1905-08-19 — Page 15

* Journal hopes the Government will not fall istp The error of repeating a similar blunder. Ja pan Times,

THE POSITION ON THE AMUR,

PROSPECTS OF FURTHER JAPANEJE· OPERATIONS.

Some statements made by a Japanese who bas lately returned from the Amur, having Miravalled up the river last June, are published inche Hochi. He reports that there are some forts at the mouth of the river, butīgays that these were originally planned to keep of pirates and are armed with obsolete artillery, "A few good gʊna have been placed in "position

since the war commenced, but the defences | would not be capable of offering any resistance to the heavy metal of wur-ships. In Nicolaievsk the inhabitants live in constant apprehension of a japanese invasion, and they certainly have cause to fear, for Nicolatevsk is only 80 miles from Alexandrofsky and De Castries Bay, where a Japarese landing took place on the 24th of July,'. The Amur, indeed, suggests a most in- teresting enterprise, nder ordinary circum stances steamers ply regularly up and down the Kriver during 64 mouths of the year as far as *Shilkes, which is a terminus of the Trans-Siberian

Railway, but higher up only both twink Railway. but higher up only boats drawing Service there used to be 112 steamers and 151 barges, and doubtless it contributes important s.stance to Linevitch in victualling his army, The appearance of a Japanese force at Kha barovsk, says the Japan Mail in commenting on the statements in the Focht, would impart pretty savere shock to Russia. It would very forcibly bring home to her the vulnerability of her atuation.

THE PACIFIC TRADE.

A GOESTED NATIONAL HARBOUR.

SHORTCOMINGS OF HONGKONG..

THE HONGKONG TELEGRAPH

of becoming a great harbour, and if the break. waters are fully extended to as to keep a depth in the harbour of 35 feet, it will become a port possessing as nearly as possible all the essential gratifications of a large commercial emporium in the Pacific,

sekere

The respective distances to the principal Ruropean and American markets from Osaka, Shanghai, and Hongkong are as follows me New York

Osaka. S'bai H'kong. Miles Mile Milen

Via Panama'. VIA Snet. San Francisco

Summer route Winter routes. Vancouver:-

10,197 10,693 11,345 12,708 12,374 17,580

6,041

6,041

↑

The, Maatschappij tot Mijó, Bosch-on Land- bouwexploitatic in Langkat has declared a third interim, dividend of Tli, ai per share, payable on the 15th proximu,

Banki-Hongkong and Shanghai Banks have been negotiated at $9131, The Log don quotation is 689. Nationals have changed sands and continue in request at 538,00 kn, Marine Insurances-Cantons have improved io 3330 at which rate business has been done and more share are wanted. Chios Traders have bees placed at £73 and close with farther inquiries. Unions were negotiated at $735 and have since advanced to $740, Yangtexas have been booked in Shanghai at $172) and North

Chinas sie unaltered at Tls, 82, BOB

Fire Insurances-China Fires have been placed at $84. Hongkong Fires are to be bad at 5335-

SATURDAY, AUGUST 19, 1905.

SHANGHAI SHARE MARKET.

OPIUM QUIZATION), To-day's quotations are as follows:

Aniya New di

Old:

Older

Oldest

Old,

P. zone iPlann

Per picul

1,190

1,340

(-1,380-

Per chest

1,080 1,050

(4 780j010

LOCAL AND GENERAL.

235

THE Chinese students who returned to Shang hal from Japan complain of the treatment they received on the steamer Benvorlick and pass ed a solution if the Company, would 'not giva proper treatment they shall urge the Chinese Merchants' Steamship Company to open a line to`ply between Japan and Phanghal and also demanded the N. Y. K. tá satisfy the students. The NY. K. baring consented to comply with their desire the matter will be peacefully settled The Eastern Timer.

ACCORDING to the Bangkok Timer, the pro- sent Oplum Farm has not been making a for june so far, though for that matter the contract is ganerally understood, to have been entered. upon, with knowledge, that a loss wan to ́axpected in the first year. The Journal under-" stands that, following the precedent: set last

lis patitioning for at least a variation in the GENERAL Wood expects to arrive in the Phi- terms of its contract, if not reduction in the

amount it has to pay the Government, an tippines in October.

by six men.

Shipping Hongkong, Canton and Macao Steamboats are asked for at $26 ex the divi. 1 and 7.65. Weaks at $20, Sumatras at Tls. 68. THE Garrison Military Police is being reduced year in the Straits, and Hongkong, the Farm dend of 5 paid on the 16th instant. Indo Chinas have been fixed at Sof and 896. Shang. 798r has Tugs are in demand at Tis. 60 (ordinary) 4.638 and Tis, so (preference). In other stocks un- der this head, we have heard of no business, 9,728

nor is there any change in rates. 9.740

4,824.590 5,076. 5.746

Summer route

4,525 5.230

5,800 Winter route........ 4,860 ranama...........................

