1930-02-08 — Page 11

Money and Markets

THE HONG KONG DAILY PRESS, SATURDAY, FEBRUARY 8, - 1930.

HONG KONG AND

SHANGHAI BANK.

ANNUAL REPORT.

THE METAL MARKET. HONG KONG SHARES. Board of Directors of the Hong

LONDON REPORT.

Messrs. Rudolf Wolf and Kew, Lid., send us the following report from their London house, dated January 17-

Markets have been quiet but rather easier conditions have pre-

weiled generally and prices are all slightly lower as compared with a week ago,

BENJAMIN & POTTS' WEEKLY REPORT:

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

|

DAILY SHARE QUOTATIONS.

The following is the report of the Kong and Shanghai Banking Cor poration, to be submitted at the ordinary yearly general meeting of shareholders, to be held at the $1,335 City Hall on Saturday, February 29, 2114

at 11.30 a.m. 2---

The Directors have now to submit

to you a general statement of the affairs of the Bank, and balance 98 sheet for the year ending December 31, 1929.

The net profits for the year, to- Since the resumption of basiness

gether with $3,397,812.80, balance after the Chinese New Year holi-brought forward from last account, days, a distinctly brighter tone has after paying all charges, deducting developed in the local share market; interest paid and due, and making dealings have been on

coumta and contingencies, amount to generous scale, and prices for both provision for bad and doubtful se investment and speculative stocks

$17,546,022.46. have further advanced.

ณ more

Banks-Hong Kong and Shang- hai Banks in sympathy with the continued fall in sterling exchange have recovered to a buying quote tion of $1,340 after sales at this rate. London advises that there are buyers at £114.

Tin has been comparatively steady but on the whole easier conditions have obtained and the price has de- clined £2.10 as compared with our last report. 'Sales in the East dur- ing the week have amounted to 1,573 tons; shipments thence up to the 13th instant were 3,762 tons, and for the month are still estimated at 9,000 to 9,500 tons. Premiums op Straits and Banka Tia are quoted at £1.10 and £8 (nom.) respectively. Marine and Fire Insurances. Business with consumers in this Unions were done at $379 to $380. country has been only moderate, Cantons were realised at $720. whilst on the Continent demand has China Fires continue in request at slackened again ad less activity is 2340. Hong Kong Fires have ap- reported from America, consumers preciated to 8835. Underwriters are being content to satisfy their recaquired for at 81.70. quirements from hand to mouth in view of the uncertainties which surround the immediate outlook. Reports have been current to the effect that more producers in the F..S., including Chinese interests, have come into line and are adopt ing a policy of restriction, whilst the market has in addition received a certain measure of support, but these influences have so far been în- sufficient to sustain prices, the whole situation with regard to regulation of output being too indefinite, and values have receded consequent on poor demand and accumulated stocks. There is little doubt that definite curtailment of production

Shipping Shell Transports are Dougins the turn higher at 90/10. Steamships are on offer at 8:54 and Steamboats at 827.

The Directors have transferred $5,000,000 at 2/-£800,000 from the silver reserve to the sterling re- serve. They recommend the trans- fer of $500,000 from the profit and loss account to the silver reserves Including these transfert the ro serve funds will stands as follows:

Sterling reserve....£6,500,000

Silver reserve.......$9,800,000 They also recommend writing off Bank Premises account the sum of $750,000.

