THE HONGKONG TELEGRAPH, WEDNESDAY, OCTOBER 17, 1917.
COMMERCIAL
Chinese" Calton, ⠀
NEWS.
Silver Prices.
HONGKONG SHARE REPORT.
„5-SELLERS; BA-BALES; B-BUYERS; N-NOMINAL
OFFICIAL PRICES. BANKS.
BANKS.
BANK OF CANTON,
LIMITED
HEAD OFFICE, HONGKONG
FOREIGN EXCHANGE and General Banking Business fransacted
BANKS
HONGKONG BHANGRAI
BANKING CORPORA
TION, Paid-up Capital$15,004,694 RESERVE FUNDS.
Sterling
£1,300,000 at"21-..
*** $13,000,000. Silver $18,500,000
Reserve. Lisbility of
Proprietore.................
$93 500,00€
$15,000,00 COURT OF DIRECTORS.
Hoo, Mr. S., Dodvali.-Chairment. Hon. Mr.Z. Beyes-Depste Chatrali « Hea Nr. C. E. Anton, F. C. Botcher, Jeg G. T.K. Adkin. Hot
Gabbey, 189- E. V. D. Parr, Eag, W. Paitendes.
Compton.
CUL STAKLONA Hongkong. Jo Esabk, Bini”
MAXACEK
Bhanghai-. 6. Beophan, Zog London Barkers-London County Ans
Westminer Bank, Linded
Hongkong-muress Allowed i
O Cerreal Accounts at the case of 3 per cent per
the daily balance.
$670.
MARINE INSURANCES.
$500
1.
t. 110 $800 b. ex 73: $201
b SHIPPING.
#131 $510
b.
INTEREST ON FIXED !! DEPOSITS:
For 3 Months 3% per annum.
For 6 Months 4% per annum.
A.
b.
$78 $17,50 $110
For 12 Months 41% per annum
Па
I.
107/6 $29
LOOK POON SHAN;
Chief Manager.
REFINERIES,
$85
$29
MINING
40/m
b.
t. 14
$2.50
D.
28/
11.
30/
n.
281-
British Trade.
but it in 1 (so-clear that many pro- | gramms of 600,000 tons for next Dated October 3, the weekly |parties hara only one coolie for year, which will require about According to the sanual siste ment of the trade of the United potton market report of Mears. J. three or more soree. A study of a 200,000 tons of steel Whatever Kingdom with foreign entries Spunt and Co. states-We have number of Borneo companies sur-may be the needs of the and British Possensions, the nothing freeh to repor: sises our prime the 7. B. Journal that Allies in suipe, it is believed Imports and exports totalled last circular business being of a labour in so sbundent on most there that the amount needed hand to mouth nature, though properties. There is at least one can be easily spared. It has also 31,652,253,377 in 1916, se com- pared with £1,335,823.070 in the dreline in silver has stiffened coolie for every 2.7 aeres, and on been suggested that instead of H. K. & S. Banks sa. 1915, and £1 222,830,836 in 1914. prices to a certain extent, prices many properties there is approxi-attempting to import steel part, The imports fast year amounted being nominally about Tls. 0.50 mately one coolie for every acrer. which are only semi-refined goods, Cantons b to £948,506,492, made up as higher then last week. Both Nearly the whole of the labour it might be better to impart pig North Chinas b.
rubber plan-iron and produce the required Unions follow: From foreign conatries, buyers and sellers are conspicuous mployed on
645,833,849; from British Pos- their absence pending de-ations is indentured. Chinese material in Japan, in order to Yangtszes
FIRE INSURANCES.. Bessions, £302,872.650, a com-velopments in yarn circles, News and Japanese are in great evid eupply the deficit. Hitherto Japan pared with a total of £251.893,350 from the flooded district does not ence, and appear to work fairly has taken her pig iron from Great China Fires in 1915 and £698,635,113 in tend towards creating any on well together, even when mixed Britain, India and China, until H. K. Fires 1914. Erports aggregated £603, fideace in any large demand for with other racer. E tates which the prohibition of export by Greut $45,895 (of which £200,703,444 yarn from the interior, while it have been experimenting with Britain and Indir, and now ha
Black only China to rely on for her steamboats
Douglases went to our Colopies), se against Rote without saying that good Izal se a remedy for
supply. But the prevent scope of Indos (Del.) £183,820,629 the previcas rear quantity of harvested and cog Thread" or "Stripey Osaker harvested cotton must have suffer-report very well on the resulte;. 1914. and $526,195,523 in
the industry in Chins, will not fados (Pref.) and
Loured from the unwelcome visitation.
"mest the demand of Japsó. It is re- | Shells Imported grain
The situation on the whole cannot laat £133,253,132, an increase on be said to be favourable, and A the previous year of nestly while slight spurts in the cotton market may take place from time, £21,000,000, while meat repre the general tendency will doubt Bented £94 050,999, exceeding less be on the easy side, more the 1915 figures by closa on #8 000.000. It was explained especially when taking into cons
goods deration the absenos of demand imported include all articles of from Japan and a good crop just food, but do not include other being harvested in this neighbour. goods which at the time of bood. Tone of the market steady. Importation were the property of the Imperial Government or the Governments of the Allies, while the accounts of goode exported inclade goods bought in the United Kingdom by or on behalf of the Governments of the Allies, bat do not include goods taken from British Government stores or depote, or goods bought by bis Majesty's Government and shipped on Government vessele.
Joer Was
valued.
that the accounts of
at
Yokohama Specie Bank's'
Successful Term
purchaus
**
DOCKS, WHARVES,
A New York report of August ported that a move has been made Ferries 25 eye-In Civil War days and to increase the pig iron output of up to the demonetisation of alver China by 280,000 tons next year. Sugars io 1873, silver bullion was selling but this project cannot be relied Malabons at $1.2929 an ounce. The next on. In 1918 be demand for steel high record was made in 1890 materiala in Japan will be some
Kailans with a high fractionally above thing like 1,113,000 tons, of which 81.21. This was due to extension 400,000 tons can be applied by Raubs
Langkats the the steel foundries of Japan. Of Tronohs of silver legislation by Sherman Law which provided the remaining 713.000 tone, our- Urais for
of 4,500,000 half may be obtained from scrap Oriental Cons. ounces monthly at the market iron and the other half has to be prios, provided that the price ottained from pig iron. Japan "GODOWNS, &C. The 75th report of the Yoko did not exceed $1.8929. To needs about 716,000 tons for the H. K. Wharves b. hams Specie Bank, Ltd., for the pay for the silver so purchased as manufacture of steel and other Kowloon Docks b. half-year ended Jone 30, was ice of tremory sotesrede wable aree, of which 300,000 tone are Shai Docks
sued from the bead cffice, in coin was authorised. American produced in Mancharis snd Tokobama, on September 10. It purchases, however, were unable Kores, and 40,000 tons may AND BUILDINGS. shows that the gross profits for to hold up the price of silver, to imported from Chins. The Centrais the past half-year, including Ten which steadily declined. The net ehortage, therefore, in 378,500 H.K. Hotels 1,719,856.32 brought forward climax was the closing of the tone, which will no doubt be te Land lovest. from last account, amount to Indien mints to free coinage and minimam request Japan will Hiphreys Est. Yen 39,332,816.08, from which repeal of the silver parehase sot, make of the United States. It is Kicon Lands the sam of Yen 34,885,858.27 both in 1898. The price dropped said that the production of pig Shai Lands has been deducted for in-in a few days from 82 to 62 iran in the United States in West Points terests, tazer, current expenses, cents. It factuated around the 40,000,000 tone, which makes Reclamations rebate on bills current, bad latter figure most of the follow Japan's requirements less than COTTON MILLS. and doubtfel debts, bonae for ing 20 years. Babeequently 10 per osst. La considering the Ewos officers and clerks, sto;, leaving a to the outbreak of the European possibilities of steel manufacture, Kung Yiks balance of Y4,046,757 81 for War it went to a low of 44 cent, the case of serep iron must not Shai Cottons appropriation. The directore pro- It is not likely that the United be overlooked. The consumption Yangtszepoos pose that Y.800,000 be added to States Government is showing in the United States of scrap iron Orientals the reserve fund, and recommend any profit on its silver board at in the manufacture of steel is
Coke in Queensland,
An industry which is likely to attsia large proportions in Queens land was been given an impetus, when a consignment of 80 tons of coke
Japan's Steel Requirements.
