1929-07-10 — Page 9

TO OPEX

Haig

Kamore capenly

raise lever and

push upwarda

TO CLOSE

Replace ma and push

Jever down

THE HONG KONG DAILY PRESS, WEDNESDAY, JULY 10, 1929.

Money

and Markets

HONG KONG MARKET

REPORTS.

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

Rice.

CANTON STOCK EXCHANGE

CLOSING QUOTATIONS. "

CANTON, July 3.

Water Works'

Common White Broken, Shing Tsz... Long Unglutinou, Kong

Pao

Per bicul. $0.96-10,60,-

Ekotrio Light & Power

$3,60 4.00

Canton-Hankow Railways...

4.80

3.72

The Sun Company

•

Sincere Company

$7.00 199.00

SAFE

NEW BOTTLE SEAL

(NO CORKSCREW)

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

Sole Agents:—

Doctors are using it

Judges are using it

Sufferers from acidity find 11 preferable to any other stimulant

GANDE, PRICE & CO., LTD.

TEL. C. 135.

TRA SPEC

HLAND

& fully mastion

LES MARC GLASGOW

вожде

Hora Kowa

MARCHANT'S

GOLD LABEL EXTRA SPECIAL

Old Highland

Whisky.

Distilled and bottled in Scotland and guaranteed fully matured in wood.

A Whisky of quality at a moderate price.

Obtainable, at all leading Clubs, Hotels and Stores

And from the

Sole Agents-

T. E. GRIFFITH, LTD.

TEL. 3517.

DIRECTORY

OF

S

THE FAR EAST

1929

Classified List of Manufacturers

and Merchants in Japan,

China, Straits, Etc.

"Hong Kong Daily - Press Umce.

White Bran, Black Sea!

Miscellaneous.

"Coarse granulated sugur,

No. 24

8.99 3.39

@ 1.18

Coarse granulated sugar,

No. 18 Nutmeg. Yellow Wax

8.35

215.00

98.00

White Seste

16.30

Small green bean

5.50

Back Bean

0.70

Soy Bean

6.50

CANTON TRADE NOTES.

Some 47,400 bags of sugar were imported last month (Juue) when, the market was unusually dull.

On Monday, 220 bales of raw silk were sold. The quotations were:14/16 Common at H.K. 8930 and 13/15 Best 1. at 8008

#

The value of the Central Bank of China Butes has steadily risen and the 91 notes is now quoted at about seventy cents Hong Kong,

*

*

4.90

Nanyang Bros. Tob. Co. Kwanging Tramways Co.... 9.30 China Merchants'. S.N. Co... 37.00 Central Bank of China..... 41.00

NEW YORK STOCK MARKETS.

[".P." Special Service.]

New York, June 29.--In spite of the appearance of a development toward substantial profit-taking in the main body of the stock offer- ings, there was no halt to the pur chasing tendency and strong buy- ing enased many representative issues to reach new rogord highs today, says the daily report of the Dow Jones Financial News Agency:

Motors, American Can, Radio Corporation and .S. Steel bold to their previous levels while Westing house Electrie rocketed to a high mark.

new

SHANGHAI DOCK CO., LTD.

DIVIDEND AND RETURN

OF CAPITAL.

Mears. Benjamin and Potts, of Hong Kong. yesterday received a telegram from their Shanghai office stating that the Shanghai Deck and Engineering Company have declared a dividend of Tls, 1.50 for the year eading April 30, 1929. The profit is approximately Tls. 750,000" pared with Ts, 301.210.21 for the previous year.

Es com

The Company will aleo make a return of capital of The. 23 per share, due to their recent sale of property. The capital will, there. fore, be reduced by Ts. 1,350,000, inaking the sharts Tle. 30 each, fully paid.

REMARKABLE RICE DISPUTE.

BANK'S PECULIAR

"PREDICAMENT.

