Money and Markets
HONG KONG SHARES. FISHING INDUSTRY
MID-WEEK REPORT.
"We have received the fellowing report from the Hong Kong office of Mr. Harry Odell, stock and share braker:
With the approach of Settlement Day, and the consequent food of selling orders, the market has not maintained its expected upward tendency, especially in regard to speculative stocks.
This general decline in prices, however, is expected to be of tem- perary duration only.
Banks-Bare changed bands again at $1,285, with further buyers. Canton and H.K. Fires.Have remained quiet at $630 and 8770 respectively.
Unions-Sales effected at 8323, with farther inquiries at this figure.
Underwriters.-Are obtainable at
81.00.
Steamboats.-Were dealt in at $241, at which rate shares are still
Available,
IN MACAO.
FLEET OF 2,000 JUNKS.
મક
BUSINESS WITH GREAT POSSIBILITIES,
THE HONG KONG DAILY PRESS, THURSDAY, JULY 25, 1929.
NEW MOVE IN WORLD STEEL
"COMPETITION.
AMERICA CAUSING ALARM IN EUROPE.
[United Press.]
Paria-European business men with interests in steel are looking with alarm towards America in view of the amazing jump in steel production in the United States.
Tais increase, which has occurred
duction than before the war. What is feared, however, is any decline in consumption, subsequent to a drop in the automobile output, for example.
CANTON TRADE
NOTES.
The cotton yarn market has been quiet. Un Tuesday, price of No. 20 dropped by about seven dollars while that of other varieties by three to five dollars.
The Canton Central Bank of China notes were quoted on Tues- day ninety-five per ceat. of their At some shops, nominal value. they are accepted at pas.
Some forty-six bales of artificial Such development would natural-alk were imported from Hong Kong on Monday. Artificial silk was not
A number of Macao gentlemen only in the past few years, has is turn the attention of American in demand formerly but a certain
quantity is now required by textile merchants.
Owing to foreign competition, exports of Chinese tea hare en
to helping tea merchants, it has considerably reduced. With a view
export duty.
are taking special interest in the added 50 per cent. to world pro- fisheries, and of late much has been duction. At present, heme needs written regarding this industry at absorb most of the American out Maeno, und of ways and means of improving it and creating markets put, but steel interests here feel for the producte and By-products. that if the increase continues pro- It is an industry which gives em- portionately in the next few years Past year America exported only been decided to reduce the present ployment, directly and indirectly, to there will be a huge surplus for some fifty thousand persons or about one-third of the population export, which will mean the Euro of the colony.
pean markets will be invaded, to The number of deep-water Bahing janks is already over two thousand the detriment of the steel men in and the local junk-building yards France, England, Belgium and are anusually busy."
When stormy weather threatens the entire fleet, makes for port, and the Inner Harbour is thronged, the maste and rigging making a
Germany.
The growing dominance of the United States as a steel producer.
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steelmen to the markets over here. whereas present figures of American exports of steel show that steel in- terests in the United States bare little business abroad. During the four per cent. of her steel produc- tion. The year before the war, the
While the present silk crop in corresponding figure was 10 per Namboi and Shuntak ja upsatisine. cent. The British percentage of extory, the silk flatures at and near ported product fell from 20 per Wuchow are doing very well this tent. to 14 per cent. in the same
year. Many silk merchants are at Wuchow making big purchases. period.
Frenck Competition.
Arrivals of foreign rice from Siam and Annam have been very limited France is one of the few countries recently and prices are high in the past few years, showing a jump but a little demand by merchants from eight per cent, before the war from country, districts, where the to 39 per cent, after. Belgian ex-harvest has just been gathered. In ports of steel likewise jumped, from Wuchow, prices have gone owing to 37 per cent, to 78 per cent.
limited supplies.
Waterboats.A few small lots are foreet of ropes and spars. Among and its possible effects on the world which registered an increase during Canton and Hong Kong, There is
World Production.
being ofered at 821.
them, may be seen here and there market is emphasised in the report Raubs-Have had a smart rise to an armed junk, with steel bulwarks just issued of the Comite des Forges 851. and higher prices will probably and muzzle-loading cannon. These de France, be paid to secure shares.
hoate act as guards against pirate Wharves. Have improved from craft, and have proved most effer, 81234 to 8127), with sales effected at-tive with ammunition consisting of intervening rates.
rusty nails and broken glass, DocksAre being inquired for at $221, after having come to business
at this rate.
Providents Are in strong de- mand at $4.45 without attracting
ellers.
