10
Money and Markets.
CANTON BUSINESS. CANTON TRADE
GENERAL REVIVAL.
The outlook for local trade in
NOTES.
THE HONG KONG DAILY PRESS, SATURDAY, SEPTEMBER 21, 1929.
HONG KONG SHARES.
BENJAMIN & POTTS' WEEKLY REPORT.
Business during the period under review has been on a fairly gener ous scale and higher rates in Several instances have again been catablished. There seems to be a feeling of confidence and money is forthcoming for "invest- went in the local market, so the appreciation in values is likely to
moro
Since the autumn season wet in Canton seems quite promising, the silk market has been very no-be maintained.
In the north there has been re judging from the brief report for tive, and the quantity of silk ex- the last four months published in ported has greatly increased. There newed firmarsss in Cotton shares, but the market appears to have the Carign Gazette, from which we has been a brisk demand for Chi-had a slight set-tuck towards the take the following extracts:-
hese silk in New York and Lyons, close.
Banks-Sales of Hong Kong and Banks Business was much neg-whence many orders have been re-
Shanghai Banke were made at lected during the first quarter of seived by local merchants. It is 3 at the outset, but with a de the year, due chiefly to hostilities expected that business for the latterline u Exchange, rates are now The London between the Kwangtung and Kwang-half of this year will be unusually sacted at $1,243.
quotation has advanced to £131 (Middle). si provinces. However, things have satisfactory. brightened up since the trouble and
revival of trade is now reported by prices of wolfram ore have dropped
all the banks.
Pawn-shops. Just the reverse as
compared with banking; businesses are reported to be doing rather badly now as compared with, the time when the troubles were, on
Confectioners-With the elimina tion, of various old customs which
Marices and Fire Insurances- Owing to abundant supplies, There has been an improved de- and, for Unions and they have further strengthened to 8315 buyers. Hong Kong Fires are enquired for at the improved quotation of $735 and Cantons at 8637, sales having been made at $760, and $840 respec- tively.
by about ten dollars, the current quotation being about 845 per picul.
The cotton yarn market remains inactive, the demand from country merchants being exceedingly limit ed. Prices have fallen by three to
"
Shipping-Hong Kong, Canton and Macao. Steamboats are in de mand at 325) after transactions at this figure. Deferred Indos at $70,
TO-DAY'S WIRELESS
PROGRAMME.
BROADCAST BE, Z.P.W, ON 350 METRES,
1:48 p.m.-Weather report. 5.30 to 8.0 p.m.-Programme of Chinese music. (Bekra recards sup plied The Caaton Trading Associa- tion, Ltd.).
7.49. p.m.-Evening weather re port.
p.m.Evening Programme. Victor and H.M.V records sup- plied by Messrs. S. Moutric & Co. Ltd.).
* Hit The Deck" (Yoamana), Selection, Savoy Orpheans. Danco music.
+
8.45 p.12.
Tosca Potpourri " (Puccini), Marek Weber and His Orch. Dance music
8.30 p.m.-
The New Moon" Gems from
Gems from (Romberg) and
Whoopee" (Kahn-Donaldeon), Victor Light Opera Company. Dance music. 10.10 p.m.- "Russian Bazaar." Medley Waltz, and Russian Inn," Medley Waltz, Kirilloff's Balalaika Or chestra,
10,30 p.m.-Close down,
SUNDAY.
"ST. JOSEPH'S CHURCH" TO BE RELAYED.
The following programme will be broadcast on Sunday from the Government Broadcasting Station Z.B.W. an 330 metres:-
1,48 p.m.-Weather report.
pa-Evening Service relayed from St. Joseph's Church, Garden Road. "Adagio and Allegro Moderate" from Handel's "1st Sonata
Cello and Organ, Man Aone with His Conscience," Sermon by Father. G. Byrne,
5.J.
Donediction of the Blessed
Sacrament.
7.49 p.m.-Evening weather re
port,
programme. 2 pan. Erening (Columbia records supplied by Messrs. Andereou Music Co., Ltd.).
10.30 p.m.-Close down.
Woman at Willesden: He boasts that he is on the dole, but it is only swank.
Reveller at Willesden: I absolute- (ly refuse to pay 7a. 6d. for a single
drunk; it is exorbitant.
Tottenham magistrate: All women are bad tempered.
have a great bearing of the trade, four dollars, and a farther drop is Preferred Indos at 848 and Water DAILY SHARE QUOTATIONS.
dulness has been reported by all the confectioners, and shops deal ing in this line.
