Money
and Markets
CANTON TRADE NOTES.
No. 11/13 raw silk was quoted at H.R. 83,015 per picul on Tuesday, being several dollars lower than the past two days.
•
•
ון
NEW YORK STOCK
"EXCHANGE.
CHEAP CALL MONEY.
(UNITED PRESA.]
THE HONG KONG DAILY PRESS, THURSDAY, MARCH 13, 1930.
MERCANTILE BANK DAILY SHARE QUOTATIONS.
OF INDIA.·'
· ANNUAL DIVIDEND.
The local branch of the above Bank has received a telegram from the Head Office in London advising. that at the annual general meeting of shareholders & final dividend of b par cent on the "A," "B" and "" shares will be declared (making 16 per cent. for the year less income tax), £30,000 be placed to reserva (raising it to £1,480,000), £40,000 written off landed and house New York, March 8.--Call money property, and £166,000 carried for- declined to the almost unpreced-ward to 1930 account. antedly low Jovel of 31 per cent to-day and stocks on the New York Stock Exchange advanced sharply. Waste silk exported during last assisted by gains in bonds and com mosth totalled 2,081 piculs, show-modities, says the daily review of the Dow Jones Financial News ing a decrease of 782 piculs over #the preceding month Of this Agency."
amount, $,073 piculs went to the Linited States.
The oils market remains dull. Latest quotations of groundnut oil are $26.50 per picul, bean oil 828, tea-oit 835 and wood-tar oil 843.
י
Very large quantities of Chinese four were imported during the past few days from Shanghai. Stocks of foreign four are abundant but com- sumption both locally and in the country districts is small. The prices have unsequently fallen.
*
*
Up country demand for foreign artificial fertilizer has been limited on account of the cold spell which This has kept back the crops. coupled with large arrivals has caused a sharp drap in the prices. Artificial fertilizer is chielly im- ported from England and Germany,
over
*
Wheat crossed its previous close and cotton regained early. losses. Bonds advanced in an active turn-
over.
Packard Mator spurted, closing up 14 to 201. Other motors follow.. ed this trend in the late trading. General Motors closed up to 42). Willys Overland edged up eighth to close at of and Chrysler was up a quarter to 381.
Industrials Strong..
AD
were
The leading industrials strong throughout the trading, with the Dow Jones average for 30 industrials advancing 3.02 to 274.51. Westinghouse E. & M. closed at 100%, up 41. General Electric clos- ed at 781, up 21, U. 8. Steel was stronger again, closing at 182, up 3, while Bethlehem gained to close at 1003. Du Pont was up
Waterworks American to 126). gained a half to close at 108. Ameri- can Rolling Mill was up 1 to 84. Rails strengthened along with Dow the general rise, and the
IMPORTS-PRICES CURRENT.
The reports and prices are published an sapplied by Importars, and the Chamber cannot accept responsibility for the scourey thereof.
Moinla Stocks low, Market firm with upward tendency.
IRON AND STRELI
Steel Nail Bode... per picul Steel Bars
HONG KONG STOCK EXCHANGE.
SHAREBROKERS' ASSOCIATION.
Bayer
Ballers Balive
Nominal
WEDNESDAY. MARCH 13.
Hapers Sellare- Bales Nominal
:
$1,390 $1,385 1,350/5
$981
3340 $803
2!!!
div. £108
217
[215)
Banks
EK. Banks
+44
Do. (London) Chartered Banks
Mercantile Bks. “A”
Do
Bank of East Asia. ) #98
9735
$1.10 1.30
!!!!!!
!111!!!
FOREIGN MAILS.
RADIO NOTICES.
The Radio Office, where full information concerning all wireles Corticos may be obtained at all times, ie mitxated on the ground fner of the P. à ̈O. Building in Doe Voux Rond, next to the General Post Of
Individuala and Bras are recommended to register their telegraphic ad-. dress at the Radio Oos. No charge is made for this.
MANILA
MANILA
12
PIN
$1,375
INWARD MAILS.
£19)
*NOM
215
Insurances
Essors via Sux (Letters & papers, Lon don, 13th Feb., & parcels, 6th Feb.) SAIGON
Malwa
19th Mar.
