1929-06-01 — Page 9

Money and Markets

HONG KONG, MARKET

REPORTS.

Yesterday's quotations for rice and other foodstuffs were as follow:

Rice.

Siam

No. 1

No. 2

No. 3

Annam

No. 1

No. 2

No, 3

Long Unglutinous..

Per Picul. 29.43 8.60 7.40 7.80 7.30 7.00 7.00

Tanquin No. 1

No. 2

No. 3

7.40 7.30 8.90

Miscellaneous.

Coarse granulated sugar, No.

CANTON RICE MARKET.

Iwangtung Paddy.

Chai May, To Kino

Chai May, Tungkan

Early White

Sai Chim

Reddish, Big

Chai May. To Kino Chai May, Waihou Ser Miu, Tsengsheng Sai Chim, Poklo

Rice from Wahn,

CANTON COTTON YARN

MARKET.

Telegraphic advices from Shang- hal indicate that the price of fine cotton yarn has fallen by one tael while other varieties are normal. The market in Canton is still dull. Some small transactions are being done by merchants in the North River districts but nothing is doing in the West River districts. Retail sales are also limited. Price of fine yarns are three to four dollars lower and other varieties are unchanged. The markes shows no sign of im- proving in the near future, Latest quotations are as follow;-

! No. 42 Yang Hok

8412 Flower and Butterfly 484 Focn Hay

430

339

THE HONG KONG DAILY PRESS, SATURDAY, JUNE 1, 1929..

HONG KONG SHARE

MARKET.

BUSINESS VERY RESTRICTED.

Messrs. Benjamin & Potts in their weekly share report state:-

Business during the week bas again been very restricted, the only fratures of interest being the im growment in Hong Kong Banks, Kowloon Wharves Lights

China

HONG KONG STOCK EXCHANGE

CLOSING QUOTATIONS.

***

Mar 31, 1939. H.K. Banks $1,952) bay., 1,260 na.

Do London...£13% com.

$19 buy. Chartered Banks Mercantile Banks, A. &B...£93 nem.

Dow

d...els nom. F. & U. Bank.....9) 0.

at Axis Bank 190 nom. Canton Insurances.........$655 buy. Union InsuraHOVE..........

Do

North China Ins... Tin. lou buy. Tangie

Insurance........ $50 nom. Okins Underwriters ..............dailü sel Bank-Hong Kong and Shanghai China Fire Insurances... $253 buy. Banks although quoted a shade, Fire L.......

...$775 bom. lower in London £139.10 (Middle), Douglas have strengthened locally and were H. Steamboat

Steamboatą ul. Su mela placed up to $1,235.

H.k. Tags zem - $3.50 Bol. (rel.)......$48 buy. Marine and Fire Insurances-Indo-China Unions were sold down to $340 and

(Def.) $70 Som Abell Transports ********* at this rate a few more shares are

Unida Waterbonis nom to be had. China Fires were bid up

buy. to $295 ex the dividend of $18 Benguet

Kailan Mining Admin...6/9 com. just paid. Cantons have remained Langas (combined)..... T. 14 now, steady at $635, while Hong Kong

Do. (single).

71 Dom. Fires are quoted 8773 nominal.

S'has Explorations......Tis. som.. Shipping-Preferred Indos are Shanghai Lans Tln, dj achi slightly firmer with buyers at 849. Haube Douglas Steamships are on offer at Tronah Mine 833 and a lower rate would be re- cepted. Steamboats are unchanged, Docks, Wharves and Godowas- Kowloon Wharves are ruling strong and have advanced to $124. China Providents are out of favour and have changed hands at

84.05 Shanghai Docks have been very erratic and after falling to Tis. 193 dre again firmer with business transacted at Tla 123. New En.. & Hotels gineerings are also stronger with buyers at Tls, 5.85.

|

་་་་་

B.K. & K. Whară.....$194.1 E.K. & W. Docks, Chms Previdents.

Hongkow

p.com. Doin.

1. boy 124 ....38 num.

14 bay,, 4.10 sol, 4.05 s. isa div. nom. Th, 5.85 buy.

Tle, 168

Il lab Om

Th, 12.4 buy.

New Engineering® Shanghai Dooki Ewo Cotton. Oriental Cottons. Ils. 2 buy, 2.10 seal. B'a Vouten (old)...

Do. [LBW)...

The 67 bay. Tls. 80 nom 18.60 buy

$621 bay. Shanghai 1 ...T. 141 buy, Humphreys Hatate...klė sek, 144 da

HK. Landa

Lands

880 net.

a.

Lands, Hotels and Buildings. Hong Kong Lands have been dealt Belter... $0.35 sal

in at 863. Hong Kong and Shang- Hotels can be placed at 88.50. Humphreys were, taken off the market at 813). "Realty's are on offer nt 88.35.

Public Utilities-Hong Kong Electrics have further declined and were negotiated down to 8354. China Lights (Cum Rights), were put through at $13.70 and, continue request Hong Kong Trams have buyers at $181 after sales at 818.35, Peak Trams (Old) closed higher at 12. Star Ferries have lapsed to

nominal quotation of $66), Miscellaneous — Green

Island Comenta (Combined) were dealt in at 28.10. Watsons are once again lower and small sales have taken place at 812.. Diry Farms continue in demand at 810. Hong Kong Amusements are on offer at 820 after transactions at this rate. China Sugars are wanted at 60 cents. Hong Kong Government Loan can be placed at 81 per cent.

18

86,83

Coarse granulated sugar, No.

No. 39 Chey Kou .............

$4

7.33

Blue Phenix

358

Nutmeg

253.00

Tin Koon

372

Native cotton

17.10

Pine and Deer

380

Shark's fin, Chu Pan

.365,00

Sheung Hay

370

Bear's paw (each pair)

8.30

No. 20 Golden City

298

Fish Maw

263,00

Globe

972

White Nut

19.30

Good Harest

-970

Sago

6.80

Sin To

260

Dried Persimmon

14.00

Hung Hay

958

White Sesame

16.50

Blue Phenix

$59

Aniseed

17.40

Wun Pang

930

Green Flix

27.50

-Ny "Fook

266

Yan Chung

263

Tram-car

238

Muk Yang

987

Poo Yer

283

There have been big arrivals at

Three Stars.

236

Hong Kong of rice from Annam No. 16 Globe

230

and Siam but demand is limited.

Foo Kwai

200

Canton merchants are only buying

Sun Light

958

enough to meet current demands No. 12 Golden City

258

and are reluctant to buy on a large

Peacock

scale in view of the dullness of the market. Latest quotations are un follow:-

Foo Kwgi

258

Poo Yee

958

Trum-car

958

Per

Pretty Damsel

945

Picul.

Aeroplane

958

87,10

Tak Lee

956

7.28

No. 10 Sailing Vessel

240

8.18

Golden City

8.95

Peacock

240 940

6.32

Lotus and Bee

224

Tung Pak, Waichow

Kwangtung Rica,

0.35

Double Lions

£230

Five Lions

230

Yan Chung

938

11.47

Tai Fat

13,58

Tak Lee...

236

1.1.27

Excellent Crops

900

10.33

Hsuch Yuk, Waihou

9.72

No. Lion

190

Lion No. 2

180

But Hou

160

Ngun Tiu Yuk,

0.03

"

Ka Hing

9.05"

Kwan Yin

9.181

Bice from Tonquin,

→ Ti Ta

9.74

Lun Taz

0.88

CLOSING QUOTATIONS.

Miao Mak

9.74

Kum Tsz

9.54

Water Works

CANTON, May 30.

23.90

Red Sen!

9.48

9.28

Canton-Hankow Railway,

.49

9.62

The Sun Company

98.00

924.

9.58

Sincere Company

.122.00

No. 3 Rice.

Nanyang Bros, Tob. Ca.

