Money and Markets
CANTON TRADE
NOTES.
Some 170 bales of raw silk were #bld on Monday. The quotations were:-No 14/16 at H.K.8040 and 13/15 Best I at 8005.
*
*
•
Some 1,912 hales' of raw silk and 103 bales of ravelled silk were exported between the 10th and 20th instant (elusive) and some 534 packages of wolfram on Monday.
.
•
The rice market in Hong Kong has been doing exceedingly well and there has been a big demand. Shortage of arrivals and the report o a bad harvest in Annam have caused a big rise in prices.
A month ago. merchants in Tsing- tao suspended business as a pretest against an additional tax imposed uper their goods by the local authorities. They re-opened short- ly afterwards pending a settlement of their trouble and recent tele graphie advices, state that the trouble has been settled, on the re- duction of the levy.
*
There has been very little change In the cotton yarn market which has been quiet during the last few days. Prices have however risen by one dollar per bale owing to shortage of stocks. There are fair prospects, however, of activity in the near future. According to a Shanghai telegram, prices there have remained unchanged.
Owing to shortage of supplies the price of foreign flour has been steadily rising both in Canton and Hong Kong. The current price is about sixty cents higher per bag and merchants have been reluctant to buy at this figure. It is unlike- iy that the price will drop lower in the near future as the production, of four this year is limited.
+
•
*
The depreciation of the Kangai Provincial Bank notes has landed many Wuchow banks and money changer shops into bankruptcy. Before the town fell to the Nanking roops, they bought heavily and held them for a rise. But the notes have steadily fallen and are now quoted at less than ten per cent. of their nominal value and the authorities bave done nothing to restore their value.
HONG KONG MARKET REPORTS.
NEW YORK STOCK
EXCHANGE.
TONE OF CONFIDENCE> RESTORED.
["D.P." Special Service.]
New Yeak, July 3, Bearish professionals forced fur- ther recessions on the New York Stock Exchange soon after the open- ing. but subsequently suffered severa setbacks when U.S. Steel and other leaders developed strength, says the Dow Jones Financial News Servico in its daily sarvey of market con- ditions.
Advances in leading issues forced the bears to take to cover and abandon their efforts.
"
With the general list temporarily in an eversold condition, there was no chance for the bears to conduct their campaign with success.
ام
Violent recoveries marked General
Motors and other issues which have recently been under pressure. Be- fore
noon the market assumed buoyancy. Later some irregularity appeared, but the list continued to keep a tone of confidence.
Individual utilities issues were strong. Standard Gas and Electric hit a new high, and the close figure was 139 as compared with 1372 yes- terday. Consolidated Gas of N.X. advanced one point, to 1491.
U.B. Steel Still Rising.
U.S. Steel closed at 207, up from yesterday's 2014. Bethlehems like wise was strong, advancing 1 to a close of 1207.
General Motors closed at 701 on its rebound from yesterday's close of ee. Willys Overland likewise recovered, going to 23 from the close
THE HONG KONG DAILY PRESS, WEDNESDAY, JULY 31, 1929.
|
IMPORTS-PRICES CURRENT.
The reports and prices are published as supplied by Importers, and the Chamber cannot accept responsibility for the accuracy thereof.
Market dull,
Metals
IRON AND STOL-.
Steel Bars (round to 1*)"
Nail Roda
per picul
6,70
50-5.00
.M
Angles
4.35
Boda
3,00
ม
Su
Joista
4.20
'n
+
Sheets
8.10
(4' x 9'—5.50)
Plates
5.00
Swedish Barz
11.10
8.00
2.70
11.00
Small round rods Hoops, black steel galvanized
Taber, Black
galvanized
114
74 per cent.
64
P
Wire Nails, 11-3
per pical 7.80-8.20 Galvanized corrugated sheets,
2426
per 100 b. 240 $7.20 Galvanized flat sheets,
11.20-11.40
1/320, 1/6 per 100 1b 26G $8.90 Galvanized 8/32" 9p. picul $9.80 Galvanized wire 18/21 Galvanized wire Yr7
(Japan made)
LEAD
B.M., Spot
To arrive
... por picul
* 1420-14.50 1480-1480
Australian-B.H.P., Spot " 15.00
"To Live" 15.00-15.10
English Yellow Metal
Sheeta
Japan make 20 028. ... ** JAPAN COFFER
Bizhs
***
Tiles ...
ZINC SUITS, &
"51.00
DAILY SHARE QUOTATIONS.
HONG KONG STOCK EXCHANGE.
SHAREBROKERS' ASSOCIATION.
MARTELL'S BRANDIES
V. S, O. P.
BOTTLED IN
Buy 79
Bales Komix]
TUESDAY, JULT, SO.
Fayers Balers
Baler Nominal
Banks
$1,463
E.K. Banks
31265
Chartered Banks ....
COGNAC AND
GUARANTEED
PURE GRAPE
Mercantils Brs. "A"
£34)
£153
THREE
STAR
Bank of East Asia....
90
Insurances
$630
Canton Ips.................
18830*
V. V. B. S. O. P.
Underwriter
......$1,60 $
North China
T160
$326
Union Ing.................. 8326
1930-
Yangtaza Ins...
$60
China Fires.........$300
$770
H.K. Firre......
18770
$2
T160
$310
::: 14.
J
{897]
*་་
Do
P. & O. Banks
Shipping
Douglases
Steamboats
$24
Indos (pref.)****
1880
$90
Do. (def.)
02/6
Shell Transports ...
90/-
1322
Water-boats
£21)
Mining
163/6
63/6
Kailans
T.10
T.4
p. box 8.10-9.80
9.30
21/
WASTE AND OLD MATERIALA TIN PLATZE
English L.C.W., 20 x 14; 100
168. Spot
English I.C.W., To arrive English I.C.W, 183′′ x 14",
→ 8.15-8.30 110 lba Spot English I.C.W., TO ATTIVO 8.30-9.60 American I.C.W. (Spot) 2x 14"
100 lbs. p. box 113 sheets 11.60 Americas 1.6.W, To arrive 20'}}" 100 lbs. p. bom 112 shoots...11.60 Petroleum Products. WETTE BOSE BRAND
COMET BLANTO Cock
EAGLE BEAND
J
141
...per case 4.06
3.80
3.88
2 tins 3.50
...per baik 2.90 SOCONT MOTOR GASOLENE... per casa 5.80 8.89 SILVER LIGHT
69 Tos, per 2 tina 9.50 CROWN BALND
8i galls. 68 15. per bulk 2,90 BLAND ...71 lbs. per 3 tins 3.24 8.1. gall. 71 lbs. per bulk 2,64 per 1 time 3.42 Lar Gra SHELL MOTOR SPIENS...
CROSS
per gallon (ex pump) (165 Benzine prices reduced, 40 cents per
unit on July 7, 1929. TRIACO “SCALE"
par case 8.86 "Y Foo
3.02 6.20 ""TEXACO AUTO GASOLEN="**
Coals
Nut Coal
of 2 yesterday, while Chrysler KAPING-No. 1 Lump gained for a close of 73. Packard motor advanced from 1291 to 131).
Ralls were strong and active. Erie moved up to 884 from 1. Union Pacific, which closed at 268 yesterday, was at 2731 at to-day's close. Missouri Pacific moved up from 93 to 971. Chicago North- Yesterday's quotations for rice western gained 4. and
other food-stulls follow:-
were
Per
2.
Picul.
Rice,
Common White, Green Seal... $8.10 Common White, Red Seal... Common White, Ching Ling
Chee
3.18
7.69
Common White, Luk Sheung
Tao
8.46
White Broken, Red Seal 6.35 White Bran, Green Seal White Roundish Rice
Miscellaneous,"
3.95 €.07 7.27
Long Unglutinous
Coarse granulated sugar,
No.
24 .... Brown sugar, Java,
Nutmeg ...............
7.18 5.73 150.00
Dried Mushroom, Tung, Koo 200.00
White nut areas
Wood-tar, cii ...........
18.00 33.00
Soy Bean .....
4.00 8.00
Small green bean
Communications were improved. Domestic capper held at 18 cents and copper stocks were not greatly changed, though Kennocott moved up from yesterday's 83 to a close to-day of $3 and American Smelt- ing advanced
Call money held at 7 per cent.
MR. STROK'S FORTHCOMING
SEASON.
ENGLISH SINGERS AND TWO SPANISH ARTISTS.
J
No. 3 Lump
Langkate (com.)
Do. (single) Explorations... Shanghai Loans Raubs .......
