THE HONGKONG TELEGRAPH, TUESDAY, OCTOBER 24, 1916.
COMMERCIAL
Indigo. Mentre. Moran and. Co. write (Calcutta, September 20):-The tone of the market is distinctly better, and were there more Indigo ready for market, and on offer, there would be more basi news doing. We hear of trane- actions in Karpah at full rates and quite equal to the opening values of last season,
The Rialog Price of American
Cotton
American cotton continues to advance and there is good reason for thinking that still higher prices are in store. Beuter Liverpool quotation of October 16 is su follows:--
Spot
10.291. October-November 10.164, Planters January-February 10.16d. continue to advise us that the The corresponding quotations Bgures originally given as an of a week ago, October 9, were: estimate of their oattern, owing-10,06d., 9.95d., and 9.963., to the unfavourable weather, re- while three days later the rise was quire to be reduced, and it would to_10.158,, 10.01d., and 10.021. look as if the Behar crop will not" Ball operators are buying with be so very much larger than that of last year.-
Chinese "Cotton.
India Tea.
NEWS
concerned. In India a large mana- fastaring concern of this kind could be run vary economically by Government owing to its being in a position to obtain land, labour and power at very cheap rates. It would be noessary however, for the Government to invite all firms to join in the combine by having all machinery required for use in and about India manufactured by Government in India in socord- ance with the firm's designs and patents.
Trade with Russia.
Domtelon Dividend.
At a meeting held in Shangbai, last week, the directors of the Dominion Rabber Co. decided to declare an interim dividend of 50 taal cents per share to sharehol- ders on record on November 3.
HONGKONG SHARE REPORT.
6-SELLERS; BA-SALES; E-BUYERS; N-NOMINAL.
Banks
OFFICIAL PRICES.
BANKS.
D.
MARINE-INSURANCES.
BANKS.
BANK OF CANTON
LIMITED.
HEAD OFFICE HONGKONG
FOREIGN EXCHANGE and General Banking Business Trans- acted.
CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- ceived.
INTEREST ON FIXED DEPOSITS:
For 3 Months 3% per annum
For 6 Months 4% per annum
*$765
by
..the b.
$400 t. 157] #996
1. ex 78. $215
b.
ย
$154
$387
SHIPPING.
b.
$129
For 12 Months 41% per annum | LOOK POON SHAN,
b.
#211
Chief Manager,
da.
$159
b.
$46
112/6
NOTICE
828
Hankow Piece Goods Trade. The weekly circular of the Han kow British Chamber of Com- Cantoos meios for October 11 commente North Chinas as follows on the import piece Unions goods.market:-Market has been Yangtszes quist, bat there is a firmar FIRE INSURANCES, tendency and a better feeling China Fires prevails, clearances of greys and H. K. Fires fancies continuing good. Greys and whiten have advanced half made during the week.
Douglases brisk demand for Shanghai yarn Indos (Def.) The Steamboats in undiminished at steadily Indos (Pref.) advancing_prices" following the Shells boom in Shanghai, and prices Ferries have advanced Tia, 5 per bale in
Yarn clearances are Sugars
bales Japanese yarn and 800 balss cloth are reported.
That there are many eyes on the possibilities of trade expansion with Russia after the war is rident by the great interest taken in the eubject by manufao- tares and others in the United Staten. The Russian Market: Its Possibilities and Problems," issued by the American-Russien Chamber of Commerce says: a week. American trade statistics shows that during the period from 1901 | to 1910 the total export trade of the Russian Empire increased 84 per cent, while exports to the United States increased 650 per cent. During the period 1911 to to 1913 the total Russisa exports increased 39 per cent, while the exports to the United Bates in cressed 115 per cent. Similarly, there was a remarkable growth in the exports from the United States to Bassis, but as the reports of the Russian Hinistry of Finance state, the real amount of our trade with the United States is not shown because of our au developed direct trade relations, and because Germany. Great Britain, and other European countries have assumed the part of middleman and have been the chief profiters in the trade be tween Russia and the United Stater. The time has now come to create direct trade connections
REFINERIES.
b. & sa. $125
D.
$30 PE
NOTICE
EAK TRAMWAY 30
LIMITED
TIME TABLE.
