Page
A REAL DRINK
"BOAR'S
GUINNESS'S
HEAD BRAND
FOREIGN EXTRA
THE HONG KONG DAILY PRESS, TUESDAY, JANUARY 8th, 1929.
Money and Markets
HONG KONG MARKET REPORTS.
Quotations in yesterday's local market for ries,- sugar and other foodstuffs were as follows:-
Rice.
Rod Horse White
STORING OF DUCK'S FEATHERS.
ANOTHER OBSTACLE TO
TRADE!.
RUSSIAN TEA IMPORTS.
INCREASED: JAPAN. TRADE.
The shipment of green tes from Japan to Soviet Russia for this expected to be double what it was in 1995, if the quality of the ten is improved
; ;ד
The export of green ben · from Japan to Russia amounted to only 2,300,000 kilograma in 1995 and to 3,000,000 kilograms in 1996, but it leaped to more than 3,000,000 kilograms in 1929.
CANTON MARKET REPORTS, Some time ago, the Chinese Cham-year
ber of Commerce made a vigorous Quotations done for Sunday's į protest to the Sanitary Department, market in rice, sugar, four and oil on behalf of the dealers in duck's were as follows:-`
feather, against the order prohibit ing the storing of feathers in Picul. godowns in the West Point, district. The Sanitary Authorities classified this commodity as an offensive
Per
GERMAN FINANCE.
RETURNING TO PRE-WAR
MAIN STABILITY.
The merchants said that since the business had been allowed to 'go on. for years and years," it was rather
Berlin is regaining its connections Ex- late in the day for the Sanitary De with international finance. partment to bring it within the change rate and movements of Ber-
Lin stock prices practically eliminat Cffensive Trade Ordinance. Theyed violent fluctuations in the years from 1925 to 1926, and arg nOW TE- turning to pre-war stability, This
also said that, the feathers came in. bales and there was nothing offen- siva about them. No sorting was is due to mid-month settlements į dons in the godown, and the places having been abolished and the re Picul where this was done were all in sumption of single month-end settle- Taels. Yaumati, and were licensed to carry | mènt of sales and purchase for
Eice.
Pe
Pical. Chai Mee White
$7.53
Sea Mai White....
Ching Ah White Long
7,38
Pak Kan Yok White
$21.95 10.00 8.70
Red Chai Mee
7.68
Blue Anchor White
$70
trade.
Green Seal Broken
5,71
'Green Seal Siam White
10.70
White Long
0.83
Black Seal Siam White
10.30
White Brand
3.37
Hung Wo Fung White .....
0.68
Black Mok Kan
Red Seal Old White .....
Green Dragon
8.02
Kwang Po White
Black Dragon ...
7.03
Green Lion White.....
9.80 8.70 6.73
Blue Seal White Brewer
7,17
Green White ......
9.65.
New White Glutinous.........
7.21
Red Lion White Siam
9.70.
Red Seal No. 1 White Broken
3.99
Red Star White......
Blue Seal White Glutinous
6.23
Three Marks White ........
Red Seal No. 1 Glutinous ....., 6.03
Red Bird, White
9.49 9.90 8.90
No. 1 White Broken
Per
1.99
No.. White Broken
3.80
Sugar.
Per
Picul. No. 3 coarse powdered
No. 2 course powdered
8.10
No. 18 coarse powdered No. 24 coarse powdered No. 50 coarse powdered
Miscellaneous,
87.93
7.70
No. 20 coarse powdered......
1.65
No. 1 Granulated
7.23
No. 1 Fine Granulated
Refined White
Hong Kong..
Per
Walchow White'
7,80 9.50 10.90 9.60 9.50
Picul
Per..
No. 1 Shark's Fin
8400
Flour.
Bag-
No."2 Shark's Fin
268
Manol-War
84.03
Wood Oil......
309
Silver Scal
4.18
Duck's Feather
80
Banana
410
"
Cheung Luk
4.16
Maize
4.95
Sword of Kwaartei
4:20
·Cabbagén
Dalton
4.43 4.30 4.30
Per
STOUT
WORLD-WIDE REPUTATION
SOLE AGENTS :
GANDE, PRICE & CO., LTD.,
ST. GEORGE'S BUILDING, ICE HOUSE STREET. Tel Central No. 135.
