1918-01-09 — Page 9

Tatenta

THE HONGKONG TELEGRAPH, WEDNESDAY, JANUARY §, 1918,

COMMERCIAL

NEWS

HONGKONG SHARE REPORT-

8-BELLERS; SAI-BALES; B-BUYERS; N-NOMINAL

OFFICIAL PRICES. BANKS.

BANKS

BANK OF CANTON,

· LIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and General Banking Business Fransacted.

INTEREST ON FIXED

DEPOSITS:

BANKS

HONGKONG & SHANGHAI BANKING CORESFA®

STION Paid-up Capital $15,00€.0m RESERVE FUNDS,

Sterling wit

£1,500,000__2}--||| 1995 $15,000,000. Bilver$18,300,000

$33,500,000

Reserve Liability of

Proprietors.$15,000,000

COURT OF DIRECTORS.

Hon. Mr. S. F. Dodwell. —"bakar, Es. Mr. P. Bayon Deputy Chairm se Hon. Mr.C. Anton, F. C. Butche 9. T. X. Adking.

1 Gebbey, "Kag E. V. D. Party Bags W. Patisode, kacam A. B Compton Exc

Roagkung➡N, J. Bald, Esq.

Bhangbejana, G; Mephen;"Zag London BankLondon Openky, ka^- Westminster Bank, Lasited.

Häng materet Allowed i Os Current Accounts at the rate of Spee sent ye -aanum on the dally balanca

$300

b.

EN IS

b. n'ex 79 $205

122) $310

$740

For 3 Months 3% per annum,

$72 $17) 165

For 6 Months 4% per annum.

$581

112/

$281

For 12 Months 4}% per annum

LOOK POON SHAN; :

Chief Manager. -

REFINERIES.

S

892)

:8+

MINING

BANQUE INDUSTRIELLE DE CHENE

88

38/-

b.

L. 14

純行銀業實法中,

Sa

$2,60

R

30-

(1/3 of the Capital subscribed by the

Government of the Chinese Republio.)

B

25)-

Chairman of the

281-

Board of Directors Andra Berthelot," General Manager`· A. J. Fërnotta....

tics.

DOCKS, WHARVES, "GODOWNS, &C.

LANDS, HOTELS AND BUILDINGS

#125 t-73

The American Iron Embargo. American Exports to Russla, ; } alone of the existing sugar.com- Steel Production and Values

Though the Japanese Govan There have been dispatches paring amounts to soms 7400- Taffrom showing any sign of abatement, the pressers of nat- ment has ancunood the ruptate of saying that until the internal 000,000, and when to this is added ional work in British iron and the negotiations with the US. Įsitastico in Russia is settled, the scoring values, the money neces- steel centres seems to become Government over the question U. S. Government will suspend sary for taking over the industry more pronounced. Important de of the United States supplying all exports to that country. A will come to an enormous amount velopments are going on in the Japan with iron and steal in telegram received by the Nipponto enormous, indeed, that, în way of extensions and the erect return for Japanese offer of Tusen Kaisha on the 20th ultimo the present direnmetances it is, H. K. & S. Banks n

MARINE INSURANCES. ion of new plants, and productive tonnage, Bentar-Agenov, informs from its New York cffios denies declares the Finance Minister,

impossible to raise it in this Cantons capacity is thus being added tons (ays the Japan Chronicle this,

Iocuntry: It is added that nothing North Chinas the of the conviction" felt in official

Juta Industry. gradually, bat, e160 80,

Dundee praatially owes its ex-like the expenditure for the ram Unions sccumulation of orders in the quarters in Washington that a steel sections is so intense that estisfactory arrangement will arise istence to its textile industry. It cured sugar nationalization is Yangtazes

FIRE INSURANCES. there is not much hope of relief at out of the Japan-American newss the pioneer in the adoption of provided for in the Budget for

China Fires b present. An interesting develop gotiations. Opiuton in Japanese jate sa a fibre for making cloth the next financial year,

H. K. Fires Future of British Steel ment is the obsage in Trans shipping circles endorses the of a cheap quality, and its hold

Sir William Beardmore presid

SHIPPING. Atlantic conditions. Prices in the probability of such a conviction upon the trade has been so firmly United States osme down son being entertained in the United maintained and developed that ed recently at the satuma meet-Douglases siderably, tending to create the States, bat does not show the Dandee is recognised as the prin- ing of the Iron and Steel Institut, Steamboats impression in some quarters of matter say the essier of cattle cipel centre of the jale industry beld at the Inatitation of Civil Indes (Del.)

For Engineers, and announced that Indos (Prei.) relief being at hand in the way of ment unless, indeed, the American in Great Britain. additional supplies of American authorities make a big concession number of years, however, Mr. Charles Eugene Schneider Shells steel, but the downward movement in regard to the price to be paid a formidable rival has been met had been nominated by the Ferries was only the forerunner of the fir for Japanese tonnages point in the extraordinary developpent council as the next president. ing of official prices. The American which is, according to Rater, of the industry in Celonita, where Mr. Saboeider is the principal Sugars iron and steel trade is now to all the only pending question." the number of looms and their owner in Le Orgot Works, the Malabons

ander Japaneee shipowners point out caput now far exceed these great French rival of Krupps. Mr. and purpos08 Government control, a system of that the question of price Dundee, ard in many Cases Gay Barrett (Ebbw Vale) and Kailans allocations of supplies being is the most important in the Dondes has been dislodged from Mr. T. B. Rogerson (Glasgow) Lingkats

on the Raubs established similar to that in negotiatione. At present the markets that it formerly held contributed a paper fords in England. What with big value of hulls in this country is with ease, because Calcutta is briquetting of iron ores, in which Tronoha domestic requirements and the not less than 1800 per ton even able from ite cheap labour and they pointed out that the increme- Urals supply of rast quantities of for rather old vessels between the close proximity to the raw ed production of sulphurio. said Oriental Cons. material for Army purposes in ages of 15 and 20 years, and the material to sell its goods at a brought about by the war would connection with the Western sice of newly-built steamers price that Dandes could not meet bring into the market a quantity front, American steel producers must be over 1700. It therefore without actual loss. As a conjef meerial which would be vastly H. K. Wharves & sa. $97) have-their-bands very fall, and goes without saying, we are told, sequence, a large number of the ad by some briquetting or Kowloon Docks sa there is not much prospect of any that Japanese abips cannot be loosi manufacturers have devoted

no doubt that suitably treated important additional surplus of supplied at the prices offered by their attention to turning ont the ring tregiment. There was Shai Docks semi-finished steel being diverted the United States which, it is wider maker of cloth, ap to 150 many otherwise practically worth- to consumers here. The home understood, varied from $170 to inches in width, which are used lees ores could be made into moet Centrals

| valuable material. The mechani-H. K. Hotels trade demand for pig-iron has $260. Even if the United States in the manufacture of linoleum.

cal section of the committee Land Invest. in Reported Nationalisation of developed lately on a larger scale. is prepared to yield in this re-

Sugar Industry. dealing with the treatment of H'phreys Est. Supplies of common Cleveland spect, she will not make any great iton are being allocated liberally, concession over and above $200, There have lately been rumours steel and ita ferro-alloys submitted K'loon Lands and deliveries would doubtless and in any case it is fairly cer that the Government (says the a preliminary report on the com- Shai Lands proceed on a better scale were tain that she will not see her way Japan Chronicle of December 28) parison of rolling mill practice at West Points means of transportmore adegaste.fo pay anything like the prince contemplates nationalising the home and abroad, and replies to Consumers, however, have no quoted in this country. There sugar industry, to run it on the questions sent out to ascertain resson for complaints. The car are thas great obstacles in the same lines as the salt, tobacco, the views of manufacturers on Ewos rent output of foundry grader is way of the iron and tonnage camphor and other State enter the causes of the emaller output Kung Yiks ample to meet all seede, but it is question. To offer tonnage simply prizes.. In this connection 8 of British steel works as compared S'hai Cottons as yet impossible to fully cope for a supply of shipbuilding ma- Seiynkai leader says: "It may with foreign practice. In their Yangtszepoos with the demand for hematite. terisie is to eacrifice the interests be true that the authorities are general remarks on the replies Orientals Italy is a constant large buyer of of shipowners for the benefit of taxing their brains as to the the committee stated:-"The hematite, but the spare tonnage shipwrights. Should the Ameri- means of meeting the big expand- opinion is expressed that if the Borneos.. remains comparatively smell. ein embargo on iron and steel beiture on the Army and the Navy steel trade of Britain is to bold China Light & P.b.

modified in favour of Japan in in the making of the Budget for its own in open. competion with Providents

Green Islands Piece Goods. The piece goods consideration of Japan'a cffer of the next francis! year, but the other steel-producing coun- Dairy Farms

H.K. Electrics market daring the past week toppage, those shipowners who nothing definite bas yet been tries of the world, it will be

rumoured necessary, amongst other changer, H.K. Ice Co. (ange the N. C.-Daily News of might be called upon to offer the heart about

Ropes December 29) proved in keeping necessary steamers would star proposal for making the sugar to have a Central Board to which

certain industry a Government monopoly, all orders will go, sad from Steel Foundries élly bring forward with the holidays and was little demands. For instance, they The ramour may be a misrepre- whence the work will be allocated Trams, Low Level sa. brighter. The political situation appesre more favourable, and con- might urge that the shipbuilding sentation of the fact that an to the different works according Trams, Peak, old s fidence arem to be returning to materials newly supplied by the incresse of the excise duty on to their ability to do it. This Trams, Peak, new n.

The money market United States should be devoted sugar is being considered in would save the enormous amount Laundries has also loosened appreciably. towards replenishing their deplet official quarters. On the whole of capital at present locked up U. Waterboats n. Speculative buying has been the edet. In fact, this view is it does not appear that Govern-in stocks of rolls. Many works Watsons Lesult of the low prices, the held by many of the shipowners, ment has yet settled ita pro- have rolls for practically all Wm Powells speculators, buying for resale after and is regarded se perfectly gramme of budget-making. If the British standard sections, and Morning Posts n. the China New Year, when, if im reasonable. This would, how the Government is to carry out change the rolle se required to provement in political conditions ever: not be acceptable to the such a big project sa the nation suit orders, If, on the other continues, an advance in values is shipwrights, who would then be slieation of the anger industry, band, the orders were sent from looked for. Telegrams sent out by only able to gain comparatively this should by now have been a Central Board, mills could be Peking asking for all parties to little mousy se builder, and not intimated to us, but no such in- kept on the work allocated to Loake peace have seemed to restore be able to realise enormous profits formstion bas yet been given. them for long periods, thus confidence a litde at Hankow, I by selling the vessel built to those For the next financial year the reducing the amount of roll- ffering the highest price. On Government has fairly abundant changing and also enable works quiries came from there this week, these rounda belief obtains in sources of revenas, for in addition to roll only such material for and it is understood that some

been made. shipping circles in this country to natural increases, the inaugars which their mille and plant are abipments have There was more optimism at the that it will be extremely difficult tion of the war profite tax, an best adapted. It is clear to the

to arrive at a satisfatory settle increase in the price of tobacco, committee that the one ontsland-T/T Kangping sale on Monday than the previous week. Bidding men of the iron and tonnage and an incresas in the excise duty ing fasturs which has been Demand

on sake and engar are ander revealed by their work, no far as 30 d/s. proved, more spirited and the question.

Oll Trade at Swansea. consideration. It seems therefore it bas gone, has been the eliciting 60 d/s...

that there is no resson why each of the almost unanimous opinioa

The Shanghal Markets.

the market.

demand more general. Prices were up a few candareens all

the

-

Reclamations

ON PLAID DÉPOETTİ. For months; 2j per eunt. per ansamě For 6 months. Be par vest, per estam

or is months, i 'per cent, per EREWOL N. J. STARE,

Chief Hapacit

HONGKONG SAVINGS BANK

TEE Besians of the above Bank in condecent by the BONGKONG AND SHANGHAI BARKING CORPORATION. **Kales may be obtained on application,

INTEREST deposita is allowed će can man

Capital ( Paid up)...France 45,000,000mum monthly balanced as fit par cant pancam.

HEAD OFFICE:

74 Rue Saint Lazare, PARIS

BRANCHES:-- PEKING. SHANGHAL TIENTSIN · HONGKONG. and SAIGON.

BANKERS.

In FRANCE: Société Générale pour

favoriser le Développement du Com meros et de l'Industrie an France.

In NEW YORK: Redmand & Co. In ITALY: Banca Commerciale Italiana. Telegraphic Address: CHIBANKIND.

Interest allowed on Current Accounts and Fixed Deposits, Terms on application. Every description of Bänking and Exchange business transacted.

̈“H, ROUET DE JOURNEL, Manager.

HONGKONG BRANCH:" Queen's Building.

Tel No. 2352

5, Chater Road.

Hongkong, 20th August, 1917.

Depositors may transfer, at these options bažence

of Sano or more to the Hongkong and Stanghal Bank to be placed od Jum berðan pa Cent. per anBAM,

For the Hongkong and Khanghal Banking Corpara,

·N. J. STABE; -

Chief Manager.

THE CHARTERED BANK OF INDIA AUSTRALIA AND

QHINA.

·Incorporated by Royal Charter ligj

PRADNOPTICE:—LONDON,

FUDUP CAPITAL IN RESERVE · FUND

RESERVE LLABILITY OF "

PROFRIETORS,

FOREIGN EXCHANGE 2nd General Bus

budinem transected. CUBRINT ACcoterie opened and “ FIXKÍ DEPOSITS received for 1 year or soortar periods, v rates which will be quoted on applicac

- T. C. DOWNING,

Manage Bongtong, 11th April. 1913.

THE MERCANTILE BANK OF INDIA, LIMITED.

Head Office 15, Gracechurel 3treet, London.

$90

b.

$90

$90

In LONDON: London County & West-

minster Bank, Ltd.

b..

051

1.

$30

b.....

t. 70 #81

n.

$115

COTTON MILLS.

1.

170 t, 18

sa.

£ 122

11.

t. 7.90

n.

t. 14

MISCELLANEOUS.

b.

[S

b.

$7

så.

$91

Subscribed

B.

073

Paid Up..

NOTICE

b.

$48

Beserve Fund

b.

$175

3.

$292

EAK TRAMWAY CO.

'LIMITED.

$10

86.24

TIME TABLE.

Lombay

Calzata

$81

Colomb

ctá. 90

EVENT IS MOL

Dubl

Calle

19.00. 11.00

Hoogkong

How ab

812

1.1 P.X.

“Kazdy

15 J

D.

...

$6,50

*$29.

b.

CORRECTED TO ROON WEDNESDAY

JANUARY 9, 1218.

BENJAMIN & POTTS, Share and General Brokers,

Princes Building.

Tel. address: Broker.

EXCHANGE.

SELLING.

NOTICES.

NIGHT CARE Mr. and PAL 9.30 Ma ILM 7.x-sonry half hour. 11.80 1.3.11.45 M „Stasy quarter of an hout, BURDATE..

KEY 11 MS.

10 M

10 M

18. HI

30 MCX

Ti Mo

30

M

„ZIGHT GARJ'ai en Wonz Days

SATURDAY'

tes Our Midnight. PECIAL

By Arrangemens at the Company's OZIL Alexandra Bullings,

3-4 34-78

3/1

3/138

3/14

23

→

Nom

1394

14:34

Nom.

The Swanses Barbour Trastess, round. There, was buying for at their monthly meeting recently, a difficult question as the nation that, if the steel industry in the TT Shanghai.. TT Singapore T/T Japan an Waha, Ningpo and the North. Sir Griffith Thomas (chairman) slisation of the sagar industry country is going to maintain its 170 packages was the cffering, & presiding, adopted resolutions should be brought forward at this position, it must be by meT/T India

moment." With regard to the great broadening of our ex-Demand, Indis ...... Nom, little better than last week. concluding their arrangement above rumour, the Mainichi quotes cial organisations that would T/T San Francis 73 Bidding was fairly brisk at the with the Anglo-Persian Oil Co., Mr. Shods, the Finance Minister, lead to economise far and away

co & New York} Ewo Bale. Everything was ap. whereby the latter will construct from 1 to 2 mace. A little epecula- extensive works and plant at a deaying it categorically. If the outweighing any other element T/E Java 16514 tive baying was, in evidence. Swansea for dealing with im- enger industry is to be nstion in the situation, and long ag|TIT Marks Nom, Some inquiry was heard for portation and exportation of alived, the necessary fande must realised and adopted by cur T/T France**** Demand, Paris' “........ Bankov. About 120 packages petroleum. Sir Griffith Thomas be secured by loan. The capital foreign competitors,”

was the offering. More eagerness said the agreement provided for was shown at at Yuentong's letting to the company of 44,444 sale, due to a more favourable square yards of land at the King's outlook in the political tangle. Dock Extension, the construction Bidding was brisk; blacks were of the necessary wharfage, laying steady, whites and graya up a pipes, &o, "The lease WEN from Jane 99 1,075 packages: was the for mace.

years offering. Conditions appear bet last,,

the company tor for clearances in the apper guaranteed that the shipping rates and middle porta-Cotton-payable should not be less than Practically no information has £10,000 a year. When the new. been received - relative to the works were in operation they cotton market. The last quotation would not only be proffiable to From New YorkDecember 26, the harbour, bat would bring s *gave Mátölj at 29.83 This shows good many other works into the higher market. The local cotton Swansea neighbourhood. Swan- market rompină firm with the last was would by the agreement take quotations showing a rise. Quots- the leading place in importation

tione, for Chinese cotton are; and exportation of petroleum, and

Tungchow, Tia, 33; Shanghai, Tls,

You be the Judge

4.2016

BUYING.

4 m/s. LC..........

3/2

1 m/s. D/P

6 m/s. LC

30 dia. Bydney &l

Melbourne......

3/23/2 3/27/2 3,294

30 d/s. Ban Frano-27434

isco &New York NZ

4 m/s, Marka

6 this, Frances

Nom

KATH

4 m/s. France 4.35. A 440 Demand, Germany.. Demand, New York 73% TT Bombay

Demand, Bombay

T/T. Calcuttalam

Nom,

Demand, Calcutta... Nom. Demand, Manila" 146%) Demand, Singapore 1304 On Haiphong ... prom.

From any point that you wish to

Judge

On Salgon

if the company only brought in it, PETER DAWSON WHISKY is all

that

Sovereign

On Bangkok

won,

32.60 ansa, Tls. 32; -Ningpo, a few hosts a week at was likely

www.

There is a good reason for the many friends it has STOCKED BY ALL DEALERS

Tis. 30 to Tim. 30.60, and Shanet, the Trustees income would be could be asked. The 37-Théré is no advance to £40,000 year. He information as to yerns, At Bou looked forward with bay, an account of the bigh exchange, there fa little baying Thereappears to be more inquis, in the leal yaro market, and a small business is reported Japan

satio palion to vary successful business. He moved the adopti a of the agreement with the Anglo Persian Oil Company Maj Harris seconded, and the agree ment was unanimously adopted.

BLE AGENTS

RUTTONJEE & SON, WINE AND SPIRIT MERCHANTS

Gold Lost, per Ber Silver, per os.

2479% prom.

50

6.43 - Nom 41,60

SUBSIDIARY COINS:

$10015

cte, pieces, 63⁄44%- čís.

$20.conts

Dan Tanz Koad"

150 panel tickets avaliable for a saca aos already fut, renning as the dime'sisted Line Conný's time tables, but not for tackl CE, DE be btained on applestion at the Company Ofice Na Gerson, Habet WE H mmand until payment therefor ble keen zoude in Bank Notes or by Chaque or Compradors ender representing Bank Kesen -

JOHN D. HUMPBSETS & 50.

THE CHINA "PROVIDENT LOAN AND MORTGAGE

CO., LTD.

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

Moraes of House Property, de

Zamnes vende ma five, Frorident Byskom

TOPPER, DRUPTOR OF WIZA ASFORMET, du: Undertaken må

SHEWAN, TOMES & CO.,

General Managers.

ARO

Authorised Capital .............. £1,5/10),ree

BANKZRA

1,125,000

$67,50

600.00%

The Bark of England The London Jolat Stock Bank, Lucht ve BRANCHET

Port Louis (Mauritiza.)

Karachi

Loca Ebers

Kuala Lump Madr

Prcent Kangoon

Shanghai

Singapore!!

HONGKONG BRANCH. Every description of Banking and Excuong. business transACEM

Interest allowed on Current Actonais ji aper Ute par antrum on Daily Balances, and on Feed Deport at rates which may be ancneralnad om applicatioE

C. CHAMPKIN,

Acting-ManAFNT

INTERNATIONAL BANKING

CORPORATION,

HEAD OFFICE:

55. Wall St, New York

"LONDON "FFICES:

st, Bishopneat, EC...

CAPITAL & SUBPLUS US $6,500,000 UNDIVIDED PROFITS UB, 11548,000

BRAN HUS

BATAVIA FOBF. TUM HAY LONDON CALCUTTA MANILA CASTON

COLOX

HANKOW

MEDELLIN

PANAMA

PUERTO

KONGKONG „PLATA.

· 18. $7,843.009

JAN PEDRO

DE HATORIS - SANTO DOMINUS

SAN FRANCISCO SHANURAI BINGAPORE

TIES ISTN

Y JKOHAMA

Through its close affiliation NATIONAL CITY BANK OF NEW YORK the Bank is able, zajaker na Kertas de Branches of- that. Iemitation la Garz. ́ South. America, and alsowbers, namely

BAHIA, BUENOS AIRES, GENDA, HAVANA!

RIO DE- JANEIRO

PAULO, PETROGRAD VÄLFARAISO,

MONTE DE CUBA, BANTOS, Sat:

All kinds of FOREIGN & LOCAL BANKING BUSINESS redacted.

CURRENT ACCOUNTS opened, and FIXEI DEPOSITS received as rates to be ascertained application.

GEORGE HOOD. Manag

Hongkong, 26th September, 1914

*THE

YOKOHAMA SPECIE BANE,

-LIMITED:

Established 1880." Authorised Capital Yen 48,000.00 Paid-up Capital ...... 36,000,000 Reserve: Fund............

-22 100,000

Bead Office.-YOKOHAMA

•Drenches Bozabay

Dabrup

Kobe London Lyo

mostred for fsed periods at reen

Agrodies