1917-03-21 — Page 9

TM. HONGKONG TANG

COMMERCIAL

&

heretofore enjoyed monopoly in the Indian market, clever Japanese imitation is now finding a ready sale at a prive 33 cents lower per piece than the American branda."

NEWS

PH WEDNESDAY, MARCH 21, 1917.

HONGKONG SHARE REPORT

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

OFFICIAL PRICES.

BANKS.

Indian Specie Bank. sot to restore the foreign trade of order of Mr. Justice Macleod the ly depending upon Japanese ship. Bombay, 21st February: By Chins, which had been prinsipal- Official Liquidator of the Indian ping, Mr. Hasson said. There Specie Bank, Lád., has declared it a good opening for United the third dividend at the rate of States trade,” Mr. Hanson assert- four sunas in the rupee, payabled. "In cotton goods alone the on and from 1st April, 1917. imports in my district are valued This dividend will bring up the at $5,000,000. It is difficult to distribution to creditor whossell, however, just what share admitted claims smoant to over, United States goods represent in Cantons rapses 10, to twelve annus in the the imports into my district, as rapee.

many of them come through the Unions United States and South Chins free fort of Hong Kong, where Yangtzes

they lose their identity."

Trade.

per

Banks

#BANK..

BANK OF CANTON, LIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General Banking Business Fransacted.

INTEREST ON FIXED DEPOSITS:

For 3 Months 3% per annum.

$580

MARINE INSURANCES.

North Chinas

58.

$370 1, 180 $890

- ex 73.8235

FIRE INSURANCES. China Fires b. H. K. Fires B

$155 $3521

SHIPPING.

For 6 Months 4% per annum.

15.

Fia

$108 $18

For 12 Months 41% per annum

b..

$127

1.

$411

D.

108/- $53

58

$180 $35

REFINERIES.

MINING

IL

息。

Di

LOOK POON SHAN;

381- PEAK

t. 19

$2.35

DOCKS, WHARVES, GODOWNS, &C.

West Points

Chief Manager.

NOTICE.

NOTICE.

TRAMWAYS

20. LIMITED.

TIME TABLE

1.00, L

10.0€ 4., to

WEEK DATS

400 Ivana 15 minuten 10.00 6

16.45 72 sig a

ME:

1E PAD

ORTALYA WOKE

100-20 NIGHT CARE

N

พ

M

"

【

1-ja puki and ↑ Path gayo sane U

11.00 wwwy kill how

CHEWY PACKer of us bour

sane Boon to

BUNDAYS

R

Ho

BANKS

ONGKONG & SHANGHAI BANKING CORPORA

TION.

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

Sterling

£1,500,000 at 21-

-$15,000,000

Silver $18,300,000

$3$ 50,00

Reserve Liability of

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

8. H: Dod, Esq, «Chairma+,

J. A. Plummer, B. Deputy Chairman Has Mr. C. I. Antos, G. T. M. Makian Kag + 0.1 Gubbay, E. Mon. XP.K. Hotpor E. V. D. Put, Eng. Win Puitrodes, Reg.- Chairman Don. Kr. X. Ehelim

ORLEY MAXIDES Honger. J. Babb, Zng,

MANAGER Shanghai, G. Stephen, Esq. Losdos Bakare-Londen Oceaty sed

Wawer, Limited.

Hongkong-Interest Allowed :

Os Current Accounts as the rata of 3 per cent.

sanim og the daily balsoCT.

ON FIXED DEPOSITS. For 3 months, If per cent par sakum, Zor

Boats, percent, per munka, Fortsmouth, 4 per cent, per annum.

N. J. STABB, -

Chief ManagOR.

HONGKONG SAVINGS BANK.

TEX Bealand of the above Bank is conducand bu sha HONGLONG AND SHANGHAI BATKEd CORPORATION,

Raias may be obtained on application INTEREST on deposits is alieved on the sun turum monthly balancam at Syi per cent per anggun. -

Deposion may far, at their optics,

of $100 or morn to the Hongkong kakamani

Back to be placed on FIXED DEPOSIT 24- GEOL. Der Antim.

