1929-04-18 — Page 9

INTIMATIONS.

THY Continue to suffer when

WHY POO ON HERBS are within

your reach imples, Calarth, Asthma, Broschitis Cough, Constipation, Dis beton, Dropsy, Rheumatism, and many other Disode No Drage, Putely Thiness Herba

POO ON HERES CO., 86, Quake's RoXD CENTRAL, THE FLOOK. Txi. C. 500g

HOUSES AND FLATS.

"PEAK MANSIONS.” -

ITUATED within Two Minutes" Walk from the Tram Station and Overlocking the Southern Side of the Island. Ready for Occupation.

Fire-Boomed and Siz-Roomed APARTMENTS

THE HONG KONG DAILY PRESS. THURSDAY, APRIL 18, 1929.

Money and Markets

HONG KONG MARKET

REPORTS.

Quotations at yesterday's local market for rice and other food-

En were follows:-

Rice.

Per Picul. Red Single Star. Unglatinous 38.38 Black Three Coins

7.08 Chin Li Kui

7,64 Red Sun, Unglutinous Red Seal, Broken ..... Greeen Flying Horse Green Peacock

CANTON TRADE NOTES.

The cotton yarn market in Fat. shan is fairly active and prices have risen.

The bankers in the Sunwui dis trict decided at a recent meeting to abolish the Tael currency and adopt the Dollar_system.

*

0.92

*5.83 *.12.

...........

8.61

With the silk market once more active there has been a sharp rise in the price of the cocoons, from afteen to seventeen dollars for ten thousand.

W

Green Seal, Broken

6.62

Green Pearl

7.00

Green Pearl, Broken

6.34

Green Seal, No. 1 granulated 5.70 Green Seal, Pokmei

3.63

with all Modern Conveniences, Drying Booms and Out-bouses, Two Lifta,

Apply to-

CREDIT FONCIER .. D'EXTREME-ORIENT

4TH FLOOR,

FINCH BANK BUILDINS.

TO LET FLATS in HUTAREYA

CARRARION BUILDING

and

Kowloor, No. 5, BLAKLIONE TOVIRS, MAT ROAD.

Apply to

HUMPHREYS ESTATE AND

FINANCE CO., LTD., ALEXANDRA BUILDINGS,

То

(7393

LET OR FOR SALE-At FANLING (in Or Lex Village), Furnished or Unfurnished, 4 Roomed HOUSE with Garden and Garage. Moderate Price. Apply KWONG SANG HONG, LTD, 250, Drs. Your BOAD CENTRAL.

17965

COT TO LET NORMAN

TAGE," East, BETH'S Corner, Furnished 6 Roomed House. Gamage for Austin an

Early pecupation- Apply to PEROT SMITH, BETH & FLEMING

7659

то

Miscellaneous.

No. 24 Coarse granulated

sugar......

Mutieg

Peeled dried chestnut ...... Black Bean, Newchwang... Melon. Seeds, Newchwang... Shark's skin

White Sesame White Grapes

9 753 193.00 12.00 6.00 14.90

14.00

17.00

37,00

Green Flax

Bear's Paw

39.50

5.00

Canned Green Bean Canned Seal's Ment

.7.30 48.00

CANTON COTTON YARN

MARKET.

.During the past two days, a num ber of transactions were completed with the country district merchants, but retail sales were limited. Prices bave varied considerably and the market is uncertain. "No.. 20 has advanced by three to four dollars while fine yarns dropped from four to five dollars. Latest quotations are as follows:-

No. 6 Lion

$200 Lion. the Second ..... 188 Hut Hou

192 277 273 273

10 LET-ON LEE," Detached BOLAG On POLFELON ROAD, Commanding Excellent View, Within Ten Minutes of Town by Bus. Sear furnished. Gas, Electric Light, and Modern Sanitation. Garage. Extensive No. 10 Sailing Yesecl Grounds-Apply: ABNHOLD & CO.

LTD.

[7513

TO LET-Farsished, for SUMMER

то

MONTES: No.

28, PEAK-

LUGAED ROAD. Apply: Mzas PAL- MERTURNER

[7881

Excellent Crops TO LET Unfurnished from 1

APRIL

HACIENDA" No. 13 Golden City "LA No. 194, THE PIA, Hent foderate. Apply to Property Office, JARDINE, MATHESON & CO., LTD.

17491

R BUNGALOW, Furnished, for

DEPULSE BAY-To. Let, No. 2

Golden City

Peacock

Lotus and Bee

958

Double Lions

254

Five Lions

$254

Yan Chung

372

Tai Fat

270

Tak Lee

248

Peacock

Foo Kwai

Tramcar

Pretty Damsel

254 995 288 284 280 276

Aeroplane

294

Tak Lee

308

Foo Kwai

309:

Yan Chung

300

No. 20 Golden City

341

Globe.

334

Good Harvest

332

Fu Sing

330

Double Horses

332

Tin -Koon

338

Double Elephants

330

Ng. Fook

Yan, Chung.

318 329

SEVEN Months from JENE Next. Modern Sanitation. Telephone, de No. 1e Globe Apply: PEARCE, P.W.D.; or at the BUNGALOW.

<

[429

NOW ON

SALE

1929 Edition

OF THE

DIRECTORY

AND

CHRONICLE

The 67th Annual Issue

OF THE

Tramcar Shepherd Poo Yee'

Three Stars

No. 32 Pagoda

€86

DISTILLERY STOCKS IN BIG DEMAND.

WALL STREET „ ACTIVE.

EFFECT OF LIFTING OF LIQUOR BAN ON SHIPS.

METALS.

Mesars. Pentreath & Co. have kindly forwarded us the following letter, dated March 16, which they have received from Messrs. Hornby, Hemelry & Co.; Liverpool :-

Copper.

Closo yesterday :-Cash. £332.6; last week, 10.0 Three months, Esa.7.d; laat week, £83,17.6.

The American statistics may re- The Exports from the Federated vive the demand from consumers Malay States during. January and how, as they are not of a nature February this

year amounted to to reassure buyers. So far the bulk j. 16,732 tons Fine, an increase of from American consumers, but am of the buying pressure. has been 1,130 tons over the same period last

bitious, sebenses in the United King-

year. don and throughout Europe for | elèctrical development promise a good demand for some time ahead.

Our New York metal correspon-

There is little to encourage speculation at the moment, and the dullness is apparent also in New

Exchange has decided to inaugurate National Metal Exchange being denta cable that the National Metal York, the daily turnover on the trading in Copper Futures shortly. Į small,

Tin.

New York, April 11-A more clination to ease off in values, profit

The Standard market showed in buoyant tone characterized trading taking being mainly responsible,

Lead. during the later hours of to-day's although is is still considered that session on the New York Stock Ex- a result of the recent heavy Close yesterday: Cash, 19.5.0. recently in consequence of less -

a large "Ball' account must exist

Values have lost a little ground change, says the Dow Jones Finan-peculation for a rise. Yesterday, last week, £216.7.8. Three Months,.

however, there was a very sharp

concerning cial Agency in its daily review of advance on heavy speculative buy-York, May, 48.15c.; last week 48./.supplies and heavy declarations of

$219.10.0 last week. 91.7. Now prehension

Mexican

the market.

ing infuenced by the rise in the New York, July, 48.20c.; last week, Warehouse Lend, designed appar Call money was renewed at 9 per Hamburg, equivalent to £33-19-8

price of Electro to 20.25c. c.i.f. -19,30c:

ently to check "the inclination of Trading has been only of mo- the market to advance too rapidly. cent, compared 10 per cent. yesterdi. United Kingdom. The de

derate dimensions, and shorts" have During the past, ten days, over day, and held at that figure mand was chiefly met by longs to aucceeded in fording the three-ndvices being particularly strong, The undertone is Arm, American through the day. Some call money American Cepper Statistics for months price below 220 after re- and further important contracts peated attempts throughout the for Cables in the United Kingdom should create a good demand later The difference between Cash and on. Australian shipmenté during three-months has narrowed consi- | January-February are heavy, 30 derably as a result of the support that prospective supplies are likaly afforded to the Cash poellions by to be sufficient-for-all-needs the Bull group. This support con- tinues to be the one strong feature of the market, for although reports

*

ing profits.

five hundred chests of green and black to have been exported from Canton i Hong Kong,

was lent outside the market at 8 February: - About four hundred and twenty chests per cent, and the whole credit were filled with 'tea bricks.”.

situation looked slightly better.

Firmar,

#

The sale of artificial fertilizers has been practically at a standstill for some time. On account of the drought, the farmers have been 'un- able even to sow, so there is not mach opening for that line of goods at present.

*

A fair quantity of electric sup- plies are manufactured in Canton monthly and a consignment was ex- ported to Shanghai for the first time last week. The prices are said to be a little lower than those of similar foreign goods

*

*

The market for black tea is likely to be affected by the shortage of arrivals from Chimen in Anhwei, where huge quantities of black tea are produced annually. More than twenty of the biggest wholesale dealers in that locality have had their stores plundered recently by bandita.

*

Price of firewood has advanced' owing to the shortage of arrivals caused by the unreasonable imposi- tions of tax farmers in the East River districts Of late, a number of junks loaded with firewood were detained at Hoyuen and the fire wood merchants have appealed to the authorities to deal with the matter.

