TELEGRAMS.
(THROUGH REUTRI'S AGENCY.]
THE STOMS IN AMERI-A/
DAYTON'S TERRIBLE PLIGHT.
LONDON, March 28th.
HAMBURG LETTER-
THE HONG KONG DAILY PRESS. SATURDAY, MARCH 29 cm
SPECIALLY WRITTEN FOL THE HONGKONG
DAILY PRESS."]
HAMBURG, March 5th:
TILE N.D. COMPANY.
THE MILITARY TAX,
The great sensation of the past work
THE CHINA LOAN QUESTION. SPECULATION ON THE RESULTS OF AMERICA'S
WITHDRAWAL
1913:
"HONGKONG SHARE MARKET.
Mesra, Vormon & Smyth in their weekly share report dated 28th March Renter's correspondent at Peking states state: that the American Banking Group The local market has ruled firm' intends to leave Fcking shortly. Other gouerally during the past week, but with members of the Sextuple Group state that varying quotations owing to settlement the withdrawal will not affect them. They influences. Sterling Babbers" are a can carry on as usual. But there appears shade firmer than last quoted, and Oil who are dissatisfied with the recent negotiations of the sextuple Group.
writing on the 21st inst, said:
The Peking correspondent of our American contemporary in Shanghai,
A message from New York state that deutsche Lloyd have just published their and to others enjoying exemption from to be some doubt as regards the Germans, sharca show a distinct-improvement on |
swept away.
of the burden.
has been a preposal to defray the cost of the contemplated vast increase in the armaments of the country by a tax on property, scal and perma) (Vermögens, Abgabe). It is said to have originated with the Emperor, who is stated to have The Board of Directors of the Nordwritten to the rulers of the federal States taxation to waive the privilege on the preselit occasion and to bear their shure roady sympathy in the Press and amongst The notion meets with the public, being looked upon as a noble manifestation of patriotism and a fitting act of commemoration of the rising of Prussia and the Gernina people against their oppressor, Napoleon, E hundred years ago. Ticts has been too short to Ramit of an exhaustive discussion of the scheme, especially as no particulars have transpired so far, but it is believed that a bill regarding it is now being prepared and will be published in the beginning of
in 1911.
Grays
The shareholders may be disappointed to learn that, in spite of so favourable a result, it is proposed to declare a dividend
The sudden and unexpected abandon ment by the United States of the action of the American Group in Sextuple diplomatic entente, and the completely withdrawing from all loan negotiations and closing its offices in Peking is the greatest sensation the capital has had since the Manchu abdica tion. Little else is discussed by for.
igners and intelligent Chinese.
Very naturally, the chief interest now centres in how the action of America will affect the international combination, and there is a variety of opinion about this:
annual report, from which it may be seen
the period under review. Fine Hard six of the middle-weke States have bon that the company has fully retrieved its
Para Rubber closes in London at 3/10 #tricken with the greatest disaster sine position and has not only recovered the
Sheets at 3/10 per lb., firm. The open per lb., and Fine. 'Smoked Plantation. the San Francisco earthquake. The losses sustained in 1908 and 1909 but has
again easier with a closing quotation of market rate of discount in London is foods are increasing, sweeping expecially been able to accumulate reserves to the
4 per cent, but the Bank of England Ohio and Indiana. Up to the present the extent of over 28 million Marks
Bar Silver closes at 263d for ready and Fate remains unchanged at 5 per cent. Telegraph, The destruction is incalculable.
earnings amounted to
2011-10 for forward delivery, with a telephones, and railways are interrupted, M51,553,118 as
compared with and most cities are isolated, but Dayton 41812 in 1911, and the nut profit was
steady tone. Sterling TT is to day in Ohio, which is the centre of a yellow,,644 as compared with M7,914,331
quoted at 1/11 3-10, Bhanghai T.T. at 738. and Singapore T.T. at 923
BANKS.-Hongkong and Shanghais have river four miles wide, is the chief sufferer.
again been booked at $500, but no shares. are now obtainable at this figure, which is The glare of the burning buildings has lit up the sky and illuminated the rushing
the closing buying quotation London is unchanged at £80. 10s, od.
