1917-01-17 — Page 9

THE HONGKONG TELEGRAPH, WEDNESDAY, JANUARY 17, 1917,

COMMERCIAL TONEWS

corresponding increase of out-

British-made Tungsten. [ it to treat not only arm of the best Tangston is an essential con-quality, but also all kinds of low- stituent of high-speed steelor grade mixed and impars orat, and at forst of all the farms most when this new plant is in opera- widely used and high-speed tion it will have a wider range of ates, the credit of inventing raw material to draw upon, with which is mainly due to England, and to Sheffield in particular, input-Exchange, essential in modern workshop practice. Owing to its property "of retaining its hardness and tem

per at a low red beat, the tools which are made of it can take heavier cute and perform their work much more rapidly than mittee presided over by Mr. was possible with the old carbon Harcourt has now stranged the steels, and it may be said that respective spheres of work and without it our output of gune and

Board of Trade and Imperial

Institute.

„An inter-departmental Com-

operation, in dealing with

· New Japanes Company,

A New company called "ths Amhi Electric-Chemical Industry Company has been promoted in Japan with a sapital of X.1,000 COO. The new company will be cficially organised in the early part of January and its lines of business will be the manufacture of caustic soda and blotching powder. The factories will be built on the river Arakawr,

HONGKONG SHARE REPORT

S-BELLIES, BA-BALTA „B-BUYERS; Y.-NOMINAL.

Concerning the restriction of India Bills, recently mentioned in Reuter's telegraph wervice, the Japan Chronica of Dacumber 23 wrote as follows in their financial column:-"Following the report Banks that the British Government has restricted the imus of India Bills,

OFFICIAL PRICES."

BANKS.

b. MARINE INSURANCES.

felogram received by the Spin- Cantons ning Association from Bombay on North Chinas December 20 reports that the Unions Bombay cffice of the Tokohama Yangtszes Specio Bsnk has announced it FIRE. INSURANCES. inability to undertake say new China Fires exchange contracta for raw cotton | H. K. Fires Some American Ananciers are owing to the roarcity of funds

America's Gold Position.

BANKS.

“BANK OF CANTON

BLIMITED.

HEAD OFFICE HONGKONG

FOREIGN EXCHANGE and General Banking Business Trang- acted"

CURRENT ACCOUNTS open- ed and FIXED DEPOSITS P caived...

INTEREST ON FIXED DEPOSITS:

$700

$377 t. 150

.b. & sa. $900 1. ex 79. $255

For 3 Months 3% per annum

$155.

$375

SHIPPING.

så.

$116

For 6 Months 4% per ännum For 12 Months 43% per annum LOOK POON SHAN,

$201

b.

$182

108/-

$36

REFINERIES.

$126 $37

MINING

1.

53.

36,

1214

Da

$2.40

Д

31/6

3219

shells would be less than half commercial enquiries, of the new much concerned about the treconerquent upon the British res-Douglases of what it is at present. Yet Commercial Intelligence Departmendone piling up of superfluous triction of the issue of India Billa. Steamboats ment of the Board of Trade and gold, which tends, they say, to The Nihon Menka Kaisha and indos (Del.) in spite of its supreme importance the Imperial Institute, which is inflation. Nevertheless, the inflar the Yokohama Specie Bank receiv- Indos (Pref.) for our engineer manufactures, we were content before the war to recent years has become a central is expected to continue. Inclad-ed 'telegrams atsting, that the Shells

department for information and ing domestic production, the British Government had decreas- Ferries depend on Germany for most of investigation respecting the inorrase in gold in the United ed the weekly fatus of India our supplies of metallic langsten,rces and see of the raw from January to November, 1918, Council Bille from B. 30,000,000 Sugars and that although the most im materials of the Empire: In was more than $800,000,000 and, to Rs. 5,000,000, while a despatch Malabons →portant scurces of the ores from fatore the Technical Information in view of continued hoary im to another Japanese firm gere s

