Intimations.
THE HONGKONG TELEGRAPH, FRIDAY, SEPTEMBER 16, 1892.
.DEATH.
At Shanghai, on the tdth September, B. F. CHRISTIANSEN, Jate of the Chinero Imperial DAKIN, CRUICKSHANK & Telegraphs, aged 46 years.
CO., LIMITED.
victoria dispenSARY.
WE have received a small shipment of
REAL DEVONSHIRE CIDER from. Symons & Co., Tatser, Devon, in splendid condition.
{
SYMONIA CIDER,
$1.50 per dozen.
CHAMPAGNE CIDER, $2.50 per dozen,
ZAMENE CIDER,
$1.50 per dosen.
VICTORIA DISPENSARY,
HONGKONG.
(30
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The Honghong Telegraph.
HONGKONG FRIDAY, SEPTEMBER 16, 1893,
TELEGRAMS.
TYPHOON WARNING. We are indebted to the courtesy of Señor Don Ortiz, Spanish Consul, for the following telegram:-
די
2.30 p.m.
MANILA, September 15th. A centre of depression is N,W. of Luzon,
LOCAL AND GENERAL.
"ADMIRER." "-The sketch you refer to will appear in to-morrow's Telegraph. ^ H.M.S. Rattler, from Japan, and the U.S.S. Parel, from Hankow, arrived at Shanghai on the rath inst.
Hongkong, 20th August, 1897.
The steamer Shart got aground the other day about a bundied miles beyond Hankow. She A. S. WATSON & CO., LD, got off safely without assistance.
SEEDS.
We have received ex. S. S. ROSETTA" our first shipment for this Season of VEGETA
BLE AND FLOWER SEEDS, and are now prepared to execute orders promptly.
CATALOGUES containing numbers and names of Seeds with HINTS FOR GARDEN- ING and other useful information, will be sent post free to any address on application.
Orders from one person $5.00 to $10.00, 25 per
cent, discount allowed. over $10,00, an extra $ per cent, discount allowed.
CLAY'S FERTILIZER.
A High Class FERTILIZER for POT PLANTS and for use in the Garden generally. It suppiles natural nourishment to the soll, and assists the process of assimilation, thereby -alding_the plants to witaln to their full size,
vigour and beauty.
I reference to the big fire of Wednesday night, we are informed that Messrs. Schellbass are not interested; the $3,000 policy which we mentioned is with the North Chin 1.000
11
By Istent accouous from the Yangt me the war vessels Zienst and Lion were at Hankow, the Presock at Webp, and the Pigmy and U.S.S. Monocacy at Chinklang. The full report of the Chamber of Commerce mealog of yesterday will be found in another part of this farve. We are indebted to the Daily Press for a small portion at the end of it. A REGULAR meeting of the Diligentia Lodge of Instruction will be held in Freemasons' Hall, Zatland Street, on Thursday, the azad instant, at 5 far 3.30 p.m. precisely. Visiting brethren are cordially invited.
THERE WAS a fresh outbreak of fire this after noon at No. 337 Hollywood Road, one of the houses buint last Wednesday night, but the firemen and police la charge of the adjoining premises (No. 8o Queen's Road Westf got under in a twinkling,
*** In response to numerous kindly inquiries and warm expressions of sympathy, the Editor of the Hongkong Telegraph takes this oppor toalty of publicly making most grateful acknow, ledgment, and will reply personally to the many atters be bas. received at us dirly a date as |vasible.
Tux Hongkong Tilsgradh fully approves of the decision anrived at by the Chamber of Commerce yesterday on the subject of Keswick's Share Bill, although it certainly cannot see daylight A CAPITAL Programme has been arranged for | through the arguments of Mess. Beli-Irving, the Gymkhana to be held on the 24th instant. Bellies, and Granville Sharp. We shall give our Vide advertisement In another part of this issue.views li to-morrow's issue. A RROULAR meeting of Perseverance Lodge, No. 1165, EC, will be held in Freemasons' Hall, Zetland Street, this evening, at 8.30 for 9. o'clock precisely. Visiting brethren are cordially
invited..
