10
Money and Markets
GOSSIP FROM THE SHARE MARKET.
"SLOWING DOWN """ BEFORE DECEMBER SETTLEMENT:
BUSINESS-RESTRICTED:
FREE ADVICE FOR INVESTORS.
[DY
“KUFAN."]
Gossip often moves the market, but no investor should either buy ur sell in market gossip only.
Another quiet market has to be
reported on the Rialto for the past week, and the amount of business put through has been very restrict- cd. Rates remained more or less the name throughout the week, except in the enec of a few stocks, and I do not anticipate any im provement until we have seen this year out or, to be more exact, until we have seen how the December Settlement pana out.
To-day is November Settlement Day, and my inquiries show that the settlement is not by any means heavy and should be well over within ordinary banking hours.
It is on the settlement for next month that all eyes are turned at the moment, and the opinion seem to be general that if the brokers successfully negotiate the December settlement without any hitch, then a period of prosperity on the local Rialto may be taken as a foregone conclusion. On the other hand, there may be a hitch, in which case the same super-cautious methods, as we have ocen during the dreary months following the 1095 crash may be back with us. Those who have dealings on the share market are well aware of this, and every where a general "slowing down" is visible, forward sales being by no means in excess of cash business for the present.
The position of Ewos is creating more than ordinary interest locally. and during the week shares were in demand only to fall back towards the close to Tls, 13.23.
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THE HONG KONG DAILY PRESS, TUESDAY, NOVEMBER 26, 1929.
I understand offering only Tis. 1523. I do not anticipate any improvement in this stock until the December Settlerent.
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REPLIES TO READERS,
METALS!
Maasra. Pentreath & Co. have forwarded us the following letter, dated October 10, from Messrs. Hornby, Hemelryk & Co., Liver pool:-
Coppar."
יד
Close yesterday :-Cash: £74.8.9, last week £74.0.0; Three months; £7.4.15.0, last week 274.8.9; New York: Dec. 17.00c., last week 17,730.
1'
| TERRITORIAL ARMY VANISHING.
MORE THAN 50,000 MEN BELOW STRENGTH.
INFANTRY HIT.
An alarming dump in the popu This market has shown greater larity of the Territorial Army activity-and-good-buying-of-cash among young men is exercising the and forward has latterly bean minds of the British military evident, up to £73.26 having been authorities. So difficult has recruit paid for three months.
ing become that certain units are in" danger of disappearing.
|
The authorised establishment of the Territorials i 153,300, a figure far below the pre-war strength, and the latest figure of the numbers serving is 181,500 rank and file and 8,000 officers. These, however, are not recent statistics, and are pro- bably far higher than the strength to-day.
The future course of values for Standard depends upon the policy of the American Producers regard- ing their selling price of Electro, and opinion is distinctly divided between the prospects of this being maintained at 18c. or reduced to 10. Potential needs would be en- couraged with greater confidence at the latter figure, and would prob- ably result in the curtailment of The Press department of the War Readers who are interested in
output instructions being rescinded. Office pleaded ignorance when press the local share-market are given an statistics, to be published shortly, the annual training, Appeals to On the other hand, Septembered for returns of numbers attending opportunity to ask any question probably show favourably with the star officers of the Territorial replies will appear in this paper sult of the strike at Chrome, even met by point-blank rofusils of in Felating to local conditions, andsocks of refined reduced as a re-department at the War Office were every Tuesday Questions of prac should deliveries not reach the formation. tice and custom, and prospects of totals expected, and this rather various stocks, etc., in Shanghai suggests little chance of a reduced and Singapore, can be also dealt
selling price with.
awhile.
