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SOLE AGENTS →→

TEL. C. 135.

THE HONG KONG DAILY. PRESS, WEDNESDAY, MAY 22, 1929.

Money and Markets

HONG KONG MARKET REPORTS.

Testerday's quotations for rice and other edible commodities are as follows:-

Rice..

Red Seal, No. 3 Green Seal, No. 3 Luk Sam Li Ching Chung..... Broken, Green Scal Broken, Black Sea! Glutinous, Red Seal....... Glutinous Broken, Red Seal Unglutinous, Luk Lung Moon Laglutinous, Ching Fa Lam

Miscellaneous, Granulated sugar, No. 18

Per Picul. 86.72

AMERICAN MARKETS

ADVANCE IN RUBBER QUOTATIONS.

NEW YORK, May 13 (U.P.), Demand sterling was quoted at Be the close of banking hours to-day at 7.31 84.64 unchanged with yesterday.

U.S. bar silver at .34 unchanged LOS with yesterday.

8.06

8.93

Domestic copper remains un- 7.56 changed at is cents a pound. 6.48

Rubber Advancos. 6.98" *.00 The rubber market closed higher

with the following quotations:-

May 14 May 15

0940

* 40

"'02 60

Month

CONTAC

86.83

Spot

21.60.

Granulated sugar, No.

24

May

21.60

COLTS....

7.33

June

92.10

Groundnut Oil Fongsze

21.90

July

22.30

99.60

Black Bean, Ching Yan

8.60

Angust

.92.30

23.00

Green Ten, Mochim

31.00

September

29.70

23,90

Black Date....

19.00

October .....

22.60

23.40

Red Melon Seeds

23.50

November

Нокс Коле.

December

January

CANTON TRADE NOTES.

February March Aprit

GANDE, PRICE & CO., LTD.

TRA SPEC

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HONG KONG, SHANGHAL,

Quotations for foreign four have recently shown a decline. As the exchange rate for Hong Kong

9.90 193.30 23.00 $23.60 93.30 23.90 23.40 24.00 23.60 24.10 23.10 24.201

Wheat Prices Prop. Wheat (Chicago) No. 320, hard,

THE RONALD ROSS

FUND.

MALAYA'S SHARE IN THE EFFORT.

A fand has been opened in Singapore by the Straits Timed in connection with the appeal of Sir James Barr, the famous English physician, to raise a fund of. £50,000-as-a-national testimonial to Sir Ronald Ross, the discoverer of the malarial type of mosquito and the method by which a certain type of malaria is transmitted.

an'

Malaya has still a very long way to go, however, before its contribu tion can be regarded as adequate expression of its debt to Sir Ronald Ross. Although it has been the enterprise of local medical men that has made Malaya an example to the tropical world in the field of malaria contral, it was the discoveries made some thirty years ago by Sir Ronald Ross that made progress of any kind possible.

No country owes more to Sir Ronald Ross than Malaya. At the time when his epoch-making dis coveries were made, some thirty years ago, the ideas held as to the origin of malaria were strange and wonderful. When Sir Ronald Ross visited Malaya in 1926, at the in- vitation of the Hon. Dr. A. L. Hoops, who was then president of the Malayn branch of the British Malcolm Watson, he was amazed

money has been lower, prices of which is accepted as par closed Medical Association, and of Sir

foreign four have been compara-

are

tively cheaper, and on this account merchants bought heavily.

Con- siderable quantities of native flour also being imported from Shanghai. In consequence, the market is overstocked, and demand is short on .account of military activities, only very limited quan- tities of four being exported to country districts. Demand for na tive flour is keezer than that for foreign flour, due to cheaper prices, At present. quotations for imported four are so low that the market is rather slack.

The demand for cotton yarn is unusually dull, as consumption by the country districts is small and stocks are accumulating. During

the last ten days several thousand bales of both Chinese and foreign yarns have been imported, making the market still more inactive. A further decline in prices is recorded.

Much success has been achieved by manufacturers of alectric supplies, especially of torches, in the city during the last few years. Factories manufacturing torches have increas ed to about a dozen. Hundreds of workers are engaged in each of the larger factories, while the smaller ones each have about 100 employees. The products of these factories are popular, as they are said to be in no way inferior to torches from abroad, while the price is cheaper. The output of the factories ia inadequate to meet the demand in country district and from Malaya merchants Chinese made cells are also in strong demand, and there are over fifty small factories en- gaged in this business, all making good profits.

*

Prices of rice have risen by about 30 per cent. in Waichow, a well- known rice-preducing district, due

the prolonged drought and to the military situation in the East River district, whence no rice is being imported. The current price is about one dollar for seven catties, this price being higher than in the Canton market.

wer with the following quota May 14 May 15 1.003 1.033

1.00 1.134 1.197 Cotton Lower.

tions:- Month May July September

11.09.

"

The cotton market (Chicago) closed lower with the following quotations:-

Moath Spot

May 15

19.60 19.33

May 14

13.63

May

.19.37

July

18.50

- 18.51

October (Old):

18.53

15.461

October (New) 16.30

18.40

December

18.68

18.55

January March

15.70

18.50

18.83

18.70

Sugar Quotations Fall,

and delighted at the progress that.

had been made. He declared that Malaya, with the single exception of the Panama Zone, was the out- standing example. of what can be done to control this tropical. scourge, and it is a fact tha: visitors from India are amazed at the extent and efficiency of the anti- malarial drainage and oiling systems in Malaya.

ENGLISH COMEDY

COMPANY.

"THE BEST PEOPLE" TO-NIGHT

AT THEATRE ROYAL

The sugar market closed lower

W. R. Banvard's English Comedy Company closed a highly successful with the following quotations:-

Month

May 14 May: 15 season last night at the Star Thea Sales, tons..... 38,100 40,400 tre, and to-night at the Theatre Spot

are 127/32 Royal

giving." The Best May

People," a farce which had a most successful run at the Aldwych Theatre, London, and which has been played to crowded houses dur

"The Best ing the eastern tour. People" played for over 300 conv secutive nights in London and is perhaps one of the most delightful plays in the Company's extensive repertoire.

1.97/32

1.82

1.80

July

1.85

1.83

September

1.80

1.88

December. 1.08

1.91

January March

1.88 03

1.98 2.01

HONG KONG IMPORT

TRADE.

HOW CANTON TROUBLES AFFECT BUSINESS.

In the fortnightly report of the Hong Kong General Chamber of Commerce the following reference are made to textile business-

Cotton Piece-Goods and Fancy Cotton Goods.. The following reports have been received:-

Cotton

To-morrow, Edgar Walace's great thriller, "The Ringer" will be given, in which the versatility of the artists is apparent in the change from broad farce to mystery drama. On Friday, A Cuckoo in the Nest" will hold the bill and will bring the popular Company's sea son to a close. Seats may now be booked in advance at Moutrie's at popular prices, 83, 82 and 81.

NAVAL MAN'S DEATH:

VERDICT OF SUICIDE AT SHANGHAI.

Mr.

Pay Comdr. George Henry Thomp- son testified that a naval inquiry was held by order of the Senior Naval Officer and tendered the re- port of that inquiry.

од

Further sales are reported in brocades, woven stripe poplins and shadow stripe poplins, New sales have also been made in turret clotha and cord stripe shirtings, but At the inquest held in Shanghai The quantity of rice imported in the majority of lines quantities last week into the death of William booked only amount to about 50 Arthur Kempahill, Engineer Officer into Hong Kong has shown a decrease during the past few days, per cent. of last year's purchases. second class, of H. MS. Berwick, A. J. Martin, mitting as resulting in higher prices. In CanOwing to the present unsettled ton, stocks are rather scarce and conditions in Kwangtung, with its coroner, returned a verdict that depreciating currency, deliveries deceased died by committing quotations are strong. Many orders have been placed with Hong Kong are practically nil; this state of suicide, while temporarily of un- affairs also accounts for the caa- to meet the local market.

sound mind, by drowning in the tious policy adopted by respon Whangpoo.. The depreciation in the value of sible dealers, in making their com nates of the Central Bank of China,mitments for next season. which are quoted at a little over remains steady, no Bastuations of 50 per cent. of their nominal value, any importance having taken place has seriously affected commercial since the last report. circled Disputes often arise over There has been a fair amount of the payment of transactions, as inquiry for poplins, brocades and merchante refuse to accept notes at striped shirtings. Further business full face value, in spite of previous has been settled in these lines, out agreement to do so in their busi- many offers have had to be referred ness transactions. As a result of back. Manchester prices have been these disputes the collection of ac a little easier, but weakness of ex- counts is seriously delayed, had change makes it difficult to connect. business is greatly impeded...

