· 397
THE HONGKONG TELEGRAPH SATURDAY NOVEMBER 19 1910
NEWS FROM the noRTH.
H_M. DOM MANUBI H.,
CONGRATULATORY TELEORIK.
IMPERIAL POSTAL SERVICE, [Specially Translated for the fongkong Telegraph
B.L. Tang Shao Y1, the President of the Board of Posts and Communicatione, has bold a consultation with the Revenue Department on the subject f ̧the-takip over of the Im. geria! Post Offices from the Customs. The
Revenue Department has acquiesced lathe matter and the service will accordingly be transferred to the Board at the end of the cur- rent year.
THE NATIONAL ASSEMBLY,
The National Assembly has petitioned the Thread for a revision of the Administration of the vadous yamees, and for Imperial sanction of the asw-Fena Chide. The petitions have been approved by Imperial Edict.
TRANSFER OF HIGH OFFICIALS
H,F,Shen Kung Pao, the vice-President of the Board of Posts and Communications, into he appolated Goverine of Shantung in place of H.E. Sao Pao Chi, the present Govarner, who will be transferred to Peking to fill the position of vice-President of the Board of Posts and Communications.
CHINA'S PARLIAMENT.
Prince Taal HILD has memorializad the Throne to the effect that China is now lo a very critical situation and that if Parliament is not established before the thine appointed by the -Throne, the people will assume as impatient , attitude, The Prince Regent read the memorial
with considerable chagrin.
PROPOSED TOBACCO MONOPOLY.
C. Prince Trai Tno has suggested the establish- mestol a tobacco monopoly in order to raise fands for the ieorganisation of the Military sta tom. The proposal has been forwarded, to the Board of Finance for consideration:
PUBLIC LOANS. The plan for raising a public losa drawn up by Duke Tsal Tso Fas been submitted to tha Throne, and will be forwarded to the National Assembly for discussion,
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CHINA AS A BOYER:
SOME VITAL STATISTICS,
"THE GREATEST OF THBS8.".
THE SOCIETY OF ST. VINCENT DE PAUL
14th inst.**
Y
TRE CHINESE NAVY,
"ORDER" FOR VITTLESHIPS GALORE, The San Francisco Chronicle published the following interesting-article-at-the-time of
COMMERCIAL,
WEEKLY SHARE REPORİ.
Reviewing the shata burlness for the week, inst. :-toother' doll week has to be recorded with very little business patsing and practically an change in prices,
-Despite the political changes in I pitogal "purchases of Chloe in 19 iz os about 771,000,000 f Cathedral protepted an aspect of gaiety verp Prisco T∙si, hsud's recent vialt to America - Mesin, E. §. K.doozie &"Co. weito on th brought about by thog entupheaval in the pela sula last month and the consequat, change in the form of Gweroment, there are still to be fourd, wa are Cappy to state, loyal subjects of a King who, though exiled by force of circum-
stances from the land of bis birth, still can lay
claims to the lordity and allegiance of his duti ful subjects-all benour to them! It is our plaisani duty to recor a most graceful jocident that took place to-day on the occasion of the twenty-first anniversary of the birth of His Majesty Dom Manuel II. The members of the Bibliotheca Portuguez and a section of the Portuguese community resident in Hoog Long, through the President of the cortu- guese Library na instination distinct and belly dissociated from the Club Lusitano - despatched a telegram to ondon to His, Majesty tendering their datiful congratulations on the auspicious occasion. The telegram was worded in Portuguese and is as follows :-
"MANUFL REI PORTUGAL. "Wood Norton, London "Socio Biblioca Portuguezi leaos vassallos felicitam Voisa Magestade anniversario natalicio.
"ČUNHA,
President."
Translated it reads: "Manuel King Port
uzal" Wood Norten, Leadon Members Bibliotheca Portu,neziand loyal vás ala congratulate your Mrjesty natal anniver sary.
CONIA,
"Fresident." There can be so doubt that this touchi g essage will appeal to His Majesty, who will rejoice to know that near by bir dominions beyond the seas, if there are trail:is, there are at the same time men and gentlemen who have the courage of their conviction and are not ashamed to own that their adherence to King and Country is as steadfast now as when the King held the sceptre of his unstable Throne surrounded as he was by'a kind of traitorous ruffians ready to bound down their A memorial regarding the Bill for a public Sovereign while yet serving the crowo under
LOAN FOR HUNAN PROVINCE,
loan for Huain by the National Assembly for Imperial decision and an Edict has been listed
□ which it is stated that there has been negligence in noi placing the Bill forļthe lean before the Provlacial Assembly of Hunan for discussion before submitting it to the Throne; but inasmuch as it had already been sauction- ed by a previous Imperial Edict through the tacommendations of the Board of Finance, per|| mission would be granted.
