1916-12-29 — Page 2

INTIMATIONS

THE HONGKONG DAILY PRESS, FRIDAY, DECEMBER 29TH, 1916.

MOUTRIE PIANOS

Represent the biguest degree of perfection in arti-tic construction combined with the embodiment

of forty years' experience.'

GUARANTEED

jor

FIVE YEARS.

CASH OR EASY TERMS,

S. Moutrie&Co., Ltd.

29-6

THE LIVERPOOL AND LONDON AND GLOBE INSURANCE CO., LTD. Established 1896. Incorporated in Great Britain. Total Assets exceed £14,000,000:---

Fire, Life, Marine, Motor Car, Plata Glass, Fidelity Guarantee and Loss of Protifa Insurance.

TOTICE IS HEREBY GIVEN that as from let January, 1917, the Company's Oflies will

HONGKONG SHARE MARKET. TRADE OF HONGKONG FOR making a total for the twelve months

Mosara. Vernon & Smyth, in their weekly share report dated the 2nd December, 1916, state-

Only six days have elapsed since our

1016

A REVIEW

Below we give our customary reviews, laut report ad, owing to the Christmas dealing with the various branches of holidays, there has been only one full trade in Hongkong during the year day's business to report apo Our local market has, naturally, been a very quiet 1910- one and the volume of busings has been PIECE GOODS AND SUNDRIES. infinitesimal. Prices, however; have been

PICCE GOODS. Business throughout the fairly steady, and after the turn of the year a resumption of demand may be year has been restricted on account of the looked for. Shanghai shod a slight delay in getting the supplies aleg improvement in Shanghai Docks and Shanghai Cottons. Singapore market for Deliveries from Home have, in many Rubber shares has scoruly reopened since cases, been very much delayed on account the holidays and we bave no new quota of war conditions. Nevertheless, a cor- tions for shares or for the raw material.

Sterling T.T. is quoted 2/43 Siver is 30). Shanghai T.T. is nominal at about 66. The Bank's buying rate for ads, Bills is nominal. Shanghai T.T. is

102.

Bar

BASKS. Are offering at $25 and prob- ably less would be accepted.

MARINE INBOUNCES retain stagnant and prices are quite nominal: Cantons at $320. Unions at 2000. North China at Tls. 150 and Yangtses ut 5 with exchange at 73.

NOTICE TO Gore ROAD CENTRAL (next to the Hongkong and animal retes quoted in our last.

Bhanghai Banking Corporation).

JOHN DE BLANCASTER, Acting Loal Manager.

Hongkong, 27th December 1916.

POSITIVELY LAST

OF

PERFORMANCE quest at $37.

"KISMET "

A. D. C. PRODUCTION

on behalf of the

the

rej

MINING-Nothing has been done in this market, and prioca are nominal and unaltered

a

equal

Closing prices as compared with those

1916

1015

$112/133. # 90/105

of 1604,033 bags, and showing a rey of 1918 are appended below:-

of 471,086 for the duction

year bags in comparison with 3015, and

off since 1913 falling to 3,572,896 haga. Prices for the year to have fluctuated from $2.00 per bag $3.50 per bag. The stocks held are now estimated c 200,000 bags, with as much more due to arrive in January and Feb-

ruary.

20s

.8135/170... $115/130

COTTON, YARN AND EXCHANGE. Messrs Setua & Co. report as follow- OPIUM.

Nothing wo report in the

current 1910.. Business not transacted.

year

EXCHANGE..

During the current year, exchange ruled firm, and rates showed an advance in the middle of the period; and again began to September, it again revived. decline. Towards the end, that is, foru

KEROSENE

Un account of the marcity of tonnage. and abnormally high freight rates, and the greatly disturbed conditions of the Revolution, the consumption of petroleum entire Southern district of Chins of the and its products decreased about 40 per cent, during the year,

Notwithstanding these conditione, and the fact that freight rates advanced about 900 per cent., the price of kerosene oil has remained about stationary during the year.

METÁL

Peace rumours have affected several of the producing mills, but only for a Old stock was estimated at about 419 There have been some chests of Patna Opium, 219 chests of short time. changes in our sources of supply during Benares Opium, 3271 chests of Mulwa the last two years. Shanghai, which has Opium, and 117 chosts of Persian and been a large milling centre, has increased Turkish Opinm, in all about 1,075) chests. its shipments considerably, and has un-

Arrivals as reported) during the cur loaded its surplus output, but at very

rent year of about 40 chests of Fatns heavy loss to the railts, which have been Opium, 4 chests of Benares Opium, and struggling along with indifferent success.

