Commercial
The Extension of British Tride In Chine.
As regards any opportunity fr the extension of British trade in Ohina it should be noted that goode of British origin Lave already an overwhelming pre- ponderance over those of German origin. Out of the"£80,000,000 worth of goods imported into China in 1013, to imports from the British Empire were valued at £50,000,000. Of theso £15, 000,000 worth came direct fr.m the United Kingdom, and £20, 000,000 worth from Hongkong, which latter was lugely composed of United Kingdom produce and manufactures. Jiyan is the obief ocmpeilior of the United Kingdom in the import trade of Ohina; her sbare in 1013 having ́zaprcnipted a valas of £18,000,- COD, whereas Germany only aup- plied goida to the value of £4- 000,000. The principal articles of which the import from Ger- mony exceede "that" from the United Kngdem are arma and ammunition, artificial indigo, paper, aniline dyes, electrical goods, hosiery, and lamps. In the last three yetro Gir many has avert ken, British manufacturers in the supply of electrical "gcode; but there is reason to believe that much of the. apparent German succes is due to unsound methods of foanting business in Obica which" will not eurvive the present uphraval, and one may confidently anticipate a gradually expanding market in Chins for British electrical sup- plies. The chief point of interest to British traders as regards the export trade of Chinn is whether. they will succeed in capturing the trade in produce, cther then silk and ten, which is now largely in the hande of German mer- chants. This question is not en tirely of local interest, as trade). relations established by inexport. er react on the import trade which may be carried on by the same mer- chant. Tae-innin reason why Bri- tieb from bave hitherto held com- paratively aleaf from the cort trade in produce from the Yangtze Valley, for instance, is because ompetition has reduced pr fits in such business to a minimum andj even this minimum is very onaily converted into a loss when claima have to be paid, a contingency for which special reckoning must be made in a country like China where the propensity of produceIS to adulteration and shirt men Lures is inveterate. There con ditions will no doubt be remedied in time; they are partly due to the Ova-engeness of German firms to secure a footing in the trade atļ whatever cost, and when the pre- Bant depression acvar the sundry export business may be resumed on a sepader ong more profitable basis. While the dipression lasts, tonerer, it is impossible for Brities merchante to profit by any enforced inactivity of their com potitors; when the trade recovera merchants of all nationalities will: have to start en fqual terme.
Cotton Spinning Profits in England.
Ia his test cotton trade air; calar Mr. Frederick W. Tattersall gives particulars of the earnings, dividends, etc.. ef ostion spinning companies in Manchester, and it must be said that the showing| for 1014 is a poor one," although not so bad as for the three years, 1909, 1910 and 1911. A sam- mary of one hundred companies reduced to one buge milk ehowa that, after charging loan and mcrt- goge interest and wear and tear of plant, the net profit for the past year on à total share capital of £3,589,000 was only £53,200, ne compared with £630,800 ig 1913, that the percentago of profit on the abarb capital im- ployed works out at £1 9. 01. per cent., as agninat £14 128, 6J. per.cent Dividends paid in 1914 averaged 63 per cent, as cm- pared with 8 per cent. in 1913, and the net credit balances in hand at the end of 1914 amounted to £458,400, or £257,600 less than
at the end of the previous year.
The ection trade was already in
THE HONGKONG TELEGRAPH, FRIDAY, MARCH 5, 1915.
SHARE
REPORT.
COMPARATIVE SHARE QUOTATIONS,
S-SELLERS FA-SALES 1. BUYERS
NOMINAL
STOCK.
Sharea
To-day's
Number
Par Paid Highest Cloning of Value Up Prices
1914.
1914.
1915.
1651.
Lowest
Highest. Lswest. 25th Fab 93th Feb.
10
Last Dividend
and Dato
to
now
How
Banks.
H'kong & Shai Banking Corp (£7ól-/-
#
Marine Insurances. Centon Insurance Office, Ld.357) b North China Ins. Co., Ld.
Union Ins. Society of Cton, Ld.$830
Yengtsze Ins. Assoc. Lil
Fire Insurances, China Fire Ins. Co., Ld. H'kong Fire Ins. Co., Ld.
(£2: 3 & 5- bonus at ex 1/914 equal to $27.27 for 2 year `onding 31/12/14--
Final of $12 mak.$15 for 1910
& Int. of $3 for 1913.
E800 b
-12.000 $125
All
855 July. 700
Oct.
C00
800
b
10,00 $30
·10,000 £15
350 Dec. 50.
5 145 May
305
133
Oct." 257)
Jan. 160
$55
160'
ƒFinal of $3 a/c 1912. Interim
of $18 a/c 1913.