4.10

Forward Settlement Days.-June 23, July 30, and August 27, 1929, "

Red Scal

Canton Tramways

2.50

$.900

Green Seal

10.00

Blue Seal

9.72

China Merchants' Steam Nav.

Company

43.00

Central Bank of China ...... $2.00

White Broken Rice from Blam.

NEW YORK STUCK QUOTATIONS.

Red Seal

$6.47

Green Seal

6,32

Ching Chu

*.42

INSTONE BANKING

Red B...

6.10

White Broken Rice from Annam,

Black Seal

#5.81

Red Seal

Shing Taz

5.72 5.32

Granulated White Rics.

No. 2 No. 1

8141 5.47

Cargo Rice,

88.00 8.20 6.48 8.44

Long Unglutinous Rics.

Hung To

Kum 02.....

Ching Lung

Reddish, Kwangtung

"Fa Pok

Early

Sheung Tse

White Bran,

Sjam Annam

...... 3.34 3.24

CANTON RAW SILK

MARKET.

The raw silk market has been Elack recently. Raw silk exported from Canton between May 20 and 25 totalled 1,183 piculs. - Quotations on May 30 were

14/16 Common ....

13/13 Best I.

20/22 Common

Per picul.

H.K. 8015

£90 870

EXCHANGE RATES.

[BRITISH WIRELESS SERVICE]

Paria

Geneva

Berlin

Oslo

Helsingfors.

Athens Buenos Aires

Hong Kong

Bilser (epot)

Ray, May 30,"

124.05

25.19

90.345

18.205

1921

375

Bilver (forward)

New York

Amsterdam

Stockbeim

Vienna...... Madrid

Bucharest Bombay Yokohama Bruscels Milan

Copenhagen

Prague Lisbon

Rio

Shanghai

47 7/32

1/11 241

24.11/16 4.85 7/32

12.06%

18.14

.34.53

34.375 818

CANTON STOCK EXCHANGE. premium,

Electric Light and Power... 4.40

CORPORATION.

|

9.K Tramways ..:$15; buy, 18/.35. Peak Trams (oid).

bay. Bo.

......$6,55 hom. Star Ferries... China Light Cum. $25.0 buy.

Rights.

Do. Ex kights 13 nom. Da.

.. $3 BIL.. Rights H.K. Bostrica

156 Bri Macao Electrios .......................$30. nom. Bandakan Lights kāj mów

..37 bry. Telephones...” China Hassel [4] buy.

Tractioas......11/6 mal.. Bing (Pre)....1016 bay

| Nugars

Bu cw. buy. China Malabon Bagan manus

mom. Dantas Icos ..............$1.80 bu7, Demania (combined)... 8.10 buy.

Dov (old)7 cm.

(new) ......$1.40 100. HK. Bopes...

***....$7 sel United Asbestos........... bay. Dairy Farm baj, & in.

....$19 bay. Watana Der A Wing 30 eta, buy, Lane Crawforda...... Mackintosh $18 bay. Bineers.11.30 bay. W Powells

13.55 el.

Cotton Mills.-Ewos, after having receded to Tis 12.30 have recovered to a buying quotation of Tis. 12). | H.K. Amusemanía ...399) buy, '29) sal. Orientals are enquired for at Tis. 2. H.K. Constructions ......āli sal. Shanghai Cottone (Old) can be "B'qua.Indus G.JBonds...67% nom, placed at Tis. 67) ex the dividend | H.K. Gort Loans.........61% prem, buy. of Tls. 2 just paid.

Exchange-The TT rate on Lon-buy.-bayerni sol-saliera;-; don to-day is 1/11 and on Shanghai

Stock

New York, May 26.

Previous Latest Price Price.

Andes Copper Alleghany Corporation

ALL CREDITORS TO BE PAID Allied Chem. & Dye (Com)

IN. FULL.

We have received the following statement from the management of the Instone Banking Corporation, Ltd:-The Shareholders of the Instone Banking Corporation, Ltd. (In Voluntary Liquidation) held an extraordinary general meeting at. 10,30 yesterday morning and were gratified to learn that the liquidators had succeeded in interesting outside capitalists in the affairs of the Bank and that a Syndicate had already signed an agreement in which they pledged themselves to provide the Bank with further capital sufficient to permit the Instone Banking Cor poration, Ltd to recommence and reoperate their business paying a!! creditors of the Bank in full and without any delay

481 47 821 821

*** 291 2781

American CAD. American C. W. P. “A” American 9melting American Tel. & Tel. (Com.) American Tobacco "B" Anaconda Copper Amour & Co., "A" Atlantic Refining

181 180

241 24 071 09

2011 2094

189 185

102 102

12 11

Bo 887

... 117, 118

** 835 335

901 991

Baltimore & Ohio Bank of Montreal Bethlehem Stoel (Com) Calumet & Hock Canadian Pacific Railway Chicago Northwester Chrysler

Columbia Gramaphone Corn Products Coty, Incorporated Davison Chemical Dry Docks

Du Pont de Nemours Electric Bond & Share For Film "A General Electric

401 40

nom.-nominal.

BRITAIN AND EXTRA- TERRITORIALITY.

OFFER OF 1927 STILL..

AVAILABLË.

The diplomatic correspondent of the London Morning Post last mouth wrote:-

In the matter of the Chinese claim to the abolition of extra-territória! rights, it is understood that the British Government has every in- tention: of offering the same con- cessions as were offered to.. Mr. Chen in 1927 by Mr. O'Malley, whe negotiated the Hankow agreement.

These

concessions, which reven in number, were enumerated at the time as follows:-

of the (1) The recognition modern Chinese Courts for cases

are

294 223

851 821 brought by British and the waiving

74 707 of the attendance of a British re-

72

711

presentative.

871

G

(2) The application as far as possible of the Chinese civil and 17 16 Commercial codes in the British

Courts in China.

168 108

94102

*** 87 86

2731 274+

76 741

105 1061

38 571 ... 791 79

General Motors... General Rly. Eignal After hearing a detailed explana

Gold Dust tion of this Agreement which the

Goodrich Bubber liquidators (Messrs. C. A. C.

Goodyear Rubber Tire Co. Rodrigues and Instone Brewer) sub-Granby Consolidated... mitted for their approval, the meet Great Western Sugar ... ing signified their appreciation, Haggart Corporation. capecially of the fact that the International Cement (Com) avoidance of delay in paying all

Harvester debts would prevent possible hard-

International Match, Pfa ship to the less well-off of the de- International Nickel (Com.)... positors. The meeting accordingly International Printer Ink

International Frod. (Com.). directed that the Company should Johns Manville. enter into this Agreement with the Kelvinator Syndicate and deputed Mr. Instone Kasnecott Copper Brewer to affix the Company's seal.; Lehigh Valley ***

Liggett & Myers "B" "Loss Due to Kwangtung Govern."

Mack Trucks' ment's Action.

A slight further delay in paying the creditors cannot however be avoided, as it is necessary first to obtain a Cours Order consenting to the proposed arrangement; but ima mediate steps are being taken in respect to this.

It will be remembered that the Instone Banking Corporation, Ltd., suffered a severe blow last year from the action of the Kwangtung Pro- vincial Government in respect to the Company brauchce in Cantar 1/16 Tara Shrekki, and the retum tcrtion to liquidate was based on the ro alization that unless new capital were received adequate to replace the losser suffered by the Bank on that occasion, subsequent activities would necessarily be confined to a modified scale.

34.905 92.66

18.205

1634

1031

37

4

(3) Recognition of a Chinese nationality law.

(4) The payment of legal taxa- tion, not involving discrimi

by British subjects.

iscrimination

(5) When the Chinese penal code 119 139 has been revised to consider its 701 091 application in the British Courts.

27 (a) Consideration of a modica- 80tion of the municipal administra- 30 Tag tions in British Concessions and 110

781 78 transler of pelice control to Chinese 47 471 authorities."

