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THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel. Central 238.
THE HONGKONG DAILY PRESS, SATURDAY, JULY 31st, 1926
3, Queen's Buildings."
SOLE AGENTS FOR
BELL'S UNITED ASBESTOS CO. LTD...
MANUFACTURERS OF
Victor Metallic,”
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"THE CORDAGE › YOU CAN TRUST.""
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Canton Conference.
The Full Story
IN TO-DAY'S
Hongkong Weekly
Press,
THE HONGKONG WEEKLY PRESS, PUBLISHED TO-DAY CONTAINS THE FULL ACCOUNT. "OF THE NEGOTIATIONS REGARDING THE BOYCOTT BETWEEN. THE HONGKONG AND CANTON DELEGATES AT CANTON.
The Indictment of Hongkong by Canton. The British Delegates" Reply. Review by Eugene Chen of the British Statement. The Cantonese proposals; the British answer
and the offer of an industrial loan.
-
THE RECORD IS COMPLETE, IT IS GIVEN IN A CONVENIENT FORM AND SHOULD BE KEPT FOR PURPOSES OF REFERENCE.
THE PAPER SHOULD BE SENT TO ALL WHO.
HAVE BUSINESS CONNECTIONS WITH CHINA. A GREAT DEAL HAS BEEN HEARD OF THE NEGOTIATIONS. THIS ISSUE OF THE WEEKLY BRINGS MATTERS UP-TO-DATE AND SHOWS EXACTLY THE POSITION IN WHICH WE ARE PLACED.
IN ADDITION, THERE IS, AS USUAL A FULL SUMMARY OF THE NEWS RECEIVED FROM ALL PARTS OF CHINA SINCE THE PREVIOUS SATURDAY.
32 Pages-Price 30 Cents.
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The Paper with the Familiar Yellow Cover.
(On-Sale by all Regular Newsb
STATE OF TRADE.
EFFECT OF THE STRIKE.
i
BANK COMBINE,
A SHANGHAI REPORT.
STORY CHARACTERISED AS
"ABSURD.
A report appearing in a Shangbai
PEXING, July 14th According to advices from Hong kong, three America banks consisting of the London and Paris National Banking Corporation. Anglo-Coli- fornia Trust Co. and the Equitable Bank of New York, will jointly estab *lish a banking corporation in Bong- kong, capitalised at gold $140,000,000, with a view to monopolising the bank ing business in China, the Straits Settlements and South Sea Islands. The scheme is being pushed an accretly by influential members of the syadi- cates concerned.
BIG COAL CONTRACTS LOST.
Further coal contracts which should have come to England have been lost through inability to supply until a settle-papers a few days, stated that three ment has been reached with the miners, American banking concerns were cém- say the Times of June 26th. The passing
bining to establish a banking corpora- of the Swedish State Railways contract tion in Hongkong, with the intention of for some 250,000 tons of steam coal to
monopolising banking in the Far East, Germany and Silesia, though fully anti-
Aa reproduced from the Shanghai cipated, is a great blow, to the auturam
Times, the report read - trade of the Tyne, and its effect will be felt when the pits resume work and are in want of trade. It is greatly feared: that Baltic business, and indeed, much, of the export trade of the second half of the year, is already ruined. The Egyptian State Railways administration have now issued an invitation for fresh tenders for Welsh coal, and in doing so intimate chat offers of American or Continental coal will be considered. This means that, unless the exporters
Oa enquiry at No. can guarantee supplies of Welsh coal for Road Central the offices of the Equit Queen's the next three months, foreign coal will able Trust Company, of New York, and be substituted, and the contract lost to of the Equitable Eastern Banking Cor South Wales American coal is doingporation of New York, Mr. Biggar, the particularly well, alike in our home manager, characterised the report. Ay market-and-abroad, and the heavy char-absurd.He said that there was no tering of steamers to move it across the such thing as the Equitable Bank of New Atlantic is regarded with grave concern, York, tor was there a London and Paris for the conl is quite able to compete with Banking Corporation. The Anglo-Cali the British product and is making the fortia Trust Company is quite a small most of a unique opportunity to establish back in San Francisco. He further itself in the markets abroad.
