1909-10-23 — Page 16

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CANTON DAY BY DAY.

MACAO'S DELIMITATION.

[From Our Own Correspondani.)

Canton, 15th October,

It is learnt (bat, during the last few days, Meveral confidentialtelegraphic despatches have besa exchanged between the Canton Viceroy, H.E. Yuan, and the Peking Authoritlos in the matter of the Macso delimitation question. The Viceroy, in the despatches, reported the state of agitation among the people and he bas fa return received instructions from the Grand Council to take precautionary steps to prevent the occurrence of any disturbance,

Telegraphic circular, despatches, sigued by Yang Pang Tsung and Loung Fang Ming and others of the Keung Shan district have boon forwarded to Peking to the Prince Regent, the Ministers of the Grand Oounell, the members of the Waiwngu sad the Mlolatry of Internal Affairs, &c., impressing upon them the importance of the solution of the Macao Delimitation question and arging them to Jastruct the Canton Viceroy Yuan and the Delimitation Commissioner, H.E. Ko Yu Him, to strenuously protest against the Portuguese claims in order to appease the minds of the people,

CANTON-HANKOW RAILWAY,

On receipt of a telegram. from the Ministry of Posts and Communications at Paking to the effect that Sir Gun Tung. Ling Cheng, pre sident of the Caslonzzzünkow Railway Com--| pany at Canton; has been appointed to accom pany the Naval Commissioner Prince 'Shep Put on a visit to foreign countries for the purpose of studying paval matters, the Canton- Bankow Railway Company has convened a mass meeting of shareholders to take place on the 1st day of the toth mean (13th November next) for the purpose of electing a president to All the position vacated by Sir Choo Tung and alan for the app pe buns who has on several also appointment of a vice-presideot 10 Occasions tendered his resignation from the service of the Company.

DELIBERATIVE COUNCIL.

On the 14th instant the Canton Provincial -Deliberative Council was formally opened, and on that day from among those members Bominated to be committeeman representing the different districts of the whole province, Mr. Yick Hok Tsing was elected to be chate man of the cammiles of the Council. That gentleman secured fifty-three votes, being the bigbest number recorded.

THE HONGKONG TELEGRAPH SATURDAY OCTOBER 23 1900

“IN CHINA.

and suito left Shangbai on the 16th Instant TRE ANTI-BRITISH BOYCO778 and are due to arrive at Hongkong on the oth The gentry have now sent a delegation of four members, Mr. Loung Siu Stan, Mr. Wong Sun Ting, Mr. Tang Yak Sang and Mr. Ho Tiz Fuog, to proceed to Hongkong to await the Frisco's arrival there,

19th October.

4.

THE NAVAL COMMISSIONERS, During their visit to Cautou last month, the two Naval Commissioners, Prince Stran Pulap and Admiral Sab Chen Ping, held an examis: tion of the students of the Whampoa Naval College. Three of the students were selected and appointed by the Commissioners to ac company them on a tour to foreign countries to study naval masters. After the return of the Commissionere to China, the' students will re- mali in England, where they will complete their course of naval studios.

ADMIRAL LI CHUN,

A rumour is currant in official circles here that the present Admiral of the Kwangtung Navy, Admiral Li Chun, will probably be ap- pointed Governor of the province of Shantoor.

NEW CONSUL-GENERAL

On the 16th inst., H.E. Viceroy Yean re ceived the new British Consul-General, Mr. J. W. Jamieson, at Canton.

"FANTAN" TO BE SUPPRESSED..... Suggestions bara been made on several oc casinos to suppress the game of Fanian in the province of Kwangtung, but so far no dehaite steps have; been taken to carry them out, H. E. Yuan Sad Hsun has now deter mised to pat a stop to the practica,once and for all and has proposed to take action from the rst day of the roth moon, when nil small gambling houses will be stopped and the sum bar of the large ones limited to fifty, which will la time be entirely closed as soon as suffi cient money can be raised to make good the loss of revenue,;

GOVERNMENT RETRENCHMENT. - With a view to reducing Government ex- penditure, H.E. Viceroy Yuan has given orders to reduce the staff in several official departments and also to reduce the salaries of several officials. His Excellency has proposed 10 abolish the present Provincial College of Modern Languages, the students of which will be admitted to the Caston High Provincial College to complete their studies.

zoth October,

·

SETTLEMENT. IN HONAN.

JOHN JACKSON.”

