1917-11-07 — Page 9

THE HONGKONG TELEGRAPH, WEDNESDAY, NOVEMBER 7, 1917.

COMMERCIAL

the extreme feared in

upou

and

#

.

NEWS.

a

OF

a

commerce.

and Cocaine.

Shanghai Coal Market.

HONGKONG SHARE REPORT

A-SELLERS; BA.—BALES; B.BUYERS; N-NOMINAL.

OFFICIAL PRICES. BANKS.

"FIRE INSURANCES.

H. K. Fires

BANKS.

BANK OF CANTON,

LIMITED.

BRAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General Banking Business

Transacted

INTEREST ON FIXED DEPOSITS:

b.

$390 t. 120 $800

.** D. ex 78′′ #205"

$131 $310

SHIPPING.

For 3 Months 3% per annum.

For 6 Months 4% per annum.

D.

n.

5.

Indos (Pref.) Shells Ferries

b.

$19 $112 338 107/0

For 12 Months 41% per annum

"b.

$281

LOOK POON SHAN;

Chief Manager,

$841

$226

MINING

Kailans

40/-

Langkats Raubs Tronohs Urals

b.

Ł. 121

M.

82.50

E.

28/-

301-

#

28/

REFINERIES.

Messrs, Wheelock and Co.'s re-oriental Cons.

port states-Japan Coal:-This \DOCKS, WHARVES, market is getting considerably GODOWNS, &C. firmer in tone;there are many H. K. Wharves . enquiries coming into the market Kowloon Docks b but so iar acthing has been Shai Docks motually settled on account of the

of ex-" actasting condition

War and Business. quickly appear. The fact that the war we ranked close to the foot British Embargo on Morphine *The future of American trade world had turned its face from de of the world's 'sen-going transge; when the war le over should be struction to reconstruction would but within a couple of years,

The Japan Chronicle states. exceptionally brilliant," so ways at once net loose great economic thanks to prompt seizure of a

opportunity, ......... this that private information has been Mr. Heary Clewe, of the New forces. Optimism would prompt favourable York banking house of Hauryly succeed despair, and the work country may easily become received in Ossks to the effect Clews and Co. He says:-The of rebuilding and rearranging good second to Great Britain as that the British Government bee H, K. & S. Baaks s busion world received a con- the civilised world would start maritime nation. The satablish prohibited the export of morphine

MARINE INSURANCES. siderable shock from the Govern with a vigoar that would soon ment of a big mercantile marine and cocaine. This report is now ment's soft coal price-fixing overcome all confusion and speaks volumes for the future of confirmed by a dispatch from the Cantons

North Chinas propoel, which proved more hesitancy. Our steel mills would American foreign commerce. The Japanses Consul-General in Log-

Unions radical iban expected, and, will receive no more war orders, but war brought us two essentials for don'to the Foreign Office, whieb Yangtzes probably not be carried out to far better, they would be pressed international success banking maya-According to an an

soms with orders for shipbuilding, for power and our own shipping. It nouncement issued by the British quarters. The cat in soft coal, railroads, for buildings, sed for is literally up to our business authorities, any applications for China Fires b.

our statesmen to permission to export morphine though tentative, was particularly all kind of construction workin all wen onsettling and somewhat pre-parts of the world. Our textile mille pursue a liberal and constructive and cocaine from Britain to Japan

developing matarely accepted as en in would soon recover from Jos of policy for

our must be accompanied by the Douglases dication of the future policy of the war orders, and be fully occupied foreign trade sad our merebant certificates either of the Japaness Steamboats Government, Action on hard coal, with both domestic and foreign market. This cannot be sooom Home Department or of the Indos (Del.) sugar and other articles has been ardere. Our secondary indus plished by any system of artificial Japanese authorities of Krade less drastis. The Administration tries, such se sutomobiles, type sapports, reprisals or discrimine- tung that the articles to be ex is undoubtedly justified, as a war writers, agricultural implements, tion. It can only be accomplished ported from Britain are for setasi messure, in patting some restraint machinery, do, would also be on a sound basis by bearing in consomption in Japan or io ngou the upward rush of prices pressed with orders to make mind that if we want to sell Dairen and neighbourhood for Sugars nad anecropalous profiteering, good war losses in Europe. Our abroad, we must be equally medical purposes only. Other- Malabona It in eleo jentified in boying mineral producers would be ready to bay, since foreign trade wise, no consideration will be connitione upon as reasonable equally eure of good markets and in the mass is nothing more, or gives." terms as possible; but, no ex-good prices; so, too, would the less than simpla barter. Nor can perience prover, it is already American farmer, who may rest it be too strongly impressed acon treading

questionable aseared of good prices for all he leaders of industry, and politics -ground, and interfering with can grow for some years to come, that the fewer restraints we in-

ancontrollable economic forces in The frath is war has impoverished pose upon trade, foreign way that may easily do more the whole world. The waste of domestic, the quicker and stronger harm than good. Prios fixing, life and wealth has been in- will be its growth. Commerce as in case of steel, is not infre conceivable. Millions of lives have thrives best when least shackled, quently impossible. A price that been destroyed or impaired, and Iccidentally, it may be said, the is fair at one time or in one place, the expenditure for war sinds 1914 best safeguard against war is is quite unfair ander other can of all nations have been over widely distributed .ditions. Flucinations are un- $90,000,000,000. Everything because nothing will do more to avoidable in all markets; costs grown or made by the band of preserve pesce than than the open change:-in fact, the impossibili- Centrals of production wary, and we cap-men is scarce. Years will be re- door and equal opportunities to ly of foretelling or estimating H. K. Hotels what exchange will do in the near Land Invest. not control articles of foreign quired to refill the enormous all..

future is going to be the most H'phreys Est. b. origin. To pat prices down accum, and the scarcity" of;

tione or labour ata

serious factor in the arranging of K'loon Lands without, resson and to unduly men

next year's contrants. In Jspia Shai Lands curtail profits checks production when most needed means high Beane take their place this year the market is really firm and West Points and throttles enterprise. There wages, high prics and a loose one of America's most import although the Government has not Reclamations is no surer way of increasing period of industrial activity. Of snt and valuable crops. Forecast officially restricted the export of supplies than by permitting good course, there will be periode of production in the five important coal to foreign countries the Ewos profits, or vice veres, of decreas of weakness and depression, beat-growing states-Michigar, ing supplies than by destroying There will be grave impoverish California, New York, Colorado amount of coal needed for home Kung Yiks prefits. There are some things the ment of some sections, as well as and New Mexion-announced by consumption is so great that it S'hai Cottons Government cannot do, and one of the crashing burden of debt upon the Department of Agriculture in mast naturally reduce the quanti Yangtszepoos these is it cannot raz the business all. Difficulties, at present au sepecial report, shows 19,980,000 available for export. Fashan Orientals of the United States, but can and perceived, are likely to develop, buehele, compared with 18 845,000 Coal:-The market bas strength Borneos

Coal-Nothing freeh. Kaiping MISCELLANEOUS. should reasonably control it. If it and recovery from war does cat bushels last year and 10,321,000 ened considerably during the China Light & Ps confines itself to checking ex-meas escape from all its losses. bushela in 1915 tremes and to setting the example But let it distinctly be kept in 1,500,000 acres were planted to Past fortnight and prices bare Providents of paying fair prices for what it mind, peace when it does come besas in those states, and the advanced accordingly. Tonnage Dairy Farms wants it will foster co-operation will find the United States elevat average farm price being paid for is very difficult to obtain even at Green Islands between industries and aid in reed to a pre-eminence industrially, them on August 15 was G. $7.24 low and the demand exceeds the H. K. Ice Co.,

very enhanced rates. Stocka are H. K. Electrics moving impediments to distribut-commercially and financially that a bushel, compared with $4.60

Ropes supply. ion, that is about sil it can would have required a generation on that date last year. At the

Steel Foundries n legitimately accomplish. Price to attain, had it not been for this August 15 price the prospectiva

Trams, Low Level n. firing sad incastrial control have cataclysm in Europe. The war crop was worth about $185,000,- Shanghai Freights.

Trams, Peak, old s. been attempted in Great Britain enriched as enormously, because of 000. No estimate was made for

Trams, Peak, new s apon a mach wider scale than here the profits obtained in our foreign the production in the other 43

Laundries

b. Mesare, Wheelock mad. Co., in for a longer period and ander trade and the fact that we have statee.

their Freight Market Report: dated Shanghai, October, 24, more favourable circumstances been the least:fected of any of the

Japan's Trade with Russia, bat the effort has thas far proved great nations. We have suddenly

etate :—Âs regarde the homeward a failure and is reasing a great become world bankers, securing a Since the beginning of the year berth to Earops the scarcity of deal of opposition in business position that will not be aur Japan's exports to Russia have tonnage still prevails, the piton- circles throughout England. rendered. Even should Great enffered a heavy felling-off, but tion has consequently not chang As the war goes on, talking Britain recover her leadership the latest returns show a slighted since last writing and so long and planning for pecos become after the war, we will still be a improvement in the trade for sa the Government continues to mere and more definite. Opinion close second, instead of a distant August last. During that month control shipping we cannot fore. is divided as to what the effect third or fourth as before the war. Japan's exports to Rasis amount see any possibility of a change, will be upon American trade, Foreign trade shows phenomenal ed to T6,921,555 showing an in- but as regards the Pacific there i mach depending upon the in growib, sad while a better bal- cresse of Y104 320 over the pre- rather more tonnage offering then dividual point of view. There is ance between importe and exportavious month.

Beans Worth Many Millions.

More than

BANQUE INDUSTRIELLE DE HINE.

行銀業實法中

Capital (Paid up) ...Franca 45,000,000 (1/2 of the Capital subscribed by the Government of the Chivere Republic.)

Chairman of the

Board of Directors Andre Barthelot.

· General Manager A. J. Perotte.

HEAD OFFICE:

Rus Saint Lazare, PAKIS

BRANCHES: PEKING, SHANGHAL TIENTSIN HONGKONG. and BAIGON. BANKERS

In FRANCE: Société Générale pour, favoriser le Développement du Com-

merce et de l'Industrie en France, In LONDON: London County & West-

minster Bank, Ltd.

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

Interent allowed on Current Accounts and Fixed Deposita. Terms on application. Every description of Banking and Exchangolbusiness transacted.

M. ROUET DE JOURNEL, Manager.. HONGKONG BRANCH: Queen's Building.

Tel. No. 2352

5. Chater Road." Hongkong," 20th Auguet, 1917.

BANKS

HONGKONG & SHANGHAI BANKING CORPORA

TION,

Paid-up Capital

RESERVE FUNDS

Sterling

€1,500,000 at 21-

-$15,000,000

Bitter ...$18,500,000

$15.00€,000

$3$ 500,000

Reserve. Liability of

Proprietors......

$15,000,000 COURT OF DIRECTORS.

Hon. Mr. 5, H. Dodwell-Talent. Hon. Mr. P.. boyour-DaoWY CON Hon. Mr.C.E. Anics, F. C. Bachar, B G. T. M. Ekies. Bet

Gubby Tv.

E. V. D. Pan, Esq. W. Patenten, İng A B Compton, Esq.

CHIK MANAGER Bonghong-N. J. Babb, Mag.

MATÁBER Bhanghai-2.0. Stephen, Esq London Bankers-London Goware use Westminer Bank, Waited

Hongkong-Inarest Allewed ),

On Current Accounts at the rate of 3 Bergant pa

manum on the daily balance.

ON FIXED DEPOSITE,

For mobi 3 per seos, pR KEREN. For mouth, j per cenL, DET KILL.

or months, & per cent, pát azzka,

N. J. STABE.

Chief lánasa 7)

HONGKONG SAVINGS BANK.

THE Business of the show Bank le conduc The HONGKONG AND SHANOKSI BANKING CORPORATION. Rules may be oblaland on application) INTEREST on deposits fa allowed on the ult imem monthly balances at $34 per car. Depositors may transfer et helt uption, balanc of $100 or more to the Hongkong and Flansdal Bank 10 be placed on 7228D DEPOSIT, RI #

CEEL DAY ADDUM.

else.

For the Hongdong usó Shangkal dankie y Carporn

N. J. STABB.

Chief Manager.

THE CHARTERED BANK OF INDIA, AUSTRALIA AND CHINA

lacosperated by Royal Charter 1813

#RAD OFFICE:--LONDON, PAID-UP CAPITAL $300,00 RESERVE FUND

RESERVE LIABILITY OF “

PROPRIETORS,106,6°†

FOREIGN RICHANOR and. Omera::Socks)

bosine 'transected. CURSEST ACCOLATE opened and FIXES DEPOSITS received for 1 year or soccer periods, an vales which will be quoted on application.

T. C. DOWNING,

Manage Hongkong, 11th April, 1911.

THE MERCANTILE BANT ON

$96 $117

д. t. 751 LANDS, HOTELS AND BUILDINGS.

b.

'b.

-

2.

5.

D.

$89 $90 €88. $5.75 $30 t. 74 $85

D.

$113

COTTON MILLS.

t, 185

b.

2. 15

1.114

b.

t. 5,60

1.

t. 301

n.

$61

b.

$4 $746

b. x. d. 21k

11.

87.40

b.

$48

n.

П

$147

$291

P

$10

$6,65

TIME TABLE.

Calcotia

$83 ¿ts. Ju **

6.00 £3. DYERT 18 MIR

Solow's

Delhi.

10.00

30 M

Waterboats n..

$18

S.

5

$6 $6,50

18:00 am to 11.85 AM. Sc TRAKY.XL Lo

1.CT.M. LO

16.

Honghen

15.44 7.3

1.35

Sowinb

TO MAN

1.4 P.X.

10 MIN.

Kandy

RIBE.M

10 MIN.

1.00.

15 Mi

6.00.6

ALBO 1236

Watsons Wm. Powells Morning Posts · n.

CORRECTED TO NOON WEDNESDAY NOVEMBER 7, 1917.

BENJAMIN & POTTS. Share and General Brokers.

Princes Building.

But the value of there is demand for and the con- no doubt that peace will neces may by necessary, still we have exporte daring the first eight sequence is that the Transpacific ritate extensive readjustments gained a foothold in foreign months of the year, amounting to Freight Baresa has dropped it There will come gradually, sad markete that will not be relia- Y89,045,374, shows a decrease of rate on tes from G#55 to G $45 TIT. will by no means demand a return quished. The fature of American no less than Y19,192,075 com per ton of 40 c. feet, whilst tower Demand to old conditions, which is im export trade is exceptionally pared with the corresponding rates them that are obtainable 30 dis. possible. Cancerns devoted to brilliant. By far the most period of last year. Perhaps the from "Ostside" Lines. Cones 60 dis.......

NOTICES.

NOTICE.

DEAK TRAMWAY Co.

LIMITED.

NIGET CARE.

6.3 7.M. And V Tx. 6.30 LO 11.00 1.56. e'ery half bous.

22.00 1.36 10 13.30 PM. 'stery quarter of su bivar.

BUNDATE:

BAM 10

TRAM 1a)

19.30 AM.

1200 M. 1100 Koon Moos to 100 M 17.M. $4 130 13 1.0.3 1 4.00.

10 Міл

10 Min

10 MIN.

18 M..

H. MTK.

5.00 .

10 MIN.

GOT 106.30 .. 1303,

HIGHT CAM8 na an. Week Days

SATURDAYI:

Des Fort Road

Tel, address: Broker,

EXCHANGE.

SELLING.

Extrs. Car at Midnight.

2/1014

SPECIAL CARS

2/109%

2/1012

·By ArrangVIDNOời at the Company's DEIM.

Alexandra. Buildings,

2/1058

2/3034

Nom.

12114

132

Nom.

Nom

68

co & New York/

1591

Nom.

3.95

3 9514

war business will be obliged to significant result of the war decrease in quantity is greater wise:-Coasting is fairly active, T/T Shanghai.... scrap considemble of their plant to Americans will be the re-than that shown in value in view the demand from Northern Ports T/T Singapore or prepare for other lines of work. etoration of the United States to of the advance in the price of routines good and ratea re T/T Japan....... War profits would, of course, fitting position as a maritime commodities. An incrasse, bou- firm;-as regarde Tientsin, the T/T India .....

Our weakness in this ever, is shown in importa into sitastion has improved some bat Demand, India...... disappear, and a few lines of power. endeavour would cease entirely respect has long been a thorn in this country, which for the first and steamers are again proceed. T/T San Francis- But very important effects would our national pride. Before the eight months of the year amount to the Band-the Hongkong

JUST RECEIVED

FROM PARIS BY

MAISON

LILY.

FELT HATS

FLOWERS, TRIMMINGS,

ETC.

ed to X2,596,130, exceeding the market also shows sings of ravi figure for the corresponding ing and the Sigon-Hongkong period of last year by Y555,282.-rate, after dropping to $0.90 now- Japan Chronicle.

stande st $100 a picul,

A

Java Marks T/T Franca....... Demand, Paris

BUYING.

4 min. L/C............ 2/1134 4 m/s. D/P...REALESTA 3/1144 6 m/s. L/C .......... 3/1134 30 Sydney 3,1134 30:d/s. Baa Franc-Į isco &New York

HISTORICAL PORTlbourne......

magnum of the Double Diamond, David,

to drink the health of Mr. Linkinwater."

Charles Dickens "Nicholas NiceLBY*

Chan.xxxvi:

DOUBLE

Established

1715.

DIXON'S

DIAMOND

PORT

This Brand has been shipped without intermusAON for the last 100 years.and is the property of

MORGAN BROTHERS, London & Oporto.

CAN BE HAD FROM ALL WINE AND SPIRIT MERCHANTS.

SOLE AGENTS:

H. RUTTONJEE & SON,

'16, Queen's Road,

4 m/s. Marke

6914

EXAM

Nom

4 mis, Francs ... 4.10

***

6 m/s. France

4.15

Demand, Germany.... ** Demand, New York. 68% TIT Bombay

"

Demand, Bombay... Nom. T/T Calcutta ******** Demand, Calcutta... Nom.. Demand, Manila 136 Demand, Singapore. 121 On Haiphong ........ 34% prem. On Saigon .......... 3% prem. On Bangkok. 5334. Sovereign.

6.90 Nom.

Gold Leaf, per oz. 43. ́. Bar Silver, pero... 4414

SUBSIDIARY COINS.

DISCOUNT PER $100 :| Chinese... 20 cte. piocna57% 4 du, chinese 10:

574% Hongkong 20 ota,

prem Hongkong 10:

"Sasson mod panch tickets available for all not ready tuil, running at the time stałeg B 184 Company's time tables, but not for special mes, can be obulo Season ticket will be on.prácales at the Company's Office --

jawed mall paymatı iharafar has been made Se Bank Notes or by Clanquæ or Compradoes moker copresenting Back Notes.*

JOEN 3. NUMPHREYS A 00. 4.

THE CHINA PROVIDENT LOAN AND MORTGAGE CO., LTD. (Capital Paid up...$1,250,000.) Lowes an Morgses of Hense Property, ds. Mecās received on Blogs. Viennae made an Merchandis Lavaco zzada en los Provideni kyukat.

SERENTAK, EXECUTOR DP WILM, ARTOLENT, dt. Undertaken and Rzemied. (Raboo and Partlerin application) Te the Ottes of „BHEWAN, TOMES & CO.,

General ManAD SYS.

MARTIN'S

APIOL & STEEL

ZASOPILLS

JL Prstan Mamady Boy uli Gongattthon. Marter's villa in tien Jaman Tulipkan the trad stay of say Lyreciartly at the bymam A Sheedy kent may be administernt. Plaas Win

• MARTIN'S SUNS

INDIA, LIMITED.

Head Office 15, Gracechurc 8treet, London.

Authorized Capita)......£1,500.008

Subscribed

Paid Us

Reserve Fund

1,125.000

$40.504

600.00%

BANKERE The Bank of England London Joint Stock Bank, L BRANCHES

flombiy

Karacht

Kota Bharu Knais Lowe

Portela Cseriting.}

Madrea

Perang

Rangoon

?hanghai

thgaporel

PONGKONG BRANCE.

Every description of Banking. and Exsanas- buniones transact

DIY

Interest allowed on Current Accounts at aparca ARE O Deily Balances, sat on Fland Depos

jt rates which may be ascertained on applicaties

C. CHAMPKIN.

Acting Managa:

INTERNATIONAL BANKINO

CORPORATION,

HEAD OFFICE:

51. Wall St., New York

LONDON OFFICE: 15, Bishopsgate, LC. CAPITAL & SURPLUS US: $8,500,000 UNDIVIDED PROFITS US. $1,348,00%

U.S.- $7,868,000

BOMBAY

CALCUTTA CASTON CEBU COLON

BRANCHES ;-

LONDON YAN PEDRO MANTLA

DE MA ORIS.

MEDELLIN SANTO DOMING

PANAMA PEKING.

HANKOW PUERTO

HONGKONG PLATA, КОБЕ

FAN FRANCISCO

SHANGHAI

BINGAPORE TIFATSIN VOKOHAMA

The

• Theourt Its clore affliation with NATIONAL CITY BANK OF NEW YORK. the Bank eble za obar De Services of the· Breaches of that Institution America, azid #ewbern namelyo

CULE SPOLE BAHIA BUENOS AIRES, OPNOA, HAVANA' MONTEVIDEO, RIO DE JANEIRO SANTIAGO DE CUBA. FANTÓS,

SAC PAULO, PETROGRAD VALPARAISO,

All kinds of FOREIGN & LOCAL BANKING BUSINESS transacted.

CURRENT ACCOUNTS opsané -and FIXEI DEPOSITS received at ratas to be sacarteised a [application.

GEORGE HOGG,

Hongkong, 26th September, 1916

..THE

YOKOHAMA SPECIE BANK

LIMITED.

Established 1880.

Authorised Cap'tal Yen 48.000.000 Paid-up Capital... Reserve Fund......

11

36,00031 22.100,000

*

Esad Office-YOKOHAMA

Branches Antung-Hsien Bombay Calputts Changcion

Diyen Ymgileg Harbin Baskon

Honolelo Kobe Liao-Taux London. Lyons

Los Angelor

Tongtad

Agencie Nowalwany New York Omka Young Ryospas For

Artistr

San Fran Abou

Bydows

B

Tokyo

Fetorest. Bili ve4 on Current Acclinta Dapor <received for fav di' perioda at redno se ku vienāzes

EISHI ONO, Manager) Hongkong. 10th Octobe