1929-12-24 — Page 12

112

JAVA-CHINA-JAPANS

ICJE

LIJN.

Tel. Address:

Tel. Central 13.

REGULAR PASSENGER & CARGO SERVICE BETWEEN HONG KONG SWATOW, AMOY, SHANGHAI, MANILA AND THE DUTCH

EAST INDIES.

SOUTH BOUND.

STEAMERS

From

EXPECTED ON OR ABOUT

WILL DEAVE ON

For

TJILEBOET

31st Dec.MANILA, M'xsar.

Noon

Amor

29th Dec.

& BOERABATA

TJIKEMBANG STAC & Astor

TJIKARANG SAL. & AMOY

30th Dec.

Int Jan.

DATAVIA

Noon

TJISALAK

Amor

9th Jan,

12th Jan.

11th Jan

BATATIA

TJIBADAK

S'HAI, & Amor 19th Jan.

Noon 14th Jun., MANILA, M'KSAH,'

Noon & SOBIADAKA 21st Jan MANILA, M'ESAR Noon & BOERABAZA

NORTH BOUND.

Fox

EXPECTED

STEAMERS

FROM

ON OR ABOUT

WILL LEAVE ON

OB ABOUT

TJIKARANG .. ΚΑΤΑ ΓΙΑ

28th Dec.

TJISALAK

Java,MAKASSAs

3rd Jan.

TIBADAK

RITATIA

8th Jan.

JISAROEA JAYA, MAKASSA

18th Jan.

TJISONDARI

BATAVIA

22nd Jan.

28th Deo. Amor & S'HAI.

6th Jan. BwATOW & ANUT 8th Jan. Amor & S'HAL 20th Jan. SWATOW & AMOT 23rd Jan. AMOY & S'HAI.

JAVA.

KAMODIAN-BANDOENG — PAPANDAJAN—

GAROET-SINDANGLAJA-TOSARI- NGAMPLANG-TJISOEROEPAN

NONGKODJADJAR WANASARI.

What do these Names mean?

A chain of good hotels in cool mountain-resorts

in a chain of scenic, volcanic mountains.

1.

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

For particulars apply to

JAVA-CHINA-JAPAN LIJN.

ROYAL NETHERLANDS INDIES AIRLINES. LTD.

Agents:-

York Building,

口罩

Telephone C. 1574. 1575. 1555.

Hamburg-Amerika Linie,

COMBINED FREIGHT AND PASSENGER SERVICE CABIN CLASS ACCOMMODATION FOR 30 PASSENGERS. FARE FROM HONG KONG TO GENOA~£70;0«, 0d, OUTWARD. -

Bailings from Europe for S'hai, Japan & Northern Ports:

M.V. "ERMLAND" ...

M.V."BURGENLAND"

8.S. "ALBERT VOEGLER”

M.V. "VOTGLAND"

M.V. "RAMSES"

M.V. "DUISBURG"

HOMEWARD,

lue here on or about the 28th Dec,

1930 dne here on or about the 9th Jan, ... dus here on or about the 25th Jan. das here on or about the 8th Feb. due here on or about the 16th Feb. dde here on or about the 3rd Mar.

..

Sailings for Genoa, Rotterdam and Hamburg via Manila, Singapore, Colombo & Port Said :-

1930

8.8. "OLDENBURG" sailing from here on or about the 10th Jan. M.V."ERMLAND " saiking frum here on or about the 28th Jan. M.V." BURGENLAND" fling from here on or about the 11th Feb. 8.8. "ALBERT VOEGLER" sailing from here on or about the 25th Feb. M.V. VOGTLAND.... sailing from hers on or shout the 11th Mar. M.V. "KAMSES" - ...sailing from here on or about the 25th Mar,

For Freight, Pansags and further Farticulars, please apply to

JEBSEN & CO.

Paddes Street.

Tel. U. 4754

THE

HONG KONG DAILY PRESS, TUESDAY, DECEMBER 24, 1929.

"THE GEISHA."

LAST NIGHT'S FINE PERFORMANCE.

SOME BARGAINS—AFTER THE

SHOW.

