LAMMERTS AUCTIONS
PUBLIC AUCTION.
THE
HB Undersigned bave received
Instructions
TO SELL BY
PUBLIC AUCTIONTM
ON
WEDNESDAY AND.
THURSDAY, JUNE 17 and 18, 1931,
Commenced' EACH DAY
AT. 10.30 AM.
HONG KONG DAILY PRESS, SATURDAY, JUNE 13, 1931.
Money and Markets
MORE LIGHT ON FAR
EAST TRADE.
UNNOTICED POINTS IN THE
· B.E.M. REPORT.
WHERE BRITAIN COULD
SCORE,
"London.--Although the main con-" clusions of the British Economie Mission to the Far East are well- known, the full report now pub.
Az No. 22, ICE HOUSE STREETlished containe an enormous mass
(Former Promises of
THE METROPOLE HOTEL)
A LARGE QUANTITY OF VALUABLE HOUSEHOLD
FURNITURE
Comprising:-
of material well worth study. There are special appendices on tin plates, woollens, engineering and the electricity programme of the Chinese National Construction Commitwo; no exporter will fail
for
The Machinery Market. In supplying machinery China's now mills Great Britain has regained the auproney inovit. Fably lost during the war. The re- port also mentions the economy and durability of British locomotive Longines as an admirable advertise- ment to outweight their initial
in repain departments
......thin frequency of repairs on compet ing locomotives is much greater than, in the case of British ones.. Such reflections add point to the Mission's belief that, even in the jealously guarded Japanese mar, kot, the innate love of perfection and finish of the Japanese may be availed of" to overcome, for Bri tish advantage, the pornicious principle of "not the best but good enough for mo" which has ucon
to find something interesting to so skilfully advertised by our com- himself, it is an admirable work petitors, Germany's success, oven if only it were less depressing.
There are, however, bright spots,in Japan, where she has more than Teak Hatatand, Morocco Leather particularly the great increase wo regained the position she hold be. Covered Couch and Armchairs, have socured in chemicals which fore the war, shows what may be Chesterfield Couch and Chairs, Teak with dyes, "ecnstituto a very sub done by a country as remoto as Bookcases, Side Tables, Brass Ware,stantial trade for Great Britain," Fenders, Ornaments, Pictures, Screen, the report says:-
Teak Flower Stands, Filter, Wall This most satisfactory result for Clocks, Carpets, Rugs, Curtains, British trade in a highly competi Blankets and Linen, etc., etc.
tive market is due to a sound sys-
Teak Dining Table, Dining Chairs,tem of distribution as well as to Teak Sideboards, Teak Ice Chest, the excellence of the products and
their competitive prices. dets Dinner _Waggon, Dinner Crockery, Glass Ware, E. P. Cutlery, Ceiling and Table Fans, Electrio Lights, Electric Heators and Fittings, etc., etc.
Teak and Iron Bedsteads, Teak Wardrobes with Bevelled Mirrors, Dressing Tables. Chests of Drawers,
PUBLIC AUCTION.
ourselves...!
Government's Railway Programme. The Chinese Government's ambi tious programme of railway con- struction, and the oven larger one in Manhuria gives. British manu facturer's a great opportunity, The, B. E. M, comments on the more generous credit aloted by rivals, especially in Europa and thinka that British suppliers should do the like. Apparently it does not know at any rate it does not speak of. the numerous British firm that
Marble Top Wash Stands, Desks,THE Undersigned have received have burnt their fingers in this way
Toilet Bats, Gas Stores, Kitchen Utensils, etc.
Also
Soveral Enamelled Baths and Porcelain Wash Basing
and
Ono Piane Player with Rolls of Music.
QATALOQUES will be issued.
Or View From MONDAY, the
15TH JUNE, 1981.
TERMS ---CAsh on DelivaLY..
LAMMERT BROS,
AUCTIONEERS.
PUBLIC AUCTION.
Undersigned have received. Instructions from
MESSES. BENNET FRERES
TO SELL BY
PUBLIC AUCTION.
ON
TUESDAY AND
WEDNESDAY,
JUNE 23 and 24, 1931,
COMMENCING EACH DAY
Ar 10.30 AM.
(with Interval from 12.80 p.m. to 2.80 p.m.)
AT THE STORE,
YORK, BUILDING
THE WHOLE OF THEIR SURPLUS" STOCKS
Instructions 1,
To SELL BY PUBLIC AUCTION
ON
SATURDAY, JUNE 13,
COMMENCING AT 11 AM.
