Money and
Markets
CANADA'S WOOLLEN TEXTILE
INDUSTRY.
VALUE OF LAST YEAR'S TRADE.
["D.P." Special Service.]
cloths woolien
THE HONG KONG DAILY PRESS, SATURDAY, AUGUST 3, 1929.
HONG KONG SHARES. DAILY SHARE QUOTATIONS
BENJAMIN & POTTS' WEEKLY. REPORT.
Business during the past week has heen somewhat restricted as regards local stocks, but a good deal of at- tention is being paid to Cottons and other Shanghai stocks, which are. generally stronger. «
Bank-Hong Kong and Shanghai Banks have reveded in London to £1834 (Middle), but the local market has kept stendy with sales
Marine and Fire Insurances.- Chions are in good demand with tinue in request at 8310. Cantons buyers, at 93263. China Fires con- are enquired for at 9830. Hong Tiso Kong Firee are unchanged.
HONG KONG STOCK EXCHANGE.
$1,265
CANTON STOCK EXCHANGE.
CLOSING QUOTATIONS.
CANTON, August. 1. Water Works
$3.50 Electric_Light &_Fower Co. 3.80 Canton-Hankow Railways The Sud Company...... Sincere Company
*05.00 .121.00
Nanyang Bros, Tob, Co, .............. 1.90 Kwangtung Tramways Co.... 9.30 China Merchants' §.N. Co. 38.00 Central Bank of China
41.00
LONDON..
Visitors to London will find the com- forts and amenities of a home at
TREBOVIR HOUSE. Advantak only bitásted. One minute- Tube Station Ten minutes-Ficcadilly and Karsington Gardens Large Sunny Rooma Constant Hos-Water Excellent Duisine. Highly recommended by Officers and Families Fall Board Resilence. Single Room From 22-17.8. Double from
gns For Week, 13, Tragovin ROAD, EARLS COURT, BW, K
JAVA-CHINA -JAPAN-
LIJN.
Tel. Address
JAVALYN
Tel Central 1574.
SHAREBROKERS' ASSOCIATION.
Buyer
Fuller
Balou
FRIDAY, AUGUST 2.
Buyers Balls Baler Nominal
Banks
$1,985 £125
H.K.. Banks
£1
Do. (London) ... Chartered Banks
£191
Mercantile Bks. "A"
Dog
£15
P. & O. Banks] Bank of East Asia...
$90
Insurances
$030
Canton Ins.
$630
432
Underwriters
.....$1.80
North China
T160
9326
Union Ins.....
832€
850
Yangtze Ins.
JCJL
China Fires
$300
$70
H.K. Fires
3770
Shipping
York Building
37 Douglases
827
Hongkong.
Steamboats
5244
Indos (pref.)
$70
Do. (det)
92/6
Shell Transports
$04
Water-boats ********
Mining.
Benqueta......
63/6 Tis
Kailans
Langkats (com.)
T15
T.91
Do
(single)
TO
Explorations.......
T.43
Shangbai Loans ... Raubs
$81
Uttawa Ont. The Dominion value or value added by matfac Bureau of Statistics has issued a 1 turing, obtained by deducting theported at $1,265, comprehensive report on the peost of raw materials, was reduced
Woollen
Textile Industry into the extent of only Sen, de, this Canada 107" which deals with item being shown at 814,
compared with $14,196,636 in 1926. the products, capital invested, num. ber of employees, ete, under four The number of employees in 1897 was 7,968 compared with 6.0% in heads: woollen
Shipping.-Preferred Indes can mats and race the previous year. The arrod was be placed at 947) Hong Kong, 3310 Farne carpets, and wollen goods, .... which slightly higher at 120417 com- Carton and Macao Steamboats are includes wool felts, wool pulled.pated with 86,042,170.
on offer at 8243, and Waterboats at etc., wool stock (shoddy) woo! Interesting sections of the analyse. Shell TransportsRegister- waste and noils, etc.
sis deal with the quantity of pro-ed Have lapsed to duction and the imports and ex- quotation of 92/6. ports in each division of the i- dusty.
nomina!
Docks. Wharves and Codowns.~~
It is pointed out that the four sections of the woollen textile
That Canada is by no Kowloon Wharves were dealt in at 474 industry produced manufactures. to the value of $31.212.49 in the means applying its requirements $127), and more shares could be year under review. This value com.in wallens is shown by imports of placed. Whampoa Docks are want. pares with a total of 2.401. woollen textiles in 1927 to the valued at $321. China Providents can The summary by Le placed i: 84.30. Shanghai Docks of $43,208,283. classes shows that this item is have partly recovered the dividend made up of raw materia's valued of Tis, 7 just paid and are in de-
in 1926 showing a slight reduction in value for the industry ns. ♫ whale. The decline was due to a lower value of production in the first two groups or woollen cloths Production in and woollen yarn. the earpets, mats and rugs section. And in the woollen goods, n.t.s.. grup registered increases.
L
Woollen einth ranked first in pro- duction value the output of the 55. mls in this group in 1927 being valued
814.318.369 compared with $15303,063 from 54 mills in the previous year. Capital invest ment declined hy $56,309, the total for the year "ander review Keng 820,170,185.
1927.
Carpets and Rugs. The carpets, mats nad rugs sec- tion was in several respects the outstanding group in the woollen The textile industry in value of manufactures, increased to 84.015.339 from 1,132,600 Capital investment we 8306.360 higher at $4,343.572 and the number of plants was up by cne at 18.
French Tweeds.
27/-
at T.133
at 89,525.843, partly manufactured mand at Tls. 133. New Engineer- $310 goods, 24,108,3 and wholly mannings were hid up to Tls. 74.
Lands. Hotels and Buildings.- factured goods, $39.170.601.
Hong Kong Lands were again sold at 8611, and more shares are wanted In the grand total there is a 830 ex the interim dividend of reduction of over a million dollars sa. Humphreys Estates can be from 1926 when the total war shown placed at 813 Hong Kong and at 847,371,10. The bulk of the im- Shanghai Hotels changed hands at porte of woollen textiles are from 8.33 and continue in request. the United Kingdom. France Realty's have declared an Interim pears prominently in the supply of dividend of 30 cents payable on
dres women's
goods August 12, and have buyers at 38.13. tweeds. worsted and serger, and cassimeres
Public Utilities Hong Kong $324 though in each page ranking after Electrica have been dealt in the United Kingdom in the supply 8351/56 Hong Kong Trams are T7}; of there commodities.
offering at 818) after sales. China Lights (Old) were negotiated to a fair extent at $13.05/813). Star Ferrics were bought at 261.
Miscellaneous. - Green Island T14.90 Cements (Combined) have ruled firm and were dealt in to a large extent and the market closes with buyers at 89.10. Amusements are enquired for at 6. Dairy Farms. have eased off to $192. Watsons are undanged at $11.90. Hong Kong $8.35 Government Loan can be placed at 7 per cent, premium.
+
**
230 1.781 T.45
- -
Tronoh Mines
Docks, Wharves,"
Godowns, etc."
8127 H.K. & K. Wharfs....
Providenta......
184.16 H.K. Docks....... $32 Shanghai Docks
T1 34 New Engineerings 17
Ootton Mills
ww
9137)
$4.95 $4.20
1*4
!!!
REGULAR PASSENGER & CARGO SERVICE BETWEEN HONG KONG, AMOY, SHANGHAI, MANILA AND THE DUTCH EAST INDIES.
SOUTH BOUND.
STEAMZAS
FROM
ON 02
ENLICTED WILL
LEATZ ON
Foa
BATATIA
M'Esin
17th Ang... |
27th Aug.. „Manila, M'xAL.
4 porn.
& BOBRANIA
18th Ang..
BATAYA
4
7th Sept..
BATAVIA
4 p.r.
TJIBADAK
AXOT 5th Aug.
TJITAROEM ... S'hai., K'lung. 31th Aug.
& Amor TJISONDARI..... S'HA & AMOT 15th Aug
TJILEBOET ... S'AL., E'LONG. 25th Aug
AXOY TJIKEMBANG BRA. & AMOY 26th Aug TJIKARANG ... SEAT. & Amor 5th Sept. TJISALAK S'HAL, K'LUNO, 8th Sept.
ANOT
7th Aug,
4 p..
13th Aug. MANILA,
4 pm & SoBRÁBALA
BATATLA
10th Sept Max, M'ISAR.
4 p.m. & SOEBABAIA
NORTH BOUND.
WILL LEAVE ON
OK ABOUT
4th Aug. Axor & S., 9th Aug. AMOY & S'aak. ́.. 15th Ang. Amor & 8’FAL, 22nd Aug. Axor & S'HAI. 25th Aug. Amur & SʼxAL. 8th Sept AxaT & SHAL 6th SeptiAmor & 8′xa.
$4,30
$3
T17 Honghee j..........
Ewos Orientais
15.10
S'hai Ctons (old)..|
Do.
