COMMERCIAL NEWS
A
MEAL MARKETS.
According to a telegram receiv- ed in Japan on the ith ult, the stocks of metal held by the British
NOTICE
PUBLIC AUCTIONS.
Government on the 1st of April THE Undersigned has received
stood as follows:--
April 1st March 1st.
11
Copper
голя 48,700
tons,
51,350
Zine (ordinary) 17,700
27,500
10,370 96,500
8,860 100,000
Pure zine Load ....
It will be noticed from the above list that except paire zinc, the stocks of all other metals showed a decrease, which naturally re- sulted in hardening the market. In Japan the-present quotations are Y51 for copper, Y23 for zinc and Y17 for lead. It is said that the Japanese market will show a further activity, as there is such an encouraging report (for sellers) from Britain, at a time when stocks in Japan are running short.
PIECE GOODŠ,
instructions to sell by Pub- lic Auction on WEDNESDAY, the 21st May. 1919.
at noon
at his Sales Rooms, Duddel! Street
The Wreck of the S. S.
*** Chiyo Maru **
as she now lies off the Lemû istands
hammer, when vessel will be at Terms: Cash on fall of the purchaser's risk.
Gen, P. LAMMERT.
Auctioneer.
THE undersigned have received
In spite of the very low stocks of piece goods in Shanghai at the moment, (says the NC. Daily News of May 10) the Chinese are holding off buying in very large quantity until the arrival of nawlic stocks. This is probably 4 wise policy сп their
part. future arrivals will considerably
cheaper.
*25
be AL
instructions to sell by Püb- Auction on
SATURDAY, the 17th, May 1919,
Ewo's auction, White Shirt- ings and 84 Shirtings were much commencing at 12 o'clock (moon)
at his Sale Booms, Duddell Street
I Underwood Visible No. 3 - 18"
easier, but all other lines were up. Bidding was quite brisk at this auction, 110 packages being disposed of. Black Italians and Grey Shirtings were up прасе at Kingping's auction. while Whites and Fancies were steady. -Sales were 30 less than last week 234 packages being taken up. Bidding at this auction No. 5-12′′ was also very spirited. Clearances
visible No. 10 - 18*
1 Remington
Typewriter
Typewriter
1 Oliver Typewriter Visible
1 Monarch Typewriter Visible
are satisfactory: Yuen Fong did No. 3 - 14" not find the marker quite so active,
1. Remington
Typewriter
except in the demand from Chin-Visible No. 11--18" kiang and Tungchow, which was quite strong. These districts consumed most of the Blacksi and Greys,
1 Oliver Typewriter Visible No. 5- 187
all in perfect working order and condition.
especially in 1 Monarch Typewriter Visible the betterqualities. There is a de- No.3 - 18′ mand for medium quality Blacks. for Hankow and for better quali ties in Greys for Ningpo 12-15. .Sheetings and Bleaches somewhat easier. but there ap-15th inst peared to be a fairly good demand for other lines. No orders this: week were booked for Korea, but,
were
in spite of that, the situation
m the North does not appear
to be affecting the
market
to a very great extent 213 packages
were disposed
öf,
THE HONGKONG. TELEGRAPH.
NOTICE.
BRITISH TRADERS' INSUR- ANCE CO., LTD..
• NOTICE TO SHAREHOLDERS.-
WEDNESDAY MAY
1919
NOTICE
BANKS
BANKS.
BANK OF CANTON,
NOTICE IS HEREBY GIVEN AT THE PASS OFFICE, POST
that the Fifty-third Ording
THE BANK OF CHINA. GOVERNMENT BANK, |(Specially suthorised by Presidential Mandate of 22nd November, 1917.)
80,000,000,00 712,879,900,00 8.3,297,490,00
HEAD OFFICE: PEKING.
HEAD OFER, HONGKONG,
FORMIGN EXCHANGE- and
Ganazal Banking Busines
AU persons with the 'ex- ception of thoes of Chinese Authorised Capital ruos, desizing - to leave the Paid-up Capital Colony should apply in person Reserve Funds between the hours of 9 s.m. t 1 mm. and 2 p.in, to & num. daïl▾
BRANCHES & SUB-BRANCHES: Transacied OFFICE BUILDING.