5,800 5,477 8,395 8,672 9.324 Hombay......

2018 4.533 4,000 Marseilles..... tendon. ......

9,100 8,724 .10,816 10,437 Antwerp...0,856.10,471 Potterdam.........10,863 10,481 Hamburg 11,113 10,738 no great difference as to the distances from shipping markets of the world. The distances Praka, Shanghai, and Hengkang to the chief btween the three ports and the various Chinese and Korean ports are as under:-

9.991

Refineries.-China Sugars can be placed at

BLAKE GARDEN will be open to the public on and after Tuesday, the zand inst.

As will be seen from the foregoing, there is 332 and $233 ex the interim dividend of $10. 1:eat to engage in any business worth mention.WHILE in Tokio, Mr. Taft and Miss Roose civilized method. 'In America the labour party

paid today. Luzons have declined to $25 and ed and are in the market: at Tia- 7.20, Raubs offering. Perak Sugars are firm at Tis. 68. Mining Chinese Engineeringshaveweaken. are inquired for at 53. A private telegram from Singapore informs us that the crushing for the past four weeks produced 646 ounces smelted gold from 5,5as tons of stone.

velt each contributed Yroo to the Tokio City Poor Fund.

THE Chinese in Yokohama have resolved to boycott thlags American, including banks and

A CERTAIN German merchant 'in' Shamien, Canton in alleged to have said that the retaliat» ting on Americans by boycotting is a very

not only causes trouble ‘against the Chinese labourers but have boycotted Chinese goods for a long time now and the U.S. labour party

Spectator willing to the Chins Garitis on the state of the Shanghai share market during the period, 29th July to 4th August, says costu

A half-holiday and three whole holidays have intervened since our last report, leaving barely three ordinary buissess days for those who still awolter in the heat of Shanghai. It seams in- congruans that during the present anti-paradise. temperature one can actually buy Ics shares under par, at day, Tis. 24 per share. But, of course, in these things it is always the un- expected that happens, and rumour has it that all the Ice Company's ice has run hot, hence the cheapness of their stock. A

Colton Millu are still being inquired for 1 was have been done at Tis, to for October, and Laoukengmows at Tis, 60 for December. Kalpings have found buyers at Tis. 7.15, 7.50 Toge pref, at is, sa Gas Co. at Tl. 23.so ox div, and China Sugar at 5135 to Hongkong, This Company has declared an interim dividend for 1905 at Sto per share or zo%. Municipal Debentures (6%) are arm at Tis: 99, and Astor House. Debentures (8%) are difficult to obtain at The 105 The above are ali cash quotations Speculators have been too oppressed by the ing A few Langkats have changed bands at en 1925 herbst and 195 for Decem: Tis, 187.50 for Caib, 190 for August and Sep.

ber.. Hongkew Wharves have found bayers at ris, 194.50 for Cath, 198 and 197.50 for October Osaka, Shanghai. H'kong

and 200 for December. There has been no movement in Indos, a couple of transactions Miler. Miles, Miles,

at Tis, 66 and 66.50 for Cash being the only Vladivostok .......................... 811 1,011 1.738 Docks, Wharves and Godowns-Hongkong business done. Farnhamsstrengthened a little l'usa................. 378 481

1,112

and Whampoa Docks have improved and sales after the July Settlement, and shares have Chemulpo

1,186 at $100 bave been effected, Farnhams have changed hands at Tis, 143 and 141 Cash, 144 Dilby

1,260 further declined and are obtainable at 8:39. August, 145 September, 146 October, 140 and Newchwank in 2009

Kowloon Wharis are on offer at S1021, Hog 148,50 for December, whilst one reckless kew Wharfe have dropped to Tis. 19g and close speculator has sold Farnhams at Tis. 150 for with sellers at this rate.

