1929-04-26 — Page 9

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THE HONG KONG DAILY PRESS. FRIDAY, APRIL 26, 1929.

Money and Markets

HONG KONG MARKET REPORTS.

Quotations at yesterday's local market for rice and other food- stuffs were as follows:-

Rice.

Blue Lion, White

Siamese, White Braa

Per Picul. 87.02 3.21

Hung Fung Tse

6.23

Green Seal, Unglutinous...

6.87

SAFE

Black Seal, White Broken...

8.10

Black Seal, White Bran

3.93

Hung Muk Keng

Woo uk Keng

Ching Ng Sing

Hung Ng Sing

8.57 7.88 6.30 6.33

Blue Sen), No. 2 Granulated 5.31 Black Seal, Pokmei

-6.65

Red Seal, Pokmei Bran, 2.49 Red Seal, No. 2, White..... Red Star, White Broken,

8.83 8.90

QUICK Nobody can put better. Whisky into any bottle than that which goes into the Haig bottle.

SOLE AGENTS :—

Doctors are using 1" Judges are using it

Sufferers from acidity

find li preferable to

any other stimulant

GANDE, PRICE & CO. LTD.

TEL. 0. 135.

HONG KONG.

FRESH EGGS

From imported Leghorn Fowls. Limited number available daily 6 Cents Each.

HATCHING EGGS

From Registered white Leghorns recently imported from Canada At $3.00 Per Dozen.

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

STAR

THEATRE.

FOR A SHORT SEASON

TO-NIGHT

At 9.15 p.m. SIGNOR CARPI'S ITALIAN GRAND OPERA CO. DIRECT FROM MILAN 75-ARTISTS-75

THE BIGGEST COMBINATION OF STARA EYES BROUGHT TO THE East, FULL ORCHESTRA, CHORUS AND BALLET

To-night

"LA TOSCA " Apr. 28. Satur. Apr. 27.LA TRAVIATA.”

Sun.

Apr. 28.

Mon

"BARBIERE 'di.

SIVIGLIA

Apr. 28,

Tues

Apr. 80.

"

MADAME BUTTERFLY"

"CAVALLERIA

RUSTICANA"

and PAGLIACCE""

Booking at MOUTRIE'S and STAR.

Prices: $4, 83, 82 & $1.

the

ON SALE.

DOUND. VOLUMES of BHONG KONG PRESS, July to December, 1928.

WEEKLY

WITH INDEZ, PR102-$7,50.

On Sale at the HONG KONG DAILY

PRESS OFFICE.

THEATRE ROYAL

Three Farewell Performances MONDAY, TUESDAY AND WEDNESDAY, APRIL 29, 30 & MAY 1.

THE BANVARD MUSICAL COMEDY

COMPANY

BY GENERAL DESIRE, MONDAY, APRIL 29, AT 9.15

**CLOWNS IN CLOVER"

TUESDAY, APRIL 30, AT 9.15

LIDO LADY"

44

Miscellaneous,

No. 4 Coarse granulated

sugar

No. 26 Nutmeg .....

8 7.25 $54.00

Black Bean, Chingyan...

6.60

White Grapes

39.00

Anisced

18.00

Wood-tar Oil

31.90

Dried Pealed chestnut

11.30

Red Melon Seeds

21.80

Red Tea

37.00

Dried Mushroom, Mokor.

460.00

Hami, Yunnan

73.00

CANTON COTTON YARN

MARKET.

According to a Shanghai cable, the Chinese cotton yarn market're mains unchanged and the Price of Japanese yarn has dropped two taels. In Canton, the prices have further declined especially for fine yarns, being three to four dollars lower. Both selling and buying are limited. Latest quotations are as follows:-

No. 42 Five Sons

Rutterfly

"

Happiness-i....................

$591 578

328 379

312

No. 32 Pagoda

450

Double Horses

404

Tin Koon

+86

Pine Tree and Deer :..

40G

Sheung Hec

482

No. 20 Golden City

344

Globe

-339

Good Harvest

338

Fui Sing

3344

Double Horses

334

Tin Koon

340

Sheung Cheung

332

Ng Fook

317

Yan Chung

330

Tram-car

Shepherd

Poo Yee

330

Three Stars

330

No. 16 Globe

308

Foo Kwai

302

Yan Chung

No. 12 Golden City

300 298

288

288

Poo. Yee

287

Tram-car

285

Pretty Damsel

277

Aeroplane

235

Tak Lec

234

No. 10 Sailing Vessel

Golden City

270

Peacock

271

Lotus and Bee

258

Double Lions

$357

Five Lions

956.

