1930-03-19 — Page 11

4

Ji

Money and Markets

CANTON TRADE" METAL MARKETS.

NOTES.

There has been a brisk demand for four lately and supplies are limited.

❤

•

The cotton yarn market remains dull but prices are firm as stocks are limited: According to a Shanghai telegram, the market there is

normal.

+

The value of the Central Bank of China notes of 83, 815, 830 and $100 denominations has risen during the past few days. They are at present quoted at 85 per seat. of their face value.

*

According to the statistics compil. ed by the Rice Merchants' Guild, some 233,720 piculs of foreign rice were imported by Swatow from Annam and Siam through Hung Kong during 1029.

Supplies of red melon-seeds. of which, Chinese people are exceed- ingly fond, have been limited. The price has risen, those of superior quality being sold at 865.50 per Picul. The secde come from the North River district.."

+

Very large quantities of wolfram ore have been imported from" the North River district recently, but demand by foreign merchants is limited. The price has fallen several dollars, being now H.K.861 per picul. A further decline in price "is expected.

•

Owing to the war, tradle conditions in the West River districts are un- usually disappointing. Several of the vessels plying between Canton and Wuchow have suspended sailing as there are no cargoes. Until the political crisis in Kwangsi is over, nå revival is expected.

The embargo on the export of rice was recently lifted in Wuchaw and very large quantities grown in the West River district have been sent to Canton. Another consignment of over 300,000 piculs is expected in Canton in day or two. It is ex- pected that the price of rice will drop still further in the pear future.

--

Manufacturers of, umbrellas re port very brisk trade this year on account of the rise in the prices of foreiga umbrellas caused by the exchange. Demand both locally and in the country districts has been doubled. Over 100,000 locally-made umbrellas were exported to Hong Kong and Malaya recently to meet the demand of Chinese residents.

HK. & WHAMPOA DOCK CO., LTD.

GROSS PROFIT 2633,000: NET $814.

THE HONG KONG DAILY PRESS, WEDNESDAY, MARCH 19, 1930.

RUDOLF. WOLFF'S REVIEW.

London February 2-Metals have displayed a good deal of irre gularity; in some case, firmer con- ditions have prevailed, but in others comparative weakness has obtained. The general outlook is uncertain and contains no outs tanding feature which might give markets a definite lead.

Tin.

NEW YORK STOCK DAILY SHARE QUOTATIONS.

EXCHANGE.

HEAVIEST DAY'S TRADING DURING PRESENT YEAR.

LOWER STEEL AND OIL PRODUCTION.

[UNITED PRESS.]

New York, March 12.-Prices were irregular on the New York Stock Exchange to-day, and trading was the heaviest for 1930, says the daily review of the Dow Jones Financial News Agency.

Following yesterday's half-day sension with afternoon trading aus- pended as a mark of respect to the memory of the late President Taft, sales to-day totalled 4,470,080 shares. brought uncertainty. Prices at the Reports of lower steel production opening were lower, but they re- covered toward noon only to sag again in the late trading. Steel closed at 378), off 3.

U.6.

Money Easier. again from the 4 per cent, lezel to

Easier money, with calls dropping i 3 per cent. and a sharp rally in oils on decreased production with an improved price tendency failed to bring firmness on the general list of stocks.

HONG KONG STOCK EXCHANGE.

SHAREBROKERS

ASSOCIATION.

Buyers Bottaru Bates Nominal!

TUESDAY. MARCH 18.

Buyers Ballare Balms Nominal

800

$765

T,100 $500

$$40 $895

$261

18

$95

1,392)

2108

£17

£15t

603

11

BARLS

EK. Banks

Do. (London) Chartered Banks...

Marcantile Bks. “A”

Do.."

Bank of East Asia... 899

C'

Insurancos

$785

Canton Ins.

*** $1.10

$398

$245

$805

$1,285

***

****

Tieo

FOREIGN MAILS.

11

RADIO NOTICES.

