1929-07-27 — Page 9

Money and Markets

HONG KONG SHARES.

BENJAMIN & POTTS'. WEEKLY REPORT.·

The activity mentioned in last week's report has continued, and with the exception of a few stocks, which have been affected by the approaching Settlement, the marke: has ruled firm

Banks-Hong Kong and Shang- hai Banks come through from Lon- don a £18 (Middle) with a small business done locally at 81.263.

CANTON TRADE

NOTES.

THE HONG KONG DAILY PRESS, SATURDAY, JULY 27, 1929.

TARIFF CHANGES ON SPECIFICTM

Chosen. (Korea),

ARTICLES.

Item 701-A': Posts of iron or steel, hammered and drawn, for carrying electric wires, 0.80 go. exendo per kilo,

Item 675-B: Beads and spangles, in wares not specihed, except jewel In accordance with the provisionsery, 0.60 gold escudo per Elo. of a law recently promulgated in Chosen, mineral oils of a specibe gravity at 1deg, centigrade" exceed. ing 0,730 but not exceeding 0.973 are to be assessed an import duty of The higher price of silk cocoons ven 0.80 (about 40 cents) per 10 has risen to between ten and four.American gallons, the same as in teen dollars per ten thousand.

Japan proper, instead of the former special import duty of yen 0.18 (about 91 cents) "për 10 American gallons.

Bales of raw silk sold on Thurs. Quotations were: day totalled 350, No. 14/16 H.K.8935, No. 10/22 8955

and No. 13/15 Fine 8953,

*

Abies Birma (todo matsu and the like), tohi (ezo matau, spruce and the like), pine (red pine and the The prices of fout both in Can-ke), and larch, cut, sawn, or split imetree in thickness, are subject to ton and in Hong Kong have ad- simply, when not exceeding 200 mil. vanced owing to shortage of sup-

am import duty of yen 0.40 (about plies. Prices are not likely to drop 20 cents) per cubic metre, up to duty of yen 0.75 (about 373 cents) crop in Canada.

per cubic metre from April 1, 1930, to March 31, 19.

There are the minimum rates.

Spain.

Spanish royal decree law No. 1107, which modifies the régime established for the protection and stimulation of the silk industry in Spain, continues the special surtax of 3 per cent of the import duty on silk and silk manufactures, and states that in view of the ob rates at present in viously iow" eggs, cocoons, and silk yarn is to force, the import duty on silkworm be properly readjusted during the coming tariff revision.

The decree also provides for an spinning industry, abolishes the premiums formerly granted on the production of silkworm, eggs and cocoons, and creates a central silk office for the study and stimulation

MYSTERY OF IRISH BRITISH FILM INDUSTRY.

INVENTION.

SECRET OF LOW COST ELECTRIFICATION.

TRANSPORT MAY BE REVOLUTIONIZED,

ATTEMPT TO BRING ABOUT- KEVIVAL,

[United Prees.]

London, July Vigorous attem- nts to revive the languishing Bri tish lm industry are foreshadowed by the announcement that im- mediately after Parliament reassem- bles influential personages, both in side and outside the industry, are to approach the Government with Mr. McGilligan, Minister for In- a proposal for the formation" of a dustry and Commerce of the Irish new Ministry of Films.", Free State, has thrown

a little It is pointed out by the mer hight on the invention which, if it behind the venture that millions fulfils the expectations of its spon- of punds could be saved to the railway nation if the industry were placed The invention is being in a stronger position than it is Snanced by the Free State Govern-now-with the exception of perhaps It is further maintained that if it will make possible railway electri. ment. According to Mr. McGilligan two of the leading companies. one-tenth of what it would cost secure basis, after careful considera. fication at, considerably less than the industry were placed on a more tion of its present position and the under systems now in use.

The inventor io Mr. James merits and demerits of the various

foreign fims could be alleviated.

