1930-09-06 — Page 12

Money and Markets

HONG KONG SHARES

BENJAMIN & POTTS' WEEKLY REPORT.

The past week, notwithstanding a Bank holiday on Monday last, has shown a fair amount of activity chiefly in Public Utility and Mis- cellaneous stocks. The tone of the market generally is firm, and this especially applies to the Investiment section, while in some directions prices have been easier.

Banks-There has been a further improvement in Hong Kong and Shanghai Banks following the rise in the Loadon price to £111. and shares were placed locally up to $1,310.

Marine and Fire Insurances Cantons continue their upward tread and are in request at 8080. Unions have likewise strengthened and advanced to $130. Hong Kong Fires are wanted at 8903 and pro- hably a little more would be paid. China Fires are unchanged with buyers at 8400. Underwriters are on offer at $9.80.

SILVER SALES BY INDIA:

GREAT BRITAIN'S REPLY TO CHINA'S MEMORANDUM.

(THROUGH REUTER'S AGENCY.),

Loxoox, Sept... t.

With reference to Mr. T. V. Soong's statement on the question of silver sales by India, Reuter is informed that the Memorandum pointing out China's difficulties in consequence of the full in silver and asking for British co-operation, particularly with reference to the sale of silver by the Government of India, was addressed to the British Government earlier in the summer.

It was referred by the Foreign Office to India, from where what is described as a sympathetic reply was despatched.

The Chinese Minister in London, discussing other business with Mr. Arthur Henderson this week, refer red to the subject.

It is pointed out in Chinese. Shipping Sales were reported quarters in London that the Gov. in Douglas Steamships at Ses and trument of India's denial of the 5291. Hong Kong, Canton and reported sale of 10,000,000 ounces Macao Steamboats were supported of silver to a Chinese banking cor and rose to 8253.Shell" Tran- poration oyidently refers to a re sports have rallied a bit and reported later sale, as it is known quoted 01/3 from London. Water that a further sale of silver actual boats at $32 have been rather quietly occurred last week.

and have scarcely shown any move. ment.

12

Docks, Wharres and Godowns Kowloon Wharves were realised again at the outset at. 8185, but have since eased off to 8164. China Providents ATC wanted at $5.10 after transactions at 83.10 and 85.15. Whampoa Docks have reced- ed to $37. Hongkew Wharves are in demand at Tls. 260. Shanghai Tls 118 are without

Docks at change.

Lands, Hotels and Buildings Hong Kong and Shanghai Hotels can be placed at the infprared quotation of 810.80. Realtys are on offer at $0.03 ex the interim divid- end of 30 cents just paid. Hong Kong Lands have Auctuated between $783 and $791. The Rights have changed hands at 813 Humphreys Estates are obtainable at 816. Shanghai Lands have had a smart rise to Tis. 309.

Public Utilities-A fair quantity of Hong Kong Electrics were taken off the market at 877 and 878. China Lights (Old) receded to 824 but close firmer with buyers at 624h Hong Kong Trams are wanted at $16.10 after sales at 818.

Peak

The Finance Minister at Nanking stated earlier this week that China was continuing informal discus- sions with Britain regarding silver sales by India, and was cabling further instructions to the Chinese Minister in London on the subject.

The Chinese Minister had pointed out to the British Government that China's purchasing power had been reduced and her commerce disrupt- ed by the silver depreciation, with detriment to the trade and industry of countries trading with China. Reference was made to the difficulty of China meeting her gold obliga- tions, introducing monetary re- forms, and settling her arrears of debts. The hope was expressed that the Indian Government would with- hold silver sales at a low level.

a premium of $7.30 per share, viz., 815. At the close the market has weakened a little with sales report- ed at 8281, China Sugars were again negotiated at $13 Canton Ices changed, hands at 83. There are enquiries for Hong Kong Goy Trams (Oldy were bid up to 813.ernment Loan at 8 per cent pré- Telephones (Fully Paid) are sale- Cotton Mills-There has bern a able at $35. The Partly Paid recovery in the price of Ewes to shares are quiet, but steady at Tls. 12.10, at which figure they were $231. Star Ferries are quoted 884

Shanghai Cottons placed. with so business reported.

lapsed to a nominal quotation of

-mium.

