Commercial.
British North Borneo Co.
therein has been
A Slump in Copper: Recovery while there is some reason to
Anticipated. believe that there othor
378
The London copper market estates in course of realisation. In the presont depressed condition soffered an unusual slump on the
THE HONGKONG TELEGRAPH, THURSDAY, JULY 9, 1914,
A
BANKS
INTERATIONAL BANKING
CORPORATION.
Head Oficedo, Wail Street, New York' London Dace)-36, Biadopagate, K.C.
BRANCHES -
Bombay
Calcatta
Gabi Colon
Cancer
Empire Houghong Hankow Capital and Surplus.
T/T
BANKS
HONGKONG & SHANGHAI Demand............
BANKING CORPORA- 30 d/s ....
EXCHANGE,
T/T, Marks.
1926 .193
:1/10 11/16 | On Haiphong mmoja 1⁄2 pill
Selling
1/109/16 | Demand Germany.
1/10 5/8 T/T. Francs ..........
TION.
60 dis ......... 4m/B
1/10 11/16 Ou Saigon...... 4.1/10 On Bangkok .....
Paid-up Capital
..$15,000,000| T/T Shanghai............743/B!
Buying
Kobe Menile
RESERVE FUNDS:
Meeleo
Sterling
Уклара
Paking
San Francisco
£1,500,000 at 2/
$15,000,000
Silver...$17,650,000
Reserve Liability of
المطار حمدي .
Yokohama
Gold $7,000,000
• equalışırıqmoom La¥140 **
EVERY DESCRIPTION OF BANKING BUS!
NESS IPADKACIEŃ.
CURRENT ACCOUNTS opened on the usua
4% par BEAUDI, or perioda, at rates, may be racertained on application.
MAIL and TELEGRAPHIC REMITTANCES
us at the paladigal chies in the Week a
THE BANK'S CIRCULAR LETTERS OF COMMERCIAL. LETTERS OF CREDIT PURCHASE and SALE of Stocks Shares effaclad.
TRAVELLERS CHECKS sold and cubed.
THEGROE HOG0,
Manager.
Queen's Road, Hongkong Hongkong, 1st Nov: 1912
THE YOKOHAMA SPECIE BANK LIMITED.
YOKOHAM
Established 1880. Authorised Capital Yen 48,000,000 Paid-up Capital.... 30,000,000 18,900,000 Reserve Fund......
11
Head Office.-YOKOHAMA.
liranche
Private 30 d/s sight S'hai 7544 m/s. L/0.
*****1/10 15/16 T/T Singapore ..................................................804 1 4 m/s. D/P ......................1/12 1/16- T/T Japan......................... ............. 9234 6 m/s. L/0...............................................1/11 1/8
T/T India
Demand, India
T/T. Babay..
TT Calcutta '
$32,650,000 Demand Bombay
Proprietors.....$15,000,000 Demand Calcutta
COURT OF DIREUTORS,
141
30d/s.8'ney & Melbourne1/11 3/16 *1411⁄4 30 d/s.San Fco & New York 4694.
141
4 m/s. Marka 1.97 14144 m/s. France...241 1416 m/s. do
Demand Manila .....................................9214
Hon. Mr. D. Landale-Chairman. T/T. San Fee & New York
Deputy Demand, New York
T/T. Java
W. I. Pattendon, E,
Chairman.⠀
S. H. Dodwell, Esq. G. T. M. Edkins, Esq. O, S. Gubbay. Esqu P. H. Holyoak, Esq. C. Landgraf, Esq.
F. Lieb, Esq.
J. A. Plummer. Esq. Hon. Mr. E; Shellim. H. A. Siebs, Esq. Ad. Widmann, Esq.
CHIEF MANAGER: Hongkong-N. J. Stabh
ACTING MANAGER. Shanghai-J. D. Smart. London Bankers-London County and Westminster Limited.
Hongkong-Interest Allowed:
On Current Account at the rato
Ba. Silvar. ready
forward..
......25 15/16
Gold Leaf pertael 55.20
Hank of England rata : ........3%
Opium Quotations.
1414
.46
11934
Rovereign. ........
