1917-10-24 — Page 9

THE HONGKONG? TELEGRAPH, WEDNESDAY, OCTOBERT 24,0 1917.

COMMERCIAL

Growing Mineral Outpat of Japan.

Јаралеве to Study American Methods.

about 10

"Australia's Trade Prosperity.

Commonwealth

NEWS

ན་

HONGKONG SHARE" REPORT.

8-SELLERS; KA-BALES;

BANKS.

BANK OF CANTON,

LIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and Gonorai Banking Business Transacted.

INTEREST ON FIXED DEPOSITS:

BUYERS; N-NOMINAL

OFFICIAL FRICES. BANKS.

$67,9

b.

b.

H.

$320 t. 115 $800 b..er 78 $205

FIRE INSURANCES.

be

$131

b.

#310

$73

For 3 Mouths 3% per annum. For 6 Months 4% per annum.

b.

$18

..88.

b.

Q

51.

$118 $52 107/6 $29

For 12 Months 41% per saaum

LOOK POON SHAN; 20 Chief Manager.

REFINERIES.

D.

$85

b.

· $29.

MINING

D.

10/-

b.

t. 14 $2.50 28/-

• 30-

n.

281-

DOCKS, WHARVES, GODOWNS, &C.

$841

£...

$119 t. 80

S'hai Docks a.

LANDS, HOTELS. AND BUILDINGS.

די

BANQUE INDUSTRIELLE

DE CHINE..

行銀菜實法中

Capital (1⁄21⁄2 Pald up) ...Franos (5,000,000 (1/3 of the Capital subscribed by the

Government of the Chinesn Republic.)

Chairman of the

Board of Directors Andre Berthelot. General Manager. A. J. Perapie.

HEAD OFFICE:

74 Rus Saint Lazaro, PARIS BRANCHES: PEKING, SHANGHAL ÉTIENTSIN HONGKONG, and SAIGON. BANKERS,

pour

In FRANCE: Société Général

favoriser le Développement du Com- merce et de l'Industris en Franca, In LONDON: London County & Weat-

minster Bank, Ltd.

In NEW YORK: Redmond & Co. In ITALY: Banca Commerciale Italians. Telegraphic Address : CHIBANKIND.

Interest allowed on Current Accounta and Fixed Deposita. Terms on application. Every description of Banking and Exchange business transacted.”

M. ROUET DE JOURNEL, Manager.

HONGKONG BRANCH :- Queen's Building

Tel. No. 2352

b.

b.

$89 $90

- D.

$89

b.

$5,75

$30

8.

1.

IL.

L. 74 $85 $115

COTTON MILLS.

b.

Kung Yiks S'hai Cottons b.

bi

t, 155 t. 151

t. 114.

Orientals

b.

5. Chater Bord. Hongkong, 20th August, 1917.

NOTICES.

Cotton Imports at Manchester. of the mills on the Sumida doer 1916, $310,000 000, and in the employed, to make a double stiga The cotton season 1916-17 end- not necesarily mean the spoiling fint: year 1917 just ended wharf to permit of reasola loading ed on July 31. According to the of the card-cloths, and moreover $558 534.000: This increase throughout the wear since, with a cficial journal of the Manchester they have special equipment for since 1914, while largely war summer rise of 30 or more fest in 11 vion material, includes alao railway the river, a single wharf would Cotton Association, the im-eaving card-blɔths portation of raw cotton at the of the dangerona position of the applies and material, automo- make a dangerously large drop Manchester deck during this mill. In any one, if spinning biler, metal working machinery, from the shoots into the vessel's period was 568,775 baler of all frames for 300,000 spindles have Isather and manufactures thereof, bold. The alternative method is. K. & S. Banks n.

