10
Money and Markets
CANADIAN SUGAR
9
INDUSTRY.
CONSUMPTION SHARPLY
HIGHER.
RUBBER.
A VERY UNSETTLED TONE."
Messi. Pentreath &Co. have forwarded us the following letter, dated October 2, from Messrs. BUT EXPORT SALES DOWN. Hornby, Hemelryk & Ce, Liver-
pool:-
{"1 D.P." Special Service.)
THE HONG KONG DAILY PRESS, FRIDAY, NOVEMBER 15, 1929.
A very unsettled tone has been in evidence almicet throughout the past week, amounting, at times, to distinet wenkness. This has been Ottawa, " Onb.—Canada's produe-principally due to liquidation for tion of refined beetroot sugar was account of a firm who are in diff arme 3,700,000 pounds greater inculties, and the absence of trade 1528 than in 1927, but the total of 64,433,318 pounds représented only 7 per cent of the entire output of refined sugar, produced by Cana- dian sugar refineries during the year, according to data on the sugar industry published by the Dominion Bureau of Statistica
|
demand bas necontaated this liquidation, buyers being reluctans to take over near positions,
Prices at the close Inst night
almost shewed
id. decline for ear positions on the week. Spot 0.12/10d.. Cet./Dec. 9.15/16d.. Jan./March 1014... April/June. 10,9/16d., Jan./Dec. 1930 10.12/700. All positions for 1931, 114,
+3
The rise in the Bank Rate bas altc
The remaining 93 per cent or 83,953,836 pounds was the product helped to bring about the present
position, but there is a slightly bet from sugar cane. Canada import-ter tong in evidence at the moment, ed; during the year 809,140,200 particularly as the New York Mar agunda of Taw sugar valued at extent as the London Market and ket has not declined to the eme $27.081,850. With refized sugar, is inclined to be a buyer. It would enolasses, and other syrups, the total appear that the price is now betom. imports of such commodities were manufacturer, and we should rot ing attractive to the American valued at 893,394, 180.
be surprised to hear of orders in the market for shipment from Londen and from here.
A summary of imports fur con- sumption shows that the British West Indies supplied sugar and molasses to the value of $12,171,432 cad other British
Possessions $13,181,727, Cuba is credited with €2,794,425, United States, 81,137,800 and San Domingo, 81,129,633.
nervousness
HONG KONG VOLUNTEER
DEFENCE CORPS.
[ORDERS. BY LT.-COL. L. G. BIRD, D.S.O., O.BE, COMMANDANT.]
No. 46/29.
1-Amqual Campi,“ All ranks are reminded that the annual training camps will take place this year at Farling during the following week-ends:-
Friday pm, Nov. 16, till Sunday
p.m., Nov., 17. Friday p.m., Nov. 2, till Sunday
p.m., Nov. 24, Friday p.m., Nov, 20, til Sunday
p.in. Dec. 1.
Friday, p.m., Dec. 6, till Sunday
p.m., Dec. 8.
Camp orders issued by post to all ranks of the Corps except those of the Battery and Engineer Com- pany. Any one not in receipt of these orders will report to the Ad- jutant immediately...
The week-ends during which units have expressed their "intention of concentrating, are:--
lat week-end: . . Troop, Band,
Co. Portuguese
Armoured Car Ca 2nd week-end: M.G., Co., Scottish.
Co., Band, Portuguese Co. 3rd week-end: M.G. Co., A.C.
Co.
4th week-end: M.G. Troop, Corps
Signals, Scottish Co.
RAILWAY TIMK TABLE From Kowloon to Fanling:-
6.40 p.m.-Friday and Saturday
eveninga.
7.30 p.m.-Friday and Saturday
eveninga. 6.40a.m.-Saturday and Sunday
morning.
From Fanting to Kowloon,
8.54 p.m.-Sunday evening. 8.05 a.m.-Monday morning.
BAGGAGE.
9.-Machine Gun Company,
The Company will parade in mufti at 30 p.m. on Tuesday, November 19, for Section Drill under Platoon arrangements.
