Copper.
COMMERCIAL
elsewhere.
THE HONGKONG TELEGRAPH, WEDNESDAY,’ APIRL 4, 1917.
NEWS.
Import and Export Lumber Dividend.
The year ended February 28 was a prosperous one for the China Export & Import Lamber Co.,
found in this field for Philippine woods in the form of barrel sis von
HONGKONG SHARE REPORT.
S-SELLERS; BA-SALES; B.BUYERS; N.-NOMINAL..
OFFICIAL PRICES.
BANKS,
b. & sa. $700 MARINE INSURANCES. Cantons
SHIPPING,
tions are experiencing a highly favorable season but production The latest estimates place the in the great Negron region will
and box shooks, which probably world's output of copper at fall for short of recent years and
never would bare developed bad 1,000,000 tone. Japan's outpat exporte for 1917 will rcoord &
shipping conditions bees normal, he increased from 78,700 tons in heary drop from the year pre
Ltd., according to the but now, since these products 1914 to 108,798 tens last year. ceeding. Should the United directors' report issued for pre have been introduced, it can be Imports of copper, mostly from States become involved in the sentation to shareholders at the expected that by the time con Banks Obina, have aleo greatly increas- European oor fiel it may result in annual general meeting of the ditions are again settled they will ed. About 60 per cent, of export curisiling the importation of company on March 29. Besides have gained & euficiently firm go to Russia, about 20 per cent. those things for which the islands paying a dividend of eight per footing to at least survive a com- tonglead, and the remainder to beve become dependent on Ameri- cent, a bonus of Tis, 12 per share petitive basie. The amount of North Chinas Franes, North Amerias, British con manufacturers to suppis. It is paid, Tls, 57,000 is pat into Philippine timber and lumber Unions India and
The may also tend to elevate prices of reserve fund, and Tia. 4,000 will exported to Hongkong and China
Yangiszes Japanere consumption of copper imported articles to a still higher be paid to H. B. M. Consal for the year 1916, as shown by FIRE INSURANCES. shows a growing increses, due to plane, thas causing a correspond. General for diatribation to war the recorde of the barean is a China Fires b.
ipcreased activity of indesing increase in the cost of fands. The report says:-The follows: tries since the outbreak of war. living. At the same time the profit and lose account, irolading 80,560 board feet, valued at
To China: timber, | H. K. Fires The following table shows parti domind for our producte will she balance of Tis. 7,838 24 P9,484; lamber, onders of Japan's output,imports, strengthen rather than diminish carried forward from last year, board feet, valued
6,474,480, Douglases · sad czasumption of and compensation will probably shows a credit balance of Tis. 828.
at Pi54- Steamboats experis
To Honkong: timber, Indos (Def.) come in this way. It is hardly 144 882 65, which smeant the 175,112, popper:
valued
at P8,474; Indos (Pref.) probable that business in the directors 1916.
Tecommend to be lamber, 3,024,120 board ftet, Shells folande would be seriously affect appropriated se followe:- 78,710 75.158 108 798ed under such a contingency The
valued at P92,949. The total Ferries Tie. shipments to Hongkong and 54,448 external commerce for the month Dividend, eight per 55,600 cf February as reported by the
China during the year was 10,- Sugars Bonus of Tle. 12 per ent, absorbing...
654,272 board feel valued at Malabons P303,735. Some conception of the Reserve fond, eguali.
shiste abeorbing
possibilities of the China lumber Kailans market may be obtained from the Langkats sation of dividends
comentar reports, made by the Raubs Wer fands (to be die-
United States representative at Tronohs Changbai, as to the amount of Urais Jumber which is impor.ediato DOCKS, WHARVES, that country, mainly by way of GODÓWNS, &C. Shanghai. From figures obtained H. K. Wharves b. from that official it appears that Kowloon Docks there were ebipped into China S'hai Docks during the years of 1013, 1914 and and
Outpui..
bol parte... Ponsumption
114. 1915. Tons: Tome
215 43,305 51,320 32,045 21,893
-Toni.
2,260
Tasmania Hydra-Electric Cept.