It may interest some of our rexders to know that Dr. E. Faber's valuable library of foreign books, including many works on Chine, wiit ba sold by auction by Mr. E. Hey at Shangbal on the 3rd of October.
THE Conndian Pacific Railway Co.'s Royal mail steamer Empress of Japan, Capt. G. A. Lee, from Vancouver, arrived at Kobe yesterday at 19 a.m., and left again at 8 pm. same day, for this port, va Shanghal.
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P
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7.53 per cent. 6.52 per cent. 6.63 per cent.
remarks and to contradict certain statements market, vizBanks, Sugars, Steamboats, which if they were left uncontradicted would leave Decks, China Traders, and China Fires and the a wrong impression with a good many people average retures of them are as follows:-
First half-year 1889 7.46 per cent. who have heard one side of the question only. Second
» 7.60 Whilst regretlog that so many personalities First 1890625 6 80 have been introduced into the debate by the Second different speakers, it is only natural that a mat Second"
First
1891 6.46 680 kicks back when he is kicked, and you will First.
18927.05 + therefore pardon me when I, on behalf of myself and the other sharebrokers, members of this Chamber, protest against the constant and mest unwarranted depréciation of our opinion and our vote with regard to the BUI, Gentlemen, I am sure every fair-thinking man most-acknowledge that we have as much tight as any other mem bers to express our opinion and to vole en a measure deeply affecting our constituents and | ouncives, the mare so as our knowledge with regard to this matter must be in many respects superior to outsiders who take only very tile Interest in the share business. You might just as well deny the merchant members of the Chamber the right to vote when a mercantile' question` In before us, or the Bankers when financial matters are under discussion. How the supporters of this Bl want to make out that it has had a beneficial influence on our stock market, Ivam at a lost to understand, since for many years we have not had de low quotations na lately, and though this is partly due also to other reasons. there is no doubt that the Share Bill has assisted materially in the depression of all stocks. It is only ustural that the value of a stock, merchandise, or landed property must depreciate if you do away with the demand,, and it is an old ute that prices must fall where the supply is larger than the demand. Bat, gentlemen, it is also a principle of national economy that the market in general and the proportion of supply and demand will find thele own level and withobi any such legislation ar this Share Bill. You will tell me that Leeman's Act proves the contrary-bat that is not so, as that Act has heen made for diferent reasons altogether not to rd a level for supply and demand but to protect the Banks' credit. Gentle men; if you think it necessary to retain the Bill for this
purpose, let us do it by all means, because we surely have all the same interests at heart, and that is to improve the bad state of affairs to the Colony; but do sway with the legislation" for other stocks and leave the 'trade free as before. It has been suggested by some people to extend the law to insurance shares also, but these companies take care of themselves by restricting the transfer of their spares. If you think it right to do something to
to check forward sales for distant dates, and thus curtail reckless peculation, I am sure you will meet with #general appRig=ro"?«commend that, for instance, time bargains for a period exceeding 3 months, be declared illegal, thus bringing us
I sincerely trust that we shall also be able Lancer custom ofthe London Stock Exchange, to do something in the Stockhr kers' Associa tion with regard to the signing for the cone cerned," which I will frankly admit has done a great deal of harm and has no doubt encouraged speculation, particularly by people whose means
positions were such as to make it updeal A CERTAIN Hongkong publication which pro-able for them to disclose their names. Well, leases to be a morning newibiber, same out gentlemen, we all have bought our experience yesterday(15th) without any of Wednesday night's nearly wrecked in typhoons and collisions, and no.end of other great events. Of courde, one cannot expect Granny to publish anything the same week it ha pens; but it would be only fair to acknowledge the newspaper from which she cribs. It is strange bat our mistake in the Supreme Court report was reproduced in the Daily Press.
The Wong Taol. Hi appeal care, which was fixed for yesterday in the Supreme Court, was postponed natil next week, and the Wong Taol Hi case which we reported, was not an appeal at ail, but a fresh case. These multitadineus cases of the poor pig-dealers are so bewildering that it is no wonder so many lawyers are a little insane.