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(Incorporated.vnder the Compenfas Ordinance of Hong Kong,
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Bügar.
HONG KONG TRADE IN WOOL
Germany heads the list of coun tries exporting wool to Hong Kong while England and America come next. German wool is regarded as best in quality and cheapest. Japanese wool has been imported in large quantities, but it is dear and poor in quality, A well- known local merchant told our re- presentative that the wool trade during the past year has showed a slightly improvement and fair pro- fits have been made by the majority of merchaats. Owing to the keen demand by the local woollen manu- facturers supplies are short and recently the prices have increased by 50 cents per pound.
Present quotations for wool are
as follow:
Large Bee.
Bee Hive
Giant
Per lb.
5.45
4.40
3.34
City of Gold.....
3.48.
Tin Koon...
3.05
Lai Wo Star Brand
3.95
Tower Brand
2.80
Double Fowl
3.10
Shepherd
2.90
No. 1 Star Brand
3.05
No. 2 Star. Brand
2.64
CANTON COTTON YARN
MARKET.
ad
yarn market prices dropped 83 per picul.
Quotations for cotton yarn on the 6th instant, in Canton market were as follows:-
Per
No. 42 Five Sons
Fui. Hec
Dog's Head
Oll Ground Nut Oil:-...
Fangchi
Tientsin
Dairen
Honan Kwangsi. Wood Beas
on an offensive trade.
A reply has now been, received from the Sanitary Department in which it was stated that if dealers would take out a necessary license under the Offensive Trade Ordin- ance, and comply with the regula tions, and if they could prove" to the satisfaction of the Medien Officer of Health that there was no fet infestation, they would be allow ed to carry on their business.
Our representative interviewed several Chinese dealers yesterday, "and found that they were unani- mous in their views. They said that business would be impossible under the terms of the license. Although the Sanitary Authorities might con- Picul sider that they had made conces Taels.
sions the terms still amounted to 25.63
prohibition of the trade. 25.00 27.00 93.90
müş... 27.00 $6.70
CHINA'S COTTON
INDUSTRY.
JAPANESE APPREHENSIONS.
futuro delivery.
The prospect of directly placing German shares on New York is optimistic. A recent North German Lloyds stock deal reflects American interest in German stacks.
While the majority of, German” industrial stocks, including rayon, shipbuilding, iron, sugET and chemicals, show a decline since the Bourse boom in 1997, bank and potash stocks are higher.
HONG KONG STOCK
EXCHANGE.
CLOSING QUOTATIONS.
JANUARY 7TH, 1929.
...$1.330 buy. London...£116 nom,
Chartered Banks...fat buy. Marcantile Banks, A. &E...233 nom.
Do.,
0.214 nom,
It is understood that the mer- chants concerned will take the matter up again with the Chinese General Chamber of Commerce to-day. The business in ducks P. & O. Banks ***... nom. feathers amounted to about $4,000,000 East Bris Backe 186 day. a year, the commodity being import Canton Insurances 665 bay, 870 s. ed from the interior of China and North China Ins.........
Insurances Usion
....... 1365 com.
TL. 160 buy. exported to America and Europe.
Tangtasa Ingrandes....... 350 nom. It will be interesting to see if Chiza. Underwriters 20 sel exemption. The Ordinance of 1903 Hong Kong Fire Ins... 750 nom the merchants concerned can claim China Fire Inrarances....$200 buy. clearly stated that feather-storing Douglasen
H.K. Tags ................ Indo-Chinn
Very pessimistic views are held and feather-cleaning." are offensive H.K. Stammboat about the future of Japan's cotton | trades. yarn trade with Chine and the Dutch East Indies.
The One TRADE IN GREAT BRITAIN. Mainichi say the rapid develop ment of Chinese mills in retard- ing the development of Japanese spinners in those epuntries.
China is now almost a self-fur- nishing country in coarse count yarn and cloth woven with coarse yarn, causing Japan's yarn export
SMALL DROP IN EXPORTS
to China to become more inactive. bar
export..
AND INCREASE IN..
IMPORTS
*
Do. (DaL)
DOM.
29 sal.
$16, bur. bay.
Shell Transporta ...116+ ex
ex div. nom. Union W sterbosta.....$25) bay., 241 sa.
****** buy.
Mining Admin....70/- bay, Lang kata (combined)......Tl. 10, nom.
