Money and Markets
GOSSIP FROM THE SHARE-MARKET.
STEADY TONE PREVAILS PRIOR TO THE HEAVY MARCH SETTLEMENT.
FREE ADVICE FOR INVESTORS.
[By " KUFAN."]
THE HONG KONG DAILY PRESS TUESDAY, MARCH 25, 1930.
"Gossip often moves the market, HONG KONG TRAMS-Follow- but no incestor should either bug|ing the dividend, shares were dealt or sell on market gossip only.
The tone of the share-market during the past week has been very steady, and from all accounts it appears the volume of business negotiated has been fairly large.
A good deal of the buying and selling that was going on was on account of the March Settlement, which takes place to-day. It is reported that this business is even bigger than the last December Settlement, and it augurs well for holders of Hong Kong stocks that large periodical settlements again becoming the order of the day on the local Rialto.
arc
1
in at 220, but the rate slid down to $10.70 ex dividend, and closed with sellers at the latter rate. Buyers are only offering $19.50 for shares.
HONG KONG ROPES-After being neglected for a very long time there were inquiries for this stock at 85. These inquiries were not satisfied, and the price gradu, ally went up to 6.25 and then to
26.50.
At the close of the week buyers were offering the latter rate for shares but without getting any.
*
*
RAUBS The rise in this mining stock had a slight setback during the week, after sales, had taken place at $10 and $10.50. Buyers were only offering $18.50 for shares at the close.
羹 China
The biggest business during the week has been in Trams and Hotels, due no doubt to the reported niego tiations for the purchase of the Queen's Road 'buses by the Hong Kong Tramways, Limited. Lights also improved during the week, but inquiries have failed to show any substantial reason for this rise, and perhaps the upward movement is in some way due to shorts covering for to-day's settlement.
REPLIES TO READERS.
Every week in this column | Kufan" replies, to correspondenta who may have questions to put regarding the prospects of any stock quoted in Hong Kong, Shang Questions re hai or Singapore. garding principles, practice, and custom can also be dealt with.
Correspondents are asked to ad.
The interest in Shanghai stocks has eased off slightly, probably due to the steady fall in the price of Ewos and other Northern storcks, as contrasted with the gradual risedress their queries to "Kulan,"
a prices in Hong Kong.
care of the Editor of this paper, and to give their names and ad dresses. It is desirable that a nomme de plume he also included, in order that readers can pick out the answers intended for them.
Every effort will he made to give as full and detailed a reply as pos. sible, but ne, responsibility what ever is admitted by the writer in
HONG KONG BANKS-Owing to the rise in exchange these shares had a slight setback. Business was done during the week at $1,360, but on Saturday there were sellers at this figure on the market, but with To huyers.
UNDERWRITERS CHINA There are quite a few inquiries into doing. the market for these shares at $1.10, and it looks as if the turn ing-point in the recent stendy de- eline has been reached.
**
*
*
*
UNIONS Shares of this com- pady were dealt in at 2400 to 401 during the week, and further shares are wanted at the lower figure.
*
KOWLOON WHARVES After dividend shares, rose from $144.50 to 8147, and the market closed with buyers still in the market at $147. I am afraid mere will have to be paid for shares."
*
*
Those who have written for
week will and formation last answers to their queries below:- HUT—There is no fear of a great drop in rates. Better wait a few more weeks before doing anything in the matter.
TROUBLED-Rumours quite un- true Even if they were true, the anticipated rise would not come off, as the negotiations were not so one-sided as gossipers seen to think.
#
WEEK-END-The highest divi- dend paid by this Company for any one year's working was $3.501. This was before the strike in 1925. Since then they have paid noth-
PROVIDENTS-This stock is rather neglected at the moment. and may remain so for some time. They closed with buyers only offering until recently. ing $5.10.
STAR FERRIES Shares in this PROJECT-Yes. There are a few other buildings in which this com- company are being sought after at
pany are interested, but I do not $67.50, hul at far as can be ascer
advise you to. hold your shares tained sellers are not anxious to
in the hope of getting n very part with their holdings at this
much bigger price. Better sell. rate, with the result that only a small business was reported. After the Settlement a few more shares may come on the market, and I expect a slightly higher rate will be paid.
