THE MONETARY SITUATION IN SHANGHAI,
OLGIEL OF THE GUNDER BIOM.
THE HONGKONG TELEGRAPH THURSDAY SEPTEMBER I 191O
SHANGHAI TRADE,
CURTAILMENT OF CREDIT Mess, Noel, Murray & Co.'s report on the Shanghai Pisce Gooda Trado sayı 2-in
We regret to hova to review the situation
The Report on our Market during the last once again and condemn the unprecedented week could be summed up latwo words apathy displayed by business men in this "Nething ew' as with the exception of the community, who sem to have lost beiral odd times of specialities la Fancies wo hoads after the orgies of the four months' hear of zo new orders worth mentioning. subbir baom, which is responsible for the en was to be expected that this state of things tire paralysis of trade. Surely, ways and means would be the order of the day doring the fort aught to be found to relieve the tention of a night our dealers have been given time to con- situation which threatens to become mora acute sider the best method of changlog, from the the further we go. It nobody will take the old method that it bas bead thought necessary lead, we shall be left to muddia out of it as best to introduce regarding their native orders as we may, and there will be very little "best" mentioned in our last report. about it if things are allowed to drift in their own ind ff.rent, callous way.
admission last we hivi brought about a state To face the situation we must start with the
of affis, as described in our last week's issuer wherein
CIRCULATING MONLY
is no longer in existence. It is all locked up in various catales dawa ath and i will maid there till the happy day arrives when producing companies begin to distribute divi dends. Till then it devalves upon us to fad ways and mess as to how we are to live and
Curtailment of credit which one ofour week. ly papers in an excellent article on the subject, bound to affect the weaker financial and trading describes as the "Fos ar-mother of trede is
co-cerns but whither a radical change cia be effected is very difficult to say.
The present slackness of our Market is due to the financial situation, comblued of cou se
with the very high pricas-required at home for new goods. The prospects of Crops in Chica gozerally are good in-spite of the districts that have been so damaged by floods and when all is said the principal factor affecting our market is the purchasing power of the mais.. Stocks up country are said to be' small and we have
already shown how small the fareigo boldings here are on the average and it is natural te con.
AFIER THE FLOODS.
CLOUD] CX IISCONTENT GATHERING.
In what ihe Japan Times describir avan að, mirably broad-minded article the Tokio Asshi delicately counsels the flood sterers to b patient and rational on the ons band, and the high officials of the Government to do their best The floodis alor gtime in receding, indeed much and utmost to alleviate suffiring on the hand, longer than was expected, and the sufferers, 250 beginsing to find their misfortunes unbearable. The sympath'sing public, too, feels it provoking,
even exasperating that je charitabla objects are not attained with i much piomptitude And thoroughness as they might be. Slowly but surely the vapour of disiatiefaction is rising and condensing in the clouds. of discontral,
Frime Minister downward, know, on their part, about to burst in showers of maledictions on he powers that be. Officials, böwaver, from
that they cannot be held responsible for the pracks of the wealber, nor ladeed, for many imperfection in the ripating and drainage sytems which may have aggravated the Ayages of the floods, but which have bee handed down to them from their predecessors. They probably kocw also that the bewing orm, if it does break out, cannot but licharge its load of complaints on their heads, and they are prepared to face the cloudburst. ` Bat a stond thought for all will show that neither malediction on the one side por preparedness on the other side to face them will be of any belp in improving the situation. It may be
being away on their holidays just when the fi sod said, however, that many of the State Ministers
Trade in thi msastime, and how we are to miske, the wheels' of fado and batter rua mote smosihly, or vun at all Con- Ailence has been rudely shakso, and Do one knows where he sinnds. cular Geld; of the money market where share In the pini
speculation bad its sway we did that the, September settlement is approaching, and although we must be thankful for at least one niercy, Daniely, thai scarcely Ray speculation has taken place for that particular date, thelo | puts it the disappearance of the Floating Capital sequence. Now that the Ministers have all
are other matters pressing..
overtrading is not likely to last much longer." sider that the rain brought about by years of
relarded legitimate trade as was shown at the That the gambling is Rubber has greatly
commencement of the year, and there is not the least doubt as Capital and Commerce Really Decessary is a plece whose trade consists of
la would be sinte bisiary to recount what buying and setting, has led to stagnation all took place during the late
round. It is interesting but not consoling to read in the Journal of Commerce of July 7th of Heavy Curtailment la Textiles in America.