However successful may be the mission of Viscount Labii in obtaining an allowance of United Slater steel for the industries of
country
BANQUE INDUSTRIELLE
DE CHINE
行銀菜實法中
Capital (Paid up)...France 45,000,000 (1/3 of the Capital subscribed by the
Government of the Chinese Republic.)
Chairman of the
Board of Directors Andre Berthelot. General Manaker A. J. Pernotte,
HEAD OFFICE:
74 Rue Saint Latare, PARIS BRANCHES: PEKING BHANGHAL, TIENTSIN HONGKONG, and SAIGON. BANKERS.
In FRANCE: Société Générale paar
favoriser le Développement du Com merce et de l'Industria en France.
La LONDON: London County & West-
minster Bank, Ltd.
In NEW YORK: Redmond à Ca.
<
In ITALY: Bansa Commerciale Iisliana, Telegraphic Address: CHIBANKIND.
Interest sllowed on Current Accounta and Fixed Deposita, Terma on application. Every description of Banking and Exchange business transacted.
M. BOUET DE JOURNEL, Manager."
HONGKONG BRANCH: Queen's Ballding, 1 *Tel. No. 2952
5. Chatre Road. Hongkong, 20th August, 1917.
$86
€120
Да
1. 72
LANDS, HOTELS
b.
-$89
b.
$90
D.
$88
b.
$5.75
D.
n.
$$0 t. 74 $85.
Da
$115
b.
t:160
b. &
1.-15
b. "
114
b.
t. 594
b.
t. 941
MISCELLANEOUS.
n.
$61
84.10
6.
$714
b. z. d.
$23
b.
$7,35
b.
11.
$48 8149
1
b;
$50
$10
$6.20
$84.
1.30 A 30
cta, 90
4.30 AM 30,000 AN
b.
器
11.30 340
·
LLY.
1.JBP.M
$13
LAS P.M.
b.
$5.50
RIER.M.
8.
$6,50
#29
CORRECTED TO NOON WEDNESDAY
OCTOBER 17, 1817,
Coal Shortage in Japan. Industrial workers in Ossks, Nagoys, Kioto and other cities are naziona to restrict the increase in the factory cost attendant on the heavy advance in coal and will urge the Government to in terfere with the dealings in the coal trade. Some time ago some of them tried to indues the Gov a dividend at the rate of 12 per present price of 88 cente, as it said to to 20,000,000 tons, Borneos erament to proclaim a ban on the cent, per annum, which will bought all the way down from which shows how much ad- China Light & P.b. export of coal in hope of than absorb Y1,920,000. The balance, $L21 to 82 cents, and the vantage that country bas been Providents being able to restrict the earring 2,226,757.81, will be carried average is likely to be more than deriving from this more or less Dairy Farms tendency in prices, but the Gor forward to the credit of next 90 cents. In coining subsidiary waste iron. However, the large Green Islands ernment at first failed to comply") account.
coin, however, there is still a scaled use of iron materials in H. K. Electrica with their request, having a differ-
profit on 90 cent silver equal to that country allows that quantity, H.K. Ice Co., approximately 50 per cent on of consumption and more. The eat opinion of the cause for the
Ropes abnormal increase in the price of
American coin and still more on yearly amount of materiale that heel Foundries D. oost. Since then the pressure
English and French coir.