Hotels-Have been taken of the market at 88.40, but buyers are now offering only 88.35.
Lands. Have been the medium of a fair amount of business at rates ranging from 881 to 802, and at the close can be placed at 611.
Humphreys.After having beer doue at $13.60, have eased off plight ly with sellers at 813.30 and buyers offering $13.35.
Realtys. Have buyers at 884, with sefiers holding out for higher "prices.
Trams. After having remained quiet for the greater part of the period under review, are now want- ed at 315.85, with no sellers under $19.
Ferric Are inquired, for at $63).
Electrics. Have been done Rt $354, with further buyers.
Lights-Have been sold down to $12 for Oid and 819.55 for New.
Cements (Combined)-After hay. ing been dealt in from 88.10 to $8:00, have further receded to a selling rate of 89.85. Sules have also taken place At 89.20 for September delivery,
Dairy Farms.-Have been in strong demand and have appreciat- ed as high as $20, but close slightly easier with shares offering at $19.50 Cash and $20) September.
Watsons.-Are wanted at 812. Amusements. Are being offered at $28 and have buyers at 8284.
Ewoe-Have Auctuated between Tls. 144 and Tis. 14 locally, but are reported to be rather firmer in Shanghai.
The Exchange rates for the day
are:
T.T. on London ....
T.T. on Shanghai
1/114
•92
Next Settlement Day, Tuesday,
July 30.
THE NEW TRIUMPHS OF CHEMISTRY.
ANOTHER RARE SCENT CAPTURED.
DINNER TABLE EXTRACTS AND ARCTIC DELICACIES. Although the Chemists exhibi- tion, which was opened recently at the new Hall of the Horticultural Society, Westminster, by Mr. Her- bert Skinner, ex-President of the Pharmaceutical Society of Great Britain, smelle, as one might expect, exactly like a chemist's shop, there are more wonders in it than are to be met with in the ordinary phar- macy, writes a Home paper's corre spondent.
Part of the haul is consumed locally, a good deal is packed in ice for export to Hong Kong and Canton, hut the greater part is salted and shipped to all parts of the world. The value of salt fish exports has been known to exceed $3,000,000 in some years. There is also a brisk canning industry,
In come years the oysters and crustacea abound while there seems to be" a dearth in other years,' yot these products command a ready" market among the Chinese. The value of the catch" in a good year must ex- reed 6.000.000, and by scientific methods may be increased.
obtained always
HONG KONG MARKET: REPORTS.
Yesterday's quotations for rice and other foodstuffs were as follow:
Per Picul.
Rice,
Common White, Green Seal... 99.61 Common White, May Yun... 7,68 Common White, Ching Chin 7.09 Common White, Ching Shek
Lo...
White Broken, Blue Seal ....... Long Englutinous, Hung
Kum Ou............ Roundish Rice, Red Seal White Bran. Blue Seal Glutinous, Broken.......
Miscellaneous, Coarse granulated sugar, No.
24
Groundnut oil, Fonztze Wood-tar oil ................. Camellia-nug sil
7.01 8.78
7.97 6.35 3.57 6.04
87.28 21.30 33.00 19.00
Small Green Bean Soy Bean
Dried Prawn ...** Dried Fungus, Tai Kai Dried Fungus Yellow Dried Mushroom, Fa Koo...248.00 Dried Persimmon, Peking
30.00 .75.00 ..195.00
17.00 8.60
***7.60
World production of steel has risen from 76,000,000 metric tons in 1913 to 109,000,000 tons in 1999, an increase of 32,000,000 metric tons,
*
The report points out that the
Owing to the drought during the restrained increase in international steel trade in Europe is due to the first half of the year, the produc creation of the great steel cartels tion of eals was unusually large in and in the careful policy of the Kwangtung and only small amounts over-expanded European steel, in have been imported from Annam the report shows. Of this huge industry in avoiding extensions and and Siam, Large quantities have crease, the United States was re-heavy investments under the present been exported to Kwangsi. Hunan, Kiangai and other provinces, but possible for 20,000,000 metric tons. variable conditions.
It is revealed that the French are prices are still low as stocks have European production during the actively at work on American lines. been excessive. The current price past year remained practically un- to eliminate waste in the steel in- of Kwangtung salt is about one changed.
dustry. They have set up an elabor-hundred and thirty catties to the ate technical office of investigation dollar. with the object of reducing costs and widening markets and, in- cidentally, girding her armour in ease the bogey of American un- loading of steel on Europe should
One point which the report speci- ally stresses is that, like Great Britain, the domestic consumption in the United States is taking a greater proportion of American pro-materialise.
