1921-05-25 — Page 2

Page

LAMMERT BROS.

AUCTIONERES, APPRAISERS AND SURVETORS. „Public Auctions-

FARES FOR PUBLIC

VEHICLES.

CHAIRS.

1.

1.-Ia Vivia, will two Beavers.

Quarter host.

Una bour.

Six bouts, sebbenters.

Day (6 to 5 )

Three hours umwermen

O

10 cents

ה

$1.00

If the trip is extended beyond Victoria,

half face extrs.

Between the boars of 8.30 pm, and S am, the above fares shall be increased by 50 per centum

II-Beyond Victoria, with four Bearers.

Bour.

Three Loers......

Six hours,

0.60 cents.

Day (8am to 5pm.). 200

III.--In the Hill District.

Two hours.

Charter hour)13

with # Bearers. Fish & Ecarers.

**0.3)

Ha hoary (2) ||

0.43

One ber

1.8)

th

- Three hours,

0.*:

107

fir hours,.............. 10)

1.3

Day (6 am to 5put)120

RICKSHAS

1-In the Island of Hongkong, it engaged

in Victoria

Quarter hour, coper

Toa mioctes,

Fall botto

Can bour,

5 cents

13. ...2)

Erary Subsequent hour, «merizon

Note: If the riekočo be cust thin the City of Victoria, and be dis- charged outside the Western part of the City of Victoris after 9 p.m... or be dis charged to the East of Bay View Police Sestion on the Eastern side of the City of Victoria after 9 pm an extra half faro shall be chargeable.

11-In Kowloom.

Qcarter hour, som

· Half hour, --

Her,

Every subsequent hour,

III-Taipo Road.

INTIMATIONS

YOU CANNOT AFFORD TO

BE WITHOUT THEM,

JUST received a large Consignment of (1) LACTOGEN the most digestivo food for Infants which keeps good in quality during Rot weather (2) LAC LOSE (Milk Sugar) for sweetening the

foods al Infants, and Dyspeption (9) MILFORD MCGRATH FLUID INSEO- TICIDE the Best Fluid for destroying Flees, Mosquitoes, Bags, Flies and all- other Insect Pests in Summer days, and JOHN CAHILL'S GOLDEN (4) FLEECE, MAGIC and CINDERELLA SOAPS for keeping everything clean in Houses

PRICES are Very Moderate." Ins- pection and Exquiries are cordially farited

SHIU FUNG TAI & CO.,

Sole Aginta for Hangkong and Serth Chies

DE CRIA CORM=gbt;Bmd"Central, Bugtong-

Tuliphons Fox 189.

理化泰豐

Just Received

Nice Assortment of

FINE ART

PICTORIAL POST CARDS

Types of Beauties, Chidren,

" $

at 75 cents per dozen.

GRACA & 00, Dealers in Fort Cards, "Postage Stamps, Garden Seeds, Tops, &c.

No. 10, Wyndham Street, r. O. Box $20.

Hongkong.

JAPANESE MAKERS.

Every kind of Footwear.

THE CHINA MAIL.:

WEDNESDAY, MAY 25,

»NOTICES.

G. FALCONER & CO., LTD

WATCHMAKERS JEWELLERS.

Hotel Mansions.

Agents for:-ADMIRALTY CHARTS,

"ROSS'S. BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, BENSON'S ENGLISH WATCHES,

ENGLISH SILVERWARE, direct from Manufacturers, High Class English Jawallery,

MEDIUM STRENGTH

CAPSTAN

Navy Cut Cigarettes

10 CIGARETTES &MOUTHPIECES.

CAPSTA

Navy

Cut

Cigarettes WD&H.O.WILLS

London

“CAPSTAN”

Navy Cut Cigarettes

MAGNUM SIZE.

HOW MAKE YOUR CLOTHES LOOK NEW! SEND THEM TO US

TODE

DRY

CLEAKED..

ALFRED HARDY & CO.

DISS BROS

agens

NEW MUSIC

IMPORTED BY

THE NAMSEN 00.

New and most popular Song Hits over 200 Diferent Titles.

THE CHINA DRAWN WORK CO.

(YUEN CHEONG)

40, Queen's Road Central and

Old Post Office Building-

PHOTO SUPPLIES,

LONG HING & CO., Foda and Kodak Plans, &C. z.

DEVELOPING & FRINTING A SPECIALITY.

No. 17, Quxxx'S BOLD CEVERAL, HOTULONG.

FOR SALE AT:-

MADE TO ORDER.

THE CIGARETTE FOR

THE CONNOISSEUR

5 cents

15 **

10

SOLD BY

ALL

TOBACCONISTS.

Twenty cents shall be adhied

for each extra bot or part of an hour if the hirer calises the journey to take longer

than +-

o4ith mile

single

cents....1-hour. return $1.03 hours.

Beyond 4th to 8th mile-

ingle 190 hours return $1.50-£

Borond 8th to 9th mile-

single$1.75. ratura.....2.00

Beyond 9th to 11th mile-

single

cuture.

