Money and
HONG KONG, MARKET
REPORTS.
Markets
HONG KONG IMPORT TRADE.
Quotations at yesterday's local ACTIVITY IN COTTON GOODS. market for rice and other foodstuffs
In the fortnight, report of the Hong Kong Chamber of Commerce the following, references are made to the import trade:---
Cotton Piece Goods and Fancy
The following reports have been received:--
were as follows:-
Elce.
Hung Chai May
Fer picul $7.07
Hung Hung To, Unglutinous : 8,64
Hung Poo Koy
4.36
Cotton Goods,
Hung Tin Taz
0.9
No. 3 granulated
Siam White Brand
3.62 3.00
Black Dragon
9.19
Green Elephant........
No. 3 White Glutinous...
7.73 8.3
broken
6.00
Black Seal, Pokmei
Black Seal, Pokmei gran11-
5.62
lated
Red Seal, White glutinous...
Blue Seal, No. 3..... ChingPak Sin, Broken
THE HONG KONG DAILY PRESS, TUESDAY, MAY 7, 1929.
SHANGHAI CHAMBER OF COMMERCE.
PROTEST TO NANKING GOVERNMENT.
CHINA LIGHT & POWER CO.,
CAPITAL INCREASED TO $5,000,000.
SHANGHAI SHARE MARKET.
DEBENTURES ARE IN
DEMAND.
The China Light and Power Co.
SHANGHAI, May i. (1019), Ltd., is increasing its capital SHANGHAI, May 1
Industrials opened quiet with The Kuo Wen' News agency has from $3,800.000 to 85,000,000 and published a long statement by the four resolutions authorising this very little business recorded during were passed on an extra- the day. "Ewa Mills changed hands | Amalgamated Chinese Chamber of move
Commerce, on the quarrel between ordinary meeting held in Messrs. nt. Tix 12.70 June and Shanghai the Shanghai Chamber and the Boy. Shewan, Tomes & Co.'s offices, St. cott Society and local Kuomintang. George's Building. The Chairman,
4
Docks at Tis. 199,50 June. New E-
gineering Ordinary were negotiated
now exs
Water-
TETÉ
It takes the form of a memorandum Mr. R. G. Shewan, proposed each at Tls 5.75 cash and Shanghai to the Central Kuomintang Head of the following resolutions. They Cottons (New) at Tls. 35. quarters, the State Council, the. were seconded, respectively, by the works Fittings also changed hånds Central Executive Yuan, the Minis-Hon. Mr. J. P. Braga, Mr. J. Scott at Tls. 1.174.
Rubber. Prices in London and try of Industry, Commerce and Harston, Mr. Allan Keith and Mr. Labour, and is in part as follows: A. H. Rumjahn, and carried unani-New York sto slowly declining and this action is reflected in the local mously. There has been much activity in Deprived of Property and Speech.
1-That the authorised capital share market. Chemors found-buy- "The Shanghai General Chamber the market since the last report,
at The 1.43 and Tis 1.421. of the company (which is sales having been reported of of Commerce has been deprived of 23,000,000 divided into 20,000 shares
at T. 8.3. Otherwise the market Brocades Coloured Stripe and Chop Poplins, Shadow Stripe all liberty of speech, and protection of the nominal value of 85 each, the Repahs at Tls 1.05 and Langkata Poplins and Limbrics. Deliveries of its property and has even been whole of which have been issued)
be increased to 85,000,000 by the remains neglected. have fallen away bad's, due to the prevented by the local office of the creation of 250,000 additional shares lifting of the Japanese Boycott, a considerable quantity of Japanese Kuomintang from having advertise-of the nominal value of 85 each ranking as from date of allotment piece-goods having been sent up meats inserted in the newspapers for dividend and in all other res to give its side of the affair to the pects pari passu with the shares country during the last few days.
