17
By Special Appointment
to
H.M. King George V.
* CUVER
CRANBAUNE
Aur Truth
التروية
FANT
The Connoisseur's First Choice's
PERRIER
JOUET
This excellent Champagne
is now obtainable
QUARTS
PINTS
BABY
in Hong Kong in three sizes. «
$7.00 per bottle
$3.70 $2.00.
A baby Perrier Jouet and Guinness is
The Ideal Tonic and
Pick-me-up.
Sole Agents:
31
THE HONG KONG DAILY PRESS, MONDAY, JULY 15, 1929.
Money and
HONG KONG MARKET REPORTS.
יי
Markets
RUBBER.
CONSUMPTION FIGURE
EXCELLENT.
Messrs. Pentreath & Co. have forwarder us the following letter. dated June 19, which they have received from Messrs. Hornby, Hemelryk & Co., Liverpool:--
Business has been very quiet during the past week, and prices are about unchanged in spite of the excellent May American question anire gures which were received towards the end of the week, viz
Last month, Tone. Tons- Consumption 48,223 Arrivals
Yesterday's quotations for rier and other foodstuffs were as follow:
Rice.
Per picul. Common White, Red Seal
No. 3 Common White, Ting Kna
Kua
2.19
8.56
Commen White, Wu Muk
Kras
Broken, Back Seal
8.91 6.06
Long Englutinous, Red Seal
No. 1
7.27
Cargo rice, Green Seal ......
3.ST
Glutinous. Broken ....... Glutinous, Granulated, Ne, 1
6.37
4.02
Miscellaneous,
Coarse granulated
sugar.
Stocks
No. 18.
36.48
A Boat
Course granulated
sugar,
No. 24
Brown sugar, Java
*.23 5.63
Green Sugar, Manila
3.53
Canned Seal's meat"." Canned Awahi
48.00
12.30
40,150
47,521
34,171
07,101 * 107,659 35,-104 55,408
The consumption figure was excel. tent, being another record, and was
PULP AND PAPER MILLS.
NEW BRUNSWICK'S DEVELOPMENT,
["D.P." Special Service.]
HONG KONG STOCK. EXCHANGE.
CLOSING QUOTATIONS.
JULY 14, 19.9. H.K. Banko
$1,955 bal. Do London ...£129 kom. Chartered Banks.......$19) bay. Mercantile Banks, A. 48...233 pom. 0...15 com.
Do
P.&O. Bank
ཏྠ
ACEL
nom.
25 sel.
47 buy.
Fredericton, N.R.-The great pro-
.890) nom. gramme of development of pulp and East Aris Bankı
1630 nom, paper industries in the province of Canton Insurancen... New Brunswick, currently under Union Insurnaces ..$324) bar.
North China in mond
160 buy. way, is exhaustively dealt with in the report of the Department of gase Insurances. $50 nom,
China Underwriter......10 sel. Lands and Mines recently tabled in
Chins Fire insurances...$305 bay. the New Brunswick Legislature... Fure Ins. ...3770 The year 199 it is pointed out was Douglases
migas born year of great industrial develop-H. Steamboats
in forest industries in New Indo-Chizas (Pret.) lrunswick.
Da (Det.)
...$70 nom. Completion of construction of the Shell Transports..... 93/ nom. Grand Falls hydro-electric develop Union Waterboats... nient of the Saint John River PowerBenguets Company and the turning on of Kailan Mining Admin... 68/9 nom. power on October 1, is referred to Langhats(combined)......Th. 14 bay,
(single)
The. 81 day. as the most outstanding industrial event for many rears and dustrial B Explorations factor in the carrying out of large Bab........
Shangha
Th ị bay. ...58 buy. industrial expansion in pulp and Troneh Mines
21 buy. paper mills planned for New
Find bars Brunswick. The plant is the largest
$35 L hydro-electric development in the
$4.35 val.
in accordance with the most op-Maritime Province designed for timistic estimates which had been four generators of 20,000 horse in circulation, but these figures power, each with initial installation arrived almost simultaneously, with of three anits, the Sgures of the Eastern stocks at the end of May which show an increase of 3.000 tons over those of TIN AND RUBBER STOCKS. the previous month. The Eastern stock Sgures seem to have had the most influence on the market, and prices ensed off slightly.
CO-OPERATION TO END INSANE COMPETITION.
*
Different Rates.
One of the chief difficulties at the
to the different markets. For in-
LOB
& Wharia..
Providenta..
49
nom. nom.
****Tig. 169 nom.
Now Engineering Shanghai Docks
Dwo Cottour.... .............. Oriental Cottons...
WEIHAIWEI.
Fi
9
a road in the leased Territory of Weihaiwei." It was not till 1927 and after his return to the Terri- A NEW PUBLIC HIGHWAY, as Commissioner that the road project was revived, and, no doubt, the fnet that Weihaiwei is now self- supporting
enabled
the Home Government to consent the more re-
THE OPENING CEREMONY.
WHAT BRITAIN HAS ACCOMPLISHED.
10
[FROM A CORRESPONDENT, Į
As most people are aware, the re- trocession of Weihaiwel has hetar postponed from year to year owing to the disturbed state of the coun- try. Whether the present Govern- ment of China can be regarded as ቤ "settled
Koverunient is. of course, a matter of opinion, but there is no doubt that the formal recognition by the Powers of the Nanking Government has brought
rendition a Kreat deal neare. Whenever that event takes place, there can be no question that the Chinese authorities will resume pos session of a district that has bene-
fitted immensely through the Bri. tish occupation of the past 30 years.
Weihiawei was oner officially described as poverty-stricken
district" so poor in fact, that, for a under of years that unfortunate individual, the British taxpayer, had to provide funds to ṛpable the Local Government carry on, in the aggregate over Tis. 1.000.000. but of recent years A certain prosperity has descended en Port Edward and the Territory
whole-in marked contrast
the other side of our boundary, and more money his been available for expenditure on public works.
Tis. of bay. 1. 19 bay. Th. 11.80 buy. Ta. 1 bay. Cotions (old) 1
11. 774 bay. Do..
districts on (new)...Tia, 13f baj, H.K. & 8. Hotein.....55 bay, 8.55 sa. EX Lands $61 Shanghai Lands ...Th. 147 buy.. Humphreys Estater......118) bay. HK. Beatles ........$7.90 bay. HK Tramways..... ......317 now. Peak Trams (old)
Star Ferries
125 Mile-Long Tension Wire.. Grand Falls power is being used by the Fraser Companies, Limited, at Edmunston and will be carried across the north of the province to operate the large paper mill now under construction by the New Brunswick International Paper Co. Dalhousie. This mill, the report points out, is costing approximately F. J. Salt writes to the Financial moment is the different rates ruling $15,000,000 and is designed for an Times suggesting policy to
stance, rubber afloat to the Contimate daily capacity of 500 tons and will have an initial instalation stabilise the prices of tin and rub-tinent is worth" Id. per lb. more her and to guarantee an adequate than to New York, and London two machines with a daily cana, construction staff on the paper mill return of capital. He says: The futures are also about d. per city of 230 tons of newsprint. The Electrics...
the corresponding is expected to be increased this presen position and the future higher than prospects of tin and rubber are prices in New York. Then again. string to 1,300 and it is anticipated almost identical. Stocks are large, prices are higher in the East than that the mill will be in operation: but not excessive, and it is general-in London, which makes it. diffcuk late in 1929. ly.conceded that with consumption to bring buyers and sellers together. increasing at its present rate, pro- This is due to the fact that too Caction will be overtaken by the much rubber has been consigned to end of the present year and a America unsold, which means that shortage result in the immediate parcels are offered to dealers and manufacturers without the necessity of their having to bid. However, we understand that this is being corrected, and that less rubber is how being shipped to America.
future..
In the circumstances the present low prices ruling for these com- modities cannot le justified, but are due entirely to want of organisa- tion in regulating supply to uneet demand.
The report also points out that the Restigouche Company, Limited, has remmenced construction of a large blenched sulphite pulp mill at Athol to be in operation before the end of 1020 and to cost approximately $1,000,000. It will have a capacity of 45,000 tons of pulp annually. The company is controlled by the Fraser Companies, Limited, through owner. ship of the entire capital stock. The Fraser Companies constricted an
$11.80 nom. Bo. (now).......$3,05 nom, $641 nom. China Lights, (old) ........$18† tel. di sa
Do. (new)...$19.30 BOX. HK. Electrics
55.boy.. 56.ael. ...$261 com. Telephones Sandakan 1 Lights .........................121 101.
..$7 Bingapore Tractions....11e sal Chine Buses Cravin
Tin 14 bay. (Pret.).....20/- bay. China Sugara............90ct. buy. Malabon Bagare $70. Canton Ices.32.10 bay. Demente (combined) 18.05 hay,, 8.80 1,87.60.70 12.
Da.
