12
Money and Markets
•
NEW YORK STOCK Godrich Bubber
EXCHANGE.
DECLINE FOLLOWING ATTACK BY BEARS.
LOWER PRICES FOR WHEAT
AND COTTON,
(UNITED PRESS.
༑
New York, June 21.-When bears
on the New York Stock Exchange launched an attack to-day, prices declined, says the daily review of the Dow Jones Financial News Agency.
There was simultaneously a sharp decline in both wheat and cotton, on the commodities market.
Although support was manifest on the stock market near the noon close
after the regular Saturday half-day session, it was not sufficient to coun- teract the earlier damage.
Selling increased steadily through out the session, the total of sales anting to 1,906,610 shares. 1.8. Steel was a special target and it closed at 1331, down 27 from yesteday and 3 from Thursday's close. The Dow Jones industrial average for 30 selected įsaurs, was off 6.69 for the day.
Wheat reached the lowest point in the past 13 years, providing a dis- couraging commodity influence upon prices of stocks.
Declines were general, Eastman Kodak continuing on the toboggan with a close of 185 as compared with 1923 yesterday and 205 Thurs day. Westinghouse closed at 10. of 33 from Friday and 103 fron Thursday. Du Pont glosed nr 104,. down 41. American Can closed at 110% down 52. General Electric cloard at 664, down 33. United Air- craft closed at 474, down 2 while Curtis Wright coimau was off an eighth to American Tobacco " closed down four to 923 and Liggett & Myers "B" was off to
991.
Rails and Motors.
|
Goodyear Tire & Rubber Granky...
***
가
21 1
'Groat Northern Certificates
80 Uaq.
Hadsen Motors...
291, 371
International Coment....
81, 80
International Combustion Eng.
181 8
International Harvester
--
International Nickel
NU 781 231 23
L
Una.
ting. Ung
4
International Printers Ink
International Products Com....
Johns Manville.
Mack Trucks
Missouri Facile
Montgomery Ward
43.43)
HONG KONG DAILY PRESS, SATURDAY, JUNE 28, 1930.
HONG KONG SHARES. DAILY SHARE QUOTATIONS.
BENJAMIN & POTTS' WEEKLY REPORT:""
Messrs. Benjamin & Potts, local. share and general brokers, in their weekly share report, dated yester- day, state-
Notwithstanding
the glut of money and the banks reducing the rate of interest on current accounts to 1 per cent. per annum, there has been no noticeable expansion in the volume of business during the past
53 82 380 081 82 261 23 33 10861 week, but' rales in several cases
show a distinct improvement.
HONG KONG STOCK EXCHANGE.
SHAREBROKERS
ASSOCIATION.
Buy or Sellers Halo Nomla!:
FRIDAY. JUNE 27.
Biyen deion Saga omal
$1,830
*
429
FOREIGN MAILS
RADIO NOTICE.
Individuals and Arms are recommended to register their tale graphic address at the Radio Uffice. No charge is made for this..
INWARD MAILS.
Banka
FROM
PER
Duz
1,690 331
HK. Banks........... $1,518) Bi041 Do. (London)... Eist, Chartered Banks ....
Mercantile Bks. “A”
$1,530
***
E161
ΤΡΑΧΟΠΑΙ SANDAKAN
Laton Tispanas...
the
25th June 19th June
H
199
£12)
Do.
£123
#121
Bank of East Axia... 3117
**
International Tel. & Tel
BARILA
Kennecctt Copper
Insurances
D.J.A. HONOLULU, JAPAX nad SZAKOHAL,
(San Francisco, 30th Mays, and Evaurs|| V. SIBERIA (London, Sta Jane) Smartual and DWATOW
BUROPE V NEGAFATAM (Faper only
Freu, Fill-more--
Druhi Juna
Zunning
29th June
Pres. Ulevelad
29th June
Kroger & Toll
Kroger Grocory...
$350
Canton Insurancos,'.
Liggott & Myers "B"...
$3
Underwriters
$2.75
*1950
...wwk
London 29th May)
Howang
44
29th
Jins
ANOT...
ISNAKOHAL 8511 ÅMOT
Ludlum Steril
241–241
1.180
North China...~~~-
T160
401 50
073 05)
7357 341
1d
15%
157 1551
Banks-Hong Kong and Shang- hai Banks, come through from Lon- den at £101 108. (Middle) with
$150 145,50
Union Insurances...
$450
JAPAN.
Tilak.... Litnytt Kamakura Maru.
2910 Juna 3th 30th June
Juan
M.850
Yangtsre Insurances;
U.S.A., JONOLULU, JAPAN and SHANG
360
(400
China Fires
Hai (San Francisco, 6th: June)
$400
1955
***
H.K. Fires......
