10
Money
* RAW SILK
and Markets
Messrs. Pentreath & Co. have forwarded the following letter, dated September, 30, from Mesars Hornby, Hemelryk & Co., of Liver-u pool:-
THE HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 6, 1929.
SHANGHAI AUTUMN A RIVAL FOR THE Miss Murier D. Parodi, Mr. Victor
MEETING.
COWBOY THE CHAMPION
GRIFFIN.
YESTERDAY'S RESULTS.
THE METAL MARKETS. RUDOLF WOLFF'S REVIEW
Messrs. Rudolf Wolff & Co. send
the following review of the Yesterday, the second day of the metal market from London, dated Shanghai Jockey Club's Autuma The market has recovered the few September :-
Mcoting, sur Cowboy, owned by points lost last week and prices Markets have on the whole been" Massachussets" and ridden by are little changed from those rul- easier and prices, with the excep- Ar. Noodt win the Subscription ing a fortnight ago, with the ex-tion of Lead, have all declined as Griffin St. Leger. ception of the distant positions compared with last Friday. The Times, on the whole, were not so which are slightly lower on balance. Bank of England Rate was raised good as on the opening day and
The New York certificated stock yesterday from 5 per cent. to 8h no records weto in danger. on the September 17 totaled 1,800 per cent, but the advance, being Honours were fairly evenly divide bales (5 bale unit) and 90 bales very generally anticipated, did noted among the jockeys as follows:
have the same effect as otherwise Mr. Haimovitch wins, 2 seconds, (10 bale unit).
might have been the case, and thirds; Mr. Needa, 2 wins and a though an easier tendency was for second; Mr. Maitland wins and a time noticeable, markets were 2 thirds; Mr. Dallas 1 win, 1 second not subjected to any particular sell and 3 thirds; Mr. McCann 1 win; ing pressure, and values have in Mr. Judah i win, 1 second; Mr. places inclined to recover,
Collaco 1 win, 1 second; Mr. Noodt 1 win; Mr. Pote Hunt 3 seconds, ten-thirds; Mr. Brand 1 second, 1 third.
Tin.
Commenting on the record con- sumption figures during August, a contributor to Russell's Review, New York, points out that a great dent of Silk was bought in June at low prices for direct shipments, which is in the hands of manufac turers now, and furthermore the After opening with a firmer style for Autumn goods ran to-deasy, tin has been quiet and wards heavy fabrics, consuming a casier, and prices, declining slowly great deal more. Silk than last year. throughout the week, are £1.13.0 However, the Autumn season is lower as compared with our Inst neuring its end and preparations port. for spring goods point to a large season for light weight fabrics. It is therefore believed the high paint of consumption has been passed,
Sales in the East have amounted to 1,273 tons; shipments thence up to the 23rd inst. worn 1,971 tons, and for the month are now estimated at 6,500 tons to 7,000 tons. Premiume on Straits and and that takings by American Mills Danka Tin ate quoted at £1.10.0 will be more normal again.
and £13 (nom) respectively. De- Consumption among hosiery manu-maad on the part of consumers in facturers, continues at a steady this country and on the Continent rate, although the price reductions has been fairly well maintained, for leading lines by two of the principal manufacturers in face of an advancing raw silk market, have been rather startling and predict a period of keenest competition for the future.
Japanese crop reports continue favourable. The growth of mul- berry at the present time is ideal in all sections of the country, and many agree that the late Autumn crop will be a record both of out- put and quality as long as the present satisfactory weather condi- tiona prevail.
a
hut business with America has only assumed very moderate proportion The present uncertain position suults from the, rather indefinite out- look; the more active demand which was expected with the advant of the Autumn months is slow to materi-
lise and buyers therefore adopt cautious attirde pending mare de nite indications in this respect both in this country and on the for industrial conditions generally, Continent, stil leave much to be desired and fail to give evidence of immediate important revival. On the other hand, however, the price Our New York correspondents | is reasonably low, whilst consum- cabled on Saturday that business ers, who for some time now have in thrown and spot silks continues bought only to satisfy their immedi- quiet but steady. Raw Silk Fuite requirements must have small tures, however are dull, although stocks, and should be in a position a firm undertone is in evidence. buy substantially once sentiment York Saturday: improves and confidence is restor Close New October 95.08c. December 85.07c. ed. Moreover, the statistical posi- January 83.03.
tion should show some improvement at the end of the month, and hold ers therefore find little incentive to affect anles on an important scale at current prices.
