12
Money and
Markets
NEW YORK STOCK HONG KONG SHARES.
EXCHANGE.
GENERAL MOTORS
ATTACKED BY BEARS.
IRREGULARITY AT THE
CLOSE
[UNITED FEISS. ]·
New York, June 27-After a firm opening on the New York Stock "Exchange to-day, the bears attack- ed General Motors and U.S. Steel which were under heavy selling pressure, says the daily review of the Dow Jones Financial News Agency.
at 394, General Motors closed which was down 1.from yesterday, Chrysler was unchanged at Packard was, off a quarter to 13; and Mack Trucks was off 1 to 1. U.S. Steel closed off to 185 with Bethlehem down to 751 and Lud-, lum down to 24).
The entire list followed these de- dings. Although many issues ralli- ed late in the session, the general list closed irregular.
Rails Depressed. Rails were depressed, and this was reflected in the Dow Jones average for 30 issues which was off 1.13 in 126.99. New York Central closed at 155. Pennsylvania wis up to 71. Erie" was off an "eighth to 391. Union Pacife was down 2 to 2021. Rock Island was off 2 to 97. Southern Pacific was
I to 111 Canadian Pacific was off 1 to 1885.
Coppers reacted on profit-taking and Anaconda efosed down a half to 501.
Utilities dropped sharply and on
BENJAMIN & POTTS' WEEKLY REPORT,
been
During the past week the local market has been quiet on the whole and the volume of business passing has
comparatively small. With the exception of some of the Favourite counters which continue in request, there has been an absence of buying orders, and rates. with few exceptions, have shown an easier tendency,
Banks.-Hong Kong & Shanghai Bunks have advanced te £100 (Middle) in London, and have local users at 81,330 with uo, ransad tions reported.
HONG KONG DAILY PRESS, SATURDAY, JULY 5, 1930.
1. & C. BANK SENSATION.
ANXIETY IN CÂNTON FINANCIAL CIRCLES.
DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
נו
SHAREBROKERS
ASSOCIATION.
Duyan Ballers
Jai Nominal
FRIDAY, JULY 4.
BuyBellazo தேரேயம் Man!
41
CANTON, July 4. The sensational sudden closing of the Canton, branch of the Indus trial and Commercial Bank, one of the largest and best known of its kind here, is causing a great deal of anxiety in financial circles.
Insurances
FOREIGN MAILS
RADIO NOTICE.“
Individuals and firms are recommended to register their tele- graphic address at the Radio Uce. No charge is made for this.
INWARD MAILS.
FROX
PER
Dus
Brisbane Mart ..
5th July
Eta "July
6th July
Hth July
Banka
[YROM OUR OWN CORRESPONDENT, Į
$1,030
FE. Banks
$1,595
2106
Do. (London) ...
***
£16
Chartered Banks
པ་་
£167
£99
Mercantile Bis "A'
£99
JAPAN..
Do
O
2121
BELMONAI and Swatow
#191
Bank of East Asia 9117
JATA ..
JATAM
CALCUTTA and STmarts
AUSTRALIA and Maniza
33
$950 Canton Insurances..
Underwriters
$900
MANILA
Shantung -
Tudrowa
Perama Maru ... Yuen
Sang
Prox. Madison Nellore
tmp. of Canada..
7th July
7th July:
8th July
PEARAN
$2.76
STRAITE
Uremer
8th July
*
T150
1.180
JAPAN
AN and ShinguAÏ
Terukuni Maru ..
11th July
་་་
**
$450
8450
IN
560
U.S.A. HONOLULU, JAPAN and SHANGHAI
(San Francisco, 13th June).
Prsa, Wilson
19th July
BOU
$460
CANADA, U.S.A., Japan and BuanONAIÍ
B.O., 26th June)... [Vancouver, U.B., Honolulu, Casada, Japan and ↑ SHANGHAI (San Francisco, 20th June Jarak and SHANGHAI
ww
Emp, of Buria
14th July
Pres. Jackson
เบ
14th July
+++
Chenonceasin Montevideo Maru Moraa
ww.
18th July
17th July
19th July
Other banks are more or less affected, as some of the depositors are beginning to lose confidence in them.
Following the Industrial and Com- mercial Bank's declaration of bank- ruptcy last Wednesday, the Canton police have carefully checked its .over cash, which consisted of 88,000 in Hong Kong notes and over Marine and Fire Insurances.—
$100,000 in subsidiary coins and Unions are obtainable at. 9130 after sales at "8445/8447. China Fires Central Bank of China notes. These, are still in request at 8400. Under-together with the furniture of the writers changed hands at $2.00. There are enquiries for Cantons at establishment, have been sealed,
950 and Hong Kong Fires a pending further investigation. 8935.