which the metal is extracted lie Bureau of the Imperial Institute ports, the $1,000,000,000 mark diferent version to the effect that Kailans within the confines of the British will answer all commercial en- may have been reached by now. the exira ise for Rs. 20,000,000 Langkats Empire. At the declaration of war there was only three months is respecting the sources of American financiers, however, do has been abolished. There is aut apply, technical uses and valus not regard the situation with still no authoritative information Tronohs supply of tangsten in the country of raw materiale within the disfavour. There are some who on the matter, but it seems pretty Urals Lord Moultor, who was sent for Empire, and will be responsible consider that a huge stock of gold certain that the issue of Indis to undertake the task of dealing for supplying all information will be an enormous advantage Bills is to be curtailed. This will with the things which we had got required in order to bring the when the war ends and the old have a very important bearing H. K. Wharves a from Germany in pesos time and of which we found ourselves / producer overcase in touch with ƒ world's foramble for trade and ] upon those trading with India. Kowloon Docks

ihe manufacturer at home. En the metal begins.—Exchange. quiries so to immediate supplies may be addressed either to the Board or to the Institute as may 10 be most convenient, but the Commercial Intelligence Depart ment of the Board of Trade will as

a rule be prepared to deal with exquiries for immed-

short, discovered that England as regarde targeten had "been tpoon fed by a

Frankfurt ring,

who dictated

the Committee has now been ao- The arrangement proposed by capted by the Secretary of State for the Colonies, the President of the Board of Trade, and by the Executive Council of the Imperial Institute.

More Cotton in 1917.

and for

DOCKS, WHARVES, GODOWNS, &C

1.

The exet reason why the British Shai Docks 1. Government has taken that step

LANDS, HOTELS

is not known, bat it is conjectar- AND BUILDINGS. ed that it is designed to restrain | Centrals the outflow of gold from India." H. K. Hotels

Some Board of Trade Figures.

Wa

WEIC

Shai Lands

West Points

Chief Manager.

NOTICE.

NOTICE

BANKS

HONGEONG & SHANGHAI

BANKING CORPORAD

-TION:

Paid-up Capital RESERVE KUNDS:

Sterling

:

£1,500,000 at 2/-

---$15,000,000 Silver...$18,000,000

$15,000,000

$35,000,000

Reserve Liability of

Proprietors.....$15.000.000

COURT OF DIRECTORS,

Hon. Mr.C. Anton

AD

W. Petbenden, Reg.-Chairman.

5. H: Dodwell, Bog.-Depazy & hairmes

G... Mikien, Mea

C, 3: Gabbey, Daph

Hos Nr. P. B. Hdirect.

J. A. Plasser: Begi

CREEP MARAGIN Hong-N., Stabb, Zec.

MANAGER Shanghaima, U. Sòphen, Zug London Canker London County Od

Westminster, Limited.

Hongkong-Interest Allowed i

On Current Accounts of the rate of 3 par cent.

on the dully balanON,

ON FILED DEPORTE, For me, i per cent. par andy. For 6 months, DIC CARL DE BARS For 2 months, 4 per cent, per QARTVE.

N. J. STABB,

Chief Manageri

PEAK TRAMWAY HONGKONG SAVINGS BANT.

LIMITED.

TIME TABLE"

Zutto uz Mun

WEEK DAYS:

koda, to cover dat 10.00 AM to Essen 23- 23,90 ALMA, CO 19.45 Jum

XIE W CO

KIGHT CAI2*

z Ma

* M

LES BIL

KAJ 201

"

Mand

5.06 706

$36 $127 t. 88

2400 2,244 64

10 Mx

7:30 AM

1.25 past and a wari, siyo tam k

13:00 very kádi hot

11.50 PAL 14 11.43 7.06

every quarter of an barı

- SUNDAYS

Koo am at 1890 din, Erkar 15 Min.

21.30 AM. 18

Bao fut

MIGHT CARE as in-Wook Daya

SATURDAYT

Exten Die man milnight, SPECIAL CAR]TM"

BY ASTISKOMORt at the Coinpouy's Ollie

Du.Torez Boul,

"Season and panch tickets available for săi cues Elready fall, running at the time stated in the Company's time table, but not for special care, Ca be obtained on application at the Company's Of No Besson ticket will be looped until paj anent there- for has beza muda in Eank Fossa, or by Chacoem Compradore order representing Back Foces.”

JOHN L. MUMPERETI & CO.

$100

TE MA

$115

zane Moor to 200 PALES #

Land Invest H'phreys Est. Kloon Lands

the

495

M

b.

