Money and Markets
HONG KONG SHARES
BENJAMIN & POTTS' WEEKLY REPORT.
The past week, notwithstanding a Bank holiday on Monday last, has shown a fair amount of activity chiefly in Public Utility and Mis- cellaneous stocks. The tone of the market generally is firm, and this especially applies to the Investiment section, while in some directions prices have been easier.
Banks-There has been a further improvement in Hong Kong and Shanghai Banks following the rise in the Loadon price to £111. and shares were placed locally up to $1,310.
Marine and Fire Insurances Cantons continue their upward tread and are in request at 8080. Unions have likewise strengthened and advanced to $130. Hong Kong Fires are wanted at 8903 and pro- hably a little more would be paid. China Fires are unchanged with buyers at 8400. Underwriters are on offer at $9.80.
SILVER SALES BY INDIA:
GREAT BRITAIN'S REPLY TO CHINA'S MEMORANDUM.
(THROUGH REUTER'S AGENCY.),
Loxoox, Sept... t.
With reference to Mr. T. V. Soong's statement on the question of silver sales by India, Reuter is informed that the Memorandum pointing out China's difficulties in consequence of the full in silver and asking for British co-operation, particularly with reference to the sale of silver by the Government of India, was addressed to the British Government earlier in the summer.
It was referred by the Foreign Office to India, from where what is described as a sympathetic reply was despatched.
The Chinese Minister in London, discussing other business with Mr. Arthur Henderson this week, refer red to the subject.
It is pointed out in Chinese. Shipping Sales were reported quarters in London that the Gov. in Douglas Steamships at Ses and trument of India's denial of the 5291. Hong Kong, Canton and reported sale of 10,000,000 ounces Macao Steamboats were supported of silver to a Chinese banking cor and rose to 8253.Shell" Tran- poration oyidently refers to a re sports have rallied a bit and reported later sale, as it is known quoted 01/3 from London. Water that a further sale of silver actual boats at $32 have been rather quietly occurred last week.
and have scarcely shown any move. ment.
12
Docks, Wharres and Godowns Kowloon Wharves were realised again at the outset at. 8185, but have since eased off to 8164. China Providents ATC wanted at $5.10 after transactions at 83.10 and 85.15. Whampoa Docks have reced- ed to $37. Hongkew Wharves are in demand at Tls. 260. Shanghai Tls 118 are without
Docks at change.
Lands, Hotels and Buildings Hong Kong and Shanghai Hotels can be placed at the infprared quotation of 810.80. Realtys are on offer at $0.03 ex the interim divid- end of 30 cents just paid. Hong Kong Lands have Auctuated between $783 and $791. The Rights have changed hands at 813 Humphreys Estates are obtainable at 816. Shanghai Lands have had a smart rise to Tis. 309.
Public Utilities-A fair quantity of Hong Kong Electrics were taken off the market at 877 and 878. China Lights (Old) receded to 824 but close firmer with buyers at 624h Hong Kong Trams are wanted at $16.10 after sales at 818.
Peak
The Finance Minister at Nanking stated earlier this week that China was continuing informal discus- sions with Britain regarding silver sales by India, and was cabling further instructions to the Chinese Minister in London on the subject.
The Chinese Minister had pointed out to the British Government that China's purchasing power had been reduced and her commerce disrupt- ed by the silver depreciation, with detriment to the trade and industry of countries trading with China. Reference was made to the difficulty of China meeting her gold obliga- tions, introducing monetary re- forms, and settling her arrears of debts. The hope was expressed that the Indian Government would with- hold silver sales at a low level.
a premium of $7.30 per share, viz., 815. At the close the market has weakened a little with sales report- ed at 8281, China Sugars were again negotiated at $13 Canton Ices changed, hands at 83. There are enquiries for Hong Kong Goy Trams (Oldy were bid up to 813.ernment Loan at 8 per cent pré- Telephones (Fully Paid) are sale- Cotton Mills-There has bern a able at $35. The Partly Paid recovery in the price of Ewes to shares are quiet, but steady at Tls. 12.10, at which figure they were $231. Star Ferries are quoted 884
Shanghai Cottons placed. with so business reported.
lapsed to a nominal quotation of
-mium.
Tls. 32.
have
Rubbers-Plantation Rubber is quoted 448. per lb. and the follow ing are the latest cabled advices received from Shanghai:--
Island Miscellaneous. - Green Cements have shown a slightly. easier tendency and the Combined shares were dealt in at $17.65 and $173 They finished up with buyers at the latter rate. Hong Kong Ropes were the medium of a large business and a strong demand for the shares on Wednesday last raised the price to $111. At the time of writing the market is a shade easier and they are now in request at $11.30. There was a sharp advance in the price of Dairy Farms to 8274 on the announcement of the news that the Directors have decided to increase the Company's Capital by the issue of 100,000 Fully Paid up New shares, 50,000 of which will be offered to the Shareholders in-the Proportion of one to every Four at
(Continued on: nest Column.) 23, 1930.
HONG KONG DAILY PRESS, SATURDAY, SEPTEMBER 6, 1930.
BRITISH COAL MARKETING DAILY SHARE QUOTATIONS
SCHEME.
(THROUGH REUTER'S AGENOT.)
LONDON, Sept. 4. At a meeting of colliery owners held in London to-day, the pro- paration of the central marketing scheme under the Coal Mines Act of 1930 was approved.
NEW LOW RECORD RUBBER PRICE.
[BRITISH WIRELESS SERVICE.1
RUODY, Sept. 4. Rubber touched a fresh low re- cord to-day, when the price was 4.7/18d. per pound.
AMERICAN TRADE WITH
ASIA.
ASTONISHING DECREASE FOR THE FISCAL YEAR.
[UNITED PRESS.]
Washington, August 31.-U.S. Department of Commerce analysis of reports of the fiscal year ending June 30 showed that exports from Asia registered decrease of G.2568,000,000 or 17 per cent. as compared with the corresponding period of last year, it was announc ed to-day.
5.
Imports showed a decrease of 10 per cent. for the same period, ac- cording to the department's statis- ties.
Major declines included, among cigarettes xports to Japan, cotton, copper, automobiles, tobacco, cotton, kerosene, and flour."
The chief declines of imports wore, from the East Indies, coffee and rubber; from China, wool and silks; and from India, burlaps.
EXCHANGE RATES. (BRITISH WIRELESS SERVICE.]
RUGBY, Sept. 4.
Pacis New York Brussels
. Geneva
Amsterdam
Milan Berlin
Stockholm
Copenhagen
'Oslo......
Vienna ar Prague Helsingfors Madrid
Lisbon Athens
$1,305
HONG KONG STOCK EXCHANGE
SHAREBROKERS" ASSOCIATION.
Велега Balos Nomica).
FRIDAY. SEPTEMBER 5.
Bellem Sales Nominal
Banks
£110
$510
H.K. Banks
*********$1,500
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
INWARD MAILS.
FROM
PER
Duz
Da (London) **
$27
Chartered Banks ... Mercantile Bks. "A"
„JARAN....
SHANGHAI and Swarow
Thiliwong... Shantung.
6th Sept: 8th Hopb
£12
Do.
+4
$121
Bank of East Asia...!
$115
www.
Insurances
U.S.A HONOLULU, JAPAN, and Shano»,
Bal (San Francisco, 8th August), and EUROPE via Smaania. (London, 18th "Angust);
Free, Adams
6th Sept
MANBA
Pros: Madiso
7th Sept.
...
$950
Canton Logarance..] $470"
Australia and MANILA
$3.65 $9.80
T.160 8143
Underwriters....$3.75| $2,85 | $4.85 North Chinas.......
T160
CALCUTTA and UTRAITS
·St. Albans LONDON Farcels (31st July) and STRAITH | Taucer
Taiyuan SHANGHAI and Axor
Yuentang...
7th Sept.
7th Sept
8th Sept.
+
8th Sept.
Union Insuranves.... $113
11.850 Yangtare Insurances
tooli
Pres. Pierce
Bapt
$400
F
China Firos
10th Sept.
8090
Tjipanas...
10th Sept.
Mantua...
-13th Sept.
Andrs Lebon
15th Sept.
T1.30
T.5
RAID
$40
91/3
$35
30j.
$400 ELK. Fires- $1,000
Shipping
8291
$25+
$43
Douglases
Steamboats
Indos (pre)................
Do. (def.)****
Shell Transports...
Water-boats
Mining
Benquets....
Kailans
Langkats (comb.) ........ 1.84 Do. (single) ...
Explorations....
Shanghai Loans Raubs
Tronch Mines
Godowns, etc.
HK & K. Wharfa.......
Docks, WharveS,
འཛཿ37,39⌘ཚོ
[TI£40"
$7,40
$165
$183
85.10 35.2036.20/15
$38)
Providents...sekund
$5.10
35.10% 15
HK. Docks
$39
T.118 Shanghai Docks
Tr
THE
Hongkows
7.580
10!!
New Engineerings
Lands, Hotels, and
HK. & S. Hotels...! 810)
Building
74
JAYA
SANDAKAN
+
U.S.A, HONOLULO, JAPAN and SHANG|
HAI (San Francisco, -15th August)
JAPAN and SHANGHAI SAIGON
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 8 am."registered and parcel mails are closed at 5 p.m. of the previous day.
PRI
FOR
DATE and TIME.
Straits, Ceylon, India, Mauritius, *E, and
B. Africa, Aden, Higypt and BUBUK Katori Maru vis Mareilles-ɗse Marecilles, 6th Oct.J
Shanghai, *Japan and EUROPE via Siberia Sutra Maru Babau! Amoy and Japan »
Sandakan
Hoihow and Haiphong
Manila.
H
-
Pres. Adams
8.45 & M
[Maturday, 6th, G.P.O.?
Reg
Lettors
9,90 AM
“Kowloon P.0.
Eetter
9.00 a
10,30 AM
S 30 M
430PX
'5.00 P K 6.00 IM
5,00 P
Hingang
Bremerhaven
Takada
Now Mathilde
Ohipshing
.5.00
Sunday,
Kiangata ve Horan Mara
9.00 A M
9.00 AX
unday,
8th,
Tear
8.20
Kweigang... Janion
10.30 AM
1.301 M
$.00 r
3.30.1
5,00 IM
Parcels
5.00 ? N
Foochow via Swebow ...
Bangkok via Swatow...
Bwalow, Amoy and Formoss.
Hoikow, Pakhoi and *Esiphong Hoihow ...
"Haiphong
Amoy Amoy
Shanghai, Japan, Honolulu, Canade, Ú.B.A.. Central and South America, and *EUROPE via San Francisco due Ban Francisco, lat Oct., and „*EUROPE via Siberia
Bydrangea
Yuan Sang
Pres. Madison... Bag. 5.00 zai
Today, 9th,
|Lattare: 8.30 ́à m
Swatow...
***
401
**
$10.80
$1090 $104 $79
H.K. Lards Dam.r
370
$75
Do.,
ex rights
$13
#134
Du
rights $13
$18
T.3001 $8.80 $9.95 ex dir.
Shanghai Lands ...
H.K. Kealtys
Humphreys
9 $15.40
ex div.
$87
Chinese Estates
Cotton Mills
1215/40
Ewoe
T.12
T121) 12,10/40
T.89 T.91
hai Cottons...................
Zoong Bings
1.80 19.30
Public Utilitisa
Straits and Caliutta
123.775 4.86 13/32 34.845
-T.12
25.045*
12.077
92.875
20.40
**
Do.
Fort Bayard, Hoikow. Fakhoi and Beiphong Swatow, Amoy and Fooobow
Ninghai
Parcels Nooa
Tuesday, 9th,
Kulsang
Letters
1.00 F
Tonkin
Hai Ning...
12.30
9.00 FM
18.10
$18.10
$124
Straits, East Africa via Mombass and
Kawachi Maria!
South Africa via Lourenco. Marques
2.30 F M
Reg.
3.00 PM
Letters: 6.00 pm
៖ គឺ ៖
Tramways
Peak Trams (old)
(new)...!
Star Ferries.................... 883
C. Lights" (old)...... #24
Do. (new)......
K. Electrica
Sandakan Lights
Telephones (fully pd.) Do. (part pd.) Chizia Basescu: Tractions ******
19/- Do. (pref.)
Industrials
15.10
19 16
318.10
$13
18.165
34.435
$3.30
181
184
$24.20
193 5/16
45.95
878
108.93
Bey
Macao do
373
#112
Bucharest
814
$35
Rio
17
$283
Buenos Aires
392
T.191
Bombay
1/54
Shanghai Hong
1/8
Yokohama
1/31 9/013/32 Silver, spot & forward 16 9/10
THEN
HN
TUSH
and *South American Ports ...
Shanghai, Japan and EUROPE via Siberia, Siberia Māru
......
1
Wednesday 10th.
1.00 PM Kowloon P.0. Parcela 450 M Beg.17th,9.00 ▲H Letters 10.00 AM-
· G.P.O.
||Par.,17th, 5.00 1. m Beg 13th,945 A
Letter 10.80 198
Tuesday, 16th, Kowloon P.0. Reg 1.00 2 M Letters 1.00 11 G.P.O. Reg. 1.15 m Lattari 1.30 M
Korelcom P.0.
Roge Lotters
$242
$78.
$771//781
Swatow ...
Kwongsang
Taiyuan
Amoy
8,30 x 4.80 M
828
$22{
Swatow, Amcy and Foochow
Haiching
Friday, 12th,
T.101 Caldbeck, 1(ord.)
T10.40 Macgregors (pref.)
Straite, Ceylon, India, Mauritius, Eart and South Afrim, Aden, Egypt and DUBOPE via Marseilles due Mar seiller, 10th October ...
Mantua
$3
Canton ices ....................... #a.10
Buyers..
$8.00
3.23 *250
LABOUR IN FRENCH COLONIES.
$17.60 $17.70 $17.701
$12
Do. (new)...
Cements (comb.)... $17.6 #17 $17.60
Do (old).
$13-
kik
14
Ropes
$10.80
10.90/11
China Sugars...
IMPORTANT DECLARATION
827
Malabon Bugars ........
$5
United Asbestos., «--
***
Straits, Ceylon, India, Mauriting, E. and S. Africa, Egypt and EUROPE via Marseilles-dns Marseilles, 18th Oct.
Kanaloma
1.15
Miscellaneous
2.00
1:20
Paris, August 31.-The Journal
Dairy Farms || $203
$26/
1:00
Der A. Wingsma
.93
$26
Amusements *********
$25
1.45 5.00
310
$1.85
Chin Entertainm'te.) $10 Constructions
Saigon, Caylon, India, Mauritius,>
East and South Africs. Egypt and EUROPE via Marseilles
dae Marseilles, 18th October
1.00 P
Aden.
Sphina
1.00 x
G.P.O,
***
Rcg.
1.13 PH
$1.90
$02
Lane Crawforda ... $1.80
·|Lafters ~ 2.00 r = Wednesday, 17th
$18
C
Aki Marú
欧录
Тарал
-9.30 AM
$11.60
Sinceres
811
Watsons.SAARISTA
$12
$2.85
Wm, Powells.
"B. Ind. G.$ Boods... 81%
H.K. Gort Loans...
81081
Anglo-Jaras Anglo-Dutch Batu Anams Chemors. Consolidateds -Kroewoeks
Repahs Tanah Merahs Tebongs Ziangbes Exchange.-The T.T. rate on Lon don is 1/2 and on Shanghai 823.
Forward Settlement Days,Sep- tember 29, October 28 and November
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," Shinghai), who are not responsible for cable mutilations:
NEW YORK, Sept. 4, 1930.
Tone of Market.-Easy.
No. of Shares, done-1,780,000.-
Call Money-2 per cent.
American Smelting
Anaconda Copper Baltimore and Ohio Borg Warner.... Continental Oil
City Service Common Curtis Wright Common Eastman Kodak......... Electric Boud and Share General Motors
General Railway Bignal Gold Dust......
Goodyear Tire and Rubber Granby Consolidated International Cement- International Nickel Amalgamery Ward m Radio Corp.... Radio Keith Orpiatim Seara Roebuck & Co.
Sept
Last Dividend.
Latost Sales.
3.50
101
3
None
300; A -None
Simmons Con
Standard Oil of New Jerses...
Standard Oll Co. of New York.
1.00
Union Carbide and Carbon.
2.60
United Aircraft and Transport...
None,
None
United States Rubber United States Steel
BY M. PIETRI
publishes a most important declara 926 35 326.63 $281/1|
tion by the Minister of Colonies, M: Pietri, on the subject of the attitude of the French Government with regard to labour legislation in he says, the Colonies." France, " has nothing to fear from a severe control of labour in the Galonies. In effect it she follows the practice of forced labour in some instances it is in imitation of such other coun. tries as Belgium, England and Holland." He added that France is proud of her Colonial work and would willingly accept the opportu- nity to demonstrate and even justify it before the other Powers. We would," he said, "willingly accept an international understanding on the subject and annual reports bat ia no ease would we accept inter- national control or inspection on the spot. That would involve a question of French sovereignty in connection with which there can be no concession." That according to the French Minister explained the. refusal of the -French delegate to vote for the convention at Genova, which involved an infringement" of national sovereignty.
312
Mackintosh.........
Nanyang Tobacco...
LOCAL AND REGULAR OUTWARD MAILS.
Canton
Macro & Trinshan
WEEK DAYS.
SUNDAYS & HOLIDAYS
From G.P.O.
Foo SHEDNOWINN BRAXON P.O.
FROK
.P.O.
FROXX BIKONGWA
BRANCH P.O.
·(7.15 am. &
18.00
1.30 0.02 7.00 p
(7.15 am. & 3:7,80 81-
1.15 p.m.
| 1.30 p.
6.00 pm. -6,00 p
•7.15 1.
9.00 m
Kongmoon (except Saturdays) 6.00 p..
Baukong (except Saturdays). Fatahan'(By Train)
The Brighton magistrates last month sentenced Stephen Bennis, aged 30, racecourse clerk, Nile Street, N.W., to six months hard. labour for welshing" at Brighton
T OF races. Police officers saw him take beta and rush away when the race Tal Fo had started and hide in a motor-
ear. When arrested he said, I Shumchun
had no money and got up and took
a chance." The police stated that
Beasts had three rames He took Cheungshow
handed tickets out in
het hy the panca Aberdeen another and third. Previous convictions dating Stanley back for nine years were reported. Autan, Fingshan,
Non-smoking compartments on the Great Western Railway are to be labelled as such. Smoking will be permitted in compartments pot
labelled.
9.00 .m.
8.00p.m. 9.00a.m.
3.00 p.z. 12.30 p.m. &4.30 pm. Saturdays 1.00pm &
-7.16 am, & (7.30 alin." &
·7.00 pt
5,00 pa Bandays (6 p.m. only | 7,00 pa
Sundays Lonis
[7.15 am & (7.30 am. &
L18 pan.1.80 pza. Bundays
Bundan 2.30
8.15 am only
6.00 p.m.
7.15 am. 9,00 B 9.00 4
-11.0
(11.00 10TM
4.89 p.m.
∙1.00 palle
1,000
Bbatia, Shata Ehengahul Balkung
·Bamban,“
(Famon)
2,00 p.m.
4.30 p.m
1.30pm.
Shakki
only
..6.00 p.x0.
6.00 pe
*Baperscribed correspondence only.
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