1930-08-09 — Page 12

HONG KONG

DAILY PRESS, SATURDAY, AUGUST 9, 1930.

Money and Markets

HONG KONG SHARES.

BENJAMIN & POTTS' WEEKLY REPORT.

AMERICA'S NEED OF

SOVIET TRADE.

WELL-KNOWN BUSINESS MEN ON STABILIZATION,

(UNITED PRESS,]

NEW YORK STOCK | DAILY SHARE QUOTATIONS

EXCHANGE.

LIGHTEST DAY'S TRADING FOR FOUR YEARS PAST. SLIGHT RECESSIONS IN LEADING ISSUES.

[UNITED PRESS.]

New York, August 2-Trading on the New York Stock Exchange was the lightest to-day in nearly four years says the daily review of the Dow Jones Financial News Agency.

The opening was irregular and there were many slight recessions in prices of leading issues.

With the exception of the more popular investment stocks there has

Williamstown, Mass., August 1. been a considerable setback in prices

Speaking before a round table during the week. This depression discussion of the Institute of Po- has been caused not so much bytics to-day. Mr. Ivy Leo, public

Following this period, the utilities genuine selling, but to the raidity representative of the Rockefel made by the "bear" element to; ler interests and chairman of the recovered and staged an advance, institute's general conference on Consolidated Gas led and other. bring down prices during the dull Russian internal conditions, arged utilities followed, with Consolidat poriod which generally prevails at that the United States conducted ciceing up 23 to 107 and the Dow this time of the year. The result of friendly trade relations with Soviet Jones average for utilities up .53 Russia in the interests of world peace.

this has been selling out by weak holders but the depression is likely to be only temporary, and the market already shows signs of revival.

Banks-Hong Kong and Shang- hai Banks are unchanged in London at £107.16Middle), and were again negotiated locally at 81,515.

Such trade, he declared, is ne sessary in order to stabilize the commerce of the world. In his opinion a would be beneficial to all concerned.

Col. Hagh Cooper, consultant engineer of the Dneiper River Hy droelectric Project, told the audi. ence that the United States Can- Marine and Fire Insurances-not afford to ignore Soviet Russia, Unions are slightly firmer with whose undeveloped natural resour buyers at $4373 and sales reported ces exceed those of the remainder at $440. Hong Kong Fires have of Europe in combination.

Cantons are advanced to. 8950.

$945. China quiet, but steady Fires continue in demand at $400. Underwriters fetched $2.53.

Shipping. Douglas Steamships are in request as 8961. Steamboats are wanted at 8214, and sales were made at $23. Waterboats are still quoted at $32 but might be had below this rate.

Whampoa

Docks, Wharves and Godowns.- A decline has occurred in Kowloon Wharves, shares being on offer at $167 after business at $165. China Providents have weakened and were cold down to 85.10. Docks are to be had at 939 and possibly cheaper. Hongkew Wharves. have buyers at Tis. 280, and Shang.. hai Docks at Th. 117 ex the dividend of Tls. 7" recently paid..

Lands, Hotels and Buildings.- Hong Kong and Shanghai Hotel have further weakened and were

Anglo-Soviet Deadlock. Moscow, August It is under stood that the Britiah-Soviet nego- tiations for settling the Russian Pre-war debts will be postponed until the early part of next year

a result of new difference hay ing arisen between Moscow and London regarding the proceedure The Soviet do as the conference. legation which, on its way to Lon- don, had already arrived in Ber in bag suddenly been re-called to Moscow.

U.S. FEDERAL RESERVE

BANK RATE.

(THROUGH REUTER'S AGENCY.]

SAN FRANCISCo, August 7. The Federal Reserve Bank has

per cent.

BERLIN STOCK EXCHANGE.

[UNITED PRESS,}

Berlin, August August 1.-The Stock Exchange opened weak and erratic. Trading was quiet but with the exception of some mining shares the majority recovered somewhat from the slump of the last few days.

dealt in down to 810 but closed reduced the rediscount rate to 31 firmer with buyers $10.20;

nt Realtys are enquired for at 89.20 Hong after transactions at 89. Kong Lands arc quoted at 8ɛzi ex the Interim dividend of $9 paid to-day. Humphreys Estates were booked at 815). Shanghai Lands are quoted at Tis. 287, ex the In- terim dividend of Tls. 3 just paid.

Public Utilities-Hong Kong Electrics were dealt in at the outset at 878, but eased off towards the close to $76 at which shares changed hands, China Lights (Old) have had a further setback, the market falling to $232. Hong Kong Trams have also weakened and were sold down to 818. The Directors of this Company have declared an Interim dividend of 40 cents, which is 10 cents less than what they paid for "Star Ferries the previous year. are quoted 886 and ought to be had at this rate. Peak Trams (Old) continue in request at 8123. There are buyers of Telephones (Fully Paid) at $32 while the (Partly paid) shares were put through at $91,60.

►

Miscellaneous. - Green Cements (Combined) medium of a fair turnover

Hong Kong Ropes 817.057817.90. are a shade lower and were placed at 810 Dairy Farms have eased somewhat and were put through at $24. There are buyers of Hong Kong Government Loan at 8 per cent, Premium.""

EXCHANGE RATES. (BRITISH WIRELESS BERVICE.]

Paris New York Brussels Geneva Amsterdam Milan .Berlin

Stockholm

Lisbon Athens Bucharest

RuDay, August 7.

123.81

for the day.

American Tel. & Tel. was up 11 to 2103, International Tel & Tel.

hold a 431, Radio Corp. was p

to 42, Columbia Gas was up 3 to 633, Southern California Edison. was off a quarter to 36), Standard Gas was up 1 to 93 and Public Service of N.J. was up 1 to 913.

The weekly mercantile reviews reported that business was quiet. but Dunn's found an appreciable gain in retail distribution. Wool-

worth closed today off to 19 Sears Roebuck was down 1 to 65 and Montgomery Ward was up" à half-point to close at 36

U.S. Steel closed up a point to

for 30 industrials was up .83 to 1661 and the Dow Jones average 231.50. Eastman Kodak was up, a

up 13 to 1994. Du Pont was up a point to 210. American Con was point to 1151. Bethlehem Steel" was up to 911. Union Carbide was up 1 to 31. Timken Roller Bearing was up to 678. International Combustion Eng was up an eighth to 8%.

HONG KONG STOCK EXCHANGE

SHAREBROKERS! ASSOCIATION.

Buyers Balleru

Sales.

Nominal

FRIDAY. AUGUST 8.

Buy Galler

Spice Momina 1.

***

***

Banka

$1,518 HK. Banks

2107

2171

„Da, (London) Chartered Banks

Mercantile Bks. "A"

Do. $191 Bank of East Asia...

$315

SEF

FOREIGN MAILS

RADIO NOTICE.

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

INWARD MAILS.

Dux

FROM

$1,513

£17

Sharexai and Swarow

Sanning

9th Aug.

U.S.A. HONOLULU, JAPAN and SHANG-

£12.

WAI (San Francisco, 11th July) and

EUROPE via Siberis (London, Sist Fras. Garfield

9th Aug.

Jaly)

EUBOR via NxGAFATAM (Letters and

Insurances

Papers London, 10th July)

...Kashima Mari

9th Aug.

MANILA

Fr. JagoTUK,

10th Aug.

$945

Canton Insurancos,. $2.55 Underwriter

$640

146

Alkaramin

10th Ang.

BHANGHAI

82.70

NPANKY

AMUT ...

1.160

...

***

North Chinas... Union Insurances... $439

TIBU

Tyiladost in Panda

10th Avg.

Iuch Aug.

3140

M.350 Yangtsso Insurances,

260

Empres of Aria...|

11th Ang

400

China Fires

4400

$966

FLK Fires

1960

Prae. Grans

11th Aug.

Talmu

19th Aug.

Alipora

انسیو

12th Aug

Tjtbodas

13th Ang

Üremiar

19ta Aug.

$261 €263

Shipping

Douglases

#!

ני!

+

ADSENALIA and Manila

CANADA, 1.5.2, Japan and SHANGHAI Į

(Vancouver, B.O., 24th July) ...

U.S.A, HONOLULU, JAPAN AND SHANGHAL

(San Francisco, 18th July}

Calcutta and STRAITS.

STRANS

***

$26

NOURABAYA 19

444

Steamboats ****

$95

Amor and Sw&LOW ***

543

Indos (pre£)

$43

$40

840

95/7

$31

#518::

31,3

1.8

T1,30 1.61

***

F

$170 $5.10 36.20

T.117

BILA

4

Do (def.)u Shall Tinnsports Water-bosti

Mining

Benquets..

Kailans

Tangkata (comb.) ....... Do. (single) Explorations...

Shanghai Loans ... Raubs |

Tronoh Mines in Docks," Wharven,

Godowns, etc. H.K. & K. Wharfa... Providents

...

