1910-07-27 — Page 5

BRITISHĀ ENTERPRISE. IN OIL

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THE HONGKONG TELEGRAPH WEDNESDAY JULY 27 1910

in the oil industry there is abdoubtedly an applearly conspicuous section, consisting of promoters, concession-mongers and share manipulators, whose misdirected energy is oc casionally only too successful. The public have a glimmering idra that this is so, and many are disposed to tar everything with the same brosb, As a'consequence, a great many really golden opportunities are lost.

EXPANDING MARKETS. MOMENTOUS CHANGES WHICH WILL `STIMULATE"THE PETROLEUM INDUSTRY.

One of the features in the'Of Share Market In the very sectional character of public in- vestment. As yol, the average investor-the -term is not an exact one, but it may serve

Without entering into particulars concerning has hardly begun to think about "Investing In the shares of companies whose object is the principai petroleum fields of the world, ode petroleum exploitation, and the shares of oll.may say there ata numerous compantas opora- compania gored on the London Exchar ga are ling'at this present day that have a migoificent only bou,ht and dealt in by'n limited num- prospect before thom. The work on which thay bir of isvastors, and-operators. So that the have embarked has no roja? road to success and their path is certain to, ravaal unexpected ob mukat, is confined to narrow limits.

The butlook for oll enterprise, however, is stacles and difficulties of greater or less serious-, Lesa bat... admitting that cil_mining_is_work. undoubtedly gand at the present time, not. › withstanding ine low prices at which crude oil which always, even under the best conditions and its products" are now being sold. · As to dors carry certain peculiar risks, there is a wide the demand for crude and the prices at which choico ol'undertakings whose position is suf- "the several descriptiona can be bought,-it-may-}-ciently good to attract even the cautions invas».

be noted that anything ppreaching unifor. mity is, of secessity, out of the question.' 'Tha price of crude oil is certain to vary, and to vary very considerably, for two distinct realots, it not more, There is the local supply and dè- mand, and the world's supply and demand, It is hardly necessary to say that when on a given field some big well is brought in which | affords a great adlilon to the local stock of petroleum The market for some distance around is apt to be abrup:ly depressed. Indeed, there have been cess when the price of crude in auch circumstances bas become 'a mlevi quaa. I tity, the difficulty being to avoid the damage and inconvenience caused by, literally, a flood of oil. In the markets of the world the price ol crade varies according to the particular quality of the product and the incidence of the distribution and marketing,

ior. Some of those companies offer an Üstür- nce of substantial profit, with perbapa lass un. foreseeabla risks than thoas connected with the mining of minerals of any other kind under the most favourable conditions.

NEW USES FOR PETROLEUM,

COMMERCIAL

Re: July 17th, 3 p.m. / The following quotations for rubber shares, by wire, are supplied by Matr. E. S. Kadoorte & Co.

Os the marketing side of the business the scopa which is opening up for petroleum in so extended and applies to such an immense variety of purposes that it is well-nigh impos- |«'. sible to exhaust the subject, even if it were reduced to schedule form. Detrimental as the competition in both crude and refined oil still is, this'much may be said—that in the refining basinest the keenness with which different in Lorests have sought to extend their operations to create and to nurse any likely market bas undoubtedly helped to the solution of miny manufacturing problems, and carried forward the work of applying the products to a As has been frequently pointed out, the glut number of new user and applications. Taking of oil in California, though at con time present.

evon she elemental question of fuel, there can ing threatening uapters to the producing combe so mander of doubt that, should it turn panica, has been largely overcome by the out that clude oil can be produced in suficient energetic way in which markete bave been qualities to to any way set the demand- found for it as fuel, bath on lard and at sea, The low price of crude petralevin at the p asent and the evidence is accumulating that that will bappen-ibe toiure use of crude, not only as moment is rather a bull point is the pri+pects tool in fornaces, but as fuel in internal combus- of the industry. It has brought home the faction engines; is almost beyond imagination

EXPANDING MARKETS FOR OIL

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of engines expressly for the use of heavy oils to the heat advantage is being pushed forward in a very remarkable way, in the opinion of many engineering exparts,, the oil-engine will, in the nose future, displace the steam cogica for all the principal purposes for which, the latter is used. Already, in connection with the electrical industry, oil-engines have estab fished a firm position, and have fully justified their introduction.