MARINE INSURANCES. defcriptione, against 676,811 boon flooded, it will be over 30 copper, steel rails, railway cars, to employ pontoons and the bales in the previous erason. Of days before they are restored to wire, and miscellaneous mannslower system of handing the ora Cantons

and sel.(by means of coolies. It will North Chinas the 1916-17 receipta 422,052 balen their former conditions. At pre- factures of iron

Unions the monthly outpat" of "The imports from" Russia naturally take some time ta were American, against 514,101 sent bales in the, previous resson;

cotton yarn in Japan amounts since the beginning of the develop so immense en ander. Yengtszes to about 15,000 baler, and war have fallen to BD ex-taking since not only the machin- |2 144,441 halos were Egyptias, #gainek 182,010 bales; and 282 the suspension of 300,000 spine tremely low point, having beenery for raising the ores has to be China Fires bales ome from other countried, les will cause a diminution of in 1913, the rear preceding the installed, but a railway buils to H.K. Fires

SHIPPING. per ant Further r $29,000,000, in 1914, $23, the river and the necessary whatf] ;=, against,200 bales in 1915-16.

stocks of TAW cotton and 320,000 in 1915. $3 384 000. in accommodation erected, but it is Douglases b. cotton yarn, other materials, and 1916 $5,917,000, and in 1917, anderstood that the company Steamboats. the whole equipment of the cotton $9 484,000.- Agricultural in-bopes to be able to make the first Indos (Del.) Daring September Japan's mil's inundated may have been p'emente, binder taine, mso-shipment by September, 1918, Jados (Pref.) mineral output incresced even in-ariously damaged, and the losses facures of iron sad steel, mark 3-jaftor which it will be possible to Sheils

Ferries clading gold, which had been on of the spinning companies con- ery, copper, railway material and arrange for the shipment of "the decline, probably because cerned may be very considerable, supplies, automobiles, bouts and several hundred tons of ore per

mine workers were stimulated It is believed that some of the shoes and material for their mapu- day. At present, since the pre- Sugars very much by the reports of cotton mills elsewhere, have also facture, sewing machines, type-perty is being developed by the Malabons America's steel and gold probibi. «uffered more or less from the writers, and raw cotton form Chine-Japan Industrisi Develop tion and the consequent stress in typhoon. In view of this fact, normally the bolk of ment Company, the ores will be Kailans the metal market. According to activity has somewhat revived on United States exports to Rossot direct to Japan for smelting. Langkats the Department of Agriculture the Oeska ootton yarn market, sis, and bides kad ekinr,|bat with the discovery of coal in Raubs and Commerce (Tokyo) Septem- which has been markedly depress wool, fibres, and certain chem- [extensive quantities in the vicinity | Tronoha ber's gold output was 131,230 ed for some time past,

icale the bulk of the imports thereof Wabo, it should not be im Urais momme; an increase of 6.6 per

from. Calf ekipe imported from ¦ prible, if the coal, prove to be Oriental Cons. cent. over the corresponding

Writing recently to the United Raanis slone amounted in 1915 of the right kind, for the smelting period of last year. Silver which States Department of Commerce, to $10 000,000 in value castle and the manufacture of steel to be had a more stimulating element in sight then witnessed an in the Consal-General at Sydney, hides over $4,000,000, bora hides undertaken locally, as has been H. K. Wharves b crease of 45 4 per cent., the tntal N.S.W., said that notwithstand. 2,000 000, sheep skins and got the case with the Has Yeh Ping Kowloon Docks

ing the severe strain due to the skins each brat $1500,000. nee. The possibility opens up - being 4,678,235 momme.

of carpet wool $3,500,000, fsx and a great vista for the development output of iron we also an in- war, the cresse, of 23.5 per cres, the total Australis enjoyed great prosper- hemp $1,000,000, India. rubber of Chins in what has become the being 6,763 tons. Capper, also ity during 1916 Financial con refuse for remanufacture aver a prime requisite of civilisation, Centrals increased 13 per cent, the total difions were satisfactory, and half million, licorice root nearly steel, and, independently of the H. K. Hotels being 12,517,457 kin. Petroleam, the banke conducted a large half million, and fossel oil and development that is taking place Land Invest.

produce, H'phreys Est. bowever, showed a decrease of volume of business. Irrigation glycerine about a quarter of a in the export of

million esch,"

promises to make of the Yangtee Kloon Lands projects are being developed and

S'hai Lands 18.6 per cent.

