1917-04-20 — Page 9

COMMERCIAL.

Coconuts as Investments.

cultures

Min'ng in Formosa.

copper, gold dust, mezoury, alphur, phosphorus, coal and petroleum. The outpat has been growing with the years. The output of 1897 amounted to 1112,000 but in 1906 the amount advanced to Y.2,271,000, which was about 20 times more than that of 1897. Again in 1916 the

There has naturally not been There are 4 varieties of miner- much heard lately about the al and oil mines in Formoss bat Boconus boom anyway, nc the chief ones are gold, silver,

pital could be available in these fimee. Bat, as a contemporary remarks, cocanate are perhaps the most disappointing of all tropical

from the ibrestor's point of view, and quite a number of companies have failed to justify their existence Essentially, coconuts, the "Consols of "Malaya,” are a #small man'a ” cultivation, as experience has shown cultivation on a large scale is expensive. Erea conjatly with rabber. it seema doubtfal if they are worth cultivating at all: The result of

smount

reach d Y.5,680,000

which exceeds by 50 times that of 1897,

Manchuria Weaving Co.,Ltd.

A good number of the promo-

8

THE HONGKONG TELEGRAPH, FRIDAY, APRIL 20, 1917.

NEWS

they do to the market. At the report of the French ban the men tried to unload their bold inge sad mitigate their eventual lossse. Now they are astonished at the rapid recovery of the mar ket and the lose attendant on their sales."

Rubber,

Wire naile

HONGKONG SHARE REPORT.

& SELLERS; SA-SALES; B-BUYERS; N-NOMINAL

OFFICIAL PRICES.

BANKS.

High Prices of Wire, On March 6 the American Steel and Wire Co. announced a sensa- tional advares of $4 a ton in all wite products. advanced to G. $3.20 keg, plain wire 315 cents, four-point painted barled wire 3.95 cents, and Banks galvanizad barbed wire 4.05 conta a pound. This means that wira nsile are higher than since Decem- Cantons ber 30, 1899, when the cfficial North Chinas De

Unions

MARINE INSURANCES.

b.

FIRE INSURANCES.

b. SHIPPING.

price was $3.20 s keg. On April Yangiszes 81a keg, or $10 per ton, coearred, 21 following, the historie braak of alarming the entire industry. The China Fires highest price at which nails have H. K. Fires aver sold was 85 a keg, in 1885- 1886; the lowest on record was Douglases 85 cents a kag, in 1894. Steamboats Indos (Def.) indos (Pref:) 12 Shells Ferries

Commercial and Produce Markets.

BANKE

BANK OF CANTON,

LIMITED.

HEAD OFFICE, HONGKONG

INTEREST ON FIXED DEPOSITS:

$710

$976 t: 150 b. + ... $915 I ex 73 $217

FOREIGN EXCHANGE and General Banking business Fransacted.

$155 $350

For 3 Months 3% per annum.

For 6 Months 4% per annum.

5.

sa

$87 $18 $124

S412

b.

107-

11.

$34

For 12 Months 41% per annum LOOK POON SHAN;

Chief Manager.

REFINERIES.

$8.

$113

$32.

MINING

36

8.

t. 1716 $2,25 27/6

...

281-

DOCKS, WHARVES, GODOWNS, &C.

Lordon, March 7.-The Bank rate remains unchanged at 6 per Sugars cent. The Open market rate for Malabons short lcans is 41 to 5 per cent.,

London, March 9.-After s certain amount of reaction the decline brought in orders, and prices were driven up sharply Hesars. Sanderson report landing for previous week were hear being close upon 2,000 tons. This may have induced the freer grant- certainly encourage trade activity. The drastic restriction of importa of non-entential articles should give more tonnage for essential articles, in which rubber is evidently included. Landings for week ending February 24, 1,983 tons; deliveries, 1,417 tons; stick on February 24, 10.838 sad discoast of four months Kailans 100s, against 7,485 tone in 1916. Bank bills 41 to 4.15-16 per cent. Langkats At the recent annual general The Silver market has been rather Raubs meeting of the Rubber Trade dall, and bars are now quoted at Tronths Association of Londor,

