1910-05-05 — Page 5

Rubber Finance.

HOW THE HONGKONG MARKET IS FARING:

THE HONGKONG TELEGRAPH THURSDAY MAY 5 Iqro

the Bubble collapsed. That such a catastrophe a ationded the South Sa Bubble will not follow the tubber boom is devoutly to be wished, but at the same time, it is well that our local investors should be reminded that the ground upon which they are treading is da gerous and,may at any moment immerse them in its uncertain depths, te

⠀ HONGKONG OBSERVATORY.

A YEAR'S METEOROLOGICAL RECORDS, Tha report of the Director of the Observatory (Mr. F. G. Figg) for 1909, dated 15th February, 19:o, states i—

The comparison of weather-forecasts issued

SHIP LOGS

have been copied on board or forwarded by the captains. 1 he total number of vesseln" whose log books have been made use of waz 194. The total number of days' 'observations (coupting separately thors made on board different ships on the same day) was 14,716. Acknowledg meat is bare made of the courtesy of those to forward their observations,

To-day's Advertisements,

CANADIAN PACIFIC RAILWAY - COMPANY.

Sir, Frank Sweiterham, late Governor of the daily with the weather subsequently experis masters of vessols who have been good enoughURING my absence-from the Unlony Mr..

EFFECT OF THE RECENT SLUMP. To all accounts, the rubber boom locally is raverting to normality. Last week's let back in share "quotations, capped as it was, Straits Settlements and High Commissioner of by the taxpected slump all round yesterday, the Federated Malay Statos (who is quoted as mast hava given speculators mideriul furiously to think and givou bona de investors food forhaps the greatest living authority on British reflection. It was only the veriest tyros in Exbusexpressed above. Mr.W.F.Nett, the chair Malaya), bna given his approbation of the opin change manipulations who could have con caived the passibility of no aternal success to the "bull" movement 60 succesfully carried out in Mircing Laue. Now that the inevitable "bear" raid, has come about, the

marker, as has happened in "innumerable

instances before; has been thrown into a state of abaviute demoralization. Scanning the cable

enced has been conducted on the same systori as heretofore (compare annual report for '1896

$). The results are au follows

cent., failure a per cent, partial fallure 8 per Success 58 per cont, partial success 32 per maa of the Selangor Chamber of Commerce, "the man on the spot," said in a recent speech at the logical Offices and taking the sum of total and cent. Following the method used in Meteoro annual meeting of the Chamber is as partial success as a measure of success, and well that the public should in these limet of the sum of total and partial failure as a men- paralleled prosperity be warned against these of failure, go per cent, of the weather station of companies with a capital that spelle forecasts were successful in 1909. in to these estates in the years to come when

The average results for the three preceding

list, kindly supplied to us from day to day of the price of rubber will without doubt fall with 3 years were as follows-

the increased production.".

Messe, Kadoorie and Co., cas clonot but be forced to the conviction that the "drop"

And the Chairman of the Kuala Selangor betokeus that "proicky" condition that is Rubber Co. par phrased bore remarks when invariably associated with a weak. "bull"

he stated, at the annual meeting of share.. philanx. The dete's weakbess constitutes holders on the 4th ult, that he agreed with the "brars" supath, hence the suc lay of the remarks made by Sir Frank Swet cess they are now scoring, with one fell of subber propositions had basa foisted upon tenham as to robber prospectuses. A oumber swoop. If regret in st be expresied at the the public that were sal worth the paper that temerity of speculators who had gone "beyoud the prospectuses were written ou. A good masy their depth, satifaction mant be ick that the chickens would come home to roost before this reaction has arrived before greater and museubber business was over." incalculable damage B flicted upon the men of small means who have, rushed into tha. temptingly utrative form of speculation when

the more fled and monted investors_|

bave ocly fell way with deliberate caution. It is with feelings of satisfaction, beefyre, that one sees the pubability that, much of the capi tal which was being sent out of the Colony in the form of cash or scrip will before long once again be voted to the advancement of nür own focal industries. In this connection, it is interesting in, observe, that the Shanghay financial'journal culleri Capital, and pommerce his the flowing remarks to anke, beming| out, as they do, the opinions that have pre viously been pressed on this subject in the columns of the Zolagraph;-

COMPINY PROMOTING IN SHANGHAI

-S. S. "AKI MARU" ABIKE...

