1930-03-06 — Page 11

Money and Markets

ANOTHER OIL WAR STARTED?

SUSPICIONS AROUSED BY ONE CENT DROP.

[UNITED PREIS.]

New York. February 27-Many observers to-day professed to see in the Standard Oil Co.'s reduction by one cent of the price of gasoline the beginning of the long-predicted war with Royal Dutch Shell Oil, in spite of denials issued by the Standard Oil headquarters.

Others contend that it

was a

more designed to offset the invasion of ecaboard markets by the Eastern Petroleum Corporation, a Royal Dutch subsidiary.

HONG KONG TELEPHONE

CO., LTD.

THE HONG KONG DAILY PRESS, THURSDAY, MARCH 6, 1930.

EIGHT PER CENT. DIVIDEND

FOR THE YEAR."

The report of the Board of Directors of the Hong Kong Tele- phone Co., Limited, to be present ed at the Fifth Ordinary Yearly Meeting of shareholders to be held in the board room of the company, second floor, Exchange Building, at 11a.m. on Saturday, March 13, states:

to

The balance at credit of Profit Officials of the Standard Oil Co. and Loss Account for the year end- said that the reduction was neves-ed December 31, 1929 (including the sary to meet competitivä prices of the independent oil men in Now from the previous year) after aum of 829,386.70 brought forward York and vicinity.

charging 8105,831.90 for deprecia- tion, amounted $331,587.02. which has been carried to Profit An interin dividend of 4 per cent. and Loss Appropriation Account. p.. absorbing 801,002.70 was paid on September 18, 1929, and this with the other

appropriations shown in the Appropriation Ac- count are recommended for your approval. Your Directors further recommend that the balance of $142.827.97 then remaining at ere. dit of Profit and Loss Appropria. tion Account be appropriated as follows:-

In any case, shortly after the Standard Oil reduction by 10/13 cents, Warder Quinlan and Mani- cipals further linked up by a 13/13- cent reduction.

Meanwhile John D. Rockfeller Jr. denied that his father had re- sumed his place at the helm to head the Standard Oil-Vacuum Oil merger.

Reports were also current to the effect that the Senate Lobby Com- mittee had decided to 'investigato the spectacular independent in terests oil lobby which was recent-1 Je conducted in Washington by Mr. Wirt Franklin to demand a high tarif on crude oil, imports to pro- tect domestic oil against incursions by Royal Dutch.

Los Angeles, February 27-Until further notice. California produe tion of crude oil will be reduced to 611 barrels a day beginning next Saturday, it was announced today, This is being done under an 'operators' agreement which is nim- ed to bring about elimination of waste and equalization of produc- tion in accordance with the re finers' needs.

į

¡

Payment of final dividend of 4 per cent, making a total of 8 per cent. for the year $91,992. 70. Carry forward to next account, £50,635.27.

Total, $142.627.07.

Directors.

Under Article No. 105 of the Company's Articles of Association. the Hon. Dr. R. H. Kotewall, Blake retire by rotation, but, being C.M.G., LL.D., and Mr. D. H. cligible, offer themselves for re-elec

tion.

Auditors,

The accounts for the year under review have been audited by Messrs. Lowe. Bingham and Matthews, who are eligible and offer themselves for re-election.

STANDARD BRAND

WHISKIES

FROM OUR OLD STOCK ARE BEING DISPOSED OF AT THE

OLD PRICES

› BUY. YOUR REQUIREMENTS EARLÝ

THE WING ON CO.,

LTD.

|

NEW YORK STOCK

QUOTATIONS.

Markot atoady,

Business donë, 3,810,110 shares.

DAILY SHARE QUOTATIONS.

HONG KONG, STOCK EXCHANGE

SHAREBROKERS' ASSOCIATION.

New York, Feb. 27

Fob. Tob

20

#7 Bayeri

Saltera Balza

WEDNESDAY. MARCH 5.

Bayw Seller

Bale Nominat

Adana Expro... Allied Chemical & Dye... American Can. ... American Rolling Mill... American Smalting American Tel & Tel... American Tobacco “B. American Waterworks...