Do. (ingle).... ..Tix. 53 nom. hat. Explorations .......
8%
(new)...
172.
17/8 nota $154 al.
DOM
bus. 354 bay. „T. 158 buy..
Tis, 105 non..
„Tim. 5g nom.
T. 19.10.
Tha. 654 buy.
zom
According to the Board of Trade Shanghai Loans.....Ta. 3 bay. returns, British imports for Novem-Baube
were valued at £106,855,875,
Aronoh Ming What is worse for the Japanese which compares with £102,645,301 K & K Wharfs... spinners, the Chinese spinners are for the "preceding month, and E.K. & W. Docks
China Previdents ........ shipping their manufactures to £107,138,713 for the corresponding
Hongew Hong Kong and. Dutch East Indies. month of the previous year. Ex
New Engineerings A cable from Shanghai stated These circumstances have urged ports of United Kingdom gords Shanghai Doaks that prices for cotton yarn
were valued at £83,768,302, or
Ewo Cotions... 20 Japanese spinners to devote their
Oriental Cottoshën vanced by one tacl a picul on the efforts to manufacturing cotton £546,131 less than in October. The 6th instant. At Canton the cotton cloths, instead of making an endea- corresponding figure for November, Bhai. Cottons (old).
Do, was very quiet and your to increase the cotton, yaralargest total for any month for B.K. &8. Hetals...
1897, was £70,809,651, which was the
Tl. 32 buy. $9) Bel several years past. Re-exports dar H.K. and
..2632 buy. Landa ...... Japan, which had hitherto ranked £10,833,086, against £6,865,364 in
The export of cotton yarn froming November were valued at Shanghai Land ...... Tha. 165 bay.
Humphreys Estate...$14.80 buy. first on the export list, tended to October, and £10,336,805 in the pre- HE. Realti decline a few years ago, while the vicus November. The value of total H.K. Tramway...$20.65 bay, 20.80 sel. demand for Japanese cotton cloth exports was the highest for any
Peak Traze (ald).........813 vel.
Bo. is increasing. The demand for grey
(LOW).... $3,20 nom. month since March, though the cloth is decreasing, but bleached excess of imports over exports was
Star Ferries
buy. China Lights
$12 BOT cloth, jeans, and other prepared also the highest since that month. cloths are demanded more keenly for the first eleven months of this B.K. Electrics (ald)..... 55° sel.
Do, (wow) than ever. It is expected that in year, however, the adverse balance
351 bay. future the world taste will change is some £29,370,000 less than for the Macao Electrics $16 bay
Talephones = (old) from the pure cotton cloths to cotton corresponding period of 1027.
Do (Dew) **
65 bay cloths mixed with rayon, wool and
China Busta ... 116 113 bay. other fibres. The demand for cotton
Bingapors Trasticas.....12/. nom. yarn is also changing to fine count
Do (Pruf.)...17/6 bay, 18/3 sol. yarn over 40s and gas yarn from
Sandakan Lights
5 nom. Chins Sug 1231 buy,
180 eis. nom. Malaban Bugara ----- Canton Icos
33 nom
Do.. (old) 7,80 som
નાના પણ મ (new)..... buy. Do, H.K. Roper (old). 87.60 nom.
Do (18) $7.35 vol. United Asbestos ..................$5 Dom. Dairy Farm... $211 buy. Watsons............
$13.20 nom. 80 eta buy-
Butterfly
No. 32 Pine Deer
Bale.
3554
320 504
478
Tin Koon
474
- Sheung Hee
478
No. 20 City of Gold,
324
Globe
319
Good Harvest
324
Double Horse ........
370
Tin Koon...
318
Double Elephant.
310
307
Man Clock
314
Shepherd
Three Stars
No. 18 Globe
Fui Kwai
No. 12 City of Gold
305 309 297 295 285
Tramenr
Peacock
Fui Kwai
Tramcar
Aeroplane
Pretty Damsel
No. 10 Sailing Vessel
course .count yaro.