Kay sors, transport

revolutionize

Cnions, can be placed at 8396 after owing to the failure of the wheat March 3, 1930, and to an import annual subsidy for the Spanish silk Drulum, a young National Univer-companies, the preponderance of

Marine and Fire Insurances.- sales at 8725. China Fires are wanted at $310. Underwriters are to be had at 82. Cantons are firm at 8630 and Hong Kong Fires at $770,

Shipping.-Preferred Indos, are lightly higher with buyers a 817), Shell Transports "Registered" were placed at 02/6. Hong Kong. Car- tor and Macao Steamboats are enquired for at 21, Waterboats are offering at 990.

#

-Owing to limited arrivals, prices of cotton yarn roee from one to two dollars per bale on Thursday though demand was short. Shanghai telegraphie advices, prices in the Shanghai market have been unsteady.

Graace.

of

sity scientist, who for some years has been engaged at University College, Dublin, on research work in connection with storage of elec tricity. Last February Mr. McGil Greek law No. 4070, exempts of the industry in that country. According to

ligao announced in the Dail that Mexico.

the Government had acquired the quinine in powder, tableta, and

custom houses at patent of an invention from which The Mexican ampoules from the payment duties and surtaxes upon importa

The law also Ojinaga and Palomas. Chihuahua, great benefits to the State were tion into Greece, lays down measures for the contro at Nogales, Agua Prieta, and Guay expected.

and at Sasabe. State of The inventor, he stated, was of the sale and retail price of mas. quinine. Quinine salts are only per-Sonora, have heen reopened anxious that the State should gain The initial cost was mitted to be sold to the public traffic after having been closed the henefit. (except for pharmaceutical pur. pending resumption of control by £3.000. He could not at that time disclose the nature of the invention. poses) in the original packing of the Federal Goverument.

Laboratory Tests." the foreign manufacturer and in

A new form of certificate has "I think," he now states, it heen prescribed to accompany ment would be well to say that the in- products imported into the Nethervention is at the moment being de Innds, according to a Netherland signed by the inventor with a view to its use on the railways. There "Galaite" for the manufacture ministerial resolution. The new re

The Java sugar market in Hong Kong has been quiet during the past few days and demand short. Over seventy thousand bags of Java agar have arrived lately and the market, being overstocked, has herome dull.

+

Docks, Wharves and Godowns.

Wharves have Kowloon

again strengthened and with very few shares coming out the price has advanced to 8127. Hong Kong and Whampoa Docks are in some Jr. mand with buyers at 8321 after

The rattan furniture industry, transactions at this rate. China which is one of the important ones Providents continue in demand at and New Engineerings at Tis. the past few years, thanks to an $4.33. Shanghai Docks at Tls. 139 in the city, has been growing during unchanged and can be placed increasing demand at home and abroad. Besides furniture. matting and small fancy articles are expert Lands, Hotels and Buildingsed to Canada and America to the Hong Kong and Shanghai Hotels value of over 82.000.000 annually. have further weakened but at 88.35 Most of the manufacturers make there is a little enquiry. Hong

good profits and over twenty thot Keng Lands are firmer and were sand workers are engaged in this dealt in at 8611/02, Humphreys industry in Canton alone. Estates changed hands at 8134. Realty's shew a slight improvement ur 88.10.

at quotations,

HONG KONG MARKET REPORTS.

Public Utilities.-Hong Kong Electrics were taken off the market at 853 and have further buyers. Hong Kong Trams were sold down to 818.50 China Lights (Old) are also wenker with sellers at $13.10 and sales reported at 813.20. Star and other Ferries are unchanged.

Island Miscellaneous. -Green Cements (Combined) after weaken- ing to 88.73 have come inte strong dumand and can be placed at 0. Dairy Farms have advanced to 90 Watsuns are idle, round $11.00.

Oils and Mining,-Benguets can Kailans have le pinced at $3.10. receded to 62/3. Raubs have buyers nt and probably a higher price would be paid. Langkats (Combin- ed) have lapsed to a nominal quota. tion of Tls. 15;

Yesterday's querations for rice food-stufa

follow:-

were

Per Picul

38.27

9.12

7.28 6.36 3.30

6.12 -5.97

Rice. Common White, Ching Sam

Sing Common White, Wu Muk

Keng Common White, Min Tong... White Broken, Black Seal White Granulated. Black Seal Ching Hong Glutinous, Cherk Glutinous Granulated

Miscellaneous.