Yas Chung c

Tai-Fat

Tak Lec

Excellent Crops

No. 6 Lionge

Lion, the Second Hut Hou

972 270 ZER 248 200 .188.

188

Peacock

Foo Kwai

CANTON RAW SILK MARKET.

-

APRIL 23.

WEDNESDAY, MAY 1,4т9.15 REPORT FOR WEEK ENDING

AN ENTIRELY NEW REVUE

WILL BE PRESENTED

POPULAR PRICES: 83, $2, & $1. BOOK AT MOUTRIE'S $3 ONLY.

Dont worry

In here!

ETNO

At the moment of writing reports μL firmer from Japan indicate

rise in exchange market and rates, but so far our market has not been affected by this news.

Holders however keep their prices steady inspite of the present small

MESSRS: GANDE, PRICE & CO., LTD.

·YESTERDAY'S ANNUAL

MEETING.

YEAR'S LOSS OF $2.000.

The twenty-second annual meet- ing of Messrs. Gande, Price &Co., Ltd., was held in the offices of the Company, St. George's Building yesterday, Mr. S. C. Pang, Manag ing-Director, presiding.

There were present Mr. Kenneth Chan and Mr. Leung Yan Po (Direc tors), Messrs, Pang Kwok Sui. Pang Kwok Fatt, D. Kumjahn and S. Yamauchi (shareholders) and C. Bond (secretary).

Addressing the meeting, the chair, man' said

Kasner Competition.

Your Directors, regret the resulta for the year under review shew a loss on working account of 82,000.30; this amount together with the debit balance of $1,076.42 brought for- ward from profit and loss account at December 31., 1927, makes a debit balance of $3,085.72 which your Directors propose to carry for- ward to 1929..

During the past year we have had lar keaner competition than in pre vious years and to meet it we have had to reduce our selling prices, which while benefiting our custom- ery has reduced our profts. We were also very unfortunate in cor- became tain old stocks which ullaged and depreciated in bond, thereby causing a heavy loss. Not only had we to bear the loss of the ullages but we were called upon by the Government to pay duty on These two items are the them. only cause to which we can attri bute our losses, which under the were unavoidable. circumstances When addressing you at our last annual meeting I stated that your Directors had every confidence that the fature outlook was more pro- mising and we had every hope that our relations with the outports would again be "resumed, but I I regret to state that owing to the. extra duties enforced by the Chi- nese Customs together with the un settled condition of China hopes have not been fulfilled.

Two New Houser.

our

HONGKONG HOTEL ROOF GARDEN

The Steamship arrangements of The Banvard Musical Comedy Company

having necessitated their return to Hongkong en route to Singapore, they will present a special

CABARET ENTERTAINMENT

In the course of

DINNER DANCE

at the

HONGKONG HOTEL ROOF GARDEN

on

THURSDAY, the 2nd May.

The Cabaret Entertainment will be similar to that so successfully presented on the 8th April, but with a change of programme. Dancing will alternate with - Cabaret items.

As accommodation is limited, and so many of our patrons could not be given tables on the previous occasion, - you are requested to reserve your dinner table at once, please, to avoid disappointment.

Charge $7. per head Reservations: Hongkong Hotel only. THE HONGKONG & SHANGHAI HOTELS, LTD.

HONG KONG STOCK EXCHANGE

CLOSING QUOTATIONS.

H.K. Banks

Do Chartered Banks. Marcantile banks, A. &B...£3

Do.

0. Banks

1000.

25, 1929, APRIL ...$1,230 Bel. London...2132) nom. We have, however, completed

List bay. two European houses above our godowa, No. 161, Prays East, which

0...215) Dom. are both let and how a good return

.291 noi. ** on our investment. We are, there-ast Asia Banks

$90 nom. ...$695 bay. fore, looking forward to an increas

...1973 sel. ed revenue in this quarter and now Canton Insurances..

Onion LosaranOES with more settled conditions in North China ID

160 buy. South China, the Directors have Yangiare Insurances...... $50 nom. every reason to hope that at our Obins Underwriter... 12.10 buy. 2.30 sel next annual general meeting the Chins Firs results will be more to your satis H.K. Fira ina. faction.

In conclusion, Gentlemen, I have much pleasure in proposing the adoption of the report and state ment of accounts as placed before you, and after they have been seconded I shall be pleased to an- swer to the best of my ability any questions the shareholders may care to ask.

were

The report and accounte seconded by Mr. Pang Kwok Sui and carried unanimously.

Mr. Kenneth Chan was re-elected

to the Board of Directors on the proposal of Mr. C. Bond, seconded' by Mr. D. Rumjahn.

Messrs. Lowe, Bingham and. Mat thews were re-elected auditors for the ensuing year on the proposal of the Chairman, seconded by Mr. Leung Yan Po.

