1929-09-28 — Page 2

-KING

PENANG

ILOILO

Troll

KARACHI

KLANG

KUBĖ

KUALA KANGSAR.

Perak (F.M.)

PEKINO

PENANG PESHAWAN RANGOON

SEMARANG SEREMBAN

SHANGHAT SINGAPORE SOUNABATA TAIPINO

TIENTSIN

TORYO

TONGHAH (Binski't). TSINGTAO

TOKOHAMA

ppína Talande) and General Foreign Exchange Banking business transacted.

BUYERS PREDOMINATE

share Messrs. Benjamin & Potts, and genera! brokers, in their weekly share report, state:

Since our last circular of the 20th instant the September Settlement has been satisfactorily negotiated. The local market has continued active throughout the week with a fair volume of business passing and prices generally rain show "farther in- Drovement, Buyers as a rule pre dominute and a larger turnover would

WEEKLY REVIEW

Messrs. Rudolph Wolf & Co., Lon- don in their weekly review of the metal markets for August 23, state: The markets continge quiet, but steady conditions have prevailed and prices, remaining stable throughout week, show very little

the

change as compared with last Friday's close. Tin Active

++

Steak Sixlots

...Sausages Bullock's Brains

ench

HONG KONG AND SHANGHAI BANKING CORPORATION.

Autborian Capal

$20,000,000

End and Fully Paid up $20,000,000 Reserve Funda

Sterling

Silver

---------$£4,000,000

Reserve Liability of Proprietors $20,000,000 BEAD OPTICE: HONG KONG.

DOARD OF DIRECTORS |—

. 8. Brown, no.

Chairman

W. H. Bell, Esq. Deputy Chairmata,

2200. Kr. B. D. F. Beit. A. H. Compton, Eaq.

M. T. Jane, Yag. B. La

AMOR

BANOROE

BATAVIA

SHAY

Lawin, Eng."

CALCUTTA

CANTON

CHEPU

COLUMBO DAIRES.

W

HAIPING

ETAN BAGS

HAKKIN

HAHUN

W. L. Petkunden, Eng.

T. E. Festés, Esq...

J. P. Warren, Esq. Chad Dém

lon. Mr. A. C. Byna.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON. Paid-up Capital

Agencies and Branches:

THE CHINA MAIL,

COMMERCE

AND

FINANCE.

METAL MARKET

SATURDAY, SEPTEMBER 28, 1929.

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

Prime Cat

.£8,000,000

Reserve Fund

.$4,000,000

Reserve Liability of Proprie

tors

£8,000,000

ALOR STAR

(Malay Siston)

KUALA LUMPUR RUCHING

SHARE MARKET

AMRITSAR

MADRAS

Beef Sirloin

BANGKOK

MANILA

MEDAY

NEW YORK

FAIR AMOUNT OF BUSINESS DONE

STABILITY OF PRICES AND CONDITIONS

Corned

發

Ronst

Breast

*

Soup

Steak

BATAVIA ROM BAY CALCUTTA CANTON CAWNPONE

CEBU

COLUMBO

DAIREN Dalny

South Manchuria

NAIGON

J. A. Permer, Eng:

DELHI

HAIPHONG

HASIRO

HANKOW

HARBIN

FMA)

TAWAY

TÙNG TONG

BRANCHES:-*

LONDON LYONS

NALACCA MANILA

MOJEDEN"

NAGASAKI

SEW YORK

(Mansurē)

ZAMBOANGA

A. H. FERGUSON,

Hong Kong, 8th January, 1929.

Poultry.

Capons, Small

Capons, Large

Eggs, Hen (cooking)...

- Sept. 19, June, June,

1929. 1918. 1914.

Cis. Cta. Cts.

4 RE

Bb.

