1930-02-27 — Page 13

Money and Markets

GREEN ISLAND CEMENT

COMPANY.

CONNECTION WITH MESSRS. SHEWAN TOMES SEVERED.

THE HONG KONG DAILY PRESS, THURSDAY, FEBRUARY 27. 1930,

NEW YORK STOCK DAILY SHARE QUOTATIONS.

EXCHANGE.

SHARP DECLINE ON FEBRUARY 20.

[UNITED PRESS:]."

SHAREBROKERS” ASSOCIATION.

HONG KONG "STOCK EXCHANGE.

Bugera Ballers

Jales

Nominal

WEDNESDAY, FEBRUARY 26,

Dayers | Ballers.

Enterprise comes into line with the recommendations of the Tin Pro- ducers' Asociation, and their ac tion marks a further step in the New York, Feb. 20-In the development of the Association's sharpest decline thus far recorded policy of curtailment; but com-

for the present year, prices on the plete agreement has not been reach-

New York Stock Exchange to-day ed, and pending confidence being broke from one to eight points and An extraordinary general meeting more fully restored the market pre-issues on the Curb also met with

sents from time to time a nervous

heavy selling, says the daily re of shareholders of the Green Island and hesitating appearance, reacting view of the Dow Jones Financial $10% Cement Company was held yester- under the influence of proft-taking News Agency. day to confirm the resolution, pass-weigh rather heavily on the situs sales, whilst the large stacks still

ed at an extraordinary genera! |tion. In this respect, however, meeting held on February 5, which there are indications of improve makes a change in the managementment, and stocks, if not actually of the Company."

-

CHAIRMAN'S SPEECH. The Chairman, Mr. C. A. da Rosa, said: The object for which this meeting has been called is, as indicated in the notice which the Secretary has just read, for the purpose of receiving a report of the proceedings at the extraordinary, general meeting held on February 6 last, and of confirining, if thought fit, as a special resolution the re-

decreasing, are apparently not ac cumulating to the same extent as hitherto, which gives ground for the belief that demand on the part of consumers, which has been alightly better, tends to further improve. In the present circumstances, the market should not experience seri- ous setback, but gradually improve if and when the regulation of out- put becomes more definitely estab fished, though reactions must be eur from time to time in view of the heavy stocks and the still in- definite industrial outlook.

Options:-Double £13,

27.10.

broke sharply, though it allied Bonds were irregular: Cotton near the close. Gains continued to be weak. The weakness in corn- modities dampened enthusiasm for stocks, and early in the market, traders sold on every opportunity. The intermittent rallies were mere-

signals for further selling,

The decline continued until near the close, when a few issues met, with support. Sales for the day came to a total of 3,681,070.

Unique Factor.

advanced near the close yesterday Radio Corporation, which had

$1,340 1,350/40°

cum. div. £116

1

218

T

***

£10

TH

Banks

#

ELK. Banks

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

Do. Bank of East Asia...

Insarazoea

*C

roug

[$1,350) ex div.

140

!!!

£19)

215

***

FOREIGN

11

MAILS.

RADIO NOTICES

The Radio Ofice, where full information concerning all wirelem services. may be obtained at all times, is situated on the ground floor of the P. & U Building in Des Voeux Road, next to the General Post Odios.

Individuals and' firms are recommended to register their telegraphis ad dresses at the Radio Ofen. No obarge is made for this,

It is notified for information that with effect from 26th February, 1930, the local currency rates for radio telegrams to the countries named below will be snowed as shown -

Indo-China ..........oa - i •'ionns

Netherlands East Indies

.$0.88

$0.90

$1.10

INWARD MAILS.

ΕΧΟΥ

Pn.

DIR

$745

T.100

Canton Ing.

3740

$1.70

Underwriters

$1.50

North China 10000

T160

$380

M850 Yangtze Ina...

Union IJUMAA

$350

***

$60

$940 $680

China Fires

$230

H.K. Firda näsaarse

$850

J FAN, SHANGHAI & RULOPE A

Siberie (London, 8th February)

EUROPA via Susz (Letters & papera, Lon-

don, 30th Jan, parcels, 23rd Jan.) || Rawalpindi U.S.A. (Beattle, 8th ebruary), Japánį

& NHANGPAX

27th Feb,

Pres. Fierce

28th Feb

Macedonia

59th Feb

Shanghai & Swarow

Sunning...

