J
Money and
HONG KONG MARKET
REPORTS.
Markets
THE HONG KONG DAILY PRESS, SATURDAY, JUNË 8, 1929.
PEAK TRAMWAYS,
CO., LTD.
IMPROVEMENTS TO TRACK.
HONG KONG SHARE MARKET.
Yesterday's quotations for rico BENJAMIN & POTTS' WEEKLY and other foodstuffs were
As fol- low:-
Per Picul.
SHARE REPORT.
Messe Benjamin & Potts in $2.13 their weekly share report yesterday
8.02 5.49
Rico.
Green Seal
Hong Sai Ser
Hunk Fay Ma
Hung See M
Long Unglutinous, Red Seal.
Long aglutinous, Hung
Kum Ou
Cargo Rice, Green Seal ... Round Rice Black Seal
*7.04
7.14 5.80 861
Ciranulated Sugar, «No. · 19
VOU PRE
Miscellaneous,
Cuban Sugar, No. 19 Groundnut Oil, Fongtze
Fine Rattan ..
Dried Fungus. Kumshan Dried Chestnut Aniseed
state:-
Dullness still prevails in the local market and with few exceptions prices show an easier tendency,
Banks-Hong Kong and Shang hai Banks are slightly weaker with The shares offering at $1.250. latest enbled quotation from Len- don is £132 (Middle),
Fire Insurances. Marine & 823 Inions are also easier with small 70 sales reported at $330. There are at 8053 and 11.60 buyers of Cantons 68.00 China Fires at $995. while Hong'
at. $773 11.50 Kong Fires 17.40 neglected.
36.05
COTTON YARN. Prices of foreign cotton far have fallen by several dollars since last week.. Latest quotations
are as follow- No. 40 Choy Kon
Sunlight
Poo Loy
No. 32 Chou Kou
No. 20 Poo Loy
Blue Phenix No. 12 Larp Ma........
Sheung Koon
No. 10 Parrot
$ 90
.302
300
2206
108
continue
shares
Mr.
MOTORS AFFECTING
RECEIPTS?
Henry Humphreys, (Chair-
man) said, at the annual general meeting of the Peak Tranıways Co., Led, which was held yesterday in the Hong Kong Hotel, that during
the year under review the old 35lb. rails had been replaced by stb. ails and, the curve" had been straightened out at the passing place. The more up-to-date operat ing mechanism had been made in the Company's workshops and the work carried out by their staff. The trafic receipts had been affected by motor-car competition.
Supporting the Chairman were :--- Messrs. J. Scott Harsten, R. E, Coxon and L. F. Davies (Directors) and Mr. G. Rapp (Secretary).
The Chairman addressed the meet-
This
Shipping A dividend of 12- in respect of the years 1924 and 1925 has been drelared on Indesing as follows:- "Preferred "* and
have
During the year under review the advanced to 8501. The Deferred replacement of the old 35lb. rails are unaltered at 870. Douglas by new 45lb. rails was completed for Steamships shew a further decline the full length of the track, with sales made down to $27. new work included the straighten- Steanthoats have receded to $2ing out of the curve at the passing Waterboats are idle round 829.
place, the laying of new points and the erection of a new Points House with more up to date operating mechanism which was made entirely in our own workshop. The whole of this work was carried out by our own staff without serious interrup- tion to the service. All works.com- ing under capital charges have now been completed and we do not anti- cipate any further expenditure in connection for some consider- able time.
Docks, Wharves and Godowns Another sharp rise is to be noted in 100 kowloon Wharves, which after sales 173 at $127 advanced to 8132), Hong 170 Kong Docks can be placed at 835. 10 China Providents were realised again at 84.03. Shanghai Docks are firmer with buyers in Shanghai at Tls. 199. The rise is due to the announcement of a sale of land. Engineerings are unchanged at Tls.this
Kum Hang Tai Fat
FLOUR,
Five Swallows
2.TF
Banana
.78
80
3.04
Banana Tree
Cabbage
Blue Gunbont
Yellow Buddha
Golden Ox
Big Gun
TINNED GOODS,
Bamboo Shoots
Preserved Ginger
Butter
Popper
Curry
Mustard
Pine-ample
Carambola
Lychee
2.70 9.75 9.78 2.95
3.53.