It is quite possible that, given a continuation of the which was apparent as the close of the marke: yesterday, prices might ang still lower, but we are of the
Those wishing to have their bag- opinion that all the bearish factors age sent to the camp at Fanling have seemingly been discounted and must deliver it, clearly labeled with tive for next year's deliveries. that preacat prices must be attrac-nwners' names at Corps Headquar
ters by p.m. on Fridays, November 15, 92, and 0 and December 6, 1920.
The Battery will attend the RA.. Practice Camp at Tai Lan during the week-ends December 14-15 and
cons.
Stocks: London 45,0 Liverpool 10.181 tons; an increase ef 1,020 and i tons respectively.
Our New York correspondents bewing interest in cabled
manufacturers art the market, which looks somewhat oversold: large short interests are absorbing cfferings.
that
GREAT NEW FIND.
Of the individual countries sup- piring row sugar for the Canadian refinery industry, the Fiji Islands and British Guiana were the most"| important contributors, the former with 170,381,500 pounds valued at $3,937,370 and the latter, 167.410,000 pounds worth 83,539,333. The Bar- indoes supplied 118,214,000 pounds worth $3,874,91; Jamaica, 79,711,400 pounds worth 89,799,587; Trinidad and Tobago, 19,334,900 políads worth 8,434,193 and other British West OIL RICHES IN PORTUGAL. Indine, 40,009,500 pounds worth 87,432,359. Cuba also supplied 114,390,200 pounds. valued at 82,700,199 and. San Domingo, 40,073,000 pounds worth 81,150,653. Pera, Australia, Hayti, United Extensive petroleum wells have States and other countries supplied been discovered near Leira, in cen-
mall amounts of raw sugar.
iral Portugal, and, according to Other importa included sagar the discoverer, a Portuguese civil grading above No. 10 D.S. and engineer, Manuel Costa Pacheco, refined sugar of whatever grade or they are the richest in Europe, The standard amounting to 40,034,100 Ministry of Commerce have con- pounds valued at $1,728,350, with "firmed the engineer's, statements Cuba supplying 30,037,100 pounds and State aid has been promised to of the total worth $1,967,361. There exploit the ground. was also imported in bond by sugar refiners for refining purposes only, sugar above No. 6 D.S. amounts "ing" to
10,212,100 pounds worth $1,583,100. These imports were from Australia, 8718,457 Briti Enst Africa $590,835.- and British Guiana, $175,814.
The Canadian sugar refineries produced 785,107,210
pounds of granulated sugar, from cane, €4,633,348 pounds from beets and 07,706,317 pounds of soft sugars of enne origin, a total of 927,010,684 pounds valued at .831,302,397. The quantity and value represented a considerable decrease frem 1927 when 979,133,132 pounds were made worth 839,718,424. The statistics show A steady decrease in each rear since 1945 when production 1,171,490,090 pounds worth
ክ..$
$(0,083,489.
Downward Trend. In 1923 exports of sugar were nearly four times as great as in 1924 with 305,373,500 pounds worth $10,117,327. A steady decline in tigar exports from Canada is shown since 1995, with the quan- tity in 1998 amounting to 48,150,300 pounds worth $9,444,024.
This exportation of refined sugar. from Canadian refineries was slight ly greater than similar importa for consumption which amounted to 40,034,100 pounds worth $1,728,530.
The oil grounds, said to be the largest petroliferous basin in all Europe, are at Alba da Senhora Victorin, four and a half miles from the village of Saint Pedro de luck in the great pine forest near Leira which belongs to the State.
Though the production of sugar from Canadian sugar refineries dows a downward trend due to the lessened exports, the consumption in Canada was sharply up in 1922 at 925,510,694 pounds compared with 818,203,332 pounds in 1927, an increase of more than 107,000,000 pounds. This works out at an ap- parent consumption of nearly 96 pounds per capita in 1998, the high- est in the past five years and nearly 10 pounds per capita ahave 1927. The total value was however lower at 880,588,523 or 88.24 per capita, compared with 252,379,534 and 35.50 per capita 1927.
