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BONG KONG WEEKLY PRESS, January la dung, 1929,
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WITH INDEX, Price-$7.50. On Balo at the Hong Kong DAILY -Pause-ORFICE.
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THE HONG KONG DAILY PRESS, TUESDAY, NOVEMBER 19. 1929.
Money and Markets
- GOSSIP FROM THE SHARE - MARKET.
EWO FLUCTUATIONS AROUSE INTEREST.
FREE ADVICE FOR INVESTORS.
BY KUFAN."]
Goàsip often moves the market, CEMENTS had what might be bug un investor should either buy | described as a "uasty" drop early or sell on market gossip only. in the week, but after shares had The Movement in the price of Ewos been transacted at 811.75 and $12 for cash, a small demand set in and during the last week have led to the price recovered somewhat, sales large amount of business being being reported at $12.70; later I done, and what would otherwise understand quite a few shares were taken off the market at $12.73 and have been a dull week was trans- $12.83. formed by the interest shown in Ewos into a very lively period.
At the beginning of the week, Ewos began to slide alarmingly, and touched as low a figure as Tis. 14.50 for cash. Then a number of buyers appeared in the market and rates quickly went up to well over TIs. 15, the market closing with a very uncertain undertone.
DAIRY FARMS are wanted at: $20.76.
REPLIES TO READERS,
Readers who are interested in the local share market are given an op- pertunity to ask any question re- lating to the local market and re-
RAUB MINING CO. HONG KONG TRADE.
REPORT FOR OCTOBER.
The following is the General Manager's report of the mining operations, for the four weeks end ing October 10:-
"
DEVELOPMENT-Fot the period devolopment work is a total of 933} feet, as follows:-
Sinking Driving
Crosscutting..........
Total
PIECE GOODS BUSINESS
STILL DULL.
The following information ap. pears in the fortnightly report of the Hong Kong General Chamber of Commerce -
Cotton Pisca. Goods and Fausy Cotton Goods.
114
710
1204
The following "reports have been received:-
9331
The tonnage mined and treated for the period totals 2,195 tons, the average yield per ton of fine gold, being 138 dwts, giving a satisfac tory prot
Development work gave satisfac. tory results, in the working stopes, and maintenance of reserves.
The Cyanide plant treated 500 tond of low grade concentrates, a satisfactory proft being shown.
BUKIT KOMAS AREA.-From this area the tonnage mined and crush ed totals 958 tons, and development eqmpleted in 441 feet.
140 ft. Level-The east crosscut, driven 8 ft., ore 2 it wide low values. Driven north 9 ft. on ore
value low.
410 ft. Level-South drive ex-
Local Market conditions are un changed, and there is nothing of importance to report. Lanenshire cesta are slightly easier in ¡ym2 pathy with lower value of raw material. id. Am. Cotton "Spet" was quoted 0.39d. in Liverpool an the 14th inetant and Eg. Sakel, 15.00d.
Another report "strites:-
There is nothing new to report. The serious increase in the cost of imported goods, brought about by the low exchange, is proving a al barrier to new business, and though stocks of White Shirtings Are reported to be low, there is no indication of fresh orders being placed Local prices have been little easier and the demand for Blacks remains very poor
Woollens.
TO-DAY'S WIRELESS
PROGRAMME.
BROADCAST BY ZB.W..ON
360 METRES.
to 1,00 a.m.-Cominercial News." 19.30 to 1.20 p.m.-Demonstration
programine. 1.4$ p.m.--Weather report,
to 7 pm. Programme of Victor and H.M.V records supplied by Messie, Moutrie-&-Co Trovatore," Selection, Creatore's
Baod
"What Is
-
Done"
and "No- turne," Winnie Melville und Derek Oldham..
"The Arcadians-Vora: Gema" and
"Veronique Voen'
Gems," Light Opera Company. Lolly Pops" and The Clock and The Banjo," Harry F. Reser, Banjo Solo,
Overture" PA 14 (The Rus- sian Festival of High Easter). Leopold Stokowski, Philadel- phia Orchestra.
