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SOZODONT

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They are high-class and absolutely safe securities, payable to bearor, issued by the various Governments and Municipalities of Europe; they are redeemable at periodical drawings, either with Cash Papiams varying from £40 to £40,000, or, at the very lesat, sit Wir full nominal valus, KASY PAYMENTS.

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are all anciend when dealing with an engromandi

a London Tor ne

PRICES new an follows:

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Longs Sait

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Cast Specialist.

JOHN J. M. BULT.

140 Fenchurch Street LONDON, England.

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BY APPOINTMENT TO

HIS MAJESTY THE KING.

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THE HONGKONG DAILY PRESS. SATUR

Whe

TUBRERI

för bouver

PLY:

City rubber len

ting for hundreds, have made tens of thousands, out of the boont in rabbel, shares To the and suceeding articles therefore, 16

Rabber was at tulenowa product in Earops unul nearly two hundred years ago, when the first consignment reached France in the form of link inok cubes, which realised about 93%, por,

red to dair mhoog ind, der gan

1910.

besides the French and British Colonies of Immense shal

Atlas, angola

ropean The most productive regions of West Africa in the Eastern trades Then east of Suez adda fonal” re- are the Belgian and Fresh Cangor the former we have the deposits in Burma and ASIAM, therefore have reeking wim Burrats and strocitiba. There are to be desejoped farther, and there are the

Australia and incrending re-

yet to be uttend the oh ausle of ltivation in that of the The output in the lead of hagascar New South Wales appears to be among the hinh promises to be e formidable com also importenor, while develop richest in the world. What has been shipped melátor of Bread still in the infroy, and wants are foot to extend the ladser nder to the Mother Country has yielded as much as though asking rapid progress, yields as yet but French auspices. Since the requisition of 100 gallon of all to the ton of akala what is small proportion of the world's output. There the Congo Free State by the Belgian Govern being retorted in Australis yields to in stated, is thus but lithe fear of the Increased supplies ment compulsory working was nominally put a from 20 to 80 gallons. The orude oil distilled from that qua during this and even next stop to, and if the spirit of the regulations or from this Bhale prednges. It is understood,

of yent proving an odent to cause an excess of evan thote strict letter be observed there is little per cent of naphtha 25 por cent of burning universal production over entrent requirements, doubt that the returns of rubber from this oil, 9 per cent of

about

and loya peniny based before the substance could be said to have become a cora mon commodity. Even eighty years ago only on twenty one year reached Great Britain, whereas in 1903′ the total imports were about wo purpose not to deal with some loathe the industry owing to the long years of | has also deposite of liquid patrilonn- which

value,

55 5.000 tont, compared with 29.000 tons in 1908 and 33,000 tabs in 1907. Rubber is the unggu lated, sap of certain tropical trees, shrabs and. areepers, of which there are comparatively few which yield a substance of much commercial value, and the bulk of the world's supplies is furnished by, tropical America, the Straits Settlemente, Ceylon, and tropical Africa

There are various methods of coagulating the sap or later by heat, by chemical processes, by maceration, etc., but the first-named is generally adopted in preparing Pars rubber, which coming from the Amazon Valley in Brazil, stands equalled for its high degree of tenacity and resilience, although it is on closely by fine Eastern plantation rubber, and these two qualities stand at the top of the tres in market As for the Brasilian product, the natives collect the latex from incisions made in the trees, and when a sufficient quantity, has been gathered it is taken to a but, where is a wood fire, in which also are burning the nuts of care tain local palms. This are gives of vast quantities of smoke. The native holds the broad, flat end of a long-handled wooden tool in the smoke, then dip it in the latex, withdraws it, and again holds the blade in the smoke, and. Phrain dips italu, the sip, and so on, smake affecting coagulation. When e suficiently thick de

"deposit las" becen db tained it is ont pl. and forms the crude rubber known in commerce, as fine Fara biscuits In some other parts of the work the natives smear their naked bodies with the sap, and when coagulation has been effected from the warmth thus derived, rub or strip it off..

