Money
and Markets
HONG KONG MARKET
REPORTS.
Yesterday's quotations for rice and other foodstuffs were as follow:
Rice,
CANTON TRADE NOTES.
THE HONG KONG DAILY PRESS, TUESDAY, JUNE 18, 1929.
FUTURE OF WELSH COAL{ TRADE.
AN OPTIMISTIC OUTLOOE:
At the annual gathering of the South Wales Colliery Managers' Association at Cardiff, Mr. W. The present silk crop is satis Pugh (Abercynon) was installed factory and silk flatures in the as the new president and Sir D. Nambi and Shuntak districts ex-R. Llewellyn, chairman of the pect to make fair profta.
Coalowners' Association, was the the dinner principal guest at which followed.
*
•
. Per Picul. $7.23 The
edible marine products 10.60
market has been quiet, since the 6,35
Dragon Boat Festival as there is 0.26
but very little demand.
Black Seal, No. 3
Hang Muk Keng
Broken, Blue Seal
Broken, Green Scal
Granulated, Blue Seal, No. 1
3.98
Granulated, Red Seal, No. 25.02
Glutinous, Green Seal
Glutinous. Broken
Granulated cargo rice, Black -
Seni
L 5.69 Cargo rice bran, Blue Seal... 9.38 7.8% 0.47
Miscellaneous.
Granulated sugar,” No. 24
Coarse
8.7.35
Granulated sugar, No. 18.
coater
Brown sugar, Java
Green sugar, Manila
Canned Awabi
8.03 8.03 3.93 10.50
Canned" Seal's ment
Canned Green bean
Dried Mussel
Fish Maw
Green Flax
Alces wood
43.00 7.30 21.50 -340.00 27.60 1,000,00
Soy bean
Small Green bean
Searlet bean
Black bean
HONG KONG IMPORT
TRADE.
야
A DULL MARKET.
*
The crops of both ginger and water lily root have been bad this year owing to the dry weather. Prices for tender ginger are about fourteen taals per picul, and water lily root is sold at between twelve to thirteen tacls per picul.
*
*
Since the Dragon Boat Festival, very little Annam and Siam rice has arrived at Hong Kong and as stocks are also low, prices have gone.up: In Canton demand from the country districts is limited and the market is dull; but merchants are reluctant th lower the prices in 8.80 view of the high purchase price 8.20 1 6.10. in Hong Kong.
6.80
In the fortnightly report of the Hong Kong General Chamber of Commerce the following references appear relating to piece-goods busi-
Cotton Place Goods and Fancy
Cotton Goods.
The following reports have been received:-
Since last reporting the market has continued quiet, and little new business has transpired. A line of standard Brocades is reported te have been arranged, in addition to small lots of Italians and Vene tians. Staples remain relatively neglected. Clearances are poor Cotton shews little change. Mid. Am. Bpot being 10.10d, and Eg. Snkel 16.60d.
Another report states:-The mar ket is very quiet and partially closed owing to Dragon festival. Dealers do not show any interest in new business. Clearances are very limited, but conditions up country are said to be slightly improved. Manchester prices have been easier, but are offset by weakness in ex- change here.
Woollens, Nothing to report.
Cotton Yarn. -
During the interval this market has continued dull and lifeless, and prices have further declined 83 to 84 per bale.
lows:
||
Timber business, which has been bad for some years has now reached. low water mark Of the three hundred timber shops in Honam over ten have gone into bankruptcy of late. Timber is still imported in large qualities from Malays but the decline in the busincas is said to be due to the increased use of
cement instead of wood in building
*
*
*
Business in Wuchow' is still very bad and the city is making, very slow recovery from the effects of the war. Hardly any supplies are coming in from the country dis tricts and few orders are being given. Communication with the large area still held by the Kwang si forces is held up and a large position of the shipping is still in the hands of the military. Very little business is being done with either Hong Kong or Canton and prices are high despite efforts by the authorities to control the cost of everyday commodities. There is however, some revival in the trade for livestock and foodstuff, the former from the latter to. Wuchow,
RUBBER.
FLUCTUATING MARKET.
Mesars. Pentreath & Co. hare kindly forwarded us the following letter, dated May 22. from Messrs. Hornby Hemelryk & Co., Liver- pool.
There was a fair amount of activity with firm markets up to
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
- JUNE 17, 1929, $1,237 y.