THE proposal to send a rowing crew to Japan From the V.B. C. is not drapped, but will prob ably be carried out successfully. If the gentle man who wrote the Sporting Notes for the Daily Press, mentioning inridentally that he was one of the best rowing men in the colony, is rot to be among the travellers, probably that, fact is the explanation of his false statement that nobody was going,
A REGULAR Convocation of St. Andrew's Chapter, No. 218, S.C., will be held in Free-A-CORRESPONDENT want in know which of that marany Hall, Zetland Street, de Friday, the 23rd instant, at 8 for 8.30 am. precisely. glorious twain is the Apostle of Trath, and which
the other fellow-Mr. Joo. J. Francis, QC Visiting companions are cordially invited.
or Mr. J. J. Bell-Irving? We would plank ouf THE Hand of the 1st Shropshire Light Infantry money all that Hongkong special Jules have will play the following programme at the Barrack left on the bob-tailed-no, we mean on the learned Queen's Counsel, on this necasion. Mr. | Square, this evening, commencing at 7:30 pm. Bell-Irving slept far too long to gain publie cidence on the mere ipse dixit of what was once, but is no longer, the Princely-House.
Pulk....Wat Cher".
Quadrill Olympļa “on
¿Crook.
Willame Coote Newto
Talk of the night........... Willams.
Corila.
Vala Fantani
Schottische... Witchery
Lancers...
Vale........ Sembago
Marka.......Loves Greetings-Frist
-Quadrille Auf der Walden".Knobloch,
2001
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OUR remarks re the sudden Jump In Bank news-a big fire, a batbing latally, several shine dearly and let us take a lesson from it. It has 25th Jure, 1891, which appeared in print, and and the interest of stockholders und investors to
time:
of shares, particularly more importght and heavy stocks, having old phert in this! market, the amount is very much exiggersted and has been often do the imagination of the bulls only, who felt disappointed when they could not Accesfully carry through an expected comer. When in 1880 and 18go and even in the begin- ning of 1891 large quantities of shares were im ported into the Colony from London, It was salely due to the bulls rigging, the rates to Thus showing cleatly that when bulls and the fictitious, and high prices which induced the upper hand la 1890 and 1891 they were the Lordon holders of the different stocks to sell people who brought about the lower reining to and d you can no more blame the intermediate. lavestors and to those who wanted to favest. denies for taking up this kind of business than you can a merchant for buying goods cheap at home I bave a quotation list of different stocks before me which proves that right through tigo and the and selling them here at as high a rate as he first part of 189t there was a steady the in mast can obtain ; and the man who has most trade of the stocks, bat rates went over and above facilities and who is best posted, will make the their actual value, which is proved by the falling biggest profits. The principal cause of the off of the returns, or in other words, shares depression through which we have been were "balled" higher than was warranted by paning is that the balls have bought more the returns they were paying. Now, gentle shares than they could take up, and la men, we have been told by some of the sup- trying to ease themselves have been forcing porters of this Bill that it is on moral grounds more shares on the market than it would that they are in favour of it, but please allow me ¦ hold and that brought about the declino to tell you that it la a bridge to duhonesty which | in rates first ; and I therefore maintain that the has been built up Nothing in the Bill will pre- greatest enemy of the bona fide investor is the vent A from selling to Bhares for forward date, bull with his inflated and therefore fictitions without giving numbers, and if they are both values. Mr. Bellllos wishes to make a law to honest the transaction will go through without a guard against depreciating stocks, but the first bitch, but if one of the pales inkes advantage of principle of justice is impartiality and equity, the law and repudiates the contract, the other and why not therefore maku is law to guard side is powerless and cannot recover damages, against inflating stocks to fictitious values, at but nevertheless it remains an act of dishonest which the counding pubile is asked to come for dealing on the part of the man who repudiates, wird and buy ?