Page

2

A REAL DRINK

"BOAR'S HEAD BRAND

GUINNESS'S

FOREIGN

Extra

THE HONG KONG DAILY PRESS, TUESDAY, JANUARY 22nd, 1929.

Money and Markets

HONG KONG MARKET

REPORTS.

Quotations at yesterday's local market for rice sugar and other foodstus were as follows!—...

Per

Picul.

Rica,

""

Green Sam Wong

87.76

Red Seal White

8.49

Red Pearl White Brewer

6.52

Red Seal No. 3 White

Green Seal Glutinous

Red Sen! Glutinous............

7.35

6.84 7.72 1.50

Red Seal Brewer Glutinous 0.56 Blue Grapes White

8.11

Blue Seal Brewer Glutinous 8.82 Green Grapes White

9.37

No.1 White Broken

5,95

Double Line White Glutinous

812

Sugar.

No. 18 coarse powdered No. 90 coarse powdered No. 24 coarse powdered Manila Green...

$7.45 7.70 7.78 5.83

Miscellaneous.

Tea Seed Oil Red Melon Seeds

Hong Kong

STOUT

A WORLD-WIDE REPUTATION

SOLE AGENTS:

GANDE, PRICE & CO., LTD.,

ST. GEORGE'S BUILDING, ICE HOUSE STREET.

Tel. Central No. 135..

GAME

A Fresh Shipment Just Received.

COCK PHEASANT

White Grapes..." Black Beans Greet Beans

Per

Fioul

է:

HONG KONG AND TOBACCO,-!

THE MANUFACTURE AND

EXPORT OF CIGARS.

£1,200,000,000 U.S. INSTALMENT TRADE.

CREDIT SYSTEM FOR THE

*** LITTLE MAN”

MASS BUYING.

New York, December 27th:-The

HONG KONG STOCK · EXCHANGE.

CLOSING QUOTATIONS.

A.K. Bank..............$1.05

L

JANUARY 21, 1929.

Do Loaded...18 nom. Chartered Banka Mersatile Banks, A. &B...£4 nom.

Do

C...e141 nom. P. & O. Baks.......£) nom East Banku

Aria

9 buy, Danton Insurances ... 630 boy, Union Insurances 1.

·Dow

$370 buy North China Ins Tia 150 buy. Yangtans Insurances....... nom. Chin Underwriters....220 bay. China Fire Insurance.... Hong Hong Kong Fire Ins....

amount aggregate

of business done in the United States under. the instalment system 15 The importing of tobacco and the £1,200,000,000 a year, according to Sporting of cigars constitute an Mr. Howard L. Wynegar, presi important phase of Hong Kong dent of the Commercial Credit industrial Leaf tobacco, Corporation, one of the largest of financial instalment institutions in ed in bags, to the value $4,000,000- comes into the Colony | the country. every year from Manila, Nachung, and Yunnan.”

"Thirty per cent of this sum," The choicest cigar tobacco comes said Mr. Wynegar in an interview, is represented by down' pay- from Nanhang. From this product

ments, while deferred payments of are made the best and most expen-the balance usually extend over sive Colonial cigars which are tran shipped to Europe. Although vast quantities of leaf are imported from Junnan and Manila, the Nan

ung tobacco and the most ready sale and, strange to say is very little dearer than the inferior leaf The present market price of best grade Naahung tobacco is $80 per picul

our

A local importer informed Per

representative that the cigar indus. Piculty bas increased by 50 per cent. 802.30 since 1927 and fair profits have

1978.50 been realised by the majority of 35.00

merchants. Some of the inferior 6.80

leaf is subjected to a spraying 9.10

operation and is re-exported to France and Belgium where it is in great demand for the manufacture of caporal cigarettes. Over 20,000 bags of this type of tobacco was exported last year as against 10,000 in 1997.

CANTON COTTON YARN.

MARKET REPORTS. CLOSING QUOTATIONS.