Cotton Mills-Ewos were nego- Conrse granulated sugar. No. tiated, early in the week down to

quantities of 5, 10, 15, 20, 50, 100. 250, or 500 grams, whether packed in boxes, bottles, or tubes.

"Pert

Netherlands.

I have got an agreement from certain people that if that labora. tory test seems satisfactcry to them a test under actual ordinary opera tien conditione will be carried out

of combs, when imported in quanti-gulation makes possible the use of is going to be "a laboratory test ties exceeding 500 kilos for manu a translation in the language of given before certain experts in six factoring purposes, is now datiable the exporting country, instead of or seven weeks time. at 10 per cent. ad valorem under French as hitherto: but the Dutch rule 40 of the Peruvian tarifi, language must always precede the

is not specifically men translation. Galate" tioned in the Peruvian tariff but by analogy it is dutiable as synthe tie rubber under item 1236 of the Peruvian tariff at 0.50 sol per gress kilo when imported in quantities smaller than 500 kilos.

Portugal.

Portuguese decree No. 16749, established the following new items in the Portuguese import tariff:

RAW SILK.

STOCKINGLESS FAD EFFECTS U.S. MARKET. ·

Mestre. Pentreach & Co. have. forwarded us the following letter, dated July 1, from Messrs. Fornbs, Hemelryk & Co., Liverpool:-

Prices remain almost unchanged in comparison with those ruling week ago.

The New York certificated stock on June 20 was 4,090 bales (3 bale unit) and 240 bales (10 bale unit), made up as follows:-

5 Bale Unit. 10 Bale Unit.

1,795

Grade A:

B: 1,07%

Tis. 14, but owing to the improved

24......

87.23

politient situation in the North the Coarse granulated sugar, No

C:

160

D;

160

market has recovered and buyers

18....

6.88

$45

200

Prevall at Tls. 14.10. Orientals eer-Clover

4.65

tinue in request at Tls. 2.30, while Dried Seaweed Sai Lan Shanghai Cottens have remained Canned Seal's inen: steady at Tls. 773 and Tis 433 for Canned, Green Bean

140

9.80

W:

33

12.20

6.50

X: Y:

25

7.00

the old and new shares respectively. Rubbers. The following are quotations received by cable from Shanghai to-day

Anglo-Javas. T. 9 Buyers. Anglo-Dutch" Batu Anains .. 1.00

Chemors

Censolidateds.......

Kroewocks..."

Repaha

Tanah Merahis

5.00

2.15

4.00

3.10

1.75

1:

1.60

2.85

+

9.30

Tebongs... Ziangbes...... Exchange-The T.T. rate on Lon- don to-day is 1/114 nad on Shang hai là.

Forward Settlement Days.-Jaly 30, August 27, and September 24, 1029.

Celebrated) Drygin Cocktails

BOLS

Silver Top-Gin-

WIRE PEOPLE

Soy Bean

Black Bean

Small Green Bean

0.70 8.00

CANTON STOCK EXCHANGE.

CLOSING QUOTATIONS.

CANTON, July 25. Water Works.

83.40 Electric Light & Power, Co., 3.80 Canton-Hankow Railways... .50 The Sun Company Sincere Company. Nanyang Bros. Tab. Co. ...... Kwangtung Tramways Co.... 2.60 China Merchants' S.N. Co. 36.00 Central Bank of China

***** 45,00

05.00 .122.00 4.30

BOLS

DRY

GIN.

TO APPLY

PEOPLE VS2

ARE THOSE WRO KNOW, ROY

POSSESS: WISZ

SILVER TOP DEX GIN

REALLY · GOOD COCKTAIL,

THE KNOWLEDGE THEY BOLS CELEBRATED WHEN THET DENTRE TO MIX

BECAUSE THEY KNOW THAT THE' FIRM THAT DIETILA IT, HAS BERN IN THE BUSINESS FOR OVER 350 YEARS.

