1930-08-28 — Page 12

12

FRUIT AND A SLIM

FIGURE.

GROWING DEMAND IN EUROPE.

"RESEARCH WORK, IN

DOMINIONS.

The development of fruit-growing | in the Empire from an economic point of view.was discussed by Mr. F. L. Dougall, when the Imperial Horticultural Conference opened at the Suciety of Arts, Londen, last month.

Ir. Dougall said that the in- creased consumption of fruit England since the war was partly

HONG KONG DAILY PRESS, THURSDAY, AUGUST 28, 1930.

Money and Markets

CUBA'S OFFER TO LIMIT

SUGAR PRODUCTION:

PLAN OPPOSED IN THE

UNITED STATES,

(KEOTER'S AMERICAN SERVICE)

SAIGON RICE MARKET.

VERY LITTLE BUSINESS PASSING.

The following report has been issued under date August 13 by the Société Indo-Chinoise de Com. merce, Saigoa;-

The rice market has been very quiet with very little business pass-

NEW YORK, August 26. Senator Gutierrez, on behalf of caba, has offered to limit sugaring. production for five years providing the United States, Porto Rico, Hawaii and the Philippines fol- low suit.

Under the plan the Cuban exports into the United States in 1931 would be 2.800.000 long tons, which would be the basic figure for the follow ing four years.

due to the fact that people were showing a marked desire to be reasonably thin and believed the use of fruit would help.

The consumption of grapefruit in recent years had increased enor. mously, and in 1999 542,000cwt, of grapefruit were imported, of which 450,000cwt. came from foreign sources. It was estimated that 100 apples were consumed by every person in Great Britain in a year, compared with 200 for every person in the United States, while the total in Canada was even greater. If the old precept " An apple a day keeps the doctor away" wete fol lowed the demand for apples would be trebled.

Dietetic Values.

There had been a big increase in the consumption of oranges, but only 10 per cent. of those consumed came from Empire sources. The orange market was virtualy domi- nated by Spain," while Italy con- trolled the lemon industry to such an extent thas Empire growers of Teroris could not afford to market them. Empire growers should, however, remember that apart from the market in Great Britain there was a world market for fruit of all kinds.

European countries. generally were showing greater appreciation of the dietetic value of citrus fruits -oranges, lemons, grapes,

and grapefruit.

Mr. J. L. Brown, chairman of the New Zealand Fruit Export Control Board, said that the Board bad under-consideration the introdue- tion of fresh outlets, the develop ment of new markets, and the stabilisation of the old ones. Since

the Board had been established, exports of New Zealand fruit had increased sixfold.

the

Mr. Burguieres, on behalf of the American Sugar Cane League, says that the larger sugar concern, in Louisiana uniformly oppose proposal and declares:It would be the height of folly for us to en- ter into an agreement to curtail production, inasmuch as we duce only half of what we, con- sume. Let Cuba, Java, India and the other countries, producing nore than they consume aclve for themselves the problem of disposing of the surplus." #

Report by Java Syndicate.

pro-

SOURABAYA, August 9. most critical, is far less favour- The world sugar situation, which able than during the 1920-21 slump, according to a report for 1929 issued by the syndicate of sugar factories in the Dutch East Indies (which ours 179 factories).

The position is largely attributed

to under-consumption.

The report expresses the opinion that the continuation of protection America is doing incalculable harm to producers in other parts of the world, while America's greatest interest is to be an eager consumer

and a solvent customer.

The report says that this point of view must triumph in the long run.

The report also expresses the opinion that China. India and Rus. sis must some time in the future again be enormous sugar con- sumers, but these feeble rays of light will not alter the sombre outlock for the industry in Java in the near future." It is a fact that the Java industry has not had to resort to masa dismissals, "Wage reductions and restriction of ont. put which are attributable to the system of rational economy par sued by many companies, but if the slump continues special provisions may be necessary,

Proposed Restriction of Exports

to "U.S.A.

The following information has been courteously supplied by a local firm which yesterday received news by cable of the proposed restriction of exports to the United States of Cuban sugar.

At a meeting.of representatives Horticultural research was

of domestic sugar interests the dis.

