THE IMPERIAL TYPEWRITER,
Total
THAT INTERESTED
H. M. THE KING.
Sole Agents':
T. E. GRIFFITH, LTD.
4.
6, Queen's Road C.
Tel. C. 3517.
DAILY SHARE QUOTATIONS.
HONG KONG STOCK
Видете
Ballers
EXCHANGE.
SHAREBROKERS" ASSOCIATION.
$1,235
200
FRIDAY, AUGUST 30.
Bipera Baller
Belce con
Banki
1,230
H.K. Banks
2125)
Do. (London) ...
Chartered Banks ---
£32
Mercantile Eks. "A"
£19 £341
£10
Do.
"C"
£15
890
Bank of East Asia..
*
Insurances
8630
Canton Ins.
$630
32
Underwriters
$1.90
T160
North Chinsen
T160
6330
ta
Union Ins............
8380
$330
850
Yangtaze Ins..
$60
$310
China Fires
$300
3760
H.K. Fires
$770
Shipping
$57 1525
Douglases.....
Steamboats
3243
Indos (pref)
$70
Do. (def.)
98/8
Shell Transporta
199
83.10
62/0
T.15
T.9
T1.40 T1.38
TA
69,80
Water-bosta
Mining
Benqueta......
Kailans
Langkats (comb.)
Do. (single)
Explorations...eria. Shanghai Loans ...
Raubs.********
Tronoh Mines
Docks, Wharves, Godowns, sto.
⠀⠀⠀⠀⠀⠀
H.K. & K. Wharfs... 2130 Providents.......
$120 $4.30
84.30
$39
H.K Docks... $32
T.141
Shanghai Docks
T140
T.71 T.183
New Engineerings"
Hongkews
Cotton Mill
Ewos"
***
14
T93
Shai. Ctons (old)... T.91
***
T.48
***
Zoong Singe
T17.40 T17.60 T1740/00
T10.40
$8.40
8401 T153
28
814.10
88.40
360
87.90 $14.20
TH
$27
300
800
96/-
•1)
...
899
.............- T17.35 $172
Do. {11nw}.. T.81}{
Lands, Hash and
Bulidings
H.K. & S. Rotels
H.K. Lands
Shanghai Lands
H.K. Realtys Humphreys Chinese Estates
Public Utilities
Tramways.... 818.06
Peak Trams (old),
Do. (now) Star Ferries
C. Lights (old)... $12.60 (new).... $12.45
H.K. Electrica
Macao do.
JI
DO
T.10
THE HONG KONG DAILY PRESS. SATURDAY, AUGUST 31, 1929.
Money and Markets
HONG KONG SHARES. THE GOLD MARKET.
BENJAMIN & POTTS' WEEKLY REPORT.
The week under review opened quietly, but after the satisfactory, conclusion of the small August Settlement on Tuesday last, slightly better tone has developed and the market generally shews. firmer tendency,
Banks.-Hong Kong and Shang bai Banks come through from Lon- don at 9125.10 (Middle) with small business done locally at $1,230/81,933.
EFFORTS AT STABILISA-" TION.
[United Press.)
LONDON.
OCEAN GREYHOUNDS China and India black tens, a Visitor to London will find the com
CHASING THE BLUE RIBAND.
FUTURE DEVELOPMENTS,
New York:-Great Britain, France, Italy and the United States are in a new internationa! race for aupremacy in north Atlan- tie passenger hauling. The trans- Atlantic speed record established by the North German Lloyd liner GENEVA, Aug. 20.
Bremen on her maiden voyage from Measures for making gold behave denoted Germany's recovery as a Cherbourg, France, to New York, properly in its purchasing value leading maritime power and defini were to be devised when a Comtely started the race, likely to de- velop into the greatest in the history mission of international gold ex-
of modern ship-building. perts convened here to-day "under the "auspices of the League of
Nations.
With the gradual world-wide re sumption of the gold standard, the Marine and Fire Insurances. problem of stabilizing the purebas Unions were dealt in at the outing powers of gold Has become one set at $325, but are firmer at the of the utmost importance in inter- close with buyers at $330. Cantons national trade and commerce... are in request at 8830. Hong Kong Fluctuations in gold value cause Fires are obtainable at 8760.
the same difficulties, although in Shipping-Preferred Indos con- greatly minor degree, as did the tinue on offer at 847. Shell Trans-fluctuations in the paper currency ports have advanced to 97/- Hong of the different countries that took Kong, Canton and Macao Steam place during the first few years boats can be placed at 823, but there are no sellers except at an advance. Douglas, Steamships and Water- boats, are unchanged.
Wham-
after the war.
