1917-05-30 — Page 9

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COMMERCIAL

|

THE HONGKONG TELEGRAPH, WEDNESDAY, MAY 30, 1917.

きまぐ

NEWS

.

Sale of ladian Gold, .

·

HONGKONG SHARE REPORT.

&SELLERS; SA SALES: E-BUYERS; N-NOMINAL.

7-

OFFICIAL PRICES.

BANKS. H. K. & S. Banks n.

MARINE INSURANCES. Cantous North Chinas Unions Yangtszes 1. ex 73 $217.

FIRE INSURANCES. " China Fires b.

$146 H.K. Fires

Japanese and American Yaris.

Hankow Tea Report. and communications, but also In Hongkong....

New sesson teas were placed employs a large European and ·Simla, April 27-As the Japanese cotton milla-not onl; on the market on the 18th Eurasian staff with probably a outcome of the discussions with are commencing to dominate the insunt, three days later than last quarter million labourera. I pre- the Presidency and Exchange Far Eastert market for ordinary year. The quality of the pose the Home Government be Banks which took place early în counts of cotton yarr, dat during Kesranse is fine, the teas are urged to give the coffee planters January last, it was announced on the past year have developed sweet, sound and favoury, and an imperial preference for their January 18 that the Government trade in fine-count yarns that has there is not a really bad tee produos. It would stimulate a of India had decided to offer for cut into and almost destroyed the amongst them: a great contrast decaying industry and give a cale, until further notice, the gold trade of the United States and to last reason's dull, flavourles | fresh impulse to one of the oldest of the Indian mines which they Great Britain in knitting yarns crop. The market was opened European cultivatione in the were then holding on behalf of and similar faer products in this on the 19th with a chop at Tla East. At present with obes per the Bank of England. The weekly field. For a number of years, says 47, and upon this basle 5,000 freight and proximity to Great sales then announced have since the U.S. Consul-General, Mr. packages were settled at The Britain such coffeee from Costs continued and the total sales George E Andersor, Hongkong, 41/52. Since then, although teas Rica and other alien countries are amount to about £4 million. It American knitting yarns had pos have been coming in freely, admitted to the Home markets has now been decided inpursuance session of the Hongkong marketso bosine is quiet, and to-day free and compete with South In- of the policy adopted at the far as supplies for the hosiery arrivals total 50,000 and stocks dian planters to the disadvantage January - conference to release and underwear factories were 43,000.. We understand several | of the latter."

Eovereigns experimentally for the concerned, and even yet American | large Russian buyers are still

Douglases Petroleum ia South China. purchase of produce in ench

Steamboats manufacturers bold the trade for holding off until more definite- The American Conen-General amounts and at such osatres of Indos (Def.) the very high claasr goods; but in buying instructions have been at Hongkong reports:-The high up-country as Government mayIndos (Pref) the more common grades of knit received from Moscow. Han freight rates which have obtained from time to time decide. The Shells ting garne Japanese mille have kow" lea-Only a few musters during the past two years on all issue of gold in this way will, taken the trade, sud they are now bave so far arrived, but judging cargo from the United States to however, be liable to dis furnishing knitting yarns wound from the two districte already the Far East have caused a big, continuance without notice should on cons or cheese bobbing as beer, the quality of these" bread boom in the production of petro, 10amstances require this. prices far below what American and butter" tear is very good leum in Japanese territory and a

Chinese Cotton. manufacturera can compete with, and gives promise of being far great increase in the sale off. The weekly cotton market re- By using obesp Chinese and abcre the average of recent Japaness oil in the Hongkong Tort of Messrs. J. Spunt & Co. Indian cotton mixed with a com- years.

trade field in competition with for May 24 states:-The apward paratively small proportion of

American and East India oil daring the past week and values tendency of prices continued American long-staple cotton the

Immediately previous to the war, Japanese macafetarere turn out

Japanese oil bad secured a foot were carried about Tla. to 1 per a fair yarn at a low price. The

hold in this field, particularly in from lccal mills at ruling rates. pical with a moderate demand Japanese mills are making yarn Advertiser of May 16; as old con the Focekow, Swatow, and Amoy Planting, operations are in H. K. Wharves sa

districts. Imports of Japanese

op...

decare

took over.

count 20

their former trade.

