1912-09-26 — Page 4

· Hongkong, April 11, 1912. 2

HIGH EXCHANGE IN CHINA:

CABLE LAID

THURSDA PTEMBER. 26, 1912

ntimations

HUMPHR TAYLOR'S LIQUEURS.

THE CHINA MAIL.

THE HONGKONG ROPE MANUFACTURING C... Ld.

Established 1883

HANUFACTURERS-QF

PURE Manila ROPE

3 STRAND

to 15%

5 to 15 CIRCUMFERENCE,

Oil Drilling Cables of any sire up to 3,000 feet in length.

Prices, Eamples and full particulara wit be forwarded on »pplication tó

Shewan Tomes & Co., General Managers,

Hia Britannic Majesty's Ships on the China Station.

Okuna

Capt. C F Corbert, M.Y.0.

La Comdr., Briskenden Ta. Comdr. Maxwo!F

Capt. A T. Hunt, 0.5.1.M.

ZŁ, Comò, H. D. Manyat

Tona, Gu

1700;

€2000

Bramble Brit

4 STRAND

Cadmits Cherub

gunbost rivaz gunbons Bloop

Commr. B. PE

'water tank and tag

SO4

Mastor H. Smith

-3′′′ to 10′′ CIRCUMFERENCE..

aloop

IDEO

·1400-

Coxide. B. R. Venla

Defence

cruiser, 1st clas

Capt. Beory H. Bruce, M.VO

Fame Flora

torpoda bost destroyer"

Lien Comdr. H. S. Monroe

cruiser, 2nd class

£360

7000

Handy

torpedo bost destruyar

·4000.

Janus

torpedo bont destroyer

.5900

Kont

cruiser, 1st class

22,000

Kinsha

Merim

Minotaur

sinop

river gunboat

1200

1340

Capt. FC: Pasco

cruiser, 1st sla

14,000

,000

Capt. G. C. Cayley

Monmouth

cruiser, 1st class"

£100

1100

Caph B. F, F. Barttelie

river gunboat

BOG

cruiser; 2nd class

tive gunboat

torpeda bost destruyer

350

.8300

artiser

cruiser

5000

torpedo bont destroyer

200

2000

depot ship, submarines

980

1400

rivar gunboat-

418

940

river genboat

·Tamar

torpede boat destroyer receiving ship river gunboat

4630 f

900

river gunboat

710

900

torpedo-boat destroyer

300

7500

torpedo boat destroyer

35A

6300

surveying ship

620

terpodo bont destroyaz

580

7500

torpedo bont destroyer

360

程

-5900

Comdr. G. B. Hartford

tiver gunboat

19%

no

Com. M: H. Wilding--

river gunboat.

150

Lt. Com. M. Finelwood

eiver gunboat

150-

500

Tit.-Coudr. G. F. A. Mulock

sabmring

Hongkong

Hongking

Là. Comdr. J. R. A. Chirington.

Hongkong

West Fiver

Weat Hirer

West River

380

བྷཾ` 2《0;

Lt. Comdr. G. P. Leith Capt. G. P. & Bunt, D.3.0. Lient-Com Maloom Murray Lt. Cmdr. E T. H. Chañabar Capt. F. H. Mitchell

La femer, E. J. G. Maskiscon

L-Camdr. N. E. Archdale

It-Com. Allan Dixon

Lt.-On I. A.-8.

It-Comdr. Maurice B. Lealie

-B 8500 Gunner E. J. Trilla

Commodore P. H. Anstruther, CMA

I-Comer, Hon. G. Stopford

Lb-Com. B. R. N., Cottrell-Dors

"It Condr. B. W. Binett

Elite Com. H. D. Adair Hall

Tt-Comdr. F. A. Reyne

Comdr. Seymour

Hatton,

TELEPE

SARNER, QUELCH & Co.,

Sole Agents.

636.

LYONS

#

BY CHAN BEL-GENERAL GEDEGE E AND ON

HONGKONG, IN THE LONDON-

AND CHINA EXPRESA.""

Fr. China gouerally works especially to Moorhen

the benefit of American cotton goods.

Nowenstle The Chiro consumer generally can

Nightinga affont to buy the higher grade America

Otteriz goods and to an unusual extent doet m The manner in which Chiurse foreign There is also an inereus in use of Pegasus trade in recent years has depended great luxurios. High exeliange notably in Prometheus. ly on the exchange value of silver has creases imports of jewellery, watelies, and | Ribble been indicated in various articles in Daily clocks, foreign toilet articles. foreign Rosario Consular and Trade Reports; and is be- clothing foreign foodstuffs like flour, Robin 1880 coming recognised to a greater extent by foreign hardware like enamelled ware, Sandpiper

the exporters and importers of the United tools, and the ke; in short, most foreign

Snipe States. It is of unusual present impart. goods which often are too expensive for anco, being generally recognised by all the Chinese consumer, Goods of stan trale authorities, in the Far East that the dand Chinese production and consump high exchange vaite of silver, since last tien, but often imported from abroad, Teal

such as sugar, rice, leather, and the like. Thistle are greatly affected.

BLT BLACK, SCARLET AND CHECKING INKS, fall, and particularly notable during the

GLUCINE,

(The finest mucilage on the market).

Obgble only from

STERNBERG'S (SUB-AØGENTS),

ULD POST OFFICE BUILDING

Agent for Hongkong and South Cama:

H. STEPHENS,

19, QUEEN'S ROAD CENTRAL

Hongkong, April 17, 1913.

NOTICE

first half of 1912, marks the beginning of a high exchange period in the Orient which is likely to consinue for some time, probably several years.

Taku

Unk

Woodcock Woodlark

While high exchange thus stimulates Virago foreign imports, however, the country, Waterwitch as a whole, goes into debt for the goods, Walland While there is to certainty about any and a period of high exchange and high Whiting such matter, and exchange song fall at ports in Chius gearrully is followed by woun Day time, it is generally considered that marked and even disastrous reaction, the revolution in China and demand for The immense imports of American cot. cash payments following restricted cre- on goods into China during the high ex- dits, have led to an incressed demand for change period of 1905-1907 were followed 88 » silver which in itself will raise its price by the collapse of 1908. In the long run 37 in exchange above what it has been for it is doubtful whether periods of high 38 several years. The necessity for funds in exchange are not unfortunate in their 0.35 535 China for establishing the new regime effects opou Chinese import trade as a and effecting some pressing rulers whole. There is strong reason to believe (which has been the subject of tentative that periods of moderate to low exchange arrangement between, foreign Sasuciers mean more general prosperity in China and the Chinese Government), creates an and a safer and more permanent foreign-

THERE IS ONLY ONE PLACE for the BEST MEAL in additional demand for silver in referm. trade.

--

HONGKONG

Alexandra Cafe.

The Best Bread made in Hongkang.

BOB HOWARD, Sole Proprietor

Hongkong, September 17, 1912.

THE WISE

SY THE

1165

ing the currugey systora. Eleinents in the increased demand for silver being so many and varied all Eastern authorities agree that exchange will be high for some time-the only quication being how high. ATWO-SHILLING DOLLAR "PRESENT

TRADE TENDENCIER.

Forward their Parcels and Cases, etc. the fact that in 1906, when the average

China Express Co.

THE OTHERWISE

TAKE THE CONSEQUENCES.

Do not add to the trials of every day life by trying to ship your own effects, curice, etc. We zorward packages of any size, shape or weight to ALL PARTS OF THE WORLD AT LOWEST RATES.

Connections with the principal Express and Forwarding Agencies throughout Great Britain, the Colonies, America and the Continent of Europe,

Packing and Warehousing

Baggage Stored or Transhipped.

CHINA EXPRESS CO..

ESTABLISHED 1844). DUDDELL STREET, (OPPORITI " Landekar's Atcrror Rooms).

King Up Telephone No. 668.

Hongrow, June 1, 1913

WEEKLY NEWS FOR

HOME

The Overland China Mail

Order

FULL REPORTS.

LATEST INTELLIGENCE,

you may receive. It

«La fake imati fncluding postage, THE CHINA

Home

Bankers in Hongkong generally agree that there will be at least a two-shilling dollar Hengkeng dollar at c. 48 gold or more. The general influence of this movement qu trade may be realised by value of the baikwan (or customs) tael in China was c.80 geld imports of China were valued at $328,216,003, and exports only $199,165,391, while in 1909, when the tnel was of e.63 gold imports were valued at only $203,439,582, while ex. porte advanced to $218,505,473.

RISE, IN COST OF PRODUCTION—GENERAL

EFFECTS.

In

0:31

river gunboat

Aubmarine

suhmarine

torpedo bost

torpedo heat

torpadu bost

a

430

Lt. C. Godfrey Herbert Lt. Comdr. A. A. L. Fenner

Lt. Comdr: Woodward

L. Comdr. Murphy

Lt. Comdr. Nicol

Flagship of Vice Admiral Alfred L, Windoe, R.C. B., 0.7.0.0.1.0. Commander-in-Chief.

Nume.

Foreign. Men-of-war on the China and Japan Station.

Fu and description. Tons, Guns, H.P.

45 8000 Kaiser Franz Joseph 1 Austro-Hungarian cruiser 4000

French armoured crtiser 10,014 Dupleix t

French armoured cruiser. French gunboat

Feiho

Captains Cant. H. Nauta

Last report

30 20,000

Capt. Yerzos.

Shanghai

9730

12 18,600

Capt. Goate

10 7200

Linut. Vandur

Saigon

French river gunbost

French gunboat

180

129

570

Lieut. Dordet

500

Licut, da Jervillim.

Canton

French gunboat

130,

Lieut. Collin

French gunboat

Lieus. Dapuy Dutemps -5.

Tehong Kin

Saigon

Saigon

+ Flagship of Rear Admiral Culloch do Kerillis, Commander-in-Chief, the French China Station.