DOM
Do. (eld) ......$7) bay, Do. (new)......$1,40 nom. K. Ropes ... ...$7 pol. United Asbestos Dairy Farmas
Watsons
Der A Wings Lane Crawfords...... Mackintoaks
3 bay. $18.85 bay. $11.80 buy.
pom.
The market clored steady like
80 eta, buy. night at d. for Spot and June.
...318 buy. The British Empire produces, 101d, for "July/September, 11d. for extensive addition to its paper Bincere ******
...$12 bar. ...Bel.. roughly. 75 per cent. of the world's October/December 1140 for Janu board mill during 1926 bringing Wm. Powell production, while America, prodacary/March, and 11d. for January capacity up to 19,000 tons annually. Anssements..
........$93) nom. and constructed 几 groundwood H.K. Constructions... boy. ng anne consumes alicut 80 per December 1930.
Stocks: London 21,142 rent. of the world's, output. The
tons pulp mill with capacity of 42,000 'que. Indas, G. Bonds...$67% nom.
Extensive additions were K. Gort. Loins... great canning and moter indusLiverpool 4.733 tons; a decrease of tons.
....7% prem, buy. dustries of America, which are in- 493 tons and 17 tons respectively. also made to its principal plant st
Our New York correspondents Edmunston and to that of its suby.-buyers; sel-sellers cabled last night that manufacturers sidiary which will aproximately are only buying rubber aparingly double present production of high in spite of the favourable weather grade sulphite paper and pulp pro and the continuance of heavy con- ducts. sumption.
T. E. GRIFFITH, Ltd. creasingly prosperous, have been made possible only by the invest
6, Queen's Bd.Ctl.
Tel.G. 3517.
BALLANTINE'S
in use for almost 100 years
ESTABLISHED 1827.
་
By Appointment to #
H.M. The Late
B.M. The Late Queen Victoria
and
King Edward VII.
His Majesty King George V.
་
PURE SCOTCH LIQUEUR WHISKY
10 years old.
ment of hundreds of millions of British capital in the development and production of tin and rubber. Over a long period of years there have been violent Auctuations in the price of these cominacities, hub the average return on the money invested has been very meagre and the loss of capital by depreciation has been most severe.
The assurance of future sup- plies is of far more importance to consumers than the temporary prices ruling today.
When con- sumption increasing at its present rate a shortage of both commodities 15 inevitable at ne distant date un-
new sources of supply are open ed up and steadily developed. This requires time and money and the British public will put up no more capital for this purpose until tin is stabilised at £200 per ton and rubber at 25. per pound.
PARTING.
The Fraser Companies, LOVE REAWAKENED BY A Limited, became the first customer Close New York last night :-July | for Grand Falis power, having con- 20.50c., September 21.90e.,. Decem-tracted for 20,000 horse nower her 21.70c.. March 2.200. "
for delivery to their mills at Edmunston.
WOOD WASTE INDUSTRIES. PROPERTIES UNDER OPTION.
In addition to these developments the Bathurst Power and Paper Co. is installing a second newsprint machine which when completed. will double the capacity of their mill at Bathurst, Now Brunswick.
PROHIBITION SCANDAL ̈IN. CHICAGO.
IMPOUNDED WHISKY
"STOLEN !
[D.P." Special Service.]
יד
CHICAGO, July 4. Chicago celebrated Independence Day by a fresh and even more than usually sensational Prohibition scan-
dal.
[D,P." Special Service,] Port Arthur, Ont.-E. E. John- son, head of the Pigeon Timber Co., large quantities of pulpwood says Port Arthar, and who also handles'
Thunder Ray district for a number that plans are underway in the of mills to transform woods waste and other timbers into saleable pro- duets. The proposition is to manu- facture from little used varieties Shareholders in tin and rubber of native woods such as jack- companies who desire an adequate pine, birch, poplar and balsam, a return on their capital and a more line of book papers, rough and stable markes for their shares must kraft papers. insulating and build
operate with a view to putting ing boards, etc. An end once and for all to the Options have been taken.. on Special investigators of the Gov. itsane competition among produe several properties in Port Arthur ernment reported to Dr. James M. ig companies which has persisted as proposed sites for the mills and Doran, Commissioner of Prohibition for too long and which only re- the initial outlay, it is stated, will at the head of the Bureau of Pro- BALLANTINEsults in providing cheap essential amount to approximately 83,000,000, hibition, that bonded whisky valued
commodities to prosperous AmeriThe company also proposes at US $2,000,000,000 has & SON, LTD. can industries to the detriment and establish creosoting plants. Anuri.olen from the Government con-
loss of British shareholders.
