Money and Markets
HONG KONG MARKET
REPORTS.
Yesterday's quotations for rice and other foodstuffs were að follow:
'..
Rica:
Per pical. Common White, Ching Hung
Sim
80.32 Comayon White. Hung Sai
Aze.....
"
0.54
Long Unglutinous, Hung To.877 Long Englutinous, Sheung
Ка
7.93
MiscellaneouS.
Coarse granulated sugar,
No. 15
Coarse genulated sugar,
No. 4
Brown Sugar, No. 9
8 0.95
7.23
3.36
Honey, superior
29.00
Green Flax
20.50
Selected bird's white ediler
nest
Nutnux
Green Tea. Shui Sin
3,570.00 Bird's edible nest. No. 2... 2,100.00 1-er's horn, hig
123.00
113.50
73.00
CASE" FOR RUBBER AMALGAMATIONS.
AN INTERESTING OPINION.
THE HONG KONG DAILY PRESS. FRIDAY, JULY 5, 1929.
FAULTS IN BRITISH ATTACKS ON BRITISH SHANGHAI RUBBER.
SALESMANSHIP. FILM INDUSTRY."
FIRMS THAT ARE OUT OF BASED ON MISCONCEPTION.
DATE.
POSTERS IN ENGLISH ON
Some shrewd observations on the problems of the rubber industry were made by Mr. J. G. Hay as the recons meeting in London of the United Sua Betong Rubber Estates--observations which were the more ripe since he has "just | ship returned from a visit to Malaya and Sumatra
ever.
THE CONTINENT.
F.B.L'S REPORT OF PROGRESS.
The Federation of British ID- dustries issued recently a statement in the course of which they say:
The importance of, salesmanship was stressed in a paper contributed by Mr. Francis W. Goodenough. It is diffealt to regard how the chairman of the Government Com-attacks on the British film industry mittee on Education for, Salesman-which have been appearing in cer
which
VAA road recently tain sections of the press can be justified except as attacks with a politicni motive upon the principle of protection included in the Quota Bill
at the British Music Industries Convention which is being held at Folkestone. In this he said that sulesmanship was the very life of commerce, and that the success of all business depended ultimately on. the friendship and confidence of the
customer."
This is particularly important
"The main direction at the attack is against the bill, which, by in- ference, is blamed for the present position, but in the same breath the articles say that the real reason for
The Talkies.
in connection with the sale of goods ¦ the catastrophe is the advent of the abroad, he said. "because the talking pictures. improvement of our export business is the most urgent need of our country to-day, and efficiency in the marketing of the products of our factories and workshops is vital to Briain's prosperity and, indeed, to our very existence."
talking pictures have created a res "It is, of course, true that the
valution in the film industry com- parable to the superseding of sail by steam. It is however, incorrect. and unfair to infer that the British ed. The "talkie" has hit every film industry is the only one affog
Mr. Hay expressed very definitely his view that amalgamation would he good for the industry, and share shareholders may be assured that so cautious a man as Mr. Ha would not have expressed his views so decisively had he not made a close cantination of the cace. Efficient productive methods, he explained, required in an increasing degree, the services of a highly skilled and specialized staff, which could hardly he provided by ama "unite. Further, the posees. sion of large areas by one company enabled the board to concentrate en policy and matters of primary importance. leaving ample scope and latitude for the development of a higher excertive in the East. As regards sales, a reduction in the number of companies would, us he said, obviously facilitate closer
any extemal organizations, which he pertinently observed were ant to develop into instruments for the attainment of aims that were not alwars in the best interests of the industry concensed. He hoped In many cases the representa- there would be a merging of latives of our firms do not speak or terests on a larger scale and over write the language of the potential a wider held than hitherto.
buyer, and there are still export firms who conduct their correspon- dence with foreign customers in English, quote in English car-picture market. rency, send off catalogues in the quantities in English terms, and English language, with prices and then are troubled because business
CANTON MARKET REPORTS. co-operation, without the help of
COTTON YARN.
The cotton yarn market has be On Wednesday, come less active. price of No. 20 dropped by about two dollars while prices of other varieties were uncharged. Accord- ing to Shanghai telegraphic ad vices, prices of No. 20 have also dropped by one tael. Quotations Wednesday's Canton market
No. 90s.
No. 165.
No. 18.
No. 10s.
No. 68.
No. 129. No. 325.
RAW SILK.