"DESTRUCTION OF THE "STR--Voiluunion-to-Ching bara fichshud, et any rate for this wear | daruddyai) ktocks warn bought up for U.S. at high prices and ate now body' shipped thereto. This has been one of the im mediate effects of the Payne hill,.,but how things will work out for next year it is yer difficult to say. The probability is, however, that all Philippine sagar will go, to the U.S. in future, unless, of course, China pays very high prices. The consequence, has been that

£5,753,494, yet that the quantity exported for both periods was practically equal-that it, 22,000 tone in round figures. It is clear, there fore, that all the indicatione point to the prices:

EY BODIES DIÉCOVERED ON BOARD: of rubber being maintained in fature at a much higher average rate than in the past, Poking, 27th September.

Meantime all the production estimates of

Sep. 34 and 35 were rad-letter days to the Reports from Honan stale that the boycott the plantation companies are being excreded,

residents of Batticalon for on these days three which for some time prevented the Pakin bat, nevertheless, the carent prices obtained ships of the East India squadron were anchor. Syndicate from selling their own coal retail for the article are beyond the wildest dreamsed off the Bar and operations were carried within the province has been entirely suppress of the Eastern pioneer promoters. There are on which were of the greatest Interest to all. | Chiun now has to rely upon java sugar, which ed, and that the arrangement made by Sir however, many in the business who would like The ships which visited were the Hyacinth is proved by the good deal of outside tonnage John Jordan and the Wai-wu-pu, whereby the to see the price down to 45, or 5s, but they ad- (the Flagship), the Proserpins and the taken up, and, as already said, java will likely syndicate would sell in quantities of not less mit they are not, sanguine of this consomma-Fon. They were under the command of be the country that will supply all Oblos in than ico tons, has been effective and bay work, tion. The simulation to increased production Rear-Admiral Slade. The first business to future.

Newchwang/C

/Canton.-Owners have not yet ed to the satisfaction of the Chipere and of the would then be a much larger consumption be attended to was the abating of the nais. syndicate.

soca of the ss, Bir John Jackson. It was owing to the new used to which the commo- 'BITUATION AT, KIUKIÀNG-

dity could be put. It must be remembered possible to destroy her by using the biz guns of the men-of-war but the cost of as doing There is no reason to doubt that the boycott that very large proportion of the inferior of British shipping at Kiukiang will also be grades is sold at 41,, or 5. both from the would have been enormous, mating to stopped. There is much difficulty in dealing plantations and from wild sources, and even if about R30,000-so it was decided to blow with the question, and Sir J. Jordan has been the price of the best brands were to recode to bolen in her bottom; accordingly divers went untiring to his efforts to induces the Chinese 25, 6d. por lb. there would still be good profits down on the Friday who laid the charges of Government to suppress the movement. Ths for the planters, though in all probability a stil! gen cetton which were exploded by means of Acable laid between the Proserpine and the Chinese declare that the, barcott will can. smaller supply of wild rubber. Meantime con

Sir John Jackson, e tioue so long as the British Inspector of Police sumption increases on the present basis of sop remains at Kinkiang.. In deferenca to prez.pl, and there is no doubt that whether es sure from the Wai-wa-pa, the Governor of the timates are based on optimistic lines or not the province has issued a proclamation forbidding outlook for plantation rubber is exceedingly the boycott, and the British Consul regards the promising. proclaination as 'most satisfactory. While the losses of British shipping companies are con siderable, it is interesting to remember that the Chind Merchants Company pool with them io that the Chinese are wastonly punishing themselves as well as foreign companies,

1.14

Shanghai, Sept. 23.

"

RUBBER SHARE VALUESI

OVER 850 LOS OF GUKCOTTON WERE USED AND 8 HOLES WERE BLOWN IN HER, 4 on the port and 4 on the starboard side. The smell was frightful for those engaged in the operations and was almost overpowering to the divers. It was described by ons of the capinies who went near but not on the Sir John Jackson as by far the worst thing he had ever smelt. The result has been that the sea water" has entered into the vessel and It is hoped that the entire cargo will be washed Writing to the Financier under date Septem-out and thus Batticaloa will be freed from the bei 6, a correspondent says

inconvenience and peril of the poisonous ex- halations from the wreck. It is further expected that a strong North-East monsoon will break the wreck in pieces. It was stated by those who want on board that

VIEWS OF INVESTOR REGARDING THE MARKET.

In response to Consular representations, the Shanghai, Thotai has issued à' proclamation, to the Chinese merchants hero exborting them not The average Englishman is no financier; be gets his daily paper and reads, Continued to yield to the pressure of the promoters of the boycott of British steamers at Kiukiang and activity in rubber shares. It is enough; be in carried away. He promptly goes and buys not to exercise unfair discrimination against British vessels trading with that place. Fresh rubber shares at top prices, and has no one but instructions of the strictest nature have been himself to blame when a few days later he finds telegraphed from Peking to the high officials on a reacuon his shares have bad a consider along the Yang tske informing them that the able drop. Thelo puntera-fur such they are boycott must stop, but the success of this inter-iben probably go and sell their Intely acquired vention is regarded here as problematical, holdings to let the shrewd investor unce more saless the British Government take up a strong in on the ground floor. attitude.