·AT THEIR SALES ROOM, DODDELL STREKT,
1 HOWE'S WEIGHTING
MACHINE
2 CABES MATCHES
8. ELECTRIC CEILING FANS 2 BALES WHITÈ MECHANICAL
BLOTTING PAPER.
1 CASE COTTON HOSIERY 1,CASE ENAMEL WARES
3 CABES FOODSTUFFS
2 CASES ENGINE OIL
3 DRUMS LAMP OIL
1 LOT CLOISONNE VASES
and
in past time
One observation of the report is particularly significant: Great Bri- tain has not been beaten anywhere in the world in high quality cr high standard goods. She has been beaton almost entirely in the sup ply of bulk goods for the great mase of the people.
But since China is par excellence aprico markot, that is just where sho must mend her ways. It de
pends largely on the trade unions,
But in any branch the report em phasized that the sitmulus" for sales must come from the British manufacturers and a sharp distinc tion is drawn between mere 'order takers and 'order getters' experis in every particular of the articles they sell, of whom Great Britain has not enough in the field.”
Ellects of Civil War.
The roport does not fail to com ment on the disastrous effects of civil war and anarchy in China, nowhere better revealed than in her large importation cf food. Here is a vivid paragraph.
In 1989 imports into China of cereals and sugar wero valued at C33 million, equal to 20 per cent. of all imports.
THAT TOP THEM ALL
OH BOY
OPENING JUNE 16
GET THIS
!
11
Are you furnishing your home ? Do you want an occasional Table, an Arm Chair, a Wardrobe,
Electric Fan?
Are
you looking for Clothes Bargain Prices?
an
Have you anything-Furniture, Curios, Clothes, Books that you want to sell?
THEN COME TO THE PALACE STORE!
THE PALACE STORE
23, Nathan Road,
Kowloon,
HONG KONG SHARE $821 China Lights at the outset SINGAPORE STOCK
MARKET.
BENJAMIN & POTTS' WEEKLY REPORT.
receded to 828), but a strong de mand has sincs set in and there are buyers at $20 with sales reported at 897. Star Ferries are quiet, but stendy at 500. Hong Kong Trams show a small decline and wore taken off the market at $21.40 and
Messrs. Benjamin & Potts, in 821-50. Telephones (Partly Paid) their weekly report, state:-
Our market during the past week has ruled quiet, there boing some shrinkage in dealings, added to which there has been a certain amount of liquidation in progress
on
account of the forthcoming Settlement, and rates generally weakened in consequence. At the
-
MARKET.
PRASER & CO.'S WEEKLY
REPORT.
Messrs. Fraser & Co., Singapore, are obtainable at 838. Yaumati in their weekly review, dated June Ferries (Ordinary) have been listed, state:- on the Stock Exchange. The par Since our last raport Tin has value is $10 Fully Paid up, and dropped a further £4.7.6 and ofoses shares are in demand at 925. at E102 for 3 months forward. Miscellaneous. Green Island Advices from London are rather Cements (Combined) opened weak discouraging, and in spite of in- and were sold at $20.10, but on creased restriction, hold out no Wednesday last there was a sharp prospect of any immediate price im- Lack of transportation, banditry close there is a little more activity recovery in the price to 8211 with provement. The statistics publish in Chine account for this state of noticeable, although the improve a good demand for forward shares.ed on the 1st instant tend to sup- affairs Areas where heavy crops ment has been mainly confined to They are, however, easier again port this view, as Visible Supplies are harvested And it difficult to some Industrial descriptions in with sales reported at 821. Lane, in Malaya are slightly higher at market their surplus Foodstuffe which a fair amount of business Crawfords were dealt in extensive 14,308 tons as compared with a are left to rot in productive areas, while millions of people in arcne has been done, where drought or floods occur starve Banks.--Hong Kong and Shang LAMMERT BROS., and die. The cure of this tragic hai Banks recovered in the early
condition can only be effected by the establishment of security and part of the week to $2,018, but sales the development of transportation. have since taken place at $2,000
More Publicity Needed.
82,005, The London price has receded to £101.10 (Middle),
Á QUANTITY or MISCELLANEOUS GOODS, TILES AND HOUSEHOLD FURNITURE, Ero.
TERMS: CASH on Delivery. /
AUCTIONEERS.