$266-285 254-285 245-937 214-236 160-104 490-422 366-372
Mr. Hay defended the directors' policy in withholding the company's costs of production on the ground that, an there was no common method of computing costs and Dgures might mislead the public He gave several instances of varia. tions in computation. It is a pity that there is no common niethod of computing costs, for if there were shareholders would find in it a valuable guide. Mr. Hay dealt as some length with the company's rew enterprise-namely, that of oil palm cultivation. As oil palma caz. best be exploited on a large scale, the company which has acquired a large aren on Central Johore for the purpose is now. considering, in Malacca Companies, the desirability of merging their palm oil, activities
Room for Improvement, class salesmanship displayed by Although there was much first Brilish houses to-day there was room for much improvement, parti- sularly in the marketing of goods nbroad.
does not come their way.
"I saw evidence of this myself in France and Belgium recently, large posters, worded entirely in English-a sheer waste of money so far as 09 per cent of those who saw them were concerned. "
Practical Measures.
to
national film industry in the world, the American as much as our own.
Other mis-strements which ap pear in these attacks, are that British production has slowed down until the quota requirementa "can- not be fulfilled, and that we have neither the equipment nor the ability to compete in the talking
An inquiry into file produc- ago as April 28 last showed that tion published by the F.B.I. as long seventeen leading firms who in the
quote year 1925-1929 produced 81 films, had a scheduled output for 1929-00 of 199 films, a total made up of 55 silent, 55 sound, and 19 having both silent and sound versions. The quota requirements for 1999-30 are 50 films.
YESTERDAY'S QUOTATIONS.
From Misers, Benjamin & Pacte, share brokers. of Hong Kong, we have received, the following cabled quotations at Shanghai rubke; shares received yestriday their Shanghai office:--
Anglo-Javas "Anglo-Dutch Batu Anams Chemers Consolidateds Kroenvoets
from
Last Week's July 4. prices.
Ts. Tin.
9.23 6,30
11.03 4.60
1.60 1.73
3.25 3.73
2.30 2.00
Tanah Meraha
1.23
130
Tebongs
2.30
2.50
Zianbes
7.95 7.80
1)
CANTON RAW SILK
MARKET.
REPORT FOR WEEK ENDING JULY 2.
The market cased off at the hegin. ning of the past week owing to buyers withdrawing. Prices de- clined to the quotations given
below, at which level they have remained steady for the last few
days.
Business with Lyons is very dull, whereas America is buying in small quantities.
+
We quote to-day; 8945 for 14/16 N.S, Crack Chops. 8800 for 90/99 N.S. Ex. Ex. A... 8845 for 13/15 0.8. Best 1...
"FALSE EVIDENCE ·
OF A
POLICEMAN.
SEVERE CENSURE BY A MAGISTRATE
Strong censure of police con- stable's evidence was passed by Mr. Marshall, the West. London Silent Films Still Populat. magistrato, when Mr. Boyton There exists a curious impres- Ernest Honeysett, aged twenty-one, Bion that the silent film is so dead cashier, of Burnaby-gardens, Chis- as to be useless for quota purposes.wick, was charged before him with using inciting words and behaviour,
The market is slack and quota conjunction with the Linggi anction for an investigation into the This is absurd. "At the present mo
tions are still on the decline...
On Wednesday, one hundred and fifty bales were sold. The quota. tions were
14:16
Per Bale, .H. K. 8640
RICE.
The rien market is stili inactive. Demand has fallen away though priers for Siam and Annam rice
into one.
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
have dropped in Hong Kong H.K. Banks...... Latest quotations were:—
Per Pieul.
Common White, Annam...89.29-0.00
Common White, Kwang
tunk
...15-10.12 996-9.02
Common White. No. 3... Reddish Cargo Rice 7.50-8.16 Long Dinglutinous, Adr
pain....
White Broken Siam
0.00-0.30 ...$3.55-8.40
SUGAR.
There has been a fair demand for accours of low prices. sugar on There are prospects of improvement
JULY 4, 1929, $1,240 bay. Do., Londer...£181) nom. Chartered Banks
......$19 buy. Mercantile Banka, A. 8...283 nom.
Do
C...£15; 'bom.
.......3904 nom. Canton Insurancea....... ....$630 wel.
P. & 0. Banki Fast Asia Bank
boy.
Union Insurances........
13449 Korth China Ins. Tla
Tla, 180 bay. Yangiare Insurances......AL $50 nom. Chica Underwriter....$2.10 sel. China Fire iurarances ...$300 bay. ELE. Fire Las.
...$770 buy. Douglases i
..$17, nom. H.K. Steamboats ........326 sel.
3:.60 sel. 84
bay
Endo-Chin (Fred)
Do. (Dat.)
Shell Transpo......
Union
..370 num. 96)- nom.
YOTE.
Benguets..........83 nom. Kailan Mining Admin ...83/9 nom. "Langkats (combined)...... Tls, 14 sul,
Do.
| ma}; (single)
***** 18. ** sel S'ka Explorations ...... Shanghai Louny...Tim. 44 sel. $6.80 buy. AL- bay.. H.K. & K. Wharia 3124 bay. AK. W. Docks
the near future..
