1909-01-02 — Page 16

THE HONGKONG TELEGRAPH

had the despatch at Proing at base to bad and the chapes of securing return cargasi Dot so miserable. handy timber steamer was fixed from Rajang to Hongkong the rus ob

SATURDAY JANUARY 2 1900.

March, ($797) ex div, in April), and remained in free comthaw shares. This little Com-and inst., Erchangs went ups rapidly, by- fairly steady up to the end of July, when a pany has a good future, barring sccidents from and 3/16 unill 1.8) on the morale of the 28th light depression set in, as numerous selling or rinderpest and other cattle diseases; present last, and yet higher to 1,81 al 2.30 pm, same ders came into the market, and causing rates to quotation Sta per share. Cements have ruled day It has remained steady since at EEL unsteady the number of shares is rather large, which is the closing rate on the last day of the ysar, Private papar la pretty steady, and another sport set in, and as high as

That closing with soles of their surplus holdings ;"wa

· China: Traders

that the working of the Company continues of England at at per cent chalet at $840.

Unions, have not been

when

Saigon to Java w ftd at to cents. Later on,ug Nonth by hook or by crook, the Northern. tained was, hbirever, on a lower basis than prê•. recede" to © $745^at end of Angulorged and lots of people have thought, sit to dispose closes at a}%:with the rollag fått Gof the Bank t was, being considated better Ivious fixture has been paid 'since, market closing daalt good, and that ⋅ a reasonabla dividandwill From the foregoing the vágáries of the white)

ing the crops, also affected the market to some clyded to Singapors, and a small handy steamer degree. At saigon old crop cargo was getting secured a cargo of sugar from Iloilo to Yang. scarce and rates to Hongkong dropped to (#19, Idle tonnage started to accumulate in cente per pical. At the beginning of the month Hongkong, and the order of the day was to get bowever, rates rose to 13 nad 11 cents, at which, market, bad as

small number of steamers found employment. than the ous down here, especially as no im

of the Palo Laut to Hongkong was done at 53.351 i provament could be expected in any of and to Kohsichang Sito $1.25 was obtained. trades, Owing to the collapas in Canton Coal freights remained idle with very little in of the bean and beancake market, rates of and Moji to Swatow at $1.40. By the middle clined, and during the whole of the month, only of the month so much idle tonnage had acca ona boat was fixed to Canion. The barth rates mulated that sudden large inquiry for son

from Bangkok to Hongkong were lowered to to Hongkoop 25 inside and 18 cents outside the bar, less the marely had the effect of bringing 14 caute, at which quite a number of boats outsiders were placed in this direction. The were closed. A couple of chariors were

dency of the

know. Howevar

quiry, Haiphong to Canton being fixed at $1,60.) freight from Newchwang to Southern parts de trouble having erisen between thushippers and any shares balog an offer or wanted: None declared that the close, 6011óra ki÷59.90 mula | metal remain as great a pomalu, as ovario d

A BLIGHT IMPROVEMENT, October saw a slight improvement in ip far that quite a number of vessels found employ. ment in the Wuhd to Swator trade orisg so the reguar lines, and several sleamers which were laid up at Hongkong and other places weat North to enter into this trade. Owing to the number of boats competing, rates did not, Southern market remained as dull as ever,

the market. Ices have suffered from rumoure

* GOVERNMENT HOUSES ed opposition, both here and in Macao; the closing rate is Sao sellers. Ropes have well as baual, but there are sellers at $74

Miscellaneous—O! Companies under this

done

, maga which set in from Saigon rate up to usual beavy commissions and rabates, but go however, tascha émisfactory level, “and the ex div.) at the høginning of May; this price was bead seama to be making good headway? :Mabara) Kumar of Sikkim, attended by Major &

also

we bave but little to say. The China Borneo On Friday, 25th Inst., H. E. the Goverent

sad Lady Lugardentertained. B. H. They

O'Connor, to dinner at Government Horse.

Titot.bich is the closing rate all although shares are still quoted Sir.

affected for consecutive voyages, commencing Java market⋅ was, also lifeless, nothing" baing I ́Several steamjors werg laken up on time charter February at 16 and 17 cents to Hongkong with dean to Hongkong," and such miserable.rates basis for salt business; and large-qualities to TK, 105, W

option of Cautes at 19 cents. To the Philip pines, a belter inquiry set in, and rates rose to 33 and 36 cents, in one instance to 27 cepta, and speculators begin thinking that the market would improve sufficiently to allow them to taka'boats on time with a profit.

As 8/6 la 9/6 per.ton were actually accepted by Japanese tonnage from the North coast ports in Japan. The inquiry for coal tonnage also abated, and rates dropped from 5.50 to $1.35 Moji to Hongkongs from $1.80 to 5.40 Hongay to Canton, and from $2.49 to $2.10 from Wake

·malzu to-Capton. · ·.

