Mails
THE HONGKONG TELEGRAPH FRIDAY JULY 22 1910
NORDDEUTSCHER LLOYD, THE YOKOHAMA DOCK CO., LTD.
BREMEN
IMPERIAL GERMAN MAIL LINES.
YOKOHAMA and KOBE
STRAMERA
TO SAIL
'PRIKE'WÄLDEMAR" ..... Į Ábont TURSDAY,
Capt. F. Isako.....{T. 6,100)}
(96th inst|
17th July
SHANGHAI, NAGASAKI, KOBE (PRINE LUDWIG **. ‚ l'About WEDNESDAY,
and YOKOHAMA
mandine (Capt. F. v. Benser (T, 18,300)}!
NAPLES,' ' GENOA, ALGIERS, GIBRALTAR, SOUTHAMPTON, ANTWERP and BREMEN
MANILA, ANGAUR, YAP, NEW-“ GUINEA, BRISBANE, SYDNEY and MELBOURNE
*
No. 1 DOCK No. 2 DOOK. NO. 3 DOCK.
IN COURSE OF CONSTRUCTION) 515 ft. Docking Length....,376 ft. Docking Length......481. fl.
Width of Entrance. Bo
Width of Kütrkace... 63
Water on Blocks
Water on Bloc
Docking Length Width of Katrinës
Water on Blocks ....
BBER/SHARES
BIGDER DOOM 'ANRADJA
bigh prices pa d
lärented - becomes ↑ «por
"Falling At alam prices, so
(husu returns will ba cour
Lovestors in the better class of companies have always had: splendid prospects, both for the present and faturn, and the croaking ravens who expected - tast shares would be picked up when the slump thrly disappointed all history is the based on marit, and is, more
A DISCRIMINATING REVIEW OF POSITION:
when the supply of 163 du AND PROSPECTS 30
had sufficient tima ka luva The Rubber Abara Merket is taking a brun are not wanting that this will ther, and I think none will regret it, axcaptd, for many of the bewer narkaps, those who have been panting fajadició during the boom are dropping ont onely with new issues of the Joss desirable sort. tion follows liquidation, and as thos before there was Ume to discriminate among producers close down and wall for more pro good, bed and indifferent. Well, Time par ftable time. kindly umpired, and givan, its verdict, and thma of your madere who, doublog the sound- pasa) of the policy I arred them to adopt, left the ralis, want consolation, I am afraid there is') little for them but the reflection that to oer is bums and forgiveness in the Stock Market li dependent on their paying the full pountry of their sins. On the other hand, those who have steadfastly followed my advice have nothing to peat of Their shares are still marketable, and standing at little, if anything below the top The plant and tools are of recent patteras for dealing quickly and chaply with worksud i vrature to predict that there are still ensay qud a large stock of material is always on hand (pla) anglos und tali skaitu nii being | daye dhand for the placky holder. So liakoll,, my readersssand 1. address the investor, and. tested by Lloyde'sarenyben),
those who can sen nye to oys with me-will wal- come as much as I dn'the quiet calm that has vidasly existed, when things med at fast that taken the place of the rubbyfrint which pre
THER DOSKS MS Consulently situated in Yokohama Barbour and the attention of Captalas and Owners is suspectfully called to the advantages offered for Docking qnd repairing Vessels and Machinery of avery description,
Two powerful Twis Spraw Towboats are available for taking Vessels for out of 28th July, to M. Dock, mes for saklar Balling Tooquis in or out of the bay. The Houdag derrick is capable
"LUTEOW”..... .....(T. 57,300) Į THURSDAY,
Capt. W. Bartling...ain ».
PRINE WALDEMAR
Cant. F. Iseke... (T°, 6,100) }
SATURDAY,
Fitted with Wireless Telegraphy Naw System of Telefunken.
Tér fürthar Particulars," applyžin
Hongkong, 19th July, 1910.
EYES
of lifting 40 tons.
