1929-01-19 — Page 2

Page

A REAL DRINK

BOAR'S HEAD BRAND

GUINNESS'S

FOREIGN EXTRA

STOUT

A WORLD-WIDE REPUTATION

SOLE AGENTS:

GANDE, PRICE & CO., LTD.,

ST. GEORGE'S BUILDING, ICE HOUSE STEDET. Tel. Central No. 135.

BY APPOINTMENT.

Hong Kong.

General

Accident fire and Life

Assurance Corporation, Limited.

||

ESTABLISHED 1883.

HOUSEHOLDERS'

COMPREHENSIVE

POLICY

Insures the contents of your.

résidence against Burglary, Housebreaking, Larceny Theft (excluding theft by servants), Earthquake, Typhoon, Flood, Burst Water Pipes, and/or Tanks, Riots and Civil Commotion and extends to cover temporary residence in any inha bited Dwelling House" or Hotel in Chipa. The cover may be extended to a country outside China by arrangement on application.

AGENTS:

J. H. BACKHOUSE, LTD. TEL. No. 1733,

Have a glass of ASAHI BEER

it cheers & invigorates

1A, CHATER ROAD.

Sole Agents:--|

MITSUI BUSSAN KAISHA LTD.

HONG KONG

THE HONG KONG DAILY PRESS, SATURDAY, JANUARY 19th, 1929.

Money and Markets

HONG KONG MARKET

REPORTS.

Red Lion

CHINA TRADE.

BRIGHT PROSPECTS FOR THIS YEAR.

HONG KONG STOCK

EXCHANGE.

CLOSING QUOTATIONE.

January 18TH, 19:39

FL.K. Bakı......... $1,852 #ol., 1,354 m.

Do London...148 nom. Chartered Banks buy. Mercantile Banks, & &8.......£34 nom.

Cel nom

DOM P. à 0. Banks

East Asia Banks $881 buy. Canton, Insurance ......1680 bay. Union Insurances $370 bay, 371 sa. North China Ine..........

160.bay:

Yangtase Insurances.............. bl. 350. nom. Ohins Underwriters.

ego bul

China Fire Insurancos..i.

3

bar.

Hong Kong Fire Ina....., 3785 nom. Douglaso

nom.

The belief is entertained in Mando-Chinae (Pref.) .....:50 bay..

Quotations at yesterday's local market for rice and sugar were, sa follows:-

Rice.

Green Lion

Per Picul $1.97 7.20

MORE OPTIMISTIC FEELING IN MANCHESTER."

White Bran

3.30

Green Dragon

6.68

Mui Laa Fan

Green Flower Vessel

5.06 7.79

Green Double Peach

Red Double. Peach.....

Green Seal White Bran

Brewer White

1.99 3.23 648

Green Seal No. 1 Broken

5.06

Black Seal Glutinous.

Green Seal White

•

Sugar.

"

ado

H..

Steamboat... HR TO

4nguni 1:40 nom, chester that the signing of the new

Do. (Del.) ......$00 nom. 7.68 tarif treaty between Great Britain Shell Transports .......

113 nom and China opens up the prospect Banguote...40 bay.

Union Waterbosta........

824 buy. of return to more active trading Kian Mining Admin....70/- buy. relations between the two coun- Langhata(combined).............. Ths. 1 if buy tries. This is particularly impor-s'ha Explorations ... 11. 2.93 buy.

Do (single)....That nom. tant to the Lancashire cotton trade, Shanghai Loans .........Tia, 8.10 buy. because China was her second-best! Banbe MOMENTIRANECONOM

*6:51 nom, c customer before the war, when she E. & E. Wha$1921 buy. ..17/6 nota. Tranch

8.40 8,43

Per Picul. 87.33

7.40 1.60

No. 18 coarse powdered No. 20 coarse powdered No. 4 coarse powdered

CANTON COTTON YARN MARKET.

took over 700,000,000 yards of cot-

ton piece goods, as compared with only a little over 100,000,000 yards last year.

Mr. W. Maxwell Reekie, chair-

I both Canton and Shanghai mat of the China section of the markets things were very quiet on

At Shanghai prices Manchester Chamber of Commerce, Thursday. again dropped half tael per balestated:- while at Canton there was a drop of $1.50 per bale.

Fer

مظلمت

E.K. & W. Dooks China Providents Hengku

New Engineering

Shanghai Dooks

Oriental Cottons Bhi Cottona (old)..