Every effort will be made to give a full a reply as possible, but it writer is distinctly understood that the Les no responsibility whatever by so doing,
Letters must be addressed to "KUFAN," care of the Editor of
and address of the correspondent, this paper, and must bear the name It is desirable to include & nomme de plume, not for publication bat 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:
GORDON (Canton)I am afraid I cannot advise you to buy either of the stocks you have mentioned, and would advise you to look for something elee. The first-named stock will not appreciate at all. as the concern is losing heavily. The second stock, while not being so bad, is not one I would care to advise anybody to tie up If you would like to let me know how much you can invest, I can find some reliable stocks for you.
money in
*
I think.SHING-I am afraid you have am right in saying that quite a big number of Ewos will change hande
raissed the market, but I still on December Settlement Day local
think you can gain nothing by ly, nad the news from Shanghai
waiting and therefore would ad- regarding this stock generally in-
vise you to sell. The rumour fluences local quotations.
you have heard, if it concerns the paying of a dividend, is un- true. The present price is about $10, but unless you can wait a very long time, you had better get out.
HONG KONG BANKS-Although there are sellers at $1,50, buyers are difficult to find.
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UNIONS have declined a little during the work, and after sales were concluded at $260 sellers who were prepared to part with their shares at slightly under this rate appeared on the market.
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*
"WITARVES-Shares are wanted at 9147.50, but I think slightly more will have to be paid for shares, as a small demand has set in,
*
changed
PROVIDENTS Shares hands during the week at $3.20 and 35.10, and closed weak with fur- ther shares offering at the latter
rate.
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HONG KONG HOTELS changed hands at $10.60 to $10.75, but finish ed up with sellers at 810.25, and buyers only offering 810 for shares.
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*
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LANDS have come down slightly. Bayers are only now offering 864.75 for shares.
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*
HUMPHREYS-I have only heard of one small parcel changing hands at $14.00, but there are further; buyers at this figure if shares can be obtained.
HONG KONG TRAMS—A smail business was done in Trams at 919.25, and there are further buyer's at this rate.
STAR FERRIES bave buyers at $70.50 and sellers at $71.
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CHINA LIGHTS changed, hands during the week at lowering: rates from $16.45 to $16, closing with buyers at the latter rate.
4 +
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HONG KONG ELECTRICS had a slight: setback after shares had boca negotiated at #66 to 884.75, At the close of the week there were buyers at the intter figure,
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CEMENTS—A fair business was done in this stock during the week at 819.85, but the price gradually eased off to $12.30 and later to $12.25. They closed with buyers only offering $12, and sellers Baking
quarter more
費
*
DAIRY FARMS—A small parcal
of shares changed hands at $20.25, and there are further buyers at this price.
EWOS improved slightly during the week, and after shares had
16.10, the demand suddenly fell away and they closed weak, buyers,
י,
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CURIOS- would not be in
hurry to buy this stock, and would advise you to see how things stand after the December Settlement. I don't think shares. will go up between now and the Fettlement, so, that you will lose nothing by waiting. Frankly. I think your brokers are too op- timistic, and I don't think shares
will touch $20. Neither do I
think a dividend will be paid for 1929, but if one is declared it would be very small-too smal to make the shares jump much.
DEJECTED - 1.-It is doubtful whether they will pay the same dividend. Possibly it will be less this year. If you want to sell. I would advise you to get out at present prices to be on the ante side. 2-Unions. -No! 4- Advance in price is doubtful and I would not advice. you to buy. 3. Plenty of inquiries about, and I think the prospects of the Com- pany are quite good, but I do not think there will be a dividend. The shares may touch 814 or $15 in the ext six months or so, in which ease, sell.
...
VEGETARIAN COLONY.
AMID THE HILLS OF
SEVRES.
CULT OF LONG HAIR AND SANDALS.
[United Press.)
Paris.-The colony of a vegetarian
cult, based entirely on simplicity ut life, has just been discovered amidst the sloping hills'of Sevres, between Paris and Versailles.
All the colonists have long hair and wehr Grecian tunics, and sand-"' als. The men as well as the women de not smoke tobacco. They abtor principal occupation is the paint- the smell and taste of liquor. Their
other in Chicago. ing of silks for two large stores in America, one in New York and the
No Fanaticism.
M. Paul Hirzel, a naturalised Frenchman from Switzerland, heads the cult and has the longest hair
DODWELL & CO., LTD.