HK. Banks
Do
London...2132) nom. Chartered Banke $19 buy Mercantile Banks, A. B...£9 co
Q...215 nom.
Dow
P. & O. Banks
дола
Bago Asia Banks .................390) nama. Canton Insurance........$40 zel Prion Insurance --- $319. North China In.........Tis. 150 'bay. ****M. $50 nom. Insurances.............. Yangiano China Underwriters ......32.10 në), China Fire Jururaz005...$300 buy. EK Fire Las, ............... Dougis.....
טח
H. Steamboata...25; 1. - HE Tags $2.60 38). Indo-Chinns (Fref.) .........$501 bay.
Do (Def.) ...$70 nom. Shell Transporta Union Waterhosta.......................192 nom. Benguet
33 nom."" Kailan
Admin 63/9 norm. Langhat (combined).... T. 16 nom. (single).Th. 71⁄2 nom. Explorations
*IXLOTI ***
$8) nom. 17/0 201a.
Mr. John Kane said there had been a noticeable improvement in the. South Wales coal trade during the past five months and they were going to show a credit balance at long last. The workmen were do ing their best to place the trade. on sound footing again, with the result that output per
man had increased. In 1014 it was '17łcwt., whereas last March it reached Barbe »uminum
Tronoh nearly ficwt., a very remarkable HKK. Wharf. 1135 sel increase, due to the combined effort HK & W. Docks 135 deg. China Provident 54.10. Hongko af management and workmen.
..Tla, 168 nom. was only now that they were be Now Engineerings.......
T. 5.85 bay. ........ 129 bay. ginning to appreciate the full Shanghai Docks...........
Ewo Cotionsja mam T. 131 cm. value of the restoration of the Oriental Cottone. ..... Tis. 2.20 bay. restoration of the Eight Hours Shai. Cctions (old)...Th. 70 bay.
Dc. (new)....... 35 bay. Act, and the prospects for the H.K. &B.)
&B. Hotels... $81 buy, future were yery rosy
H.K. Lands
**********T. 1483 buy, Shanghai Lande Humphreys Estates......$131 buy.
K. Tramways $18.40 buy. F.K. Roalties
....87+ buy.
Fear Trams (aid) $11.80 bay.
Bo. (now).......18.05 zom Star Ferries ........... $65 bay.. 56 el. Chic Lights, Cu $10.90 buy. Rights.
It
Big Import Increase This Year. Sir D. R. Llewellyn said their peak export year was 1913, when South Wales exported 35,000,000 tons of cost. Last year they dropped to $6,000,000 tons, but this year they were exporting at a rate of 39,000,000 tons. They had pass ed through a very terrible time ing that period their workmen and many had gone under. Dur
had been labouring at far toc low a wage in comparison with those in other trades. After the strike of 1998 foreign countries, with the Assistance of their various Govern- ments, gave a rebate to railways, bonuses to users of native coal, placed import duties on British every other way did coal, and everything possible to kill the British industry. France had gone to Versailles stating that it would take 30 years before the French collieries would be in a position to give their Rormal output, whereas in two years they had re- covered, and they had 88,000,000 tons last year with the help of the Saar.
Industry "Not Ruined."
.I
It was all nonsense to say that the industry was ruined owing to the inroads of oil or by water power and the electrification of Italy. One, hundred million tons more coal, were used in, the world Jast year than in 1913 and 56,000,000 more in Europe, but South Wales was not getting its proper share of the trade. It was only now that the Govern- ment WRS giving help by a rchate on railway rates and
by derating They would never
Do. Ex Bight 12.90 bay. Do. Right $7.90 kuy. B.K. Lectrica
cap Electrion
..1262 Dom. Telephones an Bandakan Lights...
$7bay China Buses TL 14 bay Singapore Tractions.117. mal.
Do. (Pret)....18/m China Bugar....Su eta bay. Mabon Bagari.......$27 nom.. Canton Ices bay. Coments (combined) $7.30 rel
Dk2, (old)......
..$73 sel. Do.
$1.40 Dom. (new) E.K. Bopes United Asbestos ....................83 bay. Dairy Fazal qu
Watsons
Der
A Wing! **re Lane Crawfords..... Mackintosha. Sincer......*********** Wm. Powells
19 nom. 312 no
.80 eta, buy.
817 sel.
12
Six bay. bay. $5 vol.