*
CHINA LIGHTS Old shares were sold during the week at 890.93 to 81, and new shares fetched 815 at the beginning and $10 at the close of the week. The Combined shares also appreciated from $24 to 3, and closed with buyers at the latter figure. The rise, it is understood, is due to shorts, cover- ing the Settlement position,
ELECTRICS-These shares im proved slightly during the week. and after ebares were negotiated at 866 improved to a buying rate of $60.75.
CEMENTS There was a slight" lull in this stock over the week, and a little easing off" was noticed. Sales took place at $14.40, and sellers are still holding out for ten cents more, but are getting no response.
EWOS-During the week there' shares came down considerably. but not alarmingly. Sharea were sold at Tis. 13.50 to Tls, 13.15 ex dividend. At the close of the week there were buyers again at Tis 13.50. It will be interesting to watch the position of this stock after the March Settlement,
HONG KONG HOTELS-There was a fairly large demand for Hotel. shares during the week, due to the prospects of an advantageous sale of the bus business. A large busi- ness was done in this stack between 812.65 and $12.80, and the market closed with buyers at the latter figure,
HONG KONG LANDS-A In shares changed banda, at 205.75 it the commencement of the week, but the rate steadily climbed up until 266:50 was reached. Rre buyers in the market at the latter rate.
..
Thefe
KEE The indications point that way, but speculators may make a mess of thing. On figures your deductions are sound. Go ahead.
(Continued on next Column.)
|
HONG KONG TRADE. DAILY SHARE QUOTATIONS.
TEXTILE TRADE STILL·
·QUIET.
The fortnightly report of the Hong Kong Chamber of Commerce Lontains the following references to textile business :-
Cotton Place Goods, and Fancy.
Cotton Goods.
Beyond enquiry at quite inade- quate rates for certain descriptions of Cotton Fancies for July-August shipment there is nothing of im- portance to report in the Fancy Section. Some small sales of old chops of White Shirtings (actually effected some three weeks age) have now come to light. Clearances of Spring Fancy styles continue good and shew profitable returns to dealers. Offtake of Staples is dis- appointing, and likely to remain so until tree movement of cargo to Kwangsi is possible.
Raw Cotton values have advanc ed, latest quotations to hand being those of 20th instant. Mid. Am.
8.378. Eg. Sakel. 13.85d. "Spot
Another report states:- There have been some enquiries
for White Shirtings and miscellane
ous lires of cottons, but in most enses the offers have proved un- workable. The local market has not advanced sufficiently to offset the serious increase in prices brought about by the drop in ex- change. Latest cable advices from Manchester indicate that the mar ket is steadier, with an upward tendency. Clearances of Spring cargo continue to be fairly satis factory, but the new duty of 21 per cont. levied by the Canton Customs from the 16th instant may adverse- ly affect further movements.
Another report states:
The market has been very quiet, and with the exception of small sales of Warp Satins and Italiana. there is nothing to report. Clear- asces still remain brisk for all kinds of Spring Fancies with prices steady and firm.
Buyarı
£18)
900
HONG KONG STOCK.
$785
1.180 $399
EXCHANGE.
SHAREBROKERS ASSOCIATION.
S
Baler
Nominal
MONDAY, MARCH 24.
Buyers
Sellers
Sales Nominat
81,370
£112
20!!!!
#780
**
Banka
EL.K. Banks
Do. (London)...) Chartered Banks Mercantile Bks. "A"
Do.
Bank of East Asia... 399
Insuraxons
$780
Canton Ins.
Underwriters........ 1.10
North China .........
81,360
E16
£19
£10
FOREIGN MAILS.
RADIO NOTICES.
The Radio Office, where fall information concerning all wirelam services may be obtained at all times, is situated on the ground floor of the F. & U. Building in Des Voeux Road, next to the General Post Offes.
Individuals and arms are recommended to register their telegraphic ad-
Jeres at the Radio Offion. No charge is made for this.
+
FROM
Ollonità & STRAITS
Japan & SHANGHAI -
Branonai & SWLTOW
BAIGON
INWARD MAILS.
Pxx
Kumpang... Tango Kara Chenonceaux Sintiana D'Artagnan
Oremar
$1.30 $1.20
T180
Theh Max.
