1924-11-21 — Page 3

Page

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel Contrai 335, -

66

SOLE AGENTS FOR

'PUDLO "

Makes Coment Waterproof

**

'FEUSOL

The Immovable Fire ement

1, Queen's Building.

THE HONGKONG DAILY PRESS, FRIDAY, NOVEMBER 21st,

QUEEN'S THEATRE.

THURSDAY to MONDAY, Nov. 20th to 24th,

at 5.15 & 9.15 p.m.

METRO PICTURES CORP.

PRESENT

"THE MUTINY OF THE ELSINORE

Jack London's Thrilling Sea Story.

-

ALSO

BUSTER KEATON

IN

"THE GOAT.”

His Latest and Funniest Comedy. AT ORDINARY PRICES.

"

Thurs... to Wed. (One Week) Nov. 20th to 26th,

at 239 & 7.15 p.m. -

SHANGHAI PHOTOPLAY CO.

'RESENT

"THE YOUNGER BROTHER

A Big Chinese Superproduction in Nipe Parts.

XMAS CIGARS

TO SEND HOME

THIS IS THE MONTH TO POST YOUR XMAS PRESENTS HOME. WE SUPPLY THE BEST BRANDS

OF CIGARS AND PAY THE DUTY.

A GOOD CIGAR-THE EVER WELCOME GIFT.

ABAQUERIA KILIPINA

LEADING TOBACCONISTS, OPPOSITE QUEEN'S THEATRE

BEAUTY CONTEST.

FOR

PARTICULARS APPLY

THE HONGKONG STUDIO,

ART PHOTOGRAPHERS, 64, QUEEN'S ROAD C..-

CALVERT'S SOFT SOAP

Louel dialers zali ít.

Maker:

7. C. CALVERT & CO.“

Maschestor, England.

WHERE insects can--and do—give

so much annoyance, keep at the bath side, ready to use with your sponge, a jar of

Calverts

CARBOLIC

SOFT SOAP

Only a very light father should be used, for the profaction against mosquitoes and other pests Insis long after the soap has been washed off. It contains 10% genuite Carbolic, the most effective destroyer of insect life, and "preventive of infectious diseases. For sanitary house-cleaning purposes, too, it is excellent—and economical: useful for horses, cattle and dogs.

مدند .

L

MERCHANTS AND BUSINESS "CONDITIONS IN POOCHOW,

FROM THE CHINESE ECONOMIC BULLETIN," }

Foochow capital of Fukien province, is one of the busy commercial ports in South China. It is situated on the Min River, baving an extensive hinterland to serve. The chief exports of the port are tea. timber. lacquer aware, paper m brellas and bamboo shoots, while the imports are four, rice, sugar, cloth, kero seae oil, and metal ware.. Owing to the mountainous nature of the province, traf Ae between Foochow and the hinterland is doue chiefly by junks and sampans on the mountain strennis. Large scale busi- ness is generally transnoted through a broker or commission agent. Goods' in the hinterland for export are generally" moved to Fouchow by the producer, who sell them to the exporter through a com- mission agent.

..Obtainable at LANE CRAWFORD LTD Tabaqueria Filipina, Græco Egyptian Tobacco Store, and all high-cl.ss Tobacconists,

At 95 cents per tip of 50

SHANGHAI TRADE.

Messrs. Elbert "& Co.'s Piece Goods Market Report dated November 14th

says .—

Exporters of Fukien goods are not al- ways foreign firms, there being quite a number of Chinese merchants from other Coastal provinces, because a large per centage of Fukien goods are consumed in other provincts of Chian. The foge- tions of a commission agent are not con- saed merely to getting both parties to- gether to complete the deal. He is to see the contract between the parties con- cerned faithfully executed. In the case of any default or bad faith on either side, he is held responsible.. The rate of com mission charged by the commission agent varies from 2 to a per cent. Some of the exporting firms occasionally send an agent of their own to the interior to ex- port goods and some appoint as their agent resident merchant of the place where the goods are produced and to explain it. vance him money to collect the com- modity, thus dispensing with the services of the professional commission agent But in the latter case, it involves a cer tain amount of risk, because the agent to whoes the money is advanced gives us security against his failure to carry out the orders.