Anaconda Copper Atlantic Redning Baltimore & Ohio Bethlehem Steel Borg Warner Calumet & Hecla Canadian Pacide Railway Chicago Hock Irland Chesapeake Corporation.

Chrysler

N

.... 8399)

* 266 268

** 1417 141

941 04 7171

.... 341 237

238 238 $1,3485)

... 105:1063 731 741

40

38

... 110 1251

901 1001

#0

08

401

30 B01

...200 207

Cities Service, Common Columbia Gas & Electric Columbia Graphaphone Commercial Solvents. Commonwealth Southern Commonwealth S. opt war.... Consalidated Gas of N. Y.

Continental Oil...

Curtiss Wright, Common Cora Products Coty, Incorporated Davison Chemical Da Font de Nemours... Eastman Kodak Electric Bond & Share... Eric Ballway For Film A

General Electric General Food Genera Motors General Bailway Signal Gold Dust Goodrich Rubber

Goodyear Tire & Rubber Granby

731 Ung.

131 110 $760

31 301

32; 33 T.180 21 22

303

#

$1,350 cum. div. £114

218

$301

Banks

H.K. Banks

$1,350

$1,350

Do. (London)...

Chartered Banks

Mercantile Bks. “A”

Bank of East Asia. 398

***

£18

FOREIGN MAILS.

RADIO NOTICES

If

The Radio Office, where fall information concerning all wirelses services may be obtained at all times, in situated on the ground floor of the P. & U Building in Dow Your Boad, next to the Gazeral Post Office.

Individuale and firma su recommended to register their telegraphic ad: dreas at the Radio Ofice. No charge is made for skia,

It is notified for information that with effect from 28th February, 1930, the local currency rates for radio telegrams to the countries amid below will be eased as shown t

Indo-Chinantes ; nikae e brucitask

Siam

Netherlands East Indies

$0.65

comes : $1.70.

INWARD MAILS.

FROM"

Pu

LJE

Insurances

Canton Ins.

$740

$1.50

Underwriters

T100

North China.

Union Inse

3389

MANIZA

M.30

Yangtze Ins..

300

LUA

CANADA

China Firda

H.K. Fires.

#210 $885

***

(Vistoria,

B.O 18th Feb

* Japan, · Bearonai & EUROPE via

Siberia (London, 15th February)

JAPAN & SHANGHAI

7th Mar.

7th Mar.

9th Mar

fship dues p.m., 9th

U.S.ABONOLULU, JAPAN & SHANGHAT! Emp. of Canada{] Buxors via NZGAPATAM (Letters and 1.

Papers, London, 8th February}

AUSTRALIA & MANILA

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

10th Mar

10th Mar.

10th Mar,

Haruna Maru

“Kashmir

Fess, Piares

Shipping

281 281 311 31

17

3 Unq.

..3940 #295

118 119

Afrika

201 911

St Albans

851 951

281 281

124.

Douglases

201 105

Steamboata

$26

87 37

Indos (pref.)

350

HONOLULU, "Jaron & StavoKAI AUSTRALIA & MANILA

1

Prez. Jackson

10th Mar.

$70

Da (del)

$00

JAPAN & SHANGHAT ...

Tai Ping Καλγάκ

...

11th M

16th Man

83/6

Shell Transporta

93/8

Water-boats

Mining

OUTWARD MAILS.

REGISTERED and FARQEL MAILS are closed 18 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 6 p.m. on the previous day.

125 128 2171 221

bet129160+

БОГ БОЛ

84) -342

1943

Banquets......

T1360 Langkats (comb.)...

751 74

611 61

Bel

50)-

031 931

Kailans

T.7

481 47

81

7.6

T1.30 Exploration.........

"Do. (single)

Shanghai Loans

$16

Raubs ........

$18.1

21/-

Tronoh Mines

19/3

Unq.

69 €8

gigi

$131

$5.30 $5

Docks, WharveS,

Godowns, etc.

H.K. & K. Wharts...

Providents F.K. Docks Shanghai Docka New Engineerings Hongkows

Cotton Mills

137 138

571. 57

$39 T.123 T7.60

H

108 109

T.200

... 100 100/

81 1

131 13

Great Northern Certificates... Ung. 95 Grigsby Grunow

∙17 278 International Coment...

