1917-03-28 — Page 9

THE HONGKONG TELEGRAPH, WEDNESDAY, MARCH 28, 1917.

COMMERCIAL

ני

NEWS

Refrigeratisg Stores for fidia.

HONGKONG SHARE REPORT

E-SELLERS; 8A-SALES; B.—BUYERS; N.--NOMINAL.

OFFICIAL PRICES.

` Japanese Spinners' Anxiety :: Canadian' Fliance and the War.

U. S. Iron Output. The American production of

• The notion, spinners of Japan Montreal, February 8.—The pst pig iren in January fell <# from It is reported that a cohens-is are'upîn sîms ägainst the pro-debt of Canada has increased from that of December by nearly 28,000 being matured for the erection of pound increase of China's import $335,000,000 G. on March 31, tone. Detailed returns show a cold storage" establishment at 1914, to $745,000,000 on the 31st toll of 3,150,938 tona, against many of the large Indian diles, dafies, and the Armoiation of of January, 1917. Added to this 3,378,647 tons for December, The such as Bombay, Mudras, and Cotton Baning Companies ie will, in all probability, be another daily rate was 101,843 tone, or Calcutta,

At the few pltoes Banks continually prodding the Tokyo $100,000,000 which will be about 900 tons leas than in Decem- where bold stores exist, they are authorities to interfere. It is said, the cost of maintaining Canada's, bor. This represents the dowers, far too small for the require that the Foreign Office advised troops overale, providing them daily output since November, mente and it is thought that Cantons

with ammunition and equipment. 1915. There was one more furnace when the work is cried North Chinas

Unions The Japanese manufacturers to For this purpose Great Britain in blast on February 1 than one out it will be an

Yangtazes

remove their mills to Chins and

amontona

BANKS.

D. MARINE INSURANCES.

$680.

1

$370 t., 150

b. & sa. #835

FIRE INSURANCES.

b. b.

I ex 73 $286

- '$185

SHIPPING.

་་

$1814

b. & ss. $125

$413

D.

103/

3.

.658

REFINERIES.

b.

b. & a. $125 $2914

MINING

1.

1.

A

38/~

t. 18 $2,25

DOCKS, WHARVES, GODOWNS, &C.

in contributing 6 shillings month ago, the total being 312, advantage to the inhabitants of day per men. The but the capacity is somewhat less, Indis. Ioe making plante will so avoid paying da yon manaíso. per

country's, prenues this year being 101,886 tons per day, also be installed, and thess will China Fires tured goods, but the mill meo do will be suficient to pay all ordin against a rate of 101,975 tons possibly have the effect of lower. H. K. Fires notkindly receive this engggestion ary capital expenditures and be daily on January 1. At that the ing the selling price of ice, which "on the ground, that it will affect sween $60,000,000 and $70,000,-going rate is now only 41 per in some parts of India. it ex-Douglases

their basinses at home. The best 000 of the principal of the war cent, below the average through-oussively high. Constrution Steamboats will probably be started sturdy, Indos (Del.) way to solve the problem, eay the expanditore, That Canada will be out 1916.

Cuba as Textile Market. and it is hoped that the whole) Indos (Pref-) mill men, is to let the duties called upon to take up another

Washington, February 9. robeme; which is or a very large Shells.... $100,000,000 domestic war loan remain as they A Tokyo in the month of March is cow American neglect of Cabs as a sole, will be completed in law Ferries Paper reports the following as the practically certainty besides the textile goods market has given years. The refrigerating cham-

́an ~ ertetive] Sugars Boothing view of the Department $250,000,000 which it has al other countries an advantage in bere will have