The Brazilian cutpat for the current your is

Lap

soares

at

the

provided for below the Equator

METHOD OF PREPARATION.

antes, of course (which 3) improbable), edit, constar will be considerably diminishedt. It is hiriasing oil. It is, therefor, zich in mater tonal supplies from old sources of production indead, predicted that this year's output will for farmece fual purposes. The all thale in

increase beyond

merk quite a notable: shrinkage, for the natives New Zealand is also very rich, and Now Zealand ho vats of the boys competations, or a

are being exploited. With these Antipodean brutality, and mutilation suffered by them

resources our shipping in the fature may be well more important sources of supply of crude ander the ald règims In the coturns of rubber, as altimately the quantities rendered time and by a steady persistence in more available therefrom must be of the utmost humane methods the present aversion an importance in determining the course of the be conquered, but this process will take will also some years for its fruits to be gathered met, though naturally contumption Within the last few years the most extravagant ïlay its part, PU

The chief

of supply to-day continues to predictions were made anunt possibilities of the Amazon Valley of Brazil, which con- soressing the African output chiefy with tributes well over 50 per cent of the world's reference to the Belgian Congo, because of ontuat, and for which exceptionally high prices reports often circulated na to the bysteinstic and generally realised. The fact that fine hard extensive pleating in progress but these are to Pars" is the standerd grade apon which sport a great extent mythion. Looking at the lative transactions in the markets are based, prospects of production all over the Dark sufficiently shows the public estimation of this Continent, there is but file reason to of the still is ran into a series of compartments description of the crude produst. Although apprehend that there is anything in store in the outpat in the Amazon Valley has fully the way of a surprise from is market point of doubled itself within a period of abeat view, possible deficiencies in one direction being twelve years, it only in more recent years that compensated for by growth elsewhere, per it has shown any degree of elasticity, which, of hans from the German colonies, where over care, can be attributed to the increased £2,000,000 are invested in rubber plantations. demand for rubber in all tesnufactured forms Further, there have been attempts made in the world over. As a matter of fact, within Northern Rhodesis to initiate planting, and also recent years the output has varied within only in British East Africa, but it is too early yet to few thousand tone up to about 40,000 tems, prognosticate how far success will smile upon which total was attained when the last industrial them, and there is no dosire at present on the boom in Europe and Americs reached its apex. part of Buciers to lend their ald in these The progress of collection in Brasil is illustrated districts, for the glamour of the Federated in the returns below, which show the Para Malay Steelipeal ole, eening Standard receipts during the last decade: 1899-1900. 26,700 tons 1904-1905 33.100 tons 1900-1901...27,600 1901-190230,000 1902-1903 29 900 1903-1994,30,500

1905-1906...34,700 1906-1907...37,800, 1907-1908...36,700, 1908-1909.30.100

In the préparation of petroleum products for the market by the application of heat to the crudo all the lighter portions are first drawn off. These are ether, benzine, and naphtha, which are caught in kills and condensed by cooling the vapour as it passes through water-submerged pipes. The next process is to separate the kerosene from the benzine by vaporization. The remaining of a are hoary and are further treated sad separately distilled. The product and checked at each as soon as a desired specific gravity is recorded. The oils are separated by gravity, but if the main object is to obtain oil-fuel then no separation used be attempted after the light spirit of naphtha is withdrawn. For motor spirit the bensine is redistilled after the Arst recovery in order to obtain the gravity desired, as motor spirit requires a specific gravity of 500 to 720. While we import about 42,000,000 gallons per innam of petroleum of heavy oil for lamp. or illuminsting purposes, we also import about 16,000,00 gallons for fuel purposes. It is, therefore, no new thing ail has, however, spring up within the past in our business economy. This importation of three or four years, and the point of interest just now relates to the way in which it is destined to develop.

With Egypt and India at work and the rich deposits of Australia and New Zealand properly utilized our course's broad will be much simpler: bus the point it may be well to make clear now is that with 95 per cent. of the petroleum of the world produced in foreign countries this country for in the Royal Navy, Alt can be adopted in part, as the Admiralty are now doing, and the day may come when it can be adopted in full, but that day is yet far distant. There is mach, therefore, on this ground to be said for develop

expected to be about 35,000 tona, roprécepting a than àngdvance in the price wohl be reflected in ment is in many ways interesting novelty as gazinot safely, adopt eil ne the sole aboam-raising

It has been suggested by some people that a fall in the price of rubber may be even more quickly reflected in a shrinkage of the ontent money Valto st Esa pound of shout thirty-one an increased production, and the sounds of his millions sterling. Although the cost of prodne, i reasoning seem to be substantiated by recent Eng is about ds. bd., a pound, or nearly cares market movements aid conditions, for the wholly times, as great as in the pest managed hastern exceptional price waltzeed for some time have plantations, it is obvious that the rabber crop had little appareat affect upon the supplies

