Page
NEW YEAR HAMPERS
Wa beg to notify Customers that Assorted Hampere suitable for the Festive Season may be obtained from us at the following Eeduced Rates :----
No. 1 HAMPER-$38,
1 Qt. Moet & Chandon Dry Imperial 1 Qt. Superb Tawny Port.
1 Pt. Blackberry Brandy, 1 Pt. D.O.M.
Champagne. 2. Qt. St. Julien Claret.
1 Qt. Martell's XXX Brandy,
2 Qts, King George IV Gold Label
or Perfection Whisky.
1 Qt. Old Brown Sherry, Black Seal. 19. Puritan Old Tom or Dry Gin, 1 Qt. Burgundy, Burgoyne's. 1 Phil Pomeranzen Bittera
No. 2 HAMPER-$34.
1 Qt. Guillemart Champagne. 1 Pt. D.O.M.
C
1 Qt Burgoyne's Burgundy, IQ Martoll's XXX Brandy. 2. King George IV Gold Label
or Perfection Whisky,
Qta. Tawny Dry Port.
2 Qta, St. Julien Claret.
1 Qt. Puritas Old Tom or Dry Gin.
1 Qt. Vino de Pasto Sherry. 1 Phial Pomeranzen Bitters,
No. 3
HAMPER-$30.
1 Qt. Burgoyne's Burgundy.
1 Pt. Peppermint G.F.
1 Pt. D.OM.
Qts. Superior Rich Old Fort,
2 Qts. King George IV Gold Label'
or Perfection Whisky.
1 Qt. Engrand's XXX Brandy.
1 Qt. Amontillado Sherry.
1 Qi Puritan Old Tom or Dry Gin. 2 Qta. Medoc Clarat.
1 Phil Pomeranzen Bitters.
Other Hampers made up to suit Customer's requirements.
GANDE, PRICE & CO., LTD.
TEL C. No. 135.
WURM'S
Hong KONG.
STOMACH DOCTOR
The Best Bitter for the Stomach.
Best Remedy for Poor Appetite, Deficient Digestion and Disorderly Stomach.
Obtainable at
THE WING ON CO., LTD.
Asahi Beer
Invigorating & refreshing.
Sole Agents:
ASAHI
MITSUI BUSSAN KAISHA LTD.
HONG KONG
INSURE
YOUR
MOTOR CARS
WITH
GILMAN'S
'OCEAN' COMPREHENSIVE POLICY.
LONDON BUYING
[106
ACENTS We offer von our services na bry. ing agents for British or Coati nental goods Established in 1844 but thoroughly sp-to-date, our success attained by making out customers interess our first aims. Fire expert.
capable stalls, manag buyers, with different departments, buying,
good grestest care very clare giving our customers all the advan tage of wide experience, and ensunng thole requirements being rightly sup plied at lowest prices and best
00:
Toleg: "Keymer, Londo
Flowers have Feelings!
art of flower arrangement,
*
THE HONG KONG DAILY PRESS, SATURDAY, NOVEMBER 24th, 1928.,
Money and Markets
THE P. AND 0. DIVIDEND.
SOUND POSITION.
The announcement last month of
CHINA'S COTTON INDUSTRY.
GUN
TIME
BETTER PEIHO COTTON.
The Cotton Yarn Association's industry of China, recently publish pamphlet on the cotton spincing ed in Manchuria, pointed out that China, like India, was
cotton-
a final dividend of 7 per cent. upon P. and D. Deferred stock, making 12 per cent. for the year, free of income tax, is an eloquens, testi imony to the sound financial posi-growing as well as a cotton-manu- tion of the company, which, it will [facturing country, and it appears be recalled. reduced its dividend that China also resembles India in from 12 per cent. to 10 per cent.. that attempts are being made to still tax free in respect of the year improve the qualities of the domes to September 30th, 1025, when the tic growth of cotton. A recent issue protracted
Australian shipping of the Chinese Bconomie Bulletin strike caused serious difficulties in states that prominent cotton mer- the Australian trade. Then folchants in Tientsin have organised lowed the General and Coal Strikes
a company, which aims at improve at Home, with their disastrous re
ment in the quality of Peiho cotton sults to the volume of trade, and and the encouragement of its une increased expense to all transport in the mills. Peiho cotton was con- undertakings.
sidered the best in the north, since
The 10 per cent. dividand was paid for three years, and that the company should be able to restore the rate of dividend at n time when, even if there are no out standing factors making for reduc; ed earnings, the general state of the shipping industry is certainly *subnormal" as regards freights is a sign that there are at any rate no legacies from the specially bed times of 1925-27 to be made good.
