1930-04-28 — Page 11

Money and Markets

GRAIN MARKET.

SHARP FLUCTUATIONS IN

..

WHEAT.

We have received from alessis. Pentreath & Co. the following re- port issued by Messrs. Hornby, Hemelryk & Co.. Liverpool, under dated March 26:-

Grains.

Sharp and wide fructuations have been seen in the Wheat market

during the week under review. A strong upward movement in Ameri-

NEW YORK STOCK QUOTATIONS.

New York; April. 21.

Market weak. Business done 4,401,600 shares,

Apr. Apr.

35 341

17

21

***

it

841 335

Adama Expres... Allied Chemical & Dyski American Can American Rolling Mill... American Smelting American Tel & Tel. American Tobacco "B" American Waterworks... Anaconda Coppar Atlantic Refining Baltimore & Ohio Bethlehem Steel Borg Warner Calumet & Hecla Canadian Pacific Railway Chempeste Corporation Chicago Rock Island ... Chrysler

Service, Common Columbia Gas & Electric Columbia Graphaphone

es and Canada caused heavy, cover-Cities 3 ing here of futures, but the bust ness in actual Wheat has not beep large to this country and only small to the Continent.

The U.S.A Farm Board has re- duced its buying limits, and it is said that the Board wishes to come to an export parity with its Wheat as its elevators are about full, and the new crop continues to promise well. Reports of crop damage, however, true or untrue, are dure to be circulated shortly. So far, however, U.S.A, Wheat is quita out. of parity.

is more The Canadian Pool anxious to sell and keeps, offering C.i.f. Wheat at less than the ad- vances registered in the Winnipeg futures market. The Pool, how ever, is not making much progress. Good business has been done in Australian Wheat, as shippers re dured the price of their afont Wheat to a much lower parity.

Commercial Solvants. Commonwealth & Bouthern Commonwealth &. 8. Warr. Consolidated Gas of N, Y. Continental Oil... Corn Predaose...

Curtis Wright, Common Davision Chemical

D'Pont de Nemours Eastman Kodak

Electric Bond & Share... Eric Railway Fex Film "A"... General Electric General Food

168 151

74

FL

2604 2331

... 245 240'

118 114

091 68. 43

117 118

105 103

471 481 24

201

212 200 7778

THE HONG KONG DAILY PRESS MONDAY, APRIL 28, 1930.

COMMUNISTS GAOLED IN DAILY SHARE QUOTATIONS.

NEW YORK.

SEQUEL TO DEMONSTRA- TIONS HELD RECENTLY,,

[UNITED PRESS. ]

New York, April 21-William Foster and three other Communist leaders were sentenced to prison terms ranging from one day to three years today. The men were convicted of agitation against pub- lic order as a result of Communist demonstrations here during the past three months.

Mr. Foster and three others, were arraigned in the Magistrate's court in New York on March 11 on charges of felonious assault and were described by the police depart meht as communist pests of which the city should be rid."

Mr Foster was ordered to be held without bail, despite the protests of his attorney, when the magistrate learned that the accused had served 119 11930 days in prison in Spokane, 30 391 Wash, in 1907, for violation of

Jag the Free Speech Act. The Inter 8582 national Labour Detence, which al 30ready had provided bail of 82,500 26 85 191 181 each for the accused, announced it 8 would week bail on the second 181 128 charge.

BB

109) 308 .... 181 127

General Motors... General Railway Signal Gold Dust

toodrich Rubber Goodyear Tire & Rabber Graby Great Northern Certificates Hudson Motora... International Comert... international Combustion Eng. International Harvester International Nickel

JAM

fnternational Printers Ink International Prodacts, Com..... International Tel, & Tél. Jobus Manville... Konscott Copper Kresger & Toli

There is no new feature in con- nection with India or the Danube, Russin has sold some Wheat and seems willing to consider reason-Kroger Grocery... able bids. The Plate is apathetic seller, and the exchange Auctuations. Inake business" very difficult.

# very

Local stocks are not decreasing as fast as expected, and there are one or two cargoes heading for

Liverpool for tendering purposes. small at Shipments keep 1,060,000 gr. against 1,301,000 qrs last week. On Passage: 4,480,000, qrs, against 4,812,000 last week.

It is dificult to express a strong opinion at the present time, as in view of the Canadian Pool and of the U.S.A. Farm Board, ordinary market factors have not the usual influence, and finance generally continue's to play 1 prominent part.

amart There are bound to be fluctuations at the present level, and we continue to feel that sales ir really strong markets or pur: chases in very weak markets will show. reasonable profits.