Forms one of the largest sources of income incoming forward from old sources: This jubtitles, steam furnaces is their faranosy arranged for ing all the petroleum resources within the

however, are not disposed to overstimulate prison production, and have indeed taken stopato prevent The excessive and indiscriminate tapping of trees, Although the extensive forests of the Amazon Valley are likely to continue to field a large though act very much inerportant pourece much increased, output in from which greatly increased supplies are sure to be obtainable the Straits Settlements Mexico, Central America, the Congo, West "Africa, and Madagascar, for example.

years to come,

The phenomenal growth of the rabber in dustry, and the consequent development of excitement which It has aroused in the way of shore speculation in the comparatively new pro ducing companies in the Malay States and adjacent territorit not usually known as the Plantation rubber producers of the Middle East has ince last autumn been one of the most absorbing, tepise in Stock Exchange speculative dircles. It was not until then that the uni mistakable Indicatione, of a protracted and Bonsational boom began to any great extent to rive: public attention, although shrewd people cletely connected with the sources of production and the potential demand have long held the opinion that a great future lay before the market, and that the in vestment of capital in love dost producing companies yould prove highly profitable.

The Times.

Don't

Worry About

PROSPECTS FOR OIL-FUEL. The report that the Admiralty hers made some large purchases of dl-fuel from curtain of the Spotfish mineral oil companies, and are about to buy more, has givens remarkable strength to the oil market, and also to the market in oil companies share The more and calls for comment, but it is not quite such a some of the commentators seem to think. For some years past, at all events for two or three years, the Admiralty have been baying a certain quantity of Beottish heary parasin oil for Safezal the modern de stroyers have had at all orants, cho may lack the burning that for one reason or another possibly lack

launched by of labour in various parts the older-producing one or two oruisers are similarly fitted. The and richer than the ordinary reader supposes. countries are not susceptible to incrossing their new protested braiser Tietol product under existing conditions, and that the Messrs. John Brown & Co. at Clydebank ro world must therefore turn more sharply towards cently, is to have her furnaces adapted for the organised methods and more scientific culture, the newer sentors of supply with their better consumption of both real and oil. Biorage; tanki are being erected at Grangemouth and Towards the end of 1907 the price of fine also at Portsmouth for the storage of all-fuel, hard Pars rubber dropped to 3a dd. per 1b, and a considerable quantity of ull has been or not much less than 28, below the average bought by the Admiralty from the Burmah. realised in the year named. This was the diroot Oil Company and others.

THE SCOTTISH OUTPUT," result of the transatlantis pasio, and in the

It is fear, then, that nil is Beely to be per early days of 1903 the prics fell further to 28, 98, lb, which figure was practically the lowest manent form of fuel in the British Navy, and it level in the course of the twelve years. In conse is largely this fact that has given strength to quence of this severe depression, it may be re- the market. There is, of course, a wide differ marked that the output in the Amazon Valley once between the setual paroisse by the in the calendar year 1968 suffered a shrinkage Admiralty and the potential consumption of of, roughly, 2000 tons. It is somewhat ourloas the Navy. The actual annual production of that the Brasilian Government has in recent the Scottish paraffin oil companies may be taken years done little or nothing in the way at from 150,000 to 200,000 tons per annum. of encouraging the extension of the rubber The potential consumption of the British Nevy gathering industry in its immense areas of may be considered to be about.1,500,000 tons virgin forest land Information forthcoming per annum, on the basis of one ton of all to two from people well in touch with the local cond tons of coal, which is the equivalent anally tious in Brazil is to the effect that Para rubber considered to be correct. Thus, in no cireem- as at present exploited cannot continus to stances can the Scottish preducers moot all the compete successfully in the world's markets when potential needs of var warships. That is a fact once the Eastern plantations hare attained to be recognited at the outsst.But, neverthe large degree of development, of which develop less, there is no reason why all that the Sectch There is no longer doubt that a boom of the ment there is a certainty. The cost of the bare producers can or are likely to farnish should not first thognitude is in progress in trade rubber, necessities of life, to my nothing of the come reserved for our own skips. It can be kept and that this arises directly from the exforts of existence, has greatly increased in in storage tanks at the fitting stations in this traordinary expansion within a short time of Brazil, and the lot of the native labourer is of country in order to replenish the tanks of the trade demands. This expansion has been the the most wearisome and monotonous.character, ships in home waters. In case of war the more remarkable seeing that it has taken place The real danger to the Amazon industry lies, Admiralty could regalsition the whole produc In face of the rapid advance in the price of indeed, in the competition of cultivated rubber, tion of the Scottish stills and stop the produe rubber. Fine hard Fara, which is regarded as akin to that produced in the Federated Malay tion of light oils so as to reserva supplies of the standard of sale, rose recently to shout 94. States, The Brazilian wutpat could hardly be heavy oils for the steamer farastes; but that alb, which compares with only 2. 91, the maintained at its present size, indeed, unless is not the position reached yet. To supply the lowest toushed early in 1908 (owing to the prices continue at a high level. The working furnaces of such vessels, as can burn oil-fuel American Enancial crisis), and 5s. 33, a lb. in the expenses are so great, the taxes imposed so quantities must be secured from abroad.