Course granulated sugar,
No. 24
Coarse granulated
sugar,
No. 20.
Per Picol
$10:05
D.76
Coarse granulated sugar,
No, 18
0.79
Guban sugar, No. 18.....
9.17
Bown sugar, Shek Moon
10.30
Sugar Candy ...
13.16
China Providenti .........
Hongkows
EDIBLE MARINE PRODUCTS.
The market has been dull for some considerable time. Arrivals of goods of both Chiness and Japanese origin are large bus consumption is limited. Prices have consequently fallen:
$1
Per Picu!
Dried Prawn, Sha Cheng... $89,00 Dried Oyster, Sha Cheng..... 100.00 Awable Japanese, Medium 265.00 Dried Stock Fish, Wah Tai 30.50 Dried Cattle Fish, Shan-
32.50 Dried Prawn, Kobe
105,00
Lung
Tronoh Mines
nom. 33.85 *****, 168 nom.
bay.
New Engineerings ........... Tis, Bj buy. Shanghai Dock 113, 137; uom. Ewc Cottons. Tia 13.40 bay, 13.20 Orietal Cuttons...
TIM. 2.0 buy..
2,7; wel. Tis, 731 DRY. S'hai, Cottons fold)
Do. (new). Th. 341 buy. H.K. & S. Hotels........$3.65 buy. EK. Lands $2 sol, 61 au Shanghai Lande Tls 147 Luy, Humphreys Estates......$131 buy. ELK. Bealien .......... $7.50 buy. EK. Tramways
..... $19 buy, 19.15.xx. Fent Trams (old) $11.00 nom
(DNT)........ $5.06 nom. Star Ferries
$64/6485. Ubina Lagat, Com, Rights...13 buy.
Do. Ex Kigate 312.85 buy B.K. Electrics
$55.85 buy. Macao Electrics.......... 254 nom,
...12841 Bandakan Lights..........
Bel Topaned
*7 bay. TK 141 bay. 11/-ட் Singapore Tractions.....1
13/6 buy. 90.cts, bay. ..$27 nom.
CANTON STOCK EXCHANGE: China Buses
CLOSING QUOTATIONS.
**
Do (Prefil
China Bugars Maisbon Bugar) ..
Canton Jenner
C. meats (combined)
APK
$2.10 buy, 1981 buy, &
.. 8.85 sel.
Do. (old) ... 87% buy. ! Lio, {**)$1.40 nom. H.K. Hopes
The first practical step which the Committee had taken Wid arrange with the Board of Educa teaching of modern languages in Britain and the comparison of our provided in other countries. It was not only a question of language; however, as many firms were still too insular in their ideas and man. nera, too self-satisfied with their methods and traditions, and too heedless of the progress in the world around then:
educational facilities with those
ment only 400 picture houses or less the British Isles are wired to show than one-tenth the total kinemas in
Police Constable Smith said he saw Mr. Honeysett and four or five talking and sound films, By the other young men, larking about in end of the year it is calculated that the number will only be raised to King-street, Hammersmith, pushing 800. Obviously, therefore, for people off the pavement. A woman very long time silent pictures will with a child in her arms remon remain the staple programme.
strated, and Mr. HoneyBett, pushed ber off the kerb and said," " The "Already one of the largest gutter is the place for you, you British film companies is producing pig." three weeks at least three more cois talking pictures, and within two cr
He told Mr. Honeysett that he panies will also be producing. It should arrest him if he did not be- anything is calculated to harm the have himself. Mr. Honeysett then British Industry
prevent it com- pushed him on the shoulder, saying, "I have got your number and I will peting in the new field, where our natural
much report you." advantages greater than in the old silent film,
are
and to lower the value of the shares
All the same, I am no pessimist in regard to Britain's export trade. There are healthy signs of a slow but stendy revival, but it would he less slow and more certain, and our futura position more assured if our manufacturers put selling foremost in their thoughts and polices.
Mr. H. E. Hugice, of the Electric still further, it is the ill-informed Lamp Manufacturers' Asscention of attacks which are being made on the Great Britain, said that shop light-industry just at a time when it most ing was the greatest salesman of to day. The psychology of colour was a very real thing. It was quite, astonishing how cold was bare day- light compared to artificial light, and it was quite astonishing how orange or amber-coloured lights would improve almost anything ex- cept red, green, or blue articles. They were particularly attractive in music shop windows, where a good deal of wood was in evidence.
EXCHANGE RATES.
TRITION WIRELESS SERVICE.]
Reany, July 3.
