1917-02-07 — Page 9

Rubber.

THE, HONGKONG, TELEGRARD, WEDNESDAY, FEBBRARY, 7 1917.

COMMERCIAL

NEWS.

Japan's Gold Specie. Sinos the outbreak of the war Japan's gold specie has been staadily increasing, but a tempor ary decrease in now shown owing to aɔme special causes, such as the delivery of funds ashenribed

tots!

Chinese Cotton.

HONGKONG SHARE

REPORTS

&-SELLERS; SA-KATES;

A-BUYERS; N=--NOMINAL.

OFFICIAL PRICES.

3000

BANKU

BANK OF CANTON,

LIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and Gederal Banking Business Transacted.

INTEREST ON FIXED DEPOSITS:

For 3 Months 3% por annum. For 6 Months 4% per an u

BANKS.

11.

$720

MARINE INSURANCES.

$375 t. 150

11. n. ex 78 $255

11.

D

$155 $367)

SHIPPING.

Douginses

$116

b.

For 12 Mouths 41% per annum

$129

LOOK POÓN SHAN;

I.

$411

106/

b.

$58

REFINERIES.

* &a. $1261

b.

$89

MINING

Kailans Langkats

Malabons

g

11.

n.

• Б.

36/-

Chief Manager.

NOTICE.

NOTICE

20 PEAK TRAMWAYS

.$2.40 31/6

DOCKS, WHARVES, your holidaye has been quits dis H. K. Wharves sa

GODOWNS, &C. Last industry after the war, but the appointing to those with bullish Kowloon Docks b. case of the near-indigo is an ex ideas, as the conditions are such Shai Dock ception. He believes that veget. that do not give much encourage- able indigo is better than artificial ment to fostering aggresive indigo to serve as dyestaffe, and views. The market is at present Centrals will rurvive no matter how much absolately lifeless, mostly dus to H.K. Hotels cheep artificial indigo may be the stagnanoy in the money mar-Land Invest. produced.

LANDS, HOTELS AND BUILDINGS.

8219

CO. LIMITED.

TIME TABLE.

WEEK DAYS

1-85 + - 1.00 Evære ky mintles 18.0C`A.M; 18

12.3 2.3 to 20.45 7:00

41 7 10

*

$86

$125 $.87

H

Bu b

C

Ass to

SIN POL

#1

100 M SO

KIGES CARENA

during the week. A year sp The Pataling interim dividend Tsiping entered the dividend liat According to the Ousia Arahi,

New Salvage Company. of 75 per cent., making a total to with a distribution of 12 per the Kawasaki and Mitsubishi dats of 145 per cent., on accoun cent. The figure is now increased Dockyarda, Yamashina Engineer of 1916, gave the market a wel to 20 per cent, but profits are ing Works, Kobe, and Monark come Ellip before it closed for the shown equal to rather more than anda and On. are jointly engage bolidaye says Truth of Deo mber 24 per cent, the crop having ed on the establishment of a comt 27. The distribution compares yielded the very satisfactory profpany with's capital of Y 5,000,000 with a total of 110 per cent. psid of close on 14, 81. per lb. On to undertake the ssirage of to the British. Ya Erobequer Banks to the corresponding date test the larger crop expected this year wrecks. The head office will be Bonds recently inued in Japan year, and shows how well the profit of only 1s. 3d. par lb. established in Tokio and a branch and the transport of gold to Cantons older companies are doing. would suffice to maintain the 20 office in Shanghai. Although the approach of per cent, dividend, while ls. 63.

India necessitated by the British North Chinas Another Dye Material. the bolidays had the usual per lb. would again give earning

restriction The high price and scarcity of Council Bille (since withdrawn). Yangtszes

of the issue of Unions efot of curtailing business in cqual to 24 per cant. The dresins have inspired many a According to the latest investiga- the share market, it was notice-prement dividend, therefore, manufacturer to experiment to tions made by the Department of China Fires able that sellera were scarce and should easily be maintained. find some successful means of Fianpos, the total gold specie of H. K. Fires

FIRE INSURANCES. shares were difficult to obtain, Raub is a little company with an production. News from Bhimane Japan on the 131k Daring the last two or three ined capital of only £20,000 Prefecture, Japan, says that a smounted to

instant weeke I have referred to the and cultivated ares of 406 new prooss of obtaining dres showing decrease ofT.5,000,000 Surboats

Y:709 000,000, aucoom with which rubber dîrae- sores.

