1930-09-16 — Page 11

SHIPBUILDERS,

SHIP REPAIRERS,

BOILER MAKERS,

FORGE MASTERS, OXY-ACETYLENE AND

ELECTRIC WELDERS,

MECHANICAL AND ́

ELECTRICAL

ENGINEERS.

-DRY DOCK,

Length 787 Feet." Length on

OF HONG KONG, LIMITED.

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

Salvage Tug "TAIKOO”

V.P.G.N. 600 METERS,

TIPO 68272ÚJA

Blocks 750 Feet Depth on Centre of SII (B.W.O.S.T.) 94 ft. 8 ins.

THREE SLIPWAYS-

Capable of Handling Ships Up fo 1,111 Tons Displacenset.

いまじむ

Electric Grane, at Sex Wall Capable of Uring 100 Tons

at 70 Feet Radius. VP.

BUTTERFIELD & SWIRE, Agents,

HONG KONG, CHINA & JAPAN.

TEL. ADDRESS: "TAIKOODOCK, Hora Koma"

TELEPHONE: 321

CALL FLAG: "0* ÖTER "ÅNS. PENNANTÄ.

HAMBURG-AMERIKA LINIE

H

VESSEL.

FAR EASTERN MAIL-FEEIGHT—and

PASSENGER

- between: ...SERVICE JAPAN, CHINA, HONG KONG, PHI LIPPINES, STRAITS SETTLEMENTS,

COLOMEO and EUROPE.

#

SAILINGS TO EUROPE.

DESTINATION.

1

LEAVING HONG KONG

11 Oct 25.Uct.

M.V. "LEVERKUSEN" (1) Genos, Rotterdam & Hamburg 8.5

Genoa, Rotterdam & Hamburg "SAARLAND" (1) M.V. "KUMERLAND" (1) Genoa, Barcelona, Rotterdam

& Hamburg"

8 Nov. OLDENBURG" (1) Genos, Botterdam & Hamburg 23 Nov

Other Ports of Call if Inducement offers." ARRIVALS FROM EUROPE.

6.9.

S.S. "SAARLAND" (1)'

M.V. KULMERLAND" (1)

DUE HONG KONG. 30 Sept. 13 Oct.

Subject to Alteration without Notice.

(1). Excellent Accommodation for Passengers, Qualified Surgeon carried.

Fare from Hong Kong to Genos from £70.0.0.

(2) Limited Passenger Accommodation, Qualified Surgeon carried.

(8) Cargo Boat No Passenger Accommodation.

For further particulars please apply to:

JEBSEN & CO.

AGENTS.

13. Yedder Street, Hong Kong.

Tel. 24754.

Hong Kong Weekly Press

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Local Sweep Tickets

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Enclosed please find cheque for twelve dollars. being subscription to your Society for the current year.

HONG KONG DAILY PRESS.

METAL MARKETS.

TIN STOCKS IN HONG KONG.

The following report, dated August 2, has been received from Messra Rudolf Wall & Co, :~

Markets have been quiet and featureless and, movemets being- confined within parrow limits prices at the close" show little or no change as compared with those prevailing a week ago.

Tin

TUESDAY, SEPTEMBER 16, 1930.

NEW YORK STOCK

MARKET CRASH.

RESULTED FROM BAD BUSINESS CONDITIONS.

[UNITED PRINS.]

New York, Sept. 8.-The stock market crash resulted from, instead of causing, current adverse business conditions, Mr. George Whitney President of the New York Stock Exchange, tald hoarers at a lun- choon here to-day.

Mr. Whitney declared that con- sumption has been unable to keep pace with the enormous production of recent years.

JAPAN'S TRADE.

BANKS TO STUDY FINANCES.

[UNITED FREES.]

Tokyo, Sept. 2-The most powerful banda in Japan namely, Mitsui, Mitsubishi, Daiichi, Kawasaki, Yokohama Specie, Industrial Bank of Japan, Bank of Korea and Sumitomo have just formed a so- called "Industrial Investigation Society" whose aims are to study, on request of its members, the financial situation and manage ment of the enterprises they might have to deal with.

Tin has been quiet and on the whole a shade firmer; the best prices, however, have not been maintained and the market, react

The yearly subscription amounts ing later in the week, closes only 37- When the breaking-point was to 7.5,000 for each member. The higher for cash and unchanged for reached, it simply preceded an un-head office of the new organization three months as compared with our avoidable crash Business is now will be in Tokyo with a branch in last report. Sales in the East bare paying for the consequences of ar Osaka. It is planned to work for five years with possible prolonga- been comparatively small again,tificial price £xing, he said. amounting to only 1,085 tons; ship-

tion. ments thence up to the 18th instant were 3,787 tons, and for the month are still estimated at 7,500 tons. The premium on Straits tin is now quoted at £1.30 to £1.15, the ad vance being ascribed to the smaller U.S. TREASURY RECEIPTS.new combine and express the fear sales which have been reported in the East during the last week or

30.

The speaker decried attempts at governmental regulation which aims at the stabilization of com- modity prices.

DROP IN AUGUST.

AMERICAN CONSUMPTION

Banke is The premium on

New York, Sept. 6. The receipta nominally quoted £3.10 to £4.

Business with consumers in Eng of the U.S. Treasury during the land and on the Continent has been month of August totalled U.S. U.S. against fairly well sustained, but for the 8127,388,000 time being gives no evidence of 8224,117,000 the previous month. definite expansion. Eusiness in The available liquid cash amounts America is reported quiet. The to U.S. 81,136,240,000. market has prosented no fresh feature of importance, and the com- parative steadiness is due to the fact that on the one hand the price" is low and offers little probability of further important decline; whilst on the other hand the outlook is still very anocrtain; the situation in this respect is still largely bale, consumed during the same governed by the restriction of out-period last year. put now in process, the extent and importance of which and the re- sultant influence on the statistical position being very difficult to de- termine.

i

The market on the whole main tains a firm undertone and though sustained advance is unlikely until the industrial outlook more de- finitely clears, the future is regard- ed with lesa pessimism, and the im- pression tends to gain ground that the limit of the present depression may have been reached.

Hong Kong Stocks.

Under date July 18 our Hong Kong House advises that the Yun- nan railway has now been repaired, permitting the transport of rough tin Stocks in Hong Kong are around 1,000 tons..

Options-Double £12 to 212.10; Single £8 to £6.3.

Cash.185 (opfning), 3135:15 (highest), £134.5 (lowest), (closing).

OF COTTON,

New York, Sept. 5.-America's total consumption of cotton during the first six months of 1830 totalled 2,455,000 bales as against 3,044,000

#

Aug-£18.6.3 (opening) £18.7.6 (highest), £18.5 (lowest), £18.6.3 (closing)..

Sept.-£18.3 (opening), £18.5 thighest), £18.3.0 (lowest), £18.3 (closing).

Oct-£18.5 (opening), £18.5 (high- est), £18.3.9 (lowest) £18.3 (clos ing).

Nov.-£18.3.8 (opeping), £183.9 (highest), £16.20 (lowest), £18.2.6 (closing).

Turnoyer for the week 1.730 tons.

Spalter.

Spelter was firmer during the earlier part of the week, and with a moderate general demand, seliers' at the same time showing some reserve, prices advanced to 216.2.6 for August and £16.13.9 for Novem- ber, the market on the whole pre- £134.7.esenting a rather firmer appearance. Yesterday, however, the market was subjected to some fairly heavy. selling for August which, coming rather late in the month, found buyers with their requirements mostly satisfied and not prepared to purchase large quantities, with the result that the price broke rather sharply to £15.15 för this position. Later shipments gave way in sympathy but not quite to the same extent, and the contango there- fore, increased to 12/3d as compar- ed with 8/9 last week

Three months.136.16 (opening), £137.5 (highest), £135.15. (lowest), £135.17.6 (closing).

Turnover for the week 2,000 tons.

Copper.

Japanese industrial circles have, received the nowe of the society's formation with mixed feelings. Enterprises of minor importance seem to be afraid of this powerful

that it will only make their exist enco more difficult, the present crisis already endangering their position.

INVESTIGATION OF CHINA

TRADE.

[UNITED PRESS. }

Los Angeles, Sept. 9.-Senator Key Pittman's committee of inves

tigation into the China trade situa tion will begin its hearings here to-morrow.

Hearings in San Francisco ter mrinated some days ago. There will be similar hearings in other im portant West Coast cities.

EXCHANGE RATES.

· [BRITISH WIRELESS SERVICE].

Roary, Sept. 14.

Paris New York: Brussels

Genera

Amsterdam Milan

Oalo Tienna.

Prague

123.755

: 4.86"

31.805

25.055

*12.071.

92.703

Berlin

20.402

Stockholm

18.095

Copenhagen

18.16

18.17

34,405

1634

193

44.45

109.23

375 814

4 31/32

41

415

2/54

1/71

1/31

2/01

Helsingfors Madrid. Lisbon. Athens Bucharest Rio

Buenos Aires Montevideo Borabay Shanghai Hong Kong

Yokohama.....

Silver, spot & forward 16 13/16

BERLIN STOCK EXCHANGE.

Berlin, Sept. &-The improve- ment of the Stock Exchange market continued steadily throughout "the day, extending for the first time in long peried to Federal and State loans.

Copper, after a slightly firmer opening has reacted, the price show ing a decline of 8/9d. for cash and 5/- for three months as compared with our last report. Movements have been confined within very narrow limits, the steadiness of the market reflects the uncertainty with To-day, however, witnessed a which the future is regarded and slight recovery. Business with cons the doubt which surrounds the posi-aumers in this country remains tion in America, where industrial grettably dull, "galvanizers for the reports are very conflicting. Elec most part still complaining of lack trolytic is still reported to be sell-of orders. On the Certinent, quiet ing at 10.75 cents, but the lower conditions" also are reported and prico has not encouraged any very some selling for Continental ac active demand and business has been count has taken place, and though dall, sales being reported light. sales have not been large, yet in Apart from the fact that the price the present state of the market they is low, there is little in the prescut have not been without their in- position to stimulate confidence and fuence on prices The price has the outlook for the time being now fallen. back to about the lowest would seem to offer little prospect recently touched, and has reached a

level at which a good deal of re sistance is offered to further derrubber, which fe depressed by cline.

reason of the difficulties in the way The present price offers little at of restriction, the tone of the traction to sellers, and a produc- Bourse continue, sa sound by Was tion is already suffering some

of recovery.

Options-Double £6; Single £3. Cash £47.76 (opening), £47.7.6 (highest), £48.17.6 (lowest), £46.17.6 (closing).

Three months.£47.7.6 (opening), £47.10 (highest), £47.1.3 (lowest), Ext.1.3 (closing).

Turnover for the week 2,335 tons.

Lead

PARIS BOURSE.

Paris, Sept. 9.With the excep- tion of certain amall sections such

curtailment and the technical posi-noted last week.

tion is fairly sound owing to much While business is generally quiet of the bull account having been

eliminated, the market might easily it has increased moderately, and experience some recovery, especially there are more buying than solling Lead has ruled steady, the price if confidence were to return sufficient orders: French bonds are firm, for August showing a small advance ly to stimulate a little more in- of 2/6d., whilst that for November terest on the part of consumers, remains unchanged as compared who, having for some time adopted with our last report. The com- e hand to mouth policy, are appar parative firmness of the near posiently garrying very little by way of tion can scarcely be attributed to reserve stock. The market in any shortage of metal but is the America is reported quietly steady more to technical consideration the price remaining practically and controlling Demand on the unchanged

whole continues disappointingly Options-Double £1.16; Single quiet, and it remains to be seen 17/8d4METAL

whether the support which the Aug-216.1.3 (opening), £16.2.6. market enjoys at the hands (highest), 218.18 (lowest) £18.18.9 of infiuential interests will main(closing) des

WARSHIPS IN HARBOUR.

The following warships were in

the barbour yesterday:

Basin Tamar

East Wall-Seamow, Moorhen, Dock Scrapis, Seraphy Moth; > No. 6 Buoy-Caradoc

No. 10 Buoy Sepoy Foreign Men-of-War

U.S. gun-

tain the price until the pre- Sept. 16.2.8 (opening), Lies boat Mindanao, Portuguesa cruiser sent rather adverse circumstances (highest), £16 (lowest); £16.2.6 Adamastor, French gunbost-Tige governing supply and demand (closing).

lanteand Chinees gunboat Ming give place to better conditions Oct-21676 (opening), £16.10 Sang resulting from improving industry (highest), £166.3 (lowest), £16.7.6 and a more active interest on the (oloring) beton part of buyers generally

Nor+£16.10 (opening),216.13.9 The Bem ne sa Benglos from Options-Double £1.10; Single (highest), £16.7.6 (lowest); £16.10 Leith, Middlesbro, Antwerp, Lon;

((closing)Angelyn (quages

don, Straits and Philippines is due. (Oontinued on next Column.) Turnover for the week 1,050 tone. to arrive here on September 24

18/

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