COMMERCIAL
responsible,"due to a desire to fi1l) Korean orders which could not be filled from Japan, or from a belief that prices in the immediate faturs would go much higher..
Yarn.
THE HONGKONG TELEGRAPH, WEDNESDAY, JUNE 27, 1917,
NEWS..
Foreign Bonds in America. British and German rivala sven An interesting article in reafter the conotusion of the war. ferer os to eriticisms that have In addition, it is aid that a been inade in regard to the rates project for the manufacture of of internat exnated on long plso- bean oil is also maturing. Apart ed by the Alliem in the United from these official or semi-official States appeared in the Christian undertakings, there have of late Seienes Monitor of May 12. It been increased private projecte seems that these criticisms had for spinning and weaving in the vuiced for some zone of the South Manchuria
accen- Railway Company.
Loan
Export of Japanese Pulp.
Japanse import trade in ericualy hindered, and paper manufacturers view Tituation with some misgiv It is believed, bowover. but the stocks held by paper- Daring the week ended Jane nufacturers generally are suffi- 15 the Shanghai market for tht to last until the end of this Indian Yarn advanced very ear, while the domestic mano- rapidly and about 5,000 bales been facture of palp, stimulated by the changed hands at an advance of time and had become difcety of importation conseTle, 5.10. The Japanese firma tasted when it was sunounced
Hankow Export Produce. Liberty the quent upon the war, has appre- have done most of the buying, as that
The weekly circular, dated bably developed oflate. Ass result, they anticipate a substantial rise was to be issued at a comparative Ufforte are now being made by some in the near fatare. Io Bombay,ly low rate of interest. The arti- Jane 13, iesued by the British merchants to export home-made prices have also advanced con- cle proceeds: That this criticism Chamber of Commerce at Hankow palp. This is not to the dis-iderably, in some cases about is unfounded and unjust, bankers atsles: There is nothing fresh adrestage of thoes paper manu Ra. 15 per bale, and the tendency say, is nfcted in the current to report from this market, factures who are suffering from appears to be upward as cotton is quotation for practically all of the which continues extremely dull, " The scarcity of imported palp, for rising vary rapidly and the latest foreign government bonds held in Heavy rains are reported from somewhat improving that they essentially want is not quotation from Bombay for the United States, which are now Hope,
prospect for. the yet producible in this country Brosch is Rs. 523 and for Bengal several points below the price at the
ad for the palp exported there Bs. 383, a rise of Rs. 35 and Ra which the bankera offered the autumn crope. Ia epite of the It to excessive domestic demand. 23 respectively during the week. issues to the public. It shows, it great rise in exchange and cor-
is reported that the Shims
is contended that the public as a rent high rates of freight, taol· Shoten, of Osaka, is endeavouring`
who's in this country would have prices continus to rise Hides to export Japanese palp to India,
exacted a touch higher interest are more firmly held by native" and has lately signed a contract
rate from the Europesa govern-deniers. The cotton market in for about 1,600 tons. Present
ments than that arranged hy very strong owing to the lack of quotation for this palp stand in
prominent American banking supplies. Wood oil is also in he neighbourhood of 12 ton per
interests. If the argument that small supply and very firm, while 26, but it is expected that an
too high a rate of interest fellow is almost as strong. been imposed upon the allied advance will set in before long.
interests for bonde placed in this country, were a sound one, it is asserted that these same bonds to-day would be selling at a pre- mium of several points over the price at which they were fered for subscription to the American pablic.
Sük.
The Tea Market,
a
Japanese Industrial Activity
In Manchuria.
Coitoa.
HONGKONG SHARE REPORT
6-SELLERS; SA-SALES; B.—BUTERS; N-NOMINAL..
OFFICIAL PRICES.
BANKS.
$8$>
H. K. & S. Banks S,
MARINE INSURANCES. Cantous
North Chinas D. Unions
照
$342
t. 150
.
$560
Yangtszes b. ex 73 $190
FIRE INSURANCES. China Fires H.K. Fires
Douglases Steamboats Indos (Def.) Indos (Pref.) Shells Ferries
BANKS.
