1930-05-22 — Page 12

12

Money and Markets

NEW MOTOR-SHIPS.

FAST TONNAGE ON NEW

YORK-ORIENT LINE.

AMERICAN COTTON.

THE HONG KONG DAILY PRESS, THURSDAY, MAY 22, 1930.

Messrs. Pentreath & Co, have re- ceived the following report from Hornby Hemelryk & Co. dated Liverpool, April 22:-

The market is still wondering what the Farm Board is going to do, and until the first notice day 25th. inst.) is over in America, the uncertainty will continue.

Our market

Me. Edward Danks, General Agent at Hong Kong for L. Everett, Tat., Oriental agents for the Ruose. valt Steamsinp Compang, which line are managing operators for the American Pioneer Ling has

experienced last received cable advices from his week some heavy spot sales. A principals that on the Hong Kong-large proportion of this cotton con- New York run of the American sisted of staple descriptions (Egyp- Pioneer Line their services will be tine. Soudan, Peruvian, etc) de nugmented by the additional fast stined for America, and every motor vessels Wichita, City of El. effort is being made to get this cotton into America before the new wbud, and Jeff Davis.

tariff on staple cctton comes into force,

With these three new vessels the American Pioneer Line will be com posed of all fast motor-ships of the -We are glad to note that the very latest type and design, which American Government has almndon- have been thoroughly reconditioneded its intention to increase the im and changed from steam propulsion port duties on laces, lace curtains to motor vessels at a cost to the and plain nets, very good news. U.S. Shipping Board of nearly! $2,000,000 gold each.

39 Days to New York. Mr. Danks further states that in view of the Wichita and her sister | ships having been assigned to the Oriental, run, local shippers from this port will be given a highly competitive service from Hong Kong to New York and Boston rid the Panama Canal, averaging 30-day service.

In addition to the Wichita class vessels there will also be retained S the American Pioneer Line for the Hong Kong-North Atlantie 87; vige the Triumph, Defiance, and Courageous, whose recent record runs to New York have been the occasion of general surprise to local shippers.

The Courageous säils from New For this month, the Wichita in June, followed by the Defiance in July, and with the other vessels following on regular schedule sub- sequently thereafter on the 25th of cach month.

RUBBER REPORT.

Messrs. Hornby, Hemelryk & Co.'s report under date Liverpool, April 18, states:-

The market continues quiet, and values are about d. lower than those ruling a week ago.

The American Questionnaire figures for March, published on Monday, were as follows:-

Consumption: 33,014,tonis, against

32,725 in February.

tons, Lgainst

Stocks: 130,310

Afloat: 63,648 tons, against 63,204

131,748 in. February.

in February

Arrivals: 45,430 tons, against

43,728 in February. The stock figure seems to call for some explanation, as the increase, as compared with the end of Febru ary, is nearly 23,000 tons, whereas the difference between consumption and arrivals is barely 10,000 tons, without allowing anything for re- exports to Canada. Altogether these monthly figures are so un- satisfactory, that they are beginning to be disregarded in some quarters,

Cable advices from America in dicate an expansion in activity" in the automobile trade.

Active steps are being taken by the Dutch authorities in the East Indies to bring native growers in Java nad Sumatra into line in coo- nection with the tapping holiday, but it is, of course, impossible to forecast what success will attend

these efforts.

Stocks: London 72,333 tons, Liver- nool 22,876 tons: a total increase of 1,324 tons.

Yesterday the market was easier on May liquidation. Apparently holders take the view that there is no prospect of an improvement at present, but now that the McKenna duties have been retained, we ex- pect to see more activity in the home trade after the holidays.

Close London last night:-Spot 7.5/168., July-September 71d., Octo- ber-December. 7id., January-Decem- ber 1031 8jd.

Our New York correspondents cabled last night that the market seems to be marking time for the moment. Decreased shipments should result in renewed specula tive, interest,

REPARATION'S. BANK'

--SALARIES.

Baule, May 13.-The

annual entury of the president of the Board of Reparations Bank, Mr. Macgarrab, has been fixed at a quarter of a million Swiss francs, while that of the vice-president, Mr. Frasera, at Fri. 200,000 M.

Bank's Inernays, the

general- manager will be paid Frs. 150,000, "while the directors will each receive are annual remuneration of Fre 100,000. The clerical staff will be paid according to the League of Nationsutbrenting din

The crop news is on the whole. favourable with the exception of parts of Texas and Oklahoma where

nin is urgently needed.