Tls. 32.

have

Rubbers-Plantation Rubber is quoted 448. per lb. and the follow ing are the latest cabled advices received from Shanghai:--

Island Miscellaneous. - Green Cements have shown a slightly. easier tendency and the Combined shares were dealt in at $17.65 and $173 They finished up with buyers at the latter rate. Hong Kong Ropes were the medium of a large business and a strong demand for the shares on Wednesday last raised the price to $111. At the time of writing the market is a shade easier and they are now in request at $11.30. There was a sharp advance in the price of Dairy Farms to 8274 on the announcement of the news that the Directors have decided to increase the Company's Capital by the issue of 100,000 Fully Paid up New shares, 50,000 of which will be offered to the Shareholders in-the Proportion of one to every Four at

(Continued on: nest Column.) 23, 1930.

HONG KONG DAILY PRESS, SATURDAY, SEPTEMBER 6, 1930.

BRITISH COAL MARKETING DAILY SHARE QUOTATIONS

SCHEME.

(THROUGH REUTER'S AGENOT.)

LONDON, Sept. 4. At a meeting of colliery owners held in London to-day, the pro- paration of the central marketing scheme under the Coal Mines Act of 1930 was approved.

NEW LOW RECORD RUBBER PRICE.

[BRITISH WIRELESS SERVICE.1

RUODY, Sept. 4. Rubber touched a fresh low re- cord to-day, when the price was 4.7/18d. per pound.

AMERICAN TRADE WITH

ASIA.

ASTONISHING DECREASE FOR THE FISCAL YEAR.

[UNITED PRESS.]

Washington, August 31.-U.S. Department of Commerce analysis of reports of the fiscal year ending June 30 showed that exports from Asia registered decrease of G.2568,000,000 or 17 per cent. as compared with the corresponding period of last year, it was announc ed to-day.

5.

Imports showed a decrease of 10 per cent. for the same period, ac- cording to the department's statis- ties.

Major declines included, among cigarettes xports to Japan, cotton, copper, automobiles, tobacco, cotton, kerosene, and flour."

The chief declines of imports wore, from the East Indies, coffee and rubber; from China, wool and silks; and from India, burlaps.

EXCHANGE RATES. (BRITISH WIRELESS SERVICE.]

RUGBY, Sept. 4.

Pacis New York Brussels

. Geneva

Amsterdam

Milan Berlin

Stockholm

Copenhagen

'Oslo......

Vienna ar Prague Helsingfors Madrid

Lisbon Athens

$1,305

HONG KONG STOCK EXCHANGE

SHAREBROKERS" ASSOCIATION.

Велега Balos Nomica).

FRIDAY. SEPTEMBER 5.

Bellem Sales Nominal

Banks

£110

$510

H.K. Banks

*********$1,500

FOREIGN MAILS

RADIO NOTICE.

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

INWARD MAILS.

FROM

PER

Duz

Da (London) **

$27

Chartered Banks ... Mercantile Bks. "A"

„JARAN....

SHANGHAI and Swarow

Thiliwong... Shantung.

6th Sept: 8th Hopb

£12

Do.

+4

$121

Bank of East Asia...!

$115

www.

Insurances

U.S.A HONOLULU, JAPAN, and Shano»,

Bal (San Francisco, 8th August), and EUROPE via Smaania. (London, 18th "Angust);

Free, Adams

6th Sept

MANBA

Pros: Madiso

7th Sept.

...

$950

Canton Logarance..] $470"

Australia and MANILA

$3.65 $9.80

T.160 8143

Underwriters....$3.75| $2,85 | $4.85 North Chinas.......

T160

CALCUTTA and UTRAITS

·St. Albans LONDON Farcels (31st July) and STRAITH | Taucer

Taiyuan SHANGHAI and Axor

Yuentang...