City of Gold Lotus Bee

Peacock

1234

244

934 273.

CANTON, Jan. 20th.

No. 10 Sailing Vessel

Por Bale. 2234

$1.50 EACH

No. 10 Fui Kwai

HEN

$1.10

City of Gold

277

97

Dug Lee

SNIPE

.35

No. 20 Good Harvest ...

274 314

Nz Fook......

£293

PIGEON

.40

City of Gold

Man Clock

324 311

TEAL DUCK

440

:50

Globe

320

Shepherd

301

WILD DUCK

$1.00

No. 18 Fui Kwai

290

Globe

801

No. 32 Pine" Deer

470

Double Horse

452

Tin Koon

463

No. 49 Fui Hee

Butterfly

$28

536 50+

200

SAME HIGH QUALITY,

THE DAIRY FARM, ICE & COLD STORAGE CO., LTD.

No. 8 Lion

Lion No. 2

CANTON MARKET REPORTS Quotations at Sunday's market for rice, sugar, flour and oil were

As Follows:

Red Pearl Green Seal

Bice

Per Picul $10.90

10.70

Black Dragon

10.84

Blue Anchor

10.50

Green Elephant

0.75

Green Seal Old

Green Lion

Red Lion

Fleurs A Colonies of dau. erms befora dipe fection with Forme. amint

The same glate after disinfec:lon With Forma mink All arms a de stroyed.

The Dust Peril

With the dust you inhale millions of dangerous germs, which can be. the cause of many diseases.

Take a Forzamint-tablet whenever you are in dusty places. Formamint will destroy the germs in mouth and throat, cure the soreness and prevent infectious diseases such as Influenza, Tonsilitis, Scarlet Fever etc.

Keep your mouth clean and your breath sweet.

FORMAMINT

The Germ-Killing Throat Tablet.

At all Chemists and Store.

Blue Lion

Three Marks Chai Mee

See Chim Blue Seal

ASAHI BEER

Invigorating & refreshing.

9.95 9.80 3:66 10.00 0.50 11.23 10,50 6.48 Per

W15

The cigar manufacturing industry commenced in Hong Kong about ten years ago. For some years Canton manufactured over twenty times more cigars each year than the Hong Kong, manu facturers could turn out working at high pressure. The civil war, how. ever, gave a fillip to the Colony's trade with the result that the big ger Cantonese merchants shifted their plant to Hong Kong and join ed forces with local merchants. The value of the annual output of these concerns, which are mainly Chinese, totalled 81,500,000 last year.

LITHUANIA'S ECONOMIC

CRISIS.

DUE TO FAILURE OF CROPS.

371 B

DOM.

Dougies 38 nom.

Steamboata

H.K. Tug Indo-Chinna (Prof.)

Do

-

..$1.40 com:

$30 bay. $90 no

(Del.) Shell Transports.... 11. nom. Union Waterboat.......... toy. Bangueta

10 say.

from eight to twelve months.

"Approximately tan per cent, of

Kailan Mining Adwin........71/- buy. the purchasers, however, complete Langkata (combined)......Tis. 1 if bay,"

Dio. (raglo) Tull

Tis 6 the payments before their

S'hat, Explorations Tim. 4.93 bay. time, and therefore at any Shanghai Loans

Th: 3.10 buy, period little more than £100,000,000 Baube

351 com is tied up by the instalment system. Troach Minas

**17/6 note That means that we are able to

$19 buy, france £1,200,000,000 of instalment

$40 bay, 1 sel. bagi yearly with a little more

$5 bay,, 5.20 sel.

T. 184 bay. than £400,000,000.

St nom.

H.K. & K. Wharfa... B.E. & W. Docky China Providents Bongbow! New Engineering

Dooki Shanghai

Cottons. Oriental Cottons.

E

Ths. 106 buy

„TU, 19.1 › fai.'

