1929-05-18 — Page 9

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Money and Markets

HONG KONG MARKET

REPORTS.

Latest market quotations for rice, cotton yarn, etc. are as follows:-

Per Picul $7.50

5.60

7.80 9.95

Rica.

ABRAM-

No. 1

No.

No. 3

No. 1 Inglutinens

7.35 7.00 7.20

No. Unglutizous

White Bran

Tonquin

No. 1

7.00 2:92

7.30

No. 2

7.05

No. 3 Glutinous

7.90

Reddish Bics

Siam

No. I

No. 2

No. 3

White Bran

Flour,

Per Вая.

Double Flags

Five Swallows

Apple

Big Gun....

2.80 2.88 3.10

Binana

2.80

Banana Tree

9.99

Golden Ox

Golden Melon

Blue Gunboat

Globes

0.79 9:18 2.78 2.52

Cotton Yarn.

No. 20 Yellow Buddha

Po Loy

$200 #12

Sun Po Loy

210

Choy Kou

215

Blue Phenix

No 12 Chia Kin

0.43 193

Sheung Econ

193

Parrot

182

Kum Hang

Tai Fat

178 181

Miscellaneous.

No. 18 Coarse Granulated

COTTON REPORTS.

THE HONG KONG DAILY PRESS, SATURDAY, MAY 18, 1929.

HONG KONG SHARE MARKET.

BENJAMIN & POTTS WEEKLY SHARE REPORT.

The price of Fushun coal has fallen and there is an overštuck in |

CANTON TRADE NOTES. CANTON STOCK EXCHANGE.

CLOSING QUOTATIONS.

CANTON, May. 18.

84.05 4.50

Hong Kong

*

Large hipments of black tea are Water Works... expected to arrive in the City Electric Light & Power...... shortly. Cheaper prices are anti-Cacton-Hankow Railway HONG KONG, May 17.

cipated.

The Sun Company We have received, by the courtesy

During the period under "review

Sincere Company. Arrivals of cattle, pigs and

Nanyang Bros. Tob. Co. of Messrs. Pentreath & Co. thewe-have had a very quiet and un-

poultry are short, resulting in

Canton Tramways interesting market with a small

higher prices. Prices of vegetables China Merchants! Steam Navigation Co.......... volume of business passing and ferare, however, as usual. changes in prices."

Central Bank of China

following report, dated April 23, from Messrs. Hornby, Hemelryk & Co., of Liverpool:

American Cotton.

The market has been distinctly easier during the past week, and values are about 35 points lower than a week ago. The decline is partly due to anxiety in this country as to the outcome of the General

Banks-Hong Kong and Shang hai Banks in sympathy with the recovery in the London quotation to £133) (Middle) have buyers locally at 81,223 and sales were made at this rate.

+

Over x hundred and thirty chests of wolfram mined in the North River districts were recently Hong Kong from exported to Cunton.

NATIONAL WAR ON SCANDAL

VICAR'S IDEA STARTS A CRUSADE.

A national campaign against 0.50 scandalmongering has been started. 88.00 quite against his own desire by the 118.00 vicas of Ethall, a quiet little

440 midland village near Coventry.

30

89.00

The Rev. Frank Melville suggest ed in his parish magazine that his 19.00 parishioners should form an 'anti-

candal club.

"I never thought anything would come of it." he said so a Press re

"I meant it all presentative

BERLIN EXCHANGE.

right, but I wrote it half humorous- ly. The next thing is, I receive Since the fighting on the West

Berlin, May 10.-The stock ex-letters from all over England con- River, very little salt has been exchange opened in an erratic tone gratulating me, and asking me to ported to Wuchow from Canton. account of the continued scarcity extend the club to cover the whole Current prices have risen to ever of money and the fear that another of the country. Some of the writers

tion on record.

Election, and partly to reports of and are on offer at 8363. Canton a dollar a catty, the highest qua increase of the discount rate must tell me their lives have been ruined.