President of Cuba proposed that cussed at the afternoon session, the export of sugar to the United when Mr. W. T. Macoun, Dominion States during 1931 should be limited to 2,800,000 tons, and during 1932 horticulturist, Canadian Depart-

to the same amount, plus an allew. ment of Agriculture, said that the ance to meet the increased U.S. Dominion experimental farm sys-consumption shown in 1921.

This procedure, it was suggested, tem was run by a staff of technical should be continued for five years, and semi-technical workers. They except that during the last two had 27 experimental farma and years only half the extra allowance stations, seven substations, and 207 for increased consumption be ex-

ustration stational These were ported. scattered over nearly four thou Provided this arrangement is sand miles from east to west and agreed to, Cuba will segregate, and were directed from the experiment- the banks will liberally finance, not al farm at Ottawa.

less than 1,000,000 tons of sugar for

the liquidation outside United States over a period of five years.

-National, System of Research, ·

He believed that now competition was so keen there' should be some national system of research, and the results made available to all those on the land in every part of the Dominions. An advantage of The centralised system was the co- ordination of research in many places, thus avoiding overlapping and confusion,

Mr. B. Habe described research work in South Africa, where, he Baid, the Department of Agricul- tare was undertaking extensive fruit investigations covering a wide field.

Sir Frederick Keeble referred to the work of the agricultural re- search station at Tealott's Hill Farm, and said that valiable tests as to the suitability of various, fertilisers in different districts at home and overseas were carried out

Professor A. C. D. Rivett, chief executive officer of the Australian Commonwealth Council for Scienti- fe and Industrial Research, said that the question was often asked whether really good scientific work could ever be carried out under Government auspices. He was sceptical of having highly scientific work where he was necessary to maintain close relations of a poli tical kind. There was a tendency scentch Jána particular wuliracija Abees was a tendency to divert effort in a direction dictated by the demands of the moment. That was a policy they should fight against, because borticultural re- search could not be carried out. satisfactorily unless they could re. train that influence, which existed wherever there we bureaucratic "direct Government contról

Domanis from France have slackened, our prices being too dens to interest buyers in as much as rates of freight having advanced, prices work out very high for ship- ment September/October/Novem

ber.

did From foreign countries we not hear of any subsequent busi- ness closed.

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE.

SHAREBROKERS' "ASSOCIATION.

/ WEDNESDAY.

Bayern Batters

AUGUST 27.

Buywri

Seleen

Bale Mouton

Banks

$1,435 $1,440

HK. Banks

£103

$900 $1.80

T.160

$438

$400

$443

8985

1281

On the close of the market, one smal rice miller absconded, and $24.85 some purchases have been effected (about 2,000 T.) to cover his un executed contracts.

Consequently the market closes steady with the following prices:-

No. 1 Long 3 per cent, and No. 1 Round 25 per cen-124 francs per 100 s.; 7.00 guilders per Java pikol; 6.30 yen per pical; 10/10 shilling, per cwt.

T1.30 T.61

No. Japan 40 per cent.-120 franos per 100 ks.; 7.45 guilders per Java pikol; 0.10 yen per picu};|| #21] 10/5. shilling per cwt.

Brokens I and 9-117 francs per kol; 3.78 en per picul: 9/11 100 ks.; 7.27 guilders per Java shilling per cat.

1:16

F.O.B. Saigon, shipment August/ September.

$165

$186

$31

$5,30

139%

1.260

Paddy:-Arrivals continue to be From the last Dews insufficient received from the interior it seems,

however, that the catives are be ginning to sel their remaining stocks, fearing the arrival on the market of Cambodgia paddy and the early crop.

TEXAS GOVERNÖR'S APPEAL.

SOUTHERN STATES ASKED

TO BUY BALE COTTON."

FREUTER'S AMERICAN SERVICE)

AUSTIN (TEXAS), August 26. The Governor has telegraphed to all the Governors of the Southern States an appeal to "buy bale cot- ton" of the 1930 crop at 15 cents par fb.

If the nation responds,, he says, they ought to take 5,000,000 bales off the market, and so raise the price and assist the farmers who aro suffering from drought.

