1929-01-26 — Page 2

Page

A REAL DRINK

BOARS HEAD BRAND

GUINNESS'S

FOREIGN EXTRA

THE HONG KONG DAILY PRESS, SATURDAY, JANUARY 26th, 1929.

Money and

HONG KONG MARKET

REPORTS..

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

Markets

DAIRY FARM, ICE & COLD STORAGE.

PROPOSED DIVIDEND.

-

THE HONG KONG SHARE -MARKETA

A DULL MARKET,

MESSRS BENJAMIN & POTTS

WEEKLY REPORT.

Messra Benjamin and Potts”. în their weekly share report issued yesterday state:-Since que, last report of the 18th January, we have had a rather dull and uninteresting market, with a very small business passing, and only slight variation in prices.

HK. and Shanghai Banks have

Subject to audit, the Directors of this Company will recommend the payment of $1.95 dividend. The net. Per Picul. the

amount brought forward) 87,34

amounted to $306.280. It is pro posed, after paying the above men tioned dividend, to place to general reserve $30,000 and carry forward 85,998,

profit for the year 1998 (including alightly receded and have been sold as 81,340. They are quoted in Los dos £147. (Middle);

Unions were realised again at

**.30

7.52

Rice.

Green Lion White Red Lion White.

Blue Lion White

Green Elephant.

Green O. Tau ....

754

Green Wo Fung

7.82

Red Leat

8.72

Green Double Peach

7.56

Red Chai Mi

7.58

HONG KONG REALITY & TRUST CO.

Black Seal Brewer

5,2%

Red Seal Broken

8.49

Per

Sugar.

Picul.

No. 20 coarse. powdered

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

7.30 2.45

Miscellaneous,

Per Picul

Red Tea.

$22.00

Hong Kong.

Red Molen Seeds Wood Oil

28.50

31.49

STOUT

A WORLD-WIDE REPUTATION

SOLE AGENTS:

GANDE, PRICE & CO., LTD.,

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

$7.83

PROPOSED DIVIDEND."

The balance at credit of profit and loss account of the above com- pany for the year ending December 31st, 1929, including the sum of $28,027 brought forward and after setting, axide $99,705 in respect of depreciation, amounted to $150,645.

After deducting the interim dividend (declared in October last and absorbing 360,000) a balance of $190,543 remains, which the Board CANTON MARKET REPORTS. of Directors will recommend at the forthcomng annual general meeting be apportioned as follows:-

Final dividend of 30 cents

per share

860,000 Transfer to general re- serve in order to bring. such reserve up $200,000

Quotations at Thursday's Can ten market for rice, sugar, Bour and other foodstuffs were as fot low:-

Green Elephant

Green Seal

Blue Seal

Black Seal

AT APPOINTMENT.

Red Seal

General

Accident Fire and Life.

Assurance Corporation, Limited.

ESTABLISHED 1885.

HOUSEHOLDERS” COMPREHENSIVE POLICY

Insures the contents of your

residence against Burglary,

4/

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 China. The cover may be extended. to a country outside China by arrangement on application.

AGENTS:

J. H. BACKHOUSE, LTD.

TZL. No. 1735.

Chai Mi

See Mui

Pak Hok......

to

י,

49,488

$120,545

SHANGHAI MARKET

REPORT.

STRONG DEMAND FOR PIECE GOODS.

„INTEREST FROM ABROAD IN PRODUCE.

Shanghai, January 18th:-Piece Goods continue in strong demand and at the Yuentong auction there was even a stronger tome all

Shampoo Yourself

through than Just week. The sale With Cuticura Soap

totalled 691 packages. The expected demand for Italians asserted itself and distinctly large orders from Cantons are enquired for at "local, Kiukiang, and Anking forced 3889), after transactions at 8685, prices up in quite a number of

$37).

Steamboata were a trille weaker with sales at 897.

