12TM
Money and Markets
"METAL MARKETS.
WEEKLY REVIEW.
Messrs. Rudolt Wolf & Co., re.. port as follows under date July 4 :—
Markets have been irregular but easier again, and prices are all lower as compared with those ruling lass Friday.
Tin,
Tin has been irregular but on Fluctuations whole easier. the have been, confined within fairly Barrow limits and the price shows
« further decline of 92-for caah and £2.3.0 for three months as compared with our last report. Statistics published on Tuesday, showing an increase in the total visible supply of 204 tons, were. even worse than had been in many quarters anticipated, but neverthe- less their publication had little or no influence on the course of prices, for the disclosure of a less favour- able position had been expected and prices had already fallen in anticipation.
Sales in the East during the week amounted to 1030 tons, shipments thence for the present month are estimated at 8500 tons. Premiums on Straits and Banks are quoted at £2. and £3.10.0 respectively.
D.
in
|
45.
Buyer
Sellere
DOLLAR UNIT FOR "KWANGTUNG.
(THROUGH REUTER'S AGENÜT,]
LONDON, July 26.
HONG KONG DAILY PRESS, MONDAY, JULY 28, 1930.
BRITAIN'S SEARCH FOR
: MARKETS.
ALISSION TO EXAMINE TRADE GENERALLY.
DAILY SHARE QUOTATIONS
HONG KONG" STOCK.
EXCHANGE.
SHAREBROKERS' ASSOCIATION.
Nominal
SATURDAY; JULY 26.
Bupare Seilore Sales Nomine:
FOREIGN MAILS
RADIO NOTICE.
Individuals and arms are recommended to register their sele- graphic address at the Radio Office. No charge is made for this
Banka
HK. Banks
$1,515
£105
Do. (London)
2171 | Chartered Banks ...
WI
249
Mercantile Bks. “A”
Do.
$121
Bank of East Asia
£16 £39
£12
$116
Insurances
8945
Canton Insurances.. 3010
***
$2,65
Underwriters
...... $2.70
1.100
North Chinas...........................
T180
Japan and SHANGHAI SAIGON
*
8430
3435
$430
Union Insurances...
$430
•
JAPAN
SHANGHAI and Swatow STRAITS
0.9.4., Honolulu, Japan and Seuro-1.
HAI (San Francisco, ilk July)... JAPAN and SHANGHAI
Pr. MoKinlay
Aikor 11"... Angars Tipanas
$400
M.30 Yangtaze Insurance
China Fires
500
ཅནསས།།ཎྜ*ས
$100
Amor and SWATOW... JAPAN....
H
H.K. Fires...
$950
***
INWARD MAILS.
FROM
PER
Doz
144
Irinan Aisuta Maru
28th July
29th July
28th July
Yokohama Mars
28th July
20th July
29th July
19th July
...
Fan Houten Nellore
20th July
30th July
11.
Kashmir
91st July
According to the Secretary of $1,515
GETTING IN LINE WITH REST the Development Coul of the
OF CHINA,
It is stated in Canton financial aircies that Mr. Fen Ki Mo, the Finance Commissioner, has decided to coin big dollars to replace the 20-ccat Kwangtang silver pieces as the monetary unit,
It is to be noted that the big dollar is the monetary unit of all provinces of China except Kwang- tus, where the only places that do not use the 20-gent unit are Swatow and Kiungchow.
The irregular monetary system of Kwangtung has always caused much inconvenience to the public and the Government alike, the Commis- slorer is taking up the matter with the Nanking Ministry of Finance.
GOLD BAR QUOTATION.
(Wah Tes Fat Pas.),
SHANGHAI, July 7. The value of gold bars has drop- ped by Tls. 14, being now quoted at Tls. 570.
NATIONAL BANK. Business with consumer, has been dull both in this country and on OPENING THIS WEEK. the Continent, and quieter condi
¿ (Wah Ter Yat Pan). prevailed 1180 tions have America, where in view of the un-
PEIPINO, July 27. certain outlook and accumulating
The National Bank will be opea. stocks, buyers have been inciined to
hand-to-mouth policy.ed on August 1. The authorized pursue The market moets with a faircapital is $100,000,000, which sum amount of resistance at "current will be contributed by the various levels, and from time to time a provinces under the sway of Yen certain measure of support is Hsi Shan afforded, but confidence has not so far returned as to occasion any ap
advancing preciable rise, and prices are quickly followed by reac tion consequent on selling and liquidation.
