1929-04-05 — Page 9

BALLANTINE'S

in use for almost 100 years.

ESTABLISEED. 1827. --

By Appointment to'

H.M. The Late Queen Victoria

King Edward VI.

and

His Majesty King George V.

Money

THE HONG KONG DAILY PRESS, FRIDAY, APRI

and Markets

HONG KONG MARKET REPORTS.

“་— Quotations at yesterday's local, market for rice and other food- stuffa were as follows:-

PURE SCOTCH LIQUEUR Blue Flower Baskeb

WHISKY

10 years old.

GEORGE BALLANTINE

& SON, LTD.

i

GLASGOW AND LONDON. DISTILLED IN SCOTLAND

t

you can

If you want a really first class Scotch Whisky at a reasonable price, than It is

better

have no Ballantine's Liqueur Whisky.

eicellent.

The French Store

Beaconsfield Arcade.

QUEEN'S

THEATRE.

EXTENDED ENGAGEMENT. TO-DAY & TO-MORROW

AT ALL PERFORMANCES

JANNA DUCLO

"THE QUEEN OF MYSTERY”

in a bewildering performance of thought reading, guessing the past, and foretelling the future! AN EXCEPTIONAL

ATTRACTION

NO

ONE SHOULD MISS

USUAL PRICES

STAR

THEATRE

RETURN: SEASON

OF THE

BANVARD

MUSICAL COMEDY COMPANY

TO-NIGHT

At 9.15 p.m.

Per Picul

Rica.

Green Double Golden Coipe... 87.02 0.00 Red Flower Basket, 7.42 Green Star

7.18

Yue. Yee

m

.... 6.67

Black Seal, Pokmei

5.69

7.91

8.72

3.09 8.29

Red Seal, White Glutinous...

Red Ling Chee

Red Seal, Pokei

Binck Seal, White Broken Binck Seal, No. 1 granulated 3.77 Red Seal, White Glutinous,

granulated Red Seal, Broken

6.10 6.04

Green Seal, No. 2 granulated 8.30 Seal, White Broken... 16.30

SUZ

Miscellaneous.

No. 18 Coarse granulated No. 24 Coarse granulated

sugar

8 TLTO

CANTON TRADE NOTES.

The price of rice in Wuchow is steady and is expected- to drop in the near future.

...

BRITAIN SELLS MORE GOODS.

HIGHEST EXPORTS FOR...

FIFTEEN MONTHS,"

COAL IMPROVEMENT.

5, 1929.

RUBBER.

LONDON MARKET IRREGULAR.

Mears Pentreath & Co. have for- warded us the following letter, dated March 6, which they have received from Hornby, Hemursk & Co. of Liverpool:

The market has been rather irregular during the past week." There were indications of pront Britain's overseas trade has be taking, both in London and in New gun the year in hopeful fashion. York, when we wrote a week ago, Nearly $1,000 worth of salt was The export total for January was and this was more emphasized to- exported to Wachow from Kwang-the highest for fifteen months; the wards the end of the week, parti- tong last month.

import total was the best for three cularly on Saturday when Spot was sold at 12jd., and April/ne at years.

This is a summary of the Board at 121d. There has been some re- of Trade returns for January,covery from this level, but the tone) which were issued recently:- Fat the close last night was rather Compared with unsettled, and certain amount of

January 1929, easiness is apparent. 118,084,145 Inc. 13,670,579 68,879,607 Inc.. 7,133,874 9,810,689 Dec. 406,103

The rice markeb continues in- active and the poorer classes will be glad to learn that prices will

undoubtedly drop.

In Canton there`is now a 'brisk sale for umbrellas, raincoats, rub- ber overshom, etc. The bulk of these articles are native made.

:

The value of gold has fallen with the passing of the war scare and goldsmiths are doing very little business. The current price is about

81.80 a mace,

R

An order has been placed in Hong Kong by the Canton Government Ming for over a million dollars. worth of silver bullion. It will be need to increase the amount of silver coin in circulation in the Province. 9,970,00

Selected white edible bird's

Best.....

15

Dried Mushroom, Mekoo

White pepper.

