LIVELY COMPANY JAPAN AND THE U.S.
MEETING.
"I SHALL HAVE YOU THROWN OUT."
TARIFF.
HONG KONG DAILY PRESS. TUESDAY, JULY 22, 1930.
NEW YORK STOCK EXCHANGE.
BUSINESS SLUMP EASTERN NEWS IN
IN JAPAN.
BRIEF.
TO EXPORT SULPHATE OF ADVANCES RECORDED IN NO PLAN TO AVERT ACUTE PARS FROM EVERYWHERE.
AMMONIA.
There were lively scenes at the Sulphate of ammonia exports annual meeting of Mesare. Crossc from Japan to the United States may be realized shortly. As a re- and Blackwell in London last month, and the chairman threaten-sult of the recent revision of the ed to have shareholder "thrown.. tarifi, the import duty on
out.
Mr. J. C. Goff, chairman and managing director, "referred to the fact that of the profits made, the place directors had decided to £50,000 to the reserve, and to carry forward the balance. However much they regretted it, in the pre sent conditions of the country it was impossible to start paying divid ends.
Pounde-and Farthings.
sulphate of ammonia, Y10 per ton, has been abolished.
Taking advantage of the oppor tunity, the Nippon Nitrogenous Fertilizer Company and the Electro- Chemical Industry Company have been looking for American buyers the Mitsui Bussan They asked
U.S. Kaisha to approach the traders through the medium of its branch offices throughout the United States.
A certain American company has Mr. Goff emphasised that a com-shown interest in this business and pany such as theirs was bound to placed an order with the Mitsui for be affected by the change of prices 2,000 tons. The price and other con- in raw materials and the worldditions are now under negotiation. alump in trade.
The contract will probably be con- eluded in the near future.
Mr. Mason, a shareholder, said that in the balance sheet there was
Imports From U.S. an item on the nasets side of
Japan has been importing from £123,000 costs of the issue of De- bentures, and there was also an fh50.000 to 60,000 tons of sulphate of crease of £20,000 in goodwill, a ammonia from the United States total of £827,000, which he said was annually. The expected export from not worth 227,000 farthings.
Japan, therefore, is really remark able. Other sulphate of ammonia exporters are now watching the development of the initial business with the keepest interest.
Mr. Mason criticised the policy of the directors in buying new sub- sidiary businesses, and suggested that if these companies were any good the directors would want com- The sulphate of ammonia industry
in Japan was markedly unfavour pensation for the loss of office.
"This buying of subsidiary busi.able for the firet ball of this year. nesses is an obsession with the The Japanese producers and dealers were affected by the alleged dump- board," be added.
ine of the foreign producers, but the business results of the Japanese companies were all much better than generally considered.
Mr. Mazon contended that the company had not got the money to buy these subsidiary businesses, and this policy was like a sponge sucking up the liquid reserves of the Speaking direct to the company. chairman, Mr. Mason asked, "What are you getting out of this busi
ness?"
A Shareholder: Oh. £90,000 8 year. (Hear, hear and laughter.)
"Don't Be Offensive." The Chairman: Please don't be "offensive.
Mr. Whitney, "another share holder, alleged that Mr. Goff was receiving from £10,000 to £20,000 year, and was the only person who was really raaking money out of the business. ("Hear, hear," and some dissent.)
Mr. Goff (angrily): "That has nothing to do with you, and if you refer to it again I will have you thrown out. (Oh," and "Hear, bear.")
WHEAT AND COTTON.
..
PROFIT TAKING BY BUYERS AT LOW PRICES.
[UNITED PRESS.]
DEPRESSION.
Compensation amounting to $9,150 is reported to have been paid by the management of the Kiangwan Arsenal in respect to workers kill ed or injured by the explosion on June 3.