37-3-161. per cz. In the Rubber Urals the chairman remarked that there share market there has been were Guveroment Committees activity in good class investment engaged in discussing the fature sharer, and business generally H. K. Wharves & sa $82 would probably be larger if thesap Kowloon Docks sa $123 trade of the Empire from many

b. *. 9014 points of view. The rubber in-ply of shares was greater. Chinese Shai Docks

LANDS, HOTELS duetry wae of immense value to bonds have been a festure on the

AND BUILDINGS. the Empire, and that to an extent Stock market, being influenced not altogether realised by the authorities. Sooner of Ister it would be generally realised what

Val d'Or is instance. That ters of the Manchuria Cottoning of export permits, which would company has nearly 1,000 acres Weaving Co., Ltd., are interested mature rubber, and about the in another new venture to bs asme under soconuts. About founded ander the style of 593,500 coconuts were gathered" Kanazawa Spinning Co., Ltd.," last year, and realised £2,500; as either founders or supporters, has estate costs ware £1,680, so It has been decided that both that the not proceeds were only schemes shall be incorporated #906. Nothing, of course, is and the new Changchan factory allowed for depreciation

be or shall

operated management, Rubber, on the branch of the Kanazawa Spin- other hand, realized £34,523, or aing Co. to engage in cotton spio- $25,824 net, after estate ning and weaving. Out of the costs. This is not an isolated total 100,000 shares, 90,000 were instance: Val d'Or in five subsoribed to by February 25, years has harvested just over and the remaining 10,000 shares 2,000,000, nuts. These realised amounting to Y500,000 are to be 49,282 in all. bat estate coats offered for public subscription in totalled £7,875. Thus the net Manchuria shortly. It is said proceeds for five years only that the premiums offered by the Smoanted to £1,406, representing subscribers of the Kansaswa Co. shout Id, for three nate.-and C. averaged T7.95, even though the Bxpress.

money market happened to be rather astiated with new share

China's Sugar Industry.

Ha was

the proposal made by the Centrals Allies to the Chinese Government H. K. Hotels Indemnity, if Chins gives her 'phreys Est. sa to the payment of the Boxer Land Invest. support to the Entente Powers, Kloon Lands

S'hai Lands Chins Tea has been in good West Points

Kung Yiks S'hai Cottons. b. Yangtszepoos b.

MISCELLANEOUS.

stocks. For the new shares to be a great part, the... British raised in Manchuria the premium control of rubber and the rabber is to be set at T2. The pro- trade has taken in the war, and it Of the sugar produced in Chins, moters of the K nazawa Co. may be that when that, ume Coffee has been well competed demand, and rates are higher. the best quality comes from include capitalista of established arrives the Government may con- for on the whole, and prices are Ewos Fakien, Taiwon (Formosa) and repatation such as Mesars. S. sider it advisable to take steps to firm. In the Sagar market a good

wantong, It is packed in Hayakawa, S. Hoshino, G. Masuda, Baleguard such control for the

demand continues to prevail at packages of 100 esities or 1334 etc. The fact that nine-tenths of nation for all time. pounce each. The Shanghai and the capital have already been more and more omvinced that fall prices. Peppers are firm, but provincial merchants usually subscribed to, the remaining one. the permanent control of the quiet. The Rice market con- send remittance 10 days after tenth only being left to complete rather industry in Britisk hands, tinues steady. Manila Hemp is placing an order when they the subscription list, would seem and the continued prosperity of quiet, bat late prices are main- can take delivery of the goods to impart much grester solidity the whole trade, was bound up tion Rabber has been quiet, bat tained. The market for Plante ordered, for shipment at the place to the Changchun enterprise than with, and very largely dependent of production. The quantity of the case would be if it were to be on the London market.

fairly steady, both Standard No. 1 Crepe and Smoked Sheet being sugar produced in Fakien, Taiwan a new independent affair. The The latest published and Kwantong but - consumed in machinery for installation atment about the Netherlands quoted 38. 3d. per lb. Fine other provinces of China was once Changchun has already heer Indies war profits tax is that by Herd Para in sleo 34. 31. per ib. ery large, bat has dwindled and ordered from Great Britain and the Langen chairman, who, as Straits Tin is £201 to $201 5. is contionally dwindling every is expected to be in Manchuria the sanaal meeting stated that, year. Of the dozen or so firme about September. dealing in

