Inaccurate estimate both of the resources of the country and the character of the people, It is true that the National Debt has been any mented at a great rate of late years, but the revenue has been increasing more rapidly still. In 1902, the year which this report covers, in spite of a bad grain crop and the fall in silver, the exports and imports together showed au increase of two and a quarter million pounds on the total for tg, which was isself higher than the record of any previous year. A great part of this golden harvest is spun for the nation by the indefatigable silk-worn, an in- valuable if uncomely little creature which has deserved the grateful admiration of humanity far more than all the ants that ever got into a copy book. The very large export trade in raw silk finds a set-off of approximately equal | bulk in the import of raw cotton. To call Japan" the England of the East" bas become a platitude, but it is just when truths have be- come platitudes that they run most danger of being neglecled. The Japanese mills take eight millions worth of raw cotton, half of it from India, and pour the manufactured product into Korea and lapan, thus playing in their own sphere of the East exactly the same par as Lancashire's in the Western Hemis- phere. should not need to be emphasised how vita, it is to our own Imperial interests that close and friendly commercial relations should be maintained with a Power on whose custom a great and growing Indian industry depends so largely for the future.
|
THE HONGKONG TELEGRAPH, SATURDAY, OCTOBER 3, 1903.
Would it not be a popular thing if, at some seaside resort in Europe, the hotel proprietor fashioned his arrangements as they are fashioned at Mayajima?.
And when night comes it is so plea sant to feel we are really in Jasan-in our cottage in the wood there is no bed- strad, no toilette, no washing-stand-none of the accompaniments of babarism. No, when night falls, and we have clapped our hands loudly, the maiden appers, produces mattres- ses and rugs and a cushion from some room. and makes our bed on the floor in a corner of the room. No one who has not tried it can realise how much pleasanter it is to sleep on the floor than in a bed. I only know one arrangement that at all approaches it in plea santness, and that is to sleep in a cupboard in a Northumbrian cottage. Te the person of truly refined castes, a bedsteads an abomina tion!
And so we fall asleep in our coltage by the wood, which overhangs a murmuring stream. All night inng the murmuring stream told its secrets to the whispering leaves, and the leaves told back their secrets to the streant, and both of them told, some of their secrets to me.--- Echo (London).
FRANCE FAVOURS GOLD STANDARD.
"ו.
Curiously enough, some of the rays of radium are easily stopped by thin interposed substances, while other rays emilled by it have marvellous, penetrative power. Its effect on man intern ally has yet to be invesigated, although there even of a preparatug of radium would have fatal results, and it will in all probability prore to be one of the most dangernus and poisonous substances known to man,
ACCIDENT TO S.S. "PERLA"
is little doubt an xrmely minute quasily. This ves el, which belongs to the China anit (old) and $7 (new). William, Powells are to 35; Luou Kùng Mows at 35, there are further
harbour on Monday morning on board the S.S. A somewhat serious accident occurred in the Perla, 1,981 ton register, C ptain McGinty.
Hongkong residents, was the former Memuit Manila Senshi Co. and is well known to of the Eastern and Australian $ 5. Co. While
Shanghai at Tiš. 272). he had at $84. Langkats have been sold is
to the reduction of the metallic constituents of ] We (P.M. G.) have instanced Mexican Railway. [hat Lands are in demand at Tis. tog. A small | cash and 1371 Nov, on the 24th sales at 136 the glass. This patch produced is not metely in particular, but the position of all stocks parcel of Kowloon Lands have found buyers at cash and Sept. 135 Sept, r371 Nov, 139/138 on the surface, but penetrates through the glass; which depend upon silver is improved by the $35 West Paints are quoted at 530) Hong. Dec, 140 Jan., 145 March, The market is. thus a glass tube of bottle containing radium is rise in the metal, and the various Mexican kong Hotels have advanced and are in requeststeady and shares could be obtained at 136 for soon darkened. Owing to this action on glass, issues are benefited farther by the increase of at $147. Humphreys Estate are wanted at cash and 143 for March. Shanghai and Hong for application purposes, a small cell with a 15 per cent. in churges, while they stand to $10 and China Providents remain steady at Sof mica front is now adopted, but even then the benefit much more by the establishment of the
kew Wharves-On the 22nd a number of " substance must be kept a considerable distance
Cotton Mills.-The only business under this shares were placed at za rash, on the 23r new exchange basis.
head has been a sale of Ewos at 1s. 3o.. from the skin.