For the Hoogkong and Shanghai Emoking Corpen tice.

N. J. STABB,

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA

Incorporated by Royal Charter

아

28/

$8 14

$127

料

t. 88

LANDS, HOTELS AND BUILDINGS.

Centrals

IL

H. K. Hotels Land Invest. Kloon Lands H'phreys Est. hint

11.

$13 $102

3.00

wgo aim, Ertat ky minutes

$94

21.00 4.1.

HEAD OFFICE-LONDON,

事

"

11 39 AM. to”

en Maður

Paid-up Capitali

3.

$6,25

H

11

Tend Walke

The

$38

100 PILI O

Resive Liability of Propter

£1,000,000

191 Pa. 10

n,

£. 86

b.

$70

COTTON MILLS.

-n

t, 180

n.

t, 18

6.

Д

4. 120

t. 5

not already full, running at the tona staind is the

be obtained on application at the Company's Offic

No ticket, will be issued untă peƒment there-

#8 $4,70

E. b.

$8.10

$24

THE

b. & sa. $9.

LOAN AND MORTGAGE

11,

$49

CO., LTD.

$160

82.

$29

$10

87,20

$9.80

$1

$31

$16

b.

362

1.

33 $29

Chinese Cotton.

| Cotton Cloths on Indian-Market: Moiss. J. Spunt and Co.'s To illustrate his report on vot- weekly cotton market report for ton cloths sold in Bangal, Mr. March 15 saysThe upward Odell, Special Agent of the tendency of prices continued United States Bureau of Foreign during the past week and values and Domestic Commaros, has were carried soother eight muoe sent to America an unusually to one taal per pical above the complete line of samples of such level ruling a week ago, making goods which were recently dis- a total advance of about Tis. 2 to played at the Customs House, Ts, 2.50 since the beginning of New York. "While most of the the present bull movement. Aamples are of Manchester cloth," stars of the market was the reports the New York Times, heavy profit taking in evidence, there are a few from Scotland although cfferings were easily and Holland and several from absorbed and failed to make Japan which latter are very mucb impression on prices. The tanible evidence of the Encores existed for trade between the Referring to the openings that yarn situation continues very firm attending the present Japanese United States and Southern China,

Excess Profits Tax. with practically no abatement in trade campaign in India. While Mr. Geo. O. Harbor, U. S. Conal and preparing tungsten, melyb Douglases

The business of manufacturing: the demand, notwithstanding the certain American brande of drills at Saatow, said the combination denum, chromium, tantalam, Steamboats recent advarcen established in have

of United States manufactures, if romadism, and their alloys so far Indos (Del.) some quarters, while inquiries for

employed to extend the sales in as the same are used in the manu- Indos (Pref.) cotton from various spinners show

Southern Chine, would probably facture of high-speed steel, has Shells that a good part of their males are

meet with good access. Direct been granted by the Board of Ferries being covered at prices that one

representation of U. 8. houses, Referees, the percentage to 12 in would reasonably expect to show *.profitable margin. It

rasher than representation by the case of a company, and to 13 Sugars Kwangtung Trade, is not surprising, thesefore

ngenta, was an important need of in the case of a private individual. Malabons H.M.-Consul-General at Can- the trade, and under existing And rubber has only 10 per cent, that the trade should evince great ton writes that the recent political conditions only the larger com- and 11 per cent. At the annual Kailans ABETODIDESI, more especially troubles in the Province of panies could afford to maintain meeting of the Bajos Kidel Com-Langkats when exchange fluctuations are Kwangtung have completely such connections. The British pany the chairman emphasised Raubs playing such a heavy part in the disorganised the import trade. It at present control practically the the technical dificulty of inter-Tronohs profent advance. In

the is understood, however, that most entire cotton goods trade in preting an Act of Parliament Urais circumstances there seems very British firme at Osnton' are tran- Southern Chins, largely because drafted with the knowledge that little to be said regarding the acting a greatly increased agencies with direct Manchester husbandry in Britain was exempt outlook in the near future and volume of business, and although connections maintain fall stocks from its application. The fact H. K. Wharves sa while prices may be carried a few this increase is not entirely of their products at Hongkong, that a large amount of British Kowloon Docks b. Foints higher, one must not in British goods, those firms the distributing centre for capital has been invested abroad Shai Docks Loverlook The fact that a slight reare obtaining a hold on the that section.