To the last fortnight Cotton has public but because of Mr. Yeh Chu constituting the Company's present slumped beavily and is cheaper now Tsang's commission to Shanghai (te issued capital. than it has been for many months. investigate the matter) the Chamber
That 50,000 of the mid 280,000 has made a report to you laying out additional shares be offered forth- Another report states;
the simple facts of the matter. for Some fairly large orders for cheap your judgment. We. the National with in the first instance (in the quality cotton Brocades. Woven Amalgamated Association of Chem- proportion of one new share for every complete number of nine exist Check Poplins and Shadow Stripe bers of Commerce, do not intend to ing shares held by them respective Limbrics have been settled. There duplicate the General Chamber's re- is more enquiry for cottone for ports on facts which are as they) to the members of the company 8.50 December/January shipment and have stated but we would, in nd-/ who on the 8th day of May, 1929, are dition, call your attention to the registered in the company's share following points:--
5.40
6.93 €.35
Red Seal. No. 1 granulated 5.02 Red Pearl, No. 2 granulated 5.90 Miscellaneous.
No. 24 Coarse granulated
8 7.43 sugar *****
22.80 Groundnut Oil, Fongtze ...
20.40 368.00
Camellia-nut Oil
Shark's fin, Ting Ou Shark's fin, Ching Yik No. 1 Awabi, Kum Shan Dried Persimmon, Peking... Bear's paw
80.00 137.00 15.00
RAW SILK.
NEW YORK PRICES STEADY
Mere Penbreath & Co. have kindly forwarded us the following letter dated, April 11, from Messrs, Hornly, Hemelryk & Co. of Liver "pool.
some lines have been offered in Lawns and Art Silk, Fancies. Manchester prices are a little easier but this is offset by weakness of Clearances are exchange bere. difficult on account of tightness of money and Buctuation of Canton money, which is about 30/40 per cent. over Hong Kong.
Wanllens.--Buying of woollens is practically over and business has been limited to a few small lines.
Cotton Yarn. The situation of During the week under review, our market has remained unchang prices in the New York Marketed, and no business has been put have remained remarkably steady through.
Nominal quotations are as fol- in view of the weakness which bas been in evidence in the Japanese
lows:- Market, the closing prices last right shewing hardly any change' un the week.
The New York certificated stock on March was 2,743 bales, made up as follows:-
Grade A
740
725
$35
283
103
5
13
Bo Nil
10
The following price differentials have been fixed for the current month-
Grade A Premium 60 cents.
"
B
22
11
25
12
"
D Basis
E Discount 10"
23
17
W
5
X.
10
.
Y Premium 2 Z Discount 3
Grades A to Fare unchanged and grades W to Z are reduced 3 cents per lb...
Our American correspondents in- ferm us that Broad Silk Mills are good buyers of silk on a hand to mouth barie but hosiery mills have placed business for four to five months ahead.
The spot demand is particularly good for 20/29 denied and medium grades of 13/15. Importers' are holding their prices firm, due to their inability to purchase at lower levels in Japan...
Well maintained prizes for spot positions are anticipated, with price differentials" gradually in- creasing over the more distant months.
This is confirmed by cables re- ceived from our New York cor- respondent reading: Export pre- mium nearby Silk increase over distants: Warm weather helping piece-goods and hosiery retailers.
Close New York last night:-May $4.96, July 84.87, September 84.85.
EXCHANGE RATES..
[CRITISH WIRELESS BERVICE"]
Paris Brussels
Amsterdam
Berlin..... Copenhagen Vieuna
Helsingfors Lisboa
Bucharest.....
Buenos Aires
Shanghai
Ruday, May 5.
41
Greyhounds. Canidromes recorded at 8215-cum founders, which is the first business put through for some time and S.I.G.S. also changed bards G.R.As are wanted but buyers so far are not prepared to pay the price of 824.
market is
Debentures. The
at $16.23.
steadily advancing and S.M.C. 7. per cent, have crossed the par mark,
101. 6 per cent. were also done it business having been done at Tis. Els. 80 and 6) at Tis. 03. F.M.C. and American Club debentures are
the holders of the said register 720,000 shares at par and so that on neceptance of the offer the full nominal amount of 85 due in respect of each such share taken up shall rising also. be paid out not later than the 4th day of July, 1923,
ASTRIDE OR ASIDE?
