1918-01-22 — Page 9

COMMERCIAL NEWS.

U.S. Trade Situation.

That United States foreign trade haa: successfully withstood

incresee

The

GERMAN AIMS.

III.

THE HONGKONG TELEGRAPH, TUESDAY, JANUARY 22, 1918.

the closing down of all "un 2,700,000 putter, 3,600,000 HONGKONG SHARE

merchants

REPORT.

"&—SELLERS; BA-BALES; R-BUYERS; N-NOMINAL.

OFFICIAL PRICES. BANKS.

Hajons Yangiszes

BANKS.

BANK OF CANTON,"

LIMITED.

HEAD OFFICE, - HONGKONG

TOREIGN EXCHANGE and Feneral Banking Business Fransacted.

INTEREST ON FIXED DEPOSITS:

For 3 Months 3% per annum.

#60%

$295 t. 115

b. & sa. $750

n. ex 73 $205

FIRE INSURANCES.

b

63

$195 $910

་

SHIPPING:

$76

For 6 Months 4% per annum.

b.

Indos (Del.) Indos (Pref.)

b,

$171 1157

For 12 Months 41% per annum

b.

$331

112/

LOOK POON SHAN;

Ferries

b.

REFINERIES.

1.

1.

$54

MINING

Malabons

b.

***.

-185

nosessary" dancerna not yet plowed shirts, 85000 caps, 1,800,000 To cardigan jackets, 18,000,000 by force of circumstance. show how compulsory syndication socks, 2,700,000 pairs of drawers, The New Industrial Oligarchy: works, we may give details of the 6,000,000 other articles. This recent sosp monopoly, sown in part-worn alothing comes to hardly entirely new." The Dewsbury in bage, and is run plans were drawn up by officials in trooks straight into the big It in the dasy of a Government and by certain manufacturers sheds at the three rail. ite entranos into war is shown by to hold the balance even between chosen by the officials and not way stations. Hars the bagt are the statement of exports and in all classes of the community, any by the industry. The order for ripped open and the contents!

M. K. & S. Banks b.. parts for the six months, April to to protect those who cannot syndicstion was placed before spread out amongst the "pickers,

MARINE INSURANCES. September, inclusive. Exporta

b. for six months of $2,972 418, protect themselves: Corequently the manufacturers sa a whole whore nimble fingers and trained

prožminary notice, jeyes quickly dissovar which Cantons we are accustomed, in democratic without 398. exceed April to September, countrice, to see the Government The Supervisory Committee is garments should be set aside for North Chinas 1916, by $164,554,737. A diminution of exports began in retraining the trusts, Germany appointed by the Minister of the renovation and which are only Jaly, however, when the differ one took the same view; as late Interior not by the members, and fit for disposal to rag

as 1904 there was a struggle has wide powers. It administers and othere, who put them through ence reached $71,711,077 The between Prussia and the 0081 all raw materiale and finished their special machinery pre China Fires d-oline was reduced to $20,158,- 267 in Anguet, but rare ingnatee. Bat the Government products, fixes prices, arranges paratory to their being made up H.K. Fires

soon found it, we profitable to for a uniform trademark (thus again into army clothing in the September to $58,722,567, treat the big syndicates as allies, destroying the goodwill of par- local factories. Between ninety Douglases combined reduction for the final and secure participation; even ticular-makes), and arranges for and a hundred track 'loade have Steamboats three months

Gearly TOLY

in 1904 the Prussian State distribution after the supplies to baen received in a day. for the ices ip soconated

There are olore on 400 women ocal owner. the army and the big industries WLA a great balance of trade for the Professor Schmoller in 1903, have been provided. It can order sorters employed, who do their Shells six months' period. Importa for

after enquiring whether the any factory to cease production; work so thoroughly that nothing the 1917 period were $1571 Bute or the syndicates were to can requisition plant and more is wasted. Garments which are 264,086, or an increase of $331, rale in Germany, answered this it from one factory to another; and beyond repair are carefully looked Sugars 965,262 over the similar period question by proposing to class can dismantle any factory for good. over and ported into woollene, in 1916. Imports from Osneds the syndicster under Stale-That is to say, the trade is worsteda, linseye, and angol:s, and South Americs showed large control, on a basis of division of absolutely in the hsode of the and other articles capable, of Kallars iogresses. However, the rise of $101,830,000 in Canadien im profits. The State was to be a Government and criain man being restored are sent to local Langkate

