12
Money and Markets
NEW YORK STOCK EXCHANGE.
RELENTLESS DRIVE BY
BEARS.
SLOW RECOVERY TOWARDS. THE CLOSE,
UNITED PRESS.J
-WORLD'S GOLD
PRODUCTION.
RECOMMENDATION OF
LEAGUE COMMITTEE. :
(THROUGH REDTEK'S AGENCY.]
GENEVA, Sopt. 23. The effect of a probablo de- cronse of the world's gold produc- tion upon commodity price levels New York, September 19-Are in the subject of an interim ro lentless drive by the bears crumpled port by the gold delegation of tho prices on the New York Stock Ex-guo of Nations Financial Com
mittoo. change during the morning session to-day, though a slow recovery was in progress towards the close due
It estimates that the gold pro duction in 1830 will be of a value of 0,800,000, but will deelino an mually to £74,000,000 by 1040, after accelerated as the South African mines are gradually exhausted;
HONG KONG DAILY PRESS, THURSDAY, SEPTEMBER 25, 1930.
AMERICAN WHEAT MARKET DAILY SHARE QUOTATIONS
SCARE.
INVESTIGATION OF SOVIET
| BEAR" OPERATIONS,
(RBUTT'S AMERICAN SERVICE)
WASHINGTON, Sept. 23.
HONG KONG STOCK,
EXCHANGE.
SHAREBROKERS' ASSOCIATION.
Bellera Batxominal
(WEDNESDAY. SEET 24:
Bayes Calle
Banks
£108)
**
£10 £201
B110
It was stated by the Secretary of 81,610 $1,020 81,510] the Department of Agriculturo in the House of Representatives to-day that a apesial committeo on Goriot propaganda and the Chicago Board of Trado were preparing an inten- aive investigation of alleged Boviet "bear" operations.
The enquiry is opening to-mor TOW.
The first witnesses will be the hands of the three Commission houses who are reported to have sold 7,500,000 bushels of Russian wheat futures.
$1,030
$2.90
T.180
$400
81,070
$181
Failure of Farm Hellof Programme,
NEW YORK, Sept.: 23. Wall Street international bank ing circles are inclined to rogard 8201 the matter as another "Red Bogoy," the Journal of Commerce express ment must had it hard to explain the failure of their Farm Relief programme.
to abort covoring, says the daily re-which the decline will probably being the opinion that the Govern
view of the Dow Jones Financial News Agoney.
Trading was active on the decline. Salca for the day totulled 2,947,780 shares.
A Drastic Reaction.
The reaction was one of the most drastic in months, with Dow Jones average for 30 industrials off
5.16 to 220,02,
Towards noon the market showed some signs of recovery, then again declined, and once maro rallied in anticipation of n stronger rally to-
morrow.
U.S. Stoel closed down 3 to 1831. American Can was down 3 to 122 Bethlehem was down 11
China May. Employ Gold for Ourrency.
Record Low Price for Wheat.
It considers that the present
CHICAGO, Sept: za The scare report that the Caria. economic depression may result indian: wheat pool was in thificulty the weakening of the Indian de
and for gold, though the deeling sont prices down to the lowest since in the price of silver may lead to 1908, September wheat touching 77
por, bushel. nerenaed purchases of gold. It also alludes to the possibility of China employing gold for cur rency purposes owing to the silver. situation.
The report forcabadows a serious aitustion when trade revives KID- less timely measures be taken.
to 80. Eastman Kodak was downWhile it welcomes the discontinu-
21 to 200. Westinghoum E. & 21.ance of gold coin for domestic olosed down či to, 142),
Rails and Utilities.
The Dow Jones average for go rails was off .02 to 120.71, with Pennsylvania off a half to 721, New York Central firm at 1611 Erio down 5 to 391, Canadian Pacifio up a half to 186 and Rock Taland down 14 to 84.
Utilities likewise share in the decline, with the Dow Jones aver- age for 90 issues off .85 to 74.33. American Tel, & Tel was down 4 to 210; International Tel. & Tol. was down 7/8 to 401; Electrio Bond & Share was down 27 to 171; and Columbia Cas was down 1 to 62). Onli mancy continued to be quoted at 2. per cent.
QUOTATIONS.
Market wook.
New York, Bopt. 20.
Business done, 2,047,780 shares,
Adams Express ...
American Can
American & Foreign Power
American Bolling Mill...
American Bmolting
American Tel & Tol. American Tobacco *B***
American Waterworks...
Anaconda Coppor Atlantic Refining Baltimore & Ohio Bethlehem Stool Borg Warner in Calumet
st & Hocla Canadian Pacific Railway Chicago Rock Island ... Chryfor.....
Cition Horrico Coamon... Columbia Gas & Electric Columbia Graphaphono Commonwealth & Bontbern Commonwealth & 8. War. Consolidated One of N. T. Continental Onl...
Corn Producta ....
Curtis Wright, Common
Du Pont de Nemours Kastman Kodak........
***
Elosteto Bond & Share...
Eris Railway
14
D
Fokker Aaroplane
For Film "A
General Electric
General Motors...
General Foods...
General Railway Bignal
Sopt. 18 19
281 201
... 128i 123
091 07
401 401
061 648
214 210 ...2481130
98 05 442 443 ... 82 83
100. 201 8785 **28 27
19 12 185 185
+
96) 94:
currency it recommend, an inter- national agreement for lowering the legal minimum of gold cover against notes, together with a con- certed sound currency policy, and the adoption of a gold standard by countries which have not yet stabilised their currency..
INDEX OF AMERICAN PROSPERITY,
INCREASE IN BANKRUPTCIES THIS YEAR.
(REUTER'S AMERICAN SERVICE)
CHICAGO, Sept. 23. The president of the National Association of Credit-Mon forecasts. that America's loss through bank. ruptey in 1030 will probably amount to 81,000,000,000.
It has been $760,000,000 for sev- cral years past)
EXCHANGE RATES,
[DRITIAN WIRELESS SERVICH.)
Paris
Now York
Brussels
Geneva. Amsterdam
Milan
Ruaay, Sept. 23,"
123,705
4.85 31/32
34.88
25.03
12.05
92.70
Borlin
20.415
271 27 201 28
Stockholm
16.09.
Copenhagen............. 18.18
Oslo
18.17
Vienna
34.433
183 18
Prague
.. Helsingfors
Madrid
691 62 10 341
31A
107 2007 181 18
695 872
... 117 115
... 2121 209
+
60 77%
45 303
174 10%
4×2:471
70 081
50 20
48 42
Matt 78
Gold Dust
401 401
Goodrich Rubber
22231
Goodyear Tire & Rubber
5984
Granby
-211 21
Horabey Chocolate
Matl 90)
International Cement
Math 64
International Combuston Eng.
-- 03 - 6)·
•International Harvester
781 711
International Nickel ...
Intárnational Tol, & Tel Johan Matíville Kennelott Copper Kreuger & To
+++
Kroger Grocery... Liggett & Myers 1! B”
413 401
Herade Consolidated Copper... MuEL. 14
8078
Paramount-Publis Corporation. 581-571
Lisbon
Athons. Bucharest
1031 103 3/16
45.10.
108.95
376
Ria
810) 4:31/32
Buenos Aires
40
Bombay
1/64
Shanghai
1/72
Hong Kong
1/31
Yokohama
2/0 13/32
Montosideo
Silver, spot & forward' 17
DROP IN RUBBER CONSUMPTION.
DUTCH COMPANY TO CEASE TAPPING NEXT JANUARY,
Paris, Sept. 16-The world's con. sumption of rubber for the first eight months of 1939 amounted to 250,530 tons as against 349,108 tons for the corresponding period of
1029,
FLINE
H.K. Banki
Do. (London)... Chartered Banks
Mercantile Bhs. "A"
Do
Bank of East Axis..
Insurances ---
Canton Inguranos. | $1,030|| Underwriters
North Chinas.....
$450 Union Insurando... $45 M.350 Yangtane Insaranoos
Chins Fires
H.K, Fires...
Shipping
Douglassa
Steamboats
Do (def.)apstre
Shall Transporta
Water boată
$40
Indos (prot)....
$35
B400
#1,075
it if
***
$2.00
**
inst
$1,625.
FOREIGN MAILS
Onand after Wednesday, 1st October, the entrance to the Parcola Delivery. Section of the Gonoral Post Úlles will be in Das Voeur Road opposito Mussra. -Whiteaway & Laidlaw's Stor
Parools for posting at the General Post Office should still be haadof in, (sa at present, over the counter in the Publis Hall
RADIO NOTICE.
Individuals and ärme are recommended to register their tele- graphic address at the Radio Office. No chargo in made for, thia.
"INWARD MAILS.
1 ཚོང བློ 1935 |
$28
JAVA
FRUM
PKE
Don
Tabort
Eusors via Buzz (Letters and papers,)
28th Aug, and parcels, 2110 - Khyber-
25th Sopt 25th Sept.
JAPAN, BHANGual and Eusors vis
Laxada Ja'am, and Swanguáti (Boatile, Stu September)
Pres. MoKinley
seth Sept
SEDBALA (London, 6th September)- SHANGHAI and Axor
HAIDON
JAPAN and Shanghai
201
SHANGHAI
$43
STRAITO
BATATZA
87.
931
BATAVIA
Mining
U.S.A. HONOLULU, JAPAN and BRINGKAT Francisco, 5th September)
En
Banquets
32/8
Langkata (comb.)...
· T8)
Do. (single)
TL30 T.61 $24
Explorations.....des
***
JAPAN... AUSTRALIA and Mamela · CANADA, 0.8.A. JAPAN and SHANDHAI)
(Vancouver,BÜ.; 18th Bept.). U.S.A, HONOLULU, JATAN and Spano-1 HAI (San Francisco, 12th September
| Kashgar
Tibadak
Porthos Tipondoh... Gent. Matsinger Patrocla
Tysalak
St Albans
Thisandari
Pres. JohnJÖN Brisbane Maru Nellore
Empress of Aria.. Pres, Jeferson
OUTWARD MAILS,
REGISTERED and PARCEL MAILS are closed 15 minutos 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 6 p.m., on the previous day.
20th
19th Sept 80th Sept
2016
80th
Soth
Buth
Jat
* 1883 888 8 8
***
T.260
$11 #78
#160
$36
This shows a reduction of 60,578 tone, or about 20 per cent.
Amsterdam, Sept. 16. The man agement of the Java Rubber Co.. announce that they will stop tap- ping on January 1 next as the cost of production is at present greater]-20 than the selling price. In a state- ment by the management it is "pointed" out that the reserves of T13.00 T1270 T12.60 the company would-be oxhausted. in a yes it production were con- tinued under present conditions. In the event of the price improv- ing the company will resume tap.
$18 ping.
This decision has created an ex-$13.60 cellent impression in Dutch circles 86.60 and it is believed that other com-
$25 panies, will follow suit-
CESSATION OF RUBBER TAPPING.
IMPORTANT MEASURE :
REPORTED.
London, September 10.-The Com- mittes of Planters has instructed several plantations to cease tap ping.
begi
Kailan edel 35/- 27
$5,25
$37
Shanghai Loans Raubs
Tronoh Mines
Docks, WharveH,
Godowns, etc. -- H.K. & K. Wharfs....
Providenta (old)
Do, (new)
HLK. Dooke Shanghai Docks ...
17.30 New Engineerings
Lands, Hotels, and
Buildings
H.K. & S. Hotels... $11.11.10)
ILK. Lands, Dam. r.
Dor ex rights $741
Shanghai Lands....
ཆཕོང ཆོག་ ཌྜདཿཎྜ
Hongkowa
muun
Publis. Utilities
Tramways
Peak Trams (old)..
Dio.
Star Ferrios in
C. LightsTM (old).....}. 325
(now).
(now)...
Industrials
$79
⠀⠀
HITH
TIM
T1440
37.40
20.1
To
14,0
$158
$21
T118
Гом
Pre
DATE and Trem
25th,
$13
Do,
rights; $138
T305
443
$8.80
$16
$87
H.K. Realtys.... 48 Humphreys in Chiposo Estates...
***
.1++
Cotton Mills
Haiphong
Straits
Amoy and Tirons via śwntow
Van Houtes
Deli Mara
Fort Bayard
Swatow
Wing Po... Hydrangea
Amor
and
Japan
Sui Song...
0.00
10.80.
9.30
.3.00 M
5.00
Hoibow, Pakhoi and Hainhong
Limehow
Friday,
28th
8.80
315.45
Shanghai, Japan and EUROPE via Siberia Khyber Swatow, Amoy and Facchow
Boryang
L'anton
EWOR
marinamu 112,50) T84-Bhai Cottons...... T10 Loong Sings
12.69/ 65
-T89)
T.10
Straits, Caylon, India, Mauriing, East and South Afrios, Aden, Egypt and EUROPE TÍA. Marseilles-due Blar- salijos, 25th October ...
Kashga
$16.20 $18,15
$18.15
$13.55
$93
Japan, Honolulu, *0.8.A., Canada, 0.
$251
Do.
福
787/79
#11
$29.10
8271
$35 Telephones (fully pd.)
Do 1.18 China Buses
Tractions Do.
H.K. Electrica #784 Macao do Sandakan Lights
(part pd.)
789/70
Foodbow tie Swato
* and *8. America, and EUROPE eis.
Fan Frasalsoodne San Francisco, 22nd October
Shanghai and EUROPE vis Siberia Manila
·Taiyo Maru
Taiyo Laru
10.80 M
1,00
: -1.30 ► M
Kowloon P.O. Parents
4.30
Beg 27th,9.00 M
Letters 10.00
G.P.O
Par., 28th, 5.00
Bog 17th.9.45 M. Letters 10.80 N Saturday, 17th,
Beg.
415 M
Lettars 5,00
Beg.
5,00
Letters
6.00
Pree, MoKinley
430 m
Amoy
Waishing Anking
500x.M
Lour
6/0
(prat)......
Bangkok via Bwa tow
Kalgan
Sunday, 18th,
9,607
T.103) Caldbeck, 1(ord) Ti0,40 Macgregors: (prof.) Canton Icos
Boihow and Bangkok...
Sandakan
Klungchoro Hinnang
Monday,
10.30 10.80
$177 317.8 $17.80
$51
(now).
Cements (comb)... $17,70 $17,80 17.70.
(old)...
$9.80
Straits and Calcutta
#13
$41
Ropes $1.10 China Sugars
11.20
Japan, U.S.A.*Canada*C. and *S.Amories)
and "EUROPE vin Victoria, B.C.- dus Victoria, B.O., 17th October
FA
Malabon Bugars United Asbestos
Miscellaneous
Shanghai and "EUROPE via Siberis
Manila and Java via Böurabaya
Japan, Honolulu, *Ban Francisco and】
#South American Ports
$261 $26.76
Dairy Farmt, cont. r.
$26.70
Do, ar rights
$8.
Do
rights
Saigon, #Straffa ❤ilavina, #Endis, *Mauri-
81
Der A: Wings.
$25
Ansamants
$10
Chiq. Entertainz të, siç
82.40
Constructions
: 83+
Lane Crawfords... 43£
$19
་ ་*་-
tina, East and South Afrion, Aden, || Gand, Matsinger *Egypt and *CUROPE via Marusilles --duo Marseilles, 1st November
Shanghai, Japan and EUROPE via Siberis Prins Swalow, Amoy and Fooshow.
+
Shanghal, Japan, Canada, U.H.A., U, and “
6. America and EUROPE via Vans || Emp, of Japan onover, B.C.-das Vancouver, B.0.,
17th Oct, and Europe vis Biberia ...
Manila and Australia (except placos
!! - North of Hrisbane) and #New Zealand || 8h dibans.
via, Thursday Jaland-duo Thursday. Inland, 18th October
Swalow, Amoy and Fooshow
8.00 D 4,15:
Letters 5.00 PM
Reg.
5,00 Letters 400'
Tuesday, 30th,
9.00
10.80 M Kowloon P, ON
1.00
Letters 1.00
G.P.0.
Bog. 1.45 M
Letter 9:30PM. Ph: 8,00 PM
Kowloon P.
LetLore
Lettors
TO.
5.00 PM
B
OCTOBER Wednesday, 1st, Parcels 5.00 Thursday, ad, Rex. 8.15 Leibers 10:00 am
Friday, 8rd. Paroela Noon
Letter
146 PM 9,80
Fun Bang
Pres. Taft
Letter 1.00 Parcels
Pras, Taft
Tyibadak...
...Heyo Mars
Reg.
London stocks show no noticeable reduction weekly, it is pointed out, $11.85 and so long as consumption does not show a substantial increase in $11.10|| $11|:- Europo and America, no improve. ment can be seen until the business conditions take a turn for ́ ́thỏ better.
The P. & 0, 6.5, Kashgar loft Shanghai for this port on the 23rd instant at 3.30 p.m. and is dus bere on the 20th instant at about 5 a.m.
The Ben Lines Bonvorlich, from Middlesbro, Antwerp, Los- don and. Straits left Singapore for this port on the 24th instant and is due to arrive here on the 29th instant
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor respondents, Meanre. Hayden, Stone & Co., of New York, by Mesars. Swan, Culbertson & Fritz, Sattoon House, Shanghai, (eable address: Swanstock," Shanghai), who are not responsible for cable mutilations:-)
Tone of Market.—Irregular. -- No. of Shares done.—9,000,000. Call Money-2 per cent
American Smelting inte
Anaconda "Copper Guin Baltimore and Ohio
Borg Warner
NEW YORK, Sopt. 23, 1030.
Last Dividend.
3.50
88851
34 84
...27 201
80 20
Loewy Ing.
Ladium Steal
Montgomery Ward
New York Central
TI 74 31+: 201 ...35341
1014761
Froito Lighting
Packard Motor Car
121: 181
Pennsylvania Haitrond
ia 73 791
Pennrond Corporation.....
101 10
Phillips Petroleum"...
Continental Oil........
Noue
Fablis Bervios of Now Jersey
City Service Common
300, A
Badio Corporation.com
28 BO
Radio Keith Orpheum...
Curtis Wright Common .....
Reynolds Tobacco B
51 50
Eastman Kodak .............
**** 691 678
Sholl Union.
Standard Gas & Electrio Standard Oil of New Jersey
¡Bear Hoebuck
- 141 144 2014 201 Simmons Company. Southern California Edison ... 69 67
2014'99)
301
Standard Oil of Now York
Terse Corporation. Texas Gulf Balphur... Timkon Roller Boaring. Trans Ansorica '......._', •••*) Union Carbide & Carbon
[80]
58 58,
78 74-
Union Pacile Hallway....
·
2101-9105
Dalted Aircraft & Transport ... 581. 451
Unitest Gad & Imprarament.
United States Stool
Granby Consolidated.
International Cement International Nickel Montgomery Ward
Radio Coppe Badio, Keith Orpheum Seara Roebuck & Co Simmons Co
Stsedard Oil of Nav
Flectric, Bond and "Share DINING
General Motors
General Railway, Signal qiznin
Gold Dust
Goodyear Tire and Rubber
Latest Sales
Mackintosh........
Nanyang Tobzooo...
$11.60 Sincerosa: 411ģ
$11,90 Watsons
$2.85 Wm. Powells.........
B. Ind. G. Bonds... 61% H.K. Govt Loans....
MTELIŞIN
Hai Ning.
Himíts, Caylon, Indis, Mauritius, E. and 8. Aldea, Egypt and EUROPE VIL Marseilles-due Marsailles, 29th Ooh.
Patroci
G.P.O.
Reg
$108
prom. 8
Swatow
Talshing
LOCAL AND REGULAR OUTWARD MAILS.
WEEK DATA SUNDAYS & HOLIDAYS
Fox
Frox G.P.O,
BENUNGWẨM
From G.P.O.
Fax * SUROWA
| Bakom PO.
· ENAMOR : 20.
(7.10 am. & 7.80
7,00 patie
(715 MICA (7.30 KM, & 6:00 pm. 17.00 pm...! Bunday
·Haichiny,
Bunday
(5 pm, only | | | 7.00 pizz.
Lonly
Australia and Now Zealand vin lfanila and 1 Brisbane-dus Brisbane, 19th Oct::..)
Brisbane Mar
(7,15 1,30, &}`(7,30 am.")
226 pm.
11.00
1.15pm Bundays
8.15
1.30 p Bandays 8.50
Letters
Tuosday
Empress of Ada
8.80
only
only
Kongmoon (except Baturdays): 5:00 p.in,
Kauteng (eroept Saturdays).
6.00 p.m.
6.00 p
·6.00 pm.··
4.00 p
Fatuäan (By Train)
THEO
7.18 m.
7.15am
8,00 am
0,00
§ 1:00 am.'"&
Tai Po
2.00 pat
Shumebua
Chenrychow
10.00 am
13.00 pm
12.80 p.m. 44.00 pan. Saturdays
·1.00p.m. &{ [480p.m
-- 8,80 M,10,
·9,00
21.0a.m.
(11,00 {£400 p
8,80m
100 pin
11.00 pm
4.80 p.m.
Bapersarihed correspondence only.
P. O. Box 1, Hong Kong
is the Address. Write an Order for the Weekly Press to be sent you. for Three Months or Thirty Years.
the Annual Subscription 15 816,
Macao & Telnahán
Aberdeen
Stanley
Union Carbide and Carbon.
2.00
"Vanadium" :-*
Warner Bros. Pictures".
281
Westinghouse Er & M
United: Aircraft and Transport United States - Rubber
None.
-- Ekanngahul
"
None
Baikung...
United States Steal
Naditan, Shakki & Taiping
Woolworth
・(Buuẩn), »u