1917-06-13 — Page 9

:

COMMERCIAL

Sumitomo Bank, Ltd..

Steamship Company.

THE HONGKONG TELEGRAPH, WEDNESDAY, JUNE 13, 1917.

CAUSA AUKI VE

NEWS.

U. S. Wheat Export. was smaller in amount in respect A New Paper Pulp Material. United Staton grain dealers are to the common, then in any The following extraes in from The annual report of the Sam of opinion that the country is in similar period since the war the Indian Trade Journal, of itomo Baak, Ltd., for the years position to whip 10,000,000 began. Aggregate holdings recent date; — A well-known anded December 31, 1916, showe bushels of wheat per mouth, but of the preferred abroad on March agricultural and technical chemist that the total warts at that date that, on account of lack of bottoms, 31 were 155,757 shares. The in Queensland his conducted were Y.163,666,673.05. The net not much more than half that stocks returned to this country very successful experiments in profit for the half-year was famount is being shipped. have gone, to greater extent manfacturing paper palp out of Y.483.019.32, which, with the Proposed Russo-Japanese

into the bands of investors thanlalang gras-, or, as it is more smount brought forward from the

into speculative acoonate. The re- cummonly known, biady grass, on previous half-year, müda a total; A proposal is afoot for the in- sorde show that brokers' holdings account of its great blades which of Y.963,542.03 available for dis-auguration of a direct steamship of common stock on March 31 are 4 or 5 feet long. It resembles tribution. Of this Y.250,000 was service between Odeas and Japan amounted to 53.18 per cent. of the very closely the esparto of Spain carried to reserve fund, Y.70,000 with a view to farthering Basec outstanding shares, a reduction of sad North Africa, and when to reserve for doubtful debts, Japanese trade after the war, about 5 per cent. in the quarter dried before making it into Y:50,000 to pension reserve, while Ace rding to particalsra of the Brokerage house holdings of pre palp yields an dividende amounting T.197 proposal as reported to have been farred shares, also dropped, the

high as 60 first-class 690,21 and bonuses to Y.34,800 made to the Basso-Japanese ictal being 1189 per cent, of all paper-making pulp: The er were paid, leaving Y.334,051 82 Society by some Russian business the stock. This represented de- pert states that asparto is the best to be carried to new account.

men interested, it is proposed to eecline in the three months of snout pulp known and the blady-grass tablish a steamship company with 13 percent. The stock on March product is within 10 per cent. of

over

3

Reduced Russian Demands For

Oelläloid

War Musitions.

manufacture

per cent. of

WER

to

at

osta,

HONGKONG SHARE REPORT

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

OFFICIAL PRICES

"BANKS.

H. K. & S. Banks 8.

Sugars

-BANKS.

BANK OF CANTON,

LIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General Banking Business Transacted.

INTEREST ON FIXED DEPOSITS:

per annum.

BANQUE INDUSTRIELLE

DE CHINE.

Capital (34 Paid up)...Francs 45,000,000

Presid

André Berthalat General Manager AJ. Pernotte.

HEAD OFFICE:

74 Rue Saint Lazare, PAKIS BRANCHES in PEKING. SHANGHAI, TIENTSIN and HONGKONG.

"BANKERS.

N

BANKS

HONGKONG & SHANGHAI

BANKING CORPORA

TION,

Paid-up Capital RESERVE FUNDS:

Sterling

*** £1,500,000 at 2/-

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

$15,000,000

$39.500,0 Reserve Liability of

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

Hon. Mr. 5. B. Dochwell, Hair, S 1. A. Flammer, Beg, Lepers Chairman, Kos. Mr. C. L. Aston, I. IM, Adkins, the G., Gabbuy, Erg, Hon; Mr. P., Hayes, E. V. Part, Eng, R. Fattanden. Inge- A. Compton ha

UBISH MAXADER Rengtong, J, But, Imp

MANAGER Shastain, G. Stephen, Ex

Leidos

Femidon Deanty and

Limited

Hoeghong-Interest Allowed i

Os Current Accounts at the rBLE -

ence of the daily balanes.

