Money
and Markets
HONG KONG SHARES
BENJAMIN & POTTS' WEEKLY REPORT.
31essrs. Benjamin & Potts. local share and general brokers, in their weekly share report' dated yester- day, state:-
transarted.
Banks.-Hong Kong and Shang- hai Banks wero realised again at the outset at $1.415 but close with sellers at 81,405. The London price is slightly lower and stands at
£116.10 (Middle).
Marine and Fire Insurance.-
Upions have further advanced and
after sales made at 443 the market quickly advanced to 8470, with a fair number of transactions at inter. medinte rates. Cantons have regis tered a rise and are now in demand at 8800. China Fires are still in request at 8355. Hong Kong Fires were placed at 4900. Underwriters were bought at $1.40.
METAL MARKETS.
ERRATIC TENDENCIES AND
LOWER PRICES.
Messrs. Rudolf Wolf, write as tollows under date London, April
11:-
•
N
obtained in
THE HONG KONG DAILY PRESS SATURDAY, MAY 3, 1930.
Lend, after a weak opening, ha DAILY SHARE QUOTATIONS.
gradually recovered and closes 1/3d. higher as compared with last Fri- day. The earlier weakness was due to less favourable reports from America where the price last Fri- day was lowered 15 points to 5.60 cents, and again on Monday to 5.50 cents. but the market on this side has received a certain measure of support at the hands of influential interests, and at the same time there bas been no particular pres♦ aure to sell, operators generally awaiting the course of events and a more definite indication as to how consumption may develop as the year progresses.
£18, 2.0
£18.12.6
£18. 5.0
£13. 7.6
en part of consumers remains dull
Bayer
it
$1,400
HONG KONG STOCK EXCHANGE.
·SHAREBROKERS
ASSOCIATION.
Ballers BalcoNominal
FRIDAY. MAY 2.
Thayers Sellers
Balza Nominal
Banks
1,400/5
HK. Banks stari
***
$1,410
£17
Do (London)... Chartered Banks...
KAR
144
100
£30
Mercantile Bla. "A
***
£121
Do
$109
Bank of East Asia... | #107
Insurances
Canton Ins....... 3870
North China...nila...
Union Ins.......
$460
$355
$900
$880
1.300 $460
$180
$355
***
$871
lue-more-particularly to apathy.on the part of buyers, who have on the $28. whole taken less interest, rather than to any particular selling pres- sure. At the same time, demand Advices from the Continent indie- ate little or no change in the posi tion there, but values have receded following the course of the London market, and generally speaking holders have displayed rather mOTE inclination to effect sales, The
easier conditions prevailing have to some extent been accentuated by
Options: Double £1.10.0: Single 13/-. Markets have been irregular, on
Opening. Closing. Our last report was dated the the whole rather quieter conditions April
£18.12.6 25th ultimo, and during the interval
Jur.e Have prevailed and prices, with the May
£18.12.6 which has elapsed, the April Settle-
$18. 7.6 £1813.0 ment has been satisfactorily con| exception of tin which has recover July
Turnover for the week 2,550 tops. cluded.
ed. have ruled lower, as compared Ita liquidation seems to
Spelter, after opening slightly have had the effect of strengthen with last Friday's close. ing the market and at the close Tio, after an easier opening," bas there is a good general demand for recovered, and the prices shows anrmer, has reacted and the price, all classes of securities with sub-advance of £4.9.8 for cash and gradually giving way, shows a de- stantial improvement in prices and £1.7.6 for three months as compar-cline of 2/d. to 3./9d, as compared large volume of business has been ed with our last report. Sales in with last Friday. The weakness was
the Enat during the week amounted to 1,400 tons: shipments thence up to the 7th inst, were 2,120 tons, and for the month are estimated at 9,500 to 10,000 tons. Premiums on Straits and Banka are quoted at £2.3.0 and £i vespectively. Business with con- sumers, both in this country and on the Continent, is reported to have been fairly good and rather more activity has America, where more optimistic re- ports regarding the general indus- trial situation has stimulated a little buying. The market, though
the unfavourable statistics publish- developing a rather sensitive con- dition again, is offering more resisted in America (of which we append ance at around current levels, as stantial increase in the stocks.
particulars) showing a further sub- the belief gains ground that the Shipping-Waterboats have again more depressing factors in the stiffened and are saleable at 27.situation have been disclosed and Steamboats are enquired for at 826:are already fully discounted in the Douglas Steamships are quiet but con:paratively low price ruling. steady at 822).
Moreover, consumption is on the Docks, Wharves and Godowna.-whole very well maintained and There has geen a strong and sus may indeed broaden a little for tained enquiry for Kowloon Whar reports from America would seem ves and a good many shares changed to mdicate some improvement in hands up to $160. China Providenta industrial conditions there, added were taken off the market at 25.15, to which the influence of a regh April $5.25 and 8.35. Whampoa Docks Ated output should sooner or later are on offer at 838. New Engin have a favourable effect on prices. June cerings have buyers at Tis. 8 and With regard to restriction, however, July
the position still remains somewhat "Shanghai Dacks at Tls. 127.
indefinite, but according to Press
Mar. 312.6 reports further recommendations have been formulated by the Coun-American Statistics. Tons. Tons. $741 cil and, if adopteil, would, it is Production
44.994 47,570 | T.247) estimated, make the aggregate cur- Amount shipped. 42,154, 44,243 $91 tailment something in excess of Stocks at end month 00,703 94,033 30.000 tons for the current year
Retorts operating. -57,288-50,412 Options Double £12,10.0; Single £6,10.0.
Lands Hotels and Buildings. Hong Kong and Shanghai Hotels after having recovered to a buying quotation of 812.00 have eased off to 81270. Hong Kong Lands closed appreciably higher at 875 Hum phreys Estates are to be had at 214 after sales at this rate. Realtys have advanced to 501. Shanghai Lands can be placeat Tls. 2471.
The market in the U.S.A., though quiet, had displayed an easier ten. denky, consequent upon the un- favourable figures, but the market would seem to be more particularly dominated by the control which is apparently exercised over the cut- put of ore.
Options:Double £; Single £1.
Opening. Closing. £18. 3.9 £13. 3.5 £18, 8.9
May
£19.6.3
£18.11.3
8180 801
T.127
Ta
Underwriters...... $1.25 - $1,50
M.$50 Yangtare Ins.........
China Fires -
#900
H. Fires.in
Shipping
3231 Douglases ... $21
dun
FOREIGN MAILS
道
RADIO NOTICES.
The Radio Office, where tall information concerning all 'wire lesa services may be obtained at all times, is situated on the ground door of the P. O. Building in Des Voeur Road, next to the General Post Office.
Individuals and firms are recommended to register their tele graphic address at the Radio Office. No charge is made for this.
INWARD MAILS.
T180
1460
$60
JAPAN
Steamboats w.........
143
Indos (pref).............
$50
$40
Do. (def.)
260
99/4
Shell Transports...
95/-
Water-boats
8261
Mislag
$61
Banqueta...
58/3 Kailan
T1360 Langkats (comb.) T.7 Do. (single)
Tiio Explorations..
T6.40]. Shanghai Loans
Ewor
T13.10 x rights
##:
H
USA (8an Francisco, 4th April
Horoculo, Japan & SœangsAL Докой
FROM
Prz
Don
Buzora via Negaratan (Papare only,
SHANGHAI & EUROPE TIL SIDERIA }
(London, 11th April)
Derfinger
London, 3x3 April!
Hong Bra
3rd May 3rd May
Pres. Folk
3rd May
Hatala Maru
4th Mry
Pra, Madison;
4th May
+
Melbourne Karu.......
8th May
北
*
Pres. Pierc
Angers
5th May
6th May
Taiyo aru.
6th May
Frp, of Canada... Tas Img
8th Mar
18th May
8.6. (Ban Francisco, 11th April) ESKOLULU, JAPAY & SHA GHAT JAPAN
& SKXNAI..
U.S.A. (San Francisco 10th April},Į,
HONOLULU, JAPAN and SHANGHAI -CANADA (Vancouver, B.O. 17th Apri},į B.BA, HONOLULU, Japan & SHANGHAI} Australia & Maxita
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 am. registered and parcel mails are closed at 5 p.m. on the previous day.
FOR
PXX
DATE & TIME
Raubs ****
21/1
Tronoh Mines
19/3
Docks, Wharves,
Godowns, sto
57/60
FLK & K. Wharfa.....) $157
Providents
$51
$158 $5.50
$38
F.K. Docks
Shanghai Docks...
