12
Money and Markets
NEW YORK STOCK HONG KONG SHARES.
EXCHANGE.
DECLINES. CONTINUE.
BENJAMIN & POTTS' WEEKLY REPORT.
Mesura Benjamin & Potts, local LOSSES OF BILLIONS: A DAY share and general brokers, in their weekly share report dated yester day, stato
[UNITED PRESS.]
New York, October 12-Most observers of the New York stock markel werd of the, opinion to-day that stocks will continue, during the coming week, the decliues which wore registered during the work just past. While there have been efforts to stir ap a spirit of greater optimism, observers feel that, nei- ther the atitude of investers nor the gondition of the country as a whole warmots great hope that the Rúrket will take a decided diree tion toward the better during the arst week.
|
A very quiet tune has provasted in our local market during the past week, and with the exception of continue in demand, there has been the more popular counters which an absence of buying orders. Trans actions have therefore been of a restricted senle, with only slight variation is prices.
Banks-Hong Kong, and Shang- ni Banks are quoted from London £100 (Middle), with sales effected locally at 81,590 no further buyers at this figure.
¿
here had transactions at $74 and 'Shipping. Douging Steamships 829, but the demand has been satisfied. Hong Kong, Canton and again Macao Steamboats have strengthened and were put through at the close at 8261,
"Shell Transports have receded to 81/ Waterboats are wanted at 8311, after sales at $32.
Marine and Fire Insurances. Unions were deult in at 9445/8148. Cantons can be placed at $1,050 and China Fires at 8400, Hong Kong Fires are wanted at $1,080 and probably a little. more would-be Continued employment prob-paid. Underwriters are sought for lens, over-production and stagna. at 82.76 after sales at this rate. tion in many linea of manufactured goods, and diffleülties in export to countries, which have shown rosent ment against the now United States tariff law are among the factors which are cited by those taking a pessimistic view of the situation. It is felt in many quartors that the trend is pronouncedly downward at the present time, and that this was proved by the sudden collapse of the stock market on Thursday, when the insolvency and suspension of the 5-year-old firm of Prince & Whitely became known.
•
Losses that day ran into billions, in stock valuations, and, though the market showed an impressive rally on Friday, it was after many new lows had been reached, and the downward tronil continued on Saturday.
Indicative of the trend was the fact that on Wednesday night the Dow Jones average for 30 indus trials stood at 200.56, after doclin ing 3.08 that day, while on Satur day at noon it was at 193.05; the Wednesday rail
Was at Avorge 119.70, while on Saturday it was 118.54; and the Dow Jones average for 20 utilities, which on Wodnes day stood at 73.03, was on Satur day at 09.48. This trend will, it was believed, continue for the next few days at least.
Most forecasters still adhere to the belief that fundamental. condi- tions are not unsound, but that a hard winter is in prospect, which is so universally reafimed than stock prices must be further reduced be. fore they will be at consistent levels.
QUOTATIONS.
New York, Oct. 13. Market woak. Business dono, 1,727,940 shares,
Oct. 10
* 29 311
1181110
Adami Expros3 100.
American & Foreign Fower
Wis
American Can. ..
American Rolling Mill...
Ameriosa Bmalting
Amariona Tol & Tel American Tobases B
Anaconda Copper
Atlantic Radining
Baltimore & Ohio
Bethlehem Stool
Borg Warner
Calamet & Hools
American Waterworks...
常
11
431 301 401 38 55 55
... 1991 195 1141 112
... 81 78
36) 301
89 80
25
78 731
10 101
Docks, Wharves and Godowns.- Kowloon Wharves after having ad- vanced to 8101, have slipped back to 8102. Whampoa Docks were put through at 831. China Providents Iwera dons at 85.20 and continua in request, while the New shares are enquired for at 82.40. There is no to report in Hongkow change Wharves and Shanghai Docks, which can be placed at Tla. 280 and Cls. 192, respectively.
HONG KONG DAILY PRESS, SATURDAY, OCTOBER 18, 1930.