.....T9.35
179 (new)... T45
---
STEAMERS
FROM
Lands. Hotels and
Buildings
TJISONDARI ....
$8.35
H.K. & S. Hotels.38.35 88.45
#60
$597
H.K. Lands ......... $59
859)
div.
T.147 88.15
Shanghai Lands
H.K. Realtys .................... 88.10
Humphreys
........$13.60
BATAVIA TILLEBOET JAVA. MAKAMBA TJIKEMBANG BATATI TJISALAK Java,Makassar 21st Aug. TUIKARANG .. BATAVIA 24th Ang TJIBADAK
BATATLA 1-4th Sept. TJITAROEM .. JAVA,Marashanth Sept
EXTECTED ON ON ABOUT
3rd Aug.
7th Aug! 14th Aug.
259
Oils and Mining-With the ex ception of a sale of Kailans at 63/0 $131 there is no business to report in this section. Benguets at $3.10, Raubs at 85 and Tronohs at 21/- can be placed at quotations.
18:18
k
$99
In the woollen yarns industry output in 1927 showed a slight de
Canada's exports of wool and its cline at $8,944,763, compared with producte, the report points out, 87,006,877 in 1926. While the num-amounted to $3,453,433 in 1927 establishments remained The principal exports were of raw her stationary at 17, the capital invett wool which amounted in value to ed shows - A large increase from $3,133,095 and of, which the United 25,417,093 as at the end of 1996 to States took $9.200,269 worth and
the $9,701.057 for 1927.
United
8726,799. Kingdom, Exports in the previous year amounted to $1.632.621.
Canada also imported carpets, mats and rugs to the value of 80.039,597 in 1997 compared with 82.005,104 in the previous year. Im ports of oriental and hand woven rugs increased from 8640, to 2904,182. Imports of all varieties from the United Kingdom amount- Fed in value to $1,312.598. Turkey.
Cotton Mills-This market has The woollen goods, n.c.s., sec- the United States, France, Ger tion also shows, an increase in the many and China were other coun-shown a considerable improvement. grOB value of production from tries from each of whom Canada Ewos were booked up to Tis. 33 $5,738,402 to $5,934,260. Capital purchased carpets, mats and rugs News of an interim dividend of 40 amount exceeding candareens has just beer received. investment declined by 236,130 to in 1927 to an
Shanghai Cottons have buyers at 87,736,050 and the number of estab-8100,000 and under $200.000. Hishments reporting hy 1 to 24. Canada's exports of carpets, the enhanced quotation of Tla. $0 $55.80
Considering the industry as a mats, etc. were valued at only for the Old, and Tls, 451 for the whole, the report shows that the 295,768. The Bureau of Statistice new shares. According to cable total capital invested in the woollen in its statement directs attention advices, the Oriental Cotton Mill, T.141 textile industry in Canada in 1927 to the high value of Canada's imar present in liquidation, have de WAN $42.099.804. For 1026 the ports of carpets, mate and rugs,clared a return of Tis. 247 per 251- amount was reported as $41.184,601 imports of 8.19,527 comparing share.
"Exchange.-The TT rate on Lon- showing an increase of 8546.263 with products of manufacture in
for the year under review. While Canada valued at $4.015.339 or imdon to-day is 1711 and on Shang- the value of production or gross ports to the value of sixty-six cents. hai 821. value of manufactures was 8168,350 | for every dollar of product manu lower in 1927 at $31,212,849, the net factured in Canada.
HONG KONG MARKET REPORTS.
Yesterday's quotations for rice food-stuffs were 15
CANTON TRADE NOTES. ·
25,755 bags of rice were imported during July.
Over 270 packages of wolfram ores Per have been exported during the last Picul. two days. $7,09
*
130 bales of raw silk were sold on Thursday last. The quotations were Nos. 14/15 HK 2035, Nos. 20/22. H.K. $850.
As the Canton Central Bank of China notes are now being accepted at full value of exchange. The rate For Hong Kong money has dropped.
other and follow:-
Rice.
White, Green Seal.
White, Ching Yn
White, Ching Ma
White, Lam See
8.87 7.62
Long Laglutinous, Tui Kom
Loug Unglutinous. Ching Wa
7.19
1.40
Miscellaneous,
Coarse granulated sugar, No.
18.
Coarse granulated sugar,
24....
Honey
Groundnut oil, Fangtze
Wood-tar oil...
$6.53
7.13 15.00 21.43 31.50.
Dried Mushroom, Tung Koo
250.00
Red Melon Seeds
Sago, Superior
£7.00 6.90
Dried edible sca-weed."6.00
Foreign barley
30,00
Scarlet Bean.....
8.40
Black Bean
8.70
in Kongmoon since the inter-Kwang
:
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE.}
Paris
New York
Brussels
Geneva..........
Amsterdam
Milan
Berlin Stockholm
Copenhagen
Oslo Vienna Helsingfors Madrid Lisbon
Athens Bucharest
Rio
Buenos Aires
Bombay ...
Shanghai
Hong Kong Yokohamz
34.895
25.15
12.183
02.80
20.85
#
*
The cotton yarn market has con- tinued active and prices have further advanced by two to three dollars per bale. The quotations in Canton on Thursday were No. 20 at 8979 to 8313, No. 19 at 8255 to 8288 and No. 10 at 8227 to $247.
*
*
"
Trade conditions have been bad
僵
8183 $18.70)/3
€6.05 $84-
Star Ferries
913.15 $12.90
$13.15
+4
$551/90
Forward Settlement Days.-- August 27 September, 24, and Ŏcto $7.70 ber 29, 1929, "
SHANGHAI RUBBERS.. The following are to-day's cabled quotations from Shanghai-Anglo- Javas Tls. 10. Anglo-Dutch Tis. 6, Batu Anams Tls. 105, Chemors Tis. 216. Consolidateds Tla. 4.25, Eroe- works Tis, 3.20, Repaha Tls. 1.78, 1.60. Tebongs Tanah Merahs s
Ts, 3.10, and Ziangbes Tls. 9.90.
STEEL BROS. AND CO.
REORGANISATION OF CAPITAL ISSUE.
The ordinary capital of Steel
25
11484
$64
$13.30
$13.15
8451 $56
Chinese Estates
Public Dikoa.
Tramways
11.80 Peak Trama (old)... $11.80
Do. (row).
C Lights (old)...
Do
(Dew).
H.K. Electrics
8262 Macao do
Sandakan Lights . Telephones.
China Buses Tractions.
Do." (pref.)......
Industriala
Canton Icea..... $9.25 Cements (comb.)... 29
Do.
(old)... 88 (new)... 81
*i........ ***
;:;ཡོ༴ ཙྪཱ
89.20
81.40
Do.
$7
Ropes
80.95
China Sugars.........................
827
Malabor Sugars ...
United Asbestos ....
Miscellaneous
Dairy Farms Der A. Wings.. Amusements Constructions
Lane Crawfords Mackintosh............ Nanyang Tobacco........ Sinceres....
311.90 Watsons
$191
$0.80
326
$1.05.
$18
$12
*
818.80
#6
1829
FOR
JAVA.
THE TROPICAL GARDEN OF EDEN.
Follow this flag on the comfortable steamers of the JAVA-CHINA-JAPAN LIJN to JAVA.
Corgeous motoring along hundreds of miles of Asphalt roads.
Famous Botanical Gardens of BUITENZORG, Smouldering Volcanoes.
Ancient Hindu Burubudur and Mendut Temples. -Native Art and Art Craft.-Numerous cool Mountain resorts 3000-6300 feet altitude..
A round-trip that takes 3 to 4 weeks to be. remembered for a life-time.
For particulars apply to :-
JAVA-CHINA-JAPAN LIJN.
· Agents:-
ROYAL NETHERLANDS INDIES AIRLINES, LTD.
$19.90
180.60
$273
$1.95
94
812
Wm. Powells
Sat
641%.
B. Ind. G. Bonds....
63%
71. prem.
H.K. Govt. Loan... $107
York Building.
RIVALS.
Brothers and Co. the important NEW INDUSTRY FOR INDIA. East India merchant house, has been re-organised for rather novel reasons. For more than 30 years ATTEMPT TO OUST FOREIGN the ordinary shares have been held by those actively engaged in the business-namely, by the managing directors and the managers and assistants in London and the East.
These holders have, heen largely
dependent for their remuntration
61
Tatanagar-Ap interesting in- dustrial development 118 in
augurated at Tatanagar when Sir
upon the dividends paid on the Bhupendranath Mitra, Member for
Government Help.
It will become possible to manu- facture, 2,000 tons of cast steci monthly and 2,000 extra tons of cast iron. The present cast iron output is 150 tons daily, consist- ing mainly of sleepers and wheels.
Mr. Agarwalls welcoming Sir Bhupendranath Mitra, remarked that the raw materials of the iron
ATHA
Telephone C. 1574.
1575.
1655.
THE EAST ASIATIC CO., LTD.
COPENHAGEN.
"The M.S. "JAVA"
loading on or about
1st September
For
PORT SAID. ANTWERP, ROTTERDAM, AMSTER- DAM, HAMBURG, COPENHAGEN AND OTHER SCANDINAVIAN & BALTIC PORTS,
SAILING LIST. SHANGHAI, ETC. -17th August
18th Sept. 21st Oct:
OZ SAILINGS:-
and steel industry, were practical- ly inexhaustible" in India. The
sumption in India were far greater than in any other country. The State would be required not only to encourage the industries by pur- cheses, but to help by means of or a subsidy, if necessary. protection in the form of a bounty Irregular, spasmodic purchases The proprietor, Mr. J. Agar by Government departments might mean death to many industries, and walla, said it is proposed to manu-
were not a little responsible for the facture cast steel wheels for rail- way earringes and wagons. As to present labour troubles.
MS. "Asia" M.S." Afrika" Sir Bhapendranath Mitra, re firms in India were at present un-
M.S"" Malaya dertaking this process Indian rail-plying, said if an industry was ways had been compelled to buy to depend wholly on the custom of wheels outside the country, princi- the Government it was open to pally from America. A reverbera doubt whether that industry would tory furnace and an open hearth have an assured future. If an ia- furnace will be installed in the dustry was to live solely for the steel foundry.
purpose of meeting the require- The new buildings will measurements of Government, it might be 850 feet by 225, and will include questioned whether it would not be foundry, where the larger castings the taxpayers that the Government will be made and handled by over- should itself undertake the manu head eranes. The company's enter- facture of a particular class of prise will give employment to 1,500 articles as part of the opérations of men, in addition to 2,000 working one of its semi-commercial organi at present.
war, and the heavy taxes imposed ordinary shares, and the directors Industries, laid the foundation-possibilities of iron and steel con- by the local authorities have not consider that the inducement thus ensed the burden of the merchants. held out to those engaged in the stone of a steel foundry and ma- Little business is now being done management to devote their best chine shop which the Tatanagar either with Hong Kong or places on energies to their duties has been Foundry Company, a subsidiary of the West River. Ruger, August 1..
largely responsible for the success of the Tata Iron and Steel Company, 123.823
the company. The fashion for pearls has declined 4.83 7/32
The company's articles of associais erecting for the manufacture of among Chinese women of late and tion provide for the transfer of the railway materials. in consequence prices bave dropped ordinary shares of a retired or by about 30 per cent. Their place descased manager to existing man- has been taken by jade and other agers, but difficulties may arise in precious stones, the price of which financing such transfers of shares has mounted briskly in response to To preserve the existing system and to reduce the naveial strain of ac- the sudden demand.
quiring ordinary shares available The Canton Central Bank of China for transfer each £100 ordinary recently received from the Nanking there is being sub-divided into 75 Ministry of Finance 930,000 ounces preferred ordinary of £1 each and of silver bullion as the first instal-50 deferred ordinary shares of 10s., ment of the silver set aside by the the preferred to carry a fixed 8 per Central Government to maintain the cent, non-cuinulative dividend, Icay- currency of Canton. The bank ing the balance of profits to the authorities have had a telegram from deferred ordinary shareholders, the extension of an adjacent iron in the interest of the public and
Three-fourths of the voting rights the Ministry announcing that an- other instalment of over 3,000,000 will remain with the deferred cunces of silver bullion will be ship- shares, and the holders of preferred ped to Canton by the s.s. President shares are to be entitled to vote at Wilson, which is expected in Hong meetings only if their dividend bus
been reduced or passed. Kong on the 10th inst.
Silver (spot) Silver (forward)
18.10
18.15
· 18.205
34
193
30.193 109.20 375 809 (1)
57
471
2/42
1/5 25/32
·1/7 (1) 1/11 3/32 24 5/16) 248 (1)
•
zations.
*
CONTINENT, 374.
24th Sept
24th Oct. 2nd Dec
Optional Bills of Lading issaed to United Kingdom Ports.
For further particulars, please apply to:-
JOHN MANNERS & CO. LTD.
Telephone C. 4073...
MERCANTILE BANK BUILDING. 'Agenta,"
. יי
Manufacturers of perfumes and owing to the new taxes on foreign toilet articles are doing unusually goods, but imported perfumes in well. The trade in articles of particular are being bought freely Chinese manufacture has improved by the wealthier women.