Soy Bean, Saisheng

Black Bean

Dried Persimmon Red Melon Seeds

ses

458.00 145.00

2.10 6.70

18.50 24.30

CANTON COTTON YARN MARKET.

According to a telegraphic message from Shanghai, prices of foreign | cotton yara have increased by two dollars and it is expected that on account of this, the market for Chinese, yarn will be steady. In spite of the reported settlement of the Tsinan Incident, the merchants still hesitate to order Japanese yarn. The Canton market con- tinues dull and only a few crannc tions are being made. Prices have dropped by three to four dollars owing to fall in the value of the Hong Kong currency.

Од

Quotations of native cotton yarn Wednesday's Canton market

were as follows:- No. 8 Lign

Lion, the Second ....... Hut Hou......

8914 200

906

274 274

קיפ

No. 10 Sailing Vessel

Golden City

Peacock

Lotus and Bee

263

Double Lions

258

"Five Lions

Yan Chung...

272

Tai Fatmiy

974

274

Tak Lee...

Excellent Crops

No. 12 Golden City

Peacok

Foo Ewai

Poo Yee

Tran-car

Pretty Damsel

Aeroplane

Tak Leo

No, 18 Globe......

Foo Kwai

Yan Chung

No. 20 Golden City Globe

|

*

The Provincial Government has informed the Municipal, authorities of Kongmoon that Central Bank- notes only should be accepted in payment of taxes, etc. To main- tain the value of the notes, large quantities of silver coins have been shipped to Kongmoon.

*

The exchange rate for both Hong Kong and Kwangtung money is musually high in Wuchow. For Canton money the rate is about 8140 and nearly 8900 for Hong Kong currency. In spite of this both Canton and Hong Kong tencies are in big demand.

2

I

small,

Shipments from Mayala. Imports Exports

Shipments from Malaya during February totalled 47,920 tons (38,897 Re-exports

to America, 6,450 to this country," Total ex-

5,516 to the Continent, 2,179 to ports 76,680,290 Inc. 6,040,771 The most encouraging feature of Japan, and 981 to other countries). the awollen export total is the part The total Agure was rather larger played by coal. The quantity of sthan expected, but the shipments to coal exported last month was this country were comparatively 4,479,631 tons, compared with 3,904,700 tons in January 1929, an increase of nearly 15 per cent. The value of the exports rose from £3,074,006 to £3,475,676. All classes of coal contributed to the increase, but the improvement was particu- Jarly marked in anthracite, the ex pirts of which were nearly double at £331,031.

Foreign Buyers, Numerous countries are buying bosvier quantities of British conf These are the markets in which the chief gains have been achieved:-

France Germany Italy

Spain.

• Jan. 1999. Jan.1928. ཁྱད" £ 708,499 353,188 243,158 923,084 424,317 305,364 163,308 139,695 Sweden ........... 91.359 68.124+

· United States... 57,015 24,513 Other raw materials which have eur-helped towards the increased ex- port total are iron ore (increase £78,245),

wool (increase £106,108), oil seeds, nuts, oils, etc. increase £83,509), and hides and skins increase £72,496).

The rattan ware industry is doing well especially in the case of rattan chairs Rattan comes chiefly from Singapore but some of rather inferior quality, is pro duced in Kwangtung. Rattan is sold at eleven dollars per picul in Singapore but in Canton, the price is nearly 880. Over,, sixty chairs are made from a picul the price varying from one dollar and a half to twa dollars

*

Large quantities of firewood have been arriving in Canton during the few days and the price has dropped. Firewood comes from the districts along the East; West and North Hivers and juoka have experienced great difficulty in making the passage owing to the shallowness of the river. The recent rains have had a noticeable effect and over two bundred frewood junks havė ne rived in Canton from the East 200 River districts alone,

生

290

990 290

278 280

At the end of last month, a fall 94 in the price of eggs was recorded io Canton as large quantities of both bens' and ducks' eggs were im- ported into the city from the Northern districts. Owing to the warm weather, it was found that the eggs would not keep and mer- chants had to sell them cheaply, one

288

314

308

306

336

Jaw

The export figures of manufac tured articles show that nearly every branch of British industry is selling more goods abroad. These are the trades that have made the greatest advances compared with last year:

Vehicles (inc. locomo

tives, ships and air- craft) Iron and steel manu-.

factures

Increase.

