*
COMMERCIAL
THE HONGKONG TELEGRAPH,
NEWS
WEDNESDAY, JUNE 6 1917.
HONGKONG SHARE REPORT.
8-SELLERS; 81-8ALES; B-BUYERS; N.-NOMINAL.
OFFICIAL PRICES.
BANKS.
by heavy storms of wind and rain | lom tax, and this is to he supple-jsudden movement of the pries early in February, the prospects mented by a 10 per cent bones either way need not baanexpected. for a big crop of cotton in Tage in the form of 5 per cent War A further purchase was made last ire not so good as they were Lona inscribed stock, free of tax, week by the United States Glovarn towards the end of 1918. At the which the Company acquired in ment (on this ocossion of 450,000 same time the Association's mena- February. Toe distributions for ounces). Such support, though ger does not consider that the the last two years were at the not large, is likely to impress the results will prova altogether dis aims rate, but then the 10 per American market, owing to the H. K. & S. Banks appointing, and he hopes that the cens bonnes were payable, if quarter from which it emanates. purchases in Lago this year will desired--as they were enre to be An anasally large reduction of reach 10 000 bales or more Thein fally paid shares at par.191 lakhs has taken place in the Cantons unfavourable climatic conditions For 1913 and for 1912 the return holding of silver, coined and also appear to have affected the on the ordinary shares was 10 otherwise, by the Indian Treasury. crop in Northern Nigeria, per cent.
The total now stands lower than and the most recent reporta
it bas done, since February 15 state that the new crop is.
last, The stock in Bombay very late this reason, and is in
consists of 1,900-bars, sa com- pared with 2,000 bars last week, Indian Cotton Duty.
a
on
T
Tea Trade.
Silver.
$725
MARINE INSURANCES.
S.
D.
1.
$350 1. 150 $870
North Chinas Unions Yangtszes n. er 73 $200
FIRE INSURANCES. China Fires H. K. Fires ·
Shells
BANKS.
BANK OF CANTON,
LIMI: ED.
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business Fransacted
INTEREST ON FIXED DEPUSTIS:
Chief Manager.
$146 139270
SHIPPING.
For 3 Months 3% per annum.
For 6 Months 47% per ani um..
$825 $17.50 $108
$40
For 12 Months 41% per annum LOOK POON SHAN;
110/-
$2914
REFINERIES.
A.
$103 $30
MINING
sa.
32/6 t. 17 $2.45 26/9 $27-
DOCKS, WHARVES, GODOWNS, &C. H. K. Wharves b Kowloon Decks S'hai Docks.n.
A-
LANDS, HOTELS AND BUILDINGS.
1.
$75 $122 £. $31
BANQUE 'INDUSTRIELLE
DE CHINE.
Capital (34 Paid up)...France 45,000,000
Frasid.at
André Berthelot General Manager A. Pernotie.
HEAD OFFICE:
74.Rue Saint Lazare, PARIS BRANCHES in PEKING, SHANGHAI, TTENTSIN and HONGKONG.
BANKERS.
In FRANCE: Société Générale
favoriser le Développement de Com meres et de l'Industrie en France, In LONDON: London County & West-
minster Bank, Ltd.
In ITALY: Banca Commerciale Italiana.
Telegraphic Address: OHIBANKIND.
Interest allowed on Current Accounts and Fixed Deposita. Terma ruapplication. Every description of Banking and exchange business transacted.
M. ROUET DE JOURNEL,
Manager.
1.
890 $100. $95 $8.25
IL
$$3
1.
£80
b.
$75
COTTON MILLS.
251
Kung Yiks b. S'hai Cottons Be Yangtzepoos
n.'
t. 14 +191 £5.70
5. Queen's Building.
MISCELLANEOUS.
II.
$7
... $1,50
$8
Ewos
Borneos Chins Light & P. sa. Providents Dairy Farms Green Islands HK. Electrics H. K. Ice Co., Ropes Stect Foundries Trams, Low Level se. Trams, Peak, old n. Frams, Peak, new D Laundries
Waterboats
$23
I
I
$7.75
b:
7
$49
$151
8B
$971 $10
$6,60
$9,10
cts: 90
b.
