and Markets
Money and
HONG KONG SHARES.
BENJAMIN & POTTS' WEEKLY REPORT,
Messrs. Benjamin and Petts, local share and general brokers, in their wackly share report dated yesterday
state:
•
"The local market continues active
THE HONG KONG DAILY PRESS SATURDAY, MAY 10, 1930.
Options-Double 4.3. Single DAILY SHARE QUOTATIONS.
£2.6.
Onening. Closing. Cash
£67 (nom) £39 · Three Months £6113
£35.17.8 Turnover for the week 6.823 tons. February March American statistics. Tons.. Tons. Buyers. Production
121,000 127,000 Exports 30,000 31,000 Domestic deliveries . 82,000",-74,000 Refined Stocks ..... 233,000 256,000 Blister Stocks 203,000 207,000 port under date London, AprilLead has been quiet, the tendency
METAL MARKETS.
Messrs. Rudolf Wolf & Co. re-
17:
Marketa have displayed an ensier tendency and prices are all lower as compared with our last report, The Budget which was presented on Monday, inflicting a further burden on the already harassed tax- payer and making at the same time in all departments and shows ano, provision whatever for those rising tendency. During the past economies which are so definitely week there has been a further ex- cential to the present situation, pansion of business and price gen- did not inspire confidence; on the erally show an appreciable improve contrary much dissatisfaction was
The ease in the money felt. market continues, and the outlook is very encouraging.
ment.
has been easier and prices are 6/3d. to 7/8d. lower as compared with last Friday. The market presents no fresh, festure of importance; domand on the part of consumers is disappointing, both in this coun try and on the Continent, and sup plies are more than ample to meet all requirements. Reports from America moreover, where domestic demand has given some evidence of slackening, are at the moment not too reassuring, and the weaker tendency there has had a depressing influence on the London market.
Options-Double £1.10. Single
15/
Tin, after a weak opening, has Banks.-Hong Kong and Shanghai remained comparatively steady but, Banks were booked at the outset at failing to recover, the price shows
a decline of £2.10 for cash and April 81,410, but subsequently dropped to 31,300, in sympathy with the for three months as compared decline in London rate to £113 with Friday's close.. Sales in (Middle). At the close the market the East during the wrek amounted to 1,100 tons; shipments thenes up has recovered somewhat and buyer to the 14th instant were 4,105 tons, prevail at 81,405 with a sale re and for the month are still estimat ported at 81,410.
June July
Opening: Closing.
£18.13.9 £18.6.3 £18.13.9 £18.6.3 £18.13.9 £19.0.3 £18.15.0 £18.7.8 Turnover for the week 1,050 tona. Spelter has been easier, the price.
little
ed at 9,500 to 10,000 tons, Pre-showing a decline of 7/68 to 3/9d. Marine and Fire Insurances-miums on Straite and Banka are as compared with our last report Unions rose to $473 but have since quoted at £2 and 6 respectively. The market presents no material been sold at: $465. Cantons have Business with consumers both in change; trade demand is quiet and strengthened and were placed at this country and on the Continent buyers on the whole have not dis- 2000. Hong Kong Fires were realis has been quiet, and only very played a very active interest, but ed again at 8000. China Fires are moderate business is reported from at the same time there has been no still in requent at $385, while China America, where buyers have per real pressure to sell, for to-day's Underwriters are firmer at $1.60...
haps been disturbed by develop-level leaves little possibility of fur- Shipping.-Waterboats showments in the Copper situation. The ther important decline and therefore further rise and are in demand at market on the whole presents a does not offer much incentive to 220).
Canton and rather stendier appearance and for sellers. Hong Kong, Macao Steamboats are a shade the moment at any rate gives little Reports from the Continent are lower with no buyers over $95. evidence of developing further quiet and apart from a Douglas Steamships remain steady weakness, for the possibilities aris-liquidation and selling from time ing out of a restricted output, and to time, holders are for the most at $220.
Docks, Wharves and Godowns. the hope of a gradually improving part content to wait for an im- "Kowloon Wharves have taken a consumption, exercise a restraining proving demand. The market in further spurt and a large business influence on sellers. Confidence may America remains quiet, but the was transacted at rapidly advancing now be gradually restored, and imtrend of prices has been in a down- * rates up to $172. China Providents proving sentiment may bring aboutward direction.
were bid up to 88.15. Whampoa moderate advance in price..
