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