:
THE HONGKONG, TELEGRAPH.
COMMERCIAL NEWS.
The Tea Tráda of Russia. A considerable factor in the "prosperity of the tea planution industry recently' has been the
ever, that acob is not likely to be
• Chiness Cotton,'
Mesura. J. Spunt and · Co.'s
China Tea Trade this Season.
DECEMBET
HONGKONG SHARE RELJRT.
E-SELIARS; `84.—KALES;
· B‚~~BUYERS; · N.-NOMINAL.
Unions
OFFICIAL PRICES.
BANKS.
Banks
$780
· MARINE INSURANCES,
I
5.
$4.00 't. 152.
$925
1. ex 73 8255
$155
b
$576
SHIPPING.
$&.
$191
The
#314
$139
b.
$16
104/-
8.
-$58
-- REFINERIES.
· 81281
BANKS.
BANK OF CANTON
LJMITED.
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 DFor 12 Months 41% per annum
LOOK POON SHAN,
Chief Managei,
NOTICE.
NOTICE.
b.&. 187 PEAK TRAMWAY 30
LIMITED
TIME TABLE...
WEEK DAYS.
Ladd Event or Man,
MINING
b.
36/- 1,20
B.
$234
д.
30-
A
*sa M
82/9
Ky Man.
"
Me
BEL AIR SE
14
ENT FOR S
*
II Min
1900 2,01 10
$84
$120
t. 86
DOCKS, WHARVES,
b.
LANDS, HOTELS
ever, of any type, always meet Centrals
AND BUILDINGS.
with a better reception here toka H.K. Hotels plain powerful machines, this, so Land Invest. doubt, being also an effect of the Hiphreys Est. general principle of taking on any Kloon Lands job that comes along. Tant Shai Lands lathes are much appreciated, but West Points owing to the obespness of labour automatic machines have found much favour.
Dairy Farms
MIGHT CARS.
6-31 2006) BNG 4 YNG 1995 Pant, lá -
15.09 start way half hours
avory quartar d'an houri
SUNDAYS
#
NEZ. MAGHT GANS sem. Wook Day
SATURDAYS
SPECIAL CARY By Amagiedat at the Compnayi Ofen, -
Alemanden Bulidings, Due To Bead, **Kesson 15% pouch tickets available for all cars Bot mirandy hell, suomingut the time stated in the Company's time tables, but not for a
✔ special cour, Caár be obtained on application at the Compacy's Osos Notched, will be inaund watii ps3ment thats- far has been made in Bank Folas or by Cheque or Comprador order representing Bank Bas
JOHN D. RUMPHREYS & CO.
ZARE LE D
31.00 4.3.
B.
$101
1949 ŽÍDON
М
The
$115
1. Mi
10 M
$100
I..
$6,90
2500 230 10.
vis Man
$35
+91 $86
L. 160. t. 14 t 115 t. 6
$8
$4.75
THE
b.
$8.80
露。
·826
b.
$LL
b.
$55
2.
#180
D.
.
$934
$7,00
$10
$1
b.
果菜
Th
$17,00
11.
$6,8)
D.
$6,40
婆
Japan's Specie.
