374
rebuttal of certain testimony given, but that Grant was at home in his hotel, a nervous and physical wreck. Attorney Cohn, Grant's attorney, was cited to bear out the statement and told the court that he had called upon his client that morning but found him unable to leave his room and suffering from a nervous collapse. He also stated that he was wandering in his mind and was unable to converse intel- ligently.
THE HONGKONG WEEKLY PRESS AND
COMME CIAL
IMPORTS:
RICE.
HONGKONG, 24th October :-The prices are advancing a little, holders being firia. Saigon, Ordinary
**
Round, Good quality Long...
$5.05 to $5.10
5.10
5.45 5.25 5010 5.30 5.40 5.50
11
5.20
31
In view of this the court decided to suspend Siam, Field mill cleaned, No. 2... 5.5 No. 1 5.25
"}
"
13
39
"
Fine Cargo
5,35 5.45
*
OPIUM.
the trial until such time as Grant could be brought to court or his testimony could be taken
at his hotel.
FAR EASTERN TELEGRAMS.
A FEDERAL COUNCIL FOR THE MALAY STATES.
Singapore October 21st.
A Federal Council for the Federated Malay States has been formed, to meet in the begin- ning of December.
Special provision is made that the planting and mining interests shall be represented, also that each State shall be represented, but autonomy is retained locally.
PRINCE ITO'S TOUR.
Tokyo, October 22nd. Prince Ito addressed public meetings at Dairen and Port Arthur. At Dairen he emphasised the absolute necessity of Japan's strict observance of commerical integrity in official and private dealings. At Port Arthur he spoke of the necessity for peace, which, he said, could only be maintained by being pre- pared for war. *If,” he added, “Japan wishes to preserve her position among the nations of the world, heavy expenditure on the Army and Navy is inevitable.
£5
LORD KITCHENER'S VISIT TO JAPAN.
Tokyo, October 22nd. Lord Kitchener arrives here on the 2nd November, when he will be received as all Imperial guest of princely rank,
The manoeuvres have been postponed for one day to suit his convenience.
<
FROM THE CHUNG NGOI SAN FO”.
CHINA'S NAVY,
Peking, October 22nd. The Peking Government intends to appoint an English officer as the principal of the naval college to be established at Tientsin.
OXFORD LOCAL EXAMINATIONS.
News has just reached the Warden of St. Stephen's College that out of the 18 boys recommended by the College for the above Examinations all have passed, with the addition of one other who through prolonged absence could not receive the College recommendation. Of the above 19 no less than nine are in the
Senior Division, of whom eight are below the age necessary to allow them to bear the A.A. degree, three of these being in the Senior and one in the Junior. Only those who are under 18 years of age in the Senior and under 16 in the Junior are eligible for distinction. Follow- ing are the results:
Senior: Fung Man Sui, Leung Nai Tsun, Leung Nai Hang, Chan Ying Wing, Cheng I Kam, Cheng Yun-tin, See Chong Su, Wei Wing Hon, Yip In Fong.
Junior: Chau Tsun Nin, Ho Wing Kin, Lam Tung, Wei Wing Lock, Wei Wing Yuet, Wong Shiu Tung.
Garden, White,
Quotations are:-
Malwa New
Malwa Old
Malwa Older Malwa Very Old Persinn Fine Quality Persian Extra Fine
Patna New
Patna Old
Benares New Benares OLA
·HONGKONG, October 18th
.$1,220/1,260 per picul .$1,270/1,300 do.
$1,310/1,330 do. .$1,340/1,370 do.
$1,100/1,050
do.
..$1,160/1,180 do.
-
por chest,
do.
..$1,290
.$1,275
.$1,320
do
do
FOOCHOW IMPORTS.
YARN. Since 1st June, 1909;--
As per last circular During the week
Total.
.12,381.30 piculs 318.00 >> .12,699.30. :
..199,985 gallons
KEROSINE.--Since 1st June, 1909:-
As last circular
por FLOUR.-Since 1st June, 1909: —
As per last circular, During the week
Total
OPIUM.-Since 1st June, 1909:---
As per last circular During the week
Total..
PIECE GOODS.
158,193 bags
1,825, .169,018
"
..7633 chests
72 835
Messrs. Noël, Murray & Co. in their Piece Goods Report, dated Shanghai, 15th Oct., 1909, state:~~- The market continues to drift along in the same way that it has been doing for months now, no excitement being aroused by the growing strength of the home markets, or the prospective shrinkage of supplies. It clearly shows the dejected state the trade of the Country has been reduced to, and the little spirit that is left in her traders to take advantage of the strong position the piere goods business, at all events, should be in. The low Exchange and high price of the aw material should be an effectual barrier to further importa- tions, until the conditions of those two essential Japanese makes just as much as Manchester and They affect factors are completely changed.
