TO OPEN
Remove copela
raine lever and
Haig
TO CLOSE
Roles cap and push
Jever dows
push upward?
NEW BOTTLE SEAL
(NO CORKSCREW)
CLEAN. QUICK Nobody can put better Whisky into any bottle than that which goes into the Haig bottle.
Doctors are using it'
“Judges are using it
Sufferers from acidity
SOLE AGENTS :——
find it preferable to
any other stimulant
THE HONG KONG DAILY Y PRESS. WEDNESDAY,
Money and Markets
HONG KONG MARKET REPORTS.
Quotations at yesterday's local market for rice and other foodstuffs were as follows:--
Rice.
Groen Double Swords
SAFE
Pes Picul. 87.20 6.99 Red Double Arrows ....... Hung Hung To, Unglutindus 0.37 Hung Kum Ou
a.se
Ching Ng Fook
8.52
Hung Muk Keng
.8.49
Wu Muk Keng......
7.83
Black Seal, Broken
Red Seal, Broken Black Seal, Pokmei ............... Black Seal, Granulated
MiscellaneoLIR.
...
No. 24 course granulated
.......8 augar
White Pepper ....
Dried Persimmon
Bear's paw .............
White Grapes
143.00 16.00 8.50 38.00
971
GANDE, PRICE & CO. LTD.
TEL. 0.,135,
Hoya KONG
Parfumerie Rigaud
ETABLISSEMENTS RIGAUD, PARIS.
"UN AIR Embaume
Flacon de Luxe Grand Modele.
Dried Mushroom, Mokoo ...
450.00
76
CANTON FLOUR MARKET.
CHINA'S FOREIGN TRADE,
year.
SEVENTEEN YEARS SURVEY.
APRIL 17, 1929.
CASH RESERVES IN CHINESE BANKS.
SEQUEL TO RECENT PANIC.
PEPING GENERAL CHAMBER OF COMMERCE DECISION.
At a meeting of the General Chamber of Commerce of Peping it was decided to appoint eight representatives to co-operate with government organs in investigating the cash reserves of various local Chinese banks and their business conditions.
This came as a sequel to the recent. inancial panic which resulted in runs an several banks and the clos
One of the members of the Chain- ber reported that there are some gr8,000 notes of the Bank of Agri- culture and Commerce held by the local merchanta.
Negotiating Redemptions.
The amount of notes of the Ex- thange Bank was about $170,000, while the Sino-Scandinavian Bank, which closed its doors shortly after. the suspension of the Exchange Bank, had some $103,000 worth of notes on the market.
During recent years the volume of China's foreign trade has grown tremendously. Although the Cus tems figures of the total imports and exports during 1928 are not yet available, according to expert es timates, the total amount of importing of a lew and exports during the past year ́5.98 ¦ was Tia 2,170,000,000, exports being
5.82
Tls. 930,000,000 and imports, Ta 5.93 4.87 1,240,000,000, showing an increase of Tls. 11,000,000 and Tlx-227,000,000. in exports and imports respective- 7.68ly, as compared with the preceding From this estimate, however, it may be noted that the excess of imports over exports amounted to Ta 310,000,000, which is the highest Mr. Shen Hung Chao, a repre figure recorded in the history of sentative of the Chinese Banking Association, who attended the meet- foreign trade in China in 65 years
ing at the special request of The foreign trade of China the Chamber, said that 17 banks members of the Associa- always has shown an excess of im- are
tion. Besides there ire mine ports over exports since 1884, cx-others which do not belong to the cept in the five years of 1884 and Association but joined the Chamber- In addition, there 1872 to 1876. The best balance of of Commerce.
are 39 cash" shop¤39-money- trade was in 1876, but the excess changing shops and two stock ex of exports that year was only Tla changes. 10,000,000. From 1876 until 1902, the excess of imports each year was a few tens of millions In 1909 the amount suddenly went above Tha 100,000,000 and in 1905 it amounted to over Tla. 200,000,000, After the climax had passed the trend was gradually down but in 1914 the im ports excess again exceeded Tis. 20,000,000. Then came" the Great War, and the volume of China's ex- ports increased overnight.
As A result, the excess of importa for
only
to amounted
Tis. 10,000,000, which is the lowest record in the Jast 30 years. After the Cessation of the Great War China once more became a world market. Thus, in 1921 the excess of imports amounted to Tla 300,000,000, which; if the estimates be correct, will be exceeded only by the amount, last
The market for foreign flour is stil dull owing to high prices though arrivals are large The native flour market is doing quite well and prices have advanced by about ten cents per bag. The fol lawing are the latest quotationé on the Canton market.