business was done at 120 Settlement; on the Cigar Companies-Sumatras are to be had 24th at 220/215 cash, and zzo Dec. Al closing at Tls. ga.
we quote it as the cash rate, although it is Miscellaneous-Green Island Cements are difficult at the moment to give an absolute still in demand at $12. A. S. Watsons quotation. $8 after sales at $74 Electrics remain at $17ported is in Ewos for Decemb ret lement at have buyers at $141. Watkins are wanted at Industrial Coltons -The only business re-
buyers of the latter at Tis. 35. Langkats.- Although the number of. shares dealt in this: stock during the week has not been large, a considerable number of transactions have taken + place. On the 18th the market opened at Tis, 270/272 cash and for September, 170/277) October 275 November 28 Decrinber On the 19ta et 275.September, Ocoter and Dec ember. On the 21st at 28 for cash 277 and 280 Settlement, 2857.811/280 October, 293 2673/285 December. n the 22nd at 27, 275 and 775 September, 275 October, 280 Dec- 2823 December. On the 24th at 280 cash and ember. On the 23rd 275 cash and September, 180 and 275 September, 282 October, 285 and 290 December. The market closes steady with buyers at 275, Sumatras have been placed at T. 51, 51 and 53 cush
true
THE AMERICAN “ COMMISSION
OF EXCHANGE"
Its practical application for industrial pur.lifting a stem launch, which was to be ship
ped on deck for Iloilo, with the aid of the poses only awaits some method of obtaining a more plentiful supply: then the speculations ship's gear, she sprang her formast and hes we have now indulged in will doubtless became day morning, was consequently delayed. The
departure, which had been announced for Tues Perla is now in dock undergoing repairs As every necessary precaution was taken to ensure the success of the operation, it is supposed that there must have existed some flaws in the stays which were the first to give under the strain. The mas broke off at the fort and flush with the deck, but for unately the launch, which was to be shipped, sustained no damage as it had only been lifted a few feet from the water when the accident occurred. There were no serious casualties although one Chinese stevedore was slightly contusioned by the broken strand of one of the stays.
AN EASTERN RHYME.
paper lante n. old Yamada, the carver,-worked at a tiny statue of the Sun Goddess; be who was tempted from her cave of retirement by a mirror-and as bis cuisel bit the ivory he croned a song of praise to the womanly divinity,"Old Japanese Tale.
FORTNIGHTLY MARKET
REPORT.
*
26th ult.
au advance in prices about 50 packages Cotton. A good demand exis ed, and with changed hands @ $25 to $26 per picul. The unsold stock is estimated at about 2,0co bales. Best China Mingpo was sold @ $30 per picul about 160 packages.
YarnAt the beginning of the fortnight market ruleil firm and an advance of $1 to $50 was established, latterly a rise in exchange had the effect of checking the buying and again the prices have gone, Ju the former basis. sales during the past fortnight comprise of about 7 250 bales out of which about 2,100 balas have been contracted for arrive. Arrivals during the fortnight of about 15,500 bales. The unsold stock is estimated at about 33,000 bales. Local Mill-Sales of about 400 bales of Na 10s, and of about 200 bales of No. 125, are re ported 101 and $103 respectively. Japanese $123 to $129 are reported.
OPIUM.
It will be noticed from a statement of the opium revenue to date, compared with the esti mates for the year 1913-04. that the receipts for Bengal and Bombay opium in September werd better than the estimates by, Rs. 22,23.675, estimate of 54 lakhs. It would be interesting. Malwa Opium-A good business transpired to learn how the estimators are so dreadfully and sales during the fortnight are New 18 cut in their calculations. In the matter is des chests $927 chests $970-25 chests of Bengal opium and 5 months pass duty on $930-13 chests $990,--Old 41 chesis opium exported from Bombay, it may be niced $1,000,35 chests Stie-7 chests that actual as ayninst estimated revenue is Ms. $1,023-14 chests (@) $1,030,-23 chests 60,4320 belter. Whilst this is very satisfact- at $jojo-Oldest. 17 chests at $1,070-47ory from a fiscal point of view and the Govern- chests at $1,08-15 chests at $1,090-30 chest ment of India are to be congratulated on re- at $1,100-6 ches's at $1,1:0-in all about 318 criving lakhs upon lakhs more rupees than chests The unsaid stock is estimated at about they anticipated it is unsatisfactory from an ac- *co chests.
countant's point of view and the value of any government estimate may well be questioned;
Rangeon Times.