ON RD DEPOSITS, For 3 month, $1 per cent per arm For ont par ceas, per aboom,

For so, i per estil. ÞAT KESKM, N. J. STABB.

Chief Mazas Ori

HONGKONG SAVINGS BANE

TEX Business of the above Bank candected b the HONGKONG AND SHANGHAI BABKINA FORFORATION. Rules may be obtained on applications INTEREST on deposits (1 allowed on the zinent fmum monthly balances at $3 per cent, par w

Depetitors may transfer, Atheis option, balancul of $200 or more to the Hoot TSPORIT

and Shanghai

Bank to be placed on FLD

tion

per annum

For the Hongkong and Shanghai Banking Carpom

N. J. STABB.

Chief Manages)

$7021

MARINE INSURANCES. Cantons North Chinas Unions Yangiszes

1. ex 73.$200 FIRE INSURANCES. China Fires b. H. K. Fires

$5421

D.

$...

t. 150

$860

$148 $327

For 3 Months

•

SHIPPING.

Douglases

b.

I.

$

$86 $17.30 $108 $40

For 6 Months 4% per ani win.

b.

108/-

Ferries

D.

$2914

For 12 Months 43% per annuDS LOOK POON SHAN;

Chief Manager,

REFINERIES.

Malabons

sa.

sa.

#101 $80

MINING

Kailans Langkats Raubs Tronohs Urals

b.

32/6

S.

t. 16

4.

$2.45

D.

26/9

n.

$4-

DOCKS, WHARVES, GODOWNS, &C.

H. K. Wharves sa Kowloon Docks" sa S'hai Docks

$3.

$76 $120 £91

LANDS, HOTELS AND BUILDINGS.

Centrals

S.

b.

$99 $100 $93

b.

$6,25

11.

$33

t. 80

b.

$75

COTTON MILLS.

b.

t. 15:

b.

t. 14.40

S'hai Cottons Yangtszepoos b

MISCELLANEOUS.

b.

t. 122

t. 5,50

f.

B.

$7 $4.50 $8

$23

1.

b.

$7,80 sa. & b. $49 $151 -$97)

NOTICE.

DEAK TRAMWAY CO LIMITED.

Paid Up

Steel Foundries

n.

$10

Trams, Low Level sa. Trams, Peak, old n.

$6,50

TIME TABLE.

$9.10

cts. 90

to

QQU LX

ETT 14 Ms.

b.

$8.40

10.00

A

50

10:00 AM 12,00 AM 7945r.

10 MIN: 15 MIX.

U. Waterboats n. Watsons

$13

#

MI MIN.

Cacntia

15 MIN.

b..

$6 $6,50 $29

10 MIN

-

LAMIN

14 IN.

Howi

Kandy

H. K. Hotels Land Invest.

H'phreys Est. Kloon Lands Shai Lands West Points

Kung Yiks Ewos

**I

Borneos China Light & P.n. Providents Dairy Farms H. 58

H.K. Electrics

Steamboats Indos (Def.) Manchurian Produce. joint Busso Japanese capital 31 was more heavily distributed the same value. There are mil-Indos (Pref.) The local produce market hold of over 20,000,000 roubles to be in the Western States thaa at the, lions of tons of this grass growing Shells ground this morning, says the subscribed equally by bath sides, end of 1918 alight decrease in Queenaland. Three crops a Menshuria Daily News of May the business of the company being occurred in the boldings of the year can be cut from it, and it is 25. The political crisis at Peking buying and selling as well as the Central Atlantic States, but in's curse to the country. He is told on the local market in no transport of goods. The Russian the South investments in Steal also experimenting with other way. The Chinese dealera ap- sponsors of the proposal are said common and preferred were plants with good results, amely parently pressaved their placidity.to be very enthusiastic over the larger than three months before. Chinese barr (Urena) and the Spot beans were quoted in the project, and the matter is now

Queensland hemp (Dida Estues). neighbourhood of Y408. Fatores engaging the attention of the

They produce 30 per cent. of began at Y.4.09, Y4.05, Y.3.99Japanese business - men- in-

first-class paper pulp. Lintana, and Y.3.97. Both spot and future terested. The latter, however,

which is also regarded as a great bean oils opened alike at Y.18.00, are not entirely caited