Trams, Low Level sa. are placed in the category of Trams, Peak, olds. brought to bear on industrial mer,
scrap iron are large, so that they Trams, Peak, new x especially gas men, by the dear
Wan shipped from the
come up to an enormous smonat, Laundries nese of coal has been enhanced. Cloncurry district, says Brisbane
since they scoumalate until iron U. Waterboats Gee plants in many small towns paper. In a statement the Com:
prices soar to a great height. If, Watsons have been compelled to shut missioner for Railways pointed
therefore, Japan can get the Wm. Powells down, baving failed to tackle the oat that up to the present time difficulty. Some of them are now the whole of the mining coke Japan, the fact remains that the United States to cancel the ban Morning Posts n. in liquidation, having disposed supplies for North Queensland, over the fature supply of material mest her needs, supplementing is seriously perturbed on sorap'iron, she can manage to of equipment, says the Japan which now amount to approxim- for the numberless shipbuilding that supply to her suck of pig Advertiser. The Federation of ately 60,000 tons per annum, and other industries requiring iron. It is believed that the the Kwansai Chambers of Com- Lave been obtained outside the steel that have sprang up in the point at which the present merce having studied the problem State, and this while we have in in compliance with the request Queensland coking coal which is country which will require large negotiation will end, may be in of industrial men has now decid-qual to any in Australia. The supplies if they are to be run the permission of shipping ecrap at fall capecity in the future. Èt|iran through the lifting of the ed to present the case to the Cloncurry district coke aup- Government and request them to plise, it is hoped, will be large small part of the fols! anonal
is hoped, in any case, to obtain a embargo on it. stop the consumption of home pro-ly provided at North Ipswich; production of the United States, daced coal at Government works, and if so a sum of approximately after
provision hea been to stop the sals of Fashun col 675,000 per annam will be re-made for the shipbuilding pleas Abroad or restrict the export of ained in Queensland. It is er of that country this year and next. As an so illustration of how ool. In explaining how the pected that this will be done, as The plan for this year is to cone things are emuggled, or altemp!- 80 dé................... 2/878. body has been induced to anggest several firms have entered into an
4 m/s......... shia lest slternative, the statement agreement with ome of the mic-tract 1,500,000 tone, whereas the ed to be smuggled, scross the the body will present to the ing companies towards that ead. anal output of steel is 3,070,000 Datch frontier into Germany, the T/T Shanghai. Government says that it is true The matter of shipping the coke tona. The plan for next year is for Tyd reistes that the baggage of T/T Singapore
4,000,000 tons, of which it may an infantry detachment proceed- T/T Japan that the coal produced at some from Bristane to Towneville was be surmised that the constraction log from Nymexen to Gro abeek districts in Japan is especially one which presented several programme will require, as one proved, on examination suitable for export and it is very difficulties, and as a matter of third of the steel produced. This Castoms ⚫fficiale, to hard on its producers to restrict fact, it was found that sccommode- brings the demand this year to cheats filled with chocolate and T/T JEVE. its als oversess, but it is a neces- tion could not be provided by any 500,000 tear, and 1,320,000 tons cap to the value of about £200. T/T Marks... Nom. sity for Japan to increase the of the shipping companies for a
next year. What Jarac ante is The soldiers guilty were immedi TT Francs. 369 supply at home through the de- regular trafic to the north. As a
tą mert the needs of her pro a'ely arrested. cresas of exports. If Foshan coal result, the Government chartered
Demand, Paris...... 3.6944 is to be called up for homes steamer to carry on the trade,
BUYING. consumption, as suggested by and this bost will run regularly the body, it may be tried to between Brisbane and Townerille
Smuggling fato Holland,
br
contain
fill up the gap created with with coke sapplies for the mining A HISTORICAL PORT
the greater export of home centres, coal for the railway
produced coal. Therefore, with
department and any other trafic which may be off ring.
The Rubber Market.
A magion of the Double Diamond, David to drink the health of Mr. Linkinwater:
Charles Dickens "NICHOLAR NICHLERÝ®
DOUBLE
Established 1715.
