1929-05-28 — Page 9

Money and Markets

HONG KONG MARKET REPORTS.

Yesterday's quotations, for rice and other edible commodities are as follows:-

COTTON.

BIG AMERICAN, CROP EXPECTED.

Mesar Pentreath & Co. have kindly forwarded us the following letter, dated April 30, which they have received from Messrs. Hornby, Hemelryk & Co., of Liverpool:-

The decline has accentuated dur- 7.9ing the past week, and, on balance, 8.74

prices are 40 points lower than those 8.52.

ruling a week ago,

The market has been most puzzling during the last few days. The light accession of strength in

Rice.

Hung Shung Kim

Per. Picul. 87.15

Hung Fung Ta

5. સમ

Ching Po To

8.38

No. 3. Green Seal

7.93

Wi Lung

9.68

No. 3, Blue Seni

Broken, Green Seal

Broken, Blue Seni

Granulated. No. 2, Red Seal

3.48

Granulated Yo. 1, Blue Seni

3.00

White Bran, Black Seal ...... Glutinous, Green Seal

3.46

Glutinous Broken, Green Seal

Long aglutinous.

Hung

Hung Tau

Long ngglutinous, Hung

Kum Ou

7.03 6.32

0.79

7.11

Miscellaneous.

Sugar, granulated. No. 15

• coarse

88,73

Sagar, granulated, No, 24

course...............

Rhubarb, Szechwan

Camellia-nut oil

Soy Bean

M.86 33,00 19.50 8.70

2.20

Scarlet Bean

Barley, foreign

22.00 00.00 9.00 Dried Persimmon, Peking 12.00

Mushroom, Henna

Dried Fungus

Melon Seeds. Red

Dried

Shun

.135.00

CANTON COTTON YARN

MARKET

the early part of the week could not be maintained, and, on Thurs. day, towards the close of the market, prices started to show fur- ther weakness. New York follow. ed up this wunkaess,with, -a siderable drop in values, partly due to heavy selling in the last hour by Wall Street speculators.

CDA-

The weather improved in the latter part of the week, and the talk

is now of a very big acreage and a very good start for the crop.

Nearly everyone has now decided that we are to have a very big crop this season. We may have, of ecarse, but surely those holding that opinion are

THE HONG KONG

HOOLS INOM ONOH EXCHANGE.

CLOSING QUOTATIONS.

HL.X. Banks

Mar 27, 1939,

$1,995 buy, Do., London...£133, num. Chartered Banks ......$19 bay. Mercantile Banks, A. £8...£93 nem. C...218, nom.

Do.,

P. & 0. Banki

**DU

East Asia Banks Canton

Instrances.. an Insurancer .......

1345 ral North China.

160 bay Yangtze lasurances......M. $50 nom. China Underwriters.......10 sel. Ching)

• Fire fuguranoes.....$295 buy. Fire Ins

****$775 21034. 142416 Douglases*********

$35 mel. H. Steamboats.....$20 sek.

$1.60 301. Tags fade-Chinas (Prof.) .....847 bay,

Do. (Del.) 370 nom

97/- nom.

o

Shell Transport** Union Waterbosta.. Benguets .............did buy. Kaian Mining Admin.....68%, nom.

Langkala (combined),.....Tis. 14. nom.

Do. (single) 'haz Explorations Shanghai Loca Baub

Tronch Minsa

Tis. 7 nom. The Of Dom

4 wel. 11014. .17/ nom.

DAILY PRESS, TUESDAY, MAY 28, 1929.

HK, K. Wharf..........$122) bay. H.K. & W. Dock.

Bb nom. China Providents

$4.30 BOL Hongkow..... 178 nom. Shanghai Docks. Ta las buy. New Engineering ........................... T86.83 bay, Ewo Catton.... -Tis, 18:40 241. Oriental Cottons... Tle 2 bay, 9.10 bha Cottons (old)......Tis. 70 sel.