March 1906. Some people imagine they are Landa, Hotels and Buildings-Hongkong able to look eight months ahead. It is rumour Lands have been disposed of at $124 and $125 ed a day that Mr. Twentyman is not going and close at $126. Shanghai Lande are un- home after all, and that he will remain in changed at Tis. 122. Hongkong Hotels bave his old position as director of the S. G. Farm- risen to $150. Astor House Hotels have de- ham, lloyd & Co. Ltd. We give the rumour clined to $191. The report and statement of for what it is worth, but we are inclined to be-Japan, with fatal railway accidents in Kiuchu, accounts for the year ended 30th June, 1995, lleve it is not worth very much.. the directors propose to deal with as follows-Settlement that it would not be finished by the show a divisible balance of $87,344-43 which

As regards our remarks anent the July Captain Walter Barker, U.S. army, is among

A STORY reaches Tokio from St. Petersburg To pay a dividend of $2 per share, absorbing 29th July 1906, it is strange that we should LIEUTENANT-Colonel H. G. Fiston, D.8.0. plan to destroy the great railway bridge over giving particulars of the failure of a Japanese $63,800; to place to a reserve account $ 4,51639 already be able to furnish proof of our conten

Royal West Kent Regiment arrived on Wed-iba Sangari. It is stated that last month a Colonies have changed hands at T 17 certain young man, who has undoubtedly more ment to command the 2nd Battalion.

village near the bridge and prepared to carry Humphreys' Estate have been booked and are cheek than brains, got himself into a mess over in demand at srz.

out their scheme. One of the party, however, Cotton Mills.—Ewos are easier and can be the July Settlement. If he had only exercised A JUNE containing two Russian naval officers | turned traitor at the last moment, and gave in-

ordinary business acumen and gone to a little trouble to find out the real state of affairs he

the village was soon surrounded by troops; formation to the Russians, with the result that need not: now have gone to the trouble of

and 450 Chunchutes, armed with rifles, ravol- advertising staff in the papers, which only stamps him as a speculator of the character

vers, and carrying explosives, were captured. "heads I win, tails you lose." But he will not

160

709

403

850

745

.689

1,441

Tientsin.mm 1,024

719.

306

Io

801

820

425

Osaka........

-

456

insurance offices.

No dog brought from Shanghai will be per. mined to land in this Colony for a period of six months, from the 11th inst,

dn not deal with any American shop which sells Chinese goods. Such belog the way of the American labour party it is quite right on the part of the Chinese to follow that example.- The Sinwampão.

A DREADFUL crime is reported from the dis- trict of Toyotama, near Toklo," The wife of THE Mainchi pablishes a Peking telegram to H. Shimoda, a farmer, was arrested on August the effect that the newly established German on a charge of having killed forty infants.. Chinese Bank was opened there on the sal daring a period of years. It appears, states the Japan Mail, that she adopted, for, a consider THE four hours' speed trial by the Americanation, illegitimate children, whom she at onco squadron in the Gulf of Pechili on the 30th Proceeded to starve to death. She was uit, was won by the U..S. Raleigh at 30) knots. moved on August 6th to the Tokio District Court. The same day, three man and ten-wo- men residing in the same district were arrested on a charge of having assisted the woman, ‚

THERE has been a disastrous storms in western

the wounded.

Tsingtauli 919 Shanghai Foochów.....· 1,042. Hongkong 1,418 820 Canton ............... 1,501 003 83 Sat 1,418 In a recent issue of the Japan Chronicle

The difference in the distances between the appears a translation of an article on "A respective ports is not very great, though the National Harbour," by Mr. Nakahashi, transposition of Hangkang as an intermediate port isted from the Tatys, in which the President between the ports in Japan, North China, and of the Osaka, Shosen Kaishu, contrasts the Korea is comparately remola and consequently comparative merits of ports in the Far East disadvantageous, But all the harbours in China with a view to the consideration of their advan-are not deep enough to accommodate large and to carry forward $9,028 40. Hotel des tion. It has been the talk of the town that anesday per à 5. Ceylon from Malta, on appoint- † party of Chunchuzes secretly assembled at a tages as distributing centres. The article is of vessels, which, therefore, will be required to put much interest in the light of the future of into either Osaka, Shanghai, or longkong and Osaka, says the Chronic, but Mr. Nakahashi tranship goods into vessels of smaller tonnage does not in this article deal with the great before they are sent to their destination. For advantage possessed by Hongkong and Shang this reason the part to be played as an inter- bai in having either no Customs duties at all mediate part is most important or duties that are very light.

Mr. Nakahashi then proceeds to review the respective merits of Yokohama, Kobe, and Osaka as regards the possibility of making one of them a great tradal port in the Pacific, and elaborates his plans for harbour improvement

at Osaka.