CANTON TRADE NOTES.

...$290

bay.

el.

H.K. Steambosts 244 buy.

BUND H.K. Tog....52.43 Indo-China (Pref.) ......$10 now.

Do (Dol) ......$70 nom..

..00/- nom: Shell Transporta Union Waterboats................ Benguets 2 bay. Kailan Mining Adarin.... nom.

14 nom. Langkas (combined....Tis

„Tia. 7) nom. Tis, 2.90 sel.

&no. (ringie) .....

Explorations..... Shanghai Loans Tis. 41. BARD*********** Tranch Hines

444

PENANG AND RUBBER RESTRICTION.

TWELVE MONTHS TRADE REVIEWED.

Penang, April 17-The thirty

of third annual meeting the Penang Chamber of Commerce was held yesterday, with the Hon. Mr. J. M. Milne in the chair..

The Chairman "reported a de crease of approximately 10 per cent. in the exports and imports of Penang for the year 1928 as com pared with the previous year.

With reference to trade he said

THE MILLION. VOLT CONTROLLER. WHAT BRITAIN'S EDISON IS DOING.

There is a kind of international brotherhood which exists between the nations for the acquisition of knowledge concerning electricity. This was admitted by Dr. E. H. Rayner, the Edison of Britain, to a Daily Express representative who journeyed down to Teddington to see some of the wonderful work which is being carried on at the National Physical Laboratory.

to

Economy.

In

Dr. Rayner is primarily in the year under review was probably charge of the new High Voltage one of the most momentous they Laboratory, where research work is had experienced since the period of being carried out at anything up to a million volts for assisting in the poat-War slump. With it bad the development of apparatus for passed away, finally and for ever they hoped, rubber restriction with high voltage transmission schemes, whatever virtues or follies its including the national system to be respective supporters or opponents erected in this country. might be able to claim. He thought

"We must have an increasingly they might safely leave it to his- torians of economics to pronounce high voltage," Dr. Rayner explain the final verdict, but he was zure ed. "for reasons of economy. most of thein fervently hoped they order save copper the high $6,65-mczu.

might in future be able to pursue voltage cables must not be too .17/6 non

$112 buy.

their avocations without. as far as large. London, underground, is al- 136 sel possible any form of government ready a network of cables, and one 4.30 sel control. Almost anything was bet is very restricted as to space. Lack

ter than uncertainty and it might of space involves high voltage. Tis, 5.60 nom.

be said that during the greater "In a few years London will Th.197 nom.

part of 1928 their trade generally have a vast network of 60,000 volt TL. 13 bay. was severely handicapped by the uncertainty of what was to happen with the final lifting of restriction. The exports of tin from Penang to the United Kingdom, Europe and North America for 1928 showed an increase of over 22 per cent. compared with 1027.

""

$ 1.07ig buy.

Ta

HK & K. What H.K. & W. Docka .................... Chins Fruvidents 4.15 Ho Bongke New Engineerings Shanghai Dooks, Ewo Lotions Oriental Cotton......... Tis, 1.95 buy. B'hai, Cottons (old)......The. 72 sel.

Dai (new)......Tls. 33 nom. HK&S. Hotels.......18.70 buy. The market for lustring is ex-LK. Lands 61 bar,

143 nom, Shanghai Lands ceedingly good this year. Lustring Humphreys Estates.....$14.86 nom. is generally imported from Shaa tung in considerable quantities, and is used for making uniforms of officers, and students also wear it. In spite of a big demand, the price remains law.

*

Over 380 bales of tobacco have bees, exported to Shanghai A moderate demand from New

and Malaya from Canton since the York and Lyons has continued dur10th inst. Tobacco is produced in ing the past week, and a limited huge amounts in Hokshan and amount of business was booked. Nabung districts and besides sup- plying the needs of the province Values are unchanged.

large amounts are exported.

What with the famine and the war scare business is worse than ever in Wuchow. The money mar ket is in confusion and the state of the river still bampers, traffic. Last year about two thirds of the merchants bad to face losses and Mex. things have been on the decline ever $1,020 since. 14/16 N.S. Crack Chops...... 20/22 N.8. Ex. Ex. A... 050

1,010 The price of rice continues to advance in the country districts, especially along the East River, In many places the poorer classes are unable to afford rice and are CANTON STOCK EXCHANGE. Living, mainly on potatoes. Pota

demand.

Quotations are:--

·A Welcome 13/1 0.8. Best 1. Visitor

at any time in

every Every

household. Bug, Flea, Eeetle, Moth, Fly, etc., dies

once it has come into proper contact with

KEATING'S

CLOSING QUOTATIONS.

