12
Money and Markets
GOSSIP FROM THE SHARE - MARKET.
SLIGHT IMPROVEMENT PRIOR TO AUGUST
SETTLEMENT.
FREE ADVICE FOR INVESTORS.
HONG KONG
DAILY PRESS, TUESDAY, AUGUST
26, 1930.
THE SILVER MÄRKET.
NO HOPE OF EARLY IMPROVEMENT.
DAILY SHARE QUOTATIONS
HONG KONG STOCK- EXCHANGE.
SHAREBROKERS” ASSOCIATION.
MONDAY.. AUGUST 25.
Buyers Sellers
Balas
20 szta Las
Banks
Thayer Sellers Bale Konta
The outlook for silver is discussed by Mr. W F. Spalding in the curi rons isrue of World Trade, the quar- terly journal of the International Chamber of Commerce, and from this article it is difficult to derive' any very strong grounds for hoping: || 31,495 | 31,440|| that prices will be substantially higher in the near future.
Mr. Spalding, however," puts forward one or two suggestions
which must be borne in mind. He refers to the use of silver in the manufacture of films, stating that although this is likely to become of increased importance, it can hardly yet prove a factor to com- ponsate for the falling off in de-
HONG KONG ELECTRICS have Gossip often moves the murkėt, but no investor should either buy buyers at $76.73, and I understand a few parcels changed hands at this or sell on market gossip only.
4much steadier undertone pre-figure. The market in this stook mand from other directions. Sil appears to be exceptionally steady.ver, he says, is being used more
valled in the share-market during the week oder review, and al- though the volume of business re- oorded was not big, ratés generally were wall maintained, and the in- dications suggest that we may see better rates during the coming week.
The arrival of August Settlement may prove to be the signal for a general improvement in rates. Al ready some stocks are steadying up, and the Bulls" appear to be gaining ground again. The settle. ment that is due to-day is not very big and it is not anticipated that any bitch will develop
Such a large volume of forward business has been done for the however, September Settlement,
HONG KONG TRAMS closed with buyers at $18.50, after sales had been negotiated during the week at $13.40-50..
DAIRY FARMS Daring the week these shares improved again to a buying rate of 893, and many holders of these starts took the opportunity to get out..
*
*
in the arts than it was a year or two ago, and manufacturers of sit- producing more ver plate are articles entirely composed of silver, where a year or two ago such goods were manufactured of an inferior
Mr.
metal with only a coating of silver. It is also suggested that Euro- pean and other nations will, under their coinage laws, begin the long- awaited mining of silver sub- sidiary coins, and this should cause an increase in the demand. HONG KONG ROPES came to Spalding points out, however, that business at $10.70, the buying rate silver producers must still lock to at the close being a Fide less, the Far East for their principal Probably $10.30 will lead to busi-support, and that the greatest hopo neas this week
is that more peaceful conditions will prevail in China proper, and so make for the encouragement of pro- duction and export "trade.
HONG KONG AMUSEMENTS are still offering at $23.
REPLIES TO READERS.
"
that it is feared there may be com plications the effect of which would be very far-reaching. If there are "shorts" in the market in any stock, such actions will be cover
Every week in this column ing their shortage from now on, and this may have the effect of "Kufan replies to correspondents strengthening the position of many who may have questions to put re- stocks. The point which it is im-garding the prospects of any stock portant to bear in mind is this quoted in Hong Kong, Shanghai that it shares ahould go up rapidly, or Singapore. Questions regarding between now and September Settle-1 principles, practice, and custom cas ment-an-eventuality which at the also be dealt with. moment does not seem probable- those who are anxious to invest
Correspondents are asked to fill would do well first to investigate up the coupon appearing elsewhere and address their queries to the cause for the soaring of prices. "Kufao," care of the Editor of If attributable simply to people this paper, and to give their names covering their shortages, then it is
and address. It is desirable that more than likely that as rapidly as they go up, prices will come downa nom de plume be also included, in order that readers can readily agajo,
identify the answers intended for
HONG KONG BANKS-I heard of several small lots which changed Trands at $1,430 to $1,440, and think there are still buyers in the market at about these figures:
*
UNION INSURANCE-There is n. small demand for Unions at 8440, at which figure, I hear, not a few shares have changed hands.
