Money and Markets
HONG KONG MARKET
REPORTS.
Yesterday's "quotations for and other foodstuffs were a low:
Red Sent
CANTON TRADE NOTES:
On account of a brisk demand in
the country districts the prices of rice groundnut fertilizer and bean re- fol-fuse are higher.
Per
1
Salt exported to Wuchow from Picul. Canton during May sotalled 10,810 bags which was much below average owing to military operation,
Rice.
Green Seal
Hung Ao Tau
37.25 7.40 6,85
Luk Hop To
Broken, Red Seal
7.00 3,74
White Bran, Black Seal...... 3.52
Long Unglutinous, Red Seal Long Unglutinous, Ching
7.07
Sing
7.12
Granulated cargo rice, black
scal
4.38
Miscellaneous,
Granulated sugar, No. 18
coatæ
Granulated sugar, No. 24
coarse...
Green Sugar
Amisced
Camellia-nut oil
........................
White edible bird's nest,
.8 6.83
*.08 5,03 19.80 17.20
No. 2. superior..... 2,500.00 White edible bird's nest.
No. 9 Medium Dried Prawn. Kum Shan...
2,300.00
95.00 16.00
Dried cuttle fish
Dried fat fish
Soy Bean
Black Bran
Small Green Bean
#RA ·
7.50 190
+
*
*
The market for groundnut oil is improving after being dull for months. The supply from the north is small and prices are going up.
The flour market has improved and prices are steady as less is coming in from Shanghai and Hong Kong. In Hong Kong, prices have advanced by about twenty cents per bag.
The Canton Central Bank of China notes were quoted on Wed- nesday in this Colony at sixty-six cents Hong Kong to the dollar or eighty-seven per cent. of their
nominal value.
*
THE HONG KONG DAILY PRESS, FRIDAY, JUNE 14, 1929.
PUBLIC LOAN BONDS.
OFFICIAL REGULATIONS.
|
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
HK. Banky
Do., Chartered Bana
ཀཱཨནཨུཏྟཏྟཾ ཏི ཨ
bay.
•
The general principles governing the issue of public loan bonds were
JUNE 19, 1929, adopted by the Legislative Yuan at
$1,235 bur., 1,245 #el. its 20th meeting last month. «The
*Loudba...£132) nom, following is a translation.
..... $i: Day.
long and short term of over one
All Government bonds, both Mercantile Bank 3.48... nom. ...£ii nom. Do., year shall be regulated according
LUI DUM P. 40. Banke East Asis Danks me...190) ner
nem. to these principles. Similarly, all
Insurance365% nom. Cauton Government loans, debentures or
$330 acl. over one
Daion Insurance year shall likewise be
North China ins negotiated or issued in conformity Fangtane Insurances..... Mom.. with these principles.
China Underwriterslusel. China Fire Insurances...: 300 buy.
...3776 noma. E.K. Fire ins......
Son Dom. Douglass *********** . H.K. Steamboata gam325
$3.00 sel, HK Tag *****
Pret
450; bay. Indo-Cha
(Def.)$70 nom. 10-nom all ransporta s Union Waterboats. nom. Banguste... Kalm Mining Admin...3:9 nom. Lang kals (combined).... The
ST. 7 Dom. Do. (tingle) on?
nom, Shanghai Loans Bagb
II. When the Central Govern: ment issues either domestic or foreign bonds for subscription, the nature, total amount, rate of in- terest, and the methods of issue and amortization and all other necessary conditions thereof should be clearly explained and formulat ed inte à set of regulations, which shall, after investigation by the Ministry of Finance, be referred by the Executive Yuan to the Legislative Yuan for adoption and subsequent submission to the State Council for promulgation before they can become effective.
JII-Both the Central and local governments, when issuing public bonds, shall not designate and utilize the subscriptions for ordinary or regular adminis
Do.
Tronoh Minos E.K. & K. Wh........ ELE. & W. Docks Chics Providents thereofongens
New Engineering Bhanghai Dock Ewu Cotions... IV. All domestic and foreign
Cotwae. Onantal bonds issued by the Government. Cotton (old). shall be limited to the following Do. (new three purposes.