New Engineering
897 T1271 T9.0
Straite, Ceylon, India, Mauritiu», •E.
*South Africa, Aden, Egypt and BUROPE via Marseilleo=dte Mar- sailles, 2nd June
Awatow--
Parcels only for Germany vin Manila &
Hamborg
Saturday, 3rd,
G.P.O. Beg 8.45 AM Kashima Karu < |Letters 9.30 ■ ■
Kowloons P.0.
Lat,
9.00 & M
Lushan Maru
129) P
De Finger
1.90
240
Baigon
Telemachus
3.30
***
T245 Hongkows
44
I
Tourans
Cotton Hills
Baigon ***
Straita, Ceylon, India, Maurit us, *Mom-
Vương Kong" Nanning
5.00 #
3.00
basa, Lourenco Marques and Sonth Africa
Mexico Mart
T.13 T13.40
T.77 T.73
S'hai, Ctons (old)... Do. (ANT)...
T.76
Amoy
Kingyuan
5.00
1.76
Prex, Polk
5,00
Manila
Tio Zoong Singe
T9.70
Sonday,
Landa, Hotels and Building
Shanghai and Dalny...
Bwatow, Amoy & Formoss
· #Swatow & Bangkok
Saarbrucken Hozan Maru Kwangchow
SCO AM
9.00 A
9.00 A
($12.80 $74
H.K. & S. Hotels...
812)
H.K. Lands
$753
8740
Shanghai Lands ....
8.70/9
H.K. Realtys.*
$94,
89/.20
314 814 598
Humphreya
8143
Chinese Estates
Public Utilitlas
CHILDREN OFFERED FOR SALE.
3201
20.40/3
Tramways
Straits, East Africa via Mombars, Tours)
epco Marques, South Africa & South American Porta... Swatow
Japan, Honolulu, Carada-U.S.A., C. & S America & EUROPE via San Fran cisco due San Francisco, 29th May ́....
Shanghai and EUROPE via Siteria Foodbow Manila, Australia and New Zealand via Brisbane dae Brisbane, 19th May ...
Foochow & Wei Hai Wei va Swatow
8.00 |Parcels---3002M
Pres. Madison...Reg.
4:13 PM Lettera" 6.00 F »
5,00 Begi Listiare
6.00 PM 3.30. 4.15 PX
3.00 *
Oth
Monday,
5tb,
Hakata Mor
10.30 A M
Hydrangea
£18113
£18.16.3 £19.15.0
Turnover for the week 2,823 tons.
Feb.
FATHER WILL SELL AT
£30 EACH.
Closing. Opening... 2162.19,6 £167.10.0 Cash Three months £164.10.0 £169.10.0-) Turnover for the week 3,400 tons. Copper has ruled weak, the price showing a decline of £2.7.6 for cash and £1.15.0 for three months. The comparatively little interest taken by buyers in the near position has resulted in a further contraction of the backwardation, now only 25/ as compared with 37/6d. last week, The easier conditions prevailing may in a measure be attributed to rather less favourable reports from
The Society for the Protection America, where a further increase of Children reports positive cases ments (Combined) stiffened in the in the stocks in generally anticipat- which have come under its notice, ed, and where it is rumoured that
Public Utilities. Hong
Kong Trams have been the medium of a large business and after transactions at $21.80 have since weakened to 8201 Hong Kong Electrics have shown renewed strength and are now in request at 874. Star Ferries are firm and have advanced to $70k China Lights have improved and have buyers at 8252 and 9904 for Old and New sharca respective- 1. Telephones were booked at $19.80 and $12.00.
Miscellaneous-Green Island Ce-
Economic distress in some poor parts of Silesia is so great that T.19 parents sell their children to pro- vide means for keeping themselves alive.
One father (the society reports)
the circumstances. there is little £30 each.
early part of the week to 8104, but their constant accumulation is caushad offered his three children for 816.30 subsequently receded to $16.30.
ing uneasiness. 3leanwhile, under Dairy Farms were placed at the enhanced rate of 224 Hong Kong Ropes are enquired for at 88. Benguets were dealt in at 86 and there are more buyers at this rate.
Kailans have fallen away to 58/3.
Watsons" fetched 811.
confidence in the future and buyers
Another had effered his four-
The latter transaction, however, was prevented by the intervention of the police.
are content to provide themselves year-old daughter to a firm of with only their immediate require- furniture dealers instead of the menta, in the belief that eventually instalment that he could not pay. the price of Electrolytic, still main- tained at 16.30 cents c.i.f., must be Cotton Mills-Ewos were nego-reduced and brought more into line tiated again at Tis. 13.35 Shang with existing economic conditions. hai Cottons have buyers at Tis. 77
Options:Double £4.5.0; Single and Tla. 7 for the Old and New. shares respectively.
Rubber-The following are the latest cabled quotations received. fromp Shanghai-
Anglo-Javas
A
24.15/25
$194 3732
$11.65 Peak Trams (old)... 811 $6,05 Dr. (new)....85
Star Ferries 876
C. Lights (old)...... $243
Do. (new)... $19
B.K.
Electrica
Macao do.
****** $73 $74
Bandakan Ligita vi.
Telephones......
China Buses
Tractions
Do. (pref.)......]
Industrials
10/-
18/6
7.10
Caldbeck, (ord.)
T.10
$21
916,20
T
Macgregor (pref.)
Canton Ices
Cements (comb.)...
Do
(old)...!
Do, (new)...
Miscellaneous
Dairy Farme
Der A. Wings... Amusements .......................
$1.10 Constructions....
Lane Crawfords Macintoshs Nanyang Tobacco...
813
$20.45
$20.50
-$77 24.10/ 251.
Pres. Madison... Luchaw
Melbourne Maraetore
Reg
Tuesday,
8731
Buichowo
9,33
M
Fort Bayard, Hoihow, Pakhoi a Haiphong Tonkin
1930 M Kowloon P.O.
saigon, Strails, Ceylon, India, Maurities,
Reg.
1,00 P
doe Maraetiles, 7th Joue
Egypt & EUROPE via Bareilles
haat and couth Africa, Aden, Angers
Laiters
1,00 N
e.P.0,
Bag. L-tera
1,45 PM
8,30 PM
PongTM Tong
3.30. PM
Saigon
Prea Fierce
430 *
Manila
Swaton.
Fatshing Taiyuan.
Wednesday, 7th,
Thursday, 8th, Parcels Noon Letters
2.30 AM
8.30 r
ច
51.30 16.30/40
8111
$11
Amoy
341
$6.15 Ropes
$8.10
$0.80
Ching Sugars
+
897
Malabon Sugars ...
829
Straite & Calcutta
***
$5
United Asbestos
***
Mall.
Buyers.
A workman in a small Silesian town had offered any one of his £2.3.0.
nine children to the highest bidder, Opening. Closing, and in his letters to likely pur Cash.
£69.00.0 £07.10.6 chasers he landed his children's Three months $67, 5.0 £66. 5.6 qualities and capacities. as if he
Turnover for the week 2,575 tons. were doing real business.
23.45823.70 $0.80
$23.4032160
Swatow, Amoy & Foochow Amor
$29
$30
$1.20
$3.30
$31
$19
$12
Sinceres (old)...
811
Do. (new)
| 810.19
.Tls. 7.15
$11
"Watsons *****
3.75
$2.85
Wm. Powells
$21
0.05
B. Ind. G.8 Bonds...| 637
811.40
Japan
1.15
5%
prem. cx intụ
9.45
1.80
1.05
1.03
1.83
0.00
rate
on
WEEK DAYS.
SUNDAYS & HOLIDAY!
Shanghai & EUROPE via Siberia
FOR
FROM G.P.O.
FROM SHLUNGWAN BRANCH PO.
Frox G.P.O,
FROM SHEUNGWAN BRANCH P.O.
1
Kutsang Emp. of Canada.
1.00 IN
5.00 z x
Friday,
1.00 M
Haiching.... Yumsang...
Straits, Ceylon, India, Mauritius, E. & §.
"Africa, Aden, Egypt & EUROPE via Kaingar
Mareilles due darseilles, 7th Jane
Japan, *Canada; *U.§‚A., *C.&*8. America'
Tyndareus
& EUROPE via Victoria, B.C,Praa. Pierce due Victoria B.O., 31st May .......
Bib,
4.00 IM
Koraloon P.O
4.307 N
Parcels He, 10th 9.00AM Letters 10.00 AM 0.2.0.