1922 Export Highest On Record. The Japanese cotton yarn market witnessed its busiest, year in 1922, when 304,000 bales of yarn were shipped, the highest on
record. Since then exports have tended to drop rapidly as shown in the follow. ing table:
1919
1920
Peacock
1021
City of Gold
1822
Lotus Bee
1923
Fui. Kwai
· 259
1024
No. & Lion
208
1925
Hut How
205
1928
1997
1928
CANTON STOCK EXCHANGE,
ห
Bales
230,333
- 304,825
292,260
394,002
249,321
270,369
310,801
203,550
115,285
83,870
The returns show the usual sea- sonal changes as compared with the October #gures, though the normal deeline in exports of manufactured goods was not very pronounced. Compared with the previous Novem- ber, however, there were heavy de- clines in all the more important exports, especially in cotton and woollen goods. Exports of coal and of-iron and steel were slightly larger in volume than in November, 1927, though the values were lower.
163 bay.
Cements (combined)......$10.05 bay.
AMERICAN LOANS ABROAD. Der A Wings
ENORMOUS FIGURES.
According to Dr. Max Winkler, vice-president of the Bretren Gris com Co., the United States hos advanced more than $28,000,000,000
Mackintos$20 nom. 891 bay.
Wm. Powells H.K. Amusementa
B.B. Constructions el nom, 'que. Indas, G. Bonals... 68% bay H. Gort. Loans prem, sel."
to foreign nations, while United buy-bays; sal-sellers; sa, -salves
(The figures for 1928 do not in States loans abroad are continuing clude December exports.)
LATEST QUOTATIONS. -
ན་।
January 6th.
Water Works
Electric Power Co.....
Canton Hanków Railways
83.90 3.10 0.50
INDIAN COTTON STATIS
TICS.
The Sun Company.
8.80
Sincere Co.
banii
9.50
Nanyang Brok.. Tob. Co. .....
4.80
Canton Tramwaya
2.20
China Merchants 8.8. Nav.
Co
8.80
Central Bank
4.80
CANTON KEROSENE OIL.
CLOSING QUOTATIONS.
January 6th.
Per Case.
ASAH
New Star,
New Balance.
$7.70 7.50
New Hang Fuck
7.30
New Eagle
7.10
New Sheung Hee
7.20
New Daybreak
7.20
Sole Agents:
MITSUI BUSSAN KAISHA LTD.
HÙNG HONG
INCREASED EXPORT OF
YARN.
According to the Bombay Raw Cotton Exchange, the arrivals of raw cotton on the Bombay market. for the week of December 20th totalled 111,000 bales, compared with 105,000 bales a week before. The export for the week amounted to 41,000 bales, as against 57,000 bales the previous week. The ma jority of the export figure was for Europe, and there was no export to Japan.
The stock of cotton on December 20th totalled 778,000 bales, against 751,000 bales a week pre -viously.
to increase at the annual rate of about 82,000,000,000, which is equi- valent to about $17 per capita.
Dr. Winkler. says this figure can- not be considered alarmingly large because America's national wealth
nam—nominal.
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INSURE
YOUR
MOTOR
CARS
WITH
GILMAN'S
‘OCEAN' COMPREHENSIVE. POLICY,
THERE'S A LONG, LONG TAILA
of
(108
Bugs, Ficas, Flies, Beetles, Mosquitoes,
etc.
all killed by
KEATING'S
IRRITARR
MADE
EXCHANGE RATES.
[BEITIAN WIRELESS SERVICE?
Paris New York
Brussels
Geneva
Amsterdam .... Milan....
Berlin..... Stockholm
Copenhagen
Oslo
Vienna Prague Helsingfors
Madrid
Lisbon
Athens
Bucharest
Rio
Buenos Aires Bombay
Shanghai Hong Kong
Yokohama
RUGBY, Jan. 8th.
Silver (spot) ...
Silver (forward)
WURM'S
124.09
4.95 3/16
34.89
55.19
12.07 11/18
92.83
90.381
18.13
18.176
18.194
34.405
143 13/16
1921
29.73
108
375
BOB!
3 29/32
471
1/0 1/32 2/7.
Holiday.
198
26 7/16
aggregates about $3,300 per capita. STOMACH DOCTOR
incomo being $750, ap- nual savings 8167, annual trade 8100 and ammual government re- venus $33.
The investments made by the United States abroad during the past decade and a half correspond almost exactly to the aggregate excess of American exports over imports for the same period. In other words, if America had not inverted abroad Americs might not have been able to dispose of her sur plus production, nor would the rest of the world have been able to pay such surplus. The foreign loans, therefore, have benefited not only the borrowers, but the lenders as well.
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