1929-08-10 — Page 9

TO RELIEVE STOMACH TROUBLES

JSSURATED MA

IF you want quick, sure relief from indigestion," gastritis, dyspepsia or other stomach disorder, just take a little "Bisurated' Magnesia In water when the pain comes on. You'll get instant relief. 'Bisurated Magnesia is the one thing that lets stomach sufferers eat what they like in peace-but it does more: it lets them enjoy their food and get full benefit.

BISURATED

MAGNESIA

[BISMAG

RECOMMENDED BY DOCTORS

THE HONG KONG DAILY PRESS. SATURDAY, AUGUST 10, 1929.

Money and Markets

HONG KONG SHARES.

BENJAMIN & POTTS'

REPORT.

Interest in the local market has been overshadowed by the activity in Shanghal, where there has been general improvement, but more especially in Cotton share...

was

Banka-A mall business dore in Hong Kong and Shanghai Banke at 81,234/81,233 ex the In- terim dividend of £31/11j-831.13,

CANTON TRADE

NOTES..

EUROPE'S TRADE WALLS.

AMERICA'S SECRET OF PROSPERITY.

LEAGUE REPORT · GIVES PRODUCTION FIGURES.

The Economic section of the

The agar market which has been dullefor the past few weeks is im- proving and the prices have risen League of Nations has published slightly.

a Memorandum ca Production' and Trade which supplies a key to the economic progress of the world since 1013 to the present time. It

There has been a brisk demand from the silk flatures of the Nam hol and Shumtak districts for mul- berry leaves the price of which is now over 82.50 per picul.

Earpean trade than the advantage"

LONDON,

of theap raw material and food. Visitors to London will find the com stalls. For there is a maladjust. forts and amenities of a bome at mint here which prevents the ex- TREBOVIR HOUSE. passion of the European domestic advantageowly situated. One minute market owing to the low purchas. Tabe Station. Tan mintates-Plecadilly ing power of what is still the pri- | and Kellington Gardens." Large Bunny cipal industry in Europe. alore Rooms C

Constant Hot Water, Excellent over, the maintenance of large Cuisine Highly recommanded by Officers numbers of unemployed in the and Families Full Board Residence. mining industry adds sheary Single Room from £3-17-6, Double from burden to the cost of production 5 gas. Par Week, 12, Trasevi ROAD, in countries like Great Britain, Baius Corer, 8.W.5.

shows that the world is precating JAVA-CHINA-JAPAN-

more than it did before the; was and is consequently richer. But

just paid. The London quotation products is still weak but better against this must be set the in-

1x unchanged at £125.10 Cum. div. | (Middle).

Marine & Fire Insurances fait quantity of Unions were taken off the market at 8398, and more are wanted at this figure. Cantons are wanted $100 and China Fires at 8310. Underwriters are on offer at 89. Eong Kong Fires at 8770 have not moved.

Shipping With the exception of Preferred Indo-China which cor- tinda in request at 847, this market is stagnant and prices are

DAILY SHARE QUOTATIONS, changed from last week

HONG KONG STOCK

EXCHANGE.

Bayers Ballers

Sale Monalial

div.

1£15

FRIDAY, AUGUST 9,

Banks

There market for edible marine than last month, It is expected that there will be a heavy demand. cresse in population estimated at the Mid-Autumn Festival apa per cent. and the difficulty of comparing the post-war and pre- proaches.

war standards of existence,

The price market in Hong Kong has been inactive as merchants from Canton and the country districts are reluctant to place orders in view at the high prices. The Canton market is also quiet.

:.

*

Prices of cotton yarns have risen by two to three dollars as supplies are short even for quite a small de- Docks, Wharves and Godownsmand. Telegraphic advices from Hong Kong and Kowloon Wharves Shanghai indicate that prices have are enquired for at $128 Wham- also gone up by about three taels in poa Docks were placed at the outset Shanghai. at 832) and have further buyers. China Providents are wanted at Bome 2,703 bales of raw silk were 84.23. Shanghai Docks show fur-exported between the-nd and 31st Buyers Ballers Sales Nominal ther rise at Tis. 138. New Enalt. 190 bales of raw silk were sold

SHAREBROKERS' ASSOCIATION.

$1,995 H.K. Banks £125

Do. (London).... Chartered Banks

Mercantile Bks.

Do

P. & 0. Banks...... Bank of East Asia...

!!!!!!!

Insurances

3330

Canton Ins

Underwriters

$1.90

T160

North China

-328

Union Ins.

$320

#150

Yangisze Ins...

8310

Chins Fires

£300

8770

HK Fires

$770

$3.10

shipping

$174 Douglasen - .............

THIN

gineerings are also higher at Tis 8:15.

on Thursday. The quotations were: No. 14/18 H.K.8940, No. 13/15 Best H.K.3920 and No. 13/15 B H.K.8830 per bale.

*

|

Much of the increased production bad to be used to make good the waste of war and of the present production in manufactured goods a certain amount consists of articles which were hardly known before the war or not used to anything like the same extent, Thus the

growth of the automobile industry and the electrical and aluminum industriee, wireless receiving seta, aver-garments, artificial knitted silk, has set a higher standard of comfort and pleasure.

North America Loads. But the fact remains that a large part of the world does not enjoy these articles in the same propor- sion as other more fortunate conn- Lands, Hotels and Buildinga.

tries. In fact, the production of wealth has developed much more Hong Kong Lands were booked at 303 with buyers offering 8502 at the

rapidly in America, for instance, The groundnut oil market has than in Europe, so that the 20 per $1,235 close. Hong Kong and Shanghai

Hotels have remained steady at been practically dead for the last cent, increase in the quantity of 28.35. Humphreys Estates are salo few months and prices have been goods exchanged does not neces ab'e at the improved price of 813,60, irregular. Some activity is expect sarily mean that the standard of And Realty's at 88.30. Shanghaied in the near future as stocks have existence is much higher ass Landa have strengthened and were been not so excessive. Camellia-nut whole. Thus by 1987, Europe' placed at Tls 153

oil and wood-tar oil are also in-share in the international trade of active. Bean oil is, however, stendy. the world had fallen as compared with 1013 by 14 per cent, while the share of North America bad risen by 28 per cent, that of Asia by 27

15 per cent.

£197

£16

29

#90

$630

Public Utilities.-H. K. trics changed hands at 855/856 and continue in demand. Hong Kong Trams were sold down to

Eles

T180

$60

$37

196/-

Straubosts

$244

Indos (pref.)

$50

$70

Do. (def.) Then ali

1390

02/6

Shell Transports

$22

Water-boats

R

Kining

Bengueta..

€3,8

Kailang

T.15

8128

$4.20

84.35

$396

FT.ES

T.8.15

A

11:

24

Langkats (com.)

Do. (single)

Explorations........

Shanghai Loans

Raubs .........

Tronoh Mines

Docks, WharrOS,

Godowns, etc.

ELK. & K. Wharia.. 8:28 Providents

84.20

H.K. Docks ...... 2334 Shanghai Docks, ́... T134. New Engineeringa 17 T.175 Fongkow-----

Cotton Jul

Orientals

T18.40

7,001

| T,19/||

Ew08

1,90

T.49* $10.40

8591 T.180 $8.30 813.60

$8.40

88

T.18

809

•

T16.40

Shat Ctons (old)... T00

Do.

Zoong Singe

(new). TOI

Lands, Hotels and

⠀„Buildings

H.K. & S. Hotels...$8.35 $8.45

$30

HK Lands

Shanghai Landa» ad

H.K. Realtys

Humphreys

$8.10 $13.85

Chinese Estates

$6.05

Do. (new)

Star Ferries

$18.70

$183

$64

$19.20 #561

€251

T.14

20%-

4993"

63/6

[18/

LAPPEE

$11.80

CHINESE SHIPPING COM,

·PANIES COMPLAIN.

818), but on the announcement of SEQUEL TO TOBACCO TAX. per cent, and that of Oceanis by, an Interim dividend of 50 cents payable on the 27th instant, the market recovered and transactions. China were made up to 818) Lights have been active and have resulted in a fair, turnover. The Old shares were dealt in at 8134 and the new at 8134 both marking a rise in price. Star Ferries can be placed at 864.

Miscellaneous, - Greca Island Cements (Combined) have kept steady at 29.10 without leading to much business. Canton Icès chang ed hands at 83. Deals were made in Hong Kong Government Loan at 7 and 8 per cent, premism. Amuse ments ere wanted at $26.

Much dissatisfaction is being voiced by Chinese shipping com- paries against what they describe as unfair treatment tending to benefit foreign shipping companies and to bring disaster on Chinese companies. This refers to the shipment of tobacco leaf on Chinese vessels which, the Chinese shipping companies asy, are being subjected to a special tax while foreign com- panies are exempt.

Cotton Milla-Ewos have had an- It was only recently, they say, other sharp rise and were negotiated that the Ministry of Finance decid- to a fair extent up to Ts. 16 fored to impose a special tax of 81 on cash and corresponding rates for each bale of tobacco leaf shipped ward. A further improvement is to to Shanghai from Haichow, This be noted in Shanghai Cottons. The order naturally meant that all com- old shares have advanced to Tls. 99panies engaged in this trade, and the pew to Tis. 48 buyers, the market closing firm..