JAPANESE INTENTIONS IN

THE PACIFIC.

obtained at Tis. 5o internationals have been done at Tls. 45 and Laou-Kung-Maws are wanted at Tis. 55. Soeychees are inquired for After sales at Tis. 209. Hongkong Cottons bave receded to St

+

Miscellaneous-Green Island Cements are

steady at $28. Electrics are procurable at $1gbe let off so easily as all that, and $9 for the old and new shares respectiva. ly. Hongkong Steam Waterboats are wanted at $14. William Powells (old isane) are quot ed at St the new sharci have been dealt in at Stoi Hall and Holte have been sold and more shares can be placed at $27, Sumatras are steady with sales at Tis, 68. In con- sequence of the small dividend declared, Langkais have fallen to Tis. 165, but close with buyers at this price.

FREIGHT.

In their circular of 12th inst., Messa. Lamke

Oldhamia) was captured in distress by Japan and fourteen bluejackets (probably from the ese man-of-war, near Iterup in the Kuriles. THE appointment of Mr. B. R. H. Taylor to act as Harbour Master, etc., during the absence on vacation leave of the Hon. Capt. L. A. W. Barnes-Lawrence, is notified in the Gazette.

THE name of Isaiah Edward Mitchell of the London Mission, Bonham Road, has been added in the register of medical and surgical practitioners qualified to practise medicine and surgery in the colony.

The following resume of the week's share transactions is from Messrs. J. A. Sullivan and Co.'s report published on the roth August-

Our last circular was d red a fortnight ago, and since then the all important July settlement has taken place, and passed off outwardly with out grief, but many brokers have had to dip deeply into their pockets to square their con stituents' accounts. The Autumn Bank holi-

HERR F. O. Licht, o Magdeburg, in his month days occurring the following week caved a partial suspension of business, and but fowly report, dated in July, on the best sugar trade. operations took place, hence why our usual states that the production of beet sugar shows weekly circular was not issued. Regarding a decrease of 817,0:0 tons, but his estimate for general business: The Shanghai and Hong the campaign is unchanged, Few Wharf Co, de lared an interim dividend of 6 per cent, payable 33rd inst., and large lats of shares changed bands immediately at advanc. Tis, 1971 for cash. l'acks are quieter and cash shares are obtainable at Tis. 140 Indo-Chinas are very steady and shares are wanted at shares are firmer pad, buyers are trying us kang during the month of June. Of this num successfully to get in at old rates, but dealers ber 36 were in the European and foreign com- and to-day demand is quoted at 2/7 15/16. Army and Navy, of 25 5 per 1000, per annum, For 3 days papers "ongkong quotes 714. Consols £907

THE superintendent of the Botanical and Afforestation Department has given notice that Gardens payments must in future be made lu cash before the removal of the plants,

IT in reported from Scool, that the whole Korean Uabinet has resigned with the single exception of Ye Yong-ik. An explanation in given by the Yoroda, namaly, that Ye has steadily bean acquiring power of late and that his colleagues' absent to Japan's coast-wise trade proposal furnished him with a pretext for denouncing them as traitors to their country, The chief of polica is alleged to be of Ye's party and to be consequently preparing some important exercise of his power. Thus these interminable faction fights continue to impede all progress in Korea

IN connection with the Wingard Challenge Cup, mentioned in our issue of 24th inst, wa understand that the following Clubs have on- tered-Hankow, Tientsin, Swatow, Hongkong, Gun Club. More entries are expected. The winuing team will have the custody of the In- | terport Cup for one year. The member of shall be as nearly as possible a miclature fac. simile of the Cup. An entrance fee of $5 to be

club to pay balance of the cost of replicas.

great commersial emporium on the Pacific sea. worken made a strict topographical" study of some of their tonnage from the coast is already Tlu. 57. 1. angkats are slowly depreciating and THERE were 736 deaths registered in long such team to be given an individual Cup which

ed. On the American side San Francisco will the writer urges, has largely helped the Japan- demand in the direction Saigon to Hongkong, expect a rise. Exchange har been very steadymunity, thus giving a death-rate, excluding the paid by the member of the teams, the Wlaning

· HONGKONG'S · SHORTCOMINGS.

and Rogge state:-

Chartering all round is continuing on a diminutive scale, and a more hopeful sentiment for the early future To illustrate the present dulness and at certain outlook, it may be worth mentioning, that the advisability of re-calling being seriously considered by certain owners.

There are slight signs of a re-awakening of but only very small carriers are wanted, and the rate is practically ill at a ballasting level, steamers can certainly not derive any actual profit from the figure held out so far, viz. 9 to 9 cents per picul. It is impossible to say whether and to what degree there will be an advance in the rate during the remaining part of the present season, but what with high prices at Saigon and an apparently wall stock ed market at Canton, any material change for the better is a rather remote contingency.

To lead at Saigon for Philippine ports three steamers have lately found employment at rates ranging from 16 to 18 cents per picul. At the close there seems no disposition on the part of charterers to make further commitments.