$6,90

4.00 PM: 50 1.00 20:

POOR MAÇI TA

5.

$35

t. 85

*$80

COTTON MILLS.

11.

2.143

..

t. 14

n.

11.

t. 51

$8 $4.75

До

$9.00

2.

$25

E.

IL

$11,65

CO., LTD.

$53

D. b.

$ 160

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

$34

$934

Loans on Morgage of House Property kt. Goods exceived on Storaga.

Advances made on Merchandise.

$10

Ladies made of the Provident Spater. (alex and Particulars on application)

The Office of

$24

$16,00

b.

b.

$61 $6,25

$20

CORRECTED TO NGOR WEDNESDAY

JANUARY 17, 1917,

BENJAMIN & POTTS,

Tel, address: Broker.

EXCHANGE.

SELLING.

The sensational incresss of the steel makers how much of

recent years in the consumption the metal they should have and

of cotton of the United States is! what they should pay for it; and

making people anxious Aio he came to the conclusion that if

what will happen when, the war we were to sohieve independence isto supplies of well koown raw being over, the mille still stand-figures published by the Board of From the seal quarterly we must have, in his own mets-materials which can be obtained ing will again be calling for cot-Trade we are able to ses the value phor, the growing plant not at once through ordinary trade ton in France and Belgium, as for the first nine months of the Ewos merely the cat flowers, and that channels. In answering these well as those of Germany and rear of British trade with each Kang Yiks -to extirpate the tyranny of the

enquiries in ring the users must be the pro- statistical or trade information is intimately konad up with the we note that the value of British Yangtzepoos which special Austria. The answer to this is foreign country and colony. Thus Shai Cottons dacers and the producers the required, in addition to technical consideration of how much of the users. Mr. Arthur Balfear, the information, the Board and the American

exports to Chios doring the quar- MISCELLANEOUS," head of the Dannemors Steel Institute have arranged to co- August, 1914, has been for war £3,036,000, against £2,317,000 China Light & P. b.

contumption since ter ended Sept. 30 amounted to Borneos Works at Sheffield, was called

operate. Investigations of the equipments for the into consultation, and then the possible industrial uses of raw Powers

Allied In the corresponding quarter of Providents question arose whether there was materials will as heretofore be manufacture of explosives, and of the first three quarters

the last year. The total exports for Dairy Farms a man in the country capable of dealt with the Imperial Institute, this question there is no ready valzed

Green Islands H. K. Electrics at £8,315,000, running a langaten Isetory. He was found in the person of Mr.

declared semi-ficially that in of this increase eclation. It has recently bes

H.K. Ice Co., against £6,376,000. Alongside Jalios L. F. Vogel, the son of the

the calendar year 1913 the amount

Ropes in exports Steel Foundries D. Iata Sir Jelias Vogel, formerly

of bleached cotton 3d in in imports from China amoenting Trams, Peak, oldn.

find a small advance Trams, Low Level sa. Premier of and Agent-General

America for the manufacture of to, roughly, quarter of a million Trams, Peak, newn for New Zealand, who was ap

explosives was equal to 375,000 over the Aigars of £2,290,000 for Laundries pointed manager of a company formed to undertake

bales of the original raw material, the third quarter of 1915. Our U. Waterboats `n the

and that for the first six months total purchseen from Chios to Watsons manufacture of the metal. Of

of 1916 the amount was equal to the end of September were valued Wm. Powells this company, High Speed Steel Yokohama Slik Exports,

443,000 bales of raw collon, and at 26,368,000, an increase of Morning Posts n. Alloys (Limited), which afforded.

that this is at the rate of about about three-quarter of a million. Yokobams in 1916 saw a great an opportunity for an inspection of its works recently, Mr. Balfour expansion in the trade in habutai 900,000 bales per annum. The Turning to Japan wa fod that is chairman and Mr. A. J. Hob and other silk textiles and man for the present crop cannot fail

meringly high prices realised British exports were 42,057,000 son, another Sheffield eteel maker, factures, and according to an

in the quarter ander review, vice-chairman, and the shareholcficial report made up at the end to lead to an enormous screage compared with £1,312,000 lati Share and General Brokers, ders, some 33 in number, are of November, the total value of being planted next spring, upon year, while the total for the three Princes Building. all high-speed makers, mostly trade for the year then amounted for a better yield per acre than in advance of nearly two millions.