Par., Oih, 5.07 Y
| Reg. 10th,9:45 ▲ M Letters 10.30 a je
Saturday, 10th,
10.00
oday, 12th, cel
3.00 2
Reg. 4.15
Petters 5.00 ม
Bag
5.0 PM
Prov. Pierce
Letter
6.00 PM
Tuesday, 13th, Koticon F. O.
4,30
Anglo-Dutch Batu Anams Chemors Consolidateds Kroewoeks Repahs
Tanah Merahs
Tehangs
Ziangbes
Exchange. The
LT.
London is 1/6 and on Shanghai 783.
Forward Settlement Days-May
27 and Juno 24.
EXCHANGE RATES.
[BRITISH WIRELESS BERVICE.]
Paris
New York
Brussels.
Geneva
Amsterdam
RUGBY, May, 1.
123.93
4.86 3/32 34.635
12.07
-AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor- respondents, Messrs. Hayden, Stone & Co. of New York, by Measra Swan, Culbertson & Fritz, Sassoon. House, Shangbai, (cable address: "Swanstock," Shanghai), who are not responsible. for cable- mutilations:-
Tune of Market-Weak.
No. of Shares donië-4,300,000,
Call Mancy-4 per cent.
American Smelting
Anaconda Copper Baltimore and Ohio Borg Warner
Chrysler Motors
City Service Common
H.K. Goyt. Loan ........ 8104 ex div.
LOCAL AND REGULAR OUTWARD MAILS.
57.16.& 18.00 Puted.
7.30 n.m.
17.00 p.m.
Kongmoon (except Faturdays) 8.00 p.m. Haukong (except Saturdays)...
(7.15 m.) (7.30 am.&
Straits, Ceylon, India, Mauritius, E. & B.j.
Africa, Egypt & EUROPE is Mar- Patricius seilles-due Marseilles, 11th June om!
5.00 p,m
Sundays
(5 pm only
7.00 p.EL
Sundays
7.00 pm
Lonly
(7:35 km. & 17.30 am, &
1.30 n.. Sundaya 6.80 Lonly
1.1 p. Sundays B.15.m. only 6.00 pm,
47.16 =r. & f TÁO B 1.1.15 pm..
{1.80 p.m.
8,00 p.TM,
6.00 p
7.15 2.m.
7.15 A 9.00, m
9.00a.m.
1.00 6.M.
€ 9.00 a.m. &
{8,00 p
0.000
110.
NEW YORK, May 1, 1930.
Last Dividend...
Latest Sales.
Canton
59
112
40
| Macno & Tulasken
35
25.075.!
Curtis Wright Common
Eastman Kodak
30c; None 8B
Milan
$2.78
Electric Bond, and Sharo
BC
Berliner
20:365
Erie Bailroad
None.
Fatahan (By Train)
Stockholm
38:09
General Motors ------
47
Tat O
90
Copenhagen
18.145
Tai Po
Oslo
18.165
Vienna
34.65
Shumchun
Athman
Prague
Helsingfors Madrid
Lisbon *****
Bucharest Rio
Bombay Shanghai Trong rong Tokohama
Silver (spot). Silver (orward)
1649
193
Cheungchow
Ahardonth
Radio Corp
None
1/8 27/32
Sears Rooback & Co.
Missing
1/107 (1/61/16/
2/01 19
Simmons Co.
45
Stanley Autan, Pingshan, Santia,
Shatz, Shatankok and
8.00 p
Standard Oil Co. of New York.
1.80
Shengshui
Union Carbide and Carbon.
2.60
Balkong...
4.20 p.m
U.S. Rubber
None.
30
/Hamban, Shekk! & Taiping
*7.00 px,
10 7/10
United States Steel
180
(Taman)
-39,205
109.30.
General By. Signal ................................. Gold Dustytingermann Goodyear Tire and Rubber Granby Consolidated Hudson Motors ........ International Cement International Nickel Montgomery Ward. Noseda Loneclišated....
· 6.00 pm,
Reg.
Letters 4,30 g
G.P.O.
ROZ. Letters 6.60
-5.00 PM
rscribed com
only.
3.00 p. (12.80. p.m. & 4,30 pan
Saturdays 100 p.m.: 4.20
(11:00 am
& 430 pm.
8.00 pm.
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$3.75
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