Again nothing has been doing in the shape of chattering from Saigon to other destinations. Quarantine at Saigon against arrivals trom this port has not been officially raised yet, but all the same vessels that lately arrived without having passengers on board, were subjected to From Bangkok reports as to paddy available for shipment have been decidedly better lately,

Wharve-A considerable business has been dons in Shanghai and Hongkew Wharf shares from The 190,193, to Ti 195,197 Tle. 197, the advance being the declaration of 6 per cent. interim dividend. For the end of September abares have changed" the month saferat Tis. 19% to Tls. 200 are an nounced.

THB Seoul Press announces the death of Mr. Seoul, which took place on July 26th, Mr. Dixey Dixey, student interpreter at the U.S. Legation, was twenty-five years of age, and a native of sign. He had only been in Beout for a

mouth.

"

THE report of the Pasteur Institute at Batavia for the year 1904 has just been issued. During the year 228 Furopeans and 364 natives were admitted to the Institute for treatment. All the Europeans recovered and only a few natives

succumbed.

་་་

AN action for 5648, being the balance due for heard by bis Honour Mr. A. G. Wise, Pairne coals supplied to the steamship Holching, was Judge, in the Summary Jurisdiction Court on Arm, Wing Wo Street, plaintiffs; and the Wong Tuesday. The parties were the King Hom Lee firm, defendants, Mr. E. A. Banner, of Dennys & Bowley, appeared for the plaintife; and Mr. P. W. Goldring, of Bratton, Heft & Goldring, represented the defendants. When the case was called, Mr. Goldring said he con "Judgment for plaintiff with coats," The onted to judgment. His Lordship sald- hearing lasted nearly two and a half seconds.

1

Mr. Nakashashi says that the trade in the Atlantic has been brought to its present dimen- sion and prosperity, almost exclusively by Europeans, and Americans, and with the com- mencement of the new century the Pacific trade has entered into a career of much futura- promise. In the latter Americans, Chinese, Japanese, Indinos, and Australians are the Tading actors, and, inasmuch as a country which commands a good commercial position in the Pacific niust naturally absorb a large

A long article in a Noumea newspaper share of trade, the question of how this is to be draws attention to what is considered the dan brought about deserves the serious attention of ger of a Japanese invasion of some of the Paci Japanese. The Pacific trado sa far as it affects c islands. It is believed that they have Japan may be divided into that with Australia, already cant envious eyes upon new Caledonia, Europe, China and Korea, and America. The where, it in said, a system of Japanese espion. Australian trade, chiefly on account of geo: age is he progress. There are already many graphical position, is not large in amount and hundreds of Japanese in the French colony. is of secondary importance, but the trade with The writer points out that the Japanese army, China, Korea, and North and South America being trained by German officers, has naturally is already large and is capable of further ex adopted German methods of warfare, in which pansion in the future. The trade with Europea thorough system of preparatory espionage Can hardly be said to pravail as to prospects | ing. prices the market closing strong at when plants are purchased from the Rotan Foochow, Shanghai, Gon Club and Stortman's comes next in importance.

forma an important feature. Thus, before the COMMERCIAL EMPORIUM.WANTED. outbreak of the present war, Japan by means Now the necessity of the establishment of a of aples who appeared to be only commen baard to meat lie requirements that will follow Manchuria, becoming much more acquainted the expansion of trads will be readily recognis. with it than the Russians. This knowledge. for the present remain the leading commercial ese in their march from victory to victory. The mart, but in the event of the completion of the same system of espionage is; be says, going on Canal, Panama will become the principal port in the French possessions in Indo-China. of transit of merchandise, San Francisco, From this he passes on to what the Japanese Seattle, Vancouver, and Portland coming next are doing in Caledonia. "If is certain," he says, in the order named. No extensive emporium "that Japan has its eyes upon our rich colony will be established on the western coast of of the Far East-at the present moment do South America owing to geographical dis one can eubt ft" Is it not within the region of advantages. In East Asia, on the other hand, prossibility, he asks, that the New Hebrides there are several excellent harbours such as may be taken possession of by the Empire of Hongkong, Shanghai, Osaka, Manila, and the Rising Sun? The occupation of that Dalay, all of which are capable of future deve archipelago by any foreign Power would in. lopment, according to the geographical and evitably lead to the loss of New Caledania, other advantages which each possesies. "At Noumea," the writer proceeds, the Japanese are relatively very numerous The essential qualities of a large tradelThey exercise various callings-hairdress