A curious story has come to light recently with regard to a large shipment of rive from Saigon. As a rule, rice shipped from the South is hypothecated to the bank and on arrival here documents have to General Motors closed at 73 23 be obtained from the bank before Where Hong Kong custon yarn market yesterday, Chrysler gained from delivery can be obtained. has been active and prices have to Willys Overland was up payment is not immediate, the rice is stored in local godowns in the advanerd. Demand is large, and it one point to 24. American Can

name of the bank concerned but for is likely that prices will drop in went from 324 to 326). Radio Cor

porasion gained for a close of 74account of the cunsigaces. the near future.

Westinghouse closed at 1921, after The market for wolframore con-going up six points.

were conspicuously tinues exceedingly good and some- Specials times four or five hundred chests of strong throughout the trading. wolfram ores are exported to Hong Anaconda, Copper went to a high Kong daily.

beyond any recent previous mark and closed at 119, a gain of three American points over yesterday. Smelting and Kennecott Copper also went to new highs, the former closing at 1091 as compared with yesterday's 100), and the latter, at

81, up 1 from yesterday.

4

Since the spring, business in Hong Kong has been dull owing to the wart This has considerably affected, Chinese bankers who have been further handicapped by the rise of the exchange rate for Shanghai |

money.

Business in Northern Kwangtung has been affected for several months by transport difficulties, caused by bandits and the Red rabble under Chu Tak and Mo Chak Tung. Of late Northern Kwangtung has en joyed comparative peace.

Drastic measures have been taken by the Kwangsi authorities to res tore the eurreney. The depreciated Kwangsi silver coins will be called in and re-minted into Kwangtung coins as Kwangtung money. question of the depreciated bank notes of the Kwangsi Provincial Hank is also under discussion.

The

There has been a healthy demand for cotton yarn from the country districts especially from Wuchow and Pakhoi and quotations of No. 12 and No. 20. have risen by three to four dollars while other varie-i ties have also gone up by about one dolar. According to a Shanghai telegram, prices in Shanghai have also risen from Tl. 0.30 to 1. 1.

RUBBER.

MARKET IDLE AND UNINTERESTING."

Messrs. Pentreath & Co. have forwarded us the following latter dated, June 12, which they have received from Messrs. Homby, Hemelryk & Co., Liverpool.

The general advance of coppers resulted from a renewed demand for metal abroad.

A. T. & T and I.T. & T. featured the utilities, the former showing a. gain from yesterday's close of 996) to a close this noon of 2341.

Other issues for the most part met with prost-taking which reduced their closing figures.

Sales for the half-day came to 1,094,300 shares.

industrials was up 2.14, and for 20 The Dow Jones average for 30 rails was up 07. Among the rails, Baltimore and Ohio gained 1 to close at 126 and Chicago North- western closed as 88%, up 1 United Press,

OUTLOOK FOR COTTON MARKET.

INCREASES IN PRICES EXPECTED.

["D.P. Special Service.]

Naw York, July 7.

In an interview obtained by the United Press, Munds and Winslow, members of the Cotton Exchange, said with reference to the forth coming cotton crop:

We do not expect the 1929 crop The market has been very idle to be the equivalent, of 1930 needs. and uninteresting during the past Japan is now using more of alt week. Trade demand has been very classes of cotton, and has particu

use of short quiet, and a certain amount of out-larly increased her side liquidation caused a reaction staple and India, in prices, Spot being quoted at one

"The outlook" is in general bul- time down to 10d. A slight re covery has since taken place, and ligh for all grades. Price increases the market closed last night at 10d. may be expected. ́ for Spot and June, 101d. for July-

Present prices are approximate September, 10d. for October-Dey 81.30 a bale less: than 1928, for cember, id for January-March the corresponding period."-United 1020, and 11ld. for January-De-Presa.

cember 1930.

June and July are usually quiet months so that we do not look for any spectacular movement during the next few weeks. Prices will be mainly controlled by the statistical position, and the American Ques tionaire figures, which will be published this evening, may have some bearing on values

The automoblie production in the United States is reported to be a little lower for May than for April, but the total production for the first five months of the current year shows an increase of nearly 50 per cent, over the same period last year. Stocks: London 31,835 tons (in- crease 90 tons) Liverpool 4,750 tons (increase 108 tons).