____FULLBACK_FOA-SURVEY,

have received cable advice to the effect that The N. Y. K kindly inform us that they the 15, Akt Maw, from London on 16th April, had an outbreak of fire on board, amongst the, coals in her port sids bunk- ara, when about 340 miles from Suez, and had to put back for survay. She again lelt Suez on the 4th last.

$ 58 per cent, partial success 32 per thi, lure 1 per cent, pattini failure o per

Coul.

2. The number of typhoons directly affecting the North part of the China Sea was, as in the which resulted in the Colony were out of great previous year, greater than usual, but the gales severity with the exception of that of October 19th, when storm force was reached.

'The centre of this disturbance passad a low, miles to the South of Gap Rock where typhoon force of wind was experienced for twelve hours At the Observatory the maximum hourly wind. velocity was 75 miles. As Victoria Peak the wind bad attained an average hourly velocity blew away. of go miles when the cups of the Anemograph

3. From the commencement of the month of June

THE WEATHER MAY made daily for use in the Observatory has been reproduced on a scale suitable for exhibition, and copies have been posted at the following and the Ferry Company's. These maps while uplice boards: -the Harbour office, Blake Pier showing the broad features of pressure distribu-

THE BLURAs Nieuwsblad hears that certain are quite enthusiastic about in plauting caption are necessarily lacking in detail. It must British rubber-men who have just visited Java abilities. In their opinion all the sail is suitable be remembered that the telegraphic reporting While company promotion in Shanghai and even on rocks. They expressed surprise aboard and with the exception of a couple of and a jobber yes would grow in that fertile is stations are situated almost entirely on the and elsewhere. is proceeding in the same pace as bolore. wefad that it investoring there, and this cot more was made of that continent is unrepresented.

that the Hollanders did so little for rubber-grow stations on the Yangtza river, the interior of the is not madly silter any rubles shure profitable kind of cultivation by others. bafore, and there is a beginning in the way of analysing critically the prospectuses recently issued. Local companys are beginning to be scanned, more Emefully and prospects analyzed, and are lesh ible in event failures today thin a month previoui. In Shanghai, after the Seulement, the upward

On the whole the best display of falley's comet will be during the last ten days of May, when' it will be an evening star and very dear the earth. The fat will consequently appear very long, and the couict will move with great lapidity; thus on May ar, it will be bear Gamma Geminorum, on May 13, ten degrees south-east of Procyon, on May 25, near Zeta Hydrac, on May 30, 15 degrees south-west of Regntus.

E would call attention to the advertisement

movement of the shaies has been checked temporacily as many wish, and while the rise was justified by the output or the dividend the fall was only bound to come. Every prospectus Is, as customary, glowing with the brilliant prospects of a dividend, companies being so appearing elsewhere announcing the sale of watchful of the shareholders' interests as to culcuits the revenue with rubber at : peoo little Ockseu Island and of all cargo tema:n the wreck of the as Kriging is she now lics ib, and still show a profit of so per cent ining on board on date of sale. Intsoding pur 194 There is the inevitable experts' opinion chasers of a speculativo, spirit would food com that the estates are always valuable and got at fort is the fine condition of the westber, in the cheap prices, and that allowing only an aver- hope of sucessfully satving, the well-knows age of lbs. per tree, the estate stipuld pay coaites.fter purchase at the auction to-morrow divided of 75 per test per annum."

Ope gets tired of reiterating the ratio of the estimated output to the future prica bait is extraordinary that the public should believe that 'estater can produce rubber, at the rate of

400 to 500 lbs. per acre at a price of, say, 25, to the pound while it costs, deadly that price 10 grow it and put it on the market.

afternoon.

COMMERCIAL..

TO-DAY'S RUSHER QUOTATIONS.

