COMMERCIAL NEWS.

Coal £24 A Ton.

Hankow Exports.

For the week ended January 9, the weekly circular of the Hankow British Chamber of Commerce reports The produce market continues very quiet, and, with the exception of cotton. rather on the weak side. There is very little business passing Demand from Italy for tallow and hides remains good, but

ALSACE-LORRAINE.

The Real Problem.

HONGKONG

NEW ROUBLE_NOTES.

GRATH, THURSDAY, JANUARY

FOR THE LADIES.

HONGKONG SHARE REPORT

-SELLERS; BA-RALES;

-BUYERS; N.-NOMINAL.

OFFICIAL PRICES. BANKS

The Super Blosse Although it is certain that the one-piece drees is to be pre- eminent this winter, the cost-and- skirt is too useful to be entirely superseded, says a Home paper. Moreover, the opportunity, the latter affords for the wearing of a H. K. & S. Banks b. pretty blouse or an attractive MARINE INSURANCES. lamper is an advantage that the Cantons

(Inions ly forego. majority of women will not light- North Chinas This season the blouse will Yangtszes provide contrast to the skirt FIRE INSURANCES. instead of harmonizing with it Chin Fires b in any way. Bright colours will H.K. Fires be welcome so long as the dark days are with us, though white Douglasės with touches of embroidery and of

Steamboats for will also be fashionable. Of Indos (Del.)

choice. Georgette, voile, and Shells

at vie with silke, satios, crepes Ferries de Chine, and velvets to gain the popular favour.:

Fortunately for the economics), the blouse of laat winter may still be worn without appearing old fashioned. Tarned-down collars or no collar at all will be worn, together with wide revers and Tronohs bishop elecves. The collarless Urals

The N. C. Daily News corree- Mr. Houston has given notice Hr. Sydney Brooks, writes in pondent in Harbin telegraphed a to-sak the Parliamentary the Daily Chronicle se follows January 17 as follows:-Owing Secretary to the Shipping Con- Alsace-Lorraine is more than a to the immense speculations by troller a question, the object of which is to ascertain why question of politics and sentiment, Chinese in the new user British coal sent to Italy should though it is that first of all. If paper money the Chinese author there cest the private consumer is also many sided problem of rities here have issued a proclam

international and competitive ation insisting that all Chinese £4 per ton, or thereabouts.

industry. In the current number Arms, shops, etc., accept the new of Sperling's Journal, a privately issue of roables on the same basie circulated City magazine, I have as the old rouble notes, of the developed this aspect of it at same time warning these who length. Here I can do little more refuse to accept them that they than summarise the issues in are liable to prosecution and broad catline. It is of the first five of ten times the amom importance that they should be involved. understoed ba the British people, This measure together with the resolution of the Chinese Eastern a well ze in White-hall.

When Moltke in 1871 insisted Railway to insist on payment of America is still unwilling to pay upon, and Bismarck against his sight and farea being made materials there is no lack ci Indos (Pref.). the present Chius market equiv-better jodgment asserted to, the with the new rables, has caused Chius masker, er annexation of Alsace-Lorraine, the discount on the latter to owing to the smallness of supplies the main thought in their minds diminish considerably and event arriving. Tellow is firm, but not was that of securing strategio aally they are likely to regain many purchases have been frontier. They secured, though their par value. reported. Supplies of gostakins are not very plentiful, but current rates of exchange and quotations from America "should have the effect of reducing prices. considerably..

valents.

Russian Commercial Treaty Ended,

from the

therefors denounce the Com-

Hankow Piece Goods,.

General Birdwood, Lieat. Gen. W. R. Birdwood, Indian Army, Aide de Camp to the King bes been promoted to

win and were to annex the greater

2

SHIPPING.

1918.

BANKS

BANK OF CANTON,

LIMITED.

KRAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General

Business Banking Transacted.

INTEREST ON FIXED ́DEPOSITS:

For 3 Months 3% per annum.