I
GRDER FOR KRUPI, GONS
The Fresident of the Board, of War, H.E. Yim Chang, has ordered filty quick-firing gaps
from the rupp works for the Chinese troops. CANTON-HANKOW RAILWAV,
Taotai Jem Ticu Yo has accepted the post of Director-General of the Canton-Hankow Railway.
STUDENTS FOR ITALY.
The Chiuose Minister to Italy, H.E. Wo Chung-liam, has cabled to the Board of educa- -tion suggesting that students should be seat to that country to study the fine ars. The Board has communicated the suggestion to the National Assembly.
solema oath of allegiance."
RETIREMENT OF SIR PELHAM WARREN.
a
The W. C. D. News of gtb inst, states:- It will be fairni with general regret, that Sir Telbam L. Warren, xcío, H.B.M.'% Consol- General at this Fort, has reigned, and that he may be expected to feare Shanghal early in the new year. Sir Pelham Warren's retirem from active work will bring to a close a long, ad honourable efficial career, and his deptriues will be deplored by the Letish commuelty, whose interests he has always ably upheld. and among whom he enjoys great personal papal arity.
Sir Pelham Warren entered the China Can- |sular Service over forty years ago and is tha course of his long career has resided at many of the Chinese ports. In the eighties he was for a long time in Formoso, receiving his pro- motion to the rank of Consul at Taiwan ia 1896 It was while he was holding this appointment that he was instrumental in saving thiricon members of the shipwrecked crew of the Low, den Castle from the clutches of the Formosao aborigines. e' became Consul General in Pankow during 18,9, and while sominally at this post he was in reality Acting Consul General for Shanghai from July 1, 1899, cotil October 6, 1930.
The Burau of Statistică reports the foreiga. dollars. This is less than the imports of Argention or Canada and only to per cool. mars than those of Australia, It is a com siderable goin over the purchases of 1849 89.510.000 dollar, and a long step ahead e, 123,00,000 dollars, the import figuros of 18:9; than a dollar a heat. yel erco lu, 1909 C. loa's Imports were less
The reperi calls attention to the OROWING INDEPENDENCE OF ORIENTAL COUNTRIES
es against their former dependence upon the Occident. Chita's imperis from India advan cod from 39,020,000 dollars inry 8 25.060,000 dellare in igro while imports from Grant Britain dropped from 47,000,000, dollars to 4,000,000 dollars, Paschases from Japan in- created from 34,000,000 dollars to 38,000,000 dollars, while the purchases from the Ualled Stator declined from 16,000 039 duila to 20,500,000 dollars, Imports across the Russian banadsry and from Russian ports in the Pacific lecressed from $540,000 dollars to 9,450 coɔdoit 1, while imports from Contineat al Europe, exceptleg Russie, increased from 18,350 dollars to 10,100 000 dollars. Just how for the producers of the Orient will in the coming years be able to con rol the trade of China in competities with the produces of Europe and America remains to be seen, as does the pace of China's economic and com- mercial development.
Railway construction should and donbilens will mark a
Yesterday, the gronds of the Catholic assoal to those ordinarily austere precincts. A bazaar was held in aid of a charitable society of which too it le is known in Hongkong. His Excellency the Governor and tady Logard, however, know enough abant it to patronize it by their presence atd by substantial help many people, official and official, who have had occasion to learn something of the sufferings of the poor in this Colony and what the Society of St. Vincent de Paul is doing to rellove them, als assisted the bassar and lie benevolent purposes. Up to after eleven aclock the bard of the 13 b Rajputs played, ander the best coo duct ir we have seen for some time, Band matter Coke is an undoubtedly fine musician and has tralued his band wonderfully. Thamusic war greatly appreciated, and was the feature of the evening, with one exception. This was the children. The stalls with every kind of toy displayed naturally attracted the little folk, and it was delightful to watch them carrying off their purchases or gilis, The refresh ent all was admirably managed, too, and nobody had to wait a long time for anything. At these bazaars one usually gets badly saved in the tea-stall but yesterday every blog rau smooth 1. Why was this? We think it was because the people who conducted, the bizarr gave their services for charity with hearts full of love for their fellow men. The Sacisty of 5L Vincent de Paul gives its aid tɔ all, without discrimination of creed of colour. The meme bels are most of them very far from rich, and they of their poverty give to the poor, What is charity? Soms will remember the answer to this question which may be faupɖ in a brok, We recommend inquirers to ask the Secretary of the Society of St. Vincent de faal. It netd. not be an expensive inquiry. Not oly money, we are told, is needed in charity, Personal service is what is wanted and is freely given. The bazaar was a great success; we hope is will be instrumentalia stimulating mar y people ta make the inquiry suggested above, and to act on the advice which they will receive from the truly charitable people who belong to that truly charitable Society.