H.K. & S. Hotels. HK. Lands
Prices of paddy have been exceptration expenses. tionally low in Chanchuen recently, and on account of this there has 63.00 been a big demand and over 400,000 6.50 piculs were taken by Tailiang alone.
The boom has, of course, sent prices up to normal.
The rice market is quiet and de- mand from the country merchants insignificant. There are, however, Kigns of improvement. In Hong Kong, the market is also inactive, but prices are firm as arrivals from Anna and Siam are short and stocks are low.
CANTON STOCK EXCHANGE."
CLOSING QUOTATIONS.
CANTON, June 12
$3.00 4.30
Water Works Electric Light & Power
Canton-Hankow Railway The Sun Company
.49 94.00
Sincere Company
.121.00
Nanyang Bros. Tob. Co.
Canton Tramways
3.50 2.20
China Merchants'
Steam
Navigation Co. Central Bank of China
SUGAR.
42.00
(a) As investment of capital in productive and non-speculative en terprises, such as construction of railways, water conservancy, and development natural resources; provided these enterprises are financially
clamation
re
of
able
ultimately to liquidate the debts without at the same time increas ing the burden or liability of the
Central Treasury,
Bhangbai
$61 nom. 17/0
DOLG. †18, a ́l.
$35. buy.
$4.10 sel
Th. 5,95 boy.
T. 168 DOE.
1119 bay. „Th. 12ž val.
IL, 20 bar. Tis. 70 bay. T. 33 unj.
38.70 DOM.
Fort Laude
...... 14 buy. Humphreys Estates...$19 bay, 15 sel
HK. Healties ng m
BEL.
E.K. Tramway. $15.36 buy, 18.45 sel Fest Trams (old)...$11.80 bay. Bo. (new)....$6.05 nom. China Idght, Unm. Star Faries $68) now
1280 buy Kights... 14 vel. ''Do Ex Bights ..$1290 bay. Do, Righis $7.90 bay. (b) As expenses for the institu-
H.K. Electrics... $56 Day., £6/26) *. It is estimated that only 30 to
tion and carrying out of import-scan Electrics ... ..$19) DRA 40 per cent. of outstanding accounts
national ant
which, projcets.
Bandakan Lights bay. were collected by Fatshan me though financially non-productive, Telephoner.. chants before the Dragon Bontwill, nevertheless, produce lasting China Busca ................................ Festival which is one of the bis benefits to the country as well as Singapore Tractions.....11. sed. settlement daya. This is, of course,
Do. the people, such as national de
(Pref.)....18- nom. attributed to slackness of business fence measures and educational | China Sugars
..Bu cts. buy. in Fatshan and the country districts and public health enterprises. Malabon Ongars....................$27 Dom. 40.00 during the inter-Kwang warfare.
Onton Ises ex-
----------...Bu bay.
$ ma Dements (combined)
Du. (old)......37 sel. 10. (25) $140 coIL HK. Bopen United Asbestos .......................... buy. Dairy Farms............19 pom. Watsons Dér A. Wing nume
80 eta, way. Lane Crawfords.......... 42 Bol Mackintosh... 18 bay. Sintered by wo. Howells on sitemani $3.40 sol. H.K. Amusements... 12 buy. H.K. Constructions ...........$1) sel. b'que. Indas. G.Bonds...67% nom. HK. Goyt Loan..........................7% prom, buy, bay-bayars; sel-sellers;
LARGE STOCKS AVAILABLE.
Mesars. Pertreath & Co. bave forwarded us the following letter from Messrs. Hornby, Hemelryk & Co., Liverpool, dated May 17–
The London market shows a fur- ther decline of 2d. to gid. lor Raws and about 1d. for Whites since our
last report.
This result is a shortage of money which is further handicapring trade,
WANTED, SALESMEN.
MERCHANT ADVENTURERS
IN COMMERCE.
The speech of the Prince of Wales at the inaugural banquet of the British Industries Fair was a clarion call to the sales managers of this country. The members of New low levels were reached at this association greeted it with the end of last week, both in Lon-delight, and will respond to don and in New York, on long with a will," liquidation caused by stoploss or ders"being reached.
it
So enid Mr. F. W. Goodenough, The lowest chairman of the Sales Managers point was reached on Friday night Association, and also of the Gov in New York and on Saturday ernment Committee on Education morning in London, since when for Salesmanship, at a recent con- there has been a recovery of about ference at Bristol. - 3d.