The Commission which convened to-day will undertake to ascertain what measures might be taken by Docks, Wharves and Godowns-nations all over the world in order Hong Kong and Kowloon Wharves to secure the greatest possible de improved to 8130 at which rate gree of stability in the purchasing business was done, but the market power of gold. It is especially im- has since eased off to $129.
portant that this same degree of poa Docks can be placed at 832 stability should exist all over the China Providents are firm with world. buyers at 84.35, Shanghai Docks have risen to Tls. 141 and Now Engineerings are wanted at Tla. 7. Shanghai and Hongkew Wharves have had a smart rise to Tls. 183.
The Commission will reports its andings back to the Permanent Economiq Commission of the League, and if the latter finds that are likely the proposed solutions to give the desired effects they will the League in turn he sent to Council, which will then recom- mend all of the nations of the world
Lands, Hotels and Buildings Hong Kong Lands have buyers at 8601 after transactions at this rate. Hong Kong and Shanghai Hotels are a little firmer with buyers atto put them into force.. $3.40 and sales made at 88.50. Humphreys Estates at 814.10 mark
a further rise. Realtys have takers At $8. Shanghai Lands shew a farther rise and have buyers at Tls.
153.
Public Utilities.-A sudden de mand for Hong Kong Electrics lifted the price to 860 at which
RUBBER.
BUSINESS DULL
Messrs. Pentreath & Co., have
figure a considerable quantity of forwarded us the following letter, shares changed hands. The market, dated July 24, which they have however, closed slightly casier.
from Messrs. Hornby China Lights have further declined received and sales were made at 8124 and Hemelryk & Co., Liverpool:- $12.35 for the old and new shares respectively. Hong Kong Trams have buyers at 818.30 after transae tions at this rate, ex the Interim dividend of 50 cents, just paid. Star Ferries continue in request at $851.
Since our last report, business has continued very dull, and values are a little lower on "balance.
New York continues extremely apathetic, and parcels afloat are commanding poor prices.
A noticeable feature in American quotations in the rise of 20 points for nears and of 40 points for December. The advance brings that market a little more into line with London, but the difference in parity is still sufficient to prevent business with this market.
Ship-building companies hereld the Bremen's record run as the opening skirmish in an interna- tional war of ship construction that will not long allow the Bremen's exploit to go unchallenged. In ex- ceeding all repotts prior to her first trip, the German' vessel · has brought into the race five outstand- ing nations through the medium of their ship-building companies.
Super-Mauretania.
Since the war only three liners. exceeding 40,000 tons have been built-the Bremen, the Europa, her. aister ship and the French liner,
Isle de France. It is believed that the contestants in the race to over- take the German shin's time will soun have vessels of the Bremen class on the seas. The United States, France and Great Britain have drawn plans and have laid the keels for vessels calculated to estab- lith new records, England, home of the Mauretania, from whom the Bremen won the mythical blue pen- nant for trans-Atlantic speed superiority, is expected to offer the most intenso competition.
Plans of the Cunard Line call for the construction of a super- Mauretania, in which both speed luxury will be combined. The 22 year old Mauretania herself, Bri tain's chief hope at the time, is scheduled to ündergo modifications and alterations designed to increase her speed, according to cabled ad- vice from London.
The White Star Line-Britain's other entry in the competition-re- cently laid down the "keel of the 60,000 ton Oceanic A temporary halt in the construction of this vessel has been ordered, according in her design may be made that to announcements, so that changes the more confidently can enter the
rade.
The United States Lines," which recently passed from government to' private control, will add to its scr vice two super-liners expected to be faster and more sumptuous in accommodations
ahip than any heretofore planned or constructed. This information was mado public by the United States Shipping Board.
50,000 Tons Ship!
The French Line envisages a flag- ship larger than the Isle de France,
Miscellaneous. - Green Island have re- Cements "Combined" mained steady at 88.90. The new shares were taken off the market at $1.20 while the old continue in de- mard at 87.70. Hong Kong Ropes
approaching fifty thousand tons and 1,000 feet in length. The are on offer et 863. Watsona are wanted
The more substantial vise in the Italians have completed specifica- $11.90 Dairy Farms at have ruled quiet but a small en- December New York position sugtions for two new vessels for Navi- quiry exists at 819.00. Business gests that the United States realizes gazione Generale Italiana-both has been done in Hong Kong Gör. that the quantity which will be longer than the Bremen. but with crament Loan et 8 per cent. shipped from the East to the
less tonnage, about 45,000, and premium, and at this rate there are 'nited States in the near future is geared to better 28 knots an hour. further sellers. Raubs have harden-kely to be less than usual, sad. It is probable that the Italian boat ed and were placed at $9.60.
this is indicated by the fact that will be re-geared to 30 knots in or Colton Milte.-Ewos have re the consular invoices for week end-
der to make, a stranger bid for covered to a buying quotation of ing the 23rd instant are over 7,133 the Bermen's record. Tis. 174 with transactions reported tons, as compared with 9,200 tons
Completion of the new Tessels at Tls. 17.80.
