Money
and Markets
THE LAI WAH COMPANY,
SPECIAL RESOLUTIONS
There were about thirty, share- holders present At the Extra ardinary General Meeting of share holders of the Lai Wah Company, held at 143 (top floor) Des Voeux Read Central yesterday when a the number of alterations to Articles of Association were Pro posed and passed. The were inter alia,
The Company shall have a Chief Afannger and such Sub-Managers, Treasurer and Secretary as the Chief Manager shall from time to time appoint.”
*The First Chief Manager and Mr. Lau Siu Hap shall be the arcond Chief Manager,"
"The Chief Manager shall be ap. pointed by the Board."
"The sub-managers shall be sub best in all things to control of the Chief Manager.!'
The Secretary and Assistant Secretary and the Treasurer shall be appointed by, the Chief Manager for such period upon such terms and for such renumeration as the Chief Manager shall determine and ahall be entirely controlled by the Chief Manager,'
SUGAR.
A PLETHORA OF SUPPLIES.
Mesars. Penetreath & Co. have forwarded us the following letter dated January 17, received from Messrs Hornby Hemelryk & Co..
THE HONG KONG DAILY PRESS, THURSDAY, FEBRUARY 13, 1930.
EWO COTTON MILLS. DAILY SHARE QUOTATIONS.
HANDSOME FINAL DIVIDEND
DECLARED..
Messrs. Benjamin & Potts, share- brokers, inform us that they have received a telegraphic communica tion from their Shanghai office to $98 say that the Ewo Cotton Mills, Limited, of Shanghai have declared a final dividend of Tia. 3 per share,
The markets have registered a sharp decline since our last review, and the weakness, more marked in London than in New York, must bo attributed to tired long liquidationmaking a total dividend of Tis. 2,40 in more or less empty markets.
for the year ending December 31, 1999.
tons in
SHAREBROKERS' ASSOCIATION.
De (London)
Chartered Banks....
Mercantilo Bks. “A”
Do:
$1,350
FOREIGN MAILS.
RADIO NOTICES
11
The Radio Offles, where fall information concerning all ·jeslson services · may be obtained at all times, in einasted on the ground door of tho P, à 0. Building in Des Voeur Road, next to the General Post Otsa
Indivilmale and firms are recommended to register their telegraphis ad, dresses at the Radio Ofe. No charge in mule for thin,
It is notified for information that wireless massages to Bangkok will as from 10th February, 1930 be exchanged direct instead of nis Hanoi as hitherto
For
INWARD MAILS,
HONG KONG STOCK
EXCHANGE. ..
layer
Babure
Jalan
Nominal
NEW ISSUE AT A SMALL PREMIUM.
ĮWEDNESDAY, 'ĮFEBRUARY 12,] *
Bar Bellare
Bešen
Nasinal
Banks
$1,350
H.K. Bänks
£116 217)
228 £15
"O
Prz
...LATK
Bank of East Asia... | $984
Insurances
AUSTRALIA & Manila
#
$720 11.70
Canton Ins.
8715
Underwriters
31.75
T160
North Chins
T180
$3781
$378
Union Ins.....2
$379
M.850 Yangtaze In.........
360
ནས་ U.S.A. (Seattle, 26th Jan.), OverAJ)
Japan & SpaKOHAI & Earope Biberia (London, 15th January).........! JAPAN, SHANGHAI & EUROPE
Siberis (London, 24th January) MANILA
Changte...
via)
Pres. Cleveland
18th Feb
14th Fab."
$340 $830
China Fires
***
8320
200
H.K. Fires.............
$895
Karmala Kmp. of Australia Kalyan
14th Fb
14th Feb.
14th Feb
Shipping
Pres. Clevela ¿ Szechuan
14th Fol
15th Feb
Douglasea
824
Xuanzang.com
16th Feb
Steamboats
$43
Indos (pref.)
Taiyo Maru
17th Feb,
STO
Do (dot)
Hector
19th Feb.
97/8
Shell Trasports'
93/6
98/-
Kitano Maru
21st Feb.
Water-boats
$231
Hawai's Mars
$4th Feb
Andre Labor
25t5 Feb.