The opinion, however, gains ground that the low price un which this metal has fallen will, apart from any efforts which the Association may carry-to-a-success
re- ful conclusion, effect its own medy, and curtailment of output will be necessitated by force of pressure circumstance. Selling under these conditions is very largely relaxed, and though prices may deeline further whilst the out" lock is so nebulous, yet it seems unlikely that such decline could assume important dimensions.
"Options.-Double £12; Single 26.
Cash
Spelter.
Department of Overseas Trade, the Trade Mission will con sist in the main of P mis. aion to study markets from the viewpoint of trade generally, and especially the cotton trade section.
A part of the expenses of the latter section will be paid by the Lancashire cotton industry.
The constitution of the missions is not yet complete, but will be probably announced in the middle of next week.
The missions will leave about
the third week in September. Both employers and employees will be represented on the cotton mission, which will almost be a small re- Flica of the Joint Committee of the
Cotton Trade Organisations Manchester.
in
Possibly the cotton, section will spend some time in Canada C route to the Far East. Some time will also be spent in Japan, and about three months in China. The mission will be away altogether.. about six months.
Being a Government proposal, the report will be made to the Government, and not to the trade organisations, and on their return the Overseas Development Council will consult the missions "in very close order" and will receive the recommendations of the mission. which is probably the most powerful economic mission to leave the coun |try in many years.
The woollen, engineering and other important industries, as well as cotton, will be represented.
NETHERLANDS TRADING
SOCIETY.
LAST YEAR'S PROFITS.
The accounts of Nederlandsche Handel-Maatschappij (Netherlands Trading Society) show a net proût of 1.8,655,090 (£721,257) for 1929, which compares with f.8,683,678 (£721.000) for 1929. A dividend of 10 per cent. has been declared (un- changed). The balance sheet as at
shows cash
at
$955
$26
T1.30 T.6
$24
$35
Shipping
Steamboats. $20
Water-bouta
!!!N
FURORA via Suzz (Letters and papers, London, Sed July, and parcela, 26th June)
UBA., Canada, Japan and ShanonATĮ
**
104
1200
Pral Jeferson
(Seattle, 12th July)
$43
JAVA via SOURABAYA JAZAX...
840
AUSTRALIA and MaxiLa
98/3
831
Douglases
$43
Indos (pref.).
14
+40
Do (def.)......
94/4
Shell Transporta...
432
Mining
Benqueta...
31,3
Kailans
54/-
Langkata (comb.)
T13.80
1.8
Do. (single) *** 57.10
Explorations.tone an
Shanghai Loans
Toi
T.61
$23
21/
$1684 3636351
25.40
$39
*1,124
T.260
T.7
Raabe
Tronoh Mines
Docks, Wharves,
Godowns, etc..
H.K. & K. Wharfs... Providents
............ $5,35
*** T.123 27.34
H.K. Docks ......... 239 Shanghai Docks New Engineerings Hongkows...............
Lands, Hoteds and Fuildinga
H.K. & S. Hotels... H.K. Lands
IMME
mw
3111 $83+ $84+ 83/84)
$8.68 $8.90 $87/9 $161
$x31
T.286
***
Shanghai Lands ... H.K. Realtys..................... Humphreys
+
89
$15.95 3161
$3
Chinese Estates
**
Cotton Mills
Do. (new)..
T1120
Ewos
------Ti1.33
M
T:78
T.9
S'hai. C'tons (old)...)