7th Sept.

7th Sept

8th Sept.

+

8th Sept.

Union Insuranves.... $113

11.850 Yangtare Insurances

tooli

Pres. Pierce

Bapt

$400

F

China Firos

10th Sept.

8090

Tjipanas...

10th Sept.

Mantua...

-13th Sept.

Andrs Lebon

15th Sept.

T1.30

T.5

RAID

$40

91/3

$35

30j.

$400 ELK. Fires- $1,000

Shipping

8291

$25+

$43

Douglases

Steamboats

Indos (pre)................

Do. (def.)****

Shell Transports...

Water-boats

Mining

Benquets....

Kailans

Langkats (comb.) ........ 1.84 Do. (single) ...

Explorations....

Shanghai Loans Raubs

Tronch Mines

Godowns, etc.

HK & K. Wharfa.......

Docks, WharveS,

འཛཿ37,39⌘ཚོ

[TI£40"

$7,40

$165

$183

85.10 35.2036.20/15

$38)

Providents...sekund

$5.10

35.10% 15

HK. Docks

$39

T.118 Shanghai Docks

Tr

THE

Hongkows

7.580

10!!

New Engineerings

Lands, Hotels, and

HK. & S. Hotels...! 810)

Building

74

JAYA

SANDAKAN

+

U.S.A, HONOLULO, JAPAN and SHANG|

HAI (San Francisco, -15th August)

JAPAN and SHANGHAI SAIGON

OUTWARD MAILS.

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 before 8 am."registered and parcel mails are closed at 5 p.m. of the previous day.

PRI

FOR

DATE and TIME.

Straits, Ceylon, India, Mauritius, *E, and

B. Africa, Aden, Higypt and BUBUK Katori Maru vis Mareilles-ɗse Marecilles, 6th Oct.J

Shanghai, *Japan and EUROPE via Siberia Sutra Maru Babau! Amoy and Japan »

Sandakan

Hoihow and Haiphong

Manila.

H

-

Pres. Adams

8.45 & M

[Maturday, 6th, G.P.O.?

Reg

Lettors

9,90 AM

“Kowloon P.0.

Eetter

9.00 a

10,30 AM

S 30 M

430PX

'5.00 P K 6.00 IM

5,00 P

Hingang

Bremerhaven

Takada

Now Mathilde

Ohipshing

.5.00

Sunday,

Kiangata ve Horan Mara

9.00 A M

9.00 AX

unday,

8th,

Tear

8.20

Kweigang... Janion

10.30 AM

1.301 M

$.00 r

3.30.1

5,00 IM

Parcels

5.00 ? N

Foochow via Swebow ...

Bangkok via Swatow...

Bwalow, Amoy and Formoss.

Hoikow, Pakhoi and *Esiphong Hoihow ...

"Haiphong

Amoy Amoy

Shanghai, Japan, Honolulu, Canade, Ú.B.A.. Central and South America, and *EUROPE via San Francisco due Ban Francisco, lat Oct., and „*EUROPE via Siberia

Bydrangea

Yuan Sang

Pres. Madison... Bag. 5.00 zai

Today, 9th,

|Lattare: 8.30 ́à m

Swatow...

***

401

**

$10.80

$1090 $104 $79

H.K. Lards Dam.r

370

$75

Do.,

ex rights

$13

#134

Du

rights $13

$18

T.3001 $8.80 $9.95 ex dir.

Shanghai Lands ...

H.K. Kealtys

Humphreys

9 $15.40

ex div.

$87

Chinese Estates

Cotton Mills

1215/40

Ewoe

T.12

T121) 12,10/40

T.89 T.91

hai Cottons...................

Zoong Bings

1.80 19.30

Public Utilitisa

Straits and Caliutta

123.775 4.86 13/32 34.845

-T.12

25.045*

12.077

92.875

20.40

**

Do.

Fort Bayard, Hoikow. Fakhoi and Beiphong Swatow, Amoy and Fooobow

Ninghai

Parcels Nooa

Tuesday, 9th,

Kulsang

Letters

1.00 F

Tonkin

Hai Ning...