stated that the story was without founda. tion, and added that it was ridiculous to suggest that Americans were trying to establish a monopoly of banking in the East
e,
ENGINEERING. Engineering and Shipbuilding-The further depletion of fuel and
raw materials is circumscribing engineering A member of the American Consulate activity, and it is spreading unemploy said that one reed only read the sup- ment in many other industries. The posed details to see that it was improb position is becoming critical in many able. of the foundries. Engineering firms re port that whereas a short time ago in quiries were becoming more plentiful and HONGKONG STOCK EXCHANGE. more orders were materializing, orders are becoming more and more scarce, Trade, it is stated, will have had such a setback that the effect will be evident during the whole of the present year, even with an early settlement. Clyde shipbuilders are experiencing steadily increasing difficulty in obtaining supplies of ship plates and sections, and in several yards work is being delayed by lack of materials. So far no vessels are actually held pp on the stocks, but on several there has been a compulsory slowing down, and in some cases considerable numbers of inen have been paid off.
CLOSING QUOTATIONS.
Bongkeng Bank
Do
London,
Chartered Bank.... Mercantile Bank, A &
Don
| P. & O. Bank
East Asia Bank Canton insuranos China. Underwriters .....
·JULY 30TH, 1926.
SIR30 B.
..13) qm..
220 buy. B...... nom. 0......13 com.
.£91 bay.
buy...
..$630 buy,,640,zel,
$1.80 buy.
.89% com ..580 buy.. $40 num.
.567; ual.
North Uhins Insurance 145 QUD Iron and Steel-A further rise in Union Lnsurance ............$290/1 ma prices for available stocks of iron and Yangtze Insurance by steel is recorded. In the pig iron branch insurance $200 buy- famine conditions have developed. In. Hongkong Fire Insurance..$620 bay. quiries for constructional work are atili anglases ...... .......... bay.
...$267 buy. being received, some of these involving E., & M. Stésboa
Hongkong Tags .......................... good tonnages of steel. Engineers and Indo-Chinas (Fred)..... contractors, however, will not risk quota- Da tons for importact contracts, in view of Shell Transports......
(Vol), ..... the great uncertainty as to steel prices Star Farmes.... and time of delivery, and most of this Waterbcats.. business is being held up.
China Bugars Hardware and Cutlery-Home orders Malabon Bugars for cutlery and plate have declined Benguet......... sharply, and but for Colonial business Kalan Mining Ad............... and contraste in hand business would be | Langkata (combined) at a standstill.. Reports from nearly ail branches of Birmingham manufacture are satisfactory from the point of view of customers' requirements. But pro- duction is gradually decreasing from one cause or another connetced with the strike.
Do.(single) Shanghai Explorations..... Shanghai Luuza mene Baals....... Tronoh Mines Ural Caspians ...... H.K., & K. Wharts.. H.K. & W. Docka New Engineerings.. Hangkew!...... Shanghai Lock HK, & Hotels Hongkong Lands Hongkong Healtye H.K. Territorial ........... H.K. Developments
Humphreys Estates.... Prince's Buildings... Bural Landa mm. Ewo Cottons 11101
Urientals
$15 nom. $242 buy. .533 bay.
$1 nom.
,40/- DOMU
T. 28-bay.
1. 12.
15%, o nom
T. 7 non.
$ti 10m. 54/. com. .8/-nom
8122) buy. ..$534/4 0. ...T. 171 buy, ....... 5.90 bay.
119 buy,, 1194 sa
....$11834
***... 5 BOL.
$5 DO
15 cts. Hal.
8484
buy.
-$90 sal.
31 bay
&
...TE. 9.10 bay. Tier 4.60 bay,, £70 L
Pottery. Half of the pottery opera- tives are registered as unemployed out of about 55,000 engaged in the industry "in North Staffordshire. Production is now on the most restricted scale at the factories which are still working, and a very considerable number of the works are closed down altogether.
Boots and Shoes-No material change in the boot and shoe industry is reported. A few centres report some improvement, but everywhere a great amount of short. time prevails. Orders are arriving very Blowly, and in one of the most importantTM | Shanghai Cottons (old) .................Th. hoot-manufacturing towns in the country Chine Buses
T. 27 buy. it is estimated that the output for the Hongkong Tramways. 824 buy.
Tl. 10% buy, tims being is only two-thirds of the Peak Trams (eld) ...... normal for this period of the year...
$16 buz. (new)...............$7.60 nom. Singapore Tractions .......................10/8 buy, 12/. sel
Amusements................................. ...$11) nom. Canton ices Caments (combined)........$15 nom.
Do, (old).........312 nom.
(DOW),....................52 nom,
COTTON."
Tax
Do.
Do..
(new)
* Bel
Cotton-Quite apart from the fact that June, under normal conditions, is the quietest month of the year, difficulty of guaranteeing delivery is causing com- plications which are difficult to overcome. The majority of spinners are insisting China Lights (combined)......$19 buy. on a strike clause. Some buyers offer & month, but, the more conservative traders insist on the clause covering the whole period of the strike. Production is being interfered with both in spinning and weaving districts, and in another Hongkong illectrics. two or three weeks" stoppages will be Macao Electries. widespread.
HK Kopes (combined)
Do. (old)14 nom. Dio. (new) ..$11 nom Contractions ...... China Providents
5 sel #252; nom. Der A Wings Dairy Farms.
Do. (old) Do. (now) ****) Lane Crawfords...........
lot buy.
0 soli 367 sel. $35. nou $20 sel.
WoolAt the moment there is sufficient coal available to run what minchinery is
$10 Bal ..$5.00). necessary to deal with the orders in hand.
:89 nom The condition of the worsted industry Mackintosh...........$194 nom. continues very unsatisfactory, and the Bindered
$11 nom. prospect of any improvement in the near
United Asbestos ..................... ...820 10. future is not encouraging.
Watsons (old)........................$13; nom Drapery and Clothing-The improve Wm Powalle ment in the weather han stimulated retail trade, and the sales also are attract ing customers. Wholesalers are reported to be making good clearances of seasonal merchandise at their stock taking sales,
uny buyers; selailer; a-sales
and June figures will compare favourably The gravity of the position is, however, with those for the corresponding month increasing owing to rapidly dwindling of last year, Provincial retailers who stocks of coal. Meanwhile other difficul- begin their Bales next week have ties are arising out of the coal strike. bought more extensively thair was ex-Given a settlement there is little doubt pected.
that the hosiery trade would recover more Hosiery-Hitherto Leicester has not quickly than any other industry in the suffered from shortage of power as much country, for large orders for autuma as other towns, for while the 60 per cent. goods are only awaiting the miners' re regulation was, nominally in force most turn, to work. The summer, trade bas, factories were actually running their of course, been a failure so far as home machinery the greater part of the work-demands are concerned. Unfortunately ing week a few indeed at full time. the shipping trude is showing signs of
(Continued on next column.) falling off.
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RIN TIN ΤΙΝ
IN
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INVESTMENTS.
Ref.
"WE BUY
WE SELL
Ref:
Lands
Mo1 Banka
A13
100/500 Trams 200 Humphreys
Wharves
B15, Union
A13
500 Providents
BB4, C4
Watsons
K12
500 Tags:
J7 Amusements
Banque Indo-China Gold Bonds B840 $
We negotiate all local and foreign investments, email and large 'lots. HONGKONG SMALL INVESTOES, SHARE & REAL ESTATE CO.
10, Des Voeur Bond. (180
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Brussels
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Copenhagen
RUGBY, July 29th.
203
1851
12.091
20.43
18,24
Vienna Helsingfors
34.41)
103
*Lisbon
2.17/32
Buenos Aires. Shanghai,
45.7/16
2/10
1/118/10 4.88.5/18
25.124
140
-18:10
92.16
··1845"
31.62
Yokohama New York
Geneva Milan Stockholm
Olso
Prague "Madrid"
Rio
Bombay Hongkong Silver (spot) Silver (forward)
7,9/32 1)8.20/32 2/2 29.8/18 29.0/16/
quarterly average states that 21.001 pence The Rubber Trade Association's official in on the market, which has now closed down until Tuesday.
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British Columbia
Prospectusas, and @information regard-
· ́ing' privata schoola
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REAL ESTATE INSURANCE IRVESTMENTS Victoria & Vancouver;
Averdict of "Suicide while of un sound mind was returned at the in quest at Hammersmith on Edward Emerick Zeigler, of Netherwood-road," Shopbord's Bush, who was found on Attached to the pipe was rubber tubing couch with a clay pipe in his mouth. leading to a gas jet, the top of which was
turned on.