JUNE RETTÉEMENT,
but for our prés:ut purpose it is necessary to point out that all available cash seat on that ¿occasion to meet differences; and then there was not cash "cuough to go round. That is in bay, many speculators had to avail themselves of exptus.ve .cilities which enabled them, after disbursing every available dolini, to have' their saires "cared" to the "September
'was at its woist, the Government endeavouis inrestua walk were somewhat sluggish in con.
part of the work to be dore still lies before come back, the Government should do its best and utmost to avert the storm; and the greatest
them.
The drepest sympathy, from the British Government and nation has been expressed, A printing Company with a weekly cap city
to the Japanese Government through the period. The Rise catton goods output of Newsion of sympathy from the U. S. Go of 100,000 Pieces, is slut down for an indefinite
British Ambassador. A similar expres Bidford has been cut down 3-%, Hall the silk Mills' of 'e erson re idle or belly 10 and there is more idle machinery in Laurecce, Mass, the centre of the worsted in
bar als been received by the Foreign Office vann ept and ostion, says the Japan Timet,
through the Americas Ambossador.
The
Beulert Those people who have bien dustry in America than ever before wave in heartfelt sympathy of the Spanish Govitament
"carted" to September are as penniless now, As they became an jute 28, and they have therefore no oiber option but request for farites extension. Under the circumstances
il will be
A CASE OF NECI SHTY
for those people who financed the jure settle. ment to further ex ead their credit, ursitou they have the power to fa aclus: on this people who have accoped lolos, they would, by so duins, only cut their own throats and further complicate the situation. The losses on carry. ing botuess wil reprosent a difference { frem thinly to fiaty prt cent. Un most stacks, and if Turiber facilites are not given the borrowers' Shanghai will find ittell in a position far worse iban before.
For the recovery of the situation zom
DRAFT.C RHMEDY IS 'NECESSARY.
panic periods. The tendency to "make to stock" when there are no orders is naturally reduced with material like Wool and Cottre at such high rates, yet the merchants seem to think that there is something that is radically depressing the purchasing power of the masses apart from the question of the value of the raw material,
JAPAN AND CHINA.
DENOUNCEMENT (F BRITISH
POLICY.
An evidently' well informed ese espordent of ¤ Belfast newspa, er has the following remarks, inter ali, 10 make upon matters Japanese-
was tendered to the Japanese Government through the Spanish Minister: The sympathy' of the New South Wales Government and people was also received by the Foreigo Minister through the New South Wales.Com- mercial Ageot at Kobe. Fimilar message of ympathy from the Ambassaders or their representatives of France, Italy, Russia and Germany now at Nikko wore transmitted to the Foreign Minister through Sir Claude Mac- Donald, ike doysa ni the Diplomatic corps.
THE HUMAN SALAMANDER.
MAN LICKS RED-HOT FOKERS AND
COMMERCIAL.
1st September, I p.m.
The following-quotationų for rabber shares, by wire, are supplied by Messrs. E. 5. Kadoorle & Col
Allagars...
Anglo-Jaya.................................... Tit. 9.
....15/3
'Angfo-Malays... Balgowaig........ Bata Tigas............702/6 Bertam..............................................7/9 Bukit Kajangs (pp.) Bukit Rajabs many s Carey Uniteds.....................................22/6 prqm. Castlefields..................alī"{% Changkat Serdang
$13. Cheras (part pald)...............................19 prem: Da (fully paid)...................... $19
Eastern Internationals ...... 17/6 prem. Fed. Selangors
Glenealys.............................................. .......................52 20
Glenshicis
Golcondan.............................£20/. Golden Hopes......... Highlands and Lowlands.....15/ Indragiria......
loch Kenneth tissites
Jonglanders...tolluter sam Kampnings 6,5 prem, Kuala Lumpor
& Lanadrons (fully paid) IO Lanadrons (ppd.) gramm Labus...................rattua. ***** Ledbury..................81/6 Lloggia........................ $41-
London Asiatics.....19/9 London Venturer.............65 Merlimaus?/6
Pegobs.......$18 Rubber Trusts.....28/6 prem.. Saggas ******** Sandycrofts Sapongs Seafields
Sekongs..........25/- pram. Shelfords ...............an
Slugspore & Johores Sumatra Paras
+75)- ..$14
Suogel Chobs...1057- Jungel Kaparsomman ..16,6 Tandjongs... - Tangkabs......37/ Toeraogle.ana............af plɛm. Ula Raptur United Serdangs
United Singapore's United Sumatra
[7/6 $1.75
11/
Volted Langkats SPIDAK SES.80). Para Rubber................................7/11 per lb.