Final of 10 p.c. making 20
pc. for 1912
2,400 $250. 100 847 April 700 Oct.
$830
$839
Final of $20 making $50 for 1912 and Interim of $30 for 1913.
$235 bi
12,000 $100 60 20 April 19214 Jan.
235
225
.$150% R $395 b
20,000 $:00 20160 July 140 8,000 $250 00 395 Feb. 368
Oct.
150
150
$10 for 1912
April $95.
395
$27 for 1912
b.
8.
10 all all 30
H
30,000 $25
Jan. 514 Doc. 20,000 $50
Mar. 274 Nov. 29 80,000 $15 all 2014 Jan. 23. Dec.
24
F
£60,000
60,000 £3 $3,797,610 £1
79
all
Jan 50
all 106 Fob. 70/-
77 Sept.,
Sept.
75
87/0
• 87/6
..$37
40,000 $10,
all
49
Mar.
40
Nov.
37
37
Shipping China & Manila S.S. Co., Ld86) Douglas Steamship Co., Ld. $19 Hongkong. C, &:M.S.S: Co.,L.023
Indo-China Steam Navigation
Co., L
Shell T'port & Trading Co.. Lá.87/6
Star Ferry Company, La.
Refineries. China Sugar Refining Co., Le.$11 Luzon Sugar Refining Co.,Ld:$19
Mining. Kallan Mining Admin'tion. 324- Raub Australian Gold Min-
ing Co., Ld............ Tronoh Mines Ltd.
F
......
Docks, Wharves and
Godowns &c.
$65 b. Hongkong& K.W.&G. Co., Ld. ex. div. H'kong & W'poa D Co., Ld. $57 an, b SheiDock& Eng. Co. Là
S'hai & H'kew W. Co., Ld. ...921 Lands. Hotels and Buildings. Anglo French Lands...t.94 H'kong Hotel Co., Ld..........$120
H'kong Land Investment Co.$110 H'phreys Estate & F.Co., Ld. $6 K'loon Land& Building Co., Ld $41
.107 Shanghai Lands
West Point Building Co, Ld. $68) „H'kong Central Estates...$95
Cotton Milis.
Ewo Cotton S. & W. Co, Ld. t.136 Henglong Cotton Co.
Kung Yik.. Laou Kung Mow Shanghai Cottons
12,000 $50 50 128 July
$ Bo
$1 for "1906
13 for year ending 30°6′14
[Final of 40 cta. making 90 cts. 1 for. year ending 31 12 14
Final of 3% m'king 6% on pre-
ferred shares & 5% on de ferred shares for year 1913- Interim of 1/- a/c 19140.No. 23
($1.70 per share and bonus of 30 cents per share for year ending 30'4'14
Final of 5% Coupon No. 4.
making 10% for year end- ing 30/6/14"
25/61/mak. 7/6 afe, 1913
Tis. 6 on.29.2.10
$250 for "half year ending 131*12*14
$3 for year ending 31*12*14 45 cents for year 1914
Interim of 5 p.c. for year end'g 1. 30.6.13
$2.25 for half year ending 31.12.14 $4.09 for 7 months ending 31,12,14
Tlé. 1.20 for year ending 30°11'14 Tls. 12 for 1913
BANKS
INTERNATIONAL BANKING
UORPORATION.
HEAD OFFICE:
60, Wall Street, New York.
LONDON OFFICE: 12: 36, Bishopsgato, E.C."
BRANCHES
BOMBAY, LONDON. CALCUTTA, MANILA.
CANTON.
CEBU,
PANAMA,
PEKING.
COLON. SAN FRANCISCO.. HANKOW, SHANGHAI. HONGKONG. SINGAPORE, KOBE," YOKOHAMA,
CAPITAL PAID-UP" $3,250 000 RESERVE FUNDS.............. 4,060,000
(U.S. Gold) $7.310,000 All kinds of "FOREIGN &L. LOCAL BANKING BUSINESS transacted.
CURRENT ACCOUNTS open- ed and FIXED DEPOSITS received at rates to be ascertain- ed on application.,,
̈N. S. MARSHALL,
Manager." Hongkong, 22nd Oct. 1914
THE
YOKOHAMA SPECIE BANK
BANKS
HONGKONG & SHANGHAI
BANKING CORPORA
TION,
Paid-up Capital .......$15,000,000 RESERVE FUNDS:
"Sterling"
£1,500,000 at 2/
$15,000,000 Silver:$18,000,000
$33,000,000
Reserva Liability of
Proprietors............. $15,000,000
COURT OF DIRECTORS. Hon. Mr. D. Landale-ChairmBR. W. L. Pattonden, Esq. Deputy
Chairman.
