112
Money and Markets
NEW YORK STOCK CANTON TRADE .
EXCHANGE,
COVERING BY SHORTS ON
FALSE HOPES.
ADVANCE LATE IN DAY AFTER EARLY DECLINE,
[UNITED PRES3,1
NOTES.
The sugar market bas become somewhat active lately. The four market is also fairly active and prices are steady.
Demand for foreign artificiul fertilizer has fallen off in Swatov recently consequent on the boycott
of the fertilizer by the Native
*
*
HONG KONG DAILY PRESS, WEDNESDAY, JUNE 11, 1930.
AMERICAN OIL FOR DAILY SHARE QUOTATIONS.
CHINA:
CALIFORNIAN BUSINESS- MEN IN TOWN.
A delegation representing the Union Oil Company of California has arrived in Hong Kong, for the purpose of surveying the prospects of business in South China. The Company is an old-established con- cern with a capital of 125,000,000 dollars gold, and has been handling oil and associated products for over forty years.
The leader of the party is Mr. New York, June &-An expecta Goods Promotion Association. J. B. Arthär, who is manager of tion of a reduction in the New Fermerly, $8,000,000 worth York rediscount rate, though sub-foreign fertilizer was imported into
of the fuel oil and asphalte sales de": sequently unrealized caused some Swatow annually,
partment at the Company's head of the shorts on the New York.
office in Los Angeles. With him Stock Exchange to cover late in to- day's session when the entire list
is Mr. C. I, McKeever, export manager in the San Francisco office, advanced, says the daily review of the Dow Jones Einancial News
and Mr. A, C. Stewart (son of the Agency.
President of the Company), who is in the export department at Los Angeles.
Heavy Selling at Opening. Earlier in the session there was heavy selling, resulting in declines of from one to four points in many issues. A few of the specials were down as much as from six to 14 points.
however,
Most of the stocks rallied later, United Cigar Stores was one of the few issues which showed con- sistent strength throughout the session. American Tobacco "B" closed of 33 to 250; Reynolds Tobacco B was off to 521; and Liggett & Myers "B" was off it to 1031.
Call money continued to be quot ed at 3 per cent., while time money stood at 21 per cent. for 60 days and at 3 per cent. for 90 days.
Industrial and Utilities Lower, The Dow Jones average for '30 industrials was off 3.85 to 268.59. U.S. Steel closed down two pointa to 106. with Bethlehem off to 934 and Ludlum down 1 to 3+1 Westinghouse E. & M. was of to 170 General Electric was of
The cotton yarn market has be come fairly active lately. There aro some inquiries by merchants in the West and North River districts, and on Monday, over 200 bales were sold. Retail sales are also brisk. Prices, however, remain unchanged due to abundant stocks.
*
•
local cement factory by builders of Demand for the products of the highways in the country districts Inquiries from contractors are also has latterly been unusually brisk
healthy. The fuotory is now work- ing day and night to produce enough cement to meet the demand.
ex-
A plentiful pice harvest is pected in Kwangsi on account of favourable weather conditions. The price of rice has become steadily cheaper as a consequence. Kwang si is a rice-producing centre. Be- sides supplying its own population, the province exports.. large quanti-
Accompanying the visitors from
special representative in Kobe of California are Mr. W. W. Baer,
H. G. Greatwood, the representa- the Union Oil Company, and Mr.
tive in Shanghai,
Business- has been already estab lished by the Los Angeles concern with customers in Japan and North China, and the object of the present visit to Hong Kong is to ascertain, the prospects of doing business with South China.
**
Mr. Arthur and his colleagues ex- ties of rice to neighbouring pro-pect to remain here about a month, during which time they will survey
vinces.
*
In spite of the Government's the surrounding territory and judge native goods, the foreign piece business connections. campaign for the promotion of the prospects for establishing new goods market has become again active. Demand for Chinese cloth is limited, being inferior to foreign goods both in quality and
once
2 to 811 American Can, declined styles. Some 70,538 rolls of foreign
2:10.
year.