--la this not like obtaining many But even when numbers are given, I will quote under false pretences? When talking of the you a case, which has happened since this" law Bôna fide Inventor who also taker advances from is in force, which will show you the great in the Bank I think the welter makes a mistake, equity and isjustice to the seller even when because to my humble opinion au investor is be makes a contract in strict accordance with person who buys with dis own money and by: the Bill. A sold to. B for several months ahead taking an advance, he becomes a speculator. certain shares with numbers some time before it is rather amusing to listen to the remarka the contract is due. A finds out that B, is ins of Mr. Bellies when he speaks of the bulls helpless muddle and utterly unable to clear bis as weak people who are enticed by the bears shares, but he is helpless in do anything with into making purchases by the xciting reports this parucular let tiff the duc dete, as the shares given out by them, and when he farther being already sold to one man are not at his dis-miere tells us that he has not bought posal to sell to another, and la a declining shares at inated rates, but has been an market he can do nothing but look on how his indifferent observer of the tricks of the bearing capital is from day to day diminishing Now fraternity, but as for bis arguments, there let us turn and look at the pictare from ste ne arguments and absolutely no reason the other side: a lot of go shares has gone in what he has mild or written. Another through half a dozen hands being bought and phrase in his letter reads :-" The bears have one resold with name and numbers, and the first well defined abject to make a pile anyhowand seller is unable to deliver, not only be but all leave the Colony to tell," but what in the object the other parties are liable to answer in heavy of the bollss do they buy to late? Or are they dan damages, and still it
it was. perfectly legal philanthropists who buy, solely with the view of business. Several speakers in support of the assisting their felow-creatures, the capitalists Bill have expressed their opinion that there and bolders of stocks, to increase the value of should be no speculation in shares; hat, gentle their investments? I need not say much more men, they surely don't intend to begin on this regarding Me. Bellllos' speech the other day as little dat in the ocean to reform the world?most points have been dwelt upon in my remarks, Where would the tride of the world be without but I would like to correct. the erroneous iden
that a merchant in selling goods "to aritze "38... Jelat Stock Companies, and where can soch companies be floated without the assistance of bound to give marks and anmbers. - I am sure. speculators 7 Even the investor, who is fempted that most of the gentlemen present here will by a considerable advance of bis stock to sell agree with my statement that in sales" to arrive? by such an act. The Financial News in the is only g ven and frequently not even the name out and harvest his profi, turns into a speculater generally the time limit of arival of the gor same article very properly remarks aboni speca- of the ship or steamer, but certainly no masies in which trade is carried on that does not attract Gentlemen, I will not detala you any longer, and lation. There is scarerly an anicle or an object and numbers of the bales, packages, or boxes. speculation," and nowhere in the world is legisla. I do not izlend to deal with Mr. Sharp's serio tion such as we have bere in Hongkong con- comic utterances, because he hits too far away. sidered necessary to protect elther investor, bull from the mark to bring bim within the scope of or bear, Gentlemen, Mr. Bellilos to his. sigumentation about the Share Bill. If you have- speech the other day, referred us to his letter of the interest of this Colony, at boast, gentlemen,
I have taken the trouble to read it again, and i
d I general, I I would ask your kind support to the bears were unnecessarily depreciating storks must say, knowing what we all know, it is a very | following amendment, which. I have much teresting study, after 15 months. have passed pleasure la proposing That in the opinion shares the other day bore, truth far quicker than
old by the supporters of the But that the we anticipated. A relapse from rog to of per
held by investors during the last share gambling cent. premium in twelve beure was significant
maria? but I think I can prove to you by p'nin by. On the face of it there is a strong prjadice of the, Chamber is desirable to continue figures that it is not so. A bine fide investor to "bears, but why abould he wittes lit fuch Ordinance 15 of 1897 in so far as concert
*
the The stack has recovered a trifle and is certainly
hitterness and harshness against this class of shares of banking institutions, but to exclude firmer than was the che vesterday, but, malgré
will always value his stocks in accordance with the annual return he receives, and it stands to people ? I can only imagine that he is like most from its scope all other shares, and that all the outspoken opinions of Mr. Chantrey Inchbald and Mr. F. de Bovis at the Chamber of Com
reason that he prefers such figurer which will mortals who do not like to lose a game, and very hugains or contracts for forward dates be limited give him a big dividend, and to avold fictitious few people can do so with good grace. "To stop los period not to exceed three months from the merce meeting yesterday, which are nevertheless worthy of the most careful attention, we are
sad tafisted quotations, and for that purporn speculation altogether is impossible, for it would time of their being autered into." (Applause);" sceptical as to the present high rate being main- MISS 5. KELLY & WALSH, LIMITED, have led the lovestor's only safeguard is the bear. mean the prevention of all business; yet it is tained. We shall be only too glad to find that from their Yokohama breech an elegant and The Loudon Financial News of the aand ale to say that it is not until it is dlicovered valuable work on "the Volcanoes of Japan," || March has a well written article out of which that business has reached a dangerous conditon for once we have erred on the right side,
by Profesors Milne and Burton, with a series I shall give you a few short sentences, as through over-speculation that it is reallied that THE German steamship Holstein reports, that of magnificent collotype plates from photographs they are as well adapled to our case as if the speculation has gone beyond its proper bounds, she left Saigon on the tith instant. Had south- taken in a superb style by M. Ogawa. Daly article had been written for Horgkong "At and then it is too late to save the position. But west winds to Cape Varella, with strong southerly the Grst part, dealing with the "peerless mou-regularly recurrent periods-usually just before the curious part is that nearly all legislative current; thence to the Paracels had easterly tain," sacred Fuslyama, has been publi-bed as or just after a financial or commercial crisis; attempts have been made with the object of des w Spacial quotations for large quantities, and, from there to latitude 21 north, bad yet, but if it is a fair ex mple of the other aam- when it is for too late for the application of any troying the one safeguard of financial affairs
strong north-east winds with heavy squalls and bers, there will be a great demand for the book, remedy-we have a sentimental outcry against Bamely the bear. It is conceivable, that in has any recommendation to offer. My very high sex; from there to part bad Eisent only as a reliable setentific treatise but is a the wickedness of speculation. At such time critical times false reports, act about by those impression is that what we are asked to do t weather. On the 10th fastant the day before work of art.
well-meaning but narrow-minded people demand, who desire a fall in prices, may bring on a panic, not to give our opinion as to what the Govern in the interests of what they call morality, the and do great injury generally. In France there ment ought to do and what alterations. In exist. leaving Saigon about 5 p.m. In a heavy thunder storm, the lightning strack the male top-roast
intervention of the law to prevent the scandals is a law which punished people for such deeda,ing legislation they ought to make, but to report head, and spilt a piece of wood about two feet long
and losses which inevitably result from over and it would do no harm't there were a similar what has been, as far as our kunwledge and and two inches thick out of the same, but
speculation. Just now we are passing through measure in this country. But it does not follow experience goes, the result of the Share Bill dur- fortunately not doing any other damage to the
such a period, as witness the endeavour in this that no one should be permitted to sell a bear leg the last twelve months. I think I am correct ship or to the Chinese passengers remaining on
country to prohibit dealings for future delivery because some of those who have done so are in that view. This is an applicaiton made to the deck under the awnings.