Lands, Hotels and Buildings.-A fair quantity of Hong Kong Lands were taken off the market at $69. Hong Kong and Shanghai Hotels dre enquired for at 841. Hem. 817.00 phrers are on offer at $131. Shang; 7.00 hui Lands were done at Tls. 141 and 28.00 continue in request. Realty's have 9.00 had a setback and business has been 4.30 done down to 87.40.
5.40
Public Utilities-Hong Kong 7,40
Electrics are a shade lower with 6.00 7.20 sales made at 853 and further sellers at this price. China Lights (Cum Rights) have huyers at 213.50. Hong Kong Trams changed hands
CANTON MARKET REPORTS. 18.20. Peak Trams continue in
COTTON YARN.
demand at 8122. Star Ferries were dealt in at 863).
Motor Car Competition. Turning to the accounts, traffic, receipts show falling off of 4.581.59, and the net profit a de- crease of 81,579.34, as compared with the previous year. As regards traffic receipts, there is no doubt we have been affected to some ex- tent by motor car competition, which will probably become more accentuated when May Road is opened up for motor traffic..
Increases on Asseta Side Explained.
As regards the very big increase under the beading Stations, Lease- holds and Buildings amounting to $216,720.95, I would remark that nearly the whole of this increase is Miscellaneous. - Green Island
due to sundry items, viz., Upper Comment (Combined) were negotint-terminus, reconstruction lower ter There has been "seme activity in at $8.15 and Dairy Farms at
minus, car shelter lower terminus, the cotton yarn market recently $19. Hong Kong Amusemberts are
Wm. Powells, engine house, inland lot 2306, Bowen and the demand from the country saleable at 8291. districts especially Fatahan is with a dividend of 23 cents pend Road, and workshop, Lugard Road mutch better.
Prices of No. 20sing, are on offer at 3.65. China fermerly shown separately). being Are three to four dollars higher Sugars have lapsed to a nominal included under this one heading, at while No. 50% and No. 42s are eight quotation of 50 cents. Hong Kong the suggestion of the auditors. to ten dollars higher. According Government Eoan is
unchanged
to telegraphic advices, prices in with buyers at 6 per cent, pre- Shanghai have also. advanced. mium.
Quotations at Canton market on Cotton Milis. Ewos are in de Thursday were as follow:-
mand at Tis. 12 after sales at this $235 rate. Orientals have advanced, to Shanghai Cotton (Old) 35 Tis. 2.10.
have buyers at Tis. 67.
No. 10 Golden City
Peacock
Lotus & Bee
Yan Chung
Tai Fat den Excellent Crop's
No. 12 Larp Ma
Foo Kwai Aeroplane
Poo Yee.
noe
7
935 Exchange.The T.T. rate 01 230 London to-day is 1/10 and on 230 Shanghai 82.
256 Forward Settlement Days.-June 255 23, July 30, and August. 27, 1029.
952
Gra
Golden City
256
Pretty Damsel
242
CANTON TRADE NOTES.
No. 16 Globe
210
Sunlight
260
Blue Phenix
258
No. 20. Shepherd'
Ng Fook
Sin Tao
Blue Phenix Hung Hay Wan Pang
No. 32 Choy Kou
Blue Phenix Pine & Deer
No. 40 Choy Kou
Yang Hok Flower & Butterfly Larp Ma
RAW SILK.
14/16
20/22 13/15 Best I
The salt market has improved 970 somewhat owing to a fair demand 263 from Kinngai and Huner
260 260
+
According to telegraphic advices 283 from Shanghai, prices of black tea 28 have fallen there but green tea is 370 steady. In Canton, prices of both 368 black and green tea are firm.
350
364
M
The increase in Electric Haulage Plant of $3,008.72 is due to work shop equipment (formerly shown separately) being, at the request of the auditors, incorporated under this heading.
The increase in Permanent: Way of 88,127.11 represents the final ex- penditure in connection with the fattening of the curve at the pass- ing place and other items in con- nection with same, already referred to.
The adoption of the report and statement of accounts was carried unanimously on the proposal of the Chairman, seconded by Mr. F. W. Stapleton. No question were ask- ed.
Other Business.
On the proposal of the Chairman, seconded by Mr. J. Wilson, Sir Robert Ho Tung and Messrs. J. Scott Harston, R. E. Coxon and L. J. Davies were re-elected directorS,
On the proposal of Mr. D. E. Clark, seconded by Mr. W. Marley, Messrs. Lowe. Bingham & Matthews and Mesars. Linstead & Davie were re-elected auditors at a remunera tion of $250 each per annum.
