1917-07-04 — Page 9

-

Necessary

COMMERCIAL

THE HONGKONG TELEGRAPH, WEDNESDAY, JULY 4. 1917.

NEWS.

The Tea Market.

about

HONGKONG SHARE REPORT.

& BELLERS, SA-SALES;

·6-BUYERS; *--NOMINAL.

OFFICIAL PRICES.

BANKS.

H. K. & S. Banks ș

MARINE INSURANCES. Cantons North Chinas Unions Yangtszes

FIRE INSURANCES.

b. China Fires H.K. Fires

i

Steamboats

Douglases Indos (Del.) indos (Pref.) Shells

-DANKS.

BANK OF CANTON,

LIMITED.

HEAD OFFICE, HONGKONG

· FOREIGN EXCHANGE and General Banking Business Fransacted.

INTEREST ON FIXED

DEPOSITS:

$683

&

5.

$9431 L. 140 $855 b. ex 73 $190

$145 $325

For 3 Months 3 per snuum.

SHIPPING.

T

$85

For 6 Months 4% per anzian.

83.

$18

b.

$100

For 12 Months 41% per annum

&

$10

b.

120-

Ferries

$29

LOOK POON SHAN,

Chief Managez,

REFINERIES.

S

$99

Malabons

b.

190

MINING

Kailans Langkats Raubs

b.

34,6

b.

£15

$2,45 286 SP-

H.K. Wharves Kowloon Docks 53+ $1151

DOCKS, WHARVES, GODOWNS, &C.

8.

$72

94

די

Sugars

Tronohs Urala

Add

S'hai Docks IL.

*

the salt revenue and the land: *Openings for British Trade. seeda or on account of the sixte

itbreak of the war, of war, can have but pour out The Hankow tes report: (June tax. The former is now under suplications have bwb received taras. The first Canton crop, 22) elates:-Our market in at a foreign supervison and may be at the Department of Commercial estimated at first at 6,000 balos, standstill. Baires for the week expected to yield larger results. Intelligence from a large number has suffered from an inclement amounts toely 10,000 ball- The estimate in the present of firms toate of the United weather, injuring the quality and cheata. Settlements by Bassian Budget is $96,767,010, and that Kingdom, and abroad, who wish probably reducing the quantity.bayers are now 130,000 hall shouts for Land Tax $90,115 784. With less than at the same time Isst more effective administration these 10 get into commerṣiction with

Freight Market Report. British manufacturers or pro Messrs. Wheelock and Ca, in year, and this is hardly to be and other channels of income ducere of various classes of goods their Report dated Shanghai wandered at since it requires could without doubt be made to which have previously been ab June, 21 state:-There is very abouté roubles to day to purchase produce a far greater revenue. tained from Germany sad Austris little to say nowadays about our an equal amount of tea to that The various heade of receipts, Hasgary. Applications have been Homeward Freight market to procurable by one rodble, two however, fall far short of the recorded during the past week for Europe the position being simply yours ago. Apart from this, estimated expenditure, so that the the names of manufacturers or this that the Government has however, the transport dificulties Chinese Minister of Finance has producers of the following taken over control of the British are such that it is very doubtful been compelled to bed get for loans (amongst other), articles, British shipping and priority being whether the goods can be for totalling over $40,000,000, For manufacturers or producers of given for special commodities arded on from Vladivostok or education some five million dollare these articles now in a position to there is very little or no space left months. The outlook is very total expenditure of nearly five Nilkolaievek for many weary were appropriated out of a grand supply are invited to make for general cargosad until Govaro application for the names of the ment requirements are met it is depressing one for both natives hundred million. Considering the ingairere: Bone shields for useless for shippers to expect and for those shippers to U.S. A. importance of the subject to the feeding bottles; club tooth lever allotments for general cargo. Via who, this year mads purchases Welfare and progress of the Chinees nation, such a sum in competition with Russians. pallets for watches, with esclosed Pacific-We understand that

