1931-01-31 — Page 5

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HONG KONG DAILY PRESS, SATURDAY, JANUARY 31, 1931.

Money and Markets

MARKET REPORTS. HONG KONG SHARE

RAW SILK AND COTTON.

The following reports, dated January 6, have been issued by Messrs. Hornby, Hemelryk & Co., Liverpool:-

Raw Silk.

The market has been quiet but has displayed a firmer tendency during the fortnight under review, and values show on balance an ap-, preciation of about 11 to 13 points thanks to an improved demand for Spot Silk.

The New York certificated stockc on the 21th ult. totalled 4,150 ales (1,980 bales Grade C, 1.720 bales

Grade D, and 470 bales Grade 2).

The mid-monthly figures denota an improvement in the Japanese statistical position, the figures com- paring na followa:-

November 1-15-Shipments to America, 24,444; arrivals from in- terior, 28,000; into sight, 24,004;

port stocks. 141,000..

|

MARKET.

BENJAMIN & POTTS'

WEEKLY REPORT.

Messrs. Benjamin & Potta' weekly report of the local sharezarkot, dated yesterday, is as follows: -

The market cosed of satisfactori ly. Since then a steady undertone has been maintained.

|MURDERERS THANK ST. ANDREW'S CHURCH.

"RED TAPE."--

MANY FREE BECAUSE OF POLICE HANDICAPS.

EXTENSION AT KOWLOON TONG PROPOSED.

C

That the officers of St. Andrew's Church, Kowloon, were contom- plating extending their activities Prominent criminologista in Eng-to the distries, of Kowloon Tong, land, reviewing the long list of where it was intended to erect a unsolved murders of 1030, still hold branch church, was made by Mr. that many of them remain mysteries C. Carruthers, Hon. Secretary of solely because of the conditions the Church Council, at the annual under which police inquiries are meoting which was held in tho made following the report and re- Church Hall last evening. mission on Police Procedure. commendations of the Royal Com-

The Rev. W. W. Rogers, tho It is argued that many of the Vicar, presided at the meeting, and recommendations of the Commission he was supported by Mr. Car- seriously handicap the police in ruthors, Mr. O. B. Raven (Hon. well he providing the criminals Treasurer), Mr. F. W. Stapleton dealing with suspected persoDB,

with a full knowledge of the legal (People's Warden), Mr. J. W. Lai Banks continue firm with buy

Banks-Hong Kong and Shang-powers of the investigating officers.Baldwin (Vicar's Warden), ind It is pointed out that a suspect, word by the Commission's findings, has C18 at 82,030. Several sales made at $2,030/2,050. The sterling been forewained, and, in addition, price is £110. Dank of East Autos has been practically advised to hold his tongue and to be constantly on Marine & Fire Insurances-his guard against compromising Stocks in this section have under himself. gone very little change. Cantons The police, it is stated, are also

were sold at 8120.

remain at $1,300 after sales at this price and at 81.205. Unions were dealt in at 8595 Neither China Fires nor Hong Kong Fires show any obange, but a few shares of the alter are obtainable at 91,300. There are buyers of Underwriters at 831.

November 10-30:-Shipments to America, 21.005; arrivals from in- terior, 25,000; into sight, 27,270; port siceks. 112,000,

Shipping-Hong Kong, Canton December 1-13: Shipments to and Macao Steamboats have fur. America, 1,200: atrivals from in-ther weakened and shares are offer. terior, 27,000; into sight, 10,005;ing at 897. Union Waterboats are port stocks, 130,000,

obtainable át 839 and possibly a little lower, Shell Transports inve firmed up to 76/-, ..

The port stocks include 112,000 hales of the syndiente, the available | supplies amounting therefore to about 27,000 bales.

Business in thrown silk and in finished goods has been on small lines during the past fortnight, buyers having been disinclined to augment their stocks owing to stocktaking at the end of the year, Now that this is out of the way, the demand should improve, but the fortunes of the silk market are, of course, bound up with the general prosperity of the ultimate con

almers,

the

American

Docks, Wharves and Godownз.→→ -Kowloon Wharfs, after anles at 8172 fell away to 8170 but close firmer with buyere at $171. Hong Kong and Whampoa Docks are on- quired for but holders are reluctant in sell at present price, A. fow sales were made nt: 830)/31 China Providents wore booked at 88.30/5.35 and the now shares are marked' at $2}.

Lands, Hotels and Buildinga.- Hong Kong Lands continue in de. mand with buyers at 888. Hum- phreys Estates are alightly lower and were sold at 817. Hong Kong Hotels have again been the mediuni of a fair business with sales at 12.76/12.00. Realty weakened to 930 but close stronger with buyers at_80).

apprehensive that there is a ten- dency to "molly-coddle" the criminal, and that the authorities are perhaps inclined to show too much consideration to wrongdoers.

1920's Legacy.