28 24 12

Chicken

30 28 11

咸平

23

12

•

*ZB 24 22

Duck

24

20

18

}

Doves

24

20

18

N

*8

24 22

+

Eggs, Hen (froah)

90

12

26

20

10

12

Fowls, Canton Fowls, Hainan Geese

Tongue, fresh

IN each 86

50

Tongue, corned

牛關

服务

60

Head

+

.. $1.20

-$1.20

Heart

0

fb. 4

24

18

14

Hump. Salt 牛

魁

**

34

20

18

Fect

牛

27

HI cách 10

12

Kidneys

71

腰

15

12

+

Tail

25

22

.

Liver

18 14

"

Tripe

86

77

יד

por set 15

******* 3

* 8 8 8 8 18 = = = = *

Hollow

1b.

ور

Sept. 19, June, June,

燒雞

燒each

1929. 1918, 1914.

Oto. Clo. Ct.

56 30

398€ 2.59982811

50 23

60

23

40 22

ኮቱ

22. 21

Per doz. 28

18

·新鮮級螢

#2

25

J

1b.

36

海南雞

40 35.

#

45

24

each 35 80

27

28

ib.

76

51

88 2HKC# #8699857

DBR

鸡缐肥船班縐新本海熱白海火火沙山楂萬

Pigeons, Canton

И

Turkeys, Cock Turkeys, Hen

Snipe Pheasant

Quail Partridges

Fruits.

21

lb." 24

set $1.20 $1.00 $1.00

Almonds

Apples (California)

ឌឺ៩ ឥន៩៥ ឌ ៖ ន ៖ ៩ ៖ | | | | | | |

gཟླ ་ ལྷ བྷཾ གླུ ཋ t} | ༑ ཨཱུ ཡ ལ

45

28

15

*

1b.

60

44

21

#

45

金山

24

21

30

27

Bananas (bride's)

燕山香蕉

6 i

4

Per cet &

12

Carambola

13

12

Ib.

:16

*K

each 12 io 10

28

18

each 15

20 10

#

10

25

80

10

Lemons (American)

金山檸檬 cash

8

13

3

Lichees, Dried

48 30

24

荔枝干36

25

30

34

25

Orarges (Canton)

·新會甜橙?

34

Oranges ...

#

38

70

Pears (Canton)

18

21

Peanuts

花 生

13

10 12

per set 12 60 70

Thì cách 1

7

Persimmons, Large

紅

柿。

12

15

12 10

Plantain

#

*

#

5

25 46 - 26

71

Siam

* each 16.

12

15:

25

22

牛油

-18

80

18

ኮ

·43

26

Grapes

46

80

20

32

22

HONOREW

ILARO

PO

JOHONE

BONE

KOWLOON

KUALA LUMPUR

HANGOON

SAIGON

SAN FRANCISCO

SHANGHAI

SISGAPORE

SOCHABAYA

SUNOBI VATANI TIENTSIN

FURYO

TSINGTAO

TOKOHAMA

Current Agoute operiod in Locs Currey dized emits frived for one year or cherterion in 1 Carrancy Bud Sterling outer which will be quered or application. Holy, 1999.

HONG KONG SAVINGS BANK.

The Business of the above Bank, is conduct *NG LONG AND SHANGHAI BANKING COMPORATION. Bule may ha

isted on application.

FOR THE TICNG RONG & SHANGHAI BANKING CORPORATION,

A. HYNES,

Chini Manager.

Hong Kong, il plomber, 1927.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

NETHERLANDS TRADING SOCIETY)

MEERS.

Established 1824. ilong Haeg Uies: Queen's Iced Canal,

Anturi Cupila

Paid Up Capiti

Horse Fund

Guilder 150,000,000. *(£2,500,000.)

Gun 80,000,000

(23.060.667.) Guilden 40,000,000. (£,398.3.)