romuy

many bean decided to ramme for supplying cotton and woollen storage capacity, the buillings| Malabous of Finance "No doubt Japan ordinary war expenditures. The goods to the island. A report will in each case occupy K mant oppose all barriers that will $100,000,000 loan, though ex-to-day by the Commerce Depart prominent site in the city, and Kallans, incur injury, to the Japanese-pected to be a domesticaffair, may ment said the United States haasrohitecturally they will be ex-Langkats China trade, burus to the revision - be raised in New Yorkat the last sold only a small part of the tremely imposing. A large Raubs of the Chinese tarifs, even if it minute, if the exchange situation goods Cubs consumes when the Americas concern is intered in Tronchs does not take place this year, it is against it being raised here. tariff is 30 per cent, less on this venture, and one of the main Urals is an inevitable event in the years This loan will be used to meet American goods than ou similar ideas of the promcters is this the to come, so Japan most expect maturing obligations of the Do- commodities from cther countries. Indian retailer aba'l be as to such ́a change and must be pre- minion and to carry on public The island buys about $10,000,- purchase his most at the best H. K. Wharves as pared to meet the turn. There works. The Government still has 000 worth annually. ""The United market time, and have it kept in Kowloon Docks fore it is useless to ocmplain authority invulted in it to rains Staten," says the report, "is the cold storage until he requins it, S'hai Docks over the coming change. To loss to the amount of between logical source of supply for Cuben st a cost scarosly exceeding, and be satisfed in the present $25,000,000 and $50,000,000, parchasers of textiles, and should in some ossos less than if it were is not progress. What is the from the previous orders of the Le- obtain a much larger shaza of the kept in ordinary non-refrigerated Centrals eats at present may not be so to- gislature, which it has never taken business within the next few stores. morrow; we must strive to im- [advantage of, but sa this was not | yeara." prove the present so that we may enough, a nazotion for a further

Hupeh Paper Mill. The Manila Hotel nested a pro- always be in the front, otherwise loan was neiemaary. There in a we must trail at the tail-end. If fear in the mind of the Govern- St of P25,000 by its operations,

The Chinese Micistry of Fin- we can assure ourselves that wement that to raise many beavy during 1016. In 1915 the hotel ance is planning the re-ormas can obeck any change in the loans here would cause Canadians offered a deficit smounting to tion of the Horch Paper Mill, so years to come, the case is to sell Canadian securities in the P28,000. It is believed the in-that it may increase its otipat Ewor different thing, but that cannot United Stater to raise money. atitution is now on a sound basis and yield profit. The will is Kung Yiks I.. be expected. The only course and because of this, it is deemed and that dividends will be declar well equiped with up-date Shai Cottons open in for Japan to take what is more, wise to mire se many of the ed to stockholders this year.

machinery but its busines has Yangtszepoos coming to her and try to over-loane as possible in New York.

[ been very unsatisfactory owing to come all obstacles in the new Canada has advanced Great Bri-

The India Rubber World of inefficient management. The Borneos situation. If Japancae spinners tain $150,000,000 for payment New York, says it is not suppo- Ministry of Finance has appointed China Light & P. b. cannot maintain their present of munitions bought in Canada, able that with the crude rubber Mr. Liu Tzu-ching, Compndore Providents briskness in other conditions the and the Domision now owes the business in her own hande Britain of the Russo-Asiatic Bank in Dairy Farms same fate awaits other trade goods Imperial authorities $97,000,000. ll long omit to impose an export Honghow, Director of the Paper Green Islands to China. It is not a healthy,atep

tax sufficient to be of material ill. Share debentares will be H.K. Electrics asistanos in liquidating her immed to augment the capital of H. K. Ice Co., to be worried by the report and we must take steps to meet this

immense war debt. Holland, the mill.

Ropes trend of things."

too, bas suffered great financial

Steel Foundries loses through the war, and an ex-

#7

Sulphur.

I was expected that the in

Great Demand for Timber.........

Predicted.

The

«Manila Hotel Co.

An Export Tax on Rubber,

British Trade Restrictions.

H. K. Hotels Land Invest... H'phreys Est. | K'ioon Lands. Shai Lands West Points

COTTON MILLS.

BANK OF CANTON,

LIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General Banking Business Transsoted.

INTEREST ON FIXED DEPOSITS:

For 3 Months 3% per annum.

For 6 Months 4% per ant um.

For 12 Months 41% per annum LOOK POON SHAN;

Chief Manager.

-NOTICES.

NOTICE.

PEAK TRAMWAY CO. LIMITED.

TIME TABLE.