Paris New York Brussels Geneva Amsterdam Milan Berlin Stockholm Copenhagen Vienna

Do. (London) 5101| Chartered Banka ... £37

$60

FOREIGN MAILS.

RADIO NOTICE.

"Individuals and firms are recommended to register their tole graphic address at the Radio Office. No charge is made for this,

London, 31st July, and parcele, 24th || Kashgar ....." July)

JALAN

U.S.A., CANADA, Jatan and. SHANGHAI)

(Seattie, 9th Aug.)

SHANGHAI and Amur

Jaran- und BHANGHAI

CALOUTTA and Stuarts

SHANGHAI and SWATOW

SHANGHAI and Axor

STRAITS SAIGON

INWARD MAILS.

FROM

Fia

Das

$1,440

£17

Mercantile Bits "A"

£1st

$191

Do. Bank of East Asia...!

"C.

$115

CANADA, U.S. A., HONOLULU, JAPAN and,

SHANGHAI (Vancouver, B.Ü., 7th Ang.) and Evnors via Sinanza (London, Sth Aug.)

Emp. of Canada.....

28th. Ang.

▸

BUROK VIA SUR (Letters and papers,

28th Ang

Lasurances

V

La Plata Maru

98th Aug.

***

Canton Insurances.. 3955

Underwritera

3.75

叫啡

Pres. Madison

29th Aug,

North Chinasa

T160

Nanchang

29th Aug.

Union Insurancës ... $439

...Kathmir

19th Aug.

*

ML350 Yangtze Insurances

29th Aug.

China Fires

$400"

S0th Aug.

HK Fires....

$986

Flat Ang!

1st Sept

ติ

Shipping

1st Sept

JARAN..

"

2nd Sept.

Douglases

$224

JAPAN

**

++

3rd Sept.

Steamboats

$25

BOUKAZATA

3rd Best.

有興

$43

Indos (pret)

$43

SHANGHAY

Oldekark...

6th Sept.

$40

Do (def.)

$40

87/

Shell Transports"

93/7

$32

831

HAI (San Francisco, 8th August) U.S.A., Honolulu, Jaran and Swang-1

Pres. ¿dams

7th Sept

•HAI (San Francisco, 15th August)...Fres. Pieros "AUSTRALIA. and Manila

8th Sept

81. Abbana:

****

Sth Sept

28/0 T1440

$7.40

T.1

T6

32.2

Tronoh Mines *******

Docks, WharveE,

FOR

PRE

Godowns, etc.

DATE and TIME

Thursday, 98th,

15

26/3

Water-boats

Mining

Benquets Kailans

Langkate (comb.)

Do. (single).... Explorations................ Shanghai Loana

Raubss.........

H.K. & K. Wharfs...) $163

U.S.A, HONOLULU, Jaras and Shang-1

Ho Sang... Sunning Tisondari

Berrima

Genk, Melvinger ..|

Sydney Maru

Tanda...

Tjibesar

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 am. registered and parcel mails are closed at 5pm on the previous day.

Providenta

nisen) $5,33

H.K. Docka

Hoihow, Pakhoi and Haiphong

$39

Faibow

T.116

Amoy and Fermons vis Swatow

Swatow

++

14.

Manila

***

T118 Shanghai Docks...

T.7 New Engineerings

Hongkowa.......cate

Lands, Hotels, and Building

H.K. & S. Hotels... $10.60 H.K. Landa cam. 375)

ex righta $73 Do.,

rights $12

T.187 Shanghai Lands ....

H.K. Realtya... 89,10 | Humphreys..............| $15.40

Chinese Patates

Cotton 35ills

Ewoś

$10.65 81070) 8791

$79/80

$75

$12)

89

191 $16

137

T19.80 $12

+

11:

Don

418

Samahui and Wrożow

Iamchew!... Kusiyang...

Dali Maru Hydrangea

Taiming.

Shanghai, Japan and "HUROPE via Siberis Kashgar

Emp. of Canada...

Beg. Letters

8.30 A 10 20 L 10.30 À

3.00 3.80

4.00 PM 5.00 PM

6.00 px

Friday,

29th,

Saigon,

Ceylon, India,

Mauritius,

East and South Africa and South

La Piala Maru

American Parts...