Machloe-Tool Industry in- arseded, and Sunday is now Japan's total gold specia on
Japan. November 18 mounted to weekly cotton market report last ten or fifteen years that the very rare, and though there are Although it in only within the Labour troubles and disputes are generally becoming a day of root. 1680,000,000, 1.220,000,000
dated November 29, states 1997) being held at home and F.450, We have had another week of Japanese have taken up the mind- many anions 000,000 sbroad. The total gars extremely dull Cotton markets factoring of machine tools on any interests of workmen, it looking after Hows an increase of X-15,000, with practically no business pass ale, this now promises to become in very seldom that those 900 as compared with the end of ing and without any fluctuations important native industry, says come into public light, Female, last month. It is expected that worth coording. The restriction the Journal of Commerce. Very labour is used to a large extent, the figure will go over 1.700, in the trade is mostly dus to the little progress was mide until though it is generally on until 908,000 before the end of tightness in the money market, about four years ago, when the fed work. Many shops employ Cantons November. Oxing to the business in more or less of a hand Government decided that it was woman labourers for cleaning up, North Chinas general prosperity in Japan to month nature, and while prices time to encourage domestic manu- carrying away dirt and waste, and that the wige earcers ander the present conditions fetares, with the double object and keeping machines free from Yangtares have greater spending power in cannot advance much, we think of checking the excessive flow of cuttings, da, Some foundries FIRE INSURANCES. ་་ consequenos, merobants are comit to be a good time for our specie abroad, and of rendering even employ women for fettling China Fires placing that there is not a ruffi- friends to make their purchases the markets less dependent on castings and similar laborious H. K. Fires cient amount of subsidiary diver | us so soon as the situation cleare foreign supplies. Government work. Regarding methods of
and dockyards were manufacture and proossess follow- Douglases is orosiation. The Yokohams up an advance is almost certain works Bankers Association is working to take place. The rise in silver instructed not to buy imported ed, there is but little worth spec- Steamboats to the end that the Diet may is another factor in the local machinery if saitable domestic is mention. Jigs and fixtures Indos (Defa) sanction the coining of Y,500,000 situation and if an appreciable substitutes could be obtained, and are not used to any great extent, Indos (Pref.) additional 50-en, 2C-360, and drop takes place Japan will again contractors to the Government probably because there has not Shells 10 sen pisces, and 5-sen nickels buy on our market though, even were requested to use as much been any serious attempt to turn Ferries and 1 and 2-sen oopper. aking today's is of silver, we demestic material and machinery out machines on a manufacturing The total amount of subsidiary are on a lower parity than that possible in the execu basis. Most of the works will Sugars coin je vireplation is now raling in India. Tone of the tion of contracts. Infidential accept any order that come along Malabons Y.3,000,000.
market: Quies to steady.
people were sent around the within their capacity, consequast- country to encourage this pro-ly there is little opportunity for Kallans paganda, and further amistance specialisation. A point which is Langkats ̧· was given in many ways, such se worthy of notice is the fact that Raubs The China tea season for 1916, by paying higher prices for hom the advantages of powerful plain Tronohs inorassed consumption in Hamisa wasonly to be szpected suff red made machines than for imported milling machines are not appre Urals following upon the drastic tem- from the inflation of the remark- ones, etc. This naturally led to cisted as much as they might be. peranca legislation passed at the able season preceding it, says the the establishment of works for the The majority of horisontal mil. cominencement of the war, writes N. O. Daily News. Tomen, manufacture of machine tools, and ling machines in use are of the H. K. Wharves b
GODOWNS, &C. the Financial Times. Although having paid abnormal prices ap- it must be said that rapid strides universal type; which machine, Kewices Docks s exports from England have country on the strength of their were made in the quality of their though smential in the tool room, Shai Docks shrană to negligible qazatities, profita in 1915, had to face at the products. The war in Europe is hardly a manufacturing m owing to the difficulties of tras opening in Bankow in May, 19.0, has had a great effect in the obine. Universal machines, how- port, direct shipments from Euta market of very lukewarm and development of this industry, as ern ports have very largely in depressed buyers. Those ideas owing to the difficulties of obtain creased. In these circumstances were some Tis. 20 under the ing imported machines, and to the announcement that Basis preceding season. After a small the very long deliveries quoted, intende to pata further duty quantity had been marketed the Japanese were thrown prac upon tea is of considerable (apart from Keemune which were tically upon their own resources. interest. There has been rumor all taken for Rania at Tle, 46 As an example of what has been sort npwards-Bay 1/8 to 2/6) it be accomplished, it is stated in the that something of the would have to be done in order came plain that Russian ideas monthly review inued by Alfred