MARINE INSURANCES--Unions have ruled food on which the uncounted dead are only 2 per cent above that of the previous next week. It is supposed that a milliard Chinese attached to the Government firm, and sales are reported at $940 and
The whole business section year, uny, 7 per cent, against 3 per eat. Marks will be required, and in the opinion |-declare that this means the immediate 8815, market closing with few shares)
and to allot the balance to various other of many prominent financiers it will be breakup of the Sextuple Group, and the obtainable under $950. Cantons here recounts, carrying forward Ms1.41045eaaier in the present state of the money formation of a new Group are the been booked at $285, North-Chinas at leadership of America. However, this Tls. 135, and Yangtszes at $200, all closing now account, but the directors, following market to raise this amount in the man view does not Jibe with the evidently further recent 800 the example of the Hamburg-America larly if the tax be payable by instalments, to abandon the field, at least for the nor proposed than by a loan, partic:incere intention of the American Group Line, have deemed it wise to provide for as may be expected. Besides, a loan would present. It is evident that the Americans the future out of the profits of a specially saddle the empire with an annual liabilare very much disgusted at this outcome prosperous year, by strengthening their ity of 40 million marks for interest, of their effort and expense. reserves, which now amount to M28,100,000 whilst the effects of the tax, although for Germany will be the next Power to secede A distinct rumour is current that or about 24 per cent of the share a time the reduction of the capital of from the now Quintuple Group, and that capital of 125 millions. It is satisfactory individuals might affect the yield of the an account of her attitude the remaining Powers will be unable to agree upon a to note, moreover, that whereas sundry ordinary income tax, would probably not basis for continuation of the negotiations were about two million Marks be felt for long in the face of an annual If this proves true, it is predicted that in excess of "aundry debtors” in 1911 increase of the wealth of the nation, | the consortium will finally disrupt. the latter this year are about twice the estimated at four milliard marks. That that it will be futile to try now to hold Chinese and some foreigners contend amount of the former, say, over 30 millions the measure will require most careful the Group together; as the agreement in against 19.7. There are no liabilities for consideration is self-evident owing to the its prevent form is unacceptable to China, vessels in the course of construction, great number of interests involved. In and if the Powers continue to insist upon whilst the company hold 18 million Marks the first place, by the constitution of the it, the resulting situation merely will in Government stocks and other securities, vet to the separate States; the levy pro situation would effectually block fruition serve Russia's interests to the detriment of those of all other nations. Such a against 17 last year, and have an avail- ablo balance in hand and with their posed would therefore be an infringement of the loan, and at the same time cluse bankers of M700,327, against M1,058,835 dangerous precedent, for ce n'est que le
of that provision and might prove a European financial markets to the issue.. Chiness official circles make no attempt The reports of most of the other steam- premier pas" que· "coûte. Then again to conceal their jubilation. Many friends ship companies are equally gratifying, of Vermögen (fortane, property) and to is premature, until it is learned whether it will be difficult to define the meaning of China, however, fear that this rejoicing some even more so, the Deutsch Austral make an equitable assessment, but as any other nations will follow the example Co. and the Hamburg South American tax on "fortunes supplementary to the of America. If the Quintuple Group Line paying 14 per cent 1
income tax already exists in Prussin, holds together, it may be that China will Würtemberg and some other States, it will be compelled to accept even more severe
A probably be done on similar lines.
is on fre. Refugees from the floods 20 marooned in houses and are seen leaping from-roof to roof to escape the flames It is reported that men shot their families rather than witness their sufferings. It is estimated that 12,000 are imprisoned in buildings. The troops are unable to reach the city, which is a prey to looters, A later, message from Dayton report that snow is falling. Fire is sweeping whole blocks in the business district and the flames are shooting a hundred feet into the air.
Western Pennsylvania, the northern portion of West Virginia, and Kentucky are now threatened with serious inunda tions. Part of Pittsburg and Wheeling are already under water. The Missis sippi in Arkansas has risen 37ft, The Becretary for War has gone with a garrison to Ohio to supervise relief operations.
