September 13, 1902.] ·
Closing quotations are as follows:-
COMPANY.
QUOTATIONS.
buyers $595, sales & (L'don, £62.
PAID UP.
Banks
J
Hongkong & S'hai...
$125
£8 $27, sellers
28 $27, sellers
Natl. Bank of China! A. Shares
B. Shares
Foun. Shares... Bell's Asbestos E. A.... Campbell, Moore & Co.. China-Borneo Co., Ld. China Light & Power
Co., Ld.
China Prov. L. & M.. China Sugar Cigar Companies--
Alhambra Limited.. Philippine Tobacco | Invest. Co., Ld.)
£1 $10, sellers £1 $1, buyers $10 835, ex div.,sellers $15 $20, sellers
$20 815, sellers
$10 $9.80, sellers $100 $95, buyers
$500 $500, nominal.
$50 $45, sellers
Cotton Mills-
Ewo
International
Tis. 100 Tls. 100
Lagu Kung Mow
Tls. 100
Soychee
Tla. 500
Hongkong
Dairy Farm
Fenwick & Co., Geo.... Green Island Cement.. H. & C. Bakery Hongkong & C. Gas Hongkong Electric
H. H. L. Tramways Hk. Steam Water
boat Co., Ld. Hongkong Hotel Hongkong Ice......
H. & K. Wharf & G...
Hongkong Rope.. H. & W. Dock Insurance-
Canton China Fire China Traders'
Hongkong Fire
North China Straits Laion Yangtsze.... Land and Building-
Hongkong Land Inv. Humphreys Estate.... Kowloon Land & B. West Point Building Luzon Sugar Manila Invest. Co., Ld. Mining-
Charbonnages
Tls. 40, sellers Tls. 35, sellers Tls. 45, sellers Tls. 150. $100 $171, sales & buys.
$6 $12, buyers 825 $47, sales & buys. 810 819, sellers $50 1840.
£10 $140, buyers $10 $13, sellers
$5 $64, sellers $100 $345, buyers
159, sellers
$50 $131. $25 $240, buyers $50 $84, buyers $50 $135, sellers $50 $210, buyers
$50 8175, buyers $20 8844, buyers $25 $58, sales $50 $335, buyers £25 Tls. 187), sellers $20 nominal.
850 8400,sales&buyers $60 $127, sellers
$100 $172, sellers $10 $111, buyers $30 830, sellers $50 8474, sellers $100 $10.
$50 $20, sellers
Fes. 250 8550.
Jelebu
Punjom
Do. Preference... Raubs
New Amoy Dock
Oriente Hotel, Manila Powell, Ld...
Robinson Piano Co., Ld., Steamship Coys.—
Ghina
and Manila
Douglas Steamship H., Canton and M.. Indo-China S, N.
Sheli Transport and Į Trading Co...... Star Ferry
Tebrau Planting Co... United Abestos...
Do...
Universal Trading
Co., Ltd...
Watkins Ld.
Watson & Co., A. S....
$5 $13, Inyers 810 844, huyers $1 $1, sellers 18 $5. $6337, buyers $50 $45, sellers $10 $9, salus $50 $55.
$50 $221, buyers
$5 nominal
$50 $42, buyers $15 $36), sales £10 $80, sellers
£1 £1. 17s. 6d., sellers
$20, sellers
$10
$5
i $i}, sales
85 nominal.
$4 $81, sellers $10 $155, buyers $5 $101, sellers
$10 $7, buyers $10 $141, sellers
CHINA OVERLAND TRADE REPORT.
value of leaf tobacco. Most of the cigar factories | have suffered somewhat severely from various causes-labour, insurrection, etc, but we are in- clined to the belief that the worst is over and that, the extensive inter-island business done formerly in cigarettes (a profitable source of revenue to cigar factories) will be resumed in the near future; we trust so. We regret to find this company had to withdraw $11,000 from Reservo Fund; latter account now stands at $81,0 0. Oriente Hotel Company have held their fourth half- #9 will be seen from yearly meeting, and, figures given below, result was most disastrous; notwithstanding, shareholders present at the meeting raised few pertinent questions, and the closure was promptly applied when there appeared anxiety on the part of one person present to quote figures which could be proved, for the accounts were passed with little or no discussion of impor- tance. On December 31st. 1901, 817,985.39 was carried forward to P. and L. account, yet loss on half-year under review was $11,473.25. It should be mentioned that the 0. H. Co, Ltd., only ran the business four months out of the six, and that in two weeks of these four months a profit was made. A question raised as to why wages and salaries had increased from $21,636.9; the first year, to $56,787.10 on the second year, was an- swered that it was due to different systems of book-keeping; that may be so, but $35,153.20 seems a huge increase, more especially so when the fallowing figures are considered, from which it will be seen that while expenses were 47 and 52 per cent. for half years ended 31st December, 1900, and 30th June, 1901, respectively; when the Company was under the old management, present managing directors ran them up to 90 and 103 per cent. during corresponding periods in 1901 and 1902, so that ex: enses of old management for one year totalled 99 per cent. of gross earnings, against 193 per cent. (an increase of 94 per cent.) of present management.
Gross earnings... Expenses
Net earnings......
Gross earnings... Expenses
Net earnings...
1st half year. $60,297,92 28,612 22
31,685.70
3rd half year. $65,243.97 58,936.92
2nd half year. $66.935.87 34,708.27
32,227.60
4th
half year. $59,645.50 61,403.71
6,907.05
* none
* Deficit $1,758.21.
During first year a dividend of 8 per cent. on 1st six months' working was paid. General managers have to face the following:-
One year's not
earnings
Do.
:
old management
new
11
.$63,913.30
4,548.84
$59,364.46
211
TONNAGE. HONGKONG, 12th September.-Since last report freights have declined. From Saigon to Hong- kong, I cents last and more tonnage is wanted at 12 cents per picul; to Philippines, 25 cents per picul; to one port north coast Java, 25 cents offering for September/October loading. noilo to Hong ong. 15 cents last; to one port Japan, 28 cents per picul. Java to Hongkong, 20 cents for dry and 25 cents for wet sugar. Coal freights are firm.
From Moji to Hongkong, $1.80; to Singapore. $1.00; to Manila, 33 per ton. Sailing vessels. The American ship, Manuel Llaguno, has been chartered to load here for New York, terms private. The following are the settle- Dients:-
Manuel Llaguno-American ship, 1,649 tons, Hongkong to New York, private terms.
Hanyang--British steamer, 1,207 tons, New- chwang to Canton, 22 cents per picul.
Benvenue-British steamer, 1,468 tons, Kuchi- notzu or Moji to Hongkong, $1.80 per ton.
Karin-Swedish steamer, 698 tons, Moji to Hongkong. $1 80 per ton.
Haldis-Norwegian steamer, 1,065 tons, Moji to Hongkong, $1.80 per ton.
Kaias Gortschakow-Russian steamer, Mororan to Hongkong, $2.60 per ton.
Skarpsno-Norwegian steamer, 1,130 tons, two ports north coast Java to Hongkong, 25 cents per picul.
Shantung-German steamer, 1,000 tons, Saigon to Manila, 26 cents per picul.
Esmeralda-British. steamer, 966 tons, Saigon to quo port Philippines, 26 cents per picul.
Petrarch-German steamer, 1,252 tons, Saigon to one port Philippines, 25 cents per picul.
Sleipner-Norwegian steamer, 860 tons, Saigon to one port Philippines, 25 cents per picul.
Proteus-Norwegian ste imer, Saigon to one port Philippines, 25 cents per picul.
Brunhilde-German steamer, 872 tons, Saigon to une port Philippines, 25 cents per picul.
Nanyang-German steamer, 1,060 tons, Saigon to one port Philippines, 25 cents per picul.
Lena-Norwegian steamer, 1,060 tons, Saigon to one port north coast Java, 25 cents per picul.
Tebartos-German steamer, 1,578 tons, Saigon to Hongkong (4,000 piculs), 14 cents per picul.
Pionier-German steamer, 975 tons, Saigon to Hongkong, $3,000 in full
Amoy-German steamer, 732 tons, Пoile to Ningpo, 35 cents per picul.
Else German steamer, X03 tons, Iloilo to Yokohama, 29 cents, Kobe 28 cents and 30 cents two ports.
Amigo-German steamer, 822 tons, Iloilo to Hongkong, 15 cents per picul.
Quangnam-French steamer, Iloilo to Hong- kong, 15 cents per picul.
Pronto-German steamer, 719 tons, Iloilo to Hongkong, 15 cents per picul (12,000 piculs).
Amay German steamer, 732 tons, Newchwang to Amoy, 22 cents per picul.
Amigo-German steamer, 822 tons, Saigon to Cebu, 25 cents per picul.
Babelsberg-German steamer, 1,379 tons, monthly, 63 months, at $6,400 per month.
Tetartos-German steamer, 1,578 tons, monthly, 12 months, at $6,500 per month.
VESSELS ON THE BERTH. FOR ANTWERP.-Benalder (str.), Hakata Maru (str.).
FOR LONDON.-Parramatta (str.), Benalder (str.), Ceylon (str.), Dardanus (str.), Diomed (str.), Hakala Maru (str.), Nestor (str.), Achilles (str.). Menelaus (str.), Agamemnon (str.).
Say a difference of
Correct figures are hard to combat. This enor- uous difference in net earnings of $59,364.46 in favour of the first year's management, was made when rates, etc., were lower. In our circular No. 28 we ventured to predict that owing to an arrangement made by our principal, share- holders could look forward with some confidence to a profit on past half-year! We regret that the four months' running by the Company should have It is now up to the proved so very disastrous. Stockholders, but as present lease may (may not, we may mention) continue, they will probably keep quiet. Compania Maritima. Given the atagnation of business generally, we consider showing for half-year ended 30th June last em- inently satisfactory. Net profits were $341,384,33, which, with the $55,904.39 brought forward from 31-12-'01, makes a total of | (str.). $397,288.72, of which $168,000 was absorbed in a 10 per cent. dividend (say 20 per cent, per annum, $80,257.21 carried to Insurance Reserve Fund
$4.470.17 (making this $157,299.78), and
Reserve Fund, which now stands at $267,770.10. General. We are compelled to continue to hold our pessimistic views about the condition of affairs (stocks, sharos, business and agriculture generally), but Governor Taft is back, and as he
to
VERNON & SMYTU, Brokers. Manila, 1st September (From Messrs W. A. Fitton & Co.'s monthly Manila Market Report). Since issue of our circular No. 33 on the 4th ult, our share market has continued in the same un- satisfactory condition. Transactions.-Business | enjoys the entire confidence of Washington and done during the month under review, insignificant. the inhabitants of the Philippines, we hope soon We have not heard of any sales of importance to see something done to tempt capital here, | Demand. All kinds of stocks have been neglected, which is what the cuntry is very short of. Some and even such good-paying concerns as Banco much-needed attention is being given to the Espanol-Filipino, Varadero, and Ice Company are
Chinese Exclusion Act, and we trust sincerely that neglected. Meetings. The following were held
the agitation will meet with the success it deserves. The fact that these I-lands are purely agricultural. during the past month: Alhambra Cigar Factory - On year's working ended 3th June last loss was and that their future prosperity dependsentir ely, $11,279.53, which is attributable to (a) diminution on same, we feel sure has not been overlooked by in output, (b) increased expenses, and (c) enhanced } the authorities.
V
FOR LIVERPOOL.-Pyrrhus (str.).
FOR MARSEILLES.— Laos (str.), Hakata Maru
FOR GENOA.-Benalder (str.).
FOR BREMEN-Prinzess Irene (str.), Freiburg (str.).
FOR HAVRE AND HAMBURG-Bamberg (str.), Sarania (str.), Freibury (str.), Konigsberg (str.), Silvia (str.), Serbia (str.), Marburg (str.).
FOR TRIESTE.-Nippon (str.), Tirol (str.). FOR VICTORIA, B.C.— Kinshiu Maru (str.), Hyson (str.).
FOR VANCOUVER.-Empress of Japan (str.), Athenian (str.).
FOR NEW YORK.-Glenroy (str.), Afton (str.), Indrani (str.), Heathburn (str.), Hudson (str.). FOR PORTLAND (Ox.),— Indrasamha (str.). FOR AUSTRALIAN PORTS. - Eastern (str.), Changsha (str.), Kumano Maru (str.).
FOR SINGAPORE, PENANG AND BOMBAY.---. Nankin (str.).
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