Some orders are reported to have been placed for black cambrics, and a small trade has been done in white shirtings for early shipment. The adverse situation at Canton has BERLIN, May 15. caused a temporary set back to

but The stock exchange opened again I clearances, deliveries have in a very nervous tone in conse shown some improvement during the quence of the continued stringency last few days. of the money market. Prices weak ened appreciably, especially dyes,

A few small lines are reported to poly-phone, artificial silks and other have been placed on union gaber- specialitics. The sole exception. were the shares of the German dines and union cashmeres, but General Electric (AEG) wherein generally speaking business in wool American buyers showed keen in- lens is at a standstill. Bradford prices are lower, the bulk of next. season's requirements having al ready been settled.,

terest.

BERLIN EXCHANGE.

Woolloas.

Za Chin Tre, a sampan man, the night of testfied that February 16 last, a naval officer hailed his sampan and boarding it pointed to a ship moored in mid- Stream,. Witness stated that wher the sampan was halfway to the ship, deceased stood up and tendered a dollar as fare and then threw him- self into the water. Witness grub- bed hold of deceased by the arm, but deceased shook himself free and im mediately, sank. Deceased seed to be perfetly sober. Witness re- ported the incident to the river police immediately,

SIR ERNEST WILD, K.C. INHERITS £64,000 UNDER HIS

FATHER'S WILL.

Cal money varied between 8.75 and 10.75 per cent Frankfurt was also weak following the declaration of a 12 per cent. dividend by the German Dye Trust, the same as the last one, which is considered un- satisfactory. Hamburg was also 186; No. 12, 8185-190; No. 168. former Mayor of Norwich, who

weak.

Berlin exchange. quotations:-

New York Lendon.....

4.2125

20.433

Amsterdam San

Rome

158,32

29.055

"Cotton Yarı." Market is stagnant and business entirely neglected. Nominal quota tions are as follows:-No. 10. 3175

The late Mr. Edward Wild, of Eaton, Norwich, retired grocer, for some years a director of Messrs. Younge, Crawshay and Youngs, Ltd., of, Norwich, an elderman and

Ar- died in February, aged 87, father of Bir Ernest Edward Wild, K., Recorder of the City of London, left £68,600.

8190-185; No. 20. 8195-200, rivala, 800 bales Shipments, nil, Bales, nil, Unsold stock, 1,400 bales bargains, 4,600, bales.

No business to report.

He left £4,000 to his niece, and

Ernest. Wild.

LA THROBBING, HUMAN DRAMA!

WHY DID SHE LEAVE

WHERE DID SHE GO WHO IS TO BLAME

"A sensational story of the perils and pitfalls of the modern flapper superbly told. by a brilliant cast of players headed by

BARBARA BEDFORD

MALCOLM MCGREGOR

AT THE

QUEEN'S

Lee The

PORT of MISSING GIRLS"

FINAL SHOWINGS TO-DAY At 2.80, 5.10, 7.15 & 9.20.

LAUGHS! THRILLS: ROMANCE!

AGNES AYRES

in

The AWFUL TRUTH

from Ina Claires great starring sucGESS by Arthur Richman

Released by

|| - PRODUCERS - DISTRIBUTING - CORPORATION

AT THE

WORLD

FINAL SHOWINGS TO-DAY

At 5.15 & 9.20 Only.

280 & 7.15-Chinese Picture, "The Girl General," Pt. 2.

A

WITH

A

GRIPPING MYSTERY STORY

THOUSAND AMAZING TWISTS!

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House"

FROM THE NOVEL ST- "MULBERT FOOTNER

DIRECTED BY

HARMON WEIGHT

PRODUCED BY "TILFORD CINIMA CORP

AT THE

STAR

THEATRE ROYAL

TO-NIGHT

At 9.15 p.m.

FINAL SHOWINGS TO-DAY

W. R. BANVARD.

PRESENTA

THE ENGLISH COMEDY · CO,

IN

At 6.30 & 9.20,

BALLANTINE'S

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ESTABLEIN 1827.

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To-morrow”

The Ringer Friday, May 24th "A Cuckoo in the Nest BOOKING AT MOUTRIE'S PRICES:-$3, $2 & $1.

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