HONGKONG, TUESDAY, DECEMBER 9, 1919.
THE EWO COTTON DIVIDEND.
THE PROJECTED NEW ISSUE.
3
The NC Daily News of Decem- ber 3 said-Great rejoicings were evident yesterday when it became known that at a meeting of the Con- sulting Committee of the Ewo Cotton Spinning and Weaving Co, Ld, held in the morning, it had been decided to recommend a dividend of Tis. 65 per ordinary share. This announce! ment was, we understand, telephoned to the Stock Exchange in view of the great Interest at present taken in
cottons.
The balance at credit of Profit and Loss on October 31, 1919, is Tls. 1.475,687.79, which shareholders are, to be asked to distribute as follows:
To pay a dividend on Pre-
ference Shares at the rate of 7 per cent. per “nnumme
Tls.
SHIPS DUE TO ARRIVE.
FROM, EUROPE,
The s... NELEUS, due here Dec. 9 and sails for Shanghai and Japan
Dec. 10..
The s. XINGCHOW, due hero Doc. 36 and sails for Shanghai and Japan Dec. 28.
The ss. INABA MARU, left London Nov. I and is due hore via Surz Dee 10 The BADENIA, due, hery Pec. 5 and sails for Thingrau, Shanghi and Japan Dec. 6
WEATHER, REPORT.
December d. 12. 13m.-No returns from Vladivostock or Japanese stations. Pressure businemed considerably over NE Chins, and slightly from Sharp Peat to Tourste.
The anticyclone over China has strengthen.d.
A depression is still shown over the 5. China Sea. lias ill uncert.ia whether in has to me a typhoon..
The 55. HELENUS, due here Dec. 1a and saila for Shanghai and Japan Dec. 17.
Hongkong Rainfall for the 24 hours. The s.3. TERESIAS, dne here Dee, 13- and suits for Japan Doc. 16.
eding at 10 am, ta-dag, 0.00 inch. Thess. AŬ (PENOR, đào hà ro Due 28 | Tath?'alues Jozaury 1st, 75.99 inches.. and sails for Shanghai and Japan Perinat an averags of 82.28 Inches.
The s... BELLEROPHON, due bere Dec 20 and suite for laingan and Japan- „Un cast for the 24 hours ending it Dec. 30.
Thos. LAUMEPON, due here Lin.com on December 10-L. and sails for Japan Jan. 7. due bere Jan. 6 und sails for Shangbai and Japan Jan. 2.
The KNIGHT OF THE DARTFR,
Thess. TELAMON, Gue here Duc. 25 and saus For Shanghi Dec. 28.
Bamekong to Clap Rock NE Winds, fresh ; fair,
strong.
Parmosa Channel, NE. winds,
The .. DEMOD. Us, due here Jan. Both emet of China between 8 and sails for Shanghai and Japan!ongwoog aad Lugiat. The same as
So. 1.
625,000.00
The 8.5. ANTILOCIUS, de hore Jan, 13 and sails for Jaan Jan. 14.
To pay a dividend of Tls. 66.00 per share on 15,000 Ordinary Shares. 975,000,00 To write off Plant and
Machinery
To write off Buildings.... To write off Furniture ... To add to Special Repairs and Renewals Fund... To add to Cotton Fluctua-
tion Fund
To give to War Funds.... To pay Bonus to Staff
FROM JAPAN.
The 9.3. TOTOMI MARU, left Kohe 100,000 00 Nov. 2 and is due here via suka and
Moji Dec. 8. 50,000.00.
The 3.3. NVARA, leaves Yokohama 1,000.00 Nov. 30 and is due bere vis Kova, Moji
and Shanghai Dec. 10,, $0,000:00
100,000.00 Dec. 11.
The 3.5. MISHIMA MARU, leaves 20,000.00 Yokohama Nurember 38 and is due here via Kobe, Moji and Shanghai. December
at Mills and retiring allowance to the late Mill Superintendent To create Chinese Super-
anuation Fund To carry forward to New
Account
60,000.00
40,000.00
3,687.79
із
1
Tls. 1,457,687.79
There can be no question that
this is a very handsome showing, on
The ss. ARRATOOS APCAR, leaves Robe Dec. 4 and is due hero via Moji
12.
