12
Money
and Markets
GOSSIP FROM THE SHARE-MARKET.
BIG BUSINESS CONTINUES ON THE RIALTO: MAY SETTLEMENT NOT HEAVY.
FREE ADVICE FOR INVESTORS.
[Be." KUFAN."]
One of the biggest share deals put through since 1993 took place last week, when a large parcel of Hong Kong Trams, Wharves, Elec- trics, Lands, and Ferries changed hands. Large though the deal was, quotations were not, affected in any way, the shares being, I under stand, quickly snapped up, and at the close of business last week the market was as strong as ever.
The deal, which I understand involves shares valued at over $1,000,000, failed in fact to make any impression on the market at all, which speaks well for the future the immediate future, at
least.
ANSWERS TO CORRESPON.
DENTS,
THE HONG KONG DAILY PRESS, TUESDAY, MAY 27, 1930.
the worst sufferers, the Dow Jones DAILY SHARE QUOTATIONS.
average for 30 industrials showing
a decline of 4.80, to 265,31. Ameri can .Can was off 43 to 1401 at the close. Allied Chemical was off of to 3011; Du Pont was of 3) to 197; Eastman Kodak was down seven points to 210; Goodrich Rubber de- clined 2 to 40; Goodyear was off 11.821; Simmons Co. was of 1 to 39; Timken Roller Bearing was off to 731; and General Electric was aft 3 to sof
The Railway Average. The Dow Jones average for 20 rails was off less decidedly, declin- ing 1.13 to 143,80, New York Cen- tral was off 2 to 173; Eric was down 1 to 471; Pennsylvania was off an eighth to 781; B. & O. drop- ped 1 to 1142; Rock Island was down 1 to 112; Union Pacife was off 2 to 994; and Canadian Paciâc was ap 13 to 2033,
Among other issues, United Air- craft dropped 31 to 791; Curtiss Wright common was down to 11; Every week in this Poluma Union Cabride was off 21 to 831; Kutaa" replies to correspondents Trans America was off a point to who may have questions to put re-131; Corn Froducts was off to garding the prospects of any stock 10; and Borg Warner was down quoted in Hong Kong, Shanghai to 38 or Singapore. Questions regarding
Call money continued to be quot principles, practics, and custom caaed at 3 per sent.
also be dealt with.
dress their queries to
Correspondents are asked to ad- "Kufan," care of the Editor of this paper, and to give their names and ad dress. It is desirable that в nomme de plume be also included, in order that readers can readily identify the answers intended for them.
reply s
Every effort will be made to give as fuli and detailed possible, but no responsibility what ever is admitted by the writer in so doing.
To-day is May Settlement Day, and from inquiries at various places I understand there is not likely to be any hitch over the settlement, as it is comparatively speaking quite a small one, and with the present state of the money market, the carrying" problem is до Those who have written for in- longer a problem. I hear, however, formation last week will find and that there are some very heavy swers to their queries below:- commitments for the aext settle-MINING-I do not consider your ment, which might have some bear- stock
a ärst-class investment ng on the share-market after to-
stock, though that does not mean day's settlement is negotiated.
you are likely to lose money by it. If you are going away short- ly, you should realise your hold inga rather than take a chance.
The demand for good, and solid stocks is very strong, but it is noticeable that there is a "decided easing-off for stocks of more speculative character.
HONG KONG BANKS: These shares improved a little during the week, due, presumably, to the fur- ther drop in exchange, Shares changed hands locally at $1,440, and $1,430.
CHINA UNDERWRITERS in- proved immediately after the call of St was paid, and a fair number of shares were sold between 83. and .83.20.~ Shares are now offering at
the latter price.
UNIONS have sagged a little. buyers now offering only 180 for shares.
STEAMBOATS: On the strength of rumours there was some activity in the market over this stock, but Buyers are sellers are plentiful. offering $25 for shares and sellers are asking round about $25.50,
WHARVES had a slight setback during the week, but firmed, up considerably towards the close, there being buyers at about 8179 on Saturday,
CHINA PROVIDENTS are casier and, shares, can be obtained. at $3.90.
HONG KONG HOTELS are also on the easy side, and large parcels have been put through at 12.05 and $12.80 during the week. The buying rate at the close was about
$12.60.
+
*
HONG KONG LANDS changed hands at 883 to $84.30. A fairly large business appears to have been done in this stock, but the rates aagged a little towards the close of the week, when buyers were only offering $83.50.