which it is only reasonable to look

quarters, viz., £8,215,000, is an from Sheffield, who have sotto Y.49.351,998 scribed capitel in proportion to Y.42,250,379 of the correspond. With a mach larger crop and a worth of merchandise in the se against the present disappointing BOBROS. From Japan we took £3,702,000 their average consumption of ing period of 1915, thus showing emaller consumption there should tungsten. Some firme refused an increase by Y.7.111,559, or be a more settled state of feel'ng pounds worth in excess of last quarter, which was over a million the chance of subscribing-pos 14 per cent. However, when sibly to their subsequent regret babatai alone is considered, the next season and fewer opportunis year, and £8,748,000 in the nine T/T............. 2/3 -but those who joined were re-year's record is not a very ep-

ties for speculative exploitation. monike, an advance of one and Demand 2/3 9/16 sponsible for about three-quarters couraging one, says the Japan

three-quarter millions. Our ex 30 da........................... of the total output of high-speed Times, for the total volume of ex-

ports to Hongkong in the July 60.dfs. ....................... 2/3 steel in this country before the ports through the port is estimat

September quarter, viz, 61,290,- 4/0 2/3 13/16 war. The company is thus en ed at 2,222,333 kio, valued

000, more than doubled those of TIT Bhanghai......... Nom. embodiment of Lord Moulton's at Y.33,218,836. In comparison Wheat Supplies announced (says while the exports for the nine / Japan. 106 14

The Royal Commission

the corresponding quarter of 1915, T/T Singapore 974 ideal that the users should be with the corresponding period of the Indiaman) that the Govern months show a corresponding Demand, India 165 Nom. the producers, and it is 1915 these figures show &.de-

| T/T India mo.............-166 Nom. remarkable for the fact that 30 | cresse by 600,862 kin in the ment of India has sanctioned the increase; Hongkong sent us only TT San Francis- keen, trade rivale hr-e been volume and Y.403.175 in the tons (nearly 1,000,000 quarters) the three months, as against T/T Jays........... 131 6

export from India of 400,000 180,000 worth of gooda in

54 1⁄4 #accesfully got togelt to serve value, which represent 21 per of wheat for shipment during £243,000 last year, but the im- T/T Marks.... Nom. their common interests. The cent. in the former and 11 per November, December and Janu- porte from Hongkong for the first T/T Francs....... 3.17 company had placed its first | cent. in the latter. The reason is ary. The whole of this wheat building contricle by Christmas, obvious; during the latter part will be shipped, to the United nine months of the year show an Demand, Faris..... 3,17 3⁄41⁄2. 1914, and even when allowance is of the year American boying was made for the fortunate fact that markedly accentuated along with gangements made by 1915. To the Straits Settlements 4 m/s. L/C a site suitable for such a factory the demand from

under arrangements made by the England, had been selected. at Widnes in France, Australia, and other Boyal Commission. Is this and to the F.M.S. £247,000 in 6. L/C 2/19/16

we sent £1,558,000 in the quarter, 4 m/s. D/P annection it is interesting to

& that the plans of the buildings thas witnessed was too small to issued ly the Department of pear. Our imports from the Straits 30 d/s. San Franc

note that, according to a reitin representing an advance over last

Melbourne....... were already in existence, it make good the falling-off in trada speaks well for the vigoar with daring the first half of the year. wheat on

Statistics, the exporte of

Bettlements in the July September isco New Yorkf which the operations were pushed In other classes of textiles and

private and Gov

4 m/s. Marka ......Nom. period amounted to £3,968,000, on that production began in the silk manufcolares both the volume

ernment aossunt daring the

(as against 83,605,000 Íst

4 m/s. France......3.29 year, following July. Since that date, and value of trade bave witnessed months April to September and in the first nine months of 6 mis, Francs......3.34 apart from stoppages due to re a remarkable increase, though and at B. 3,55 lakhe, The

last amounted to 304,871 tone. the year 19,643,000, against Demand, New York. 54 3

Demand, Germany.. pairs, bciler cleaning, or shortage | "Kohaku" has proved an excep

$13,227,000. The FM.8. sont TT Bombay...*** of ore, the work has proceeded tion to the general rule, and at the exporis during the corresponding us £1,882,000 worth of goods in Demand, Bombay.

period of the preceding three the quarter, compared with TT Calcutta....