The prices of imported goods of all kinds have risen considerably in Wuchow. At present, the value of 8100 Kwangsi banknote is equivalent to about $60 silver. The fall in the value of the bankagtes has especially affected river ship ping as the boat fare is paid in banknotes and accepted at full Face value for the voyage from Wuchow to Hong Kong.

TRADE IN BLACK WOOD FURNITURE DECLINES.

Short Last

tons. moath. February Refined

putput 141,395 184,472 Domestic Deliveries 08,771-100,133 Exports.....

50,180 37,03 Refined

stocks

55,013 62,749 output

134,240 147,340

March 1 Blister

February Blister stocks March

1

Prices were firmer at the open ing of the market but drifted to lower levels in the first hour of trading. Quiet trading prevailed and orders were light with the big operators working very cautiously. After a period of weakness, how.S. Mine output ever, the market firmed again on the strength of reports that the publication of brokerage loans figures later in the day would show a big decrease. The decrease was announced later as $135,000,000.

As the favourable news circulat- ed, prices on both the Stock Ex change and the Curb Exchange ad- vanced simultaneously, the Stock Exchange showing gains before noon of an average of about four points

Distillers in Demand.

February

week

Spelter.

A firmer tone has prevailed, since of consumption in the United States the publication of the January are excellent, European demand statistics of World's output show leaves much to be desired, and, on ling a reduction of about 8,000 tons 234,951 230,096 the other hand, output proceeds compared with December. This be

without any attempt to being ing the first restriction month, the 54,769 86,681 l' checked..

result is considered satisfactory.

noticed about the

The market moved forward again as reliable news came out that in addition to the decrease in broker- age loans there would be no in-The first feature crease in the re-discount rate. The whole list showed some strength. Rublic utilities and the railway stocks were buoyant. Copper stocks rallied and the steels and Radio Corporation of Americn strengthen. ed sharply. Distillers stocks were in urgent demand, partly on the basis of favourable reports regard- ing the outlook for these com ugnies. National Distillers festur- ed the movement of these stocks.

Refriger-

ator is the steel

United States Steel Corporation common closed at 1891, up 14 over yesterday's close Bethlehem Steel Commons closed at 111 compaced casing on the top to 110 yesterday.

Anaconda up to 1442. The coppara closed higher. Anaconda Anished the day at 1441, up 1 and Andes at 64 compared to $1 yesterday." Nevada Con-

close at 501.

The making of black wood furni-solidated copper was up 31 to tkare has been in the past perhaps the most famous industry of Railway stocks also closed higher, Kwangtung. The beautiful design, Now York Central finishing at carving and construction of old 1831, up 34 and Southern Pacific Cantonese blackwood gave it a high at 128, up 1 Baltimore and Ohio **324 value in the eyes of connoiseurs was up to close at 1242

both Oriental and Western. But

321

325

228

460

Double Horses

450

Tia Koon

Fine Tree and Deer... 478

Sheung Hec

No. 42 Fire Sons

Butterfly

464 $92 554

582

Happiness

BERLIN. EXCHANGE.

Directory and Chronicle profit taking characterized the stock per picul, Wages have gone up

or

HONG KONG,

"fu

Berlin. April 11-Selling on exchange to-day as an increase of the Reichsbank's discount rate is generally expected. Potash and electrics tumbled. Prices fell from THE TREATY PORTS OF

2 to 5 points.

Frankfurt irregular and

·CHINA, JAPAN, COREA, INDO.

CHINA. SIAM,

STRAITS mainly weak, the depression being SETTLEMENTS. MALAY the result of the poor condition of

the money market. STATES, NETHERLANDS- INDIA. BORNEO, THE PHILIPPINES, Etc.

This Large Volume "of approximate- ly 2,000 Pages gives, in addition to the Usual lists of Firma," an Alphabetical List of Residents in the Far Eact containing the Names of Mearly

20,000 FOREIGNERS. Arranged, with the initials as well

as Burnames in strict alphabe tical order so that any name can be found instantaneously.

CLASSIFIED LIST

OF

IMPORT AND EXPORT MERCHANTS

AND

MANUFACTURERS

13 232

FAR EAST.

was

Hamburg reports a dull day ow- ing to the fears concerning the dis- count rate,

Berlin exchange quotations:

New York

London

Paris.

Amsterdam Rome

4.917.

20.47. 16.47. ..160.24.

22.07

....EXCHANGE RATES.

(BRITISH WIRELESS SERVICE.].

Faria New York Brussels

Geneva

Amsterdam

RUCEY, April 18.

194.255

Milan Berlinss Stockholm.

Copenhagen

Oslo....... Vienna

Prague Helsingfors Madrid

4.53.13/32

24.953 25.22

12.00 82.70

20.475

18.173

18.205

18.395

34.56

· 184.

193

32.005

1081

375

-818

47 5/16.

LARGE EDITION (WITH

Lisbon

MAPS & TREATIES)... $12 SMALL EDITION “

Athent

Bucharest

$8

Buenos Aires

Rio.....

Bombay:

Shanghai

6 29/32 1/8 20/32 2/6 Hong Kon

1/113 Yokohama

1/10.1/64 Silver, pat & forward 23 13/18

HONGKONG DAILY PRESS, Ltd.

lee House Street,

Hong Kong

In the communications American

Olls Unchanged.

The oils showed little change, holding their own despite the in- creased production statistics. Stann dard of New Jersey closed un- changed at 421. Texas Corpora tion Common closed at 841, up 1 while Shell Union was up to close. at 99. Marland oil was off to close at 414. Philipps Petroleum was up a quarter closing at 41

this industry has sadly declined Telephone and Telegraph closed at specially during the last year. The 220, up 3 and Radio Corporation Chinese themselves are taking to of America at 961, up 21. Western made furniture and the market is being flooded with valu- able old pieces of blackwood which are being turned out of the houses of semi-westernised Chinese to make room for European furnish inga. Though the price of black- wood furniture has in consequence fallen very considerably the cost of the wood which comes in the main from Siam--remains approximately the same varying from 812 to 85 during the last few years and craftsmanship unfortuately seems to be on the decline with a conse- quence that the foreigner will not buy modera blackwood as long as the supply of old pieces lasts. It seems probable that before many years have passed the tide will have changed and the Chinese will realise once more the beauty of their national style furniture, in which case the value of blackwood especially if old will rise high. In the meanwhile more than half the workers formerly engaged in this industry are unemployed.

#

Sales to-day were 3,101,830 shares.

Rediscount Rate Unchanged. The rediscount rate has been re- tained unchanged.

The brokerage loan figures for the week ending to-day show, a de- crease of $135,000,000.

U.S. FEDERAL RESERVE BOARD,

A POLICY OF WATCHFUL

WAITING

Washington, April 10-An at titude of watchful waiting." may characterise the policy of the Federal Reserve Board in future regarding speculation it was in- dicated to-day, following the close DID NOT KNOW NATURE OF df the meeting of district governors

AN AMERICAN BUYS :

WHISKY STOCKS.

BUSINESS1

New York, April 10:-Represen- tative L. C. Dyer of St. Louis, Mo., Republican, has written the Board of Directors of the New York Curb Market Exchange demanding that he be reimbursed for losses suffered from purchases of stock of the Hiram Walker Distillery Co, ac cording to the New York Evening

Past.

Rep. Dyer states he purchased block of stock in the company with cut knowing the exact nature of its business and later discovered it was distilling whisky. He sold his stock

of the Federal-Reserve system and representatives of member banks.

The Board probably will continge its pressure upon its member banki to induce them to cease lending money for purposes of speculation.. However it will not take any posi tive action, it is believed, until after the feturn to Washington of Mr Roy Young, the governor of the Federal Reserve Board. Mr. Young is away on the Pacific Coust on a pleasure and business trip and will not return bere for about a month.

It is understood the Board hebitates to approve an increas in at a loss when he learned the com | the Yo-discount rate because of the pany's business data in possible bad effect this would have In appealing for reimbursement on general business. The Board for losses he suffered in the deal appears to be waiting to see how the Missouri Congressman laid the its present programme will work Curb Exchange should not have put before it takes any further ac-.) sold the stock, and that listing the tion, such as threatened in its state- stocks of whisky distilleries asentof last work on the credit illegal

situation.

of the cabinet, con-

taining the silent

and highly efficient

motor.

4

WHY

ON THE TOP?

It is so

placed

that heat extracted

from the cabinet

and generated

the motor is dis-

sipated above the

cabinet.

FOR ECONOMY AND SIMPLICITY

ECONOMY

The General Electric Refrigerator is unsur.

passed, and its consequent popularity both in England and America have created

wide-spread and increasing demand.

because of the moderate first cost, freedom from trouble

installed and low current consumption.

SIMPLICITY because of the lack of "gadgets" to get out of order; no fan, belt or

drain-pipe

no oiling is ever required.

Motor and Refrigerating Machinery are totally enclosed, and cannot be tampered

with by servants.

Once connected to the wall plug, it starts

and

stops automatically as necessary, and requires no further attention;

therefore you can

INSTAL IT, AND FORGET IT.

GENERAL ELECTRIC

Refrigerator

can be examined and its Simplified Electric Refrigeration explained at the

following showrooms

THE HONGKONG ELECTRIC COMPANY THE GENERAL ELECTRIC CO. OF CHINA

and at the

Sole Agents for Hong Kong and China: ANDERSEN, MEYER & CO., LTD.

[APMA]