"THE HONGKONG TELEGRAPH, WEDNESDAY, NOVEMBER 8, 1916.
COMMERCIAL 7
NEWS
Fashua Coal,
HONGKONG SHARE REPORT.
S-SELLERS; SA-BALES; K-BUYERS; N-NOMINAL
Banks
OFFICIAL PRICES.
BANKS.
B
exportad abroad, and the balance MARINE INSURANCES. of 200,000 tons is appli Cantons bankers to ships at Dairen, New-North Chinas obwang, Port Arthur, etc. To be Unions more particola", says the Man-Yangiszes churia Daily News, the consump
FIRE INSURANCES. tion at Dairen is put at 110,000 China Fires tons, being divided between ile H. K. Fires best mills and other planta re quiring 30,000 tons and the other consumers at large requiring the the balance,
Asiatic-American Trade,
American Competition. own country by British labouri Attention in directed to the in- Business man, in considering The policy we have indicated crossed American trade with Asia | the economic problems of the with regard to our dealings with Out of the estimated annual by Igures made public at Wash- future, “bare, very naturally. neutrals is purely a defensive output of about 2,500,09) last ington last month by the dera-te directed their attention almost one. We do not seek a "trade from the: Fushun Collieries, ment of commerce for seven exclusively to the trade relation war" with any neutral country: | 1,500,000 tons, inclusive of 700, months of fiscal year, which show ship of ourselves and our Allier Our object is to free aur markets 000 tons for the consumption of importe $301,379,000, G. com with the enemy countries. That, and those of our Allies from Ger..the 8.M.R.Co., is disposed of in pared with $152,580,000 for seven, undoubtedly, presents the greatest man domination, so that we may Manchuria. 800,000 tons are mooths of 1915. Exports to Asis economic problem with which the trade under fair terms of compeii: for same period were $220 345- Government will have to deal. tion. We have no thought or in- COO, ampard with $79 979,000 Bat it is also important that we tention of being a party to any is 1915. Exports on a high -osle should consider our position with thing in the nature of a tariff, contibus inm America to Euro- regard to neutral countries, the union directed against central pesa o ustrice; tlo e to Great greatest of which is the United countries. It is not our policy to Britain being for seven mouths States. Most neutral countries, it exclude neutrale from our market, $1,048 621,000, compared with is common knowledge, are en-bat to sttreat them to it, in order $660,280,000 in 1915 Exports joying spell of almost in- that we may pay for the goods we
commercial to France, Greece, Italy, Japan, pricedented
and purchase from them by goode Canada and Russia all show sub- industrial prosperity owing to the made in this country. But it is stantial increases, the most-not-war, and they will doubtless, da likewise our policy taobtain more | able baing to Rusia in Europe their best to maintain their ir-¦ favourable terms of entry for our which amounted to $124,682,000, dressed business alter the war is | goods into neutral countries, and compared with $48,927,000 for over. It`s for us to see that, when we can only obtain this by tariff even months of 1915, and to normal conditions are restored, we negotiation. In a word, the war Romis în Asin $114.089,000, do not permit the fruits of victory has taught an the necessity of compared with $18 881,000.
coming into line with all other civilised nations in order to protect car home industries and to raise additions, revenne. No neutral country, lasst of all the United States, can object to ne adopting an economic system which all of them have proved to be advant ageous, nor can they possibly im. agile that such a policy is dictated by motives antagonistic to their own trade and Journal of Commerce.
Germany and Ramsalen Petroleum.
to be anatabed from us and our Allies by countries which have not only taken no risks and The production of petroleum shouldered no financial burdens, in Rumanis bas "decreased but have made money out of our materially during the war, the necessition, United States exports figures for three years 1913.15 to the United Kingdom and being 1,890,000 tone, 1,770,000 British Posessions have enor tons, and 1,670,000 tons. The mously increased during the war, export trade in the products In March, 1814, they amounted which were allowed to be export-in value to 82 million dollars; in ed has, on the whole, been done the corresponding month of the at very remunerative figures, but present year they amounted to no the export has receded consider-loss than 206 million dollars. In ably in the matter of quantity. the same period" America's ex- The aggregateexport of petroleum porta to our Allies rose from 28 `and by-products was, for the three to 118 million dollare. years, 1,036,444 tons, 684,024 exports to Germany and her Allies tons, and 429,087 tons. The ex- have, of course, practically cessed, ports to Germany and Austria thanks to the stringency of the Hungary were:-
British blockade, but her exports Austria. to other neutral countries incres Germany. Hongary.sed from 47 to 89 million dollars,
Toos. Това. 126,295 77,18£ 99,165 84-253
1913
1914 1915
Her
new
Sugars Malabons
Raubs
Tronohs Urals
MINING
Dairen's Metal Imports.