Occasional dispatches have kept the public informed of the travels of our "Commission of Exchange" to the various capitals of Europe, | bus none of them have told us the nature of their communications to the courts with which they have conferred. A general impression bas gained currency that, whatever their sugges. London, Paris, The Hague, and Berlin... Ac.. zinns were, they were unfavourably received at cording to a Berlin dispatch to the London Times. however, the mission has securet at the currency of the countries which still main-Seated on the fat, in the soft-light-of-a-varn-Sales of about 1,100 hales of No. 205. the receipts being Rs. 76.23.075 as against an least an academic assent to the proposal that tain the silver standard, shall be regulat ed according to the system adopted by British India in the year 1893. That system was the discontinuance of the coinage the demonetisation of that metal, and its coir- of si ver for private persons in other words, age for Government account only. The pur pose was to reach the gold standard at some future period. In the meantime the Govern for gold at the rate of 16d. per rupees, and to ment agreed to give silver rupee in exchange receive gold for laxes at same rate; but no promise was made to give gold for rupees t any rate whatsoever. No such promise has yet been made, but the Government How gives gold for rupees at that rate, or at the current The French and Russia s considered it pre-rate of exchange on London, which oscillates ferable to establish uniform system in China by around 16d, within narrow limits. The status beginning on a silver basis and afterward raising it to a fixed gold value, than begin on a
of the upte is much the same as that of our silver dollar. Both Goverments promise to redeem their legal-tender silver in taxes, and this kind of redemption suffices, for. the present to maintain party. Whether it. would suffice under all conditions of trade and industry, is uncertain.
A Paris wire says that report of the French The growing need of Japan for Korea as a
experts appointed to confer with the United permanent market is a strong contributory States Monetary Exchange Commissioners has cause of the increased importance which that been delivered to Ambassador Porter. It con distracted peninsula is assuining in the sphere tains a note from Foreign Minister Delcasse, of Far Eastern politics. As is pointed out to saying Farnce is not prepared to express bend. day by the unknown but unusually well-informing cosculsions until she has consulted with ed Russian correspondents who have succeed the powers: The report, endorses the principle ed the expelled representative of the Times of a gold a standard for China and other silver in &. Petersburg, the attention of Russia is using countries, but it points out that the plan being steadily drawn away from Manchuria is positive only under judicious control of the and concentrated more closely on Korea. It is coinage by the government and the creation of recognised by the Russians that to assent to Japan's gaining a foothold upon the Asiatic ratio for the Orient, fixing the fare value of an adequate gold reserve. It favours a coinage mainland by any occupation of Korean silver slightly, above its bulion value, similar territory would be to jeopardise the whole" of to the American system in the Philippines. Russian interests, both political and commer- The French Commission makes reservations cial, in the Far East to a degree which cannot upon the proposed regular purchases of silver; be contemplated for a moment. On the other on the ground that it is impossible to foresee hand, Japan's commercial energies demand in the country's need for, subsidiary and colonial Korea a permanent field of expansion, and she coinage. Semi-official advices from Russia perfectly well recognises that her chance of indicate that the commission appointed by securing that free markel, once the ports have Finance Minister Witte has made a similar passed into Russia's keeping, would be small, Korea is marked out with unmistakable clear- ness as the field of that conflict which seems to be impending between the two Powers at no distant date. The Japanese Press and people are eager for forward measures, while the ap:gold standard immediately. pointment of Admiral. Alexieff has shown, on the other hand, what Russia's policy is. It does not need any very abnormal exercise of the powers of reasoning to perceive that the mind and pacific attitude which Russia is this time adopting in the Balkans is very largely due to préoccupations in a remeter and more important sphere.—St. James's Gazette.
JOURNEYING IN JAPAN
OFF THE BEATEN TRACK.
We were in Kyoto, the ancient capital of Japan, and Slapshot was my travelling com panion-an excellent fellow, but mad on one point quite mad on amateur photography. His life was practically the protracted develop ment of a negative.
conclusion.
WHAT RADIUM MAY DO,
scientist of to-day dreams that exceed in fan-secure the assent of any number of countries The discovery of radium has brought to the Now it does not advance matters for us to tasy those of the alchemists of old. The posto the currency system of British India. We sibilities of this wonderful element, of which at have already passed beyond that stage in our present we know so little, are almost beyond Philippine eslation. We have adopted for conception. Leaving the scientific and physi- the islands á silver coinage of full legal tender cal problems that are at present agitating the plus a subsidiary coinage of limited tender scientific world out the question, let us both to be coined, issued, ad redeemed in consider briefly, and in plain language, the con-gold by the Governnient. This is an experi- "Let us," said I to Slapshot, "get away as..ceivable possibilities of radium in the indus- ment involving needless expense ard of very soon as we can from these Western bar trial world, and its probable effect on man. doubtful utility It could never have passed barians."
