1930-09-10 — Page 12

12

Money and Markets

NEW YORK STOCK

EXCHANGE.

LEADING STOCKS LOWER.

LOWER PROFITS ADDING" TO UNSTEADINESS.

[UNITED PRESS.

New York, September 3-Áftër early firmness on the New York Stock Exchauge to-day, the market sagged and leaders closed lower, says the daily review of the Dow Jonca Financial News Agency.

U.S. Steel's decline below 170 resulted in mild pressure on other Lasues," the close being of two points

CANTON TRADE

NOTES. ་་་་ Deinand for four is not healthy and the market is overstocked Prices are steady

Foodstufr imported from the North on Monday were 20,000 bags flour, 8,007 bags beans, 1,950 bags groundout, and 900 bags groundnut

cakes.

Same 113.333 rolls of foreign piece goods were imported during last nonth showing an increase of 18,628 rolls over the corresponding period of last year

Prices of Chineso paper have gone up owing to abort arrivals. De

to 1683 and the Dow Jones averagemand for foreign paper is not for 30 industrials being off 283 to keen on account of higher prices 237.34.

caused by the exchange.

Bethlehem closed up to 87 in contrast the movements of many other issues. American Can was down 1 to 199: Westinghouse was off at to 1478; General Electric was down 11 to 71 General Motors was of 7/8 to 451; Chrysler was down 3/8 to 27; and Du Pont was down 3g to 116.

The Decline in Commodities.

Further doclines in the prices of wheat, corn and rye, together with a reduction in the dividends of seven companies and lower chain the store profits, contributed to unsteadiness. Kroger Grocery clos ed up an eighth to 25 Mont gomery Ward was off 1 to 35, and Sears Roebuck dropped 3 to 718 at the close. General Foods was off a quarter to BT.

The Dow Jones average for rails was off .34 to 131.20, with New York Central down 2 to 161 Pennsylvania off & point to 73 Canadian Pacific up 1 to 181 Rock Island up a point to 100; and Union Pacific down three points to 217.

The export of tea to the United States has decreased during the past few years owing to Japanese competition. It is reported that Japan produces over 80,000,000 pounds of tea annually. Over 20,000,000 pounds are exported, of which about-77 per cent. is consum- ed in the United States.

.COLONY'S TRADE.

STATISTICS FOR MONTH OF

JULY

are

|

HONG KONG DAILY PRESS. WEDNESDAY, SEPTEMBER 10, 1930.

LIKIN ABOLITION DAILY SHARE QUOTATIONS

IMPORTANT STATEMENT BY MINISTRY OF FINANCE.

HONG KONG STOCK EXCHANGE.

SHAREBROKERS”... ASSOCIATION.

Внучка

Bahara

Sale Kontest

TUESDAY SEPTEMBER 9.

Buyers Sellers Calm Winal

Banks

Shanghai, Sept. 4.Although the Ministry of Finance has long fixed October 10 next to be the date on which China would abolish her likin duty and instala new "Na- $1,010 tional Tariff," judging from the fact that after the abolition of

in the Government would not be able to meet her demands, par- ticularly at this time, when the ex- pedition against the North is at. its height, the Governments pro poral in this respect will be post- poned indefinitely.

***

$995

ESA

1.160

$147

1409.

$231

On this subject a special inter- view was granted by a responsible official of the Ministry and a cor respondent of the huo Wen News Agency at the Shanghai Office of $1,000 the Ministry this afternoon. In theory, said the Ministry's spokes.. man, "likin ought to have been done away with long ago, as it does the people no good but rather harm In fact, the Government finds it very difficult to have this "tax" abolished. Under present condi- tions, the Ministry believes that even the Trade Tax," which has caused much complaint from the people, is not so easy to aborish.

The simple reason is that the. Government is now at war with the insurgents and require, much money to finance the expedition. Moreover, since the Government has not yet been able to unify her finance she would be in great dan- ger if she give up her revenue sources in the form of likin and received

from the various provincial governmenta

Judging from present circumst ances, it will not be possible for the Government to abolish likin

none

B3

*****

ITMI

*****

1

£110

1915

£27

**15

HK Banks

$1,510)

Do. (Lpadoa) ... Chartered Banky ...

Mercantile Brs "A"

Do.

$115

450/00/-

$191 Bank of East Asia...