The importof some of the metals into Dairen for the quarter ended June 1918 show quite enbetantial incresses when compared to the same quarter the previous year. Iron and mild steel bars totalled Kallans 29,742 picals, and the year before Langkats 14,677 picals, a diferecos of 15,065 picale. Iron and mild steel sheets sad plates totalled 40,041 picals in 1916 and 15,801 the previous year, being an in- crease of 24,240′′ picals. Gal. prosperity.vanised iron steats totalled 5,924 Shai Docks b.
in 1916 and 6,856 piculs in 1915 but, in this instance, there was s decrease of 862 picals. The value of electrical materials was Tie 132,727 and the before Tia.
JCE! 97,785 showing an increase of H'phreys Est. Tim. 35,042.
War Profits for Japan's
Brewers. Telling of big gains for the Japanese beer trade, Mr. Shiba- saki, who has been entrusted to investigate the conditions of the trade, reports from Bombay sa follows: "The Japanese bear trade with India has made marked progress sinos the European war. began and the tendency is still to increase. The principal exporters are the Japan Beer Co., and the Sakura Beer Co., both of which
British Motor Combine. The most important item of news this wook, remarks The Light Car and Cyclecor, in an editorial under this bending, is the statement that a number of big munition concerns are about
DOCKS, WHARVES, GODOWNS, &C. H. K. Wharves 88. Kowloon Docks b.
BANKE,
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
For 12 Months 41% per sanum
NOTICE.
NOTICE
PEAK TRAMWAY JO LIMITED
TIME TABLE.
WELK DAYS-
1.00 Sat, 14' Los Art, ·Evart 15 M410, za Man, 10.00 AM DE Tros até
H
H
ANKS
HONGKONG & SHANGHA!
BANKING CORPORA
TION. Paid-up Capital ........$15,000,000 RESERVE TUNDS:
Sterling
£1,500,000 at 2!».
-$15,000,000 Silver...$18,000,000
$35,000,000
Reserve Liability of
Proprietors...$15.000,005 COURT OF DIRECTORS.
ADICES, 2003.
W. la Patrnden Reg.-Chairman: A
B. Dodwell, Bag. Deputy haizmas
G. T. X. Edkiss, fag.
C. *. Gabbar Big
For, Mr. P. H. Holyoak
J. A. Plumber, Sag
Hon. Mr. Stellim,
CHIP MANAGER Hongkong-N. J. Balk. Zaq
NATAGER
Sherzba, G. Bupben, Esq. London Ben-Ledon Donty and Testisiawer, Limited.
Hongkong-nitrat Allowed i
De Centet Accounts at the rate of 7 per cent." BAR ON the daily balance,
ON FIXED DEPOSITE, DE For 3 mesiba, 1| par real per ANDEER. For 6 months, de per cent, per ausber For in months, & par coat, per annum, N. J. STABB.
Chief Manager.
HONGKONG SAVINGS BANK
THE Fakes of the above Bank is condacred by the HCNGKONG Aa SHANGRAI KASKING
•ORPORATION. Rules may be obtained on application INTEREST on deposits in allowed on the mo lasm mouthly balances at #38 per cent per annen.
Depositors may transfer at their option, briances of $100 or more to the Hoogkong and Shangha Bank to be placed on FIXED DEPOSIT si è p cent. per annum.
For the Hongkong and Shanghal Banking Corpora
.N. J. STABB,
H
**
ty Mana
ay Mr
tido.
13 mai sod 1 Pält, gyn Tum: 14 21.00 Ševery hall bows
SLNDAYS
$753
The
BA,
$405 n. x. d. t. 156 8965 1. ex 75. $255
The
До
#IGL 1387
SHIPPING.