A crowded and enthusiastic house, ready with loud applausė for every number made the last night of the Geisha go with a swing from the first number to the Wedding. Finale. The Company his come on cormously and ope's regret was that it should be their last per- formance.

Money and

Markets

GOSSIP FROM THE SHARE MARKET.

DECEMBER SETTLEMENT SAFELY NEGOTIATED:

CAUTION. SHOWN EVERYWHERE.

FREE ADVICE FOR INVESTORS.

{By ''KUFAN."]

Just at first the cold seemed to but no investor should either buy Goxip often moves the market, re-act a little on the house-the

Cor sell on market gossip only. players were at the top of their form, but it needed that leg-streter- Business on tho," Rialto" during ing and other exercise of the inthe past week has been overshadow- teryal to get the applause fullyed by the December Settlement, under way.

which fell due yesterday. At one Of the players Mr. Greensmith time it was feared that the settle has immensely improved his pidgin ment might prove difficult, in view patter, there were a lot of new of recent fluctuations in local share local aliusions-capecially to Settle-quotations and in the price of Ewas ment Day and anally he delighted particularly, but it is gratifying to. us with two new and entirely localic able to report that, but for one verres of Chin Chin Chinaman, one exception, the Settlement went about "a sharobroker's business and through in its original form. then a little 'money-changer's shop -but again

**China men no money makce." Mrs. Bowes Smith and Mr. H. V. Parker won rounds of applause and Mrs, Davidson was n delightfully domineering s the Marquis Mr. A. Brock) himself.

The Geisha does cot, of course, "wear as well as the Gilbert-

us

Sullivan and German pieces, but the Philharmonic have given great enjoyment and made the familiar music vivid to everyone who rolled up to the theatre during the production, and pretty well the whole English community did at- tend.

Several speculators who had done badly in Ewos, it is understood, found themselves unable to mee their commitments a few days ago, and communicated with their brok- er accordingly. The brokers' head- quarters were duly notified and steps taken prior to the settlement to meet the difficulty, which was a matter of from 250,000 to $10,000, I understand. The settlement yes terday, according to one broker, ran into several million dollars, and the banks extended their hours un- til s p.m. While they gave brokers facilities to this" extent, bankers Ware extremely enutious about cheques, this being no doubt due to the circulation of scare rumeurs prior to the Settlement.

tion during the week than any other CEMENTS attracted more atten stock, and a fair business was done at rate ranging between $13,20 to $13.70. Buyers were offering $13.00 without getting any response at the close.

*

*

Yesterday was the average kill- ing frost dato in the belt, and as the frosts this year have been earlier than usual, they have put an end to any hopes of further growth.

There is no doubt that the spin-

CANTON TRADE'.

NOTES.

The kerosene market is stagnant

•

ning qualities of this crop, at least there being no demand either in as far as Texas is concerned, are Canton or in the country districts. less than usual, and the latest pick-Supplies are abundant. ings in the Northern and Eastern portions of the belt will no doubt have suffered serious'y in grado and in spinning quality. This may counteract to some extent the in- creased supply of other growths which have been competing with American.

Prices of dried medicines (Chi ese) have risen. Since the latest var there Kwangtung-Kwangsi have been but small arrivals from the latter province,

Timber business, has been on the

decline for years and has been especially bad this year. Supplies being short, prices have risen and

The easier tendency of raw cot ton has caused a more unsettled tone in Manchester during the past week, but the opinion is held that the trade is slack. if the price of the raw material steadies around the present level, terior have been few and the current the demand would broaden.

Arrivals of cattle from the in-

are low.

*

Textile advices from the U.S.A. price of beef is about thirty-four are somewhat conficting. It is said taels per picul, being seven lo eight there are indications of some tools higher than usual. broadening of the cloth demand, The cane molasses market is slack. but we also hear that Southern Local consumption is limited and mills are expected to begin curtail-

demand by country marchants is ing production in the near future.

The lates: Sgures available do also slack. Arrivals from Java and not change our belief that consum Surabaya are abundant and prices tion will reach a minimum of 13 million bales, and we still think that this quantity will be exceeded. The tone of the market is much healthier after the deelige, and it EWOS appreciated slightly duris hoped that the lower level of fing the week and closed with bugers prices will result in increasing con-

offering Tls 14.73 for shares.

sumption.

We maintain the opinion we have previously expressed, that had it not been for the Wall Street de-

AMUSEMENTS-This stock ap pears to be quite sound, and shares changed handa at 927.30, although only a small parcel was concerned. There are further bayers at this figure.

REPLIES TO READERS..

Readers who are interested in the local share-market are given an opportunity to ask any question-re- lating to local conditions, and re- plies will appear in this paper every Tuesday. Questions of prac tice, and custom, and prospects of various stocks, etw., in Shanghai and Singapore, ean, be also dealt with.

Every effort will be made to give as full a reply as possible, but it is distinctly understood that the no responsibility writer assumes whatever by so doing.

#

bacle, prices would be higher than they are to-day.

As long as there is any hedging of the crop to be done, there will

probably be weak markete, but prices are at an interesting level, and once Wall Street steadies up for good, the demand will no doubt broaden again.

Empire Cotton,

#

*

*

Local candle factories have been doing fairly well recently. The pro- ducts are selling well in the coun- ry districts, their quality being up to that of foreign makes, and the prices are cheaper. The demand in the local markets is twice that for the imported articles.

Fire-wood prices are exceptional- ly high as supplies from the North Firewood of superior quality is new and West River districts are short. being sold at about thirty catties the dollar. It is expected however that the price will drop in the near future as tow-boats and junks have resumed sailing.

•

Dealers in jade have found, good A prominent European firm in market abroad the last two years. Bombay estimates the East Indian Large quantities of European-style crop ns only 39,000 bales above last ornaments are made and exported, season-7.001.000 bales, againetixing popular in Europe and 0,933,000 bales.

Americs on account of the find

But it was not only the English "community who were present. The Japanese Vice-Consul said to our representative that he had very

Letters must be addressed to Caution was the keynote of the

One of our Bombay correspon workmanship of the Chinese jade genuinely enjoyed the performance

Kufan," care of the Editor of

dents writes that exporters com- engravers. The quantity of jade and many of his fellow-countrymen settlement, and this was quite the

correct attitude to take. Now that this paper, and must bear the name

mitments for Comra cotton are ex- ornaments exported annually is and women had done the same,

the Hong Kong settlement for and address of the writer, It is tremely light, and as the cotton several times what it used to br. The costures and scenery were excellent the only nuomaly being December is over, it remains to be desirable to include a nomme de

will soon be moving freely, heavy Demand by the Chinese themselves

i. however, small. the modern uniforms and. you did seen how Shanghai has fared. It is plume to enable the correspondent hedge sales are anticipated. Ben- not anticipated that they have done easily to identify the reply intead-gala had previously been. depressed and are now so cheap that they are well in the North as the brokers ed for him.

not likely to go much lower, ir Hong Kong have, as the failures there have been to the tune of several lakhs in each instance, and there have been a good number of failures to meet obligations judging from reports reaching the Colony.

get quite a real Japanese atmes. there. The Geisha was excellent fun. And Wan Hi!''

As a result of the Settlement

having gone through without any serious difficulty of any sort the market yesterday afternoon showed

Those who have written in lust their week will find answers to Guerries below:- CAREWORN-No, I don't think that you, as a shareholder, have any right to ask any questions on this matter until the annual meet- ing, and only then if you can show that shareholders have to pay. Otherwise. there nothing gained by asking.

can

be

Egyptian Cotton.

Commenting on the "Egyptian Government's decision to take up futures contracts at $27 for Sake!'

