1930-08-25 — Page 12

12

Money

and Markets

HONG KONG TRADE. $50,000,000 LOAN

CONSIDERABLE BUSINESS

IN PIECE-COODS.

The fortnightly price current and market report, issued by the Hong Kong General Chamber of Commerce, states:--

Cotton Piece Goods and Fancy

received:

Cotton Goods,

AT NANKING.

TO BE ISSUED AS SHORT- TERM TREASURY NOTES.

INTEREST AND REDEMPTION

SERVICE.

The State Council in Nanking promulgated last week' a set of re- sulations governing the issue of a The following reports have been new national loan of 850,000,000 to Since last reporting, further xp-be known as the 19th Year Customs preciable business has been arrang. ed embracing, most styles of light Cotton fancies for Spring trade, the rise in exchange, coupled with easier prices from Lancashire, hav- ing assisted

many

Duty) Short-Term Treasury Notes.

The proceeds of the new loan will be applied to the rehabilitation of the national currency and finances.

The Notes, which will be offered outstanding for subscription during the current items in the books, Bookings in-moath, will be issued at 98. dude a considerable quantity of the best stablished shadow striped poplins, selling in this market,

+

It is generally conceded that ro cently concluded market commit ments for Spring trade approxi- mate 5,000/6,000 cases, and that, apart from various sorting up lines, dealera bulk requirements have now been filled.

In the staples section there are unconfirmed rumours of sales of certain old established chops of white

from shirtings, whether "stock" or "to arrive" it is im- possible to determine.

Cotton values again shew decline since last advice and following are figures quoted on 2let natant mid. am.spot" 6.494. Eg, Shakel. 10.70d..

Another report states: Enquiry for shadow striped poplins, coloured striped poplins and striped shirtings has con- tinued and substantial orders are reported to have been settled on bleached striped and shadow strip- ed poplins. A large amount of of business in cotton fancies has been settled this month, but orders have been concentrated on certaia- standard lines, Manchester prices are easier on account of the break in cotton quotations and coupled

in with the improvement business charge, bring Clearances have been fair for the time of the year and there has been some betterment in the offtake of staples.

Woollens .."

cx-

nearer.

There has been some enquiry for light-weight serges and union gaberdines and a small amount of Business has been done. Business in reported to have been settled in acarlet blankets and further orders are pending. Offers have been re- ceived on hosiery yarns for prompt in shipment but the disparity prices prevents business, dealers not being willing to pay the dif- ference in exchange.

Interest at eight per mille per

mensem, payable monthly (equiral Peat to 9.6 per cent, per annuri),

HONG KONG DAILY PRESS, MONDAY, AUGUST 25, 1930.

SOVIET MANGANESE.

DAILY SHARE QUOTATIONS

AMERICAN PRODUCENS

DESIRE AN EMBARGO.

· [RKUTEL'S AMERICAN SERVICE}

WASHINGTON, August 32.

Mr: Lowman, Assistant Secretary

HONG KONG STOCK EXCHANGE.

SHAREBROKERS" - ASSOCIATION.

Dayers Saline Sales Nomia

SATURDAY. AUGUST 23.

Buyers Hellera Balos Moustual

Banks

***

**

of the Treasury, has informed $1,425 $1,440) 1,425/30 American producers of manganese that they must submit comparative' figures of the cost of production in the United States and Soviet Russia before the Treasury Department can take any netion on their demand far an embargo upon the ore from Russia, allegrit to be produced by forced labour.

8947) $2,66

ELK. Banks

Do. (London) Chartered Banks....

FOREIGN MAILS

RADIO NOTICE.

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

$1,440

£17

HEANGHAL and Swarow

104

£28 £124

AMOT and SWATOW ...

*!!!!!

U.S.A, HONOLULU, JAPAN and SHANGHALA

(San Francisco, ist Aug.).

JAPAN, SHANGHAI and EUROPE via

"SIBERIS ...

London, Slat July, and parcala, With, Kashgar ... July)

SHANGHAI (Vanoeuver, B.C., 7th Aug) JAPAN...

1

INWARD MAILS.

*FROM

PIX

Dux

210011

£18

197

#19

#121

+

Mercantile Bes. "A"

Do. Bank of East Asia.....

199

Kingchow

25th Aug.

Fan Houten

25th Aug.

$115

[]] Pres. Cleosiand

95th Aug.