STKAMERS LÀID UP..

tons per annum. of which about

since.

pany,

Chips

Government.

in and are more or less unchanged, hardly China did not fluctuate much during the first 3 months, the rale varying between Tia, 87 and Tie 85, but at end of March a slight fall occurred, shares quoting Tis. 81 (and Tis: 78

maintained till end of August, when as movement set in, the rate advancing, came forward for abipment from ports in the fluctuated between $175 and $1671 closing Bay of Pechili, As the steamers have to load in at laller rate. Cantons have suffered mail, open roadsteads, this chartering is not desir roisg back from 31421 to Szee just before the able, except bero fixed lay-day" can be ar- dividend was paid in October, when the price tanged. It may be mentioned that the production became $186 but up to 595 has been paid of salt in Chios has now reached some 160,000 Fire Insurance Shares-Hongkongs remain-

i៤០,០០០

Honkongs remain. duced in the Province of Chili, a small quanti ad steady for, the first 2 months, the price. A.SPECULATIVE VENTURE.

wasty in the vicinity of Plentsia, and the balance, ruling between $330 and $395. After the February opened quietly in all directions

.The result of the whole situation

in Hainan. A large inquiry set in from New dividend was paid in March, the stock stood at with the exception of Saigon to Bengkong that considerable increase took place in where the inquiry was well maintained and

the number of steamers laid up, tonnage chwang and Talienwas, and rates rose.from 21.5295 and moved gradually to $335, when a slight quiet a number of boats were taken up at rates aggregating some 403,000 piculs, having accu- to 25 cenu per piculto Canton many owners reaction sat la, down to $335 being accepted, ranging between 14 and 16 cents par picu!.mulated at Hongkong by the early part of June. being unwilling to bilag their vessels into a cul which is the closing rate. Chions which opened To the Philippines, rates also improyed a fiule, Several of the Bangkok Users which were da ae by accepting business in this direction,

mediately after payment of same they stood at 26 to 28 cents being obtainable, and some 6x- taken off the run were fixed. from Saigon to so that for a time, the demand 'actually-exceed. / 95,10ze toSyß just before dividend time; im. London. The fight has been long and strenuous Fizet: Str.James: Erskine, "X.CD Lady and) tures ware concluded at 14 and 15 cents to Java, Hongkong where in the fatter part of the ed the supply, this showg that should any $89, and rose gradually, till they now stand at while Saigon Bingapore, in one instance, was month, a sudden demand sprang up, owing to large inquiry set is, either up North or down Stoo; it is said that both Companies had a done on the basis of 16 cents per picul. reports of extensive damage to the Canton South, freights are bound to rise. In the South, good year, losses being small k

Shipping Shares. Hongkong, Canton and The anticipation that rice freights would rise district crops through fods, and a number of freights ruled low, 4 ceals being accepted from to the same level as in the previous year, in

to Hongkong by one of the limesick Macaos bave not fluctuated much, and in beats were again employed in this direction. Saigon to log one on record since she com- close at about the same price as they duced speculating steamship agents to fix a. However, owing to a super-abundance of formencement of the rite trade between indo opened, viz, 5101; this Company has been two-thousand tooner at $4,700 for 4 option b nagevel of a ceply. Saigon to JapaB 'WAL'

rates were only brought up to the miser

China and Hongkong." Peilippine freights doing very well and it is rumoured that months. The result of the ventura, however, ultimately tuined out a complete failure, as the done in two instances at 21 cents per picul, fell from 19 cents to 17 cents per piral, and a bonus might be paid to the shareholders at next meating. Indo-Chinas ruled very weak market after Chinese New Year took a decided. thess being the only fixtures in this direction. coal freights also declined, $.10 being taken ly discouraging sum. The unfavourable ex- Local speculating steamship agents took some from Mojito Hongkong, and $1.30 from Hop and have followed a downward course all the year round; the opening quotation was $68, change influenced the Bangkok market and no cargoes from Saigon to Java on spec. for July, gay to Hongkong... business was done in this direction to Hong August and September shipments; these car-

and they close at $54. This is not to be won kong and Singapore, and even the liner found gnes, later on, were taken over by the liners,

dered at, as freights on the coast have been difficulty in getting full cargoes. Coal freighte

who, we understand, again aub-let them to

very poor. Chian and Manilas have been a more or less neglected quantity and rates have were neglected, $4.25 being top rate from Moji owners, the owners, we presume, in this way to Hongkong. Wakamatzu to Canton was

to pay accumulated commissions .on. having

not changed moch, the closing rate being done, at $1.92 and from Labuan to Hongkong reduced rates. The Java and Bangkok

$14, sellers, against $15 at the beginning $1.75 was paid, "while a fixture took place at

markets continued in the same dull state, no

of the year. Douglases have also under- $1.00 from Kuchinatza ta Singapore and an-

outside fixtures having been effected North-

gone some little change; on 1st January, other at $1.75 to Hongay

wards. A few orders came in the market from

they stood at $39, and now the rate is $13 Star Ferries rose from $24 and $125 to $31

to

·· SHIPPERS' BOYCOTT

Company Provideals have been in good demand and up 10 Mrs. Noble and Miss Waters, who are on:

to bas been paid just now the usual dividend of 80 cents per share is expected. Watsons keep their way to Japan, ate at present guess at

speculative movement is notice.

