12
Money and Markets
NEW YORK STOCK
EXCHANGE."
(UNITED PRESS.]
New York, June 6.-Prices crum bled on the New York Stock Exchange to-day in one of the heaviest selling waves since last autumn, says the daily review of the Dow Jones Financial News Agenty.
Pressure was the greatest during the find hour, when the volume ingrensed and tickers lagged well behind trading. The total of sales For the day was 4,416.270 shares.
Tails touched the lowest levels for 1930 and the Dus Junes average for 20 rails was off 1.83-from Satur dag to 138,01 Now York Central was off 24 to 166, Pennsylvania was oữ a point to 744′′ Union' Pacific was
1 to 220; Eris was up un rightly, to 411: 1. &O. was dowy, a point to 109: Canadian Pacific was of two points to 197; and Northern Pacife was off 17 to 794.
||
Nearly 100 stocks registered new low records for the year, following achievement of similar lows by j
many issues on Saturday,
Selling grew out of bounds as large step-loss orders were uncover-, ed with each decline in the market. Closing prices for the most part represented the low records for the day.
|
45) 41
511
HONG KONG DAILY PRESS, MONDAY, JUNE 16, 1930.
HONG KONG TRADE. DAILY SHARE QUOTATIONS.
THE EXCHANGE OBSTACLE.
The fortnightly eircular of the Buyers Hong Kong General Chamber of Commerce contains the following references to the textile trade-
Oction Piece Goods and Fancy`
Cotton Goods.
N
The following reports have been receivedi
Exchange is still the insurmount- able obstacle to new business and 81 70 2020 failing appreciable vise in the value 311 31 of silver and exchange it is futile to look for any expansion in the
HONG KONG STOCK EXCHANGE.
Bellary
تحد Sala Waal
$1,310 $1,510
2100)
217
529
£12
140
SHAREBROKERS
ASSOCIATION.
SATURDAY, JUNE 14.
Buyers Boerem
Bank
LAT
***
8121
דד
H.K. Banks
Do. (London)...| Chartered Banks
Mercantile Bk. "A"
Do.
Bank of East Asia... $117
Insurancas.
Canton Insurances,.
Underwriters
North Chinad..........................
$250
***
"
$1,510
Missouri Pacifs
50
78
-Montgomery Ward
42 -101
Novada Consolidated Copper
10 10
New York Contral
189 186
Northern Pacido Kailway
...
804 78)
Pacida Lighting
Packard Motor Car Faramount Famous Lasky
933 NO 10. 183 651 821
751 71
12 11
801 35
107), 104
Pennsylvania Kallroad... Pennrond Corporation... Phillips Petroleum Public Service of N. Jurses Radio Corporation Reynolds Tobacco B" Sme Roobuck Sholl Union
***
***
+
Simmens Company
Southern California Edison Southern Pacific Railway Standard Gas & Electric Standard Oil of New Jamey Standard Oil of New York Texas Corporaties Texas Gulf Salphur Timken Roller Bearing
FM America
Union Carbide & Carbon Union Pacific Railway...
Faited Aircraft & Transport United Corporation
Grited Gas & improvement United Dry Docks U.S. Mubber
C.S. Stool
Vanadium
Warner Bros. Pictures Westinghouse E. & M.... Woolworth
$400
FOREIGN MAILS
RADIO NOTICE.
Individuals and firms are recommended to register their tole graphie address at the Radio Ufice. No charge is made for this.
INWARD MAILS.
FROM
PER
Duz
***
$950
$2.60
SHANGHAI
T180 $465 +4
AMDY
AUSTRALIA and MANILA
360
Japas und SHANGHAI
SWATOW
U.S.A. HONOLULU, JAPAN and SHANGHAI (Ban Francisco, x3rd May, and Euros!) Via Sizxxia (London, 28th May) EUROPA via NAGAPATAM (Papers only
London 15th May)
LONDON (Parcels Bin May) and Stars... Napa, 0.8A, JAPIN Bud Susa (Vancouver, BC, 5th May) SHINDWA and SWATOW
1
Pros. Lincoln
16th June
AI
...
Autrang ** Pyrrhua
16.
Jand
10th June
Bumprees of data.
16th Juna
ΑΚΟΥ ...
