1930-06-30 — Page 12

12

Money and Markets

"NOT CONCERNED COMPANY MEETING. OR INTERESTED.”

STOCK EXCHANGE, REPLY

TO CHALLENGE.

SCALE OF BROKERAGE TO REMAIN.

a reduction of the

| MESSRS. WILLIAM POWELL, LIMITED.

SLIGHT LOSS ON YEAR'S

WORKING.

The annual general meeting of Messrs. Wm, Powell, Ltd., was held Arising out of the article which on Saturday when Mr. M. Manuk appeared in our issue on Saturday,secupied the chair. During the announcing

course of his speech, he stated that scale of brokerage on share desista regretted to report a slight loss charged by the Stare and Real on the past year's working, but he Estate Brokers Society of Iions felt sure those present would agree Kong, a "representative of the with him that the period under re- Daily Preas interviewed several view had been a very trying one. prominent brokers in connection

The chairman also announced the with the statement made by Mr appointment of Mr. Hubert Overy M. Fernandes, secretary of the as Managing Director of the Com Share" and Real Estate Brokerspany. He paid tribute to Mr. Society..

Overy's long and faithful service with them, and mentioned that he was sure shareholders were pleased with the announcement.

The Chairman of the Stock ox change, Mr. Joseph Gould, inform ed our

representative that "ebe Stock Exchange is neither interest- ed nor concerned in any outside organisation."

The Chairman of the Hong Kong Sharebrokers' Association, Mr. A B. Carroll, said his Committee not very much concerned about the new move.

Were

were

HONG KONG DAILY PRESS, MONDAY, JUNE 30, 1930.

ADVERTISING FIRM'S DAILY SHARE QUOTATIONS.

HONG KONG STOCH EXCHANGE.

SHAREBROKERS

ASSOCIATION.

The third annual general meeting of Millington, Limited, is being held to-day (June 30) at the firm's offices, 110, Nanking, Road, Shanghai. The annual report and accounts for the year ending March 31, 1930, have been issued.

PROFITS.

| MESSRS, MILLINGTON, LTD., SHANGHAI

Buyers

Beliare Balms Nominal

SATURDAY. JUNE 28.

Buyers Sellers

Bales Nominal

Banks

$1,530

A.K. Banks

$1,525

2104

216

Do. (London) Chartered Banks...

£16

**99

Mercantile Bks. “A”-

£12

$121

Do "0" Bank of East Axin.....! $117

FOREIGN MAILS

RADIO NOTICE.

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

GENERAL HOLIDAY,

On Tuesday, 1st July, the G.P.O. will be open from 8 am to noon,

· KowloonFost Office from 8 am to il xm, and other Branch Post Offices from Ba.m. to 9 s.1.

Thare will be one collection from the pillar boros, ons delivery of ordinary correspondence, as on Sundays, and one delivery of registered carton- fundenos at 9D,

The Money Order Office will be entirely closed.

اشور

INWARD MAILS.

Insurances

From

PER

Dux

$350

$953

#MH

$950

Canton Insurancés..

$950

Underwritin

*་**

$2.75

North Chinas, ......................

T160

U.S.'...., BOSOŁĄ LU, JAPAN ANĄ ŠILANDRATS

Union Insurances .........

$450

M850 Yangtaza Insurance.

$60

China Fires

$400

(San Franciscy, 5th Junej and Eusers vis Diana (Loudon, 18th Jun). SHANGHAI AD Amor

***

$34

$43

Indos (pret)

Do. (det) wr

95/.

Shell Transports

$32

Wator-boutsama

H.K. Fires

Shipping

Douglases Steamboatser

0968

JAPAN...

***

saran aid SHANGKAL . Jarax

***

***

MANILA

AMOT and SW.TOW...

Vagawa, USA, Honolulu, Japan sed SHANGHAI (Vancohver, M., 19th June JAPAN ABIBANGUI A.Ralla and

Pres. Madison

Liangchow

Porthos

Bi. AkMms Tymanorė

•

**

ME

-30 h · Jua

32th Juna

Kamakura Maru

30th June

-

-

In July 2nd July

2nd July

and July

Amp. of Canada...

3rd: Jaly

Aarmata...

sllore

4th July

7 July

14

The profit and loss account shows a balance carried from working ac- count of Tls. 43,444,07, and after charging against this the various items shown, there remains a net profit for the year of Tis, '23,170.97. This amount, added to balance at credit on March 31, 1999, makes a total of Tis. 29,036.77.