A very large business was done at the lowest levels on May 10 in New York, and sales of Refined to the extent of 900,000 tons were re norted. This purchase of Refined hy the Trade should satisfy them for the next six or eight weeks.
The association's chief business, he went on, is to discover, dis- cuss, and promote the most efficient methods of marketing at home and abroad. This does not by any means imply copying the methods of our competitors. There is one direction in which we ought very definitely to copy America in this country, and that is in her realisa factory during the last two or three sion of the importance of sales- days, and a fair turnover has been manship to commerce and indus- dune in British Refined. The Retry. In America they act upon the finers are, however, not inclined to principle which we are very far enter into the market for fresh from having generally adopted in purchases of Rows.
this country, that marketing is thei mainspring of industry.
Home trade has been more satin-
The Cuban production to the 11th inst. is given as 5,040,000 soп8. with 22 centrala still grinding, against 40 last week.
American Example. The American set about selling his products with zest and
CA
(c) As extremely urgent penses, such as emergency military expenses and famine relief funds..
these V-All subscriptions to bonds, when already specifically de signated, shall not be appropriated for any other purposes
VI. The various local govern- ments shall not issue bonds for subscription by foreigners unless the same have been otherwise ap- proved by the Legislative Yuan after due consideration and discus- sion..
VII-Provincial' Governments shall not issue bonds exceeding one million dollars (81,000,000) unless otherwise previously approved by the Central Government. District or Municipal Governments shall not issue bends exceeding fifty thousand dollars ($80,000) unless otherwise previously approved by their respective superior Govern-
ment organs,
nas.—ACHİNAL
-sale;
PATROL.
ACQUITTAL BY A MIXED
** DROWNED '
"
IN HIS
CABIN.
OFFICER SUFFOCATED BY BAGS OF WATER.
COND ROUND NECK,
An extraordinary suggestion that. Engineer Lieutenant Reginald Wil mount Laughton, aged twenty-five, "drowned himself in his cabin at the Royal Naval College, emerg ed from the evidence at the inquest at Dartmouth.
Lieutenans Anthony Kimmins, Lieutenant Ian Sandersen, and Instruction-Lieut. Stanler Peck said they were with him in mess when he was perfectly cheerful and normat His servant, William Fairall, found the door of his cabin locked the next morning, and i was opened by the carpenter's mate, who cut the wood round the lock.
Lieut.-Comdr. Brown, who was present when the door was opened, said Laughton was lying on_the floor near the washstand. Two rubber-lined bags were over his head.
The tapes of the bags were drawn tightly, and round his neck alan.. yard was tied. Death was due to suffocation.
Police Sergeant Willcocka said Laughton held one end of the lanyard in his left hand. Water eame from the hags when they were taken from his head.
A glass jug and tumbler on the washstand were empty, and he be- lieved Laughton had put water in the bags.
He searched the room, which was in perfect order, and could find nothing to throw light on the mystery. There was one letter, but it had no reference to the tragedy; it was cheerful.
The coroner said he proposed to take the charitable view that death was due to suffocation. He found that Laughton killed himself while of unsound mind.
J
NEW "BANK" FOR WAR PENSIONS.
SCHEME PROPOSED BY MINISTER.
War pensioners are going to be asked by the British Legion whether they would welcome a scheme by. which the Ministry of Pensions would "bank" the whole or part of their pension for future use.
If they approve the ministry will set up a scheme to carry out the idea.
Major Tryon, the Minister of Pensions, made a reference to the new plan when he introduced in the House of Commons recently the Ministry's estimates for £53,723,000, the largest single civil estimate
Plaza for the Future,
The great majority of pension ers," he said, are in work and drawing full wages, and they can, and do in many cases desire to, MAN AND WOMAN PARK save the pension, but the ordinary schemes of saving do not altogether meet the future needs of very many of them
They may want to make pro- vision for their widows or to sup plement their pensions when they are older, or to set up their children in life, or buy a house at a later date, a plan which fits in well with some of the British Legion's own plans for ex-service men.
