1930-10-13 — Page 12

12

and Markets

Money and

EMPIRE CONFERENCE

BRITAIN CANNOT IMPOSE

FOODSTUFFS TAX.

(ORITISH WIRELESA SERVICE. Į

Ruour, Oct. 11. There was no formal meeting of the Imperial Conference or of its various Committeen to-day, and as usual business will also be discon

tinued to-morrow.

Prime Minister Entertains Guests at

Chequers..

Jar The Prime Minister left Chequers this morning after the funeral procession had

passed through London..

Mr and Mrs. Senitin and Mr McGilligan are spending the week end at Chequers, and other mem

HONG KONG DAILY PRESS, MONDAY, OCTOBER 13, 1930.

SAIGON RICE MARKET. [DAILY SHARE

PRICES FIRMER.

The following market report, dated September 28, has been issued by the Société Indo-Chinois de Commerco, Saigon:

These matters raise technical points of procedure in which, Generally speaking, questions of

The rico market has been rathor principle are of minor importance.

No turther formal consideration more active, some business having was given to-day to economic pro- been effected with France and Java, Prices which woro slowly declin i.feina by the Conference. The posing at the beginning of the week tion regarding them, is that cor- have consequently become Ariner tvin suggestions have been placed and finally advanced the Inst days' of the week under review. This wis Lefore the Conference.

due principally to the fact that same shippers were short and have to cover."

HONG KONG STOCK EXCHANGE

Dayers Balin

01,616

#TOTY

$1,083

62.60 $9.70 1,100 8417]

$400

The Plenary Session on Wednes day indientes in particular the views of the Dominions on the one On the whole business fins uot possible method of improving, Em-been very large and does not justify $1,000

the present rise which we think is pire trade, namely, by means of

momentary. tariffs and preference. These and Market closes firm with no sellers other proposals on the samo sub-at the following prices:- jeet, some of which were indicated in the preliminary agenda of the Conference, are being closely ex- amined.

No. 1 long 25 per cent, and round 23 per cent.: 109 franes pór 100 K.; 6.03 guilders per Java pikal; 6.00 yons per picul; 9/7 shillings per ewt..

No. 2 Japan 40 per cent.: 105 francs per 100Ks: 0.70 guildera per Java nikol; 5.40 yens per picu!; 9/2 shillings per ewt.

Regarding preferences, there is some experience to work upon in these examinations and their effect and value, and the desirability of continuing or extending the ays tem is one of the subjects of study. Another question which has been bers of the Australian and Irishinken up is that of wheat, and delegations will be guests there at conversations are actively proceed-pikal; 4.82 yens per pical; 8/4 ing between the delegates interest -luncheon to-morrow.

ed in producing and marketing wheat.

Menawhile, the economic ques- tions hufore the Conference'. are receiving widesprend attention, not- ably the proposals for tariff modi- fication and increased preference for Empire products.

[TRROUGH REUTER'S AGENCY, Empire Crusaders Must Fight, LONDON, Oct. 10. Lord Beaverbrook, in a statement In this connection the Canadian in regard to Mr. Stanley Baldwin's Premier Bennett's suggestion's are declaration, says that the Empire regarded as an important contribuerusaders must continue to fight until they know that what Mr. tion to the discussions now proceed Baldwin, intends to submit to the ing within the Conference.

people includes duty on foreign foodstuffs. British Government's Position Made Clear.

The British Government has made it clear to the other Governments represented at the Conference that while it is, willing to consider any proposal which may be brought forward-not excluding preferences any such consideration mist be based on two central conditions- that the Government cannot agree. to, any proposal which will involve nu increase in the cost of living in this country, and that nothing can be done which would interfere sud- denly with commercial treaties with foreign countrice which are already in existence..

Speeches on Empire Trade. Empire trade was the subject of several speeches by Ministers and others inst night.

Mr. Stanley Baldwin stated a few days ago that the Conservative Party will be guided by the views expressed at the Imperial Confer enco, and will formulate its own proposals for carrying out principle of Imperial Preference and submit them to the people at the next election for their final and definite assent.

AMERICAN EXPORT OF HELIUM.

ENCOURAGED BY THE

GOVERNMENT.

the

[REUTER'S AMERICAN SERVICE } {

WASHINGTON, Oct. 10. President Hoover stated that the American Government is encourag. ing rather than hamporing the ex The Dominions' Secretary, Mr. J. port of helium. The law express. H. Thomas, emphasised in otherly provided that the Government words the view of the Government as stated above.

►

might at any time issue licences to xport the gas. Every application for licences after two years would

PANIC ON NEW YORK

STOCK EXCHANGE.