BANK OF CANTON,
LIMI ED
HEAD OFFICE, HONGKONG`
FOREIGN EXCHANGE and General Banking Business Transacted.
INTEREST ON FIXED DEPOSITS
For 6 Months 4% per ani um.
For 12 Months 41% per annum LOOK POON SHAN;
Chief Manager,
b
The
$143 $325
For 3 Months 3%
per
anaum,
SHIPPING.
$85
$17
sa. $101
& 102
3.
$10
Д.
IL
118/-
$29
REFINERIES.
a. &ea. $10) b.
$20
MINING
b.
04-
b
t. 16
Raubs Tronchs Urais
A.
$2,45
b.
D.
25/6. $2
11
DOCKS, WHARVES, GODOWNS, &C.
Sugars Malabons
Kailans Langkats
Kowloon Docks b S'hai Docks 2.
K'loon Lands S'hai Lands West Points
The recent jump in exchange has naturally curtailed business in Shanghai and the week ended June 15 has been a quiet one. The quality of the new crop is excellent, but the export not expected to be larger than last year, although the actual crop is
In the Shanghai cotton market probably bigger, but any surplus The Shaughal Markets. Shanghai June 15.-There has is absorbed by increaeing native
there was considerable excitement beea plenty of liveliness in the consumption which is enorocus.
during the week ended Jane 15, H. K. Wharves 8- & ss. Shanghai Markets during the Japan reports an excited market,
and prices have been going up week, cepecially in regard to piece due probably to expectation of
every day. Tas actail bona fide roda. There has been sufficient 10 per cent. daty on. raw silk
business done, however, has not
LANDS, HOTELS sure for this. Although the watering Americs. The first crop
been of importance, bat specals-
AND BUILDINGS. tors have been operating freely. political situation in China re-ta said to be “a small one, oxing
Centrals Japanese firms, io the expressive H. K. Hotels maina obecare, there is a general to cold weather. The Shenghai
langarge of one authority, were Land Invest. b. that things will market is firm and most Jane or impression
"locking skyward for prices."H'phreys Est. straighten themselves out without Jaly deliveries have been booked:
The Government General of The Osaka Sampia market has any serious trouble occurring and
gone up to Y 268 and some oper- A Shanghai report dated Jane Kwantung and the authorities of this has to some extent tended to
Also 15 says:Ibe Hankow market is the Maacharia Railway Company atora seemed to think that the improve the general tone. Mere
hss
been locally an very quiet. Russian bayers are are taking steps to develop in local rates could be put up to the this all marking time, owing to the dustries in the railway zone, and same level. It is reported that Abundant rainfall and as been participated in at least uncertain conditions prevailing in especially in sad about Dairen. the J panese have bought between Ar-Rassis. Telegrams do not arrive They have been making in 29,000 and 30,000 bale. Alikel other strengthening factor in the at all in many cases, and, whes vestigations with special refernce épinnings are selling at better piece-goods market has been the they do, are a week to a fortnight to the macufacture of oil from prices. Shanghai Cotton is quoted. at Tia 35,80; 8heasi Tis. 37.50 to
Borneos knowledge that suppline are far late. The six principal Russian Manchurian beads and of soda!
om plentiful; that certain anp buyers have settled between them from Kwantong salt, as well as Tia. 28 and Shanghai gio at Tha.
China Light & P.n. alles which would have come about 100,000 14 chests, against the zine and iron refining in 36. The Liverpool quotation on
Providents forward will be, owing to the double that quantity at the same dustries. With regard to the iron Jane 13 received by Mesura. Tats" Dairy Farms
American industry, the Manchuria Railway B.01, was 15.94 Jaly and 14.83 Green Islands Haltung (or misfortune) of war, time iset
unavailable and a remarkable buyers have bought a small Company hasalready acquired the October. Their Liverpool tele-H. K. Electrics
right of exploiting a Chinese enlative buying movement quality of
price, bigh ich has led to innumerable bit
exchange mine, and it is expected that gram on the 14th stated that the H.K. Ice Co the surmises. In addition to this, the and high freights make business operations will be started before gent at New Orleans was of Ropes
opinion that conditions justified Diagon Festival, an important extremely difficult. Teas coating the end of the year. It is now the conclusion that the crop at native mottling day, will be held Taels 10 less than similar tesa în reported that the authorities have beat will be a small one, possibly Trams, Peak, new n
At each 1916 are nevertheless some 4/5: nearly completed arrangements of disaster size.
were dearer in laid down cost. Native for under taking the soda industry.
in the riverine districts.
in the coming week.
tea
for
W3.8
in
is
Kaieba
מס
Ewos
Kung Yiks S'hai Cottons" b.
