10.
THE GOLD-HOARDING BANKS.
THE HONKONG TELEGRAPH, MONDJAY JULY 20, J
immediate coases of difficulty aro so peculiar that it is necessary to speak with much reserve, For some months, what was thought!
POST OFFICE
MAILS DUB. * :
The Kanchow, with the Mails from Lon to be a strong bear movement don (via Biberia), of Tuesday and Wednes Phases of the European Situation. has been going on against the day, the 30th ult, and ist inat., is due to
French Credit banks-the institu-arrive here on Wednesday, the 22nd inst.
The Siberia, with the American Mall, in tions which, for many years, have due to arrive here on Saturday, the 25th had a great part of the "country's Inst. commercial discounting business, still greater part of the deposits of the French savings, and the Siberias, Kanobow, 22nd Inst. greatest share in placing French American, Siberia, 23th inst. investments. Such a movement in ordinary times would soarcely go beyond Bourse limits; but it
"
+
is not so now.
inst., 8 a.m.
8.1.
p.m.
The complaint is, first, of the large advances made by these banks to Balkan and other coun tries in immediate need of money, on belief in their ability to float Swatow-PorHAITAN, 21st inst., 10 a.m: in the Paris market loans which
SHIPPING NEWS...
ARRIVED.
Anhui, Br., 1,335. Esdy, 20th instant- Bhangbal, 16th inst., Gen.-B. & 3.
Atreus, Br. a. 1,290, J.' N. Williamson,
19th-Inst.Shanghai, 15th inst.;-- Gon.-B. & 8. Dalgi Maru, Jap. s. 847, S.Tokushige, 20th inst-Swalow, 19th instant, Gon-O. 9. E Drufar, Norw, 2.s. 1,102, J. Bing, 19th inst. Hothow, 17th inst, Gen.-C. 8. 9.
N. Co.
Eiger,
WEATHER REPORT.
On the 90th at 11.30-Pressure has increased moderately over Tongking, the depression, having led up: The Japanese depression has passed into the Paolds.
A trough of relatively low pressure stretches from the Macclesfelds to the east of Luzon.
Hongkong Rainfall for the 24 hours mdlog at 10a.m. to-day, 0.00 inches.
FORECAST FOR THE 24 HOURS
ENDING AT NOON TO-MORROW.
District.
Forecast.
Norw... 875, E. Fingaison, 18th 1 Hongkong and Neighbour moderate:
inst.--Dalny, 12th inst., Beans & Bean oil-Chinese. Heitas, Br. 28. 1,183, J. W. Evans, 20th
Inet-Batow, 19th inst, Gen- D. L. & Co. Hongkong, Fr. i 742, Marguerite, 18th Just Haiphong, 16th Intt,, Gen:
A. R. Marty.
hood..
2 Formosa Channel...
MAIL STEAMERS
THE PENINSULAR AND ORIENTAL S. N. CO. ENGLISH MAIL.
WILL despatch VESSELS to the Undermentioned PORTS on oi
about the DATES named -
For
Steamers
WERP via Singa- ] Nagoya
pore, Penang, Capt. W. H. Sweny
Umbo, Port Said, R.N.R.
To Sail On Remarks
about
Freight
[22nd July. [& P'engo
Freight
about
| E. winds,
LONDON & ANT-
fair to .....showery.
& Marseilles
N.E. winda, moderate.
SHANGHA 1,
MOJI, AND
KOBE Malta
HAMA...................
R.N.R.
Delta
Capt. W. R. Lemate
R.N.R.
about 30th July.
Freight
& P'ango
noon
Freight
1st Aug
&Page
would in a very short time reim-1BETA uk,Vancouver, Canaupah, Br. Ls. A. Tucker, 18th instant-3 South coast of China be-) The same
INDIA, 21st Inst. 11 a.m.