· FLOODS RAPIDLY SUBSIDING. A message from New York states that there are good prospects of the foods rapidly subsiding. Clear, cold weathe prevails, and everything is being done to relieve the sufferers
THE LATE KING GEORGE OF GREECE.
LONDON, March 28th. The yacht Amphitrite, with the remains of the late King George of
creditors"
REPORTE OF LEADING BANKS.
empire all direct taxation has been reser-
further sales at $357 close strong with FIRE INSURANCES. Hongkonga aftor buyers. China have advanced to 9147 buyers, but no sales are reported, and
Macars have been booked at $27), and shares cannot be obtained at quotation.
SHIPPING. Hongkong, Canton and more shares are wanted. Indo-Chinas have advanced to $95, Denglases to 338, and Star Ferrys to $40, all closing in period of inactivity are now enquired for. China and Manilas after a at 9, but no shares are obtainable under
request..
a material advance on this rate.
OIL SHARES-Shells have advanced 19 London selling rate of 110/-, but no A cash buying quotation of 116/- and a business of importance has transpired. Ural Caspians have improved to 48/9
booked at 41/3, the market closing with (middle) and Mexican Eagles to 40/9 (middle), sales of the latter having been
probable buyers.
REFINERIES-China Sugars are firmer with sales aral buyers at 8103 ex the dividend of $3 per share for 1919 paid steady at a caninal quotation of $38 with on the 26th inat Luzons have ruled sellers at 9384, and no business to report.
MINING-Tronobs have been booked locally at $1/2 and 82/-, but there is no chango in the London quotation, which
That the tax would be severely felt by terms than have benu offered, or run the remains at 82/6 middle, Heawoods are.
THE CHURCH OF SCOTLAND,
enquired for at 4/-, Pahang Consolidateds at 9/3, and Chinese Engineerings at 32/6. Raubs aro a quiet market at 83,85 with sellers.
The reports of two of the leading banke.everybody, although it is believed that risk of direct coercion. the Disconto Gesellschaft in Berlin and the Dresden Bank have likewise appeared. The former shows gross earnings includ- ing a balance of M1,276,001 brought for ward from last year of M20,768,745, leav ing, after deducting the working expenses, as long as no particulars are known, I advocate, who was for many years a sellers at the former.
a net profit of M25,718,722, out of which it is proposed to pay a dividend of 10 per. to: the commanditaires cent. M2,030,842 to the responsible partners and
fortunes below a certain figure will b exempt and a graduated scale be adopted it will be a real sacrifice on the altar of for the others, cannot hardly be dented;
the Fatherland and its effect on the trade of the country it seems impossible to. fordell, however, all speculatione idle bore to revert to the subject in my next
SERIOUS FIRE IN MANILA,
A very serious fire occurred in Manila
ENDOWMENT FOR THE MODERATOR.
Major-General William Starke, the younger son of Jamey Starke, a Scottish Judge in Ceylon, has died at St. Leonards. With the object of securing that no minister asteened worthy of being Mode rator of the General Assembly of the Church of Scotland should be compelled to decline the honour on the ground of the residue of his estate under burden of
the time being As trustee. Procurator and Agent of the Church for income is to be paid to the Moderator for the year in recognition of the large amount of travelling and personal outlays involved in properly discharging the
Dooks, WHARVES AND GODOWNS.-Hong- kong and Whampoa Docks have been dealt
in largely at $68 down to $67, the market losing with buyers at the latter rate, and Hongkong and Kowloon Wharves under settlement in- fluences receded from 877 to $74" with sales at intermediate rates, but at the close are firmer with buyers at $75 and. New Amoy to shares how obtainable, Docks continue quiet at $7h. Shanghai
INTIMATIONS
Comfort Your Skin-Tortured
SCAP
Babies With Cuticura Soap
And Cuticura Ointment. The use of these pure, sweet and gentle ›- emollients affords immediate relief and permits rest and sleep even in the most distressing forms of itch- ing, burning, scaly eczemas, rashes, irritations and chafings. May be used from the hour of birth.
