1881-07-16 — Page 2

A, S. WATSON & Co. WHOLESALE AND RETAIL

DRUGGISTS,

GENERAL CHEMISTS,

AND

Manufacturers of the following ABRATED WATERS, viz: SODA, TONIC, SARSAPARILLA, AND POPASH, LEMONADE, GINGERADE, RASPBERRYADE, AND PHOSPHORIC CHAMPAGNE.

----

Deliveries in Town and Harbour from

TA.M. to 7 P.M.

Sur MEDICENG CUESTS REPITIED, PASSENGER Sits SUPPLIED.

Prompt Attention given to Coust Ordors.

HONGKONG DISPENSARY.

HONGKONG. SILANGITAT PHARMACY,

SHANGILAL

CANTON.

CANTON DISPENSARY,

THE DISPENSARY,

Footnow.

THE HONGKONG TELEGRAPH-SATURDAY, JULY 16, 1881.

and Naval services stands next in importance, and here there is also

an

g

danger to be apprehended from the falli of the pile. In the first place, for reform. extensive field

the stones forming part of the Whether the present. Provincial Mil-pile are on the ground, and consequent- ly cannot fall any further, and the itary systems are to be retained, or

wood, which consists of a few roofing whether a system of centralisation

and flooring joists, are placed on a at the capital, which is powerfully

temporary scaffolding over the stones supported, is to be substituted for

and if the "somewhat flimsy fasteninga" them, yet remains to be decided. In

were to give way the stones alone that action of the proposed scheme

would be in danger. A foot unte by which will deal with the so-called

the Editor of the China" Mail says. arsenals of Canton, Foochow, Shang- that an accident occurred at the same hai, and Nanking much will have to place only a few months ago. This is be accomplished before these estab- correct, as is every other utterance of lishments can be rendered in any that journal ? but the circumstances which led to that accident, which by sense effective,

the bye nobody heard of but the Mail, were totally different from the pressut, and the timid "Passer by" inay rest assured that there is not the slightest danger to be apprehended from the falling of the pile, and he may pass by with the most perfect confidence in its stability. It is a pity that weak-mind- ed persous are allowed to move about without some one of stronger norve and more mature intellect to take charge of them, and quell their timid fears.

The third measure proposed is that of developing the internal com- munications and resources of the country. Very little reflection is needed in order to assure us of the vast extent of the undeveloped re- sources of the Chinese Empire. The great geologist Baron von Reich- toven after careful study testifies to the abundance of rich universal de- posits throughout the country,

No one who lives in this great free trade centre can fail to recognize the magnitude of China's trade with Notices to Correspondents. All communications should be addres-foreign nations, confined though it sed. The Editor Hongkong Telegraph," and river ports, and when it is re- at present is to some twenty coast 15, Wallington Street,

membered that but a very small pro- All letters for publication must be portion of towns of any consequence written on mae side of the paper only,

throughout this vast empire are not

Correspondents are requested to for- ward their mutes and addresses will all commuiications intended for insertion, wol, neerssarily for publicution, but as cellence of good faith.

Notice to Subscribers. Subsribers who do not receive their

newspapers within thirty-fin minutes after the time of publication will oblige by communicating with the Editor.

Domestir Notices, if properly thenticnted, will be inserted free of charge.

THE

Hongkong Telegraph.

HONGKONG, 16 July, 1881.

ton, late of the Commissariat and Transport Department, bas boon per initted to commuto his rotired phy. Mr. Rushton sorved in Ilongkong a few years ago, during the existence of the Control Department.

Admiral Sir Jr nos Hope, G. C. D, died at Carridon House, Linlithgow. shire, at the age of seventy-six. The decmised was the son of Admiral Sir George Hopo, K. C. B. The early years of his carcer were spent with the African squadron in the suppression of the slave trade. He became Lieutenant in 1827, captain 1838, roar-admiral 1857, vico-admiral 1864, and admiral 1870. He served in the Baltic in 1854-55, was commander-in-chief in East Inlia and China in 1859-62, in the West Indies and North America in 1864, and at Portsmouth from 1869 till 1872. Ile was principal naval aide-de camp to Her Majesty from 1873 till 1878. Admiral Hope was a deputy-liontenant and justice of the peace for Linlithgowshiro.