'THE PANAMA CANAL,
QUESTION; CF FORTIFICATION.
CONSIDERABLE LRAFT ON EUROPE AND
THE UNITED STATES. for equipment and supplies. Excepting the Marchurian lines Chlon now bas only about 2,500 miles of railway, a very slender system for so vast a country; bet savoral now lives are projected or under construction, and another ten years will probably see a considerable in- crease in the total mileage Presumably these lines will create and stimulate, as they have chicbert; demand for a wider range if commodities; for the thousand and one articles of personal comfort and adornment and of houseb Id convenience that ага Dow regarded as necessities by the people of the Occident-telephones and automobiles, forks and chafing dishes, tao shoes and shirt waists, falsa teach and kodaks. At pre sent the foreign requirements of the Chinese are largely rudimentary, a few fon ! sipfis in
· President Taft has aunanecad bis intention emparatively scanty quantity, a relativalpsmall during December to ask Congress for an ap quantity of cloth and a larger quantity of propriatio to begin the fortifying of the Pan- material for the manufacture of cloth, kerosene
ama Canal, The sea coast defences now being dil and a limited asserment of metal and metal urged by President.Taft comprise the following goods. Some day they will probably wALL
armament:-Ten 14 la rifles, 12 6in, rifles, 1812 pintor, kitchen stoves, phonographs, bar fix-in. mortats, besides ao. alaborate system of tures, saction l b:okcases, cold storage plants submarine defences. It is known that the main and aeroplanes. Meanwhile their demand for fort defending the Pacific estracce will be built foreign cotes and cotton goods of all kinds in Susa Hill, and armed with four à la rifi,
six ó in, rifles, and sigh: ta'in, mortars. only about
fart will be named Fort Amador, after the first President of the Republic of Panama. Two other 14 in. fißes will be emplaced on Ancon Hill with smaller artillery, and the Islands of Naos and Perice, to the Bay of Pagame, will
25 CENTS A HEAD,
and their total imperas of foodstuffs for a year would hardly feed the patios for a single day. The Chicese will be impariers on an exten- sive scale only when their wants are greatly increased and their purchasing power s multiplied. The present indications are that for the present at least a wood share of their requirements will be supplied by their im medicate neighbours who know their needs and strive to mact them.
•
AMBRIGO-CHINEse relations.
this ате
This
also be fortified to enablo an American flect to
pass through the canal and form to lias battle of the Facific sids outside the range of noy gun on a shìp that can come within.range of the gans on the islands. As, on both the Athletic and Pacific' sides, app.osch to the mouths of the canal is only possible for large ships through a dredged channel são li, wide, extending three miles out to sea, the protection of these chancels by submaride mines is das On the Pacific side it is also intended to mine the passages between the islands in the Bay,
CHINESE-FINANCE.
As a matter of course great interest is excited in Japan in connection with the Sgures of the
SON OUZBOYS,IN TROUBLE.