1.00 AM 0

600 to 10.00

10.00 AM to

ILS AM SO 124PX. 10

1.36. Ka 1.46 2. to Li Futo LAU PAL CO

31.00 AM

1.bp.

EVERY 15 MIN.

10 Mi

10 MIN.

I WEN

20 MIN.

IS ME

216 r.v.

10

BOUL

Jb 213

10 MIN,

NIGHT CARR

100 13, and 2 220 730 co

12.00 TLAL every half hour.

11.00 3. to 1,45 14.3.

every gunter of an hour. SUNDAYS:

1080 AM. 11.00 A 1200 Noon 100 103. 6.30 1.36.

UTM

COOP 10 6.30 P.M. ENPAL CO

EVERT 15 MIN

10 Mix.

15 MIN.

10 Max

30 MIN.

FIGHT CARE as on Week Daya.

30/-

281-

$86

D.

#B. X. d. $130

LANDS, HOTELS AND BUILDINGS.

1.87

$95

$102

$14

b.

$6.50

$.00AM

1.

$36

1.

L. 80

BAG AM. to 20.00 10 118 LO 15:00 Noon to

b.

$70

1. to

6.3FM to

t. 14714

4.18

D.

t. 117

b.

t. 8

MISCELLANEOUS.

b.

$8

$4,75

1.

$8.10

b.

$23

b. & sa. z. d. 38

b.

#484

The

160

D.

$29

←

.

$10

Trams, Low Level b.

87,10

Trams, Peak, old n.

89,80

$1

IL

$21

8.

$164

#81

D

**

$29

Trams, Peak, new n. Laundries U. Waterboats Watso Wm. Powells Morning Posts

CORRECTED TO NOON WEDNESDAY MARCH 24, J017, BENJAMIN & POTTS.

Princes Building.

Tel, address: Broker.

EXCHANGE.

SELLING

2/4 1/16

2/44

Nom.

991⁄4

10814

The first dimand of the belli- gerents after the desiaration of port tax on india-rubber amossed pesos, according to Dr. Edward by English colonies would Ewing Pratt, chief on the Baresa doubtless be imitated by the With regard to the expet of of Foreign and Domestic Com-colonies of the Netherlands. Of wheat and cleaned rice to Eritsin creased danger from German sub-

the merce, in Wahington, will be for course, this would stimulate rab and the import of steel plate from marines would facilitate export of salphurt from this wood. He timstee that the bar planting and do much for that country, the Japanese Oficial country st-the-expense of Italian lumber camps of the United wild rabber besides; but pripes Gazette contains the following received by the balphar. This expectation seems States will send over 200,000,000 would go up and stay up on all information to be surving out well founded, worth, and that Cansds; Russia, grades. It is probable that noth- British Ambassador in Tokyo by says the Japan Chronicle, It Baden, Norway, Fieland and ing will be done by Americs to cable from the home Government will be remembered that before Austria will also contribute counteract this tendency. Certain and transmitted to the Japanese Share and General Brokers,

largely. the German declaration of unre: Canadian and American lumber-perhaps cannot, come to the rescue

prospecta for ly, our Government will not, Foreign Office:The thet

repor striated submarine warfare, the

wheat and cleaned rice

ba export market for sulphur in this men are very promising. The of the trade au England or Ger- can

imported into country was for some time in low rebuilding of Poland and Western many would under like conditions, Great Britain only when spcial

Bussin; will absorb Russian water, mainly owing to the stop

continues the American journal. 1y permitted by the Garn page of orders from Russia. It is argies for some...time after 14 will be recalled, for instance, ment is untrue, Steel platen said that Roseisn-demands have the aloss of the war. Ger- fhst America once held the rest cannot be exported to Japan on inpe noticably revived, and many is ung up her format of the world in leash with her count of a shortage in Britain

Norway many, inquiries are being receiv. TUDOKTER,

practical monopoly of cotton gme itself, except when it is certified T/T.............................. · -2/4 ed. Owing to some difference long been over chiting hring. To effect it England pro- by the Minister of Munition that Demand between the buyer and seller re

knnual growth. The greatest anced not only Egyptian, but such export is of national 30 4/4..... 2/434 garding prices, no extensive new fore. coms, from the mills of And in this abs was wise and recently mentioned, the British 46 European competition will there. Indian and West Lodian cotton, importance to Great Britain" A■ 60 dia.