OPINION The stock has gone up since the dividend, and is likely to go still higher. I recommend you to buy now..
cent.
QUOTATIONS.
New York, May 20, Market wonk Business done: 3,413,930 shares. Adams Erpres...
May 17 19 Allied Chemical & Dye... American Can.... American & Foreign Power
American Rolling Mill... American Smelting American Tol & Pol
American Tobacco "B" American Waterworks... Anaconda Copper Atlantic Redning Baltimore & Ohio Bethlehem Stool Calumet & Hech Borg Warner
Canadian Pacific Railway Chosaymku Corporation Chicago Rock Triand Chrysler... Cities Service Common
---
T+
Columbia Gas, & Electric Columbia Graphaphone Commercial Solvents... Commonwaslth & Southern Commonwealth.& 8. Warr. Consolidated Gn of H. Y. Continental Oil... Lara Products Curtiss Wright Common Davison Chemical a generalDu Pont de Nemou
Eastman Kodak Electric Bond & Share... Erie Railway Fox Film "à *** General Food General Electrio
General Enilway Signal General Motore
41
CONVEX-Only sixty per
should be given rule. Regarding 1, 2, and 3, this rule can apply, but you can be more generous with Nos. 4 and 5, as there is not likely to be more than a ten per cent. drop, if at all, within the next few months Therefore in regard to these stocks you can safely go as high as 80 per cent. OK.-You can take over the trans- fer-deed without any qualms. If the signatures are alright, it does not matter, in your case, if the date is filled in.
SERVICE-Cheap as they are, I do not recommend you to go in for Rubbers just now. What about telling you friend to sell them through a broker? The charges should he very small, inside $10. KLL-Your letter arrived too late. Please see this column next wook.
NEW
YORK STOCK EXCHANGE.
Gold Dust
...
Anyon
HONG KONG STOCH EXCHANGE
SHAREBROKERS
ASSOCIATION:
Boliere Balenomical
MONDAY. MAY 26.
| Bujars | Baluru
Mercantile Bks. "A'
MAILS
FOREIGN
RADIO NOTICE.
Individuala and firms are recommended to register their talen graphic address at the Radio Offlon. "No charge is made for this.
SAND KAN
INWARD MAILS.
FROM ik
PER
Dus
$1,450
ELK. Banks
༄༅་་་་མ
51,450
£173
Do. (London)
£17
Chartered Banks
BATAVIA STAANS
Tjisondari
Fan Feutss
17th May itu alay
F
£30
SHANGHAI Swarow
kuny
18th May
£12)
Do.
$119
Bank of East Asia... $119
Tenyo Maru
29th May
Insurancos
Tjiltong... Hector
28k May
LUID May
$96)
Canton Insurances.. $940
Suwa Maru
ช. MAY
$3.15
Underwriters
......
33.20
North China....................
T160
14/
Eres. Harrison
31st Mar
Union Insurane... $478
$475
M.$50 Yangtaze Insurances;
China Fires
$355 H.K. Fires............ $290
260
Jeypore
31st May
MAXI
Emp. of Kumia
is. Jure
*****
SAN
End Jane
Shipping
JAPAN BRA. GRAI
JATAN...
tieni. Maunger ** L'anda
J20
JAPAN.
$35
Douglases
821
326
Steamboats
$43
Indos (pref)
SATILE (1716 May), CANADA, JAPAN
SHANGRAI
Sydney Maru
4th Jung,-
oth
June
„Fres. Grani
6th
Jane "
$40
Do. (det)"...
890
98/9
Shell Transports ..
95/.
$33
Water-boats...
1,160 $479
$400
5930
LII
81 801
ST!
111 301
144 1401
84 801
73 731
70 701
2101 344 264) 2571 ... 1101001
51
3291
Th
431 421
116 1143
.... 961 00
art ....201.10+
207 208
701 Unq.
113 119
341 34. T.290)
37 361
... u 1032
111 11
35% 35
1201 127
*****
air
Mining
Eenqueta...
41/3 Kailang KRANERAI Tr3.10 Langkats (comb.) ...
z་ Do. (single)
T1.16 Explorations... T5.65 Shanghai Leans
21/.
"Paubs
Tronoh Mines
...247 240812.60 $12.75 12.83/.70 ... 1081 99
+17
487 471
83 80 3:61
384 T.:72
$84
443
681 671
$10,90
$98
$16.80
471 47
codrich Eubber Goodyear Tire & Rubber Granby Great Northern Certificates
***
Hudson Alatora...