OBTAINABLE EVERYWHERE,

LOCAL DISTRIBUTORS p

H. RUTTONJEE & SON.

15, QUEEN'S ROAD CENTRAL.

'PHONE C. 190. HONG KONG, SHANGHAI, SINGAPORE, WEIHAIWEI.

20

40

Mail advices from New York state that the market is dall and inclined to follow the trend of prices in

Yokohama.

We understand that the domestic consumption in the United States shews signs of falling off, partly due to the reduced eummer hosiery demand attributed to the stocking jess fad.

Prices are considered low. the opinion that easier markets will be seen during the summer months con- tinues to be expressed, and we are inclined to recommend our frienda to accumulate contracts in distant positions as recessions occur.

A'week-end cable from our New York correspondents states that Spot Raw and Throan Silks, are quiet, although prices are firm, that goods sales are lagging, and that manufacturers are withholding pur- chaeer of Raw Silk in anticipation of lower price levels.

t:

Philippine Islands. An ordinance passed by the city of Manila, Philippine Islands, re- quires all secondhand clothing and articles imported for rale to be fumigated. Secondhand goods are decmed to include textiles of less than one yard in length" which makes fumigation of mill ends com- pulsory.

RURAL ELECTRIC LINES.

MANITOBA'S EXTENSIONS,

["D.P." Special Service.] Winnipeg, Man. Considerable progress is to be made this year in the extension of rural electric lines in

the province of Manitoba. Speaking before the Legislature re- cently on the intent of the Electric- al Power Transmission Act, since passed, Premier John Bracken fore- chsted that the provincially-owned system would be operating about 10,000 miles of transmission lines. in sixteen years.

This year's programme which was outlined before the Legislature calls" for the expenditure of 8700.000 and with this amount of money, it is proposed to carry out a number of projects in the southern and wes tern part of the province which will bring electrical power within the reach of many additional farms.

Included in the plans of the Manitoba Power Commission is the extension of lines from Virden near the westerly boundary of the pro- vinoe. This work is expected to get under way at an early date and construction material are now being assembled. The speed with which the rural extensions will be spread over the province depends on how soon the various municipalities involved pass the necessary by-laws signifying their intentier of parti- cipating in the scheme but it is a considerable anticipated that force of men will be employed this year and that notable progress will

made

Manitoba's rural. be electrification proposals.

הס

On the experiments carried out to date, and judging from what has been proved with regard to this invention, I can give an estimute of the cast in this way.

"I am told that the electrifica tion of the main ce running between Dublin and Cork under the ordinary conditions of an overhead wire or a third rail would amount to £1,000,000. If this invention works out euccessfully, giving the hest estimate we can make of cost and multiplying it by two, it could

for carried out

less than £80,000,"

be

HONG KONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

JuLr 26, 1829.

$1,265 = HK, Banks oween 25

Do., London...2128 nom. Chartered Banks ...$19 bay. Mercantile Banks, A. &B...2327 nom.

0...215 nom.

DON

་བ་བ་་་་་.

•

Shareholders Invited,

LONDON.

Visitors to London will fled the com- forts and amenities of a home at

TREBOVIR HOUSE. Advantageomely situated. One minute Tubs Station. Ten minutes-Piccadilly and Kensington Gardent Large Nunny Rooms. Constant Hot Water. Excellent Cuisine. Highly recommended by Officers and Familes. Full Board Residence. Single Room from £17.& Double from

gus. Per Week. 12, Trangvin ROAD, EARL COVET, 8.W..

CHURCH NOTICES.

ST. JOHN'S CATHEDRAL, Hora Koro

JULT 18, 1929, 9th Sanday after Trinity:

Holy Communion at Aa.m. Children's Service at 10 am. Saxday School in Peak Scho i at

10 m. Matins at 11

Frascher The Dean. Evensong at 6 p.m.

•

Preacher-Rev. C. 1. Barchet

[97

SCIENTIST.