THREE YOUTHS/ARRESTED FOR THEPT. 15th lost. Three Portuguese youths were brought up before Mr. E. Kalifax at the Magistracy
Sir Pelham Warren was in Shinghal al It is now a f ct beyond discussion that this morning on elsyan charges of larceny on though the Boxer outbreak and when the Africa can have al it wonts, practically speak various dates. Mr. Leo. Almada appeared for Legptions were besieged and communication ing in the way of concessions in Chins, says a the defendants and Mr. Gardiner represented between them and their Gaveraments inter-Hechi correspondent. It is also an undeniable Mr. Wheeler, one of the complainants in the rupted, he was virtually the British Minister to truth that China is willing to approach America case. The others appeared in person,
Chlon. It was his negotiations which led to rather than any other power in seeking the The owners of the stolen goods and the the famous proclamation issued from Nankio means to escape from her present financial respective amounts are as follows: A Neilson, on July 3190 and reading: "We, the Viceroys dilemma. Some years ago the question of an 33, Robleson Road (55200), M. J. D. Ste of the Liangkling and L'anghu provinces, ua American-Chinese allia ce was first broached fist badget presented by the Chíoció Govern- phons, 14, Upper Albany, ($40,00), Mr. Braid-dertake to hold ourselves responsible for the and this proposition has always been looked ment to a representativa assembly. The enor wood, 4, Babington Path, (314) 00), G. Harlegt security of foreign lifs and property within our spoo with four from bath sides of the Pacific,
mans deficit of 75 million taels shown by this 4. Conduit Road, ($16 50), max. Plummer, 31. respective jurisdictions as well as in the pro- but since the onclusion of the Russo-Japanese budget thoroughly perplexes onlookers. For Koblason, Road ($37.00). A. W.. Grant, 3. vinca of Chekiarg, so long, as the Treaty, Agreement, the movement Bai gained on
the sake o' cleğinezi' it may be well to restale Seymour Terrace $19.00; M: Lamperski, Mel Powers do not land troeps in either the Yangtze added Impetes. Added to
the various excesses of expenditures over chers & Co. 100 00; E. l. Hazsland, 2, Park Valley or the Fravince of Chexiang." This the recent visits of the Americas Secret revenue. They bre 24,8r0,000 faels on account View 10000; Mr. Maud A. Wheeler, 130, undertaking, was, loyally observed on both ary of War Dickinson, and the American of the Central Governments outlay; 18,000,0:0 Macdonald Road $45,00; Bernard B. Harker, a'des, It was.Sir Felbam Warren also who Tourist Party to China and the visit of Prince taels oa account ofthe localities; and 20,070,000 13A, Seymour Terrace 15.00; Mrs. A. Wrebell. conducted negotiations with Yuan Shib.kal, Trai,Hisun to America, all of which bave great taels on account of preparations for the con- has 17, Conduit Read ooo.
then Governor of Shantung, with a view to ly strengthened the relations between the two
stitution and extraordinary continuing ex- "Mi Almada iof.rmed the Court that defes protecting foreign lives and property within his c.ustries and added fuel to the already glow-
paasss. As for the revenue, that of the Central dants pleaded guilty to all charges and asked jurisdiction From Celeber, 1970, to Apeli 17. ing relations existing between both aheres of Government is put at 277 millions, and if it be bie Wortbip not to pass sentence, as delen-1901, Fir Felbam Warres was employed upon the Pacific. There are many rumours afloat sine that one third of this goes to the army and dants' parents would undertake to deal with them special service at Shanghai as Political Officer to just the course, that this cordiality will save, and 51 millions to the service of the severely and would detain them in a reforma- In charge of British icterests in the Yangtza. take, but the most important are the rumours
sational debt, it follows that only 147 millions tory: The first defendant had been previously
He received a C.M.G. on January 1901, was of America's loaning money to China for rail- remain available for administrative outlays. convicted and fired 37; for using a riffs on i definitely transferred to the post of Consul road construction, redemption of public bords, With regard to the provinces the total Chinaman. The doctor was prepared to send Genaral at Shanghal as July, of the same coinage reform and military and naval expan
revenus is put at 230 millions, but „as in a letter regarding the mental condition of year, and in June 1901 was knighted. Eversion. It is believed that Secretary Dickinson this is based on a soniswhat sol qualed thir boy.
aloce that date except for a short period of
bore some Important propositions from the estimate, the figure mag bjunduly small. How. General here. His firmaess at the tians of the Court, dealing with these questions. The seams is glaringly less than its outlays, and it leaver Bie Pelham Warren has, boce Court United States Government to the Chinese car the broad fact remains that the country's
1915 riot rot noly resulted in its prompt sup: American Tourist Party has also created a
ir tolerably certain that if the Senate be javited pression, but also prevented a recrudescence of good deal of fav urable attention
to save the situation, by voting increased taxes, Trouble when the Taota', under thinly veiled China and will no doubt-serve as a great a flat refusal will be elicited. The interesting threats, put forward bis extravagant demands | aid in at along the desired ends. Ameri- speculation, however, is how the 6iances have for the element of the trouble."
caos residing in China are zepresented as being boen bilberto conducted if these immeore de disappointed at the outcoms of these two visits, ficits have existed. How are we to reconcile a as they confidentally hoped that the visits bare total deficit of 19 millions in the provinces with more important sims than simply that of sight the universally accepted idea that the local seeing.. Even with these hopes disappointed straps collect from the people a great deal more hopes on the recent advent of Yuad Shih-kai tive expenses? Probably many people will be the Americans residing in Calas based some mousy than is actually needed for administra- to the capital, for it was thought that the pro-disposed to conclude that the budget presented American statesman would be restored to his to the Senate is not a very accurate document, former favour, As far as is known now, such and that the figures it sets forth do not by any bayan have proved groundless and there is
means represent the exact state of affairs, every reason to believe that they will remain so Japan Mati, for quite a whils to come.-Jafan Advertier,
on the little one.
