Brown
Gentlemen's Tailor
2nd Floor,
RUTTON BUILDING, 17, DUDDELL STREET.
(Opposita Gouret HALL.) Orders executed in 24 Hours
TELEPHONE 23056.
Maison Marnae
(Dress Designer}
Has the Latest Models
·On, View at
4, Pedder Street (opposite Hongkong Hotel),
HONGKONG HOTEL GARAGE
FOR CAR HIRE
Гок Ножа Кожа: 24758 Fox Kowloom: 57874'
THE JADE TREE, Inc., PENINSULA HOTEL ARCADE
FUR COATS
JEWELLERY LINGERIE HANDKERCHIEFS
ETC.
JE
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RADIO
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RUDOLF, WOLFI & KEW, Ltd. |
54, Queen's Roan CENTRAL 1st Floor.
Tel. 22178.
ESTA BLASTED 1839.
Money
HONG KONG DAILY PRESS, FRIDAY, FEBRUARY 13, 1931.
and Markets
SINGAPORE SHARE
MARKET.
FRASER & CO.'S REPORT.
Messrs. Fraser & Co, in their Singapore share circular dated February 3 state
METAL MARKETS.
RUDOLF. WOLFF'S. WEEKLY
REVIEW
MARKETS EASIER PRICES LOWER.
January 16, sinte :---
Markets have been easier, and prices are all lower as compared with those ruling a week ago,
Tin,
THE SUGAR MARKET. SIR JOHN MULLENS
GERMANY AND THE CHAD-
BOURNE SCHEME.
Messrs Pentreath & Co. havo forwarded us the following letter, dated January 16, from Messrs. Hornby, Heinelryk & Co., Liver- pool:-
IN SINGAPORE.
WORLD TRADE VIEWS.
SLUMP BOTTOM NOW
REACHED.
Sir John and Lady Mullens are at present on a world cruise and have spent some time in America recently.
יז
EXCHANGE
CLOSING QUOTATIONS,
February 12, 1031 ON LONDONI WAS
Totegraphic Transfor... 114 Bank Bills, on démand 17)
·Bank-Billa, 4-months' might desgrámaibe Credits:p|4. "month"
might
Documents, 4 months'
wight
On Fabin:~~~
1 13.10
Bank Bills, on demand 6726
Credits, 4 months' sighs 0121 ON NEW YORK: WINE
Bank Bills, on demand 221 Credits, 60 days' night. 234 OM BOMBLY:
Telegraphic Transfer
Bank, on demand ... ON CALCUTTA
Telegraphio Transfer.....)
: Haul, on demand
UN SHANQUAL :--
028
\TÍ, 70 Band, at sight' mi. (84 % dur NYOROHANA ; ***
On demand ................ 41 ON MANILA-On demand... 45Į Un BingapoRE:---
td Ja/demned
41
BATAVIA:-On demand.. 68j ON HAIPHONG
On demand
ON SALGON:On demand O BANGKOK
On demand
1941 Bovansiana, Bank's Buying
Bate
in 1'7 BAR BILVRE. per na
EXCHANGE RATES.
(BRITISH WIRELESS SERVICE.]
RUGBY, Feb. 11.
123.071 4.80 3/16
A meriad of slow recovery towards Terms were arranged at the end itter trade in England and of last week with Germany for her Amorien is the outlook for 1931 a inclusion in the Chadbourne scheme carding to Sir John Ashley Mul on the lines indicated in our last kus, manager and trustee of the market letter, but in the inentin London Stock Exchange, who ar the markets have been in a highly rived in Singaporo last week by the In the absence of any further. Messrs. Rudolf Wolff in their re-
nervous conditions owing to the cir-se. Empress of Australia, ncoom. announcement regarding the Res-view of tho metal market dated
culation of rumours, favourable panied by Lady Mullens. Sir John triction question, combined with the
and unfavourable, with regard to is internationally recognised as a possibility of a small increase in
the progress made by Mr. Chad financial authority. the World's Visible Supples, the
bourne with the Jasa Trust, the pries of Tin has declined slightly
Brussels ngremont having been on balance during the week. Ship-
signed by Java representatives with nents for this month are forecasted it 6,500 tons, and the combined Whilst displaying some irregu-the proviso that their Government
Interviewed on arrival by 'are production of the Straits Trading iority at times, tin ng on the whole and Java producers should give
presentative of the Straits Times, and Eastern Smelting Companies een easier, and prices show a de- their consent
Java producers are
said to be Sir John said that it was no us for February is estimated at only cline of £3.18 to 23.170, as compar- 4,800 fons, but the reduced figures.ed with our last report. Sales in meeting daily in an endeavour to blinding ourselves to the fact that are customary at this time of the the East during the week amounted reconcile their own differences, and things were definitely bad in Eng- one day we hear that they are pre-land and America at the present year, having regard to tho short to 1,350 tons; shipments thence up
time. month which also embraces the fall to the 12th instant were 2,150 tons, pared to ratify the provisional
Re-Action Setting In, ing off in production incident to and for the month are estimated agreement and the next that they
will not empower their representa Nevertheless I think," he said, Chinese Now Year. But little in at about. 7,500 tona. Premiums on
"that they are decidedly better- ducement has been forthcoming to Straits and Banka Tin are quoted tives to give a definite signature to
the scheint. According, however, than they were two or three months speculators or investors to operate at about £3.10. Business with con- in the Tin share market, and very sumors bath in this country and to the latest information to hand ago. I think we have reached bot- dul conditions have prevailed on the Continent has Blackened from Amsterdam, it is believed to in the alump and the re-action throughout the week under review, again and quiet conditions are re- that the Trust will come into line is setting in It will be a slow.
ecovery and no one can foreson Rubber also has been a declining ported from America. Confidence with the Chadbourne plan.
Willett and Gray issue an esti-how long it will be before we reuch commodity, and the heavy increase has been rather badly shaken by in the United Kingdom storks this articles which have appeared in the mate for 1031 in which they give normal again. :
"In England the dole does not week of 2,125 tons has been a suffi-Press commenting on the scheme the total world production at c'ent deterrent to prospective buy for restricting supplies, it being 26,129,000 tops, against 26,884,00 help matters, for it is no incentive ers of Rubber shares, which have pointed out that similar projects tons last year. Consumption in the io work and it eccemas rather ridi- remained entirely neglected. The have in, the past months been apU.S.A. for 1020 is given as 6,500,000eulous for the State to pay away. consumption figures, of crude rub-lied to many other commodities, tons, agnitist 5,811,000 tons in 1928. ugo sums annually and get no re-
Java has sold a further large ber in the USA. for January are without for the most part any real anticipated to disclose an increase, success being achieved, and sub. quantity of Sugar at the previous
"In Amerien the banking system but until production and consumpmitting further that the only actual lowest price which has rather de tion figures more nearly balance remedy will be found in allowing pressed sentiment. Another bearish has rather complicated matters, for cach other, a real upward movement, the natural laws of supply and de influence has been the fact that numerous small banks have failed in shares enn scarcely be looked for, mand to take their course, for only Russia, has, recently made sales on and given the world a wrong view Industrials remain at practically then will a wider trade demand be a cheap basis, and it in understood of the financial situation there. last week's levels, and the volume attracted and consumption definite- she is seeking an outlet for veryIn common with the rest of the world, America is suffering from of business passing continue, to be y stimulated. In these circum- considerable quantities. extremely mall. London prices stances, the market has been sub-- It is very difficult to express an depressed trado, At such a time enbled last evening show a small ircted to some fairly active selling opinion regarding the immediate the resources of a bank receive a dreline throughout.
and liquidation, and as support trend of the market, but we feel train and the numerous small Mining-Only a small business has not been quite so actively that even if the whole Chadbourne banks throughout the country could has been put through in Mining afforded as hitherto, the market has scheme goes through, the vast not stand a rum These failures stocks with Sungei, Luns changing declined. The price having fallen quantity of Sugar available will would not have occurred if the hands from $1.11 to 81.09, Kinta nearly £8,, from the highest points militate against anything like a branch banking system had been in Tin Dredges 81,00-81.04), Kuchais recently touched, the market meets sharp advance.
Coperation.”.... f0-70 cents and Penawate 301-51 with rather more resistance, and Close Liverpool last night:- Touching on the slump in the BANK OF CHINA IN JAPAN. egats. Ayer Hitam, came to busi-ut the lower level buyers are in March Gs. 3d, last week os./8d.; various commodities, through over ness at 11/7, Pungabs 14/3, Raubs clined to take a more active interest May Os./6d., Inst week 6./100. production and under consumption, $16.50 and 816:60, Malayan, Col-again. Princes have already re Close London last night-March | Sir John admitted that he had no lierica romaining a quiet market at covered a little and the undertoness./10jd., last week 68.73; May faith in restriction. In every com. 833 Middle with no business report it the close is harder.