sation in silver will immediately local market which should be opinion that the pooling of to have been overlooked by the

It in my

in agricultural enterprise appearu effect the position. Tone of the of benefit to United Kingdom interests would be of material draughtsmen. " market, Strong.

manufacturers as soon as they sesistance in enabling the U. 3. Lever Bros. v. Brunner Mond, are in a position to retume ship-manufacturer to gain a foothold

Commercial and Froduce In the Court of Appeal on ments on a normal role. The in the market,” mid Mr. Hansen.

Markets, February 6. Lorda Justice following are some of the articles The acquisition of trade will rate remains unchanged at 5

London Feb. 7.-The Bank Swiofen Eady, Bankee, sed in demand in the Canton market: require persistent efforts. So far per cent. The Open market rate Beration heard sa appeal by the Pitos goods, machinery, metals, the U. S. interests generally lack for short loans is still 48 to 5 Asociated Enterprises, L'd, kerosene oil, drugs, photographic the permanency of their com- cent, and discount of four months* from the refusal of Mr. Justice and chemists' sandries, cigarettes, petitora. The British send young, Bank bille 5 per cent, The Ewos Rowlatt to grant a writ of sequest soap, lubricating oils, painte, men out, 18 or 19 years of age, Silver market has been firm, Kung Yiks ration #gainst Branner Mond varnishes, easmelled warr, marine who orme with the idea of living owing to the small supplies offer- S'hai Cottons and Co. for disregarding m. tors, motor boste, motor pampa, in Chins permanently. They ing, and hara ste now quoted at Yangtszepoos interim injunction granted by paper, rubber and leather goods, naturally obtain an insight into 37. 7-10d. per os. The Rubber Mr. Justice Sankey at the instance window glass, fertilisers, alkalies, Chinese customs and needs, Share market has been quiet and Borneos

MISCELLANEOUS. of the Associated Enterprises, do,, baberdashery, do,

b. Ltd. Sir John Simon, K., for

which the American, who comes featureless, but quotations show China Light & P. b. the Associated Enterpriser, said

Manchester Goods. London Feb. 7.-Cotton is very the United States as soon as Dredger. Company bu

with the idea of gatting back to little alteration. The Chinese Providents that company was formed and unsteady. No change is notice possible, lacks" He, Hanson registered with capital of Green Islands

been Dairy Farms owned by Lever Bros., Ltd., of able in the cloth market, and pointed out that previous to the £20,000. The Obins Tan market HK. Electrics Fort Sunlight. Brunner Mond there is still nothing doing for wars considerable proportion of bas been firm, with a good H. K. Ice Co., and Oc. did not carry on the India, and, in fact, the East Chinese business of soap makers until generally, unlean it be a few small the

imports from inquiry for nearly all descriptions, Ropes November, 1911, when by agree-lines for Chics. Many of the bandied by

United States was | Ct fee has met with good demand, Steel Foundries n. mente with the shareholders in export houree, write Messrs. J. houses, whose business

German import and priose show

Trams, Low Level n. * further Trams, Peak, old n Joseph Crosseld and Sons, Ltd., F. Hatton and Co. in their market been destroyed in the last two tinues in excess of supplies, and Laundries

had adrance. In sugar, demand con- Trams, Peak, now n of Warrington, and William Gos- report, can show a blank order years. These houses were cut off prices remain firm. Peppers U. Waterboats b. ssge and Sone, Ltd., of Widoes, book for the present month-an from German supplies and the have been firm, with dearer Watsons it acquired the control of both unparalleled occurrence if one Allies refused to ship to them. price. Bios

In June, 1915, an excepts the first three months of They turned to the States, but Manila Hemp maintains a firm Morning Posts 6.

