2
HONG KONG AND SHANGHAI
BANKING CORPORATION.
Buthorised Capital
Card-and Pully Paid-uo
Rare Fund ---
Atarling ...... $.000,00
14,000,000
$50,000,000
€20,000,900
Huskram Sinbility of Iroprietors... $23,093,000
HEAD OFFICE - HONG KONG.'
HOARD OF DIRECTORS :--
N. A. Brown. Eau.'
Chalice,
W. . Belt, Bag!
Deputy Chairman.
Man. t. 1. D. F. Neith.
A. H. Compton, Esq.
M. T. Jalaton, Eq.
B. Lander Lawin, Feq.
AMOY
BANGKOK
BATAVIA
HOMBAY
CALOUTTA
CANTOS
CHEFOO
COLOMBO
DAIDEN
POOCHOW
HAIP1lNG
HANDURO
HANROW
HARBIN BONOKEW
ILOILO
EPOIL
JOHORE
KOBE
KOWLOON
W, L. Pattender, Lag.
T. X. Pearco, leq.
J. A, Plummur, Pag.
J. P. Warren, Esq.
Chief Maungor.
ton, Mr. A. C. In.
KUALA LUMPUR
BRANCHES.
LONDON
LYONE
SEAT-ACCA
MANILA
MOUKDEN NAGASAKY NEW YORK
PEKING
PIGNANO
KANGOON
SAIGON
SAN FRANCISCO
SHANGHAI SINGAPORE
NOURABAYA SUNGDI PATANI
TIENTSIN TOKYO
TSINGTAO
YOKOHAMA
In Local Cirvanay
Currast decounts ofered for out your
io Les Cartency and itering
and Fixed Deposits
aborter prior will by quoted on application.
cu ferm
flong Kong, 24th May, 1999.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,
Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON, Paid-up Capital
Reserve Fund
Reserve Liability of Proprie
tors
.£3,000,000
.,£4,000,000
....£3,000,000
XUALA LUMPU
KUCHENG
MADRAR
Agencies and Branches?
ALOR STAR
(Malag Sintea)
AMRITSAR
BANGXOX BATAVIA ПРИВАТ
CALCUTTA
CANTON CAWNFORE
CEBU
COLOMBO
BAIDEN (Dalay
Houth Mancherle MELHI
HAIPHONG
HAMBUR HANKOW
HARDIN
(N. Mantris)
HỒNG KONG
ILOILO
IPOTI
KALACHI
KEANU
ROBE
KUALA KANGSAR
MANILA
MEDAY
NEW YORG
PEKINO
PENANG PESHAWAR RANODOK SAIGON
SEMARANG SEREN BAN SHASO LEAT SINGAPORE SOURAMAYA ΤΑΙΓΙΣΟ
(P.M.S.) TAVOY
TIENTRIN
TOKYO
TONGKAH (buket;
TRINOTÃO
YOKOHAM
ZAMBOANGA
THE CHINA MAIL,
COMMERCE
AND
FINANCE.
COTTON GROWING THE METAL MARKET
INTERNATIONAL CONGRESS
OPENS IN SPAIN
COLONIES' OUTPUT
Baréelona, Yesterday.
PRODUCTION
THURSDAY, SEPTEMBER 19, 1929.
HONG KONG MARKET PRODUCE.
·
APPROXIMATE RETAIL PRICES:
Butcher Meat,
Beef Sirloin
CONSUMPTION OVERTAKING
+
Prime Cut
Corned
*
TIN QUIET
Roast
T
Breast
+5
Soup
Steak
71
2
Steak Sidon Sausages
In their weekly review of the metal markets for August 16, Mesurs. The fourteenth International Cot-Rudolf Wolf & Co., London, state;
Markets have been quiet but steady, prices on the whole showing very little variation
19
compared Bullock's BrainS
tom Congress opened at the Town Hall to-day 300 delegates, including repre- sentatives of Great Britain, Egypt, with last Friday's close
Tin has been quiet and prices, mov-
within
narrow ing
comparatively in limits, show little change as compar
ed with our last report. Sales in the East during the week have amounted to 1,750 tens; shipments thence up to the 12th inst
| India and Japan. being present.
Mr. Howarth (Great Britain)
(Philippine Islands)
General his speech and
Pork (F.M.S.) Foreign Exchange Banking business transacted
Current Accounts opened and Fix- ed. Deposits received for 1 year or shorter periods at rates which will be quoted on application.
