and Markets
Money and
HONG KONG MARKET
REPORTS.
Quotations at yesterday's local marken for tice, sugar and other foodstuffs were as follows:-
Bice.
Per Picul.
Siam. White Bran
29.74
Green Fish ..
7.20
Red Seal, White Bran
9.84,
Hung Chai Mai
Green, Sailing Vessel
Ching Chin.....
7.38 7.99 7.31
Wo Hap
Bugar.
No. 18. Coarse Podvered..... 87,70 No. 2t, Coarse Powdered
RUBBER.
MARKET MORE CONFIDENT.
THE HONG KONG
HONG KONG IMPORT" TRADE
IMPROVED PIECE GOODS
BUSINESS,
DAILY PRESS. TUESDAY, MARCH 12th, 1929.
The fortnightly report of the Hong Kong Chamber of Commerce contains the following information relating to import business
Cotton Piecs Goods and Fancy Cotton Goods,
Mes. Fentranth & Co., have handed us the following letter dated February eth from Messrs. Hornby, Hemelryk & Co., Liver-received pool.
with
ар
At the close of a comparatively quiet week, the market is firmer
improving tendency There is more evidence of manufac turers' demand than we have had for some time past, and there are good buyers of "Afloat, February and March shipment at 11d. and 11d. respectively, cif. New York, Shipments for the month of January were smaller than bad been expected, the total being 62,8-18 tons, distributed ne lows:--
Manila Brown
New Green
8.38 7.33 6.03
Old Green***
3.38
England
Groundnut Oil.
United States ...
Fong Ta
$23.20
Tainan
European ports
· 23.00
Sesame Oil
21.00
Bean Oil
17.80
Miscellaneous,
Red Ter
Black Sesame
Dried Persimmon
0
Green Flax
$31.00 £3.00 11.30 19.00 28.50
Green Tea (Mochin).......
CANTON FOOD IMPORTS.
As insufficient food is. produced in Kwangtung to meet the needs of the Province, supplies, mainly of rice and flour, are being im ported.
Between February 8th! and March 7th, the quantities of. foodstuffs imported into Canton from Hong Kong and Shanghai were as follows:-
Rice
Flour
Wheat
Corn......
Bales.
10,147
18,000
180
463
420
Wheat Bran ............
CANTON STOCK EXCHANGE.
CLOSING QUOTATIONS.
CANTON. March 10th. Water Works on
...... 89,55 Electric Light & Power Co. 4.70 .54
Canton-Hankow, Railway... The Sun Company
"80.00
Sincere Company... .103.00 Nanyang Bros. Tob. Co.... Tramway....
4.90 9.85
China Merchants" Steam
Navigation Company... €0,00 Central Bank of China ....... 48.00
CANTON BEAN MARKET.
British possessions..... Japan
fol-
4,294 tona. 39,973
5,350
1,023 2,331.
71
The total of 52,540 tons compares with 97,731 tons last January.
There is no doubt that the mar ket has a more confident ring about it now than for some time past. It looks as if manufacturera have made up their minds that there is no possibility of obtaining supplies at a cheaper rate and as if they are beginning to take an interest in near shipments.
Private estimates of American consumption in January give a figure of about 38,000 tons, but we hear that tyre stocks are still ac- cumulating.
Many estimates have been pub
!
The following reports have been
EXPECTED BY P. &·0.
PASSENGERS BOOKED FOR
HỒNG KONG
"PALE-FACED INVALID." DETECTIVE APPEARS FROM A
BATH CHAIR
adopted to keep watch on a man A police sergeant's disguise, snspected of street betting Clerkenwell, Was Clerkenwell Police Court
revealed
at
RED PIMPLES ON BABY'S FOREHEAD
Police Sergeant Fallan told the Spread Over Face, Head,
Back Cubicura Heals.
The following passengers have booked passages for Hong Kong by the P. & O service February 8th:-Mr. and Mrs. C. B. Per s.. Naldera, left Landon 'on Bird, Miss N. Berent, Mr. M. J. Breen, Mr. E. E. Benham, Mr. and magistrate that he was got up" Mrs. A. H. Clarke, Miss Clarke, ** * pale-faced invalid in a bath Miss D. F. Dunnett, Mr. A. 0, chair, and was wheeled into posi Groves, Mr. H. A. Garlo Mr. and tion to take the air" par" the. Mrs. Goodrick, Miss J. E. Houess, suspected man's pitch. He leaped A distinctly improved tone is Mr. A. F. Judd, Pay-Comdr, and suddenly from his chair and told noticeable in our market since aur Mrs. D. S. Lambert, 3. D. C. the astonished man that he would last report, and, sales have been Macdonald. Comdr. D. S. E. Max-arrest him.
I have done you," said the more numerous and assorted averwell, Mr. and Mrs. C. Strange and White and Grey Shirtings, Pongees, and Mrs. L. H. Savile, Mr. P. M. his surprise. "there are no slips man when he had recovered from two infants, Mr. S. Schofield. Mr. Reversible Coatings and fancy styles suitable for summer Tanfield, Mrs. F. A. Wellman, Miss where early shipment can be given. B. Wellman, Miss J. E. Wellman, Deliveries of spring cargo are good, and Mr. R. V. S. White and profits fair. Cotton prices havo taken an upward move, and are now considered on & safe basis for buying commitments falling due this
year!
Various
Another report atates:- The market has shown some im provement; and further business has been done in Grey and White Shirtings, Catton Mattings, Velvets and Fancies. Clearances have been satisfactory and there seems to be a good demand for spring cargo Manchester prices remain firm.
→ Woollens.
Per s... Mantua, left London on February
22nd :—Mr. and Mrs. Bartlett, Mrs. I. M. Bryan, Mr. and Mrs. C. Carruthers and infant, Mr. H. C. Gray, and Miss E. J. Lammert.
Per & Kashmir, left London on March 7th:Mr. J. A Deshurst, Mr. H. Dewhurst, Mr. H. G. Hogarty," Mr. and Mrs. A McDonald, and Mr. D. S. Pethick.
Per ... Morea, leaving London on March 22nd: Mr. and Mrs. G. S. Archbutt, Mr. W. A. Butterfield, Miss H. Cohen, Mr.S. B. Cohen, Mr. H. G. Cooper, Mrs. A. . P. A few orders for Black Wool Corbison, Mr. L. Pearson, Mr. and Venetiana, "Wool Twills and Cap re. R. Roskruge, Mr. D. Reidy, Tweeds have been booked. There Capt. J. R. Reynolds, Mr. W. C. have been enquiries for Urion Simpson, Mr. and Mrs. S. J. C.! Flannels and Continental goods, Stanesby, Mr. and Mrs. Evan which will probably result in new Thomas, Mr. and Mrs. G. Watt, business. Clearances of woollen and Mr. H. C. Whittall. cargo "are now very limited.
Cotton Yarn.
A small forward business · bas
........
been done at previous rates in
CINEMA NEWS.
lished recently of the probable pro-lows:-No. 10s. $178-194: No. 128.
chops which are in good demand.
"THE ACTRESS" COMING TO Nominal quotations are as fol
QUEEN'S.. duction and consumption this year. With few exceptions, these esti- $200-210. Arrivals, 600 bales." The Actress, which will be $155-195; No. 18. $195-200; No.
Norma Shearer's latest picture mates indicate & production over Shipments, nil. Bates, sil. Unsold consumption to the extent of from
screened at the Queen's from 20,000 to 40,000 tons. The disparity bales.
stock, 100 balos. Bargains, 6,500
Thursday to Saturday, has been taken in these estimates is in regard to
from the stage play, Raw Cotton,· · American consumption, which must
"Trelawney of the Wella” An depend upon the continuance of
English actress, a member of the American prosperity. In this con
troupe of the stock company at the nection, previous estimates of
Wells Theatre, falls in love with American automobile production in,
the son of the fierce Sir William 1929 of 6 million cars are now
Gower, goes to live at his home bring reduced in many quarters.
during the period of engagement, ind finally returns to the stage. The supporting cast includes Ralph Forbes, Roy D'Arcy, Owen Moore and Lee Moran.
The course of prices must depend to a large extent on American con- sumption, but we continue to think well of the market and would re commend purchases of distants on any alight reaction.
Stocks were increased last week by 583 tons. "The total is now 25.380 tors.
Statistics in tous;-
Large consignments of soy bean have been imported lately and tho | 102: market is now dull and prices are likely to drop. The market for white beans is still worse partly owing to high prices. Scarlet bear prices are ateady but rather low. Both black and green beans are strady.
1928
Estimated
World's
World's
Consumption Production (all kinds) (all kinds)
1925
470,000 555,000
427,700
316,000
*ཝ།་*****
Soy Bean (Pear])
88.15
Soy Benn (Vegetable Golden) 9.00
1920 5-10,000 1997
575,000 .......... 083,000 Stocks in London' at the end of each month in 1928:- January' February March April
618,000
001,000
843,000
60,283 tons. 63,103
59,644
72
53,300
White Bean
9.50
May.
44,825
21
Black Bean .....
8.30
June
Scarlet Bean
11.50
July
Green Bean ..
11.40
August
September
Quotations at Sunday's market were as follows:-
PHILIPPINE TOBACCO
INDUSTRY,
FEARS OF AMERICAN TARIFF.
Manila, March 9th (U.P.):-Re ports from the Cagayan Valley, in
October.....
November
December
40,063 33,445 + 32,815
31,884 #1
24,240
18,724 19,727
"
Malay shipments for the first half of February are estimated at about 20,000 tons, which would be
small figure."
HALF-YEARLY MEETING.
northern Luzon, depict a sad | YOKOHAMA SPECIE BANK. plight for Filipino tobacco growers, who are being hard hit by tow prices abroad and accumulation of low-grade stocks at home.
Bayers are declining to offer satisfactory prices, and farmers whose leaves are not well graded or cured for the most part, find themselves helpless.
Some observera insist that the Philippines Government must help the growers by eréction of modern curing-sheds, as well as by other means of raising the grade of Cagayan tobacco. Nature is good to the tobacco growers of Cagayan, it is pointed out, but man has not co-operated thus far, with the re sult that many of the plants are inferior, insects do much harm, and curing is imperfect.
Fear of a tariff barrier against Philippine tobacon sent to the United States recently caused a proposal to be made that a special representative of the tobacco in- terests be sent to the United States to fight tariff discrimination. The Tobacco Board has decided against this, concluding to rely upon efforts of Senate President Queron, Senator Osmann, two, Resident Commissioners, and General Frank' McIntyre, all of whom will fight on behalf of the Talanda.
PHILIPPINE PINEAPPLES.
SUCCESSFUL CROPS.
Philip-
Bukidnon, Mindanao, pines, March 9th (UP)-Great success is being attained by pine applo growers here, with fruit de- veloping greater size and better favour than in Hawaii, according to the raisers Californian finan ciers are backing the work.
No sales to report.
KWANGTUNG SALT
EXPORTS.
Salt supplies exported from Kwangiuag to Wachow during February were valued at $908,000. Kwangtung is a big salt producing province and exparts largely, to Hunan, Kwangai, and Kinngsi.
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
2.K. Banke
MARCH 11T, 1929. ................. $1,300 nom. Do London...4139 z diy, now. Chartered Banks £21 buy. Marcantile Banks, A. B...£54 nom,
Dow P. & O. Banka
....215 nom,
ROBL
H.K. Steamboata
Douglas 27/
Fact Aris Banks...........$90 nom. Canton Insurances ***388 rel.
#680 bay. inios InsuranÕES ........................... North China Ins. .......................Ms. 160 buy. Yangtze Insurances................M. $50 nom, China Underwriters $2.20 bar, 2.40 sol Chins Fire furarances....3990 buy. Hong Kong Fire Ina.......$700 nom. $36 nom. HK Tog$1.90 bay, 2.10 sol., 2 s. Indo-Chinas (Fral.)....521 note Do. (DoL) $99 nom. Bhull Transports...93/9 nom.
Do.
(new) Benguet ... 12.10 buy. Enion Waterboata....... $22) nom. Kailan Mining Admin....10. nom. Langkats (combined)......Tim. 14 buy,
sel,
Do. (ringle) ........Ta. 71 zam. Shai. Explorations ........... Tik & sel. Shanghai Loans ....Tim. 44 poni. Baube
********........................$7.10 buy Tronoh Mines
17/6 c BK & K Whart $120) kom. Chins Provident? 34.25 8. EK. & W. Docks..................HO) nom.
168) nom.
At the 98th half-yearly ordinary general meeting of shareholders, held at the Head Office of the oko hama Specie Bank on the 9th in-nghe stant a report was submitted show ing a net profit of Yen 17,348,629.43, including Yen 8,231,611.36 carried over from last account.
New Engineering..... si nom. Shanghai Dooks me s. 112 nom.
wo Cotions
Tis 1335 bay, Onsatal Cottons......... Tla, 2 nom, Shai. Colton (old)..............Tis. 70 nom. Do (now)......Tis: 35 nom. H.K. & S. Hotel 19.10 bag HK. Lands
It was resolved to pay a dividend of 10 per cent, pa, (absorbing Y.3,000,000.00) for the half-year ended December 31st, 1928; to add Shanghai Lands. Tis. 169 bay. to the Reserve Fund Yen 3,000,000, Humphreys Estates.....3144 | and to carry forward the sum of ELE Benica Yen 9,348,622.43 to next account.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE)
Rudar, March 10th.
124.223
Paris New" York Brussels Geneva Amsterdam
Galo
Vienna
4.85 1/16
34.841
25.22
12.11
Tramways ****
buy.
seli
(new) ..36.80 rom.
EL (old)
Feat
Bo.
Star Forries Coiva Light
$88; nom. ..#12) bay.
B.K. Rectrica (ald)..............3557 buy., 50 ka.
Do. (Dow).854 pay, Macro Electrics
3264 com Sandakan Lights
5 now. Telephones... 870 China Buses. The 113 no Bingeporo Tractions......11/0 nom.
Da (Prof.):17/8 bay, 12/3 esl. China Sugars.... $14 nom Malaben Sugars $30 Osuton Icra
sel.
Do.
821.
Cements (combined),.....$9.10 buy,
(old)......$7.80 (new)....$1.30 nom
Do..
Milan Berlin
02.00)
20.44
Stockholm ...
18.16
Copenhagen
18.20
18.19
34.52
1831
H.K. Hope
1921
32.973 1031
375
617
Prague
Madrid
Helsingfors
Lizbon
10
47-8/18
Athens Bucharest Rio Buenos Aires Tombay incur Shanghai--- 2/05 Hong Kong to 1/114 Yokohama
1/5 31/32
1/10 1/32
Silver (spot) Silver (forward). 25 5/18
MOTE
United Asbestoe om Dairy Farms
420 Bel. *****$14 bay..
Watsons
дот
Der A Wingerprise:80 sts, bay, Lane Crawford........... $24 nom, Mackintosh Sincere
110) bay,vágó W Powells 13.65 now. EL. Ammements $26. B.K Constructions.....$13 sel. B'quatindan, G. Bends...661% pom. H. Gori Loans .8% prem, buy bay-bazara; sel-sellery's mumsaleo;
nom-nominal
on me."
Mr. Dummett fned the man £3.
Palmer Matson, aged twenty-two, told the police at Butte, Montana, that he was a failure in everything. "I cannot even fracture my skall," be complained when constables pick- ed him up and placed him under arrest after he had deliberately jumped from a window twenty-five feet above the ground to escape apparently uninjured.
SPLENDID
Shearer
will take you behind the scenes!
**My baby first had Htela rod pim- ples on his forehead which quickly broka into a dry, red patch and spread all over his fion, boad and back. It nmust have been very painful and borned because baby could nos kuup his head still. It looked swish. The trooble lasted about five works.
"I med different remedies but the trouble did not improve. I begka using Corletra Soup and Ointment and they rellered the inflammation, and in about five weeks he was con piemely healed." (Signed) Mrs. Hans- phrica, 74, Prica St., Smathwick, Birmingham, Eng., Jan. 21, 1928.
Dac Cuticure to heal skin troubles. Şample sach Soap, Ohstment and Takum free upon yarnak, from Duptum, Price di Cammymary, Lanky 2 O. Ben #50, Sonnen. Gold Throughout the World.
DOUBLE
INTIMATIONS.
WOO ON HEBB) are within
Tax Continue to saffor "whan
your reach—kim pies, Catarrh, Asthma, Bronshite, Cough, Constipation, Dis beton, Drepay, Rheumsham, and many other Diseases, No Drugs, Parely Thinese Herbs,
POO UN HERES CO." ♫É, QUEEN'S ROAD CENTRAL, 1 FLOOK.
TEL. U.5005
FOR SALE.
FOR SALE, MORRIS COWLEY,
SEATER ROADSTER with DICKET, 11.3 B.P. 4 Wheel Brakes, New Battery, SO M.P.G. Owner driven; 8,000 Miles Excellent Condition. What Offer? Write Box No. 409, c/o Hong Kong Daily Press.
[400
FOR SALE-On Morris Cinford
MOTOR CAR 1929 model, 5 seater, in perfect condition Owner drives. Apply Box No. 7596, c/o Bang Kong Daily Press.
[7406
FOR SALE BUICK TOURING
CAR 6 Bastar in Good Condition $1,400 or Near offer.-Apply Box 7294, Đất Rong Kong trường Phần
ATTRACTION!
The
ACTRESS
a gorgeous romance of the
footlights!
BASED ON THE STAGE PLAY, TRELAWNET OF THE WELLS"!
AT
THE
ALSO
SAM KU WEST
and the
PARADISE HARMONY TRIO
QUEEN'S
DINING DE
LUXE
On the New
IN AN ENTIRE CHANGE OF PROGRAMME.
THURSDAY TO
SATURDAY
OLYMPIAN
Service by Reet
"One of the joys of trans-American travel on The OLYMPIAN is the delicious food prepared under the direction of George Rector nationally famous chef.
inter-
This is just another of the attractions provided by the road that offers the shortest line from the Pacific Coast to Chicago-the longest main-line electrification in America such aids to easy riding as roller bearings and fric- tion buffers and the latest sleeping and observation car conveniences.
Plan to cross America on this famous train.
For further information address your nearest steamship office, or".
R. E. CARSON Gen'l Agent Pan, Dept, Sesle
R. F. RANDALL. --
Dist. Pase, Agent, Sen Francisco
A. P. CHAPMAN, JR. General Agent, Victorin
1 F. BAHL
Asst. Gen't Pass, Agenz, Seattle
Cable Address “Milxomuakes"
F. J. CALKINS -General Agent, Vancouver
W. B. DIXON Geal Pass Aptas, Chiengo
THE MILWAUKEE
LONGEST ELECTRIFIED RAILROAD IN THE WORLD
ROAD
(7294