$2.00 $2.50

-7

Fares for journeys beyond the 11th se to be a matter of previous arrange-

ement in each case.

The fares here set out to apply to que wiksha with three coolies from Taž Sha Taxi

2

MARTIN'S

APIOLSSTHET

AF002ady forats Drvogskartama. "When of Ludhia umya konje a beat_st alan, sẽ by trvarslarity, at the SycNIN A Chubby but may be adulálatunk. Deus va

PRE HALAL Omán tað Sinai nebi se pw, Choch, Sonikimptom. Eng.

MARTIN'S

APIOL & STEEL PILLS

THE " CHINA MALL,'S

NOTICE.

their

Commmunications relating to news should Se vådrumsod, to Tux Boczna,

Correspondenta must forward space and addromes with any commatics- on addressed to the Editor, not necessarily for publication buż na wvidence of good

All matter for publication abould be "wrzītkeş, cz ona sïke of the paper only. »

Lekterm relating to business should be alldrummed to TEZ MÁSÁGER.

Rata of subscription të “China Mall” Ja $30 per santa ; per quarter and per meni MOM PRO TATA

Ünders for extra coples of the "ChemA *Mam' should be sent no soon se possibile a

the supply is limited. Cash 10 ets, Cradit

cha, per

= copy.

The China_ball" is delivered free ni jonöweribers in Hongkong and Kowloon

Poties is Chugað að the rise of Bity

per month

Keto of sabotription to the “Oreland Shina Mail" ' $17 per santin: postage 31 per annum asica, Bingle copy twenty. „dies centa cach,

Alterations and náðizziema No kāverīša amenta ou Pages 2, 5, 6, 7, 8 mid 9 should.

2 sent to the Offs, Nec 5; Wyndham

fitcast, not later thar 11:20 %, me

tem Athaudlenas and adition 10: Adta

owenta on pages 1,4, 5 and 10 show & DE weź me mot Istor Lhaw 2 pɛ.mu

mer Advertisements abouhi be weak to Selors 3 p,ma

üdvertisesserts and Bubteription which are not cedaráð, fr ́s frend patinal, will be azzational until sousta mándék.

CHERRY & CO.,

PEDDER STREM, Opposita Hongkong Hotel

Telephone No. 49%

Hongkong, March 30, 1914

TANG YUK, DESTBE Succence to. the late SIEN TING, 14, D'Aguilar Street.

TERMS VERY MODERATE

COSYLATIOS Fox

THR_NEW FRENCH REMEDT.

THERAPION NO.1 THERAPION N12 THERAPION N0.3

Man tar sind der Outarch. Mo. 2 for Llout & 'SEDE DESPAIRES 16, 3 kar ChrAKSO WELTRONE PRICE DE ENGLAND.NL.

SÄRKID WORD "THENATION' 26 DE BEZ GOTT-BTANT ÁTSZEN ZU KENCING PAGEETS

ASAHI BEER

PILSENER BEER

GRAND PRIZ

ASANI BE

LAGER

EWERY COM

SOLE AGENTS:

THE CHINA MAIL!

MITSUI BURSAM· LUISHI

This Advertisement is issued by British-American Tobacco Co. (China) Ltd

LONDON SILVER MARKET. own high standing and the confidence

WAYS DESCRIBED

HOW THE PRICE IS FIXED.

AN AMERICAN APPRECIATION.

19

The following article, taken from American Commerce Reports, has been compiled by Mr. Robert P. Skinner, U. S. Consul-General in

London.

The London silver market is the greatest in the world. Its importance is so firmly established as to have given rise to the impression that the brokers by whom the daily charges are recorded operate under a patent from the Crown, all others being pro hibited from participating in these

transactions.

azising from methods and practices adopted to protect the interests of buyer and seller alike:

*FINING*

THE PRICE OF SILVER., What is called "fixing" the price. of silver is a London operation which controls the price of the material

FACTORS AFFECTING DAILY.

QUOTATIONE

From a very high authority in the London financial world the writer has obtained some further interesting details about the technique of the business:

ca commission;

"The statement you quote that the brokers meet daily to fix between in several important financial themselves the price for which they centres throughout the world. The will buy and sell for that day, is official quotations are cabled abroad not quite accurate. The fact is that by each of the four firms named to the brokers do not buy and sell; the their foreign clients. The great bulk brokers broka of the daily business transacted is based upon the price, which is deter mined by 1.45 pm. every day in the week (on Saturday the hour is 11.45 a.m.), when the representatives of the respective firms meet at the office of one of their number.

their clients buy and sell. Their clients are chiefly exchange tanks interested in many parts of the world, but so far as silver is concerned chiefy

in India and China.