Alla,ara

May 5th, 4,03 p.m. The following quotations for rubber shares, We have always beld (says, our con-by-wire, are supplied by Messrs. E. S. Kadoorie temporary) that there are genuias promotions & Co.-- where estates are bought at reasonable prices, had companies formed with a good amount of working capital. Once more we assert that ubbers in safe and profitabic investmen when the speculative flement is absent"

TOTAL CAPITALISATION, .The total cpitalisation of ld, cnd new rubber companies formed in Landon up úll the 16th of February last reaches the enormous. sum of £10,512,108, f which £5,940,001 be- "longs to the old companies, formed before the boom. in Shanghai tomething lite pue and a half million stering has been unk in jabber, and in nogkong about the same amount may be calculated as having been tied up in the same form of investment. That more and more baš been finding the same destination is a cocclusion that anyone who follows the move- ments of the cal abare market is bound to Concede.

THE BRINK OF THE VORTEX.......... Those whose daily experience takes their memory back over thirty years in the Hong- kong Exchange support us in the contentice we have put forward, elmost ad nauseam, that the injudicious plunge indulged in by mere dglings in share dabbling is carrying them dangerously near the brink of the vortex, and it is well that the reaction in the rubber market hes como as early as it did, let the mad wirl might have caught more of the DOWRY young 'uos" to their own undoing. In Shanghal, apparently a period of heaby reaction has also set in. Rubber shares are all very good in their way, but when pot in front of purchasers at prices which me act, to all sppetrances, payable at ordinary - Bank rates of interest obtainable, it is not only Woolish but reprehensible for small investors to . put their capital into concerns which offer specious promises in contradistinction to solid local ventures that have for years back been earmarked by success and which show every evidence of thriving for years to come.

THE GAMBLING MANJA,

Of course, it has to be granted that every man born into this world is more or less of s gambler at best. if he escapes the inherent tendency la bie childhood days, he in almost sure to acquire it in the days of his maturity, Therefore we find that the robber boom in the Far East has been progressing with great activity with a reckicsinasi on ibe part of the purchasers of rubberskiezen which resembles nothing so much as the wildness 'with which gha'British took up' South Sen shares before,

Anglo-Jovis TIs, 73. Aug'o Malays............39) ex, div. .....53 107/0

Balgownies.....

satu Tigasusarada cari

Bertam......... Isakit Kujangs..... Bukit Kajabs.

Carey Uniteds 27/6 prem. Castlefields......

Changkat Serdangs Sao Cheras

Damansaras...

-

Eastem Internationals ......3of prem, . Fed, Selangors.. Gleucalys...

.........$3.75 Gleashielsvaka no coper Golcondas.... Golden Hopes Highlands and Lowlands 145/- ex div. Indragitis ........................AIN,

..$43

lach Kenuelha Jequien

Jooglanders....om je Kamuniggs...916 prem. Kuala Lumpers ..............205/* Lunadrons (fully paid). F40ĥ Lanadrons (ppd.).....................................tz/6 prem. Labas

citsasa+ intercambia' *** Ledburys punčiame...97/6

·Linggis ́umniosärom........591: London Asiatics 41/5 London Ventures......

Merlimans..........

Pajams............$18

Pegohs.Popravi

616

$56′

Rubber Trusts......67/- prem, ex, D. İ. Saggaste e an.310/.. Sandycrofts...mai minum..$40.

Sapongs

Seafields...............

Selongs

35/- prom. Shelfordsense in patoguse perm

Bof- Singapore & Johorai Sumaira Peras. Sungel Choht ́.107(6 'Sungei Kepare Tandjongs ************$5/- prem. Tangkaha..................................... 251. prom.

United Serdangs...........................122/6 United Singapores...............$4 United Sumatra......

mimartinum.17/6° United Langkats...70). ex rights Fara Rubber gassy 10/6

Notwithstanding these disadvantages it is be lieved that the public bas found the maps useful and applications for capies have been receive) from several persons.. But as those at present exhibited have to be made by hand, it has not been found passible to meet their wishes, and in the present state of our communications the expense of reproducing the map for distribution would not be justified...

4. Under the arrangement 'mentioned in my last report (3) the ordinary daily.

were supplemente occasionally by extia ab- METEOROLOGICAL TELEGRAMS

Southern Formos, during the prevalence of servetions front stuions in the Philippines and typhoons in those tocaliies. The fullest use could not be made of ibis arrangement owing to the interruption of telegraphic communien. tion, so apt to occur at these times, in the islands.