Subsidiary Coins. 'Discount per $100; Chinese...20 ots. pieces $11 3/16
Malwa, New
Malwa, Old
Chinese...10
$11 7/8.
Hongkong.20 Hongkong.10
93/8/
$.97/8
.10.50
May 14
$8,200 par p..
8,300 #1
Patna, New . 9,325 per che
Patna, Old.
- 9,200
Benares, New
Benares, Old..
9,050 8.925
-TO-DAY'S SHARE REPORT
3-SELLERS
“Stocks & Paid of Valor.
BANKS.
SA-SALES B-BUYERS N-NOMINAL
Q'TION.
LAIT DIVIDEND AND PATH:
6335 sa. & b £2&5/-b.atex 1/113/16)
equal to $23.29 for year ending 31/12/13°
Hongkong & S'bai $125
£84
MARINE INSURANCES, Cantons
$50
310
North China
£5 T140
$100 $780
b.
£50 $194
than last obtained government and so on, have been been a severe strain on the resources season, but the best of the without in any way benefiting demand, however, is for tea for the exchequer. The Financial price. JavaOfferings during Advisor declares that this an- the week, 7,309 pkgs..against 3,360 At the current price of 15s the cual increase in ordinary and pkgs. last year; total from Jan, 1 fully-paid £1 shares of the British capital expenditure has only been to date, 117,471: pkgs, against North Borneo Company are 1s rendered possible by the elasticity 111,476 pige, last year. After a lower than at the commencement of the revenues, but that such fortnight's interval sales were rG- of last month, says the Financial expansion in revenue Can Do Bamed on 11th inst. In sympathy Times, while there has been a longer be counted on in the near with other growths the market drop of 2s since the end of 1913 future." The country has, for was irregular and prices have de- As the accounts for 1913 are due the time being, reached her orelined, especially for low grade to be published very soon, a certain dinary revenue limit, and step tea. The general tendency was amount of uneasiness regarding my now be taken to provide for in buyere favour, and a fair
adults likely to be shown contingencies that are bound to quantity was withdrawn. Among DEPOSITS RECEIVED, Aried for one, welch
occasioned aries within the next few years. the highest averages were:- among some of the shareholders The Reserve Fund can no longer Goalpars, 101d.; Tanawattee, 3d.; MILLS NEGOTIATED COLLECTED, by the present weakness of the be craned on for the alimentation Tjiomas and Ardja Sarie, 04d.TERS OF CREDIT and DRAFTS granted market for the Company's capital of the State exchequer, for it is. The average for the whole sale on issue, and several communications now reduced to barely £6,000,000, Garden Account is 81d. per lb., CREDIT ANAYE a Cover the World, have reached us on this subject. and further withdrawals must be compared with 8d. per lb. a year We have, therefore, been at some restricted to items of exceptional ago. The distribution of the pains to endeavour to ascertain or emergency character. In view Java crop for January to April the cause of this downward of the necessarily limited margin this year is as follows:-To Hall- movement So far as we can for increased taxation, it may be ad, 10,093,018 half-kilos.; Eng- ascertain, the explanation is to found advisable to reduce the land; 8,215,770; Russia, 1,589, development 332; Australia, 1,754,870; Canada be found in the realisation of at expenditure least one large deceased account, schemes in the immediate fature, and America, 250,628; Singa pore, 213,402; other ports, 2,015, 650; total, 24,133,570 balt-kilos. against 20,334,064 last year.