no 'that just mentioned s ems The Shanghai Markets. stones; glaw jun:for fish paste. from the 1-t of July rates

be further Machinery: Machines for catting will

advanced

Shangbai, June 22-The feat. very inadequate. We can only ont and sewing fabric gloves; to Gold $50.00 per ton on that no auctions were beldd this trust that it is due to the finaceisi plant for the manufacture of general cargo and we would also week readers any definite state. atress of the moment, and not to

draw the attention of Overland went

the piece-goods any lack of appreciation on the sealing-rax micro-elephones. Whale Oil Production fa 1916, Shippers to the fact that all rail-market d'folk. There is, how part of the authorities se to the Qa account of a great many way rates in Canada and the ever, a very general impression vital necessity of making educa Norwegian whaling companies United States will be raised 15 that next week'e acctions will be tice one of the principle planke of baving taken advantage of the per cent, from the same date. characterised Ly higher prices. Chicese reform. Similarly, the The political situation in China sppropriation of about four mil- high freight rates and let their Castwise:-Things on the coast transport veselu go into tar are rather dall owing to the held in local Chinese business lion dollare to the Ministry of freight trade, and as a result of ascertainty as regardathe political circles to be ex mely hopeful Agriculture and Commerce strikes it is not anticipated are as small, considering the im having hid up their catching situation in Peking and native and boate, while other ecmpanies merchants are unwilling to make that there will be say acrusl portant work to be undertaken B settlement by this department in connection

LANDS, HOTELS experienced a difficulty in obtain new commitments but we expect Sighting before

AND BUILDINGS. ing the

transport ibis to be only temporary. The li arrived at: The confidence in with forestry, conservancy, and

Centrals help, the whale-oil production recent heavy raine will no doubt 1pired by this view of the sitas mining. With the efficiency and of 1010 considerably less tend to improve mettere in the tion is noted by inquiries enterprise of this Ministry the HK Hotels and commercial Land Invest. than in previous years. The total Yangtess Valley and reports from being made by provincial - industrial production for 191d was only 367, the South indicata a rising market. Presentativer, and it is anticipat progress of Chins is largely H'phreys Est. ad, in the absence of any bound op. It is obviou K'loon Lands 400 barrels, so against 475,000 in

n. present appropria-Shai Lands 1)15, 575,000 in 1914, and 600,.

In their Report dated June 21, tions; that trad's generally will tion will not leave much for the

aaforesen event to upset calcala that the

West Points b. 000 in 1913. During 1918 the Mesars. Wheelock & Co, state show a great improvement after important pioneer work which catch of South Shetland brought Japan Coal-In view of the pear this week's settlement. The will have to be undertaken. Some 195,000 barrels, of South Georgia approach of the Dagon Bask situation in regard to the cotton explanation of the apparent parɛi-Kung Yiks 136,700 barrels, while of Austra Festival the Chinese money market, is dealt with elsewhere. mony in the directions we bave lis, Africa, the Faroe Islands, and market is naturally rather tight It is suficient to remark here that indicated is revealed when we Alsaks it brought only 34,800 and consequently deliveries have burls.. The catch on all other ben comparatively small during the local cotton quotations are find that military requirements folds was thas very small. The the fortnight under review. There stronger, das to better crop pro- sccount for near's half the o:di- world's production of whale oil asema to be no end at all to the spects and probably in sympathy mary expenditare. In the present #mounted in 1918 to 634,500 upward tendency of freight!-the Americs. Tangohon' are ander this bead is bound to be with the boom in Great Britain unsettled state of Chins the item barrele, of which 216,000 barrelses for time-charter-ptill con came from South Shetland, 329, tinue to soar and as things stand quoted at Tl. 34, Ningpos at Tls. large. Until a more peaceful 000 from South Georgis, 49,000

38, Shanghai's at Tie. 37 while administration is scured money aw the rate for coal from Japan to Stensi's have gone up to Tis. 40. will continue to be expended in from Africa, 13,000 from Australia, &zghai would work out at nearly There has been a slight reaction this direction which might be and 18,000 from Alaska. In 1915 the $1000 per ton! add this to the in Indian yaru during the week, more profitably employed in