Me Gardiger I am not pressing the charge His Worship ordered the defendants to be detained la Police custody for three days and to appear again on Friday. The stolen.pro- party was ordered to be returned to the owners. A portion of the stolen articles were pawned in the Le: Hing and Kwan Un pswa shops for $140.00. The donlara have banded the stolen articles to their owners without receiving com- pensallad.
THE JAPANESE IN FORMOSA, MR Uchida, Director of the Formosan Civil Administration, who retarned to Taipeh 01 the and instant from a tour of inspection In South Formosa, Is quoted by a Taipeh dis- patch for the following remarks on the aborigin="
་
Much of Sir Pelham Warren's work has naturally been shrouded in secrecy at the time, but the subsequent results have been apparent to all and the commanity will not be slow to recnguire the value of his services.
We unders and ibat the post of Consul.fiep- eral at Shanghai has been offered to Mr. ED.II. Fraser, C.MG, Consul-General at Wazkow.
FOREIGN SQUADRONS IN THE
PAR EASI
In
THE KINCAOW-AIGUN RAILWAY AGREEMENT:
THE INTERNATIONAL WALK
COMPETTITION AT
SHANGHAI,
The published statement that Charles M. Schwab would meet Prince Tsai Htun in this city for the purpose of taking his order for twelve or Siteen battleships caused a ripple.of merrimen in shipbuilding circles yesterday, The idea conveyed by the published account of the coming transaction was that Prince Traf would be met at the wharf by Schwab, with a casual:
Good morning, Prince. How many battle- ships can I pat you down for this morning?"
"Oh, make it twelve or filles, Charlie, and let them come along by express.
This off-hand way of booking a nation's order
for a roodern wavy meets the sparoval of the shipbuilder, but they amit they do not expect the plan to be adopted by even to new a Daval powar as Colna.
As outlined, the scheme 'was for the Prince to order off-hand a new navy from Schwab, who said to have famished specifications that bad been adop'e Lby the Chinese Government. Iron Works, was conde to stand for the story. Joba A. Me ragor, president of the Union He said yesterday that if the story had not be loo ridicu ous for credence he might have been provoked, but as it was he would content himself with a formal repudistion of the view attributed to him. He added:
Rubbers remained at the sama denā lava until Tuesday, the 8th-inst, when a slight im- provement in Stolog stocks, was cabled from London. Para Rubber is quoted 6a per lb.
Singapore stocks remale in the same lifeless.
condition.
Banks-Hongkong and Shanghai Banks are quated $880, with possible bayers at the rate ↑ the Loodoo price has advanced slightly to CE6 15 Nationals are wanted at Sir.
Marine Insurancos, Cantops are la request
at the enhanced rate of $1771, but sellors are willing to entertain this figure. Ualons have weakoord somewhat and could be obtained at $835. Yampistes are quoted "195 tollers, and North Chloan ure without business at Tis, 1131. Fire Insurances are still in demand. Chink Fires are wanted at $6 and Hongkong Fires at $350.....
Steamboats might be obtained at $p. China Shipping.ongkong, Canton and Macro Manilas, after sales at 58, are la small requast at the rate. The "Rubi" left Hongkong for the Philippines on the 9th instant under the inter-American Ang Douglas Sicanistips are un
altered at $21. Indēs have been done at $58) bat come a little lower at 5 from London, Stor Fenies have not altered from last quota-* tions of Sa3 and St for old and new shires respectively. I helis strengthened to 86/- but are again slightly easier at 85/- sellers.
WILL WELCOME PRINCE. "Mr. Schwab was coming her on Thurs day, anyway, but' mede bis visit a lutle earlier in order to meet the Prince on his arrival. This company has not been in Boy degotiations with the Chlorie Govern meat, except that several years ago, acting la the capacity of engineers, and not as builders, we draw some specifications for that country. Mr. Schwab is is the shipbuilding business, God naturally would welcome any opportunity to build warships for China hot, hands, elsa engaged in the m nofactors of ficel tails, and China is building many railroads.
"Mr Schwab's idea in meeting the Prince is to welcome to this country the head of the Naval Department of the Chinese Government and to affer him every oprstabity to view his shipyards, which is one of the objects of the Prince's visit. Naturally Mr. Schwab wants the Prince to know that he is la a position to sup ply vessels or materials that the Chinese Gov. emoment might want, so that bis company would not be overlooked in the event that bids ware called for."