5.0, 10
WEEK DAYS
£.00 vaan 13 Misr,
MINING
n.
1. b.
50/- 4.75 $2.75 . 28/6 34/9
1x. .. to
zo
SIE PAI S THE PR
+ M
* Mao
10
3.13 mars
is Mont
5:00 22
F
15 MIN.
DOCKS, WHARVES, GODOWNS, &C.
b.
LANDS, HOTELS AND BUILDINGS..
b.
Kailans Langkats "Japan Silk Activity. Raubs The habatse export market is Tronohs brooming active with the agri- Urais cultural season setting in Fakai and Kanawa, and with orders coming in from Americs, Eng-H. K. Wharves b. & sa. $85 land, France and Australis reKowloon Docks sa. & s. $135 ported the Japan Advertiser, on Shai Docks September 28. Recently many orders, especially thore coming from Ameries, for short term de- Centrais livery, has made the prices soar. H. K. Hotels All grades of habatas have risen Land Invest.. by an average of 20 sen. Fukui H'phreys Est. products measuring 2 abaku a K'loon Lands sun in width, especially are in S'hai Lands good demand, owing to balling West Points operations in the American market, and the prices now rang Ewos from Y. 10.80 to Y. 11.30, an Kung Yiks average rise of 30 sen. Under S'hal Cottons these circumstances, the Yangtszepoos Fokai weavers are realizing MISCELLANEOUS. large profits, even the gains Borneos
1.DC AM, CO 10:08 AM,
the 4-to
gón a to
NIGHT CALLS
*
+
10 MIN.
* Man
13 Max.
1.je pari and a zimi sig tyder la
11.00 PİNG ivory hill kom
A.M
21, 7,
to alus tule
SUNDAYS
every quarter of hours
1,00 am t -10-30 alm. Every 15 bízu. 1010 am, 10 11,00-4-3.
+
. ધૃક્
LEMENT
n.
$101 $115
ty Min.
1.00 Noom to 2:00 Pun
to Mum
LOS TIM] 10
19 MEME..
b.
$101
00 M. 10
to M.
1.00 7 10
F
b.
$7,00
2100 BAE CO 4.10 P.ML NIGED CARS a on
Wesk Days
B1.
88.
$38
t. 91 $87
COTTON MILLS. -
t. 160 t. 15
D.
SATURDAYS
Extra Car at a midnight.
SPECIAL CARS
By Arrangement at the Compray'ı. ÜB54, Alarmaden Bubellings,
De TorsBond,
"Season and punch tickets available for all cars for already fall, running at the time simted in the Company'sine zaisles, but not for special cart. Can be obtained on application at the Compary's Of Ne Base ticket will be issued until pay mens thus e- for has been made in Bank Kotus or by
Compradate onder representips Bank Cheque.or
JOHN D. HUMPEREYT & CO.
CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
B. b.
b. b:
£111
t. 6
$8%
$4.75
THE
€9.20
6.
b.
$30 $10,25
b:
* $541
$ 160
8.
$30
$95%
$7.30 $10,00
b.
$31
the $17,00
b.
#6,30
6.