·Tab Mar.

MANILA

Pres. Madison

Srd Mar.

STRACTS

Alenia Maru

Srd Mar."

824

U.S.A.

(San Francisco, 6th February),

$35

HONOLULU, JAYAN & BUANGHAT

Taiyo Maru

JAPAN SHANGHAI

Kashmir

$90

CANADA (Victoria, B.C. 15th Feb,1

St. Albans

Pess. Jackson

10th Mar..

.. 11th Mar.

Shipping

D

$60

$201

Douglases............

$28

Steamboatsstomre

$43

Indos (pref).....

$70

Do. (de).

93.6

Shell Transporta ...!

63/6

96/-

$253

Water-bontuanını

Single £180.10 $176.15

on a basis of fresh, consolidation reports, was a unique factor of the market to-day. It reached 461 în a heavy turnover and then declin- 881 ed. The close found it at 431, down

from the close yesterday. The day's losses principally affected the professional traders on the Stock Exchange.

Mining

Benquête..

_50/-

Kailan....

T.14)

T.7)

ᎢᎯ .

T130 Explorations.....

T

T.5

Shanghai Loana

T3

$141

Raubs

$14)

21/

Tronoh MinesN

10/3

solution which was passed as an Cash £17.5 (opening), extraordinary resolution at that | (highest), £172.8 (lowest), meeting. You will remember that (closing). at the above-mentioned meeting I explained to you at some length why your Board considered it neces- sary to alter the future adminis tration of the Company by severing its very

with long connection Mears. Shewan, Tomes & Co., and

Three months:-£175.10 (open- ing), £183.15 (highest), £175-10 (lowest), £179.15 (closing),

Turnover for the week 4,150 tons.

COPPER.

you will also remember that as re- garda compensation

Mesers. to" Shewan, Tomes & Co. for less of office, I stated that steps would be taken by your Directors to review this whole question for the purpose of placing the master before share holders again in general meeting.

Compensation to be 'Paid. Negotiations with Messrs. Shewan, Tomes & Co., will be proceeded with *as soon as we are clothed with the necessary authority which the re- solution before you to-day will con- fer on us, and the result of such negotiations will be submitted to shareholders for their approval at an extraordinary general meeting which will be called shortly.

I will accordingly formally pro- post the confirmation as a special resolution of the following extra- urdinary resolution, namely: "That the firm of Messrs. Shewan, Tonics

Co., be removed pursuant to Article XI (8) of the Articles of Association of this Company from the Office of General Managers of the business of the Company but be paid as compensation for such re- moval any such sum as the Com- pany in General Meeting may here- After decide". I shall be glad if some shareholder will second that.

Mr. P. M. N. da Silva 'seconded and the resolution was carried unanimously.

The Chairman was supported by Mr. J. H. Taggart, Mr. J. Scott Hartson, Sir Robert Ho Tung, Mr C. F. Mendham and Mr. Li Tse Fong (Directore), Mr. Allan_Keith (Secretary) and Messrs. F. J. Tavares, H. Dreyer, J. P. Pereira, M. A. Figueiredo, N. Braga, F. E. Silva, P. M. N. da Silva, A. L. Shields and I. W. Ehewan (share holders).

THE METAL. MARKETS.

11

RUDOLF WOLEF'S WEEKLY REVIEW.

London, January 31-Markets have on the whole displayed a Father firmer appearance and prices are all higher as compared with last Friday's close. There is no marked changed in the industrial situation, but as the year develops soine improvement should take place. Meanwhile, the financial position tends to become easier, and the reduction of the Rate of the Bank of France, from 34 per cent. to 3 per cent, should foreshadow some further reduction in the Bank Rate here.

TIN

All three of the main Dow Jones averages reflected declines. For 30 industrials, the average was off 5.05 to 263.41; for 20' rails, it was off 2.46 to 152.40; for 20 utilities, it was off 2.44 to 90.59.

Heavy Drop.

heavy drop of seven points to a close of 181. Pennsylvania was off 1 to close at 82 Eric was down

New York Central showed a

Copper has ruled steady, the price showing a small advance of 5/- to 7/6d. as compared with our last report. The market presents no fresh feature of interest: the con- trol exercised over the stocks of Standard metal and the artificial to 58 Union Pacific was off position which results therefrom three points to 228. Canadian Paci

fic dropped 5 to 211. Rock Island have had a restricting influence on business. Demand on the part of

was off 1 to 121. consumers still fails to develop

Time money was quoted at 43 per- satisfactorily but the price of cent, and 5 per cent." and call Electrolytic is nevertheless main-money held on at 4 per cent. tained at 18,30 cents c.i.f.

Options: Double £4, Bingle £3. Cash: -£72 (opening), £79.5 (highest), £71.10 (lowest), £72 (clos- ing).

Three months-£68.10 (opening), £69 (highest), £68.5 (lowest),, £58.15 (closing).

Turnover for the week 3,575 tons.

Tin has been irregular. After earlier firmness, the market has reacted and the bigbest points have not been maintained; the price nevertheless shows an advance of 44 as compared with bar last re- port. Sales in the East during the week have amounted to 1,450 tons, To business having been effected there yesterday or to-day owing to the Chinese New Year, shipments thence up to the 27th instant were 7,565 tons, and for the month are now estimated at 8,230 tons. Pre- miums on 6traits and Banka are quoted at £1.15 and £8 (nom.) respectively. Business with consum ers has broadened slightly, both in the U.S.A. and on this side, a fair- ly active demand being generally reported. The firmness during the week may more particularly bet ascribed to reports that the Patino mines had authorized a reduction, of output, "whereby this important

į

Brokers' Loans. Washington, Feb. 20.-Brokers' toans in the United States rose $44,000,000 during the past week to a total of 83,404,000,000, accord- ing to announcement here to-day.

This compares with a 1929 bigh of 86,804,000,000 and a low of 83,328,000,000.

CROSSWORD PUZZLE.

17.80 T.196

T13.60 Langkata (comb.)

Do. (single)

Docks, Wharve,

Godowns, etc.

T.180 Shanghai Docks...

LAY

.:

4th Mar. 7th Mar

8th Ma 10th Mar

0.8.4„Horozuzü,Japan & muanquai]] Kmp. of Canada

AUSTRALIA & Manila 'Al

U.S.A. (San Francisco, 14th February),}|

HONOLULU, Jaria & Sraveral Acerrazza & Marina

4. Tai Ping

OUTWARD MAILS,

« REGISTERED and PAROEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where maila are advertised to close at or before 9 am, registered and parcel mails are closed at a p.m. on the previous day.

Formoss...

Straits & Calontis

FÖR

PEA

Емгурувия

Takliwa

DATH & TIME

Thursday, 27th,

10.80 & Parcela 10.30 A ...Letters 1183a a

230 rx

3.30: M

3,30

Africa, Aden, Egypt & EUROPE Macedonia Tin Marscilles-duo Marseilles, 28th March

Japan, Honolulu & South American Ports Rakuyo Maru Saigon

1.45 M Lailers. 9.30 - M

1.CO F

Kowloon PU. Parcela 4.30 pu Reg, 1st, 9.00 & M Letters 10.00 a

G.P.0. Par.,28th, 3.00x *

Bog., 1xt, 9.45 A 30 afters 10,80 a m MARCH--

Saturday, fat,

5.00 N 5,00 T

710

+

#165

$5.30 $5 $33

H.K. & K. Wharfs... $154|| $156 Provident

$5.45

***

***

H.K. Docks

$301

T.120

New Engineerings

T.7

Hongkows

Bwntow

Hydrangea

Lu

Gotten Mills

Bwator...

Amoy

T.16T16.40

E=DE

T.18

Faigon

Balaton Таіццал Yingshow

-

-

5,00

品

T.83

S'hai. Citons (old)...[

T.881

Friday.

28th

T52

Do. T.10 Zoong Sings

(DAW).

T.83

T10.10

*Shanghai and Japan.

Shizuoka Maru

830 AM

Lands, Hotels and

Shanghai, Japan & "EUROPE via Siberia || Rawalpindi Manila,Bandakan, Australis

41

10.30 &

New)

PAZ.

Noon

Zealand via Thurslay Island-due Tando

Dog

Bulidinga

Thursday Island, 15th March

$193

***

$12

H.K. & S. Hotels... 81250

Swatow, Amoy & Foochow ...

Haitang

05

H.K. Lands

$843

T210

$14

Shanghai Lands

$8,30

H.K. Realtys...] $8)

Btrita, Ceylon, India, Mauritius, F. & 8.

Humphreys

$14

$08

Chinese Estates

Public Utilities

319.60 $19.00

Tramways"......

619.60

Peak Trams (old)... $11

ETT

26.05 $68

Dr. (new)... 80

Star Ferries

$681

$19.20

820

7 18

10 11 12

$15

$16

Bangkok vis Bwałow

8223

Bwatow, Amay & Formos

.8391.

823

841

15

17.

18

$0.85

T17

19

20

2

22.

10/-

19/6

23

124

27

31

32

33 134

35

39

43

44

145

47

149

51

52

55

14 15

N

க

46

姊

C. Lights (old)......

Do

(now)......)

Do. (comb.).... H.K. Electrics Macao do.

...... 2691

Sandakan Lights...

Telephones....... $0.60 China Buses....................

Tractions

Do. (pref.)......

Industrials.

Caldbeck, (ord.)

Macgregor (pref.)

Cantoa Ices...

Cements (comb.)...) 8141

Do

(old)...

Do." (now)...

Ropes UNCO China Sugars Malabon Bugars

T.10

T.10

121

$143 $14.85 $14.80]

811

$7.85

20.75

827

United Asbestos

· Miscellaneous

$22.40 Dairy Farms....

8/

* SEE: ::

Wailing..

SandAJ,

fad.

Kaying Canton Maru

9.00 A

9.10&%

Pres. Madison...g.

Monday, 3rd, Parcels

4.107 M Letters 5,00

Beg *8.00 N

3,00

Hoihow...

Taning

Caleatts via Straits

www

9,80 AM

10.30 A

Par.

Noon

Letters 1.00 M Kowloon P,0.

'Jayan, Canada, U.7.A., C. & S. Amories")

& *FURÓPE via Victoria, B.Q.—

dae Victoria, B.C., Slat March

„t bangbai and "EUROPE via Siberia

Pres: Madison ... Letters 6:00 = 1

Tusolay 4th,

Shanghai, *Japan & *EUROPE via Sikerim Aruta Maru

Kutsang

Straits, Crylon, India, Mauritius, £. & 8. Africa, Egypt & EUROPE via Mar meilles-due Marseilles, 4th April

Swatow, Amoy & Feochow Swałow ...

***

Bhanghai, Japan, Canada, U.8.4. C.

& B. America & *EUROPE via Van- | couver, B.O-dze Vancouver, B.C., 22nd Max, & *Europa via Siberia ...

||Empres of Znic

Parcels 5.00 13 Wednesday, 5th, How.

9.15 A Letters 1.09▲

Wednesday, 5th,

10.00 AM 10.00 A M

50

$221

$0.80

Der A. Wings.....

154

$28

Amusements................

3231

$1.30

Constructions ...... 8120

$3.

Lane Crawfords...

$3

$18

Mackintoahs.................

་

Nanyang Tobacco...

Sandakan Strmita ***.

Amey

$12

Sinceres (old).......| 810.40

10--Conjunction...

Do, (new)...... 29.90

1.-Characterized by refinement.

11-In. Rússia, council;

Watsons **** on

$12.20

Swatow, Amoy and Fooobow

12. To empower.

$21

Wm. Powella 82

17-Jutting rock.

60%

20.-Adorning.

64% prem.

22-Antennae.

Horizontal

-Having branches.

13.-Gazed."

14. Character in Midsummer

Night's Dream..

15.-Mother.

16. To be agitated.

18-One of the southern U.S.

*(abbr.). 19.--Unusual.

21.--Fit. 22.-White lie. 23.-Withered.

-Bea eagle.

26. To pare. 27.-Exchanged. 29. To striko.out. 31.-Bench.. 32.-Balt 33.Set of bells: 36.-Flowers. 29.-The moon. 40.-Vehicle. 42.-Bolo.