Athou £1...
14th Mr.
#768
8775
Canton Iss
1+
Underwriteru
7.180 $397
North Chins......
T180
$308/2
Union Ins.....
$308
M.300 Yangtze Ins................
$80
JAPAN, SHAWONAL & EÜHOPË VIG
Bibela (Londob. Slab February) U.S.A. (Seattle, 2ted Fab.), CANADA, JAPAN, BHANGHAI & EUROPE) vin Siberia (London, 22nd February}
Kalyan
14th Mar
Prus Tof
14th Mar,
China Fires ****
$245
Emp, of Canada...,
10th Mar.
"has
H.K. Fires.....
$800
10th Mar,
Pro Jackson
17th Man
Aeneas
18th Mar
Shipping
Za Plata Maru
10th Mar,
#:4
$23}
Douglanes
Steamboats
$941
HONOLULU, JAFAR & SKANNUAL
Tenyo Maru
2th Mar.
$30
$43
Indos (prof.)
Australia & Manica
As Mar
th MAZ."
500
$70
Do. (det)
Japan & BhanGHAT...
Kamo Moru
elt Mar.
93/6
Shell Transports
93/6
***
Water boat
8251
Mining
Honolulu, Japan & SharoWAT B.S.A
U.S.A. (Ban Francisco, 21st February
Pres. Wilson
Prsa," MaKinley Ohenonceaut
4th Mar,
251b Fab
Pros. Jeferam
18th Mar
T.O
T.1
T.J
CANADA (Victoria, B.C., 8th March), i
U.S.A., HONOLULU, JAPAN & SHINGH U.S.A. (San Francisco, 7th March.
HONOLULU, JAPAN & SHASAPÃO
Ep, of Busin
30th Mar.
rea. Van Buren
5th Apr.
$10.19
19/J
Docks, WharvIE,
:::
QUOTATIONS. Continental.
$0.20
-6.66
#
Angles Roda
H
4.65
$25
"
6.00
མ-
Jolata
5.40
"
9.55
15:30
18.00
...
6,00
7.60
14,50
.Sheets
Plates
Swedish BarE Small round roda Hoops, black stee
»
744
galvanized
Black Tubes 1/8"...Discount 73% c. & f.
63% Gale. Tubes 1
1: 8.80 Wire Nails, 1-3
... per plonl Galvanized corrugated shis.,
...pue 100 lbs. 240$9,60 Galvanized flat sbrots, 1/32′′,
ཙྪི།
'dir.
TS
$17
$17,40
21/
24/20...
E
1/0...
per 100 lbs. 28 $9.70 $14.00 Galvanized 8/32"xx per lb. Galvanized wire 18/22 per picul
13.50 $152 British.
$17.50 $32
17.80 T.199 18.00 77.80
$5.20
T.124
18.20 T216
LEAD
+++
There are
twenty mining companies in the North River re gion where wolfram, magnesium, coal and iron
abundant, Br Though the mining methods are rather primitive, the result is satis factory and all the companies make | Jones average for 20 rails was up profits. Their business is however,37, to 159.08. Erio gained 1 to often handicapped by civil disclose at 604. Pennsylvania held on
at 82 but New York Central ad vanced closing at 1881. Cana. dian Pacific was up 18 to 2031.
English I.C.W., To arrive Experts have been Rock Island gained a point, closing at 120, Union Pacific was likewise up a point, to 228.
order.
The Silk Development Bureau is to start silk production in Northern Kwangtung. dispatched to the North River dis tricts to plant mulberry trees and to teach the villagers "how to raise, silk-worms, etc. Silk is chiefly pro-
shan and Punyu, all of them in the
Utilities Average Better., Consolidated Gas featured the
duced in Shuntak, Namhoi, Heung-atilitice, closing up a point to 122. The Dow Jones average for 20 ALA Up 85 to 100.36, Columbia Gas & Electric moved up
West River district.
骨
*
utilitics
The cotton yarn market has re-half a point, closing at 90, Among vived. There have been brisk in the communications, American Tel. quiries from Fatshan and on Tues & Tel was up to 2408,and in- day prices advanced between three ternational Tel. & Tel. gained two and four dollars. It is expected points to close at 70. that the prices will rise still higher ne stacks are short. According to a Shanghai telegram, the market there has alas been active and the prices have gone up a dollar. On Tuesday, over four thousand bales were sold in Shanghai.
CHINA PROVIDENT CO.
Selling developed toward tho close, as traders took profits. Many anticipated that the New York re- discount rate would be reduced.
Sales for the day totaled 3,350,840 shares.
Reliscount Rate.
B.M., Spot
To arrive Australian-B.H.P., Spot * To marire TIN PLATE
English I.C.W., 20" x 14",
100 lbs. Spot
per box 19,00 English I.C.W., To arrive English LC.W., 18′′ x 147,
110 14. Spot
+L
47/0
Benquet......
Kailan LANATATAKAN
Fra.60 Langkata (comb.)
Do. (single)
T1.30 Explorations........
Shanghai Loans ......
Raubessenedeçou
Tronoh Mines
Godowns, sta
E.K. & K. Wharfa..
ELK. Docks ...] $31}
Shanghai Docks ...
New Engineerings
Hoogkews
!!!
Providents
$152
35.15
***
►MARGHAT
JA 1944 Francisco, 22nd February) 1
(Sma Francisco, 98th February}," HONOLULU, JAFAn and Shanghai Japan & BHANDBAL
U.3.4. (Seattle, 8th March), CANADA.
.
T320 1.71
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. an' the previous day.
DATE TIME
For
Cotton Mills
13.00
T.16
16.30/44
Ewos
T18.15
¡T18.35
so
S'hai. Ctors (old)...
1.831
Hothow, Pakhoi & Haiphong
13.40
13.80
7.78 7.10
Do
(now)...
T.81
Straits
Zong Sing
T.91
***
Fort Bayard
Continental. American I.C.W. (Spot) 20" x 14"
100 lbs, 112 shouts per box... No tools American LC.W. To sirivu 201!**
100 1b, 112 shosts... per box $15.00
Petroleum Products.
British. WHITE ROSE BHAND
...per case $4.18 COMET BRAND Vock
EAGLE BRAND
...per bulk 2.00 SOCONY MOTOH GASOLESZ... per casu 8.83 8.00 SILVER LIGHT
68 iba. per 2 tine 3.00 CROWN BRAND
8 .galls, 68 lbs. per bulk 3.00 ("ROBE HRAND 71 lbs. per 2 tins 3,34 8 i galls. 71 lbs. per bulk 2.74 LAMP GLASS
por tins 3.32 SHILL Moron SPIRIT
per case 5.83 per 2 tins 6,58 per bulk 5,08,
J
por gallon (ex pump) 0.81 New York, March 6-The New | TRIACO "SCALE"
per case 2.00 44YIK Tork rediscount rate is unchanged,
""TEXACO ACTO GASOLINE" " it was announced to-day.
Coala Brokers Loans.
QUOTATIONS, Washington, March 6.-Brokere!
1920 NETT PROFIT OF $70,000, loans for the United States increas ed $94,000,000 during the past week, making a new total of 83,583,000,000 as compared
week's with last 83,489,000,000 it was announced here "to-day.
The annual report of the China Provident Loan and Mortgage Co., Ltd., for the year ended December
31, 109, states:
Katrixa-No. 1 Lump
Lands, Hotels and
Bulidings
H.K. & S. Hotels ':.. | $19.00
Tramways
Star Ferries
(new).
C. Lights (old)..
•DO.
(new)...
Do. (comb.). H.K. Electrics
Macao do.
Sandakan Lights.
Telephones.....
:::
៖ ៖ ឱ!
8691
$10
China Buses.
Tractions
(pref)
$19.35
$15
NI
Miraite & Calcutta
·BRALET...
Amoy
Pra
Changtu *... Fan Houtis Sun Kong...
Sui Sang' Eydrangea Tiguan
Falkon
Thursday, 15th,
9.30
צייג ז10/4
10.30 A
Parcela Loter
NOOD
1.00 M 13/M
3.30 P
3.80 **
Friday,
Malva
•Hui Ning...