CHINA UNDERWRITERS-DT- ing the week several large parcels of shares were sold at $2.50, and there appear to be buyers in the market at this figure. Sellers are Holding out for a little more. fancy 82.58 might lead to business.
*
I
CHINA FIRES-There is quite a demand for this share at quota- tions, but sellers are difficult to locate. The same remarks apply So the case of Hong Kong Fires.,
•
DOUGLASES There are buyers at $26.50, and as far as I can as- certain sellers are not falling over each other to get out at this rate, Probably more will have to be paid before further sales will take place.
STAR FERRIES--This stock is very steady, with buyers offering $33.
*
+
*
HONG KONG HOTELS-There is a sight improvement in this stock, and sales were negotiated during the week at from $10.40 to: 810.60, the market closing firm with buyers at the latter figure..
"
HONG KONG LANDS-The de- mand for these abares slackened somewhat during the week, and at the close there were buyers in the market who were offering only $77.50, cum rights.
*
HONG KONG REALTIES The week saw buyers reducing their price gradually until at the close only 89 was offered.
HUMPHREYSI heard of a' couple of hundred shares changing hands at $15.40, but doubt whether further business can be done at this. figure, as there seem to be quite a few sellers.in the market
EWOS-Locally quite a number. of Ewes were sold at Tls 12 to Tis. 19.25, but in Shanghai the rate, I hear, went as high as Tls. 12.60 This undoubtedly is due to the "shorts" covering their settlement position. It would be interesting to see whether the demand for shares is kept up for the Septem ber Settlement.:
CHINA LIGHTS-A fair busi nese was done in these shares at rates varying between $23.45 to $24.25, and the market closed firm with a very steady undertone.
them.
Every effort will be made to give as full and detailed a reply as possible, but no responsibility what ever is admitted by the writer in so doing.
Those who have written for in- formation last week will find an swers to their queries below: TUNG - 1.-Good.. 2-Buy cash, "3.-I don't think so. 4. NO.
0.-10.
•
+
STAR.”—I do not anticipate may all Presumably you are fami- liar with the figures of the stock 'you mention in your letter, in which Base all I can say is that if you still want to buy, the pre- sent rate is not high. Regarding your other question, if you can give me some indication of the amount you are prepared to in- vest, I can probably help you. Write me again.
*
CHINA AND JAPANESE COTTON MILLS.
NANKING MAY HINDER DEVELOPMENT;
$2.65
RE
·4527
H.K. Banks
FOREIGN MAILS
RADIO NOTICE.
Individuals and firme are recommended to register their tele- graphic' address at the Radio Office. No charge is made for this
INWARD MAILS.
PIE
FROM
$1,410
U.S.A., HONOLULU, JAPAN ind' Shanghai)
(Bari Francisco, lat Aug.).
Pres. Cleveland
"JAYAN, SHANGHAL and EUROPE via?}
SIBERIS (London, 7th Aug.)... Buzora via Susz (Letters and papers, London, Sist July, and parcels, 24th July)
Angers
Kashyar
***
CANADA, U.8.A, HOBOLULU, JAPAN and
SHANGHAI (Vancouver, B.0,, 7th Ang) ТАРАЯ
Calcutta and Ezmiris SHANGHAI and Amor
mp, of Canada...
La Plata Maru...
Ho Sang Tyisendars
+4
Beni. Meiringer
£100
Do. (London)
E10
Chartered Banks.
Mercantile Bs. “A”
£13t
Do.
Bank of East Asin.
$115
· Insurances -
Canton Insurances.
59-40
Underwriters
8250
1,180
North Chinas.....................
T160
$138
8445
Union Insurances .....
$439
NAIGON
M.650 Yangtare Insurances
$80
JAPAN
$400
***
China Fires"..............
$400
JAPA
$980
H.K. Fires
3966
SQURABAYA 120.
SHANGHAI,
Shipping
Australia and Marila
Douglases
337;
$24.95
Steamboata
$95
$43
Indos (pref.)
$13
Do. (def.) uro.
$40
87/ 382
Shell Transports
13/7
Water.bouts
1281
85+
T.119
**
T.260
Tokyo, August 90.-Mr. Tatsui- chiro Funatsu, former Japanese. Consul-General to Shanghai, who is the Director of the Japanese Cot- ton Spinners' Association in China, 10 was the principal speaker at a luncheon given in his honour yes- terday afternoon at the Industrial Club in Tokyo under the auspices of the Japan Cotton Spinners' Association..
+1
TR
#A
Speaking of the latest situation in China, Mr. Funatsu called the attention of the audience to the fact that the National Government T1230 in China has been paying unusual attention of Inte to the Japanese cotton spinning industry in China. He wamed. the Japanese cotton spinners that they should be pre- payed for the possibility of the $18.20 $18 National Government taking mea- $12, sures to counteract. the growth of 86.20 the Japanese cotton industry in China.
$75
$15
$9,10
11:
Mining
Benquets... Kailansar Langkats (comb.) ....... Do. (single)...
Buildings
H.K. & S. Hotels
HK. Landa etmir
Do
T.87 Shanghai Lands ...
H.K. Kealtys - Humphreys
Chinese Estates
**
$87
Ewas
WIEL
muentr
፧፧፧
#PIDE
!!!
96,9
T14.40
OFAS
1.80 T9.30
D
hip due 35, 10 p..
26th Aug.
26th Aug.
8th Aug.
28th Aug..
38th Ang.
29th Aug.
31st Aug.
1st Sept.
Sydney Maru
2nd Sept.
Tanda
3rd Sept.
Tjibesar
3rd Sept.
Oldekork
6th Sept.
Bt. Albans
8th Sept.
OUTWARD MAILS.
REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 am. registered and parcel mails are closed at 5 pm on the previous day.
For
FZR
Tinalak
*Straits, *Ceylon, *India, Mauritius, East)
Africa via Mombaas, Beira and South Mexico Maru Africs via Lourenço Marques Batavia ...
Fort Bayard, Hohow, Pazhoi and Haiphong Tonkin
Saigon, "Straits, Ceylon, India, Mauritian,
East and South Afrion, Adma, Egypt and EUROPE via Marseillon
- due Marseilles, 9715 September
9.30 AM
10,80 & M. 12.80
Kowloon P. 0.
|Beg. 100 M
Lettare 1.00 PM G.P.Q.
Reg. Letters
Japan, Honolulu San Francisco
South American Ports
3Ligon Amoy
་་
F
Amoy and Fermosa via 3wślow Manila
Saigon. Ceylan, India,
Angora
***
1.45 var
2,80
2.00 r
8,30
M
400 r M
4:30 P
Lyeemoon... Luchow Easyong Pres. Cleveland
Wednesday, 27th,
8.80 AM
10.30 AM 19.30 z
Kaisang
and】
and Gingo Mars
Telemachus Taiyuan CM
Canton ..
14
6,00 1
Thurs
10.30
8.30
DATE, and TINY
T.8$
Tuesday, 26th,
T1.30 T:81
Explorations...*.***
T.L
Shanghai LoanS
T:6
144
Raubs....
3201
$21
Shanghai, Japan, Honolulu, U.S.A..) Canada, Central and South America, | "and EUROPE via San Francisco
Pres. Lixsoln
8.30
Tronoh Mines
21/
due San Francisco, 17th Sept., and
Docks, WharveI,
...“EUROPE ria Siberia
Godowns, eta,
$104
H.K. & K. Wharfs.......) $159
5.30.
Providents ............ $3.20
$5.30
$39
H.K. Docks
siidan
Shanghai Docks...........
1.7
New Engineerings
Hongkowi ..................
Lands, Hotels, and
Straits
Amoy
$10.40
$10.80
Swatow, Amoy and Focobow
Do., ex rights $73
Manila
rights
$15
Swatow...
$9
516.40)
Cotton Mills
TI2.40
T.83
S'hai, Cottona
1.91
Zoong Sings
Public Utilities
Mauritius,
Tramways
$18.40 18.30 33/.40
East and South Africa and South American Port...