6./old., inst week as.5Įd. ·.
modity where it had been tried it ed. There are buyers of Hong
According, to mail ·advices' from Our New York correspondents had failed. It was an artificia! Kong Tins at 10/- with sellers at Hong Kong under date December cabled last night that the market boost, which could only bring us 10/8; Sungei Ways are wanted at 19, stocks there are estimated at * or near and there are also on about 1,100 tons.
Tak Cheongquiries for Kampong Kamuntinge.
Gentleman's Tailors, Gutfitters and "Dealers in' all kinds' of Fancy Goods
60, QUEEN'S. ROAD CENTRAL
PHONE: 2317
IT'S A SEASONABLE - TIME“
TO GET A WINTER SUIT OR OVERCOAT.
We have Just Received a Wide Varisty of Woollons for Your
Selection *
PERFEOR FIT GUARANTEED, "--
PRICES BELBONABLE.
+
Malayan Tin Dredgings,. Pahang Options Double £13, Single Consolidateds, Takuapas, further £6.10. Raubs and Hong Fatts, but busi- Cash £114.13 (opening), 2116.15 ness is difficult to negotiate. A bid (highest), £112.2.0 (lowest), £114.5 is wanted for a parcel of Bukit (closing). Arangs and small lots of Puchongs are on offer, other stocka remaining practically unchanged.
Three months.-£116 (opening), £117 (highest), £113.10 (lowest), 115.10 (closing).
Turnover for the week 3,400 tons.
Copper
therefore has once more been estab-
|
turn. The capital has to be raised. by taxes and it yields nothing.
is irregular and small waiting the back to the theory of tho survival final results of the Chadbourne of the fittest. negotiations and the effect of the early era movement Offers of actual sugar are easier.
-COFFEE,
The underlying situation remains unchanged, but values have worked: irregularly higher thanks, mainly fo persistent buying of Merch cor-
liveries. traets which has affected other de
Stocke in the interior of Sao
•
Rubbers-Kempns were done at 21.25, Mentakabs 274 cents, Malaka Pinda 80 cents, New Scudnis 81.05, Ulu Benuts 24 cents and 81.074 was paid for an odd lot of Pajams.
Copper has been irregular but on Sungei Bagang at 91,75 or near offer decline of 2/6d. for cash and Colinsburghs could be placed, also the whole easier, the price showing and an offer of Kedals at $1.05 1 8/2d. three months as compared invite the neighbourhood of with our last report. The nearer Paulo at the beginning of the year
Teluk Ansons are still
21.10 and a fus Bruneis and Joram positions have been only sparingly totalled 22,213,000 b
bags compared Kuantans are in the market at our offered and a small backwardation with 22,300,000 bagaon, the 1st rent quotations.
Industrials-The volume of busi lished. The publication of the December. The present stocks in egg transacted in this section has American statistics, of which we Santos and Rio amount to 1,100,000 been of smaller dimensions than appond some particulars showing and 230,000 bags respectively, for many weeks past, although the a decrease of about 9,500 tons in the undertone remains quito stendy, total stocke, stimulated a little buyigainst 1,137,000 and 121,000 buga Straits Traders are unchanged ating and the market sharply recover a year ago.
From time to time reports are to 20.65 and after a small decline to C to 157. three months on 820,60 are again wanted at the Wednesday afternoon. former figure, Consolidated Tin vaned, however, was of short dura-hand from Brazil giving compara Smelter Orda improved to 14/7 tion, for the following day prices tively low estimates for the 1831/32 ind 14/10), with an odd lot going acted again in the absence of any crop, but we are advised by a well through at 16/- Gammons were improvement in demand on the part booked at 810.00, Wearnes have of consumers. The Association buyers at 86.20 with no sollers in price of Electrolytic was reduced ovidence at or near this figure; cn Saturday last to 10.30 cents c.i.f DON'T LEAVE HONG KONG United Engineers are queted 83.60 Continent, but industrial reports with shares obtainable at 88.75, and from America are none too favour a sinall parcel of Malacca Electrice able and metal is still reparted to is available at 81.71. In the albe offering by outside interests at Eenoo of business atlier stocks re lower prices.