Insurance

...Angere

98th Aug.

Ectors via Suiz (Letters and paper,

Canton Insurances...

3040

28th Aug.

Underwriters

...... $2.50

‚'1.160:

438

$440

North Chinas.......................... Union Insurances... $139.

T160

CANADA, U.S.A., HONOLULU, JAPAN sed?

Emp, of Janowia...!

28th Aug.

M.#30 Yangtaże Insurances

$60

La Plata Maru --

38th Aug.

3400

199

3980

China Fires ********* $100 H.K. Fires..

SHARDHAI BEnd Astor

Tisondars

***

31st Aug.

*963

SAIGON

Gumi, Meininger

ut Sept.

*

CHINA TRADE.

CHINESE COMMERCIAL FACILITES UNDEVELOPED.

... Shipping

JAPAN ***"

JAPAN...

2nd Sept.

14.

3rd Sept.

*

***

3

SOUZABAYA

*

11

+4

3rd Sept.

$28

£27/1

SHANGHAI...

6th Sept.

424

Steamboata comer

*

325

Australia and Manila

8th Sept.

$43

Indos (pref.)

$43

Do (def.)

810

(UNITED PRESS. ]'

87/-

Shall Transports

93/7 $31

AMERICAN REPORT ON

Commerce

P

Washington, August 17-A survey conducted by the Department of and published to-day says that foreigners are apparent assured of long continuance of their dominance of China's foreign trade because of the fact that Chin: commercial facilities are

The entire loan is to be redeemed in 38 months, that is, by the end of May, 1935: one per cent. of the loan is to be redeemed during each of the first six months beginningese from the current month: 1.2 perlatively undeveloped. cent., during each of the succeeding 12 months: 2 per cent. monthly from the 19th month to the 37th month; and 1.6 per cent. during the 38th month.

"A definite portion of the increas ed Customa revenue will be earmark- ed by the Ministry of Finance-to be handed over monthly by the Inspector-General of Customs in ac- cordance with the amount fixed in. the amortization table to the Cen- tral Bank of China for the account of the Sinking Fund Committee for meeting payment of interest and redemption of the principal of the

loan.

THE SILVER PROBLEM.

U.S. CONGRESS TO VOTE

830,000 "AS FUNDS.

||

$32

Douglases........! $361

Water-boats be........

Mining

$24

Banquets....

26/3

Kailana

1.81

re- T1.30

T.8)

The survey report declares that China must develop her internal resources before embarking upon a programme of large-scale foreign

trade.

The country still lacks sour- ces of support through mercantile, marine, banking, trading and in- surance companies, according to the Department's findings.

T.119

Langkats (comb.)

"Da (single) Explorations..... Shanghai Loans

$22 Raubs..............

Tronoh Mines

Docks, Wharvos,

Godowns, etc.

E.K. & K.. Wharfa... 9159

98,0

144

Sydney Maru

Tanda

Tribesar

Oldeberk....

... Oh dibans

OUTWARD MAILS.

REGISTERED and PARCEL MAILS aza" closed 15"minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 8 a.m. registered and parcel mails are closed at 5 pm, on the previous day.

FOR

PKB

DATE and TIMB.

1.

Monday, 25th,

Letters

9.00 A K

9.30 AM

T1440

$7.40

T.I

T6

333

***

91/

Straits and Calcutta.

Sandakan

Fort Bayard

$164

Swatow....

$5.20

Providents ....

$5,10

$5.20

traits

$30

H.K. Docks

CIAL

$39

Shanghai Docks ...

**T

T.118

T.71

New Engineerings

7.71

Hongkews

Lands, Hotels, and

Buildings

Batavia...

$10

810.60

HK. & S. Hotels

*** $10.40) $10.00

S77

$78

#78

H.K. Lands eam, r

Fort Bayard, Hoihow,

$77

***

Swatow, Amoy and Foochow

$76

T.287

rights Shanghai Lands” .....|

Do., ex righta Do

+$13

19.40:

16

$87

Fifty-six specific suggestions 1.250 designed to assist persons. newly engaging in trade with China are included in the report.

PASSENGERS

Arrivals,

A

244

$16

1

!!!

H.K. Realtys. 89

Humphreys 815.40 $15.70 Chinese Estates

240

Cotton Mills

T12.65

Ewos

T1340

T.83

Shal Cottons.........

