The midland journal. (Rising Sun, Md.) 1885-1947, 1921-01-07
Chinese Banks Give
Credit to Offset
Slump in Trade


of commercial and financial conditions
in China is given in statement by the
Guaranty Trust Company. 1t was COM
piled from reports of special cores
pondents Of that company and other
reliable sources and shows that to off
set the business depression many mer-
chants nthe leading Chinese cities
are being carried by their bankers,
some for very large amounts, and that
on hand.
The third session of the commission
of Chinese and foreign engineers to
consider plans for the standardization
of Chinese Government railway was
held in Pekin, September 1917. Agree
ment was reached in regard to specifi-
cations for a standard guage, clear
ance, measurements and weights of
cars, brakes, couplings and curves of
permanent way. Bridge steel was not
standardized and Chinese Government
buyers will be free to buy either Amer
lean or British steel.
Railway Station Plan Revived
The plan for the construction of a
central station at Pekin for the Pc
kin ukden, the Pekin-Hankow and
the Pekin-Suiyang Railways is revived.
Mr.. Yeh Kung-choo, minister of conf
munications, is said to have given i'll
structions for carrying out survey
as soon as practicable and for provid-
ing estimates for new bridge across
the Yellow river on the Pelham line.
A loan agreement for the extension
of the Lang-Hai Railway was con-
cluded recently. Construction of the
MISUNDERSTANDING section be-
tween Honan and Shensi is expected
to begin in the near future. Railway
construction engineers from Holland
are said to be on their wap to China.
1t is expected that inquiry will be made
in America for eight locomotives of mi
kado type for use on this road.
Trade Commissioner Lynn w. Nee
kins reports that the new machine
shop of the Pekin-Hankow Railway at
Changsintein, seven miles west of Pc.
kin, will rank with the most important
in China. Most of the shop equipment
is of Belgian or French manufacture,
but the rolling mill machinery came
from the United States, and 500 Amer
lean steel gondola cars of forty metric
tons capacity are being built Specifi-
cations for new passenger cars will
soon be ready.
The Pekin-Hankow Railway uses
fairly large quantities of white zinc,
linseed oil, red enamel paint, black
enamel varnish, aluminium paint, vege-
table oil and vaseline.
tottofqofs ,ofdp?yo hdcludeon-ernishmf
The transpacific reports that Amer
lean mining experts who have been
prospecting the last three years in
Yunnan have located rich deposits
containing silver, lead, tin and copper
in the northwestern part of the prov
ince. A chinese company, the Mingh-
sing Mining Company, has been
formed. Mining of tin is no new in
dustry in southern and southeastern
Yunnan. The Kochiu mines of the
Mangtsz district employ 100000 work.
ers. The mines cover an area of 400
square miles The crude product is
shipped in slabs to Hongkong, where
it is refined and prepared for shipment
to the United States, Canada and Eu-
rope. The Kochiu Tin Mining Com
pany is installing up-to-date pumping
machinery and it is thought that other
companies will follow it's example.
Wolfram, some of it showing an as
say test of 61.74 per cent is found near
Tongshan, in Northeastern Chihihli.
The Far Eastern Revie wsays that the
Bureau of Administration at Lanchow
plans to establish a refinery there in
the near future. The present output
is used chiefly by the government ar
senals.
Big Condensed Milk Imports
China's imports of condensed milk
during 1920 are estimated to exceed
in value 100000 Haikwan taels. A
factory in Manchuria, however, is not
only producing condensed milk, but
has begun its export.
Reuters trade service announces
that an American electric company is
fitting out a houseboat at Shanghai
which will make tour of the rivers
and canals of China this winter. The
boat will carry many of the latest cleo
trical labor-saving devices, including
motor driven machines, vacuum clean
ORC irouc aud waShino machines