THE HONGKONG TELEGRAPH

HONGKONG'S VITAL

ASSETS.

COLOSSAL FIGURES OF OPIUM

IMPORTS.

PROSPEROUS YEAR FOR THE

YARN TRADE.

GENERAL DEPRESSION IN SHIPPING AND STOCK

of t cord

different

EXCHANGE.

UNPROPITIOUS OUTLOOK FOR THE NEW YEAR.

aut alto

by the decline in silver. These and other elements of dncertainty were calculated to ciezte a disturbing effect, and in looking backward the year's operations might be summed up to the single word "unsatisface

sterling par sanub

depres

and lasalo bank

998 Aongs tosterad, compound Paltors, and ethics who filind of were irretrievably lost mediately prooeding, 20

very few: Bongart, who succeedi thair heads abora, walar period of 1907, began fő pat and with ibe passing of" calm began to set in, in tha

"which on the Cho

dow

| prosper|| 2 16 hote

"The Indian trade, so far as concerned, har äiterally advince. The last twälva kaditi. Mi pandu broker of löng experience to the local

Be the following stadnici ad obfervand te onze 142) mgori Amoser to 15,173 6

as against 146,39% balsu last year, Walth valen: aggregate 151,945 balau au ughinit 137,608 bales in 19-7, showing an fecrease of

SATURDAY JANUAR

moniki st. 10,000, bales, the total will not

The yone

2005 while the valba'

1900

here

Andrekemall donated towards Relief Funds b! Canton formed an t of the "provisions: horried to nimity and hadfer by the charit

Hongkong and Canton. "This extrabacus dataind can; therefore, be regard. most s negligible quantit 19464k lustri [ year,"

the last of the four causes, we Por diedlay compared with :) find the ray of hops in an infprovement in the.

Mecressevol shom | flair frade wilch, Bas bens 'n Saholy"!

theny bopront contrast to the fokdan yarn-distributed vis

via en fiative: 'operations in the Hongkong throughout South China and I'm kin RIGINAL 100 BOLNeissopom bales: lavegölimnin und Män brought about an Kirtificial 15- the respective torcharge their importance the few into Houck in the Colony most ongkong in 1997 that year closing 66}}cheln g\wete sire: principal consorming did• } `with tricts, wissel was man of the godownt" belugatored with out Pere:West River

50,000 balas"," ilterally froth floor to celog today and a

chists with very Unit stock! thared, 13 supplies havipe bins worked off her rose id the course of the year, copa trzy

notable foudre lambalar's trading is that

Swaton and Hingning an50,000 1

"

Canton and Fatskan siistiä

30,000

Teakin aldakoa,

at

#

At an average price for all counts of $112.50 And to percent, respect by Antherally as the raine of cotton yarimone face

ot tha'lach crisis e

the country la lu's better polition

of 19b6-07 antgradually kont le since yarampons into Hong The indusace of the silver market om carrant disappenorth, Ladidumud from the wond- / 14k to absorb suming districts, despite natural and political quotations for yarn may be traced in the fact

vit dơn 200 lmgold.) time Companhoto Arrighi

of their Mall Steamerf portion of which ar Australia apgrügüte However, was taken o Importers.

of Bangal Coal-Thare bald this colly do local firi les ports of Colony daring the year for CA1820 Henry Com-Bombo by small steamari égböxt" "WH Coded to Demon withthais carous

Polo Laut-Only 3, fare mall stommern of about arrived during mand for

fot, this coal, the

at parity

whicat: "The price of the former in hongkong har actually ruled, or an average ht something like (wanty cunts (Mexicany per) bar below the cost of the host in America used for grinding into four this Cpplies specially to the second half of year to a crop has been harvested. The result in indian Goals Thara, la pasatiell no de-

idlikes have that both milliers and merchants

G

the-Kabao and Haiphong Coala-var Toprane-

ware obtained; exchange ark steady and valuas 48,000 bules, and the markat now clodas Anti Pimposed upon them to the benefit of BOED || he ran lik. Shibaforða af Antivad. 1 The total importations into Hongkong for inquiry.in 55 per bale owing to briski lifeless with a triping stock of 19,000 balistams genrent markät'pričus for four and 4,000 16 of Bolen C5 PAIN PAT

and losses of trade with Europe,/ Persian drog. The estimated consumption in 1.Iosu lai

her

cost from South Manchuria. Th 300 Külahere the simporters, and..