In sympathy with the decline of and $10 for Uppers, one of our American, Egyptian futures fell to | Alexandrin correspondents

Bays a new low level for the season, that it was soon realised that the When, however, the turn came in tenour of the Government declara- the American market, it found the tion was such as to leave it in the Egyptian market in an apparently hands of Ministers to operate ac oversold condition as there was cording to circumstances. In other little cotton on offer: Values nd-words, the prices mentioned do not vaneed rapidly on short enovering. necessarily constitute a minimum but have since cased off somewhat. as they can only refer to tender-

Sakel still seems rather high as able varieties and grades. More compared with American, and we over, in the event of a further hesitate therefore to express n general decline, the Government.

might reduce its purchase prices us

- Producer's Thanks, Mrs. Hunt came before the cur- tain and made a short speech, she said: "I can only say again thank you enormously for the marvellous receptions you have given us. It is a real pleasure to me to thank all these wonderful people for the work they have done. On a former necasion I forgot to mention especially my thanks to Mr. Smith, the electrician and his two assist- data, and dear, loyal and splendid Mrs. Griggs who has worked with

opinion. HONG KONG BANKS-A few us so wonderfully for three whole months. I mostly deeply appre-shares changed hands during the ciate her amazing kindness and week at 81,315 to $1,320, and they loyalty. It is a real joy to find finished with further buyers at the KINGSTON-You are wrong. The cantars, Other varietice: 2,141,105, report fair trade, but prices are

such appreciative audience and aplendid co-workers, and I am more than amply rewarded. (Loud ap- plause.)

The Auction,

The auction of the superfluous eostumes was, then proceeded with, "Takemini acting as auctioneer supported by "Wur. Hi." The casuumes were offered at an upset price of half the original cost. Blossom's red kimono reached 336. Chrysanthemum a 830, The Marquis of Imari's" wedding robe went at the upset price of $150, his other costume was with- drawn. "O Yuki San's" purple and green kimono went for 827

strong favourable reaction, prices Appreciating generally. Cements and China Light were greatly in de:sand.

latter rate.

+

*

UNIONS have also been În de- mand. At about $382 buyers could

•be found, but shares are difficult to

"Mimosa San's' first kimono at $3 and her second at 850. Two of the white embroidered kimono worn by the Chief Geisha in the first act rnised $35 and 10 respectively, while another mauve one was sold for $30. Wun Hi bought an unworn brown kimono for 897. The magnificent gold thread obis for one of which, the upset price was 8150 were not sold. The total of the auction was 8453. Probably better prices would have been ob- tained and more lots sold had it not been so unusually cold a night, but many people who might other- wise have stayed nad enjoyed the

*

GENERAL-I should say in the vicinity of 18 or 20. The position is due to speculation. The pro duct is being snapped up, but the price of shares is not going up because of the speculation.

Company will still have an over- draft and a very substantial one in spite of the money recently received.

get hold of unless much higher COMPANY-1 advise March or prices are paid.

April as the best time. to buy. These months follow the payment of the annual dividend, and prices ought to be lowest then.

WHARVES are wanted at $142, with no sellers in evidence. The' stock is, in all probability, going to rise still further, as they are in good hands and sellers seen scarce, with inquiries coming into the mar ket from good quarters.

.

PROVIDENTS had a slight rise during the week, sales being effected nt 85.45.

•

HOTELS-In spite of the news of the sale of the Majestic Hotel, this stock has "cased off Early in the week, they were done at.811,85, but nt the close shares could be obtained $11.50, there being quite a good few parcels offering in the market.

*

*

+

LANDS changed bands at 283.50 and closed with further buyers of fairly big parcels at this rate.

•

.*

REALTIES changed hands at

this figure.

*

*

*

D.S.5.-Please send more particu

lars. Have written to Shanghai on your behalf for news regard-' ing this, meanwhile more parti cutary would help.

AMERICAN COTTON.

MODERATE OFTIMISM,

Mesara. Pentreath & Co. bave forwarded us the following letter, dated November 19, from Messrs. Hornby, Hemelryk & Co., Liver pool:-

Values declined this week to a price at which the U.S.A. Federal, Farm Board was prepared to ad- vance funds against the crop, ie, on the basis of 16c. for cotton in the South, and the Farm Board

the co-operatives for the purpose of financing farmers.

fun went home in order to get $1,50, and more could be placed at did, in fact, start lending money to

WITH.

*

*

HUMPHREYS-A small parcel ut shares were done at 814.40.

