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Show UliiueMO Old Siilt. Now York, G. Tbe fact that twelve steamers, of 400 tons each, owned, manned and officered by Chinese, ply along the Chinese coiist, and that the line is successfully and ekillfully managed, strengthens tho opinion in .commercial circles that maritime i nations must expect Chinese competition compe-tition on the ocean. Thirty steamers are run by tho China Merchants' Steamship company, whose manager isaCainaman. The opinion ia expressed ex-pressed that tbe first to feel the competition com-petition would be the flaet of ships which still find profitable employment employ-ment in tbe California grain trade, under the American flag, |