T. 2.20 sel.

Wrong Predictions. "There were numerous pessimis tie predictions that this form of credit buying would end disas trously when the system began to develop before the great war, but experience has proved them to be K. Lands wholly wrong. Our losses have......$14.80-buf.

been less than three-quarters of one.

per cent.

scurces.

hai. Cottons (old)......Tha. 65 bay.

Do. (a)...... Tix. S buy. B.K.&S. Hotala...

Lands

12t sel.

$65

Tix. 165 buy..

ELA. Realios n ..$9.33 bay.

.120

buy., 20 sel

DOL. „$8,30 komt,

Star Ohins Lighta

Do.

$12

$734 DO

2 buy., 121 sel."

..154 buy, & n.

"The mistake made by pessimista EK. Tramways.

(new). was in considering that the only Peak Trams (old)..... persons entitled to credit were those able to present formal balance sheets and having large re-

We have shown that K. Electrics (old).......

** (new) ......152) buy. theory to be unsound. We have Macao Electrics shown that any man of good Sandakan Lights character with a moral reputation, Telephones(old) a steady job, and a capacity to work is as much entitled to receive credit proportionate to his capacity for output "aa 13 millionaire.

multi-

"Our experience demonstrates that granting credit to persons with moderate incomes, with their characters as ultimate security. stimulates their economic self- respect and thrift, and increases their pacity for production.

+

They learn to manage their in- comes much better, than formerly, sad acquire a knowledge of budget. ing and other details of Snancial. balancing which give them widened monetary outlook, all help (U.P.)ing to elevate standards of living

Motor-Car Market, "Take one instance. Our largest

Kovno, Lithuania Lithuania is in the throes of a severe economie crisis, caused by

serious crop failures this year.

The harvest of cereals and feed single field of instalment buying is grains has been so poor that the motor-car market, Americans children and adults alike are faced bought last year approximately 6,500,000 new and used motor with starvation, in several sections

vehicles. About half were bought of the country, while the farmers, lacking feed, are compelled to sell on instalment. Many persons with

amall incomes buring cars their cattle at absurd prices virtual-credit formerly lived in city aluma. ly to the first best customer.

01

The government has granted a They are able, with a motor-car, to 10,000,000 litas credit to relieve the move into the suburbs, and travel most pressing distress among the work in their motor-cars, lead- ing more wholesome, cleaner, and ngrarian population, but this

more stimulating lives as subur-" amount is generally recognized as wholly inadequate to cope with the banites than formerly as slum dwellers, while the decreased rent growing misery. It is estimated in the long run more than pays for that 25,000,000 litas would scarcely their motor-cars. suffice admiz ister first aid to the famine-menaced districts.

"Take also the person in a small business using machinery, such as The agricultural crisia has been laundryman. He can use the extended to the nation's trade and instalment system, replacing out- commerce. Owing to the peasants'

worn or antiquated machines with inability to meet notes now fallingmodern units, and, by the result-1 due, numerous trading firms haveing increased efficiency, pay his been forced to cease payments and instalments and have a handsome are on the verge of bankruptcy, additional profit. We are finding Foreign credits to Lithuanian meran expanding field in this direc- chants have consequently tightened. tion.

Proprietors of plants who The business of Kovno banks is desire to keep pace constantly with stagnant, and the marketing of improved machines can do so by town products among the farmers instalment buying without disturb has slumped in view of the ing their liquid capital or making peasants' impoverishment. The bond issues These credits extend tax authorities have agreed to pro- from two and a half to four years,

Sugar.

Picul.

Taels.

No. 2 coarse powdered ........ No. 3 coarse powdered.

8.30

7.80

No. 20 coarse powdered

No.1 Granulated

8.00 11.00

No. 1 Fine Granulated Refine White ......

11.50

.0.30

Per

Flour.