Shareholders Present.
The following shareholders were present:-Messrs. S. F. Chubb, D. E. Clark, W. Morley, V. F. Soares,
Interchange of goods between 430 Kwangtung. Kiangsi and Hunan has 432been much curtailed by the mili 430 tary operations in those districts, but trade is now resuming its normal proportions. Large orders have been received by Canton mer. FW. Stapleton, D. Wilson, and chants from Shiukwa and places. M. Wong. in Southera Hunan and Kiangai, and Canton have imported a con- siderable amount in exchange.
H.F.8045
800
910
$0.10
SUGAR. The market for sugar is steady and prices have slightly advanced. Latest quotations are as follow:- Granulated, No. 2 coarse.. Granulated, No., 20 coarse Granulated, No. 3 coarse.. Granulated, No 1 Fine White sugar, Waichow Sugar candy, Waichow... Brown sugar, Wanglik Brown sugar, Tungkun
Brown sugar, Hoyuen
VEGETABLES FOR THE
HONG KONG TUGAND
LIGHTER CO.
The export figures for raw silk during May, shew an increase of 3,300 bales over the previous month. The silk merchants however, protest LIQUIDATORS APPOINTED. 10.38 that they have made no profits on 9.35 account of the fall in prices. The
At дл extraordinary general 10.50 expart figures are:-April 4,610 meeting of shareholders of the 8.30 hales, and on May 7,932 bales. Of Hong Kong Tug and Lighter Co., 8.17 the latter 4.852 bales were export Ltd., held at the Company's offices,
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
Just 7, 1929, ........... $1,354 1. 1,242) a London... 2132 hom
H.K. Bank
Do Chartered Banks ..... Bly buy, Mercantile Banks, A....33 nom,
Do..
0...15; nom, P. & U. BankV) num. East Arım Banka ..$30) nom. Cantos lusurance, 330.
..$866 bay. Union Lamaraners North China In********* $50.
160 Yangtese Insurances........ China Underwriters China Fire Insurances...255 bay. H.K. Fire La ...............
$778 nem. ...3x7 nom.
Douglases
se
H.K. Mtamboats H.. Tugon Fo
$2.00 sel. Indo-Chinas (Pre)....$50 bay. ......$70 nom.
Do
... nom.
buy.
Shall Transports ..bilnom. Union Waterbosta. Bengueta.
sf bay. Admin...63/9 nom. Kailan Mining Ada Langas (combined)..............Tla, 14-nom. *Do.--(ningie), 71 m. S'ha Explorations -“ዉ ።4 BOM. Shanghai
Tik ag mei
ROLA
Lonna
Barbe ***** Tronok Mines
H.K. & K. Wharia ...--. |
Tm.
B.K, & W, Docka Unine Providsats Hang****
135 boy
...
bay, 410 sal. Tls. 188 nom.
SUGAR.
A SURPLUS SUPPLY,
Messrs. Pentrenth & Co. have kindly forwarded us the following letter, dated May 10, from Messrs. Hornby Hemelryk & Co., Liver- pool
The London market shows a fur- ther decline of about 3§d, for Raws and about 3d. for Whites since our Inst report.
Further continuous liquidation has been seen in both the London and New York markets during the past week, and the lack of fresh buying power has been more noticeable than for some time past. Both British And American Refiners are holding Inrge stocks of Raws, and, in spite of the com. paratively low prices, they are ex- periencing great difficulty in dis- posing of the refined product. This naturally removes for the time being a most important "buy ing factor from the market.
Farty central are reported to be still grinding in Cuba against t Al- last week and 18 last year. though the centrals are slowly closing down, some of the largest mills are still grinding, and. st. the moment, it looks as if Cuba will produce A crep of about 5,200.000 tons.
British Refiners have again en-
into
with contract
New Engineerings.Tim. 5.85 bay, 6 scltered Shanghai Docks
15.128 bay.
Tis. 19.40 buy, 1.06 buy. Tix. 07 bay. AL 30 zom.
Ewo Corton... Unental Uottods ******* o'nal. Cottons (old)
Ujo. H.K. & ! N. Hotels HK. Lauts
$5.70 bay, 8
nom.
7.