Canton
Ohi kiang
Pascalo
3.00
Shanghai, Japan & EUROPE ria Sibens dihos 11...
Straits, Ceylon, India, Mauritius, F. &. 8.
Africa, Aden, Egypt & EUROPE Kalyan Tia Marssüles-duo Marsailles," 19th April
14th,
10.30
200.TX 9.53M
$.30 M
Kowloon PO..
4.30 B+g,15th, B.COM.. Letters 10,00 a m
G.P.O. Parth. 5.00 16 dog..15th,9.45 a m Sellers 10,80 AM
Saturday, 15th,
4.30 PM
5.00 x M
Manila
Shar ghai & Dalny
Faschow and Wai Hai Wai
Pros. TaftTM
Luchow...
Rog 1.o:tern
6.00 P
Sanjay 16th,
Bangkok via Swatow
awatow, Amoy & Formosa
Huichors... Aalgan Canton Mar
880 & M
9.00 & M
$15
Shanghai and Japan.... Jajan, Canada, U.FIA, C. & 8. Amaries":
& FUROFE via Victoria, B.C.- dus Victoria, B.6%, 4th April...
Kakima Maru..
Pres Jackson
829
124
#hanghai and "EUROPE via Siberix Manila, Australis and New Zealand vis Thursday Island-due Thursday Jeland, 29th March
Pres. Jackson
Toi Ping
H
312,90 $60
Baigos
SH
$64
H.K. Lands ......... 5632
T.225
Shanghai Lands ....
88.30
H.K. Realtya
$81
Shanghai & Japan
""
2.99
$14
"
8.93
$08
Chinese Estates
Humphreys ***
$14
watew, Amay & Foochow ...
*
Fairhong
2.tina 3,60
Public Utilities
Balgon ...
320.40
$204.
Feak Trams (old) .......|| $11
·De.
320.201
$20.25
$60
$12.05 $19.30 $19.30 $14.00
$801
seat
823 844 3.72 810.30
5.83
T.17
1
10/
18/3
$17.50
Nut Coal
18.00
No. 3 Lump
12.50
No. 1 Stack
10.40
.10
No. Sluck...
9.60
T.10
Flour
52)
MARKET-Very weak. QUOTATIONS;
$14.90
$10,80
American Patent...per sack $432-4.50 Was
Straight...
84.10
3.3-3.60
$7,85
Cut off
3.35-3.60
80.75
3.00-4,30
3,20-3.30
85
Straight
Mixture...
9.15-3.25 3.00
,
Bad Clent...
2.90
12
American...
..4.86 5/32
Canadian ... Australian...
200,000 -20,000
600,000 bags $0.80
$22.20
329
$281
· 128+
$1.30
$1.20
Brussels
34.69
Geneva
25.135
820,000 bag
$21
Armsterdain
12.124
Sundries.
$18
Lantosh
Nanyang Tobacco...
$3
$4
Milan
$2.85
90.40
WINDOW GLASB-
Fair average sizes
[2
Do.. (now)
Sinceres fold).......
810.70
.89.00
Stockholm
18.115
1/10 thick
Copenhagen
18,305
1/8
"... por box. $8.90 , 15.75
Watsons
$19.20
&B America & "EDBUFE A Van couver, B.O.-due Vancouver, B.O., 4th Apil, & Europe via Biberia..
*
$2.20
Wm, Powells..... 891
Oslo.....
18.17
60%
B. Ind. G.8 Bonds... 60%
34.313
H.K. Gort. Loan
$105
Amoy
Prague
1041
Helsingfors
1832
Straite...
Madrid
39.25
Lishon
108.30
Athens
375
818
325/32
to $3,328,000,000.
Last year's high was 36,804,000,000 Interest on loans considered to while the ∙low figure be irrecoverable, amounting 810,714.68, has been, treated as in previous years, so that the nett profit for the year amounts to $70,530.19.