PRENCA INDO-CHINA,
ALLWAY DEVELOPMENT.
The Minister for the Colonies publishes a report on the p:esest, pašition of the French railway lines in Indo-Ching and the province, of Yunnan. The whole of the line from Laokai to Yunnansep, a distance of nearly
To-day's Advertisements.
PEAK TRAMWAYS COMPANY, LIMITED.
NOTICE.
Fauling machinery the Service of
'OR the purpose of innewing some parts of
Cari will be SUSPENDED from 8.00. P.M. on SATURDAY, roth inst, fill 800 A.M. on MONDAY, 12th int
JOHN D. HUMPHREYS & SUN, Ceneral Managers. Hongkong, 1st Septemb‘ș, 1910.
NOTICE TO CONSIGNEES. THE P. & O. S, N, Og's Steamer
"DELTA,"
FROM DOMBAY, COLOMBO AND
STRAITS.
ไทย
Consignees of Cargo by the above-named vessel am hereby informed that their Goods are being landed and placed of their risk in the Hongkong and Kowloon Wharf and Godown Company's Godowns at Kowloon, where each consigament will be sorted out mark by mark, and delivery can be obtained as soon as the Goods are innded.
This vessel brings on Cargo
From London, &c., ez sa, China, Sardinia
and Himalaya (Bales of Paper). From Australis, ex 1.8. Me cedonia.
- From Persian Gulf, ar B. 1. S. N. and D.
&P. S. N. Co. Steemer,
Optional Goods will be landed bere antest Instructions are given to the contrary withie 6 hours.
Goods not cleared by the 6th Bapt., at 4 P.M., will be subject to rent,
No Fire Insurance will be affected by me ir any case whatever.
Damaged Packages must be loft in the Godowns for examination by the Consignen's and the Company's representatives at ab appolated bour.
All claims must be 'presented within ten days of the steamers arrival here, after which date they cannot be recognised.
No claims will be admitted after the goods have left the Godowns,
B. A. HEWETT,
Superintendent. · Hongkong, 31st August, 1910.
[4
NIPPON VUSEN KAISHA. NOTICE TO CONSIGNEES.
FROM EUROPE, COLOMBO AND STRAITS.
THE Company's Steamship
"IVO MARU," baving arrived from the above parts, Cou. signces of Cargo are hereby informed that their Goods are being landed and placed at their risk in the Hoogkong and Kowloon Wharf and Godown Company's Godowns at Kow loon, where each consigoment will be sorted oot mark by mark and delivery can be obtained as soon as the Goods are landed,
Optional Goods will be carried on unless fastractions are given to the contrary before Noop, to-day,
Goods not cleared by the 7th September, will be subject to rent.
will restore a much-needed confidence and thus which is supposed to be influenced by The a premium on him, for he is absolutely fira. 200 miles, was opened to traffic on April ten days of the steamer's arrival hero, after |
We have dealt in another column with the rubber aspect of this case, which, if acted apop,
relievs the situation to some extent. But the Jarge question of finding a way by which money may be crawn to Shanghai s ill awaits its solution, and in that respect we have a few suggestions to citer for the consideration of those who hre in a position in tc). To the first place, we mest pojat out that in the Larg- Hat Company, Shanghai possessça
AH INVALUABLE ASSET
which, alier years of chayaered career, ban ut last ustained a post-ion which is second to noné among iéqualid undertakings in the Far Ezz
"I happened to be in China during the war and after for a time, and since then I have been is custaul receipt of news through Shanghal prpers. By these, with the exception of oar Times Japanese actions are decidedly codem. ned. Formerly The Times gave the truth about Eastern things without hesitation and with lied able courage, but now it has apparently a policy to pursue, and the result of that policy in the aggrandizement of Japan at the expense of all I astern nations and any Western nation fcogsged in trade. Ja an is now
A WORLD POWER.
