1929-06-15 — Page 9

Money and Markets

HONG KONG MARKET REPORTS.

Yesterday's quotations for rice

were

215

Per Picul.

and other foodstuffs

fo!}5x:-- *

Rice.

Green Seal

$7.58

Red Seal, No. 3

Hung Ma

Luk Lan Fr

8.10 7.74 7.64

Broken Green Seal

8.

Broken, Hung Chu

8.52

Granulated, Green Soal No. 1

3.97

· Granulated Red Seal No. 2

Reddish Carga Rice

5.67 0.22

Miscellaneous,

Granulated sugar, No. 18

COLTSC

8 6.33

Granulated sugar. No. 94

Coarse

Groundnut Oil, Fongtze

Wood-tar. Oil

Duck's frather

Shark's in, White large

6,97 22.00 32.40 *.00 120.00

Shark's An, Black large

Red Cured hide

White edible bird's nest.

No. 1

123.00 44.00

14030.00

Dried Prawn, Kum Shan

Fish Maw

75.00 230.00

COTTON YARN.

"

HONG KONG SHARE

MARKET.

THE HONG KONG

BENJAMIN AND POTTS' WEEKLY SHARE REPORT. The local market has been decid edly quieter during the past week and only few transactions of any importance have been recorded with slight variation in prices.

Banks-Hong Kong and Shang- hai Banks have further declined to 61.233 at which figure they can be placed. The London rate is £122.10

DAILY PRESS, SATURDAY, JUNE 15, 1929.

IRON AND STEEL REVIVAL.

th

BUSY TIMES IN THE NORTH-EAST.

MARKETS WON BACK.

LOWLY ORIGIN OF SHANGHAI RUBBERS.

"OXFORD BAGS."

MANY MADE FROM ARMY'S

CAST-OFF SHIRTS.

THE SHODDY" TRADE.

A great revival has taken place in the Cleveland iron and steel trade, and the sudden change from depression to growing prosperity the trade, writes a Daily Expressing was devoted to visits of in. correspondent.

has had an almost chaotic effect on

Orders from home and abroad are far in excess of available supplies, and some manufacturers are having to refuse contracts worth small

fortunes.

Present shipments of iron and steel from this district have not heen equalled since 1996, and mar-

| (Middle) according to telegraphickets abroad which have been long

ndvice.

best to local iron are being recap Marine & Fire Insurances. tured in the face of foreign com Unions were realised again at 8330 petition. but closed with sellers 8325. China Fires have advanced to $300. Cantons have receded to $630, Hong Kong Firea Dre quoted nominal at $775.

The rapid expansion of trade has provided work for thousands of local unemployed. More than 40 men have restarted work here since February, according to the Ministry of Labour figures

Busy Shipyards, Shipyards are extremely busy, steel works are working at tremer dous pressure, and blast furnace are being restarted in many parts of the north-east.

LATEST QUOTATIONS.

Messra. Berjanda & Potts, rhaic and general brokers, send us under date June 14 the following details" of Shanghai rubber quotations:-

Last week's To-day's

prives. prices,

Sincere

3.90

}}

» 4.16

.70

"

.30

1.50

1.50

3.00

3.13

9.05

9.30

1.10

1.3

1.10

1.20

9.10

9.13

51

+2

8.80

7.00

Jis bay $3.40 uel.

$set buy,

Delegates from various parts of Anglo-Javas"... Tls. 7.70 Tig. 8.00. Yorkshire, Cannabire, and Lei Anglo Dutch cester met at the Batley Technical Batu Aname College recently, for the

Chemara annual

Consolidateds of the meeting and conference Federation of Textile Societies and Kroewocks Kindred Organisations. The mora Repahs

Tanah Merahs... "spection to shoddy factories After. Tebongs inspection of the textile depart wards the delegates made a tour of Zaagbes ment of the Batley Technical Col lege, at which they were welcomed. Powell. hy Councillor Hamilton Crothers HK. Amusements... (chairman of the College Commit H.K. Constructions 14 rel see), and Mr. B. Radcliffe, M.Sc. que. Indas, G. Banda...67 m.

ELK. Gort. Loun............................7% prem, buy, (principal of the College).

After luncheon the delegates baT-buyurs; sel-sellers; km-salos; heard a paper by the Mayor of

nom.-rominal Batley (Mr. C. R. Spedding), who is head of the firm of Mesra, James Spedding & Son, Ltd., wool. len rag merchants, Batley, on Rags and their influence in the textile trade."

Shipping.--Preferred Indos have buyers at 230) and probably - a. Ittle more would be paid: Doug- las Steamships have remained steady at $271. Hong Kong, Canton, and Macao Steamboats are

·CANTON MARKET REPORTS. on offer at $253. Waterboats are,

I discovered here to-day that the unchanged.