The bi-centenary commemoration of the raising of the 2nd Dragoons The China Mail of last evening, (Royal Scots Greys), was celebrated at repeats with an amount of assurance the annual regimental dinner of the surprising even in that quarter, the past and present officers, at the "Ship assertion that II. E. Governor and Turtle," Leadenhall-stroet, on Sat- The ro- Hennessy is likely very soon to be re-urday, the 18th June last. moved from the Government of this giment was raised in the west of Scot- Colony. Our contemporary goes evou land in the year 1681, and the 200th farther than on the last occasion, and anniversary of its formation was thus

the forerunner of a lot of geniune business in this stock, so that the quotation can only be taken for what . it is actually worth. Nothing worth reporting has taken place in any other stocks, so wo simply direct attention to annexed quotations.

Shares. Hongkong and Shanghai Banking

Corporation Sharos-108 per cont. premium, Buyers. Union Insurance Society of Canton-

$1,625 per share ex dividend. China Traders' Insurance Company's

Shares-$1,700 per share. North China Insurance Company-Tis.

1,125 per share. Yangtsze Insurance Association—TIs.

820 por share. Chinoso Insurance Company, -$300

per aliare, Ex. Div. On Tai Insurance Company, Limited-

Tls. 148 por sharo. Hongkong Fire Insurance Company'

Shares- $990 per share. China Fire Insurance Company's Shares

-$295 por share. Hongkong & Whampoa Dook Com-

pany's Shares-60 per cout prem. Sales and Sellers. Hongkong, Canton & Macao Stoam-

boat Company's Shares-$81 per share premium, Sales. China Coast Steam Navigation Com-

pany-Tls. 162 per sbaro. Hongkong Gas Company's Sharos-

$82 per share.

accessible by water communication. actually appoints Sir John Pope observed by special arrangemont ou Hongkong Hotel Company's Shares-

and that by far the large proportion of inland towns are dependent on the service of native junks and boats, the benefits which will result from steamer development in facilitating the internal commerce are at once

apparent. Telegraph lines are already in course of construction, and the

railway scheme is far from being forsaken.

Reclamation of waste lands, and improvement of the canal commun- au-ication in the northern provinces, are likewise coming in for a share of the attention of the government. It is plain therefore that these are ample grounds for believing that the immobile policy to which the Chinese Government have adhered so tenaciously hitherto, is now being abandoned, and that a more rational and beneficial policy is quickly sup- erseding it.

Perhaps one of the most promising signs of the times in regard to the future progress of China is to be found in the fact that, the reins of government at the capital have pass- ed from the feminine hands which have so long held them into those of

The Agent of the P. & O. Company firm and resolute men like Tso-tsun-informs us that the steamer Pekin tang and Li-Hung-chang.

It cannot be disputed that the rule of the late and present Empress- Dowagers has been on the whole suc- cessful and beneficial, and that the country generally has progressed in no slight degree during the period of twenty years which constitutes their virtual regency. Nor must it be forgotten that two formidable rebel- lions have been crushed (one, it is truc, principally by foreign aid), and peace established throughout the Empire, under their administration. But, of late, indications have not been wanting that the helm of state requires stronger and more powerful control.

LOCAL AND GENERAL.

with the next English mail left Singa- pore for Hongkong at 10 a.in. to-day.

H. M. S. Kestrel came out of the

Cosmopolitan Dock this morning. The Fume towed the steamship Nelson round to Aberdeen this forenoou, and will bring back the Catterthun.

The rice-pounder's guild still con- the police. A meeting was arranged times to engage the full attention of at one time to have taken place this afternoon at three o'clock, but the authorities have shown that they were thoroughly on the alert, and it is not now expected that any demonstration will take place until after the proceed- ings at the Magistracy on Tuesday The oft-raised cry that China was next, the day to which the further bear- at last moving forward in accord-ing of the charge against the mon ance with foreign principles and arrested has been postponed. systems has hitherto proved so de- lusive, that we should be-loth to re- peat it now if there were any longer room for doubt that very solid pro gress in measures are being actual ly carried out in different parts of played on Saturday, May 28th, the the Empire, and that the reforms first named club scored 356 runs for the introduced by Tso-tsun-tang in Po-loss of one wicket; Dr. W. G. Graco king are perhaps the most important boing credited with 200, and Mr. Le and encouraging measures which M. Day with 106 out of that number, have found support at the capital in recent years.