N.Y. STOCK MARKET EASIER.
Copper.
The results which we publish by courtesy of the Hong Kong Club, were as follows:
1. The Mongolian Handicap: 1 Miles. For China pony, crosbreds (2 Class). Nationalist
(Mr. Judah) Spearmint Zorban
2
(Mr. Pote Hunt)
(Mr. Dallas) 3
Time: 2.34.4-5. Record: 230,4-5.
2-The Northern Cup: Mile. For China ponies (Y Class). :
Election Eve...(Mr. Haimovitch) 1 Fireby
(Mr. Brand) Nith (Mr. Pete Hunt)
Time: 1.31.1-5. Record: 1.7.1-5.
9
3.
3. The Racing Stakes; Nine Furlongs. For 2nd and 3rd Class (Y Class) China ponies. Michigan Buster II (Mr. Maitland) Apple Leaf.
Time: 9.5.1-5. Record: 290.
(Mr. McCann) (Mr. Brand)
4.The Flyaway Plats: Hall Mile.
3
For China ponies (Y Class) and 1920 Griffins (non-winner), King's Life (Mr. Necda) 1 Kissit...
(Mr. Judah) 2 Fleur-de-lis (Mr. Maitland) 5.-Subscription Grifin St. Leger (Classic): 1 Miles.
For 1020 Subscription Griffins. Mr. Massachussets' Cowboy
BREMEN.
A 40,000-TON LINER OF 261 KNOTS.
THE EMPRESS OF BRITAIN.
Smith, Mr. Thos. W. Wright, Mr. 0. A. Burmister, Mr W. H, Cashman, Mr. andra. R. L Tiegler, Mr. Hon Mia, Mr. and Mrs R. D. Arno, Master Paul Arnold, Mr. C. L. Chan, fr, and Mrs. W. N. T. Tam, t. Loy Wai Chaw, Mr. and Mrs. C. A Stiebel, Mr. S. T. King, Mr. Ng Tik Sang, Man, Mr. Sun Mr. Chan Yuk Fong Hin. Mrs. Chan Kung Ting, Mr. H. G. MeNenry, Mr. R. J. Crokam, Mr. S. H. Tang, Mr. Lau An immense new liner, which will Gui Lung, Mrs. Pang Shoe, Master mark the biggest advance in travel Yee Quosk Ning, Miss Yea Fook on the Canadina route since the Yung, Mr. Chan Yian Sang, Mr. days when the first steamer zuiled. M. Cluck, and Mrs, Olive W. to the Dominion from England, | Clapp, will be launched by the Canadian Pacfic next year..
TO-DAY'S WIRELESS
PROGRAMME.
The Empress of Britain, as the new ship will be called, will rank amongst the giants of the sea. She will be of 40,000 tons, is being built | BROADCAST BY ZB.W. ON for the useful speed of 28) "knots, and is conting £3.000.000.
5-Day Journey,
380 METRES.
11 to 11.30 a.m.--Commercial news, etc.
19.30 to 1.30 p.m.-Demonstration programme.
How great an advance this ship will be on anything else on the Canadian route may be gathered by the fact that she is 15,000, tons bigger than the present biggest ship going up the St. Lawrence river-lish the C.P.R. Empress of Scotland..
Her speed, which in all proba bility will he improved upon in actual working, will easily win the Blue Riband of the Canadian route. She will bring the Great Dominion nearer than it has ever been by doing the Southampton- Quebec trip in five days or less.
This will cut the present journey time by no less than a day and a half, the fastest Canadian boats the voyage. now taking six to seven days for
Bid for Speed Record.
1.48. Weather report.
5 to 6 pm-Programme of Eng records supplied by Messrs. Moutrie & Co.
Lohengrin's Narrative-in Distant
Lands" and "Meistersinger (Prize Song)," and Richard Crooks, Tenor.
Through All the Days to be "mad “Just & Cottage Small,” Joha McCormack, Tenor.
"Prelude in C Minor" and "Large
Handel, "Archer Gibson, Organ. "Morning" and "On the Road to
Mandalay," Associated
A ship designed for 281 knots may very well do much better. It is not outside the bounds of possi bility that the Empress of Britain" may find herself making bids for the world's speed record. She will, from the point of view of size, be bracketed with the Aquitania and the Bremen, and just behind the Olympic, ranking amongst the first five or six largest steamers.
There will be full size tennis courts and squash courts in the ship as well as swimming bath, but although abo is more than twice their size the Empress of Britain will carry fewer passengers than the 20,000-ton C.P.R. liners on that
route. 3
(Mr. Noodt) 1 Saracen (Mr. Collazo) 2 Wiki Wiki...(Mr. Haimovitch) 3
Time: 3.58.3-5.
Record: 341.2-5.
Time: 3.13.1-5 Record: 3.07.1-5...
1
Copper has been irregular bat [REUTER'S AMERICAN SERVICE]
on the whole easier, the price show. NEW YORK, Nov. 5. ing a decline of about 7/8d. as After the most turbulent fort compared with our last report.
6.-Shanghai Stakes: 1 Miles." night in its history, the stock Business with consumers is still
For China ponies.(Y Class). inarket returned to something like very quiet, but the heavy sales its normal condition. The market which were effected a short while Cloverland......... Mr. Dallas) opened one to ten points lower back, placed producers in a comQuiet Eve.......(Mr. Haimovitch) with a huge volume of trading, they are content to await the course
fortable position, and seemingly Young Bill......(Mr. Pote Hunt) a greatly to the surprise of Wall of events Confidence has been a Street, which anticipated a rise little shaken by the strained mone in prices.
fary position and the rise in the Orders were in blocks of 10 to Bank Rate, but the present com. 50,000, shares, selling, at the open-paratively low price of Standard ing much stronger than buying, to would seem to at least prelude the the dismay of bulls The character possibility of further decline. and of the trading pointed to buying were sentiment to improve there by a number of smali operators and shotild result rome consequent ad selling by big, men who are taking vance in prices. profits,
A bearish statement by the Secre. tary of Commerce may have affect ed the decline. "Mr. Iamont said that business conditions were sound. and no fundamental change could be expected, but the break in the market would probably have some effect on business, at least psycho- logically, especially as lucary
10,000,000 a week ago,
It has been decided that the. Ex- change shall be opened for busi-
7. The China Cup: Seven Furlongs,
For Y Class China ponies and 10 Sub-Griffins.
Banquet Ere...(Mr. Haimovitch) Le Corsaire.....(Mr. Pote Hunt) Good Now(Mr. McCann)
Time: 1.42S.`
Record: 1.15.2-3.-
"
8. The Siccawel Plats: 13 Miles. For all China ponies (Y Class),
3
Hess only between the hours of tea Pat Mr. Collaco) 1 in the morning and one o'clock in Chilly_Eve......(Mr. Haimovitch) :
afternoon
Wednesday, New Zealand.. Thursday and Friday.
the
оп
On Saturday, the Exchange will be closed entirely.
trades sales totalled over 6.000.000 shares, as compared with over
[Daily Share Quotations will (Continued on next Column). found on page 11 of this issue.]
CARNIVAL
REPULSE BAY HOTEL SATURDAY, 9th NOVEMBER
From 880 P.M. To 12 Midnight. $4 Per Head including Dinner,
ARMISTICE DAY
SPECIAL TIFFIN
Repulse Bay Hotel Orchestra in attendance
From 1 P.M. to 230 P.M.
USUAL DINNER DANSANT
From 8.30 PM. to 12 Midnight.
THE HONGKONG & SHANGHAI HOTELS, LTD.
(Mr. Dallas) 1
Time: 2.38. Record: 231,2-5:
9.-The Loongwa Cup: 2 Milo. For 3rd and 4th Class (Y Chass) be China ponies.
David Garrich......(Mr. McCann) 1 Comradeship...(Mr. Dallas) 2 Merry, Dancer......(Mr. Maitland). 3
Time: 1.31.3-5.
Record: 1.29.1-5.
10.-The Sungkiang Cup: 11 Milos.
For 3rd and 4th Class (Y Class)
China ponies. Glenlockay
She will accommodate only 1,100 passengers, but they will have every luxury, and every room will be an outside one.
The importance of the Empress of Britain, however, is not to be A measured in knots and tons. magnificent and speedy vessel of this sort will play a great part in bringing the hearts, the sentiments and the commerical relations of Britain and Canada utarer.
Quick Service to U.S., Too. Canada, whose ports have never welcomed such a giant, is going to be as proud of the Empress as England
The service she will provide will mean a quicker route to Europe for many United States towns, includ ing Chicago. St. Paul and Minnca- polia, and it is expected that the Empress of Britain will carry thousands of United States citizens, who will travel through Canada to Quebec in order to get the shortest sea voyage from America to Eng land.
The C.P.R, liner Montroyal was formerly called the Empress of Britain. but was re-named' when ahe joined the company's fleet of cabin class steamers..
The CPR already hold the Blue Riland of the Pacific from Van- couver to the Orient with their liner Empres of Canada.
HONG KONG LADIES'
HOCKEY CLUB.
the Navy ground at Happy Valer There will be a practice match on
on Saturday, at a p.m.
All members are requested to
(Mr. Needa), 1 Tabby Cat Mr. Pote Hunt) Zizi
(Mr. Haimovitch) 3 attend. 11.-Padega Handicap: One Mile."
For China ponies (Y Class) and 1920 Grifing. Bill Barrow........(Mr. Maitland). 1 Glengyle... (Mr. Needa) 2 (Mr. Dallas) 3
Kissit
Time: 2.051-5. Record: 2.01,
LOCAL FOOTBALL. The following game in the Hong Kong League is down for decision to-day::-
Division II
PASSENGERS.
Departures..
The following passengers loft here yesterday by the Dollar liner President Pierce for Ban From cisco and porta:-Min Helen F.
Mrs T. J. Cokely, Miss Armstrong, Alice B. Davis, Miss Madge Ask- ley, Miss Maimie Ashley, Mr. and Mrs. J. J. Dorovan, Mr. John K. Gold Mrs. M. B, Blair, Mr. E. C. Chitwood, Max M. O. Forster, Master Francis Forster, Mrs. E. (Kid of ar 245 p.m.)
J Head, Mr. Hamikon JohnsOI, K.O.8.B. Res. v. SLI. Res., Soo- Mr G. M. Loss, Mr. and Mrs. A. kumpoo ground. Referee: PW. McCallum, Mr. K. H. Robit- O. Mellow
son, Mr. S. M. Kirkman, Mr. E Lu, Mr. Y Cong Mr. C Mr. B. 4. Soong, Mr. H. Y. Y. Young, Mr. C. Babam Mr. and Mrs. Vicente L Mr. V. Lock, Mr. and Mrs, D. W. Smith, Mr. and Mr Wong Man Tat, Mr. Lee Kee. Lai, Mrs. Lo, Mrs. E. A. Prochnt, Mr. K. M. Chang, Mr. Ho Ngook, Mr. Yes Fook Bin, Mrs. Woo Shee, Miss Yes Fook Oi, Mr. Chan Fai, Mr. Chan Yeu Kan, Miss Alita Davis, Miss Ruth B. Mentzer, Mira H E. Theiss, Lit. T. D. White,
U.S.A Mrs. T. D. White, Mr. W. W Harris, Jr., Dr. Myrtle Noel, Mr. Keith Koons, Mr. O.. McClellan,
CLUB DE RECREIO.
ATHLETIC MEETING ON SUNDAY,
The Club de Recreio is holding on Sunday its second annual athlo. tic meeting.
Among the events is a relay race open to the Colony. It is for team of four-two to jan 220 yards and two to run 440 yards.
The Club Secretaries are invited to and entries by Friday. En trance fee. 8%
Clubs.
Glee
"The Utah Trail" and "Wednes
day Night Waltz," Bad and Joe Billing
Tosca (Strange Harmony)" and Maiden so Fair," Beniamine Gigli, Tenor.
