1930-09-22 — Page 12

Money and Markets

MISSION TO THE HONG KONG TRADE.

FAR EAST.

INVESTIGATION OF TRADE WITH CHINA.

(THROUGH REUTER’4, AĠENOY.]

LONDON, Sept. 19.

PIECE GOODS ACTIVITY

CONTINUES.

The fortnightly price current aud market report, issued by the Hong Kong General Chamber of Com- merce, contains the following:- Cotton Piece Goods and Fancy Cotton Goods.

The Economic Mission to the Far East has sailed from London aboard the P and O. ss. Mace-The following reports have been donia.

Sie Erarst Thompson, interview- ed by Reuter before his departure, said that they were first going to Japan. They anticipated the visit with the greatest interest. They had much to learn from Japanese ethods of production, and the wonderful gift of intensive organi sation, and would be glad if, in the discussions with the Japanese, the mission would add anything which would be to their mutual advantage. The mission would arrive in China at the end of November.

received:

The enquiry reported in our last report for Coloured Striped Shirt- ings and Black Cambrics found ite way to the order books after minor price

adjustments. Appreciable quantities of both descriptions were done, in addition to further sorting up lines of Light Cotton Fancies.

Dealers' requirements for next Spring trade must now be pretty well filled

Cotton values shew little change. Mid. Am. "Spot' 6.33d. Eg. Saket. 10.70d.

Another report states: Since last reporting further business has been. settled in Striped Poplins and Referring to the decline in Cotton Brocades. Orders are also Britain's proportionate share of raported to "have been booked for China's trade, Sir Ernest Thomp- Check Shirtings and Black Cam- son said that is was essential for brics Clearances have been satis- British industry that the mission factory and the local market ap- should discover the reasons for this,pears to be fairly active.

and in

their what respects competitora were. meeting more. closely than they "were the require ments of China; also what steps they must take to bring to con- aurers in China the goods they wanted.

י

נן

Mr. Henderson's Meuage.

Mr. Arthur Henderson has sent a message to the chairman of the mission expressing very cordial wishes for a prosperous voyage and success for their labours:

"Your visit to Japan is a sigu of the uninterrupted friendship so happily existing between the two. visit countries. To China your

will be an assurance of the deep interest of the British Government and people in that country's we). fare."

The following statement was is sued in London on July 30 from the Department of Overseag Trade:-

Woollens.

There has been some enquiry for. Union Gaberdines, but new busincas is difficult to arrange on account of the higher prices required, as a result of the drop in exchange since the last orders were placed. Clear: ances of Woollens are commencing and the new Winter cargo is now receiving attention.

SOVIET SELLING AMERICAN

WHEAT SHORT, - RESPONSIBLE FOR FALL IN PRICE,

In

&

[REOTER'S AMERICAN SERVICE.]

WASHINGTON, Sept. 20. telegram sent to the Chicago Board of Trade, Mr. Hyde Secretary for Agriculture, declares that it has been establish In pursuance of their policy of ed without a shadow of doubt that sending, commercial missions to the Soviet, through the ngis of the. oversea markets to study the possi-All-Russia Textile Syndicate, which subsidiary of the Amtorg bilities, of developing British trade is a with those markets the Government Company (a Soviet business con- have decided to send an Economic cern in the United States, whose Mission to the Far East, constitut-headquartorg were raided by the police last year) has been selling ed as follows:~~~~

wheat short on the Chicago market. This has contributed to the fall in the price of wheat, to the detri- ment of the American farmer,

The Personnel.

J.P.

Sir Ernest Thompson, (chairman also chairman of the

The telegram adds: "It is ob viously impossible for Russia to deliver grain to Chicago over our tariff of cents a bushel."

Cotton Sub-Mission); chairman of the Executive Joint Committee of Cotton Trade Organizations, chair many Cotton Trade Statistical

Canada Affected. Bureau; late president, Manchester Chamber of Commerce; a governing

WINNIPEG, Sept. 20.. director of Morreau, Spielgelberg With the heavy offerings of the & Thompson, Limited, and of new crop of wheat, prices, fell the following associated com yesterday to the loweét figures

Fraser, Sona & since 1906.. panies: Gao,

Co., Limited. Brown, Jackson Co., and J. Hobson & Ce.