The Radio Office, where full information concerning all wirelnen sorrisos may be obtained at all times, in situated on the ground floer of the P. & 0. Building in Des Voeux Road, next to the General Post Office.

"}

Individuals and Arms are recommended to register their telegraphic ad- dresses at the Radio Ofea. No charge is made for this.

"

FROM

JAPAN

SHANGHAI

AXOX

Shipping

JAPAN

$24

BHANGHAI & SWATOW

$26

JAYAN

JAZAN ***

$80

STRAITE

390

JAYA

Underwriters

North China saisi

Union Ins

M.850 Yangtar Ind...

China Fires

HK Fires..

Douglases Steamboats

Indos (pret)

Do. (det)...

99/6 Shell Transports...

•Water-boats ...ani

Mining

Benguets.

$93

$207

$43

៖ ឌធំ ៖

... Tilawa

0.8.A. (San Francisco, 22nd February).

HONOLULU, JA, SHANGHAI Hatore Biber (London, 2nd Mar), EUROP VIA NEGAPATAK (Letters only!

London, 20th February) JAPAN...

INWARD MAILS.

Pss.

D

Bumaira Mars

19th Mar.

Alapora

19th Mar

19th May.

Tyibodas

19th Mar

Buryang

lath Mar.

Amazon Mars

19th Mar.

Naspore

19th Mar

Thikarang

19th Mar,

And

Tango Maru

20th MAT

Tum Sang

La Plata Maru

20th. Max. 20th Mar.

Aki Maru...

9th Mar.

47/8

Kailin

...Kamo Mary

21st Mar,

T13.60 angkats (comb)...

$2nd. Ma

To

T130 Exploration.........

Shanghai Loans ...

$18

$19

Raubs

$181

21/

Tronoh Mines

10/3

Docks, Wharves,

JAPAN

U.S.A. (San Francisco, 18th February),

HONOLULU, JAPAN ÅND SHANGHAI STRAITS

Pres. Wilson

2nd Mr.

Pres. McKinley

24th Mar

***

Mirzapore

27th Mr.

Tango Mary

26th Mar.

Chenonceaux

26th Mar

U.S.A. (Seattle, 8th March), CANADA,)

$145 $144 $4.95

$164)) $5.15

H.K. & K. Wharfa...

$1634

Prei, Jeforini

28th Mar

Providents

$3/03

***

$33

H.K. Docks #31

7.123

Shanghai Docks

T.380

17.60

New Engineering

Emp, of Busin Cres. Fan Buren

30th Mar

5th Apr.

T-218

Cotton Mills

$6.65

፧

Tix has ruled firmer and, though reacting from the highest, the price shows an advance of 13/-to 17/ed as compared with our last report. Sales in the East during the week have amounted to 1375 tons; shipments thence up to the 17th inat were 3094 tons, and for. the month are still estimated at 8,000 to 8,500 tons. Premiums on Straits and Banka are quoted at 22.10.0 and £8. (nom) respectively, Business with consumers in

this country and on the Continent has Most of the oils reached new highs. for 1930, but cased off alightly in alightly improved, and rather more the late trading along with the re- activity has obtained in the U.S.A,mainder of the liat Standard Oil where buyers on the whole are re of New Jersey closed up a point to 64 and Standard af. New York ported to have displayed more in-closed up to 31. Atlantic Refin terest. The market continues to ing was up to 401 at the close. fluctuate within rather narrow, Continental Oil gained and closed limits, presenting at na time any at 23. Phillips Petroleum gained very decided tendency, but rather 1 to close at 301. nervously awaiting some definite outcome of the continued negotia tions amongst producing interests. In this respect, a meeting was held on Wednesday, at which a delega- tion from Holland was present, but it is not expected that a decision will be arrived at until next week, and in the meantime some doubts are entertained as to whether the Dutch producers, if entering the Association at all, will do more than agree not to increase their output. Meanwhile, sellers, with The Dow Jones average for 20 due regard to. the possibilities utilities was off 1.32 to 98.86. Amer. which the situation contains, are fican Tel. & Tel. declined 3 to 2401 disincline to unduly depress values, and International Tel. & Tel. was but at the same time buyers ob- off two points to 68. Standard Cas serve a good deal of reticence pend& Electric dropped a point to close nt 115, Columbia Gas & Electric was ing a clearer outlook, and some indiention that confidence is more. down 12 do 90% and Consolidated 320.40 certainly returning. Consumption Gas of New York was off 12 to 115. is on the whole fairly well main-

For 20 rails the Dow Jones aver- tained but still Ings behind produc age also showed a small recession, tion, and the statistical position being off 38 to 152.16. New York at the end of the month seems like Central declined to 1831. Erie was ly, to show a further moderat, in down to 371 Pennsylvania was crease in the Total Visible Sup-off 1 to 814, Baltimore & Ohio was ply, but perhaps consumption is off to 1181, Canadian Pacific was netuinlly better than would appear off to 2031, but Rock Island from a comparison of figures, owing advanced to 1174 and Southern to the position in past months be Pacific was up a point to close at ing complicated by the incidence of 121. invisible stocks.

Ontions:-Double

£15, Single £7.10.

Cash:£173 (opening), £175.5 (highest), £113.3 (lowest), £173.12.6 (closing.

Three months :-£178 (opening), £178.2.6 (highest), £176.5 (lowest), £176.10 (closing).

Turnover for the week 2,125 tons. Copper has been irregular. The market opened week, particularly for ensh, which though recovering a little from the lowest points touched, still shows a decline of £1.2.6; the forward position has. however, been firmer, closing at an advance of 7/6d, whereby the back- wardation has contracted to £1.-ni against £2.10.0 jast week. The weakness of the near position must be ascribed to the fact that the bear account, at least for the time be-- ing, has been largely reduced, and the firmness of forward is due to reserve shown by seller, and in a measure to a little speculative-buy- ing stimulated by reports that busi- 614.53ness with consumers had been more

The annual meeting of shore- holders of the Hong Kong and Whampon Dock Co., Ltd., will be hold in the Company's offices, Queen's Building, at noon on Mon day, March 31, when the Directore will present the following report:

As shown by the Profit and Lane Account, the gross profit on work- ing for the year ending December 31, 1909, is 8033,632,35. After deducting inter- est, rates, Crown rent, insurance, directors' and auditors' fees and allowing the sum of $148,834.70 for depre ciation on buildings and plant, the net pro-- fit for the year 1929 is $ To which must be added the amount brought "forward from last year 121,351.30

making the amount at Credit of Profit and Loss Account at Deb 31, 1020

$121,903.83

which it is recommended should be carried forward to next year.

Directors and Auditors. Mr. Allan Cameron, and Mr. B. .D. F. Beith, retire by rotation and

offer themselves for re-election.

Mr. J. P. Warren has been ap pointed Chairman for the year 1930.

The accounts have been audited by Mesars Lowe, Bingham & Mat thews, and Mesara. Percy Smith, Seth & Fleming, who retire and offer theirselves for re-election.

EXCHANGE RATES,

active, both in America and on the Continent during the week. There is no indication, however, of any important buying movement de veloping, for the fundamental position of copper and the in- dustrial outlook generally does not for the time being inspire con- fidence in the immediate future.

Options:-Double £0.. Single £3. Cash: 270.10 (opening), £70.10 fhighest), .£89.15 (lowest), 60.15 (closing).

Three months£08.5 (opening), £68.15 (highest), £87.17.6 (lowest), £68.10 (closing).

Turnover 3,130 tons.

Milan Berlin Stockholm

Youngstown Sheet, and Tool sag- zed on account of the reported bitch in the merger planned with Beth- lebem Steel. Bethlehem closed down 18 to 101. American Rolling Mill declined to close at 031. With the Dow Jones industrial average of 4.12 to 272.13 for 30 leading indus- trials, Westinghouse E. & M. closed down 5 to 1848. General Electric wes uff 1 to 70%.