210
Ladun, and My, and 13ta May), JAPAN and SHANOPAT
U..a, donorLU, JAPAN and SBAKD-
HAI (San Francisco, 24th May) STRAITS
HUBORA VIA QUEZ (Letters and papers,
Fupsh Alipore
Ali Mare
Andre Labon
Takada
17th June
17th June
Tilleboot...
17h4
17 b Jaza 170
Cramer
Shinyo Kuru, Virsupure
Jane
18th Jua
Isih Juno
1912
Juce
เชฟ Jane
parcels,
alorea
19.4.
Jane
***
1/85
$331
STRAIT JAPAN...
Ranpura... Haruna Mara Lungo Aluru,
Janu
เบอ
23rd
631 62
...
118
1121 1064
78
present meagre volume of orders
1.160
SATO
75
Union Insurances...
35
33
for distant shipment.
M.$50 Yangtazo Insurance9|
58 54
GTE
503
GE
6
28
36
80
2204
671 60
401 -
"Spot" goods (for which ex- change was fixed at rates" consider- bly above to-day's levels) are, however, commanding the attention they deserve.
China Firos
$400
$005
HK. Fires
$960
Shipping
$231
Douglages
$231
$26
Steamboats
$23
$43
Indos (prof.).......
340
Do. (def.j
18
953
Shell Transports....
$33
Water-boats.
...
J
Mining
$1
SO Cotton values show a detlining tendency-latest quotations to hand
271 20being those of 12th instant. Mid. "Spot". 7.594. Eg. Sakel.
10 161 Am. 1001 91
186 1821
· SILVER EXCHANGE
PANIC DEPRECATED. Exchange engages the attention of the Peking and Tirntxin Times, which says:By a singular para dox China, because she is so fre Industrials showed the greatest quently tora by civil war, "requires single decline, with the Dow Jonesess breathing space for recupera
tion than other countries and average for 30 issues of 7.12 to 330.70. U.S. Steel continued down, and closed at 1914, off with Bethlehem off 1 to 90 and Ludlum tiff 18 to 304 Westinghouse was off four points to 163: General Elec. tric closed of 21 to 74: Ameri. can Can was, off 4 to 133; American Rolling Mill was off half a point to 631. Vanadium was off of to 91: Union Carbide was off three to 77; Johns Manville was off 6 to 951; Eastman Kodak was off 83 to 2297; and Du Pont was off 31 to 120.
when the rebound comes the volume of business that will be put through will prove astounding. If exchange goes back to 2/2 as rapidly as it has fallen to 1/S, and such a re- rezsal of trend is not outside the bounds of possibility, there will be as much regret at act bringing gold out in the summer of 1920 as there has been chagrin evinced by those who did not send silver home in the nutumn of 1919 when, through the manipulation of exchange by silver The Dow Jones average for 20 interests, the rate on London was utilities was of 3.84 to, 92.19. Elec- 9/9. In the sense that fashions trie Bond & Share declined three change, and commodities tend to be points to 943. American and For sometimes scarce and sometime. eign Power was off 2 to 74., Radio ahandant by the vagaries of nature, Corp. was down 41 to 41. Ameri- trade must ever be a gamble, but can Tel, and Tel, was off 41 to 2204, when to that, inevitable gamble is and International Tel. and Tel.added the uncertainties of the ratio closed at 58), Standard Gas was between gold. and silver 23 of 5 to 10: Columbia Gas was medium of exchange the double off 3 to 74. Cities Service was off combination presents
Very 1 to 30: and Southern California terrifying possibilities. They are Edison was off to 023. Pacific not, however, sufficiently alarming Lighting was down 4 to 88. to justify the total with-holding of Anaconda Copper was off to all export maper and the rushing oof; Kennecott closed at 44), off 11; to cover import commitments by Nevada Consolidated was off half a buying cold currener at any price point to 19; and American Smelt without restraint. Panie is 'n poor ing was off to 681. Last year's counsellor." low for Anaconda was 574.
General Motors closed down 1 to 45); Hudson closed at 361, off 41 and 1 below last year's low: Chrys- ler was off a point to 39; and Packard was off to 159.