$6,90 $29
CORRECTED TO NOON TUESDAY OCTOBER 24, 1916,
every confidence" telegraphs the New York agent of Messrs. Tats, Sons and Co., which may be Mosere, J. Spunt and Co.'s taken to mean that speculators weekly cotton market report, are expecting higher rates. New dated Shanghai, October 19, York quotations of October 16, saye-The market dating the which were 30 points higher than past week has been rather more on Saturday, were: January active, with a gradual hardening 17 82 cents, March 17.80 cents, tendency, in sympathy with May 17.99 cents. Both New York"An analysie of both Russian and satisfactory. Sales of 2,5000 Malabona advances in middlings and and Liverpool are bullish.-N. O. Indians, the former has now | Daily News. reached a high level of 18.19 Manufacture of Electrical cents for December and 18.30
Apparatus In India. cente for March with strong opera- Attention is being devoted in tion by the balls, who are buying the Indian technical prem to the largely. Aside from the daily development of the electrical in- gossip regarding the recent dustry in the Dependency, says advances in middling and the Journal of Commerce. As far ita fatore probabilities, the engineering material is con- festure has been the contina-oorned, there is little doubt that ance of good commitments from India has proved herself quite up the interior marts which will to the task of producing both the cause a further iccrease in the quality and quantity required in visible supply unless offset by whatever branch of manufacture large poobsses by Japan, and bas been forced upon her owing the refusal of ap-country ginners to the war needs. It is suggested and bolders to accept current that the field should be extended prices. With a good supply of to electrical goods that are at cotton in the hands of the farmers, present imported. It is pointed however, the movement will un-cut that most of the large English doubtedly abom up very largely, electrical firms have representa with the result that the supply tives in India, but that few have should be one of the largest on either the material or the staff for record. As to the altimate course carrying out contracts that may of prices, a conservative policy be offered. In all works of any appears to be desirable for the magnitude the whole of the ma- immediate fatore and smell par terial has to be obtained from for the benefit of both countries. of the 2 ebata 4 sun article of China Light & P. b. chases from time to time for the factory in Europe, and To cure & permanent foothold 100 momme being not less than Providents present needs seeme the soundest in most cases the actual erecting in the Basaian market it is 70 sen. The good demand for 2, Dairy Farms policy for the time being. Tone staff also is imported for the essential that many American shaka 4 san babutas resulted in Green Islands of the market, Firm.
carrying out of the work. Most, firme should create companies in the increase of production in H. K. Electrics if not all, of the rair material re- Russia for the purpose of develop- recent years. Another feature of H. K. Ice Co., Messrs. J. Thomas and Co required for the manufacture of ing Barsian business enterprises, the market is that the production | Ropes port as follows, according to electrical plent and machinery is and a knowledge of Russian of 5 shaku article have fallen of Steel Foundries d. Capital Calcutta, September procurable in the country, and incorporation law is necessary greatly recently because of the Trams, Low Levels. 22-Sale No. 15 was held on this being the case it is argued There has been a remarkable unfavourable exports to France Trams, Peak, new b. cents 90.
Trams, Peak, old b. September 12, 1916, 33,686 pack- that it should be utilised in India development in the joins stook In fact, in 1912, the production Laundries ages were sold at an average of instead of being exported for companies operating in Russian of the 2 shaka 4 sua sud 5 shaku U. Waterboats A. 8.5 per 16. Sale No. 16 was manufacture in some other coun- business. In 1913, 240 joint grades amounted to 22,000 hiki Watsons held on September 19, 1916, try, and again imported in the atcok companies were organised for each grade a month, but since Wm. Powells 31,914 packages were sold at a shape of the finished article for in Russia with a capital of 203, then the former increased to Morning Posts b approximate average of An. 6-9 are in India. The main reason for 000,000 dola. Among these 45,000-46,000 hiki while the latter | per lb. Prices continue to ad-this seems to be the question of companies were twenty-one for fell to 5,000 or 6,000 hiki. The rance, and with the coming finance, no firms being prepared eign companies supported by good demand for 2 shaku 4 san break in the sales on account of to lay out a large sum on the English, French, Belgian, and article is attributable obiefly to Poojah bolidays buying bas been opening up of a new industry in German capital. These com- the American consumption and strong and active, the lair amonat a foreign country, the anodes of panies had a capital of 18,000, the expansion of all its markets. of Russian freight available which is rot asanred. It is now 000 dola. It is evident that A bright future awaite the 2 in the near fatare materially eaggested that the Indian Govern- it is possible to organise foreign ebaku 4 san goods, contributing to the better maket,ment should give the lead. The companies under Russian incor- Teas under As. 8-6 were in most demand for electrical machinery poration laws at the present time. Silk and Wool Weaving. request, and some of the lower and plant in India bas increased Furthermore, the Russian business The Amagasaki Spinning Co, grades of brokens have advanced enormously during the past few interests realise the necessity of bas had it under comtemplation nearly an sans during the fort-, years, and there is no changing Russian incorporation to undertake silk and wool spinn-T/T2/2 night, while common lea! has doubt that this demand is going laws, and as the Russian Mining in addition to extending its Demand risen from As. 6-8 to As. 7-3 and to increase steadily for several inter of Commerce, Prince W. N. operations. The Japan Chronicle 30 d/s.............. Pekoes from about As, 7-3 to As years to come. Why should Indis Sohschowakoy, said in his speech reports that the management of 60 dia. 8. Dasts were in keen request not only have her own concern or in the Imperial Dame in April, the company has now decided to 4 m/s.......... on Toonday and jumped about concerns, but also be in a position 1918. We are now reviewing all establish a separate company for T/T Shanghai. 9 pies. All markets have been to export plant aud machinery to our incorporating laws. The now the spinning of silk and wool, T/T Singapore operating freely and natives were other countries? Why should she law will be based on the principle with its directors and several / Japan bidding strongly for tippy teas at not proceed in the same way as of registration instead of the now large shareholders & promoters. T Indie last asle, prices being frequently Japan did with her shipbuilding existing principle of special per- The new company will have ́n
Demand, India...... 163 1⁄4 1 to 2 annes doarer. Generally and other branches of manufac mission. We will sa far as possible | capital of Y 5,000,000 to be divid
T/T San Francis-}
52 speaking, the proportion taken by taring industries?