PUBLIC AUCTION.
THE
Instructions
and irregular local taxation with-
ments.
Rubers. Practically no changes have occurred, in this section and apart from spasmodil dealings is New Sendais, Malaka Pindas and Mentakabs, there is no business to | Pandana are wanted at 65 cents. report. A few Haytors and Ulu and 81.25 respectively, but in most other cases shares are offered freely. both locally and from abroad with little or no interest being taken
Industrials.Several stocks have. shown small appreciation, during" the week, Straits Traders having in- proved to 835.85, Straits Steam- ships 215, United Engineers 87.30 and Wearnes 88.37 Malayan Collieries have small buyers at 921 and a few Singapore Cold Storages could he placed at 84.50. Hammere Gammons are unchanged at 812 to faro a quiet market around 180 and 812.95 Malacca Electrics are still enquired for at 8147) with sellers Preference are easier, shares offer asking. 81.52. Alexandra Brick ing at 82.15, but Fraser and Neave Prefs. are in demand at 88.50 and United Engineer Prefe..at. 871,65 Bids are still wanted for British ly at various rates between 88.50 month ago. Shipments of Metal Malaya Trustees, Central Engines, and. 973. Dairy Farms" owing to during May totalled 6,103 tons and Shell Transports, after dealings at liquidation for the Settlement the estimate for June is at present 48/8 eum. div. have weakened at Henry Waughs and McAlisters.
changed hands initially at 829.85, 8,000 tons. Tin 'shares have been |44/3 and the latest London cable to and $30, but subsequently there was generally marked down, although hand shows fairly heavy falls over
sharp recovery in the price to the amount of actual selling has
the week with Middle Prices us under :-British-American Tobaccos 831 Hong Kong Ropes after hav-been small.
23.10.0 Imperial Tobaccos £4.3,9, Hong Kong Banks £102,10.0, Duffs 1/2, Dunlops 0/., Courtaulds: 3/6, Unilevers 29/3. Imperial Chemicals 19/- afid
gains over the week. London stocks
|
On the score of publicity the re- ipert has some very omphatic com- Marine and Fire. Insurances. ing een hammered down to 890% "More publicity of Dri-Unions reacted further and were have recovered to a buying quota-
Local Industrials are firmer tell- tish achievement and lese of British realised at 8600/8005, closing with readed to 8142 Wm, Fowalls were lomal leaders, Straits Traders, and tion of 8224 Watsons have further ere somewhat reserved, and the failure," that is undoubtedly the moral. The report says:
buyers, at the latter rate. Cantons realised again at 84.40. Construc Straits Steamships, show small In the past British publicity has have eased off to 81,400 sellers. |tions fetched 88.60.***** HE Undersigned have received not only hoon actively bad. The China Fires at 8673 have maintaid Benguets at 30) af Haubs at 8383 have not maintained last week's FLUCTUATIONS IN COTTON.
Mining-There are buyers. of Japanese are assiduous students of ed their riss., Hong Kong Fires Kailans have advanced to 28/0.improvement, and in practically all newspapers and magazines and can hardly be favourably impressed by are standy at $1,965. Underwriters Forced liquidation at Home has cases shares have registered con- the statements continually appear changed hands at 85.60
been mainly responsible for the re ing in speeches of prominent public Shipping Waterboats were cession in the price of Venezuela; siderable declines. men in Great Britain and in news, dealt in to a fair extent at 8281 | Goldfields at $3 Development is
Loans are paper articles that British indus at which figure they are still in do proceeding space and the prospects sovoral parcels of the new F.M.S. a firm market, and try is behind the times mand. Hong Kong, Canton and appear good.
Macao Steamboata are, on offer at Cotton Mills-Business was re- 43 per When it is asked why, in a the 827. Shell Bearers have armed corded in Ewas at Tis. 131/13.30 at dealings: commenced in this stock sent. Loan changed hands;
the outset, but the market has since
To SELL 21
PUBLIC AUCTION
OX
Comprising MONDAY, JUNE 15, 1931,
Gold and Silver Watches (Pocket and Wrist), Jewellery, Silver and Plated Ware, Caps, Cigarettes Cases, Clocks, Fancy and Leather Bags, Bercelain Ware, Cut Glass, Lalique Glass, Fancy Goods, etc., etc.
Also
QUANTITY or SHOP
PITTINGS
ON VIEW From MONDAY, the 22nd June, 1981...