Do. (new).... 11. 31, nom H.K. & S. Hotela $9.60 buy, 8.80 el. EK. Lands....... Shanghai Lands

**+

bay.

Humphrey, 143 00m.

HK Reales

............$8.85 ael K. Tava 18t nou. Pune Trams (old).......112) bay.

(new)......$0.55 com.

$66) bay. Osms Lights, Cum, 1.4: buy Rights 15.00 al. Do. Ex Rights $13 ael. Do. Hights .. $8 not. B.K. Electrica......

8570

sel. Macao Electrics ·

Star Ferries little premature. Were such an opinion expressed in August, some credence might be attached to it, but it is ridiculous of the seed is not yet in the ground, At this time of the year, when some

supplies in the Autumn.

For the past fortnight the cotton yarn market has been sinck owing. to large arrivals and lack of demand reckon on the certainty of large

by the country districts as a result ni military operations, Over three

Better Tone in Lancashire. thousand bales of Chinese entton

Aleanwhile, Linenshire, we are yan have recently been imported | from Shanghai while Japanese yarns happy to say, has benefited by the have also arrived in large quan declife, and spinners have been able tities. Prices have fallen," but dur.I to call their end of the month, com- ing the last two days, there have|mitments cheaply. This is very been signs of improvement, Folierent to New York, where the lowing the defeat of the Kwangsi May position has been manipulated forces a number of orders have been to the detriment of those who had received from the country districts contracts to call based on May in and if peace is restored there is no that market. reason why trade conditions should not very soon be back to normal. Latest quotations are as follows:-

2283 No. 12 Po Yer

257

Peacock

Bandaian Lights Telephone......

59) mal.

37 nom.

TROUBLE IN THE WOOLLEN DOCTOR CRITICISED BY A

INDUSTRY,

A BREAKDOWN THREATENED.

[British United Press.)

London-Collective bargaining in the Yorkshire heavy woollon indus try is threatened with collapse according to

reports reaching London. The immediate cause of the threatened breakdown is the recent announcement of a forthcom | ing 10 per cent. cut in wages on the part of six of the larger firms in the West Riding.

Several smaller firms have al ready instituted a cut but it was not until the big companies decided an a similar course of action that the weakness of the Joint Industrial Council became apparent. This council which was set up to deal with matters affecting workers and emplcyers has not met since Novem ber 1927. At that time the wage agreements then in force expired. Although afforts have been made to summon a meeting of the Council since that time, nothing has come

of the move.

•

On one occasion, according to well-informed Labour sources," the employers agreed to leave the wage sal.scales alone if the employees would support the demand for a safe- guarding duty. This was agreed to, but so far there has been no settle ment of the safeguarding question and employers, it is charged, are seeking to reduce wages at least until such time as safeguarding is granted.

China Buses ......an

11. 14j bas. Singapore Tractions......11/6 el.

Do. (Pret......16/6 bay. China Sugars

Su cta, nom. Malabon Bugars $27 UDE.. Cautan Ices

$1.80 bay. Ovments (combined)... $.30 sel, 8 mm.

Do (old)...57 pom Do. (now)......$1.40) rem. K Bore...

tel. United Asbestos Dairy Farms....

WSWMODA

Der A Wings Lane Crawtords.. Mackintoshs.,

Wm.

A better tone is noticeable in Manchester, where some good con- trets for cloth, have been booked for India and China, and the deser mand is healthier than for some time past. More encouraging re- ports are to hand regarding the last auctions in Shanghai, and it is re- 250 ported that the Chinese boycott

Tak Ler

230

Aeroplane

„Golden City

280

Larp Ma

Pretty Damsel

Foo Kwai

No 16 Sun Light

Globe

$585. $191 bay.

$14.40 sel. .80 cts, buy,

.$18 buy. ..$11.50 bay.

13.65 zel. ..$30 sel.

Powella H.A. Amusements H.K. Constructions...sel. B'que Indos. G. Bonds...87% buy.