Zoong Dings

Public Utilities

The following passengers arrived on Friday by sa Kamio Maru;-- Mr. and Mrs. W. T. Chan, Mr. Elling Ellingsen, Mr. E. M. Flem- ing, Mr. and Mrs. Ho Shuk Wing. Mr. B. Harvorsen, Mr. Y. Kobaya T12.30 Washington, August 17-Appro-shi. Mr. C. Lamsam. Mr. Lee Sing priation of G.830,000 is to be asked Zen, Mrs. K, H. Lee, Mr. Mua of the December session of Congress Pyak, Si, M. A. Kin Mok, Mr. for a special study of the silver Peder Olsen, Mrs. Dorothy Rohm, situation by the United States Mr. E. Ringdal, Mr. and Mrs. Barea of Mines and Standards, Kaisuke Sakura, Miss M. Sakura, $18.40 $18) | $18.40

$12 according to a letter from Mr. Miss Teað. Un Kab, Mr. H. Tang,

28.10 Robert P. Lamont, Secretary of Mr. J. Wardropper, Mr. Yo Ket Commerce, made public by Senator. Sin. Mr. S. Yoneda.

$$4 Tasker L. Oddie of Nevada.

This recommendation followed a suggestion by Senator Oddie that the two bureaux and also the Bureau of Foreign and Domestic Commerce receive G.$100,000 for a combined investigation, with the hope of improving prices through whatever measures might be recom- mended

The following passengers arrived on Friday by as. President Polk:- Mr. and Mrs. Charles P. Chadsey, Mr. and Mrs. Pierre Charlier, Mr. Pedelri Egge. Mr. George Maul, Capt. S. E G. Ponder, Dr. and Mrs. Jean Thomas, Mr. and Mrs. Cecil Tresher.

T.18)

$85

$24

#772

$23

--

The following passengers arrived yesterday by s. President Lin- Mr. Lamont replied that the coin: Mr. Pablo V. Andrada, Mr. Bureau of Foreign and Domestic G. Assanmal, Fr. Jesus Castello. Commerce was already well enough Mrs H. X. Cavender, Miss Mae supplied with information for its Chapin, Mr. Hassamal Datamál, CHINA BUYS CUBAN SUGAR. purposes, but that the first two Mr. Narain Geaimull, Mr. James

bureaux needed funds which he E Hansen, Mr. Arsenio Polatlano, $1786 817.80 17.80185 would recommenit as a fresh approMiss Rose Roinel, Mr. Joseph E.

$54 BIC SHIPMENTS ARRANGED

priation.

Wilson, Mrs. M. Woodward..

IN AMERICA.

REUTER'S AMERICAN BRAVICE.]

NEW YORK, August 22. Arrangements for the sale to China of 14,000 tons of Cuban raw sugar for September shipment at 1.04 cents per pound f.o.b. Cuba have been made by a sub-committee of the New York committee of bankers and sugar interests which was establish ed to make a study of the actual Sugar situation in Cuba in its real relation to world markets

The sale will be in. addition to the 6,800 tons of sugar sold to China yesterday at one cent per pound fo.b. Cüba, which was a new low record. ·

"

EXCHANGE RATES.

(BRITISH' WIRELESS SERVICE.]

Paris

New York go

Brussels

Genera.....

Amsterdam

Milan

Senator Oddie is also pressing for the Secretary's approval of a national silver study conference "of producers, manufacturers and reon- omists. to make similar recommen- dations.

Mr. Lamont is understood to be seriously considering this, as well as Senator "Oddie's resolution that the Senate's 1995 study of the European currency situation be re published and extended to include the South American, and Far East

ern countries.

Departures.

The following passengers left on Saturday by 5.s. Kamo Maru Mr. M. L. Silly, Mr. and Mrs. F. Hollia, Mr. L. M. Fisher, Mr. Gustav Blomberg, Mr. E. McChung Fleming, Mr. B. M. Aalati, Mr. C. Butcher, Mr. Y. Ashizawa, Mrs. L Cossart, Miss J. Cossart, Master J. Cossart, Mr. S. Handa, Mrs. S.

Handa, Mr. T. Hayashi, Mr.K.. Hijikata, Mr. T. Ishida, Mr. S.

Isobe.

AMERICAN STOCK QUOTATIONS.

LATEST WALL STREET PRICES.

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

Tone of Market.-Firm.

