Money and Markets.
GOSSIP FROM THE SHARE-MARKET.
LOCAL RATES CONTINUE TO IMPROVE: PLENTY
OF CASH AVAILABLE.
FREE ADVICE FOR INVESTORS.
[BY 'KUFAN,”]
Gossip often moves the market, but no investor should either, buy ur sell on 'market gossip only.
The share-market has been full of life during the past week, and the volume of business negotiated has been on a fairly large scale.
Interest
concentrated on
was
THE HONG KONG DAILY PRESS, TUESDAY, MARCH
EWOS changed hands early inj the week at Tis. 15.60 to Tls. 18.05, but as soon as the news from the North looked more hopeful the shares improved and prices up to Tla. 15.85 were paid. They closed with buyers offering Ts. 15.75 for
shares.
UNDERWRITERS - This atosk
Exos, Hotels, and Trams, a large has weakened owing to the impend. business being done in the lasting call of $1 per share. They are named stock towards the close of now quoted at $1.30, at which rate
there are sellers in the market.
the week,
Rates on the whole have been
fairly well maintained, and in a few cases showed a distinct im provement, which goes to show that there is plenty of loose money available for investment in the Colony. I expect the rates on gilt edged securities to appreciate con siderably in the near future, as with the slump in silver and the absence of export trade, more and more money will be kept back for purely local enterprises. Already the property-market is attracting the larger investors, and who knows but that the attention of landed proprietors " may not soon be diverted to the potentialitics of the share-market?
The Shanghai market continues to interest the local public, and during the week quotations on Ewos and other Shanghai stocks were closely followed. Opinion seems divided however, as to the possibility of another boon" in Ewos very soon.
HONG KONG BANKS After the dividend was paid these shares improved again, and although sales were negotiated at $1,343 to $1,350 they closed with buyers offering 81,370 and sellers asking $1,375.
*
UNIONS This stock took a big jump. Early in the week they were fetching $385, but on Satur day shares changed hands at as high as $400 -
STEAMBOATS-In spite of the uncertainty of the future and the, split" at the recent annual meet- ing, there appear to be many buyers in the market, and shares are wanted at $24.50 ex dividend. -
WHARVES-This stock continues to be firm. Small parcels changed hands at 2159 and 8162.50, and business closed with buyers in the market at the latter rate.
RAUBS On the strength of an- other dividend this stock has im proved, and I understand there are huyers at $16.50, without any shares. coming out. This stock has been steadily climbing since August last, and holders perhaps feel that they will go higher-aˆperfectly logical conclusion!
HOTELS-A considerable busi ness was done in this stock at various rates ranging from $12,50 to 13.10. The shares had a slight setback during the middle of the week, but at the close recovered, buyers offering $13 for shares ön Saturday.
•
HONG KONG LANDS-Buyers are offering 804 without attracting sellers, although during the week it was reported that several hundred shares had changed hands at that. figure.
HONG KONG TRAMS showed a decided improvement during the period under review. Large par- cels were reported to have changed hands at 819.50 and 20.50. The demand eased off sightly just be- fore the end of the week," with bayers offering 820.10 and sellers asking 10 cents mare,
-STAR TERRIES changed hands, at $60 and $66.30, and there are further buyers at the former figure.
CHINA LIGHTS-Small parcels of old shares changed hands at
219.30 to $19.40, ; and, shares are still wanted around these figures. New shares are wanted at 818.
ELECTRICS have eased of slightly. Shores "changed hands at 260.40 and 800.50, but buyers on Saturday would not pay more than
·839.23," while sellers are holding out for $60.00.
|
AMUSEMENTS--Buyers are io the market at 0.50, but nobody appears to be anxious to part with their holdings at this figure.
REPLIES TO READERS,
column,
Every week in this "Kufan" replies to correspondents who may have questions to put regarding the prospects of any stock quoted in Hong Kong, Stang hai, or Singapore.
Questions re- garding principles, practice and custom can also be dealt with.
1,1930.
Cuticura DAILY SHARE QUOTATIONS.
TALCUM
It keeps the skin sweet and whole-
some ↔ overcomes
perspiration and is cooling and re- freshing.
HONG KONG. STOCK EXCHANGE.
SHAREBROKERS' ASSOCIATION.
Bayer Beller
Balenomina))
MONDAY, MARCH 10.
Buyers | Balises
$1,375
Bampla ech Boap, Dialment and Tatem, fre MSON TIGUME,
800)
- Oncer, La.