American Tobacco "B" closed at 2451 off from yesterday and 14 below last year's low. Reynolds Tobacco "B" was off a point to 60% Liggett & Myers "B
three points to 98).
Was off
Call money remained at three per ernt.
QUOTATIONS.
Macket weak. Business'done: 4,548,470 shares,
Adams Express...
American Cas
American & Foreign Power
American Rolling Mill...
American Smelting American Tel, & Tel. American Tobacco “B”
American Waterworks...
Anaconda Copper Atlantic Redning Baltimore & Ohio
Bethlehem Steel
Borg Warner
Calumet & Hecia
Canadian Pacifo Railway
831 633
BQ
*. £241 2201
230 2151
* 105 98
56 561
401 881
110 109
901
80 352.
171 174
some
19.750.
Another report states:
New business is held up for the time being, in view of the uncer tainty in exchange.. Further en quiries have been made for spring cargo, but no definite offers have resulted. The market has yet to settle the usual orders for cotton fancies and a move will soon have to be made in order to effect end of the year shipments.
Some transactions in plain poplina and limbrics are reported to have been settled, but at prices
which indicate support by favour able rate of exchange.
*
Clearances have been on 3 ፫-
duced scale and the tone of the local market is quiet.
Wobllana.
There is nothing new to report"
"spat" beyond isolated sales of cargo.
The settlement of the Yorkshire wage dispute will ease the position regarding deliveries and autuma shipments should not be greatly affected.
poor
Mail advices indicate that wool sales in Australia and New Zealand are developing at firmer prices and the converters in Bradford have to trade and follow despite labour troubles. All grades of tops show advance from Id. to 1d. per 1. and recording to quality and English fleeces are up fully id. per h. This means that following the recent drep in exchange, quotations for woollens in general in this mar- ket. have to be advanced further 15 to 20 per cent., bringing the total advance over last season's price: in the region of 40 to 50 per cent.
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor- respondents, Mesara.. Hayden, Stone & Co., of New York, by Messrs. Swing Culbertson & Fritz, Sassoon House, Shanghai, feable address"Swanstock," Shanghai), who are not responsible For cable mutilations:
Tone of Market.-Irregular. New York, June 13, 1930. No. of Shares done-2,300,000.
Borg Warner
Gold Dust-
11.30
21/-
$3.60 $101
1+0
T.266
Benquete
41/3 Kailans T13:0 Langkats (comb.)
T.S
Do. (single)... Explorations.
Shanghai Loans ... Raubs
Tronoh Mines
Docks, WharvOS,
Godowns, etc.
85
H.K. & K. Wharfs. $179 Providenta
H.K. Docka
T133 Shanghai Docks...
To New Engineerings
+
Hougkows
Cotton Hills
Sum
54/- T13.10
OUTWARD MÄÏLS.
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,'
$173
Formosa...
Straita.
8-101
T.139
**18.30
Haiphong wator
T13.20
*T.133
Ewos
T.13
T.66
S'hai Crons (old)...
Da
(new)...
T.16
Zoong Singe
$194
$81 2844 "I.285
$10,00
Lands, Hotels and
Building="
H.K. & S. Hotels HK Lands Shanghai Lands H. Realtys.............
316.60 Humphreys
Chinese Estates....
Public Utilities"
823
18/6
China Buses vannya
Tractions Ta
41
Do.
(prof.)......
Industrials
T.11 Caldbeck, (ord.)
Macgregor (pref.)} Canton Ices
T.10
Cements (comb.).........
Do
(old)...
A
Foa
PEU
DATE and TIME
Monday, leth,
M.mach Sristan Vanton Hydrangea-
10.30 X 2.30 a
3.40.
Parcels ...the...
3.00 F
4.15 M
Frea. Grazi
Letters WACK.
61ter
5.60 P
3.QUI M
0.007-
Japan, monolula, Cauada U.N.A., U. and.
3. America and EUROPE via das krabasco-dus Ban Francisco, 9th July) Shanghai and EUROPE via Siberia
Pree Grant
T.83 T34
T.10
Japan
Ampy
Hui Hai Wei vis Swatcm and Foochow Hofhow...
Asi Maru..