Mesra. Shepard and Co.'s Tea of the Stock Exchange it has 25th ult, the quotations on that Market Report states:-India: fortnight's interval not been easy to dispose at once day being £60 for the current After of large blesks of shares, and the month, and 280 128. for July auction were resumed this week, price had suffered consequently delivery transactions, while £0000pckages sing catalogued, As regards the outcome of th was quoted for electrolytic copper. of which 3,500 were now season's past twelve months' operations, The quotations, weak as they ten, and the balance mainly from there is no reason to doubt were, stood at E02 standard for South India. There was a gcad that the Directors will again pay the current month and July 'de demand for to under Dd. on the a dividend of 5 per cent. for the livery transactions, and. C05 for Lsis of previoue values. Coylon: fifth year in succession, though electrolytic copper in the bogin At the opening sale after the we believe that the Board livening of the month. But towards Whitsun holidays 45,185 pack not yet bad this matter before the middle of the month, the mar- ages were brought forward, of them officially. Steing, however, kot tone was reported to be still which all bat 1,800 were diepos. that the forthcoming accounts will weaker, till the abrupt fall cameled of in the room. Jaya: 7,309 The market probably show an increase in the 25th instant. It is report packages offered. trading profits, the Dircotore caned that there are signs of a fur- generally showed, if anything, a scarcely have any excuse for rether slump with the probable slightly easier tendency, more ducing the rate of distribution. result that quotations will drop particularly for broken leaf sorts The prospectus issued in February below the £00 standard-even about 81. to 9 1-2d. Ardjo Sarie laat, offering £500,000 of our lower than the lowest recorded Orange Pekoe No 1 sold at le. and n-Half per cent. First in the past four years. Concern. 1-2d. Mortgage Debentures for subing the future prospects of the scription at 88 per cent, estimated copper markes, the Jiji (accord- the surplus revenue for 1913, ex-ing to the Japan Herald) quotes clusive of land sales, at £110,000, copper export who displays 38 against £68,700 for 1912, while optimism concerning the prospect to pay a 5 per cent. dividend of the market during the latter requires no more than £92,000. half of the year. It is stated that In their last report, namely, that the copper market generally ex for 1912, the Directors took credit hibits a falling tendency towards THE THIRD GYMKHANA Reserve Liability of
MEETING of the Season'
Proprietors .......£1,200,000 Depositors may transfer at their Chinose Engineerings £137/6
option balances of $100 or more Tronohs
£130/- for a sum of £80,000 in respect of the beginning of the summer, and will be held at Eappy Valley on the present slump is due to Saturday, the 11th July, 1014;
FOREIGN EXCHANGE and to the Hongkong and Shanghai Raubs
£1 $3 "increase in valuation
General Banking business trans-Bank to be placed on FIXED DOCKS, WHARVES, & GODOWNS. territory," but whether there will activity in the American marcommencing at 3.15 p.m.
DEPOSIT t 4 per cent. per Kowloon Wharfe $50 $82 b. The Charge for Admission will noted. be any corresponding item in re- kot, which has been affected by
CURRENT ACCOUNTS open-annun spect of 1913 is more than we can the Mexican situation. However, be $1.00 for others than Members
For the Hongkong and Shang-EK.&Wpon Docks $50 $624 b. say. Obviously, however, the inasmuch as the American mar of the Hongkong Jockey Club ored and FIXED DEPOSITS re-
ceived for 1 year or shorter periods hai Banking Corporation, Shanghai Dooks T. 100 T. 60 b. Soldiers and Sailors in uniform at rates which will be quoted on
A. A STEPHEN Hongkow Wharfs T. 100 T 91 b. Company's aasole cannot advance ket appears to have recently Gymkhana Club, in value indefinitely, nor is it become active, and as the supply
half price
application.
Acting Chief Manager, LANDS, HOTELS & BUILDINGS
Anglo French Lauda T.100 T.94 The Committre invite the
Wm. DICKSON. desirable that credit should be is almost certain to be rendered
insufficient by strikes in the Ladies of Hongkong
H'kong Central E'tes $100 $100 b. to be taken continuously for such B
Hongkong. 11th April. 1912. 2
Hongkong Hotela $50 $125 b. development. Apart from this copper mines near Lake Superior present.
and in Spain, and the suspension Hongkong, 8th July, 1914. pint, however, the Company an
Hongkong Lands $100 $116 d. Pars to be maintaining a satisfac of work in Mexican mines, an urgent demand is expected to be
of
tor level of prosperity, and the
dom ward tendency of the share felt in the latter half of the year. quation would appear, therefore, The stock unsold having now to be the more to market condi-
NOTICES."
HONGKONG GYMKHANA
OLUB.
NOTICE.
Antung Hsien Hambay „Calcula
Changchun
Dairen
Kengtian Harlia
H
B matala
Keb 1o-Yank Londa Lyons Txfagtau
Agencies at Hagasak
Ryolan (Port
San Francisco
of 2 per cent. per äanum on the Unions. dally balance.