COTTON MILLS. to fill the gap
in the were on a very much lower scale Herbert, Ltd., that recently
Ect Ewos national revenus caused by in sympathy with Ceylons, which large works was established for
Kang Yiks b. the abolition of the vodka mono. from 11d. to 1/- had declined to the prodection of a certain article, 10,000 lb. of Uplum to be Burnt. Yangtszepoos
Shai Cottons b. poly, bat is there was alrealy a from 74. to 81. Baying for the plant consisting of roughly
The accumulated stock of very heavy tax on les imported London was practically nothing, 1,000 engine lathes, 300 capstan the Maritime Customs during the Borneos
smuggled opium confiscated by MISCELLANEOUS. into Rastis, it was, thought in and Rumiane were taking for fathee, 150 sensitive drilling last several years has reached the China Light & P.b. trade circles that the projectlers, with the remit that in July machinee, sic. Within thres would meet with so much oppose the slocke ware
neglected, mouths of the first orders being enormous quantity of 150 picul Providents non that it would probably be and buyers were able to take given out, the whole works were For want of a device that would H. K. Electrics or 20,000 lb. in English weight. Green Islands dropped. It would appear, how (though only one firm was opers completed, and the plant in-
ting to say appreciable extent) stalled, over 90 per cent, of destroy this large quantity of H.K. Ice Co the case, and that tea will bare to clean common tou st Tis. 18 to the machines being Japanese opina lectually, it has been Ropes bear proportion of the burden Tis. 20, which were some Tis. 15 made. The greatest difficulty in stored in the Customs godowa Steel Foundries formerly borne by alcohol. higher the year before, and good the way has been the lack of for a long time. The Superrim: Trams, Low Leveln According to the official Trais sweet mediam Opfas and Han- skilled workmen, but the univer- and the Commissioner of Customs Trams. Peak, old b Gasells of Petrograd, the Russian kow district tear at Tis. 23 to sities and technical schools are have made som anggestions to Trams, Peak, new b. Ministry of Francs has drawn up Tis. 27, which wars about T 20 doing their share in turning out
ihe Government which the Laundries a Bil for the imposition of an higher in 1915 Even the Chinese students having a sufficient know-
Cabinet have considered to be U. Waterboats excise duty on tea at certsio fxed gradually realised that the value ledge of engineering to enable tiefactory. A specially designed Watsons rates, graduated according to the of their produce had its limita, them to take their places in the kiln bas been constructed in front War. Powells prices of the product. In the case and in place of the range of Tis, works now established.
of the Poctong Boiler-making of imported tea this tax will be 35 opwards which they had con course there are instances of Factory, so contrived that the additional to and independent of fidently expected they rusfalls valuable machinery being badly opiam will be subjected to a · CORRECTED TO MOON WEDNESDAY the customs daty. Ten will be socepted the situation and treated owing to lack of know-
succession of burning provomer sold, as in the case of tobacco, at marketed their first crop, which ledge by the operators, but in ia fall view of the public. This BENJAMIN & POTTS, fixed prices indicated on the was about an large a 1915, this respect the Japanese, un a
kind of treatment will destroy Share and General Brokers, packages, and the excise duty (namaly about 600,000 half-chosts) whole, are no worse than other opium entirely, and the sabes
Princes Building. will be payable by means of Inbels at some 33 per cent, discount countries, taking into considers will prove atterly valaalers. I
Tel address: Broker. on the packages. No tas will be At the same time they wired up-tion the age of the industry. It is reported, says a Shanghai| allowed to be sold otherwise than country to stop later cropa. As must be borne in mind that it was native paper, that the Central in complete packager, on which result the total for the messon only a matter of 50 years officials in Peking and of this
EXCHANGE. Government as well as the high the excise labal will be pasted; was 600,000 balf-chests, net so that Japan was thrown open province will send, delegates to the name of the firm distributing last year's 955,000 half-cheets to foreign trade.
SELLING. the tea, with the quality, weight The shortage therefore, taking mente made in this time we little in this novel way. The baraing Demand -...