Bamples with p bak free from nearest depak. Norbury.dopt. X, Chartestowe Bq., Londont R. Towne & Co., Bydney, N. B. W. Lennon. Ltd.; Cap Tawni Muker, Maclean & Co., Oalouttanud Bombay: Potter D All Corp., wale prża, Boston. U. 9. A
ZEISS
96 I
PRISM
BINOCULARS
AT HOME PRICES:
16 Power
Greece on board, has arrived in the bonuses to the staff; to write off at a week ago in which Messrs. Anderson & expense, he directs his executors to convey Docks are frm with buyers at Tls. 61, and 12-
million Marks on their premises, to place Company suffered lose estimated at
Shanghai
steady at Tls.
Pirmus, and was saluted escort of foreign warships.
Men Pension Fund and to carry forward & and McCullough & Company, whose book bers of the Holy Synod- on board balance of M1,200,022 to now account, stote and printing ofice were burnt out, The share capital of the company remains suffered loss estimated at P.800,000, a and rend prayers. The coffin, which was covered by the Greek and Danish flags reserves now amount to 157,300,000 and would undoubtedly reduce this total.
at 200 million Marks, whilst the ordinary total of P.770,000 Salvage, it was stated was borne ashore by deceased's sons and the special reserves to M24,000,000; the grandaons. King Constantine, Queen Pension Fund now stands at M6,401,114, Olga, dignitaries of the Court, and and the directors state with regard to Cabinet Ministers followed.
an M200,000 to the credit of the Hanseman P,270,000, fully covered by insurance a life rent to the ex-Moderators and the 107. and Hongdong
The coffin was then placed on agus carriage, and was drawn by 44 scamen, to
the railway station, where it wa despatched by spreial train to Athens Detachments of foreign seamen joined the procession.
THE LATE FIELD-MARSHAL
WOLSELEY.
it that they still hold it for the benefit of their employés, although, in compliance with the new insurance laws, they have been obliged to take out special insurances. for them. This they have done with the insurance department of the Society of German Bankers in preference to the State Insurance, as, although the pre- minas are somewhat higher, the terms appear more favourable to the insured. They also say that, considering the fur ther advance in the prices of the neces sarics of life, they have again made special grants to clerks in receipt of salaries below a certain figure. They note with regret that the enormous expan- participate. The King Las commanded sion of production in all branches of that every possible honour be shown to trade and the increased strain un all the dead warrior. The field-marshals in engaged in it should not have been increase in the England will act as pallbearers. The accompanied by an
margins of profit, which, on the contrary, owing to the rise in wages and in the cost- of most raw materials, have diminished. This is particularly noticeable in the
LONDON, March 26th. Field-Marshal Wols-loy's feneral will be the most impressive sine that of the Duke of Wellington, as 00,000 troops will
tomb will be in the passage between the tombs of Lord Nelson and the Duke of Wellington.
ITALIAN MILITARY OPERATIONS building trade, where the fact that the
IN TRIPOLI...
LONDON, March 27th.
A message from Tripoli states that the
Italians are following up their successe
number of new buildings erected exceeds the demand nearly everywhere and that
Odol
vest
dentifrice
duties of the office.
I am awfully sorry,—but
LANDS, HOTELS AND The free Long Lands have firmed up considerably with burerg offering $105, but no shares are to be had at the rate. Kowloon Lands can be placed at $35, West Point at $50, and Humphreys Estates at sal Hongkong Hotels have been backed at 9115. for the old, and buyers how offer $75 for the new issue.
heavy losses have been incurred through if you ask for the best dentifrice I can't offer you anything else but Odol. speculation in sites makes it very difficult | This is the best dentifrice in the world, and if you search the world at Charian, and have now occupied for builders to procure the necessary.| over you can't find a better. Kikla, Suadna, and Yeffren. The Art funds for their undertakings at reason leader, Baruni, has fled and the resistable rates, whilst the now laws for the hee of the natives is regarded as being protection of the masters and workmen overcome.
CANADA AND THE ANGLO- JAPANESE TREATY.