Pork Trams (old).......
$12
Swatow, Amoy and Foochow
Hai Ning...?
Do. (new)...
864
Haiphong
$35
Star Ferries.
Amoy
Hosang
$241
8241
$194
U. Lights (old)...............- $24.40
Do.. (new).....
24.251.75
$19
377
H.K. Electrica ..............
$763
BATTLE OF LIGHT CARS
"IN U.S.
$13
Macao do!
411
$11)
Sandakan Lights
$34
Telephones (tully pd.)
Straita, Caylon, India, Mauritius, East)
and South Afrina, Adan, Egypt and "EUROPE vía Marseillas-due Mar-
sellies, 17th September
Kushmir
$22.40
Do. (part pd.)) $22
PLANS FOR BUILDING" FRENCH MODEL. ·
T.184
China Busesaine
Tractions
6/9
18/6
Do. (pref)............
JAN
Anking
[UNITED PRESS.]
Industrials
Amoy
T10
Caldbeck, (ord.)
Swatow, Amov and Formous...
T10.40 Macgregors prof.)
Bangkok via Swatow...
Janion Maru Lalgan
Canton Icea
$21.
.812 302
Do
... Do,
Cements (comb.)... $17.70
(old)... (DOW)...]
813
*Shanghai, Japan, Canada, *U.S.A.0.
***
and S. America and EUROPE vin
Pres. Cleveland
Rex. 110 AN
$10.70
Ropes
$10.63
$1.30
China Sugars PANAS
Victoria, B.C.-dus Victoria, BC, 19th September
Letters
Noon
$27
Malabon Sugara
$29
Noon
#5
United Asbestos...
Tuesday, 2nd
Manila dad Java via Sourabays
10.30. A w
Swatow, Amoy and Fooshow...
-1.00 -M
$25
Manila, Australia (except Thursday Island)
Reg.
4.15
325
$10
$1.80 $21
Chin: Entertainm'ta. Constructions - me
$10
$1,90
Lane Crawfords. $270
Mackintoshs.
Nanyang Tobacco...
$4
$11.95
Watsons Passationa
$12
82.85
W Powella
67'.
B. Ind. G. Bonds. 81%
prema,
H.K. Gort Loans...
$108
AMERICAN
Lansing, Michigan, August 19. Automotive circles were stirred to"
821 day by news that Mr. William Durant, known as one of the finar- $17.00 $17.90 BEGINNER.-1.-Don't buy any dal geniuses of the industry, has unore of this stock. The Com- returned to, active headship of pany's prospects are very moder Durant Motors with a new pro- ate. 2-Buy the former stock,gramme of enterprise.
was made The announcement but don't touch the latter, as they are not fally paid and personally simultaneously that the company I think they are absurdly bigh has arranged to manufacture the 3.I agree with you. 4.-In view Mathis, a French "midget type of the amount of capital you have for this purpose, I should buy 3.
營
•
"
of car.
811
$1
It is expected that the Mathis $25 will prove the first competitor for the new American edition of the
Home-
SIMPLEX-1 From a strictly English Baby Austin, which was
mathematical point of view, the offer is worth $3.75 per share ! -In view of the answer to the first question, I must say "No" bere. 3.-No. De
I would add that it is not likely any dividend can be paid for some time, so that any further invest mens will not be dividend-eam- ing. If at all, any profit coming will have to come through the activities of speculators in the market.
THANKU.-1-There has been a good deal of short-selling" in the market and buyers are merely covering their shortages, so that in reality there is nothing to take up: Does that meet your quos tion ? As regards the cash price for this stock, I cannot recom- mend you to buy them na on in- vestment, but for a
#oped the chances of appreciation are good. 2-Yes, unless you can pay the call and wait a long time. Nothing at the moment. Write. again in a few weeks time.
$11)
recently introduced with new sporty two-passenger bodies and what Easter performance than is
$184 shown by the English models. P
In view of the strong recent trend of the American purchasing public toward automobiles in the lowest and highest price categories, motor 8% manufacturers are particularly in terested in the success encountered by the European cars. Bome yea78 age the effort to sell the cycle- car" to the American public was a failure, but since that time great improvements have been made in light car construction while the in- crease in paved road mileage ren- ders the narrower tread a lest serious objection. Congested city traffic has simultaneously placed a premium on short wheelbase.