(Peking): Haiting, Tungchow, ary Yearly Meeting of the Com pany will be held at its Head produce Passports or identifica-Niniansan
Applicants will be required to (North): Miyan, Chohsien, Fahren, Office Nos 3 and 4 Queen'stion papers
Nyuanbes (Chibli): Buildings, Hongkong,
Tientsin. Pactinfa, Latsi, Tsinkai- THURSDAY, 22nd May 1919, at All persons with certain arcepsien, Sangtang. Shuntebiu, Tang- 12.45 pm for the purpose of tions who remain in the shan, Taming, Cholahsien Weinzien, receiving the Report of the Colony for more than 7 days are (Manchuris): Changchun, Moakden, Directors together with the State required to Register themselves Kirin Tsitsibar, Newchang, Liso ments of Account to 31st Decem-under the REGISTRATION of pushchow.
Hebo, of declaring PERSONS ORDINANCE 1916 Forms of Registration giving the particulars required obtained at the G. P. O. and at All Police Stations.
ber 1918, and dividends, etc.
Ox
The TRANSFER BOOKS of the Company will be CLOSED from the 12th May to 22nd May, both days inclusive.
By Order of the Board.
:) C. H. P. HAY,
- Deputy General Manager Hongkong. 9th May, 1919.
THE CHINA FIRE INSUR ANCE CO. LTD.
NOTICE TO SHAREHOLDERS.
OTICE IS HEREBY GIVEN
that the Fiftieth Ordinary Yearly Meeting of the Corapany will be held at its Head Office. Nos. 3. and 4 Queen's Buildings. Hongkong, on THURSDAY, 22nd May. 1919. ap 12.30 p.m. for the purpose of receiving the Report of the Directors together with the Statement of Account to 31st December, 1918, and of declaring
On view from Thursday. the Dividends, etc.
Terms: Cash on delivery.
GEO. P. LAMMERT,
Auctioneer.
Rumours are fairly general that UNION INSURANCE SOCIETY
a boycott is likely to be declared by China against Japanese goods. Sporadic boycotts of this type have been experienced from time to time in Chiria, but the lack, of| organisation - which
is
characteristic of the country.
OF CANTON LIMITED.
NOTICE TO SHAREHOLDERÄ
renders them almost invariably NOTICE IS HEREBY GIVEN
ineffective. Little, therefore,
to be feared from this scoure
TIT Demand
30 die
EXCHANGE.
SELLING.
n 60 dis
Shanghai
4 m/s
IT Singapore.
3/64
3/5 7/16
3/6 9/16
3/6 11/16
3/6 13/16
Nom.
150
ТТ Зарап
*60.
TAT India...
Now
Demand, India
Nom.
T/T San Francis-1
co & New York)
8234
TIT Java
TIT Marks .....
TT Franca
200 Ni m. 5.1016
Demand, Paris. 5-11
BUYING.
4.m/s. L/C
4 m/e. D/P
6 ml Lit
30 dis. Sydrey and]
Melbourno......]
30 dis. San Francis-
có & New Yor
that the Forty-sixth Ordin- ary Yearly Meeting of the Society will be held at its Hoad Office Nos. 3 and 4 Queen's Buildings Hongkong. n. THURSDAY, 22nd May, 1919. at Noon, for the purpose of receiving the Report of the Directors together with the Statements of Account to 31st December. 1918, and of declaring Dividends etc.
The TRANSFER BOOKS of the Company will be CLOSED from the 12th May to 22nd May, both days inclusive.
By Order of the Board.
C. H. P. HAY, Deputy General Manager. Hongkong. 9th May. 1919,
THE HONGKONG ELECTRIC COMPANY. LIMITED.
that
the
RON-COM
be
The Penalty for pliance is a fine not exceeding $50
$
INTEREST ON FIXED
DEPOSITS.
For 3 Months 3% per annum,
For 6 Months 1% par annum.
For 12 Months 44% per annum,
LOOK POON SHAN,
Chief Manager.
