1928-11-07 — Page 2

Page

Jonu HAIG & CO.LT/

During Kargs

MANCE, S

1918 LABEL

The Whisky of Quality

from the oldest distillers in the world

Haiq

426

THE FATHER OF ALL SCOTCH WHISKIES

SOLE AGENTS:

GANDE, PRICE & CO., LTD.,

HONG KONG

[183

DANGING TILL 1 A.M. BY SPECIAL PERMISSION. SATURDAY, NOVEMBER 10th.

CARNIVAL DINNER

DANSANT

AT

THE ST. FRANCIS HOTEL

Latest Music, Confetti, Balloons, Crackers, etc.,

and a Dinner that you will enjoy.

Make Your Reservations Early, Phone C. 5134. The

Great Breatheable Cure For COUGHS

& COLDS

WHEN YOU

Q3.all chemista

and medicine

dealers.

dissolve a handy Peps tablet in the mouth; the healing and germici dal fumes given off, are breathed into the throat and bronchials straight to the lungs. The Peps medicine thus directly reaches vital parts and heals all sore, inflamed membrane of the breathing tubes.

Peps soothe the throat, destroy infectious germs, and carry healing and strength to all the breathing organs. For coughs; colds, catarrh, sore throat, laryngitis, bronchitis, and asthma, Peps are invaluable.

Safeguard your lungs against danger ous chills by taking Peps regularly!,

THE HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 7th, 1928.

Money and Markets

JAPANESE LOAN IN AMERICA.

FAVOURABLE TERMS.

NEW YORK, October 28th. The Financial Commissioner, Mr. Juichi Tashima, of the Japanese Government stationed in New York, announced the completion of the negotiations with the National City Company for the flotation in the United States of a new issue of external gold debenture, bonds of the Oriental Development Gom. pany, Ltd., amounting to $19,000,000 for 30 years at 5 per cent.

The proceeds of the issue will be used to retire, bands equivalent to $11,591,230, and also for the interest unconditionally guaranteed by the Imperial Japanese Government.

Mr. Charles F, Mitchell, President

of the National City Company, con- firmed the announcement and said that the bonds would be offered for sale on Tuesday.

Terma Are Favourable. Mr. Tsushima' id: Despite the unfavourable time when the money rate is high here, the Oriental Development Company was enabled to issue bends on such favourable terms compared with several recent issues, because of the efforts of Mr. Charles F. Mitchell, President of the National City Com-

|

|

HONG KONG BUSINESS,

DEALINGS IN FOOD STUFFS.

Business done in Hong Kong on November, 6th in rice, sugar and other foodstuffs included the follow- ing transactiona:

Double star white Sian rice 324) bags at 87.33.

Green seal No. I white long rice) 492 bags at 0.88..

Red cargo rice 259 bags at 88.16. No. 2 broken white rice 300 bags at $5.34.

Red seal white glutinous rice 400 bags at $1.15.

Blue seal broken glutinous rive 107 bags at 80:43.

Green pearl white rice 128 bugs ati $847 20

Green seal No. 3 white rice 874 bags at S401.

Blue seal broken white rice 600 bags at $8.53.

Red send No. 1 broken white rice 378 bags at 0.23.

Black seal No. 2 broken white rice 105 bags at $6.01.

bags at $55.

.Smooth, fine powdered candy 500

No. 18 coarse powdered candy 200 bags at 87,05,"

bags at 87.55.

So. 21 coarse powdered candy 500

No. 4 coarse powdered candy 500 bags at 7.63.

packages at 8.

Swatow large persimmons: 130

Wuchow preserved dates 10 pack- ages at $40.

*

Green beans 200 bags at 87.

OVERSEA MARKET

REPORTS.

OCTOBER 27THL

Sugar!

pany as well as of the National City Bank. The interest rate on the bonds of the Oriental Development Java, Spo; ...13.7-16 guilders Company of 1023 was 8 per cent, Java, Jan, 13.7-16 guilders the term of the loan having been Java, Jan. 13 guilders 30 years, offered at 92, the investors London, Oct.118.742. — realizing 6.52 points, while this issue is at 5 per cent, the term being

New York Raw Cotton, 30 years, issued at 00, the investors Crack Double Extra, realizing 6.241 per cent..

Spot Extra, Spot December January April May

The syndicate banks will meet on Monday to make the final ar rangements. The bonds will be on sale on Tuesday.

on

"* Since

arrival here my October 18th, I did my best for the flotation of the loan but I must December thank Mr. Mitchell for the influence May he has exerted, and the sympathy Spot he has shown us."

[According to an official announce. ment by the Finance Office of the Spot Japanese Government, Mr.

Tau- shima in New York acted by request

..$5.32 .86.29

STAG'S HEAD.

BRITISH

LAGER BEER.

VERY LIGHT-NO PRESERVATIVES.

$19.50% per case

of

6 dozen pints

Or $3.50 per dozen including duty, delivered to your residence.