Yangtszepoos b.
MISCELLANEOUS.
$74 $116 t. 92
BANQUE INDUSTRIELLE
DE CHINE.
Capital (Paid up...Francs 45,000,000
Presid-at
André Berthelot General Manager J. Pernotte.
HEAD OFFICE:
74 Rue Saint Lazare. PARIS BRANCHES in PEKING. SHANGHAI, TIENTSIN and HONGKONG.
BANKERS.
ID FRANCE: Société Générale pour favoriser le Développement du Com- mores et de l'Industrie en France. Is LONDON: London County & West-
minster Bank, Ltd. In ITALY: Banca CommercialsIțaliana.
Telegraphic Address: CHIBANKIND.
Interest & Lowed on Current Accounts and Fixed Deposits, Terms on application. Every description of Banking and exchange business transacted.
M. ROUET DE JOURNEL,
Manager.
HONGKONG BRANCH: 5. Queen's Building.
Tel. No. 2952 Hongkong, 14th May, 1917.
NOTICES.
BANKS
HONGKONG & SHANGHAI BAL BANKING CORPORA TION Paid-up Capital -------- $15,000,000 RESERVE FUNDS.
Sterling
£1,500,000 € 9.
*$15,000,000
Silver $18,500,000
#39 530.07
Reserve Liability of
*Proprietor [$15,000,000
COURT OF DIRECTORS.
Heu. Mr. H. Todwell -r hairma".
J. A. Fleaner, Raq. Deputy Chairm Het. Mr. C. E. Auta," G-J. M. Bilica, lot.. C.). Gubbay. En Hog. Mr. P., Edynak,
D. Parr. Esa. W. L Fattenden, Fagan 1. Compton £2
CRUKY MAXAANK
Bongsong-N, J, Suhh. Xaq,
MANAGER
Sumzghaima, G-Suplen, Baq. Louder Bankers London Gouty and
Westminster, Limited,
HoogkongIterest Allowed
Os Current Accounts at the pareʻpt å per caNA
sroom on tha daily balanCA
For
... ON FILID DEPOSITE monika,"24 per Çeki, par saDEK,
For foncha, ceas, per annum. For a months, 4 per cent per amestu,.
N. J. STARE
Chief ManageŇ
HONGKONG SAVINGS BANE
THE Business of the above Bant & condocard the HONGKONG AWP SHANGHAI BANKING FORPORATION, Rules may be obtained on application),
b
INTEREST on deposits is allowed on the moni
monthly balaocca at 4 per cest per annes Depoutes may for, at their option, talveg al shoo or more jo the Hongkong and Shangh Fank to be placed va PAID DEPOSIT mi á Crit. per saturs,
حمة
For the Honglong and fidanghai Danking Corpora
N. J. STABB. -
Chief Manageri
THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.
Incorporated by Royal Charter Wys,
PEAD OFFICE-LONDON
PAID-UP CAPITAL£3,000.008. REFERVE FUND.
RESERVE LIABILITY OF
FROPRIETORS
FOREIGN EXCHANGE Rad General Berand
business tracþað. CTPEST ACCOUNTS opened and FXTR DEPUITS eived for 1 year or shorter perioda, rates which will be quoted on application,
T. C. FOWNING,
Manager Hongkong, 11th April, 1912.
THE MERCANTILE PANK OF INDIA LIMITED.
S.
ย.
$97 -$97 $98
Bi
$6,80
S.
$38
1.
1.
t. 80 $74
COTTON MILLS.
2. t. 15734
b.
t. 14,50
t. 121
t. $.50
1.
1.
$7 $4,50 $7.70%
IL, ea.
b.
