Money
and Markets
HONG KONG DAILY PRESS, SATURDAY, JULY 26, 1930.
OIL REFINING AT SOUTHAMPTON:
DEPOT WEICH SUPPLIES BIG LINERS'
HONG KONG SHARES IRON AND STEEL IN The Anglo-America Oil Com
BENJAMIN & POTTS' WEEKLY REPORT.
Lave
EUROPE.
INDUSTRY SURVEYED.
EFFECT IN FRANCE OF
REPARATIONS.
DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE."
SHAREBROKERS' ASSOCIATION.
Bayem
dale, Nodiluat
FRIDAY. JULY 25.
| Bayern,
Jalan Monnion).
Banks
pany made arrangements last month for a visit to their oil-refin- ing plans at Fawley, Southampton 31,515 Speaking at a luncheon ab the Faldon Hotel, Fawley, which was held before the inspection, Mr. Thomas Hornby, the chairman of the Marketing Committee of the company, gave a short survey of the work carried out at this plant.
of
Owing to the near approach of the Settlement business during the past werk has been rather restrict ed. but there are no signs of weak.
The delegation of the Economie ness in the market, and rates gen:
Advisory Council, which visited erally have been well maintained.
Backs Hong Kong and Shang France Belgium, Luxemburg, Ger-
The Fawley refinery, he said, was hai Banks
ruted steady many, and Czecho-Slovakia, to in- throughout the week with buyers atvestigate the steel industry there only one of several in the British $1.313 after transactions at this has now issued its report. After Isles, and it provided for the re- the Continent quirements of the South of Eng." rate. The London price has reced-visiting worka on
the delegation inspected some re ed to £105 (Middle).
Marine and Fire Insurances-presentative British iron and steel land. The territory it served ex- Unions are slightly easier and were plants, and the conclusion reached tended from Weymouth to Chiches. denit in at 8430/$435 and continue is as follows:-" in demand at the lower quotation. "The general impression of theter, and from Bristol to Gwildford, and it provided employment for Cantons are enquired for at $45 delegation as the result of these
700 workpeople: 800,000 tons "after sales at this figure. Hong visits was that as regards efficiency Kong Fires at 8933 show an im- and management, and the modern crude, oil products were handled provement without leading to busiity and equipment of certain units at the refinery in 1929, and the
China Fires are wanted at of plant, they were equal to and quantity was rapidly increasing. 8400, and Underwriters at $264. in some cases supérior to the iron Shipping. There are enquiries and steel plants which had been for Douglas Steamships at 895 and seen on the Continent." probably a little more, would be
The iron and steel industry of paid. Hong Kong, Canton and France, it is stated, has consider Lasse Steamboats have recovered ably increased its capacity. The to a buying quotation of 8314 equipment and modernisation of Waterbcats were taken off the mur-the plant have been carried
mainly by reparations, and assist ket at $30.
Docks, Wharves and Godowns-ed by the depreciation of the franc. Kowloon Wharves have eased some In addition the valuable ore fields what and business was done at the of Alsace-Lorraine are now at the close at $167. China Providents disposal of the industry. The post- changed hands at $3.33 and 83.43. war development of the industry Whampoa Docks after a spell of has been so great that a serious quietness are now. in demand at shortage of labour had to be faced. $38. There are buyers of Shanghai This has been dealt with by a co- Docks at Tis. 194 and Hongkewordinated system of importing for eign labour, and' such importation still continues
€95.
Wharves at Tis. 260.
Public
out
thor to improve the plants and equipment and to incrse the volume of output. "
lines. ·Thoae
Thousand Tans an Hour. One of the company's most im- pertant activities was the fuelling of the great transatlantic linera of the Cunard, White atar, and Hamburg-Amerika contracts on both sides of the At- laatic called for 6,500,000 tons of fuel oil yearly. It was possible to hunker oil fuel owing to the com pany's loading facilities at the rate of 5,000 tons overy five hours.
$945 $2.65
1,160) 5433
$440
-
$400
$955
$25
T1.30 1.81
V
PRANI
$⠀⠀⠀!!!
***
£105 2171
£12
*****$1,515
Chartered Banks
HL.K. Banks
り
Do. (London)
Mercantile Brs. “A”
FOREIGN MAILS
RADIO NOTICE.
Individuals and firms are recommended to register their tele- graphie 'address at the Radio Office. No charge in made for this."
INWARD MAILS.
FROM
PEE
Dri
Japan, Shanomas and EUROPE via}|
Siberia (London, 7th July)..........
SKANGHAI and Nwarow
Hakuan Maru ... Shantung
26th July
26th
SHANGHAI and EUROPE via SIRIWA
Do.
£12)
(London, Sri July)
Jeypore
440
96th July
$191
Bank of East Asia........
$115
!.
Eunors via NagapaTAM (Papers only){
London 28th June)
Insurances
Canton Insurances.
$940
| (Ban Francisco, 17th June) MANILA
Underwriters
SHANGHAI and Swarow
$2,70
་་་
North Chinas.........
T180
STRAITS
Union Insurances... 2435
$110
U.S.A., HONOLULU,
AL800 Yangtze Insurances
$60
China Fires
$400
- JAPAN and Shanghai
8.K. Fires
$950
JAPAN
AMOT and SWATOW
Shipping
U.S.A, HONOLULU, Japan and SmaXORAI,
"JAPAN, and SBAG-
Hat (San Francisco, 4th' July).
JAPAR
Sui Sang..
Pres. Van Buren...
Pros. Taft
Linen
Aina Maru
...]] Pres. MaKinley ...
U.B.A., Canada, Japan and ShanGUALĮ
Yokohama Haru
Tripande...
Van Heutes
Nellore
$6th
26th
wor
87th
28th
E
Douglases
(Seattle, 12th July)
Steamboats
4231
"JAPAN •.•*
Bed
$43
Indos (pref)
'AUSTRALIA and Maxita
28th
28th
28th
29th
20th July 30th July
Prea. Jeferson
*
*
Melbourne Marı....... Tanda
1st Aug. 11th Aug
5th Aug.
22 7 7 7203 303 fr
Do. (def.)
$10 09/3 831
OUTWARD MAILS,
REGISTERED and PARCEL MAILS are closed 15 minutes. marlier 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 5 p.m. on the previous day.
For
PLZ
DANE and Tra
94/4 Shell Transports...
$32
$e 31/
Water-boat--****
Kining
Banquets...
Kailara
Langkats (comb.),
Do. (single)
Explorations........
54/- T13.10
$7
T1,30
Shanghai Loans Raube
T.61
Tronoh Mine
SV
Parcels only for Germany via Maxila and
Hamburge
Docks, Wharves,
Japan
Fort Bayard
Formosa
H.K. & K. Wharfa...
9168
Saigon ..
$168
$3.95 351 $30
Providents.
$5,35
HK. Docks... 439
$10
Shanghai Docks ... 1.123
17 New Engineerings Hongkews
17.35
眼部
Mr. Hornby pointed out that the supreme advantage of local refin- ing was that petrol refined on the spot was fresher that, petrol pro- duced abroad and stored in the tropics for more or less indefinite, T.260 periods.
1,124
***
Godowns, etc..
Lands, Hoteds and
-
-
Saturday, 26th,
Fulda
Ganges Maru
11.80.
1.30 X
Wing Les
Kine Maru
Haldia
+
1.30 PM
2.30 PM
2,20 K
14
Koivison P.0,
***
Straits, Ceylon, India, Mauritius, E. and 8.)
Africa, Aden, Egypt and EUROPE via Marseille due Maresillos, 24th Aug
Foodbow via Swatow ...
Anuong E khoi and Haiphong
Hoihow,
Manila ***
Shanghai and "EUROPE viz Siberia
Holhow, Pakhai and Haiphong
Hakusan Maru Letters 430 P*
Beg 3.00 P
G.2.0.
Eeg.
15.2.
Cheong Shing
But Sang...
Changtu
tr. Fan Burun (a]
Letters 5.00 PX
5,00 Z M
• 5,00 FX
5:00 YN
5.00 2
Sarpedon
Beg. Letters
5.00 PX
6.00 PX
Sunday, 27th,
Lámehow
8.30AM
Anhui
8.30 AM
Amoy
Foochow and Wei Hai Wei via Swatow Swatow, Amoy and Formosa
*
Huichors
9:00 AM
Hozan Mar
9.00 AM
T11.30
Bangkok via Swatow...
Kwangchow
9.00 AM
1.85
Monday, 28th,
T.64
7.10
Japan, Honolulu, Canada, USA
Japan, *Honolula *San Francisco andļ
South American Ports
Rakuyo Maru
10.30 AM
ü
Parcels 3,00 P
and § America and "EUROPE via San Francisco-dueßan Francisco, 20th Aug.).
Pres. Taft
Reg
4.15
Lattery
5.00
Beg
6:00 PM
44
Shanghai and EUROPE vis Siberia Amay
$271.
878
Straits and Calcutta
Java vis Bat via
Pres. Taft
Letters
60.0 F1
Kanchow
Tuesday, Par.
T
Buildinga
Silt $834
39
3111
H.K. & S. Hotels
$11.30
$84+
H.K. Lands
$833
T.286 Shanghai Lands
H.K. Kealtys
39
5161
Humphreys
$8.30 $15.95 $151
$93
Chinese Estates
H
Cotton Mills
T11.30 T11.35
Expos
T11.25
**
T.78
Shai. Crona (oluj........
La
Do. (new)...
For
***
1.9
Zoong Sings
Public Utilities ·
Tramways"
S20
$20.00
Do Star Forries
Lands, Hotels and Buildings
One of the most interesting by- Hong Kong Lands were dealt in
As a result of the war France products of the Fawley refinery is fairly large quantities at 384/884. has established a great iron and the production of asphalt, The It is proposed to issue 60,000 per steel industry. She is determined asphalt, which is cooled leaving shares of the nominal value of 825 to maintain it, and there is marks the plant for safe "handling, is each to Shareholders in the propor-ed evidence of intention still fur then pumped through strum-bented. tion of one new share for every
insulating lines to the barreling completed number of fout issued
and storage plant, whence it is shares held by them at a premium
filled into drums and barrels, or of $35 per share, viz.: 660, and an The iron and steel industry of sent out to customes in specially Extraordinary General Meeting of Belgium has considerably increased constructed rail tankwagens fitted the above Company will be held.on its capacity, and become equipped with ateam coils. August 11 to consider this proposal. with the most modern plant. The Some of the hot asphalt is pump- Hong Kong and Shanghai Hotels equipment and modernisation ofed through steam pipe-lines to the have further declined with sales the plant has been carried out jetties from the stills into asphalt made down to $11, and at the close mainly by reparations, State aid tankers for export to the Contin: there are buyers at 811.30. Renities and new capital issues. It Was were done at 89 but closed easier.evident that Belgium has re-estabent A tremendous trade is now Humphreys Estates are on offer at lished its iron and steel industry being done with Continental coun-
tries who are reconstructing and $20.20 $16).
on a much larger scale than prereconditioning their roads, and at Utilities-Hong Kongwar is determined to maintain it, the present time almost every good Electrics, bave weakened a bit and and still further to increase plant European road is finished off with there are buyers at 878 after sales equipment and the volume of out- the asphalt which is produced in at this rate. China Lights (Old) { put," strengthened at the outset and were
Despite the rehabilitation of the England by British labour. hooked up to $27.40 but subsequent German iron and steel industry ly recided to 8961, while the new after the war and the extent to shares were realised at $221. Hong which plants have been improved Kong Trams remain steady at in their equipment, the industry $20.20. Peak Trams (Old) continue is suffering from unemployment. "in demand at $12 Star Ferries Not only employers and their or- can be placed at 886. Telephones ganisations emphasised the serious (partly paid) have recovered to a competition from the iron and steel buying quotation of $20. The industry of France, Belgium and Fully Paid stares are on offer at Luxemburg, both in the home mar- $323
ket and a foreign markets. The Miscellaneous. -- Green Island high rate of interest charged for Cements (Combined) opened with borrowed money is proving a seri sales at 819.20 but buyers prevail at ens handienp to the iron and steel the close at 818). Hong Kong industry of Germany. Ropes fetched 811. Dairy Farms| have firmed up to 825). Watsons are quiet but steady at 812). Amusements were sold down to 823, but hardened towards the close to $25 buyers.
Cotton Mill-Ewos have rallied a bit, and business was done at Ts. 11.35. Shanghai Cottons at Tla 78 are nominal.
The following are the latest cabled quotations received from Shanghai:--
.
RUBBERS.
Anglo-Javas
Anglo-Dutch
Batu Anama
Consolidateds
Chemors
Kroewoeks
Repabs
In future, the bank will cover the import bills by buying export bills as much as possible, avoiding gold shipments
The bank's decision will undoubt- edly check other foreign banks' intention to ship gold abroad. In that event, Japan's financial circles will be greatly relieved of the un- easiness regarding her gold situa- tion. In addition, such a decision of the foreign banks will prove moral support to Japan and will a favourable psychological effect on Jafron's finance, it is believed.
Tla 6.00 Buyers. have
is 3.23
.50
2.25
1.18
1.70
1.20
1.80
Tanah Meraha................................1.00
Tebongs ..
Zianzbes...........................
5.70 · 11
Exchange.The T.T. rate on London is 1/31 and on Shanghai 891.
Forward Settlement Days.-July 23, August 26 and September 20, 1930.
GOLD FROM JAPAN,
NATIONAL CITY BANK STOPS SHIPMENT.
The Kobe branch of the National City Bank of New York has decided. to withdraw its former decision to conduct a Y.6,000,000 gold shipment shortly. This is due to the fact that the bank feared that its gold shipment would prove to be an adverse factor in the general finan- cial situation of Japan, whereas her foreign trade has just taken, a
The bank has a considerable amount of Yer finds, and the sent, weak yen situation has caused it to think that the gold shipment in order to obtain the dollar funds is the best way to utilise the idle money. The bank, therefore, decid- ed some time ago to carry out the shipment.
(Continued on nezt Volumn)
Paris New York Brussels Geneva
TEH
386
Peak Trams (old).......) 312
(new)...
C. Lights (old)......
Do. (DOW)...... 323
Macao do.
2010 3773
Sandakan Lights...
Telephones (fully pd.)
Do,
· (part pd.)| $197 China Buses an
Do... (pref).....
T.104 Caldbeck, (ord) T10.40 Macgregors pref
Tractions
Industrials
320
Shanghai and Japan
Saigon, Ceylon, India, Mauritius,
Yuansang! Tjimanosk
"Atsuta Maru
East and South Africs. Aden, Athos II Egypt and EUROPE via Marsailles -due Marseilles, 30th Aug
Bwatow, Amoy and Foochow
Manila.
Swatow.***
441
Bhanghai, Japan,
***
Honolulu, USA, Canada, Central and South Amerios, and *EUROPE via San Francisco dne San Francisco, 21st Aug, and "EUROPE vis. Siberia
Straita Bandakan
Foo Shing Taiyuan.
3.30
9.00 1Letters 10,00 AM
10.80
10.30 AM
Kowloon P.D.
Bag. -100%
Letters
1.00 P
G.P.O."
Beg, 1.45 PM
Letters
2.30 PM
3.00
430 x x
Wednesday, 20th,
8.30 A 5.00 PM
Bog. 5.00 x Thursday, 31st, Letters
8.80 A
912) 88
$88
386
$27.30 327.10
878
$781
H.K. Mectrics
823
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE.]
$325
$20
10/-
18/6
Roosy, July 24.
123.67 1
4.88 27/32
Hai Ning...
Pree, HaKinley
34.80
$5.035
Amsterdam
12.09
$18.85
92.08
20.39
.18.095
$1
·Chichibu Maru
18. 18
18.165
34.433
164
1032
Van Houtar
49.59
Mawang
108.25
Der A. Wings......................
818.
Amusemente
$25
*
$931
53
510
Chin. Entertainm'ta,
Buenos Aires Bombay Shanghai Hong Kong.
40 9/16
$1.90
1/5 25/39
$3
$3.20
1/8
$18
Mazils, Bandakan, Australis (except placer)
Bouth of Townsville) and "Now Zon land via Thursday Island -- düe Thursday Island, 16th August
Nellore ...
1/3 3/32
Nanyang Tobacco...
Swatow, Amoy and Fooshow...
Haiching
2/0 11/38
Spot ... Forward
10
15%
Straits, Ceylon, India, Mauritium, Exit")
sad Bouth Afrias, Aden, Egypt and Kalyan.. EUROPE vis, Marseillas-duo Mare seilles, 30th August
Milan... Berlin 'Stockholin
Copenhagen Dalo Vienna Prague Helsingfors Madrid Lisbon Burcharest
Bio
Yokohama Silver:
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 Mesara. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address "Swanstock," Shanghai); who are not responsible for cable mutilations:- D
Tone of Market. -- Easy."
No. of Shares Done.-1,750,000. Call Money 9 per cent.
American Smelting "Anaconda Copper... Baltimore and. Ohio.
Borg Warner will. Continental Oil
$25.13
$1
NEW YORK, July 24, 1930.
Last Dividend.
Latest
Canton
3.50
3
None
Curtis Wright' Commen
-200 A None
Eastman Kodak
GB
Electric Boud and Share ................
Erie Railroad.
None.
General Motors:
20
40
General Railway Signal
Missing Missing
Tal O
Tai Fo
City Service Common
Gold Dustunees Goodyear Tire and Rubber. Granby Consolidated
International Cement International Nickel Montgomery Ward
vada Consolidated Radio Corp. Seara Roebuck, & Col
20 60
14
82)
Canton Ice $2.25 Cements (comb.)...
8131 $56
Do
$19 (old)... $18 $13
Amoy
Do. (new)...
351
Ropes
$10.90
China Sugars...
827
Malabon Bugars
United Asbestos
Miscellaneous
$5
Dairy Farms. $25
31.90 Constractions ...... Lane Crawfords ... Macsintoans...ead-on
11.30 Sincares (Old)..................... 8114
Do.
(LOV)....
$12 Watsons érren
$2.85 Wm. Powells* 617, B. Lad: G. Bonds...
H.K. Govt, Loane...}
LOCAL AND REGULAR OUTWARD MAILS.
89
$100
Tyndareus
Pres., Jeferson
Tuesday
5th,
Konelcon P.O
1.00PM
Letter
100 M
Теред
·WEEE DAYS..
SUNDATS & HOLIDAYS.
Kanila
From G.F.O.
* FROM SHEUNGWAN BRANCH PO.
FROM G.P.O.
FROM K BUNGWA
BRANDI PO
Straits. Ceylon, India, Mauritine, E. and
B. Afrios, Egypt and EUROPE Tin Aeneas Marseilles dus Marseilles, 5th Sept.
57,30 KM, &
7.00 pm." Sundays 7.00 pm
-Manila, Australia and New Zealand via]
only
-Brisbeno-dae Brisbens, 19th Augurt Melbourne Mara.
*Superscribed correspondence only,
Bag.
¡Lefters #* 280°F. Beg,15,# #-- Lettern 5.00...2 M-
Macao & Tansban
(~7.15 km. & §-7,30 km/ 11.15 p.m.
11.30 p.
Kongmoon (except Saturdays). Kaukong (except Saturdays).
5.00p.m.
6.00-p.. 6.00 p.m.
7.10.
7.15 am
9.00 ..
Fataban (By
Shparchun
4.7.15.& ...7.30.e.m.
} 6.00 p.m ̈ ̈ =] 7.00p.m.
27.15 game de
6.00p.m. Bundsys (6 pm only
Bundays
17.15 am. &† (7.30 am, &
$1.15 p.:..
1.20 p Bundave 8.50 Lonly
6.00 p.m.
8.15. only 6.00 pm
6.00 pe
Interested In Wireless?
Then look for some
interesting news.
the
Daily Press
next Thursday,
9.00 m 9.00 8.11.
110 A
€9,00 B
$3.00 11.0. 19.00 m 13.00 p.20 (12.80 p.m.
4.30 pm.
(11.00am 2&4.80 p.
10.30 0.
None 2D
Aberdeen
Stanley
8.30 1.00 p
8:30 as 1:00p.m
Simmons Co.
.3
Autan Pingehan,
-Standard Oil of N.J.
74:
Shatin, Skataukok..., sud
8.00 pm
Etandard On Co. of New York.
1.60
Bboungshai
Union Carbida and Carbon.
2.00
Bailrung....
4.30 p.
4.30 puta
United States. Rubber
None
Missing:
Hamtan, Shekel & Taiping
7,00
7.00 p
United States Staal-line.
39