12
Money and Markets
NEW YORK STOCK
EXCHANGE.
LEADING STOCKS LOWER.
LOWER PROFITS ADDING" TO UNSTEADINESS.
[UNITED PRESS.
New York, September 3-Áftër early firmness on the New York Stock Exchauge to-day, the market sagged and leaders closed lower, says the daily review of the Dow Jonca Financial News Agency.
U.S. Steel's decline below 170 resulted in mild pressure on other Lasues," the close being of two points
CANTON TRADE
NOTES. ་་་་ Deinand for four is not healthy and the market is overstocked Prices are steady
Foodstufr imported from the North on Monday were 20,000 bags flour, 8,007 bags beans, 1,950 bags groundout, and 900 bags groundnut
cakes.
Same 113.333 rolls of foreign piece goods were imported during last nonth showing an increase of 18,628 rolls over the corresponding period of last year
Prices of Chineso paper have gone up owing to abort arrivals. De
to 1683 and the Dow Jones averagemand for foreign paper is not for 30 industrials being off 283 to keen on account of higher prices 237.34.
caused by the exchange.
Bethlehem closed up to 87 in contrast the movements of many other issues. American Can was down 1 to 199: Westinghouse was off at to 1478; General Electric was down 11 to 71 General Motors was of 7/8 to 451; Chrysler was down 3/8 to 27; and Du Pont was down 3g to 116.
The Decline in Commodities.
Further doclines in the prices of wheat, corn and rye, together with a reduction in the dividends of seven companies and lower chain the store profits, contributed to unsteadiness. Kroger Grocery clos ed up an eighth to 25 Mont gomery Ward was off 1 to 35, and Sears Roebuck dropped 3 to 718 at the close. General Foods was off a quarter to BT.
The Dow Jones average for rails was off .34 to 131.20, with New York Central down 2 to 161 Pennsylvania off & point to 73 Canadian Pacific up 1 to 181 Rock Island up a point to 100; and Union Pacific down three points to 217.
The export of tea to the United States has decreased during the past few years owing to Japanese competition. It is reported that Japan produces over 80,000,000 pounds of tea annually. Over 20,000,000 pounds are exported, of which about-77 per cent. is consum- ed in the United States.
.COLONY'S TRADE.
STATISTICS FOR MONTH OF
JULY
are
|
HONG KONG DAILY PRESS. WEDNESDAY, SEPTEMBER 10, 1930.
LIKIN ABOLITION DAILY SHARE QUOTATIONS
IMPORTANT STATEMENT BY MINISTRY OF FINANCE.
HONG KONG STOCK EXCHANGE.
SHAREBROKERS”... ASSOCIATION.
Внучка
Bahara
Sale Kontest
TUESDAY SEPTEMBER 9.
Buyers Sellers Calm Winal
Banks
Shanghai, Sept. 4.Although the Ministry of Finance has long fixed October 10 next to be the date on which China would abolish her likin duty and instala new "Na- $1,010 tional Tariff," judging from the fact that after the abolition of
in the Government would not be able to meet her demands, par- ticularly at this time, when the ex- pedition against the North is at. its height, the Governments pro poral in this respect will be post- poned indefinitely.
***
$995
ESA
1.160
$147
1409.
$231
On this subject a special inter- view was granted by a responsible official of the Ministry and a cor respondent of the huo Wen News Agency at the Shanghai Office of $1,000 the Ministry this afternoon. In theory, said the Ministry's spokes.. man, "likin ought to have been done away with long ago, as it does the people no good but rather harm In fact, the Government finds it very difficult to have this "tax" abolished. Under present condi- tions, the Ministry believes that even the Trade Tax," which has caused much complaint from the people, is not so easy to aborish.
The simple reason is that the. Government is now at war with the insurgents and require, much money to finance the expedition. Moreover, since the Government has not yet been able to unify her finance she would be in great dan- ger if she give up her revenue sources in the form of likin and received
from the various provincial governmenta
Judging from present circumst ances, it will not be possible for the Government to abolish likin
none
B3
*****
ITMI
*****
1
£110
1915
£27
**15
HK Banks
$1,510)
Do. (Lpadoa) ... Chartered Banky ...
Mercantile Brs "A"
Do.
$115
450/00/-
$191 Bank of East Asia...
Insurances
Canton Insurancas.. $985 Underwriter's
North Chinas....................
Union Insurances... $447
M.850 Yangtare Insurances China Fires..............
HK, Fires....
1982
DIMI
$100
$1,000
umr
31.80
T160
$60
119352
Shipping
Douglases
$124
Steamboats
$25+
$40
Indos (pret)
$43
Da (dat)
90%.
Shell Tiansports ...
*33
Water-boat
Mining
$9
·Benqueta..
30
Kailans..................
96,9
Langkats (comb.) .......:
T1440
T8o. (single) ...
$7.40
T130 T.61
Shanghai Loans
Explorations.....
T.1
TO
$234
Raubsreisi
21/
.8162162/63
$6.15
$36
441
1.268
Returns of the Colony's trade issued by the Statistical Branch of the Importa and Exports Depart for the month of July show the and to insta! a new national tariff total value of imports as 836,094,877, by October 10. lo my personal including 84,378,121 classified, as opinion, the Ministry's representa treasure, The total is made uptive concluded, the earliest date for of 26,508,400 from the United Kingdom, $4,182,581 from British doing this would be in the 20th year of the Republic, that is to say Dominions and Possessions, 814, 1231. 790,558 from China, and 831,153,284 from other countries.
Total exporta valued at RUBBER TROUBLES. #13 855,540,834 including a tittle over 21 million for treasure. The details The Dow Jones average for 20 are United Kingdom 28473,592, utilities was off 1.13 to 85.48. In- British Dominions and Posssessiona ternational Tel. & Tel. rose a half 35,684,399, China $24,140,453 and to 41, but American Tel. & Tel ather countries $25,242,480. was down 1 to 213, with Pacific. The total tonnage of ocean-going Lighting of 1 to 77, Standard steamers entering the Colony during Gas. of 3 to 1037 and Columbia July was 1,241,162 for 513 vessels, Gas off 1 to 591.
of which 911 were British, 103 Japanese and 52 Chinese. River steamers give a tonnage of 357,604 for 427 vessels, including 306 British and 104 Chinese.
Utilities Lower.
Sales for the day totalled 1,744, 530 shares. Call money was up half a point to sh per cont.
QUOTATIONS,
New York, Sept. 4.
Market Waak. Business dono, 1,741,520 shares.
Adams ExpresS. 100 American Cam.
Sept. 2
3
*
...
American & Foreign Powar
American Bolling Mill...
American Bmelting
American Tel, & Tol.... American Tobacco "B" American Waterworks.... Ábaconis Anaconds Cupper
Atlantic Refining Ballimere
Obio
Bethlehem Stool
Borg Warner
Calumet & Heels
Canadiso Pacife Bailway"
Chicago Book Island
Chicago
Chenilar
Chrysler...
***
Citles Service Common.
Gas & Electria
Colum
Columbia Graphaphone Commonwealth & Southern Commonwealth & S. Warr. Consolidated Gse of N. T. Continental Cil...
Corn Products ...
Curtian Wright, Common Du Pont de Nemours Bastman Kodak.... Electric Bond & Share...
Erie Railway
Fox Film"&
TA
General Electric
General Foods....
General Hators ...
General Bailway Signal
Gold Dust
Goodrich Rubber
271 281 1801 120
... 731 721
*** 522 521
834 69
216 2111
257 252
903 69
337 83
-102 1011
291 204 131 131
841 87
170† 181)
09 100
29
89
171 1G
137 12
109
04
... 1919
931
120 1161 218. Unq 821 82 Hush, 40
511 501
731/711
.
During the month there were 511 departures of ocean-going steamers, including 211 British and 109 Japanese, the total tonnage being
The tonnage. 1,237,295.
river steamer departures was 358,588 for 424 vessels including 308 British and 90 Chinese.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE.]
Paris New York Brussels Geneva Amsterdam Milan Berlin Stockholm Copenhagen Oslo.....
Vienna PIBUC Helsingfors Madrid Lisbon Athens
RUGBY, Sept. 8.
Bucharest............›
Ria Buenos Aires
Montevideo
Bombay
Shanghai
Yokohama
193.825
4.867...
34.85
25.035
· 12.073
92.823
20.415
18.095
18 16.
18.17
34.423
1637
183 3/16
44.95
108.95
373
911
4 13/16
391
40
1/51 1/71
1/3 11/16
2/0 13/32
Silver, spot & forward 18
LONDON PLAN FOR CON-
TROLLING MARKET.
:::
Tronoh Mines
Docks, WharvBE,
Godowns, etc.
1.117 Shangbai Docks ...
New Engineerings "Hongkowa .............. ostin
Lands, Hotels, and
Buildings
FOREIGN MAILS
RADIO NOTICE.
Individuals and firms are recommended to register their telo- graphic address at the Radio Office. No charge is made for this.
INWARD MAILS.
FROM
Dur
„SHANGHAI BEd Swarow
Sindrang
10th Sept
Axor and Hwarow .....
Cromar
10th Sept
AMOT
London, 14th Aug and
August)
parcels, 7th
Talma
"Malwa
Luth Beph
11th Sept
Taiping...
13th Sept
Prai, Jackson
13th Sept
Keatus ....
19th Bapt
· Andre Labon
15th Sept
Spline.
18th Sept.
4sama Maru
17th Bet
Pres. Harrison
20th Sept.
-
Pris. Taft
Emp, of Japan
22nd Sept
94th Sept.
#
Bumors via Susz (Letters and papers,
· AUSTRALIA Ènd MANILA
USA., Uinada" Japan, and Shanghai)
Seattle, 23rd August)
SAIGON
and Shanghai
JAFANDEnd BILANGHAI JAPAN +99
U.S.A, HONOLULU, Japan and SHANG- BAI (San Francisco, 2nd August). USA, HONOLULU, JAPAN and SHANGHAI
(San Francisco, Ruth Aug.)...............
* CANADA, U.S.A., HONOLULO, JAPAN sadį BHANGRAI (Vancouver, BD, 4th Sept.)
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 9am, registered and parcel-mails are closed at 5 p.m. on the previous day.
་་་
Foz
་*
Amoy ***
Haiphong
Swatow...
Shanghal and EUROPE via Siberia
Hoihow, Pakhoi and Herobong
Japan and Victoria, B.O.-dae Victoris,
B.C, 7th October
*Straite and "Caloutta
Pra
DAT and TIME
Wednesday, 10th,
Kwonysang Ninghai...
Oremier
Deli Maru...
Taiyuan re
8.30 x 380 M
Thursday, 11th
10 00 AM 10.30 AM
1.30=
·2007 M
8,00 M
Swatow
H.K. & K. Wharfa....
$162
Amoy
Providents...mimin $5,20 HK, Docks
#39 T118
Strait
1.7
Formosa via Swatow and Amoy
***
10. G. Maurice Long
Bydrangea
Friday, 12th,
Malwa
Lamoñora ...
8,50 AM 8.30 &
Toucer
Taima
Swatow, Amoy and Foochow
Hatching
Straits, Ceylon, India, Mauriting, East) and South Africa, Adon, Egypt anli AUROPE in Warneillos--dus kint- seilles, 10th October
Mantua
4.
T.80 T9.30
ex rights $74 rights $13
AS
$11.10 $1120)
$787
HK. & S. Hotels H.K. Lands cam, r
$11
379
$75
$13
Do
T.237
Shanghai Lands
$81.
HK. Hesitys
DOGOULDI
$16
Humphreys
187
Chinese Estates
Cotton Mills
Έπος
T.12 T12.65
London, August 30. Mincing T.123 Lane is now discussing the new rubber restriction scheme, which according to the Morning Post, is to be determined, not on price, but by the world stock level.
$18.10
$13
88.30
$25
$197
8782
The underlying principle is that supplies should be curtailed or re- leased according as world stocks rise or fall the agreed "pivotal? surplus, which gives, a reasonable margin of safety to the consumers. Such margin will be provided if stocks exceeded the three months'
Assuming that supply.
four $35 monthe supply sa reasonable figure and the world consumption rate is 750,000 tons yearly, the "pivotal" surplus will be 250,00 tons.
CEYLON AND RUBBER RESTRICTION." PLANTERS NOT IN FAVOUR OF THE DUTCH SCHEME,
་་-་
Colombo, Sept. 2.-A referendum has just taken place among the rubber producers of Ceylon on the initiative of the Dutch groups who are seeking to bring together zub- ber interests.
J
In opposition to the proposals which were made, the local pro.. ducers decided against any new restriction project.
Botter Tendency in Rubber Shares. Paria, Sept. 3-Rubber shares have been favourably influenced by the persistant efforts made towards". restriction, and an improvement bas taken place in their prices.
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
461 45
82. 04.
42
Hong Kong
23 221
Goodyear Tire & Rubber
Granby
221 221
Chocolate
051 : 85
243 244
96
Muth
200
401.41
84341
Mail.
23-22
Tone of Market-Irregular.
18 14
No. of Shares done.-2,500,000. Call Money -2} per cent.
1681 1612
124 12
American Smelting.
101104
The following quotations have been received from their cor respondents, Messra. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz Bassoon House, Shanghai, (cable address: Swanstock, Shanghai), who are not responsible for cable mutilations:
#1!
uung
יוי
T.88 Shai. Cottons.......................
T.
Zoong Slags
$81
Public Utilities
Dai
(new)
$9.10
$140
##
Tramways ***** $18.15
Peak Trams (old)...
Star Ferries
C. Lights (old)................azo
Do. (new)...... 201
தார
$79
FLK. Electrica
Macao do.
8113
Sandakan Lights...
$3
T.191
10/
19/
Telephones (fully pd.)
Do. (part pd.) China Busesäum Tractions...onion
Do. (pref)........
Industriais
T.101 Caldbeck, (ord)
383
144
⠀
$18.26
4100
Australis (except places North of Towns
ville) and New Zealand via Singapore and Brisbane-due Brisbane, 4th Oct.
Bangkok via Swałow u
Swalow, Amoy and Formoes
Japan, Canada, USA C and S. Amorios and""EUROPE is Victoria B.Q.- "dae Victoria, B.O., 3rd October
Shanghai and EUROPE via Bīberis
· Mantua connecting with J. Nieure Hot land at S'pore.
Proa, Pieros
10,30 AM
Parools 19.30 Y M. Lattars
1.30 –
1.00 F M
Kowloon P.U. Parcals 4.30 ↑ m Reg.13th,9.00 M Letters 10.00
G.P.O.
Par. 12th, 3.00 v M Beg 18th,9.45 à ̧à° Letters, 1080 A M2.
Saturday, 12th,
Rog
9.15 ▲
Letters 10.00.
Sunday, 14th,
Kaying Canton Maru
9.00 & M
9.00
Friday, Parcal Bag, Laftars
15th,
3.00 2 W
415. M
5.00 x =
Keg
5,00
Pres. Pierce
swatow, Amoy and Fouchow
Haisang
T10:40 Macgregors (prof.)
Canton Teas
$3
818
Caments (comb.)...$17.80 $17.90
a12
'Do (old)...
Straits, Ceylon, India, Mauritius, E. and]
8. Africa, Egypt and EUROPE vis Marseilles dus Marseilles, 16th Oct.
Menelaua
1.00 PM
362
Do. (new)...
811
$11+ $11
$11
Ropes **** $11.10
$11.20
$1.15. China Sugara kesän
$27 Malabon bugars .-•|
$29
$5
United Asbestos
Saigon. Ceylon. India, Mauritino,,
*East and South Africa Ades *Fgypt and EUROPE via Marseilles -due Marseilles, 18th October
Sphina
$11.80 $12
8%
Miscellaneou
Dairy Farms..........
Der A. Wings-ar
H.K. Govt Loans.....
LOCAL AND REGULAR OUTWARD MAILS.
Ивом и SINUNGWA
BRAKOR
RON!
7.80 km,
7.00 pm. Sundaye
Letters
Reg.
Emp. of Russia
Reg.:
Shanghai, Japan, Canada, U.B.A., C. and
É. Americs and *EUROPE via Yas couver, B.C.de Vancouver, B.O.. 4th Oct., and Europe via Bibaris
Swatow...
Foo Bhing dki Maru.. "Tenan
Cheongshing
Gatters.. -- 6.00 ý x2
Tuesday, 16th...
1.00 Kowloon P.O Bog, 1.00 M
Reg.
·G.P.O.
1:45 PM
Lettera 9.30 F M
Kowloon P.Ü. :
Beg "1.00
Letters 100. 2. X .G.P.0,
L15 PM
Letiam 2.00 ♬ w ̈ Parcels 6.00 PM
Wednesday, 17th,”
∙∙9.15 as
«Letter 10,00 A'M,
Wednesday, 17
9.30 A
*480
**5.00 PM
Thursday, 18th, Parooli Noon Letler 1,00 PM
5,00
3.30 FK
Empress of Japan
ribed
rrespondanos only,
Wednesday, 24th,
$26.35
$26.85
$281
81
$26
Amusements .....................
$25
STO
Chin. Entertainm'ta.]<$10
813 $2.65
Constructions......
$1.90
$19
Lane Crawforda....
Mackintochst
$1.80
$11.60
Nanyang Tobacco... Sinceres
Гарка
Amoy
$11.40
Watsons re
WILD
$12
Foochow via Swatow
$285
Wm. Powella.......
B. Ind. G. Bonds... 91%
$1081
Straits and Calcutta Amoy
Horang
Kumsang...
Manila
WEEK DAYS,
SUNDATS & HOLIDAYS
FOR
FROM G.P.0.
Ряск SHRUNGWAN BRANCH PO,
FROK G.P.O.
7.15 m.
Canton
Last Dividend.
Latest Sales
í 7,18 a.m. &) 28.00, puth
730 x.m. 17.00 pm.
6.00p.m. | äundays · (5pm. only
7.00 p.zo. Lonly
-71
471
(7.15.1. & 17.30 &
101
Маско 4
ƒ.7,15 km, &} {7,80 mm;
1.16 p.m.
115 pm
[ 1.30 p.m.
Sundays
Nous
Nono
218
Kongmoon (except Saturdays) Laukong (wxcept Asturdays).
6.00 p.m
6.00 p.m. 1:00 p.
| 8,15 #2
Louly
6.00 p
1.30 am.
Sunders
8,80 BIL Lonly
6.00 pl.
6.00 pm
Fatahan (By Train)
7.15 IL
7.15
· Tai 6-
9.00
Tai Po
(0.00 2.m
8.00 pm 9.00am 2600 7,00, 12.50 p.m
& 480p.m Haturdays 100 pim.& 4.30 patti. 8.30.2 1:00
0,00
9.00 8.0,
110
(11.00 am,
FACTS AND FIGURES
For the Busy Business-Man
interested in Hong Kong and
South China. The "Weekly
Press (price 30 cents) will be
mailed for a year to any place
the world for $16. Specimen Copy Free.
NEW Toa, Sept. 8, 1930.
Kerabay
International Cement
International Combaston Eng.
Harvester
International Tel, & Tal
Johns Manville,
Kennecott Copper
Toll. Kreuger &...... Kroger Grocery... Liggett & Myers B} ***
Louws' Inc. Ludlam Steel__.
Montgomery Ward
Nevada Consolidated Copper
New York Central
Pacific Lighting
Packard Motor Car
Paramont Publix Corpor
Bailroad
Pons Corporation....
Fennroad
Phillips Patroloum
Public Service of New Jersey.
Radia Corporation
Raido Keith Orpheum...
Reynolds Tobacco "B"
Bears Roebaut.
Shell Union Banka moy
Bimmons.
Company
Southern California Edison... 563 Ung..
fas & Electrio
Oil of Now Jersey
Standard Oil of New York
Texas Corporation
Texas Gulf Sulphur
Timken Holler Bearing Trans America Union Carbida & Union Pecifle Railway
Carbon
United Aircraft & Trans United Gas & Improvement
United States Bubber
United States Steel Vaxadlin Warner Bros. Plotures Westinghouse E. & M.
Woolworth
Anaconda Copper Baltimore and Ohio Borg Warner Continental Oil”; City Service Common Curtis Wright Common Eastman Kodak ................ Electric Bond and Share" General Motors
General Railway Signal Gold Dust, qarkuterieruses Goodyear Tire and Rubber Granby Consolidated International Cement International Nickel
Montgomery Ward
Radio Corp
201 253
691
106401
81
61 617
68 Ung.
78 220217
Noon
791
Radio Keith Orpheum
Nore
Sears Roebuck & Co
ZD
Simmons Co
20
Standard Oil of New Jer
70-178)
"Standard" Off Co. of Now. Union Carbide and Carb United Aircraft and Trant Daited States Rubber...... United States Stool
1.00
2.00
None,
-Nore
Shuch
Chaungchow
&.4.30 pm
8.30 in.
1:00 jam.
Aberdeen
•Stanley
Autan, Pingshan, Santi
Shatin, Shatankok and Sheangahul
13.00 pm.
· 10,80 3
Balkung
((Fum(in)
4.30 paras
Naztan, Shežki & Taiping
1450 PARK
$7.00 pm