co & New York There is welcome foreign capital necessary ed into 100,000 shares, Of this T/T Java............... 126 46 foreign markets was very much plenty of available water, how for our development. "Represent number 20,000 shares will be T/T Marks Nox. heavier than it was a month ago, ever, in India, and the general atives of United States business taken up by the Amagamki T/T France 3.05 11⁄2
Quotations:
cry has hitherto been that there can enter the Enesian market in Spinning Co. and 30,000 shares | Demand, Paris ......3,06 Sept. 19. Sept 21 is no profitable market in the two ways. First: By establishing by the promoters, while the re-
1916. 1915.
BUYING. neighbourhood. Here, it is companies in the United States maining 100,000 shares will be Low Sound Leaf 7-3 5-8
believed, is the opportunity of for the purpose of doing basi- offered for public subsaripion. It 4 m/s. L/C Good Commond
creating a market that should eas in Russia. Second By or- is expected that particulars of the
4 m/s. D/P Pekoe Sco-
6 m/s. L/C benefit the country in numerous ganising companies in Russia. In scheme will be announced later: 30 die. Sydney & 2/5 7/16 chong -.7-6.
ware. There is at the present each asss it is necessary for the According to the Osaka Asahi,
Melbourne Ordinary Black
time something in the neighbour-ocmpanies to secure special per- Mr. Imanishi Hinesburo, Mr. 30 d/s. San Franc Leaf Pekoe ... &-0 7-3
hood of 100,000 k.w. of plant mission governing the incorpora. Takakura Tobei, and some other inco& New York Colombo Market-At the tea installed in India, Barms and tion of the company by notion of prominent Osaka business-men 4 m/s. Marka asle on September 20 Darly Ceylon, but no electrical work, the Imperial Government, Few are projecting the flotation of 4 m/s. France ......3.17.4 three-and-a-quarter million not even in suy of the minor American firms realise the extent company for spinning wool with 6 m/s. Francs ......3.22 14 pounds were catalogued. All disdetails, in actually manufactured to which the Rumian banking a capital of 1.5,000,000 which Demand, Germany tricta were well represented by in India in a systematic manner. system has developed. Daring will be called the a large and varied selection. A correspondent of Tadian engin the last fifty years the commercial Keito Kaisha.