Steel Foundries world's production of whale oil F. O, B. cost in Japan and it caused by the Chinese reselling promoting the social and Trams, Low Level so. was 630,000 burrels; in 1914, makes the price of Dast coal laid

Trams, Peak, nèw n. The anfonusne part Laundries 735.000 barrels; and in 1913. down here over Tsels 10.00 per part of their recent purchases, material progress of the Chinese Trams, Peak, old D. 775,000 barrels. Norway in 1916 ton. Ia Japan the demand for and prices consequently receded people.

that all the financial U. Waterboats produced about 58 per cent; in home consumption is still on the by about Tis: 3 to Tle. 5, but the is

market

as difcaltis of Chips could have Watsons recovered, 1915, 76 per cent in 19.4, 78 increase added to which there is

the unprecedented rise in obviated if the resources of the Wm. Powells per cent.; and in 1913, about 7 marked scarcity at present of per cent. of the world's total pro- labour at the mines owing to the cotton bed a stimulating effect country could have been properly duction of whale oil. The pro naal contom of the minera during selling but scially again figured therefore that the new Chinese and dealers not only stopped re-developed. It is in this direction duction of Norwegian whaling the Sammer months proceeding

8 bayers. The Bomby market Government companies. uf bale-guano to the fields for agricultural work is firm and prices are further attention at the earliest moment. (fertilizer) for the wesson 1916 was and assisting in gathering in the rising. Sales of Japanese yarn There is untold weslsk in China 100,000 sacks, of which 60,000 harvests, there is consequently amounted to about 200 bales. waiting to be tapped, tat in the were produced in South Georgia, farther reduction in the quantity: There is not a great deal doing in past the sathorities, instead of 19,000 in South Sheiland, 4,000 of coal available for export. local yarns. in the Faroe I-lands, 5.000 in Fushan Coal:-No change. Kai-

welcoming foreign sasistance in China's Expenditure. the development of their mines Alasks, and 12,000 in Africa and ping Coal:-With freighte still

la an article on the Chinese and industries, have pas barriers on the upward grade new business Badget for the coming year the in the way of most of euch efforts. is difficult to negotiate, but as the and C. Express of last It is to be boped, however, that a prices altimately fixed mast cover month tells some home tratha new era in this respect will down the cost of carriage, quotations which those to whom ibe in China, and, if it does the T/T will naturally be a good desi destinies of China are entrusted Chinese Badgets of the fatore, higher than those ruling for the last would do well, to consider with will be very different documente few months. It now seems quite are. The statement is hazarded to those with which we have been parent that no reduction can that "despite the advent of the familiar daring the last few looked for for sometime to come, Bepublican form of Government, years, and the tendency unfortunately the narces of China remain

Australia.

Silk Market.

Mesere, Chabrieres, Morel and

B

Coal Market Report,

sppears

in the other direction.

London Rubber Notes.

themsoner of

more or leme in a chaotic con- The badget balances dition."

abould tarn its

A Polish Monarchy.

WHEN YOU REVIEW THE SITUATION

BANQUE INDUSTRIELLE

DE CHINE.

Capital Paid up) Franca 45,000,000

Presid at

André Berthelot General Manager A. J. Pernotte.

1

HEAD OFFICE:

74 Rue Saint Lazsze, PAKIS✨... · BRANCHES in PEKING, SHANGHAI. TIENTSIN and HONGKONG,

BANKERS.

In FRANCE: -Société Générale potr

favoriser le Développement du Com mercs et de FIndusts ie cà ̈France. In LONDON: London County & Weat-

minster Bank, Ltd.

I ITALY: Banca Commerciale Italiana.

Telegraphic Addr: CHIBANKIND.

Interest allowed on Current Accounts and Fixed Deposits. Terms on application. Every description Banking and exchange basines transacted.

M. ROUET DE JOURNEL,

Manager.