These observations were forwarded by the courtesy of the Directors of the Philippines Weather Bureau and the Formosa Weather Service, and many of them proved of great

value.

13: The entry of observations made at sea lo

Singapore and 180 Kast of Greenwich has been, degree squares for the area 9 South and 45′′ North Latitude, and balween the longitude of

from leave of absence on November 3rd, by continued by Mr. Jeffries and, after her return Miss Doberck, and 347,190 in all have now been entered.

HARRY P. THOM VS with co charge of the Company's busiooss at his Porti

D. W. CRADDOCK,

General Traffic Agent. Hongkong, 5th May, toro.

NOTICE.

F350

COMPANY, Marchants and Commis HINA COMMERCIAL TRADING

The means of these observations have been No. 13, QUEEN'S ROAD CENTRAL, and sion Agents, have this day bood established at taken for the degres squares comprised in the Floar. following breas:-Equator to 6' South Latitude. Dated the rd May, 1910. and from the Longitude of Singapore to 125" Enst for the months of January to December 351] inclusive, Equator to 24 North Latitude and from too to 125". East Longitude for the month of January.

14. The tracks of the

have been laid down by Mr. Flummer, and TYPHOONS OF 1909. they will be printed and distributed as soon as possible.

indirect comparisons of barometer and aneroids 15. During the past year several hundred

on board ship have been made. A few, bara- various peoplo-ia the Observatory, meters and aneroids have been compared for

16.

THE RAINFALL

in Inches recorded by the gauge placed in the Police compound at Taipo, New Territories, was as follows:-January 1.11, February 2.0 March 2.87, April 2.30, May 8.15, June, 10.45,

·July 1942, August 9.28, September 7.07, Octo total for the year 1919 being 88.48 inchos. ber 25.58, November 0.07, December 9.00, the' On an average of the four years during which measured at Taipo has exceeded that recorded this gauge has been in operation the rainfall

at the Observatory by zo per cent.

nemograph ordered from London in the 17. The Dines-Baxendell pressure-tube

the year. It has since arrived nad is now be fog mounted, and it is expected that it will be spring had not been received at the close of

brought into use shortly.

at

THE

LO.YUK KEE,

Manager,

PUBLIC AUCTION,

Undersigned have received instructions

to sell by

PUBLIC AUCTION, FOR ACCOUNT OF THE CONCERNED, TO-MORROW..

the 6th May, 1910, at 11 AM, at their Sales Rooms, No. 8. Des Voeux Road,' .. comer of Ice House. Street,"

A QUANTITE OF MISCELLANEOUS ARTICLES,

-Comprising

HATS, &c., &

FRENCH PERFUMERY, SINGLETS BATH TOWELS, QUILTS, PANAMA

TERMSAs usual,"

HUGHES & HOUGH,

Auctioneers, Hongkong, 5th May, Jojo

PUBLIC AUCTION.

1352

for the benefit of the concerned, to sell by THE Undersigned have received instructions

Public Auction,

from Messrs. BUTTERFIELD & SWIRE,

the same time, was received in December,... A chronograph of inexpensive form ordered

and has since, by me as of an electrical device, been made available for obtaining a sccord of the revolutions of the cups of the Beckley demagraph during short intervals of time, whenever required...

.

The registering parts of these instruments are placed on the ground floor where the re- cord can be, inspected at all times; which is a great advantage,

18. In 1959 the number of transits observed was $31. The axis of the transie instrument

aid of the meridian mark. The whole of these was levelled 262 limes, and collimation and arimath errors were determined 18 times by

observations bave heen made by Mr. Plummer.

the standard clocks have been cleaned during the year, the Mean Time clock on the 7th May, and the Sidereal clock on the 20th of the same moath, The Time ball clock was oiled and the escapement cleaned on the 17th March, he going of all of them subsequently has been sausfactory.

19. The errors of

THE TIME-BALL

the 6th May, 1910, at 4 P.M., at their Sales TO-MORROW (FRIDAY),

Rooms, No. 8, Des Voeux Road, corner of Ice House Street, LOT No. I.

