Money and Markets
SINGAPORE STOCK
MARKET.
·FRASER & CO,'S WEEKLY
- CIRCULAR:
HONG KONG DAILY PRESS, FRIDAY, AUGUST 14, 1931.
TILDEN TO TOUR
·FAR EAST?
PLANS OF JAPANESE "AND
MANILA OFFICIALS.
quired for at $1.01 with a seller ut $1.04, and Pungahs bad business The proposed arrangement where. at 11 and 11/0. A small line of by the Philippines and Japan are, Takuapa Debentures was taken it 15/1, and Malayan Collieries to bear an equal share of the could also be placed at 97.25 with travelling expenses of American hares offering 10 cents higher. tennis stars giving exhibition There has been a good demand for Raubs from 315.50 to $10.15 busi- matcher in both countries may en- neas done, other shares in this able Manila. not enthusiasts to co action remaining quiet with opera-Big Bill" Tilden, the greatest
tors disinclined to dial.
Mesere. Fraser & Co., Singapore, in, their weekly report, state. follows:-
At
THE BRITISH LEGION.
ANNUAL MEETING OF LOCAL BRANCH.
NEED FOR ADIQUATE FUNDS.
The annual mesting of the Hong Kong branch of the British Legion was held yesterday afternoon in Messrs., Jardine Matheson and Ca.'s board room..
There were present Mr. F. W. James (in the chair), Lieut. Col. T. A. Robertson, Lieut. Col. G. Bird, The Rev, G. T. Waldegrave, and. Messrs. F. Key, R., Cable, A. R. H. Philips, A. Penrose, F. Lou, F. C. Hall and P. M, Ros- ser, then, sec, and treasurer).
Business during the wook hián
Rubbers.There is again no husi- tennis player the world has de teen interrupted by the holidays, nose to be reported in Dollar Bas.veloped, and his troupe of pro- and only a few bargains have been her shares, and sellers continue to fessional performers, in action on put through sing our last report. prodominate. Rubber established a further low- Industrials With only a few the local courts," says the Manila price record, declining
one working days this week, business Tribune. Tilden and his stable period to 2.11/184. per Ihr in Lon-has dwindled onsiderably, but have been invited to Australia in don, and shares have been cor-Straits Traders changed hands respondingly depressed... several times at $25.00 and Strails January next year and local tennis Tin shipment figures from the Steamships at 8113. Hammers have officials are seriously considering
The annual report, presented by Straits, for the month of July of buyere at 8100, Robinson Ords. 37.15 extending an invitation to the Mr. Rosser, stated at the amount 7,641 tons were anexpectedly heavy, and Fraser and Neave Ords, "at
include Manila in their expended on relief work during the but the estimates for the current 11.80, and on the selling side, to month vary from 3,500 to 4,000 tons fgapore Cold Storages are avail-itinerary.
year was 815: in addition dena." "only, and Tin shares have remain-able at 84.90 and Gammons at
The Philippine Lawn Tennis tions of 8750 and 2500 were given ed fairly steady in the meantime. 13.75, or a counter offer might be
Association is about to enter into to the Poppy Day Fund and the Local Industrials are irregular accepted. The F.M.S. 43 per cent. At present, Straits Traders being Loan was negotiated at 8100.00 an understanding with the Japan Cheero Cantoon respectively. The caster, whereas Straita Steamships after business slightly higher, Sia Lawn Tennis Association whereby Poppy Day appeal was sucessful. And Hammers continue in fair de-gapore Municipal per cent, 199 mande Called prices to hand fruraat 2107.on and the 1928 per cent. the two groups promise to cly carried out by the Hong" London indicate a weaker mari.ct Issue at 8103. Cabled London operate in bringing tennis stars and China branch of the legion, middle prices are as follows:-Shell from abroad. The two countries generally.
and resulted in the sum of Mining-A fair number uf Transports £2.5.6, British-Ameri- Perawats were done from 66 to 63 ean Tobaccos £318, Hong Kong will share the travelling expenses $1,083:68 being remitted to Earı cents, Kuchais 70 to 70 cents, Kinta Banks £104,10, Duffs 1/6, Dunlops of the players from their homes to
Haig's Fund. Tin Dredges 81.00 and $1.09, 18/3, Imperial Tobacco £4.0.0. Talama 74 and 73 cents and Petal-Courtaulds £1.7.8, Imperial Chemi. the Oriens and back. - kilerably easier but with good Slovakia 8 per cent. £109.10 and ings at 83.75, the latter closing con- eata 12-, Unilevers £1.98, Crucho buyers at $3.00. Sungei. Luas are Argentine 8 per cent. £82.