Fant Houte. steady, but no

Sit tended Diri

ded Divine Service at St. John's Cathedral. able at the close, there are buyers at Si.Yesterday Lady Lugard and House Party at- Langkais, which, although is Shanghai com

quoted here, had a tremendous rise Hom T1s 365 to Tis. 560; the Company has the Governor and Lady Lugard are giving

To-morrow, the 29th inst. His Excellancy been doing wall and has further strengthened diquer In honour of their Excellencies the

Japanese Ambassador and Madama Kat concession in Acheso. its position by the finding of oil in their new

be following guests have, been invited, THE SILVER MARKET. Bir Francis and Las Piggots, and Miss Oxley, l'an dominating influence in the silver mur- the Hon. Mr. May, culo, and Mrs. May, the ket during 1908 has been the heavy speculation in Hon, Mr. and Mr. Pollock, Admiral of 197 between thebulis "and" bears," each group Mrs. Erekius, Commodore,. Mis, and Mini-

for the "balls" India has come to the rescEn ás having had its successiva score. Fortunately Lyon, Captain Erskine, B., Captain Marquin La Visconti, Captain Baron Mayern Hohen, the counteracting influence, while Chiun havalso berg, H.E. Major-General Broadwood, Ca. assisted as a large absorbing medians for silver Colonel Dailing, RE, Lt.Colonel Chamiar, both in bars and coins. The crops in India havo CM. and Mrs. Chamiar, Captain Heathcols, been normal and the Hyderabad foods did not ADC, the Rt. Rev. the Bishop of Victoria and produce any material effect on the silver market, Mrs. and ice and Mrs. Pate, Comm When the last mall left. Laedon, on 26th ult, and Mrs. Volpicelli, Mr. Wilder and Mr. and the weak tone in the position of silver was 4c. Mr. Scott. conated for by Messrs. Samuel Montagu & Co. as the inevitable result of a glut of silver sa all the great silver dealing centres, and the price was expected sooner or later to go to a point which would cause some 'of this surplus to be absorbed. In existing circumstances the main- tenance of the China exchange above silver,

The parity would appear to be a difficult problem. pstition in Bombay is slow to improve: 11,000 bars held on the 18th ult. were only re- duced by 500 bars on the 25th alt, in spite of the fact that the P. and O; steamer landed no more than ido bars in that period. Spot silver

CORRESPONDENCE.

[We do not necessarily addossa the opinions expressed

“by Correspondente in this column,3,

CRUELTY TO CHICKENS,

TO THE ENTOR OF TUR "Korokoro TeĽBORATE," DEAR SIR,—We wish to appeal through the

who have their chickens brought alive to their local press to all house-kespers in Hongkong,

The boycott instituted by the shippers against the regular liners not having steamers ended, a number of outside ware again chartered from Wahu to Satow during the month of November, and New chwang and Talienway took farther toonage to. Canton at rates ranging between 24 and 26 cents. At the close of the Nowcbwang iason, however, declined to 21 and 10 cents per picul lack of sinamers in raitable positions, Only | and $18 in May, but during the remainder of continued to beat a discount in Bombay; and chicken" in their compradora, book what safe

several orders were left untouched owing to one fixture took place from Saigon to Hong the year, mates got back again to $14 par old in London the forward market was the better of \ fering will almost certainly befall that wretched"

A SHORT-LIVED SPURT.

A DEAD CALM.

If ladies only realized when they write "'one; houses from the market or Dairy Fares.

bird before it arrives at their house, we feel sure that they would provide a proper basket Haw often one sees a coolte carrying the usual market basket with a chicken, is legs

head downwards, and son abudders to think what must often happen to the chickens in the

and excited coolie fight for places. the tram, when basket is piled upon busket, wild rush for seats in the Chinese portion of

We, therefore, appeal, in the interests of humanity, to all house-keepers to either have their chickens killed in the market or Dairy'.

The position of the keight market in the last. dividend can be available. The low exchange, four per cast Money, therefore, was becoming Farm, or else to provide a separate basket for

their transit, and to insist upon its being used.

Yours faithfully,

MAINSTAY OF THE MARKETS.