Japanese Cotton. Shipments of cotton are still large in spite of the slackness of fresh dealings, reports the Japan

Mach

were

All

has made cultivation

marketa continus

Ferries

Kailans

BANKS.

BANK OF CANTON,

LIMITED.

HEAD OFFICE, HONGKONG

For 18 Months 41% per annum LOOK POON SHAN;

Chief Manager.

BANQUE INDUSTRIELLE DE CHINE.

Capital 4 Faid up)...France 45,000,000

President

André Barthelot Geteral Manager A. J. Pernotte.

HEAD OFFICE:

74 Rue Saint Lazare, PARIS BRANCHES in PEKING, SHANGHAI, TTENTSIN and HONGKONG,

$705

Да

$350 t. 150 $870

General Transacted.

INTEREST ON FIXED DEPOSITS:

FOREIGN EXCHANGE and Banking Business

$325

For 3 Months 3% per annum.

SHIPPING.

b.

.88116

For 6 Months 4% per annum.

b.

SAL

3

$17.50 $107 $10 109/- $30

REFINERIES.

Sugars

Malabons

B. & sa. $105 $30 MINING

$9/6

Langkats Ranbs Tronobs Urais

t. 17

$2,66

D.

IL

27/6

39-

DOCKS, WHARVES, GODOWNS, &C.

12

$77 Kowloon Docks b

$120

1.

-t. 93 LANDS, HOTELS " AND BUILDINGS. Centrals H. K. Hötels

$99

$100

$95

b.

$6,30

D.

$33

b..

£80

b.

$75

$8.

t. 157 t. 144 t. 191 £5.70

$7

$4.50

n.

$8

$23

11.

1.

$7,80

b.

$49

151

11.

.8.

$28

PEA

$10

$6,40

to a 84 count.. They tracts are now being eroated, are abla to

their Almost every ship for Chins or oil into all China increased from swing and from various reports supplies of colton from Indis, British India carries & large a value of G. $108,550 in 1913 to hand we understand that the Chins, and the United States amount of cotton cargo particular to G $181,615 in 1914 and acreage bas been increased by very low rates over the lines of ly in Chics, where Manchester G. 8945,855 in 1915. 20 per cent. While this is to ba subsidised Japanese steamships, goods have almost ceased to be of this increase was in the dia- expceted under the present six- and can distribute their patpat reocired, every sign indicates that tricte mentioned, and it was large-cumstances, we regret that the in the same advantageous way. eren at the record prices quoted ly at the expense, of American crop outlook" does not appear So long as there advantages con- by Japanese sellers the demand oil trade, the Japansee prodnat ad during the past week has quite healthy, as the rain we have tinue they can hold their trade. for Japanese cotton cloth will representing about a quarter of This development of the Bong increase. British India and Kares the whole in those districts in 1915. been far from satisfactory, mors kong Jara trade

in 1916 are also in need of Japanese Daring the past year there has especially in the Northern pro- followed a similar development cotton cloth, and are expected to been a great development of the vicces, where prolonged drought of the trade in 1915, daring atart their purchase here 800D. trade because of the constant rise difficult. News from the world rather which latter year the Japanese On the strength of this growing in freights from the United States. mills

practically export trade, speculation has been previous to the war oil ar joyed evidence that it considers the to farnish the whole of the trade in insegurated lately in the market. exceptional treatment. It was ured

cat Speculative bayers, hoping that largely as reserve cargo and wae safe so long as the war lasts and yarna and