WING HING CO TAILORS
64, QUEEN'S ROAD. PHONE 21417
without giving Order for the Weekly Preis to,
be sent to ̈, you
Address for.
THREE MONTHS
SIX MONTHS
1
The
ad-
main unchanged, lint thero is a per- Options Double £4.10, Singe eistent demand for all Preferisco £2.10. IN MANA Issues and the Loan market is
Cash-£44.7.6 (opening), 245,10 qually steady. Shell Transports (highest), £44.7.6 (lowest), £44.12.5
.13.0, British American Tobaccos (closing). 4.1.3, Hong Kong : Banks £110,
perial, Tobaccos £4.19,6,A
informed correspondent to ignore them as apart from unfavourable weather in July and part of August, conditions have been excellent, and recent rains have been, beneficial,
A cable to hund this morning and Santos values there is nominal, from New York describes. Spot Rio
and it is believed that March Santos contracts are under bankers'
control.
EXPORTS OF JAPANESE
Berlin
Paris Now York Brustela
34.851
Genova
25.17
Amsterdam
12.104
· Milan
92.87
20.441
Oslo
18.16
Vienna Prague
34.885
104)
Helsingfors Madrid Lisbon Athens 'Bucharest.
Rio
1931
48.70
108,25
375
B17
-4 0/32
34
1/51
1/2
11
2/0 13/32
12
Buenos Aires- Bombay Shanghai Hong Kong Yokohama Silver (spot) Silver (forward)
PERMISSION GIVEN TO OPEN
BRANCH OFFICE.
LAMMERTS AUCTIONS
PUBLIC AUCTION.
THE Undersigned havo received
Instructions
TO BELL DT
PUBLIC AUCTION
ON
FRIDAY, FEB. 13, 1931, COMMERCIO AT. 2.30: P.M."
AT THIS SALES ROOM, DODDELL STREET,
A LARGE QUANTITY OF VALUABLE HOUSEHOLD
FURNITURE
Comprising
Teak Hatstands, Glass Cabinets, Chesterfield Couches and Armchairs, Gramaphonos, Bookcases, Desks, Office Chairs, Carpets, and Rugs. (various sizes), Cabin and Wardrobe Trunks, Porcelain Flower Pots and Vases, Embroidered Pictures, Hand Paintings, Cameras, Binoculars, Marble Clocks, Brass Ornaments, "Howe" Platform Scale,
Eto, eta,
Task Extension
Tables, Dining Chairs, Sideboards with Bavelled Mirrors, Crockery, Glass Ware, Cutlery, Cooking Utonsils, Ica Cheats, Dinner Waggons, etc., etc.
Teak and Brass Bodstenda with Mattresses, Wardrobes with Bevelled Mirrors, Dressing Tables, Chests of Drawers, Washstands, Blankets, Linen, etc, etc..
One Orthophonic Table Model
and
A QUANTITY OF BLACKWOOD FURNITURE
Including:
Joss Tables, Cabinets, Jardinieres, Armchairs, Marble Top Tables, Dressing Tables, Tea Foys, Photo Frames, Desks, std., éto.
ON VIEW From THURSDAY, the
12TH FEBRUARY, 1981.
TERMS-CASH ON DELIVERY.
LAMMERT BROS.,
AUCTIONEERS.
OLD SOLDIERS "NEVER
DIE."
MATABELE REUNION AFTER.
30 YEAR
Osaka, Feb. -The Bank of Old soldiers who served in the China which applied during the Matabeleland and Mashonaland fatter part of 1020 to the Finance campaigns of 1803-1890-1897 held a Authorities of this country for the reunion In London. This was the establishment of a branch office in first time that many of the men Oanka successfully secured approv-had. foregathered since the stirring al by the Japanese Government on times over thirty years ago, when February 2, and accordingly, the, they fought. Lobengula and his branch office of the bank is expect Matchele warriors and, later, the ed to be opened shortly to, general Mashonas Over a hundred old :
campaigners, their chests a bléze of medals, were prescat.**
· SUGAR INCREASE.
Osaka, Feb. 6.-The export of sugar from this country to foreign: countries during 1030 amounted to banking business. 8,700,730 piculs valued at Y27,881,It is noted in this connection that 620, Compared with the previous: years, these figures increased by the Bank of China, which trans 107,000 piculs in gauntities while ferred its privilege for the issue in the absence of Lord Plumer (un- decreased by Y2,024,000 in the of bank-notes to the Central Bankable to attend through indisposi
value.
Shipments of Bastons coffee are plentiful, and the trend of distant deliveries inoks Tower as the new crop will not be long before it is available.
'COCOA.
Evidence that there is a more or loss wholesale, breaking away on the part of West Africa farmers from the agreement with their own federation has caused the market to become weak
Very little support is being given
Lord Baden-Powell, who presideď
some time ago when the latter. tion), read & message from the- bank was organized as the Central King in reply to telegram Bank of China, has been devoting of loyalty and sympathy. His. Majesty's message said:" Pleaso traders and merchants solely as an thong, assembled this evening who itself to the assistance of general express my sincero thanks to all exchango bank following the extook part in the campaigns of 1893, ample of the Yoxcham Specie fashonaland for the kind and 1800, and 1897 in Matabeleland and
Bank. ⠀⠀⠀⠀⠀
JAPANESE TOBACCO
MONOPOLY,
DITRIBUTING CENTRES OPENED DESPITE DISPUTL.
loyal terms of their metanga, and assure them how grontly I appre- ciate their words of sympathy in, my sad loss.
Lord Baden Powell said that ho was Mighty glad and very në tonished to see so many present. "I thought you were all dead, he added; and immediately there were shouts of Old soldiers never die."
Proposing the toast of absent comrades, the chairman said: "We who are left have our power of ser
to arms, but.by: bucking up the ice to the Empire, not by going younger generation to be like their fathers were telcre them.
Tokyo, Feb. As no compro by the trade, it being always diffimise has been reached between the cult to sell to manufacturers: on a Tobacco Monopoly Bureau author declining, market, and moreover short account open at present on there does not appear to be ary ties and the Tokyo representativos the part of dealers. prorogarding the sale of tobacco, the
Unless, the African Federation Tokyo Tobucco Monopoly Bureau Laren, who left Norfolk, Virginia, Mra Beryl Hart and Lieut. Mac- can find some merits of controlling has adopted emergency mensures in their monenlane Tradewind, nt their members, cocos will continuo.
of the wholesale tobacco; dealers
Duffs 3/6, Dunlous 12/3 and 10:: 245.7,8 (highcat), £44,5 (lowest), regarding the degotiations for the covery in values is not very prob- depola, throughout the y
Three months-£44.5 (opening),
There is nothing new to report £14.10 (closing).
Turnover week 3,080 tone.stabilisation of the rate of ox-
Cure for the work to top hats, but Sints Niorter-th Our New York correspondents At the same time, the ban&LL CAR Hat and the me
$4:00
$8.00
7D31. Jan Rubber. Tin. Bold. Price,
Tons
116.10,6 (200)
115. 2.0, 176.
58
31,
11. Ice House Street. Teb
88:374 | Production.
ABO, 40.
8.7/8d
10.7/8d.
88 3.23.13/10d. 114.15.0.225 : "57,021
113,000 - 100,000 | been invited by the Brazilian Gov- Exports Lacri
15,000 20,000 crnment to proceed to Brazil, to Domestic deliveries... 63,000 20,000 investigate conditions on the spot, Refined stocks ,370,000 367,000 and to mike recommendations, Blister ; stocks 224,500 $19,000 (Continued at foot of next column.)
to he offered freely, and any re-establishing 11 tobacco distribution 10 one morning last month to fly pay the Atlantic 1/4 Bermuda and the eity of Azores, landed at Hamilton Har- able. BARKAS
bour, Bermula, 9 same,
I taron,, who had, or paying cargo: the routa, expected to polaplete therr fight to Paris in: 40 beurs... Liout. Meclaren is an ex-Navy air pilot, while Mr Hart is a widow, and the owner of an unlimited transport pilot's lisence...
Tokyo ng from February 11.
Chis:membare of thu huraut for tincs further withdrawals are expected, distribution of tobacco. The trans- Arrivals are reported to be goingportation business has bçon entrust- directly into manufacturers hande, to the Kokusai Ungu Kaisha and the trade is more friendly to. the market at present prices..
in order to avoid- trouble,