1925-02-14 — Page 3

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THE HONGKONG DAILY PRESS, SATURDAY, FEBRUARY 14TH, 1925

Foamite Firefoam

THE MOST EFFECTIVE FIRE EXTINGUISHER.

SOLE AGENTS FOR HONGKONG AND SOUTH CHINA:

THE UNITED ASBESTOS ORIENTAL AGENCY, LTD.

Tel Central 238.

2, Queen's Buildings.

QUEEN'S THEATRE.

TO-DAY, at-5.15 pm & 9.13 p.m.

SUNDAY, at 9.15 p.m. Only

マ

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Miss Tamara Baronelli

Classical and Oriental Dances

Mr. Jack Thomas Latest Songs and Dances

ALSO

George Walsh & Miriam Cooper

IN

"SERENADE"

A Romance of Old Spain.

SUNDAY, at 600 p.m.-"SERENADE.", 7 parts

FOUNDATIONS

PROMPT AND EFFICIENT SERVICE ENSURED BY ADOPTING THE "FRANKI" PILING SYSTEM-

AN EXAMPLE

CONTRACT No. 40

GODOWN STOREY'S HIGH) FOR THE CHINA PROVIDENT LOAN

& MORTGAGE CO, LTD., AT WEST POINT.

TOTAL WEIGHT ON FOUNDATIONS

FOUNDATIONS STARTED

FOUNDATIONS COMPLETED ..

12,000 Tons.

15th Oct., 1924.

15th Dec., 1924

(i. 52 Actual Working Days)

Ask for illustrated Booklet and full information, from the

HONGKONG ENGINEERING & CONSTRUCTION CO., LTD.

ST. GEORGE'S BUILDING, CHATER ROAD.

Telephone Central 4581 (Two Lines).

We have much pleasure in introducing

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B

HONGKONG SHARE MARKET.

Messrs. Benjamin & Potts in their weekly share report dated February 13th,

"

+

Since our last report of the och inst. there has been very little activity in the local market, and rates with few excep- tions have shown a tendency to weaken. Buyers of both investraent and specula, tive stocks are holding off hoping for lower prices.

Banks.Hongkong & Shanghai Banks were put through in the early part of the week at $1.25. but a strong demand for the shares lifted the price to $1,243. The market has, however, based off at the close to $1,220 buyers. Latest cabled ad →vices from London quote this stock

C148.10 (middle).

Marine and Fire Insuraner. Unions have further declined to $236. China Underwriters have again hardened and anles have been made at $3.30. China Fires at. $103 mark a further rise. Can- tore at 9733, and Hongkong Fires at $10 are nominial. Yangtazes are wanted at Bill.

Shipping. Star Ferries have made! further headway and there" are buyers at $80 ex rights and ex dividend after transactions at this rate Hoogkong. Canton and Macao Steambonts have re- ceded to 828. Tugs and Lighters aro wanted at $4.90. Douglas Steamships are unchanged at 838. Urion Waterboats at 817) continue neglected.

Refineries.-China Sugars were dealt in at the patart at $954, but close weak with sellers at $821, Malabons at $30 |have not inoved.

Oils and Mining. "Shell" Transports are enquired for at 93/6. Baube have jadyanged to $3.30. Kailana have fallen faway to 32 Langkats (Combiced) at

TIs continue. quiet.

Ek etric Companies-Hongkong Elec. tries have been the feature of the market with a further rise in the price of 8301. A fair amount of business was done in this stock, but the demand has since slackened. Hongkong Trams after sales at 854 have advanced to 833), China |Lights (Combited) have improved to

$27.11.

>>

Docks, Wharves and Godowna.-Hong- kong and Whampoa Docks have exper- ienced a strong set-back, and were sold at $145, bus there has been a slight covery at the close and buyers are offer ing $1454. Hongkong and Kowloon Wharves have further receded to $207. Hongkong Wharves are wanted in the North at Tla 910. A Seal dividend of T has just been declared. New Engineerings closed steady at Tls. 7.90. Shanghai Docks have spurted to Tls. 112 Lands, Hotris and Buildings Hong kong Lands are still on the weak sido and were done at $101 ex the final dividend of 84) just paid. Realtys have ensed to 82.30 and Territorials to 82.90

Humphreys Estates have declined lo $201 ex the dividend and bonas paid a the 7th. inst. Hongkong Hotels (Old) have further receded to 817 at which rate there are buyers, while the new shares can be placed at 817.10.