£1,623,190

£1,103,594

Cotton Jarns and

manufactures Woollenyar and.

manufacturer..... Non-ferrous metals Machinery Apparel

£812,900

£367,391

£276,908

£279,530

€218,123

Chemicals and drugs £156,101

Raw Cotton Purchasse, The outstanding feature of the January imports was another re- markable increase in the amount of raw cotton purchased The value was £11,971,794, as compared with 4,902,524 in January 1928, an in- crease of no less than,27,018,200. The rapidly expanding quantities of raw cotton consumed, taken with the growing exports of cotton

388 mindred eggs being sold for about manufactures, are a definite indica

Good Harvest...

334

Fui Sing ......

330

Double Horses

330

Tin Koon.....

340

Double Elephants

230

Ng. Fook

316.

Yan Chang.......

330

Tram-car

390

- Shepherd

320

-Poo Fee

326

Three Stars

323

No. 32 Pagoda

Double Horses

Tia Koon

Pine and Deer'......

312

Sheung Hee

500

No. 42 Five Sons

656.

Butterfly

€30

Happiness

239

"TIP TOES" K

To-Morrow

·April 6.

Sunday

"FOLIES

BERGERE"

FAREWELL PERFORMANCE POT POURRI. April 7. PROGRAMME Booking Open at Monties and Theatre. Prices: $4, $3, $2 & $1.

MAZDA"

Buy

clivo

Mazda

Lamps!

two dollars. During the past few tion that the depression in the daye, prices have now risen to about Lancashire cotton industry is lift- 82.30 a hundred, owing to the fact ing

that troops movements have inter-Other raw materials of which

larger quantities have been pur fered with the transport of eggs chased from abroad include:- from Northern Kwangtung

CANTON RAW SILK MARKET REPORT.

FOR WEEK-ENDING APRIL 2-

Increase.

Wood and Timber £138,179 Other textile materials £341,052 Paper making materials 2374,980 Oil acede, nuts, oils, etc. £995,544

SHANGHAI RUBBER

QUOTATIONS,

490": 488.. The market opened weak with 504 sellers inclined to make conces sions; but both Lyons and New

Mesars Benjamin & Potta have York showed little interest.

During the later part of the week forwarded us the following Shang however, Yokohama prices advanchai Rubber Quotations, which they their ed and the market Ermed up in have just received from sympathy but awing to the Easter Shanghai Office: Holidays the true state of the wat

CANTON FLOUR MARKET.ket is somewhat uncertain and will only be realised during the next low days:

TRANSACTIONS OF THE WEEK 300 biles.

CLOSING PRICEB-Best I 14/16 N.S. 1015. Best 1 Fav. 13/15 0.5. 1010.

Priaces of both native and for eign flour have risen by ten cents per bag, as arrivals of dative flour from Shanghai are short and stocka scarce. Latest quotations for the various brands" of four, ste да follows:-

Five Swallows Big Carmon

Fer Bag

84.30

4.35

Red Box...

4.95

Claymore

·4.40·

Double Wheels

*4.45

Golden Ox

4.90

4.40

4.30

4:40

4.45

4.25 4.25

Dog's Head

Foreign Gunboat Big Orange Cabbage

Pat Kwai Pine Tree and Stork

CANTON STOCK EXCHANGE.

CLOSING QUOTATIONS.

Canton, April 3.

84.00 4.75 1.53

Water Works Electric Light & Power............. Canton-Hanków. Railway.

4.50

· 2.63

The Sun Company... 79.00 Bincare Company

:104.00 Nanyang Bros. Tob. Co, Canton Trenways. China Merchants' Steam: Navigation Company ... 59,00. Central Bank of Chang 47.50

HONG KONG ENGINEERING & CONSTRUCTION CO., LIMITED.

DEBIT ON PROFIT AND LOSS ACCOUNT.

