the
COMMERCIAL
angonocement of
Japanese Bonds,
Philippine Tobacco Trade.
Additional purchases of £300, New impetus to the campaign 000 of the first series and £200,- being presecated in the tobacco 000 of the second series of the ising provinces for an improve Japanese 1905, 41 per cent ment in the quality of Philippine sterling bands are announced by deaf is given by the Manila the London, branch of the Yoko
Bares of Agriculture through bams Specie Back.
These par the chases have been made on behalf appointment of 18 new tobacco of the Imperial Japanese Govard inspectors, who will work in the ment for the purpose of cancella. provinces of La Union, Cagayan tion, and the numbers of the and Isabels particularly. The bonds thus cancelled are an- Bureaux cf Agriculture and of Ianounced. With the present ternal Revenue, it appears, are co-amount the Japanese Government operatingin the present campaiga, has brought its purchases since the former conceroing itself with the war began to $7.771,520, of methods for improving the methods which £3,979,500 relates to the of leaf cultivation, and the latter, first series of 41 per cent, bonds with the standardieation and and e3 792,023 to the record classification of the product for series.—Eza'ange. marketing. Mr. Hoskins of the Bureau of Internal Revenue left for Cagayan several days ago to take charge of work in the latter line, and the appointment of the new gricultural inspection fores will
can Contract,
Chinese Cotton.
THE HONGKONG TELEGRAPH, WEDNESDAY, MAY 2, 1917.
8.45
NEWS.
etc.
mem
HONGKONG SHARE REPORT.
BANKS.
BANK OF CANTON,
LIMITED.
SELLERS; SA-SALES; B-BUYERS; N-NOMINAL
HEAD OFFICE, HONGKONG
OFFICIAL PRICES.
$71214
FOREIGN EXCHANGE and General Banking Business Transacted.
BANKS.
E.
I.
$3.
$146 $325
Douglases Steamboats Indos (Def.) Indos (Pref.) Shells
11.
$85
38.
$18
S
$123
$113
R.
107-
SA
13.
REFINERIES.
b.
$11316
$32.
MINING
II.
31/6
b. x. d. t. 1634 SA. $2,60
Manila Hemp Market. ver, while imports from the A recent jump amounting to United States have approximately P5 a pioul in the than doubled. Imports of higher grades of Manila hemp, such goods and materials from required by the United States the United States probably ag market, has been one of the most gregate shout G. $300,000 absorbing topics of conversation annually. The distribution of the among fibre merchants bare for the goods may be indicated by the H. K. & S. Banks D. past few days, saya the Manila fact that the urchases of one of Daily Bulletin, and there seems the Hongkong department stores
MARINE INSURANCES. to be no unaimity of opinion as to during the past year in the United
Cantons just what is to be responsible for States have included: locks;
$373 North Chinas
L 150 the increase. The entry of the padlocks,
Unions. G13,000; Yangt.szes
$860 United States into the war is cutlery, G. $8,000; bolts, hinges,
11. ex 783917 regarded by most of the exporters etc., G. $6,500; razaretropa, eta,
FIRE INSURANCES. as one of the most important, if G. $5,500; aluminum and ensmel China Fires b. not the most important factor in ware, G.$9,000; the situation, sad it is pointed eandrier, G. $10,000.