Bugar at this

port, only three are doing this as

or

four their sole

Silk. Prospects Bright. In connection with the revival io or near Ras Montagban. These in the Yokohama silk market

bainess, all having their offices

that the

was

extreme extent; everyone weals

state-

for three months' delivery. for cash, and £200 15. to £201

The

1.

PEAK

NOTICE.

NOTICE

DEAK TRAMWAY CO..

LIMITED.

TIME TABLE.

1.00 LK. bg 300 100 to 10.00 140.00 to 11.00 £ 11.33

19.45x 12637.3. 13 1.1522

1.15 3 to

£152,

7.15 P2XL to

4.00 PAL

9.23, X. 20

50 PM to

.. 6507.x

NIGHT CARR

EVERY 18 MIN.

to Lux

A MIN

10 Mix.

10 MIN.

20 MIN.

and 9 FM 93 to 11.00 P.M. evary half hour. 11.00 to 11.45 PM. every quarter of an hour SUNDA13:

6.00 ASL to

10.30 x 10 11.30 AM 4 1200 Noon to

ANG PIN. LO

10.30 h 21.00 AM 1200 Noon

100

5.30 .36 ‚§.00 23.

EVERY 15 MIN.

10 MIN.

13 Mix

10 MI

IS MIX

10 Mix

10 M

NIGHT CARS us on Week Daya

SATURDAYS:

Extra Car at Midnight. BPECIAL CARS

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

$.00

n.

$102

b.

$974

a.

$6.23

· · ដ

*1:00 AM

b.

t. 80 *%$75

COTTON MILLS.

b. & sa. t. 150 b.

.-1414

5.00 to 6.00 1.0 5.50* to 800 PX

t. 12u t. 5

$8

3.

$4.75 $8

6.

$23

B3

$8.5

b.

Д

I

$50+ $151 $2814

$10 $7,80

$9.89 $1 $8.40 $16

b;

$6 $6.40

$29

Borneos China Light & P. b. Dairy Farms Providents Green Islands H. K. Ice Co., Ropes Steel Foundries Trams, Low Level s. Trams, Peak, old n. Trams, Peak, new n. Laundries

b. U.Waterboats n. Watsons Wm. Powells. Morning Posts a.

H. K. Electrics

CONRECTED TO ROOM FRIDAY

APRIL 20, 1917,

BENJAMIN & POTTS. Share and General Brokers,

Princes Building.

Tel, address: Broker.

EXCHANGE.

SELLING.

2/416 2/4 9/16.

2/196

2/434

-2/4 13/16

Nom.

2011

1104

Nom.

5614

13778

3.23

BUYING.

according to advice received from friends in Hollend, the Bill was

China and Flour. likely to be passed, although that company and many others should,

Kiangchow, April 3. not be liable to make any pay. ment under the proposed me- Beater telegram from Peking firme have not been doing well for which fallowed the unsteadiness introduced in Halland, which is Government proposal to permit Säure. The measure originally dated March 21, announcing the many years, owing first to keen resulting from the prohibition of competition by the advent of refin-silk imports by France, Mr. Yagu- likely to be put into force in the export of flaur from China ed enger maunfactured in Hong jima, manager of the Borikoshi the Dutch Colonies, states that: surely calls for some explanation. kong and Lozan by the Ewo and