+
Ung. 911
45 43
42) 40
178
*
!!!!!
C. Lights (old)......
G.S.A. (San Francisco, 3rd May), HONOLULU, JAPAN sod Sxarabai and EUxors via A (London, 6th May})
LONDON Farosta 24th Apr. & Stats
JAPAN & SHANðal
D.S.A. (San Francisco, and May).
HONOLULE, PAPAN & SHANGRA EUROPANIN NEDAPATAN (Letters&Papers
London 1st May)
FRANCISCO (9th May), HONOLULU
MÁYAN & SHANGHA
Pras. Jeferson
ar.
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 a.m. registered and parcei mails are closed at 5 p.m. on the previous day.
***
Гов
changhai, Japan, Husolalu, 0.8A, Canada, "Central & South America, ana *KUHOPK via San Franc Que. Sún Francisco, 19th June and
KURUPE via Siberis
Pen
DATZ & TIME
[Tuesday, 27th,
Emp. of Russia......
9.30 A
LOU $,80 zm
4.SUT K
Wednesday,
H
Changtu Yan Houten
Demodori Junion
B.. 1,30 a 14
1:30 A
1.30 P.
LARRY Tanan
3,30
KAS
Thursday, 29th,.
JRay. Chichibu Maru Letters 10,30
9.45 ▲
J
4,30 m
1973
Docks, Wharves,
Java via Mazila & Sourabay
Tjibakuk ...
Godowns, ate.
Swatow, amoja ruochow
Las Ning...
$1784
H.K. & K. Wharis... $1781
$179
Manila
$5.95 88.05 5.90/6) $101
Providenta
35 20
35190
caigon'. ...
Pong Tony
H.K. Docks
841
T.13
Shanghai Docks
T.152
T.8
***
New Engineerings
T8.30
Hohow, Pakhoi and Haiphong
***
Hongkewa
Swatow
shanghai
S4 821
Cotton Mills
Baiphong
candaka
1974 27
(T.13
Ewos
T13.70
Aivy
ГА
172 173
T.86
Shai C'tons (old)... T.85
Do.
(new)... T.84
120 120
T.10
Zoong Sings... 210
27 28
Landa, Hotels and
Buildings
H.K. & S. Hotels
$12.55
B.K. Lands
$834
$12.65
484
*Japan a. d #Victoria, BC.—due Victoria
B.C., z4ka Juno....
Froloslave
10.30 AM
Shanghai Lands
at
H.K. Realtys
$11
Friday. Parcels
3015,
Noon
Humphreys
8181
Chinese Estates
Ualoutin via Stmía
Bwatow, Amoy &öockow
Yuensang Hatching....
Letters 100 PX
1+0PM
Public Utilities
$20.40 $201 $20.40
8112
821
H2
$6.10
Peak Trams (old)... $12)
Do.
Tramways... $20.40
$20.40
Straita, Caylon, Indie, Martine, £ &
South africa, aden, gypt an *LUROPE via Maratılmane Mat={ seilies, 30th June
Suwa Maru
Bog
(new)... $6
HH
873
424 42
$85
Star Ferries
$86
67 08 8221
879
#231 $781
Do (new)..... 323)
H.K. Electrics
"#783
$284
$79
... Unq.
27 321
49 Ung.
823
Macao do.
#81
Sandakan Lights...
$13)
Telephones..
$14
T.101
China Buses
111 107) 401 451
10/.
Tractions mile
B/9
***
**
18/0
Do. (pret).r
334 521
100% 109
T10.70
T.11
Onq. 671
$2
847 88
ກ
1771 1752
314 20 811.10
44 432 $16 $16.35
114
Ung. 95
171 171
Paramount Famous Lasky
881 881
部
781 784
18 187
394 881
Public Service of N. Jersey
1154 112 607 48 GÖL 524 834 844
$261 #281
41 39 67 56 122) 121† 118 118 "79 761
$29 31.80
$18
au
$121
$19.40
...88
67 671 50+ 7878 91% 44 43+ 531
701 721 38 411
601.
ung.
International Cement... International Combustion Eng. 10 10 $231 International Harvester
... 108 1024 Internatioanl Nickel International Printers Ink International Products Com.... International Tal & Tel. Kennecott Copper Johns Manville... | Trenger & Toil
Kroger Grocery...
Lambert
Liggott & Myers "B" Ludium Stoel ...