around 1031 will start the greatest Shanghai Cottons for the previous week.. (Old) can be placed at Tis. 91.
attempt at record slashing the north Atlantië waters bave ever Rubbern-The following quota tions received from Shanghai to
known. According to the Captain of the Mauretania, possessor of the day show a slight rise following the improvement in the price of com-
record until the Bremen's victory, modity which has advanced to 101d.
his ship can not beat the record of the North German Lloyd liner, $10.00 buyers.
thus adding to the general belief 5.80
that the record will stand for at 1,00 "
least twelve months. 2.10
Anglo-Java Anglo-Dutih
Batu Anama
Chemors"men Consolidateds
"
4.15
+91
Kroewoeks
2.10
#
Repahs....................
1.70
Tanah Merahs.... 1.60 Tebongs
TI
3.10 " 10.00
2
$11,80
$654
318
$11.80
$6.05
805
$12.80
812.00
$607
...... 859
8204
Sandakan Lighte
86.70
Telephones.......
Tractions
Do. (pref.)
T.142
20/-
China Buses.............
Industrials
J
Canton Ices. $2 Cements (comb.)...) .75
Do
Do.
$2
$8.90
97.70
(old)... 871
$1,20
"(new)...$1
Hapes
$0.05
China Sugara.
$27
Malabon Sugars. ...
United Asbestos....
Miscellaneou
$19.90 Dairy Farme
On
Zinnigbea Exchange. The T.T. rate on Lordon to-day is 1/11 and Shanghai 827.
Settlement Forward
Daya September 24, October 28, and November 20, 1999.
$8.00
Sp
EXCHANGE RATES.
(BRITISH WIRELESS SERVICE. Į
RUGBY, August 19.
123.845 4.843
Paria
New York Brusela
34.885
26.19
12.09% 92.695 18.005
Geneva
Amsterdam
#29
Milan
Stockholm
Berlin
20.36.
$20.10
10,80 Der A. Wings...
30.50
Copenhagen Oslo Vienas s Prague
18.215.
18,205
825
Amusementa
$20+
Helsingfors
34.43 1634 1021
$1.66
Constructions ·
814
Lane Crawfords. ... $14
33.96 108.20
$18.
Mackintoshs.
278
Nanyang Tobacco...
817.
$12
471
Sinceros (old)....... 89.00
Do.
Watsons,
(new) ...} 894.10
****** $12.
Wm. Powells...
B. Ind. G.8 Honds...
T
H.K. Govt. Loan ...$107
Madrid
Lisbon
Athens
Bucharest
Bio....
Buenos Aires
Bombay
Shanghai Hong Kong.
Yokohama
Bilver (spot)
Silver (lorward)
1/5 29/32 3/4
1/11
1/11 3/32
24 5/18
24 7:16
It is difficult to say when America will find it necessary to come into this market again to buy, but it reasonable to assume that seems some interest must be shown by that market in a few weeks. We feel therefore that Rubber should be bought on any setback in values as better pricea scem assured in the future.
-Stocks: London 30,780 tons. Liverpool 4,757 tons, an increase of 128 and 210 tons, respectively.
Close London last night:-Spot and August 10fd, September lid, October-December 11d., January- December 1830 110.
Our New York correspondenta cable that there is a hortage of standard grades in that market. Manufacturers are holding aloof, but good buying power is evident in all weak markets.
July consumption in América is expected to be about 40,000 tons.
INDO-CHINA COAL.
DEMAND IMPROVED.
Improvement in the Shanghai market is reported by the import ers of Indo-Chinese coal as the end of summer approaches. The mur- ket for Japanese coal on the other hand, is still feeling the effects of unfavourable exchange. Local in terest is centered on the contract for 100,000 tons of coal required by the Shanghai Power Co., tenders for which are to be opened on September 10,
Demand for speedier traffic across the Atlantic has not been so evident since the earlier part of the nine teenth century. At that time the re- cord was held by the German liners, Kaiser Wilhelm End, and Krop Prinzessin Cecile, both of which were seized by the United States upon entry into the war, Ships of the Cunard Line, Lusitania" and Mauretania, answered the challenge and the former won the crown in 1908. In 1910, the Mauretania, in crossing from Queenstown, Ireland, to New York in four days, ten hours and forty-one minutes led The Mauretania held the title un- til the Bremen's victory. Not only did the Bremen beat the Maure tania, but she won with case in a run that is a clearcut beating over anything that has been tried be fore. Along with her time on the voyage, the Bremen made the best Atlantic waters-713 miles against day's mileage ever rolled up on
the Mauretania's 876.