HONGKONG BRANCH:

Tel. Na 2352

5. Quiven's Buïding.

Hongkong, 14th May, 1917.

-BANKS

HONGIONO & SHANGHAI

BANKING CORPORA.

TIOK: Paid-up Capital 0.20.113,000, RIBERYE FUNDS:

Starb

£1,500,000 at 21---

$15,000,000

Silver ...$18,500,000

Reserve Liability of

Proprietors

$39 500,0

COURT OF DIRECTORS.

Hea. it. 5. S. Dodval -fhabu.

J. A. Phet. C. Dipely Ho, Mr. C. E. Anton 0.2. 11. Birina Bea Qubbay, K. Bon. 7. H. Fayoum E. V. D. PATT, Esq., W. L. Fatmanden, 10%~~- A. Y. Compino, ka

CRIEF MANAGE

Forgg-N. J. Babk, Ima

Shanghai k da te, May, Lootos Back Landon County ass

Testinet, mlek

Honging--Interest Alpwell

On Current Accounts at the ratyol 2 pm cabin

| Annai pa the daily ba*

ANSAVISERD DISPOSER.

For 3 months If per cell per

For 6 month

For in monta

per cani, paS BENING.

per cent, par anama

N.JSTABB.

`Chief Managem

HONGKONG SAVINGS BANE.

SET design of the above sladak is conducted wa the HONGKONGAD SHANGHAI BASKINK TORPORATION

Raks may be obtained or application INTEREST deporis allowed on the whe Thu ya mortaly Balancingcant, per samme. 7. Bezorgers may drausini, vedhet option, halažom DE $100 or more to the Hoogkong and Shangha Bank to be placed on FLAKE DEPORT cent, per autum,

For the Bergkeng and Stanghal Beaking Corpor

N. J. STABB.

Chief Manag#>,

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHIRA

Incorporated by Begal Charta Has

WELD OPTIC :-ZONDEN,

PAID CF CAPITAL RESERVE FUND HEJERIE LARTEITI OF

PROPRIETORS

FOREIGN EXCHÁMEÐ ALS URBAINE

hosina trapanted. DEFINITS resired fat year or shortve perfecte Wil cases bich will be quoted en apoikaties.

T. C. DOWNINKG,

Hongkong. 11th April. 1913,

THE MERCANTILE PANI CF INDIA. LIMITED.

b.

$98 $951

sa

$94

2.

$6,80

8.

$93

1.80

$72

COTTON MILLS.

Ewos

S'hai Cottons Yangtszepoos. b.

MISCELLANEOUS.

b. b. b.

t. 155 't. 14,60 t. 194

t. 8,70

Borneos

$7

$4,50

$3.

$7.90

1.

$23

1.

$7.30

.b.

48

$161

D.

$27

a

$10

$6,35

$9,10

cts: 90

b.

$8.40

Portay

Calcutta

П.

$19

Colour Se

Kula Lang

4

b.

$6

Delai

S.

$6.50

100 AM to

Morning Posts

12.

$29

30.00 AX. 10

LE PM. DO

KOU ZE S

00. Érmy 18 Kas. 1000 M 13.00 AX

1.38 2.3 1..3... 1.157.1. 5.007.M.

Galle

Perding

Hongket

Rangoon

15 MIN.

HowTab

Stought

Katy

XU MIN.

10'

Port Louis (Maurisinaj -

Slagapore-

China Light & P.n. Dairy Farms Providents Green Islands H.K. Electrics H.K. Ice Co., Ropes

Cie., in a recent report on the Lyons Silk Market, write:-"A remarkably large amount of business has been done in a descriptions of silk. This revival was at Arst due to the placing of important orders in silk piece goods Oar manufacturers and throwaters, who had acted pro.