A. H, FERGUSON.
Manager. Hong Kong, 8th January, 1929.
THE HO HONG BANK, LTD, (Established 1917)
Authorised
Paid-up
Issued
CAPITAL.
Reserve Liabilition
Shareholders
HONG KONG SAVINGS BANK. Surplus
Tier of the store Bank conduel. by the HONG KONG AND SHANGHAI SANKESO CORPORATION. Rain 200 obtained on 3.
FOR THE
& BEANGHAI BANKING CORPORATION,
KONO
A. C. HYSES
Chiut g Hong Kong, blå Septerabor, 1927.
NEDERLANDSCHE HANDEL - MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING
DANKERS
SOCIETY)
Established the. Hung Kous fire: Quen's Road t Authored Capital .........Guilderu 160,000,000-
[L2,600,000. Paid Up Capital ...... Gun,000- {00,090,007.) ............... Guilds 100,000 Key Fuld
(3)
Haud
AMSTERDAM"), Ester Head Ufice:-BATAVIA,
BRASCHES - Bandjarmaio Bandoeng) Bowbay,
لانا رقية
Calcutie, Cheribos, Do
jakarta) The Bigne").
Kote-Radia, Makassar, Medan, Pedang Palprokary 'kalongan, Benauy Portia Hangon, Rollerdem'), กับเรม regi Stanghal Sibel
(Suiza). Blogapuro Sversbasis, Soorakar (a) Tegal, Tilap and Weltevreden."
Those offices have sala deposit bocor to lat London Bankor:National Provincial Suk Ltd.
Correspondents all over shu word
Banking business of every description transacted.
F... ELDERO
tating Konx. 29th May: 1929.
Manger
BANQUE DE L'INDO - CHINE.
BEAD OFFICE:
96, Boulevard Haussman, Paris.
Subscribed Capital
Frs. 72,000,000.00
Paid-Up Capital...Frs. 68,400,000.00 Reserve Funds Frs.102,000,000.00
BRANCHES:
Hong Kong Quinhon
Battambang Hue
Bangkok
Caatho
Canton
Djibouti
Mengtze
Nam-Dinh
Saigon Shanghai Singapore
Neumea Thanbea
Fort-Bayard Papeate Haiphong Peking Hankow
Напој
Tientala
Tourtie
Paon-Fenh Vinh Pondicherry Yunnanfa BANKERS:
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Credit Industriel at Commercial: So ciete Generale.
IN LONDON: The National Pro- vincial & Union Bank of England,
Every description of Barking and Exchange business transacted.
TAN ENG HOOL,
Manager, Hong Kong. 15th May, 1929.
THE BANK OF TAIWAN, LTD. (TAIVAN GINKO)
HEAD OFFICE:-Taipsh, Formusa. Incorporated by Special Imperial
Charter, 1899.
of detailed the growth
cotton growing in the British Colonies, and said that during the last 25 years 3,000,000 bales had been produced countries where cotton growing was formerly unknown.-Reuter,
DOUBLE DUTCH
CREDIT HOLLANDAIS, OF AMSTERDAM
AN INNOVATION.
of
a
were 3,780 tons,
Straits and Banka are quoted at
Tongue, fresh ..
+1
11
Tongue, corned
>
Head
21
Heart
Hump, Salt
J
Feet
25
Kidneys
..
Tail
1
Liver
11
Tripe
and for the month are still estimat ed at 8,000 tons. Premiums on
$3.10.0 and
De- £10 respectively. mand on the part of consumers in this country and on the Continent Calves' Head & Feat has been moderately good, whilst in Matton Chop the U.S.A. rather more activity has
les effected been reposed, sales
tiat
having at times been on a subatin-
there
14
Leg
"
Shoulder
Saddle
scale. No fresh feature of im¬
The turnover 2,725 tons.
54
4 RE
ZREZ+BAAZITAMINYLJE+CURE÷FORCEE#ROBEK8172
*
排後頭
Sept. 12, June, Jure,
$%
1929. 1918, 1914.
Ch. Cte Cts.
Poultry.
lb.
24 12
30
28 11
L
12
"
Chicken Capons, Small Capona, Large
E #8
Fr
"
28 24.
23
23
24
20
20
24
Er $8
30
82
12
26
per set 15
10
each 65 50
-
60
"
» $1.20
$1.20
ib.