Mack Trucks
Mioari Pacifie Montgomery Ward
New York Central
Nevsds Consolidated Copper
Northern Pacifo Hailway
Pacific Lighting
Packard Motor Car
4
Pesnaylvania Railway...
HIGH GRADE ISSUES WORST Peaaroad Corporation...
SUFFERERS.
(UNITED PRESS,}
Phillips Petroleum
Radio Corporation
Reynolds Tobacco
Sears Foebuck ... Shell Union
New York, May 19-Opening Simmons Company irregularly lower and quiet, the Bouthern California Edison New York Stock Exchange ex- Bouthern Paclile Kailway pericaced a small turnover to-day standard Oil of New Jersey
Standard Gas & Electric HUMPHREYS had quite a good in harmony with Saturday's quiet standard Oil of New York rise, and I understand quite trading, says the daily review of Texas Corporation large number of shares were taken the Dow Jones Financial News Texas Gulf Eulphur
Sales totalled 2,413,920 Timken Boller Bearing of the market at.rising rates be Agency. tween $18.50 and $16.90. Buyers shares
Trans America ... Westinghouse encountered are still anxious to acquire shares
Union Carbide & Carbou in this Company, and I think they siderable selling, being off 2. At Union Pacific Railway... are due for a further rise this week the opening it sold at 175, with a
close of 1791. HONG KONG TRAMS have a small drop to record. Large par- cels were offered and taken up at
*
rates between $0.25 and $20.50.
*
-700
·United Aircraft & Transport... United Corporation United Gas & Improvement in United Dry Docki U.S. Eubber C.S. Stoel Vanadium
Utilities Easier. Utilities were easier, though the Dow Jonca average for 20 issues was off 263 for the day, to 99.43. Westinghouse E. & M.... Electric Bond & Share declined 4 Woolworth STAR FERRIES have buyers atto 99 at the close. Columbia Gas 284 and sellers at 385.1
was down a to 824; Consolidated Gas was off 3 to 198; Public Ser vice of N.J: was off 34 to 112); and Standard Gas was off 5 to 113. Radio Corp, closed at 481; down 24. American Tel. & Tel: was off 11 to 244, and Internatonal Tel. & Tel. was off two points to 624.
CHINA LIGHTS are steady, and I understand a fairly large business has been done in the old shares at $28.75 and in the now At 823.50,
HONG KONG ELECTRICS are a shade easier. after large males at $79.50 to $80. Buyers, however, are not anxious to rush the price up. And at the close of the week were only offering $78 for shares.
CEMENTS After-sales had taken place at $18.40 to $16.60 the stock remained steady throughout the week, with the buying rate round about $16.40.
*
ROPES are easier and shares are available at $8.90, with no bayers in the market.
#
*
Oils were barely steady, Standard Oil of New Jersey opening at 784 and closing at 764, of 91. Standard of New York closed off to 38. Texas Corp. gained a quarter, closing at 57. Continental 'was off 13 to close at 8.
Development of Selling Wave. An hour before the close of the market, a selling wave developed and prices declined after a general sagging and a listless morning Holders who were on the long side became discouraged and sold freely. U.8. Steel doclined nearly five Aginta
professionala hammering U.S. Steel which, closed nt 1082, off 4. Bethichem closed down 13 to 951. Ludlum held at.
241 Uzq. Unq, 1001
£4 33
t
281 Unq,
172 18
177 1724
821 024
EXCHANGE RATES.
[BRITISH WIRELESS SERVICE]
Poria New York Brussels Geneva
Amsterdam Milan Berlin Stockholm Copenhagen
Oslo
Vienna....ti Prague Helsingfors.
RUGBY, May 25.
prom.
147
827
$3.70
Industrials
Caldbeck, (ord.)
Macgregor (pref.)}
Canton Ices
Cements (comb.)... $16,25]
Do
(old)...
Do. (now)...
Ropes
China Sagarrestee
Malabon Sagara...
United Asbestoa
Miscellaneous
Dairy Farms....... Der A. Wings......... Amusementa
Constructions ̧*****
Crawfords
Tobacco... Sinceres (old)........
(new)
Do
Straits, Ceylon, India, Mauritius, Fast &
outh Africa, Egypt & Europe "via) Khyber .... Marseilles -düe Marseilles, 20tu: Junej
Koulous F.O.
Reg."
Shatavara
4.30 PM G.P.Q.
Letters
5.007
duo Y ́N
nowman 2.0. Parcels 420 73 juc,,Jist, 8,00 ▲
Letters 10:00 ▲ m 44.8.0. car,30th, 5.0 ra Flex. 31st, 9.45 a m Letters LUBU▲ » Saturday, 31st,
สเป ม LJUNK ——. Sunday, "..
1.80-PM
Paesday. 3rd, Kowloons U Keg. 10:30 AM Leitor
10.30 a =
U.r.U.
Beg. Letters
11.15 AM Noon
Parcels 11.00 AM
||
Manila
Swalow, Amoy & Fermosa
$18.35
$111
39
$29
81.70
$3.75
** 8114 Watsons $12.40
$3.65 Wm. Powells.........
B. Ind. G.8 Bonds... 88% B.K. Gort, Lean
$108
AMERICAN STOCK QUOTATIONS.
-יי.
LATEST WALL STREET PRICES.
སྤྱོ:༅ཟི་་་ནཱ
H
Pres. Harrison
Hotan Maru
algon, Straits, Cogion, India, Mauritius,
East and bouzh
Airios, Aden, Geni. Metstagar Egypt KUBOPE via Marseillo que Marseilles, 4th Jùy Shanghai Japan, Canada USA Gi * 8. America & *KUKUPE va Van- | couver, B.U-dze Vancouver, B.U., 1st Jans and Europe via Biberia ➡abắp svila 0 2.2, 4th June... Mantis
BAN
***
watow, Away zad Hoochow
X
***
Emp. of Busma
Pras. Jefferson
Manila, Australia (except Places North
of Townsville) and New Zmaisnu via ¦ ¦ Bydney Maru... Brisbane-due Brisbane 19th June
Manila, Sandakan," Australia and New
Zealand vin Thursday Island aus) Thursday Island, 22nd June...
돈으로
MEDI
The following quotations have been received from their cor- respondents, Messrs. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Basscon House, Shanghai, (eable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:----
Tone of Market-Firm.
No. of Shares done.-1,000,000,
Call Money-3 per cent.
American Smolting
Anaconda Copper
Baltimore and Ohio
Tanda
Tenyo Maru
Straits, Ceyldu, India, Mauritius, E.'" & 8.
Africa Aden, Egypt & EUROPE via Ehica Margine-dos Marseilles, 5th Joly
1
Beg.
11.16 A
LCLOTH
100%
Noon
Noon
Thursday, 5th,
Letters 6.00
Friday,
Kaki 415px
6th, Nooa
Reg. 1.45 PM Letters 2.30 FX
Kowloon P.Q.
Parcels
Extter
4.30.M
7th,9,00×
10.00 AM. €.P.0.
10.80 AN
Par, 6th, 5.00 Beg, 7th, 9.45 AM
Efter
Saturday, 7th,
Manila
Pr... Grani
4.30 x
NEW YORK, May 24.
Last Dividend.
perscribed correspondenca-omy.
Latest
Balea.
72
60
123.84
-4.80.
39
34.82
+96
23.12
30c
12.05
Curtis Wright Common
None
92,73
Eastman Kodak
ав
239
20.384
Electric Bond and Share
60
103
18.11 0/16
Erie Railroad
None.
16.101
General Matora
32
18.10
24.464
General Ry, Signal
04
Gold Dust
44
183 29/32
Goodyear Tire and Rubber
83
Granby Consolidated
issing.
Hudson Motors
International Cement
193.10
30.81
Borg Warner
Chrysler Motors
City Service Common
International Nickel
Montgomery Ward
Madrid Lisbon
108.241
Athens Bucharest
675
818
Buenos Airea Bombay Shanghai
127
Radio Cozpr
None
1/5 13/10
Sears Hoebuck & Co.
2D
1/91
-Bimmona Co.
. Hong Kong
1/5 5/16
Standard Oil Co. of New
1.60
Yokohama
2/0
Union Carbide and Carb
260)
81
The selling gained momentum and high grade issues appeared to be
Silver (spot)
184
U.S. Rubber
None.
30.
Silver (forward)
18 9/16
United States Steel
$98.75, and there are sollers in the the market at this rate.
EWOS: After sales were report ed, at Tis. 13.90 ently in the peak
the market alosed with sellers at Tls. 13,60,
ag
WHEN YOU ARE DUE FOR LEAVE
Send a Chit" to 11, Ice House Street.
and order the Hongkong Weekly Prest
be sent to YO
Three months
$3.75
Twelve months
$15.00