in pig-iron warrants and the resolution with unscrupulors. The argument if it be worth Chamber to sicerale from its members, and reference to bear sales recently passed by the calling an argument--has equal if not greater from information which is at its disposal, what SUNG-PAN, the scene of the latest anti-foreign
committee of the Madrid Stock Exchange. The weight as applied to the bull party. It might be has been the result of the Share Bill during the, that because A, having bought for a riso, | (welve months,. If I am mistaken ia that view outrage is anys the Shanghai fercury, an
attempt to make people moral-that is, in
report of a favourable character of the application made to the Chamber perhapu important Sarchnen city, close to the borders of
connecilen, to keep them, fom, speculating spreads a false Thibet, and 336 miles N.W. of Chen-tu. A fell
beyond their means has always been, and which induces others to purchase, and results the Secretary will correct me. What hat beca description of It will be found in Capt. GIF
always will be, a failure. As far back as 1610 eventually in a loss to them, no ball operations then, the operation of the Share Bill slace it wa a Dutch law forbade the sale of shares not should be allowed. As a matter of fact, the lles passed, or since it came into force in Octo› Ta book "The River of the Golden Sands* It
must not be inferred that Dr. Pantry, his wife Thru China Merchants Steam Navigation rom-Foiseased by the seller at the time of the sales of the bulls do far more harm in the long run ast? I feel, perfectly certain that there's no Miss Nilsson were in the riot described by our pany will no longer be placed at a disadvantage in 1697 transactions having more then three than the lies of the beams. They induce thought-man here who has any knowledge or experience Chen-ta correspondent, and which, we loans in Hongkong owing the want of a wharf ( Yet these measures did not avall to prevent wherass, all the bearish scares in the world and financial cheler who can say that, has had days to ran were made illegal by English law. legs people to invest and lose their money of what has been going on in the share market from the China Inland Mission here, occurred was the case last year when they were threaten. sa the agth of July. Dr. Farry and his partying to play Old Hary with the Canton the Neufellles failed in Amsterdam nor the cannot affect real merits, which, sooner or later the past twelve months or so. What has been the great panie to Halland in 1764 when can have, but a temporary indgence, and any effect at all except in own direc' fon during were on their way up from Chen-to
and only met Mr. and Mr. Turner coming down from les o from the Government of a large strip
1734, Barnard's Act, probiblied apitons in ralde denounced, and the public sentiment, for passed shares of all descripti'an were low It is pinin cannot have possibly been the one site of the old P and O. Wharf, right abreast of the public lands and gambling for differences, some occult season, is distinctly adverse to enough, and since that date ey have been falle referred to in the recent telegram from Singao, the Sailors Home, on which they intend to and, finally, Leeman's Act, in 1867, forbade bears. The resolution just passed by the ing steadily, and they have been owner a That is quite and her affair, but the inference is build a fi si-cinas hard and alegant laws belog more especially directed against the Ir a remarkable fatianes of this asti hear feeling have ever been in the Pastor of this colony, and bear sales of bank shares-there last twe commitee of the Madrid. Stock Exchange last six months at the low, it point at which they that there is a general and widespread outburii | downs without delay. If one or two prominent of anti-missionary outrages in places which hare Company penmotor and directers of public bears, whose operations were supposed to It provides that a purchaser for future delivery they stardily remain oft has heen win the
on a given day may compel Immediate delivery
difficulty that even best hitherto been comparatively friendly.
have cut out their Chineas rivals in this whart they had ?. We have had money panics in this from the seller by giving forty-eight hours strongest sincks, & perehter for the bed and companies hadn't been scund asleep they could damage the national credit. What effect have business, but they didn't, being too busy trying country almost every twenty years, and fre. notice. The gross unfaliness of such a rule; if and the market, has born in such be found who the disposal, of sod shiges in any particular fa 1771 1793, 1:97-when the Bank of England at the time of batch to procure the stock which points, 11 am correct in saying that that has
That contract thinks he has known,
suspended cash payments and three per cent. three weeks in Consols fell to 53–1810, 1875, 1830, 1847, 1866, he has to deliver, may find five minutes later | been the state of the market during the pan
