286
In examining these statementà It will be an ♥ Excha uselatance to us-w-bear-in 'injod' the amount, LRT of gold which has been produced by the mines 1. Sbang of the world during the ten years we have under consideration," - In, hund_numbera the estinate in 45:00,000. The figures before. us of the gold coleges account roughly for the uss of 345,000,001 out of thi Various... timates have been made of the amount of gold | employed in the industrial arts of ornaments, and other purposes. It is estimated that the total value of the ten years used thus would amount to 150,000,00 Broadly speaking, we may believe these figures to be correct, meanwhile, there is another point to be con sidered. While the stock of gold in the world appicors, during the last ten years, to have in creased £345,000, the amount of silver used as standard coin has diminished L116,000,000.
This includes a diminution of about £100,000,000 in the value of the coin circulat ing India, and in the-Straits Settlements, At the silver coin which has dropped out of circulation was "andard money, the general effect of the stock of the legal tender" money Increased in metal is that. Instead of having 4345,000,000, it has only increased £220,000,000 or £230,000, we are thus brought to the conclusion that, of the immense amoun2" or gold discovered within the last ten years only about half has practically been added to the actual circulation or to the gold reserves of thie- principal counties of the world. Questions are sometimes asked as to the effect of the recent discoveries of gold upon prices. It has been expected that such enormous a iditions to the ciiculating medium must be followed by an increase in prices. According to the Quantity Theory of Manny" this should happen as prices are determined by the rela tion between the demand for, and the supply of money, The demand consists in the offer. ing of gouls for money; the more goods wis offered, the greater the demand. The supply consists of the money-pieces, whatever their material or form, available for the pur- chase of goods,
|
THE HONGKONG TELEGRAPH SATURDAY, OCTOBER 7 1905.
LANORATS."
MARKET
Writing in the China Grestle of the 22nd ult., its correspondent on the rinito say
When we wrote nur laię report a few weeks ago we said that the share market was defunct dead. That was not strictly true; it was only moribund, and during the past week it has i.cen very much alive and kicking. The "shorts" have been "kuk-d"-and-there will be many a sore back in a few days time which will cost the patient dear. Witheus recapitulating bus ness done in the ordinary way-Lands, Gas, Tugs, Astors, etc., elt, the price of which have remained practically unchanged, we will confine ourselves in the great gamble of the day Langkas.
Owing to the fact that the price of kerosine oil since last November has been a very low one, the Langkat, company has been unable during the past year to pay their ordinary* dividends, agregating Tis, 35 for the year, and since last October they have Kerefore only paid :--
13th December 19:4,
Tls. 5.00 15th March 15th June 15th Sept."
1905 140.
* 7.50 4. 1.00 1905 " 2.50
In all Tls. 20.00
and investors argued that s
for a pre. they carious undertaking like the exploitation of kerubine wells, required at least 12% on their investments, they could not prudently pay more than bnat Tis, 175 per share, and the miket gradually dropped down to the figure during July, and when a dividend of only Tle, 2.50 was declarcil for the quarter ending i5th Sep. ember last the price of shares even fell ip Tis
160,
LOCAL AND GENERAL
|- CLAIM Arising out of the Au
has been disposed of TA was at one
the man
to Tís. "230"only" to ride" gubito: Lis23/jE 2331 and Tis 695. At the close after lo wanted at T18-240." "October sales are quoted" (REAR-ADUIRAL. and Mrs C..G. Dicken leave, Chang Su-ho at Tis, 230, TIK 2331) Tis: 127) 236,515,1971; fer Furope, to-day on board; of the P. & O. Tacis. 2381 For November small sales FUETI, 232), | 01: Nubin,
Botha ground that 149; December hay claimpul the grealest alten.
w "putting the boy tion at the following: Fates 2-Tin. 237),132|, | THE Hongkong, Volunteer Corps, will form, A. and Inciting. Tlu. 235,337),240,837),#35,032). TIK/9534,715. Capip, of instruction, at, Stonecutters Island, amplay. The přilntif, a Mr. Mooser, got judg 111, 240, T11. 2431,145, Th, 241, Tir, 2371,140, fmni the 14th 10 goth faster.
ment for, Taeis 1,000 and coits 2421
and
Bud.