123.875 4.31 27/32
Paris New York Brussels Gerova Amsterdam Milan Berlin. Stockholm
$1.82
25.21
12.08
92.675
20.355
18.09
Copenhagen Oslo
Vienna Prague
13.205 13.20
34:495
Helsingfors
Madrid
1534 102 33.71
Lisbon
108
375
816
Rio
Buenos Aires
471
***** 2/4 1/11
1/10 23.15/16
24
Athens Bucharest
Bombay
Shanghai Hong Kong
Yokohama
Silver (spot)' ..... Silver (forward)
Lane Crawford........ Mackintosha
$7 sel. 16 buy
WI
Sinceres naves Powells
"H.E. ÁMUSHINDI...
18 by
1/5.25/22
18 bay. ...31a bay.
$29 nom. H.K. Constructions ...$14 bay.. 165 sa 18.70/19.80 san E que. Indda GB67
CALZON, July 3.
Water Works
Electric Light & Power
3.50 4.00
Canton Hankow Railway Co. 4.90
The Sun Company,
97.50
Sincere Commun
United Asbestos Dairy Farms
Tob. Co.
4.00
Der A Win
(Vontinued at foot of wext columa).
Kwangtung Tramways Co...
China, Merchants S.N. Co. 37.00 Central Bank of China ..... 41.00
needs assistance to tide over the difficult period.
have
In the Box.
Mr. Honeysett in the witness-box said that he was with his brother and a friend, and not with four dr five others. They were walking and behaving properly. He was waiting for his friend to fetch some cigarettes out of a machine, when the policeman came up and pushed him violently in the back, saying, "Who the do you think you are, taking up all the pavement "
"Finally there is no justification whatever for the statement that British films have not commanded an exhibition in the world market. They
been showr. most successfully throughout the Empire and in fact throughout the entire
He protested against such treat- world with the exception of the United States. This market is oment, and remarked to his friend- not to the policeman-that he had heavily protected that no entry can be made into it by films of other his number. The policeman seized him by the collar and arm and origin.
marched him to the station.
CLERGYMAN'S LOST LIVING:
SEPARATION ORDER
DISCLOSURE.
Mr. Honeysett, replying to Mr. L. O. Glenister, jun., who defend-] ed, denied that he made any re-j mark to a woman or that any woman was there.
Policeman's Mistake. Four persons, including two in- The plight of a clergyman who dependent witnesses, corroborated was stated to be a "ruined ma
Mr. Honeysett's version of the oc was disclosed at Dover Police Court currence, and Mr. Glenister asked. when the Rev. W. E. Williams, the magistrate to diemias the who, up to May 1, was incumbent of charge on the ground that the the parish of Little Mongeham, policeman's evidence was untrue. near Dover, applied for a reduc
Mr Marshall: I quite agree. I tion in the amount of a separation order made against him under think the police constable coutica- which he was required to pay his ed some young men earlier in the wife £2 a week.
evening, and mistook Mr. Honey-
Mr. Thorn Drury, K.C, for Mr.sett and his friend's for those Williams, said that the result of people. Whether he did or not, he all the scandal in the place was behaved in a very improper way, that Mr. Williams had been de- and in my opinion be bas de prived of the living, and his sole liberately, in order to bolster up source of income had disap- this charge, gone into the witness- peared. He had not earned 9 box and given. evidence which be penny since May 1 His debts were knows perfectly well is false, from about 250.
I hope the beginning to end. matter will receive the attention of the proper authorities.
"Mr. Williams comes before the Bench literally ruined man,' added Mr. Thorn Drury.
Mr. Williams said that he was. expecting some money on July 1 from the Queen Anne's Bounty.
Mra. Williams Your resignation was brought about by your own
act.
Mr. Marshall, addressing Mr. Honeysett, said that there was not the smallest ground for the charge ever to have been brought against him, and he would be discharged.
Mr. Williams: I was asked to resign owing to proceedings taken Young woman at Westminster ugaizat ne
County Court: He was always Bench decided to reduce the making katastre remario Judge It Govt done welprarbay.ofac? TYOTH "27" 6" 19" Wren Toote Wint Bre
buy-buyers; sol-pellera; an—-sales ***80 ata, bay.
Williams to apply again if circum-castic remarks i . The Woman: stances changed.
Something witty, but which harta.
nom-nomina!
TO OPEN
Remove capele
rzite laver and
pesh upwards
Haig
TO CLOSE Replace up and push
lever daws
NEW BOTTLE SEAL
(NO CORKSCREW}
QUICK CLEAN
SAFE
Nobody can put better. Whisky into any bottle than that which goes into the Haig bottle.
Doctors are using it
Sole Agents
:
Judges are using it -
Sufferers from acidity And it preferable to any other stimulant
GANDE, PRICE & CO., LTD.
TEL. C. 135.
5731
Hong Kong.
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