mer-
has a longer staple, and a better colour than other types, and is more suitable for producing finer" yarns. Unfortunately unscrupulous chants have recently tried to adulte. rate it. so that the confidence of con sumers in. Peiho cotton have been undermined and they have imported foreign cotton to take its place. The increase post the imported cotton is a serious consideration to some of the mills. In order to rein- state Peih cotton the new com
On the announcement made, on October 25th P. and O. stock, now quoted in £1 units. rose to 36. Apany intends to educate farmers in aodern methods of cultivation, to this price, which iş yuivalent to
take steps against adulteration, 930 on the old basis, the yield is
8. per cent, free of tax, dilaw and to advertise the qualities of ing for the final dividend which is Feiho cotton as compared with those included in the price. This yield of foreign cotton, is equivalent to a £8 109 per cent.. return subject to income tax.
JAPAN'S COTTON
IMPORTS.
STEADY INCREASE.
"HONG KONG SHARE
MARKET.
PRICES SHOW AN EASIER TENDENCY.
MESSRS. BENJAMIN & POTTS' REPORT,
Messra. Benjamin Potts, in Raw cotton imported into Japaá | their review dated yesterday, state: from the advent of this season. Since "our, last report of the 18th September 1st, to the end of Octo- November, the local market has ber totalled 447,754 hales, accord-shown very little activity, and ing to an official report. Detail prices with few exceptions, hare follows:-
shown an easier tendency. This Bales, quiet tone which set in at the end 218,143 of the last week has been intensifi- 119,021 ed, quainly owing to apprehension.
9,316 as to the effect of the new Stamp 11.190 duty proposals of the Government; 77,170, consequently there is very little ca
423quity in the market and business 13,570 as shrunk to negligible dimensions,
2,585
In Shanghai interest is being 3,319 almost entirely centred in Cotton 13 shares following the improved Yam position in the North, the market 14,4 there closing, firmer, with more
buyers in evidence.
Indian cotton American, square bales... American, round bales. Chinese, iron-pressed Chinese, half pressed Chinese, medium sized Chinese, small sized Egyptian
African
Others
Total
This total shows a gain of 77,967 hales over the corresponding period inst year.
JAPAN'S SHIPPING.
GOVERNMENT REQUESTED TO AID LINES TO DUTCH
EAST INDIES.
Hong Kong and 'Shanghai Banks were dealt in at $1325/1330 and
have further enquiries at the former rate. The latest cabled quotation
from London is £111 Bank of East Asia's have firmed up to 880 and probably a little more would be paid Unions have had transactions at 8362, China Fires continue in demand at 8250. Can tons are offering at $675 and Hong Kong Fires at 8760, sales Baving been changed hand at 8670 and 8:63 respectively.
At Last!
An Electric Clock for
FROM THE ELECTRIC
LIGHT: SOCKET.
for Everyone
Light, Heat and Power come to you through your Electric wires.
Now comes Time, also.
The Telechron Electric Clock only needs connecting up with the nearest light socket, and you have,—always,
acourate time, with no winding, regulating or cleaning- to worry about.
."
Many handsome Telechron Electric clocks are on view at Messrs. Anderson, Meyer & Co., the Hong Kong Electric Co., and the General Electric Co of China, showrooms, and you are cordially invited to inspect them to-day."
They are well worth a visit
Telechron
THE ELECTRIC TIMEKEEPER
LOW RUBBER STOCKS IN
LONDON.
DEMAND FOR BRASS.
CANTON SHORT OF STOCKS.
The last return of London stocks of rubber published before restric-
Large quantities of brass wire, tion was removed records, strangely rods, and plates have been import- enough, the largest weekly decrease ed from Japan for the South China since the end of May last, Land-market. Prices were lower than ings of the commodity were the these quoted by British, Belgian, smallest for months past-namely
and German supplies, although the 408 tons,-While deliveries were 2,645 tons. The resultant decline in quality of the Japanese product was stocks of 2,997 tons reduced their admittedly inferior to the European. level to 24.240. tons.
It is on this This difference in quality has made low stock figure that the optimists it difficult to find buyers for Japan in the industry are basing in large brass, and the boycott movement part their more confident view of has made matters still worse from the outlook for the commodity, for the Japanese point of view. At the low visible stocks both in London present time, there is practically no and in New York will provide, of business being done with Japan in course, a useful buffer against the this line.. influx of rubber which will result
the normal stocks which will be re-
[A.P.31]
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
NOVEMBLE 23RD, 1928. E. Banks............$1.325 bay. Do London...£140) nom, bercantile Hanks, A. &B. £34 nom. Chartered Banks 2 bay.