The Rogeral impression in Shanghai and Kinklang is that, while, in view of the fact that the inquiry into the alleged manoslaughter of a Chinaman by Inspéctor Meats at Kiukiang was held in secret, there might be a case for a re- hearing, the boycott is intolerable because in- nocent parties, who have not the slightest connection with the quarrel in question, are suffering

MACAO DELIMITATION QUESTION, The people of the Bleungshan district have forwarded a joint telegram to Peking to the ad-

It is estimated that one steam- dress of the Grand Councillor, H.E. Tai Hung

ship line alone is losing upwards of $1,000 ANTI-GHUM CAMPAIGN,

Tzo, H.E. Liang Tan Yen, president of the Waiwupu, H.E. Tong Shaoi and other high a day. The stoppage of the boycott and Yesterday a large quantity of opium piger and other oplum smoking articles fully two big Cantonese officials in Peking earnestly request full compensation for all tosses are declared basketfni, which were seized during the lasting them not to fail in offering strong, opposi bera to be essential preliminaries to any ques the boycott mapla tion against the. Fortuguese in the matter of the tion of negotiations, two months, was taken out and burnt in the presence of the Nambol Magistrate in his Macao Delimitation question. In the message threatens to spread, and it is held to be absolute.

very strong expressions were employed to nigely necessary to make a striking example, these officials to a recognition of the repre- sentations.

yamen.

On the 131b instant the police raided as opium den in Siy Sup Kai street where they arrested six men smoking opium without the necessary wooden board licences, and also took way from them several sets of opium smoking appliances.

A NEW ROAD.

Contractors will soon be invited to tender for the work of building a broad road from Shong Moon Tal Street, inside the city, direct to the

aist October.

Day before yesterday a number of the leading members of the gentry of the Henagihad dis trict, about a hundred in all, proceeded in a body to Canton and called on the Viceroy, E. Yuan Shn Haan. They were received in the Viceroy's yainen where, is the course of con- versating, they earnestly begged the Viceroy

|

been able to force rates up, same stand at 26 cents as last reported. Charterers are, however, offering larger quantities at same rate, but several orders have not been placed on account of scarcity of tonnage, and owners having boats available for such business are holding back in the hope to do better by waiting.

Newchwang Amoy has also had two fixtures as per overleaf.

Time-charters.—The, ss. Queria has, again: besu inked up få farther ra moothe in contina- ation of present a haster for Java tride at á slightly higher.rate as last paid. There are also two vossola takes up, the 1.8. Solstad re-charter. a months at $5,250 and the ss. Nord 1ật mouthi at $4,200, both for cattle trade. Several fixtures? on time-charter are also reported doos upė North: S.S. Ulv and Provideses 13 months at $4,250 per month, whereas s,s. Breid has beso taken up by last charteres for further 12 mo at $3,500 Singapore currency, trading South.

Coal Freights-Tobre are only a few Axtures. on record during the last,fortnight, mainly at- · tributed to the present overstocked market. The following rates have been paid: Moje to Hongkong 51.75, Moruran to Hongkong $2.80, and Hoogay to Cantou $1,50 per ton,

17 BODIES WERE FOUND THERE,

Sail Tonnage Loading or to Load:--For from which it is evident that at least a score of Baltimore and New York:-British bark deaths bave occurred during the past twelve Eclipse, 1,968 tons, arrived guth July.. Britsk Imonths in connection with this wreck; for ship King George, 2,057 tons reg. arrived est there have been deaths from drowning as August. Batiss, ship. Juleopolis, 2,652 tour well as from asphyxiation in this sad affair.reg., arrived 11th September. On Saturday the fleet hold its regaḥta off Sail Tonagge Disengaged:—British `abip Batticaloa. It had been hoped that the re- | Lystdhurst, 2,311 tons, arrived 25th September,

Departure of Bailers-Nona.

And it is well for some of us that these things happen. The price of raw rubbers may rise

might have witnessed it, bat,the difficulty of and fall but the dividends of well managed rub would be bald en the lake so that all ber companies will steadily rise for many years transporting the men across the bar appeared to come, and the value of the shares will keep insuperable and hence the regnita was held on pace with the rising dividends. This is as the sea. There were all kinds of races for certain as anything can commercially be.

rowing boats; races for & pared boats, for to pared boats, for 12 oared boats; races for offi- cers, for Seamen and for Seedies; the whole was magnificost to sea nad was enjoyed by the crowd on the shore as well as by those who witoosted it from the Flagship Perhaps the greatest treat of all was

- LIKGGIS.

But, are rubber shares highly priced as they now stand? and are the prospects of the fature. fairly discounted at the present level of share values? Well, take:be Linggi Co. On May 18, the shares stood at. 21s: 61. xd, and they ale to be bought to day. (nearly three months fater at 225. 6d. The divided for 1938 was 60 per cent, on ao sverage sailing price of rubber, 4. ald..and the result was obtained from little more than 70,000 trees. They have, excluding the Kamualng property, some; 200,000 trens 3 to 6 years old, i..., just about, coming tats bearing, and an other 177,000 trees 21 to 3 years old, with a further 209,700 trees 2 years and under. Add to this that they retain a half-interest in Kamanings, for the development of which they have not got to pay sot paany. Un the con. itary, they received some 15,000 from the

Peking, Sept. 23. With reference to the boycott of British steamers on the Yang-tsze-kinng arising out of the alleged manslaughter of a Chinamant by Inspector Mears at Kiukiang, the Orown Advocate, who arrived here recently from Shanghai, bolds that it is impossible to re-open the caso, of Jaspector Mears in the Supreme Court, and the British Legation here. consequently considers that it is coll. The Chiuse, on their side, maintain that development of their 4,000 odd reserve acreage. they have done their utmost to do so and request they have harvested a crop in seven months the removal of Inspector Meare, whom, they equal to their whole crop for the year 1508, and declare, the people dislike, The British au ats selling the crop shillings, above last year's thorities are unable to comply with this sugges-prices. I think thes, as far as this samaany's tion. The opinion, however, is expressed in skares are concerned, they are standing at tens high Chineis quarters that it will be difficul: 15 of shillings below their intrinsic merit. settle the mater satisfactorily so long as

•pector Mears remains at Kiukiang.Timas,

THE BAND, THE FIRST EVER HEARD AT

BATTICALOA:.

WEEKLY SHARE report.

Reviewing the share business for the work, Messrs. E. S. Kadonzia & Co. write yesterday. afternoon

The improvement in our market contizver, The volume of business ban increased and in several instances stocks have hardened: There has not been much done in Rubbar Stacka dur. log the week. · ̈

Baoks-Hougkong and Shanghai Banka biving ruled fairly steady at $995, several sales have taken place at the rate. · The London "our sole regret is that so many heard it only quotation is unchanged. Nationals continue firm from a distance.—Lamp,

COMMERCIA ̈E,

PARN-MARKET,

Hoogkong, gib Dʻtober, 1909. The fluctuations in cotton on the other side have been, greatly reflected in our local market and during the past fortuight a considerable

new band. Many buildings on the side of this not to yield to the pressure of the Portuguese pow for the Chinese to suppress the boy- Kamusings, which they can use for the further basicess has ngain been done both in goods on

proposed road have to be pulled down and demolished to make room for it. The Tantai

for the Development of Native Industries bas deputed a weiyusu to negotiate for, purchase of the grounds and shops required. This pro- ject will take at least one year to complete. As this proposed road lies in the most congested quarter of the city, work can only be carried on at alght, When this road is complete, harse carriages and rickshas will run for traffic, so that great convenience will be afforded to the citizens,

· 16th October.

PRISONER'S DASH FOR FREEDOM. No the 14th islant a mutiny broke out in the prison of the Kwei Shin district and as a result of the outbreak thirty prisoners effected their escape when the Magistrate was absent on official-business-

FIRE.

claims in the Macao delimitation question and sought to impress upon him the necessity of not failing to devise means whereby to secure, the restoration to Chips of the territories that are alleged to have been encroached upon by the Portuguese. The deputation had a conversa. tion with the Viceroy which lasted considerably over an hour. They then withdrew.

THE AUVENT OF WINTER, The Viceroy has issued a notification 10 inform the public that winter hats should be worm from the gth day of this moon.

FUTURE OF KÜBBBR.

PROSPECTUS ESTIMATES OF PROFITS.

In-

DERTAM.CO.

the spot and to arrive at an apprecation of $1 to St in value. Holders have now practically withdrawn stocks from market by asking further advance on prevent quoiвtions for all desirable spinnings remaining a stock. Buyers responding rather freely to the enhanced cost and we expect to see sellers, obtain their prices. The demand has run chiefly on No

Bales of the interval aggregate 9518 bafes,

arrivals amount to. 11,04 bales, unsold stock estimated at 18,00 and, sold but uncleared Local Manufacture:-Sales of 450 balsi No. Los. at St16 and $117 ase reported.

building was completely gutted; four men the returns for the second and third.qunster it was customary to estimate profits on the bas only just boen storied. Borams bave yara in second hands at 12,000 bales.

