1930-10-01 — Page 12

72

Money and Markets

CANTON TRADE

NOTES.

There has been keen inquiry for cotton yarn from country districts. Retails are also large. The quota- bons for No. 10 and 20 have riten by 1 per bale. According to n Shanghai telegram, FOMO 1,600 bales were sold on Monday and the prices were unchanged:

•

Foodstuffs imported from the North on Monday included 14,215 bage groundnut, 6,054 bags. Buy bran; 440 bage scarlet boan, 5,000 bags dour and 150 tinn groundnut

Dil.

NEW YORK STOCK' EXCHANGE.

IRREGULARITY IN EARLY

SESSIONS.

HALF-HEARTED RALLY AT, THE CLOSE.

{UNITED PRESS.}'

New York, September 28-A steady pressure downward was tho trend of the stock market to-dag, according to the daily review of the Demand for silk by forpiga mer-Dow Jones Financial News Agency. chants has shown a decrease, Dur ing the first part of September. some 1,500 piculs of raw silk and 140 picule of waste silk were ex- ported, showing a decrease of 810 piculs raw silk and 1,371 picuia waste silk as compared with the corresponding period last year.

The rice crops in the country districts, capecially Namhoi and Fayuen, are very abundant this year. Farmers in these two die tripte claim that their crops this year are the beat for the past ten years.

The price of flour and sugar has fallen off as arrivals are large and

demand is limited. /

·

; *

+

There was irregularity in the early market, but prices soon settled into an easy decline. Most issues were forced down to point close to the lows touched on Wednesday, and while there was a tendency to rally late in the day, it was less pro- hounced than yesterday, Prices, therefore, clowed lower than on Wednesday, with dess upward trend.

Speculative Issues Losese.

Highly speculative issues were heaviest losers, traders having been made cautious by the market's Frratic and bearish behaviour dur-

The pruduction of honey has ining the last few days. creanod in recent years. Thous

.

A total of 3,007,710 shares chang ands of dollars worth of locally ed hands.. Brokers' loans were un produced honey have been exported to Japan and other foreign coun-changed from the previous week, and call money remained at 9 per cont.

tries recently.

•

The quantity of coal imported

The Dow-Jones average of 30 in. into thu city during August totalled 48,030 Long showing a de- dustrials closed off 4.38 to 217.75. crease of 1,580 Lona over the same Coppers demonstrated strength in month last year. The majority the face of dividend reductions. finne from Formosa, a small quant. ity from India and 100 tons from Anaconda won back 5/8 from ita the North River districts in yesterday's. low to 40, while Ken- Kwangtung.

Demand for thin woollens is limited on account of high prices caused by the oxchange. In spite of the arrival of the cool season, merchants are reluctant to place large orders,

EXPORTS TO AMOY

HELD UP.

MERCHANTS PROTEST AGAINST NEW TAX.

nevott and Novada Consolidated lost 1/8 cach to close at 31 and 12 respectively, all standing firm in comparison with other prices.

Steel dropped more than copper, but loss than the average of in- dustriale, U.S. Stoel being off 28 to 159) and Bethlehem off 24 to 811.

New Low Lavel for Rubber..

HONG KONG DAILY PRESS. WEDNESDAY, OCTOBER 1, 1930.

THE WORLD RUBBER DAILY SHARE QUOTATIONS.

POSITION.

PRODUCTION DECREASING.

London, September 25.-Rubber consumption in the United King- dom for the Brst eight months of 1930 amounted to 45,376 tons against 43,492 tons in the corresponding period of the previous year. Great Britain is the only European coun try to show an increase in consurap-

tion.

In view of the low prices preval! ing, the Anglo-Dutch Plantations of Java have ordered the cessation of tapping on several of their states which last year produced about 3,000,000,000 15. The Telo isang Rubber Estates have also de- rided to stop tapping,

The weekly roports both from, English and Dutch sources agree that production is decreasing very slowly while consumption remaine at a very low level. Stocka will certainly show an increase until the end of the year.

SAIGON RICE MARKET. PRACTICALLY NOTHING

DOING.