ers, wasbermen, cooks, and, most suspicious of port, says Mr. Nakahashi, are that (1) it must all, for reason to be explained, fishermen. Alf Occupy a polni on the Eigh-way of communica their people possess an education far above the tion; (a) it must also occupy a point well suite needs of their occupation. All or searly all ed to be an intermediae port for neighbouring speak French and English and can read and countries; (3) it must possess in its vicinity write. They may be seen constantly walking many factories producing goods for expert (4) about the neighthood, observing everything, but a few hours' detention by the authorities. In its neighbourhood there must be an extenrand, no doubt, also noting everything. I ob alve field for domestic trade (5) it must possess served one furnished with a kedak Inking many excellent harbour accommodation; and (6) it photographs of the harbor and its surroundings, but the unfavourable state of our market proves must have a cheap and abundant supply of fuel. It must not be forgotton that some time ago a hindrance to chartering operations. New York, London, Hamburg, and other large many Japanese officers went ahore in Aus The fixture is on record of a fairly large ver. more or less degree, Manila will not, despite purchases of remounts for the Japanese dry and wet sugar, at to cents per picul. There and Tis. 141. "For the account at the end of the Government can increase its income by sickness among the Japanese troops, and out. European parts all have these advantages in tralia, where they made some important el to load from 3 ports NO. Java to Hongkong, the desire and efforts of Americans, develop cavalry. is it not probable that some of does not appear to be pressure for further ton into a first-class tradal part owing to the fact those officers, when their mission amongst page though. that, apart from the torrid climate, it has gei; our neighbors was ended, made a short turn

Hongay to Swatow a boat closed for two ther factories of importance nor a large field to glance at our island, which they know. Lips at the low rate of $1.50 per Lon.

The Northern market, le labouring badly for laland trade, while, as an intermediate port perfectly well in rich in minerals of all kinds, for Chias, Japan or Korea, the distance is too and especially in coal?" When a case of under an over-supply of tonnage, and business great and fuel too dear. The same may be suspicion has been established either by the is positively at a standstill, no tonnage being said of Dalay (Fairen) to a certain extent, with conduct of the Japanaic, or the finding of com- wanted from either Wahu, Chinking or Now the only exception in its favour that as a ter promising documents in their possession, the chwang to any of the Southern ports. minus of a 300-mile railway mails and a certain writer considers they should be expelled, and class of travellers will pass through the place even severely punished-Sydney Tilegraph. But so long as railway freight cannot success. fully compete with meamships, and Eastern Siberia and Northern Manchuria remain more densely populated than Bouthern Manchuria, Dalay will remain a feecond-claes tradal port, It is, therefore, only Hoogkoa, Shanghai, and Osaka which possess qualifications that will enable them to develop into important conie. mercial emporiums in East Asia. The short comings of Hongkong are that, being an isolat éd island, its scope is necessarily fimited, it has ho manufactures to speak of, while the sphere of liland trade is confined to the neighbour, hood of Canton. Although; Hongkong may continue a chief distributing centre of Euro penn trade, its position is not suited to be a large mart for Pacific trade in the fature. Shanghai is baitersituated than Hongkong la having millions of people in the Yangine valley, many factories in its vicinity, while it has a favourable position as an intermediate station. fts only weak point is that the harbour is not

deep as it should be for a large commer cial port, and this fact greatly discounts the possibility of its becoming a port of much greater importance than at present.

OSAXA'S CLAIME

Osaka, on the other hand, not only is situated an the highway of the world's commerce, but its position is unique as a distributing contes for Chins; Korea, and the South Sea islands It possesses within easy reach many factorias * turning out articles for exports, while, in the matter of domestic trade it covers an area con- taining two-thirds of the total population of the country. For fuel the coal fields in Kyusho will give n practically unlimited supply serous the water some two hundred and odd miles is ;exient." Osaka has already laid the foundation

COMMERCIAL,

Quotations for the week close as follows :---- Hongkong Banks... ...$912) **. £89 National Banks "...

*** 38 b. Union Insurancek...

*** 740 b. China Traders

Canton Insumuges China Fires... Hongkong Fires

+14

I -་

75 b.

... 330 sa. & b.

24 B2.

335.

16 b. ex diy,

133 sa ex. div.

31.

b.

hem on 201

... 102) & 138 b. ...127 b

H., C. & M. Steamboats Indo Chinas.... Chine Sugars,,." Luton m Rasbe Docks Kowloon Wharfs Farnhama

* Hongkong Lands....... Hongkong Hotels....... Humphrays Ewo Cottons, i Hongkong Cottons Green Island Cements: -Eléctriès *-!

DE

*** £50 ....

12 BR. & b.

.0.