The 3. SADO MARG, leaves Yoko- hann December 19 and is ge here via Japan ports and Shanghai Dezember 26.
The .s. KITANO MARU, leures: Yokoham. December 26 and is due bere January
The .. TEIRESTAS, leaves Yeko- hama Jan. 3 and is die bere Jan. 201
The as. TERCER, leaves Yokohama Dec. 2 and is dun here Dec. 17.
The . TY LUS Dec. 24 and is due bere Jan,
4-Month coast of China bouwen. Jongkong and Halawn." The same So..
ROYAL OBSERVATORY,`
LONGKONG, DAILY WEATHER
REPORT.
DECEMBER 9, 1918.—a.m.
tution.
Mases Kobedivostock, he Nemuro... 4.
kodas
The s.. ELYADES, leaves Yoko bama. Nov. 0 and is die here Dec. 0.
which the management deserves to Thess. DOMENEUS, leaves Toko- be complimented. Whether it in-hau. Dec. and is dne here Dec, 2 validutes the repeated warnings The s.a. NELEUS, leaves Yokebawa given in these columns against the Dec. 33 and is due here Jan. 6. present boom in tottons is another matter.
On Monday afternoon Ewo's were being quoted at Tis. 680 for Decem- befethe return on which at Tis: 65 is atrife undén 10 per cerit., a.decent rate but not a specially high one in view of the uncertainties of cotton. Twelve per cent, would probably be the least that an investor would lock to get in so fickle a commodity.
Yesterday Ewos were actually quoted at Tis. 900 for March. What "possible justification can there be for an increase so enormous in only three months? Could any stronger reason be required for thinking that the whole thing is just a huge mat- ter of betting? That certainly is the opinion of many hard-headed men, and it is a fact worth noting! that some of the stockbrokers are rigidly abstaining from, touching cottons at all.
FROM SHANGHAI.
Tukio
Koeht
maaki
Kagoshim
Ustima.... Saba..
ishijima
Gul Islande
Pi, Tuiwel jo a. 10:37 34
1
The .s. EURYADES. leaves Shanghai te go D c. 6.and is fue here Dec. 10.
The 8.5. ARNA, leaves Shanghai Dec-Chang ba 17 and is due here about Deo. 22.
The ss KNIGHT TEMPLAR, karts Shanghai Dec. 18 and is dee bere Duc. 22. The 5.5. ONFA, I aves Shanghai Jan. 17 and is die here Jan. 22.
FROM MANILA.
Satzlaf Shanghai
Sharp Pk... 7 Amoy ******* Swatow
Wind.
30:41 34 96 Nx
30 34 48 63 xx
80114 62 77 Ex
TRihoka.5.30.19 39 91 Fulchn32 61 Taiano ...... 30.01 60 29.97 12
נן
and is due here Jan. 5.
The ss. IXION, leaves Manila Jan. 3 Roshe..."
PHEUMPENH ARRIVES,
AN UNEVENTFUL VOYAGE.
The "Pheumpenh" put into port this morning and tied up safely despite the
WC
cut
Pescadores. 20.06 64 Canton 8 a. 30.15 Hongkong. 30.0 Gap Rock.." 30.
Wachow
Pakhoi Holbow...!
Fhalien
Tourate
13.
20.0
.93 6.4
D. St. James)
Depa... tail
Aparri .....
284 78 £6
29:81 79 10 sg. 4
Tacloban
23.70 73 02
4.0
属
inrigao Gram
4.30 99.78
NE
4'0
Cibusa
8 a 29.17 TS 70
AW
Rumours were current yesterday, as no doubt they have been for some time past, that something even bet rumours' current yesterday that she ter may be expected in the near was on the Paracels. Our conflito
remarks when future than the Tls. 65 now declaredgratulatory -and in some obscure way this ex- visited the ship this morning, to
were of the officers pectation was connected with the one ännouncement (of which full details short by a smile and 'we didn't go appear in our advertisements today) near the Paracels." Further ques
the issue of the 5,000 unissued tions showed that the "Pheumpenh" ordinary shares.
