1930-11-28 — Page 12

12

Money and Markets

NEW YORK STOCK

EXCHANGE.

RESUMPTION OF BUYING BY THE PUBLIC.

(UNITED PRESS.]

New York, November 22.-Week- end proft-taking sales during to day's Saturday half-day session of the New York Stock Exchange low- ered the list from, one to four points, with a few exceptions, says the daily roview of the Dow Jones Financial News Agency-

BRITISH IMPORT OF FOREIGN CEREALS.

NO PROOF OF SOVIET DUMPING.

[1DROVOR REUTER's Adency.]

LONDON, NOV, 26. The House of Commons by 21 votes to 139 rejected a private momber's motion deploring the Government's insation in conne tion with the dumping of foreign cereals, and urging immediate counteracting measures.

The Parliamentary Secretary of The exceptions included the mail the Board of Trade declared that order houses. This was due to alera was no proof that Russia was The low price statement by Mr. Silas Strawn, dumping, wheat.

HONG KONG DAILY PRESS, FRIDAY, NOVEMBER 28, 1930.

MORATORIUM REPORTS DAILY SHARE QUOTATIONS

INTERPRETATION OF SPEECH

AMAZES GERMANY,

HONG KONG STOCK EXCHANGE.

Berlin, Nov. 2.--Enquiries mado from abroad in German official, financial and commercial circles: asking whether it was true that Germany might in the near futuro 4,1665 ask for or declaro a moratorium enused a good deal of amazement and resentment when it was found out that such an impression had toon caused, whether intentionally or, otherwise, by the way a пOW agency reported the recent speech of the Gorman Foreign Minister be lore the Federal Council.

8114

81,165

2490

$400

In that speech, Dr. Curtina had hinted at the possibility of Germany making us of the provisions of the Young Plan which, in case she Andr the present reparations agreement unbearable, give her the right to $1,150 ask for its revision and even for n moratorium for the reparation payments. But, it is emphasized, all that would pertain to repara tions only but most certainly not to any other German Governmont or private domestic or foreign ob- ligations as it ought to be clear

well known Chicago attorney and was simply due to the world sur-that any other moratorium would financier, that Montgomery Ward's plus.

sales for the Inst quarter had ful- died earlier promises. Montgom- ery Ward close up 2 to 231, sad Sears Roebuck was up 2 to 552.

Inere woro indications that the public had resumod its buying. cales for the half-day totalled 059,190 sharca.

Sugars improved, due to efforts at stabilization. A conference is to take place in Europò soon between American, Netherlands and Java

MANCHESTER COTTON

CONFERENCE,

VALUE OF FORMATION OF LARGER UNITS.

|UZITISH WIRELESS SERVICE,]

RUGBY, NOV. 20. The President of the Board of Trade, Mr. William Graham, in the House of Commons, stated that the mattera discussed at the recent Manchester Conference with repro- With U.6. Stoel down 1 to 147, the Dow Jones average for 30 in-sentative actions of the cotton

interest regarding possible curtail ment of production, it was dis- cloard.

"

restoration of the spinning section, certain technical matters such as the use of Indian cation, and the effect of external factors on lihe prosperity of the cotton' industry.

trade were the value of the forma- .dastrinis was off 9.28 to 189.04.tion of larger units as an aid to the

Westinghouse E. & M. was down g to 103) and General Electric was off 7/8 to 50. Gonoral Motors was off 3/4 to 301; Hudson was off 3/4 to 284; Packard held at 71, and: Tho discussions with representa Chrysler was off if to 10. Ameri.tives of the manufacturers will be can Can was off 1 to 118. East. continued at an early date. man was off to 170.

The Dow Jones average for 20 rails was off 1.28 to 110.91, while that for utilities was off. .60 to 66.45, New York Central was off two points to 135, Pennsylvania was uff 28 to 618; Canadian Pacifio was off 5/8 to 431, and Union Pacific. was off two points to 102.

American Tel. & Tel. was off 5/5 to 100%, and International Tel. & Tel. was off 14. Radio Corp, was

LOAN TO ASSIST UNEMPLOYED.

JAPAN PROPOSES TO FLOAT Y.40,000,000 ISSUE.

Tokyo, Nov. 23--In order to

off 7/8 to 17. Southern California pe with the unemployment pro- Edison held at 43, Standard Gasblem confronting the nation, the was up an eighth to 702; Columbia Government has informally decid Gas rose 1 to 30, and Consolidated to float an unemployment can Lotalling Y.49,000,000 including Gas was off if to 001.

