Money and
CANTON TRADE NOTES.
<
Markets
CANTON COTTON YARN
MARKET.
2,300 bales of nankeen were ex-
Prices of cotton yarn have been ported last month, this amount being 519 bales more than in variable an account of the fluctua- March. In April, the largest contion of Canton money, and are sulter was the United States, which comparatively higher. Demand has country took 1,160 bales: 875 went been slow, and merchants are hold- to France, 298 to Italy. 66 to ing their goods for firm prices. Britain, while the rest were export. Latest quotations are as follows ed to Switzerland and Japan.
No. 8 Lion
Quotations for shark's fin have been firm in Hong Kong, which is No. the distributing centre for this trade. Arrivals from Bombay have been small, while the demand from merchants, on the Yangtze has been brisk. Consequently business has been fairly good, in spite of the limited demand in Carton, caused by nancial crisis.
During April the amount of raw silk exported from Canton amount- ed to 4,526 bales, a decrease of 25 bales a compared with March.. Of the total 2,300 bales went to France, 5,206 to the United States, and 20 to Britain. According to Lelegraphic advices from New York, transactions have been few, recent-
Lion. No. 2 Hut Hou
10 Sailing Vessel
THE HONG KONG DAILY PRESS, FRIDAY, MAY 10, 1929.
THE CHINA UNDER-BY MAIL, WIRE, AND
WRITERS.
ANNUAL GENERAL
MEETING.
PROGRESS IN THE RIGHT DIRECTION.
Mr. R. G. Shewan, presiding as Chairman at the fifth annual gen- eral meeting of China Underwriters, Ltd, held yesterday in the board- room of Messrs. Shewan, Tomes & Co., said that business in the life 295 department was progressing in the 205 right direction.
*020 210 210
Golden City
Peacock......
293
Lotus"& Bee
DSO
Double Lions
Fire Lions
9"0 270
Tai Fat
"Yan. Chung
Tak Lee Excellent Crop No 12 Golden City
ly, on account of scarcity of stocks. No.
In view of the increasing demand
Peacock
-Fco Kwai
Poo Yee
Tramenr
Pretty Damsel
Acroplane
Tak Lee
Larp Ma
18 Globe
Foo Kwai
Yan Chung
Globe
for silver coins. and foreign cat No. 20 Golden City rency, due to the constant fluctua- tion of Central Bank of China notes, considerable Amounta
of
Kvangtung silver coins have been acquired by Hong Kong bankers to inect the call. Recently over twenty thousand dollars' worth of coins were imported here from Hong Kong."
*
*
Depreciation of Central Bank of China notes has not only consider
Canton No. ahly affected business in but also in Hong Kong. Imports of vegetables. fresh-water fish, and other edibles into Hong Kong from Canton and the country dis tricts have fallen unusually short, No. resulting in a rise of prices. Fresh-water fish is 810 dearer per picul.
are
The lychee crop is expected to be The most satisfactory this year.. fruit is raised only in Kwangtung and a few places in Fukien. Be demands. sides supplying local large quantities
exported to other provinces. When the crop is plentiful, the fruit is canned or dried and exported in large quanti- ties to meet the requirements of Chinese overseas.
Good Harvest Sin Tuo
Hung Hay
Tin Koon
$295
310
CHAIRMAN'S SPEECH.
The Chairman, addressing the 203 meeting, said! As on the last occa
sion, we have converted all silver 970 currency figures to Hong Kong 310 dollars and all gold currency figures 315 to sterling at the parities. The gold 310 and ilver figures have then been 305 converted for convenience of refer- 200
ence to Hong Kong dollars at the 310 310 rate ruling at December 31, 1929, namely 2/04d As the rate differs 32c slightly from that at which the 320 figures were combined on December 38031, 1027, we have, for the sake of
the 360 continuity, slown
igures 360 brought forward at last year's rate
and carried the difference to ex 370 340 change account.
315 330
380
350
Wan Pang
Ng Fook
330
Bige Phoenix
350
Tramcar
340
Shepherd
330
Poo Yee.....
Three Stars
2 Choy Kou
Tin Koon
Blue Phoenix
Pine Tree & Deer... Sheạng Hay
340 330
Increase in Life Premiums. We suggested last year combin ing the accounts of the Marine, Fire, and "Accident Departments, 619 but on consideration feel that the 500
Egures are more informative if we 540 continue to follow the practice of 400 Home companies and publish them
Ecparately.
300
42 Yang Hok
Flower Butterfly Foon Hay
'560 350 550
HONG KONG STOCK EXCHANGE. CLOSING QUOTATIONS
WIRELESS.
'THE CROWD."
PICTURE OF 'AMERICAN INDUSTRIALISM.
ELEANOR BOARDMAN' AT THE QUEEN'S.
[BY OUR FILM CRITIC]
Washington-The Pennsylvania Railroad has completed the mark- ing of stations and other large structutes in 38 cities and villages along ita lines. for guidance of air, travellera The markings consist of the name of the city or town paint- ed in large letters upon the roofs of large buildings and, in case an air. part is nearby, an arrow pointing
Crowd." King Vidor's to the airport, together with the i distance to the airport expressed in latest production has been pro
mised to Hong Kong audiences for a very long time. To me, at least, the fulfilment of that promise brought disappointment.
miles.
Chicago. Sam Sircelli was held to the grand jury on bonds of 35.000 after being identified by Mrs. Mary Eckhart as the man who attempted to kidnap her child, George 7. Sircelli, a father of six children, denied the charges.
Paris. So rapid has been the work of reconstructing the de- vastated regions of France that Deputy Georges Antoine has intro- duced a bill asking that a part of the war area he segregated to serve as & permanent souvenir of the feverish days that followed the opening of hostilities in 1914. the M. Antoine proposes that segregated region be made a mort of park to which school children of the future could be taken as a means of revivifying the texts of the history textbooks of that day.
New York-Mathieson Alkai new stock only will be sold on the New York Stock Exchange in future, it was announced. The stock was split on a basis of four, shares of new for one of old.
Angora. The Minister of Health Dr. Helik Bei has left on an extend- ed tour of inspection. He will also go to the United States.
Arizona-The municipal airport at Douglas, Ariz., was recently threatened with a prolonged delay of operations, when an army of pocket gophers invaded the flying. held The rodents threw up more than 2,000 mounts of earth, which made landing and taking off diff
Three days of hard work eradicated the pest.
cult.
ed by the Association of German Berlin. The annual report issu-
Cities any that the loan-debts of the cities had to be considerably increased during the last year on account of the very heavy burden caused by unemployment and the bad economic situation in general.
the although
programmes of the communities were cut down
need urgently
most
ed undertakings. The total long- term debt of the cities at
In the Life Department the pre- miums received during the year, after deducting Re-assurances, amounted to $425,161, an increase of $47,208 over the Egures for 1927. Expenses show an increase of 851,413, but the bulk of this in MAY 9, 1929.
crease represents expenses incurred $1,210 bey, 1,215 **, H.K. Banks ....... Do
in extending the scope of our to the London...lai uem.
operations, and will either be non. Chartered Banks buy. Mercantile Banks, A. &B...£33 nox.
recurrent or will be represented by Do.,
C...215) com
an increase in business. Prices of rice in Wuchow have P. & O. Bazka......£9) nom. fallen after advancing considerably East Axis Bank ........ 9) pom. The Cantga Laurance.........1693 buy. during the last few weeks.
$368 Kwanga aythorities recently pine aion Laurances.......
North Obies Ips. The 180 buy. ed numerous orders in Hong Kong Yangtze Insurances..... 850 nom. for Annamese and Siamese rice, hina Underwriters...1220 buy. 2.30 sel. and during last week thousands of China Fire Insurances. 3OU BUY, bage of rice were imported into. Fire Los.. Wuchow. More shipments are ex-
Dougisses..................134 şei
Steamboata pected to arrive in the near future. HK 6 the current price of middle-grade rice being 813 per picul.
CANTON INSURANCE CO..
PROPOSED DIVIDEND.
We are informed that the genera!
agents and consulting committee of
the Canton Insurance Office, Ltd,
ין
will, at the forthcoming meeting of
shareholders to be held on Thurs
day, May 22, recommend a final share in dividend of $22 per respect of working account for 1927. and add the balance of 8086,568.10 "to underwriting suspense account.
They will further recommend the payment of an interim dividend of 818 per share in respect of work. ing account for 1928, and that the balance of $1,037,848.86 be carried forward.
BERLIN EXCHANGË.
3762 nom
LK. Taga.......
buy., 9.65 sal. Indo-Chinas (Frat) ......$45 buy.
Do. (Def)
Langkats (combined)...
"Do." (single)
B'ka Explorations
Bhanghai Loans Babe
Tronoh Mines
K. AK. Wharis
荳衣
& W. Docks
Chins Providents..
T
...
Shell Transporte........37 nom. Union Waterboste........ nom. Bengarts ************
$21 Kailan Mining Aamin....4/ bay
,TB, 14 nom. Tls. 7.
.21 sch.
$200 $6.56 nom ..17/6 nota.
$36.
4 apl 4.40 .. .Tls. 178 no. Hongkewa
Tla. 51 bay. New Engineerings .. Shanghai Hocksla.12 buy. Ewo Cotion... ...TI. 131 bay. 15 Unental Cottons...Tia. 2 bay 8 har Cotons (old)....Tis.
Do.. fucw..... 33 nom,
$87 now. HK. & S. Hewis
......so buy, E. Landy Shanghai Lande.... ...Tls 14 now. Humphreys Estates......$14.55 nom. H.K. Baltics...........$3.65 roz. H.K. Tramway $13.60 bay, 18 sel. Prak
Trame (old)....$12 buy.
(new) 3.30 nom,
..$20 201 Star Ferries
nel.
The stock exchange is firm with trading improving Slight price Ubins Light, Cum. (11.8) bay,
advances were recorded especially in potash shares. The demand for foreign currency has dropped to normal. Call money stood at be tween 8.5 and 9.5 per cent. Frank- furt was quiet, Hamburg practical ly unchanged.
Berlin exchange quotations:-
New York... London...
Paris.
Amsterdam
-4.9175. 20.408. 16.49.
162.56.
EXCHANGE RATES.
(BRITISH WIRELESS, SERVICE.].
Paris
Geneva
Berlin
Oslo.......
Helsingfors
Buenos Aires
Athens
Hong Kong New York Amsterdam Stockholm Vienna... Madrid
Bucharest
Bombay
Yokohama "..
RUGBY, May 8
194,20
25.19
20.48)
18.19
193
375-
47 5/18
1/11"
4.85 7/32 19.00
Rights
*
el.
.114 pol, 12.9) Sa Do. Ex Right $13 buy. Do.
$74 Kights 14 bay, B.K. Béctrica...$671 Lay..
..58) 0.16 s. Maces Electrics $162 - nam, Bandakan Lights $Z SOL
710 Telephones........
buy
1st buy. China Buses Frogs ...** Singapors Tractions......11/8 Rom (Piet).....16/6 bay Chins Bugars$1. Malabon Bugara m $27 bay. Canton Ices $1.80 Cements (combined)..
buy
Do.
58.00 Do. (old).......$74 bel,
(ROW)....$1.30 com. 1685 buy. II.K. Ropes "aartenses
sted Asbestos...$5 buy. Dairy Farma Watsons
After bearing this increased ex penditure the income in the depart ment has exceeded the outge by $15,978, which has been written off establishment of life business ac- count,
the end of 1923 amounted to 2,890 million marks and the short-term debt to 788,470,000 marks.
Brussels.-The Senate has reject-
cd with C against & Totes the bill granting women the franchise in the provincial elections.
Dublin. Two "armed men in broad daylight held up the Tip perary branch of the Bank of Ireland and
with got away: £17,000. They escaped in a motor car. Two arrests have been made.
Constantinople-Leon.
The
Vidor has based his picture act on a story but on an idea-that idos expressed by the verses :--
Laugh and the world laughs
with you
Weep and you weep alone, For the sad old earth, muet
borrow its mirth
But has sorrows enough of its
Đ
יו.
It would appear that to `build » film round an idea is far harder than to make one round a story, and other directors have found this out before Mr." Vidor.
The director has taken the life of a young couple who have to work for their rather scanty living, as the examples to point his moral that "The Crowd" is indifferent to the sorrows of individuals al- though ready enough to share their
joys.
Eleanor Boardman is the wife and James Murray the husband to whom all sorts of misfortunes bave to come to point the director's moral, From the very first you are shewn them quarreling, not because they are naturally bad tempered, but because the industrial conditions under which they have to dive are a constant and impossible irritation, Then a child is born to bring thers together, according to the best canons of film sentiment," and two years later, when they have begun quarrelling again, saother. This second link is born to be snapped in a quite unnecessarily realistic manner under the wheels of a ferry.
"The Crowd" remain.
as indifferent to this tragedy as they were to the bickering which preceded it,
Two more blows are to follow,
The young husband, distracted with grief, cannot do his work properly and loses his job. After months of unemployment and domestic scrapping the wile is persuaded by her family to leave him. Mercifully just before the close of the curtain Trotsky Mr. Vider allows us to see his hero will shortly publish a book bearing the title Lenin," and describing and heroine re-united, the wife his own co-operation with Lenin having repented at the last moment in contrast with his conflict with of her decision to
"go home to Stalin..
mother," and laughing-with the Shanghai. Three American sailors suffered minor injuries and crowd" at the antics of a clown
cabaret WAS the Moon Palace
en a music hall stage. Vidor has uproar when thrown into
done better, and I hope this will be French soldiers and Ameri- can navy men engaged in a free- his last experiment off the beaten for-all argument over a dancing track. partner. The American sailors were severely beaten by their French antagonists, one of them nearly losing a finger and another receiving lacerations on one leg. A third sailor suffered a scalp wound. The extent of injuries to the French soldiers has not been determined.
ar
Eleanor Boardman acts well, but why is she never allowed to be a happy wife? Even her husband (Vider) condemns her to constant
The department is pro- greasing in the right direction, and we have confidence in its future.
The net premiums in the Marine Department amounted to $18,800. compared with $120,271 in 1927. The claims experience, which must necessarily be fluctuating in a small account, has been unfavourable compared with last year. After putting up réserve, of $103,814 for unexpired risks the account show, a debit to Proft and Loss of 87,516. Fire and Accident Departments. The net premiums received from the Fire Department amounted to 870,468
against 881,819 in 1927, Claims at $37,506 compare with $44,338 last year. After setting up reserves of $31,787 for unexpired risks the sum of 2014 was carried to the credit of Proft and Losa.
soldiers who "for a lark left BALLANTINE'S From its commencement this De-
camp without permission for a partment has shown a small profit. cance excursion are missing. They in use for almost 100 years. and has borne a share of the paddled on a lake infested by executive expenses.
alligators and the canoe capsized. The net premiums received in the Three were ultimately rescued an Accident Department amounted to the verge of exhaustion after cling- 821,979, against 813,146 in 1927. ing to overhanging trees for eleven After putting up reserves of $10,991 for unexpired risks the account shown a credit to. Profit and Loss of 8912. This is the first time the
Other Business. Department has shown a profit, and in view of the fact that the The other business before the premium income has practically meeting was the re-election of doubled for the third year in suc- Mesars. C. A. da Roza and Mok
J
Panama. Five of eight American
hours.
tears I
ESTANISHED 1827.
By Appointment to
H.H. The Late King Edward VII.
&nd
It is believed that the alligators devoured their comrades. B.M. The Lats. Queen Victoria
His Majesty King George V..
cession the Department may be said. Ching Kong to the Board of Direc- PURE
to be making satisfactory progress. tors, which was carried unanimous. After transferring the amount rely on the proposal of Mr. L. C. F. sel.ferred to above to the marine re- Bellamy, seconded by Mr. J. F.
serres the debit to profit and loss Wright (Jr.). is reduced by $9,780 from 847,243 to $37,463.
...$19 buy, 194 il
$13.20 nom. 80 cta, buy. Der A Wings
32 sel. Lane Mackintosha.*****
$18 buy ******$11.50 bar Sinceres Wo. Forells...... ....43.65 num. H. Amusements 3 B.K. Constructions.......>Iƒ ̈eal. isque. Indus. G.$Bonda...661% Bom Hk. Dort Leans.......................5% prec, bay. bay-bayere; sel-sellers; sales
nom-nominal.
C
Loyal Co-operation.
In conclusion I should like to place on record our appreciation of the loyal co-operation of the Branch Managers, Secretaries, Agents and Staff in our various branches..
I have now the pleature to pro-
Messrs. Lowe, Bingham & Mat thews, chartered accountants, and & Messrs. Percy Smith, Seth Fleming, incorporated accountants, were re-elected auditors at a re muneration of 8750 per annum each, on the proposal of fir. L. 8 Green- bill, seconded by Mr. Wong Of Kut.
Those present at the meeting- were: Mr. B G. Shewan (Chair
pote the adoption of the report and man). Menara Allen Cameron, Lo accounts of the Company for the Tre Fong, P. Marcel, C. A. da
SCOTCH LIQUEUR
WHISKY
10 years old.
GEORGE BALLANTINE
&
SON, LTD. GLASGOW AND LONDON. DISTILLED IN SCOTLAND
If you want a really first class year ending December 31, 1928, as Roza, Mok Ching Kong, Tsang Foo, Scotch Whisky at a reasonable price, presented, and when that has been and A. A R. Botelho (directors),
can Mr. H. R. Sturt, F.I.A. (manager), you
haye no
better than It is
seconded I shall be pleased to answer any questions that share. Mr. E. R. Childe, A.L.A. (assistant Ballantine's Liqueur Whisky,
secretary), and the following share holders may wish to ask a
holders Mesere, Allen Keith,
No questions were asked, and the w. Shewan, A L. Shields, L. S.. motion having been seconded by Greenhill, 10. F. Bellamy, J. F.
19.104
34.85
34.05
8182 1/6 20/32
Milan Copenhagen... Prague
02.65 #18.904 *1837 **
108
1/103/16 34.95
Bio
557/04 2/5} Shanghai Silver, spot & forward 25 5/16
report and accounts were adopted unanimously.
M. Figueiredo, M. A. Figueiredo,
Brussels (Continued at fogs of next column)."
excellent..
H. de Wons. The Fr
F. J. Tavares, J. Toppin, A A (Continued on next Doluma), Botelho, and A. Rumjahn.
THE FOUR LEADING BEERS ON THE
SUIT
MARKET
ALL PALATES.
MUNCHENER BURGER-BRAU.
DARK.
PILSENER SUPERIOR QUALITY. LIGHT,
1
TUBORG FABRIKKER. DINNER BEER. LOWENBRAU "LION BRAND.""
DARK.
We guarantee these brands to be of first class quality and prices compare favourably with inferior brands.
A trial is solicited.
SOLE AGENTS —
GANDE, PRICE & CO., LTD.
TEL. C. 135.
Hong Kong.
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