1920-04-01 — Page 4

ROBERT PORTER & SON'S BULL DOG BRAND

GUINNESS' STOUT

PINTS

per case of 8 dozen $30.

per dozen $3.80

SPLITS per case of 12 dozen $32.

per dozen $275

SOLE AGENTS:-

A. S. WATSON & CO., LTD.,

WINE AND SPIRIT MERCHANTS,

BONGKONG. TEL. 816,

Powell

TELEPHONE 346..

Wm.

Unrivalled selection of

Ltd

LADIES WHITE SHOES

Canvas, Suede, Kid, Buckskin

Prices from $4.75 upwards

#UTH, JUSTICE, PUBLIC

SERVICH."

Horakozo, THURSDAY, APRIL 1, 1820.

UNCLE SAM AND

EXCHANGE.

It is only natural that American

an explanation of why Uncle

is called uncle. The allu-

on to three balls is obvious; but

what has America token in pledge?

it is doubtful if the borrowers have

pened anything that, in the ab- sence of good faith on their part, would be realizable to the extent

of their indebtedness. Moreover,

THE CHINA MAIL.

HONGKONG COMMERCE.

AMERICAN CONSULATE

REPORT.

THURSDAY, APRIL 1 1920

on the part of the Japanese Unes to would be removed about the 1st of cut rates. For the time being, bow December, but there has been delay, aver, there has been no material and it is doubtful whit policy will be change

Rates coastwise have been inclined have been made for export to Europe followed. Heavy purchases already to weaken in line with the reports of during January, February, and March, the comparatively serious failure of and engagements for the United tainty as to the course to be followed At present exchange rates, however, the Siamese rice crop. The uscep States also have been fairly heavy.. by the Indo-China Government us to shipments to the United States wit the export of rice from Salgan next not be as heaty as has been antici- year has held charterers out of the farket for that trade.

pated. The trade already is highly shipping situation has shown little speculative and promises a very un- will be any important development change and it is unlikely that there certain year.

The demand for lard has fallen dik

de voyage title of one of his that the point? It might be a case books) about this story of his latest of geing from home to go Home, plans for adventore. It says he is not she might be worse off there visiting an island occupied by white than here. The problem of how sorogea who use poisoned arrows to get Home, on the savings from in search of a supposed depeait of $18.a month, is also a bant one. pitchblando, and that he proposes In another case a widow with seven to use mustard gas and machine Children is getting just over $10 in-

Consul General Anderson welting guns against the inhabitants. month. Considering that her late Reports for February 11 deals with the issue of Commerce There is no need to pre husband contributed four per cent. many interesting features of Hong ART OF test with any vebe- of his salary for 21 years, this in-kong's trade. Under data December

mence, because that ia dicates one of two things, either 8,1919, he saya probably Journalistic that the Government has not coa- embroidery. The island is calledtributed its agreed equivalent, or Tiburon Island, is said to be on the that his salary must have been dis. Pacific Coast of Mexico, and in-gracefully small, Will one of ontwhich during the month of Novem- in it until conditions in the trans-Somewhat, though the total trade dur-

ZYING.

kindly ask a fer

tions in Council? The public are naturally interested, and want know all the facts..

LOCAL AND GERERIL.

سلمة

There is an island of that name in the Gulf of California; about 30 miles long, but that it is inhabited by "descendants

Dutch of Swedish, and German prisoners who escaped from Mexico prisons several centuries ago we disbe-

lava. Nor do we suspect that de No paper to mOTTOW, Whadt, who is a traveller of quite another type than Savage Landor or Oliver Bainbridge or Middleton-

To-day's-doffer worth 5a. Id Safroni or Munchausen, bimself put forward these picturesque butted a parmer in the firm of Messrs Mr. A. O. Lang has been admit improbable details. Mexican In-Gibb, Livingston and Col dians and half-breeds will be quite enough, and far more likely than The Captain's Cup competition

white cannibals "several centuries," still use an course during the Easter Holidays..