present value of raw cotton as into the trade in Indian and the Oriental cotton cloth market carried at the lowest freight rates, from reports from out various B.itish yaras otherwise. By ree-will be monopolised "by anally rates much below the son of the attention paid by the Japan, are not discouraged by market. Since the contraction in correspondents both in Liverpool Japanese mills to the still higher any advance in prices. On tonnage due to the war,

and New York the consensus of bowever, counte doring the past year the the contrary, they will corner kerosene has paid rates in propor opinion is very ballish, some of Indian mille were esabled to sell every description which is grow tion to other cargo, rates on oil hom go so far as to predict considerable more yarn of the ing scarcer. Every day now during 1916 from the United bigher levels. Recent cables in 20 count than the year before, transactions ran up to 20,000 States, in fact, being substantially timate that the screage in Americs though not an amount equal to biles. The average amount of five simes what they

in reduced by 20 per cent, which On the delivery is accordingly more than previous to the war. Naturally will no doubt be reflected on the whole the volume of Japanese 400,000 bales a month. This is Japanese oil, with the abort market. Under the circum- yaros coming into the market nearly five times larger than the haal from Japan in subsidised stances, and while not wishing during 1916 was little, if any, pre-war trade. The latest returna vessels carrying the oil atto pose as alarmista, we cannot greater than it was the previous show that doring the last few rates fixed by the Japanese

but help feeling that year, but the returns to Japanese months more than 2,500,000 bales Government, has had an immense the China merkets will Ie- manufactures were very much have been covered. The manu savantage. The price of oil in spond to the movements in the increased. For a good many facturere, this encouraged, are Japan has increased immensely cotton markets abroad, more years the Lest barometer increasing their planta. They during the past year, but most of especially when we bear in mind of general trade in claim that in spite of the sbuot the time the price of such oil for that freights are getting scarcer China has been the country's mal rise in the prices of yarns export has not increased in pro-daily and the inability of bayere trade in cotton and cotton pro lately they can still earn good portion. The home market in to secure rupees. Wheress in the docte largely cotton piece goods, profite and their extension of Japan is reported as booming as past years the mille in Chins bat particularly cotton yarn. plante will pay them. The only

a result of the decreased import have been in a position to fill While the price of raw cotton in trouble in prospect for the of foreign cil, due to increased their requirements from India, the world's markets, naturally market is a posible reduction in prices and higher freight.

they will now have to depend dependent in the first instance foreign demand because of the these conditions are resulting in entirely on China, and hence the upon American cotton corps, is extremely rapid advance

be chief factor in fixing the prices. Men in the line, however, interests in Japan and Formoss watched with considerable in- the development of strong oil outlook for the nsw crop will be volume and nature of this trade, do not fear this possibility.

which promise serious competi-terest, and we can only hope for other factors, egoh se grain and Coffee Industry In India.

tion for American oil is the bamper yield. For the same other crops in China, the exchange Bangalore, April 20-åt a

fature. Because of the scarcity reasons it is rumoured that the valus of silver, peace and political general meeting of the Nilgiri of tonnage and high freight rates, bibit the exportation of Ladian Japanese Government may pro quiet in China, and similar con- Planters Association in connect also because of disturbed condi siderations combine to make op ion with the prohibition of the tions in South China, she con- cotton to China, which all goes the year'a record on which import of coffee into the United the returns depend, Arrivals Kingdom, on a proposal by. Mr.umption of petroleum and its to show the way the wind is of cotton

yarn exclusive James Stanes, seconded by Mr. products decreased about 40 per blowing. Tone of the market,

cent, daring the year. Neverthe of strictly

Dandison, the following resolation knitting yaras,

less prices remained about the| during the past year in Hongkong was adopted :-That this Associa are placed at 164,150 bales, of tion considers that the United me as they were at the begin- which 128,850 bales were Indian Planters' Association of Southern been greatly reduced and will Carte