in the most canvincing of all ways to (boutands certain engineering directions the building of consumers, and thousands more of possible consumers, that the quantity of petroleum in the world actually woo and available is quite unpre cedented-ibat the supply can be drawn from such a wide area and from sources to entirely Independent of each other that be permanence" of the supply is tabaschied upas with much more confidence thin has ever been the case in the past. We see the result of all this in the use of oil as fuel on a constantly ascending scale, representing values far beyond anything which has ever beca.seen before, and still expanding at a rapid rate from year to year. J'oth in Mid Europe and in North America great rail way systems are being run mainly on oil-fuel more efficiently, more exily and more econo. mically than they could possibly be operated with any other kind of fuel, including even the very best coul.

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MANUFACTURED PRODUCTS.

Concerning the mapulactured products, from - patrol down to residues, the position in alto

gelber a different oce ned, it most be ad- mited, not altogether quite so satisfactory from the producer's point of view. Just re- cantly there seems to have been an impression on the London Stock Exchange that the price of petrol has been raised independent of the British duty under the last Finance Bill, This, however, is not the case. The price of petrol to the consumer has if course been increased, As was necessary in the circumstances, but, apart from the doly, so far from the price being raised, it bos, if anything, been slightly eated as compared with the quotations before the new impost came into forer. It is pretty generally admited that there is considerable difficulty in producing porro under normal conditions, with the markets at their present lival, to show any appreciable profit, and a great many refineries are being sun on an un- remunerative basis, merely because the are of competition is so great that there is no al ternative between (perating the plant to just cover expenses or shutting down altogether, But this state of affairs brings in a whole host of questions connected with the rivalry of the different interests in, the Tride, which are essentiaily spart from the oil mining industry

Allegat.................. Anglo-Javason) ---Angio-Malays...

Batu Tiga 136525 1904 19

.6/6 Tia 15

Bakit Kajangs (pP.) :............................................53/« Bakit Rajahsunimosun vrai 'Cardy Uniteds................................................ 25/- prom. Casilefields ...................................................110/- Ubangkat Serdangs .................$14 „Obores (part. pald).............

$23. $26

Do. (fully paid).......... ...... Damansara....................................................................167/6 "Eastern Internationals ......38ƒ» prem.

Fed.. Selangor).........AUTODALA.

Glansbiols nimeta ** Golcondas anés Golden Hopes...encar Highlands and Lowlands'.........20/- Indragiris ä:525

Janglanders...............amage *** Kamionings '............................................ 6/6 prem. Kuala Lumpers

Lanadrona (fully paid) .....................n **

• Labadrons (ppd.)

··Ledburys ...rabber 29/098-99

Lloggis................... London Asiatics..... London Ventures.................. Merlinsani

Bafe

17/3

Pajams .............................. Pegohs.............................................38ĥ ' Rabber Trust...........................+35/- prem. Sagga ginananana330/+ Sandycrofts....$35 com div.

Sapongs riistarata19142800

·Seafield............... Setongs.AVAITE *****31/6 prem. Shelfords

Singapore & Jabores ................................516 Sumatra Paras "............................... m.1ţf- Sangel Chobiasrontuarimsargia115Į“. Sungel Kapare somer16/3 Tandjong......... 50/- pram, Tengkabs.......................................22/6 prein. Toerangie ..............m............. . 3/- prem.. Ula Renta United Serdange ...............

United Singapores.

United Sumatras

Doited Lingkati

......126'

.51

.85).

Para Rubbét............a se momäuning9/5

DIVIDENDS AND REPORTS,

Penang, July 20

A special London cable states that the Frye Rubber estate' has declared a dividend of ten per cent.

The Eastern International Trust declares a two shilling dividend, writes. off preliminary expenses and carries forward £16,427, **(8

Vallambrosa report states that ite rabber. fetched an average of 8/34 and was produced at a cost of zijd par pound.

The profit for the year was £136,984. There carried forward £15,67 3- -

The estimate of this year's crop is 425,600 lbs.

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VALUABLE CARGO SEIZED.