H.K. Docks **** Shanghai Docks New Engineerings Hongkews

Lands, Hotels, and

#5

$39

T.7

T.260

***

The Dow Jones average for 20 rails was up .24 to 131.01. Fennsyl Vania was up an eighth to. 75, Erie $10 was up to 41, Union Pacifc closed at 290.

Acig the amusements, Warner Bros. Pictures was off 1 to 351, Fox Film "A" closed at 434 and Paramount-Publix as unchanged

at 59.

General Motors was up to 48), Packard was up an eighth to 14 and Chrysler was up to 29).

Sales for the day totalled only 288,090 shares..

QUOTATIONS.

New York, Aug. 2, Market Irregular, Business done, 1,000,210 shares.

E

31

July Aug.

Adams ExpresS ...

*** 26 27 American Can....

***1307 128 American & Foreign Power... 124 72) American Rolling Mill.. ... 53

66 American Smalting

Tel & American

312 200 Tel American Tobacco "B".

... 244 253 American Waterworks... Anaconda Copper

Asia Refining Atlantic Baltimore &

Ohio Bothlabem Steel

110

Bomet & Bocle

"

***

Canadian Pacific Railway Chicage Book Island ...

Chicago ChEBler

Service Common... Cities Columbia Gas & Electric Columbia Graphaphone

Commonwealth

& Bouthern

& 8. Warr. Gas of N. T.

Continental Ou...

Corn Products... Curtian Wright; Commen

Du Pont de Nemours.** Eastman Kodak...

Electric Bond & Share...

03

50 50

37 37

105 1041 BIL 81

201 201

* Mutl.103

180 188

15% 15

291

"Mutl. 28

... 171 171

121

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mans are advertised to close at or before 9 a.m. registered and parcel mails are closed at 5 pm on the previous day,

Ti4.40 "$7.40

21

16

21/

Valentia via Strait

Formosa

Amoy

For

Date and TimM

Nagato Maru City of Athena

Saturday, 9th,

*Tanan

10.30 AM

1.30

·1.30 K

Lyvernoon

Reg.

2,45 ~

|

lund at S'pore. Latters

-8.30 2 M-

Kashima Maru ...

3.80 x

connecting with

Nieuw Zra-"

Straits and Australia (except places North

of Brisbane, and Now Zealand via

Singapore and Brisbane-dus Bris

band 2nd September

Shanghai, Japan and EUROPE via Siberia

Foochow via watow

Chipshing

Pras, Garfisià

3,00 PM

5.00 r

10th

8.80 AX

Antung

Chengtu...

9.00 AM

Hozan Mara

9.00 &

Busichore...

9.00 AM

9.00 AM

Swatow, Amoy and Formosa

Foochow and Wei-Bai-Wei via Swatow Bangkok via Swaṣow.

Kiangma

$170

$5.05

939

T.114

Manila ... H

Amoy

Buildings

Shanghai

$10{ }#1013 882 ex div.)

HK & S. Hotels .....

$10

| $10,26) 10.10.15.

ELK Lands 3831

T.187

Shanghai Lands ....

$0.10

8 00/9

H.K. Kealtys...

$9.10

816

Humphreys $15.40 $15.76

Boihon, Pakhoi zd Haiphong

$87

Chinese Estates...

Limchoro Canton

..

Haiphong

P

Swatow

100

Hydrangea Tanda

Monday, 11th,

820 Ax

1.80 3.00 F

Japan

442

T9.30

Shanghai, Japan, Honolulu, USA. Canada, Central and South Amaries, and *EUROPE via San Francisco- dos San Francisco, 3rd Sept; and *EUROPE vin Siberia

Reg.

Pres. Jafarach

Java via Batavia

Titlebost Tonkin

T11.70

iu

Cotton Mills

Ewos

1.78 Shai. Cottons......... 178

T11.70

⠀⠀

1.9

Zoong Sings

Public Utilities

Tramways ............

$18

$18

Peak Trams. (old),

ક

Do. Star Ferries

(new)... 01

8231

(new)......

$761

$15 18/10

$123

$6.10

$88

$231 { $23) $1 8762 $78

$23

8111 *32

T.18

་-་

-2219 $814

sak

10/-

18/8

$2.10

$18 $17.90

621 $10.40 $10.60 $10.60

$0.90

... 144 14

... 1073 101)

21 21 014957

116 1141

... 2084 209

Tractions.

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

Do. HK Electrics ...... $75 Macao do.

Sandakan Lights ....