Reform in the Metropolitan and

Provincial administrations is under- stood to be the first measure to which

Wo have to record another extraor dinary cricketing feat, which deserves a place in the front rank of wonderful achievenients with the bat. In a match

Honnessy's successor, affirming that "Waterloo day," a day intimately con- last mail brought news to the effect nected with the historical recollections that Sir Houry T. Irving is likely and associations of the Scots Greys, to succeed the present lead of the and of their sister regiment, the 92nd Executive bore. We are also in- Gordon Highlanders (now the 2nd bat- formed that "it is more than likely talion Gordon Highlanders). The that Mr. Marsh will administer to non-commissioned officers of the re-

Government for say six months or so gimont also colebrated the regimental before the new Governor's arrival." | bi-centenary by an entertainment at Like most of the so-called accurato the Royal Barracks, Dublin, on the statements made by the China Mail, same day as the officers' regimental the assertions, and inuendoes, as to the dinner. Governor's movements and intentions foundation whatever. are absolutely false, and without any

We regret to learn that General Sir Duncan Macgregor. K. C. R., died on We can authoritatively state that June S, at Vanburgh Park, Blackheath, | His Excellency has no intention what-in his ninety-fifth year, after a few ever of paying Downing Street the days' illness. Io entered the army, visit suggested by the China Mail, when thirteen years old, and was a although at the termination of the captain at eighteen. He was one of present sammer it is possible, although the very few survivors of the Walcheren very doubtful, that he will obtain leave expedition. After commanding the of absence for six weeks in order to | 93rd Highlanders for many years, be visit Peking. It is no secret that Sir becaine Inspector-General of the Irish John Hennessy likes his work in Coustabalary-a post which he retaing Hongkong, and so well has that worked for twenty years. Gonoral Macgreg been appreciated in Downing Street, or was the author of a popular account that the Secretary of State, without of the loss of the Kent, East Indiaman, solicitation, actually increased the Go- which was burned in the Bay of Biscay vernor's salary by £1000 per annum. on March 1, 1825. General, then Ma- The China Alail can safely rest assured jor, Macgregor was on board the ill- that Sir John Pope Henessy will not fated vessel with his wife and infant leave Hongkong until the end of his son. All three were happily saved; term or until Her Majesty the Queen indeed, the first person rescued from promotos him to a higher office. With the entier of the Kent by a passing brig reference to Mr. Marsh's coming out was Major Macgregor's child, who has here to administer the Government since become well known to his conn- until the arrival of the Governor trymen as the voyager of the Rob Roy appointed by the China Mail, our truthful and reliable contemporary will doubtless be surprised to learn that last mail brought advices stating that Mr. Marsh's leave of absonce has been extended for an additional six months, up to next January, in order to enable that gentleman to continue his work- in Cyprus as Auditor General, If our contemporary would only appoint himself to some editorial post in Cyprus, whore he could be near his friend Mr. Marsh, he would improve matters in this Colony, and create, no end of a scusation in Cyprus:

Speaking af a levée held on Her Majesty's birthday in May last the World says:-

-Porimps the most noticeable-incident- of the Loveo was old Admiral Sartorius

Ci00.

LATEST COMMERCIAL

INTELLIGENCE.

Saturday, July 16th, 1881.

|

$108 per share, Sales, China Sugar Refining Company, Li-

mited-$165 por share, Sales. China Sugar Refining Company (Do-

bentures)-3 per cent premium, Hongkong Ice Company's Shares---

$127 per share, Sollers. Hongkong & China Bakery Company.

Limited-$13 por share. Chinese Imperial Government Loan

of 1874-(Nominal). · Chinese Imperial Governmont Load

of 1878-(Nominal).

