1929-08-29 — Page 9

Money and Markets

HONG KONG SHARES. SERICULTURE IN

MID-WEEK REPORT.

We have received from Messrs. Harry O. Odell & Co., the following report:--

A healthier tone prevailed in var market during the past week, and the resultant advance in prices generally, coupled with a large tarnover in forward" business," indientes brighter prospects for in- vestors in the near future.

bo

FUKIEN.

IMPORTING SILKWORMS.

THREE SPECIES BRED.

Fakien is not privileged to have its own kind of silkworm. What they have at present in the province is mainly sent in from outside re- gions. Its silkworm may be group ed under three classes-monovol- tine, bivolting and polyvaltine.

Hanks-Were dealt in at 81,230 and-1,933, and are still being in-

The monovoltine type, with only quired for at the former rate. one hatch a year is raised in spr- Canton and Hong Kong Fires-ing The eggs are, batched during Remained quiet at 8030 and 870s the first week of April and will respectively.

be in the form of cocoons by the Unions. After coming to busi-middle of May. ness at $32, improved 30 cents to The bivoltine type, with two hat- ches a year, is also reared in spring, a buying rate of 8320, and more

The eggs are hatched in winter, will probably be paid to secure

and coguens are formed in early shares.

Underwriters.-Can

spring. Thus a atill

second crop is placed at #1.90, but have sellers at

thrown on the market for sale..

The polyvoltine type, in imported 22.

variety from South China, is hat ched two or three weeks ahend of the other two, but the silk is not used for commercial purposes 20- til the third generation matures in July. Two more crops follow, one in August and one in early Septem- ber, thus making five, commercial crops of silk possible in Fukien province every year.

Steamboats. Continue in request at $21 cash and corresponding rates forward," without attract ing sellers.

Waterboats. A few small lots are un offer at 8214.

Raubs-Due to the scarcity of abares available, this stock showed a smart advance from $8) to $94,

Wharves-Came to business at 8130, with farther sellers,

Providents.-Were done at 84.30 for cash delivery, 84.43/4.50 October and $4.53/4,60 November.

Hotels. Came in for a great deal of attration at rising rates from 8.30 to 88,30 ensh, 88.30 to 88.05 September, and $8.55 to 88.70 Octo- het and close firm at 88.50 cash and corresponding rates forward."

Humphreys Changed hands at 814.93 and have farther buyers.

Lands. Are stendy at 8001 Luyers

יין

Tram-Were done at. 818 ex the interim dividend of 50 cents per share, just paid. "

Ferries-Are in strong demand At 863).

Eletrics-Recovered from 858 Lo 800 with a fair amount of busi- passing Sales were nisa effected at 861 and 8011 for October. Light-Have further receded slightly and are being offered at 819.70 for the old and $12:55 for the New Issue.

Cements (Combined).-Can he placed at 88.80 with sellers nsking for $8.00.

Dairy Farms—Are quiet and obtainable at 879.90.

SHANGHAI MARKET. Cotton shares continued in de- and, the latest called prices from Shanghai being-

Ewo-Tiz 17 cash, Tls. 18

October.

Zoong Sings-Tis. 10 cash, Tls. 10.00 September.

Shanghai Cottons.-Tls. 84 cash for the old Isine:

The Exchange rates for the day

aret

T.Ton London... T.T. on Shanghai

1/111 824

I

Handling the Eggs, Eggs are usually laid on sheets of paper and kept in warm places. In spring the sheets are carefully handled. When the eggs turn black and the worms are ready to emerge, they are removed" to the rearing room. As the worms are, young, little space is required. They are usually kept in the farmer's bed- room in order to accelerate the hatching process. The bed of leaves is changed once a day.

For this purpose a net covered with leaves is placed over the worms at feeding time, just to allow them

Are

crawl through the meshes to get to the leaves above. The old leaves

then

thrown away. When time for spinning comes the worms are placed on a bambou spinning frame called "wattles" in which the silkworm is to spin

its cocoona,,

factories to dried. The cocoons The cocoons are carted away to

are made to submerge, in boiling The fibres are separated ea that water, and the gums are dissolved.

they can Le enught and unwound into raw silk. The reeling is done all by hand.

Disease and Banditry. About half a million dollars worth of silk is being produced an nually. It is used locally for mak- ing either silk thread or piece goods. Silk pivec goods of superior quality, however, are imported from Shanghai.

Diseas and banditry have sadly interfered with this industry. Oftentimes the people are unable to get to the market the precious crop of silk for Fear of bandits In the latter part of 1998 and in the beginning of this year, a pro- Next Settlement Day, Tuesday, longed drought existed in Fukien September 24..

though it effected silk worm rais ing but little.

The typhoon sweeping over the province caused, likewise, some damage done

to the mulberry" plantations. However, the crop condition is reported to be gener ally fair.

RUBBER.

RESTRAINED OPTIMISM,

al

arc

Mesaro. Pentreath & Co. have forwarded us the following letter, dated July 17, from Messrs. Horn- As to the production of silk, this by, Hemery & Co., Liverpool:- year Fukien Has been able to main- The market has again fallen into tain its own. Although no definite aetate of inactivity, yesterday's figures on export of silk and silk closing prices in the London mar-piece goods from Tukien ket showing a decline of d. to. d., known, it is gratifying to note on balance.

that the total expor of silk and silk piece goods from China to for sign countries amounted to some 187.708,760 Hk. Tls, last year, representing a gain of nearly 20,000,000 Hk. Tis. when compared with the figure for 1927.

The American Questionnaire figures for the month of June, which came to hand on Friday last, caused an unfavourable view to be taken of the market, and prices consequently eueed off slightly.

Although the consumption is re- duced by 0,009 tons, stocks and afloat, show a reduction of 14,499 tons. The consumption figurę wus less than had been anticipated, but the principal weakness of the mar ket is the fear that the average consumption for the second half of 1020 may be less than the first half. This, combined with the apparent indifference in New York, has been responsible for the less optimistic views which are now current, and it remains to be seen whether the "..diversion of Eipments from America to the United Kingdom of three during the next two months will alter these views.

The American buyers will no doubt remain out of the market as long as they possibly can, but the situation may change to such an extent that they will be forced to acquire large quantities, which would induce considerable and sharp luctuations.

We give the American Question- nairo figures for June, and, for comparison, those for the month of May:

June, May. Toni. Tons.

Consumption”. 43,288 10,230 02,002 97,181

Stocks

Afloat

Arrivals

46,035 55,405" 44,400 49,180

We continue to maintain our be- ief in the market, and, although (Continued at foot of next column),

EXCHANGE RATES.

[BRITISH WIDEL.238 SERVICE]

Paris New York Brussels Geneva

Amsterdam

Milan Berlin ... Stockholm

Copenhagen

Oslo

193,843 4.842

34.865

25.185

12.00A

92,603

20.335. 18.10

18.213 18.903 34.42

Helsingfors

1834 1837

32.90

108.20 376

618

Rio Buenos Aires

B

471

Bombay

Shanghai

Vienna Prague Madrid Lisbon

4 thens

Bucharest

Hong Kong

Yokohama *** Silver (spot) Silver (forward)

1/5 20/32 2/41 1/11

THE HONG KONG DAILY PRESS, THURSDAY, AUGUST 29, 1929.

CHILEAN FRUITS IN DAILY SHARE QUOTATIONS.

LONDON.

A SUCCESSFUL EXPERI

MENT.

The experiments which were sue- ressfully carried out last year in connection with the istportation of Chilean fruits for the British markets have been followed, during the last few months, by further consignments of cherries, apples

SHAREBROKERS' · ASSOCIATION.”

HONG KONG STOCK EXCHANGE.

Bayern Sellers Sale Neminal

WEDNESDAY, AUGUST 28.

Bayer Sellers Bales Saminat

$1,950

Banks

HI.K. Banks

(JC JL

£1253

$1,230

£20

8310

4

and other fruits and vegetables. They have confirmed beyond doubt that, even with the present reduc ed refrigerating accommodation of rico the carrying vessels and the lack 1929 'of warehousing storage in the con- suming centres, the business offers an attraction which more than justifies its organisation in a systematic and ample way to the mutual advantage of the Chilean producers and of the British con- sumers, as also to the great benest of Chile itself which may find, in the exportation of her exception- ally good fruit, one of the best items on the credit side of ber ba- innce-sheet of international trade.

!!!!

23.10

1+

*****$1,235

Do. (London).. Chartered Banka Mercantile Bks. "A"

JAVA-CHINA-JAPAN-

LIJN

Tell Aildress:

"JAVALYN

Central

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

SOUTH BOUND.

Do.

[$90

Bank of East Asia...

Insurances ".

$830

Canton In's.

$3

Underwriters

$1,90

North China

86.30

T180

Union Ins

329

50

Yangtare Ins...

360

China Fires

$760

H.K. Fires......

3770

EXPECTED

STLAMPER

FROM

ON OF ABOUT

WILL LEAVE ON

For

397

850

590

8213

TJIKARANG TJISALAK

TJIBADAK TJISONDARI

# ፰፡ ፦ .

$70

$27

895

Shipping

•Douglases Steninbaata

Indos (pref.)...uner

Do. (def.)