Docks, Wharves & Godowns. most prominent local iroamasters Hong Kong and Kowloon Wharves are adopting a cautious attitude have not maintained the level regarding the revival. High off A Shanghai telegram of Thurs touched last week and shares are

cinds of a number of iron and steel day states that prices for fue

to be had at 8125. Whampoa firms expressed their belief in the cotton yarns have advanced by two Dacks continue in demand at 835. revival, but refused definitely to tacls while and other varieties

China Providents changed hands commit themselves to a statement about one tagl, and the market is nctive. There is also some activityhai Dock at Tls. 199 and New En-

at $ere are buyers of Shang- regarding the future of the trade. in Canton as demand from country merchants is healthy. Quotationsgineerings at Tl6.5.85. for fine.yarns are three to four dollars higher and for other varie- tes two to three dollars higher. Prices are likely to advance still higher in the future. Quotations

on Thursday were as follow: - "No. 63

No 10s

No. 12s

No. 10s

No. 20*

"Xo, 328 No. 4%

8150 to $105

8294 to 8033 $243 to $254 8236 to 8268 8264 to 8250

8366 to 8372 ...8480 to 8402

RAW SILK. The silk market has been unsatis- factory for months owing to small demand and foreign competition. During the last few days, the mar ket has slightly improved nad prices of No. 13/15 have advanced

little. A telegram from New York states the market for Shang hai ilk has improved. Latest quotations nt

Canton are as follows:-

13/15

900 to

910

Per picul., H.K. 8950 to $1,080 13/15 Best 2 13/16 11/13

.........

4

930

990

RICE. The rice market is still slack and prices are low. Latest quotations are na follow:-

Kwangtung Rice

Annam, White

Tonquin White

Lands, Hotels & Buildings.

**The Cinderella,” Mr. Spedding, describing the woollen rug trade

the Cin derella" of the weo textile indus try, said most people vatside the heavy woollen district had only vague ideas in regard to it. There ware, however, firms in that dis more than 1,000 tons, worth about tact holding running stocks of

ed, were

50,000. Woollen rags, he explain- material of shoddy, which was the ally of wool, and in some cases the substitute for wool in woollen cloth manuine.

ture.

the row

It was a recognised article of commerce, in many cases equal to and even better than some quali- ties of wool. Sufficient wool was not grown to clothe the world, and if shoddy had not been invented

A member of the firm of Peast and Partners said to me. "I be- lieve that many ironmasters are being too cautious, but they can Hong Kong and Shanghai Hotels not be blamed because tremendous the working maa would still have were dealt in at 88.50 at the out-risks have to be taken, and they been clothed in fustion and cotton set but ended with sellers at $8.63. Hong Kong Lands have remained have taken them in the past and card, instead of the serviceable,

lost. They are afraid of upsettias durable, and stylish fabrics ava steady at 8691 Humphreys the market, but I think every one Estates are wanted at 810 after will admit that a remarkable reproduced from shoddy alone.

able to-day, some of which were transactions at this rate. Renley's viral has grown upon us in the last have recovered to a buying quota few months

tion of $7.

Public Utilities-Hong Kong Electrics opened with sales at 855, but a spasmodic demand for the shares soon raised the price to 886 at which figure business has been transacted. At the close there are sellers at 8551. China Lights (Cum Rights) are firmer. They were done at $13.00 and continue in request. Hong Kong Trams have fluctuated between 818.40 and 815.45. Peak Trams (Old) are wanted at 811.80 ex the dividend of 81 just paid: Telephones are sought for at 87. Star Ferries are on offer at $86.

||

Miscellaneous. - Green Island Cements (Combined) have been rather dall and the market has pascul off to 88. A small sale of Dairy Farms has been reported at 819, Hong Kong Amusements are a shade better and can be placed at 8901. China Sugars are sale

Benguets Lave Hong Kong

able at 80 cents.

tc $3.

it

Mines Reopened. Several ironstone mines in the Cleveland distries are being re- opened after long periods of idle

ness.

Mines have been opened recently by the fires of Bolekow, Vaughan & Co., and Palmers Ship- building & Iron Co., and coneider- pole dificulty is being experienced in finding miners, the majority of the local miners having emigrated to other districts during the years of depression.