No. of Shares done.-1,500,000. Call Money.-2 per cent.

American Smelting. Anaconda Copper Baltimore and Ohio

Borg Warner ........... Continental Oil......

NEW YORK, August 22, 1930.

$2.15

Tramways $18,30 Peak Trama (old). $12.

Do.

(DOW). $61

Star Ferries

C. Lights (old)...... $24.10

Do. (new) $18

H.K. Electrica $78) Macao da.

Sandakan Lights...

Telephones (tally pd)

Do. (part pd.), $22 China Buses

10/-

Tractions

18/8

Do.

(praf.)..

****

Industrials

T.101

Caldbeck, (ord.)

T10.40

Macgregors (praf.)} Canton ices.

$2.25

$12

Do...

(old)... (new)...

$10.60 $10.80 $10

Ropes

*****$10.60)

***

$1.20 30

China Sugars

$27

#5

United Asbestos

Miscellaneous

re

Des

+

由高

Bog

Namsang.. disumang *** Wing Los...

...

130 M 3.30.1

Hydrangea

8.00 3,

Van Houtes

5,00

Parcels

5.00 PX

Free. Lincoln

Beg.

5.00

Shanghai, Japan, Honolulu, U.S.A...

Canada, Central and South America, and *EUROPE via San Francisco ¿ve San Francisco, 17th Sept., end | "EUROPE ria Siberia

Tisalak Tonkin

Pakhoi and Haiphong Haiyang

Salgon, Straits, Ceylon, India, Mauritius, East and Bouth Africa, Aden,

Egypt and EUROPE vs Marseilles

dza, Marseilles, 27th September

Angers....

相咖喱

Japan Eoncluin San Francisco and

Bouth American Ports

Pros. Cleveland

Kitaisang

Gingo Marn Taiyuan

Tuesday, 26th, Letters

8.30 AM

Tuesday, 26th,

10.30 AM 19.80 P =

1.00 pm f

Kowloon P. O. Rez. 1.00 M Letters

1.00 r Q.P.O.

Reg. 1.45 m

2.90

Latters

» 4:30 P u

Wednesday, 27th,

8.80

4

***

Manila

Swatow...

T.80

T9.30

Amoy

18.33/40

Manila

Amby

***

$24.25

Saigon.

10.30 M

8,00 2

Emp of Canada... Ho Sang

Thursday, 28th,

3.20 PM

5.00 PM

Friday,

29th,

Mauritius,

La Plata Maru...

---

Bai Ning...

Canton ...

Ceylon, India,

Eat and South Africa and South

American Ports...

Bwatow, Amoy and Foochow Haiphong

Straits, Caylon, India, Mauritius, East) and South Africa, Aden, Egypt and | EUROPE via Marsailles-due Mari sailles, 17th September

Hasang

Kashmir

Amoy

$22

Cements (comb.)... $17.70 $17.90 17.75/80

Do

Malabon Bugars

Dairy Farms...

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

HIGHHH!!

· 10.30 M

2.00.1 2.30

6.00 PM:

Kowloon P.O. Fare in 4.80 r Beg 80th 9,00 ▲ 2. Letters 10.00

G.P.O. Par.29th, 5.00 » . Beg. 30th 9.45 Letters: 19.80 N SEPTEMBER Monday, lat, Parcela 11.00 M

11.00 A

Pros: Oleveland Re

Shanghai, Japan and #EUROPE via Siberia Goni. Metzinger „

Letters Noon

Shanghai, Japan, *Casada, *U.8.A, *C.

***

$18

$4

$14.75

and *8. Americs and EUROPE via Victoria, B.C.-due Victoria, B.C., 19th September

Noon

141

$29

Tuesday, and

Mazlla and Java via Sourabaya

Tjisondari

Swatow, Amoy and Focahow

·Haiching

10.80 a

1.00.

Manila, Australia (except Thursday Island) |

395 $1.

8931.825/1

$25

and New Zealand vis Brisbane das Brisbane, 16th September

Sydney Maru...

BAB.

Katters 5.00 x

Kowloom P.O.

$28

Amusements

325

$10 $1.80

Chin. Entertainm'ts.

$10

Constructions

MARK

821

Lane Crawfords...

$1.90 8270 | S125-

Straita, Ceylon, India, Mauritius, E. and B. Africa, Egypt and EUROPE vis Marseilles das Marseillse, 1st Oct....)