the early part of 1937. The United States, being onerous, that any permanent fall in the largest consuming country and absorbing selling rates of rubber would involve, it not much less than 50 per cent of the parli's suggested, not alone the sliminution of produse outons, it is clear that the industry suffered a tion, but a serious curtailment of national serions not back through the severe transatlantic, income and State revenus, trade dislocation in 1907-8. Axit happened. that time, soms American factories had to sus pend operations through the curtailment of credit and the ecssation of orders, and at the same time the restriction of Ariancial facilities by New York capitalin's compelled. Brazilian producers for a time to sacrifice their stocks even at a loss. It was not until towards the middle of 1908 that matters began to mend in the American rubber manufacturing trades, and

more normal

FOREIGN BOUECES OF SUPPLY. What, then, are the sources of supply! Nearly all are foreign up to the present date. The British naval consumption of coal isshout 3,000,000 tons per sunum, which is equal to Babber enltivation in the East and, no doubt, 1,500,000 tons of mineral oil, though, of course, elsowhere can be carrietton profitably by steadily all the ships in the Navy are not yet equipped improving the methods, at a rate of expenditure for the consumption of oil-fael, cheaper, cleaner, which would be wholly inadequate when dealing and safer than coal though it may be. The with virgin forest land; therefore there does annual production of petroleam in the world is not appear to be mash attraction for foreign about 40,003,000 tons per annum. Here is a capitalets to invest money or squire wide margia; but about 95 per cent. of that properties in the Amazon Valley region. Apart production is the output of foreign enpatries. from the output of fine Pars rubber, it may be. The United States yield about 64 per vent, of remarked that increasing quantities of lower the whole and then come Russia, with 22 per description of produce are being exported cent.: Galicia, with 4.50 per cent, Boumanis,

that the despatch of Brazilian rubber to North other parts of Brazil, and this tendency with 3 per cent, Mexico, with 1.25 per cent., American porte reassume the surplus sy proceed further, though to what extent it and so on. The proportions of the total sup

dimensions, thus gradually supplies which came to Europe, but the recu perating condition of United States trade made more rapid progress a year latoz, and this did much to accelerate the world's demands for the article, stocks at this period being reduced in apite of more simple supplies from the Amazon Valley, and additional receipts from new

Is impossible to forecast, plied by British possessions are as follows:- In the States comprised in Central America a India, about 2 percont; Canada, about 0.20 fair amount of rubber is produced, but only cent, Borneo, about 3 per cent; and Scotland small juuilties are obtained from Evander, and other places about 0.05 per cent. These are Nicaragus, and Colombis nerertheless output startling figures, because they show how largely from these arese cannot be altogether disregard it not absolutely, we are dependent on foreign ed. Mexico, however, is a more prolific source sanges for our supplica of mineral oils, even of supply, enterprise there being belly backed with our own home distillation. In plain Eng As an indication of the sweeping change by United States capital, while the product lish, we could not adopt oil as the sole fuel of which came over market conditions consequent is mainly absorbed by North American our Navy without making large contracts for

upon the American financial panic and of the consumers and hence comparatively little Basis (though the latest return |

