Copper.
COMMERCIAL
and elsewhere.
+
11. 1915... Толь
28750 75.178
$1,305 - 51,520
32045 21693
4.260
ia Hydro-Electric Lept.
citer
werd
THE HONGIƠNG, TELEGRAPH, WEDNESDAY, APIRL 4,
NEWS.
Import and Export Lumber
Dividend.
Dividend, eight per
pt., sbsorbing ... Bonus of Tle. 12 per
abere abeorbing Reserve fund, cquali sation of dividenda War fande (to be dis
ALA
tributed at discre- tion of H. B. M. - Consul General) Corry forward, ba-
lar ce of
50,000.00
4,000.00
Hongkong, Chloa and the Timber
Market.
and
At
HONGKONG SHARE REPORT.
S-SELLERS; KA-SALES; B.-BUYERS; N.-NOMINAL..
"
OFFICIAL PRICES.
BANKS.
b. & sa. $975
b.
t. 150. $905
n. ex 73 $235
SHIPPING.
1917.
BANKS.
BANK OF CANTON,
LIMITED.
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business Transacted.
INTEREST ON FIXED DEPOSITS:
For 3 Mouths 3% per annum. For 6 Monthu 4% per antum.
b.
b.
$155 $1321
д. х. д. Bth
$90 $18
$,
$127
#411
$1.
103/
For 12 Months 41% per annum LOOK POON SHAN,
Chief Manager.
D,
$93
REFINERIES.
b.
b.
$114 $31
n.
36/-
£18)
b.
$2.15
8.
27/G
11.
281-
NOTICE.
NOTICE.
"
PEAK TRAMWAY CO.
LIMITED.
TIME TABLE.
1.45 234
2T..
103.
NIGHT CARB.
8.50 36 and 9 ra 9.30 10
1100 F.M. every half hour.
·BANKS
HONGKONG & SHANGE AI
BANKING CORPOFA,
TION.
い
Paid-up Capital.$15,000,000
RESERVE FUNDS:
Sterling
£1,500,000 at-2).
➡$15,000,000
Silver $18,500,000
*#99 5 10,000
Reserve Liability of
Proprietors...$15,000,00
COURT OF DIRECTORS.
S. 14 Dodwal, Bug just haïrma“,
Ho
1. A. Mumma, Bec, Deputy Chairinen.
Mr. C. E. Antos, G., X. Zikas, Bag, G.. Gulbay, Eag., Hon. Mr. F. H. Holy E. V. D. Fat, Esq. 15. In Putmastan, X.- Chairman. Iton, Mr. X B'jellim,
CHIEF MANAGEM
Boogkong-N. J. Babi, Eng. Burgbai, G. Beepben, Eso Londos FakeLondon County and
Teminer, Limited,
Rengkong-Taerwat Allowed t
Or Current Accovals at the rate of 2 per CHILL. anuum on the daily balance,
ON FIXED DEPOSITS.
For mouths, 1 per cent, par ARGL Formoni, 2) per cent, per annum, For a moci, & par cook, per amokos. N. J. STABB,
Chief Manager.
HONGKONG SAVINGS B/K.
THE Fasines of the above Bank & conducted by Lbe HONGKONG AND SHANGRA BABKINO. FORPORATION. Kules y la obtained on applications INTEREST on deposits is allowed on the mi Imum monthly balances at F1 per cent par Depositor may transfer, at their option,
Chief Manager,
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
Incorporated by loyal Charter 11
21,
c
of $100 of man to the Hongkong and Changbai Bask to be placed on FIXED DEPOSIT St 4 Vent per annum.
$81
*:00 A 4.00 W000
10
.. to
to
F.03 A.M. 10.00 AM
EVERY AS Max.
For the longlong and Ebangbai Bagaling Corpora tion
N. J. STABB,
UMIN
11:00 AM
30 MIN
$121
12.11.2
30 MIN
t. 30
LANDS, HOTELS
10. to 15. to 7.45 10 *Brx to
100
12 Mtx.
10 Max.
LE BIM
5.OUT.. to
10 MIN.
b.