Rendico(AMSTERDAM"},

adora Head (Ene:—BATAVIA. BRANCH-Bandjurmaría Bandoerg') Bombay,

Calcut, Chocibor, Dam, Djuk jakarta) The goo'), Jeddab, Kote, Habe Makassar, Medan, Padang

Penang Palombang, Pekalongan, Fontinas Rangoou, Bolterdata", Samaran

bangtal,

Bibal (Summer), Bagspora,

Scarabats, Sacrauts (Solo), Tepl, Tintjap aud. Weltevrodom.")

There slices have safe deposit boxes in lot, London Bankora:-National Provincial Bank Ltd.

forrespondants all over the world

Banking bias of every

Acer.ption transacted.

F. M. ELANAG

fieng Kory, 27th Way, He

Manager

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paris.

Subscribed Capital Ers. 72,000,000.00 Frs. 68,400,000.00 Paid-Up Capital. Reserve Funds ....Frs.102,000,000,00

BRANCHES:

Bangkok Hong Kong, Quinhon

Battambang Hue

Cantho Mengtze

Canton

Djibouti

Fort-Bayard

Haiphong Hankew

Hanoi

Saigon

Shanghai

Nam-Dinh

Singapore

Neumer

Thunden

Tientsin

Tourane

Pnom Penh Vinh

Pondicherry Yunnanfu . BANKERS:

IN FRANCE; Comptoir National

d'Escompte de Paris; Gredit Lyonnais;

Banque de Paris et des Pays-Bas;

Current Accounts opened and Mix ed Deposits received for 1 year of shorter periods at rates which will be quoted on application.

Manager.

have resulted, but for the scarcity of shares offering.

The market in the North has been disturbed file by the anxieties oc- casioned by the new political situu- tion in China. Prices gave way in

but some directions,

the tendency improved later on, rates in a few cases showing signs of recovery,

Bank-Hong Kong and Shanghai Banks show a further improvement over the week, the price having ad- vanced to $1,255, The London quo tation is slightly easier and stands $20,000,000 $130 (Middle).

Marine aredd 8,000,000

Fire Insurances. 4,000,000 Unions, coming again into deraand a bare market, have risen smart- 4,000,000 to a buying rate of $856 with

THE HO HONG BANK, LTD. (Established 1917.)

CAPITAL,

Authorised Esgued

Liabilities

of

on a

Tin has been moderately active and on the whole firmer, the price showing an advance of 21.10.0 for Cash and 17/6d for three months as compared with our last report. With a slightly. better demand for near delivery, the tendency has been for the contract, now $3.10.0 as contago to compared with

71

Leg

Shoulder

+

Saddle

g's Chitiings

£1.2.6 Inst week. Sales in re Best Laives' Head & Feet during the week amounted to 1,100 Mutton Chop tons; shipments thence ap, to the 19th inst; were 5,473 tons, and for the month are still estimated at $,500 tons. Premium on Straits and Banks Tin ure quoted at £3.10.0 and £12

£12 respectively, Consumers' demand both in this coun-1 try and on the Coricinent has been quiet again, and rather less conditions have been reported in the active USA. The market still presents a firm undertone, for consumption is well maintained in spite of the fact

at this season of the

2,219,000 business done at $359. Cantona eaning is generally, some 1

Paid-up Reserve

Shareholders Surplus

.HEAD OFFICES: SINGAPORE,

Branches, Agencies and Correspon dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOL,

Manager. Hong Kong, 15th May, 1929.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE:-Taipeh, Formosa. incorporated by Special Imperial

Charter, 1899.

J

Central link is

Du-Notes Laser Average amount

BLATCHES AND ACHACIEN

الفاظ

45,00,000

be placed at $650 and Hong Kong Fires fired up to $780.