BANKS

HONGKONG SANGEST

BANKING CORPOFA-

STIONE

Paid-up Capital 23}{{{Dr, Dev RESERVE FUNDS:

Sterling A

£1,500,000 AE 24

-$15,000,000:

Silver $18,500,000

$39 300,001

Reserve Liability of

Proprietore....................$15,000,00

COURT OF DIRECTORS

Hon. Mr. S. E. Dod walk-Chairs. Hoe. Mr. Retro-DEP C Hoa, M. G. E. Ation, F. C. Extens 7.2. M. 'Adkins, Hot

* Gabbey, B E.Y, D. Parts Bags - W: la Puttendama lag.

A B Compton, Efq.

#620

1.

b...

** $297

£115. $285

11. ex 78 8905

DA

$136 $910

b.

#78

For 6 Months 4% per annum.

1..

817)

be

"For 12 Months 41% per annum

tank

-b.

$381

112

b.

#281

LOOK POON SHAN;

Chief: Manager,

REFINERIES.

b.

$9)

До

$34

MINING

BANQUE INDUSTRIELLE DE HINE.

Sugars Malabons

Kallans Langkats Raubs

S

"

В

II.

sa.

88/- *141* $2.40 -30-

23-

行銀業實法中

Capital (Faid up) ...Franca 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 Manager "A. J. Parnotto.

HEAD OFFICE:

74 Rue Saint Laure, PARIS” ·

BRANCHES: FEKING. SHANGHAI TIENTSIN HONGKONG, and SAIGON, BÄNKERS.

pour

favoriser le Développement du Com- merce at de l'Industrie en France. In LONDON: London County & West-

minster Bank, Ltd.

In NEW YORK: Redmond & Co. In ITALY: Banca Commerciale Italians. Telegraphic Address: CHIBANKIND.

Interest allowed on Current Accounta and Fixed Deposita. Terma on application. Every description of Banking and Exchange businem transacted. "M. BOUET DE JOURNEL, Manager. HONGKONG BRANCH:

Tel. No, 2352 Queen's Building.

$26

$130 ... 73

In FRANCE: Société Général

897

b.

$90

До

$30

b.

$5,80

The

$80

b.

681

11.

$81

$115

Да

t, 170

b.

t. 14,10

b.

Pt. 121 t. 8 t.44

.b..

18 $9,50 €7.50

$90

$48

b.

#187

D.

n.

Steel Foundries n.

line and Watsons

186$

5. Chater Road. Hongkong, 20th August, 1917.

NOTICES.

NOTICE.

PEAK TRAMWAY CO.

LIMITED.

TIME TABLE

YOURO AAL.

$10

$61

$81

· 1.30 AM · STHE? 18 MIR.

cts. 90.

BAJ, 10

11.00 LIC

$4

NGU TAL

$12

· 128 1

10

8.

5.00 3.

88

10 200

129

RIGEN CABUL

IL.

JANUARY 24, 1916,

they did not know it at the time, something that has proved the base on which Germany has built up her towering fabric of pros perity and power, something with out which Germany could not have begun this war, or could not have waged it for six months, the rank of general. General neok is cut just so it may suit the Oriental Cons.

DOCKS, WHARVES, They secured the largest de- Birdwood greatly distinguished individual-rectangular, round,

GODOWNS, &C. The following Foreign Office pesit of iron ore in Europe, and himself at Gallipoli, where he was or oval, Often, too, it is aged with

popular with the far, which, softening the line, K. Wharves b. announcement appeared in the second largest in the world. immenesly

London recent issue of the

The soil of the last provinces has troops, especially the Australiana does mach to make it becoming. Kowloon Docks

Fine embroideries are perhaps Shai Docks b. He was referred to by Sir Ing Gazette"-His Majesty's Am-