After soundings and excavations necessary to confirm his discovery, the engineer registered a claim at the office which is attached to the Ministry of Commerce for that' purpose, then he informed the Director General of Commerce and Industry at the Ministry of Com- merce and asked him to have the ground examined.
The number of sugar refnerics in operation in Canada in 1928 re mained unchanged at a Capital invested showed a moderate decline from $50,039,122 to 648,825,518, while the value of raw material, used was tharply lower at 840,551,874, com- pared with $47,138,854 in 1927. The ross value of manufactured 'pro- ducts was $12,085,155 compared with 860,502,604 and the value added by manufacture 811,533,281 compared with 813,363,610, -
The Ministry have now satisfied themselves that the oil is there in eat quautities. According to the director's statement to the Por tuguese Press, these oil mines are rich enough to solve completely the financial and vennomie situation in Portugal.
ti
EXCHANGE RATES.
(BRITISH WILELESS SERVICE]
Paris New York Brussels Genera Amsterdam Milan Berlin
Stockholm
RUGBY, Nov. 13.
123.84
4.87 21/32
34.843
*25.185
12.074
03.14
20.393
18.153
Copenhagen
Oslo
18.205 38.205 34.60
1610
1041 ·
31.77
108.23
375
816
5 13/16
40 3/16
Vienaa Prague Helsingfors Madrid Lisbon Athens Bucharest Rio Buenos Aires Bombay Shanghai Hong Kong Yokohama Silver (spot) Silver (forward)
91-92.
10-Scottish Company,
Parades: Thursday, November 21, 1999, for Machine Gun Instruc- είση.
2-Great Coats.
out great coats has been brought to The fact that some men are with-
notice. Os. C. Units will please en- sure that all have great coats that fit and have cont slings to carry them in. If there is not a coat in store to Et a man one will be made to order.
3-Weapon Training,
No. 6 Platoon at Kowloon Dock under Lieut. Geo. Duncan, Y.B.E.
Nos. 5 and 7 Platoons at Head- quarters at 5.30 p.m. under Lieut. I. R. Forsyth.''
The follownig (up to date) have classifed as markaman in Table #T" (Rifle) and are entitled to wear the badge for one year:-
1/8 27/39 -2/2"
1/8 1/11 31/32 920/10
[Daily Share Quotations will be found an pogs 9-of this isne.],
ENGINEER COMPANY No. 17 C.S.M. Everest.
728 Corpl. Salter.
17
14
+
COLS SIGNALS.
452 Sergt. Easterbrook. 1984 Sigm. Tarbuck.
'MACHINE OK ROOM. 1300 Pte. Grieve.
MACHINE GUN CO." BO C.&M, Green, 1313 Pte Stanion.
811 Sergt. Branson. 1004. Sergt. Urquhart.
SCOTTISH CO.
990 Pte. McLeanaan. “ 309 Sergt. Cuthill.
21 Lee-Sergt. Gondmán.
589 Corp. Lindsay. 1252 Ptc. Goodman, 1463 Pipe Major Mackie. 1006 Dr. Major.
PORTUGUESE CO.
1177 Corp!. Sequiert.
048 Lee-Corpl." Kocha, 1131 Lee-Corol. Ribeiro. 1135 Sgt. Maher, 1921 Pte. Baleros.
RÉSERVE CO.
1235 Lee-Corp. Slaw.
19 Pte. Frith.
4.--Corps Band.
CAMP.
All returns re attendance should Saturday, November 18. be sent in not later than roon on
CHURCH PARADE. Sunday, December 1, 1999. All ranks are reminded of this parade and asked to keep this date free for atiendanec.
11.-Portuguese Company.
CAMP.
The Company will be in Camp for the week-end November 13-17, At- tention is called to Corps Orders para. 1 re arrangements. On arriv: ing in Camp Pistoon Sergeants will be responsible for the Company by Sections.
Sergeants will occupy a tent to themselves.
GREAT COATS.
:
All great coats taken to Camp, will be rolled and carried, in the regulation manner. Civilian great
coats will not be carried.
12-Machine Gun Troop. ... The Troop will go into Camp on Friday 16.
13.-Duties.
Corps Sergt. Major H. Westlake, D.C.M., having returned from leave takes over the duties of Corps Sergt. Major from R.S.M. Edmonds as from November 7, 1999,
The Band will parade at 5.30 p.m. in mufti on Tuesday, November 19, for Band Practice...
14.-Strength:
The following recruits have been taken on the strength and posted as under:-
5.-The Battery, Parade for Gun Drill at Head- quarters on Friday, November 15, at 5.30 p.m.
J
8.-Engineer Company. Thursday, November 1. Kennedy Road Range. Parade at Headquar ters at 5.30 pm Dress: Mufti. -
7.-Corps Signals.
į
No. 1520 Pte. F. A. Gill, No. 10 Platoon, as from November 8, 1929.
No. 1521 Fte. W. L. E. Miller, Armoured Car Co., M.C. Section, as from November 12, 1999.
No. 1599 Bandsman. E. Sequeira, Corps Band, as from November 12, 1993,
M.
No. 1523 Bandsman L. A Sequeira, Corps Band, ta from November 13, 1929.
15-Leave.
Lee Corp. J. M. Pinna, No. 11 Platoon, from October 10, 1929, to October 18, 1930.
...
No.. 1196 Ete. F. G. da. Luz, No. 9 Pintoon, from November to De- cember 31, 1929.
Parade at Corps Headquarters at 5.30 p.m. on Monday, November 18.
No. 1348 Pte. E Xavier, No. 0 Platoon, from November 8 to. De- cember 29, 1999.
A/C.S.M. Branson, C., No. 2 Platoon, from November 12, 1929, to September 23, 1930.
Ice-Sergt. L Farmer, M.C. Bection, from November 13 to 29, 1029.
SCIENTIST'S RACE
TO INDIA.
SECRET MINE TO BE EXPLORED.
"INDUSTRY WILL BE
REVOLUTIONISED,"
An unobtrusive little scientist | left Croydon quietly last month on a dramatic air dash to India in quest of a wonderful ore which, it is declared, will come as a boon to all, and will revolutionise industry.
No. 1435 Pte. Stuart-Smith, No. 1 Platoon, from November 13 to December 12, 1999:
No. 1373 Pte. J: L. Bennar, No. I Platoon, from November 13 to December 15, 1920 (sick leave).
T
He is Mr. Cecil 8. Garnett, one of the most celebrated grologists in Europe, and the greatest refrac tories expert in the country...
-To-day he is well on the way to Karachi with a geologist's hanmer in his pocket and millions pounds at stake.
No. 1109 Pte. D. A. Montalto, No. 11 Platoon, from October 8 (siek IrAve),
Extension of leave granted to No. 1359. §. V. Gittins, No. 3 Platoon, from December 8 to 14.
No. 765 Lee Corp). Rodgers, M.G. Section, having returned from leave the uncapired portion of his leave
is cancelled.
16.-Reversions.
The precious metal concerned is gillimanite, which, it is claimed, is capable of resisting any beat, and its discovery reads like a chapter. from a novel,
The mineral may be the "philoso pher's stone" for which industry has been searching for years. If is will resist the tremendous hent of the new furnaces, industry will save millions of pounds. Synthetic sillimanite sells at £11 a ton, and cannot prevent furnaces-cracking.
No. 039 C.S.M. V. M. Xavier and No. 947 Cpt. L. Z. Marques, Portu- guest Company, revert to the ranks at their own request as from date. 17.-Promotions.
The following take effect as from dote:
Millions In I
The world has been, searched for the mineral, and only tiny quanti tics have been found. Now in the Assam hills is a mighty mine of of tons-waiting for the little man sillimanite-hundreds of thousands with the hammer.