12.30

9.00 FM

18.10

$18.10

$124

Straits, East Africa via Mombass and

Kawachi Maria!

South Africa via Lourenco. Marques

2.30 F M

Reg.

3.00 PM

Letters: 6.00 pm

៖ គឺ ៖

Tramways

Peak Trams (old)

(new)...!

Star Ferries.................... 883

C. Lights" (old)...... #24

Do. (new)......

K. Electrica

Sandakan Lights

Telephones (fully pd.) Do. (part pd.) Chizia Basescu: Tractions ******

19/- Do. (pref.)

Industrials

15.10

19 16

318.10

$13

18.165

34.435

$3.30

181

184

$24.20

193 5/16

45.95

878

108.93

Bey

Macao do

373

#112

Bucharest

814

$35

Rio

17

$283

Buenos Aires

392

T.191

Bombay

1/54

Shanghai Hong

1/8

Yokohama

1/31 9/013/32 Silver, spot & forward 16 9/10

THEN

HN

TUSH

and *South American Ports ...

Shanghai, Japan and EUROPE via Siberia, Siberia Māru

......

1

Wednesday 10th.

1.00 PM Kowloon P.0. Parcela 450 M Beg.17th,9.00 ▲H Letters 10.00 AM-

· G.P.O.

||Par.,17th, 5.00 1. m Beg 13th,945 A

Letter 10.80 198

Tuesday, 16th, Kowloon P.0. Reg 1.00 2 M Letters 1.00 11 G.P.O. Reg. 1.15 m Lattari 1.30 M

Korelcom P.0.

Roge Lotters

$242

$78.

$771//781

Swatow ...

Kwongsang

Taiyuan

Amoy

8,30 x 4.80 M

828

$22{

Swatow, Amcy and Foochow

Haiching

Friday, 12th,

T.101 Caldbeck, 1(ord.)

T10.40 Macgregors (pref.)

Straite, Ceylon, India, Mauritius, Eart and South Afrim, Aden, Egypt and DUBOPE via Marseilles due Mar seiller, 10th October ...

Mantua

$3

Canton ices ....................... #a.10

Buyers..

$8.00

3.23 *250

LABOUR IN FRENCH COLONIES.

$17.60 $17.70 $17.701

$12

Do. (new)...

Cements (comb.)... $17.6 #17 $17.60

Do (old).

$13-

kik

14

Ropes

$10.80

10.90/11

China Sugars...

IMPORTANT DECLARATION

827

Malabon Bugars ........

$5

United Asbestos., «--

***

Straits, Ceylon, India, Mauriting, E. and S. Africa, Egypt and EUROPE via Marseilles-dns Marseilles, 18th Oct.

Kanaloma

1.15

Miscellaneous

2.00

1:20

Paris, August 31.-The Journal

Dairy Farms || $203

$26/

1:00

Der A. Wingsma

.93

$26

Amusements *********

$25

1.45 5.00

310

$1.85

Chin Entertainm'te.) $10 Constructions

Saigon, Caylon, India, Mauritius,>

East and South Africs. Egypt and EUROPE via Marseilles

dae Marseilles, 18th October

1.00 P

Aden.

Sphina

1.00 x

G.P.O,

***

Rcg.

1.13 PH

$1.90

$02

Lane Crawforda ... $1.80

·|Lafters ~ 2.00 r = Wednesday, 17th

$18

C

Aki Marú

欧录

Тарал

-9.30 AM

$11.60

Sinceres

811

Watsons.SAARISTA

$12

$2.85

Wm, Powells.

"B. Ind. G.$ Boods... 81%

H.K. Gort Loans...

81081

Anglo-Jaras Anglo-Dutch Batu Anams Chemors. Consolidateds -Kroewoeks

Repahs Tanah Merahs Tebongs Ziangbes Exchange.-The T.T. rate on Lon don is 1/2 and on Shanghai 823.

Forward Settlement Days,Sep- tember 29, October 28 and November

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," Shinghai), who are not responsible for cable mutilations:

NEW YORK, Sept. 4, 1930.

Tone of Market.-Easy.

No. of Shares, done-1,780,000.-

Call Money-2 per cent.

American Smelting

Anaconda Copper Baltimore and Ohio Borg Warner.... Continental Oil

City Service Common Curtis Wright Common Eastman Kodak......... Electric Boud and Share General Motors

General Railway Bignal Gold Dust......

Goodyear Tire and Rubber Granby Consolidated International Cement- International Nickel Amalgamery Ward m Radio Corp.... Radio Keith Orpiatim Seara Roebuck & Co.

Sept

Last Dividend.

Latost Sales.

3.50

101

3

None

300; A -None

Simmons Con

Standard Oil of New Jerses...

Standard Oll Co. of New York.

1.00

Union Carbide and Carbon.

2.60

United Aircraft and Transport...

None,

None

United States Rubber United States Steel

BY M. PIETRI

publishes a most important declara 926 35 326.63 $281/1|

tion by the Minister of Colonies, M: Pietri, on the subject of the attitude of the French Government with regard to labour legislation in he says, the Colonies." France, " has nothing to fear from a severe control of labour in the Galonies. In effect it she follows the practice of forced labour in some instances it is in imitation of such other coun. tries as Belgium, England and Holland." He added that France is proud of her Colonial work and would willingly accept the opportu- nity to demonstrate and even justify it before the other Powers. We would," he said, "willingly accept an international understanding on the subject and annual reports bat ia no ease would we accept inter- national control or inspection on the spot. That would involve a question of French sovereignty in connection with which there can be no concession." That according to the French Minister explained the. refusal of the -French delegate to vote for the convention at Genova, which involved an infringement" of national sovereignty.

312

Mackintosh.........

Nanyang Tobacco...

LOCAL AND REGULAR OUTWARD MAILS.

Canton

Macro & Trinshan

WEEK DAYS.

SUNDAYS & HOLIDAYS

From G.P.O.

Foo SHEDNOWINN BRAXON P.O.

FROK

.P.O.

FROXX BIKONGWA

BRANCH P.O.

·(7.15 am. &

18.00

1.30 0.02 7.00 p

(7.15 am. & 3:7,80 81-

1.15 p.m.

| 1.30 p.

6.00 pm. -6,00 p

•7.15 1.

9.00 m

Kongmoon (except Saturdays) 6.00 p..

Baukong (except Saturdays). Fatahan'(By Train)

The Brighton magistrates last month sentenced Stephen Bennis, aged 30, racecourse clerk, Nile Street, N.W., to six months hard. labour for welshing" at Brighton

T OF races. Police officers saw him take beta and rush away when the race Tal Fo had started and hide in a motor-

ear. When arrested he said, I Shumchun

had no money and got up and took

a chance." The police stated that

Beasts had three rames He took Cheungshow

handed tickets out in

het hy the panca Aberdeen another and third. Previous convictions dating Stanley back for nine years were reported. Autan, Fingshan,

Non-smoking compartments on the Great Western Railway are to be labelled as such. Smoking will be permitted in compartments pot

labelled.

9.00 .m.

8.00p.m. 9.00a.m.

3.00 p.z. 12.30 p.m. &4.30 pm. Saturdays 1.00pm &

-7.16 am, & (7.30 alin." &

·7.00 pt

5,00 pa Bandays (6 p.m. only | 7,00 pa

Sundays Lonis

[7.15 am & (7.30 am. &

L18 pan.1.80 pza. Bundays

Bundan 2.30

8.15 am only

6.00 p.m.

7.15 am. 9,00 B 9.00 4

-11.0

(11.00 10TM

4.89 p.m.

∙1.00 palle

1,000

Bbatia, Shata Ehengahul Balkung

·Bamban,“

(Famon)

2,00 p.m.

4.30 p.m

1.30pm.

Shakki

only

..6.00 p.x0.

6.00 pe

*Baperscribed correspondence only.

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