DOCTORS WHO SUFFER FROM
TED MA
INDIGESTION
OCTORSknow that most cases of diges tive disturbance are due to acidity, and so, when they themselves get an attack of stomach pain, they obtain instant relief by taking 'Bisurated' Magnesia If you suffer after eating; if food lies like lead on your stomach, causing distress and keeping you awake at night, get a package of 'Bisurated" Magnesia And take a little after meals, or whenever pain is felt. You'll say, with the doctors, that though the treatment is cheap and simple, there's nothing to beat it anywhere, at any price. When buying always look for the aval Bismag" trade-märk on the wrapper.
BISURATED
QUICKLY STOPS INDIGESTION
ELECTRIC LOCOS,"
FOR USE IN CHINESE COAL MINES.
hour.
TO-DAY'S WIRELESS
PROGRAMME.
BROADCAST BY ZB.W. ON 350 METRES.
An order has just been completed Australia for their surplus Sugar. Greenwood and Entley, Ltd.. of crop during the second half of Leeds, for China. This consists of a series of seven electric trolley
1.48 p.m.-Weather report. this year, the price to be fixed on
locomotives, suitable for running on
5.30 to 6.30 p.m.-Programme" of the basis of the price of British an 18-in. gauge track, and capable Chinese music, (Records supplied granulated at the time of arrival of the cargoes.
of giving a normal draw-bar pull of by The Sincere Co., Ltd.). A figure of from
7.49. p.m.-Evening weather re 150,000 to 170,000 tons is mention-2.000 15. (910 Lgs.) at a speed of: ......TE 141 buy.
kilometres per port. ed for shipment between June and approximately 10 Leade
8 Humparnys Hintates......$14 buy.
p.m. Evening December, ties.$71 col., 7:40,45 a. is no getting away from
programme. These locos are intended for use (Columbia records supplied by
•H. K. Amwaya ....... $181 bay.
the fact that
in coal mines and each incorporates Messrs. Andersen Music Co.). we appear to be
two 20 h.p. motors driven by cur 10.30 p.m.-Close down.. facing a surplus supply of sugar
SUNDAY'S RADIO, for some months to come. Unless rent eallected from a trolley wire unfavourable weather on the Con- by means of a pentagraph collector.
The following programme will be tinent comes to the rescue, the Thus they are not battery trucks broadcast from
the Government. most interesting question is whe-though their design is such that Broadcasting Station Z.B.W. on 350 ther the article will be driven to they could readily be altered for a level so attractive that at long use with batteries. As their length last important refining or specula-is about 10 t, they are of handy! tive interests will be attracted in dimensions and should prove useful to inaking very heavy purchases for any kind of mine work. which might at once relieve a bür densome position, as has happened before in the history of sugar.
Close London :-
Do.
Tram (old).10 buy. 50. (new) ......$6.55 nom. Star Furries
$561 nem unsus Ligate, Com. Rights $1.80 buy,
Ex Kights..............$12.85 buy, Lla Highis $7.90 buy. B.K, ectrics. ......$65 buy, á sa Macao Electrin.......$255‡ nám. * Sandakan Lighte2} Telephonia 1st bay.
bay. China Busca " Singapore Tractions..............11/3 sel.
Do
(Pref.)......18/- nom. China bagay...80 cta. bay. Malabon Dugar 27 Calor ..............$1.89 bag. Cament (sombined)
$8.10 sal (014) ...$7) nom. (*)$1.40 nom. HLK, Hope)maraca--$7 val. United Asbestos ..........................15 bay. Dairy Fa
319 sa Watsons
...$19 nom ..80 cts, buy,
.82 101.
DG. Do.
Der A Wings Lane Crawfords.. Mackintoshy....
TON,
$18 buy ..$11.80 bar. Wis. Howell,
..$3.05 sal. H.A. Amusements..........
100 bay... .K, Constructions ..................blę sel. 'que. India, G.$Bonds...67%, nom. H.K. Gort, Losns.......................fiz prem. buy.” buy-buyer; sel-sellers; un-sales ;
Dom-uominal.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE}
Paris New York Brussels Geneva
Milan Berlin Stockholm
RUGBY, June 7.