$400,
Union In zatonus**) $305
---
25th
M.860
360
JAPAN
Mor..
***
Yangtane Ins..........
25th
Mar
$340 $900
China Fires
8340
26th
Mar.
3018
H.K. Fires.ouse
$000
26th Mar,
#
BWLTOW
16th Mar.
10
Shipping
$93,
$2
Donglaces
$22
#22).
·$43
Steamboata
196
Ennore via Fuzz (Letters & papers, Lon
don, 27th Feb., &e parents, London 10th February
Rajputara
47th Mar.
350
Ladou (prof.)
D.S.A. (Beattie, 8th March), CANADA,
890
JaraN & SHANGHAI
***
Pres. Jeferson
29th Mar
$80/-
Do. (def.)
93/6
Shell Transports
92/3
94/9
SHANGHAI & AMOY ...
Tiikarung
99Lb Mary
**
$334
Hakone Maru
20th Mar
$95
Water-boat
Emp. of Buaris....
31st Mar
Mining
Pr. McKinley..
31st Mar.
Gingo Maru
Benquets.
Tenyo furu
31st Mar. 3lat
Mar.
Korea Maru..
201 Apr.
Kalori Maru ·
4th Apr.
fres, Fan Bures Nellore
5th Apr. 7th Apr.
$4.65
50% Kailang
T13.60 Langkata (comb)...
10
CANADA (Victoria, B.O., 8th March), }
U.S.A., HONOLULU, JAPAN & SH-1]
MANILA
JAPAN
Francisco, 8th March
9.A (San Francisco, 7th March),
Honolulu, JAPAN & SHANGHAI
AUSTEALJA & MANILA
MANILA
T.14
U.S.A. (8
T.71
T.0
TA
T130 Explorations...
Da (single)...
Bonolulu, Japan di SilanoMAI JAPAN & SHANGHAI
T.1
T.31
Shanghai Loans ....
$18
$184
$18
Rauba
·81/.
Tronoh Mines .................
19/3
Backs, Wharres,
Godowns, etc.
$147
#3.10
T.125 T7.80 T.220
Woollen's.. Some important business hus been T13.30
a standard quality of settled on Wool Serge, and there has been further enquiry for Shot Gaber- dines, Venetians and Switings, with small lots going through. Contin- ental Woollens, such as Maltons, Overcoatings and Mohair Plushes. have come in for a good deal of attention, and offers have been made for substantial quantities However, only a small proportion of the proposals have proved feasible, as prices for shoddy clotha have not declined to the same extent as all-wool goods and Mohairs are some 15 per cent dearer than last season at present exchange.
Ootton Yarn. Nothing doing. Nominal quotations are as fol- lows:-No. 10s. $170/180, No. 165. 12. 8180/105, and $100/200. No. No. 20%. $200/210.
you
L
H.K. & K. Wharfs..... $1484]
New Engineering
Lands, Hotels and
$5.10
OUTWARD MAILS.
REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 am. registered and parcel malls are closed at 5 p.m. on the previous day.
For
Pix
Providents
$33
H.K. Docks
1.123
Shanghai Docks
Hongker
Cotton Mille
T.13)
Ewon
1T13.40
1.80
T.831
DATE & TIKE
S'hai. Otons (old)...
T.A1
T.78
Da (now)...
1.10
Zoong Sings
T.91
Buildings
Shanghai, & EUROPE vía Siberia
Straits and Calentta
Autolycus
Yuensang
Then lay, 25th,
10.3. Par,
Lettors
$12 $12.00 $12.90 3666
H.K. & S. Hotels
$12.80
366
H.K. Lands
$86)
$19.00
$86
Noon
1.007 M
Kowloon P.0.
migon, Ceylon,
India, Mauritius, ?
teg.
1,00 z
Chenonceaux ...
alters
1.00 PX
T.240
Shanghai Lards
A
G.P.O.
ex dir.
88.00 $14
H.K. Realtys
Humphreys
$7.60 jox div. |`$14'
++
Leg. Lettora
3.45 pw
1.30 M
198
Chinese Estates
**
BAR
Tonkin Trimande k
1.0% P
4,30 F
Haining
2.00 x
•Haldis·
Pres. MoKinley ... Borang Üheksang..
4,30 P
5.40 PM
#
Limehow....
Wednesday
Brg.
Tango itaru...
Tenyo Maru
Taiyuan
Deli Maru
Cremer
Public Utilities
Tramways
Peak Trams (old).......} $11.
Do. (new)... $5) Star Ferries
$19.60
$19 19.60 70
$11 86.03
8671
"316
967+ 823
24.
$20.90 $21
$161
Do.
C. Lights (old)...... $20.60)
(new)...... $152
$21
810
Do. (comb.)......] $244. H.K. Electrics. 866)
813
have
T.184
18/3
INTERESTED-Glad
As regards taken my advice. your new question, I can recom- mend you to buy this stock with out fear of loss of capital,
”
THOSEW-I am certain that in the course of the week you will hear further about these two com panies. Meanwhile, wait!
*
CAUTIONS-Your letter arrived to late for attention, owing to the fact that you addressed in to another paper instead of the Daily Fre! It was courteously forwarded to the Editor, and the questions contained therein will be answered in this columns next work.
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor- respondents, Messrs. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Sassoon House, Shanghai, feable address: "Swanstock," Shanghai), who are not responsible for cable mutilations
Tone of Market, Easy. No. of 'Shares done.-2,000,000.- Call Moncy.-3 per cent
American Smelting Anaconda Copper ..... Baltimore and Ohio Borg Warner & Col..... Chrysler Motors City Service Common Curtis Wright Common Eastman Kodak ..... Electric Bond and Share
New York, March 29
Last Dividend.
Latest Bules.
75
74
119
48
40
30c, A
30
None
вв
935
101
Macao do,
Sandakan Lights.....]
Telephones....99
China Buses
Tractions
Do. (pref.)
Industrials
Caldbeck, (oril.)
Macgregor (pref)
Fast and South Africa, Adeo, Egypt & EUROPE via Marwilles- Doe Marseilles, 28th April.
Fort Bayard, Hoitow & Haiphong Java Tis Batavia
Swatow, Amoy and Foochow
Habila
Japan ***
Saigon Lor
Bwatow
-་
Hothow, Pakhoi & Haiphong-
Manila Australia & New Zealand via"
Thursday Inland due Thursday
Island; 7th Apr 1
Maails
Shangha, Japan & EUROPE via Bibens D'Artman
Amoy
Straits, Ceylon, India, Mauritius, R, & B. Africa, Adan, Egypt & EUROPE vis Marsailles-dna Marseilles, 25th April
Haiching Бако Мати
Chekiang ....
26th,
8.30 AM 8.45 AM
Letters 9,39 AM
2,3) M 2.30
3.80 r
Thursday, 27th,
8.30AM 10.30 AM
1.00"
15.00
Friday. 26th,
930x Koeloon PO.
Parcela
4,30 P
| seg.29th, 9.00 a M.
Rawalpindi.eters 10.00AM
Kwanatung Talthybius Free Juferion Antung
G.P.O. Far.28th,,5.08 ? M........ tug. 20th,9.45 a m Bottom 10.30 AM Saturday, 29th,
9.30 N 10,00 ▲ M 4.30 PM
5.00 P
¡Sunday, 30th,
Swalow, Amoy & Formosa
Straits
T.10
watow, Amoy and Foooliow
TAO
Boilo
$2
Canton Ice ........
503
$14.30|1.45
Cementa (comb.)....
$14.45
$10 $4.05
Do
(old)...
$11
Boihow, Pakhoi and Haipl org
Do.
(new)...
$31
36
Ropes *****
961
80.80
35
China Sugars
827
Malabon Sugarı 7.
United Asbestos ...
$201
| 81.20
Japan
Bil
84
Amoy
$12.90
$201 30.80
$201
$28,
$1.30
***
$2.65
$2,25 62/ 77%
$12
Miscellaneous
Dairy Farms Der A. Wings... Amusements......... Constructions Lane Crawfords ... Mackintoshs..........
Do.
(old)......... 810.70 (new) ... 89.00 $11.40 Watson |
Wm, Powells $24. B. Ind. G.8 Bonds... 61% F.K. Govt. Loan $105
NATIONAL COMMERCIAL & SAVINGS BANK, LTD.
PROPOSED DIVIDEND.
Heihow..
++1
Bangkok via Swatow
Swatow, Amoy & Formos
Jaya, Canada, USA, C. & S. America **FUROPE via Victoria, B.C.- das Victoria, B.C., 15th April Manila
Buanghai
:
ན་
Kaying
Canton Maru
9.00 AM 9.00 AM
Monday,
31at
Hakone Koru
10.30 AM
Parcels
Pres. McKinley Rog
3,00 4,35.
Litera
EXCHANGE RATES.
Shanghai & *EUROPE via Siberis
Emp, of Russia"..
Pres. McKinley
5.00
3.39 M
►
Beg. Leuiters
5.00 F#
[BRITISH WIRELESS, BERVICE ||
BroBY, March 93.
124,20
6.00 IM APRIL Taen tay, 16,
Manila & Java vis Boerabais
Tjikarang
Straite, Ceylon, India, Mauritius, §. &. §.
Africa, Egypt & EUKOPE, via Mary)} seillesdne Marseilles, 2nd May
Menelaus
4.86 21/32
10.30 AM Kowloon P.U. Beg. 1.00PM
otors 1:00
G.PU.
1.45x
Letters. 2.30 M
34:883
Geneva Amsterdam Hilan Berlin Stockholm Copenhagen
25.115
Swatow Bhangbai,
Foo Shing
JADRN,
Honolulu, 0.8.4.
19.13
Canada, Central & South America,
Reg
5.00
5.00%
02.02
20.385
and EUROPE vis Ban Francisco Tengo Maru dos San Francisco, 95th April and *EUROPE is Siberis
Wednesday, 2nd, Letters 8.3)
18.10
Wednesday, Ind,
18:16
Snadakan
Hinang
16.17
34.595
Prague
1841
Straits & Calcutta
40
29
None
Helsingfors Madrid
1931
Friday,
. 10.30 & XC
Thursday, 3rd,
Porcela Noor Letters
1.09
4th,
39.50
8:30 AM
ΔΙ
88
Lisbon
109.30
Kowloon P.0.
Simmons Co. ....
3E
Straite, Ceylon, Indis, Mauritius, E. &"
44
Athens
273
Standard Brands,
NBRELL
7 per cent, or paid..
Standard Oil Co. of New Jersey Standard Oil Co. of New York Union Carbide and Carboni United States Steel, Willys Overland
23
up capital
$180,011.28
Bucharest
818.
Rio
51
1.65
44
To
pay a bonus to
S. Africa, Aden, Egypt & Europe vis Maceciliadue Alarsollies, 4th May
Beg. 4.20
G.P.O.
Buenos Aires
421
2.00
Bombay
1/5 13/14
7
168
Shanghai
1/112
1.20
10
To carry forward
78,750,21
Hong Kong
1/01
Japan and South American Porta
Ginyo Maru
Beg,5th, 8.45 AM Latters 9.30 AM
Saturday, 5th,
10.30 AM
A-Plus stock extras,
·B-Includes stock extras. C-Payable in stock:
D-Plus 4% in stock.
Yokohama
2/08
EsPlos 6% in `stock.
Total
$200,129,16
Silver (spot) viiniens 197
Bilver (forward)
10 11/10
General Ry, Signal
General Motors ....
•Gold Dust
Goodyear Tire and Rubber!
Granby Consolidated
Grigsby Granów
International Cement Montgomery Ward..... Nevada Consolidated Radio
Scars Roebuck & Co.
The bead office of the above bank (which is in Hong Kong), send us the following summary of the fin- ancial position as at December 31 Last:
Gross profit for 1929, including $1,392,89 brought forward from 1928, 8613,607,42, Alter, deduction of all expenses, amounting to $267,113.43, and providing for de- preciation and writing-off of vari- ous accounts to the amount of 877,304 83, there is a net profit of $209,129:16.
The Board of Directors propose to deal with this amount as follows:
To pay a dividḍond_of
Paris ..... New York Brussels
Oslo Vienna
Directors, Promoters,
Founders, and Staff 13,387.09
Kumsang
Shanghal, Japan d *EDBOPE vin Siberin Airline Mar
Katori Maru Let., 5th, 9.00 M
*Buperscribed correspondence only.