"Every incresas of income or One of the perpetual problems of Taikoo refineries, and later by the Shokai, one of the largest silk cession of Formees to Japan and exporting firms in Japan, said profit shall be deemed to be a the northern provizcee is the recently in an interview with a result of the state of war. if, and supply of wheat sur for the the consequent bandling of the sugar industry there by Japanese. reporter for the Japan Advertiser in ea far as, the contrary has not populace. Flour is the staple food, been shown eufficiently." Rub. and even the poorest peasant takes. The foreign reficeries make up silk trade

prospect" for the

ber han Lot benefited by war, substitute with feelings of regret their packages to contain 135 and that Jaran

very bright

would

When a farmer can though coffee profits have been at his fate. mot catties or 180 pounds of sugar be mach injured by the pro- Para Electric Light Company the harvest to the next times are good. T

increased. At the meeting of the feed his family on wheat from one esab, that is 35 calties more bibition of imports by the bana of sugar than a package of Chinese the European countries. Any in- Chairman referred to the rubber If he can afford to lay by for bad Demand sugar. As the colour of their jury would probably be due to trade of Brazil se intimately con times and take a few bags to mar. 30 d/s

ugar is snowy white and

nected with the welfare of Para. ket he is considered rich. If this 60 d/s. ..... precipitate sales by the Japanese looks very nice and clean, the dealers themselves: A thousand Comparing crop geason ended can be managed regularly every T/T Shanghai.. markets in China are soon over-

new uses for silk have been in at June 30, 1916, with its year, the family are looked upon as TFT Singapore ran with the foreign product. The vented in Americs where the predecessor,

rabber exporta local Nabobs. Bat anyone who TT Japan Japanese. have gone s step farther

great prosperity of all classes has from the Amazon district incress-koows anything of the con IT India ........... Nom. by ingressing the weight of sugar resulted in luxurious he bite to an Total production for the calendar or other wheat-growing provinces T/T San Francis

Shansi, Shensi Demand, India ...... ed from 33,500 to 36,725 tone, ditions in per package to 138 catties or 184 pounds; they slec, it is alleged, silk in the United States, year 1916 was 37 250 tons, as cannot bat be amazed at the pros co & New York adulterate their eager in ita mosquit is not regarded as a lazury against 37,000 tons during 1916. posal to allow wheat to go out of T/T Java... facture, so that they can ship there. This fact is well testified This figure has been practically the country unless there is more T/T Marka Nom. their produce to Chins and "}

Mo,

It is corresponding scheme very ms T/T France........ continued Mr. Yasujimas, constant for three years. andersell their competitors: The

by the intense activity of the anticipated that the sapply for terially to improve, increase and Demand, Paris Chinese welcome foreign sugar, American weavers at present the current year may be some organise the production and dis- because it looks nicer and it is They consume many grades of what in excess of this area food. For some years Shensi has m/s. D/P..........

tribution of the people's staple] m/s: L/C

2/5 5/16" cheaper than the Chinese prodao raw silk and waste silk in an low river, which has enabled been drawing on its wheat resor

owing

2/5 7/16 an abnormally ion. At present, not only has

6 m/s. L/C............ 2/5 9/16 ever-increasing quality. Most the position sojoyed by the of their material is imported from rubber collection to be continued vee and the price in consequence 30 dis. Sydney 2/5 9/16 Fakien and Kwanteng sugar Japan, A certain American visitor somewhat longer than maual. As is steadily advancing. To-day been usurped by the Formosin Istely remarked that as long as local commodities do not at all thousands of families are simply & Work) produce, but even the Ewo and America remains the bayers of increase proportionately in price holding themselves together 4 mis. Marke Taikoo goods have experienced Japan's silk Japan can rest sesur-

with currency depreciation, on borrowed money and hor-4 m/s. Francs - a sharp set-back; in short, the ed of her prospect as silk supplier. rubber gatherers who receive rowed grain, hoping that this 6 m/s. Franos...