Under ita former title from vegetables has been found. on the figures at the end of last Indos (Def.) tors were holding out for good this esiste had an appalling re- The experimentet in Shimane has year. Of the prices in connection with forward patation, but with a new name, & found means to extract various. .223,000,000 was held at home Shells contracts for 1917. Excellent small capital, and Meara, Harri-coloured dyes from chrrean and Y.488,000,000 abroad, and Ferries

amenat Indos (Pref.) examples of this are now fernih son and Orsefield acting as themam. He has obtained the decrease in the former amoant- ed by Cluny, Lansdron, and Esatera agents it has at length patent and is now establishing ed to Y.4,000,000 and in the latter Sugars Ledbury. For the first six months became quite respectable. In factory under corporation. to X.1,000,000, of 1917 these companies have deed, Raub now pays a dividend Besides, according to the Japan sold 30 tane, 48 tone, and 80 tons of 10 per cent. and shows earnings Advertiser's information, he has respectively at 21. 91. per lb of more than deable that figars. found another dye material from for delivery f.o.b., equal, Almost the only bint given as to wild plante which cannot serva. may, to 34, per lb., delivered Reab's wildness daring its early as fodder for animals. The extract port of Messrs. J. Spant and Co., Tronohs

The weekly collon market re- Raubs London. Laat week, in quding's south is to be found in the from there is somewhat similar dated Shanghai: February 1, Urals forcoast made by a leading market statement that "it is hoped to indigo. It is feared that the states. That reopening of the authority as to the production and to reclaim a further 100 acres out materials produced under low market after the Chinese new consumption of rabber for the of the 412 acres previously cost of production will kill the years 1917-20, I remarked that planted and abandoned.” the figuren erred on the side of year, as the result of past mis safety. The conemmption estim deeds, the company's working aise, it seemed to me, were reason coats were high, but Raub in able, but the probable catpat was future will keep strictly to the over-stated. This view, I find, paths of vitine. On its estimated agress with that generally held in crop for 1918 17 of 130,000 lbe, market circles. The forecast of profit of only 1s, per lb, would production for 1920, for instance, show earnings of 32 per cent.-

kat which has so far shown lli-H'phreys Est. was based on the assumption that result calculated to stagger thore

Sharp Rise of Silk, Lle or no signs of improvement. Kioon Lands The activity on the export mar- The situation is farther acorn-Shai Lands the average yield from len-year- who remember Baeb ander its ket in Yokohama for raw silk to, tanted by the rise in the pries of West Points old trees will be 400 lbs. per acre, original name of Sungei Liang, wards the end of last year caused silver, which preslades possible and that trees of fifteen years Earnings should give 850 lbs. per sore. I reported by Trolak a year ago, mediately, upon the turn of the spinnere. On the other hand the Kung Yiks

were an increased buoyancy. Im obances of basiness with Japanese Ewos contend that, although favoured when a dividend was paid of 20 month prices advanced by Y.30 country is reported to be very S'hai Cottons ontates have given the latter yield, per cent. Although the net on January 4, and further by Y.10 sparsely provided with yarn and Yangtszepoos the figures are too high to apply revenue for 1915-18 rose to £21,- on January 16, In spite of the sd- dealers are expected to come an an average to the whole of the 185-equal to no less than 85 per rance sales continued favourable, forward wooner or later when it Borneos 1,500,000 acres now under rubber coat. on the company's small and mounted during the follow is confidently expected by the China Light & P. b.. in the Middle East. Some capital of £25,000—the dividending foor daya so no less than Chinese merchants that some Providents sathorities hold that 300 lbs. per remains at 20 per cent. In die 180,000 kio. Large sales naturally movement will take plaos in the Dairy Farms zore, when in fall beating, is all tribating less than one-fourth of reduced thist can be expected as an average, the earnings the directora an in

stocks, which market locally. The balls farther Green lalands. s. In the well-known scale of Mr.nounce that they have during firm tone of the market. On from the interior marts have H.K. Ice Co.,