Much credit is cus to those reps ble for is Her foundation is the British-fcat, sssisted directics and minagi min, for it is entirely by soldiers whose equal the world does not due to the r care and fortright that the Composess; but what Japan does Britain does pany to day ficds itself in an impregnable Japan evin yet could not claod a moment with- position. With a capiet of Tia 300,00 be cut her, and with her she can defy eves Britain, Company bus now mere than thizem in Japan is not only a world tower, but bas en
tered the Tats as an empire builder. Formosa was secured, in 1895, and it is being father secured by what Jepaneie newspapeis "cu- phemistically term the cessation of the native without "poli hing off the natives, but then past. Cticese were able to reside in Formosa
the Chinese went there to trade, and tradesa rquie the presence rather than absence of these; but the Japanese hava
tocis available in liquid funds, and it is A question well worth tha cossideration of tho dues to whether this money should act ba employed in a manter which would not only return hardiome picsir, but which would at once relive the situation," "Moreover sharebel· ders ta the Langkat Compaey are also gically
TRIED TO COLOKISE
+
Yery
'No Fire Insurance bus been effected.
Damaged packages must be left in the and the Co's representatives at an appointed. Godowns for examination by the Consignce's hour, All claires raust be presented within which date they cannot be recognised. No claims will be admitted after the goods have left the Godowns.
NIPPON YUSEN KAISHA. Hongkong, 1st September, 191a
THROUGH SUEZ CANAL.
THE F. AND O. RECORD.
CHEWS BOILING LEAD: Copiala Spalding, of Galesburg, I'lipois, is Vesuvius envions He is a buman vo’caDO. a genial gentleman who would make Mount
Aay iscurance office would be glad to take out prof. The inner man of Captain Spalding The Hafong line, of which it is an must be made of natural ashesion. Fe can extension, showed last your an increase of partiality for red-bot sealing-wax. He ja ne the return of the year before. In the ako toffing lead into his mouth, and has a about £30,000 in receipir, as compared with merick fire-eater, but a boman phenomenon css of the line from Saigon to Khand be has baffled medical science for years Hop and Lang Biao, the section from kilometra Mr. Bert Levy, of he Pelice Theatre, has 132 to Fhantang will be opened on July 1, 1911 brought him to London. Say, eald the Captain and the section from Panerang to Nhatrang at hungrily (be a called the Captain though that the end of that year The section from Phap. is really his Christian dame), when he called rang in Kangon will be completed at the ond at a Londos newspaper ¿ffice, I want some of next year. The sarning of this system which boilding lead to eat He was taken into the will ultimately comprise about 259 miles of foundry, where the lead is heated to 6'o de railways, showed an increase of beaily 63,000 plater. There, Captain Spalding demonstrated Bish and Vish coastal lino showed a decrease green in great boilers for the making of stereo | last your,' The reʼuins for the Hanol, Nish | Host, end Australis, and vice versa. An isters
is wonderful gift.
of seasly £10,000, owing to the floods. Work He had been wandering about ibe lootype-an bi prejected lina f om Mytha to Kantho machines, but it did not seem qui'e bet enough sem testing the boiling lead from the lootype has not yet been began.
aid. A ladle of lead was banded to him, and for him. I want someibing ont of a lidle, be much as a man might drink soup Captalo Spalding took it on his tongue. The liad six- sled and turned 10 slug. Then, from b's pock et, be took a large piece of sealing-wax, lit it, and let it drop on bla toagua, chewing it into mail morsels, as though it was an entrés, Tastes like horse radish, he said, smacking his lips. Between the dishes of bis red-hot meal pamers zonning between Bangkok and Java carelessly, dod put out the lighted end by prescal of support both in Siam and la jevi, ard be lit a cigu, chewed up the burning match pois. The suggestion has received a good
the service is to be opened next month, a mer leaving Bangkok at the beginning of
-INTERESTED IN RUBBER COMPANIES, and if the former company could fad means by which it could safely come to a rescue. nl the inter without in any way imperilling its fade it will be an ideal solution of the problem, and we maƐninin that there sro such ways, and that the maj isity of ahiretolders in
and they are in the way. Kalea baş now bad the Langkat Company would agree to any for some time the gallant attentions of the vali. me surr, havin for its et] c; th; exploitatico not Japantie race, Rebellions are of surplus funds new yang idle is the Com-trangely frequent in Korea, neve: widely pacy's coffers. Secondly, the foreign banks in spread, and these rebuilions give good eping it on big tongue. Shanghai would, if the suggestion we advocale in arother column were carried out, show less tunity for the colonisation of Korea by diffidence in accepting, rubber shares, as col- Japanese. Soinetimes the e rebellious' aio Interal accurity, for they would then be in a genuine.** position to know what prospects the various companies hava and they could act according ly. Thirdly, we may lefer to the speech de livered by the chairman of
THE CATHAY TRUST
:
1.
