1930-02-13 — Page 11

Money

and Markets

THE LAI WAH COMPANY,

SPECIAL RESOLUTIONS

There were about thirty, share- holders present At the Extra ardinary General Meeting of share holders of the Lai Wah Company, held at 143 (top floor) Des Voeux Read Central yesterday when a the number of alterations to Articles of Association were Pro posed and passed. The were inter alia,

The Company shall have a Chief Afannger and such Sub-Managers, Treasurer and Secretary as the Chief Manager shall from time to time appoint.”

*The First Chief Manager and Mr. Lau Siu Hap shall be the arcond Chief Manager,"

"The Chief Manager shall be ap. pointed by the Board."

"The sub-managers shall be sub best in all things to control of the Chief Manager.!'

The Secretary and Assistant Secretary and the Treasurer shall be appointed by, the Chief Manager for such period upon such terms and for such renumeration as the Chief Manager shall determine and ahall be entirely controlled by the Chief Manager,'

SUGAR.

A PLETHORA OF SUPPLIES.

Mesars. Penetreath & Co. have forwarded us the following letter dated January 17, received from Messrs Hornby Hemelryk & Co..

THE HONG KONG DAILY PRESS, THURSDAY, FEBRUARY 13, 1930.

EWO COTTON MILLS. DAILY SHARE QUOTATIONS.

HANDSOME FINAL DIVIDEND

DECLARED..

Messrs. Benjamin & Potts, share- brokers, inform us that they have received a telegraphic communica tion from their Shanghai office to $98 say that the Ewo Cotton Mills, Limited, of Shanghai have declared a final dividend of Tia. 3 per share,

The markets have registered a sharp decline since our last review, and the weakness, more marked in London than in New York, must bo attributed to tired long liquidationmaking a total dividend of Tis. 2,40 in more or less empty markets.

for the year ending December 31, 1999.

tons in

SHAREBROKERS' ASSOCIATION.

De (London)

Chartered Banks....

Mercantilo Bks. “A”

Do:

$1,350

FOREIGN MAILS.

RADIO NOTICES

11

The Radio Offles, where fall information concerning all ·jeslson services · may be obtained at all times, in einasted on the ground door of tho P, à 0. Building in Des Voeur Road, next to the General Post Otsa

Indivilmale and firms are recommended to register their telegraphis ad, dresses at the Radio Ofe. No charge in mule for thin,

It is notified for information that wireless massages to Bangkok will as from 10th February, 1930 be exchanged direct instead of nis Hanoi as hitherto

For

INWARD MAILS,

HONG KONG STOCK

EXCHANGE. ..

layer

Babure

Jalan

Nominal

NEW ISSUE AT A SMALL PREMIUM.

ĮWEDNESDAY, 'ĮFEBRUARY 12,] *

Bar Bellare

Bešen

Nasinal

Banks

$1,350

H.K. Bänks

£116 217)

228 £15

"O

Prz

...LATK

Bank of East Asia... | $984

Insurances

AUSTRALIA & Manila

#

$720 11.70

Canton Ins.

8715

Underwriters

31.75

T160

North Chins

T180

$3781

$378

Union Ins.....2

$379

M.850 Yangtaze In.........

360

ནས་ U.S.A. (Seattle, 26th Jan.), OverAJ)

Japan & SpaKOHAI & Earope Biberia (London, 15th January).........! JAPAN, SHANGHAI & EUROPE

Siberis (London, 24th January) MANILA

Changte...

via)

Pres. Cleveland

18th Feb

14th Fab."

$340 $830

China Fires

***

8320

200

H.K. Fires.............

$895

Karmala Kmp. of Australia Kalyan

14th Fb

14th Feb.

14th Feb

Shipping

Pres. Clevela ¿ Szechuan

14th Fol

15th Feb

Douglasea

824

Xuanzang.com

16th Feb

Steamboats

$43

Indos (pref.)

Taiyo Maru

17th Feb,

STO

Do (dot)

Hector

19th Feb.

97/8

Shell Trasports'

93/6

98/-

Kitano Maru

21st Feb.

Water-boats

$231

Hawai's Mars

$4th Feb

Andre Labor

25t5 Feb.

Mining

Benquets....