tara strengthened the contend that arrivalu of ootton H. K. Electrics b. H. T. Brice it is assumed that the year repaid cat of profits January 22 buyers, mora especial fallen off considerably, being Ropes a good estate, when ten years old, loan of £7 500. The company is ly the Mitsui Bassan Kaisha, ruled to a great extent by the Steel Foundries. will yield 400 lbs. per acre; and very badly hit by the excess pre- showed a pronounced eagerness holding policy on the part of the rams, Low Level u. this Bgare was accepted na a fair fita doty, and as its year ends on to buy and prices were again seat farmeza, who have from past ex Trams, Peak, new n. maximam by the Babbar Growers. September 30 it beams liable for ap by Y 20, quotations for No. 1. perience shown that their financial Laundries

Trams, Peak, oldn. Association when arguing their day in 1914 and has now to meet beat Shinsbu rising to Y1,200. situation leaves nothing to be U. Waterboats b. CABG recently before the Board of three years' liability. Trolak At thres quotations about 70,000 desired. In the circumstances, Watsons Befereer. Although, as a general certainly is a hard case. The kia changed hande. The sustain therefore, farther developments Wm. Powells rale, I regard a maximum of 400 company was formed in 1906, ed setivity on the raw silk export will be watched carefully by the Morning Posts n 1b, as high enough, I have at and in tea times, in dealing with estates a total of only 50 per cent. tinued and increased purchases decided movement one way or the has paid market is principally das to con- trade generally, and pending a quite in the front rank, assumed This is a miserable return on a from the United States. It is not other, buyers are advised to set a maximum yield of 500 lbi, per rubber abare, but a company that generally expected that this cautiously. Tone of the market, sere. La the question of yield is in one year earns 85 per cent, sotivity will ecffer soy decline in Quiet. vital to all forecasts, I publish and is still iccreasing, its output the near future. below an analysis of come" actual eridently has a very good time results. The interesting table here in front of it. Holders of the reproduced showing the resatte shares will no doubt complain ob'ained in Malays in the year bitterly of the duty. Some per 1914 was prepared by the Babber bapa will take the advice of a Growers' Association some menthe prominent rubber director and sgo, and deserves more attention write to their members of Partia than it received at the time:- meni. I sincerely hope the new Chancellor will give them the relief they deserve. But, how ever loadly they complain, I advice holders not to sell their Trolake. Let them put up with 488 their beggarly 20 per cent. divid 452 end until we bars beaten the Germans, and then in the years 518 to come their dividends shall be

hyste

Katatos.

Агагада

Besting Acre Yield per

Fichest

Yield por

Jubore

B

338

Negrisembilan 14 366 Perak Selangor

13

300.

38

323

71

327

406

In scarcely a single caes can it be aaid that these estates had reached

full maturity; yet from a total ares in bearing of over 62,000 Вогев an average yield was obtained of 327 1be, per sore: and, curiously enough, 300 lbs.

per acre instead of appearing as

maximam actually appeara sa

a minimum. So far as Malaya is

concerned we can dismiss the

of £9,300

Joara

increased four-fold,

Java, Japan and Coal.

The Steel Trade.

The general temper of the steel Pittsburgh, December 29.- market has been clearly disclosed

Reserve Banks and Europe. Whether, during the war period,

IL

6.36 21 and a Pati, 8130 Fakta 19

ALDE FINE every hi! how

11.00 8.6 to 22.43 1,Me

STRY GEMİEr of så besti

SUNDAYS

to 20-je aim, Evzar ig mintiles

11.00 A-L

ET

21

"

#

#

N.

GET CARS on Work Days

SATURDAYS

Labs Car

SPECIAL CARE,

+

BANKS

HONGKONG & SHANGHAI

BANKING CORPORA

TION. Paid-up Capital .........$15,000,000 RESERVE FUNDS:

Sterling

£1,500,000 at 2hi

-$13,000,000 Silver....$18,000,000

$$$.000,004

Reserve Liability of

Proprietors...$15,000,005 COURT OF DIRECTORS.

