THE HONGKONG TELEGRAPH.
U. S. BID FOR SHIPPING MILLIONAIRE'S RISE AND
SUPREMACY.
Increase 61 Times Larger Than British.
FALL
| Liabilities 634 Millions'; Cash Assets, £3. 58.
JAPANESE TEXTILES.
Trade in Cotton and Wool. In an article over the initials "EG.T." in Commerce Monthly the Since 1914 the increase in sea- -The ups and downs of men who writer states: The transformation going merchant ships owned in Plunge wildly on the New York of Japan from a large importer of the United States has been nearly Stock Exobarge are dramatically textiles to an important competi- romantic tor in the international expart 61 times the increase of similar emphasised by the ships owned by British firms, the [career of Mr. Allan A. Ryan, son trade in these goods, is one of the toppage of the respective in. of Thomas Fortune Ryan, the most striking of the many changes. creases being 10,669,000, as multi-millionaire copper opera.which have accompanied the rapid industrial development of that against 176,000 only.
country. To-day, Japanese fabrica of silk and cotton are widely dis tributed throughout the markets of) the world, and even the Japanese wool industry, although still in its infancy, supplies a large pro-
This is one of the many strik-
lor.
Starting with little capital, he ing facts given in Lloyd's Register accumulated a fortune of six
million pounds. of Shipping of 1922-3.
|
Now he has failed, and his In spite, however, of the im mense strides with which the factual cash assets are put down United States are catching us up. [at £3 5«. the United Kingdom still heads While the young financier's portion of the domestic demand, the list of maritime Powers, even ples in the involuntary bank-and produces some cloth for ex- without the added tonnage of the ruptes list gives the liabilities offport. How recently the expansion British Dominions.
his brokerage firm as $32,435,477 has occurred is witnessed by the Figures for seven of the great (nominally £6,500,000), of which fact that exports of textiles, ex- dollars 15 given clusive of raw silk and other crude est seafaring nations, compared $27,806,904 with those of eight years ago, as covered by collateral securi- materials, which in 1900 were ties held by bant, his actual cash valued at only $28,000,000, in 1918, Tonnage. assets are put down as only $16 when war activities were at their 855 normally, about 65s, height, had reached a total of about Country, June 1914 June 1922 or United King-
and persons effects at about $320,000,000, and were well over $200,000,000 in 1931. In the last- dom ...18,877,000 19,053,000 £30. British
Even 40s, owing to a toy shop camed year these exports repres inions
1,407,000 2,201,000 is included among his liabilities. eated more than one-third the Property, insurance, motor cars total value of merchandise ex- United States 1,837,000 14,306,000
1,642,600 3,325,000 virtually everything he possessed ports from Japan. 1,918,000 3,303,00 has been sacrificed in the war he 1,471,000 2,613,000 has waged with the New York 5898,000 1,783,0oStock Exchange, which in June
Jepan
France..
Holland
Germany
Domo-
DOOM SEALED.
This conflict
arose over
Up to the present time, the large trade in textiles has consisted mainly of inferior and casreely
1920 refused to accept his rea-woven materials. In order to ex- GREECE AND GERMANY.
ignation and expelled him. pand its trade, however, Japan is how endeavouring to produce iner Apart from Germany, Greece
zoods, and to improve the general; is the only country cow own-
aquality of textile exports. In this ing less tonnage than in 1914.
and The figures for Germany show corner he effected in stock of the effort Japanese Spinners that, from the position of the State Motor Corporation, which weavers will come into second greatest seafaring Power be controlled and by which corner direct competition with western which she held in 1914, she has he cleared anything from a
million to $1,650,000. dropped to ninth on the list.
In 1914 the United Kingdom. He caught traders big and little owned nearly 44 per cent. of short of stock, and ran the price the world's seagoing steam ton-up from $150 to $1,000 a share.
When asked for leniency he nage: bet present percentage is
instead published a list of Stock 33.2.
Austria-Hungary, which is now Exchange embers who, he said, shown in the tonnage list as "ail."were among the shorts. A settle owned 1,032,000 tons in 1914. rent was ally effected at $550
From that day his financial doom was sealed.
Since last year the world's a share. total team and motor tonnage has increased by 21 million toas.
METEORIC VARREN.
manufacturers.
PRODUCTION COSTS.
of western
more
milla much More-
THURSDAY AUGUST 31. 1922.
DAIRY FARM NEWS. J.T. SHAW
FISH
Just landed direct from the Scottish Fisheries
Fillets
Haddocks
Kippers
65 cents per lb.
60
50
LATEST TABLE DELICACY
Squab Chicken (Dry Plucked)
$1.00 each
THE DAIRY FARM, ICE & COLD STORAGE CO., LTD,
"PHILIPS"
A PHILIPS LAMP
Is A PERMANENT
ECONOMY
·SOLE AGENTS
Holland China Trading Co
Hong Kong
A MYSTERY MAN AND HIS DUCAL NAME.
The need of baging more ex- pensive raw material, the increase in working hours, in addition to in labour costs and the reduction the unusually high cost of plant and equipment, make the differ- ntial between operating costs of Japanese milis and those lower than formerly. lover, in the production of tine
finished fabrics, Japanese msou-operation the recent increase in Germany heads. the list of
factures are His Stutz exploit was the culmi-
at disadvantage wages is taken into consideration. nations with the largest in-
because of the lack of skilled it is evident that Japan is no her shipping having nation of six years of frenzied out. The sill workers rarely longer a country of extremely low creases, grown by 1.131,000 tons during speculation, in which, starting hold their positions long enough production costs. Sooner or later. the rear. British Dominions have with relatively arosil capital, he added 258,000 tons to their prometed a dozen big companies to acquire great proficiency in wages will probably fall below the
The New York police have been Because presear high point.but in the face any part of their work. merchant fleets, but the British one kind and another. At one of the low wage scale which pre-of the growing labour movement pazzled over the identity of an tonnage has decreased by 231,000 time he operated in as many as vailed in the past, it was not pro-in Japan it does not seem likely old man named Edward Euston,
to the three pools" simultaneously, until
wage scale will ever whose body was now lying in the fitable to install time-saving and į that the large amount of tonnage sold in the autumn of 1919 he admitted labour-saving devices. These can again reach the level which morgue.
that his private fortune, including
Ca-i He was a night watchman at now be used to advantage, but prevailed prior to the war. banky, amounted to $300,000 the skill needed to operate such economical methods or operating the Atlantic and Pacie Steam-
complicated machinery will have plants and of transporting fuel. ship docks. tromically 40,000DCO)
toos, owing, ao doubt.
abroad.
OF. v. (DAL FIEL
A total of 35.00 steamers, motor vassels and sailing ships. representing 9,750,000 tons of shipping, is included in the register. The world's total ton. nage is given as 35.802,000, com- pared with 42,314.009 in 1914.
stocks, bonds, and cash in
forth a hand to save him.
Not Related to the Grafton Family.
to be acquired In the manufacį however, can be remedied, aud in On a search being made of the In the course of his neteoric
way operating costs can be room in Brooklyn where Euston career be bad many clashes withiture of coarse fabrica, for which thi the Stock Exchange authorities, !
unskilled)reatly reduced. It is upon these had lived for many years, there irheap material and
discovered photograph labour suffice. Japanese manufac-jezonomies, as well as upon the was but the Stutz "corner" was the
Upon the back of this photo- as: straw, and apparently his turers will retain some of their attainment of greater skill, that taken in London 50 years ago.
future expansion of the formor advantage over western the famous father refused to stretchill owners; the increasing pro-¡Japanese textile industries large. graph was pasted & London news- i
Mr. Ryan, senior, has been deduction of cheap cotton goods ially depends.