124.05 4.84 29/32
34.99
25.195
Amsterdam
12.072
92.65
20.335
18.135
18,205
18.195
34.52
1834
193
34.875
1081
375
816
5%
47 3/16
1/5 5/32
Copenhagen Uslo Vienna Prague Helsingfors Madrid Lisboa Athens..... Bucharest Rio
Buenos Aires Bombay Shanghai Hong Kong Yokohama
Silver (spot)..... Silver (forward) .....
2/3/
1/104
1/9 21/32
24
24 1/16
PINEAPPLE INDUSTRY.
LAND FOR SETTLERS IN THE PHILIPPINES.
["D.P." Special Service.)
As a step towards encouraging the development of the pineapple industry in the Philippines, Acting Governor-General Gilmore has set aside 10,000 hectares (24,710 acres) of the best land in Libona and Sante Fe, Bukidnon, Mindinao, as
a pineapple reserve.
The land will be open to settlers.
9.50 ed to the United States 915 bales St. George's. Building, yesterday, The Philippine Packing Corpora
to France and 65 bales to Great it was decided that the Company tion, which has a factory and a Britain.
should voluntarily be wound up plantation adjoining the reservation, and liquidators appointed.
1.04 0.45 CANTON STOCK EXCHANGE.
CLOSING QUOTATIONS.
*
TABLE.
White Cabbage
Mustard plaat, Chaochow
1.08
Hairy Squash......
Bitter squash
0.03
Snake gourd.
0.83
Bamboo shoots, Mamay
3.20
Scallions
0.84
Yam
3.80
Water lily root Pumpkin
Taro, Reddish small
Taro, Reddish large Onion
Long Beans.... Ginger, superior
ge
Potato.pagin Green Cucumber
5.82 Water Works
CANTON, June 6,
a.19 Electric Light & Power 3.0% Canton-Hankaw Railway 2.85 The Sun Company 3.76 Sinceré Co.
1.70 Nanyang Bre. Tob. Co. 22.70 Canton Tramways 12.05 Chiss Merchants TEUT Ravigation C
Steam.
4.80 Central Bank of China .....
Mr. R. G. Shewan, in the chair, will furnish beds and will extend The packing corporation has been proposed that the Company, he financial aid to the settlers. wound up voluntarily. Mr. Li Tae experimenting with pineapples in Fong seconded and this was Car the Bukidnon district for years,
ried.
and how fe understood to have
it does not. excel, the Hawaiian pineapple....
3r. J. H. Seth and Mr. S. developed a fruit which equale, if Ross were appointed liquidators on $3.80 the proposition of the Chairman,
4.40 seconded by Mr. C. P. Marcel. 0.50 Besides the Chairman there were 98.00 present Mr. Li Tse Fong and Mr. 141.00 C. P. Marcel (member of the Judge Cluer, to a plaintiff's 4.00 Consulting. Committee), Mr. A. A. solicitor at Shoreditch: If you 2.50 Botelho (secretary), Mr. 1. W kindly extinguish yourself by sit
ShewayMAKeith Mr.Hting on the scat provided for you. 40:00 Trever, MrJ-Toppin-sad the defendant can have his turn 42.00 C. Randall.
The solicitor promptly sat down.
Raw Beet.-August Last
1
Ss/1d.
metres:**
1.48 p.m.-Weather report. 5.35 p.m.-Evening Service relay. ed from St. John's Cathedral. Preacher: His Lordship, The Bishop.
7.49 p.m.-Evening wasther re- Cuhan producing interests have port been making heavy hedge sales of 8 p.m. Evening programme. most distant positions against (R.M.V. records supplied by holdings of Raws. Our correspon Messrs. S. Moutrie & Co.). week $s/34d.; December
dents think a renewal of buying
10.30 p.m.-Close down, 6a/5id. Last week 81/91d.; March interest will appear when a sub- Ba/91d. Last week 08/01d..
White-August. 108/51d. Last stantial increase in the duty be week 10s/8id.
Refiners continue to be governed Tower Bridge magistrate: Do Our New York correspondents by the limited trade demand which your want to be separated from cable that the demand for refined shows no signs of developing. The your wife! Man: It is not my is unsatisfactory..
have European and Philippine Islands
made wish. Magistrate: Only your (Continued on next Column). C & F sales at 1.13/16c.
14
comes certain.
babit.
PRE-EMINENT IN EVERY COUNTRY OF THE WORLD
¿CIRGUS "Beware of a
MUNG
•COMENCE LTD
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 BYARDATH TOBACCO CO LTD: