Money
and Markets
CANTON TRADE NOTES.
The Canton Reconstruction De- partament has started building a
HONG KONG SHARE MARKET.
THE HONG KONG DAILY PRESS, SATURDAY, APRIL 6,
MINING IN CHINA,
COAL AND WAR RAVAGES.
Tu his latest report to the Depart- meat of Overseas Trade, published: by H.M. Stationery Office, price 9. 6d. set," Mr. H. H. Fox, C.M.G., British Commercial Counsellor, Legation, Peking, points out that
silk experimental station in Kwang BUSINESS MODERATE AFTER China's coal mines have, with few
*
*
Owing to the Ching Ming Festival (April 5) when many pecple leave Canton for their native districts to worship at their ancestral graves, the general market in Canton has become rather quiet. There is how ever considerable demand for "Joes sticks" and geese. The Cantonese, especially bontmen and shop fukis,
Lat 0050 during important festivals, and at wdding and funeral feasts, but at no other time.
Banknotes of the Central Enak of China are now accepted at fabb face value in Canton and in the country districts. The current rate of ex- change for Hong Kong currency is about $1.35.
HOLIDAY.
MESSRS. BENJAMIN & POTTS'
WEENLY REPORT.
Messrs. Benjamin & Potts in their weekly share report state:-
way, and the Kaiping mines of the Kailan Mining Administration in Northern Chibli,
exceptions, suffered more from civil war and interruption of communi- entions than any other industries, and that though in most cases no statistics are available it may safely be estimated that the production of coal is now less than one-half of what it was in 1925, namely, 23,000,000 tons. The two fortunate exceptions are the Foshan col- Our market reopened after the lieries in South Manchuria operat- Faster holidays on the 2nd instast,ed by the South Manchuria Rail- and during the few days which have elapsed, business has been on
It is sometimes asked why China a moderate scale without shewing any great change in prices. Imports sour 2,000,000 tons of coal Banks-Hong Kong and Shang-annually, principally from Japan, at Banks have slightly weakened, and exports about the same amount to Japan and Korea. The explana- having been dealt in round about
tion of the Japanese in Kyushu en- The rice harvest in Kwartung 81.240. but the market at home is tion is that the geographical situa- has failed owing to the drought and firmer.
Marine & Fire Insurances:ables the majority of the collaries in this field to dispose of a per- the Kwangtung Provincial Govern- mont have requested the Ministry Inions were placed at 8392, and of Finance to exempt rice from more shares are obtainable at this centage of their output in Central rate. Hong Kong Fires have firm and South China at remunerative Anna, Siam and Burma Irom im-
Cantons at 8603, Prices, whereas the mines in North China and Manchuria And it pro- port duties for eight months ante- ed up to 8735. dated from January of the present and China Fires at 8090 contine table to sell coal to Japan for year. Prices of rice in the south-i demand at quotations.
steam raising and domestic pur western districts including Lim-writers are on offer at 82.30.
poses. Certain grades of Chinese chow, Yamehow, Laichow, aud
coal, moreover, have special quali Lingshan are all high, however,
ties such as Kaiping coal, which is on account of the failure of loend
very suitable for coking, and a rice harvesta.
thracite, used for briquetting and mixing purposes generally.
Ap attempt was made some time ago to enforce the affixing of duty stamps on all luxury trade articles, but owing to a strong protest from the merchants the Government de cided to postpone action. It is now reported that the Bureau of Duties has secured the sarction of the Ministry of Finance to revive the issue of these stamps.
CANTON BEAN AND GROUNDNUT MARKET. The bean market has been weak and though arrivals have bees Bearce there has been a decline in the prices of beans of all kinds. The market for preled groundnuts is also inactive but prices remain firm.
Quotations at the latest market of beans are as follows:- Soy Bean, Choy Chi Werg 810.75
Soy Bean, Chu Wong
10.00
Soy Bean, Lin Wong
10.00
White Bean-
Black Bean.............
10.15 8.63
Green Benn, Common, grade
10.00
Green Bean, Sunsheng
Scarlet Bean.
12.00 11.00
Peeled Groundnut;
Fung Hsuan ...
Chi Tung
811.80 11.50 11.60
11.40 12.30 11.90 12.90 11.15
Wen Kou
Dairen.