Toyo Demand, New York. 52 36 A few days
TT Bombay srcentaxe *** The quality of low and medium earing expresses the opinion that joint stock beaks in Russia have after the publication of the fore-Demand, Bombay... 16314 elevation showed some improve it would be difficult to get increased from one to fifty, and going, the Jaji learned that Mr.Ito Demand, Calcutta... 16314
TIT Calcutta ment, while high, growths were buyers to purchase electrical their capital has increased from Chubei, of Oasks, and Mr. Bobel, Demand, Manila about equal to the last in some machinery that had been manu- two million to six hundred and of Tokohame, had a similar plan Demand, Singapore. 93 56 instances barely 82. Competition factured with the sexistance of thirty-two million dollars, and ander consideration. According On Haiphong 4% prem was good, although rather slow. Indian labour, but it is believed their deposits from seven hundred to the iji, the promoters of the On Baigon
344% prom. The market generally was de- that this stumbling block could million to one billion four two plans hays decided to amalga- | On Bangkok... 70 cidedly dearer, more particularly be easily removed. No doubt at hundred and sixty-Avs million. mate their interests, and on the Sovereign .... 9.03 Nom. in regard to the finest and cam the outset it would be necessary On January 1, 1915, the deponits 3rd instant the Directors of the Gold Leaf, per or.... 52,00 mon brokens the former rising to import experia for the various in the commercial joint stock Amagasaki Spinning Company Bar Silver, per oz... 324 from 6 to 10 cents, and the latter departments of an electrical ongs, banks were 13.2 per cent greater met and discussed the profici un SUBSIDIARY COINS. from 4 to 8 dente. All grades incering barine, both for super than in 1915. Branoben of the der the revised plan. As the re- and qualities abowed 200 vision and, indeed, labour, but imding commercial joint asook wuli of the conference it has been improvement in prices, except after a very short time the enb. Banks are found in overy. Russian decided to increase the oupital. to where the quality or the leaf was ordinate imported stall could very industrial centre and oia farnish Y.7,500,000 in 150,000 shares. It most undesirable. Daste and stily be replaced by Indian complate information in regard is said that the ospital hagaiready Fannings met with a strong labour without any detrimental to the credit and standing of been many times oversubscrib
affects in so far se eficieDoy
6-7
BENJAMIN & POTTS, Share and General Brokers,
Princes Building.
Tel. address: Broker.
EXCHANGE.
SELLING.
2/2
2/27/16
2/25% 2/2 11/16
70 16 939% 102
163
2/3 3/16 2/3 5/16 2/3 7/16
53 14 Nom.
DISCOUNT PER
105
(Capital Paid up...$1,250,000.)
La on Mortgage of House Property &c Goods received on Stuaţi
Advances made on Merchandīnu. Loans made on the Provident System. (Kales and Particulars on
The Office Plication
TRUSTEZ, EXECUTOR OF WILLS, ATTORNEY, &c, Undertaken and Execstad.
SHEWAN, TOMES & Co. General Managers,
MITSUBISHI COSHI KWAISHA. (MITSUBISHI GO.)
COAL DEPARTMENT,
BANKS
HONGKONG & SHANGHII
BANKING CORPORE
TION, Paid-up Capital .........$15,00€,0€ @ RESERVE FUNDS:
Sterling
£1,500,000 at 21-
-$15,000,000 Silver ...$18,000,000
· $33 000,000 Reserve Liability of
Proprietors............... $15,000,000
COURT OF DIRECTORS.
W. I Haltendas Esq.--Chalde
8. B; Dodwell, sg, Deputy ( kaleman G. E..Sdkins, Meg
a F. Ubbey, E.
Hon. Mr. P.X. Brok
Hoo, Mr. D. Lodila,
J. A. Flammer, Bag.
lion. Kr, Ebla
CHIEF MANAQIS
Hongkong M. J. Blubb, Esq.
XAKAGEE
Shanghaind. G. Stephen, Esq. London Bankers Loader Coaty and
Resumixer, Limited.
Hongkong-Interest Allowed
1
Os Current Accounts at the rate of 2 par cyot gar
nunum ou the daffy balance
FOT
ON VELED DEPOSITS. mouths, #4 per cent per ana months, per cent, per satu. For te months, 4 per cent, per annum. N. J. STABB,
Chief Managen
HONGKONG SAVINGS BANK- THE Business of the above Bank is conducted by the HONGKONG A SHANGHAI BANKING CORPORATION, Rules may be obtained on application INTEREST on deposits in allowed on the měni intim monthly balances at Syi per cui per sam
Depositors may transfer, a their option, balances # $100 or more to the Hongkong and Shanghel Back to be placed on FLIED DEPOSIT u sent, per Besim.
SOLE PROPRIETORS OF TAKASIMA, OCHI, MUTABE, KIS N. IDAKE, YOSHINOTANI, HOJO, KRKA- ZUTA, SAYO, KANADA, SHINNEW, KAMIYAMADA, BIBAI and OTUKARI
Collieries.