can capital has been interested, accentration depot here. Strong and energetic action on cording to Mr. Johnson, and the The theft has been systematic. GLASGOW AND LONDON: shareefders atin and company has plans for the develop according to the report. Coloured
rubber companies is urgently neces
ment of power on the Pigeon river.
water has been substituted for the DISTILLED IN SCOTLAND
sary to compel the immediate, adop- Application is to be made to the whisky in order to prevent sug tion of a scheme for rationalisation Ontario government or additional pigion.
timber areas. and co-operative selling among all producers, as the only policy which can effectively stabilise the price of Зате до better than these commodities and guarantee an ¦ adequate return on their capital Ballantine's Liqueur Whisky, It is
active market for their and an excellent.
sbares,
GEORGE
If you want a really frat class Scotch Whisky at a reasonable price,
you
can
The French Store
Beaconsfield Areade.
HIMROD'S Asthma Cure giver instant. relief. Sufferers from asthman, hay fever. coughs and 'colde kaam this remedy of 30 years' standing.
́de all chemdits,
SEAR
$50,000,000 PLAN TO PIPE WASTE GAS...
FROM TURNER VALLEY TO WINNIPEG,
CONCESSION FOR FLOUR MILL.
-PROJECT PLACED BEFORE COUNCIL
been
Three hundred employees of the warehouse are suspected in connec- tion with the case.
The goods tampered with consist- cd of 788 barrels of whisky and 80,000 casar of whisky. Valuation of the loss was made on a basia of prevailing prices charged for similar liquor by bootleggers.
The report to Dr. Doran contains. {"D.F." Special Service.]
charges of official connivance, since. the liquor has been under constant North Vancouver, B.C.-W.E. guard of storekeepers and guagers, McGaw and associates of Vancouver and it is considered impossible that who early in the present year an- such systematic looting could have nounced their intention of con- been accomplished unless it were an etructing a 81,000,000 flour mill at "inside job." North Vancouver,the first large It is believed that this disclosure tidewater flour mill in British may hasten President Hoover's pro Columbia, have applied to the City mised shake-up and readjustment Council of North Vancouver for of "Prohibition administration.-- free water at the mill site and re- United Press. daeed assessment on the property. The site is located at the foot of
In the preliminary announcement
{"D.P." Special Service.]
Calgary, Alta-Utilization of the waste gas of the Turner Valley oil feld by piping it as far east as Winnipeg, is indicated as a possi-Kennard avenue on Burrard Inlet bility in a 850,000,000 scheme out and has a 200-foot frontage. The lined to Vancouver businessmen by company has an option on an ad- veteran grain man and Melville W. S. Herron, one of the leaders in ditional 200-foot frontage, it is Dollar, shipping magnate, beaded oil development in the Valley, ac stated.
the syndicate bandling this project cording to Vancouver newspaper The City Council has postponed and that the plant would consist advices Ferron in enunciating. ropsideration of the requeste until of a 500.000 bushel elevator, a mo
it was stated that W.E. McGaw,
HIMROD'S bio-plan explained that he in comadatas megtingi--12-10 stated that it Sera four-mill and a pharf equip
Asthma Cure
MAGISTRATE'S PLAN FOR A
'COUPLE SUCCEEDS.
"My plan has worked eut satisfactorily," said the Tottenham magistrate, when A summons brought by a young, wife against her husband was marked "No par- ties; dismissed."
115 to
{
adily to this special expenditure. The cost had been met entirely out of current revenue. largely due to two most fortunate circumstances.
Tribute to Lieut. N. Wilson, E..
In the first place, the preliminary survey was carried out as a labour of love, without any cost to the Government, by an ahle and enthus instic young sapper-Lieutenant N. Wilson. R. E.-whose name should always be associated with the new road. In the second place, it was doubtful if the road could have beer. completed so rapidly but for the public spiritid co-operation of the land it prople through whone
To this connection be passed. would like to neknowledge in parti cular the ready help given by Mr. Sun Wen-chich, District Headman of Yang-t'ing. All the peasants and farmers concerned had given up strips of their land, most of them very poor men-and not one had asked for compensation. The honorific stone tablet. he had just anveiled commemorated their pub- he spirited action. Foreigners were apt to blame the Chinese for lack of this very quality, and patrio tism, as understood in the West, had only recently made its appear- ance-sometimes in dubious shapes, he feared. Whatever justification there might be for such criticism, it could no longer be said that the Chinese of Weihaiwei never practis ed sacrifice of personal interests for the comnion good.