$5,40
11.
-$18
b.
$6
B
$6,50 $29
A "Reinforced" Sovereign.
Writing in the Economist of April 7, MA, Androm÷Laws of Glasgow, makes some interesting abwe: vations in regard to the establishment of decimal coinage In the United Kingdom. While the metric system of weights and mesantes in use in the countries of the Latin Union was probably the best that could be devised, the metric system, with its minute Phab-divisions was not necessary in a monetary system where the sub-divisions did not require to "La "carried farther" then was
necessary to bring the coinage in doubtful whether the crop in During 1916 the import of ase in direct, and convenient Northern Nigeria will amount to. Indis and Gevlon taas amounted relation with commercial values. more that 10,000 bules. It is ex- 10 322,054,177 lb., whilst the
Douglases If the United Kingdom ad ptsd Dected that the total scop in constimption abarbed 269 246. Mallin, tsratary of the Card Indos (Def.) In his quarterly report Mr.W. Steamboats system it was probable that the Nigeria will reach 20,000 bales 485 lbs, and in regard to Chiostroom Amsigemston, points out Indos (Pref.) example would be fallawed this year, or about the same as for and Java tes 55,317,535 lbs, were that the cotton-spinning trade by the Dominions, bat the great 1916 and in view of the present imported, and 33,270,539 1. c-day is far from being in sa
Ferries ception would be Canada. It difficulties of transport it is doubt consumed. The consumption of flourishing a condition at the would be impossible for Canada fal whether it would have been ere was only 273 949 corta, out beginning of the year. The price Sugars now to detach itself from the possible to deal with a larger of an import of 1,647,904 cwtq,, of American cotton cu March 28 Malabons American system, which was quantity: The purchase of cotton sad the consumption of raw was higher than at suy period completely interwoven with its to date in Nigeria amount to 6,318 oncos noly 763,741 cats, out of since the American War in 1854, Kailans
. If the United Kingdom bales, as compared with 11,003 1,784,766 cats imported. Pre-and-margine on 32% twist and Langkats dopted a diferent spatem it balee for 1915. Ugaude.It is parations of cocca were imported 40'e weft have dwindled down Raubs would determine Canada's fature expected that a considerable per- in quantities of 266,735 cwts., of considerably. Egyptian cotton Tronohs ass fatare of commercial identity tion of this season's cotton crop which 198,182 cats were con- prices have risen amazingly and Urals with the Soited States, and the will be shipped to ludis, se ander sumed. On February 1st, 1917, British people would, at the same present conditions the cost of stocks of coffee in Great Britain margins have dropped, but flac. time, miss the greatest opportuni- bringing the cotton from Mom were equal to a three years tuations in prices of boil the raw 1y that had ever been presented of bass to Liverpool, due to heavy supply, and stocks of Indian and cotton and yarn are to be expected promoting the althaste federation freights.and wat risks, works out Ceylon teas are now considerable. At such abnormal times, and con- of all the English-epesking at about Id per lb. more than the
ditions have not been improved papples, All those peoples have cort of sending it to Bombay.
