10
JAVA-CHINA-JAPAN-
JCJL
York Building
· Hung kangt
LIJN:
Tel. Adder
Centra
REGULAR PASSENGER & CARGO SERVICE BETWEEN HONG KONG, AMOY, SHANGHAL MANILA AND THE DUTCH EAST INDIES.
SOUTH BOUND.
ANOT
||TJISONDARI S'HAL & ANDY 7th Nov.
EXFECTAD
STEAMERJ
From
ON OF ABOUT
WILL LEAVE ON
Fox
TJISAROEA
In Port
5th Nov.,
Noon
9th Nor
BATAVIA
BATAVIA
Νοσι
TJILEBOET TJIKEMBANG SEAL. & AMOY
Axor
17th Nov
18th Nov,
20th
10th Nov.
& SOKRANAIA BATAVIA
Naon
TJIKARANG ..SEAL, & Axor
28th Nov.
30th Nov.,
BATAVIA
Noon
TJISALAK
AXOY
1st Dec.
3rd Dec., MANILA, M'KSAR Noon & SOERAJATA
19th Nov, MANILA, M'zsan)
Noon
NORTH BOUND.
EXPECTIO
STEAMERS
FROM
1:
OK OR ABOUT
6th Nov. BATATIA TJIKEMBANG TJILEBOET JAVA,MAXAsan Sch Nov. 16th Nov. BATAVIA ...JAYA MAKASSAR 2nd Nov, BATAVIA 27th Nov. TJISAROUA... JATA, BLAKASSAR 6th Des. 7th Dec.
TJIKARANG ..
TJISALAK
TJIBADAK
TJISONDARI
BATATIA
WILL
LEATE ON 'OR ABCET
FOR
6th Nov. Axor & S'HAT. 11th Nov. SwATON & AMOE 16th Nov. Axor & S'uai. 25th Nov. SwATOW & AMOT 27th Nov. Axor & 8'HAL
9th Dec, SVATOW & AMOT 7th Deo. Axor & 9'mal.
JAVA.
THE TROPICAL GARDEN OF EDEN. Follow this flag on the comfortable steamers of the JAVA-CHINA-JAPAN LIJN to JAVA. Gorgeous motoring along hundreds of miles of Asphalt roads.
Famous Botanical Gardens of BUITENZORG, Smouldering Volcanoes.
"
Ancient Hindu Burubudur and Mendut Temples. -Native Art and Art Craft.-Numerous 'cool Mountain resorts' 3,000-6,300 feet altitude.
A round-trip that takes 3 to 4 weeks to be remembered for a life-time.
For particulars apply to:-
JAVA-CHINA-JAPAN LIJN.
Agents:-
ROYAL NETHERLANDS INDIES AIRLINES, LTD.
Telephone. C. 1574 York Building.
1575. 1555.
EXPRESS
| BARDEN/
PARAMA
LIKE
SERVICE
BARBER WILHELMSEN RINE.
THE PREMIER ALL WATER ROUTE TO NEW YORK and other U.S. Atlantic Ports via Panama,
All vessels call at SAN FRANCISCO and LOS ANGELES
en route.
Passengers desiring to travel by this interesting route will find the accommodation provided wall up to their expectations, and at a cost most reasonable.
42 Days To New York
For Passenger and Freight information please apply:----
DODWELL & CO., LTD.
Queen's Buildings.
Agents,
Telephone C. 1080.
THE HONG KONG DAILY PRESS, TUESDAY, NOVEMBER 5, 1929.
Money and Markets
GOSSIP FROM THE SHARE MARKET.
PRICES STILL IMPROVING HEALTHY OUTLOOK.
FREE ADVICE FOR INVESTORS.
[ExKUFAN"],
ated on the local Rialto during The volume of business negoti. the past week has been distinctly encouraging, and in spite of a fair amount of profit-taking in various stocks, rates still seem to improve, which shows that more confidence is being shown in Hong Kong securities a very bopeful sign.
HONG KONG TRADE.