The develop- and price being also indicated. It Foochow into account, was some short of marvellous. The Jap will take place on December 8,
witness the destruction of opian TT
2/3 13/16 will be noted that the tax in not 25,000,000 lb. from China inanese are very quick in adjusting
2/338 only an excise duty, but also an Congous, and this shorings was themselves to new conditions, and
60 d/a........................... 2/4 additional customs duty, and the chiefly to Bassi. London re-any new methods which come
Japanese Competition fa Wool 4 [8,................................ 2/4 1/16
Trade. rates are by no means light ceived 5,000,000 against about along, having advantage over the
TT Bhanghai,... ...Nom Black tea is divided into six dif- 11,000,060 from the North. The the old, are soon adapted. For pan has recently been in the front T/T Japan A
Referring to the fact that JsT/T Singapore ··9874 ferent classes, to be sold at prices export to the United States was erampir, in England and Amerios sa buyer of wool, a correspond. IT India ....... 1712
‚ 107 34 ranging from about 4a. 2d. to 6s, much as last season, 5,000,000 to it is a common practice for mana-eat writing to the Morning Post Demand, India. 171 81. per pound. On the lowest class 6,000,000 lb. Fries for China facturers of high-class machinery remarks :--- Is makes one wonder the new tai would be about 5d., Congen derlined from 1014, in to keep a sff of expert opers to what extent Colonial prices T/T Java por 132 H
T/T San Francis-Į -55 and "on tel sold at the highst May to Gid, in September (Ladian tors, who visit their customers are going to be dictated by, say, T/T Marks ........................... co & New York/ price or anything over the fall rate, common being 1/. and 841, at the works when new machinery is Japan, Italy, Rassis and France. T/T Frinds.......... 8.1 one rouble, or 24. 1d., would be same periode), but owing to short supplied, and instruct work Little has heard recently of the Demand, Paris ......3.21 44 szanted. As proposed the rates on supplies the present (November) men in the efficient hand-increased f‹cilities in France for green tos vary slightly, but the rates are 845. for common Chins ling of same. highest rate in the same. Oaths and 11d, for Indies and Ceylon, is not the case in Japan. In reliable authority that towards This however, combing, but I was told on mot other hand, although excise duties Fraight at 134/- to London, and many instances the importing the end of the rear Fesnch spin: 6 m/s. LO 4.m/s, 1/0
2/4 9/15 in the ordinary way are supposed exchange at about 3/8, make houses hear very little farther wars would be fading the output 30 da. Sydney &
4. m/s. D/F M 2/4 11/16 2/633/16 to be levied on home productions, business almost impossible; but of any machinery they may of French combs almost aufficient in this case a very considerable a few last season test costing Ta supply when onos
2/4 13/16 delivered to meet their requiramenta. It 30 d/s. 8an Franc-? concession is made to the local 10 to Tis. 11 are going forward and paid for. It is necessary, will be a well if it is so. That industry, the highest daty on at a laid-down out in London however, for the supplier to have simply means a large transference 4 m/s. Marks Nom.