N

Sir Thomas Allen, director, Co- operative Wholesalo Society; chair- "man, Co-operative Insurance So-

diety.

Mr. James Bell, J.P., secretary 01 United Textile Factory Work- ers Association secretary of the Oldham Weavers' Association; vice- president of the Amalgamated Weavers' Association.

་

October futures are closing at 77 3/3 cents.

HONG KONG DAILY PRESS. MONDAY, S SEPTEMBER 22, 1930.

RUSSIAN SAWN TIMBER.

SWEDES REFUSE TO HANDLE

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE

Nominal

SALE.

Baytes Ballara

(THROUGH. REUTER'S AGENCY.]

!!!!

Balne

***

· SHAREBROKERS' ASSOCIATION.

Į SATURDAY. SEPT. 20.

Banks

HK Banks

Buyers Bellary

Solar domina!

***** $1,525

Do. (London) ......x! Chartered Banks...

:::

STOCKHOLM, Sept. 21.

The Swedish Timber Dealers' $1,495 $1,630 | $1,895| Association have refused to handle the sale of sawn' timber from Russia.

WORLD'S TRACTOR TRIALS.

BRITISH WIRELESS SERVICE,]

RUGBY, Sept. 10. Competing at the world tractor trials held in London against 30 other types of tractor made by firms from all parts of the world, a not- able socess was scored" by British built Diesel-engined machines.

$110

$150

$400

$1,050

$25

*

*!!

North Chinas...---

China Fires·******

H.K. Firesi

Shipping

Douglases

Steamboats

$40

Indoa (pref)

*$35

Do. (dof).............

90/-

Shell Transports...]

Water-boats

FOREIGN MAILS

On and after Wednesday, 1st October, the entrance to the Parcela Delivery: Section of the General Post Ofice will be in Des Your Road opposite Mussra, Whiteaway & Laidlaw's Store..

Parvels for posting at the General Post Office should still be handed in, as at present, over the counter in the Public Hall,

RADIO NOTICE.

..

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

INWARD MAILS.

£106

£18

228

£19

Mercantile Brs. "A"

Do.

FROM

PXB

Don

Bank of East Asix

Insurances

$1,010 NOTABLE SUCCESS OF DIESEL 90

ENGINED TRACTORS.

Canton Insurances. $1,000 Underwriters

*****$1.85

1.160

Union Insurances ... $452)

M.$30 Yangtaze, Insurances.

$400

$1,000

m⠀⠀

| $1,040

USA, KROLUzu, Tapin and SHANGKAI (San Francisco, 19th▲ng.), and EUKOPI vis binnata (London, 4th September...) JAPAN WAS

Shanghai and Akor

Free. Taft

22nd Sept

Alento Maru

Sand Sept.

Такушая ...

12nd Sept

T180

SHANGHAI and NWATOW

Kingyuan

23rd dept

Oslopeta and STELTE

Sut Sang

24th Sept.

$80

Asoy and dWATOW ...

Fan Haulas.

4th Sept

STIANS

Nagpur

gith pept

Canada, USA., 'HONOLULU, JAPAN and ||

9281

$35+

August) -

London, 8th Aug, and parcels, 1st Khyber

---

SHANSKAT (Vancouver, BC, 4th Sept)), Emp. of Japan Eurora via Sur (Letters and paper,

gith Sept.

25th Sept

SHANGHAI and Amor

Tibadak

13th Sept.

$43

MAIGON

Porthos

29th Sept.

***

40

JAPAN and BHANQUAI

Geni, Meringar „!

80th Sept.

88/3

SHANGHAI

Patroclu...

30th Sept

#31

STALLIO

Grewiar

Suth Sept

BARAVIA

Tisondari

Ist lot.

AUSTRALIA and Manıza

Nellors

5th Oct

32/6

26,9 114.40

1.81 Do. (single)

T1.30 TB1

Explorations..

$7.40 WI

Shanghai LoanS Raubs

T6

$13.

Trodoh Minsa

14.6

Docks, WharvoË,

FOR

Prz

Godowns, etc.

H.K. & K. Wharfs...

$158

Providents (old) ...|. 93.30 | 93.10

Do. (new)...

T

HK, Dooks

¥37

DIO

T

Ningthing Hydrangea

Prea, Jackson

By running on crude oil these can be operated at. less than one- third of the cost of petrol or paraffin-driven tractors.

They are made by the British combine of agricultural and general engineers.

BRITISH WOOL RESEARCH CONFERENCE.

$162

354 $24

DELEGATES FROM NINE COUNTRIES,

$35

T.296

[BRITISH WIRELESS SERVICE.]

Ruany, Sept. 20. Delegates from nine countries of the Empire, the United Kingdom, Australia, New Zealand, South Africa, Canada, Irish Free State, Kenya, Palestine and the Falkland Islands, will attend the Wool Re- search Conference, which begins in, London on Monday.

Its object is to link up research activities throughout the Empire-so as to promote Empire team work.

The Dominions. Secretary, Mr. J. H. Thomas, as Chairman of the Empire Marketing Board, will open

the conference.

*3*

› Mining -

Banqueta......s

Kailang

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

T.117 Shanghai Docks...

T7.30 New Engineerings

Hongkows

Lands, Hotels, and

Buildings

:11:

ex rights $711 nights $131

T.116

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

|Bangkok Swabow

Honolulu, USA, *Canada, Central and South America, and EUROPE via San Francisco due San Francisco, 15th Oct., and "EUROPE via Siberia

Shanghai, Japan,

Manila, Australia and New Zealand

Thursday Island due Thursday Taiping Island, sth October

DATE and Trxi

Monday, 22nd,

Parools

11.30.

3.00 I

-5.00 P

Big. 5.00 K Tuesday, 23rd, Letter 8.30 'M Par 22nd, 5.00 2 m Beg..33rd 9.45 AMỤ

· [Letters » 10.30 & M

Tuesday, 23rd,

8.45. A.

9.80 À

813.10

$781 $741 $75 313

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

---11

#11

.. Do

$14 813)

Duy

Manila, Australia and New Zealand via )

T.305

Shanghai Lands ...

***

994

$16

H.K, Realtys 78 Humphreys .irin-

Thuralay Island-dae Thursday Is Imad, 6th October

Atria Maru

Reg.

Latters

TM

Trikembang

10.00 AM

315.45

Bataris

$87

Chinese Estates

Swatow, Amoy and Foochow

Haiching...

1.00 FK

Cotton Mills

Japan, Canada, USA., Central and

South America and

EUROPE T

Hikoita Maru

HAR

4.15 PX

T.123

T12/160

Ewos 1.82) S'hai Cottona......................... T.10 Loong Sings · *** -

Public Utilities

[12.40)

T12.50

Victoria, B.C.-duo Victoria, B.0. 15th October

Letters

5.00 PM

Bog

‚6,00 Pi

1.10

Shanghai and *EUROPE vin Siberia

Hikawa Maru... Letters

6.00 Pil

Wednesday, Sith,

Hopsang

8,30

Swatow

Tramways

#18.15

Hoihow,

Pakhof and Hphong

Chengtu

Peak Trams (old)...)

Taiyuan

$13.00

Amoy

Star Ferries******

Do. (new) *}

B.K. Electrics

$23

| Macao do.

HURUHN

$81

Menla

Empress of Japan

*9.30 AM 2.80 M 4:20

$83

25.10

Amoy and Japan

Sri Sang...

5,00

78.80 $781 $78160

Straits

Swatow Amoy and Forchow

Straite, Ceylon, India, Mauritiua, East')

and South Africa, Aden, Egypt an[] Kashgar EUROPE via Marseillesdae Mar seilles, 25th October

Thursday, 25th,

9,00

Friday, 26th

1.00

Kowloon P.0. Parcela 4.30 F Beg 27th,9,00

4 Letters 10.00 AM-

...G.P.O. Pan, 281, 5.00 Beg 27th,0.45 Letters 10.30.

Saturday, 27th,

Fan Breton

Baiyang

1820 813,60

$8:80

325 $197

483

The delegates will visit the wool $78.60 manufacturing centres of York shire.

„REDUCTION IN WORLD'S

TIN OUTPUT.

FALL IN LONDON MARKET

PRICE

Da (new)

Lights (old)...... $90

$11) | Sandakan Lights ....

Telephones (fully pd.)

835

·FARI | 9211

Do.

(part pd.))-822)

1:18 Bj-

·19/-

China Buses

Tractions

(BRITISH WIRELESS SERVICE.]

RUGBY, Sept. 19. The Tio Producers' Association announces that the total of the world's tin production during the eight months of the current year was 113,379 tona, as against 122,035 $26.60 $26.80 tons for the corresponding period

$254 last year.

The reduction in the world's | $2.40 total production last month, ALA compared with the monthly aver age last year, is 28 per cent.

Do. (prof.).

Industrial

T10 Caldbeck, (ord)

Cementa · (comb.)....... $17.60

Do (old).

Do. (now)...

Ropes...................

g!

6/9

F10.40

Macgregors (prof.) Wanton Icas

$2.61 $2.80

$17 $17.70

812

$11

311

$1.10 $1.10

China Sugars vissers

Straits and Calcut's

***

11.20/

Sandakan

827

Malabon Bugara

#5

United Asbestod ***

Miscellaneous

Dairy Farms.

$26.70

Der A. Wings...

Amusements.* $255

$10

Chia. Entertainm'ta, 410 Constructions 12.25

$3.15 $10

Lane Crawfords.

Mackincoahs Nanyang TobaccD.......

$3.25

$3,25

$11.60 Sinceros ..

$11.90 Watsona .......................................

$12

$2.85 Wm/Powells

proca, 8%

B. Ind. G. Bonds... 617 H.K. Gort Loans ...

82%

THE

Manila and Java via Sourabaya Saigon Straits Devlon, "India, Maurl- tins, Esat and outh Africa, Aden, *Egypt and WUROPE via Marsilles -due Marseilles, ist November... Swatow, Amoy and Foochow... Straita, Caylon, India, Mauritius, E., 8. Africa, Egypt and EUROPE vis Marseilles-dae Marseilles, 29th Oct.

SOVIET PENALTY FOR SILVER HOARDERS.

(THROUGH, REUTER'S AGENC).].

Moscow, Sept. 10, The State Political Department Mr. Willem A., Crowther. J.Phag sentenced to death eight more As some companies did not com Messrs. W. & Crowther, persona, who are regarded as the pietely suspend operations during 61. Limited, Blaithwaite.

ringleaders, for hoarding silver Lieutenant-Colonel Reginald Mor

and gold coins and for causing August, a further reduction in out-

put is expected this month eom. C.B.E., Messrs. Belliss

counter-revolutionary agitation. Morcom: late chairman of Council

Over 438 others have been sen- Tin was £133.11.9 a ton on the of British Electrical and Allied tenced to exile in concentration London market today, being a re Manufacturers' Association; nice cataps on various terms of impri-duction of 10. shillings on yester

day's price. president of Federation of British Industries.

Copper was also lower, £45.14.4 atonem

&

Mr. Louis Beale, C.B.E., special commissioner to Overseas Trade Development Council.

Secretary, Mr. T St. Quintin Hill, O.B.E., assistant secretary, Mr. F. A Barnes..

Cotton Section. Attached to the Mission there will be a special Cotton Sub-Mission constituted as follows;

Sir

J.P:

Ernest Thompson, (chairman of the Main Mission and chairman of Cotton Sub-Mission). Mr. James Bell, J.P. (also member of Main Mission).

sonment.

Mr. George Green; chairman Padiham Manufacturers' Associa tion; managing director of Messrs. Geoge Green & Co. (Padiham), Limited.

Mr. Arthur Reite, managing director of Reies Brothers (1923), Limited.

Mr. Joseph Wild, president of the Wigan and District Cotton Em- Ployers Association; member of the General Committee of the Federation of Master Cotton Spin- ners; director of the following companies-Carlton Spinning Com Mr. F. W. Birchenough, J.P. pany Limited, Clitheroe, Empress Limited, president of the Operative Spin Spinning Company, rers Amalgamation; secretary of Wigan. Belgrave Spinning Com

A

pang Limited, Oldham,

Secretary Mr. N. A. Guttery. Terms of Reference.........

the Oldham Operative Cotton Spin ners and Twiners Association,

Mr. E. Duxbury, vice-president of the United Textile Factory 'Workers Association; general To the Main Mission. To in secretary of the General Union of quire into the present condition Associations of Loom Overlookers; of British trade with China and president of the Northern Coun Japan, and to report what action tiss Textile Federation

should be taken to develop and in- siet Mr. J. L. Edmondson, secretary, crease that trade174 chairman of the Exhibition Sub committee of the Joint Standing Committee (Education and Indus 1) of the British Cotton Indus

esearch Association, get

wurd at foot of next column.)

the Economic Mission to the Far East in their inquiries so far as these relate to cotton goods, and to report what action should be taken to develop and increase British trade in these goods.

EXCHANGE RATES.

[BRITISH WIRELESS SERVICE]

Paris New York Brussels Goneva Amsterdam Milan Berlin Stockholm Copenhaien

Rugar, Sept. 20,

123.60

4.98 :34.855

25.045

12.001

02.805

20.38

18.09

3.18

18.17 34.4352

at

163 12/16 183 3/10 45.43 108.25 375 815

Oslo Vienna Prague Helsingfors. Madrid Lisbon Athens. Bucharest Rio

421/32

Buenos Aires

401 415. 1/315

"Montevideo

Bombay Shanghai Hong Kong Yokohams Silver (spot) Silver (forward)

1/8 11/18 2/0.13/33 :16:15/16

17

Yunang

Parcels Nooa Letters 1.00

Monday, 29th

Hinsong

∙10,30 M

Tuesday, 30th,

Tibadak

9.00

Kowloon P. 0.

Beg,

100

Geni. Melvinger

Lotter

G.PH

Beg

1.45 ?

||Loiters

2.30

Hai Ning

2.00 F

Beg. 4.30 M

Patroci

AMERICAN STOCK QUOTATIONS.

LATEST WALL STREET PRICES.

$108

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

"Superscribed porrespondence only.

Kowloon P.0.

Letters - 14.30° part PG.P.O. V Bog. 5.00 2 M. Letters: "6.00"

LOCAL AND BEGULAR OUTWARD MAILS,

FOR

'WEEK DAYS..

[SUNDAYS & HOLIDAYS

·FROM SHEUNGWAN BENCH P.0.)

YBOX jЯXKUNOWA 0.2.0.

BRATCH 22.02.

€7.15 am. & (7.80

Américan Smelting Anaconda Copper.... Baltimore and. Ohio

Borg Warner

Continental Oil ................. City Service Common Curtin Wright Common Eastman Kodak ... Electric Bond and Share General Motors an General Railway Bigual Gold Dustin döne Goodyear Tire and Rubber Granby Consolidated International Cement International Nickel Montgomery Ward

A

Tone of Market-Weak

Na of Bharea done.-3,000,000; Call Money.2 per cent.

NEw Your, Sept. 19, 1930.

Laat Dividend.

Cantor

Latest

Saler

65

8.50

200

Nome

200,- A

None

30

78628*8+92336833588ASARSAS

442

Macao & Triushan

18

Kongmoon (except Baturdays)

Kaukong (ercept Baturdays)...

77

43

Fateban (By Train):

Tai O

40

Tal Po

Saritham

Cheungohoy

Aberdeen Stanley

Pingahan,

8.00 p.m.

12.30 p.m. 4.4.80 p.m. Saturdays 1,00p.m. & 4.30p.m.

8.30 am. 1.00 pm

110.

$12.00

2 & 4.80 proa.

8,30 z.

100 PZL

(7,16 am. & 16.00 pm.

17,50 Km. 17.00 p

5.00

Sundays 5pm only

7.00 Buradays

منتدي 1.00

only

(7:15 km. dj (1,80 sim. &

11.16 p.m.

7.800. 1,80 p.m.

1.15 pm.

1.30 pm.

Sundays

Sunday

8.18 LIEL

8.80 Am

only

only

1.00 pm:

6.00 p

8.00 9.m

8.00 p

7.15.

9.00 am,

9.00

€ 9,00 m, &

0.002

3.00pm.

9.00 £m, &

Radio Corp predakan Radio Keith Orpheum Bears Roebuck & Co.

None

None.

2ID:

Simmons Co, jiná

Standard Oil of New Jersey... Standard Oil Co. of New York

Autad

Basin, Shatanicol

·8,00 PL

1030 a.mi

1.00

Shengshui

Union Carbide and Carbon an

2.60

Saikung

4.30 puzz

4.30 pasi

United Aircraft and Transpor United States Rubber United States Steal

None.

Kantu, Shəkki E Taiping |

7.00pm.

Jona

' (Fumán)