Big Cannon
Banana
Gunboat
84.00
414
4.30
Fa Ngun
4.15
Claymore
4.18
Cabbage
4.40
Big Mandarin Orange
4.D
Bench
4.13
Five Swallows
4.10
Pat Kwai
4.14
1919
Double Flag ....
4.13
Pine tree & Stork
4.08
Golden Ox
.4.06
All Classes of
Flying Wheel
4.35 4.30 4.07
A Hygienic and Refreshing Perfume in great favour on all Oversea Markets.
OSTAINABLE T20M--- ..
A. S. WATSON & CO., LTD.
THE PHARMACY.'
THE COLONIAL DISPENSARY
WING ON & CO.
THE SUN CO. SINCERE CO.
AGENTS
Perfames for All Marketa of
the World.
VICENTE ATIENZA & CO.,
No. 54. NATHAN ROAD, KOWLOON. TELE 135.
DAIRY FARM POULTRY
CAPONS
2 lbs. to 51 lbs. Each
70 CENTS PER LB.
SPECIALLY SELECTED AND HUNG
READY FOR IMMEDIATE COOKING.
ORDER THROUGH OUR BUTCHERY DEPT.
THE DAIRY FARM, ICE & COLD STORAGE CO., LTD,
THE NAVY'S. CHOICE
Coates'
ORIGINAL
PLYMOUTH GIN
OBTAINABLE EVERYWHERE.
YOU KNOW
YOU WON'T WRITE
Dog's Head. Red Casket
CANTON STOCK EXCHANGE. year.
CLOSING QUOTATIONS.
"The following is a table showing the detailed, amounts in millions of Haikwan taals of exports and imports and excess of imports dur. ing the 17 years since the advent of the Republic of 1819-
Excess Year. Imports. Exports Total. of Imports. 473 370 843 102
403 570
+972 925
It was proposed that those mem- bers of the Chamber who still have notes of the three banks which re- cently suspended business, should" register with the Chamber so that it will negotiate with the banks for their rederuption
NEW QUOTATION
MACHINES.
PRESENT TICKERS UNABLE. TO DEAL WITH BUSINESS.
A CURB SEAT SOLD FOR G.$187,000.
New York, April 1
A STORY OF TO-DAY, tangled love, the laughs,
thrills and throbs of modern youth i
A fine film drama i
Lovelorn
AT THE
QUEEN'S
With
SALLY O'NEIL· MOLLY O'DAY LARRY KENT
FINAL SHOWINGS TO-DAY
At 2.80, 5.10, 7.15 & 9.20.
A spectacular film of circus life, directed by the
man who made "Way Down East."
D. W. GRIFFITH'S
SALLY
เ
OF THE
SAWDUST
with W. C FIELDS and CAROL DEMPSTER AT THE
WORLD
TO-DAY & TO-MORROW
At 5.15 & 8.20.
Installation 2.807.15-Chinese Picture with English Titles, "The Scarlet Maid"
in New York city of a new type of stock quotation ticker which will keep abreast of a market banding 1,000,000 shares a day will occur 2005, according to the Western Union Telegraph Co. Embracing a radical departure in the printing methods, the new ticker will record two to three times faster than the present type.
THE MAN OF A THOUSAND FACES
LON
CHANEY
restart installation force is being in a baffling
168 organized to put the tickers into
919 operation and the work will take
The Sun Company
CANTON, April 15. Water Works
8.400 Electric Light & Power...... 4.55 Canton-Hankow Railway... .49 92.00
Sincere Company
112.00
Nanyang Bros. Tob. Co..
4.70
Canton Tramways....
2.70
China Merchants'
Steam
191 1913..... 1914. 1015.
569
.. 356
454
Navigation Co.
34.00
1916......
518
549
48.00
1917....... 1978 554 465 1,040
431 469 1,012
098
34
*88
09
1918.......
10 1920....... 702 541 1,303
990
1921.......
*1,507 304
GOT
Central Bank of China
CANTON TRADE NOTES.
906
873 418
35 several months, Despite all methode
of abbreviation the present style of ticker is often as much as 90 minutes
behind current quotations on heavy
More Installation.
Extension during 1920 of ticker 200 service by the New York Curb Ex- 170 change to principal cities from coast to coast is expected by. E. 171 Bard Grubò, chairman of the com 259mittee on quotations
246
-1924. 945 €54 1,599 1923....... 993 752 1,878 771 1,789 White sugar imported during 1924. 1,019
7751 1,724 March amounted to 32,394 bags, 1995... 217.
884 1,968 groundnut oil to 14,808 kegs and 1926 1,124
1,031 peeled groundnut to 62,381 bags. 1927....... 1,012
£30 1928* 1,240
2,170
Total...13,914 10,422 23,636 9,709
During the past week, another large consigament of straw mate was exported from Canton. Straw mats are made in Canton and the neigh- bouring districts and are exported mainly for overseas Chinese.
.
Shipping business on the West Biser has been badly effected by the political crisis and several steamers have ceased running. The compétition of the Canton-Samshui Railway, which has recently reduced its fares, is also being felt.
*
+
Estimated
918
94
Plans have been completed for," 310 installation of the service by the middle of this month as faz West as St. Louis and South to Rich- mond, to include Louisville, Akron, Columbus, Youngstown, Minneapo
other cities.
From the above table we may findis, Milwaukee and a number of that during the past 17 years the Mr. Grubb said that 1,237 eurh total excess of imports over exportstickers are now in operation in New amounted to over Tis. 2,700,000,000, York alone. or around $4,000,000,000-Mex.
Further Details.
The detailed foreign trade con- ditions of the various chief ports during last year are as follows: (1) Imports. The amount for Shanghai Mangoes are unusually expensive was Tls. 690,000,000, showing an in- this year, the price being about $25 crease of 40 per cent. as compared for a box of about 48 catties, an with that of 1827; Hanków; Tis. advance of $7 to 88 on last year, 60,000,000, an increase of over 30
More than 2,000 tickers have been placed in operation throughout the United States and Canada since 1991, and the number of cities ser- ved has been practically doubled in the last year.
Arrangements have been made for sale of three Curb Market member- ships, one at 8175,000 and two at $100,000 cach. This is in addition
The fruit is imported from Manila per cent.; Dairea and Tientsin, to a scat sold last week at 8137,000, and California and small quantities Ts. 180,000,000 each, showing an the record price..
of rather inferior quality are pro- diced locally. The local crop has failed this year which accounts for the increased cost.
EXCHANGE RATES.
(FRITION WIRELESS SERVICE.]
Brussels.... Geneva Amsterdam
Milan
RUGBY, April 15.
.124.25
4.85-15/32
Paris
New York
dokon
34.95
23.27
12:08
92.65
Berlin
20.475
Stockholm
19.185
Copenhagen
18.21
Oslo
IB.20
Vienna
34,56
away.
Prague
Helsingfors
.164. 193
Madrid
32.625
Lizbon
1084
Athens... Bucharest
3713
818
Rio Buenos Aires
Bombay
Shanghai
So better send your old mess-mate
Weekly Press while he is Let us have his Address, and send us 87.50 and we will send it to him
FOR SIX MONTHS
Hong Kong
Yokohama
47.6/16
1/0 16/16" 2/0.. 1/11 1/10 1/32
Silver, spot & forward 254
increase of over 10 per cent. each; Tsingtao, Tie, 38,000,000, showing a
AMERICAN CHAMBER OF COMMERCE PROTEST.
detective thriller LONDON AFTER MIDNIGHT
AT THE
STAR
TO-DAY & TO-MORROW
At 5.30 Only.
9.15 THE ENGLISH COMEDY CO.-9.15
W
HEN YOU ASK FOR A BOTTLE OF
BEER, SAY
ST. LAMOI
decrease of 6 per cent owing to NEW IMMIGRATION QUOTA. the Tainaafu Incident (2) Ex- ports. The amount for Bhanghai was Tls. 350,000,000 showing an in- crease of 3 per cent as compared with that in 1927; Hankow, Tia 17,000,000, an increase of 40 per cent.; and Dairen, Tix. 160,000,000, Washington-Press reports state an increase of 5 per cent. As to that at the forthcoming annual other ports the amounts for imports session of the American Central all show a decrease to some extent. Chamber of Commerce, a report of The Tsinanfu incident cartailed the special immigration committee of the Chamber will be taken up. Japanese exports to China. Ao- cording to a report from a reliable for discussion, the report protest. source, the total value of Japanese ing against the institution of the commodities held up in Shanghai new immigration quota which is owing to the boycott movement detrimental to immigration from amounted to.-Y.18,000,000, and that many raband and the Scan P.
of commodities ready to be shipped
to China but held up in Japan, Y.25,000,000. Moreover, last year
dinavian countries.
It will be pointed out that the old immigration quota has work
was a year of national producte ed satisfactorily for all parties
encouragement
movements," The
efforts and determination of the
Chinese Government to develop
home industries were evidenced at
concerned hitherto.
the National Products Exhibition FANLING HUNT
held in Shanghai. Therefore, it has been stated that should there have been no Teinantu incident and no National Products Movement, the excess of imports over exporta dur- ing last year would have been much more than the estimated Th. $10,000,000
STEEPLECHASES SUNDAY
21st APRIL.
[7845
PLEASE!
OBTAINABLE EVERY JERE.
TOCAL DISTRIBUTORS ****
H. RUTTONJEE & SON,
HONG KONG, SHANGHAI, SINGAPORE, WEIHAIWEL
O.
Box 1, Hong Kong
is the Address.
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