2/4 5/16 business has yet been emoluded.

These right. American investments in Government It is expected, however, that Sweden and Finland.

prohibited the T/T Shanghai netter the countries are ice-bound dating rabber plantations of the Far importation buyers will come

of bronze-pwder T Singapore Arous pripes quoted by suppliers. Apart six months of the year, usually East, already large, will doubtless and initation gold-foil. Under Japan

T/T India J.................... Nom from the Russian trade pitia wid from October to May, so that the have mitigating infance, date February 23, the Kyoto Demand, India Nom that considerable export of lambermen of America will What would be far more potent, Chamber of Commerce, though T/T San Francis-1

$514 Japanese salphar has lately been readily on the possibilities and however would be American the Foreign Office, addresed co & New York made to South Africe”

responsibilitių skai, lie before plantations in American territory, telegraphic inquiry the T/T Java 137

not to drive the Far Esatera Japanses Consul-General, in T/T Marks......................... Kom.

3.24 planter from the field, for he de- London regarding conditions T/T France. N serves his success and should be necessary for obtaining special Demand, Paris...... Reports from India to the Japan- | protected, but just to keep as import permits. His reply is this

BUYING. The recent boom in the silk se Foreign Office state that the from being so wholly, so halplamingoiry is also published is the 4 m/s. L/C trade influenced the development application of the increased tariff | ly dependent.

Oficial Gazette, as follori:- 4 m/« D/P of mulberry growing throughout rates came into Togas from

"According to the British suth- 6 m/s. L/O Reported Import Prohibition Japan last year. The ares ex- March 1. The tax on home-cotton

orities, the granting of special 30 d/s. Sydney & ceeded that of the previous your articles will focur no change and It is reported that a Yokohama | permission for the impot of

Melbourne by 11,700 oho (one cho is 2.45 outside of theadvance on the tariff exporter has received a telegram bronss-powder and imation 30 dfs. San Franc-1 acres). Of ocuTED comparing rates on cotton goods and phoep sisting that the Australien Gor. gold-foil will be considerd on

isco New York! this with the growth in the years horas no rise will be asen. Cotton ernment will follow the load the application of the imposer in

4 m/s. Marks 4 m/s. Franca about 1937 when the yearly yarns will have no dalis charged taken by the Mother-oountry in Britain in accordanos with the

6 m/s. France, increase was over 20,000 oho a heretofore. Besides the above imposing an extensive embargo conditions of the country. The there is nothing significant, but export duties on jules will be on imports. This report is in a British authoritips will give since 1913 the trend took doubled, incomes of 50,000 rupees measure corroborated by a tele- separate consideration to each a reuotionary Lura

so that and above will be taxed, railway gram received by the Kabo application, and reserve decision a yearly decrease was the freight rates will be raised and Shoten, of Fakui, which entirely to themselves.” remit. Contrary to the tendency an unlimited public loan will be saya thers

indications are

Mora Mulberry Trees.

them.

India's Increased Tariff.

in Australia.

of late yours, the new turn calls placed on the market for sub- that the Australian Govera for pro micent attention asys the sorption. The above steps have ment will also prohibit the im Japan Times. The largest ex-been taken with a view toportation of habutan. If the Colombian Treaty Withdnwa.

supply the report turns out true, on top of

tensions were made in Nagano raise funds to Prefecture, the leading sericuli sinews of war for the British British embargo, this will not a Washington, March, 16. ural provinos of Japan, with its Government. At the same time, little increase the damage to the Before the Benate's adjourposes, 1,012 obo, Seventy-two per cent. it should be borne in mind, that interests of habatae merchants, the treaty wish Colombia, raise of the increase was on ordinary the Indian Government, on ise moze sa especially of Fakul would compensate

her for cultivated, grounds, 8 per sent. own initiative, bus contributed weavern, who will have no damages suffered - when the » on rice fields and 10 per cent, on gift of 100 million pounds alternative to meet the situation United States built the Paama new grounds broken for the par- sterling towards the general cost but to resteiat operations. Ao-canal and later recognise the powe. The mulberry fields to of the war. This handsome gift cording to the latest information republic of Passms was with placed such fields as barley, soya was gratefully acknowledged by from Fakai, they have as a matter drawn on motion of Mr. Blone, beans, sweet potato, vegetable the British Government Inst of fuol, already began considering Chairman of the Benase Com and tobacco,

month.