Options-Double £14, Single £7. Dacks are to be had at $38. Hong- kew Wharves were negotiated at
Opening Closing, April
£18.02.6 £17.16.3 the improved price of Tls: 230 and Cash
£163
£165
May £18.00 £18: 0.0 continue in
Shanghai Three months request.
£167 £18r.3 June ............... £18.11.3 £18.03.0 Docks have hardened and can be
Turnover for the week 1,800 tons. July £18.16.3 £18.08.3 placed at TIs. 135. New Engineer-
Turnover for the week 2,600 tons. Copper has seen at the price ings are enquired for at Tis. 9.
showing a heavy decline of £8.10 for cash and £7.1.0 for three months The American statistics published on Monday were distinct- ly unfavourable, showing a further
109
SHAREBROKERS ASSOCIATION.
HONG KONG STOCK EXCHANGE.
FRIDAY, MAY 9.
Engers Ball
“
1.100
$25+
$291
Ballara
$1,410
HH!
111111
D
10111
#****
Baniz
FK Bants
Do. (London)** Chartered Banks Mercantile B's "A"
THE
#
FOREIGN MAILS
RADIO NOTICES.
The Radio Ofoe, where full information concerning all wire- less services may be obtained at all times, is situated on the ground floor of the P. & O. Building in Des Voeux Road, next to the General Post Office.
Individuals and Arms are recommended to register their tele- graphic address at the Radio Office. No charge is made for this,
The Parvel Pest Service to Kwangai with the exception of that to Wu- chow, Kwallin and Pinglo, is suspended until further notice.
INWARD MAILS.
FROM
PXB
USA (Scattle, 11th April); CANADA,) Japan, Nhanghai ✯ KUBOPE vĩn
Siberia (Landos, 20th April)....... SHANGHAI SWATOW
STRAITS
AMOT & SHANDBAL
$1,400
£113
MA
£17)
£18
230
£12
Do.
£15
Bank of East Asia... $112
Insurances
3805
Canton Ins. $975 Underwritara
$1.60
North Chins
T160
$470
M.350 Yangtze. Ins..
China Fires
order
$355
$900
H.K. Fires
3900
MANILA
STRAITS
Shipping
AUSTRALIA & Manua
$931 Douglases
331
Jaban & SELKOMAI
Steamboats
$26
JAPAN -
$13
Indoa (pref).
歌曲官
$40
Do. (dof.)....
***
90/-
Shell Transporta ...
Water-boate
$261
$475 Union Ins. *******
$4,30
38,9
.T.S
T280
||
Options-Double £2, Single £1.
Opening, Closing.
T13.40
T79
T.78
Mining
Banquets....
Kailang
T1a10, Langkata (comb.)...
T.7 Do. (single) T1.15 Explorations..
T6.66 Shanghai Loans
Rauba
Tronoh Mines
Docks, waarvES,
Godowns, etc.
$213
144
2004
**
31/-
SULUH
#
Tur
T.14
BATAVIA
Thikarang Frex Pierce
Alipore
Duz
10th May Pres. Jaction (Ship due 9th, 6 pm.
Suschurn ... Talamba
10th May
11th May
11th May
19th May
yibadak
18th May
Taiping
18th Mar
Falcond Mor
16th Maz
Kaya Haru
19th May
Pros. Taft
19th May
Olickibu Maru
20th May
U.B.A. (San - Francisco, 15th April),"
Honolulu, Japan &" SHANGHAL
U.S.A. (San Francisco, 16th April),
HONOLULU, JAYAN & SHANGHAI
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
PER
DATE & TIME
Africa, Aden, Egypt & EUROPE vin|| Kaiħgar Marsoilindus Marsailles, 7th June)
Saturday, 10th,
8,90 & M *Kowloon 1.0.
9.00 AM
Bog
Letters ·10:00 A M
.G.P.O..
Bog 9.45 AM Letters 10.30
9.00 AM -10.00
10.00 AM
8171)
6
T.135
172/91 $8.10 6/6.15 $33
HK. & K Wharfa... $171)| Providente
H.F. Docks
Shanghai Dooks....
3172/1 „$5,95 || $6,10;|| 6,8 ID]
T.129
Hoihow, Pakhal & Haiphong
Aunch
Straits, Ceylon, India, Maurities, E. & S.
New Engineering
T8.05
***
Hongkews ......
Calcutta' via Straita
Dotton Milla
Ewa".
T.13 x rights
... Taklison Shanghai, Japan & EUROPE via Siberia Anive Тарад
Tyndareus
Shai. Ctons (old).
Do. (new)..
T.76
Samahni & Wuchow
Kochot
4.00 x
176
T9.70
Shanghai, Japan, Hoeciula and "San");
Francisco-duo Saz Francisco, 4th Jaso & KURUPE via Siberia
fog.
415 PM
Taiyo Maru
Letters
8.10 PM.
Manila
Lands, Hotels and' Buildings
Amoy
Pres. Jackson Anting
4.30 P N
5.10 M
$13
$771 T.965
$77/8
H.K. & S. Hotels H.K Lands
$13.10 $13.20
Sunday, 11th,
*Swalow & Foochaw.
Chip Shing
Shanghai Lands
AFTERMATH OF S.M.C.-
"MAY 30 GRANT-
811
H.K. Realtys
314,20
Humphreys
$77
370.00 $14.
3771
Swatow, Amoy & Formosa'
9.00 & 1
0.00 a
B10.70
Bangkok via BwaLow ...
9.00 M
$98
Chinese Betates
10.30
.300 r.
Farther reactions of the pay- Council of the grant of $150,000 to ment by the Shanghai Municipal the relatives of the victims of the incident of May 30, 1925, are re- ported in the Chinese press, where it is stated that a lawsuit is now being brought over the question of distribution of funds.
T10 Zoong Sings
$20.30
$114
8111
26.05
$70
$792/0
$272 $21.90
76
823
8135
1.19
This action, it is said, is being brought in the Shanghai Special District Court by one Loo Wen- laung, stated by the China Times to be a coolie of the Moon Palace cafe, against Woo Zang-sung, Chairman of the Association of Relatives of the May 30 Victims, $16.10.
811 for having misappropriated a sund of $1,760 to which plaintiff claims ho is entitled by the death of his brother, Loo Wen Chao..
Lands Hotels and Buildings Hong Kong and Shanghai Hotels changed hands at $12.70 to $13.25. the market closing with sellers at the higher quotation. Hong Kong substantial increase of 23,000, tous Lands were active and finished up in the stocks, but the feature of the with buyers at $78. Humphreys week was the drastic cut in the ACTION IN SHANGHAI COURT. Estates are higher and are in de-price of the Copper Exporters' mand at 8141 ex the dividend of 8 Association, which was reduced on cents just paid. Recitys have had Tuesday in New York from 18,30 smurt rise to 811. Shanghai Lands cents to 15.30 cents c.i.f. Continent have advanced to Tis: 270.
Rumours of an impending reduc Public Utilities.-Hong Kong tion were current earlier in the Trams after weakness have again week, and the price of Standard strengthened; sales taking place at bad already appreciably fallen, so Szoi. Hong Kong Electrica were that Wednesday's market was not booked at various rates up to 878). as it would otherwise have been, Star Ferries have been dealt in be and the further decline amounted tween 970 and 880. A large busi-to only 24.15 to Es, the market re ness took place in Chinn Lights and ceiving an active measure of sup. further improvement in price has port by reason of the bear covering "been established, sales having taken which took place. The prices of place up to 827) for the Old and Electriolytic and Standard bear ses for the New shares Telephones now a more reasonable comparison, Peak Tramslut so far it is difficult to determine advanced to 813). (Old) fetched 2111.
what effect the action of the Asso- Miscellaneous Green Island Ceciation will have on the future of ments (Combined) were sold down the market, whether it will produce to 916 10 but there are buyers at on active buying movement on the the close at $101. Dairy Farms part of the trade, or will consumers have further advanced from 24 to await the course of events? It $26.15 with sules at intermediate seems not unlikely that the redue rates. Hong Kong Ropes have tion has been delayed too long to firmed up to $8.60, Lane, Craw-produce immediate response on the ford's were put through at the en- part of buyers; and some time must hanced quotation of 34. There are elapse before the statistical position buyers of Hong Kong Amusements reflects the improvement which the at 829 and Constructions at $1.40. lower price is calculated to bring Hong Kong Government Loan about. A recovery in the price of changed hands at 7 per cent. pre- Electrolytic can scarcely be con- mium Bengucts are enquired for templated, and therefore sustained nt 80.80. Kailans have announced a advance in the price of Standard distribution of bonus shares (£1 scenis unlikely. ench) in the proportion of 2 new shares" for every 5 old. For this New Issue, the sum of £500,000, being undistributed profits and reserve of the Company, will be capitalised. The shares are now quoted ex rights, the London price. being £1.18.0.