The following report, dated Sept. 20, bas been issued by the Société Indo-Chinoise de Comuneree, Sai-

'goa:-

The market has been dull with. practically nothing doing, There have been some, sules effected to

Jars, but sellers are still waiting

to cover, expecting our market will continue to drop.

Business to France has been very poor, prices there dropping daily. From all other countries there has been no demand and no enquiry.

HONG KONG STOCK

EXCHANGE. -

Buyer

Bellam

Bales Nominal

SHAREBROKERS' ASSOCIATION.

TUESDAY. SEPT.-30.

Bayon Bellnes

Banka

$1,516

H.K. Banka

£107

Do. (London)

£17

Chartered Banks

£20

L12

"C"

$110

$1,050

1.100

$2,55

1400

$1,080

8281

Mercantile Bks. "A"

Bank of East Asia...

Do.

Insurances

$256

$1,015

Canton Ingatance. $1,000.. Underwriters...

North Chinas....

$450 Union Insurançon... $445. M.850 Yangtan Insurances

Shipping

POR

14.

China Fires H.K.

400

Fires.

*****$1,080

Dougisses

Steamboats

$10

Indos (prot)

$35

Do. (def.)

24/4 $3

Shell Transports ...

Water-boats

Mining

Benquets...

Langkats (comb.)

Do. (single)

Expiorations... Shanghai LoanA

30/3

Kailanx

T1.30

$23

$160

书

$36

T.118

T280

+

!!!!!!

32.85

*******

!!!!

FOREIGN MAILS

On and after Wednesday, 1st October, the entrance to tho Parcola Delivery Seation of the General Post Offies will be in Dos Vosar Road opposite Mesara, Wilteaway & Laidlaw's Store..........

Parools for posting at the General Post Office-should still be handed in, as at present, over the counter to the Public Hall.

RADIO NOTICE.

Individuals and Arms are recommended to register their, talo-. graphic address at the Radio Oßßes. No charge is made for this.

INWARD MAILS,

FROM

T100

800

JAYA!!! BATAVIA

11

200

***

Shanghai and Swarow AMOY BATAVIA

Pxn

Dus

JAPAN

SHANGHAI and AMOT

DRANORAL and EUROPE vix Size:a)

Tjipondok. ondari Binkiany... Takada ... Tissalak....

Bl. Altuna Nanchang

Gemma

20th Sept. Both Sopt.

Let Oot 1st Oct 1st Oct.

-

1st Oct,

2nd Oct.

(London, 18th September)

Zad

Oot

840

Bu2022 via Naparatak (Letteri only

331

4th Boptember)....

...). Hakosaki Maru ini

JAPAN

Buenos Aires Mary

***

'End Oct.

U.B.A., HONOLULU, Japan and Buanokal

(San Francison, 8th September)

Pres, Johnson

4th. Oct.

JAPAN...

Brisbane Maru

5th Oct,

5th Oct

6th Oct.

6th Oct.

-35,6

37/6

TI4.40 $7.40 2.1

T6

Trosch Mines · PLAN

$231ax div.

147.

Docks, Wharya, Godowns, etc:

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

Providents (old). .......

Do.

(new)...

3158 $5.05

$37

T.116

HX. Docks

Shanghai Dooks

17.30 New Engidocrings

|$114|| $11.36|11,30/136

$75

T.305 #81

Brokens No. 1 and 2 have been rm, some business having been done and stocks being poor. MUL ers, however, take only small com mitinente for prompt delivery and T.12 are not at all inclined to sell for

·ward.

Market closes quiet at the follow- ing price:-

No. 1 Long 23 per cent. and No. $17.90 1 Round 23 per cent:-108 francs per 100 ka. 6.90 guilders per Java pikcol; 5.50 yen pér pivu); 9/5 shill- ings por cwt.-

$25,80 $201 francs per 100 kn.; 6.05 guilders per

No. 2 Japan 40 per cent.:-104 $78.00 $79 Java pikol; 5.36 yen per pioul; 9/1; shillings per cwt.

Brokens 1 and 2:-100 francs per 100 s.; 6.25 guilders per Java : pikol; 6.05 jen per picul; 8/7 shill- ings per cwt.

Rubber continued to fall to new lows, Goodrich closing off 7/8 to 20 and Goodyear off 2 points to 51).

Among other industrial stocks, Eastman Kodak dropped 5 pointa to 200, and Du Pont de Nemours 3 Trade connections between long to 100). Radio Corporation was Kong and Amoy have been tom- porarily suspended as the result of also off a to 301, and International | f.o.h, Saigon, protest by Amoy merchants against | Harvester 31 to 001. the decision of the authorities

The averago of 20 utilitics, as here to impose an additional tax

****before, fluctuated less than the in-compelled. exported goods Acting upon instructions from dustrials, but was off 1.07 to 70.00. the Amoy authoritics, the native International Tel. & Tel. closed at Customs notified the merchants to another now low, of 3/8 to 38%. the effect that an additional tax on American Tel, and Tel, was off exported goods will be imposed

to 2004. Columbia Gas and Elec-

from October 1. This led to atric dropped 21. Consolidated Gas- strong protest by the merchants who of New York was off 2 points to dispatched representatives to ask 103. General Electric dropped 24 the Commissioner of Customs to to 644, while Standard Gas and withdraw the order, but the latter Electric was down 31 to 91. replied that it was beyond his power to do so.

Rails Relatively Firm.

In view of the fact that the new

Rails again held relatively firmi, additional tax, will affect their the average of 20 being off only .97. trade, the merchants wired the Baltimore and Ohio dropped 2 to Ministry of Finance in Nanking to 00 and Canadian Pacific closed instruct the authorities in Amoy to down 1 to 1904. Eric dropped n withdraw the proposed tax. They point to 38, New York Central 2 have decided that until the new tax points to 157]. is abolished, they will suspend busi ness transactions with other ports pending satisfactory settlement. Consequently they have wired mer. chants in Hong Kong, Shanghai, and other places to suspend ship- ment of goods to Amoy. Hong Kong merchants have sent so goods to Amoy since he receipt of the

news.

EXCHANGE RATES.

(ORITISH WIRELESS SERVICH].

Berlin

†

Shipulent September / October

Faddy: Good arrivals during the and holder sell only when they are week prices on the whole are fam

$12.15

!!!

$74

+++

+

$16

$87

Hongkows

Lands, Hotels, and

Buildings

H.K. & S. Hotels... $11.16

HK. Lands (old)... 374

Do. (new)... $73

'Shanghai Lands

H.K. Kealtys.co.

Humphreys acons

Chinese Estates

Cotton Mills

Exos................ T.12

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

Tlo Zoong Bizga

Public Utilities

Tramways

$13,60 Peak Trama (old).....

86,60

$781

#92

Star

Do (DE)

Ferries

C. Lights (old).....|425,40|

Do

(10W)...... $20

H.K. Electrica $70

Macao do

Bandakan Lights...

$35 Telephones (fully pd.)

Do. (part pd. B

T18 China Buses............

BA

:::

!!!

**TELIF

*** Malia

H

6th

10th

AUSTRALIA. and Manize-

**

LONDON-Parools (28th Ang.) und Brmatta

· Oanada, U.B.a, Japan and Shangraiḥ

(Vancouver, BC, 18th Sept.)... U.S.A, HONOLULU, JAPAN and Brand- HAI (San Francisco, 1265 September) Jaran and BwanONLI

Nellore Tairasias

· Empress of Asia...

Pris: Jefarion

OUTWARD MAILS.

REGISTERED ad PARORI, 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 parcol mails are closed at 5 p.m. on the previous day,

DATE and TIME

Fox

Haibow, Pakhol and Haiphong

Maulla

+

Pra

Parcals 5.00 e

Thursday, Sud,

[Lettere 10.00 A... MỤ...-

9.15A

Wednesday

Swatów and Foochow

Kuzichow... Tra

8.30 3.30

Amey

$8.05

Baigon

Haldis

5,00

Tilawa

5.00

$18.46

Amoy

Bhanghal, Japan, Canada, U.8.A,, Ú, And

146

couver, B.Odue Vancouver, B... |

5. America and EUROPE via Vaa Emp, of Japan

Bez.

17th Ock, and Europe vis Bliberis....

Thursday, 2nd,

-T.82)

Flashow, Pakhoi and Haiphong

Manado Maru&

8.30 AN

Liangshow

$1,50 A

Gemand

2,50

Bestow ....

Bydrangea

9.00

$26

Friday,

Brd,

$18.50

893

Straits, Ceylon, India, Mauritics, Fast

and South Africa and 'American Ports....

South Buenos díres Maru

9.80.

Manila, Australis (except place North |

Parcate

Noon

of Brisbane) and New Zealand' Aligna vin Thursday Island-deo Thursday Island, 18th October

Takada...

Straits and Calontia

Fasching

0/0

Tjisaiak..

Reg,

Brisbane Marus

81-

Tracti

18/

Do. (pret)

Industrials

T.10 TIU40

Caldbeck, Word) Macgregor K{prof.)|

он

83

Canton Icon

LEG

$17.60 $172 $17.65

$5

$17.86

Do Do.

(old)... (new)...

S.S. FENGTIEN ON FIRE.

$10!

Ropes

$10.50 $11

$1.95)

CHEFOO.

OUTBREAK WHILE AT

**

A certain amount of damage was done to the cargo of the str. Feng- tien, of the China Navigation Co., $8 when a fire broke out in one of the ship's holds while at Chefoo. The ship left Shanghai last week for the north.

No damage was done to the ship itself, according to messages receiv ed in Shanghai. The cause of the fire is not known.

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

Tons of Market-Woak No. of Shares donc.-2,500,000. Call Money. per epnt.

American Smelting Anaconda Copper Baltimore and Ohio. Borg Warner...........

Continental Oil... City Service Common : Curtis Wright Common

General Railway' Signal: Gold Duster

Goodyear Tire and Bublier Grauby Consolidated a.. International Cement

New York, Sept. 29, 1030.

Last Dividend.

2.50

Nona

Latest

Sales.

30

Cements (comb.)... $17,36]

$1.10 China Sugars.......................

Malabon Bugars ...|

4327

10

United Asbestos

Miscellaneous

***

Dairy Farms, cum, r. $261

Do ex rights

nangin

W

$28.70 3561

TAR

·8242

Kar

Don

BL

Dor A.

$264

Amusementa

rights Wings..

for div.

$10

Chin, Entertainmʼte.} $10

$2.40 Constructions

ม

19 Macintoshs

Lane Crawfords

Nanyang Tobacco... Nanyang

$11.60) Bincere um SLIE

$11.90 Wats00% visisektorate

$2.80 Wm. Powella ........................

68/

prom. 8%

B. Ind. G. Bonds... 62% H.K. Gort Loans...

CONSIGNEES' NOTICE. THE BEN LINE STEAMERS, LIMITED.

FROM MIDDLESBRO', ANTWERP, LONDON AND STRAITS.

The Steamship

..

34.

$1081

NOTICE TO CONSIⱭNEES.

OCEAN STEAMSHIP CO., LTD,

URINA MUTUAL STRAM NAVI- GATION LTD.

00,

CONSIGNEES par Co.'s Vessel YORESTER FROM UNITED KINGDOM

SINGAPORE

TIA

"BENVORLICE."

are hereby notified that their Cargo will be discharged into Holl's Wharf, Kowloon, ONEIGNERS of Cargo are hereby where it will lie at Consigners" risk and informed that all Goods are being subject to HOT Wharf The Cargo Terms and Conditions of landed at their risk into the hazardous Storage and/or extra besardous Godowns of will be ready for Delivery from Godown

September,

Hong Kong and Kowloon What and on and after 29401 at be landed here

Godown Co., Ltd, whence and/or fromn"

Optional Cargo

and unless Notice has boos given prior to

the wharves Delivery may be obtained.

No Claims will be admitted after the Vessel's arrival, but carried on from

of call to Goods; have left the Godowns, and al Goods

6th Oaing undelivered after the

1030,

to

rabject Olaime against the Steamer must be presented to the Undersigned on or before the 20th October, 1990, or they will not be recognised, ..

PLAS

Ruány, Sept. 29.

123.82

New York

Brussels

4.85 31/32 34.031

Conova

35,40

Amsterdam

12.011

Milan

02.82

20.41

Stockholm

18.09

Eastman Kodak, kompe Electric Bond and Shore General Motors

Copenhagen

18.16

Osk

19:153

Vienna

-34.43)

Prague

1034

dlsingfors

103₤

Madrid Mánia

40.20

International Nickel

Lisboru

108.95.

Athens

375*

Montgomery Ward .... Radio Corp

Nond

Bucharest

817-

Radio Keith Orpheum

05/29

Seara Roebuck & Co..

'Buenos Aires

Simmons Co.

Standard Oil of New Jorse

Standard Oil Co. of New

"Union "CAFNINU,aho" KAYDOI

United Aircraft and Transport..........

None,

2/07/10 ·

United States Rubber

None

Hong Kong, 29th Sept., 1939.

[9910

United States Stoat

Rio

Montovideo

Shanghai...............

Hong Kong

Yokohama

Silver, spot & forward 168

to port to the final port extends.com option All broken, chafed and damaged Goods are to be left in the Glodowns, where they will be examined on any Tuesdays and Fridays between the hours of 10:45 AM and Now, within the Free Storage period. No Olaims will be admitted after the

All broken, shafed and damaged Goods Goods have loft the Vossel's Godown, are to be left in the dodowns, where and all Goods remaining undelivered after

they will be axamined on the 4th the 6th October will be subject to

| Ostobar, 1980; 10 by Messrs. Bant

Goddard & Douglas, der

Nó Times Insurgence has been affected.

Bill of Lading will be countersigned

All Claims against the Vessel must

be presented to the Undersigned on or before the 20th October, or they will not be recognised.

BUTTERFIELD 'A BWIRE,

Agents, 29th September, 1930. (989)

Hr

Sunday,

10.80 AW 10,30 W

Swatow, Amoy and Foochow

Balgon

Australia and New Zealand via Mazila and

Brisbane-due Brisbane, 19th Oct..... }

Bwasɔw, Amoy and Formoss

Bandakan

Swatow, Amoy and Focohow Manila

Bwatow and Fosobow... Amoy

Straits, Caylon, India, Mauritius, East

and South Airion, Aden, Egypt and i EUROPE vi Marmilles das Mar- ( #allies, 7th November...

Hozan Maru

Mayang... Haiyang Empress of Leia Chip Shing Namtang...

Malwa

*Buperscribed correspondence only.

Beg 1.45 Letter 3,80 rw Parcels 12,80 m. Letters 1.80 P

1.00 F K

10.30 À M 4,15 PM

„Lettars : 5.00 1 m

9,00 & M

Tuesday, 7th,

H

9,80 M

5,00 M

Thursday 9th.

Koroloon P.Q. ¡Parcels * 4.80. m Reg. 11th,9.00 AM Letters 10.00 a

·G.P.O.'

|| Par., 91b; 5,00 1o M. ||Reg.,111h,0,45 a N

Letters 10.30 AM

SECOND

5.00

AROUND PACIFIC CRUISE OF THE S.S. "MALOLO"

AN UNUSUAL OPPORTUNITY

Is offered to Cruise on the FAMOUS MATSON LINER S.S. "MALOLO" onjoying the Advantages of Carefully Prepared Shore Excursions at Ports of Call under Direction of THE AMERICAN EXPRESS COMPANT.

LEAVING HONG KONG AT 5,30 P.M. OCTOBER 28, 1930

Vessel will Call at MANILA, BANGKOK, SINGAPORE, BATAVIA, MACASSAR, SYDNEY, WELLINGTON, AUOK- LAND, SUVA, FAGO PAGO, Arriving at HONOLULU, DEOREEN 14th, and at SAN FRANCIS00, Domus 19th,

Intermediäte Fares include all Sightseeing Expenses at

Desirable Accommodations available to all Perts.

For Booking and Information apply to

THE ROBERT DOLLAR COMPANY General Agents

Porta

or

THE AMERICAN EXPRESS COMPANY. |