Paris, Mar 28-To-day's Bank of France report, showing $8,100,000 gain in its gold re- parve during the week. makes a total increase of $17,000,000 during the month of May, and of $96,000,000 during the twelve
MAILS CLOSE TO-MORROW. past months. The Bank's gold
Fort Bayard. Per CHONGVA. Slat reserve is now at the maximum of its history. The increase may
Bangkok-Per BOILEFOS, Clet inst., 10 continue, for it is taken. for
Philippine In-Por TEAN, 21st July, 3 Fooohow-Par HAICHING, Amoy, and granted that, under existing
Bist July.10 mt. citoumstances, New York will continue to give up gold as long
Shanghai & N. Chlas, Japan as our Bank is willing to pay the
United States, 8. Ameri- price.
The Bank of France never burse them for such advances.ca, via San Francisco (Europe Fer E. OF publishes the details of its private Bat French interior politics have Tis Siberia) --- business; but it is commonly so far prevented any of those
loans which were to cover the Swatow, that it is not paying suy thought higher premium than in former "advances, and the funds of the purobases which is interest in banks are consequently tied up. transit. Those who watch the A further fact is that someone gold movement say that the Bank must be spending literally im moderates its purchases in New mense sums of money in scatter York whenever a loss of golding over all France printed attacks "might so affect that market as to on these French banks. This react on London. But there is no goes beyond any possible bear ides that the Bank of France, or, movement, presumably, the Banks of Ger-Muckrakers" of Paris Finance. The usually calm financial many and Russia, are going to let up in their bids for all gold avail editor of the authoritative Tempe able. The Bank of France has doas not hesitate to say this lately, indeed, and for the first time week: "Lat the shareholders and in a considerable period, bzen depositors ask themselves whether taking English sovereigns and this campaign against French American eagles in default of bar banks ie not part of a plan of our foreign rivale, who, after trying gold,
very uselessly to excite popular opinion among us against the
Why the Banks are Hoarding Gold...
Every market je seking why
1
theso Banks are ing up such formidable gold reserves. The general answer is, that these three Benks are responsible for the finances of the European Continent in peace and in war; and although the war scare'is not now much in evid ence, yet the show of increasing-1 replaces
armamenta
Solgon, Rice---B, & 9. Kalfang, Br... 987, If Mathias, 20th
Inst-Holbow, 19th inst., Gen. B. & S.
Amoy, Formos via Tamsul Kumsang, Br. s. 2,077, F. Wheeler, 18th
For DAIGI MARU; Sist inst.,
Inst-Moj), 19th Inst. Gen.) 1 p.m.
M. & Co. Calcutta-Porwangtah, Chinese, 1.536, Sangster, 18th Esraits Indiù via
KUTSANG, Shit July, 1 p.m. (
fast-Shangbai, 6th inst., Gen.- Straits-Per PREUSSEN, Sist inst. p.m
C. M.S. N. Co.
WEDNESDAY, 22nd July. Holhow, Halphong & Pakhoi---For KAI-
FONG, 22nd inst.. 8 'n.m. Shanghai & N. China-Par CHOYBANC,
22nd inst., 10 a.m. Swatow-Per KAIMUN 22nd St., 10a.m Bandakan-Per HINSANO, 22nd inst., 10 Haiphong & Pakhol-Por HANOI, 23ad
int 10.a.m. Straits, Batavia, Choribon, Samurang & Sourabaya-Per BANRI M., 22nd inst., 11 a.m.
Ameri-
сап
6.M.
Formosa via Keelung, Shaug, hai, North China, Japan via Nagasaki, Victoria Tacoma-CANADA MARU, 22nd, inst.. 3 p.m.
THURSDAY, 23rd July,
Mathilde, Gor... 981, Schlatkinr. 20th lark-Haihow, 19th inst.. Con- J. & Co. Senegambia, Ger. a.s. -3,789, Mackeprag,
1
tween H.K. and Lamooks 3"Bouth coast of Chins be- tween H.K. and Hainan...
TOKO-Capt. G. W. Cookman (2nd July. & Psage
as No. 1. Theme SHANGHAI...................
as No. 1.-
China Coast Meteorological Register. «.