Mr. H. E. Moon, lately manager "If his report is favoumble" said
of the Hong Kong and Shanghai Bank Calcutta, and who is financ. ing the venture, there are mil- ions in it. Only the honesty of one man prevented this colossal for- tune from being captured by a private individual.
Motor Cycle Section :-No. 703 L/Cpl. M. C. Rodgers to be Lance/ Sergeant.
"Dr. Fox, & Government official, was inspecting a shipment of cor undum, polishing mineral. He looked at it closely, and to his amazement found it was still- manite! If he had cared to keep" quiet and buy rights to the mine he would now be
4 multi-mil lionaire.
Mr. Moon described how he had tracked right into the wilds of the Asram Hills. I stood in a gigan- tic mine of the stuff," he laughed. "I never felt so rich in my life."
12
The backers of the scheme have
only one feat. Mr. Garnett has two lores, research and orchids. He has sat in the swamps of the Amazon and talked Derbyshire to the natives while searching for or- chids.
Portuguese Company :-No. 883 6gt. J. H. Lawrence to be C.S.M., No. 1172 L/Sgt., A. Garcia to be Sergeant, No. 1197 L/Cpl" C.. F. Omund to be Lance/Sergeant, No. 1177 Cpl. F R.. Sequeira to bo. Lance/Sergeant, No. 1122 L/Cp?. C. F. V. Ribeiro. to be Corporal, No. 1213 L/Cph J. C. Remedios to be Corporal, No. 1203 Pte. Beme- dios to be Lance/Corporal and No. 1991 Pte. J. P. Baleros to be Lance/Corporal
R. A. WOLFK-Munray, Major, Adjutant, H.K.V.D.C. Hong Kong, Nov. 14, 1029.
North London policeman: I said
Are you a de-
for Signal Training. Dress: Mufti to the prisoner,
Parade at Miniature Range at serter?" He replied 5.30 p.m. on Thursday, November my name is Smith." 91 All recruits must allend this parade. Dros: Mufti,
8.-Armoured Car Company.
CAR SECTION:
Friday, November 15, Parade at
Not likely:
The King and Lord Rothschild have both commissioned him to seek for them in the past. Orchids are the passion of his life.
Solicitor at Wood Green: You were annoyed when your daughter made a complaint to you! Father: Iwas a little aggregated.. Ap
Tottenham magistrate to a hus-
Kowloon Railway Station at & p.m. band: Are you living with your
to proceed to Camp by Armoured wife now? Husband: Yes, but
Car.
other room.
since she has taken the wireless Dress: Tunic, breeches, puttics, with her to bed I have occupied an- rifle, haversack, waterbottle, great cont, coat carrier and helmet. Bhorts and beret will be taken to camp.
MOTOR CYCLE SECTION.
Friday, November 22. All ranks will parade at Headquarters at 5.30 p....for instructional ride.
"If he will only look for silli- manite and keep clear of orchids," chuckled Mr. Moon, "everything will be O.K."
Man charged at Willesden with running away, and leaving his family chargeable to the guardians: I did not run away; I went by train. The Clerk: Under the Act going by train is running:
And, incidentally, Mr. Gargett has to rush back to Derby after his trip, because he has left some invaluable bricks cooking in n oven, and they dare not open the kiln without him!.
Croydon.-Robert Netley, 42, was seriously injured in trying to rescue a dog which had strayed on to the electrified track of the Southern Railway at West Croydon. In the darkness he slipped and fell to the bottom of steep embankment. He was taken to the Croydon General Hospital, where he is still in a serious condition,
UNDERWOOD
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Pros: Lincola...Doo. Pres. Cleveland Deo.
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17, 6 p.m.
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Waltz Mario Perry, Accordion Solo,
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"
Ahi Sweet Myster of Life" and "The Song of Songs," Richard Crooks, Tenor with Orchestra, "William
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Fantasia and Fugue." Symphony
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Mele of Hawaii" and "Honolulu Stomp, Honolulu Serenadera, Song of the Volga Bortmen" and "Shining Moon," Kirlloff's Rus- sian Balalaika Orchestra. "Martha," Selection,"
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