How Mc C. K. Saton

W. L. Father. I. “Chatur.

3. H; Dodam, og mileputy Chairman

•Party Eng

"OKENY: MATAGER Hongkong-N. J. Beard, Boq,

MARAGES Khenghaimi, G. Stepten, Esq. London Bakers-Landes County and Wastamister, Limited.

Kangkung-Interest Allowed i

On Current Accounts at the make of 3 per cenI

ALFUM DN the dally balanoS

ON FIXED DEPOSITS.

For month, lå per omni, pat masuan, Yost, per cast. pať GMA. Forte months, 4. pwr ouat pet saam. N.J. STABB.

Chief Manager.

HONGKONG SAVINGS BANK,

TEE Business at the above Bank in caducand by the HONGKONG AND SHANGHAI BANKIND CORPORATION. Rules may be obtained on application INTEREST on deposits is slowed on the male- Ima maoshiy baianoes et så per cantar AREUM, Depoddies may transfer, at their option, balsoc of $50 or more to the Hongkong and Shanghai Bank to be placed on FIXED DEPOSIT Rt 4 cost per abham,

For the Hongkong and Shanghai Banking Corpora

N. J. STABE.

Chief Managaz.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Bojel Chacine 1913-

READ OFFICE-KORDON, Pald-up Capitals, an

He's Food

•

LO8.008

Reserve Liability of IraurNTER TA000

FOREIGN EXCHANGE und Genormi Bankies

balar transacted. CURRENT ACCOUNT opened and FIXKC DEPOSITS received for 1 year or shorter perioda, rates which will be quoted on application.

T. C. DOWNING,

Manager Hongkong, 11th April, 1912.

#• *rangunt of the Compoer's (5′′s, Alarmados · Baldags, Dm Tour Load **Season sad punch ticheta avaliable for all cars Eht already fall, remming at the time stated in the Company's time table, but set for Special Cars, Ca be stained on application at the Company's Oc No Basson ticket will be borned sail payment that for me bead made in Barit Sotas me by CheTHE Compradore order representing Ask Fo

n.

B.

$113

n.

$911

8.00

b.

OD AL

10 KooK

5.

$35

* No to

1:00 P

1.00 5001

ZL

B.

t. 8#

5.9 2. t

Kok, is 6915

$75

$21

COTTON MILLS.

t. 145

B.

п.

t. 19

118

Д.

કે

MISCELLANEOUS.

$8,00

$4.50

$8,90

$251

$11.60

THE

$19

A.

$ 180

色

$341.

$95/*

$7,90

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

10

$1

1.

$81 $1534

b.

B.

$29

B..

CORRECTED TO NOON WEDNESDAY

BENJAMIN & POTTS, Share and General Brokers,

Princes Ballding.

Tel, address: Broker,

FEBRUARY 7, 1817,

EXCHANGE.

SELLING.

JOHN D. HUMPHREYS & CO.

CHINA PROVIDENT LOAN AND MORTGAGE

CO., LTD.

Lousa on Boringy of Homse Property, &c Goods received on Storage

Advances made-un Marchmalise.

Loans made on the Provident System. (Rates and Partiostars on application),

The Dice of TRUSTEE EXECUTOR OF WILLS, ATTORNEY, &c, Undertaker and Executed.

SHEWAN, TOMES & Co. General Managers.

MITSUBISHI COSHI. KWAISHA. (MITSUBISHI CO.) COAL DEPARTMENT.

SOLE PROPRIETORS OF TAKASIMA, OCHI, MUTABE, KISH. IDAKE, YOSHINOTANI, HOJO, NAME. ZUTA. SAYO, KAKAON, SHINNEW, KAMIYAMADA, BIBAI and OYUBAR

Collieries. Agents for SAKITO CORL.

HEAD OFFICE:-- MARUNOUCHI, TOKYO,

in the past week. There has and with the continuance of been an almost complete absence abnormal war trade, the relation- of inquiry for sleel for the late ship annonceed this week between deliveries, say for the third or the Federal Reserve Bank of New T/T.................. 2/4 fourth quarter of 1917, while on York and the Bank of England Demand the other hand there has been will have an important bearing on 30 die..............

2/4 5/16 as much inquiry ea ursel for the gold movements or foreign_ex- 60 d/s.