Cotton Mills-Ewas bave receded to Tls 12. A dividend of TIs. 0.23 has been declared. Shanghai Cotton (Old) have changed hands at Tis. 60 and the new at Tis. 33 Orientals at Tls. 4.20 can. tinue neglected,

Miscellaneous-Green Island Cements (Combined) after being offered at 8272 camo into strong demand and were sold up to $20, but the market has since eased to 8261. A final dividend of $1.40 ($1.23 on the old and 15 cents on the new) has been declared. Lane, Crawfords are in request at $19.10 after sales at $19.10. China Buses have advanced to Tis. 11. Taxicabs closed better at 831. There are buyers of Mackintosh's as 821 and Hong- Prak kong Developments at 70 cents. Trams (Old) are obtainable at 25 and the new at $101, while Wm. Powell's are to be had at $15. China Providents (Combined) at 8403, and Hongkong Ropes (Combined) at 258 are nominal. Dairy Farms are on offer at 8901,

Forward Settlement Days.-25th Febr uary (Tuesday): 24th March (Tuesday); and 28th April (Tuesday).

RESTORATION OF POUND.

"IT WILL MEAN STABILITY IN PLACE OF UNCERTAINTY.

The city editor of the London Daily Mail wrote last month:-

What will the restoration of the £ sterling to parity with the American dollar mean to this country? The re- cent rise of the £ the highest quota- censed to be the

revived this question although opinion varies as to rapidity with which the rest of the ladder will be scaled.

ABAQUERIA ILIPINAegged" (that

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It will mean that a

a £1 note, or a good British bill or cheque for £1, will be worth a gold sovereign all the world over for the first time since the war,

It will not mean that I will buy as much in gooda se before the war, be cause even when expressed in gold (as in the United

prices still show

AN

big risc. NBs, failing a rise of prices in the United States, it will tead to lower the British

of com modities that

have market

tton and and will tend to reduce

anch

as wheat, cotton,

huge aume we send across the Atlantic for our im- ports

of these, because the £ will repré- Bent so much more gold in the interna- tional market

leas

in have to

It will mean also that we shall pay for the dollars that we meet the instalments of principal

to

and interest on the buge debt we owe to the AmericaD Government, though if there is a pro- portionate fall in the British prices of the things we export, this relief will ha neutralised, because we shall still

have to provide the same quantity of goods as now,

"It will mcan exchange stability in place of the present uncertainty that disturbs our export and import trade

(Uglimited vi nešt Uglums),

JOSHUA

I.

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volume of uncovered paper money than before the war. This will promote con- fidence and stability at home and abroad. "

After parity has been established for a certain period, perhaps a year, Parlia ment will probably be called upon to decide how our supply of 21 and 10 notes is to be regulated. At present it Whether the restoration, of the E to is at the mercy of the Treasury, which parity with the dollar. ill mean the has kept it within bounds during the renewed circulation of gold coin in this past few years, partly at the expense country is doubtful. At prescet we of the Bank of England's note reserve. have not enough gold in the country to If Parliament decides that only a replace the whole of the £1 and 10s. specified shall be mount of 21 and 10s notes notes, and in reporting in August 1916, without cover (that is, the Cunliffe Currency Committee, whose without a corresponding amount of gold recommendations have formed the gen- reserve, either in the Treasury or at cral basis of the Treasury's currency the Bank), then we shall have returned policy, said that it did not contemplate to the gold basis for our money, though resumption of the internal circula andoubtedly with a much greater tion of gold wees

STAR THEATRE February 10th to 14th EDGAR WARWICK

has the honour to present

THE WORLD-RENOWNED LONDON STAR THE INIMITABLE

WISH WYNNE

in the Celebrated Character studie fab

have made her famous à

BERNARD KITCHEN

and a Pisno

ALFRED CUNNINGHAM The Eminent Baritone From the London Opera Hotise Alhambra, etc.

GWEN ADELER The Dainty Singer of Dainty Sang.

ZOE

In Characteristic. Dances,

HAROLD WALDEN

The popular Humonrons entertainer from the Palladium and Principal London Theatres and Concert Halls

Booking at MOUTRIES