The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-03-14
NEWS FROM THE ORIENT
Korean Finances Pass Into the
Hands of the Russians.
THE CHINESE INDEMNITY
The Amount Will Be Secured by " Sin
certify" Bonds-Chinese Noblemen
Will Have to Ante Up-An
Expected to Subscribe.

San Francisco March 13.-The steam
er China, which sailed from Hong
Kong on Feb. ~ and from Yokohama
on Feb. "a arrived here to-day, bring
ing the following Oriental advices:
The Korean finances will hereafter
be managed by Russian bankers. re-
siding at the capital, Seoul. All the
monetary transactions of the Kingdom
will henceforth be conducted by the
Russo Korean bank. which was opened
at Seoul on Feb. 10. with capital of
100000. On the first day that the bank
was opened for business the Korean
treasurer deposited 100000 with the
Russian fnanciers.
The building of a first-class japanese
cruiser Is about to be begun at Yoko-
suaa for the Mikado's government.
The Japanese standing squadron held
naval maneuvers off the port of Shimi-
diu for a fortnight from Feb. 10 to
Feb 30. The results were highly sat
I isfactory to the Japanese govern
ment
The Japan Mail deprecates the idea
| of any disturbance of Oriental peace
| relations through the possible failure
| of China to pay the installment OF the
! indemnity due in May and amounting
! to II. SOC, 600 taels. No difficulty is anti
cipated in raising this amount by
/ means of the Chinese sincerity
bonds" which are virtually compulsory
to the nobility and to civil and mill
tary officials, all being expected to sub
scribe for these bonds in proportion to
their rank and income. These bonds
are to be guaranteed by the land taxes
! and salt duties
| Confirmation has been received of the
great fire at Manila, from which the
losses are estimated at $4,000, 900, with
! 500 900 insurance.
In spite of continued complaints of
tightness of money and high rates of
interest. the import market shows
| healthier tone than for many months,
so far as cottons are concerned. The
movement in gray shirtings and yarns
has been active. Prices both TOT
American and Russian kerosene have
dropped to the lowest summer quota
lions and there is little business even
at these low quotations. Sales oil
brown sugar have been large. In ex-
ports silk is the only staple in which any
business has been done. The export OF
raw silk from Yokohama from July
to Jan. 81. amounted to 45,1l3 bales, OF
which two-thirds went to Europe ano
one third to America.
The city tax in Toxic has been in
creased to provide funds for the repair
of the roads, which are generally in q
wretched condition.
Owing to unexpected and continu
Gus demands from Hong Kong ant
Shanghai for coal for naval require
ments, the price of Japanese coal has
risen enormously in prices.
Since the adoption of gold mono
metallism in Japan on Oct. l, 1897, NJ
to and including Feb. Il, 1898, tbs
amount of silver and notes exchange
for gold has aggregated 22000,O00 yen
on which one-seventh was silver. II
order to facilitate the adjustment %
coinage, the government has resolved
to shorten the period for exchanging thu
, ven piece, which will be limited to jun
80 next.
owing to a rupture of the combina
ton between the United STEAMSHIP
companies running from Japan t
European ports, rate war has beef
started and freights have already beef
reduced from 80 shillings to p shill
ings.
The British battleship Victorious
which recently left England for tn
China station, ran aground at Suez o.
1 Feb Is. and to get off had to diseharg
her coal and her guns.
; The dastardly attempt at train
[ wrecking between Ashai and fokkaicf
e stations resulted in the derailment Q
[ the train and the injury OF five pas
sengers. 1t was found that the rail
train was wrecked. None of the in
), iured were fatally hurt
! BY fire in Hakodate on Feb. ID, SO
4 houses We're destroyed.
Over LOO deaths from plague oc
CURED in Bombay during the wee
/ ending Feb. 10.
= 1t is reported that China has granite
: Great Britain the right to carry tn
a Burmah railway into Yunnan.
: China has agreed to pay an inden
/ nifty for the kidnapping of French
n man in Tonking by Chinese brigands.
a The Nygata Perfectnral assembly d.
f sires to undertake harbor improve
: ments at a cost of 14.000,0 900 yen, to pro
= cure which foreign loan is proposed.
a A glass manufacturing company hs
: begun operations In Yokohama.
: The steamer Sydney carried froI
= Kobe for London 100000 yen in gol
i leaving on Feb. 4.
The marriage of Prince Komats
II Yorihito and the Lady Kaneko toe
u place in Toxic on Feb. 9.
! Snow fell in Nagasaki on Feb. 10. IL
u tensely cold weather prevailing.
: Owing to a change in their pay da
q contrary TO their wishes, 500 Japane'
q female operatives are on strike
Tomioka.
The Japanese Railroad company
preparing TO run sleepers on its line.