Steam Launches of Bes) or Wood, Lighters, Staal Baldjags and Roofs, Bridge 13th Ang, Daylight, / Work, and all kinds of Machinery are made on the premises,
Tandam will be made up when required and the workmanship and material will be pesimises, ne woll as optimism ; but, as there
NORDDEUTSCHER LLOYD,
MELOHERU & 00.
GENERAL AGENTS, HONGKONG & SHINA.
Intimations.
RIGHT!
N, LAZARUS, OPHTHALMIC OPTICIAN, CORNER OF D'AQUILAR STREET AND QUEEN'S ROAD
WILL test your eyes free of chargs, and if they are wrong will put them right.
Lastes Groană. Ali Hads of Rapairs, Spectacles for all requirements,
Ask, or welts, for Ulisstrstaš-Booklet pu "Defective Sight"-iros.
LONDON,
Joka Straat, Balford Row, W.. WANA, éth March sand
OSMAN &
17
GALOUITA,
19, Bantinck Straat
SHAMORAL, 566. Nanking Ros'.
16
CASUM,
1 & 8, D'AGUILAR STREET.
سیو
JUST UNPACKED Ladies Trimmed and Untrimmed HATS, RIBBONS, FLOWERS & FEATHERS.
MUSLIN and FIGURED VOILES,.
LACE and EMBROIDERIES a speciality,
TABLE LINENS, SERVIETTES and
HOUSEHOLD LINENS.
Bamples on application.
FURNITURE WAREHOUSE.
LI KWONG LOONG
CABINKY-MAKERIs and Any DugoRATORI, from Shanghal, kas re-opened their FURNITURE STORE
No. 39, DES VŒUR ROAD GENTRAL. The only shop in Honghong with this name
XHERE HIGH-GLASS FURNITURE Wat every description can be made to | order in any design required.
Hava bona ́ patruljed, by the Hongkong. Olub, Hongkong Hotal, Telegraph_00,, Neum, &. S. Watson & Co., Firms and other 1ading Establishments in the Colony, to whom rafarance can be" mada ás të tha: | Suparlor Workmanship and Materials of the
Furniture, &c, supplied. -
Mens. A. S. Watson & Go., Ltd, write as ollow-
•
“Wa kam plasmes in stating that Me: LI KWONG LOONG furnished the Annexe to our Dispensary and garn tii dvory saila- faction
(BL), A. 9. WAYLON 8:00; 15th May, 1891,
ORDERS panctually ✅attandad" toj - and
Const Fort Orders carefully CHARGES mot moderate,
exconted
Hongkong. 6th September, apps,.
AN INSPECTION INY Rasikme. GL Aneva, spot,
BRAIN AND
VETARZO NERVE FOOD.
is This remarkabla compound, the result of the latest developments, and achievements of modern chestiatry,!- pharmacology and thantocuitor, in without squal in all cases of defective wave power, whether induced by worl beer-wark, unhokkiky distala, dim:pation, excess, youthful improtinet, or other influences incidental to the weis and tear and basse or, overmienda of usoderm life. Gleeplessness, tremblinga, palpitation, servons dyspepala, low sodrlin, mental and bodily prostration, nempenalar" and local wragnent, gratis, and servous debility, faulty sutrition, Derealure decar or deficiency of the viled foros, impaired silly, hackaging dreama, satt de urbanite, sudden Startings, vimncse of night, demetier hearing, jowe of memory, liability to performs the various duties of Blay me ta -
Phases of benim and songs exhanales, yes assocmshely combated by this highly scientia preparation of BENCIAN WE Eba vystem generally it give tone to the jer ausad, virves, ASTONČe jil wesliming wEINE AISONETTA, par kommen, dust wastores the falleg energiek, and imparts new life and vigour to erkal hAG NA PROEVEN
- Mansi ty ti pad valueless..