An official of Messrs. Bolekow, Vaughan & Co. said to me:

The rag trade had expanded enormously and extended to many other countries, so that in the past three or four years exports had averaged 1 million and importa Originally one million sterling. shoddy was employed in the manu facture of blankets, and subse quently in the making of other fabrics of a.coarser nature, but its use was gradually extended. day, the cist-off shirts of the armies and navies were reappearing in "Oxford "bags."-

HONG KONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

Several firms in this district have reopened their works on two or three occasions when supposed revivals have started in the last close down again with financial HK. Bank few years, and they have bad to

losses. The result is that they are. very cautious, but the prospects today are extremely bright, and without doubt justify a certain arount of risk.

The general opinion is that this is the beginning of the recupera tion of industry, not only of the iron and steel industry, but the whole trade of Great Britain.'

advanced Per picul. Kwangtang Paddy .. 85.95 to $7.66 Government Loan is a shade firmer

9.65 to 11.63 with hayers at 7 per cents prem 0.15 to 10.03 Cotton Mills-Ewos were bid up $.70 to 9.56 to Tla 1.60 but the market has 5.48 to 6.45 since weakened and transactions 5.40 to 5.71 were effected at Tls. 12.70. Shang- 3.38 to 5.32 hai Cottons. (Old) closed appreci 8.17 to 8.65 ably higher at Tls.70. Orientals COURT CLERK AS LOVERS'

have likewise strengthened and are wanted at Tls.2.20.

Siam Broken

Annam Broken Granulated Cargo Rice

prices

SUGAR. The market is not active but are firm." Quotations or Thursday are as follow:- Granulated. No. 2 coarse...... 80.13 Granulated, No. 3 coarse....... 7.70 Granulated. No. 1 fine,

White, Waichow

Sugar candy, Waiebow

11.00 9.34 10.80

Brown, Namkong

10.00

Brown, Poklo

7.27

RAW SILK MARKET REPORT.

FOR WEEK ENDING JUNE 11.

rate. On

Exchange. The T.T. Loudon to-day is 1/10, and on Shanghai 812

Forward Settlement Days.-June 25. July 30 and August 27, 1929,

Hong Kong. June 14, 1929.

RABBIT TERRIFIED BY GREYHOUNDS:

MAGISTRATE ORDERED TO

CONVICT.

An appen by Mr. Plato Jenkins, CANTON, June *4. chief inspector of the Birmingham A moderate business.

was done police, against the decision of the during the past week at lower Birmingham stipendiary nagis- prices.

trate, who refused to commit two The prices offered from the home men for cruelty to a rabuit in a markets continue to be below local coursing test, was allowed by a quotations.

King's Bench Divisional Court."

The 2nd crop silk is arriving now on the market and demand is not sufficient to relieve the market.

The 3rd crop is anticipated to be also fairly large, owing to favour- ablo-weather conditions.

All the above named factors help to depress the market.

The court ordered the case to be sent back to the magistrate, with

direction to conviet.

Mr. J. D. Roome, for Mr. Jen- kins, said that a wild captive rab

it was taken out of a crate in a feld, and dangled by its hind legs front of two young greyhounds. The dogs were then taken thirty yards away, and the rabbit was thrown on the ground. It was so terrified that it refused to move, and when Aicked by one of the men with his cap it only bopped a few. CANTON STOCK EXCHANGE.fret and then stopped. The rabbet

To-day's Quotations. $330 for 14/16 N.S. Crack Chops. $845 for 20/29 N.S. Ex. Ex. A. $900 for 14/15 O.S. Best I.

CLOSING QUOTATIONE.

CANTON, June 13. Water Works

....... $3.90 Electric Light & Power Co. 4.30 Canton-Hankow Railway Co. .40

£4,00 .:21.00

Nanyang Bros. Tob. Co. 3.80

The Sun Company

Sincere Company

CASTLE WAY

China Merchanta

Stecan

42.00

Navigation Co. Central Bank of Chinà ...... 40.00

FRIEND.

STRAIGHT TALK TO A FATHER.

Two sweethearts, whose course of love did not run smoothly, found a friend at Bootle Police Court, when a good-looking girl of twenty asked the magistrates for consent to marry,

She said that she was perienced domestic servant, and capable of managing a household.

The father sternly opposed the application. ma

to

for her in America.”

an ex-

"We Please Ourselves."

Do.,

To-

$1,237 JOKE 14, 1929,

London....8132) nem.

......$187 bay. Chartered Banka Mercantile Banks, A. &B. 283 nom.

Do..

0...15 nom. Bank

£gi nom. P.&O. B East Aris Bankı” ..190 nom. Cantos Insuraness. $650 sel. Union Insurances

$38. Bel North China Ins.......11. 160 buy. Yangtare Insurance...M. $50 nom, China Underwriters ......$2.10 sel. China Fire Insurances... 300 buy. H.K. Fore

LaJ.

.8776 Doxa.