DIXON'S
DIAMOND
PORT
This Brand has been shipped without intermusISION for the last 100 years, and is the property of
out the last measure adopted the former two will also lose their usefulness. The only thing to Londor, August 29.-Mecerr. be noted in enforcing thịs van on | Banderson and Co., în their ze- coal is, asys the statement, that port, state that, more resistance the supply of Japanese coal over- has been shown by holders, and eess is mostly "utilised by the the market for plantation bas shipping of the Allied nations been firmer, whilst forward poei and their needs must be carefully tione bave kept very steady. considered. The use of the ban | Rubber has come in fairly freely, may be mitigated then, but and a good business bas berat something is better than nothing. put through from day to day. It The ban will, it is beliered, be is expected, however, that arrivale effective all the'anme. As another | during September will be vary beneficial effect of the ban on coul | short, which naturally eff ote the the statement" points ont "that forward position. Landings for much space may be saved if the week ending August 18 were 819 estrying of cost is stopped with tons; deliveries, 883 tons; stock. CAN BE HAD FROM ALL WINE AND SPIRIT MERCHANTS the remalt that the freight market | 13,374 tour; against 7,823 tons in may be made to rea in the 1916. There has always been, a normal groove again and help in feeling that, in Borneo, inbour the lowering of the cost of living. | wat by no means abundant; · I» Bince the shore developments the Malays the proosary number. -- ban hun buen put into operation. of coolien should be ons 2) acres,
... MORGAN BROTHERS, London &Oportu.
SOLE AGENTS:
‛," ! 4
H. RUTTONJEE & SON,
'16, Queen's Road.
BENJAMIN & POTTS,
Share and General Brokers,
Princes Building.
Tel, address: Broker.
TIT.....
EXCHANGE.
SELLING.
**** 2/8 Demand............ 2184 39 d/s 2/814 2/812
Nom.
11314 12314
CART
Nom,
Nom.
169 6314
India Demand, India T/T San Francis-
co & New York/
4 m/s. Lj............ 2/9/6
4 m/s. D/P............ 2/914 6 m/s. L/C...com 2,912 2,912
30 d/e. Sydney &) Melbourne...osu!
30 d/s. Ban Franc-
isco&New YorkЛ
4 m/s. Marks
Nom.
4 min. Francs...... 3.84 &'miz. Francs .............. 3.29 Demand, Germany.. — EIN Demand, New York. 63% TIT Bombay turin Demand, Bombay... Nom TT Calcutta
Demand, Calcutta... Nom. Demand, Manila... 127 Demand, Singapore. 11314 On Haiphong. 4347% premTA.
On Baigon ...........4% crem. On Bangkok... 5794 Sovereign
2.40, Nom
Gold Leaf, par.cz.... 45.80
Bar Bilver, der oz... 433
SUBSIDIARY COINS.
DISCOUNT PER $100: Chinese... 20 cta, pieces 1}{%día. Chinese: 10. - /
Hongkong 20 ota, pleona, 16%prem. Hongkong 10
NOTICES.
NOTICE.
PEAK TRAMWAY CO.
LIMITED."
TIME TABLE.
18.00 .30
LAD
11.00 A
1,009.M
HIGHT CAUR KIDZA and 9 pa 1.30 14
1500 136, otary half hour.
11.00 1.3 to 12. P.. viary quarter of an hour, БОКРАТЯ
MAX. 1840 Noon
18.
IX MIX.
10 MIX
32:30 AM SICO AM
EVERY KIX.
10 Max
10 1
10 Ma
8.00 7.
6.30 2.3L
BUGPJ
HER OF CARE'âs or Wook Daya!
SATURDAYË:
xes Chat Mitzight.
PUCIAL CAES
37 Arrangement at the Company's Ofios.
Bexandes Balldings.
Des Voeux Road.
*
Dot be the Company » trase tables, bus pot for special GREK DAD: beovianed on applestiod at 130 Company's Din-No Bon ticket wit i URBAN VAG PRgtnant therefor has been made in Banz Bome or by Mieges or Compraāpra order representing Bank Seam
and panch tekste arwinche ser' all ready full, running at the sizza stateĞ
JOHN D. BUMPHREYS &00
THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.
(Capital Paid up...$1,250,000.)
Laser on Morgies of Kota Property; das.
Afromana usada on Marylandi. Zrakter made an sao Providen Byskan. *
FRONTER, ROBOUTOR OF WELLS, ASTOSUNKY, Žu. Undertaken und Blowind.
Cases and Partialları ça appilonkiem)*2
SHEWAN, TOMES & CO.,
General Managers
MARTIN'S
APIOL
WE MARTIN'S
ON FIXED DEPOSITY,
For I munths, 2 par caht. pET ASHLIN,
For 6 months, 3 per cent per zábav Do te mantas, 1 per cent. DAY AROUN
N.J. STABB,
Chief Manage I-
BONGKONG SAVINGS BANK.
THE Exsines of the above Baak is coodact
the HONGKONG AND SHANGHAI BATAIKO- CORPORATIONS, Ruler be obtained on applications INTEREST on deposits is allowed or the mis
Imam monthly balances at 838 per c
Deposters may transfer, at their option balascas of $100 or sore to the Ronglong and wacani Bank to be "placed' on FPED DEPORTS at a DANIE, DUP SIHAM
then.
For the Hongkong and Shanghal Bank Corpora
N. J. STABE.
Chief Manager.
THE CHARTERED BANK OF INDIA," AUSTRALIA AND
CHINAS
Incorporated by Royal Chaczar H
PED HI-LONDON.
FAID-CP CAPTAL BESERYE FUND
RESENE LABILITY" OF"
PROPIECES. wenemm£5,000.00$
FOREIGN EXCHANGE' and' Gmorni Ben
business sacted. CURENT ACCVENTS opened and PEKER DEPOSITS caived for 3 year or speriar periode, rates which will be quoted as appliados
T. C. DOWNING.
Manage Hongkong, 11th Avril. 1912.
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office 15, Gracecburel Street, London..
Authorized Capital....£1,500,000 Subscribed.
Paid Up.
Reserva Fund
Ħ
H
BANKEER
1,125,000
562,500 .600.00%
The Bank of England The London Tolet Kinet Bank, Linät väl BRANCE28 an
Bombay
Calcacia
Colomb
Delh Galle Hoogkne Homab
Kandy
Port Loki (Maritos.)
Larachi Xots Ebare
Con's Lampy
PRIS
Sbangbal
Singapont
HONGKONG BRANCH.
Every description of Banking and Exchan balet tusscled.
Interest allowed on Carren; &cpOWTOS ACE FAN C DÉR SALUM DE Dally Balançta, and on Fland Deport int ratus which may be ascertained on application.
C. CHAMPKIN,
Acting Manager,
INTERNATIONAL BANKING
CORPORATION,
HEAD OFFICE:-
11. Wall By Naw York,
LONDON OFFICEN
35, Bishopsgate, Ex
CAPITAL & SUBPLUS. VE $6,500,000 UNDIVIDED PROFITS US, $1,348,006.
BOMBAY
CALCUTTA
CARTON- CEBU. COLOX
BRANFPA
USĮ $7,848,000
LONDON FAN FEDRO MANILA ... DE MAORIS, MEDELLIN SANTO DOME
PANAMA
PPKIXO.
BANKOW PLERTO HONGKONG PLATA
KOBE
SAN FRANCISCO SHANGHAI
SINGAPORE TIENTSIN YOKOHAMA
Through a clows #Fallon NATIONAL CITY BANK OF NEW YORK, The Bank is able to dềur Services of the Branches of that: Tuaditation Cas South America, and alsorbers, bemaly!-
BAHIA BUENOS AIRES, GENOA, HAGAWA' KOSTEVIDEO, 200 DE JANEIRO SANTIAGO DE CUBA, BANTÓS,- SAO PAULO, PETROGRAD VALPARAISON
· All kinds of FOREIGN R ́LOCAL BAKKINEN - BUSINES transacted. **je
CURRENT ACCOUNTS opened and FIXER DEPOSITS VEceived at rum to be sacertaled se application.
GEORGE: ROCG,
Hongkong. 26th September, 1918
THE
YOKOHAMA SPECIE BANF.
LIMITED.
Established 1880. Authorised Capital Yen 48.000.000 Paid-up Capital 36,000ED0 Reserve Fund... 22.100,000
19
Head Office-YOKOHAMA
Branches
Autong-Haing'
Bomber Cilaostá Changoltom Dairen
We
Harisin
Markow
Honolulu
Toba
Záso>Zaug
Taondos
Lyons
X Agon
And
eternet allowed en Castest. Ancona Dan mentred for navd perioda on zatos de Beʻzaká
WAHISHI ÖNÜ
Hongking 10th October: