1930-08-26 — Page 12

ADVERTISEMENTS.

BY ORDER OF THE MORTGAGERS.

PUBLIC AUCTION

OF THE

STEAMSHIPS

"CHARLES HARDOUIN'

AND "PAUL BEAU”

NOW LYING IN THE HARBOUR OF

Hora KoNG

TO BE SOLD

IN ONE LOT

ON

THURSDAY,

THE 25TH DAT or AUGUST; 1930,

Ar 8 PM.

AX

MESSES. LAMMERT BROS,

Acctioneers,

AT THEIR

AUCTION BOOMS, DUDDELL STREET, VICTORIA, Iowa Kone.

The Ships are Passenger River Steamers built of steel "formerly on, the Hong Kong-Canton raz.

For further Particulars and Condi tions of Sale, and for Order to View, Apply to:-

MEMES, WOO & NASH,

Mortgagees' Bolicitors,

4 & 6, QUEEN'S BOAD CENTRAL, Hong Kong

or to

M. LAMMERT BROS.,

Auctioneers,

No. 4, DUBBELL STREET, Hong Kong. Hong Kong, Dated the 20th of August, 1930.

[9751

CREDIT FONCIER D'EXTREME ORIENT.

MORTGAGE BANK AND ESTATE AGENTE.

"PEAK MANSIONS"

BY ORDER OF THE VENDORS.

PUBLIC AUCTION

VERY VALUABLE WHARVES Situate at or near the WESTERN BUND, CANTON

and known a

HONG KONG DAILY PRESS. TUESDAY, AUGUST 26, 1930.

METAL MARKETS.

TIN SITUATION EASIER.

The following weekly review of the metal marketa is issued by Messrs. Rudolf Wolff & Co., Lon- don, under date August 11.

Markets have" raled quiet and prices, with the exception of apelter which has been flat, show little change as compared with those

NEW YORK STOCK EXCHANGE

RISING TENDENCIES PREDOMINATE:

MOST STOCKS HOLD · PART OF THEIR GAINS,

[UNITED PRESS.]

EASTERN NEWS IN BRIEF.

PARS FROM EVERYWHERE;

Orders have been, sent to American naval forces in China to afford pro-) tection, to foreigners at Yochow, it was announced in Washington Inst week.

The Chinese Press state, "that

THF SAK KING, WHARF, THE ruling a week ago. The quieter con- New York, Stock Exchange aftey Nanking has informed the Customs

CHUNG SUN WHARF AND

THE HOP TAK ON AND

POR BO WEARF

To ar Sozo

IN ONE LOT

от

THURSDAY,

Tar" 28th AUGUST, 1990,

Är 3.30 P.M.

BY

MESSES. LAMMERT BROS. AT THEIR

SALES BOOM, No. 1, DUDDELL STABET, VICTORIA, HONG KONG.

MISSRS, WOO & NASE, Vendors Solicitors, Nos. 4 & 6, QUEIN'S ROAD CENTRAL,

Victoria, Hong Kong

or to

MESSES, LAMMERT BROS..

Auctioneers.

ditions prevailing must to some ex- tent be ascribed to the approaching holidays.

י

Now York, August 18-Rising tendencies predominated.. on the declines at the opening to-day, says that no person must leave China the daily review of the Dow Jones with more than 10 oz. of gold. Financial News Agency...

At the close of the market, the majority of the stocks held part of Tin "has been

irregular but their gains although a few regis. fluctuations have been confined itërød net" losses. within narrow limits Ότι the

..

U.S. Steel declined early in the session but later lod the advance

with market leaders following and closed up 3/4 to 166, the Dow Jones average for 30 industrials being up 1.89 to 229.68 for the day. "General Electric was up an eighth to 693, Westinghouse was up to 1494, Bethlehem Steel was up a quarter to 70% American Can' was up a half to 1964, American Waterworks was ep 1 to 591 and U.S. Rubber closed of 21).

Expensive special stocks gained widely.

ornaments.

Twenty alleged officers of the 4th, Communist Army"! were executed in Nanking last Monday. They were charged with conspiracy to attack and destroy various Government buildings.

The Shanghai Postal Commis- sioners states that in addition to the usual parcel postage, the Aerial Postage Tariff for parcels only will temporarily be 15 cents per "40 grammes, instead of 20 grammes, from the 20th instant.

A Copenhagen message states that an agent of a foreign Power-said to be China, has offered to buy the Danish coast defence ship Niels Jael (4,100 tons) if the Government will sell her. The price offered is rumoured to be from 10,000,000 to 13,000,000 crowns,

whole, rather easier conditions have prevailed, but the market, recover- ing later, closes 12/6d. to 18. higher as compared with our last report. Sales in the East during the week have amounted to 1,575 tons. Statistics published to-day show a small decrease of 240 tons in the total visible supply, and the slight improvement tended to have hardening effect on values. For Further Particulars and Condi. Premiums on Straits and Banka

Amusement stocks, utilities, oils tions of Sale, Apply to

tin are quoted at 25/- to 30/- and and some rails were in demand £4, respectively. Demand on the throughout the session... Warner part of consumers, both in this Bros. Pictures closed up 13 to 1431 country and on the Continent, has and Fax Film "A" closed at 413. been dull and rather quieter con-Texas Corp. Was unchanged at 623 ditions are also reported from but Standard Oil of New Jersey America. The market continues to

rose an eigth to 718 and Continental meet with a good deal of resistance Oil was up a half to 20). and selling pressure is largely re- laxed at around current levels, the opinion generally prevailing that the price is sufficiently low and must sooner rather than later have the effect of restricting output, and

The Emperor of Japan is expect that quite apart from whatever re- to 381, Cities Service was up a halfed to attend the grand military sults may be obtained from the to 27 Public Service of New Jersey efforts of the Tin Products' Associa was up an eighth to 911 and Southpures to be beld this autume, tion. Stocks have further accumulatern California Edison retreated 1 Leaving the "Imperial Castle on ed during the month, showing an in to 554. crease in the United Kingdom of

October 12, His Majesty will pro- about 1,400 tons, but as buying on

ceed to Okayama, where he will establish his field headquartets the part of consumers for some time now has been of a hand to mouth

during the maneuvres. character and stocks in consumers' hands must be very depleted, the market, therefore, should the more readily respond to returning conas off 1 to 381. fidence or any definite improvement in the industrial situation, but for the moment there is no very de- finite tendency and, "there seems likelihood of austained movement in at 14. "..

No. 4, DUDDELL STREET.'

Victoria, Hong Kong. Hong Kong, 10th August, 1930. [9760

NOTICE.

NOME of the Shareholders of the So

HONG KONG REALTY AND TRUST Co., L., have prepared a REQUISITION to be made to the Director for convening a MEETING to pass Certain Important Resolutions affecting the Company.

Shareholder desiring to see or sign the Requisition should apply personally to the Undersigned during Bix.roomet & Five-rooted Apartments. Office Hours when full Particulars will

be gladly supplied. HONG KONG SHAREHOLDERS

PRINCE EDWARD ROAD, KOWLOON,

Detached and Semi-detached Villas Modern Construction with Garage.

"CAMBAY BUILDINGS”. Flats with Modern Conveniences,

BARBER

ASSOCIATION,

O. F. RIBEIRO,

Hon. Secretary. 131 FLOO, BANK OF EAST ABLA BUILDING, 10, Des Voeux Road, [0756

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Twelve months

$16.00

The Dow Jones average for 90 utilities was up .70 83.50. Ameri- can Tel. & Tel. was up 1, Inter. national Tel & Tel. was 3/4 to 44, Consolidated Gas was up 3/4 to 10y, Columbia Gas was up a point

Among the rails, with the Dow Jones average for 20 issues un 51 to 129.10, New York Central was up to 161. Pennsylvania was up a half to 72), Canadian Pacific was up a balf to 174. Union Facile was up 2 to 2151 while Erie Anaconda Copper was up 1h to 473, Kennecott was unchanged nt 368, American Smelting rose it to 664 and Calumet & Heela remained

offered Y.25,000 as a compassionate grant to the victims of the Hain. Dah Ming disaster about two yeara ago Chinese papers report that the Association of Relatives of the Esin Dah Ming Victims have decid-

amounts to about $45,000, which is to be distributed.

The Japanese authorities have

either direction until the outlook: General Motors rose an eighth toed to accept this settlement, which can be more clearly determined. 439, Chrysler was off an eighth to According to mail advices from 2 and Packard was cf a quarter Hong Kong, arrivals of tin there to 13 de have been interfered with by floods. Shipments thence to the U.S.A. are 235 tons for June, and stocks are reported to be about 500 tona..

Options.-Double: £12 to £12.10.0; Single: £6 to £6.3.0.

!!

Cash-Opening, £135.0.0; highest, £136.15.0; lowest, £134; closing, £135.15.0.

Three months.--Opening, £137; highest, £138:100; lowest, £135.13.0; closing, £137.7.6.

Turnover for the week: 1,950 tons. Statistica:-

Shipments from

June.

July

Tons.

Tons.

Straits 8,125 7,381 Total supply

12,038 11,260 Total deliveries... 10,582 11,518 Visible supply 42,459 42,210

Copper. Copper has been quiet and easier, the price showing a decline of 22/Ed. as compared with our last report. The recovery towards the close of last week was scarcely war ranted by existing circumstances and support withdrawn, prices have declined in face of a little selling and liquidation. The Electrolytic price is maintained at 11 cents, but business with consumers remains dull, for there is nothing in the warrant advancing situation to prices and buyers are still content to pursue a hand to mouth policy, restricting their purchases only to their immediate requirements. Some doubts therefore exist as to whether the present price of Elec trolytic can be maintained, or whe ther some further reduction may not be necessitated in order to induce a more active demand on the part

Sales for the day were 1.801.790 abarcs. Call money remained at 2

per cent

highest,

September: £18.5.0; £18.3.0; lowest, £1826; closing

18.3.0.

October:-Opening, £18.3.0; high- est, £18.5.0; 'loweest, £18.1.3; clos ing, £18.3.9.

7

November: Opening, £18.3.9; highest, £18.39, lowest, £18.1.3 closing, £18.3.9.

Turnover over for the week: 2,000

tons.

<

Spolter,

In view of the fact that some 14 or 15 cases of typhoid fever 'are daily found in the city with every indication of increasing daily, the Sanitary Department of the Muni, cipal Office is doing its utmost for the prevention of the epidemic. Persons infected so far are estimat ed at 261, according to an investiga- tion of the authorities.

The Shanghai Chinese Chamber of Commerce, according to the Chinese Press, has communicated- with the Chinese Consul General in Calcutta, saying that they are will. ing to take advantage of the Indian boycott of British goods to enter for particulars as to tarifs and commodities desired.

the market there, and have asked

Spelter has been easier, the price showing a decline of 12/6d. to 15

5 compared with our last report. Earlier in the week, comparatively steady conditions prevailed, but on Wednesday rumours were car- With most of its ships comman- rent to the effect that negotiations deered by the Government and with in connection with the re-formation employees' salaries Beveral months of the European syndicate were not in arrears, the position of the China proceeding as smoothly as had been Merchants Steam Navigation Co., expected, and although there were is not enviable. According to the rumours of a very vague description. China Times, a reporter of a Chi- the market experienced a somewhat nese news agency interviewed Mr. sharp setback. The weakness was Chen. Hai Tseng, recently appointed aggravated by the declaration managing director of the company, against August contracts of a large who told him that they owed the tonnage of spelter shortly arriving Hong Kong & Shanghai. Banking from America and Spain. Ship Corporation $5,000,000, the Nation- ments from the latter country areal City Bank 81,000,000 and to mis- unusual, and gave rise to the belief cellaneous creditors $2,000,000.... that stocks had necumulated in centres where they had been least, expected. Trade demand, though slightly better, is only of very moderate dimensions, and gives no indications for the time being of very definite improvement.

Reports from the Continent are still fairly optimistic, and selling of consumers.

for Continental account has not been bronounced, the opinion there Options: Double, £6; single, £3.

prevailing that the price of this CashOpening 49 highest, metal is low enough, that produc- reorganization of the various Cham

lowest, £48,3.9;

tion has already experienced subbers of Commerce in accordance stantial curtailment, and that some with the new Chamber of Commerce. definite arrangement will ultimately Law has not yet been completed he reached whereby production is throughout the country, organiza

tion of a National Association of such chambers should be postponed.

£49;

•£48.10.0.

cleaing,

Three months: Opening, £48.17.6; highest, £48.17.6; lowest, £48.3.8; closing, £48.10.0.

„Turnover for the week: 2.400 tons. Lead.”

M

successfully controlled.

The market in America has been firmer. The price there has made; In good recovery, consequent on a Lead has ruled steady, the price better demand and some expected showing little or no change as com- improvement in the statistical posi- pared with our last report. The tion at the close of this month. position remains very much as we The firmness in America, however, have hitherto reported it, and the has scarcely influenced the market Grmness must more particularly be on this side.

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ascribed to support afforded by in- Options:-Double, £1.18.0; single, port states that the manner of the NATAL LINE OF STEAMERS

fluential interests and relaxation of 17/6d)

present examination went quite selling pressure, rather than to any August-Opening, £16.17.0 high- beyond the usual procedure. In particular trade demand, which can est, £10.17.6; lowest, £16; closing, view of the serious nature of the only be described as moderate. Re£18.1.3

event, the matter has been duly re- ports from the Continent are not SeptemberOpening. £17; high-ported by the Tokyo Branch to the too reassuring and buying for Con cst, £17; lowest, £18.5.0, closing, Foreign Office, which is said to be timental account has been on Kai Zabý

stedsine the Affeix. It is believed Prather reduced gentesimman we

Options-Double, £1.10.0 Single,

August:-Opening, £18.3.0; high- est, £18.5.0; lowest, £18.3.0; closing, £18,3.9

(Continued on next Galumin.).

est, £17.50; lowest, £10.8.0; clos-shortly bring the matter before the King. £18.8.9.

Soviet authorities in view of the November: - Opening £17.7.0; face that such action by Soviet highest, £17.7.8; lowest, £18.13.9; officials might seriously adfect econ- closing, £16:13.9,

omie matercourse between Japan "Turnover for the week: 3,500 tons and Russis

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Passenger and Cargo Service to South Afrlean "brough Bills of Lading issued from Hong Kong,

For Freight or Passage, apply to a

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DODFELL & CO. LIMITED.