"CHAIN STORES" IN GERMANY.
HOW PRODUCTS ARE DISTRIBUTED.
AMERICAN SALES BENEFIT.
"
In spite of the efforts of the Government to urge the people to
use the solar calendar instead of the lunar one, Chinese merchante throughout the country have still beld to the lunar calendar in dat ing their transactions. The Chinese Government, has, however, decided to prohibit the use of the lunar calendar from next year (1830). To aid the Government, the Printing Merchants Association has decided that no lunar calendars will be printed for 1930.
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There has been a rapid change in the four market. Supplies of foreign flour both in Canton and German retail trade is charac-1 stores ar restaurants, but through a prices have risen by about thirty Hong Kong have been limited and terised by a great number and great variety of establishments cents per bag during the last few variety of individually owned chains, which are nominally owned by the days. There has been a brisk de There is a complete absence of local proprietor, though in fact mand and merchante are holding large retail chains covering the en- largely the property of the brewery, their stocks for higher prices. tire country. On the other hand, which supplies the merchandise and Hong Kong merchants have re- chains of moderate size and usually fixtures on credit limited to the distribution of a few In Berlin there is a large restaur-whent crop in Canada is very limit- ceived telegraphic advices that the particular products, are common in ant chain, the Aschinger, operated ed this year and as a result, prices German cities.
by a hotel and restaurant company will rise" still higher. Germany is 85 per cent."urban, which also owns and operates, some and this urban population is of the leading hotels and restaur centred mainly in Berlin, with a ants, namely, the Kaiserhof, Fuer- population of more than 4,000,000 stenhof, Palast Hotel, and Rhein- and in a very strong group of pro- gold. Other Berlin hotels are vincial cities, of which Hamburg, owned and operated in groups; for
CLOSING QUOTATIONS. with 1,000,000, is the largest. On example, the Adlon is being operat- this account there have developed ed in conjunction with the Contin- quite a number of local chains con- ental, and the Bristol with the H.K. Bant
JULY 24, 1929.
$: 965 m. fined to particular cities and not Central" Hotel. The Esplanade is
Do..
London.
...£128 HOW, known in other parts of the coun- linked up with the Atlantik in Ham-Chartered Banks .....$191 buy.
burg and with other hotels in Wies Mercantile Banks, A. &B...232) nom. Distributing Products,
baden and other places. Part con-
0.218 Rom. German chains are characterised trol of this group has lately been P. & O. Bank............ by the predominance of manufac acquired by a Swiss concern.
East Aria Banks 90 Dom. turers who have engaged in the
Miscellaneous Chains.
Canton Insurances.....$630 nom. Union Insurance...... $824 bay.
buy.
try,
رو
this direction seems to have been chains for distribution of their pro-
HONG KONG STOCK EXCHANGE.
Do.,
...$770 xom.
begun by the Hudson's Bay Conducts. In fact, the chief urge in the just mentioned, there exists a large Yangteze Insurances.....M. 850 nom.
In addition to the organisations North China Ins......... 160 pany, whose products, of course, erection of such units has been the are all of natural extraction in the desire of manufacturers of goods number of miscellaneous manufac- China
Underwriters $2 sel regions of the Arctic
ready for consumption to avoid the turers' chains. These include, among China Fire Insurances...3305 buy. God Hors-d'Oeuvre.
jobber, wholesaler, and retailer and others, concerns distributing elec- H.K. Fire Ins. deal directly with the public. These trical equipment, optical goods,
*** $241 manufacturers chains have become sanitary equipment, and Sewing H.K. Steamboat 4 particularly predominant in certain machines; a particularly large num- Indo-Chines (Prof.).....$47, buy.
Do (Det) $70 дет lines, for example, shoes, cigars, ber of chain stores specialize in the Shell Transports..... 941. sal, 92/6 25. confectioners, coffee, dairy pro- bale of rosiery, gloves, men's and Union Waterboat.......22 ael.
boys' outfits, etc.; and three import Benguets 83.10 buy. ducts, soap, beer, and spirits."
Ant chains are organised to sell Kailan Mining Admin...62/3 nom.
Langkats (combined)......Th. 15 nom. care and umbrella Do. (angle)
9 bay.
At this stall I discovered a new hars-doeurre, which, as its name, pâte de morue, suggests. is made from cod. It embodies the whole substance of fresh cod liver and looks and tastes' not unlike pâté for which is claimed a medical as de jaie gras. It is a delicatesse well as a dietetic value.