time dently for some

past,

London, May 18-A continued exactly at $472,938,584 bat the Wolf Boreau mesmegen circulat endeavoured to replenish their stocks, but supplies in spót eilk source of dissatisfaction among Egures are largely imaginative. ing Polish Frees opinions con- proved to inadequate to the de many shareholders in rubber In a word the buiget is based on cerning the question of a Polish mand that barried parchaees led to companies is

goesework. Our cantemporary monarchy Euggest that Berlin profits ter continues:-Tee largest sources is contemplating. sction in the some excitement. In spite of the which the excess uncertainty about arrivals and of operatee. Old companies which of revenue in China are, of course, matter. the advance in the rate of war rikate fully developed have been însurance, buyers vere obliged to paying big dividends for years, over themselves partly with eilk and many of them do not have to afloat. Series consumers also pay any tax at all. This, su Kr. E. L. Killick points out in the market entered the

freely, particularly in European sorts, for Financier, is not the source fear of permanent scarcity and for of grievance, which lies in the Fecaring in due time permite of fact that young developing com importation. All quotations mark panies, after waiting five or six an advance. On European silk in years for dividends, have on rachen 6 to 8 fan, per kilo, owing reaching maturity to band ia some measure to the imaver the major portion of their povement of the Italianexobange, profits to the Exobequer. The Japans have been, as u asl, con- tax discriminates against those trolled by the American demand. companies which chanced to be Prices moved op sed down, come substantially profit-earning bat fieally gained 6 to 7 fr,,within the war period. Instances with 80 important premiam are supplied by the Grand Cen tral which never distributed more fur epot silks, which Bre s'most exhausted Shangbai than 6 per cent. before the war, -term filatures and Cantons were and which paid £57,230 in excom. retively dealt with and improved profite duty in 1915 and carried by 2 to 3 fcs. The European184,700 forward out of 1916. crop in expected to be a fortnight profite to meet the tax in the Lehind time, owing to the very following year, and Bun Caves, cold weather of April. The flat which pays a dividend of 210 per result may not be affected, except cent, and apparently escapes, the in Spain, where the malberry duty. The question of the exces leaves have not grown in time, profits tax was raised at severaj The Levant, Persis, Caucasus, of the meetings of rubber com- and Central Asia, for want of!ganies hold recently,

CORRECTED TO HOON WEDNESDAY \JULY,4, (817. BENJAMIN & POTTS, Share and General Brokers.

Princes Building.

Tel. address: Broker.

NOTICES.

NOTICE

PEAK TRAMWAY CO.

LIMITED.

TIME TABLE..

Head Office 15, Gracechurch

Street, London.

Authorized pita!. £1,500,00

Subscribed.

Paid U

Reserve Fund

HANK FRE

The East England,

1,125.000

$82,5##

600 006

The Leaden / Stock Bank, Iban é BRANCHPB ›

Karch

Hots Bbers

*6.00 ..

KIGHT CARE tir.x. and 9 x 2.80 to 200 every half bour.

11.00 PC to 12URAL avery quior of an hour. SUNDAYS.

YONGXO CERANCH:

Every description of Banking and' Exenrigs business transacted,

Jure

allowed on Current Accounts als pet srit perance Daly Splàncies, and on J'had Depom it rates which may be ascertained on application

C. CHAMPKIN,

-Acting Managet.

INTERNATIONAL BANKING

CORPORATION,

HEAD OFFICE:

LOANL-

10.30 AM

*

HIGJET CABS kann Week Days

· MATURDAYB

LONDON OFFICE:

by Bishops Edu

EIS MAN,

EXCHANGE.

11.00.A.3.

SELLING.

FEEDBANK, ZO.

Moon to +200

to $400.3.20 IMF. $.

11.00 Kao

1.00 F KAR

10 H.

LS MIN.

13 Mrs.

15 MIX,

1 Wall St, Baw York

8.00 P

30 Mart,

2/+34 2/6 7/16 2/6 9/16 2/6/11/16 2/634

Nom

T/T Singapore

1074

T/T Japan

11754

T/T India bemand, India...

Ход

Nom.

Demand 30 dis.. 60 die.....

4 m/s......... TIT Shanghai..

TIT Ban Francis) 6014

co & New York) T/T Java.......... 145 T/T Marks... Nom T/T France............. 3.47 Demand, Paris...... 3.474

BUYING.