Some interesting information to pending developments ie ontained in the annual report of
Tasmania Hydro-Electric epartment. The opinion bas a formed that there will be a arket for a large amount of ydro-electrio
and power, at the
already contracle
na
were
tributed at diecre- tion of H. B. M. Consul General) Cerry forward, ba-
lar ce of
་་
32,000.00 48,000.00
50,000:00
4,000.00
10,862 55
144862.55
Hongkong, China and the Timber
Market,
b. & sa. $875
Di
·
t. 130 .b. $305 Lex 73 $235
$155 b. $132)
n. x. d. $20 $18 $127
1.
n.
108/-
D.
$33
"
REFINERIES.
b.
$114
b.
$31
MINING
36/-
b.
t. 18)
b.
$2.15
&.
I.
27/6
281-
b.
4.
Larers of customs shows a very satisfactory cözdition of the islands' foreign ir de. Exports were greater by nearly one million pesos than for February of last year, although they were leas by aaqaal amcast than the total shows for the month of January of this year. Importa for the mouth
P7,448,533, E against P4,804,897 for February, 1910, The total trade for lade with the Electrolytic February was four and one-half million peso in excess of that of Company sud ctber ucerna make it necessary for the corresponding month of last firdro Electric department to year. The most notable gaine ke active measures to meet the were recorded by coconut oil, eds of the immediate fature, the exports of which for February veral schemes have already amsgated to P1,685,228, making on the subject of inquiry, ic-a gain of P1,233,238 over the ading the Great Lake, Arthur's/árne month of last year. This opportunity has been opened tooth of lamber in 1914 sad
Philippine lamber, for Ewos the availability re Derwent and Franklin.
of shipping marketa heretofore supplied by that it facilities rather than to increased other countries, in the statement shipments to China between 40 Kung Yiks as been shown 11 be possible
obtain Frodection. Hemp aleo recorded made by the Philippine Directer and 50 per cent, eime from the Shai Cottons gain of more than c1 Forestry, Mr. Fisher, in his United States, while the rest was Yangtszepoos 000 h.p. from the Great a
schema alone, but it million pesor, the exports for report for the fiscal year of 1916, topplied by Japanese lumber MISCELLANEOUS. iutended that the whole of
the month amounting to from the experience gained dar men." Speaking of the leal Borncos
b.
$8 lumber sitation, Mr. water powers shall be inter- 4,880.323 sa compared with ing that year. On account of the
Fieber China Light & P. & sa. $4.75 nected. The importance cia P3,847,990 in February, 1910. special conditions prevailing makes the following comments: Providents
$8 sp supply of electrical power
increase of between the United States and "Although the consumption of Dairy Farms
$25+ lamber in the islands for the past
10
ognised, as in the electro- ical and electro-metallargi. industries the power costs resent a considerable percent of the total woking costs.
Philippine Export Trade.
to P117 per ton; tobacco
There Was
By
ose
On account of the European or which has brought about a shifting of markets and the scarcity of bottoms,an unbounded
the
The
has
lamber been
oon.
LANDS, HOTELS 1015. eoftwooda AND BUILDINGS. hardwoods amooning Centrals to 191,531,066; 246,860,717; and H. K. Hotels 113,880,076 board feet, valued Land lavest. respectively at $3,674,612; H'phreys Est. $4,277,225; and 82,100,858. To K'foon Lands Shanghai alone there were chip. Shai Landa
West Points ped from the outside $2,000,449|
BANKS.
BANK OF CANTON,
LIMII ED.
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business Fransacted.
INTEREST ON FIXED DEPOSITS:
For 3 Mouths 3% per annum.
For 6 Months 4% per annum.
For 12 Months 4% per annum LOOK POON SHAN;
Chief Manager,
NOTICE,
NOTICE
PEAK TRAMWAY CO.
K
LIMITED.
TIME TABLE.
7.00 Ax to 4.00 A A00 AXW
$1,00 BAR. W istory. to Abr. to
RIM, exery half hour.
11.00 P.. to 11.6 PX, every quarter of an beur, BUNDAYS:
ETT 15 MIN.
891
14 M25
25 MIN.
$1211 t. 30
LE MIN.
