饿
the
to
the
THE HONGKONG TELEGRAPH, - WEDNESDAY, DECEMBER
COMMERCIAL
NEWS.
brought down
HONGKONG SHARE REPORT
$-SELLERS; SA- BUYERS; N
Cantons
OFFICIAL PRICES.
BANKS.
L
De
11.
$187
$400
t. 152
n. ex-73 8255 FIRE INSURANCES. China
Di-
**
SHIPPING..
Indos (Del.) Indos (Pref.) Shells elle
2
REFINERIES.
1916.
BANKS.
BÄNK OF CANTON
LIMITED.
HEAD OFFICE HONGKONG
FOREIGN EXCHANGE and General Banking Business Tran acted..
CURRENT ACCOUNTS open- ed and FIXED DEPOSITS Re- Gaived.
INTEREST ON FIXED DEPOSITS:
For 3 Months 3% per annum
For 6 Months 4% per annum
DFor 12 Months 41%% per annum
LOOK FOON SHAN,
Chief Manager -
NOTICE.
NOTICE.
137 PEAK TRAMWAY 30
$155 $375
Д. $120)
The
$198
I
106/- $38
Malabons
Bâ. b.
$150
MINING
B.
301- £2114
$2,40
1.00 +. lo
EYRET 15 BEEN
Lo Min
b.
28/-
26.¢x dubie 0
LA MIN.
11.
3919
ELMAN, DE, IRAE, PURI 19645 7.366 km 121 P
2048 BUI
TI HE
M
is han
KAI TRG 30
LXX P
23
500 #10
$8514
$120
£..90
Kailans Langkats Raubs Tronobs Urais
DOCKS, WHARVES, GODOWNS, &C.
HK. Wharves - n.
hal Docke
Kowloon Docks 6.
1.
their transactions, so that it shall | au the Sagami Bouski Kaisha; the
“Aatung" Timber Market. Chinese Cotton. Mosur J. Spant and Ose not become necessary to propose Lemmo Bosaki Kuinha capitalised
According to the investigations weekly collon market report, legislation for the purpose of at Yen 7,000,000 with about dated Shanghal December 14, restricting trading." There har 40,000 spindles, which is be of the Yalu Timber Oối, up to the mays:-In 20 far as price changes bosa ramours this week that lieved to be connected with the end of November, altogelber are concerned the cotton marked the futures market might "be Am1gasaki Spinning Company; 4237 rafts comprising 1,334,455 Bas been rather insotive during closed if greater moderation and the Awa Boscki whigh hur pieces, worth T. 2336,736, the past week, with the close Isal were not exercised, but of course been established in Aws, Shikolu, which, converted at the current Banks night quiet to essy. The market that draatio and upsetting remedy with a capital of T2,000,000 and rate, amount to about Y.3,500,000 MARINE INSURANCES. has all the eat-marks of having will not be adopted if it can 20,000 spindles, Mr. Fajiyans have been reached a temporary halting place, possibly be avoided. What the Raita, President of the Dai It has been noticed that the tim-North Chines with little disposition on either directors wish to do and they Nippon Sugar Company, and ber stocks at åntung, both on the Unions aide to attempt more than soslp. have oslled a special meeting of some other Tokyo business men, river and on the shore, have been Yangtzes ing operations, until it bromes membera for Monday next to con- are engaged in a projset for decreasing in a marked degree, betler demonstrated whether there, sider the question is to make a establishing a spinning company says the Menchuria Daily News, is going to be any material im- now ale requiring buyers to put called the Tokyo Boski Kains, adding that, what will be carried in Fres provement in the demand for the down's deposit, not exceeding with a capital of 120,000,033 over to the next year is expected staple. This seems to be a week 810 per bale, and forbidding At the outset it will be furnished to be quite limited in qusality. point from the standpoint of broker to trade except under s with 50,000 spindler, but it will This year's arrivals may not be Douglases immediate speculative results. permit inued by s committee have an equipment large enough called abundant, but a run of Steamboats Spioners and exporters refuse to formed for that purpose. As we to increase the number of spind- brisk demands has been kept up. come in to any extent, and nine, understand, this only applies to los to 200,000. The Kara In these circumstances, the oWD- tenths of the trading of the pait transactions in Egyptian futures, Baki Kaisha, capitalised at era are looking forward to better work has been the filling and it seems on the face of it to Y5,000,000 and designed to work terms. A few Chinese desiers are and swapping of old contracia be purely a temporary measure, about 30,000 spindles, has neatly said to be trying to buy ap what- among the Chinese members although it is intended, no doubt, completed the preliminaries to ever supply there is available that Sugars of the cotton trade. The out to be kept in force as long as is formal establishment. There are is quoted at all reasonably. siders, who trade in lots of 200 to necessary. It will impose some also several other companies in 500 picals contributing in the little hardship upon people who process of flotation with a capital making have done nothing to deserve of about Y1,000,000 each. in aggregate of the market, have been punishment, but that, unfortan view of the long time needed for conspicuous by their absence, stoly, seems to be unavoidable, the importation of the necessary The situation is accentuated by If it drives impecunious gamblers spinning frames and other