HONG KONG TRADE.
SACRIFICE SALES OF TEXTILES.
!LIFE:
111!14
Bants
H.K. Banka
Melna | Nomina
FOREIGN MAILS.
RADIO NOTICES
The Radio Oẞico, where fall information concerning all wizelsea averionn may be obtained at all timen, in situated on the ground flour of the P. 4 0. Building in Des Voynx Bond, naxt to the General Post Odios..
Individuals and firms are recommended to register their telegraphin, ad~ dress at the Radio Ofoe. No charge is made for this.
It is notified for information that with effect from 26th February, 1930. the local currency rates for radio telegrams to the countries-nam id below will be no 2 saed as shown i
$1,375
ent
Do. (London)
218
Chartered Banks....
Mercantile Bkı “A”:
£157.
Do.
Bank of East Asia...
£29
Insprances
Dayton, Te
$785
Canton Ins.
$765
1.0. De 440.
#1)
Underwriters
$1.10 $1.40
Indo Chicagomu • Home •
..$0.85
Siam...
$3,00
Netherlands East Indies...
INWARD MAILS.
T.180
North China
*Throughout
$397
$309
the Wacha
M.$50 Yangtare Ins........
Union In..................
$399
$400
T160
$30
$340 $895
China Fires
1248
OZON
Pit
L
H.K. Fires...
$590
AUSTRALIA & Manila
Shipping
St. Albans Porthor
11th Mar. 11th Mar,
324
SHANGHAI & DEATOW
Hoochow
12th Mar.
Douglasss
Steamboats
$942
SWATOW
Fan Faules
"irth. Mar.
++
.343
Indos (prat)...............
$30
EUROPA Vis Ust (Letters & papers. Lon-
$70
Do (det) st
800
93,6 Shell Transports
03/6
96/
don, 13th Feb, de parcels, 6th Fob.) SAIGON
Malwa
13th Mar
Athos 11...
$264
4.
Water-boste
#:7
Jaran de SuanGĦAT
Kalyan
14th Mar. 14th
U.S.A. (Seattle, 2nd Feb), Cavani,
JAPAN & SHANGBAL
Pres. Taf
14th Mar
Mining
BREATH
MANILA
+
SHATONAI
Kashima Hiru Pres, Jackson Aenean
16th Mar.
1711 Mar.
18th Mar
w
54/-
T.14
UB.A. (San Francisco, sud February),
T.7
T1.30 Explorations..........
Do. (single)
'T.9
Honolulu, Japan & Buanomal
J
Tenyo Maru
9th Mar
T.14
AUSTRALIA & MANILA
Aki Moru
2th Mar.
Famo Maru
21st Mar..
T.S
Shanghai Loans ..........
T.3f
$162
Raubs ...*.**
816.1
Pros, Wilera-
22al. Mir.
21/.
Tronoh Mines' ...)
19/3
(2406 Mar
Docks, Wharves,
Godowns, sto.
28th Mar
$159
0163
H.K. & K. Wharfa... $159
$6,30
Providents.............
$5.40
H.K. Docks.....
$31
T.125
Shanghai Docks
T7.80 T.216
New Engineerings
The following reports are takea from the fortnightly trade review published by the Hong Kong $6 General Chamber of Commerce:— 'Cotton' Pleca Goods and Fancy
Cotton Goods.
The outstanding feature of the market during the period under review has heen the sale from stock of an appreciable quantity of Stan- dard Brocades. The sale referred to comprises goods carried over from last Spring season, and prices accepted can only be described an Correspondents are asked to ad- sacrificial Market rates for other dress their queries to "Kalan" styles of Spring Fancies were tem- care of the Editor of this paper. porarily affected, and weakened. and to give their names and ad-At time of reporting, however, dresses. It is desirable that a nomme de plume be also included. in order that readers can pick out the answers intended for them.
Every effort will be made to give as full and detailed a reply as pos
no responsibility what- sible, but ever is admitted by the writer in
2
|
there is evidence of a Brmer tone.
The market does not display, noy
tangible interest in British Grey or White Shirtings. So far as the latter commodity is concerned cheap stocks, available at prices well below the silver parity of re- placing costs, do not attract buyers so doing.
nad improvement in demand is un-. Those who have written for in-likely until free movement of cargo formation last week will find ̈an- is possible to West River consum- swers to their queries below:- ing points.
$19.00 TAMING-1. You are right, the Clearances of seasonable cargo $63.00
shares are cheap, but the fact are well maintained.