"by the stah in the back givea unit of coinage identity at The statistice of cotton produced
to it by the Government imposing present in the halfpenny in the East African and Uganda
an import date on cermin cotton Centrals orcent. Why should we Protectorater, and countries to
Meaare. Simnel, Montagu and goods sent to India." That daly, H. K. Hotels Co.'s weekly report issued not build our new system on that? which the same was exported
Mr. Mallin adde, "hw been im Land lavest. There is no need to displace the during the
April 19 states: On April 5 the posed by a week Minister of H'phreys Est. ending quarter
K'loon Lands sovereign. By reinforcing it with 30th September last, showed that quotation reoaded to 369% 1., and State for India at the request of a
much gold se would bring it 1,455,4491bs. of Lint was exported remained either at that figure, few wealthy Parseas and Anglo-West Points up to the level of the American to the United Kingdom, and or 1-1/8 lower until yesterday, Ladisn cotton spinners and Live-dollar piece we would lose 1,403,092 Ibe. to India and when a change came over the manufacturera anxious to increase nothing, because its parobasing Barmah. It is anticipated that the market in sharp contrast to the their enormously growing wealth power would rise by the equival figures for the quarter ending 31st apathy of the preceding fortnight. at the expense of injuring Lap ent of the gold so added. The December, 1916, will show even
Supplies, for some time, have cashire's cotton trade and impre coinage other than gold is, after larger proportion of shipments to been scanty-s fact of little mo- ing increased cost of clothing on all, a token- coinage in all gold Ladis. Badas. The reports to the ment so long as demand kapt the poor Hindu serf... This Gandard countries, and could be end of January were disappointing, small and fitful. Yesterday some import duty is an insult to Brranged thus, beginning with the bat better accounts have recently Chica parchases, covering bear Lancashire. It means the stif.ng halfpenny or cent, s nickel coin of been received, which indicate a sales or otherwise, set in, and the of Lancashire's cotton trade with 5 cents or halfpence; a silver coin considerable improvement market was not broad enough to India. It means less work for of 10 cents or halfpence; a shilling what had been anticipated from all the demand. It is understood our men when they return home For quarter dollar, 25 cents or half previous advices. Nyassalaad, that the United States Govern-from the front. It means less pence; a Borin, or half-dollar 50 The Director of Agriculture re-ment made farther purchases last consumption and less purchasing cents or halfpence; a four billing ports that there are heavy calls week, and the pancity of offering nower of clothing by the poor of piece or dollar, 100 cents or half on the natives for portsrage, has from that quarter encourages the Ladis. It means greater profile sagle, 10s 5d; a ball-sovereign or the cotton interests are not being idea that coinage requirements for the money-bag class of India. haif-engle, 10. 5d; a sovereign. or neglected; in feat, some im for the States are likely to be It means a back-handed measure eagle, 20.. 10. For purposes of provement of cotton cultivation factor of some importance of imposing on the people of this arithmetic we would figure in is possible, and a considerable im
country, who have not yet said dollars (an old English word by provement is hoped for in Fort much expansion of American they want it, Tatif Reform, Mr. the way) and cent, for purposes Johnston, but as yet it is too early supplies even at advancing prices Austen Chamberlain said it of coinage things would remain to givs estimates. The Director can hardly be expected. Con- would only affect 2 per cent "ary much as they are." The in-fot Agricaltare ata tes that tinued pressure to buy upon of cotton
goods imported. finest on all interest-bearing everything praticable and figurs more tempting to specals He knew when be made that state- bonds in this country is payable possible is still being done in re tire holder, the number and ment, or ought to have known, lation to cotton coltivation, in holding of which have senamed that it will affect on times that Nyasaland, and although the con- modest proportions; or to a level
percentage. It will increase the ditions at difficult, especially at which Chins sales of some price of the goods affected, con- transport, be bise mill a high magnitude will become profitable.sequently creating opinion of the possibilities of the The Indian currency return for demand for the coarser quality of Protectorate.
April 15, shows a reduction of 62 Hindu manufactured goods. lakhs in the holding of silver, Lancashire wants no favour, but although the total of the note she does want justice and fair imve has increased by 37 lakh.d ought not forest satisfied At first blash, the report of the The stock in Bombay consists of she gets it... Commenting, T/T
1700 bars, as compared with finally, on a growing discontent Demand Connard Steamship Company, showing as it does an increase of 1900 bars last week. The stock among the members of the Am- 30 dfs. #780,000 on the profit of 1915, in Shanghai ou Avril 14, consist-algamation at having to work 60 dls. The 158th meeting of the cous-which itself was very large, seeman sycee and 16.400,000 dol-states that the Amalgamation has T/T Shanghai....