Japan has entered this market and is 841 chests of Persian and Turkish Opiuma, tain amount of business has been done, making a strong bid for a share in the in all about 691 chests. Exports during the current year to Shanghai, East Coast Bildness. The mills on the Pacific coast, and at ever increasing prices. Greys and which have held this trade for the Inst Ports, Macao, Canton and West Comis Whites remain very dull on account of forty years, have found a more profitable including local consumption, are reported the lack of dyes. In regard to Fanding market in Europe, end they have sold of about 72 chests of Patna Opium, 70- most of their product during the last cheesta of Benares. Opium, 109 chests of Malva Opium, and 734 chests of Persian it is satisfactory to note that the British year to be delivered on the Atlantic sea-

board. Canada has also sold her output and Turkish Ophim, in all about 985. dye companies at Huine have, in many

to Europe Australia, owing to the chests. Stock is estimated at about 386 instances, been able to turn out satisfao Government control of wheat and the chests of Patna Opium, 163 chests of pete in this market, hence its smallOpium, and 24 chests of Persian and tory colours, and importers have received milled product, has been unable to com- Renares Opium, 3181 chests of Malwa samples and hooked orders on cloth dyed showing. Japan has sold considerably Turkish Opium, in all about 781) chests. Owing to the revolutionary outbreak in with British dych. The cash basis of for the first two months in next year, FitE INSURANCES BYG, quite unaltered trading inaugurated in 1915 has worked and, with the control of the railways in the douth and the consequent general dis- Manchuria, she has been able to buy organization, deliveries of Opium sold to Chian Fires are quoted 8165 and Hong-

very well indeed, and it is tu be hoped the wheat crop in Manchurin, take it to the Chinese Authorities ceased since kong Fires $375, both nomiral.

BurPING. Sales of Douglases have been that the day is very long distant when Japan, mill it, and compete for the flour March. A deadlock has thus been created.

trade of Hongkong and the Straits Set- made at 8118, and closing quotation is the trade will have to resort again to tlements. The wheat grows in Man- $118 nominal.. Indo-China Deferred

grown around Shanghai, and even better have been little dealt in, and beyond a the obnoxious long credit system, for the churia is of better quality than that few sales for March at 9144 and $143, introduction of which we had to thank than that produced in Japan, and with there is little to report. Cash price is

out a fair quality of flour. There is no $138 nominal. Steamboate are rather our German rivals. The Chinese have modern mills it has been possible to turn better and are wanted at $20 cash. Stor taken to the new conditions in a most doubt that in time Manchuria will pro Ferries have sellers at $38,

satisfactory manor, and have shown their dicen sufficient wheat to make itself felt in the world's market. What is required OILS.No business is reported and capability to rise to the occasion. During to bring this about is a change of seed,

unchanged from

the latter part of the year the continually farming with modern implements on large quotations are

machinery in place of reaping with the REFINERIES.-This has been a quiet maradvancing exchange enabled certain busi-farma and harvesting and threshing by ket, but a few China, Sugars have changed ness to be booked which otherwise would hand sickle and threshing with the fail hands at $129 and 128 for cash, at which have boon beyond the reach of the pockets or even by hand over a wooden bar and, at times, with the assistance of the they close steady, Malabons are in of the natives, for generally, when high buffalo picking up the grain mixed exchange is ruling; it has a tendency to with the soil and transporting in this condition to the mills, where it has to undergo a process of cleaning and wash restrict business all round.

no good The liquidation of enemy firms draggeding before milling. There is

reason why the wheat grown in Man-

As foreshadowed in last year's report Docks, WRARVES AND GODDWys. Busi ness has been done in Hongkong and on throughout the year, but we can say churia should not be brought up to the Whampoa Docks at $130 and $129 and now that they are practically finished, ahme standard as Canadian wheat. No all metals continued in strong demand doubt for their own beneût the Japanese throughout the year with occasional market closes steady at the latter rate and there are no bulk goods held by the will make an effort to improve the confuetations in the enquiry from Japan, Kowloon Godowns have come to busines at 8851, and further shares are wanted liquidators. There were no foods or ditions. If the Government of China, which, however, always leit priocs higher Blso, would place their large tracts of in the end. For Tin Plates the demand at 386. Shanghai Docks have improved typhoons during the year, and a really wheat land under European supervision, has been exceptionally strong, but on the to 800 nominal.