Boemingly incredible speed per formances on the North Atlantic will be witnessed within the next few years. in the belief of those close to the ship building industry
EXPORTS OF TEA TO US.
HEAVIER BY 2,500,000 LBS.
There is a possibility that the price of imported coal may increase in November, but this is largely dependent upon a decline in the silver rate, it is pointed out.
· [United Prem.] Business is being done upriver by the Indo-Chinese importers, Nan. Washington.United States ten king having a good demand for imports for the fiscal year ending Hamestic coal while shipment are Juno 30 exceeded the previous year also going to Chinkiang, a central 65 2,500,000 pounds, chiefly because point for caal transactions.
of large, consumption of Japan,"
cording to official announcement.›
China green tea and Formosa colong tea increased to a marked 'degree.
Ceylon and also Dutch East I dies imports decreased alightly.
Canton oelong showed the largest rejection figures. Largely due to presence of excess extraneous mat- ter in the shipments.
forts and amenities of a home at.
Advantageously situated. One minute
TREBOVIR HOUSE.
Tube Station. The minnies-Plecadilly and Karaington Gardens, Large Banay Booms. Constant Hot Water. Bxcellen i Cuirina Highly recommended by Oficers and Families Fall Board Residence. Single Room from El-17-6. Diulie from là gần Par Wenh 1 True In, EAXLA COURT, 8.W, 6,
KURUGERİ
PAZURA
EXPRESS
LINE
BARBER WILHELMSEN LINE
Take great pleasure in announcing the inauguration of a cow and direct Service From New York and Pacific coast porta to the Far East and return, via the Panuma Canal.
The m.v. * TAI YIN" will sail from Hong Kong, on September 12th for Sun Francisco and New York arriving in San Francisco on October, 7th, and in New York on October 2ših,
Shippers are offered an all water service to New York in 42 days.
Passingers will fully appreciate the amenities of a trip to New York by water without change of ventol in record time.
A monthly service will be maintained.
For Passenger and Freight information please apply
DODWELL &
Queen's Buildings,
AGENTS.
DODWELL
CO., LTD.
Telephone C. 1030,
CO.,
LTD.
NEW YORK BERTH.-
FOR NEW YORK & BOSTON via SUEZ.
5.S."WRAY CASTLE"
Bails on/or about 2nd Sept.
LLOYD TRIESTINO.
MONTHLY
PASSENGER REGULAR
AND FREIGHT SERVICE for BRINDISI, VENICE AND TRIESTE (FIÚME). TAKING CARGO ON THROUGH BILLS OF LADING TO GENOA, ALL. ITALIAN, ADRIATIC, LEVANT, BLACK SEA AND DANUBE POETS.
PASSAGE RATES.
BRINDISI, VENICE & TRIESTE LONDON
£75.0.0.
£83.0.0.
NEXT SAILINGS.
OUTWARDS FOR SHANGHAL YOKOHAMA,
KOBE AND MOJI.
8.S. * DUCHESSA D'AOSTA” MV. - ESQUILINU "
8.8. RONANDRA" 8.5. "ROMOLO”
From Hong Kong. Bails ou/or about 3rd Sept." Bails an/or about- 12th Bept. Bails on/or about 1st Oct. Baila on/or about 19th Oct.
HOMEWARDS FOR BRINDISI, VENICE AND TRIESTE“
6.2. "PLAYE" M.V.REMO"
THE
5.S. DUCHESSÀ D'AOSTA MV. "ESQUILINO"
From Hong Kong,
Sails on/or about 8th Sept. Sails on/or about 16th Sept. Sails on/or about 6th Oct. Bails on/or about 16th Oct.
NATAL LINE OF STEAMERS
||
FROM OALOUTTA & COLOMBO TO SOUTH AFRICAN PORTS
Begalar Passenger and Cargo Service to South African Ports, Through Wills of Lading issued from Hong Kong,
For Freight or Passage on any of the above Lives, apply to
DODWELL & CO, LIMITED.
Agents.
Telephone Central 1030,
THE EAST ASIATIC CO., LTD.
COPENHAGEN.
The M.S. ASIA" loading on or about
25th SEPTEMBER
. For
PORT SAID, ANTWERP, ROTTERDAM, AMSTER-
DAM, BREMEN, HAMBURG, COPENHAGEN: " AND OTHER SCANDINAVIAN & BALTIO PORTS.
SAILING LIST.
M.S." Afrika" MS."Malaya'
BHANGHAL, ETC. 25th Sept
CONTINENT, ETC. 24th Oct. 2nd Dec.
21st Oct.
Optional Bills of Lading issued to United Kingdom Ports,
For further particulars, please apply to:-
JOHN MANNERS & CO. LTD.
Telephone C. 4071;:
MERCANTILE BANK BUILDING,
Agente,