"Summarising" Mou âgures we obtain the

represented} China 'ports.” Chish taken a very small pro under review.bas bien unremunerative to the unfortunate collapse of ita urstwhile dormidable dokters'actording♪ MORRAH!" Upeaking, Palotry"............

sa music sc

50,000 2,000

Confidence after the stunning blow dealt by frequent ups and downs, an will Be seen from the late crisis has luduced and with steady bulk of 1,040,000 bigu against 1905 Rela Boterori ich two in particular; afiterptising"Japanese in the development of

testimony of their inherent business

, and "invalgablo asset which they ability

1,010

It will be

Chinese

કચ્છના વા

"also entered into

Jika twenty-five per cent, in the cabs of the other spurt was experienced owing to stocks operations to the ce course of the quantity from the total" déeresse for "thigh accomplishment of any kind of un'economic the Dutch product in the Hor

at

fató

Which dont toʻreceive; in'

"which"Visited the consideration. This decreased import is from the Portland brands to which thoý kád | Biadcliffe, Fall Dugar from Po

CARESS

it will bw seed "that as a

In presenting the time retrospect this day

and on the whole a comparatively good best-at-R 543, and is now quoted at about RL1271 batween importers and consument have Auctastions in quotations, further accentuated à disturbances, has beần vd Eźwaledalt senis hat in the beginning of thayair exchange stood worked at a loss, while Ching 10 Importanca da NOVAC being of 1 year we made it clear that we should not

ing the first four months of the rane: meet with 398nd now quoted at $110, to (1) camins powers being limited could not matter for this year all of which proceeded, to, Caulas ness has been put through; importations dorast splenings of 10. kos was told at go to secured a margin of profit, since the intro al mill steamers with these conta amivel diar be faithful (o our mission were we thyalse false

the call for higher prices which a lower dpl. for the discharge of their cargoes do Fareg Cosl-During the middle of f hoper by painting the future in furd colours, or

some profit, and more or less covering price dusold stocks in January were, autimated about glossover the past and the then pratent in order

ware

1 in the trade. Paradoxical as it may appreciated 54: to conceal the true position of affairsas revealed tory

addam drop-offs to: 6 the past fivalve months have been very appears by close inquiry fate the trade of Hongkonk

points in exebasge took place, no sdequate successtol to our nati daniels. Their pro-bout should be on the faverse ratio, the fact le advance in rates could be obtained, and bust-ceedings have been marked by extreme caution nevertheless explained by competent authors cargo Was sold to Chinass.. desing 907. The course of events in the com- the year were as follows: persilly tal marcial world of the Coleny and its dependency Bengal............ 31.524 chest.

States must look about för that the United S Gees was greatly checked in consequence. A and their purchases principally confined to tr Malw............. 4655 cheats. during the twelve months which close to day

for the • imper-abiddaht products of Persian with a single exception, a dismal re-

3,197 chests. brisk demand from the country then set in but actum requirements under country orden, som man felds." Hongkong trade depression, business stagnation

principal market for Ben as silver continued to decline, the advance in to those engaged in the gal; Shanghai for Salwa; and Formous for the prices was not'radicient to allow much for tan