railways and street car lines ex- Iron Mining in China. „ one of the most important water-

West Points fended, but not on the scale orig. The new deposits of iron ore ways in the world. It remains

Reclamations inally contemplated. "The for-which are now being developed for the Chinese Government to It was recently annoured that sign trade of Australie during the by the Ya Hang Iron Mining recognise the vast possibilities of Japan will send to the United weal year ended June 30, 1916, Company with the backing of the wealth that lie beneath the soil States this mooth an official com comprised imports worth 373, China-Japan Industrial. Develop-ready to be developed and for it mission composed of financiera 443,476 dols, and exports valued ment Company promise to yield to throw no obstacles in the way and basiness mes, who will study at 311,554,463 dole, exclusive of some of the richest ore in Chins, of those who are prepared to Yangtszepoos &sa. t. 534 war-time finance, and promote bullion," says the report. "Local while as to the amount available, risk their capital in such

MISCELLANEOUS. business and economic relatione trade was successful during the no estimate on yet be formed as development.

The Silver Market.

Borneos between Japan and America, past year, but the general im only two of the are bearing bil's

After recording the rise to 481 I. China Light & P.n. Baron Tanetare Megata will be pression prevailed that importing here so far been prospected, bat

b. appointed Chief Commissioner. houses and dealers were well stock these promise to give a yield far on September 5, and remarking Providents He will be socompanied by a staffed at the beginning of 1917 and richer than anything hitherto that this constituted another re- Dairy Farms of experts, from the Ministries sales would be made with greater tapped. The new mine is cord since January, 1891, Messrs. af Finance

at Teekong, about Samuel, Montaga and Co., in H. K. Ice Co., Commerce, fort. The impossibility of obtain situated and by four commissioners re- ing early delivery from England twenty-seven

miles above their letter of September 8, say: Ropes presenting the commercial life of caused meny dry goods merchants Wahe, and lies only fire The most important fact, however, Steel Foundries . the Empire. The entrance of to place heavier ordera in miles back from the river, making bearing upon the strength of the Trams, Low Level b. America into the war is regarded America, and when the English, shipment direct from the mines market, is the remarkable firmness Trams, Peak, old s. as creating a new order in the shipments were forwarded sooner particolarly easy. Dalike the of the Shangbai exchange, which Trams, Peak, new s. world of finance and industry, than expected the result was eno- mines higher up the river, these yesterday was desit in high Laundries and Japan wishes to adept herself siderable overstocking. On the will permis of vereels loading to A 4 1011. At the parity of U. Waterboats n. to the new conditions, Baron other hand, the plentiful rainfall a depth of 19 feet at the sesson this figure, silver could be bought Watsons Megata says the commission will assured large crops of grain of lowest water, entirely obviating at much higher prices than those Wat Powells sim at finding means of practical and hay and abundant. pas- the necessity of lighterage from yet quoted here, with profit. On Morning Posts a. co-operation with America in all ture for the Books and herds, the mines to the ship. So far, September 3 the Indian Govern ways possible. The commission a large wool clip, and isoressed about 30,000 tons of extremely ment issued an order prohibiting will visit New York and Washing- mutton and beef production. rich ore has been gathered for the export of silver coin or bul- con to consult with Government These favourable conditions and shipment in what bae been little lion from India, Imports of silver Share officials and financiare.

the Govertiment's guaranteed more than surface working for are also prohibited. Hitherto the parshare of the wool clip and the sirking the shaft and the cutting Government permitted imports, wheat drop at good prices angur of the necessary ronde and it is tut acquired them all for coinage. Stockholm, September 0.-M. wall for trade in 1917. The estimated that the two hills that Thie enactment coincides with Hjalmer Landbohm has been hydro-electric power plant under have been thus far prospected a

farther increase in the appointed to undertake s special constraction in Tasmanis, to be contai

previous me- Do less than twelve resCLPA mission to the United States. The operated ander Government con- million tons of ore that ie even tal held the Indian appointment is looked apan astrol, will facilitate manufacturing. richer than that of the Tayeb Treasury. The details given T significant of a change in Sweden's

A dam being built at the end of mines. The present method of below show that the gold, in Demand commercial policy. Before the Great Lake will flood that entire working ie from the summit of India and London combined, now 3 die. war Swedish iron ore we to a region to a depth of more than 10 the bill that bus been tapped, the amounts te 1,467 lakhe--the 60 die..... copeiderable extentexported to the

feet, and the power will be con-ore being conveyed to the base by large-t tatal since May 31 last.