Govt., Loans.......61% prom, buy, ales;

275 against Japanese goods has been re-buy-buyers; sel-sellers;

om.-pominał,

An Awkward Situation, The unicrs declare themselves to be awkwardly placed inasmuch as the attacks on wages have been made piecemeal. There has been no single point hithere, they assert,

CORONER.

"YOUR OPINION IS NOT WORTH VERY MUCH."

If this woman had been sent into hospital carlier her life might have been saved. That is the sad tragedy of this case,"

. Mr. Douglas Cowburn, the coroner, made this comment at an inquent at Walworth on Mrs. Emily Harvey, aged sixty-three, of St. Gabriel-street, Southwark, who died two hours after the was admitted to Southwark Hospital on Tuesday, April 93.

Dr. M. J. O'Toole said that be was called in to Mrs. Harvey on April 15. He ordered her treat ment, and was called in again the following Saturday.

Mr. Cowburn: Why did you not

before I was not sent for.

Did you not think she was serious-

il-No, I was called in on Saturday morning because of a scre throat.

Dr. O'Toole said that he saw Mrë, Harvey again on the Sunday. He did not see her on the Monday, but on the Tuesday evening ordered her ta hospital. Another doctor came to see her on the Sunday, na he was going away, and agreed with his diagnosis,

Dr. H. W. Bruce, medica! super- intendent of Southwark Hospital. said that Mrs. Harvey, when ad- mitted, was cold, pulseless, and un- conscious.

Week's Illness.

Mr. Cowburn: This woman had been ill for a considerable period (— Yes, about seven or eight days. She' 11.3 soffering from inter-spinal

cbstruction. The only cure is opera-

tion.

She would have been a good sub- ject in the early stages of the ill-

at which concerted action could beness --Yes, sir. massed. It is believed that the par ticular anions involved are not in a strong enough position to weather a prolonged stoppage.

According to the Balfour report on industry, sectionalism in

the woollen industry is responsible for many of the ills to-day. The re- port deplores the lack of an organ for joint discussion, stating-

We think that the efficiency and structure of the industry might bo improved by the establishment of a committee representing all sections of the industry."

This is generally taken as criticism of the existing Council and is interpreted to urge the co-operation now lacking.

Industrial circles are watching developments in Yorkshire closely and it is freely stated among those whose experience in similar cir cumstances gives them a measure of prestige that serious troubles are in store for the West Riding unless employers learn that permanent re-

wage cuts and hopes of a protective tariff.

Trade Union, is not likely to a lock-CANTON STOCK EXCHANGE,covery cannot be attained through

adjusted, and the offending card.

201

sumed.

265

The dispute at the Alma Mill,

287

which is not countenanced by the

Po Yee

268

Hung Tuen Lung

581

out, so we are told. It is confident-

Yan Chung

963

ly expected that the matter will be

Good Harvest

270

Hung Hay

262

Sin Tro

264

Blac Phenix

982

Ng. Fook

264

Yuk Yeang

260

Wan Pang

231

Custle

PG5

304

No. 32 Sheung - Hay

Pine and Deer

Blue Phenix

room operatives will be, brought, to order by their Trade Union.

The weekly figures are again favourable, the distribution to the world's spinners inst week showing increase of 30,000 bales over that of the corresponding week last 32 year. The visible supply is now 382 3,855,000 bales, compared with

4,100,000 a year ago.

Choy Kou

294

Yang Hak...

424

Flower and Butterfly..

424

Foon Bay

426

Choy Koy

384

364

Го Тир

CANTON RAW SILK

MARKET.

CANTON, May 25. During the past ten days, ver few transaction in raw silk have been made by foreign merchants in Shameen and prices are low.

Quotations.

"

14/16

92/26

H.5.8940 $60

RUBBER IN THE PHILIP- PINES.

GOODYEAR EXPERIMENTS.

MANILA, P.I. (U÷P.) The Goodyear Rubber Plantations Company of Akron, Ohio, hus re- gistered with the Bureau of Coin- merce and Industry for the purpose of planting rubber plentations in the Philippine Islands.