With a vary rich trade fuld in Chins where. With such peculiar condition obtaining it was little wonder, that local marchants feft exchange and all subseqrent efforts to

of Hongkong forms the radiating"poid, "the America and China. The single excep. Hongkong of Malwa is about 350cbaste a month, adjust them to the lower level of exchange Oregon and Washingtoh tall! practically held their way extrinsely cautiously, and thanks to tion has "reference" 10 the second most the rest of the imports going to Shanghal and proved unsuccessful. On the whole the year nodisputed away of the four inde, where the policy dictated by considerable degree of 'prudence no beary stocks' were carried, and important commodity which

trade. Except in the of some best and competitor, the Hongkong Flour Milling Coming in the commercial alatistics of the port, portion of the Persian article, from 1,300 to

t'da, in'en exceptionally time with The revival in the 1,400 picule. Purchases are mada almost favourite spinnings prices saldom reached the namely, cotton yarn.

level of rates suling is Bombay, and wore it not Pane The revised Agans of imperations for healthy tone of this most important article of exclusively on Japanese Galerament account,

for a few occasional assistance from Shanghai

including the output of the junk Bay light losser,

it was on this absence of parity rock, which Manchurian less than $940,000 bags aggregated po commerce is a happy augury of the revital-who control the sale of the drag in their insular

resulle would have been mere gratisfactory, that for the gear under inview, amoubled to a Calandared. Ta raison which one could foresee, that unhappily the “Tunk power of Chinese merchants and traders, dependency as a State monopaly. Bability in so vogn restoring aireauth

It is to be hoped that with the caution which **** and For reasons already given prices underwent

1,000,000 bags, representing falling of le

cirenim vaated the fallure of the late Mr AH. ||———

RAW SUGAR, silver and cheap cotten the operations of the dulciency, the product of the case for sererii, imong

are explained in Portlasă The extraordinary energy employed by the speculators in 1905-1907 is a remarkable the following tabulated figures :-

Highest. Lowest, coming year will be of a more profitable the year of the Jocal mille accountt

nd tand ont clear

Ons was the late mozar, retining jaduster band distinct, tail CRA Palo.......................... .....$1,310

satisfactory character." $1,095 contribute towards the prosperity of thir

Bepareshang 1,160.

observed that our own investiga.,500,000 bags, the userest asjimate Colony The great British dependency of

tions do not bear out the conclusion arrived At, accurately be arrived. by with, any degree of belly of the arw millen to induce the efan importations of cans. sugar from. Jara.

sish Chines" buyers to take up new brands of Holos id formes, year the quality halwa qandanasaikin

tod reached as largo 41941. pablication of the Hong- India contributes yet another sud by far the

Good demand arising towards end of April that "the year has been unremunerative to the approximation, fica para hole on cial fares Boss The Pord the Plourier Lills Company, ers the field from the Pacific Northwest, 8 output The

pioneers

pnally, bara ik direct and still the dominant factor in the Bodstendi wheat importationsI, DA loca!TM Company's most valuable import which has figured in the market became very active and prices soared trade." On the contrary, while wowi are o köp Milling Company 1908 trade of Hongkong during 1908. The pro. high until it attained the maximum about mid- divergent, in the main, the leading

optargemout of sad for more throughout the Orient,

than twent sccount Egure out the gitimate of

Ho of 500,000

." hibitory Edict of the Chinese Government has direction for both Paina and Benares, dont aves as the most prominant

responsible for de ebermans appreciation A reaction setting in prices gave way again dealers agree in the opinion that root where bead by Expert compulations. Dedectin that years bean galling the same chops or to

lucrative year

those who "confined

brands to the Chiness, and in a land In the value of opium, the rise being something and fell off to $1,055 in July when an

the yeare deficiency li {aken Bengal drug and thirty per cent inthe case of the both in the hands of dealers in Hongkong and trade bout accepting any chatices in the age is a balance of 440,000 bags a token change i mister of centarias.

plain away

impoisibility

"to÷waan' (he' Orišutaia- Malwa article. With consumption maintained in the consuming districts having reached a hazardous game of dealing to Exchange!