sing of the year. Stocks have

For a good solid meal a la and the balance Japanese. Siles India should continue to press remain low antil freight rates Wine & Liquors of the Bent

or Table

d'Hote with during the year (including sales for the removal of the restriction

are reduced. to arrive) are placed at 167,100 regarding the import of coffee balea. There on hand at the into the United Kingdom, point- present time in Hongkong atcoksing out that one medium-sized about 34.000 bales, of which steamer would meet the situation. about 10,000 bales are already The following letter from Mr. sold but not cleared. Constantly James Stanes was read and it was sahsacing prices of cotton in the resolved that the letter be printed United States naturally led to aug. and that the United Planters' As- mented prices for cotton yarn, and 800iation be asked to include, the dealers and importers generally mitter in their next agenda: haya mada money in consequenOG.

"Now that the subject of the Political troubles in Kwantung South Indian coffee industry is sad Kasagai Provinces, together before the Home Government I with restricted aredits and, the suggest that the United Planter's difficulty of delivering goods re- Aceiation of Southern Indis be duced the volume of trade during asked to approach the Board of anch of the year, but, on the Trade to give them some par- other hand, Yunnan Province, ticulars of what the planters have which is served by Hongkong done in the way of coffee growing through Indo-China, increased ita in the country, I suggest they i·abnormally- and absorb-| paźzit out the gross struggla tha. rush of the Bangkong sook, planters have had for many yon/ the: 133.850 balon/wold, and i to kaip their hendi, KHOVA MAJCH | |- kend: 1.225 bulan wien of Ne, and the industry going owing: sa 85,125 balow of "No, 10%, bad apasons, pests and disease 800, bales of No. 12%, 6,525 | sad poor prices for their, produos, Mo. '16's, and 20,375 of There, must, che ioyer: (200,000 O the fas counia"(203) koren under coffee in Bonth 56 per cent. were Japaneɛe. Tadis, which

are not "iznindad Epayazacabametil

Government and

firm.

AI EXANDRA CAFE

WHEN YOU REVIEW THE SITUATION

||

Shai Docks

Land Invest. H'phreys Est. Shai Lands

K'loon Lands

West Points

Ewos

COTTON MILLS.

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

MISCELLANEOUS. Borneos

b. China Light & P. a. Dairy Farms Providents

Green Islands H.K. Electrics H. K. Ice Co., Ropes Steel Foundries & Trams, Low Level b. Trams, Peak, old u. 1.d. $3,10 Trams, Peak, new n. z d. cts. 30 Laundries

b. $5.40.

Watsons

b, x. d. Wm. Powells Morning Posts .

on the market for beer, of course you will settle on PRIMO because it has been tried, proved and endorsed by all lovers of wholesome beer. An ideal] beverage for summer months.

Stocked by all Wine Cand

Spirit: Merchants

Hotels-in-the-Colony

H. RUTTONJEE

SON

16, Queen's Road Cá

U. Waterboats . x. r..

BANKERS.

In FRANCE: Société Générale pour favoriser le Développement du Com- meron et de l'industrie en France. In LONDON: London County & West-

minster Bank, Ltd. In ITALY: Banca Commerciale Italiana.

Telegraphic Address: CHIBANKIND.

Interest z lawed on Current Accounts and Fixed Deposits, Terms en application. Every (description Banking and exchange; besiness transacted_

M. ROUET DE JOURNEL,

HONGKONG BRANCH:

Manager.

Tel. No. 2352

4. Queen's Building.

Hongkong. 14th May, 1917.

NOTICES.

BANKS

HONGKONG & SHANGRAT

BANKING CORPORA

TION."

Paid-up Capital .......... $15,000,000 RESERVE FUNDS 1

Sterling

£1,500,000 at 2/-

-$15,000,000

Bilrez $18,500,000

Reserve Liability of

Proprietors.quis

CL

#33 500,00

$15,000,000

COURT OF DIRECTORS.