LANDE, HOTELS, AND BUILDINGS.No good trade might have been expected, but on something of the same lines as their other hand business in Wire Nails has been

Salt Gabelle, it would be only a few sales are reported and market cloace with ou many adverse conditions, such as high years before enormous returns could be overdone, and the year closes with large sellers of Central Estates at 8101, Hong-

The Tin Plate market was upheld by s kong Hotels at $115, Kowloon Lands at prices, late deliveries, shortage of money, produced. The first outlay would not be stocks on hand and little or no enquiries,

& serious matter for seed, implements. $35 and West Points at 884, Humphreys the native shortage of silver and the

and the European staff required to teach good enquiry frum Japan and the traits, are wanted at $6.80. Lands are nominal banknote question have militated against the natives how to handle the machinery.but for Wire Nails and Bars there was little enquiry from these directions, while INDIAN COTTON YARN.

business in the interior of China was COTTON MILLS.-Shanghai Cottons or this. Needless to say, also, during the

Messrs. Polisliwälla & Kotwall re entirely suspended for the best part of rather stronger at #117. Evos ar period of trouble in Canton nothing was

the year by political risings and distur- In our review for 1916, we drew attenbances. Business in both Tin Plates and Bales of Kung Yike have been made, ut done, and at the present moment the port:--

water is so low on the upper reaches of tion to the steady shrinkage of Indian Wire Nails also suffered from the effects $141.

MIRCELIANBODE Cements have peer the rivers that it is difficult to move cargo yarn imports into Chins, which had been of over speculation, many small dealers in progressively decreasing year by year. these staples eventually failed to meet. done in small quantities at $12, about.

Wo and that in the course of the past their obligations. shares are now on offer at $11.95. Foi SUNDRIES.-Known generally as ward business in these shares has foamuck and truck trade, in which people year no less an authority than the Chair. restricted to a fow sales for Mach deal in anything from a needle to, per-man of the Bank of Bombay took occasion China Providents have buyers at 8.80 chance, a white clephant, it can be said to spend a note of warning upon the same after sales at 88.90. China Lights culd at once that the Japanese have made subject

In addressing the shareholders at the be placed at 34, and Ropes at 4 great strides in supplying articles which Hongkong Tramways have been don at $6.95 cash and $7.25 for March. Wagons were formerly procured from Germany, are wanted at $82, `aud Powells at and the United States have also been call chairman made the following statement:mainly in the hands of Japanese firms. Electrics are quoted 55, and Diry It is unfortunate that the British markets Peak Tramways are nominal at 10.ed upon to supply wants of this nature. have been too busy making munitions to Farma at $251, both nominal.

M-Noxt Settlement Day. an- pay any great attention to this branch of business. On the other hand, consider uary 20th, 1917.

ing the abortage of labour at Home, and of the labour trouble in one or two cases, they have made very good attempts, and will be heeded, and what steps the in America are said to be booked up with YARN MARKET.

there is so doubt that after the war they millowners in India will take to remedy will again enjoy their fair share of this this alarming shrinkage in their hitherto the utmost difficulty that orders can be- Meesra. Polishwalla & Kotwall, enton trade. Also, native-made articles have best market, China. and yarn brokers, of Hongkong, in thir boen making good headway, and there have been constant inquiries for raw report December 28th state:-

materials and machinery for working Our last report was issued on the ith them up into finished products; and as instant, since when the unexpected as everyone at Home and in the United happened. The peace talk" has ruely States have been very busy, they have shaken the cotton markets of the wold, not been able to supply much in this occasioning a slump of no less tan direction..

Naturly twenty per cent, in values.

The Imports and Exports department onough, this has topsy-turveyed the rn has provided much extra work in regard market at Bombay, and already spinrrs to permits, and this has been sorely felt have climbed down some Rs. 20 per ale by fires in Hongkong with depleted staffs, from the highest point touched wit a

It is to be hoped that after the war keen disposition to all but without met the present system will be simplified, ing with any response.

and that business houses will be able to This uncomfortable feeling has reft furnish monthly returns instead of having ed itself on this market, although hot to send backwards and forwards daily In the early part of May, however, to the fullest extent; and the anus between the Harbour Office and their the sudden slump in silver, coupled with haste on the part of holders to unpad place of business in Hongkong. The come slight demand from the consuming has led to the demoralisation of the aristatistics and figures collected by this delistricts, put a little life into the market, ket. which has suffered a decline of 85 to 87. Dealers have got stuck with gh-partment will no doubt be of great value This recovery, however, was to prove but priced contracts and have ceased intestin future years, but it would be a great a flash in the pan, ay, just then, the convenience to local traders if the sugges various political factions in and around In the circumstation made above were put into effect.

Canton began to ing themselves.

assert themselves, business has again been of a disappint-

WOOLLENS.-Prices have been on too pointing to unmistakable signs of im ing nature, the aggregate of sales ding the fortnight harely coming up to 1000 high a level all the year to permit of much pending disturbances, and the dealers business being done. Most of the mills were in consequence at once notified to bales.

suspend all shipments to Kwangtung. The market closes very quiet an ouat Home have been employed exclusively what really saved this market from

on the making of Army cloth and other the weak side, and, in view of thap- proaching Chinese New Year, we not war material, which, in the woollens look forward to business of any gni- trade seems to have resulted in panie prices and an abnormally high level is comparison with cotton goods.:

STAR AND GARTER FUND for Soldiers and Sailors totally disabled in the War. By special request there will be another performance o SATURDAY, 30TH DECEMBER, nominal at 6155, and Yangiszepoos, 15

PM. SHARP.

AT 7:30 PM.

PRICES AS USUAL.

A recherche supper at $2 per head will be served after the perform in the HONGKONG HOTEL GRILL BOom frem 10.45 r.M., the proceede of which will to devoted to the "STAR AND GARTER" FUND.

DRYGIN

-DISTĮSAKET.

GORDON'S GINS

ARE THE

BEST.

INSIST ON HAVING GORDON'S. SOLE AGENTS IN HONGKONG. AND SOUTH CHINA:

DONNELLY & WHYTE. Telephone 638.

THE NEW

(1108

TAB TIE

THE ONLY PERFECT DRESS TIE.

Fastens securely on to the collar stud, facilitates tyług and cannot get out of place.

Stocked in Black Silk and White Pique in three shapes, and all sizes from 14 to 174 Inches.

MACKINTOSH

& CO., LTD.,

MEN'S WEAR SPECIALISTS,

18. DES VŒUX ROAD.

ON BALE,

TONGKONG HANSARD REPORTE

the

ПОХА

LEGISLATIVE

Faton, 1915.

MEETINGS of for COUNCIL

BEVIND EX TRE

PRICE

DAVEY PERS. ÖFFICE,

the

TELEPHONE 29.

[1597

FORTHCOMING EVENTS.

TO-DAY

5.30 p.m.-Christian Science by Clarence W. Chadwick, C.B.B., a the Theatre Royal

TO-MOEROW

7.30 p.--Final Performance of "Kismet'

in aid of "Star and Garter" Fund

Monday, 1st Jez:---

New Year-Pabllo Holiday.

at $95.

tude

FLOUR.

the

Sales during the fortnight only adjunt to 1,000 balcs. Unsold and undelited, 38,000 bales.

The year drawing to a close has not ARRIVALS. The extra steamer Mor,been a favourable one for the dealers in Bombay Maru, Indo Moru, and Syen flout. High prices mean that the masses Maru from Bombay have brong in in China have to be satisfied with the 16,121 bales for Hongkong and 2,000les cheaper native products. The effects of for Shanghai, Shipments from ag- the war have not increased their earning kong to Shanghai and coast ports,000 capacity, hence with the advance of 50 per cent on flour, their demands are easily bales,

satisfied. The following table, covering the last five years, will show the ductaa tions in imports:→

SHANGHAI advises 1,500 bales asort nightly sales with a quiet and draing market.

1912,

1913.

Sat in

1014,

1815,.

JAPANESE YARNs have likewise tha weak and declining market. clude:-700 bales Yellow Josa, No. $155 $181; 200 bales Nagasaki, Nos at $182-$172. Quotations for the folking

·IDIO,

5,694,554..bags.

5.176,623..... 39 3,939,754.. .2,075,129... ...1,604,033...

31

39

The receipts for this year were made

are a under-Betau. No. 109 at130; up as follows:

3 Horses, No. 16 at 8100; Setsu. 20 From The United States, .975,771 bags. at $180.

From Canada.

RAW COTTON.No sales. Quotatis-From Australia, Bengal, $25-$20, Chinese, #283 per From Shanghai,

From Japan, picul

..107.602

61,100

**

377,800

83,700

Mild Steel Sheets, Hoop Steel and Galvanised Wire show only a moderate turnover, but the little, that was done was at excellent prices.

Yellow Metal Sheathing, nominal at sanual meeting of the Bank, the throughout the year, the business being. **Exports of Indian. Yarns to China are Bamboo Stol has been in fair demand, the wane, and our goods are steadily but the quality required for this market being supplanted by indigenous and

Was unobtainable. Japanese makes. In 1905 we exported 951,870 bates against 396,777 in 1915. This year, owing to scarcity of freight, shipments will be still smaller."-It re mains to be seen whether this warning

Old Metals, scrap, etc., are almost an-- obtainable.

Structural Steel and Shipbuilding: Materials are badly wanted, but the mills orders for one year ahead, and it is with-

placed. As for the coming year the Arrivals during this year amounted to freight question becomes more and more 128,850 bales. Sales aggregated 141,800 acute as tonnage is withdrawn by the bales, which constitute an increase on Government at Home, and this, coupled last year, partially due to Japanese milla with the congestion at the mills, seems being well engaged in other fields under likely to bring about a famina in these the exceptional circumstances prevailing materials as well as in metals generally, Doubtless this lessened competition from in the near future. Japan is only temporary.

HONG KONG POLICE RESERVE.

BE-ISSUE OF RIFLES,

In making a survey of the past twelvo months, it is gratifying to record that both importers and dealers alike have been able to achieve eminently satisfac tory results. During the earlier part of the year the dealers had to contend with No. 1 Platoon will draw Rifles on Tues violent fluctuations in exchange, which day, January 2nd, between the hours. made it unsafe for them to operate on of 5.15 and 8 p.m. any extended scale.

mand from Yumaa, which provinco utter collapse at this time was the de- cleared off quite a good slice of our stacks during June Matters continued to drift in this fashion until well on towards the third quarter of the year. In the mean- time, cotton was soaring upwards, while cable advices were daily reaching Hong- kong that Bombay exporters were mak-

large and heary purchases: Never theless, the dealers remained immovable, and it was not until October, when they felt assured that some order had been evolved out of the prevailing political chaos in Canton, that they shook off their lethargy and entered the market in real earnest. And this proved to be their salvation, as it was not many weeks thereafter that the price of cotton touched the highest point of the year, viz., 12-50, when it would have been too hate for the local buyers to derive any benefit from the unprecedented advance of American Cotton. As we have said, both importers and dealers should show substantial balances on the credit side on the year's trade results, the price of cotton, the controlling factor, having reached a higher point than that touched during the American Civil War.

BECRUITA.

Recruits and others warned by their respective Unit Commanders will at- tend at Central Station, at 5.30 p.m., on each Monday and Wednesday during January (January 1st cepted)."

MAXIM GUNNERS.

ex-

Will attend for Instruction at Central on Tuesdays, January 2nd, 9th, 16th, and 23rd, and on Monday, January 29th, at 5.30 p...

AMBULANCE PLATOON."

on each Thursday during January, Will parads at Central for Squad Drill

at 5.30 p.m.

BAND PRACTICES,

Wednesday, January 3rd: Tuesday,

January, 9th Monday, January

January 18th 15th: Thursday, Wednesday, January 24th and Tues day, January 30th. Practices will commence at 6 p.m. Mem-

bers are referred to Orders of Decem bor 23rd to 24th.

DEFAULTERS DRILL

Members awarded D.D. will parado at

on

Central Station, at 4.30 p.m. Saturday next, December 30th. Staff Inspector Clarke will take charge.

NO. 2 PLATOON,

All ranks, except those on duty, will parade under the 0.0. Platoon outside the Jockey Club Stables, Causeway Bay, on Friday, December 29th. Fall in at 6.30 p.m. Uniform, caps, and covers, and rifles.

CHINA NEW YEAR, BU

The members of No. 1 Section will take over the patrol dating of Nos, 3 and 4 Companies on January 23rd,

(Bed) F. 0.: JENKIN,

D. & P. (R).