+
1 to 144. Du Pont was off 23 tonicee goods were imported during 197. Eastmann Kodak was off 5 to last month, showing an increase Among the utilities a similar but over any preceding month of this less pronounced decline was up- parent, with the Dow Jones average off 1.93 to 100.57. Electric Bond & Share was off 21 to 103. American Tel. & Tel. declined 21 to 228, but International Tel. & Tel. rose to close at 61 Radio Corp. was of two points to 401. American & Foreign Power was off 21 to 834. Columbia Gas was down a point to 214, Consolidated Gas was down 18 Lo 1233 and Standard Gas was down 14 to 116.
The Eallway Position, The Dow Jones average for. 20 rails was off .60 to 142.06. Penn- sylvania was off a point to 763; New York Central was off. 13 to 172; Erie was off a point to 41; Union Pacific was up an eighth to 2211; Rock Island was off-1 to 112; and B. & O. was off to 111.
Demand for raw silk is still very disappointing and quotations are exceedingly low. During last month. 6,750 bales, containing 80 catties of silk each, were exported. Of this amount, some 3.282 hales went to waste silk exported during the the United States. The amount of same period totaled only 3,600, showing a decrease of 2.203 hales over the preceding month, France took 2,150 bales of the total amount.
FINANCIAL GLOOM IN .
JAPAN.
DECLINE OF PRICES ALL
ROUND.
GOLD BAR SPECULATION
IN SHANGHAL
CLOSING DOWN OF EXCHANGË URGED,
1,3 to
Exchange
The closing of the Gold Bar,
Shanghai, so
ia Kiukiang Road, stop further
price of silver is urged in a peti- manipulations to bring down the
tioa to the Shanghai Special Dis trict Party Headquarters for trans. mission to the Central Authorities, reports Kuo Mio.
The petition points out that while- Auctuations in the foreign, silver market certainly play a part in bringing about the universally dis- astrous slump in silver, the main reason for the present situation, in the local market, however, is to be
HONG KONG STOCK EXCHANGE.
SHAREBROKERS ASSOCIATION.
Bajers
Beltern | Bala
Nominal
TUESDAY. JUNE 10.
Buyers Ballers Balm mind
$1,8-45
FOREIGN MALIS
RADIO NOTICE.
J
Individuals and Arma are recommended to register their tele- graphic address at the Radio Office. No charge is made for this.
*
INWARD MAILS,
Banks
FROM
PER
Dos
H.K. Banks
51,140
£100
**
440
Da. (London) 217 Chartered Banks
£17
SHANGHAI and DWATOW
Mercantile Bza. “A”
HATAVIA
Nanchang Tjikarany
11th Juna
11th June
$12
Do.
£12)
HANGHAI and EUROPE via
#191
Bank of East Asia....
$121
(London, 24th May)
Koenigsberg
12th Jugo
JAPAN...
Riods Janevra Maru
12th June
Insurancss
JAPAN...
Alsshuma Mara..
19th June
9960
Canton InsuTRICOS..
3980
KUHOPE via NEGAPATAN. (Letters only.
London 15th May}
Long Bwa
144
19th Ju
$3.15
Underwriters
$2.85
Jaran and SeaGBAL
T.160
North China...*-*-*-*
T160
$475
Union Insurances...
$477
M.$60 Yangtze Insurances
$60
*400 $066
$400
HK Fires.name
$960
0.5.A., Boxolulu, Japan and Snano-1
HAI (San Francisco, 16th May) LONDON (Parcels 8th May) and STRAITS... CARA, USA, JAPAN and SHANGHAI,
(Vancouver
BU
29th May)
Fini Mare... Fras, Johnson
13th Jaue
14th June
Pyrrhus
THE
16th June
komprese of Asia...
16ta June
U.S.A. BONOLULU, JAPAN and SHANGHAI||
Près. Lincoln
16th June
Shipping
(can Francis, vård May} ...
Austalia and Mana
Aki Maru..
17th Juze
323
Douglases
$23
JAFAM and SHANGHAI
Andra Lebon
1784 Jane
$26
Steamboats
$25
343
Indos (prof.)
$43
Shinyo Maru
18th Juna
$40
Do. (def.)
$40
| Nanpura
26th Jane
96/3
Shell Transports ....
$8/3
Haruno Mars
22nd June
$33
$32
Water-boat.
$33+
JAPAN
$264
8170
FLI
China Fires
Xining
Kailans
Godowns, etc.
