Money and Markets
HONG KONG MARKET
REPORTS.
Quotations at yesterday's local market for rice and other foodstuffs were as follows:-
Rice,
Ching Chung Shan
Hung Yeh Fa
Red Deer
Green Golden Coin
3.30
7.24
CANTON TRADE NOTES.
Prices of rice and other food- stuffs have not been so high in the East River country districts, as was the case two weeks ago.
•
The four market in this Colony has been quiet for a long time and Per demand has been lacking, but, ac picul cording to advices from the north, 86.86 there are signs of a revival shortly. The sagar market has remained Black, and prices are low especial ly that of No. 24 granulated sagar which has been reduced to about $7.30 per picul, this being an almost unprecedented
drop price, At present, the market is overstocked..
7.18
6,72
0.31
om
Hang Cherk Kou
Green Ax
Ped Ax.....
6.83
Green Peacock, Glutinous
7.ST
Red Seal, Pozme
Red Seal. No. 3
Blue Grape
Red Grape
5.65 6.79 *.92 7.34
Miscellaneous.
No. 15 Coarse granulated *
No. 24 Coarse granulated
sugar
$ 6.53
7.49
485
sugar
Green sugar
Selected white edible bird's
nest
2,300.00
No. white edible bird's
nest
Shark's fin, Taiwoo
Shark's fin, Chungpak
Duck Feather
Red Hide
1,500,00 198:30 48.00 40.30 40.00
White Pepper
136.00
Aniseed........
173,00
Wood-tar Oil....
32,40
Lak On Tea
04.00
UNITED ASBESTOS, LTD.
TOLUNTARY LIQUIDATION.
дп
蜀
14
After a decline, the market "for groundnut oil has been gradually Peeled improving.
groundnuts have shown a decline in prices. On an average, the price of the oil has zone up by one dollar per picul and merchants still hope that prices will continue to rise.
*
It is understood that the market for Chinese black ten will he not promising this year. Arriväls
THE HONG KONG DAILY PRESS, SATURDAY, MAY 11, 1929.
HONG KONG SHARE MARKET,
BENJAMIN & POTTS WEEKLY SHARE REPORT.
HONG KONG, May 10. The volume of business transacted
since the date of our last Circular a smaller scale, but has been on notwithstanding this, prices for the principal counters have been well
maintained.
“JACK ASHORE."
H.M.S. STORMCLOUD'S .. CHORISTERS.
AN INTERESTING CONCERT.
Service men present in the Cheer-0 There was a goodly number of YMCA. Institute, Hong Kong last evening at Naval variety concert given by Offices and men of HMS. Stormcloud, by kind permission of Lieut. Camdt, H. F Banks-Hong Kong and Shang-Waight, R.N hai Banks have eased off in London Somebody's Got to Sing" wit to £131 (Middle), but are firmer the opening sumber by the vou locally and have been placed at pany. They did. $1.9124/81,9171
ER.A. Body dropped his screw- Marine & Fire Insurances-wrench and gave a breezy rendition Wales, in Unions have shown a slight im of "Tavistock Fair." provement with buyers offering $368 the person of A.B. Jones and Sto and sales reported at 8370. China Davies, tried to go one better -in Fires, with a final dividend of $9 a duet, T. Delyn Aur."
scene in and Bonus of 88 pending have was the deuce of a
Jones' Flat.' advanced to $300.
the presentation ef Cantons are en- quired for at 8093 Hong Kong which was far from flat. Mr. Jones Fires have changed hands to a small was impersonated by Lieut. Comdr. H. F. Waight, his dutiful spouse extent at 8773.
Shipping.-Preferred Indos have for the occasion being Ldg. Seamar strengthened and there are buyers Ryan, Sub.-Lieut. Norfolk made an at $13. Douglas Steamships have admirabie boarder in more senses further declined to 833. Hong than one while Ldg. Seaman Diable, Kong, Canton and Macao Steam-as Griggs (the butler) made more boats have also weakened and are than one member of the audience en offer at $28. Tugs and Lighters feel decidedly thirsty. were done at $2 and continue in request...