... 166 Nom. continuously day and night, and of November there was s An output of three tons a day slight decrease as compared with years were 1915, 648,7 tons, £781,000 last year, and 21,406,- Demand, Calcutta.... 166 Nem. has been obtained, and could the corresponding period of 1016. 470,721 tone. valued at Rs. 5,23 with £2,441,000. From Java wa Demand, Singapore, 974

lued at E, 8,38 lakhs; 1914,000 in the nine months compared Demand, Manila be maintained were suficient The total value of these goods for I-k's, and 1918, 1,041,381 tons, imported in the September quar- On Haiphong..... supplies of ore forthcoming, the period runs up to Y.18,133,102

ved at B6. 11, 5 lakhs. Of the ter goods to the value of £3,382,- On Balgon

214% prem Stepe, however, are being taken as against Y8.818,368 for the carl gonatity exported in April 000, ughly the same as last On Bangkok to remedy this latter trouble, corresponding period of 1915, The company has parshased there thas being an increase by September last the Unite gear, while our exporte to the Boversign....... 6.65 Nom. mines of its own in Barms, Dr. Y7,614,724 or 87 per cent. Inigo on to Datab solous amounted to El Sur Sliver, per .... W. R. Jones, formerly of the the following the rates of pro-it 606,135 tons in the cor: 700,000-Chino Express. Indian Barvey, being in charge great in various -descriptions of 193 tons in 1914 and 882,859 tong responding period of 1916, 302,- of them, and it has established in | goods are shown :-

Tavoy a completely equipped

laboratory and magnetic pepara Silk crepes

tion plant, with mining engineers, Cotton crepes ohemists, and accountants. For.

ther, it is installing at its Lan-

Silk bandkerchiefs

omahire works appliances to enable Kimono and others

Indian Wheat.

On

advance of over £100,000 on

co & New York

2/3 56

BUYING. *** 2/4 5/16 2/4 7/16

2/4 9/16

55

J

10832

prom..

... 67

Gold Leaf, per oz.... 51.20

SUBSIDIARY COINS,

PROVIDENT

THE CHINA

LOAN AND. MORTGAGE

TRUSTEE, EXECUTOR OF WILLS, ATTORNEY, Ron Vädertaken and Executad,

BHEWAN, TOMES & Co. General Manageżu.

MITSUBISHI GOSHI

KWAISHA.

(MITSUBISHI CO)

COAL DEPARTMENT,

SOLE PROPRIETORS OF TAKASIMA, DONI, MUTABE, XISH- IOAKE, YOSHIROTANI, HOJO, HANA--

ZUTA, SAYO, KANADA, SHIRDEW KAMIYAMADA, BISâf and OYUBAR

Collieries.

Agent for BAKITO DUAL, ·

HEAD OFFICE:- MARUNOUCHI, TOKYO.

THE Fusion of the above Bank ús conducted by the HONGKONG AND BEANGHAI RANKING CORPORATION, Rates may be oicalsed ea applicatio →INTEREST en dapolita la allowed on the mini ben monthly balanous at 8zi per cent, per a, Depositors may transfer, at their option, balanc of of or to the Hoogkong and Shanghol Bank to be placed on FIXED DEPOSIT cent per anhum,

For the Hongkong and Manoghal Backing Corpor

N. J. STABB,

Chief Manager.

THE CHARTERED PANK OF INDIA, AUSTRALIA AND CHINA.

Incorposted by Royal Charter Başi.

HEAD OFFICE)--LONDON, Paid-up Capitain:

Besar IndE BATTE Reserve Liablity of Proprietors and 1,200,000 FOREIGN EXCHANGE and General Baldes

businew tranSECTES, CURRENT ACCOUNT open and FIXED DEPONITS reaved for 1 year or aborter periodą, zE rates which will be quoted on application. T. C. DOWNING,

་

Manager Hongkong, 11th April, 1912. -

THE MERCANTILE BANK OF INDIA, LIMITED.