The Central Headquarters of the Party and the Central State Council had, only on April 20, promulgated amandate assuring the personal safety and property of the people, but the Citizens National Salvation
And that such offer be made by Association (ie., boycott society) of
notice specifying the number of
time within The outcry against the directors the Shanghai Branch of the Kuo-hares to which the member is mintang seized the use of the build- ings of the Shanghai General entitled and limiting Chamber of Commerce on April which the offer if not accepted by of the Richmond Royal Show for his nominee will be deemed to be supposed to be a ban upon riding only two days after the said man- the member on behalf of himself or their action in placing what was the various date of the Central Government was declined, and that the directors of astride by ladies in promulgated.
the company be at liberty to fix such saddle classes and parades in the Secondly, the Citizens National time and to extend it to sach date old Deer Park on Thursday, Fri Salvation Association is a subsidor dates and upon such terms as day, and Saturday, June 13, 14, No. 10s. 8170-188. No. 12. 8180-iary organ of the Shanghai branch they may think fit, And further and 15, seems to have been based on of the Kuomintang and ite principle that any of the said 80,000 shares a misapprehension. As Mr. Capel- 100. No. 10s. #100-105.
authorities are the executive chiefs which shall not be taken up by the Smith, the secretary of the Rich- $195-200,
of the local Kuomintang, who are company's shareholders in manner mend Horse Show Society, has supposed to understand the rules aforesaid be disposed of in such made clear, all that has been done and regulations of the Party and time or times and upon such terms is to make it a condition that in should be held responsible to the at the company's directors shall in the two classes for ladies' hacks and But these their absolute discretion think it, hanters ridden by ladies and judged laws of the country. persons, who are supposed to guide
3. That no shareholders shall be others, caused a mob of several hundred to attack the Chamber of entitled to any offer of a fraction of Commerce in a riot. This is a dis- an additional share in respect of any grace to the local branch of the odd share or shares held by such Party which requires your atten-
No. 20s
Shipments Arrivals 200 hales. nil. Sales nil. Unsold Stock 1,100 bales. Bargains 4,700 bales.
Raw Cotton. Nothing doing.
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
MAY 6, 1929.
HK, Bank...... 31,205 by 1218 Do., London...2134 rom, Chartered Banks... £lut bay. Mercantile Banks, A. &B...£33 com.
Da..
P.&O. Banka
0...16 20m. East Asia Banke........190 pom. Canton Insurances.........$696 bay.. Union Insurances
160 bay.
$385 (47 North China Int. vent Yangiare inenrance......M. $50 noms. Chins Underwriters.12.20 buy. 2.30 sel Ching Fire Insurances....$295 buy. HK. Fue las 788 som. Douglases
$36 sel. HK. Breamboats 27 bay. buy Indo-Chinas (Fret.) $40 buy. HK Taga .....................
nom.
Do. (DAL)......$70 nom, Shell Transporta ...82. nom. Union Waterbosta.......$29 nom. Bengueta Kailan Mixing Admin....66/3 ore. Langkat (combined)......Tis. 14
Tis. Do. (single)
7nom. 8ha Explorations......Tls. 2.30 sel. ...Ti... di non. Shanghai Loss Ti Baube***
$6,65 num. ..17/6 nota. Tronok Mines.... H.K. & K. Wharis *$19) nom. H.K, & W, Docks
..$36 rel. China Providents..
$4.65 bay.. 1.65 China.
sel, 42 18. Tis 178 DGO. Hougkers .......
bay. New Engineerings.Tis. St Shanghai.
Mis. 135 nom, Dock Ewo Cotionscytom Tis. 12) bay. Uriental Cotton....... 8'hui. Cottons (old).... Tia 7.
Do. (new).... H., & Hete8.70 boy. 9. ELK Lands, 194
..38% buy. Shanghai
thai Lands
...Tla. 143 nom. Humphreys Estates......$14.85 nom. A.K.Realties.$8.35 nom. HK. Tramways....$18.60 boy., 18 sel. Peak Trams (old)......$12 bay.
Do. (new)......$8.50 nom.
SoBi boy., 67 sel
Star Ferriss
Ubina Lightht
113.60 2. day. bay.
H.K. Electrica.......8571 bag., 571 oel. Macao Electrica "1261 kom.
Bandakan Lighte 124.17
34.94
12.003
$0.471
18.201
34.57
193
1097
9151
47 5/16
2/64
1/10 5/32
4.85 B/32
25.19
Milan
82.00"-
Stockholm
Oslo
Prague
Madrid
Athena
18.151 18.19 '104 *34.99)
375
Rio
857/64
Yokohama New York Geneva
Bombay
Hong Kong
Bilver (apot)
Silver (forward)
$7 buy, 7.15 val. Telephones...veran Oking Bases..............la It buy. Singapore Tractions......11/8 num.
{Pre£.)......16/5.bey.
Do.
nota
China Bugars
$27 bay. Malabon Bugars vajami
ices **** Canton
$1.80 buy. Cements (combined) 18.10 buy.. 8.80
Do. (old)....$7,80 zom. Do. (num)......$140 nom. HK. Bopes......851 nom.. United Aabeatos..... $5 bay.
19) el. Dairy Farms
..$18,20 hami Walms
80 ots, bay, Der & Wings, I Lane Crawfords...sel Mackintosh....18 buy.
3.65 nom. Fowell...$11.60 bay.
Ainceres
W.
tion.
shareholders.
by ladies, and in the formal par ades, side-saddles only shall be used. In comparing like with like more simple and satisfactory to it makes the work of judging much 4.-That the remaining 200,000 of have all the competitors mounted in the said 280,000 additional shares be the same fashion, and no one can Talimidating the Press. Thirdly, the censorship of tele. issued in such manner at such time deny that the side-saddle position, grams and press is adopted by the or times and upon such terms and when properly acquired, is incom Government and the Party in time conditions as the company's direc-parably more graceful and effective It must be remembered that both of martial law and employed against tors in their absolute, discretion than riding astride by women."
the Richmond Horse Show and the enemies and reactionary elements shall think At.
Those present were: Mr. R. G. in Society. The local Kuomintang, sensitive to its own faults prevent Shewan in the chair), the Hon. International Horse Show at Olym- the newspapers from inserting state- Mr. J. P. Braga, Mr. J. Scott pia are, like the Royal Race Mees- and succeed, great social events oi ments of the Chamber, and publish- Harston, Mr. C. A da Roza (direc. at Ascot, which they precede ed a one-sided story of the situation. tora), Mr. Noel Brags (secretary), the London season, patronised and Fourthly, whether or not the and Messrs. Allan Keith, J. Toppin, visited by the King and Queen and Chambers of Commerce in China J. Tavares, A. A. Botelho, Tse other members of the Royal Family, should be abolished is for the Cen-Tsan Tai, A. E. Rumjahn, R. Pes- to whom it is due as a matter of tral Executives of the Party and tonji, W. C. Lawson, F. A. Xavier, respect that there should be a cer the Government to decide, but the Tang Hung, Ka, Capt. C. B. Riggs, tain amount of formality and uni- Shanghai branch of the Kuomintang and Cant. R. D. Thomas (share-formity, especially when the judg persistently calle on the Minister holders).
of Industry, Commerce and Labour ta seal up the Chamber and force) it cut of existence.
NEW YORK STUCK
QUOTATIONS..
"J
New York, April 29. Market Firm Business done, 8,272,840 States.
Previous Latest Price. Price. 341831 280 278
Stock
Finally, the Shanghai General Chamber of Commerce is a legal body and not a number of in- dividuais. The "local branch of the Kuomintang select Messrs. Feng Shao Shan, Lin Kang Hou and Zao Ching Ching, presiding group of the Standing Committee of the Execu- Alleghany Corporation tive Council of the Chamber and Allied Chem. & Dye (Com.)..
.W.P.A American C. single them out for attack. They American Can
American 8melting must have untoward reasons for attacking these individuals separate-American Tel & Tal. (Com.) ly. We hope that you will soon de- American Tobacco "B" cide the matter.
Anaconda Copper Andes Copper The Merchants' Strike..
Amour & Co,, "&" Yesterday's news, says the V.-C. Atlantis Hofning Daily News, was thas the Shanghai Associated Gas & Elec. Chinese General Chamber of Com-Baltimore & Obio Bank of Montreal merce have decided to limit their
Bethlehem Steel (Com.) strike to Shanghai. It is added Caluwet & Hecla that unless Nanking gives the Cham-Canadian Pacific Railway ber satisfaction, the Chinese Bank Chicago Northwestern ers. Association and the Native Chrysler **haphone
Bankers Guild will suspend busi- ness, thus tying up the money
market..