The year began with a legacy of seven unsolved murders from 1920. These have been added to by the fullowing:-,

Mrs. Carrie Whitehouse, found dead at Cheadle,

Beatrice Prendergaat, stabbed at Brighton.

the

Capt. I. D. Thomas.

Addrossing the meeting, chairman said that the past year was the first they had spent since the passing of the Church Ordin ance, and he thought it had been a satisfactory year.

In roferring to tho Financial Committee, of which Capt. R. D. Thoman was the chairman, the

Vicar mentioned that for the first time since he had arrived in the Colony they had a debit balance, which he attributed to the collapse of the dollar.

The speaker announced that this year the Church would be celebrat- Agnes Kesson, found murdered in ing its 25th anniversary, and one ditch at Epsom. Samuel Butler, found in of the things to be considered was i ravan at Findbury, Worcester- how the anniversary should be cole- shire.

brated.

Samuel Wilson, shot dead while driving his motor-car at Warsop, near Mansfield.

Margery Wren, murdered in her shop in Church-road, Reansgate;

and

Mrs. Thomas, killed by arsenic at

Lownnnick, Cornwall.

CHINESE TARIFF SCHEDULES.

The Officials. The officers for the ensuing year were elected as follows:-

Church Council: Mr. J. W. Bald-

win, Mr. R. Baldwin, Mr. O, Car-

ruthera, Mrs, Donald, Mr. A. W.. Eastman, Capt. C: Franklin, Mr. H. Gittine, Mr. O. B. Haven, Miss W. A. Robinson, Mrs. D. M. Rogers, Mr. F. W. Stapleton, Mr. S. A Sweet, Capt. R. D. Thomas, AMERICAN, WILLINGNESS TO Miss E. E. Walters, Mr. R. H

Wong and Miss McGill.

ACCEPT NEW RATES.

American Cotton, Three weeks ago we ventured the opinion that the pessimism was being overdone, and latterly there has been a distinctly more hopeful tone on the stock exchanges both in this country and in the U.S.A.,

People's Warden, Mr. F. W. and markets in general have been Electric were sold down to 870 and Public Utilities-Hong Kong

Washington, Jan. 4.A general Stapleton; Vicar's Wardon, Mr. J. inclined to stendy up.

We sincerely trust that there will close with buyers at 880. Chins willingness on the part of Ameri-W. Baldwin. LONDON BUYING AGENTS be no marked advance in cotton Lights fetched 825.30. Star Ferries cans to accept the now Chinese It was also proposed that Mr. T.. We offer you our services a bay as yet, because any substantial changed hands at 802) and more tariff schedules, which became A. Martin, who had been Hon. ing gouts for British or Conti enhancement of values at present Trams have been ruling weak with

shares can be placed. Hong Kong *ffctive on the first of this year, Auditor for several years, be invit- nental goods Established in 1844 but would encourage

was demonstrated to-day at the ed to become Hon. Auditor for the thoroughly up to date, our success farmer to plant cotton, and what business done down to 817). Peak.. Department of Commerce forthcoming year.

where it was revealed that so far attained by making out eastomers is chiefly required, not only in Trains are enquired for at $14.10. interest our first aims. Five expert his own interest but also in the

Telephones are unchanged-some

protests have been lodged bayars, with capable staff manage interest of the world at large, is partly paid shares sold

$23.

against the now Chinese import duties. Miscellaneous-Dairy Farma hayo different departments, baying, with greatest care every class of goods that he should be induced, either

However, it is understood hore giving our customers all the advan by dire necessity or by argument,firmed up a little and found buy-

that the acceptance of the Chinese to reduce his acreage very dras-rs at 8931. Green Leland Cemente Lage of wide arperience, and ensuring tically. Otherwise, of course, Ho have been largely dealt in both for

tariff schedules by the Americans their requirements being rightly sop

cash and forward. They close a

is in contrast to the attitude of the plied at lowest prices and best is cutting his own throat.

British who have indicased that' discounte.

In the meantime, we are faced shade weaker with sellers at $10.80, in this country with a dispute with Ropes are also easier being on offer the wearera, The trade union at 813.40. Hong Kong Amusements officials of the weavers do not seem

changed handa at 824. Government to have the intelligence to grasp Lean continues in demand at 01 the fact that times have changed per cent, premium. since the boom. They cannot 'or

KEYMEE, BON & CO; Waiterairs, London. Telog.. Koy London” Est. 1844.

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LIKE ONE.

COMPREHENSIVE AND COM- PLETE REPORT of the

NEWS OF THE FAR EAST is given in the

HONG KONG

WEEKLY PRESS,"

with which is incorporated

"THE CHINA OVERLAND TRADE REPORT.”

30 Cents per Copy, Subscription, paid in advan per annum for delivery in Hong Kong $13; including Postage to soy park of the world-$18,

no

they awgard some of the Chinese import duty schedules sa excessive. Also, some American businessmen are reported by the Department of Commerce to be apprehensive, over expected Chinese interal excies duties Thoy, it is believed, will result in protests from Americans.

