A
We have received the following report from Mr. H. O. Odell, stcek and share broker, of Hong Kong:-
rl
Cotton Yarn..
SOUTH
No. 20s.
SEAS.
No. 123.
No. 108.
No. 5.
Money and Markets
HONG KONG SHARES. JAPAN AND
MID-WEEK REPORT.
THE HONG KONG DAILY PRESS. THURSDAY, AUGUST 8, 1929.
CANTON MARKET REPORTS. DAILY SHARE QUOTATIONS.
Latest quotations for cotton yarn, raw silk and foodstuffs in the Can- ton market are as follow:-
SHAREBROKERS'
ASSOCIATION.
HONG KONG STOCK EXCHANGE.
HOLT'S WHAFF, KOWLOON.
IN the rest of CONSIGNEES Not Taking DELIVERY of the
SOLD by PUBLIC AUCTION to defray Cost of Storage, etc. :-
Date of
Per Bale. 8293-315
Buyece
Beitere Bales Nomisal
WEDNESDAY,
AUGUST 7.
Es Steamer
וי
Marks
Pastages
Arrival
Buyer Baller
Baler
Naminal
"SARPEDON"...
D & W
1 care Mineral Water
29/11/17
02-78
"MENELAUS".
H.W.D.
1 bag Ritots
99/3/28
230-248
J200
106 215
POSSIBLE INVESTMENT OF
BAW SUL.
81,234
CAPITAL.
No. 13/18 No. 13/15
Medium Best I
Per Bale. E. K.8935
div. £123
£101
920
གཨི་ནཝཱ་ན་
Bank
H.K. Banks
Do. (London)... Chartered Banki Mercantile Bk. “Å“
31,933 ax dir.
"CYOLOPS"
W.Q.J.
18 pieces Barn
2/11/29
£194
"IXION"
Do "LYCAON
OY.T.
6 pieces Plank
9/11/08
£15
Do.
£1&
N/M VINCENTE CRON
1 ild.
9/11/28
1 Trunk
10/1/29
Flear.
P. & O. Banka
Per
8901
Bank of East Asia...
*
1800
BUTTERFIELD & SWTRE Agenta,
Bo
Hong Kong, 8th August, 1929,
[8208
83.06
Insurances
3:57
3,89
$630
Canton Ins.
3630
4.33
Underwriters
....$1.80
32
Pat Kwa pe
4.90
T180
North Chios
Five Swallows
4.90 $326
Union Las............$326
850
4.33
Yangtaze. Ins...
T180
$60
4.33
$310
China Fires
*-**-... $300
$770
H.K. Fires......
$770
4.00
3.56
Shipping
Bice.
:
$241
$ATA
397 Douglases
Indos (pref.)
827
$244
|JAVA-CHINA -JAPAN-
!IJN.
Tel, Address.
JAVALYN
Tel. Central 1574)
Increasing attention, says the Another dull period has to be recorded in the local market, prices Japan Timer, is being paid to the generally remaining practically un-South Sea marketa as changed since our last review.
The Shanghai market-especially in Cotton shares continued its upward movement, and new high
levels have been attained.
Foon Yina Red Leaf.... Foon Ying Kwan Tao.
the most Gusholt Brand promising of foreign consuming Rainbow Brand channels of Japanese manufactured Double Flags products and a profitable field for Big Gun" Japanese investment. Various Banks, Remained firm, and are leading trading corporations and new being inquired for at $135,apitalist interests of the country ex the interim dividend just paid
Bank of East Asia. Are on offer have despatched during recent 111 888.73, without attracting buyers. months a force of experts to these
Canton and HK. Fires.-Are countries charged with the task of nominal at 8630 and 8770 respective investigating trade and investment My
Unions.-Realised $320 and have opportunities afforded there. Some "further buyers.
of those experts are now back in Jupan, and their reports uniform- ly indicate the highly promising
Underwriters. Have improved slightly to a buying. rate of $1.00, Steamboats.—Are quiet at 894), Raubs-Remained firm ne 883. with no business reported.
Wharves. A small lot changed hands at #1, with buyers offering 518 we the lowe
Providents.--Arp in demand at sal, with no shares offering under $4.33.
Hotels-Have buyers at 88.30 and sellers at 35.
Lands.Were dealt in at 838 ex the interin dividend of $2 per share.
Humphreys-Can be placed at
$13.60.
Realtys-Are wanted at 88 and a little higher rate will probably be paid to secure shares.
Trams.-Eased off to 818.35, but
received to $18.60 after the an nouncement of the interim dividend
of 50c, per share, payable on the
7th instant.
Ferries-Were done at 804/04. with further buyers at the latter
price.
Electrics. -Salea have been ported at 855 and 836.
re-
Lights. Were taken of the mar ket at 813.13 for the old and $13.20
for the New Issue,
Cements (Combined),Are avail-
Alle at $0.
Dairy Farms. Are obtainable at $191.
Amusements-Continue in quest at 8201.
character of these fields for both purpos
Activity in the Straits, Japan's achievement in the ex- port trade activity in these sections,
while not at all unimportant, is not commensurate with the en- prinous trade opportunity offered by their countries, one expert de clares. To accelerate export busi- Laess to a higher pitch various re forms will be advisable with res pect to the Japanese trader's atti tude and method of doing business. For instance more attention should be paid to the Dutch East Indies, Sumatra, Borneo, Celebes, etc., not confining activity more or less to the Straits Settlements and other old markets. More study should be nude about the likes and dislikes of the markets. If proper mission- ry and sales effort are made, ap- ples from Korea and salt salmon- trout from Hokkaido could be in troduced into these markets with ease and in increasing quantity.
It is a mistaken notion that all
Per Picul. Common White. Kwang-
88.94-11.57 hung t Common White. Annam 0.71-30.60 Common White, Teng-
king
Paddy. Kwangung Long Unglutinous Cargo Rice
RUBBER.
JCJL
REGULAR PASSENGER & CARGO SERVICE BETWEEN HONG KONG, AMOY, SHANGHAI, MANILA AND THỂ DUTCH EÄST INDIES.
SOUTH ROUND.
แ
Steamboats
ΣΤΟ
Do. (def.)
92/6
Shell Transports
Water-bonta
821
8.5'S- 0.93
5,78. 7.60
Mining
0.24- 0.71
York Building
5.00- 8.40
White. Bran..............................$3.18- 3.92. Common White, Broken
$.99-6.75 Common White, Granu-
lated
$3.10
Beaquets..
Hangkong)
63/6
Kailans
63/6
T.15
Langkats (com.)
T15
T.9)
Do... (single)
3.53- 3.68
T.A
Explorations
{T.43
Shanghai Loans
$8 21/
Rauba
Tronoh Mines ****
18/-
Docks, Wharves,
Godowns, etc.
81471
H.K. & K. Wharis
(8127)
$4,20 34.35 $39
Providents
184.16
STEAMERI
FROM
EXPECTED от од ABOUT
WILL LLAVE ON
FOR
H.K. Docks
(832.
Shanghai Docks
T134
New Engineerings
T.175 Hongkows
Cotton Mills
ETON
Do.
115.73 Oriental........... 12.35 Shai, Ctons (old)...T84 (new)... T48
TJITAROEM. S'u, K'Luxo. 11th Aug. 18th Aug, Hanila, M'xsax.
& ΑΚΟΥ
Noon & SOBRAZALA
BATATIA TJISOND ARI....... S'em. & Axor 15th" Aug. 17th Aug,
Noon TJILEBOET .... S'ha1, K'Loss, 25tk Ang | 27th Aug., Manila, Mesan.
ANOT
Neon & SORRABALA
BATAVIA TJIKEMBANG SEAL & Axor 26th Aug. 28th Aug. TJIKARANG SEAL & ANDY 5th Sept.
TJISALAK
Noon
7th Sept.
ΒΑΡΑΤΙΑ
Noor
SURPLUS STOCKS
DISSIPATED:
Messrs. Pentreath & Co. have T.1334 forwarded us the following letter, T.7 dated July 3, from Messrs. Hornby Hemelryk & Co., Liverpool:
For the major part of the week pader review, business in" Rubber has been very quiet with practically
T18.70 T15.50 T.11
T2.30
T.85
1.16
no interest from consumers, apart from a little demand for Spot and Afloat parcels to the Continent, and an occasional lot of Afont Rubber to New York. Since the be ginning of the week, however, a better inquiry has been in evidence,
$8:35 $59 Principally from the Continent.
