1923-04-07 — Page 3

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THE HONGKONG DAILY PRESS,

THE FORD 1-ton TRUCK

The Low Price and Cheap Costs of Operation snd Maintenance.make the Ford 1-ton Truck the Cheapest Form of Commercial Transportation in China.

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REMOVAL.

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28th February, 1928.

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"THE DRAMA OF 1923 *."

IN CHINA.

GREAT MILITARY MOVEMENTS.

SATURDAY, APRIL 7TH, 1923,

HONGKONG WEEKLY SHARE

* REPORT. Messrs. Benjamin and Potta”, în their workly share report dated Hongkong,

A Military Correspondent of the Far April 6th, state:- Eastern Times (Peking) writes as follows-In spite of the week being curtailed on account of the Easter holidays a larga on the views of the political situation held business has been transacted and in many by the war lords:-

cases prices shews considerable advances. The principal feature has been the rapid rise in China Sugars and Kowloon Wharves, while there has been more demand for investment stocks at enhanced raica,

The market in the North for Cetton shares is more or less unchanged, hut both Shanghai Derks and Hungkew Wharves have risen appreciably,

The great military movements for the decision of the 1923 campaign have com menced. The grouping of the different forces can approximately be made out by comparing the extents of the contra dietary telegrams which

are apparently stly fabricated at the political contro themselves; but na we learnt during the

BANK.-Hongkong and Shanghai Banks World War that there is always a small have firmed up to a buying quotation of The quantity of truth in rumours, so now wo$1,010 and no sellers in evidence, are in a position to paint a general picture of the situation,

London price is £1M. 109. od. (middle).

DIT

MARING AND Fine Issurisers,Cantons General Wa Pei-fu holds the pivot of have had a sharp rs and are wanted at the whole situation, having under his the close at $810, Hongkong Fires have military power this pravines of Honan also strengthened and could be placed at. Unions have been bought at the and Hupeh. From the two provinces he $100. exerts strong military pressure ou all improved price of $211. North Chinas are neighbouring provinces with the posible asked, for at T 13s and China Fires exception of the well organized and peace at $110. Yungtszes at 80 have not fully administered province of Shazsi, | moyed, which can really be wanted as the model

SELINO. Douglas Steamships were of the future self-governing province, bookef at 852/53 and are wanted at the General W Pei-fi having secured his close at 855. Star Ferries have changed rear in the north by influencing his hands at $52. Hongkong Canton and nominal master General Tsao Kun, is now

Macao Steamboats have been dealt in at acting in two directions. His general

$30 Bra face is turned southwest. He holds back 738. Deferred Indos at his caste, and has first brought his right nominal

REFINERIES-China Sugars have been in wing on the move. The object is the rich province of Szechwan. The inde- strong demand and the price has ad

Malabons are enquired; pendent province of Szechwan is on the vanced to 9839. evy of being held from three sides, From for at $65. the north. Kausu and Shausi troops move

Docks, WHARVES AND GODOWNS.-Hong- in a general direction against the line Chengtu "and Chungking. From the kong and Kowloon Wharves have been in south, Kweichow troops move, The main strong request and a good many shares centre force, men taken from Hupeh and have been taken off the market at prices Honau, move along the Yangtze against varying from 8182 to $152 At the clase Shanghai Docka Chungking, the industrial and trade buyers prevail at $178. capital for the whole southwest of China. have firmed up to Tla 101. Hongkong. Parallel to this military action, to which and Whampoa Docks are asked for at General Hsino You-nas, Tuchun of Wu-316 after sales at $164. Hungkew chang is lending his active support, Wharves havo hardened and have been goes pressure on the somewhat neutral placed in the North up to Tls. 207). New Tachun, General Chao Heng-ti, in Chang- Enginearings have buyers at Tle. 7. sha, whose personal sympathies lead him

LANDS; HOTELS, ASE BUILDINGS.-Hong- and the Hunan people to the south, Human itself, bordering Szechwan and kong Lands were sold during the week at flanking every westward movement of Gen-8425/450, but have since lapsed to a Central eral Wa Poi-fu's troops along the Estates continue their upward movement

nominal quotation of 8420. Yangtze, is tactically and strategically of the utmost importance for the working and are wanted at the close at $450. out of General Wu, Pei-fu's" plans.

Humphreys Estates were negotiated to frined up some extent 'ni 823/235. but have since to $21) Hongkong Hotels (O) have been taken at 299 and the New shares at $20). Kowloon Lands have changed hands at 978 and continue in re quest Land Reclamations at $103 are! nominal.

Much the same can be said of the pro vince of Yunnan, ander General · Tang Chi-yao, which borders south Stechwan and whose northeastern peint rune vory close to Chengtu and the important city of Sifa,"

The first act of the great drama to be played in 1023 in China will therefore be, the subduing of the province of Szochwan. Should this plan of General Wu Poi-fu'n turn out a failure, then the Far East will hardly see any other campaign this year; but if, on the contrary, the ever-victorious general gets possession of the rich pro vince of Szechwan by defeating the not very well organized and equipped inde- pendent force of that province, we shall than have to face the next act of the great drama.

Qizs AND MINING, Langkats have fluctuated between Tls. 27/28), Kaliane are wanted at 50/-, Tronabs at 281 and Benguets at P.3. Raubs are offering at $7. Shell Transports at 80/8, and Uraj Caspians at 19/3 are nominal.

ELECTRIC COMPANIES.-Dals have been made in Hongkong Trams at 821.10/211. Hongkong Electrics (Old) after receding to 3271 are again frmer, with sales re- ported at 329 China Lights have been done a $122, while the New shares have lapsed to a nominal quotation of $121.

General Wu Pei-fu will then turn his face to the southeast, He will try to

COTTON MILLS.-Ewos are alightly casiez corner, with the forces at his disposal with sellers at Tla 15:10. Orientals are Dr. Sun Yat-sen at Caston. His army better and have been negotiated at Tla. 8. will march through Kweichow, through Shanghai Cottons are weak at Tie 112. Hunan, though Kians and through Pokies to mobilize Dr. Sun Yat-sen'

MISCELLANEOUS.-Sales have taken place at 8234. Dairy position in the two Kwang provinces. In of China Providents order to do this, General Wu Pei-fu must Farms have been sold at $25. Green first make sure of the attitude of the Island Cements fell away in the beginning province of Yunnan, his extreme right of the week to 8973, but at this rate a wing, and also of the attitude of Kiangau strong demand set in causing a rise in and Chekiang Everybody known that price to $281. Hongkong Ropes have been General Chi Hib-yuan, Tuli at Nanking is placed up to $41. Watsons have firmed rather independent in his political up to $17. Peak Trams (Old) have been opinion, and it is equally well-known that booked at $10 and there are more en General La Yung-hsiang at Hangchow inquiries at this rate. There are buyers of an adherent of Marshal Tuan Chi-jui, and Union Waterboats at 816h, Wm. Powella supporter of the Anfu cause. One may at 818, Canton Ices at 891 and Engineer any that the decision as regards this part ing Constructions at 84 Lane Craw- of the campaign, lies to-day more in the fords at 8203 and Steel Foundries at $193 hands of Nanking and Hangchow than in are nominal. those of General Wu Pei-Fu. What Lu FORWARD SETTLEMENT DAYS. 28th April Yung hsiang is going to do, everybody (Thursday), 3th May (Monday) and 26th knows. This able and honest man wants Jane (Tuesday), 1923. to keep bis rich, fertile and peaceful pro- vinee out of the struggle, so long as this is posible,

...

The

Summerizing, one may say that every. thing depends on Nanking. The southern capital will once more be the pivot in the great evolution na. it has already so often been in Chinese history. struggle that will follow the abstention or. participation of these two province, will be the same hopeless and endless guerilla war, whose destructive results have bren a general experience since the Revolution broke out in 1811. The end can never be the expected military domination of the south by the north, and General -Wu Pei-fu will not be the great victor whom his cutourage at Yoyang praise 'daily.

If, however, contrary to all expecta tions, the south and south-west of China be brought for a certain limited period under the military control of Loyang, then, of course, the new campaign against bia old for, General Chang Tso-lin, must follow in natural course. Till that time arrives, General Wu Pei-fn will try to neutralize the province of Chihli, to pro vent General Chang Te-lin's forces from breaking in and occupying. Peking, the great centre of administration. For this purpose General Wu Pei-fu is trying get the support of General Tsao Kun, and is also attempting to use his political influence and power with the President the Cabinet and Parliament and to hypnotize the Anfu group at Tientsin with Tuan Chi-jui na "their declared head

to

EXCHANGE-The TT. selling rate on London today is 2/4 and on Shanghai 733.

HONGKONG SHARE MARKET CLOSING QUOTATIONS.

APEL 6th, 1993. Hongkong and Shanghai

$1,040 b.

600&b

Banks

Canton Insurances..... Union Insurances.., Hongkong Fire Insurance. Douglas Steamships China Sugars "Langkate (Combined) Whampoa Docks Shanghai Docks

Hongkew Wharves

Hongkong Land....... Central Estates

Hongkong Hotels ...... Humphreys Estates .....

Ewo Cotton Mills Coments

China Providenta..

Dairy Farma

Watsons......

24153. 450 b.

65 b.

238 b. ...Fla 281 b.

$

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4.-buyers; a-sellers; sa-sales

General Wu Pei-fu's plans are very.com. prehensive and ambitious They are doomed to failure, as the people have awakened to the idea that pure militariam non-productive. The world, and China

The Irish rebels issued a proclamation, with the rest of it, is tired of endless fighting. The whole world, the Chinese on February 10th, in which they declare people no lars than any other, wants that "the war will go on until the Indo- peren, and the mutual development of pendence of our country is recognised by? pene fül relations

our enemies, foreign and domestic"

MITSUI BUSSAN KAISHA LTD.

HONGKONG,