[October, 25 1909.
as the natives have to practice the greatest econo- my as their means of livelihood are rapidly disappearing. The shippers here, however, seem to have plenty of confidence. The news that Vladivo tock may son be made an open Port again will be greeted with satisfaction here. The Manchester market is very strong, but in spite of the many assertions that it must go higher few care to take the risk of buying at prices from thirteen to twenty per cent, over those now cur- rent here, even in face of the possiblities of Cotton going up
to eight-pence, and even nine-pence, as some predict. This morning the Liverpool quota- tion for Spot comes 7.36d. for Mid-American, and 7.11d. January/Feburary option was received yes- terday, Egyptian remaining at 101d. The price for American is confirmed by telegrams from New York, which quoted on the 12th inst. 13.34 cents for January and 13.42 cents for March, while to- day December option is wired 13.33 cent. The goods market naturally keep very strong with prices eleven to twelve per cent. over prices now being accepted by the naives here. It is interest- ing to see from telegrams recently received that the shipments of Plain Cottons for the nine months ended 30th ulto. are apportioned as follows:-
Bleached
Hongkong... yards. 52,400,000 Shanghai
Tientsin
**
119,000,000
$2,300,000
Groy 35,500,000 152,600,000 1,500,000
The Yarn market is not quite so buoyant, though prices for. Indian are still under those ruling in Bombay, which seem likely to be main- tained, although there is only a small business doing there. In Japanese Spinning- there is a suspicion that the business reported is not all to fill orders immediate consumption, a chance to speculate being afforded pending the decision as to the continuation of the agreement curtailing the output for export by the Mills in Japan. The lower tendency of the local Cotton market has not had much effect on Spinners here as yet, fairly firm prices being maintained, Privately business continues on a very limited scale, first. hand holders not being at all anxious to sell, but here and there special lots have changed owner- ship at more satisfactory prices. There are a lot of weak holders still amongst the natives and no concerted action can be taken to force prices up. This of course is rendered more difficult not only by the Auctions but by the continued clearing A further out of bankrupt stock by forced sales, fair amount of business is reported amongst the natives in American Drills. shirtings and Sheet- ings, but prices show little change in the he vier makes, Drills being about two and a half candareens higher, while Sheetings remain the same. Shirt- ings, however, show a firmer market and advances of a half to one mace are reported. The Auctions have shown a decidedly firmer tendency this week for the great majority of the goods offered, it being easier to point out the exception, which are the better class of White Shirtings, T-Cloths and Jens. Prices have kept fairly steady to firm for Turkey Reds and Fast Black It lians. Woollens have realised steady to firm prices, the Dark Blue Camlet; this morning advancing Tis. 500 per piece, which probably means new uni- forms for the native police force,
EXPORTS :—
TEA.
FооCHOW, 8th October-The following settle- ments have taken place during the week:- 520 half-chests. Viz.--331 boxes Congous. Pakling, 189 half-chests Panyong, 102 half-chests Saryune, 118 half-chests Yuug How. Souchongs. -363 half-chest, Nolongs.4,382 half-chests, Scented Teas.-558 boxes, Flowery Pekoes.-474 chests.
American, while Indian and Local Yarus have al- ready long since responded to their influence. Yet, although the off-take of these Spinnings does show a slight increase over that of last year, an admittedly bad one, it cannot begin to account for the, not so much falling off, as the lack of im- Is popular provement generally in the trade. favour reverting to Silk and furs for garments? Or what is taking the place of the erstwhile favour- ite cloths in a country that is supposed to beạ in the process of developinent? So far, owing to circumstances over which Importers have certain- ly lost all control, the native consumer has been able to secure goods at absurdly ow prices, as compared with replacing cost, and even the middle- men are complaining that they make little or no profit, so that it is necessary to obtain a higher range of prices in the country, which should not be difficult to do with the very promis- ing crops and greatly increnɛed export trade, if there were not other obstacles! Then, naturally, | it comes down to the currency question, which, | Settlements..137,715 beyond all possible doubt, is the root of the evil, Storks and until that is properly reformed trade cannot prosper. During the week further orders for American goods at absurdly inadequate prices have come in from Newchwang and Tientsin, but holders are not able to get any advance to speak
Preliminary Lai Hau Yeung, Lai Hauf, business consequently being confined to second Chin, Lo Kwan Iu, Lei Ying Chiu.
It is understood that the Chinese Govern- ment is sending a Chinese postal delegate to Tibet to arrange the preliminaries for the establishment of a postal service to the Tibetan trade marts and possibly to Lhassa. It is in- derstood that the new service will have the sympathetic co-operation of the Indian postal administration.
hands still. Chefoo has also been in the market to some extent for similar goods; however it is only for the lighter weight makes, which are. taken for the up-river markets, that any improve- ment is noticeable. Clearances have been acceler- ated by the departure of a ste mer for Corea. which to k a fair quantity of goods, Ace units (f that market are decidedly conflicting. Residents there write very de pondently, and say that the shipments thence are not going into consumption,
i
Arrivals
Total arrivals, settlements and stocks to date
4-chests 4-chests -chests chests Congou, Souchong, Oolong. Pekoe. .143,000 78,500 55,180 9,80) 75,613 48,084 9,489 5,285 2,887 7.096 The Tea Export Summary from commencement of Season to date :-
Austria.....
France
Germany
Holland
London
Russia
Other Countries. South Americn
⚫ustralia & N, Z. U. S. & Canada South Africa Coastwise Southward Coastwise Northward Total Shipments
311
Total lbs.
487,11
645,986
2,618,008
766,683
3,230,564
179,740
357,329
140,853
799,721
1,854,275
153,543
49,235
423,707 ...11,706,757