Telephones (fully pd.)

Do.

(part pd.)

China Buses...

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

Industrials

L101 Caldbeck, ((ord.)

Tiud Macgregors (praf.) Canten Ices

Cementa (comb.)... 817. 817.60|

444

$1.25

Do

(old)...

Do.

·(new)...!

Ropes *********

$10.70

81

China Sugars

*7

Malabon Sugars ...

30

United Asbestos...

Miscellaneous

$211

$24

823 841

41

411

4.67) $4,803

25.045

12.081 02.98

20.385

18.105

were

Island the at

Copenhagen Oslo

18.105

.15.165

Vienna... Prague

34.45

Consona

1641

Helsingfors

193

Madrid

43.55.

108.23

375

818

Rio

51/18

Buenos Aires Bombay

41

1/51

64

$181

**

1/01

+40

1/31

General Eailway Signal

Gold Dust

2/011/32

Goodrich Rubber

231 25+

15 15/16

·157

Goodyear Tire & Rubber

62 Matl.

231 24

hey Chocolate

95 Mut

8%

prem.

69

82 69

28. 201

Mutil.

41

Cotton Mills.-Ewos have strong. thened and are exquired for at Tls. 19. Shanghai Cottons are changed.

un-

Rubbers. There has been a fur- ther drop in the price of the ra inaterial to 5d. per lh. The follow- ing are to-day's cabled quotations from Shanghai :—

Anglo-Javas

TIA

6.00 Buyers.

Anglo-Dutch

3.30

23

Batu Anamis

50

Chemors

1.15

Consolidateds

2.15

Kroetrocks

1.70

Repahs

.1.90

Tanah Merahs

1.00

Tobongs...

1.70

5.60

Ziangbes

Shanghai

Hong Kong

Yokohama... Silver (spot) Silver (forward)

"SOCIETY SCANDAL IN

PARIS.

LADY OWEN SHOOTS TRENCH WOMAN.

יו.

Paris, August 2-French and in | ternational society in the French capital is shaken by a sensational. affair Lady Eamé Owen, who was believed to be the very wealthy Exchange. The T.T. rate on Lon-widow of a former governor of don is 1/3.6/16, and on Shanghai Ceylon, one of the most popular 837.

and prettiest women of Paris so- Days-ciety and known for her unconven August 28, September 30 and Octo- tional ways, shot dead the wife ber 28, 1830.

Forward

Settlement

ANOTHER SUBSTITUTE FOR RUBBER.

SAP OF THE MEXICAN SAGE PLANT.

[UNITED PRESS,]

of Dr. Gastaud, the famous French radiologist and physician, with whom she had apparently been on intimate termia."

She was caught in Dr. Gastaud's villa with the pistol still in her hand. pad wyde "The investigation revealed that unknown to the world Lady Owen had squandered the millions left by her husband and had married. Francois Lorang, who has just been extradited to England for his share in the Hatry frauds

When the detectives arrived bereats mat of " G.8120,000 for the manufacture of arrest Lady Owen, de kept up the dry guayule from a species of blug of warning them that she was Mexican angel Dama close friend of the chief of the The plant will have a capacity Paris police, M. Chiappe, and of of 10,000 lb. a day.

Calif. August 1.The Intercommercial Tuber Co

Guayule is a perennial herb of the aster family, the inspissated sap of which furnishes a substitute for rubber.

the French Minister of the Interior so that they would be made to sur fer for the outrage done to her which did not deter the detectives from effecting the arrest.

Frio Railway

For Film

Glenora

Electric

General Foods ... General Motors...

International Coment...

International Combuston Eng. International Harvester International Nickel Intentional Printer Ink Intern Hunal Froduota Com. ..... International Tel & Tal.

Mantine Jobus Kezascott Copper Kreuger & Tol ... Kroger

Grocery... Lägrett & Myers "B" Loews' Inc.

Ludium Steel ... Montgomery Ward

Nevada Consolidated Copper

Kew York Central

48 Mut).

704 ROLL

701 692

40%

46 451

84,

125

25

Pacife Lighting

94 041

201

18161 181 182

77-765 14

14

Paramount-Public Corp.