The feeling of electrical engineers' on that subject has entirely changed during tha lani decade, and the douber"which formerly pre- vailed as to the reliability and suitability of internal combustion engiuos for electrical power purposes have practically disappeared. in numerous other directions. oil-cogidos of great power, uning into thousands of borss- power, re now in regular use, and giving entire satisfaction, where only a few years ago no

bing but a steam enginn would have been considered for a moment. Not only that, bai we are at the beginning of a period when in ternal coinbustion engines will displaco steam for locomotive power on railways. The experils mental stage in this direction is well-nigh over. In this country the 'few oil-motors actually in use on railway cars, though they are believed to have been quite successful, are of small power, but on the Continent railway, traine are FALSE DECLARATION OF WEIGHT. being regularly worked with, ail-motors, lo corjanction with an electric drive. This system Chinese merchant of Iloile whose shipment of Papers in the case of Lam Song Wao. ■ is practically certain to make headway, and P10,000 worth of rice, salt and soap was con when the general adoption of oil in this con-

fiscated at that port, have reached Collector of nection takes place it will involve a mechanical Customs McCoy from Edward C. Crick, acting revolution of, prodigious importance. In

collector at Iloilo, says the Manila Zimos, short, the world's demand for petroleum in all its varied forms is certau to expand have been watching certain Chinese firms in For several months the customs authorities id Guicely, always providing that the

Hollo who, have been suspected of systema world's supply will remain at least, for s autically falsifylog values and weight on ship ber of year-a sufficient number feari-

ments received at that port, adequate and reliable. On that point there are still di erga t opinions, put the great' majority of oil man who have had the best opponunities of forming a trustworthy opinion hold to the belief that the deposits of petrolcum adapted for commercial exploitation yet to be found will put into the shade everything which has yet been discovered. If this proves to be true, it may be assomed that, within the boundarici THE IMPORTANCE OF PERSONNEL of the British Empire there are petroleum When a newly-found oil deposit is taken in deposits of extent which it is impossible hand by a group of companies, and more of even te guess at, but which will figure largely less, successfully exploited, the question of the in the futore as the basis of world-wide iadus. exact price which may, be obtained for the oilries, and conduce fumeosely to the economic

· is, after all, of eccondary importance, lo away, development of the Empire. there is a certain comparison between the finding of oil and the finding of the precious The facts 'hero' pricfly alluded to may well metals. If they can be found in quantities is be studied with some attention by British in ground of sufficient richoest, the owners of the vestors. And it is a position where procr mine need zat warry overmuch as to fuciusastination may be fatal. Among the ander tloss le market price. The one great thing is taklogs shares in which can at the present to find the oil, of decent quality and in suffici memost be bought at a comparatively low Ogoro ant quantity. Apd in this matter the conditions are those which may, in the course of the next under which oll enterprises are now started. and get to wo k-ure very different from what they were in the early days. Although even ya! the most expert oil geologists may be deceived as to appearances, it is sow comparatively easy to effectually test an alleged oilfield, and if the deposit is there to get to it quickly, and sako

as such.

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WORLD WIDE ACTIVITY.

12 months, be in a very different position. The activity going on in every coalinent is most nolable. In the States one just bears that on the Eastern petroleum field the returas indi- cate the greatest number of complations 16- corded an far this year. In West Virginia the record has been broken in the way of develop-

all needful precautions in the way of storage ment work, and high expectations are en and transport. 50 that on the pioneer side ofcouraged by the remarkable strikes of oil in the subject one may say with confidence that Louisiana. Although in Calitorais there bas risks are being reduced, and the chances of been a rapid increase in stocks as a result of downright disaster occurring to any well, the enormour outpat, and the storage is now managed company are substantially less than to be as anxiety as to obtaining a market, and approximately 25,000,000 barrels, there appeara - was the casu only ɛn very low yanis ago. In storage facilities am being fast extended. On considering the question of whether a given oil this side of the world the exploitation of the 'proposition is worth Chasidering as an loveit. Kessian deposits is being pushed forward with ment by the antilder, a great deal depends op. great vigour, and it appears cartalo that the on an adequate acquaintncca with the personal natpat will grow your by year for an indefalls period. in our own Colonies an immense

of the company. This is one of the points ; amount of work is being done, and in mors „sehera, the investor is as yet more efien than than one case with the most hopeful rezulta: nocholte in the dark. But the facilities which | Akogether, there was never a time when there now exist are such that any would-be investor was such activity in the search for, and, the lu Oji akurái cao, as a matter of fact, acquaistexploitation of patroleum deposits. Gense- himself without much difficulty. "It is, al' the more maceminar to bear this, in mind,

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quently, it follows that the opportunities for. discreet investments are numerong, but the ad. Jaciire must be insisted upon,➡Zãe Financierd

For a long period these firms have just kapt withis the faw, and have declared weights that have been only really 8 or 9 per cent more than the scales showed.

The law which will allow confication pre- scribes that confiscation can only be made where the weights of values are at least 10 per❘ cant more than the declared amounts,

Today's Advertisements.

·BANK HOLIDAY.

IN accordance with Ordinance No. 6. of 1875, the EXCHANGE BANKS will be CLOSED for tha, Transaction of Public Busi- nets on MONDAY, 1st August, Hongkong, 25th July, Foro,

*507

IN THE MATTER OF THE COMPANIES.

ORDINANCE, 1865,

AND

IN THE MATTER OF THE VIENNA CAFE CO., LTD. (In Liquidation).

DIVIDEND OF $17 PER CENT.'

Today's Advertisentents.

BY-ORDER OF THE MORTGAGEE.

PUBLIC AUCTION.

MR. GRO. P. LAMMERT has received

instructions.to sail by:

PUBLIC AUCTION,

THURSDAY,

the trth day of August, 1910, at 3" o'clock in the afteroon, at bis Sale Room in, Daddell Street, Victoria,'

Hongkong,

THE FOLLOWING

VALUABLE LEASEHOLD PROPERTY, situata at Victorin aforesaid, vis, 1 ALL THAT PIECE or PARCEL of GROUND situata st. Victoria aforesaid re- gistered in the Land Uffice as INLAND LOT

[OTICE is hemby given that a First and NOTE Dont Siz per cent, has been declared in this matter, and that the same DAY be received at the Office of Menir. LOWE | BINGHAM & MATTHEWS, St. George's - Building, Hoogkong, on the 3rd day of August, || No. 107-Together with the massuagos thereon 1010, or any mobsequant data batween the known as Nos. 39, 41, 43, 45′′and 47, Holly. hour of 30 a.m. to `t ră. Un applying for | wood Road and Nos, 48, 50, 53, 54, 56, 58. payment Creditors must produce the NOTICE 60 and 62, Lyndhurst Ferrace. Area 9,814 posted to them trguther with Security held by square'feet. Term 999 yours from 1th May, them (if any).

1852, Annual Crown rent £ış.

ĶA Stafèment, showing the amount available for Unsecured Creditors has been posted, to those Creditors whose claims have been admitted.

A. R. LOWE, G.Aq Liquidator. Hongkong, 27th July, foro.

1505

-INDO-CHINA STEAM NAVIGATION

COMPANY, LIMITED. «

FROM CALCUTTA, PENANG AND SINGAPORE

THE Company's Steamship

זין

"LAISANG,"

having arrived from the above Ports, Consignees of Cargo by her are hereby informed that their Goods will be delivered from alongside,

Cargo, impeding the discharge or remaining on board after 4.P.4, the 19th inst., will be lauded at Consignne's risk and expense. No Fire Insurance will be effected. Bills of Lading will be countersigned by

JARDINE, MATHESON & Co., LD,

General Managers. Hongkong, 27th Inly, 1910

FROM EUROPE,

THE H. A. L. Steamship

(8

|

*SAXONIA,” Captain Bhie, having arrived. Consignees of Cargo are hereby informed that their goods are being landed and placed at their risk in the hazardous and/or extrav hazardous Godowns of the Hongkong and

| Kowinon Wharf and Godown Company, Limited, wheace delivery may be obtained against Bills-of-Lading countersigned by tha Undersigned.

Optional Cargo will be carried on unless no- tice to the contrary be given before TO-DAY. All Claims must be presented within tan days of the steamer's arrival..bern, after which

date they cannot be recognised.

No Claims will be admitted after the Goods have left the Godowns, and all Goods remain. ing undelivered after the and August, will be subject to reál

All broken, chafed, and damaged Goodt are to be left in the Godowns, where thay will be examined on the 2nd August, at 3 P.M.