GUNIOWDER TEST.
He looked lorgingly at the carbons
JAVA-BANGKOR LINE.
FOUR-WEEKLY SERVICE TO COMMENCE. IN SEPTEMBER.
Some few months ago, says tha” Bangkok Times, the Royal Packet S. N. Co. put forward tearatively a proposal to establish a line of
of the 1,637 candle power electric lights. September. It is to be a four-weekly service
could take those in my month if I wanted to
Intimations.
Try our delicious CORNED PORK,
CORNED BEEF
and
PRESSED BEEF.
THE
DAIRY FARM 00., LIMITED.
·ASAHI ASAHI
ASAHI
AWARDED.
and"
GOLD MEDAL
SAPPORO
AT.
SAPPORO
SAPPORO
BEER
ANGLO-JAPANESE EXHIBITION.
.PRICES:
4 Dez. Quali.
...$12.00 par case
$13,59. n.
8 Drs. Plots
'H
OF ALL WINE
MERCHANrs
THE
HINA PROVIDENT LOAN · AND
MORTGAGX'DO, LD.
(CAPITAL PAID UP $1,350,000)
Loans on Mortgaga of Honsa Property, &s Gode received on Storaga. Advances made on Merchandise. Loans made on the Provident Syslam,
-
(Rates and Particulara on appiickilos);
THE OFFICE.OF TRUSTEE EXKOUTOR OF WILLS,
ATTORNEY, & Dodatakan and Execute t
SHEWAN, TOKES & 'do.,
General Managers.
141
El »ngkong, 10th March, 100k.
SAVE YOUR HEALTH
in drinking the cheapest and most agreeable Table Mineral Water
COUZAN GATIER”
of Medicine,
Large Bottles 50,30 Deren aan noun $25 Case 50 Bottles...yang
During the last twelve months it is estimated-approved-by-the-French-Faculty that shipping totalling 5,407,500 tons passed through the Suez Cacal. This locloder pas senger and cargo steamers trading to the Far eating feature of this record is the fact that the P. and O. Company contributed 1,157,000 tons, and the British flag altogether accounted for 0.592,387 tons. A comparison, showing the increase in the P, and O. traffic, may be mon- ¡tioned, viz,:~In 1884 the tennage of the com
pany pasting through the Canat was 476,900 tops, so that in 25 years the increase amounted to 981,000 topi
Korea has much Irrigated land. The con-
to begin with and is to be opened with a boat trol of the hard waters is obtained in a japaneto be remasked, casually sheking a handful of chartered for the purpose, but the Royal Facket you Court by a Japacese of a Korean under powder iste his palm. A maich was ap Cq, will very shortly be able to put boat of its control, The other farmers are dried out the guppowder was pene, and thate was not
plied. Phat: There was a spurt of fitowa on the reo, If the line meets with satisface
IF
SOLE AGENTS
***FRENCH STORE"
Hongkang, 18th July, 1910,
YOU DRINK CLARET
want a good Claret.
·
Our stock of Fine
at its statutory meet'ng bold only a few da s and sell for a trifler By such plass buna scar or a burs en the smoke-stained hand taty seppert. The present arrangements have Clarets is unequalled, and contains only the
ago. On that occas on the chairman aonounce dreds of families sie left without capital or of the epcoof man. By way of drisk. Captain been made with a view to carrying night
ed that the company's business would be exemployment, and there is localist, which paiding can swallow bezzling and light the nothing d Gaite has yet been decided as to
fames.
tended to Java and other plics, which, of ends in a slaughter, of a Japanese gathers after Majer firs such as famlag wick and passenger accommodation. But tble company very finest Wines, from the world-famous firm course, would mean up on fi wif morey from Korean robber band, robs, and soon the and when he wants to pat out a fire he simply has such a network of steamship lines in the Sbrogba Dut'as #gsiest this there is
takes up the coals and licks them. I can't | Malay Archipelago.that it can offer special
* aubourcement that capital from abroad Koreaus get "left",When we think' of the has bien mooted to them, "which, if wa¦ admislstration of a are not mistaken, means a funher issue of
C
SUBJECT NATIVE. RACE,.
