Page
A REAL DRINK
HEAD BRAND
"BOAR'S
GUINNESS'S
FOREIGN EXTRA
STOUT
A WORLD-WIDE REPUTATION
SOLE AGENTS:
PRICE & CO.,
ST. GEORGE'S BUILDING, ICE HOUSE STREET:-
GANDE,
Tel. Central No. 135.
Have a glass of
ASAHI BEER
it cheers & invigorates
Sole Agents:-
THE HONG KONG DAILY PRESS, WEDNESDAY, JANUARY 30th, 1929.
Money and Markets
HONG KONG MARKET REPORTS.
Quotations at yesterday's loc market for rice, sugar and other foodstuffs were as follows:-
Rice,"
Per
Picul.
Green Sailing Boat
87.17
Green O. Tau
7.28
Bed San
Green Star
7,08
7.72
7248. 9.77 8.75
Green Fan
Red Seal
Red Seal
Green Seat White
THE CHINESE TARIFF.
NO POSTPONEMENT OF OPERATION.
Mention was made last week of
BUSINESS CONDITION IN JAPAN.
NOTED BANKER'S WARNING.
Mr. Hisashi Hyodo, Executive
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
JANUARY 9TH, 1929.
Director of the Yasuda Bank, in | B. K. Brok........$1,340 bay. 1,350 sal
20
Den k interview with the Mainichi, intimated measures which the Japanese bankers should take to cope with the business situation, He thinks that unfavourable con-
statement in the vernacular Pressditions will continue, and that the to the effect that the date of en- stabilisation of the financial world forcement of the new Chinese Cus of Japan' cannot be expected with- toms tariff had been postponed out the removal of the gold export
bai.. from February 1st to March 15th,
We are informed by the Secre tary of the Hong Kong General Chamber of Commerce that, a mes sage has been received from the British Chamber of Commerce, 5.73 Shanghai, as follows:- The Minis ter of Finance says that the new tari will be affective, as
from February 1st."
6,50
Green Seal No. 3
Red Saal Brewer
Red Seal No. 1 Broken
Red Seal Broken ------ Green Seal No. 2.Broken
5.95 5.80
Sugar,
Per
Picul.
No. 20 coarse powdered
$7.53
LTD.,
No. 4 coarse powdered No. 19" coarse powdered.......
Miscellaneous.
7.84
Ten Seed Oik
Hong Kong.
Black Bean ...... Black Melon Seeds Red Melon Seeds St. Francisco Grapes:
$22.30 30
MITSUI BUSSAN KAISHA LTD.
HONG KONG.
TESTIFIES ABOUT THE GREAT BENEFITS OF POO ON
UNDER OATH ON THE WITNESS STAND.
7.48
13.50 26.00 14.00
CANTON MARKET REPORTS.
CLOSING QUOTATIONS.
Green Bird Green Seal,
Chai Mi
Sai Shim
See Mui
CANTON, Jan. 23th. Bice;
- Per Pical. 39.33 9.33 11.10
10.40
10.65
Red Pear!
6.50
Red Seal
6.35
Green Pearl
€48
Black Seal
4.32
Green Seal Brewer
·8.00
Red Seal Brewer...
6.26
6.30
Per
Black Seal Brewer
Sugar.
RUBBER.
CONFIDENCE AND PRICES FIRM
Mesars. Pentreath & Co. have handed us the following letter from Messrs. Hornby, Hemelryk & Co., Liverpool, of January 3rd:-
nom...
Do., London...£14?i nom. Chartered Bank buy. Marcantile Banks, A. &B. £91) nom.
Do.. P.&O. Banka poucos 599 Q East Ads Banks ....199 boy. Canton Insuranc
***** 690 val. & $683 DUJ..
$368 buy, 971 ms), Tl. 160 bny. M..$50 DUM.
Union Insurances.. North China Ins. ... Tangleze Insurance China Underwriters w... nom. China Fire Insurancee.....480 buy. Hong Kong Fire La.... 8785 cm.
$36 bay. 57 sol. "The business, depression of Douglass .......