Most of the large scale transactions are done with ready money. When credit is employed, it is hardly extended to over 50 days.. Short credit is, however, en ployed in transactions between the whole salers and the retailers of the port. The accounts between the wholesaler and the retailer are settled twice monthly. If the retailer is unable to settle his account with the wholesaler on the monthly settle- ment days, it may be postponed to the Festival Settlement Days, that is, the Dragon Boat Festival, the Moon Festival, and the New Year Festival. Failure of settling accounts on festival days means the insolvency of the merchant.

from last week, there being still a sense We can report no change in the market of uneasiness throughout the whol of the country as to what may develop from the present political situation, which is. so complicated that it is futile to attempt

for trade, the native dealer finds it pos

Nevertheless, with his historic instinct sible to carry on a business of sorts and it is surprising under present, conditions to note that clearances altogether bad and that in several cases the auction goods were actively competed for, though on the whole the tendency was not very robust.

дре not

The native money market continues stringent and the Baaks are acting extremely cautiously in the mattor of credits to dealers, which indicates that although organized warfare is at an end there is still a considerable lack of coo- fidence in business circles as to the imme- diate political future.

THE COTTON "MARKET.

Messrs. A. E. Rosenfeld and Son's Ino Weekly Cotton Market Report say:

China Cotton.-The market has had rather a more active appearance during the past week and a further advance of ally due to the about Tls. 1,75 has taken place. Americans. The movement was rendered

Grmcess of vi

Formerly, when a merchant became in solvent, his creditors were at liberty to seize and dispose of whatever remained in his possession, but now the claimants vigorous by the covering of shorts, together with the continued small move- must go to law to ask for official inter- ment of commitments from the interior. vention. Fukien merchants seldom resort mar

marts and a good demand from local to the latter action. however. When a ni

spinners and exporters. The demand inerchant becomes insolvent, he, generally for spots continues good, with indications through the good offices of a third party, that receipts will continue to be freely Laakes an understanding with his credi- absorbed, at least until forward engage tors to settle his liabilities at a certain ments have been satisfied. "discount" that is, to meet the claims of his creditors by paying only certain percentage of what is due. If such an understanding can be reached, the insol save himself from vent merchant can being branded as a "bankrupt," and, if possible, can make a new start in busi- ness without the fear of being pressed kow and Newchwang, and over 3,000 bales for payment by his former creditors. direct booking with Milla has been This is a common practice which Foo-recorded.

chow merchants use in settling cases of insolvency. If the case is too complicated to be settled in this manner, it is generally referred to the Chamber of Commerce for arbitration. Foochow mer- chants very seldom go to law for the settlement of such cases.

The Foochow Chamber of Commerce is at Shang Hang Chieb, Naatai, a busi- ness section of the city. Shops and stores have the free choice of registering them-, selves with the Chamber as its members. Business establishments so registered are classified into four grades according to their business scope. A first grade in- stitution has to pay an annual member- ship fee of $24; a second grade establish- ment, 318; a third grade oue, $19; and a fourth grade one, 38. Most of the small shops, and those newly opened, are not members of the Chamber, because they prefer to be let alone. To be a member of the Chamber, a merchant is entitled to certain privileges but at the same time ho also has obligations. if the local officials or military leaders levy a compul sory loan on the city, the Chamber of Commerce is called upon to see the fands raised, nud in that case each member of the Chamber must come in for a abare of the financial burden.

Business establishments in Foochow, is a rule, are not very well financed." Be- tween 70 and 80 per cent. of them are financed by individual capitalists. Some of the shops are founded on partnership. Usually there are only two or three part pers in each organisation. The joint stock company is a novelty to Foochow merchants. In carrying on business, Foochow merchante dépend more on their credit than on the amount of capital in their hands. If a merchant, has good credit he can obtain loups from the native baukera quite freely. For such loans no guarantee, or security is needed. But such undue expansion of credit often leads to business disaster.

Yarn. The yarn, market has been quite firm during the past week, prices advan cing four to five tacls from last week's level. In all some 9,000 to 10,000 bales in all counts have been booked for ex- port to Szechwan, Swatow, Tientsin, Kianger, Wuhu, Ningpo, Fukien. Han-,

HONGKONG SHARE MARKET. CLOSING QUOTATIONS

NOTISZA 20TH, 1924. Hongkong and Shanghai

$1,170 b.

725 b. $262 b. $660 b.

Banks Canton Insurances: ..... "Unice Insurances.*****

Hongkong Fire Insurances Douglas Steamships............60 5. H.K, U. & M. Steamboats...$36 nom. "Star Ferrics..

Chite Sugar... Langkats (Combined) Kowloon Wharves Whampes Doc

Dock Shanghai Docks Bangkew

harree...

Now Engineerings. Hongkong Land...

$1178.

195

35 пот.

*****Tls. 191 nora. 3207 b

b. $207/207

153 b. Ts. 97 com.