Station.
20th July, a.m.
Winds
Four.
Barometer.
Temperature.
Humid3y.
Weather.
D'tion.
Force.
$1
20.74 70
"Ga
29.81
"
29.73
29.77
29.78
29.84
20.86
29.89
29.69
20.88
29.89
19th inst-Singapore, lith last wostook 75 Gen.-H. A. L.
Nemuro Shanghai, 17th inst, Gen H. Tokio Preussen, Gez. 8:1.5,182, Lubeke, 20th inst: Hakodate
A. L.
Koobi Shachsing. Br... 1.307, Tusbben, 19th Nagasaki
Inst.-Bhanghai, 16th Inst., Gan Kegima Oshima -9. & S. Solan Mard, Jap... 1,119. Haitari, 20th Nahs
Just-Swalew, 19th inat.. Gen. Tabi'jima Bonin I. 0.8. K.
Chatoo Tarabu Maru, Jap. s 3,803, 8. Nagasuyo, Whalwel
10thipat Seattle, Gen.--NY.K. Hakow Triumph, Ger Laugschwager. 20th Iehang
ihat. Hoihow, 19th inst., Gen. Kluklang Changaha J. & Co.
Shanghai
Three Years Arms law, would Wel-below landow. Nous, ar Werang, Bratov, 11th Foot, doll- 35. Coinag
Holbow,
now dry up our
well- springs by casting irreparable discredit on our deposit banks." This may seem puerile to foreign- ers, but when so much money is being spent on such a campaign conjecture necessarily takes wide 28 range.
The Ginancial editor of the
& Siberian
anki, Honolulu, United Staten, South America and Canada via
w
4.bc
LONDON, via Ue-] Devanha
'nal Ports of Call Capt. W. R. Hickoy
All the above steamers are flited with Wireless Telegraphy,
E A. Hewatt,
For Freight or Passage, apply to
P. & O. S. N. Co.'s office,
Hongkong, 20th July, 1914
Superintendent.
NORDDEUTSCHER LLOYD.
BREMEN.
IMPERIAL GERMAN MAIL LINES
waw 1bmNAPLES, GENOA, AL~]
To sail on
WEDNES 22nd July, 10 á.m.
About -WEDNES.,
22nd July.
For
Steamers.
B.M.
Formoss via Keelung, S'hai, North China, Japan, vin Narra-Zafiro,
KUEICHOW. 23rd July, 9 a.m.
Swatow, inst., Gen.-J. M. & Co. Haiphong & Pathoi---Per
AKDY HONGKONG. 23rd July, 10 Yochow, Br. a.m. Spand, 19th inst.--Moil, Swatowa
19th inst. Coal---B. & 8.
Ta hoku 53 Am, s. 4,000, F: S. McMurray, Taichu 1th Inet-Manila. 15th inst, Tainan Gen.-S. T. & Co.
P.
29.77 79 29.49 70 29.84 83
18
1 bm
съ
i b
GIERS, GIBRALTAR, Kleist SOUTHAMPTON, Capt. L. Maass A'WERP & 'H'BURG,
17.000
24.88
zw
2
29.87
29,85
SHANGHAI, NAGA-) Yorck
до
1
Koshun
29.96
1. SAKI.
KOBE. AND> Capt. T. Loeser
p'doros Canton
29.95
YOKOHAMA
17,000
29.82 74:05.
SATUR.,
DEPARTED.
Ba
29.80 80 88 #
+
Gay Ro
29.73 Rock Macro
0
NEW
20.79 80
1 c
GUINEA Prinz Waldemar BRISBANE, SYDNEY } Capt. 0, Jurany AND MELBOURNE...
8th Aug.
6,100
3 pim
Prinz Waldemar
KOBE
Capt. O. Jurany
6,100
24th July,
0 b
ES. Francisco (Europo'vin Si- beria Fer KOREA, 23rd July, 11a.m.