$25.90 sol, STA. Steamboata Japan is now almost at the bottom EK Tag......$1.40 nom.
Do, and business is bound to boomIndo-Chinas (Prof.) 50 y
(Del.).$90 pcm, Туапарата
.97/6 nom. sooner or later," said Mr. Hyodo, Shell Trs
Da
(LOW). but the present unfavourable eon-
Unico Waterbost.com.
$2.40 bay. Benguet ditions will last for some time yet.
Kailan Mining Admin....89/7 nor. Langkala (combined)...... The 712 buy.
(singls) Tis. 6 nom s'ha Explorations is 3.10 bay Bhanghai Loans Tla Baube****
$51 nom. Tranch
17/6 now. ..$181) buy. H.K. & K. Wharf.. EX, & W. Dock.........$404 2002. China Providents...$5.05 | 1.20 arl Hongkows Nav Engineerings.Tim. 5t nom.
Ewo Cottons.saponins per
Tle. 12,90 sei. Shanghai Dooks....... Tis, 108 buy, Oriental Cottons.........
THE 2
2 noth.
Some big manufacturing com panics have completed their finan. cial readjustment, but many small manufacturers are unable to carry ous their readjustment. As a res sult, they are lacking in aggresive power. Farmers have been greatly affected by the continued deprecia- tion of their products. In addition, the improvement of their products by artificial means was not success- ful. These farmers naturally have little consuming power.
Depression Throughout Country.
Thus business depression is felt
|
་་་་
118.
8 hai. Gotions (old)...... Tls, 63, noxu.
Do, (new)......T. 32 som. H.K. & S. Hatal: $ buy, 920 sel., 9.10 sa. H.K. Landa
$63 nom. Bhanghai date 15
Lands ..................... Tiz. 163'bay.
buy. throughout the country. The un-
EK. Beales ***
$8, bay. easiness in the political world pre-HK Tramway... $20.60 buy,
PAE Trams (oid)
Do...
The London market has been very inactive, the absence of demand causing a holiday feeling earlier than usual, but on the 99th and 31st zit, there was a little more activity, with some enquiry from the trade, which induced short covering. Thevents the stabilisation of the finan undertone remains quite good, and cial world, and the long outstand- we look for increased activity. ing questions between China and It is rather remarkable that the Japan affect the promotion of the large shipments from the East Sino-Japanese trade to 4 great during November have resulted in such comparatively small increases extant. in the London stocks during the The political uneasiness past few weeks. The explanation the Sino-Japanese questions may be of this must be that a large quan-
and
tity of rubber, which was shipped solved this rear, but it will take on Optional" Bills of Lading, some time to bring about the favour. has been sold direct to the Conable effect of the stabilisation of tinent or to America and transship ped to those markets. This is signi. Picul ficant in so far that it means that Taols manufacturers' stocks are reduced te a very low level, and it looks as though surplus shipments will be passing into strong hands.
No. 9 coarse powdered
No. 3 coarse powdered
"8.30 1.50
No. 90 coarse powdered
8.00
No. 1 Gradulated
10.40
No. 2 Fine Granulated Refine White
10.80
Wai Chow Candy
8.80 9.50 Per
Four.
Bag.
Man-of-War...
$4.10
Five Swallows ........
4.41
Dog's Head
4.59
Silver Seal
4.10
Sword of Kwantai
4.20
Haize
4.25
Саппод
Barana
was
after having the stricked with For three weeks be
Cabbage Cheung Lok
OII.
*4.70 4,03 4.0 4.10. Par Picul. Taels. 24.73.
24.40
24.60
24.34 28.00 19:20
MODESTO WOMAN TELLS ABOUT THE HELP SHE GOT FROM POO ON CHINESE HERBS IN THE JUSTICE'S COURT OF MODESTO, CALIF., U.S.A.
Groundnut:- Fanchi Minhow
Hoaan Tientsin.
Kwangsi Wood..... Kwangsi Tea Soed........
Mr H. L. Perry, residing at Shortly 1023, Washington Street, on the measles he witness stand in the Justice's Court pneumonia Modesto township, County of coughed continually and laid in a Stanislaus, State of California, stupor most of the time, A local "testified some time ago as to the doctor, after trying to help the boy great benefits of the Poo Chinese during this time, told us that if Herbs. Sworn under oath to tell the child was to recover it would the truth and nothing but she be necessary to operate upon his truth" Mrs. Ferry stated that she lungs and have the puss drained had been suffering from nervous in-off. My husband and I did not digestion for several years and had know what to do. The child was been to many doctors, but none in a deplorable condition and had were able to help her. Through lost so much weight that you lady friend she heard of Poo On wouldn't recognise him. We could Chinese Herbs and decided to con-not see how he could undergo au operation in the condition that he Bult the Herbalist.
was io: We had really given up all hopes for him and many of the neighbours gave up hope of his re covery. Knowing what the Poo On Chinese Herbs did for me and my other boy, Royle, we consulted the No. herbalist and were given some Poo On Chinese herbs for the boy.
Mrs, Perry Says:- "The benefits and help that the Poo On Chinese Herls have brought into my family are more than I can ever repay. The health and happi news that these herbs have brought into my home is more than I can express in words,
For years I suffered with nervous indigestion: Every time I would
CANTON COTTON YARN REPORTS.
Imagine our Joy and gratitude No. when the child began to improve and in three days was able to get
MARKET STILL DULL.
42 Five Sons
out of bed and walk about a little, No. 20 City of Gold eat my stomach would fill with gas We continued with the herbs and and I would be in a distressed con the child was soon in a normal I had condition and completely cured. dition for several hours.
At He gained all the weight that he headaches and was drowsy.. times I was unable to do my work lost and to-day is a well and happy and had to go to bed. I doctored little fellow. The neighbours are with many physicians for years, still remarking on the remarkable but none was able to do me any recovery by the Pon On Chinese good, and as time went on I be Herbs."
Came worse and more discouraged.
Thousands suffering from catarrh,
CANTON, Jan. 25th
Per Bale.
8300
Butterfly
524
เร
Fui Hee
532
2 Pine Deer
438
Tin Koon....
450
Double Horse
440
*309
Good Harvest
312
Globe
317
Double Horse
312
"
Tin Koon
317
Double Elephant
317
Ng Fook
Tram Car
305
Man Clock
-311
Shepherd
301
Three Stars
Fui Kwai
313 202
Fui Kwai
200
12 City of Gold
Peacock
Fui Kwai
Tram Cor
266
Aeroplane
276
10. Sailing Vessel
*250
Peacock!
266
City of Gold
Lotus Bee.................
6 Lion ....
Lion No. 2
234 246 -198- 195
My husband has spent several hun-bronchial and lung trouble, throat, dreds of dollars for doctors and cough, asthma, hay fever, malaria, No. 16 Globe medicines and ali failed to bring stomach trouble, indigestion, con
stipation, gastritis, piles, diarr. No. me any relief.
Through a friend I heard of hoea, hatuis, heart disease, eczema, the Poo On Chinese Herbs. I was zerofula, female trouble nervous- doubtful but bearing of the many nets, insomnia, obesity, kidney, cures that these herbs had brought bladder trouble, Bright's disease, about I decided to go. The results diabetes, rheumatism, neuralgia, No. of the Poo On Chinese Herba as dropsy, pyorrhea, epileptic fits, paralysis, tumors, ulcers, pimples, tonished me. After a few doses I began to notice a vast difference-in dizziness, headaches, neurasthenia, the condition of my stomach and neuritis, and many other chronic No.
restored to take the herbs and in a short time health
my general health. I continued to diseases, have been
and happiness without
I was completely cured. Since that poisonous drugs or the knife, by time I have gained steadily in the Poo On Chinese Herbs. weight and can now eat anything and all that I want without the
least distress. I can truthfully say that I feel better now than I have in years, and I accredit it all. to the Poo On Chinese Herba.
Child Snatched From Death by Poo On Chinese Herbs.
The Poo On Chinese Herbs Co.