BENCE.
Extraordinary allegations were
VIII.The total amount of the bonds which various Government organs propose to issue shall be such as not to complicate their Financial administration and cause interference with the carrying out of other administrative measures. made against a woman park patrol The Government organ concerned must also be able to redes the by a man who was acquitted at principal and to pay the interest Highgate Police Court of a charge an, the bends punctually.
IX-Whenever
on
"I have discussed the possibilities of such a scheme with the British
of committing an offence in Fins-Legion and they have welcomed it.
"WOMAN SOLDIER"
..PUZZLE.
DOCTOR'S DISCOVERY OF WOUND SCARS.
the necessary, Government may issue bonds with bury Park.
He was Frank Jago, aged thirty-. the offer of prizes and allocate a
a joiner, of Spigurnel!-road, small portion of the interest there six,
for
(premium Tottenham, and the chief witnes the purpose bonds).
"for the prosecution was Mise Mary X. The proceeds from and ex Levick, a park patrol in the em penditure of various bonds shall ployment of the London County all be tabulated on the budgets Council. She alleged that on more and balance sheets; and the issu- than one occasion Jago, when sit ing organ, in conjunction with the ting beside her on scuts in the park, Control Yuan, shall submit a re- behaved, improperly. She gave & There is a great deal of Sugar thusiasm because he believed it to
prearranged signal on the last available, far more than present be the most interesting, exciting, port thereon for publication.
XI. All amortization funds shall occasion, and park keepers who needs, but we think that the recent and talent-stimulating job be decline must have gone a long way could undertake, and the one ine placed in the custody of the bad been watching came along and
Committee specially appointed for arrested Jago, towards discouating this factor. which he could most likely win the purpose, the regulations govern-
The
Jaga, at the office of the superinas wounded. A very well-informed friend of fame as well as fortune.
often regarded ng ita organization and functions tendent of the park, and again at ours in London thinks that the Englishman too
to be separately formulated. When the police station, asked to be a disagreeable
ever necessary, the bond-holders allowed to charge the patrol with time has now arrived to start pick-selling rather as ing up distant futures, because, as and not very honourable necessity, may appoint lepresentatives to par being woman of a certain he saye, everything bearish is prae which he undertook without ea ticipate in the auditing of accounts. character.
thusiasm or pride, or, more tically known.
generally, delegated to
inferior
As far as we can see at present and inadequately paid officers. ourselves, some fresh factor, such
We were still afraid of being as draught in the beet growing
nation of shopkeepers.
regions, etc., will be necessary to called a
cause an advance, but it is curious whereas America was proud to be
how, at a very low price. surplus
stocks in an article tend to dia-
this in mind.
a nation of salesmen.
British manufacturers should
CARD PLAYING AFTER LASHES.
-PROTEST BY WHITE MAN'S FELLOW-PRISONERS.
ex-
An open verdict was recorded at the inquest at Richmond on Minnic Drewett, aged fifty-eight, the kit. chenmaid at an hotel, who claimed Army as a man during the war and that she served with the Australian
Drewett was found drowned in the Thames
Mrs. Ada Rose Maybee, of Vent- nor, Isle of Wight, a "sister, said, in reply to the coroner, that her sister was always romantically inelined" even as a girl. She bad not had any conversation with her for some years.
Mr. James Gutheridge, of the White Cross Hotel, Richmond, stated that he employed Drewett as a temporary cook for three weeks. She went to the hotel drunk and abusive on Monday night and he saw her off the premises.
Man's Allegations. Jago, in the witness-box, alleged that he first saw Miss Levicka fortnight ago, when she went and sat beside him. He alleged that he gave her len that occasion. He met her afterwards, and he said that once she asked him for 56., and appear, We must therefore bear follow the example of their com
petitors in Overseas markets by
offered to take him home. He told The Bluemfontein Friend pub bar that he had not 55., and then, In the meantime, quict conditions frequently visiting and studying lishes an interview with an
Attempt to Rescue. are ruling pending the Whitsuntide those markets, visiting them them-
was released from he said, she stated that she would
"get her own back" on him.'