4

Yesterday there was an outbreak of fire in the Southern suburb at the new band; one

were injured.

NEW JUDGE, Yesterday afternoon the newly appointed Canton Provincial Judge Chiu Pun Yin, took over the seal of office from Chan Mong Tsang, who has been ordered to resume charge of office as Taotsi for the Development of Native In- dustries,

'RAILWAY ACCIDENT.

THE COOLIE TRAFFIC.

TRADE BETWEEN SWATOW AND SING SPORE.

In his report on the trade of Swatow in 1908, Onnual Hausser, writing of emigration and shipping, says the number of emigrants leaving the port was 117,851. During the first quarter of the year the Ggures were about normal, but showed a marked decrease as compared with the figures for the corresponding quarters of 1967, same 30,nno fewer emigrants boving lett the port during the six months April to Septem ber. This may be accounted for partly by the excellent rich harvests throughout the district, and partly by the increase in pass-ge rates consequent on the withdrawal of the Japanese company from the competition with the North German Lloyd sleamers on the Bangkok line, Though these figures show siderable

8 con.

ACT a.m. on the 14th instant a train pro ceeding to Sai Chuen from Wongsha knacked

Inlling-off, they yet down a man of about seventy years of age.

represent an average year. Of course 1907 The poor man sustained severe injuries to his hands and legs, but not of a very serious exceptional, owing to the keen character. He is now ander medical treat-petition on the Swatne Bangkok line, which lended to depress emigration on the other lines ment by the Caston Red Cross Society,

to some extent,

GOVERNMENT BANK, Yesterday H.E. Viceroy Yuan Shy Ho proceeded to the Canton Government Bank, lo personally audit the accounts.

PRINCE SHUN PUI·LAP.

As the Naval Commissigner, Prince Shun Pai-lap, will, in the course of a few days, arrive at Hongkong'en route to study the naval systems in forafga countries, the Viceroy of Canton, H.E, Yuno Shu Hsun, bas deputed. expectant prefect Shai Foog and expectant magistrate Ngai To Pai to proceed to Hong- kong to await the Prince's arrival there and to convey to him His Excellency's respects. The Canton Tartar General has also deputed an official to Hongkong for the same purpose.

18th October. CENSUS OF CANTON CITY,

:

The local officials are desirous of taking a correct consus of the population of Canton; the Total of Constabulary has been instructed to make arrangements accordingly.

CHINESE NEW YEAR.

B.R. Viceroy Yuur has received a despatch from Peking with instructions that the official soals of all official yamens should be closed for the transaction af public business on the 20th day of the 12th moon till the 19th day of the rat moon next for the Chinese new year holidays. ~PRISONERS-RECAPTURED.~~ in With reference is the matinous outbrask ja the prison of the Kwai Skin district, when thirty prisoners effected their escape during the absence of the magistrate, d report has nOW reached Cantor stating that twelve of these prisoners have beau recaptured by the local soldiers.

OPIUM RAID.

On information received the Nambol Magis trate sent a number of runners to the Ngan Kang market-place and sealed up four opium dens

COMMISSIONE ko.

The Chatra Dellmitation Commissioner, H.R. Ko Yo Him, felt here on Saturday, the

6th instant, for Hongkong.

PRINCE BHUN. PULLAP.

· COMPETITION,

•

Was

com-

Japanese Yarn --Neglected throughout, Raw Cotton-The market is bare of stock, of both fodis and China stapic, and in the absence of business quotations are more or less nominal. Tadias $3 to $18 and China $j; to 334.

WE $55.

Marine Insurancés.—Cantons are weak and <ffering at $172. To the North, Yangtszos are. quoted at $132 and North Chinas at Tiz, 110. Ugions have changed hands at 5847), closing with further bayars.

Fire Insurances.—China. Fires have been

dealt in at ST14. There are sellers of Hong- kong Fires at the advanced rate of $350.

Shipping-Dougisses are weak and on offer at $33. Hongkong, Canton and Macao Steam - beats are easier with sellers at 5:1. Indo. Chinos have once more come into demand and there are.buyaca ai sốo with no sellers. In Shanghai, the price has improved to Tis. di

·Small- Teamspunde KAMA MAKİNE PHI, at which rate buyers prevail. Star Ferries, old sed new, are on offer at quntations,

Refineries-China Sogara have attracted con- siderable attention, and after numerous sales at $ 46 the market closes strang at $146), Lurons.. are, quiet and without business to report, Perak Sugars continue to rise and at the closa are wanted at Tik..335.