5.E: Dodwell, Kaaj-f balzovan

7. A. Plamor, Deputy Confest 38. Han, Mr. C.X. Asma,” G, T. K. Biking, Hea Gubbey, Don, HP, Z. HAYA? E.Y. L. Par, Kagg. W. L. faturadi. Ars.- d. B. Compro

ONCE MANAGER -

Hongtong, J. Baba, Bag,

AMARÁC

Shanghaiendi fà, Empòes, Xx4 -- London Banks-Loodan County Lad

„Masszusgewer, Limited."

Hongkong Interest Allowed).

On Current Acowance at the ruza es ♬ par cand

asoom on the dally lakence..

ON FIXED DEPOSITE

For 3 manike, per crai par shdum, For manib,per cent, per amsan, Toe is months, per cent, IT HUNTER. N. J. STABB,

Chief Manage75

HONGKONG SAVINGS Ba? K.

THE Business of the above Back la caderad the HONGKONG AND SHANGBAT BANKING CORPORATION Rufes may be ohtaised on applications INTEREST on deposits is allowed on the mito kaum monikly balances et y per cent.

Depositen may transfer, at their option,

of $100 or more to the Hongkong and Shanghai Bank to be placed on FIXED DEPOSIT 1 Cruz. per annum,

zion.

For the Hongkong and Shanghai Bzzling Corpora

N. J. STABB,

Chief Manager.

THE CHARTERED BANK CP INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter g

READ MIC-LONDON,

TAID-UP CAPITAL —......... RESERVE FUND

RESERVE. LIABILITY OF

. PROPRIETORS

FOREIGN EXCHANGE and Gansest Brak business transacted.

CUBAIST ACcotats opend and TALEN DEPOSITS received for 2 year a shorter perioda, i rate which will be quoted on application,

T. C. DOWNING,

Managi Hongkong, 11th April, 1912)

THE MERCANTILE BANK OF INDIA LIMITED.

Head Offea 15, Gracechurch.

Street, London.

Authorised Capital ... £1,500,00

Subscribed.

+

1,125.00

H

J

600.000

NOTICE.

EAK TRAMWAY CO.

LIMITED.

TIME TABLE

Paid Uy

Reserve Fund

BANKFRE The Bark of Zaclard, The London Joins Stock Band, Luckn

BRANCHE2 Jan

Kit Bhere

TEK

1.00 AM to 2.00 1x to

100 130

SYREX 14 Mix.

SILDO AM

16 M.

$13 $6 $6.50 $19

1236

16 M29.

Frombey Calcut

P

10 MIN.

to

1.45 BX

3.1.5 P.M.

10 Mix

6.00 L

15 MIN.

6.00 PM to

NIGHT CARS.

BIG TML

GORRECTED TO ROON WEDNESDAY MAY 30, 1917, BENJAMIN & POTTS,

Share and General Brokers,

Princes Building.

Tel, address: Broker.

EXCHANGE.

SELLING.

T/T

30 d/s. 50 3/5.

T/T Shanghai...

Demand..... 2/4 11/16

27494 2/17% 2/4 15/16

Nom.

T/T Singapore

10111⁄2

T/T

Japan

11044

Nom.

Demand, India ..............

Nom.

T/T San Francis-1

564 co & New York TIT Java............... 18756 T/T Marks......... Nom. TT France 324 Demand, Paris on 3-2434

BUYING.

4 m/s L/C

... 2/5 7/16- 4 m/s. D/P............ 2/5 9/16 6 m/s. L/C........................... 2/5 11/16 30 dis. Sydney & 2/5 11/16

Melbourne...

58

30 d/s. Ban Franc-1 isco New York) 4 m/s. Marks

***** Nom. 4 m/s. BranOS

3.36.