Douglases Steamboats Indos (Del.) Todos (Pref.) Shells Ferries
si.
$126
E
$221
LOOK POON SHAN,
Chief Manager.
--- 80.
8138
b.
$161
108/9
D
$38
J
REFINERIES.
b.
$138 $3834
n.
90,-
4,93
$2,75 3:16
$4/9
ZELT PINA TA
BIS FAIL TO
2100 2,3) DO
NIGHT CARE
8941
$125
t. 91
2.10 A.M.
LANDS, HOTELS AND BUILDINGS,
đào t
10-30 Ala. Every as Mem, $4.00 AM.
s
* Min
$101
- Moom to sưpa ya
"
10. DEN
15 Ma
Да
$115
$ 1, to
H
M
Н
M
n
$101
Ts 2014
b.
$7.00
"K'soon Lands
S'hai Lands West Points D.
D.
$ 35
.D
911
$85.
AL
£,165
12.
. t. 161.
n.
n
".
t. 192
t. 6
MISCELLANEOUS.
1.
$8% $4.75
THE
$9,20
sx. rights $28
b.
$10,70
b.
$341
(Capital Paid up...$1,250,000:)
D.
$ 160
80. $34
& 35
n.
4.
$93/4 $7,5 $10 $1 $&! $17,00
$7.00
8.
$6,90 $29
Centrals H. K. Hotels Land Invest.
'COTTON MILLS.
Ewos Kung Yiks S'hai Cottons Yangtszepoos
Borneos
China Light & P... Providents Green Islands Dairy Farms H.K, Electrics H.K. Ice Co., Ropes
Steel Foundries b. Trams, Low Level b. Trams, Peak, old b. Trams, Peak, new b. Laundries
America is, therefore, doing exceeding well out of the war, partly through supplying cursel- 154,688 225,669 ves and our Allies with munitions To England, France, and Italy and foodstuffs, and partly by no export whatever has taken sending to central countries have man representing them into pool their capital to the exent place during last year, and the goods with which the combatant Indis. These men are not caly of £30,000,000 and sink their export to Basin only amounted to Powers are at present unable to trying to extend their market, but identity in a gigantia British 578 tons. Germany in mach in supply them. Moreover, being are closely studying the conditions combine. That this will embrace inreated in the Rumanian indus free from all serious competition, here. The amount of beer im action of the motor trade in try, in which it has invested much her manufacturers are making ported in the year from April 1, almost certain, and, as the object ospital and skill during the last enormous profits, which they are 1915, to March, 31, 1916, in pat is to combat foreign trade after 90 years. Of late yeare, the Ra- employing in laying down now at 228,000 gallons, of which. 62, the war, ita influence upon the manian Government and capital-plant | sod erecting
000 gallons, or 27 per cent., were motor industry is obvious. It ists have been endeavouring to workshops. America will imported from Japan. As come will, of course, be suggested, con nationalise this important indus- | thus be ia a better pared with the 8,100 gallons from tinues our contemporary, that try, and of the $4,400,000 of position "to compete
in Japan in 1914-1915, the amount such s pooling of interests will amate shown in the balance-shoes | the .world's markete at for 1915-18 in Faven and a half enable the problem of the cheap of the Steana Romana at the end the close of the than times as large, while, at the same car with a gigantic outpot to be of last year, between £2,400,000 she has over been before. time, the exports for 1916-1917 tackled as has never before been Morning Posts b. and £2,000,000, certainly lay in In order to be able to deal suo are expected to coable the amount possible, but so far as we can se Bamanir, £1,720,000 represent oessfully with American competi- for this year. There is no doubt certain at present it does not ing installations, £360,000 oil-tion after the war, there are two that the war has crested this pros
scam to fect the fields, and the balance means of things which we must do. In perity in the Japanese beer trade." transport and stook. The £1,720,- the first place, we must develop to COO of assets and debtors were the fullest possible extent the re- probably outside Kumsnis. It sources of the British Empire, In view of the attention given remaine to be seen how these two All the needs of the Empire can to the jate industry se s reruls of Protions the Rumanian and the be supplied from within its own high prices and continuous de one ontside Bumanis-will be borders, with abundance to spare mand in the past and the pro- able to work during the war. Afor the requirements of other pact of these conditions remain- enbatential sum out of the profits nations. But this requires Imperial ing for some time to come, the for the firet seven months of the organisation, and a closer part- | Anal forecast of the jute crop for Foresent year is no doubt available[nership between the Mother 1916 is of special interest. Bengal
war
The Jute Crop.
year
7,424,143
facture of light cars, which is likely to be the biggest side of the motor industry after the war, to any appreciable extent. It in early yet to speculate on the ulti- mate result, however, and the scheme will be watched with the greatest interest.