isco New York
3614 homegrown Bussian sea being of about 7d. per lb. which lowmen who know the machines of their only d. per pound. This was same teas, two years or so ago, they sell, and it is a mistake to the
competition for 4mis. France......3.53 only to be expected, as the recent would have cost about 4d. The shink that it does not matter much markets, and Japan oan
wcol into Australian 6 m/s. Francs d ly established tos plantations in Chinees however, seems like who shall be the manufacturer's expected to continue her opere TT Bombay
Demand, Germany.. Demand, New York. 35 4 the Caucame, although showing 40 poor Jack," to have promise and protected by a heavy "cherub aloft" to take care be however, is getting away from there is woollen and worsted T/T Calonta
some agent or representative. This, tions. I know for a fact that Demand, Bombay... customs duty, are not in a pos- doesn't suffer too mack, and bis the subject of this article, Labour machinery on order here in Eag. Demand, Calantta 171 171 tion to stand much extra taxation, green tos season has been as sady in Japan is very cheap, and this land to the extent of fully $1,000, Demand, Manila 110 Whether the new datice, if en coseful as his bluck was dianetrons, has a large bearing on the cost 000, and I can my farther that Demand, Singapore. 93 14 forced, will have much effect on Good crops in Morocon and Cen of manninoture. On an average, it will not be many years before On Haiphong in 3147, praan. tea imports into Rusis it is tral Avis hays created a strong de: the following are the wagu paid | Japan is able to comb all the tops On Saigon ......... difficult to my. Probably it will and at bage prices for all green to artisans: Fitters, Se per day; the can use. Big weights of On Bangkok...... pot he vary gress, adda the Fie toan, and Bysons and Chan Moon sarnars, drillas de, 2a par das machinaty orinta ancial Times writur, na tie have advanced from the opening boys (appenniner), fraun óð dr population, deprived of vodks, rates some Tis, 10 to Tia. 20. Far 103 per cure measure, about IV. can afford to speed, more upon baparis in no wall terisha shaen par day, Fans of labo 184, and is pilaacy, Hassian is Chinese ancuild War, the hate of airly long, the general rule anonstound to paying much dissetor (surpated by some ing-a-nino-and-a-half- Bighorgrios BelaDárgán Eng- #4RAZER of amor kaplódra, as other; ingluding Saintday Land. In that cong the addision je wing hoɑmigot-emulate his Ear the maller works ran on the nations" istanas · will be openn es partner, and fade away and have the Ter large and waygo Jong wiy ayly from the fold of the every math sa holidays, did
rard filar-in budget defalk Ubins tou trade?
however, in gradually being way.
01
installed.
Morning Posts
DICENSKE 6, 1918,
BUYING.
Melbourne
Sovereign Shold
VENDOR DA UN
52270.
Bez Silver, pai
SUBSIDIARY COINS
DISCOUNT-PIR : $100 +
CHINA PROVIDENT LOAN AND MORTGAGE
CO., LTD.
(Capital Pmid up...$1,250,000.)
Lone Mergugu ai Hansa Honperty Groads ived on Storage.
Advances made on Merchandise. --
Lonas made os the Provident dyseum.
CRates and Particulars of application).
The Dies
TRUSTEL, EXECUTOR OF WILLS,
ATTORNEY, &c., Undertaken and Executed.
SHEWAN, TOMES & Uc.
* General Managers.
MITSUBISHI GOSHI
KWAISHA.
(MITSUBISHI 003 COAL DEPARTMENT.
BOLE PROPRIETORS OF TARASINA OONI NUTANE, KISH- IBAKK, YOTNINOTANI, KOJOWNINA- ZUTA, SATO, KANADA, SHINAEW, KAMIYANABA, BISA! and DTUBAR
Galleries.
1.
Agent for SAKITO GOAL
HEAD OFFICE :- MARUNOUCHI, TOKYO,
BRANCH OFFICES"? -NAGASAKI MOJI. KARATSU WAKAMATSU, OTARU. MURORAN, HAKODATA KOBE, OSAKA, KURL, TOKYO, YOKO- XMASAGOZA, TEURUGA, VLADI.. VORTOGL BANKOW, PELING, LOS. DON, NEW YORK BHANGRAI, HONGKONG VERSPRONG WAY
BANKS
HONGKONG & SHANGHA
BANKING CORPORA
TION.
RESERVE FUNDS: Paid-up Capital
Sterling
£1,500,000 at 21-
****₤15,000,000 Silver$18,000,000
$15,000,
$35.800,000
Reserve Liability of
Proprietors...........$15,000,000
COURT OF DIRECTORS.
Anton, Ea
W. Fate Reg.-Chairman,
£. H. Dodail, og-Depary airman
G. T. X. Bios, Sag.
Hos
J. J. Flaw,
CHIEF MARADER
STAGEM
Shezignal-4. Q. Suplen, Z. London Barker-London County and
--W'aoumissive,. Limited.