H.K. Fires hardware
b. SHIPPING. out that a similar increase in the World's Cold Output. price of grades of fibre taken An interesting estimate of the
the by
United Kingdom world's production of gold for the market
noted immedi~ past year is made by the "Statist." Kailan Company Secures Ameriately following the catbreak of The total figure in giren an. £95,
hostilities between that country 725,000. This is a decrease of Ferries The Quartermaster Department and the German Empire. This close na £2,000,000, compared hee awarded to the Kailan Mining is dar, it is stated, to the fact with 1915 principally due to Sugars Administration, Tientsin, a 000-that bigh grade cordage such as falling off in Australasia, sad the Malabons id materially in the extension of
tract for the supply of 66,000 is required for use by the navies United an educational campaign among
tons of coal for the Philippine of the world, is made from hemp, by
States, partly cŒsat. the planters designed to im- Department. United States Army, and an increased demand is £1,000,000 in the African cut Langkats
an increase of
nearly Kailans prove both the quality of the leaf during the &cal year from Jaly certain to resalt in a rise of price. put. The constries forming part Raubs grown and the quantity of the 1917, to June 30, 1918. The In the present instance the sisal of the British Empire contributed Tronohs crop. It is now assured that a Kailan Mining Administration market seems to have been re-jast two-thirds of the total world's Urais market for Philippine cigars cared the contract on the fol-sponsible for the jump, to output for 1918. The Transvaal. exists in the United States and lowing quotations: $350 per ton certain extent at least. that this can be developed to a for bituminoce lamp coal and American cordage manef.ctures record catpat valued at sbout H. K. Wharves -
The heads the list, of course, with a highly profitable extent through $3.75 for washed aut coal, obtain practically all of their eisal £39,500,000, Rhodesis's output Kawloon Docks sa. improvement of the quality of the fo.b. Chiawangtao. The contract from Yucatan, Mexico, and the was also a record at £3886,00). S'hai Docks tobacco grown bers and especial. allows for an additional charge of monopoly which controle the fibre Of foreign countries the largest ly through government supervis-50 cents when the company is exports from that country recently producer was the United States ion of classification and guarantee
forced to lighter the coal to load jumped the price in the New with £19,087,000.- of quality for the leaf placed
it on the Army vessels transport-York market to such a figure that проп the market..
ing it to the Philippines.
Shanghal Coal. difference between its cost and Msors. Wheelock & Co.'s fort- that of hemp was Do longer nightly coal market report dated Paper-Making Fabrics. The weekly cotton market re sufficient to justify ita ny, when Shanghai, April 26, say Japan
port of Mesare. J. Spunt and Co. the enperior quality of Manis Cal-Silk flatores are not in Shai Lands The chief feature of the wood for April 28 states:-Throughout fibre was taken into consideration. fall working order yet and there West Points palp market during the past year this week the cation market dis Then to one American firm reis no material change in this has been the exceedingly high played a firm tendency and while presented here has been buying market since last writing. Arrivals prices that have been obtained, prices remain practically a heavily for delivery as late as to were greater than the actual de especially with regard to chemical changed a fair business is report months from the present, and this liveries. SomeChinese deslers have palp, says the London Chambered, mostly for near deliveries. The competion in the purchasing field imported direct from Japan a los of Commeres. Journal. La the feature of the week has been the has led to higher bidding, say of interior coals and this bas cans- beginning of the year the export large.inquiry. for Indian cotton, those in touch with the situation.ed this market to quieten to some Borneos of all chemical pulp from of which soue 10,000 bales of All of these factors are supposed extent. General scarcity of cosi China Light & P. b. Breden to England the lower grades have been booked to have played a part in the recent prevaile all over the industrial Providents prohibited by the Swedish Gov- for ebipment in April-July, price jump, but apparently no towns in Japan due to the luck Dairy Farms ernment. Consequently prices Owing to carcity of freights and two exporters are agreed as to the of adequate means of transporta. Green Islands of Norwegian chemical palp in the difficulty in buying rupees, extent to which say one of them tion, and prices are keeping H.K. Electrics creased very fast, and whereas in business in Indians was more or has been responsible.
ateady.-The freight has wesker- H.K. Ice Co., the early part of the year prices les restricted but with a free
$151 American Hardware In
ed a little for trip obarter,: laaf Ropes of sulphite palp ranged from £15 offering from the banks a better
82814 Hongkong. 108, to £17 10. per too, they sttention will no doubt be devoted
fixture having been reported at Steel Foundries n
$10 Mr. G. E. Anderson, American Shanghai, while Y.1500 per ton Trams, Peak, new n.
Y 590 gradually got dearer, until the to the fodian grades by local
per tan for Japan Trams, Low Level sa, && $0.80
Trams, Peak, old n. -maximum price was
reached buyere. The situation on the whole Coosal General in floogkong, in D W. is quoted for sime charters. about June, when something like cannot be said to have made any his report dated January 15,-Foshan Coal-No Change. U. Waterboats n.