Insurances

Canton Insurancas.. $985 Underwriter's

North Chinas....................

Union Insurances... $447

M.850 Yangtare Insurances China Fires..............

HK, Fires....

1982

DIMI

$100

$1,000

umr

31.80

T160

$60

119352

Shipping

Douglases

$124

Steamboats

$25+

$40

Indos (pret)

$43

Da (dat)

90%.

Shell Tiansports ...

*33

Water-boat

Mining

$9

·Benqueta..

30

Kailans..................

96,9

Langkats (comb.) .......:

T1440

T8o. (single) ...

$7.40

T130 T.61

Shanghai Loans

Explorations.....

T.1

TO

$234

Raubsreisi

21/

.8162162/63

$6.15

$36

441

1.268

Returns of the Colony's trade issued by the Statistical Branch of the Importa and Exports Depart for the month of July show the and to insta! a new national tariff total value of imports as 836,094,877, by October 10. lo my personal including 84,378,121 classified, as opinion, the Ministry's representa treasure, The total is made uptive concluded, the earliest date for of 26,508,400 from the United Kingdom, $4,182,581 from British doing this would be in the 20th year of the Republic, that is to say Dominions and Possessions, 814, 1231. 790,558 from China, and 831,153,284 from other countries.

Total exporta valued at RUBBER TROUBLES. #13 855,540,834 including a tittle over 21 million for treasure. The details The Dow Jones average for 20 are United Kingdom 28473,592, utilities was off 1.13 to 85.48. In- British Dominions and Posssessiona ternational Tel. & Tel. rose a half 35,684,399, China $24,140,453 and to 41, but American Tel. & Tel ather countries $25,242,480. was down 1 to 213, with Pacific. The total tonnage of ocean-going Lighting of 1 to 77, Standard steamers entering the Colony during Gas. of 3 to 1037 and Columbia July was 1,241,162 for 513 vessels, Gas off 1 to 591.

of which 911 were British, 103 Japanese and 52 Chinese. River steamers give a tonnage of 357,604 for 427 vessels, including 306 British and 104 Chinese.

Utilities Lower.

Sales for the day totalled 1,744, 530 shares. Call money was up half a point to sh per cont.

QUOTATIONS,

New York, Sept. 4.

Market Waak. Business dono, 1,741,520 shares.

Adams ExpresS. 100 American Cam.

Sept. 2

3

*

...

American & Foreign Powar

American Bolling Mill...

American Bmelting

American Tel, & Tol.... American Tobacco "B" American Waterworks.... Ábaconis Anaconds Cupper

Atlantic Refining Ballimere

Obio

Bethlehem Stool

Borg Warner

Calumet & Heels

Canadiso Pacife Bailway"

Chicago Book Island

Chicago

Chenilar

Chrysler...

***

Citles Service Common.

Gas & Electria

Colum

Columbia Graphaphone Commonwealth & Southern Commonwealth & S. Warr. Consolidated Gse of N. T. Continental Cil...

Corn Products ...

Curtian Wright, Common Du Pont de Nemours Bastman Kodak.... Electric Bond & Share...

Erie Railway

Fox Film"&

TA

General Electric

General Foods....

General Hators ...

General Bailway Signal

Gold Dust

Goodrich Rubber

271 281 1801 120

... 731 721

*** 522 521

834 69

216 2111

257 252

903 69

337 83

-102 1011

291 204 131 131

841 87

170† 181)

09 100

29

89

171 1G

137 12

109

04

... 1919

931

120 1161 218. Unq 821 82 Hush, 40

511 501

731/711

.

During the month there were 511 departures of ocean-going steamers, including 211 British and 109 Japanese, the total tonnage being

The tonnage. 1,237,295.

river steamer departures was 358,588 for 424 vessels including 308 British and 90 Chinese.

EXCHANGE RATES.

[BRITISH WIRELESS SERVICE.]

Paris New York Brussels Geneva Amsterdam Milan Berlin Stockholm Copenhagen Oslo.....

Vienna PIBUC Helsingfors Madrid Lisbon Athens

RUGBY, Sept. 8.

Bucharest............›

Ria Buenos Aires

Montevideo

Bombay

Shanghai

Yokohama

193.825

4.867...

34.85

25.035

· 12.073

92.823

20.415

18.095

18 16.

