12
Money
and Markets
„BANK NOTES AND SPECIE. SHARE DUMPING IN NEW
Returns of the average amount of banknotes in circulation and of specia and reserve in Hong Kong. during the month ended May 31, 3020, as certified by the managers of the respective bankä:-"
Specie Banks.
Average in .Amount. Reserve.
Chartered
Bank of Initia, Aus
tralia and
China 18,363,378 7,800,000 Hong Kong
and Shang-
hai Book.
YORK.
(REUTER'S AMERICAN SERVICE)
NEW YORK, June Following many weeks of listless operations, the prices on the Stock market crashed down yesterday, and stocks gave way before a persistent
bear pounding.
A huge volume of "stocks was dumped on the market, whose turn. over totalled 9,483,000 shares in a two hour session of furious selling. A number of issues fell seven pointa, while other more volatile stocks recorded spectacular losses.
One of the most unsettling de- velopments was the announcement ing, Corpn. 68,784,750 40,000,000 that the Exchange and commission. Mercantile
Bank of
India, til 2,383,391 1,000,000
Total......880, 501,750 $57,500,000
EXCHANGE RATES:
DALTTSH WIRELESS.SERVICE.]}
ed the Radio Corporation to omit their quarterly earnings from their statement in view of the difficulties presented by capital changes.
| Wall Street during the past week Kas been flooded with bearish rumours, which have helped to bring on today's' rush of share dumping.
Prague
1847
Paris
Rucox, Juhe 7.
•-193.50
Helsingfors
· 1923
Madrid
40.073
New York
4.95 27/32
Lisbon
108.93
Brussels
34.915
Athens...
373
Geneva
23,10
Bucharest
818
Amsterdam
12.03)
Rio
5 31/64
lifer
05.76
Buenos Aires
Berlin
20.363
Bombay
18.103
Shanghai
Copenhagen
18.163
Hong Kong
Osk
19.135
Tokobama n
Vienna
34.45
Silver (spot)
163
(Continued on next Column.)
Silver (forward)
16 8/10
Stockholm.
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
49 13/16
.1/525/32
1/74
1/41
2/0 13/22
The following quotations have been received from their cor- respondeats, Messrs. Hayden, Stone & Co., of New York, by Alessen. Swan, Culbertson & Fritz, Sassoon House, Shanghai, feable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:--
Tone of Market-Weak.
No. of Shares done inillion.
Call Money-3 per cent.
American Smelting
Anaconda Copper ...
Baltimore and Ohio.
Borg Warner
NEW YORK, June 6, 1930.
Last Dividend.
Latest Sales,
ΤΟ
50
111
37
Continental Oil
26
City Service Common
30c, A
31
Curtis Wright Common
None
Eastman Kodak
8B
235
Electric Boud and Share
100
Erin Railroad......
None.
General Motors
General Ry. Signal
Gold Dust
Goodyear Tire and Rubber
Granby Consolidated
Hudson Motors........
International Cement
International Nickel
Montgomery Ward
Nevada Consolidated Coppet..
Radio Corp.....
None
Seara Roebuck & Co.
2 D
Simmons Co.
3P
Standard Oil Co. of New York.
1.80
3.5
Union Carbide and Carbon.
2.60
U.S. Rubber
None.
United States Steel
167
42
Missing
HONG
KONG DAILY PRESS, MONDAY, JUNE 9, 1930.
AMERICAN COTTON
MARKET.
STATE OF EMERGENCY. EXISTS.
DAILY SHARE QUOTATIONS.
HONG KONG STOCK EXCHANGE.
SHAREBROKERS
ASSOCIATION.
Врата
Ballers Bu ||Nominal
SATURDAY, JUNE 7.
Buy Bean
Bales Nomina
(REUTER'S AMERICAN SERVICK.]
£17
*
£12
$131
Banks
H.K. Banks
$1,510
£100
**
Do. (London) -
**
8172
Chartered Banks...
D
Mercantile Bks. “A”
FOREIGN MALS
HADIO NOTICE.
Individuals and frims are recommended to register their tele- graphic address at the Radio Ofice. No charge is made for this.
GENERAL HOLIDAY,
On Monday, the 9th iust, the G.P.O. "will be open from 8 am to noon, Kowloon Branch Post Ufa from 8 am to 11am, and other Branch Post Offices from 1.9.
This will be one collection from the pillar boxes, oso delivery of ordinary sorre pondence sa on Sundays, and one delivery of registered cor
undenes s 9,0,
The Money Orler Office will be entirely closed
INWARD MAILS.
£12
Do
»
$121
Bank
of East Asia...
FROM
PTE
Dux
Insorszoos „
SHANGHAI & AKOY
Teisan
8th June
$950
Canton Insurances, .
5800
STRAITH
Shirata
for
9th June
$3.15
Underwriters
$2.86
STRAIN
1.160
North Chinas...
T160
Toyotachi Haru.
$h Juns
$475 478/80
Union Insurances ?.......
$478
$480
M.850
Yangtare Insurances
560
A1 (Ban Francisco 17th, May) MARIL
USA HONOLULU, JAPAN and SHANGS |
it
***
Tatsuta Maru
9th June
**
14
3400 9056
China Fires
400
Buk J.
19th June
B.K. Fires.
$960
||
ཟ་་
11th June
10th Jane
STRAITS
J0th June
+
10th June
lith Jens
1st Juna
13th
Bus 13th Jua
NEW YORK. June 8. Arting on the advice of the || $1,543 Cotton Advisory Committee that an emergency existä in the Ameri- can cotton market, the Federal Farin Board announces the im pending formation of a Cotton Stabilisation Corporation, similar to that previously formed wheat.
It is understood that the Cor.. poration will take over that por- tion of the 1829 crop surplus now held by co-operative associations
NAVAL NEWS.
H.M.S. Poseidon, the second of the six submarines of the 1927 pro- gramme, has now been completed by the Vickers works, Barrow, and is ordered to Campbeltown for trials. The Proteus was due. for completion Inter in May, and the Pandora, in June, which will complete the Vickers-Armstrongs part of this programme. The Phonix, at Bit- kenhend,
due for delivery in August; and there only remains the Parthian, at Chatham Dock- yard. These aix vessels of the "p" class are intended for service on the China Station.
is
$23
Bel
188
Shipping
BU
Douglases.........
$23
Steamboats
$251
$43
Indos (pre)
$40
Do. (def.).........
90/3
Shell Transports
$33
Water-boat
Mining
Benqueta.....
+1/3
Kailans
T1310 Langkau (comb).
Do.-(single)
Godowns, etc.
$-43
$40
983
Aversalia, and Maxıla JATA
-
JAPAN & SHANGHAI...
MANILA
BATAVIA
JAPAN...
Buzora via NEGApanam (Letters only"
London 15th May)
ЗАРАМ and SeasonAr
Prez, Jefferson
...Ohangla
Tiiteboot
...Sado Maru
J.S., Hanolulu, JAPAN AND SHANG- HAI (San Francisco, 16th May)" ". LONDON (Parcels 8th May) and STRAITS... CARA U.S.A, JAPAN and SHANGHAI
(Vancouver, BC, 19th May) U.S.A. HONOLULU, Japan and SHANGHAI
(Ban Francisco Brd' May)... AUSTRALIA Bnd Mastu
Japan and sUANGDAL
w
U OLULU, JAPAN and Shane- HAI (San Francisco, 14th May)
Tonyo Maru Oremer
Thikarang
***
Riode Janeiro Maru
Pres. Jenso
Pyrrha
Fres, Linoula
fiong Hwa
Best Mar
14 Juna
16th I ne
Sopra of data ........
16th June
16th June
37th Ja
1764 June
18th June
2 Jana
23rd Ju
Aki Mara
Andra Leban
...Shinyo Maru
Hanpura
Tango Aluru
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.
54/- T13.10
T.8
T
T1.30 T.6 $25
Explorations......
T1.30
Shanghai Loana
T.61
USA, V
...
826
21/
Raubs***
$254
Tronch Mines ******
91/
***
JAPAN DHANQUAI JAYAN...
Docks, Wharves,
H.K. & K. Wharfs...
$177
8174
$5)
6.70;2
Providents
35.60 $5.80 $5.70
$103
H.K, Docks
841
1133
Shanghai Docks
New Engineerings
-T.132 T8.30
Hongkewa
Cotton Mills
FOR
T13.40 T.131)
Ewos
T13.00
T.86
S'hai. Ctons (old)..