Chios however, bas sansed Japan- scribed in Wall-street as a grea: financial power, Virginian to their cotton men to fear the gra recordet.
dual loss of one of their chief Only 10.6 per cent, of Great core, but of Scots-Irish descent.
markets for coarse cloth. This He started life as clerk in a Britain's merchan: marine isi
on coal for Baltimore dry goods store: at 23 danger they are striving to elim-
A reduction in sailing tonnage, and a great increase in vessels fitted to ban liquid fuel is
now dependent fuel.
Since June,
1914.
&
12-
duction of 932,000 tons has been made in the world's sailing ships. The United States, however, has added to its sailing ships, and owns 41 per cent. of the world's sailing tonusge.
Dow
In 1914 there were 364 steamers of 1,310,000 tons burning oil fuel. The present register includes 2,793 Buch vessels, whose tonnage is nearly 11 times that of
1914.
FACING-BOTH-WAYS AEROPLANE."
FOUR JUDGES WHO WERE DUNCES.
paper cutting which told of the life of Henry James Fitzroy, Earl of Euston, who married Miss Kate Walsh against the wishes of his father, the then Duke of Grafton.
The
found
1
- MASONIC APRON. was member of a Wall-streetate by the establishment of a Never Won a Prize-at School.
also police The interesting revelation that brokers" firm: three years later large number of Japanese cotton
the Stock Exchange: and armill in Coina, where manufac four juizes in the highest places Masonic apron bearing the crest 35 the right-hand man of the late turers have the benefit of mini-ion the English Bench to-day had of the Fitzroys. William C. Whitnes in tractionmum costs of both raw material never received a prize at school, and labour. There will always and were generally at the bottom development in New York City.
Long before Whitness death a considerable demand in the of the class. was made by Lord he was the big man in the vast international markets for coarse Justice Scrutton in distributing corporation they and their ass-cotton goods. Future expansion. prizes at Carist College. Black
however, will depend largely upon beath. ciates had built up.
the production of a higher grade of cloth.
WOOLLEN GOODS. War demand greatly stimulated
From these relics the police are inclined to believe that the dead man may be some relative of the Grafton family, and they cabled to London for information.
TEL. 672
CLOSING UP SALE
-WILL COMMENCE~-. ---FRIDAY 1st SEPT.
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SO DON'T MISS THEM.
NEXT DOOR Hongkong HOTEL
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IGENTS FOR
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Old Chateau Brandy Santhagen Brandy
CALDBECK, MACGRECOR & CO., LTD.
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A sure cure for Prickly Heat and other skin irritation caused by the hot weather.
OUR PRICKLY HEAT LOTION & POWDER
50 cents and $1,00 Obtainable only at
THE
DISPENSARY
THE COLONIAL described himself as Cock. single, born in New York
in 1860.*
די
A Reuter telegram from New They Wele now among the York says that a small life in- He soon became a notable force
most trusted of judges, he added. surance policy was found in the in political affairs. It is on record
and they had been appointed dead man's room. It was issued that once Whitney and Ryan were pressed bard by enemies in Wall)
because they kept at their work to a man named Euston on July Street, and when at a moment of the Japanese wool-manufacturing They might think that it
life. 16, 1897. The policy does not and bad developed late in
name any heneficiary. WEL crisis two millions of money wore industry. During the war France I sometimes the finest flowers that In the application for the policy needed. Ryan produced it and and the United Kingdom became
the latest. He was Euston bloomed seved the day be borrowed it the principal purchasers of moss interested to know that the hogs from a bank through his office seline de laine, and exports of bor.
this material to British India also at that school selected their own
prizes. Mr. Ryan has been described 24 showed a marked increase. Or-
He noticed one. "Redskins on the most daring plunger in New ders were received from the Rus-
He would like to of the Warpath. Direct Reversing Without A York--not so much a speculator laian Government for woollen cloth read it, and be thought it was Euston.
