February 15, 1909:]
ing to his first vocation at the Bar. A little later he embraced a colonial career under the inspiration of M. de Lanessan, who, as a friend of his family, had come to appreciate his rare qualities of intelligence united to industry. From the 1st June 1891 to 1st December 1894 he passed through the lower grades of the service up to chief of the cabinet of the Governor- General of Indo-China. In 1896 he returned to France and in the following year was appointed Secretary General pro tem on the Ivory Coast, and subsequently became acting Governor-General of that Colony. His sub- sequent career included a mission to Samory then in conflict with France; later Chief of the Cabinet of M. de Lanessan on his appointment as Minister of the Marine. He was made a chevalier of the Legion of Honour in 1899, and in 1906 he received the rosette of an officer of the Legion. He steadily rose in the Colonial service to the rank of a governor of the first class which he attained in 1904, and in 1906 he was appointed Acting Governor of French Guiana. He came to the Far East in 1907 as "résident supérieur" of Tonkin. During his short Bojourn there he made himself very popular and regret was unanimously expressed in Tonkin when he left to take up the duties of Lieutenant- Governor of ochin-China on the departure of M. Beau, the Governor-General. The go. vernment of Indo-China was temporarily con- fided to him until the arrival, at the end of September last, of M. Klobukowski. M. Outrey after thus sketching the career of the deceased gentleman said it could be well said that they were about to lay in the soil of Cochin-China which he loved a colonial functionary in every_acceptation of the word. On the Ivory Coast, at Djibouti, at Martinique and in Guiana, as in Indo-China above all, he had left the impression' which only such generously tempered souls as his were susceptible of leaving in the affections of his subordinates.
more
CHINA ÖVERLAND TRADE REPORT.
SUGAR.
Osaka refined -
ted. Formosan is in fair demand.
Kobe, 27th January, Cane-Baw Jane, neglec- Io auctions have taken place since last report.
Yokohama, 30th January. The market is At the last auction the limits quiet. not reached and all parcels were withdrawn.
Quotations are:—
Halwa New Malwa Old Malwa Older Malwa Very Old Persian Fine Quality Persian Extra Fine
Patna New Pacлa Old... Benares New Benares Ol
the fore.
OPIUM.
were
133
ning Railway between open Ports" has Böen issued by the Inspector General of Custōms, in compliance with the representations by the British Minister to free goods carried by Rail from the imposition of Likin at the in’and barriers. To the lay mind they seem very cumbersome and calcula. - ted to defeat the desired end, It is an opened secret that since the Railway has been opened the likin leviable on the alternative water ways has been much relaxed! The Manchester market is steady to firm and is still receiving a fair supply of orders from here, Fortunately, perhaps, not very prompt shipment can be given, or there might be another glut of goods here in the near future. Cotton in Liverpool has remained fairly steady, coming to-day 5.25d for Mid American spot, and 5.04d. 0.0.c. June/July. Egyptian is down an eighth to 8 d. The increased demand by spinners both in Europe and the United States is expected to keep prices steady. TheExport of Plain Cotton from Manchester list month was unexpectedly heavy, being 36,000,000 yards as against 26,000,000 per picul. yards for January last year. The New York market is keeping very strong for Domestics, 11s 5d being the latest price at which l'epperell Drills were sold, but whether that was for China is not certain-it is to be hoped not. Sheetings are also very firm an advancing, which should stop bu- siness for this, Cotton is easier, 9.61 cents being the quotation for March "option" and 9.48 centi for July. The Yarn market is not really properly opened yet. Raw Cotton is firmer, the higher prices checking business.
HONGKONG, February 18th
.$1070 $1090
do.-
.$1110
do.
.$1130
do.
$1000
do.
$880
do.
$1065
per chest,
$1100, .$10171 .S.
Jo.
PIECE GOODS.
do. dɔ.
Messrs. Noel; Murray & Co. in their Piece Goods Report, dated Shanghai 5th February, 1909, state: immediately after the holidays was not long lived, -The exuberance of spirit shown by the trade the questio of credit coming very prominently to Sellers are not encouraging further purchases without some signs of their previous s les being paid for and taken away, a matter that is rendered difficult by the action of the Native Mr. Flandrin, in the name of the Colonial Bankers, who are as whithholding the issue of Council, also pronounced an eulogy at the grave. credits to the majority of their constituents on
A
recent dispatch from Saigon the plea that they are awaiting an auspicious day. announces that as M. Bonheure left no word of So far only about twenty five per cent of the his intention to end his days, and perhaps also applicants have met with accommodation, con- because of reports which are circulating sugsequently there is a full in the market. The early gesting another cause of death, an "instruction"
date in the Foreign Calendar on which China has been opened concerning the cause of death.
New Year fell is also likely to lengthen the period that usually occurs before business is properly resumed, the festivities in the Country being con- tinued much longer than they are here, 3 that nothing more of importance is likely to be done for another two weeks, when it is hoped the Native Banks will have definitely decided on the course they will follow. Judging by the Native market reports, not always very reliable, however, a fair amount of reselling is going on between the deal- ers and country merch ints on a moderate margin of profit, if the prices are correct as rep rted, and we give them with some reserve. Atteution ap- pears to be confined chiefly to Manchester goods, although American makes can le obtained below replacing cost from stock here. There is still no particular news from the Out-ports. Tientsin is ding nothing fresh in the way of Piece Gouds, Future though there is some enquiry for Yarns.
FAR EASTERN TELEGRAMS.
JAPANESE CELEBRATION.
Tokyo, February 11th. To-day is the twentieth anniversary of the promulgation of the Constitution. The event was marked by an official ceremony in the Diet and a popular celebration took place at Hibiya Pack.
JAPAN AND THE FAKUMEN
RAILWAY.
Tokyo, February 12th. With regard to the recent criticism by The Times of Japan's attitude towards the Fakumen Railway question Baron Komura has no inten- tion of giving way in the least from the stand taking up.
The question is at present under discussion at Peking.
COMMERCIAL.
A latter report states:-
There is no change to report in the market which remains inactive pending the proper re- sumption of business in the Country The local dealers are buying themselves with general en-
Importers being glad now to accept any offer in quiries, and picking up old lots of goods here and there which were practically unsaleable before.
ĺ
order to clear. The Native Banker are still açı-
ing with great caution and have only issued a few more credits to dealers who have proved them. selves solvent, but the majority who have not satisfied their Creditors will have to confine them- selves to a cash business and endeavour to work off their liabilities before the 18th March. The
trade with Newchw ng continues to look prouis- ing. Hankow is up in arms at a threantened in- crease in the rate of freight on her Exports down River, but it is hoped this will be amicably arranged without upsetting trade. It is nach to be re retted that during the interval rumours have been gaining ground that one of the largest, and probably the oldest Import Fims of Man- chester goods here, was i › d fficulties, and tha: its chandise to be thrown on the market. To this suspension would cause a large quantity of Mer-
we are able to give an emphatic denial. Like the majority of the Iiece Goods Import houses nere the irm in question his certainly felt great em- barrassment through the action of many of their Native constituents in repudiating or ignoring indents they had made two to three years ago, the amounts expended on duties and margin being encimous.. It is this that has almost ruined the whole trade, and, as we have so frequently pointed out, some 8 fer system than that hitherto prevail ing will have to be adopted. Not feeling justided in entering into fresh transactions with such large quantities of goods on hand uncleared, and with heavy current expenses ruuning on all the time, a halt had to be called but a straight forward 5.60 statement of the situation has brought forth the Siam, Field mill cleaned, No. 2...$5.50 to 5.55 requisite accommodation and the business will be No. 1...$5.20 to 5.25 carried on as usaul. A set of "Provisional Rules .$5.10 to 5.15 for issue of exemption certificates for Import- $5.10 to 5.16 Duty-paid Foreign goods carried on the Hu-
IMPORTS. 1-
RICE,
HONGKONG, 15th February-A few demands having come forward. the prices are declining. Quotations are :- Saigon, Ordinary
29
"
Round, Good quality Long....
Garden,
White, Fine Cargo
33
$5.40 to 5.55 $5.20 to $5.25 .5.55 to
to
Yarn.
and
Credits that have been issued we understand are only 60 to 70% of the amounts granted last
year. again amongst the natives, according to the A fair quantity of goods have changed hands
market reports, but the enquiry still continues
be chiefly for Manchester goods
Moderately large quantities are being shipped to Tientsin via Chingwantao, mostly Fancy Goods and Yarn, the freight eing Proportionately higher than on the smaller bale goods-which are no doubt being kept back for the direct steamers when the River is open. It is reported that another ice-free Port still fur- ther North, and within easy distance of the the near future, which will conveniently serve Chinese Imperial Railway, is to be opened in
Newchwang during the months that Port is closed. At present the expenses via Chingwan- for the Manchurian trade are very bright as tao and Dalny are too heavy. The prospects egards the consumptive demand, but the currency question is in a most hopeles, muddle, every transaction requiring double bargaining first as to the price of the comn odity and theu as to the value of the medium by which payment is to be made.
JAPANESE MARKETS.
IMPORTS.
KOBE,. 27th January.-Cotton.--American.--- Price have risen appreciably during the past fortnight, latest quotation for "forward" Midling being reported at Yen 32.30 showing a rise of about Yen 1.00 on previous rate. No business of import ce has been done "Spot" Middling is quoted at Yen 30.0), but sales have been insignificant owing to suial stocks. The total crop estimated for seison 1908 and 1909 reported lately by the American Agricultural De: artment is given at 12,6 7,000 Bales. Indian-The strong tendency of the American market, combired; with demand from Europe and Japan has caused price to gradually hard n, forward rite closing at Yen 28.00 for Broach and Akola Khimguam 23.50 to 23,75. Some business is reported, but buyers are now hesitating to purchase further, preferring to await developments, Spot" busi- uess has been small owing to small stocks. Brosch is quoted at 25.50, Akola Khamguam (new) 1,23.00. Bengal (new) 22.00. Chinese. The high
7