Bengal Iron and Steel.
U. Waterboats Watsons Wm. Powells
CORRECTED TO EGGE WEDNESDAY
BOVEMBER 8,.1916,
BENJAMIN & POTTS, Share and General Brokers.
Princes Building.
Tel. address: Broker.
EXCHANGE.
SELLING.
T/T
Demand
4 m/8...............
2/3 14 2/19/16
2/3 56
2/3 94. 2/3 13/16 Nom.
131 · Nom. 3.18 1⁄2 3.19
BUYING.
2/4 5/16 2/4 7/16 2/4 9/16 2/4 9/16
55.34
for the board. The last business country and the Dominions than (87.7), Bibar and Orissa (9 3) and | of iron, steel, and coal shares and | 60 die. .............reasta
A steady demand for the shares 30 d/8. The Assam (3.0) represent the jate of motor companies, such as year (7) months), after writing of has heretofore existed. £260,000, yielded £200,000 for avante of the war, fortunately, growing areas, and all three show dividend-equal to 10 per cent. bave made such a federation not an increase in the acreage under Dennis Brow, Rolls Royce, and T/T Shanghai.... on the share ospital. As regards only possible but smured. One jute, specially Eastern Bengal Charrons, has been a marked TT Singapore 973⁄4 the German Petroleum Company, of the principal instruments where the increase in 197,711 feature of the Indestris! market T/T Japan ............ 106 4 the position seems more favour which mest be used in order to scres, or nearly 18 per cent. The in the last few days,. Most of the T/T India able. At the end of 1915 the accomplish this object is Imperial total acreage in 1916 is 2,686,209 companies in these groups should Demand, India.... 171 44 TIT San Francine 54 14 Bamanian portion of the shares Preference, that is to say, the as compared with 2,375.916 in continas to do well while the war
co & New Yorkĺ amounted to 6,820,000 marks, admission of the products of the 1915, an inaresee of 310,383 La The Rolls Royce Company T/T Java besides 2,170,000 marks of other Empire into the Mother Country sores or over 13 per cent. This is has hitherto been hard hit in T/T Marks .......... Bumanian item, and in addition on better terms than the prodest attributed to the rise in the price but the market is hoping that the Demand, Paris ......
stead of benefiting by the war, T/T Francs to advances to Rumanian affilist-of foreign countries. The Domin- of jete last year. The oat-tarn in **ed concerns. As regards the ions already give a preference in bales is estimated at 8,340,266 adaptation of the company'
laiter, the Vega Refinery Com their markets to this country and this
shops to munition work will have compared pany and the Petroliter Transport to one another. It only remains with
enabled it in the financial year in 1915.