Agent for SAKITO COAL
HEAD OFFICE. MARUNOUCHL TOKYO.
For the Hongkong and Shanghai Nasking Carporni
N. J. STABB,
Chief Managır.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA
Incorporated by Royal Charte 11 BEAD OFFICE-LONDON, Faid-up Capital.com £1,100,000" Reserve Fund
$00, CGR Reserva Liability of Proprietor£1,000,000 POREIGN EXCHANGE and General Banking
buincia LACTEŐ. CURRENT ACCOUNTS opened and IIED DEPOSITS received for year or shorter periods, as rates which wi? be quoted en application, T. C. DOWNING,
Manager Hongkong, 11th April, 1912
THE MERCANTILE BANK OF INDIA. LIMITED.
Head Office 15, Gracechurch
Street, London.
Authorised Capital ......£1,500,000 Subscribed
Paid Up Reserve Fund
H
BANKERS:
The Bank of England.
1,123,00€
362,500 $50.00
The London Jains block Bank, Limited. BRANCHI 20
Bombay
Calcula
Colombo
Delhi Galle
Hongkong
Howst
Kandy
Port Locis (Maaritius.)
Каласы
Kota Bhara Kunis Lump Madras
Penang
Kangoon
zhangbal
zingapore
HONGKONG BRANIH,
Every description of Banking and Exchazja business transacied.
10terest allowed on Current AccoKANTE SÅ Y THAT CHOI per annum on Dally Balneas, and on Fired Dupoal At rates which may be ascertained on application.
C. CHAMPKIN,
Acting Manager.
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
55, Wall St, New York
LONDON OFFICE? 36, Bishopsgate, E.,C. CAPITAL PAID UP......$3,250.000 RESERVE FUNDS...
.$3,628,000
..$6.878,000
US, GOLD
BRANCHES :-
BRANCH OFFICES :-NAGASAKI MOJI, KARĀTSU, WAKAMATBU, ОТАВИ, MURORAN, HAKODATE KOBE, ÓSAKA, KURE, TOKYO, YOKO- HAMA, NAGOYA, TSÚRUGA, VLADI- SOMBAY VOSTOCK, HANKOW, PEKING, LOX. DON, NEW YORK, SHANGHAI, FONGIONG HAIPHONG nd
CANTON
CALCUTTA
| CANTON"
CEBU, COLOX HANKOW
•HONGLONG PEKING. ZOBR LONDON
MANILA
SAN FRANCISCO SHANGHAI BINGAPORE
MEDELLIN TIENTSIN PANAMA YOKOHAMA
Through its close affiliation with The Mushtrrina City Bank of New York, the Bank is able to offer the Barvicks of the Branches of that Institution la Cabe
and Fouth America, namely
BUENOS AYRES, HAYANA, MONTE VIDEO, RIO DE JANEIRO, SANTIAGO, DE CUBA.
SANTOS, BAG PAULO.
All kinds of FOREIGN & LOCAL BANKING BUSIX 288 transacted.
CURRENT ACCOUNTS opened and FIXED
application.
Cable Address---"IWASAKI," Codes: Al, A.B.C. 5th Ed., Went ern Union, and Bentley's.
ÅGENCIES . CHINKIANG-Mesars. GEAR- ING & Co., MANILA-Messrs. MACONDRAY & Co., SINGA-DEPOSITS received at rates to be ascertamed be PORE — Messrs. BORNEO: Go:
8. S. MARSHALL, LTD., GLASGOW--Messrs. A. E.
Manag Hongkong. Ist June, 1916. BROWN, MOFARLANE & Co., LTD
For Particulars, apply to-
K. KATO,
Manager, No. 2, Pedder Street, Hongkong.
MARTIN'S
APOLSTE
MARTIPE
THE
YOKOHAMA SPECIE BANK,
LIMITED.
Established 1880.
Anthorised Capital Yen 48,000,000 Paid-up Capital 30,000,000 Reserve Fund...... ... 20,800,000
#
Head Office.-YOKOHAMA.
Benches
Kung Ho
New York
Osaka
Barbar Calcutta
Changchan