NEW YORK BERTH.
FOR NEW YORK & BOSTON via SUEZ.
LLOYD TRIESTINO.
REGULAR MONTHLY PASSENGER AND FREIGET SERVICE for BRINDISI, VENICE AND TRIESTE (FIUME).. TAKING 'CARGO ON THROUGH BILLS OF LADING. TO GENOA, ALL ITALIAN, ADRIATIC, LEVANT, BLACK SEA AND DANUBE PORTR.
£75.0.0. £83.0.0.
REDUCED PASSAGE RATES. BRINDISI. VENICE & TRIESTE LONDON
NEXT SAILINGS. OUTWARDS FOR SHANGHAI, YOKOHAMA KOBE AND MOJI.
M.V. "HIMALAYA " MY. "VIMINALETM
From Hong Kong, Sails on/or about 26th Nov. Sails on/or about 5th Dec..
From Hong Kong. Sails nalor about 30th Nov, Saila calor about 10th Dec,
Only 200 Men in Camp. At the various Territorial divi- materialising yol
sional beadquarters there is the Important shipments of rough same reluctance to disclose the Copper continue to flow
from truth, but
from other reliable of them all. He contends there is HOMEWARDS FOR BRINDISI. VENICE AND TRIESTE. traited Kingdom warehouses into sources the Sunday Express has no fanaticism about the group and the United States, and October been able to ascertain that, except that such issues as free-love and re- stocks may be expected to show among corps troops-the Artillerygion have nothing to do with the further heavy depletion
and Engineers-there is the great colony. They have merely gathered Our New York correspondents est difficulty in maintaining even at this spot, which they hare named export cabled last night that the good an 80 per cent. minimum of estab La Maison des Arts to lead the
simplest life possible. for Electriolitic lishment strength. Copper is expected to coutinue..
Tin.
demand
Close yesterday --Cash: £196,12.8, bat week $106.15.0'; Three months: 200.12.6, last week £200.15.0; New York: Dec. 43.53c.; last weck 43.80, March 44.25c., last week 44.833.
Further weakness has been dis
How far numbers are below this minimum strength cannot be stated because the officials will not give the figures,
Some of the infantry battalions are so under strength that not inore than 200 men attended the annual training. Such corps us the London Scottish and the H.A.C are still popular, but a nümber of other London units are dwindling almost to vanishing point.
battalions to
When asked in an interview if his purpose was to escape from life, | M. Hirzel_replied:-" Quite the contrary. We do not believe in trying to escape from life. Wo advocate living it fully, intensely, but usefully and naturally,
There is a rhythm in life which We try to catch. We try to put this rhythm in our shuttles as we weave our clothing, in our boys as we do our gardening. Our daily exercises are based on the rthym of life. It is simplicity that counts. The simplest means have always been the best."
Sun as Timepiece.
played, and values have been de pressed on free offerings of forward metal fairly persistently throughout the week so that £250 per ton has once
The reason for this is partly the more been broken for policy of reducing the annual train- three months.
... The tone was, howing grant, thus making it more ever, good at the close yesterday, difficult among what may be called with apparently substantial buying the working man power at eco, and the Group has provide an attractive programm again been prominent in support. for the annual training. Many of thy headquarters of the infantry attalions in the poorer districts are far from being attractive social centres such as are enjoyed by some of the crack corps.
Some report of progress is ex- pected to be issued shortly by the Tia Producers Association and je booked for with interest. Mean- time, the good September statistics have been discounted by expecta tions of Straits shipments during October amounting to clcee upon 10,000 tens, but there is no reason to suppose that deliveries will show much decline on the recent good rates,
United Kingdom stocks contine to increase, but doubtless the bulk is held in powerful hands.
Our New York correspondents cabled last night that Wall Street is reported to be buying and that the trade is selling. The under tone, is stendier:
COPPER TRADE INTEREST INCREASING.
|| Messre, Pentreath & Co. also in form is that they received yester Hornby, Hemelryk & Co., Liver day the following telegram from
pool:~~
Territorial associations in some counties, are well supplied with funda from their supporters, but in others they are badly off financially. This is the case especially in Essex.