18.17

34.423

1637

183 3/16

44.95

108.95

373

911

4 13/16

391

40

1/51 1/71

1/3 11/16

2/0 13/32

Silver, spot & forward 18

LONDON PLAN FOR CON-

TROLLING MARKET.

:::

Tronoh Mines

Docks, WharvBE,

Godowns, etc.

1.117 Shangbai Docks ...

New Engineerings "Hongkowa .............. ostin

Lands, Hotels, and

Buildings

FOREIGN MAILS

RADIO NOTICE.

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

INWARD MAILS.

FROM

Dur

„SHANGHAI BEd Swarow

Sindrang

10th Sept

Axor and Hwarow .....

Cromar

10th Sept

AMOT

London, 14th Aug and

August)

parcels, 7th

Talma

"Malwa

Luth Beph

11th Sept

Taiping...

13th Sept

Prai, Jackson

13th Sept

Keatus ....

19th Bapt

· Andre Labon

15th Sept

Spline.

18th Sept.

4sama Maru

17th Bet

Pres. Harrison

20th Sept.

-

Pris. Taft

Emp, of Japan

22nd Sept

94th Sept.

#

Bumors via Susz (Letters and papers,

· AUSTRALIA Ènd MANILA

USA., Uinada" Japan, and Shanghai)

Seattle, 23rd August)

SAIGON

and Shanghai

JAFANDEnd BILANGHAI JAPAN +99

U.S.A, HONOLULU, Japan and SHANG- BAI (San Francisco, 2nd August). USA, HONOLULU, JAPAN and SHANGHAI

(San Francisco, Ruth Aug.)...............

* CANADA, U.S.A., HONOLULO, JAPAN sadį BHANGRAI (Vancouver, BD, 4th Sept.)

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 9am, registered and parcel-mails are closed at 5 p.m. on the previous day.

་་་

Foz

་*

Amoy ***

Haiphong

Swatow...

Shanghal and EUROPE via Siberia

Hoihow, Pakhoi and Herobong

Japan and Victoria, B.O.-dae Victoris,

B.C, 7th October

*Straite and "Caloutta

Pra

DAT and TIME

Wednesday, 10th,

Kwonysang Ninghai...

Oremier

Deli Maru...

Taiyuan re

8.30 x 380 M

Thursday, 11th

10 00 AM 10.30 AM

1.30=

·2007 M

8,00 M

Swatow

H.K. & K. Wharfa....

$162

Amoy

Providents...mimin $5,20 HK, Docks

#39 T118

Strait

1.7

Formosa via Swatow and Amoy

***

10. G. Maurice Long

Bydrangea

Friday, 12th,

Malwa

Lamoñora ...

8,50 AM 8.30 &

Toucer

Taima

Swatow, Amoy and Foochow

Hatching

Straits, Ceylon, India, Mauriting, East) and South Africa, Adon, Egypt anli AUROPE in Warneillos--dus kint- seilles, 10th October

Mantua

4.

T.80 T9.30

ex rights $74 rights $13

AS

$11.10 $1120)

$787

HK. & S. Hotels H.K. Lands cam, r

$11

379

$75

$13

Do

T.237

Shanghai Lands

$81.

HK. Hesitys

DOGOULDI

$16

Humphreys

187

Chinese Estates

Cotton Mills

Έπος

T.12 T12.65

London, August 30. Mincing T.123 Lane is now discussing the new rubber restriction scheme, which according to the Morning Post, is to be determined, not on price, but by the world stock level.

$18.10

$13

88.30

$25

$197

8782

The underlying principle is that supplies should be curtailed or re- leased according as world stocks rise or fall the agreed "pivotal? surplus, which gives, a reasonable margin of safety to the consumers. Such margin will be provided if stocks exceeded the three months'

Assuming that supply.

four $35 monthe supply sa reasonable figure and the world consumption rate is 750,000 tons yearly, the "pivotal" surplus will be 250,00 tons.

CEYLON AND RUBBER RESTRICTION." PLANTERS NOT IN FAVOUR OF THE DUTCH SCHEME,

་་-་

Colombo, Sept. 2.-A referendum has just taken place among the rubber producers of Ceylon on the initiative of the Dutch groups who are seeking to bring together zub- ber interests.

J

In opposition to the proposals which were made, the local pro.. ducers decided against any new restriction project.