Marine and Fire Insurances Unions were dealt in at the outset at 8370, but have since weakened have buyers at 8095 and China Fires at $300. Hong Kong Fires have lapsed to a nominal quotation of $775

be expected. There were large ty scandal." s

Mr. Melville is a merry little Banknotes of the Central Bank offers with prices weakening in of China have risen to about 78 spite of a number of orders from Yorkshireman, with the sort of face per cent, of nominal value in Fat America. Feeling remained nervous that makes you feel cheerful just to shan. In Canton on Thursday, the throughout. Frankfurt and Han look at it, and a lively manner Central Bank Notes rose to 67 per vurg also report nervousness with that is effervescent with good

little business being transacted.. humour. cent of their nominal value.

Berlin exchange quotations:-

New

+

#

good weather in the South, which 9-12 naturally caused people to increase 8.45 their ideas regarding the probable outturn of the new crop. As far

Shipping-Preferred Indos have as Lancashire is concerned, there further risen and ars in demand has been a little more business pass at 847 Small sales of Douglas $9.78 ing during the past week. The dethe quoted rate of 833. Tags and Steamships have taken place below

On account of the prolonged mand from India has been more Lighters are enquired for at grainless season, the quantity of salt! encouraging, and the enquiry from Steamboats are unchanged with produced in Kwangtung is un- usually large. But as a result of China has also shown a little im- sellers at 826.

the military activities, when trans- provement in spite of the abandon- Docks, Wharves and Godownsportation has been rendered diff- ment of the boycott of Japanese Hong Kong and Kowloon Wharves cult, the market has been over-

are wanted at 8121 but no shares stocked. goods in that country. We read

are available at this price. Whar that one very big spinner is Lanca poa Docks were taken off the market shire is reverting to full time, which at 833. China Providents are in lecks as if orders are a little more demand at 841. Shanghai Docks were egotiated up to Tls. 129 but plentiful in some departments. On closed casier. New Engineerings the other hand, an unofficial strike are a shade higher at Tha. 5.83. in Oldham is causing some anxiety. The emergency committee of the Master Cotton Spinners' Federation meet to-day, and it is hinted that they may recommend a general lock

Our advices both by mail and by

Sugar

No. 24 Coarse Granulated

Sugar.

Fish Maw

White Sesame

Green Bean

Green Flax

Black Date

Sngo...

Bear's Paw

80.03

#.33 510.00 17.00 7.50 26.50 30.00 8.50 6.30

Lands, Hotels and Buildings. Hong Kong and Shanghai Hotels have been the medium of a fair turnover at $8.85/89, though a few shares are obtainable at the close at 85.00. Hong Kong Lands at "862, Realty's at 88.35 are steady as

The perfume industry has been OD the decline and exports have the greatly decreased, due to foreign competition. On Wednes day, only two hundred packages of powder and three hundred dozen tablets of toilet BOOP of native make were exported to Hong Kong and Wuchow respectively.

Loadon Paris Amsterdam Rome

4.2175. 20.462. 16.475.

100.39. 99.09.

OPIUM SMUGGLER.

ARRESTED AT TOWNSVILLE

*

"I Shall Go On With It.** Now that this national move- ment has started itself I shall go on with it, he said. The funny thing is my own people are the least keen about it of anybody. It is q mistake, however, to imagine that I am accusing my own village of being scandal-ridden..

"Scandal-mongering is a terrible scourge that is responsible for more broken hearts and suicide than one cares to think of. Why, the first living I took as a clergyman I Fifty tins of opium were found followed a man who had hanged in the possession of James Cameron himself, and in the last one I took Fury, who was arrested at Towns my predecesser had strangled bim- ville, Brisbane. when about to self." board a train for Cairns. Fury,

Melville, explaining the

enrolled

Hosiery has been doing exceed-who was afterward charged at the "Mr. ingly well in Canton during the police court with having the opium scheme, said:- last few years, and the number of in his possession, was fined £100,"People who are

*5

ECZEMA IN RASH ON BABY

Covered Head and Face. Healed by Cuticura.

"My Joby bad ocjena break out on his head and face in a rash; The Irritation got worse, the eruptions breaking out and completely covering his bead sad face. We had to bang- age his face and head and cot bla hair of. The child was unable to sleep many minutes at a time, night or day.on account of the irritation.

“A friend recommended Curlönes Scap and Canement so we purchased. * box of Glamment, and a tables of Soap and in a few days the eruptionsa dried up. He was healed." (Signed) Mrs. A. Golland, 31, Asfordby St.. Mr. Evington, Leicester, Eng.