VETARZO
– MOT CAN SEA Marvežionis properties i
for Cafe Blood from will over, cause m IMPLULAR, O CÜhe minulert caplífaries, overcon Ser form met with) rumoring all blotches, Destions, possanese and unsightly patches, ké.
bil legs, bad brigada, abacames, worry, I quickly removes Song-standing “latonchitis,"
The cost of Docking, and repair work, will be found to compare favourably, with that as the bright side of Rubber share prospects, of any port in the world,
A large, modding basin is available alongulde our own works for mooring vessels, whlist | purpose is served. The ordinary pessimistic | under repairs,
Telephons: Mon, 878, 505, or 691-
Telegrams, “Dook, Yokohama,” Qodes A. B. O. 4th and 5th Edt. Idebors, Scotts, A. 1, and Watkins,, Yokohama, April 28th, 1903,
HOYM
No-3
FREE TRIAL.
TRY THE
ROYAL STANDARD
TYPEWRITER
(VISIBLE)
Exa
To Let.
TO LET.
1.1, DẬNTON VILLAS, Kowiona,
A HOUSE la NUTSY Rd Terrage.
Apply to
"THE HONGKONG LAND INVEST. MENT AND AGENCY 00, LD. Hangkang, ret July, ratá.,
[204
TO LET.
SQUARE FEET of LAND. at 25,000 Rowloon (K. M. L. 5t), with roc foot Sex Frontage, and right to ballda Pier, suitable for Coal and or Timber Storage.
For particulars, apply to-
L. M. ALVARES,”---
49. Wyndham Street.......... "Hongkong, 6th May, zgło,
[956.
TO:LET.
a dispassioned kumination of the altciation which.i propose this sticle to be was then out of the question. No one had any use for it
No doubt than was room-end plenty-for
must be resson aven in roasting eggs, so there must be reason. In painting the gloomy as well
and the paloting must be done at an opportune momant, and with discrimination," or au asefal
Honienes that was dished up to the daily Prass wastou puerile for words. It mostly consisted of unstonlablog mixtureofignorance and imaging tlov, such as the rubber worldzevar know before, Such barrowing pictures of the wholesale rnin and devastation that would follow on the first taklly'sarlour set-back wajo portrayed in some of the articles i have come across that, had I been of a vacillating diaposition, I should have fine ished with the feelings of a criminal on whom sentence of a horrible doam had just been paini cd. And all this because, for the most part, the writers used no discrimination 1.
Me
A BIGGER BOOM TO FOLLOW,
|
of a boom which was founded on
nbstantial namely, the intrinsic marit better class of Bangal Coal sharesį.and I think to one conversant with both markets will deur. that the Rubbas boom has laẩultély trinsic marit to go upop thao Bengal bad and that history in the case of the Rab boom will be repeated.
Now, I can Imagine may renders arguing it out to themselves somewhat thos's Admiting that the better class of the Rubber shares are the best shares to hold, still there is a grant deal of pessimism about.” Share valuti cannot go on luorsaking day by day and wiek by weak” without the aberes getting perilously near that point at which they case to be lovestment securtiles and become speculativa countera and, if there be any risk, would It not be better ta walt for the slump, and then to buy the better class share 25
come on the market, átáll, and should the all- round, value of rubber fall by some 58 per lb these rabbers mast altogether disappear from the market, for their price would drop to a figure that would give no margie of profit to the collectors, and the disappearance of these, low-grada rabbers would give another lease of life, tending to prevent the fuer sorts going below a price round about, say, go to 513 and at such a rate what would shares like Linggis bi paying in the way of dividend?
THE STATUS OF GODD SHARTE Now, the answer-the whole answer, and nothing but the answer to this question llen in the fact that there will be no real slump until shara valuas hava passadium rubicon of Invest» ment, and enter the domain of speculation; so let us just sit down to carefully consider.whai ther in buying the better claza of shame at prezant prices we are purchasing lovestment securities. The future of the rubber markat depunds upon the relation between supply and demand, and as long as the price of raw rubber) keepr anything near di per fb there can be so. question as to the low price of shares at any, This Rubber boom is not over yet; we have" || thing like those present quotations: The ques», qoly had the frat instalment. A second and tion we have to consider is, what would happin Iarger boom is to follow, and it is for this tf, say, rubberfall to 44 per 1b, and than again reason that I write today. I want to have a if it fell Tower?" Well, if you look upthe Miami straight talk with thore parsons of small means clog Lano market quotations of raw rubber, you who are dependent for their income on modest will to-day (Juneand) use fins plantarion quoted or 5 per cent, soundiy-secured lovestments, at: 6d, fine Para no 101, and a lot of ball und Now, my advice is, don't be carried away and inferior staff from ga to da per lb. There can be risk your gaitenance in concerns which besitate ao question that it'in simply the high price of not to promise large dividends in a few years | thase inferior rubbers which enables them to on a "nat "delling price of rubber of ga to, 40 a ponad, for such high prices.cannot, In the mature, of things, be indefinitely maintained. The newer companies cannot, and navor will, pay the handsome dividends the present producing companies are declaring, for the life of a rub bar me may be safely emimated at over two generations, and for over a generation it is safe to predict that the yield of a carefully' tipped and well-nourished tree will go on la creasing, so that in the long race the present producing companies will for many yaara mora Wall, anʻ18,000 lbs of rabber produced by' than hold their own, 'Most of the older treas on this company in 1908 and sold at 4s að par lb, the best estates urn giving xyield of over 6 lbs a do per cent, dividend was declared, with a aires à pour, and at present prices showing a cost of mangfacture of about is 48 per 1b. A HOUSE in WowG-NRI-CHONG ROAD. profit of over dom a treat effeurat dette,
This year Linggis look like producings,000,000 No. 4, RIPON TERRACE,
| Meanwhile, thara is a das par boiling for the lbs of rubber (their official under-estimate 'QFFIORS tɔ'YORK BUILDING
next boom, and nu mistake) I know of one is 850,000); the cost of marketing has come Ho, IG, DES VODE ROAD GENTRAL, sportsman, with a reputation out here, who has down in 1909 to about is, and, maki
zxt Floor,
secured some 15,000 acres, with the intention, allowance for 1910, en a 41 per 15 basis, over SEMI-EUROPEAN FLATS, Praya East | | no doubs, of fastlag compsules. He is trying id par lb would be saved in sailing com
comer of Observation Place. The ip pick up managers as best he can, and the ajon alone. Allowing for a normal decrease in Algo: NEW EUROPEAN FLATS ad companies will later as, no doubt, coms out the cost of production as the poundaga par foling the new Basman's Institute, goder drst-class corpices, and the capital will tres incrsasas, I think it may safely be taken Praya Bast
be" large,” for vandors are asking top, prices," that if the price of raw rubber dropped to, say, and company promoters are asking more, and 41 så per lb for igio, this company could put who can blame them? Raw rubber is worth to | mbber on the market at a cost of 10 per lbị so the holder just what he can get for it ; a rubber that the Liegel profit would work out at some- state in worth to the company promoter just thing like 39 ad per ib, against 25 83 not in what he can get for it, and sometimes a bad 1908. Or on an aretage grois selling prich of estate in the early stages of its existence is rubber for igto of 4s ad per Ib Linggit could, thought well of, for Malays is a great distance pay a ays per cent dividend in 1901. Taking te had in many ways. Only a few wasks ago value, prezent invester would be getting from Loodoo, and visiting agent's raport can Llaggi shams as being 325imps their origina)
que manager of regate pablicly called atlap
9 per cent, on his investment, and whe tion to the fact that the opinion given by him considers that at ys 10d per lb a dividar qu en mutals was not given with the full kodw percent, could be declared, giving a retum on fadge-of-all-tha ciresmstances.. Thars it pro« present valuas of nearly no per cenią (63) hably mor in a disclaimer like this than meniu think you can find a share in any othe
the aye. There are other matters for redaction which promises anything like “a similar mhich particularly concern the email as well as ; and especially when it le borne In the big investor, and, first and foremost, should | Liaggis will shortly posstis'n reser bp lay to heart the lessons of previousbooms ZA USEFUL OBJECT LEEKOM.