Sbe bassador at Fetrograd has made Germany's foriane,

LANDS, HOTELS Russian has derived from it her metal. Hamilton in bis diepstobea as the the most striking, characteristic received

of the new blogsea. They occur

AND BUILDINGS Minister for Foreign Affairs allurgical ascendancy, the motive "soul of Anzic,”

on every material, and are carried Centrais Note: dated October 24th last, power for ber industries, her

fout in silke, wools, and beads

H. K. Hotels stating that economic con-wealth, and, as

a consequence, },

according to the style and Land Invest. ditions arising out of the war her naval, military and political Sappose now Germany were to

material on which they are work-H'phreys Est compel the Russian Govern- power. ment to take into consideration The area covered by this de-half of the ferruginous basin that ed. A blouse in orange georgette, Kloon Lands

for instance, "would look lovely Shai Lands the revision of their existing posit embraces the Longwy and lies on French soil. Territorially worked in mole silks, with the West Pointe Commercial Treaties. They Briey districts in France, now it would be a very small acquisi-colour repeated in a little pointed Reclamations mercial Treaty between the cecupied by the German armies, tion. Economically its value collar and narrow caffe of mole COTTON MILLS. United Kingdom and Russia and portions of German Larine, would be inestimable. It would coloured satin. And a black net Ewos of January 12th, 1859: the of Luxemburg, and of Belgium, mean that after the war Germany blouse is most happily relieved Kung Yiks Treaty will accordingly be term-lalso, for the moment, is German would be able to raise some by tiny emerald-green beads sewn Shai Cottons inated on October 24th, 1918. possession. If Germany could 46,000,000 tons of iron are a year, The notice of denunciation is ercure

8 peace based on her while the French output would in geometrical patterns on the Yangtazepoos b. accompanied by the statement present military position the be reduced to a bare 4000,000. shoulders and repeated in a "tie" Orientals

MISCELLANEOUS. that the Russian Government hole of this wealth of iron ore,

Suppose, on the other hand, which is knotted and hangs in

front to the waist..

Borneos

b. will be ready to come to an estimated at some 5,000,000,000 that the Allied victory is as com

In any article on blouses. the China Light & P.5. agreement with bis Majesty's fans, would pass under her plate as we all intend it shall be, Gorerdirent in order that no

and that Alsace Lorraine is rejamper must have s plecs as a Providents inconvenience may be caused by control

There are reckoned to be 2,800 stored to France, The situation matter of course, for it is evolved Dairy Farins s the period of transition.

million tons of iron ore in all in that case would be almost the same purpose. This season H. K. Electrics b from the blouse and serves Just Green Islandsb. Germany. Of these Lorraine precisely reversed. France would

Ropes The Harkow British Chamber alone is responsible for some be in a position to extract about brings some exquisite examples H. K. Ice Co.,

2.000 millions, or five-sevenths £3,000,000 tons of ore a year, and in chiffon velvet, in broche crepes of Commerce circular for January, 9 says:-There is is no change of the Empire's total supply. Germany would have to remain de-Chine, and in a new and very Trams, Low Level 88. to report in the existing dull When Germany hypothecated satisfied with a maximum yield of thick georgette. Jampers of this Trams; Peak, old s

description are almcat too tempt Trams, Peak, new 8. condition of this market. Money the Lorraine beds they were some 8,000,000 tons.

No blow, therefore, could more ing for war-time, so attractive Laundries continues tight and consequently yielding about 500,000 tons of clearances are poor and uncerore a year. In 1913 they wereffectually

German must they appear to anyone who U. Waterboats n cripple tain. New business has been wielding over 40 times as much, industrialism, and with is Ger appreciates good done in both Shanghai cloths Up to 1903 Germany had no need many's capacity to organise exquisite colour. Many in a heavy Wm. Powells and yard for shipment after China New Year by those dealers who to import from abroad a single another war, then the loss of the georgette are bordered with em- Morning Posts D.

broideries in wools obequered GRRECTED TO NOON THURSDAY foresee that a rise in prices must ton of ore. Lorraine alaze enabled Lorraine ore bede. In the fate of take place soon, which is a sign ber to maintain for over three Aleece-Lorraine there is involved border in black and white or of growing confidence. Local decades an unprecedented in nothing less than the industrial colour and white being decidedly BENJAMIN & POTTS,

feacicating prices for both yarn and piece dustrial expansion,

primsey of Europe.