CANTON, April 24.. Water Works

83.00 Electris Light and Power... 4.60 Canton-Hankow Railway

... 0.46 93.00. 112.00 4.60 2.70

The Sun Co.

Sincere Co. Nanyang Bros. Tob. Co.

Canton Tramways

China Merchants' Steam

..

48.00

Nav. Co. a. Central Bank of China...

54.00

*

toes are, however, mold, at over a dollar per picul which is twice the price they were three months ago.

Owing to a fall in the price of groundnut oil, peeled groundnut is also suffering a slump: Arrivals are large but the demand is small Over eight thousand bags of peeled groundnut were imported two days ago but they are held up-pending improvement in the market. The current price varies from tom to eleren dollars per pioul. (Continued at foot of next, column).

Star Ferries

Tis

FK Beaties ................... $8.35 nom

($18.10 buy,.. K. Tramways...

18.30 sa Feat Trims (old).........12 buy.

(new) 38.80 nom. Do.

***$57 sel Ubins Lights 1385 buy, 13.45 sal HR. Electrics. $58 boy, &, 56) sel. Macao Ellestrica....... 118) Dom. Sandakan Lights 2 cal. Telephones $7 buy.

Ti is buy. China Buson.............. Singapore

11/6 nom. Tractions......

(Pref.)......16/6 buy. Chins Sugars $1 nóm.

Malabon Sugars.27 bay, Cauton Ione........$14 bay, 190 sal, Cementa (combined)......8.60 rel.

Do. (old)37.80 mom. Do. (new) 1.40 nom. H.K. Bate senate United Latest$5 bay. Dairy Farms $10! el

....$16.20 com Watsons Der A Wing\....

80 cta, buy. Lane Crawforda.. Mackintosha..... Wm. Powella..... EL.K. Amusements 33 buy. ELK. Constractions... sol. B'que, Indus, G. Bonds.66% buy. B. Gork Loans.....71% pram. buy. buy-bayern; sel-sellera; so.—salos; }

$18 bay. ...81% boy.

33.66 num..

Dom-nominal.

During the last, ten days, 855 chests of native cloth were export- ed from Canton. The weaving in- dustry, according to the vernacular press has been doing extremely well as a result of the prohibition of the anti-Japanese Boycott. Besides meeting the needs of local residenta the exports mentioned have been Chinese in made to Malaya

overseas

cables.

..

"For three years we have been working here on methods of mea surement of loss of energy. It is a task that is full of pitfalls, and the elimination of error is by no means easy."

High voltage work, however,

1.

The rubber industry had under- gone a searching test during the forms but a part of what is being past year and be did bet think carried out in the National Phy there was any reason for doubt resical Laboratory.

In some of the other buildings all garding its future. With the final removal of restriction the close of kinds of ingenious machines may the year saw the price at practical be seen at work. ly Sd. per pound, and considering the severe strain of the transition period he thought it might be said that the results somewhat confound ed the prophets of woe.

The Chairman moved and Mr. Robinson seconded the adoption of

One of the most intereating of these is a device for testing the powers of a metal rod to withstand every conceivable kind of stress. When the rod finally breaks, hay- ing suffered anything up to a mil- lion different alternations of stress

the report and accounts and the in a week, it automatically stops motion was carried unanimously the machine, which can, consequent- Mr. Milne was re-elected chair-ly, be left day or night to carry man and Mr. Robinson was elected on its work of torture alone. vice-chairman, and the five com- mittee members are Mensre. Mais, Crisp, Martine, Temperley and Souter-Straits Times.

EXCHANGE RATES.

(PRITISH WIRELESS SERVICE.)

Paris Geneva

Berlio Oslo Helsingfora Athensbor Buenos Aires Hong Kong New York Amsterdam Stockholm

RUGBY, April 24,

124.171

25.21

90.47

18:20

193

376

47 0/32

1/114

4:05 11/22

12.08

18.16)

34.54

34.02

Vienna, Madrid. Bucharest

818 (Continued at foot of nezt column).

A weird-looking vehicle, remini- scent of a pre-war motor-lorry, has had ingenious devices attached to it for testing various road surfaces. Another machine is doing its best. to smash a spring, testing the spring's powers of resistance to every possible kind of strain.

In one room an enormous wooden box contains a complete model of the interior of the House of Coma- mons. In this experiments are being conducted to discover the best way of ventilating the chamber where M.P.sventilate their grievances.

Bombay

Yokohama Brussels

Milan

Copenhage Prague

1/5 16/61

1/10 1/13

34.041

92.07

18.201

161

108

Rio

Shanghai

Silver, epot & forward 254

Lisbon

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