ON FIXED DEPOSITS.
For 3 months. 24 per cent, per
annum
4
For 6 months, 3 por cont po.
Arthur)
Shanghai
Tiefling
Tienel
I
Tokyo
Los Angeles 'T1ingtau.
Interest Allawed ou Current Account. Deposits received for fond periods at rates tu be tained on application.
EISHIONO, Manager." Hongkong, 6th April, 1913.
annum.
For 12 months, 4. por cont. por
annum,
A. G. STEPHEN, Acting Chief Manager.
[18 HONGKONG SAVINGS BANK
THE CHARTERED BANK OF
INDIA, AUSTRALIA AND CHINA.
Incorporated by Royal Charter 1853.
HE Business of the above THE
Bank is conducted by the HONGKONG AND SHANGHAI CORPORATION BANKING
Rules may be obtained on ap plication.
Yangtezes
PIKE INSURANCESĮ China Fires..
$20. $155 h. $50 $392 b. $25 $9. sa. & b,
Hongkong Fires SHIPPING, China & Manilas Douglas Steamship $50831
$15 $261 b. Steamboats Indo-Chinas
adi
(Preferred) £5 360 (Deferred)
Sholl Transports £1
£11
b.
"Star Ferry" { $10 $45
REFINERIES.
$100 $79. $100 $28
B.
HEAD OFFICE-LONDON.. INTEREST on deposits is al- China Sugars Paid-up Capital ... £1,200,000 lowed on the minimum monthly Luzon Sugars Reserve Fund............£1,800,000 balances at $33 per cent. per an•
THE
NOTICES
ARM.
Manager DEUTSCH ASIATISCHE
OHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up...$1,250,000.)
Capital Fully
BANK.
Paid-up...Sh. Teels 7,500,000 Head Office.Shanghai, Board of Directors-Berlin. Branches:
Berlin Calcutta Canton Hamburg Hankow Kobe
Loans on Mortgage of House Pro-Peking Singapore Tientsiu
been reduced to only 20,000 tonsin THE HONGKONG CENTRAL
ESTATE LD. tions the to any adverse develop the United States and 34,000 toga ment in connection with the in Europe, there would naturally NOTICE is hereby given that the Statutory Meeting Company's airs.
have been a strong demand bui for the temporary business de-of Shareholders of this Company pression affecting the shipbuild. will be held at the Offices of the party, &c. July 1.
MONDAY 27th inst.
London Robber Market.
Goods received on Storage.
Tsinanfu Tsingtau Yokohama. LONDON BANKERS:
The East Asiatic Companying and other industries which General Managers at NOON OP Advances made on Merchandise:Messrs, N. M. Rothschil & Sons.)
require copper. An improvement |
published the following report in business conditions, coupled The market in London yesterday with the short supply, will most was easier. The closing prices likely lead to a brisk demand for this metal in the latter half of
wore Hard Fine Para Spot
*
11
. 2/9 the year.
11
By Order, A.SHELTON HOOPER, Secretary to The Hong- kong Land Investment & Agency Company, Id. General Managers, Hongk.ng, 6th July, 1914.
MAN LOONG.
1
Loans made on the Provident The Union of London and Smith's
Bank, Limited. System.... (Rates and Particulars on ap-Deutsche Bank (Berlin), London
Agency. plication).
Direction der Disconto Gesell. schaft, Dresdner Bank. INTEREST allowed on Current DEPOSITS received Account. on terms which may be learned on application. Every description of Banking and Exchange bust ness transacted.
The Office of
OF TRUSTEE, EXECUTOR
WILLS, ATTORNEY, &o:, Undertaken and Executed.
SHEWAN, TOMES & Co. General Managers. Hongkong, 19th March. 1908
FIRST-CLASS PRESERVES, GINGER PEAK TRAMWAY Co.
AND BOY MANUFACTURERS.
Factory at Yaumati
OFFICE: No. 36, Dos Your Road, W. Telephone No. 177 & E. 19.