BANQUE DE L'INDO-CBINE (FRENCH BANK)
Tronsalu, Harbin, Dalny, Antung, Hsinmingfu,
Tichling, Chinghsien, Sifeng, Hulse, Saiwafu, Hailunfu, Ningata, Kung- chuling Liaoyang Fays. Tenchi Kaipingsier (Hupeh): Hankow, Shasi, Ichang. (Hunan): Changsha, (Kiangsu): Shanghai, Nanking, Soochow, Yangchow, Chinklang, Head Offer: 15 bis Rue Laditte, Paris, Wuxih, Esachowiu, Tangchow, Capital
Francs 18,000,000, (South) Tsinkiangpo, (Shantung): Rescres
20,000,000 Tainan, Tsingtao, Chefod, Tenghsien," BRANCHES AND AGENCIES. Lintsinhtien. (Shanni): "Tairsanit, Battambang Montgre
Bangkok Eenrling Siro Yunsheng, Sinkianhsien, Tatungfu.anto
..Formen (Hons): Kaifang, Choristow, Djibousi Papeete Haiphong Peking
DIRECTORY Hanhsien, (Kwangtung): Hongkong. Hankow
Nearly
of the Total Issue were sold last week.
ני
Shanghai Singapore
Tiepenin *Tourant Phom-Peha Madisstock Pondichery
BANKERS;
Canton, Swatow, Kiungehow, Fa- Hane: kien): Foochew, Amoy, Hankong, Chuanchow Changchorf, Sau IN FRANCE: Compair National điện
tuao. (Cheliaug): Hazchow, Shach- sing, Huchowfu, Kashing, Wenchow, Ninpo, Laschi, Yuyao, Haimez, (Kiangai): Nanchang, Kinkiang, IN Kanchowfu. Chintahchen, Chip, (Anwbei):' Wrbu, Anking, Pangfow, |
compte de Paris, Credit Lyncanais Banque de Faria et des Pays-Bas, Credit Industriel et Commercial Soicete Generale,
LONDON: The National Provincia:
& Union Bank of England Ltd Comptoir National d'Escompte de Paris: Credit Lyvomis,
Have you got Lachowa, Tatung, Tangki Luan. IN NEW YORK: J. P. Morya & Co.
THE
Your copy
yet?
BREWER & CO. 23 Queen's Road.
CANTON INSURANCE
OFFICE. LTD.
NOTICE TO SHAREHOLDERS.
The thirty-eighth Ordinary Yearly Meeting of shareholders will be held at the Offices of the undersigned on Wednesday the 21st May 1919, at 11.30 am.
The Transfer Books and Register of Members of the Com- pany will be closed from the 7th May to the 21st May, both days inclusive."
Immediately after the above mentioned Meeting the General Agents in pursuance of Article NOTICE IS HEREBY GIVEN 17 of the Company's Articles pro- THIRTIETH Pose to ask the Consalting Com- ORDINARY GENERAL MEET-mittee to sanction a call of $30 ING will be held at the Company's per share in respect of the monies Offices, St. George's Buildings, on unpaid on the shares held by Saturday, the 17th May, 1919, at members of the Company. 11.30 AM., for the purpose of At the same time the General presenting the Report of the Agents will also under Article Directors together with a State-1043p) ask for the sanction of the The TRANSFER BOOKS fment of Accounts to 28th Febru-Consulting Committee to the pay- the Society will be CLOSED from the 12th May to 22nd May. both days inclusive.
By Order of the Board.
',
C. H. P. HAY.. Deputy General Manager.
Hongkong. 9th May, 1919.
ary 1919, and electing Directors ment of a special dividend of $50 and Auditors. The TRANSFER per share (payable immediately BOOKS of the Company will be after the call) out of the Reserve. closed from the 3rd May to the Fund. 17th May, both days inclusive,
By Order of the Board of
Directors
GIBB, LIVINGSTON & CO.
Agents.
WISEMAN, LTD. Hongkong. 6th April, 1910.
3/714
3/774
3/8
BA
TEA DANCES
t/s. Marke....... Nom.
5.28
4 mie. Francs
Amla Fraca...... 5.33 Demand. Germany. Demand, New York 827% TT Hombey ... Nom Der and. Bombay ... TT Calcutta...... Nom. Demand, Calcutta ...
mana, Manila ... 189 Demand. Singapor, 150 On Haiphong ... của Nam
On Saigon
On Bankkok
mr. 4334
Sovereign
5.60 Nom.
Gold leaf per Tael... 41.90
55 ready
Bar Silver, pez Oza- 55 frward
SUBSIDIARY COINS
L'ISCOUNT FER $100:
Hrona 50 ct sub.