... sa sgresment on this course." mittee on Foreign Aza

3.244

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

56) Nom. 3.36 Just

.....

Demand, Germany.. Demand, New York. 555% TT Bombay Demand, Bombay... Nom.. T/T Caloutts ......... Demand, Calcutta... Nom. Demand, Manila 111 Demand, Singapore, 9234 On Haiphong en 3% prom. On Saigon...m........ 294% prem, On Bangkok Sovereign

8.50 Nom. Gold Leaf, per os 48.40 Bar Silver, per o... 35.11/16

SUBSIDIARY COINS,

DISCOUNT FEE $100: China... 20 otw. pieces 834 Chic 10 Hongkong 20 cts, pieces Hongkong 10

BATU KIJANE:

Extra Car al Misighi

SPECIAL

CARS

By Arrangement at the Company's Office, Alexandra. Bafldings,

Des Voeux Lond

*Season and punch ticket scalable for x3 | naas not already fell, running at the tiny mac} } An the Company's time tables, but not formed cars, can be obtained on application at the

Company Othon-Ne Benson Ucket will

based patil payment therefor a bea and in Bank Notes or by Chevus or Compal order regnating Hak Bo

JOHN D. KUMTAKEYS & CO,

THE CHINA PROVIDENT LOAN AND MORTGAGE

CO., LTD.

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

Loans on Morigigs of Koum Property, du

Advance made mi Merchandise. Juone made on tha Provident System.

TRUSTEK EXECUTOR OF WILLA. ATTORNEY, &c. Undertaker: and Executed. (Batas and Particulars on application) Zo de Ofins al SHEWAN, TOMES & CO

General Manswers.

MITSUBISHI COSHI KWAISHA.

(MITSUBISHI GDJ

COAL DEPARTMENT,

•

i

SOLE PROPRIETORS OF TAKAFINA, OONI, MUTASE MIS. IDAKK, YOSHI8OTANI, HOJO, HAMA, ZUTA, SATO, KARADA, SHREW KAMITANADA, BINAT ́and OYUBA” Calflerios

agents for SAKITO' GOAL,

HEAD OFFICE --- MARUNOUCHI, TOKYO," BRANCH OFF÷CES"¡—NAGABAKI MOJL FARAJ ED. WAKAMATSU, OTARD, MUBORAK, HAKOLATE KOBE OJAKA, KURE, TOKYO, TOLD" HAMA,BAGOYA, TSÚRUGA, VLADI. VOSTOUL HANKOW, PEKING, LOS DON, NEW YORK, SHANGHAL BONGKONG, HAIPHONG and CANTON,

Cable Address :—"IWASAKI,” Gods: A1, A.B.A. 5th Ed., West- em Union, and Bentley's,

AGENCIES OHINKIANG-Mosers, GELR- ING & CO., MANILA-Moesca. MACONDRAY & Co., BINGA- PURE-Messrs, BORNEO CO. LTD, GLASGOW-Messrs. A.R. BOWY, MOFARLANE & CO., LTD.

For Particulam, 'apply to-

K. KATO,

Manager, Hongkong, No. 2, Podder Street,

MARTIN'S

BANKS

HONGKONG & SHANGE AI

BANING CORPORA

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

Sterling

£1,500,000 st 2!-

-$15,000,000

Silver ...$18,500,000

Reserve Liability of

Proprietors.......

$39510,000

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

1. H: Dodwell, Maqs-Chaltung“ A 1.A. Plommt, eg, Deputy Chairman. Hon Mr. Chatoo, G. I. a. Makins, M 5.1Gabbey, Set, Bos: Mr. P.. yo EV. D. Farr, Engi, W. Is Pastendes, make- Chairman. Sen. Pri & figling N

CHIEF MANAGEM.. Hongkong-N. 3. Stalb, Big.