2/438 early deliveries, prompt and first change, is something on which

21472 quarter, involving all materiale, doubt is expressed in Wall Street, T/T Shanghai....

............... 2/4 9/16 finished steel, anfinished steel, says the New York Evening Post, TIT Singapore... 10334 Nom. pig iton, and coke. To what- The connection with the English / Japan

BRANCH OFFICES :—NAGASAKI ever the sudden, slowing down Bank was made under that sec- Demand, India

1099

MOIL KARAISU, WAKAMATSU, T/T India ....... 1714 Nom. KOBE OBAKA.EURE TOKYO, YOKO in the market in the second week tion of the Federal Reserve sot T/T San Francis-1

GIAPI MURORAN, BAKODATE 171 Nom.HAMA, NAGOYA, TSURUGA, VLADI. ia December should be attributed, which permits the Rezerve Bunke

VOSTOCK, 56 the fact is clearly established that to "open and maintain banking TT Java

HANKOW, PEKING, LONDON, NEW YORK, SHANGHAL HONGKONG, HAIPHOXO and CANTON.

co & New York)

18534

32734

all buyers are very conservative accounts in foreign ountries, T/T Marks... Nom. ceived in Japan by the Mitrai strenuously engaged in the bus countries."

According to a telegram re-while on the other hand they are establish agencies in foreign Demand, Paris

88 to te more distant faturo, appoint correspondente, and T/T Francs........... 3.27 Baseng Kaichs on January 18iness of the present aai im-with the Book of England may the Indian Government has mediate future, and faced with have important results hereafter The relationship! probibited the export of coal to the most serious transportation in the international money mar Java. The telegram mentions difficulties since the great railroad kes. Investment by one financial 30 3/s. Sydney &} no reason for the measure, but it blockade of 1992-3, they are mak-market in the discount paper of

BUYING. 4 m/s. L/C .................. 2/5 1/16 4 m/s. D/P

......................... 2/5 3/16 6 m/s. L/C... 2/55/16

'Melbourne

ia aesumed that it has been taken ing increased effort to provide another is one of the familiar 30 de San Franc

Cable Address:—“IWASAKI," Cod : Al, A.RA. 5th Ed., West- era Union, and Bentley's, AGENCIES:- CHINKIANG-Messrs. GEAR-

G & Co., MANIA-MOɛɛia, MACONDRAY & CO, SINGA-

MERCANTILE BANK OF

INDIA. LIMITED.

Head Office 15, Gracechurch ·

Street, London,

Authorised Capital .............. £1,500,000 Subscribed

Paid Up Reserve Fund

H

6+++

1,125,00€

*

582,500 $50,000

BANKERS: The Bark of England,

The Loodos folet back tank, Limitad

Bomber Calestia Colombe

Delhi

Galle

Hongkong

Howish

Kandy

BRANCHES

Port Louis (parisi

Kota Bharu

Madnes

Kanch!

Kuala Lumpm.

Maong

Sangoos

1 kangbal

Llagapers

PONGKONG BRANCH,

Every dmcription of Banking and Exchange busive transacted.

interest allowed of Current Accounts at a per on per lemn on Daily Balances, and on Fixed Deposi af als vizick may be ascertained os application

C. CHAMPKIN,

Acting Manager, -

INTERNATIONAL BANKING---

CORPORATION.

BRAD OFFICE:

$5. Wall St., New York. LONDON OFFICE: 36, Bishopagnie, EC. CAPITAL PAID UP RESERVE FUNDS

......$3,250,000 ..$3,931,000

..47.181,000

US. GOLD.... BRANCHER

BOMBAY CALCUTTA

CANTON CAZU, COLON KLANKOW.

HONGKONG PEKING, KOBE LONDON

MANILA

SAN FRANCISCU SHANGHAI SINGAPOR

MEDELLIN TIKETSIN PANANA

YOKOHAMA

Through its done willation with The Mellons City Bank of Hey York, the Bank is able to offer the Service of the Branches of the Inasizusion in Cats and South Ambrica, Namely

BAHIA BUENOS MONTEVIDEO, LIO

AIRES, HATANA SANTIAGO DE CUBA, SANTOS,"

DE FANBIRT PAUL), VALPARAISO,

BAO

All kinds of FOREIGN & LOCAL BANKING BUSINESS nuclad.