Beg,

4.30PM

Sarpedon

Letter

+

Bag.

$162

Mackintoshe

Letters 6.00

Nanyang TobacÑO..... Hinceros

34

$14

Watson

$12

+4

$2.85 Wra, Powells ......................... B. Ind. G. Bonds...! 321

8%

H.K. Govt Loans.

8108)

prom.

LOCAL AND REGULAR OUTWARD MAILS.

Увод

WEEK DAYS.

SUNDAYE & HOLIDAYS

FOR

FROX G.P.O.

FROM BÆKUNGWAN BEANCE P.O.

FROK G.P.Q.

BKKUNUWA

BRANCH B.0.

€7.16., & 28.00 Putt

11.30 p.

Shanghai, Japan, Canada, U..A, Ú, and 6. America and *EUBOFE via Van- COOTER, B.0-dne Vancouver, B.C., 19th Septembar

Manila, Sandakan, Australia and New)

Zealand via Thursday Idland --- due Thursday Talaud, 20th September ...)

450 PM

G.P.O.

6.00 P

Wedzianday, Sel, Farcels 5.00 PM.

Emp, of Canada Thursday, 4th.

Tanda

*Baparasribed correspondence only.

Bog. 79.15 : Letters 10,003 M

Friday,

5th.

Parcels

Noon.

Letters

1.45 1.

Letters

2.30 PM

1,302,00 17.00 pe

27.15 kan, k) (7,50 x,m, &.

6.00 pud 7.00 p.za Bundays

Sundays (5p.m. only 7.00 pin.

only

(7.15 am. &| (7.30 am. &

Sundays

130 m Band wa

8.15 am. - 9.80 1.7

Lonly

6.00 p

Lonly

6.00 p..

8.00 p.m.

FACTS AND FIGURES

For the Busy Business-Man interested in Hong Kong and

South China.

The

euWeekly

Press" (price go cents) th

mailed for a year to any place.

the world for $16

Copy

RUGBY, August 93.

123.82 4.87

34.863

23.045

12.09

02.97

Last Dividend.

Latest Sales.

Canton

Berlin

20.39

66

Stockholm

18.12

Copenhagen,

-18.163

Oslo

18.17

3.80

3

443

Macas, & Tinakan

Vienna

34.455

None

$7.16 a.m.

1.18 p.m.

§ 7.30 m.zz.

1.16 pe

Prague Helsingfors

104

City Service Common

300.

1928

Curtis Wright Common

None

Madrid

45.80--

Eastman Kodak

JB

211

-103.25.

"Electric Bond and Share-

Kongtoon (except Saturdays)) Kankong (except Saturdays),

6.00 pm

6.00 p.to.

8.00 p.m.

Athens Bucharest

375

Erie Hailroad

None.

Rio

BIT 42

General Motors

3C

Fataban (By Train)

7.15 6.

45

General Railway Signal

Ung

Buenos Aires

40 11/16

Bombay

1/34

Shanghai.

1/7

1/4

Hong Kong Yokotama

2/0 11/32

Silver, spot & forward 16 11/16

Tanganyika's consumption of rayon piece goods is expanding. Unfortunately, Britain, instead of participating has almost lost her footing, and Japan, which came last a year ago, now heads the list of importers, with Italy second.

Gold Dust

Goodyear Tire and Rubber

International Cement

International. Nickel Montgomery Ward

Nevada

Consolidated Cop Radio CarpRANMAYA522224189313 Sears Roebuck & Co. Simmons Co.

Standard Oil of New Jersey. Standard Oil Co. of New York Union Carbide and Carbon... United States Rubber «............... United States Steel n

Unq.

Txi 0 Tai Po

9.00 B

€ 2,00 mm. 4]

50

Granby Consolidated

+22

Shumehun

Ung:

Cheungchow

18.00p.m

10.00 km. di

3.00 p.m. 12.30 p.m. & 4.30 pm Haturdays

4.30 p.m.

7.10.m.

9.00 Bethe

9:00 am

110 am,

$11.00 am {& 4,80 p.m.

Stanley

100 Prze

100 put

Autau, Pingshan,

Shatin, Bhatankok Bherungshal

8.00 pm

10.30 am

2:60

Balkung!...

4.30 pun

Bamtau, Shakki &

7.00 p

(Fran).

7.00 px

Labana namamana ana