Steam Waterboats.is

14 b. A. S. Watson mm ***

13. WEEKLY SHARE REPORT:

In their report of the 18th inst, Messrs Benjamin, Kelly and Potta state

A fair business has been transacted during the week and rates have, in several instances, further risang

Coal Fraights from Japan remain neglected. have been effected on monthly basis, both Time Business-A couple of settlements steamers filling special requirements. Quite a number of varsels, some of which in every way well adapted for the China coast service, are now offering on very easy tarms without how ever finding takers and it is feared, unless something very unforeseen happens to cause a peculative demand to spring up, that morn than one owner will have to face the inevitable and look for a home charter.png

As concerns sail freights there is nothing new 10 advise.

A Sail Freights No change,

Sail-tonnage loading or to land,For Balti pors and New York, British bark Lawhill, arrived sed ipse. Men

Disengaged-British ship Trasanpors, azco tons (left May stat for Port Angeles, but was lowed back June 8th after having aground in Harlem Bay) British ship Patr of Brandir 2,000 tons, British ship Eclipte, 2,969 tone.

Departures-Americas salp Kenilworth, 31st fuly for Newcastle, H.8.W,

·CHINA TRADERE.

It has been understood for some little time that the China Traders Insurance Co, Lon was to be amalgamated with the Union Insurance Society of Cautoo. In their Share Report of the 10th inst. Main J; A: Sullivan & Co. write, Funder the heading China Traders We are credibly informed that the old name, after the amalgamation, will not disappear, but that the Company will formally pass under the management of the Union Insurance Society of Canton, who will assume control and direc tion of the China Traders' business, and ar rangements will be made to pay off the present staff of the company in a liberal manner,

ownership at Th. 195, T. 1971, 198, 1981. Tis. 2011,205 and Tls, 201, October sales have been booked at Tis. 197, Tis. 198,197, 1974, Tis. 205,204,206 and Tii. 2021. For December business is recorded at Tis. 100, Tis. 1971, Tis. -2'0,196 and Tis 195, Tls, 200 Tis. 105,106,308), Tis., 210 and yesterday at Tls. 207,207 Buy ing orders are in the market at the last rate.

Shi pingindo Chinas have been easy until to-day and cash transactions are reported at Tls 66 to Tl.6%. For this month's clearance similar rates have been obtained. October sales have been published at Tis, 69,68. For December seremal transactions are reported at Tis. 70,701 and Tla, 71,70. To-day cash shares are wanted at Tis. 67.

Docks-Farnham Boyds have had but slight attention and a comparatively small cash busi. ness has been dope at Tis 140, Tie, 143,142 the month buyers have been found at Tis. 14443 and TK 14c. September sales are reported at Tha 145 and Tis. 144.143 October at Tis. 145, 11, 149,1481 and Tls. 7481,149,148 and to-day at 116, 146). For March 1906 a transaction is reported at The. $50.

Cottons Evos have been placed at Tin 48 for cash, and at the same rate for 29th at October shares were previously sold at Tis. 59. Lagu- ung-Mows have been let go at Tis: 55 Chees have changed hands at Tia: 200 for cash and at The Fo. for December. Soey-

Mining-Chinese Engineering and Mining shares have had attention at Tis. 7.60 and Tls, 740 ex. To-day Tls 7 to has been done, and shares are wanted at T. 7.60. Fer London scrip Tis: 74 wis optajped. Weishal-wej Golds have changed bands și 110 and Bo

TobaccosSumatras bere been sold at Tis, 68 cash. In Langkats business has been done at Tie 190,187) for cash and at Tia 100 forthin month's cleanice, For September Tis. 100,188 are quoted. October sales have been published at Tia, 192), Tis 1913, Tim. 190,191, Tie 187, 1868 November at Tis. 1931, and Tie, tos), For December contracts, have been made at TI6; 1961, 197); Tie 195,194 und Tis. 103. The fortnightly relarus give the daily arrozale output of oil at SSL000 galls, and petroleum in tanks 1199x galls, Kerosine made 83,000 cases shipped 72,050, and in stock 68,009 Cress.