Out of this the following appro priation was made:- 5 per cent. interim dividend. Tls.. 4,022.30, leaving Tls. 24,014:27, which amount the Directors recommend to be

treated as follows:-Pay a 10 per cent, final dividend Tis. 8,045.00, Tls. and carry the balance of 15,969.27 forward to the current year's account..

The following condensed balance. sheet shows the position of the com-

The Report and Accounts. In proposing the adoption of the report and accounts, Mr. Manikpany's affairs at the end of the

Baid:-

Gentlemen:-The report and ac counts having, been in your hands for the prescribed period, I will, with. your permission, follow the ascal procedure and taken them as read.

It is regretted that the accounts before you show a small loss for the

The head of a very old-establish- ed firm of brokers told the Daily Press that the scale of brokerage of both the Stock Exchange and the Sharebrokers' Association based on the half per cent. prin-year, but I am sure you will realise, ciple. While it benefitted the broker in some ways, it, benefitted the client in other directions. The example of Underwriters," anid this broker, "was an extreme instance.

Stock as certified by the manag- If you take the case of a stock like Hong Kong Lands, you will, finding director has been valued at

that we are only charging 35 cents, which is considerably inss than half per cent, which would be 42 centa

Up to 800,99 per share.

we

as it is generally realised through- out the Colony, that conditions dur- ing the year under review have rendered trading difficult, more so in fact than preceding years.

cost, and depreciated where neces-

sary.

Mr. Oyery's Appointment. Your directors have been pleased charge 35 cents, which as you can to appoint Mr. E. Overy as aer is much less than half per cent." | Managing Director of the company, This broker concluded by saying and I have no doubt that this oc- that this Exemple, "put the lid" tion will be endorsed by you with- on the argument that the half per out besitation, especially having cent schome had been introduced in regard to the long, faithful and the interests of the public.

loyal service which Mr. Overy has rendered to the company.

The motion was seconded by Mr., H. E. Scriven and carried unanim-

Another, who has an extensive knowledge of conditions in Hong Koug and Shanghai, told our Ye presentative that in the northernously, pert there was recently formed an institution (which did" away with brokers by putting clients in direct-

J

Other Business.

The re-election of Mr. S. J.

contact with each other. "I have Jordain was proposed by Mr. H. not heard," said this broker, "that long queues are formed outside the Burson, and seconded by Mr. H.

doors of this institution every Overy.

morning waiting to avail themselves unanimously. of this free-of-brokerage offer, or that the foundations, of the Stock Exchange in Shanghai have been Fleming were re-elected auditors, shaken since this institution came upon the motion of Mr. D. M into existence."

Goodall, seconded by Mr. A. Ribeira.

Yet another broker interviewed on Saturday said that the scheme could not benefit the public, a Supporting the Chairman were,

thero appeared to be nothing to regulate prices. "If the brokerage i mall" be explained, "the price can be raised slightly, so that int the end the broker obtains the same amount."

Mr. H. Overy (Managing Director), and Mr. F. E. Skinner (Secretary). Others present were Messrs. A.

W. Brown, D. M. Goodall, H. Bur-

financial year :---

Iabilities.

Share capital issted ...880, 450.00 Superannuation fund.... 4,367.93 Sundry creditors Overdraft at bank Reserve fund, against

goodwill

1.160

$400

$24

T1.30

1.64

THIERR Hilig!

$175

$39

45,047.20

3,999.92

T.2265

5,000.00

Unclaimed dividends Balance from proft and

125.00

"

7.13

94,014.27

Assets,

201

$30,000.00

losa

Goodwill

Investments, and ler

boardings

26,990.20 Hoardings, curtain, etc. 3,382.33 Delivery equipment and

stocks

829.99 Furniture and fixtures..... 8,037.19 72,488.43 405.04 1,470.44

TIN PLATES:

****

Mining

Benquets...

$9/8

Kailans

7.9

Shanghai Loans.... Raabs

Langkata (comb.) ......

Do. (single)...) Explorations..........

T1.30

T.6

#1/

Tronoh Mines

***

Docks, Wharfe,

Godowns, sto.

HK & K. Wharts. $175 Provideats..............

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

T.130 Shanghai Docks... T7 New Engineerings

Hongkews 027240)

Ootton Mills

!

B4/- T13.10.

1.7

21/

$177 85.70-

$39

H1

T.132 TS.30

OUTWARD MALËS,

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 balors 9 a.m, régnatored andi parcel mails are closed at s'p.m. on the previous day,

For

PER

Dark and Tr

*

411

Snatow ... Jajna, monolnin, 0.8CA, Canada, "Ú, and,

3. Amarıca and "LUKUPE via” can Francisco-dua ban Francisco, 23rd July J Shanghai and EUROPE via mbarik Ainoy

Hydrangea

Free Cleveland

..