Judging from the results f the most recent in Congress but for a Quixotic attempt on our part vestigations, we have in radium a body that is to help Mexico in her financial nuddle, and at continually giving off heat, and that constantly the same time to "do something for silve:." The maintains a temperature of five or six degrees Commission' of Exchange" is the nu come of Fahrenheit higher than its surroundings, the latter proposition. At the inviance of a Here we have a concentrated energy in the Silver Senator it was engrafted on n'appro- smallest possible bulk that is both lasting and priation bill in an atteonated form, after it has constant. The practical uses of such a body been rejected by the House in its daginal in the industrial world would be illimitable, sh.pe. The questira of immediate pertinence, and would revolutionize all known methods of however, is: How will it help us, or the locomotion and echanics. It is probable that Filipinos, if we s cure the assent of other a few grains might provide energy to drive our incomotives, motor-cars, and mechanical en-
nations to the financial policy of British India? gines and carriages of every description. With and is not likely to withdraw it. We have no Great Britain gave her consent to it in 1893. a minute quantity of the element properly em need to ask her co-operation in doing what she ployed we may in future be able to heat our has already done. If Mexico desires to follow houses throughout, and keep them at an equ able temperature. The domestic cooking.
the example of British India, the way is open for her to do so. It is not necessary for her to would be done on radium stoves, while electric ask the permission of Emperor William or of generating-stations for lighting and purposes
Gear Nicholas. Equally needless is it for us of locomotion would be driven by the same energizing force.
Ah, well, it's a great thing to have some hobby. I pity the man who is interested in nothing but his daily business. I would rather have a hobby for collecting walking sticks or stamps than na hobby at all!
We were in Kyoto, and, of course, like all foreigners, we were in a foreign hotel. It is true I made my life there as un-foreign as possible. I made friends with the excellent pro- prietor of the Yaami, Mr. Inouye, and got him to s. nd me Japanese breakfasts and dinners to my place in the public dining-room; and it was funny to see the western barbarians stare as I manipulated my chopsticks, and revelled in such things as seaweed and cute-fish. I gave one western barbarian-o nice young English girl who sat at an adjacent table, a bit of daikon a kind of strong-smelling radish-as a specimen of Japanese food. She put it, gin; gerly in her mouth, and then fell fainting on the floor.
WESTERN BARBARIANS.
..
But still, though I had these delights, it was a foreign hotel. I had to sleep on a bed, there were tables and chairs, and there were the western. barbarians all around. We were in
Japan to escape them and their ways; to enjoy the civilisation of the East. Therefore, I said to Slapshot, that we had better escape soon as we could.
The application of radium to motors would solve one of the chief difficulties of aerial flight, and, in fact, dreams beyond conception may be rapidly conjured up as to what radium may
do.
The carver while bending o'er his work is
sofily chanting A soft Eastern song of the lotus flower and
sunbeamt.
With a sure hand now guiding the chisel,
life implanting
In the ivory-he carves the Goddess of his
dreant.
Each in turn from out the shapeless black,
the master calling, Now under his small, nimble and swiftly
moving fingers,
Fine embroidered draperies in graceful
pleatings falling: -
With care on rounded bosom and curving
waist he fingers.
The wishes of the thinker his hand is fast
obeying
Master the inertness of dumb matter what
elation !
Now he takes his softest sponge, the chisel
asile laving,
And polishes with patien: joy the Thing-
His creation.
Below the godly forehead two narrow eyes
are peeping. Asking the ancient question, Sphinx-like,
without resentment.
Around the pretty pouting lips a gentle smile
is sleeping,
That seems to breathe an answer. "In life,
Man, find contentment;
Bon-ke-mat.
COMMERCIAL.
WREKLY. SHARE REPORT. Messrs. Ericht Georg & Co, in their weekly share list dated 10-day, state-
The condition of our market has remained
..
ondon for demand
unchanged and very little business is reported The Sterling Exchange on is 1/10 5. and the Shanghai ates are Tls 72) for 3 T/T, and Ts. 72) for a three days sight Private Paper.