Docks, Wharves & Godowns, — 'Deals were made in China Pro-
"
Sailor's Hornpipe,
There
A.B.'s Wright and Jones went Down by the Cane Brake" a la
Теда
Jong because A.B. Pedder
waiting to show the audience hor
from Chimen are scarce and & higa2 vidents early in the week at 43 Mietto, but they didn't stop there i price has resulted. It is reported that much black ten is exported from "Japan this year and this affects the Chinese market adverse
·ly.
*
门
cott has come to a conclusion, the
hat they have since receded to 81 Kowloon Wharves have remained steady at 811. Whampoa Docks are outainable at 838. There are buyers of Shanghai Docks at Tls 18 and New Engineerings at Tla 5.60.
anilor's borupipe should b danced, S.P.O. Ryder sang The Trumpeter" and caused a Marine Bugler among the audience to as- sume a far-away look.
the company.
As a result of the military a
Lieut.-Comdr. H. F. Waight, Sub- tivities of the Two Kwanga, bus
Lands Hotels and Buildings. Licut. Norfolk, A.B. Jones and Sto. nesa in Canton and the neighbour- ing districts has slumped beavily. Hong Kong and Shanghai Hotels Davis sang The Lost Chord in were bid up to 882, but are now perfect accord, and A.B. Williams Business in this Colony has been
the similarly affected no small to be had at this figure. Hong told company, with great extent. Both imports and exporta Kong Lands have buyers at Se dramatic effect, of the whitest man Other stocks in this section are he knew. Unable to restrain their of sugar and flour and other sun- At extraordinary general dry goods have decreased in Cen- nomina!
feelings after this outburst, the Public Dalities-Heng Eon entire meeting of shareholders of the ton. As to Kongmoon, though the
company broke out into United Asbestos Oriental Agency, anti-Japanese Boycott Committee Electrics have been in good demand Hallelujah" which was echoed by Limited, held yesterday in Hong has ended, piece goods, edible throughout the week and business a very stormy orchestra. Kong, at the offices of Mesars marine products and other goods
was transacted up to 838. China Roll Away Clouds' was the Dodwell & Co., it was definitely are imported in very small quanti-Lights changed hands at the im-second effort of
proved price of $13.55 ex dividend Judging by the way the rain was decided that the Company, beties.
and Cum Rights. There are buyerepelting down outside the building, wound up voluntarily, and". "that
Although the anti-Japanese boy-ex Rights at 813 and of the Rights the clouds weren't having any. Messrs Dodwell & Co. be appcint- ed liquidators.
at 87.80. Hong Kong Trams were Ldg. Sea. Diable tried them Ir Mr. J. P. Warren, presiding at overseas Chinese in Manila have dealt in at $15.60 and 818.03. Star Other Words" but they apparently the meeting, said they would re- been still carrying on their boycott Ferries are enquired for and can be saw him to la diable Erst! member that at the extraordinary and telegraphic advices have been placed at 888 Telephones fetched
The same quartette who present "general meeting held on April 24 received from the Chinese mer 87.
ed In Jore's Flat
gave us the following resolution was "ap chants there advising local mer-
The Love Test." This sketch was proved as an extraordinary resolu-chants not to ship Japanese goods
followed by an appropriate number tion:-"That. the "Company be for the time being. The Boycott
by A.B.'s Hewe and Keating and wound up voluntarily and that Committee there has declared that
Ldz. Sea. Ryan and A.B. Williams. Dodwell & Co. Ltd. of Hong Kong, until the Japanese troops are com- be appointed liquidators, for the pletely withdrawn, they will not purpose of such winding up." resume commercial relations with Mr. Warren continued: This the Japanese. Since the Boycott, requires confirmation at this meet the overseas Chinese in Manila ing and I therefore beg to propose have consumed considerable quanti that the foregoing extraordinary ties of their own products. It is resolution be confirmed."
reported that overseas Chinese in Siam, Annam and the Malayan Archipelagoes have maintained a similar attitude toward
the Japanese.
ri
The motion was seconded by Mr. G. R. Edwards, and unanimously agreed to.