Head Office 15, Gracechurch

Street, London.

Authorised Capital...... £1,500,008 Subscribed

Paid Up

Reserve Fund

BANKERS;

The Bark of Engiare,

1,125,000

662,500

550,009

The London Toirt Stock Blank, Lámětud. ·

BRANCHES >

Bombay

Calcu

Colbe

Delhi

Galle

Hongkon

Howlah

Kandy

Port Louis (Mauritia.)

Kanchi

Koln Khere

Kuala Lip 20

Madina

Penang

Rangoon

Sangkal

Lingapore

PONGKONG DRANCH,

Every description of Banking and Exchange basina trasacind.

Interest Allowed on Current Accounts at parc per annum Daily Balances, and on Fixed Depart si rata which may be ascertained on application.

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL KINGANB

CORPORATION.

HEAD OFFICE:

......$3,250.000 $3,831,000

*****...$7.181,000

15% Wall St, New York,

LONDON OFFICE: 36, Bishopsgate, EC. CAPITAL PAID UP RESERVE FUNDS...

US. GOLD

BRANCHES:-

HONGKONG PEKING. KOBR

SAN FRANCISCO LONDON SHANGRAI MANILA SINGAPORE MEDELLIN TIENTSINA PANAMA YOKOHAMA

BRANCH OFFICES :-NAGABAK., MOJL KARATSU, WAKAMATSU"* OTARU. MUROBAN, HAKODATE, KOBE, OSAKA, KURE, TOKYO, YOKO HAMA. NAGOYA, TSURUGA, VLADI- | BOKRAY VOSTOCK, HANKOW, PEKING, LON. DON, NEW YORK, SHANGHAL,

BONGKONG, H.PHONG

CANTON.

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

AGENCIES:- CHINKIANG-Mesers. GEAR- ING & Co. MANILA-Messrs. MACUNDRAY & Co., ? SINGA=

CALCUTTA CANTON CEBU,

HANKOW

Throughs is close aflation with The Nationa City Bank of New York, the Bank is able to oder the Services of the Branches of that latitadon in Calm mad South America, Namely :--

RAHIA BUENOS AIRES, HAVANA, MONTEVIDEO, RIO DE JANEIRO SANTIAGO DE CUBA, SANTOS," PAUL”), VALPARAISO,

SAD

All kinds of FOREIGN & LOCAL DANEING BUSINERS Uansacted.

"CURRENT ACCOUNTS opened and FIXED PORE Messrs. BORNEO Co. S recored at rates to in ascertained on

application. LTD, GLASGOW-Hesum. A. R.

X. 1. MARSHALL,

Маладога BROWN, MCFARLANE & Co., LTD Hongkong, 26th September, 1916.

For Particulars, apply to-

K. KATO,

Manager, Hongkong. No. 2, Pedder Street,

MARTIN'S

SSTEEL

AROLBILL'S

A Franah Ramáty day all Xrangularities.

Fat the SysONE A

mama. AḤ Chonalate sind starat neli Lham

SAFTIN:

THE

YOKOHAMA SPECIE BANK,

LIMITED.

Fatablished 1880, - Authorized Capital Yen 48,000,000 Paid-up Capital ... 30,000,000 Reserve Fund

20,800,000

Head Office.-YOKOHAMA,

Angalan

and

Agencies! Nagak

Hawchwang

in 1913-France 75,091 tons and Yen.

| Italy":5,754 tons, the remaining|F you have lost your appetite] 1,358,8102,973 tone being exported

one of the big variety or hinese ... 20 cta, pieces 576%, 1311,755 to Muita and Guso, the Ferrian dainty dishes at the ALEXAN- 1,276,843 Gulf, Bahrein lelands, Osps | DKA LAFR is sure to tempt Hongkong 20 cts, pieces 1%

.Chinese... 10 1,131,160 Colony and other countries..

Hongkong10

DISCOUNT PER $100:

dis.

THE TAIEXANDRA' CAFE

57%

din

Cannot be Beaten, if. Equalled

|

for Bread, Cakes, Contentionery

and meals with Wine & Liquem.

Hongkong, Lith Sept; 1116.

Katarist Lowed un Cau sec AcaoMDESE

FISHI ONO, Manager,