8. H. Dodwell, Esq. G. T. M. Edkins, Esq. O, S. Gubbay, Esq. P.H. Holyoak, Ing." J. A. Plummer, Esq.
Hon. Mr. E, Shellim,
CHIEF MANAGER : Hongkong-N. J. Stabb
MANAGER... Shanghai A. G. Stephen. London Bankers London County and Westminster Limited.
Hongkong Interest Allowed:
On Current Account at the rate of 2 per cent per annum on the daily balance.
ON FIXED DEPOSITS. For 3 months, 2 per cent per
LIMITED..' Established 1880. Authorised Capital Yen 48,000,000 30,000,000 Paid-up Capital Reserve Fund
19,250,000 For 6 months. 36 per cent peT Head Office. YÖKOHAMA,
Brincko Astung-Huian
Hoabay
Calcutta Changchea
Duren
Foogita
Harbin
Hooker Hanstula
Kobe
Liao-Yang
Leaden
Lyona
Tingtat
***
11
Axenciaï at
Nagasaki
Newchwang New York Otaka
Fakia Ryolun (Part Ambar)
San Francisco Shanbal... • Tiebling
Tiental
Toky
Los Angeles Tsingtan
Interest Allawed on Current Acccent.. Deposita received for fixed prilode ni ratas to be "Eited or application.
annum.
annum.
For 12 months, 4 per cent per
annum
N. J. STABB.
Chief Maragez.
HONGKONG SAVINGS BAŃK TBank is conducted by the THE Business of, the above
HONGKONG AND SHANGHAI BANKING ・・・ CORPORATION Rules may be obtained on ap
EISHI ONO, Manager.plication. Hongkong, 17th October, 1914.
NOTICES,
CHINA
PROVIDENT LOAN AND MORTGAGE. CO., LTD.
(Capital Paid up...$1,250,000.) Loans on Mortgage of House Pro porty, &c.
Goods received on Storage. Advances made on Merchandise: Loans made on the Provident
System.
(Rates and Particulars on ap-
plication).
OF
The Office of TRUSTEE EXECUTOR
WILLS, ATTORNEY, &0:, Undertaken and Executed; -
SHEWAN, TOMES & Co. General Managers: Hongkong, 19th March, 1908
b.
20,000 $100: all 7,000 $100 all
96 31
Feb. 70 Nov. Jan. 17
111
109
$3 for 1912
Doc.
19
19.
$3 for 1897.
B. !,000,000 £1
$34 "b. 200 000 £1 .27/6 b. 160,000 £1
all 41-
all 3.10 Jan, all 99/- Feb.
Feb. 33/6 Dec. 32/
32/-
31 1.90 Nov. 19/6 Nov. 276.
314
1/2 for 1909
C0,000 $50 all "50,000 $50
89
" Jan. 73 Nov.
69
65
$3.50 for year 1913.
all
77
Jan.
53
Oct.
57
$3 dividend for year 1913-
b
56,700 t. 100 all.
60
July
50.
Deo. 52
52
Tls. 5 for 19'3
b.
$6,000 t. 100 all
109
Jan.
8216 Dec.
9214
921
Interim of The 3 for 1913
THE
}
25,000 t.100 t,100)
94
94
120 Dec.
124
120
50,000 $100 all' | 11756 July | 98. 160,000 $10
Jan. all 94
7 60,000 $50 20-451 78,000 t.50 all 98 19,500 $50 all | 73 10,000 $100 all
Nov.
.110..
110
Nov.
6+
Jan. 44
Dec. 89
Feb.
41
41
$3 for 1914
Octop
107
101
June 68
Feb. 681
68
95.
95
b.
861
b
.1234 b. .86 b. ....t.89. b.
8,400 t.100 · all
all 20,000 1,50
138 July 195 all 125000 $10
814 Mar. 7 75,00 t.10 all 144 Jan. 11. Feb. 70
136 May June. 6)
134 64
Tla. 12 for year onding 31°10′14 ̧. 50 cents 31708
40,000 1.50
all
130 135
Mar. .:122 12 May 26 Feb. 70 Nov. 8316
84
89
Tis. 10 for year ending 30'6'13
4
c0000 5.
all
12
50.000 35
S.