Tientsio
- Kulow
Poshan
Fat Kou
Ctuler-
Shipping: Hong Kong, Canton and Maeno Steamboats have farther declined, shares being on offer at 826 and no buyers over 85, Douglas Steamships at 836 and Tugs and Lighters at $2.40 are un- changed.
are
ned
the
Metals,
remainder
and
to
In regard to China's iron-ore and Docks. Wharves & Godowns:-pig-iron, the bulk comes mainly Hong Kong and Kowloon Wharves from the Penhehu mines in Man- and were churia and the Taych mines on the shade lower # Legotiated at $123 at which rate Tangstze, and it is taken by Japan. more are wanted. China Providents The, expors figures for 1997 were, were bid up to 34.00. Whampoa ore 483,964 tons, and pig-iron Docks are wanted at 833. A spas 200,912 toms. Of antimony regulus modic demand for Shanghai Docks China in 1927 exported 13,356 tons, lifted the price to Tls. 124 but the about one-half going to Amerien Great market has since weakened and shares are obtainable at Ta 1 Britain France
Japan. New Engineering are unchanged China's output of tin (in ingots and with buyers at The 4.85.
alabs), 90 per cent. of which comes Lands, Hotels & Buildings:-om the Kochin mires, is taken Hong Kong and Shanghai Hotels entirely by Hong Kong, whence it were dealt in at $0.10 but have since is shipped to the United States, been sold under 89. Eumphreys Great Britain and Europe. The Estates have again been in demand, total export for 1927 was 6,220 tons. and a few more shares can be pinred at 814) Hong Kong Lands are enquired for at 983 after sales at this rate. Shanghai Lands at Tis. 17 mark a rise.
RAW SILK. STOCKINGLESS FAD."819.
"
HONG KONG STOCK EXCHANGE.
CLOSING QUOTATIONS.
HK. Banks
to
*****
196
AVEL.
Public Utilities:-Hong Kong Electrics have been dealt in at $38/8381. China Eights have con- tinued in good demand and were
APRIL F, 1929. bought at $14 and $14.10. It is pro-
$1,235 bay, 1,245 sel. posed to increase the Capital of
Do London...£132; nom. the Company from $3,000,000 to $8,000,000 by the creation of 280,000 Chartered Banks£201 buy.
Mercantile Banks, A. &B...£34) nom. additional shares of the nominal
Do.,
C...£15 nom value of 83 each, and that 80,000 af
Banks the said sharre be offered to share P. & Q.
East Asia Banks....190) nam. holders in the proportion of one,
Canton Insurances .....$695
buy. new thare for every complete mum-
Bain Insurgences
$982 sel. her of nine existing shares held by North Chine Ins. Tix. 160 buy. M. $50 aum. Ingurances.. them the balance of 200,000 shares to be issued later on Hong Kong Ohis Underwriters .. ...£2.30 sel.
Yangtze Trams were taken off the market China Fire Insurancen....$290 buy. at 818.40. Star Ferries are slightly H.E. Fire Lis...........1760 baş. lower and were put through at 867. Douglases 300 Peak Trams continue in request at HK Steamboata.........$25 sel.
HLK THE "
Miscellaneous Dairy Farms Indo-Chinas (Pref.)....$521 nom. Do. (Def.) ......$92 BERIE
01. nom.. Messrs. Pentreath & Co. have for-were realised at:819). Green Island
Union Waterboats.........22 com. warded us the following Letter, Cements (Old) are unchanged with bell Transporta dated March, which they have buyers at 88.55. China Sugars are
bay. Benguets Watson's are en- received from Hornby, Hemelryk & ou offer at 81. Co., of Liverpooli
quired for at $13.20 ex the dividend Kailan Mining Admin....63/9 rom.
Lang kata (combiner)............ Prices have eased further during of 90 cents just paid. Hong Kong
11. 4. под. the past week, the declice being Amusements changed hands at 99548h. Explosion.The. Z pom principally due to unfavourable Hong Kong Telephones fetched Shanghai Loans
Baube dannii $6.65 buy. statisties for February, and, cn. 87.10. Canton Ices were sold at
Tronoh Mines
.17/8 nola. balance, values are about 7c. Tower 819 Hong Kong Government Loan
H.K. & K. Wharts...$123 bay. can be placed at 74 per cent, pre- than those ruling a week ago.
H.K. & W. Docks37 vel. February imports of Raw Silk mium.
China Providents..........$4.55 bay. into America are given as 43,278 Cotton Mills:-Ewoe fell away
Tie, 169 nom. Hongkawy bales, and the deliveries to Ameri-early in the week to Tls. 123, but
Now Engioserings. Els. 4.85 buy. can mills are returned at 46,226 subsequently recovered and sales hanghai Docks 1711, 122 sel. bales, the latter figure being smaller were made up to Tle. 13. Shanghai wo Cotton.Th. 13 90 buy., 18.