Cost $185 Little, Last Long. Will 21, CONDUIT RD, CLIFTON GARDENI.
Always Give Batista
PHONE No. 482 and the machine
will be at your office for free trial.
Hepair to any Make of
"WRITERS,
GRAMAPHONES,
מוע,
SEWING MACHINES,
48peciality. Satisfaction Guaranteed.
MOTOR CARS, BICYCLES and
TYPEWRITERS
FOR HIRE.
DRAGON CYCLE
DEPOT
DES VEUX ANAD
Dentistry
Dr. M. H. CHAUN, DENTAL SURGEON,
3% QUEEN'S ROAD CENTRAL, 187 FLOOR, ROOME und ja
From the University of Pennsylvania, U.8.A'
Telephone 136. Hongkong, 37th January, 1919.
GODOWNS, 151 15 155, Praya XAST, OFFICES, No. 8, Connaught Road,
And Floor.
Trams stops at the door.
Apply to--
THE HONGKONG LANG INVEST MENT & AGENCY OG, LD: Kimmobary, 1gh July, 1017
TO LET
To
IVICA ROAD SENDIS los TH No. 5, QUEEN'S ROAD GENTRÁL, Ofices,
ONE GODOWN la MASONS LANE,
Apply to
DAVID SASSOON &.00. LE. Hongkong, 4th April, 1910.
TO LET.
IST SEPTEMBER-BOWEN ROAD.
TESTERNĚ BLOCK. of DWELLING
WHOUSES AS Present occupled us Artillagy Officer's Quartern, «
Soitable for Bouilling Hosen.
[Apply— |
THE HONGKONG LAND INVEST. WENTBAGENCY 00%, LD,
- Hongkong, 1st July, inro,
Apply 10 m
TO LET.
4. JA, DUDDELL, ÖTREET
.... THE HONGKONG LAND INVEST. SAMENT & AGENCY CO., LD.
HUNG ON & 00. SHOW ROOM AND STORE: the Prozalans formerly occupied by
19A QUEENE ROAD CENTRAL
GENERAL UPHOLSTERERS AND
17 U TURNITURE
IMPORTERE AND DRALEER.
||
|
nasriy 1370,000; made up as foller Vaine of 43,000 Kamaving B Hy previous sale of 60,000 : Cash racalved from Kamanlög o
- I wili give you's thumb-sall history of ons: imely, the Indian cosi boom of 1907, Japan, stopped the exportation of coal Indian coal | was called on to All the gap.: Coal, donbied. in || price; so and roo per cent dividends followed ; abyre values followed dividends. · Kbus herria shares, just to give con instance, went op from R$14.8 to R174. In sightien months new.com pany after saw company came, pot; tha; shares considerably below 21 per 1b, so that, as far, an
From which a further considambla revan can be expected and note that before the yatage price of rubber for 19ia could work out so, the price of new rubber from now on wards to the end of the year, would have to be
a
of each Immediately golug to substantial pre- this year's production alass is concerned, pros
sent investors in miums, and Calcatii went mad on coali in
the saying is th those stirring times there were many warning,
to my Dext article I will farbat da. Je but "Cost is an aitolate necessity" was the prospects of this and some 40 other compani raply
!! look at the sallway expansion | look at with rubber in the future selling at in 64 për Ib Jhe sen, borre, trade, all, wasting osales The Ross, equal to a willing this for det känd Fath vital polet of the suspension of the Japanese ofte 3d parthi and is ill who with rubber
this ridiculously low price that the ssport was obscured-in the daily increase of these companies are as sound as Co share values and in the raih la barrow, money pronilse many times the patora.—A ZASE| and ObİNİN DEw, Cosi, shares
bbítlan) of the export. ithdnewa, and
me tumbli
host of the new,
EMENT
BAY, BYGULLZ
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