$94.
11.
$102
b.
$252
$6,25
D
$33
n.
b.
L. 80 $724%
7.00 A34. BEAM. 10 16.30 AM 144
1200 Noon to
1.
t. 14754
IL.
2.
t, 13 t. 117 t. 6
6:30 PM. O 400P.M. 1 GUT., 10
6.30 5.3L
MISCELLANEOUS.
b.
$8
COTTON MILLS.
tions are experiencing a highly
found in this field for Philippine favorable season but prodaction
woods in the form of barrel staros atest celicates place the in the guest egrca region will
The year ended February 28) and box shocks, which probably output of copper at fall far short of recent years and was & prosperous one for the never would have developed bed 0 tone. Japan's outpar exports for 1917 will rond Chins Expon & Import Lamber shipping conditions bees normal, essed from 78,700 tonkin | brney" drop from the year pre Co., Ltd., according to the but now, sinos these products 108 798 ts last year.] coeding. Should the United dircctors report issued for pre- have been introduced, it can be of copper, meatly from Staten & come involved in the sentation to shareholder at the expected that by the time con
Banks ve sig greatly increar- Europeat as flect it may result in annual general meeting of the ditions are again settled they will
b. & sa. $700. MARINE INSURANCES. at 60 per cent, of export curtailing the importation of company on March 29. Besides have gained a Eciently fin kesia, about 20 per cent.. those things for which the islands | paying a dividend of eight per footing to at least survive a com- Cantons
nd, and the remainder to Lave become dependent on Ameri- gent, a bonus of Tis. 12 per ebaro patitive basis. The amount of North Chines North America, British on manufacturers to supply. It is paid, Tl«. 50,000 is put into Philippine timber and lumber Unions
Yangtszes The may alro ten i to elevate prices of reserve fund, and Tla. 4,000 will exported to Hongkong and China e osasumption of copper imported rise to a skill bigher be paid to E. B. H. Coneal for the year 1916, as shown by FIRE INSURANCES. growing increase, due to i plane, ti as causing a correspond General for distribution to war the records of the bureau is a China Fires ossed activity of indusing icerro the cast of funds. The report saya-The follows: To China: timber, H. K. Fires hoe the outbreak of war. | living. At the same time the profit and low necount, including 80,560 board feet, valued
wing lable shows parti- demand for our products will the balance of Tin. 1,838.24 P9,484; lamber, 6,474:480 Douglases Japan's ont pot, imports, strengthen rather than diminish carried forward from last year, bourd feet, valued at P51- Steamboats and ensumption of and opensatios will probably shows a credis balance of Tle. 828. To Honkong: timber, Indos (Def.)
come in this way. It is hardly 144 882 55, which amount the 175,112, valued at P6,471; Indos (Pref.) vic.probable that business in the directors 1800mmend to be lamber, 3,824:120 board feet, Shells Todande would be seriously sleet-appropriated as follows:- Talued at P92,949. The toil Ferries 1087ed under eas e contingency The
Tle. shipments to Hongkong and 54,446xternal commeres for the month
China during the year was 10,- Sugars 54,600 February, un reported by the
32,000.00 | 654.272 boerd feet vained at Malabons lararo ní customs shows a very
P303,735. Some conception of the
• MINING satisfactory condition of ite
48,000.00 possibilities of the Chins lumber Kailans islende" füriga ir de. Exports
market may be obtained from the Langkats interesting information were greater by Daily one million
consuler reports, made by the Raubs ending developments is pesos theo for February of last
United States representative at Tronchs i in the annual report of year, although they were less by
Changbai, as to the amount of Urals emonia Hydro- Ecotric aqu ansant than the total
lamber which is imported into DOCKS. WHARVES, aat. The opinion, has shown for the mouth of January
that country, mainly by way of GODOWNS, &C. ned that there will be a of this year. Imports for the
Shanghai. From figures obtained H. K. Wharves b. P7,149,533, for a large amount of mouth
10,862 55 from that official it appears that Kowloon Docks b. ngsinst 14304,897 for February, etrio power, and
there were shipped into China S'hai Docks 2. 1916. The total trade for > contracle
144,862.55 during already
the yeare of 1913, ith the
1914 and Electrolytic February was four and one half
1915, softwoode AND BUILDINGS. Company and