Consolidated Tin
DIVIDENDS.
Total for
NAME
Sracter Pref. 31% shal
1%
Consolidated Tin
Sruelter Ords, .... 5%
30 June 7.8 31
30 June 7.8.3!
Singapore Muni-
Dividend year to Year Date Books close
Jite Ends Payable 1031
24 July
do
1.0.31 18/31 Aug.
Price. Tons Sold.
855.75 50.00 55.12
cipal 41 1830- 21%
1031.
July 20
Rubber.
30
2.13/18. eld.
Tin. £111. 2.8
105
110.15.0
153
AUG
2.11/1ed. 2d.
110.72.6
150
110. 7.6
150 /
TRADE AND KWANGTUNG FLOODS.
FOOD PRICES SOÁR,
The
Recent reports from Canton state that a further fall in the price of rice is expected. It is thought, However, that normal rates will be resumed shortly as several large consignments of rice and rice-pro- ducts are due to arrive from Saj gon and other grain centres. recent gales and floods did much to destroy the rice, vegetable and crops, in Kwangtung Province, and it is said that in the Sanwuí dis- trict more than seventy per cent of the fruit and vegetable crops were totally destroyed. The prices for these commodities are therefore soaring and have reached a level never before realised.
The demand for Chinese raw silk., has decreased considerably during the net two months, and very little export business is being done in this article. The statement ernan- ated from the Chinese Silk Dealer's Association Canton at the moment ix said to be overstocked with fire. wood. This is accounted for by the fact that during the floods large quantities of frewood were import- ed into the city, as at that time local wood could not be purchased. Prices for this article have also dropped considerably.
56.37)
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE,]
Paris
New York Brussels Geneva
While the plan concern only amateur players, Philippine ten- nis officials see no reason why it cannot apply also in the case of Tilden and his professional troupe. While he and his companions will be ineligible to participate in the national championships on account of their status, they can engage in exhibition matches againit local stars" It will take plenty of cash to bring over Tilden and his com, panions, but ne trouble is expected in covering the necessary amount through subscription by leading clubs in the city and through in crease in admission fees.
Educational Value According to dispatches from
Melbourne a sum of £3,500 has been guaranteed by the Australian Lawn Tennis Association to Tilden and bis team for tour of Australia. Alternatively, the association has offered him 60 per cent. of the grass Hugby, August 12 gate receipts, less tax, and he may take whichever is the more advan- tageous of the two propositions..
... 123.05
4.85 13/16 34.88
24.00)
Amsterdamp Milan Borlin
Stockholm Copenhagen Oalo Vienna
12.041
92.85
201 18:15
Prague
18.181 18.101
34.55
·164
Madrid
55.85
Lisbon
1101
Athens
375
Bucharest
B17
Rio
3 3/32
32 5/16
24
1/51
1/2
118
2/-1
Buenos Aires Montevideo Bombay Shanghai Hong Kong
Yokohama
Silver, spot & forward 12
Kong
Thanks were due to Mr. E. G. Dewley (bon, sec), and Mr HK, Forsyth, (her, treas), and to the may ladies and others who came to the assistance of the branch. Funds were maintained by the in terest received annually on the late Sir Paul Chater's fund.
The thanks of the member were due to Mr. D. 8. Robb, chartered accountant, for auditing the Pop- py Day, fund, and to Mr. H. Spicer for carrying out the duties of hon, see, of the branch during. the years 1920-1830. ̈ ̈*
The balance sheet showed that after the two donations "previously mentioned and a subscription of 8100 to the General Charities: Or- ganisation there was an exes ex- penditure over income of $28.35, which amount had been transferred from the surplus fund:
Chairman's Speech. In moving the adoption of the report, Mr. F. W. James, the chairman, said: The affairs of the Hong Kong and China Branch of the British Legion are, I think you will agree, in a healthy state, primarily due to the generosity of the late Sir Paul Chater, who gave the money to form the "Endow- ment Fund" which bears his name. The amount expended undo: "Ordinary Relief. Work" is becom-'[ ing less each year, as the oxervice men; who went overseas and who required assistance in the years im- mediately after the war, has all been practically absorbed' inte civil
If Karel Koreluh, Frank Hunter and Emmet Pare, his fellow pro- femionals, do not take part in the tour, the personal guarantee to Tilden is £2,500. The Australian association believes that the clues. tional value of the tour would amply repay its cost. If the tour takes place, Tilden will arrive in Australia at the end of the present year or early in January next year.. Regarding the proposed agree. ment between Japan and the Philippines, the former has advised the local association that the Japanese tennis group would be more than glad to co-operate with the P.1. officials in the plan if the invited players could come to the Orient in April when the Japanese National championships are held, life, so that we may reasonably Acting on this proposal, the local
expect that the demands for relief tennis association is considering a
will meatual- plan to change the date of the P.I. on this Branch tournament from February toy aiviost disappear. March, so that the foreign store could go to Japan after playing in Manila.
If the plan toes through, it may be put into effect next year.
HEAD"
"DOG'S
GUINNESS.
BROTHERS. L. LONDON
TRO
BOTTLING
THE DOGS HEAD
THE FINEST TONIC.
Enjoy a glass of Dog's Head Guinness
"י
with your tiffin to-day,
Distributors-
OHTAINABLE TVERYWHER
JOHN MANNERS & CO., LTD.
The need however for a live branch of the British Legion will not be any less, as its main ob jedt remains, to forward the in- Lorests of the parent body in con- nection with Poppy Day.
"The need for adequate fonds to zelievo distress among ex-service men and their dependants of Home becomes increasingly apparent, as men who suffered from the strain. consequent on war ervice find they.. cannot "carry on" with increasing years, that is to say, men who were able to work for a time ure now finding that the inevitable price of the war years bas, to be paid, and they have therfore to be assisted from the fundi obtined through the British Legion fforts, cn Pop- py' Day.
•
The annual report express our thanks to all who assisted in the Poppy Day Appeal last year, and I sincerely hope we shall again bo able to enlist the services of sirni lar efficient workers this year.
Encilor of Oncers.
The report was adopted unani- mously, after which the following officers were elected : 44
President: Lieut-Col. T. A Ro bertaca,
Hon: sec., and treasurer: Mr. PM; Rosser date.
Anditor: Mr. Murdoch, Committee: Mrs. B. M. Denniz, Lieut. Col. Hal-Bration, deze Col: LG. Bijd, the Rev. Q. T. Waldegrave, and Messrs F Lobel, A Pearson, and, A. R.. H. Philips.
Which are your interests ?
Monday
SPORT.
Local Sport, Results of Week End Games.
Home Cricket Results.
Tuesday MOTORING.
Local and World News of interest to Motorists.
Wednesday AVIATION.
A page of interesting information about the latest developments in flying.
HOME RACING
Home Racing Notes, contributed by an expert.
BOOK REVIEWS.
Reviews of carefully selected books and novels which will interest people of intelligence.
SPORT.
Lawn Bowls review by "Green."
Thursday RADIO.
Friday
Wireless News, contributed by a local enthusia
SPORT.
Swimming Notes.
Home Cricket Results.
WOMAN'S PAGE.
Of value to all women who take an interest in matters of Dress, contributed by a local expert.
SPORT.
Tennis Topics by "Topflite."
Lawn Bowls week-end forecast by "Green." Baseball Notes by "Strikeout".
Saturday BUILDING & ENGINEERING.
News from Home, China and Hong Kong.
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THE
HONG KONG DAILY PRESS.
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