The Kuala Lumpur Sanitary. No noteworthy advice has vet Board has agreed to tear the cost
of floodlighting the Cenotaph night-" been
to the given
Japanese Premier, Mr. Hamaguchi, for by, at an estimated cost $450 per solving the national financial, dif- annum. ficulties by those experienced busi- New York, July 14-In the face ness-men with whom he has discuss of continued unsettlement of wheated pending financial issues. In his and cotton prices, the New York address at a round-table confer stock market resumed its advance ence of the lenders of the Minseito to-day, says the daily review of at the Premier's official residence on July 10, he said that there is Stock Exchange conditions by the
no other way to face the present Dow Jones Financial News Agency,
The market was active and there business depression than to continue was some profit-taking for account the retrenchment policy and carry of traders who supported the market during the recent declines out the rationalization of industries
in an effective manner. Sales for the day amounted to a total of 2,733,290 shares.
Best Prices at Close.
The round-table conference was attended by those Cabinet Ministers who are the party members, as well All groups benefited by the as the Chief Secretary and the Chief of the Legislative Bureau, on the advance, although there was mo- derate selling at noon and again part of the Government, together at two o'clock. The best prices,with all the advisers and directors the party, the total present being however, were registered during the as well as the Chief Secretary of closing minutes of the session when news was received that the drought persona, had been broken. These tidings, however, depressed cotton prices.
Among those who found low cotton prices of value were U.S. Rubber, closing up 3/4 to 29, and Goodyear Tire & Rubber which closed up 31 to 611.
Led by U.S. Steel, which closed averaged by Dow Jones were up "P to 163, the 30 industrials 4.08 to. 234.91 for the day. General Electric moved up two points to close at 72 American Can was up The prices of fish-guano and oil 3 to 126. Du Pont was up 4 to cakes are now remarkably low and 107. American Tobacco B gain. the sulphate of ammonia producers ed four points to close at 243, have been somewhat pessimistic as Liggett & Myers "B" was up to the future in anticipation of the to 94% and Reynolds "B" was up poor sales of their products. They 3/4 to 514. Curtiss Wright, com- considered that the only way to re- mon gained an eighth to close, at lieve themselves of the present un-7 and United Aircraft jumped 3 favourable situation was the pro- to sit. motion of exports.
The
producers
largest two (Nippon Nitrogenous and Electro- Chemical) have been so far export- ing their goods to China and the South Seas through Mitsui.
SURPRISE AT SOVIET
CONGRESS.
Moscow, July 14-The elections to the Soviet's principal political. excentive committees, the Pelit bureau and the Central Executive Committee, produced a great sur- prise when the leaders of the so-
Rail Average Up....
..
No Chance of Tax Reduction.
Besides the speech by the Premier, who at the conclusion urged the party to conduct a nation-wide campaign for the policy of the Government, questions were asked and answered as to measures which of the retrenchment policy to cope may be taken within the limitations with the financial situation. Among other things, Finance Minister Inoue said that under the present condition of decreased revenue there is no possibility of tax re- duction. He added, however, that any surplus from the carrying out of the London Naval Treaty would by all means be applied first of all to tax reduction as this is the aim of the naval limitation and reduc-
tion.
Prospects of Domestic Goods,
Mr. Magnoichi Tawara, Com- The Dow Jones average for 20
merce Minister, reported at the rails was up 2.12 to 13481; New. York Central was up two points to Cabinet meeting on Friday morn 1003; Erie held at 123 and Pennsying that according to the investiga venia at 76 Union Pacife leaped ticns made by the Commerce Office from yesterday's 2183 to a close foreign goods imported into this to-day of 2243; B. & 0. gained 2 country may be replaced by the to close at 1073; and Northern home products to the amount of Pacific was up a quarter-point to about Y.600,000,000 a year. 74
Bankers' Ald Wanted.
The Commerce Minister express-
al
'James'
Mr. Travers Iaurence Mooyaart, only son of the late Laurence Moo- yaart, of Golgonda, F.M.S., was married recently in St. Church, Piccadilly, London, to Miss Sylvia Tipping, daughter of Mr. Llewelyn Tipping, I.E.S., of Godal- ming, Surrey.
A European winchman, named
the Kuala Lumpur Police Magis W. E. Hamilton, was sentenced by
trate, Mr. Nash, to pay a fine of $330 on a charge of negligent driv- ing on the night of June 28 and knocking down a Chinese, and also fined $100 on a charge of driving a car without a licence.
Mr. J. S. W. Arthur, District Judge and Superintendent of Prisons, Penang, is to be appointed Secretary of Postal Affairs, Malaya, and will be leaving for Kuala Lum pur shortly. It is expected that Mr. H. A. Farrer, Registrar of the Supreme Court, Kuala Lumpur, will take Mr. Arthur's place.
His many friends will regret to learn that Capt Pellew, of the steamer Tuckwo, is in hospital at Hackow, suffering frota heat ex- haustion, but later reports indicate that he is better. The doctors of H.M.S. Ladybird and Scarab ex- amined him at Kinkiang on the way up and ordered him to hospital, and the command of the ship was taken over by the chief officer.
The funeral took place on July 5 at Tientein of Mr. Frederick Schueler, a native and chemist of Utilities likewise gained, but less
Germany who resided in Foppe' strongly, the Dow Jones average being up 1.97 to 83.43. Americaned the tope of securing the aid of Road at the corner of Korstavetz Tel. & Tel. gained two points to the bankers in the rationalization Road, where, on June 23 last, be was savagely attacked by an un- industry. Finance Minister known person, in circumstances #12; International Tel. & Tel. mov
Answering what he said he con- sidered to be the real criticism that of buying up subsidiary buri- nesaes-Mr. Goff said that in some valled Right opposition secured the ed up 12 to close a 461; Radio Inoue stated that the shipping in that bave not yet been ascertained. cases they had no"alternative. This re-election into the Politbureau of Corp. was up,14. to. 41; Cities Ser dustry is largely facilitated by the In spite of sustained efforts on the
of
policy was carried on for a very sound reason, and was especially justified on the ground that it abolished the undercutting prices.
The adoption of the report was practically unanimous.
TRANS-PACIFIC AIR RACE.
BROMLEY AND WARK RUSH- ING PREPARATIONS".
(UNITED PRESS.]
Tacoma, July 14-Licyt. Harold Bromley revealed to-day that in will land, and refuel at Kodiak, Alaska, in the course of his race by air to Tokyo against Robert Wark. Wark will refuel likewise at Juneau and Nome but will omit the originally planned refuelling at Petropavolvak.
(Continued on next Column.)
comrades. Rykoff and Uglanoff vice common gained 3/8 to close at while Comrades Bukharin and 271; Consolidated Gas gained 14 Temski become members of the to close at 111: Columbia Gas, was up 13 to 662; Southern California Central Executive Committee.
Stalip was unanimously re-elect- Edison was up 31 to 601; and ed Secretary General of the Cen- Standard Gas & Electric was up 13 tral Executive Committee which to 943. implies the leadership of the Com- munist Party and he also secured the election to the Politbureau of three new personal supporters. Comrades Kaganovich Kiroff and Kossior.
The President of the Union of Socialist Soviet Republics. Com- rade Kalinin, delivered the closing speech of the sixteenth congress of the Communist Party of the Soviet Union, which afterward dispersed.
Both men are rushing the final work in hopes of getting off within the week,
Lieutenant Bromley said to-day that he hopes to return from Japan to North American soil without making a stop.
HAMBURG-AMERIKA LINIE
H.
FAR EASTERN MAIL FREIGHT and PASSENGER. BEEVICE — between JAPAN, CHINA, HONG KONG, PHI LIPPINES, STRAITS SETTLEMENTS, COLOMBO and EUROPE.
SAILINGS TO EUROPE.
DESTINATION.
LEAVING
M.V.
M.V.
FONG KONG "Genoa, Dunkirk, Rotterdam en 15 LAND" (3)
24 July Bambarg VOGTLAND" (1) Genoa, Rotterdam & Hamburg & Aug. MV. DUISBURG" (1)... Genos, Rotterdam & Hamburg 19 Aug. "BAMSES" (1) "** Genoa, Botterdam & Hamburg 4 Sejt.
Other Ports of Call if Inducement offera, ARRIVALS FROM EUROPE. :
DUE
HONG KONG.
V. "RAMSES" (1)·
1 Ang.
SAUERLAND" '{1}
18 Aug
MV. MUENSTERLAND'
(9)
7 Sept
MY. "KULMERLAND" (1)
16 Sept."
Subject to Alteration without Notice.
(1) Excellent Accommodation for Passengers, qualified Surgeon carried.
For Fare from Hong Kong to Genoa from £70.0.0,
(2) Limited Passenger Accommodation, Qualified Surgeon earried.
(3) Cargo Baat No Passenger XebOMMENT
For further particulars please apply to:
JEBSEN
AGENTS.
12, Pedder Street, Hong Kong.
& CO.
Tel. 24764,
Other Elses.
Kriuger & Toll was up & quarter to 29. Anaconda Copper moved up 3/8 to close at 494, with Kennecott up 3/3 to 381. General Motors gained half a point to close at 421. Chrysler held at 29 and Packard was up to 15.
Call money was easy at 2 per cent. Time money was at 24 per cent for so days and 24 per cent. for 90 days.
QUOTATIONS.
New York, July 14. Market firma, Business done, 2,783,290 shares.
July 12 14
251 251 123120 66 69 63 55 63 63
Adams Express ...” American Caneing American &
American Raign Power ...
MELL...
American Sm
Smelting American Tel & Tel. American Tobacco "B"
Waterworks... American Wate Anaconda Copper Atlantio Refining Baltimore & Ohio Bethlehem Steel
Borg War Heels Calumet Canadian Pacido Pallway Chesapeake Corporation
Bock land
210 212 238 247 238.242 92.83
491
492
Taiwan Bank. Chosen Bank, First Bank, Fifteenth Bank and the part of bia doctor and of the recovered consciousness and sue- Yasuda Bank, the electric, enter Sisters at the hospital, he never rises by the Mitsui, Mitsubishi, cumbed on July at the Italian Yasuda and the Sumitomo Banks,
bospital. and that their aid in the rationali zation of industry is most desir able.
!!
SHIPS IN HARBOUR.
The following ships were in harbour yesterday:
Wharves-Kowloon :
Maru, Pres. Madison, Emy of Russia; 0.5.K.: Menado Maru; Douglas Lapraik Venezia, Hai-
ching.
PASSENGERS
Arrivals,
The following passengers arrived yesterday by the 3.s. President Jackson:-ME. S. Aikawa, Mr.. Takoo Asums, Mr. C. M. Gee, Mr. D. Goodman, Miss Carmen S. Her- era, Miss Marina De Jesus, and
Mr. Yao Con San.
Docks:-Kowloon Hermes, Ada. The following passengers arrived master, Nanchi, Nantack, Bucci- yesterday by the m.s. Chichibu num; Taikoo Kaimiloa, Shing Mary-Mrs. B. M, Ascenbrenner, Cheong, Anhui, Nitica
Mrs. E. T. Bailey, Mrs. Carrie Cas- Buoys-41 Tjisondari, A2 Mir son, Mr. and Mrs. E. J. Dickson, zapore, A3 Tyndareus, A4 Hosang, Miss Era V. Edwards, Mr. and A5 Souchow, At Taiping, B7 Mrs. J. E. Early, Capt. and Mrs. Cheong Shing, A10 Liberator, B12 Paul E. Flummer, Mrs. G. M. Newchang, B13 Kwangchow, C17 Grimmesey, Miss Fless Kenner, Shun Chih, C19 Cheong On, B24 Mrs. J. B. Lewis, Mr. and Mrs. C. Olderkerk, A23 Tinhow, A27 Tai L. Mathew, Mr. Earl Mathew, Mr.
wan, B32 Kwongsang, B34 Chinhua, C35 Kaitangata, Rss Foo Lee, C37
492 Dux, B38 Michael Jebsen, C30 Kin
zan Maru, C40 Hiram, C11 Haldis, 361 27
C43 Tai Poo Sex, C43 Huichow, BSI
106 107
924 851 Corona.
281 28
16 15
1871 187
105 106
Loews' Inc.
20
20
27 271 Muth. 6
Ludlein Steel.ri
Mack Trucks
Missouri Pacific
Montgomery Ward
... 65 601 Nevada Consolidated Copper
Bervice Common... Colgate Palmalive Feet Columbia Gas & Electrib Columbia Graphaphona. Commercial Bolvents.... Commonwealth & Southern. Commonwealth & 8. Wait... Consolidated Gas of N. Y. Continental
atal Oil
Cata Products Common
Curtiss Wright,
Du Pont de Nemours ... Eastman Kodak... Electric Bond & Share... Fox Film
Erio Railway
Feral Electric "General General Food
- General Motors ...
General Railway Bignal Gold Duat
Goodrich Kubber Goodyear Tire & Rubber Granby Great
JM
241251
York Central·
Pacific Railway 14 14 Pacic Lighting
Packard Motor Car Barangant-Pabitx Corp.
Railroad
17 Northern
3
... "1001. 111ş.
-201-2
-201 964 06
7 7 1024 107
204
Mutl
Fennroad Phillips
IN
Petroleum Public Service of N. Jersey Radio Corporation
Tobacco #B
-80 -621 Reynolds ***.
49)
701 721
561 567
26
Sears Shell Union
Simmons
Compasy
Southern California Edison Southern Pacio Railway
Standard Gas & Electric
andard Oil of New Jersey...
09
6
20
25
781
and Mrs. Henry S. Patten, Miss Eleanor Patten, Mr. George T. Patten, Miss Merry Patten, Mrs. F.
SALLI
Weekly Trans-Pacific Service
-To San Francisco and Los Angeles
The Sunshine Belt via Bonolulu
Portalghtly slings'da Tondayı J'res. Taft
To Seattle and Victoris
The Shori, Sirnight Route
to America
"
Fortnightly dilīgs da Tuesdays
July, I am. Pres, Jackan.. July 22, 9 a.m
Pres. Jefferson, Aug. 19
Pres. Lincoln...Aug. 26
Free McKinley Ang. 5
Pres. Grant Aug. 19
£120, £112 Special through rates to Europe via
United States. Direct connections with
all Atlantic lines. Choice of rail lines scross United States and Canads, liberal stop aver privileges for sight-seeing.
3
Europe and New York Direct
ROUND THE WORLD
Pornightly sailing on Sunday via Manila, Sieaita, Colombo, Suez Canal, Alexandria, Naples, Genoa, Marseilles, New York and Bosto
8am-
Pres: Van Buren... July 27 Pret, Folk Ires. GaiEeld Aug. 10 Prez. A dem
...Aug. 24
Sept.
To Manila
6 p.
6 p.
Pres. McKinley Pres. Jefferson
July 29
Fren. Grant
Aug. 2
* Aug. 2.
Pres. Lincoln
Ang. 18
CANTON BRANCH 4, SBA KEE" STREET.
DOLLAR STEAMSHIP:
LINES
AMERICAN MAIL
LINE
Round the World
Hongkong
elawan Deli
A Necklace of Tropical Jewels
by
7074
Tourist Routes.
Beroba
Boli
Traffic
Manila
Henado
Molucca
SUMMER-VACATION.
Banda
WHEN IT IS TERRIBLY HOT IN HONG KONG, SHANGHAI AND JAPAN TT IS THE DEY AND COOL SEASON IN JAVA. NUMEROUS COOL MOUNTAIN RESORTS, GOOD TRAINS, MOTOR ROADS & HOTELS.
Do not go North in the Summer time but go South on a DELIGHTFUL, COOL MONTH'S CRUISE
TO JAVA & BALL
HONG KONG-BATAVIA-SOERABATA, BALI-MAKASSAE. HONG KONG-Fara £46.17/6. Inclusive of Railway and Aeroplane Fares.
THOS. COOK
You may book with AMERICAN EXPRESS
BIZAKELS
JAVA CHINA-JAPAN LIJN
SOUTH BOUND.
FROK
EXPECTED WIL
ON, CE ΣΠΟΥΤ
N. Schwartz, Mr. and Mrs. Harry TJIBONDARI S'e & Axor In Pork.
T. Thomson, Mrs Leours Ward.. Miss Georgiana Boyer, Miss Bar bara Frick Mrs. D. W. Kemp, Mr. John B. Leenis, Jr., Miss George Miller, Miss Mary McPike, Miss Ruth Purnell, Miss Edith A Race, 271 54 56 Mrs. K. A Pendleton, Miss Lucy Woolery, Mr. and Mrs. George S. 091Matl 351 35 Walden, Mr. and Mrs. Lee Kin,. 164 16 Master Robert Lee, Mrs. Lock 263 1881 Helim Dai, Dr. J. F. Rock, Mr. 734 74 J. H. Alms, Mr. L. N. Evans, Mr.
811
and Mra W. P. McBride, Mr. and. 131 15
o Mrs Tung Chok Lon Mr L. E. 20 Mossdlier, Mr. C. R. W. Thomson, 124 12 Col Robert Skinner, Mr. G. Mc- 83 33 Murds, Mr. John W. "King, Mr. 981 AN. Spencer, Mr. A. Speyer, 291 41 Mr. Francis A Shaw, Mr. H. Charles Pullen, Mrs, R. C. Pullen, 68. 68 19 19 Mr. L. S. Chen, Mr. and Mrs. J. 32 241 H. Southwell, Rev. V. B. J. Mise- 571 601 Jier, Mr. and Mrs Y. C. Ng. Mr. Matl, 1191 T. E., N. Mise Ng Pay, Master 91 941 W. Ng, Mr. John N. Hykes, Mr 70 73 Lee Bing Chin, Mr. Lee Kin, Mr.
TJIMANOEK.
LEAVE ON
For
OR ABOUT
2nd July. MANILA, MAR
K'LUNG.&AMOY 27th July 19th July.
& SOKLAHAIA
BATAVIA
TJIKARANG ..SH. & Axor 3rd Aug. 5th Aug. MANILA, MKAAN.
KLUX6.& Axor 10th Aug. 12th Aug. TJILEBOET
BTLAM EXB
NORTH BOUND.
TJIKARANG ... TJINALAK TJIBADAK
-EXPECTED WILL
LEAVE. ON OF OR.. ABOUT OF ABOUT
BATAVIA
23rd July 24th July, JAVA,MAKASAM 30th July 2nd Aug. "BATATIA 6th Aug. 7th Aug.
For further particulars apply to
& SOZRABALA, BATANIA
Fox
Azor & S'mai. Swarow & AMOT Axor & BEL
JAVA-CHINA-JAPAN LIJN,
York Building.
Telephon, 2601
Standard Oll of New York. 33-321 Lee Kins Kee, Mr. V. H. Kwick, NA TAL LINE OF STEAMERS
511 641 Texas Corporation.
Mail. 22
Math 78
Northern Certificates Hershey Chocolate
**** 1898) International Cement
Combuston Eng:
International Printers lik International Tel & Tel Johns Manville...
Kennecott Copper.
Kreuger & Toll ...«.
Kroger Grocery..........
Liggett & Hyeza " 'B'
85) 07+
费
78 79.
Tema Gu
Timken Boller Bearing
Trans America....
Union Carbide & Carbon
Union Pacific Railway...
Corporation
United Gas &impro
Me Dock United Dry U. 8. Rubber...
291 381. Steel
Yanadian
2011-271
** 94
Warner Bros. Aictures Westinghouse H. & M.
(Continued of foot of next column.) Woolworth
82 63 ... 54 55
Mr. and Mrs. Lee Yuk Tong. Mr.
... 58 601 H. A Hung, Mr. T. H. Tung,"
21 21 snd Mr. Chang Ming Gas.
70 72
2187 2241
The P
Abie part on the 4 Unq. instant, at 6 a.m., and is due 215 221 on the 23rd instant, at about 5 am," 1604 1636
The mv. Friesland (HAL) left 861923
44Shanghai on Sunday the 20th in- 104 2434 stant at 8 a.m. and is due hore on
571 68 Wednesday the 23rd instant.
FROM CALCUTTA & COLOMBO TO
SOUTH AFRICAN PORTS
dungill Bail from Colombo 10th August and Surian Herzics to Bepath
Throng" Bills of Lading issued from Hong
DODWELL & CO, LIMITED,
Fer
or Pange, apply to
Telephone: 28021.
Agusta