Tronoh Mines
Godowns, etc.
ELK. Docks
Shanghai Docks
New Engineerings
Docks, Wharves,
{$127}
84.30
EK. & K. Wharfs... $127 Providenta
839
T.133
T138 T
Cotton Mula
Ewoś
T14.88
Orientals
***** 42.35
Do.
לייף
T14.80
*T.3.30
:::
⠀⠀
T.45
Shai. Ctons (old)... T77
(DOW)... TIS
Lands, Hotels and
Buildings
H.K. & 8. Hotels.98.35 88.45
Humphreys
!!!
***
Ar
par case 6.23
per 2 tina 5.05
per bulk 5,48
28.35
881 862 88.13 813.40
H.K. Land
H.K. Realtys
361802 138
813)
Public Utilities
$16.00
818.80 Tramways ******
15.00
1180 Peak Trama (old) 26.05
818.80
$11.80
11.80
9.40
8.70
$84 $13.10 19,05
1812.90
Do. Star Ferries
(new).
O. Lights (old)
Do (new)
$56 $56
Electrics....
1534 1313 1912.85
$55
87
87
Tractions
11/-
Industrials
No. 1 Black
No. 2 Black
Flour
QUOTATIONE
American Pateat ...par sack $400-4.10
Straight
3.00-8.45 " Cat off
3.10-8.56. Shanghai Flour
3,30-3.50. Australian No. 1
1
No. 2. No, 3 Canadian Cut off
Straight Mixture... 2nd Clear...
STOCK:
American... Canadian Australian...
፡፡
***
Telephones
(old)...$8
Canton Ices 29.25
Cements (comb.).......19
Do.
Do. (new)... 91
Malabon Sugara
Miscellaneous
***
89.10
$7
1839
182.10
»
.93-3.05 2.00-3.00
$9.05 87.70
$91 €9.10
4
191.40
#
280
2.75
$7
Ropes ......
$27
ET
***
.... 250,000 bag's
... 2:43,000
40,000
$19
610,000 baga
$0.80
826
$11
Dairy Farmaine|819,90 Der A. Wing........... Amusements Constructions.............. $14
80.50
$272
$1.95
312
$12
MAXKET:-Since car last report, lozal prices have advanced 20 to 30 cents per bag in part sympathy with the wivances in prices of four exporting countries, but the local advances cannot yet keep up with the sharp advances of the world's quota. tions owing to the inability of the small dealers to pay high prices. Flour dealers are not inclined to.sall at present as they prefer to wait until they see where the future of wheat in likely to take the price of flour.
Mr. Strok, the well-known im- pressario announces that he has completed arrangements for the On the whole the market seems fairly forthcoming appearances in India, strong and prices inclined to advance still Straits Settlements, Philippines, farther. Dealers are afraid to place China and Japan of "three of the orders at the present high prices, but if world's greatest concers attractions such prices could be stabilized mach
the -Andres Segovia, famous larger business can be anticipated.
Sundries. guitar player, Miguel Fleta, Spain's
4th Quality of 100 sq. ft. per box --- CANTON STOCK EXCHANGE greatest tendr; and the English WINDOW GLAZE
Singers of London. The two first-
18oz 18oz Fair average sizes— mentioned artists will start their
1/18" thick per box...5.50 5.70
18.50 tours during September in Manila
1/5#
(27 p.) and the English Singers are due to
China, India and Btraits Produce. appear at the Imperial Theatre, Tokyo, or January 20, 1830.
CLOSING QUOTATIONS..
CANTON, July 29.
********. 83.40
Water Works ........
Electric Light & Power Co. 3.80
Canton-Hanko Railways...
.49 $7.00 The Sun. Company
..122.00 Sincere Company
4.40 Kanyang Bros. Tob. Co...... Kwangtung Tramways Co.... 2.40 China Merchants' S.N. Co. 35.00 Central Bank of China... 41.00
THE S.M.E.D. RUMOURS DISCREDITED.
Good news for Shanghailanders was embodied in the address Mr. S. W. Murphy, of the Shanghai Power Company-who recently paid Tls. 81,000,000 for the S.M.E.D. | delivered to the Union Olub.
Fleta, who is said to rival the late Caruso, is a comparatively young man, having been born in Madrid in 1897. He has sung in grand opera in every European city of note and at the Metropolitan Opera House, New York.