There are many jompers, too, Even; however, when France goods remain quite strong and Siuce the war Germany has with an upward tendency. A depended almost entirely on the bas resumed her rightful owner. for the evening in pet worked in few hundred bales of Japanese Lorraine "mines for the iron ship of the lost provinces, and silver and gold, in fine crepe-de- yarns have changed hands at and steel which are the basis in doing so has become the sup with silver. For gives a special Chice, and in georgette sparkling from Tie. 147 to Tls. 149, and of all modern warfare, Shereme storehouse of iron ore on the sales of about the same quantity has got some from the occupied Contigens, the coal problem will note of comfort to many of these, and taseela are frequent as of Japanese 84 lb and 10 lb. districts of France and Belgium still remain. Not only will it re shirtings and jeans at slightly and Luxemburg, and some, toomain; it will be aggravated-and decorative details... One tassel advanced prices have also been

may hang from the point of the reported. Interior markets are from Sweden, but from three-in a form that will ask for its" or a series of tiny tassela 30 día. ..... all very short of supplies, but no fifths to four-fifths of ber outpat right solution from both the bussiness of appreciable proport during the war has come from French and the British Governare set on the shoulder, while ions can be looked for until the Lorraine. Without the production ments a bigh degree of commercial another set holds the jumper at

T/T Shanghai. political situation

of the provinces she snatched from diplomacy.

Beautiful jampers of this type TT Singapore straightened cut.

France 46 years ago Germany France before the war consum-

from T/T Japan....... 13614 "Nom. would long since have exhausted ed some 82,000,000 tons of coal exily be made British and U S. Spindles.

remnants" of material, which T/T India Some time after the outbreak ber capacity for toroing out the year. Of these she raised her of the war it became very difficult material of war. Liberate those self41,000,000 tons and imported even now are often picked up for a Demand, India. or practically impossible to improvinces from her clutch with 21,000,000, about half of which moderate eum. For more practical / San Francis 7011⁄2 port British spindles into Japan, sheir 21,000,000 tons of iron ore a came from Gress Britain and the purposes.velveteen should be used. T/ Java 1603⁄41⁄2 even under contracts previously concluded, and some Japanese year, their 8.800,000 tons of iron remainder from Germany and brown velveteen, for instance, T/T Marka........... Nom. spins ers gave orders to the emeltings, their 2,300,000 tons of Belgium. With the restitution in bright golden shade will look T/T France........... United States. Fears are now ex-ateel smeltinge, and the useful of Alsace-Lorraine she will well for a whole season. It can Demand, Parie pressed, however, that American coalfielda of the Barre valley-and require at the least 40,000,000 be relieved with edgings of dark pa

Where for, and a hood collar of mattier 4 m/s. L/C spindles cannot be used profit a long step has been taken tone a year extra. ably in this country. It is towards binding her down to is she to get it from? Great blue crepe-de-Chine renders it mis. D/F

Wale very becoming. thick striped 6 m/s. LIC.... estimated that the spindles so far

or Germany? ordered by Japanese spinners

3/116 Glance now at the French side and Northumberland or West-eatin bae slap appeared, and is 30 dis. Sydney & Melbourne...*** from the United States since of the question. In 1913 Alsace phalia? From ber Ally, with being used extensively for jump the beginnig of 1916. number Lorraine equalled the whole whom a mutually advantageous era and blouses to be worn in the 30 di Ban Franc- 71% 280,000. Formerly

Woven in boldisco & NewYork} French outpat of pig iron and bargain can be struck, or from fine or bank.

Nom spindles were not in general use,

plaids or in brightly-baed silks 4 m/s. Marka ............