MR COOLIDGE'S 'QUIET THOUGHTS.
Colombia Coty, Incorporated
DAVISON Chemical Dry Dock's
Du Pont de Nemours...
M
For Film "A'
General Electric
General Motors... General Ely, Signal Gold Dust
DOUBTS ABOUT BIG STICK." Goodrich Bubber
L2
***
ing of the particular classes and the parades take place in the presence of their Majesties.
The writer was certainly under the impression that the rule as to the use of side-saddles only in the cases specified, was already in force at Richmond, as it certainly is at Olympia, and also at the Aldershot Command Horse Show and at the Dublin. Summer Show at Balls- ridge. It is no mare unreasonable than to make it a condition in the case of other classes or parades that military uniforms or orthodox 2822301 hunting kit shall be worn. In all 164 1644 the other riding classes, including, of course, those for children of both 63 534 121 121
sexes, there is complete freedom of action. 581 571
* 141 139 247 24
... 106 104
The question as to which is the 1. 041 614
121 121 safer and better of the two styles ... 341 854
of riding has not been raised. 111 1094
There is, however, po doubt that 451 451
the present riding habits for ladies 240 2394 893 which are little more than well cut 95 934 and contrived aprons, are much 841 31 Bafer than the long voluminous all- 631 63 round habits worn by our grand-
mothers.
57 58
19 191
... 1784 1771
014 801
... 240 2381
103101
Northern American Aviation... 161 16 84834 Northern Pacido Ely... ... 107 108 Packard Motor (Com.) ...64 631 Pennsylvania Railway...
Granby Consolidated ... Grant Western Sagar vie
720 Philadelphia-Modern nations Haygart Corporation...
national International Cement (Com)... Ung. 884 find there is greater
moderate International Harvester Co.... 1081 108)
81 ...82 security in having a
International Match, Pid. el. sided military establishment which International Nickel (Com.)
menaces nobody, rather than in
International Frinters Kak maintaining great forces which are
International Prod. (Com.) menace to all other nations," Mr. Johns Manville. Calvin Coolidge, former president Kelvinator of the United States, declares in an article published in the May issue of the Ladies' Home Journal, monthly magazine of the Curtis group.
B.h. Amnaements 350, nem. H.K. Constractions...... sal. 1/6 29/32 B'qus. Indus. G.Boxes 661% buy.
H.K. Gost Loans.8% prem. buy, 2/111
buy-buyers, mal-pollera; sa-salos
•25 5/18.
Bon-Dominai,
Kennecott Copper Lehigh Valley... Liggett & Myers B“ Mack Trucks
Madison Square Garden Maryland Oil
The article, the second to appear Mimouni Pacific (Com.) in the magazine by the ex-president, Montgomery Ward has been released to the United Fress
·
The days are past, Mr. Coolidge asserts, when any nation can claim to control, the sea.
National Dairy Products
132 131
821821
421 421
102 103 ... 1008 1084
82 82
84
821 Philips Petroleum
84
Radio Corp. of America
374 371
Reading Railway
Beynolds Tobacco *E"
651 Ung.
Rock Island Railway ... Shall Union Oil...
124 123/
201 201
48 43 62 Ung.
... 101 101
182 130
Benthem Paciffe Railway Standard Gas & Elec. (Com)... Standard Oil of N. J... Standard Oil of New York Tass Corporation (Com.) -161 161 | Texas Gulf Sulphar
DOL 911
Timker Roller Bearing
88 B01
** 531 571 ... 427 42 *** 65 641 82.804
242 2427
217 218
懿
18 187
U.S. Balty & Improve Co.
...924 811
U.S. Steel
1801 1873
Vacuum
Vazadines
94.94
... 131 182
84 831
472 451
Warner Quinlan (Com.) We Willys Overland
331341
Wright Aeronautical
Call Money
89 Ung. Union Carbide & Carbon 87 871 Union Pacific Railway....
8. Leather "A"
103 1031
401 40
... 83
... 1981 1947
National Distillers (Ptd:) Nerade Consolidated Copper New York Central
-1843 184 (Continued on next Column).
JAVA-CHINA-JAPAN-
LIJN.