Ewo Lotions........

90% (iew),་,་ K. Hotels...

HK. Lands

..$40 buy.

..$5 buy, 51 sal

TL. 184 buy!

alis af nom.

Tis. 106 buy.

T. 220 sal

13.20 2012 T65 bay.

32 bay.

bay.

Shanghai Lande TL 165 bay.

Elumphreys Estater......81180 bay. BLK. Real... The

$9.30 buy.

"We have expected this for months. It ought to open up bet Quotations for cotton yara, oa Thursday at Canton were as folter relations with China.

principal thing about it is thas. it should clear away misunderstand. ings that exist in the minds of the Bale. Chinese. There have been anis understandings, perhaps on both sides, but these should now be re- moved. Matters should improve as soon as the Chinese are able to get their Government firmly in the saddle.

lows:-

No. 42 Five Sona

Fui Hee

8560

Butterly

No. 39. Pine Deer.

329 530 470

Tin Koon

Cheung Hee

464 460

No. 20 City of Gold

324

Globe

319

Good Harrest

314

Double Horse

308

Tin Koon

318

Double Elephant

319

Ng Fook

305

Tram Car

Man Clock

303 311

Shepherd

301

Three Stars

303

Fui Kwai

312

No.16 Globe

291

Fui Kwai

900

No. 19 City of Gold

279

Peacock

979

Fui Ewai

274

Tram Car

963

Aeroplane

978

Pretty Damsel

GAD

235

City of Gold

R

Peacock

254

244

204

902

| No. 10 Sailing Vessel

Lotus Bee

No. 8 Lion.....

No. 2 Lion

CANTON MARKET REPORTS. Quotations at Thursday's market at Canton for rice, sugar, dour and other foodstuffs were as follows:

Rice.

Ching Wo Fung Chung San Green O Tata Double Peach Red Lion Three Marks fireen Seal Red Seal

Elephant Elephant Red Seal No. 3 Blue Seal No. 2

Sugar.

Per

$10.00 8.75

9.34

Although there is no internal fighting going on, there are a good many armed forces atanding by waiting to see what will happen. They have not been disbanded. It is too soon to throw up our capa and say we are out of the wood, but everything is going on very quietly and nicely. There is cer-

EL Tramway....... 120 buy. 20 sel. Peak Trama (old).........$13 al.

Bo (new)... $8.90 nom. Obina Zagbis. Star Ferries

$121 BOL

H.K. Electrica (old)......$54 bay. &. (now)........$521 bay, & sa. Macao Electrics Bandakan Lights

$261 bay, Talophones (old)

Do.

пот.

$t bay. Uhins Buses viz......

(new)....

***Tia. lit buy.

buy. ...$6.90 bu Singapore Tractions......12/. nom.

(Pref.)...17/8 bay, 13/3 sel. China Sugars

80 cl. buy. Malabon Sugars, bay. Canton Icss3 Dom, Cementa (combined) $1.20 sal.

Da.

Do. (old) ......87.80 xom.. Lo. (now)......$1+ buy.

Do (now).........$6.85 bus

buy. United Asbestos Day

Fa Watsons

tainly more optimistic feeling.. Eoper (old) $5.90 bay. about, and as soon as we can get our costs of production down-that is the main trouble-we can look forward to an increasing trade with China."

Mr. Dodwell's Views.

To a Morning Post representa tive, who interviewed him follow

ing the announcement of the sign-

g of the new Sino-British Treaty

of Commerce, Mr. Stanley Dodwell,

nel.

$10.06 buy 13.80 mol.“

Der A Wing... Lane Crawfortis....... Mackintoshs,

Sineres ma

Wa. Powells.....

H.K. Amusements

80 ota, bay

$3.05 nom,

$20. nom. 191 bay.

$3.65 BDM.

Constructions.lt now,

'qus. Indus. G.Bonds... 68% buy,

iL interest.

of Messra. Dodwell and Co., of St... Govt. Loans.....4% prom, sel.

Mary Axe, said:

THE TYPEWRITER

that interested

H.M. THE KING

The

Imperial

“IMPERIAL". TYPEWRITER

Not only because it is

BRITISH

- but because it is

CHEAPER and BETTER

Every Firm interested in.

EFFICIENCY and ECONOMY

should call and Inspect this wonderful new machine for themselves.

Sole Agents:

T. E. GRIFFITH, LTD.

6, Queen's Road Central.

GAME

Tel. C. 3517.