Monday: 30th, a

5.00 Carvels 3.

dery

Ires, Clevelanders Bu Sang...

A

45 M

SLU P

0.00 P =

0,00 F

JOLY

Londay) 18,

4

Tjkulak

Portius.

Vigo AA Amuloom 2.0. Hay JUA M ...Lettera 10.ws.

||Reg.

MALAIK

is

Kamikorų Mara Lonkin Hatching

Noon

103, AM *Noon ADOS

Wodnesday, and,

Ohakaang

Bby other Taiguan

Batavia...

Ewos

T12.90

1.88

S'hai. Cront (ölí).....)

Do.

(WAW)...]

1.19

Zoong Sings

!!!!

T.85 T.84 T.10

இMரட் கடிக்

سالمانيات

Lands, Hotels and Buildings

$12:35 -3121

1885.65

T.:85 $9.85 $9.90

$16.60 Humphreys

308

$10

HK. & S. Hotels H.K. Lands Shanghai Lands H.K. Kealtys......................

Chinese Estates Chia. Entertainm'ts.

Public Utilities

(312.40)

$9.90

ungu

kjema, “Dimila, Cayron, india/katrine, Airion, Adan, Unufa'va Marseillon - due Maseries, 2nd Aug,

Buraits, East Africa via Mombaan aɛdį

South Africa vs Lourenco Marqaus: Fort Bayaru, cow, Parhoi sad klaiphong SWATON, Amoy and Boosbow

'3164

Svator...

Cebua

Alvy

Shangha, Japan,

Sundry debtors

Deposits.....

Advance Payments

Tis. 162,903.02

$20

90.60/1

Tramways

20.20/160

$15

85.65

$841

Peak Trams (old)...

Do (new)... $54 Star Ferries"

$27.70

English I.C.W, 30o x 14,

$231

100 Iba, Spot... per box 16.20 15:30 English ICW, To arrive 15,40 - English LC.W., 1837 x 147,"

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

$801.

8801/3

811 $194 $28

10/

18/8

C. Lights (old)... $87)

16. HK. Electrics

Stacuo do,

Sandakan Lights Telephunes.

Do. (Fully Paid) China Buses...... Tractions,

Do.

(pref.).....

Industrials

919

(new)......

8231 8:04

$80 81,80

6/9

." 16.00 15.30

18.50 Continental. American I.C.W. (Spot) 207 x 140

100lbs., 112sheets per box...No stucks American 1.C.W., To arrive 20x147

100 lbs., 112 sheets... per box $18.50

Petroleum Products,

WHITE ROSE BRAND CoET BRAND Cocx

EAGLE BRAND

SCALE

IN FOO- Texaco MOTOR STILIT

British. ...per casa $6.09 0.49

son, H. E. Scriven, A. Ribeiro, KAPING-No. 2 Lamp per ton Leung Po Shap, and Yip Fook

J

No. 1 Sisak No, 2 Black

Flour MARKET:-Strong, but with only small

Sales. QUOTATIONS I

"Hosolmin," UBA,] "Unanda, Genual and south America, į

and *EUROPE via San Francisco- Asa Haru dus dan Francisco, 24th July, and ( ***KÜKOPE via diberia

***

.146

D

5.00 PM Anuraday, Ed, Letters 4,3J A X

#

0.43

The motion was carried

Messrs. Percy Smith, Seth and

9 tins 6.10

*13 ... par bulk 6,50 SOCONY MOTOR GABOLİZE..... per case 9.10 BYER LIGHT

por caso 6.49 $10.80 GROWN BEARD 68 lbs, per ftina 6.10 ài galls. 66 lbs. par bulk 5,60 Cross BRAND 71 lbs. por 3 tina 5.84 8 L. galls. 71 lbs. per buik 5.24 LAMP GLASS

por 3 tins 5,98 (Benzine prices advanced $1.35 per unit as from 26th June). SHELL MOTOR SPIRIT...

per case 10.85 per 2 tina 10.10

$I$19.65) 18.30, 40/1

#10

$1

$5

11

T.11

Caldbeck, [(onl)

Tlu 821

Macgregor (pret.)|

Canton Icas ACCOUNT.

Cement (comb... $12.50

Do

(old)...

19.94.7

... 812

Do. (a)....

Beihow....

Manita, Australia (except places Boath of "Tunnavikaj súd *yew Zealand via Thursday Imand -- due Thursday

·la.and, 19th Julg

Swalow, Amoy nad Fooohɔw

Van Houter

Emp of Uunau........

