Money and Markets
CANTON TRADE NOTES.
There has been a slight increase in the price of fire-wood, due to limited arrivals.
*
1
THE METAL MARKETS.
THE HONG KONG DAILY PRESS, THURSDAY, JANUARY 16,: 1930.
SANDAKAN LIGHT &
POWER CO.
NEW ARTICLES OF ASSOCIA- TION CONFIRMED,
An extraordinary general meeting of shareholders of the Sandakan Light and Power Co. (1992), Ltd., confirmed yesterday the resolution
RUDOLF WOLFF'S WEEKLY recently passed approving
REVIEW.
Messrs, Rudolf Wolff & Co. baro received the fallowing review of the motal market, "Jated December 13, from their London branch.
new
Articles of Association of the Com- pany.
Flour has been in great demand by both local and country mér chants and prices have been "im-ditions have prevailed markets benary general meeting held
ponds.
*
•
*
on
DAILY SHARE QUOTATIONS.
"HONG KONG STOCK
EXCHANGE.
Buyin
Bellera
Mr. R. G. Shewan who presided, said: The initial object for which this meeting has been called is, as 895 indicated in the notice which the Secretary has just rend, for the Metals have been irregular and purpose of receiving a report of og the whole rather quieter con- the proceedings at the extraordi- $707 ing still characterised by the same December 31, 1929, and of confirm T160 uncertain tendency and indefinite ing, if thought fit, as a special $317 outlook which has been the case for resolution the resolution which was the last week or two. The Bank of passed as an extraordinary resolu- England Rato was lowered yester.tion at such meeting. That re- day agala from 5 per cent, to solution. as you will remember, con per cent, a movement which was cerned the approval of the draft not very generally anticipated. new Articles of Association of the
Company.
You will also remember that at
$835
$828
proving. Chinese flour from Shang hai is also selling well.
Cement manufactured by the Canton Cement Factory has prov. ed very popular with building con- tractors and the authorities have
Tin. though displaying at times taken steps to increase production.
ccnsiderable irregularity, has ruled Fish farmers in the country dis-firmer, the price showing an ad the above mentioned meeting I ex- tricts, especially in Koukong, haveance of £12.10 as compared with plained shortly to you why your suffered considerable losses owing our last report. Sales in the East Directors though; it essential, to to the unusual cold which has killed during the week amounted to 1,673 alter the Articles of Association, off large quantities of fish in their tons; shipments thence up to the and I do not consider it necessary och instant were 4.069 tens, and to deal further therewith, except for the month are still estimated at to add that at the meeting in ques-84.70 10,000 tons Premiums on Straits tion the draft new Articles of and Banks are quoted at £4.10 and Association were unanimously ap- E11 (nom.) respectively. Demand proved, and the resolution record- on the part of consumers in this ing such approval was unanimous. country and on the Continent conly passed as an extraordinary re- tinues quiet, but more business solution. has been reported in America, where rather active conditions have Beenuse of the recent cold spell, from time to time obtained. The charenal has been in hig demand.rmaess may to some extent be aa and charcoal burners declared that
cribed to reports current earlier in they are doing seventy per cent. more business than usual. Prices the work to the effect that mining operations in the F.M.S. would be have risen.
suspended for one day during the | week; and the market continues to
The value of coppers has risen
recently. The present exchange rate in thirty-four coppers for a 20-cent silver piece as compared with forty coppers during preceed ing months
*
*
+
*
n
The cotton yarn market improved slightly on Tuesday and over Thundred bades were purchased by merchants of the West River. The prices have been firm as arrivals are not excessive. According to a Shanghai telegram, the quotations there were unchanged.
деж
Under the Hong Kong Companies Ordinance, however, it is necessary that the approval of the Articles of Association shall be signified by a special resolution, and consequently this meeting has been convened for the purpose of enabling the extraordinary resolu tion above referred to be confirmed
the
exclusion of all existing Articles thereof." I shall be glad if some shareholder will kindly second that.
!!!111.
ཞཱ::;:;
المSale Xomla
SHAREBROKERS' ASSOCIATION.