0...2143 nom.
9 nom..
East Asia Bank: 130 buy.
Do., P. & O. Banks
Canton Insurancas......3670 sel Union Insurances_ $581 sel. North China Ins. Tls. 160 buy, Yangice Incurante...... $50 nom. China Underwriters..............121 sel. China Fire LasaraANGOS........... 380 Hong Kong Fire Ins.... 180 ml. Denga Traih nom,
...$23 bay. & s. HK. Tag
..$1.60 nom. Indo-Chinga (Fref.) ......3124 buy. (Def)` ......$72) bay. Waterboats.......... Shell Tharports.118 nom. Benguete
HE
Do
Dooks
TOM,
Tla. I zom.
Tls, of nom.
11. 2.83 bay.
18. 103 sal
:9:15
...$661 buy.
..Tis. 178'sel
..$81 nom
Inquiries among metal dealers in Kailan Mining Adinin....75/
Langkats (combined)... from the removal of restriction and Hong Kong show that business has
Do. (single)
The Osaka Chamber of Commerce Steamboats mark a further rise at
Hong Kong, Canton and Macao the release of the stocks accumulated been fairly good this year, but Sh. Explorations
on the plantations in Malaya and stocks of brass wire, plate, etc.,
Bhanghai Loan...Tha Raube ......***** and Industry, at its general meet 8281. China, Providents have eased Ceylon. Market estimates place now in the Colony are more than Tronoh Mines 17/9 no.
$54 buy, ing on November 6th, adopted at 35. Hong Kong and Shanghai these accumulations at about 90,000; suficient to meet the demand for K. & K. Whats 8157 sol, recommendation, addressed to the Hotels were realised at 89.30.
tors by the end of October and the the present year.
HAK. & W. Dooks****$37 Hom respective Ministers and officials
Hong Kong Lands are & shade total reduction in work visible concerned, 'requesting Japanese easier with business done at 206,
supplies at not less than 75,000 ed brass for which there is still con-
There is one line of manufactur-Chins Providents...$4.95 buy., 5.10 sai.
Houg
Tia. 166 nom. ships to call at Sumatra And
and further buyers at this figure. tons, on which basis, allowing for siderable demand in the Canton New Engineering Belawan.
Although Japan's trade with the Humphreys Estates have receded to
Shanghai Dutch Indies, is manually incteas Hong Kong Trans have ex- tained on the estates, the surplus market, anne, bros slechtical and Ewo Catioma.......la. 122 buy. ing, it is mainly devoted to that Perienced a further setback, the rubber, which may be expected to in the manufacture of electrical and Oriental Cottons. The. 2.40.201
market falling to $19, but have
come forward on the removal of other apparatus Japanese stocka Come and learn the fascinating with Java, and there is hardly any since recovered to a buying quota- restriction should not be more than of this line are said to have been 8'hai. Cottons (old). Tha. 851 bay.
Do. !{OW)... Tim 824 buy, & *,* trade done outside of Java. This
sufficient to redress the visible completely cleared, while English H.K. &8. Hotels. $9.20 buy, is due to the fact that whereas the tion of 819.40.
and German supplies are not arriv 1.K. Lands Hong Kong Electrics are slightly stock balance. O.S.K, the Kand Jarmer with business dope at 233 Japan-China Line maintain regu- lar services to Java and a number and 951 for the old and new shares of tramp steamers also provide respectively. China Lights (Qld) transportation facilities and chen continue very flat and sales have per freight rates, there are few, if taken place at $12.40. Star Ferries any, Japanese ships making regu- scek buyers at 8671- Iar calls. elsewhere but Java.
No Japanese ships call at such Sumatra, a promising port as causing Japanese merchants extra expense for re-loading and higher
Bengueta, continua in request at freightage at Singapore. The Gov-
Raubs are wanted at 851 ernment should subsidize the routes 82. that pass by Sumatra and induce Eos have changed hands to a fair ships to call at Belawan, so as to extent up to Tis. 13. Orientals promote Japan's trade
with were put through "at Tla.. 2.40. Shanghai Cottons (Old) have con- Sumatra.
This recommendation ad | tinued their rise and are in demand dressed to the Premier, Foreign, at Tls. 652.
Communications' and Commerce Ministers.
. Ike Bana
as practised by the Flower-loving Japanese.
For classes or private lessons "address enquiries to
Mr. Wada,
Tokyo Hotel,
38, Connaught Koad Central.
HATE, GOWNS
& NOVELTIES.
"Felix."
7. 1oz Hovez STREET,
Hong Kong
Was
AMERICAN COTTON
·CROP...
Ching Sugars have weakened and were booked at 50 cents. Dairy Farms closed the turn lower at 8221. Union Waterboats have lapsed to a nominal quotation of 8231.
་
UNITED STATES OPENS MANCHURIA TRADE
OFFICE.
Do.
At the same time consumptioning fast enough to meet the de- Bhanghai Lands.......I of the commodity, particularly in mand. Prices in Canton have in-Humphreys stater......315g sel. America, continues good. Bo far as creased from 0 to 8 dollars a FK Bale price prospects are concerned, judg. picul, and art expected to advance HK. Tramway $19.40 buy, T19.15/40 B ing from the forward sales which further unless fresh supplies are
soon received from Hong Kong. Peak Trams (old)....$13
a bug. have been entered into for next year
(w)........80 nom. and even 1000, d. per pound is
Star Ferrial 57 sol likely to remain the average price
Chins Lághts (oldj...$12.65 sel., 124 sa for rubber for some considerable
Do.
(new) 12.45 sel $12.55 L Do. (1928- Larnė) time to come.
Electrics (ald) 352 buy,,53. Do.
351 buy. Macao Electrics $23) bay. Telephones.... $7.30 bay. cum rights
...$5.65. nom. z righta
ACIDITY CAUSES STOMACH TROUBLES.
Stomach pains and inability tó retain food often mean nothing more than indigestion resulting from gas and excess acidity. Gas distends the stomach, causing that full, oppressive feeling, while the acid irritates and inflames the de- licate lining of the stomach. The whole trouble arises from the for- PERING, NOV. 2nd. mentation, which is not only un- America's growing interest in natural, but is dangerous if" not Manchuria is indicated by the de- attended, to. To prevent or stop cision of the Department of Com fermentation and neutralize the merce to open a new office in Muk acida, half a teaspoonful
Bisurated Magnesia should be den, with Mr. J. J. Ehrhardt as trade commissioner and Mr. W. K taken in a quarter of a glass of The Agricultural Department of Hoyt as assistant trade commis water immediately after eating, or the United States Government on alouer.
whenever pain or fullness is felt. November, 8th announced that this Mr. Ehrhardt originally was de-Bisurated Magnesia can be ob- year's raw cotton erop will reach signated for Tientsin, but it has tained from all chemists in both 14,133,000 bales, or larger by been decided not to open the Tien powder and tables forma, and at 180,000 bales than the previous | tsin "office for the present but to little cost you can get rid of your éstimate, but less by 3,844,000 bales concentrate attention to the trade | acid-caused stomach troubles and ́inte” last year's actual prodnationand-commerto of Manchuria "avoid them in fature
LESS THAN 1927-8.
of
EXCHANGE RATES.
{BRITISH WIRELESS SERVICZ]
Rucer, Nov. 21st
Paris
Brussels Amsterdam Berlin Copenhagen
FLK.
(new)
D. rights
Do ****.***.
Doi
China Buses
Singapors Traction......12- num.
1 Bugara "mmmm) buy.
Canton Ices
$31 nom
Caments (combined)......19.70 sel
Do (old)....
Do. (new)
124.10
34.8B
12.081
20 kk
11 bay.
20.35
Do. (Pre)......19/3 sal.
18.19
China
Sugar
.$0.50
buy.
& EL
Vicana.......
24.605
Malabon
1924
1081
805
47.29/64 2/7
$1.60 sel
H.K. Ropes (old)
1/10.13/18
Do.
(now)
32.65
4.86.1/18.
United Asbestos....
$5 hom
25.19
Dairy Farms.......
92.55.
Wataoms
18.14
Der A Winga
18.19
Lane Crawfords........
1631
30.075
Helsingfors Lisbon Bucharest Buenos Aires Shanghai Yokohama .... New York Geneva .Milan
Stockholm Oxlo Prague
Madrid
Atheas Rio
Bombay
Hong
Kong Silver (spot) Biyer (forward).
375 5.99/32 1/6.1/22 2/v$
23.13/18
Mackintosh
WEL
7.60
nom,
0,75 buy, $3.95 nom. 820-nom:
"Jej bay..
$3.65 buy.
H.K. Amusemente mine 28), sel. H.K. Constructions. nom. B'qua, Indus GBangla 6%-bay. HK Gort, LoaDE, „.0% prem, sel.