1926-04-28 — Page 3

Page

THE HONGKONG DAILY PRESS, WEDNESDAY, APRIL 28mm,

THE UNITED - ASBESTOS ORIENTAL AGENCY, LTD.

Tel: Central 286.

AGENTS FOR

2, Queen's Buildings

BRIGG'S BITUMINOUS ENAMELS & SOLUTIONS.

SOLE AGENTS FOR

UNION

17

ANTI-CORROSIVE and ANTI-FOULING

COMPOSITIONS

FOR SHIP'S_BOTTOMS.

ANCHOR BRAND

PURE MANILA

ROPE.

B9

*THE CORDAGE YOU

CAN TRUST."

́ESTABLISHED 1854

RUPES OF ALL SIZES FOR ALL PURPOSES

MARINE RUPE

TRANSMISSION

OF POWER BOPE

CABLE LAID

"HAWSERS

WELL DRILLING

CABLES

USTI

ROPE

FACTORY

MANILA

MADE FROM PURE MANTLA HEMP

MANUFACTURED

BY THE MOST MODERN

MACHINERY.

STOCKS ON HAND OF ALL SIZES) ENQUIRIES SOLICITED

FACTORIES-MANILA,

P.I

HONGKONG OFFICE:

KING'S RUILDING.

TELEPHONE

CENTRAL 3165.

A.P.8.

THE STAR

FRIDAY, APRIL

30th at 9.15

FOR 3 NIGHTS ONLY DICK NORTON

PRESENTS

THE NEW GLOBE TROTTERS

NEW NUMBERS

DIFFERENT PROGRAMME

PRICES

EACH NIGHT.

$3, $2

BOOKING AT MOUTRIE'S AND STAR.

ANNOUNCEMENT.

HONGKONG HOTEL.

CHINA'S FUTURE CUSTOMS TARIFF,

ITS BEARING ON AMERICAN

TRADE.

[ABLATIC NEWS SERVIČE)

HONGKONG STOCK EXCHANGE

CLOSING QUOTATIONS.

Hongkong Baak................

Aram 974, 1996.

$1,100 as.

Do., London..

Chartered Bank.......

MOM.

10 до

......£13) bay.

New Yoax, March 17th. Since China succeeded in obtaining Mercantile Bank, A. & B230 buy.

Do recognition of her demand for tariff

P.D.

Back. autonomy there has been considerable East Asia Bank. to what effect Chinese speculation as national tariff law, which goes into effect China Underwriters on January 1st, 1929, will have on Ameri- North China Insurance....... 145 nem.

The Powers re

can trade in the Orient.

presented at the Peking Customs Confer ence unanimously voted on Novetuber 19th, to give China unrestricted control of her tariff China, on her side, has agreed to abolish the kin, or special tax imposed on goods in inland transit.

Fifty per cent. of Chinese imports. ac cording to the United States Department of Commerce garest is made up of (1) foodstuffs unobtainable in China, (2) materials essential to any further develop ment of China's textile or cigarette indus. tries, and (3) products which China could not manufacture economically.

Canton Insurance .....

Shell

1

Union Insurance Yangtze Insurance ................. China Hongkong Fire Insurance Douglass...... H.K., & M. Steamboata Hougkong Tags

(Pro) Indo-Chines

Do, (Del.), Transporta Waterbosts.............. Oriental Navigations China Sugare Malabon Sugare. Benguet.*** Kalan

Mining Ad... Langkata (combined)

De

(angle) Shanghai Explorations. Shanghai Loans

Fire Tarurance

Twelve per cent. of the first category coasts of mineral oil products, chiefly. American kerosene; another twelve cent, consists of cereals, included in which are American wheat and four four per. ceat. consists of" raw cotton from the Pozoravampat United States and India: and two per Ural Caspiana cent. chiefly of American tobacco..

In the second group four per cent. of

Tronah Mines

HK & K Wharfs.

H.K. & W. Docks Now! Shanghai Doole...

essential materials imported for industry Hagineering...

is represented by dyes and two per cent by machinery, the chief sources for bath being America and Germany.