-871 571 International Combus. Eng. *** 74 78 International Harvester

... Ung. 02 Intar, Hydro-Electric. “A”

437 431 International Nickel

871_30 International Printers Ink '52 Ung. International Product Com, International Tel, & Tel Johns Manville Kennecott Copper. Liggett & Myers "B" Lambert.... Mack Trucks Madison Squero Garden

Navada Consclidated Copper... Missouri Pacific Common.

Ward Montgomery Now York Central Northern Pacific Railway Facifo Lighting Packard Motor Car Paramount Famous Lasky Feonrytania Railway... Pennroad Corporation...

billips Petroleum l'ublic Service of N. J.... Radio Corporation. Beynolds Talucco "R" Fears Roebuck ... Shell Union

Simmons Company.

414

4

Southern California Edison

· Standard Brands

authors Pacific Railway

Standard Gas & Electric

Standard Oil of New York

Standard Oil of New Jersey

Texas Corporation

Texas Guff Sulphur

Timken Roller Bearing

Trans Amerian --

Union Carbide & Carbon Union Pacific Railway... United Aircraft & Transport United Dry Docke

U.S. Realty & Improvement 1.S. Steel Vanadium

Westinghenso Willys Overland

...

1224182

91 01

401 411

931 931

90

101. 10

675

T.83

#R

#1#

For

PES

DATE & TIME

Thursday, 6th,

Bangkok ris Hoihow ...

Bintang

8.80

$152/

· ·

35.45

B.C.duo. Victoria, B.C., 1st April ]}

Japan, Canada, U.S.A. (except Bani

Francisco and Oalitornia) *C^ & *8.|| Protovilaus America & EUROPE via Victoria,

Bog.

9.45

Leiter

1030 aa

$30

Bwatow

Rydrangea

2,80

1

T.120

Haiphong

i Gòn. Gồm Airlin

4.50

T.7

Saigon.

Ichang

5.00 r

Friday,

7th,

Baibow, Fakhoi and Haip ong

Minoda Maru

8.30 A

Wei Hai Wei via Swstow

Kugichow...

T.16 Ewos

T.15

T15.60

Swalow, Amoy and Foochow

Haiching...

S'hai, Ctons (old)...

T.831

Saigon..

Telemachus

T.82

Do. (w)...

Tar

+

T.10

Zoong Sings

T.91

Shanghai, Dalny & *EUROPE via Siberia Narpedon... Tourant...

*Straits, Ceylon, India, Mauritius, E. & S.

Lands, Hotels and

Airica, Aden, Egypt & Earopa vin

Baldings

Varasites due Marseilles, 6th April

$13

H.K. & S. Hotels

513

12.70/ 13.06

H.K. Lands

$64

104 T.220

Shanghai Landa

47 48

$8.30

H.K. Realtys spored

54 531 814

Humphreys

$14

891 891

808

Chinese Estates

21 21

Straita, Ceylon, India, Mauritius, E. & S.

Kowloon P.U. Reg., 7th, 4.70 M

Haruna Mary... L, 8th, 9.0J AN

Africa, Egypt & EUROPE via Mar-}| Kashmir sollin due Marseilles, 5th April

Q.P.O.

Bg8th,845 AM Letters 9,30 AM Baloon .O.

7th, 4.90 x u

[Pars

Beg, 8th, 9.00 AM Letters 10.00 x

.P.O.

Par 7th, 5.00 M

Ühing Kong

14

2.30 P X

430 r

9.30 AM

1,00 8.30PM

Public Utilities

631 812

... 124 124 $19.90

Tramways

$20

19.90/20

201 231

18:14

Peak Trams (old)... $11

1187 120

$6.03

Dr.

(new).. 35

Swalow

33 321

*3671

**

Star Ferries

$00

$10.39

19.3

40

CLights (old)...... 819.35

310.40

622 671

SIS

Do. (now)...... 516

621 621

Japan, Honoluin, U.S.A., Canada, C. &

8. America, & EUROPE via San Fran- Taiyo Maru cisco das San Francisco, and Apr'1'...)

771 77

Do. (comb.)..

8:01

H.K. Electrics

$69.70

45) 45%

Shanghai, & *EUROPE vin Siberia

91 01 323

227 228

844

Bangkok via Swatow

Beg, Bth, 9.45- Letters 10.30 am.

Michael Jaben

Beg

Lettera

5.01 Pi

Taiyo waru

Leg. Lo:tora

5.00 IM

6.00 X

Sunday,

Monday, 10th. ¡Parcals

3.00 TM

Saturday,

sta, 10.00 AN

4.15

8th,

9.00 A M

9.00 AM

gzi 1816 $1310 Unq. 321 De 672

.." 50 GB $10

8 Dan. T17.00

601 05

- 1898 189 18/3

501 684

1821 182

92

02

$23

Macro do.

Sandakan Liglītā ....

Telephones....................... $0.70

Ching Bases...ces Tractiona

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

gr

Industrials

T.10

Caldbeck, (ord.)

#

T.10

Macgregor(pref.)

Canton Ices

TAT

***

Swalow, Amoy & Formosa

Japan, Honolulu, U.S.A., Canada, C. d) 8. America & EUROPE via San Fran cisco-due San Francisco, 2nd April

Shanghai & *EUROPE via Siberia Manila

Euangchow Hozan Maru

ENTENTE CORDIALE IN

$15.15

$15.20

***

Cements (comb.)... $15.10

swatow and Amey

$10.8

Do

(old)...

$11

8-11

COTTON.

Do.

(new)...

$31

37.86

APA

Ropes

Bwalow, Amoy and Foochow

$0.75

China Sugars ....

PROPOSAL TO DIVIDE MARKETS AND AGREE ON SELLING PRICES."

827

Malabon Sugars ...

3:9

кон

Ceylon, India

United Asbestos

Fast

and South Africa. "Adan,{

Egypt & EUROPE via Marseille...

· MiscellanecELS

dos Marseille, 11th April

$221

Manila

ewator & Foochow...

Mauritius,

Fres. Pierce

Prea. Pierce

Beg. ¿Reitors

Hleg. Letters

4.15

5.00 X

5.0.

6.00 PM

Emp. of Vanadis....... Anhui

8.8*

*3,30 PM

Tuesday, 11th," Kowloon P.Q.

1.00

Bog

Porthos

Pria. Jackson

Chipsking

"

Taiyuan

1.00 P Letters 1.00

G.P.O.

Reg.

Loiters 2.30 x u

4:30

5.00 M

Wednesday, 12th

2,30 yu

thursday, 13th,

Chengts

830

Friday,

Bai Ning...

Boroloon PO. Paroola

Παλματα...

14th,

2.00 x

4:30 – M

arg,15th, 9.00 à 10 Letters 10.00 AM.

G.P.O.. Par.,14th. 5.00 Reg. 16th,9.45 Getter 10.80 & M

Saturday, 16th,

Parcels Noon {|Letters - 1.00

M

: *᎓ { : ፣

Amoy

Holbow, Pakhoj & siphong

812.20

HONGAY SMOKELESS EGGS COAL

FOR

HOUSEHOLD USE.

KEEP THE HOUSE CLEAN AND NEAT!

NOTE CHEAP PRICES

In lots of not less than half-ton; delivered to:--

PIE TON.

Peak District (above Bowen Road) Bowen Road and Lower Levels Pokfulam Road

$29.00

... $21.00

Kowloon

$23.00 $19.00

Orders should be sent in writing, not by Telephono, at least 24 hours before the coul is required; and orders must be accom- panied by cash, cheque, or compradore order payable to SZE WAI & Co.

Please apply for prices of other descriptions of coal for bunker, factory, and other purposes.

TELEPHONE No. C 5009.

SZE WAI & CO

42, BONHAM STRAND WEST HONG KONG. (CANTON BRANCH 32E WAI & CO. Lor Tự SEN HOLD, CANON,

'PROVE No. 13830.)

$0.80 $28

***

$29.30) Dairy Farms

Der A. Wings.. Amusements.

$1.30 Constructions

Lane Crawforda Mackintosha

Nanyang Tobacco... Sinceres (ald)...

(new)

$28

81.80

$18

$12

$10.40

Do.

89.99

Watsons-

821

B. Ind. G.8 Bonds... Bo%

Osaka, February -The Oiaka Mainichi says that Lancashire de- sirca am Anglo-Japanese cotton "entente cordiale in

foreign sel markets...

Lancashire's desire, the paper states, was communicated some time ago to the leaders of the Japanese cotton industry by Mr. M. B. T. Paske-Smith, the British Consul at Osaka. The proposals are said to aim at the elimination of destruc tive competition by a division of markets, an agreement on selling prices, and dividing business by ' classification of goods.

One of the leading Japanese cotton exporters, interviewed on the subject, said he was aware of the existence of such proposals, but owing to the death of Mr. Ichizo Kodama, the president of the Toyo Menkwa, followed by the general election, there had hardly been time for the leaders in the trade to dis- cuss the question. They were, how- ever, he said, interested in the pro- nosals, and would be willing to listen to further details.

Canton

prem

Wm. Powells.....

ELK. Govt. Losa ... 81054|

LOCAL AND REGULAR OUTWARD MAILS.

WEEK DAYS..

FOR

FROM G.P.O.

FROM SHYUNUWA BRANCH P,O.:

FROX G.P.Q.

{SUNDAYS & HOLIDAYS

FROM SIYUNGWAN BRANCH P.O.

(7.15 am. & 16.00 p.m.

7,30 6,0. 7.00 part.

5.00 p.EL

Hundays Bundays

Lonly

53, FLEET STREET.

The London Office of the "HONG KONG DAILY PRESS has been removed to more commodious and convenient premises.

Hong Kong Residents visiting London are invited to make use of our Fleet Street Office in obtaining any advice required relating to hotel accommodation, motor- ing facilities, shopping, etc.

Macao & Teinikan

(7.15 am. & 1.16 p.m.

7.30 a.. 11.20 p..

8.CO,p.w.

THIRTEEN OIL COMPANIESoon (except Saturdays) 5:00 p.m.

INDICTED.

6.00 pm

(7,15 dm,&] [7.30 am, &

7.09 p.

(p.m. only 7.00 p

(7.15 am, & 7,30 am, &

1.15 p.. Sundays

1.20 p.m. Sundays

only

8.00 pm.

6.15 .. 8.30 only

6.00p.m.

7.16 4.5. 9.00 2.

Bankong (except Saturdays). Fatshan (By Train)

7.15 am.

ALLEGED CONSPIRACY TO RESTRAIN TRADE.

Tal O

Tai Po

Shamchun

9.00.4, (1.00 ., & 23.00 patt

0.00 .,

[9.00 km, &

8.00p.m.

11,0 AM,

11:00 ..

& 4.30 pm.

1.00 p.m. &

·8,30 B

[UNITED PRESS.

Brockton, Mass., February 25, A County Grand Jury here to-day indicted 13 oil companies for alieg- el conspiracy to restrain trade.

Th1000 indicted included the Standard Oil Company, Cities Ser- vice, Tidewater Oil, Tares Corp. Shell Oil Eastern. Atlantic Rein- ing and Mexican Petroletta.

Cheangchow

Aberdeen Stanley Autan, Zingshan, Bantin, Shatin, Shataukok and Shengshui Balkang Nemtas, Shakki á Talping

(Fusion)...

12.30p.m.

Saturdays

4.30 p.m. 8.30 .. 1,00 p.10.

p.m.

&4.30 p.m.

100 p.

10.30

8.00

4.30 p.10.

4.80 1.m,

7,00 pr

8,00, pat

Swatow, Amoy & Foochow .......

Birita, Ceylon, India, Mauritius, E. & 8. Africa, Adoo, Egypt & EUROPE vis Karnailles-dna Marssilles, 11th April

Straits & Caloutka

Sandakan

Sui Bang

Massang...

* Buperscrited correspondence only.

Monday, 17th,

1.30 x

WHEN YOU ARE DUE FOR LEAVE

Send a Chit to 11.- Ice House Street.

and order the Hongkong Weekly Press to be sent to you for---

Three months

Six months.

Twelve months

$3.75

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