6 m/s Francs, men Demand, Germany Demand, New York. 5674

J

TIT Bombay lumin Demand, Bombay... Nom. T/T Calcutta Demand, Calentts... Nom. Demand, Manila. 119 Demand, Singapore, 101); On Haiphong $ prem. On Baigon i SLEDNO DET 313% prem On Bangkok Borensliga

Gold: Lanf; per. E...

· Bár Bílver, per AS,

8.30%

SUBSIDIARY COINS.

DISCOUNT PER - 8100 :-

and 9 val. 9.30 to 12.000 7.3. every half hom.

11.00 PM to ILAS EM " Lavery quarter of an hour, BUNDAYS:

9:00 AM. 6.00 30.00 AM to 21:30 AM, to 1500 Moon to 100 P. to

10.33 AM 14.00 AK 19.00 Noo

8.50 2,3...

6.06 #36

5.00 ... LO -'6.30 PM. LO

6.30 PA

1.00 F.X

ETERY 15-37%

- 15 Max

13.

15 XX

to Las

*

35 M.

Mirk

KIGET CARB 4s on Week Days.

SATURDAYS

Extra Car at Midnight

BPECIAL CARS",

By Arrangement at the Company's Office, Alexandra Buildings Des Voeux R4 "Benson and punch ticket walabie 102 #F may not ready tuil, ranging at the time saved in the Company's time tablos, dat net for sjonga! cura, can be obtained on spplication: mi ban Compsey's Office -No Season ticket wit! Pyar ined until paymen; theyste has verí predi

Bank Notes by Choque or Com(adre order representing Back Noten

A. JOHN D. HUMPHREYS A CU.

'an á el

THE CHINA PROVIDENT. LOAN AND MORTGAGE CO., LTD. (Capital Paid-up.-$1,250,000.)| Lonow on Mortons of House Property, don Goode rasedad on. Borga Advscom pude on Merchandise. Zones made on the Provident System:

TOURTANU EINCUTOR OF WHALA, ·

7.de. Undertaken and Fremiad. phates and Particulars on applicable)

SHEWAN, TOMES & CO

General ManaS SIE.

Galle

Hoagloog

HOTIAA

Knody

Port Louis (Mauritius.)

Isain Lamps

Madras

Part&g

Rangoon

hangha

Slagspore

PONGKONG BRANCH.

Every description of Banking and Zachang business transacted.

Interest allowed en Current Anconats at a pAR CASE DIY

Daly Balances, and on Fixed Depart

*i nexus which may be ascertained on applicatioia......

C. CHAMPKIN,

Acting Manager,

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE:

55 Wall St New York

LONDON OFFICE: 36, Biskopagala, EC CAPITAL & BURPLUSUS $6,500,000 UNDIVIDED PROFITS; US. $1,010,000

BOMBAY CALCUTTA CARTON CIRU.

COLOS HANKOW

BRANCHES

KODE

ZONDON

MANILA

13.

U.S. $7,510,000

BAZITO DOMING SHANGHAI BINGAPORE

MEDELLIN TIENTSIN

TOKOBAN VU

PANAMA PEKINO.

HONGKONG SAN FRANCISCO

Through In close affatton with The Nationa City Bank of New York, the Bank is able to other the Services of the Branches of that Izakion is Ga South America, and elsewhine, tamely

BABIA, BUENOS AIRES, GIKOA BAYANA MONTEVIDEO, XIO DEANEDIOI SANTIAGO DE CUEL. " FAUL, PETROGRAD-VALPARAISO,

BAO

All kinds of FOREIGN & LOCAL BANKING BUSINEES trumacted.

CURRENT ACCOUNTS opened and Ṭukka DEPOSTES TÉceived at rates to be escurand:ga application:

ADMINISTR GEORGE HOGG,

Manga, A

Hongkong, 26th September, 1916,

THE

YOKOHAMA SPECIE BANK,

LIMITED.

Established 1880. Authorised Capital Yen 48.000.000 Paid-up Capital ....:30,000,000 Reserve Fund wen

Head Office,

KOHAN