Newchwang and Talinowan to Canton; rates, Rice freights from Saigon to Hongkong con.

for tinued to be the mainstay of the markets during part cargos. Coal freights practically

remained stationary, the tendency being 8 kung, the rate obtained being 8 cents per picul, and Stypernew. Shell Transporteruled between the two. the first half of March. The inquiry, however,

this Company 47/3 43/6d and 48/s and close

In the Hongkong market Exchange ou Los- gradually subsided, owing to the fall in the price retrogressive one so far as the rates were con- and nothing was done to Japan and Java, has been doing well, paying shareholders 3don, on the 1st January, stood at 13. 108. of the commodity at Hongkong, and freights carsed, and Saigon to Philippine bus, create while only z boats were fixed to shopper sbillings dividend per share against i ibilling (parity at 1.9) with bar silver at a51d. It went to z6k cents again went showed further signs of weakness, freights the rates being based on about 17 calpe for the preceding years, and a further rise is up rapidly until 1.11 was reached on the gib. which had crawled up down; the rate at the end of the month dropped declining to the basis of 20 cents per picut for picul for full cargoes. A few fixturi caquite on the tapis. Union Waterboats flac. A drop of thres-eighths 'was registered in a tied, resting precariously on the lid, or hanging.

to pass for cattle from Aanam to Mábisa,”“ but”

single day (roth Jan.), and agaio a farthing' on to 131 cents with scant inquiry, as compared all cargoes,

Bangkok and Java required no outside tontuated beiween Sto and Stz, closing at $40. with 19 and 20 cents for the corresponding

page is a northerly direction. Quite énumber Refineries.-China Sugars, as foreshadowed the 11th, bringing the rate down to 1.10 period in the previous year. Philippine freights

The inquiry from Saigon to Hongkong which coal fixtures took place. However, keights in our last year's review, improved from Stoot.of was recorded on the 17th, at which figure kept steady at 15 to 18 cents for ene, 16 to

to 30

bad sprang up so suddenly, as suddenly sub

market was very brisk, the discount for private cents for two parts, according to the size of the

the sided, and for the whole of july only five char- obtained left much to be desired; thus fr was to $1371, but could not maintain the quotation, it stood up to the 38th. Although the silver cargoes, Cent rates no longer give a correct

ters took place in this direction. To the Philccepted from Hongay to Hongkong, $1,25 to and close with sellers at 5112); it is difficult to idea of this market, an stearners employed in

but it must be borns in mind that a debit bal per cent on the 1st to 3 per cent on the 31st The Bank of England rate declined from six to the Philippice trade as a rule do not secure full lipines, a limited trade was done at about 19 10 walow and $1.40 to Canton, and Moji to find out what the Company has been earning, paper in London steadily decreased from fire

anca of $180,000 has to be paid off, before 21 cents per pleul, and Java, which this year is Hongkong was done at $1.30 to $1.35. cargoes, 14,000 picula being a fair average of

reported to have taken some 100,000 tons of the cargoes shipped and 19,000 picul a fair Saigen rico, came in the market, 20 cents being

Home way in the disposal of the stocks, carried Average size of the steamers employed. For-paid for a handy vessel. Nothing was done fortnight of the year is tersely summarised by awever, must baye helped the Company in merly, the average-size of the cargocs used to

over from the previous year, as new imports of be some 20,000 piculs, and this is still a favour from Java to Hongkong and Japan outside of Messrs. Lamke & Rogge, shipbroken, in the the regular licers, which suffered practically following terms: There is no improvement

raw sugar cost much more. Luzons have been ite size at the beginning of the year when the

dabbled in now and then, the stock rising from cargo is wet, but the gradual withdrawal of such the whole of the year from lack of sufficient in freights, and as far as the South is concerned, cargo in both directions. Coal freights from the situation may be termed a dead calm, 'whlist

Sta to $22, and closing at $18 sellers; onless steamers from the Southern market has, as

Japan to Java which formerly were quite Northern business too is gradually becoming

the American Government sees its way to stated, had the tendency of increasing the car.

more and more dismal with rates further reced-admit Lason refined sugar free of duty into the goes and it is expected that in time to come the bumerous, are Dow, very seldom in the market,

Australian, Bongal, Pulo. Laut, etc. coal ing. Under these circumstances seems avarage will cease se as is in the velva evidently having ousted the Japanese coal in strange, that there should be ons trade in better than it dues at present. Saigon to Java this market, no doubt owing to favourable existence, for the accommodation of which was quiet and only one boat, which secured 24 cents, was fixed in this direction. The fist teight conditions. The bulk of this year's sufficient toumage cannot be readily found, and fixture of the season was effected from New: sugar crop was sold to the United States, which where charterers indeed have bad to agree

imported huge chwang to Canton,

of the crop ច Cuba. Tusse large shipments materially hoped to remove from the coast some of the large comers which had come out with bunkers for the American Fleet, and but for such sugat freights the homeward mar ket which was then in a miserable condition, would undoubtedly have broken down entirely took a cost carrier at the rate of $2 per Sebattik, on the North-east coast of Bororo,

be

cannot amount to much,

The opening rate of 30 to the fai quantities of fava sugar owing to an advance on previous rates of fully_R3. •rated blweeg 57and Sol, and close with sel- 4.10 9/16; Bar Silver 25 9 16d.; parity 1.9 £37 6.

ton.