The first coject of the "Ministry" will be to call a meeting to which I FIRST CHURCH OF CHRIST, the shareholders in the various film companies will be invited. The evidence obtained by the members of the Ministry" will be placed before them, and a program sug gesting лду necessary straction submitted.

One of the men behind the new venture is A. Coulson Gilmer, pre- sident of the Film Artistes Guild.

recon-

!

If the industry is to survive the blow the talkies have dealt it, it must he put on a sound basis," de lared Mr. Gilmer in interview. "At present it, common know ledge in the trade that certain com- panies are toppling on the brink."

It is understood that the origina tor of the scheme is one of the lead- ing British producers, whose com- pany is now actively producing Bri- !

tish films.

(Branch of The Mother Church, The First Church of Christ,

"Scientist, in Boston,

Maza, V.S.A.) MACDONNELL ROAD, LOW BOWEN ROAD TRAY STATION, 8UxDAT SERVICE, July 8, 1929, at

11.35 ..

Subject-TRCTE. The Sunday School is held on Sunday Wednesday Evening Meeting At 5.80

Mornings at 10 o'clock.

Reading Room at abova address, open:--- Tuesday and Friday, 10am to 12 Noon. Honday and Thursday, 5 to 7 pm. the services and visit the Reading Room.

The Public is cordially invited to attend

[87

JAVA-CHINA-JAPAN-

JCJL

York Building Hongkong

LIJN.

Tel. Addressi

JAVALYN

Tel. Central 1574.

REGULAR PASSENGER & CARGO SERVICE BETWEEN HONG KONG, AMOY, SHANGHAL, MANILA AND THE DUTCH EAST INDIES.

SOUTH

BOUND.

STEAMERS

EXPECTED FROM 1) CN OX

WILL LEAVE ON

Fos

"ABOUT

TJISAROEA 5. & AMY IDHarbour TJIMANOBK ...SHAL, K'LUNG. 28th July

& ANDY TJIBADAK S'HAI. & AMOT

5th Aug.

TJITAROEM ...S'HA E'LONG. 11th Aug.

* Axor

27th Juls,

4 p.m.

BATATUL

30th July, MANILA, M'ESAR.

4 p.m. à SUELABRIA

7th Aug., BATAVIA

4 p.m.

13th Ẩng., Manila, M'zsa.

p.m. & SOERABALA'

NORTH BOUND,

WILL LEAVE ON

OK ABOUT

STEAMERS

FROM

EFFECTED ON OF

ABOUT

TJISONDARI BATAVIA 8rd Aug.

J

Fos

4th Aug. ANOT & B'xat.

+

TJILEBOET JAVA,MAKASSAR 7th Aug. TJIKEMBANG BATAVIA

14th Aug.

I

"915 Aug. Amor & S′nal.

15th Aug. Amor & S1ña.

now.

1004.

P. & O. Bankı ........... nom. East Ada Back* ***.190) 2002/ Canton LásarsaCES... ...$630 nom.

***$326 bay, & 18. Onion Insurances North China Ins..

buy. Tls. 160 Yangtase Insurance

$50 nom. China Underwriters.....32 sel.

འ་ Chine Fire Insurances ...1300 buy. EL.K. Fire Ins...

1.$770 nom Dongleses......$271⁄2 O. H. Steamboats........... $241 x.l. Indo-Chinas (Prof.) ..........8474

bay. Do (Det)$70 nom.

83/6 nom Shell Transporta ...... Union Waterbosts..........$22

$23 vol. $3.10 buy. Beagnets Kailan Mining Admin ...62/6 nom. Langkats (combined). Tls. 15 ncm.

(single)

9 buy. Baz Explorations. Shinghai Loans Tls. 4 nɔm. Baube ......

481 buy Tranch Mines ...........21/- buy

K. & K Wharia.....$197 buy. HK. & W. Docks.........$32, buy. China Providents Hongkows

168 New Engineerings...la. 7 buy. Shanghai Docks

Tis. 138 buy. Ewo Cottone.vat

Tis. 14) Bom. Oriental Cottons

Tis. 2.50 bay. fold).... T. 77; nom. B'nai. Cottons

Do.