Shipping.-Deals were made in Hong Kong, Cantor and Macao cao Steamboats at $25. "Shell" Trans- poets have receded at 98/-. Other stocks in this section are unchanged. Dacks, Wharves and Godowns-A fair

Kowloon Wharves quantity of were taken off the market at vari- Whampo 90s rates up to $141. Docks are quiet but steady at $32%. Transactions were effected in China Providenis at $4.65 and $4%. There bigera of Shanghai Docks at 11. 110 and New Engineerings at

are

TIs.

siz

Lands, Hotels and Buildings.--More activity was displayed in Hong Kong and Shanghai Hotels, and a large number of shares changed hands at 33.40 to $9 Hong Kong

Lands are in strong demand and there are buyers at $82. Humphreys Estates HIRVE hardened and are saleable at $144. Realtys are firmer at $8.

Public Utilities-Hong Kong Elec tries have steadily improved and were. dealt in to a fair extent up to $632. (Old) are slightly China Lights easier with sales made at si2.80. Hong Kong Trams were placed at the enhanced price of $18.30. +

Ferries are also strong with buyers. at $89.

| JAPAN: --Tokyo, Tokobanu, Kobe, Unudu. | FORMOSA ;-itīran,

Haruko plus Sakong, Sale, Shuchiku, T, Trine, Fathaal, Tocu, Hests, Taks.

Bunkow,

Anas. Foochow CHINA Singh,

pwater) Suukau

Socrabaya, OTHERS :-Bougong Singapore,

Natavia,

Secuits bombey Loudos, Now Yerk. Thiron,

LONDON BANKERS: Luadon County. Wsalminster and Parr's Bask.

S

The Bank has Correspondente in all the pin sipal Coal Centros throughout the world.

K. NAGURA,

HONG KONG BRANCH:

Das Your Road Central. Hong Kong, wth dsquary, 1929.

Established 1912.

Manager.

Head lice-Hong Kong.

Star

are en-

Oils and Mining-There quiries for Benguets at the improv ed quotation of $32. Langkats

THE BANK OF CA. TON, LTD. (Coinbined) have had a further rise to Tls. 15%. Tronohs are sought for at 21-

Miscellaneous. Green Island Cements (Combined) were realised again at $9.45 but closed much firm- er with buyers at 19,80, Hong Kong Ropes were bid up to $734. Tele- phones came to business at $7% ex the Interim divided of 10 cents just paid. Hong Kong Amusements are to be had at $25%. Watsons can be placed at $11.80

Authorned Ospatai (XB. Currency) ...$11,000,000 Pod Lip Lopital

DOKA, 200 iloware Fod

..... 150.000

BRANCUES:- Csatou, Enthal, Hankow,

Swatom

Heugwok, New York and Kao Faunis

LONDON BAKKERS --

The Lloyd's en Linted, Correspondents in all principal citier of the World.

Foreign adunge and banking business of very descnption transacted.

Sale Depait Daxon (varivus mixes) ní a punaty rental of 'from $5 sa' (st.

LOOK POONG SHAN,

Chief Manager. Hong Kong, 15th February, 1927.

THE BANK OF CHINA, 行銀國中

Credit Industriel et Commercial: So- (Specially Authorised by Presidential ciete Generale.

IN LONDON: The National Pre- vincial & Union Bank of England,

Ltd: Comptoir National d'Escompte

de Paris; Credit Lyonnais

IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- poration; Guaranty Trust Co. of New York.

on

Interest allowed Current Ac- counts and Fixed Deposits according to arrangements,"

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let

A. LECOT,

Maunger.

Hong Kong, 1st May, 1929.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve Fund Yea 108,500,000

Head OfficeYOKOHAMA,

Branches ant Agencies at:

Newchwing New York

Alexamleia

Batavia

Bombay

Buenos Ayres Calcutta Canton

Oɛaka Peking

Rangoon Rio de Janeiro Saigon

Dairen (Dalny)

San

Francisco

Changchun

Fengren (Mukden) Seattle

Hamburg

Hankow

Harbin

Hong Kong

Honolulu

Kai Yuen Karachi

Kobe Londor,

Los Angeles

Layons

Mazila

*Nagasari Negoye

Semarang Shanghai Shimonoseki Singapor

Soerabaya

Sydney Tokyo Tsinante Taingtau Ayladivostek

(Temporarily closed)

Tientsia

Brains

$1.