U.S. ONOLULU, Japan and Share-
BAI (San Francisco, 24th May) Japan and SRANGUAÍ“
***
140
x3rd Jane
Tango Aluru
OUTWARD MAILS,
REGISTERED and PARCEL MAILS are closed 18 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 3 p.m. on the previous day.
Haldis Bellerophon
DATE and TIMA
Wednesday, 11th,
For
Pxn
"
Benquets...
41/3
T8
T1310 Langkate (comb)...
54/- T13.10
T1.30 T.0
Do. (single) Explorations.
17
140
Shanghai Leans...
T130 T.6
442
Raabs
#257
21/-
味
Tronoh Mices
44
Docks, Wharyen,
$171
H.K. & K. Whacks.....
$171
Formosa...
$5.60 $5
$5.70
Providenta
$5.60 $5,80
Shanghai
$40t
H.K. Docks
8.41
T.133
Shanghai Docks
T.132 19.30
Swatów, Amoy and Foochow
... Hurchting...
`andakan
144
(a) Azumang
Fort Bayard
Fot
***
Wing Les
Macac
Amoy
TAGH
Baigon.....
Loy
T13.40
Swatow and Fochow....
T-85 T.84
T.101
Macho sig, a
+1+
M+
T.263
T13.401
་་་
M
891 T.283
812.15812.90)
202
$801/2
$98
T.86
New Engineering
Hongkewa
Cotton Mills
Ewog
S'hai, Ctons (old)... Do. (new)...
T.10 Zoong Sings
311
Lands, Hotels ani Buildings
H.K., & B. Hotels...! FLK. Lands ****** Shanghai Lands
H.K. Realtys.... $16.00 Humphreya ........
"Chinese Estates
Publio Utilities
Tramways
!!!!
ד
wyth.***.
Unty Sking
Shanghai, Japan and “EUROPE Țin Siberia Tenyo Maru bow, Parfoi and Haiphong
Ranchers. Sui An
Shun Chih
1080 A M 10.30 AM
11.00 1.
1.30
80M
3.16 M 8,30
5.00 PM
5.GU P
Thursday, 12th,
8.30 A
8.30
N
3.15
M
4.30 PM
Friday,
13th,
*South | |Rio de Janeiro Maru
9.30 AM
Parcels
Nood
Jai Song
Lifters
1.00 K
Husyang...
1.00
Straita, Ceylon, India, Mauritius, East
avid South Africa and American Ports...
$81
812.2012.10/20
891
$10.80 $16.90
Calcutta via Straits
Jwnlow, Anny and Fouchow
***
Straits, Ceylan, India, Mauritius, East and South Africs, Aden, Egypt and EUROPE via Marseillas-due Alar- sailled 14th July
Bowlion F.O. ..Reg. -4.30-e a
Fushimi Marne
430 G.P.Q.
6,50 PM
$20.95
$20.20
$121 $6,10
Peak Trams (old) $12 Da (new)...] $6)
Beg.
386
Star Ferries
486
4271
323+
Manila
244
Pres. Johnson....
Letters 6.00 PM
Saturday, 14th,
5.00
$50
$791
#20
"8:23
Sunday,
$10
$172
Swałów, Amoy and Formora Bangkok via Swstow .....
...
Horan Maru Kianga...
8,00 ▲ x
T.S0
10/
€/0
18/6
8124
found in the reckless speculation "Kroger
Warner Bros. rose a quarter. point to close at 64. Grocery was off to 33 Kreuger & Toll rose a quarter to close at 321. Anaconda was off 1 to 307. General Motors was off to 401.
Sales for the day totalled 2,392,839 shares..
QUOTATIONS.
The Enancial situation of Japan, which has been going from had to worse since the removal of the gold embargo, resched a deadlock on June 4:
$5
***
$1
*
and unscrupulous manipulation of $8.40 gold bar speculators. The Minis- try of Industry Commerce and A bird's-eye view of the share Labour should, therefore, it is market showed that ali varieties of abares declined by two or three urged, order.the suspension of the yen at a bourd including the Kane. Exchange in accordance with Arti. rafuchi cotton new shares which cle 41 of the Exchange Law, which declined by four yen. New York, June 6. Markot utsettled.
In the rice market the lowest provides that an Exchange, the Business doné; 2,302,530 ›baros:
recorded price was touched when operations of which are detrimental June 4 G August delivery was quoted at to the welfare of the public, shall Adams Express ...