Laillion peo in excess of that of
bardwoods amounting Centrais make it necessary for the corresponding month of last
to 191,531,066; 246,860,717; and H. K. Hotels Electric department to Fear. The most notable gaine
On account of the European 113,880,076 board fent, valord Land Invest. ve menures to ment the were recorded by coconut oil,
respectively Bt $3,674,512, H'phreys Est. b." the immediate fatare, the experte of which for February war, which has brought about a schemes have already amato P1,665,228, making shifting of markets and the $4,277,22 and $2,109,658, To Kloon Lands
Shai Lands gain P1.233,238 over the scarcity of bottoms,an unbounded Shanghai alone there were chip subject of inquiry, ir-
West Points ped from the outside $2,000,449 be Grai Lake, Aribur'e esme month of last year. This opportunity has been opened to worth of lamber in 1914 and ake St. Clair, and the incresers expoitation was due to Philipine lumber, for invading $1,243,840 in 1915. Of the total Ewos
the ariability of shipping markets heretofore supplied by shipments to Chins between 40 Kung Yiks facilities rather than to increased other countries, is the statement obtain Irodoctor. Hemp also recorded made by the Philippine Director and 50 per cent, come from the S'hal Cottons United States, while the rest wa Yangtszepoo$ more gain of
than one of Forestry, Mr. Fieber, in his Shems alone, bat it million res, the exporte for report for the fecal year of 1910, supplied by Japanese lamber-
to from the experience gained dur-en." Speaking of the Icoal Borneos amounting er poxets shall be inter. F4,880 33 ns compared with ing that year. On account of the lumber situation, dr. Fisher China Light & P. b & sa. $4.75
makes the following comments: Providents conditione prevailing 1. The importance ifa 37,000 in February, 1916. special
increase of between the United States and "Although the consumption of Dairy Farms pply of electrical power
lamber in the islande fer the past Green Islands can be furnished by F2013 in the value of cigars the Philippines, he would arge
year has been about normal, there H, K. Electrics ctric plant, is generally export during the month, and favourable propagands work on
the has been a decided change in the H. K. Ice Co., d, as in the electro- | P128,175 is the value of leaf Philippine lumbers, in
Ropes and electro metallurgi 1./bace Maguey shows an in- merkets of the homeland, but for source of supply, which has mate creue Pi51,226, and embroid direct and immediate results, he rally assisted the Philippine lam alries the power conta
Febrasty, would prefer to invade the Chiza ber industry. The large quantils eries 114,000 over a considerable percent-
of Oregon pine previously 1916. The guificant losses were and nearby markets, taking into je total working .
record by sagar which fell of soccant their proximity to the braght into this country and P4(6,4, and copra, the ship islande, and the ease with which sold at comparatively low prices plae Export Trade.
which were P262 395 facilities for their introduct has within the last year bean en less in velun than for February, ion in ibere markets tirely replaced by native lamber. alveis of the exports of ¦ 1916, lacresse in import was may be made available. The second contract for natize Lim ppines for the masth of Lebows gerorally throughout prospects of a preftable market ber awarded by the United Siste under the tille te lir. The gain in cotton even icenlly for Philippins lom-army for 1916 epaaks well for its quality and excellence of and Conditions," written goods amounted to F777,024; ber is also alluring, and it proper arold M. Pitt, presidentia m product, P223,400, steps are taken to incure ore manufacture. In 1915 the depart fanila Merchants Asso-ed in alect, four P221,773. fal maintenace of the high ment quarter-master purchased ppears in the Merchanla" | With the exception of automobiles standarde now achored to, there approximately 3,500,000 board feet of Phillippine lumber and on Review for March, and seweries, which showed a in every indication that the pre-
maye: An analysis of Ines of 10,785, the decreases in sent local market is on its way to this year nearly the entire United. States army requirements for the Philippine department, & boat six million board feet, has been contracted for with Icoal mills The anusaally large amount of
TIT ...
2/434 lumber shipped to the United States and China bas greatly 30 d.
Demand
2/4 7/16 stimolsted the local market in 60 ds.
2/434 2/456 2/4 11/16 that the yarde have not been over- stocked, as they bave previously T/T Shanghai......... Nom. been, and prices have advanced T/T Singapore
** 10 $6 to a point where lamber can be T/T Japan..... 110 readily cold at profit. The I/T India Nom. amount of lumber used in the Demand, lad'...... Nom. 561⁄4 Philippine islande during the T/T San Francis year 1916 le between 30,000,000 T/T Java.. 1383% and 35,000,000 board feet, which T/T Marks Nom shows a slight increase over the T/T Francs 3.2814 two-previoca years."
ernest and Franklin. been shown that it
possible 1.D. from
the Grest
&
fed that the whole of
the
There
iments
Con
or themouth of Fahruary, import» wers unimportant. The wholesome growth. This al vulges of our export genera acresas can be attributed bave been maintained in pur. greater transportation most part. The average facilite thun were available for the heup shipped during the of February of last year tha P447 per ton se and in me measure to increased 1 with P341 per ton for | prices The balance of trade
1916,
Coconut pilin favour of the Islande amounted increase from P500 P3.77,177 in February while per los engar frem in Juuuary it was P1,714,776, P117 per ion; tobacco makir a total for the two 66 to P677 par ton,conthefr5,171,953. Of imports ars remained at P34 per for the month of February, the and copra dropped from United States applied 49.77 per rent signat 58.00 per seat for P194 per ton. The in the person valas of the Janes y and 4688 in February porte a secounted for by rf 195. From the United King seed proportion of centri com o imports for February zar entering into exporta, were 4 c6 per cent, of the total *B been a new market nga 15 per cent, in January the United States for sad 562 n° February of 1916. eco from the Philippines Japa pributed 970 per demand is partly rascent. French East Indies, for the increased prices. 2.96 per cent; and Chins rovement in the quality of 7.91
at per cent.
the
|
tendency has been coted during the past year, especially in the supply of lumber for army use. Although heretofore, the local department has been supplied by the bomeland lumber has been merchants, there
marked tendency of shifting this source of supply locally, and the Oregon pine heretofore used exclusively for military struction in the islands has been gradually replaced by native woods, which expericace hae demonstrated can compete in atility with American lamber. This shifting ia demonstrated by the growth of the army contract which has been from year to year let out to local lambermen, and if present standards hold, there is every indication that the army will buy all ite lamber require ments in the islands in the fature. Speaking of the alluring opport anity presented by the Chim mar- keta, Mr. Fisher has the following
Austria and a Separate Place.
A dispatch from Tokyo dated: March 21, ye as follows: The to say "The unusual opport German Chancellor uddenly unity afforded for the extension went to Vienna on the 16th of
Steel Foundries
$8
så b.
$281
8&, & b. $8,55
ză.
1.
$49 $151
I.
$19 $7,85 $9.83
$1
1.
$8.40
煦。
$161
11.
b.
Trams, Low Leveln. Trams, Peak, old a. Trams, Peak, new n. Laundries U. Waterboats Watsons Wm. Powells Morning Posts a.
$29
CORRECTED TO NOON WEDNESDAY APRIL 4, 1917,
BENJAMIN & POTTS, Share and General Brokers,
Princes Building.
Tei. address: Broker.
EXCHANGE.
SELLING.
co & New York
Demand, Paris ......
BUYING.
3.29
4 m/s. LIO
2/5 3/16 #m/s. D/P............ 2/5 5/16 6 m/s. L/C
2/5 7/16 30 dịa. Bydney &Į
2/5 7/16 Melbourne....... |30 d/s. Ban Franc-)
5714 isco New York]
Nom. 4 m/s, Marks
Nom
is largely responsible for impers of the mouth. In January er-average prices realised, Japaz contributed 10.50 per cent. etributora report business of the total importa; French Eset sary and February up to Indie- 677 per cent, and Chini,
4 m/s. Francs...... 34914 bas dering the correct 567 er bent. Io Fahrmary of last
6 m/s. Franc........ 3.4514 Demand, Germany. --- Blackening is noticeable yraz-pan's orniribation amount of the Philippice lamber basiness March because Austria-Hangur Demand, New York. 564 i becoming apparent that nd to 170 per cent. French Eat in the United States, onteed by has tried to have a separate pesce T/T Bombay ........ arab'e number ataong the India 13 79 peroral and Chins, the universi obrotic shipping with Rasis. The German Chan Demand, Bombay... rchants have oreretuoked 4.03 cent. The exports to the conditions, is still present, and to cellor was able to check this for T/T Calcutta alt of the deairs to fully Unit State took a big jump,, so even greater extent, in the the present, but the popular views Demand, Calcutta... Nom. bem elves with goods in the parts for Fobrungy being Hongkong and China marketa. in Austria and Hungary could Demand, Manila tion of further advanced 6231,ez dent. of the total whils Because of trans-Pacific freight not be completely suppressed, Demand, Singapore. 100% 6. Beparte are recaired in Jay it was but 25(8 being scarost and corresponding and there is a lendejoy for On Haiphong 3% prom. e-growing eactions to the perc sad in February, 19:6,ly higher than between far Hongary to brooms independent On Saigon 2% prem: sat prices demanded by but. Prsationly all of the eastern ports, the large qanotity from Austris, and to conolage On Bangkok......... 65
Sovereign marivion_84 Nom. more for palay make it crosset oil exported and a large of lambertom British Columbia separate poaos with Ramis,
Gold Leaf, per o....."48 Bar Silver, per om.... 26.13/.6
SUBSIDIARY COINS.
ble for the mille to operate part of the beep when to the and the north-western United
it in competition with the United Gintar, whil
d Saigon artiole. This the gorpiszálly larm
ia responsible in a moss í that d</sway,
for sentinued large dem
tions of ros. It in Bangk
stion, however,
socemuily right" itmif,' that; the sugar-growing seo- 3.36
ate for | Staten - wisică formerly went to
to | China in noy being replaced by
our woods. Some of the Philip
pine mills are running almint ex-
sively on orders froya Olianand you here lost your
orders, from firamiffatriei dainty dishes at the BAL
DEA CAFT more bo
11214
OUNT PER $1001
W
15.00 at to 33.69 236. every quarter of an hour. BUNDAYS:
10.33 AM 1020 AM 100 Noon
QUO P.X.
BJKT..
Every 15 MIN.
10 MIN.
15 MIN
Ja Mis
110 MIN.
IG MIN.
30 MIN.
NIGHT CARS es on Wend Days.
SATURDAYS:
Extra Car at Midnight
SPECIAL CARE
By Arrangement at the Company's Office, Alexandra Buffing,
Der Vorer Road
"feon and panel tickets available for all ons not already fun, running at the thing stated In the Company's tane tables, but not for spasial cum, can be fraud on application; ni thr Company O100:-Na Seaman tirket will
mayapent therefor has been made i in Bank Notes or by Ciepte or Compradoras older representing Hank Nolan, “
JOHN D. HUMPHREYE & CO.
THE CHINA PROVIDENT
LOAN AND MORTGAGE
CO., LTD.
(Capital Paid up - #1 250,000.)
Loans to Morteage of House Property, dia Ünoda ruesired of Stores. advances made on Merchandian, Loans made on the Providez: Bystem.
TILUSTEE, EXECUTOR OF WELS, ATTORNEY, 4t Undeneken and Executed. (Estes and Particulars on application)
To the Office of
SHEWAN, TOMES & CO,
General Manas org
MITSUBISHI GOSHI
KWAISHA. (MITSUBISHI CD.) COAL DEPARTMENT.
BOLE PROPRIETORS OF TAKASIMA. -OC81, MUTARE,, KISH- IBAKE, YOSHINOTARI, HOJO""-RAME. ZUTA, SAYO, KAKADA, SHIKNEW, KAMITAKADA, BIBLE and OYUHAR Colilorias.
Agenia fue SAKITO COAL
HEAD OFFICE :-- MARUNOUCHI, TOKYO, BRANCH OFF ES 1-NAGASAKI MOJI, KARAISU, WAKAMATSU, OTARU, MUBORAN, HAKODATE KÜ.E, OSAKA, KURE, TOKYO, YOLO. HAMA, NAGOYA, TSURUGA, VLADI YOSTOCK. BANKOW, PEKING, LONDON, NEW YORK, SHANGHAL LONGKONG, V.,IPHOSO and CANTON.
Cable Address:-"IWASAKI,” Cod : Al, A.B.A 5th Ed. West- ern Union, and Bentley's. AGENCIES:-- CHINKIANG-Messrs. GEAR- ING & CO., MANILA-Mezars, MACONDRAY & CO., SINGA-
PURE-Mesers, BORNEO CO, LTD. GLASGOW-M«sar, A.B
ROWN, MCFARLANE & CO., LTD.
For Particulars, apply to.... К. КАТО, Launger, fongkong, No. 2. Pedder Streak,
MARTIN'S
APIOL
HEAD OFFICE-LONDON, Fald-op sipial,DON Les Fund...---- Reserve Liability of Proprietors code 1,299,0038
FOREIGN EXCHANGE and General Bucks
Eusiness transacted.
CURRENT ACCOUNTS opened and PIXE DEPOSITS Feed for 1 year or shorter perioda, at maɛme which will be quoted on application,
T. C. DOWNING,
Manager Hongkong, 11th April, 1912.
THE MERCANTILE BANK (F INDIA. LIMITED.
Head Office 15, Gracechurch Street, London. Authorised Capital £1,500,C(0 Subscribed
Paid Up
+
+1
Reserve Fund
BANKEES The Bark of England,
1,125,000
562,500
-$30,000
The Leadon loist Stock Rank Lamar and. BRANCHES-
Bombay Calcula Colombe
Dzibi
Galle
Hongkong Howish
Kandy
Port Louls (Mauritius,)
Karachi
Kota Bhere
Kuala Lump
Kadma
Pasang
Rasoo
i beoghal
Lingapore
FONGLONG BRANCH,
Ivery scription of Banking and Exchange Waza acacia
Jalers allować on Currans Accent at great paranorm on Daily Balaber, and on Fiand Depart si vasa which may be ascertained on application.
C. CHAMPKIN,
Acting Manager,
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE
51. Wall St., New York.
LONDON OFFICE; 16, Bishopaque, EC. CAPITAL PAID UP......$3,250,000- RESERVE FUNDS........ $4,250,000
U.B. GOLD ...#7.500,000
BRANCHES :--
KOBA
LONDON
BOMBAY CALCUTTA
CANTON
COLOR HANEOW HONGKONG
SANTO DOMINGO
SHANGHAI
MANILA BINGAPORZ
MEDELLIN TIENTSIN PANAMA YOKOHAMA PEKING,
SAN FCISIO
Through its close affilation with The Nasop City Bank of New York, the Bank is able to the Services of the Branches of that Indeation is Călin Bouch America, and elsewhere, namely:-
BANIA, BUENOS AIRES, GENOA, HAVAYA MONTEVIDEO, RIO DE JANE SANTIAGO DE CUBA, SANTOR PAULO, PETROGRAD VALPARAISO,
All kinds of FOREIGN & LOCAL BANKING BUSINESS
CURRENT ACCOUNTS opened and FIXED DEPOSITE recaired at rates to be ascertalaně on- application.
GEORGE HOMO,
Manager,
Hongkong, 25th September, 1816,
THE
YOKOHAMA SPECIE BANK.
LIMITED.
Established 1880. Authorized Capital Yen 48,000,000 Paid-up Capital ... 30,000,000 Reserve Fund kayane an
21,900,000
"
#
Hand Office-YOKOHAMA.
Besschu Patung-Hslay