continues firm. Wat Powells Agreement was made between the the war. Messrs. Robert Barbour were prevented from securing tone, but there is little business Asociated Enterprises and Bran and Brother, Ltd., write in their American goede by the refusal passing. Plantation Babber has ner Mond and Co., with the object monthly Market Report:-From of Britiab, and later of Japanese, been firm and dearer, Standard of regulating competition. By the point of view of fresh business ships to transport producta con No. 1 Grepe being now 38, 131. that it was agreed that the bus the opening month could hardly signed to these houses for distribu: per lb., and Smoked Sheet 35. Share and General Brokers. iness of Joseph Craefield and Sons have launched the year lens tion. Mr. Benson said that the 1. per lb. Fine Hard Para is and that of William Gossage and suspiciously. The market was British had lost part of their trade 38. 311. per lb. Straits Tia is Some, should be carried on for unusually diffident and slow in in Southern China during the first £202 104. to $202 15 for cash, the matnal benefit of the parties getting to work after the holidays, year of the war, but that in 1916 and £203 10. to £203 158. for to the agreement, that Bronner and the suberquent couree of they had regained much of their Mood should not become interest events did not tend to revivekes, While Japanese colton goods ed in any other soap business enterprise or restore confidenos. were making headway in Northern and that a pool should be formed Cotton which at the opening China they had so far mat sup.

Cement. to which one of the parties should had a stronger tone became planted the British product in ths before the war the cement in quíte long time contribute a fixed eum and the later other the whole of the profits of fatures factested in bewilder United States cotton goods should mot depressed linos in Japan. 60 dẫn. .......................................

Tory unsettled and

Rowth. "I know of no reason why destry was probably one of the 30 d. .............. Oros field and Gossage. Last your ing fashion. The ginning figures not be sold in Southern China," The European war, however, bas the Associated Enterprises heard to end December of 11,045,000, id Mr. Hanson. "They are not, quite altered the status of this T/T Shanghai.... that Crosfield and Glosssge were compared with 10.645,000 Last and it would take strong eñorts to industry. In addition to increased TT Singapore antering into an agreement with year, and 14,448,CCO in 1915, overcome now the popularity of domestic demands consequent Japan******* Price's Patent Candle Company, though generally translated as the established British brands, upon the prezent prosperity, T/T India under which each should sell its bullish, failed to impart any Kerosene is the most important there has been a growing increase Demand, India Chins business to the China Soep stimulus, even with the help of item el importation from the in exports from Japan, and the T/T Ban Franck

Nom. and Candle Company. This the certain disquieting rumours in United States. Substantial sales improvement of the industry bas TT JAVA...... 137

5514 Associated Enterprises regarded regard to the forwarding of of condensed milk have also been been particularly pronounced T/T Marks............ Nom as a breach of the agreement of supplies to this country. The recorded, but the Americans have since last summer. The follow-TIT France.......... 1918, and Mr. Justice Sankey later figures to January 16 of not. gone after this trade as in- ing figures supplied by the Japan Demand, Paris ....... 3.2434 granted an injunction on that 11,147,000 were read as con- tensively an have some of their Chronicle, basis. Since then Branner Mond firmatory

latent had done nothing, though by pectations of about 13,000,000, advertised through large posters Japanese principal cement com

ex foreign competitors, who have stendard quotations given by lifting op cas foger the whole

including thing could have been stopped last year's total of 13,053,000. rato have destroyed the United linters,

against all over China, The high freight | panion:- Mr. Upjohn, EC., for Branner Not only was the delay in delivery States trads in four, which is now

Asano Cement Co. Mond and Co., said the agree of cloth becoming more pronoun- being supplied by Dativo milla,

...Y.6.00 Onods Cement Co.

30 dja. Bydney &); menta complained of were exced, but bleachers, said to be The Chinese prefer the American

580

Melbourne... Aichi Cement Co....