in shares ss manipulator of for armor uniforms. After the corporations
close of the war exports were healthy sign of the time that a greatly reduced, and the importa-boy should get what he could
eajoy. tion of wool goods began to in
He supposed the lads thought its direction when in flight with- A sudden impulse by a woman
to themselves. "That old buffer out turafag round. It is an has saved the famous "Beaver At the present time the cost ofis pulling our leg." He was not. Americao engineer's inven- Hut" in the Strand. It was built living is very high in Japan, and He wanted them to think he was
as the result of an appeal to the high price level is having a talking to them BN A represent
Tom.
Having two tails and two bodies, a new aeroplate has been designed which is able to reverse |
tion.
BEAVER HUT" SAVED.
crease.
This Two-way" machine, as Canadian mothers for the welfare untoward effect upon textile ex-tive of the boys of England. it is called, is a kind of Siamese of their men during the war. Miss ports of all kinds. Each branch They knew the Harrow song. twin of the air. There is one set Jenette Dicks, of Upper Brook-of the textile industry has its own Forty years on, when afar and of wings and struts as in ordinary street, W.. tells the following peculiar problem, but reduction of asunder.
craft.
NOT A RELATIVE. Nothing is known in London the identity of Edward A Press representative was in- formed by the sister-in-law of the Doke of Grafton that Euston could not be a relative of the duke.
"The duke does not know who he is," she said. "Reference to the Pesrage shows that he cau- not be connected with the family."
The Earl of Euston is the title which is borne by the eldest son of the Duke of Grafton, but the
beir of the present duke is bis
story of its purchase: "Acting on costs is a fundamental necessity Parted are those who are sing-family name is Fitzroy. The The "Two-way can be started mere impulse, I hopped off the common to them all. Japanese ing to-day. with either end forward.
bus and inquired what was to be manufacturers fail
to watch
In 30 or 40 years' time most of grandson, the 8-year-old Vis It does not require a large land-done with the bat. On being told small wastes, and, on the other the old people would have long count Ipswich.
Henry James Fitzroy, Earl of! ing ground, for it can take-off or that it would be destroyed I at hand, sometimes practice the since ceased to take any interest be brought to rest in a very short once made an offer and bought it. wrong kind of economy, by the in the affairs of the world, and it Easton, eldest son of the seventh distance. In this respect it is like I felt that it would be a pity if substitution of inferior materials, was the boys in the schools to-Duke of Grafton, died in 1912 at 'a belicopter.
this distinctive building, of which which causes loss of time and day who would 51 their profee the age of 64. This man married There is one engine and two thousands of our overseas soldiers labour, and increases instead of ions, be their soldiers, and fo May 1871 Kate, daughter of propellers, only the forward one must have such happy recollec-reducing costs. Although Japan's admirals. of which is used when the ma-tions, should pass away for ever. coal resources are ample for both chine is in flight.
So I am going to have it re-erect present and future needs, fuel is
A swivel seat enables the piloted amid rural surroundings at an item of constantly increasing to swing round in order to get a Hambledon, in Buckinghamshire, expense, because of the inefficient clear view straight ahead. „ exactly as it was." It is suggest methods employed in transport
Timesaved by reversing instead ed it may become a place of piling coal.
of flying round in a wide circuit grimage for Canadians visiting When, in addition to these is considerable,
this country,
factors which make for expensive
WHY ·CHANGE
YOUR WIFE ?
Jaha Walsh. She died on November 24, 1903, nine years before her busband. There were no children of the marriage.
To take no risk when you bay A MOUTRIE ·PIANO.
Gharofæed for seven yakin,-- MOUTRIES, Chater Bond.
Tel. No. 1877. 14, Queen's Road, Central, Tel. No. 1877.
"WHEN YOU THINK OF. BETTER SOUP & PUDDINGS
THINK OF
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