PIECE GOODS BUSINESS STILL QUIET.
The fortnightly repart at the Hong Kong General Chamber of Commerce contains the following references to piece goods business: Cotton Pięca Goods and Fancy-
Cotton Goods.
The following reports have been received:
י,
RUBBER
MARKET.
WILL IT RECOVER?
Whilst matters do not show a
RUGBY FOOTBALL.
THIS WEEK'S GAMES.
The following Rugby matches have been arranged this week :-
Club H.M.S. Berwick.
very cheerfu, aspect in the rubber On Wednesday: K.K.R.F.C. :- world, it is interesting to read an Back, R. J. Grieve; three-quarters, American opinion, written about G. P. Lammert, C. I. D. Law, G..
A. L.. Plummer, L. Goldman; half- two months ago, as expressed by backs, R. M. Wood, F. W. Stanion:
rubber man in New York. He forwards, D. L. Milne-Day, J. Sut til, R. P. Moodie, T. Riddell, E. R. writes:
West, B. P. Massey, J. A. E "Despite recent figures at vari Kendrew, E. B. Gammell. ance with the view, the aspects are for rubber consumptión outstrip, ping shipments-at" the present
Club. Bomerset Eight Infantry.
On Friday H.K.RF.C:-Back,
rate of disappearance. The trade S. J. H. Fox: threehuarters, Fer may be allayed into a false sense guson, A, N, Other, I. A. Ross, à, of the situation in or by 1930 by D. Coppin; half-backs, . G. Mille, the weight of shipments which be F. D. Blick; forwards, J. E. Henry,
roughing off of automobile attivity Gregory V. R. Gordon dame available during the early S. Dale. W. E. Peers, R. D. Beau- months of 1929, and a seasonal mont, Burnell. S. E. Edgar, S. A: Both games will start at 5.30 p.m. in the latter part of this year.'
TODAY'S WIRELESS
PROGRAMME.
BROADCAST BY ZB.W. ON
350 METRES."
Gossip often moves the market, {formation are invited to write,
Our market remains practically but my investor should either buy addressing their correspondence to unchanged, with little enquiry or sell on market gossip only.
- Kylia
care of the Editor of Offers have been made for small in this column the following. Ture-shipment, but limits indicated are this paper, and replies will appear lots of white shirtings, for forward day.
Names and addresses must be in too ridiculous low in comparison cluded, and it is desired that s with local parity of present Lanca
The technical position of the nomas de plume be used so as to shire values to permit, of business. standing increase of London stocks, matter has not altered, notwith enable inquirer to pick out the answer intended for him.
Small and almost retail sales of at the expense of New York, and Whites ex stock are also reported.a lower commodity price. In the Mid. An Cotton "Spot was quot Dondon could be further augment opinion of the dealers stocks in ed at 0.88d. in Liverpool on the 51sted without reaching the danger point, seeing that there is a litte change in world stocks compared with a year ago. It is a fact that
11 to 11.30 a.m.-Commercial yields of many estates are now less News, Share Reports, etc., in Chi- ahan in the corresponding month th, that is at the tune of the nese and English. first rush of latex after consider able rosting periods. this there has her drought in shipments during the next monte British Malaya, which will affect or two, and shipments from the Dutch East Indies are showing a reduction.
The October settlement, which was the first settlement worth really speaking of since June 1925. was negotiated satisfactorily and everything. I hear, was cleared up long before the closing of banking-
hours.
,
The Shanghai market appears to have weakened considerably owing to the uncertainty of the War situation. In consequenos the pet gambling stock of the Shanghai market-Ewos-suffered
set-back
further
HONG KONG BANKS—A few shares were sold during the week at $1,369, and closed weak with zellem in evidence.
*
UNIONS changed hands during the week at 8379, to 8373, but dosed with sellers at $379, and look like depreciating further. I fancy the decline in this stock is partly due to the "emash" in New York, as a good number of Unions { negotiated recently appear to be coming from, London, which lends me to believe that the rate will ease still further.
*
WHARVES are steady, and have buyers at about $148.
*
*
#
PROVIDENTS had a bit of a jump during the week and after Д fair number of shares, had changed hands at rates varying from $5.00 to $5.73 they closed with sellers at 85.50.
*
HONG KONG DOCKS "alsa showed a slight improvement,' - a few shares changing hands at 841.
*
EWOS Sales have been effected locally during the week at lower- ing rates between Tls. 19 and 17. I do not think these whares will go very much lower, and on the whole would not advise anyone to sell at the moment.. I understand the Company has done remarkably well, and at present rates investors have little to fear, in spite of the influence of the War news from the North.
HONG KONG HOTELS stowed a slight advance during the week, sales being put through at rates varying between $10.35 and $11. They closed with buyers at 311 and
Beliers at 11:20.
+ሕ
HONG KONG LANDS changed hands at $67 during the week, and 208.50, have further buyers at possibly $66.73.
HUMPHREYS weakened slightly after eales had been nut through at $14.80 and $13. The buying rate at the close was $14.20.
*
*
HONG KONG TRAMS also shoved
slight improvement, shares changing hands varying be tween $19.35 nad $20. I think there are further buyers at the latter rate.
at
STAR FERRIES eased off slight- ly after sales had been concluded 1 and $72. I think buyers would be found at the former figure and sellers at $79.
1
. CHINA LIGHTS improved again during the week, and sales were put through from $14.40 to 815.60. They closed with sellers at $15.50 and buyers offering $15.40.
•
HONG KONG ELECTRICS were handed in fairly large parcela, last week at 807 to 807.23, but were rather neglected on Saturday, when I understand shares could be bought at 867.
CEMENTS improved during the week, and a fairly large business was concluded at rates varying from $12.35 to $14.
*
+
*
12.30 to 1.30 p.m.-Demonstration Added to programme, (Chinese and Euro-
pean records). For use Radio Dealers.
Every step will be taken to fur. aish as full and informative a reply as possible; but this is done on the clear understanding that no respon. sibility whatever is thereby adult., and Eg. Saksi 15.08. mitted by the writer."
Another report states: There has been some enquiry for white shirt XX. (MANILA-I agree withings as local stocks, in the case of you that Nos. 2 and 3 might be the better grade Lancashire cloths, disposed of at profitable rates at present, as I feel sure that shares are low, but owing to the exchange can be picked up again later at position, replacing costs are ton- slower gure. Regarding No. 1siderably above local prices. Market the stock is a favourite with the prices hero are advancing slowly Chinese here, and I should not and new business is not likely, until bo surprised to see it go very the present difference is bridged. much higher next year, If you should decide to sell now I would The demand for Blacks is very slow urge you to get in again should and Japanese cargo is rather de-
pressed. the rate recede to any great extent. Nos. 4 and 5 are very
There is no new business to re-small. sound stocks, but I fear are not very good in the matter of port. Bradford prices are consider-smaller output gutes will be the capital, appreciation No. is ably easier, but owing to the drop rule for the remainder of the cur good; a small rise will give you in exchange present quotations are rent year. The future outlook, a prost, and I think shares will still higher than the last paid therefore, is better than the pre- go up slightly. I have no parti- prices. Local prices for pure woollen sent seems to have in store, bu so many disap cular stock in mind which I can goods have advanced and there is there have been recommend at present, but if you some improvement in other direc. pointments that the diaposition is write again during the next week tions. Clearances have been fairly to see the actual realisation before or so, I may be able to recom- good and some effort is being made beleving. One expert opinion that mend one of our industrial stocks, to take up old lots. Several recent may be noted is that it is cal which I think will go up if there failures have thrown quantities ofculated next year should see one of ia no manipulation in the local bankrupt stocks on the market and those recurrent phases in market.
*
TINGHIST-By all means sell at the highest rate you ena obtain,
Woollens.
Outputs for 1930 cannot be in- creased in any appreciable degree through new areas coming into bearing, because such areas
General opinion is that
the in-
the presence of these lots, bas tend-dustry when consumption will ex-
oned production if world's require cd to upset values.
ments expand normally. It is quite possible.
Cotton Yar
14 I see no reason for recom- During the fortnight under review mending you to hold on. The nu sales have been put through, due present rise is not justified at to the heavy decline in rupees ex-
[Daily Share Quotations will be
1.43. Weather report.
of the
of
3 to 7 p.m. (Subject to Alters- tion). English programme "Columbia' records, supplied by Messrs, Anderson Music Co.
This Year of Grace" Selection, London Pavilion Orchestra. "Liebeskeid "
and" Zapateado," Violin Solo, Efrem Zimbalist
and
Devil-Bay-Not-Care
Family Secrets," Billy Ben- matt.
Aida" Selection. New Quem's
Hall Light Orchestra." They Call Me Mimi" and "Ozo · Fine Day Duris Vane, So prono.
"Vocal Gems," Roes and Schubert,
arr. Clutsam.
"To Wander," "The Organ Man," "I Am Not Angry," "Song of the Blacksmith," "Laughing
"Tartarus
J
and Weeping,'
"The Erl King" and "Henry the Fowler," Sir George Hans- chel, Baritone.
Trio in "C" and "A Bright Morning on the Alps," L. Vin Beethoven, Hoist.
all, and is entirely due to speeu-change, which rendered business in- found on page 2 of this isatie Ship o Mine" and "Glorious
lation. I should be very sur practicable.
prised if the company announcea Nominal quotations are as fol- a dividend.
lows:-No. 10s at $175 to $105, No. 12s at 8185 to 8205, No. 363 at $205 A.B.C.—1, and 2-Appreciation into 6210, No. 20s at 8210 to 2920.
the cash rate is very likely to take place. 3.-There is nothing in this stock, 4, and 6.—I would not care to buy these stooks for December or January, and if I bád shares, would sell at present rates. The price is now very low, and I don't anticipate a further drop.
REDUCTION OF CAPITAL.
FORMAL DECISION OF JOE COMPANY.
Mr. J. P. Warren 'presided over the meeting of shareholders of the Hong Kong and Canton Ice Manu- facturing Co., Ltd., held yesterday at the company's premises to re-
SEEKER (MANILA).-Your letter is very timely. In my opinion you need not wait until Chinese New Year, as the present quota tion on these stocks tempts me to advise you to sell your hold-ceive the report of the proceedings ings now...
DOGGO (FOOOHOW).-Get out at once. The rise is due entirely to speculation and not to any in- creased profits of the Company. There can be no dividend for long time yet. I am glad you mention the rate you paid for these shares, as I strongly recom. mend you to get out while you can do so without showing a loss..
of the extraordinary general meet- ing held on October 15, when a pro- posed reduction of the company's capital was approved.
The Chairman having explained that this meeting was necessary in order to confirm the resolution pass. ed at the earlicar meeting, said:
You will also remember that at the above mentioned meeting 1 ex- plained to you why your directors thought it essential to reduce the capital of the Company, and I do DEJECTED (CANTON)-No. 1, not think it necessary to deal fur- and 3.--All good "buys. You ther therewith, except to state that need not pay as much as $70.
at the meeting in question the $15.30, for the irst two, stocks, resolution approving the reduction as I am (if you so desire) put
of capital was unanimously passed you in touch with local brokers 48 an extraordinary resolution. who can obtain these shares at Under the Hong Kong Companies. 868.73 and 814.80 respectively. Ordinance, however, it is necessary Regarding No. 4, nothing further that such extraordinary resolution has transpired: shout the nego shall be confirmed by a majority of tiations, But, shares Are worth members entitled to vote as are pre- buying at present rates.
sent in person, or by proxy, and consequently this meeting has been convened for the purpose of enabling the extraordinary resolution, above referred to, to be confirmed as a special resolution.
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE)
Paris
RUGBY, NOV. 3.
123,63 4.87 31/32 34.845
*New York ...MAR
Brussels .Geneva
Amsterdam Milan.... Berlin Stockholm
Copenhagen
Oslo
DAIRY FARMS changed hands
Vienna Prague
at $29.