Present at the meeting. were Messrs. J. P. Warren (Chairman), H. J. Silva, B. S. Vieira, and G.- I. Edwards (Secretary).
AMERICAN MARKET.
Tar
NEW YORK, May 3 (U.P.). Demand sterling was quoted at the close of hanking hours to-day at $1.84-15/16 unchanged with yes. terday U.S. bar silver closed at 54 unchanged with yesterday. Copper Exchange (New York) did not report prices to-day but comes tie copper was selling outside at 18 cents a pound unchanged with yes terday.
Rubber. The Ruler market closed lower with the following quotations:-
May 2. May 3.
Month
Spots
Mey
June July August
19.70
19.40
19.70
10.40
20.00
19.70
$0.30
19.90
September
20.50 20.10 20.80 20.90
"October
20.70
20.30
November
90.80
20.40
December
20.80
January
21.10
..
February April
20.50 20,70 21.30 20.90 21.40 21.00
Wheat. Wheat (Chicago) No. 590 hard, which is accepted as par closed lower with the following quote tions:-
Month
May 2. May 3, May
1.13 1.184 1.22
July ..... September..............
Cotton,
1.12
1.17 1.21
SHANGHAI TRAM" CO.
RUMOURS OF OFFER BY U.S. INTERESTS.
Great interest has been created in Shanghai by a rumeur which is freely circulating to the effect that American interests have made an offer for the Shanghai Tramway undertaking.
The Shanghai trams are owned by the Shanghai Electric Construc tion Co., Ltd.
H
The rumour is of special interest in view of the fact that a syndicate in which American capital is large- ly concerned, recently purchased the Municipality Electricity Depart-
ment.
CALDBECK MACGREGOR.
FORTHCOMING FLOTATION.
From inquiries made at the Shanghai office of Messrs. Caldbeck Macgregor & Co., Ltd regarding the proposed fotation of a new public company to acquire the busi- ness of the existing company, the North China Daily News learns that arrangements have been made to issue the prospectus immediately after the incorporation of the new company on May, 31, and that the subscription list will open on June
8.
and be closed on or before June
Miscellaneous Green Island Cements (Combined) are wanted at 85.10 after sales at this rate. Hong Kong Ropes have strengthened and are in demand at 87. Dairy Farma have further declined to $19, at which figure buyers prevail. Hong Kang Amusements have slipped back to $30).
Kailank"Bearer
A.B. Weeks gave a display of sword swinging, which we shap't forget for weeks, and A.B.'s Howe, Kenting and Dobson and Leg. Ses Diable entertained everybody with have had transactions at 63/8 delightful surgical operation
nog Kong Government Loan can Sab-Lient, Norman gave a pleasing be placed at 5 per cent. premium. rendition of "Ramona'
" and five Cotton Mills. Ewos were done at black, crows (A.B.'s Wright, Fur- Ta 12 "and continue in request.longer, Keating, Dobson, and Orientals were realised again at Howe) gave Any Old Thing." Tla 2. Shanghai Cottons are un- A.B.'s Weeks, Keating, Howe. altered.
Dobson, Luther (not Martin), Fur- Exchange. The T.T. rate on Lon-longer and K. E. Viscount present- don to-day is 1/11 and on Shang- ed a Maori dance and Lieut. Comdr. Hai so
Waight and Sub-Lieut. Norfolk Forward Settlement Days.-May pleased with a duet, Toodlees 28 June 23, 1929.
and Kooty," after which the 'com. paay bade us good night.
EXCHANGE RATES.
[BRITISH WIRELESS, SERVICE. ]
Paris Geneva
Berlin
Oslo ......... Helsingfors "Athens
Buenos Aires
dong Kong New York Amsterdam Stockholm
Vienna Madrid
Bucharest Bombay
Rrony, May 9.
124.15 25.163
20.48"
18.194
-193 375 47.5/16 1/11
4.85 5/32 12.06
18.16.
34.545
33.99
818.
:.
A delightful programme which reflected great credit upon the large artistic aspirations of a small ship's company.
H.A.F.
CHINESE MINISTERS AND CONSULS.
SHANGHAI, May 10.
The following is the latest list of Chinese Ministers and Consola to foreign countries :-
*Great Britain, Dr. Alfred Sze, Minister,
*Canada, Li Tsing, Consul- General.
Singapore, Tong Liu, Consul
1/8 29/32 General. 1/10 3/16 34.94)
... Yokohama Brussels Milan Copenhagen Prague Lisbon
Shanghai Silver, spot & forward 25 5/18
Rio
92.65
18.
-10%
108
357/84 2/81
Recent Expansion of Business. A perusal of the figures prepared
•
Australia, Soong Fab Ziarz, Consul-General;
North Borneo, Kwei Chih, Consul- General,
South Africa, Liu Yee, Consul- General.
France, Kao Lu, Minister.
Paris, Chaug Zao, Acting Consul General.
United States, Dr. C. C. Wa, Minister,
San Francisco, Lone An King, Consul General.
Philippines, H. K. Kwong, Consul. General.
New York, Heiung Zung Chi, Consul-General.
Japan, Wong Yung Fad, Minister. Yokohama, Wong Yang Pao, Consul-General,
The business of Caldbeck,. Mac- gregor Exports, Ltd. is not being for the prospectus reveals that dur- acquired and there will be con- ing the past nine years the existing -of wines and nection between this company and company's sales the new public company. Caldbeck, spirits and of aerated waters have Macgregor Exporta, Ltd.," has no been more than doubled, while the The Cotton market (Chicago) interest whatsoever in the wine and profits during the same period closed higher with the following spirit trade
have, we understand, increased in quotations:
The issued capital will consist of an even greater proportion: the 80,000 eight per cent. cumulative assets to be acquired amount to preference shares of Tis. 10 each three and a half million taels ex-General. and 140,000 ordinary shares of Tis. 'clusive of goodwill, while 10 each, and of these 50,000 pre-liabilities approximate half that 18,96ference and 20,000 ordinary shares BUN.
Month Spots
May 2. May 2, 10.82 10.75 May ... 19.31.. 19.50 July
October (Old)
18.55 19.87,
18.74
October (New). 18.70
December
18.85
January
18.86
18.35
16.87 19.01 .19.04 19.17
March
Sugar. The sugar market closed lower with the following quotations:-***
Month.
May 2." May 3. Unq. 42,400
1.00
Sales, tous
Spots
1.
11
May
1.90
July
1.84
2.94
September
1.09
1.80
December
2.04
2.02
January
2.00
2.03
2.11
2.10
March
the
will be offered for subscription, the Based upon the average of the public having the option of apply-past four years, it has been estimat ing for two ordinary shares et par ed that the annual net profit of the new company will be well over the for every five preference shares to which they subscribe.
Tis: 200,000 mārk
The Hong Kong & Shanghai Banking Corporation will receive applications, on and after June 1 at their offices in Shanghai, Peking, Tientsin, Hong Kong, Singapore, Kuala Lumpur, Penang and Ipoh, where copies of the prospectus and application forms will be available on that date; such applications will only be received on the footing of the prospectus.
(Continued on next Column).
Since the report of this flotation- nade three weeks ago, the direc tors, branch managers and em- ployees of the company, to whom preference will be given, have intimated their desire to take up over half of the 70,000 shares to be offered, but we understand that no applications will be accepted except upon the forms accompanying the fali prospectus and after the issue thereof and subject to its terma
Kobe, Chow Yui, Consul-General." Korca, Wang Siu Zang, Consul-
General.
*Italy, Que Tai Chi, Minister. Holland, King Wan Sz, Minister. Germany, General Chiang Tso Fing, Minister.