The police, acting in the interest of depositors, summoned Mr. Cheri Kwok Such, when he was manager of the Canton branch of the Indus.
Shipping -Hong Kong, Canton and Macac Steamboats have fur- ther weakened and were sold at $21. Douglas Steamships have small buyers at 823 Union Waterboats changed hands at 831). "Shell"trial and Commercial Bank, to the Transports have firmed up to 97/6. station and detained him, but he was later released upon guarantee by a hand Aide guarantor to appear at the Police Station at any time when anmmoned.
Docks, Wharves and Godowns Kowloon Wharves after sales at the outset at $178 are easier and are to be had at $173. China Pro- vidents have receded to $54, Wham- poa Docks at 809 are quiet with no business passing. Hongkew Wharves are wanted at Tls. 265. New Eh. sincerings at Tls. 7 are nominal.
Lands. Hotels and Buildings. Hong Kong and Shanghai Hotels were realised again at 81223 and
#12.10 but ended with sellers at $12.13. Hong Kong Landa are
slightly easier and are to be had
Other members of the staff were also interrogated by the police.
Under Government supervision, a balance-sheet is being drawn up. When this is completed, it is be- lieved that the depositors, will be able to get back only about 70 per
a rally recovered a portion of their at 8th, after sales at 883. Hum-cent. of their deposits. lasses, the Dow Jones average for phreys
Estates have remained Realtys are on 20 utilities for the day being off.32 stendy at $10.60. to 70.95 Internationn! Tel. & Tel.offer at $9.95.
Public Utilitive. Hong Kong was up an eighth to 421. American Trans were done at $20.30 and a Tel. Tel. declined 1-to close at
few shares are offering at this 203.Radio Corp. was off 11 to 34. figure. Hong Kong Electrics were Consolidated Gas wis of 2 to 102negotiated at 9791/80. Peak Trams Columbia Cas was off 11 to 81. (Old) have advanced to $12.95, and Southern California Edison was off
probably little more would be to 4.
paid.
Star" Fertica are at $83), The Dow Jones average 'for 30
after transactions at this rate. industrials was of 1.60 to 216.78.
China Lights (Old) are on offer at Eastmann Kodak declined a point to crise at 192., Westinghouse E. & M. $27.70 while the new shares were was off 21 to 1311. General Electric dealt in at $231. Telephones still continue to be a centre of attraction was off 1 to 66. American Tobacco and fair purchases were made up "B" closed down 2 to 2231. Union Carbide was off ball a point to $7 8224 in respect of the 85 paid Hershey Chocolate was off a quar-saares, and $30 for the fully paid terpoint to 88.
Sales for the day
totalled
2,081,590 shares. Call money was
quoted at 2 per cent.
QUOTATIONS.
Market teady.
New York, June 30.
Business done: 688,600 shares.
Adama Express ...
American Сид. ...
Jant 27 28
231 115 116
21
American & Foreign Power
63 631
American Bolling Mill..
American Smalting
& Tal. TeL
A marican
American Tobacco "B" American Waterworks...
Anaconda Cupper. Atlantic Refining
shares.
Arc
CD-
people, especially those of the in- tellectual class, had all their money deposited in the bark.
$400
!!!!
3965
North China
Union Insurances
M.350 Yangtaze Insurance.
China Fires
H.K. Fires
Shipping
Douglases
$24
$24)
$25
Steamboats ********
Indos (pret)
343
$
Do. (def.)-gl
***
$40
97/6 $32
Shell Transporta ****
争取+
W/3
Water-boata merece
$31
18)
في برما لة
T1.30 T.8
*1/*
៖៖
T965
Mining
Langkats (comb.) .......
Banquets...............«
KailansĮTIDOTER
Do: (single)
Explorations de Shanghai Loans
T1.30 T.61
Ranbs
Tronoh Mine...
Docks, Wharves,
Godowns, sie..
H.K. & K. Wharfa.... Providenta ...
1.30 Shanghai Docks ...
Now Engineerings
8173
a督
$540 35.30
35
$39
H.K. Bocks
1.71
Hongkows
Cotton Milla
·T.121 T.134|
Evos
་་་ .
1.88
Stai. C'tons (old).....)
T.13
Zoong Singa
Do. (Dew)...
Lands, Hotels and
Bulidings"
IMM
04/-
T13.10
TA
#I/
JAPAN and Branguat
OUTWARD MAILS,
--
REGISTERED and PARCEL MAILS are doaed 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 maili are closed at a p.m. on the previous day..
