Money and Markets
HONG KONG MARKET REPORTS.
PEAK TRAMWAYS CO., LIMITED.
'Yesterday's quotations for rice LAST YEAR'S PROFIT 850,000. and other comestibles were as fol-
low-
دوارم
Per
The Annual ordinary general Ficul meeting of the Peak Tratawaye Co., Ltd, will be held at the Hong Kong Hotel, at 11 am, on Friday, June 7, when the Directors will present the following report and statement of accosts for the year
Bico.
Ching Sheung Bay
Hang Fa Yuch
Ching Tin Sin
Luk We Fung
Broken, Black Seal
$6.02 3.83 7.40 7.15 5.58
White Bran, Black Seal
3.19
Long Englutinous,
Green
Seal
6.92
Unglutinous, Ching
'Sing
7.12
Miscellaneous.
Granulated sugar, No. 18
ended April 20, 1999:-
The Net Proft for the twelve months, "affer deducting
Fees and
Directors' General
Managers Remunera-
tion, and making pro- vision for Deprecia-
tion Amounts to ...... $50,601.6 To which has to be ́added the Balance brought forward from last peecunt
CORPSC
8 6.85
Granulated sugar, No. 94
COLT...
7.43
Brown sugar, Java .....
3.65
Selected edible bird's nest.. 3,000.00
Cured Hide, Lamti
5-1.00
Fish Maw
250,00
Dried Mushroom, Tung Koo
Black Sesame seed
11.60
Dried prawn, Kumshan
60,00
Dried Wainut
10:00
Making available appropriation
for
864,615.37
Black Bean
6:10
6.50 8.20
Soy Benn
Scarlet, Bean
27.40
CANTON TRADE NOTES."
Large quantities of building materials including steel cement, etc. have been imported from Hong Kong recently.
Prices of both rice and fire-wood have fallen owing to large arrivals. Rice of medium grade in being sold at about ten catties to the dollar being and the price of fire-wood is about seventy/catties for a dollar.
•
Banknotes of the Central Bank of China were quoted at eighty-six cents to the silver dollar on Wednes day and it is expected that they will be at, par before long, provided there is zo adverse change in the political situation.
•
*
Edible salt cories mostly from the East River districts and is exported to Henan and Kwangsi, and the country districts. The business was at a standstill for some weeks owing to the fighting on the West and resumed and salt merchants aro
THE HONG KONG DAILY PRESS, FRIDAY, MAY 31, 1929.
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
M. 30, 1929.
H.. Banks $1,250 buy,, 1.255/1,260 va. Do London...13 m. Chartered Banks ..... $14 buy. Mercantile Banks, A £8.293 now.
Do.,
P.&O. Banks
C...elt nom.
19; nʊm.
East Asia Bank
$90 pam.
Union Insurance
..$34J zol
Canton Insurances....... 1885 bay
.בסמ' 1776...
1. 160 buy. North China Ins. *** $50 nom. Yangtate Insurances...... Chins Underwritere 2.10 el. China Fire Insurances.....$285 buy. EL Fire
.....$34 el. Douglases.......... H.K. Steamboats R. Tag 1,60 Indo-China (Prof.)...$45 bay.
Do (Del.)... nom.
7. дол Bbell Transporta
Waterbosta nom..
802 Union Bengactw buy. Admin...6/9 nem.
Ti 14 nom."
Lang kata(combined). Do. (single)
S'ha Explorations
Bhanghai Baube
LORD
Th
Tisso
„Tix, 41 sel.
Tronoh Mines ............17/8 DOLA, H.E. AK. Wharf.......... $1234 buy...
* 183/14
Cottous...1
пом
Bel
nom
FIRST WOMAN IN ROCKET CAR.
HOTEL EVIDENCE "SUSPICIOUS."
INVENTOR'S, WIFE ON HER PETITION OF A BARONET'S
EXPERIENCES.
FAITH IN HUSBAND.
Frau Hedwig Valier, the wife of the inventor of the rocket-propelled motor-car, is the first woman in the world to be a passenger in such a machine.
"You will first be inclined to ask," be nid to a newspaper re- presentative during a discussion of ber experiances, "if I was not a little nervous when I seated myself in my husband's Rak-Bob I.' with its 30 lb. of explosive powder. To be fair to myself, I was not, for I am accustomed to put the fullest faith in my husband's apparatus.
Step by Step.
가.
I knew he would not let, me start if he were not quite sure that all would be in order. This is reasonable, of course, except that if by bad mischance an unforeseen ac cident should occur, but then if one calculated all the time with such. possibilities, one would never travel by motor-car or train.
EK. & W. Docks .........$38. 13,933.75 China Providents
Hongkow-by sarakte
Th. 5.85 buy. New Engineerings .............
Tis. 126 nom. If I had any qualms at all, it Shanghai Dooks
Ti 1140 bay. Bro Catios...
whether the ski-carriage in Oriental
Tia, 2 bay, 2.10 sai. Was S'hai. Uottons (old)... T. 661 dir. buy, which I rode would start correctly, Do. (new)...Tia 30 x dir, nom reach a high enough speed, had $8.50 bay, 8.20 sel cover a sufficient stretch to give H.E,&B Hotels
satisfactory proof of its sporting Lands
............. $421 buy.
value. ...Tim. 140 bar. Shanghai Lande Humphreys Estates..............$14 vel. ELE. Realties... ..$8.35 10). H.K. Tramway..... $18 buy. Pak Trams (old)......$12 buy.
Bo.
(now)....38.65 nom, Star Ferries Chias Lights, Cum.
The Directors recommend that the amount available for distribu- tion viz:-$64,618.37 be allocated as follows:-
4
Pay a Dividend of 10
per cent en 23.000 shares fully paid up... $25,000.00 Pay a Dividend of 10
per
cent.
50,000 01
shares $5 paid up 23,000,00 Write off Household
and Office Furniture 1,000.00 And Carry Forward to
next account
*.
13,815.37
$64,615.37
DIRECTOR-During the year Mr. C. Gordon Mackie, Mr. M. H. Turner and Mr. A. B. Stewart re- signed from the Board on leaving the Colony.
Mr. J. Scott Harston; Mr. R. E. Coxon and Mr. L. J. Davies were invited to join the Board.
The present members. Sir Robert Ho Tung. Sir Elly Kadoorie, Mr: J. Scott Hareton. Mr. R. E. Coxon, and Mr. J. Davies retire, but being eligible, offer themselves for re-election.
The accounts were audited by Mears. Lowe Bingham & Mut- thews and Messrs. Linstead & Mears. Lowe, Bingham &
Davin.
Rights...
NOIA..
$184 buy
13.00
Do. Ex Rights 313 wel
Do. Kights
Skid Bull. $561 el. H.K Electrics....** Macao Electrics.......116) nom. Bandakan Lights $2) mi Telephones********* Fla )'+i bay.
buy Chízia Buson koruna) Singapore Traction......11/6 Hol
Do. (Pret)18/6 buy, China Sugars
8 cta. buy. Malabon Bagar....$27 nom. Osutan Ices..............1 80 bay.
18.30 L Cementa (combined)...
Do. (old)...... Do. (new)......$1.40 nom. " HK, Bope... ..$7 rel. United Asbestos..... Dairy Farmá.......... Wations
Der Winga Lane Crawford.. Mackintosh.... Binceres
12
Wm. Powella ................
$19 bay..
Siz buy. 80 eta, buy.
Bel.
818 buy.
..$11.80 bay..
$3.65 eel:
I therefore, endeavoured to in- duce my husband to load ten, or at least sight, rockets, but he would not hear of it, and stood steadfast by six. My husband is, contrary to what many who are watching his experiments from afar think, ex- ceptionally careful in all matters concerning his rocket-propelled ma- chine, and moves forward slowly. and step by step. "
Inquisitiveness... "Never would he allow tests with Any construction likely to be dan- gerous. Indeed, his first run with the rocket aled in Schleissheim re- eently was without" crew of any kind, and had only eight rockete, for he wished to be sure that, with the huge starting pressure, the carriage would not be pulled off the
runners...
"The sled then achieved about forty-five miles an hour. My hus band took his seat in the sled with two rockets only, and with these two rockets attained a top speed of nearly forty miles an hour. This I knew of in detail, so that instead
HK. Amusemente...399) bay, 29 sol of having any fear I was rather
H.K. Constructions). B'que. Indus. G. Bonde...07% O bay-bayan; sel-sellere; h—saics
nom,-nominal,
WIFE ADJOURNED.
UNKNOWN WOMAN..
Lady Horlick, of Combe Wood House, Kingston Hill, was a peti- tioner in a suit which came before Mr. Justice Hill in the Divorce Court recently.
She asked for her marriage with Sir Ernest B. Horlick, Bt., whose address was given na Norfolk- street, Park-lane, W., to be dis solved on the ground of his alleged misconduct at the Hotel Metro- pole, Brighton, with a woman un- known.
Evidence was given by Lady Horlick, an inquiry agent, #k chambermaid cf the hotel, and Sir Reginald Pocle, the solicitor.
Judga's Doubt.
Mr. Justice Hill, after hearing the evidence, said that it made him suspicious whether the woman at the hotel with Sir Ernest was different from the one about whom he had written, admitting that he was living with her, and stating that he was anxious to marry her,
"It makes me very suspicious,' he added, whether the Hotel Metropole affair was a put-up job."
He would be disinclined to be
lieve that Sir Ernest had commit- ted misconduct at the hotel if a different woman were concerned. He was always suspicious of hotel misconduct to begin with. In this particular case where misconduct was alleged within three weeks of his writing, "I am living with an- other woman whom I am anxious to marry," it made bim exceeding ly doubtful whether he did take up with another woman.
Mr. Noel Middleton, for Lady Horlick Bat we do not know whether it was another woman.
Mr. Middleton added that every effort had been made to discover the identity of the woman" at the hotel.
Mr. Justice Hill: I shall let the case stand over in order that fur ther inquiries may be made re- garding the identity of the woman.
Solicitors Reply.
Mr. Middleton later in the day again mentioned the case. He said that in consequence of the observa- tions of the judge Lady Horlick's solicitors had communicated with the husband's solicitors, and had received an answer which he would like the judge to read.
Mr. Justice Hill having done so said that he had felt sure that if a little pressure were put on the would be forthcoming. The peti tion could be amended and served on the person named and the case
As possible.
North Rivers but the trade has been Matthews and Messrs. Linstead & H.K. Gort. Loans«.6% prem, buy, start when we were held up by Press name of the woman concerned dealing with a large number of Davis offer themselves for re elec
orders.
Textile manufacturers have been doing exceedingly well in Canton in recent years especially those produc- ing hosiery, underwear and hand- kerchiefs. Native underwear is ex- ported to the country districts in large quantities but superior quali- Lies, from England and America, rach price costing two dollars up- wards are not in big demand. The importation of underwear from Japan is practically nil at present.
+
•
The market for groundnut oil which has been dull for months is now improving and while there has been a fair demand recently arrivals are limited. Price of camellianut oil is firm and there is a fair demand. Both bean and wood-tar oils are moderate. Latest quotations for oils of groundnut, camellia-nut, bean.
tion.
RAW SILK.
U.S. CONSUMPTION SATISFACTORY.
RUSSIA AND PLATINUM.
keen that we should break records.
"The rocket-sled was ready to photographers sad film operators, who, possibly, also calculated the enhanced value of the pictures should a catastrophe occur. Then, put in the list for hearing as soon
when the last man had withdrawn from the "danger one," my hus band pressed, my hand and Herr Sauer, the rocket expert, parted the
BID FOR WORLD'S MARKETS. fring control cord with his ciga-
[British United States.]
Messrs. Pentreath & Co. have kindly forwarded us the following
New York-Russia is trying to letter dated May 8 from Messrs.
regain leadership in the world's Hornby Hemelryk & Co. of Liver platinum market. Before the war, Russia occupied the dominant poai- pool.
Reports of increased stocks iation in platinum production. The war and revolution disrupted the Japan and the anticipation of larger arrivals in America led to trade, and following it Colombia some weakness on the 2nd inst., but ranked as the world's chief source of prices have since recovered a part platinum.
The of the loss, and compared wish
the close values ruling at Wednesday last, quotations are 4c.
rette,
Invesible FlamÓ,
"These ten seconds, I must say, caused a prickly sensation over my skin: just a momentary flash of the possibilities crossed my mind. Fear I could not call it, but per- bape inquisitiveness as to what might happen quickly in the next few minutes.
"Those ten seconds were very long-then ene a light puff; the time-fuse, which distributed igni- tion to the rocket battery, WAB world demands about alight! Still a second, and at last 170,000 troy ounces per year" says the flame of the first battery burst a bulletin from the Headquarters forth.
not see,
Society. "Platinum in jewelry
BALLANTINES |
in use for almost 100 years.
ESTABLISHED 1827.
By Appointment to
H.M. The Late Queen Victoria
H.H. The Late King Edward VII.
and
His Majesty King George V.
WHISKY
10 years old.
GEORGE BALLANTINE & SON, LTD. ' GLASGOW AND LONDON. DISTILLED IN SCOTLAND
and woodstats are $22, 20.30, lower for nears and ic. to 2c. lower from the National Georgraphie. Toe dame I could not and PURE SCOTCH LIQUEUR $17.90, and $39.10 per picul respec for more distant deliveries. tively
Mail advices from New York state takes approximately 57 per cent of to be far behind. But this was per- that owing to the condition of the annual production. There is haps because of the rush of wind in During the anti-Japanese Boy-stocks in the spot market many con- less demand for platinum to-day the ears at the great speed, with cott, Kailas coal (Chinese) was sumers have been buying futures than in the pre-war days according which we at once rushed across the consumed in Canton in considerable in order to take delivery of stan- to the bulletin." Platinum is used ice.. quantities. But since the Boycott dard grades. The selling is believed in photography, radic tubes, x-ray, was lifted, the place of Chinese coal to have been furnished by profit medicine, dentistry and in the has been taken by Japanese coal taking and speculation,
rayon industry. The role played by which has been in demand on ac Consumption in America is satis- this precious metal in chemistry is count of its cheaper price. Chinese factory, and mills are making good most important. coal is consumed by Governmental progress with summer lines, departments and public works but tailers are optimistic in spite of the nimount demanded by merchants recent bad weather. April con is small. During the present month.sumption is privately estimated be- only about 5,000 tons of Chinese tween 47,000 and 50,000 bales. coal has been imported..
The following price differences have been fixed for the current month :-
Grade A: Premium 65.
EXCHANGE 'RATES.
[BRITISH WIRELESS SERVICE.]
Paris
Oslo.......
Geneva
Berlin.....
Helsingfors ..... Athens Buenos Aires Hong hoạt New York Amsterdam Stockholm Viennt Madrid
Bucharest
Re-
"It was as if one was pushed for ward by a tremendous giant st. But there was no 'punch and no sign of jerkiness; it was as if a motor-car started off at top spoed. ""The Soviet Government recently The second and the third battery withdrew from an international ignited successfully then an easy agreement which limited the amount jerk and the sled slowed up in the that she might put on the market. snow. Laboratory Tests, In 1928 production amounted to 92,000
ournees, increasing
over
100,000 ounces in 1927, the year in which the international trade agree ment was broken by the Soviet Government. Engineers wish for Russia to reach her pre-war pro- duction which about 200,000
B:
30c.
2)
*
ዑ፡
15c.
#
$4
ounces.
D: Basis grade.
E: Discount 10%.
F:
W: Basis price.
15c.
15
X: Discount
Bc.
Y: Premium 7c.
Z:
£c.
St
16
་
THE FOUR LEADING BEERS ON THE
·
MARKET
SUIT ALL PALATES.
MUNCHENER BURGER-BRAU.
PILSENER SUPERIOR QUALITY.
TUBORG ·FABRIKKER,
DARK.
LIGHT.
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."
GANDE, TEL. C. 135,
SOLÉ AGENTS ---
PRICE & CO., LTD.
Foxs Kors
"Water Shortage "
Chinese Opinion Is Strongly Expressed in the current Weekly Edition of the "Daily
Press.*
Ministers at
Foreign Sun Yat Sen's Funeral;
The Fate of Wuchow:
*
'Banks
and Cheque
',
Books
are other
articles of interest.
POLITICS, COMMERCE, AND SPORT.
Price: 30 Cents.