Laundries $43 to £45 per ton was obtained change and the market will there- states: The hardware trade in Kaiping Coal:-The market re- Watsons for Norwegian easy-bleaching fore be governed more or lese by the Hongkong field during the mains practically unchanged Wm. Powells sulphite and about £40 for strong arrivals from the interior, which past year has been one of straggle socks have increased somewhat Morning Posts a salphite polp, At this time soda bas so far showed very little on the part of European mano- palps were worth about $42 for improvement, in spite of the factarera to hold a market they operation slightly before old char- owing to new charters coming into easy-blesobing and about £40 for present tempting high prices cucs practically controlled. In few Sraft cods pulp, although in the ruling. And if the firmer can instances have they been able to
ters expired, but as all the Earo- early part of the year these palps resist the temptation of marketing do so and the result has been that pean steamers lately redelivered could be obtained at something big cotton at the present level of in spite of high prices in the ove proceeded to Europe, and like 817 and £15 respectively, prices, there seems to be some United States and high freights have been requisitioned by the the administration's own veseely With the torn of the year con-
truth in the statement that the and especially of slow deliveries, siderable quantities of pulp were cotton in the interior is getting American trade in hardware has British Government, the favour "imported to Britain from Canada near exhaustion. Tone of the forged ahead. The increase i
able tonnage situation now under- and America at prices considera market, firm.
particularly important in this linen a change Owing also to bly below what Norwegian pulp Philippine Exports and Imports hardware was commencing before of coal available for export has for the reason that Americange sales in North China, Man- churis sad Japan, the quantity could be bought at, and this Total exports of the Philippine brought about a reduction in the falande for the month of March, the war to have an increasing been much curtailed. Future T/T price of pulp imported from 1917, smounted to P16,455,185, hold upon the Hongkong market. contracts will be governed by Demand Norway. Supplies of wood pulp according to the monthly report Before the war Germany had a from Finland were not obtainable on the export trade published large trade in cheap hardware. freight rates which appear to be 30.d/s.
increasing almost daily. at all during the year, on account yesterday by the insalar collector
for
of the difficulty of shipment. of customs. In March 1918 the Moist mechanical pulp has been total exports of the islands were elling during the year at from P12.393,236, or more than *753, to 853. per too, but about P4,000,000 leer. Importa for list November prices took a turn month were 19,952.141 as com- apwarde, owing to the extraord pared with P7.206,511 for the inarily high prices which have same month of 1916. The total to be paid for timber, the present trade of the Philippines for March value of moist mechanical pulp 1917 was P26,407,326 against being about 953. to 100s. per too. PI19,599,747 for 1916, Hemp Dry mechanical pulp has also leade the list in both total value been in increasing demsad, the and increase over last year. Kilos valus at the end of 1918 being 19 202,185 of hemp, were shipped about £13 10. per ton compared from Philippine porte last month, with about £11 per ton during the of a total value of P8,547,041. In first half of that year. The rate of March 1916 hemp exports totalled exchange has gradually improv. kilos 13,844,355, valued at P5- ped, and at the present time it 323,657. These figures include rans about Kr. 17.20 to Krall grades. Exportations of sugar 17.30 to the Norway, and amounted to P3,401,474 about Kr. 16 80 to the £ in Sweden. March of this year against. Negotiations are being carried on P2,373,907 for the between the Swedish and British ponding month of 1916, A Governments with a view to allow total of 25,847,038 cigars were ing pulp lo come forward, în exported from the islande in- return for Great Britain permit- March, valued at, P798,330. Ia ting the export of certain articles, Marob of last year 23,492,771 such as coal,ebemical, etc., which cigars were exported, to a valu are needed in Sweden. Even ift of P472 063.