Mining
Benquets....
501.
Kailans MECE
54/-
T13.60 Langkats (comb)....
T.14
+++
17
Do. (single)....
TO
11.30 Exploration..........
7.5
Shangbai Loans ....
$132
Raubsc
$14
***
21/.
Tronoh Mines......
Docks, WharreR,
Godowns, sto.
H.K. & K. Wharfs.... Providenta.....
$5.40
$158 $5.50
Amoy & Fora vis Zwalow
Deli Maru
Boitow Pakboi snd *Haiphong
H.K. Docks
$30
Shanghai Docks ..
T.120
3wDOW
5.7)
Aaigon
Formers...
The Board of Trade returns for December give the United Kingdom consumption as 93,532 tons, against 123,189
November and The Company is also making a 110.373 tons in December 1929, . new issue of 100,000 shares. These
The total consumption in United Kingdom for 1929 is gives will be allotted to shareholder at as 1,046,928 tons, against 1,704,290 Tis. 5 premium, the proportion being one new share to nine old
tons in 1929.
the
Messrs. Willett & Gray give the 1929 consumption of refined Sugar in the U.S.A. as 5,810,080 tons, an increase of 4.84 per cent. over the
consumption for 1993.
Holders of sugar are beginning to realize at last that there is far too much sugar in sight for the next few months than can be comfortably digested. It is all very well for producers to stress the fact that present prices are cheap, but even they are beginning to appreciate the fact that with a plethora of supplies, it is becoming increasing- ly more dificult for them to dispose of their production, even at these The following" Special Resolu-so-called low levels. The world is tions" were also proposed and pass-suffering at the moment from over- ed, only one shareholder opposing production in all articles, and with
"The renumeration of the Chief Manager shall be fixed by the
Board."
the motion :-
"
1. The Chief Manager of the above named. Company, Mr. Chau Lun Po, has tendered his letter of resignation which was, for the time being, ac cepted by the Board. In con- firmity with the Articles of Association of the Company, the vacancy of. Mr. Chau Lun Po shall be temporarily filled up by one of the Directurs, Mr. Lau Stu Hap whose posi- tion shall be confirmed after the Extraordinary General Meeting.
the parlous state of finance, the marketing of crops becomes very complicated..
abarca.
Yesterday Ewos were wanted at Tis. 17.30, and sellers were scarce. The day being a half-holiday on the "Rialto," it has not been possible to ascertain the reaction the an- nouncement has made on the Hong Kong market, but no doubt a good deal of activity will result from this announcement.
IMPORTS-PRICES CURRENT.
The reports and prices are published as supplied by Importers, and the Chamber cannot accept responsibility for the
The American Senate decided last night to make no change in the pre-accuracy thereof. sent sugar tariff. The next proce- dure is for the question to go before
conference of the House of Re presentatives and the Senate, and our cable advices are not unanimous. whether the House of Representa tives will confirm the Senate vote or whether it will insist upon a small increase in the tariff.
We maintain the opinion that the time is not yet opportune for effect- ing purchase..
The Company has proposed to
Close London last night:-(Raw call for new additional shares and shareholders of this Com Beet): March 68. 14d., last week. Os pany have been notified byd.; May 7s 3d., last week 78. 9d. writing for same. Should any
Our New York correspondente
balance of new shares become cabled last night that the market is dun and unfilled up by share-ensier owing to the steady pressure holders, it shall be taken up of duty free sugar.
by the existing Directors. In The tariff situation is considered order to protect interest of to be a bearish factor for nears and the new and old shareholders, bullish influence for distant de- The opinion is held in all existing Directors shall liveries. remain in service for a period New York that the market may go
until of six
the lower on long liquidation, but senti- years dividend of new shares is ment is more in favour of the fully paid up making the article. equal benefit both the new and old shares in the #ame time. The subsequent Directors meeting shall be held in the year 1938. Mr. Fok Hin Fu, acting chair- man of directors of the Company was in the chair.
on
NEW YORK STUCK QUOTATIONS.
New York, Feb. 0.
Market Easy.. Business done, 8,708,070 abares.