501.

Kailans MECE

54/-

T13.60 Langkats (comb)....

T.14

+++

17

Do. (single)....

TO

11.30 Exploration..........

7.5

Shangbai Loans ....

$132

Raubsc

$14

***

21/.

Tronoh Mines......

Docks, WharreR,

Godowns, sto.

H.K. & K. Wharfs.... Providenta.....

$5.40

$158 $5.50

Amoy & Fora vis Zwalow

Deli Maru

Boitow Pakboi snd *Haiphong

H.K. Docks

$30

Shanghai Docks ..

T.120

3wDOW

5.7)

Aaigon

Formers...

The Board of Trade returns for December give the United Kingdom consumption as 93,532 tons, against 123,189

November and The Company is also making a 110.373 tons in December 1929, . new issue of 100,000 shares. These

The total consumption in United Kingdom for 1929 is gives will be allotted to shareholder at as 1,046,928 tons, against 1,704,290 Tis. 5 premium, the proportion being one new share to nine old

tons in 1929.

the

Messrs. Willett & Gray give the 1929 consumption of refined Sugar in the U.S.A. as 5,810,080 tons, an increase of 4.84 per cent. over the

consumption for 1993.

Holders of sugar are beginning to realize at last that there is far too much sugar in sight for the next few months than can be comfortably digested. It is all very well for producers to stress the fact that present prices are cheap, but even they are beginning to appreciate the fact that with a plethora of supplies, it is becoming increasing- ly more dificult for them to dispose of their production, even at these The following" Special Resolu-so-called low levels. The world is tions" were also proposed and pass-suffering at the moment from over- ed, only one shareholder opposing production in all articles, and with

"The renumeration of the Chief Manager shall be fixed by the

Board."

the motion :-

"

1. The Chief Manager of the above named. Company, Mr. Chau Lun Po, has tendered his letter of resignation which was, for the time being, ac cepted by the Board. In con- firmity with the Articles of Association of the Company, the vacancy of. Mr. Chau Lun Po shall be temporarily filled up by one of the Directurs, Mr. Lau Stu Hap whose posi- tion shall be confirmed after the Extraordinary General Meeting.

the parlous state of finance, the marketing of crops becomes very complicated..

abarca.

Yesterday Ewos were wanted at Tis. 17.30, and sellers were scarce. The day being a half-holiday on the "Rialto," it has not been possible to ascertain the reaction the an- nouncement has made on the Hong Kong market, but no doubt a good deal of activity will result from this announcement.

IMPORTS-PRICES CURRENT.

The reports and prices are published as supplied by Importers, and the Chamber cannot accept responsibility for the

The American Senate decided last night to make no change in the pre-accuracy thereof. sent sugar tariff. The next proce- dure is for the question to go before

conference of the House of Re presentatives and the Senate, and our cable advices are not unanimous. whether the House of Representa tives will confirm the Senate vote or whether it will insist upon a small increase in the tariff.

We maintain the opinion that the time is not yet opportune for effect- ing purchase..

The Company has proposed to

Close London last night:-(Raw call for new additional shares and shareholders of this Com Beet): March 68. 14d., last week. Os pany have been notified byd.; May 7s 3d., last week 78. 9d. writing for same. Should any

Our New York correspondente

balance of new shares become cabled last night that the market is dun and unfilled up by share-ensier owing to the steady pressure holders, it shall be taken up of duty free sugar.

by the existing Directors. In The tariff situation is considered order to protect interest of to be a bearish factor for nears and the new and old shareholders, bullish influence for distant de- The opinion is held in all existing Directors shall liveries. remain in service for a period New York that the market may go

until of six

the lower on long liquidation, but senti- years dividend of new shares is ment is more in favour of the fully paid up making the article. equal benefit both the new and old shares in the #ame time. The subsequent Directors meeting shall be held in the year 1938. Mr. Fok Hin Fu, acting chair- man of directors of the Company was in the chair.

on

NEW YORK STUCK QUOTATIONS.

New York, Feb. 0.

Market Easy.. Business done, 8,708,070 abares.

Close New York last night: March 1.820., last week 1.97c.; May 1.91c., last week 2.02c.; July 1.08c. Inst week 2.080.; September 2.01c., last week 212c.

EXCHANGE RATES.

{AKITISH WIREL298 BERVICE]

Metala.

Exchange upsets now business.

IRON AND STEEL-

$25

$26

$20.15 $26

$237

$51

+2

*

!!! 18:

$158 8137

35.45 35.55 $5.45), 25

$32

ww

T.122

T7.60 T.196

144

E

Art

Evos

Do..

༣༣༥

(new)...

***

New Engineerings

Hongkowa........

Cotton Mill

S'hai. Ctons (old)...

Zoong Singa

Lands, Hotels and

Buildings

HK. & S. Hotels H.K. Lands

T.195 Shanghai Lands

HK Realtys... $8

$16.60 T.86

$18170

QUOTATIONE. Continental.

T.79 T.10

Stock Nail Rods... per picul Stool Barn

$5.84

5.15

Angles Bods

5.10

***

H

Joista

5.00

Sheete

$65 ex dir.

ᎬᏗ

Plates

* 80

6.80

*8.65

***

14.00

814

6.65

$88

1.00

13,80

..

Swedish Ba Small round roda Hoops, black steel galvanized Black Tubes 1/17/ Discount 721% c

LEAD

...

To arrive Australian--B.H.P., Spot

5.65814.351 $19.60

84 1800 $9.65

DBISO:

#!

$26

:: 881:

EUROPE via SURI (Letters & papers, Lon-1

don, 15th Jan, & parcels, 5th Jan. U.S.A. (Seattle, 15th January), Japan)

"SHANGHAI

SHANGHAI & SATOT

STRAITS

U.B.A. (San Francisco, 9ład January),

HONOLULU, JAPAN & BEANGRAI

БРАЛОВАТ

JAPAN & SHANGHз!

JAPAN

JAPAN & SHANDA ALL...

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 9 a.m. registered and parcel mails are closed at 5 p.m. on the previous day.

Formors...

For

Pri

.Data & Tiku

Swatow, Amoy and Foochow

Ohongtis ... Sekko Mars Hydrangea

Yusang y** Benlawers

Thursday, 18th,

-8,30 & M

8.30AM 130 7 W 3.30. 1

5.00 7

5,00 г s

Friday

ith

Haicking

10

Clanton

Telemachus

916.85

FAA

16.60/63

Haiphong

T.851

Saigon

T#3

T10.10

Biraila, Ceylon, India, Maurition, F. & 8. Africa, Aden, Egypt & EUROPE vis Marseilles--duo Marsailles, 15th March..

Karmala

144

་་་་་་་་་

$12.45

265

$19.55) ez div. 365.18]|

$14.35

**

Baigon

Manila

Tramways. 818.80 $19

Macco do.

Sandakan Lights...

Telephones...| $9.60 |

China Buses.........

Tractions

Do. (pref.).

Industrials

Caldbeck, (ord.)

Macgregoripref.) Canton Ices **** Cements (comb)...

Do (old)... Do.

Menertheus

Shanghai, & EUROPE Tia Siberia ...

Japan & Vic oria, B.O-due Victoria,1

B.O., 11th March

Tyndareus

Pong Tang

Amoy

13 M 5,00

Komlón PO. ::

Parcela 4.30 e k g.15th, 9.00AM Lettere 10.00 a m G.P.O.

{Par. 14th: 5.00 >

keg.,15th 9.45% w Letters · 10,30 AM-

Saturday, 15th,

10.00 AM

10.05

3.30 r 4.30 M 500, M

Prri, Cleveland. Anhui

180g

Lachow

5.00

Goiters

2,00

Sunday," 18th,

Canton Haru Kalgas

9.00 9.00

Monday: 17th, Parcala Reg.

Bangkok vin Swałow ...

Japan, Canada, U‚84, U. & §, America)

& FURORE via Victoria, B.O

dus Victoria, BC 7th March

Ehangbai and "EUROPE via Siberia ». Formers...

Amoy

Manila, Australia & New Zealand via)

Thuralay Inland due

Island, let Maryh

Pres. Lincoln ..

Swatow ..

2.00 4.15 V

Letters 3.00

Lältars. 8.00, P. M*

Ber.