The Union Works officials made no secret of the fact that they are not ort after large con tracts for shipbuilding in the present condition of the labor market on this Coast. Only recently the company was offered a differilal of $54,000 over the lowest Eastern bid, by Captain Wil helmina but it was compelled to turn down
the offer, and the ships were built in the East,
Charles M. Schwab recently secured two contracts from the Government to build batt e- ships, and they are ow under construction in Eastern yards, for the s. reason.
SECRETARY KWAI TICKLED. The most amused person of all over the battleship story was Yong Kwal, secretary of the Chinese Legation of Washington He has a fioe sense of humor i om the Occidental point of vilw, and the idea that bis country would go out and buy a flock of battleships, as One would devour a chop'sney convulsed him with merrin eot.
American people, as exemplified by its press, After expaliating on the grastness of the
which, lo a single night and with on other material than the smoke could build an entire
et of battleships, Yung Kwal said:
"I don't even know that Chica has adopted a policy of navalexpansion, nor do I know that Prince Trai is anthorized to contract for any battleships. Those things are handled in my coun'ry very much as they are in yours. An impariat edict authorizing the appropriation is required, and specifications b'ds and contracts am required. Mr. Schwab is doubtless coming here to extend a welcome to the Prince, and
offer him such courtesies as may lie in his Werth story of the battleships is the pure e'njecture of a vivid imagiration."
Evidently Yung Kwal dislikes short and glier words, but he felt no doubt of his moaa-
ing.
1RE OIL WAR, 1
Refinerler Chlan Sugars are out of favour at $145 Lorens are wdaker with probab'e sellers at $23.
MicingRaubs are neglected at $53,and there is no business to report in Chineza Engi cabled 19 from London. Feadwaters.ad neering and Mining Co. shares, Tronohs are
..
out business at P. 10 Docks, Wharves, and Gedowns-Hongkong and Whampoa Docks are steady with buyers- at $49 and Shanghai Decks come nomlari at Tis, o from the North, Kowloon Wharver are a trifle easier after sales at $17. Hongke could be placed at the rate.
harves have been done at Ti 95 and more
Lands could be placed at $29. Humphreys Lands Hotes and Buildings-Hongkong
demand at $33 and Shanchal Lands have been ara quiet at $7. Kewloon Lands are still in
done at Tis tio, Hongkong Hotels remain quiet at $97 for the fully paid and $70 for the partly paid shares. West Points are goaltared
at 539.
Cotton Mills.-Ewos coma Tis: go sailors from Shanghai, and Northern mills are an changed. Hongkong Cottons would and buyers at $41.
Miscellaneour.-Chipa Borneos are in some $74. Dairy Farms remain steady at Siy demand at 591, and Chiu. Previdents offer st Green Jslands bare tean done at 5375 in small Inca. Electrics might be obtained at Szo, and China Lights are sellers at St.ro. Watsons are steady at 56 Union Waterboats are report. ed to bave been sold as low as $61, but at this rate there are buyers, Moralog Put a babe been broked at $15.
Exchinga-The Bank's drawing rate on London is on demand 1/te; and the T/T rata on Shanghai is Tlx. 73 5/8.
FREIGHT MARKET,
Mesurs. Lamke and Roggo state in their fortnightly freight cirul rethe amount of business transacted during the fortnight under review has been extremely small, not only bas but also in all other directions business shows Nawchwang to Canton been entirely inactive,
considerable la'ling cff, which most chiefly be attributed to the still prevailing tightness of money, Northern freights have somewhat brightened up but Northern parts soon becoz- ing ice bound will force more tonnage to seek employment in our direction, where also a number of steamers will terminate their present
employment sborily. For prompt loading thera is cext to melting doing and shipping affairs are not in a cheerfal state at the time of writing,
Saigon/Horgkong :-egular linera are booking cargoes at so cents and outside of them there is not the alightest chance to pisca, ton. Bago until next year's crop is put on the market. The newly established line "Compagnie de Navigation de la Crchinchine seems to hava strong position, several steamers of the com- peting lines belog compelled to find employ. ment in other directions.
Rice charters in the South are confined to two settlements from Salcon to Philippines on basis of 35 cents-to- Madila. Funker small darilers offering are unable to obtain a freight. From Bansfor, Salgon to Java sud Java to Hongkong:-There is nothing whatever doing for outsiders. As a matter of fact the, fava Colon-Japan Lija baving over-topply of lon noge on hand had to re-let several of their time chartered boats.