"Deterred" Indos have lapsed to nominal quotation of 900. The Preferred shares have buyere at 830. Kowloon Wharves can be placed At 8733.

Practically no interest was evinced in Whampoa Docks which stand at a noxiant quotation of 840

China Providents are in steady demand at 85.05.

Hong Kong and Shanghai Hotale are wanted at 89, but there are no

shares offering under 892.

at 85

$8),

Hong Kong Lands have quietened down and are probably obtainable Realty's have bad transactions at Humphreys Estates have changed hands at 815.10.

Hong Kong Trams have had a slight recovery and were booked up to 8304.

Hong Kong Electrics negotiated to a fair extent at 854.

Star Ferries came to business it

11,607 the beginning of the week at 873

but close with sellers at this figure. China Lights are in request al 819 and sales have been made at $12.10/12.20.

The annual meeting will be held on Saturday, February 16th, at

поод

Bica.

Per Picul.

$ 9.23

Carry forward

·9.94

9.00

3.20

9.52

11.15

10.75

10.70

Red Seal Brewer

8.52

Glutinous Brewer

6.33

Red Pearl Brewer

6.50

Sugar.

Per

Pietil

Taels.

No. 2 coarse powdered

No. 3 coarse powdered

No. 20 coarse powdered

8.30 8.00 8.10

11.00

No. 1 Granulated ......... No. 1 Fine Granulated,..... 11:20 Wai Chow White 8.30 Refine White

9.20

Man-of-War

Tai Kut

Per Bag.

Flour.

Five Swallows

8441

4.30

Silver Seal

4.10

4.42

Maize

4.25

Cheung Luk

4.10

Banana

4.05

Cabbage

4.40

Савлод

.4.80 4.20

011,

Sword of Kwentai

Groundnut:-

Fang chí

Min How

Honan Tientsin Kwangsi "Wood Kwangsi Tea Seed

Por Pieui.

20.00 24.40 94,50 24.70 29,00

THE "STAR" FERRY CO., LIMITED.

1

PROPOSED. DIVIDEND.

The net profit of the above com- pany for the year ended December 31st, 1928. is. $377,601," which, to gether with 842,437 brought forward from the previous year, makes a total of $320,038 available for appro- priation

The Directors at the approaching meeting of shareholders. will recom- mend the following distribution:→

Dividend of's per share...$160,000 Bonus of $1.50 per share... 120,000 Carry forward............... 40,038 $320,038

な

BOOM IN CEMENT.

"

BIG DEMAND IN HONG KONG.

been

After being stagnant for some Taels. time, the cement market is enjoying another boom. This has brought about partly by the exten- sive building operations in Hong Kong and Kowloon and partly by the great demand from Canton and 19.60

the provinces in connection with road contruction.

CANTON COTTON YARN REPORTS.

MARKET DULL

Quotations in cotton yarn, "at Thursday's market were as follows:

No. 42 Five Sona

Butterfly

Cheung Hi

Por

Bale

8532

534

Cheung Hi

556

No. 39 Pine Deer

404

Tim Koon

458

465

No. 20 City of Gold

324

Good Harvest

314

1A, CEATZE ROAD,

Double Horse

314

Tín Koon

31D

Globe

318

Double Elephant

319

Ng Fook

998

Train-car

305

Man Clock

319

Shepherd

301

Three Stars

305

Fui Kwai

314

294

282

Have a glass of

ASAHI BEER

it cheers invigorates

No. 16 Globe-

Fui Kwai

No. 19 City of Gold

Peacock

Sole Agent:

MITSUI BUSSAN KAISHA LTD.

TONG KONG.

Fui Kwai

973

Tram-cars

967

Aeroplanes

ΣΤΟ

Pretty Damsel

· 289.

No. 10 Sailing Vessel

258

City of Gold Peacock

234

935

213

No. e Lion

200 197

Lotus Beeze

Lion No. 2

CANTON STOCK EXCHANGE.

QUOTATIONS FOR JANUARY: 25th.