In every one of these cases the crisis was that he has only forty-eight hours in which to do teriye meniks, how can it be said that thn, caused by over-speculation, which itself was the so1. The sole result would be that noece would | Share Bill since. It has been put into operation result of a prior period of great prosperity. Rexcell stock which he did not possess at the time of has benefited the calony in the leant dégress tions after a period of inflation are an absolute the sales to fact, it would effectually prevent braauen, 1 am sing that no one will say The higher the tension and the all bear operations, and thus do away with the that during this last twelve months or at the necessity. longer is kept up, the greater must be the chief cause of the stability of markets and the present moment shares can be much lower reffex action; and in proportion to the extent to negotiablity of stocks. The public will not than they have been ↑ “ Bearski have not been been carried and the ime of understand that every bear sile strengthens "bearing to put down shares. It was to stop speculation to be liquidated, so will the aftermath dra taxis the ball pollon, Had it been their operations that this Bill was par of depression be. Life has been said to be a possible to sell bears of Argentines, we should: 3-4 shares haya gana dawa day by day and are of speculation, and every business trans- net now be weighted down by the Mariels and now at the lowest point. But it was said by action contains the elements of speculation to Baring commitments. The fall very possibly the opponents of the Hill before it was passed greater or lesser degree. In France the Im would have been as great as it was, but the ree and when it was under consideraiton that not possibility of checking speculation has been purchases of the bout, would have enabled the merely would that Bill check the "bearing' of realised. After a series of laws, in 1785. Felination
1724
I masses of the stocks for which no shares the selling of shares that did not exist
clusion was antred at in 1885, when the validity prevent either bulle or bears maklog profits shares to deliver➡but it would also injure the of bargains for future settlement on the bourse by illegitimate means is all very well; legitimate busipens regularly done in shares. So far, sa wo canace, by lnference and by ez- 1840, and 1844, operations for the the position which it. Is intended to in 1836, account to the public funds and rallway shares Me B, hute bears seed have lava (ash) and he been the result? Of course. It stopped a declared p. but these measures were means, little 1" | “bearfog;?; but has its not also. Kuppedi abrogated in 1860. As in this country, so later on he says:-"The bear is liable to be your legliimate dealing in shares
entia In Germany
the Gambling Act can still be compered; here, however, with no bail to cops | rely ?. The absolute fact is that all dealing in pleaded; but, as we know, that Act is abros with him the hear can play with the market, as shares bus stopped dead during the last sion or lutely ineffectual in any transaction carried out he likes." "Now, gentlemen, 1 have no hesitas, ten months, and shares have gone steadily down by duly authorised agents on the Stock tion in saying that this statement is incorrect day by day and month by month. Tam per- In gold was forbidden We had balls here during the abure manta and fedly well aware, as is every gentleman bere, Exchange. Speculation
the United States in 1864, and only a year or very strong contingent too, and sabody knows the the financial position of the Colony and the 10 ago we had the futile attempts of the Argen. that better than the writes, of the letter himself, Anancial position of many of the residents of tine Government to reduce the premium on gold or for what other purposes were these syndicates the Calony has of course interfered with share by closing the bourse and refusing to allow gold formed whose unsuccessful career is more as operations very largely. We know that there to be quoted. In petiber case was the resnit ponsible for the present depression than any, have been absolutely no bayera (^), obstes, and what tras expected; for the panic cogendered by ibing else P. Gentlemen," that short-selling, han possibly many, possibly that, and that aidon, these extraordinary measures sest the premium taken place and will take place all over the world" may be the cause of the censation, of balc higher than every Now, I have taken on of where trade in carried oss i will not deny, but 1 Valineat Hot fait probable. So far as I can the principal dividend paying stocke in our ant of opinion, that when speaking of thouerade | securtain there is no avidians and way or an
Sold in tlos containing rolbs. each...$1.50. 281b1 ***$400.
RANSOME'S NEW PARIS LAWN MOWERS. $17.00 each.
A. S. WATSON & CO., LD.
4
THE HONGKONG DISPENSARY,
ESTABLISHED AD. 1841.
Hongkong, 14th September, 1807.,
For Sale.
NOW READY.
[PUBLISHED BY AUTHORITY,)
"THE HONGKONG DIRECTORY AND
HONG LIST FOR THE FAR EAST
FOR 1892.
THE lakong attached to Saarki-wan Station who displayed to mach pluck while eff clog the arrest of a notorious outlay on board a Junk at Shu-ki-wan whe hanged himself in the remand cells a few days after, as reported in these crlumns at the time, was this afternoon desiredy presented with brents medal, for gallantry, by Major-General Gorden, Acting Captain Superinterdent of Police, beirre a large number of European, i hlaese, and Indian mem- bers of the Force assembled as the parade ground of the Central Station for the purpose,
of
+
this
Mr. J Francis, Q.C., sald-Mr. Chair man and gentlemen, my friend Mr. Grote has asked me to second his proposition and I rise to second it solely for the purpose of putting it before the Chamber, because I am bound to say in the Grat place that I do not think that we are called upon to make any recommendation, and I do not know whether 1 agree with his view of the matter if the Chath her
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hare obtained the South tride) for they passenger that place several days after the outrage, which | the redained land immediately West of the on. Sen Babble smash in 1720. Later must tell Yet we continually : hear bear the state of the share market When it' men
་
A SERIOUS nocident, says our Shanghal morning
contemporary of the foth inst., occurred on the to corner the bears, and the sessie hat yet to be quently more often, in spite of this legislation. | carried into practice, is obvious. The stijfree stock has Jomped the market up five or ten.