The third category comprises China's five per cent imports of iron and steel manufactures and two per cent imports of paper-neither of which can as yet be economically produced in China. assured, therefore, that protective duties on these articles will not he imposed; and they, together with cigarettes and textiles. total seventy-eight per cent. of China's

imports.

It is

"There is every reason to believe, how. ever, that tarif autonomy will greatly affect the character of Chinese trade and that, instead of the low-gratle cotton cloth now imported, there will be an ever-in- creasing demand for machinery with which to develop the textile industry.

Furthermore, this growing textile in- dustry and industrialisation in China may furnish the nation with its own economic

savings, making her less and less depen-

dent on foreign capital.

HK. Hotels. Hongkong Lands Hongkong Realtya (c.p.).

Territoriali (fp). E Humphreys Estates.... Frinesa Bailding.... Rural Lands Ewo Cottons .... Orientals Shanghai Cottons (old)

У пот

$S6 nom.

$625 bay. $1.90 bay.

..$284 buy., 285 #1.

$39 nom.

Day.

£330 5,5630 bay 329 num. $26 sel.

344 nom. bay. 361 bug.

116 nom.

$26 nom,

$36 now.

..Sit bay.

45% buy...

Tla. 24F nom.

Tis. 12 buy. Tle.

116. of Dom, Th. 7 nom

15 nom.

55/- mom. B/-nom. $193 buy. $30 sol.

Ti 165 bay. Tla. 5.80 buy.

107 ba..

891 buy. 9:79 sa.

..364) nom.

..$6 nom.

.93

35 noma.

$15 noin.

$100 dom.

Do. (new)....... 27 bay...

Amusements Canton ices .......... Caments (combined);.. Do. (old) Bo. (10%). Chins Buses........... China Lights (combined)......20 nor

Do. (old) ..... Do. - (new). Ohiza Providents Constructions

Dairy Farms.. Der A Wing (Lp.) Hongkong Mlectrics Macas Electrica

H.K.

1926

A

QUEERS

SUPER

TO-DAY ONLY

CLASSIC OF THE SCREEN

IRENE RICH

IN

“MY WIFE

AND I"

BY

THE NOVEL FROM

HARRIET BEECHER STOWE

-AUTHOR OF UNCLE TOM'S CABIN.

THE STAR

TO-DAY ONLY

FLORENCE VIDOR

13

"WELCOME STRANGER."

THE WORLD

TO-DAY 5.15 & 9.15

MADGE BELLAMY

IN

"LORNA DOONE"

INVESTMENTS:

Glencalier

Foteli

Watsona

37

Tls. 10.80 bay.

...Th. 3.20 buy,

.Tls. 12 buy.

11 nom

пака,

154 buy.

$13 buy,

2

FL. 10 boy.

Electrics Sinceres Anglo-Jaras Uniors

WE BUY

Banks

$10 buy

311 nom.

..$6 nom.

$tu non.

$10 Rom.

$65 bay.

$40 nom

a.

ets; nom.

330 sal

310 sel

K (combined)

Do. (old) Do. (DOW). Hongkong Tramways Lane Crawfords..... Mackintoshs.... Peak Trams (old)

Do

From a purely economic standpoint Americans should welcome such a develop, ment, declares F. E. Elbridge, Chief of the Far Eastern Division of the United States Department of Commerce, in regent report. With it would come, we may confidently expect, greater demand from China for machinery, iron and steel products, automotive equipment, and rail way materials, while the decline in pirer goods imports wenld affert us but slightly. In other words, in at least fifty per cent. of China's present trade we would sinndrea to show an increase, whereas we could not lose in any decline in the remaining fifty Watsons Fold....... per cent. because our participation in it Wm. Powell...... is, and can be, only

insigni-

Singapore Tractions ficant. The only idation that can take place in China along economic lines is in these imported commodities in- which we participate in only the slightest. degree, while the economic transformation. of China resulting from such industrialisa- tion cannot help but create a wider market for our machinery and other goods."