We believe in higher prices later in the year, and think that pur- chases at about the current levels will prove profitable.

**

SOVIET TRADE 'GOODS.

#

DETERIORATING QUALITY.

{"D.P." Special Servics.]

Moscow. The quality of goods manufactured in the Soviet Union has steadily deteriorated, according to the findings of a conference of specialists called recently by Cen- trosoyuz," the largest organization of co-operatives.

A large shipment of rice arrived. in Hong Kong a few weeks ago, the consignees being the charterers of the vessel carrying the rice. The documents should have been ob tained from the bank concerned before the rice was discharged, but being also charterers of the steam- er, the consignces took delivery of the rice from their own ship and ignored the bank, through whom, the documents had arrived in Hong Kong.

The incident caused no little seneation when it became known but negotiations between the con- signces and the "bank have now been concluded satisfactorily.

HONG KONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

JULY 8, 1929. H.K. Banks

11240 buy. Do.. London...£131, nom. Chartered Banks

..... $19 bay Mercantile Banke, 4. &B...£33 nom.

Do..

|

P.

& O. Banks East Asia Back

O...£15t acm

£9+ nom. цело

„önduð Canton Insurance.......3650 nom. Union Insurances ....

$34j buy. North China Int. ........................ 160

Tis. buy.

M

nom.

Yangtze Ingarances... $30 China Underwriters.....10 China Fire Insurances...$305 buy.

...#770 nbm. H.K. Fire Las. ...

$174 nom, Douglases **

Busamboeta.....241 茶品

$2.40

HK. Taga

Lado-Chinas (Pre)

(Def.) Da

Shell Transporta Union Watarboats.....

117 buy

$70

Bom,

93/. 00m

not.

244 B#:

Bengueta TARJO $3 mom. Kailan Mining Admin .63/9 nom. Langkata (combined)...... T. 14 sel. Do. (single) „Tie. 7) sol. Shai. Explorations Bhangnas Loana....... Baube

Tronoh Mines

*$7 bay. 21/bay

Bel.

HE THOUGHT THE DIFFERENCE BETWEEN A PRIZE FIGHT AND MARRIAGE

WAS

THAT A PRIZE FIGHT HAD. RULES,!

See this fine comedy of love

and the prize ring!

REGINALD

DENNY

The NIGHT BIRD

"AT

:

A

B.K. & K. Wharts ......3124 buy. B.X. & W. Docks........35 nom, China Providents...$41 bay, & as, di sel.

168 nom. Now Engineering T. 187 buy

„Th. Th. By buy Shanghai Dooks.. Dwo Cotions .....

TL, 13 boy. Tia. 2 buy. Oriental Cottons... 8'hai. Cottons (old)......

Tu. 74 bay.

OK

H.K&S). T. 35, bay. E.K. Lands..............3604 bus., 01 sel. Shanghai Lands.....The. 117 bay,

buy H.K. Roadies B.K. Tramway. $18.80 bag., 19.15-del, Peak Trams (old)$8.05 nom

$11.80 nom. Do. (new)........ Star Ferries.164) nom.

Ligble, (o'd) $18.35, nem. Do. (new)... $18.20 nom, B.K. Elcotrics

$551 bay. 56. el, 651/56.

Humphreys Bay

China

nem.

El 37 nori. The 164 buy..

Macao Electrica. Bandakan Lights Telephones........... China Bras........ Bingapore Tractions......11/-set.

Da. (PreL)......19/0 buy

90 cts. bay. China Sugars

$27 nort Malabon Bugare .... Canton Icos mu $2.10 bay. The leather industry, in particu

Caments (combined) $8.65 sol, 8,60 m. lar, has been producing inferior

Do. (ald)....373 bay. Do.