who. after will be played over the Fanling golf ancien; blunderbuss. These jour- nalistic liars are so unintelligent The Fire Insurance Association They seem to bave no more notion of Hongkong and the Marine Insur o verisimilitude than the kinema ance Association of Hongkong close pruducers have. We are contemtheir offices on Friday, Saturday and plating the starting of a school, to Monday, specialize in instruction on the Art of Lying. What is worth doing is worth doing well. Those cannibals Hongkong Gymkhana Club Lakes The second meeting of the cannot have much blunderbuss place at Happy Valley on Saturday, ammunition after several centuries. the 17th inst. A programme of

Moreover, is it seven events has been provided. IMMORAL AND believable that on

UNJUST.

13

EFFECT OF HIGH EXCHANGE ON HONGKONG TRADE. The high exchange value of silver,

The local

comes more, reliable. The month Lard is now one of the important ex- closed with the prospect of a strike port hems in Hongkong trade. The " of officers on Boats in the coasting South American demand his fallen service about the middle of December off, probably because of summer con- and the general coasting situation aditions, but demand from Europe, deemed very precarious

UNCERTAIN CONDITIONS, AFFECT IMPORTS.

though very good, is not strong enough to overcome high exchange, especi- ally when faced with depreciatod: Euro- pean currencies.

in the latter day history of silver, to has been the dominating feature of all import and export trade in this part of the Far East and bids faire to control things indefinitely. In general way the effect of the exces sive value of silver in exchange has been distinctly bad. Of course, there has been a certain amount of stima- lation of importa since the Hongkong has made it all but impossible to buy Constantly mounting exchange or Chinese silver dollar would buy for the future with any degree of able activity. Some fairly large tran- Yegetable oils again show consider-

the metal has practically stopped all made dealers unwilling to do any month at $25 per picut 133 pounds on the other hand, the high value of finance and trade generally has: States have been made during the so much more than usual but safety, and the uncertain state of actions in peanut oil for the United exports of a normal sort, and only thing. Most piece-goods importers 0.8. There has been some move- Imported at almost any price have commodities which have had to be have fixed exchange for future ment in wood al at $23.50 per picul, been going forward. Exports to the purchases but have done nothing and some business in tea oil at $26 United States have held up remark-been little activity in this line. Local per picul, and 80/65 per cent. casssia. else, consequently there has per picul. Aniseed oil sold: $145 the fast that the American dollar is Prices in nearly all lines of cotton oil at $240 per picul. Cassia, pepper, ably well, probably swing largely to at a premium compared with the oods have been maintained in spite and other spices are in small demand carencies of most competing count of the increasing exchange. The for the time being. ries, and there is more life in cotton-yarn market has also done a There has been, Fair trade in new- American industry at present than in with India have been upon a different shipments. The new crop is & small

very fair business. Its transactions crop that of other countries buying, raw exchange basis and there has been a one. and reports from the north in- peanus for January-February materials in this market. is distinctly bad, both by reason of advance of from $10 to $15 per bale prices here as well as in the north.

However, the general tone of trace which, with short supplies, led to an with the all-around result of hardened special demand in the north for yarn dicate rather heavy Japanese buying. the actual results of high exchange on the different counts, No. 12s and of the uncertainty such unusual conditions have developed. There

being particularly in

The high price of sugar has again tou miles from St. John's Cathedral to-morrow even matters, particularly to Europe, while tinued in good volume, and the Ameritrade with the north. The refineries At the Oratorio, to be given in has also been trouble over freight Imports of knitting yarn from caused Hongkong ingers, to fail to

the United States have mering, seat-holders are requested to with the embargo on rice shipments can yarn again dominates this market- I have been doing their usual business keep stocks up, while the price of the Mexican coast.

sugars for export has prevented much- would have been allowed to carry kindly be in their seats not later than on unconverted all these years? 9pm. The collection will be in aid

The iron and steci market piso re-at advancing prices, but the native And whence came the white women of the Cathedral Organ Fond. to keep them white after ay many.

-

island only

white

יז

has

to keep as he has shilings per day. Amused" regards as mistaken

-

from Indo-China and uncertainty as

demand

con-

to crop conditions elsewhere all fines of staple trade, involving large ton-mains lifeless. The excessive stocks trade has been very quiet. The mar- nage, have been dull.

in most lines held over from last year ket for Philippine sugars has been im-

proving during the month, and much of the trade was in that class of sugar,

EXPORTS TO THE UNITED STATES, AND POSSESSIONS. things, considered, the export

3

centuries? We will take it that • Charged before Mr. RO. Hut UNCERTAINTY IN FINANCIAL AFFAIRS. have been prety well disposed of, and there may be pitchblende (from chison with the unlawful possession dition of the Far East is more critical when favorable conditions arrive, but The exchange and financial con- the market is ready for new supplies which radium is goth or that island. of 271 taels of prepared on at this writing than it has been in a with exchange and finance so uncer It isn't necessary, because de Government opium, which was found Windt has not hitherto gune after tied round his waist and legs, as he

generation or more. At no time tain nothing so far has been done, loot. He travels, and endures the was coming off a wharf, a Chinese during the war was there so much despite the fact that the high exchange trade to the United States held up. nest incredible hardships, for the was this morning sentenced to a fine abnormal conditions to be dealt with supplies at this time. There has been In spite of the depression in the mar uncertainty in financial affairs, such should stimulate the buying of these remarkably well during November. pure love of fun and adventure, of $500, or, in default, three months"; and to write about afterwards.bard labour. The drug was con- $1.04 gold to the silver dollar teleg and trade in wire nails has been quite exported; camphor continued its During the month exchange reached some special demand for steel rods,ket, rice in excess of $1,000,000, was Prospecting is a new departure for fiscated. him. But if it be true that be is,:

raphic transfer rate $1.06 baying fair, especially in the smaller sizes. strong movement, and peanut oil again for the sake of profit, taking Command, wishes to express his worth more than the gold dollar and movement in yellow metal, lead, cop-number of items which have been

The O.C., Royal Artillery, China month the silver dollar was generally changed and there has been small There was a recovery,- 100,- In rate. During the latter half of the The on-plate situation has not "mustard gas and machine guns

shawed considerable i importance. to kill the poor devils who natur- thanks to those who have so gerer allowing for reactions and ordinary per, and cater metals. ally regard the island as their own, ously responded to the appeal for fluctuations, the month closed with we are done with Harry, and will books, papers, & for the use of the every prospect of exchange remain, i have been arriving in normal quant ports for the month have been, valued American and East Indian kerosene time, such as - The declared ex- more or less in abeyance for some denounce him as an armed robber men proceeding on the sa: Hyson," ing at something like that potutties, but the trade into the imterior! The China Mail. of the tombéernice de fronte are in denying it, as extremely im-antity of reading material, also some

of the controversies at Home are in denying it, as extremely im- playing cards and cigars have been trade above noted this high exchange the local prices of kerosens and gaso poris for the first 11 months of the

for demobilization: A large quindefinitely.

Aside from the general effects on There has been some reduction in the contradictions of probable. De Windt isn't such a received and wit be highly appre led to the most profound changes in

has not picked up as was anticipated. monthly average of $2,758,941 dur

at $2,717,171, as compared with a based on similarly different points of view. skunk.

ing 1918 and the total declared ex- Some British journalists estimate

ciated by the troops. A correspondent the happiness of the people by the:

castern- financial conditions. The line but it has not been comment year have been valued at $18,327,070, "balance of trade" figures in the

AMUSED." signing *himeelf

high change tempted even im-Sure with the rise in exchange, and as compared with an average of **Amused

A Chinese was this morning /Porters who were not ordering goods the equivalents of home prices are $30,348,351 for timorens of 1918. quarterly returns, overlooking that sent in a letter which woul, amuse charged before Mr. N. L. Smith with at the present time to buy gold ex more than maintained. the vast majority of them must numerous readers and infuriate picking the pocket of a compatriot change as against goods yet to be regard such figures with a like in more..

STOCKS OF PLOUR INCREASE-

Exports to the Philippines, show a His "non disputandum

in Des Voeur Road. He denied the ordered. This led to such a demand GENERAL IMPORT TRADE.

narked decrease as a result of the kong coolie toward the figures the present writer, but there is no attention was called by a Chinese change rate was forced still higher, ports showing about 650,000 bags, as $21,877, es compared with an average difference to that shown by a Hong-argument is sound, and endorsed by know his money was stolen, until his and Shanghai-banks that the ex-in the stock of flour or hand, the re during the month were valued at only charge. The complainant did not on the gold accounts of Hongkong

There has been a material increasements of rice, to the island territory collapse of the rice trade, The ship- journalists should point to the showing that our port had the argument strong enough to defeat numerous large American loans as world's largest tonnage.

patch of red on the Empire map regard first of all the interests of put his hand in the complainant's seriously made to Shanghal that the the offtake has not been as brisk as peanuts, and miscellaneous articles. An extra the editorial veto. Editors should Magistrate that he saw the defendant of gold exchange was all but com- month ago. Arrivals from Australia There was ako, a falling off in the detective. The latter told the while on the other hand their supply compared with abour 300,000 bags a per month in 1918 of $138,144. Sam'

has but little power to stir enthu their papers, and occasionally they pocket, and remove the money. He banks refuse to buy any further ex was wicipated. siasa in the breast of the bread de have gentlemanly instincts. grabbed him before he could run port bills until after the Chinese Newcrease in the buying power of silver chases in Hongkong on the part of pletely exhausted. The proposition was and North China have been large and exports of meat and diary products, winner who has as many children Some of the people whom away.-Six weeks' hard labour.

The immense in With exchange so greatly against par- The simulated joys and griefs of happen to be very amiable folk, journalists mean no more, for they and it is not decent to hurt their possession of two pieces of plank, & have been seeking to sell their in of North China Boor. At the close pines during November amounted to Year. The situation has been furled to considerable imports from the Phillipine importers it is a wonder that. too are primarily interested in their feelings, especially as the doing so Chinese told Mr. Flatchison, at the terest with a view to remitting the of the month American patent was $369,499, against a monthly average When charged with the unlawful vestors in all lines of local enterprises his, in both cases to the disadvantage The declared exports to the Philip- ther complicated by the fact that in United States as well as from Austra-trade has been maintained so well. receipts on pay day, and in what can never lead to anything useful. Magistracy, this morning, a long proceeds to Europe or the United the-interest deducted by profes. those receipts will procure for them Such controversies never reach a story to the effect that he was walk States. The result has been that selling at $3.45 and American cut-value of $581,592 during 1918. The sional uncles is limited by law, and and theirs. The real student of the verdict, and they embitter human ing on the water front in Samshuipo stocks and securities of all kinds have off at $3.40 per bag. Australian No. total of the declared exports from represents true profit. The high buman pageant should not overlook relations. exchange the high standing of the these elementary facts because they papers, even newspapers devoted floating in the water, and jumping in, practically unsaleable at anything $2.62, while Shanghai Rour was 11 months ending November, 1919, That is why news yesterday, when he saw the planks been thrown on the market and are was quoted : $2.80 and No. 2 Br Hongkong to the Philippines for the American dollar in the exchange are not, naturally, usually brought to Truth, Justice, and Public he swam to them, and brought them like their normal or proper value. quoted at $2.82 per bag. With the was $6,908,253, as compared with list-represents false profits, from into the spot-light of publicity, the point of view of the American

Service," rightly bar them. To be ashore. As the planks were large and This shrinkage in local valne somewhat easier sination in the rice $6,177,512 for an Average 11 months citizen, who at present loses more

quite fair, they should bar the other heavy, the story that he swam 100 carries with It a shrinking in their market the demand for flour has fallen, of 1918. on the swings than he gains on the

side also, and you'll notice that yards with them, was hard for the value as security and has led to off considerably. roundabouts. In other words, the

they generally do.

Magistrate to swallow. without a troubles on that score. high exchange is responsible for

big pinch of salt; and his Worship

The exports to Hawail show no in- Is it quite fair to try just as good as told the defendant has become tight, while the general the colony--in prepared Foods, cloth-crease over fist month, when the total retardation of American produc-

There has been practically no teresting features, though the total-of- -Money in bearly all the Far East change in the general import trade of $82,044 for the month shows an in- tion: Does that matter? Ameri-

an engineer (for de to spin the yarn to the Marines, by uncertainty naturally has led to the ing, chemicals, drugs, dyes, and mis-was $83,965, and the average month can warehouses are already con- the crisis between the Home

serting his ship) by a sentencing him to three weeks hard restriction of credits in most lines of cellaneous supplies of all sorts. There of fast year, which was $30,577. gested with goods originally intend Government and the coal miners of representatives of the Deck We can swim further with two such of Hongkong and the China trade field, but the trade is gradually becom- months of the current year, have been court consisting entire labour. Why is that unbelievable? trade. While the financial interests is still a shortage of good dyes in this The, declared exports for the first 11 ed for Europe. When a dollar's threatened imminent big trouble. Squad? That was a question put planks than we can without] cost the European as much as two now look like a vulgar bit of alarza it could be unfair. In any unspeci worth of American goods begins to Yesterday's telegrams make that to us this morning. Our answer is

generally have, for the time being at ing more normal. Demand for Ameri- valued at $588,743. es compared that it depends. It could be fair;

least, decided to take no radical action can dyes has varied greatly, but just with an average of $336,347 for 11 dollara, it is almost that in the ist journaliem, and we desire to]

for the control of exchange it seems at present there seem to be a reaction months last year!" case of the French franc) the Euro-pass the discredit on to the should-fied case it is bound to have a prima

THE COLOMBIA.

unlikely at this writing that general favourable to them. European com-While the total exports from Hang- pean naturally begins to restrict his ers that should bear, it. It is facie aspect of unfairness. It ie

trade conditions will improve until purchases to absolute sécessaries. Maybe this leads to an increased Reuter said that Lloyd George had question refers to yesterday's case Mail Company this morning regar and financial conditions in the part conditions. American makers have a the record will be far more favourable

Reuter's fault if it is anybody's. quite evident that this particular

there has been some more or less petition so far has not been very keen. kong to all America for the year will Advices received by the Pacific permanent readjustment of exchange Imports of window glass from Europe not reach the 1918 record by a con- Bow of American goods to other informed the Miners' Federation from the Fau Bang. parts, for instance, to the Far that he had no further communica- the Adversarian's sympathy is with aground in Yokohama Bay, are to reference to China's and Hongkong's very fair chance at the trade. Eng- than the opening months of the year

in which ding the a.a. Colombia, which went of the world and especially with

have begun, but under present freight siderable margin, is evident ther Bast. It does not seem, as yet, tion to make. That was like Lloyd the convicted officer. The ques- the effect that the vessel expects to currency. The full control of silver lish plate glass is again coming into promised. to have led to a flooding of the George, and there was nothing elser tions which Mr. Jenkin started to leave Yokohama to-day and will in Hongkong by the Hongkong the field and is taking considerable domestic offerings, thus bringing to make us doubt its truth. Know- Put promised to be quite relevant, proceed to Hongkong via usual ports. Government continues and it is trade heretofore held by American down prices, though 2inuation of high exchange is rainers, we did a simple little sum Alsa, we are strongly prejudiced by a con ing the situation, and knowing the and should have been allowed.