IMPORTS-PRICES

CURRENT.

The reports and prices are published as supplied by Importers, sad the Chamber cannot accopt responsibility for the accuracy thereof.

LEADI

D.M., Spot

-

DAILY SHARE

Super

HONG KONG STOCK EXCHANGE.

QUOTATIONS. British. per pical $16.80

10.00 IN

To arrive Australian—B.H.P., Spot

TIN FLATKE

To arrive"

English 1.C.W., 20" x 14",

100 lbs. Spot.

པཱ

English 1.0.W., To arrive English I.C.W., 193" x 14",

110 lbs. Spot English I.C.W., To

QUOTATIONS.

SHAREBROKERS ASSOCIATION..

Seller

Balee Kamioni

WEDNESDAY, MAY 21.

Dayan Ballers

16.20 14.50

per box 12.20

81,410

13.10

13.50

13.70

Continental.

£121

#125

***

American I.C.W. (Spot) 20" x 14"

100 iba..113 sheets por box...Noātocka American 1,C,W. To arrive 20° x 14"

100 lbs. 112 skeets... per box $15.90

Petroleum Products.

WHITE ROL BRAND COMET BRAND Cock Eagle Brand

+

ז'

British.

$3.15

...per case $5.78

1.180

5.50

*H

ม

5.53

2 tina 5.20

3400 $930

и

...per bulk 4.80 SOCENT Moron, GASOLENE..... per case 7.00 (** Glass" prica reduced 2 cents. per. unit on 3/6/30). SILVER LIGHT

5.50 ... *** CROWN BEAND... 68 Iba, per 2 tins 6,20 9 í gulle. 08 lbs. por bulle 4.60 CROSS BRAND 7 lbs. per 3 tins 4.04 8 i. galls. 71 lbs, por bulk 4.34 LAMP GILAN

per 2 tina 6.10 SHELL MOTOR SPIRIT..

J

رو

$484

Banks

ELK, Banks

FOREIGN MAILS

RADIO NOTICE.

Individuala and Arms are recommended to register their tale- graphic address at the Radio Office. No charge is made for this.«

INWARD MAILS.

$1,440

141

$1,445

***

£184

17th April)

£30

JAPAN

AMOT

Do. (London) £17 Chartered Banka...

Mercantile Bks. "A'

Do.

"C'

Bank of East Asia... $116

366

EUROPE VIGUEZ Letters and papers, London, 24th April, and parcels,

SHANGHAI & EUROPE via,

Siberia (London, 2nd May),

U.S.A. (Seattle, 3rd May), CANADA,]

JAPAN & SHANGHAI

SHANGHAI & WATOW JATL

D

SHANGHAI & ÅMOT

FROM

AUSTRALIA & BANTLA

PER

DUR

Tungo Maru

goad May

Ranpura.

Pend May

་་

...Mantras

Tilava

gord May

23rd May

J

Insurances

Pru. Mainlay...

93rd May

9001 $8.10. 20

Canton Insurance.

Shantung Pisaros

24th Alay

Sith May

$940

***

Underwriters

$3,15

Call

Plaid

North China ...............

Union Insurance ...) $485

Calcutta & STRAUB MANILA

Tabudak... Takudu...

95th lay

20th May

Pi. Taft

26 May

M.850 Yangtaze Insuranon. China Fires

300

**

8353

CANADA (Vancouver, BC 8th May),

0.9.A, JAPAN & Suanghai

Empress of Russia

16th May

H.K. Fires...

$900

'BATAVIA

www

Tjuondari

18th May

SANDAKAN

"

Tjiswong...

8th May

!

$221 Douglasca

U.S.A. (San Francisco, 3rd May),

HONOLULU, JAPAN and Shanahan ...); Tenyo Maru Jaran & SHANGHAI...

19th May

Suwa Maru

30th May

Steamboata

$25+

543

Indos (pref.)

540

Do. (def.)

98/9

Shell Transports

$50 $80 95/-

6.9.A. (840 Francisco, Rod May),.

Hozoluzu, JarAN & SHANGHAI JASAN

***

Pria, Harrison Sydney Mary

312 May

5th June

Water-

er-boats

244079

$980

***

#

Shipping

$261

+++

***

$33

рет слаб 7.00

pez 2 ins 6.76

par bulk 6.25

per gallen (ex pump), 0.70

5.80 7.00

per case 5.50

871

N

.41/3

•

per gal ex pump 0.75 Goals QUUTATIONS.