24
18
84 20
each 10 10
16
10
P
35
20
#1
16.
24 18
17
6 &
set $1.20 $1.00 $1.00
* 8 2 2 8 8 8 2 8 1 §======|=A58 | 8 | 8^ARNA&¦ ¦
Duck
Doves
Exgs, Hen (cooking)... Eggs, Hen (fresh) Fowls, Canton Fowls, Hainan Geese
鐵
Sept. 12, June, June,
1920. 1918. 1914.
Cia. Cta. Cis.
30
28
28
22
each - 22
per doz, 28 18
FAR8268* | *8*8.78
នំ គឺ៩៩៩៩ | ៩៩៩៩ ! ! ! } {
ལྟ ན ནི མཙྩེ ཚོ བརྒྱབ བརྩི་མཐ མདསྐྱེལ་ ༢
46
新鮮雞蛋 本地鹆 海南鎮
25
36
35
24
白裝
80 each. 36
Hoihow
Pigeons, Canton
Turkeys, Cock Turkeya, Hen
Suipe Pheasant
Quail.. Partridges
Almends
Apples (California)
Bananas (bride's)
pair
cach
28
10
25 30
each
8
8
26
Orarges (Canton)
Orangea
Beach 12
** # lb. 金山棒
##+ lb.
Fruits.
45 24
46 26
11
2
b. 40 35
>
44
45
24
金山洋菜
18 24
H
30
"
Brains
Fer set &
Carambola
蔡山香蘊 醬
6
31
4
Ek
14
12
Fect
lb.
15
*)
Coconuta
10 10
Fry
15
$
33
Head
20
Lemons, China .....
1
17
Heart
each 15
10
Leman (American)
*+
19
10
8.
Kidneys
"
Licheas, Dried
Liver
lb.
80
JJ.
Pork Chop
25
#
Leg
-60
it
Loin
"
Fat or Lard
21
H
£210.10.0 £209
£2132.6
宜脚 per get 98 Closing Sheep's Head & Feet.
61
Heart
ench 11
8
Kidneys
12
Liver
26
26
20
26
20
£13.10.0; Single
Opening
Copper Firmer
כו
"7
鮮牛海
#
Mutton
鲜
T+
牛仔
31
Sausager
1+
No. 1.
15
Fish.
蛟
騎
portance has manifested itself; the Pig's Chitiinge undertone remains Arm and the ,$20,000,000
future can be
be regarded with moder- 8,000,000
on the grounds that ate optimism 4,000,000
The "snowasil" and "chain
the growing improvement in the sta prayer nuisane we all know, says tistical position may be taken to in- 4,000,000
dicate that consumption has been 2,219,000 the Einancial News," but the Credit
Hollandais, of Amsterdam, springs an overtaking production and, with a HEAD OFFICES: SINGAPORE.
shape of a innovation on us in the
reasonable prospect that general in- Branches, Agencies and Corresponnowball which is to make your. for- dustrial activity will develop favour- dents in the principal cities of the o
tune for nothing and without risk. ably as the Autumn approaches, and world.
the Credit further expansion ini
demand At least, that is what
as might be reasonably expected. Hollandais says, and it is to be
Options.-Double sumed that in particular instance
is the father knows his child, The un-0.10.0. dertaking describes itself
as resen "Mutual Institute of Capitalisation Cash and Savings
£214.10.0 Bank," whatever that Three months
for the week was may be, and promises to pay its clients, "in a thort time," the sum of 2,000 guilders
or eight hundred
Sucking Pigs, to order Copper has been Irregular but fin- Suet, Beef dollars (U.S.), according to their taste and fancy to paraphrase Mr. er, the price closing 7/6d. higher as Weller.
but compared with our last report. Dur- This is good enough, there is
the ing the first part of the week the Yeal still better to rome; of the largesse
Credit Hollandais market was distinctly firmer, the for- will be distributed without your ward price advancing to £75.2.6, in- fluenced by the continuance of good spending a cent."
The modus operandi, so far as we reports from America and to more can interpret e peculiar brand of reassuring indications regarding the country. English affects by the Credit Hol- financial outlook in this landais, is that "claimholders" must The higher prices, however, in turn sell four "claims." to be paid for in induced fair
amount of selling and a Boorabaya, advance, "to
in face of which buyers Canton Fresh Water ZARA four serious friends" liquidation, Calcutta,
(humorists
more cautious attitude, barred observed apparently are from enriching themselves) and the and in consequence of which prices This Loudon Counts Vousminator and Farr's Bask. serinas friends must then return the gave way, a good deal of the ad- Carr
laims with three (Dutch) florins vance being lost, the market wearing Catfak
fresh batch of a rather unsettled appearance. apiece, and repe in serious friends. And so on, not ex- The publication of the
statistics of which we append some parti- actly ad infinitum, but until 1.364
(of "claims" in all have been sent in culars) were regarded as rather in- Cuttle Fish Then the original adventarer receives definite in character, and had no Dab
on effect his bonus, a month later the first marked
the course of Dace qualify prices. quartette of serious friends
Dog Fish Options.Double £4; Single £2, THE BANK OF CANTON, LTD, to benefit, and then "one after the
Opening other." all the other "claimholders."
Closing Eels, Conger £73.12.6 £73.15.0
Fresh Water It is
really not quite so simple, sinon
£74.12.G ... £74.12.6 the game is complicated by a pleas. Three months
The turnover for the ing colour scheme; the first "claims" are white, which give place to red, 3,500, tons.
June. then to yellow, thence to blue, from
toms blue to green, from green to brown,
tana Gudgeon and then back to white again. We American statistics:-
Refined production 156,000 154000 profess to understand these not chromatic variations very clearly, but
Exports
18,000 40,000 Halibut it is clear enough that each claim" Domestic deliveries 5,000 39,000 Labrus easts five shillings,
one and
Refined stocks
$3,000 98,000 Louch quarter dollars; that "everyone may
.261,000 239,000
Lobsters take part in the system as often as
Mackerel he likes," and that "the ale of the claims
may
Fortn Central Bank Baak-Noter insted Average ourt en 45,000,000 BRANCHES AND AGENCIZE: JAPAN:--Tokyo, Yokohama, Kobe, Benke,
Kapeaks, FORMUSA :-Diran, Kagi,
Healuag, Makong, Nanto, Shinchiku, Tehu, Taina, Tako, Tatuoi, Toeo, Heito, to. CLEXA-Shanghai. Hankow, A HOT, Toochew,
Ewatow, Canton, OTUZES:-Jong long,
Semarang. Unavia, Bemb London, New York, Dairan.
LONDON BANKERS:
Slugspora.
The Bank has Correspondente in all tău prís-
Commercial Centres througisnt the world.
K. NAQULA.
Munage
HONG KONG BRANCHE
Be You Road Cental, Hong Kong, 19th January, 1929.
Established 1912.
Head Office-Hong Kong.
Authorized Capital II.R. Currency) ...$11,000,000 8,804, 200 Paid Up Capil Beserve Food
for
850,000
БЛАНОНКЕ:-
STALOW Cautor Bhanghai, Bankow, Bangkok, New York and San Francisco.
do
LONDON BANEELS :-
The Lloyd' Bank Hanite. Correspondenta in all principal citier of the
World.
J'areign exchange and banking bunk every description transacted.
19 of frea $3 to $40.
of
al
or
Cash
а
Barbel and Bream
Codfeb Crabs
week was Frogs
Yellow
July, Garoupa
has been quiet following
Herrings
а
Blister stocks
Lend Quiet
Lead
tries." So kind
vailed and the
price
Chief Manager.
shows a decline Mallet
compared Oystera The hesitant
Safe Deposit Bon (various siano) si a yamly
LOOK POONG SHAN,
Hong Kong, 9th February, 1927.
THE BANK OF CHINA.
行
take place in all coun-aarlier firmness, an easier tone pre- Monk Fish
а
is invited in of 3/9d. for August as Correspondence variety of languages, including Chin- with our last report.
dog
Perch
ese and Malay, and the Credit Hol- and rather reactionary tendency of Parrot Fish landais specifically warns "claimhold the market has caused buyers to
and con- Pike ers" not to bother their heads about adopt a cautious attitude, "enursing rumeurs (which suggests sumers demand has been on a reduc- Plaice
racing).
ed scale. Quiet conditions have also Pomfret, White pretended prohibition prevailed on the Continent, where and newspaper articles, who only want to create sensation hot buyers also would seem to be await-
without thinking of the consequences and the ing a more definite outlook. wrong they are doing to their own Options-Double £1,15.0; compatriotsa juicy mouthful this. 17/6d. Evidently, in this instance, the fault $60,000,000.00 of the Dutch is that of asking too August
18,278,600.00 little and giving too much.
9,629,423.24
(Specially Authorised by Presidential
Mandate of the Republic of China on the 22nd of November, 1917.)
Authorised Capital
Ltd; Comptoir National d'Escompte Paid-up Capital de Paris; Credit Lyonnais.
IN NEW YORK: J. P. Morgan & Reserve Fund Co; French American Banking Cor- poration; Guaranty Trust Co. of Now
York.
Interest allowed on Current Ac- counts and Fixed Deposits according to arrangements.
Every description of Banking and Exchange Business transacted.
Safe Deposit Boxes to let.
A. LECOT,
Manager,
Hong Kong, 1st May, 1929,
ПEAD OFFICE: PEKING.
HONG KONG BRANCH:
4, Queen's Road Central. Branches and Sub-branches all over China and Correspondents in Europe, America and other parts of the world.
News
THE YOKOHAMA SPECIE BANK,The Equitable Trust
LIMITED.
Established 1880.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund .......Yen 108,600,000
Head Office:-YOKOHAMA,
Branches and Agencies at: Alexandria
Batavia
Bumbay Buenos Ayres
Calcutta
Canton Changchun
Dairen (Dalny)
Newchwang New York
Osaka
Feking
Rangoon Rio de Janeiro Saigon
San Franciero
Fengtien (Mukden) Seattle 08
Hamburg Hankow Harbin
Honolulu
Hong Kong
Karachi
Kat Yuen
Kobe
London
Shanghai
Shlapnoseki Singapore Sosrabaya Sydney Tiantain
Toinenfu
Every description of Banking Busi- Dess transacted
Loans granted on approved secur ities.
Special facilities for Home change
SHOU J. CHEN,
Manager.
Ex-
SECRET AGREEMENT
HUGE PROFITS MADE BY THE JAPANESE
* IRON AND STEEL
Salmon
Pomfret, Black
Prawns Single Ray
Rock Fish
Opening Closing Roach
£23.3.6
$22.18.9
September
$20.3.9
$23. 1,3
October
£23.3.0
402. 1.3 Shark
November
£22.1.3
The turnover for the
week was Shrimps
Snapper
Spelter Irregular
Soles
Spelter has
3,850 tons.
$23. 2.6 Skate
been quiet and irre- Teach gulur, but on the whole firmer, the Turbot
Fish 碧魚
elosing prices showing an advance of Turtles, small, fr. water
3/9d. to 5/- as compared with last
the
A
尾肚 水
## 魚魚——魚魚魚 魚 癜谮舆班魚白甲花魚魚魚魚燈魚芒魚蝦豬公魚 蚊膈ㄘ塮娓綳寳熤 黃海淡黃田石白醋將黃烏龍芒濟鮮鄉鎮花班自無明形石崇起沙希蝦立锋尤左 * #
魚魚魚魚脚
Π
WORLD'S WEALTH
REPORTED
SA
༤ རྨ བྷཱུ སྡ ཎྷཱ གྷ བྷ ནྟཾ རྗ
****BAA = × 8 ¤ 6 8 2 *******
新會理機
P
#
BAN
#
28 18 19 1
ཁྐྲམ ་ ཡཋ་ླ ⌘ | |
|རྫམཆམ།|
15
12
M
Pears (Canton)
12
#7
Peanuts
拒 #
18
1
Persimmons, Large
*I 柿
IN
12
12
Plantain
5
A
Pamelo, Stam
12
# lb.
18
16
普栀子
"
45
**
* each 14
Walnuts
Grapes
Vegetables, &c.
Artichokes
Ginger, Young
Old
each
Beans, Sprout
lb. 6
tb.
48 16
24
Long
8
20 憾
14
Beer Foot
10
24
Bitter Squash
6
5
Brinjals, Green
10
6
6
Red
*
27
Cabbage, Chinese
10
(Shanghai)
95
12
27
Cane Shoots, bunch
20
"
84
26
Cauliflower (Large)
大椰榮花 each
27
16
· 15
(Medium) ***
"
(Small) 細節榮花
"
20
Carroti
lb.