left Saigon on the 4th instand But there is another way of look (except for strong winds the voyage ing at this issue. The price at which was without incidents. The Paracels. they are to be offered is Tis. 195, were given a wide berth, so nothing and every holder of three of the old was seen of the reported wrecks. shares is to be entitled to one of the Our informant added that in all new. Now threes into 195 go 65, probability they are old wrecks, which is the amount ot the adding that once it was known that dividend recommended en the past a ship had gone, all kinds of rumours year. That is to say that the Com- sprang up.
pany will be enabled to pay its A telegram has been received by dividend not in cash but in shares. the agents of the "Lien Shiug" from In passing, it should be emphasiz. Saigon stating that the survivors
ed that there will be no fractions.] number 25 of the crew and 612
A holder of 10 old shares will only passengers.
be entitled to three new ones. To get more he must buy up to the next multiple of three.
BANQUE INDUSTRIELLE.
DE CHINE.
The business of this Bank has in- creased so much of late, and there are so many new agencies in course
decided to issue Francs 75,000,000
T. F. CLAXTON, Director.
Hongkong Observatory. Dec. 9, 1919.
1. PAROMETER, ruined to 32 decress. Fahrenheit, the level of the sea in rebas, tenths and hundredthe.
2. TEMPERATURE, in the shade is de
Fabrenheit.
2 Hestnes, is ponentage of ancora on, the humidity of air saturated with moisture being 100-
4 DIRROTION BY WYD, to two pointa
A FORD (R. WIND, nordica ta
Seale
૭. તyd
4
STATE OF WEATnze, b blue sky, e
letached cloth, d drizzlibe ruin, † fos,
gloog, h hail, i lightning, a worcest passing showers squal, r min, 3 know thondor y visibility dew, wet 7. RAIS i inches tonths and up- Iredth.
HONGKONG TIDES.
Thu thle tebie divan boluw bes been rdlist at the Fational Almste Öfke
in London from the result of the analysis. ́s absorvatives taken by means of sa automatic ride-recording machine in thạ Water Police Patin at Tim Nos Tuai s.socing the years 1000-9.**
Mr. and Mrs. M. S. Northcote returned to the Colony by the Fushimi Maru" this morning.
We do not in any way mean to imply that the Company is not fully entitled to pay its dividend in shares instead of cash if it wishes to do so. But looking at the thing from the point of view of cottons at their present prices and as an investment. of formation, that the directors have what is likely to be the result? Of course recipients of the new shares, of new stock. getting them at only Tls. 195, will be able to dispose of them at a good profit even for cash, still more so on paper. But, locking further ahead, it, means that the Company will have to pay dividends on 20,000 shares instead of 15,000, with all the uncertainties which the future holds The Portuguese lad named in things in general and cotton in Noronha who was summoned by particular. And once again, let us refer to the new mills which are im- Mrs. R. Morgan, an elderly Por pending, with the prospect not only tuguese lady, for assault, was again before Mr. Wood this morning. Mr. of competitor, but of their paying Leo. d'Almada for the defence said higher wages to tempt away skilled that his client was willing to sign a workers from the old mills: and new band without admitting any of the: ores cannot be started without at facts of the case, Mr. Gardiner least a leaven of skilled workers.who appeared for Mrs. Morgan told Labour, in more ways than one, his Worship that he had instructed threatens to be a serious factor in his client to agree to that course, the future of Shanghai
and he understood she had no objeci
In general it is hardly too much to tion. The lad was bound over in 2 say that an absolute certainty of present conditions continuing for bond of $50 to keep the peace for
four years to come. would not justify
fboard of the table corresponda with the surn of the sounding in the Admiralty hart, which has been found to be test
in hos below mean sorlovel
The gauged at the Virta Naval Yard
obtain the depth of a iter on the wid 3 feet 4 inches, and on the se it Imrunt Dock, Aberdeen, and 10 fost inches to the height given in the table..
December 10 to 16, 1319
-151012 WATER
Meat Telchit Pites
LOW WATER
Bangkork
six months..
Wed.
10
11
the present. boom.
That 11
As an illustration of the dis
7th
12
crepancy which may creep in be he estimated the Ewo profit for the. tween assumptions and realities, we year ending. October 31 last at Ts. may refer to the figures supplied us | 2,520,000,
13
last week by a reader who took ex. The actual profit now shown iso.1 ception to our articles against the more than a million taels loss. boom. In those, it may be recalled, So much for guess work.
Tusi | 10