It is proposed to carry forward this surn to the uredit of 1930 ac :count, which,
with together $63,040.92 brought forward from 1929, will leave 2 balance of 8133.571.11 to the credit of Profit and Loss A/c
Specific Reserves for Loans shows A surplus of 830,992.50 which sum has been transferred to General Reserve Account. General Reserve Account has also been credit- ed with the sum of $11,850.93 representing dividends unclaimed and now forfeited for the benefit of the Company.
This account has been debited with 85,000.00 as n Reserve for Bad and Doubtful Debts. ».
Directors.
The Hon. Mr. J. P. Braga has been invited to join the Board of Directors. In accordance with the Articles of Association, Mr.. P. M. Hodgson and Mr. S. M. Churn re- tire from the Board, but being eligible, offer themselves for re- election.
Auditora.
iv
The Accounts have been audited by. Messrs. Linstead & Davis and Messrs. Perey Smith, Seth & Flem- ing who offer themselves for re election.
THE HONG KONG FIRE INSURANCE, CO., LTD.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE.]
RUGBY, March 11.
124.28
Paris New York
Berlin
Vienna
Bucharest
Rio....... Buenos Aires Bombay Shanghai Hong Kong Yokohama Silver (spot) Silver (forward)
42 1/16
1/5 27/32
1/101
175!
20 11/32
10.3/10 18
Australian No. 1 Canadian Cut off
STOCK:
Chins, India and. Straits Produce.
SUGAB
Java Bough White.. per pical $7.53-7.78 (Reported sales 59,882 piculs, Spot.) Java Bough White...par picul $7.06-7.68 (Reported malos 1,500 picals. To arrive during March, April 1930, shipment from Java)
Java Fine Walte... por picul $7.78-8,43 (Beported salu 2,906 pienis. Spot) Java Rough Brown...por pical $7.53-7′58 (Beported sales 3,978 piculs. Spet.) Java KolaasON
por pical $8.23-8,28 (Reported sales 3,745 plculs, Spot.)
£20 IN THE SLOT.
CLUB GAMBLING MACHINE. RUINS CASHIER.
The fascination of automatic gain- biling-machines, on which he had lost
*** prem.
Do.
Industrials
Caldbeck, ́ ́) (ord.),
Macgregor (pref.)
Canton Ices
Cements (comb.)... $14.75
Do
(old)...
Do. (new)...
Ropes ****** China Sugars.*** Malabon Sugars United Asbestos
Miscellaneous A
Dairy Farms, Der A. Wings... Amusements Constructions
Crawfords
HTML
LOCAL AID REGULAR OUTWARD MAILS.
Canton
Boihow..
Swater, Amoy and Bocchow
Straits, Ceylon, India, Mauritius, B. & S.)
Africa, Egypt & EUROPE i Mar Meiller de Marsailles, 20th April
1
**
Shanghai, Japan, Canada, U.S.A. C
9.00 &
Monday, 17th,
10.30 AM Parcels 8,00
4.1 Kay. Letters 5.102 M
Beg. 8.00 x Letters
Parcels
8.00. 5.00
Bp.,18th,9.4530`
ters 10,30 a #
Taety. 18th,
9:30 a
1.00 P
Kingy
Fatehing....
1.45 M
Acasas Falshing Emp. of Canada
Letters
2.30 N
5.00 x
Parcels 5.0 ?
10
Wednesday, 19th,
9.15 á a -atters -10.00 4 3
Wednesday, 19th, 3.80==
Trinan...
Thursday, 20th,
Formue
Cheong Shing ***|
Als Marsi...
Saigon, 8. Africa & *South American Ports La Plata Mars.. Swatow & Foochow
WEEK DAYS. -
BUNDAYS & HOLIDAYS
FOR
FROM G.P.0,
FROX ŠILTUNGWAN BRANCH P.0.
FROX
,P,0.
FROM SUNUNGWAN HRANCH P.O.
Гарад
Macao & Tinghan
(7.16., & 8.00 p..
$7.15 am. & (1.15 p.m.
CARRIED OFF BY TIGER.
MAN-EATER ON PERAK RUBBER PLANTATION. Roko, a village in the Kuala Kangsar district, has been the scene of a tragedy, a Chinese tap. per being killed there by a tiger.