Yesterday, the market was gen; T.147 erally stimulated by the figures of $8.15 shipments for Tune, which total
$61
8.13
809
40.395"Lons and thew a reduction of 2,362 tons on last month's total The consigaments shew substan tial reduction to each destination. with the exception of the United $18.40 8183 $18 Kingdom which shews a slight in
markets, demand, high grade arti- cles under all circumstances, this individual points out. Such goods are necessarily high priced and are not within the reach of the average native. One of the most essential measures for the exploitation of the South Seas market will be to have numerous Japanese merchants, who SHANGHAI MARKET.
can talk and understand the langu- Catton shares have been the ages which are native to their medium of a considerable amount markets, established at vantage of business at improve rates, the points and conduct direct transac latest prices paid ng:-Ewostions with native retailers. At the Tls. 16.10 ens, September; same time an ampler subsidy should | United Kingdom 7,242 Shanghai Cottons (old) Tls. 90 cash be given to the commercial museums United States of 92 September: Zoong Sing Cottons Tls. 10.23 September.
BTC:-
located at South Sea points to fagi. litate a more aggressive publicity campaign for Japan-made products. Augmenting Purchasing Power.
crease.
The details are as follows:-
Lands, Hotels and
Bulidings
H.K. & S. Hotels...38.35 (88.45
H.K. Lands ***** $59
Shanghai Lands ...
H.K. Realtys.........88.10
Humphreys.....
$13.60
Chinese Estates .....
**
Public Utilities
TILE WEYS ....
$11.80
$6.05
Juce 1929. May 1929.
4:
TO43.
tons. 3,477
$84 $13.35 $13.20 866
$13.40 /
253
$264
30,966 4,957
T.141 3,260 tangible 20/-
$7.
America
26,883 Continent .......... 3,989 Other countries: 2,304
To our mind, given a continua- tion of the present rate of consump- tion, it is probable that it will be only a short time before consump tion overtakes production.
$2
គ: ៖ ៖ ៖ ៖
The prospects for all cottot shares at the moment look very
Д Besides indicating bright, and with the announcement
reduction in output, the figures of an interim dividend by the Ewo
It is remarked that the aggregate rather give weight to the opinion Cotton Mills of 40 candareens per share, holders are now more, then export trade of the South Seas which has been held in London, for countries is valued at Y.5,000 mil-rome time past, that the surplus ever reluctant to dispose of their lion, and that of importa at Y.4,000 stocks have now been dissipated. $7.70 holdings. In view of the above, it
million. The net Y.1,000 million which means that future shipments is expected that all other cotton milla will show good reports in the export surplus annually is expand will depend upon the actual out. future, and prospective buyers willing the purchasing power of the put for the month. do well to enter the market im population at a tremendous pace." mediately-
Japanese exports to these areas The Exchange rates for the day amount to Y.180 million and im- ports to Y.200 million only. While the Chinese boycott movement had some effect in putting down the Next Settlement Day, Tuesday, formance could be greatly improved
trade figure to some extent, per August 97.
upon if appropriate measures are adopted along the above lines.
Investment opportunities offered by these territories are good, and if expitalists are satisfied with a 10 per cent. annual return for their meney an almost unlimited number of enterprises could be started. d. Land and other property ownership is unencumbered in both British Picul and Dutch possessions and capita lists can invest their money there with the least worry n that direc
T.T. on London T.T. on Shanghai
1/318 32€
HONG KONG MARKET REPORTS.
Yesterday's quotations for rice and other food-stuffs were follow:-
Rice.
White, Red Seal
Per
15
87.49
48
White, Hung Sing
White, Fuk Sing
7.76
White, Luk Man Tsa
8.26
White granulated, No. 3
5.90
White Broken, Black Senl
White Bran, Red Seal
Long-Unglutinous. Hung Fei
Lung
3.06 3.95
7.25
Miscellaneous.
No.
18 course granulated.
sugar
No. 24' coarse
granulated
Suger
£6.33
7.15 5.88 77.00
.160:00 10.50
Green Sugar, Manila"
Fishmaw Dried Mushroom, Heung
Shun Camellia-nut oil Black Bean
.......... 0.70
CANTON RAW SILK MARKET.
REPORT FOR WEEK ENDING AUGUST 8,
The past week bas been quiet, with but small transactions with America. There are a few inquiries from Lyons, but the prices offered were too low to allow business.
Prices are very steady. " Closing quotations were:- 8840 for 14/18 N.8. Crack Chops. 8865 for 20/22 N.S. Ex: Ex. A. 8025 for 13/15 C.S. Best I.
tion.
Copra teo, and rubber are well known, but still very auspicious helds for Japanese capitalists and industrialists. Quite a new aspect-) is presented by the rubber planta- tion industry because of the dis covery of a method which enables production of one pound of ruliber at a cost of 20 cents. A transfer of yen funds for investment: pur poses at this moment would be un- profitable in view of the prospec tive resumption of gold shipments, because of the exchange loss, but this difficulty could be surmounted by borrowing the needed funds in England or Holland and repaying them when Japan is back on the free gold basis, thereby pocketing the resulting exchange profits.
CANTON STOCK EXCHANCE
CLOSING QUOTATIONS.
CANTON, August 0. Water Works ..
$3.50 Electric Light & Power Co. 3.70 Canton Hankow Railways .48 The Sun Company
$7.00 Sincere Company
122.00 Nanyang Bros, Tob. Co. 4.10 Ewangtung Tramway, Co.... 2.30 China Merchants' S.N. Co. 30.00 Central Bank of China...... 41,00,
We understand that the opinion held out very interesting possibili: 226 is generally held that the markets ties during the next few months $1.85 and that the year 1930 may possibly
818 be a repetition of 1993.
Close London last night: Spot and July 101d., July/September $12 103d., October/December 112d.. Jan./March 11d., Jan./Dec. 1920
30,982 tons; Stocks: London, Liverpool, 4.628 tons; an increase of 385 and 113 tons respectively.
Our New York correspondents cable that the prospective year's consumption of about 800,000 tons is causing firmness, and that short interest is shering nervousness.
"
:
LEYLAND MOTORS.
REDUCTION OF DIVIDEND ARREARS.
A dividend of 15 per cent. has been declared by the directors of the £750,000 Leyland. Motors on seven and a-hali per cent. Second Preference capital, being the pay: ment due for the two years ended Dec. 31, 1929.
Payment was to be made July 10, and a dividend for the half-year to June 30, 1929, was to be paid on the six per cent. First Preference shares on July 1.
Last year a reconstruction scheme put forward was rojected by the First Preference shareholders, Following this, in February last payment of eight years' arrears of dividend on the First Preference capital was declared, calling for £78,800 from the profits for the year to Sept. 30, 1928.
At the meeting in March the chairman forecast the payment of something on account of the Second Preference arrears later in the year.
The ordinary capital is 2000,000 in shares of £1 each.
$9.20
$7
$22
71%, prem.
fest
91.40
120.95
Peak Trams (old)... $11.80
Do. (new)... Star Ferries $64 C. Lights (old)...... 313.40 Do. (new)......$13.85 H.K. Electrics... $58 Macao do.
Sandakan Lights...
Telephones...
China Buses Tractions
Do. (pret.)......
Industrials
Canton Ices
$2.25
Cements (comb.)... $8.90 $2.10
Do. (old)... $5
Do..
(new)....$1
Ropes ***** China Bugars Malabon Sugars
Uaited Asbestos
Miscellaneou
Dairy Farms Der A. Wings... Amusements
Constructiona Lane Crawfords Mackintoshs......
Nanyang Tobacco...!
Sinceres van
$27
$197
$0.80
812
1818 56
$18.80
བིཟླ། ཤྩཎྜཟརྟནི་
1
(8'HAL K’LUNG. 8th Sept 10th Sept., MANILA, M'xsın.
Noom & AXOT
SOEKABALA
NORTH BOUND.
TO KO
EXPECTED
WILL
STEAMCERS
FROX
LEAVE ON
Fas
ABOUT
ON ABOUT
TJILEBOET JAVA,MAKAMARIA Barbour TJIKEMBANG BATATLA
TJIKARANG " TTBADAK TJITAROEM
BATAVIA BATAVIA Java,MAKA5543
9th Ang AMOY & S’WAJ. 14th Apr. 15th Aug fåmor & Sʼxai, TJINALAK Jaya, MaxAsian 21st Aug. 22nd Aug. Amor & S'HAL 24th Ang 25th Aug. Axor & S*Hal, 4th Sept 6th Sept. AOY & S'HA 4th Sept
6th BatjAxor & S'HAJ,
JAVA.
THE TROPICAL GARDEN OF EDEN.
Follow this flag on the comfortable steamers of the JAVA-CHINA-JAPAN LIJN to JAVA,
Corgeous motoring along hundreds of miles of Asphalt roads.
fi
$7
$29
Famous Botanical Gardens of BUITENZORG, Smouldering Volcances.
‚རི༔ig དྡྷིgit
$19.90
$0.00
$274
$1.95
84
8124
811.90
Watsons Dis $12 Wm. Powella
643%
B. Ind. G. Bonds...
H.K. Govt Loan...$107
INSURANCE IN JAPAN.
institutions for the last five years. shows 22.8 per cent. for the First Mutual, the highest; 19.4 per cent. LARGEST COMPANIES ALONE for the Chiyoda, 16.6 per cent. for
-----
GROW.
the Meiji, 15.6 per cent. for the Kyozui, and 10.5 per cent. for the Aikoku. The average ratio of in Bunching of contracts to large crease for all life insurance com. companies features the Japanese panies in Japan is 11.0 per cent.
this Judging from
ratio, the life insurance business at present. amount of contracts at the end of This tendency promises to become 1933 is estimated at Y.9,725,000,000;
Total more pronounced than ever.
an increase of about 50 per cent life insurance contracts in Japan over those at the end of 1928. "II ut the end "of 1098 were this tendency lasts without any Y.8,007,000,000, including new con- serious change, the contract amount tracts of Y.1,338.400,000 made dur- at the end of 1941 is estimated at ing last year. Of these new con- 1.43,000,000,000. There will be one tracta, Y.800,100, 000, nearly half company holding contracts to the of the total new contracts, was amount of 7,000,000,000, occupy- acquired by the five largest insuring one-third of the total contracts ance companies, the Nippon, Chi- yoda, Meji, First Mutual and Tei
koku.
On the other hand, cancellation of contracts is small in large com- panies but large in minor com- panies. Thus small institutions, are quickly receding to insignificance in a severe competition with large ones. But it is problematical whe ther this prosperous condition will, continue long or not, because of the fact these large companies are trying to get as many contracts as possible by offering high dividends.
Enormous Contracts.
The average ratio of increase of insurance contracts of some larger
Beckless Rivalry,
But this will not take place as a matter of fact, because the na- tional wealth of Japan is not strong enough to stand the enormous can. On tracts amount of Y. 23,000,000. this reason life insurance companies will not be able to retain the pre sent ratio of increase for long.
The prevailing increasing tenden. ey, for contract cancellation and a comparatively small amount of net increase of contracts are due to the reckless canvassing for contracts The rizal among
companies. amount of contracts is supposed to have reached a point of saturation, it is generally observed.
Ancient Hindu Burubudur and Mendut Temples. -Native Art and Art Craft.-Numerous cool Mountain resorts 3000-6300 fest altitude.
A round-trip that takes 3 to 4 weeks to be remembered for a life-time.
If
For particulars apply to:-
JAVA-CHINA-JAPAN LIJN.
Agents:
ROYAL NETHERLANDS INDIES AIRLINES, LTD. York Building.
YOU KNOW
Telephone C. 1574.
1575.
1555.
YOU WON'T WRITE
So better send your old mess-mate a Weekly Press vinile he is away, Let us have his Address, and send ma 87.50 and we will send it to himm
น
FOR SIX MONTHS