SEQUEL TO RECENT N.Y.
CRASH.
INVESTIGATION ASKED FOR.
Washington, Nov. 10-Senator Tom Heflin of Alabama, at a night session of the Senate introduced a resolution calling for investigation of the New York Stock Exchange.
It would be undertaken by the sub-committee now conducting an investigation of lobbyists' activities the inquiry would be to report on in Washington. The purpose of
remedial legislation, possibly plac Our New York friends say wouing the Exchange under govern cerning Copper Trade interest ment observation or control. increasing.
Authority would be granted to the sub-committee to subpiena books and accounts in order that" the investigation might have fuil scope.-United Pres
[Daily Share Quotations will be found on page of this issue.]
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TO-DAY'S WIRELESS
PROGRAMME.
BROADCAST BY Z.B.W. ON
355 METRES...
میر
11 to 11.30 a.m.-Commercial news. 12.30 to 1.30 p.m.-Demonstration
programme.
1.43 p.m.-Weather report.
3 to 7 p.m.-Programme of Colum- bia records supplied by Messrs. Anderson.
FIERLESS There seems to be
very remote chance of your hold: inge improving. I would sell and wait for an opportunity during January/February, when there" should be some good things in the market if all goes well in December,
EXCHANGE RATES.
[BRITISH WILLKER HERVICE]
RUGBY, Nov. 24.
Paris New York Geneva Amsterdam
Vienna Prague Helsingfors
it
On With The Show, 1099," Selec- tion, Part 1 and 2, Debroy Somers Band,
Pierrot At The Dance" (Lockton and Drummond) and "A Song of Long Ago" (D. Farbor and A. E. Adams), Master Trevor Schofield.
Lionel Monckton, Memories," Part 1 and 2 (Lionel Morektos), Columbia Light Opera Com- pany. with Orchestra, "Hungarian Dance in A Minor" and "Hungarian Dance in D" (Brahms, arr. Robinson), J. H Squire, Celeste Oetet. (a) Waltz in A Flat (Brahms), (Mendele- (b) Spring Song sohn)
and "Liebestraume" (Llezt), Pianoforte Solo by William Murdoch. “Vienne Maidens, Waltz
123.86.
4.878
20.121
12.08
Milan Berlin Stockholm Oslo.
93.14
20.38
18.14
:18.20)
Copenhagen
18.20
34.87
104A
193
23.97
1081
375
810.
⚫ 25/32
40 7/32
1/52 2/24 3/8
Silver (spot) ...... Silver (forward)"
Chorus with Orchestra:
22 15/16
Madrid Lisbon. Athens Bucharest Rio Buenos Aires Bombay:
Shanghai... Hong Kong
(Wiener
Madi'n) and "Nights of Frag rance(In Lauschiger Nacht), New Concert Orchestra, "I Know of Two. Bright Eyes" (C. H. Clutsam) and "Meet Me By Moonlight" (arr. J. Batten), Dennis Noble and Norman Allin.
"The Bohemian Girl-Vocal Gems,
Part
.1." (Baife), Miriam
Tine is told by looking at the sun. There are no clocks in the colony.
When the sun goes down, the peo- ple go to bed. When the sun rises, they get up. In winter they sleep much longer than in summer be- cause they believe more sleep is needed during the cold months.
The servant problem "never bo- thers them, for they have none. Each person docs his own cooking, sewing and carpentry. The women ean build a fence as well as the men. The men can patch up the back of a tunic as well as the wo тел. Self-shfficiency is part of their belief.
The colours with which they paint silks are squeezed from plants. Ac cording to M. Hirzel. this gives the colours a more natural effect and imparts a delicacy of asture which manufactured paints can not give. He says the designs they make are "dances of life."
MAURETANIA'S RELIC VALUE.
U.S. SYNDICATE TO BUY MEMENTOES.
At the age of 22 Britain's fastest liner, the Mauretania, bas attained relic value.
A syndicate of American finan- ciers has been formed to purchase all the decorative woodwork in this ship, delivery not to be taken, of course, until the ship is broken úp, which, it is hoped, may be many years hence.
"The Bohemian Girl-Vocal Gems, Part 9" (Beile), Dennis Noble, Harry Brindle and Chorus with Orchestra, "Oh Kay-Voca! Gems" (Ger-
shwim and Gershwin) (Intro- Generations of travellers have ducing: Oh Kay! Maybe; Do-admired the lofty lounge, panelled Do-Do; Someone to watch over with polished mahogany, the pil- me; Clap Yo' Hands), Columbia lars fluted with gold. Light Opera Company, "Girl
The library, lined in gleaming Friend"-Sélection (R. woods, walnut and satinwood and Rodgers) (Introducing: Girl rosewood-the very names are "a Friend; Blus Room; Mountain litany of beautiful woods-is s Greenery), Pianoforte Solo by stately room that would adora a Billy Mayerl.
great palace; and the dining- "On Wings of Soug" (Mende's room, all in unpolished and hand-
sohn, arr. Sear) and "Ave carved" oak, would make Marin (Bach Gounod, arbaronial castle distinguished. Sear), J., H. Squire, Celeste Octet..
"Carmen-The Toreador Song
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Where Are Our Men?
алу
8.S.
M.V. "ROMOLO”. VANEZIA'" M.V. "HIMALAYA”
Sails an/or about 28th Dec.
NATAL LINE OF STEAMERS
FROM
CALCUTTA & COLOMBO TO SOUTH AFRICAN PORTS
Regular Paasonger and Cargo Service to South African Ports. Through Bule of Lading issued from Hong Kong.
For Freight or Passage on any of the above Linas, apply to ----
DODWELL & CO, LIMITED.
Telephone: Central 1030,
H.A
Agenta.
Hamburg-Amerika Linie,
COMBINED FREIGHT AND PASSENGER SERVICE, CABIN CLASS ACCOMMODAZIOŃ FOR 30 PASBENGERS. FARE FROM HONG KONG TO GENOA-£70.01. 0d,
DUTWARD.
Sailings from Europe for S'hai, Japan & Northern Ports:-
5.8. "OLDENBURG " M.V. "HAVELLAND' M.V."ERMLAND".
M.V." BURGENLAND" 8.5. "ALBERT VOEGLER" M.V. "VOTGLAND' HOMEWARD.
$5.8. "AMMON”
8.S. "OLDENBURG"
dus kare on or about the 4th Dec. due here on or about the 16th Dec. dns here on or abort the 18th Dec.
- 1930 đúc here au or shout the 9th Jan. dus hers on or about the 25th Jan. due here on or about the 8th Feb.
Sailings for Genoa, Botterdam and Hamburg via Manila, Singapore, Colombo & Port Said :—- *8.8. "SAARLAND" sailing from here on or about the 10th Dec. sailing from here on or about the 24th Dec,
1980 sailing from here on or about the 11th Jan, M.V. "EAVELLAND”..... Hailing from here on or about the 28th Jan. M.V. "ERMLAND ***
ailing from here on or about the 11th Feb. Calling also at Amsterdam. Calling also at Alicante.
8.S. "SAARLAND" Calling at Coba instead of at Manila.
For Freight, Fanange and further Particulara, pleses apply to
JEBSEN & CO.
12, Fedder Street.
81]
PASSENGERS..
Arrivals.
Tel. U. 4754.
Hausmas, Mrs. F. Lee, Rev. L Ramirez, Miss C. Schultz, Mrs. S.-
de Sanchez, Mrs. Tung Peng Yu. For Vancouver Mr. A. Cleve land, Mr. G. A. Dawson, Miss E.
The American millionaires pro- (Bizet), Harold Williams and
The following passengers arrived the B.B.C. Chorus with Orch. pose to have these beautiful things here by the Ba. President McKinley Tannhauser-O Star of Eve" re-erected in a New York yachting from Manila:-Mr. Arthur Hogan, Fairbairn, Mr. and Mrs. J. M. (Wagner), Harold Williams club, where it will be an added Mrs S. M. Thompson, Miss A. M. Fairbairn, Mr. and Mrs. D. C.
thrill to lunch in the Mauretania Thompson.
Henny, Mrs Kirkland, Mr. J. H. with Orchestra, Baritone. "That's My Fascination " and dining hall or to read in comfort
The following passengers arrived Larmonth, Mr. and Mrs W. W. "Get Up Nice and Early" in the Mauretania lounge.
by the ss. Fushimi Maru yester Marquardt, Mrs. I. H. Smith, Mr. (Leslie Sarony), Leslie Sarony One wonders why no English mil-day-Mr. Miguel. Azcona, Mrs. T. C. Ulbricht, Mr. P. D. Decano, lionaires have come forward to save Librada 31. Azcona, Mr. Jose Mr. J. A. Urquico, and Mr. M..A. with Orchestra, Comedian, Follow Through-Selection, Part these things of beauty for the Azcona, Miss Maria A. Azcona, Mr. Vega.
The following passengers arrived country. The truth seems to be Arthur C. Beck, Miss Beatrice A. 1 and 2" (de Sylva, Brown and
from Shanghai yesterday by the Henderson), The Piccadilly that Americans are prouder of this Bliss. "Players.
fast and beautiful ship than aven The following passengers arrived 6.5. Sarpedon:-Mr. J. B. Bagtas, by the R.M.S. Empress of Russia, Mrs. Bagtas, Mrs. A. Cartlidge "The Pirates of Penzance-Vocal we are.
This is particularly so among from Manila: -For Hong Kong: Mr. S. S. Cook, Mrs. Cotte, Bir. Gems, Part 1 and 9" (Gilbert and Sullivan), Columbia Light Scandinavians from the Middle Mr. L. Bergheimer, Mr. T. Brown, C. P. Castic, Mrs. Castle, Mr. E.. Opera Company and Oreh, West who went out, many of them Mr. and Mrs. C. M. Hall, Mr. PO Drake, Mr. A. Doledo, Miss "Am I Blue and Birminghai as immigrants, in the Mauretania Schweb, Mrs, E. H. Thomson, MissFletcher, Mr. R. A. Felton, Mr. Bertha" (Akst and Clarke) 20 years ago. They come back now A. Wordie, Mrs. Fung Mew YongS: Howard, Mrs. J. M. Knox And Mr. Leung You, Mrs. (Theme Song from "On with as saloon passengers, proudly show and two children, Mrs. M. Gonzalez infaat, the Show"), Ethel Waters with ing their children over the ship and two children, Misa C. Jagger, Leung Yeu, Mr. L. B, Lewis, Mr. Orchestra, Comedienne.
that holds so dear, & place in their Misa M. Lavidia, Mr. Li Hin Iu, Lewis, Mr. M. Monosa, Mr. is Li Yuck Fong, Master Li Ah Prideax, Mrs Prideax, Mr. T. Waltz Medley, Part 1 and 2"memories and. associations.
(arr. Debroy Somers), Debroy They speak of the Mauretania as Young, Mr. Lee Ab Kui, Mr. Wong Reyes, Mr. E. S. Stewart, Mr. Somers Band.
an old shellback would of the Outty Wah, Mr. Yu Tam, Mr. M. Zamera, Soong Sze Chuan, Mrs. Taylor, Sark To them she is a living and Master Zumera. For Shanghai: Mr. Taiang Chai Tung, Mr. Chung I friendly thing, as well as things
sta of beauty.
Lisette Francis, Avelland Larios xeother, report,
0 p.m.-Chiness programme, 10.30 p.m.-Close down,
(Continued on next Column.)
land, Mrs. R. A. Gilmore, Miss A. Woods.
Q