Feet Fry

#

Head

*

Heari

Th

+7

Kidneys

Liver

Leg

♫

Loin

25

Fat or Lard

Feet.

Heart

Kidneys

Liver

expected. Re- ports from America, where the indus Pork Chop trial position has suffered no material setback, are still optimistic, and in- dicate at least the maintenance of the active conditions which have prevailed in the tinplate and motor car indus- Sheep's Head tries, whilst on the Continent business may be expected to broaden once the question of Reparations more

the settled appearance and monetary outlook

Sucking Pigs, to order more definitely clears. At the same time, it seems un- Suet, Beet likely that production, though increas ing, will show that important expan- Veal sion which earlier in the year generally expected.

Options-Double £12.10.0. Single -£6.10.0.

assumes

1

PT

"

Mutton

was

25

Sausages

No. 1

Fish

鲛

Opening Closing Cash

£210.10.0. £210.10.0. Three months ..$214, 5.0. 2214. 0.0.) Barbel Turnover for the week 2,625 tons, Bream

Copper has steady, the advance

lo.

རཕྱ ཀྟེ ན ཥསྠཽ ནི མྦ

བ བ ཞེ

掛肚脚骨牌肉腸腦群什頭心腰骨脾團油脚心腰肝猪油油肉腸

#

Canton Fresh Water Ki

Copper Steady 2

ruled quiet and price. showing yan of Б/- for near de-Carp livery, whilst

price Catfish remains about unchanged as compared Codfish with last Friday. The market presents no fresh feature of importance, but Crabs

the

forward

the undertone remains firm, sellers Cuttle Fist showing some reserve. Demund on the Dab part of

bat there Dace of consumers is light. are indications of some improvement U.S.A., where reports are favourable Bele, Conger in this direction, particularly in the Dog Fish and, pointing to continuance of in- dustrial activity, infers the possibility that the price of Electrolytic will at least be

Frogs This would leava maintained, room for some advance in Standard, Garoupa where the price still rules appreciably Gudgeon below that of Electro,

Herrings

Options-Double £4. Single £2.

Cash

Three months

Fish #J

น

Fresh Water

Yellow-

Halibut

Opening Closing £74. 2.6. £74. 0.0.Labrus $74.15.0 74.11.3. Loach Turnover for the week, 1,830 tons. Lobsters

Lead Firaxer

Lead, though quiet, has been firmer, Mackerel Cotton Mills.--Ewos have been com

the price showing an advance of 26d Monk Fish paratively quiet after the display of

to 3/9d since last Friday. Reports Mullet previous week and strength of the

of the formation at a Lead Producers' Oysters were so

sold down

down to Tis. 20, but since

Association have no doubt imparted a Parrot Fish the negotiation of the Settlement the

More Parch market has recovered and buyers at Tle. 21. Shanghai Cottons (Old) at over, the Tls. 101, the new shares at Tls. 75 and Zoong Sings at 12% are nomingi at quotations.

Rubbers. The rubber market is firmer and the following are the lat- est cabled quotations received from Tls. 11.00 buyers

Shanghai

Mandate of the Republic of China Anglo-Javas

Anglo-Dutch

on the 22nd of November, 1917.) Batu Anams

Authorised Capital

Paid-up Capital Reserve Fund

$60,000,000.00 Chemers.

Consolidateda 18,278,800.00

3,629,425.24 Kroewarks

Repahs

HEAD OFFICE: PEKING..

میں

HONG KONG BRANCH: 4, Queen's Road Central. Branches and Sub-branches all over China and Correspondents in Europe. America and other parts of the world. Fondon Bankers: The Nations Provincial and Union Bank of Eng- land, Ltd

The Quaranty Trust Company of New York.

New York Bankers:-The Irving National Bank.

certain to the market Ma

is generally regarded as low and offers little Incentive to Pike sellers who during the greater part Plaice

of the week have maintained a rather Pomfret, White reserved attitude, Though demand on Pomfret, Black the part of consumers both in this.

in this Prawns country and on the Continent has been dull, yet consumption is fairly well Ray

maintained and should improve once Rock Fish the general situation clears and. con- Roach fidence is in a measure restored.

Options. Double £1.10.0. Single

5.90

1.10

»

2.15

£15.

4.35

3.35

180

1.80

August

1.70

5.30

Tanah Merahs Tehongs Ziangbes

10.75 Exchange-The T.T. rats on Lon- don to-day is 1/10% and on Shang- hai 85.

Forward Settlement Days,-October 9, November 26, and December 23, 1929.

STOCK EXCHANGE

DIVIDENDS

The Committee of the London Stock Exchange has passed a number of

September

October

November

Opening

Jalmon

Shark

Closing

Skate

£22.17.6. £22. 2,6. Shrimps £22.18.9. £23. 5.0. Snapper 423. 1.3. £28.5.0. Soles $23. 2.6. 423. 5.0.

Turnover for the week 3,050 tons.

Spelter's Advance

Terich Turbot

黃皂臆

牛羊仔仔

# # 「魚魚魚魚魚魚、沙魚鷄班無白甲花魚蝦魚魚魚蝦魚鮭芒魚魚蝦豬公魚鮪魚 娆槁城 蝴 黃鐵海淡黃田石白將黃馬龍茷芒濟絆鑭風花班白黑帆石崇馬沙瀟蝦立尤左 #

- DE

「魚魚魚魚

Spelter, though irregular, has been Tarties, small, fr. water

on the whole firmar, the price showing an advance of 6/4 to 673d as com- pared with our last report. In spite of the quiet conditions which have pre- vailed, the

market

has

presented

12.

rather firmer appearance, although the

石狗

COTTON MARKET

TEXAS DROUGHT

INDIA AND WAGES

บ

རྒྱུ

·

9999956. N23**NESSA⠀: JB÷88 8 7 9 7 3 2 2 8 8 8 9 AAN Z !

འ ཀྐ་སྐུ་རྨ་ཆ ་མ i རྨ མ ཇ ཆ རྨ སྐ ཆ ཇ ཇ་ཀ་ཆ་ཇ ཐཱ ཋ སཾ 'སྐ ཆ ཆ ཎ

"

27

* 2P8998A

18588

ERZIRONDACK 2228298:98*88**Z*98*22****

USA9-a

te leraa

Coconuts

Lemons, China

Vegetables, &c.

Articnckes - -

BeaL, Sprout

Long

鴉悲

each

lb

Cabbage, Chinese

(Shanghai)

Cane Shoots, bunch.. Cauliflower (Large)

(Medium) E (Small)

Carry Stuff, English.

fr ##

Horseradish, Shanghai

སྦོན རི ན མ ༦ ཚ་ ར་

6

6

24.

19.899-190000131012199000

16

6

46 · 16

24

20 16

12 10

Beet Root.......... Bitter Squash Brinjals, Green

Red

15. 27

12

椰

16 17

23 26

·大鄉榮花

each

16 27

52 28.

16

細椰菜花

20 20

Carrots

Ib

6.

10

8

Celery, Chinese

##

10

16

Chillies, Dried

25

10

18

Red

26

10

*-16

26

30

Green

青花椒

.8. - 12

25

8"

40 30

Cucur bers

2

18

Garlic..

€

19

23

Ginger, Young

14

7

18

15

Old

10

32

18

8

24

Indian Corn...

.62

32

21

Lettuce

14

20

20

Water Chestants

53

18

2

Mandarin.