E are the leading Manufacturers in Gingers are all fresh and of the first pick
this class of Goods. Our Fruit &
Chir Byrup prepared from the best
A
AMERICAN DENTISTRY
The Latest Improvements toward Larting Workmanship and Polainas Operations. No charge for examinations. Feesmoderate. Diploms, Tokio
Forward... 201 First latex crepe, delivery
London Tea Report. next three months... 2/11
London, June 12. Java-Rubber and Produce, Messra. Wm. Jas. and Hy The report of the Java Rubber Thompson write in their Weekly and Produce Company, Limited, Tea Circular:-The easier tone states that, after providing fox noted in our lost has become directors' fees and all London accentuated during the week, and expenses, the accounts for the the market has assumed year to December 31 show a loss irregular tendenor, especially for of 2889, without writing any new season's Indians between thing off for depreciation. This 3 1/2. and 98, por lb, and prefer. very unsatisfactory result is dus able quality has not always been to two canses, the drop in the reflected in quotations; but at-quality of Sugar. We give our special price of rubber and the recurrence tractive liquoring sorts, especially attention to our business and auditory of a drought in East Java, even from Darjeeling, have sold well. augmente more prolonged and severe than The Ceylon and Java sales have that of 1912. The coffee crop also passed with a rather quieter PORCELAIN FILLINGE. amounted to 1,316 cuts, against tone, and have cccasionally sold an estimate of 1,578 cwis. The at slightly lower prices. Obina: estimate for the current year Arrival, Kashima Maru, with 162 equals 120 cuts. The rubber pkgs, and 203 pkgs, in transit: Dr. T. YAMASAKI obtained was 52,351 lbs., against Perseus, with pkge: Public an estimate of 57,500 lbs., andre auctions amounting to 548 pkgs, alised an average price of 2e78d. were hold this week, Privately per lb. gross, as compared with 45. The market remsing unchanged, Zid. per lb gross obtained in and no alteration in prices can be 1912
The estimate for the car quoted for the fortnight. Common rent year is 85,000 lbs, dry rub Moninge bave been taken to ber, of which 61,157 lbs. has been arrive at quite reasonable prices, collected to the end of May and a fair amount of business has Financial Outlook in Egypt been done in fias Kintncke dus The annual report, just publish next month. Arrivala at Hanków, shows a decided falling off in for twelve days of the season are revenue for the year. The 35,000 half-chests more than last jedla for land develop-year, and the crop is reported to hich have been embarked be inferior to last year's, especiall
and the urgent calla in make and colour. Business for
ure on Keemuns has been fairly gen Lirions municipal-
sipalk and ratasru betler, prices
34, Queen's Road Central
(Corner of Flower Btroat.) Talophone 1862. ANN
EMARTIN'S
PAPIOLASTEL
A Trench Wama dý tón allfreigUÏCITIESA,
1.Thorenade or fadan always handbaserat
• ALATTIM'S PÍŠta ka the hoone,
sign_of; knyʻZeemankarily) of ÷zia) Byskal a Luậy đasa maz, kenndalichstered. Zhose wis
LIMITED.
TIMB TABL.H.
WEEK DAYS.,
2.00 A.M. to Lo Event 15 Man. 1.00 AM, 19. 10:00 AM-. 50.00 AM. $0 11.00 AM 12.30 AM, to 18.45 PM 10:43 r.3, to LAS PINGITA
$u$ 230, 13 KAS F., to 1:00 PM: 10
'15 Mew.
20 HIN
3
MAX GUTSCHKE Manager. 12 |Hongkong, 9th Oct. 1911.
THE MERCANTILE BANK OF INDIA, LIMITED. Authorised Capital
Subscribed
Me
- Maxi
Paid Up
∙15 Mxx.
NIGHT CARS. RSG SMI Kad, à ratų, pins 2,3, to 1200 Fiat every ball bear
11:00 PAL 101245 MM. A „Avery quarter of in hours -----SUNDAYS, DYS
7.45 AM to 30.10. Ewear iy-Man, 10:40 4.36 10:11,30 SAPIERO VERA
Noor to 1.00 P10 Wto MIN
3.00 7.26 £56.00 7.26: ม.
NIGHT CAR5 at^en (Wask' Days,
· SATURDAYS
Estes. Car in midsight.
SPECTAL 'CARS.
By Armagement st”ibe Company's Oct
Almansden*. Kulidings,
"Des Torka Rákdie
SINGON & CO.
ished A??D. 18802%
FAL and HARD.
Reserve Fund
|
MININO.
Humphreya Estates $10 871 B. Kowloon Lands $30. $44 Shanghai Lands T. 30 T. 92.
West Points
COTTON MILLS.
$50 1973
Manila M'pole Hotel P.10 F. 8
T. 50 T. 130 Ewos
T. 110 b. Shanghai Cottons
(T. 82 Laon Kung Mow Kung Yik
T. 11 Hongkong Cottons $10 $74 b.
11SCELLANEOUS.
$12 $11 China-Borneos
タイ Light and Powera $101 Do, (Spec. shares) $1J China Providents $10 $8, Dairy Farms
$6 $3 Green Islands $10 $6 Hongkong Electrics $10 $10
$25 $200 Hongkong Ices Hongkong Ropes Langkateg
*"
...£1,500,000 Morning Post
1,125,000)
562,500 465,000
Peak Tramway
BANKERSTO
Bank of England. London Joint Btook Baus, Limited.
Every description of Exchange business transacted
Interest allowed on Current Ac counts at 2 per cent per annum
$10 $25
g. 10 T. 47.
$25 $29
$10 $91
$1 90 ots: s. Do. (new) Hongkong Electric Trams 12/6.
Philippines
$10, $5 H. Price & Co., Ld $10 $6
Fro Soolete desferred
Pulpesot $50.||$20 Papeteries
du Tonkin
paid up. $50
Benefit $200 Shanghai-Sumatras T. 20 T.150 Steam Laundry $565 on Dally Balance and on Fixed United Asbestos | Deposits at rates which may be Oriental Agency, 810 €/$91£ b. sscertained on application.
THE Cannot be For Broad and meal
Id ARLINTON United Asbestos
Manager..
Founders Shares Union Waterbott
Welham L CAFE
illed, w
$300
Final of $3 a/c 1912. In-
torim of $18 a/o 1913 Final of 10 p.c, making
20 p.o. for 1912 Final of $20 making $50 )
for 1912 and Interim of $30 for 1913 Final of $12 mak. $15 fort 1912&Int.cf$3 for 1913)
$10 for 1912- $27 for 1912
$1 for 1906
$2.50 for year end'g30′5'13 Final of $1 for half
year ending 31*12′13 3% Interim alo year
1913. on
shares
proferred.
Final of 5 making
7/- for 1913. Coupen No. 22.
$1.70 per share and bonus
If
of 30 cents per share for
year ending 30'4'13
$3 for 1912
$3 for 1897
Interim of 5% Coupon No.
3 account of year end- ing 10.6.14.
Int. of 1/6 mak. 6/6 a/c, 1913
1/2 for 1909
$3.50 for year 1913.
$3 for 1913
Tls. 3 for 1912
Interim of Tis 3 for 1913
Tla. 6 29*2*10
First year
$7 on old shares, $3.50)
on, new
shares for year 31*12'13
$316 for 4 year ending 31.12.13
50 cents for 1913
$2.80 for 1913
Interim of 5 ps. for yearending 30'6′13 $2,25.) for year endingi 31.12.13
15 per cent, for 1910
Tls, 15 for year ending i
ending 3110 13.
Tls::10 for year end-
ing 30°6′13.......
T.12 for yearend'g3112′12 Tls. 14 for year ending}
3011:13
50 cents 31.7.08
$1.20 for 1913
70 cents for 1913
$1.30 for year end'g 317 13 40 cents for 1911 $1.80 per share for 1913 Interim of 2 a/c 1814, 1 $2 for 1913
Interim of Tls, 1 mak- ing Tis. 2 alo 1813- "None
80 cents on fully paid shares and 8 conta on $1paid shares for yoar ending 30.414 DE Tinal of 6d. making 73d. Į
per share for 1919. None
$1.50 for 1910
None
No dividend this year, 50 cts. for year end g $1.5.12
(20 per cent, per ordinary share for year ended 91-5-1912
$1.25 por share forgear Rending 9112719150R
25 per cent for year
ending 91711
10 cents for 1919 000 50 ots, yearending 6.30,18 WRIGHT AND HORNBY milre zod Strat. Tel, addriarece