Close New York last night: March 1.820., last week 1.97c.; May 1.91c., last week 2.02c.; July 1.08c. Inst week 2.080.; September 2.01c., last week 212c.
EXCHANGE RATES.
{AKITISH WIREL298 BERVICE]
Metala.
Exchange upsets now business.
IRON AND STEEL-
$25
$26
$20.15 $26
$237
$51
+2
*
!!! 18:
$158 8137
35.45 35.55 $5.45), 25
$32
ww
T.122
T7.60 T.196
144
E
Art
Evos
Do..
༣༣༥
(new)...
***
New Engineerings
Hongkowa........
Cotton Mill
S'hai. Ctons (old)...
Zoong Singa
Lands, Hotels and
Buildings
HK. & S. Hotels H.K. Lands
T.195 Shanghai Lands
HK Realtys... $8
$16.60 T.86
$18170
QUOTATIONE. Continental.
T.79 T.10
Stock Nail Rods... per picul Stool Barn
$5.84
5.15
Angles Bods
5.10
***
H
Joista
5.00
Sheete
$65 ex dir.
ᎬᏗ
Plates
* 80
6.80
*8.65
***
14.00
814
6.65
$88
1.00
13,80
..
Swedish Ba Small round roda Hoops, black steel galvanized Black Tubes 1/17/ Discount 721% c
LEAD
...
To arrive Australian--B.H.P., Spot
5.65814.351 $19.60
84 1800 $9.65
DBISO:
#!
$26
:: 881:
EUROPE via SURI (Letters & papers, Lon-1
don, 15th Jan, & parcels, 5th Jan. U.S.A. (Seattle, 15th January), Japan)
"SHANGHAI
SHANGHAI & SATOT
STRAITS
U.B.A. (San Francisco, 9ład January),
HONOLULU, JAPAN & BEANGRAI
БРАЛОВАТ
JAPAN & SHANGHз!
JAPAN
JAPAN & SHANDA ALL...
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 a.m. registered and parcel mails are closed at 5 p.m. on the previous day.
Formors...
For
Pri
.Data & Tiku
Swatow, Amoy and Foochow
Ohongtis ... Sekko Mars Hydrangea
Yusang y** Benlawers
Thursday, 18th,
-8,30 & M
8.30AM 130 7 W 3.30. 1
5.00 7
5,00 г s
Friday
ith
Haicking
10
Clanton
Telemachus
916.85
FAA
16.60/63
Haiphong
T.851
Saigon
T#3
T10.10
Biraila, Ceylon, India, Maurition, F. & 8. Africa, Aden, Egypt & EUROPE vis Marseilles--duo Marsailles, 15th March..
Karmala
144
་་་་་་་་་
$12.45
265
$19.55) ez div. 365.18]|
$14.35
**
Baigon
Manila
Tramways. 818.80 $19
Macco do.
Sandakan Lights...
Telephones...| $9.60 |
China Buses.........
Tractions
Do. (pref.).
Industrials
Caldbeck, (ord.)
Macgregoripref.) Canton Ices **** Cements (comb)...
Do (old)... Do.
Menertheus
Shanghai, & EUROPE Tia Siberia ...
Japan & Vic oria, B.O-due Victoria,1
B.O., 11th March
Tyndareus
Pong Tang
Amoy
13 M 5,00
Komlón PO. ::
Parcela 4.30 e k g.15th, 9.00AM Lettere 10.00 a m G.P.O.
{Par. 14th: 5.00 >
keg.,15th 9.45% w Letters · 10,30 AM-
Saturday, 15th,
10.00 AM
10.05
3.30 r 4.30 M 500, M
Prri, Cleveland. Anhui
180g
Lachow
5.00
Goiters
2,00
Sunday," 18th,
Canton Haru Kalgas
9.00 9.00
Monday: 17th, Parcala Reg.
Bangkok vin Swałow ...
Japan, Canada, U‚84, U. & §, America)
& FURORE via Victoria, B.O
dus Victoria, BC 7th March
Ehangbai and "EUROPE via Siberia ». Formers...
Amoy
Manila, Australia & New Zealand via)
Thuralay Inland due
Island, let Maryh
Pres. Lincoln ..
Swatow ..
2.00 4.15 V
Letters 3.00
Lältars. 8.00, P. M*
Ber.
Pris, Lincoln
Emp, of Australia!
Szechuan ... Yumeing
Changle
5.00
5:00 PM
$,00 P.:K
5.00 1
5.COM
Parcels Beg,18th,945 a
Letters 1030 a m ̈
Tuesday, 18th,...
8.80 AM
NOOD
1.00 M
1.00 M
Kowloon P.D.
4.30
Hamphreys
Chinese Estates...
Publio Utilitie
B3%
Galvanized flat sheets, 1/32”,
1/8/
Wire Nails, 11-3. per picul Galvanized corrugated phts.,
24/26 ... per 100 lbs. 24 G$5.50
5.40
$19
$19
8114
Peak Trams (old)... $TI
88.05 Dr. (new)
Shanghai & Dalny
83
8721
Star Ferrics...
par 100 lbs. 26 G30.60 $19.85 Galvanized 8/32#1x per lb. Galvanized wire 19/22 per picul
C. Lights (ald).
$13.50
$15
Do. (new).
13.10
Do, (comb.j
41
Britiah
$791 $7.
H.K. Electrica
$20 $15 $23.60 $23.80) 372
879.75
$15.25
$721
Яwatow, Amoy & Formoss
B.N., Spot
$17,50 8:3
17.6)
TIN PLATES:-
English I.C.W.,
"To ardive"
= 117,
18.25 T.161
19/0
10/
100 lbs, Spot Englah ICW. To strive English LC.W 183" x 14",
110 ba. Spot
per box 12.25 12.40
H
H
12.76
Thursday
English I.C.W., To arrive.
12.85 Continental. AmericanL.C.W. (Spot) 207 x 147
100 lbs., 112 sheets par bor... No stuck American I.C.W., To arrive 2014
100 lbs., 112 sheets... per box $14,50
Petroleum Products.
T.11
$21
Rpany, Feb. 11.
British.
Paris
.124.10
WITTE BOOD BRAND. COMET BRAND,
...por casa $4.18
"
3.80
$15.35
$1.20 $7,85 $0.50
85
1515.35/40
$15.55/60
$111
Wei Hai Wel via Swatow & Foodbow
Huichow
(now)...
$31
71/.85
China Sugars
Ropes.***********
$7.90
·Straits and Oxlsutta
Kumsang
¡Par, 1Latter
$27
Malabon Sugars ...
Bwatow, Amoy & Foochow
1.1
829
United Asbestos...
Reg.
**
***
New York
4.831
1
Cock
3,13
"
Brussels
34.90
EAULE BEAND
2 time 3.00
Geneva
25.201
...per bulk 3.00
Amsterdam
12:128
SOCONT MOTOR GASOLINE..... per caso 5.83
$99.90
Feb. Feb.
6 6
Milan
02.01
Kerosene prices advanced ten cents po
$0.80
፧፧
Allied Chemical & Dyo...
Adams Express...
Allied Power & Light... Allis Chalmers...
American Can...*, American Bolling Mill
American Smelting American Tol, & Tel. American Tob
Tobacco B*** American Waterworks
Anaconda Copper Atlantic Refining Baltimore & Ohio
Bethlehem Stool
...
Calumet & Hecla Canadian Pacific Railway
... 2783 280
451 161 -61 601
911 904 18 761 2311291 228 223 100 100
781 781
118 1171
102 100
31
311
2001 202
721 72
Copenhagen Oslo Vienna Prague Helsingfors
Madrid Listion
Athens
.. Bucharest
Buenos Aires
Bombay
Shanghai
311 801
Berlin
30.36)
unit on 20/1/20.
$28
$1,30
Miscellaneous
Dairy Farms.........
Der A. Wings....
Amusements
Constructions
Straits, Ceylon, India, Mauritius, E. & S. Africa, Egypt & EDKOPE via Mar- sailles-due Marseilles, 19th March
Hector
Letters 4.30 ▼ M
}
Beg.