Shipping Shares.-: Cantons and Macans were dealt in at $32 and $33, hat closing akain to introduce her envoys to the Imperial pre-weaker at $324, sellers; Irdos have dropped sence for that purpose.
during the week both here and in the North; the latest Shanghai quotation is Tts, go buyers, whilst loc ly the shares are quoted nominally at 38. Chinas and Manilas have dropped to $18 and S13 respectively; Douglas Steamships are out of favour and on offer at $31 ex divi- dend paid on the 28th September, Sheli Transports are in the market at £1.75. a.
Refineries-The quotation for China Sugars, viz 898, is mere or less nominal. "
Docks, Wharves and Godowns.-Whampoa Docks are being offered in the market at $106; Kowloon Wharves are wanted at $87, but no shares seem to be obtainable under $88. Farnhams are quoted from the North, Tls. 136 buyers and Tis. 137 sellers,
Writing under yusterday's date, Messrs. Benjamin, Kelly & Potts state:--
Practically nothing has been stirring in the share market during the past week and the very small amount of business put through has tot been marked by any great charge in quota. tions. The September settlement passed off satisfactonly.
If our "Commission of Exchange has had the purpose at any trane to ask foreign Govern ments to enter into a joint agreement with us to maintain parity between gold and silver at ratio, that would be an attempt to accomplish The first great difficulty to solve is how to what the three international monetary con obtain this remarkable element in its pure ferences of the last century failed to do, or state, for up to the present all our knowledge even attempt. The difficulty would be is derived from the effects of its siis or com- pounds with other bodies. The chief ore from chief factor in the agreement, her silver much greater now, since China would be the which radium is obtained is pitchblende, but currency being greater in volume than that of the quantity it contains is so small that only Mexico, the Philippines, the Straits Settle- about three grains can be extracted from a ton ments and Tengking added together. Who of the mineral. Better methods of extraction is to underwrite any agreements made by are now being patiently studied by scientific the Empress Dowager, or any other polentate So we summoned a ricksha man and got investigators. But apart from the possibilities of the Celestial Empire, respecting coinage' or into a ricksha, and were bowled through the of radium from an industrial point of view, its anything else? But is not necessary to ge interminable, mazy streets to the station-effect on the body of man, owing to the pecu- to Eastern Asia to find an example of the streets where every shop is a picture of delicate liar rays it emits, is not less remarkable. These regulation of the monetary systems of nations cofur and tasteful' arrangement. We secured peculiar rays have recently, been proved to have by munal a:reement. The history of the gents in the dining-car, for within the a very extraordinary action an' diseased tissue. Latin Monetary Union stands out is a per- past three years Japan, whose railway system Aleady three distinct kinds of rays we dispetual warning against such experiments. Not only began 30 years ago, has dining-cars, tinguished, namely-(0) Infinitely small posi one of the countries in that Union could be sleeping-cars, and every modern arrangement, tively charged atoms of matter, flying at great induced to enter it now, if they were well out Indeed, the trains are far more comfortable speed which can be measured, and the result of it; and France least of all. And what is the than English ones. There are none of the seen by the bombardment on zinc sulphide likelihood that we, the United States of America, closed compartments which constitute such an screens: (1) rays which appear to correspond would enter into an agreement with Mexico, inconvenience and danger here, but one can to the cathodic ways in a Crooke's tube; and (3) Chino, or any other country to guarantee the wile away the journey by walking from one rays which correspond to the X-rays.
parity of gold coms and silver coins at any end of the train to the other; and the civil
ratio or at any number of ratios? The idea is little attendant in his white jacket is always
preposterous. Not to examine the financial con: busy dusting and brushing and attending to
sequences, which are not easy of apprehension to the mass of mankind, let us ask what would be the effect upon our political parties. If such
Marine Insurances-Unions have further a treaty were brought forward by the present improved and sales at $320are reported. China Administration, Mr. Bryan would immediately Traders have been sold at $611. The Canton clann it as an endorsement of his policy. by
Insurance Office bas issed its final accounts for President Roosevelt, and D-mocrats would
the year 1902. The result of the year's working naturally favour the mufication of the treaty
is a credit balance of $360,551.90, out of which City platform. The Republicans for the same as being in general barmony with the Kansas proposed to pay a dividend of $15 per share, add $50,000 to reserve nd, appropriate reason would oppove it and this issue might $50,000 for the formation of a re-lusurance overshadow everything else in the next national fuld, and carry forward ile balance of Brio $51.96 10 1903 account. *hares have changed hands at $183 and $187), and are still inquired for at the tugher price.
Fire Insurances-Hongkong Fires have been sold and have further sellers at $325. China Fires can be placed at $89.
the wants of the travellers.
A CURIOUS SIGHT.
Our Japanese fellow travellers take off their boots and shoes and squat on the seats. It is one of the oddest things to see a railway car riage in Japan full of selemn rows of bools and shoes of all shapes and kinds-the gela, or sandal, that some old-fashioned person still wears, standing by the side of a tall pair of military boots which some officer has removed, and the uncomfortable way in which they ga to, sleep-bolt upright, the forehead pressed against the window-so they slumber; and often you see the devoted wife gently rubbing the husband's forehead to make him doze. With the oncoming of the summer
are
at Miyajima-the mysterious, sacred spot where the temple stands out in the sea. Then in the distance loom the great torii-the trans- verse pieces of wood which stand at the en- trance to every Shinto shrine. Why they are there and what they are derived from no one knows exactly.—To my mind it" is most pro bable that they were first put up for sacred birds to roost on-tori being a Japanese word in the summer twilight, and speak of ancient for fowl. They stand out weird and mysterious things. You wander down to the sandy beach, and embark on a junk, which, with one large, flapping sail, ferries us over the lagoons to our Βιστεί.
THE REAL JAPAN.
And this hotel, on the shore of the lagoons, beside the great great torii, is unique. It is no compact building in European style; it is not even the ordinary Japanese house. It is just a series of chalets built here and there in a great leafy wood. We assemble at no common table; we dwell under no common roof: we each have delicate little wooden coltage to ourselves, Whereto the musume (maiden) brings our meals.
When the surface of the body is exposed to these rays a peculiar action takes place, which in healthy tissue takes the form of a burn, while in diseased tissue, as in cases of rodent ulcer and lupus, distinct beneficial effect is produced. in two cases of cancer treated in Vienna with local applications of radium, the disease is said to have disappeared, and other cases are said to he progressing favourably. In a case of lupus in Scotland, four weeks' treatment caused the disease to disappear, while in another case, more recent, of rodent ulcer, under the influence of radium the discharge soon tied up, and within a fortnight improvement was evident, But it is too soun yet to judge if these remark. able results are permanent or not.
election.
MEXICANS AND SILVER.
We need not pursue this matter further unit In applying this marvellous bely it seems we learn exactly what plan, if any, our "Grm- almost incredible that it should have any action-mission of Exchange" has proposed to forcin without being removed from the hermetically. governments. It may turn out that they have sealed glass tube which contains it. Neverthe proposed none.---The Nation. less, such is the case. There is something weird, and even awe-inspiring, in watching the action of this invisible force, which will even pass through metal over an inch thick. A tiny particle of rudium-bromide weighing only the twelfth part of a grain will visibly discharge a gold-leaf electroscope when placed within a distance of six feet. Taken into a dark roon, touches an X-ray screen, and e,en when it brightly lights up the spot where it nearly sheet of metal over an inch thick is placed be tween it and the electroscope action still takes place.
The Canton Insurance Office, Limited, has advertised its twenty-second ordinary general meeting for the 22nd October. The transfer books will be closed from the 8th to 22nd just, both days inclusive.
Banks-longkung and Shanghai Banks have been negotiated during the week at $635.. The London quotation is 405 10/-. Nationals are unchanged at $28} *
Shipping Hongkong, Canton and Macao Steamboats have again been dealt in at $32 Indo-Chinas have weakened to $82, and China and Manilas are in the market at $18, It being quite generally anticipated that the Douglas Steamships are procurable at $33 ex. Mexican Government will be able eventually
the dividend of $3 país on the 28th ultimo. to carry through its proposals for a fixed ex-Star Feries are offering at $.61 and change basis for silver, it follows that its silver $16 for the old and new shares respectively, live possibilitis. The recent rise in the Phai Tugs are unchanged at Tis 58 for the securities are possessed of considerable specula-Shell Transports continue weak at L1 2,6 Taku Tugs have inquires at Tls. 38. Shing. of silver has helped by raising the average value of the Mexican dollar. Silver will pro ordinary and rs. 5o Ir the preference shares. bably go back when the Eastern. coinage Refineries.--China Sugars are obainable t Another investigator has found that if a tube requirements are net, but the benefit has been $98. Luzons are without business. containing a minute quantity of radiumbromide, felt, the Mexican dollar being 30 per cent. is wrapped in black paper and brought near
Mining.--No transactions have come under higher than it was a year ago. During the
our notice. the eye in a perfectly dark room, the eye seems first half of this year the Mexican Railway had to be filled with light, which is duelo a general an increase of $254,000, a great part of which fluorescence of all the structures and fluids of it is expected will be saved in net. The the eye. The same effect is produced even accounts for the half-year are not due for a when the eyelid is closed. If the tiniest parti cuple of months, but there should be a cle-of tadium is placed on a piece of glass and material increase in the amount available for allowed to remain, there for two days or so, a the First Preference stock, which is therefore dark patch is produced, which is doubtless due in a very Interesting position speculatively
Bengal Opium. A fair business transpired and sales are reported of aidut 6an chests at $4,100 at $1,10. Benares about to chests at $1,100 at $1,1972. The unsold stock is about
1,228 chests.
י,
Persian Opiem.—Cheap rates induced busi- ness and sales of about 108 chests are reported at $750 at $840. The stock is estimated at about 2,423 chests.
Miscellaneous quotations!- Borax ....... Ivary$220 at $625 Sallpelte.$ta at $11
17. 19 Olibanum.
27 Cassi Camphor... 110, 125 Cloves.......
12. 2 Vermilion 87 Senna.... 1 4
YARN' MARKET REPORT.
TO-DAY'S EXCHANGE.
ON LONDON, Telegraphic Transter...... 10
Bank Bills, on demand...ho 5) 6 Credits, 4 months' sight to 1/16 D'inents 4 months' sight ro 13/16 ON BERLIN, (demand)
1891
231
ON PARIS, Bank Bills, on demand
Creslits, 4 months' sight.
37
D
25
ON NEW YORK, Bank Bills, on demand
Credits, 30 days' sight
ON BOMBAY, Telegraphic Transfer. On demand
384
Подать
40
31105
17 60
In their fortnightly yarn repart, dated 26th ult Messrs. Cawasjee, l'allanjee & Cu write
ON SHANGHAI, Telegraphic Transfer
Private 30 days' sight ON YOKOHAMA, T.T........ Sovereigns, Bank's Buying Rate. Gold Leaf too touch, per tael
Bar Silver
OPIUM QUOTATIONS, To-lay's quotations are as follows:- MALWA NEW
LAST YEAR OLDEST ...... PATNA NEW....... HENARES NEW PERSIAN (Paperi..
14.
Per herst
(@) 900/940
@980/1,020
1,061,090
1,100
1,100
. 750/830
Since the issue of our last circular dated the 11th instant, our yarn Market, owing to a drop in the rate of exchange, the importers remained firm, and the Chinese speculators in anticipa tion of a further decline in the rate of exchange, with an advance of St. operated fairly both for | spot and to arrive, and a good business trans. pired; latterly a, rise slackened business, and prices again receded. The clearances during the period were good and large. The market closes steady. Sales during the fortnight com- prise about 50 bales of No. 85.-3,80 bales of No. 10s. 150 bales of No. 175-375 bales of No. 16, and 1,575 bales, of No. 20s.; in all bales contracted for forward deliveries. Arrivals about 7,250 bales, out of which about 2,100
Coromandel total about 15.500 bales. Ship- ACCORDING to the Trikio Asahi, Ra sia is.
er steamers Ki-sui Maru, Namsang, Franz Fredinand. Grigory Apcar, Maragon nd
ments in Shanghai and the Northern Ports about 3,000 bales. The unsold stock is esti-uying up the shares in the Kaiping Co..
A PROCLAMATION is published in the Gazette declaring Newchwang an infected port.
mated at about 33,000 bules.
Local Productions :-Sales of about 400 bales. No. 123. at $103) are reported. of No. 10s. at Stor, and of about 200 baules of Japanese Yarn:-bout roo bales of No. 20s, changed hands $124/29.
Exchange:- Business was done for the mail on India at Rs 138 %. London at Sh. 1-10d.
FREIGHT.
The dullness in the freight market becomes very marked with the diminishing numbers of charters effected. For the week ended to-day fallows only four settlements have to be recorded as
LOCAL AND GENERAL.
THE battleship Giory left for Singapore" this morning.
A LIGHT DRAFT gunboat, the Uji, for service on the Upper Yangtze, has been completed at Kure.
IT has been announced that the foreign claims against Venezuela amount to forty-five millions of dollars.
THE Government is advertising for tenders for erecting the superstructure of the new Western Market in the City of Victoria.