In their circular, dated and oft, Mesira. W G. Hale & Co. Saigon, state-Since our last advices Japan came upon our market very denly, and bought up very large portion of the stocks in Chalon, This caused our prices to rise very considerably, but Japan having retired and the demand from other quarters being anything but brisk, every second day for the last fortnight has been a decline in pric which are yet, however, too higli, to permit of any business.
RAUH GOLD: MINE,
ants to leave h
Conag
tlons ventu of the Yokana
„Tits,Shanghai Municipal Council has issued a fem notification to the effect that from: The rat inat. A CHINSAR bricklayer was busy at work on a those who ride in private rickshas will not heacaffiding on Monday at the third toley of allowed to use why gong or special, signal No. 8 Connaught Road, when he slipped and อไลย .
• felles it happened that immediately balów him was a big barsel half full of water raised ou bricks about two feet from the ground, and into this he dropped plumb, Yost first. His fall knicked the bottom out of the barrel, but the Inller sustained no injury beyand light c bruises on his elbows and thighs.
GENERAL Chaffee, of the American Army, who is well-known in the Orient, is at present in France as Chief of a mission which has gone over to rope, to witness extensive military operations.
The Manila Sonday Su asks if a Chinese chair "crolle, is fined five dollars for refusing to. carry Miss Roosevelt who weight, but: 142
fused Bill Taft ar 4237-
Chr
Ho
we bel hern beh remonstra helpers
General Manager's Report for month ending Į pounds, what would' it-cost, him had, he, reiecied and no effort has been made to restare which was, then strongly guarded by Imperial:
9 ejft.
THE S. G. Daily Journ if pays that ever since the sack of the Yuen Ming-yuen by the order of Ind Elgin in 1860, the grounds have been neg
the Palace to its former glory. The size of thee The Mine measurements, and any results THE gold mine worked by the Kimura-gun inik can be inagined, since it contains an area soldiers with glitering bay onelt set on their murata-rifès. This, Hille Mory reminds us of prospecting work show a total of 225 ft. for the period (4 weeks)>under ieven, made Keelung, Formosa, bas, been flooded. The of iwrive square miles. Our contemporary incident, which occoned rol a hundred up of 291 ft. sinking, 48 ft. driving, and 148 ft, machinery and other plant were damaged and learns from a special relégmam just received thatmiles from where the muddy Sikiang mingles"
The loss it is proposed to utilize the extensive ground for the purpose of establishing a college there
cross-cuiting, as against a tolat of 248 ft for the previous lour weeks,
MINES,
Bukit Koman.-The main shaft has been deepened a further 61 ft, making the total depth 461) A1, or 19 ft. below the 440 level. This work has been carried out to accom. nodate are shoots for automatic filling of the skips, and to provide sufficient room so that sinking may be resumed at any time..
440 ft. Level, Drive North. This has been
is 48 in, wide and assays 21 dwt.
driven 9 ft making a total of 35 ft. The lede
240 ft. Level, Drive South-Here 13' fi, has been driven, fuaking a total of 663 it. The lode, sa in. wide, is worth 6 dwi.
A couples of weeks ago telegrams from 440 R. Level; Drive South-To this has home informed us that the oil wells at Batoum been added iz ft. bringing the total to 45 ft. This Theory has been much cavilled at and had suffered dainave to the extent of many The lode, 56 in, wide, is worth & dwi. criticised, and the elements involved are sollion pounds sterlings, and local speculato The widths given only represent the amount numerous and so hard to grasp that the whale a jumped to the conclusion that his fact.expused ju each forebreast. The side of the subject is difficult to understand. Modern must work for the gend of Langkat oil as the drives is being taken down, and the full lode. habits of business, including the great develop juunial destruction of the Ratourn well must of will be carried on in the future. We have ment of banking, both in this country and in cessity. result in a shortage of Russian oil or been unable to do this earlier because of in- all the business countries of the world, have the local market and a demand for other brands. sufficient hoisting power. made great alterations in the use of specie Similarly, the fact that it was known that na in the ordinary transactions of life; but, as tive speculators had sald Devor: oil "short" to the increase of the specie becomes the basis of a great extent, and that the Standard Oil Co. increreed Banking operations, the influence of declined. to sell oil at present low prices 19- the arrause of ike specie is augmented by dientes a substantial rise in the price of oil The increased banking facilities dependent au the near future, and sp.culators began it. The habits of people in regard to
the to squire for Langkat shares. The puce.