It is paid that of late Russian pest, makes an excellent wrap- September deals, however, were the proposal. Same prefer to war orders have practically cessed ping paper, Screw pine priced at F.18 80. Spot kaoliang get the Nippon Yasen Kaisha toto arrive in this country, saya the pandanus, which also grows pró- began at Y.3.00 or so. June and inaugurate the desired service Japan Chronicle. It will be re- lifically, is likewise being experi- Jaly goods had their respective under proper State protection, membered

that the Aboshi mented with. atarte of Y:3.08 and Y.3.20. while others say that a mere oo

Company, Aboshi, They gained a few points later.casional service would do better, Hyogo prefecture, upon the out- • Canada's Wheat Supply. The local prodeos market ress, judging by pre-war conditions, break of the war, althogether sus- mained fist this roroing, saya the there would be almost no ship pended the

A telegram from Ottawa, dated of April 19, states:-The wheat and Manchuria Daily News of May 26, menta on the return voyage. On celluloid, and engaged exclusively wheat doar supply ic Canada on Spot beans were quoted in the the other hand, thoes who a a in in the manufacture of guncotton March 31, 1917, was 126,000,000. neighbourhood of Y.4.08. Fatures favour of the proposal count on a to the order of the Russian Govern. huskels, as compared with 197,- began at Y.4.06 for June Y.4 01 considerable change in the sitos ment. No further orders being 000,000 last year, and 79,000,000 for July, Y 3.95 for August, and tion that would come in the forthcoming, however, the Com- on February 8, 1915, according Y.3.97 for September deliveries. wake of its execution. It is said, pany has now decided to return to reports issued here to-day by Spot bean cake was rated at about however, that the Russian pro- to the manufacture of celluloid the Cesaus and Statistics Office, Y.109). Falare varieties flactant pasal has not yet made any import and it is eaid that the members of based on returns from elevators. between Y.1.09 (Jane) and act progress in negotiations the Directorate who joined it in flour mills, and railroad com- Y1103 (September). Spot bean between the parties concerned. connection with undertaking the oil was priced in the neighbour. Tea and Tonnage.

manufacture of guncotton hava include 67,500,000 bushele in the papies. The figures for this year hood of Y18.70-80. No busines The deadlock which was already resigned their posts, elevators, floor mille, end in Was done., June and July goods outstanding for some time be The Nippon Munitions Com- winter storage in vessels, 45,838"- started alike at Y.18.80. August teen the Japanese tea tradera pany is another concern which 000 in farmera' hands, and 12,- deals, however, stood at T.18.65. and the shipping companies has has been operating principally 882,000 in transit by rail." This Koaliang was inclined weak. at length been solved through the in Russian orders. Indeed, the Spot goode were quoted at 7.3.04 efforts of the Departments of Com fact is that it was practically year for the first time the inquiry Green Islands

Jane and July deals had munications sad Agriculture and established to manufacture fases barley, sad far Of oats and ost

extended their respective starte of Y3(8 Commerce. The final decision in for Rassis. According to the products there were in the Domi- and Y.3.20.

short is as follows: The rate will Mainichi, the company has no nion on March 31, 1917, & total of be $18 for scheduled and special hope of receiving any farther big 184,000,000 bushels, 37,000,000 boste, 5,000 tons were added to orders from Russia and accord- being in elevators and mills. Trams, Peak, new n. A plan to stop all forms of the allowance of shipments from ingly contemplates ebanging a 137,000,000 in farmers' hands, Competition among fire insurance the ports of Koba sad Yokohama part of its (quipment to take up and 10,000,000 in transit by rail. companies in Japan will be bringing