"China and India have each of them a rate of exchange on England. to disclose the excess of his own posi-daily, and each rate of exchange has Each of the four brokers is permitted These rates of exchange vary almost tion as a buyer or seller at a given sa equivalent in silver bullion. For price while preserving the anonymity example, if the rate of exchange in The suggestion is made that there while one of the fans may do an silver bullion is worth a very high of his client. It will thus be seen that Shanghai is s. per Chinese tael, is no actual open market either in London or in New York for trading in the difference between purchases and bd, the price that they will pay for enormous business on any one day, figure per ounce; if exchange is 4. silver, that is to say, "there is no sales may be extremely small; and silver bullion is only half the former competitive bidding among brokers and no market place open to all firms it will be seen that while the have been current within. the last 12 carrying this idea through the four price. Both these rates of exchange interested, and, further, there are no total volume of trade may be very opening and closing quotations." The

main suggestion that the London mous the amount changing hands silver market is in the hands of four between the four concerns may be

trifling. particular concerns is undoubtedly) --DETAILS OF THE METHODS

EMPLOYED.

true, but it is not a fact that this practical monopoly has been legalized by the Government in any manner, In a very interesting work entitled and there is no reason in law why"Silver, its history and romance," anyone who wishes to do so should by Berjamin White, the following not set up as a broker iesilver in paragraphs on the price-fixing method London if he can find clients willing appear: to employ tis service.

FIEMS OF OLD STANDING.

months, hence the wide fluctuation

in the price of silver without the slightest manipulation on the part of

the brokers. The banks know what rates for silver will pay them and what will not pay them, and they givā their orders accordingly; that is, usually with limits say Bay [or sell on our account 100,000 ounces to-day at 42d., or perhaps a fraction higher, but not above 421d. (

The method of fixing the price Indian rates of exchange on London The fact is that the China and is very imple. The first step is For several generations four firms usually to ascertain if there is occasion fact that the London market do

dominate the silver market, hence the have formed the London silver market, to alter the price of the day before.minates the American price of silver. namely, Mocsits & Goldsmid, Sharpe supplies prove insufficient to satisfy Now, it the London price is 500, and & Wilkins, Pixley & Abell, and buying orders higher prices are sug the rate of exchange on New York is Samuel biontagu & Co...

gested until the offerings balance the

the

Mocatta & Goldsmid started basi-demand Should offerings at the $4.86, the market price is a very ness in 1695 as ballion brokers on preceding day's price exceed the different figure if the rate of exchange behalf of the Bank of England, and amount of buying orders, the price moves to $3.50 per English pound. had their office in the present Bank is lowered until equipoise is obtained. This provides you with two variables of England. They were practically Usually a number of orders at different first, the Chinese or Indian rate on the ballon department of the bank, limits have been left in hand by England and then the London rate and bullion in those days represented clients, to boy or sell; with the assist coin, baz being seldom seen. After ance of these orders the price can be adjusted to a nicety By this method about 125 years of this mopopolys

scale is large constituent of the firm started of firing the quotation. ons of the firm's clerks in business evenly held between the buyer and outside the Bank of England; this the seller for whom the brokers act responsible brokers. Silver is a com: nadertaking developed into the firm As a rule, two prices are agreed of Sharpe & Wilkins. At a later date upon at 6xing, one for a cash de Pixley & Abell appeared in the same livery, which implies delivery within busness, and more recently, some seven days at the option of the seller where about 30 or 36 years ago, Samuel and the other for delivery in two

agu & Co. began to include mouths me; that is to say, exactl hallon fransactions along with the after two calendar months interral etails of their banking business, A period of two months is selected

bersusa is in Loind the 125st dony unten interval at which smelters can un

is said on behalf of these four take to deliver the silver which they firms that the position is due to their have purchased in the form of ore

on New York, and all the mysteries of variations in the price of silver Corne down to these two factors, so that the mysteries are simplicity selling by responsible banks through itself. They are simply buying and

modity and travels up and down in response to supply and demand and cannot be made to follow the wishes of producers any more than wheat.or cotton can be kept within certain bounds,

HÖN TRÓN” OTHER MARKETS,

competitio

markets this

HOTELS AND CAFES.

THE HONGKONG HOTEL CO., LTD.

OFERATING :--

THE HONGKONG HOTEL,

HOTEL MANSIONS,

THE REPULSE BAY HOTEL,

AND THE

HONGKONG HOTEL GARAGE,

J. H. TAGGART,

MANAGER

THE PEAK HOTEL.

1,500 Feet above Sea Level.

15 Minutes from Landing Stage. Under the Management of—

Mrg, BLAIR,

(Two minutes from Star Ferry).

PALACE HOTEL

KOWLOON

Recently renovated and refurnished, sleetris light and fans throughout and entirely under Bay management. Cuisine under the personal supervision of the proprietor, Bar and Billard Room, Tarma moderais. Spacial. Larres-de famides on application to

Telephone K. 3. Talographic Add.; "PALLOK" -

7. EL OXERREY, Fropriate.

HOTEL "ASIA"

WEST BUND, CANTON.

Leading Hotel in South China,

First class Accommodation. Electric Lights, Fans and Elevators. Roof Garden. Hairdressing Saloon,

Splendid Views of City

Excellent Cuisine:

and

Pearl River

Moderate Rates:

Under the Management of the SUN OO,, LTD. CANTON

KINGS EDWARD HOTELA

*IL BEROPELO TRAMS Pani Entramos, Mae-

FRENCH LESSONS

: