Money and
HONG KONG - MARKET REPORTS,
Markets
HONG KONG & WHAMPOA DOCK COMPANY,
Quotations at "yesterday's local THE DIRECTORS' REPORT FOR market for rice, sugar and other foodstuffs were as follows;
Rice
Per
$7.83
N 1028
The Directors of the Hong Kong Pien and Whampoa Dock Co. Ltd., in their report for the year ending December 31st, 1928, to be present ed to the shareholders at the ordinary yearly meeting to be held in the Company's town office on Wednesday, March 27th, at nout,
1.30 8.98 6.90
Red Tripod
Red Staf
Black Double Stars
Green Parrot
Green Seal, Glutinous.
8.17
Green Seal, Glutinous, broken
8.53
Green Peacock .......
8.42
Greea Seal, No. 1, broken... 6.07
Black Seal, No. 1
8.02
Sugar.
Sugar Candy, Singapore ... 810.33
Java, Brown
7.23
Manila, Green.
7.00
No. 19 Coarse granulated
No. 4 Coarse granulated...
8.90 8.83
Miscellaneous.
Canned Yunnan Ham...40
881.00
Canned Awabi
Dried Mushroom.
White Seasame
י
12,30
state?
As shown by the Prost.
and Loss Account, the Gross Profit on working for the year ending De cember 31st, 1929, is....9377,132.45
After dadueting Interest,
Rates, Crown Rent, In- surance, Directors' and Auditors' Fees and allowing the sum of $302,288.38 for Depre ciation on Buildings and plant, the net loss for" the year 1929 is .....
305.00
99.00
CANTON COTTON YARN MARKET.
The amount brought for- ward from last year
was
FALL IN PRICES.
...........
As reported recently, the cotton yar market in Canton has been doing fairly good business and prices, have been high. There was however IL change on Sunday. "Owing to the rapid rise in prices, merchants are rather reluctant to buy and sales fell off. The prices of No. 20 cotton yarn dropped by one to two dollars, but other varieties including fine cotton yarn remained unchanged. It is expect-' ed, that unless there is a drop in prices at Shanghai, the market here will remain firm.
Prices on Sunday's market were Is follows:-
Lion, No. 2
No. 8 Lion
8210
Hut Hoa
No. 10 Sailing Vessel
104 272
"Golden: City
270
Peacock
970
Lotus and Bee
264
Double Lions
250
Five Lions
285
Yan Chung
938
Tai Fat
258
Tak Lec
256
Excellent Crops
"250
No. 12 Golden City
299
Peacock
-Foo Kwai
Po Yee.....
290
Tram-carm
286
Pretty Damsel
276
Aeroplane
268
Tak Lee
289
No. 18 Globe”.....
310
Foo Kwai
304
Coiling Dragon
304
No. 10 Golden City
-340
Globe
325
Good Harvest
332
Fai Sing
330
Double Horses
330
Tin Koon
340
Double Elephants
330
Ng Fook
318
"Yan Chung
329
Tram-car
325
325
330
Three. Stars
327
406
Double Horses
484
Tin Koon
500
Pine Tree and Deer...
300
Sheung Hee
499.
No. 4 Five Sons
BWO
588
389
Shepherd
Po "Yee
No. 33 Pagoda
Butterfly
Happiness
Add Transfer. from Re-
:
8435,214.24
Deducting loss as above 435,214.21 Leaves to be carried for.
THE HONG KONG DAILY PRESS, TUESDAY, MARCH 19th, 1929.
CANTON TRADE
NOTES.
The tea industry of Kwangtung, which for years has bega on the decline did slightly better last year, as regards exports, than for some time past Producers are making great efforts to improve the quality of their product. and are also pack lng it more carefully and artis. tically. Special care is being taken to improve the colour of the tea.
*
Woollen
into force. prices of foreign goods Since the new tariff has come have risen appreciably. goods, medicines, surgical instra ments and appliances, photographic goods of all kinds and many house hold articles are up by ten per cent, while luxury articles, such as per fumes, cigars and wines will cost 20 per cent. more.