The First Road.
A newly constructed work of con- siderable importance is the cross- country road linking up the two main roads of the Territory one going in the direction of Chefoo.tructed in the Territory with a
the other to the extreme south of the leased territory. The total length of the new road is, I und derstand, about 10 miles and the east rather less than $25,000—a re-
markably low figure, mainly due to the public spirited action "of the peasant proprietors in the district who surrendered strips of their land free of cost to the Government. The road was formally opened for public use by H.H. the Commission. er on the 94th inst when a number of residents Chinese and foreign -were taken to the scene of the opening ceremony as guests of the Commissioner, of the Senior Dis- triet Officer, Mr. H. I. Prideñux- Brune, and of Captain C. E. Thurs ton, M.C., Junior District Officer. The procession of cars stopped at the highest point of the road where it crosses the ridge which has for so long been a barrier to cross--coun- try traffic. Here further progress, was barred by tape stretched across the road which was severed by the Commissioner, who also un- veiled a small monument on one side of which are inscribed the names of the various farmers who surrendered their land" pro bono publico
j
"An Interesting Speech, The Commissioner first spoke to the large crowd of Chinese in their own language and then, turning to the foreigners, said that the need for the new road was impressed upon him as far back as 1908 when he was working as a magistrate in the outlying districts of the ter ritory and found the ridge on which they now stood obstacle to easy intercourse between the eastern and western slopes of the peninsula separating Weihaiwei Bay from the Fourth Lagoon.
formidable
The wife, who appeared before the magistrate three months ago, But lack of funds from which complained of her husband's be Weihaiwei has always suffered pre haviour, and the magistrate decided vented anything being done and the to try the experiment of a "triallean years went on till about 1013 separation" for a short period, in when permission was obtained from the belief that the love between London for the construction of the them was still alive. The case had road and preparations were made been adjourned for three months, for the commencement of the work and the husband had agreed to al- in 1914. The outbreak of the Great War upset a great many projects low his wife thirty shillings a
of vastly greater importance than
week.
pany with others was working on would be necessary to submit a by-ped for loading grain and flour; it and he believed it would be law to the ratepayers.
also modern feed manufacturing i feasible and practicable.
¿Continued at fool of next column). plant.
UNDERWOOD
WAYGOOD-OTIS
TYPEWRITERS
HOPE'S
STEEL WINDOWS
ELECTRO-PLATINGS
LIFTS
This was the first road to be con-
definite view to the needs of motor traffic and, though the people who would benest moat would be the farmers of the district, it opened up a considerable area of attractive Country and should add to the com furt and pleasure of foreign resi- dents and visitors.
1!
He would add a few words of persona! explanation regarding Johnston Road." It was with the special request of the repre some reluctance he had agreed to
sentative of the farmers and mer- chants that the new road should brar his name. In his opinion, it would be more appropriate that the name should commemorate the lab- ours of those concerned in its con- struction-Lieutenant Wilson, Mr. Jennings, Superintendent of Public Works, Mr. Mi Yi-shan, their cap- able Contractor. Nor should the merchants of Port Edward be over- looked-represented that day by Messrs. Li Yi-chih and Ku Yu-ts'up, Chairman and Vice Chairman of the Chamber of Commerce-for it. was the merchants who were respon sible for the growth in the trade and wealth of Weihaiwei which had enabled the Government to raise the money needed for the work.
'It'wain accordance with Chinese notions that the road should bear his name, inasmuch as in Ching the territorial official was regarded as "father-and-mother" of the peo- ple he ruled, Further, be happened to be the representative of the Bri tish Governinent and he hoped that in this capacity the name given to the road will keep alive in the minds of the people of this Terri- tory, long after Weihaiwei has been handed back to the full sovereignty of the Chinese Republic, the happy relations that have existed for over thirty years between the British Government and the people of Wei- haiwai, and will also remind them of the fact that the British Govern ment, during its occupation of this Territory, did what little that lay in its power to promote the hap- piness and welfare of the hundreds and thousands of peaceful, law- abiding and industrious Chinese temporarily committed to its care."
DODWELL & COLD QUEEN'S BUILDING TELEPHONE
GARDNER
ENGINES
SAMITARY
AND
HEATING
CENTRAL 1030 ENGINEERING
ADMINISTRATION
KAILAN MINING
FRIGIDAIRE
REFRIGERATORS
L-CERAMICS-GLASS