No Fire Insurance, will be effected by us in any case whatever.

THIS STEAMER BRINGS ON CARGO Ex 1.1. Pennsylvania from New York,

..Bines from Setubal,

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Frits from S'a tio, Käti

HAMBURG-AMERIKA LINIE. Hongkong Office. Hongkong, 27th July, 1990,

"KING OF THE SODIH SBAS

MR. II WALHALEN MISSING

[506

The Purchaser of the property can obtain an advanca na Mortgage thereof to the extent of $100,000 on application to Messe Johnson, Stokes and Master, the Vendor's Solicitor,"

For farther particulars and conditions of sila, apply to

Mesara, JOHNSON, STOKES & MASTER,

Prince's Buildings, Ice Home Strast, Solicitors for the Vondur,

or to

Mr. GEO. P. LAMMERT, the Auctioneer.

· Hongkong, 17th July, 1915.

(509

AMERICAN AND ORIENTAL LINE

NOTICE TO CONSIGNEES.

5.5. "WELSH PRINCE" "" FROM NEW YORK.

“ONSIGNEES of Cargo by the above named vessel are hereby informed that all Goods are being landed at their risk into the hazardous and/or extra hazardous Godowns of the Hongkong and Kowloon Wharf and Godown Co., Limited, Kowloon, whence de- fivery may be obtained.

ali brozan, chafed, and damaged Goods are to be tail in the Godowns, where they will be

examined on and August, at 230, P.M.

No Claims will be admitted after the Goods have left the Godowns, and all Goods remain- ng undelivered after the and Augast, will be subject to rent,

All - Claims against the Steamer must be presented to the Undersigned on or before the Õth August, or they will not be recognised,

No Fire Insurance has been effected.

ARNHOLD KARBERG & Co.

Agentu Hongkong, 27th July, igo,

1508

NORDDEUTSCHER LLOYD, BREMEN, IMPERIAL GERMAN MAIL LINE.

NOTICE TO CONSIGNEES.

THE Geamship

"PRINZ LUDWIG,". having arrived, Consignees of Cargo are bareby Informed that their Goods, with the exception ‚of Oplum, Trexsore and Valuables, are being landed and stored at their risk into the hazardoui and/or extra hazardous Godowas of the Hong.

Intimations.

KIDNEYS.

AUSTRALIAN SHEEP'S

KIDNEYS

at 60 cents per dos.

THE

DAIRY FARM (CO.,

LIMITED.

The "ABAHI" Braway ja situated near

the "SUITA SPRINGS”...) These Celebrated araturn new stand'In the amazifaciare at er bears.

Parity gümanland.

Not Price Listeni

"ASAHI" & "SAPPORO”

perouse & dougla

$12.00

percase do pie, $13.50

To be obtalced at all Rotulinis.

t

BRITISH-FOREIGN IMPORT &

TEXPORT COMPANY, Central Build ings, Liverpool, England, is prepared to cele Consignments of Local Produce on

best terms.

HINA

THE

PROVIDENT · LOAN AND MORTGAGE 00., LD.

(UAPITAL PAID D# ..................$1,150,000)

Loans on Mortgage of House Property, &c. Goods received on Storage.

Adrancus made on Merchandise.

Loans made on the Providant System.

(Rates and Particulars on application).

THE OFFICE OF TRUSTEE, EXEGUTOR OF WILLÜ,

ATTORNEY, KE, ( Undertakes and Kxecuted.

SHEWAN, TOMES & 40,

General Managers.

*

Anagrong, sath March, real.'

SAVE YOUR HEALTH

kong and Kowloon Whan and Godown Com a drinking the chipset and mɔst pany, Limited, at Kowloon, and West Point Godowas, whence delivery may be obtained.

No Claims will be admitted after the Goods have left the Godowns, and all Goods remalo, ing undelivered after the and of August, will be subject to rent

All broken, chafod, and damaged Goods ait co ba left in the Godówas, where they will be examined on the and of August, at 9.37 AM.

All Claims must reach us before the 6th of August, 1910, or they will not be recognized.

No Fire Insurance will be effected. Bill of Lading will be conntamigned by the Undersigned.