ed of about 28,000,000 ounces with non-unionista, Mr. Mallia the British Collon Growing
to indicate that, the Company has Aociation was held at Manchest had a phenomenally successfallars, as compared with about decided to support members in all
30,000,000 ounces in sycee and er recently. In the absence of year. It has certainly had a very
cases in which they refuse to work / Japan the president (the Right Bon, the good one, but when wa recall the 167,000,000 dollars on March 31. longer with them. It sounde
Demand, India ...... mitof Derby, KG), Mr. J fact that it has acquired all the The report dated April 12 states: like violent coercion," he remarks, Sad Frecis
On the resumption of basiness "but if non-unioniste" will take Arthar Button pacupied the chair, share capital of The Common-
co & New Yorkĺ Betarence was made to the loss wealth and Dominion Line and that after Easter, the price was again what they have done nothing to T/T 1878
Association have it has been necessary to issue azed at 3681; it remained at obtain, sud which our members T/T Marks.......... Nom. lained through the death of 581,811 ordinary shares of 21 that figure throughout the week pay a weekly contribution to get, T/T Francs 3.2734
William Harsland, who has esch, £365,000 5 per cent prefer. Business has not been setive, our members are justified in stew Demand, Paris been a valuable member of the once stock, £1,000,000 6 per cent The market is 83 narrow that sing their resentment." Council for many yests, and it second preference stock, and, was decided that a letter be sent £1,000,000 5% per cent debenture expressing the deepest sympathy stock-a total of £2,365,000-the with his widow and family. amount of the profit does not Deptation to the Board of Trade: appear so excessive, observes the It was reported that up to the Manchester Guardian The present time no reply has been amount for depreciation has been eceived to the representations nearly trebled, and shareholders made by the deputation on Feb will probably bruary 8, beyond a letter to the of 18 really 8 8071 ct that a committee was in of reserve, bat whether it is urse of being appointed to so or not, of conzee, we cannot. toaire into the possibilities say. It certainly appears to be developing cotton growing on the liberal side, although it| thin the Empire. The opinion must not be forgotten that the fexpressed that some of the usual heavy appropriation to the pozitima Babmitted by the repairs fand in absent this time eputation," especially the one and that no addition is made to Tiling to the construction of the insurance fund. The general ration works in the Sadan, reserve gets su appropriation, of not admit of any delay, #250,000, it didinsk.. year, it was decided to convene a making it £1,500,000, of whicb og af representatives of the $100,000 was from the profite of organisations who at 1913, but nothing from those of the deputation, for Fri 1914. The profit in 1914 was 21, the 18th April, at 1145 286 948, in 1913 £1,187,831, is to consider what steps 1912 21,184,162, in 1911 £838,028
*in gold, and the adjustment could be easily and simply made, be cause the purchasing power of the sovereign does not depend on He name, but on its metal or com- modity value, and if that is in oked the number of coins gagahdacwould he, diminished in proportion.
Brilish Cotton Growing Stand Association.
which the
Cunard Line's Big Profit.
it
B
think part
*ld be taken. West Afrios and in 1910 2987;181. The dividend
count of the damage caused
proposed to be paid on the ordin
ay share for 1918 is 10 per cent,
In
..
these >
circumstance8
greater
WHEN YOU REVIEW THE SITUATION
on the market for beer, of course you will settle on PRIMO because it has been tried, proved and endorsed by all lovers of wholesome beer. An Ideal beverage for summer months.
Stocked by all Wine and Spirit Merchants, and
Hotels in the
H. RUTTONJEE
& SON.
16, Queen's Road
Watsons Wa Powells
| Morning Posts - n.
CORRECTED TO NOON WEDNESDAY
JUNE. §, 1917,
BENJAMIN & POTTS,
Share and General Brokers,
Princes Building.
Tel, address: Broker.
EXCHANGE.
SELLING.
+
2/475 2/4 15/16 2/5 2/51
2/5 3/16-
4 m/B...........
T/T Singapore
T/T India
BUYING
Nom
1029 11:4
Nom.
5714
13834
3.38
4 / L/C............... 2/5-11/16
4 m/s. D/P........... 2/5 13/16 6 m/s. LC
2/5 15/16-
30 d/s. Sydney & 2/5 15/16
Melbourne
$0 d/a. Ban Frano-}
isco &New York
4 m/s. Marks
5814
Nom
4 m/s. Francs..... 3.39 6 m/s. Franca ... 3.44 Demand, Germany.. Demand, New York. 579% TT Bombay Demand, Bombay... Nom. T/T Calcutta. Demand, Calcutta. Nom. Demand, Manila 11414 Demand, Bingspora. 1021⁄2 On Haiphongwenien 344% On Saigon ****aka On Bangkok ........., 64- Sovereign
8.25 Kom: Gold Leaf, pero 48.10 Bar Silver, per oka. 387.
'SUBSIDIARY COINS
pieces
HONGKONG BRANCH:
Tel No. 2352
Hongkong, 14th May, 1917.
NOTICES.
NOTICE.
EAK TRAMWAY CO.
ΡΙΑΣ
LIMITED.-'.
TIME TABLE
2.00 AM to 3600 AM 1.00 10
18.03 AM 10 11.30.3. £Q
116 P. DO 1.46 7.
1510
TIX AM
13,00 LIC 1965
1.18 7.M
ASBANKS
HONGKONG & SHANGHAI
BANKING
- TION,
CORPORA,
Paid-up Capital'.......................: #3 5,000,000 RESERVE FUNDS;
Eterling
£1,500,000 at 2
-$15,000,000
Silver $18,300,000
$35 550,000
Reserva Liability of
Proprietors.$15,000,000 COURT OF DIRECTORS
Hon. Mr. S. H: Dodwell, hi
1. A Plama. Dec.. Deppite · Chalani Hot, Mr. C. 8. Antena Ga 233 Bdkins, Mt. G. Gabbay. Bad.. Bee. Kr. P. H. Holy E. V. D P W In Fattenden, Tag, A Es Comprom, Ex
Hongkong, J. Babk, Inge
- Mangbai-A 17. Spiphen, Fa London Hankes-Londra Domuty and
Warninner, Limited.
Hongkong Internet Allowed i
moms at the cabce of 2 per coniu
On Our amnum on the daily balanca,
For
For
SON, FEED DEPOSITE
For 3 months. 2) per cent, pOT ZUTEN, more per Lantine sanam. months, i per comL DE ANULI N. J. STABB
Chief Manageri
HONGKONG SAVINGS BANK.
THE Essiness of the above Bank la canidactal i the HUNGRONG AND SHANGHAI BANKING CORPORATION
Fules may be obsalad or application) INTEREST on deposita is allowed on the mine lorem ronthly balances at Był per cent, per KIÉ
Depositnes may transfer, at their option, fee or more to the Hongkong and Shanaha Bank to be placed on 2230 DIOPOSIT in C Lent. Per abzum.
For the Hongkong and Shanghai Ducking Corpeis
N. J. STABB,
Chief Manager.
THE CHARTERED. BANK OF INDIA, AUSTRALIA AND CHINA.
Incorporated by Royal Charter 2953-
WRAD OFFICK—LONDON.
PAID UP CAPITAL
RESERVE PUND KESERVE LIABILITY OF
PROPRIETORS
FORKEN KUHANGE and Gessed Betimų
business transactad....." CURRENT ACCOUNTS opened - and vikend DEPORTES received for 1 year or sogar periods, res which will be quoted on application,
T. C. I OWNING,
Manager Hongkong, 11th April, 1912.
THE MERCANTILE BANK OF INDIA, LIMITED.
Head Office 15, Gracechurch
Street, London,
Authorised Capita)................£1,500/0/0 Subscribed
Paid Up
Reserve Fund
1:1,125,000
562,570 ***** 600 000 BANKÉRA
The_Bark of Koglină.
