12
Money and Markets
NEW YORK STOCK
-EXCHANGE.
com
SHORTS COMPELLED TO COVER.
SOME NEW HIGH LEVELS REACHED,
(UNITED PRESS).
New York, July 10-A sharp recovery eccurred on the New York Stock Exchange to-day, and the shorts were compelled to cover in most groups, says, the daily review of the Dow Jones Financial News Agency.
C:S Steel led in the advance, and closed up 21 to 1391, bus the railroads showed the biggest gains and the Dow Jones average for 20 rail issues was up 2.77 to 132.28. Pennsylvania closed up a half to 73: New York Central closed up. two points to 102; B, & O. was up 2th 106; Canadian Pacific held at 188; Rock Island was up a point to 103: Union Pacific was up to 218 Southern Pacific was up two points to 1174; and Erie was up a .point to 43.
r.
The general list was quite steady, and new highs were made in many issues at the close of the market.
CANTON TRADE
NOTES.-
-----The ---total---quantity of foreign. piece goods imported during June was 2,378 rolls, a decrease of 8.421
rolls during the corresponding period of last year.
For the past few days, the cotton yaru market has been very quiet and quotations have further dropped. No revival is expected in the immediate future.
*
ائر
Foreign sugar was imported in very large quantities during the past fortnight quotations being low, Recent arrivals are not so plentiful and prices have become normal.
[THROUGH REUTER'S AGENCY.]
SHANGHAT. July 15. Owing to the depression, the Ewo and Sansing ection mills have suspended night work,
SOCONY DEVELOPS OIL REFINING.
DOUBLING EXTRACTION OF PETROL FROM CRUDE OIL..
[REUTER'S AMERICAN SERVICE}
Supplies of Chinese fertilizer have been very abundant lately. Last week over 30,000 catties of bean eake were imported from Shanghai.company; Demand is brisk and quotations are steady.
Over 4,800 piculs of four were imported "into the city during Inst month. The majority of the amount is Chinese flour from Shanghai There are several small flour mills in the city but the amount produced is Very limited.
NEW YORK, July 14, The Standard" Oil Company "of New Jersey bas organised a new entitled the Hydro- Patents Company, "under which a new process of oil refining will be made available to 17 affiliated con- cerns here:
IN SHANGHAI.
HONG KONG DAILY PRESS, WEDNESDAY,
JULY 16, 1930.
COTTON DEPRESSION DAILY SHARE QUOTATIONS.
SHAREBROKERS' ASSOCIATION.
HONG KONG STOCK EXCHANGE.
MILLS DISCONTINUE NIGHT
* WORK.
Buyers
Bellars Sales Nominal
TUESDAY. JULY 15.
Buy Seller Bales Younes)
FOREIGN MAILS
RADIO NOTICE.
Individuals, and Arms are recommended to register their tele graphio address at the Radio Office: No charge is made for this.
INWARD MAILS.
Banke
FROM
PER
DIE
1,318 $1,518
£17)
107
H.K. Banks) $1,500
Do. (London) ........ Chartered Banks ...
$1,300
Shanghai and Swarow
Soochow ...
18th July
£163
JAVA
Tyileboot...
16th July
£991
Mercantile Bks. "A*
499
BARAUL
Kremerhaven ...... 25 4.
16th July
**
Do
O
£120
AXOT and SWATOW...
Gremar
18th July
JURI
Bank of East Asia...
$113
HANGHAI ANI AMOT
Nabah sang
17th July
Astor....
Takliwa
17th July
JAPAN...
Montevideo Maru
17th July
Insurances
8940 $2.65
Canton Insurancos.. $930
Underwriters
12.65
#
$2.70
1.180
North China
T160
London, 19th Juno, and parcels, Jund)
EUROTE via Susz (Lutters and papors,
Rajputana
17th July
***
JAPAN, SHANGHAI and EUROPE is
Siberia (London, 29th June)
forea
***
$448
Union Insurances ... $442
$445
M.850 Yangtare Insurances
$60
$400
China Fires
USA, CANADA, Jiran anữ suANDBALĮ
(Beattie, 29th June)
Pros. Tafi
8400)
*11
MANILA
Sip, of Buria
18th July
18th July
3 th July
3960
H.K. Fire's
3950
***
U.S.A, HONOLULU, JAPAN and SHANG-
Shipping
HAI (San Francisco, 25th June)
Chichibu Maru
fist July
JAFAX..
2
Aki Maru
219: July
Limi
$24
Douglases
$24)
Steamboats
524"
U.S.A., HONOLULU, Japan and SHANGHAI Į
(San Francisco, 27th June)
+14
Pres. Fan Buren,
26th July
$43
Indos (pref.)