́ $ï% dís. $1.50% dis. ***$4% dins 474% dis
On
THURSDAY,
May 15th.
MARTIN'S
PIOL & STEEL
MARTIN'S
A. S. WATSON & CO., LTD.
NOTICE IS HEREBY GIVEN
Should these sanctions be ob tained the Transfer Books and Register of Members will be closed for an additional 14 days, Le until and including the 4th June 1919.
JARDINE MATHESON
& CO. LTD.
General Agents. Hongkong, 30th April, 1919.
THE HONGKONG & SOH CHINA WAR SAVINGS ASSOCIATION.
that the THIRTY-FOURTH ANNUAL ORDINARY GEN- ERAL MEETING of the Com- pany (since its registration) will APPLICATION
fo
Membership of the abe
be held at the Hongkong Hotel, Association may be obtair d Hongkong, on Friday, the 23rd from all the Banks or from le day of May, 1919, at Noon, for undersigned.
the purpose of receiving the Re-THE UNION INSURANCE port of the General Managers together with a Statement of
FOCIETY OF CANTON. LTD. Accounts to the 31st December,
Bonorary Fecietane, & 1918.
Treasurers, Bergkong. 15th. Jazzy 1919.
The REGISTER OF SHARES of the Company will be CLOSED from Monday, the 19th day of May to Monday, the 26th day of May, 1919, both days inclusive, during which period no Transfer of Shares can be Registered.
•
JOHN D. HUMPHREYS & SON, General Managers. Hongkong, 13th May, 1919,
LESSONS IN CHINESE
MB, EN HON VAN, ▲ Chinese gradata warant in theystue, has beer a teacher to Kar CYMAN ÜMMkis and Meerhante in this way Jor LAZY THESE
He has a good mustbed of trafzing Kas pears to ps in the knee examination, vode NEMAČ of a first rate aertificate ne a, hinese tescie. He haw a good kind of mulazio and Hindus Those who jatend learning the Comme language ́áre requested to write" dere of "Hongkong at
mes or direct to 3 3s Welington - zivs, Old Experts Court, Ground Bangga
Ozil Floor and to Hawes Eibeiro and
Szachasr): (Kweichow): Kweiyang fu, (Shansi): Sianfo, Hangchungfo. (Baiyuan): Kweihwating. Paatow- chen. (Tsabar): Kalgan Fergeben. (Urga): Urga. Hakiatso.
HONGKONG BRANCE.
Interest allowed ca current, a counts and fixed Deposits. Terras on application. Every description of Banking Business transacted. Loaris granted ot approved securitier. Special facilities for home exchange.
TSUYEE PEI,
Manager.
RAMSAY & co.
WE HAVE A LARGE SELECTION OF TYPEWRITERS ALWAYS IN STOCK AND SOLICIT YOUR KIND INSPECTION.
WE SPECIALISE IN TYPEWRITER REPAIRS WHICH ARE EXECUTED AT
EXPERT MECHANICS.
WE ARE IN THE BEST POSITION TO" SUPPLY TYPEWRITER REQUISITES. STND US YOUR ORDERS FOR RIBBONS
CARBON PAPER, ETC.
PEAK TRAMWAYS CO., LTD
TIME TABLE,
WEBK DAYS.
7.00
5.00 3.2.
Every 15 mi
10 ma
10.30
15 mia
1130
15 to
L
1.15
ឃីង
1 sale
215
15
6.00
18 min
NIGHT CARS.
8.50 p.m. 9.00 pm: $90 p. 9:36 njo. 12 11.30 p.m. every 3 ruinu'en 11.45 pm. SATURDAY FITRA CARS.
19.00 midnight.
Interest allowed on current Accounts and
Fixed Deporite sccording to arrangement.
Every decription of banking and, ex- change businee transacted,
A. SIRE Acting Manager, Hongkong, October 1st, 1918.
BANQUR INDUSTRIELLE DE CHINE (FRENCH BANK). Subscribed Capital ... Fes. 75,000,000 Fail op
37,500,000 (1.3 of the Capital ir. F. 25,000,000,- subscribed by the Government of the Chinese Republic)
Chairman of the Beard of Director:
Andre Berthelot General Manager:
HANKS.
HONGKONG & SHANGHAI
BANKING CORPORA
TION.