Other tobaoca the embargo on 8redish pulp is showed s slight decrease in com removed, it will be very difficult parison with last year's exports to ship until the spring of 1917, for Marob. The United States led sa account of the Baltic porte by a wide margin in the trade being closed by for; as well as the with the Philippines. More than, Buffonlties of shipping from those P5,000,000 la importa and P12. Porta Our Government has now 000,000 in exports being credited leoided still further to restrict to the States. Japan was second the import of wood palp during with approximately P1,000,000 1917, by 50 par osat, instead of imports and the same amount in ly one-third, sa has been the exports. Chins ranked third with
daring 1916.
a total trad's of about P1,000,000.
correa-
Austria also having a fair hold in one linee, such as ensmelled ware. Much of this cheap trade has gone to Japan. Another result
Examination of Shanghai Oplum.
of high prices and the difficulty Nanking, 22nd April-Vice- of securing goods has been an Prevident Fang Kuo-cheong has increase in the use of Chinese wired to the Superintendent of the made sabatitutes for foreign Maritime Customs at Shanghai, goods. In spite of drawbacks in ordering him to report apon the the trade, importa of hardware number of boxes of opium stored daing the year show a fair in-and examined in the month of crease over those of the previous April.
MEUKOW BRANDY
Purveyed to House of
INTEREST ON FIXED DEPOSITS:
For 3 Months 3% per annum. For 6 Months 4% per aut um
For 12 Months 41% per annum LOOK POON SHAN;
Chief Manager,
NOTICES..
NOTICE.
EAK TRAMWAY CO LIMITED..
TIME TABLE.
Er 15 Mig.
10 MIX.
15 Max.
15 YET.
10 MIN.
15 MIN.
-
IS MIN. 10 M
NIGHT CARS 2:53TX and 9.30 to
11005. every half bour.
31.00 P.X. 2015
every quarter of an hour. SUNDAYS:
T.OC A.M
8.00 AM to
10.30A.M. EVERY 15 M56 11.00
10 Mr.
S.
n
27/6
.311-
DOCKS, WHARVES, GODOWNS, &C.
1.00 LX-30 8.00 LM
8.00 to
10.03
b.
$701 $121 t.90
20.00 x 20 11.30 AM 1915. to Listo In to
11,00
1.35
1.43 J £15 +
LANDS, HOTELS
8.007.M
- AND BUILDINGS. Centrals
IL
$.00
H. K. Hotels Land Invest. H'phreys Est. Koon Lands
D.
$102
53.
$97
n.
$6,25
1.
$.33
11.
t. 30
b.
$77
COTTON MILLS.
6.30 Facto
6.00 T.X
#
11.
b. 4
n.
t. 151 t. 1414.
120 t. 5.70
600 PM to
8.30
6.30 13. 10
8.00 X
MISCELLANEOUS.
11.
$8
b.
БЯ.
b.
$4,75 $8 $231 $8,10 $52
д.
1.
Ewos Kung Yiks S'hai Cottons Yangtszepoos
b.
$9,80 $1 $5,40 $16
b. b.
$6,60
$29
CORRECTED TO NOON WEDNESDAY MAY 2, 1017,
BENJAMIN & POTTS, Share and General Brokers,
Princes Building,
Tel, address: Broker.
EXCHANGE.
SELLING.
2/454 2/4 11/16 2/434 2/436 .2/4 15/16
Nom
60 d/s.
4 m/s...... TIT Shanghai.... T/T Singapore vme T/T Japan
10134
1104
Nom.
Nom. 564
T/T San Francis-
T/T Indiastinu Demand, India................
T/T Java.............. 13814
co & New York! T/T Marks........... Nom. T/T Francs... 3.24 Demand, Paris. 3.244
BUYING..
4 m/s. L/C ..... 2/5.7/16 4 m/s. D/F
-2/5 9/16 .... 2/5 11/16 2/5 11/16
6 m/s. L/C
30 d/s. Bydney
. Melbourne
30 d/s. San Frand-】
isco& New York)
4 m/s. Marks
4 mis. Francs
6 m/s. Franca.....
58
"THON
3.36
3.41
⚫Lords. The Govern-Demand, Germany..
Demand, New York. 5631⁄2 ment Depart TT Bombay ments at Demand, Bombay... Nom.
Washington, TT Calcutta. —
U.S.A.