(new)....$1.40 nom,

L goods, Shoes were exbibited at the X. Ropes

United Asbestos ...........$5 buy. conferences which could be torn

Other items the Dairy Farms.......$18,85 bay, easily by hand. quality of which was demonstrated Watsons

$12 nom. bave to

become"

Der A Wings ..........80 cls, buy.

Orawford.........

$13 mal, Lone Mackintosh ..............$18 buy, $12 bay. Sinore

Amrosements....126) zom. FK.,Constractions......13 buy, Bone, Indus. G.Bonis...67% nom.

жотве were

Our New York correspondent glassware, ready-made clothes, met eabled last night that the trade con- al goods, soap and matches. tinues somewhat bearish, and the market is hesitant pending the is- Ready-made clothes, it was found, suance of the Questionnaire figures fit so badly that a great many for May. It is generally believed private tailor shops have developed that consumption will exceed 48,000 in Moscow whose sole job is to re-

girsporenzrezat made arm

with

SAM HARDY

DENNY'S FUNNIEST

ROMANTIC

COMEDY!

THIS WEEK IS

UNIVERSAL WEEK

CE

QUEEN'S

FINAL SHOWINGS TO-DAY

At 2.30, 5.10, 7.15 & 9.20.

A STORY OF THE RUSSIAN REVOLUTION ! THE fortunes of war throw Sergel, a poor Russian peasant into a new world of hate, tempered only by the softening influence of a beautiful woman who brings A redeeming Light into his life!

LON CHANEY

IN

MOCKERY

AT THE

WORLD

Chinese Picture,

FINAL SHOWINGS TO-DAY:

At 5.15 & 9.20" Only.

At 230 & 7.15

Mathematics of Fate," Part 2.

THE Amazing Stery of a great actress who, besieged by a trail of lovers across two Continents, found true love on a Parisian boulevard !

IN

BETTY COMPION THE BELLE OF BROAD

THE BE

with

BROADWAY

BROADMAY

EDYTH YORKE

(SHOWING FOR THE FIRST TIME IN HONG KONG)

AT THE

STAR

AMERICA'S FINANCES.

7

FINAL SHOWINGS TO-DAY

"HIGHLY SATISFACTORY

POSITION."

["D.F." Special Service.]

&

WASHINGTON, July 7 The annual report of Secretary Andrew W. Mellon of the Treasury Department for the past fiscal year shows

of Treasury surplus $135,000,000,

The national debt has been re duced by $273,000,000, making it stand at present below 870,000,000,-- 000.

year

起

Aggregate tax. receipts for the of to come

total $2,540,000,000. Income taxes amount to 82,320,000..

Mr. Mellon announced that $124,000,000 of surplus has already been applied to retirement of the public debt.

15

The Government," he said to- day, closed the freal year with hances in a highly satisfactory state."United Press.

THE RUBBER MARKET.

AN OPTIMISTIC TONE."

["D.P." Special Service.]

At 5.30 & 9.20.

BALLANTINE'S

in use for almost 100 years.

ESTABLISHED 1827, ..

By Appointment to.

H.M. The Late Queen Victoria

nad

H.M. The Late King Edward VH.

His Majesty King George V.

PURE SCOTCH LIQUEUR WHISKY

10 years old.

GEORGE BALLANTINE

& SON, LTD. GLASGOW AND LONDON.

DISTILLED IN SCOTLAND.

NEW YORK, June 30.

If you want a really first class Leading rubber brokers do not Scotch Whisky at a reasonable price, anticipate early price changes, it you can have no was learned to-day, although the tendency points to an eventual in Ballantine's Liqueur Whisky.

excellent,

crease.

It is believed that prices will.. bold around 22.

Consumption for the coming year

better than

It is

Close New York last night:-July- A series of measures wers adopted the Gevir manipromany expected-to-be-b The French Store

20.400, September 21.00c., December to meet this situation.-United bay-bayeta eller —Sales

hom-utminal. §. Prea: 2:500, March 2100.

ing the entire available supply Chited Press.

Beaconsfield Arcade.