At one time the dbody at its normal level it was not surprising that the very low figure. There was a iull in August,

of tibiactory ar capable of

with the become accustomed." The

other insurmount West River districts rafted considerable alarm

for tha decline are I into,irthey

rse Contras"gregate quantity the shle handicap was the impossibility of getting Hobgkong cannot be more than from 600,000 grosh valas of the trade rose from $27,700,000 only to be revived in the following month when

"of production" Imported into In 1007 10' $41,038,320 in 1908. The sonosced the boom in Malwa helped the Bengal product la the minds of fecal operators as it will be presently dahinod!

rid of the "off*** reducido to walk by the Government of India in the upward movement as to prices also feared, according to the shrlice reports, the With un averagh ruftbg price for the year at are termed Moir of the wheat Gird at the ly from Swarow and Holbow, all andra på

Af bren, shorts and milf food to cod, pleolss year: Chistikad palatigal. $2.75 (Mex)) per bagy sidxt yaar may have the effect of further onhan Throughout September and for the first half of exteprive damage had both wrought in 'The

Hongkong mill was imported" from Forland

"Imports: Why does cing the value of the drug in 1909. Those en- October both demand and prices were well rice fields: It is true that the devastating pla commodity, Bext after rice and sugar saged in the flour trade with the Pacific Coast maintained. The last quarter of the year visitation was responsible for the Tsavo te, nor banks farrels (ar the commercial of Puget Sound. The freight title serbe any big bulk orders Have had in paintisfactory record to look back proved unfavourable for Fatra and Benares large number of lives and close-tipo istics of the gost. The total intrinsic valge of theife was one wheat Container on igned to Garmin firms excinia vily trees and

but EVERY top of upon for 1908 for with flour below the parity when the lowest points touched were recorded million people were reported to have been

the law silver exchange, ofthe best proditis. 1908"-- The extreme rata

ratas-of-cost,: por baz, bipe

there was no market afterthe of wheat in the local market the trade failed 10 on the 24th December with prices quoted fondered homeless. The rapid sublidance of the importation is no less than 56,775,00 for than 500 pounds of bras, chosta, die, for his rope was debarred from addising in s908; by mill had separate was largely exponed by Germany Austria and In October when

that the large damige

for the most and Stilo SE the lowest, The diasurity in land and Faget Sound millers to ship in fts The year toessed the closing down of the bighest price obtained for the drug was been wrought along the districts, bonering values has been owing to certain special fex manufactured stats 2,600 pounds of four at the quantity to the peal arported to our youngan industry and the winding op $1,350-per

having been $950. The In country had suffered the rice fields in the inɔ l'ming in the economic condition of them freight rate that the Hongkong iniller was trom 1st May to igoth) of the founickest på Milling Company into week of its quotation in the opening the river banks and While the"surrounding:

"and is sled to be accounted for by Tek 19.

"wheat; '|

Waigo ung sinapsat (be I had been sunk and on Idian Government sales of "Malwa in 1968 districts escaped with "only litus injury the lower: exchange value of silver rullag-tos 1937/gg for about 1:500' pounds in the shape of 1401,163 picats, 2 the 2nd Amounted to which such high expectations had been raised. amounted to 15,too cheats: benceforward the Bountiful the thus and the purchasing weder the end of the year, which is responsible of the locar Company collages, that the The exhaustive review of the shipping trade quantity to be put up to auction will be reduced fifle bolow the normal the

for the bisher: selling prices of flour in Hongkong n

miller could asither one word on which tell their own talstead for the

well to advan and 100,698 picula! for soc power of the inhabitants in the copruming dis below is pas couliouous record of by ten per cent pearly. Yuan deferred," At no time in the year didi

ongy aka the year approaches-its", cissa, zo The Consumption during the last few months

tricts was not accordingly crippled Hence,feruigate demand for whest gross in the Rugh this extra 500 It stands to reason "thất freight maintain

Yard consumption not been satisfactory, parily owing to ship- Paying level to shipowners bat

inghite to the contrary, found an ever-increasing the sugar) imponed from Java is of los Jower has of vessels which had to be mente to America having coased and partly maintained its normal olavel; -With a«cod rapean markets, resulting in extreme prices in "ka kád paid the free the Coast miller of Japanejoli compattion; -, Tas 1996-

ths United-Bistest this, coupled with the large number, laid up for want of employment tells more owing to a general want of confidence which market in Bombay and the steady depletion