T/T Shanghai.... United States, and Landbohm's ducted 60 miles to Hobart, where means of an aerial railway that is While the present bolding of

T/T Singapore. mienion, it ie anderstood, will

an electrolytic zine plant will Dow in course of constraction. eilver is the most substantial re-

TIT Japan. undertake to reopen this treffit, melt Aus'ralian ores. Several From there a railway is being laid corded since the close of 1915 India

Nom which will cause a decrease in new factories have been erected to the river to transport the ores la lakhs of ropees on August 31: Demand, India ....... Nom. the quantity of iron ore sent to and others enlarged. Skilled to the steamere in the Yangtse, a Notes in circulation 10,515 T/T San Francis-1

6414 Germany. Not only the general mechanica brought from the distance of less than five miles. Reserve in silver coin and

co & New York situation, the result of be com United States and other countries Bere wharvee will be bailt so

2900 TP Jan 151 mercial policy of the Entrate have introduced new apparatus permit of the rapid loading of the Gold coin and bullien in

T/T Marks... Nom. nations toward. Sweden, causes and improved the quality and the ships, it being probably accessory, India

1.212 T/T France............ 3.75

3.7544 255 Demand, Paris ................

BUYING.

and

Sweden Seeks U.S. Trade.

her to seek relief, but Germany

ballion...

by

is no longer able to export suff. quanlity of the output in the should the shoot Fystem by Gold in England...

metal, clase, rubber tyre,

cient coal for Sweden's demande machinery, and chemical indus end forces Sweden to try to com- tries. The menufacture of ready- peneste her iron ore agsins made olothing, shoes, corsete, American coal. This stop, it is soup, and agricultural implements believed, will add to her inde-has been made efficient. There pendence of commercial relations a strong tendency to make with Germany,

Australis more of a manufactur-

Japanese Mille Flood Sufferers, {ing country."

A deepátoh has been received

in Omka from Tokyo to the effect.

American Trade with Russia,

A statement recently_eest out

that as the result of the overflow by the National City Bank on ing of the Bamide river, ten United States trade with Russia cotton-spinning mille op its backs shows that despite the rapid have been inundated, leading to growth of our commerce with that the suspension of the working of country, prior to the war we sup about 300,000 spindles. The plied less than 10 per cent, of ber deepatch gives no farther parti-importe and took but 1 per cent. culars, and nothing is known of her exporte, "The total x- about the fate of the oardoloth ports from the United States to an article which cannot be Russia bave grown,” the state- obtained in Japan. If the cardment said, "from $10,000,000 in alaths have been damaged, says, the fiscal year 1900 to $18,000, the Japan Chronicle, this will 000 in 1910, $23,000,000 in seriodaly affect the cotton spin-1912, $28,000,000 in 1918, and ning industry, for it is practically $81,000,000 in the impossible to get new ones sinos | your....-1914, - all - of-- which the British Government has pro- preceded the beginning of the hibited export. At the same time, war. In 1915 The exports to it may be maid that she foundation Russis jumped to 861,000,000, in

1.

"

Ewos

Green Islands

H. K. Electrica

NOTICE.

PEAK TRAMWAY CO.

BANKS

HONGKONG & SHANGHAI

BANEING=7°CORPORA

TION

Paid-up Capital .......$15,000,00 RESERVE TUNDS:

Sterling

£1,500,000 at 2/-

--$15,000,000

Silver ...$18,500,000

$35-300,601

Reserve Liability of

Proprietors.----$15,000,00% COURT OF DIRECTORS.

Hon. Mr. S. B. Dodwell.-ChairmẠT -

r... E. Boyo Deporte Obalyan Hee, Mr. C. EAston, 7. C. Barchar

Babies, G. Li Cakbay, Beus 4. D. Parts E19 W. L. Faminem, legen A. B Compton, EM

Hoa.

CHIEF MANAGER

Bougkung-N. I, Huda, Dog.

MANAGEM

Sangbad-, G. Repbex, Esc London Bankers-London Conaty one Westmine Back, Limited

··Hoag 265g...Interest & Bowed 1

Qe Carvent Accounts as the 1s of sperment pur

aarom on the daily balancÇA

ON FIXED DEPOSITE,

For months. If per cent per AERSKĮ

Fos & month

or as moni

per cual, par aADKI,

per coal ber BI BIR,

N. J. STAKE,

Chief Maagii

HÖNGKONG SAVINGS BANK.

I

THE ENNUST of the show Kask li contact by the HONGKONG AND SHANGHAI ZANI ING CORPORATION. Kalm may be obtained on applicatia INTEREST on deposits it, aboveć ty she w farm monthly balances at Barcs

BYOUR

Depositors any transfer, at Chele spelen JalinCES-

of $100 or more to the Hongleung--and ). Cambod Bank to be placed os FIND DEPORT cent per annum.

Blo

For the Hangkong and Shanghai Bank Corpor

N. J. STARE.

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA.

Incorporated by Royal Charter Sixt

PRAD EFFICE-LONDOK. FAID-UP CAP£1,400, RESERVE FUND

RESEKTE LEABILITY OF, yourse PROPRIETORS. £1,000,0¢! FOREIGN EXCHANGE and General Hazlina

business runsastades vent. CURRIST- Äccotaz opened and D DEPOFITA Tcrived for year or aborter periods; # { rates which will be quoted on application

T. C. DOWNING,

Manage Hongkong, 11th April, 1913.

THE MERCANTILF ÉANY OF INDIA, LIMITED.

Head Office 15, Gracechurcl Street, London.

Authorised Capital......£1,500,00% Subscribed

Paid T

Rezerve Fund

t. 361

п

#61

$4.10 $712

b. x. d. $211

sa.

$7,50

b.

$18

$ 149

b..

$90

$10

$6.55

Bombay

$81

Calcutta

. cts. 90

Colombs

Delhi

Galle

10.00 AM

Hongkong

b.

#13 85%

18.00 3G to

14 20

ILM AM. 10

11. P.M.

Kandy

S.

16,50

3.18 2.0

10 Mr.

$29

10

8.00 2.4

M

NIGHT CARS.

1002.

b.

CORRECTED TO NOON WEDNESDAY OCTOBER 24, 1017, BENJAMIN & POTTS,

and General Brokers, Princes Building.

Tel. address: Broker.

EXCHANGE.

SELLING.

2/812

2/856

2/84

2/8/6

2.9

******

Nom. 115 12514

HISTORICAL PORT. 30 da. Sydney &

A magnunt of the Double Diamond, David to drink the Fibalik of Mr. Linkinwater. Charles Dickena "Nicholas

DOUBLE

I stablyhotf

1715

DIXON'S

(DIAMOND

PORT

*This Brand How been shipped with for the last 100 years; and is the

"MORGAN BROTHERS,

23

CAN BE HAD FROM ALL WINE AND SPIRIT MERCHANTS.

SOLE AGENTS £

H. RUTTONJEE & SON.

Oseen's Road.23.

4 m/s. L/C,

4 m/s. D/P............ 2/94 6 m/s. LJC..

2/956

2/10

2/10

65

4 m/s. Marks

Nom.

Melbourne.mare!

30 d/s. San Frano-Į

isco New York)

4 m/s. Francs ...... 3,90 3.95

6 m/s. Franca

Demand, Germany.. ***** Demand, New York. 6456 T/T Bombay

Demand, Bombay... Nom. TIT Calcutta

Demand, Calcutta... Nom. Demand, "Manila .129

B

Demand, Singapore. 115

On Eaiphong

!

44% prom On Saigon 4% prosa. On Bangkok anon 5534 Sovereign

7.25 Nom

Gold Leaf, per oz... 1£40 Bar Silver, per o%.... 413%

SUBSIDIARY COINS.

DISCOUNT FAR” $100 1 Chinese,20 cta, pieces 31-4% di Chinese... 10

Hongkong 20 eta; Hongkong 10

LIMITED.

TIME TABLEĖ“

Ad 9 va 130 14 £180 2:36 avery bait hour.

SLID PALLO 1188 8.3. start quarter of sa bour

BUNDAYE:

16.30 AM.

119 Noon

EVERY 3 MIX.

10

16 Max.

10 11

IS MIX.

10 13

1.30 230

MIREZ CASE se eu Week Daya

SATURDAYS:

zzies. Car at Midnight:

SPECIAL CARE

19 Arrangement at the CoinjaDYS ORION, Alexandra Ba£ings,

Fox Bond

"So abi" +"neh' Acko's RVAULZle for all SAID TOR Biresdy full, running at the time scaled 30 MA COMPACTV cables, but for specta

nbcribed va application at the f

COMPLATA „ponad renti jayment Uberelor pe béer made

in Bank Scias or by Chayer or Compratech | arkas kupresenting Back Bal

X:

JORN-D: HUMPARETE & CO-ST

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD.

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

Lamous Mariaga of Boose Property, de deoda sacalred on blorsgs. Adranom mača on Mareffodios, Lomat tenda on this Provident

VERITEL, KIHOUTOR OF WILLE, ASSORMEL, An. Undertaker and Micotină. Chader and Parktondare on applĹemales)

Odies of “

•

SHEWAN, TOMES & CO.,

General Manawers.

MARTIN'S

مور منه سوى

1,125,000

6623304

600,000

BANKER The Bank of Engles The London Folat Stock Bank, Linkag

EXANCHE

"Howseb

Part Louis (Matrition)

Karachi

Kou Ebera Kuala Lumpu Hadrus -

Penang

Rangoon F hangbel

Singapori.

HONGKONG BRANCH.

Every description of Banking and Exchang Seinet batiacid.

Interest allowed or Current Accoesis 11 apači par ackum co. Daily Balances, and on Fled Depot nt rules which may be ascertainad on application.

C. CHAMPKIN,

Acting Manager.

INTERNATIONAL BANKING

CORPORATION,

HEAD OFFICE:

1. Wall St., New York.

LONDON OFFICE: 16. Bishopsgate, LC.

CAPITAL & SUPPLUS U.S. 16,500,00 UNDIVIDED PROFITS US. $1.348,00

*DS. $7,148,00%

BRAN HUS:-

IAN FEDEO

DE HALLIS, MEDELLIN SANTO DOMIN

BOUFAY

LONDON

CALCUTTA

MANILA

CANTON CEBU. COLOR

PANAMA

HANKOW PUERTO

BONGKONG PLATA, KOEL

EAN-FRANCIUTO

SHANGHAI BINGAPORE

TIENTSIN YOKOHAMA

Threat Its close liation. NATIONAL CITY BANK OF NEW YORK, tha Bank is able to as a Services of the Branches of tax fois la Cizdod America, and elsewhere, namely:se

BAHIA BUENOS AIRES, GENOL, HA FANI: MONTEVIDEO, 10 DE JANEIRO SANTIAGO DE CUBA, FANTOS, E FAUL 2, PETROGRAD VALPARAISO,

All kinds of FOREIGN & LOCAL BANKIN BUEIKENS nacie

CURRENT ACCOUNTS opened and FIXE DEPOSITS received a sales to be ascertained b Application.

GEORGE HOGG.

Manager,

Hongkong, 26th September. 1916

THE

JOKOHAMA SPECIE BANF.

Y

LIMITED.

Established 1880..

Authorised Capital Yer 48,000.DED. Paid-up Capital... 36,000.c00 Reserve Fund

22,00,000

Head OfficeYOKOHAMA

Branchen.

And

Antung-Hadan Bombay Calordia

Peking

Changcion Beiren Tengtien Haria Hankow Honolulu

Kob

London

From Auction