$960
MANILA
Tay
70% 74
business done locally at the outset
Jaran med skANDMAI
Axot and Hwarow ...
Pras. Maison Porthos
30 h
Jaze
int Jaly
1+
'jamancek
Sud Jalv
Yau lieuten
tad July
709 75.
Shipping
Canada, U.S.A., HONOLULU, Japan Dad
131
13}
35) 63
Douglases
$34
TH
Steamboate
115
343
Icdos (pret)
$43
Suangmai (Vancouver, HÚ, 12th June]] "JAPAN BIJ BEANGUAT
Australis and Manna
Awp, of Canada...
3rd July
Aus males...
4th July
A allore
7th July
311
$40
Do. (def.).
$10
903 97
95/-
Shell Transports...
29/3
J31
$93)
40
67)
Mining
15:
21
57 56
Benqueta...............
111 1117
32/0
Kailans
14/-
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 befora 9-a.in. registered and parcel mails are closed in a pan. on të previous day.
S81 971
Langkats (comb)...
173.10
1.9
Da. (single)
31 314
Explorations.......
T1.30
"Fu#
I'
IT
Shanghai Loans ... T.61
91/-
York Central
Nevada Consolidated Copper ... New Northern Pacific Bailway Pacifio Lighting Packard Motor Car Paramount Famons Lasky Panusylvania Railroad... Fennroad Corporation.... Phillips Petroleum
..
Public Service of N. Jersey Radio Corporation Beynolds Tobacco."8" Sears" Rooback Shell Ution Simmons Company Southern California Edison Southern Pacific Railway Standard Uns & Electric Standard Oil of New Jersey Standard Oil of New York
Texas Corporation Torna Gulf Sulphur Timken Roller Bearing
mns America... Union Carbide à Carbon
Union Fucid Railway...
...
United Aircraft & Transport... United Corporation
United Bas &"Improvement, United Dry Docks
U.S. Rubber
C.S. Steel
|
Vanadium
+42
Warner Bros. Pictures Westinghouse E. & M.... Woolworth
52 51
6 61 30 231 6013 210) 208) #47)
31 ***) Umy. 331 Ung. 21
201 159 1561 701 74
18 19
INCREASE IN DAIRY FARM
PRICES.
RESULT OF THE FALLING "
DOLLAR.
To compensate them for the low rate of exchange an increase in the retail prices of their products is indiented in the case of the Dairy Farm, Icc and Cold Storage Co.. Ltd., ny from July 1. We are in- formed that they are reluctantly compelled to put the increases into effect, though this has been done after giving customers the full benefit of stocks imported when ex change was more favourable."
The Dow Jones average for 20 rails was off 1.45 to 129.60. New York Central was down 17 to 1553. Pennsylvania was off to 70. Erie was off half a paint to 374, B. & O. was off to 101k Canadian Pacific was off four paints to 187 and Union In the case of fresh milk, the in- Pacific was down two points to 2031.crease will be one cent per bottle. Among the automotive issues. Everything used in the production General Motors closed at 394, off 17. and handling of milk kas
be im Chrysler closed down half a point to ported with an enormous increase 23 Hudson was of 1 to 273, in coat owing to the fall of the Packard was off to 13 and Mack dollar, and the slight increase in Trucks was up an eighth to 50. a' commodity which has stood at a Coppers continued weak though popular price for many years seems Anaconda closed up an eighth from therefore to be inevitable in the yesterday, 434 Kennacott was
present circumstances when every off to 381, Nevada Consolidated thing seems to be on an upward was off a quarter to 13. American trend. Smelting was off to 56 but Calumet & Heela was up an eighth to 142.
The Dow Jones average for 20 utilities was off 2.54 to 78.54. American Tel. & Tel. declined 3 to 203 and International Tel. & Tel. was off a point to 42. Radio Corp. was off 2 to.33%. Standard Gas
||
at
3.
was off to 87, Columbia Gas, was off 2 to 61. and Consolidated Gas was off 1 to 102.
Kroegr Grocery held General Food was down to 53. International Harvester was down 1 to 78. Montgomery Ward was down to 34), and Sears Roebuck was down 2 to 673. Fox Film "A" was down 1 to 20 and Paramount was down to 53, with Warner Bros, down 1 to 41.
QUOTATIONS.
New York, June 23. Market wenk. Business done; 1,906,810 abares.
June 20 21
24
American Tobacco B
234
Adama Express .......
American Can. 194
American & Foreign Power
American Holling Mill...
American Smelting
**
American Tel, & Tol
American Waterworks...
Anaconda Copper
Atlantic Rofning
Baltimore & Ohio
102 101
Bethlehem Steel
Borg Warner
Calumet & Heels
Canadian Pacião Railway Chaanpoake Corporation Chicago Hock Laland Chryslor
BL 82
STRIKE OF SHUNTAK"
SILK WORKERS.
DISPUTE SETTLED BY KUOMINTANG,
A strike has been declared by the female workers of the silk filatures in the Shuntuk district, the largest silk-producing area in Kwangtung, where tens of thousands of women and girls earn their living in this manner.
According to the Chinese Press, the female workers of the Shy King Filature in Sha Kino Village re- cently demanded the dismissal of the foreman on account of his alleged oppressive acts; they aleo demanded an increase in their wages under the pretext of the high cost of living. These demands were refused and a strike ensued; the workers of other filatures striking in sympathy.
110 1101
On Monday last, they marched to 62 81 Alatures and demanded a reply, 641 511 whereupon their employers shut the 571 687 | gates to prevent possible distur- 2064 203 Lances. The workers also storined. 229 225
the office of the Justices of the Peace, who were requested by the owners of the filatures to persuade the strikers to return to work."
Through the mediation of the 27 28 district Kuomintang, the dispute 141 14 of the workers of the Shu King 191 187
Filature was subsequently settled,
48 481 341 331
80 77i
69 and they resumed work on the 25th, 108 1089 and it is expected that work in 20 253 the other flatures. will soon be
28 971
resumed.
at $1,300, but some demand häving set in for the shares the price has been lifted to $1,530.
Marine and Fire Insurances.- Unions are slightly friner with. transactions reported at $450/$453. China Fires continue in demand n $400, Hong Kong Fires might be obtained at 8955.
Cantons at $550
are unchanged.
'Shipping-Douglas Steamshipa can probably be placed at $24. Hong Kong, Canton and Macao Steamboats have fallen away to $231. Waterboats were dealt in at: 831).
Docks, Wharves and Godown. Kowloon Wharves advanced at $178 but close with bayers at $175. Whampoa Docks are still on offer at. 830, although a sinal! parcel changed hands at a lower rate. A spasmodic demand "for China Pro- vidents raised the price to $5.85 and resulted in a fair turnover. They are enquired for at the case at $5.70. There are buyers of Hongkew Wharves at Tis 203. New Engineerings at Tis. are unchanged.
*
$24
T130 1.61
1.263
$32
2i/-
+4
Lands. Hotels and Buildings- Hong Kong and Shanghai Hotels were dealt in to a fair extent nt 13.351231240) $12:00 to $12.1. Hong Kong Lands 885.65 166 the marked as $851 to $861. Hum have stiffened and were taken off phreys Estates fetched 816.80. 80.80, and continue in demand at Sales of Realtys were reported at this figure.
8844 827.70
Public Utilities.-Hong Kong Trams have advanced to $20.50. Hong Kong Electrics were dealt in fnir quantities up to 861. "Star" Ferries are a bit higher with buyers at $81. China Lights (Old) are enquired for at 827.85 after trana- actions at this figure. Telephones have had a further rise up to 8191. Peak Trams (Old) are saleable at $18.901 8111,
$274 T.18
$201.00
Water-bout ....................!
Raubs ********
Tronoh Mines
Docks, Wharves,
Godowns, sto.
Chin. Entertainm'ts.
Fublic Utilitias
Tramways
Peak Trums (old)... $11
1. Lights (old)...... $27.90 $25
DATE and TIME
Saturday, 28th,
*Strass, Ceylon, fedis, Mauri ins, E. and
to Africa, Egypt and HUROPE viny Mate-que Marseilles, 2nd Aug. J Rangoon via atmiņa ....
Lakote
1033
Hong Kheng
$175 $31
$177
H.K. & K Wharfs... 9175
$177
Parcols
$5.80 $39
Providenta
$5.70
Straits and Calcutta
Tulois...
WEAT***]|
H.K. Docks
239
Beg."
6.00
T130
Shanghai Docks
T.139
Shanghai and *SURUPE vis Jiberia
fleylon
Lot LOTN
1.73
New Engineerings
T8.30
Manila ver
Pres. Fillmora
144
Hongkews
Sunday
11,34) &. NDOD
100 M
DAUPM
SWIM
19th.
Cotton Mills
Ambyin
Kingyuren
6.30 AM
Bangkok via Swatow...
teangchu
T.131
Ewos
Ti3.30
T.86
S'hai, Crons (ok)...)
T.85
De. (new)
T.10
Zoong Sings.
T.84 T.101
Lands, Hotels and
Bulidings
H.K. & S. Hotels
$12.40
144
B.K. Lands
$86
Shanghai Lands
89.85 $9.90
H.K. Realtys $0.50
$9.70
$16.60 Humphreys
$16
$98
Chinese Estates
Swstow, Amo; and `k'ormoss
Uczan Muru
· Japan, *Houslaju & "South American. Ports Bovuyo Maru
Swator...
Japan, Monolala, U.8.A., Canada, U., and
N. America and "EUROPE via ons) Francisco-due ban Francisco, förd July)
Shangbai and *EUROPE vis dileria Amay
Bataria ...
Pria, Cleveland (Beg.
YOU A
પા
Monday, 39th,
Bydrangea
3.00
3.00 PM
4.15 M
Fres. Cleveland He Sung...
Lowers Bug.
LOLETS
5.10 2.M
6.00
5.10
M
-JOLY Luesday,
18,
Trisulal
9.30 M
Kowloon 10.
310
wagon, "Straita, Ceylon, India, Mancıtına,
East and South
Bog. UW AM
Alcica, durs,
Porthos
|Leitors: 10.00 A, ».
$20 $114 $5.65
20.60/
Egypt and BUROPE v. Marseilles | -Cue Marseilles, 2nd Aug...
4.2.0,
|||Bag.
liit
Leters
Noon..
136
Straits, East Africa via Mombasa sud
Do.
***
(new)... $54
384'
Star Ferries 884
$23
Lv. (new)........... 9231
South Africa via Laprenco Marquee | Kamukura Maru Fort Bayard, Loshow, Fakhoi aut naiphong Tonkin, Swatow, Anidy and hoochow
10.3J & M
Noon
***
Hosching...
Aoun
$801
$11
$31
H.K. Electrica.......
$81
$81
**
823
Macao do.
Wednesday, ind,
Sandakan Liglita ........
$19
$181
Swator... Amy
Chakuung Talykai...
BARU O A
0/0.
18/0
Do.
changhai, Japan, Honolulu, Udiễn "Canada, Central and South America, and *EUROPE'via Ban Francisco- dae San Francisco, 24th July, and
EUROPE via Siberis
Beg. $.00 dama Muru haraday, Sed,
8.30
*
Thursday, Brd,
T.111
Caldbeck, (ord)
T10
Macgregor/pret.)
Straits are Mandis
Van Hanta Limp of Canada...
9.00 À 24 5.00 X
Canton Icea
in demand at $31. Watsons have $19.15 819.20 19.20/2 receded to $12). Amusements are $131
$19
Do
are öffer at $28 Sales have taken place of Hong Kong Government | 810.60 Loan at 9 per cent. premium.
(old). Do. (new)...
810
810.40
China Sugars.
$37
$19.20.18.75/ 19.20
$124 $61
229
10.30/50
Manis, Bandakan, Australia (excopt places south of Townsville) sad "Nen "Zealand vin Thursday Island - Jue Thursday Jaand, 19th July Swatow, Amoy and Poochow
St. Albions
Friday,
Parcels
[Bog:
Haryana
25
United Asbestos ***
Straits, Ceylon, India, Magritius, E. and B. Africa, Aden, Egypt and KUKOPA via Marcellin-dae Marweision, 3rd August)
Karmala
LLIOTE
Noon
1.45 PM
2.30 P 4.0J PM Kowloon P.U. Parcels
4,30 F og, 5th, 9.00 am Letiam 10:00 a R
Far,, 4th, 5.09 M
Bog, 5th, 9.40 AM
Lotters 10.80*
Saturday, 5th
Abanghai, Japan and *EÚROPE via Siberia Siberia Maru Mania, Australia and New Zealand val
„Brisbane,ndas Brisbane 19th July ...}} Brisbane Maru
Įdeg.
Lettera
113 $24
69%
Bandakaa
$109
Straits and Calcutta .......
Strata, Ceylon, India, Mauritius, E. and
1.4.15 r m 5.00 za
Sunday, 8th,
9.00 AM
Miscellaneous-Green Island Ce- inents (Combined) have shown re- newed strength and were dealt in at various rates up to 8104. Dairy Farms are asked for at $20. Hong Kong Ropes have registered a fur- ther rise and are in demand at $10.00.Lane, Crawfords continue
Cotton Mills.-Ewos are offering at Th, 13 after sales at Tis. $3.40. Shanghai Cottons are unchanged.
Rubbers.The price of raw rubber is alightly better, to-day'e rate being 6.1-10d. per pocnd, and latest quotations from Shanghai are as follows:-
11
Anglo-Javas Anglo-Dutch Batu Anama
Chemors... Consolidateda Kroewocks Repahe
Tanah Merahs
Tebongs ****** Ziangbes
**4
*2+
25.20/90'
$1
$1.90
Tetaphones
Do. (Fully Paid) China Buses ........
Tractions
(pref.)......
Industrials
Cements (comb.).
Do.
Roper
Malabon Sugars
Miscellaneous
Dairy Farma
Der A. Wing5.........
Amusemente
Constructions
Lane Crawfords
Mackintosha w Nanyang Tobacco... $11.30 Sinceres (old)...
Do
(new) Watsons ........
$2.85 Wm. Fowells .........................
Buyers. Tis. 8.10
818
#
3.25
0.50
1.20
2,40
1.80
85%
1.25
91%
9%
J.05
1.85
6.00
rate
on
Exchange.-The T.T. London la 1/3 and on Shanghai 85.
Forward Settlement Days.--July 29, August 26 and September 30.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE:]
Paris New York Brussels Geneva
RUGBY, June 26.
123.77
4.80-1/32
B. Ind. G.8 Bonds...
prem. H.K. Govt. LoadTM....
$25.75 $26
BABL
$1.00
$3.20
AMERICAN STOCK · QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor- respondents, Mesars. Hayden, Stone & Co., of New York, by Meter. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:-
New Yonx, June 26, 1930.
Tone of Market Strong. No. of Shares done-2,500,000. Call Money-9 per cent.
American Smelting
Last Dividend.
Afrion, Egypt and HOROPE via Marseilles-dus Marseilles, 6th Aug,
Amoy
Meury...
foo.day, 6th, Parcels Lotter
Noon
Hector
1.00 r.
Bowlvin P.0.
Letters 4,30 PM
0.2.0. Keg 6,007 Letters
6.00 M 5,00
480P H
Tumtang
Wishing.
Wedemday, 9th,
1.30AM
Latest
Sales.
*Superscribed correspondence only.
87
Anaconda Copper.... Baltimore and Ohio.
51
100
34.823
Borg Warner
23
Continental Oil.......
25.075
Amsterdam
12.001
City Service Commons' 2000
20c, A
Curtis Wright Common
None
Cities Service, Common Columbia Gas & Electric
634 81
Milan'....... Berlin Stockholm
02.76
Eastman Kodak
SB
Missing Missing
193
20.303
Electric Boud and Share
ес
18.09
Erie Railroad
None."
Columbia Graphaphone Commercial Solvents... Commonwealth & Routhern ... Commonwealth & 9. Warri Consolidated Gna, of N. Y.
18 181
Copenhagen
18.16
General Motors
221 21 137 134 31 10411021
Op
18.15
Vienna
General Ry. Signal
5
34.425
SHANGHAI COTTON
Gold Dust
21
Continental Oil...
20 191
INDUSTRY.
Corn Products ...
92
Curtian Wright, Common
74
7 SHORT TIME AT EWO. MILLS!
Davison Chemical
"Eastman Kodak
Electric Bond & Share...
Erie Bailway..
For Film "A"
General Electric
261 262
Prakue Helsingfors Madrid Lisbon Athens
163 193
Goodyear Tire and Rubber
WHEN YOU ARE DUE FOR LEAVE
Send a Chit to 11. Ice House Street,
and order the Hongkong Weekly Press to be sent to you for—
Granby Consolidated
42.45
Hadson Motors
Miuing
108.25
International Cement Crime
373
International Nickel
Du Pont de Nemoura ...
108 104
Bucharest
BIR
Three months
41 BDI
· Genoral Food Tan
General Motors 14.
General Eailway Signal
Gold Dust
192 1854 ··Mr.. F. X. A. da Silva, 'Sharn and 701 71 General Broker, has received a 371 37 telegram from his Shanghai agents advising that is rumoured that the Ewo Cotton Mills will be going on short time at the end of July. 701 78 The market is weak, with sellerst 37 881 at Taels. 12.80.
pot est 631.03
411 888
Buenos Aires......
Shanghai...
Hong Kong
Rio
& 8/16
Montgomery Ward
Nevada Consolidated. Coppeż.....
17
40 9/10
Bombay
1/5 25/32
Radio Corp.
None
38
Six months.
Bears Roebuck & Co...
2D
Yokohama
Silver (spot)
Silver (forward)
1/3. 1/3 2/07/16
15 15 5/16
Simmons Co.
3E:
Twelve months
Standard Oil Co. of New York
1.00
Union Carbide and Carbon
2.60
U.S. Rubber
None.
United States Steel ......PET)
$3.75
$7.50
$15.00