to the manufacture of general ma- There were on the same date adopted soon with the approval 50 000 tons. Space will be dhinery. Thus Russian orders for 10,000,000 bushels of barley, of the foreign insurance agents in provided by the three companies munitions of war generally bave 3,620,000 being in elevatore and this country, says the Japan plying between American porta. been either reduced or suspended, mille, 10,500 000 in farmers' Advertiser. Daring recent years The Nippon Yasen Kaisha will and a set-back has resulted to the hands, and 880,000 in transit by several attempts have been made carry 20,500 tone, the Ceska munitiens industry of this country rail. Offered there were 5,662,- by Japanese fire insurance com- Shosen 19,500 tons and the Toyo which owed its proeperity in 4.000 busbels, including 3,931,009BENJAMIN & POTTS, panies to stop the irregolaritine Kisen 10.000 tons. The time for large measure to Russia's require in elevators and mills, 1,413,000 Share and General Brokers, caused by competition, which has shipments too has been extended. mente. Among Japanese mer in farmers' band, and 318,000 in been carried to such a length The shipping companies at first chants and manufacturers various transit. Figuree were also issued that the financial position of declared that space for the export reasons are advanced for the as to the depreciaton of crope from many offices has been jeopardised. of tea will be until December but falling off Russian orders. First, estimates in 1916, showing that Premium tariffa have been with the new agreement ship- the internal situstion in Ressis wheat shrank from an estimated Teduced to the lowest possible mente will be transported op to being still complicated, the 220,167 000 bushels in that year rates. The insurance men have February of next year. Already Russian aathorities are not in a to 187,857,000 bushels of mer- Been the danger of this reckless a port on hse been shipped position to conduct negotiations for chantable quality, a loss of 15 struggle, and have tried to through an Osaka Shosen boat. the purchase of war supplies. The per cept. declared to be greater TIT establish asiform tariff for all of The moderate attitude of the Russian Government is then than in any previous year on fices and escape from the dan-shipping companies vis-a-vis the charged with a slackening of the record since 1909. In 1915 abere 30 dis

Demand. ger ahead. All efforts in the past tes exporters through the efforts war spirit which is beld as reader was only a 5 per cent. loss, it is have failed on account of the of the Government has attracted ing war supplies unnecessary. said. The proportions of the plastt of interests among the com- the attention of other traders who Another reason suggested is the other crops of 1916 which proved panies and the opposition of for-seem to envy the special treat insufficient railway accommodato be of merchantable quality are eign agente. But the presentment received by tes men. The tion via Siberia. Some of the given as follows:-Oate. 59 per plan, started almost two years reason. of the endeavours of the merchants, however, maintain ago is about to succeed. On May two departments in alleviating that among the principal factors cent; barley, 84 per cent, rye, 92 28 all the Japanese offices were the deadlook in the tea traders' must be counted the difficulties

per cent.; buck wheat," 78 per to meet at the Association of the favour no doubt lay in the fact attending the settlement of Russo- corn for busking, 58 per Japanese Fire Insurance Com. That tex constitates one of the Japanese accounts and the in- toes, 78 per cent.; ternips, etc.. cant; flaxseed 93 per cent.; pots- panies and establish a complete potent export articles of the creased economic sctivity of the 75 per cent; and bay and clover, Demand, Feris. 3.3414 anderstanding among themselves country and if once a set-back is United States in relation to Russia 90 pren ss to the scheme now to be adopt made it may come about that the ed. Next day a joint meeting of trade will decline to a state im. the Japanese sad the foreign possible to recuperate.

or BO.

Insurance in Japan.

the

amount

fire insurance companies was to American. Steel Shares."

be held in the esme building, European holders cf United when the zoheme stadied by States Steel Corporation shares let both sides was the to form go of comparatively little of their ally discussed and adopted. The stock in the quarter ended March plan to stop competition oon-31, says the New York Times of sists apparently in organising April 13. The corporation's re- convention of all offices operating corde show that the common ia Japen, the articles of association stock held abroad at the end of of which will provide for the the period was only 8,249 shares establishment of uniform pre-less than the total as on December miams and the execution of all 31. In the preceding quarter the sfairs relating to the convention, reduction was more than foar The expenses for the maintenance times as great, amounting to of the convention will be rated in 35,177 shares. The total of steel ccordance with a plan which common shares owned by for- will be adopted at the meating, signers when the March quarter It is understol that the control ended was 494,338 shares. Pre- of the new convention will be ferred stock holdinga mbrand placed in the hands of Mr. declined 4,855 shares, in contrast Kenkichi Kagami, director of with a drop of more than 65,000 the Meiji Fire Insurance Com-anaree in the three months ended #pany; and Mr.

Colchester, September 30, 1918. In the Sep- General Manager cf the Com-tember quarter holdings of the mercial Deion Insurance Com common stock in foreign lands pany in Japan, who will be suffered the big decline of 87,445 lected president and vice-pro- shares. The return of Steel stocks ident respectively.

to the home market last quarter

}

WHEN YOU REVIEW THE SITUATION

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 and Spirit! Merchants and Hotels in the. Colony.

H. RUTTONJEE

& SON.

16, Queen's Road Central.

H.K, Ice Co., Ropes

Laundries

Wan. Powells Morning Posts n.

CORRECTED TO KOOR WEDNESDAY'

7 JUNE, 13, 1917,

Princes Building.

Tel, address: Broker."

EXCHANGE.

SELLING.

60 dis

4 m/s...... T/T Shanghai.. T/T Singapore T/T Japan.... T/T India ....

21514 2/5 9/16

2/55€

2/5/4 2/5 13/16

Nom

10432

1144

Nom.

Demand, India...... Nom T/T San Francis-)

5814 co & New York TT Java............................. 14131⁄2 T/T Marks.......................... Nom. T/T Francs........... 3.34

BUYING.

4 m/s. L/C......

2/6 5/16

4 m/s. D/P.

2/6 7/16

6 m/s. LIC.

2/6 9/16

30 d/e. Sydney &

Melbourne...)

2/6 9/16

30 d/a. San Frano-> isco&New Yorkf

4 m/s. Marks

4 mile, Francs

594

****** Nom. ****** 3.46

6 m/s. Francs ...... $.51 Demand, Germany. - Demand, New York. 5854 · Demand, Bombay... Nom. TT Bombay

T/T Calcutta Demand, Calcutta... Nom. Demand, Manila 117. Demand, Singapore. 104!4 On Haiphong .... 346 from 314% pram. 6256 8.05 Nom Gold Leaf, per oz. 47.80 Bár Silver, pero 391/16

SUBSIDIARY COINS,

On Saigon On Bangkok Bovereign

MEDICAL

DISCOUNT PER $100: Chinese...20 ota. pieces 4.1% %dis. Chinese...10. 194:34 %dir. Hongkong 20 ota, pieces par, Hongkong 10-

In FRANCE: Société Générale pour favoriser le Développement du Com- mere et de l'Industrie en France. In LONDON: London County & Wort-

m'nster Bank, Ltd.

In ITALY: Banca Commerciale Italiana.

Telegraphic Address: CHIBANKIND.

Interest allowed on Current Accounta and Fixed Deposits, Terms on application. Every description of Banking" and exchange business transacted.

- M. ROUET DE JOURNEL,

Manager.

HONGKONG BRANCH:

Tel. No. 4352

5. Queen's Building.

Hongkong, 14th May, 1917.

ין

דאלי

02

NOTICES.

11.30 am to LÉM POM. 10

1.44 7.M.

LIS 10

1.J5P.M

L

2.152.14.

1.00 A

י'ן'

5.OUT.M.

1.00 PL

NIGHT GANS.

6.60 1.0 and 9 ram 150 to 110.P.3. every half hour.

100 COLAS PH. Every Quartar of an hour. SUNDATE:

8.00 AM. YO

10.30 AX 10:30 AM 10 11:00 AM 11.00AM to 1200 Noos 1340 Nace to -1.00 F

1.000 to 1.30 PM. AJO TAIL TO

5.00 XX 10. to EXP.SC. to

4.30 F.L

5.00 PM

KEY 15 MIN.