་
4.
explain it, he said, doctors have chloroform facilities and attractions for a holiday, and of Hanappier and Co. of Bordeaux.
ed me had put jed-hot poker on my tongut, there is reason to believe that passengers can their hoary locks and gave it up. They said, so got lo Bangkok, to any case it is hoped then ice, then pokers e gain, and they just shook if the, manus d chemicals they would ba so the new line will be a permanent addition to strar g thatthey would destroy the cervelisson, the shipping of this port. Wessis, Disthelm When I was a baby my parents found me play & Co., Ltd., are the Bangkok apenie. mouth, and all my clethes were alight. That's log with red hot coals and puiting them is my why i've got no eyebrows. After that they watched me, but I just loved to lick real red- hot pakers. And once thje frapraof business Baved my life. I was with the Red Todicn who massacred General Custer, and they would have scalped me. Bail chewed the coals from the burning fire and looked up to the skies, and they just slumped to their knees in surprise.
shares, and these shores will therefore go to eur minds revert to India, but we hope we try Europe and metics. This is a wep is the right direction, for the mere fact of Shanghai, to help the Indians tola better use of their own, becoming known to the large money co tres country. We do not endeavour to “colonise" should create opportunities for an influx of India, Korea is past hope, but Japanese money from the Lome laces, which will all dreams are extensive, Marchuria is the adjoin hilp to ease the situation.
Here we have
ing ccupy. The treaty securing the open THREE GREAT FACTORS
dow in Manchuria must be an amusing com- which, if properly employed, should go a long position to the Japanese. way towards eating the situation. And if, bo
The trad rs of ether nations find it some sider, it were possible to amalgamuse some of what Hiusory. Japanese goods, for instance, therubber companies and put an attractive pro in ddition to the very wide boundary of the position to the home market, there would celeased territory" through which they can fainly be a cresisio amount of immediate rai Jinf. Wo know that the market at home is percolate, havethe advantage of päriing goods depressed ; but, since the capachy of the which, eeming through the Japanese post of market is very vast, we may possibly succend Ditar, with a Japanese commissioner in con there. The situation is full of gravity and trel, are put on rail, and the Chipare custome derolies upon those men who are mora or lens) responsible for the present crisis to deviso arma, all through Manche.ja must scerpt the Japan-ceived from the Manila Observatory Watch means an indicated abave for the reflet of 18 statement as to contents. They have zot
TYPHOON WARNINGS.,
The telegrams quoted below bava bean, zaż
the attention. If urgent steps are not taken watte sight; of search. The door is open," bat | W.N.W. fear that, instead of an improvement, we shali } *** = foperal collapse from which it will but not equally opay. The search is made in alt
impossibia to extricate stricires for m107 Yakti į other porte. Other rationals dare not refuse. ||* come~Crdifat and Gemmares)
The Japanseo date.
Menilayaugust 31st 7 p.m.""
Events Coming.
Friday, and September.
Gep. P. Lamiert anctión safe of furniture at
sales rooms, 2.30 pm.
Interport Swimming at Shanghai.
Saturday, 3rd September..
Geo, P. Lammert auction sale of Wines and and Spirits at Sales Rooms, Daddell Street, it
Hughes and Hough Auction Fals of Japanese. Cyclone or Typhoon 5. W, of Naha moring Curios, at Salos Rooms, Ice Fouse Street,
2.30 p.m.
Boxing at City Hall, Dili Lawia or, Battling Simms, 9 pm.
Enterport Swimming ni Shanghai,
Mail, September 1, 10:30 am. Cyclone or Typhous N, of Malacosima mor«
We can confidently recommend our clarets for all times, before, during and after meals,
cont discount allowed on large
Fivo per
orders.
H. PRICE & COMPANY, LTD.
tene, zot September,
12, Queen's Road Central,
Hongkong,
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