Visible Supply in the United States

Wheat: 175,009,000 bushels; last

Inst week, 179,302,000;

year, 140,675,000.

Corn: 94,197,000 hushels; last

last

year, 21,745,000; week, 34,549,000.

Oats 19,304,000 bushels; "Inst year,

week, 13,669,000.

20,157,000;

lust

Visible Supply in Canada. Wheat: 73,037,000 bushels; laet veeds.. 75,152,000; last

year, 87,786,000,

Oats: 7,007,000 bushels last week, 7,288,000; last year, 8,877,000. Whest.

Our Chicago correspondents cabl ed last night:-

1-A liberal snowfall in the Winter Wheat belt has improved the Winter Wheat outlook, and the, erop condition is probably above normal. The market needs fresh Incentives to maintain rallies.

2. The small export demand for American Wheat appears, the prin cipal depressing influence at pre- sent. As long as thore .is, nu sexi- ous deterioration to Winter Wheat prospects, sentiment will lean-to- the short side, particularly new crop' futures.

3. It believed that arrange ments have been completed to move. Govrament held Wheat received on May contracts to millere, the price being fixed on the basis of four sales as and when mado, We fear May shorts will have difficulty in delivering on contract, even though the arrangement will make increas cd storage space available. The discount of July and September under May is expected to increase, The fear abroad of an invasion of Government owned Whoat should disappear.

Corn: The movement it expected to be light, but the market is sub- jestehandlenge of Wheat believe that the difference between July Corn and July Wheat will

"narrow.

Oats: Oite should follow Corn. Rye: Ryc is cheap, but specula tive intera is light.

Lambert.

Ludina Steal

Mack Trucks Missouri Pacific Montgomery Ward

Nevada Consolidated Copper New York Central Northern Pacific Hailway

Facide Lighting

TLI

Packard Slotor Car ..........

Paramount Famous Larky Fennsylvania Kailroad Pennrond Corporation ....... Phillips Petroleum Public Bervice of N. Jersey Radio Corporation Reynolds Tobacca "B" Seara Roebuck.... Shell Union** Simmons Company Southern California Edison Southern Pacific Railway Standard Gas & Electric Standard Oil of New Jersey. Standard Oil of New York Texas Corporation Texas Gulf Sulphur Timken Roller Bearing Trans America... Union Carbide & Carbon Union Pacific Railway... United Aircraft & Transport United Dry Docks

12

...

37 361

140137 243 230 11011st 44

43 531

93 89

521 631 51+ GO

. "

GREAT U.S. RADIO MERGER.

SENATOR DILL'S VIEWS ON AGREEMENT.

UNITED PRES3.]

HONG KONG STOCK EXCHANGE.

Bayer Sellers

$109

!!!!!!

SHAREBROKERS ASSOCIATION.

Balen Nominel

SATURDAY, APRIL 26.

Buyers Belar

Bais Nominal

FOREIGN MAILS

RADIO NOTICES.

The Radio Office, where full information soxearning all wire- leas services may be obtained at all times, is situated on the ground floor of the P.&O. Building in Des. Vaux Boad, next to the General Post Office.

Individuals and firms are recommended to register their tale graphic address at the Radio Office. No charge is made for this.

INWARD MAILS.

Bents

Елем

$1,415 ****

HLK. Banks

21161

******#1,410

Do. (London)

T

£181

Chartered Banks.....

£18

£30

Mercantile Bles. “A”

£39

SHANGRAY & SWATOW MANILA

*24

£12

Do

"C

£15

Bank of East Axin... $107

$110

̈UALCUITA & STRAITE

AXOY...

***

Insurances

IM

$897)

BSD/30

Canton Ios.

SI

Underwriters

Ti60

***

$440

North China......................... Union Ins....masis

M360 Yangtare Ine......................

China Fires ******** H.K. Firess

3355 $900

...

**

***

$440

$900,

FEE

DUE

Fusch

19th Apr.

Pres, Cleveland S

13th Apr.

Tilawa

29th Apr.

#41

Shirnla

29th Apr.

Antenor) Tikarang

30th Apr. Roth Apr.

Nellore

Soth Apr

EUROPE via Ngarazam (Letters only,}

London, 3rd April)

(Ban Francisco, 4th April,) Honolulu, Japan & SHANGRAI

Prez, Polk Melbourne Maru.....!

UBA. (San Francisco, 11th Aprilk Pres Fierce

$920

U.S.A.

$1.65

3rd May

+

T160

JAPAN

•

5th Hay

$445

$80

HONOLULU, JAPAN & SHANGHAI

5th May

TH

JAPAN & SHANGHAI ....

Angers

6th May

+11

G.S.A. (San Francisco, 10th April),1

HONOLULU, Japan and SHANGHAT CANADA (VADCOuver, B.O. 17th April),1

0.8.A, HONOLULU, JAPAN & SHANGHAI]| Emp, of Canada..

Tatyo 'arú

6th Mar

8th May

$261

360

$00

Shipping

$59)

Douglases ...

$21

$26

$261

Steamboats) $26

Indos (pref)ons.

Do. (def.).

$27

61/3

BSN

45

70

80 84 47 40f 901 001 523 51 13, 221 1131 1081 407 39 £6:56

7

14

71

Washington, April 17-Senator Clarence C. Dill of Washington stated to-day that the merger of the radio business of the General Elctric Co. and the Westinghouse. Co. with Radio Corporation of America will constitute a world power, radio and electric manufac- turing trust. He pointed out that the Radic Corporation has exclusive contracts with every country except

$151

$3

$39

$37

T.81

127

$43

$40

97/6

L

1.

OUTWARD MAILS.

REGISTERED and FARCEL 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 8 pm on the previous day.

For

Boibow, Pakhoi & Haiphong

Manila & Parcels only for Germany vis]

Hamburg

Swstow...

Japer, Canida, U.S.A., C. & S. America'

*EUROPE via Visteris, B.C.,

dus Victoria B.C. 16th May .......

PER

Ausichoso... Fushimi Mars

DATE & TIME

Monday, 28th,

9.30 A 9 30 AM 10.30AM

* '18.30 Y x

Parcela

3.00 x=

3.00 ex

15 w

7.14 4.9

T.1.

1.3

*Swatow, Foochow & Wei-Hai-Wei

$231

304

8bany hai

19/3

*

Shell Transporta ..... 95/-

Water-bosta

Minlog

$6.70 Benquets..

Kailenst

T13.60 Langkats (comb.)

Do... (single)

*T.?!

T1.30 Explorations....... To.401 Shanghai Loans ...

Rauby******

Tronoh Mires

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharfs... $150)| Providents ....

HK Docks C)

T.125 Shanghai Docks ...T.1278

New Engineerings T.8.06

31/-

+

85 937

T.245

Hongkown

Cotton MIL

Ewos

T13.15 x righta

T.80

***

Shai. C'tons (old)...'

*

1.78.

T.10

Do Zoobg Binga

(new)..

***

1231 Russin.

627 Ung 35 34 39 8, 2071 100

He mentioned that Mr. Owen D. Young had been the moving spirit in this, and that only one more step was necessary to attain the desired goal as the greatest trust.

T.13) T1240 T134/35

-Buildings

Senator Dill declared that Mr. 312.65 $12.85 $12.70

Lands, Hotell' and

H.K. & S. Hotels ... 812.60)

EXCHANGE RATES.

###

1.70

T.76

T9.70

Kalmerband Hydrangea

Pres. Cleveland

Kag.

Letters Reg.

$.00 PM

Shanghai and EUROPE via Siberia

Pres. Cleveland

Lettera 6.00

Haibow

Masila &"Jeva via Sourabaya

Kwangtung Theondari

gaib, 8.30

Swatow, Amoy & Foochow

Hasching...

Straite, Ceylon, Indis, Mauritius, E. & 8.;

Africs, Egypt & EUROPE via Mar Calchas

oillen-due Marcilles, 30th May...

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

Tuesday,

..10,50 A M

1,00

Fimotoon P.U. Reg. 1.00 P M

..{}Leitars 1.00 P-

G.P.O.

Reg. 1.45

Lotters 2.31 PM

rcola 5.0

Regi

S. Amerien & EUROPE via Van-Empress of Asia) Wednesday, 30th. couver, B.C.-due Vancouver, B.C., 17th May, Europe via Siberia.

www

Shanghai, Japan, Honolula, USA. Canada, Central & South America, and EUROPE via San Francisco---> due San Francisco, 22nd My and

EUROPE via Siberia

Straits and Calcutta... Bangkok

Hopian Strang Trisan

+

Asama Maru

-

9.15 Letters 10.00 AM

Wednesday, 30th,

8 30 A 20 13 W -3.30 † M

5,00

Reg. Thursday, 1st, Lettera 8.30 á m

-MAY-

Thursday, lat, Parcels 11.00 AM Lotter

Noon Noon

8.30 xx

Friday, 2nd,

8.3)& 10.30 ▲ M

NOOD

1,45

Leiters 9.30 P

1.00 X

Saturday, 3rd,

5.00 N

5,00 P

4th,

Liggett & Myers “B'

1101 1084

40 38

83 823

01

"That step, he continued, "is control of the International Bank."

1970

451 451

251 237

872)

872)

H.K. Lands

$72)*

$72

1814 1794

Dog, 88

103 102)

201 201

82 817

1411

33 28

David Sarnoff, head of the Radio Corporation, bad attempted to in dicate that President Hoover ap proved of the merger, because the 73 72 announcement yesterday closely fol

lowed a visit by Mr. Sarnoff to the White House.

T.943

Shanghai Landa

38.60

H.K. Realtysz

$8

3144

8142

Humphreys $142

$08

Chinese Estates

-

Seato l Pandakan Amoy

***

-

Public Utilition

116 1164

624 631

54 53

The Senator said, however, that he did not believe that President Hoover had endorsed the scheme,

$20

$21.80

$75

922 011

8211

23

C. I Lights Do.

$11.65 Peak Trama (old), $11 $6:05

(new)... 35

22.90/23.10

Tramways

$21.60

$21.75

$70

(old)......

$23.40

49

471

73/28

H.K. Electrics.....

(new)....

Shirata

$722

Bintang

70

402

Macno do.

1247 129

Bhangbai

Taming

***

$8.05

120 124

[BDITISH WIRELESS SERVICE]

Sandakan Lights

$13

$12

781

362.

T.19 RUGBY, April 25.

Hoihow & Bangkok

Chinnứa

573 378

10/-

9/-

Japan

Heiys Maru

***

*

*41

02 621

Paris

123,02

18/3

New York

4.58 11/32

***

450 451

Brussels

34.591

414

1034 001

Geneva

25.08

230

Amsterdam -

12.07

T.10

Swatow, Amoy and Foochaw

Manila, Sandakan, Australia (except Places Bonth of Townsville) &*Now Zealand is Thursday Island-dae Thursday Island, 17th May

Nolicre...

Par. Roy.

164

Haiyan's

911 80

*Milan

99.78

TIO

Berlin

20.301

Canton Ices

Stockholm Copenhagen

18.091

$16.70

15.70/

15.86/75

Amoy

18.102

811

Do

(old)...

$111

Manila...

Kingyuan. Pres. Polk

зн

1

... 1981 1983

Oslo ...

13.164

.34

Do.

Vienna

31.50

$5.15

817.35

Ropes.onio

881

Sunday,

Prague

1642

$0.80

Chins

827

Malabon Sugars ...

$29

Helsingfors

193 3/18

*Swatow, Foochow Wei Hai Wei.... *Swalov & Bangkok ...

Buichow Kwangchow

8.30 A

9.00 & M

***

Madrid

39.025

85

United Asbestos...

108.30

Miscellaneous

"375

638.

5 13/16

$23.15 $23.40

Dairy Farms ....

$23.35 $23.25

Manila. Australia and New Zealand vial

Brisbane-dae Brisbane, 19th May...]| Melbourne Maru Letters

Monday, Rog.

5th,

415 PM

5.00 F

43 9/10

$0.80

$301

Der A. Wings... Amusementa ****

Taesi 8th,

$30

$31

Kowloon F.O.

1/5 11/32

$1.20

#3

$3

19 11/16-

1/6.1/16 2/07

19/13 (2)

$18

Nanyang Tobacco...

34

saigon, Strails, Ceylon, India, Mauritius, `

Fast and Eouth Africa, Aden, Egypt & EUROPE via Marseille due Marseilles, 7th June

Beg.

· Angers

$12

Sinceres (old) $11

Do.

(new)...... 810.40

Manila

Fres. Pierce

$11.

Watsons

$10.60

Wm. Powells

$21

63

·8% prem.

SWsłow..

Manila

U.S. Kubber

C.S. Steel

Vanadium Westinghouse E, & M.... Woolworth

64 Laq 331 32 1961 Muti 1293 336

The Recorder, Sir Ernest Wild.". K.C., explained the law regarding suicide pacte to the Grand Jury at the opening of the Old Bailey Sessions last month. There were, he said, two alleged cases of this nature in the calendar, which cop- tained the names of 83 persons. It cannot be too clearly under- stood that the law of England-anys if two people agree to commit sui- eide, and one succeeds and the other fails, the one who fails is guilty of the murder of the other," he said.