1)
likely. According to a Shanghai telegram, the market there was also dull during the past few days, and quotations dropped by one to two dollars.
Stationers and Book-stories. Brisk trade is reported by all the shops, due to the unusually large number of students coming from The present (sixth) crop of silk the interior districts for education in. Namhoi and Shuntak districts in the various local colleges and is promising, owing to the very favourable weather conditions, and only
small quantity of cocoons were damaged. As the silk market is active, the prices of cocoons have been rather higher, being about 810 for 10,000,
schools:
Foreign Piece-goods. Owing to cheapnesa in price, Chinese-made cloths now find great demand and hence replace those manufactured in foreign countries.
Hat-Manufacturers.-Much busi- news has been reported by abopa dealing in this line. Chinese straw hats sell better than foreign-made hate.
Knitting Factories-On. account of cheapness in price, Chinese kait ted towela, socks and cloth are now in great demand.
# very
Coconuts and betel nuts form the principal products of Hainar Island, the
export being worth over $5,000,000 every year. Both nuts are exceedingly abundant this year, but the demand having fallen prices have dropped.
I
Silk-Goods-Owing to the high "The price of cane molasses has cost of living prevailing in this pro- gone up, as supplies from Java and vince, and the economic depression Surabaya are short. Current quo- suffered by all classes of people,tations vary from Tls. 2.30 to Tle trade has decreased.
8.50 per picul. Building Enterprises. Many houses are now under construction; the rebuilding of,, those which were burnt down two years ago by the Communists is also being contem- plated. It is expected that the building trade will have a very busy time from now on.
DODWELL
The price of beef in Wuchow has risen to $1.20 a catty, as compared with about fifty cents at normal The unprecedented rise is times. due to the heavy taxes collected by tax-farmers.
"
į
bata at 87 are on offer at quota-
tions.
Docks, Wharves and Godowns.→ Hong Kong and Kowloon Wharves were dealt in up to 8133) but have since advanced to 8135 buyers. Whampoa Docks are enquired for at $32. China Providents have buyers at 843. Shanghai Docks have made further headway and are in request at Tls. 143. Engineerings are sought for at the improved quotation of Tls, 81.
New
Lands, Hotel and Buildings- Bong Kong Lands are again higher and deals were up to 862 and further enquiries at the close at 8811. Hong Kong and Shanghai Hotels Iell away in the beginning of the week to 39.13 but ended firmer with buyers at 89.40 and large sales were made up to $91. Humphreys Estates are wanted t 97.80, Shanghai Lands were bid 814.10. Realtys were booked at
up to Tls. 100.
Public Utilities-A fair amount of business was done in Hong Kong Electrics at 8811/20211. Chida Lights have had a smart recovery and the old shares were negotiate up to $13, but there are selbrs nt the close at 819.15. Hong Kong Trams are in request at 813.10. Star Ferries. were realised again at 507 and more are wanted.
HONG KONG STOCK EXCHANGE.
Dayers Bellare Sala Novunat!
1,2371
£197
$832
::::::
SHAREBROKERS' ".
ASSOCIATION.
JAVA CHINA-JAPAN-
J.CJ.L
York Building "|___Nongkong."
LIJN.
Tel.. Address; JAVALYN
Tet. Central)
REGULAR PASSENGER & GARGO SERVICE BETWEEN HONG KONG, AMOY, SHANGHAI, MANILA AND THE DUTCH EAST INDIES.
SOUTH BOUND.
1t
STEAKERS
FROM
EXPECTED ON OR ABOUT
WILL LEAVE ON
Fot
24th Sept, MANILA, M'zsar.
Noon
& SOZNABATA
25th Sept., BATAYLA.
Noon
8th Oot, (MANILA, M’Eban,
BOBBASAIA BATATIA
TJISAROEAS KLUNG. 22nd Sept.
& ANOT TJISONDARI S'AL & Axor s6th Sept. TJILEBOET 4. S'HAI., K'LUNG. 6th Oct.
& AKOT TJIKEMBANG S'HAI. & AMOT 7th Oct.
Nocu 9th Oct Noon
NORTH BOUND.
EXPECTED
STEAKERS
Frox
ON OR ABOUT
WILL LEAVE ON
FOR
·ON ABOUT
FRIDAY.
SEPT. 20.
Buyers Seiloes
Noming"
Banks
TJIKEMBANG BATATIA 26th Sept 27th Sept. Axor & S'WAL TJILEBOET Java,MaKawan 27th Sept. 30th Sept. Azor
TJIKARANG BATAVIA 5th Oct. 7th Oct. (Amor.& S'EAI.
L
$1,240
£10
£34
£14
400
H.K. Banks
Do. (London)...] Chartered Banks Mercantile Bks, “A'.
$1,235/40
£131
£391
£15
Doi
890
Bank of East Asia..
Insurances
፲g : ፲፮ :
82
T160
$344
8310
$755
:::
$25
$46
$70
122
83.35
Oile and Mining-Lankats Combined) have appreciated to Tls. 151 buyers. Benguets continue in demand at $3.35. Tronohs can be placed at 21/. Other stocks in this section are quoted nominal.
Miscellaneous, - Green Cements (Combined) have fluctunt 1.30, ed between 9,33 and 39,48. Hong Kong Ropes are asked for at 87.33.
Island
& CO., LTD. Telephones changed hands at $7.10
NEW YORK BERTH.
FOR NEW YORK & BOSTON via SUEZ,
LLOYD TRIESTINO.
REGULAR MONTHLY PASSENGER, AND FREIGHT SERVICE for BRINDISI, VENICE AND TRIESTE (PIUME). TAKING CARGO ON THROUGH BILLS OF LADING TO GENOA, ALL ITALIAN, ADRIATIC, LEVANT, BLACK SEA AND DANUBE PORTS.
PASSAGE KATES. BRINDISI, VENICE & TRIESTE LONDON
***
IM
NEXT SAILINGS.
***
£75.0.0. £83.0.0.
OUTWARDS FOR SHANGHAI, YOKOHAMA, "
8.8. "ROSANDRA"
MY." ROMOLO"
BA,
VENEZIA
8.8. "TIMAVO"
KOBE AND MOJI. ·
22
From Hong Kong. ...Sail on/or about 1st Oct. Bails onfor about 29th Oct. Bails on/or about 7th Nov." Bails on/or about 28th Nov.
HOMEWARDS FOR BRINDISI, VENICE AND TRIESTE.
9.8. "DUCHESSA D'AOSTA
M.V. ESQUILINO"
88. "BOSANDRA
M.V. "ROMOLO ”..... · ·
From Hong Kong. Sails oz/or about 6th Oct, Sails on/or about 15th Oct. Sails onjor about 2nd Nør. Bails on/or about 30th Nov.
and continue in request.
Canton
21/.
lees can be placed at 821. · Heng Kong Amusements are on offer at 225. Watsons are wanted &t 8133 $11.90.
Imbir
$139
T.145
Cotton Mills.-Ewon, which were in demand at the outset at Tle. 19) were negotiated extensively up to T.E Tis. 23), but closed distinctly easier with sellers at Tls, 914. Shanghai Cottons advanced sharply to Tls. 104 and Tis. 76 for the Old and New shares respectively while Zoong Sings also closed appreciably higher at Tls. 124,
Exchange.The T.T. rate on London to-day is 1/10), and on Shanghai 85.
Forward Settlement Days.-24th September, 29th October, and 28th November, 1929.
$21.80 T.104
!!!
850
Canton Ina.
Underwriters ....$2.10
North China ......................
Union Insya
Yang taze Ins......
China Fires
H.K. Firesto
$630
T160
8345
$60
8310
$750
Shipping
$25 828
Steamboats
Do. (def.).
Water-boats
*-*
***
800 100/
821
$77 Douglases
Indos (pret)
100/- Shell Transports ...
T.9
Mining
Benqueta..
Langkats (comb.)
Do. (single)...
Explorations.......
T.41 Shanghai Loans
Raubs
Troneh Mines
Docka, WharvER,
Godowns, etc. 1: ·
HK. & K. Wharf... $139 Providenta
84 80 $4.70,
$32 HK Docks..... 332) Shanghai Docks T161 New Engineerings T8.30 T181 Hongkewa
JAVA.
THE TROPICAL GARDEN OF EDEN.
Follow this flag on the comfortable steamers of the JAVA-CHINA-JAPAN LIJN to JAVA.
Gorgeous motoring along hundreds of miles of Asphalt roads.
Famous Botanical Gardens of BUITENZORG, Smouldering Volcanoes.
Ancient Hindu Burubadur and Mendut Temples. -Native Art and Art Craft.-Numerous cool Mountain resorts 3,000-6,300 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. York Building.