As the steamer had to proceed from Hongkong in ballast, this sxture was naturally anything, but brilliant, Sebalik is as yet little known, but it may, however, in time to come, bs a place of some importance

cents for part cargo, with liberty to complete a Obeloo for owners benefit, could not, however, be maintained, and at the end of the month 25 Chafoo and and 6 cents were accepted. Yangtze River pors came in the market to Cajon, with the result that many of the regular thrown on the open market, again found em liners, which, owing to lack of cargo had been ployment in this direction. The opening of Tientsin halped to improve matters, and Bang kok also came into the market; several of the regular linen which, owing to lack of cargo, had bead employed in the Saigon, Hongkong and Singapore trade were again put on the

for steamers discharging at Iloilo and Cobu and China, judging from latest mail advices, it pros berth, as were a few outsiders, at 271 cebis | wanting retum cargoes in the direction of mises to turn out a good average 000, and slightly, as compared with the rate, ruling at inside the bar and 20 cents outside. A per- ceptible, improvement took place in coal Hongkong, Saigon, Singapore, etc.. and Sanda.unless abnormal raios play Havoc with the too sellers. The working of the concern is kan, where the Coal Company store Bebattik standing-crop a satisfactory spring business bunkers may also compete with Labuan as a may be looked to. The first shipments of the coaling station for such boats. From the latter grain will likely be made towards the end of island a steamer was fixed to Swatow at $2.15 January, Meli freights declined to 51.30 and $1.25 and other freights from Japan in comparison. Puto Laut to Kehsichang was dose at Saagi Hongay to Canton at St.45, and a few vessels found employment from Bangkok on berth terms, rates remaining on the former unsatisfactory level. Newchwang freights were few and far between, 20 cents being paid to Canton for part space, and takes altogether, the mouth was as unsatisfactory from an owner's point of view as its predecessor, further tonnage being laid up at Hongkong and other coast ports..

freights, and rates rose to $1.50 Maji/Hong keng. $1.36 Wakamatzu Canton, $4.35 Karat za/Caston, $3 Pulo Laut/Kobsichang and $ from Hongay to Canton, several orders being onplaceable owing to lack of suitable tonnage: The Java market was, however, very dull, with little inquiry, no more than 20 cents being obtainabla,

A DISCOURAGING EXCEPTION. Taken on the whole April, which under ordinary circumstances should have been one of the best months of the year, this year proved a discouraging exception to the rule. Cos! Iraigists were, however, well maintained, Meji to Swalow belog dose nt S2,15; Hongay to Canton at $1.80, and from Karatza to Canton

DULLIST MONTH IN THE YEAR.

at

it

H. MAY, LPOLLOOK. D. HASTINGS, P.S.-Kwong Tai Loy, 16, Queen's Road Central, opposila the Hongkong. Hotal, has a supply of light and suitabia baskets at 30 cente

Bach.

Hongkong, 31st December, 1998, in

LOCAL AND GENERAL.

A JAPANESE newspaper in, Booul has been sup pressed.

A FATAL CRIS of plague is reported last Thurs- day at No 12, Moon Street.

TRE Castom House Moji was totally des alroyed by fire on the 23rd ulto,

MR. Brunyate, C. S., who represents the Go vernment of fadin on the International Opinra " Commission, will visit Burma on his way 10 Shanghawakurthy

Exchange on Feb. I, 1.0f; parity 1.97; B. B. 251d. It went up by eighths till it touched 1.11 on the 14th, From the 15th to the ead of the month the tendency was again down wards,, until bar silver again resched 2540, with exchange at t.lo. The depression in trade locally did not influence the legado very easy, was not very tight. Discount for United States, the sale of the Company's output virket to any extent, as money, although not Mining Shares Charbonnages appreciated private paper alternated between 38 and 3 13/16 mand, but hardly any shares areos offer in Chian tour per cent throughout the month.

The opening day in March saw exchange at from $500 to $590, and remain in strong de percent. The Bank of England rate stood at and over, to cover urgent requirements. This and the Company is doing well. Raubs fine-

however, actually

Japan to ir port, with conl chatering things closers at Sy... The crashings this year show an- Ne material change took place Curing, the and is in the main due to an eatipfional improvement, and the next accounts ought to month, the month closing with bar silver again show a much more prosperous outlook, as the at 25 9/164; exchange L.10 7/16. The dis scarcity in Eastern waters of large-sind.j

diramp steamers. The rate from Moji, which during Company will be free from debtu, Chipate count for private paper further receded from the whole of the year fluctuated with ystyle Engineering shares ruled between Tis. 15 and 3X on the rat to 31% on the gist, Bank of On the rst of Apat exchange was quoted and a boat from Muraran even obtained $2.50 as tout and sales are larger than last year. limits, has of a sudden jumped to St.pper tor, Til. 171; the concern continues to improve, England sate from 4% to 3%.

