LIVERPOOL MARKET
REPORT
COTTON, 'WHEAT, CORN,
METAL, SUGAR ‹
Messrs. Pentreath & Co. have forwarded as the following letter dated Dec. 22nd from A. J. Bustor & Co., Liverpool:-
COTTON
is estimated at 68.9, against 70.4
HONG KONG DAILY PRESS, MONDAY, JANUARY 30, 1933
RED MOVEMENT IN
JAPAN
beatish. THOUSANDS ARRESTED IN
NATIONAL ROUND-UP
last year and 80.3 two-years ago, The figures as regards the acreage are much larger than the average of recent private estimates and are regarded as distinctly The condition figures on the other hand, are bullish, but it must be remembered that the condition of the crop in December is not ol great importance. Savoro cold and unfavourable weather, however, are still reported from this region, and the general tone of reports from a large part of the bolt is very pessimistic...
Canada and Australia have been free sellers during the week, and the entry of Plate shippers into our local market with very low offers has introduteed a further ele
ment of weakness.
LITTLE HEADWAY" MADE
AMONG MASSES
It is still undoubtedly true, in wing leaders- have flöcked, ama fact, that a far greater danger to far more of active communism than pace and order, and to the ex to the academic and somewhat fisting from of government, is to annemic dangerous thoughts" of be found in the ranks of the reac- the majority of those who are ar ionary organisations than among reated in the periodic round-ups. tho handful of youthful radicals
It is noticeable, in fact, that the and pseudo-communists, and there
Unrest and dissatisfaction withing the country wide round-up of existing conditigo are certainly - Karch, 1988, and the years that fol- rife, but, even amongst the thou flowed, a total of only 139 were sands arrested during the past given aantences at the conclusion of year, a very large number has al | the long-drawn trial on October 7 readdy been released and, if past last year, and on none of these wa Fexperience is anything to go by, the death sentence carried out
the peobability is that, when the One man, it is true, was sentenced examination of the remaineder has to death, but the sentence was sub-is possibly some foundation for the rest majority of these latter are been completed, it will be found sequendly commuted to Him assertion made recently in a mani-youngsters many of them of good that not more than 200 or 300 will! prisonment.
festo Ismed, by the Shinuso-itself families in their early twenties parlour eventually be prosecuted and found That fact that the maximum the Third International had order Bolshevik variety. The danger
a somewhat reactionary body that and seen to be of the guilty...
penalty has not yet been invoked would, in itself, seem to indicated the real Japanese communists is that, in treating them as though. to Assume reactionary ultra they were dangerous criminals, the that the authorities, despite their patriotism pointing out that airou is liable to enter into their
anxiety about the
right-wing upheaval should precede soul and rouse in them a per
manent grudge against-socis a left-wing revolution,"
Reuter.
undoubted
Ar Ordered By.
4. woman of Mercedes, Tozas, after swallowing • medicine
given by her doctor. The doctor,
Under the Peace Preservation Tokyo, Jan. 23-The revelation Law of 1923, it is forbidden to or that nearly 2,000 Radicals had been ganise, join, or induce others to arrested in a country-wide round- join, any society which sims at growth of radical thought, recog pu conducted towards the end of altering the system of private pro- nice that the majority of Japan's The situation is still dominated
October, and that as many as 6,900 porty, the maximum penalty for Left-Wingers are radicals in theory
Youths in Majority. by the negotiations, which have
persons within the jurisdiction of such an offence being at first set rather than in practice and that Tokyo Metropolitan Police at ten years' imprisonment but, by the likelihood of the few really taken a new turn this week with
Board had been arrested during the revision of this law three years active communists making any be in this assertion it is impossible died
What amount of frath there may❘ Hoover's message to Congress on
Nevertheless, shipments to Con 1032 on suspicion of being involved Inter, the crime was made punish very great headway among the to say: but certain it is that, Blonday. In this be proposes, with out asking the approval of Continental and non-Continental cours in Communist activities, is a good
masses of the people is so compara, apart front the lip-service paid to to prove that it could not have been gress, to establish new machinery tries are expected to be heavy, and indication of the prevailing spirit' ablo by death. for discussion of the Debt, though, as hitherto such shipments have of unrest in Japan at the present Maximum Punishment Not Invoked, tively remote that resort to the the slogan of loyalty to the Em the medicine, swallowed some and
peror, the programme and activi died, too. of course, any conclusions would been well absorbed, stocks in ex-time. It cannot, however, be tziken
It is worth noting, however, that, maximum penalty as a deterrent is ties of the reactionary Beisanto, to to imply that Commnnnism is mak
It just shows that doctors can't be subject to such approval; and porting countries should be reducing any very grent headway here. of all the thousands arrested dur- not called for.
which so many of the former left 1 be too careful, he proposes that this discussion |ed materially. should precede the World Economic Conference. At the same time hu To sum up, we would say that, makes it quite clear that in his for the present, the situation is view the question of Armaments is still bristling with bearish factors, linked up with that of the Deht bat we are convinced that the posi Meantime it is disappointing to tion from the grower's point of find that Roosevelt shows no sign view will improve. in the future. of being ready to co-operate with it has already been reported that Hoover in the matter..
the Argentine Government con- template a reduction of exporters wheat sowings for the next two years. Now we hear that Canada is studying the advisability of tak. ing similar measure, and the Ame- rican allotment plan certainly en- visages a curtailment of produc tium. On the other hand, we are sure that growers have learnt their lesson and are now well disposed to facilitate any Governmental noastre, as they are not satisfied to grow wheat for a scant living.
A
On the whole our market has maintained its recent strength, in spite of arising exchange. similar rise in New York is en- couraging, in view of the fact that there have been heavy sales attri buted to the Co-operatives, but which are said to be connected with the handing over of 330,000 bales to the Red Cross.
The ginnings to 13th December, with a total of 12,080,000 bales showed a definite falling off in the rate for the period, which is below the ten years' average for the first time since 18th October, But the average balance still, to be ginned at this date is nearly A millin
les, and if only half that were ginned this year the total of say 12 million running bales would, wing to the heavy bale weight, Pasily come up to the Government's last estimate of 12,727,000 bales of 500 lbs..
Of course, it must not be forget- tem that wheat, like other articles, is still influenced by outside fac tors, but inherent features will come to the fore sooner or later, and we feel confident that prices, on their own merits, will work in- to a better position.
METAL
The Copper Conference broke up The U.S. Production figures for without roaching any agreement, November, which have been so long and negotiations between the va- delayed, were fairly satisfactory.rious producing countries have been the total Production of 249,054 | abandoned, but there is talk of a thousand yards being very little new proposal in America to stop Less than last month's (953,109) Sales on the other hand showed a marked improvement, being 82.3 per cent. of Production against the low figure of 89.1 per cent. in Oc- tober, but as Shipments were less than Production. Stocks are up & little, while Unfilled Orders are down,
production altogether for a more or less lengthy period. This find the effect of raising prices from the new low level to which they had fallen, and the tone of the market has brightened up somewhat. We suppose this would really be a "bull" point, but stocks in Ameri- ca are extremely heavy, and quite sufficient to supply all needs for a course, been checked by the outside America might then const, long time. Moreover, producers proach of the holidays and the der that they would be quite just- year-end stocktaking. The accep
which tance of the settlement in the "more would largely nullify the effect of
fied in going "all out," Inom." question is satisfactory, the American shut-down.
In Manchester business has, of
and the trade will enter the new Jear without any major labour dis pute outstanding.
Sentiment in the Tin market is perhaps not quite so conäident; The relative appreciation of stocks are not being roduced, and Egyption continues, both for Bakel some concern is felt at the increase and Uppers. The Government's of production outside the controll Ginnings to the end of November ed areas. This, however, is a very again showed, of course, a decline all thing for the prezent, and on last year's figures, but the gin-likely to remain so for a long nings of varieties, other than time, In the meantime the Tin Sakel (which includes all the other pools seem quite capable of seeing
their deal through. long staple varieties) are holding up comparatively well, so that the total ginnings for the period are actually more
than in October, which is unusual. The details.of
SUGAR
these other long staple varieties There has been a steady impro- have not been cabled, but it looks vement, in prices since last week; as if the total production of long the improvement has been only staple varieties this year might slight, but it is an indication that: prove, in the long run, to be much the market considers that with no larger than had been anticipated. external adverse influence sugar On the other hand there are ru- prices are low enough to warrant Hours of a much lower return an improvement, and we consider from the Sudan this year.
that in the New Year a sharp rise in prices would cause no surprise.
The first official estimate of the Indian Crop, which is only The New York market, at the mo- 4,223,000 bales, against the final es ment, does not appear to be re- timate of 4,064,000 last year, is less sponsive to an upward movement. than had been hoped for, but, of This is probably due to the policy course, the Government estimates of selling from the Philippine and are nearly always much lower than Porto Rico producers. It may be the commercial crop.
that the selling during the "part few weeks from these sources has With regard to prices, the season heen overdone. This forced hedge of the year and the international selling has been the cause of the influences referred to above a decline in the gold price of sugar count for the absence of any act as expressed in dollars. The im vity in the Futures Market. At the same time it is significant that provement of the pound sterling notwithstanding. the foregoing from its low level of &14) in No- prices have been well maintained, vember has given greater conûden- and we feel that with better trade conditions in Manchester any re. The London and New York newal of activity would stimulate markete are both suffering from a an improvement in valute.
WHEAT
lack of buying power, and a feel- ing on the part of would-be opera tors that notwithstanding the
The declining tendency line con
cheapness of sugar, the present tinued and prices have suffered a economic condition of the world material sethack during the week; prevents them from arriving at a new low records have been estab- definite opinion as to what is go lished in Winnipeg, where business ing to happen next. has been done in the May option
on Tuesday last at 401c..
During the next twelve months the statistical position of sugar. The U.S. Government estimave will improve considerably. Owing
Winter Whent oron acreage to thú, Chadbourne Scheme
||ling-pressure-from: Cuba will not be, excessiva, and although, India and the East "ara-not
and
inst, and gas ta
mént: pcti
1st of holdini
SHOWING TO-DAY
Ar 11.30 A.M., 2,30,
5.10, 7.15 & 9,30
P.M.
KING'S THEATRE
HONCKONG'S FINEST CINEMA
-
Never Anything Like HOWARD HUGHES' Supreme Achievement
Each scene tops
the one before in
SPECTACLE THRILLS! LAUGHS)
SKY
DES
EDWARD
SUTHERLAND:
(sto
TRACY
THE BEST PICTURE TVE MADE GI
THẦN H
BOOKING "AT THE
THEATRE.
TELEPHONE
Nos.
25313,
25332.
PICTURE THAT TOOK A YEAR IN THE MAKING AND COST MORE THAN HADE A MILLION DOLLARS IS SKY DEVILS WHICH HOWARD HUGHES, WHO MADE THE TAMOUS SPECTACLE, HELL'S ANGELS, "` IS OFFERING AS THE FIRST
AN AIR F
THEATE
BED IN FILMING THE SENSATIONAL FLYING SCENES IN SKY DEVILS
HIPS ARE SHOWN IN ILLING COMBAT ABOVE THE CLOUDS.