43,-Unit of energy. 14-Intestinal pain

48. The sun.

47-Symbol for aluminum. 48-Contusions.

50. Toward.

61-Elegant covering.

53.-A number. 55.--Eats away. 30.-Stepa

Vertical.

1.-Highest. 2.-Bchool book.

3. To exist.

4.-Skill.

B-Record of events.

B-Prepared for press. 7-Plump.

8.-To aid. D-Meridian (abbr.).

24.-Dropsy.

26. Estuary between Uruguay

and Argentina.

28-Female sheep.

30-A worm.

33.-To split,

34.-One who throws.

25.--Scrubs clean.

36.-Getz up.

37-One who disturbs,,

38.-Receptions.

41.-Arab first name.

Reg. 1.00PM

Philoctetea

100 ra

Q.P.O.

Itlog. Loiter

Bai Ning... Ewai Bang

2.00 PM

5.00.

1.45 PM 9.30.M

Hinsang ...Laomedon.se! Banning.

8.30 P

Friday,

Haiching

B. Ind. G.8 Bonds... 60% H.K. Govt. Loan ... $105}]

LOCAL AND REGULAR OUTWARD MAILS,

Straits, Ceylon, India, Mauritias, E. &_ (8.)

Afrios, Egypt & EUROPE vis Mar- Kashmir Bilidae Marseilles, 5th April...

7th,

1.00 w

Koroloon F.O.

Parcel 4.50 PM: Reg, 8th, 9.00 AX Letters 10.00 a.

H.P.O.

Par., 7th, 5.00 M. Reg., 8th, 9.45 M. Letters 10.30A

Sunday,

9.00 A

Canton

44-American Indian. 45.--Gael.

48-Sleeping place.

48.----Ocean.

54-Negative. 54-Six

"YESTERDAY'S SOLUTION.

TO 1578

BET ARNB PAR ACE REEL OBEE RINTED EAR CE [234 322 CLE OPEN BLK CZET HAD ABE VEE NZ - SPADEZD- ER *** CAR EEL CEE 320W ZEG FLEE

ZAY - BAR 200

08 207 78ODER

CIDE IRIS

SOT REZT

WEEK DAYS.

FOR

FROM G.P.O.

Frox SHEUNGWAN |BRANCH P.Q.;

FZOM G.P.O.

SUNDAYE & HOLIDAYS

FROM BAZUNGWAN BRANCH P.O.

Manila

Macno & Tainshan

(7.15 s,m, di 17.30 am. {6.00 pm

7.00 p.m.

(7.15am. &| (7.30 am, &.

6.00p.m. 7.00 p.m Sundays Bundays (5 p.m. only 7.00 pan.

Lonly

(7,15 km. &) (7,30 am, &

(715 mm, &} { 7,80 a.m. 1.1.15 p.m.

1.30 p.

Bunday

11.80 p.m.

Rengmoor (except Saturdays) 8.00p.m. Kankong (except Saturdays)......

Fatehan (By Train)

Tai O fas

Tal Fo...

Shumchun

Cheungchow

Aberdeen

7,16 0,

9.00 A.Di (9,00 am. &

13.00 p.m. 79.00 am. 13.00, p.m (12.30 p.m.

4.80 p.m. Saturdays 1.00 y., & 4.30 p.m. 8.20

6.00 p.m. 6.00 p.

Biasley i

1.00 p.m.

Atau, Pingsban, Santin,

Shatin, Shatankok and

8.00 p.m

Shorngabul

4.30 P..

Numtau, Shekli & Taiping

7.00 p.xx

Balkong..

(Fumin) ...

1.16 p.m. Senders 6.15 a.. Lonly

5.00p.m.

"

•

*7.15.

9.00 .. 9.00 a.id,

11.0 am,

(11.00 ..

& 4.20 p.m.

8.30.

1:00p.m.

11.

10.30 ..

4.30 pr.

8.30 6.01.

Lonly

6.00 p.m.

4.00 p.,

7.00 p.m.

Emp, of Canada,

* Experscribed correspondence only.

YOU KNOW

YOU WON'T WRITE

So better send your old mess-mate.

a Weekly Press while he is away,

Let us have his Address, and send

us $7.50 and we will send it to him

FOR SIX MONTHS