Docks, Wharves and Godowns. Although 110-7/16; bar silver 25-9/16; parity 1.9-13/16; From Saigon for prompt loading only one fixture is on record, viz., to Singapore-st a temp the Hongkong and Whampoa Deck Company decreased by one-sixteenths until 1.9-9/16 THE expedition Againitaks aborigines in rovoli has been doing a steady business, enabling the registered on the 30th with bar silver pricin North Formosa continues to be successfulger sum figure, and very little fresh business is likely to come off until the new grain is fit for usual dividend of $4 for the half-year being ed at 24-11/16d. Private paper remained export. As to the coming harvest in Cochin paid in February and August last, the stock has, pretty steady-1.7/16 per cent on the 1st and THR Tanjong Pagar Dock Board have begga a few speculative movements excepted, fallen 3 per cent on the 30th April. Bank of Eng. salvage work on, tha sunken, oil steamer

Jand rate remained stationary at three per cent Kalomo. the beginning of the year, and the rate closes throughout the mouth.

May opened with exchange at 1.9-1/3 ; bar all that can be desired, but the fear of opposi silver 24-5/16 parity 1,8-3/4. The course tios from Butterfield and Spire's dock bad and tended downward steadily till 8-15/16 was still has a dheartening influence on the mar recorded on the 14th, after which date the rates ket. Fenwicks, as well as New Amay Docks, re- rose again to 1.9-3/8 on the 318. Although CONVICTED of having stolen two cooking panna. RE PROSPECTS. FUTURE"

rates decreased during the first half of the from 237, Wing Log Street, last Monday, a straat. For the future prospects we turn again to quire no specialmention. Shanghai Docks have Me B. Augaard, the principal of the Norwe that been favoured and dog from a private pse beina dobanda ledo, conile was gives a fortnight's imprisonment in that only the usual interim dividend of Tis. 11 private paper discounted on the 1st at gian firm to whom we are indebted for the information we are poabled to plaze before per share bas been snacpaced, are not likely to, and on the 31st at # 11/16/, Bank of the Police Court, on Today, the cross Vete

recover, unless they are enabled to sell part of England rate from a went down to 21 %.

ERNEST PLEZ and Thomas Swanson, sarmen, our readers. That gentleman states

For June we have the following quotation on had to pay Stoeach last Wednesday för obstructe their fallow-lying property. Hongkong and ***I: it, of course, impossible to predict with. Kowloon Wharvas have suffered under the the 1st 1-Ex. 1.91, bar silver 24 9/168, parity ing P.C. O'Connor in the execution of his duty any certainty what forth Eastern freights will

on board the s.s. Annie Smile on the "ngth wito. falling-aff of trade, the godowns being balf 1.8 13/16. Ascending by sixteenths and then. take during the coming year, but no extra empty now, and the Company being obliged to by eighths exchange went up until it reached

amater of the 1 2. dunia ord.nary events close rise in the market dismiss part of their staff, to effect economisa L.10-5/16 on the 24th, after which date drops of CAPE. F. COLSTRAP, mester we rather anticipate that freights, while slowly We hear, however, that the November and Dec one-eighth and by farthings brought down the Smile, charged Charias Kelson Chial Officer teading upwards, will drag along much in the embar workings have been more satisfactory, quotation to Lof on the oth. Bar Silver 24d of his ship, with beharing in a disorderly man- same unsatisfactory way as during the last two

Rates bave fluctuated; against the quotation Private paper decreased by 1/16ths from 18 toner while drunk last Tussday," Result:—Fina 52.70 was paid, this latter being the highest August lived up to its bad reputation as being years, with occasional sports in between when of S55 at the beginning of the year, the if on the 32th. Usiform Bank of England of 35

rate ruled throughout at 24 per cent. rate paid for coal from Japan, daring

"At the moment quite a numbw'ef orders present quotation is only 545 No Interim one of the dullest month in the year, and good rates will be obtained the whole of the year. From Pule Laut to

FOR keeping a gambling house at No. 1, Fok dividend has been paid, and it is rumoured that owsers bad a hard fight to secure employment, bave come into the market for 6 to 10 copseca- Kobsichang a boat was fixed at $3. Owing to the posatisfactory despatch given, and the

added to the fleet of sive tripa commencing January and February so dividend at all will be available for the year.

Hing Lane, Chinacian was ford is at the more steamere being

Shangbai and Hongkew Wharves, at was to

Police Court last Wednesday, Asimilat fine Saigon freights rapidly de from Saigon to Hagkong, option Singapore, he expected after the andas inflation in Shang

was imposed on ten others who took part in the heavy expenses for discharge, coupled with the laid-up vessels.

clined and by the and of the month 9 cente usual difficulty

at 17 cents per picul, option Cantor 19 cents. of getting return cargoas, these

was accepied by the linert, Philippine freights option Philippines 25 cents, and, as ibi Saigoghai, occasioned by speculative purchases, hava | rgfió%" on the 18) and '1 7/16% on the gist gambling.

dropped considerably, and from Tisas, roling Kohsichang freights are generally neglected.

also declined, but there were more orders crap promises.exceedingly well, we snderstand at the beginning of the year, have fallen to Tix.