$23. 87,40 $48
$ 151
$27
Steel Foundries n Trams, Low Level b. & sa. 86,40
89.10 Trams, Peak, old n.
CLE. 90
$10
10 MIN.
18 MIN.
LE MIN
b. &a. $8,40
30 Ma
· 1.16 P.M. 10
LAS 23,
16 MIN.
Bombay
$13
LIST.M.
10 MIX
Calclica
b.
S.
£6 $5,50 $29
U MIN.
Colombo
10
Debi
Galle
Laundries
U. Waterboats 11. Watsons Wm. Powells Morning Posts 2.
CORRECTED TO NOOR WEDNESDAY JUNE 27, 1917, BENJAMIN & POTTS, Share and General Brokers,
Princes Building..
Tel. address: Broker.
EXCHANGE.
SELLING.
T/T
30 d/8..........en uns
2/14- 2/6 546 2/6 7/16
80.d/s. ********
4 m/s............. TIT Shanghai..
2/6 9/16
21658
Nom
1074
T/T Japan.......
11774
T/T India. .............. Demand, India
Nom.
Nom.
60
TT Singapore
of the anctions prices better than rm.
At Eno teamen are naturally alarmed at What shape the project will The Question of Freight Space. It is roughly estimated that the prices were up and there was a the adverse conditions and the sesame is not yet definitely known; biter feeling all round. This resolt will be a much smaller crop but it is said that it will be export cargoes waiting shipment was partly due to speculative than last season, which in ita turn undertaken by the Dai Nippon in Kobe, Osaka, Yokoheme, and On the basires, and partly 10 the im- was 300,000 chests less than Engyo Kaisha, which has the else bere in Japan row amoagt
inence of the Dragon Festival. 1915 (the record year of 1,000.000 sole right of importing Kwan to about 370,000 tona. There is very little indent bari. chests): last season the Han-, targ salt into Japan proper, afternoon of the 8th instant the with the financial assistance of Minister sad Vice-Minister of nem doing, owing to high prices kow districts first crop and exchange.
At Kangping 410,000 chests; and Kinking the Manchuris Ruilway Company. Communications, and other high excellent prices were realised for tear 200.000 chests, it Messrs. Sazaki and Co., and the officiala of the Department, held a comparatively small <fferinge, anticipated that this season sup- Miteni Bassan Kaisha, while conference with the Presidents of 8 the Nippon Yusen Kaisha and öf The improvement was general, plies of Hankow cens will be another report has it that
the Toyo Kisen Firm inquiries came from Ran- 300,000 cbeats, and Kinkiang separate jat-stock company,
and Ningpo. "It has to be as 160.000 chests, a total of with a capital of Y.0,000,000 ways and means of clacing off noted, however, that moet of the 460,000 abesta sgast 610,000 will be established for the this congestion of cargo. It It is understood, is understood that at the con- Eritem were not due to really chesta last year. The market purpose.
genuine business, tot due for Oafas (which constitute about however, that the authorities ference the presidents of the
communication
Demand with eteamship companies submitted speculative buying 'owing one-tbird of the Hankow district are the belief that se soon teas) has not yet been opened. Mesere. Suzuki and Co. and their views regarding the situs- matters in Peking improve The natives are relying on the other capitalists interested, and tion, with the reenit that the prices will go bigber, and that redaoed supplies to obtain fall the project will materialiss before council came to the conclusion they will soar still higher as, at prices, so they feel confident that long. The proposed enterprise that the difficulty is chiefy s the present price of cotton, there the small crop will be needed will have the immense advantage matter of freight. It was then de a very poor prospect of existing later if not now, and they are over similar undertaking in arranged that the steamship.com. applies being replaced from holding firmly. Should they Japan proper of getting supplies panies concerned should submit Home. It was at the Yueafong meet buyers' idear, the small of Kwantung salt at less thans freight tariff to the Department/ San Francis- co & New York auction that the bullish tendency stock would probably be die 20 sen per 100 kin as against 63 of Communications, on the busie
With this of which the authorities would T/T Java.............. 14434 Nom. was most strongly displayed. The posed of in a few boara Ow sen paid at home.
of material enter into negotiations with ship-TT Marke........... supply, nene at the auction was a beal into prohibition, no purchases cheap
3.4614 thet hoped
the pere. On this arrangement being T/T France............ ely unprecedented and quite have been made for United King-it
Demand, Paris...... 3.47 abla decided upon, the conference `ad- Merchante here, unlike new enterprise will ba boggare description. On other dom.