It may be explained that the coogolling he could prodate The development of the age price of $7 per picules Philippine

Manchurial wheat delis may in the future, togauntly, than words of the severe depres-/has kept the consumers in the interior from of stocks in first hands· lu Hongkong silver exchange forced up local prices in Ohio | market at high prices forell the mlil-feed that and ass-lutch standard-and famo

tara, in cheaper and. iraled at: from through which the trade of the Colony laying in stocks. "'Ytočke'in the Interior had for all counts; and in particolar "the favourite agences in the price of wheat in Rurope apply. 'Oriental milis''with: a cheap supplem

Of the estimated two million piçula is passing. fo the coal traffic the care top down so low that during the past few days spinnings in No: 1ca: maintained a-

reckoned fully prepared

kept up right through 'to' the closing-wook of and the Argentins Repablic, in the res", with the"Öregon KDE MALAM view that it will the Chin KROY with which we have there ban bete some improvement in the and aready ascendant movement which was dependent upon the United States, Black of heat stand- anahis-thens to compet summary

bat absorbed by the,,twa), localy umed courad," presents no special featureID consection with the dainers in the October. | the year. It is liitin wonder than that where

deliveries,

pectiva order named. The poorer yield of the

expert opinions coincida la t

Cal The exploitation of the Borzien coal-fields

Russian wheat crop this year jumalated quota is yet to its faitial afage, and though the car December quarter a feature' worthy of special prices have mounted bigh and higher from

tiens in America, which found it reflex to the be many years before the change can be ac Refinery at Quarry Bay: Alison boniferous grounds of Borneo have been provhich was reported by private telegram "from" | satisfactory still-consumers; that is, wearers of | detriment of the inturanty of consumers of the Probably not before-the-eres; ; quantify (500,000 picola) part (19)

prov: note is the prospective oil-opium legislation week to week ons stond to lose, and more

population of the United States to the Northern market and the rest is ground product on our own market,

takes up the surplus which is now forced to in the process of manufaciore face the experimental shipmanis to Hongkong bave San Francisco. For the large Chiness colonies the spus cloth, possesed the ability of paying The lowest prices of fato per bag was re-seak a market beyond the seat The absolut in the ginger and fruit masive not demonstrated the possibility of successful on the Californian coast, the Opium Faria batter prices for cotton fabrics,

total value of the ***, 8nges, regular bi-monthly Nature's visitation, which spared the rice carded in the months of July and Augura competition with the cheaper prodacts of Japan. Macab have hitherto made

We need not travel far sold to cover the failure of the first big milling project in Santh

leaves thei: Oregod) and Washingtod Hongkong in 1908, la campaing Chiar the hipments of gin sugar and rice, merchants hare not made

prepared. smoking opium fields of the Southam provinces in funt, was not

*for the reduced Importation milenguhore firmly entrenched than ever it marchants of twenty mine doll explanstory tof 'quite so propitions in September-Octobers for late Hongai Any fortunes. As regards the Stock Exchange The Macko monopolists drew their

for 1908 apigainst the record the deldobwhich Hongkong is regarded as the

RICE,49 a Market brokers agree in the opinion that the the Tapehe extent of two hundred surrounding districts did much damagasspect and may be enumarated as follow

from

om Hongkong': they

year of 1997. Tessons are four in pumber, dominating centre. However that may be has been the wordl whole

Bay,.. plant?, in regular buyers that when the Wright legislasily at Amoy whate for a abort while since Corus of their experience. There is chests &