Official, contend that time should- taken to study the taxation po licios of the Chinese Government as they devolop from time to time.

Mining-Rauba are weaker and are obtainable at $38) Benguets were sold at 8101. Goldfields of Venezuela bave strengthened in London and sales were made focalbe

will not appreciate the fact that all of us, except trade union officials, have got to work harder for our living in these bad times and for less return, and that if ly at 83.55. Lancashire is to compete seriously

Cotton MillsEwos are in good with other producers of cotton tex-demand and are wanted at Tla tiles in the world market, oppo- 14.38. Shanghai Cottons are un Rition to the adoption of the 8.1oom changed.

Rubbers.-The buying rate of rub

system must censo.

The ame thing applies to theber is quoted at 3.15/16 per lb., and coal miners in South Wales who the following are the latest embled are also being badly led by their advices received from Shanghai: -- trade union officials.

In spite of these two depressing factors, there has been - little more business passing in Lanea- shire, and we hear of some orders of a substantial nature from China notwithstanding the low price of silver. The demand from India remnine, however, very unsatisfac tory, and it is poor comfort for Lancashire to be told that other. countries are suffering from the boycott of foreign goods almost as severely un Lancashire is.

Anglo-Javas Anglo-Dutch Batu Aname Chomors Consolidateds Kroewocks Repahs

Buyers

84.85

-2,50

..35

.83

1.45

1.30

.60

.:75

1.30

4 25

Tanah Merahe Tebonga Ziangbeg Exhontigo. The T.T. rate on Lon- don is 1140, and on Shanghai 51. Forward Settlement Days. February 24, March 24 and April

In America, the textile situation shows distinct improvement, and it 28, 1031. is noticeable that spinners' margins are now improving. The curtail-

present low price.

Egyptian Cotton.:

4

ment of production of the. Inst. low to stock up now that goods are so months haa brought about a state cheap and secure the benefit of the of baro shelves over there just the same as in other countries.

There is a scheme on foot. In Lancashire for the fixing of definite Steadier marketa have prevailed marginal" rates to cover the cost of during the past week on short production of efficient and reason covering and on some buying of ably financed mills on full-time Egyptian against sales of American. working, but the scheme seems like. ly to remain impracticable as long

·08 our Government will allow dumping by Russia and other coun-

tries,

The financial policy of our Gov ernment gives grave cause for con, corn, as it is feared that the Budget will be anddied with a deficit at the beginning of April..

But in spite of all these gloomy factors and of the weak statistical situation the mazleak, je inalimad kn stendy up, probably owing to the fact that we have known so many of them" for some time, and that mony have already been discounted in the price.

On the other hand, some profit taking has been noticeable on the part of people who were long of Liverpool, Sakel contracts and short in Alexandria.

There is little fresh nows from Alexandria, but the demand for Sakel is said to have improved. Jobers decided to continue abstain. ing from trading in the future market until yesterday,

77 GIRLS IN GAOL WITHOUT.

TRIAL..

REVELATIONS OF NEW POLICE METHODS,

New York, Thursday, January 8. Startling revelations that scores of young girls have been illegally sent to the Bedford Reformatory were made to-day before the grand jury which is investigating the charges of alleged corruption in sevaral New York magistrate courts.

Evidence was produced to show that seventy-seven girls between the ages of sixteen and twenty-one, who pleaded guilty to being way- ward minors, were sent to the re- formatory without trial, in direct violation of the Stato law, which prohibite the acceptance of a guilty ples by minors.

Fifty-one of these girls are still prisoners.

Judge Seabury, who is conduct- ing the investigation, announced that he is submitting a list of the girls still detained to the Gover nor of the State, with a view to having many of the girls pardoned.

According to the State law, minors can only be committed to roformstories on the complaint of a parent or other authorised per son, and not on their own plea of guilt. They must also be given a full court hearing bofore sentence can be passed.

To-day's testimony, however, showed that magistratos in the According to the Alexandria women's court had nocepted the

Baggaindian muka siroze, plan at quilts and.. total exports for the scuson up to ↑marily sentenced therg. December 31 were 375,000 balen, Commitments were made by against 484,730 bales in the corro- even magistrates, including Mrs. sponding period a year ago, Ro-Joan Norris, the only woman ma- coipts ao far this season showin❘gistrate in New York,

We can only hope, as we have decline of about 10 per cent, com said above, that the market will pared with last year, but the stock advance for the time being, but we at the end of December totalled think that retailers would do well 5,204,000 cantars, against 3,253,044 (Continued at foot of next column.)" canters in Alexadria a year ago,

Judge Sabury, in announcing

his intention to secure a pardon for the girls, said: “There is not a court in the world that would. continue to hold thenë girls","

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