angarmarket-

bere is as Even if all Europe ceases to buy payment in currency on the gold year's wheat harvest may give Demand, Germany good as monopolised by the from her she can easily make value of the rubber are undoubt them a chance to recuperate, and Demand, New York. 5694. Japanese producera, However, good her low in America," Hadly better off than when exchange they have been hanging on to TT Bombay the Chiness connoisseurs have Tasojime is of the opinion that is at par. 544,978 lb. of planta- forlorn hopes of this kind for some Demand, Bombay... found out that although the the blow from the European trade tion rubber was shipped from years already. Small capitalists TT Galoutta my for sugar, it dearer than ban will be only temporary and the State of British North and grain dealers do much Demand, Galette... Nom. foreign angst, it has a far insignificant. Moreover," ha Borneo daring November. Of speculation in grein, and the Demand, Manila... 113 sweeter and more captivating says those countries in Europe the exporte of rubber from common people suffer much at On Haiphong 37% flour, so when all is con- cannot do without silk textiles Pers leat year 6,265,000 their hands, but onos open an un- On Saigon 24 sidered it is really, cheaper. and silk goods and the bulk of kilogramme were through restricted door to export and On Bangkok... 643⁄41⁄2 With this discovery, somewhat they require is supplied by Brazilian firms, 4,152,000 Ameri- famine and starvation will be the Sovereign of the Chinese angár, merchants Japan. They will, there can, 2,958,000 British, 2,875,000 imediate result: Surely there is Gold Leaf, per om 48.20 think it still possible to recover tore, grant homoes for Swine, L495,000 Germas, 671,000 the post glory of their business by selfah ressons sooner or later. French, and 1.668,000 och introducing new methods in theore harm will be done by the nationalities, The conspicuo maanfactura, and, of the hens than the trade part now playod

ding

rumours

to

Melbourne

inco& New

+

3.2314

574

Nom

3.35

3.40

Nom.

Demand, Singapore, 10111⁄2

prem

prem,

8.35 Nom.

kiska ubout the telegram. Bar Silver, per ok.... 37.1/16/-

W. China Daily News.

SUL ART COINS“

Beycu hare los

DEALAFE

Des Voeux Bond.

• Besson and panch dekets available for all cars not already full, running at the time stated in the Company's time tablos, but not for special cars, cần be obtained on Replication at 256 Company's Oftor:- No Season ticket will be inued until payment therefor has been made In Bank Notes or by Chorus or Compradora order representing Bank Natel *****

JOHN D. HUMPHREYS & CO.

*

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

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

Loans on Matanen of House Property, &c. Goods cefred on Storage, AATANONE MRde on Marchandise. Loans zanda on the Provident Hystero.

TRUSTEL, EXECUTOR OF. WILLS, ATTORNÉT, Ét. Undartaken and Executed Bates and Farticular on application)

To the Orvice of”

SHEWAN, TOMES & CO.,

General Managers.... --

LIITSUBISHI GO3H) KWAISHA. MITSUBISHI CO) COAL DEPARTMENT. -

BOLE PROPRIETORS OF TARASIMA, OCKI, MUTANE, KISK- IDAKE, YOSHINOTANI, HOJO, KAMA. ZUTA." SAYO, KANADA,, SHIKNEW, KAMIYAMADA, BIBAT;" and UYUBAR· Colilerias.

Agente für SAKITO. GOEL.

HEAD OFFICE :--- MARUNOUCHI, TOKYO, BRANCH OFFICES 1-NAGABAKI MOJI, KARAISU, WAKAMATSUM OTARU, MURORAN, HAKODATE KOFE, OHAKA, KURE TOKYO, YOKO HAMA,NAGOYA, TSURUGA, VLADI. FOSTOCK, HANKOW, PETING, LONDON, NEW YORK.-SHANG HAL LONGKONG, HAIPHONG and CANTON,

Cable Address:—"IWASAKI,”. Cod 8: A1, A‚B.A. 5th ed.; West- ern Union, and Bentley's.

AGENCIES: — CHINKIANG-Messrs. GEAR- 150 & Co., MANILA-MOSETE. MACONDRAY & Co., SINGA-

BANKS

HONGKONG & SHANGE AI BANISING CORPOBA,

TION.