Exchange.

On LONDON,-

Bank Bills, T.T.,

3/8

Bank Bills, at 30 days' sight, 3/8 Bank Bills, at 4 months' sight, 3189 Credits, at 4 months' sight,... 3187 Documentary Bills, at 4.

months' sight,

Ou Paris,-

..... 319.

Bank Bills, on demaud, ...... 4.64 Credits, at 4 months' sight, ...4.74 On BOMBAY,

Bauk, T.T., Ou CALCUTTA,-

Bank, T.T., On SHANGHAI,——

Bank, TT,

Privato, 30 days' sight,

225

225

713

The Morality of Stockjobbing.- Lord Young, of the Scottish Court of Session, has been delivering whole- some counsels from the bench on the subject of Stock Exchange speculations. The contract between a broker and his client is always of a conditional kind, and cannot bind the former to expose himself to the risk of irrecoverable loss in order to give the latter the chance of making money by the rise of the stocks operated in. Lord Young was One o'clock P.M.

therefore quite right in (to borrow the The Shares of the Hongkong Hotel barbarous jargon of the Scotch law) Company Limited, which for some days assoilzieing the defondors with ex past have been playing the role of penses, and so disappointing the. general utility, were yesterday after- ardent Glasgow trader who wanted to noon promoted to leading business. play the game, 'Heads I win, tails

you The supply at 105 quickly becoming loso! But the counsels and con exhausted, the stock rose to 1073 and demnations by which the decision was then to 108, and at balf a point beyond justified are by no means equally ad- As the old Scotchman said, the last named figure some transfers mirable. were effected. Buyers are still anxious Whisky is a bad thing, particularly to go on at 108, but would be sellers bad whisky; so

may say are holding out for 110, so matters are with Lord Young, Gambling is at a deadlock for the present. The bad thing, especially when you lose., fow Bauks which werd on offer But it does not follow that because it

between Bedminster verens St. George's-ho is niety-two-going past with yesterday morning at 108 per cent,

The Gloucestershire "crack" is always hantly whon some big thing in cricket: is being accomplished.

A lotter appears in the China Mail of last evening over the signature

so is committed, and the important Passer by" on the subject of official changes we lately chronicled "dangerous accumulation" in Wynd- show that this is already being ham-street, of wood and stones pilod to. carried out, with the vigour and a great boight. We have visited the completeness which distinguish all

spot this morning and have no bosit- work undertaken by its originator. ation in giving a semi-professional Reorganization of the Military opinion that there is not the slightest

his two sons on their appointment to the Victoria Cross There is only ono other man in England who can boast sucli a chevron on his shitelicou, and that is Colonel Hugh Cough, who also has two sons possessing each a V. C. Surely a barongtey would be a just and graceful compliment to the Admiral, who, bosidos being the father of such of the modern steam-ram. It is but doughty warriors, is the real originator right his to should be perpetuate with honour.

We take the following items from the Overland Mail of June 10th ;—' Dopuly Commissary M. W. R. Bash

one

is wicked to gamble it would be right haying boon appropriatod, buyers to logally prohibit all speculative were clamorous to obtain a farthor dealings in stocks and shares. That is supply on the samo torins; but none what the Court of Session dictum would being forthcoming, business at once lead to if it wero consistently applied. coasod, There are plenty Mayors this Buying shares which the buyer is not morning ready to purchase at 108; but propared to pay for was the peculiar not a single share can be obtained object of Lord Young's animadversions. at the price. Docks are fairly firm at That is to say, ho holds in abhorrence per cont promium, and a small all sorts of time-bargains on the Shack without howovor altering the quota-hensible, but as so unwarrantable st rober of shares have changed hands, Exchange, hot only as morally repr tions. We saw a small lot offered this the low should refuse to allow the com morning at 60 cash, but no business tracts in such cases to be enforced. result, Sugars have at losh made Bargains of the sort are describot-as a moyo,, as a lot of twenty fivo merely so many beta for the riso or the slirus were disposed of for $165 fall during tho currency of the fort por share, casli. This may possibly be nightly account, the differences of which

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