The Wreck of the Steamship

"KWEIYANG,"

As she now lies on little OckSEU ISLAND (NEAR AMOY),

LOT NO. 1.

Intimations.

THE

DAIRY FARM Cu,

LIMITED.

Choice Australian BEEF, LAMB, MUTTON, RABBITS and HARES.

ASAHI BEER SAPPORO BEER

TO BE OBTAINED FROM ALL WINE DEALERS

NOTICE.

to European officials and merchants in this R. LI HON FAN, a Chinese graduate

Colony for over ten years,

Mature, has been a teacher

He has a good method of trafoing Euro- peans to pass in the Chinese examination, and is possessed of a first rate certificato a L Chiness teacher. He has also a good know- ledge of Mandarin.

L

Those who intend learaing the Chinser language are requested to write care of Hongkong Telegraph office or direct to 37;

All Carge remaining on Board on Date of Sale. Hollywood Road, and ficor,

be obinined from the Uadersigned,

Full Particulars and Conditions of Sale may

TERMS As usual,.

HUGHES & HOUGH,

Auctioneers.

Hongkong, 5th May, 1910,

NIPPON YUSEN KAISHA.

NOTICE TO CONSIGNEES,

FROM EUROPE, COLOMBO AND

STRAITS.

TR Company's Steamship

Hongkong, 3rd January, 1910 -

“SOLIGNUM.'

(71

[363 FAC-SIMILE OF A LETTER from

Ordnance Department No. 6350 G.

Simid, 13th Januar”, 1999. From Major-General R. H. MAHON, C.B.R.A.

Director General of Ordnance in India, To Messrs. COOPER & CO.,

having arrived from the above Ports, Con-

"KAWACUI MARU,"- signees of Cargo are hereby informed that their Goods are being landed and pinced at thei risk in the Hongkong und Kowloon Wharf and Godown Company's Godowo at Kowlogo, where cach consigument will be sorted ou mark by mark and delivery caa be obtained as soon as the Goods are landed.

instructions are given to the contrary before Noon, TO-DAY.

Optional Goods will be carried on anless

are given on Table 1. The ball is not dropped on Sundays nor on Government holidays. There were no failures in 1909. On the 14th July and on October 19h it was not dropped, in coorequence of heavy gales, and on Octo-be ber zoth and December 8th because the line It was therefore dropped

5. The Imperial Marijinis Customs authori. ties at 2watow kindly forwarded an observation made al 9 p.m., from May ull October. Unfortunately owing to delay in telegraphic transmission the greater part of these messages failed to reach the Observatory until next morning. Nevertheless they have been fie quently useful.-

6. It is baregretted that the meteorological was out of order. telegrams ded'leumi Hoihow and Pakboi,successfully on 293 days, while showing me improvement in the time of receipt as compared web former years, aro still received to late for forecasting purposes,

7. At the request of the Government I visited

MANILA CHSERVATORY

y

in the spring, when I was received with the

KUALA SELANGOR RUBBER.

A WARNING TO THE ¡UBLIC, greatest courtesy by the Reverend Fr. Algué, Selangor Rubber Company on 4th ult, Mr. Pesiding at the annual meeting of the Kuala the Director. During my short stay he was good. A. Horn stated that the report was a fairly enough to afford me every facility for reeing the equipment and the working of the establish ment under his control.

Opportunity was taken to áfrange details for the forwarding of the extra meteorological observations mentioned in paragraph 4 ...S. In addition to the ordinary warnidge; special warnings of the approach of typhoons have been seat regularly to the Authorities

ia Casion.

►

satisfactory one. There was

a prospect of additional property being acquired · which would give them 16,000 acres all round the factory in a high state of cultivation, with pos sible production in.two years.

·

Whatever might be the fatura price of rub- ber, he did not think soy part of the world could produce at greater profit than the Malay Peninsula. Wild rubber, could not be pro- 9. By the courtesy of the Naval Authorities. duced at a profit when the price fell to 10, meteorological messages were received occa-pound, and when the price did fall the demand sionally from H.M. Ships during the year by for planted rubber would be enormously in wireless telegraphy, and in the cass of the creased. typhoon over the China Sea ia November which caused so much delay to shipping, some valuable observations, wore received by this means from H.M.S. Kent, then en rguls to Singapore,

13. As already nonenaced by His Excellency the Governor, the Chinese Authorities have promised to sreci a

WIRELESS TELEGRAPH STATION.

on Pratas Islands, and this Government bas agreed to allow the staff for the station to attend at the Hongkong Observatory in order to receive some training in making the necessary meteorological observations.