Botter Tendency in Rubber Shares. Paria, Sept. 3-Rubber shares have been favourably influenced by the persistant efforts made towards". restriction, and an improvement bas taken place in their prices.

AMERICAN STOCK QUOTATIONS.

LATEST WALL STREET PRICES.

461 45

82. 04.

42

Hong Kong

23 221

Goodyear Tire & Rubber

Granby

221 221

Chocolate

051 : 85

243 244

96

Muth

200

401.41

84341

Mail.

23-22

Tone of Market-Irregular.

18 14

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

1681 1612

124 12

American Smelting.

101104

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

#1!

uung

יוי

T.88 Shai. Cottons.......................

T.

Zoong Slags

$81

Public Utilities

Dai

(new)

$9.10

$140

##

Tramways ***** $18.15

Peak Trams (old)...

Star Ferries

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

Do. (new)...... 201

தார

$79

FLK. Electrica

Macao do.

8113

Sandakan Lights...

$3

T.191

10/

19/

Telephones (fully pd.)

Do. (part pd.) China Busesäum Tractions...onion

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

Industriais

T.101 Caldbeck, (ord)

383

144

⠀

$18.26

4100

Australis (except places North of Towns

ville) and New Zealand via Singapore and Brisbane-due Brisbane, 4th Oct.

Bangkok via Swałow u

Swalow, Amoy and Formoes

Japan, Canada, USA C and S. Amorios and""EUROPE is Victoria B.Q.- "dae Victoria, B.O., 3rd October

Shanghai and EUROPE via Bīberis

· Mantua connecting with J. Nieure Hot land at S'pore.

Proa, Pieros

10,30 AM

Parools 19.30 Y M. Lattars

1.30 –

1.00 F M

Kowloon P.U. Parcals 4.30 ↑ m Reg.13th,9.00 M Letters 10.00

G.P.O.

Par. 12th, 3.00 v M Beg 18th,9.45 à ̧à° Letters, 1080 A M2.

Saturday, 12th,

Rog

9.15 ▲

Letters 10.00.

Sunday, 14th,

Kaying Canton Maru

9.00 & M

9.00

Friday, Parcal Bag, Laftars

15th,

3.00 2 W

415. M

5.00 x =

Keg

5,00

Pres. Pierce

swatow, Amoy and Fouchow

Haisang

T10:40 Macgregors (prof.)

Canton Teas

$3

818

Caments (comb.)...$17.80 $17.90

a12

'Do (old)...

Straits, Ceylon, India, Mauritius, E. and]

8. Africa, Egypt and EUROPE vis Marseilles dus Marseilles, 16th Oct.

Menelaua

1.00 PM

362

Do. (new)...

811

$11+ $11

$11

Ropes **** $11.10

$11.20

$1.15. China Sugara kesän

$27 Malabon bugars .-•|

$29

$5

United Asbestos

Saigon. Ceylon. India, Mauritino,,

*East and South Africa Ades *Fgypt and EUROPE via Marseilles -due Marseilles, 18th October

Sphina

$11.80 $12

8%

Miscellaneou

Dairy Farms..........

Der A. Wings-ar

H.K. Govt Loans.....

LOCAL AND REGULAR OUTWARD MAILS.

Ивом и SINUNGWA

BRAKOR

RON!

7.80 km,

7.00 pm. Sundaye

Letters

Reg.

Emp. of Russia

Reg.:

Shanghai, Japan, Canada, U.B.A., C. and

É. Americs and *EUROPE via Yas couver, B.C.de Vancouver, B.O.. 4th Oct., and Europe via Bibaris

Swatow...

Foo Bhing dki Maru.. "Tenan

Cheongshing

Gatters.. -- 6.00 ý x2

Tuesday, 16th...

1.00 Kowloon P.O Bog, 1.00 M

Reg.

·G.P.O.

1:45 PM

Lettera 9.30 F M

Kowloon P.Ü. :

Beg "1.00

Letters 100. 2. X .G.P.0,

L15 PM

Letiam 2.00 ♬ w ̈ Parcels 6.00 PM

Wednesday, 17th,”

∙∙9.15 as

«Letter 10,00 A'M,

Wednesday, 17

9.30 A

*480

**5.00 PM

Thursday, 18th, Parooli Noon Letler 1,00 PM

5,00

3.30 FK

Empress of Japan

ribed

rrespondanos only,

Wednesday, 24th,

$26.35

$26.85

$281

81

$26

Amusements .....................

$25

STO

Chin. Entertainm'ta.]<$10

813 $2.65

Constructions......

$1.90

$19

Lane Crawforda....

Mackintochst

$1.80

$11.60

Nanyang Tobacco... Sinceres

Гарка

Amoy

$11.40

Watsons re

WILD

$12

Foochow via Swatow

$285

Wm. Powella.......

B. Ind. G. Bonds... 91%

$1081

Straits and Calcutta Amoy

Horang

Kumsang...

Manila

WEEK DAYS,

SUNDATS & HOLIDAYS

FOR

FROM G.P.0.

Ряск SHRUNGWAN BRANCH PO,

FROK G.P.O.

7.15 m.

Canton

Last Dividend.

Latest Sales

í 7,18 a.m. &) 28.00, puth

730 x.m. 17.00 pm.

6.00p.m. | äundays · (5pm. only

7.00 p.zo. Lonly

-71

471

(7.15.1. & 17.30 &

101

Маско 4

ƒ.7,15 km, &} {7,80 mm;

1.16 p.m.

115 pm

[ 1.30 p.m.

Sundays

Nous

Nono

218

Kongmoon (except Saturdays) Laukong (wxcept Asturdays).

6.00 p.m

6.00 p.m. 1:00 p.

| 8,15 #2

Louly

6.00 p

1.30 am.

Sunders

8,80 BIL Lonly

6.00 pl.

6.00 pm

Fatahan (By Train)

7.15 IL

7.15

· Tai 6-

9.00

Tai Po

(0.00 2.m

8.00 pm 9.00am 2600 7,00, 12.50 p.m

& 480p.m Haturdays 100 pim.& 4.30 patti. 8.30.2 1:00

0,00

9.00 8.0,

110

(11.00 am,

FACTS AND FIGURES

For the Busy Business-Man

interested in Hong Kong and

South China. The "Weekly

Press (price 30 cents) will be

mailed for a year to any place

the world for $16. Specimen Copy Free.

NEW Toa, Sept. 8, 1930.

Kerabay

International Cement

International Combaston Eng.

Harvester

International Tel, & Tal

Johns Manville,

Kennecott Copper

Toll. Kreuger &...... Kroger Grocery... Liggett & Myers B} ***

Louws' Inc. Ludlam Steel__.

Montgomery Ward

Nevada Consolidated Copper

New York Central

Pacific Lighting

Packard Motor Car

Paramont Publix Corpor

Bailroad

Pons Corporation....

Fennroad

Phillips Patroloum

Public Service of New Jersey.

Radia Corporation

Raido Keith Orpheum...

Reynolds Tobacco "B"

Bears Roebaut.

Shell Union Banka moy

Bimmons.

Company

Southern California Edison... 563 Ung..

fas & Electrio

Oil of Now Jersey

Standard Oil of New York

Texas Corporation

Texas Gulf Sulphur

Timken Holler Bearing Trans America Union Carbida & Union Pecifle Railway

Carbon

United Aircraft & Trans United Gas & Improvement

United States Bubber

United States Steel Vaxadlin Warner Bros. Plotures Westinghouse E. & M.

Woolworth

Anaconda Copper Baltimore and Ohio Borg Warner Continental Oil”; City Service Common Curtis Wright Common Eastman Kodak ................ Electric Bond and Share" General Motors

General Railway Signal Gold Dust, qarkuterieruses Goodyear Tire and Rubber Granby Consolidated International Cement International Nickel

Montgomery Ward

Radio Corp

201 253

691

106401

81

61 617

68 Ung.

78 220217

Noon

791

Radio Keith Orpheum

Nore

Sears Roebuck & Co

ZD

Simmons Co

20

Standard Oil of New Jer

70-178)

"Standard" Off Co. of Now. Union Carbide and Carb United Aircraft and Trant Daited States Rubber...... United States Stool

1.00

2.00

None,

-Nore

Shuch

Chaungchow

&.4.30 pm

8.30 in.

1:00 jam.

Aberdeen

•Stanley

Autan, Pingshan, Santi

Shatin, Shatankok and Sheangahul

13.00 pm.

· 10,80 3

Balkung

((Fum(in)

4.30 paras

Naztan, Shežki & Taiping

1450 PARK

$7.00 pm