Zoong Sings
Public Utilities
Tramways
Spelter has been" easier and though recovering from the lowest points touched during the week, the price closes about 2/0d lower as compared with our last report. Fundamental conditions show little material change: trade demand in December 31 this country remains dull, and the £3,648,542 (against £4,474,492), and market furthermore has been sub-bills receivable at £11,366,888 jected to a certain amount of li(against £10,122,653). Government quidation by speculative interests, and other stocks and debeatures consequent on metal having arrivare entered at £4,246,634 (compar$88 ed and being declared against Julyed with £3,897,028). Loans receiv contracts.
able and current accounts stand at
"Morcover, continued weakness is reported from the U.S.A., where some further reduction
in price has taken place. Reports from the comparatively Continent remain stendy, the situation there having Opening Closing slightly improved by reason
of
£16,749,016. (agaidat £16,656,171), and sundry debtors amount to $13,334,508
(against £16,497,005). On the other side of the balance sheet fixed deposits and current accounts are shown at £33,397,431 £137,100 £135.15.0 some substantial sales reported to creditora at £5,600,488 (against) (against £35,437,384), and sundry Three months... £130.10.0 £137.76 have been made to Russia, in con- £6,763,638), while bills payable
Turnover for the week 9,650 tons.
sequence of which selling "an the May. June. London market for. Continental ac figuro at £3,858,020 (compared with
|£4,181,673). Statistics:
Tons. Tons. count has been relaxed. Shipments from
The market at the close presents Straits
10,054 5,125 rather harder undertone on an Total Supply ........ 13,761 12,038 assumption that the price is low Total Deliveries.... 9,957 10,332 enough and indeed, reflecting all Visible Supply 40,05 42,459 the unfavourable factors in the situation, should preclude the pro- Copper,
bability of further important de Copper has been irregular. The cling, Moreover, the
technical market earlier in the week display-position-much of the bull account ed a rather harder tendency, sellers having been liquidated is fairly showing some reserve, but latterly sound, and the market offers some weakness again supervened on cab-prospect of moderate recovery were les from America reporting that confidence to be restored. Custom smelters were again sell ing below the Association price, and the market closes about 2/6d lower for cash and £1.1.3 lower for three months as compared with last Friday.
£3.
Cash
im.
The market remains in a nervous condition and the tendency is uncertain, whilst the re-establish- ruent of a backwardation, giving an impression of artificality and serving only to obscure the situa tion, does not inspire confidence. Business with consumers has not been greatly revived by the easier conditions prevailing, buyers ad- opting a cautious attitude and covering only their more mediate requirements pending a more definite outlook.
Options.Double £5.17.6; Single Opening Closing
£49.10.0 249, 2.6 Three-months £40. 7.0 £48. 2.6. Turnover for the week 2,200 tons.
Lead Lead-bas ruled easier,--but-re. covering latterly the market close practically unchanged as compared with last Friday. Conditions in this market show little material. change: demand is reported to be fairly well meintained, but is, in itself, insuficient to effectively really prices, and when support 18 withdrawn weakness very quickly supervenes, for stocks are heavy and the industrial outlook con tains nothing for the time being "to justify an advance.
Júly
tionDouble £lling
Opening Closing."
August
September
October
218. 1.3 £18. 13 £18:20
£18. 1.3
£18. 1.3
£17.18.9
£17.18.9
£17.16.9
Turnover for the week 1,900 tons.
(Vontinued on next Column.)
Options.-Double £; Single £1.
Opening: Closing.
£16. 1.3 £16. 1.3 July
£16. 7.6 £16. 7.6 August September........ £18.10.0 October .............. £10.12.6
Turnover for the week 3,000 tons.
Peak Trama (old)... $1
Do. (new)...{3
Star Ferries 896
Macao do.
Tractions........
fuf
3168
$5,35
839
P
$11.25
384
፩ = !
#F!
***
T.10
1st Aug.
G. Diederichsani
2nd Aug,
Melbourne Maru.... Tanda
5th Aug.
11th Aug
+M
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 before 9 am registered and parcel mails are closed "st & p.m. on the provique day.
FOR
Руд
DATE and TIM
Japan. Honolulu' *San Francisco andļ
South American Porta Manila ***
Fat
...
Japan, Honoinle, Canada, U.S.A., C and S America and EUROPE via San Francisco-dueSan Francisco, 20th Aug.)
Shanghai and EUROPE via Biberia Satow...
Amoy
Samahui and Wachow
***
Monday, 25th,
Bakuyo Maru Japanese Prince...
10.30 AM
1.90
Parcels 3.00 P
Pres, Taft ***
Beg.
*4.15 P K
Letters
6,00 M
Reg.
5.00 K
60.0 M
3.00 M
9.30 r
Pres. Taft ...Letters Hydrangea
Kunchou ...
Taiming
TH
$70
$20.20 201.10
$20.10 20/10
$127
586
$261 | 8281/7)
$1
8773
$111
$214
$78 378
C. Lights (old)... $204
Do. (new)...... *ત્ર HK Electrica
$88 $281/4
****** $774
177478
Swatow Amoy
$13
Sandakan Lights....
$32
Telephones (fully pd.);
Do.
(part pd.)) $21
$21
118)
China Busey. eritren
10/
6/9
18/0
Do. (pref.)......
Industrials
Straits Sandakan
T:10
Caldbeck, (ord.)
110.40
Macgregors (prof.)
$18.70 $18.85 $18.70
813
36
Do. (new)...
+
***
$11.20
Ropes
$11.20
81
China Sugars..
$27
Malabon Sugara
140
#5
United Asbestos
BANKING MERGER.
(THROUGH ENOTER'S AGENCY.]
LONDON, July 26, An important banking merger has been arranged, subject to the shareholders' assent, under which the Royal Bank of Scotlandão quire shares in Williams Deacons 323,15 Bank, by the issue of its own shares in exchange.
Fuensang Tjimanoak
Aluta Maru
Rag.
4,00 T x
Tuesday, 29:b. Par. 9.00 AN
...Letters 10.00 M
10.30
10.30 AM
18 80 Tu
100 TM
Koraloon P.0.
...Letters
1.00 PM
G.P.O.
Bog. LLatters
1:45 PM
2.30 PM
134
2,00 z
Etraits and Calcutta
Java via Batavia
Shanghai and Japan
Ceylon,!
Fort Bayard, Hoihow, Pakhoi and Haiphong Tonkin Saigon.
India. Mauritius,
East and South Africa, Aden, Athos II Egypt and EUROPE via Marseilles
-due Marseilles, 20th Aug.
Shanghai, Japan and *EUROPE via Siberia ingers Swatow, Amoy ani Foochow | Manila
***
changhai, Japan, Honolula, C.S.A
Canada, Central and South America, and EUROPE via Ban Francisco- due San Francisco, Slab Aug., and "EUROPE via Siberia
..
Straits, Caylon, Indie, Maaritins, East and Banth Africa, Aden, Egypt and LUROPE via Maranilies-une. Mar- seilles, 30th August
Has Ning... Prea. MoKinley
-Foo Sking Taiyuan
Chichibu Maru
Van Houtis
Manning...
Hatching...
Kalyan...
3.00 FX
4,30 FX
Wednesday, 30th,
8.30.
5.CO PH
Reg. 5,00 Thursday, 31st, Letters
8.30 & M
Thursday, 31st,
9.50 A M 10 30 AM -AUGEST-
Friday, Ist,
Parcels Noon Reg.
1,45 Letters 2.80 # 1.COM
Kowloon P. O. Parcels
4.30 M Beg., 2nd,9.00 A M Letters. 10.00
G.P.O. Par, tat, 5.00 ZN Bog, 2nd, 0.45 Letters 10,30, A M
Saturday, 2nd,
10.00 AM 4.80 y u
5th,
1,00 w
Kowloon P.O.
Boge
1.00 PM
Letters 1.00 r M
Canton ices $2.25
Coments (comb.)$18.es $18.75 18.65/90
Do (old)... $:3 $131
Manila, Sandakan, Australia (except places)
South of Townsville) and New Zea
Miscellaneous
Dairy Farms.
Der A. Wingsorière
Amusements *******] $261
Nanyang Tobacco.......
$25
$113 Sinceres (old)... 8124
$2.85
61**
prom 8%
Do. (new) Watsons
USOLEUROP
Wm. Powells.......
B. Ind. G. Bonds...
B.K. Gart: Loans
Nellore...
land via Thursday Taland Thursday Island, 16th August
due
"
Swatow, Amoy and Focobow...
$11.25
$29
U
Letters #2.30 ↑ at
Bog. 415 PM
Brisbane de Brisbane, 19th August}! Helbourne Mars Letters 5.00%
8274
$1
3251
The new combination represents deposits of over £70,000,000
310
Chin. Entertainm'ts."
Japan
Tyndarens
曲
$1.90
Constructions
|
Williams Deacons, which is n member of the London clearing £16.10.0 house, preserves its identity. Its $16.13.0 intorests chiefly lie in the pro-
viaces.
$3
Lane Crawfords....
$190 $3,20
Manila
Pras Jefferson
N
Taseday,
$18
Mackintosh *********.
84
Swatow, Amoy and Foochow
Haiyang vào
$12
$27
"Straits, Ceylon, India, Mauritius, E. and 8. Africa, Egypt and EUROFE via Marseilles--dus Marseillas, 5th Seph.
Aeneas int
Bog. 1.45 7
$108)
Manila, Australia and New Zealand ris)
-
Shanghai, Japan, Canada, U.S.A., C. and
Wednesday, 6th,
B. Americs and *EUROPE viz Van= {
Parcels 3,00 K
WEEK DAYS..
SUNDAYS & HOLIDAYS
conver, B.0-dos Vancouver, BC, {] Emp, of Japan 22nd Aug,, and Europe vis Siberia...)
|
|Reg, 7th, 8.15 aM:
Letters 10.00 AM
G.P.O.
From SUBUNGWAN BRANCH P.O.
FROM G.P.O,
*Superscribed corresponderen only,
(7.15 am. &
7.30 am, &
(7.16 mm. & 6.00 p.m.
7,30 a. 7.00 pm
5.00 p.m.
7:00p.m.
Sundays
Sundays
only
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 Messrs. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address "Swanstock," Shanghai), who are not responsible for cable mutilations:
Tone of Market.-Firm,
No. of Shares done.--1,250,000. Call Money.-2 per cent.
American Smelting Anaconda Copper Baltimore and Ohio Borg Warner Continental Oil
LOCAL AND REGULAB OUTWARD MAILS.
NEW YORK, July 25, 1930.
Canton
Last Dividend..
Latest
Bales.
4
67
3.50
51
107
30
Macao & Tsinshan
Копа
Curtis Wright Common Eastman Kodak.
30c. A None
20
5B
Miasing
213
Electric Bond and Share.
6
General Motors
None, 30
General Railway Signal
79
Fatahan (By Train) zi Tal O
Tai Po
Shamokun
City Service Common
Bria Railroad
Gold Dust....... Goodyear Tire and Rubber Granby Consolidated International Cement International Nickel Montgomery Ward
Frereus Porscheated. Co
Sears, Roebuck & Co.
Bimmons "Co.. ....
Standard Oil of N‚J.........
Union Carbide and Carbon................
Standard Oil Co. of New York .....
United States Rubber
"United States Steel
1,60
2.60
None
FROM
(7.25 ms, & {1.18 p
7:20 3.3. {LSO P
6.00 ..
6.00 p
FROM M
SHEONGWA
BRANGE
P.0.
4.00 p.m.
6p.m. only 7.00 pm.
(7.15 am. &] [730 am, &
1,15 p.m. Bundaya 8,16 A.XII Lonly
5.00 p
1.30 9.0 Sundaya 8.80
only
0.00 puz
YOU KNOW
YOU WON'T WRITE
So better send your old mess-mate
a Weekly Press while he is away.
Let us have his Address, and send
us 87.50 and we will send it to him
FOR SIX MONTHS
Kongmoon (except Saturdays) 5.00 p.m. Kaukong (except Saturdays).
4.16 a.m.
9.00 0. {0,00 am. & 18.00 p.m.
€ 9.00 sim, &
2.00p.m.
12.80 p & 4.30p.m. Saturdays 1.00 price &
7.16-ata. .1.00 4.13.
9.00 BI
11.0.1.
(11.00a.m. {& 4.30 p.m.
8.30 A.DL.
1:00 pm
Cheungchow
Aberdeen Stanley
1.00p.m.
Autan Plugshan, Santis,
10.30 a.
Statin, « Simtaukok -- and
13.00 P
Sheungsbui
4.30 pan.
4.30 Polite
Baikung
Namiau, Shokki & Taiping
7.00 p.m.
7.00 p.to.
Missing
(Fuziin)
107