Cutions Soep, Olstment, and Tai- "ext are ideal for daily toilet uBC)-

Sample cash Soap. Ointment and Talcum free upon request, from Dayton Pike & Company Lad, P. O. Box 650, Jhunchaki, Bold Throughout the World.

CHURCH NOTICES.

ST. JOHN'S CATHEDRALT, Нола Кола.

Mr.19. 1929, Whit Sunday :-

Choral Bacharikh a 8 an.. Children's Service at 10a.m. Feak Sunday School at 10 a.m. Nating still 22:

Preacher Rev. H. Y

Koop Holy Communion at jî noon Evensong at 6 r.m.

Pre chor-The Dess.

Spécial Notices.

HIT MONDAY.-Holy Cora naon at 7.45 1.20.

197

FIRST CHURCH OF CHRIST, SCIENTIST.

out unless the strike is abandoned Humphreys Estates at 814.35 and i factories has greatly increased. or in default six months' imprison- members win wear badges. I have (Branch of The Mother Church,

cable state that textile activity in America continues fairly satisfac

tors. Some reports to hand speak of increased cloth sales. The dis- tribution of American cotten to the world spinners was 279,000 last week, against 28,000 bales last year, which brings the total so far this season to 12,823,000 bales, an in- crease of 739,000 bales over the dis tribution for the same period last year. The total visible supply is now 4,020,000 bales, compared with 4,229,000 a year ago. As will be seen from the above figures, the statistical position of American According to A cable from cotton is quite strong, but there is Shanghai, the price has dropped by increasing competition from out one tael. The Canton market re

side growths, the visible supply of maine dull and prices are three to which has now risen to 2,400,000 four dollars lower. Latest quota-bales, which is a record, and this tions are as follow:-

has also been somewhat in the No. 8 Lion .........

$190 nature of a deterrent.

CANTON COTTON YARN MARKET.

Lion, No. 2 Hut Hou

No. 10 Sailing Vessel

Golden City Peacock

Lotus & Bec

150

182

250

1.247

At the present moment, the market is pessimistic and will prob ably remain so for a short while, but we warn our friends that any 248 threat to the crop which is being planted, either by less favourable weather, or by boll weevil activity, 24 or an increased offtake by spinners, would cause an immediate revulsion

253

240 240

Double Lions

Five Liens

Yan Chung

Tai Fat

248

Tak Lee

246

Excellent Crops

2231

No. 12 Golden City

Peacock

Foo Kwai

Poo Yee

Tram-car Pretty Damsel

Aeroplane

Tak Lee

No. 18 Globe

Foo Kwai

Yan Chung

No. 2 Golden City

quotations.

Public Utilities-Hong Kong Electries were realised again at 858 but ended slightly easier with China Lights sellers at 8571. changed hands at #13) Cum Rights. Hong Kong Trams after sales at 8181, have buyers at $18.30. Star

be placed at 66 Ferries can Telephones at $7 have not moved.

Native-made hose and stockings are ment. by no means inferior in quality to

According to the police prosecn those from abroad and prices are tor, Fury smuggled the opium cheaper. According to the reports from the steamer Taiping, from compiled by the Custom authori Hong Kong- ties, the quantity of Japanese hosiery imported is insignificant,

.30 eta, buy.

$2 661.

$18 buy

11.80 bay. 13.65 nom.

30 sel.

bay.

Dom.-nominal.

Silken bandkerchiefs, shawls etc. Der & Wings .....

in Mackintosh... produced in Kwangtung are well Lane Crawfords.. known to be unparalleled

to Bincarna quality and are exported France, the United States and Wm. Powelle Miscellaneous – Green Island

Canada in considerable quantitiet. Amoments Cements (Combined), after transac- could value of three million dol: ER. Constractions

B'que, Indus. G.SBond...67% buy. tions at 89.15, have further buyers lors annually. Despite the coak Gore Loans....................!% prem, buy, at this rate. Hong Kong Hopes petition of Japanese and Italian were dealt in up to $71, but have merchants, this line of industry bur-bayan; mei,-vellers; xa.-enÏes ; · not maintained the rise and they has been doing very well. There close nominal at 87.10. A slight are over seventy firms in Canton improvement is to be noted in engaged in the export and good Dairy Farms and sales have been profits are being made

there has made at 8191. Hong Kong Amuse-heen a tremendous demand ments have further declined to 830. Europe and America. Kailans Bearer" have hardened and buyers are now offering 6/6. Hong Kong Government Loan is firmer and can be placed at 61 per cent. premium.

Cotton Mills.-There is rather a better tone in this market, although little change is apparent in quota tions. Ewos are in demand at Tls. 12.66 after sales at this figure. Orientals are enquired for at Tls.

of feeling. We might find ourselves while Shanghai Cottons (Old) at a much higher level almost over with a dividend of Tis. £ pending

264 night should anything happen to for the six months ending Apri

threaten an adequate supply for 20 have buyers at Tla. 79.

201

265

This is the wrong

next season. 262 time of the year for the bear. He

Exchange. The T.T. rate on Ton 262 may have a fleeting success, but, do to-day is 1/11 and on Shang 257 until the crop is out of danger, it hai 81.

282 is, to our mind, dangerous to be Forward Settlement Days.-May 282 on the short side.

We continue, 29 and June 25, 1929.

pro therefore, to recommend our spinner 20s friends to secure their requirements 264 in fet markets

200

Globe

273

Good Harvest

Q

Sin Tao....

HA

Blue Phenix Ng Fook Wan Pang Hung Hay Muk Yang Poo Yee Three Stars No. 32 Choy Ecu

Blue Phenix Tin Koon Pine & Deer Sheung Huy No. 42 Yang Hok

Butterf Foon Hay

STOCKS AND SHARES.

LATEST LONDON QUOTATIONS.

["D.P." Special Service.]

on

Empire Cotton.

During the past week a small business has been done in Brazil. in Peruvians 271 ians. The turnover 270 has been moderate, and that of 262 East Indian descriptions hows im. 970 provement. Spot sales: 720, 2,310 $60 and 880 bales respectively. Accord- 2:0 ing to our advices by mail from 170 Bombay, there is not much enquiry 370 for Broach. Heavy tenders were 360 made against April/May contracts, 360 0,000 bales being tendered in the 366 first two tender days. Heavy long 358 liquidation was in evidence, and 410 there was a good deal of short cover- 436 ing on the decline. A large number 436 of April/May contracts have been transferred to July/August Broach. One of our Bombay, correspondents cables that the statistical position is not encouraging. The demand is considered insufficient to maintain prices.

Prices quoted on the London Stock Exchange Thursday, May 18, for the following borde, stocks, and shares were as under:

Allied News, 25.

Amalgamated Press, 26/9. Anglo-Persian Oil, 10/7). British-American Tobacco

6.13/32

Bradford Dyers, 41/-. Branston Art Silk, ordinary,

13/9.

"Egyptian Cotton.

The market is easier in sympathy with America, fairly heavy liquida tion having been in evidence., At the time of writing, liquidation looks about over, and the market seems ready to respond to any fav. }.. ourable development.

Writing on the 12th inst, one of

EXCHANGE RATES.

[BRITISH WIRELESS SERVICE}

Paris New York Brussels Geneva

HONG KONG STOCK EXCHANGE.

from

CLOSING QUOTATIONS.“

HK Banks

Da

May 17, 1929. $1,225 buy. Londen...£1334 nom. Chartered Banks ....£ly buy. Marcantie Banks, A.B.283 nom

Da

Union Insurnaces North China Ins. Yangtare Ind

C..£1b1 nom.

buy.

P. & O. Banks .......... pom. East Ana Baoke......190 cm. Danton Insurance 696

...1365 tel.

The 160 buy.

$50 nom. Ingarances... China Underwriters 2.20 sel China kire Insurances....$300 buy. B.K.

·Fire ina. 775 NO.

..$35 sel. ... Bel. Blesbo

$56 mel. H. Tage Indo-Chinas (Pref.)....847 buy. (Det) 70 nom. Shell Transporta

17/- nom. Union Waterboats... 122 nom.

Do.

Bengueta

Kailan

324 bay. Mining y Admin.t8/- buy. Langkats (combined).... s. 14 nom.

(single) T 7i noma. Bhal Explorations ......! 11. 21

Bhanghai Loans

Bhang ba

Tronoh Mines

haza.

4 sel.

17/6 nowa.

H.K. & K. Wharfa $121 buy. 123 #el.

E.K. & W. Docks .........138 com.

Rpany, May 16.

124.10

4.85 1/18

3-4.935

25.183

Amsterdam

12.78

Baubs

Milan: Berlin Stockholm

92.85

$20.46

12.183

Copenhagen

18.901

www

Chine

Providents

Oslo

18.395

34.54

New Engineerings

1631

193

34.155

1081

+373

5 67/64

47 5/18

Vienna Prague

Helsingfors Madrid *Lisbon Atheas

Rio. Buenos Aires

Bombay

Shanghai Hong Kong Yokohama

1/529/32

1/12 1/10 3/32 Silver, spot & forward 26 3/18

buy

4.40 sch Hongke. 178 nom. 8.85 boy.

.13) sel, 12.85

Ewo Cotions T. 2.10 8. Shanghai Dooks Oriental Cottous Tis, buy..

B'bai. Cottons (old)....T. 72 buy.

Do.

(new))

****T: 321⁄2 buy.

H.K. & B. Hotels

H.K. Lands

$8.80

*CIOW

Shanghai Landsls. 143 namo.. Humphreys Estates......$14.85 nom. H.K. Healties

38.33 no

201.

H.K. Tramways.......$18 buy, & L Peak Trams (old)....12) bay.

Bo(now).$8.55 nom, Star Faries $36 bay. Chins Lights, Cam. (11)

Bights 1.80.75 8 Do. Er Rights $13 spo Da Right $3 bay. H.K. Electrica

**$67% sel. Macao Electrice ..............$26) zem.. Bundalan Lightawie 21 sel

bay. Telephone, nom. China Be Tractions.1/6 Singapore

We hear that a large portion of our Alexandria correspondents anys the stock in Alexandria has already that the proposed taxation of been sold to mills for later, delivery, Egyptian cotton into the United and if exports for the remainder of Co.,States is still the main subject of the season continue at the same discussion. The Farmers Relief rate as last year, it is expected that Bill proposes a substantial increase the whole of the crop will have in the Customs Tariff on imported been exported by the end of the cotton-£2.4.0 per cantar on Ash season. Receipts of Egyptian cotton mouni and 24.10.0 per cantar on from the beginning of the acason against Sakel. Interested parties comment total 7,490,000 cantars, differently on the eventual effects of 5,501,914 for the same period last the new bill and on the date when year. On the other hand, exports it will enter into force. In the to date come to 842,000 bales, the meantime the Egyptian Government corresponding figure last year being E.K. Exper$7.10.nom. is, we understand, taking energetic 677,000 bales. Advices from Bolton United Asbestos.......15 buy, steps in Washington to have the are somewhat more favourable, Dairy Farme...le boy.

$15 sal, bill abandoned, t

although quotations for Egyptian Watsone

(Continued on next Column), (Continued at foot of next column). yarns are irregular when tested.

Branston Art Silk, deferred, 8/72. Burmah Oil, 86/10. Canadian Pacific, 238

Coats, en.

Courtaulda, 44.

Cunard, 24/9.

Dunlops, 19/204.

French 6 per cent., 204. Guinness Brewery, 20/5 Hudson Bay Co., 14.

Do. (Fre£)18/buy. China Bagas ....................30 cta. nom. Malabos Sugars $27 bay. Outen Ices........ $1.20 buy. Cements (combined) 8.10 boy.,6.8)

(old).$7) sel. To. (now)31:40

BO

**OR

replied to the people who wrote to me, suggesting that they form local branches and sending them anem- bership cards."

The rules on the membership card read:-

1. I will endeavour from this date neither to speak nor listen to any ill concerning any one, for a period of

After that time I will put by, for sane charitable object each time I am con- scious of having broken my re solution.

3. I will do my best to enrol new members, by bringing it to the notice of my friends.

The First Church of Christ,

* Scientist in Boston, Man, 7.8.4.) MACDOSHELL ROAD, BELOW BOTEN ROAD TEAM STATION. STEDLY SERVICE, May 19, 1929, at

11.13

Subject-MORTALS AND IMMORTALS. The Sunday School is held on Sunday Mornings at 10 o'clock.

Wednesday Evening Meeting at 5.30

Puz

Reading Room at above address, open- Testiny and Friday, 10am. to 12 Noen. Monday and Thursday, 3 to 7 p.m.

The Publicis cordially invited to attend the services and visit the Reading Room.

(87

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