FOR
PR
DATI and TIME
Saturday, 5th,
Kowloon P.O..
3traits, Krylon, ludia, Maar.tias, E. and S.
Africa, Aden, Egypt and AUKUPk via}| Karmala Marseilles-dse Adarville, 3rd Argust)
Brisbane Marts
Fres. Puros Halodard...
Kulgan Dunton Mar 16 A00
*
9,00 AM
Letters 10.00 AM
G.8.0.
9.45 AK
Letters 10.80 A■
dog.
230 P 8,30 PM
4.15 r
Letters 5,00
430#
* 5,00 #
Sunday, 6th,
9.00 ▲ 9.CO.K 9.00 AM
$175 85.3035h
Reg.
833
7.132
T8.30
struita ***
Shanghai, "Japan aud
EUROPE via Siberia
Burma Moru Benwyou...
Manlis, Australia and New Zealand 'vis
Brisbane-dua Bilbane 19th July ... Kanils ***
Formosa...
T-85
1.84
Bangkok via Bwslow ...
T.101
Sw.low, Amoy and Fermoss Saudakan
!!!
Many $19.15 #124
1.185
F.K. & S. Hotels
312
312.25 $12.10)
H.K. Lands
884
Shanghai Lanis
89.85
H.K. Realtys ....................
$9.90
$16.60 Hamphrey's
316
$16
20
Chinesa Estates
Public Utilities.
SOVIET OIL TRADE IN MANCHURIA.
ENDEAVOUR TO SECURE MARKET IN NORTH.
Tokyo, June 30.-The Soviet Gov- ernment is showing very positive activity in its attempt to consoli- date the market in North Man- churia for its oil products
The latest move of the Soviet oil
authorities is to lower the market quotations of Soviet oil to the level at which the Standard Oil Co, is selling in India.
SILVER MINERS OUT OF
$20.40
BIAŁ 36
8841 8831
Star Ferries
327.70
CLights (old)......
$231
5:0
$23
211
18/0
Tramways..............] 810.30|| $20)
Peak Trums (oid).....) stig.
UP. (now)... $54
Do
(Dew).....823)
H.K. Electrics Macao do.
Sandakan Lights.... Telephones.
Do. (Fully Paid) China Buses....... Tractions
Do. (pref.)......
***
IFF
-
***
Straits, East Africa via Mombasa andi *South Africa via Lourenco Marques Straits STEBOW... Japan,U.S.A., Canada, C. and 8. America
and *KUROPE via Victoria, B.C doo Victoris, B,0., 25th July......
Shanghai and EUROPE via Siberia Food Low... Amey
Swatow, Amoy an 'oochow
Straita, Ceylon, India, Hauritius, E. and S. Africa, Egypt and EUROPE Tis Marroilles-dne Marseilles, 6th Aug.
"
Monday, 7th,
9.30 AM
2,80
Panama Hors Demedocia Hydrangea
Pres. Madison..
Proa. Madison.....
3.00 Parcala 3,00 P
4.15
Lattars 5.00
Reg.
Beg.
5.00 x
3.00-
9.00 ra
883
$27.40 8273/t
$80
$22.40 622451
6/9
Swatow ..
440
FOR
461
Chenan
Yuensang
Hai Ning.....
M
TOX.
Hector
Macgregor (pref)
Cantoni lees .........”
Camenta (comb.)... 318.36 819.40 19.357.14
(old)... 813)
Straits and Calcutta Amoy....
Shanghai, Japan, Canada, U.S.A., C. and
S. America and *EDKOPE via Yan couver B.O.-dze Vancouver, B.C., 25th July,
Letters 800 P
3.30 M
Tuesday, 8th,
Kowlion P.0.
4,30 F =
Letters 4.30 K
U.P.O.
Reg. 5.00 K Let, 9th, 8.30
Fodderdag
W
Washing...
Kutsang Tanan
9th. 8.30AM Parcels Noon Lotters
Parcels 3.00 PW
1.00. 6.00 P
Emp of Canada Thursday, 10th.
|| 16th
9.15 AM Letters 1000 à
Industriala
T1
Caldbeck, (ord.)
T.10
***
$19.40
$19.40
F
VIJA 30
-De
Do..
201
***
Goibor, Pukhoi ind Eniphotng
[310.60
Ropes
$.10 810.50 $10.20
China Segars-**-**-
857
+4
25
Aialabon Dugars ... United Asbestos ...