Hamburg, Jen U Ming, Consul- Switzerland, Siao Chi Yung, Act- ing Minister.
Austria, General Chiang Tro Ping, Minister.
*Belgium, Foo Ping Chang, Minis-
ter.
Spain, Wang Ling Kwok, Acting Minister,
Portugal, Wang Ding Chang, finister.
*Sweden, Chu Chong Ten, Minis.
ter..
ter.
Norway, Chu Chong Yen, Minis
Denmark, Loo Tsung Yee, Minis
ter.
Brazil, Dai Un Sa, Minister." Mexico, Li Ching Lung, Minister. Cuba, Miao An Sao, Minister, Panama, Migo At Sac, Minister.. Chili, Wang Tien Moh, Acting Minister.
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS:
Finland. Chu Zao Yang, Acting H, Banks Minister.
D.S.R.A., Miao Shih Kung, Act- Vladivostock, Hau Hsiung Chang. ing Minister. Consul-General.
1. 10, 1929 ...41 210 bay, Fondan...191 hom
219 buy
Chartered Banks
Doit
Mercantile Banks, A. &E,E33 rom,
Doi P. & C. Banks
U...BIS!
nom
(90) nom.
BS
Irkutsk, Quan Zaun Ping, Consul-art Ana Banks General
Other Russian ports: Han Shib Tsong, Consul General; Pang Shao Fec. Coasul-General: Mou Hui Dong, Consul-General.
Peru, We Tz King, General.
10
Csaton Insurance....................1696 buy. Union Insurances. Narth Okina
Ins. T. 160 bay. Yangtze Insurances....... $50 nom. China Underwriters...$20 bay, 430 sel Conant-China Fire Insurances.... 13041 buy. H.K. Fire Ins: ...... ...1758 nom.
bo
........33 Bal.. Steamboat Tags
$2
Asterisk indicates those who have not yet assumed their respec tive posts.
HEALTH BULLETIN OF EASTERN PORTS,
The health bulletin of Eastern ports for the week ending May 4, 1929, is as follows
Plague. Port Said: r case, 1 death, Baghdad cases, 3 deaths.
Cholera.
Bangkok: 39 cases, 20 deaths. Pnom Penh 1 case, 1 death. Saigon cases, 2 deaths. Canton: 1 death.
4
Small-pox.
Basrab, 2 cases, 2 deaths. Balikpapan: I case." Macasser: 14 cases, 0 deaths. Belawan Dili: 1 case. Haiphong: 1 case, 1 death... Pnom Penh: 3 cases, 2 deaths. Saigon I case. Macao: deaths. Shanghai: 2 donths. Cantour 10 cases, 2 deaths. Swatow: 20 deaths.
Cerebro-spinal Meningitis. Shanghai: 39 deaths. Dairen: case.
Der
་་
E. Ropes
$7.10 buy. United Asbestos.......$5 buy.. Dairy Farms/en- $19.10 buy. Watsons
813.20 nom. ......80 cta. bay. A Wings Lane Crawford........$2 sel..
$18 Mackintosha.......
buy, $11.80 bay... Sinceres
$3.65 DOW. Wm. Powells.
K. Amusements ....30 sel H.K. Constructions......1). B'que. Indas G.Bonds...86% buy. HK. Gort Loans.5% prem, bay. buy-buyers; sel-milers; na-daléé ;
Dom-nominal,
B.K.
Indo-Chinas (Prof.)
(Det.)
Shell Transports Union
Son Waterboat
Benguettucastanyanatura Kallas Mining
brazy 1.6 201. 45 buy,
Takats(combl
Do (Engle) S'han Explorations ......? Loans ******** Shanghai
Baaba Tronah Mine
now.
zam,
mom
bay. 14'nom.
17. 23 Bol
****** $8.55 now
17/6 nom
B.K. & E. Wharfa.... E&W, Docks
China Providenta Hongk
New Engineeringe
Shanghai Docks
Two Lotions...