Rubbers. The following are the latest cabled quotations received from Shanghai to-day :—

Anglo-Jamia Anglo-Dutch Batu Azama

If is North America which stands dut in the picture, for it has in- creased ita quantum of trade 'by 81 per cent., as compared with 5 per cent for all Europe, the net in crease in value added by manufac ture in terms of pre-war prices being nearly 100 per cent, greater in the United States than it was before the war. The comparatively small increase in European trade is due to the fact that the export trade of Russia and eastern and central Europe, in spite of the re- markable recovery of Germany, was 14 per cent. lower in 1927 than in 1913, although that year was e much better year than the previous one for Europe as a whole.

Level of 1913 Exceeded,

The year, 1927 indeed produced striking progress in Europe, its respective of nationality, would total of recorded trade exceeding have to pay, but apparently it is the 1913 level for the first time. being imposed only on Chinese com- All Europe, including ite central pantes for, when they berth along and eastern cuntries, took a jump ide the wharves in Nadiao, inipes forward, Germany and Poland ... $10) Buyers.tors come aboard and, after inspee-going more rapidly ahead than tion, call for the payment of this other European countries, owing to tax. Foreign vessels bringing the their large borrowings. same kind of cargo to Shanghai

A striking fact brought out by berth alongside wharves in the the "Memorandum on Production International Settlement and for some reason or other, they do not have to pay. This unfair treatment tends to benefit foreign shipping companies, and to bring disaster on Exchange. The T.T. rate on Lon-Chinese companies, they say, for don to-day is 1/11 and on Shanghai Chinese shipping companies are

thrown out of business so far na the. Daya.hipment of tobacco leaf is concern- August 27, September 24, and Octo-ed while the foreign companies are

reaping the benefit. ber 28, 1829.

Chemora Consolidateds Kroewoeks Repahs

Tanah Merahs

Tebongs Ziangbes

824.

Forward Bettlement

3.85

11

1.05

!!

总15

21

14

77

1.75

1.80

3.00

10.00

HONG KONG MARKET REPORTS.

In the course of a petition to the Ministar of Finance, the Chinese companies point out, this unfair state of affairs and request the Minister to take steps to rectify the situation and to improve the treat- Yesterday's quotations for rice men accorded to Chinese companies and other. "food-stuffs' were ́ as

this meeting is to be held to disenss followi

this matter, after which it is pro- Per nosed to send further protests to the Picul. National Government. 87:38

Hico.

White, Red Seal.

White, On Tiz, Tonquin

0.44

White, Hung Sam Hay

7.49

White, Luk Kim

7.44

Cargo Rice, Siam

6.18

Long Ungintinous, Red Beal 7.10.

Miscellaneous.

TIZEWBYS - $18.65]

$11.80 Posk Trams (old)

U. Lights (old)... $13.40

Do... (new)..............|813.25

HL Electrica

Macao da..

Sandakan Lights...

Telephones

#6 90

China Buses".. Tractions 8/81

Do... (pret.)

Industrials

Canton Ice

No. 18 coarse granulated

$6.40

EXCHANGE RATES.

(BRITISH WIERLESS SERVICE.]

RUODT, August §.

193.875

gugara „No, | 24," course

88.53

granulated

sagaf

Brown sugar, Java

7.15 6.05

38.98

Cements (comb $8,90

$6.96

Nutmeg, New.

211.00

Paris New York Brussels Geneva

· 4.65 ||

24.89

25.22

Do

7.70

(old)... 7.80

Dried Mussola,

uperior

33.60

Amsterdam

$1,40

Do.

Black Pepper

72.00

Hopes

Dried Flat fish, Yes Pan

83.00

$0.95

China Sugars

Black Bean

6.30

Milan Berlin Stockholm

$27

Malabon Bugars

1329

United Asbestos".

Copenhagen

Miscellaneous

$194

Dairy Farms me

[30,80,

Der A. Wingat

1810.90 $$0.50

Oalo Vienna Prague Helsingfore Madrid

1211- $2,773 $0.38 18.105 18.218 18.205 34.426

164 183

23.16

Lisbon

Amusementa

Constructions.

#11

$1.85

108.20 1376 20:

BIBL

Lane Crawfords Mackintosha

311.80 Watsongamer

6477.

Do.

Powell

B: Ind. G. Bonds...

HK. Govt. Loan M. $107,

CANTON STOCK EXCHANGE:

CLOSING QUOTATIONS.