Annual Subscription: Hong Kong, 813; Post Free to any address, 815; Quarterly Subscription, $3.75. -
Orders should be sent to the
HONG KONG DAILY PRESS, LTD.,
TELEPHONE: C. 12
better
than
It is
"What bad luck,' I thought, that it is over so soon,' and I gave If you want a really first class my husband a good curtain lecture Scotch Whisky at a reasonable price, for not having loaded, with twelve.
have no rockets instead-of-a-mere six. The you can speed, we found, was well der Ballantine's Liqueur Whisky. forty miles instead of the fifty miles excellent. per hour we had expected.
Unfortunate but still it was a
"Recently the U.S.A. government purchased platinum dredges in this useful experience, and the cbserva-
country and had them shipped to tions on this attempt enabled im- The French Store
the Ural mountains, the seat of the provements which were valuable in the further trials, for a couple of greatest deposits of the metal.
Africa, Russia, and Colombia weeks later my husand on the Star- The quantity of Raw Silkin are now the chief contenders forberg Lake attained nearly 300 miles transit on April 30 is privately premier honours in the platinum per hour with five batteries of estimated at about 30,000 bales producing field.
RUBY, MAY 29.
".
124.05
25.195
20.35
16.20
-1927
075
47 7/32
1/11
4.85
12.085
18.135
*3454"
34.376 818
1/57 1/10 1/32
31.905 92.85
15.20
1034
1001
ก
Shanghai
2/12
Silver, spot a forward
Bombay
Yokohama
Brussels ......
Milan
Copenhagen
Prague...
Libog
eighteen rockets in his .new 'Rak- Bob 11.'
30 This last test suggests further improvements and the possibilities of beating the world's speed record. Only each test costs about £27; not much, it is true, but, multiplied many times, becomes a serious figure. I am convinced that if the
(which would compare with 20,000. bales as the end of March), whilst warehouse stocks are expected to be
It is a rule of the English Bar about 40,000 bales, against 43,218 that a legal text-book may not be bales at the end of March.
cited in Court until after the death According to our latest cables of its author. Touching that rule from New York, the technical there is a pleasant story in the Law strength is likely to continue pend. Journal. Counsel was quoting tests could have been continued ing more definite news regarding passage from "Serutton on Char-while, 350 miles per hour and more new crop prospects. Importing interparties," in a case which was terests continue to accumulate pur- being heard by the author of that chases of nears against sales of dis-work. The following inquiry and tants Manufacturers are buying reply then ensued:-Scrutton, L.J.:
Barrattiamo
per aware that the author of that book is still alive! Counsel: I'm sorry, my Lord!
Piece goods sales are satisfactory. The undertone is easier.
would have been reached.
Perhaps more immortant are the laboratory tests of fluid pro- pellants with the rocket motor for flying machines, to which my hus bond is at present Cath himzelf.
Beaconsfield Arcade.
-SERVICE-TO-RËSDERS...
HONG KONG DAILY TRESS, LTD., and the HONG KONG WEEKLY PRESS, through their London Office; at 91, BRIDE LANE, FLEEZ STREET. E.C. 4, are pre- pared to give Subscribers and Visitors advice regarding accom modation available, motoring faci lities; suitable shopping centres,
etic
If, when at home, they will enll or telephone to the above address, they will receive the utmost assist- Ence and the latest available infor pation, on all subjects nf enquiry will be placed at their Ul theat
UNCLAIMED TELEGRAMS:
اور
AT THE EASTERN EXTENSION,
"AUSTRALASIA AND CHINA -.
TELEGRAPH CO.
ÅRDRESSED
FROM
Asem Jagat Singh Mistry
derat 2 Gulstgaard
Shanghai
Amritear Bangkok
AT THE GREAT NORTHERN TELEGRAPH CO.
...ADDRESSED
... Frox! Cochran, Van Buren...Peping A Kun...
...Omon ..Shangbai Tokio
Bai Company
"Ozório, 11, Glenna
11, ICE HOUSE STREET.
Don't worry
Fin here!
A Welcome Visitor
st any. time in `avery Every
bousehold. Bug, Fica, Ecetlo,
Moth, Fly, etc., dies
once it has come into
proper contact with
KEATING'S