Newchwang/Canton :-There has not been a single fisters done during the past fortnight, whereas reports from Shanghai state that re- pular liners are frequently fixed in the direction Newchwaug/Amoy at 13 cents, "liper terms," Local boan maikat showing to signs of improve. ment, is now doubtful if importers will go
Coal-There have been fixturai in various directions:-Moji/Hongkong $ 7,6o, Maroe ranf Toogkong, P.T., Wakamaiz1/Swalow $2. Port Courbet/Canton $130, Bongay/Palo Brani $3.35, Hongkong Currency, and Labuan/Ilallo $1.90 Straits Conercy per ton.
Time-charters:-The charter ofthe Norw. s., Ele and Prometheus has been extended for a short period on same terms, whereas the Germs, #,5. Sexta has been taken up by the Chlor. Siamese S. N. Co., for Bangkok trade 12 months at $6,000 par month, delivery · middle of
The Note Vork Tiwce prints a long state- ment of the Standard Oil Company. Briefly, the statement ways that, astwithstanding the enormous overproduction of crude oil, 70 new oil companies have been promoted during the last six months on the English and Continental markets. In view of this condition of affairs | the Standard Oil Company has inaugurated a campaign to locrease the world's consumption of refined oil by a redaction of the price abroad, and especially to the Far East, where, with the aqormous popolation, there is an unusual opportunity. In order to accomplish this con- siderable reductions in prices have already been made not only in the Esst, but also in Europe, The announcement is the first shot in an of war which involves the whole world. The form al declaration of bostilities was made last week-end. when it was announced that the Standard Oil Company and the Asiatic Petre- leam Company had cancell d t'eir "telling” and the groops associated with the Astatic agreement. Between them the Standard Ollin for fu ther chartering. Petroleum Company control the safer portion of the world's supply of iceral oil. The capi- tal of the Asiatic Petroleum Company is be lieved to be held is equal shares by three The Shell Transport and Trading groups: Company, the Royal Dutch Petroleum Com- pany, and the Rothschild Interests at Baku. The cause of the quarrel between these great Interests, which hava hitherto worked mors or less in harmony, is supposed to concern the proportion of their rapidly growing output which they are allowed to placs on particular December. The terms of the Kindow-Algun Railway
Tho N. C. Daily Newt has the following in markets.
Sali Tongake loading or to load'i-For Hal its issue of the 'gih inst. In connection with the
Consters lion has been caused in Glasgow | timora and New York Brit, ship Juto-polis (That the amount of the I on shall be left annual faternational Walk Competition, which financial circles by the abire ananancement, 2,5ga tans 'not. reg. to load in November/ open bat the cost of construction of the railway is such interesting feature of the athletic The chief competitor of Standard Oil interests December. shall not exceed the sum of fifty million tatis.life of the Northern Settlement :-
in the East in the Burmah Oil Company, 4 The interest shall be five por cat per annum and the issua price 95.
Doring the past week the various teams have powdiful Glasgow concero, with a capital ap been doing more or less regular work. The proximating two millions sterling. Since the Irish have been out every night, as have also
and of 1905 this company has been working in the Englishmon in training, dolog uranys harmony with the Aslatic Petroleum Company, ranging from six to ten miler. China's repre-but the cancellation of the Standard Oil Com sentative, unfortunately at the moment the pany's agreement with that concern wlil, it is sole competitor of his nationality, has been foret, lead to the dissolution of the existing pating in good work in the Sunday walks orderstandings for the limitation of compati-ket Report says with tho Huglish team, whoso start is from the The route of the railway shall be from Kia Loongfal Bridge. Yangtrapoo is favoured by chow to Algun through the most populous and the Portuguese, who have eight men in train. prosperous parts of the country. The questioning and are doing at p osent four miles daily 3. The oxpansion of the standing fleet la the the subject of supplementary agreements and has yet been divalged with regard to the Scot of coartrye ing necessary branch lines shall be of slow, steady work. Nothing really definite East would betray an aggressiva policy. Firs broke out os Monday afternoon (31st 4 The development of shipbuilding and imbat the materials requ red shall be purchased tish and German teams; bat bith are repo ted ultimo) is a house at Ohaya macht, Kita-ku, provement of arms hays enabled a fleet to from China and America.