$29
Swatow, Amoy and Foookow
*
Miscellaneous. There quiries for Green Island Cements (Combined) 819.35 after sales at 19.40, while the old shares were placed at the enhanced price of $14 and the new at 85.40. Hong Kong The Soviet Government is, on-the Ropes took another spurt and busi- other hand, trying to improve its ness was done up to 8111, but sub-oil by introducing the most advanc sequently a reaction set in and ed. type of oil production plant. shares were sold down to $10.00. Dairy Farms were put through at $25. Watsons fetched $12. Lane Crawfords were taken off the war- ket at $3 and 83.40. Hong Kong Amusements have declined to 8274. 67 56 Sales have taken place of Hong 2001 Su! Kong Government Loan at 9 per 2281-231 cent. and 8 per cent. proium.
૩૫ ફે
Cotton Mills.-Ewas have fue 50 00 348tuated between Tis. 12 and Tis.
Denver, Col. June 9-Silver 101 100] 19.75. Shanghai Cottons have miners of the West are awaiting. 118
receded to T. 62. - 78) 76
the report of the national commis Rublera-Plantation Rebber is
sion which is studying the subject 6.1/18d. per pound, and the follow-of silver prices, and predictions ing are the latest cabled quotations were made here to-day that it will received from Shanghai -
be necessary to summon an interna- tional conference to stabilize price
621 631
WORK.
DENVER BECOMING ANXIOUS.
T... 6.10 Buyers.. levels. -
Baltimore & Ohio
Bethlehem Steel
Borg Warner
241 241
14 18
Canadian Pacife Railway
1861 1871
971 Unq 95) 25)
Unq-27
Anglo-Javas
51 Ung.
011 621
Anglo-Dutch
3.93
*
Batu Anams
.6)
22 Ung. 131 141
Chemors.
*1.30
Consolidateds
2.40
Kroeworks
1:60
Repaha
1.25
19 191
Tanah Merahs
1.10
92% 911
Tehongs
1.80
21
103) 103
Ziangbes..................
5.80
192 193
38) 361
68 671
1930.
144
85 39
Uni
37 87
200
Calumet & Hocis.
Chopoako Corporation Chicago Rock Island ... Chrysler
Citles Service, Common Colgate Palmolive Post Columbia Gas & Electric Columbia Graphaphers Commercial Solvents... Commonwealth & Houthern Commonwealth & 8. Warr. Consolidated Gne of N, Y. Continental Oil...
Cora Products ... Curtin Wright, Common
Du Pont de Nemours ... Eastman Kodak
Electric Band & Share...
Eric Bailway
Fox Film
General Electrio
General Food
is 18
31 3
... 102 103
General Motors...
on
[UNITED PLESS..]
The mines continue to be closed account of overstocking, and 4,000 miners have already been dis- ebarged.
Commodity prices are continuing to decline, indicating that there will be a dull summer, and con- sequently many believe that some official action on the subject of Exchange. The T.T. rate on Lon-silver will be found necessary.
764 757 dan is 1/3 and on Shanghai 83).
Forward Settlement. Daya-July 40401 29,August 28 and September 30,
EXCHANGE RATES.
Gonami Fallway Sigual Gold Dust
Goodrich Bubber Goodyear Tire & Bubber Granby
ale
Great Northern Certificates Hersbey Chocolate.... International Comont... International Combustion Eng. International Harvater International Nickel ***
25 26 Peanroad Corporation...
67 66) Phillips Petroleum
20 213 Public Service of Jersey
23701 Radio Corpomlion
88
Reynolds Tobacco *B** Sears Poebuck ...
82 81 Simmons Company
84 311
491 49 611.023
241 241
**** 181 Ung.
... 112 37 Un.
Jaq,
Milan Berlin Stockholm
11.
$25+
+4
327}
$1.90 $3.35
Miscellaneous
Dairy Farms Der A. Wings.. Amusemen
Constractione
Crawforda
Nanyang Tobacco....
$12
9%
!!!
Biraite, Ceylon, India, Mauritius, East and
South Africs, Aden, Egypt and Trukuni Miru {etters EUROPE T Marseilles-dae Mar saillow, 8.h August,
Reg. - 5.00 PM
$253
31.90
$3.20
Facchow vis Swatow...
Mackintoaht.........
84
$11.30 Sinceres (old).................... B.1j
Do
Saigon,
$13
$21
89%
100
Manila
+
H+
Watsons ***************
$1.85 Wm. 1'owells...
-63 B. Inc. G. Bonds...