5.70 tarad into by

Nippon Cement Co.... 5.60

30 d/s. San Frano-] Croefield getting on short commons as product, however, because it is and Gomage siz months regarde

Sakura Cement Co. ...

isco New York/ 5.60 bleaching materiale, whiter, and just before I left my before the injunction,

4 m/s. Marks and printers and finishers were all fal post at the beginning of October, little over T.5.70, as compared 6 m/s. Francs

The above prices average a Branner Mond could only ling more and more intervans by way of summoning while to farther aggravate the from the United States again, due average price at this time last Demand, New York. 55%

behind, shipments of four began to come with 1.3.60 repromoting the Demand, Germany meetings to alter the articles of hold up and make the financial to the softening of freight." year, or an advance of 12:20. Tom Bo sociation of the two companies. look-up still more burdensome, a The war has stimulated Ohio. This advance is, of course, Caloutts This Brunner Mond was not reduction

Demand, Bombay... Nom. oalled upon to do by the in- of mailings

in the frequeno 680 native industrion, Mr. due to the expen jacotion. Sir John Simen threatening evidence.

in rather Hapon meid, and had produced a munde

of de- Demand, Caloutts... Nom. over the (proceeding) submitted that Bran- retained all its recent notoristy the coastwise trade, although not more than 3,000,000 barrels On Haiphong

China considerably incressed activity in which at prosent amount to Demand, Bingapore. 9934

supply Demand, Manila Der Moud had disregarded the for disappointing absence of prao: high freight raten had prevented a your. It is true that the comment On Saigon injunction, Lord Justice Swin- ticable demand, the approach of a corresponding gain in imports companies have been, planning On Bangkok ....... 66 fan Lady suggested that this was the New Year no doubt sccount and Ayerbe Lesben Abe, four axisations of their equipment, but Boras

3.50 Mot 144% prem a matter to be devided at the trial, ing for some of the spatby. In industry, ho, cised the last that it is not yet known, when times Gold Loafi per o sad after some discussion it was goods, with the exception of anger was being grown ouɛn plesswill be works Mad? manged that there should be no scattered worting, ny lote, there" greater scale than previously in it is mikanind. order on the appeal, except that has been very little doing. W Boathern China, while the that eran mhan, costa be ocate in the action, quote Mediam Chins, 16 by 16 81 absence of German dyestafla sotaally anycoonbed and that the Associated Enter- 16., 116. 36.; 19 by 19 10 lb., 14). || had revived the prises abould have liberty to serve Sd. Yarns have also been galet; tion of natural indigo, a fresh notice of motion for leave quotations for medium descrip-resumption of the Preille to fanse a writ of sequestration to suns árs about Id. par ib. lower purvios, and the be deals with at the trial,

burinomes.

of

WAR

orop

three monika"

For

delivery.

show the

|onitivas | the plays madar con

The output will act ba Mail: keep paba with di

than at the date of our last report, 1 Rasprsss Insen would probably

the

I

CORRECTED TO KOOK WEDNESDAY MARCH 21, 1917. BENJAMIN & POTTS,

TIT

Princes Building.

Demand

4/

Tel, address: Broker.

EXCHANGE.

SELLING.

2/4

2/4 2/4 1/18

2/14

Nom. 9994 10334

Nom

co & New York

2/4 5/16

3.24

BUYING,

4 m/s. D/P

4 m/s. LIC.....

8 mla, LIC

2/4 13/16 2/4 15/16 2/5 1/16 2/5.1/16-

56

Nom. 4 m/s. Franos...... 3.36

141

>

* Ky

111

pren.

Bar Silver, par og...: 35,15/16 ··

SUBSIDIARY COINS.

DISCOUNT PER · 8100:

NIGHA CARS as on Wook Days

SATURDAYN

Rates Car att midnight.

SPECIAL CALL,

By Arrangemari at the Company's (ása,

Alecades Baddlers, Du Fence Band,

PORKON TICHANGE and Goours) Banking

business transacted.

CHEREST ACCOUNTS Opovć and POZE IEPOSITS received for 1 year or shorter period anus which will be quoted or application, T. C. DOWNING,

Manager

Hongkong, 11th April, 1912.

Company Case zabimet sot for special cars. O THE MERCANTILE BANK OF

far has been made in Bank Bola or by Chaque or Compradors onder repromting Bank Botas-"

JOHN D. HUMPHREYS & CO.

INDIA, LIMITED.

Head Office 15, Gracechurch

Street, London.

CHINA PROVIDENT | Authorised Japitai ......£1,500,000

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

Los on Mortgage of Hoam Property &c. Goods received on Storage

Advances made on Marchandise.