The London Teint Stock Barley Kline ver
BRANCHEA Bombay
Ever 15 MIN.
20 MI>
18 MIN.
·18 Mrx.
10 ML.
145 x
£JB 7.N.
TO MIN
fibo
16 31%
-De
10 23
GREA
Hongkong
Howrah
Kandy
PUCKY JS.
XIGHT CARS
30 and 9 22 1807 Lo
$100 F.26 Every half: Hour,
12.00
13.45 Y36. svery quarter at an hund SUNDAYS:
100 4x to
36.30 AO 11.30 AM to
20.30 AM.
11.80 3. 1200 Nood
1980 Boca to -7.00 PAL
SP 10
13 PX
6.00 2.16
SOL NO
6.80P.M
4.30 2.3 to
8.00 F
EVERY 15-20s, 10: MIX,
*
11.
13 Mt.
LU NC
15 31.
·
NIGHT CARS as on Wetà. Days.
SATURDAYS:
Mers Car as Widzighi
SPECIAL
CLES
By Arrangement at the Company's Office,
Laxapīrs Bufiðingu **
Die Vorst Bald.
org not already foil, marzitng si tien tizar materič is the Company's Zizde Jußjba, hot nektor speeİL) mi ona be obtained on Appload the Company's Offsen som Ny Benson thriat, w131 ba Simond Kid payment themed has been inach in Bank Kötés or by Cissyjna or Compradom. conder representing Hank Notes.**
JOEK D. HUMPHREYS #00
THE CHINA PROVIDENT LOAN AND MORTGAGE CO, LTD.
(Capital Paid up...$1.250,000.) Loses on Mariage of House Property, da Goods rested on Starsgs.
Advanoat zinde on Merdančias, Att Lawns made on the Provident Bysta
TRUSTEZ, EJECUTOR OF WINS. AKTORICHT, ko. Uzalenakem süd PracITLAČ:
Daher sat Pimelőks of
To the ones application SHEWAN, TOMES & CO.,
General 'Mangoera
Fort Louis (Mauricius.).
Kuala L
{Penting
Raigben
hanghai
Singapore
HONGKONG BRANCH,
Every description of Basking and Zachangi business transcendana.
Interac allowed on Current Accounts at a fer gund per annum on Daily Balances, Hit on Find Dyed at rates which may be ascertained counselicacies.
C. CHAMPRENT
Acting Manager,
INTERNATIONAL BÁNKING CORPORATION.
HEAD OFFICE:
Wall St. Kew York.
LONDON OFFICE:
16 Bishopsgata, BC V3
CAFITAL & SURPLUSTM UA $4,500,000 UNDIVIDED PROFITS US. $1,010,000
BOMBAY
US.. $7,510,000
BRANCHESzám
KOEF
CALCUTTA LONDON
CALITON
CEBU.
COLOR
HANKOW
BASTO DOMINGO SHANGHAI SINGAPORE
MEDELLIN TIFZTSIN ZANAMA YOKORAMA PEXIKO
HONGLONG SANFRANCISCO
Sick of New York the Bank is uble to car the
Thirdugh its losa solistine with The Watlone? City
(the Branches of that fostitution in Case Batth America, and wavebrE”, BANK)72-
BAHIA, BUENOS AIRES, GENOA HATANA MONTEYDEO: RIO D# SANTIAGO DE CUBA. SANTOS, SAD JANEIRO: PAULO, PRZEOGRAD VALPARAISO,
All kinds of FOREIGN & LOCAL BANKING BUSINESS transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS Cerved at rates to be securtained as application.
GEORGE-B000, .. Muage,
Hongkong, 26th September, 1916;
-THE
YOKOHAMA SPECIE BANK,
LIMPPED.
Established 1880. HA Anthorised Capital Yen 48,000,000 Paid-up Capital:
**-50,000,000 Hosarts Fund...... $21,300,000
1.000
Head Office.-YOKOHAMA