23rd July, 11 a.m.
SANG, 23rd Inst. 1 para..
Amoy, Formosa via Arping
To make connection with the Tien- tsin-Pakow Raliway, closing at Shanghai' it. The Debats adds: So long as the Br.P. O. at 5 p.m. on Monday the 27th bankers' point of view is, that it, stories set afloat by the authors July is folly for a nation to keep on of this campaign do not go be. Shanghai & N. Chinn--Por HANGSANG arming if it does not similarly yond the circle of professional Straits, India via Calcutta-Per KUM. strengthen its financial position. It is remembered that, at the turning point of the Algeciras quarrel, German bankers notified the Emperor that they were not ready for any further strain. "Let it not happen again!" is said to have been the Wer-Lord's reply,
Shanghai,
11 For BOSHU MARU, 23rd last,
1p.m.
Por 'G. APCAR, 99rd July, N. China & Japan via Kobe
-3 p.m.
33rd Inst., p.m.
Shanghai
Swatow,
Siberian
& N. China--Per ANHUI,
FRIDAY, 24th July.
Amoy & Foochow-Por HAI-
YANG, 24th inst., 10a.m.
SATURDAY, 25th July.
July, 1 p.m.
Shanghai and North China (Europe vla Biberin)Per KANCHOW, 25th Inst, 5 p.m.
71
speculators they have no great Cratow, importance. But it is important!' that the public at large should not be influenced by Bourse crazes or swallow ramours which are not only exaggerated, but which, for the most part, have not the slightest foundation. "What we can say is, that the Paris But it has happened again, situation in no wise justifies the with Germany and with other uneasiness which some seem to uations. One may say, that pre. feel, and of which echoes are seat prospects of peace ata coming back to as from foreiga Fhilippine Is.-Per YUENSANG, 25th
Mass of markets. It cannot be denied brightened by the Government Treasury notes over- that the Bouree is passing hanging the international money through a crisis; but it is a crisis
bas market. This decidedly of speculation, which ran and weakened the hiuspcial strength ought to have a natural colution." which Austria-Hungary might otherwise have contributed to the Triple Allianco; and the Imperial Bank of Germany is left practical ly alone to provide for any inter national strain-this, with its own burden of Prussian and German Treasury notes besides. In Germany, moreover, the banking situation is very greatly aggravat ed, not only by the after-effect of Balkan troubles and universal par. depression, but by the " ticipations" of its banka in real estate and industrial companies, in which their funds have been locked up.
The Peculiar French Situation.
All this lands interest to the meeting of representatives of the Credit banks and "business" or loan-issuing banks, which has just been called by the Finance Minister.-New York Evening Post.
SILIMPOPON COAL. BUNKERS:
can be supplied at cheap rates
ät.
& SEBATTIK SANDAKAN
(British North Borneo), At these ports steamers calling
French
Th
TUESDAY 28th July.
Saigon, Stralia, Ceylon, Ade. laide, Western Australia, In- dis, Aden, Egypt and Earops via Marseilles (Late Letters 11 to Noon, Extra Postage 10 centa) Letters posted in a'i the Pillar Boxes in time for the firat clearance will be inalated in this contract mail.)-Per ATLANTIQUE, 28th inst., 11'
Mall
Philippine I-Per CHINHUA, 28th inst
3p.m Shanghal & North Chics---Per LIANO-
CHOW, 28th last. p.m.
dian
Formosa via Koolag, Shai, China & Japan vin Moji, Vic
July 19.
Phuyon for Hongay Rxico City for Chibi vin Moji
Kustohow for Canton Assays for Bombay via Singapore
Manila Loongsang for Faimun for Swatow Chorang for Singapore via Swatow
Bourbon for Esigot
Petchaburi for Bangkok via Swatow
61
CLEARANCES AT THE
HARBOUR OFFICE.
July 18.