From the same fish has been prepared a paste, like beef extract, which can be used as a basis for soups, and a soluble protein, which, it is suggested, might make an ex cellent liqueur.
there has been little development in Aside from manufacturers' chains
Germany of this form of distribu-
corsets.
Chains of
buy.
tion. To this general rule the de- stores are also to be found. Several hs1. E
hal Explorations*** Tis. sel partment stores are a noticeable leading groups of dyeing and clean-Shanghai Losur ... Tis, # exception. These are organised in ing establishments are owned by Bauba.......884 buy, chains, with several units in the another organisation of the same Trench Minese1 buy larger cities and single units in character, the D. Counde" A. G., K. & K. Wha $1261 buy.
HE. & W. Docks... ...832] buy. smaller municipalities, and their capitalised at 7,000,000 marks.
Sales of American products to Chins Providents $4.30 bay. One exhibit is a bottle containing growth has been phenomenal in the
German chains have been particular-engrings. Tls. 7 bog.
168 nom. the thyroid glands of the seal. last few years.
New These are introduced to this coun- Unfortunately, the general pab-try for the first time in the hope tinction must be made between the
In the tobacco trade a great disly important in the case of depart-
ment stores. These organisations Shanghai Dook ......ls, 188 buy lic is not admitted, and it will have
Ewo Cottons....
Tls. 16.49 that they may become important to retail of cigars and retail or purchase not only American mer- Oriental Cottons..... Tls. 2.50 bay. to wait for the experience of testing the medical profession, since the cigarettes. The cigarettes market chandise for resale their establist Bhai. Cotions (old).... Tin. 774 nom. some of the new products, which seal suffers from no known disensĖ, is very distinctly controlled by and equipment for establish-
(now)... Tia, nom are both any and awesome.
few large concerns that have not yet ments, In the last few years Ger-
8.55 0. Warding of Mosquitoes,
H. & gone into the retail business. The man chain stores have bought large S. Horala 138,31 es pol.
$114 buy.. contrary is true in the case of quantities of American electrical de- Shang Lands Tls. 147 buy, large down-town establishments are and refrigerators. Another very im- E.K. Realies nearly all included in manufactur partant point is the participation of HK, Tramways ers chains.
American capital in this enterpriten, | Peak Traiza (old) particularly in the department Bo (now)... ...36.05 no Controlling Markets.
stores. To a lesser extent this is Bar Ferries $84 nom, Grocery chains have been limited true also in other chain-store groups, China Light, (old)..313) sel.
Do Blectrice (now).
(new) $18.20 som.
:: 356 85 buy.
Casket of Sho-Oak,
Most prominent in the scheme Neither sportsmen nor animals perfumes. It might have been For the former there is a new pro thought that at this time of day lecting personal perfume which "there
was no new scent to discover; wards off the attacks of mosquitoes "yet at"one stall I came across and other pernicious insects; and delicate perfume that has been for the latter a new vitamin pro- captured from a bush flower of duct for racehorses. The value of
***
bay.
$18.80 buy. $13.80 nom.
England for the first time. It is some new orange coloured tablets, and sections of the country and, chain organisation entered the Ger- Electrics, squint 28 nom.
named Boronia, and is already known in Paris and New York.
On view is a bottle of this scent enclosed in a casket made of the oak and mounted with, gold, which is intended for presentation to the Duchess of York by the Western Australian Government
•
which also contain extracts from second, to certain particular proman field under its own name.
Bandakan Lights valerian root.
ducts, namely, coffee and dairy pro-: The chain stores have not yet
Telephones...no izlaid Nor has the chemist's art neg-ducts. In the Berlin area there are been made the object of particular
China Buser
T: 144 buy. lected to think out further soft two very large dairy chains, the action by the Government, either in drinks, which, it is stated, are com Pomeranian Creameries and Belle, the form of special taxation or
Singapore Tractions.....11.
Dai (Pref...20/- bay. ing more and more into favour in These firms to a large extent control otherwise. Although there is a China 95 cte. buy, this country.
the butter, cream, milk, cheese, and movement against department and Malabon Bugais m. 27 nom egg market of Berlin.
chain stores among the extreme. Canton Tobe 39.10 bay. Right parties, there is no indication Cementa (combined) $9.95 of a change in the attitude of the Do. (old) $7.70 bay. Government toward this type of Do. (new)...81:40ñom. merchatthising
HK Bonds.