3.42 F.K. O 21544
LJ5 P.X 1.63 2.36 ... H..
10 MIX.
1535.
30 BEAT.
i BN.
10 Miss.
NIGHT CARIS,
b.
b.
$04 $102
$9525
2.50 and
9 10
b.
$6.95 5
$33
b.
t. 80 $721
COTTON MILLS.
1.
t, 14716
A3 PM 10 GUI., to
a.
t. 13
1,00 1.5.
I.
t. 117
£8.
t, b
Green Islands
Ropes
BB. b.
90.
D.
sa. & b. $8,55 $42 $151
1.
$29
I.
$10
$7,85
$9,80
$i
$8,40
$16
1.
$GA
34
$29
1.
A second contract for native lim. Morning Posts n. ber awarded by the United Staten
CORRECTED TO ROOM WEDNESDAY APRIL 4, 1917, BENJAMIN & POTTS,
Share and General Brokers,
Princes Building
Tel address: Broker.
EXCHANGE.
SELLING.
Demand
2/436
2/4 7/26
2454
1 11/16
Nom
110
Nom
Nom.
5614
1⁄2 can be furnished by / P201800 in the valde of cigars the Philippines, he would arge year has bren about normal, thrre H. K. Electrics iro-electric plant, is generally exported during the month, and favourable propaganda work en Las been a decided change in the H. K. Ice Co.
P128,173 in the value of leaf Philippiae lumbers, in tobacon. Maguey shows an in-markets of the homeland, but for source of supply, which has mate-
Steel Foundries cresie of P151 226, and embroid. direct and immediate results, he rally assisted the Philippine lam-
Trams, Low Level n. February, would prefer to invade the Chips ber industry. The large quantity Trams, Peak, old z. eries P114,990 over
of Oregon 1910. The significant losses were sad nearby marksts, taking into
pise previously Trams, Peak, new n brought into this country and Laundries recorded by eagar which fell of 10ccant their proximity to the 14(8,438, and copra, the ship islande, and the case with which sold at comparatively low prices U. Waterboats. B. ments of which were P202,395 facilities for their introdant. bes within the last year been en- Watsons lesa in value than for February, ion in these markete tirely replaced by native lamber. Wm. Pawells b. in analysis of the exports of 1910 Increase in imports wis may be made available.
Philippines for the month of shown generally throughout prospects of a profitable market rasty, under the title the list. The gain in cotton even locally for Philippine lam-my for 1916 speaks well for ite quality and excellence of morts and Conditions," written | gooda "amounted to P777,624; | ber is also alluring, and if proper!
manufacture. In 1915 the depart- Mr. Harold M. Pits, president in meat products, P223.400, steps are taken to insure a care-
be Manila Merchants' Ass and in wheat flour P222,773. fal maintenance of the bigh ment quarter-master parchaeed San, appears in the Merchants With the exception of automobiles standards now adhered to, there approximately 3,500,000 board peiation Revice for March, and accessories, which showed a is every indication that the pre-
feet of Phillippine lumber and Pitt saya:-An analysis of loss of P60,785, the decreases in sent local market is on its way to this year nearly the entire United orts for the mouth of February imports were unimportant, The wholesome growth, This
States army requirements for we that values of our export general increase can be attributed tendency has been coted daring six million board feet, has been the Philippine department, sbort luch have-bren maintained in part to greater transportation the past year, especially in the the most part. The average facilities then were available for supply of lamber for army ass. contracted for with iccal mills. e of the hemp shipped during the month of February of last year Although heretofore, the local The unusually large smoant of month was P447 per ton as and in some messure to increased department has been supplied
lamber shipped to the United T/T States and Chios has greatly so dia......241 homeland bered with P341 per ton for prices. The balance of trade by the
Coconut oil in faveur of the Islands amounted | merchants, there
stimulsted the local market in 60 dB. ary, 1918.
an increase from P500 a F3,457,177 in February while markod tendency of shifting that the yarde have not been over 4 m/s 2511 per ton; engar frem in January it waa PI,714,778, this.source of supply locally, and stocked, as they bara previously T/T Shanghai....