LONDON, March 28th
employed by them and the increment duty
on profits on land do not improve their position. On the whole, the remarks on the various brauches of trade and com- morce differ very little from those in other Mr. Borden introduces a Bill in the reports and it would therefore be a waste Canadian House of Commons this week of space to enter more fully into themt. providing for Canadae adhesion to Suffice it to say that the directors seem
The Com- the Anglo-Japanese Treaty, merce and Navigation Treaty of 1911 to be of opinion that the political and will be accepted in its entirety with thother disturbances that during the last exception of Article VIII, regarding few months have exercised an unfavour- reciprocal tariff on certain commoditiable influence on business have not Canada will also stipulate that nothing assumed proportions precluding the in the Treaty shall affect the Dominion's chance of a resumption of activity once
confidence has been restored. Immigration Laws.
439)
PERTUSSIN.
(10445
Is a barnless and eficient remedy against all discuses of the respiratory organe, eiptcially WHOOPING COUGH, CATARRH OF LARYNX, ACUTE AND CHRONIC BRON- CHIAL CATARRH, ASTHMA, ETC., which has been recognised unequalled by the highest authorities. Also the AFFECTIONS OF THE LUNGS will be greatly relieved by the use of it.
TO BE HAD AT EVERY CHEMIST.
IMPORTERS;
S. J. BETINES & CO.
TIENTSIN AND PEKING.“
VOELKEL & SCHROEDER. LTD.,
SHANGHAT,
COTTON MILLS The market in this section has ruled quist,-and-quotations are without change.
MISCELLARSODE-Cements have declined to $1.30 kellers. China Borucos have been booked at $0.50 and $10, and more shares are wanted. China, Providents can be obtained at $81 China Lights at Strom Laundry at 84, Union Water- Boats at $17 Powells at $0, Steam Fisheries at 8, and Pulps at $25. Ropes are wasted at $19, Dairy Farmy at $25. and Peak Trame at $113 and 81 for old and new respectively. Langkats have declined in the North to Tls 89 sellers after various sales at from Ths. 73 down to Tis. 70. Hongkong Electric Trams have been booked at 6/4 and 6/3, and at the latter rate more shares are wanted. LONDON QUOTATIONS. The following were received from our London Agents by wire this morning-ell middle price:- United Berdangs .... 12/3
10/9 premium.
Rubber Trusta
Eastern Trusts audinio. 18/6 London Ventures.
TrendEs
17
02/6
Pahang Consolidateds 9/0
12
(new model)
£10.10.0 £10.10.0
£9.5.0
8
26.10.0
f
(large field).
£7.10.0
6
£0.0.0
6
(small model)
£5.18.0
3
£6.8.0
To be Obtained fo
Chs. J. Gaupp
Malayan Tin Dredgers 78/0 ex rights. Chinese Engineerings vir 32/6 Shell Transports
117/6
Mexican Eagles
40/9.
Ural Caspinnastumai: 48/9
OUR
STUDY
180/-
OF
Indo Chinas zamjeni Hongkong Electric Trams. 6/71
ENGINEERS AND SHIPBUILDERS": INSTITUTE.
The annual meeting of the Hongkong- Institution of Engineers and Ship builders was held last night, Mr. J. Reid (President) presiding over a very good. muster of members. ⠀⠀
The report and balance sheet were presented and approved, the financial statement showing that the Institute commenced the new year with a balance to the good of over $1,000.
The officers for the ensuing year were elected us follow-President, Mr. J. Mc- Cubbin Vice-Presidents, Mesirs. R. Hunter and J. G. Harman Hon. Trea surer, Mr. F. H. Shaw; Librarian, Mr. J. F. Reid, Committee-Messrs. J. Arms trong A. H. MaeDenald, A Davidson, W. Tulip, J. P. Nielson, W.-J. Hill, J. Y. Chapman, W. C. Jack, T. E. 8. Robson, and D. R. McKenzie.
& Co.,
ALEXANDRA BUILDINGS.
CHATER ROAD.
THE EYE
and its anatomy and our long experience in corresting defective vision enable us to tell beyond doubt if your eyes will be benefited by wearing glasses.
Dur withod of testing is Acientião aud accusate. If you do not need glasses we wil tell you to. If you do need glasses we can supply and fit them at extremely troterate prices..
MAKE CERTAIN WE WILL TELL YOU.
SCIENTIA
& Co
OPTICIANS
#DOK BLOGS, CHATER RDS
4.ONGKONG