T.:25 that the dividend is not regular. has to be considered. I advise you to wait. 9. The Company is undergoing a change at the moment, and quite a large au of money may be need up for this
reason:
better "wait. 3. Not worth buying at present figures 4." In preference to the steek you have mentioned I suggest for your consideration, Lands, Fer- ries and Dairy Farma.
Cotton values are inclined to weakness, Latest quotations to $14 hand are those of eth instant.
Mid. Am. Spot" 8.14d. Eg. Sakel. 12.500.-
T.18 T15.90
*་
30/
Benquets...
Kailans
T13.60 Langkats (comb.)
Hoogkew
Cotton Milla
EWOB***
T.8
Shai. Ctons (old)...!
T.18
T.10
Zoong Sings
Do. •{anw)...]
Lands, Hotels and Buildings
Shanghai Lands...
111.
T.831
Tal
JAPAN & SHANGHAI
USA. (San Francisco, 21st February", }
Honolulu, Japan & BRANGKA) U.S.A. (San Francisco, 18th February),
HONOLULU, JAPAN AND SHANGHAI U.S.A. (Seattle, Bih March), CANADA, Į
JAPAN & SHANGHAI
CANADA Victoria, B.C., 8th March),
USA, HonolulU. JAPAN & SHAFAx:1]| U.9.A. (San Francisco, 7th March),
HONOLULU, JATAN & NHANDSÄ.
Prea. MeKinley ..
Pras: Juform
Emp, of Rumeža vi
I're Fan Buren
OUTWARD MAILS. ·
30th Mar
Sth Apr.
REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to olose at or before 2 sim. registered and parcel mails are closed at 5 p.m. on the previous day,
FOR
DATE & TIME
***
H.K. & S. Hotels
..... $19.00
中
104.
H.K. Lands
$631
$8.30
$98
H.K. Boaltys.......... Humphreys
$14
Chinese Estates
Faile
W
Jara via Batavia
Public Utilities
20.10/20
Tramways
$20.10
311 86.05
***
257
Peak Trams (old)... 811
Dr.
(aex)... $54 Star Ferries
saigon, Ceylon, India
Fest
Shanghai, Japan & "KUROPE via Siberia
Fort Bayard, Hoihow, Pakhoi & Haiphong Tonkin Swatow, Amoy and Foochow
and South Africa, Aden,
Haiyang
Manritias,
2617
Egypt & EUROPE is Harsillos
$19.31
zie Marseilles, 11th April-
313
Saigon
$691
Manila...
Тарел
Swatow & Foochow
$10
Another report states:- There have been small enquiries 820.20 for White and Khaki Drills, Warn Satins, Black Italians and Dyed Cambrics, but with the exception of the Drills, small quantities of which have been booked for quick ship- ment, no sales are reported. Man- chester prices are easier but the further drop in exchange has more than counterbalanced any conces sions obtainable,
Clearances of Soring cargo ar brisk, and show fair margins "of profit to dealers.
Another repart states:- There has been further enquiry few lines bave
FOLLOWER-Just sell out as soon 28 you can, as the shares are likely to go down in the near future. They may drop very heavily when certain news (which I have heard 'becomes public. GASP-The Company is making good money, but instead of pay ing it out in dividends. they are for cottons and building up a large reserve and | heen booked, but in most cases the investing in local properties.continued drop in exchange has That is the reason why handsome revented business. Clearances of dividends are not paid. If you Spring cargo have been satisfactory are against this policy, and f and local prices are firm, Manches. there are sufficient shareholders ter prices are again easier but they who hold your view, perhaps you are not reflected in this market on can do something about it.". It account of the lower dollar rate. you are alone in your views, nothing can be done.
*
=
*
Woollens.
3601
893 84+
$10
717.00
10/
19/3
Da.
C. Lights (old)....$18.35
Giew)......31S
Do. (comb... $23 H.K. Electrics.....$60.35 Macro do.
Sandakan Lights...
Telephones.................. China Buses.................. Tractions
- Do. (pref.).....
Industriala
Macgregor (prof.)
$16.15 Cements (comb.). $14.75
T.10
Culdbeck, (ord)
T.10
$31.
Canton Ices
$10,80
Do (old)..
B1.10
$0.75
$5
Do.
(now).
87.85
China Sugars...nota
$27
Ropes
Malabon Sugars...
United Asbestos...
Miscellaneous
$22
A
30.60 $28)
$27
Dairy Farms...........322 Der Wings.........
$22.30
Amusementäen.) 828)
$1.30
Constructions...... 91.20
Some orders have been placed for ANNUM-There may or may not and other woollens but there is loss Wool Venctions, Shot Gabardines be a dividend for shareholders this year. I have had this query considerable trade could be done at
enquiry than two weeks ago. several times from differzut readers, and can only state that slight advance or, last season's the Company is very sound, prices, but in most cases this is
$18 whether they pay a dividend or
rendered impossible on account of the not.
JUJU-The course you suggest is perfectly sound. I advise you to sell your present holdings, and go in for the higher-priced stock. It gives a better return, with a distinctly brighter chance of capi- tal appreciation.
#
*
YOKOHAMA SPECIE BANK.
HALF-YEARLY MEETING.
The local branch of the Yoko hama Specie Bank is in receipt of cablegram from the Head Office to the effect that at the 100th half the shareholders held at Yokohama yearly ordinary general meeting of
on the 10th instant, a report was submitted showing a pel preft of Yen 17,731,848.00, including Yon 10,420,020.27 carried over from Inst account. It was resolved to make the following allocations:—
TELEPHONES are wanted `at¦':
$10.
CEMENTS Sales were negoti ated at #14.90 and $15. I under stand shares were obtainable on Saturday at $14.90, but buyers were only offering $14.75.
DAIRY FARMS-Small parcels changed hands at $22.25 and $22.30. I hear that further shares can be taken up at this rate.
Reserve Fund 3,000,000.00 Dividend of 10 per
cent, per annum 3,000,000.00 (for the half-year ended December 31, 1020) Special Dividend of Y3 per share... Special Bonus
the Staff Carried forward to next Account. .....
3,000,000,00
500,000.00
6,931,848.06
Yen 17,73,848.06
exchange situation. Wool prices are actually cheaper to-day han they have been for twenty South China cannot participate on years, and it is to be regretted that
a large scale, owing to the high boing nearly at an end, clearances rost of importing. The season of woollens have been reduced to a few packages.
BANK OF CANTON,
PROPOSED DIVIDEND.
The prost of the Bank of Canton, Ltd, for the year ending December
Nanyang Tobacco...
Lane Crawfords .... Mackintosha..........
Sinceres (old)........$10.70 (now) ...... $9.90
$12
***
**
811
*$2,20 60%
51%
prem.
Wm. Powells...tä $24 B. Ind. G.8 Bonds... 44 H.K. Govt: Loan
$105
· LOCAL AND REGULAR OUTWARD MAILS,
| 31, 1920, including $43,902.23 | Canton
brought forward from last account writing off bad and doubtful debts, and after paying all charges and amounts to $1,306,305.70 which the Directors propose to deal with as
follows
To transfer to Reserve
Fund To transfer to Reserve for. Bad and Doub ful Debts: To write off Furniture," Fixtures and Vaulté Account To pay Dividend at $2.40 per bare on paid up Capital ....... To write of Stationery.
Account
To write off Branches.
Organisation
To pay Bonus
To carry forward to next year's account
Macao & Tønsban
TES
Hoiber...
Amoy
Swator, Amoy & Formoss Haihow, Pakkoi ✯ Haiphong Straita
Tremlay, 11th,
Yokahoma Maru
8.Bu
Diana Dollar Тулигова...
10.30 *
10.30 A 1.00 r
1.00 T Kowloon 1.0.
deg-
1,00
Porthos
Letters 1,00
Q.P.0.
Kog. Liter B
2.50 T
Pong Tong
8.30 P X
Pres, Jackson
4.80 % #
3.00 PM
6,00
Wednesday, 12th. 9.30 AM 3.30
St. Altana
Chipshing...
Chinkua Taiyuan...
Deli Maru Okangiti... Van Fortes Kwei Yang
Thursday, luth,
8.30 830 AX 10.30 AM
Amoy
***
8114
Foochow and Wai Hai Wei
Straits & Calentin
829
Huickow...
Bui Sang
Hai Ning...
Swatow, Amoy & Foochow ... Bhanghai, Japan & BUROPE via Biberia Athos 17 ...
Straita, Ceylon, India, Mauritius, E. & 8,
Africa, Aden, Egypt & EUROPE Kalyan
vis Marseilles-dua Marseilles, Izth April
字母
3,30 z
Friday,
14th,
9.30
Parocli
Noon
acters
1.00 # 2.00 2.30 Ри
Howlan
PO.