REPLIES TO READERS,
Readers who have written to me last week will find answers to their queries below,
"Kafan" will give advice or in- formation on any miller or quer- tros concerning the Hong Kong, Shanghai, or Singapors share mar ket. Readers desiring such, in-
Helsingfors Madrid
Lisbon Athens
Bucharest Rio Buenos Aires Bombay Shanghai
Hong Kong Yokohama Bilver (spoty..... Silver (forward)
23.176
12.001
93.128 20.40 18.168 18.200 18.206 34.79 164 11/16
34.323 109.95
370 818
5 51/04
40 5/10 1/5,13/16 2/2 7/8
1/1123/32 22 13/10
I accordingly beg to propose the confirmation as a special resolution of the said extraordinary resolu- | tion, namely:-
That the capital of the Com- pany be reduced from $400,000 divided into 40,000 shares of $10 ench to $200,000 divided into 40,000 shares of 85 each and that such reduction be effected by cancelling the capital which has been lost or is unpresented by available asset to the extent of 95 per share upon each of the 40,000 shares which have been issued and are now outstanding and by re- ducing the nominal amount of all tho shares in the Company's capital from $10 to 35 per share." Mr. Macfarlane second the pro- posal which was unanimously.adopt cd,"
Those present, in addition to the Chairman, were Mesers. Ho Kom Tong. R. E. Coxon, A. Stevenson, M. Hanuk (Becretary), M. Macfar Jane, H. W. Page, Chan Nei Pan, Chan Pun Ko, and Chan Tu Nam.
The Miser" and "I'll Be Taizk ing of You," Billy Bennett, Isle of Oahu and Waters of
Waikiki," Ferer.
7.48 p.m.-Evening weather re- port.
p.m.-Chinese programme. 10.30 p.m.-Close down.
Devon," Haydn Wood and Thorpe Bates, Baritone.. "Tie A String Around" Your Fin- zer" and Marcenary Mary," Sears and Youmany, Fried- lander and Conrad.
Hones, I'm In Love With You"
I Am Thinking of You," Friedlander And Conrad, Irving Caesar and Louis Hirsch.
(Continued on preceding column).
DODWELL & CO., LTD.
NEW YORK BERTH.
FOR NEW YORK & BOSTON "vis SUEZ, M.V. "PENRITH CASTLE"
Sails on/or about 16th Nov.
LLOYD TRIESTINO.
REGULAR MONTHLY PASSENGER AND FREIGHT SERVICE for BRINDISI, VENICE AND TRIESTE (FIUME). TAKING CARGO ON THROUGH BILLS OF LADING - TO GENOA, ALL FTALIAN, ADRIATIC, LEVANT, BLACK BEA AND DANUBE PORTS.
REDUCED PASSAGE RATES. BRINDISI, VENICE & TRIESTE LONDON
F
NEXT SAILINGS.
£75.0.0. £83.0.0.
BOUTWARDS FOR SHANGHAI, YOKOHAMA,
·· KOBE AND MOJI.
KV. "HIMALAYA" MV. "VIMINALE "
From Hong Kong. Esils on/or about 26th Nov. Salla on/or about 5th Dec.
HOMEWARDS FOR BRINDISI, VENICE AND TRIESTE.
די
88. "BOSANDRA" MV, "ROMOLO”.
9.8.
VENEZIA '
MV, “HIMALAYA"
From Hong Kong. Sails on/or about 5th Nov. Baile for about 80th Nov. Sails on/or about 10th Deo." Sails on/or about 28th Dec.
NATAL LINE OF STEAMERS
FROM CALCUTTA & COLOMBO TO
AFRICAN PORTS
SOUTH
Begular Fanger and Cargo, Service to South African Ports, Through Bills of lading issued from Hong Kong.
For Freight or Passsgo on any of the above Lines, apply to
DODWELL & CO, LIMITED,
Agents.
Telephone: Centrs 1080,