Their position, he said, was ex- netly that of the Dominions, who be granted. anturally place their own part of the Empire first. The British Gov. ernment, he said, also must give their first thought in all these dis- cussions to their own country with their difficulties and responsibilities. The President of the Board of Trade, Mr. W. G' sham, in a speech at Edinburgh, said the taxation of foodstuffs and raw materials would he disastrous for the British people as consumers, and for important sections of their industry and com-

NEW YORK, Oct. 10. eneree. It would immediately raise

A delage of selling, the like of It would The cost of production. throw Great Britain into the tur- which has not been seen in Wall

DELUGE OF SELLING.

[REVIER'S AMERICAN" BERVICE.]

Brokens 1 and 2: 98 francs per 100K.; 0,00 guilders per Javo

shillings per st

Shipment October F.O.B, Saigon.

New Carp.-Some demands have been received for now crop Decem bor/January/February, and some business has been closed, principally to France, at prices about 20 cents per pieul below those above.

Paddy-Arrivals continue to be sufficient but sellore are holding up their prices and completely with drew on the last days following the rise of rice,

"FAST TICKERS" FOR STOCK PRICES,

NEW YORK'S INNOVATION.

QUOTATIONS

SHAREBROKERS

ASSOCIATION.

denomina! SATURDAY,

OCTOBER 11,

Buyaca Ballara

dalee Nominal

Banks

རེདབརྩ

H.K. Barke

Do..{Loadouƒ.......

Do.0"

FOREIGN MAILS

· RADIO. NOTICE.

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

INWARD MAILS.

$1,020

FROM

PER

Dox

2108

17

£20

Chartered Banka.... Mercantillo Bls. "A

£17

£28

KIZI

SAIGON

Chenoncoi

13th Oct.

212)

Sill

Bank of East Asin...

HARIKA

Pros, Jeferson / un

18th Oct.

$115

SHANGHAI

"Andre Labon

14th Out

IM

· AUSTRALIA and MaxılA

Ubangia...

14th Uch

Insurances

Australia and Manila:

Kilimo Laru

14th Ost

QALOUTTA 3nd demaits

Kulsang

loth Out,

Canton lunurasom.... $1,080]| Underwriters

Tarakuni Maru

15th Oct.

$2.75

JAPAN and BHANDBAL

Bakona Maru

17th Oct.

T160

642

$150

0.8.A, HONOLULU, Japan and BhanQ+ ||

MAI (San Francisco, 19th Sept aber) ]].

100

ya

Jarak.....: 206- U.S.A., HONOLULU, Japan and Bhang+||| HAI (San Francisco, 38th September) } CANADA, U.S.&, HONOLULU, JAPAN sad

HUANGHAI (Vancouver, B.0, ind Ool),

Pres. Fillmore Aki Maru

18th Oct,

10th Oct

་!;:',

Pres. Lincoln

10th Oct.

Amp. of Canada...

22nd Oct.

$28

$25

$43

631

OUTWARD: MAILS, Į

REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and whore malls are advertised to close at or before & ami registered and parcel mails are closed at 5 p.m. on the previous day.

$1,080

North Uhines,******* Union Lasuranosa dis

350 Yangtare Insuranous

China Fires$$! H.K. Firea..

Shipping

Douglases Steambonta

$281 $2%

$201

$30

Indos (praL)

$22

Do._(det.)

។

Shall Transporta

Water-bosta sanessaar

Mining.

$5.70 Banqueta,

303. Kailang imensenia

Langkats (comb)... Da. (Ringto) Exploration.......

Shanghai Loans ... Raubs +=

T.B

T1.30 *T.61

$24

$104 $5.15

$2.40 $2.50

$3$-$30/31 T.199

TOBO

130

17.80

Trouch Mines Pain Books, Wharves,

Godowns, sto,

ru

ELK. & K. Wharfs... $1614| 'Providents (ald) ... ¥5.20

Do.(new) ...

H.K. DooksTALE Shanghai Docks... New Engineerings Hongkowsk

Lands, Hotels, and };

Buildings

363 635

28,0.

FOR

DATE and TIM

T14.40

37.40

T.1

Monday, 18th,

TG

Foochow ..

Yingchoro

8,80 A 2

14/

Bangkok via Swałow

Kaying

10.80 A

FOTTAGES..

Andes Haru

11.80 PX

Shanghai

Chenonceaus

3.80 M

Swatow

Hydrangea

2.00 x

Japan, Ganada USA Central and

Bouth America and EUROPE vis

$24

Victoria, B.Odus Vistoria, B., Sist October

Pres. Jeferson

Parcela 8.00PM Bog Barter

4.15

5,00 P

Beg

Saigon, Ceylan, India, Mauritius

515

ફાઝ

Vet

Cotton Milla

*Ewon ́

T12.10

T.128 Shanghai, and "EUROPE via Siberia

Formosa via Amoy.

Manila and Sourabaya

Fort Bayard, Heihow, Pakhoi and Haiphong Tonkin Swalow, Amoy nad Foosban

East and South Africa Aden *Egypt and "HUROPE via Marseilles-dne Marseilles, 14th November

Straits, Egypt and EUROPE via Mar- Unichau-

moilles-due. Marseilles, 18th Nor...)

Japan, Canada; U.8.A,, C. and 8. America and EUROPE via Vancouver, B.C.don Vancouver, B.C., tat Nov.

Shanghai and EUROPE via Siberia Bwitow...

Empress of Asia

9.30 19.30 TM

1,00

Kowloon P..

Reg. 1.00 M Latlar 1.00-PM G.P.O

Letters 5.00 PM Kowloon P.O. Bog 100TM M Letters 1.00 PM

-G.P.O.:

Laiters 2.80 M

Bex.

Parcela 9.00

Reg

Lattora 5.00

Beg 5.00 M. Letters

:6.00 24

5.00

Pris. Jefferson

Latforu

-5.00

6.COM

Köben Maru

3.30 r

Tuesday, 14th,

Tisondari

**** Halohing ...

・Andra Lebon.

H.K. & B. Hotels... #1110 FLK. Landa (old)... #75 (now) $74

Do.

$11.30 $11

$75+ $791 $121

T.300 $81

3:6

H.K. Healtys Humphreys

$37

The New York's Stock Exchange in Wall Street has been equipped T1235 with the latest thing in improved tape machines, known there as tickera. This intent tickor, is work ed at a much quicker rate than its predecessors, and for that reason "fast has been christoned tho ticker." "

According to reports discussed in

now fast London, Wall Street's ticker will, it is claimed, keep up with current prices in times of heavy dealings instead of being same hours late, as happened, for instance, during the slump in stacks not very long ago.

-892

1f1

Do. (rights) Shanghai Landa

Chiness Estates

1.83 Bhai. Cotton.......

H

$9.30 831

T

T.83

1.10

Zoong Singe

$17.00]

$83

Publis Utilitios

Tramways A $13,60 Peak Trams (old).... $0.60

(new)... Da Star Ferries***

$17.8

$18.55

Emp, of dris Kwaisang

IM

$6

Wednesday

18th

**

8921

$25

C. Lights (old).....

$24.85

1211/25

Bwałow

. Do. (1z0W).

FADRO

Buichowe... Kitano Maru

9.50

978 $78 $781/1]

H.K. Electrics

$781

$78

Fooghow...

Chinhas...

·3.30'

Macso do."

***

Amoy

Teinan

3,80

Terukuni Maru,

II

Sandakan Ligiste...

Зарад

235)

Tokphones

(fally pd.)

$4212240)

(part pd.)

$22.4

Shanghai and EUROPE via Siberia

Terukuni Baru

Regi Letters

5.00 r

5,00 M

8,00 7

T.18 Bj.

China Busos

Tractions ...............

19/-

Da (prol).......

Industrials

Straits and Caloutta Ανάστ

Bus Sung Kulsang

Thursday, 16th, Parools Hoon Laiters 1.00

Esiyang ...

On the Stock Exchange it was felt that New York's innovation merely brings that stockbroking centro into line with the up-to-date Arrangements here. It will be in teresting, however, to know more about Wall Street's latest fast ickers, and to ascertain if London has anything to learn from New $12.65 $17.85 York in the matter of 'tapo machine

.

$5.20

A

$26.60 *2*1

Bervice.

$10 $105 Stock and share prices here do not fluctuate so much as on Wall Street, where there are no jobbers. There, the stocks change hands be tween brokers only, and heavy buy- ing or solling is at once raffected Hero the in the tickers' record. jobbers may have big amounts of stock or large numbers of shares. sold to them by brokers or may sell heavily to buying brokers without Eltering their quotations to any important extent Frequently this occurs and no change is made in the prices previously quoted. The meil of & tariff war, the futility of Street since the slump of last au incidence of the jobber in London is which in post-war conditions had tuo, swept over the Exchange another thing that Wall Street in been abundantly demonstrated, and this morning, sweeping away hun-time may care to copy. Frequent it would involve for millions of dreds of millions of dollars andy have the jobbers proved a people a reduction in real wages, quoted values, and sending such stabilising quantity in times of In the Imperial Conference the old market stalwarts as the United toom or slump.

Government would do everything La States Steel and General Electric,

its power to secure agreement with and the Standard Oil of Now Jer

the Dominions representatives in soy to now low levels for the year, various forms of commercial deve- causing something like a panie, but afternoon market reacted lopment. In that sphere there was the

much of a snost valuable reciprocat strongly, and there were many new

to six points. character that could be undertaken advances from two

without imposing tariffs on food- atulla and raw materials-imported into Great Britain. The best of Dominion opinion recognized that was impossible to expect the United Kingdom to impose duties on its foodstuffs and raw materials. The First Lord of the Admiralty, Mr. Alexander, in a speech at Shel- fisid, protested against the exploits tion of the Imperial Conference by those who advocated a change of policy regarding tariffs yesterday.

He invited Mr. Baldwin to elekt up the doubts whether he proposed to advocate at, the election' food taxes without the reference, of is scoond, election.

Value of Freference and Tarifa,

·Roosy, Oct. 10. The third mooting of the Com mittee of the Imperial Conferener on certain aspects of inter-Imperial relations was hold this afternoon at. the House of Lords, under the Chairmanship of the Lord Chan

on certain questions referred to the Committee, including questions ro lating to the issue of Exequatura in Foreign Consuls and, the form and ratification of treaties,

EXCHANGE RATES.

(DRITION WIRELESS SERVICS.)

Paris New York Brunfels Genova Amsterdam Milan Borlin Stockholm

~34.83)

T.101-Caldbook \(órd.).

F10.40 Macgregors pref.)

Comenta (comb)... $17.50

Canton Ices.

B11:05

Do (old)

Do. (new)...

31-56

Воро

$17 #5

China Sugars......... Malabon Sugars ****

United Asboatos

Miscellaneous

Dairy Farme, oum.r.

Der A.,

* rights 38

Do, ex rights

Lane Crawfords

TH***

$261

$2.75

-$13 84)

$101% 65

$89

*Manlia, Australia and New Zealand

vis Thursley Island duo Thursday Exland, 3rd November

4) Australia and New Zealand via" Monila)

and Thursday Taland-due Thursday Island, let Novombar ...

Amusementa

$29

Chin, Entertainme $10 Constractions.....s

Swatow, Amoy and Foodbow..

$2.30 63.85

Manila

Sandakan.

Manila

$11.60

LOCAL AND REGÚLAB OUTWARD MAILS,

Straite, Ceylon, India, Mauritius, ' East”

and Bouth Afries, Aden, Egypt and EUBOPE vi Marseillas-dus Mar wellles, and November

WEEK DAYS,

BUNDAYS & HOLIDAYS

FROM G.2.0.

FROM SUKUNGWAR. DRAVOK P.O.

Frox G.F.O.

Удок AHRUNGWA

watow, Amoy and Foochow

Straits, Ceylon, India, Mauritius, East and

Bouth Africa, Aden, Egypt and EUROPE via Marseilles-due Mae"]|| Hakona Marut seillos, 15th November

Siparscribed correspondence only.

Friday, 17th,

1.00 F Kowloon P. O. Beg. 4,30 P v Cetter_4.30 2 E G.P.0.

Rag 500 M || Letters · 18.00 v3

Monday, 20th.

Reg

5.00

Let 11ut, 8.30 Y

Par 20th, 5,00

Box 21st 9.45 Y Latters 10:30 AM.

Tuesday, flat,

$9.00 (4.80 = 2:

Wednesday, 2nd

∙10:80 a 14: 8.30...

Friday 24th Kowloon P.O Paroola 430 K Blog 15th,9.00 Lettera 10.00 A

G.P.O Par 24th, 5.00 P Reg.,25th,9.45 A

Letters 19.80 °

Aki Haru

Uhangie

Hai Ning

·Free, Linooln

Hissong Emp. of Canada...

Khy

COMPREHENSIVE AND COM-

2.0.

Canton

€ 1.18 mm. &j. 780 1.0. €0.00 pm ( 7.00 p.m.:

PLETE REPORT

Mackintosh *********

Nauyang Tobacco...

$11.60 Sinceri

|311.90] Watsona

$2.85 Wra. Powells

B. Ind. G.8 Banda...

H.K. Govt Loans... 8108

Ruosy, Oct. 10.

123.847 4:85.29/32

of the

NEWS OF THE FAR EAST

is given in the

Maono & Tanahan

Hongmicon (except Saturdays) 5:00 p.m. *Kaukong (except Saturdays).

Falahan (By Train).

Thi Tal Po

25

12.041

DA.70

20.42)

19:09

Copenhagen

18.10

Oslo Vienna Prague Helsingfors Madrid Lisbon.

13.10

34.43

183 193 1/1

47.85

108.95 *376

Athoas Bucharest

Bunge Airos...

ontovideo-

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