Shell Transports...

Water-boats

Mining

Benquota..

Kailans

T.15 Langkate (conb.) ...

Do. (single)

Explorations.......at

Shanghai Loans

Raubs...i-use-

62/6

T.91

T.4

$7.90

21

Tronoh Miner

++

Docks, WhartoN,

$131 $133

H.K. & K. Wharle.. $199 Providenta

$42

$4.35

$32

•H.K. Docks ... $32+

Shanghai Docks

T140

New Engineering T

Lendon, where perhaps the best and most selected of the world's fruit is consigned for consumption by England's vast population, in the full expectation that in this centre of wealth and appreciation it will be disposed of at sufficient- 8129 ly attractive prices, has been the $430. object of a series of successful ex- periments from a relatively new section of the fruit world-the Re-T7 public of Chile.

T.141

The first steps towards the de- relopment of the Chilean trade airoad were taken by the consular T1736 T17 authorities in Liverpool and Lon- don, aided by the visit of Senor Alberto Zavala to England, and of the representative of the White Service to Chile. The combina- tion of these visits, ably supported by the Government and the Chilean representatives England, result ed in an energetic and practical en- 860. deavour to prove the effiency of ex-T130 porting from Chile to England, and 88 also brought the English consumer $14.10 an idea of the excellence of Chilean fruit,

$8.40

$18

***

been entirely successful. The first The trial shipments have hitherto

effort to popularise Chilean fruit strumentality of Senor Zavala, ap: $85 was made when, through the in-

ples and grapes were exhibited and sold in England in the autumn of last year.

Üherries Carried 8,000 Miles. Then a trial shipment of a par- ticularly momentous character was fruit, were shipped 6,000 miles u affected--cherries, a delicate, tender

199

܊ ܐ ܊ ܃ ܃ ܃

+

་་

Godowns, etc.

T.178 Hongkews

Cotton Mills

Ewot

T92 Shai. Ctons (old)... T.91

T48 Do (new)...{ T31}| T10.40 Zoong Sings

!!!!!!

Lands, Hotels and

Buldings

H.R.& 8. Hotel FK Lands

Shanghai Lands H.K. Realtys

Humphreys

Chinese Estates

::

F

$8.40

$801

$14,25

3000⠀⠀

$7.90

$14.20

Public Utilities

318

Tramways.***

$18

$18

811.80

Peak Trams (old)...

86,05

Do. (new)

Star Ferries

***

8304

$12.80 $18,80 .819.50

$60

(new) $12.45

8261

Macno do

H.K. Electrics $597

360

821

Sandakan Lights

#6.70

Telephones ..............

T.142

20/-

China Buses

11

8/61.

refrigerator and exhibited in Covent Garden Market. In spite of the long voyage, and the fur- $ ther train journey from Liverpool only a small proportion wasted" to London, this fruit arrived with $7.70 entirely because they were packed when too mature-while the flavour of the cherries was unimpaired by

the cold. The cherries-of the 35 pigeon beart variety-were large, of axcellent flavour, and were pro- nounced hy many experienced buyers to be some of the finest cher- ries, as regarded flavour and ap Dearance, that had been seen the market.

on

***

$8.90

$1.90

361 20.38

BXT

C. Lights (old)..............) $12.80

Tractions

Do (pref.).....

Industriais

Canton Ice

******** $2.95 Cementa (comb.)... $8.75 Do, (old)... 87.50 Do.

(new)... 81.25 Ropes.............. China Sugars ............................ Malabon Sugars.... United Asbestos...

Miscellaneot

*་་་་་་*་

$19.90 Dairy Farms

Der A. Wings. Amusementa Constructions Lane Crawfords Mackintochs Nanyang Tobacco... Sinceres (old).........................

(new) Watsons......

$0.80 826

$1,55

81.

818

This shipment was therefore a triumph, for not only did the fruit

arrive sound but it sold relatively $12 well, considering the state of ma- turity, at 7. for a 10lb. box, while | 81190 with a little more care in packing it would not have been difficult to realise as much as half-a-guinea for the fruit. The support of the Government department and the confidence of the shippers who ven- ture to export so delicate a fruit to such a distance, are proof of the spirit of enterprise, prevalent in the Republic.

811

$11,80

26

$8.00

**

820.10 $0.50

SHAI. & Amor 5th Sept. SUAL, KLUNG. Sth Sept.

Η ΑΠΟΥ

'BAI. & Axor 16th Sept. SHAI. & AMOT 26th Sept.