WEDNESDAY. JANUARY 15,
Anyer Ballara
Kaloo Botal
Banks
1,807)|(1,300 || ELK. Banks
$1,200
91,295
£116 £19
Do. (London)....
Chartered Banks ....
£19
£27
Mercantile Bks. "A"
શર
Do
C
Bank of East Asia...
895
$50
LH
Insurances
Canton Ina Underwriters
North China ............. Union Ins...
A850 Yangtze Ins...
China Fires
$710
$1,60
......
T160
$375
$30
$310
H.K. Fires...
$895
**
Shipping
$28) | Douglases
$94
#27)
Steamboata
$27
443
Indos (pref.)
$70
Do. (def.)
60/10
Shell Transporta...
95/
97/6
Water-boats
$23
$23
Mining
$23
$51-
Benqueta......
Kailans ...
T13.60 Langkate (comb.) ...
T.71 Do. (single).
T1.30 Explorations....
88 ||
FOREIGN MAILS.
RADIO NOTICES.
II
The Radio Office, where fall information concerning all wirelse pervicos may be obtained at all times, is situated on the ground floor of thã P. & U. Building in Des Vaar Boed, next to the General Post Office.
Individuals and firms are recommended to register their telographis ad." dresse at the Radio Oños; No charge is made for this.
NOTICE.
Hokiers of Wireless Lioences are advised that under the Wireless Tele- graphy Regulations all such`licauses expira on December 31st, and thai liocuces for the coming your must be reaswed as early as possible during the month of January.
AUSTRALIA & Maxıya MANILA
INWARD MAILS.
From
Pia
1
Kaça Maru
16th Jan.
Emp. of Buatia...
17th n
Sintiang ...
17th Jan.
Shirala
17th Jan
Karmala...
17th Jan,
Pres. McKinley
17th Jan.
Khira
17th Jan.
Nonchang
4
SHANGHAI AMOY AUDIŚWATOW UNCUTTA & STRAITS
EUROPA via SUaz (Letters & papers, Lon-)
don, 19th Dec, & paresla, 19th Dec, 1929)
U.B.4. (Seattle, Wih December, 1009),}|| |
CANADA, JAPAN & SHANGHAI ...
Jaran & ShaNGRAI...
+
Japan & SHANDY AI... JAPAN
JAPAN & SHANGBAI
CALCUTTA & Brnairs
JAPAN & SHANGHAI,
Siberia Haru Haruna Moru Pro Taft Tenyo Mors Montevideo Maru Autor
ETT
18th Jan.
15th $0. 19th Jan. gth an
Jan.
20th g1>t Jan. glat. Jan.
SHANGHAI & BWATOW
Japan & ShangHAI ..
STEAMS
T.1/
MANILA
T.6
Shanghai Loana ....
学
Raubs
$19
21/.
Tronoh Mines
20/
For div.
· Docks, Wharves,
Bo Sang... Bakisiki Mar76
$2nd Jan.
24th Jan.
Godowns, sto.
8144 351
H.K. & K. Wharfs... $145
$5.45 $5.45
Providents
$5.30
$314
H.K. Docks
T.108 Shanghai Dooks ...
T7
New Engineerings
2.1041
77
U.S.A. (San Francisco, 17th Dec., 1999)
HONOLULU, JAPAN & SKangĦst U.B.A. (San Francisco, 3rd January
HONOLULU, JAPAN & SHANGHAI U.S.A. (Seattle, 11th Jan.), CANADA,
JAPAN & SHANGHAI ...
Pres" Adams
25th Jan.
Fras. Jeferson
17th Jan,
Fres. Grant
31st Jan.
2nd Feb.
T.83
#
$12
: : 18
$8.80
814
There have been abundant sup be more or less influenced by vary as a special resolution. And I ac plies of sugar from the East River districts recently, and prices haveing reports and rumours which cordingly beg to propose the con- surround the present rationalisa firmation as a special resolution of dropped by shout thirty per gent. Demand being unusually brisk at for regulating supplies. Whilst no namely: That the regulations T1.80
tion programme and other schemes the said extraordinary resolution, present there has been considerable
very definite scheme has been pub contained in the printed document activity in the market.
lished, yet the fact that agreement submitted to the meeting and for I has to some extent been reached the purpose of identification suby and the probability that further scribed by the Chairman thereof be interests may come into. line has approved and adopted AB -the stimulated a certain volume of buy-Articles of Association of the Com- ing of a general character, but the pany in substitution for and to outcome of these negotiations is still uncertain and pending some more definite announcement, move ments are likely to be irregular, There is no important change in Merchants dealing in oils are the fundamental position: it doing much less business this month scarcely expected that consumption than usual. Supplies of groundnut will improve in the near future, oil from Tientsin and Tsingtao are the outlook in Amerfes being so un- plentiful but demand is very limit certain, so that upward movements ed, and prices have fallen conse must for the time being depend on quently Tex-seed oil is imported support afforded to the market and in small quantities and the price on any success which may attend is firm. Bean oil is in no demand the efforts to establish better but arrivals are large. The price balance between supply and demand of wood-tar oil is steady. They artificial means. latest prices are groundnut oil 828.40 per nicul, tea-sced wil $99, wood-tar oil 841.00 and bean oil 825.40.
•
RAW. SILK.
Messe. Pentreath & Co. have orwarded us the following letter, dated December 16, from Messrs. Hornby, Hemelry & Co., Liver-
pool:-
|
Options.-Double £14, Single £7. Cash. -£175.5 (opening), £186.10 (nom.) (highest), £175.5 (lowest), £180. (closing).
Three months-£178 (opening), £180.10 (highest), £178 (lowest), £180.(closing).
Turnover for the week 3,375 tone. Copper, has been steady, the price showing an advance of 15 for cash
and a decline of 9/6d. for three The tendency has again beer months as compared with our last report. Cash and near dates have easier during the past week owing to some extent been supported and, to the weakness displayed by the being less freely offered, a back- Japanese markets and to the lower wardation of £1.2.6 has once more stock market which has also been
The situation been established. a depressing influence. At one
presents no marked change, busi- time, January and March were
ness with consumers is quiet and quoted at 84.370 and $1.400 respec- there is little in the industrial tively, but the market has since rexitustion, either here or on the covered about Be owing, we fear, Continent, to restore confidence or to idle rumours that the Japanese stimulate buying. Government is buying, which rather suggest that trade conditions are unsourd..
The warehousing syndicate in Japan has taken custody of an other 10.000 boxes.
The approximate quantity of Japanese Raw Silk in transit at the end of last month was 41,000 tales compared with 40,000 the pre- vious month and 22,600 bales a year ago.
Options.-Double £6, Single £3.
The resolution was seconded by Mr. C. A: da Rosa and carried un- animously.
The Chairman, Mr. R. G. She wan, was supporteil by. MA S. M. Churn and Mr. C. A. da Roza, members of the Consulting Com inittee, Mr. Noel Braga (Secretary) and Messrs. A. L. Shields, Allan Keith, J. Toppin, A. A. Botelho, F. J. Tavares and Tse Tsan Tai, shareholders.
NEW YORK STUCK QUOTATIONS.
New York, Jan, 9. Market strong. Business done 2,370,330 shares.
... 110 1161
LADE
944 051
Jan. Jan.
89 ... 268. 251 Allied Chemical & Dye... Allied Power & Light ..... .. .... 30 301 American Can.
... 1201 1231 American Railing Mill
83 87 American Smelting American Tel, & Tel....
2181 2201 American Tobacco B
... 199 2011 American Waterworks...
001 941 Anaconda Copper
771 72 Atlantic Refining Baltimore & Ohio... Bethlehem Stoel Calamet & Becla Canadian Pacific Railway Chespeake Corporation
Northwesterr Rock Island... Cities Service, Common Colambin Gas & Electric,
Graphaphone
Consolidated Gas of N. Y. Continental Oil...
Cash £68.15 (opening), £69.2.6 Cler
highest), £68.12.6 (lowest), £69.2.6 (closing).
£08.12.0 (highest), £67.16.3 (lowest), Three montha-£68.10 (opening), £68 (cloxing).