MxSSRS Graça & Co., the enterprising firm of However,

nes like those which we dull times bare pasted through, and are passing through, in this direction that could have been expect that merchants intend chartering sejal.boats, after they had risen to Tie: 549 in July. ra's in August's bar "silver. 24-3/160. parity stamp dealers, send us a pretty fait relief owners have practicaly on choice in the matter, ed, and it was only due to the abundance on time-charter for this trade. We decot, how Lands Hotels and Buildings Hongkong 1.81. It decreased slowly to gf on the gist. calendar for 100g. From MAWAR

of tonnage offering that fraights could not be ever, expect any spurt to set in call, China. Lance, from cases enumerated in our last ro Frivate paper, after remaining steady for a fort. Loxley & Co. we have s received a wall ca

calendar ard; they can obtain. The regular liners were improved upon, 19 and 20 cents for full cargoes New Year, which falls on the 22nd.cl January view, have kept very quiet, although it is said night -51710 por cent, reached caps the of the ever top the market. To Java some fixtures until then, rates will undoubtedly kept fully employed in the Yangtsen to Canton-

both up North and down South, which latter that the Government it mora lenient with sual- 31st. Bank of England rate al per cent. The of the Netherlands Fire lusurance Corpora and Swalow trades at fair rates. More business took place at 20 and as "cents of steamers

Agriculture, Works nod Commerce has granted, the beginning of the year is now $32 sellers. was conducted on a large scale in the course was done from Newchwang. Dalay and Chefoo 2,000 tons cargo capacity, this being the usual market will probably be congested with toutary matures. The rate, which ruled 595 in export of merchandise from South China A PEKING dispatch states that the Ministry of

size of those cargoes, To Kobe zi Cents 'way' at rates ranging between 25 and for Cabs full accepted in order to bring vessel up North,

aage coming down from Nowchwarz Talienawidon Lands have changed according to of this month, especial of raw silk after t0.1wo marchaets, named Wang and Luthe wan, Dalay, Chefob.and the Yangtil River speculative movements, and up to $35 has bountiful crop. This valuable article, figured monopoly of manufacturing and refining sogar picpl, and several of the argoes from. Dalny to Swatow as the road this being the lowest freight paid in this dire

THE STOOK EXOHANGE been paidat present there are selfers at $33, largely in the export statistics, with the result in the three provinces of Manchuria for ten rate of 30 cents par picul. Bangkok took some tion daring the whole year Coal freights were decidedly worse, rates dropping some 20 to 30

The year 1908 hui been a very bid one for West Points have not changed much, and are that shipments of bar silver which were be yeary, a teher Paying vessels on the berth at 37 laside and so ces cents per ton, and nothing was done from

share business, for which the causet, mention. $45, sellars. Hongkong Hotels have drop-ginning to come into the country in July were A CHINESE employé of the Rope Works, wher gulside, and a boat was fixed for two consecu five trips at 30 cents inside and 33 cents out Newchwing, the Yarigtste, Java or Baugkok pd at the close of 100%, have been mainly ped from S104 to 580 closing, however, considerably augmented. Importations were searched last Monday, was found to bavi na for outsiders. Forward chiriering took place responsible. Although the rate of dicount in with buyers at 354. The fact of the old regularly made from San Francisco by three parcel slaves tecls of hamp, the company's side the bar, charterers having the liberty of taking downward cargo for their benefit. This from Saigon to Java at rates ranging between London came dora to its normal point, again, building having to be pulled down: result leading Banks, one British and two foreign property, six taals of rope, and fent initis He was found guilty in the Police Court, on Tues and a cents for September, October and and the rate of exchange dropped considerably, ing in smaller earnings until the new, fins they aggregated no less than from 350,000 to

weeks', hand labour 20 Amproved rate was, however, only obtainable November shipments, and steamer found very ljute money has been brought out from mansion is erected falls against the stock, 400,000 or every fortnight. These imports day, and given

were continued right up to the end of Septem through owners giving exceptionally long iny-days. By the end of the month the Bangkok employment from Saigon to Singapore at home. Our local Bank, however, has been besides the fact that the new debentures are on

concero baye appreciated considerably, Marias expect good things of the future. Mumphreys September was the steadiest month of the

diminishleg In the course of October, market agaia, collapsed. Some business was reduced rates. Some mers cattle business came doing good business and sharks in that a larger scale than before. However, people ber, the huge quantity of the white dons from Annam with cattle to Maglia at fair to pass; otherwise everything was as quiet as