Carmen (Near the Walls of Seville" and Carmen (LoOTO is Like a Wood Bird," Mar guerite D'Alvarez,
"You're as Welcome as the Flowera ir May" and "When the Har- vest Moon is Shining,', Bud and Joe Billings.
6 to 7 p.m.--Chinese programme, 7.48 ..-Evening weather re port.
9 p.m.-General programme open- ing with a lecture by Dr Alexander "Dreams and Cannon. M.D., on Their Interpretation. Followed by & programme of English records
"The Emerald Isle," Selection, supplied by Messrs. Mautrie & Co.
Sullivan German. "Bye and Bye, Sweetheart" and
Raquel, The Melody Three and The Revelers,
Going to Europe or America?
Five Reasons for President Liner Preference
California fruits, vegriables and dairy products are, served every meal throughout the voyage,
17
Every stateroom is on wi'outside deck and is equipped with running hot and cold fresh water, thermos bottles 2 and reading lamps. Twlabeds of the finest manufacture are standard equipment in every stateroom on the Presi dear Liners.
3
There is a swimming bath aboard every President Liner, It is refilled daily.......... And is always available for use. A College orchestra, versatile in itä musieni accomplish ments plays for luncheon, tea-lancing, dinner and for evening parties.
See Egypt at no additional cost, and without loss of time. Many passengers avail themselves of the opportunity of seeing Egypt hy leaving their President Liner at Suez, going by motor to Cairo and rejoining ship at Alexan- dria three days later.
On your next trip to Earope or America
travel on the President" Liners. ̧*
For Bookings, Passenger and Freight Information, apply to 14. Pedder Strect, (opposite Kangkong Hotel) Telephones Cratai 2877, 2-470 and 795
Cable Address: " DOLLAR”
CANTON BRANCH: Na. 4 Sbakre Street
AMERICAN MAIL LINE
AND
DOLLAR STEAMSHIP LINE
"The Prophet Bird" and "By the Brookside., Paderewski, Piano Solo.
"
The Laughing Ja Band" and "Popular Jocular Dr. Brown," Charles Penrose.
**La
Victor
Boheme-Fantasia," Symphony, Orchestra. "One Little Dream of Love"` and Rose in the Bud,' Rease Chemet, Violin Solo.
I'm Blaso" and "Prophecies,” Norman Lung, Humurous with Piano,
War March of the Priests" and "Coronation March," Syra- phony Orchestra of New York. "I Want to be Bad" and "Button your Overcoat," Helen.
ק!
Kane.
"Reminiscences of Scotland," H.M.
Royal Air Force Band. 10.30 p.m.-Close Down.
JEFFERSON CANYON
cherished in the United States for its historical connection as well as for its beauty. More than a century ago, Thomas Jefferson, then President of the United States,.commissioned Meriwether Lewis and William Clark to explore the vast territory which was afterward ceded to the United States by Napoleon. Through this canyon they passed on their laborious trek to the Pacific. Acting as guide, one lone woman, Saca- jawea, the Indian, with her husband, accompanied the party.
The
NEW OLYMPIAN
famous electric and roller-bearing train, now carries many men and Women in comfort through this canyon, every convenience at their com mand-lounge rooms, shower baths, radio, library, buffet, berths made- easy by coil spring mattresses, electric lights, steam heat, super-ventila- tion, valet, maid, and meals by Rector.
61 Hours SEATTLE to CHICAGO
CHICAGO MILWAUKEE
ST. PAUL
AND
PACIFIC
For further information consit American Express Travel Bureau, Thos. Cook & Son,
*yone nearest steamibip agent, or
E. CARSON Goa'l Agent Pass, Dept. Seattle
PT. 7. DABL.. "Asst. Gen. Para. Apunt
P. CHAPMAN, JE,
G'I dont Victoris. B. 0.
TY. RANDALL' Dist. Fam. Agent Ben Francisc
Cable Address: "Milwaukee"
longest electrified railroad in
F. 7. CALKINS
· Gan"! Agustí Vancouver, BC, W. B. DEION Genfi Pan Agent Chicago
America