making a total for the two the Oregon pine heretofore used been, and prices have advanced T/T Singapore ...... 10 54. PA66 to P677 par ton, months of P5,171,953. Of imports | exclusively for military
to a point where lamber oan be T/T Japan cigars remained at P34 per for the month of February, the struction in the islands has been readily cold et profit. The IT india. sand and copra'dropped from United States eapplied 49.77 per gradually replaced by native amount of lumber used in the Demand, India.
to P10 per ton. The in- cent. ar against 56.00 per seat. for woods, which experience has Philippine islands during the T/T San Francis-1 co & New Yorkĺ e in the per son value of the January and 48.88 in February demonstrated can compete in year 1916 is between 30,000,000 T/T Java....NKED 13856 exports is accounted for by of 1916. From the United King-atility with American lumber, and 35,000,000 board fast, which T/T Marks Nom. cressed proportion of contri- dom the imports for February This shifting is demonstrated by shows a slight increase over the T/T France*******3.2934
engar entering into exports. were 488 per cent, of the total the growth of the army contraet two previoca years."
Demand, Paris .............. has been a new market agaics 6 10 per ount. in January which has been from year to year
BUYING. od in the United States for and 6.09 in February of 1916. | lat out to local lambermen, and if obacco from the Philippines | Japan contributed 970 per present standards hold, there is this demand is partly rasoent.; the French East Indies, every indication that the army ble for the increased prices. 9.96 per cent.; and Ohios will boy all its lamber require- improvement in the quality of | 7.91
cent. per
of the ments in the islands in the fature. emp is largely responsible for imports of the month. In January Speaking of the alluring opport
A dispatch from Tokyo daled gher average pricas realized. Japan contributed 10.50 per cent, unity presented by the China mar
distributors report business of the total imports; French East | keta, Mr. Fisher has the following March 21, says su follows:-The anuary and February up to Indies, 6-77 per cent, and Chias, to say "The ongsual opport- German Chancellor euidealy ge but during the current 567 per cent. In February of last unity florded for the extension went to Vienos on the 16th of slackening is noticeable year Japan's contribution amoens of the Philippine lumber basinees Marob because Austin-Hergery is becoming apparent that ed to 11 70 per cent. French East in the United States, caused by bau tried to have a separate peace Bombas siderab'e number among the Indies, 13 79 per cent, and Chins, the mnivoreal chaotic shipping with Russia. The German Chen-
Demand, Bombay... Nom. merchants have over looked 8.03 per cent. The exports to the conditions, is still prezent, and to cellor was able to check this for T/T Calcutta...** esult of the desire to fally, United States took big jump, an even greater extent, in the the present, but the popular views Demand, Calcutta... Nom. y them elves with goods in the proportion for Febrasty being Hongkong and Obina markate, in Austria and Bnegary cold Demand, Manila pation of further advances. 62 34 per cent, of the total while Beciuse of trans-Pacifio freight not be completely suppressed, Demand, Singapore. 1034 ios. Reports are received in January it was but 28 (8 being scarcer and corresponding and there is a tendency for On Haiphong 36 prem, cias-growing sections to the per cent, and in Febraser, 19:6,ly higher than between far Hungary to become independent On Saigon .................... 24% prom.
that prices demanded by but 27.89. Prcotically all of the eastern ports, the large quantity from Austris, and to conclude a On Bangkok......... 6314
Sovereign armers for palay make it account oil exported and a large of lumber from British Columbia separate pozoe with Rumia.
845 Nom. Gold Leaf, per az... 48. sible for the mills to operate part of the hemp went to the and the north-western United!
Bar Silver, per ok......36.13/.6 ali în competition with the United Bistar, which socounts for States - which formerly went to ed Saigon article. This the exceptionally large exports to China is now being replaned by
SUBSIDIARY COINS. is responsible in a me. that country. The United King, our woods. Some of the Philip Flor, pontinued. Large dom took 11.94 per cent, and pins milla are running almost ex- "ations of rio0, It in Hongkong 10 per cent, of the clusively on orders from Ohins and mation,
however, that total exporte, the proportion of practically all of them hava bock- Facemarily right itself, that of Japan amounting to but ed some orders from firms in anos
the ongar-growing so. 3,95 per. dent. -
country. New markets have been
4 m/s. L/C
4 m/s. D/P
6 m/s. L/C
Austria and a Separate Place.
you here lost your appetite one of the big, variety or dainty dishes at the ALEKAN- DLA CAFE is sure to JOH:
3.29
2/5 3/16 2/5 5/16 2/5 7/16 |30_d/s. Bydney &Į
25 7/16 Melbourne... 30 d/s. 8an Franc-1
573-4 isco New York) 4 mfa. Marks
****** Nom. 34014 3.45%
4 mis. Francs ...... 6 m/s. France...... Demand, New York. 55% Demand, Germany.
*
1124
DISCOUNT 'Pra $100; „20 cts, pinos
Chinese
210AM. BAM LO 1:30 AM. 11.374.2.-4-3
fm Nore p
30.37 A.M. EVERY 15 MIN. 1) A.K
His Noon
6.30 PM.
610 P.X.
10 MIN
15 Mrs.
10 MIN.
13 MIN.
Ju
A MIN.
10 Max.
SIGUT ĆAMA as on Week Daya.
SATURDAYS
Faura Car at Wiðught
SPECIAL CARE
By Arrangement at the Company's Dare, Alexandan Mulicing",
Des Voeux Load
"Season and punch deketa stallkile for mil onem not alowly tall, running at the tibia states! in the Company's time (allow, but not far spen cam, can be obtained on application, në the Computy's Office sesa berani turbet wall-loo Sawed until payment flera for has been moote in Bank Nokow or by Clicqtte or Compradosam ender rejuventing Hank Notes, ""
JOIND. HUMPHRENS A CO.,
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up - $1.250,100.)
Loans on Mortgags of House.Property, &tu Gooda weelvisd'où Storage. Advances snada on sterliandiMA., Loans made an ilie l'roviðarl Syden.
TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, &z Underlaken kad Execuled. Matos and Particolare on applicerade)
SHEWAN. TOMES & CO.
General Manssera
To the Office of”
MITSUBISHI COSHI KWAISHA.
(MITSUBISHI 201
COAL DEPARTMENT.
SOLE PROPRIETORS OF TAKASIMA, OCHI, MUTASË, KIAN. IDAKE, YOSHINOTANI. NOJO, KAMA. ZUTA, SAYO, Kanada, SŃIENEW, KAMIYAKADA, BIBLI and GYUBIR
Collieras.
Agents for SAKITO GOAL.
HEAD OFFICE :-
.
| MARUNOUCHI, TOKYO.
BRANCH OFF¦ ES 1-NAGASAKI MOJI KARASU, WAKAMATSU, OTAKU, MURORAN, BAXODATE KOJE, OSAKA, KURE, TOKYO, YOKO. BAMA, NAGOYA, THÚRUGA, VLADI. VOSTOCK HANKOW, PEKING, LONDON, NEW YORK, SHANGHAL LONGKONG, HAIPHQAŬ and CANTON
Cable Address:—"[WASAKI,” Cod s: Al, A.B.A. 5th Ed. West- ern Union, and Bentley's. AGENCIES:- CHINKIANG-Mesari. GEAR-
BANKS
HONGKONG & SHANGFAI BANKING CORPOFA,
TION.
Paid-up Capital .........$15,000,000 RESERVE FUNDS:
Sterling
£1,500,000 at 21.
-$15,000,000 Silver...$18,500,000
!!
$39.5 10,000
Reserve Liability of
Proprietors...$15,000,000 COURT OF DIRECTORS.
S.: Dodwell, Esq. -f halmen
J. A. Mammst, BAS. Deputy Confroma For Mr. C. E. Anton, G. T. M. Mckins, q. Gabbar. And, Boe. Mr. P. I. Folyouk E. 7. D. Put. Eng. W. L Fallondone Zinqu Charon, Mr. R. Salim,
CHIEF MANAGER HonłkoboN. 3. Bệnhà, ng.