$16.80

Nut Coal

16.0J

$21

Raubs

No. 2 Lump

13,00

21/-

Tronoh Mines

No. 1 Slack

10.00

39

10 10

SCALE Yi Foo

++

20, contained TEXACO MOTOR SHIKIT

The Washington Department of Agriculture reports that ginnings

March up to the 2,821,000 bales of untenderable grades ns compared with 2,539,000 bales in the previous crop

The price is reasonable, but so many factors are depressing the market at present that, as we have said for the last three or four weeks, the market looks like a see- saw alair for the time being. Should. however, the political situation in Indis clear or should we get any bad crop news, market is ripe for an advance.

the

Egyptian Cotton. According to the Egyptian Gov- crament, ginnings to the end "of March totaled 7,666,315 cantars, compared with 7,475,500 a year ago.

EXCHANGE RATES.

(BLITISH WIRELESS SERVICE.]

RUGBY, May 30,

123.05 4.58

Paris

New York Brussels Geneva Amsterdam Milea

KAIPING-No. 1 Lump

No. 3. Slack

Flour MARKET-Vory woak. QUOTATIONS!

اول

for$

American Patont per sack 430-4.50

Straight... Cut off Australian No. 1 Canadian Cut of

$175

$178

8.25-3.70

86.10 $6.10

12

3.30-3.70

144

19

8.00-4.30

3.16-3.30 T.S

Straight Mixture ... 2nd Clear...

2.90 3.80

American ... Canadian ... Australian...

STOCK!

8.10-0.20 T.260

$50,000 bag- 180,000 20,000

750,000 baga

Sundries.

WINDOW GLAS8-

Fair average sizes

1/16" thick ift

per box 36.41

H

51

11:

!!!!

Mining

Benquets....

Kailans***

T13.10 Langkats (comb.)...

Do. (single)

TW

T1.15 Explorations........

T5.65 Shanghai Loans....

Docks, Wharves,

Godowns, sto.

Providents ...... H.K. Docks

P133 "Shanghai Docks

New Engineerings

1814

T.14

T.8

T.L

T.3

$21

10/3

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 am registered and parcel mails are closed at 5 p.m. on the previous day,^.

FOR

PEE

Somerville

Orever... Wing Wo... Hydrangea

DATE & TIME

Thursday, 22nd,

10.80 AN 10.30 A

10.30 AM

130 r1

3,00 z

Tacoma

3.80 r

Friday, 23rd,

Kanpura ...

8.30 a 2.

Anotch

Lungo Mürü

... Asungchuw

Haigung....

!

Shanghai & EUROPE via Siberia

Amoy Formora via dwatow

Deli Muru

Straits.

A.K. & K. Wharts..

+

26.05

$191 $6.10

Fort Bayard

Bwa.OW...

....

$41.

Mazila

T.132

T8.30

Hongkews

J

Cotton Mills

1-44

shanghai, "Japan & "EUROPE via Siberia

Wet Hai Wet via Byator and Foochow Japan

201

$13.90 $13.90

Ewoe

1813.00 right

Koibow ... Swatow, Amoy and Foochow

1.86

S'hai. Ctons (old). T.85

***

The

Ни

T.85 To

Do.

(new)...] T.84 Zoong Sings ......... T.101

Landa, Hotels and

Strale, Cylon, lila, Maantius, E. & S. Airica, Aden, hgypt anUROȚă via Mar de Mazwailies, 20th Jana)

Afatsz...

Buildings

H.K. & S. Hotels

$33

382/3

***

H.K. Lands

$14.85 312.95 12.86/.20 883

883/1

1.272

S15h

***

TAL

$10.90

H.K. Realtys.........

Shanghai Lands ....

Amoy

$107

Manila

Autori cres. Moninley

315/

Humphreya

$15

$98

Chinese Estates

Public Utilities

Bangkok via Swatow ... Swatow, Amoy & Formosa

Kaying Uusion Maru

820.70

Shanghai

Hakusan Maru.

***

***

129

$80

$147.

11

15.03 31280 $19.90 18.80/90

China, India and Straits Produce, SUGAL

Java Rough White...per picul $0.80-7.25 (Reported sales 47,028 pienis. Spot, Java Bough White...per picul 37.18-7.19 (Reported sales 4,796 pienia. July/Aug.

shipment from Java)

(new)... $5

886

Tramwaya - 820.40

Peak Trams (old)... $12

Do."

Star Ferries

C. Lights (old).... $98.80

B.K. Electrics

blacno

do.

Sandakan Lights........

814. Telephones) $14.

Do.

(new)......823.50

Tungu

FAR

191

traits, Ceylon, India, Mauritius, E. & 8.

Atrics, Egypt & EUROPE vis Mar- Perseus — seille Mareilles, 27th June)

| Japan, Canada, U.S.A, C. & S. America ABULA IE via Victoria, BC.- dae Victoria, B.U. 19th Juni Shanghai and EUROPE vis Siberia Amoy

442

Swatow, Amoy & Foochow

9.30

1.30 A

1.007

Kowloon P.U. Parcela

4.30 r m

| Keg-24th,9.00 AN Letters 16.00 ▲ w G.P.O,

Par., 23rd, 5.00

Rog,,24th,9,45 à » Leitar 10.30 ▲ »

Saturday, 24th,

10,80 M 10.30 A

Sandsy, 25th,

9,00 A 9.00 AM

Monday, 26th,

10.30M Kowloon P. O. Rey, 1.00 M ...Letters 1.00

G.P.O.

Beg. 1.45 P Letters Parcels

34.81

23.13

-12.083

92.72.

$50.60 20.70%. 40

Berlia

20.37

Stockholm

18.111

Copenhagen

18.18!

Qalo

15.161

Vienna

34.463

Progue

164

Java Fine White ... per picul $9,13-8.23 (Reported salus 5,070 picals. Spot) Jara Rough Brown...per pical 16,68-8.95 (Reported sales 12.20 picula. Spot.) Java Molasses... per picut 35.50-5.83 (Reported sales 2,163 piouls, Spot.)

811

86.10

8231 $231

$86 4854

281130

$90 $80

Helsingfors

$23

180 F X

193

3,00 PM

Madrid

Lisbon

30.55) 108.241..

Athens

373

FORDS NOT BUYING BANK STOCKS.

Bot

Pres.. Taft

Rog.

413 PM

T.19

China Buses .............

Lettars

5,00 2-

Bucharest

818

10/-

Tractions

Heg.

5.00

18/6

Da. (pref)

Pros, Taft.

Letters

8,00

Rio

Buenos Aires

43 1/18

DENIAL OF WIDESPREAD.

Kanchen

3,00 PM

Industriais

Bombay

1/5 13/16

Tuesday, 27th,

Shanghai

1/10

T10.70

Caldbeck, (ord)

கார்

1751

T.1

Macgregor (pref.)

Manila

Hai Ning... Emp, of ituri

2.00%

8,30 M

Yokohama

2/01

$2

Canton Ices..........

$21

19 13/16

$16.40

183

Comenta (comb.)...| $16.33

Do (old)...[

$16.40

Widnesday, 28th,

(*)

Do. $41

(new)...

been buying stock, in the National City Bank.

"Haihar, Pakhoi ad Haiphong Swatow...

8.30 A

9/8.90

Ropes

$9

**

$1.10

China Sugars -

Åmoy

8.30 a M

1,50

5,302 M

"The Fords are not buying bank stocks anywhere," declared a state- ment.

€27

:**

56

++

Chichibu Maru

Beg. Let, 29th, 8.30 a m

6.50 22

Mr. Henry Ford's antipathy to banks and his distrust of bankera

Hong Kong

Silver (spot) Silver (forward)

DROP IN AMERICAN EXPORTS.

[UNITED PRISS.}

Washington, May 18.-Exports of the United States for the month

RUMOURS.

UNITED PRE93.]

Detroit, May 14.-Messra Edsel

and Henry Ford, to-day," denied $18.85 widespread rumours that they had 311.10

63

is well known, having had striking 26.70 $96.85 demonstration some years ago when

of April amunted to a total of he extricated himself from a diffi- G8343,000,000, which is a drop of cult financial post-war situation more than G833,000,000 under the by nation-wide financing among his total for the month of March, the dealers, rather than "place himself Department of Commerce announc in the grip of the bankers" as he

put it.

ed to-day.

AMERICAN STOCK QUOTATIONS.

LATEST WALL STREET PRICES.

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

Tone of Market.-Irregular.

No. of Shares done.-3,500,000.

"Call Mõney:-3 per cent

American Smelting

Anaconda Copper -Baltimore and Ohio

Borg Warner

$1

4068

$1,70

$18

Malabon Sugara

United Asbestos

Miscellaneous

Dairy FarmB

Der A. Wings.....

Amusementa

Constructions

668

Nardakan

bhanghai, Japan, Honolulu, U.BA, Uanada, Central & South America, and *EUROPE via San Francisco→→→→ des San Francisco, Leth Jaue and

EUROPE via diberis

Chengtu Hangsang Hinang Tanan

$267

$30

$1.70

Japan

生

$4

Caloutis via Straite

$370 Lane Crawfords ... $37.6

$12

512) (312.40 || $IRI

*

prem

Mackintoshis.........

Nauyang Tobacco...

d) 811.35

mapema medieva{$12.40

$21

Watsons) 82.85 W, Powells

B. Ind. G.8 Bonde... 182 H.K. Govt. Loan .... $108

14%

LOCAL AND REGULAR OUTWARD MAILS.

WEEK DAYS. " SUNDAYS & HOLIDAYS

Fxox G.P.Q.

FROX SHEUNGWAN BRANCH PO

FROM G.P,0.

Frox BEZUXOWAK BRINOR 8,0.

(7.15 am, &}\¡7.30 1,01;* 16.00 pzzz 17.00 p

£7.15 a.m. a) (7.30,

6.00 pm

7.00 puz Bandaya Sundays (5 p.m. only}" | 7,00 pm.

only

NEW YORK, May 90.

Canton

Last Dividend.

Latest Bales. 70

59

(7.15 min. &) (7.30 am, &

114

35

Macao & Tsinahaa

€7.15 am, &} § 7:00 auz”

116 pm.

1:15 pm.

11.30 pts.

Sunday:

8.154.m.

3

only

20c, A

None

8B

Kongmoon (except Eaturdays) · 6.00 p.m. Kaukong (except Saturdays)---

8.00 p.00,

5.00 p.ta

6.00 p

6.00 p.m.

Electric Bond and Share

BC

None.

Fatahan (By Train)

7.is am.

7.16 am.

General Motors

TALO

General Ry. Bignalskuranean span,

5

Tai Fo

Chrysler Motors City Service Common

Curtis Wright Common

Eastman Kodak

Erie Railroad

Gold Dust

Goodyear Tire and Rubber

Granby. Consolidated

Hudson Motora..........................

International Cement e

bräutionai–Nickel

ww employer whose calories-itgomery

We based upon the local scale. It has also been decided to ignore the precedent established by the Len- rue where certain percentage various nationals are employed. Applicants will be engaged not on the basis of nationality but in con sideration of their qualifications.

Ward

Nevada Consolidated Copper..

Radio Corp....

None

Sears Roebuck & Co.

21D

Simmons Co.

32

Standard Oil Co. of New York

1.60

Union Carbide and Carbon.

2.60

U.S. Rubber

None.

28

United Staton Steel

-100

Missing.

9,00 m,

9.00

110 am.

(11.00

Shumchan

Chesingola

9.00 a.. (9,00 am. &

3.00 pm

1 9,00 mm, kj

3/00 p.m. (12.80 p.m.

& 4.30pm. Haturdays 1.00 p.m.

8.30am.

{& 4.30 p.a.)

Aberdeen

Stanley

100 pa

Autan, Pingshan, Santia,

Bhati, Shataukot and

8,00 p

Bheangahul

8,30 0, 4.00 p.10.

10.30am.

-4.30 P

Balkang

480 p

Namatan, Shokki &

700

(Fanin)

1,80 Bundays. 8.80 3.1 Lonly

6.00 pm

$7.00 pu

Swatow, Amoy & Foochow

Birits, Ceylon, India, Mauritius, E &; South Africa, Ader, Egypt and { EUROPE vis Maraviles-dua Mur. soilles, 20th June

Patrocina

Yuensang Haiching...

Burca Maru

Thursday, 29th,

10.30 AM

Friday, Both, Parcels Noon 1Letters 1.00 P

1.00 M Kowloon P.0. Beg. 4.50 M -Lazzar 4.30 M

G.P.0. Beg." 5,00 Letters 6,00 M

Thursday, 5th,

Manila, Australia (except Placas North of Townsvilla) and New (zenisku va ... Erisbane ne Bisbane 19th June

Sydney Maru..... (Begn

Lettora

416P 5.00 M

'buperscribed correspondence only.

FACTS AND FIGURES

For the Busy Business-Man

interested in Hong Kong and.

South China. The Weekly: Press" (price 30 cents) will mailed for a year to any place.

in the world for Sr Specimen

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