TERM
CASI OK
LAMMERT BROS.
GAUCTIONEERS,
Commxxona, ar 11 A.M.
AT
THE WING ON No. 2 GODOWN, CONNAUGHT ROAD WEST
(For Account of the Concorned)
SILVER MINING
ONE LOT OF
MACHINERY.
·
GAINS IN LIVERPOOL BUT NEW YORK LOWER
Liverpool' June June
tory, the nower tools are American up to 47/8. Rodown strengthened and there are buyers at 800 and, aftor business done up American Middling, July 4.614.66
or German a common reply is "How Docks, Wharves and
Buyers. Tle
!
Egyptian, Sakellaridis,"
F.G.F., Spat
can we buy from Britain, when Kowloon Wharves are a trifle easier at Tia. 13.00. Shanghai Cottons | to $100, closed easier with sellers at
Aug. 4.65 4.70 notorious that any scientific of this rate. Chino Prvidente (Old) Sings continus poglected at Tls. British are obsolete 'It is with buyers at 8167) after sales at closed firmer at Tls. 08. Zoong 900.75.
Oct. 73 4.78:
477 478 industrial achievements by Ameri-wore placed at 85.70.00 and con 101.
Mining-Onallors market
-" ea is broadcast while even more tinus in request at the former rate. Rubber. The raw material is un-nearly all local shares were a
17.00 7.05 notable or meritorious British suc Whampes Docks are idle round 832 changed at 3d per lb. The follow-down. Sales of Kinta Tin Dredges were marked gozles, are never mentioned. jo
New York Market, Hongkew Wharves and Shanghai ing are the latest quotations retook place from 81.0 to 97 cents, Depreciation of Buver. Docks are unchanged.
New York, June 8.-After yester ceived by wire from the North :-)
Kuchais 69 to 59 cents, Penawate 55 day strong advance, cotton prices One is interested. to see that the
last ground on the New York cotton. to 40 cents and Sungai Cas $1.04 market today. At the close the Mission gives full weight to the ONE LOT OF RICE MILL depreciation of silver as checking
to 81 Fetalings, Fare available at spot raw cotton price was quoted China's ability to buy abroad and MACHINERY.
2360 or near and Ulds are wanted at 8.60, off from yesterday's close is an advocate of international ao
for Batu Caves, Hong Fatta. at 8.80 The futures caltions also tion, It says:
Nawng Pete, Hitam Tina; and were off. Following are the closing Malaya Consolidated, Raube re-row cotton futurck price, quota- main a weak market at 816.65 sall- tions:- gral Sungei Ways have sellers at Month.. $170, Rahman Hydraulics 68-cente and Johans M. cents eum Amongst Sterlings, Ayen Hitams arequired format: 11/Idris Hydraulics 0/3 and Pengkalans | 10/0, but Tronohs, after Business at
11/3,weakened to 107/ sellers.
ON
LOT OF SPECTACLE GRINDING MACHINERY.
เจ
albay & hapa,gift TERMS CASH ON DELIVERY
LAMMERT BROS. VAL AUCTIONEERS.
Anglo-Javas Anglo-Dutch Batu Anams Chemors i Consolidateda Kroewocks Ropahsse? Tanah Merahs Tebonga -Zipagbeq
4.80
2.80
120
1.05
Lands, Hotels and Building- Hong Kong and Shanghai Hotels have fluctuated a good deal -- trus after declining to 810.00 the market has strengthened and there are buyers at 8174, with a fair amount of business done Hong Kong. In cur opinion every means Lands. were sold down to 802) but should be sought of bringing about are now onquired for at 2081) the stabilization of silter and Realtys fell away slightly and wore. of restoring to Ching her full placed at 913.00, but the market 16 purchasing power. Only by inter much firmer at the close with bug. national agreement can this resultera at 8148 Humphreys Estates ibe attained, and we feel that Great (Old) were dealt in at 821,20. ?
Britain should take a leading part Public Utilities-Hong Kong, dob is 114, and on Shanghai 60. in endeavouring to secure Buch Electrics have weakened, a little Forward Settlement Day June agreement,
and were negotiated at 882 and 23, July 28, and August 25, 1031
L10 4.25 Exchange.The TT rate on Lons
June 4 - Juna-
July
18,65 +
div.
Oct.
0.1%
8.00
Dec
啡
20.23
0.64%
0.43
May
0.811
9.63
Spot *****8.80
8,00
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