1918-01-16 — Page 9

A

THE HONGKONG TELEGRAPH, WEDNESDAY, JANUARY 16, 1918.

COMMERCIAL

|

NEWS.

Rand Gold Output.

Over some of these materials, each sa sino spelter, Germany had ancceeded in obtaining con trolling influence. That evil grip has now been abaken off, sad we shall take good care that toonitara was 738,231 fine ounces, them to give ap some pert fature the wants of ourselves and valued at £3,135,807. our Allies are supplied befars a single ton is allowed to pass into the possession of Germany. We have no desire to belittle Ger many's powers of organisation, or the ability of her manufacturers and merebante, nor are we above taking a leaf out of her book, bat

method of dealing with them, and The output of gold at the mines that was to send their own mer. of the Rand in October una obants to Parliament, and they 751,200 fice ounces, valued at ought to try sed infidance (the business men amongat £3,191,279. In September the best

HONGKONG SHARE REPORT.

&-AKLLERS; SA-SALES; E-BUYERS; N.-NOMINAL,

OFFICIAL PRICES.

BANKS.

of their time and go for the sake of the merchants. Until H. K. & S. Banks b." #595 they carried that out they MARINE INSURANCES. British Coal for Holland.

would not get any satisfaction Cantons b. & sa. $990 A recent telegram from the

from Parliament It was perfect North Chinas Hague states: Replying to a

b.

t. 115 $740 question in the Second Chamber, 19 plain to them all that they tinions

'n. ex 73 $205 the Minister of Agriculture stated would not be listened to by suy Yangtszes

: FIRE INSURANCES. that several steamere bad already Government, unless they had left in order to fetch 100,000 tons their own members to fight their China Fires we believe that our people, given coal from England, and othera Coses and get attention paid H. K. Fires

than

similar advantages and Siste en couragement, are more capable of holding their own with Germany in the economic sphere, and that the Paris resolutions will form "a bulwark sgainat which ali the boasted organiration of Ger m'ny will beat itself in vain.

would follow. He added that it was not considered advisable to give the asmas of vessels st present,

to their claime. I was on the ability of the merchant that the British Empire bad been built Douglases

Steamboats up, it was not bailt on'ite mili

Indos (Def.) tariem. For the business of this

Indos (Pref.) osantry to be pat into the hands Shells Australia's Commerce and

of men such as doctors, rauned Ferries Oversea Trade,

goods brokare, and gentlemen Sydney, November. 8,--Mr. U. S. Lead-Output.

Hughes at a Chamber of Com from the Patente Office, who warnell excellent but merelaqking "The output of domestic de merce luncheon, outlined a com-

ia merobot training, would be silverised soft lead, in the first prehensive scheme for organising fix months of 1917 was 152,231 Australia's commerce and overses unfortunate thing for, the

Langkats sbort tona, as compared with trade. The fret anit will be trade of the country. A vote of Kallans 316.409 tons in the twelve months associations representing primary thanks to Mr. Buchanan terminat of 1916. The output of domestic and secondary industries. The ed the meeting. of lead, including that decond will be General Council alverized, we 124,299 t008, as of Commerce and Industry, com

Steel's the Thing.

Sugars Malabons

b.

H. K. Wharves b. Kowloon Docks

BANKS

BANK OF CANTON,

...LIMITED.

HEAD OFFICE, HONGKONG

FOREIGN EXCHANGE and Jeneral Banking Business Fransacted.

INTEREST ON FIXED DEPOSITS:

**Chief Manager,

BANQUE INDUSTRIELLE DE CHINE.

行銀業實法中

Capital (36 Paid up).Frades 43,000,000

(1/3 of the Capital subscribed by the

Government of the Chinese Republic)

Chairman of the

Board of Directors Andre Berthelót. General Manager 4. J. Pernotte.

HEAD OFFICE :

74 Bue Saint Lasare, PARIS BRANCHES: FEKING. SHANGHAI, TIENTSIN

HONGKONG, and BAIGON...

BÄNKERS.

b.

D.

$125 $310

SHIPPING.

$74

For 3 Months 3% per annum,

For 6 Months 4% per annukse

b.

#17

158

For 12 Months 41% per annuME

b.

$33

n.

112-

LOOK POON SHAN;

83.

$28)

REFINERIES.

.. $9)

5.

$36

MINING

b.

881-

b.

£ 14

Raubs

$2,50

Tronoha Urals

S

30/-

6.

291-

Oriental Cons IL

271-

DOCKS, WHARVES, GODOWNS, &C.

$97 $126 t. 70

phrey Stat.

LANDS, HOTELS AND BUILDINGS. Centrals H. K. Hotels Land Invest.

$90

b.

IL.

b..

$5,75

EX

$30

b.

$.70

n.

#81

D.

$115

COTTON MILLS.

A.

E

t. 170 t, 16

8. & sa. t. 1221 E

MISCELLANEOUS.

C. T 1.44

b.

#71

$3.50

b.

€7,50

1.

#31

8,

$72

b.

$ 48-

1.

182)

8.

$294

$10

$61 $81

In a communication to the 88 Egainst 235,759 tone in the posed of representatives from preceding twelve months. From various associations. The third National Geographic Society, foreign orea and ballion there will be a Department of Com Mr. William Joseph Showalter was produced 29,539 tons of remerce and Industry with a special tells the graphic stary of steel,

Bepresentatives will industry's grestest Breet and Shai Docks b. fired lead, as against 18.906 tone Minister.

A part of the communication is issued by in the whole of 1917. The be appointed at the principal war's chief weapon. total production of refined lead overesa markets.

the society as the following war bulletin :-"Would geography was 306,062 tona, or at the

you know the siz's of the Ameri· rate of 612,124, tope annually, as compared to a total 571,134, tons in 1916 and 550,055 tons in 1915. Philippine Islands for the first can steel industry? Then reflect "The production of primary anti-six months of 1917 was nearly that even before the great world K'ioon Lands monisl lead by regular smelters $8,500,000 in excess of that for war broke out, even in the slack S'hai Lands

Philippine Trade."

The total foreign trade of the

for the first half of 1917 was 7,822 the corresponding months of the sad uncertain days of 1914, it West Paints preceding year. Of this increase employed more people than live Reclamations pearly $7,000,000 in credited to in Nevada, Arizona, New Mexico, Wyoming togstber-four imports. It is stated that the and

Ewos total quantity of imports for the states whose segregate area is Kung Yiks

of S'hai Cottons The ospital Yangtszepoos 1917 period was less then in 1916, more than twice that of antimonial lead was undoubted- and that the excess in values is sll Germany.

than Orientals greater

tour, 28 against 24,038 tone in all of 1918, and there 881 959 ions of secondary antimonisl lead recovered, as compared with 4,130 tons in 1816 The ontpas

Is Romewhat larger than the

made up entirely by the increas employed

ja

063

$90

Germany's Trade Prospects. Is would be foolish either to undervalue or to overestimate Germany's recuperative powere as an industris! and commercial nation after the war. There can be no doubt that she will make

endeavour to very attenuous regain her old ascendancy in the "markets of the world. On the other hand, it is for the Allies, who have been her best custom are, to say whether and on what terms her goods can be admitted into their makete, and to what extent, if at all, they will supply her with the raw materials for her industries. The tramp carde, it seems to us, are in the hands of the Allies. We cannot, there- fore, agree with Mr. W. H. Dawson 2 wil er, in the current issue of the Quarterly Becket, who believes that Germany "will surprise the world by the rapidity Bach su of her recapory," Toonomio recovery presupposes the existence of friendly markets waiting to be supplied with Germany's merchandise from factories and workshops, but we look round the world in vain for any nation at all inclined to welcome German goods if similar goods can be obtained from any other source. Mr. Dawson does not minimiee the industrial and economic difficulties which con- front Germany. Before the war that country was largely depend

uppa Russian, Polisb, Galician, Bohemian, and other sources of cheap labour which can no longer be relied upon. In addition to thie, the scarcity of raw materials and the greatly increased cost of living most add to the cost of production, and render it much more difcale than before for Germany to compete in foreign markets. Most important of all, there is the agreement arrived at by the Allies as set forth in the Paris revola- tions. Mr. Dawson does not believe that these resolutions will gares indicate, because reporta ed prices of imports. In the the national wealth of Switzer

were not obtained from savers! case of exports, data are available land. The repablic of Portagal Borneos be carried out in their entirety mall smelters, which usually to show that the quantity of land, improvemente, indua China Light & P.b. He says:-"It useda's good deal of faith to believe that the British produce small quantities of both goods exported during the first trials, everything is not worth Providents tradeze who in 1913 sold to Ger- primary and secondary antimonial eix months of 1917 was some. "Be much by a billion dollare as Dairy Farms

lead.

what less than during the same America's steel products were in Green Islands many nearly £44,000,000 worth

period of the preceding year, and the single year of 1914, a year in H. K. Electrics of goods and bought back goods

that the increase of $1,778,000 which a ton of pig iron sold for H. K. Ice Co., to the value of "£72,000,000-

in value was due to the higher less than one-third present quots Ropes

tions, and a ton of steel likewise. Trams, Low Level s.

Steel Foundries n. large part of the latter being raw

prices.

Think of an ore train to long Trams, Peak, old s. material and arfinished goods

Government Control of Trade. that it would take a fortnight to Trams, Peak, new acts. 90 beaded by our own industries

Mr. J. Gray Buchanan, of the pass a given point, running at full | Laundries will be willing to forego this trade without some reasonable America to drop in the last two London Chamber of Commerce, freight train speed and never stop U. Waterboats.

urance that it will be made years from about 80 to less than addressed tue members of the ping! Think of ore ships mor- Watsons

We 10 per cent of the total used. iron and general metal trade ing in colamo formation and Wm. Powells b. good-to them elsewhere." have more faith in the patriotism These esme intereals recently section of the Liverpool Chamber, stretching from Detroit, Mich., to Morning Posts . of British traders than Mr. Daw- tried to increase their profits by of Commerce recently in the Erie, Pa. Think of a row of eon has, but, apart from that, the cornering the market and forcing board room, B Exchange build blast furnaces reaching from New whcle parpose of the Paris resolu- prices up. Powerfal sadicates, inge, Liverpool, on the subject of York City to Chester Pe..of a tions is to develop and encourage apparently considering the the Government control of trade, column of rolling mille end trade in and between the Entente success of their vertare assured Hr A. B. Robinson presided over padding furnaces reaching from to com- by existing world conditions, a good attendence. "Mr. Bachanan New York to Indianapolis! countries, and thos pensate them for the loss of Ger- started baying yarn of all grader, said that British merchants did Think of a stream of 10 tons of man trade. It is well to recall erpecially the finer counts. Japan-act take a pleasure in cornering liquid iron flowing out as molten the words of one or two of these ese newspapers report, accord-tin plates, copper, or iron, but pig metal every second of the resolutione The object aimed ing to Consul-General Gorge they took the greatest pleasure in year! Then you will begin to get a at by the Allies is to incresse E Anderson, who is at Hongkong pushing a new commodity and in picture of the vastness of the steel production within their territories that prices were forced up to being their brains to find bayers industry. It is steel, steel, every-T/T se a whole to a enfficient extent 520, of G320 per bale of 400 for that commodity. He elsim where and always steel for Demand to enable them to maintain and pounds on the Osaks Cotton Exed that an upright British gone, steel for shells, steel for 30 d/s.................... develop their economic position change, reaching that figure by merchant who valued the good ships. Without American steel 60 din....... and independence in relation to advances of G.$15 to $25 a day. same he had bailt up wee not a the German submarine would enemy countries." Farther, in a The situation became such that parasite or profiteer, and he conquer the oceane, the German T/T Shanghai.... resolation agreeing to witbold" Gually the exchange had so close claimed a higher recognition war machine would starve our TT Singapore

treat its doors for several days pending from the British Government of allise, overran France and work / Japan most favoured-nation ment from enemy countries for a readjustment. Following this, a very honourable class of tex-its own good plesegre upon all / India

But with American Demand, India...... Nom. period of yeare, it goes on to say: prices began to alamp, until at payers. It was the Government's the earth.

During this number of years the time the report of Mr. Ander- determination that the middle steel that can never be done. The T/T San Francis-

co & New York} the Allies agree to assure to each son was made they had faller to man should be eliminated as far road to victory for stocracy bat T/T Jays....... 16334 other so far as possible compen. Y 250 or $125, a bale. With these possible. He would appeal to been olored by the unyielding T/T Marke. Nom entory ontleté for trade, in care drop the specalators, including them that there was only one way gate which American industry T/T Francs...

remedy that Government has put serves its path.” consequences detrimental to their some Chinese, lost consider to commerce result from the appli- sble amounts of money. The cation of the undertaking re-exaet reason of the collapse of the ferred to." Mr. Daweon's own movement, according to Mr. figures show that can Anderson, is not wholly clear, much better afford to do without but one factor in it was the courae taken by the small knitting Germany'e trade than she asa afford to do without ours. If we factories in South China which, loss a market of £14,000,000 she when prices went to unheard of loses one of £72,000,000 It is levele, simply shut down and gaite certain that with reciprocal bought no more yard. The trade within the Empire and Hongkong factories on the whole between the Empire and her were able to keep going without. Allies, we shall be much more much trouble, for nearly alf of them were well stocked. As the low than compepeated for the loss of the Germen market, bat where is prices reaobed efter the decline, Germany to find new markets to there factories bought up all the compeneste her for the loss of the available stocks they could get British one? The experience of hold of. The result is that the the last three years hen taught as smaller factories sie unable that there are praptically no goods to obtain supplies at current we have hitherto imported from

.3]

We

A Corner That Falled.

By underselling American manufacturers of knitting yarns in the South China market large cotton speculating interests in Japan caused

importa from

You be the Judge

From any point that you wish to Judge

There is a good reason for the many friends it has won

STOCKED BY ALL DEALERS.

SOLE AGENTS

prices, and since they cannot or It, PETER DAWSON WHISKY Is all that Ge many, which we cannot pro will not go much higher they are. docs so well or better in our own obliged to remain closed. About Could be asked. epaalry,” We are therefore inde-220 small koitting mills in South pendent of Germany, and mean China bave been hurt in this to remai 6.Bat with Germany way. Incidentally, the attempt miver to corner-the-market .... asziated Allies hold the greater materially in keeping the con

forld's

sumption of knitting yarns in that part of the world from showing & big increase this year/

H. RUTTONJEE & SON,

NE AND SPIRIT MERCHAN

Is FRANCE: Société Générale pour

favoriser la 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 Italiana. Telegraphic Address: CHIBANKIND,

Interest allowed on Current Accounts and Fixed Deposits, Terme on application. Every description of Banking and Exchange bäsiness transacted.

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

Tel. No. 2332

5. Chater Boad.

Hongkong, 20th August, 1917.

*

NOTICES:

BANKS

HONGKONG SANGHAI

BANKING CORPORA

TION

Paid-up Capital .::.:...$35.00 €,DOI RESERVE FUNDS?

Sterling

£1,500,000 at 27-

-$15,000,000 Surer...$18,500,000

Reserve Liability of

Proprietors

$39.500,00

.................$15,000,00 COURT OF DIRECTORS

Hos. Hr. S. H. Dodwail. --Chalmer, Hoe. Kr. F. Botyour-Depets Skin In Hon. Xir. Anton, 7. C. Bricks, Nag-

Par, E. 1. Parsondza

A. 8 Compton, 544.

CHYE MAKADEM Hong. J. Stabi, Nəq

MARIJA

Shanghai, G. Stephan, Exq Leades Bankers-London County se Westminster Bank, Limited

།

Hongkong Interest &flowed a

4-

Ou Current Accounts at the rate of Focus, par

Lizz be the daily balance,

J

ON FIXED DEPORITI,

For 3 months, 14 per cent, per innan,

Formats par suas per MARSIN tur is month, per cui pet zzzem,

N. J. STABB,

Chief Menagir

HONGKONG SAVINGS BANK

THE Badass of the above Banè is conduce, very the BONGKONG AND SEANGHAI BANKING CORPORATION. Rules may be obtained is application! INTEREST on deposits is allowed on the "MUN team monthly buissona si bi per cast pantus. Depositors may transfer, si beir option, danc of $100 or more to the Hongkong and Shanghai Bank to be placed as FIXED DEPORT? at a cent, per annum.

For the Hongkong and Ekanghal Banking Carporis-

N.J. STABE,

Chief Manager.

dos.

THE CHARTERED BANK OJ INDIA, AUSTRALIA ANT CHINA

Incorporated, by Boys Churzer Das

HEAD OFFICE-LONDON. PAID-UP CAPITAL, $2,105, 200 RESERVE FUND

RESERVE LUBILITY OF

FROPRIETORS

FOREIGN CHAMOI and Georral Banki baslarme tresaCIMA. CURRENT ACCOURTS opened sad F1XX) DEPOSITS received for 1 year de saarter periods. enter which will be quotat'on application.

T. C. DOWNING,

Mana Hongkong, 11th April. 1912

THE MERCANTILE BANK OF 'INDIA, LIMITED.

Head Office 15, Gracechurc Street, London.

Authorised Capitaì..........£1,300,neg

Subscribed

Paid Up

1,125,00

562,300 600,004

NOTICE.

DEAK TRAMWAY Co.

LIMITED.

Reserve Fund

BANKERE

The Bank of England. The London Talat Stock Bank, kim

BRANCHES *

Combay

Karachi

Kota Bhar

BOTAS Penang

Rangoon

TIME TABLE.

Calevita Celoth...

b.

$4

$12

1.

$8 €29

18.08.3. 10 12.30 4.36.15 11.46236. 10

168 PAC 10 116 NO

$1.00LX. TYRAY I MIN. 19.00 X 11,00 42

2.36 P.M 2.17 2.3 1367.x.

Delbi

10 2013

Gale

25

Hongkong

How

10 MLN.

Kandy

15 MIN

5.00 9.3

10 MEN

CORRECTED TO NGON WEDNESDAY

JANUARY 18, 1918,

BENJAMIN & POTTS, Share and General Brokers.

Princes Building.

LTE

NIGHT CABS.

Ad ↑ 7.3 9.0 10

1580 Pat every hälf hour.

13.00 pm to 1,46 1.30- Every quarter of an hour, BUSDAY:

10 to -10.00 4.3%

11.00 MAX.

9AM to 12.00 NoOD 2000, Kec. 13 1.0.

ETECT

10 MIN

16 M

5.00 13. LEGGING, KEUPA

EST CAKEẨz ou Wish Dark

SATURDAYS:

Bars Cars Midnigħa

armotaL, CARS

Tel. address: Broker.

EXCHANGE.

SELLING.

on 3-24

31-34

31-56

By AZTLAgroans as the Company's Titioë, Abinadın Babidings.

31-7

Nom

129 -13944 Nom

4 GB...........

72

4 m/s. LG....

4 m/s. D/P............ 3/196

6 m/s. LJC..

4.13

Demand, Paris ****** 4.194

BUYING.

3/11/6

*****

(30 d/s. Bydney &}

Melbourne...

3/17/ 3/17%

30 dis. Ban Franc-1

isco &NewYork

7334

4 m/s, Marks

Nom

4 m/s. Francs

4.28

6 m/s. France

4.33

Demand, Germany. -

Demand, New York. 7214 TIT Bombay

Demand, Bombay... Nom. TIT Calcutta imma Demand, Calcutta... Nom. Demand, Manila 144 Demand, Singapore, 129.

*4% preme, On Haiphong

0.55 Hom

On Baigon".

On Bangkok 51

Bovereign Gold Leaf, per oz... 41.80 Bar Bilver, per cz... 4475.

SUBSIDIARY COINS,

DISCOUNT FER $100-

iepas 7% Chinese... 20 Chinere 10 Hongkong 20 cent

Des Vorz Köna,

BEBOL LOS punch ticker Benuata-Torist common rubky Zah, rovente, ni tha “dites vintaŬ in the Company's time table bas: BeforŞ-BOLNÍ

og poliraded S Compass 0 karwadi tan peyicant therfor kan duen zwie in Bank Sales or by Chazon or CongraÁCTU "wellde rogevonning Bank Notes

JOHN D. KUMFEKETE & Co Ki

· DOES, GRE⋅ BA CURANCE FOOD ucket will L

THE CHINA PROVIDENT LOAN AND MORTGAGE CO. LTD. (Capital Paid up..$1,250,000.).

Lasca in Morgagy of Boxes Prapatery, bu code received on Hicrana,

KÁRASON TIRÉs on Mursignālos, Leted trade on von Exovičans BYARNAL

ATTORNEYĮ Min. Undermann, at Summit.

Cloud Parkları

the Office of SHEWAN, TOMES & CO.,

General Managers.

MARTIN'S

APOLESTE

TART

Port Loth (Mauritiux }

„Kaala Lampt!

Singapor

HONGKONG BRANCH

Every descriptics of Banking 'and Žuzanne business transacted.

Interest allowed on Current AcCONNUS AI ROMESA per annum pa Daily Balances, and os Fixed' Depor at rates which may be ascertained.en applicaties. ?

C. CHAMPEIN.

Acting Managa)

INTERNATIONAL BANKING

CORPORATION.

HEAD OFFICE:

15. Wall St, New York

LONDON OFFICE:

15 Bishopsgate. EC. CAPITAL & SURPLUS US $$,500,DOV UNDIVIDED PROFITS US$1,348PO

US. $7,848,00E

BRAN HEE:~-~-

LONDON

BATAVIA

BANTO DOMING BUMHAY • MANILA FAN FRANCISI CALCUTTA MEDELLIN SANTIAGO

PANAMA

DE PPZING, CABALLEROS. PUERTO ЗНАМОВА

CAKTON

KOEL

CEBU. COLOS HANKOW PLATA

SINGAPORE HONGKONGAN PEDRO TIENTSIN,

DE MACORI YJKOHAMA Throath in class aliationwith NATIONAL CITY EANK OF NEW YORI the Bank shie to offer us to of Branches of but fantitation

America; and clownbore, saniya

Cas

CAR

FAHIA, BUENOS AIRES GENOA HAYANS MONTEVIDEO. R10 DE JANEIK SANTIAGO CUBA, ..KANTOS,

PETEOGRAD VALPARAISO,

All kinds of FOREIGN & LOCAL HANKIN;" BUSINESS Dansacted.

CURRENT ACCOUNTS opened and FIXEI DEPOSITS reared af rules to be ascuratoed s application.

GEORGE HOGG,

Hongkong, 26th September, 191

THE

YOKOHAMA SPECIE BANI

LIMITED,

Established 1880.

Authorised Capital Yez 48,000.00+

Paid-up Capital... **36,000,00

警察

Reserve Fund...are" 22.100,00+

Fead Office-YOKOHAMA

Pranchas Bombay

Kai Yasa

Lou Angalos A Interest Biosted on Current

SARISHT ONO

Denis

Peking