€2/6
Kailans
T.15
Cotton Mills
1.76
Ewos
592
892
12/-
$99
T.131
30.35/40
89.35
189.35/45
3611 3848811
$7.80
T.160
$61 6312 $811
H.K. Beaitys....................]
$7.80
$14.10
CANTON RAW SİLK MARKET.
108
Chinese Estates
REPORT WEEK ENDING SEPTEMBER 17.
As regards the American business, the past week has been quiet on our market, buyers were not willing to pay the high prices naked by the holders. At the time of writing, the decline in exchange appears to have brought forward some more buyers.
18
818.10 $18.35 $18.10]
$8.05
$67
JAP
$1205 $13) 8124
$89 $23
$62/15
$7 ex div. 2.16
20/-
A fair turnover was done with Lyons, there is a good demand for high grade silk, and due to scarcity of these grades, prices have ad- $21 vanced a good "deal,
We close with a very steady $7.70 market.
Quotations at the close are:—— $1,010 for 14/18 N.8, Crack Chops, 8020 for 20/22 N.S. Ex Ex A, 81,010.
-NATAL LINE OF STEAMERS for 13/15 0.8. Best L
FROM CALCUTTA & COLOMBO TO
SOUTH AFRICAN PORTS
B.B. "UMZUMBI
14
Baile from Calautta 3rd Nov. Rogalar Fassenger and Cargo Service to South African Ports. Through Bills of Lading issued from Hong Kong.
For Freight or Paige on any of the above Lines, apply to
DODWELL & CO, LIMITED
Agente.
phone: Central 1050):
BERKELEY HOTEL, 83-87, QUEENSBOROUGH TERRACE,
A HYDE PARK, LONDON, W.2. Two minutes Eonsington Gardens,
·Buses and Tubos..
HOT AND COLD BUNNING WATER. GAB FIRES ALL BED ROOMS. PASSENGER LIFT.
Noted for healthy position, quiet, clean. liness, excellent food and attendance. Terms from 8 gas, per week, including four mesis, baths, light and attendance; from 10/8 daily.. NO EXTRAR.
Tarifs from DAILY PRESS office.
Do.
-
$801
$1275
$62
$13.10
S'hai. Ctons (old)... T.106)
Do.
(now)... T.74
T.18 Zoong Sings
Lands, Hotels and
Buildings
HK. & S. Hotels... $9.30 HK. Lands
Shanghai Lands ....
Humphreys
*********|| $14.90) 814,30)
Public Utilities
Tramways ..... 318.10) $18 201 18.10
811.80 Peak Trams (old)... 3111
Do. (new)... 861) Star Ferries
C. Lights (old)...... 812.10
(now)....
HK
Electrics
Macao do.. Sandakan Lights .......
$62 82/15
Telephones.............$6.90 ar div. China Busca aparıc Tractions
............
Da. (pret).Dios;
Industrials
Canton Ices..... 891 Cements (comb.)... 89.35.
Do.
(old) $7.75
Do. (new) 81.50
Malabon Bugara
United Asbestos...
Miscellaneou
$19.90 Dairy Farms $19.60 40.80 Der A. Wing......
Amusements ........
Nanyang Tobacco... $4.
Sinceres (old)...810
#9,35 80 89.40/45
1.
$7.36
Ropes
$0.95
China Bugars
$27
$5
Kum
***
***
$7.255
TUNIN
TETRIST
80.50
EXPRESS
18APSER
LOE
PARAMA
Telephone C. 1574.
1575. 1555.
BARBER WILHELMSEN
LINE.
THE PREMIER ALL WATER ROUTE TO NEW YORK and other U.S. Atlantic Porta vis Facama.
All vessels call at SAN FRANCISCO and LOS ANGELES
eu route.
▌5 _
Passengers desiring to travel by this interesting route will find the accommodation provided well up to their expectations, and at a cost most reasonable..
42 Days To New York
For Passenger and. Freight information please apply ----
DODWELL & CO., LTD.
.8254
$1.40
Constructions.
914
Lane Crawfords
$18
Mackintosha
$12
Do.
811.00
Wm. Powells.
(now) $ Watsons are
3111
04% H. Ind. G.8 Bonds,...
8+%4 premi
Queen's Buildings.
T.11 T.10
HK. Govt. Loan $107 Caldbeck, (ord.)
Macgregor (pref.)
Telephone C. 1030.