of Deve oil rose money, they use, the fact that an increase of
automatically in a money supply may itself become the cause of few dass from Tis. 1.00 to The 1.95 a further demand for money, thus assisting to per case, and price of Langkat oil has had a prevent prices from rising in proportion to the corresponding rise from Tis 135 to Tis. 1,50, increased of supply of money, though all these less the usual 3 per cent, and the shares have difficulties, and many more into which we can gone up from Tis. 16 an, the 16th August to 230 on the 21st September, ard have been not go at this moment, render the subjer difficult one to understand, yet we feel bound clone at correspondingly higher rates forward,
December.
|
240 fl. Level, Drive South-No. 3 Winze, crosscat E.-This has been exiended to 1 ft, being 5 (t. for the month. The water has been so heavy that it was found necessary to sus pend this work.
Cross-cutting for filling, 107 ft. of this work
has been done.
Stopes. The following stopes have been yielding our milling supply
Above the 40 ft. L. 2-Lodz 155 in. wide, and worth 31 dwt.
Above the 210 . L. 3-Lodo só in, wide, and
Above the
quantity of are, washed away. is estimated at over. Yoo0,000 DURING the typhoon at Manila, the comman der of the Fussian cruiser Ofer plonged into the sen and rescued three Filipinos and the next morning started a subscription aboard his ship and handed the natives São gold apiece,
with the preen waters of the Fu River, At this place is a memorial hospital in charge of mis- sionarine and one day early this summer, when mit lness was to be expected, the callers were confronted with anoice to the effect that as the hot weather was approaching. those in charge had gone to conter reg ans for
.three months' holiday to take p
In Foreign Office circles at Toklo a report is. current to the affect that after the ratification of the picace treaty, amon Komura, and Vise count Hayashi, Minister at London, will be brimated Count Mr. Chinda, Vice-Minister for Foreign Affairs, and Mr. Takahira. Minis THE following televram has been received byter in Washington, to Viscount' and that Mr. SOME very interesting spurt has been given in the Colonial Secretary from the Secretary to the Uchida, Minister in Teking, Mr. Kuring, for St. Patrick Club Lately, in which a consider Government of Irdin, dated, today. Your merly Minister in St. Petersbury, and Mr. Gable amount of interest was evi ced. The club pinguo regulations withdrawn at all Indian Hayashi, Minister in Seoul, will be made | Ports.
telegrams datert 19th and 26th September Inst..
THE Shanghai St. George's, St. Andrew's and St. Patrick's Societies, together with the focal branch of the Navy League are actively taking up the idea of celebrating the centenary of the death of our great Admiral Nelson, What is being done in Hongkong?
Ony thousand copies of a book entitled "China" in the Twentieth Century" were recently seized by the Tokin police. It is stated that the work was, issued by sme Chinese reformers there, and contains an article which the authorities consider detrimental to the public peace. As already reported, it is believed to be the tention af the authorities to complete the with drawal of the whole of the tronps from Man churia in the space of six months. The esti mated cost of moving the armies to Japan is stated to be the enormous sum of Y400,000,000, Ms. C. B. Davis, the Yokohama manager of firm, has presented the sum of Y1,000 to the | Minister for War for the benefit of the soldiers who were injured and, the familias who were bereaved by the recent disaster in the Kinjo. warm, J.
1.
Barons
H. E. YANG Shih-chi, at present representing the Shangu in Shanghal, In connection with which post he is vice-Director-General of both the China Merchants' Company, and the Chin ase Commercial Telegraphs, according ta report in Shanghai mandarin circles, has been recommended to the Throne by Viceroy Yush Shih-kal for the post of Associate Director of the proposed Peking-Changchiak'au (Kalgan) Railway, work on which is to be begun the be ginning of this month..
*
members played the officers of the Grol pn the club table, and subsequently played a retum match on the officers table. The game was 100 up and was played, by 14 outhì sido and resulted in a win by about 100 points to the club team. - Last week in the club; the Sers zasats Mean R G.A.played the club. This game Wan go up and was played by soven aside, the club, winning, a cietely contested match by ög paints. Some large breaks were made by both sides. A relaro game will be played with the R.G., term, the latter part of this week early next week, Monday at 7.30, an intereste ing challenge match between Meists: O'Neil and Dillen will take place, and on the club. table on uesday, at 7 pm, the first game with the Catbolle Union will be played, This game will be 200 up and seven aside, and should move very interesting as some sood players will be on the table, Con
·or
to say in the words of Professor Walker, "No say. Tis. 232 for October and Tis. 235/240 for worth 6 god it. Li Loda 44 in wide, Messrs Samuel Samuel & Co., on behalf of the marked distinction between the appearance, ofis about the 18th fostei Sif, John:See has been: sử
one has ever yel seriously undertaken to show what determines the value of money-that is prices-if Supply and Demand do not."
Meanwhile, we have again to call attention to the fact that, the honks of other countries have strengthened their specie reserves,consi- derably during the period before us, this country has done so in a much smaller propont- tion. We may be perfectly certain that the increase in the deposits of banks, and the increase in the amount of specie circulating in the different countries of the world, will, in *the natural coune of business, cause increased demands for specie, and for these demands we ought to be prepared.-Banker's Magazine,
་*
COMMERCIAL.
Quotations for the week close as follows:- Hongkong Banks... ...$15 £94 National Banks
38 b. Union Insurances... China Traden
Canton Insurances
Hongkong Fires
China Fires.
-14., C. & M. Steamboats
Indo-Chinas
China and Manilas
China Sugars...
Raubs A
Docks
Kowloon Whar
Farnhams
Hongkong Landin...
780 b..... .: 80 b.
340 b.
... 340 5.
88 b:
27 30. & S.
74 5.
18 b,
229 8.
.... 31 b.
154 2,
TIS. 145 B. $120 S. ...Tis. 55 b.
Si4 s.&3, Green Island Cements....... $281..
Ewo, Cottons.
Hongkong Cottons
+4
YARN MARKET.
and worth y dw
The question now is: is, this sudden and considerable rise in the price paid for Langkat. Above the 140 ft. L. --Lode 79'in, wide and shares just fied by the facts before us?
worth 7 dwt.
7
Practically nó Russian oil will be imported to the local, market får, soma. time." That seems to be a certainty. But we must not forget that Lol a drop of Rússian oil has been landed in China for more than six months, due in the fact that shippers were afraid of capture by the Japanese feet, and this significant fact has had absolutely no influence, whatever upon the oil market, in fast prices were rather stacker than therwise during the perind of non-importation of Russian oil. On the other hand, the Standard Dit Co.
†
Bukh Malacca.
No zi evel, Drive South.-This has been advanced 14 ft, making a total of 477 ft. Thé lode is 56 in, wide, and assays 9 dwi, There is now a body of slate rising at an nogle of zo', degrees from the bottom of the drive, which is displacing the lode entirely. In the back of this leve! we have one stope, carring a lode 56 in, wide and worth's dwt; 199 tons have been broken and sent to Koman Mill.
a
..
No. 1 Level, Crosscut W.-To this has been added 27 ft., inaking a total of roo f. A195 fl branch of hard quartsite was mel, about 8 in. wide and of inw grade.
Crosscutting for filling —14 ft, of this work, has been done.
STOPE MINE Main Shaft-This has been sunk 23 ft. making a total depth of soz ft. The nature of the rock passed through is fairly hard, but good blasting. All timbering is being carried on with the sinking. From the surface 581 tons have been sent to the mill, worth about 4 dwt,
have an almost unlimited supply of oil in stock and are able, if necessary, to fully supply every demand made upon them if they are affered prices which they deem sufficient and remunerative. The Company is aware that. Chinese speculators have sold oil "short and that they must buy in order to fill their con tract, but we must not forget that this form of gambling is on a par with ordinary gambling in "forward" transactions on the Stock Ex change. Ching Ah I ing who bas sold "short"" to Ching Ah Fat will one day go to the former and say to him; I know yẫu have cornered. me; i know it is a gamble; I know you don'ı | want the oil-why should I go and Buy it? The difference between my selling price and Two new. transformers have been added at the present market price is about two: mace a Komian Shaft, making four in all. It is io. case. I will pay you the difference now, right--tended-to-take-transformed current from this
|
PLANT AND MACHINERY.
The new electric hoist (at the moment al writing—22nd) bas just been brought into use. The preliminary trials promise well.
VICEROY Yoan has, says the Newfango, intelegraphically communicated with the other Viceroys and Governors to this effect: Ar the mandeuvres to take place at Hochienfu, many European and Japanese military officers will be present. It simperave, therefore, that underland from Mr. J. B. Suttor, repre the delegates from the provinces attending the
sentative of the Government of New South manoeuvres should supply themselves with Wales, that Sir John See is visiting Japan, and Western uniforms so that there will be no should arrive by the E.& A steamship Empire the Chiness and that of foreign military officera
prominent figure in the political and social lifa of Australia for many years, and enjoys the honour of never having been defeated, when A FEW math ago, it will be remembered, the offering himself for election. Sir John has been owers of the Nagoura-maru nad other Japan Premier of New South Wales for several years į" exe merchant vessels which were sunk the but recently retired from activa politics. Perv THE Yokohama Music pality, has asked, as-
Vladivostok squadron filed petitions at the
sonally be it a man of great decision of charan. sistance from the Government la carrying out
Foreign Office, asking that damages be claimed from the Russian Government The Jupani Sir John Seo was Promier of the Stals of ter, and as highly eatenmed throughout Austrade the new barbour works to be completed within the next five years; the proposition is that the Chranicie points out that no previston is made | New South Wales during the visit of the japan•/> Government and city shall share, propertion ately to the capital respectively invested, the profits resulting.
News has been received at Shanghai ́from Canton that the military authorities there have arrested a person dressed in foreign clothes who, it is stated, is concerned in a plot to an sassinate some of the high officials of that city. Detalls, however, are at present wanting, C. D. News....{{
IT is understood the Russian prisoners intern- ed in Japan will be delivered to the Russian authorities immediately upon the ratification of the Treaty of Peace. The prisoners will probably be received by the Russian author ties at Kobe, Vokohama, and Nagasaki, and arrangements are already being made for their transportation..
in the Treaty of Peace, relating to the claims regarding the last vessels, and a proposal, is under consideration among the shipowners to file a further petition at the Foreign Office.
We understand, says the Chifor Daily News, that the firm of Mandl & Co. has bena absorbed
to
ese Fleat under Admiral Kamimura, and, ren will be remembered, extended most courteous attention to the visitors..... It is not known how Long Sir John Sea intends remaining in Jupani but he will doubtless visit all the plates of lan rest. It is Mr. Sutter's Insension 10 moet the See and party through Japanpan Chroni Empiry down south, and accompany: Sir John:ji
Mesure, Carlowitz & Cu, owing to the sel tirement of Mr. Lieder, who..is off home. Germany. Messrs. Mandl & Co. have been in ALTHOUGH hostilities between Russia and existence some time in Tientsin with much
Japan are at an end the newspaper war.in Japan success, and have many valuable connections, through their compradore, with the Chinese Continger as fierce as ever.- Staicely a week. Government and the highest native official, passes without an engagement of some sort "Mr. Lieder will leave, large local interests be-
takes place between the inmates of the various: hind him which will be looked after by Mr. C. editorial sanctums, and the latest reports to Bolte.
hand denote that the belligerents ard still keep/ ing in touch. According to the pan Herald the Chronicle has been dragged by the fußan Mail into a controversy between those two; Journals on the merits of the instalment system as engineered by the Times in the case of the Encyclopædia Britannica reprint: The Carnf Editor of the Jafar Mail is afflicted" "lib Chronicle on the brain, and these comman ebullitions are calculated to excite serious conse carn among the friends of this accomplished gentleman. It appears that the Japan Herald drew attention to a suit-in the Local Court instituted by the representative of the London Our Times for payment of the balance of instal
away and we are quits-what say you? Instan to lukit Malacca for driving the Huntho-year-amounts to 15:28,400′′ Hungkung to 43. After the match:Mrs, Fa... Badeley, cie remarks that,” it would "seem that! the,
nine cases mat of ten Ching Ah Fat agrees to tington mills, preparations for which are in -the compromise for obvious reasons, and not a case of kerosine oil will be bought on account of the deal.
Is the present price of Langkat shares warranted by the facia before, us?
BEWARE
SHANGHAI SHARE REPORT,
The following resume of the week's share transactions is from Messrs. J. A. Sull vas and Co.'s shara- report · published on the 281b
In their repot dated 6th instant, Messrs." Phizora B. Pelit and Co. write:- We have to report another fortnight of a quieter tone in our market for Indian Yarn, and prices in many instances show a decline of iron fifty cents to two dollars per bale due to the extreme tight-September: ness of money ninongst the Chinese. The interest charged by the Chinese bankers is too heavy; in some instances as much as about 1 per cent. per month; and this, coupled with the undue pressure on the part of some of the large importers who were eager sellers even at a good sacrifice owing to the heavy receipts front your side during the period, our market is greatly depressed. The Chinese dealers as well as speculators are unwilling to operate on a larger scale, but confine their purchases in selected threads to their actual requirements only, and in yara for which they have made forward con. tracts. It is also reported that a good lot of their former forward purchases arrived per steamer Caithner and Capri. "Looking to the uncleared, stock in the hands of the Chinese dealers, we have no fear of a further decline in the near futura.
A very moderate business reported in No. 201, at lust Mail's prices; the importers are not free sellers in this count as the stock of desirable threads is not much in first hands.
The demand for Noș, 167, and 121, has some what slackened. Prices show life or no chango
|
The continued demand for Langkats and the sharp rise in Indo-Chinas during the week have given an impetus to our market which otherwise would have been lame and void of any special incident. The reason for the upward movement in Indos is because of the improved freights for the north, now that it is known that the Japanese will want all the tonnage at their disposal to bring back the troops, guns, etc. from Manchuria for the next three or four months. Langkats are rising in sympathy with the advance of oil. The de mand ale on London is quoted to day at 1/8 5/10 The Hongkong, drawing rate, is unchanged. Coninis 89 7/16.
harves hangbai and Hongkew Wharf shares have been in demand for to-morrow's settientrat and sales have been made at Tls. 185. Tis. 1871, Tha. 190,187). For Ocio ber shares have changed hands at Tls. 191 and December at Tis, 195
Shipping Indo-Chinas have come into strony demand lately in consequence, of Ima proved freights and shares have been placed at | Tis. 67.79 for cash and seulement, October sales are reported from Ths. 6gi 10 Tis. 71. For December contracts have been made at Th6:71,711, Tis. 72,71) and Tl. 73,73i,
Owing to the over-anxiety on the part of large importers to quit, and the fresh heavy receipts from your side, and the unsold stock in first hands, prices of No. 101. have declised from fifty cents to two dollars per bale, and even at this decline, a moderate business is and Tis. 142). Sales of October shares are reported.
No business reported in No. 8.
Some selected lots of No. 63. changed hands
at a decline of about fifty cents per bale.
The market closes quiet.
Salce during the past fortnight comprise of
Ducks. A fair business has been done in Farnham Boyds for cash and settlement at Tis, 142, Tln, 1431431, Tls, 144,145. T. 1431
published at Tit. 144. For December sales
March
51,
TIL.
rave been booked at TIE 148,147, Tis. 1484,149.
• £48, Tls, 1491 and Tls, 145, shares are quoted Tis, 151, Tis: 1571. and The. 151.
Lands-Shangbais have been bought at
7
about 250 balus of No. 61.; 3,650 bales of No.Cotton Ewos have found a few sellers at
sor; 450 bales of No. 12.475 hales of No. 157., and 600 bales of No. 205.; in all about 5,425 bales.
Arrivals during the fortaight per steamers Arratoon Aprar and Kusang (from Calcutta), and Calthness, Capri, and Corem indel (from Bombay), of about 22,750 bales for this port, and about 5.975 bales for Shanghai. *Shipments to Shanghai and the Northern
Ports about 2,595 bales, medi
The Unsold Stock is estimated at abou 47,000 bales.
* Local Milli–No sales reported,
Japanese Yam-No sales reported.
|
hand. In the mill the old morlar box liners have been taken out and replaced by new ones. MILLING' RETURNS. RUKIT MALACCA. No. 1 mill ran 26 days) crushing 2,324 tons of No z mill ran 25 days surface ore..
Total tons crushed: 2,523, yielding 183.167 oz. gold bullion.45 dwt, per, per ton.
BUKIT KOMAN,
Stamps running :-49. Period. work: 18 days, less 18 hours for clean up and repairs, Total Amalgam won: 1847.5oz producing 719.2001. smelled gold, (including 14902. bul- lion won from amalgam collected from behind martar box liners).
Average finent is of total bullion : gőz.99.. Average value of yield': 3.21 dwt. per ion. Average value of tallings: 1.35 dwt. per 100.
Ora milled: Koman 2,973
Stops mine 581
Total 3,554 tons
J. M. MARTIN,
'Gen. Manager.
TO-DAY'S EXCHANGE.
Selling
We have Hongkong Beat. Our budget for
is P11,124 behind us. The comparison, re minds us of the story of the children boasting of the wealth of their respective families. "Our house," says one, has a gabis on it That's nothing, replied the ather. Our house has a mortgage on it.”—Manila Sunday Sun.
the submarines Perle and Esturgeon, and THE French cruiser Foudre having on, board
escorting six torpedo boats and ons torpedo destroyer, should have nrrived at Baigon. The ordre, which is making her second trip to the East, is commanded by Capi. Nicol. She has a displacement of 6,500 tons with 10.000 hase power; carries 17 guns and has `367: officers and men on board.
THE Contract for three patent'slipways to be laid down at Hongkong has been placed with Messrs. S. and H. Morton and Co., Leith. One of these slipways is to be capable of taking up vessels 400 ft. long by go ft. beam and of 2,700 tons weight. The other two ate for vessels 296 ft. in length and 40 ft, beam and weighing 2,000 tons. All are to be driven by
electric power.
AT the Happy Valley on Saturday afternoon a. cricket match was played between the 1st eleven of the Police Recreation Club, and the next 12, resulting in win for the latter by 141 wife of the Captain Superintendent of Police: very kindly presented the prizes to the success ful competiton in the recent tennis, bowls, and cricket matches. Mr. J. Hanion, on behalf [of the Club, afterwards, thanked)-ber, far, bær. attendance and kindly consenting to present the prizes, at the same time handing her a very handiome bosqualoarea
ments on a act of the Encyclopædia Britannica." WE much regret to bear that Captain Martin Japan Mall, a journal edited by man who
Then followed pretty clear English" in the's late of the ss Tufung, who can count over fifty years in this part of the world, is still seriously
HAS bad A public school education, and who in the hospital, paralysis being the trouble in a profession which is regarded as emitently. has furthermore had the advantage of serving On the river, Usptain Martin has ever been one fitted for "gentlemen. Wo would imagine, of the most popular skippers and those who | have had the pleasure, of travelling with him on reading the above, lat, the writer was | and have inade, bis acquaintance, will
Piss a kindly, thought towards him and hope that his distinction. This is certainly a couplas erdee recovery may be speedy faquiries at the hottainly terminate the engagement Littis birda on the part of the Chronicle, and should cer- pital state that he is slightly better and hat recognised those who we attending him dens
In their wests,” etc., why not editors in their Shanghai Times, M
man with some claim to good taste and literary:
considle able indignation
It seems that the Bellaw Chrli
A SUGGESTION WAS recently pat forward that Chinese, coolies, should be imported for labourer LORD Edgar Algernon Robert Cecil, K.C, the Burma A report received not long, Bro
Miked up. barrister son of the third Marquis of Salisbury, from. His firitannic Majesty's Conrul at Ampy as there mayi en route for Singapore, arrived here on Thurs referring to this proposal, states that, while the result rema redensbank T.T....!!) 5/16 day from Kobe, per P. &O. : Nebia, Herod there is so contract emigration from Amay, boxing conte 'Do. demand laun
his way to ingarare in connection with theme 70,000 coulies find their way yearly from Ing of the Do 4 months' right
Tanjong Pagar Dock Arbitration. On the Amoy to Singapore, whence they are drafted France-Bank T.T. K
same ship are Capt. Smirnoff and Grogorieff, for Jabour, in every direction,all mining, America-Bank T.T....
47 formerly officers of the Russian navy and the Federated Malay Stater carried on by Germany-Bank. T.T.;
1.981 released prisoners of wer
Chinese coglies, Imom Amoy and selebbougins India T.T...
porta, and natives, from Ampy, should be well;
Do. demand Shanghai-Bank ́T.T. Singapore TiTu Japan-Bank TT.............. Java-Henk T.T.
Buying
4 months' sight L/C
6 months' sight L/C
30 days' sight San Francisco & New York
manthu' sight-
do,
30 days' sight Sydney and Melbourne
months' night Franci
16 months' sight
* wikipe
|
4 months sight Germany A Bar Silver OSUTAPEDIENAS
· Bank of England rate Sovereign
Tis. 53, Laou-Kung-Mown have not been dealt in Internationals have been placed at Tls, 44.
Mining. Nothing done. Chinese Engineer Malwa Now ing and Mining Co... shares are wanted at
·Old: Tie, 8). A
Older
Tobaccos The Sumatra Tobacco Co. has received telegraphic advices from bome that soo bales have been sold at G 70 prāt, kilo shares have boob Gold el Tit. 68, Langkata have had a good deal of attention from specplas fors. For case and ibis month'i settlement the "market opened “at Tid: 430,185; than Improind
'OPIUM QUOTATIONF.
To-day's quotations are as follows
Per pico
1,080
1,240)
1,300
.2.44
carried on in Mallwunk The Consul suggests that fall information regarding the ferma and Conditions on which these Chipeso Jabourets
the erated Stäter are willing to work
Protecior would be obtalúpble from Chinese in Singapore.
145 CM Ang 30 Mesors, Hall, Russel and Co,eted for sbaling alluvial mining such a le
Limited, faunched at Aberdeen a steel screw passenger and cargo steamer for the Indo China Steam Navigation Company, Limited, to be employed in the North China, trade. The reesel's dimensions: are Length, over, all 275 ft. breadth, 49 ft.; and depib, 22 ft, to in, with a gross register Inaonga of about 2,130 tons. The steamer was named Koon-Shing,
Per chest
MR. John Wilkie, chief clerk at the el docks, is severing his compe THE many friends of Mr and Mrs GA panyafter being in their s Woodcock are glad to welcome: back to the To show their Colony the popular secretary of the Sanitary they held Mr. Will Board and his wife, who, for the past eighteen him with handsom months, have been in the home country jay brooch for Mrs IE ing well-deserved holiday. During his ab | Mr. Wilkie 16 De sance in England, Mr. Woodcock found time long experience in which to eat the Concessary number of
Company was Ž 'dinners and qualify for the Bar to which he employark MZU was called at Gray Inn, on July 5th.chial clerk
A perlod
Ma. O, Bainbridge, whom we recently had the Iniderkḥ pleasure of laterviewing, writi from Khiler
lable frorų,
and
Iv had. Bel Christie
w poblican
Belle