Leads made on the Provident bystam. Rates and Particular on application)

The Office of TRUITEL EXECUTOR OF WILLS. ATTORNEY, &c. Undertaken and X recatad.

SHEWAN, TOMES & Üc. General Managers,

MITSUBISHI GOSHI KWAISHA.

(MITSUBISHI 60.5

COAL DEPARTMENT.

KISK-

SOLE PROPRIETORI OF TAKASIMA, ODMI, MUTABE. (DAKZ, YOSNINOTARI, HOJO, NAML. ZUTA, SAYO, KANADA, SHINNEW, KAMIYANADA, SIBAI and OTUBAR

Collieries. Agents for SAKITO COME,

HEAD OFFICE :- MARUNOUCHI, TOKYO.

BRANCH OFFICES 1-NAGASAKI MOJL KARAISU, WAKAMATSU, OTARU, MURORAN, HAKODATE KOBE OSAKA, KURE, TOKYO, YOKO- HAMA, NAGOYA, TSURUGA, VLADI. VOSTOUR, HARKOW PEXING LONDON, NEW YORK, SHANGHAI LONGKONG, RAIPHONG and

CANTON

Cable Address:—"{WASAKI," Cod s: Al, A.B.A. 5th Ed., West- ern Union, and Bentley's.

AGENCIES:- CHINKIANG-Messrs. GEAR- G & CO., MANILA-Messa MACONDRAY & Co., SINGA- P./RE-Messrs. BORNEO LTD, GLASGOW—M-ssm, A.R. I ROWN, MCFARLANE & CO., LTD.

For Particulars, apply to--

K. KATO, Manager,

CO.

Jongkong, No. 2, Pedder Street,

MARTIN'S

AROLBLAZ

-yen have lost your Commas of that biz dia, dainty dishes,

DEA CAFEEDE

Subscribed

Paid Up Reserve Fund

H

BANKERE:

1,125,000

382,500 350,00

The Bark of Lagled, The London (dist Stock Bank, Limkad"-

BRANCHEST

Bombay

Cakulta

Colombe

Delial

Galle

Hooghong

Нонта

Kandy

Port Lorities)

Karch!

Lets Share

Kuala Langat

Madras

Frang

Rangoon

banghat

Singapore

HONGKONG BRANCH.

Every description of Banking - and Exchange bankness trenacted.

Interesi allowed on Current Eccounts atspar o per ausus on Daily Balances, and on Fines Dupest a ralee which may be ascertained on applications.

C. CHAMPEIN,

Acting Managar,

INTERNATIONAL BANKING-

CORPORATION.

BEAD OFFICE:

· 55, Wall St., New York LONDON OFFICE:

*, Eishopsgate, E CAPITAL PAID UP RESERVE FUNDS .........

U.S. GOLD

BBANCHES:-

BOM KAY CALCUTTA CARTON CLEU. COLOX BANKOW HONGKONG

KORT

LONDON

......$9.250.000 $4,250,000

...$7,500,000

SANTO DOMINGO SHANGHAT SINGAPORE

KERN FIESTAIN

PANAMA PEKING.

YOKOHAMA

SAN FCIMO..

Through in close afflation with The Waticam! City Bank of New York, the Bank is sile an oing the Services of the Breaches of that Institevize a Cate South America, and elorarbers, namelyje

BAHIA, BUENOS AIRES, GENOL, HATAKA MONTEVIDEO, RIO DE SANTIAGO DI

JANEIRO

VALPARAISO,

PAULO, PETROGRADBA KANTOS

All kinds of FOREIGN & LOCAL BANKING BUSINEAS ansacted.

CURRENT ACCOUNTS opened, and FIXED DEPOSITS received as saspe to be ascertained on application

GEORGE HOGG,

Hongkong, 26th September, 1916,

THE

YOKOHAMA SPECIE BANK,

LIMITED,

Established 1880, Authorised Capital Yen 48,000,000 Paid-up Capital... 20,000,000 Reserve Fundimen

** 21,990,000

Head Offon-YOKOHAMA,

and