The Cablenews, American al 24th inst says :- Thosteamship Price Waldemar which arrived. yesterday brought the news of the disappear. ance of Heory Walbales of Maron, Hermit

early last Juse in a small sailing vessel together. Esfands. It appears that Mr. Walbalen left

with four other Germant and about Efteen natives for the purpose of exploring the neigh bouring smaller islands for phosphate deposits. At the time the Prine Waldemar called

at Maron, on July 14, Waibalen's secre tary, fearing thi

an accident bad to. fallen, the "p ny, requested the captain of the steamer to call at some of the islands en route to Yap to ascertain the whereabouts of the party.

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Inquiry at Davour island showed that Alter ibo seizure la this cais, which virtually Welhalan and his party had left there on june amounts to a fiço, elaven Chinesa firms in Ilo- 13 for Allison island. At the latter place the to went voluntarily to the customs authorities natives said that nothing had been seen of them and admitted that they had falsified wõights | there. and values of all their ship'nents that had ar- rived on the steamer Haiphong,

Chief Wilson, of tam nervice bureau of the customs at Manila, and Mr. Cook, special ens toms agent, are now in Iloilo investigating charges brought against the 'is fimt and other cases of a similar maturo that have been under investigation at that report.

Events Coming.

י.

Wednesday, 27th July. Band Concert, Public Gardens, 9 pm.

Friday, 29th July, Auction sale, valuable, leasehold property, Hughes and Hough, 3 pint.

Saturday, 30th July. Wm, Powel's mențing, at nooR.

Monday, 1st August. Bank hollday,

Tuesday, and August. Land Sale of Crown land Macdonnell Road, at P.W.D., 3 p.m.

Wednesday, grd August, 'Meeting, Licensing Board, 2.15 pm.

Thursday, 4th Augart' Legislative Council meeting, 2.30 pm

Saturday, 6th August. Gymkkina, Race Conne, wur

I

Rudolph Walbales, at present in Europe, was notified by cable from Yap, as it is feared that an accident has occurred to the schooner and hope | is practically abandoped of their being found. Er. Rudolph Waibales is the owner of the Hermit Island and in fact of aeg islands in the South Seas of which the principal Indus. try is copra. Just before leaving for Europe recently he consummated the purchase of the Forsyth family interests in the South Seas for price in the neighbourhood of a million dollars. He may be said to be entitled the "King of the South Seas"

IHK OKIUM TRADE.

NEXT YEAR'S SALES, “

Simia, July 1.

It is notified that (4) in the cxiandar your 1911 not porn thing 31,440 chests of Bengal opium will be offered for sale and not moro Ibán 2,530 chests in each mouth of the your: `(2) that of the quantity to be offáred for sale each month, not more than 1,350 chasts will be Benares ́oplum and not more 1,250 chests, Patna opium; (3) that no reduction will be made in these qkantities without p avióna'motica. ........

Simis, July 3

No further newa has bsan' received from home regarding the opium situation in Obina, Negotiations are proceeding, but no conclusion, kar þeen ranched. The next sals fixed for the 6th instant-will take place na usual: and the › Tuesday, 9th Augu}], [ Hoogkong, Canton and Macao Steamboat | Government of India hara no intention to Cafe kalf-yearly mosting, so44.

THIS STEAMER BRINGS CARGO Ex 5.5. Calote from Venice.

Cabo Pass from Sevilla Transhipped at Port Said.

H

NORDDEUTSCHER LLOYD,

MELCHERS & Co., 'General Agents.

Hongkong. 26th Jäly, rea

agreeable Table Mineral Water

"COUZAN GATIER" approved by the French Faculty of Medicine.

Large Bottles Germain50.30 ·

Dorsaam. 32s Case go Bottles.......

Во

・19

SOLE AGENTS :·

“FRENCH STORE” Hauskone, 18th July, 1910,

"KING EDWARD VII." WHISKY.

This Whisky is from the Distil lera Company, Limited, of Scotland, and is one of their most famous

Branda.

The Whiskies of the Distillers Company, Limited, are noted

the World over for their superior quality, and for their mellowacen and maturity.

SOLE AGENTS,

H. PRICE & COMPANY LTD.

No 135

12, Queen's Road Central,

Hongkong

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