Water Works...

$3.90 Electric Power and Light Co. 5.10

Canton-Hankow Railway.

The Sun Co.

Sincere Co.

Nanyang Bros. Tab. Co. Chinaerchanta

Co. Central Bank

0.50

7.30

9.85

The demand just nów is in excess of supply, and there are rumours that there is no available stock in the Colony while the output of several factories and the imports of various firms have been brought

instances and this in spite of very heary quantities

Venetians were a little firmer and velvets were quite well maintained. Greys,continue to climb and since the middle of November havo added 31 mace to the value then obtaining.

Whites again were very frm and Hankow and Tientsin. There was there was considerable demand from also an improvement noticed in the demand for Korean chops. Deli- veries are very good, particularly to Tintain and Hankow for White Shirtings and to lower Yangtze

ports for Blacks,

Anoint the scalp, especially spots of dandruff and itching, if any, with Cuticura Oint ment. Then shampoo with a suds of Cuticura Soap and] warm water, Rinse thorough ly. A healthy scalp usually means good hair.

Sample each Somp, Ointment and Talcum free upon request, trout Dayton, Prios & Company, Ltd., P.

P.O. Box 650, Shangha MLA Throughout the World.

CHINA PIECE-GOODS

TRADE,

BRITISH SHIPMENTS TO HONG KONG AND CHINA

The Board of Trade has decided to show British exports of cotton The Kangping Auction... - piece goods to Hong Kong separate- At the Kungping auction

oay from those to China, with Tuesday a decided enthusiasm was which they have hitherto been This will be COD- displayed in the bidding for Greys grouped. and Whites Several markets par throw B

venience to shippers, as it will ticipated, with Tientsin and Han-statistics. The piece goods yardage useful light upon the kow merchants particularly anxious

for supplies to fill actual Trade exported to Hong Kong in October orders. Prices appreciated on the and November of this year

follows:- the major portion are to be cleared average one to two per cent, but early China New Year.

Grey

Bleached. A few Blacks declined owing to Printed. lack of support from the near River Piece-dyed Union, Waterboats, with a divi- Ports and Venetians owed their Yarn-dyed dend of $1.50 pending, vere taken.į steadiness to support from specula- off the market at $24).

Telephones wore dealt in at 87. Singapore Tractions fetched 11/6, Dairy Farms coatiare very fat and are on offer at 8912.

Green Island Cementa (Combin- ed) have declined to a buying quotation of 89.43.

Ewon were put through as Tis. 13. Shanghai Cottons (Old) are asle able at Tls 637.

Hongkow Wharves have buyers at Tis. 164 and Shanghai Docks at Tia, 105,

RAW SILK.

MAIL REPORT FROM LIVERPOOL."

Mesara Pentreath & Co. have handed us the following letter from Messra, Hornby, Hemelryk & Co., Liverpool, of December 20th

Prices have continued to rule very steady during the week under review.

The American Silk Association reported that the deliveries to mills in November were 47,700 bales,

!

tors.

Totals

DS

October November

810,100 811.200 976,800 1,999,700

62,000 248,600

502,000 875,500

13,600 47,400

2,185,200 3,076,400.

It will be seen that there was an increase in November which it was important should be made known to the trade. The October total for China alone was 18,788,200 and that for November 25,308,800 8g. yds. The increase in bleached alone in

shipments

China 1,566,300 sq. yds.

Trade conditions continue much the same as reported last week, ex- cept perhaps that local values for Grays and Whites are firmer and small advances have been both asked and paid. There is already some talk of China New Year Settlement of accounts and we muat now expect a gradual diminution of trade de- the mand. A continued small forward inquiry for White Shirtings is found, but no inclination on the" part of dealers to indent in. Blacks. Clearances continue, very satisfac- tory.

Jr

The silk market remains quiet. Colton

to

HONG KONG STOCK

"EXCHANGE.