Trl Address: JAVALYN Tel Central 1574.
J.CJ.L
York Huilding
Hongkong
REGULAR PASSENGER & CARGO SERVICE BETWEEN HONGKONG, AMOY, SHANGHAI, MANILA AND THE DUTCH EAST, INDIES.
SOUTH BOUND.
BEJECTED
STEAMERS
FROM
OX OA £300
WILL LEAVY
Гол
་་་
DALNY,K'LONG.In Harbour TJILEBOET
& ANOT ...SEAL. & AMOY 13th May TJISONDARI TJIKINI ...DALNY, KLUNG. 20th May TJIKEMBANG 'S'HAI, & Amor 23rd May TJIMÅNOEK..DANT, E'LONG 3rd June) TJIKARANG ...S'RAI. & AMOY 3rd Jane
STEAMERS
& ANOT
& AMOT
8th May,, MANILA, M'KALR
& BORHABATA **BATAVIA
ard+
13th May, 4p.m.
22nd May, MANILA, M'KRAK.
p.m. & BoRABATĄ
BATAVIA 18th May,
pm.
5th June, MANILA, M'KHAR.
I p.m. & SaZRABAJA 5th Jane,
BATAVIA ... 4. p.m.
NORTH BOUND..
EYFECTED
FROM
ON OR 43001
Уда LEAVE ON
For
ON ABOUT
TJIKEMBANG
ΒΑΣΑΝΙΑ
11th May
13th May AMOY & S′HAL.
TJINALAK ... JAVA MAKASSAR TJIKARANG
15th May
BATAVIA
22nd May
18th May Axor & N. CHINA 24th May AXOT & SHAL
TJITAROEM.Java, Makasa JISARORA ... BATAVIA TJILEBOET ... JAVA.Maxaan TJISONDARI..... BATAYLA
29th May
1st June
19th June
12th June
1st JonelAxor & N. OHDA 3rd June Axor & S'HAI. 15th June Axor & S'H 14th June Axor & S'HAI.
EXCURSIONS TO JAVA
The regular service of the Java- China-Japan-Lijn steamers from Hong Kong to Java, and vice-versa, offers a splendid opportunity for excursions to Java (the Pearl of the East) and other parts of the Dutch East Indies.
Famous for craters and volcanoes, delightful scenery, invigorating Mountain resorts, excellent sporting facilities.
Travel in comfort on first class steamers with excellent accommodation for passengers; European Doctors carried; Wireless telegraphy installed.
Hong Kong to Batavia (7 days) saloon fare: 8175, refarn $300.
For particulars apply-
JAVA-CHINA-JAPAN LIJN.
Agents
ROYAL NETHERLANDS INDIES AIRLINES, LTD. York Building..
R
Telephone G. 1574.
Hamburg-Amerika Linie,
COMBINED FREIGHT AND PASSENGER SERVICE. CABIN CLASS ACCOMMODATION FOR 50 PASSENGERS, FARE FROM HONG KONG TO GENOA-£73.0, 0. OUTWARD.
Sailings from Europe for S'hai, Japan & Northern Ports:-
M.V. "SAUERLAND " 8.8. OLDENBURG" 8.8. "BAARLAND " MV.BBINELAND" 8.8.TRIPITZ
MY. "LEVERKUSEN"
HOMEWARD.
"
due here on or about the 18th May que here on or about the 29th May dne here on or about the 10th June due here on or about the 25th Jane due here on or about the 13th July due here on or about the 19th July
Sailings for Genoa, Botterdam and Hamburg. via Manila, Singapore, Colombo & Port Said –
...sailing from here on or about the 9th May sailing from here on or about the 21st May ...sailing from here on or about the 1st Juna sailing from here on or about the 18th June ...sailing from here on or about the 2nd July sailing from here on or about the 18th July
MY. "BUBR" TALV. "VOGTLAND" M.V."DUISBURG M.V. "BAUERLAND 8.5. "OLDENBURG 18.8. "BAARLAND"
Calling also at Marseilles.
For Freight, Passage and further Particulars please apply to
JEBSEN & CO.
Westinghouse E. & M.(Com.)... 157 154 12, Pedder Street
24281
167
255 257.
Ung, 16%
TAL: C. 1225.
Tal..
4754