Pris, Lincoln

Emp, of Australia!

Szechuan ... Yumeing

Changle

5.00

5:00 PM

$,00 P.:K

5.00 1

5.COM

Parcels Beg,18th,945 a

Letters 1030 a m ̈

Tuesday, 18th,...

8.80 AM

NOOD

1.00 M

1.00 M

Kowloon P.D.

4.30

Hamphreys

Chinese Estates...

Publio Utilitie

B3%

Galvanized flat sheets, 1/32”,

1/8/

Wire Nails, 11-3. per picul Galvanized corrugated phts.,

24/26 ... per 100 lbs. 24 G$5.50

5.40

$19

$19

8114

Peak Trams (old)... $TI

88.05 Dr. (new)

Shanghai & Dalny

83

8721

Star Ferrics...

par 100 lbs. 26 G30.60 $19.85 Galvanized 8/32#1x per lb. Galvanized wire 19/22 per picul

C. Lights (ald).

$13.50

$15

Do. (new).

13.10

Do, (comb.j

41

Britiah

$791 $7.

H.K. Electrica

$20 $15 $23.60 $23.80) 372

879.75

$15.25

$721

Яwatow, Amoy & Formoss

B.N., Spot

$17,50 8:3

17.6)

TIN PLATES:-

English I.C.W.,

"To ardive"

= 117,

18.25 T.161

19/0

10/

100 lbs, Spot Englah ICW. To strive English LC.W 183" x 14",

110 ba. Spot

per box 12.25 12.40

H

H

12.76

Thursday

English I.C.W., To arrive.

12.85 Continental. AmericanL.C.W. (Spot) 207 x 147

100 lbs., 112 sheets par bor... No stuck American I.C.W., To arrive 2014

100 lbs., 112 sheets... per box $14,50

Petroleum Products.

T.11

$21

Rpany, Feb. 11.

British.

Paris

.124.10

WITTE BOOD BRAND. COMET BRAND,

...por casa $4.18

"

3.80

$15.35

$1.20 $7,85 $0.50

85

1515.35/40

$15.55/60

$111

Wei Hai Wel via Swatow & Foodbow

Huichow

(now)...

$31

71/.85

China Sugars

Ropes.***********

$7.90

·Straits and Oxlsutta

Kumsang

¡Par, 1Latter

$27

Malabon Sugars ...

Bwatow, Amoy & Foochow

1.1

829

United Asbestos...

Reg.

**

***

New York

4.831

1

Cock

3,13

"

Brussels

34.90

EAULE BEAND

2 time 3.00

Geneva

25.201

...per bulk 3.00

Amsterdam

12:128

SOCONT MOTOR GASOLINE..... per caso 5.83

$99.90

Feb. Feb.

6 6

Milan

02.01

Kerosene prices advanced ten cents po

$0.80

፧፧

Allied Chemical & Dyo...

Adams Express...

Allied Power & Light... Allis Chalmers...

American Can...*, American Bolling Mill

American Smelting American Tol, & Tel. American Tob

Tobacco B*** American Waterworks

Anaconda Copper Atlantic Refining Baltimore & Ohio

Bethlehem Stool

...

Calumet & Hecla Canadian Pacific Railway

... 2783 280

451 161 -61 601

911 904 18 761 2311291 228 223 100 100

781 781

118 1171

102 100

31

311

2001 202

721 72

Copenhagen Oslo Vienna Prague Helsingfors

Madrid Listion

Athens

.. Bucharest

Buenos Aires

Bombay

Shanghai

311 801

Berlin

30.36)

unit on 20/1/20.

$28

$1,30

Miscellaneous

Dairy Farms.........

Der A. Wings....

Amusements

Constructions

Straits, Ceylon, India, Mauritius, E. & S. Africa, Egypt & EDKOPE via Mar- sailles-due Marseilles, 19th March

Hector

Letters 4.30 ▼ M

}

Beg.

8,00 N

$23

Lettor

Swałow

Hangsang

8.00T 5.00

$281 81.20

Stockholm

18.13

SILVER LIGHT,

3.90

$3

Lane Crawfords

$3

Amoy

***

18, 17.

CLOWN BEIND...

69 lbs. per 2 tins 3.00

$18

Mackintoshs...

18.21.

1831 182

31.543

8 i. galls, 68 lbs. per bulk 3,00 CROSS BRAND ...71 lbs. per 3 tins 3,34

Nauyang Tobacco...

84

1041

1031

37.874

LAMY GLATE SHELL MOTOR SPIRIT

8 i. galla. 71 lbs. per bulk 2,74 per 2 tine 3.52

$12

Sincares (old)......... $10+

Swatow, Amoy & Foochow ...

De. (new)...... $94

Fer case 5.83

$11.00

$12

Watsons APOIANA 812

por 2 tins 6.58

$21

Wm. Powells

82

1081

*375

301 391

318

TEXACO "8CALE"

Rio

5 17/32

per bulk 8.08

per gallon (ex pump) 0.61 "YIX FOD Per Co0 2.98

B. Ind. G.8 Bonds... 60%

Straite, Ceylon, India, Mauritius, E. & *3. Africa, Egypt & EUROPE vis Mar seille due Marseilles, 23rd March

Wednesday, 19th,

1.30 -

Priday, 21st,

2.00 x Kowloon P.0. toy. 4,30 P

Kilans Maru ... <|Lot,22nd,9.00 AK

Newchucany

Hai Ning...

H.K. Gort. Loan... $105

prem

3.72

42#

""TEXACO ACTO ĜALOLINY","

5.83

LOCAL AND BEGULAR OUTWARD MAILS.

1/5.20/32

Coals. QUOTATIONS

?/11

KAIPING NO. 1 Lump

801 801

Hong Kong

1/6

Nut Coal

$15.00 16.00

WEEK DAYS.

***

い

110 1101

Yokohama

2/0

411 41

Silver (spot)

20 3/16

314 824

Silver (forward).

20 1/16

20189 201207 20+ 30 431 201 321 201

... 114 113

Missouri Pacific (Com.).

223.22 Montgomery Ward

081 972 Nevada Consolidated Copper...

30 30 New York Contral

877

84

17

60

001.93

981

wat

-- 811 811

... 122 123)

67 67

71

***

83

204 89 Texas Gulf Sulphur 52) GI

*** 02:03

Timken Roller Bearing

Ung,

671001 148 143

0}} Trans America

Union Carbide & Carbon

"

901001

103) 1001

Liggett & Myers "B"

Madison Square Garden

(Continued on neat Oolumn)..

Ung 74 ...103 106.8, 8toal

Union Pacific Bailway... United Aircraft & Transport... 471 401 United Dry Docka U.8. Realty & Improvement

**** 184 1881 Vanadium

65] es] Westinghouse E. & M. (Com.)... 166° 104).

Cities Service, Common Columbia Gas & Electric Columbia Graphaphone Commercial Solventa... Consolidated Gas of N, Y. Continental Oil

Corn Products... O cod

Caty

ht. Common

Curtius Darison Chemical

Du Pont de Nemouri Eastman Kodak Company Electric Bond & Share Erle Railway Fox Film "A" General

Electric (New)

General Food

FOL

General MozoZE.... General Railway Signal Gold Dust Goodrich Rubber Goodyear Tire & Rubber Grauby Great Northern Certificates International Comont ... International Comb. Eng. International Harvester Inter. Hydro Electrio "A" International Winkel.... International Printers Ink... International Prod. (Com). ... International Tel& Tel

Kennecott Copper

Johns Manville...

Lambert Company

Lehigh Valley

7 71 Northern Pacific Railway

361 841 Pacio Lighting

120 128

1281 Packard Motor Car

108190) Paramount Famous Lasky

96 951 Fonnsylvania Bailroad... 603 801 Penaroad Corporation... 30 87 Phillips Petroleum 78 77 Public Service of

of N. J. Radio Corporation

Railway Reading Reynolds Tobacco "B".

441 44

48 Uzq. Sonra Roebuck... 49] 146

Shell Union

74 71 Simmons Company

£6) 56 Southern California Edison

Southern Facile Railway Standard Gas & Electric

81 801 STOCK

14 15

34. 241

917 90 30 271

Australian

641 Standard Oil of New Jersey...

901 883 Standard'Oil of New York”

381 384 Texas Corporation

Stanley. 44. Autan, Pingshan, Santin,

121 Bugal-

Java Rongh White... per plenl$7.48-7.78 Cheungchow

(Reported sales 49,006 pículs. Spot.) Java Rough White... per picul 37.63-7.65

(Boported sales 6,800

To Aberdeen picula. To arrive during Fob., March, 1030.) Jara Bough Brown...por plonl $7.38-7.43 (Reported sales 6,610 picnik. Spot.) Jarn Bough Brown...per pioul $7.28-435

(Beported salon 6,250 picuis,

arrive during Jan., Feb., 1990.) Jara Monakos per picul $0.15-0.23

(Reported sales 2,008 piculs, 8pol.)

To

flour

901 89

QUOTATIONS A

301 201

No. 2 Lump

No. 1 Black

No, 2 Black

MARKET:--Very weak.

American Patant...per sack 14.45 20

Straight...

11,50

8.40

FOR

£.70

FROM G.P.O.

FXox SHRUNGWAN HUANCH P.O.

FROM G.P.O.

SUNDAYS & HOLIDAYS

From STEUNGWAN

BRANCH P.O.

3.85-3.65 Canton

1831 183

88

84

Cut off Australian No. 1 Canadian Cut of

8.40-3.70

(7.15 nm, &) † 7.80 0.10. 16.00 p..

17.00 p.m.

3.80-3.00

7.16 m. 5.00 p.m Sundays"

p. only 7.00 p.m.

i only

(7.30 am, &

7.00p.m.

Bundays

Sandakan

South Africa and *Bouth American Ports)

vis Saigon and Singapore

Jaigon, *Straits, Ceylon, India, Mauritius,

East and South Africa, Aden, Andra Lebon Egypt & EUROPE vis Marseillos... due Marocilles, 28th March

* Superscribed correspondence only.

G.P.O.

Reg

8.45 AM

Lettors

9,30 M

Monday."

Mausong...

24th, 1307

Tuesday, 25th,

Hawaii Mara

8:30 AM

Kowloon F.O.

Reg: Letter

1,00 P

1.00 PM

G.P.Q.

Beg

1.457.M

Letters 2.30 r

3,25-8,35

Straight...

8.15-4.25

[7.15 am & 17.30 am. &

Mixture

.3.00

2nd Clear...

American ...

Canadian....

200

600,000 bags 180,000

Macao & Tirshan

(7.16 am, &] ƒ 7,80 x.w. 11.15 p.m.

1.16 p..

1.30p.m.

Sundays

20,000

186 138

541 64

700,000 baga

901

Sundries.

Kongmoon (except Batur lays) 6.00 p.m. Kanking (except Baturdays)... Fatshav (By Train)

6.00 p..

6.00 p.m.

1.30 p.m. Sundays 8.15 0. 8,30 m only

Lonly... 8.00 p 5.00p.m.

6.00 .p.20.

7.10.13.

231 23

WINDOW GLINKAGING

Tal O

80 70%

Fair average sizes.

1/16 thick

1/87

1211 118

... per box $3.80 Tai Fo

"15,80 (27 62K)

Shumchan China, India and Straits Produce.

...

4;

64. 531

401 401

781 751 91

00

2211224

Shatin, Ebataakek and Sheangshui Balkangi Nuntau, Sbokki & Taiping'

(Famiin)

2.00 p

4.30 p.10,

4.30 p.m.

7.00 p.m.

7.00 p.2

1.00 1. (11.00 .ini à

i 3,00 pan. (9.00 £ 12.00 p.m. (12.80 p.m.

& 4,30 pm. Batordays 1.00 p.m. &

14.30 pm. 8.80 1.4. 100 p.m.

{& 4.30 p.m.

8,30 1.174

1.00 p.m

10.30.

7.18

·9.00 1.1. 0,00 1,

11.01.

(11,00

m.

WHEN YOU ARE DUE FOR LEAVE

Send a Chit to 1t. Ice House Street.

and order the Hongkong Weekly Press

to be sent to you form

Three months

Six months-

Twelve months

$3.75

$7.50

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Chicago Northwestern

Chicago Rock Inland Chrysler....