MIXAGER

Shanghaima, G. Gapban, Zag London Banker-London Ocgaty and

Westminster, Aimited,

Rongkong--sturest Allowed i

On Current Accounts at the ruže ní 2 par cond AnDum on the dally balance

ON FILED DEPOSITE For months, 24 par cuts per KAREN. Format, 2 par ceus par AzTUM. For tooth 4 per cent par na

N. J. STABB,

Chief Manager.

HONGKONG SAVINGS BANK

THE Basis of the shove Benk le conducand bý ➡ HONGKONG AND. EHANGKAI BASKIN CORPORATION. Males may be obtained oc applications INTEREST deposits is allowed on the side. tena monthly balancus at byå par CHEL, JA LODME.

Depositors may transfer, and theit zuption, bes of $100 or more to the Hongkong) BE SEEN Zack to be placed on FACED DEPORTI @ # =

For the Hongkong and Shanghai Banking Corpor toa.

N. J. STABE,

Chief Manager.

THE CHARTERED BANK CF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter 18s

HILD OFFICE-LONDON,

Fald-ep Capital... momonaco Reserve Fund

Be Liability of Proprietor00,00

FOREIGN KICHANGE and Gazem: Jasket

business transactu

CURRENT ACCOUNTA opened and TEXA DEPORTE receved for I year or shorter période, si mtm which will be quoted all application.

T. C. DOWNING,

Manager Hongkong, 11th April, 1912

THE MERCANTILE BANK (F INDIA, LIMITED.

Head Office 15, Gracechurch

Street, London. Authorised Capital .................£1,500,00 Subscribed

Paid Up

11

1,125,000

M

* 195

Reserve Fund

562340 550,000

BANKERS: The Bank of England,

The Landon Faint Stock Lady Limitet

Bouchay

Calcutta

Colombo

Belki

Gable

Hoarkong

Howrah

Kandy

BRANCHES ***

Port Lonia (Mazzițios.)

Karachi

Lots Bhers' Kuala Lumpu

Madras

Pening

Rangoon

I bargh!

Kingapore

HONGKONG BRANCH,

Every description of Banking and Exchange kuminate transaciat.

interest allowed on Current Accounta si par com peranan Daily Balances, and on Fixed Depok as rains which may be sacarniiped on application.

C. CHAMPEIN,

Acting Manager,

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE:

38; Wall St, New York,

LONDON OFFICE: 36, Eishopsgate, EC,,

******$3,250,000

| CAPITAL PAID UŻ

RESERVE FUNDS......

$4,250,000*

U.S. GOLD..........$7,500,000.

BOMBAY CALCUTTA

CANTON CEBU, COLOT HANKOW HONGLONG

BRANCHES :-

L

LOBE

LONDON

BANTO DOMINGO SHANGHAI

MANILA, SINGAPORE MEDELLIN TIENESIN PAXAMA YOKDRAMA'

PEKING

SAN PEISCO

Through its close affliation with The Magicnsi Cry Bank of New York, the Bank la abiauja su k Services of the Branches of that Inasitiation in Cabo South Ameica, and elorarbers, namelyje (k)

ZARIA, BUENOS AIRES, GENOL, BATAYA - MONTEVIDEO, .110

SANTIAGO DE CUBA, BANTEN, THO PAUL”), FETROGMAD VALPARAISO,

All kinds of FOREIGN & LOCAL BANKING BUSINESS transacted,

CURRENT ACCOUNTS opened and Fy‡E DEPOSITS received at rales în be decertained on application

GEORGE HOOG,

Muxagat

Hongkong, 26th September, 1916,

THE

YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880. Authorised Capital Yan-48,000,000 Paid-up Capital

W 30,000,000 Reserve Fund ............... . 21,300,000

Head Ofice,-YOKOHAMA.

Erlagino

Appach

Wwwchwanz

Tew York

EIHI ONO MADE Hongkong, 12tḥ[Maron21®