Present restriction of experts froin China by high exchange is likely to be czceptionally marked becagise cost of pró duction of nearly all standard Chinese goods is constantly appreciating. matting, for example, while there may be abundant straw and other supplies, the higher cost of labour, its scarcity and increasing independence, all restrict trade, while decreasing prices for goods on the basis of the same level of price for the goods in the United States in | Klsber taking the margin of sales here below the Decides possibility of manufactum In silk and.

Armaa tea aul other enanodities whose prices are fixed more or less by world demand Vigilante and supply, the Chinese producer works at an increasing disadvantage as exchange | rises, and, with the prospect of good sup Dondard de Ingres Present general trade prospects in plies in both great staples in other coun- Chins, therefore, indicate increased Chi-tries where production is based upon a nese imports and decreased Chinese ex cost in gold, the disadvantage of the Chi-Lynx ports. This has already been exempli. fed somewhat in trade for fire first half nese producer is becoming more and more Protes marked. of 1912, although local and temporary

For the American exporter the prospect conditions have led to soche modification of the general movement. For example. is that the next year or two. in Chins Fronde interference with trade during the first will be one of the increased demand for months of this year, caused by lack of his goods, probably followed by more or protection for valuable cargo passing into less of a collapse in trade, a time when the interior and restriction of genera present sales may be encouraged with a Mousquet credits following the disorders caused less view of introducing American goods, but Manche import trade than would have developed which should be looked after carefully as otherwise. Great quantities of foreign against possible future disaster. In par goods, American cottons among them, ticular it is strongly probable that the were ordered and brought into Chinese restoration of anything like normal condi. Emden ports and Hongkong, but have been kept tions in China will witoess u demand for Gusschau Warchoused somewhat ever since because American and other foreign entton goods Iltis

Jagust of the impossibility of selling them. The comparable to that of 1905-1907, which volume of such goods leaving Europe and can be interfered with only by a high Leipzig the United States since the middle of the range of prices in the United States and last calendar year has been such as to other producing countries. give American and European traders a

false idea of actual trade conditions here. ...

French sub-marina

Lieut. Bulvix

French sub-macizo "

+ Styx

French armoured gunboat 1798 French destroyer

1700

Lieut. Guillame-Locis

350

303

Kjent. Auxiline

French destroyer

French destroyer

Cupt, de Frigate. Rodiacă

French destruyar

130

307

300

Ganda, de Marquessa?

300

- French surveying-ahrp 1625 10

9000

Comdr. Voisin,

Therville

Pistolet

#lagship of Capti (mmodom Boucicaut, Commanding iba. Soon) dinfarina, Indo-Chi

Captr. Restret

Captain y. Calar

12 1300

121500

11,000

1360

Comdr. v. Gobra. Comdr. Vanselow

Capt Bohncke Comdr. Bendermann. Capt. Morsberger

Capt.-Lieut. Jartmen

Capt. Rosing

Capt. Lent. Berrenberg.

German cruiser.

3600

German armoured craisor 11,600

92,13,500 36 28,000

German gunbot

900

German gunbont

900

German cruiser

3230

20

Lachs

German gunbost

.900

Nürburg Otter

Scharnhorst

German cruiser German river gunbost - German flagship German torpedo-boat

22-13,900-

1,600

35 28,000

6500

Vaterland

Calabria

Macho

German torpedo-bost | German guubost German river gunboaf Jerman river ganbost

Italian cruiser

6000

Obli; 1. S. Classssori

Comdr. Lappe

1300

Capt. Lieut. Feht,

500

Oble. 8. PriZ

2143

Camdy, Soumi Picenardi

Partagame gunboat Portugucos gunboat

Capt. Martinsi

Captain J. Milheiro.

Easiga J. Mol. Mures

Ensign J. O, Vaiz da Car

7500

Local firms, loaded with these great Judgment has been given in an action 9.90 stocks of goods have complained loudly against the owner of the junk Ningpo. Takn that European and Americes firms have taken by four of the crew, for four Tiger crowded them by forwarding goods or mouths wages said to be due them..

Tingbat dered with different conditions. In view Evidence was led at considerable length and the inability of Chinese middlemen and as a result the verdict was given in to take goods off their hands under con favour of the defendant. ** ditions which afford them the necessary Mr. G. F. Curtis has filed a petition for safety. At the opening of the year a rehearing, on the ground that the daci- Shanghai had in warehouse about Tha.sion was in violation of the Consular 35,000,000, or $22,750,000 gold, worth Ragulations, of Section 45.27 of the U.S. Paris of foreign goods more than, anal at such Revised Statutes and of the zinaual of season, and Hongkong bad probably instructions issued by the State Dept, more.

ontitled Rights and Duties of Consuls. On the other hand, the norosity in Mr. Curtis has also find a notice of ■ | A-4 fanny Chinese producing centres of realis-new action on behalf of other members A-G ing money for present" needs" without of the crew.).

27

regard to ultimate proft, or often

setual cost, has led to somewhat greater volume of exports than might have been expected. Nevertheless, the present general movement is in the direction Strest, - restricted exports and expanded

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The Man Who Gets There

12.

UNITED STATES VESSELS ATTACHED TO ABLATIO STATION

U, 8, submar

8000 10,000%

600

1600