Kwangsi's silver coinage has 4 considerably lower percentage of silver than the Kwangtang 20-cent pieces, and exchange at $1,388 to $1,000 at Canton. Central Bank notes are always popular at Wuchow and even during the financial crisis," were readily accepted at
face valus,
CHINESE EGGS:
WARNING TO BRITISH CON-
SUMERS.
Details of the conditions in which Chinese eggs are laid, were pub. lished in London last month in Pulley and Poultry Husbandry The journal warns British house- wives that, even after the marking regulations" como into force on Will egg necessarily bear the mark "China." April 1at, no Chinese
"During the past twenty years I have spent most of my time among the villages in the Yangtare Valley," says the writer of the article, and never have I seen a The fowls always poultry house.
sleep in the houses of the villagers, and roost where they can, mostly on the end of their owners' bed, while every ken also hitches her brood in the living-room.
As every poultry-keeper in Great Britain is aware, the quality and dietetic value of an egg de- pends to a very great degree upon the wholesomeness of the food sup Canton Mint is now working night plied to the hen which produces it. and day, and has doabled the pre-But it would break a Chinese vil- vious output of $100,000 worth of lager's heart, and would be con- coin produced daily. The Central sidered wickedly wasteful, to have Bank has in its safe about, $5,000,000 to give food or water to auch a
silver of
ballion And another thing as a fowl or a duck. So the $1,000,000 of silver has been ordered fowl has to forage for its own from America.
sustenance. And when I state that in the villages there are no sanitary arrangements whatsoever, it will at once be apparent that the fowl has to procure its food in appalling
•
$202,051.10
354,544.44
A certain amount of Japanese coal $558,595.54 is permitted by the Boycott Com- mittee to be imported into Canton. The amount is extremely limited,circumstances" being only about a fiftieth of the amount consumed in Kwangtung. Last month it is reckoned that about The Directors regret to record" 8,500 tons get in, but some of this the death of Mr. H. P. White on was, smuggled and the Boycott Com.. February 29th.
Sir Robert Ho Tung and Mr. W.mittee is taking steps to prevent it. H. Bell retired by rotation and offer themselves for re-election,
ward to next year...121,391.39
*
A telegram, received by the Canton silk merchants from New The Hon. Mr. D. G. M. Bernard York on Saturday last, states that and Mr. T. G. Weall retired from the silk market there is normal- the Board on leaving the Colony, and that silk of No. 20 and No., and Messrs. B, D. F. Beith, J. P. grades are in demand Warren and A. H. White were in- The prices of Kwangtung silk are vited to join the Board to fill the lower, but the market for Shantung vacancies. These appointments re-silk is improving, and many orders quire confirmation.
have been received.
Mr. B. D. F. Beith has been ap- pointed Chairman for the year 1999, The Accounts have been audited
There is also considerable demand for Chinese silk from Lyons, and the prices have risen about four
further improvement.
by Mesars. Lowe, Bingham & Mat-franca per pound, showing signs of thews and Messrs. Percy, Smith, Seth and Fleming, who retire and offer themselves for re-appointment.
LOANS ON THE SALT REVENUE.
MONEY TO MEET CRISP AND ANGLO-FRENCH COUPONS.
•
There is now a big demand for articial silk in Cunton, and large quantities are being imported.
The demand for artiŝcial silk is due to the greater cost of real silk and piece goods of mixed silk and cotton are also selling well.
Statistics show that 1,180,459 bales of salt were packed in Kwang- excludes that stored in the ware- houses.
QUESTION OF LAST YEAR'S tung in the year 1928. This amount
DEFAULT.
We understand that sufficient funds have been placed in the Group Banks by the Chinese Gov.. crament Salt Revenue Department to meet the foreign-loan obligations secured on salt which fall due with- in the next few weeks, says the North China Daily News of March 13th. It is known that a certain amount was in the hands of the Group Banks for this purpose, and it is understood that & sum of ap proximately Tis. 1,000,000 has now been added to this from the sale revenue, This, it is understood, will be sufficient to meet the Crisp and the Anglo-French Loan cou-
pons..
CANTON STOCK EXCHANGE. 30th, 1928, amounted to £229,209,
CLOSING QUOTATIONS.
CANTON, March 17th *Water Works
83.90 Electric Light & Power Co. 4.70 Canton-Hankow Railway The Sun Company
80.00
Sincere Company109.00 Nanyang Bros. Tab: Co..... 4.70 Tramway Company
9.80
China Merchants' Steam
Navigation Co.
Central Bank of China
59.00 46.00
and the capital default was £98,949. The payments due on March 30th this year are:-Interest, £4,400 capital, £100,800.
COTTON COMBINE SCHEMES.
LANCASHIRE CORPORATION
PLANS.
Two important cotton trade meet- inga, both dealing with combing schemes, were held at Manchester last month. One was the amal- gamation of spinning companies proposed by Mr. S. S. Hammersley, M.P., for Stockport, and the other concerned the newly-formed Lancashire Cotton Corporation.
At the Cotton Yarn Association meeting, Bir Kenneth Stewart, chairman of the Lancashire Cotton Corporation, expounded the prin
A very interesting situation now develops in regard to these coa- pons. For the first time in 'their history there was a default on these loans a year ago. According to the tables of loans in China issued by Mr. E. Kann the default in inciples upon which the corporation terest on the Crisp Loan on March intends to proceed. Estimating raw material as more than 50 per cent of the eventual price the eus- Kenneth said to combine could be tomer had to pay for his goods, Sir
appropriate raw material in the a success unless it bought the most cheapest market. They had made arrangements to enable them to do single quality of cotton in a single this. The ideal was to pin a mill. This could only be done if they got sufficient mills to join. It implied a great deal of organisa tion and standardisation.
In the case of the Anglo-French Loan the default on April 5th, 1928. amounted to £122,700 in in terest and £250,000 in capital. The amount due this year is £122,500 interest and £250,000 capital.
Inquiry fails to elicit any in. formation as to how this money from the salt revenue will be used whether to pay the coupon in de- fault ast year or to pay the pre- seat Que. Apparently there is no hard and fast precedent regarding such payment, as in the case of at A. S. WATSON'S DIVIDEND. least one loan the Chinese Govern ment has allowed a coupon in de fault to remain unpaid while pay ing the coupon of the particular year in question on its due date.
1948 PROFIT: 8142,000.
Subject to audit, Messra. A. S. Watson's & Co., Ltd., profit for the twelve months ended October 31st, 1928, amounts to $142,110, which together with the carry forward of $60,117.17 from the previous year. leaves $208,227.17 available for ap-. propriation.
The directors will recommend at the forthcoming annual meeting of shareholders that this sum be allo- "cuted as follows:-
To pay
dividend of
54. cents per share
which will absorb... 896,000.00
EXCHANGE RATES.
(BRITISH WIRELESS BERVICE.]
RUGBY, March 17th.
124.275 4.85 9/32 34:05
"Our object," he continued, "is to put yarna on the market at pré- sent prices and make a profit as a eturk, and then, as we learn to make economics more thoroughly, to. reduce present prices and still make a profit. Generally speaking, I am of the opinion that we must not interfere with present trade channels. We believe. WO get back some of the lost trade (estimated at 2,000 million yards per annum), and as time passes wé may hope to get a large proportion of it. We must take the initiativé, and try and organise mass selling of such types of goods as we have lost. We should, I think, in the East sell through merchants,"
Athens Bucharest
can
Place to reserve fund
80,000.00
Write off building im
Paris New York Brumet Geneva Amsterdam Milan... Berlin Stockholm Copenhagen Calo
25.23
12.114
92,805
20.455
17
121 18.20
376 "816)
57
47.5/16
provement.
.162.50
34.535
Bombay
1/5 31/32
and carry forward' tó
Prague...
1634
Shanghai
next, account
€2,044.07
1927
Hong Kong
31.805
Yokohama
2/B1 1/11 1/10 1/18
8208,227,17
1067
Silver (spot)......
Silver (forward)
257
Helsingfors.
Madrid Lisbon (Continued at foot of next column)
Rio
Buenos Aires
TO-DAY'S WIRELESS
PROGRAMME.
BROADCAST BY ZB.W. ON
300 METRES.
1.49 pim.-Weather report. 5.30 to 6.30 p.m.-Programme of Chinese music. (Victor records supplied by Messrs. Music World Co.),
7-48 p.m.-Evening weather re-
port.
i
8 p.m. Evening programme Victor and H.M.V. records sup- plied by Messrs. 8. Moutrie Co.).
10.10 p.m.-News bulletin. 10.30 p.m.-Close down, -
i
· HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
Що
BREAD BOOKS IN MOSCOW,
ENCOURAGING ECONOMY...
Moscow, March 15th (U.P.).: Beginning to day, the population of the Soviet capital will purchas bread at minimum prices only upon the basis of-" Bread booklets" to be distributed to factory-workers, office employees, and others ea- titled to them.
CLEANSING HUMAN
BLOOD,
FURTHER REMARKABLE EX- PERIMENTS IN RUSSIA. "LIFE SPAN OF 156 YEARS!"
Moscow (U.P.)-Chamical cleans ing of human blood, to remove accumulated impurities, is held out as a possibility by Russian science in connection with a series of "ex- periments conducted with success Business-men and other out upon animals, Sonic, remarkable law elements will not receive results obtained by Prof. L. Mika- these coveted booklets and will helovsky, who has been working on have to pay higher prices for bread the problem since 1973 at the Mid- In the same
way non-residents, Asiatic State University in Tash- especially peasants from surround-kent, have recently been reported sing villages, will be able to buy by the press here.
only at higher rates a fact which discourage auch purchases. it is hoped by the authorities, will
MARCH 18TH, 1929, H.K. Banka ......$1,0270 sal, 1,223
DON
Lendon...6191 sal. Chartered Banks 21 buy. Marcatie Banks, A.B.234 203 ...List nam P.& 10. Banks Bark Banks 90 now. Cantos Listranola
[buy. Union Insurancës „1937 m. Korth Okida Ins... 14. 160 bay.
M.
1.40 sul. China Underwriter...$2.20 bar, China Fire Inraramoss....$290 buy. EX Fire In...$795 buy 10 sel, & Douglas 38 mm HK Tuga ... 12:45 buy., 24. HEC Steamboat 1011 se Indo-China (Prof.) bom Bhall Transport 99/9 nom, Union Waterbosta a 'nom.
an Mining Admin....87/3 nos,
... buy. Bangusta Langbats (combined).... Tis, 14 bur Da. (Engle)..... 170. 7 nom S'hal Kaplorations... Shanghai.
LORDE Baube .............................. rob Minas
Do
F.K.&K. Wharfa...
H.K. & W. Docks Chine Provideots
... nom. $7.10-buy., 7.15 el.
17/6 nona. ..$126) nom,
•
$4.65 buy, 180
14.70
Hongkow
The 168 bay. New Enginearings Shanghal Docks
Tie. 485 bay. Is to buy Ewo Cotiona
T. 13.50
buy. Onental Cottons TIL 2000s. B Cottons (old)Tle. 71 buy:
Do. (new. Th. 35 buy. E. & Hotel 19.30
Tanis
bay.
E, Ratio Humphreys Estates ..
HK. Tramways Peak
som.
1197 bay.
18.hỦ Beza. $1+1 buy.
$19.
705) .........$13 sel.
$0.30 am.
Star Ferrics
CAM 108j zam. Chins Lights... 181 buy,, 131/14 sa, H.K. Electries (old)......#56) buy.
Do
Bandakan
(pow) »...$55) bay. Macao Flectrics $164 pom.
Leghts
Dom Talephones.17.10 Chins Busor. Tia 11; "com.
-
Bingapore Tractions.11/6 nom.
Da. (Fra£)...16/6 buy., 17/3 nel. China Bugars
$1.10 sel Malabon Bugars.550 bir, Cantón Loos Cements (combined)...... 89.10 nom. Do (old) $4.50 0. Do. (now).1.40 bay. E.K. Hopes $7Į kom: United Asbestos...$5. Dairy Farmă ia ....820; sal.
(Continued on next Colyman).
The booklet system is already functioning in Leningrad and other cities. Its introduction in Moscow has been delayed for fear, presum ably, of the unfavourable effect it might have upon public opinion at home and abroad.
Prof. Mikhaelovsky draws out portion of the blood of a dog or a monkey and proceeds to "clean it. He mixes it with the well- known Ringer-Lokke solution, which keeps the blood fresh as well as affecting it beneficially otherwise: Then he places the mixture on ice for some bours,
that the red
corpuscles sink to the bottom. The richest and healthiest portion of the. blood he then re-injecta into the animal, the rest being discarded.
Sexual Vitality Enhanced,
The system must not be confused with the bread cards " of the civil war and famine days. It is not intended to limit the supply any person may buy or ent, and is got a rationing plan. The principal The consequences of the cleansing, aim is to encourage economy, and as reported, are rather extraord to prevent misuse of bread as fod-nary. The purified blood is said der for animals. It is estimated have an immediate effect upon the that 25,000 horses in Moscow have organs and glands of the animal, in recent months been fed on black whose resistance to disease andt. break, since their owners found drugs is greatly increased, and its bread cheaper than cats. -*-
sexux! vitality enormously
to"
en-
It is generally admitted that thehanced. Soviet Union will be able to feed
Prof. Mikhaelovsky's work is in ite urban population from now until line with investigations elsewhere July when the new harvest will be Russia as to the essential nature available only by the strictest economy in the use of grain. Government grain purchases were satisfactory. until the end of September. In January there was an alarming decline in the amounts collected, and the downward ten- dency persisted during the frat half of February.
Watsons
| Der A Wings .....
Tans Crawford......... Mackintoaba....
Rinceres
Wm. Powell
$14 bay: 80 of, buy.
$ sol.
$20 nom.
Il bar.
$2,65 nm- ..$25 bay..
H.K. Amusements- F.K. foastractions.el. B'qua. Indus. G.$Bonda...69%% sali Fak. Gort. Loans 8% prem, bay
buy-buyers; sol-gallery | na-cales;
nom.-nominal
DINING DE LUXE
On the New
and death. The work of Profs of blood and the processes "of life. Pavioll and Kuliabko in the last 10, years, and experiments in the Inst few years by younger men, such as Drs. Brakhanenke, Chechulin and Tuschnov, make the Soviet Union
perhaps the most interesting centre in the world to-day for physiologi- enl research.
Dr. M. P. Tuschnov, a veterinary specialist at the Kanas Veterinary Institute, bas developed a series of scrims-extracted from decaying animal organisma-which stimulate animal and human beings, to an 1 extraordinary extent. He has made hens lay twice the normal amount of eggs, and has made cows give several times their normal milk. He peaks optimistically of human "re juvenation and a life span of 150. years as result of his serums.
OLYMPIAN
Service by Rector
One of the joys of trans-American travel on The OLYMPIAN is the delicious food prepared under the direction of George Rector. inter- nationally famous chef.
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
RE.CARSON
Gen'l Ager Pass: Dept, Seattle R. F. RANDALL
Dist. Past Agent, San Francisco
...
A. P. CHAPMAN, JR.
General Agent, Victori
J. F. BAHL
Bast, Gop] Pass. Agent, Beatle Cable Address
"Milwaukes”
FF.J. CALKINS General Aguit, Vancouver
W.B, DIXON A Gen'l Pass. Agent, Chicago
THE MILWAUKEE
LONGEST ELECTRIFIED RAILROAD IN THE WORLD ROAD