EXCHANGE RATES. (BRITISH WIRELESS SERVICE]

$1

Paris Brussels

PUBLIC BAR 16," DES VŒUX ROAD CENTRAL (Adjoining old block destroyed by fire) WILL BE RE-OPENED on SATURDAY, 1st May, 1926. HOURS:-8 a.m. to 12 Midnight. USUAL SNACKS AT POPULAR PRICES,

THE HONGKONG & SHANGHAI HOTELS, LTD.

"They give me Horlick's

Children- from infancy-1 thrive on Horlicks- they like its pleasant flavour

Horlick's contains just those vital elements that are necessary to the growing child-wheat, milk and malted barley in a readily digested form

HORLICK'S MALTED MILK

In 4-sizes "of all Chorists & Stores

Amsterdam

Berlin Copenhagen Vienna Helsingfors

Lisbon

Buenos Aires

Shanghai

Hongkong

New York

Geneva Milan Stockholm Oslo -Prague

Madrid

Rio

Bombay.

Yokohama

Silver (spot)

Silver.(forward)

Ualted Asbestos

$5 sei.

$24.80 try. .810 mal." $21

$17 bay.

..47 bay. ..811 nom.

4 sel $20 noin.

..$12. buy.

giu nom $8 sel

buy-buyers sellers; lum;

rom-nomin

ENCH

China Lights Steamboats

Ayer Moleku

WE SELL

Providents Amusements

P. & O. Banks

Property negotiated and Mortgage arranged..

HONGKONG SMALL INVESTORS SHARE & REAL ESTATE CO.

10, Des Voeux Road,

TEL. 4630...

THE NAVY'S CHOICE

Coates

ORIGINAR

PLYMOUTH GIN

OBTAINABLE EVERYWHERE.

(195

410

OPENING ANNOUNCEMENT OF

THE HONGKONG HOTEL NEW RESTAURANT

16, DES VEUX ROAD, CENTRAL,

Recay, April 26th.

1451

1351

12.105

20.42

19.60

34.50

183

있

451

on SATURDAY,

2/101

2/21

4.863

95.18

120.05

18.18

22.52

1842

33.54

7

1/52

1/112

293

99 11/16

SAIGON EICE MARKET.

The Compagnie de Commerce et de Navigation d'Extreme-Orient of Saigon, in. their circular dated April 21st say:

There is nothing to report during this last fortnight, the demand from the Far East markets being practically nil.'

Our prices remain rather high owing to "firmness of paddy.

Business with Europe is still difficult on account of exchange fluctuations.

The total amount of rice exported from 1st January to 15th April, 1926, is! 400,000,378 tons "against 475,423,541 in 1925.

We quote to-day white Saigon_rice No 15% brokens round grain-Hong- kong 7.15 per picul of 134 lbs. f.o.b. Saigon £0.13.11 per cwt. f.o.b. Saigon; yen 8.60 per picul of 134 lbs. f.o.b. Saigon.

White Saigon rice No. 2 gifted, Japan quality-Hongkong $8.70 per picul of 134 lbs. fo.b. Saigon; 2013.2 per cwt: fo.b. Saigon; yen 8.15 per pical of 134. lbs. f.o.b, Saigon. For April-May ship- ment.

In their weekly bullion letter, dated March 17th, Messra, Samuel Montagu & Co., referring to silver, say:-The backwash of preceding operations does not suffice to stimulate the market to activity in face of the sluggish demand from the Far East and the continual pressure of fresh supplies.

1st May,

1926.

TIFFIN $1.00

From 12 to

2.30 p.m. DAILY

DINNER $1.25

From 6 p.m. to 9.30 p.m. DAILY

A LA CARTE MEALS AT ALL HOURS, POPULAR PRICES.

AFTERNOON TEA A SPECIALITY.

TICKETS FOR TIFFIN

At a Charge

of

$25.00 Per Book of 30 Coupons may

be obtained from 1st May, 1926.

THE HONGKONG AND SHANGHAI HOTELS, LTL.