4 ms. Francs..... 4.18 the reason being the unfavour produced by itself only one third her enemy, who will certainly use

6 m/s. France 423 ableness both in price and quality less steel than all the French his supply of coml 89 a megnet to striped Darrowly with black, they

will provide & bright note in the Demand, Germany. - as compared with the British steel works combined, And yet attract French ore, to build up dark days, while the touch of Demand, New York 7056 product. The Csake Mousseline the reserves of iron ore on the anew his iron sad steel Industries: black saves them from being too T/T Bombay Company was the first to send French side of the frontier are and to dominate, French metal an order to the United States. It actually greater than on the lurgy in the future as in the past? quickly soiled. ordered 3,00 spindles in the German side. Why her, with a It is clearly an almost vital early part of 1916. and the larger supply of raw material, was interest both for France and for example was soon followed by France lagging behind Germany Great Britain that the formation

Geneva Cross for Volunteers. Demand, Singapore. 12614 other stinners, who ordered in the production of pig-iron and of a buge Frenor-German cartel, In an Army Coupoil Instruction On Haiphong... toisi of 250, 00 spindles during lest year. At that time cotton steel. The reaans in that France based on the reciprocal exchange (1829) issced by the War Office On Saigon, yarn was booming, and it was badly +, while Germany and coal for ore, should be prawantetised that Volunteers On Bangkok calculated that with the bigh Belgium are well provided fed, that we should ourselves belonging to Volunteer Field Sovereignt prices then obtaining it would with coking coal; and that sopply France with the coke that Ambulances will wear the Geneva Gold Leaf pay to use American spindles. a very large proportion of will enable ber to do her own Grose arm bad The boom, however, has since the Fretch ore was smelted melting, and that we should take N.C.0, and men of the BAM8 collapsed and though the market into pig-iron in the blast furnaces from her in return theirðu are ja

has

been

American

hes of dste been improving, it

not considered that the cotton

iness will enjoy for any

of time

pesce.

Britain

by-and-el Beplan, that we now import from Sweden. the advantage of the iron and from Boain. If we do this oth of these,coon- shail have made it imposible

the waist.

.

orn

Share

and General Brokers, Princes Building.

Tel. address: Broker.

EXCHANGE:

SELLING.;

T/T........... 2/1114 Demand

2/1134 2/1136

2/1156

3-

Nom. 1261

60 8/8.....

4/8..........

co & New York

02:30 and 9 7.36 0.30 0

ILD.

Waży half boar..

11.00 2.3 to 11.45 9.3. Bray quarter of an bone. BUNDATE:

1.3

11.00 HEAK-1-1500 Noos

LES SO 1.30 P

"

1.8 2.3. 19

100 120

*

19 MAM.

HIGET CARE so an Wank CAS

RATE RIMANE:..

My Cart Midnight

BRCIAL CAER

my Arrangement at the Company's Office,

Beranda Buliding

Des Voeuz Kond

*- CHIKR WAXARER

Bugtong-N. 7. Braha, Hon.

KAMA MAKALER

aq

Bangkalan Chephen, Loados Pakars-London County ase Westminster "Dank, Limbak

Hongkong-Interest Allowedt +

On Querent Accounts at the rate of Xyer e me par

on the daily balanÇE.

ON FID DEPOSITS,

For 3 months, 22 per cent, per augmi For months 24 per cent, par annum.

or lo months, 4 per cent, DAT GEZON

N. J. STABB.

Chief Manave?.

HONGKONG SAVINGS BANK

THE Business of the above Bank is conducum by the HONGKONG AND SHANGHAI BAHTING CORPORATION, Rule say be abrsized un appo INTEREST on deposits allowschen tre mani imam monthly balances at 171 per chin, pay kunsm

Depositor may transfer, at their option, balancer of them or more to the Hongkong and Shanghai Bank in de placed “ su "ZELÍN "DEPJBT at cant per anBUM.

For the Hongkong and Shanghai Banking Corpora

N. J. STABB.

Chief Manager.

THE CHARTERED BANK 0). INDIA, AUSTRALIA AND CHINA.