The exhibition is helping to assist One does not ordinarily look to in ideas for Pharmacy Week, which The most important article is the chemist's shop to provide for is being held throughout the coun- Germany that is distributed to the try in October. One section is de-public by the manufacturer in beer.
indow displays,
Tt-ja-not-distributed through chain
the dinner table, but a new era in KARÁDNI, DA fret Bulung"],
JAVA-CHINA-JAPAN-
LIJN.
Tel Addreṣa
JAVALAM
Tel Contrat 1574.
JCJI.
York Building thangkung.
REGULAR PASSENGER & CARGO SERVICE BETWEEN HONG KONG, AMOY, SHANGHAI, MANILA AND THE DUTCH EAST INDIES.
SOUTH BOUND.
#
STEAMERS
Frox
EXPECTED
WILL ON OR LIATE OF
For
& ΑΚΟΣ
TJISAROEA S'HAI, & Axor 25th July 27th Jul BATAVIA TJIMANOEK ...S', E'LUNG. 28th July 30th July, Maxma, M'xsar.
4.
& SOBRARATA TJIBADAK ... S'HA AMOY. 5th Aug
7th Ang., BATAVIA TJITAROEM. S'HAL, K'LENS. 13th Ang! 18th Ang., MANTA, M’Kram.
& AKOY
4 p..
+
p. & SaBRAKALA
NORTHBOUND.
WTAL LEAVE OF
OR ABOUT
EXPECTED
STEAMERS
Prox
ON OR ABOUT
TJITAROEM. JAVA,MAKASSAR ID Barbour TJIBADAK
BATAVIA InHarloa: TUISONDARI.. BATAVIA 3rd Aug. TJILEBOET JAVA,MAXASSAN 7th Arg TJIKEMBANG BATATLA 14th Aug.
For
26th July Axor & S'HA 28th July Axor & 6'HAI. 4th Aug Axor' & S'HAL 9th Aug. Amor & S'hai. 18th Ang Astor & Smt.
EXCURSIONS TO JAVA
www
KAMODIAN BANDOENG
PAPANDAJAN
GAROET - SINDANGLAJA — NGA MPLANG TJISOEROEPAN - NONGKODJADJAR –
WANASABI.
What do these Names mean?
A chain of good hotels in cool, mountain-Resorts in a chain of scenic volcanic mountains in JAVA.
All inclusive tours from 3 to 4 weeks, re- membered for a life-time.
For particulars apply to:-
JAVA-CHINA-JAPAN LIJN,
Agents!--
ROYAL NETHERLANDS INDIES AIRLINES, LTD. York Building.
ka
H R3
Telephone C. 1574.
1575.
1555.
Hamburg-Amerika Linie,
COMBINED FREIGHT AND PASSENGER SERVICE. CABIN CLASS ACCOMMODATION FOR 60 PASSENGERS. FARE FROM HONG KONG TỌ GENOA~£73, 01, 04. OUTWARD
Sailings from Europe for S'hai, Japan & Northern Ports:- M.V."LEVERKUSEN
... due here on or about the 25th July dine here on or abort the 8th Ang. due here on or about the 16th Aug. ... due here on or about the 17th Aug. due here on or about the 4th Sept, due here on or about the 18th Sept.
M.V. “ERMLAND” M.V. "BURGENLAND”. M.V.FRIESLAND" 8.8.." PREUSSEN” "M.V. " VOGTLAND”** HOMEWARD,
Sailings for Genoa, Rotterdam and Hamburg via Manila, Singapore, Colombo & Port Said :-
IMV. "BHEINLAND" iling from here on or about the 27th July MV. HAVELLAND" sailing from here on or about the 10th Aug, M.V. "LEVERKUSEN" ailing from here on or about the 24th Aug, M.V. "ERMLAND ***** ... sailing from hers on or about the 7th Sept M.V. "BURGENLAND" sailing from here on or about the 21st Sept... S.S. "PREUSSEN ”--- Bailing from here on or about the. 5th Oct. 2 Calling also at Mareuilles.
Calling also at Amsterdam.
+ Calling also at Oran.
For Freight, Pastags and further Particulars, please apply to
JEBSEN & CO.
12, Pedder Streeź 10
United Abertos... $5 buy Dairy Farms, vi kan von:819.75 buy. Watsonnes .$11.90 nom.. Der & Wings.....80 ét. buy. Fans Crawford.......... #12 nom. Macintosha ...........$18 buy. Aincerce
$12 bar
AGEN,
Tel. U. 4754
W. Powells #2) sel; H.K. Amuretheala... ... $28) nom, R.K. Constructions... buy. B'que, Indus. G. Bonda...641% nom, H. Gort, Loans...
97%, prem, bay. buy-bayers; sol-pollocs į`na,