STOCKED BY

PRINCIPAL HOTELS, CLUBS & DEALERS

4

Distributors-GILMAN & CO., LTD.

$3.19 -.01

$5.20

.85.20

.85.20

Chicago Wheat.

81.18)

.81.251 + .$1.18

New York Rubber.

183 .18₤

London Rubber.

94d. 8:13-15d.

Shanghai Cotton Yarn.

164,9 taels 150. i taels

HONG KONG STOCK EXCHANGE.

January-March

of the Oriental Development. The Spot sale of the bonds is to take place January-March Kon October 30th. for which an under standing was already reached with

for

Egyptian Raw Cotton.

the National City Company. The October Finance Offee has also announced March that the terms of the loan of the Oriental Development Y14,000,000 would expire in Novem- October ber, this year, and for F. 10,000,000 January in 1931. For the issue of the bonds of that company and the interest payment, the company has already obtained the permission of the Gov. ernment]

JAPANESE TARIFF ON LUMBER.

INCREASED RATES.

36.01 talluris -.06 35.52 tallaris

.10

Wall Street. Steel

101- Anaconda 871 Shares dealt in.. 1,300,000 -2,000,000 New York Raw Cotton.

Spot

December

Highest

Lowest

January

March

May

An agreement has been made be tween the officials of Agriculture July

for

and Forestry Office and Finance

1

COUGHS COLOSA

BRONCHITIS

ONE PASTILE

25

REQUIRED

-~

SEF BOOK

FOR FULL DIRECTIONS

To preserve their full medicinal cffcacy under our per culiarolímatic vonilitions, every Pipa tablet is acferatily wrapped in preza #infoil" A handy little corkscrew ORG fis directions are inclosed with every bottle.

ASAU

TIES CARNES

Agentá-Verses, ́À. B. Monline & Ch., Ltd., 90. Box 246, Hong Kong.

Sole Agents :-

Drink.

more

.......19.80 +.90 ....10.34 +.22

...19.37

19.15

..10.32 +95

.10.28 +.21

...10.20 +.21 19.03.19

Bombay Raw Cotton,

Office for a higher tariff on lumber Broach, F.G. Apr.-May.. 353 - as follows:-By 15 per cent. on red Omra, F Dec.-Jan322 cedar; by 13 per cent, on white Bengal, FC Dec.-Jan......284

cedar; by 13 per cent. on American hemlock.

The increased tariff will be levied on Jumber imported in the course

of 1927-8 on a. f.o.b. basis.

October,

Yokohama" SUK. "

October 29th,

139.50

The Government experts to re- November ceive 1.0,606,000 more revenue in December 138.90 nually, it is roughly calculated by January...137.30 the Agriculture and Forestry Office, February.....137.00 138.20 on the basis of a 20 per cent, de- cline of import..

EXCHANGE BUSINESS IN HANKOW.

SLIGHT IMPROVEMENT.

HANKOW, October 20th...

Osaka Sugar,

October 29th.

Morning. Afternoon. October ... 11.95 November... 12.11 December.... 12.11 January Ferbuary

12.02 -.05 12.03 -.05

March

CLOSING QUOTATIONS,

NOYIMBES STE, 1909. A.K. Banks.............$1,340 sal

Do., Londonli, nom. Chartered Banks buy. Marcantile Banka, AB...234 nom.

Do.,

0...2143 hom

P. & 0. Banks

'zimda num. East Axis Banka

$772 bay. Canton Insurances.......$ta sel. Union Insurances...$302, bay, 365 sol

Ts. 160 bay. North Chins Ins Yangjaze InsuTENSIDE, C+ M. $30 nom China Underwriters....sel. China Fire Insurances....3275 buy. Hong Kong Fire And........... 800 801. Douglases

...So no.

..$1.60

H.K. Steamboats ...

H.K.

•1uge Indo-Chinas (Pre) bay.. Do. (Abe£.)...$74k buy. Shell Transporta il nom Waterboats..........bay.

Benguets

bay.

BUM.

.་

Kailan Mining Admi...71. buy. Lang kata (combined)......Tia. Ji nom. Morning. Afternoon.

Do. (single).Th. 5 nom. .139.40" 139.70.50 8'hai. Explorations.....Ts. 2.80 hay.

139.90.40 Shanghai Loans Tle. 3 buy. 140.40 +.50

$4.40 buy. 137.70. +80 Tronoh Mines17/8 noza

+1.10 B.K. & K. Wharf........$138, nom.

B.K. & W. Dock..........37 nom. China Providents

36.30 Hongkow.............Tle. 158. pom. Naw Engineerings Tis, 3 bay. Shanghai Dooks Is. 105 buy.

*****is. 11.60 buy, Ewo Cattons, Uriental Cottons.........Tia, 1.45 now. S'hai. Cottons (old)......Tla. 59 bay.

Do. (now). 32 buy. B.K. & S. Hotels....$9 buy., 9.10 sel. ELK. Lands..........$6) com. Shanghai Lands.......Th. 128 buy. Humphreys Estates.....$15.56 Dom. HK. Bcaltics ****** $8.85 som. H.X. Tramways...$21.70 bay, 211/80s. Peak Trains (old).........$13 buy.