87

no

47 451 (7) To accept the principle int

British missionaries should 9 10 168) 168 longer claim the right to purchase 164 164 land in the interior, and that their 621824 institutions and Chinese converts 824 should conform to the Chiness laws, 691 89

B

A great deal, of course, depends on the attitude of the other in- 38terested Powers, and it is felt that

181 18

88

Madison Square Garden Maryland Oil Mathieson Alkali Missouri Pacifio (Com.) Montgomery Ward National Dairy Products National Distillers (Pfd.) Nevada Consolidated Copper... New York Cestual North American Aviation Northern Pacific Hly,...

99 Timken Boller Bearing Packard Motor Lar (Com.). 141 1421 Union Carbide & Carbon

78 78 Union Pacino Railway.... Pennsylvanis Zalizoad...

47 the whole question is one which ... 861 841 should be dealt with by a conier- ... 114 112ence.

Phillips Petroleum.

Radio Corp of Reading Hallway Reynolds

***

Rock Island Bailway shell Unkou Bouthern Pacific Hallway

80 Ung

45. Aš†, me

... 1881 168 Tea Corporation

18181 Texas Gulf Sulphuri

101

* 08 62

74

798-78

22****2181

1561156

*

10:269, 187

121 120

·851 881

*** 401 401 UB. Industrial Alcohol

9 Afte 1073 Ung, Resty In

8.3. Stoel

វីនីន មន្ទីនវីធីដ្ឋឆថ្មីម

180 Ung Vacum Ofl 234 284 Vanadium 128 127

Warner-Quinlitz (Com.) Etandard Gas & Elec, (Com.)... 88 88. Westinghouse E, à M. (Com.)........ 1584 151

671 571 Willys Overland Btandard Oil of N. J... Standard Oil of New York 401 401 Wright Aeronautical. (Continued at foot of next eclumn). Call Honey

23 28

*** 1231 1261

* MEMORIAL DE FOCH."

FRESH CONTROVERSIES AROUSED.

enabling the Allies to win the war. "Only the arrival of the Americans permitted us to fill the gap caused by Russia's collapse and allowed the Allies to win the war," Foch told Recouly

But it is the aftermath of that

[British United Fress.]

dramatic conflict of powerful minds the slender, vigorous and mili- Paris-Controversy which splittaristic Foch and the mighty awe- France's political and military inspiring Clemenceau-which has leaders in the early post-war period already renewed the interest of Tose to the surface again with the France in "Memorial De Foch" recent publication of the post humous biography of Marshal Fer- dinand Foch, in which the Allied Generalissimo is quoted as bitterly attacking George Clemenceau, the war-time Premier.

*** El Tigrè "" Indicted. Foch contended that France lost the advantage of victory by aban dering the French claim to the left bank of the Rhine and be insisted

fused to consider the demands of Foincare and Foch that France seize the left bank of Rhine.

Clemenceau refused to consider Poincare's observations any more than he considered mine," Foch Raid.

France committed a sort of hari hari by leaving the Rhine," Fach's charges will not go unan- swered, The Father of Victory already has replied to the criticism and it is anticipated that he will deal with the question lengthily in bis memoirs. Clemenceau, whose attitude that he wanted no friends during his political life has been softened by his retirement, replied briefly to the volume recently issued.

that Clemenceau and others tried I hesitate," said the "Tiger, Memorial De Foch" was com to keep him away from the peace to start polemics arrand the piled by Raymond Recouly, and the negotiations and would not permit coffin but I must defend myself volume consists hargely of a series him to come in contact with David against these untruths. I will reply of interviews with the famous Lloyd George and Woodrow Wil-point by point to the attacks of world war Marshal who was buried son.

Foch and Poineare. Foch re recently with every honour. bis Foch said that Clemenceau, the prouches mo for not annexing the nation and the Allied nations could man whose determined stand dur-Rhineland, but if we started along render.

ing the darkest hours of the war that line there would have been no earned him the title of "Father end. We would have tried to an- of Victory," was stubborn and re-nex China and everything."

In the volume Foch pays high tribute to the American Army as

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