The 195 b.

Ti

Ts. 6,60 b.

$107) nom

$231.

Hongkong Hotels (old) $19) nom., (new) $19 a.

pher Estates

Sharon Mills.

T. 11 Cottons (old)......57) nom.

..TL. 4b.

$24. &

Orientais Cementa Hongkong Bopes (combined) 460 nom. China Providenta ...(old) $17) n, (new) $ € b. Dairy Fam

$247 b. 825 b. (old) $32 (now) $13 nóm.

Watson.........

Hongkong Electrics Chias Lights Hongkong Trains

45 b. Peak Tramway... (old) $28 nom., (new) $11) b. "Shell." Transports ............................. 84/8 b.

b-buyers; i-sellers; sa—iales.

HONEST LONDON.

Tobacconists who have installed auto- matic machines for selling sigarettes aro sceptical as to the supposed "innate bon- esty of the Londoner, for they commonly find depreciated or spurious coins used Each of the big shops in Foochow maist of loss arise, as when the machine, by instead of shillings. Other possibilities tains, a staff of about 10 paid assistants in addition to half a dozen apprentices. being out of order, accepts shillings with The salary of each assistant varies from a out delivering goods. This recently, hap few dollars to 30 a month. Apprentices tobacconist found in the machine three pened in the St. Pancras arco, and the draw no salary but are given an allow coins (one of them bad) in excess of what ance at the end of every year. The small there should have been. Within five shops are generally staffed by the pro- minutes of opening, however, there were prietor and the members of his family three claimants of the coins, followed with one or two apprentices. The shops throughout the day by a stream of the are kept open all day from 6 s.m. to late observant, who had watched the dis in the evening and all the year round with appointment of would-be clients the night the exception of a few days during the before, and all claimed in have been New Year Festival:

Victimised-Ez.

1924

Only for Connoisseurs

Of course, sir, tastes differ. Some people have judgment and others have none. But I've more respect, sir, for the man who smokes always an inferior cigarette than the man who smokes good ones one day and just anything the next. Yes, sir, I can say it posi tively hurts to hand Kensitas to such smokers. Kensitas were not intended för such poor judges because Kensitas are too good to waste. No, sir, they were made for you

and all good judges of good cigar-

ettes.

"Jenkyn

Manufacturera: J. WIX & SONS - LAG: 17464 PICCADILLY-LONDON-W.x› ENG. Wholesale only: DONNELLY & WHYTE, Duichaters for Hongkong and South China.

* QUEEN'S BUILDINGS. Teleskops: Contras

Kensitas

the preferred cigarette

M. Y. SAN

PESSERTER CROICS SELECTED REST YOUNG STEM SINGER THIS SIDE UP WITH CARE MY.SAN & CA 12

MADE IN KOKO KONG “

& CO., LTD.

MANUFACTURERS

OF

BEST PRESERVED

STEM GINGER.

MADE IN SONG Kai

HEAD OFFICE No. 9 to 100 Queen's Road Central FACTORY: Canton Boad, Kowloom.

HONGKONG

BRANCHES AS: Manila, Singapore, Shanghai, Canton, China.

ELECTRIC

CLIFTS

FOR

WayGood-OTIS

PASSENGERS

AND

GOODS.

With All Latest Improvements.

FULL PARTICULARA AND QUOTATIONS FROM=-=-=-=-=-

-1

DODWELL & CO., LTD.

SOLE AGENTS.

SAN FRANCIES

The Convenient Route to Europe

SA

AIL from Manila to Seattle or San Francisco- cross America by rail and sail from New York

to Europe via the United States Lines. Investigate this new fast route to Europe today--special through rates. Through reservations.

+

UNITED STATES LINES Agents ADMIRAL ORIENTAL LINE 4 Des Voeux Rd, Hong Kong

PACIFIC MAIL_STEAMSHIP COMPANY Queens Building. Hong-Kong "AMERICAN EXPRESS COMPANY 4A Des Von Rd, Central Hong Kong THOS. COOK & SON, Des Voeur Rd, Hong Kong AGENCIES IN PRINCIPAL CITIES

Managing Operators for U. S. SHIPPING BOARD

PERFUMERY

Manufactured by BIGAUD, PARIS;-

AIRE

KÜBALSAMÁDO *

"MARY. GARDEN

*HORA GARITOSLAL"

"-DULJE MIA”

**LELAS- RIGAUD

RIGAUD

Obtainable from

VICENTE ATIENZA,

Ro., Kovicon. Til K. 155.

MAZOKAM