CLOSING QUOTATIONS.

was

Business generally has been dull. Prices of Yam and Cotton show

January 15th, 1928. only slight fluctuations and dealer A.K. Banks................. $1,57 sol seem disinclined to consider fresh

Do.; London...£147) nom. business owing to the near approach Chartered Banks £224 buy- of China New Year. Clearances | Mercantile Banks, A. &8.....£35 nom. are fair.

Dis

O...£14] not. ....€9t nom. P. & O. Banks East Axis Bankı .........189

In their weekly report on China Cotton and Yarn, Messrs. J. Spant & Co. write:-

:

China Cotton.

having been dailish through the Our market may be set down as

buy.

160 bay..

Canton Insurances Union Insurances... North Chan Luis. China Uzderwriters....... Tanglese Insurances...... AL.

M $50 num

week under 1oviaw, and whatever China Fire Insurances....1980 bay. to purchases made by a few of til's Do business was effected was limited Hong Kong Fire Ins.... $785 Rom. local mills, the market presenting K. Tugs..........

Shall

Do,

0.40. buy.

which was larger than expected and caused the advance of all deliveries to the present level. The figure of October, 47,797 in September and 47,709 bales compares with 49,840

1.40 nom. 48,847 in November last year,

The Japanese exports of Raw for the greater part an uncertain K Silk to America during November appearance with alternative spells Indo-China (Pret) 350 bay..

(Del.).$90 were 36,248 picul bales (bales weigh of strength and weakness. There

(now) nom. ing 139 lbs.) compared with 45,898 appeared to be support whenever bales in Cctober and 40,755 in tendence showed any weakening Union Waterbosta 24 nom.

tendency, particularly in forward Benguet November last year.

Our mail advices from New York deliveries, whereas any improve-in Mining Admin....70/-nom do not indicate any special feature, ment encouraged more offerings and Langkats (combined)......Tla 11 bay. up three months ahead,

Dongle). Tis, 6 mon Inquiries have not confirmed these but we understand the demand for advances were checked by hedge reports, though there is certainly we silk is better, and that selling, so that the range of fluctua- 8'har Explorations. 12. 2.63 buy, Shanghai Loans illa. 3.10 kay. manufacturers are more optimistic tions was kept within narrow limits. regarding the piece goods situation. The steadiness in the rates display. Baubst nom.

Tronoh Mines The New York certificated stocked by the market is interpreted by on the 3th inst: was 1,040 bales, many as an indication of the in- B.K. & K. Wharf... 1824 bay.

herent strength of the interior ELK. & W. Docks 40 marts, while others contend that langkes.................

Chips Providants ................15_buy. with the heavy stock both in Shang: New kingineerings....Th. 5 nom. bai and Hankow in face of the paucity of export demand, those believing in higher prices and deter-

13.10 01, 19.90 mined to support the market at the Oriental Cottons........

........H, 2.90 sol current level will eventually be disha Cottons (old). T. 66% buy.

www Do. appointed. However, the Chinese

(new) 32" buy.. New Year settlements are fact ap- H.K, &0. Hotels.$9 buy., 9 asi. proaching and we do not expect EK, Lands 165 nom

Ts. 165 buy. anything startling one way or the Shanghai other until the holidays are over. Hamphreys

$14.80 buy. Meanwhile it would be advisable to X. Rollos 3 buy. absorb all cheap lots of better HE Tramway... grades that may present themselves. Feak Trams (old)

Bo. Yarn.

a very brisk demand for cement, and factories are working at top pressure to meet it. Prices, how- ever, have not increased consider ably. During the last eight years, quotations have been fluctuating from $3 to $4.00 per bag, top prices being reached during the war, but subsequently dropped down to from 83 to 83.20 per bag. The present quotation is about $3.40 per bag, with an upward tendency.

AMERICAN CONSUMPTION OF SILK.

DECEMBER "STATISTICS SHOW DOWNWARD TREND."