CURRENT ACCOUNTS opened and PIXED

PJRK-Messrs. BORED CODEPOSITS received at rates id be aaschtaland or

2/5.5/16

inco New York

5714

LTD. GLASGOW-M-ssre?_R. IROWN, MCFARLANE&CO,

Nom. 3.39

to conserve supplice in fedis. themselves with all necessary financial practices of Europe, 4 m/s. Marks Java har bitherto imported quite materists for conducting their How heavy each operations may 4 mis. Francs ...... notion that 300 lbs, per acre when a large quantity from Indin, sad business in the next few months, become is shown by the following, 6 m/s. France...... 3.44 in fall bearing is a fair average. it is expected that the Indian Prices for forward delivery are all written in January, 1903, to the Demand, Germany.. My point is, however, that the authority whore figures I disaans further increase in the

prohibition will produce ed last week erred in the other mand for Japanese coal. Accord them. Prines for prompt deliveries don

well maintained. There would be New York Commercial de-absolutely no icoantive to reduce Financial Chroniels by ite Inn. TIT Bombay..........

and Demand, New York. 561% direction in assuming that 650ing to the latest investiga- of finished steel sro aven stiffen-ricos 1890, when French bankers Caloutta..........

e, per sore would be obtained tione, says the Japan Chronicle, ing. Spot ocke Las old at fancy began to fear a crisis in Germany, Demand, Caloutta... 1713 Nom. correspondent: Erer Demand, Bombay... 1711⁄4 Nom. although his optimștes of future last year amounted to 23,003,000 contracts in forde, and on which amounts of money they bare On Haiphong..... 24% prem, as a fair all-round maximam, and the total outpat of coal in Japan prices, abors $10 G. a top, while they have greatly increased the Demand, Manila demand may prove corrent, 1 tape, of which 2,600,000 tons insuficient deliveries are being been employing in London, until On Saigon............

118 doubt whether by 1920 the world's were exported, the reminder mada, range generally from $2.25 according to the best estimates On Bangkok

Demand, Singapore, 100 orop of rubbar will ra ch 312,000 being consumed in the country, to $2.75. Blast furnnots beaked that can be formed, in the sum-Sovereign.... tons. While I agree with the con- Of the total domestic consnmp on account of lack of coke num-mar of the year just ended, there Gold Leaf, per oluvion batz

shortage of tion, 2,300,000 tons, or just 10 ter between two and thres dosan, was French money employed here Bar Silver, per os..... 57 7/16, rabber is bound to come, I hold per cent. of the total output, was cutting down the country's rate of worn. 30 and 40 million. the view that the shortage will be consumed in Osaks, where the be felt before 1920. Both as largest consumption was shown regards the sins of its inned, by spinning industries, amount striction capital and the extent of its ing to 405,000 tons, followed by Pittsburgh, valley, and lakefront money market had been due to Chinese... 20 cts plece dis planted ares Taiping ranks as the electrio and gas enterprise, coke furnicer. The output of Snished "the immense balances employed Chinese 10396% dia

in obiefly among ten that the ease of the London |- DISCOUNT PER $100: tet important of the companies manufacture, glass industry, re- steel is not redpoed as macb, basin London by the loading, French Hongkong 20 sta, pisces); par. Whose reports: have appeared fineries, etc..

rather by about 10 per cent. banks."

Hongkong 100

prem.

48 652 849 Nom

of pig-iron production by moms sterling." The preceding your SUBSIDIARY COINS. thing like 18 ger oant. The re- the same correspondent had writ

For Particulars. apply to- K. KATO, Manager, Longkong, No. 4, Fedder Street,

MARTIN'S IPIOL &STER!

Cannot be Beaten, if - Bau for Bread Cakes Conte

THE ALEXANDRA CAFE

application.

X, S. MARSHALL

Hongkong, 26th September, 1916.

THE

YOHAMA SPECIE BANK,

LIMITED.

Ealabinched 1680.

Authorised Capitai Von 48,000,000 Paid-up Capital

30,000,000

Reserve Fund „..... 24,800,000

Head Office-YOKOKAMA

Dew You

Omar