oonlighed decline in the price off the market, and, still better,chinery, however, it is expeold of American cotton which has if it keeps everybody within in the existing state of things dropped about two cents gold per reasonable bounds, the blame that it will be two or three years pound within the last two weeks, less people will consider it before all of these undertakings which is attributed to the anesɛi-, worth the sacrifice it costs. When are in full working order. ness due to the political crisis at American planters considered cat- home. In the circumstances the ton too cheap they called pretty present m ment favours selling, loadly for. legislation and for and any good decline that would ready cash, and their Gavern- clear the speculative atmosphere ment gave them both. Even the would again present a favourable British Government promised to opportunity to bry for invest help them if car blockade of the ment. It is interesting to note enemy countries bad a highly in- that while local markete ars quiet, jurious effect. Now, of course those of Bankow and Tientsin are, the boot is or the other leg. and firms and a fair amount of export the American Text le World business in reported. Oka Journal points out that if ever and Bombay quotations are in there was a justification for the sympathy with those raling in politicians iositating inquirise chairman of the Union Bank of by circumstances of which the MISCELLANEOUS. Liverpool and New York. Tone sa to alleged illegal com Bootland; Viscount Peel, dir-directors, very prudently, Ray
binations there is one at the prector of the London and Provin nothing at present. The case China Light & P, n. sent time. There is not the cial Bank; and Lander Surr, however, to be one in
Providents Londor, Nov. 11.-Bir Edward slightest doubt (it says) that Jameson, president of the British which they will be able to show
Dairy Farms Carson has sent the following speculative influencen are at work South Africa Company. Certain that 1912-13 and 1913-14 were Green Islande letter to the scorelaries of the to force cotton valuss far above a
years of "abnormal depression," H.K. Electrics investigations sTO now being Chambers of Commerce of Man basis that will eventually prove undertaken on behalf of Mr. Mark in which event they could claim H.K. Ice Co., chester, Liverpool, Newcastle, to be warranted by the law of Napier and his friends, and if the to have the standard fixed at the Ropes Nottingham, and Dandee, in reply supply and demand. to resclations supporting his ministration that places millions reaalt is satisfactory to them the average of any four of the lat ziz offer will promptly be submitted pre-war trade year. Within that motion in the House of Commons of dollars at the disposal of plan to the shareholders of the Cam- period they had rears in which on the sale of enemy properties in tein when prices are rainouely Nigeris. Daar Si—I beg to low, and that is ready to dictate papy for their approval. It may 75, 57, 65 and 40 per cent re acknowledge receipt of your let the wage basis for scertain class be stated that one of the principalspectively were paid sa dividende.
objects of the sequisition of the ter. You will, of course, have of labour, should be willing to take andertaking in to ensure that to get 40 per cent for the year noticed the result of the debate action that will limit the present Renter's Agency sbail options (against 30 per cent last year and in the House of Commons, and orgy of speculation is raw cotton, to be independent of any alien 22 per cent for 1913 14, and it the unwillingness of the Govern. "Orgy of speculation" asems to
or undesirable control and that proposed to put $10,000 to the ment even to delay the sales of fit the case pretty well, and it conduct and administration reserve, making it £130,000, or the German properties in Nigeria Lesers. E. Eisenhauer and Co, shall be entirely British. It is only 280,000, or only £80.000. rass to enable the matter to be of New Orleans, who began to intended to continue the existing further considered. I think it is boom cotton when it was only 11
administration of the Agency, a serious matter that the Govern conte per pound, call for a halt ins
sent head will remain in that
of markets, easy,
Sale of Enemy Properties.