AND
The
Different
Navies and Armies. Sold Everywhere. Sold Agents :----
H. RUTTONJEE
& SON
16, QUEEN'S ROAD
Demand, Calcutta... Nom.
Demand, Manila..." 11314
Demand, Singapore. 10111⁄2
On 'Haiphong . 3% prem.
10.30 De 11.30, 50
19.00 Noon
1200 Noùn LO 10) 2.3.
100 P310
6.30
*
MAX
10 MIN.
15 KIS.
10 M
10 MIN.
10 M
SIGHT CARS on Week Days
EATURDAYS:
Ex Carat Midnight," SPECIAL CARS
By Arrangement at the Company'ı Ofise, Alexandra Brădings,
Des Voeur Blond
• Season and panch" tickets available for all ENTO DOT KÍTAndy tail ronoing at the Umn stand In the Company's time tablos, but not for special mark, can be obtained on application at the Company Office-So Season ticket will be ised vtil payment therefor has been made in Back Holes or by
order representing Han hour or Compradora
JOHN D. HUMPHREYS &CO.
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up.. $1 250,00.)
Loss on Mortgage of House Property, & Good received an Storage, advances made on Merchandisa, Zoana made on the Provident System
TRUSTEE. EXECUTOR OF WILLS. ATTORNEY, de. Undertaken and Executed (Hate and Particular on application) To the Office of SHEWAN, TOMES & CO.
General Manarere
MITSUBISHI GO SHI KWAISHA.
(MITSUBISHI, CO.)
COAL DEPARTMENT.
SOLE PROPRIETORS OF TAXASIMA, OCKI, MOTARE, KISH- IDAKE, YOSHINOTARI, HOJO, KAMA. ZUTA.. SAYO, KAKADA, SHINHEW, KAMIYAMADA, BIBAI and GYUBAR Colilaries.
Agania fʊş SAKITO COAL
"HEAD OFFICE D MARUNOUCHI, TOKYO,
BRANCH OFFICES :-NAGASAKI MOJI KARAISU, WAKAMATSU, OTARU, MURORAN, HAKODATE KOBE, OSAKA, KURE, TOKYO, YOKO BAMA NAGOYA TSURUGA, VLADI VOSTOVE. KANKÓW, PERING. LONDON, NEW YORK. SHANGHAL BONGKONG. BÀI PHÒNG mà
...CANTON.
Cable Address:—"IWASAKI" Cod-s: A1, A.B.A. 5th Ed., West-
Hern Union, and Bentley's.
AGENCIES:-, CHINKIANG--Messrs. GEAR.
G & Co., MANILA-Messrs. MACONDRAY & CO., BINGA, PORR-Mesars, BORNEO
CO
BANKS
HONGKONG & SHANGFAR
BANKING, CORPORA
TION Paid-up Capatin) 2 $15,00% RESERVE FUNDS:
Sterhng
£1,500,000 at 24-
-$15,000,000 Silver $18,500,000
BIG 5:30,000
Reserve Liability of
Proprietors....$15,000,000) COURT OF DIRECTORS.
S. H: Dadwall, Eng, - kairme.
1. A. Mimmuner, st, Drosty Chinirzmas, Hon. Mr. C. B. Anton, G. 3. M. Bilim, Sangee Gudhay. Eig Hon, Mr. F. H. Hayak ED. PL, E, F. Fattenden, Bay,~* Chatraza.
Nos r. 2. Salim, ORFEY MAXAGER Hongkong-H. J. B, 24
MAKALER
Shanghai G. Stepbro, Esc, London Backer-London Conaty and
Westbater. United
Honghoaturest Allowed 1.
On Current Accounts at tha exze of 3 per VEDE
aunum on the daily balanes.
ON YEED DIFÒSITS. Yer & machojili per coat. DER RAFELIN For 6 month per cent, per axiom. For months, 4 per cenL ÞEŤ ADE CAL N. J. STABB.
Chief Manager.
HONGKONG SAVINGS BA♪K.
TER Business of the above Bank la coodoème be the HONGKONG AND SHANGHAI BANKING FORPORATION,
Rules may be obtained es application) INTEREST on deposits is allowed or she wangu iwuz mọndly balances at Ful per cent, per sGOME.