The deceased, accompanied by another tapper, went out early in the morning to work Arriving at the scene of their labours the men separated. When one had com pleted his tapping be returned to the starting place to meet his com panion. Not finding him he looked systematically robbed the firm since Cheungchow around and discovered traces of last August, the total defalcations
as much as £0 a night, was said Kongmoon (except Baturis) 6.00 p.m. by his solicitor to be the cause of Kaukong (except Saturda)).....
cashier's downfall.
blood and the spoor of a tiger,
The cashier, John Brazier, aged | Fatabau (By Train).
Tai O forty-seven, of Anerley, was, ut Bow-street, sent to prison for three, months in the second division, for Tal Fo embezzling from his employers, a firm of Covent Garden fruit sales.
inen.
It was stated that Brasier had
amounting to about £470.
He returned to the village and
We are officially informed that the General Managers and Consult ing Committee of the Hong Kong Fire Insurance Co., Ltd. will re commend at the forthcoming meet ing of shareholders, to be held on the 20th instant, the payment out
Mr. Whiteways, who defended, of the profits for the year 1928 of a dividend of 847 per share absorb gave the alarm. The police went aid that a few months ago Brazier ing 8370,000; topaas 223,000 to out to search for the missing man, joined a club in the West End at credit of sterling reserve and Following up the traif they dis- which were these diabolical auto- £2,598.2.2 to credit of Reinsurance covered his partly devoured rematio gambling-machines" in which Fund; carrying forward 8811,112.38 mains. Steps were taken to track shillings and balf-crowns
placed. in respect of the year 1929.
the man-eater.
Shumchas
7,30 n.m. (7.00 p.m.
7.30a.m. 11.30 p.m.
7.15 am. & (7.30 1.1. á 5.00 p.m. Bunday (5p.m.only 7.00 p.m.
(7.16 a.m, &) (7,30 1,10, &
1.16 p.m. Sundays
8.15 BJ.. only 6.00 p.m.
1.30 pm... Sundays 8,30 BILL Louly
trails, Ceylon, India, Mauritios, East)
Fouth Africa, Egypt & Ferope via Kame Maru...... Marseilles de Marseilles, 20th April)|
<aiRODS
Ceylon, India,
·Mauritias,
East and South Africa, Aden, Chenonceaut Egypt & BUROPE via Marseilla~~ { dine Marseilles, 25th April
10.80 &
5.00 M 6.00 IN
Friday, 21st,
9.30 ■ Kosalons P.O.
4.30 P = Heg. Let.2 nd, 900 a M U.P.0. Reg.2208,845 4× Letton 9.20 x
Saturday cind,
6,00 7,M
Monday, 24th,
1,30 M
Tuesday, 25th, Kowloon R.U. Reg. Letters 1.00 r = G.P.O.
6.00 p.m.
6.00 pm
7.15 L.
9.00 am.. 9.00)
**** 18.00p.m.
(9.00 & 13.00pm (12.30 pa 144.30pm. Baturdays 1,00p.m. & 4.20 p.m. 6,30a.m.
1.00 p.m.
Aberdeen Stanley Autan, Pingahan, Samp, Shatin, Shataukok Sheungshui
8,00 pai
were
Balkang. Numian, Bhekki & Tag
(Famin)
4.30 p.m.
7.00 pu
7.15 m. 9.00 15, 9,00 ..
11.0 W.
(11.00 ..
{& 4.30p.m.
7.00 p.m. Bundays
Lonly
6.00 p
6.00 pm.
Manila
Smedakan
Manila
Swalow ***
Amoj
Stralis and Oslenita
8.30 A.DL 1.00 pm
10,30
Maaile
Manila
7.00 p.m.
4.80 pz.
Pros Wilson
Мамлатья
Bosang
1.00
4.20 PM 5,00
5.CGP
Reg. Letters 2.80 r
1.45 r
Pres. McKinley ...
Obaking...
Yuensang
Thursday, 27th, Par. Noon Letters
1.00 M
Saturday, 29th,
4.30 P.M
Monday, 81st,
3.30 FM
Free, Jefferson
Emp. of Rueria
Baperserited correspondence only.