Mining. A further rise in Chinese Engineer-- ings has taken place and „pow bovars Tis. 201. Raubs continue on offer at $8.

Docks, Wharves, and Godowbs.jowloon Wharfs have rise to $64, at which hoy close easier after sales. Whampoa Decks are quiet and have sellers at 545. Showghal Docks are firmer with bayers at 216 75). Hongkew Wharfs are unaltored and are obulsable-at- Tis$140.

Lands Hotels and Buildingi.-la Hangkong Hotels there is no business to report, but shares could probably be placed at quotations. Hong.. kong Lands aro firm with bayers at Scot, but they are none to be had at the price. Hum- phreys Katates continue on offer at Syd without inducing buyers. West Polnis on a forced sale dropped to Sat, but there are buyers again and probably a higher price could be got.

Ios and 17, which form the bulk of the Among the companies whose shares siand

settlements and show is improvement, of at high prices Lioggi is go exceptional case;

No. 161 have been' in other well-managed.companies could make me $1 to $3 per balo. good a showing. Take Straits Settlements limited request principally for one or two (Bertam) Rubber Co., which I consider a special chops and No, os continue in mod. erate inquiry, but prices are difficult to move. low-priced share, On May 18; these shares Rubber appears to be as provocative of argu-stood at zy, and to-day they are to be had At the moment buying still continues, but what with small stacks, restricted supplies and mapt as it is conducive to money making just under this figure. They are just about to shoriness of supplies is now being fell, and become a big producing company; their crop now, says the Financial Times of September Since our article of Friday last on the shortage for this year will probably reach. 100,000 lbs.deurness of the raw material the market closes firm and tending upwards, Bombay continues Are their shares over-priced? Let us com of the Para supplies and the continued high

quiet bot strong.. price of the commodity, a bitch if correspond-pare them with Kamunings, the prospects of ence has reached us questioning the basis of which company are reflected by the shares proff's fixed in some recent prospectuses. One standing at about 150 per cent. premium, correspondent points out that, whilst formerly potwithstanding the fact that the company basis of 2s. 6d. per lb. the standard recently pearly two and a-half times the total acreage has been 4. per lb. net, and even gs. per lb. of. Kamuning, have nearly one thousand more atres planted with rubber, with a further groß The wriler contends that the present shortage of the commodity, will readjust itself 700 acres ready for planting; the official (under) under the law of demand and supply, but does estimate for rubber for the current year is not thlok that a return to the former normal 80,000 lbs., against $5,000 ibs, for Kamuniogs, while the latter have an added revenue from tin equivalent to, say, the profit on 20,000 lbs. of prices will occur for some vents; in fact, until the plantation companies further develop. Lape, which is the chief market bath for deal of the two estates are somewhat as a par, but From inquiries, however, made in Mincing rubber. On the whole, the present revenues Bertams have Ì12,642 trees. 38 years old and ing in the raw article fand in the shares of plantation companies, it appears that 45. per 44,679 older trees, which compares more than ib. is a very conservative estimate for future favourably with Kamusing. Both companies

have sufficient líquid assets to bring. three ing the fortnight ended the 9th inst, viz, 88, Lao-Kung-Mows, Tis.110, and Boy Che in four thousand acres into bearing, so, plantation profits, having regard to the pre stat prospects of the industry. It is truc taking Beriam's larger reserve acreage and that in June last and quite recently pros planted area, with its lesser capital-£175,000, pectuses were issued basing profits at 2s. 6d. per lb. and less, but this is exceptional: gaies: £200,000-no one can say that Ber and Lowlands Para Rubber Co. calculating its for, as far back as 1906, we find the Highlandsen at little over 25 per cent, above pat Ara anything but under-priced, while Kamus future profis at 58. per lb. This company's ings stand at 150 per cent over pir, and are, in the opinion of everyone, who knows any. products certainly always obtain the very high. thing about rubber, cheap shares at that. est prices ruling, but, at the same time,

profits on other properties not so highly cultivated were estimated at 38. 44. per lb. and others at much less. The patoral conclusion is that estimates are based on the conditions of the in- dividual properties and that there is no general role.

PROBABLE COURSE OF PRICES.

Trade in the Straits Settlements continued In be very bad in 1908, and many labourers there were thrown out of employment, whilst the heavy rains and typhoon in the Swator district probably provided employment for many who would otherwise have emigrated.