„Daftyourable ischinges ka. Jowar gold ma

monument to the enterprising compleis absence of forward purchases and tion was formulated and was in readiness to falling of in demand took pince, Had it mo

valge of lige parchailug. medin'n 'of the mome

promoters Recently, pouple of the Faciad to or milling-picals in 10 Wife Shares changed hands only for lu. pars through the first session of so been for the typhoon the consumption in the

of Congress so

Coast millors paid a visit to the Colony with 43 million in white and 31 million of vestment purposes, Some of the leading that the American delegates may approach the Fakian province would have been even greater

quiagency in North Olina locks stow serious depreciations, amount cabl

Shanghai Opium Conference with a clean date, than it was

-Freedom 100 atastrophic Abode in view to iteinspection, while a Tapak dispatch rice. Their respective average pokes for

dated the 16th instant to the Grafa jiji ys; year ware:30»àμd:54:pargicak Thus the Reference must be made to the tentativa na to millions of dollars. The silver market cable advices were despatched to Macao to

Norb Chiak

The Hongkong..... Flau Mill Company, net, value of Siam rice imparted ang pasas I been important factor in determin. stop all further shipments, which ceased on the

efforts of the Japanese Cotton Spincers As

light stock on hand at which at one time. Agured prominently, jehlox through Hanzkonk ng the course of trade in China's there 9th November last. For local consumption in sociation to capture the China markets for

Sour mill industry is the Qrient and dominated and SEREPERLAG IN FAL have again been fluctuations, especially an to the Portuguese settlement a few chests are still

*Wailed, and retuleret - Cam, Trading Conen Jam by resort 10 an expediency As for the first of the foregoing restons, it wards the close of the

business tor year which have produced but the quantity makes no appreciable of dubitus character in point of commerce since no vary great perspicacity to discare the four market in Forminss

la now seeking to dispose of ite

on has been (pin) Vezy, disturbing effects in the import trade-of difference in the market.

al morality. We refer to the proposat to

the lower parchiein power of the bil

machinery and fill gher property

Cargo in consumed ja ke the Colony The outlook for the New Year in To get at the gross valda. the year's trade issue with avery bale of yarn lottery tickets,

T600,000 and stock-in-irade, price of asthér of

her of merchandise O or Anshrouded instironda, in gecertatety, and life most raro ta mullag of three flated petada, dus, obtain Inpanore, antiling, the holders, originally, 15 diber Commodity in efter corresponding the competitive history of the tide, assumed and took In Toy Rustralian Hous; for the are time in Hoogkoppy Act it is safe to an average is on basis of prices

coupons as they were called by the bingonations fate China wiler gelber with: for the near future that the immediate dismal for Bengal $1,080, Maiwa S1,075, and Fortis prizes in moner and later substituted by prized Rice forms the soft foot of the Ghlase; the prominent position factor rank; J TAISIME

Sgan per chest. The total value of raw oplum in kind. The attempt ad gals favour with thara Toucan undersell the

Anserican sivaizsilta partial enscoas, dina partly by Chinese bongsuxei imports is, therefore. 541.938,320 made up of Chinese by this method was fast (njeoduced Worker Vizure has bivided for the natives ib

110m extraneous canse like the American boy arm of faded M Bengal.$34,045,914

thay kre not likely to win them.27 Into Shanghai where representations were

Hapro article which thepalate of cats was of short duration, as four Grom the Butterfelded swe ..............31914875 made by the Municipal: Compell "10

Commonwealth was almost whelly eliminated signed to them for t Porslanianciscansar · 2,977,5=3"

the latte

Séus fábourers'has been accustomed

from ogre impart statistice in 19. It. Prodo Coast ports. all times the Council's

dotto kẩy,however; that

unable to compete in this market for the reason to handle the ship deavour where possible to obrints preferential

elopments in the last wroughtage rulo of our incipient industry. Coolles in South Afdel of any class of residents in the Settle

... For ; there first time),also, in the, history, gustu kosu of the tradey Kunnian, representativan, visit.

secure any prößts, it was 'n bad year for St,095 and $1,0jo, rg#pectively, The high water the Fu River," howavar, som disclosed the fact ruling is -$1.35′′ to $2.40′′ as the highest prics, on thefa thd'Orleut“ Thin' enabled' the Port-Russia, to Ohink/s@hnàigilvur Tubed bigina-02.