Autsang ... Asciclov
Today, 17th,
6.30
8.30 AM
lu Su
$12.251
$81
3841
$101 9101
Swatow, Amoy ani.) cochow Bamogost
Kapus
320.20320.30) 820.30
$13
Tramways.
88.10
8274
$791
$10 $17.60 T.20
Peak Trams (cid)...) $124
Do (now)... $61
$201 820.10
Manlia
***
$86
$271
Star Ferries"
Lights (old).............. $37.30)
Do. (new)......
Bwstow
Batavia Amoy
H.K. Electrica
$70%
79/80
+
Macao, do.
Sandakan Lights.
sure
Telephones...... 8:7
$17)
6/9
bhanghai, Japan, Honolulu, y Canada, Central and South America, and *EUROPE via Ban Francisco- dus San Francisco, itth July and
EUROPE via Siberia
Straits
Japan
Cremer Talthybius
"Chony Shing
FLOODOW Tia Swator...
Manila, Australia and New Zealand vin
Thurmany Island --du Tourway || "Changte laland, fat July
'
Shanghai and Japan :..
Swátów, Amoy and Pooulow
$39
Mishima Maru Hasching...
raits, Ceylon, India, Maanlius, E. an i §. Africa, Aden, gypt and sURUcn via Ranpuru Mare Marseios, 18th July
IU.30.M
9.30 P.
5.00 M
Bag. Thursday, 19th,
tere 8.30 am`
Thursday, 19th,
10000 AN 10.30 M 5.00 PX
Pacouls 5.60 F M uth,9.40 N
Letters 10,302 *
Friday,
23th,
8.30
1.00 F M
Kowloon P.U. Parcels
4.30 7 M
Box21st, 1.0 & 2 ...osters 1000 a 2
Sandakan
$3.60
Binang...
Shanghai
Ban, Anetratin and New Zealand via"
"Thursday islamu-uue Thursday, is
land, 7th July...
Haruna Maru "
Tango ¿furu
$109
dwatow, Amoy and Fooshow.
G.P.0.
· Par,20th, 5.0 x = ¡B g.ztist, 9.45 a M tuers 1.80 € =
Saturday, Zist,
Monday, 2rd,
10.30
6.00*
Krg. 11 nowday, 25th,
* Kangiung
Burt Bayard, Hoihow, Fakhoi und Haiphong Tanks
wagon, "Straźla, Caylon, ludia, Maaritana,
East and Sooth Striuk Egypt and EUROPE ris Marsilen -due Marseillas, 19th July
144
Hai Ning... Yingchow
Empress of Aria ...
12.40 1 Kowloon P.U.
0
1.00.
Andre Lotion
1.00
6.P.O.
ticg. Laiters
1.45 PK
2.30
2,00
3,30 =
3,50 PM
Pros. Lincoln
Flop ang
Tjileboat
Taiyuan
Tatsula Maru
4.30 sa
Wednesday, 16th,
8.30 Ax
17.60/85
$12
$8.90
89
་་་
是
$27.
$5
Last
Latest
Dividend.
Sales.
68
8254 રા
25/26
534
$291
108
$1.80
$3.70
$18
$121
300, A
"None
aB
Do.
(now)...
Ropes $8.60
China Sugars..................]
Malabon Bugars
United Asbestos...
Miscellaneou
Dairy Farms.........$24.60
Der A. Wings........
Amusements
Constructions *****} $1,90
Lane Crawfords ...
Mackintoshs
Nanyang Tobacco...
"Do.
Sinceres (old),... 114
(new)
$13 Watsong........
32.85 Wm. Powells
66%
B. Ind. G.8 Bonds...
B.K. Gort, Loan ...
91%
prem
* J
8125
1:18:14
100 $23
17.60/. 80
3053
-4-
$20
Call Money-91.
New York, Juno 10.
American Smelting
Anaconda Copper
Jane 7 D
Baltimore and Ohio
***
281 971
1871 133
Continental Of
City Service Common
Curtis Wright - Common
Eastman Kodak
Flectric Bond and Share
BC
Erie Railroad
None.
General Motors
3
General Ry. Signal
Goodyear Tire and Rubber
Granby Consolidated
190 T
Hudson Motors
-Chesapeake Corporation
#5 631
International Cement
Calengo Rock Island ... Chrysler ...