If Might Only Come To You" and Mary, My Mary," Derek Oldham, Tenor,
Pagliacci." Selection, Creatore's
Band
Little Pal" and Why Can't
You," Gracie Fields,
In The Heart Of The Sunset "' and "Forever," Reginald Foort, Organ Solo.
I think, a the whole, Ewos wiiplies will appear in this paper tended 7 ft. ore 3 ft., wide, value reported to have been done in When You're Away" and "One
340 ft. Level.-North drive ex-
not go down much further, but the fnet that they did go below Tls. 13 last week shows there are many sellers about, had it is dificult to make a forecast. Much depends on Shanghai, but I understand frog X
Every effort will be made to give reliable source that the anxiety rxisting in Hong Kong over the as full a reply as possible, but it November and December Settles distinctly understood that the ments is quite celipard by that in
writer assumes no responsibility Shanghai, where the position of the whatever by so doing. yarn market, is being very closely and anxiously studied.
tice and custom, and prospects of
Tuesday. Questions of prac 10 dwts. every various stock, etc...not only in the Hong Kong market, but also in. Shanghai and Singapore, can be dealt with.
The gloomy news in Chinese political quarters, of course, will not help to push up the price of Evos or any other stock, and the erratie prics and fluctuations dur- ag the week have put off many prospective buyers for the time being. Although Ewos were very much stendier on Saturday. I can- nt say that a further decline will surprise me, though at the moment it seems the shares
TELY move either way.
Brokers, I think, must look upon Interport cricket with an unfriend- iy eye, as it has resulted in a re- laxation of business all round, and there was little to report in local stocks during the first few days of last week. With no further counter-attractions this week (I don't know it brokers will go mad" over the Interpore tennis), I expect things will, brighten up a bit again.
HONG KONG BANKS have been rather neglected even at 81,355.
UNDERWRITERS-After a few shares had changed hands at 82.35, the demand sagged slightly and at the close of the week shares could
He obtained at $2.25. Busers, how ever, are holding off and are only offering 82.
*
UNIONS have also declined, and 1 bear a few shares were negotiated BL 8360: further shares can be
Letters must be addressed to "KUFAN," care of the Editor of this paper, and must bear the name and address of the correspondent. t is desirable to include a nomme de plume, not for publication but simply to enable the correspondent easily to identify the reply intend-
ed for him.
Those who have written in last week will find answers to their queries below.
ANXIOUS.-There is, no need to be worried over the falling-price of Four stock. Since you do not show a lots, be thankful, I ad- vise you to hold on a little longer, as a sudden recovery is more than likely. The probability of the shares going below the figure you mentioned is very small.
NINETY-NINE-I would ant
Some small repeat business is Sultings for February shipment, bat it is doubtful, whether the tended 9 ft. Rise up 9 ft. ore à ft. orders were based on current ex change rates. Clearances of all wide, value 30 dwts..
classes of winter cargo continue to be fairly satisfactory, although the tended 10 ft. in low grade ore, dealers claim that they are making
a loss on certain lince. value 4's duta.
Cotton Yarn.
Gio ft. Level-North drive ex
740 ft. Level.-Crosscat in 13 ft. stoping ore 2 ft. wide, value 20 dwte.
940 ft. Level-Driven south from old stope in low grade ore a dis. tance of 3 feet.
BUKIT KOMAN NORTH.-120 ft. Driven 4 ft or small level. value 13 dwts. 70 ft. level are
ft. 14 dwts.
SHALLOW WORKINGS. Develop ment 2521 ft, lodes 2 ft. value 5 dwts.
ANDERSON AND STOPE AREA.-The tonnage mined and treated totals 501. tons, and development con pleted 160 ft.
160 ft Level-Stopping ore 3 ft. value 6 dwie, Drives from rizo a ft.
200,ft. Level-Stoping ore 4 ft. wide value 30 dwts, No. 1 Winze sunk 9 ft. total depth 1 ft. No. Winze sunk 10 Ft, total 18 ft. ore from winzes averages 21 dwis, per kon recovery. Shallow workings beverage 4 dwts. Development 131
-in a hurry to get into this Com- pany, as although prospects are very bright, I don't like the way the price of this stock has been fuetRating. Until they steady up a bit, my advice is to look cut for something steadier, if you must invest your money before Christ-
nas. Why not wait though?
OPAL-I understand that steps are being taken to prevent the "crush" in December, of which you speak. No doubt your brok- er, if he is any gooël at all, will tell you all about it
joltained—at this rate for the SUNG-What grounds have you
present.
WHARVES-There were a few inquiries for this stock, and at the cluse buyers were out to get shures at 8117.30 but with no sellers in evidence.
*
PROVIDENTS are weak, with sellers at 83.20.
HOTELS were sold during the week at $11, and then at 10.80. The demand for this stock is weak- ening, and prices were not muin- tained last week. At the end buy? ers were only offering round about 910.00, with no sellers forthcoming.
*
*
HONG KONG LANDS have buy- ers at 203.50 and sellers at 806.
*
*
+
HONG KONG REALTIES- There does not seem to be any in- quiry for this stock, and I under- atand there are sellers at 89, but no business has been reported.
*
*
HUMPHREYS—A ́small business In these shares, was done, and 814.50 is being offered for further shares. Sellers are asking 10 cents over this
· rate.
HONG KONG TRAMS are on theasy side at the anoment, with sellers at 818.50, but buyers at only offering 819.25..
small
STAR FERRIES A amount of busiziers was transscted n: 871, and I understand there are etill buyers in the market at this figure.
•
CHINA LIGHTS have alab |cated" slightly, "after" gates bad been put through at 810.50 and 816. There were buyers on Butarday at the latter figure, but I think a little more than that will have to be paid
HONG
KONG ELECTRICS changed hands at 806, and closed with-sellers-at-thie-rate-
So
|
No business to report Nomical quotations" are as follows:--No, 10s. $173-190: No. 123. $150-200: No. 16s. $900-10; No. 209, 8216-920.
[Daily Share Quoiations will be
found on page 9 of this issue.)
Halifax.--The French cruiser Primaguet, at Halifax, Nova Scotia, represented France at the unveiling of n memorial to the 2,000 dead left behind after the d'Anville expedi- tion in 1748.
Sochi.-An aeroplane owned by | the Ukrainian Airways Company fell into the sea near Sochi, Georgia, three passengers being killed. "in- cluding Fabrizius, the assistant com. mander of the Caucasian Army,
Deauville.-M. Henriquet, who was seriously injured in a level crossing accident there, has died LILECENE SHAFT. This has been in hospital. It is reported that Mr. sunk a further 30 ft., and is now Stirling, who is suffering from head 41 ft. below the 200 ft. level, Tinwounds, has been moved to hering, ladderway, being put in.ing home from Trouville Hospital.
nurs
and new compressor, winch, and rock drills all working satisfac- torily.
It,
DERRICK SILAFT AREA,The are mined and erushed from this area,
320 feet. totals 720 tone, and development to
200 ft. Level.-Driven 17 ft. win- zing 51 ft. ore averages o' dwts. Air shaft north drive advanced ft. ore 7 dwts. East lode shaft ore ft: value 'dwts. Shallow work- ing development 300 ft, averagi value of ore 41 dwts.
CONSTRUCTION-Erection of com- for objecting to the transfer in-
pressor,, cooling tanks, pumps at to your creditor's name! long as you hold the proper pa ton ore tracks made, additional Lilburne shaft completed. 6 one pers, and so long as the Berip steel aluice made for dredge, grizz. hears the same share numbers ley bars made, and erected at bat- when they are re-delivered to you, tery, new Ore Breaker erected; I can sec no ground for your liners for battery, and dies cast, "kick." You will agree that your tube mill liners, and general cast- creditors are entitled to protect
themselves in the matters of divi-ings for plant completed.
CYANIDE PLANT,500 tons of low dends, etc. Moreover, if it is grade concentrates treated for a any comfort to you, most banka yield of 96'75 ozs. of gold bullion, adopt this procedure whenever giving a satisfactory profit. there is an overdraft. I think you must pay the transfer charges.
CURIOS-Yes, the receipts of this
Company must have been enorm-. ous, and I am sure rates will go, up very much more. When the fever for this stock starts, it will probably be very sudden.
EXCHANGE RATES.
(BRITISH WIRELESS SERVICE)
Paria New York Brussels Geneva
Amsterdam
Milan Berlin -Stockholm
Copenhagen
Oslo ... Vienna
-Prague
Hellingfors Madrid Lisbon Athens
Buchares Rio...
Buenos Aire Bombay Shaka Hong Kong
DREDGE, 4,200 yards treated, for 32'00 ozs. of gold bullion, yielding a profit. Heavy stones, timber, out a new position fore working. ete, give trouble, and now cutting
BATTERY TONNAGE, 40 Stamps worked for 7 days.
Tone.
958
Bukit Koman Area Anderson Stopa Area.. 301- Derrick Area
Total
Amalgam.-3,819 021.
Alone," Richard Crooks, Tenor. "Two American Sketches" and' Song Of The Bayon," Victor Concert Orchestra and Victor Salon Group.
"Lonesome Road
(The Show Boat)" and "Little Pal," Paul Robeson, Bass,
"The Singing Fool" Selection, De
Groot and his Orchestra. Little By Little" and "Every Day Away From You," Johnny Marvin,
Honolulu Sweetheart of Mine" and "Along Miami Shore," Hilo Hawaiian Orchestra. "The Smuggler's
Song"
and
Boota. Peter Dayson, Bass Baritone. La Traviata-Drinking Song and
Gypsy
Chorus "
and "La Traviata-Prelude- Act
III.," Creatore's Band. Old Time Songs.". Jack Hylton
and his Orchestra.
a p.m.-Chinese programme! 7.49 p.n. Evening weather report. 10.30 p.in.-Close down.
Genera. With the sending by Honduras of a delegate to the League of Nations Assembly the number of Latin-American States represented this year will be 15 out of the 10 which are members of the Longue. Only Argentina will be un- represented. This is the largest re- presentation of Latin-America at any League Assembly.
DODWELL & CO., LTD.
NEW YORK BERTH.
FOR NEW YORK & BOSTON via SUEZ,
LLOYD TRIESTINO.
REGULAR MONTHLY PASSENGER AND FREIGHT SERVICE for BRINDISI, VENICE AND TRIESTE (FIUME), TAKING CARGO ON THEOUGH BILLS OF LADING TO GENOA, ALL ITALIAN, ADRIATIC, LEVANT, BLACK SEA- AND DANUBE PORTS
REDUCED PASSAGE RATES,
BRINDISI, VENICE & TRIESTE LONDON
***
A
£75.0.0. £83.0.0.
NEXT · SAILINGS.
OUTWARDS FOR SHANGHAI YOKOHAMA.
KOBE AND MOJI..
From Hong Kong. Fails onjor about 20th Nov. Baile enjor about 5th Dec,
HOMEWARDS FOR BRINDISI, VENICE AND TRIESTE.
8.8. VENEZIA"
2,155
SMELTED GOLD.
M.V." HIMALAYA".. M.V, "VIMINALE”
Ruany, Nov. 17.
123,86
Battery Cyanide Plant Dredge
Ourices.. 1,888.10 86.75 32.60
4.87 13/18
M.V. "ROMOLO“.
34.875
Total
1,804.45
23.155
M.VHIMALAŸA”..
12.00
93,18
20.395
-18-18-7 18.205 .18.205 34.695 164) 194 34.825 108.95 375 810
Holiday
Yokohama Silver (spot) Silver-forward)--};
461 1/5 27/32
Hot 2/03/32 22.0/10
~~92-13/16-
SERVICE TO' READERS.
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they will receive the utmost amint anco and the latest available infor mation on all subjects' of enquiry will be placed at their di sosal.
From Hong Kong.
Baile an/or about 30th Nov. Bails on/or about 10th Dec, /Bails on for about 28th Des.
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Aguaith....