Decline in Utilities.".

Radio Corporation, dropped 2 to 30 Eastman Kodak was off of to 294. Borg Warner advanced ; to 481. Curtis Wright common was to 11, while United Aircraft Transport declined 21 to 64). Among the motors,

General land moved up to 91, Hudson was Mctors was off to 441, Willys Over-

off a point to 351, Chrysler declined to 38 and Packard was off à.to 918.

NEW YORK STOCK QUOTATIONS.

New York, Mar. 13. Market easy. Business done 4,470,050 shares,

Adams Express. Allied Chemical & Dyo... American Can American Eolling Mill... American Smelting A morican Tel & Tei, American Tobacco B" American Waterworks...

Atlantic Refining Baltimore & Ohio Bethlehem Stcol Borg Warner Calumet & Hocla

Canadian Pacifo Railway

**

!!!!

$12.85

$84

T.925

$8.30

308

TH

*

TH

01:

Do. (single)

Godowns, atd.

Hongkew

T.71

+++

(new)...] ....

T.14 ex div. 1.834 Tal

TH.10 Ewos

T.80 Shai. Ctons (old)... T.78

Do. T.10 Zoong Singa

| Lands, Hotals and

Bulidinga.

H.K. & S. Hotels...! HK Landa

Shanghai Lands ....

H.K. Realty's

Humphreys

THE

20.3/

8113 $6,05

$6 8201

$20/

$154

866.

$562 $36

823

843

$10,40

T18

10/.

18/3

Chinese Estates

Do.

-19.80/190

$04

Th

$7.00 $8.10 $14

(now)...) 351 $67

Public Utilities

Tramways $20.30

Peak Trams (old)... $11

Star Ferries

C. Lights (old)...... 201

Do. (110)...... $15 Do. (comb.)..... $24

H.K Electrics

Maczo do.

Sandakan Lights ...

2001 580

Telephones............ $10.30

China Buses

Tractions *******

Do. (prof.)......

Industrials

Caldbeck, (ord.).

Macgregor)(pref.)

Canton Ices........

AUSTRALIA & MANILA

NI

JAYAN SHANDZAL, 1-0

EUROPE VIS NESAPATAN (Papers only!

London, $0th February)

U.S.A. (80 Fencies, 21st February

BoxoLULU, JAPAN & Spa

it Tálma

JAPAN & BRANGHAL

CANADA (Victoria, B.C 8th March,| U.S.A, HONOLULU, JAPAN & SHANGX-1) U.S.A. (Ban Francisco, 7th March),

HONOLULU, Jaran & Branoxal

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are closed 13 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before a a registered and parcel mails are closed at 5 p.m. on the previous day

Fox

8. America & *EDRUPE via Van- | Emy, of Canada Reg9.15 M. couver, B.C.—due Vancouver, B.0..., ( 4th April, & Europe via Siberis Shangbai

Pr

DATE & TIME

20.30/40

Wednesday, 19th,

Shanghai, Japan, Canada, U.S.A.. 0.1

Letters 10.00

320

|231/24

Brin Chang

Trinan

1.30 x 2.30 P

Amoy

Thursday, 10th,

Heihow, Pakhoi & Haiphong..

Menado Maru

8.30 &

Java' vis Singapore and Batavia

Hoihow & Bangkok ---

Tjibodas Jingchoro

Shanghai, *Japan"& *EUROPE via

Sibers Nagpore

9,80 A 8.80 AX

10.30 ▲

Straits

Keemunt....

10.80 A

Bits & Calcutta

Bustow...

Tilara.. Hydrangan

arcals 11.00 A ...Letters

Noon

2.30PM

5.00 M

דיי .i

Balgon, F. Africa & South Ameritän Ports La Plata Maru... Swatow & toochow

V. Uheong Shing

Lowry

T.10 T.10

$21

$21

$14.70 $14,85 $10.80

$7

Cements (comb.)...!

$147,80

Do.

(old)...

$4.10

(new)...

231

Ropes

$72

Japan

Tourans

$0.80

827

Malabon Sugars

$29

United Asbestos

Miscellaneou

Do."

China Sugars

Dairy Farms...... Der A. Wings.... Amusementa

$1,30 Constructions

Straits, Ceylon, India, Mauritius, Fast)

South Africa, Egypt & Europe vis Marmille due Marssilles, 90th April

AN

Fuensang

Ak start... Phương Long

**

Reg.

Kamo Hari

Bangkok via Swatow Swatow, Amoy & Formosa,

Watching Kiungehou Prea. Wilson

Hawang ... Kiangu Hozan Maru

5.00

w

Friday,

.

21st

8.30 AM

9.30 A

1,01 PM.

Kowloon P.O.

·4.30 PM. Let.22nd,19,00°

G.P.O

Beg 22nd,8.41 M

Fattore

9.30 AM

Saturday, 22nd,

10.30 & ж 6.00 r =

- 5.00 3.2

Sunday, 23rd,

9.00 A M 8.00 A

9.00 A

$201

1201

$0.80

$28-1

$1.20

Faigon

**

$21

$18

Lane Crawfords Mackintoshs.......

$3

Amoy

Manila

Mar. Mar.

$4

11 12

$12

Do

311

Wm, Powells

Sinceres (old)......... 810.70 (new) $9.90 Watsons............

Sandakan

$12:20

$21

33 321

208

*** 270

144) 140

03) 93

... 751 781 ... 2414 240

240 235

1054 1021

744 73

..43

$2.85 60*)

8%

prem.

International Producta Com), *** 461 International Tel. & Tél. 119 1181 Johns Manville...

... 102 1011 Kennecott Copper

40 401 Lambert...

***

281 281 Liggett & Myem “B”. ... 2041 2031 Mack Trucks

Chesapeake Corporation Chicago Bock Island ... Chrysler... Cition Service, Common Columbia Gas & Electric Colombia Graphapkons Commercial Solvente Commonwealth Southern Commonwealth 5, opt, warr.... Consolidated On of N, T. Continental Oil - Corn Products

Coty, Lacorporated

Curtiss Wright, Commos

Davison Chemical

Du Pont de Nemours

Eastman Kodak

73 7a

| Madison Square Garden 117 117 Missouri Pacific Common

Montgomery Ward 381

36 391

39 391

Nevada Consolidated Copper 918 901 Now York Central 914 201 Northern Pacific Railway

83 $2 Pacifo Lighting

17. 16 | Packard Motor Car

Ба Si Faramount Famous Lasky 1194 118 Pennsylvania Railroad...

22231 Penuroad Corporation.... 94 934 Philips Petroleum

Nanyang Tobacco...

B. Ind. G. Bonds... 60% B.K. Govi Loan... 31051

70

68

*** 142 138

106.100

111 108.

841 831

1X 12

041 95

AMERICAN ATTEMPT ON SPEED, RECORD.

NAVAL OFFICER'S NEW RACING AEROPLANE.

[UNITED PRESS.]

451 Mutl

-20 29

1831 1831

Washington, March 7.

Lieut

131 2

Afred J.. Williams, record-breaking

DEL DZĪ

221 21

American speed dier, to day aa-

ounced his resignation "from the

70 09. US Navy effective two months

82 81 hence. Lieutenant Williams was to 14141 have piloted the American entrant

35

861

-

95 BAI

30 297 | Public Service of N.J.... 124 111

Radio Corporation

381 371 Reynolds Tobacco "B"

...113 121 Sears Roebuck...

*** 2303 2241 Shell Union

- 100

961 Hiramons Company

581 671 Bouthern California Edison 254 961 Bauthern Pacifls Kallway

77 781 Standard Brands

62) 011 Standard Gas & Electric

46 441

1.... 931 93

Standard Oil of New Jersey Standard Oll of New Yoric"

441 481 Texas Corporation

48

#71 Texas Gulf Sulphur

in the last Schneider Trophy race

Strails and Caloutta

intzen, Caylon, India, Mauritius,

East and South Africa, Aden, | Egypt & EUROPE vis Mareilles | duo Marseilles, 26th April

Swatow, Amoy and Foodbow Kazla Sxatow Amay

104

+3

Tuesday, 21, FAT Noon

Fuensang

Chenonceauz

Cetters 1.00 m21

Letters 1.00

Boibloom P.0.

Seg 1.00

G.P.O.

nez. Letters

1.45 r1

1.80

2,00-r

420 F X

Faining Proa. McKinley Chaksung

1. Borang

Manila, Australia & New Zealand via");

Thursday Island - doe Thursday Island, 7th April

may

**

++

Tange Haru Taiyuan

100

Heibow, Pakhai and Haiphong

Chakiang

Kunsang

Friday,

Kusichow...

62k 50k but was unable to get the speci-Amey 08-671ally-built hydroplane off the water.

92 901

03

In announcing his resignation, 221 221 Lieutenant Williams said that he 57452 intends to build an aeroplane with 004 which to recapturo the world's 1201 121 speed record. He was recently or

252 25

dered to ses duty, which would 116 115

have postponed accomplishment of :63 64

82-831 his dream for at least three years. Lieutenant Williams transfer 53 54

Wei Hai Wel

Straits, Crylon, India, Maurition, F. A 8. Atries, Aden, Egypt & EUROPE vin Marseilles-due Marseilla, 25th April

92.85

Copenhagen

20.381 18.11 18,161

Electric Bond & Sharo........

Erle Railway

Oslo Vienna Prague.....

16.17

Fox FilmA

34.59

General Electric

1642

General Food

General Motors ...

Helsingfors

393)

General Railway Bignal

Madrid

38.40

Gold Dust

Lisbon

1081

WIRELESS SERVICE]

Athena

375

Bucharest Rio

918

5 23/32

95

Manila

Ruany, March 17.

Buenos Aires

414

17 17.

the prospect of losing one more of

Paris

123.27

Bombay

1/5.27/32

New York

400

1/102

56 55 61 05

United Aircraft & Transport... Ualted Dry Docks

the famous service flyers may bring

Ung. Ung action in Congress toward giving

Manila

B 8

Brussels

34.88)

1/57

U.8. Realty & Improvement ...

better treatment including higher

International Harvester

Goneva

25.12

Yokohama

2/01

Int'l Hydro Electric "A"

Amsterdam.

12.12

Silver (spot)

43 421 Vanadium

101

International Nickel

(Continued at foot of nézt column),

Silver (forward) ·

19

513 ↑ Willys Orerland

Shanghai

Hong Kong

Goodrich Rubber Goodyear Tire & Eubbor

Granby Great Northern Certificate

Grigsby Gramow Endson Motors... International Cament International Comber. Eng.

International Printers Ink

88 881 Timken Roller Bearing Unq.

Trans America. ... Ung.

414

***

.881

... 37

Union Carbida & Carbon

Union Pacifio Railway...

981 921 C.B. Stool

00 61orders have been suspended, pend- 81ing action on his resignation. It 46. 4t is believed in some-quarters that ** 225 226

+19 190

67 67 182 178 tank and pay and more indepen-

66 781 dence in action-to such men in, an

40 391 Westinghomas E. & M. 100) 1841 effort to stem the tide of resigna.

et eftions. :

Bawalpindi

Pres. Jefferson

Emp. of Kuario

*Superscribed compondence only.

5,60 PM 5.00

Wednesday, 26th, Big.

845 A

Letters 9.90 AN

3.80 r *

Thursday, 27th,

880 à

6.00 IM

28th,

8.30AM

Kowla a PO, Parcela 4:30 PM Beg. 19th, 9.00 x 1 Leitors 10.000 G.P.O

Par 28th,,0,0 Reg: 29th,9.45 M Letters 10.80

Saturday, 20th,

4.30 Monday, Blat,

2.30 YM