Insurance stocks have suffered from bad trade Katales have suffered from the general depres- cates, but Java to Hongkong freights which it could possibly ba

and it was only during the latter part of the sins, and are quoted Spff the fact, however, were quoted nominally at 18 cents in the first

year that the heavy drop in some of its stocks that nearly all the Company's money is invest half of the month ware neglected, and daring The general dulness experienced in August has somewhat recovered. Fire Insurance od in Kowloon augur all for the future, as the whole of the month, no outside tonnage continued during September, and rates dropped shares ruled quist most part of the year, only Kowloon bas undoubtedly an advantage over was taken in this direction. A limited inquiry still further, Saigon to Hongkong actually being Chipas. Improving towards the latter part of Hongkong property as cons the Kowloon Vaht in from Salgon to Javs, and fixtures were done at the ridiculous rate of 3 cents per pical, the year. Shipping shares, as couldbe expect. Canton Railway is completed, lidonbat 23, and, later on, at 22 and 2t cants, and, even at this rate full cargoes could not heed, have suffered as well and most of the Coltos Mills--In Shanghai Mills, an upward

Freights from Saigon to Hongkong dwindled dows from 15 to 12 cents, and only one fixture obtained. A few fixtures took place to the Philip stocks closet weak Docks & ruled dull and movement has, et in, but as these shares are pizes on the basis of 19 cents and no outsiders Wharves had a severs further alomp Review purely Shanghaj stocks, they might as well be took place to the Philippines, where stocks were raqulted from Bangkok whilst Nawchwanging the stocks as they appear on the flet, we find ler without special notice. Hongkong Cottons had now accumulated, an that a temporary stop took only age boat during its month. Underthese Hongkong and Shaoghal Backs, which opened have suffered from the disorganisation of trade -was-pist to farther shipmants.

circumstances, au cepatis from the Martherm at 522 the bagislay of the year, miltaising and rule quiet "BEAN' MARKET, COLLAPSE,

brighter A small number of steamers found employ being expect arghar- good Yangiare crop its price for the first month, heathey stood Sunday, Manufacturing Companies Chips 17-18/10, 11 dested at first broths for No, Kolo YAU

to the at $700110

then a decided upward movament Light and Poware bad much trouble to contend toren weeks and iken by tas, notil 12 1/10 Z ment in the Saigon to Philippine trade in the North continued, boats taking practically any commenced, and at the end of fustihey stood with in Cantos, and it is rather difficult to form was touched on the 30th Private paper alters Police Court with robbing early part of May, Fraights were, however, thing to get away from the South. Coal freights at 375orising to: $70 just before aba kaif-yourly as exact idea of tasir values the present quota mated between 2 and 31 per cent. Back of on various dales, wanker, in spippathy with the Saigon to Hong remained die, Mojl to Hongkong being done dividend time the further apsard course tion St., Hongkong Electrial ruled firm to England mate 81 per care

(course of exy 17th, a $10 bela/on kong market, where the inquiry was very limito at $1.35, or about to cents more than what was followed, ball: $850s was stretched, the standy throughout the year, as the Company 11. A rapid recovSTY MUES wl and mist did not in any lostance oxceed salamars accepted in the London market.. Frons stock clealed with imail sellers at 30fp,208, doing wall jordbent, quointion 115,bayars, changes to in closing month of the year, Dec. not on the grad,

SECalvad, ma!/16r parity: "1.7. found guilty and ab peats, most of the fixtures to Hongkong being Bongs to Paanog $2.75 was accepted which ofiaries (assurance Baates, Unlin nocopiad Dairy Farm had a good, we ding

Alteresting: 91 30 and IT cente, Only one charter was con: I would have been comparsively good basinges, the principal attention. Rates rose to $850. In the marred (vegye fand to an

per

STAMPEDE TO THE NORTH.

July began with bar silver 2444.; Ex. 1,913/16: parity 1.9. After remaining steady for a few days exchange went down by 1/riths to 1.91d. on the 31st Private paper was discounted at Bank of England rate stood as

1.9.7) 6' was the opening of the exchange

petal

In compliance with the proposal of the far consultation with the Faking Gor

Government Groom!”

of Kwanten year. Ex: 19k bu silver 2ild.; party 21. Viceroy Had Shin-chang, of Chianchuria closing Ex: rate 3.9 3/16. P. P. 11 per cent suthorized the export of what millse

through South Manchuria and 5/16. Bank of England rate 21 per cent other cereals thương

Tightness of money was experienced. in

that operated as a dia. - Ax Amoy dispatch that the

Vicki) of that Fort Loudon in October turbing factor. Exchange opened with 1.9 tive Assembly (Tap 3/16; bar silver 1571.; parity 1.81. Exchange opened on the aged ultime, and that wo decreased slowly until 1.3) was registered on minent members of the rent the 31st. Private paper rose again from Masers. Lin Shu-isang kad Lie 1-5/16% to 12% Back of England rate 31% elected chairma, and vice-cha

For Novambar we have the following quota- tively, of that tion Ex 18-15/16; bir silver 23); parity

and £,đệ up to the band labour m