Man-of-War

Bag. 84.05

Silver Seal

4.15

Banana

4.10

Cheung Luk

4.10

Maize

4.25

long the period of tax-payments

Sword of Kwantai

4.90

for the peasants, but have refused

Canzon

4.80

to grant similar privileges to trade

Cabbage

4.40

Tai Kut

4.42

Five Swallows

4.41

Per

Oil."

Pícul

Taels.

24,90

2.4.60

24.50

24.50

اکرام

Groundnut :-

Fang Chi Min How

Honan ..... Tientsin

Bairen Kwongsi Wood Kwangsi Tez Seed

27.00

29.20

.."

Smail Dealers,

Our system is to extend credits

and industry. Impartial observers to small dealers, who make them- characterize the economic situation

as grave.

PERAK RIVER POWER,

DEVELOPMENT OF ELECTRIC PLANT.

selves responsible for the solvency of persons parchasing their goods, Thousands of small dealers throughout America engage in these transactions with negligible

losses.

..1:64 buy.

1 под

7 bay. ‚$6.00

bay. Ts 11 bus. num.

12/3 sel.

Do. (new) China Buses Singapore Traationa......17/

Dr. (Pre£.)...17/5 by

Do.

China Sugare Malabon Bugar .....$219 buy. Canton Ices

134 nom Cements (combined).810.15 sel. Do. (old)....$7.50 ROM.

(new)....1 buy HK. Eeper (oid).$6.90 bay, 7.10 sa.

Do.

(now)$6.85 bay. United Asbestos $5. $91 el. Dairy Farms............... Wataona

19.20 ul. 80 cu, bay. Der & Wings.

Crawfordia.

13.00 Bum Mackintosh Wm. Fowells

Lane

Bincerest

bay

120 nom. 19) bay. $3.85

42

HK. Amusements $97į sel. H.K. Construction ....$1) com. B'que. Indus. G.Bonds...68% bay. B. Qort, Losas.5% prem, sel. buy-buyers sol-ellers 22-les;

Dom.-Domina!

EXCHANGE RATES.

[BRITISH WIRELESS SERVICE)

RUGBY, Jan. 20th.

Paris New York Brussels Седета Amsterdam Milan' Berlin

124.00) 4.84 31/32

25.22

34.901

12.001

92.68

20.32

Stockholm Copenhagen Oslo

18.141

18,181

18.10)

34.59

1832

Helsingfors Madrid Lisbon

1921

29.60

110

375

506

Vienna" Prague

Athens

Bucharest

Rio Buenos Aires Bombay Shanghai Hong Kong

Yokohama Silver (spot) Silver (forward)

3 29/32"

47 13/32

1/8 1/32

2/61

2/

1/10 27/32

28 3/16

11 5/16

TO-DAY'S WIRELESS

PROGRAMME.

BROADCAST BY GO.W. ON 330 METRES.

1.48 .m.-Weather report. 5.30-4.30 p.m.~ "Demonstration. programme.

7.49 p..-Evening weather re-

Our method also requires that instalment payments must keep pace with the deterioration of the Not merely in application to min commodity purchased, and thus any Most ing and manufactures, but to in loss is adequately covered. teraal transport and irrigation," instalment credits in America are part..

8 p.m. Evening programme 28.70 electricity, obtained by harnessing provided by financial institutions

rivers and streams, holds the pro- specializing in this business, but (H.M.V, and Victor records).

10 p.m.-News bulletin. mise of an as yet barely imagined increasing numbers of banks in the revolution in conditions, and this smaller cities throughout the cous-, 10.30 pmClone down. promise, says the China Express, is try are beginning to enter the field particularly evident in the case of by opening

instalment depart-

CANTON STOCK EXCHANGE.

LATEST QUOTATIONS.

the Perak River. Hydro Electriements. CANTON, Jan. 20th,

Power Co., which has just held its

Water Works ....