ABOLITION OF, LIKIN IN | DAILY SHARE QUOTATIONS
POSTE
KWANGTUNG.
NED TILL NEW YEAR.
[FROM OUR OWN CORRESPONDENT.)
CANTON, Oct. 17.
Carew
*.
HONG KONG STOCK
*EXCHANGE..
The Provincial Government of Kwangtung is today in receipt of | 1,5171 an order from Nanking stating that the abolition of likin has been pos poned to January 1 of next year.
It will be remembered that the Central Authorities had long do cided to dispense with this form, of kaxation from October 20; but owing to the general unsettled conditions throughout the country, consequent up civil strife, it has been found impossible to carry out the decision on time. The local Government has
duce the excise tax on the first day. been instructed to get rendy to abolish the likin system and intro- | 81,080 | of next year.
EXCHANGE RATES. (BRITISH WIRELESS SERVICE]
RUGBY, October 10,
123.00).
Pariz.
New York oži Brussela Geneva Amsterdam Milan Borlin
4.85 31/32
$1,090
Belleza
لمBaten Morata
⠀⠀
2100
SHAREBROKERS ASSOCIATION.
Dasar Ballers Balsaminni
FRIDAY. 4 OCTOBER 17,
Backs
H.K. Banksyaria
Do, (London)}
2174 Chartered Banks
£20
`#111 · | Hánk of Raat Axia...
FOREIGN
MAIL'S
RADIO » NOTICE:
Individuals and Gime are recommended to register their tele- graphic address at the Radio Office. No charge is made for this.
-
Ooi 18th o 18th-OoL
INWARD MAILS.
$1,520
PMCI
Do1
***
£17
Mercantile Bis. "A"
Wh
£28
SHANGHAI
Do
***
£12
SOUBABATA
Shankung Lemaire...
18th
4
$115
USA, HONOLULU, Japan and Shand-, HAI (San Francisco, 19th Sept), and:
MANILA
EUROPE TO BIBERIA (London, suth Septeraber)
Pres. Fillmore
**1
Pras. Grant,
TIVO $420
JAPAN..
U.S.A., Honolulu, Jaran and ShaNG“ |
KAI (San Francisco, 26th September) Kukurs via Boaz (Letters and papers,
Aki Maru Pros, Lanosin
19th Oct. Muth. Ost ZULA
20th Oc
92nd Oct.
CANADA, U.S.&., HONOLULU, JAPAN and
DHANUKAI (VERCORTE, B.O., ad Oct.)
Emp of Canada...
$3rd Oct.
$28
JAYANAN
Mikembang
23rd Oct
***
AUSTRALIA and MANILA
Tanda
9th Nov.
343.
Bayu
$31
Insurances
Canton Insuraussé... $1,080
Undorwriters
$2.65
North China,....................
$100
$440.
Union Insurances...
M.850
Yangcare insurancais
3400
China Fires
kno
1:100
8415
·
· 8871 5274 $26
P
Sui
⠀⠀R⠀
$40
$32
*******
34.851
,--,�་་
25..
12.00
02.80).
20:43
Sockholm
18.09
Copenhagen
18.10
$241
Odo
18.16
Vienna
34.44)
Prague
103
Helsingfors
103.
Madrid Lisbon
50.40
103.25
$162
375
$5.20
818
$2.40
48 Nominal
38
38)
1/51
T.260
3/7
1/39/16
9/01 18/11/10
$11.30 $11.40|
$76 $77 $762 $75
314+
1.305
·98.30
Athena. Bucharest Ria .***** Buenos Aires Montevideio Bombay... Shanghai Hong Kong
Yokohama
Silver, spot & forward
THE WISE WEAR WOOL. POROSITY ROUTS RHEUMATISM.
www.
Lands, Hotels and Buildings---` Wool next to the skin, the slogan Hong Kong and Shanghai Hotels of our grandmothers, while scorned are ruling firm with buyers nt by some healthy young folk of to $11.30. The demand for Hong day, is warmly supported by many Kong Lands continues. The market members of the medical profession. The theory offered at a medical opened with sales of the Old-shares at 870h, but the price gradually im-conference in Poland that the pre- proved to 870 at which figuru a valence of rheumatism in England fair amount. of business was done. is due to the habit of wearing wool- The Rights" ware booked up to len underclothes, was contradicted $14. Hong Kong Realtys are solo by women doctors in England. able at 88.30. Humphreys Estates are steady at $10 at which rate small sales have taken place. Shanghai Lands are in request at Ts. 305.
"Nothing of the sort," said one, Woollen undergarments are better than either linen or cotton because they are more porous."
I know that some Another said: Kong
doctore preach against_wool, but the statement that the English are particularly susceptible to rheu matism because they wear woollen underclothes is ridiculous. The im portant thing is that clothes should be porous--and woollen garments are poroas."
Public Utilities.—Hong Electrics were negotiated at 878
China and have further buyers. Lights. (Old) are a shade higher at 825. Telephones (Partly Paid) were realised again at 8221. Hong Kong Trams were sold down to 817.65. Penk Trams (Old) can be placed at stal. Star Ferries continue on offer. at 883
Miscellaneous-Green Island Ce ments (Combined) are in demand
In a letter Dr. Thomas Ditton, of New Cavendish Street, W, ia equally emphatic. Referring to the suggestion that England has the
at 817.75. The Directors have degreatest cumber of cases of rheu- cided to abandon, for the time matism he asks: I wonder who being, the scheme for the reduction told them that I' and reorganisation of the Com- pany's capital. Hong Kong Ropes were dealt in at 810, and continue in requrat. Dairy Farms (Cum Rights) are quiet, but steady at $28.60. There are enquiries for Walcons at 811.70. Lane, Craw fords were bought at $3.90 and ture.
:::
{TI2,30)
1.82
取华
Sales
to
S'hai.
$17 $17.60 ...
$24.85 $241
3121 $19
(K)
H.K. Fires $1,080 81,A10]
Shipping
Douglases a
៖៖៖៖
Steamboats ama
Indos (prof.)Roman
Do. (dek.)... Shell Transport.... 13 Water-bouta
Mining
$8.70 Banquote..men
37/0
Langkits (comb.).....
Do, (single)...!
TI. Explorations..........
Shanghai Loans
Reube
Trough Minoa
+42
Knilkas ......
AFA
360
London, 26th Bopt, and parcala, 18sk || Macedonia Boptember)
Oct.
OUTWARD MAI19.
REGISTERED and PARCEL MAILS are closed 13 minutes. earlier than the time given below unless otherwise stated, and whore mails are advertised to close at or before û am. registared and parcel mails are closed at 5 p.m. on the previous day.
Foi
37/-
T14.40 $7.40
TO
$25
*Bhanghal
Shanghai and Japan ***
*Shanghai
Docks, Wharva,
Godowns, etc.
HK & K. Wharfa...
$161;
Providenta (old),
85.20
Do.
(NOW)...
$24
HK. Dock
$30
T.123
+
$32
Shanghai Dooks ...
17,80 Now Engineerings
Hongkows...............
Lands, Hotels, and
-Buildings
HK. & S. Hotels... $1130 11:40]
HK. Landa (old)... #70
Do. (now 975
Do. (right)}
Shanghai Lunds ....
H.K. Healtys.
$16
Humphreys
7
Chinese Estates
Cotton Mills
EwOSTAJAVIRTU
D'uni, Cottonsk T.ooong Dings
Met
Public Utilities
$.45
i
Tramways ..................... $17,00
1.::
ל
PED
1.80 FK
DATA and TIME
Baturday, 18th,
Hootor Karmala... Benalla
10,30 A
<
10.30
10.30 A
Seattle Mars Kanagawa Maru
Kwangiang
11,30 A
►
-3.30 P
Shinyo Maru...
Bog.
Lottery
4.35 PM
5,00
5.00
6.00 PM
Sunday, 19th,
Straits Best Africa via Mombases andų South Africa via Lourenco Marques,
Bad Calcutta...
Straits
Shogha, Japan, Hongfala. Canada,
California, Central and
toath
America and EUROPE via San Francisco-dne San Francisco, 19th Nov., and *BUROPE via Biberia Foochow via Swntow
Yusang Pres. Fillmore
Manila
Shanghai
Bangkok via Swatow
Bw.low, Amay and Formosa
Canada, California
C. and 8. Amerios, and "KUROPE via
San Francisco-dus San Francisco, 19th Nov, and *Europe via Siberis ...
Straits
Japan, Honolulu,
Kwangchase Lotan Mars
Bog. Luilters
9.00 A 9.00 AM
9,00 AN
Fumacus...
Monday, 20th,
2.00 PM
Parcele. 3.00
Pres. Grant
5.00 P1
T.12}
5.00 P
T62 Ti
Siberia Shanghailand *EUROPE *Manlin, Australia and New Zealand"
Pres. Grant
TIA
Lotturs Bag
6.00
6.00
w
$17.05
$13.65
via Thornlay Island-due Thursday Island, Brd November Australia and New Zealand via Menila)
and Thursday Island-due Thursday
Aki Mara
La 11st, 8,30 =
Changlo
Island, 1st November...
.
Da
Star Yerries
201 $824
tur,2013, 5.00 PM Box 21st,9,45 4.1 Letters 10,30
Fooday,
AM
$25
$25
Do
(now)......$24.35
Java via Batavia
Tiledout
$7811, 60
$23
H.K.
Electrica .............] $781
$781/60
Alacao do.
#111
Sandakan Lights ...
$35
Telephones (fully p.)
T.18
China Bused
Dộ, (part pd.
$221
Swatow, Amoy and Fooobow Japan, Canada, U.S.A., Contral sod South America and "EUROPE via Victoria B.0-dos Victoria, BC, 11th November
Hai Ning.
Beg.
Hiyo Maru
... Ulaltera
**
B/-
Tructions
09
19/.
Shanghai, and EUROPE in Siberia. Manila *** Swatow
Etye Maru
$13.60 Peak Trama (old)... (now)...
Lights (old)..............] $24.80)
$5.20
101 $10.00
$0.90
Ropes
201
He adds: Acoording to tests made two years ago by the British Research Association for the Wool- len and Worsted Industries and never since challenged wool is equalled only by viscose artificial silk for its power to absorb mois- $1410 8241
831 After these come nitro arti-
83.05. Hong Kong Government fcial silk, linen, natural silk, cotton Loan can be placed at 74 per cent. and acetate artificial silk in that premium, with none offering below
order.
per cent.
Mills.--Ewue advanced Cotton further during the week and were booked at. Tia. 12.70, but closed 127 121 caster with buyers at Tia. 12.10. 791Math. Shanghai Cottons have receded to
18 17
Canadian Pacific Raliway
171 171
J.
I. Caso...
Chicago Bock blind
Chrysler.
"Wool, morcover, transmits the sun's ultra-violet rays, and I may claim to be one of the first who pointed out (in 1908) the value of theso rays in treating rheumatism."
124
Do
Der A. Wings.....
$10
ឆ
Lane Crawfords
$19
Nanyang Tobacco...
$11,70
Watsons
$2.85 Wro, Powells
64%
AM
Amoy
Pros. Lincoln,
tlong ang
Taiyuan...
124
1 Begi
lot, ⠀ 10.00 A M /3.00 M
418 5.00
5.00 PM.
Letters
6.00 M
4.80 M
6.00 = 13
Wednesday, 22nd,
3,807
Thursday,
23rd.
$2,70
Sandakan
Himany Emp. of Canada...
10.80.42
8.30
Manila
Haishing....
સાંખ
Swatow, Amoy and Fosobow
$29
Jer
Straita, Ceylon, India, Mauritius, East】
and South Africa, Adon, Egypt and EUROPE via karneïlles-ăno Mar. sallics, 22nd November
Khyber,..
#201
$28
Amor i..
Ho Sang
P
*3.85
Calgutta vis Strmite
Nasi Sang
+
814.70
Salgon, Ceylon, India,
Mauritius į
Fast and South Africs, Aden, "Egypt Porthos... and EUROPE via Marseilles "dne Marcelles, 28th November
Blog.
371 851 05 68
.... 35 234
17
Exchange. The T.T. rate on Lon- don is 1/39-10 and on Shanghai
Forward
50 Settlement Days-Octo ber 28, November 23 and December
27 201
Bears Roebuck....
Telegraphio Transfer... 1/3 0/16 Bank Bilis, on demand 1/3 0/16 Bank Bille, 4 months'
1/3 11/16
'4.montium': sight Documents, 4 months'
night ON PARTS:
Bank Bills, on demand 802) Orodits, 4 months' sight 84:4.
ON NEW YORK:-/ q
Bank Bills, on demand Jij Credits, 30 daye' sight. 32) ON BONDAY:
Telegraphic Transfer Bank, on demand....
} 871
Telegraphie Transfer 87 Bank, on demand ...
Do. (prof.)......
Industrials
T.10 Caldbeck, Lord.) Tiu4u Macgregors pref) Canton ice
Caments (comb.)... 817.70
Do
(old)...
Do. (LOW). ***
----འ་་-----་
China Sugars
Malabon Sugars ....
United Asbestos ****
Miscellaneous
$26.60 Dairy Farmis, oam.. $25)
Do, ax rights
rights $8
Amusemente stu
***
Chin. Entertainm'ta, 310
$2.60 Constructions ...... $2.30
Mackintoahs****
$11,60 Sinceros name, $119 an $119
B. Ind. G. Bonds...
H.K. Govt Loans, 8107)
¡LOCAL AND BEGULAR OUTWARD MAILSA.
| Macho.& Taushan
Kongmoon (except Saturdays)
Hankony (except Enturdays) | Fatakan (By Train)
WEEK DAYS, BUNDAYS & HOLIDAYS
8.15 min. 8.30 L
Straits, Coylon. Tedis, Mauritius. E, and
B. Africa, Egypt and EUROPE via dutenor Marseilles-due Marseilles, 26th Nor.
*Buperscribed correspondenam only.
Friday, 24th,
1.00 M Kowloon P.O. Faroels 4.80 PX Beg 25th,9,00 4 M Letters 10.00 AM G.P.O.
Par, 24th, 6.00 P Beg. 25th 8.45
A Letter 10,80 ▲
Monday, 27th,
6,00 at
Faceday, 28th.
Noon
Parcels Letters 1.00
Kowloon P.Ü.
1.00
Emitory '1.00.
GPON
Letters 2,80 T
Beg
Hawksom P..
4,80 Letters 4,30 M
G.P.O.
Beg. 6.00 x Letters 600
Cities Service Common.... Columbia Gas & Elootrio Columbia Graphsphono Commonwealth & Southern .. Commonwealth & 8. Wart. ... Consolidated Gas of N. T. Cantinental Oil... Curtian Wright, Common Du Pont de Nemours ... Eastman Kodak...
"Electrie Bond & Share...
Erie Exilway... TH Fokker Aeroplane For Film A**...
General Electric.
General Foods ..
General Motors...
16
19 244 241
471
47
Tls. 82.
Rubbers. The price of the raw material is slightly easier and the 10 101, spot quotations is 3id. per lb.
I
21 21
DU 03... 18 18
...10499
105 189
Anglo-Javos....... Angin-Dutch
Buyers!
Tla. 4.23 masion.
Batu Anama veikumu
Chemora.........................
EXCHANGE.
CLOSING QUOTATIONS,
1.73
ON LONDON:-
0.20
0.80
Consolidateds
.1.40
Kroewocks............
1.00
sight
871 851
Rapahsistiores
0,50
Credits,
Tanah Meraha ...........
0.70
541
511
Tebongs........................
1.10
3.78
584 65% 851 30 Unq.
Oc ober 17, 1980.
1/41
Cantop
FOR
Fox. G.P.O
FROM SHKUNGWAN BRANCH P.0.
G.P.O,
FROM * SISUNGWA
BRANCH
57.15 mm. A† 750 a.m. $0.00 1.10.
17.00 P
(7.16 2.30. 5.00 puzzle
Sundays
5 p.m. only
only
(7.30 am. d)
(7.30 àm, &
(7,35 mmrå]";:7:20 minu (1.15 p.
1.16
1.00 pm.
11,80p.
Bandays
Bandawa
!
only
Lonly
6:00p.m.
5.00 p
6.00 pm
6.00 p.m.
1.00 p
6:00p.m.
7.15 A
7.10.
9.00
General Railway Bignal
Gold Durt
Goodrich Bubber
MI
...17
Goodyear Miro & Rubber
Granby ...
***
Horshey Chocolates
International Coment...
141 142 "B$ 83
651 59 23.
International Combustan Eng.
International Harvester
1...
bai oli
Labornational Nokal
1816
Reynolds Tobacco "B".
404
International Tal & Tol
ON CALCUTTA
Johns Manville...
70 69
Shell Union
101 101
Kennecott Copper
Krongor & Tof...
29 271 281. 201
Bimmons Company.
17 27
Southern California Edison
51 50
ON SHANGHAI:-
Tla, 80)
Tal O
Kroger Grocery.... Liggett & Myers"B"
20 251
Standard Gas & Electric
8078
Bank, at sight
494 die
03.00
Standard Oil of New Jersey.
Looks Inc.
68 59
871-301 | ON YOKOHAMA :— 2727
On demands
Ladium Stool
16 10
Texas Corporation
Montgomery Ward
233. 20
Taxas Gul! Sulphur
Novada Consolidated Copper
101 101
Timken Baller Bearing
OK SINGAPODI—:
New York Central
148 140
4||
Trans Amariesh........
...
Psalin Lighting
Packard Motor Car
Phillips Petroleum
Paramount Publix Corporation.40
Privania Railroad
Panarendr£erporativas
Public Service of New Jersey
Radio Corporation
Radio Kafth Orphanm..
(Continued as foot of next column,)
03. '60 10
48) 63-67
Union Carbide & Carbon
101
Union Papide Railway...
85 881
59
18. 18
1101 113
03 02
Standard Oil of New York ....
..... 6$158 50 638
**** 181 181
1412 ** 208 200 United Aircraft & Transport... 0871 United Gas & Improvement p 81 31 Used Staiter Rubber
Valted States B1948 Vanadium
Warm Bros. Picturos
Westinghouse E. &
Woolworth
ww
ON MANILA-On demand... 63)
551 On demand e ON BATAVIA:-On demand.. 78 ON HAIRDOND
On demand. 804 OX BAIDON --On demand...
lindem 1 BOVEREIGNS, Bank's Buying
•Reto....... BAR SILVER, PET OL
16 11/18
Autan, Pingshan, Bantiny
heungahal Balkung... Namtan, Bhokki á Triping
(Funda)
634
Tel Po
Bkumebun
Cheungokow
Aberfoon
9.00
8.00 p 9.00
8.00 publ
(*12.50 p.m.:
& 4.30
Saturdays
1,00pm
4.80 p.m. 8,00
$9.00 9.00 AIR
́110 mm.
(11.00
·{&£30 pm.
B30 am
1:00 pm
P.O.
17.30 m3, &
7.00 p Bundays
7.00 pin.,
FACTS AND FIGURES
For the Busy Business-Man interested in Hong Kong and South China. The Hongkong Weekly
Press end China: Overland Trade Report (Price 30 cents) will be mailed for a year to any place in the world for $16. Send for specimen copy
Hongkong WEEKLY PRESS "
ICE HOUSE STREET,
100 p
4.00
2.30
7,00 po