27 BOE Dongles ......

$25 sel. HK Steamboata HK Tiger

$+,50 281, Indo-Chinas (Prof.) $501 bay.

Do. (Def.)

$70 BO Shell Transports

101-non. Union Waterboats... $22 Bengueta........... .53 nom. Kailan Mining Admin ...63/9 nom.

..Tis. 14 nom. Langkat (combined).

(single)......

..Tle, 7 nom. ..Tl. 2 nom. S'haz. Explorations

The girl, tearfully: I object. Is I cannot find happiness in my own country I will not go abroad for it.

s

Minen

De.

TTL,43

got nom.

17/6

127

mel.

$35 bu

$4.10 sel

Tls. 165

до

H.K. & K. Wharis. HK. & W. Dockr China Providente Hongkawa I dislike this young man," he Now Engineerings.....

Tle. 3.86 boy. said, pointing to his daughter's Shanghai Docks T. 119 buy. lover, aged twenty-four. I object Ewo Cottons. Tls, 18).

12.70/8. the marriage because he is Oriental Cotta*... Tis: 2.20 buy. always destitute. I can do better s'a lotions (old).... 70 buy, dia for ny daughter. I have been in

(NOW)... TL. SI box, touch with the American consul, HK. & S. Hotels $5.40 bay, 2.51 us. and there is a position waiting HK, Lads fls. 1+2 buy.

$82) nom Shanghai Lande Humphreys Estates... [$18.10 buy.,

191 sel HK, Realties ......$73 buy. HK. Tanay $18.40 buy, 18.45 sa, Peak Trams (old) $11,80 bay Do (new)..... ..36.00 nom. "' Look here," said Mr. H. Star Forrien

.155 bay 86 +el Sandiford, the magistrates' clerk, Caina Ligby, Ohm.

$13.80 buy.. to the father. We do not go out

Bights...14ael. Da.

Ex Rights...$12.90 bav. of our way to please our parents

18.10 8. when we want to get married.

DJ.

Rights

.. 87.00 buy. We just please ourselves."

H.K. Electrica Macao Electrics.........$26 nom. Bandakan Laghts 321 sal Telephones.................................................$? buy

Tis. 144 bay. China Bus Singapore Tractions......11. sal... Do. (ProE)...........18). nom.

80 ctx. bay. Maisbon Sugars

$97. nom. Cements (combined) 19

Do. (old)... $74 481. Io. (now) $1,40 nom.

W

The young man then stepped forward and said that it was un- true that he was destitute.

"I am working," he added, "and I have a home waiting for my sweetheart to walk into

you were going to be married

was then worried by the dogs, and The clerk, to-the-father: Wheat Chias Sugars ......... finally it was picked up and killed.

Lord Hewart said that the mugis. yourself you thought the world was Canton Icee $1.83 buy,

trate did not apparently direct his mind to that section of the Act' which laid down that an, animal should not be deemed to be coursed. or hunted before it was liberated.

all bright before you.

B0

do these

ELE Bones

The father: Yes, I know. The clerk: And young people,

The magistrates intimated their United Asbestce35 boy. consent to the marriage, and the Dairy Farms,............. ....-$19 nam. girl, as she left the court on the Watas

12 nom. She layer looked back Jun 3 gratefully at the clerk, who had | Lane Crawfordikan... red, said that the rabbit could not championed effectively their Mackintosh

This act of cruelty took place before

Mr. Justice Avory, who concur

be deemed to be coursed.

romance.

BO

32 Bel ..$18 bay.

(Continued on next Column).

THE BEST REMEDY FOR INDIGESTION

SURATED MA

THE

HE one preparation in which eminent doctors place their confidence, which hospitals use and which nurses and general public alike anite in recommending for relieving stomach troubles is "Bisurated' Magnesin.' This is because, 'Bigurated' Magnesin always gives quick relief by nextralizing the harmful acid which causes the trouble. It doesn't matter whether your disorder is indigestion, dyspepsia, gastritis, datulence or some, ther weakness of the stomach, 'Bisurated' Magnesia will give you instant rellef and a speedy return to normal powers of digestion, 'Bisurated Magnesia is sold everywhere in powe der or tablet form, but when buying be sure is see the oval* Biamag*sign do the wrapper.

BISURATED

MAGNESIA

QUICKLY STOPS INDIGESTION

PRE-EMINENT IN EVERY COUNTRY OF THE WORLD

CEROUS Eewery of champ

mufactured

MANUFACTUŘem

COMPANY ATB Lan

INSIDE INFORMATION

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STATE EXPRESS

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555

Made by hand - One at a time

MADE IN LONDON BY ARDATH TOBACCO Co: LTd;

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