In these

Bnds its way to Europe. countries the bendency is to increased output,

with some foreign Power of Powers, the sources of supply that are visibly

recovery which took place in consumption over the second half of 1903 until the middle of 1909 it may be mentioned that during the rubber and systematic altivation is being carried on is still considerably below, that of 1904 before Kesson 1907-8 the world's natpat was about to an enlarged extent, though Europe fakes but the disturbances at the oilfields), Borneo and 66,300 tons, whereas trade requirements were little interest in developamente here, and Java, Galicia, Roumania, India, Japan, Mexico, not over 62,000 tons-leaving an excers of Outside the Western Continent the most and Pera America fa also increasing her supplies of 4,300 tons. In the following season, important contributor to the world's supplies is output, but from opening up now fields rather alttough the world's output was increased tropical Africs, which furnishes fully one-third than by increasing the wield from the old to about 70,000 tons, consumption rose to pot of the total crop. In 1907, the gross ascertained fields. The output of the United States was far short of 76,000 tons increase which yield of the Dark Continent was 25,600 tons,117,080960 barrels of 42 gallons sson in 1964 had to be made good by the depletion and the returns for 1908 fell to 22,000 tons, but and 179.672,479 barrels in 1909, So far this of stocks. The fact that during the last two last year rose to 20,000 tons; therefore it will be increase, is satisfactory, but, if the American years the reserves have been almost uninten seen that, notwithstanding the remarkable supply were shut off it is difficult to see whence ruptedly drawn on, while consumption stillsdrance in the price last autamn the supplies we should get our oil frielse shows a distinct tendency to expand, shows that in 1909 failed to catch up with those of 1907. EGYPT AND THE BUPIKE. current demands are entstripping production. This naturally tonlar to emphasise the fact that It is for this reason that the farther utilize- Hence it is that the statistical position of crude there are considerable difficulties in Afrios intion of mineral vil for maritime purposes rabber appear to be very sound, and that esterling operations even under the stimulus depends not on the actual and potential pro theorising upon this basis there is anxiety on of high prices. These difficulties chiefy centroduction of the Bootch mineral oil, companie, the part of consumers to procure supplies upon the labour supply, as in the Amazon bot on the available supplies surced within the So long as trade requirements keep on the alley; moreover, there is a decided lack of bounds of or under the control of the Brit

mise equal up-grade while output does not headway prices may sally soar to fresh recordsganisation, while the methods in Togne Bmpus. This is why the monyet the nativas are necessarily brade in are taking place in Egypt

The Egypting with anotaations meantime at a high level the extrame, and very wasteful, whereby the importance. Now, at all events, the market is confronted virility of the niente da imperilled and their heavy of and, more suitable with a ateok only sufficient to cover & feductiveness impaired. Another obstacle then for, alumishing weeks needs; hence the fears of a further deple of importance is the great distance which centage of heavy, oll remaining tion of available supplies and of a possible had to be covered in bringing rubber down the arude liquor is so large as to

ains. It is understood tlist the quantities to the coast, and the absence of cheap, and valus of this of for, fuel purposes. now being directed from South America to the rapid transport By far the greater part of important, because he Egyptian United States are only about equal to burront the African contrate comes from the West at present being, warked are, on the past of remen there, the laving no axons for Cost district, which provided 15:500, on the Red Sea, and, therefore in, a convenient 257 export to Europe beyond the total notiskly last year compared with 14,000 dony in 1907, poliondor supplying the fuel tank

$$

That

Bald Spot

Don't Worry About that Bald Spot, for if the scalp is smooth and shiny the baldness has come to stay. Better direct your apprehension toward the hairs immediately surrounding the spot, for they will be the first to go, unless you kill the dandruff germ, and keep it out of the scalp with NEWBRO'S HERFI. VIDE

The time to save your hair iv while you have hair to save. Extraordinary results sometimes follow the contined 186 of NEWBRO'S HERPICIDE.

Well-known

Doctor Waterlouse, physician of Iowa, and a member of the Firm of Dyer & Waterhouse, advised the Kot. R. N. Tonis, Fastor of the First Presbyterian Church at Charter Oak, Town, to use NEWBRO'S HERPICIDE, read his letter about it ;

Messrs. Dyer & Waterhouse, Druggists,

Charter Oak, Iowa gon Gentlemen-The Herpicide you recom mended to me for use as a remedy for dandruff and baldness has proved a great incoess. I have used only one bottle and the result is surprising. The sealp has been throughly cleansed from dandraff, the old hair has softened and strengthened; while short, oft hair has already appeared-in- bald spots; and I have been greatly relieved from headaches. I most earnestly Facom. mend all silicted, as I have been, to try NEWBRO'S HERPICIDE A

(Signed) Rev. B NATOMS, Pastor First Presbyterian Church,

Charter Oak, Iowa.

AT DRUG STORES-Sead 10 Cents

in Stamps to The HERPICIDE Co., Dept.

N Detroit, Mich., for a Sample

INSIST UPON HERPICIDE

A. S. WATSON & CO,

SPECIAL AGENTS,

1282-1

PRINTING

Nothing creates such a good impression in business as the one of First Class Prifting.

The difference in cost between goed

been good and bad *** printlar and material is generally mal.

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