SHELFORDS AND PERAKS.. When the Nippon Yosen Kaisha Co. with-

Shelfords and Parake are, in my opinion, drew from the coolie-carrying trade with

two mora under-priced shares. The latter Bangkok, the whole emigration business

company's crop for the current year is working of the port was left practically in, the bands

out at three times last year's crop, and, with of the North German Lloyd. The only

the better prices for rubber, it needs no minifies other vessels competing (on the Singapore line

marician to formell that, as they declared a 10 only, during the your were, the steamers of the Wen Bin and other companies running under The more important question is what is like. per cent, dividend on last year's working, they the British flag to Singapore, the Straits Settle.ly to be the future course of rubber prices? should declare a dividend well over 30 per cent. ments and K.agoon, Starting from Amag. they Prior to the existing bonm the price of Para for the current year while Shelfords are with call at Swatow to fill up with passengers and rubber averaged 3's 4d,, por Ib.-that is from out doubt, at their presest price of under 301, Cargo and though very popular boats with ex 1886 to 1907-the high-water mark being in the cheapest share offering in the market. Goi condas, Java Plantations, Damansaras and celiant accommodation for all classes of Chi-1906, when it touched 5s 3d. As is well-known, is Lumpurs are also shares which one day

1908, the lowest price was recorded early Dese seldom obtain more than 300 or 400 passengers from Swalow, but carry considerable when it fell to ze, gd. Since that period it the public will sigh over because they did not quantities of cargo.

has gradually risen, with occasional fluctus. buy to-day. lops to the present abnormal quotation To meet the monnpely thus established by of a per lb. There is no evidence of any the North German Lloyd, a company with a events likely to take place reading to lower the price motif the plantation returns in some capital of 3,000,000 ticals was promoted by Chinese and Siamese merchants in Bangkok measure seriously compete with Para supplies,

MEETING A MONOPOLY.

Exchange on India bas fluctuated slightly and closes to-day at Rs. 1291 10 T/T and Rs. 130 for Post. On Sbangbat 74 and on Japan 84?. The undernoted business in imported and local spinnings is reported from Shanghai dur.

Tadian-A brisk demand has been experi. enced and sales of about 8,000 bales have been effected atau advance of r to 3 taels, with an estimated stock of 65,000 bales...

Japanese-Demand coctiques, and about 3,500 bales have changed hands at Tis. 104

to 112 for No. 16s and Th., 118 to 121 for No, 201

Local:le good demand at firmer prices, about 3,500 bales changing hands on the basis of Tis. too for Nos. 13 and 148 and Tis, 105 to 106 for No. 16%..

!

P. EDULJKE.

Broker

FREIGHT MARKET.

Cotton Mills,Hongkong Cottons have been sold at $6, closing with farther buyers. Ewon improved to Tia. 148. but can be had at the rate. According to latest mail advices to band from the North changes in other Northera Mills are as follows :-internationals, Ti,

Tls. 450,

Miscellaneous-Chion Providents have been ́› sold at $91 and are wasted.. Dairy Farms ata wamed at Siúp ex the dividend of $1.10 per share paid on the 19th inst. Green Island Cements have further wankened to $2 at which rate business has been dose. Union Waterbests. have been placed at Sse) and close in demand. Langbats drapped to Tin 750 doring the week, but at the class bare improved and are now quoted at Tis. 8on, Sumatras are firm, and wanted at Tis. 109.

Rubbers-Anglo-Malaya,hawa during the baily part of the weak at 16/*, but ju Liho close hava receded in 14/- with buyers, Balgownire are capler with sellers at $69 after sales at $70. Damansaras were sold at 81j6 and can now be had at a lower, rate.” “Kunla Lumpurs, after sales at 7:/-, rose as high as 77/6, but at the close buyers only offer ya The company has declared a dividend of 4- per share. Linggis are firm and wanted at 24/7 Kogulins are also in favour and can be placed at Sab after sales ni $29 (S'pore.). Ledburys) have buyers at 47/6, and Saggas at 91/2 Gat condas have changed hands at 571% Bangel Chobs (partly paid) are in demand at 17/-; Sandycrafts are firm and can be placed at $720 Singapore) Singapore and Johores are obi

tainable at $320,

doo

Exchange --The Baoks selling rate on Lon- is 18 on demand. The T/T rate on Dividends Payable-Kuala Lumpura~~divid- Shanghai is 74 - and of 4 for 1909.