SAIGON RICE,

PHILIPPING IMPORTS, INCREASING, AN

The steamer Søythgrove, 478 tons net, while tying at anchor la Kobe harbour on the 2nd, TERRE are no signu, remarks the Japan Mail was run into by the O, S, K,S. Ganson Moru of any activity in Manchuria, Rain falls for whose stearing gear bad broken down. The Southgrove was holed below the water line, but three days consecutively and thereafter follow two days of sunshine, so that, just an the roads was towed into the Kawasaki dock in time

are recovering consistency, they are again re- recently by the Russians at Hailungching--- TOKIO papers report that the Government induced to pulp. The momentary move made tends to convert the sugar business into a Government monopoly. For this purpose, the the move which elicited such a remarkable Kuthorities are preparing a bill to be introduced report did not, apparently, encourage them to the unwholesome weather there is very little in the next session of the Diet. It is said that any fresh advance. All is quiet. In spite of

of every three men on the doctor's list, two are this means by twenty million yen,

reliofa.

In the Supreme Court on Thursday in sum, mary jurisdiction judgment was given in the case of Yuen Hong Kim and another warur Li Shik Kang, when Sago was awarded as damages against the defendant for trespass on plaintif's property, and each party to pay their own costo. This case has been fully reported in our columns,

THE value of newly-minted currency exported to Korea by the Osaka, branch of the First Baak op to the end of last month, to be used in exchange for Korean nickels, amounted to X1,500,000, of which Ysco,000 was represented by 20 and sausen silver places and Y1,000,000 by 5-tan nickels More will be exported as they are minted...

H.E-TEX Governor, Sir Matthew Nathan LC,M.G.'was “at homes on Friday afternoon at Mountain Lodge; Peak, The rain which had threatened in the earlier part of the afternoon luckily held off, and some two hundred gate wen present to pay their respects to Hin E cellency, Refreshments were served in mar, quees erected on the lawas. A very pleasant couple of hours were spent.

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A TOKIO message, to the Mainchi states that on account of the rainy season now in progress in Manchuria, the unsettled,nature" of the weather on the Saghalian coast, and the recent unfavourable weather conditions in Japan itself, his Majesty the Emperor has manifested much solicituds with regard to the warlike operations, and also concerning agricultural prospects and the sanitary condition of the Empire. Ha Majesty is Consequently paying great attention to the reports from the central meteprological observatory The Emperor recently ordered one of his Aldas-de-camp to proceed to Fors mess to make inquiries concerning the condi- tion of that island,

On Saturday Inspector Langley received- telegram from the Shanghai police requesting him to look out for a Chinaman who had bolted from that, place, and was. belleved to be proceeding to this port in the e, Kiw Kiang. with a quantity of stolen jewelry in his passen sigo. Upon the arrival of the vessel in hare "bony this morning the inspector west on board and found the man, whom be at once arrested. "Evidence of the arrest was given before Mr. F. A. Hardland, later, and the case was remand- ad for and weska Jewels and money, to the value altogether of 52,6ra were found in the passession of the accused, allow

THE Younger members of the congressional party were entertained at funcheon by Mr D. C. Jones, on 11th inst, at the pretty home of terminating Jaly 28 no less than 1,653 tons of kong and Shangbal Banking Corporation, A rice, the staple food of the Filipinos was sent delightful tifin was served, and the guests were for Smith charged Li. Tsui Shi, a widow, of 15, from Salgon to the port of Cebu for consump charmed with the hospitality of their bostess Albany Street, for that she feloniacaly and with tion in the Pallippine flande: During the drstand the Oriental picturesqueness of the Cass intent to defraud did offer an instrument pus

many porting to be the will of 13 Tai Hing, allur Li six months of the present year there have been and grounds. Za Media

C/ Chan Shang, deceased, and to have beep mark- exported from the game French port to the N Philippines 94.991 tone of this cereal. The Iris notified to the Gagefie that an exhibitioned by him in the presence of witpesset, Contrary importation into the Philippines of this im- of forms, vagatablos, fruits and preserves will to section 23 of Ordinance 4 of 1961, at Victoria portant food product has greatly increased pyar to hold le the public gardens about the middle in the Colony of Hongkong, op, the tosh of July, the amount imported for the same period of of February, od Residents and others are 1005. Mr. O. D. Thomson appested for the time last year when only 79,545 was brought invnndeln mhibit. Suggestions requests for prosecution, and Mr. P. C. Barlow, of Mr. H. here from Bigon. In 1896 the Importation infotion ofere of special prises, and other K. Holmes office, for the defence. Mr. Thom amounted to 1.380 tons. In 1899 it rose to communications, should be addressed to the von applied for a remand which was granted 21,339 tona, in 1901 to 84,422, in 1903 to $33,744 Secretary Flower Show Committee, Botanical until the 29th inst, bail being allowed in the

and Afforemation office. /

- sum of Sayo, tops and in 1003 dropped to 115,617 1086713

During the 15 days: barinuing fuly is and the head of the: Manila branch of the House aEFORE MË, G, N. Orme ou Wednesday laspec

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