Kikely to continue until conditions manufacturers: American hardware, expected ultimately to have that and announced the correct result. the report of the Chief Engineer a

more nearly normal have been is still largely in evidence, though fect The tardy appearance of Two and two do make four, but if reference to the Chief Officer's lady

restored, the decrease in the cost of living the first two should be a one and of a gentleman. There are other

European competition in that line also THE FREIGHT SITUATION. AT has to be attributed to the pro- the second a nought, the arithme things from which he might be a Melbourne, February 23. The ing the month. The European home friend. That was not the remark

is being lelt again. There has been no material change

HIGH: EXCHANGE UNFAVOURABLE FOR fiteers, who come down in their tician is not to blare if, four does total abstainer" with advantage predicted increase in the price of ward conference lines have refused hard on the export trade, and most of at 15. p.m.

in the general freight situation duri

BRUGSEXPORT TRADE: askings only when there seems no not represent the real totality. help for it. A good deal of the When Reater tells us it is now to himself and company, such as butter has not been long delayed to meet Hongkong exporters in the the shipments in all lines which have. The following have been selected Sunrest in America will undoubted hoped the coal crisis is passing,

bad language. ly disappear when prices come we, of course, share that hope.

An order was issued by the Minister matter of their representations as to left Hongkong either for the United to play. P. Robinson, I. Stalker down; so that it is to be hoped by

of Customs on Saturday, which will the advance of £2 a ton on freight States or Europe have been on con: D. M. Goodall, A. O. Brawn, B, D. Quite the most in

Although less than come into operation to-day, increasing homeward made last month, and the tracts made some time ago. Trading Evans, J. V. Braga, R. Pesfond A Americans that high exchange will

PAR ENNUI, teresting thing in

CIVIL SERVICE forty anbscribers to the price of first grade butter in Vic new rates have been put in effect for the immediate figure all but ceased W. Ramsay, W. T. Elson, H. Ortry pale long enough to operate in this

ay. Thus there are two schools week has been a clipping about phans Pensions Fund (out of 6f these States 1/92 per 1b. wholesale ed any expansion whatever in exports China can continue under present

the local papers thia

Widows, the Civil Service toria and New South Wales by 24d. These higher rates coupled with the ez a good portion of the mouth. It is and K. R. Macaskill.

Widows and Or per lb. This will maks the price in ceedingly bigh exchange have prevent difficult to see how the export trade of economists now in America, Harry de Windt and bis latest subscribers) objected to the Govern-and 2/- per lb. retail. The price of to Europe. The trans Pacific rates exchange conditions. hose representing the manufactur-exploring enterprise. It was in bent taking it over in 1908, the butter In South Austraila has also have been maintained at the level of Little has been done in the rice The following will represent the and producers, who complain Wednesday's Daily Press. While number now objecting to the visible been increased by 2d per Tos mak the past two months -- A contract trade, but it is anticipated that the CR. C in the bore match on Satert

CRCIRC a lessening deraand and applaud emphasising its appeal to the results is probably greater. Someling the price there 2 per lb. whole made by an American steamship new sensor rice will start moving in day at 2.15 pm: En hoe grouMBŐL. schemes-to stabilize ex romantic streak that is in all of hard cases have been brought to sale and 2/21 per lb. retail,

half of the coming year has thrown whereas the Saigon orop is unusually Choa Man Ping. Shin Man Ping J. a company for a large-tonnage of a very short time. The Siam crop Ng Sze Kwong (Capt.), Un tew Fan, gunnies from Calcutta for the first is reported as far below the average, Geor Lee, H. Ching. Ho Wing Kin, that trade into more or less confusion good, was expected that the export Wong, Wang Kwok Kwong, Lo Man and there has been dispostion or restrictions on rice from Indo-China Pun, and Chan Tin Sung.

ADVERSARIA.

THE MINERS,

We had a para- graph this week pointing out that)

MARINE COURT.

age, and those representing the us, we hope it isn't true. Indeed, nur notice. Que-willow is getting

BUTTER INCREASED. PRICE OF AUSTRALIAN.

stice consumers, whom high we suspect that materjal parts of only 918 a month at present ex Two new Launches are being built nge is calculated, soner or it are not true, for we like and ad change, She would get more in for the WALLA WALLA

Beer Phone No. 3516

to benefit, It will be noticed mire Harry There is no enn sterling if she went Home; bat in

LEAGUE CRICKET.

K. C. C... CRAIGENGOWER. K. C. C. V. Craigengower C., Club High exchange has been particularly Saturday 3rd-April 1920 at Kowloon