Hongkong-Intunez &flowne i
On Oustant Accconta at the reấy số 2 per cent. asism on the daily bakhow
For
ON VILID DEPORTS. mouth, if par case, par aDRUM. Formos, 1 per cent per ZONER. For i mots & par coal par SALUR,
k. J. STABB
• Chief Manager.
EONGKONG SAVINGS BÌNH,
"THE Reckons of the above Bank la condnered by thi HONGKONG AND REANGUAI MANKLOVÉ
ORPORATION, Kulas may be obesiast on application 2 BTEREST as depordás is aligned on the más Jamondbly balanciant Sai per cunt, per saama.:
Depositors may tuşlar,
of more to the 12 thals apston; Lav
Mach to be placed on FLCED) USPORET = bent, per apbum.
For the Hongkong and Khangbai Banking Corpor
N. J. STABB.
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
Incorporated by Royal Charter 1351.
HZAD OPTIORI-LINDOW.
Fid-up Capical
Besser Fendt 2000 ruh), 100,000 Reserve Lisbility of Troprietors£1,000,098
FOREIGN EXCHARUE and moral Baskine
bosies transected. CURRENT ACCOUSA opened and ZDIEĽ DEPOSITS received for 1 year or shorter perioda, si.
which will be quoted an application,
T. C. DOWNING,
Manager Hongkong, 11th April, 1912
THE MERCANTILE BANK OF INDIA, LIMITED.
Head Office 15, Gracechurdh Street, London,
Authorised Japital Subscribed
Paid Up Reserve Fund
"
+4
BANKERS:
£1,500,000
1,125,00€
562,500
$50,000
The Bank of Englac!, The London Taing Htock Bank, Limited BRANCHE-
/Combey Calcutta Colombo
Dalbi
Karachi Kota Bhar
Kuala Lum Mada
Gisits
Honging
Rangoon
Howrah
2 banghal
Kandy
Lagapore
Fort Louis (Mauritiuz.)
PONGKONG BRANCH,
Entry description of Banking and Exchange business transacted.
>
Instrues allowed in Current Accounts as p per usa on Daily Balascas, and on Fized. Dependi arata which may be ascertainad on application.
C. CHAMPKINS
Acting Manager,
INTERNATIONAL BANKING CORPORATION.
HEAD OFFICE
16. Wall11, Kew York,
LONDON OFFICE:
3. Bishopigais, Er CAPITAL PAID UP ......$3,250,000 RESERVE FUNDS From $3,981,000
$7,181,000
UB GOLD
BRANCHES 2-mi!
YOKOHAMA
Cible' Addresa:ZIWASAKI~~- Godes: Al, A.BC. 5th Ed., Westerhof ge York, the Bank is alle
ern Union, and Bentley's.
Though it clons-afflacion with The Maticha Servios of the Bunchain of shat Institution in Chase- 2nd Frosh America, BAGAY Menu
BARIA, SUENOS AIRES, MONTEVIDEO, VEO
JANEIRO PLANTAGO DE CUBA, SANTOS, CHINKLANG—Mesars, GEAR- PAUL'S, VALPAZAHO,
AGENCIES *****
All kinds of JORZION & LOCAL BANKING CULERNT ACOGFINITE opened and FIXED DEVOETTÄ Jucelveder pleso be mecortalin e
2:4, MARSHALL, Hongkong, 26th September, 1916.
IG & do MANILA-Mesars MACONDRAY & Co., BINGA-BUSKAS Lraben, zed. PORE-Mesity, BORNEO Co. LTD, GLASGOW-Menara AR BROWN, MOFARLANE & CO. LED
For Particular, apply to-
K. KATORS
Manager. Hongkong Bo., Pedder Streat,
THE
JOKOHAMA SPECIE
LIMITED.
Inthorised Capitál Yen 48,000,000 -
Esserva Fund
Established 19 ANK,
KOHAMA
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