1916-10-11 — Page 10

•

COMMERCIAL.

Antimony Stockća. in: Japan

The antimony market in Oakka

had been vary setive since the

PROBLEM OF THE KHINEGOLD.

beginning of the war, owing to How It Conceros Great Britala.

incrissed femands from Russia and the “United Bisten. The highest quotation so far was Ton

THE HONGKONG -

to the rescue.,.

PEGRAPH,

ONESDAY, OCTOBER 11, 1916.

natural dependency, is given back were being demonstrated in vari» to Frazon. For even then Gerous parts of the country, and it many's position remains a threat-has been found desirable and ening one unless England comes indeed necessary, such kas beca the ancorns of the movement, to have an organ not only for the League itself, but for the expres ion of sur ideas and principles to those who are not membara of the League.

France's Need of Coal....

man.

HONGKONG SHARE REPORT-

B-BELLERS; BA-BALES; B-BUYERS; N-NOMINAL.

OFFICIAL PRICES.

BANKS,

Cantons:

Raubs Tronohs

יו י

SHIPPING.

Roughly speaking, the position will be thir. Already belate the Writing in the Oberroer, war France suffered from a short 84 par 100 kin, or about five Philippe Millet says:--- age of coml and was importing 21]

"We are out to make a fresh times the normal price. This Paris, August 18-There is a million tons ont of 62. Now, figure was quoted at the begin- problem of the Rhinegold, and the the coal output of the Sarre Labour party. We are perfectly Bankı ning of the year. Sinos then French industrial world has given fielde would make up for loyal to them. But the only MARINE INSURANCES. demands from the two coun- it a good deal of thought since the that deficiency did not the mere association of any numbers which tries mentioned have almost en-beginning of the war. It has been contiguity of German Lorraine is a propagandist socisty affiliated North Chinas tirely stopped, principally owing disened for several months in to the present French iron depos to the Labour party is the LLP, Unions to increased output in the United the French reviews and daily its increase the future needs in and the LLP. is doing nothing Yangtazes Staten. It is said that at present papers. A member of the French coal of the French industry to selse but preach little Englandiam there are no bayers unless the Chamber, who is also a distin very high figure, which, accord- and 'perish the country. We are price is less than 20. The guished economist, M. Fernand ing to the best experts, would not more Tory then we were be H. K. Fires decline is believed to be a very Engerend, has devoted to it, lesve new deficiency of 36 fore but this war has been erious blow to bolders of stocks under the title "L'Allemagne et le million tons. If the general revolation. which are estimated at 2,000 tons | Far,” a remarkable book. Queerly conditions of shipping and rail- "The British Citinen, then, will | Douglases in Onks. The Jiji calculates enough,the British public does not way freights which obtained be stand for Labour in its broadest Steamboats

Tudos (Pref.) shut the four of holders amounts seem to have realised yet that this fore the war are not altered almost and most-national aspects. It will indos (Def.) sbout F30 per 100 kin, or about problem concerns Great Britain the whole of this extra supply be first and, above all, patriotic. Shella T.1,300,000 for the 2,000 tons.

rently as much as France. I will have to be got from Germsas. It will be not only national, but Ferries Metals and Machinery in Japan. even beliere very few thinking for it will be impossible for it will also be the organ of the

His Majesty's Consul General

Sugars at Kobe (Mt. E. G. E. Forster) Englishmen are aware that auch British coal to compete in Lorrains greatly reinforced Empire move-

a problem exists at all.

with Westphaliso coal.

ment amongst the workers. We reports that one result of the waY

The question of Alsaoc-Lorraine This would lead to an obvious cannot ignore the Empire after Malabons. will be to stimulate the industries has two sides. From the point of danger. Of course, France would the magnificent example shown us of Omks, the main part of whose view of sentiment is is entirely a be in position to deprive Germany by the self-governing Dominions Kailans foreign trade is done by Kobe. French question. I need not of bar iron supply in case of an sending hundreds of thousands Langkats Industries which were being

that mphasise

the whole other impending war. But from of the bent of their

to fight in Europe: Urals slowly worked up against the

of the Bation, including a mere industrial point of view hood competition of the imported the Socialists, is unanimous in its such a state of things would com- the cause of the old country and articles have suddenly been given will to reconquer the two pro-pletely tie French metallurgy to of civilisation. And we want to free field. As to the effect on Tizoos which were stolen in 1871 German metallargs. It would say and to emphasise that the British trade it is difficult to and have since then remain- make French industry as a whole British Empire is either democrs. speak, and it in rather's question French at heart,

more or less dependent upon the tia or it is nothing. The British of how much of the old trade

But there is also an industrial goodwill of the Germans. The Empire can never become an -ig machinery and metals, aids of the question. That part Rhinegold would work against the autocratic, militarist Empire anch for instance can be maintained. of Lorraine which Germany cap economic alliance of France and as the greas Central Empires it Ae regarde zustain conditions tured in 1871 contains the largest England. Besides, Great Britain is combatting; and therefore if have so entirely changed owing to deposits of iron ore in Central would have no say in the most there in any future for the Empire Land invest. the war that little reference to the Europe. The little valley of the vital question of Central Europe and without it there can be no H'phreys Est. earlier situation is needed, and

Sarre, which spreads ont on the question which concerns her great fatore for the Anglo-Celtic ioon Lands there is little to be said about northern border of Lorraine, is falare welfare, and which already people it must spring from the Shai Lands British trade anberquent to the an important coal field. Such in has cause, more or less directly, democracy. war, except that the difficulty of the treasure which Nstore has so many of her sone to lay down

"There ie another festare of obtaining supplies precludes ominously placed at the doors of their lives.

scarcely less important with any business, except in few the Prussian Nibelang.

which the Brilshi Citizen will be liner. Since war broke out sup-

It is only by keeping this fact It is not for a laymen to say plies have become impossible wall in view that history, past and what can be done in order to from the European continent, and

recent, becomes quite clear. The solve such a technical problem as more snd фоте restricted whole of the treasure was French this. The best thing he can do from the United Kingdom, trade in 1814. A year after, at the to point out the difficulties and tending to be monopolised by the Vienna Congress of 1815, Praesik, zek all far-seeing Englishmen to United States. La pig-iron the availed herself of Napoleon's think about the best way of weet Import of Cleveland iron had al-second downfull to lay her hande ing them. ready been affected by importe on the Sarre valley. Then came of Indian pig and "the the war of 1870-71. This time point which, I think, no English-house divided against itself can Ropes opening of the Hangyang mines. Prussis took hold of what she man will dispate. When peace not stand, and although it may Steel Foundries D

thought was the whole of the comes Great Britain must insist be 100 optimistic, yet we still Trams, Low Level's. industrial wealth of Lorraine. that the Rhine should be made believe that this new spirit will Trams, Peak, old b. She would have seked for Briey an international waterway, with

In pistes and sheets the activity of shipbuilding garde has reader

ed the depression less in this than

in other lines. The trade in

way, he result of the

in

The Way Out.

is

·BANKS.

BANK OF GANTON"

AA LIMITED, EAS

BANKS

HONGKONG & SHANGHAI

BANKING CORPORA

TION.

HEAD OFFICE HONGKONG Paid-up Capital .........$15,000,000

FOREIGN EXCHANGE" and General Banking Business Trans- noted.

CURRENT ACCOUNTS open- ed and FIXED DEPOSITS "Re- ceived.

INTEREST ON FIXED

DEPOSITS:

"For 3 Months 3% per annum

For 6 Months 4% per annum For 12 Months 41% per annum

LOOK POON SHAN,

Chief Manager.

NOTICE

NOTICE.

PEAK TRAMWAY JO

LIMITED

TIME TABLE. “

WEEK DAYS:

1.00 10 -Lod Event 19 Min Locak, 10.00 AJL

TO MIN.

134 pm and 1 PMĄ 150 TANI VE

RESERVE FUNDS:

- Sterling.

£1,500,000 at 21.

**➡$15,000,000

Silver $18,000,000

Reserve Liability of

Proprietors.

$33,000,000

$15,000.003

COURT OF DIRECTORS.

W. Zarandan, Zag Chalm

*. 3. Dodwall, Big-Deputy † hairman

O.T. K. MANisa, Hug,

F: Qubbay

Hon. Mr. P.E. Holyoak,

Hoa, Mr.D. Landals

1. A. Flammer. Mag. ►

How. Mr. & MANGA

UNIET MAXAGES

Hongkong-N. J. Stakk, Bog. Shanghai-4, 0. Staphen, Eng London Bankers-Loacion County and Wasimlaser, Limited.

Hongkong-Interant Allowed 2,

On Current Accounts at the rate of 3 par cunt. per annum ea the daily balanon

ON FIXED DEPOSITE

Per mouth 2) par caki, par anak. For mosha, Hj per cent per sukan. For te month, 4 per cent pat sanam.

N. J. STABB, ***"Chief Manageri

HONGKONG SAVINGS BANK'

THE Fusine of the above Bank is conducted by the HONGKONG AND HANGHAL BARKING CORPORATION Rules may be obtained on application INTEREST deposits is allowed of the sla karum monthly balances at 63) par cet per sea

Depositors may transfer, at their option, balance ef $100 or more to the Hoogkoer and Shanghind Back to be placed on FIXED DEPOSIT cant per aDRUM.

For the Hong Long and Shanghai Ranking Corparus tion

N.J. STABB,

$770

h.

$400

2. 155. $925 1. ex 78 $360 FIRE INSURANCES. China Fires b

b.

Եր

$ 154 $3861

b.

$122

b.

$221

$15

b.

$48

11.

b.

119/6 $28

REFINERIES.

$113

$361

MINING

До

30/-

b. & sa.

£95

го К

II.

$2.75

$100

♫.

30/-

15.30 2.9. 10 IMAS . 10

KS

841-

DOCKS, WHARVES, GODÓWNS, &C.

ARY ME LES PULL SO 3.00 PEN $199 7.1 Lo Ban

NIGHT CARE”

1 М

$89 $129

a

very half bones

1. 85

LANDS, HOTELS AND BUILDINGS. Centrals

b. H. K. Hotels

1.TO AL

$101

It.

$115

1,00 2.8. 20 1.00 Fi

b.

$101

b.

$6,75

D.

$38

II.

| West Points --

B. COTTON MILLS.

t. 148 t. 14.36

t. 95. $88

д..

11.

b

t. 5.40

MISCELLANEOUS.

b.

$$%

$8.

B

Ba.

$4.75 $9,25 $10 $10,20 $55

CO., LTD.

(Capital Paid up...$1,250,000:)

The

$160

b.

#541

$10

Loans on Mortgage of House Property & Goods received on Storage

Advance made on Merchandise.

Paid Up

$7.20 $9,60

that it is almost incorosivahlo |

H.K. Wharves ss. Kowloon Docks b. S'hai Docks ·b.

Ewos Kung Yiks

S'hai Cottons Yangtszepoos

concerned, and that is what may be called the re bi.th of a new #pirit between various sections of the community. What we fest is

Borneos China Light & P. b. that the men who have fought Providents back and begin over again the Green Islands and euffered together eball come Dairy Farms old wearisome fight between H. K. Electrics There is, however, one practical Capital and Labour. 'A H.K. Ice Co.,

will cease to leave Francs face

bas, for the last 45 years, been without delay.

was decline in importe of the main source from which Ger-

machinery from $1,697,000 in

1913 to £1,342,000 in 1914. ALLÍ

msa metallurgy has derived its

strength. But German metallurgy

Laundries

Watsons

!

b.

t. 99

$81

$17,00

$7.00"

B.

$6,90 $29

Wm. Powells Morning Posts b.

CORRECTED TO NOON WEDNESDAY OCTOBER 11, 1916,

Princes Building.

Tel. address: Broker.

EXCHANGE...

SELLING.

2/21/ 2/2 5/16 2/2

2/234

2/2 9/16

704

4 m/s...

clames of machinery shared in is not only the most important of EMPIRE AND DEMOCRACY. stitnenes, I summed up what we F/T India, thia decrease, which, speaking all German industries; it in the generally, was due at first to the Government policy of retrench-y key to the whole of German industrial development, for it was

ment, combined with the general by using their supremacy in eisel depression, and latterly to that the Germans tried and began the difficulty of obtaining Eupplies from Europe. The world. Morearer, Germany making of machinery in Oss

The New Labour Paper,

52

sa well had she known then that all the adjoining rivers and go at least long way towards Trams, Peak, new b. cents .85 galvanised sheets in dwindling a Western Lorraine also contained canals. The day when a British the employing and employed Waterboats B.