All 50,000 $1 all 200,000 $10, all
40.000 7
Dec. May, 10
4.90 July 4 April
11
11
$1:20 for 1913
6% for year ending 28 .2.05
1
9
.6 39
B. "400,000 $10
b
90,000 $10
all' all
b.
b.
5,000 $25 60,000 $10 all
W
45
.$6
6.90 49 all | 21716 July 174
June 22. 25 325,000 5/- all 13- July 7- Feb. 5.20
250,000 10 all 64 Mar. 28 Dec.
25,000 $10 all 1014 Jan. 914 50,000 $18 "$1.93 cte, Jan. .75,000 $10 all
10
-13,200 $50 all
20,000 $5
Nov. all 500 Juno 4 50,000 $100 all 224 Feb. | 17
Jan. 17 90,000 $10 all 8 April 6.96 Deo.
Jan. 7 June. 35 Jan. 5 Jan: 36.
Nov. 74
Aug.. Deo.
74 35
70 cta, for 1914.
5.40
5.40
Nov.
42
Dec: "190 Apr.
*190
26
$2 for 1913
5.20
40
38
June
10
75 cts. Dec,
181
6.
$1.50 for 1910.
20
20
None
4
4
17
7.
...
...80748.
..$29
2.1'00 87 ali 94 Jan. 614 Deo. 6)
6,000 $25 all 30 June 92. Dec. 29
611⁄2
29.
WRIGHT & HORNBY,
Share and General Brokers.
Miscellaneous," "
China Borneo Company, Ld, $11 China Light & Power Co.,)
Ld. $4
Do. (Spec. eharos) ................. China Provt, L. & M. Co., Ld.7}" Dairy Farm Company, Ld.....$35 Green Island Cement Co., Ld. 5.40) Hongkong Electric Co., Ld. ...$42 Hongkong Ice Company, Ld. $190 Hongkong Rope Mfg. Co., Ld. $26 Hongkong Tramway Co., Ld. 5.20
Langkate
.t.39
Peak Tramway Co., Ld. (Old) $10.
Do.
(Now) $1
Philippines Ld...... H. Price & Co., Ld. Societades Pulpes et Papier-
#20
teries du Tonkin, Steam Laundry Co., Ld........$4
Union Water-boal Co., Ld.....$17 Watson and Co., Ld. $7 William Powell, Limited.
8. C. Morning Post
a depressed condition before the F/T........
Selling
kisasa e g5
$1,50 for year ending 31'7'14
40 cts. for 1911,
$1.80 per share for 1913
Interim of $2 m/c 1914-
T
....
Final div. of 6d, making 74d.
per share for 1913
Interim of T. 1 making T. 2
a/c 1913
(80 cts, on fully paidshares and 8 cts. on $1 paid shares for year ending 30.4.14
5 None
35 cte. for year ending 315′14
f$1:00, per share for year end- :
ing 31,12,1914
70 cts, for 1913
(50 cts, on old shares and 25
cist on new year shares for year ending 30.6.14
$1. Interim a/c year 31.8.14
6, Des Vœux Road Central. Tel. address, Reclitude. CORRECTED TO NOON MAR, 5, (915,
THE TELEGRAPH DOES NOT HOLD ITSELF RESPONSIBLE FOR ANY OF THE ABOVE QUOTATIONS.
war broke out and made matters Demand,1/9 5/16- worse, but since the New Year 308/8.1/936 began there has been some im 60 d/91/9 7/16, provement in the demand from
4m/8.1/9h
one or two quarters, and, although 1915 will not be a period of big TT Shanghai.....78 profits, Mr. Talleres li says there is Private 30 d/s sight every reason to expect that cotton T/T Singapore spioners and manufacturers will T/T Japan. "held their own and that the end T/T Indis
are probably be better than the beginning.
of the year will
.76
87
******183
Demand India. ...1331- T/T Bombay.
Demand Bombay...1334 T/T Calcutts
EXCHANGE.
Demand Caloutta...133 1/4 Demand Manila ........... 8714 T/T, San Foo & N.7.423⁄4 Demand, New York 42 7/8 T/T. Java T/T Marke
107% Nom
Demand Germany.......
T/T Franes.... Demand Paris... On Haiphong On Saigon *** On Bangkok
Buying
2.23 2.24
7% prem
244
87
4 m/n. L/C,...1/10 4 m/s. D/P.........1/10
6 m/s. L/C.1/10 3/8" 30d/8.8'ney&M, 1/101⁄4”
30 d/a.San Fcc&N.Y44)
4 m/s, Marks, Nom
4 m/er France (270, 72.3436/
6
do
$2.3914
W
PEAK LIMITED...