4 m/s. L/C............ 21774 4 m/s. D/P.

***** 7 2/7 6 m/s. LICE 30. d/s. Sydney & 274

Melbourne

30 de San Frano-

isco & New York 4 m/s. Marks

NO

6111⁄2

Nom

4 m. Francs...... 3.60 6 m/s. Francs ****** 3.65 Demand, Germany.. - Demand, New York. 6 T/T Bombay

on the market for beer, of course you will settle on PRIMO because it has been tried, proved Demand, Bombay... Nom., and endorsed by all T/T Calcutta....

Demand, Calcutta... Nom. lovers of wholesome

12034 Demand, Manila beer.. An ideal Demand, Singapore. 1073⁄4

On Haiphong... 4% prem On Saigon .................. 34% prem On Bangkok 64 Sovereign... 783 Nom Gold Leaf, per ok... $4. Bar Silver, potaz... 3334

beverage months.

for summer

Stocked by all/ Wine and " Spirit Merchants mod: Hotels in the Colony

H. RUTTONJEE

& SON:

16, Queen's Road Central-

***

...

SUBSIDIARY COʻNS

DISCOUNT PER $100: Chinese...20 cts, pieces 4.5% %dis,

hinese...10 bin m

4 54 Zdia. Hongkong 20 cte, pieces : paz. Hongkong10

Extra Casa. Midnight. SPECIAL CARE

By Arrangeisend je the Company's Once. Alempers Bulkings.

Der Fouc Rosa

•Hansen, and pegsch dekatu syaballe for al ates not Kireway ball, running sa tõe izne Katad In the Company's Line tabusbuk not für special Dark can be clad on application at the Campány's Office -No Benson ticket wil kona neki payment therefor bas been made So Dank Notes or try -Cheque or Cerapradore orber reprosentter Black Note*-

JOHN D. HUMPHREYS & CO.X

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

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

Conta on Mortenes of Bocar Property, du

· kivunens zizade uz Herolindian. Lenna gjaña on the Provident System.

PROPTER, EXECUTOR OF WILLA, ACTORIES, de. Undarialag (and Krassted.

· Chakna með Partiesāma un

To The Onion of Postion) SHEWAN, TOMES & CO

General Manar Bra

MARTIN'S

APIOL STIL

MARTIN'S

1

CAPITAL SURFI U8-UA 1450€;WF ~ UNDIVIDED PROFITE; UM KYOTORNE •

DOMRAY

CALCUTTA

CANTON CEBU.

BRANCHES

KOB

347,530,000

BITO DOMINGO LONDON. „EBANGĦAJ SINGAPORE

MANILA

• MEDELLIN TIFETSIX PANAMA YOKOHAMA

COLOX HANKOW PEKING HONGKONG SAN FRANCISCO

Through its close affiliation with The Nations City Bank of New York, the Bank is able to oder in Services of the Branches of that fastidion in Can South America, and disswhart, thinely—

BAHIA, BUENOS AIRES, GENDA, BAYANL MONTEVIDEO.

110 DE JANEIRO. SANTIAGO DE CUBA. KANTOS, SAO -PAULO, PETROGRAD VALPARAISO,

All kinds of PORZIGN & LOCAL JANKIYO BUSINESS Gansacted.

CURRENT ACCOUNTS opened And FERES DEPOSITS received at rates te péjmizertained: em application

GEORGH, HOGG

Hongkong, 26th September, 1915)

THE. YOKOHAMA SPECIE BAN F

LIMTED.

Established 1980, Authorised Capital Tem 2000,660

Paid-up Capital ...,, 100,000,000. Beserv's Fundrisses 11. 21 300,000 Head Office-YOKOHAMA

*Branches

Bambur

Farbla

Liao-Yang

London

Ly

Log ingelos

3 Interest allowed on Decrees)

řessived for fired periods.

an appliantiker. Tan20

RISHI ONO,

Hongkong, 12th March, 1912