Kuriyang....

St. Albans

Parcels

shuruang, Srd,

JAN

ruday, 4th,

11.00 M

Noon

Leg,

1.45 F

Uskrs

་་

Huiyang

UPM

"Strasse, Geylon, Jadia, Sinüritlus, E, an1 8.

Atrics, Auen, Bg3p, and, BUKOTA via; Kormaks Marronemedys jumeroines, 3rd. Angust/

Kuubans £0.

Chicola

|[mogų Šthị Stuur aa

Loti AZ, a m

Įrac, 4th, 6,00 2' Hey, Ola, v.45N

Letita BU

Ropes

$10.80

China Sugars......

827-

Malabon Sugars

3x9

United Asbestos...

Miscellaneous

Shudakan

$55,60 || $25.9

Dairy Farm.....................) $25.76| $26

$1

Der A. Wings.........................

$25

Amusementë ...........................

$26

par balk 9.60

$1.00

Constractions ......

$1.80

dirsite and Caloutis

Shanghai, Japan and *EUROPE via Biberia

140240, Australia and New Zealand na Hrabangaue Brisbane 19th July

dalarday, 8th,

Siberia Mari

& M Log. 4.35 I M Brisbans Martiore 5.00 1 M

Banday, 6th, 9.00 1

L'as day, 8th Parcels Noo Latters

1.00 M

Aluring...

+

per gallon (ex pump) 1.15 per case 8.49 #4.20 9.10

$18

Jane Crawforda. .....) Mackintoshi

83,20

Hratow, Amoy and Foòchow

Kutsanj Hai Ning..

2.00 r

84

Bolson F.U.

por gal, ex pump 1,00 Coals. QUOTATIONE.

***

13

straite, Ceylon, India, Mauritina, E. uni 1 Ainom, Egypt and KUBOPB via Marlins-uwe Alarseilles, Otla Ang.

Hector

Lloy Letlen

4.20

$12}

Blog

4,80 P

6.00 x

$13.00 1140 1060

100

Amoy

I'msang

Letters 6,00 P

BLO

91% prem.

Wednesday, 9th,

Sratow

Waishing

-8.30

*Superscribed, correspondence only.

CONSIGNEE NOTICES.

THE LAST ASIATIC CO., LTD., COPENHAGEN.

Last Dividend.

Latest Bales.!

30

50

101

25

Joints

19

Missing

Missing

THE Motor Versel

JAVA

karing arrived. Consignees of Cargo hereby informed all Goods

CONSIGNEES" NOTICE. THE BEN LINE STEAMERS, LIMITED.

· From MIDDLESBRO', LONDON AND STRAITS.

The Steamship * BENALDER.""" NONSIGNEES of Cargo

being unded, and placed at four risk Cuformed that of foods are being

ints the hazardous and/or extra hazardous landed at their rink into the hazardogs. Godown of the Hong Kong and Kowloon and/or artan hasardons Godowns of the. Wharf and Godown Co., Ltd, where Hme KoNG AND KOWLOON WHANY AND Dobar can be obtained as soon as the Como Copart LD, thence, and/or Goods landed.

from the wharves

Daiftery may No Claims will be admitted after obtained wil

be admitted after the

the Goods have left the Godowns, and f

No Claime

all Goods remaining undelivered after | Goods have left the Godowns, Rad" all

the 9th July, 1980, 4 p.m... will be Goods remaining undelivered after the subject to Bant

a.m.

6th July, 1930, will be subject to Heat

All Claims against the Steamer must

All broken, chafed and damaged Goods sure to be left in the Godown, where, be presented to the Undergoed un they will be examined by Mears, Ander before the 26th July, 1986, ax they will

be son as Ashe on the 6th July, 1230; at 10 | not

recognised. All broken, chalad

famaged Goods and All Claims against the Vessel must bear to be left in the Godowas, where presented to the Undersigned before they will be examined on the 6th July, the 9th July, 1930, or they will not 1930 at 10, hy Mesure, Goddard be recognised.

Douglas,

kua been effected. Bill of Lading will be countersigned by GLEE, LIVINGSTON & Co., LTD., Agents. Beng Kong, 28th Juan, 1950: (9593

No Fire Insurance will be effected Bills of Lading will be countersigned by, JOHN MANNERS & CO, LTD.,

Hong Kong, 29th June, 1930. (9592.

Members of the Stock Exchange and Sharebrokers' Association gen- erally, having had time to think Ling. the situation ovor, do not appear. to be very concerned over the move. It is clear that in à few cases the half per cent. is lower than the Stock Exchange scale of brokerage, hut in other cases it is slightly higher.