CANTON, August 8. Water Works äriärimisen. 83,40 Electric Light & Power 4.00 Canton-Hankow Railways, 1847 The Sun Company

95.00 7320:00 Sincere Company Nanyang Bros. Tob, Co. 4.10 Kwangtung Tramways Co... 2.00 China Merchants S.N. Co... 36.00 Central Bank of China. 42,00...

Athèn Bucharest Bio: Buenos Aires Bombay Shanghai Hong Kong Yokohama... Silver (spot) Silver (forward)

and Trade" is that the slow pro gress of trade in Europe is not due to reduced local production of food- stuffs and raw materials. It is due, says the memorandum," to obstruc tions to the free international ex-

change of goods and to restrictions

on labour, to the contraction of cer. tain overseas markets for manufac tured goods in countries which have developed their own industries, and to the reduced supplies of new capital savings available for lend ing abroad and thus atimulating trade. Eastern Europe, including Russia, has been most affected by

these

artificial · obstructions to

trade.MES IN SOME

America, on the other hand, largely owes her prosperity to the absence of trade barriers through- out the Union, and if Europe could follow her example tud pull down her inter-state tariff walls, there is no doubt that it would enormously increase its prosperity, for each country would then manufacture. the goods which it was best suited to produce and mass production would become the order of the day.

Nationals Back

The tariffs have become an“: CX- pression of the nationalist policies of Europe and as such, are likely to increase their hold on the govern," ment which still think it necessary to make their countries as self- dependent as possible.

More hopeful as a sign of world progrees is the gradual closing of the gap between the world's output of raw material and food and the production of manufactured goods.

JCJI

York Building Hunghong.

¦IJN.

Tol Aldone JAVALYN Tel Central 157i.

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

STEAKERS

SOUTH ROUND.

Елем

EXPECTED OW DE ABOUT

Wak LEAVE ON

Fox

19th Ang, MINTZA, MILE.

Noon

&'SONRABALA BATAVIA 17 Aug.

87th Aug.Marki, M’unik.

Noon

& SOXLAMALA BALANZA 28th Aug..

Noon

7

Sept

BATAVIA

Noon

Noon

TJITAROEM -- 3'uai, K'Lung. 11th Aug.

&AMOT NISONDARÌ..... 8'TAL & AMOT 15th Aug. IJILEBOET „B′ráz, K’lung, 25th Aug

Α ́ Ανατ TJIKEMBANG B'RAY & AMOY 18th Aug. TJIKARANGAL & AMOY 5th Sept

„S'HAL, K’LUKO, 8th Bepki 10th Sept, Mizma, M'esAR.

& AXOT

Noon & SOFRABATA

ITJISALAK

1.

NORTH BOUND.

STA

Έτσι

EXPECTED WTAL

LEAVE CH ABOUT OR ABOUT

For

TJIKEMBANG BATATIA with an TJISALAK Jaya,Maxammar 21st Agg.

HAPATIA TIKARANG .

24th Aug. BADAK

BATAVIA 4th Beph VITAROEM JAVA,MAKABAR, 4th Bept

יוי

Utd Anh Lor A H TÀI. Bånd AugjAxor & B'nai, 25th Ang Amor & S'MAL. 6th BaptiAmor & S'AT. 8th Sept Axor & S'mat,

JAVA.

THE TROPICAL GARDEN OF EDEN.

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Corgeous motoring along hundreds of miles of Asphalt roads.

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A round-trip that takes 3 to 4 weeks to be remembered for a life-time.

For particulars apply to i-

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Agents-

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Telephone C. 1574.

1575.

1555.

THE EAST ASIATIC CO., LTD.

COPENHAGEN.

The M.S. “JAVA"

loading on or about

30th August

PORT SAID, ANTWERP, ROTTERDAM, AMSTER- DAM, HAMBURG, COPENHAGEN AND OTHER, SCANDINAVIAN & BALTIO PORTS,

BAILING LIST.

BHANGHAI, KTO,

Oz BartinG

17th August

18th Sept

21st Oct

CONTJERE, ITC, 24th Sept. 24th Oct. 2nd Dec

Optional Bills of Lading issued to United Kingdom Ports.

For further particulars, please apply to:-

It may seen at frat ught an ad- MAS, “Asia": vantage to the manufacturer, that “15. * Afrika” he should be able to obtain mora MS Malays raw materials and food with 473k kon given quantity of finished goods 1/5 23/82 that he did before the war by But the lower purchasing power of the basic industry of agriculture and the beary unemployment in the coal mining and cognate industries is probably a greater handicap to

•2/22

1/1

1/11

243/18

24 3/16

JOHN MANNERS & CO.. LTD.

Tolephone C. 407)

MERDANYTEN BANK, BULLINS,