Paid-up Capital
RESERVE FUNDS~~-~
Sterling
$1,500,000 at 2/
$15,000,000 Silver $31,000,000
500,00
$36,000,000 Reserve Liability of
Proprietoremi $15,000,000 COURT OF DIRECTORS. *A. Phoner. Eng-Chačom. ECAPE-Depoty Chairma A. R. Catunton, Eng. te's Gabbey, ERT Hot, Mr & ♬ Dochea W. L. Patiendas, a
Hongkong
Ho: ME. P. H. Holyoak Elan. Ma. D. Las
I. Staro, Bag
Esq
Londen Braters--London
Ebanghel G. Sy and Week
cofrester and Phur's Bank Placed
Hongkong-Trierset &lowed ***** Di Current Accounts as the rate of ♬ put on Fransa on the daily balance
ON FAD DEPOSITS
For 3 months, £1 per cent Sam
For is moute, bi poc sou
For otha, 4° per oRDA AZER
N. J. STABB
Chief Mansker.
Hongkong, 31st October, 1914.
HONGKONG SAVINGS BANK, THE Bath of zu enɔve dent is contacand :b# KO 14KUNG AND SHANOR, BANKING CORPORATION
Rales may be sheskast en applikienez INTEREST deposity is almond on mou 1825) itsm monthly bainutes af fył dwF ZONE. WE KAUN
Gepostrocs may constfer, At that spalva, ZAKONA
•* þvo or mark to the Homes-ang Ter £}) CARLIN, SAREES
For the Hongkong sad Shangbal Banking Corners
N. J. STABE,
clos
Chief Manage).
THE CHARTERED BANK OF INDIA, AUSTRALIA AND
CHINA..
Incorporated by Royal Charmes (Br
WHADI OFFICR-LASSON FAID UT CAPITAL REMERTA FOUND With hon KEBREVE LIABILITY OF
PROFRIYAWES
POREON ECHANTE and Demra. Mak dualnom tramDOCSIÓ. CCREENT ACCOUISES Opmać zači zOLIO ĠI POHITS received in I pour or scorum periods aist which will be quoted on application."
J. I. Crockatt,
Manager.
Hongkong, 11th April, 2912
THE MERCANTILE BANK OF INDIA, LIMITED.
Head Office '5. Gracechurch Street London.
Authorised Capitai ........£1,500,000 Subscribed
A. J. Perpotte HEAD OFFICE
Faid Up
"
74, Rue Saint-Lazare. PARIS BRANCHES Peking
Shanghai Tien trin Hongkong Hanoi Canton
BASK
Faigen
Haiphong
Yunnanfu Viadi-stock Fonction
IN FRANCE: Societe General pour favoriser le Development du Centmerce de l'Industrie ep Fraser.
IN LONDON: The London County West minister and Parr's Bank Ltd Tae London Joint City and Midland Bank Ltd.
IN NEW YORK; hedmond & Co.,
Correspondents in the Chief Commerefal centres of the world.
TELEGRAPHIC ADDRESS:
CHIBANKIND Interest on furrent, Accounts and Fixed Deposits in Local ( ustency and in Cald. Terms on application.
Every descripting of Banking and Ex- clare business transacted
Special facilities for French exchange.
M. LOUET DE JOURNEL
Mar
HONGKONG BRANCH. Quran's Building,
5 Crater Road,
Tel. 2440
THE BANK OF EAST."ASIA LTD. 司公限有行猋亞東~
Her:! Offca
eserve Fund & Rest...
BANKERS,—
The Bank of Engishe
500,000
7-0,000
785,700
Lendon join! Cite & Midland Bank, Liathek
Bombay
Calend
Calamba
Debi
Bouchong
Clade
Howrah
Kandy
BRANCAES
Port Louis Lixaridas)
Karachi
Rota Xars X.dale Latipar
Preans
Rancou Starchat
Stoga por
• HONGKONG BRANCH bestem tracted
Etery description of Banking and! Euthana
cat por aanam on Daily Baiew, and on Fired Inserent allowed on Currant Aerenite at 9 per Depost at rates which may be ascer:alted on Apiston
C. L. SANDES,
Acting Manager.
THE
YOKOHAMA SPECIE BANK
LIMITED.
Established 1880. Authorised Capital Yen 48,000,000 Paid-up Capital ..... Reserve Fund
+
42,00 000 25.000.000
Head Office.-YOKOHAMA,
Branches
Bombay
und Landan
2 &
Bateria
L'ART
Kvetin
SUNDAYS..