Swatow, Amoy and Foochow

$9.25

Hai Ning..... Canton

709

Haiphong

Hosang

***

Amoy

T12,35 12.3

150

1.80 T9.30

Straits, Ceylon, India, Maurition, East

and South Afrios, Aden, Egypt an EUROPH via Warsailles-due Mar aallies 17th Septembar

Kashmir

M⠀⠀⠀⠀!!

*** $17.50 ex div. $17.35 ex'div.

C. Lights (old)...........| #24}

T.103 Caldbeck, (ord). T1040 Macgregore (prof.) Canton Ices

Amoy

$12)

$24.80

78.

aggiungi

Anking

Janion Maru „Kalgan" ''

Shanghai, Japan, "Cauada, *U.8.A.. #O. •

and *S. America.and "HUBOPE via

Pros, Oleveland

Victoria, B.C.-dae Victoria, B.C., 19th September

Ohenat

10.30 AM

2.00 P K 2.80

5.00 PM

Kowloon P.0. Parcele 4.30

Bég 30th,9.00 a 1 Letters 10.00, M G.P.O. Par 29th, 5.00PM Beg 80th,9.45 a m Letters 10,80 ▲ w

Saturday, 30th,

5,00

Sunday, 81sk,

9.00

AIM 9.00. C SEPTEMBER Monday, Int Pardel 11.00 À 2 Reg. 11.00 .. Letters

Noon

Foochor...

Shanghai, Japan and "EUROPE via Siberia Genl. Matsinger

Manila and Javs vis Soaralays Swatow, Amoy and Foochow

Manila, Australia (except Thursday Inland) and New Zealand via Brisbane-dae Brisbane, 16th September

Straite, Ceylon, India, Mauritius, E. sadj

8. Africa, Egypt and EUROPE i Sarpedon Marseilles-dus Marsailles, 1st Oct....

Bangiang Emp, of Janada

Letters 5,00

Kowloon F.O.

Res

4.30

Entbarn -14.30 v m

G.P.O.

| Bex.400 5,00 v m

Letters 6.CO P»

Wednesday, 3rd,

8,20 & Parcels 5.00 PM Thursday, 4th, Rev. 9.15 m Letters [10.00 à Thursday, 4th,

T.83

Shai.. Cottons....

197

Zoogg Sings

Public Utilities

18.20 $18 $12, $8.20

$24.40 $191 $78

Tramways

Peak Trams (old)...

Do.. (new)...

$86

Star Ferries 882

8:41 8224.60

878 $78

Swatow, Amor and Formoss.. Bangkok via Swatow .......

Do.

(new)......

F.K. Electrics

$23

Macao do.

$111

Bandakan Liglits

$357 $29 40

Telephones (fully pd.)

Do. (part pd.) $231

· EXCHANGE RATES.

[CRITISH WIRELESS KERVICE.]

T.18

China Bases.........

**

10%.

Tractions OOPTARET

6/9

19/-

Do. (pref)

Indu ziala

RUGBY Augast. M.

***** 193.775

.......4.87

34.825

Noon

Noon

Tuesday, Jud.

Prisondari

Kaichiny...

10,90 AN

1.00

Bydney Mari

Beg.

415 PM.

25.00

12.085

$17.80

"12

Coments (comb.)....... $17.9u

Do (old)...

92.975

Do.

(new)...

90.39

18.11

$10.00 $10.80

16.105

$11

China Sugara.21001249

Ropes ******* $10.70

$27

Malabon Sugars **

34.455

United Asbestos

1644

193 18/32

Swałowe

1. Madrid

Lisboa Bucharest

45.05

108.95

816

$25.00

81

BM

13281

$25

Der A. Winginan

411/16

$28

Amusementa

Shanghal, Japan, Canada, U.S.A,, U. and 5. Amerian and EUROPE vis, Vane couver, B.0-dne Vancouver, B.0, 19th September,

Buenos Aires

1/31

310

Chin. Entertainra'ts.

$10

***

Bombay

1/51

$1.90

$1.00

Shanghai..

1/6

$4.70

$2.75

Foochow via Bwatow...

Chip Shing

5,00 x m

Hong Kong

1/32

$184

Yokohamä

2/0 23/64

Nanyang Tobacco...