*

*

The action of the Farm Board had a very good effect on the mar ket, and sentiment was also in-

The Egyptian Government est happened during the former inter- mates ginnings to the end of Ocnvention. ber 2& follows:-Sakel: 599,739 Some spinners of Egyptian counts

Scarto: cantars.

30.672. Total: 2,721,399. still unremunerative and conditions generally remain very unsatisfaz- (Continued on next Oulumn.)

tory.

DODWELL & CO., LTD.

NEW YORK BERTH.

FOR NEW YORK & BOSTON via SUEZ.

LLOYD TRIESTINO.

REGULAR MONTHLY PASSENGER AND FREIGHT SERVICE for BRINDISI, VENICE AND TRIESTE (FIUME)." TAKING CARGO ON THROUGH BILLS OF LADING TC GENOA, ALL ITALIAN, ADRIATIC, LEVANT, BLACK SEA AND DANUBE PORTS.

REDUCED PASSAGE RATES. BRINDISI, VENICE & TRIESTE ... LONDON

£75.0.0. £83.0.0.

NEXT SAILINGS.

OUTWARDS. FOR KOBE, YOKOHAMA & MOJI.

From Hong Kong. Sails on/or about the 27th Dec. Bails oufor about the 2nd Jan,

M.V. "HILDA”... M.V. "REMO

EXCHANGE RATES.

TRAMS changed hands early influenced later by the American con [DRITISH WIRELESS SERVICE]

the week at various rates, between sumption figure for October with HOMEWARDS FOR BRINDISI, VENICE AND TRIESTE, 818.70 and 819 The rate dropped RUGGY, December 22,

123.80

slightly at the close, buyers offering without only 818.50 for shares, 4.88 5/32

There are not. 34.861

response.

many shares offering, and buyers will 25.001 12.10 have to come up in their ideas if

they want to secure shares...

Paria New York........ Brussels Geneva Amsterdam Milan Berlin

93.25

90.38

Stockholm

18.00

Copenhagen

18.18

Oslo

18.19

Vienna

34.67

Prague

10-19

Helsingfors

104

35.21

1081

370

817

5#

147

Madrid Lisbon Athens

Bucharcat

Rio 'Buenos Aires

Bombay

Shanghai Hong Kong Yakaber moura

Bpot Forward

#

. יד

17320/32 ..... 2/2·

1/72 2/01/e

22.1/16

22

*

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*

was given by the Census Bureau as 11,000 bales, compared with 540,000 bales for September, and $19,000, bales for October last year,

The consumption was much bet ter than had been expected 'owing to the somewhat unfavourable tex- tile reports current in the last fort-

M.V." HIMALAYA" M.V." VIMINALE" 8.SHILDA M.V. "REMO"

From Hong Kong. Sails bence oufor about the 25th Dec. Bails hence on/or about the 2nd Jan. Eats hence on/or about the 25th Jan. Bails hence on/or about the 4th Feb.

sumption for the first quarter of NATAL LINE OF STEAMERS

STAR FERRIES are steady with aight of October, and U.S.A. con- buyers at $60.50.

the sencon now exceeds hy 107,000 bales that for the corresponding CHINA LIGHTS have been sub-period last year. jeet of a fairly large business at varying rates between 917. and $17.75. They closed firm on Satur- day.

Another factor giving rise to op- timism was the reassuring state- ment issued by President Hoover to the effect that business conditions in the United States are funda- HONG KONG ELECTRICS im- mentally sound, and that he has proved slightly in spite of the convened a conference of leaders of December Settlement, which in-induetry, labour and agriculture to cludes several large deals in this stock. Quite a large number, of shores changed hand at 80s and 9gorie for staining a couch as 805.75. At the close more shares were wanted af 805.30."

draw up plans for the stimulation of exports and business expansion.

Över and above the foregoing.. there have been amazed. followed by rains in parts of the South,

& COLOMBO · TO SOUTH AFRICAN PORTS

FROM CALCUTTA

8.8. "UMZUMBI" ... Sails from Colombo osfor about 9th Feb. Regular Passenger and Cargo Service to South African Parts. Through Billa of Lading issued from Hong Kong.

For Freight or Passage on any of the above Lines, apply to:-

DODWELE

Telephoner Central-1020.-