BUYING. occasions there has been excite their confreres in England, have to cepete successfully with journed. ment, but nothing approaching accepted the situation gracefully what was seen on Thursday, and wishing to in no way embar- Brokers were bidding who sp-rass or worry the Home Govern- parently had caris blanche, and ment, have made no effort to Shanghai and she local dependen- bring pressure in China to get ties were buying freely. Blacks this drastic order rescinded, but were sought by the north, by latest telegrame advise that even Changsha and by Tiukiang. shipments of China tes bought There was baying by representa before the date of prohibition end tives of Chinese piece goods shipped after that date in compli Shouses owing to the extreme ance as far as possible with
shortpras
Prices all Government conditions are held вр indefinite- naturally soared, and me lines being
re up from ous to two islesly in London, pending the more, and greye were up Government's decision, a delay yen mace. Not a single shop which is dislocating finance and lower, and hardly any-causing shaolutely unnecessary WEB less than and unjust hardship to loyal Ling cffered wo mice higher in price: The shippers! Green Tes, Shangbai. Adding was so unprecedently-A few Masters of Hoochow and ilk that various suppositions: Wenchow Hysons and Chunmess ere put forward. Of course, the were placed on this market about eth that cotton is standing at a week ago and a small business 1955 and is likely to go higher has been done for Central Asis at it effect. This caused all tael prices slightly lower than laat. endly arrangements, to go by year's opening figure. The op board, and it was ease of quality is good. and the orop pro- bayer for himself. But in mises to be fine in sympathy with quarters the belief was held | Blacks.-Market is quiet and very Japanose agents were largely little doing at present.
of stocks.
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 Colony.
H. RUTTONJEE
& SON.
16, Queen's Road Central,
4 m/s. LIC......... 2/734
4 m/s. D/P....
6 m/s. L/C
30 d/s. Sydney &1 Meibonme.....
2/744 2/734 2,736
30 d/s. Ban Frane-
isco &New York)
611⁄4
Nom 3.5914
4 m/s. Marks
4 m/s. Francs ..........
6 mfa. Francs ....... 3.6434 Demand, Germany. Demand, New York 6'1% TT Bombay Demand, Bombay... Nom. T/T Calcutta......... Demand, Calcutta... Nom.
120 Demand, Manila Demand, Singapore. 1074 On Haiphong
4% prem On Saigon...nak İsa 334% prem. On Bangkok......... GL Sovereign
7.85 Nom. Gold Leaf, per oz.... 45.40 Bar Silver, per oz.... 3554
SUBSIDIARY COINS.
DISCOUNT PER $100: Chinese...20 cts. pieces 4.4 %dis.
hinese...10
4.14%dis. Hongkong 20 cts. pieces à par. Hongkong 10
11
NOTICE.
PEAK TRAMWAY CO.
LIMITED.
TIME TABLE.
1.00 LL Co 5.00 4.3 Do
11.30 K to
1. to LIGT to $.00 .. 10
6.00 LX EVERY 16 MIX
10:00 AM 11.00 AM 1945.
1.16 1.
6.00 2.34.
XIGHT CARS.
250ral and rx. 9 to
11.00 .. every balf Lour
11.00 v.. to 1165 v.3. Cerary quarter of an hour, BUNDAYE
1.00 AN 1.MAX. 28.30 AM. T 13.4.X. TO 18.00 Moon LO 100 o
1:30
14.30 Ax JLARI A M. 19.00 Soon 100 2.3. $80 P..
10
6.007..
$.30 P.3
LAZA, KO
1.00 F..
4.80, to
Evay 5 MIN
JO MIN.
K MIR
10 MIK.
Je Mr.
NIGHT CAK8 as on Week Daya
SATURDAYS.
Extra Car at Midnight
SPECIAL CARS.
By Arrangement at the Company's Offics, Alexandra Enildings,
De Voeux Book
*Bessor and punch tickets available for a mis nog already fali, running as lis timid in the Company's time tablew, but not forkswetal BATE; OLE be obtained on application at this Compar's Office --Nu beukon ticket will Jased cuti pasmen: therefor has been rado in Bank Notes or by Chiasse a_of Compitaduro
eder zupcanesting Bach Notes,
JOHN D. HUMPHREYS & CO. »
THE CHINA PROVIDENT LOAN AND MORTGAGE
CO., LTD. (Capital Paid up...81 250,000.)'
Loans on Morgags of Hour Property, ka Goode received an StarRICO, Advances made ou Merchandise. Los made an tha Provider System.
TRUSTE, EXECUTOR OF WILLS. ATTORNEY, de Undertaken and Erecutad (Baken and Pretiesiams on application)
To the Office of SHEWAN, TOMES & CO.
General Managerk
MARTIN'S
APIOL &STEEL
PILLS Se & Latina 5 Kate & ho
· Hamady for ali živecuLAPTEINE. farmerkely to son nowan, mutuskan the Krak ags_of_any_Isteerisens of the hymam, A Lindy Love say be admínlatarak, Thon WEST Tommand kham, ketan, Uwirenas. SROCK FRÍL All Custa leta szód Merki and them
MARTIN'S
Head Office 15, Gracechurch
Street, London.
Authorized Capital£1,500.0c& Subscribed
Paid Up
Reserve Fund
M
+1
BANKERA
1,175,000 50
600.000
The Eark of Bagiand. The London Jom Stock, Lait se BRANCHES 5-
Hongkong
Howish
Kandy
Port Let Maurities,)
Karachi
Kota Bhar
Keula Long Madras Pening
Rangoon
+ banghal
Eingapore
HONGKONG BRANCH,
Every description of Eanking and Fuckmgt business transacted
Interest allowed on Corrent ScrDunis Sty per eve per assuo co Daily Balacers, and on Farad Depolis it rates which may be ascertained on applicatio
C. CHAMPKIN, A
Acting Manager,
INTERNATIONAL BANKING
CORPORATION; *.
HEAD OFFICE:
55 Wall-St New Yorke,
LONDON OFFICE": 36. Babopagate, IC CAPITAL & SURPLUS VE: 16,500,000 UNDIVIDED PROFITSY US{$1,010,005
BOMBAY
CALCUTTA CANTON CEBU. COLOX
BANKOW
US$7,510,000
BRANCHEF:-
XOBE LONDON
BANTO DOMONEO SHANGHA).
MANILA BINGAPORE MEDELLIN TIENTSIN PAKAMA YOKOHAMA
PF KING,
ROYGKONG SAN FRANCISCO
Through its close off listion with The Fatfoam City Bank of New York, the Bank is able to th Services of the Branches of that Institution in Caba South America, and elsewhere,
BAHIA, BUENOS AIRES, GENU MONTEVIDEO, RIG DE SANTIAGO DE CUBA. FASTOS FAULO, PETROGRAD VALPARAISO,
BAYANA JANEIFOS
3A0
All kinds of FOREIGN & LOCAL BANKING BUSINESS canected.
CURRENT ACCOUNTS opesad and ZIXED DEPOSITS received at rases to be ascertained es application.
CEORGE BOGG.
Hongkong, 26th September, 1916
THE
YOKOHAMA SPECIE BANK
LIMTED.
Established 1880.
Authorised Capital Yen(48,000.000
Paid-up Capital.....
Reserve Fund.....
30,000,000
21,300,000
Head Office.-YCKOHAMA
Branches Anteng-faden Hombey Calcula Changchan
Dairea Pongitan
Harkon
Honoint Hobe Ideo-Tetic
Lyon
Londos
Log Angelos
Tainglas
Cand you! Agencies
iwobwang
How Tork
Caka
Peking
kyojen (Fort
Ebangba
Токта
Interest allowed an Current Accounts,
received for Sized periošla at rates tó beva posla
|sa application,
OU
THE ALEXANDRA ̈ CAFE. Cannot be Beaten, if Equalled for Bread, Cakes, Confectionery and meals with Wines & Liquers.Hongkrog, 12th Mareb, 1917.
FISHI ONO, Manager,