Turnover for the week 2,700 tons.
Corn Products
Novem-Cote. October ber
Tons.
---
***
Coty, Incorporated Curtins Wright, Common One of our New York correspon- ] American Statistics. Tons.
Davison Chemical dents is of opinion that stocks Production
Du Pont de Nemours... ............ 153,000 145,000
Eastman Kodak Company should begin to decline gradually Exports ........i.... 33,000 38,000
Electric Bond & Share from now on. The into-sight more Domestic deliveries 100,000 69,000
Erie Railway ment in Japan for November was Refined Stocks. 88,000 126,000 Fox Film only 58,040 bales, a decrease of 13 Blister Stocks 254,000 237,000 General Electris per cent, from October, and in
Í General Food view of the measures taken recent ly "to slow down production at the source as well as of the approach of colder weather, the diminution in stocks may be expected to con-
tinue.
Our New York correspondents cabled on Saturday that the Raw Silk market is rather quiet. The picce goods movement is satisfao- tory, but the futures market is feel- ing the increasing weakness of the Japanese markets.
Close New York Saturday- January 84.45c, February 84.470) March 64.40.
BURLAP.
Writing on the 5th. inst, our Now York correspondents say that the domestic markets for actual Burlap continue comparatively dull, and that they see no likelihood of any material advance in the immediate future. They feel, however, that the relatively low level of prices offers possibilities on the long side. Purchases of distants on setbacks
Close New York Saturday!— January 85.45c, March 85,50.
EXCHANGE RATES.
(BRITISH WIRELESS SERVICE]
RUGBY, Jan. 14.
Paris
New Yorker Brussels Geneva Amsterdam Milan Berlin Stockholm
$157/85
T150 Hongkowa
Oction Milla
Ewas .......... S'hai. Ctors (old)... Do. (new)...
T.54 T.10
Zoong Sings ......
Lands, Hotels and
Bulidings.
2
$301
T15,60
T.841 T.56 TJO
H.E. & S. Hotels... $124 $12.70 $121
$12.60
865
H.K. Lands
T.101
Shanghai Landa ....
H.K. Realtys
$8.60
Humphreys
$14.20
Chinese Estates
!!!!!
$18 $18.00 16.70/12
$70
Public Utilities
Tramways $18.60
2
⠀⠀
9041
CANADA (Victoria, B.C. 11th Jan.1
0.8.A,BONOLULU, JAPAN & SHANuwa:}] Emp, of Aria
OUTWARD MAILS.
REGISTERED and PARQEL MAILS are closed is 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 5 p.m. on the previous day.
Fox
H
Manila
Amoy & Formona via Swatow
Amay
$18.05
Straita
PER
Straits and Calentia
Japan and EUROPE via Sibazia
Royal Prince Ddi Maru Lysemoon Cremer
Bui Bang
***
Saigon
Bwstow and Bangkok
Haiphong
DATE & THE
Thursday, 15th,
8.30 AM 8.30 AM
10.30 AM
10.30 & M
Par. Letters
Noon
1.03 PM
Hydrangea Kaga staru
2.39 PM
4.80 M
Hermod
Traning
5,00 PM
5,00 x M
Friday.
17th,
Canton
1,30
Kowloon PO.
Reg.,18th,9.00 18
8113 86.05
Peak Trams (old)... $11.
Dr.
(new)... 35
Star Ferries
$70
6* tow
820
C. Lights (old).....
320
Do. (new).
$711 $23
$732 5713/3
H.K. Electrics $714
Macao do.
M+
$2}
Sandakan Lights...
89.65 T.104
Telephones. 304
China Buses.............
30/
Tractions***
9/-
19/-
Do. (pref.)......
Til
Culd beck, (ord.)
Strita, Ceylon, India, Mauritius, E. & 98. Africa, Ada, Egypt & EUROPE via Marseilles-duo Marseilles, 15th- February
Khiro
T.10
$24
.Canton Ices
- Industrials
Macgregor prof.)
$15.10 Cements (comb.)...
Do
(old)
$11.10
$3,
Do.
(DUW)...
$7.80
Ropea
91
China Sugara.....
827
$5
Malabon Sugars ...
United Asbestos...]
Miscellaneous
421
Dairy Farms
$30 $81
$0.80
$99
Der A. Wings..
Amusements ....
321 321
$1.30
Constructions
... 191 192
$2.20
641 05 84
$18
841
... 115 116 36
$12
**
Do.
(cew)
Watsons ........
$2
281 291 $11.10 741 781
201801
29 30
981
08 103
41%
prema.
***
221 221
891901 Reynolds Tobacco “E”.
20 28 Seara Roebuck
828 81.10 Lane Crawfords... $2.15 Mackintoshe
Nauyang Tobacco...] $4′′
Sinceres (old)..
$101
891
Bli
Wm. Powella.....82
60/B. Ind. G.8 Bonds... 611% HK. Govt Loan ...
491 491
861 88
7+
7 Shell Union
231 221
20
Simmons Company
801
93
Southern California Edison
503 57
Southern Faciffo Railway
... 1194 120
821 85
Standard Gas & Electric
... 113 117
574
... 117 118
... 177 178
32) 87
Standard Oil of New Jersey ... 841. 05
221 211 Standard Oil of New York
242 2451 Tozza Corporation
481 Texas Gulf Sulphur
40
401
561 561 561 571 781 Ung.
23 431
78 80
48
+17
General Motora...
391
39 Tiraken Roller
Baller Bearing
General Railway Signal Gold Dust
DO
891 Trans America .......
39+
Goodrich Rubber
Union Carbide & Carbon Union Pacific Railway...
... 215 218
Goodyear Tire & Rubber
641 641 United Aircraft &
Granby
59 501
United Dry Docks
Great Northern Certificates ... 021 94 0.8. Leather "A"
Unq. 26 U.8. Realty & Improvemont
661 Ung. 0.8. Stoe!"
Baygart.
**
International Cement
ww
International Comb, Eng. International Harvester International Nickel .... International Printers Ink International Prod. (Com.) International Tel & Tel.
123.91 4.861
34.945
25.15
12.10
02.00
20.385
18.135
Johns Manville Keznecott Cou
Copenhagen
18.205
Oilo
18.215
Vienna Prague
34.64
·104)
Helsingfors
1034 36.475.
Madrid Lisbon Athens Bucharest Rio....... Buenos Aires Bombay Shanghai Hong Kong
•Yokohamath may Silver, (spot) Silver (forward)
108.25
378
818
5 15/22!!
1/8 29/32
45 3/16
2/02
1/87
201
20 11/16
Lambert
Lehigh
Copper
14
G10 Vanadium
BI B 181 Ung. 601 €2 ... 168 171 61 62
801 801 Westinghouse E. & M. Com. ... 143) 1481 341 35
48 Und ***Unq. Daq.
T3
14
$104
DODGING DEATH IN THE
"TUBE."
MEN STRUGGLE NEAR ELECTRIC RAIL
A detective and a suspected pick- pocket dodged death from the third or electric rail and "tube” traina that roared past every few minutes
as they grappled desperately in the dimly lighted tunnel far under the skyscrapers of lower New York: Detective John Dilworth won.
The detective, searching for pick- pockets at the Wall-street Station, approached a bench occupied by two men when one of them, who later said he was John Curry, aud.. denly rose and pushed the detec tive from the platform. Dilworth, as he fell, clutched. Curry's legs, and the two began a rough-and- tumble fight on the tracks. Both, A Are broke out early yesterday | as a train approached declared a $71 morning on board the Rangoon temporary truce, and stepped aside 12 Vaq. Mara, but the crew dealt with it in the safely zone between two 30 00 461
very efficiently and not much dam, tracks. Hostilities were resumed 811 211 age was done.
as the train whizzed by, and they wrestled over the rail supplying 108 1081 According to
current for the trains.
1241 128
... Und 80
991
to Valla Liggett & Myers Madison Square Garden Missouri Pacife (Com.) Montgomery
Ward Consolidated Copper...
Railway
Naw York Central
Northern Pacific
***
Pacido Lighting Packard Motor Car Paramount Famone Lasky Pennsylvania Railroad... Pennroad Corporation............ Phillips Petroleum Public Service of N. J. Badin Corporation, Raybestos Beading Railway
...
481
FIRE ABOARD RANGOON MARU.
the Chief Ofeer, 87 861 Mr. K. Sera, the fire started near 701 781 a bulkhead through the overheating 181 101 of a steam pipe. A call was sent 50 G1 through at 1.27 a.m.ad Mr. G. 724 714
Saunders, officer in change of the 18131
Kowloon Fire Station, went to the 84 23 841 881 ship, but the Brigade's help was 411421øst Jequired.
The ship was at NO. Whert, 123 124į | Kowloon, at the time.
4.80 7.2
Shanghai, Japan & EUROPE via Siberia farmala".
Parcela 4,30 P
**Lettare 10.00 AM
G.P.O.
M
ar., 17th, 5.110 ► Leg, 18th 9.45 Letters 10.80 à M
Saturday, 18th,
8 30 AM
Haihow, Pakhoi & Esiphong
Formosa vin Swatow & Amoy
Bangkok via Swabow... dwatow, Amoy & Foochow
Bhanghai Straite
Japan, Onnada, U.S.A., C. & B, America)
& EUROPE via Victoria, B.O.- dus, Victoria, B.C., 7th February...) Shanghai and EUROPE via Siberia
9,00 an 9.00 A
Limehow...
Sunday, 19th,
Junior Maru Kalgan Hai Ning
9.00 A'M
Monday, 20th,
Haruna Marui Anillochus
10.30 ▲ M
8.30 PM
Prai. Taft
¡Parcela
Letters
3,00 r
4.16 PM
1,00 x =
Bog.
·8,00 AM
Pres, Taft
6,00 T
Straita, Ceylon, India, Mauritius, E. & S.,
Africa, gypt & EUROPE via Mar-Antenor Feille de Marseilles, 19th February!
Amoy swatow... Koochow ..
Bhanghai, Japan, Honolula, U.8.A., Canada, C. & S. America & EUROPE ria San Francisco-due Bas Francisco, 13th Feb., & EUROPE is Biberia ... Manila, Australia and New Zealand vin“).
Thursday Island-dus Thursday laland, }| Abi Maru 3rd February
"
Letter
Tuesday, 21st
Horoloon P.O...!! 4,30 2 18
CARLLETS 4.30 F M
G.P.Q.
Beg. 5.00
Latters 6,00 k
Reg.
... Bangsang-
Bosang
Tulang Tonya Maru
5.00 ?
5,00
5,00
*
Brg
5.00 x 14
Leiter
6.00 P
Montevideo Haru
Beg ...[Wednesday, 22nd 880 AM Letters
(Wednesday, 22nd
1.30PM
Thursday, 23rd,
9.45 AM (Reg.
5.00 P
Straita, Ceylon, India, Mauritius, El. & B.) Africa & South American Ports
་ ་
Japan, Canada, UB.A, U & *8.1 America & EUROPE via Victoria, { B.C.due Victoria, B.0, 18th Feb. Izion and *BUROPE via Biberis
Straite de Caloutkami... Fooshow & Wai Hai Wei
Swalow, Amoy and Foochow
Biraits, Ceylon, India, Mauritius, E. & 9.j
africa, Adez, Egyph & Europe rin Marsiiles due Marseilles, 23rd *February
Manila
Curry, who heavier, was rapidly Sandakan having the better of the encounter when tube employees came to the detective's sid.
to the plat Both were dragged form,
ambulanco surgeon treated them for injuries,, and Curry was taken to a police kat tion.
An
201
Kumsang Cheong Shing
Halyang...
Hakozaki Karm
Mawang
Empress of Asia
Lottern 10.80 AM Par
Noon
Letter 1.00 FM/
...5,00 m
Friday, 24th,
1.00
Bowlvon P.O. Brg. 4.80 M (421,26th, 9.00. AN
1. G.P.O.
25th,8.45 AM Lotter 1,50 &
Taseday, 28th,
1,80
—FEBRUARY—— Monday
Brd, 2.30 P