Chillar for Bangkok vin Swatow Kaljo Matu for Foochow via Bwatow. Indrawadi for Newchwang via Dalpy Hanyang for Ningpo & Shal via Stow
Den of Ruthven for London vis. Manily Koerber for Trieste via Singapore'. Worang for Canton Einden for Hamburg via Swatow Tjikini for Swatow
July 20. Preussen for Hamburg via Swutow Elger for Canton Hanggang for Canton Felching for Shanghai Kwanginh for Cauton Bessie Dollar for S. Francisco via Celu Shooting for Canton Yingshow for Bhanghai Atreus for London via Singapore Anhui for Canton
PASSENGERS ARRIVED,
Wychow
Pakhoi
29.81 77
29.80.75
11
6a 29.76 77
Tooraze
0. St.
J.
Aparri
Manila
Legaspi
29.31 75
Coilo
Da 23,87 80
Bacolod
Cebu Labusn
.." 29.86 83
א
T. F. Claxton, Director, Hongkong Observatory, July 20,
1 Barometer, reduced to 32 degrees Fahrenheit on the level of the soz in la- |chen, tenths and hundredthe,
2 Temperatura, in the shade, In degrees Fabrealreit.
Humidity, in percentage of satura lon, the Humidity of air saturated with mola- ture being 203...
4
Direction of Wind; to two points
5 Force of Wind, according to Benafore Scale.
State of. Weather, b blus sky, o da- tuched olnod, d drizzling ralo, f fog, g |gloomy, h hall;]lightning, o overcast, p passing showers, 4 xqually, r rafn, "'wnow,
|t. thander, v visibility, w daw wat."
JESSELTON, KUDAT & Borgeo
SANDAKAN
Cant. J. Koebler
About FRIDAY,
All the steamers of the European Line are fitted with Wireless Telegraphy. New System of Telefunken.
1
FREIGHT LINE.
NEXT SAILING FROM HONGKONG!
OUTWARD
About
Tuebingen.
3rd
HOMEWARD
Rain in inches, tenths and hundredths For Marseilles, Rotterdam and For Duenkirchen, Rotterdam and
METEOROLOGICAL.
Barometer
Bremen/Hamburg:
Bremen
Tuebingen about M, of Sept
Previous
For Naples, Genos,
Day On date On date
+ m
Bamburg and Brome
29.76.
*******
29.78 80
29,79
83
For Havre. Emden and Bremen
Hamburg:
Par . Zafiro from Manila Metsis White,J HBibboring, Rice, Misa CJ Borch, N.Allon, Mr & Mrs Judson, 8 E Hillo, Tempersivre........ 770
Miss K Eaancon, McKibbin, Mr E V Humidity
E Wind Direction... Hamilton, Miss Donelly,
Force
torin B. C. & Seattle, Work TAMBO M., 28th inst. 3 p.m. Japan via Nagasaki--Per KUMANO M.,
28th July, 4 p.m.
WEDNESDAY, 29th July.
But it is the Bank of France for bunker coal exclusively are Straits & Ceylon-Fer IYO MARU, 28th.
and the Paris market whose opera-exempt from all shipping dues
tions are just now attracting the and charges.
most attention, and at Paris, the
IT IS WHAT YOU GET MORE
THAN WHAT YOU PAY. THE.
DOUBLE STRENGTH
DOUBLE VALUE.
MEANS
LOTUS MOKHA
IS UNIFORMLY EXCELLENT.
Obtainable Everywhere.
A. BUNE.
H. RUTTONJEE & SON
"
Austra-
Austra
Man
lian::
Mail.
inst., 9' a.m.
Philippine L., Australia, Tas-
mania and Now Zealand vla Thursday 18, Por NIKKO MARU, 20th July, 11 a.m. pa
FRIDAY, 31st July.
Philippins Islands, Australia, Tasmania & New Zealand via Port Darwin-P ALDEN. HAM, 31t inst., 90.m. Tientsin Per CHIPBHING, 31st inst
9.D.:
English
SATURDAY, 1st Aug..