If we are right in our surmise, we cannot envisage any further decline in prices. On the contrary we look for somewhat better prices in the next few weeks, but, as we have said before, if purchases of rubber are contemplated, patience in required.
the political situation and the Sino- Japanese relations on the financial world.
"
Poat
Star Ferries China Light............
$13 al.
$4.20 mon
E.K. Elentries (ald) ...... [ $53, buy, 581
Do.
(now).....852 sol, Sif sa.
Marac Electrica
Do.. (aew)...
18 sel $10.30 bay.
361, 53
$762 buy.
$8.90 nom. $6.30 nom. T. 11f boy,
Sandakan Lights Telephones (old) Ohims Buses...... Singapore Tractions....11/6 on
Da (Pre)...17/6 bay., 19/3 gel. Chian Sugar
$1.05" buy. Malabon Sugars .........$25 buy. Canton Ices.
.$3) nom. Caments (combined).......... $9.43 bay, 9.70
pol., 911.35 E. Do.
$7.50 10m. (old) Do. (деж) 1 bay. ELK. Ropes (old).....
Do..
17.10 Rom. (now) United Asbestos ...........
$5 nom. Dairy Farms...... Watsona
"The money market will be dull as long as the financial world is affected by" euch unfavourable factors. The dullness in the money market last year, was caused by the influx of the Emergency Loans and the foreign loans. The accumulat tion of idle funds, on account of the decreased demand for business funds following the general depres sign, is also responsible for the slackness of the money, market Japan.
.
Only Stimulant.
$1.10 ་་་་་་་་
Der A Wings..... Lane Crawford.....* Mackintoshs.
Wm. Powella
F.K. Amusements
buy, 13.30 sel. 80.ts, buy. $20 10. 19.05 nom.
$8) bay. $3.65 nom. 227 fol.
HK Constructions. nom. inque. Indus. G.$Bonds...681% nom.
ELLE. Gort Loans...5% prem, bay, & sa. bay.-buyers; 'sal-pollera, i sa-galen;
pom-pominal
Stocks show an increase of 900 tone, making a total of 19,797 tons. Close London 2nd inst.:-Spot 6fd, Jan./March 81d., April/June od.. July/Sept. 9fd., Oct./Dec. 1d.
The removal of Japan's gold One of our New York correspon export ban is the only stimulant to dents has recently returned from the lifeless financial world. The Akron, where, he says rubber con- real tightness in the money mar suraption continues at a very high ket, however, will come some time rate. Confidence is expressed with after the removal of the gold em- regard to the future, present plansbargo, and the business condition, apparently calling for a continued on the contrary, may be rather un- high rate of tyre production, based lavourable for some time in view on present prices of raw materials. of the outflow of gold. and on excellent sales for payntent. in the Spring.
Our New York correspondents cable that demand is in evidence from manufacturers for April and for more distant deliveries.
"The interest rate on loans will drop further, having been affected by the dullness in the money mar ket. The lowering of the interest rate is welcome in Japan, because it has been the cherished desire of the business men to get the interest rate lowered. Even this tendency BETTER TRADE IN BRITAIN. may be checked, if the removal of
the gold export ban is realised.
"It is another question to lower the interest rate on the deposits with the banks, although the bank- ing business may be affected by the lowering of the interest rate on loans.
BRIGHTER PROSPECTS OF ·
INDUSTRIAL NORTH.
A study of last year's returns of the Port of Liverpool compared with 1927 réveals a distinct, though "The financial world of Japan, slow, tendency towards an improve therefore, locks for the early stabili ment in trade and commerce in the sation of the political world, the industrial North of England. Im-solution of the Sino-Japanese pend- ports of Australian wool, however, ing questions and the removal of dropped from 120,000 tons in 1927 the gold export ban, thereby lead-
to 107,000 tons this year, but the imports of East Indian wool in creased by 8,000 bales to 100,000 bales.
The prospects of the meat trade during the current year are su 308thoritatively stated to be brighter.
CANTON STOCK EXCHANGE.
YEE FOO LUN, Chinese Her- ** CLOSING QUOTATIONS. . balist, Managing Director, Founder Over of the Poo On Herb Co. twenty-five years practical
ex-
CANTON, Jan. 28th.
........ 83.00
0.50
7.40
perience in America curing the sick Water, Works with Chinese Herbs. Main Office, Electric Light & Power, Co. 5.05 Modesto, Calif., United States Canton-Hankow Railways America Hong Kong Office, The Sun Companying 88, Queen's Road Central (1st floor) Rincere Company...... Probably the greatest help that Tel. C. 5008. Office Hours: Daily Nanyang Bros. Tob. Co. the Poo On Chinese Herbs brought in. to 12.30 p.m.;. 2 p.m. to Canton Tramways about in my home was in the case pan. Evening Hours: 8.30 p.m. to China Merchants 8.8. Nav.. of my baby boy Robert when he was 8m, by special appointment only. Company
European Lady in attendance. Central Bank gone half old
ing foreign exchange to a favour. able condition. Bankers should be very careful in taking measures to cope with the present situation. Now that the internal readjustment of almost all the banks in Japan has been completed, the normal de
pends upon the careful managernán z of the banking business in concert with the general business condition, particularly the manufacturing in dustry of this country,"
"Sugar was "imported into Liver-velopment of the financial world de pool to the extent of 858,940 tons up to the year ending June last, and imports since that date indi- cate that this figure will be con siderably exceeded during the fol lowing twelve months.
The total imports of bacon and hams into England showed a little increase over 1027, but the high price of hogs in America: placed that country at a disadvantage in competition with the lower Con- tinental price.
A
The abundance of the supplies of grain was a feature of the inter- national wheat market of 1920. Large quantities from the North- ern Hemisphere were reinforced by good crop in the Argentine and a fair crop in Australia, and the harvests in the latter countries pro- mise to be the best ever seen in the world's supply. The milling in dustry has been steady.
RUSSO GERMAN TRADE.
THROUGH RAILWAY RATES
VIA POLAND..
-Moscow, December 30th:-The Soviet Delegation, which has just returned from Warsaw, announces that the transit of goods traffic has at last been successfully arranged. between Busais, and Germany, vid Poland.
For this service the railway freights will be reduced 25 per cent. in Russia, 50 per cent. in 9.75 Merseyside is speeding up the Poland, and 25 to 50 per cent., no 4.20 tunnel construction under the Mer-cording to distance, in Germany. 2.35 sey, which will bring the Midlands an hour nearer the port, and the 5.00 new road into West Lancashire is
being rapidly pushed "forward.
4.55
The new service opens on April 1st. Through tariffa will be quoted between the most numerous Russian and German stations.
EXCHANGE RATES,
[BRITISH WIRELESS BERVICE.]
Paris New York
Brussels Geneva
RUGBY, Jan. 28th.
124.03
.4.84 29/39
34.90
23,01
Amsterdam Milan Berlin
12.093
99.623
20/41
Stockholm
18.14
Copenhagen Qalo
18.18
18.12
Vienna Prague Helsingfors
34.496
1031
Madrid ...... Liston
Achens
Bucharest Rio Buenos Aires Bombay Shangbai Hong Kong Yokohama... Silver (spot) Silver (forward)
1923 29:685
109 11/16
376
B07
5 29/32
47 15/32 1/6 1/32 2/61
2/0
1/10 13/39 20
26-3/18
MARCHANT'S
SIR ?
Certainly.
What else
should
drink?
MARCHANT'S Gold Label Whisky.
THURSDAY
WILLIAM FOX POMENI TE A HANGMAN
HOUSE
VICTOR MILAGLEN.
AT THE QUEEN'S
STAR THEATRE
TO-NIGHT
At 9.18 p.
FRED COYNE'S
MUSICAL COMEDY COMPANY FAREWELL PERFORMANCE
POT POURRI
PRICES 83, 2 & 1. Booking at Houtrie's and Theatre,
ENGINE
AMILMEKË.
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HONGKONG DAILY PRESS OFFICE, 11, Ice House Street.