Cottons (Old) at Tls. 72 have not Oriental Cottons...Tis. 2 nom. than expected.
moved.
Bhai. Cottons (ald)......Tim, 72 nom.
Do. (new)......Tls. 35 now. $8.80 bay 890 stl. H.K. & §. Hotels...
$69 buy, & sa. ORDINARY E.K. Lands
Shanghai Lande...Tis. 171 buy. Humphreys Estate...$14.85 buy. EK. Realtids $3.60 10m, H.K. Tramways $18.40 sal Peak Trams (ald) ......... 124 bey.
Bo.
..
The market does not respond to the predominance of constructive
The following quotations were' factors which prevail and our New York correspondente say that whilst received by cable from London on it is true that the heavier rate of March 20,1029:-- arrivals froin
the interior .of
Japan creates the auspicion that the British-American Tobacco
Company ATC supplies remaining COCOOT larger than anticipated, this should Imp. Tob. G.B. & L. be more than offset by the generally Imp. Tob. Canada. accepted strong statistical position Imp. Chem. Industries..... 2. 0. 0 in America in addition to the British Match Corpo,
(Interna- obviously good prespects of inoreas Mond Nickel
tional ckels) ing distribution
Anglo-Persian Oil British Celanese Dunlop Rubber
There is some talk in America that the summer "stockingless led" will develop this year, but reports from hosiery centres show unusual activity and increasing demand.
Tia 14 now.
sel.
**ou d' ***** (MOT)
Star Ferries...07 buy.
28. 2..6 6. 0.7
2. 3. 6
1. 10. 0
0.830! 24. 13. 14 1. "0. 101
Macao Electrics
1. 2. 7
(All" Middle" Prices). Exchange: The T rate "on London to-day is 1/11f and
behind on Spring print deliveries Shanghai 781.
Mills are believed to be somewhat
and large sales have been reported.
On the other hand, manufacturers
Obins Lights
H.K, Electrica
*** 313 bug. 14.
Ml., 1990/15.
53
存铂悦。
$26) nom. Bandakan Lights ......$24 sel. Telephones ............ 7 bay. Opina Buss wiecej
That is bay. Singapore Tractions.....11,6 nom.
Do. (Prot)......16/6 bay.
on
China Bugars
Malabon Bugars
Canton Icos...
Forward Settlement Days:-April
arc now said to to indifferent 29, May 28 and June 25, 1929.
buyers, probably due to the large-
takings of late and possibly to
CLOSING QUOTATIONS.
CANTON, April 4.
doubts as to their ability to main-CANTON STOCK EXCHANGE. tain, the current rate of production. The yea exchange affords another depressing feature owing to the political situation in the Far East and to the indefinite postponement in Japan of measures calculated to return the yen exchange to par.
Our New York correspondenta cable that long liquidation has been well absorbed despite bearish atatia tios Spot prices continue firm. The daily demand is good, and the technical position has improved. Early sellers are now absorbing offerings, and prices should make "for improvement.
.81 sol,
CHURCH NOTICES.
BT. JOHN'S CATHEDRAL, Hora Kone
Arnel 7, 1879, Low Sunday -
Choral Eucharist at 8 am Obik's Service at 10a.m. Peak Sunday School at 10 am. Matine at 11 12
Preacher The Rev. H. Y, Koop. Holy Communion at 19 noon. Evensong at 61,1,
Preacher The Dean.
Social Evening in Cathedral Baji after Evensong.
[97
FIRST CHURCH OF CHRIST,
SOIENTIST."
(Branch of The Mother Church, The First Church of Christ, Scientist, in Boston, Mass, U.S.4.) MACDONNELL ROAD, BELOW BOWEN ROAD TRAX STATION, SuXPAT BEivice, April 7, 1929, at
11.15 m.
Subject - UNPEALITY." The Sunday School is held on Sunday
Mornings at 10 o'clock.
Wednesday Evening Meeting at 6.50
PJIL
Reading Room at above address, open: Tuesday and Friday, 10am to 19 Noen, Monday and Thursday, 3 to 7 pm.
The Public is cordially invited to attend
{$7 the services and visit the Reading Room.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE}
Paris
Brussels Amsterdam Berlin
Río
Rcosy, April 4.
194.90
34.95
12.103
*C.463
Oslo ......