Transmorics was up a quarter Y30,000,000 for the Home Ulice, to 15. General Aviation held at Y. 10,000,000 for the Departament , with United Aircraft off 3/4 to of Railways, "Y.4,000,000 for the 2. Anaconda Copper was off a Department of Agriculture and Loint to 35. Fox Kilm "A" was Y.5,000,000 for the Department of "This proposal off a quarter to 34, with Para- Communications mount Publix down an eighth to 40 will be formally approved at and Warner Bros. off 3/8 to 18%.

Cabinet moeting to be held short- Ty

WEST INDIES SUGAR CRISIS.

NO RISE IN PRICE TO BE EXPECTED.

А

The Seiyukai, tho, main opposi tion party, is regarding the fat- titude of the Government with much, disapproval in viow of the pha to float the, unemployment loan. At- cording to the Saiyukai,, in spite of the high sounding policy to re- frain from loans adopted by the Government, the Hamaguchi ad- ministration has been obliged to change this policy in view of the difficult unemployment problem.

(BRITISH WICKLESS SERVICE)

RUBBY, NOV, 20. During the debate raised by This proves, the Boiyukai de Lord Olivier in the House of Lords cares, that the Government is at on the crisis in the West Indies the end of its tether in the realiza sugar industry, the Colonial Sotion of its policies and to make cretary, Lord Passfield, said that matters worse has resorted to a it was difficut to expect any rise loan policy to relieve unemployment in the price of sugar so long as departing from all precedents in the present world nocumulation of the matter.

visible stocks remained.

Regarding a sugar proference, the

Chancellor of the Exchequer had

nade it clear that it is not his U.S. SENATOR ON SILVER

intention to withdraw the existing preference of £3. 15. Od. per ton for the next three yaara

SOVIET REFUSED CREDIT.

JAPANESE DECISION NOT TO

GRANT LOANS,

Tokyo, Nov. 2.-Japan will not be ready to extend long-term credit

PROBLEM.

INTERNATIONAL - AGREE. MENT ON RATIO OF VALUE.

!

[UNITED. PRES8.]

Washington, Nov. 21. Stator. William E. Borah, chairman of the Foreign Relations Committee, to-day suggested the setting up, of a fixed ratio between gold and

Not even for a revision of, the Young Plan world. the German Government ask light-heartedly as by this time must be apparent to all observers of the earnestness with which endeavours are going on to. cut down expenditure even at the Dost of an all-round lowering of the nation's standard of life.

*21)

+

338

€31.70

Ton

Built:

SHAREBROKERS' ASSOCIATION.

Union Insurances ....... $105.

Shipping

Douglases

Видет

Sellars Daire NominaŬ

THURSDAY.. NOV. 27.

Baynes ·Ballers Calne Ncketwat

Banks

#1,070

PEL.K. Banks

*****$1,660

་་་

81191 P18

SA7

£12

Do.

Do. (London).. Chartored Banka Mercantile Bk. "A“ "O"

£19

£28

2121

Bank of East Asia. $116

Insurances

FOREIGN

MAILS

CHRISTMAS LETTER MAIL FOR GREAT BRITAIN VA SIBERIA.

Christmas Letter Mail (letters and post-cards only for Great Briliala via Biboria will be closed in the General Post Ofoe on Saturday, 29th Novembor por a. Pre-Tuft as follows:-

Regiatored Mail...................... -Ordinary Mall....

5,02 pm.

This mail is due in London about the 2nd December,

The public are reminded that dutiablo articles sont by latter post to tha] United Kingdom are liable to confiscation by the Customs thers.

RADIO NOTICE.

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

INWARD MAILS.

$3,20

$3,35

***

Canton Insurancode. $1,100,

***

Underwriters

20

1.IGU

North Cirina..................

FROM

Pin

DUR

T140

M.850 Y

(angtaze Insuranc

-$00

China Fires,

$40

H.K. Firca.......

1,160

JAPAN, SHANGHat and Euxors via

Smaxia (London, 8th November) Eunors via NEOAPATAM (Papers only}

London, 30th October)

Hakosaki Máru...

28th Nov.

· Kong Pang

a.

20th Nov.

U.B.A., HONOLULU, JAPAN and SAMOHAI

$26

Steamboats

$40

Indos (prof.)

$43

*

$30

Do. (dof.)

28

MANILA

73/0

Shell Transporta

03/0

DAIREN and AMOX

**

139

Water-boala 'kennaray

$31

mean the complete and immediate collapso of the country's financial, economic and political structure built up under the greatest difficul ties since the war and the period of inflation.

Mining

(Han Francisco, 31st October)... Branquai and SWATOW

U.B.A. HONOLULU, Japan and SuaNG-L

HAI (San Francisco, 8th November)...] Chichibu Maru.... STELITS

Pros, Garfiel Shantung Talma

29th Nov.

29th Nov,

29th Nov.

***

Pres, Taft

30th Nov.

Tisakakon

30th Nov.

1st Dec.

Kamo Maru

1st Dec.

U.S.A, HONOLULU, Japan and SuANO. LE

$9

Benquote.....

38/1

Kailana *********

37/.

HAI (San Francisco, 7th November)...) Prez. MoKinlay .. CANADA, U.8.A., JAPAN,and SHANGHAI ||

1st Deo.

T.I

Do. (single)

Langkats (comb.)...|

r14.40

JAPAN

37.40

107

[12]

Explorations.

TA

JAVA

T.01

Shanghat Loans

TO

JAVA

Rouba ............. Bl

JAVA

Tronoh Mines

14/-

AKOT and SWATUW ....

JATA

Docks, Wharves,

JAVA and MAXIL JAZAN...

Godowns, ele.

ми

'AUSTRALIA and Manika

8173)

H.K. & K. Wharfa... $174

$5.35

Providenta (old). ...|'35.35

$2.55

.

Do.

(now)... $206

$32

H.K. Docks...... $31.

T710 New Engineerings

T.123 7.1

T.231

Hongkows

Lands, Hotels, and

(Vancouver, BC, 13th November)... Exprca of dela...

Hikawa Maru ***Tiskandi.

Tunisi

Newton Blur Cromer

常

Tibodas.... Tfileboel ... Bydney Mara B Aloans

OUTWARD MAILS.

알프

Doo.

3rd Doo.

KEGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given bolow unless otherwise stated, and where mails are advertised to close at or bafora v s.m. registered and parcel mails are closed at 5 p.m. on the previous day.

2nd Doo,

nd Deo,

Bud Doo,

3rd Bes.

3rd

DDO.

3rd Dec.

th Deo.

7th Desi

Buildings

Rogor, Nov. 20;

Ход

$11.35

| $11,40

123.001

$831

4.58 17/32

马

Brussela Geneva

34.821

H.K. & S. Hotels ..... 811,35 H.K. Landa (old).....) $83 Do, (new)... 382 Do, (rights)

214.40

25.07

Anısterdam Milin Berlin

12.08)

$0.40

D2.761

$161

$10

$9,45 $16.20

20.38

$67

3luckholm

18.00

Copenhagen

18.13

Oslo

18.10

Vienna..

34.501

TIL10

DATE and TIMN

{Friday, 28th,

Balgon, Straits, Ceylon, India, Maurition,)

Shanghai and EUROPE vin Siberia swatow, Amoy and Foochow

East and South Atrios and South American Parts

Rio de Janeiro Maru

9,30 AM

Mensathous Haiyang

**

10.89 A

1.00 PM

Helbow, Pakhoi and Haiphong

Lamchew

700

P*X

Praguo

-1031

T.62

Helsingfors

1:13

Madrid....

34.50

Lisbon

108,23

Athens"

375

Bucharest

818

318

814

Rip

44

Buenos Airea

39 10/32

390

Star Ferrica

Montevideo

39

$26.75

Prea, Tait...

Parcela 3.00

Reg. Tetiers Rak

4.16 *5,00

5.00

Bombay

1/53

$20.40

Do.

Shanghai

$83

Hong Kong

....

1/9 12/16

Macao do.

201

44

Sandakan Lighte

833

Telephones (faily pd.)

$23

23/.10

(part pd.) $23

$23.30

T.18

Chios Buses

716

Tractions

Bangkok via Bwstow Swalow, Amoy and Formosa

Kalgan Horan Maru

19/.

Do. (pret).......

Industrials

Straits and Calcutta

Pulma

T.101 Caldbeck, (ord)

Amoy via Swatow

Anhui

#

Tu40 Macgregor (gret.)

23.80

Do

$5.50

Do.

·

eight PARIS:-

1/3 1/16

1/30

1/34

$10.70

Ropes

Canton Loes... $34 Camants (comb.)... #18)

(old)... (now)...

Enbon, Pakhoi and Ruiphong.

Tecn

13

$10.80

$0.75

827

IN

5

China Sugar...... Malabon Sugars ... United Asbestos....

Miscellaneous

329

Bank Bills, on demand 770 Credits, 4 months' night 816 ON NEW YORK:-

$27

325

Shanghai and EUROPE vis Biberia

Btraits, Carion, India, Maurition Bast Africa, Egypt and and South

EUBOPEA Warecillas-dzo Mar

ellier, at January 1931

Swatow, Amoy nad Foochow... Manila

Stow...

Hbanghal, Japan, Canada, 17.4.A., Ont

America and EUROPE via Vio-i toria, BC-dos Victoria, B.0, 24th December

1.1.

Anchisoa

Hai Ning

Bop of Aria Kroasang...

Bikowa Maru.

EXCHANGE RATES.

[BEITIAN WIRELESS SERVICE.)

Paris .... New York

Yokohama .......................... 2/0 17/39

Silver (spot).........

Silver (forward)

EXCHANGE.

10 20

CLOSING QUOTATIONS.

Norembar 27, 1930,

ON LONDON:---

Telegraphie Transfer... 1/ 15/16 $18.30 Bank Bills, on demand 1/2 16/16 812 Bank Bills, 4 months'

ON

4

eight ..... Credits,

months' sight Documents, months'

Bank Bills on demand 201 Credits, 60 days' sight. 811 ON BOUT:-

Telegraphic Transfer Bank, on demaad ..... Ox CALCUTTA :***

#

:::

T117 Shanghai Docks

11.9

Tie Shanghai Lands ....

H.K. Healtys...en. 83,45

Humphreys | 815| Chinese Estates

Cotton M4

Ewos

Shai. Cottons.......

19 Zoong Sings

Public Utilitias

Tramways............. $18 Peak Trams (old} ...

Do.

(DOW)...

CLights (old)... $20.05

(110W)....+20.35

HK. Electrica..................) #02)

!!!!!!

68.

$697

Dairy Farms, cam. r. Do, ex rights Doy

Dor A. Wing

rights $8

Amusements. $23

Chin. Entertainm'ta. 5111

Constructions... #4.70

23.70

1

11:

39+

13:-

P17.10

1.9

$14

37.

$90

181

$83.18

397

$1

#128

$3.70

Lane Crawforda

$19

Maskintoaks

IN

84.

$11,60

$18

$121

$12.80

...

$121

| Tis, 79

Bank, at sight ......3712 dis.

$5.85

ts .

B. Ind. G# Bonds... 69%

ON YOKOHAMA :-*

*

nunda 607

3% prem

Telegraphio Transfer...) Bank, oa domand

ON SHANGHAI ---

On demand

ON MANILA.-On derriand..... .001

ON SINGAPORE:

On demand

Ox BATAVIA :-On demead; 75 _ON_HaiphonG LI

On demand

ON SAIGON :-On demand"}

ON BANGKOK 1

On demand Sovenziona, Bank's Buying.

Bate

1/8 9/16 Ban Biiven, per ex

traits, Ceylon, Indía, Mauritius, E. and B, Afrion, Aden, Egynt and EUROPE vis Mar-oilles-dna B'arsei'lës, 27th Dec.

Japan, Honolula, USA, Canada U.)

and B. Americs, and EUROPE vis San Francisco due San Francisco, 23rd December Shanghai and "EUROPE via Siberia

Manila Tourans ...

Saturday, 29th,

8.30 Kowloon P. O.

·9.00 A Rov. Hakosaki Mari Gottore 1000 AN

P.O.

9.45 AM Latters 10.30 AK

Pies. Taft

Fres. Garfield Trung Đồng

Kama Maru

Hog

Letters 6.50

5.00

5.00 M

Sunday, 20th,

8:30 AM 9,00%

DECEMBER Mooday, · 1st, Parcela 9,00 AM Lettore 9.00 A

10.30 AN Tuesday, 2nd,

9.30 AM 10 30 AM Kowloon P.O Beg. 1.00 Leitern 1.00 FM G.P.O.

BLA

1.45 8.2

Letters, 2:30 pm

8.00 PM 5,00

5.00 #

5.09 PM

Parcola Wednesday, 3rd, Letters 8.80 AM

Nanyang Tobacco... $8.25

Sincere

Watsons"ZAJ

Wm, Powells..................

A.K. Gort Lozas...] $104}}

LOCAL AND REGULAR OUTWARD MAILS.

Amoy

Straita:...

Manila, Habatl, "Australia and New Zes-1 land via Brisbane-das Brisbane, 23rd December

Swatow, Amoy and Fooshow Manila, Australia and New Zealand via? Brisbane-dne Brisbane, 19th Dea.....

Straite, Ceylon, India, Mauritius, Eest and Bouth Africa, Aden, Egypt and EUROPE via Marocillos-dze Mar- meillow, 2nd January 1931

PO

-WEEK DAYS,

SUNDAYS & HOLIDAY&

FOR

78$

1443

FROM G.P.O.

FROK [SHKONGWAK

ВДАНОМ Г.О.

FROM

.Q.P.O.

FROM BIMUNOWA

BRANCH

(7,15 a.m. &| | 7,80 ■.m. {0.00 putts.

7,00p.m

(7.15 m, & (7.30 am, &'

4.00 p

7,00 p.m.

Sundays 5pm. only

Bundays

Amoy and Japan

1,80 pum

Bundeve

Straits and Calcutta

8.50 $15, only

Canton

6.00p.m.

(7.15 mm, 4} { 7:30 AM 11.15 p.m.

Kongmoon (except Saturdays) 5.00 p

· Kaukong (except Baturdays)'] Fatahan (By Train) Tai O

7.1

Tai Po

Ebarachun

or any loans to Soviet Russia dos silver ne a possible solution of the Sir Frederick Cleaver, chairman- pite the latter's request for such prosent crisis in the Orient, which of Moema: Robinson and Clevar, lavours, it is now intimated in re-ins been accompanied by the col-addressing the Belfast Chamber of Masso & Tainahan

Trade, of which he is president, lapse of silver prices.. liable circles bora..

He quoted parts of a lotter just aid that the idea schoo's for sales- In addition to dumping wheat in Canada and the United States, the received from an unnamed Ameri-tship conducted in Engrand was Russian Government is said to have can business man in China. This very good, but he thought a school for manners would do more good approached Japanese financial cir-letter included the following:

"By abandoning a silver eur. than anything olsa Thera was in- cles for a huge amount of long berin prodit in order to utilize it for its rency and throwing their demonetiz-aivility everywhere "So far as Avo-year industrialization plan. od silver upon the Chinese market Belfast in concerned the shop atalla The request of the Russian Gov- at any price, France and England are just as civil and obliging as eromont was given sarions con have wrecked Asiatic buying power, in-ony place I know. They are a The artificial collapse of silver great deal better than in London. sideration as a joint conference of influential bankers and busineson has brought about a real collapse If you want to get down to the are directly interested in the Rus of the Asiallo market for American root of the difficulty you must go. back to silunation. We all bops to bian trade, and Government repre- goods."

a considerable improvement Senator Borah, in discussing the scntativos, bold prior to the depar ture of Mr. Hirota, Japanese Am-material embodied in the foregoing, from the new Education Act" bassador to Moscow, to his new said:

"I do not see any way to make post. Tim frank exchange of yiowa A COUCH

by the programs in this sentter expent the formulation of an icision-moto, HRADEABY LOUS-Arm through credit or loans to Russin just now, internation agrement setting the

ratios of silver and gold. serve laun ↑is in stated.

Boo

Cheungchow

berdeon

Wednesday, 3rd.

Zaiyuan...

30 M

Thursday, 4th

Oremar

10.30

Friday,

Parcels

Noon

Tanda tur

Haiching Sydary Maru

Reg. Letters

1.45 1 ม

-2.80

1.00 FM.

Rawalpindi.

Parcels Beg

- 800 ▼

· 4.15 * ='

1:00

Lottery D. TARE

Howloon Parcels 4.80 M

Reg. 6th, 9:00 Letters 10.00 AM- G.P.O. PAT, 5th, 5.00 PM Beg, th, 9.45 1. W Lellers 10,30 Baturday, 6th,

5.00 11

-9:00 am.. (9,00am, &

8.00 Jut 9:00 P 18.00 pan

12.30 p.m. & 4.80 p.m. Katurdays

1.00pm &

450 p.ta

(180 p.m.

0.00 p.m.

7.00 pm. only [(7.15 *£ à] [7,80 min,-à

12.15 p..

Bandaya 6.15

only

· 5.00 pe

7,15 1,21 .9,00.

9,00 m

12,00

(11,00a.m.

§ & 4,80 p,m,

100 pe

....00 puko..

0.00

Nam sang

Monda Parcels NOOD

Kom Sang

1.00

#Buperscribed correspondence only.

P. O. Box 1, Hong Kong

the Address. Write an Order for

the Hongkong

g Weekly Press and China Overland Trade Report to be sent you for Three Months or A Year. The first will cost you $1.00, and the Annual Subscrip tion is BIU

8,800.

8.80 TO

1.00 pm

10,90 mm

Shatin, Shatauko Bleung huk Balkung

(Fun(n)

·3.00 pm

Most people would entirely disagree | Stanity.... with Sir Frederick. The average Auta, Pingshan, shop asiatant in England is most, evil and obliging. One wonders if

Fredericle-1940 difficult eustomer