.....$3.95

..... 5.00

It is a sound banking principle

annual meeting and listened to to recognise self-respect, sobriety, DON'T LEAVE HONG KONG 0.50glowing statement of prospects by and

industrial competence

of

Give

its Chairman, Viscount Elibank. workers paid weekly wages.

As a new enterprise in Malaya, a man a title to his share of any the company is still in process of nation's credit, for he contributes development, but already the achiz proportionate part to the cepted applications power nation's wealth as fully as do in- equal an annual output of,80 mil dustrial and moneyed leaders." lion units of electricity, and that,

Electric Power Co.

Canton-Hankow Railways...

The Sun Company

7.10

Bincere Company ...

9.70

Nanyang Bros. Tob. Co........ China Merchant 8.S. Nav.

4.20

Company

8.20

Central Bank

4.50

Cantón Tramways

70

it is clear, is only the beginning.

The steam operated generating

·CANTON KEROSENE OIL. LATEST QUOTATIONS."

for

de-

without giving an

Order for the

Weekly Prest to

be sent to your Address for

station was put into operation accepted to date represent nearly a year earlier than was an mand of roughly 13,000 kw.. If in- ticipated, and might have beenquiries which have been made be THREE MONTHS working earlier still but for the come definite contracts this output SIX MONTHS fact that it was considered prudent will be more than doubled, and

to run no risk whatever of inter given a continuance of the activity TWELVE MONTHS Case. ruption of supply when once start in the tin industry, the output

87.70ed, especially in country where from the whole plant should be sold

CANTON, Jan. 20th.

Fer

ASAH!

Comet Brand

New Balance Hang Fak

7,60

7.20

Eagle Bran

7.10

Cheung Hi Day Bren

Sole Agents:-

MITSUI BUSSAN KAISHA LTD.

TONG KONG

Cuticura

R. For skin Cruptions" Riso Guticura Ointment

And Have a Clear Skin Gently anoint the affected part with Cuticura Ointment. Wash off in five minutes with Cuticura Soap and hot water and continue bathing for some minutes. Pim- ples, eczemas, rashes, itchings. and irritations are quickly re- lieved and healed by this treat- ment Cuticura Talcum is fra grant and refreshing, an ideal toilet powder.

Sample each Soap, Ointment and Talcum free upon request, freen Dayton Price k Company, Li, P. O. Bax 650, Shanghai, Said Throughout the World,

STAR

THEATRE.

FOR A SHORT SEASON

TO-NIGHT

At 9.15 p.m.

FRED COYNE'S

MUSICAL COMEDY

COMPANY

TO-NIGHT ONLY

TO-MORROW &THURSDAY FEI. &

SAT.

"KLEP MOVING

"BLUE BIRDS" "ON THE ROAD"

PRICES:-83, 2 & 1. Booking at Moutrie's

and Theatre

TO-NIGHT 9.15 TO-NIGHT

THEATRE ROYAL

ONE MORE GLORIOUS CONCERT BY THE INCOMPARABLE ARTIST

HEUGHAN

AND HIS BRILLIANT ASSOCIATES

POSITIVELY LAST

APPEARANCE.

ALL MUST HEAR AND SEE. THIS AMAZING ACTOR-BINGER

BOOK PLAN AT MOUTRIE'S. PRICES-REALEVED: $4 AND $3, UxZESLEYAD: 82 x 81.

INSURE

YOUR

MOTOR CARS

WITH

GILMAN'S

‘OCEAN' COMPREHENSIVE POLICY.

THERE'S A LONG, LONG TRAIL

of

[160

Bugs, Fleas, Flies, Beetles, Mosquitoes,

etc.,

$3.75

all killed by

$7,50

$15,00

KEATING'S

there might be a little apprehen- earlier than at first anticipated.1, Ice House Street.

sion of new methods. The steam The Board is alive to the necessity

station is of a capacity of 18,000 of considering what the next step

-7.20-; kw.," and "applications for power may be to increase the plant fur-

PILIZZAJ

MADM

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