4 m/s. L/C Company, kowever, are said to be for
to reciprocate the an increase of 916,123 or over 13 that ende in October to have made 4 m/s. D/P creditors of and not debtors to the preference we German Patroleum Company, In
already enjoy. per cent. The largest increase is up some leeway. The £1 shares 6 m/s. L/C tbe second place, in Eastern Bengal, 1,054,017 bales, of the Bengal Iron and Steel 30 d/s, Sydney & and the Concordia concern has of in order to cope with American increase of 30 per cent, Bihar and Company have been prominent, 30 da San Franci Melbourne.....! late years, been able to reduce its competition, we must have along Orissa, although the acreage is rising to 43. It is asid that a
isco& NewYorkf Habilition. The trade with Romanis with Imperial Preference a greatly larger, shows a decrease of 66,- block of shares that has been in petroleum products has been of extended tariff, Amarican goode 635 balos, due to antisfactory been absorbed. The company's & m/s. France 3.35
4 m/s. Marka.Nom. overhanging the market has now 4 mis. Francs ......3.30 importance as regards lubricating|which enter into competition with weather conditions; rainfall was oile, petroleum for lighting and our own productions must, no defective early in the year and year ends in September, and the Demand, Germany.. gas oil, whilst the expart of longer be allowed to enter our very heavy in Jane and July, secounts are due in March. Lately Demand, New York. 54 3⁄4á petrol to Germany and Austris market without paying tax or toll. Assam is developing steadily both it has been doing remarkably T/T Bombay ...... has been very limited. Lately. We must treat American goods in acreage and percentage of out well, and for 1914-15 the ordinary Demand, Bombay... 17014 permission for export of petrol in the mms way an Americans | turn;
abares (cf an issued total of
TIT Calcutta the ares sown being
Demand, Calcutta... 17014 has certainly been granted, but trest British goods. Snoh a policy 78,700 sores as compared with $224,800) received 24 per cent. there were several obstacles in will not decrease the volume of 74,000 acres in 1915, and the be present price indicates that Demand. Singapore. 37
Demand, Manila
... 110 the way.
It is claimed for Ger. our trade with America, bat it outtara being 83 per cent, of better things still are looked for On Haiphong........1% prem. many that the stoppage of the will regulate it and direct it into normal as compared with 63 last next time. This may prove to On Saigon... 34% prom. Ramanian supplies will caues no more profitable channels. It will year, the final forecast being 216 for #1 share that prior to 1916 Sovereign
be correct, though a price of 44 On Bangkok.....
67.4 trouble. What is called the give us a negotiating power such 163 bales as cumpared with 158 did not get more than 12 per cent., Gold Leaf, per b... 51,10
8.65 Nom. statistical position as regards as we do not at present pomsons,† 860 in 1915, an impresas of il per lighting ou, fuel and petrol in which will enable us to obtain / cost: The Balli pomarnos and that and which in exilier, pasan fre. Bar Silver, per o... SJ 7/16 sscars for a long time to come. better terms of Katty" into the sontiseed demand warmly wifi- quently, went, likom anything, Besides, Galicia delivers prompt- American market. And it will probably absorb all the prodeo. Looks a generous pries, “Truth,
SUBSIDIARY COINS. ly the quantities contracted for, snable us to encourage the im-tion at good prices. As already and although the recently opened portation of anoh goods as we mentioned in our cabla news sho oil traffic on the Danube, vis require which do not compete Marwari jpto speculators regard Orsova, haasgain been stopped, it with our own, and to discourage the Government estimate se, 100 Le stated that this does not matter the importation of goods which high and not likely to be fulfill-
wild can be made equally well in our, ad:"*Rangoon Timón:
"A GRAND SPEC- KISMET TACULARTALE
OF THR karang mana me Arbanan ve ABABIAN RIGHTS.
-DIBOOURT, PER $100:
́hiness.....20 eta piacos 1014 dia. Chiness...10 v 2:101/%% día. Hongkong10- Hongkongtü eta, pieces 34%).
NIGHT CARE m on Week Days.
KATURDAYS
&FICIAL CALY
Et Amenagrams at the Comptay's Dico, Aamadre Beddings
Due Torra Bond
"Season and punch tickets avaliable for a
zot already fall, renning at the time stated in the Company's time tables, but not for special carr. Cap be obtained on application at the Compary's Ofoten No Besson ticket will be issued until pay insent there- for has been made in Bank Kows or by Cheque Compradore order representing Bank Fotes.”
JOHN D. MUMPHREYS & CO.
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
incorporated by Royal Charias 1753 HEAD OFFICE-LONDON, Paid-up Capital, 206.DOR Beerning to as to imports of the,800,000 -Reserve
of Proprieto,200,000 FOREIGN EXCHANGE and General Ranking
barinera eraosacied. DXTUSITE received for 1 year shorter periods,
CURRENT ACCOUNTS opened and PIXE mates which will be quoted on application.
T. C. DOWNING,
Manager -Hongkong, 11th April, 1912.
CHINA PROVIDENT |THE MERCANTILE BANK OF
LOAN AND MORTGAGE
CO., LTD.