·Depositors may transfer, i of 400 or more to the thor sad Shangh
r option, balances Bank to be placed on FIXED DEPOSIT 11 ◄
KL per kaum.
For the Hongcang and Shanghai Backing Corpee.. Hoo
N. J. STABB...
Chief Manager,
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA
Incorporated by Royal Charter 153
FEAD OFFICE-LONDON, Paid-up Capital £1,300. Reserve Fund... Reserve Liability of Proprietor), 197,000 FOREIGN EXCHANGE and General Bonu business bansacted. CURRENT ACCOUNTS opened and FLIED DIPOSITE received for 1 year or saaster periods, rates which will be quoted on application. T. C. DOWNING,
Manager
Hongkong, 11th April, 1919.
THE MERCANTILE BANK (F INDIA LIMITED.
Head Office 15, Gracechurch
Street, London.
Authorised Capital.
Subscribed..
Paid Up
Reserve Fund
BANKERB
.£1,500,000
The Eark of England,
1,125,000 562540
600 600
The London Taint Stock Bask, Limoni
BRANCHES
Bombay
Calenza
folombo
Dethi
Galle
Hunghoog
How ab
Kandy
Port Leais (Mauritius)
Karachi -Kota Bhar
Kulla Lamps
Madras Penas
Rangoo
لمطرح Shan
Singapore
FONGKONG ERANCH,
Every descriptice of Banking and Exchange Ensites tramacted.
iptares allowed on Current Accounts at a par per annum on Daily Balances, and on Fized Depen in rates which may be ascertained on application.
C. CHAMPKIN,
Acting Manager,
INTERNATIONAL BANKING
CORPORATION.
HEAD OFFICE:
Wall St, New York.
LONDON OFFICE: 36, Bishopsgate, LC. CAPITAL PAID UP......$3,250.000 RESERVE FUNDA.... $4.250.0004
U.S. GOLD ***......$7,500,000
BONRAY CALCUTTA
CASTON CEAU..
COLON
HANKOW HONGKONG
BRANCHES :-
KOBE ** BARTO DOMWIKO
LONDON SHANGHAI MANILA SINGAPORZ
MEDELLIN TIESTSIN PANAMA YOKOHAMA PEEING,
SAN PCTEL
Through its close alation with The Wasteel City Bank of New York, the Bank is able to oder me Services of the Branches of that lasthuntion in Coba South America, and alwwhare, 47 "BAHIA, BUENOS AIRES, GENOA, HAVANA MONTEVIDEO,
RIO DE JANEIRO SANTIAGO DE CUBA. KANTOS, PAUL, PETROGRAD VALPARAISO
All kinds of FOREIGN & LOCAL BANKING BUSINESS transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received at rates to be ascertainąć ne application.
GEORGE HOCG,
Manger,
Hongkong, 26th September, 1916,
THE
LTD, GLASGOW-Messrs. A.R. YOKOHAMA SPECIE BANK, BROWN, MCFARLANE & CO., LTD.
For Particulars, apply tom
K. KATO, Manager, Longkong, No. 2, Pedder Street,
On Saigon............ 24% prema
On Bangkok
Bovereign
Gold Leaf, pero
6412
MARTIN'S.
LIMITED.
Established 1880, Anthorised Capital Yen 48,000,000 Paid-up Capital... 30,000,000 Reserve Fund
21,900,000
.19
#
Head Office.-YOKOHAMA
Benches Antrag Holes
d
Agencies" Magnuski
Nevctrons
Calcu
Kew York
2.30 Nom: 48
Changcham
Qala
Doured
Puking 1
Tangsion
Barbie
Bar Silver, per o
374-
Tobu
SUBSIDIARY' COINS.
van Šuma rencomend them, bener thair enor
Los Angeles
DISCOUNT PER $100: Chinese...20 ota; pieces 53⁄41⁄4% dia.
hinese...10 Hongkong 20 cts: piecos Hongkong 10
542% dia.
bar.
Rys For Arthur)
Sydney
ETHIONO, Manan
Hangkong, 1219 Marel