The report of the directors of the above Company to be presented at the seventh ordinary yearly meeting of shareholders on April 17, states that after writing off 850,746, 47, for depreciation, which has been charged in the working account, the profit and loss account for the year 1928 shows a debit, balance of 2,501.65. This, added to the debit balance at the end of 1927 namely, 8514,014.80,akes a total debit balance at December 31, 1926, of 8842,676.46, which it is proposed to carry forward.

There has been no change in the Directorate during the past year. Mr. J. - Scott Hayston, and "Sir. Bobert Bo Tung, Kt,, retire by rotation and, being eligible," ofer themselves for re-election. The auditore Memre Lowe, Bingham and Matthews offer themselves for re-election:

|

Shipments. for the first half of March are estimated at 25,000 tons

The estimates of ten leading firms of production and consumption this rear average 715,000 tons and 700,000 tons respectively. This would leave only very small surplus which might easily be turned into a deficit of the world consumption should increase at the same rate as dür. ing the past few months.

American consumption figures for February are awaited with greater interest than usnal.”-

We understand that the wintering season in Malaya is severe, and this is expected to last until the end of the current month. This will prob- ably result in considerably smaller crops, the effect of which will be felt in April and May when con- sumption should normally be very good,

Plenty of Buying Power." Apart from the foregoing feature, there seems to be plenty of buying power available whenever the market eases to any extent and it looks as though prices will resch new high levels before there is any serious reaction. We continue, therefore, to advise the purchase of t forward deliveries in easy marketa such as we have experienced last weet

Stock:London, 95,411. Liver- pool, 4,955 tona..

Our New York correspondents cable that the market is hesitating. Senti- The undertone is steady. ment in the trade is bullish awaiting the oficial Malay export and the February consumption figures.

Another New York correspondent. cables that it is persistently rumour- ed that an increase in tyre prices is imminent. It is reported that the March programme of automobile tyres calls for consumption at the rate of 45,000 tons,

Roominess

Its

March 28 To-day's

prices quotations ....$7.90 Tnglo-Javas

8.10 Anglo-Dutch 3.75 Batu Anam Chemor Uniteds 1.45 Consolidateds. Kroewoeks00 Repabs Tanah Meraha.. 1.12 Tebonga Ziangben

Simplicity

400

.90

.85

1.25

3,00

3,30

·2.15

1.10

1.20

1.90% 8.75

2.10 7.00

EXCHANGE RATES. (BRITISH WIRELESS BEÉVICZ]

RUGEY, April 3.

Paris Brusels Amsterdam Berlin... Copenhagen Prague Helsingfors

Lisbon Bucharest Buenos Aire Shanghai Yokohama New York Genera Milan Stockholm

Vienna Madrid

Athens Bio

Bombay

Hồng Trong

··124.15

34.95

12 11

20.47

18.215

1634

1924

108

116

:47:5/16

2/01

1/10 1/39 4.80

25.295

92.75

18.175

18:195

34.305

29.10

375 3:27/32

1/8 81/39

1/114.

Silver, spot & forward 257-

TO OPEN Remere captu

push'unwaeda

Haig

TO CLOSE.

NEW BOTTLE SEAL

(NO CORKSCREW) QUICK - CLEAN SAFE Nobody can put better Whisky into any bottle than that which goes into the Haig bottle.

SOLE AGENTS S

Doctors are using it.

Judges are using it

Sufferers from acidity find it preferable to any other stimulant

GANDE, PRICE & CO. LTD. TEL. 0. 135.

Hoyo KoNÉ.

JUST ARRIVED

CHOICE CANADIAN BACON

SLICED

WHOLE (5 lb. Pieces)

31.20 per lb. $1.10

ENGLISH HAMS

WHOLE HAMS

HALF

$1.00 per $1.10

THE DAIRY FARM. ICE & COLD STORAGE CO., LTD.

GENERAL ELECTRIC

Refrigerator

Judge the Value

of a refrigerator by the following

points.

and above all

Consider the Firm which makes it.

"Call" in at our Distributors' ShowroomS

and see the wide range of models

And

Consider the value of these

wonderful machines

The Hongkong Electric Co..

The General Electric Co. of China, Ltd.

Sola Agents for China:

ANDERSEN, MEYER & 00, LTD.

Hong Kong and China.

Quietness

Its

Economy