H.A. Amusements..... $29, bay. HK. Constructions ......$14.00). B'qus. Indus, G.5Booda.......17% nomą
Gort Loans.7% prem, bay. buy-buyers; sel-sellers -
nom.uaminal,
INQUEST WITNESS STERNLY WARNED.
CORONER AND A WOMAN'S TONGUE.
get the cost of living down until "I hope that this wretched-I the close of the market prior to exports increased. They could might almost say vile-woman will the Whitsuntide holiday. During compete fairly with any country keep her tongue between her teeth. the period when the London mar- in the world. Their special trade in the future," said Dr. W. H. Nominal quotations are as folket was closed, New York improv with South America was increas-Whitehouse, the Deptford coroner, éd 1c: At the resumption yestering by leaps and bounds and the at a Deptford inquest. He re day, we opened about id higher Americans were wiped out entire ferred to a woman who had given than before the holiday, and at ly from the European market. evidence. one time prices showed an im They had tried to regain South from America, but South Wales cut provement. of d. per 15. those ruling a week ago.
them by 58. per ton. and would beat America with any long-distance cargoes.
No. 10s. 8183-175; No. 19. $115 155; No. 8185-190; No. 20x. 8195-200. Arrivals ni "Shipments : Sales nil; Unsold Stock 1,400 bales; Bargains 4,000 bales.
Baw Cotton. Nothing doing.
CLOSING QUOTATIONS.
CANTOS, June 16.
83.90
to
The inquest was on Mrs. Ruth Evelyn Terry, aged thirty-eight, of Campahill-road. Lewisham, who died from heart failure..
ין
There were rather more Sellers than Buyers yesterday, due to a
Edith Ellen Vine, living in the certain amount of profit taking.
Doal's Great Future.
same road, said that although the This induced lower prices in New
There had never been a period doctor attended two or three times York at their opening, and prices
which Mrs. Terry died, Mrs. Terry was so bad CANTON STOCK EXCHANGE. closed last night in London at in the history, of the coal trade during the day on
11d, for Spot, 11d. June, 112d when there had been so much co- July/September, 12td. October/De- operation between the workmen that in her opinion he should have
and management. Welak "minors been present all the time. cember, rather Sellers.
wanted to get back to their pits. #Certainly You Dannot." We believe the reaction to be They did not believe in the trans-
The Coroner said that Vine.. had temporary, as it is not unnatural ference scheme of the Gevarument no right to express an opinion expect a certain amount of for they loved their homes, their which might reflect discredit on, or profit taking after a substantial chapels, and their villages. He was 4.30 risc, but we consider the statisti- more optimistic than ever and felt allega neglect against another per cal position warrants higher confident that the coal trade had son unless it could be proved. 49 prices, and we expect to see theee a great future. (Cheers.) 84.00in the near future..
The Lord Mayor of Cardiff We understand that offerings (Alderman W. R. Williams) said 20 from the East are on a very light that when the Lord Mayor's Fund scale, and that shipments for this started operations the number of month will show a considerable re-miners unemployed in South Wales 40.00 duction from those of the previous was 20,000; that had been reduced
months this year, whilst the con- to 35,000. sumption figure for May is expect- | ed to be another record.
Water Works Electric Light & Power Co. Canton Hankow Railway
Company
Sincere Company
The Sun Company
Nanyang Bros. Tob. Co.
Tramways Co.
China Merchants'
Navigation Co.,
Central Bank of China
Steam
121.00 3.80
49.00
CHINESE TOBACCO.
CIGARETTE EXPERIMENTS IN KWANGSI.
["DP". Special Service.]
Among the new enterprises of Kwangsi province is the manufac turing of cigarettes. The smoking
We look for fluctuating markets with a tendency towards higher prices, but this will naturally be regulated by the extent to which optimistic reports of American activity are borne out by fact.
Stocks for last week showed a and decrease, both in London. Liverpool, of 172 tons and 168 tons respectively.
Our Singapore correspondents cabled us last week that if the pre- sent high prices continue, exports of cigarettes has become very in June and July will, it is ex- popular in Kwangai nowadays pected, be between 38,000 to 40,000 And, in order to have a brand of tons monthly. In the meantime, about 23,000 tons freight has been booked to New York for June ship ment. Chinese dealers are advised by the New York connections that American consumption in May and June will be 48,000 and 59,000 tons respectively.
cigarettes that will compare favourably in quality with the im- ported products, Mr. So Yu Chuen, manager of the Govern ment Cigarette Factory in Kwang si, has spent many months in ex perimenting who his tobacco was Further experimente, in tobacco are still under way.
Vine: Can't we think, then
say what we
The coroner: No, most certainly you cannot, and the higher the position of the person you speak against the higher the damages are likely to be.
Vine: I do not know that I mind that.
The coroner: Perhaps you have
JUVENILE INSURANCE FIRM nothing to lose but your freedom.
PROTECTS WINDOWS,
;
["D.P." Special Service,]
i
Remember it might end in prison. If you say anything against a qualified medical man who is high-: ly respected in the district you are liable to heavy penalties or The imprisonment. I understand that Sheboygan, Wis.-The Lincoln him in the district, but I am you have been saying things about School Window Glass Casualty satisfied that in this case he gave company, organised by school all the attention that was neces children here to insure against breakage of windows during balls of
Vine: Of course, doctors are sl- games on the school playground,ways loyal to each other.
If believes it operates with the
The coroner: You must not talk smallest working capital of any like that, to the coroner or you company in the world.
One hundred thirty-three policies may be committed for contempt of A verdict of "Death from have been sold by its authorized court. agents at 10 cents each, fielding natural causes" was recorded." A capital fund of $13.30 and in- dicating that agents' commissions are not paid by this company.
policy Ope
JOHNNIE WALKER
When you pour from this bottle Tile the botila quickly seriy spride down, and the whit wiśli flow traciły. Danetshake the beads while the whisky is lowing.
cannot be too buying whisky. But this caution needs no trouble- some search on your part. You have only to ask for Johnnie Walker' in the non-refillable bottle and you're safe. Anywhere and every- where, Johnnie Walker' is guaranteed pure and
mature.
BORN 1820-STILL GOING STRONG
"
Sole Agents:
CALDBECK, MACGREGOR & CO., LTD. SHANGHAI HONGKONG TIENTSIN
JOHN WALKER & Soum, Lượn., Sconce Wanky Distillers, KimARNOCK, SCOTLAND.
THERE'S A LONG, LONG TRAIL
of
Bugs, Flens, Flick, Beetles, Mosquitoes, etc.,
all killed by
KEATING'S
| BRITZH
MADI
AGENCIES.
London Office of the HONG KONG DAILY PRESS, 21, BRIDE LANZ, E.0.4., is constantly receiving Enquiries from Home Manufacturers regarding Suitable Firms to act as Agents for their products in Hong Kong and South China.
Local Companies desirous of taking up further Agencies will let në know the Lines in which they are interested the information will be forwarded to London and passed on to interested parties as op- portunity offers.
This Service is offered to our Reader
without charge and, of couTZAI no obligation is incurred on either side."
The Required Talormation should be
holder recently A litigant at Bloomsbury County smashed out a long hit at baseball Court who required threepence, the Our New York friends cabled and a window. Company au balance of a hearing fee, turned to last night that the statistical post thorities reported the matter to the full court and asked for a loan sent to the tion is unchanged. They thin the
lentettem Thero - BONG-KONG DAILY PRESS, L'ED,
THE HOLY STY position is technically improved by bas been effected, both sides an- response, and he had, to go home
Hong Kong. considerable long liquidation,
for the money,
nounced,
SHIPBUILDERS,
SHIP REPAIRERS, BOILER MAKERS, FORGE MASTERS,
OXY-ACETYLENE AND
ELECTRIC WELDERS,
MECHANICAL AND
ELECTRICAL
ENGINEERS.
3/29
-DRY DOCK...
OF HONG KONG, LIMITED.
THE TAIKOO DOCKYARD & ENGINEERING COMPANY
SALVAGE TUG "Taikoo”
WIRELESS CALL:
V.P.ON. 600 METERS
Length 787 Feet: Length on Blocks 750 Feet.
·Depth on Centro of
SIH (H.W.0&T) 34 ft. 6 ins -THREE SLIPWAYS,—
Capable of Banding Ships Up to 3,000 Tons Displacement.
Electric Crane at Sea Wall,
Capable of Lifting 100 Tons
až 70 Feet Ending.
BUTTERFIELD & SWIRE, Agents,
HONG KONG, CHINA & MAPAN.
*TEL ADDRESS: Taxconoce, Homa Kom TELEPHONE: No. 212 CENTRAL. CALL FLAG: "C" Ov¤¤ “»« PERKANI.”