B
飛
Celery, Chinese
塘奥漿
10
35
Chillies, Dried
辣椒置
12 25
Red
26
30
紅辣蹴
22 10 16
Green
10
8
12
25
13
Carry Stuff, English.. U
10
8
30
Cucumbers
6
2
18
Garlic
10
6
23
14
7
18
10 10
#+
18
Horseradish, Shanghai
$2
24
Indian Corn
45
21
Lettuce
14
20
8
2
Mandarin
10
£
̇鮮草韮
→
14
10
15
8
8
$
Green
B
A
29
Shanghai
上海葱源
6
30
Parsley
36
Potato, Sweet
Б
14
*
日本
14
American
28
18
Pumpkin
10.
Radish
86
S0
門
14
Shallots
10
Spinach
80
Tomazen
$
"
Taros
28
18
12
༤ རྨ རྨ སྐུ་རྣ རྫ གྷ ཋ 'སྶ ཋ ་ཎ བྷ བྷ ཎ རྟ ོk རྐ རྨ ; སྐུ
"}
我
ཆ ན ན ན ཆ རྣ རྨ
56
*IB*************** 2368689 67875515 I*****
1*2*3*2KRA-2*****************ARAN**=******
45
"
Water Chestnuts
Mushrooms, Fresh
Okroes
Onions Bombay
Japanese
SKEUKEU ABA KEBERKZEREKAR KERES E*JLEIAMOKTREE ES44ACE DEHY *KBEN ZU KE * * * *
洋葱
Rhubarb (Fresh)
干愨
Turnips, Punti (Long)
Vegetable Marrow
Water Cress
Water Lily Root
紅【村
8 www
4
10
8
6
4
+
5
6
6 15
"
速
pany, borrowing, issues for this pur- called investment remains to be seen, pose amounting to $5,506,883,000, an but, speculation. or investment, the increase of $1,114,763,000. Of this result has been to produce a pro
reaction прод international total $5,001,023,000 was for Ameri- found can companies, an increase of no tioяnce.
Canadian less than $1,255,127,000. other foreign company issues amount
London Barkers: The National Provincial and Union Bank of Eng-
Friday
The market opened wealt land, Ltd
on Monday but the 10
prices at- The Chuaranty Trust Company of The alleged secret agreements en- ing which, synchronising with a
tracted some buying and bear cover- New York.
tered into by the Hanychping Iron ter demand on the part of consum
a bet- York Bankers: The Irving and Coal Co, with Japanese capital-
ers, occasioned a micderate advance National Bank.
ists were the subject Company of view granted to members of the ed throughout the remainder of
of an inter- which has been fairly well maintain- BIGGER FINANCIAL STRINGENCY York.
Chinese press ty
a high official cf week.
Effects Upou International Finance Interest allowed on Current Ac- the Ministry of Agriculture
Reports from the Continent and are still not
The outside world has lost în twa counts and Fixed Deposits, Terme on Mines who, having been appointed to owing to the slackness of demand on
US. TRADE PROSPERITY too reassuring, where.
ed to $605,964,000, against $646,224, ways from the new financial trend in application.
investigate the compary's affairs, the part of consumers for some time,
000. Not only was less lent to for America. Not only has it been de- claims to know what he is speaking stocks
The past six months, says "The
eign borrowus, Governments and prived of the stream of long-term have to Some about. The oficial in question is cumulated, and the situation
extent a Times," have been a period of grow companies, bet municipal borrowers loans which it had previously ob- sald to have made
there ing financial stringency both in the the following has no
also obtained less, the total falling tained, and used for highly necessary doubt been statement:
T8sponsible for old and the new world. To what ex-
reconstruction from $778,419,000 to $6€3,666,000.
work, bat the United some selling and liquidation The secret contracts signed by the London market.
on the tent stringency in the new has con
States have, owing to the attractions Hanyehping Co. and Japanese capital-
tributed to stringency in the old In the US.A., no fresh features of may be gathered from same. interest.
Outcome of Trade Prosperity of money rates there, been a short- ists which have been responsible for
The cause
of this change in the term borrower on a large scale from importance have arizen, and the losses, of China's sovereign rights price there remains unchanged.
the ing calculations made by the New
direction of America's lending is to Europe. Bearing in mind the fact York Financial Chronicle." For in- were arranged by the late Sheng Options-Double-
be found in the great prosperity of that Europs has to remit to Ameri- £1.10.0; Kung-pao as ale representative of 16/
Single stance, foreign Government issues in bar trades and industries. This pros- ca between £10,000,000 and £50,000, the company. For these reasons, the
New York in the first half of 1328
perity has created such a keen ap- 000 a year on account of War Closing amounted to $501,474,000; this year petite among the investing public for settlements alone, it is not difficult £24.18.8 the total has dropped to the ohnost common stocks, or equities, that to understand how important is the £24.18.9
negligible figure of $41,750,000. The companies bave been compelled to part played by America
in world aggregate borrowings in the United some extent to raise money in the finance, whether that part be active £25. 1.3 States on behalf of foreigners Gov- form of common stocks, and to or passive. While the common stocks week was oramont and corporation borrowers duce considerably borrowings on fix of many foreign companies offer were rather less than half the amount ed interest-bearing securities. Thus higher yields than those
to be ob last year, the figures being
bond and noto issues this year have tained on gome American securities, $584,221,000 this year and $1,176,- dedined
from
$2,246,292,000 to there has been very litle
movement' 638,000 last year. This decrease was $1,673,588,000. The bond market has Americas capital into common not due to any diminution of Anan- been virtually in a state of suspend stocks of such companies, except cial resources in America, but to a
ed animation for months, and this is Canadian, and the very small volume strongly marked diversion of capital especially true of foreign tesues. of business which takes place in Bri-
domestic purposes. Indeed, the Fashion is hardly a less potent force tish industrials introduced to the issues of new securities, foreign and in finance thas in other things, and kerb market in New York shows domestic тета very substantially until the market "boils over" or that the American investing publie larger this year than last. This year trade and industry suffer material as a whole has not been educated- the total is
is $6,250,908,000 fresh
set-back, the
common probably popularity of common
because it has felt the need record as compared
ared with $5.743,- stocks is not ikely to diminish. The for it in the matter of geographical figure in- enormous absorption of credit in the distribution of investments, which în
market.
STANDARD TIME.
SUNRISE AND SUNSET IN COLONY
Sunrise
contracts are not legal according to August international law.
September According to an article written by October a Japanese merchant and published November in thePoking Weekly, profite The turnover amounting to $150,000,000 have been 2,400 tons. made annually by the Japanese mer- and Sunset in Hong chants as a result of these contracts and from the Chinese iron trade.
p.m.
6.11 0.24 6.11 6.28
6.22
Opening
$24.10.0 £24.12.6 £24.13.9 £24,25.0 for the
£25
CANTON FINANCE
MAGISTRATES NOT TO ORGANISE BANKS
NEW EDICT
Canton, Yesterday.
re-
of
Kong for Sept (Standard time of These huge profits resulted from the 120th Meridian, East of Green-monopolies for the sale of iron dur wich), are as follow:-
ing the Great War when prices in Sunrise Sunset. Europe zoared to high nits.
The Hanychping Co., bound
by the contracts with the Japanese, wers forced to sell their products to the Japanese at how prices and the Japanese in turn sold at an immense profit During the Great War, the Hanyelping mate $15,000,000, but all of this money Canton Department of Finance in jes- recent weat into the pockets of the Japan-ponse to a petition by the Magistrate placement of old issues. Eliminatingly exceeded for ese, who have made more in profits of the Chi Kard district, district issues for refunding purposes, the 27,000,000,000, against alone than
Tena what they lost to the magistrates may not organise banking total of new capital raised during the $3,000,000,000 three years ago--is brated Canadian lawyer and states- сотраду. company/ontracts entered falo, there institutions in their jurisdiction, which half-year was $5,370,732,000, against another manifestation of the change
6:128.20
&
Det profit of
everent
According to a decision made by the 680,000, and the $880.174.000, carrying of seks on the New York a characteristic of the British capital
Los Angeles
Lyons
Tokyo
Tsingtat Vladivostok
September
19
20
21
6.11
Manila
(Temporarily
Nagasaki
closed)
22
23
Nagoyu
Interest allowed on Current Ac-
24
6.12 6.19 6.12 0.28
counts.
· 6.18. 6.196.16 8.14 6.15 6.14 ·0.14
6.17
6.14 6.13
8.14! 0.13-
legál
fore, should not be recognised as Bank--Canton News Agency.
Deposits received for fixed perioda
at rates to be obtained on application.
IL MORTY
Manager.
Hong Kong, 11th September, 1829:
plures
2 smaller
the first time. than
Senator N. K. Ladamme, cele-
increase was secounted for by com
of investment fashion in the United man, has died at Mathis de States. Whether it can be strictly Richelieu,