Loans on Mortgage of Homse Property. Ac Goods received on Storage
Advances made on Merchandise. Lonas made on the Provident System. (Rates and Farticulars on application),
The Office of
TRUSTEE EXECUTOR OF WILLS, ATTORNEY, &e, Undertaken and Executed.
SHEWAN, TOMES & Co., General Managers.
MITSUBISHI COSHI
KWAISHA. "IMITSUBISHI GO.) COAL DEPARTMENT,
SOLE PROPRIETORS OF TAKASIMA, DONI, MUTARE, KISK | IDAKE, YOSHINOTARI, NOJO, NAMA- ZUTÁ, SAYO, KANADA, SHINKIEW. KAMIYAMADA, BIBAI and OYUBAR
Calliarlas.
Agent for SAKITO CUAL,
HEAD OFFICE :----
- MARUNOUCHI, TOKYO, BRANCH OFFICES :-NAGASAKI MOJI, KARATSU, WAKA MATSU, OTARU, MUROBAN, HAKODATE, KOBE, OSAKA, KURE, TOKYO, YOKO. HAMA, NAGOYA, TSURUGA, VLADI- | VOSTOCE, HANKOW, PEKING, LON.
DON, NEW YORK, SHANGHAL HONGKONG HAIPHONG ind CANTON.
Cable Address:—"IWASAKI,"* Codes: Al, A.B.C. 5th Ed., West- ern Union, and Bentley's.
AGENCIES #
INDIA, LIMITED.
Head Office 15, Gracechurch Street, London..
Authorised Capital
Subscribed
Paid Up
IN
+
Reserve Fund
BANKC11:
The Bank of Engine5,
€1,500,000
1,125,00€
567,500
150,000
The London Joint stock Bark, Limited
BRANCHES
Bombay
Calcutia Çeloba
Delhi
Galle
Hongkong
Howrah
Kandy
Port Louis (rities.)
Karachi
Kota Bhar
Kuala Lum Madras
Fenang
Rangoon
hang bal
Lingapore
PONGKONG BRANCH, Every description of Banking and Rachange business transacted.
interest allowed on Current Accounts at #per Col· per annum on Daily Balances, and on Fixed Deposi auss which may be ascertained on applicatos.
C. CHAMPKIN,
Acting Manager.
INTERNATIONAL BANKING
CORPORATION,
HEAD OFFICE:
15 Wall St., New York."
LONDON OFFICE: 1. Bithopagite, EC. CAPITÁL PAID UP......$3,250 000 RESERVE FUNUS
U.8. GOLD
BOMBAY CALCUTTA
CANTON CEBU... COLON HAKKOW
....$3,628,000
...16.878,000
BRANCHES *——
HOYCKONG PEXING.
КОВЕ LONDON
SAN FRANCISCO SHANGHAI MANILA SINGAPORE MEDELLIN TIENTSIN PANAMA ТОКОНАКА
Through its close aliation with The Wational City Bank of New York, the Bank is able to oder the Services of the Branches of that, festitution is C and South America, namely
BUENOS AYRES, HAVANA, MONTE VIDEO, RIO DE JANEIRO, SANTIAGO, DE CUBA, ANTOS, SAO PAULO,
All kinds of POREIGY & LOCAL BANKING
|· CHINKIANG-Mesers, GEAR- ING & Co., MANILA-Mesars, MACONDRAY & Co., SINGA-BUSIBERS band. PORE-Messrs, BORNEO CODEPOSITS received at rates to be ascertained en
CURRENT ACCOUNTS opened and FIXED
LTD "GLAFGOW-Messrs. A. R. *pplication. BROWN, MCFARLANE & Co., LTD
For Particulars, apply to--
K. KATO,
Manager.
3.S. MATERALI,
Manager.
Hongkong, Jet Juze, 1916,
THE
LIMITED.
Hongkong No. 2, Pedder Street, YOKOHAMA SPECIE BANI,
MARTIN'S !
MARTIN'S
THE ALEXANDRA CAY Caonɔt le Bessen, it Equal for Bread, Cakes, Confiet and maxis with Wines a
Established 1880, Authorised Capital Yan 18,000,000 Paid-up Capital 50,000,000 Reserve Fund man i ,20,800,000
W
Head Office.-YOKOHAMA.
11th Bert
Hawchwang.
New York