to be in barness. It is to be hoped that out of Osaka, occupied by oan Fukuzawa, a match accomplish distaat navigation, as was prored'
the great number of athletes to be found *****manufacturer. Faoned by a strong wind the by the Baltic Fleet doring the late war. A FOR BOMB Considerabla dima.an agreement has amongst the pupils at St. John's College, the .firo soup spread, and before it was finally got powerful feet cau'd therefore be immediately aristod hetween several of the leading abippingV. M.C. A. and other native lostitutions teams aader eight honzes were completely, and two dispatched to the East whenever such necessity Hoes as regards freights from Antwerp to Chlos may yet be get together before the closing of others partially destroyed. A linte gil five occam. yearsofage, whi happeged to be playlog la an
As, however, certalo loco bave recently been the entries on the 5th instant The Indiin The development of shipbuilding has cuting rates, m re particularly for fron, which who won last year's competition is getting into apper room of the house where the fire briginas iccreated the speed of warships, and the com-bas bien, ho kod at 151, the 8ħpping Gozitia very fit condition, and some of the individual ted, was barat to dosth. The fire is suppored piction of the Panama Canal Will greatly correspondent understands the conference has contestants are playing the game merrily. The to have been cosed by the Izaition of some shorten the distance between the East and decided to take anergetic measures to stop the subscription list is balog bandsomsly subscrib- sulphur with which the children in the house West. Thus it will be an easy task to send a competition. The P. and O Compan willed to and everything as far polote to a very had been playing
large fast to the East at a time of smorganry, take the initiative by accepting fron at so
enccuratul galbering
A JAPANESE STATEMENT.
tain Opuri of the Navy Department explained Before a committee of the Kakuminto, Cap- why the powers keep insignificant, standing. Advertiser, he gave the following reasons:
**Over ten years have now clapsed since Japan assumed control of Formors, but order has not yet been palecily established in ibe. Island and much is sull hoped from the ability and discretion of the administrative efficials. The aborigines a o very brave and determined facts in the East. According to the Jane Agreement are inter alia as follows:- by nature, but they are equally sincers and simple. When they once submit themselves to the Japanese authorities, they love and respect the polico, just, as children do their parents The aborigines are very materialistic
1. A powerful standing flet in the East would be exposed to great danger in case of stages in the East in point of geography, war with another Power which has better.ad-
in their ideas, but if the law is impartially and transportation, naval barca, etc. Should the justly admloistered, they can be easily ruled.ficst be annihilated a second dispatched from It is the duty of the a ministrative sattorities homa would also meet the same fate. This to transform them into good and faithful sub. Jects of his Majesty the Emperor, and all off-late war.
was the case with the Russian Navy during the clals in Fo.mosa, high and low, must be fully Alive to the importance of their duty,"
FATAL FIRE IN OSAKA,
CHILD BURNED TO `DEATH,
7. The maintenance of a powerful standing flest in the East would jeopardize the main flort at home, so that it would be difficult to keep the balance with the home fleet of anothe?
power
(3) The Uliector-General of the railway shall be Chinese appointed by the Osinese Givera men and the Chief Eaglacer shall be so Ameri Cap $7polnfed by the Americas Capitallats
The security of the loin shall be be property of the railway and the Customs duties of Man
churla..
tiaa,
OUTTING THX QUBUE,
Sail Tonnage Disengaged :-Noos. Departure of Sallers-Brit. Barque Arrow 5,971 tons 4th November for Baltimore and New York.
SHANGRAI TRADE, Melbart and Co.'s Plece.Goods Mar
Our market has been inactiva owing to the native quarterly credit-renewal day with the Olinese banks and their clients, which is now over and also the race holidays which have discarding of the quese bas teen formed by a somewhat better feelleg about, the Yam mar It is interesting to note that a society for the Intervened. There seems to be however a number of the prominent members of the ket blug the chief indicator at present of an Chinese community, In Hengkong, says the Improving demand. Szechwan buyer ara most- Peking Daily News. No pecuniary Interests y la evidence, the other dependencies patting will be involved. Persona desiring to become forward very little inquiry up to the present. It members hrun only to sigally their desire to do is expected that Newchwang will be a buyer of away wilt the queue on the drst day of the supplies as soon as the Manch sian bean crop
h moen, but they will retain their Chinese begins to move in quality, but up to the pre costume. One of the rales laid down is that seat the principal exparters are tolding off from the society is non-connected wi b political mat entering the market as prices are high consid tors. They discard the queue simply because ering the fact that the crop of beans in Man they think its useless. bis is the first wochuria tais year is enormous, and in estimated have heard of the queue-cutting society of to be as much as fills par coat, greater than Hoogkong,
ast year in the Kwangohening 'diairlet,