Do. Tio Zoong Sings
T.85
(new)...
T.84
T.101
Lands, Hotels and
Buldings
$12.401
8343
310.80
$16.00
Admiral of the Fleet the Hon. Sir, Somerset A. Gough-Calthorpe, G.C.B., G.C.M.G., C.V.D., "retired
T.S on May 8 from the active list on 266 the completion of the usual period of five years in the highest rank. One of the vacancies erented by this advancement has been filled by. Vice-Admiral Sir Arthur A. M. | Dufi, K.C.B., late Adniiral-Com- manding Reserves, who is promoted to Admiral.
883
812.50 $12.16 $84
$84
T.285
198
H.M.S. Caradoc, now in the Reserve Fleet at Devonport, is ordered to be commissioned in July $12.15 to relieve the Castor an, the China Station. The Castor belongs to the Third Cruiser Squadron in the Mediterranean, but for some time past has been detached for service in China. She was ordered to leave Hong Kong on May 27 for home, arriving at Devonport on July 10, The Caradoc, completed in June, 1917, served in the Grand Fleet dur ing the latter part of the war, and in 1997 was thoroughly overhauled at Chatham at a cost of about £111,000. From October, 1928, until last January, she served on the America and West Indies Station,
The appointment dates from May 14 of Commander H. E. Morse, D.S.O., 'from the Marlborough, to be executive officer of the battle- ship Warspite. Commander Morse was serving in the gunboat Bramble in China when the late War begän and received a War appointment to the battleship Triumph, in which be served at the reduction of Kiao- chau and at the Dardanelles, until the ship was sunk by submarine on May 23, 1975. Later he took part in the early phases of the Jutland action.
BIGGER &
BETTER THAN EVER
CHRONICLE
and
DIRECTORY
for
1930
PRICE: TWELVE DOLLARS.
"Hong Kong Daily Press Office
14
H.K. & S. Hotels...
H.K. Lands Shanghai Lands H.K."Realtys..............
$16.00 Humphreys
Chinese Estates
Public Utilition
Tramway's
Peak Trams (old). $12
Do. (new)... $81
Star Ferries
C. Lights (old)......
Do.
(New)......
H.K. Electrics..... Macan do.
$20.40) $20.40)
PAR
DATE and TIME
changhai Shangnai, Japan, Canada, U.S.A., C. and
e. Americs and "EUROPE via Vic toria, B-de Vistoria, BC, 27th June and EUROPE via Siberia F.0010W...
BWA OFT ***
Manila and Jara via Sourabaya... Bwatow, Amoy and Foodbow...
Straita, Ceylon, India, Mauritius, E. nai #Africa, Egypt and EUROPE TA Marmaitses-dua idarseilles, 9th July.....
Litans Marn.
Monday, 9th,
10.40
Prus. Jeferson....Parcels 11.00 AN thega 11.15a M
Lantern
Noon
Noon
Ichang Hydrangea
Tindari Haishing...
TOOB
Tuesday, 10th,
9.30 AM
Antenor
1.00 IM
{Kowloon P: 0.
Rog.
4.30 F MO Lutters SUPE G.P.0 Beg. 5.007 LELENI 6.60 a
$20.38
$6.10
386
**
8271
Swatow..
ter
-824)
Sandakan
$80 $80/81
8301
Amey
123-
$10
Sandakan Lights....
$171
T.20
Telephones Erdbee China Buses
817/4
are
10/+
Tractions...............
18/6
Do.
Swatow and Fooshow.
Shanghai, Japan, Honolulu, USA,
Canada, Central and South America, i and *EUROPE via San Francisco dne San Francisco, 4th July and *EUROPE via Siberis
Roihow, Pakhoi and Haiphong
!!!!!
(pref.)......
Industrials
+++
11
Wednesday,
11th
Kspaisang Straumang"...
T
Ohip Shing
Reg.
Tenyo Maru
1.80 1.30
5,00 % Thursday, lath, Lastois
850 a
Thursday, 12th,
8.30a Parcela Noon Le.ters 1.00 PM
Friday,
13th,
Kanchow ...
dui Bany
T.10
"Caldbeck, \(ord.)
T11.25
Macgregor (pref.)
Straits an! Calcutta...
Canton Ices
$17.80 $173
Cements (comb.)... $17
3171/
$12!
Do (old)...
$12
354
Do.
(new)...
35
Straits, Ceylon, India, Mauritius, East
and South Atrias and Boath Rio de JaneiroMaru
88.85 $91
Bopes
$8.50
..
American Ports
China Sugara.
$27,
Malabon Bugars ***
Swatow, Amoy and Foochow
$39
告
$28+
$1
$294
11.00
$3.70
$18
$124
313
United Asbestos.....
Miscellaneous
Dairy Farms... Der A. Wings.................s Amusements ...................... Constructions. Lane Crawfords Mackintoshs
$26,40
$29
$1,90
Manila
Nanyang
Tobacco...
***
13.60
$1.
$11.70 ex dir.
013
891
Binerres (old)....................] $11† les div.
Do.new) ****!!
Watson
83.85 Wm. Powells...
91%
69%
preti
140
B. Ind. Q.8 Bonds...
H.K. Gort, Loan ...! $109)
LOCAL AND REGULAB OUTWARD MAILS.
---
Straite, Ceylon, India, Mauritius, East and
Beg.
South Africa, Aden, Egypt aud.){ Fushimi Marn EUROPE via Mazwailles--duo Mar seilles 14th July
1 ters
1.00 M Kowloon P.U..
4,30 4:30 2
G.1.0,
Reg.
Letters 6.00 PM
Pros. Johnson
Saturday, 14th,
6.00 P
HUNDAYS & HOLIDAYS
WEEK DAYS.
FOR
Fox
FROM
G.P.O.
SHEUNG WAN BRANON P,0.
FROM G.P.Q.
̄(7,15 aim, &] ̈7,30′a.m.” {6.00 puta.
17.00 pm
FROM SHEUNGWAM
BRANCH... PO.
(7:15 am:&(7.30 am. &
7.00 p Bandaya Sundays
5:00 p
{fpmonly 700 của
Lonly
(*7,15 am. &} {*7.30 am, &
115 p
130 m Sundays Bundes 8.35.0. only 6.00 p.zi
Macao & Trinahan
[ 7.15 am, &) § 7.80 $0.
1.15 p.m.
∙1.80 p.m.
Kongmoon (except Saturdays) Kankong (except Saturdays).....
6.00 p.m.
6.00 p..
6.00 p
Fatalian (By Train)
7.16 am
7.15
TIO
Tai Fo
1,00 a.m. 9.00 mm,& 8,00 p
(9,00 m, &
3.00 p.m. 1280 p
& 4.30pm Saturdays 100&
9.00 AFL
8,30 only 6.00 pm.
6.00 pm.
saigon, *Straits, Ceylon, India, Mauritius,
East sad South Africa, Aden, i Egypt and "EUROPE Via Marcillen ↑ —ine sancillus, 19th July...
Swalow, Amoy an 1. Foochow Manila
Maalla
Japan
Bhanghai, Japan, Honoluia. UB.A. Canada, U. and B. Amerion, and EUROPE via San Francisco-doo Ban Francisco, 10th Juy
Andra Lebon
Tuesday, 17th, Kowloon P.0. Bek Letters Bog
1.00
1,00 F
1.45 PX Leitara 220 p
Hai Ning. Empress of Asia Pros. Lincoln
2.00 -8,00
M
M
4.80 z'
Aki Maru.
Tale to Maru
Wednesday, 18th,
9:30 Beg. 5,00 P Thursday, 19th,
Laters 8.30 1 ̧°
Mania, Australia and New Zealand' vis)
Thursday laland - das Thursday Changte: Laland, Ist July
*Superscribed correspondence only.
Thursday 19th- Parcels 5,00 FX [Kez,20th,9.45 ▲'■. Letters 10,80
WHEN YOU ARE DUE FOR LEAVE
Send a Chit to 11, Ice "fouse Street.
and order the Hongkong Weekly Press to be sent to you
Canton
Shumchun
Cheungshow
Aberdeen
8.80 m
Stanley
100 p.m.
Autan, Pingahan, Santia,”
Shatin, Shatankok and
8.00 p.zi
Sheungahuf
Asikung
́4,30 pm.
Namian, Bhakki
Taiping)
7.00 pm
(Fumin)
Six months.
Twelve months
$7.50
$15,00
ד