EAK, TRAMWAY ( )
TIME TABLI
WIIK DAYS.
3,00 ậu, la 100 and, (Every 15 Mar, 1,001à‚M, 10° 10-40 AM.
10,00 AM la T000 AN;
20:45 PM ED
to Mu
* Mow
19 Blur:
野
"
İsgɔ A.M.. 10 · 18.43:7MU
10
1.53 73,
»
10 MIN
2.43 PM
5,00
21 MINI
10 ME
-
3 Ma
13 PM, 19
bars, rat, to
7:00 PM: 10 307.M... 10 MI
NIGHT CARS,
8.50,2M) and a ratų ogą zmi ka
IT CO TIM <Avery half hour
$1.00 2. Ó FT4S F.MI
every quarter of an hour,
SUNDAYE
1,43 am, tờ, 20-30-am, Every:oj Mix.......
TOZÓ AJK SOČ 21,90 A 16,1,A
TO MIMI
11:30 AM, 10-M1800 Boar (19
3 M.
IMO NOON SO 1.00 22.
1
15 M
15 MIN1
1.00 7. 10
5.00 2.404
ù Ma
6:00 PM, to
Is Ma
$100 PJM, LO
10 M
$.00 7. 10 5.00 N
1,00 F
NIGHT CARS as da Week Days:
SATURDAYS
Extra Cart in' midnight.
PECIAL CARE
By, Arrragement st the Company's Office,
Alamanten Beltpar
Des Voeux Rond
CHEAP SALE.
INTEREST on deposita is al- lowed on the minimum monthly balances at $3 per cent. per sã- |num;
Depositors may transfer.at their option balances of $100 or more to the Hongkong and Shanghai FIXED Bank_to be placed on DEPOSIT at 4 per cent." per annum.
For the Hongkong and Shang hai Banking Corporation.
N. J. STABB,
Chief Manager"
THE MERCANTILE BANK OF INDIA, LIMITED.
Authorised Capital Subscribed
Paid Up Reserve Fund
£1,500,000
1,125,000
562,500
465,000
BANKERS: Bank of England. London Joint Stock Banr, Limited
Every description of Exchange business transacted.
Interest allowed on Current Ao- counts at 2 per cent per annum on Daily Balance and on Fixed Deposits at rates which may be ascertained on application.
A. R. LINTON
Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND
CCHINA.
Incorporated by Royal Chartor 1853.
HEAD OFFICE-LONDON, Paid-up Capital: ...................£1,200,000
....£1,800,000. Reserve Fund...
Reserve Liability of -
Proprietors.................£1,200,000.
FOREIGN EXCHANGÉ and General Banking business trans-"
The undersigned, who are giv-noted. APAR
ing up business, are now sacrifio-
CURRENT ACCOUNTS open- ing all goods.
-ed" and FIXED DEPOSITS re- Special terms for large ceived for 1 year or shorter periods quantities. Come soon to avoid at rates which will be quoted on disappointment.
application.
The following are a few lines carried:
Wm, DICKSON.
Manager.
Tweeds, Serges, Woollen Vests Hongkong, 11th April, 1912. [#
5th March.
and Drawers, Woollen Socks, Felt and Tweed Hats, Panama Hats, Dress and Fancy Shirts; Boots and Shoes, etc, etc., etc.
*
(Gold Leaf per tao...........857.20
Sovereign
..$11 BarSilver. ready.
23.1/8
forward
SUBSIDIARY COINS.
Discount per $100;* Chinese...20.ots.pieces $20 3/4 Chinese...10, $21 14 Hoogkong.20 ots, pieces $15 3/8 Hongkong. 109
$15/9/16:
WING FAT ÜHEÖNG,
High Class Tailor,!**
OPIUM QUOTATIONS.
24, Des Voeux Road Contral, Malwa, New
SINGON & CO.
Established A; D. 1880,
RON, STEEL, METAL and HARD
WARK MERCHANTS. Whalesale and Ratall: Ironmongers, Pig Iron and Foundry Coke Importers, Gstieral Store, knopera and Rhipehandleri, No. 35 and 37, Hing Loong Street, (2nd Street
hen, 204511
Malwa, Old
Dec. 19 ....$9,025 per p
9.125
9,325 perche.
Patus, Now Patna, Old
·9,200
Benares, New Benares, Old...
9,050
8,825
in
CATE qualled
THE ALEXANDR Cannot be Beaton, if For Breed Cakes, Confectioner and meals with Wine & Liquor.