Registration papers show that the 5rm has a subscribed capital of P13,390,000, Local agents of the firm have been authorised to ecquire lands not to exced 2,500 acres for

plantation.

As long as the news received about the crop is favourable, we may continue to sag, although a sbort interest is building up in America. Any threat to the growing crop would, in our opinion, cause n violent advance, and we must be prepared for such a possibility.

Empire Cotton.

Spot sales: Brazilian 750 bales. Peruvian 2,050 balcs, East Indian 640 bales.

According to our advices by mail from Bombay, low grade Oomray have been in good demand from Japan and shipments this month are so heavy that further freight for April is not available. Eurot pean enquiry is centred on better Class Bengals, which are now getting very scarce. Broach rates have de clined to an attractive level, and much interest is displayed in this style of cotton

Bombay stocks are now estimated at 1,307,000 bales, compared with 1,142,000 a year ago.

Egyptian Cotton.

Egyptian has declined in sym- pathy with the continued weakness of American cotton. Operators have been taking advantage of any tem- porary reaction to sell, and a short interest has now been created. The market is in a healthy position for any upturns.

It is understood that the Grat As regards the new crop, re-sow. land to be acquired will be used ing owing to cold and rainy weather chiefly for experiment purposes. On has becomic necessary to the extent the strength of the preliminary ex of 4.to per cent., which is much periments the Goodyear interests below Inst Fear's average. will decide whether to attempt large water supply-is-said-to-be-suf scale production. Efforts will be ficient. made to determine whether such

CLOSING QUOTATIONS.

CANTON, May 26.

83.80 4.40 .30 98.00

Water Works ..... Electric Light & Power Canton-Hankow Railway....... The Sun Company Sincere. Co. Nanyang Bros. Tob. Co... Canton. Tramways China Merchants' Steam

120.00

4.10 2.60

Navigation Co. 49.00

Central Bank of China.

44.00

EXCHANGE RATES.

[BRITISH WIRELESS BEEVICE}

RUGEY, May 26.

Paris.

Geneva Berlin

Oslo...

Helsingfors

Bucharest ..

Shanghai Yokohama New York Amsterdam

Stockholun

Vienna Lisbon ......... Rio

Bombay Erussela Milan Copenhagen Prague Athens Buenos Airer Hong Kong

124.10

Reorganisation of method and the breaking down of sectionalism afe urged on the industry as the only possible road to recovery..

HOME SECRETARY ATTACKED.

CONSERVATIVE CLUBS

"DISGRUNTLED,”

Dr. Bruce said that the early treatment given by Dr. O'Toole was good. Death was due to nente peritonitis..

the Dr. O'Toole said, in reply coroner. that the treatment on the 15th relieved Mrs. Harvey, and he found no signs that she was acutely ill.

Mr. Cowburn: If you had gone carefully into the case you must have known that she was. Why did you not send her to hospital until the 23rd?

Dr. O'Toole: She was better on the 20th, in my opinion.

Mr. Cowburn: I am afraid," hav ing regard to the post-mortem, that your opinion is not worth very much in this case.

Mr. Cowbura return a verdict in accordance with the medical evidence.

MRS. BRADLEY DYNE'S DENIAL.

BANKRUPTCY COURT SUGGESTION.

"I did not want to make money out of my friends," said Mrs. Aminta Bradley Dyne during her public examination in the London Bankruptcy Court. Mrs. Bradley Dyne was described as dealer in foreign currency, of Mount-street, Park-lane, W.

Mrs. Bradley Dyne said in reply to Mr. Clayton, EC., for the trustee, that she was ebristened

£41,168 Debts.

She said that her statement of affairs showed liabilitice of £41,486, and disclosed no sasets.

Maggie although she always understood that her name 'WLS The Home Secretary was criticis. | Marjorie. She adopted the name ed and defended 'at a conference of Aminta because that name was of London and Home Counties Con-given to her by a friend who was servative Clubmen, held in London. writing a book, and thought that Mr. Lyne, of Walthamstow, pro- she resembled a character in the posing a resolution in support of book. the Government, raised the ques- tion of the restrictions Da clubs. There are many clubmen," he said, who are in a disgruntled state of mind, and rightly so. We

Mr. Clayton suggested that the had reason to expect that when the reason for that state of things was Government came into power steps that all those liabilities. were due would he taken to redeem the to Ironmonger and Company, and 1/10 1/18 pledge for which they were in part that when she discovered that the responsible during the Coalition liabilities to them were so large, Government, when many valuable in order to defeat them, she made rights of clubinen were temporarily over all of her stocks sad shares, surrendered in the interests of the furniture, and money to her hus- nation until the war was over, Al-band, and that he then went though we have been insistent, abroad. nothing has been done to meet us.

25.83, 20.355 18.205 1921 8155 2/01

4.84 31/32

12.06]

18.14

34.65

105 5.57/64 1/51

34.918 92.675 -18.205

1834

378

471

1/11

Silver, spot & forward 25.

TWICE A WIDOWER BY SUICIDES.

MAN'S TRAGIC MARRIAGE EXPERIENCES.

K

Hope for the Future. The fight in the coming election is for the existence of coostitu- tional government, and we are therefore prepared to abandon our hostility to the Home Secretary, as the cause is greater than the man. We have reason to hope that with

Mrs. Bradley. Dyne. said that there was not a word.of truth in the suggestion. She emphatically denied that her husband went. abroad and left her to face the responsibility.

The examination, was adjourned.

the return of the Government we 77 DIVORCES IN ONE DAY. will have & Home Secretary of a different temper."

Mr.T W. Norris, of Dartford, said the Home Secretary-seened-to- have a prejudice against the joys of mankind.

JUDGES' "ATTACK " ON A LIST OF FIVE HUNDRED...

Nearly four hundred, cases have een disposed of in & concerted "attack on the undeferided list by the judges of the Divorce Division.

Mr. Cooper, of Gillingham, op pealing to chahmen to work for the Conservative cause, said: "I think we can read between the lines that the powers that be are just as sick The total number of undefended- of Sir William Joynaon-Hicks as cases down for hearing at the be- ginning of Easter term was 611, Mr. J. R. Hughes, of Breatford, and only a few more than a hundred deprecated the attack on Sir Wil now remain. As many as seventy- liam Joynson-Hicks, saying: "No seven cases were dealt with in one man has done greater work for the day. Conservative cause thad Sir Wil It is the custom, with the judges in the division to dispose of л linm.??

Sir Herbert Nield, K.C.. M.P., large number of undefended cases the charmed, fold they ought not waring a peak of each to put all the blame on the term. Later they concentrate on shoulders of the Home Secretary. the defended cases.

The My first wife committed suicide by drinking methylated spirife and gassing herself twelve months ago," said a husband at. Leeds inquest 'Reports from Bolton are more on his second wife, Mrs. Mand we are." large scale production will be pro- favourable. A better enquiry is in Swales. fitable.

A verdict of “Suicide during tem- Indications are that the experi- evidence, and. we hear that yarn mental station will be established stocks are now beginning to de-

porary insanity" was returned.

Mrs. Swales said that his second on the island of Mindanno, the largest of the southern islands in It is reported that the alamwife, who was the proprietress of the Philippines archipelago. Pre- gamation of mills spinning Egyptian a lodging house in Hyde Terrace, hawezary plan of tho-lcentagents of cotton has been completed, and that Leeds, owed nearly £1.000 for rent the Goodyear interests provide for details will shortly be announced and had filed ber petition in

He found her with her noquiring land in the province of Milla with about three million ruptcy. Zamboanga,

spindles are concerned,

head in a gas over.

crease.

SHIPBUILDERS,

SHIP REPAIRERS,

BOILER MAKERS,

FORGE MASTERS,"

OXY-ACETYLENE AND

ELECTRIC WELDERS,

MECHANICAL AND

ELECTRICAL

ENGINEERS.

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