Jara Bough White... per pical 17.03-7.43 (Reported sales 50,820 picula. Spot.) Java Rough White per picul $7,08-7.48
(Beported sales 169,620 picals. To arrive during July, August, Sept., Oct., Nr., Dec, 1929) Java Fine White ...por pical $7.43-7.98 (Reported sales 4,814 picals. Sput.) Jays Bough Brown per picul 16.43-6.78 (Reported sales 27,374 piculs, Bpot.) Jaya Rough Brown per pieni 16.35-8.88 (Reported sales 76,280 picats. To arrive during July, August, Sept Oct, Nov, Dec., 1929.)
I
Java Molasson... per picnl $5.40-8.03 (Reported sales 42,749 picais, Spot.) Java Crystal No. 24......per pical
By his recent successes in Europe and the Americas, Andres Segovia has proved that the guitar, in the hands of a first rate musician is an instrument with a message. It is expected that the novelty of a re- cital by this Spanish player will attract full audiences everywhere.
The guitar has for long ceased to be considered a serious musical instrument, and has been generally | MILLIONAIRESS STRANGLED associated mainly with romantic troubadours, so much so that the recitals of Andres Segovia have been a revelation to many.
The English Bingera......
BODY FOUND IN FIELD NEAR BELGRADE,
Mr. Murphy nailed the rumour
Belgrade. The well-known mil. "A concert by the English Singlionairess, Madame Irma Molnar, that in order for his company to- show a profit on their huge investers of London is an unforgetable was found strangled to death in ment it would be necessary to raise experience, and interpretations.
a maize field. the rates by detailing the success that in their particular kind are
The deceased, who was 70 years in other countries that had enabled unparalleled on the world concert his company to increase their in-stage." Thus the music critic of the old, was known as an eccentric and vestments from G-8400,000 in 1990 New York Times, described a recent as having had a fortune of about to over G.818,000,000 in 1925.
recital by this body of madrigal, 20 million dinars, of which she had
The luncheon was well attended folk-song and carol fingers. Ia lent large amounts to certain pear And the speaker was introduced by fact, few who have heard this ple who lost part of it in exchange. The president of a chut Gamestatica at the speculations
The police believe, therefore Wilson, who also drew attention to delights of the old English mucie several other prominent men pre presented in its most felicitons that the murderer has to be sought
ferm, the ensemble.
amongst her many debtors.
7. pr
$12 Lane Crawfords ....
Nanyang Tobacco...i Sinceres mu
811.90 Watsons 812
Wm. Powells.......
644 B. Ind. G.3 Bonds...
HK Gost. Loan... $107 Chinese Estates
em.
100
LECTIO
TRA SPEC
HLAND
nd fully natio
CHARLES MARC GLASGOW
子窗
1331
63%
MARCHANT'S
GOLD LABEL EXTRA SPECIAL
Old Highland
Whisky.
Distilled and bottled, in Scotland and guaranteed fully matured in wood.
A Whisky of quality at moderate price.
Obtainable at all leading Clubs, Hotels and Stores and from the
Sole Agents
T. E. GRIFFITH, LTD.
TEL 3517.
BRANDY
BI,
MARTELL & CO.
SOLE AGENTS :-
GANDE, PRICE & CO., LTD. WINE & SPIRIT MERCHANTS,
Br. Grozer's BUILDING, ICS HOUSE STERET, TEL. 0. 135.
Hoya Kowa
DISCIPLINE
Teach your hair the way it should go, let it be always well trained and orderly-use a little ANZORA every morning.
Our Blơng Long Apinis
The Colonial Dispensary.
14, Queen's Road Centras, Hong Kong
£4, Pottinger Birsa, Bong Kong. Los Bros. & Co., B. Y. &... T
40. Bonham Strand Wea, Hong Kong.
Mi soufactured by Anzara Parfumery Co., Ltd., Laddon, N.W.6. Xastatud.
Autors, Cream for greasy scalps. Anzor Viola for dry scalps. Sold by Denggists, Hairdressers and Scores, or from our Agents.
ANZORA
Masters the Hair!
THE NAVY'S
Coates
CHOICE.
ORIGINAL
PLYMOUTH GIN
OBTAINABLE- EVERYWHERE,
Typhoid Dangers In Hong Kong.
21.
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in dealt with topics the Current issue of
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and the Water Situa
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