Evelines.
K2 Every 16 min
No. 2. Queen's Road Central,
21:
Paid up Capital
$ 2.000.000.00
Directors.
Kal Yar Kult
NIGHT CARS. ·
As on Wack DETE SPECIAL CARS
מבם מם
By am a tha 'ompany's Omar, Ale tandra Buldings, Des Towar Road JOHN P. HUMPHREYS & FON
Don't Look Shabby I
are
Suits that have lost their shape, and freshness made to look like new by Diamond. By the Diamond process they are thoroughly cleaned or dyed and tailor- pressed and the cost is only a few Dollars. Think what it saves in tailors'. bills to give an old suit again a new lease of life.
The DIAMOND DYEING & DRY CLEANING CO. Agent,
CASSU AHMED
32 & 34 Wellington Street
28 Nathan Road Kowloon
1469
Mr. Pang Wai Thg. Chairman.
مة الالي
Nad Keachwang Nine Yark
Rangoon
Agracte
San Francis
Shanghat STEDET
Siszapore
Sarabara Khimones! Tita
Tekto
Tast
stit
Tlar/carock
Intens alowed on Current 1000 Depoda
Mz. Chow Shop Sur. Hr. 1 Korn Chandived for £sed periods at rates to be cotzia ad an
Vr. Kas Ying Po. Mr Hothing Kong applicati
M7, Chanbing Shek Mr. Wong Yun ToDe
Mr. Chan Kai Ming. Mr. Furg Ping Shan
EISHI ONO, Manster,
Mr. P. K. Kwc. Mr. Ng Chang Luk-Hongkong, 12th September, 1918.
Chief Manager,
Mr Kan Tong Po.
Asst. Manager.
17. Li Treog
Every description of Banking and Exchange
bakices transacted.
Loans granted on approved securities. Laterent allowed on Current Deposit Account at the rate of 2 per cent perangum, and on Fixed Depo-dita at the following rates o
For 3 months at the rate of 3% per annum.
For 6 months at the rate of 4% per annum.
For 12 months at the rate of 5% per annum.
Kan Tong Po
Chi of Manager
THE CHINESE MERCHANTS
·BANK, LTD.,..
司公限有行竉酯薄
•Heat Dyrez
13, Queen's Bond, Central,
Chairman of Bosed of Director
Las Bis Chaser Zag
Gecars Backdog and Kathange budines, traca.cted
Loans parted on approved securities. : Current Accounts opened sod Fized Deposits | Forted as rates which may be ascribed.
· oo application.
•Baring Depart
The Back also conducir á
[17
a
INTERNATIONAL BANKING CORPORATION.
-
HVAD OFFICE NATIONAL CITY BAX BUILDING. 53, Wall Street, New York.
CAPITAL AND SURZLOS........ U.S. $4,500,000.00 UNDIVIDED PROFITS... DS. $3582245.00 H.7.B. Gresa, Prident and Grenoval Manager. LONDON OFFICE:M, Bishopsgate, 1.C.
IVA Shanghai, Thika Hackos SAS PRANCISCO OFFICE: 13%, Montgomery Strmátu.
RABTER BRAKE...
JAPAN
Hoogkong, Canton,
Yokohan Kobe PHILIPPINES, Mende Ceb
Bombay, Calentia, PIRANTS SENTLEMENTS SEMEDOTY DUTCH EAST LD123 Batavia, Berabera
WEST LIDIAR AND CESTRAL, AMERICAN BRANCHESTE
Pansea, Colph, Wedekin, Santo Domingo, den.
•Pedrer de 1 scoris, Bearings. Prezio Fiata. lawdison 1-our own Breacher, by ream of our clors #ation with
he
THE NATIONAL CITY KANE OF KEW YORK ww'uzu able to star the Earties of in beschaf
Burnca Kent, Kamenično, Vijana, Orzemki: Matanzas, Cardenas, Cheskarpon, Buzza le Grande? Mace, Petrogade 1ina Vlasting and
CHINESE-MERCHANTS AND INDIVIDE. #VERY --MODERN'BANKING SERVICE CHINESE DEPOSITURE""
Comercialed Zrgveiers Lett Exchman and Cable Trazals