September 18, 1909.]
FAR EASTERN TELEGRAMS.
THE CHARGE AGAINST MR. BUTLER WRIGHT.
Shanghai, September 13th. Mr. Butler Wright was brought before Mr. King, Police Magistrate to-day. Mr. Douglas, who had been instructed for the defence, asked the court to fix the amount of sureties for bail and so enable his client to return to Cauton to explain matters requiring attention. His Worship said he proposed to return Mr. Wright to Canton in custody and he would apply for a consular warrant accordingly.
Shanghai, September 16th.
Mr. Butler Wright left for Hongkong to-day on board the steamer Anhui in charge of Detective Welch.
JAPAN'S IMPROVED PROSPECTS.
Tokyo, September 16th.. Count Katsura, the Prime Minister, speaking at the Bankers' Club, made an announcement regarding the coming Budget. There would be no increase in the naval and military expenditure, but there would be a material increase in the revenue, which would be largely devoted to decreasing taxation. The national finances were now on a sound footing, and the policy has been approved by the people at home and by financiers abroad. The relations between Japan and the Powers were now of the most desirable nature. The Anglo-Japanese Alliance still remained the bulwark assurance of continued peace.
ANOTHER JAPANESE BOYCOTT THREATENED.
and
|
CHINA OVERLAND TRADE REPORT.
THE RECENT DEPORTATIONS FROM THE PHILIPPINES.
The admission of the Acting-Governor of the Phi ippines that he accepted the whole res ponsibility for the recent deportation of twelve Chinamen from the Philippine Islands, has not ended the discussion on the matter. The Manila Cablenews denies that the Governor had any power to deport these men, and con- eludes an examination of the law on the subject with the following recapitulation
Twelve aliens who were not subject to deporta- tion by the laws of Congress, which alone has the power to authorize deportation, were seized by officials who were not authorized by Con- gress to make such seizure and deported by a procedure that WEB neither authorized nor sanctioned by Congress, in which the American "nation," through the Constitution, has vested the sole authority in the deportation of a iens.
INSURANCE CO. DEFRAUDED.
Shui Tung-lue, a broker, Yang Tuhzung, a shroff, and Woo Yen-woo, a shopkeeper, were charged at the Mixed Court, Shanghai, last Friday with having been concerned together with others, who were not in custody, in fraudulently obtaining the sum of Tls. 2,500 from the China Mutual Life Insurance Co, on June 2 last. Detective-Sergeant Thygeson stated that the first-named accused had told him that he had some land in the country, and that before he could repay the money due to the Insurance Company, he would have to sell his land. Shui was sentenced to nine months' imprisonment, Yang to three months and Woo
to six months.
COAL
257
HONGKONG, August, 20th.—The arrivals of coal. since the 10th inst.amounted to 20,100 tons of Japa- 5.200 tons Hongay, and 7,700 tons North China. nese. The coal expected is 32,850 tons Japanese,
Hough's circular are as follows:-- Quotations according to Messrs. Hughes and
Cardiff....$21.00 to 22.50 ex-godown, nominal. Australian...$10.5 to 12.50 ex-godown, nominal. Yubari Lump...$12.00 Nominal.
Miiki Lump...$10.50 to 11,00 ex-ship,nominal. Moji Lump $7.75 to $9.50 ex-ship, steady. Moji Unscreened$6.00 to $8.00 ex-ship, steady. Akaike Lump...8.75 to $9.00 ex-ship, steady, Labuan Lump...$9.00 ex-ship sellers.
YARN.
Business fr m
Prices are rather
17th Sept., states:-Throughout the fortniht the HONGKONG-Mr. P. Eduljee, in his Report dated
market has been quiet and pa, ticularly so during the last week. A general disinclination on the part o dealers to continue operations is apparent, but with sellers anxious to ease their holdings parcels, here and there, change hands whenever special inducement is offered. fist bands, consequently, has been trifling and confined chiefly to No. 108. easier, but, at the same t me, while importers are anxions to meet what meagre dem nd that exists there is no actual pressure to sell meanwhile. eceipts for the fortnight are comparatively very heavy, and stocks show a fur her considerable increase on last estimate. The market closes quiet. Bombay is reported st ong but quiet. The scarcity and high price of cotton has brought the mill industry there to such a pass that in all probability there will be shortly an all round short time, if not stoppage of work, in spinning especially, thus boding more or less severe losses to manufacturers and dire distress to the mill ope ative.
Sales of the interval aggregate 1,459 bales, arrivals amount to 17,101 bales, unsold stock estimated at 27,000, and uncleared yarn in second hands at 38,000 bales. Lacal Manufacture: -No business is reported. Japanese Yarn:— Neglected throughout. Raw Cotton:-There is no movement in Cotton whatever. Importations of both Indian and china descriptions have entirely ceased, and in the absence of any stock HONGKONG, 17th September:-There have been or transaction values may be considered more or Saigon, Ordinary a few arrivals. The prices are further advancing less nominal. Quotations are: Indian, $28 to $36; $5.05 to $5.10 Bengals, and $82 to $38 Chinese Exchange on 5.10 to 5.15 Indian has fluctuated slightly, and closes to-day 5.15 to Siam, Field mill cleaned, No. 2... 5.0
5.20 at Rs. 1314 for T/T and Rs. 131 for Post. On to 5.05 Shanghai 742, and on Japan 84. The undernoted Garden,
No. 1... 5.25 to 5.30 business in imp rted and local spinnings is report- Waite,
5,35 to 5.40 ed from Shanghai during the fortnight ended the Fine Cargo
5.50 to 5.55 11th instant, viz.: Indian :-Continued quiet during the greater part of the interval, but an unexpected demand from the River Ports and Szechuan set in at the close, and about 4,500 bales chinged hands at a slight advance. Estim› ted unsold and u cleared stock 68,500 bales. Japanese-Total sales about 2,000 bales on the Esis of Tls. 102 to Tls. 1083 for No. 16s, and Close strong. Tls. 116 to Tls. 120 fr No. 205. Local: No business from first hands.