18.195
Prague
1639
Madrid
32.105
Athens
375
5 27/32
Bombay Hong Kong
1/3 31/32
1/11
Silver, spot & forward
25
New York
4.85 7/32
Geneva Milam
23.915
92.70-
13.215
34.525
.3021
103
815
Copenhagen Visona Helsingfors Lisbon Bucharest Buenos Aires Shanghai Yokohama
EADACH
47 5/16
9/61
1/10 1/16
1929.
STAR THEATRE, KOWLOON. QUEEN'S
GRAND OPENING NIGHT
SATURDAY, APRIL 13th
at 9.15 p.m. with
THEATRE.
EXTENDED ENGAGEMENT
TO-DAY.
ONLY
AT ALL PERFORMANCES
"A CUCKOO IN THE NEST JANNA
Direct from the Aldwych Theatre,
London.
PLAYED BY W. L BANVARD'S ENGLISH COMEDY
COMPANY,
PRICES: $3, $2 and $1.
Booking at Anderson's and Star Theatre.
ST.
LAMOI
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
THE POPULAR
PILSENER
ST. LAMOJ
·BEER ·
PILSENER
WITH A REPUTATION FOR UNIVERSAL SATISFACTION.
OBTAINABLE EVERYWHERE
DISTRIBUTORS :----
ti
H. PUTTONJEE & SON, 15, QUEEN'S ROAD CENTRAL.
SHANGHAI, SINGAPORE & WELHAIWEL.
Do you ever suffer from Headache, Cough, Cold, Rheumatism, Neuralgia, Gout, Sore-throat, Toothache, or Asthma ? If you do, will you allow us to solve the question of securing a cure-of course, a permanent one, and put an end to these dreadful enemies of humanity ? Or do you like to be handicapped in society, in business, or in your daily association with your strong, stout friends? For your own good, we would strongly advise you to have an open mind, and to make use of what you can call your true companion, our preparation-THE TIGER BALM. This BALM, which is entirely free of animal fat and other injurious substance, has been proved most reliable and unequalled in curing the above diseases. The great demand for this BALM, which runs to MILLION POTS each year, testifies amply to its eminent value and efficiency.
SO WHY NOT GIVE IT A TRIAL NOW AND GET IMMEDIATE RELIEF?
OBTAINABLE AT ALL DRUGGIST SHOPS AND BIG STORES.
Large Pots
60 cents. 25 cents.
13,66 nom,
K.K. Amusements did 25 buy, FE. Constructions .......$13 sel..
B'qus. Indas. G.Bonds...66% el.
EEK, Govt. Loads ..................71% prom. buy bay--buys; sel-sellersį sa-galos;
TIGER BRAND
Small Pots
suffer from-chronic headache? Have you found that no other Do you drawback is so serious as to be a constant victim of headache? · Your mental capability is weakened, and you are hindered greatly in your social duties. You attend to your daily work with the wrinkles of an old man and you return home, trying to exact your "Pound of Flesh" from your wife and lovable children. Can't we solve the problem for you? We do not render you a long bill for our professional atten- dance. On the contrary, we are only too anxious to help you to be We want you to be a "DON JUAN " cheerful everywhere you go. in society, and a well-respected member in business circles. Just pay a few copper coins, and you will get all the relief you require. We wil help you to drive away the evil of this disease-FOR EVER.
SO PLEASE PROVE THE TRUTH OF THE ABOVE BY GETTING A PACKET OF OUR "TIGER BRAND HEADACHE CURE" WHEN OCCASION ARISES,
10 cents per packet
AUN TONG
ENG AUN
THE TIGER MEDICAL HALL HEAD OFFICE IN RANGOON, BURMA.
BRANCH OFFICES:--
HONG KONG-26, Bonham Strand, East. SINGAPORE, SHANGHAI, SWATOW.
130 buy. $1.80 bay., 2
Bal., 14/1.90 un. Cements (combined)...... (18,55 buy, 8.70 sel. "Do. (old) $7,80 nom.
Do
(ROW)
H.K. Roper
$3.40 bay..
હું કહ્યું.
“United, Asbestos man..............35 nám, Dairy Farm mat $20 sol
Watsons
$18.20
Der & Wing
80 ata.
bay.
bay,
84.00
Lane Orawfordis..
2 Bel
4.00
Mackintosh.........
$20 DE
+39 78.00 104.00 4.20 2.58
Bincares mfrsabar
...ll buy.
Wm. Fowell
Water Works Electrie Light & Power. Canton-Hankow Railway ..... The Sun Company ... Sincere Company..... Nanyang Bros. Tob. Co,...... Canton Tramways
Merchants' Steam China
Navigation Company :59,00 Central Bank of China 47.50
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