gth outside Messrs. Boyd & Co.'s New Dock, when a heavily laden kerotana lighter fouled the bows of the bulk Minam, moored at the
THIS Valuable Work, with many NEW dock gates, and the steamship Sochow, which
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was moored-alongside of her.. The lighter got right across the two steamers, with a strong flood tide making early in the afternoon ; the abore-moorings (steel hawsers) carried away, and both verreis came right round on their heels, fouling to some extend the steamer Gadres, and nearly causing serious damage to the teamers Kwaiyang and Kwustlin in the vicinity, The Seochew had actually an anchor out in the but the large lighter: across the two stream, was 100 moch strala for the racerings. The vessels, with the fall rush of the flood-tide Soochow could not let go her cecond anchor with the kerosene lighter right under #; her anchor would have rendered a final secount of the kerosene and lighter, besides most probably drowning some of the Celestials on board. In
!
SUPREME COURT.
IN SUMMARY JURISDICTION,, (Before Mr. H. Z. Pollock, Acting Pulsni Judge)
September 16th.
THE "COPPIX JOLK" UPIL CARE; His Lordship asked Mr. Hastings if the costs in this case had been taxed, is the jurers have at the trial of the suit on Monday, writtin asking remuneration for their attendance
· Mr. Harting@=2, DIY.
Lord.
His Lordship-No arrangement was come to with the jurors?
which
game
a
bas
two.nr.
176, in the opposite direction, a final con buyers can get be found. Legislation to or the selling of Chaves by men who did not own
Man Ya Toag, Hollywood Road., coming round on her heel, against the dock, with Mr. Hústings—No, of course, it does not affect was expressly recognised by law. In Prassia, | but; to forbid short sales only pertence during the past twelve months; what
MACAO.........Moms. A. A. de Hello & Co.:
AMOT RÁ
Messrs. N. Moglie & Co, Ld. FORMOSA.... FOOCHOW...Mr. H. W. Churchill. SHANGHAI NORTH ERN FORTH
| Mesiri. Kelly'&'Walsh, Limited,
Shanghai.
(Meners, Kelly & Walsh, Limited JAPAN ............ Yckobam BANGKOK...The Slam Free Press Office. SINGAPORE, Busara Sayle & Co., Limited. PARIE and Hestri. Amédée Prince & Co
of to one
THE MONGKONG TELEGRAPH * Orics, Padder's Hill, Hongkong, January 23rd, 1899.
a strong wind blowing her pa to the lesshore, the Soochow twisted her rudder porty and had to dock, 102
> have her rudder unshipped and put in order again. This accident will probably cause detention of several days to the Sooches, and will wise detain, for some time, the sat
Name Com pany's steamer Keriyang, which was going into dock, thus cauilag a general inconvenance all round to the vessels concerned, from the lighter, which was the primary cause of the accident, to the steamers Sooches, Ghasis, Kweyang and Kwelling and the bulk aff the latter four vessels were all snugly and safely moored in the river when our representative called at the scene of the accident. ⠀ No lives. were reported all haylor bounds are prople on boxid the vessels nansad had a very lively and anxion time wälle is kastola
us so much at the defcedent.
make some allowarge for trem.
He Lordship. That it so. Probably I shall Mr. Hasting--I don't know what power there for granting an allowance. His Lordship There is power. A special order may be made,
KESWICK'S SHARE BILL AND THE CHAMBER OF COMMERCE, The following in the fall report of the sporches at yesterday's möndag 1-
Mr. Grote-Mr. Chairman and gamloysen, batera beginning to enter to the Alpension of THE SHAMBI MALE, 1 will to make a few
1
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