$4

Friday,

Stb,

Sinceros

$11,60 $11.95

811}

Bandakan

Binsang

312

$285

Wm. Powella.......................

8% prem,

$108

Manila, Sandakan. Anstra and New Zealand via Thursday Island-que Thursday Island 20th September. Swabow, Amoy and Foochow...

Farcals

10.80 A M Noon

Fanda

Tatters

1:45 P

Letters

2.30 x 1

· 1.00 x 1

Saturday, 6th,

Habar!

Bremerhaven

Noos

|Monday.

3th,

WEEK DAYS.

SUNDATS & HOLIDAYS

Amby

Tum Sang

5.00 M:

FROK G.P.O.

FROM SHEUNGWAN. BRANCH P.O,

Straits and Calcutta

Katering

Tuesday, 9th, Parcels Letters

Noor 1.00 2 1.

Pargue Helsingfors.....

Rio

Silver, spot & forward 161

AMERICAN STOCK QUOTATIONS.

LATEST WALL STREET PRICES.

The following quotations have been received from their cor respondents, Messrs. Hayden, Stone & Co., of New York, by Messra Swan, Culbertson & Fritz, Bassoon House, Shanghai, (cable, address: Swanstock, Shanghai), who are not responsible. for cable mutilations

Tone of Market.-Strong. No. of Shares: Done.1,750,000AALI

·Call Money-2 per cent.

American Smelting Anaconda: Copper... Baltimore and Ohio Borg Warner *** Continental Ol

City Service Common Curtis Wright Common Eastman Kodak Electric Bond and Share Erie Railroad....... General Motors fonsine General Railway Bignal Gold Dust

Goodyear Tire and Rubber Granby Consolidated .... International Cement International Nickel Montgumerph-Wardy wscho Novads Consolidated Co Radio Corp

Sears Roebuck & Co.-imma Simmons “Cosm

New Yox, August 20, 1000,

Leat Dividend.

Latest

Canton

· 2,50-

Standard Oil of New Jerany: Standard Oil Co. of New York Union Carbide and Carbon,zem United States Rubber United Blates Btool

*E*

Miscellaneous

Dairy Farms

Constructions.

Lane Crawfords

Mackintoshs

Watson

BT B. Ind. G. Bonds... 61%

B.K. Gort Loans ....

LOCAL AND REGULAR OUTWARD MAILS.

FROK SHRUNGWA G.P.O.

· BRÁNOK -***

P.O.

[(7.15-x,m,&} [7.30 am; &. 3.5.00 p.m. Bandaya

€7.18 am 18.00p.m

7.30 am.. 17.00 pm,

7.00 pm...!.

Smdays

(6 p.m. only

1.00 puta. Lonly

Macão & Trinskani

$7.15 am. &) [ 7,30 K.EL 1'1.15 p..

1.30pm

1.15 p Sundays

180 Shuttle

Sundays

None

-30%, A

None

B

915

Koagmoon (except Saturdays)

Kankong (oncept Est

6.00 p.m.

6.00 pm. 6.00 păm

$.15 .. Lonly.

6.00 p.m.

8.30 in. Lonly

6.00 pum.

None.

Fatshan (By Train)

7.15

9.00

7.15 s.bt. 9.00 am

† 9.00a.m. &

9.00 mm.

8.00pm

[ 9.00 am, &

1.80

2.80

·Tai O

Tai Po

Shurachan

Aberdeen

Autan Pings

13.00 pmf

12:30 pm. & 4.30p

8.30 m

1.00 pm.

#Buparacribed correspondence only.

†7.15 am, & (7.30 azi, &

6.00 punt

FIRST BOOK YOUR PASSAGE

and then send a Chit to Ice House Street, ordering the Weekly Press to be sent to you for Three, Six or Twelve Months-or longert Enclose Notes or Cheque for

110 Km.

€11.00am.

&480 pim

WE WILL DO THE REST.

8.3D

100 pm

Stanley

Shatin, Shatav

8.00 p

10.30 am.

'Shanghail:'!

14.80 1.22

4.30. pára.

Balkang

Namtan, Shakki & Taiping

(Fum (in)