AN ALL-ROUND IMProvement anticipated, Messrs. Lamke and Rogge write in their

Since our last report was written on the IS! fortnightly repon of the 16th instant- instant chartering operations during the past fortnight have been on a larger scale than what has been the average of late and it is cocfident. ly expected that with the Newchwang and But I think I have said enough to show that Yasgirs sensors further advanced an all-round share values are not inflated, and when it is improvement will set is. The somewhat strong- considered that those best able to judge theor demand for toneage in different quarters future of the raw rubber market-buyers, sellers prevailing at the time of writing makes owocn and through the holding back policy on the and manufacturers alike-maks no secret that, suce mora dreamt oflong wished "better times," in their opinion, the present geberation is not to run steamers from Swatow, to Bangkok which will not be for years to come, even at the likely to see the price of raw rubber fall below part of owners, especially as far as Northern and the Straits. To enable the company to present rapid rate of production. The collec withstand the competition of the North German tion of the wild rubber, universally known as a frare at which plantation rubber companies business is concerned, several 'faisty good" can make a handsome profit, the genuino fo- paying freights could not be placed. We feer, Lloyd, is intended that all coolies travelling Para- product of razil-is a hazardous pro- by the company's steamers shall be guaranteed cedure, fraught with, heavy loss of life and rostor has nothing to fear and much to be however, that the sust looked forward to will Salgos/Hongkong-The nominsi quotation employment on arrival at Bangkok, whilst those incredible hardships, while the scanty fabour thankful for, no: the least of which is the again be only of short duration as unual

now stands at ó cents, which rain the regular arriving by other lines are to be boycotted. The supply, for these ressons, is liable to diminish contact reactions which give him the opponu-

liner Laertes has accepted for part cargo only. scheme has been warmly taken up by native rather than to increase, until the Brasilian ally to get in at low prices,

Balgos/Philippines,-A-lew farther fixtures merchants, and a successful start has been made Government seriously takes up the question of in the early part of this year with six chartered transport. Brokers in the commodity inform Onite 27h ultimo the remains of the Russian have taken place on basis of 25 000 piculs at vessels. Messrs. Jardine, Matheans and Co. as that they can see no present evidence that prisoners of war who died during their deten-24-cents. Further toppage will in all pro set as agents for the company at Swatow. Ab- the lower prices ruling in past years will betion in Japan were reinterred at Inasa, Naga-bability not be wanted for this month loadleg. Saigon/Singapore.-Nothing fresh has bean other line, the Eastern Shipping Co., Ltd, of again reached. Whilst Eatom planters can, sakl. The remains had been collected from Penang, is maning a monthly chartered vessel it is true, market rubber at a cost of ta per lb various places. Most of the deceased, having done locally since the fixture of the as. Fir from Amoy via Bwatow to Singapore, Penang on the other hand, in Brazil, every lb com been naval mes, the Japanese. Navy, Depan 29/30,000 picels at $1,900 Saigon Curency is ment specially dispatched the cruiser Jrumi to Agrust last; owners do not feel inclined to ax and Rangoon, calling at Swatow about once about roughly 3s. to collect,

BRAZILIAN PRODUCTION NOT STIMULATED, take part in the Burial ceremony, Admiral in this direction at the rates offered, mouth.

Saigon/Jaxe-A couple of fixtures have been It is evident, in aborty that the present bigh Salto, Minister of the Navy, and Admiral Togo price hus not stimpisted Souls American pro sent beautiini wreaths, which were taken to effected at last rate paid, vir,, 20 cents, which dactions in fact, a recent dispatch on the Nagasaki by Commander Kimura, Aide de would not, however, have been accepted by foreign trade of Bras 1 states that while the Gang to the Minister of Navy, and who was owners without a wugar freight from Jave back exports for the six months to 30th June last present at the ceremony. Colonal Kavakira, in combination therewith were valued at £8,202, 40, and those for the Commander of the Nagasaki forts, repretected. Java/Hongkong. The local sugar market Shaoghal-bunk T cormiponding period of 1908 seenly...the Army,

Gogdaues very strong Super freights from the - Stopapie Bank

· |

THE operation for clearing the entrance to the barbour of Port Antber of socken wassels and other obstacles are progressing space, and it is The local gentry have received a telegram or expected that the work will be completed from the Shanghel Tactal informing them that by the end of next month, when a free passege

Naval Commissioner, Prince Chun Publap, › for regsels will be opened,

Forward Settlements. The following dates have been fixed by the Stockbrokers' Associa tion el Hongkong for Forward Sṭtlements 1-

October Saulemast 20li October," je November

19th November. December

19th December,

·TO-DAY'S' EXCHANGE. Salling.

Loodoo-Bank T.T......

Do damandm Po 4 months' sight France-Bank T.Tji. America-Back T.Trun Germany Bank T.Ta.......... 090,-demand .... India T.7, ... A