[[ALPM]

A Fresh Shipment Just Received.

COCK PHEASANT.

HEN

SNIPE

$1.50 EACH

31.10.

.35

PIGEON

.40

som-nominal

TEAL DUCK

.50.

ROYAL

WILD DUCK .

*4*4 $1.00 SAME HIGH" QUALITY.

32

THE

"Trade with China has been buy-buyers; sel-sellers; an—sales; stagnant ever since the summer, as people have been waiting for the

are those approved by the THEATRE tarif treaty. The rates agreed International Powers at Peking in

They are moderate, and should not interfere with trade. The date of enforcement is Febru ary 1st in China. This is rather Picul. unfortunate, as it means that neighbouring Powers to China will be in a position ship many goods into the country before the begin- ning of the tariff, and as the average time to ship goods to China from this country is about" two months, we are placed at rather a disadvantage. A great deal of merchandise has, of course, been going out lately in anticipa-

9.75 9.90

9.68

9.39

9.03

9.10

9.235

9.90

MACDONA PLAYERS

SATURDAY, January 19th

FAREWELL PERFORMANCE

tion. I may say that we were all "MAN AND SUPERMAN"

Por frightened, that the rates would be Picui.excessive, but that has not proved Taels to be the case, and I am more than

No. 2 coarse powdered No. 3 coarse powdered No. 2 course powdered..... 7.90 No. 1 Granulated. No. 1 Fine Granulated Waichow. White

8.15 7.80

10.80

11.30 9.60

Per

Floux.

Bag,

Man-of-War

$4.03

Silver Seal

4.10

Cheung Luk

.4.15.

Maize

4.25"

Sword of Kwantai

4.50

Cannon

4.80

Cabbage

4.40

Dalton

4.08

Dog's Head

4.50

Per

Picul.

Groundnut:-

Taela.

$4.90

.Tientsin

Dairen

Kwangai Wood

Kwangsi. Tea Seed

24.75 20.50 $7.80 ****** 20.90

Honan

hopeful for the future, I am of the opinion on the whole that a bright time lies ahead for the China trade, but we must not for: get that a general election is ahead. of us, and if the Baldwin Goveru- nient were not to be returned to office we might see many of our present advantages wiped away, with disastrous' results."

PRESENT ASPECTS OF SILVER.

SHANGHAI STOCKS VERY LARGE.

Shanghai, January 15th:-If one

may judge by factors prevailing at present in China, the immediate future of silver is not bright. The stocks of silver in bank vaults at Shanghai are very large, uppro

CANTON STOCK EXCHANGE.ximating 85 million taels sycee and

CLOSING QUOTATIONS.

CANTON, Jan. 16th. Water Works........

82,90 Electric Power Co..... 5.08 Canton-Hankow Railways... 0.80 The Sun Co.

6.80

Sincere Company...

8.63

Nanyang Bros. Tob. Co.

4.30

Canton Tramways

2.70

China Merchant 8.8. Nav.

Co.

0.50

Central Bank

4.55

KON

HONG

bars, plus over 100 million misted dollars. The outflow of money to outporta remains very small" In

"

Booking at Moutrie's

[7297

INSURE

YOUR

MOTOR CARS

WITH

GILMAN'S

addition thereto, it must be noted OCEAN' COMPREHENSIVE

that further considerable quantities of bar silver have been shipped from the United States to Bhang- hai, since the opening of 1929 :-- $3,200,000 worth from San Francisco

3,000,000 worth from New York. 190,000 worth from London.

The price of the Shanghai silver dollar has declined further to Tie. 71.75, a quotation not seen since KONG LAND INVEST-17 are not inducive to minting, a August, 1926. Such prices natural-

MENT.“

FINAL DIVIDEND.

fact which is detrimental to the enhanced import of silver. During the week under review, there were some shipments of silver dollars to The Directors of the Hong Kong Tsingtao, where the dollar price, Land Investment and Agency Co., expressed in terms of the Shanghai | Ltd, have declared a final dividend tael ruled as high as 72.6, but, jo of $2 per share. This, with the order to impress our market, the interim dividend of $2 already demand from the North would have paid, maker 84 in all for the year to be more persistent.-N.-C. Daily 1928,

News,

POLICY.

(160

LONDON BUYING AGENTS]

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prices and bost disonata.

KEYMER, BUN & 00. Whitefzairs, London. Keyan, Londóri”, En, 184

Teleg.:

L

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