The sun., 1919-07-09
DIGEST OF TRADE
IN THE FAR EAST
Latest Reports From Eight
Great Centres Cover Wide
, Field.
PROFITS IN SHIPPING
Australian Fleet Pays for
Itself and Shows Heavy
Returns.
Especial Despdtoh to THE SuN For
Casters seotton.)

Especial Dsspdtoh to THE Sum Far
Casters sectton.)
SYDNEY, Australia.--The balance sheet
OF the Australian feet owned by the
Commonwealth Government showed that
each vessel cleared an average profit OF
sc, 900 pounds In twelve months. There
were originally fifteen vessels in tire
fleet, purchased at a cost OF 2.070,OOO
money was paid on before the end OF
1918.
SHANGHAI. June 6.-The recent reso-
luton of the Chinese Customs and
Shipping Association that they would
not handle Japanese goods or have any
dealings with japanese steamers 10 hav.
ing q marked effect on Japanese ship
ping. The Japanese steamers running
from Shanghai to Hankow which for
meriy controlled the passenger and
freight bustness arc now carrying prae..
tically no cargoes and but an occasional
passenger.
PEKIN, June 7.--Fu Yuen Fen, new
acting Minister OF Education, after an
interview with President Hsu has agreed
that In future all matters concerning
the students are to be settled between
the professors and the students without
interference Of the soldiers or police.
This followed an outbreak OF students In
the Government university which resulted
In the arrest Of several hundred. The
students who were taken into custody
have refused to leave prison until they
receive satisfactory explanation from
the Ok vernment as to why they were
arrested and then ordered released.
! PEKIN, June g. Owing to the nom
interference policy Of tho Government.
| under the leadership of the students OF
the Government university, q great mass
meeting was held yesterday in the public
plaza. The most important matter
discussed by the promoters was that
as freedom Of speech and writing
had been given the people by the
provisional constitution the Govern
ment should not be permitted to In
terfere with meetings hereafter nor CEN
sor the newspapers. Revolt was threat
| ened IL the Government continues to
| curb the freedom of speech or the free
dom of the press.
| SHANGHAI, June /. - Anti-Japanese
boycott plans were completed among
| Chinese bankers and local cotton mer-
| chants yesterday. The native banks will
not honor checks on japanese banks
and will not accept Japanese coins or
even honor their own orders indorsed by
Japanese banks. Cotton merchants will
refuse to sell any goods to japanese
Arms starting from to-day. In accordance
with the decisions of the extraordinary
meeting called by their guild on Kiangse
road last night.
SHANGHAI-The Communicating OF
AZ - TE-h "a
Namking by tho United States Govern.
ment has made necessary the csncella.
ton OF some eighty passenger bookings
made to San Francisco on the steamer
A similar condition exists in Manila and
Hongkong, although passengers in those
cities are experiencing less difficulty In
securing passage on other transpacihc
liners, as the congestion here Is greater
than at any other point In the Far East
TOXIC. May 24.-The peace slump ha.
led to the closing OF most Of the small
shipyards which sprang into existence
during tho war boom, but the iargei
shipyards are proceeding with their pre-,
arranged programmes OF construction
Though 1t Is undeniable that their inter.
ests also have suffered considerably. ow.
ing to the slump caused by the termin
alton Of the war.
From January to the end Of Apri
forty-'our vessels of over 1000 ton!
leach totalling 1881 tons were
launched In Japan. According to the
Official forecast of the department o.
Recommendations 1877 vessels Of over
1000 tons totalling 622.s4s tons will be
the sum Of this years construction. Of
these vessels thirty aggregating l61. SOL
tons are to be supplied to the United
States.
TOXIC. May 22.-The Japanese navy
Is shortly to embark upon a large pro
lgramme for the construction OF subma
rines, According to the Toxic new
agency, the Japanese authorities sen
about 900 experts and mechanics t
Italy and France to study the art o.
building submarines and these men ar,
now coming back to Japan. Moreover
seven German submarines allotted I,
Japan are due at Sasebo on June 2,
with Japanese experts, who have stu
died their mechanism. The naval au
| 81 Ian. An,