1930-09-27

LITERATURE AND FINANCE.

LESS PAY AND MORE WORK.

Sir Arthur. Pinero's admission

that he received only £5 for his

first play, and E30 from Irving for

HONG KONG DAILY PRESS. SATURDAY, SEPTEMBER 27, 1930.

Money and Markets

NEW YORK STOCK HONG KONG SHARES.

EXCHANGE.

his third, Two Hundred Pounds ALL-ROUND IMPROVEMENT.

a Yent, emphasis again the

truth of a "tainous writer's remark. that in no profession does the rate of pay bear so mail a relation to the quality or the amount of work done as in that of authorship.

The Enancial side of literaturo` is a fascinating study, and deals, on the one hand, with figures that would look respectable on the stock exchange, and on the other, with suma senreely big enough to buy a stall at a London theatre,

Show's Early Novels, Oddly enough, the most striking modern example of the indifferent rowards that literary effort some- times brings is provided by G. Bernard Shaw, who in the last 40 years has probably earned more money by his pen than any other writer of comparable fame. Be tween his twentieth and his twenty ninth years Mr. Shaw wrote five, novels and was paid in all £0.

也

INFLUENCE OF GERMAN REPORTS.

[UNITED PUERS.]

BENJAMIN & POTTS'

- WEEKLY REPORT,

Messrs. Benjamin & Potts, local share and general brokers, in their weekly share report dated yesterday slate:-

The local market during the period under review has been

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE.

SHAREBROKERS" ASSOCIATION..

Beller Baire Homina!

FRIDAY.. SEPT. 28.

Bayer Ballers

Banka

61,610 | 1,017) 81,010).

$110

!!!!!

H.K. Banks

Do. (London) .... Chartered Banks 586 Mercantile Bks. "A"

$1,050

$1.05 Ba T.160

-1,065, 70

$400

$25

New York, September 20.-Im-rather quieter, there being some provement on the whole marked the shrinkage in dealings and this wAK Saturday market on the New York attributed to the near approach of Exchange, according to the daily the September Settlement, which is 81,000 review of the Dow Jones Financial a fairly heavy one, but there are no signs of weakness in the market News Agency.

the position, with only Early in the day, prices recaded, and many new lows being recorded as inoderate cominitments ahead, looks a result of this movement after sound one, Rates, however, on yesterday morning's bear market, the whole have not shown much Thereafter, however, a definite and fluctuation. substantial rally took place, with steel as the leader. Steel receded from its high point for the day be fore the lose of the market for the week end, the entire market again following, leaving stoel making the best showing.

Banka-Hong Kong and Shang. hai Banks show no materia! change and were realise again at $1,510 to 81,520, closing with buyers at the former rate. The latest London quotation to hand is £106 (middle).

Marine and Fire Insurances.~~

1,30

HOM

DIARY

The improvement in to-day' Cantons continue to soar and are

now in request at $1,000. Honge The novela contributed nothing market was ascribed to n.saner at to this sum, which was made up by titude toward rumours of Geraman Kong Fires have likewise strength-14 25 for one article, 158. for another, affairs. article published by George.

US. Steel closed at 1638, markened and a strong demand for the $1,100. China Fires are enquired Sims, and bs. for a verso for ing a slight net rise after rester shares bas raised the price to Underwriters hayo.: school prize book. Another day's sharp decline, and Bethlehem for at 8400 aspect of this matter is pro- Steel at 003, also a slight gain on sellers at $270.

Steamships Shipping Douglas vided by Noel Coward's revue, yesterday. U.S. Rubber held its.

This Year of Grace," which ran own at 18. Westinghouse was down can be placed at 8231. Hong Kong, $3.05 5.16

Fraction to 1421, and Eastman Canton and Macao Steamboats have for upward of nine months London, and for a long time in Kodak down 11 to 9071. America had transaction at the improved New York, and i said to have, Can showed a slight gain to 123 quotation of 80.

Industrials in general showed made a profit of £100 a week.

Unprofitable Poetry.

few spectacular changes. General Motors. Chrysler and Packard all rose slightly, as well as General Electrio.

Verse is a notoriously difficult thing to make a profit out of, and

Among the rails, Canadian Pacifle Browning's throat to leave the was off to 195. New York Central country when he was taxed on a off to 1813. Union Pacific held its purely imaginary income from his own at 2101 and Pennsylvania 'was books is well-known, yet it has roup 1/8 to 72. cently been revealed that in American Tel. and Tel, made up year since the armistice has the part of its yesterday's drop, closing Bale of Rupert Brookes' poems ro at 2111. International Tel, and Tel. alized less than £4000.

was down 1/8 to 401. Columbia Gas remained at 621, Consolidated Gas of New York was up 1 to 103, Standard Gas and Electric was off 1 to 978. . . . .

Capricioualy as the rewards of literaturo are distributed, however, those of music are almost as irra tonal. Thus Mozart received only, £75 for "Don Juan," whilst the

Cali money remained at 2 per sums paid to singer, reach almost cent. Sales for the day totalled 832, fabulous figures. The Italian Fari-, 420 shares.

avili obtained 50,000 francs a year from, Philip V of Spain for sing- ing the same four songs nightly for 10 years, which works out at considerably more than a pound a song. But even this is easily eclipsed by more modern figures, for Adelina Patti received £1200 n night for two season, of 60 nights Bang ench and when Chatiapin. Boris Godounoy at the Albert Hall comparatively recently his fee was Announced a £10 a performance.

EXCHANGE RATES.

(BRITIRO WIRELESS DERVICE.]*

Paris New York

Brussels

Geneva....

Amsterdam

RUGBY, Sept. 25.

123.79

QUOTATIONS.

Market steady.

Sopt. 19 Adams ExpresA ...

*** 20 23 ... 123 1231 07 071 American & Foreign Power... American Can....

40451 American Rolling Mill...

041 00 American Emelting. American Tol, &.Toi. American Tobacco "B" (now) American Waterworks... Anaconda Copper AMantio Redning

210 2111

120

44). 45

Baltimore & Ohio

Bethlehem Steal-

"Shell" Trans-

ports have receded to 88/3. Water- boats are stationary at $32.

China Providents'

$160

$12.60

$35

1.280

Docks, Wharves and Godown. -**** Kowloon Wharves have further re coded to $100. have fluctuated between $6.10 and $11.10 $5.25 while the New shares are wanted at 82) Whampoa Docks are offering at $35. There are buyers of Hongkew Wharves at Tie. 250 and Shanghai Docks at The

114.

Lands, Hotels and Buildings.~-- Hong Kong and Shanghai Hotels nany buyers. have eased off, to 811.10 at which figure there are Hong Kong Lands were booked at 877 and 878 cum Rights, while the Rights fetched 813. Realtys were put through. at $8.60. Humphreys Estates are still on offer at $18. Shanghai Lands have buyers at Tls.

305.

Public Utilities-Hong Kong Electries have hardened a bit and Now York, Bapt. 23,

were negotiated at $781 to 879. Business done,,839,420 shares.

China Lights (Old) were dealt in to a fair extent at $25 and 825.15 but finished up with buyers, at $25.25. Hong Kong Trama have

Telephones $22.10 receded to $18.10. (partly paid) were negotiated at $22 and 8221. Peak Trams (Old) at $13.00 and the New shares at $8.60 are saleable at quotations. "Star" Ferries are on offer at} 001. 10883--

Miscellaneous.Green Island Co- 60 64 2717ments, (Combined) were sold down 1212 to 817.60, but have ralled a bit and .. 185 185

were placed at 817.70. Hong Kong Ropes were dealt in to a moderate 27 201

extent at $11, but the, market has 02 sincs weakened and shares are ob 144Mattainable at $10.90 Dairy Farms 131 131 changed hands in fair quantities at 091820.00 and 8931, closing with fur .... 106 109

Borg Warner

Calumet & Hals

Canadian Pacific Railway

Chicago Rock Island... Chrysler ...

Cities Service Common Columbis Gas & Electric Columbia Graphaphone Commonwealth & Banthern Commonwealth & B. Warr. Consolidated Qua of N. Y. Continental Oil...

ther enquiries at the former quota

18 18tion. The ex Rights are quoted

!!!!

#24) nominal and the Rights have $26 328,70 changed hands at 881.

ni Da.

Bank of East Asia...

Insurances

North Chinas.....

Canton Insuranoo $1,050 Underwriters

$450 Union Insurano.... $445 M.450 Yangtero Insuranoss

China Fires

HK Fires in $1,000,

Shipping

Douglases.

| (400)

|$1,515

FOREIGN MAILS

On and aftor Wodacaday, 1st October, the entrance to the Purabis Dellvory. Sootion of the General Post Odico will be in Des Voeux Road opsoilta Mars Whitoarray Laidlaw's Store.

Parools for posting at the General Post Offins should still be handed in, ́an at prosent, over the counter in the Pablis Hall,'

*RADIO NOTICE:

Individuals and firms are recommended to register their tela. graphio address at the Audio Office. No charge is made for this.

"INWARD MAILS,

DUN

kkum

||,10.85/.|70

JAPAN.

$2.80. PAR

****

duronal and Euzor

via SIBERIA

T160

(London, 8th Sept) and Amor

Chicago Maru

Tjibadak...

27th Sept

28th Bupt

$445

SHANGHAI and SWATOW

Liangskor

$60

MANILA

kap, of Japan::

MANILA

Pros, Taft

Calcutta and Stalite

Tilaka

HAIGON

VAYA HI

JAPAN and BHANGHAI

3291

SHANGHAI,

200 kept Bob Bopt *9th 30th Sept.

Bang

But 30th sepa 80th Sept

Sota Bapt.

Steamboats

$25+

Orewar

3.th Nopt

$40

Indos (prol)

1st: Oat

$43

BATAVIL

$35.

Do. (def.)

68/9

Shell Transports ... 85/3

B710

·BATAVIA

BATAVIA

***

Water-boute

$31

DHANQUAI

Tisondari Ganima

·lat : Get. lat Oct.

JAPANE

Buenos Aires Maru

2nd'

Mining

U.S.A., HONOLULU, JAPAM and SRAMHAL

(San Francisco, 6th September

Pres Johnson se

4th Oct.

Benquete.

JAKANI

Brisbane Mara

8th. Oot

·35/-

Kailansinin

25/6 57/0

AUSTRALI- and Manica

Nellore

5th Oct,

Langkate (comb.) ...

TIL.40

LONDON Farcel (28th Aug.) an 1 STRAITS Toircetas „

6th Oct.

-Do. (single)

$7.40

Explorations.......

-T.I

Oanava, U.8.A, Japan and Smanomatį į

(Vancouver, BC, 18th Sept) ........'

Empress of Aria...

6th Dok

Shanghai Loans

1.8.A; HonoluZy, watas and SHANG-|-|-

Raubs | #243

8244

8th Oct.

Tronoh Mines.*............

148

THE

Docks, WharveR,

Godowns, ato.

HK & K Wharfa... Providents (old)

Do.

H.K: Dooks

(HAW)

7.114 Shanghai Docks... 77,30 New Engineerings

Hongkowe ........ Lands, Hotels, and Buildings HK&B, Hotela

--- $11.03 HLK. Lands, cum, t.]

ex rights 876 rights 13

Doy

Tractions samentre

INGEN:

$3.15

$37

· 379

1198

$8.60 $8.00

$2.75

$169

$1548-

Cementa (comb.)... $17.85 $17,80 17.70/80

$1.10 China Bugare.....................

*****

HAI (San Francisco, 19th September) Pres, Jefferson

"OUTWARD MAILS,

REGISTERED and FABOEL MAILS are closed-15 minutes earlier than the time given below unless otherwise stated, and where mails aro advertised to close at or bafore û a.m. registered. and parcol mails are closed at 6 p.m on the previous day.

For:

Pea

DATA nid TIME

11/10

$781-878 $751 $IDI $13 $131 $13 T.sos

Ba.70 $8.60 $16

Shanghai Lands

H.K. Healtys

Humphreys

$97

Chinesa KatatUS

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