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

Sterling

£1,500,000 at 2}-

-$15,000,000 Silver. $18,500,000

Reserve Liability of

$99510,00

Proprietors............................$15,000,00 & COURT OF DIRECTORS

S. H: Dodwel, Zug, -Chairmar,

A Fiemmer,

Hoa

GOUSE. Deputy Chairma

L. V. D. Farty Chatman

D. T. M. Edkins, Ing. 1 Shalim Lag. Hon. Mr. P. H. Hasya

Banden, ad-

CHIKP MANAGER

Hongkong-N. J. Klubb, Jugu

MUSABER

Ebangban. 17. Bepken, Zrg. Lcoden Balwa-London Epesty and

Prentmigater, Limited

Hongkong Interest Allowed i On Current Accounts at the race di 9 ger cou

annam pa the daily balance

ON FIXES DEPOSITI

For 1 months, If per cvál per kanta. For 6 months 11 per cent, pa2 anaem. For 11 months, & per ceuk þat Burns, N. J. STABB,

Chief ManagOT

HONGKONG SAVINGS BANK.

TEE Business of the abers Bank is coodamat The HONGKONG-AWD SHANGHAI BANKING CORPORATION,

Rules may be obtained on application) INTEREST on deposits is allowed on the minu Imum monthly balances at 8sť par cene, per aBROS

Deponitors may transfer, at their option, basces of $100 or more to the Hoogknog sat Shangkal Bank to be placed on FRED DEPOSIT #1 4. COAL PET LAASM.

don.

For the Hougtong and Ekanghai BankingCorpora

N. J. STABE.

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter 1997

HEAD OFFICE-LONDON,

Paid-up Capital.m Reserve Food.

Reserve Liability of Proprietorsed 2,000,000

POKKIGN ZICHANGE' and Gaswal Bankine

business transacted.

CURRENT ACCOUNTS spesad: and PILO DEPOSITS received for I year or storier pariada, os,

i sates which will be quoted on application

T. C. DOWNING,

Manager Hongkong, 11th"April, 1912.)

THE MERCANTILE BANK (F ́INDIA, LIMITED.

Head Office 15, Gracechurch

Street, London.

Anthorised Capital £1,500,000 Subscribed ++

Paid Up

Reserve Fund

BANKERS

1,125,000 552,570

TO 600,000

The Eart of England,

The London faini Stock funk, Limitat

BRANCHES >--

Kanich

Lot Bh

Kuala Lumpur

Madras

Pent

Bombay

Calcatta

L'alomba

Delhi Calle

Rangoon

How ab

!banghal

Kandy

Singapore

Port Louis (Mauriting.)

Hongkong

RONGKONG BRANCH.

Every description of Banking and Exchamps business tramcted.

Interest allowed on Current Accounts ate per c par samum on Daily Balances, and on Fixed Depaakt. At rates which may be ascertained on application.

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE:

35, Wall St., New York

LONDON OFFICE: 36, Bishopepsis, EL CAPITAL PAID UP RESERVE FUNDS....

U.S. GOLD

BRANCHES :---

BOKWAY

CALCUTTA CANTON CESTE. COLON

IOBR

$3,250.000

4,250,000+

[$7,500,000o

SANTO DOMINGď SINGAPORE NEDELLIN TIENTSIN”

YOKOHAMA

LONDON SHANGHAI MANILA

PANAMA PEKING

HANKOW HONGKONG, SAN FELSO.

Through its close aliation with Ibm Nachook) City Bank Kew York, the Hapk is able to use the Services of the Branches of that Institution is Cale Roth America, And Livelies, na

BAHIA BUENOS AIRES, GEDA, HAVANA MONTEVIDEO RIO DE SANTIAGO DE CUBA, KANTOS

JANEIRO PAULO, TERROGEAD VALPARAISO,

All kinds of FUREIGN & ́LOCAL BANKING BUSINESS iznosaczed. Je

CURRENT ACCOUNTS opened and FIXER DEPOSITS received is fases to be secerisimed sa application.

GEORGE BOOG.

Manage.

Hongkong, 26th September, 1916,

THE

LIMITED

POHF-Messrs, BORNEO CO. YOKOHAMA EPECIE BANK, LTD, GLABGOW--M+sars, A.R.

►HOWN, MCFARLANE &CO.,LTD. For Particulars ap

apply to- K. KATO Manager, Inngkong, No. 2, Pedder Street,

Established 1880. Authorised Capital Yen 48,000,000

Paid-up Capital Reserve Fund

30,000,000 21,300,000

Head Office-YOKOHAMA,