: German steamer, 719 tons, Newchwang to THE Nippon Marine Insurance Co. has Canton at 23 cents per pcl. (18,00 pels.) declared a dividend of ro per cent for the year German steamer, 1,184 tons, Iloilo to Yako-ending the 31st of August last.
bama, $6,000 in full,
Norwegian steamer, 788 tons, Saigon to 1 port Philippines, 20 cents per picul (prompt). Norwegian steamer, 1,910 tons, Saigon to 1/2 parts Philippines, 20 and 23 cents per picul.
· HEMP AND RICE.
Writing from Manila on 15th ult, Messrs. Warner, Barnes & Co. Ltd. state-
Hemp-Since nur last issue, market has both dollar and sterling prices have advanced. ruled very firm with an upward tendency, and
and althougth, as we close, things are rather Fair current has been sold @ $20 per picul. quieter, there are no sellers at under this price. Delers have been disposing of stocks arriving ard to arrive, and we calculate there are only at the moment a few thousand bales free. Receipts are normal, and although there are do not anticipate any appreciable increase in reports of Albay restrictions being raised, we. arrivals for some considerable time. We gunte fair current & 520 per picol, equal at exchange 1/11 to 36. 16. 6 per son f. o. b.
Rice-Heavy arrivals have affected local prices causing a decline of 181 cents per picul since last issue. Saigon market is slightly weaker owing to absence of demand, but the general opinion is that if any inquiry arises prices will more than recover,
THE Rt. Rev, D. J. Dougherty, Bishop of New Segovia, Philippine Islands, arrived frony San Francisco per the Korea on Thursday.
H. E. the Governor has been pleased to accept the resignation by Lient. J. W. Graham of his commission in the Hongkong Volunteer Corps,
A LARGE Consignment of the new Sualis dollars is said to have arrived at Singapore from tombay by the P. and O. 5.5. Corant
el.
Navigation Co. will make Port Swettenham a It is reported that the British India Steam port of call from and to Ranguon and Chinese
ports.
......
THE Courier de Haiphong has opened a cam pain against the chilties established in that part and calls up in the Government to expel? these usurers.
AT the Hanoi Exhibition the big Chinese' Cotton Mills at Yangtsenon, were awarded a gold medal and a diploma for specimens of their cloth.
MR. G. W. F.. Playfair. chief manager of the National Bark of China, and Mrs. Pirvfair arrived from Vancouver on Tuesday per the Empress of China.
THE time during which foreign insurance com- nanies doing business in Japan must deposit bonds or security has been extended to the 31st of January next.
SHANGHAI MARKET REPORT.
Messrs. J. 1. Risset & Co. report onder date 25th ult. as follows:--There has been a lile more activity in our market during the past week, a fair business being done in Farnhamis, Langkats and Wharves. The rates have re- The last of the fifteen vessels constructed by mained steady in the two fist stocks, but the Meses 5.C. Farnham, Boyd, & Co., Ltd., for market for S. & H. Wharves has been exceed. | the Philianine Governmen', the Pasay, was ingly erruic, and impossible to guage. A very successfully launched. larve lot of shares came into the market for
up in the September Settlement, and this is from fifty to sixty new cases, being reponed sale which would otherwise have to be taken, BUBONIC plague is very bad at Newchwang, largely responsible for the decline in rates..
daily. The Russian authorities are trying to
Shipping: Jair business has been done in Indos a steady rites, although the market stamp out the epidemic. forward has been weak. September Settlement shares have been placed at 62}, on the 18th; THE E. and A. Company's steamer Australian, and on the roth. December Settlement shares which arrived on 34th ult., brought a box of were placed at 61]. On the 24th 61%, and 1 5.400 sovs. for Port Darwin, and it boxes con- were done for eptember and 6z for December, | laining 7,8to sovs for Hangkang, 24
Docks and Whatves.-S. C. Farnham, Rayd
Docks, Wharves and Godowns.--Hongkong and Whampoa Docks have ruled quiet and are on offer at $.06. Farnhams keep steady with further sales at Tis. 136. Kowloon Wha is are wanted at $87. Hongkow Wharfs can be placed & Go in the 18/19th rash shares were piced MRS. Y. Wills, assistant inspector of Forestry at Tls, 212.
at Tls 3. On the 21st cash and Set, shares in we Philippine Islands, was devoured-by Lands, Hotels and Buildings -Hoogkong were placed at 135, and 136; on the 22nd at alligators whilst bathing in the Rio Grande, at Lands have been disposed of at $1523. Shung. | 1361/136, and 140 for fun the 3rd at 136 Cotabato, in the island of Mindanzo,