An Ad-
Expansion of Japanese ·
Splaning Industry.
1
"Reuters."-The Offer to
Purchase.
London
Nov. 11-Momers.
authorise the statement that the
Bircham and Co., solicitere, offer to purchase the undertaking of Beater's Telegram Compacy, Limited, has been made by the Hon. Mark Francis Napier chit man of the Company, with whom
ara aaacciated Lord Glenconair,
and
LANDS, HOTELS AND BUILDINGS.
A Big Rubber Profit-
The report of the Kusla Lum. par Rubber Company mentions the excess profits duty, "if any." which may be payable, but the directors do not seem to have much doubt on the subject, for they provide for it by inoressing the balance forward from £12,987 to £32,737. The profit has been £113,768, which compares with
Centrals 64,929 in 1914-15 and £60,229 H.K. Hotels and £89,224 respectively in the H'phreys Est. 1911-12 the profit was $131,890 S'hai Lands
at two pre-war izade yours. In Koreys at and in 1910-11 £117,419. If the West Points ed as the pre-ast standard there Jaat two could have been establish-
would, of course, have been no Kung Yiks ard may have been pulled down Yangtszepoos daty payable now, but the stand- S'hai Cottons
Boracos
In any event the charsholders are
is
Land Invest.
Ewos
1.
LIMITED
TIME TABLE.
WELK DAYS,
+
MIGHT CARE"
19 pm and 1 DEL QUE TU IE
7.30 A
ELER SİXİ evwy kill hon
11.00 7.3L to CLGE V.30,
STAY TRACKar of an hone SUNDAYS
100 Am. De unge dim. Eraur zj Man.
ལ་
W
F
* Ma
-
NIGHT CARS si on Wook Days.
SATURDAY!
Ar midaight. SPECIAL CARİ
By dezagunat at the Company's Cifles.
Dm Toes Bood,
**Season and ponch tickets available for all carn sot trendy fall, running at the tiane usted la the Company's time tables, but not for special Cat, Can be obtained on application at the Company's Office.m Ko Benson ticket will be issued until pigment ikvern- far has been made in Hank Notes or by Cheques w Compradore order expresetslag Bank"
JOHN D. HUMPHREYI & Co.
BANKS
HONGKONG & BHANUMA *
2.
BANKING CORPORAa
TION Paid-up Capital ..................$15,000,000 RESERVE FUNDS:
Sterling
£1,500,000 x 21- 950 M=315,000,000 Sliver ...$18,000,000
$53,000,000
Reserve Liability of
Proprietors...$15,000,0DB-
COURT OF DIRECTORS.
Hot. Mr. C., Anton
W. Ja, Pattandez' Kas.—Chalmers.
1. K. Dodg~Deputy Chairman
Q. *, Gubbay
"Bot. Hz .i. Hayoak.
J. Amma
CLIP MAKAUER
Hong-K. J. Bet You Baq.
· MARAOKE Bhangbalund, G. Bixpben, Esq. London Bankers-London. Only sed
Westminster, Limited,
*Hongkong-Internet Allowed z
On Current Accodels at the rate of 2 per cent.
the dally balanER,
ON FIXED DEPOSITS.
For 3 mora, 28 per cent, pR ENDE For thonia, å per cent, per äNDUM. For in months, & par cons. pot aLDUM. N. J. STAUB.
Chief Manager.
HONGKONG SAVINGS BANI.
THE Business of the above Bank is conducted by I HONGKONG AND SHANGHAI BASKIas CORPORATION, Rulea may be obtained as appletion. LATRKEST on deposits is allowed on the mânc Lorum monthly balance at Ezi per cent, year a
Deposits may transfer at their option, balances more to the Bonkong and Shanghai Baik to be placed on FIXED BEFORE C dent. per andĪLIS,
For the Hougkong and Shanghai Banking Corpeen Lion
N. J. STABB,
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
Incorporated by Royal Charter 191
ཏ 1
ཀ་
HEAD OFFICES-LONDON,
Paid-up Capital... £100,000 Baserve Fund.10,000 Rasseva Diability of Proprietors. 100,000
FOREIGN EXCHANGE and General Bankier
business transacted. CURRENT ACCOUNTA oped and FIXEI DEPOSITS PRoséved for å year or shorter periode, me king which will be quoted on application.
T. C. DOWNING,
Manager Hongkong, 11th April, 1912.
THE MERCANTILE BANK OF INDIA, LIMITED.
10130 BAL TO
11.00 4.11.
#
炸糕
B.
n.
$101 $115
Theo Noi u. Lh: BM.
LOG IN O
"
D.
$97
Π.
$6,90
1.
$35
6.
t. 91. $85
COTTON MILLS.
D.
11.
L
1,157
t. 16
KS.
6.
t. 110f t. 6
$8%%
是
8%
$8.87
$251
CO., LTD.
五塊。
$1192
IL
$53
D.
$ 160
(Capital Paid up...$1,250,000.)
Paid Up
8341
$934
Loans of Mariage of ilouse Property k Gooda civad on Storage.
Advances made on Merchandise.
$7
$.0
63.
491 $17,00
[1
b.
b.
$64 $6.26 $29
Steel Foundries a Trams, Low Level s. Trams, Peak, old n. Trams, Peak, new n
Laundries U: Waterboats Watsons
Wm. Powells Morning Posts n.
CORRECTED TO NOON WEDNESDAY
DECEMBER 20, 1914,
BENJAMIN & POTTS, or only £80,000, or only $70,000 Share and General Brokers, less than the paid-up capital. The
Princes Building. crop has been 1,615,500lb., and
1,60000lb. The "all-in" 0x61, zxclative only of income tax, bas bsen 10.04 1. por lb.- Manchester Guardian,
Tel. address: Broker, -
EXCHANGE.
SELLING.
Demand
30 ds. 60 dia.
2/4 13/16 2/4 3/6 2/5
.Nom.
1114
176
176 ·
3.33
BUYING.
ment would not accept the eng, circular which has just reached na / and Mr. Roderick Jones, the pro this year's in expected to be gestion either that the properties According to their reckoning position with enlarged powers. in question should be retained there will be a total supply of sa Urown lande or be acquired 17,988,000 bales, including •
Tata Iron Works. by those who would be under surplus of 1,133,000 from the last Į British control. In view of | two crops which had not come in-
Bombay, November 28. The the resolutions at the Paris to sight at the time of writing, Conference it seems to me and, putting the consumption at tenth annual general meeting of
The Japuter Lon. inexplicable, more expecially as 14,800,000 bales, there will be sharabolders of the Tata Iron and Lord Balfour's Committee has not 9,183,000 bales to spire-soitter Steel Ooy., Ltd., was held this
Sices the break-up of the 4/8............................ 2/5 1/16 yet reported as to how beat the od sil over the world, it is true, evening. Bir Dorab Tate presiding. negotiations between Dr. Chen TIT Shanghal.. resontess of the Empire are to be but still available to avert a cotton In moving the adoption of the and Mr. Ku, Minister of Finance TT Singapore..... 109 worked and developed for the famine. We do not know how far report the chairman said the year and Agriculture and Commeros TT Japan benefit of ourselves and our these figures are trustworthy, but had been one of marked prosperi- Allies. After all, however, the we do not think the best opinion ty, and they bad established respectively on one hand, the re- T/T India
proscatative of the "Hsin Ya" Demand, India question of the Nigerian pro- regards present prises either of records in their history in my Co. on the other about the can- T/T Ban Francis- 57 perties is only a comparatively | American or Egyptian as justified { directions. Their production had cellation of the. $5,000,000 1030, TIT Jaya...................... 137.1⁄2
co & New York/ Emall matter. What is really of by the statistical position. Gst ben the highest so far recorded, the Japanese representative felt T/T Marks.......Nom. vital interest is that the vote of ting them down, however, is no and the cost the lowest. They town last Saturday for Tokyo for TT Francs......... the House of Commons has com easy matter when so many inter- had succeeded in giving more reporting details to his headquar-Demand, Faria 3.33 1 mitted the Government to the eats are concerned in keeping satisfaction to their customers tera, saya the Peking Daily News
yet they had obtained record policy of disposing of German them up.