COMMERCIAL
RICE.
Bound, Good quality Long....
The Shanghai Taotai has issued a proclama- tion to the following effect:-The pending IMPORTS affairs in the Three Eastern Provinces have been duly negotiated between the Waiwupu and the Japanese Minister to Peking and have been concluded in general principle and will be amicably settled. However, bad characters have come to Shanghai at this time and are trying to incite people to boycott Japanese goods calling the acts as civilized measures of retaliation. They are simply trying to cause excitement and raise money for their own benefit. We heard of this some time ago and have strictly ordered the businessmen not to be tempted by them. Then the said bad characters have printed and circu- lated circulars advocating the boycott, which we deplore deeply. Shanghai is a great commercial town and the trade is quite considerable. At the same time there are many bad characters. Owing to disasters in various provinces goods are overstocked and there is commercial depression here. If there be any sign of boycott, such bad characters will take advantage of that and will cause trouble and the result will be very bad for trade. We have already ordered the arrest of the leader of the persons advocating the boycott and the persons who printed the circular, and at the same time we issue this proclamation to let all merchants and people know that they should peacefully engage in their own business to avoid any trouble with- out being tempted by young men who are quite ignorant. We will deal with any persons who act against law and order without leniency, and we hereby strictly probihit anyone joining such illegal acts. This proclamation should be tremblingly obeyed without fail.
THE WORLD'S NAVIES.
A return of the naval expenditure of the principal naval Powers, ordered by the ouse of Commons, has been issued It shows that
the estimated naval expenditure of the nited Kingdom for 1909-10 is £35,142,700, of which £10,353.825 is on new construction and arma- ments. For Germany the corresponding figures are £19,538.188 and £10, 51,468; for France, £13,353,825 and £5,760.176; for Russia, £ 0,928,831 and £1,822,237; for Italy, £6,755,291 and £2,190,707; for the United States, £28,778,777 and £10,0 5,801; and for Japan, £7,202,823 and £2,949.381.
OPIUM,
HONGKONG, September 14th.
Quotations, are Malwa New Malwa Old Malwa Older Malwa Very Persian Fine Quality Persian Extra Fine
Patna New Patna Old Benares New Benares Old ·
d
$1,150/1,180 per picul. .$1,190/1,220 dd. .$1,230/1,760 dd. .$1,270/1,300 do.
..$1,100/1,140 do.
$1,000/1,050. do.
$1,080
$1,000
$1,060 .$1,060
per chest.
do. do દેવ
HONGKONG, Sept. 15th-We beg to continue our advice of the 2nd inst., since when the movements in our various Opium markets have been as follows:-
Malwa. Patna, Benares. Persian Stocks on the 2nd Sept, 1909–1,8871 2,077 1511 400 Sept., 7th Imports per C. Apear 150
+
10th 13th 13th
15th
21
19
11
60
Ceylon Oceanien-- 100
20.
Namsung-
Delta 10
175
100
50
102
1,897
05
2,602 1,641
230 170
508
225
.36
Less Exports to Shangbai
Less Exports to East and` West Coast Ports including 145 517 Local Consumption for the fortnight..
Estimated Stocks this day
1,246 1,687 1,855
472
Bengal The market has remain d steady with
PIECE GOODS.
Messrs. Noël, Murray & Co. in their Piece Gods Report, dated Shanghai, 10th Sept., 1909, state:-- The on y satisfactory thing to advise is a welcome cha ge in the temperature during the last day or two, which it is to be hoped betokens the end of our summer. It has been a long and trying one, and unfortunately not unattended by a good deal of sickness, the natives in the North, especia ly, that this must account for a good deal of the suffering very severely. It is th ught by some
trade depression at p esent-it certainly may have added to the unsatisfactor state it is in, but the chief reasons are undoubtedly the debased currency that has been issued all over the coun- try and the consequent want of confidence as to the future. All over the world prices for com- modities have steadily increased, but the earning powers f the masses have kept pace and pre-erred the balance. In this country it is different, the prices of everything, especially those imported on a Silver basis, are higher, but the wherewith- all to pay for them is of less and less purchasing power. This must continue so long as the Pro-
a fair demand. We quote New Patna at $1,0973-yincial Authorities are all wed a free hand in Old Patna st $1,077).- and Ben res at $1, 624.-
Malwa.-Stendy at the following quotations: New $1,160/75.-; 2 yrs $1,200; 3/4 years $1,230/40.-; Older $1,275/1,200.
Persian.-Small business doing at $1,300,
issuing what ar- nothing more than token coins, that are not even accepted by the issuers in pay- ment of official dues, except at a heavy di count, As was pointed out last week, this must lead to a crisis, and it is none too soon that the Govern- ment has now decreed that the further issue must