* Kesan and panth ticket ateriatus for all NEW NOR strondy fali, rauning at the time trazad in the Company's the labies, but him for special 26ck, som be detained on application the Comaye No Someca ticket will be sewer) zučil payment therefor has been m 22 Bank Hotes or by Cheque or Compradoze, orker zapessenting Back Notes

JOHN D. HUMPAREYS & 00.

Nom

*

4.03

4.0314

BUYING.

31-32 3/11/2

Demand, Bombay... Nom. TT Caloutts Demand, Calcutts. Nom Demand, Manila. 141

Bar S

SUB

THE CHINA PROVIDENT LOAN AND MORTGAGE- CO, LTD.

(Capital Paid up $1 250,000.)

Lesson an Mortgage of House, Property, di todes word ved on Morage Adesodos sus on Merabandes. La Lesen zonda en die Providers. 15 yanaen

THUNYAK BÉRGUTOR OF WELLA, - ATVORARY, Aa Undertaken und Rasenied.

To the Offics of SHEWAN TOMES & CO.

Incorporated by Royal Chartet fig

HEAD OFFICE-LONDON,

PAILUP CAPITAL

BESERVE FUND RESERVE LLABILENT OF

FROPRIETORS

FORMON EXCHANGE and Gynéral Bankov busloss transected."

·CURRENT --ACCOUTES", opened: sad FR33 DEPOSITS received for 1 year or shorter periodu #* Tries which will be quoted on application.

T. C. DOWNING,

Manage Hongkong, 11th April, 1911.

THE MERCANTILE BANK (). INDIA, LIMITED.

Head Office 15, Gracechares Street, London..

Authorised Capital ..............£1,500,000 Subscribed

Paid Up

Reserve Fund

(1,125,000

562,50€

* 600.004

BANKERS: The Eark of England

BRANCHES

The London Jolat Stock Back, Lambi ide

Xerabl Koth Bhar "Ktafa"kompoz

Logber

Calcutta

Tatoeba

Dethi

Galle

Неттай

Hongkong

Kandy

Port Louis (Mauritius)

Kadras

Petrog

Shanghai Singapore

PONGKONG BRANCH

Every descriptios of Banking and LeeDNA J›

· business transazied, spann

Interest Micwed on Current Accounta si apa cas› ́per annum on Daily Balances, and on Frisc Duba at rates which may be ascertained in supiliation.

C. CHAMPKIN,

Acting Manager

INTERNATIONAL BANKING

CORPORATION,

HEAD OFFICE

13. Wall St., New York.

LONDON OFFICE 2 15 Bishopers, EC. CAPITAL & SURPLUS' U.S. 36,500,00 UNDIVIDED PROFITS UE. $2,348,000

UE. $7,848,00K

CEBU. COLOR

BRATES-

LONDON

SANTO DOMING!" SAN FRANCISCO

„MANILA SANTACO.

- DEI OF CAVALLEROS.

SHANGHAJ RINGAFLY

BATAVIA DWM KAL CALCUTTA CASTON.. PANAMA PEKING, PUERTO HANKOF PLATA HONGKONG FAN PEDRO TIENTSIN KOBE DE MACORI YOKOHAMA Theneb its close aliation with NATIONAL CITY BANK OF NEW YORK. the, Bank. is able to offer us Servior of the Branches of that. Institution in America, and sleewhere, namely,

Car & Son BARIA BUENOS AIRES, CABÁOAS GEROA, HACANS: MONTEVIDEO, MOBOOW 210 DE JANEIR SANTIAGO DE CUBA KANTOS; TAKE PETROGRAD VALPARAISO,

FAULO,

All kinds of FOREIGN & LOCAL BANKIKI BUSINESS acted

CURRENT ACCOUNTS opened and FIX22 DEPOSITS received at rales to be ascertsioada application.

GEORGE HOGG th

Hongkong, 26th September, 1918.

THE

YOKOHAMA SPECIE BANY

LIMITED.

Established 1880. Authorised Capital Yer 48,000.00

36,000,00

221,00,000/

Oca-YOKOHAMAA

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