(new)... T. Hotels...... 1.35 buy, E.K. Lands

did a 147 buy

62 el, 611 30. Skinghai Lands Humphreys Extates...$13.40 buy. & så. Realties $8.15 bay. K. Tramways................. $181 bay.

$11.30 HOD. Peak Trama (old)

Da, (new).......$6.5

5.05 nom. Star Ferries

$94) nom. Obiza Lights, (oid) ... ($18 buy.. 18.20

seld 13.05/19 sa" Do. (new)..Id)

$13 BOT H.K. Electrics... $5bg bay..., 60.50)i sa.. Macao Electrics. 20 Sandakan Lights.........2) sel Telephones...

..$2.nom. Ohins Buses ma

Ta. 143 buy. To Aid Eesearch.

Tracticus......11/sele Canadian medical men are stated

(Pref.)......20 buy

....95 cia. bay. Malabon Bugars will have great scientific value, and Calgary.

Canton Ices...$2.10 bay, Calgary's latest factory will be may be of immense benefit to established on land immediately ad humanity. There is no thought, Cements (combined).88.70 buy., 8.85 sel.

Do. (old).$7.70 buy. joining the plant of the Manitoba Dr. Gibbs emphasised, of attempt-

Do. (now).....$1,40 nom. Rolling Mills. This will be the ing to test the rubber heart in be

HK. Boper third large Eastern steel concern human body, nor has he azy expec- United Asbestos m. 3 buy, which has decided to establish here tation that it will be utilised in the Dairy Farm

19 bay. within the past two years. The treatment of heart diseases.

$11.50 201 Watsons other two are the Manitoba Rolling Its purpose is to aid medical Mills and the Dominion Bridge and research, particularly in the study Der A Wings 80 st. bay,

Lane Crawlords, Iron Works, Limited. "

of the effect of poisons on the eir- Mackintoth****

buy, The products of the Aathes Foun-culatory syetem. dry Company, which is a Canadian Telegrams of congratulations and W. Powells $73 al. concern and well known in eastern inquiry poured in on Dr. Gibbs K. Amusements$26 buy ex div.

FK. Constructions .................$13 buy. Canada, include steel pipes, radis from all parts of the American Con- specialty work. Local operations 18ts, however, made vigorous pro will probably.start late in the pre-tests against the use of a cat for sent year.

the experiment.

ANTHES FOUNDRY CO. PURCHASES SITE IN CALGARY.

A RUBBER HEART..

REMARKABLE EXPERIMENT BY CANADIAN DOCTOR. Before the Nova Scotia Institute of Science, Dr. O S.. Gibbe, Pro fessor of Pharmacology at Dal-

startled bousie University,

his ["D.P." Special Service.]

audience by performing a remark- able five-minute operation. Calgary, Alta. The advent of, s new industry in Calgary is fore-He removed the heart from a cat shadowed in the announcement and substituted a rubber organ made by Mayor. F. E. Osborne, that operated by a double pump, elec the Anthes Foundry Company,trically driven. The cat revived Limited, of Toronto and Winnipeg, and remained alive for nearly four has completed negotiations with the hours. city for the purchase of a factory site of approximately five acres, in

the industrial section in East to be confident that the discovery Ching Segue DOM

►

Govt Laator buy-buyers; val-sellers

nondominal

ܚܐܘܫ

EXCURSIONS TO "JAVA

་

KAMODIAN-BANDOENG - PAPANDAJAN—

GABOET — SINDANGLAJA – NGAMPLANG TJIBOEROEPAN - NONGKODJADJAR —–—

WANASABI.

What do these Names mean?

A chain of good hotels in cool, mountain-Resorts

a chain of scenic volcanic mountains in

JAVA.

All inclusive tours from 3 to 4 weeks, membered for a life-time.

For particulars apply to:-

JAVA-CHINA-JAPAN LIJN.

Agents:

Building.

ROYAL NETHERLANDS INDIES AIRLINES, LTD.

York

Telephone C. 1574.

1575

*1555;