105
***
Davison Chemical
Elsies Service, Common Columbia Gas & Electric Columbia Graphaphone Commercial Solvents ... Commonwealth & Southern Commonwealth'& H. Warr. Consolidated Gne of N, Y. Continental On.... L'orm Producte... Cartier Wright, Common
Du Pont de Nemours
Eastman Kodak
Electric Bond & Share....
Erie Hallway For Film "A"
Gea
Electric
·Gommal Food-
General Motors ... General Bailway Bignal
... 123) 120)
20+ 23
971 941 414 41
49. 40
77 741
*** 47 453
90
Hold Duet
Goodrich Rubber
•Goodyear Tire & Rubber
421 41
70 771
Hudson Motor...
Granby
Great Northern Certificates ...
*
30
29
41 203
Katerantional Coment
International Combustion Eng.
International Harvester
Laternational Nickel-
International Printers Ink
31
312
801
International Nickel
Montgomery Ward
7774 27 26 10 16
Nevada Consolidated Copper
201 201
Radio Corpor
Sears Roebuck & Co.
Nono 2ID
Simmons Co.....
3E
51 41
Standard Oil Co. of New York.
1,00
Union Carbide and Carbon......
2.60
Canton
103) 201
U.S. Rubber ******
Node.
81
United States Steel
185
33 39)
12a 120
231 2221
Macão & Tinahan
7.16 to. (1.15 p..
Stamp Collectors
Will find an interesting
Kongmoon (except Saturdays) 5.00 p.m.'~ Kankong (except Saturdays)...
6.00
0.00
6,00 p.m.
Fatahan (By Train)
Tai O
7.15 1. 0.00
•8.00 $.02.
Tai Pó
Sbarchan
article
the Daily
Channgohow
Aberdeen
8.80 in
Ever
Autan Pingshan Bantin
·Shatin, Shataukor, and Shoungehul
1080 m
Baikung
4.80 paa
"Namian, Shekh &” aiping
7.00 pz.
7:00p.m.
LOCAL AND REGULAR OUTWARD MAILS.
WEEK DAYS.
FOR
Frox G.P.O."
FECH Skorowi BRANCH P.C.
FROM G.P.O.
SUNDAYS & HOLIDAYS
FROM ISHEUNG WAN BRANCH 2,0.
(7.15 am, & 7.30 1.1.
16,00 p 17.00 p.m.
7.30.10. 1.30.
#7,15 a.m. &) [7.80 a.ks, &-
5.00 pim.
7.00pm Bundays Bundaya (6p.m. only 7.00 pr.
{ouly
(7.15am, & (7.30 am, k
1,15 p.m. Sundays 8.15 am. Lonly
5.00 p.m.
7.15 0.
9.00 .. (9.00 am. & 13.00 p.z 10.00 23. 3.00p.m. 12.30pm. & 430 pm Baturdays
1:00 pm &
4.80 p.m.
110
(11,00
{& 4.20 p.
1.30 pm Sundaya 8.30 am. Lonly
6.00 pm.
Huong
Trasday, sith,
1,00 PM
Kowloon P. O...
Reg.
1.00
Leiters
1,00
G.P.O.
150g. Loiter... 280 21 Parcels 8.00 K
1.45
M
Straits, Ceylon, India, Mauritius, E, sal
S.Africa, Egypt and EUROPE via Biomed. Marseilles-due Marseilles, 25th July 1
Shaughal, Japan, Canada, U.8.A, O. and H. America and *EUKUFE via Van- Cover, B.Odne Vancouver, B.C 12th Joly, and *Europe via Siberia...)
Empress of Asia Wednesday, 25th,
9.15 A Beg, Letters 10.00'
*Superscribed, correspondence only.
FIRST BOOK YOUR PASSAGE
and then send a Chit to 11. Ice House Street, ordering the Weekly Press to be sent to you for Three, Six, or Twelve Months or longer!*: Enclose Notes or Cheque for 28.75, $7.50, or $15, and
WE WILL DO THE REST
International Products Com....
Zatamentionat Told Du
Johns Manvite
Kensecott Copper
Krouger & Toll
Kroger Grocery144, Liggett & Myers B
Ladium Steel Mack Trucks
雄
(Fande);