20 MI

*

10 MIN.

30 MIN.

10 MIN.

KIGET CABS as on West Days

HATCEDAYS:

Petra Car at Midnight

SPECIAL CARE

By Arrangement at the Company's Office, Alexandra Building,

Des Forex Road

• Basson and punch tickets available for a Banos siready fall, ruaning at the Ume sted in the Company's time tables, but not for specim ears, as be obtained on applicativo: sử the Company's Office No Beason ticket will be imad mie? payment therefor has been, made in Bank Notes or by Choque or Compradore order repoweenting Hank Notek

JOHN D. HUMPHREYS & CO. ~

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

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

Lows on Moltenes ofHouse Property, ka. Goodsolved an StorMgO, Adacom zada on Marchandise. Loans made on the Provident Syst

TRUSTER, EXECUTOR OP WILLS, " ATTORKKI, & Undertaken and Executed. Cales and Particulars on application)

To the Ofic

SHEWAN, TOMES & CO

General Manseri

BZ MARTIN'S

APIOLESTSIL

EPILIS

_ of

5 Hof say in,gularity of the vyakan A

Windy down war ko udalalateral. These whe

KARLSEN, Chemist, Southam yłany Bug.

|· THE ALEXANDRA" CAFE Cannot be Beaten, if Equalled for Bread, Cakes, Confectionery and meals with Wines & Liqueru,

THE CHARTERED BANK OP INDIA, AUSTRALIA AND CHINA

Incorporated by Royal Carter 1893-

PRAD OFFICE-LONDON,

PAM-UP CAPITAL,ÕES

RESERVE FUND

RESERVE LIABILITY OF

PROPRIETORS

basinss

„ŽI, YOUNGE

FOREIGN EXCHANGE and Gatord Festhet

: ACCUPR DEPOSITS received for 1 year or shorter perioda, 20 opened and FC* rates which will be quoted on application,

T. C. I OWNING.

Manager Hongkong. 11th April, 1912,

THE MERCANTILE PANK OFF INDIA, LIMITED.

Head Office 15, Gracechurch

Street, London,

Authorized Capital .............. £1,500,ND Subscribed

Reserve Fund

1395,0/0

23/0

600.000

BANK RE The Bark of Englert, The London loirt Stock Bank, Im T

Fombay

Colombe

Gaile

Hongrang

BRANCHES

Port Louis (urities)

Karchi

Kota Bharu

Kunis LumpTI

Madr

Penang

Rangoon

hangtal

'Singapore

HONGKONG BRANCH.

Every description of Banking and Exchange business acted

Interest allowed on Current & eccents al parame per saham Daily Balances, and on Fixed Depos at rates which may be ascertained on application.

C. CHAMPKIN,

❤

Acting Manager,

INTERNATIONALT BANKING

CORPORATION.

HEAD OFFICE:

55. Wall St., New York

LONDON OFFICE:: 26. Buhopagie, Z.C CAPITAL & SURPLUS US6. 16,500,000 UNDIVIDED PROFITS US. $1,010,000

BOMBAY CALCUTTA CANTON

COLON

CEBU.

HANKOW

BRANCERS

XOBY.

LONDON

MANILA

17.8. $7,510,000

BANTO DOMINGO

SHANGHAI - SINGAPORE

MEDELUN TIENTSIN PANAMA PEKING.

YOKOHAMA

HONGKONG SAN FRANCISCO'

Through its cloga affliation with The Nationa) City Bank of New York, the Bank is alde zu gdes the Services of the Branches of that Instituzios is Cube South Antrics and abwbars, Bandy-

RAHIA, BUENOS AIRES, GEROA, BATANA MONTEVIDEO, 110 SANTIAGO DE CUBA FANTOR, SAO

DE. JANEIRO PAULO, FETROGRAD VALPARAISO, -

All kinds of FOREIGN & LOCAL BANKING" BUSIXERS transacted,

CURRENT ACCOUNTS opened and FIXED DEPOSITS Eceived at Fates to be ascertained as application.

GEORGE HOGG.

Марек

Hongkong, 26th September, 1916,

THE:

YOKOHAMA SPECIE BANK,

LIMITED

Extablished 1880."

Authorised Capital Yen 48,000.000 Paid-up Capital.....„

Reserve Fund.....

30,000,100 21.300,000

Head Office,-YOKOHAMA,

Bruneber Antang-Higieni

Barbay

Calcutta

Changohun

Peaction Harbin Fankow

· sod

Agenclis Nagk Nowchwang

New York. Ceiks

Paling

·Byojan Port