8,00 N
$23
Lettor
Swałow
Hangsang
8.00T 5.00
$281 81.20
Stockholm
18.13
SILVER LIGHT,
3.90
$3
Lane Crawfords
$3
Amoy
***
18, 17.
CLOWN BEIND...
69 lbs. per 2 tins 3.00
$18
Mackintoshs...
18.21.
1831 182
31.543
8 i. galls, 68 lbs. per bulk 3,00 CROSS BRAND ...71 lbs. per 3 tins 3,34
Nauyang Tobacco...
84
1041
1031
37.874
LAMY GLATE SHELL MOTOR SPIRIT
8 i. galla. 71 lbs. per bulk 2,74 per 2 tine 3.52
$12
Sincares (old)......... $10+
Swatow, Amoy & Foochow ...
De. (new)...... $94
Fer case 5.83
$11.00
$12
Watsons APOIANA 812
por 2 tins 6.58
$21
Wm. Powells
82
1081
*375
301 391
318
TEXACO "8CALE"
Rio
5 17/32
per bulk 8.08
per gallon (ex pump) 0.61 "YIX FOD Per Co0 2.98
B. Ind. G.8 Bonds... 60%
Straite, Ceylon, India, Mauritius, E. & *3. Africa, Egypt & EUROPE vis Mar seille due Marseilles, 23rd March
Wednesday, 19th,
1.30 -
Priday, 21st,
2.00 x Kowloon P.0. toy. 4,30 P
Kilans Maru ... <|Lot,22nd,9.00 AK
Newchucany
Hai Ning...
H.K. Gort. Loan... $105
prem
3.72
42#
""TEXACO ACTO ĜALOLINY","
5.83
LOCAL AND BEGULAR OUTWARD MAILS.
1/5.20/32
Coals. QUOTATIONS
?/11
KAIPING NO. 1 Lump
801 801
Hong Kong
1/6
Nut Coal
$15.00 16.00
WEEK DAYS.
***
い
110 1101
Yokohama
2/0
411 41
Silver (spot)
20 3/16
314 824
Silver (forward).
20 1/16
20189 201207 20+ 30 431 201 321 201
... 114 113
Missouri Pacific (Com.).
223.22 Montgomery Ward
081 972 Nevada Consolidated Copper...
30 30 New York Contral
877
84
17
60
001.93
981
wat
-- 811 811
... 122 123)
67 67
71
***
83
204 89 Texas Gulf Sulphur 52) GI
*** 02:03
Timken Roller Bearing
Ung,
671001 148 143
0}} Trans America
Union Carbide & Carbon
"
901001
103) 1001
Liggett & Myers "B"
Madison Square Garden
(Continued on neat Oolumn)..
Ung 74 ...103 106.8, 8toal
Union Pacific Bailway... United Aircraft & Transport... 471 401 United Dry Docka U.8. Realty & Improvement
**** 184 1881 Vanadium
65] es] Westinghouse E. & M. (Com.)... 166° 104).
Cities Service, Common Columbia Gas & Electric Columbia Graphaphone Commercial Solventa... Consolidated Gas of N, Y. Continental Oil
Corn Products... O cod
Caty
ht. Common
Curtius Darison Chemical
Du Pont de Nemouri Eastman Kodak Company Electric Bond & Share Erle Railway Fox Film "A" General
Electric (New)
General Food
FOL
General MozoZE.... General Railway Signal Gold Dust Goodrich Rubber Goodyear Tire & Rubber Grauby Great Northern Certificates International Comont ... International Comb. Eng. International Harvester Inter. Hydro Electrio "A" International Winkel.... International Printers Ink... International Prod. (Com). ... International Tel& Tel
Kennecott Copper
Johns Manville...
Lambert Company
Lehigh Valley
7 71 Northern Pacific Railway
361 841 Pacio Lighting
120 128
1281 Packard Motor Car
108190) Paramount Famous Lasky
96 951 Fonnsylvania Bailroad... 603 801 Penaroad Corporation... 30 87 Phillips Petroleum 78 77 Public Service of
of N. J. Radio Corporation
Railway Reading Reynolds Tobacco "B".