These latter will be of material assistance la the framing of weather-forecaste and storm- warning's.

11. The thanks of the Government are due to the Telegraph Companies who continys to. forward meteorological telegrams from casports | to Hongkong free of charge; and also to the staffs of the Eastern Extension, Austrälesina. and China Telegraph Company at Sharp Peak, Hoito, Bacolod and Cebu, who make and traps mit observations twice'dally, r

12, During 1979 in addition to meteorological registers kept at about 40 stations on shore,"

I

subject to rent. Goods not cleared by the 12th May will

No Fire Insurance has been effected. Damaged packages must be left in the Godowas for examination by the Consignee's aud the Co.'s representatives at an appointed hour. All claims must be presented within ten days of the steamer's arrival beso, after which date they cannot be recognised, No claims will be admitted after the gooda have left the Godowas,

NIPPON YUSEN KAISHA. Hongkong, 5th May 1910,

ts

333 Abdul Rehman Street, Bombay. Gentlemen,--With referance to your letter dated 17th March, 1908, relative to the pro- perties of SOLIGNUX" ) beg to Informa you that the Soligaam supplied by you has bean irled and its efficacy in preserving timber against the attacks of white ants has been astablished. Yours faithfully,

(Signed) L. G. WATKINS, Lt. Col. R.A,

for Director General of Ordnance in lodis..

FAQ-SIMILE OF GOVERNMENT ORDER,

Circolat No. 1-B, XX-Miscellan

Heiing MILITARY WORKS SERVICES. From Major-General H. W. DUPERIER,

Director-General of Military Works, To The Commanding Royal Engineers of Divisions, Military Works Services,

Simla, the gih August, 1907. SOLIGNUM. Memorandum,-It is hereby notified that "Saliguum" manufactured by Messrs. Major Co., Ld, Hall, England, has been tried and found to be an effectiva prezervative of wood against the ravages of while ants.

2 Particulars regarding" Solignum" can be obtained from Mesars. Cooper, & Company, 333 Abdul Rehman Street, Bombay.

G. WILLIAMS, Colonel for Director-General of Military Works.

SIEMSSEN & 00. (Machinery Dept) Hongkong,

REDUCED PRICES

WHISKIES.

King Edward VII V.O. Liqueur

(Gold Label)

The chairman stated that he agreed with King George IV V.O. Liqueur (Gold

many of the remarks made by Sir Frank Swet- tenham as to rubber prospectuses. A number of rubber propositions bad been foisted upon the public that were not worth the paper that the prospectuses. were writtes on. A good many chickens would come home to rnost be fore this rubber business was over.

Events Coming,

Friday, 6lb May.

Hughes and Hough, auction sale of mis- cellaneous articles, it a.m.

Label)

King Edward VII Special (White

Label)

King George IV Special (White

Perfection (D. & J. McCalum's

Label)

Club Whisky, Special L

Sola Agents.

[42

FOR

$25 per case.

25

do

18 do

18

do

18

do

16

do

Hughes and Hough, auction sale of the NOTE, Even the Cheapest of these Brands ie Superior in Quality,

Wreck of us. Kwaiyang, 4 p.m. -

Saturday, 7th May,

Hughes and Hough Auction sale of Carniture 3:30 pm;

"

Hughes and Hough Auction sale of Japanese Oorios, .30 p.m..

Cricket, at the Cricket Ground, presentation

of Shield.

Boxing at Balls Viaw Hotel Stadium 9 p.,

Monday, gih May, Mesting of Licensing Board, mis p.m..

Mellowness and Maturity to many So-called popular Whiskies, Connoisseurs are unanimous in their verdict regarding this.

SOLE AGENTS :

H. PRICE & CO., LD.,

Telephone 185.

Bregkeve 4th May, 1014

WINE MERCHANTS,

13, Queen's Road, Central.

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