EXCHANGE RATES. ·

[BRITISH WIRELESS SEVICE.]

Recay, June 23.

IMPORTS-PRICES CURRENT.

The reports and prices are published as supplied by Importers, and the Chamber cannot accept responsibility for the accuracy theroof.

Motala, Market strong, but stocks not heavy.

QUOTATIONE BOX AND STICHE

Continental Stoel Nail Beds... per ploul $7.60 Btool Bars

++

#

American Patent ...per sack $465-5,00

}

Straight...

3.55-3.95

"

Cut on Australian No. Canadian, Cot off

8.00-4.30

4.15-450

H

3.45+3.65

"

Straight... Mixture....

**

Zad Clenz...

STOCK

American Canadian Australian...

#

3.25 2.15

8.40-3,50

800,000 bags 100,000 15,000

por box $7.00 17.00 China, India and Straits Produce. $0

Paris.....

193.70

New York

» Angles Bods

6.50-0.60

0.00

Bundriss.

4.86

7.40

Brussels ..

34.89

Sheetz

514

Geneva

€.20 8.50-11.25

25.075

Milan

02.77

12.094

20.40

Plates Swedish Bars Small round rods Hoops, black steel

WINDOW GLASS

Fair average sizes

1/16" thick

7.75 18.00 7.40-7.50

18.09

galvanized

18.10

IS.15.

34.433 1034

Amsterdam Berlin Stockholm Copenhagen

Oslo Vienna

Prague Helsingfors Madrid.

Athens Bucharest

Rio.

Buenos Aires Bombay

Shanghai

Hong Kong Yokohama

Silver (spot) Silver (forward)

183 1/10 43.20 109.23

375 812,

5-17/32 40---

1/6 13/10 1/58

1/3

2/0 13/29 15.15/16 IMA

9.25 16.00 „Discount 78% 0. & 1.

Black Tubes / Galy. Tabes i?” Wire Nails, 18

... per picul 9.50-10.20 Galvanized corrugated shis.,

24/20...

...pur 100 lbs. 24€$11.00 Galvanized flat sheets, 1/82",

1/0

...per 100 lbs. 26 €$12,00 Galvanized 3/32#14'x9' por lb. $15.75 Gaiv wire, 18/29 per picul

-15.60-1800 Brit. Cont. par picpl $17.00 $17.20 To arrive...

17.50 Australian-B.H.P.,

Spot

TRADIT

BM, 8pot

18,00 17.50, 18.20

$66,00

TO ACTIVE" English Yellow Mutal

Sheets...

per pleal Zinc Sheets 8 x'4'

(ชม 700 พาน 30 pony)

Java Bough White...por pical $8.00-8.88 (Beported sales 26,132 picais. Spot.) Jara Rongh White...per picul $7.60-8,03 (Beported salos o picals. Jane

July Shipment from fata.) Java Fine White ... per pical $7.68-843 (Reported malas 8,382, piens. 8pot.) Java Rough Brown...per pical $7,13-5,68

(Reported sales 8,910 picula. 8pot) Jays Bough Brown...pex picul$7.10-720

· (Reported sales. 2,640 picula, June

8bipment from Java.) M

Java Molaasos per picul $5.66-5.95

(Reported sales 1,440 piculi,

Nauyang Tobacco...

$11.30 Sinceres (old)] 8114

Do. (new)

Watsons

$2.85 W. Powells

63% B. Ind..G.8 Bonda...

H.K. tort. Loan...

"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," Shangbai), who are not responsible "fur cable mutilations;—

Tone of Market--Firm.

No. of Shares done-2 million. Call Money- per cent.

American Smelting Anaconda Copper Baltimors and Ohio Borg Warner...... Continental Oil...... City Service Common Curtis Wright Commen "Eastman Kodak

Erio Railroad

NEW YORK, June 27, 1830.

Electric Bond and Share

General By. Signal

15

General Motors

Gold Dosta

Goodyear Tire and Rubber Granby Consolidated Hudson Motors '........: International Cement International Nickel Montgomery Ward

21 Missing

Nevada Consolidated Copper.

Spot-)

Radio Corp

None

Bears Roebuck & Co.

2D

Simmons Con

3B

Standard Oil Co. of New York.

1.60

Union Carbide and Carbon.

2.00

U.S. Rubber

None

United State■"Steel"

136

Brighton Corporation is to built 80.000 coast road from Black Rock to

Saltdean, at a cost of £100,000.