prioss for prodnate. The chairman of Dec. 12. It is reported thas
2/5 9/16 properties acquired through our efforts in the war, not to British:
then explained the various diffiprevious to his departure for 4 m/s. LỊC
2/5 11/16 culties that had confronted them Tokio, this Japapons gentleman 4 m/s DP............. subjects alone, but cqasily to
2/5 13/16 foreigners, with the consequent
It will be remembered, says the since the outbreak of war, and wired to his government that the 6 m/s. LO
2/5 13/16 Melbourne probability of their ones more Japan Chronicle that at the begin bow they had been got over by the Japanes Minister should Is 30 d/s. Sydney &
instructed to negotiate directly
50 d/a. San Franc-1 returning to German bande. May ing of this year spinning com kill of the management, of the
5814 isco New York I express the hope that your own panies in Japan bagan with one engineers, and by the sagacity of with the Chinese Government at
once. The said Co. is not antis-4 m/s. Marks ......Nom. and other Chambers of Commerce sopard to extend their equipment, the directors. The profits of the fed with the monetary camperss 1 m/s. France 45 throughout the country will and new companies were project rear were partly due to lack, tion of $300,000 which the 6 m/s. France 3.51 direct their attention to the wider ad, these motivities involving ap
bat only partly so. They were Chinees Government has promised Demand, Germany.. mapeat of the question, with theditions! betting op of no los emphatically not unearned incre view, if their conclusions so re-than 1,000,000 spindles. A spell ment. As regards prospects in to make provided it will give up Demand. New York. 57 1⁄2
the said loan, either the Shuikoce TIT Bombay ...... quire, of bringing pressure to of inactivity followed, and it was the future, Sir Dorah said they ban and Tongkusashad mines or Demand, Bombay... 176 3
up-to-date plant, bear upon the Government to thought that there would be up
right of oiling and reminting TT Caloutta further expansion for some time large outputs, unstinted em- old brass cab will give it more
Demand, Calcutta... 1784 reconsider their policy?
Demand, Manila ... 114 to come. Lately, however, acti-ployment of expert skill and The wildness of the Egyptain sity has revived, the companies experiance, the great goodwill pros than 300.000. Therefore Demand, Bingapore. 102 section of the Liverpool autton reported to be either extending of free markets, and diversifi. the Japanese Company relasi to On Haiphong......
cancel this loan and demanda On Saigon market daring the present week their equipment or to be newly ostion of staple products. The shows that the warning ised by under fidiation numbering nise Company itself hoped to mina. other security for it if the Coineae On Bangkok 84
| Government think, that the min» | Sovereigli Mr. Barnes, the president, on the such projects involving an addi isotors, mapet of the new Dating Common or the right of Gold Lakí, porom. 31.20 1th October has not had the desire sion of about 380,000 spindles from ito sem innjackala, the netour uniting wanahabore mentioned as Bar Silver, pár úz ed Eret, recoarke the Manchester The principal companies newly mary skill, tabs and money patrimoni, co the Chinese people, Guardian of Borrmber 11. The stablished in Bogami, having been seenugied fom: “ Divi- directors of the Cotton Association Coski, Killäkladithi si dapital" of deade-aggregating 15 per cent. bave all long depreasted the Yen 1,000,000 and about 30,000 for 97digan, and 180) per out. placing of large orders in the spindles, the caled promoter being for deferred shareholders as re- futures market underrept codistysmon, President commanded by the direpte, cu bave lost, your appetite ditions, and a hope was ez penon
Vof the Inți Aninaing, Company; vars then declared. The wooling \'dafuty dishes utɛ the ALEXAN on their behalf this pap KETOIMINNIE Kaisha with plowed" with the toast" "vole cDEA CATR in Ove to ens would "mike $7
limuti the same expital and equipment i thanks to the chairs
Cotton Gambling.
.needed
"ma of the bli varlb
you,
3% prem. 3% engremio 34 pram.