$43
Do. (def.)
$10
U.S.A., Honolulu, Japan and Shang-1
HAI (San Francisco, 4th July.. Japan and SHINGHAT
י
Pres. McKinley Yokohama Maru
28th July
18th July
97/8
Shell Transports ...
$32
Water-boats
Mining.
$244
1.294-
Benqueta.
31,6
Kalans ni
Langkats (comb.)...)
T.8
Do (single)
51/- TE.H
T.:
}}
OUTWARD MAILS.
REGISTERED and PARCEL MAILS are closed 15 minutes aarlier 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 pim- op the previous day.
Explorations.....
T1.30
PER
Shanghai Loans ...
Fox
Rauba
821
31/-
Troach Mines.......
21/
Docks, Wharves,
Godowns, etc.
$168 $170 Suk
$170
HK & K Wharfa...
SITO
$5.46
Providents
$5.50
530
H.K Docks garchse
838
Ang, and EUROPE via Siberia Swatow ...
1.122
Shanghai Docks ....
Amoy
T.7
New Engineerings
T260
**
Hongkews
Straits ...
Cotton Mills.
Amoy and Formosa via Swałow
Haiphong
་
1.114 T11.60
20.
Ewos
T11.80
Swatow...
Shangbal, Japan, Canada, U.S.A, Q and¶ 8. America and EUROPE v Vic. toris, B.C.-due Victoria, BC., 6th
Hangsang Taiyuan ...
Gremer
Thursday, 17th,
10.30 A
·2.30pm
3,00 PM
DATE and TIM
Hikawa Mari
Wednesday, 18:b,
8.30A*
8.30 5.00PM
10.80 A M
"Deli Mari Gov. Gen. Merlin
*** Hydrangea
T.78
S'hai, Ctons (old).......)
T.36
Straits, Ceylon, Indis. Mauritius East)
and South
TS
Do. "Zoong Sings ....
(new)...
1.84
T.10
Landa, Hotels and
American Ports...
Shanghai, Japan and *EUROPE via Siberia Bajputana
*South Africa and
Montevideo Maru
5.00 2 M
Bulidings
Calcutta via Straits
$11
H.K. & S. Hotels... 311.60
$11.70
$85
H.K. Lands...... $542
Awatow, Amoy and Foochow
$54
1.275
Shanghai Lands
$8.90 29.1539
$164
H.K. Realtyses.
Humphreys
$16.80
$98
Chinese Estates....
Straits, Caylon, India, Mauritius, E &
South Africa, Adea Egypt an RUROPE in Marseillendoe Mar- seilles, 15th August
Straits and Calcutta...
Japan, Honolain, +0.8.A., Canada "C.) and 3.-America and EUROPE via San Francisco das San Francisco, 18th Aug.) Shanghai and EUROPE via Siberia
18th,
8.30 AM
Noon
1.00 PM
2.00 1
Kowlook P. 0. Parcala
430
Beg,19th, 9.00 ▲ M Letter 10.00 A'» 4.P.O.
--|Par:;18th, 5.00 PM)
Beg, 19th 9.45 Letters 10.30 ▲ M
Saturday, 19th,
10.00 AM Parcela Noon Letters 1.00 PM
Soochow ***
Ho Sang
Taiyo Maru
Reg. Letters
Reg
Taiyo Maru
Kiungohose Canton Maru Hinamy Kaying
***
4.15 1 =
5.00 T
M
-5.00 Letters 6.09 P M
Sunday, 20th, ・・
8.30 A
9.00 & M
9.00 AM
9,00 AM
Friday,
14
Takliwa....
Parcela ...Letters
- Hai Ning...
Morea
45
Some 3,087 picnls of waste silk were exported during last month; General Motors led the rise in the showing a decrease of 542 pieuls Of over the preceding month." motor section, closing up 1 to 12.
this amount, 1,549 piculs were ex Chrysler was up a point to close at 28 Packard was up a half to 131.ported to the United States while Mack Trucks gained three points to close at 54.
Goodyear was the feature of the rubbers, gaining 43 to close at 62 Goodrich was up an eighth to close at 253. U.S." Rubber was up to close at 22.
Bull Operators Becoming Interested.
A this was the second day of the advance, there was revived talk of bull operators re-entering the mar
the rest went to France.
The quantity of raw silk exported abrond during last month totalled some 9,710 bales against 6,750 bales over May. The quotations during" last month show a further decline. The average price of No. 14/18 was H.K. 3693 per picul, No, 13/15 H.K. $883, No. 20/22 H.K. 3636, and No, 22/26 H.K. $625,
The process, which is claimed to. yield a double quantity of petrol from crude oil, has been developed by Standard Oil engineers, collo. borating with those of the German Dye Trust.
AMERICAN "WHEAT
PROBLEM.
PRESIDENT TO TAKE NO ACTION.
(NEUTER'S AMERICAN: SERVICE. )
WASHINGTON, July 14. It is officially stated that Presi
not intend to dent Hoover does take action on the wheat situation' beyond holding advisory confer Chairman of the Farm Board, which body will be left in entire! charge of the situation,
SAIGON RICE MARKET.
ket. Call money continued at Since the conclusion. of the fight-ences with Mr. Alexander Legge. per cent, with time money at 24ing in Southern Hunan, trade con- per cent. for 60 days and 2 perditions in Northern Kwangtung eent. for 90 days.
have revived. Large consignments of fire-wood, tride, paper, eattle, poultry and other products of the North River districts have been imported, while considerable quan tities of cotton yarn, piece goods, edible marine, products and foreign goads were sent to the northern districts from Canton, On the West River districts, trade conditions have again become disappointing on account of military activities.
The leading utilities were in strong demand, with the Dow Jones average up.2.05 to 82-45. American Tel. & Tel. closed at 210, up 3, with International Tel." & Tel. up to 44 Radio Corp. was up 1 to 37 Cities Service was up to 26. Columbia Gas was up two points to 63, Consolidated Gas was up 28 to 1091 and Standard Gas
was up to 901. Southern Cali- fornia Edison was up 1 to 58. Public Service of New Jersey gain- ed 3 to close at 03.
The Dow Jones average for 30 industrials was up 5.35 to 27.39, with Bethlehem closing up to 811, Westinghouse up five points to 138, General Electric up 1 to 08, Eastman Kodak up 8 to 203, Du Pont up 31 to 103, American Can up 3 to 1914 and Commercial Sol
vents up to 23.
Anaconda Copper was up, ag eighth to close at 50 with Kennecott up a quarter to 384.
Sales for the day 2,107,050 shares.-
QUOTATIONS.
Market. strong. Business done: 2,167,050 shares.
Adamu Express...
American Can.
American & Foreign Power
American Rolling Mill...
American Smelting America
American Tel
Tul
American Tobacco "B"
American Waterworks... Anaconda Copper
Atlantic Refining Baltimore & Ohio
Bethlehem Steel
Ba Warner Borg & Hecia Calumet Canadian Facile Railway Chesapeake Corporation
Taland... Chienge Bock Chrysler...
totalled
234 237
84 801
49 GU
35 86
... 103A, 100
BUJ BI1
181 151
00037
102 10
... 185 186
104 106
THE RAUB. MINES.
JUNE OUTPUT.
We are informed by the Rauh Australian Gold Mining Company. Ltd., that the output for the four weeks ending June 19 was 1,833
ounces.
EXCHANGE RATES.
(BRITISH WIRELESS SERVICE.]
RUGBY, July 14′′
123.02
Paris New York
Qulo... Vienna Prague. Helsingfors Madrid
Lisbon Athens Bucharest
Rio Buenos Aires
4.36 17/22
New York, July 11.
Brussel,
34.621
July
10
Geneva
25.02!
281 261
Amsterdam
12.09)
118 1211
Milan
92.87
จ
51 612
624 64%
Berlin
20.384
...2001 210
Stockholm Copenhagen
18.10 13.152 19.10 34.434
164
1931
41.65 108) 376 818"
$ 15/32
401
Bombay
1/5 25/32
Shanghai
1/6
Malt 521
....01
€3
Hong Kong
1/3/
Yokohama ..
2/01
$171
221 23
Silver (spot)
10
18
14
Silver (forward)......
137
31
107 100
201 202
04
New York Central
71
16) 161 *1*180* 162 73 74
13
781 181
55 58
76
781
113 114
821 021
961
351 37
30
Cities Service, Common Colgate Palmolive Peet Columbia Gas & Electria
Columbia Oraphophone Commercial Solvents...
73283
261 201
Commonwealth & Bouthern Commonwealth & 8. WATT...... 3
Consolented as of N. Y.
Continental Oil...:
Corn Products ....
Curtiss Wright, Common
Du Pont do Nemours... Eastman Kodak
Electric Bond & Share...
Erie Railway For Film
Genura
Electric
Guneral Food
***
General Motors...
Genera
Bailway Signal
L
Gold Dust Goodrich Bubber
1000 Goodyear Tire & Rubber Granby Great Northera Certificates Hershey Chocolate
.89% 103
Nevada Consolidated Copper .....
Northern Pacifio Railway. Pacific Lighting
... 195 200) Packard Motor Car
763 791 Paramount-Publix Corp.
42 43
Pounsylvania Railroad...
20) 401 | Pennroad
421
Public Service of H. Jerany...
Corporation...
681
Phillipe
Petroleum
541 85
... 41
Muti 801
Radio Corporation Reynolds Tobacco
"B"
40 Muth.
Bears Roebuck
871 62
Company
Cement... al Combustion Eng International Harvester International Nickel International Printers Ink
onal Products Com.... Tutoraational Tutorial Tol. & Tel
Essmerett Krauger & Toll
Kroger Grocery... Liggett & Myers "B" Lowes Inc.
•Ludlum Steel.
Mack Tranka!
Missouri Pacific Montgomery Ward
251 20 Shell Union
874 62 Himmons
21 214 Southern California Edison
88
50 641 67+ 19 101
221 21
751 96 Southern Pacific Railway.. 115 117
87 014 Standard Gas & Electric
63
00
ཉ
Standard Oil of New Jersey
Standard Oil of New York
| Texas Sulphur 38 49 Timken Roller Bearing
UB
America... Trans 431 44 Union Carbide & Carbon 734 78 Union Pacific Railway...
Kraft & Transpor
301 831 Texas Corporation
881 8817 Unitedoration
20
257
United Hasked Gas & Improvement United 301 B11 United Dry Docke
65 ·003 | 0.8. Eubbor
...:24 -24) | D.3. Stoel
2 014, 844 | Vanadium
62 Mutl Warner Bros. Pictures 341 25
Westinghouse E. & M......... Woolworth
(Continued of foot of next column.)
19
88 901
60
311321
611 612
634 544
htt
581 281 26
218
NO DEMAND FROM, CHINA.
The Société Indo-Chinoise 'de Commerce, Saigen, have issued the foliowing report under date July
5:-
During the last week the market has been very quiet with practic- ally no businesa.
Contrary to what was, expected there has been no demand from China From Juva also, since the small business effected during last
week, no further demand has been
received.
Demands from France have been very poor with business possible only at very low prices.
Consequently, prices went down again, and on the closure of the market, they were back to their starting point of the rise last week with a weak tendency,
Closing prices stand as follows: No. 1 Long 95 per cent, and No. 1 Round 25 per cent.-124 francs per 100ks. 7.75 guilders per Jave pikol; 6.20 yen per picul; 10/7, per cwt.
No. 2 Japan 40 per cent.-130 francs per 100ks; 7.48 guilders per Java pikol; 6 yet per picul; 10/3 per cwt.
Brokens 1 and 2.-117_francs per 100ks.: 7.20 guilders per Java pikol; 3.78 gen per picul; 9/10 per ewt,
F.O.B. Saigon. Shipment July/ August.
Paddy Prices are very slowly declining. Arrivals from the in- terior are small but mills are still well supplied, and detentors are hopefull of better prices and are not at all in a hurry to sell.
BERLIN STOCK EXCHANGE.
Berlin, July 10-The stock-ex change to-day' continued to rally. with a marked increase of the volume of trading"
NEW YORK RE-DISCOUNT- RATE.
[UNITED PRES3.]
New York July 10-The redis- count rate of the New York Federal Reserve Bank is unchanged, it was announced to-day.
U.S. MOTOR CÄR PRODUCTION.
DECLINE OF 39 PER CENT. REGISTERED IN JUNE.
LUNITED FRERS !!!
New York, July 10-Figures re- 35 861
41 Unq leased to-day on automobile produc- +421 22
tion in the United States for the month of June showed that a de $142cline of 20 per cent, was registered under the previous corresponding 554 574 period.
1571 159
79 822
133188
T1.30
$124
$87
Public Utilities
820
$20.00 $20 10
Tramways
$85/87 8264 $28.90 $26.80
$22 $781
$20 15 Pesk Trama (old)... $12
Do (new).....} $8 Star Ferries manu
186
$20.15
Swatow ...
26.80/190
781
379
+81-1
$211
3212
T.18
10/-
6/0
Amoy
Swatow, Amoy and Formoss
Bandakan
$18.80 $10.10
C. Lights (old)................
Do.
(new).... $214 H.K. Electrics.
Macao do.
Sandakan Lighita .......
Telephonesome Do. (Fully Paid) China Buses Tractions
Do. (pre).....
Industrials
Canton Ices $2.25
Cements (comb.). $18.00 $18.35 818.75
Do- (old)... $13 $13
Bangkok via Swatow..
Shanghai..
Japan, Canada, U.S.A., Central and
South Americs and
8th August
L10
Tiu. Macgregor (pref.)
Caldbeck, ⋅ )(ori),
8131
Do.
(new)...
$10.85 $11
$10.85
Zopeu ༠༤...
China Sugars.
827
#6
Malabon Sugars
United Asbestos
Miscellaneous
Dairy Farms....... Der A. Wings.........................
$24.90
$1
$25
$25
$261 $1,00
Amusements.
$36
Constructions, menda
$1.90
$3
Lane Crawfords ....
83.20
$18
"Mackintoshs snaras
Nanyang Tobacco...
Do. (Dew).........
$12
$2.85 Wm, Powells
3 B. Ind. G.8 Bonds...
B+%
prem. H.K. Gort. Loun $10
BHA #109
$11.3 Sinceres (old). 8.11.
Watsona „..............................**
Chin. Entertainm'ts.
Katori Maru
EUROPE via{
Pres. Jockson
Victoria, B.C.-due Victoria, B.C.,
$10.85
Reg
Shanghai and *EUROPË vis Siberis
$19
Foodbow....
Pres Jackson Team Cheong Shing
Lesters
Bog
Aki Maru
AMERICAN STOCK QUOTATIONS,"
LATEST WALL STREET PRICES.
The following quotation have been received from their ear- respondents, Messrs. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (crble address: "Swanstock," Shanghai), who are not responsibla for cable mutilations:-
Tone of Market-Firm.
No. of Shares done-2,500,000,
Erie. Railroad ....
General Motors
New. Yoxx, July 14, 1930.
Call Money-2 per cent.
Last Dividend.
Latest
Sales.
American Smelting
4
Anaconda Copper
Baltimore and Ohio .............................
2.50" 7:
50
107
Borg Warner
3 A
Continental Oil
None
21
City Service Commons
300, A
27
Curtis Wright Common ... Eastman Kodak
None BB
7
Electric Bond and Share,
BC
Missing
82
None.
42
General Ry. Signal .......
Goodyear Tire and Rubber Granby Consolidated
8
Last Div.
International Nickel
I
Montgomery Ward
3.
Nevada Consolidated
1.50
2. Radio Corp
Sears Roebuck & Co. igehigarrialbag),
Simmons Co...
Standard Oil of N.J..
Missing.
Btandard Oil Co. of New York
2.00
Union Carbide, and Carbon.
2.60
U.S. Rubber ****
None
United States Steal
Gold Dust
International Cement
ARÉ BAESEng
Foochow via Swatow ...
Manila, Australia and New Zealand via Thursday Island-due Thursday In. land, 4th Ang.....
Manila, Australia and New Zealand via]]
dus Thursday Tarping
Thursday Island
Island, 2nd Aug,
-
Wei Hai Wai via Swatów and Foochow Swatow, Amoy and Foodbow...
Straits, Ceylon, India, Mauriting, B. and Edit, and EUROPE Vis Marseilles due Marseilles, 22nd Aug.
Shanghal, Japan, Canada, U.S.A„, U. and E. Americs and *EUROPE via Vac- courer, B.C.due Vancouver, B.O., 9th Aug., and *Europe via Siberia ...
Huichow
Hatching...
Achilles
Monday, 21st,
Parcels
-10 30 AM
Beg. Letters
2.00-P.M 4.15 »
5.00 P
.. 5,00 PM
6.00
8.50 M 5.00 M 5,00
Let 22od,8.30 AM
· Par., 21rt,5,00 e m Rex.2ted,9.45 A, M Letter 10.30 a m
Tuesday, 22nd,
10.00 A M 1.00 M
Kowloon P.Q. Beg Letters
1.00 M
1.00 7's
G.P.O.
Reg
1.45 PM
Letters Parcels
3,30
6,00 PM
Emp. of Duina
Kroongang
Swatow Rabon!
Amoy
Bremerhaven
Bui Sang
*Superscribed "correspondente daly,
Wednesday, 23rd, Lox. 9.15 & 2 Leiter 10,00 A M
Wednesday, 23rd.
8.30AM 5.00 M
Thursday, 24th,
5.00PM
YOU KNOW
YOU WON'T WRITE
So better send your old mess-mate
a Weekly Press while he is away.
Let as have his Address, and send
us $7.50 and we will send it to him
FOR SIX MONTHS