Noon

7th Sapt, ... BATAVIA 10th Sept.MANIA, M'xsax.f

Noon

SORANATA

18th Sept, MANILA, M'IBAK

25th Sept,

Noon

& Somma BATAVIA

NORTH

STEAMERS

Frox

TJIBADAK

TUTSAROÉA

TJISONDARI

Noon

BOUND.

EXPECTED ON OR ABOUT

WILL LEAVE ON OR ABOUT

FOR

BATAVIA 4th Sept. Java,MaxAMAX 4th Sept. BATAVIA 14th Sept. TJIMANOEK .. Java,Makaan 18th Sept

6th Sept, Axor & S'ua. 6th Sept. Axor & S'HAT. 16th Sept. Axor & S'wat. 20th Sept Axor & S'BAJ.

JAVA.

THE TROPICAL GARDEN OF EDEN.

Follow this flag on the comfortable steamers of the JAVA-CHINA-JAPAN LIJN to JAVA.

Gorgeous motoring along hundreds of miles of Asphalt roads.

Famous Botanical Gardens of BUITENZORG, "Smouldering Volcanoes.

Ancient Hindu Burubudur and Mendut Temples... -Native Art and Art Craft.-Numerous cool Mountain resorts 3000-6300 feet altitude.

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

For particulars apply to:-

JAVA-CHINA-JAPAN LIJN.

Agents :-

ROYAL NETHERLANDS INDIES AIRLINES, LTD.

York Building.

Telephone C. 1574.

1575.. 1555.

$261

Coventry. Five and a half tons of copper coins, representing £2,215,| were collected for the Coventry Hos pital during the Lody Godiva pro- cession. Silver and notes brought the total to £9,417.

Nantes-Fire broke out in the Hotel Le Toure, at Pont Scorff, on the main tonring rond between Nantes and Quimper, and the house was completely destroyed. The pro- prietor with his son and his two children lost their lives.

Bombay. The appointment of a Royal Commission to inquire into London. At a Court of Aldermen the report on the existing conditions at Guildhall, Mr. Alderman Neal of labour in industrial undetrakings and Major Frank H. Bowater, the in British India, under the chair- Sheriffs-Elect of the City of London; manship of Mr. J. H. Whitley, a gave bond in £1,000 each for the former Speaker of the House of due performance of their official Commons, is gazetted.

duties which begin on September 28.

812

Wm. Powells........

83+

64%

prem.

B. Ind. G.8 Bonds... H.K. Govt. Loan... $107

way

Apples and Onions.

While the other varieties con- signed, namely the chestnuts, After this shipment, and in the Hoover, Home Beauty and Yellow early spring, a further shipment. Newton were in every of a large quantity, was effected, excellent, particular attention This time the produce consigned was drawn. to the Huidobro. consisted of apples and onious. This apple, golden

colour Wafortunately, the onions, though like the Newton, and of excel of good quality, arrived in & con- lent flavour, was very well received dition that, WAS not entirely and the efforts made to papularise satisfactory. Also, at the time of

in

the "fruit were very successful, in

arrival the maket was very depresspite of the almost impossibility to

ed with Egyptian onions selling at 48, a bag, it was not possible to obtain more than 28, a case for the Chilean produce The result of the shipment was useful, nevertheless, in that it enabled an estimate of the advisability of consigning Chi- lean onions to the United Kingdom markets, and it was eventually de cided that this was not a trade that could be recommended.

in

The other part of the consignment consisted of apples. These apples, bearing the brand of Lailhacar Hermanos of Santiago, were 1/11 3/32ed by the exhibition not only in every way exemplary, as was prov. the brokerage warehouses of the "White Service but also in the windows of Measra. Bhearn's estab- liament in Tottenham Court Road

244 241

17

we are of the opinion that, tempor- universally known for the excel- arily, lower prices will be seen, walence of its produce and for the

a Saxon tongue of pronouncing ita Ravie.

The apples were large, of the type favoured in Chile itself and in thei Argentine. The packing-Ameri-

can Standard was exemplary, and it was possible to clear the consig ment at the entirely satisfactory price of from 12 to 158. a case, the top market values.

||

Dublin. Messrs. Gallaher, Ltd., tobacco, cigarette, and snuff manu- branch factory in Dublin. It will facturers, of Belfast, are building a be ready in about nine months, and will employ over 300 workers.

London-White Papers show that

on April 1, out of a total of 302,718 - persons employed on the staffs of Government Departments, 147,342,

men. The total also included 75,318

anticipate that before the end of "all-fruit" meals specially preparar 48.87 per cent, were ex-Bervice this year, higher levels will have led there. been reached..

females. (Continued on next Column.).

THE

TYPHOON

INCIDENTS

and

ACCIDENTS

Full Report in Weekly Press

NOW ON SALE.