The December silk statistics of the New York market indicate that the tendency of import and con- sumption was downward.

During December the United States imported 44,128 balds of silk, inclusive of 39,742 bales from Japan, 563 bales from Europe, and 3,822 bales from other countries, which was a decrease of 4,006 bafes na com- pared with the import in December a year before. The consumption in December totalled 45,026 | bales, which was also a decline of 2,883 bales from a year before. It is in... dicated that the consumption figure includes 38,877 bales of Japanese silk, 410 bales of European silk, and 5,739 bales of miscellaneous silk.

The stock of wilk in New York market on January 1st tofilled. 48,808 bales, including 42,811 bales of Japanese silk, 905 bales of Euro- pean silk, and 8,198 bales of mis- cellaneous silk. The combined 2.60 figure showed a drop of 898 bales. Es compared with December laty 1928, when it amounted to 49,808 bales.

8.20

4,55

made up as follows:-

Grade Assi

10 bales

55 #

115

༧༤-****

365

14

245

10

15.

€0

160

According to our latest cables are from New York, offerings scarce, particularly of nears The stocks of piece goods are large, but the trade is looking forward to a good demand in the Spring

EXCHANGE RATES.

[BESTIEN WIRELESS SERVICE.]

BroEY, Jan. 24th.

124.10 4.84-31/32

Paris New York Brussels

Shanghai Dooks

Ewo Lotions...

5.20 sel.

ELL 104

buy

Tls. 106 bas

111. 12.80 buy...

Lands

Estates..

buy.

Star Ferrica China Táght $12.10 buy 121 sal H.K. Electrics (ald) were 134 nom.

Due to the proximity of the Chinese New Year festivities, the yarn market during the past week has been practically featureless, and fluctuations moved within mar row limits, while actual business may be said to have been on a smal{ scale,

Produce.

Da (Pre) 17/8 buy 18/8 sal. The interest reported last week China Bagagen

Do... (18w) .....$52 nom! Macso Electrics (16) bay,. Bandakan Lights vs...so nam, Telephones fold)...JLSO SOM.

Do. (new) 11f buy.

6.80 Okina

Bases VEZ EMTES

Tractions11/6 aoni. Singapore

Bugarsk

in Goatsking has bead maintained Bug and several additional transactions have been reported. There has also

То

bay.

***** nom.

Canton Lons Cements (combined)......19.69 el.

Do (now) .....@1) buy, HK. Bopes (all): „........ 1.20 ba

Do.. (new) vinuriser 7,10 Kom.

in: China hides and the market at United Asbestos

34.90

Geners.

25.91

Amsterdam Milan

12.09

92.70

Barlin

20.401

8tockholm Copenhagen

18.14

18.18

Oslo .....

18.10

Vienus Prague Helsingfors Madrid Lisbon Athens

34.59)

been a fair demand from Europe Do. for Gallouts and, prions have ad- vanced. Buyers of cow hides

abroad are showing little interest

1634

192

29.68

1091

Bacharest ... Rio

375 BOT!

5 20/32

Buenos Aires.

47.18/32 1/6 1/33

Shanghai

12/01 -2/0

Boobay

Hong Kong

Yokohama. Silver. (spot) "Silver (forwa)

1/10 15/32 28i 20:1/16

the moment is dull. There is alight- Dairy Farmanninum 2 sal

ly more interest in Sesamum seed | Watazone...410.10 bay, 18.30 sal but local dealers are firm in their | Der & Wings is ideas of price and businces 11 into

Lane Crawfords...... difficult.

Yatals,

Binders

Wm, Powalls, This market improved a Httle HK. Amusement during the week under review and HK Constructions several transactions of volume wera. Basa Indon. G. Band 1: Cronammsted. Price, remain, fair. H.B. Gort Losun ly steady locally and those as Home buy-buj een 172017- are firm

cia, buy,

$8,05 moms.

$20 DOL

bay,

8. nom.

BOTH

% nom