· Biosi

"að töʻbalsı the

OPIUM.

mark for Malwa wis

Malwa

Japan General, la part set

The immediate effect of the prohibitory -Decres of the Peking Government of the 20th September, 1906, against the coltivation and consumption of opium was felt by those engaged

•Total amigun in the oplam trade in Chinap festly, by the reduced safer by public auction of the drug by against the $27,700,000 of the pen the ment and the #appre#wo CoRaBOTAS „DIED A

The foordinate rise in values ment in Calcutta the Indian: Government: recouellt by the interpretation vincia) Govarements in Chinach the Pronormous profits to the Government of Indis, I been applied, to waliya.jotteries dering rece

opium revenus returns: published apon the Eleven Articles for carrying out the Calcutit on the 2716 November show that he years would fail in ippir 05 oct prohibition of opluci: 1 To the Indise Government of India' talpts from tbị k diuk th Government sold only 46,5cm casts of Banga were, do to October, no Teus (had 18g lathe of Fogalmat 50,400/chess in 1907. rupees better than the estimate

and,

The

of the present character allow

You

As for the action of the Chinese Provincial Gaite apart from the * $1,495 000 a HAY authorities, is bar had, the affect of bamparing collected by the Colony for the Opium Parat, amiberatore, cambla leden

the Colossal Value of the opium indoto. Hoog: this the freedom of trade in the drug in a very monk m „terial First at Nanking, then at Canton, above. There should be no wonder that the one" refer to th

"may be Aysured by the Grand Lubmitted of the Bylaws of 155 and more recently in Hongkong taxpayers AwHE WINE Nordans province of Kiangiu specific interest the outcome of the deliberations of the mo

so much of chanchi: In, Jotterių gülkülöze' Bay Krons time to time been pro delegates of the Foreign Poware interested at fara

we can remember there the their effect, placed “jasiric».

at the Oplats Conferade to be held in Shanybal Ever, the var vigilam

by the forefoci and the CERNber of Comite

JESUITE Kolation of "Trang on the fat"Fabrašty mhát,, #Trơn phun cambia

"COTTON' YARN.

took

ipulations. The Chiness" Government now seeks to larify its attitude by the acceptance

NE KAFA”Powers"of the Regulations In dealing with the para market, a trade

Stores the ancionare in Sir John Jontin's circular notes that the commercial retrospect with the world that

lo si Kdward Gray of the 56th Nor of the last year in chladly remarkable for

The Wale tipu Haims that the numerous fluctuations and lacessant decline in

the Articles kirbt be construalear, produces serious disturbances in a sision of the provisions of the mercial operations, great depreciation in many

informing, har meni addreiand" WIL

oficial would be regarded fas ticket and dold fand orless to projection.

Low prices, and more of

a'this in hardly tenabis and articles of bipa i przez The review of 1989 budhi regardé Előt

14 heavy losses

yarn market shows

articl

of commares The

ja bpvo participated in the general depressions against

lik a few occasional and sparmedic, among at factér

excitament and animation, andika

prisciple

Picture, the imatiragon of inde

(by a mamber of our own

2

grain which

Flour

auad and cakes, which (aka akylaw;of exploiting a SENIORHAN 216 62 Maber torsoch Hanbin sloze) of these

Hedre=thht÷itize

da.

år todistovar, thi

found To yet in its westlestine the, foregoing caused that, with

thaiy

Torth

xploitati

mille

Foll

to

pared with the corresponding","pichbasĮ

- period: for 1987.

In this section" but "ifatisties Iti || Imports from Siam. - Tasy sie KA

regard to prices,

for upon that "question calong, the "problema.

As in last

We are indebied, to Messrs. "Hughan and à DE Hough for the following report on thi

lout for the year 1908. There, bag pract

been no change pas

yeur and 1907,

of the

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