8.25 Nom.
THE
CHINA
PROVIDENT
LOAN AND MORTGAGE
Loans made on the Provident, Bystam. (Kazes and Particulars on suplication).
The Office of
TRUSTEE EXECUTOR OF WILLS, ATTORNEY, &c, Undertaken and. Executed.
SHEWAN, TOMES & Ur. General Managers.
MITSUBISHI COSHI
KWAISHA.
(MITSUBISHI ÇOJ COAL DEPARTMENT,
SOLE PROPRIETORS OF TAKASIMA, OCKI, ·MUTABE, KISN- IDAKE, YOSHINOTANI, KOJO, NAMA. ZUTA, SAYO, KANADA, SHIKNEW, KAMIYAMRDA, SIBRI and OYUBAR"
Callieries.
Agent for SAKITO COAL
HEAD OFFICE- MARUNOUCHI, TOKYO,
BRANCH OFFICES :-NAGASAKI MOJI
KARATSU, WAKAMATSU, GỈARM, MURORAN, HAZODATE KOBE OSAKA, KURE, TOKYO, FORO. HAMA, NAGOYA, TSURUGA, VLADI VOSTOCK, HANKOW, PEKING, LOK DON, NEW YORK, SHANGHAL HONG KONG, RALPHONG and CANTON.
Cable Address—"IWASAKI," Codes: Al, A.B C. 5th Ed., West- ern Union, and Bentley's.
Head Office 15, Gracechuráh
Street, London.
Authorised Capital ..............£1,500,000 -- Subscribed
Reserve Fund
...... 1,125,00€
DALUYO
BANKERS: The Bark of England,
--562,500 #50,008
The London Join, Block Bank, Límited
BRANCHES 1-.
Dombey
Calestin
Calombe
Dalhi
Galle
Howin
Hongkong
Kandy
Port Lousa (Mauridus) ..
Karachi
Kata Libasa Kukla Lump
Madras Pasang Kangoon
1 ban bal
ingapore
PONGKONG BRANCH.
Every description of Banking and Exchange business transacted.
Interest allowed on Currens & ecounts at a par condi per annum an Daily Balances, and on Finad. Exposit it rata which may be ascertainad on application.
C. CHAMPKIN,
Acting Manager..
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
65. Wali St., New York
LONDON OFFICE:
Bishopsgaia, E.C.
CAPITAL PAID UP .....$3,250,000 RESERVE FUNDS
"
U.S. GOLD
BRANCHES
BORAY CALCUTTA CARTON CEBU. COLON HANKOW
$3,933,000"
$7,181,000
HONGKONG PEKINE.
КОВЕ
SAN FRANCISCO, LOWDON "SRAKOMAF MANILA BINGAPORE MEDELLIN TIENTSÍN PANAMA ТОКОЛАМА
Through lụa close afiliation with The Nationa City Bank of New York, the Bank is able ineker the Services of the Breaches of shus Inacitusios in Cabe
and South America, Namely
RATIIA BUENOS AIRES, WATANA, MONTEVIDEO, KIO DE JANEIRO SANTIAGO DE CUBA, BANTUL, USKO PAUL J; VALPARAISO,
All kinds of FOREIGN & LOCAL BANKING BUSINESS UKONGENG DEPOSITS received s TRERE ES The RaceSalond ACUPRENT ACCOUNTS opread. AGE FIXED applicati
AGENCIES - CHINKIANG-Messrs. GEAR- ING & Co. MANILA--MessFE, MACONDRAY & Co., SINGA- PORE - Mesars. BORNEO. Co., LTD, GLASGOW--Messrs. A. B. BROWN, MOFARLANE & CO. LTD Hongkong, 26th September, 1916.
For Particulars, apply to-
K. KATO,
Manager. Hongkong No. 2, Pedder Street,
APOL
DISCOUNT-' PER
SUBSIDIART COINS:
$100
ALEXAND
Chinese...
Hoogk
2. S. MARSHAL
Manag
THE
YOKOHAMA SPECIE BANE,
LIMITED.
- Established 1880, ...) Authorised Capital Ton 48,100,000 Paid-up Capital ... 30,000,000 Reserve Fundamen 20.800.000
F
Head Office-YOKOHAMA,