KO

Pennsylvania Railroad

253' 741 21+

Philips Petroleum

на за

Public Service of N, JarsOY

421

Packard Motor Car

Pensroad Corpo, i

Radio Corporation Reynolds Tobacco B Sears Roebuck Shell

ell Union

Simmons Compasy" Southern California Edison Standard Gas & Electris Standard Oil of New Jersey Standard Oil of New York Texas Corporation Texas Gulf Sulphur

mken Boller Bearing Timken Bollor

T

-Unit Carbide

Talon Philheadway

***

United Aircraft & Transport. United Corporation United Gas & Improvemsut United Dry Docks Vanadium US Steel warder Bros. Plotures Weatinghouse E. & M. Woolworth

T

AME

$10

Dairy Farms.

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

Amusements

Chin. Entertainm'ta

$190. Constructions................

R

Lane Crawfords .... Mackintoshs......

Nanyang Tobacco..

Sincerea (old).

Do.

(new)

•Watsons *******

$2.80 Wm. Howella.........

61% B. Ind. G.8 Bonds...

B.K. Gort. Loans,

386.

៖ ផ្ល ៈ ៖ គឺ ៖

8/9

6.00 PX

Fort Bayard, Hoihow, Pakhoi and Haiphong Batching Swatow, Amoy and Fooohow...

Saigon,

Ceylon, India, Mauritius, East and South Africa, A doo, Egypt and *BUROPE vis Marseilles -Cue Marseilles, 13th September

Parcela 8.00

6.00 PM

fuonday, 12th,

Letters 8.30 ▲ 10.

Tuesday, 28th,

$10.80 AM..

1280

1.00 M

Kotaloon P. O. Bag.

100 Y

**

D'Artagnan

Letters, 1.00 PM)

G.P.O.

Reg Letters

1.45 1. M

2.80 z M

Empress of Asia ....... Pres. Grant

8.30PM

**

4.80 M

Wednesday, 13th,

Washing tlinsang

8.80 AM

10,30 ▲

Thursday, 14th,

Cremar

9.80

Friday 15th, Parpola

1:00 PM

4.80. M.

Lavis

8214

Manila

Bwabow

Sandakan

***

Straits

813

Straits and Calcutta

342

Swatow, Amoy and Foochow

$3

Bizate, Ceylon, India, Mauritius, East) and South Africa, &den, Egypt and: EDROPE vin. Mamaillea-due Mare! seilles, 19th September

Rajputana

$271

325

$10

$1,90

Foochow ris Swabow...

83

Bus Bang

Cheong Shing

Manila, Australia and New Zealand vin

Tharalay Islandde Thursday 1. Kitano Maru m land, 1st Sept....

Letters

Noos

1.001

Kowloon P.O. Paresia

Beg 10th,9.00 AH Letters 10.00 a ̈ar

Par. 15th, 5.00 Reg.16th,9.45 am Letters 10,80 a.

Saturday, 18th,

5.00 PM

Tuesday, 19th,

Beg.

8,45 a

Letters 9.30 AM

··Koraloon ·P.O:

312

Straite, Ceylon, India, Mauritius, E. and "B. Africa, Egypt and EUROPE via Marseilles-dus Marseilles, 19th Sept.)

|

Blog, ...

1.00 PM

Philoctetes

... Laiter.1.00 F M

G.P.O.

$108

Beg

145 PR

AMERICAN STOCK QUOTATIONS.

LATEST WALL STREET PRICES.

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

Tone of Market-Easy. No. of Shares donc Call Money-1 per cent.

American Smelting

Anaconda Copper Baltimore and Obio Borg Warner marine Continental Cl

Manis, Australia and New Zealand vin]

Thursday Island - dne Thursday Changts. Leland, 2nd Sept.

*Superscribed correspondence only.

Letters 2.30 P

Thursday, 81st, Parools

5.00 M Beg, Stad 5.45N

Eitters 10:30 AM

New York, August 7, 1930.

1,500,000. -

Last Dividend.

Latest

Bales

07

3.50

50.

FACTS AND FIGURES

104

3

Nona

Missing

91

30%, A

29

None 58

200:

City Service Common Curtis Wright Common Eastman Kodak ......... Electria Boud and Share Erie Railroad Farfisasyo

General Motors Vine General Railway Signal Gold Dust

Goodyear Tire and Rubber Granby Consolidated

International Cement,

International Nickel Montgomery

Nevada Consolidated":

Radio Corp

Simmons Con

-None

20.

Sears Roeback & Co.

Standard Oil of New Jersey

Standard Oil Co. of New

1.80

Union Carbide and Carbon

2.60

United States Rubber United States Steel

None

For the Busy Business-Mani interested in Hong Kong and South China. The "Weekly Press (price 30 cents) will be

mailed for a year to any place

world for $16 Specimen Copy Free.