Straits, Burmah, Casinn, Ade- laide, Western Australia, India Aden, Egypt, and Europe vin Briada. Ente Letters 11 a.m. to noon, Extra Postage 10 centa) (Bupplementary mall on board
up to the time fixed for departure of the mail. Extra Postage 10 cents) (Letters
posted in all the Pillar Boxes in time for the first clearance will be included in this contract kong mall) The Paroel mail will.he. closed on Friday the 31st July, S'p.m.-For DEVANHA, 1 Ang., 11 a.m.243 Na go Philippine Per LOONGSANG, “h
Aug. 1 p.m...
Si Amer-
WEDNESDAY, 5th Aug
Japan via Moji, Honolulu, Hlle, Mantanillo Salina Cruz, : Cal. mo, Artes, Iquique, Valparaing' Keland Coronel Par KTYO
19th Aug., 11mm. ORT
94
E
J
Per ss. Anhui from Shanghal-Mr Weather ca Baurote
2
op
Rain 0.52 Higast open te Zeligatórusa va che Zowe
Oyatera, Fresh, fried or Stowed Fadon Haddocks, Kippers &co, H.E. Observatory, 19th July.
ALEXANDRA CAFE.
T.B. CLAXTON. Director.
MAIL STEAMERS
PACIFIC MAIL S.S.CO.
OPERATING VALEN
MODERN HIGH POWERED TWIN SCREW EXPRESS STEAMERS.
MONGOLIA 27000 on
KOREA 18000 tons
CHINA 10200 tons
MANCHÚRIA 27000 téne
SIBERIA 18000 tans NILE 1000 tons
PERSIA poop tons
Between Hong Kong, Manila, Shanghai, Nagasaki, Hobe, Yokohama, Honolulu and San Francisco
"THE SUNSHINE BEET"The Most Comfortable Rasite to America and Europe
KOREA
SIBERIA
OHINA
MANCHURIA Comm.
Salling THURSDAY:23rd July, at 1 pm. SUNDAYAM 2nd Aug, at 1 pm. WEDNESDAY, 12th-Aug, at noon, "TUESDAY, WA. 18th Aug. at 1 p.m.
Timo'steamers are famous for their modem pgdgrent, comfort, and the superiority of the euleins; which is under the personal supervision of Lir, V. Moroni, the world-famous esteres. Large stateroom equipped with slentria, fras, nd, ripening, walor Barthe squipped with electrin reading lampy Nauderous winterźientamaalt water, skimming“ teck, Filipino drakestes, dock gatzem, dabook, etatisë a dúil zaomena dimroughpus theiripes bakmarkana Maha Bafety and Gearart at Patrons le Our Pical Considerations 17 Boden For further information, ralow, literature, wobodules; etal apply to 21) UA ite Blake Floz.), R. C. MORTON, CA
King, Build
ForTurther Particulars, apply to
NORDDEUTSCHER LLOYD
MELCHERS & CO.,
GENERAL AGENTS, HONGKONG and CHINA.
Hongkong, 18th July, 1914,
MESSAGERIES MARITIMES
FRENCH MAIL LINES.
FORTNIGHTLY SERVICE TO AND FROM JAPANTM via SHANGHAI. FORTNIGHTLY SERVICE TO AND
EUROPE via · SUEZ CANAL.
'Steamers A
SHANGHAI, KOBE AND Paul Lecat
YOKOHAMA
MARSEILLE via PORTS
Atlantique
FROM
Toʻssil
27th July
28th July.
KORRAVALLY STEAMERS FITTED WITH WIRELESS Make A Transhipping on the Co. Bteamer at Colombo, for Calcutta, Bombay and
Australla, at Port Said for the Levant, Constantinople and Black Bea
Through Tickets to London via Paris by rail
Circular tickets to Europe via Suez and SIBERIAR ROUTE and vice-r delivered here, they sayohan
For further p
y particulars apply to a slika
P. THOMAS
Printed and Pablished by the Proprietor,” By Tom Hollan Street. in the City of Vistoria,
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