318! BUD.
sel
buy not.
4.55 sel
Tis. 5,60.buy.
b. 135 buy,
„TU. 121 bay.
Oriental Cottonk........... Tis, 2 buy, «
S'hai. Cottone (old)...........Tls: 73 asl.
Do.
(new)
B.K. & N. Hotels ELA. Landa *** Bhadk
1,10 sal..
$34.
461 buy.
a. 143 zom.
..18.35 nom
Humphreys Estates................114.33 nom, E.K.Kesities
HK Tramways 1 $18.60 bay. 182
10., 18.85 1. Peak Trams (old)... som..
"Do. (new)....55 8. Star Ferries China Lights, Oum, ($13.73 buy., 14
Bights...... 133/20 a. L seler Do. Ex Bights $73 пож Do. Rights 87.9 17.
ποτι
buy.
B.K. Electric ...........1571 bay, 68 sol. Macao Electrics ......... Bandakan Lights Telephones..skraven Claims Fusce .......
„Tim. 14; bay. Singapore Tractions..............11/6 nom.
Do. (Prof.)......16/6 buy. Chins Sugars ... 80 cta. 87. Malakon Bugars 127 buy. Canton Loos $1.80 buy, Cementa (combined)....18.10 buy..
9.30**i.
Do. (old) ...........37) set.. Do, (now) ......51.40 TO (Continued on Previous Column)
CHURCH NOTICES.
ST. JOHN'S CATHEDRAL, Hora Kosta.
May 13, 1989, The sandy kiter Aa
annich Day -
Holy Communion at 8 m.
Child's Service at 10 in.
Peak Sunday Bahoot at 10 sm.
监督
Matina If
Preicher The Rev. H. V. Koop,
Erensing at Bid:
Preacher The Boy, N. V. Hal
ward, ■.0, Mik.
197
FIRST CHURCH OF CHRIST, SOIENTIST.
(Branch of The Mother Check, The First Church of Christ, Scientist, in Boston Man, U.S.A.) MACDONNELL ROAD, BELOW BOWEN
ROAD TEAM STATION.. SUNDAY SERVICE, May 12, 1999, at
11.15.m.
Subject"ADAM AND FALLEN MÄN" The Sunday School is held on Sunday Mornings at 10 o'clock.
Wednesday Evening Meeting at 5.50
p.the
Beading Roomat above address, open- Thoaday and Friday, 10 am, to 12 Near Monday and Thursday, 5 to 7 pan.
The Public is cordially invited to attend the services and visit the Reading Room.
[87
WESLEYAN METHODIST
CHURCH,
QUEEN's Boan East. SUNDAY SERVICES, May 12, 1929:
Morning at 10.15
Preacher--Bov. F. O. Young, Evening at 6.00 pum.com
Preacher Rev. J. Knight Anstey.
SAILORS' AND SOLDIERS" HOME,
PRAYA EAST. Sunday, May 12, 1929 pm
8.15 p.m.-Service Men's Hour.
[4470
-LADIES' COLLEGE, JERSEY, CHANNEL ISÚJKBS-
FÜGESIN 1890.
Public School for Girls Chairman: The Right Hou, Tord GusnoneUGE PosChalomas: Sr Chakias EmO KALMAY
X.D., M.F. Sebolarships ranging from 220 to 250, inch par antram and Exhibitions of 10 gainnas kach par ananm, tenable at the Bchool, are open for competition ACH TALI...
N'
An examination will be held to July. All particulars may be obtained from the HEAD MISTRESS,
PRE-EMINENT IN EVERY COUNTRY OF THE WORLD
OBSERVE THE
LONG STRANDS
of finest golden Virginia tobacco, used exclusively for 555 Cigarettes. and the freedom from all dele-
terious matter.
STATE EXPRESS
VIRGINIA
CIGARETTES
555
Made by hand - One at a time
MADE IN LONDON BY ARDATH TOBACCO, CO; LTD:.