, Besplan, Eng. London Bankwoodon County
Weiter. Limited
Hongkoor-Interest AXowed
On Current Accounts at the rate of 2 par COOL ALEKS OF the daily balanÇE,
ON FIXED DEPOSITS.
For menika, If per cent pit saavan. For 6 zona, 2 per cent pas unge. For months, 1 per cent per abber.
-N. J. STABR
Chief Manager),
HONGKONG SAVINGS BANK.
THE Busints of the above Bank la kundnated by the HONGKONG AND KHANGHAI BAKKING
ORPORATION, Kulm may be obtained or applicat INTEREST on deposits is allowed on the m ramonafily balances at $1 per caps per a Depositors may transfer, at their open, black
$:00 or more to the Hongkong Bank ia be placed of FIXED DEPOSIT cent, por anum,
Shanghai
For the Hongkong and Shanghai Braking Corpora Lion
N. J. STABB,
Chief Manager.
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
Incorporated by Royal Charter
HEAD OFFICE-LONDON, Faid-up Capital.
Base Fund...
Emerr iability at 200
POBRIGN EXCHANGE and Gineri: Buzidas
business Eriscled
CUERINT ACCOUNTS opened and FIXED DEPONITE eceived for 1 year or shorter periods, af pains which will be quoted an applicíálon,
T. C. DOWNING,
Manager Hongkong, 11th April, 1912.
THE MERCANTILE BANK LP INDIA, LIMITED,
Head Office 15, Gracechurch
Street, London. Authorised spital .......£1,500,000 Subscribed
Paid Up Reserve Fund
**
BANKE18:
1,125,000
362,500 $50,000
The Bark of England, The London loist Stock Bane, Limbi mă
BRANCHES
todlay
Calcosta
Colombe
Delhi Galle
Hongiorg
Howsab.
Kandy
Port Louis Charities,}
Karachi
Kota Diya
Kuala Lump
Madru
Penang
Kangoo
hangh
Lingapor
PONGKONG BRANCH, Kray decription of Banking and, Eachang)
business trust,
terest allowed on Current Accounts at s per cONT praca on Daily Balances, and on Fized Deposit at rains which may be sacertained on applicatios.
C. CHAMPKIN,
Acting Manager,
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
55. Wall, New York. LONDON OFFICE: 15, Bishopsgaiz, EC. CAPITAL PAID UP .$3,250,000 RESERVE FUNDS........ $4,250,000
U.S. GOLD .....
BRANCHES :--
BOMBAY CALCUTTA
CEBU
| CANTON
COLON HANKOW BONGKONG
KOBR
$7,500,000
SANTO DOMEWNGỢ LONDON SHANGHAI MANILA BINGAPORE
MEDELLIN TIENTSIN PANAMA YOKOHAMA PEKING,
SAN FCISO
Through its close affilation with The Natigpal City Bank of New York, the Bank is able to othe Services of the Branches of that institution de C Bank Amerka, and sisahars, panely-
BAHIA BUENOS AIRES, GENOL, BATANA MONTEVIDEO, KIO DE
SANTIAGO DE CUBA ANTA FAUL, PETROGRID VALPARAISO,
All kinds of FOREIGN & LOCAL BANKING BUSINESS acted.
CURRENT ACCOUNTS opened sad FIXED DEPOSITY receiveć al rales sa bu ajoutaiated as- application
GEORGZ HOGG, Mag
Hongkong, 26th September, 1916,
THE
ING & Co., MANILA-Messrs. MACONDRAT & CO., SINGA- PORK-Measts. BORNEO CO. YOKOHAMA SPECIE BANK,
LTD. GLASGOW—Mesir.. A.R. BROWN, MCFARLANE & CO, LTD.
For Particulars. apply to-
K. KATO, Maunger, Hongkong, No. 2. Pedder Street,
MARTIN'S
AAPIOLASTI
LIMITED.
Established 1880. Authorised Capital Yen 48,000,000
Paid-up Capital Beserve Fund ................
400
#
50,000,000 21,300,000
Head Office-YOKOHAMA
Bench
Agencies
Boubay
Calcutta
Bow Vach
Page 10Page 11