.814 21.26.03, and weakness characterizes 1484 1444
the future aspect, while in the ect be closed down. 86 83 ton yarn market the future delivery" 80 បររ
was quoted at Y.40 owing to the
American Uan, “.. American & Foreign Power
American Rolling MUL..
American Smeltük American Tel. 4 Vol.
American Tobacco + B**
American Waterworks...
Anaconda Copper Atlantic Refining Baltimore & Ohi
Bethlehem Siesl
Jorg Warner -Calumet à Decla Canadian Pacifle Railway Chesapeake Corporation Chicago Kook Töland... Chrysler
-Cities Service, Common
Columbia, Gas & Electric- Columbia Graphaphoza Commercial Solvents ... Commonwealth & BoutherT Commonwealth &. Wair, Consolidated Gra of N, Y,
Continental Oil...
ora Products
Curtiss Wright, Common
Davison Chuinical
Du Pont de Nemours
Eastman Kodak
Electric Boad & Share...
Erie Eailway General Electric
General Food ***
Genorul Metori »
General Eailway Signal Gold Dust
toodrich Rubber Goodyear Tire & Rubbor
iranby
Great Northern Certificates
Great
Hudson Motors
Internationalement...
71 69 bearish factors abroad. foreshadow-
2.4 i
28
263 25 ing, further decline. Although silk maintained the standard of Ÿ.81.60,
II) 113
5 56
431 +2
... 111111
031 23)
37 301
18 18
... 200 210
it is feared that its future is more gloomy.
Kroger Grocery...
Black Trucks
3584) Minori Pacific
...Tag. 32
***
International Combustion Eny
Jaternational Printer Ink
331 33
351 341
LAN OAR AS SECURITY.
SEQUEL TO COLLISION IN-
TYPHOON SHELTER.
.
A boatman who was charged be 18 105fore Mr. Whyte-Smith at Kowloon 71703 Magistracy yesterday with larceny ... Unq. Unq.
of an oar from the mistress of s cargo boat, admitted taking the oar but denied any felonious intent.. He said that the complainant's boat collided with his in the typhoon shelter on her account, and to bring 371 87 pressure on her to pay for the 114 Unq. damages, he took the oar 2.5
704-70
Liggett & Myera "B"
671 671 118) 114
Ladium Steel,
823 811
Montgomery Ward Novads Consolidated Copper...
201 201 New York Central
293
294 Northern Pacino Kailway
17
44
17 Pacific Lighting
Packard Motor for
20 201 174) 2521 80 801 $9 97
103 161
1311284
Paramount Famous Lasky
27 201
Pennsylvania Railroad...
108 107
91 34184
Panroad Corporation...
771 781 121 12
Pbilips Potrolenna
Public Service of N, Jersey
Raflo Corporation
245 1031
Reynolds-Tabacon
Shamone Company
Southern Pacific Hailway
11:0
Standard Gae & Electric
115 116
Standard Dil of Now Jorney... Standard Oil of Now York
704, 7Hİ
6 30
714
30 39.
180 127
100 103 Seara Rouback....
44 Shell UnionTM
45
57 63
811 811 Sonthera Ialifornia Eilon.
AI
BL 6
640
451 45
Un vai
401 38 Texas Corporation 80185 Texas Cuff Sulphur
XX 30 Timken Roller Bearing Ung. Unq. Traa America
tr
42 244 Dain Carbida & Carbon
Unq, "GR: Union Pacifio Railway.
7 United Aircraft & Transport... Corporation.
Ung, 40
-International Products Com. in
International Tel & Tel.
Johns Manvilla
Kennecott Copper
Kreuger & Toll
United Dry Docki .01 TS. Kubbar 021 dai CS ye! 10831001 Vanadium
47 48 Warner Bros. Pictures 3132]·Westinghouse En & Mani:
Woolworth
(Continued on nezt Column,
611483
80185
201 201 80) 301 For Bat
נם
security
The Magistrate said that he did not like to convict the defendant of larceny, a dishonest act, as he thought it was more of an assault
than stealing.
The police officer in charge of the
case pointed out. that the boatman
intended to keep the oar if the com
康 HXi
234–224k 7579
plainant did not pay up.. There was something dishonest about it, na he
1 631 tried to wear the mone
ng. The Magistrate replied that he 201 201 still thought that the defendant 1703 3684ight be a perfectly honest man all 121 110 the same.
180 170
The defendant was bound: over to m. Ung.. 031 } be of good behaviour, for one year.
C. Lights (old)....
Do. (new)...
HK Electrics
Macao do.
Saadakan Lights ...
Telephones......
China Buses
Tractions...
Do. (praf.)....
Industrials
T.111 Caldbeck, Yord.) Macgregor (prof.) Canton ices
T.10
~
$261
K
$1.
$29)
$1.00
$5.70
$18
migon, "Straits, Weylon, India, Mauritius, East mod Bouth Africa, Aden, Egypt and EUROPE vis Marseilles
due Marseilles, 19th July...
Swatów, Amoy and Foochow
Cements (comb.)...
$174
Manila
献唱
Do
(old)... (new)...
$12)
Manila
#8)
Japan
B99
Do.
Ropes
China Sugars.
Malabon Bugara ...
United Asbestos ....
Miscellaneous
Dairy Farms... Der A. Wings...... Amusementa Constructions
Lane Crawfords Mackintoshsaan.
Shanghai, Japan, Honoluin, U.S‚«,
Canada, Central and South America, | and *EUROPE via Dan Francisco---- das dan Prancisco, 10th July
Manila, Australia and New Zealand vis
Thursday landda
land, ist July
Andre Lebon
Kai Ning... Empress of Asia. Prox. Lincoln
Aki Marti...
Talasia Maru
Thandey Ohanga
$28,40
$1.90
$20,
$3.60
Nauyang Tobacco... Sinceres (old).........
(DOW)
84
Shanghai and Japan...
BITH
313
$13
ég" }.
63.85 Wm. Powell ***** $23
B. Ind. G. Bonds... EK. Gort. Loan ... $109)
89%
Straita, Ceylon, India, Maaritius, E. and 8., Africa, Aden, Egypt and EUROPE vis Marssille due Marsestion, 18th July
Ranpura
·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 Mezers. Swan, Culbertson & Fritz, Sassoon House," Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:--
Tone of Market-Weak.
No. of Shares doàe--3,500,000.
Call Money-3 per cent.
Americap Smelting
Shanghai Manila, Australia and New Zealand vin
Thursday land-dao Thursday Is land, 7th July...
**
Mishima Mark
"Horuna Maru
Tango Maru
Superscribed correspondence only.
15th,
9.00
Tuesday, 17th, Kowloon P.O. Boy. 1.00 F
1,00 P
Letters
G.P.O.
Rǝz.
Letter
F
1,45 PX 2,30 PM
2,00 m
5.30 **
4,30 za
18th,
Wednesday,
Beg,
1.30 AM 5.00
Thursday, 18th, Lotters 8.30 & M
Thursday, 19th, Parsola
5.00
M
Hog. 20th,9,45 N Letters 10.30 M
Friday,
30th, 8.30 AM Kowloon P.O.
Parcela 4.80 M Hogy 21st, 9.00 N Letters 10.00 AM G.P.O.
Far 20th 15.00 x Reg.21st, 9.45x Letters 10.50 A M
Monday, 23rd,
10.30 AM g. 5,00 uesday, 24th, Letters B.S7 A
New York, June 9, 1930.
Last Dividend.
Latest
Sales.
Anaconda Copper
BEFORE YOU
Baltimore and Ohio
109
Borg Warner.....
33
Continental Oil Diya City Service Common
FORGET
Curtis Wright Common
Nope
Eastman Kodak
AB
290
Electric Bond and Share
Вс
Eric Railroad
..
None.
'General Motors
Send
General Ry. Signal
Gold Dust
Goodyear Tire and Rubber ca.
Granby Consolidated
your Overseas Address to 11, Ice House Street, and order the Weekly Press to be sent to you for
Hudson Motors ......
Three Months
$3.75
Six Months
7450
Twelve Months
$15.00
International Cement
·International Nickel Montgomery Ward
Radio Corp
Bears Roobuck & Co.
Simmons Co
'Etandard Oil Co. of Now York
Union Carbide. and Carbon
2.60
U.8. Rubber)
None..
United States Steel