After making these transfers, deducting the interim dividend of £3 per share, paid on August 6 last, viz. -£480,000 at 1/11- 4,981,621.62, and remuneration to Directors, there remains for appro- Docks, Wharves and Godowns. Priation 811,204,400.84, out of which the Directors recommend the pay- Kowloon Wharves have ruled firm meat of a final dividend of £3 per and transactions were made up to share, viz, £460,000 and a bonus of 8151. Whampoa. Docks have also £1 per share, viz., £180,000, amount- strengthen and can be placed at $32. ing in all to £640,000 which, at 1/7h, China Providents were bid up to the rate of the day, will absorb 852 but ended with sellers Now $7,878,093.08. The balance 83,387,- Engineerings were marked higher 477.76 to be carried to new profit at Tls 7.60. Bongkow Wharves are and loss account, The sterling sought for Tla 190 Shanghai equivalents of the assets And Docks are on offer at Tls. 123). liabilities are shown at 1/7), the Lands, Hotels and Buildings-rate ruling on the last day of the Hong Kong and Shanghai Hotels i necessary if the present balance were negotiated at $12.75 to $12.80 A sub-agency of the Bank was of supply and demand is to be re- and more are wanted at the former opened at Muar, Johore," Malay gulated and until there is real in- dication of definite agreement hav-rate. Hong Kong Lands have.nd States, on January 1, 1930. ing been reached by the majority vanced to 8861 buyers. Humphreya of producers, both in the FM.SEstates changed bands at $14. and elsewhere, prices may continue Realtys are firmer with sales reported to fall away until such time as the ed at 38. Shanghai Lands at Tis. position normally adjusts, itself, by: the suspension of unremunerative properties, or by a substantial re- vivl 'in consumption.

Options:-Double £14, Single £7. Opening. Closing.

Cash

185 have not 'moved.

year.

Directors.

Mr. J. A. Plummer has been elect-

HONG KONG STOCK -

EXCHANGE.

$1.70 $1.85

150.

$340 $835

11##1!

11

FOREIGN

MAILS.

SHAREBROKERS* ASSOCIATION.

RADIO NOTICES

Bellars

FRIDAY, Baleal FEBRUARY 7.

Buyers Boilers Baler Nominal

:

Banks...

$1,830

FL.K. Banks

$1,335

***

Do. (London) £16 Chartered Banks....

The Radio Ofice, where full information concerning all wirelsan nervioon may be obtained' at all times, is situated on the ground Boor of the P. & 1). Building in Des Vœur Road, next to the General Post Office,

"

Individuala and Ärma am recommended to register their telegraphia md-, -drváros at the-Radio Oños. No charge is made for this.

Mercantile Bks. “A”

£344

"Do.

£15

Bank of East Asia... | SFɛ]

INWARD. MAILS.

Ingurances

$780

Canton Ins........

$715

KON

Pu

Underwriter

$1.70

North China

T160

$378

Union Ins.....an

$377

MAKILA

Oldekerk

8th Feb,

3.800 Yangtaze Ins..........................

$60

China Firesto

8310

U.S.4. (San Francisco, 1 th January)

BOROTULU, Japan à ́Shazoka

Pres. Harrison-

Sth Feb

H.K. Firea

$825

bot

SHINOVA: & Swarow

Sunning

Bih Feb.

SHANGHA!

Coblens

1 Feb

BIZ & STRA JE

Sencar

9t: Feb,

MAXIL

Pren. Grant

9th Feb.

Shirala

10th Feb

Luxor via NEGARAVA

(Papers on y

London, 9th January)

Butzing

-1 th Feb

U.S.A. (Sm Francisco, 17th January},

HONOLULU, JAPAN & SuazoHai

AUSTRÁLJA & Manila.

JAPAN & SHANDS A

Evrope via SUKI (Letters de papers, Lon-)

don, 16th Jan,, & parcela, 9th Jan, [7.H.A. (Seattle, 25th January), Jarani

SHANGRA

SHANGHAI

U.NA. (San Francisco, $2nd January},"

Honolulu, Jiran & Bluäxobai JAPAN & SHANGHAI

JAPAK

J

Proa. Lincoln Alipore

10th Feb.

*11th Feb.

Changte

11th Feb

Gani, Maringer

11th Feb

Kolyan

14th Feb

Pria Oleveland

14th Feb.

Dar malo....

14th b

Taiyo Mary

17th Feb

Kilano Mar Hawaii Maru

gi-t Feb.

14th Feb

Shipping

Douglasca......€24

Steamboatssvarten

Indos (pret.).......

3251

827

$43

$70

Do. (def.)...***

96/10 Shell Transporta

03/B

$23}

Water-boats

Mining

Benquets.

54/- Kailans

T13.60 Langkats (comb.) ........ T.7) Da (single) ***

T1.30 Explorations...

T.5

$13

21/-

$150

$33

$151

140

17.60 T.198

404

$16.85 $17

T.80

Chairman for the year 1930, and $1270 Mr. C. G. S. Mackie has been clect. ed Deputy Chairman.

Shanghai Loans

Raubs.....

Tronoh Mines

Docks, Wharves,

Godowns, etc

H.K. & K. Wharfa.... Providents............

·H.K. Docka **** Shanghai Docks | New Engineering Hongkows

Cotton Mills

$14

20/-

$5.50

#1!!!!!

5!

1889

+

$150

***

$30 T.190 T.71

%%

317

Ewo

T16.80

T.17

7.79

S'hai. Cton (old)...

Do. (new)

ee

T.10 Zoong Singa ......

T.83 T.55 T.0

8121

368

$8.65

814

198

Lands, Hotels and }"

·Buildings

H.K. & S. Hotels...$13.60 519:60 $12.75 H.K. Lande

T.195 Shanghai Lands...

H.K. Healtys... $81.

Chinese Estates

During the year Mr. Neilage S. Public Utilities.-Hong Kong Electrics have been the medium of a Brown, Mr. T. G. Weall and Mr. fair turnover at 872 to $72. Hong C. G. S. Mackic resigned their seats Kong Trans were dealt in large on leaving the Colony and Mr. J. Star P. Warren, Mr. T. H. R. Shaw, quantities up to 819.40. Ferries at 973 have not moved. Mr. M. T. Johnson and. Mr. T. E. 319.35 8194 19.35/40 China Lights continue in demand Pearce were invited to join the nt 823 cum Rights. The fully paid Board. Mr. M. T. Johnson resign

ed his sent on the return to the shares have buyers at 213.70 and the 815 nominal. Telephones are en- new shares (81 paid up) are quoted Colony of Mr. C. G. B. Mackie who $19.70

was invited to rejoin the Board. quired for at 89.63 and Sandakan These appointments require con- Lights at 831

Armation at this meeting,

Miscellaneous.-A fair amount of

£173:15 £174.5.0. (nom.) Three months £179.00 £177,7.0

Turnover for the week 3,575 tona. Copper has been irregular. After Some firmness earlier in the week, when up to £re was paid for Cash and £69.10 for three months, values business was done in Green Island have reacted and the price shows Cements (Combined) at the improved

decline of 7/6d. for cash and 1.2.6 for three months as compar- Frice of 815.70, but the market has since eased off to $15.40 buyers: ed with our last report. The poni- tion has weakened under, the in Hong Kong Ropes were placed at fluence of the unfavourable Ameri-7 Dairy Farms were put through can figures, of which we append at $23 and 823.10. Watsons show a further improvement with sales

Mr.. WL Pattenden, Mr. A. H. Compton and Mr. B. D. F. Beith retire in rotation, but being eligible cordingly. The Directors very much for re-election, offer themselves sc-

regret to have to record the death

har

last February of their colleague Mr.

Auditors.

***

$724 *8x3 83

T.161

89.65

10/

19/6

...

+

The accounts have been audited

AMERICAN MARKETS.

Tramways case 819.35| 819.45| $19.45

10

ΔΙΟΥ

STELITE

OUTWARD MAILS,

-REGISTERED and PARCEL MAILS are closed 15 minutes

darlier than the time giván below ‘unlem otherwise stated, and where maila are advertised to close at or before ą m.in. registered and parcel mails are closed at 5 pin. on the previous day.

-Humphreya

***$14.35

Public Utilities

For

Fra

Date & Truck

B'rita, Caylon, India, Mauritius, E. & S.;

Africa, Adon, Egypt & Europe vis Murales dre Marsailles, 9th March

Hakusan Maru

1'log.

Saturday, 8th,

0.1.0.

8.45 C

[Letters 23) A

--

Formorn...

Japan

T

Straits and Calcutta

Olderkerk Colebes Mars

Taimo....

9.00 &

Par. ... Le tors

Noon

Maule

Pree. Harrison

aeg.

Shanghai, Dalay & "EUROPE via Siberia, Liangchowe

$11

Peak Trama (old)... $11

$6.00

Dr. (new).

$73

Star Ferries.........

"

873

Swatow, Amoy & Formans.

C. Light (old)...... $19,55

19.80, 90

Bangkok ris SG OW

815

Do. (new)......

314.80

De. (comb). 821

#72}

HK. Electrica ......

$721

372)

3wataw....

Macao do.

Straita

Sandakan Lights

Telephones

$9.6)

Japan, Honolula, *UBA., *Osande, U. &. *S. America, & EUHOPE is San Fran

Bellerophon

Fres. Grani

Pres. Grant Antung..

Hozan Maris Awangchow

Hydrangea

10,30 AM

1.00 Fi

5.00

5.00

tess8.00 ..... Santay,

9th,

9.00 AM

Monday, 10th,

2:30 PM 7.30 J

4.16

Parcele 3,00 ri Logos

eltora

0,00

leg. 5.00 P

་་་

...Letters 6.00

•

6,007 M

Tuse lay, 11th, Kowicon:P.O. Begi 1,00 FM Letters

10J P = Q.P.O.

::

T11

T.11

$15.60

7.36

some particulars, showing a very heavy increase in the stocks, both reported at $12, Lane Crawfords by Mr. C. Bernard Brown, A.CA

were realised again at $3.10 but thend Mr. John Fleming, C.A., who $15.50 of Refined and Blister. The near

be supported demand has since slackened. Raub offer themselves for re-election. position continues and the backwardation has been have buyers at $14. Benguets can maintained, but apart from the be placed at 351. weaker position disclosed by the statistics, the market shows little "material change. Demand on the part of consumers is by no means good and in view of the compara- tively high price of Electrolytic and

Cotton Mill-Ewos bave been the market at all rates taken from his 16 to Tis. 17 closing with Shanghai buyers at TIs. 17.10. Cotton (Old) have advanced to Tia. 87.

the uncertain industrial outlook, Rubbers-The following are the future of this market is still not latest cabled quotations received regarded with any degree of con-trom Shaoghai:-

fidence. Nevertheless, the control exercised in America and the sup- port which the Standard market. receives may, if persisted in, for a time sustain values

Options:-Double £6, Single £3.

Opening. Closing. Cash

£71.10.0 £71. 2.0 Three months... £69.10.0 £68.12.0

Turnover for the week 3,050 tons.,

Novem- Decem- ber ber Tons fons

Anglo-Javas Anglo-Dutch Batu Anams

[United Press.]

the close of banking hours today || $22.00

Canton

China Buses

Tractions

Do.. (pref.)

Tadustrials

Caldbeek, ford.)

Macgregor (prof.)| Canton Ices Cements (comb.).....

Do (old)... Do. (new)...

Ropes arba

China Sugars......... Malabon Bugars

827

United Asbestos.

Miscellaneous

Dairy Farms......and $23

Der A. Wings....

Amusebionta 2...) 328)

cisco-due San Francisco, 5th Mar.

Nhangkai “& "EUROPE vin Siberia Amoy

Ligon, "Braits, Ceylon, India, Mauritius, Fast and South Africa, Aden,

$15:86 $15.00

8111

332

$7.60

829

Swatow..

*་

Amer

"And

Egypt & EUROPE via Marsilica-—-

elno Marseilles, 14th March

Fort Bayard, Hoikow, Pakhoi & Haiphong | Tonkin

Swatow, Amoy & Foochow ..

Shanghai, Japan, Canada, U.S.A., C. &B. America & EUHOPE vis Van- conver, B.C.due Tanoarer, B.C., 1st Mar, & Europe vis Siberia.

General Malainger

2.g. |Letters

:1.43 FM

2.307 M

1.81 M

•Hat Ning....

Foo Shing

由申。

་་་་

Kutsang

*5.00 PM

Parcel

5.00 vm

Emp, of Busia

T

H.K. Govt. Loan... $105

LOCAL AND REGULAR OUTWAED MAILS,

18:

NEW YORK, Feb. L

Demand sterling was quoted at

at $4.86, unchanged compared with $0.80 yesterday. U.S. bar silver closed at 433 compared to 43 yesterday.

829

31:30 Constructions

81.20

*3langbai & *Japan

Asheria Mora

Buyers.

.Tls. 7.30

3,80

The price of domestic copper te. mained unchanged at 18 cente, a pound.

$3

$18

Lane Crawfords Mackintoshs** Nanyang Tobacco...

$3

„Straita'& Valentia

Borang

34

Amay

Taiyuan

་

1m 19th 9.15 ▲ ́M Le tere 10,10 à M

Wedaad y, 18th,

Parcels Leita.s

30

Noon

1,00 PM -3.30 PM

$12

Sinceres (ald)...

$10

0.55

- Rubber.

Do. (now) .....4] $91.

Thursday, 13th,

Chemora Consolidateds

1.20

2.70

Kroowoeks

1.90

The rubber market closed firm and somewhat lower with the fol- lowing quotations:-

$112

Watsons ............

312

Boihow & Pakboi and Ha'phong

Ol.englu

Wm. Powells.....

B. Ind. G. Bonda... 614%

Repahs

1.30

Mouth

Jan 31 Feb. 1

pretz

Tanah Merahs

1.10

February

15.00

14.90

Tebongs Ziangbea

1.70

March

15.40

15.30

6.35

April

13.50

Juno

Production Exports

145,000 138,000 38,000 35,000 Domestic deliveries 60,000 58,000, Refined stocks ...... 127,000 171,000 Blister stocks...... 258,000 .205,000

Lead, after being a little firmer

meet with a fair amount of reais- tance at current levels, but the steadiness must be ascribed more to the fact that the present low price offers little incentive to sellera

rather than to any improvement in

demand on the' part of consumers, carlier in the week, has given way which remains regrettably dull and the price shows practically zo change as compared with our last Reports from the Continent are not report. The market has presented too favourable, but here also sellers. a very dull appearance for, whilst are reserved and stocks are in firm hands. It seems not unlikely that

on the one hand there has been very the present low price, which must be little disposition to press sales, the future contains for the time being unrempnerative to many producers, nothing which it might be said must gradually affect production and and result in some restriction of confidence should inspiro stimulate any real activity amongst output, whereby the balance of sup buying interests, and the immediate ply and demand will begin to outlook offers little prospect of any to normally adjust itself and bring very material change.

Options:-Double £6, Single £3.

Opening Closing.

January February March April

£21.11.3 £21.10.0 £21.12.6 £21.10.0 £21.126 £21,10.0 £21.12.6 £21.11.3

about 3. reasonable recovery, in price. Moreover, demand on the part of coBaumera is due for moderate revival.

In the U.S.A.,. quiet conditions have prevailed, and prices have in- efined to weaken by reason of the quiet demand which is just now be **Turnover for the week 1,700 tons.ing experienced, bath for home

trade and export.

Spelter-Fluctuations have been narrow: after displaying an easier Options-Double £2, Single £1. tendency values have slightly hard January .... (210, 7.6 £19, 7.6 ened and the price shows very little Tebruary change as compared with our last March report. The market continues to April .

(Continued on next Column:)<

219.12.6 £10.12.6 £18:16.3 ̄ ̄ ̄ ̄£19.16:3")

£20. 0.0 £20. 0.0 -Turnover for the week 4,025 tôrís.

Wheat. Wheat (Chicago) No. 620 herd higher, with the following quota- which is accepted as par closed time

Jan. 31 Feb. 1

Month March

May

Bugar.

17.02 17.15

The sugar market closed lower with the following quotations :—.

Month

Jan, a1 Feb, 1

May

July August September October November

15.70.

13.40 15,00

15.00

15.90

16.10

16.10.

WEEK DAYS, SUNDAYE & HOLIDAYS–

18.30 10.30

.10.50 16.50

FOR

Увох

18.70 16,70

From

10.80

16.60.

G.P.C,

Frox 0.2.0."

December

17.00

17.00

SZIUNGWAN BRANCH P.0.

JBoy.

1.101 1.17

Uhaong Shing

1.20) 1.22

Cotton.

July

The cotton market (Chicago)

1.291 1.24 Macao & Tringhau

$ 7.15 am, &} { 7.30a.m.

1.15 p.m.

**

Amor

Yuensang

Lonly

closed higher with the following Kangmoon (except Saturdays) 3.00p.m. quotations: Month

Kaukong (except Saturday Jan. 31 Feb. 1 Spots

10,35 16,50

Father (By Train) March

16.22 16.37 May

16,40 16:39 July

∙16.70 14.8% October

18.00 17.02 December

6.00p.m. 6.00 p.m.

6.00 p.m.

Manila, Bendakan, Australia & New Zealand via Thursday Island-das Thursday Igland, lat March...

Ohangta

0.00 p.m.

Swatow

Bangsang

6.00 M

4.16 m.

Tai O

Tai Po

Shamchún

0.00

7.15 1.3. 0.00 €.

Friday,

***

ག་

(9:00 am.

1. r

Obeungchow

Sales, tons

17,200 $,000

Aberdeen

Spots

Two Two

Starloy..

1,00 p.2.

8:30 D

Sandakan

March

1.82

1.80

Antan, Pingihan, Sautin,

2.00 p.m. 8:00

12.00 p.m. (12,30 pm

·& 4.30 pad. Baturdays 1:00 pm & 4.30 pán: 8.30.20 1.00 pm

3.00 2.

11.0.

21.00 0.12.

1 & 4.80 p.m.

Straita, Ceylan, India, Mauritius, E.& #3. Africa, gypt & EUROPE via Mar.

Billede Marseilles, 23rd March....

Kitano Maru

Kowloon P.Ú. Reg.

480

Le 22nd,9.00 4 M.

...CAP.O.

Kog. 8.45 AN Letters 8.30 A M

May July September December January

1:02

1:90

Shatin, Shataukok · and

2,00 pm.

10,30 m

-2.01 1.88

Bhoungehni

2.00 2.00 2.144 2.12 2.182.14

Balkung

4.30 p.m.

430 pin.

Kapitan, Shokki & Taiping Į

7:00 pm

7.00p.m.

(Famin)

South Africa and South American Portal

vis Exigon and Bingapore,

*Superscribed correspondence only.

Monday, 24th,

Mauiang

1.80

Tuesday, 25th,

Portal

Harcail Mars

Frox SERUNGWAN {BRANCH P.0.j

|(7.15 nöm. &} $ 7.30 4.m.

6.00 p.m.

3 Bunday 7.00 p.m.

11.80 p...

7.16.& (7.30 am, & 5,00 p.m. 7.00p.m.

Sundays (5 pm. only) | 7.00 p/m.

only 17 (716. & £7.30 ximi &

1.16 p.td. Sundays 8.15.00 only 5.00 p.

1:30 p Sundays 8.30.11.

Japan & Victoria, BC-due Victoria,1

B.O., 11th March

Jayan, Onzada, USA, C. 38. America)

& FUROPE via Victoria, BQem - dus Victoria, B,U, 7th March.

Phanghai and EUROPE via Siberia Swalow ...

-Pres. Line:in.

1.00 PM

Kowloon PO. Parcels 4,30 w

g.15th, 9.00

G.P.O. (Paro14th, 5.00

Reg.1515 9:45 AM Getters. 10,80 ▲ M

Saturday, 15th,

.10.03 & M

3.00 **

Monday, 17th Parcels ||Rogo: 4.15 pm

Leitern

Pres. Lincoln...stiem

5.00 r

· SCO P∙M.

6,00

5,00

5.00

Parcels 5,00

Reg.,18th,9.45 AM

||Loitėms ́10 30 AM Tuesday, 18th,

8.30 AM

Friday, 14th,

Bwator, Amoy and Foochow

Africa, Aden, Egypt & EUROPE vis Marseilles-dus Marseilles, 751h March

Batching...

Birita, Ceylon, India, Mauritius, E. & B..

Sarmala

|Leitor" 10.00 aas

Tyndarens