Cotton Mills.-Ewes have harden- ed and are enquired for at Tla. 13). Shanghai Cottons closed appreciably higher at Tls. 70 and 78 for the Old and New shares.
Rabbers. The following are Intent rabled quotations recen from Shanghai.
Anglo-J
Anglo-Latch
Batu Anamns
$20
Public Utilities
Tramways
Peak Trams (old)... $11
Do. (new)... $5
Star Ferries
C. Lights (old)...
Do, (low)..... H.K. Electrics Macao do:
Sandakan Lights... Telephones
China Buses int Tractions,
Do. (pre).....
Industriala
320.20
880
muung
S
Hakotaki Bydrangea
Pres. Purce
Shanghai Sabow Japao, “Canada, #*U.SA, *C&*S:America”
EUROPE via Vioteris, BC,- due Viororia B.O., 31st May ...
Shanglaï & RUROPE vis Siberia
Manila
swatow, Amoy and Foochow
Australia (except placer North of Brie- bane), and New Zealand via ringapore and Bristanede Brisbane, 3r June Saigon
Straits, Cuylon, India, Mauritius, E. & §.,
Africa, Egypt & EUROPE via Mar- seilies--due Mazzefilos, 11th June
Clanton Maru Kalgan..."
Tarang
Patroclus connecting with
8.4 Views tol and at S'pore.. Olara' Jebien
Monday, 12th,
Parcels
Bang
3.00 M LibPM
Letters 3.00 P MÌ
Beg 5.00.2 M Letters 6.00 P
Tuesday, 13th,
Beg. Le term
1030 X
4.30 Kowloon P.O.
Reg.
Letter
4,30 :
4.30 PX
1. G.R.O
.5.00 PL Letters 6.00 PM
***
1
T10.70
Caldbeck, ́1(ord.).
2.11
Macgregor (prof.)
$2
Canton Ices
Cementa (comb.)... $18
Do (old)...
341
Do. (new)...)
$8.65
Ropes
$9.40
$1
China Sugars........
$27
Malabon Sugars
United Asbestos
Miscellanebus
$26 $0.80
$25
$26.20 $26.10
Dairy Farms.... Der A. Wings
$254
$26
$291
Siralte & Calcutta Sandakan
$1,40
21.20
$3.86
$12
E
It is alleged that the Association, having received the compassionate 85 grant from the Shanghai Municipal. Council, distributed 82,000 each to the relatives of the deceased and 8500 cach to the wounded, but that Woo Zang-sung paid only 8240 to Loo Wen-zung, saying that his deceased brother was entitled to 8500 only and that from this $19 amount $280 had to be deducted for expenses incurred by the Associa
tion..
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 Messrs. Swan, Culbertson & Fritz, Bassoon House, Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:-
Tone-of-Market-Irregular
No. of Shares done.-3,500,000.
"Call" Money.-3 per cent.
Buy.
..Tls...
4.00
0.70
American Smelting
Chemors
1.15
Consolidateds...
70
Kroewocks...
1.65
Repahs
1.10
Tanah Meraha ..........
1.10)
Tebongs
1.90
Zinngbes
0.50
Exchange.-The T.T. rate on Lon-
don is 1/5.6-186 and on Shanghai 78). Forward Settlement Days.-May 27 and June 24..
Tourists may soon rent rooms in the famous old Habsburg castle the Villa Wartholz, nt the foot of the Rax mountain Vichia THIS beautiful 'imperial: homo has just been rented, and will soon be open- ed as a pension, Karl, the last Austrian Kaiser, puce lived in the -Wartholz." Otto, his eldest son- new called "Emperor""" among the Habsburg imperialists was born in the imperial villa:
Anaconda Copper ............. Baltimore and Ohio' Borg Warner .............. Chrysler Motors ..... City Service Common
68. 8%
prem
NEW YORK,
Last Dividend.
Latest Sales.
Canton
00
Amusementese Constractions
Lane Crawfords... Mackintosha.....
Nanyang Tobacco...
Sinceres (old)................. 811
Do.. (new) 810.40 Watsons .................... 8114 $23*
$114 82.85 Wm. Powella.....................
B. Ind. G. Bonds...] 857. H.K. Govt. Loan ... $104
LOCAL AND REGULAR OUTWARD MAILS,
WEEK DAYS,
SUNDAYS & HOLIDAYS
FOR
FROM
FROM
驚心话
SINUNGWÀN
G.P.O.
BRANCH PO
0.2.0.
FROM
BRUUNGWA
BRANDE
"P.O.
Handaya
7:00 pm. only
1.30 LE
8.901.11.
only 6:00p.m.
·6.00 patt
Patroclus
Ohakeang Kwenyang.. Tanas
Bosang Hansong
Strait, Caylon, India, Mauritira, E. &
South Africa, Aden, Egypt a BUROPE via Maranfiles-dne žar. selles, 16th June
Hakone Moru...
Euisang
Bwatow Hoindw Amoy
Shanghai, Japan, Canada. 9A, C
-&-, America & aŁUROPE via Van.
courer, "B.C.-due Vancouver, BC,{ 30th May. Europ- via Siberia
Amoy
Manila, Australia and New Zelând via Thursdayland- due Thursday Laland, Sirt May
Manila Australia and New Zea'and vin)
W.doorday,
15th 8.30
10.3
8.3J P.
Parcels 500 Emp. of Canada Thursday, 15th,
9.15 M elters: 10,00 R
Thursday, 15th,
Thursday Island - du Thursday Kaga Maru Laland, 2nd June-
**Superscribed" correspondenca, onty.
Parcela Noon
Letters
1.30 M
Friday, 16th,
Kowloon P.O Beg. 4.30 M Letters 4.80.2
G.P.Q.
5.00,
Rog Letters 6.00
Monday, 19th, Parcals 5.00 é ú Beg,201,3.45 K Letters 10.30AM-
Tuesday, 20th
Reg. 8.45
Letters 9.20.
(7.16 m. &3 7,30 a,in, 16.00 pm. 17.00 pm.
77.15 am. 4), (7,30 %, &
5.00 p.m. 17.00 p.in. Sundays (6 p.m. only
f7.18 am, &) (7.30 μm;
1.15 p.. Sundays 8210
only 6,00p.m.
BEFORE YOU
FORGET
Send your Overseas Address to 11, le House Street, and order the Weekly Preks to be sent to you for
Three Months
Six Months
9.00 A.
$.00
11.02
$11,00a.m.
Macao & Trinatan
ƒ/7.16 am, &$7,80 2.12.
1.15 pm.
11.30 FM
30c:
Curtis Wright Common
None
Kot gmoon (except Saturdays)
·6.00 p.m.
6.00p.m.
Eastman Kodak ...................
8B
Kankang (except Satur
6,00 p.m.
Electric Bond and Share an
80
Eric Railroad
Ione.
Fatsban (By Train)
7.15.
7.15.
General Motora...
Tai O
9,00 s
General Ry. Bignal......
{& 4:30 pm).
None
Aberdeen Stanley..
4.30 p.m. 8.80 $0.
8.30 ..
1.00 pm
2)D
Autan Pingshan, Santin
at
Shatin, ; Slaterkok - and
Standard Oil Co. of New York
1,60
Shapingabul
Union Carbide, and Carbor
2.60
Saltung...
4:30 pm
1.00 pm,
$10,500
4,30 pm
Namian, Shakki & Taipiz
7.00 p
U.S. Rubber die
None
United States Steel
Gold Dustcoining Goodyear Tire and Rubber Granby Consolidated. Hudson Motors International Cement International Nickel Montgomery Ward-w Nevada Consolidated Radio Corps Sears Roebuck & Co. Simmons Co
(Fumun)
9,00 ... 8,00 p
0.00 Am.
8.00p.m.
12.30 p.m. &.4.30 Saturdays $1.00 p
Twelve Months
3.75
$7.50
$15.00