partner. More and more this has facturers chosen by the Govern firm of dyers and cleaners, by Raubs ports wae effet by an increase of been carried out. Bat obviously, ment; we do not think that the whom they are cleaned. Then Tronohs $131,404,000 in the exports if the State goes into partnership phrase we bare used, an indus they are repaired and reisened Urais In South America" export in with some particular interest, it trial oligarchy', goes beyond the to the troops or for the use Oriental Coos.

DOCKS, WHARVES, creases amount to $39,068,000, will not care much to protect mark. Blow it will squeeze out of German prisoners of war.

GODOWNS, &C. and imports resobed

anothera against that interest, to its the smaller businesses in obvious. In ten months the value of pro- of $146,969,000.

own loaa. The steady refusal of We have not yet heard to what duce received and disposed of at H. K. Wharves n Restrictions gradually imposed the Government to tax large extent the Government pertici Dewsbury has reached the sum of Kowloon Docks b during the war period en sentral fortunes has been notorions." pates in the profite, the point of $858,650, while the two-thirds S'hai Docks countries adjoining Germany,

The syndicates in Germany the whole matter; in the abortive value of garments recovered for exoceeded by virtual embargo have been the principal agents oil combine of 1912 the Govern reissue at all deputs has been

£340,502, making the handsome Centrals on many commodities to their in the forced export system which ment was to take 80 per cent.. ports, greatly seted trade for all bat corquered Europe; as a This is how the big industrial-total of £999,152. Against this, H. K. Hotels -the six months with the Nether-

consequence, they have raised iste, in combination with the expenditure, including enlisted Land Invest lands, Danmark and Sweden, prices to the German consumer, Government, hope to save their men'a pay, civilian wages, clean- H'phreys Est, ea exports to Sweden having been and bave, of course, as they slown skins at the expense of the ing, and repairing and so on, has Kioon Lands reduced by half. Norway, how

ways do, damaged the non syn-German people, whom that Gov-amounted to £87,308, showing Sbai Lands ever, received decidedly more dicated buidesses. We cannot ernment ought to protect; a net credit balance of £931,844. shap in the similar period in 1916. trace here at length the interest through monopolies combined Articles which are marked for Trade with Russis showed a ring story of the growth of with cheap labour. No wonder

raga are reconverted into their

Ewas duction of about 25 per cent. Blate participation before the that there is considerable unreat original raw state by special

Kung Yiks It has often been said in Germany, and that protests machinery peculiar to the heavy S'hai Cottons exports. With France the arparis | WAL. incressed about $23,000,000 and that it must end in monopolis-against compulsory syndication woollen district and used again Yangtszepoos

tion: sud even Herr Delbruck, are becoming more and more in the manufacture

cf bow Orientals when Minister of the Interior, in frequent; hence Michaelis's dia clothing for the army. Up

MISCELLANEOUS. the United Kingdom was $56, a speech. of 6th March, 1912, ingenuous statement

about

to the present sales of rage to Borneos 000,000. These figures answer in defending the syndicates, limited entirely new" industries. The merchants and mandfacturers in China Light & P.b. a messure the charge of neglect at the eventuality of public Frankfurter Zeitung is leading a Dewsbury and neighbourhood Providents b. of Italian interests by the United monopolies. It is worth however crusade against the whole bave amounted to over £1,000: Dairy Farms.s States since the latter entered the giving one instance of Govern- scheme; and it is noteworthy 000. As showing the

As to actual exports for the ment action, the potash syndicate, that at the Bada-Fest conference pleteness of the arrangements H. K. Electrica period, those to Italy were nearly Several potash concerns owned last June every reference to the to save, it may be explained that H.K. Ice Co., #2, ball those to France, or in round by the State were members; superiority of private enterprise cotton rage are sent to Woolwich Ropes numbers, $198,000,000 compar- the syndicate maintained high and individual initiative to State Arsenal to be used sa wipera and Steel Foundries n. ed with $470,000,000.

prices in the home market by control was heartily cheered. The cleaning rage. Cardigan jokets Trams, Low Level sa admitting every competitor scheme is a delightful comment are repaired with tape taken from Trams, Peak, old 8. the German paid much more on the "democratisation" of Gar-old pattees and darned with wool Trams, Peak, news.

*Laundries" for the potash which Germany many; anything lees demceratio found in diecarded housewives," U. Waterboats n

than the cannot produced

well be imegined. which also provide the needles Watsons Anxiety is felt in Spain as to elone securing sufficient paper palp foreigner did. In 1909, some The Government, under pressure and thread used by the repairers. Wat. Powells from abroad because the domestic members seceded, the syndicate of financial distress, abdicates ita

Amongst the many valuable Morning Posts paper industries are largely de- broke up, and there seemed a proper fuzoticne, allies itself things recovered may be mention- pendent apon foreign countries prospect of lower prices in Ger-with a small but powerful clique ed leather patchee from riding for this raw material. Imports of many. Thereon the Reichstag of large capitaliste, and joins in bree chee, £500 worth of gold lace, BENJAMIN & POTTS, paper pulp, most of which is of intervened, and secured the re- a plan to close small businesses and thousands of shirts for use Scandinavian origin, daring the establishment of the syndicate on and to raise the price of many by German prisoners of war, past 4 yesre have been sa fol- terms that all undertakings were articles of universal necessity while soldiere equipment, belts, lows, in meteric tons of 2,204,6 to form part, but that now private against the German consumer, pouches, and so on, is sent back pounds: 1913, 60,942 tone; 1914, companies were not to produce thus levying a tax indiscriminate- to ordinance depots for use, and 39,588; 1915, 50,488; and 1916, the fall amount of thei participa-ly on rich and poor alike without thousands of towels are washed 68,234 tone. Toe average sanasi tion for & years, while the under- the least regard to the capacity and issued again. Blas trousers import of 54,007 metric tons is takings of the Sate end of of the victim to pay. augmented by a local production the companies in which the

with Italy more than $49,600

000, while the gain in exports to

War.

Paper Pulp.

The anexpected 563 an extraordinary companies,

ber

of some 15,000 tons, so that the State was interested could do consumption of paper pulp in 60 at once. Spain each year many be roughly realt estimated at about 69,000 tone, growth of which would be increased by entailing vast over-production nearly 10 per cent. annually if and lore of effective capital activity estimated at 1,200 million more pulp could be secured.

marke for the years 1911-1914; bat the old prices were restored in the home market; and the point is to observe how the fact Mr. Paik Yuogea and some other business men bave a plan that the Government was a mem.

Korean Paper Trade.

Tientsin Americans.

man

"Chief Manager.

BANQUE INDUSTRIELLE DE CHINE.

行銀業實法中

Capital (14 Paid up). Frazer 45,000,000 (1/3 of the Capital abscribed by the Government of the Chinese Republic.).

Chairman of the

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

HEAD OFFICE:

74 Rue Saint Lazare, PARIS BRANCHES PEKKING. SHANGHAI, TIENTSIN HONGKONG, and SAIGON.

BANKERS.

In FRANCE: Société Générale' pour favoriser le Développement du Cam- merge at de industrie en France. In LONDON: London County & Wast

minster Bank, Ltd.

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

Interest allowed on Current Accounts and Fixed Deposits. Terms on application. Every description of Banking and Exchange boxinesa transacted.

M. BOUT DE JOURNEL, Manager. HONG KONG BRANCH: Queen's Building.

Tel No. 2952

BANKS

HONGKONG & SHANGEST

BANKING CORPOFA-

TION Paid-up CapataIGU........SH,07,000 RESERVE FUNDS: Steringste

£1,500,000 as 2)-

$1,000,000

...Silver $18:500,000.

Reserve Liability of

$33,500,000

Proprietars ***.................$15,000,00#

COURT OF DIRECTORS.

Hon Mn 5. H. Dodwell—Cadrmar, Fos. Mr. F.K. Halyos-Deputy Chakrenn. HA Mr.C., ANION, F. C. Butchment.

0.1 GRAM EY. D. Part, Esq. W. La Paizaodas, augu 4. E Compton, K.

GIZKP KAZANM

Shanghalik, G. Beenben, Esq. London Baker-London Consty the Watizwer Bank, Llalted

Kongkong-Interest Allowed

On Current Accounts at the rub of S'per cust."pre

| sazna da thu dally balanca,

ON FIXED DEPOR::I.

For 3 months. 17 per cent, per Estém, For i mastha, I per cunt.

per bunt, par AABBAS,

ora,

N. J. STABE.

Chief Manage 7.

HONGKONG SAVINGS BANK

THE Busini, of the shove Bank la conénetur? the HONGKONG AND SHANGHAI BANKING

FORPORATION,E Kules may be obtained on application INTEREST on deposite is allowed on the M

imam monthly balancat Ful per coat, por sugar. Depositors may transfer, at their options ts/snow of $100 OF LOre to The Hongkong and Sangbl Back to be placed on X3D DEFORIS.

CEO. per annum.

Hon

For the Hongtong and Shanghal Banking Corpora

N.J. STABE,

Chief Manager-

THE CHARTERED HANK 0). INDIA, AUSTRALIA ANT CHINA.

Escorporated by Royal Charter Tigg

FELD OTTICE-LONDON. LESERTE FUND ·

RESERVE MARLUK OPI,900.car

·FROPRIETORS

OF

FOREIGN FICHANGE and Guzaral Bankin

· budover transacted. CURRENT ACCOUNTY, opened, and FIXEI DEPOSITS received for 1 year in shorter periods. e races which will be quoted on application.

T. C. DOWNING,

Manss Hongkong, 11th April. 1913.

$2,40

80/

23/m

271-

$,971

b. LANDS, HOTELS AND BUILDINGS.

$128 t. 70

b.

I.

$95 $30 :£90

EL

b.

$5.90 $50 t. 70

West Points Reclamations

1.

3.

81 $115

COTTON MILLS.

$5,

t. 170

b. x. d., 14.10

I.

119

b.

t..8

1.44

b.

$8.

$8,50.

$7,50

$30

b.

87,60

b.

$48

#189

PEAK

$10

86.40

Combly

Calentia

Colamb

11.

cts. 90 $4

10 AM to

Delhi

10.00

10 MIL

10.00 A.X. I

11.0

Galle

15 03

LESS FAC

F.

138 236 16 LAX 10

18 M

LIST.

1

b.

86

9.35.10

5.00 7.3.

iMix.

ས

TO MIR.

com Green Islands

*

83.

1868

CORRECTED TO NOON TUESDAY JANUARY 22, 1018,

Share and General Brokers,

Princes Building.

Tel, address: Broker.

are reserved for the use of Ger- prisonere, and woollen

T/T soirves and belte are cleaned and

Domand prepared for sending out to the 30 d/s. .............. ARMY'S OLD CLOTHES." troops. There is plenty of 60 dis.........

EXCHANGE. SELLING.

2/1116

evidence that, whatever ite sine of 4 m/s extravagance in past days, the T/T Shanghai......... "Nom. War. Office has at last mended T/T Singapore

2/117% 3/

12614

What Becomes of Discarded Uniforms.

ita ways, launched

and is now fally T/T Japan 00 8 campaign of T/T India.... economy and good management, Demand, India ...... at least as far as the soldier's old T/T San Francis-1

7014- co & New York TT Java.............. 16094 T/T Marks. Nom. T/T Francs.......4.03 Demand, Paris ...........

BUYING.

13632

Nom

Nom.

Boonomy

and

The Shanghai Libel Case.

شور

Suicide on the Eve of Trial.

4.0314

4 m/s. L/C........... 3/034 3/07% 4 D/G D/PERS AND

6 m/s. L/C... 3/12/

30 dis. Sydney & Melbourne... 30 da. Ban Franc- jaco & New York

3/136

2134

Nom

4.18

4 m/s. Marks ....

4 m/s. Franci ...........

6 m/s. France...... 4.23. Demand, Germany.. Demand, New York. 70%

The Manchester Guardian giv-clothing is concerned. on foot to reorganise the Secaler of the original syndicate led ing some particulars of the steps guild of paper dealere consisting to Government action against the taken by the army aathorities to of 344 members, into a limited intereste of the German dosumer. utilise the waste material in all company with a capital of 7300,- Speaking broadly, the German departmenta under their control, be says:"In the clothing depart. 000, says the Seoul Press. With Government has come to this and in view a meeting was regarded se the protector of the ment in particular the War Office

The came, in which Mr. H. D. held at Sical on the 18th inst., syndicates and not as the pro- is practising a praiseworthy

teotor of the people.

saving money Rodger in eaing T. L Woog in when Viscount Cho Changeung

The war has seen a great ex-bandeomaly into the bargain, the Mixed Court, to recover and seven other business men

tension of the principle of The main recaiving depots are $25,000 for libel will be con- were entrusted with the carrying

Herr at Aldershot, Cheater, Beading, tinued this afternoon, says the compulsory syndication. cut of the plan.

Michaelis stated in an interview Huntingdon, Leeds, Dublin, and N. C. Daily News of January 15. in the Neue Bedische Landesmei Larbert, where the clothing "is tung in August;. "The monopoly sent from the battlefield and question is not yet ripe for home camp. Large quantities decision, bat it is clear that the are also sent by the Overseas At Liverpool Aziz it was TIT Bombay.......... Officera for 1918 were elected enormous increase in the Expeditionary Forces in France, mentioned that Benry Virtue Demand, Bombay... Nom and action on several matters of requiremente of the Imperial Egypt, Belonika, Malta, and Gib- Siddons, against whom there were T/T Calcutta interest to Americans was taken Barget make the fiscal exploita raltar. A huge basiness eater-pine charges of forging medical Demand, Calcutta... Nom.

Demand, Manila... 141 materials prise has been built up at Dars certificates and obtaining money Demand, Singapore, 12612 at the first annual meeting of the tion of our raw American Chamber of Commerce supply indispensable." He cary, in the heavy woollen dis by false pretencer, had commited On Haiphong...... 1⁄4 prem.

they must begin trict of Yorkshire, by which die suicide. Siddons bad been re- On Baigon The officers elected were: Mesere, with cases entirely new, like carded anforms and other articles lessed on bail, and it was stated On Bangkok....

O. McGowan, Presiden nitrogen. We fear he was not of clothing are dealt with in such that he had turned his wife out Sovereign Charles J. Fox, lat Vice Pragaite frank Coal bad already a way to save the nation his bedroom, locked the door, Gold Leaf, per os 49.30 dents. H. Brett, 2nd Vice been compulsorily syndicated by hundreds of thousands of pounds. took poison, and cat his thecat, Bar Silver, per ok... 4474 President; E. Eddy Mathews, decree of the Banderat of 12th Since the work has been in It was alleged by the prosecution SUBSIDIARY COINS.

Jaly, 1916; and aniline dyes the progress Treasurer and Richard T. Evans,

65,000,000 that Siddons had no medical Secretary. The members of the same year; all producers had to separate articles have been desit qualification, but that for a year Fasonsire Committee are Hear become members of an organies with, and these include 4,100 000 he had been on the Birkenhead Chinese...20 ots. pieces714% dis Tron Simon, F. Lloyd Spielman, tion to be determined by official jackets, 4,500,000 pair of Army Medical Board, and for Chinese 10: Booba Hamlet, Paul E. regulations, Textiles are to be trousers, 620,000 greatcoate, time had noted as president of the Hongkong 20 cents, c, Bordasil and Dr. Denial B. Nye, handled next, acompanied by 9-3,000 pairs of riding breeches, Oldham Medical Board

of Tiantain, held on January 10, added

..L

about:

52:

6.65 Nom

DISCOUNT PER $100

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

NOTICES.

NOTICE.

EAK TRAMWAY CO

LIMITED.

TIME TABLE

1.807300

NIGHT CARA

100 P3: Ad 8 PM. 9.23 10 11.00 2.3. Kry half bour, »

11.00 2.M. VO 34,40 7.3. STRY CULICor et an homL BUNDATE:

12.30 13.

1480 Koon

22868 LE K

Mocube – 100 23

MIN

I MIN.

10 Mr.

EXO PAL 6.30 2.1.

•

10 MI

14 M

LIBRAC 1, *: 8.00 PM:

RIGHT CAZS sa on Wook Days

KATE XDAYS:

Kema Car at Milalgia

SPHOTAL

CARB

BY AFTRORUDSMst as the Outspacy's Office.

-Alexandra Badag

* Des Foenix, ~Boad, -,

"Bess, and paneb teksta avaliable for si

22h the Chimpany's tiano sabilde, but povfog spezial raes, can be obtained on spposto at the |panoplay't Otto-Nor Fasson ticket w

THE MERCANTILE BANT (7 INDIA. LIMITED.

Head Office 15, Gracechures Street, London,

Authorised Capita)..............£1,500,00 Subscribed

Paid Up" Reserve Fund

H

1

*****

BANKERS:

1,125,00

362RL 600.00

The Bank of England, The London Jolat Stack Bank, bost sti

BRANCHE

Hongkong

Kourab

Kdy

Port Louis (Mauritian)

Karachi

Ides Ehere

Kana Lamar

Madras Pesent

Ration

"Eingsport

FONGKONG BRANCH.

Every description of Banking and Extanng. "Dusiness transacted.

Lotersst allowed on Currar &ccounts at some per sanam on Daily Ralences, and on Find Deben. at rata which may be secertsised on application

C. CHAMPNIN...

Acting ManagM

INTERNATIONAL

BANKING

CORPORATION:

BEAD OFFICE

15. Wall St., New Yor

ཐཱ་

LONDON OFFICE??

36. Bľabopierté, EC

CAPITAL & SURPLUS US $5,500,60r UNDIVIDED PROFITE" US$7,312,000

13,8, $2,848.00%

BRAE HRS-

BATAVIA ВОМ КАТ

LONDON BANTO DO THEE MANILA SAN FRANCISED CALCUTTA MEDELLIN, SANTIAGO

} mewn that payment therefos bee boy made in Bank Notes -or_try Chaque or Cozogradars culatz zuperolciting Bank Notes LI

COLON JOHN D. HUMPHREYS & 00 %:

THE CHINA PROVIDENT. LOAN AND MORTGAGE CO., LTD.

(Capital "Paid up......$1.250,009.)

Los on Mortgags of Boone Property, Ma

morrostred on Storage.

· Advenom Made on Marchandise, Toume'zonde on the Previčara System.

TEUSTEK, EXECUTOR OF WHŻLA, ATEORNEY,ău. Dndertaken and Moonset. (Bases sal Parksxları on application)

the Office of SHEWAN, TOMES & CO.,

General Managers

MARTIN'S

sei den routines. Then,hetes thategori SUVOS MIG All Claonista naić stores geű Ézegg

PANAMA PEKING.

PUERTO

DE LOS

CABALLEROS,

CASTON CEBC. HANKOW HONGKONG AN PEDRO TILFIN KOEL

DE HACORI YOKOHAMA

PLATA.

SHANGHAI SINGAPOST

Throget its close affliation with NATIONAL CITY BANK OF NEW YORK, the Bank is able to offer a Services of the Branches of that Institution in Cass Boss: America, and alsowhere, pl...

BAHIA, BUENOS AIRES. CABACAS- GENOA, HAFANS MONTEVIDEO, MOSCOW RIO DE JANEIRA SANTIAGO DE CUBA. CANTOR PETROGRAD VALPARAISO,

PAULO,

All kinds of FOREIGN &. LOCAL BANKIS: BUSINERS transacted.

CURRENT ACCOUNTS opened and TIXEL DEPOSITS received at rates to be ascertain application.

GEORGE HOGG, ...

Мазвена 40

Hongkong, 26th, September, 1910

THE

YOKOHAMA SPECIE BANI.

LIMITED,

Established 1880. Authorised Capital Yen 48,000,000 Paid-up Capital ... 36,000,00 22:100,00

Reserve Fund*****

Bead

Office YOKOHAMA

Bricher

Bombay

Calmette

Daires Fonction Harbin

Hankow

Ronals:

Kai Yong

Kobe

for fzal painde

Decks

„Bhanghali