Lisbon Athens Bucharest

Rio

Buenos Aires

Bombay Shanghai Hong Kong Yokohama Silver (spot) Silver (forward)

....... 1711

AMERICAN STOCK QUOTATIONS,

LATEST WALL STREET PRICES.

The following quotations have been received from their cor respondents, Mears. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:-

Tone of Market. Izregular. No. of Shares done.-1,000,000. Call Money.-4 per cent.

American Smelting Anaconda Copper Baltimore and Ohio Borg Warner.m Chrysler. Motors .... City Service Common Curtis Wright Cominon Eastman Kodak ...... Electric Bond and Share

Erie Railroad

!!!

Telephones.....

China Buses........ Tractions......

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

"Industrials

Caldbeck, (ord.)

Macgregor (pref.)

Cements (comb.)... $15.70

(new)... $41

Sugara

$1,30❘ Constructions

Lane Crawfords Mackintosha........

TH

B. Ind. G. Bonds... 63%

B.K. Govt.Los'... $107.

LOCAL AND REGULAR OUTWARD MAILS,

1

WEEK DAYS.

FOR

From FROM

SHYUNGWAY G.P.O. RANCH PO.

FROM

.P.0.

SUNDATE & HOLIDAYS

FROM SHUNGWAN BRANCH 2.0.

(7.15.& § 7,30 a.m. 16.00 g.to.

7.00 pm

Sundayı

only 7,00 p.m

(only:

1.30 m.

Jiaita & Calenźta

Straite, Ceylon, India, Mauritius, E. & §. Afriss, Aden, Egypt & EUROPE vis Marquedos Marsailles, 7th May J

Yolahing

Emp. of Canada...

Kuliang...

Kashgar

Büperscribed.correspondence only.

1.00 M

Lacters 1.00

G.P.O. Reg. 1.45 PM Liter 2.35 »

4.30 M

[Wednesday, 7.5,

Thu-eda

Friday,

8.30 a Mə

8th.

8.30

gth,

TOOK

Parcels HAR.. 1,00 P

Kowloon P.0" Parcels. 430M Beg., 10th 9.00 A Letters 10,00

4.P.Q. Par, Sth, 5.3 U v mí 1 Hav,10th,9 45 à m

Letters 1030 ▲ m

7.7.18., & (7.30 am, &

6.00 p.m.

2.00 pin Sundays Lp, 20.

(7.35 am. & 17.20 &

1.15 pm, Sundays Sundays

8.15 8.m Lonly

6,00 pm

.7.16 L 11.00 mi

8.30 an Lozly:

6.00 pm

6.00pm,

WHEN YOU ARE DUE FOR LEAVE

Send a Chit to 11. Ice House Street. _and_order_the_ Hongkong Weekly Prest to be sent to you for

"Three months-

Six months.

$7.50

$15.00

NEW YORK, April 25.

:

Canton

Last Dividend.

Latest

Sales.-

72

64

117

45

Macao A Trashin

(7,15 am, & § 7,20 m.in. 11.16 p.m.

11.30 p.m.

37

30c

Norie 8B

Konginoon (except Eaturdays) 6.00 p.m.

6.00 p..

255

Kaukong (except Saturdays)...

6.00 pm,

80

+14

None...

54

Fatahan (By Train)

7.15 1.31

48

General Motorė apar General Ry. Signal *.......... Gold Dust

Tỏ

9.00 .m

5

95

(9.00 Am. &❘

8.00 X

( 900 a.m. £}

110.

13,00 p.z

11.00 iz 3.1.30 p.

1.00 pm &

4.30

p. 8.20.

8,80 4.0L

1:00 pm

Shatin, Shatzukek and Sheangahul

2:00

10.30

Salkung***

4.50 pan

None.

Kamtan, Shakki & Taip!

Taiping

Goodyear Tire and Rubber Granby Consolidated

Hudson Motors

International Cement

International Nickel

Montgomery Ward,

Novida. Consolidated Copper

have Gospe

Sears Hochuck &

Simmons Co.

Standard Oil Co, of New York.

Union Carbide and Carbon.. U.S. Rubber

United States Steel

Tai-Fo

Shuzichun

40

M

Cheungchow

Aberdeen

Ana Fingshan,

(Funtio)

(12.80 m.

& 4.30 pm,

Saturdays

Twelve months