12

2

45

14

9

Okroes

14

20 15

8

16

Green

6

15

26

29

"

Shanghai

上海頭

6

36

30

Parsley

25

60

32

36

46

Potato, Sweet

10

14

"1

Japanese

日本薯

10.

14-

American

金山署仔

28

18

18

Pumpkin

5

35

10.

Radish

46

86

30

Rhubarb (Fresh)

10

Shallots

10

10

Spinach

•

52

32

30

Tomatoes

̇紅薯猪仔 大榮 千蓉蝦 榮 番茄

-6

26

35

Tarcs

6 7

40

28

6

.4

$4

22

18

Vegetable Macrov.

西洋菜

6

38

18 12

Water Cress

8

02

40

Water Lily Rost

#

16

34

Mushrooms, Frash

Onions, Bombas

Turnips, Punti (Long).03.

enquiry, and there have been Indiea- tions that a larger trade will be done in the near future for that outlet Bombay and Calcutta offered for light bleaching styles, which in some enses resulted in business,

whilst dyed and fancy goods were in general demand for the up country sources. The China situation tends to improve and lager sales in dyed goods took place at the Dress Cloths

auctions in Shanghal.

Java and the Straits, however, have not been particularly active, fur al though some enquiries have been dealt with, the will to buy has been lacking South America has taken some small lots of dress cloths and pophas, whilst the Near Eastern outlets have also ocen interested in speciality styles. A fairly steady turnover has been ex- perienced for the Colonies in fancies, and Home trade demand has proved quite satisfactory.

pre-

leagues have done so much,

It is hoped that mors canning factories will shortly be erected, for, who officially as Mr. Noel Buxton, opened the Wisbeach factory point- ed out, enormous quantities of sur plus fruit and vegetables are at seat wasted simply because they far surpass the wants of the population

At the times there is a glut in the market and fruit is often left to rot on the trees as it will not pay for the labour of picking. Fish is pro- duced by the seas of Great Britain in great abundance, and of a quality unsurpassed anywhere in the world and is sometimes used as manure owing to a glut. British agriculture. and fisheries

to derive cannot fail great benefit from new canning fac Lories, and there would appear to be no reason why the finished products should not be exported. The Nether lands East Indies consume largo quantities of tinned foodstuffs and Great Britain should be able to com- pete as regards quality and price.

ing in the The incidence of canning tinplate industry is so obvious as to nced no comment.

The success

of Sir. Edgar Jones fort on behalf of the caning industry will thus auto.

during the short harvesting periods.

small rise which has taken place can CROP ESTIMATES REDUCED BY scarcely be ascribed to any improve ment in demand m. the part of con- The Equitable Trust Company of SELLER'S RESPONSIBILITY FOR sumers, which in this country remains New York.

very dull, but rather to a certain re- Interest allowed on Current Ac-

serve shown by sellers who And little Mesars. James F. Hatton & Co., Ltd, counts and Fixed Deposits. Terma on

attraction in effecting sales at application.

Every description of Banking Busi-amendments to the rules and regula-

prices, which are generally considered Manchester, in their weekly market report, for August 28, stale: Now low. On the Continent, conditions re-that the disputo on the wages question Ress transacted.

tions, subject to confirmation.

main very much the same, the position between operatives and employers has Loans granted on approved secur- -Rule 120 (3) has been altered to there showing little or no improve-been settled, conditions have returned itles.

read as follows:-.

ment, but selling pressure has to some to a more normal state this week Special facilities for Hume Ex- change.