Mr. Albert Shopland, of Dun- holidays, but demand might easily selves, as principals, and not convict who
merely by representatives ör prison the morning after Nufte, spring up when they are overg
after the hotel manager told agents. They must be merchant the white farmer, received his He tried to pass her on the night stable-road, Richmond, said that Close London:-(Rus Beet):
adventurers in the old sense of the lashes, He says that he has been of his arrest, but she called to buy Drewett to leave he heard her
"Hello, dear, come here." Hó August 78./11, last week words, adventuring the deputed by other prisoners 8a./3d.; December as./43d., last over during forth the world bring to the notice of the public went and sat down beside her, and I will throw myself in the river.
on. He afterwards saw her in the river week 8. /6id.; March 8./61d., last wants to buy.
the exceptionally lenient way in three park keepers pounced
and attempt to rescue her, but he him. week 88.781d. (White): August,
waa recovering from, a long illness "I am not a pessimist in regard which Nafte was treated.
Nafte, adds the ex-convict, ap- Jago's wife said that her husband 108.734d., last week-108./51d..
absolutely peared
unconcerned was one of the best of men, and and was not a good swimmer, and Our New York correspondente Goodenough. "There are already after the lashes had been inflicted, Father Raven, of Hockney, gave
his strength gave out
The coroner said that he would- cable that the market rallied on signs of slow but steady revival,
bring Mr. Shopland's conduct to short covering and the lifting of But I am anxious lest a moderate and sat on the floor playing cards. Jago an excellent character."
Miss Levick denied having either the notice of the Royal Humane hedges against sales of Rawe, Re
business should Be bore no marks and refused to improvement in
go to hospital: It is reported that received or demanded money from Society. finers are reported to have sold lead to a slackening of the move.
special instructions were issued to
Dr. J. B. Bura said that he found over a million tons and bought ment towards a sounder commer-
the warders concerning Nafte's Jago. She added that he had in- sulted her on previous occasions,
two scars on Drewett's skill. Raws more freely at a slightly cial outlook, towards the reform
The coroner: What were they? in the punishment.” our salesmanship better basis. The market is now of
Nafte, who is alleged to have but that she had walked away as no
witnesses were available."
Dr. Burn: I should certainly say flogged a native to death, was sen- buted y de Teleboomar Bancha, which included the gunshot wounds of some sort. July 1.82 last week 1.87e.; from industry for first-class sales and ten lashes for culpable homi- women, retired, and when they re- September 1.88c., last week 1.01c.; men to whom, industry is prepared cide. Strenuous efforts were made turned to court the chairman in December 1.84c last week 1.94c. to give first-class pay. The supply to obtain a remission of the timated that the case would be
dismissed. January 1.96c.; last week 1.06c. will then soon be forthcoming." lasher.
to our export trade," added Mr.
hesitent owing to the large offers broadest sense of the word.
조금
"Ideas Wanted!"
Water
Appeal to
Committee's
Public
Sanitary Board opposi tion to Wells, are topics
in the current issue
of the Weekly Press.'
The K.O.S.B.' Court.
Sunday Martial; Cargo Working; Local Company Meetings, are other features.
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HANCY-DREXEL
COMING TO THE
QUEEN'S
SUNDAY AND
Would you say they were Tension The Pale Skendo e
or shrapnel wounds-They might have been shrapnel, but I should think they were gunshot wounds
11. IOR HOUSE STREET.
BALLANTINE'S
in use for almost 100 years.
ESTABLISHED 1827,
By Appointment to
H.M. The Late R Queen Victoria
and
H.M. The Late King Edward VIL
His Majesty King George V.
PURE SCOTCH LIQUEUR WHISKY
10 years old.
GEORGE BALLANTINE & SON, LTD.
GLASGOW AND LONDON. DISTILLED IN SCOTLAND
If you want a really first class Scotch Whisky at a reasonable price,
hare no you can
better than Ballantine's Liqueur Whisky. excellent.
It is
The French Store Beaconsfield Arcade.
Don't w
household.
A
Welcome Visitor
at any
time in
every Every
Bug, Flen, Beetle, Moth, Fly, etc., dies once it has come Into with proper contact
MONDAY KEATING'S