changing the relations between areault of the local manufacture, important deposits. However, barge will be allowed to take a and the drop in the import of what abe took in 1871 was suff-load of coal from Nowostle to oisson. wire nails from 239,000 picals in ciently important to become the Lorraine and take back a corres- tion for this, and that is that the "But there is ons vital condi- 1912 to 25,000 pienis in 1914 foundation stone of the whole of ponding, load of iron ore, employing classes shall recognise even more etriking. The war har

her industrial imperialism. This that day the Rhinegold problem that, as the country and the revolutionised zino refining in

is not a mere metaphor. Japan. Eitherto, the two renderman Dependence on Lorraine. to face with Germany. Why Empire bare been saved mainly BENJAMIN & POTTS, ing concerns at Amagasaki, neaT Dasks and Mike, in Kyushia, know the fallowing figuree-Oat enough to show us the way. His have earned at the highest price

Every Englishmen ought to Herr Thyssen has been good by the self-sacrifice and patriol Share and General. Brokers,

lism of the massor, so there msaSOS Į have been slowly feeling their of 28.8 million tons of iron ore abips took Westphalian soke over the right to reslite in their own

war which German extracted from her to Caen in Normandy, and great activity has been show soil in 1913, 21 millions came brought back iron ore. There is country their status as self respect. connection with military from Lorraino. Out of 2,800 no reason why England should ing citizens. Such citizenship requirements. Considerable ex million tons, representing the iron not do the same once she has can only be seccred by a clear tenaicas have been made, and it deposits of Germany, the German secured free socess by water to and well-being of the country de understanding that the wealth in anticipated that when all the engineers admitted that Lorraine Central Europe.

T/T works contemplated are in work alone contained 2,100 million.

Demand ing order, they will be in a posi What does this mean? It done. Only the problem is sharing the assurance of working 60 de......

It can be done. It ought to be pend upon all thore capable of

working and willing to work, 30 dB. tion to deal with the whole of Japan's outpat of zìac ore. The means that the Lorraine treasure intricate one, and must be faced for something more than a mere

living wage.

T/T Shanghai.. "In my recent speech at T/T Singapore 93 Merthyr, Mr. O. B. Stanton's con- T/T Japan ........................... 102

162 14 etcod for in what I call the three Demand, India .............. 162 1⁄4

S'e-which, I believe, in the T/T San Francis-1

co & New York workers" new

charter--Suffi-

T/T JavB......nekada .1254. ciency, Becarity and Solidarity. T/T Marks Nom. Given these I do not think the TIT France........... 3.04 2 British worker is the rancorous, Demand, Paris.... 3.05 Next Friday (says the Observer venomous creature some people that of Angust 20) there will appear, would have no believe. He is she has been able to supply her auder the title of the British not soffered with clues hatred 4 m/s. LC yearly. To gite a few instances armies with an enormous amount Citisen and Empire Worker, the and class jealousy, but he & m/s. D/P the demand for oil and gas en of shells in spite of the blockade. firet iarus of a penny weekly does demand and we believe 6 m/s. L/C gines is met largely by locally Gerhave said to them publication sesociated with the nothing can prevent him from 30 dis. Sydney & made machines, while in machine selves. If the output of the new National and Empire move scouring, the wherewithal to live 30 die. Ban Franc- pumps, water-turbines, aranee,

misells (iron ore) of Lorraine were ment in the Labour party. Its a self-respecting life and to main isco New York) dynamos, motora, lcoomotives, and; to be disturbed," said a manifesto spirit and the position it will take tain a wife and beins in decent 4 me. Marks ......Nom in many other classes of machin- ery, imports are feeling the effect issued in September, 1916, by up on labour and after-the-war conditions. On such conditions. Fran085.16 of local competition. Since the some of their industrial accis problems were outlined yesterday depend not only his own well- 6 m/s. Franca 3.21 outbreak of the war the difficulty tione," the war would be as good by its editor, Mr. Victor Fisher, being, but the whole fature of the Demand, Germany..

me lost." Indeed, if Praia had in an interview with a represents Empire, as Mr. Baghes, the Demand, New York. 52 % which British firms experience in

not possessed Lorraine she would five of the Observer.

Australian Prime Minister, has TT Bombay accepting orders for prompti

Demand, Bombay .....” 16294 "The paper," Mr. Fieber said, abowo. delivery has diverted many orders very likely not have dared to go

"has grown cat of the movement "Sack, then," Mr. Fisher add-TIT Calcutta which might have been expected

The primary interest of Britain known as the British Workers' ed, "is the spirit and such will Demand, Calcutta... 16294

Demand, Manils to go to the United Kingdom.

... 10432 in the matter is therefore quite National League, which is promi- be the inspiration of the editorial Demand, Singapore, 93 1 obvions. The Lorraine treasure pently associated with the names policy of the British Cutisen and On Haiphong........ 4% prem, has been in the hands of Prussia, of Mr. W. Abraham, MP., W. Empire Worker."

On Saigon

334% prem, Troops in Revolt in Szechuan, the main weapon with which she Crooks, MP., Charles Dancan,

On Bangkok

70 4 9.05 Nom. Sovereign Chengtu, Oct. 1.--The soldiers | hua tried for years to strike at har M.P., John Hodge, M.P., James

52.40 at Sintainghalen, tired of waiting | great industrial rival, the British O'Grady, MP., C. B. Stanton, There are 64 Tamil verascular Gold Leaf, per of for their pay, revolted, smashed Empira. There will be no in: M.P., Stephen Walth, M.P., and schools in the Federatadi Malay

Bar Silver, per os... 32.5/16 up the telegraph effoe, looted the dustrial peace for the British A. Wilkir, M.P., and Mr. States, with an average attendo SUBSIDIARY COINS. rich merchants, osat off their Empire-nay, there will be no H. G. Wells, Sir Leo of nearly 2,000 children. Many of uniforms and left in a north- pesos in the common sense of the Chizza Money, M.P., Mr. J. A. the schools are on rubber estates, westerly dimotion. It is reported word—until Lorraine has return- Beddon, and others. The League In Belangor especially the rabber that the Governor is collecting ed to its legitimate possessor.. was brought into existence in estats maangera have given their Chinese...20 cta pieces 1056% dis money to asad to Tibet to pay the This restitution, however, dose order to combat Inside the Labour sympathy and oo-opacation to the Chiness...10 1901091%dis, troops, and is also sending more, not safios in itself, not even if the morament the growing, pecket movement, for educating their Hongrong to ota, plecos soldiers to Tachifu

Begum valley, which is Extrains and pro-Gemas tendencies which labourers, childre

Hongkong10

and Japan generally is increasing

to dominate the markets of the

it to Lorraine Qwes

to war at all...

Plantation Schools.

BUYING.

2/3 1/16 2/3 3/16 2/3 5/16 2/3 5/16

Melbourne.***

53 14

DISCOUNT PER $100

11.00

*90*4 57°21'DE "HE'Z BETET

very quarter of abou SUNDAYS

آگئی

י

A. TO - AM. Every 13 MIE.

LOITO BL. Sc 11.00 4.2 18.00 Noo 19:00 Nook in 1990 P

1.00 to 1.00 +1 TODO IL CO

H

35 Min.

+

10 Ma

10 Mis RICHE CARS or Wask Dept.

SATURDAYS

Euro Car midnight.

SPECIAL CARS

By Armagement at the Company's Glen,

Dua For Best,

"Season And punch tickets, available for all cars Fot already fall, ruaning at the time stated lo the Company's time table, but not for special cur. Can be obtained on application at the Compacy's Oficer No Season ticket will be iszved until pasiment that for has been made in Bank Nona or by Choqni m

Comprador order representing Bark fʻok."

JOHN D. HUMPHREYS & CO.

THE CHINA PROVIDENT LOAN AND MORTGAGE.

Loans made on the Providenz Byslen. (Rates and Particulars on applícation)

The Office o TRUSTER, EXECUTOR OF WILLS, ATTORNEY, &c, Endertake and Exsculed.

BEEWAN, TONE & Úc, General Managers.

MITSUBISHI GOSHI

KWAISHA. (MITSUBISHI 00.) COAL DEPARTMENT.

SOLE PROPRIETORS OF TAKASIMA. OCHI... MUTABE, KISK- IDAKE, YOSHINOTANI, MOJO, MAMA. ZUTÁ, ŠATO, KANADA, SHINNEW, KAMIYAMADA, KƐBAI and GYUSARĪJ

Collieries.

Agent for BAKITO COAL

HEAD OFFICE --. MARUNOUCHI, TOKYO.

BRANCH OFFICES :-NAGASAKI MOJI KARATSU, WAKAMATSU. OTARU MURORAN. HAKODATE. KOBE, OSAKA, KURE, TOKYO, YOKO. HAMA. NAGOYA, TSURUGA, VLADI VOSTOCK, HANKOW, PEKING, LON. DON, NEW YORK, SHANGHAI, RONGKONG, HAIPHONG and CANTON.

Cable Address :—"IWASAKI," Codes: Al, A.B.C. 5th Ed., West- em Union, and Bentley's.

AGENCIES:-- CHINKIANG-Mosure. GEAR- ING & Co., MANILA-Menars. MACONDRAY & Co., BINGA PORE Mesurs. BORNEO Co. LTD., GLASGOW-Mesars. A. B. BROWN, MCFARLANE & Co, LTD.

For Particulars, apply to--

K. KATO,

Manager.

Chief Manager,"

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter 1953.

HEAD OFFICX-LONDON, Paid-up spitalÉT,200.608 Beserve Fond....yanın Ely400,000 Reserve Liability of Proprietara,200,000 FORLION EXCHANGE 18 Guperal Bankies

-besides trasancted. CURRENT ACCOUNTS oped P2055 DEPOSITS received for 1 year or thortat period, as rates which will be quoted on application) @7 T. C. DOWNING?

Manager Hongkong, 11th April, 1912.

THE MERCANTILE BANK OF INDIA, LIMITED.

Head Office 15, Gracechurch

Street, London.

Authorised Japital ..........£1,500.00€ Subscribed

Reserve Fund

- BANKEKS: The Bank of England.

1,125,00€

562,500

$50,000-

The London Inni Stock Bank, Limited. BRANCHES —

Bombay

Calcita Colombo Delki

Gelle Hongkong

Howrah

Kandy

Port Louis (Maurities.)

Karachi Kota Bhar

Kuala Lumpu

Madras

Репале

Raspoon

tanghal

&lagaporn

HONGKONG BRANES,

Every description of Banking and Zechange business transacted.

Interea allowed on Current & Cromnis at a parti per annual on Daily Balances, and on Flued Deposit at TBLSE which may be ascertained on application,

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL BANKING

CORPORATION:

HEAD OFFICE:

35. Wall Et., New York

LONDON OFFICE: 3, Bishopsgate, E.C.

CAPITAL PAID UP......$3,250 000 RESERVE FUNDS....

U.S. GOLD

BOMBAY

$3,628,000

...#6.878,000*

BRANCHPA ---

HONGKONG PEKING.

CALCUTTA KOBE

CANTON CEBU. COLOX HANKOW

SAN FRANCISCO LONDOX SHANGHAI MANISA

BINGAPORE

NEDELLIN TIENTSIN PANAMA

YOKOHAKA

lu close affiliation with The National Char Bank of New York, the Bank is abir to offer the Citz Services of the Branches of that institution is Tela And Fouth America, namely

BUENOS AYRES, HAVANA, MONTE VIDEO, RIO DE JANEIRO, SANTIAGO, DE CUBA,

KANION, SAO PAULO.

All kinds of FOREIGN & LOCAL BANKING BUSINESS transacted

CURRENT ACCOUNTS opened and FIXED

DEPOSIT'S HOT as raids to be ascertained on *pplication.

N. S. MARSHALL,

Manage.

Hongkong, Jet June, 1916.

THE

LIMITED.

No. 2, Pedder Street, Hongkong. YOKOHAMA SPECIE BANK,

MARTIN'S

APIOL BETTE

MartTRIA No the house, de stating the ski

THE ALEXANDRA CAFE

Cannot be Beaten, if Equalled for Bread, Cakes, Con

and weals with: Wines

Established 1880. Authorised Capital Yen 48,000,000 |Paid-up Capital 30,000,000 Reserve Fund ...-.. 20,800,000

Head Office.—YOKOHAMA,

Ersch

Apache

Newbwang ・Kew Yosh

Opals

Arbor),

Page 10Page 11