4.30 F
Caroels 4,15th, 8.00 Letter 19.00 2
G.P.O.
Par, 14th, 5.00
1.15th,9.45 x 10': elters 10.30-
Saturday, 15th,
4.83
$3
34
Manila
Free. Taft
Amoy
Anking
6.0) Dis
log.
5.00 1
812.20
Shanghai & Dalny
Bangkok via Swatow
Bothow
Luchow
Kalgan Круша
Leitore
6.00
Sunday, 16tb
Swator, Amoy & Formosa
Shanghai and *Japan...
SUNDAYS & HOLIDAYS
Canton Mart
9.00 A -900 & N 9.00 AM
Monday, 17th,
WEEK DATS.
FOE
FROX G.P.O.
FROX SHEUNGWAN BRANCH P.0.).
Fox FROK SKEUNGWAN G.P.O. BRANCH
P.O.
Sandakan
Japan, Canada, U.S.A., C. & S. America
& "EUROPE Vik Victoris, B.G.—}{Pres. Jackson dns Victoris, B., 4th April...
Kashima Maru Star
10.30
Larx Parcels 3.00 PM
11 Beg
$7.16 ani, & · 7,30 n,m. - 16.00 p.m.
7.00 p.m.
7.00 p.. Sandoya
Sondays (p..only | 7.00 pm.
only
7716 am, & (7.80 a.m. &
6.00 p.ms
Phanghai and EUROPE via Sibería Manila, Australia and New Zealand via ); Thursday Island-dus Thursday Island, 29th March
Pres. Jackson
Tai Ping
140
Baiching
7.15 a.m, &} (7,30 am. 1.15 p.m.
(7.16 a.m. &) (7.30 nos, &
1.16 p.
1,80 p.m
Ainoas
'1.30 p.m.
Sundays 8.15. Lonly
Xundaya
8.30 22. Lonly
500,000.00
Kongmoon (except Saturdays]|| 5.00 p.m. Kankong (ercept Saturdays).... Fatahan (By Train). T1.0 1,943.15 Tai Pa
8.00 p.m.
8.00 pm,
Yatshing
Emp. of Canada
4.15 PM 5.00-
-5.00 PM
Letters 6.00 if′arcola · 5,00 EN |Rep.,18th,9.45 a w
- tora 10,30 AR-
[Taes lay
19th
Blog.
Letters: 2.30 PM.
5,00 Parcels 5.0011 Wedsenday, 19th, tag
9.15AM
1.00
1.45 M
6,00 y.m
7.15 a.m.
9,00a.m.
7.16 s.m. 9,00 am.
Koeman
9.00 am.
Straits
11,0 am.
Ala Mars...
Letters 10:00 A
Thursday,
10.30 AM zlaty 9.30 A
20th
Japan
€ 11,00
15.30 p.m.)
Siraits, Ceylon, India, Maurition, Fast Bouth Africa, Egypt & Earope vin Marmilles de Marsilles, 20th April,
Kamo Mars. Lei,22nd, 9.00 AM
Beg 22nd,8.46 M Lettere: 9.30 AM. Monday, 1st,
Friday.
Kowloon F.0. Reg. 4.30 PM
G.P.O.
$150,000,00
510,936.00
• Shumchun
11,714.33 Chenagokow
19,900,50
80,060.50 Aberdeen
$1,280,852:49 Anta Pingshan, Santin,
(9.00 2.1. 3.00 p.m (0.00 m 12.00 p.m. (12.30 p.m.
& 4.20 p.ac. Baturdays 1.00p.m. &
4.30 pm.
6.00 p.m.
8.00 p.m.
Swałow, Amoy and Foochow Btraita, Ceylon, India, Mauritius, E. & 8. Africa, Egypt & EUROPE via Mar- sefiles--dine Maraeilles, 20th April - ... } | Bwałow
Shanghal, Japan, Canada, U.S.A.. 0. --& ß. America & *EUEUFE vis Van-
conver, B.One Vancouver, B.O., 4th Apr, & Europe vis Siberia
8.30 a
8,30 m,
Stanley
1.00 p.m.
1,00 p
10.80m
Shadin, Saatankok, and Sheungshud
8,00 p.m.
Manlia
106,843,22 Saikung *******
4.30 p.m.
4.20 p..
Nemtar, Bbekli & Taiping
(Famdia)
7.00 LIC
7.00 p..
$1,300,305.70
Emp, of Bussia
Superscribed correspondence only.
3.30.M