441 44
48 Uzq. Sonra Roebuck... 49] 146
Shell Union
74 71 Simmons Company
£6) 56 Southern California Edison
Southern Facile Railway Standard Gas & Electric
81 801 STOCK
14 15
34. 241
917 90 30 271
Australian
641 Standard Oil of New Jersey...
901 883 Standard'Oil of New York”
381 384 Texas Corporation
Stanley. 44. Autan, Pingshan, Santin,
121 Bugal-
Java Rongh White... per plenl$7.48-7.78 Cheungchow
(Reported sales 49,006 pículs. Spot.) Java Rough White... per picul 37.63-7.65
(Boported sales 6,800
To Aberdeen picula. To arrive during Fob., March, 1030.) Jara Bough Brown...por plonl $7.38-7.43 (Reported sales 6,610 picnik. Spot.) Jarn Bough Brown...per pioul $7.28-435
(Beported salon 6,250 picuis,
arrive during Jan., Feb., 1990.) Jara Monakos per picul $0.15-0.23
(Reported sales 2,008 piculs, 8pol.)
To
flour
901 89
QUOTATIONS A
301 201
No. 2 Lump
No. 1 Black
No, 2 Black
MARKET:--Very weak.
American Patant...per sack 14.45 20
Straight...
11,50
8.40
FOR
£.70
FROM G.P.O.
FXox SHRUNGWAN HUANCH P.O.
FROM G.P.O.
SUNDAYS & HOLIDAYS
From STEUNGWAN
BRANCH P.O.
3.85-3.65 Canton
1831 183
88
84
Cut off Australian No. 1 Canadian Cut of
8.40-3.70
(7.15 nm, &) † 7.80 0.10. 16.00 p..
17.00 p.m.
3.80-3.00
7.16 m. 5.00 p.m Sundays"
p. only 7.00 p.m.
i only
(7.30 am, &
7.00p.m.
Bundays
Sandakan
South Africa and *Bouth American Ports)
vis Saigon and Singapore
Jaigon, *Straits, Ceylon, India, Mauritius,
East and South Africa, Aden, Andra Lebon Egypt & EUROPE vis Marseillos... due Marocilles, 28th March
* Superscribed correspondence only.
G.P.O.
Reg
8.45 AM
Lettors
9,30 M
Monday."
Mausong...
24th, 1307
Tuesday, 25th,
Hawaii Mara
8:30 AM
Kowloon F.O.
Reg: Letter
1,00 P
1.00 PM
G.P.Q.
Beg
1.457.M
Letters 2.30 r
3,25-8,35
Straight...
8.15-4.25
[7.15 am & 17.30 am. &
Mixture
.3.00
2nd Clear...
American ...
Canadian....
200
600,000 bags 180,000
Macao & Tirshan
(7.16 am, &] ƒ 7,80 x.w. 11.15 p.m.
1.16 p..
1.30p.m.
Sundays
20,000
186 138
541 64
700,000 baga
901
Sundries.
Kongmoon (except Batur lays) 6.00 p.m. Kanking (except Baturdays)... Fatshav (By Train)
6.00 p..
6.00 p.m.
1.30 p.m. Sundays 8.15 0. 8,30 m only
Lonly... 8.00 p 5.00p.m.
6.00 .p.20.
7.10.13.
231 23
WINDOW GLINKAGING
Tal O
80 70%
Fair average sizes.
1/16 thick
1/87
1211 118
... per box $3.80 Tai Fo
"15,80 (27 62K)
Shumchan China, India and Straits Produce.
...
4;
64. 531
401 401
781 751 91
00
2211224
Shatin, Ebataakek and Sheangshui Balkangi Nuntau, Sbokki & Taiping'
(Famiin)
2.00 p
4.30 p.10,
4.30 p.m.
7.00 p.m.
7.00 p.2
1.00 1. (11.00 .ini à
i 3,00 pan. (9.00 £ 12.00 p.m. (12.80 p.m.
& 4,30 pm. Batordays 1.00 p.m. &
14.30 pm. 8.80 1.4. 100 p.m.
{& 4.30 p.m.
8,30 1.174
1.00 p.m
10.30.
7.18
·9.00 1.1. 0,00 1,
11.01.
(11,00
m.
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