Money and
CANTON TRADE
NOTES..
The cotton yarn market is fairly active us demand by merchants in the West liver districts is brisk. The prices are, however, fluctuating.
The quantity of raw silk exported abroad during August totalled 8,354 bales or 668,390 catties. Of this amount, some 3,000 bales were ex- ported to the United States.
The price of both Chinese and foreign sheet metal has recently fallen. The present quotations for sheet brass vary from 887 to 9PM, sheet, tutenag 8200, sheet bronze 8120, and sheet copper $110.
*
Due to incrensing demand the prices of foreign sugar have risen. Sharply The current prices for white powdered sugar vary from $12.40 to $13.90 per picul.
Consumption of foreign rice has been limited. Only a few-hundred bags have been imported from Hong Kong during the past few days.
of sun
helmets
Manufacturers and straw hats are doing unusually well this year on account of the rise in the prices of foreign hats caused by the exchange.
Markets
AFRICAN WOOL
MARKETS.
JAPANESE PERMITTED TO ENTER UNION,
(THROUGH REUTER'S AGENCY.]
CAPETOWN, Sept. 3. The Minister of Agriculture has decided to permit Japanese wool buyers to enter the Union of South Africa for free competition on the South African wool markets.
The decision may lead to a most important extension of the market for South African wool.
NEW ZEALAND FINANCES.
SIR OTTO NIEMEYER ACCEPTS INVITATION. (REUTER'S AMERICAN SERVICE.)
HONG KONG DAILY PRESS, WEDNESDAY, SEPTEMBER 3, 1930.
NEW YORK STOCK. DAILY SHARE QUOTATIONS
EXCHANGE.
HOLIDAY FEELING ON THE
MARKET.
FURTHER OPERATIONS BY BEARS.
[UNITED PRESS.]
New York, August 29.-During most of co-day's session of the New York Stock Exchange, pre-holiday lethargy prevailed in anticipation of the closing of the market at the end of this week and the beginning of next, says the daily review of the Dow Jones Financial News "Agency.
· SHAREBROKERS' ASSOCIATION.
FOREIGN MAILS
RADIO NOTICE.
Individuals and firms are recommended to register their tele graphic address at the Radio Office. No charge is made for this.
HONG KONG STOCK EXCHANGE.
Buyers Salar Sales
TUESDAY. SEPTEMBER 2,
·Buyers Baller
Salva
INWARD MAILS.
Banks
FROX
Рид
Dra
$1.483
-H.K. Banks
31,465-
£111
Do. (London)....
£161
Chartered Banka .......
£17
£37
Mercantile Bru"A"
Java via BataYLA MA
£98
£12
JAPAN...
Do.
£134
Bank of East Asia,...
Smanomat and Swarow
*Tyikarung
Tanda Suiyang
3rd Sept
3rd Sept.
4th Sept.
.
Tasurances
Okiekerk. Tytliwong..
5th Sept.
4b Sept.
$965 T.160 3140
$400
Canton Insurancos.. $068
...Takada...
5th Sept.
33.80 Underwriters
*****$85
Japan and ShangHÁI
..... Katori Mars
6th Sept.
·3440
North Chinas..erose Union Insurances ... $140
T180
LONDON Parvola (31st July) and STRAFIN Taucer
6th Bopt
M.450 Yangtze Insurances
Pres. Adams
7th Sept.
****
$400
$1,000
Pros, Pieres
8th Sept
St. Albana
8th Sept
Mantua
...
ML
12th Sept.
$25
China Fires $1,000 HK. Fires
Shipping
Douglases
V
The bears made a drive' on Inter- national Tel. & Tel., which closed off an eighth at 404. "American Tel. & Tel. was off 5/8 to 914, and the Dow Jones average for
20 utilities was of .15 to 83.61.
$23
$281
$281
Steamboats
$43
Indos (pret)
$30
Do. (def.).....
91/3
Shell Transporta...
332
WELLINGTON, Sept. 2. Sir Otto Niemeyer has accepted an invitation from the New Zealand Government to visit New Zealand, and he sails from Sydney on September 4.
The visit of Sir Otto Niemeyer is primarily concerned with, bank-
lems.
Other weak spots were Vanadium, which closed off 1/8 to 89: Ken- necots Copper, which closed down a half to 33; Gilette Razor and Goodyear Tire & Rubber, which closed off at to 34}."
Steel Higher at Close. During the Snal minutes of the session, U.S. Steel spurted, being followed by most of the rest of the. list. At the close, however, Steel was at yesterday's close, 1701, and
Rattan manufacturers report an unusually active business this yearing. currency and exchange. prob-the Dow Jones average for 30 in- and many orders have been received from abroad. During the past few months over fifty more shops have
been opened.
The porcelain-ware industry, "which was badly hit by foreign competition in recent years, has revived during the past few months. Chinese porcelain is now cheaper than that from abroad and the quality is superior. Merchants have taken steps to improve the fashion and style of their products.
TRADE UNION CONGRESS. NO DESIRE FOR SOCIALISM
IN OUR TIME."
(THROUGH REUTER'S AGENCY.]" ·
Lesbos, Sept. 1. Mr. John Beard, in his presi: dential speech at the sixty-second annual Trade Union Congress at Nottingham, said that to make fetish of 100 per cent. free trade According to statistics compiled as foolish and as impossible by the Canton Municipality, the
cure for all industrial ills. chief exports from Canton during as to declare that tariffs were a July were:6,978 bales raw silk, 1.94 bales waste silk, 432 picule cocoons, 507 piculs silk piece goods, 1,123 pieuls cloth, 936 picula beans and bean cakes, 1,827 niculs black tea, G13 piculs fresh and preserved zinger, 2,669 picula tobacco leaf, 859 piculs paper, 3,000 chests matches, 485 piculs poultry, 1,045 piculs fire- crackers, 4,954 picule cassia and .608,299 pieces straw matting.
EXCHANGE RATES. [BRITISH WIRELESS BERVICE]
Ruppy, Sept. 1,
123.725 4.88 13/16. 34.84
Paris New York
Amsterdam
Brussels
Genera
25.035
19.081
Milan
92.955
Berlin Stockholm
90.39
18.105
Copenhagen Oslo
18.165
18.145
Vienna
34.443
Prague
164 1/16
Helsingfors
183
45.90
105.95
375
818
4 11/16
39%
1/51
1/62
1/3 13/16
(1)
107/16
Madrid
Lisbon
Athens
Bucharest
Rio
Buenos Aires Bombay Bab
Shanghai
Hong Kong
Yokohama ......
Silver, spot & forward
Referring to the possibility of the organisation of the British Empire as an economic unit, he said the matter should be plored in consultation with the Dominions.
He
X-
stated that
emphatically there was no evidence of a desire within the Labour movement for "Socialism in our time." At the present time there was no organisa tion capable of working the change from capitalism without tremend- only dislocating the social and economic life of the nation.
Mr. Beard concluded by.denoutic- ing the Labour extremists for at tacking the Government,
[BHITISH WIRELESS SERVICE] Free Trade Theory.
Ruary, Sept. 1. The attitude of the Trade Unions! to tariffs was discussed by Mr. John Beard in his presidential address. to the Trade Union Congress at Nottingham to-day.
dustrials was off 14 to 237.79 for the day, Westinghouse was off 3/4 to 149 General Electric was up 7/8 to 73; General Motors was off
half to 44; American Can was unchanged at 1301; Bethlehem Stee! was off an eighth to 82; and. Du Poat was off a point to 1189.
The Dow Jones, average for 20 rails was up 13 to 129.96. New York Central was off a half to 162; Erie rose 3/8 to close at 39); Pena- sylvania was of a quarter to 72; B. & O. was up a quarter to 100, and Canadian Pacific was up a point to 179.
Mercantiles Generally Strong.
Mercantiles were strong through- out, following an announcement by Mr. Alexander Legge, chairman of the Federal Farm Board, that the drought will not reduce farm in- come. Merchants' earnings for August were stated to be better. Montgomery Ward rose a point to close at 338.
Sales for the day totalled 1,437,210 shares.
Call money was at 2 per cent. for 60 days and 23 per cent, for 90 days.
T130
Tei
师承骨
$24
$13
Water-boats *****
Mining
$el
Benquot.*****
30-
Kailansi
Langkats (comb.)
Do. (single)
www
Explorations...164+ 5** ?
Shanghai Loans
Raubsb
Tronoh Mines.
Ti New Engineerings
Hongkews....
Lands, Hotels, and
Buildings
H.K. & S. Hotels
$10.60
H.K. Lands our. 379
Da.. ex righta 373
!!!!!!
195
$10
83/7 $31
JAPAN...
Bwanawaz "and' Eusora via. SIRJEJA
(London, 16th Aug.).
EUZON VIS NEGAPATAM (Letters and)
Papers (London, 7th Aug).
U.S.A., HONOLULU, JAPAK and SHANG-1
KAI (San Francisco, 8th August) U.S.A, HONOLULU, JAPAN and BHANG-
HAI (San Francisco, 15th August). Australia and Manila Japan and SHANGHAI
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 a.m. registered. and parcel mails are closed at 5 pm on the previous day.
Datz and TIMR
|Wednesday, Sed,
9.30
9.90 P.M $.00 r
480 X
FOR
26,9
Tr4.40
$7.40
T.I
Fort Bayard
T6
Straits and Calcutta
21/
PKB
Wing Wo.... Tacoma Maru Haiching
Parcels
6.00 PM
Swatow, Amoy ani Foodlow Amoy
Shangbal, Japan, Canada, U.S.A., U. and §. America and 'EUROFE is Van- couver, B.Odue Vancouver. B.C., 19th Sept, and Europe via Siberia...
Holbow, Pakhoi and Esipbong
Teinan
Emp. of Canada
Menado Maru Kentucky Hydrangea Halvard ...
Thursday, 4th.
Bog.
9.15 A Letters 10.00 à 1.
Thursday, 4th,
Doaks, WharvSE,
Godowns, etc.
$165
H.E. & K. Wharfs... $164
$5.20 $6.10
Providenta
$5.20
$38
H.K. Docks
$39
T.118 Shanghai Docks
***
7.115
8.80 a
2,802 M
Manila
0171
Swatow
2.80 **
T.260
Saigon ***
Th
4,30 P.
Friday, 5tb,
$10.60 $791
$75
Du,
rights $1
+
Wei Hai Wei via Swatow and Foochow Manila, Fazdakan. Australia, and Now? Zealand via Thursday Island - due) Thursday Island 20th September ...) watow, Amoy and Foochow Cebu
Kuetshow...
10.30
Parcels
Noon
·Tanda ...
Letters
1.45 P-
Letters
2.80 7
Haiyang
1,00PM
Netowa
***
140
1,300
Shanghai Lazda....
$9.35
H.K. Realtys..............] $9†
$16
Humphreys
$16.40
$87
Chinese Estates
Cotton Mills
Ewoo
*T.13
CON
T.93
Shai Cottons..........
1.80
Hoihow, Pakhol and Haiphong.
Tran
T.94
Loong Sings
T9.30
Babow
Sandakan
Public Utilities
Babati!
Amoy
Chengts Hinana... Breiner haven Antung
TAI
$18
Tramways
$18
Sunday,
Peak Trams (old)
$12)
88.30
Do. (NOW)...
$61
Bangkok via Swatow...
Star Ferriss
38
Swałow, Amoy and Formosa
Kiangna Hozan Marn
$24.90 $24 40
C. Lights (old).. #241
$191
Do. (e)..... 5199
$78
H.K. Electrica
$83
Macao do.
Hoihow ... Amoy
Kweryang... Yuen Bang
8112
Sandakan Lights...
335
Telephones (fully pd.)
$234
$23)
China Buses .........
Straits And Calcutta
Swatow, Amoy and Fooohaw
Kuisang Hai Ning...
Tuesday, ́9th, Parcela Lettors
Noon
1.00 M
-2.00 z »
10/-
19/
Do.
(pret)....
Industrials
V
$13
GERMAN FINANCIAL T.101
REFORM.
REDUCING HEAVY BURDEN OF TAXATION.
REALIZATION TO BE A SLOW MOVEMENT.
Jas
The
21
...... $75
Do. (part pd.)
Tractiona
TE
T.10 Caldbeck, l(ord.) T10.40 Macgregors (pref
Canton Ices manie Caments (comb.)... $17.6;
(old)...
Do
Do.
(new)...
Ropes.................. $10,90
China Sugaraianoszeni
Malabon Bugars
!!!
#E
HIRU!!
$21
$17.85
...
812
...
$64
$10.8)
*
$i+
...
$27
*
B
United Asbestos
Miscellaneous
$27 827/1
Dor A. Wings:-****
$96
Amusements .........................
$10
Chin. Entertainm'ta.) $10
81.85
Constructions................
81.90
$27
52,70
$10
Mr. Beard said he did not think. there was the slightest likelihood that the movement would ever Berlin, August 28-After deli- adopt a policy of all round protecberations spread over several days tion. On the other hand, the the Cabinet to-day settled the last Trade Union movement had not details of its financial reform pro- tied itself to any special doctrine gramme which the Press greets na regarding the free trade theory. the election plank of the Govern | $1′′
He continued To make nd
ment coalition parties. issue of free trade and to main-
The programme includes the in-" tain that at no time and in notensification of the already an- circumstances what is at most a principle of 100 per cent. free tradenounced eats in national expendi- be questioned is, in our view, asture, a scheme of housebuilding would and of small holdings extending foolish and impossible as
aver a number of years, an unex- be to declare that tariffs are a cure for all our industrial is plained method of "safeguarding But that does not mean that we the budget from undue or unfore have declared in favour of a tariff seen demands for unemployment the policy. The opposite of free trade doles without diminishing is not tariffs. The opposite of free amount to be paid to the single trade, is regulated trade, and there unemployed a redistribution of are many ways of regulating trade taxation as between the Reich, the New York, August 25. The re- and, therefore, many methods of federal states and the communce discount rate of the New York establishing economical relations and finally a regulation of credits Federal Reserve Bank was unwith other nations besides methods to public bodies with aim of re- ducing the inflated rates of interest changed at 21 per cent to-day, it. of tariffs
in vegue at present. was announced.
NEW YORK REDISCOUNT RATE UNCHANGED." [UNITED PRESU.]
COPPER PRICES IN NEW YORK.
BUSINESS AT A STANDSTILL.
[UNITED PRESS.]
New York, August 28.-Copper business here is at a standstill
The metal is being offered at 11 cents, while most dealers and smel ters are shading the price to 101
centa.
There are low buyers at any price.
BROKERS LOANS IN
(UNITED PRESS.
Washington, August 28-Brokers loans once more declined during the past week, by G.820,000,000 to level of G.88,089,000,000 which is new low for the year The high for, 1830 was 0.84,24, 000,000.
**
MAR
Dairy Farms... $26) $z7}
ድ።
843
$11.10
$27
Lane Crawfords. Mackintoshs.....
Nauyang Tobacco.
$11.60 Sincerea · Animetas
$11.95 Watson18 ........................................
Ind. G. Bonda........] 61%. B.K. Gort Loans ....
REGULAR OUTWARD MAILS,
$2.85 Wm. Powells!
62*/.
LOCAL AND
Denial of Eight,
The communiqué embodying the "In considering such links we'
announcement of these roforms shall listen to any case that may be put up for tariffs just as much closes with a statement that their as for any other method. There collective effect will enable the fore, to tie ourselves in advance: Government to reduce the heavy Canton or only to discuss matters on free burden of taxation now resting, on trade lines is & direct dezial of the German people but warns the cur own right to interfere with nation that this can start only economic conditions. Trade Unions next year and can only be develop- cannot and will not do that. Leted progressively, be
us examine the case for and against A change in the composition of every suggested proposal. Let us the Government after the general
Macao & Tritiskan
Straits, Ceylon, India, Mauritius, E. and 8.)
Africa, Aden, Egypt and EUROPE vai Kalori Maru Marielle Mareiller, 8th October
2.00PM
Kosolcom P.O.
Beg. 430 Letters 4.30 #
G.P.O.
Beg. 5,00 Y M Letters 8.00 v s
datúrday, 8th,
8:30 AM 10,30 AM 10.30 A M Noon
5.00
7th,
9.00 A M 9.00 AN
{Monday, 8th,
10.90
·5,00 M
Btraits, Ceylon, India, Mauritius, Est”
and South Africa, Aden, Egypt and EUROPE via Warumillodze Misr sellies, 10th October ...
Manfuckin
*Baperscribed correspondence only.
Friday,
12th
Koroloon F.O. Parcela. 4.30 1 M Bag.18th,9.00 AM Letters 10.00 a ■' G.P.O.
Par 12th, 6.00 Bog 1315,0.45 AM Letters 10,80 wi
Interested In Wireless?
811
512
$108
Then look for some interesting news the
FROM X ̈ 8REUNGWA
BRANCH
Daily Press next Thursday.
in
WEEK DAYS.
[SUNDAYS & HOLIDAYS
TROK G.P.O.
-Fox.... EHHUNGWAN- BRANCH P.O.
FROM G.P.O.
(7.15 am &] 16.oup.z
7:30 am 7.00 pm
17.15 am, & 11.10 p.m.
judge each case on its meritselections even in case the present Kongmoon (except Baturdays)) 5,00 p.m. Expediency in the broadest seose coalition parties come out victori
Fatahan (By Train)"
of that term must be our guide, ous, is foreshadowed by the factsukong (except Saturdays). and not come abstract principle that the present Minister of Com which may have no relation to the munications, Herr von Guerard, actual facts and problems with who is a leading member of the Tai One. which we are faced."handl
Mr. Beard deprecated the loose Clerical Central Party, does not ap Tai Pe
pear on any of that party's lists
nbrase about Socialism in our of candidates for election. It is time, and said there was no kind therefor surmised that owing to bis of organisation in Society capable failure to find a gent in the Rei- Paneleeting & change ayer to a519-
capitalist productions to vili mave to
from active parfumdotary life tremendous dislocation to the social the Cabinet at least for the time. and economie life of the nation. He compared the task of the being. This fact when found out Labour Government to that of reby the Press caused a good deal of building & road without stopping surprise in parliamentary circles the traffic and be appealed for and also amongst the adherents of loyal Party support for the Gor the Clerical Centre Party where ernment and its head, Mr. Ramsay von Ouvrard was regarded as ont
of the party's leading figures MacDonald,
Shumchan
Stanley..
Aberdeen Auban Pingsham, San
Shatin, Shataul Shengahul
Balkung semu Namtan, Shokki. & Taiping ] -"(Fuzán).
7.10
ન
9.00 ..
‹ 9,03 am, &]
18.00 pm
7.30 .. 11.30 p.m."
6.00 p.m.
P.0.
1.7,80 m, &
1.7.18 m.
5.00p.m.
7.00 pa Sundays
Bunday's (5 p.m. only 7.00 pz.
"only"
17.15 am. & (7,30 am. &
116 pm
1.30 piz Sunday Bandays
8.50 B only
8.16. only 5,00p.m.
6.00p.m.
6.00 puzzl
6,00 P.DL.
7.16 m.
9,00 Bud
'j 5.00 £1, J}
18.00 p.m. (12.80 p.m.) & 4.30 p
11.20 p.ite
9.00 A.M.
110 m.
f11,00 am {& 4.20 p.m.
8.30 am.
$1,00p.m
2.00pm.
8,30 1,21. 100 poul
10.30 am.
4.30 p
:7,00 p.m.
AND FIGURES
FACTS AND
For the Busy Business Man interested in Hong Kong and South China: The "Weekly Press" (price go cents) will be mailed for a year to any place
world 16
Copy Free.