61/92 prem. B.K. Govt.Load... Chin. Entertaiëm'ta,}
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor respondents, Measri. Hayden, Stine & 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. Weak.. No. of Shares done.-1,250,00 Call Money,- per cent,
American. Smelting. Anaconda Copper
Baltimore and Ohio
Borg Warner
NEW YORK, July 3, 1930.
Last Dividend.
4
7
[BRITISH WIRELESS SERVICE.]
Latest Sales.
Rucsy, July 3.
KA
11
11
Paris
123.73
3.50
50
31 81
New York
4.001
102
... 911 $1
Brussels Geneva
34.814
3.
97
25.00!
Continental Oil
Моде
Unq.
Amsterdam .......
12.09)
City Service Common
300, A
20
92.83
Curtis. Wright Common,
Noar
0. 10
Shell Union
20.393
Eastman Kodak,.........................
8B .
192
18.001
-23 237
International Printers Ink
Southern California Edison Southern Pacific Railway
International Products Com....
International Tel & Tel.
421 12
Johns Manville al
78 7+
Standard Gas & Electric Standard Ull of New Jersey Standard Dil of New York
Kennecott Copper.
Kreuger & Toll
Kroger Grocery ..... Liggett & Myer"B' Ludlum Stal Mack Trucks Missouri Pacifie
+
Montgomery Ward
Norada Consolidated Copper
New York Central
Northern Pacific Hallway
Pacific Lighting
Texas Gulf Salphur
22 211 Timken Boller Bearing
B0 Trans America ........
Union Carbids & Carbon
3830
Texas Corporation
61
54 65 110
Osla 891 881
641 Vienna 301 30% Prague
Got
Electric Bond and Share
60
79
Copenhagen
18.10
Erie Railroad
Моде
31
12.15
General Motors
3
40
34.43)
General By. Signal
Missing
1637
Gold Dust
2
39
Helsingfors
1437
Goodyear Tire and Rubber
157
272
811 61)
Madrid
42.35
Granby Consolidated
Missing
61. 671
231
· Madrid.
49.36
Hudson Motors
Missing
201
ect Ung.
16 14
166 155
Mit Bag.
U.S. Rubber
61 51Union Pacific Railway..
United Alzmat & Transport 32 333 United Corporation
11 Unq. United Day Docks United Gas & Improvement. 349 331 Ung. 221
671 67 2021 2031
Lisbon
108.25
International Cement
Missing
50
51
201 301
IT.
74 72
U.S. Btcol
*
155 156
Athens Bucharest Rio Buenos Aires Bombay Shanghai
375
International Nickel
818 611/32 412
Montgomery Ward
35
Nevada Consolidated Copper..
17
Radio Corp
None
Packard Motor Car
131 13
Vanadium
ܬܵܐ
701
Hong Kong
1/3 13/10 1/51
1/3
Sears Roebuck & Co.
2}D.
Simmons Co.
1
Standard Oil Co. of New York.
1.80/
Pennsylvania Railroad...
Paramount Famous Lasky
56 66
Warner Bros. Pictures
40 401
Yokohama
2/0 13/32
Union Carbide and Carbon.
2.60
7 71
(Continued at foos of next
column)
Weetinghouse E, & M.... Woolworth
... 1814 134
Silver (spot)
15%
U.B. Rubber
Nane
Ung. 581
Silver (forward)
1:52
United States Steel'
Caylon, Indin, Mauritius, East and South Africa, Adea, Egypt and KUROPE via Marseillon
duo Marvoillew, 16th Aug.
Etraits, Coylon, India, Mauritius, East
Bad
*Bouth South Africa and American Porta...
Straits, Ceylon, "India, Mauritius, E. &】 South Africa, Aden, Egypt and {
· EUROPE via Harsvilleaming | Mur« | sellies, 16th August
Thursday, 10th,
Kanchore
8:30 AM
Friday
Haiching
11th. 1.00 M
Kowloon P.O.
Heg. 4.80==
4,80 M
G.P.O,
Letters. 8.00PX
Saturday, 12th,
Chip Shing
Emp of Russia
Chenonceaureiters 1.00
Reg. Letter 2.80 x
5.00 F K
Tuesday, 15th.
Kowloon P.0. Beg
100 M
4.P.O.
1.45 PM
Montevidio Maru
3,80,-
Thursday, 17th,
5.00 2
Morea
*Superscribed correspondence only.
Friday, 18th,
Kowloon P. 0. Parcals 4.30 x Beg,19th,9,00 AM ...Letters 10,00 ▲ »
8.P.O. |Par„18th, 5,00 exe Reg., 19th,9.45′ 4′′M Letters 10.30 a =
Missing
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