"120 (3) The seller is responsible extent been relaxed, no doubt in an- The decision of the Arbitration Board for sath dividends as may be due to p for

ticipation that trade demand is due which sat in Manchester was published SKOU J. CHEN, the buyer unless an unreasonable for some revival, and further in the last Friday, and resulted in a proposal

Manager. time has been taken by the trans belief that the curtailment of

product tion now in force. most shortly befor a reduction in water &

in wages of 6.41

11" per Thle is considered to be a fair The sent

to both parties and should settlement to

whole. Values have shown no marked fluctua- Singleton during the week, and on the whole the market has remained very steady, Ovening Closing Prices will for some time no doubt August

$26 1.3 £25. 1.3. continue to be affected by weather re- September:

£24.17.0. £25. 2.0 ports from the growing areas. Owing October November

SZE 1.3. 25.5.0. to the prolonged drought in the Texas £25. 2.6. 125. 7.6.

there is region,

"a decided tendency to Turnover for the week, 2,500 tons, reduce crop estimates in the produc

tion advices coming to hand from the enthusiastic reference was made tomatically benefit the timplate, manu-

In a recent article in "The Times," States, but these are as yet not sub- stantial enough to

to have a bullish efect values

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE,

Authorised Capital

Subscribed Capital Paid-up Capital

15, Oncoburch Street, London, E10.3.

...£3,000,000 1,800,000 1,050,000 Reserve Fund and Rest 1,612,047

ANDRE BANKEBS.

The Bank of England. *. Midland Backy

Eu gost. Howma

•Balarin-Jpple_

Bombay Bandy--

Calcite Karachi

BRANOMES:

Collombo Kota Bharu

Delhi als Lumpur...

Now York

Pork Louis (Mauritius). Rangoon Shanghai BL3

Hong Kong Kadra Soursby

Interest · allowed Current Ac

HONG KONG, BRANCH"

counts

Galle Kuantan (Pahang), Singapore

to have an effect on prices. market in the U.S.A.

feree to execute and lodge the docu- ments for registration or there has been unreasonable

Other changes have been made in Options-Double £1.10.0. Rule 152, which previously, read as

16/ follows: The issuer of a ficket who shall allow two business. days to elapse without buying in or

securities pass to buy in

releases his seller mg by from any loss in consequence of the declaration of any member as a de- faulter unless he shall have waived such right at the request,

the dividend delay in claiming and the price unchanet materially assist the trade as a

attem delivery roles

the consent of his seller. Yo

SILK SHIPMENT

Silk forwarded from here by the

The rule as altered reads as "Empress of Asia on September

152

on

Piece Goods Trade

During the week more enquiry has

lows

(1) The issuer of a strip arrived in New York St John's been met with in piece goods, and al- ticket ho

who shall allow two business Park) on September 25, having been though many of the bids have been on days to elapse without buying in or

21 days in transit attempting to buy in Securities pasa

ing by delivery shall release his sellX.

TINPLATE TRADE

PROGRESS OF THE CANNING INDUSTRY

a new and growing industry in Great Britain, namely that of can- ning food, and to the progress made by the National Food Cenning Coun efl, which held its third annual meet ing recently.

too low a basis an, encouraging trade On the second day of the conven has been done. Traders have, however, tion, many members of the Counc in some instances preferred to hold attended the opening of the new pen- alool until the findings of the Arbitra canning factory at Wisbrach, erect-

Every dentition of Banking and Mashanger from all liability in respect of the sible to such issuer for the delivery on Board were made known, as it ed by a British pioneer canning Deposits received for fixed periods INTERVST illowed on Curent and non-delivery of the securities, unless of the Securities af rates to be obtained on spplication Fixed Deports ad Babes that may be pertained he shall have waived his right to buy (2) The liability of users and was rather difficult to arrange transform. The Chairman of the Council,

ing in at the request or with the von holders of scrip tickets is not affect actions with any certainty in view of Sir Edgar Jones, is to be con sent of his seller, and the holder of fed by the fact that intermediaries the possibility of a complicated wages gratulated on the development of the the ticket shall alone remain respon have been released by lapse of time." war. India has put forward a fair enterprise for which he and his col-

HMORL

Manager,

C. L. C. BANDES,

Hong Kong1th September 1929, Hong Lotte Hy April, 1990,

facturer.

Drive a Trusty "TRIUMPH"

the Motor that bever fails you