1930-12-09 — Page 12

12

Money and Markets

UNION WATERBOAT NEW YORK STOCK

CO., LTD.

IMPORTANT RESOLUTIONS

APPROVED.

DISPOSAL OF ACCRUED PROFITS.

EXCHANGE.

LIGHTEST TRADING FOR FOUR YEARS.

(UNITED PRESS.]

HONG KONG DAILY PRESS, TUESDAY, DECEMBER 9,

BRITAIN'S TRADE

WITH CHINA.

1930.

DAILY SHARE QUOTATIONS

THE POSITION MAINTAINED. | duyarą.

:

A

as t

At a time of business depression such as has been experienced in Chian it must have como surprise to most people to learn that in his report on the year 1929 Mr. H. D. Hilliard, Statistical Secretury of the Chinese Maritime Customs, stated that trade with Great Britains and British Domin ion more or less inintained its value.

&

que

$115

HONG KONG STOCK

$1,208

==

1.180 Soud

$300

New York, Dec. 1.Trading on An extraordinary general meet the Now York Stock Exchange to

What has to be realized in that ing of the Union Waterboat Co., day was the lightest in four years Ltd., was held yesterday at the bocause of the assembling of Con- the character of the trade has de- offices of lesers. Dodwell & Co..gress for the short session, says the cidedly changed. People have been $1,9.0 Ltd., the General Managers, for the daily review of the Dow Jones Finneeustoned for years to think in purpose of passing cetiain resolu.ancial New Agency.

loose terms of China ne a great ten and silk exporting country, and at the same time to regard cotton piece goods as the staple of British imports. As a matter of Fact tea can no longer be described in this manner, as owing to the deteriora.

tions for nutendment of the Articles Traders customarily aloof at such of Association.

times pursued their usual policy Mr. J. P. Warren presided, sun- ported by Mr, H. G. Shewan, the of keeping clear of the market Hon. Mr. C G. S. Mackie, Mr. P. whito awaiting the President's Yamamoto, Mr. D. J. Lewis (Con-message, as a guide to what move, sulting Committee), and Mr. M. D. E de Sousa (Secretary). Among ments they may expoot, Saka for the shareholder present were: the day totalled 1,107,500 shares. tion of quality and the mprovement $9.35 Messrs. Harold Seth, D. V. Steaven-Call money romained at its 2 perin other growing countries, the son, W. E Van Epps, and L. G.

inarket for black tea is now to a cent, level. 9. Dodwell,

large extent restricted. China doos still hold the field for groen tea, the market for which, however, is prać- Prices advanced on short cover-tically confined to North Africa would like to point out that the in, and "longs" remained out of and certain districts in the west of sound financial position_ of the the market, Waterbout Ch. is due very largely

In explaining the objects for which the meeting was called, the Chairman anid:Before putting the resolution to the nesting

I

Advances on Short Covering.

Ameren. Other countries have endeavoured to compete with China in growing this variety but have nover succeeded in obtaining the formation concerning the Presid-flavour which has made-green tea

tial message, and many grotes que tumours were in oireilation pular. Japan bas equally auc-

ceaded in making inroads concerning its contents.

For the first time in many years, to the conservative manner in which traders appeared to lack inside in- the Company has been managed, including the gradual building up of reserves over a long period, and if you add to this the appreciation in the value of investments, your consulting committee are of the opinion that the time has come when shareholders should parti- cipate to some extent in the profits

50 accrued.

Gains were recorded on all the Dow Jones averages, the most im- portaat being for 30 industriala which rose 2.09 to 185.18 although UB. Steel was Jeff 3/4 to 144. Bethlehem rose 1 to close at 62. In order to enable your committee Eastmann Kodak was up 3/4 to to do this, certain alterations to 17. Westinghouse E. & M. was the Articles of Association, already advertised in the Prese, are up 1 to 101 and General Electric was up 1 to 491. General Motors necessary, and I would, therefore, move that the proposal which has rose 3/8 to close at 35. Chrysler just been read out by the Secretary was up 14125; nd Parker as WAR to and Packard was approved and adopted. The proposal was seconded by up an eighth to J. Mr. Van Epps and carried unani

mously.

Continuing, the Chairman said :-

:

Rails and Utilities Up. The Dow Jones as age for 20

I would remind shareholders that rate was up 1.30 to 06.03, while

n further extraordinary general that for 20 utilities was up-,77 to meeting of the Company will be held 64.85, New York Central gained

Chion's silk trade.

00

While ten is no longer China's great standby in her export trade, the same must be said about cotton goods where Britain's import trade is concerned.

It is still of tho greatest importance, constituting in its various sections the largest single item of British imports. The fact, however, is that other classes of goods have succeeded in finding

a market here, and so British trade

he not shown a falling off. So far as can be seen this was economical-

EXCHANGE.

SHAREBROKERS' ASSOCIATION.

Ballara

Salée Nomina!)

MONDAY. DECEMBER 8.

Aurora Ballara Fales Kominal

Banks

$3.30

$281

E113

Th

3,1720 HK. Banks

£19

937

Do. (London) in Chartorod Banka...

11

៖៖៖ ឱ

1911

FOREIGN MAILS

RADIO NOTICE.

Individuals and irma are recommended to register their telo graphic address at the Radio Oleo. No charge is made for this.

$1,793

£10

Mercantile Bis. “A”

£28

41*1

Da.

£121

---

Bank of East Asia.. 6117

Insurances

41003

BT na

钠

Canton Insurancos.. $1,205] -Underwriters

БИОЦА

Buonal and Swarow

$3,30

T100

MANILA

North Uhinae.......................| Union Insurances...) 1503 M.500 Yangtero Insurances China Firos

$45

H.K. Fires------| $1,200

Shipping

H

37/0

Kailans

T.8

TE

T.61

$31.70

$163

5

$311

::

Douglises $80 8311 Steamboats.........

$23

Indos (pref.)

Do. (dot)

70/10 | Shell Transporta ...

Water boat...**

Mintag

Bonquata...

Langiats (comb.)

Do. (singlo)... Explorations............... Shangbai Loang Raubs****

Trongh Mines

Docks, Wharver, Godowns, etc. ́HL.K.4 K. Wharfs. $160 Providenta (old)... 5,35 Di (now)... $2.65 H.K. Docks .....$31 T.114 Shanghai Docks ... 17.10 New Engineerings 1.480 Hongkewa

Lands, Hotels, and Buildings

BUU!!

TOMM

3168

INWARD MAILS.

FRUM

PER

ມີອາ

SHANGHAL.1

JAPAN, BHANGAT and EUROTE TIL

Sinzia (London, 20th November)...

SHANGHAI And SWATOW

Alipore

9th Deo.

D'Arlognan

Oh Doo.

Nanohang

9th Doo,

#

Sphine.

Sth Dea.

Van Heuin

8th Dec

Tuming

10th Dro.

BATAVIA

LONDON Percola

(6th Nov.)

JAPAN and SRANDHAT

U.S.A., HONOLULU, Japan and ShanO- Hai (San Francisco, 14th November) U.S.A., HONOLULU, JAPAN and ÓmanoKali

(ban Francisco, 21st November)

Tjibodas

10th Deo.

Rondo

11th. Doo.

and BTRACTS...

Sarpedon....

19th Dec.

Terulcuni Maru

19th Doo.

Fru. Polk

19lk. Dea.

Free. Grant

18th Deo.

AUSTRALIA and Manila ***

Ohangisi

16th Doo.

CANADA, U.B. &., HONOLULU, Japan andį

$43

PHANGUS Vancouver, B.O.. 27th Nov.) Emp, of Canada... U.S.A, HONOLULU, Japan and Suano-

17th Dec.

28

HAI (San Francisco, a th November) Í' Shinyo Maru

17th Dec,

*83/19

·OUTWARD 'MAILS.;

1.

37/-

T14.40

$7.40

T.1

ΤΟ

1911

14/

REGISTERED and PARCEL MAILS are closed 15 minutes sarlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 a.m. registered and parcel mails are closed at 6 p.m. on the previous day.

Fox

Pr

DATE and TIME

Tuonday, 9th,

Hoihow and Haiphong

Manila and Sourabaya

Calcutta via Straits

Borneo Tjikarang

8.50 A

9,8')

Kum Sang

Parools Lotters

Noon

1.00

7.193.

T.7

Saigon, Siraits "Ceylon, India, Maɛri-

Fort Bayard, Hoihow, Pakboiand Haiphong Tonkin Bwatow, Amoy and Foosiow

tine. E. and 8, Afriss, Aden, Egypt! D'Artagnan and EUROPE via Martillos-dae Kir-f

sailles, 8th Jan., 1981 ....

12.30 I M

Baiyang

1.00

Kowloon P.O.

Reg.

Letters 1.00

1.00 PM

1:00 F M

G.P.O.

Beg,

Lettore

1.45 9.30

$11

$111

13/10

FLKN. Hotels ... $11°

811,20

Kowloon P.D.

4

$82 891

$81

"H.K. Lands (old)...]

$82

(new)

$811

$20

1. (right)

T31 Shanghai Lands

$9.33 8161

HK Realtys.********

80.30

Biraits, Ceylon, India, Mauritian, East”

and South Africa, Egypt and EUROPE in Marmillan-due Mar soilles, 8th January, 1931

Rog

1.00 1.

Diomed..

Trotters

1.00 a

G.P.O.

W

F

Beg.

$17.

Humphreys $181

**

187

Chilona Estates

Atlas Maru Bphins

H

N

Cotton Mills

*11.60)

Eva.......T11.60 T11.80

hai, Cottons...............

T.82

Zoorg Binga *****

1.01

to

Shil.

Publia Billition

Tramways..........

$18

Fandakan Haiphong Amoy

**

www

Hintang... Vanton Trinan

Peak Trams (olu}...{

Do.

(now)..

$924

Star Ferries...... $921

Sya

$28.50

1320.20

$25.85

$801

$83

|

►

ly inevitable. With Japan entering the field practically on the door step of China, having a well organized industry, working longer hours than Lancashire and having the advantage of lower freight rates, and with China's own cotton indus Sales

in these offices at 11 am. on De-1) to close at 151: Pennsylvaninity assuming constantly larger comber 23 to confirm the proceedings was off a quarter to 60; Canadian at the meeting just ended, and that l'acific was off a quarter to 43:

a further extraordinary general and Union Pacific was moeting of the Company will he held points to 185.

at the same place and dato just as

Boon

as the above meeting shall have torminated for the purpose of considering, and, if thought fit, passing a further resolution, notica of which has appeared in the Press

DROP IN RUBBER SHIPMENTS.

BUT TIN EXPORTS. AGAIN INCREASE.

While a big drog is recorded in the figures of rubber shipments from Malaya for November as compared with those of the previous month, there was an increase in the export of tin.

Last month rubber chipments amounted to 41,281 tons-

In the four months previous the feures were as follows:-

July

August

September

October

Топа.

43,347 47,802. 49,229

47,800

The exports of tis last month aimounted to 8,531 tons, showing a big increase over the figure for October, which tutas 7,363 ton

For purposes of comparison, the figures for each month of the year are given below :—

two

EXCHANGE RATES..

(DNITISH WIRELESS SERVICE.}

ROBY, December 7.

123.593

dimensions, it has become increas ingly difficult for British goods, acept of the highest class, to com- pete with others on the market. The general result is that British trade is now much more of · diversified nature than formerly, and thanks to this, it has maintain el more or less its volume, although Rs the figures published show the year 1029, when it comes to im- porta, although better than its im- mediate predecessors, is below the seara from 1920 to 1924.

$123

S_P

***

C. Lights (old).....

Do.

(109) $20.65

B.K. Electrica in 2003.

Macao do. wetin

Bandakan Ligita ....

felophones (fully pd.)

Do

(part pd.) $23 China Buson Tractions

-

T100 Macgregors (pref.)

83.80 Canton Icos

Caments (comb).... #171 | 817. §

Do

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

Bopes P113.40

Chian Sugars.Ku

Formosa... Shanghai and EUROPE via Siberis | Bwatów and Amoy

Shangbal, Japan, Canada, U.8.A, 0.1

and America and EUROPE via Vancouver, B.C.de Vancouver, 8.0., 37th Dec, and EUROPE via Siberia

Shanghai, Japan, Hoselalu. U.S.A... Canada, O. and 8, Americe, and *EUROPE in Ban Francisco- doe San Fra Iso0, 1st Jan., 1981, and *EUROPE via Biberia.....

Holbow, Fukhoi and Haiphong H Bhanghai

Swatow, Amoy and Foodbow... Australia (except places North of Town- aville) and New Zealand via Singapore and Brisbane-cite Brisbane Brd, Jan. 1931

Straits, Cylon, India, Mauritiae, B.und

8. Africa, Adea, Egypt and EUROPE. via Marmitianodis. Farzzi'lem, 8th January, 1881 ........

་་་

Hoihow, Hihoi and Huphong Japan, Canada, N.A, and B. Amerios and "EUROPE via San Fr. 0000

du Ban Francisco 8th Jan, 1981...'

Shanghai and *EUROPE via Siberis

Fan Louis

Emp. of Ana

Chichibu Marm

Mona io Maru Bonda Bremerhaven

Hai Ning Terukuni Maru connect with Niewia Zeeland at flingspore

Lelton 30

A.00

5.00 M

Pareola +5,00 M. Wednesday, 10th

Reg.

9.15 AM

Twiters 1000, & m

Wednesday,

10th, 13021 2.80 T 8,30 ...

Reg. 500 ▼ M Thursday, 11th, |Lofter-8,80 A w

Thunday, 11th,

8.30. 1.30 TM

Friday,

5,00

19th.

200 2 พ

Beg

4.15P

Reg.

Tereskuni Maru

Beg.

Lattars 5,00

Kowloon P.O.

4,80 P

Tettere 4.30

G.P.O.

6,00

Lelters 6.00 V

Saturday, 28th,

Industrials

Do. (prof.)oval

T.30 Caldbeck,

[(ord.)

Paris

New York.............. 4.852-

Brussela

34.871

Geneva.

25.003

Amsterdam zne

12.001

-Milan

12.061

Berlin

20.30

Stockholm

18.093

GERMANY TO MEET REPARATIONS.

$17.65

18.15

FEDERATION OF INDUSTRIES ENDORSES PROGRAMME,

$19)

$11.40 $0.80

$5,20

$97

Malabon Bugar ...

15

United Asbestos...

Miscellaneous

Copenhagen

Oslo ......... Vienna....... Prague Helsingfors Madrid Lisbon .....

Athens

Bucharest

Rio Buenos Aires Montevideo

Bombay Shanghai Hong Kong

Yokohama Silver:-

18.10 31.49*

1133

Spol....... Forward

EXCHANGE.

•

1921

43.75 108.25

375

818

4 21/32

38 15/39

301

1/53

1/02

1/21

2/0 17/32

181

15 9/16

CLOSING QUOTATIONS.

Tons.

January

8,234

February

9,362

March

7,801

April

ON LONDON:→→→

9,765

May

10,307

June

.8,105

July

7,417

August

7,868

September

5,311

October

7,363

8,551

November

December 2, 1039...

Telegraphic Transfer... 1/2k Bank Billa, on demand 1/8 Bank Bill 4 months".

right.......... 11/2 Credits,

months": Bight

-1/2 13/16 Documents, 4 mont

1/2 1418 sight Bank Bills, on demand 727 ́Oredifs, 4 months" night 7674 ON NEW YORK:~

ON PARIS

Ban Billa, on demand '28 9/16′′%! Credits, 60 days' sight. * 11/16

ON BOMBAT:

Braphio Trangler 70

USE OF GOLD RESERVES.

POSSIBILITY OF ANGLO-' AMERICAN AGREEMENT.

on demand.... (THROUGH RENTER'S AGENCY.]

OR CALCUTTA L LONDON, Dec. 7.- Telegraphic Tranator... 70

Bank, on demand ... The possibility of British and

•\Tia, 20* American agreement in regard to ON SHANGHAI :---

Bank, at sight **J. $8± skam. the use of gold reserves was mon- tioned by Mr. William Graham, On YoxoHAMA

On demand President of the Board of Trado,

in a speech at Middlesborough to O MANILA-On demand... 87, day, in which he said be fervently On BEGoRK;— hoped that American and British

50

On demand ......... financial authorities would be ableON BATAVIA:-On demand., 718 to arrive at such an agreement ON HAIPHONG - which would provide on a sound

basis a great credit, structure, and Ox Bardoff:-On demand) 31

That necessarily, depended on the central banks, but the British Gov- ernment were alive to the necessi ties of the situation,

On demand

ON BANGKOK BOVERKIONS, Bank's Buying

“Baw" SILVIL, per, ok:

1/2 13/16;

DFD

-Bo

Dairy Farms, cum.r

+

Babaul

H

FIL

7/

$274

Taming

8.301

Parocla

8,00 P

Pres. Jeferson... Reg.

415

Letters

Beg

5.00

#171

***

$951 88.90

Do, az righte

Pres, Jeferson Letters 6.00

righta

$1

Dor A.

Sunday,

$29

Anusment an

#201

Bangkok y'a Bwatom

Kaying

Chin. Katortaininto.| $121.

Bwscow. Amoy and Formoss...

Hozan Maru

Constructions.

望

Amoy in

Anking..

W

+491

13.70 Lane Cr

Crawfords ... $37

441

BID

Mackintosh......

Boihow and Bangkok

Kanciyang...

11

$11.60 Binceros

Bwatow, Amoy and Foochow

Haiching

1.1

$12.80 Watson5

Manila

Emp. of Canada...

8.30 7.1

414

Berlin, Nov. 18-The meeting of the Federation of German Indus- tries to-day unanimously, passed a strongly worded resolution welcom- ing the Bruening Cabinet's finan- cial and administrative reform pro- gramme and expressing the earnest hope that the Reichstag and the nation as a whole will rise to the occasion, even though the new bills will undoubtedly heap further wavy burdens on the shoulders of the German people and compell all and each one to lower their standard of living. However, it was pointed out in the debate preceding the pass- ing of the resolution, this must be 09/ done in order to prove that Ger- many is doing everything in her power to fulfill her obligations and has no desire to force the issue as long as there is any hope that, be fore it is too late, the creditor nations of Germany will recognize- the necessity of a re-arrangement of the reparations settlement

$8.00

will keep του touch with Hong Kong. дете for six months

AFTER YOU GO AWAY

and you will certainly want to know what In happening. Send an" order for the Weekly Prez to be sent to you. We, at 11, Ice House: Street will do the rest..

$10

Canton

Nanyang Tobacco... $3,40

$2.85 Wm. Powells

+++

$12.20

$18

B. Ind. G. Bonda, 69%

prem. H.K. Gost, Exaar $105ą i

LOCAL AND BEGULAR OUTWARD MAILS,

† 7.16 min. d) (7,30 am, &

Btraits, Ceylon, Indis, Mauritius, Easty

and Booth Africs, Aden, Egypt and | Kalyan KUROPN vis Marseillesdtub Kar seilles, 17th January 1981

Manila, Australia, and New Zealand vis?

Thursday Island — due Thursday}|| Chengts... Jaland, 3rd January, 1931

•Superscribed correspondenes only.

14th 830 A 9.00 AM 9.00 &

Tuesday, 16th,

10.30 ▲ # 1,00 T

10th,

Wedoosday, 17th,

Friday,

Kowlson P. O. Parools 4.80 Þ * Bog 20th, 9.00 M

Laitaru 10.00 AM

A.P.0.

PA 1913,5.00 P Ber 30th, 9.15 am Lellans” 10:30 AM

Monday, 22nd, Parola:5:00 11 Hag 9zed 9,45 a Y

· Lettere · 1090 A

WEEK DAYS.

FOR

FROM 0.2.0.

FROM SKRUNGWAN BRANE PO.

FROM

[SUNDAIN & HOLIDAYS

YRON SUMUNGWAN_

G.R.0.

- ERANOH

P.0,

Macro & Tuinshan

$7.15 mm. & T

7,80, (7.00pm.

( 7.16 m. d) $ 7,80 81 {1:15 pm.

Kengmoon (except Eaturdays) 500 p.m.

Kaukong (except Saturdaysy

Fatahan (By Train)

Tel Fo..

Shumchun

Chennychow

Aberdeen Stanley

antar, Pingahan, Bantin," Shatin, Shatsukok and

36,00 pin,

7.00 pu

Sundays

Bundar

Lonly

Cop only 7.00 pm.

[7.15 mm & (2.30

1.15 p.

180 B

Bundays Bunders

only 6.00 pm

11:50 p.m.

BIB

8.00 p 6.00p.m.

.7.15 a..

0.03 a.m.

4 100 4.0L, &l

7.15. 0,00 3.00.1

$8.00 ..

10:00 1.0, J

11.0

18.00

1300 pic

1980 p.m. &480 p Saturdays 100 p.. [480p.m

64.80 p.m.

8,30 am

8,80 MMA,

100

1.00 juzu

10,200.

100 p.m.

Balkung ... t

1.30pm,

Samtan, Shekk & Taiping

720.000,

(Funds) ...

8,30

Lonly

6,00 p

6.00pm

700 ps

Interested In Wireless?

Then look for some

interesting news ∙in· the

Daily Press next Thursday.