Bo.

(LOW)........$6,80 nom. Star Ferries

167) nom. Uhina Lights (old).......$13.45 hny.

Do. (20).........$18,80 ́sm.”

-

Osaka Baw Cotton. Osaka-29th. Morning. Afternoon.

The exchange business here, which had been severely depressed, bas improved slightly of late, but it November 69.20

Asahi Beer nature.

it is refreshing and invigorating.

MITSUI BUSSAN KAISHA LTD. HONG KONG.

is still too early to say whether the December..... 61.40 improvement is of a

permanent January

61.30 February... 61.40 According to the latest official March investigation, the number of ex- April change-shops at present numbers

about 100, just about the same as

three years ago. Their capital

•

62.15 +.00

01.20 +40

61.36 +.75

81.25, +.65 01.35+.80

·01.45 +.80

***... 61,45

61.60. Osaka Rica. Danka 29th. Morning. Afternoon, ....... 20.10

three years ago averaged 40,000 taels, but now it is between 5,000 October and 10,000 yuan. None are connect November... 8.58 ed with the bunkers, which indicates December 9.90 the depression of banking business.

Do. (1928 Lus)...$13.20 buy. B.K. Electrica (old)......$52 sel,

Da, (now) ...$50) nom. Macao Electrion....$261 buy. Telephones..................... ...7.30 buy, can rights

Do.

**** 5.65 6.x rights Do. rights

*****... $3.30-10. 29.7819 Singapore Tractions... 12/ min

Uhina Buses sencaùmus

bay Do. (Predaji 1/3 buy, 19/8el. China Suva 21 D

29.90 +.05 29.50

-.13

Osaka Yarn Yarn Exchange. Osaka 29th. Morning. Afternoon.

The money handled by the ex- change arms averages, 10,000,000 yunus for 15 days, which comparca with 80,000,000-taols three years ago. November 210.00 The daily transactions totalled less Decembar 4.230.30 than 200,000 taels." Loans to mer. January...236.80 chants are limited to less than 1,000 February.234.40 yuan, with daily interest at 0.02 per | March: .......233.70 cent

April

:

234.50

•

230.80 +2.00 £38.00 +2.40.

Malabon Bugars pugn Canton Ices. nom. Demente (combined) ..............19.30 hom. Do. (old) ...........$8.30 nom, Do. (new).........$1.60 mal. £34.20 +2.70 H.K. Bopes (old) ............$7,60 xom. 233.30 +.BO

230.00 +2.60

Do (new)........$7.55 no

233.60 +2.10 (Continued as foot of next çojumu.)

i

EXCHANGE RATES. [BRITISH WIRELESS SERVICE]

Oslo

Rrany, November 5th.

Paris Geneva Milan

124. 13

23.20

92,60

18.19

Helsingfors Athedis

1921

375

Buenos Aires

47.15/32

New York

4.84.29/32

Amsterdam Stockholm

Vienna.... Madrid Bucharest

Bombay Brussels

Berlin

Copenhagen Prague Lishon

Rio

Yokohama

Shanghai

Hong Kong

Silver (spot)

Silver (forward)

12.09

18.14

34.475

30.065

8054

1/8.1/18

34.89

20.30

18.19

183

1078

5,29/32 1/11.1/10

2/7) 2/01

201 26.13/16

TO-MORROW TO SATURDAY.

DOUGLAS FAIRBANKS The Black PIRATE

AT THE

WORLD

United Anbestos.....$5 nom,

Dairy Farma „........... 122.00 bay,, 23) ́ mol Watsons

Der A Winge

Lass Orawfordis.....

Mackintosh

Binteres

Wm. Powalle

Amusements

..$14 bay.

$0,50 nom.

...$3.00 buy.

.820 nom. ..191 bay.

$3.65 buy.

H.E. Constructions......31 bay. B'que. Indus. G. Bonda...66% hay. HAK, Gort. Loans .....5% prom, 1516.

buy-buyers; mol-sollers; "sa-süles;

nom-nominal

Liverish

People Need Vichy Celestins

VICHT-CÉLESTINS is a natural -

orderl; which kalps the liver to function sormally. Its gently stimulating effect is welcomed in all cases of sluggisham. It clears the blood-stream from all impurities.

Vichy-Célestins a very pleasant to the taste, and may be taken at meala either alone or mixed with light wines or spirits...

The French Natural Mineral Water.

VICHY-CELESTINS

Obtainable at all Hotels, Clube, Chemists and Stores, or from the

Sole Agents:

The French Store

Beaconsfield Arcade.

HATS, GOWNS,

& NOVELTIES

"Felix.".

7, ICH HOUSE STREET,

Hoya Kone."

TEL. 0: 0294.