EXCHANGE RATES (BRITISH WIELLCHS SERVICE]
RUGBY, August 24.
123.827 4.87
Paris New York Brussela Genera Amsterdam Milan Berlin Stockholm Copenhagen Oslo Vienna Pargue Helsingfors Lisbon Athans .... Bucharest
***
143
9%$
Miscellaneous
Dairy Farmserie Der A. Wings..... Amusements vis
Sincere sustancuzanne
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, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:-
Tone of Market-Firm. No. of Shares tone.--750,000. Call Money.-2 per cent.
American Smelting Ansconds. Copper. Baltimore and Ohio
Borg Warner... Continental Oil ... City Service Common
New Yox, August 23, 1930.
Last Dividend.
•
Latest
Saloa.
€6
3.50
46
Una
Nous
300,
34.861
Curtis Wright Common
Nope
29.054
Eastman Kodak
12.09
Flectric Bord and Share
81
92.091
Erie Railroad
None,
Ung
·20.39:
General Motors
18.12
General Railway Signal
Uing,
18.107
Gold Dust
18.167
Goodyear Tire and Rubber
34.453/
Granby Consolidated
Ung.
104.
International Cement
193 7/16
International Nickel
Mangomaren Bake
Bio
Buenos Aires Bombay
407/16
1/54.
Shanghai
1/7
.
Hong-Kong
1/31
Yokohama
2/01
Silver: spot & forward 16 31/15)
#Nerada feosolidstad.
Radio Corp Seare Roebuck & Co, Simmons Co. had Standard Oil of New Jersey 'Standard Oil Co. of New Union Carbide and Carbo United States Rabbor United States- Stes)
Mone
Berlin's underground traffic was dislocated last Monday for half an hour when a fullgrown chimpanzes escaped from a travelling circus and evaded capture by running for shelter in a subway station where good to tippen he jumped past the open-mouthed CEMENTS fated to maintain guards and disappeared into the their pores of the Arevious week, tuonel miraculously escaping elec and huspeni was done at $17.00 to trocution by the five Talvetrenden $18. At the clone, however, there to avort saates obeh Ahony were sellers at 817.75 with buyers way trains and the unlucky ape bar traffic was stopped and the current only offering $17.60.
switched off whereafter search CHINA PROVIDENTS-After a parties entered the tunnel and after fair number of shares had changed 20 exciting chase cornered and bands at $5.05 to $5.18, the market brought back the boat which was closed with buyers at the latter inone the worse for the adventure in
Berlin's "underworld"
Deli Maru Emp. of Canada...
La Plata Mora
Friday, 29th,
-10:30AM
2,000 2.80 ar
5.00 PX
Koseloon P.0.
Reg. 80th,9.00 K Letters 10.00 M G.P.O.
Par 29th, 5.00 x Beg. 8th 9.45 AM Letters 10.30 a m
Saturday, 30th,
6.00
Bunday, Stat.
9.00 AM 9:00 a 20
SEPTEMBER Monday, Parcela 11.00 AM
Shanghai, Japan and "EUROPE via Biberia Genl. Metsinger.
Tisondari
Haiching
and New Zealand via Brisbane dae Sydney Maru Brisbane, 16th September
Straita, Ceylon, India, Mauritius, E. and
8. Africa, Egypt and EUROPE via Sarpedon Marsailles-dus Marseilles, Lat Ost...
Swatow.
Fooshow vin Brator si
Skangbal, Japan, Canada, U.N.A., C. and↑
B. Amerios and *EUROPE via Van- courer, B.O.-dus Vancouver, B.C., 19th September
Sandakan
Hangsong
Chip Shing
Emp. of Canada
Hinsong
dan Tanda
Manila, Sandakan, Australia and New)
Zealand via Thursday Island Thursday Island 10th September
*Superscribed correspondence only.
Letters 5,00
Kowloon P.0.
Bag 4.30PM Letters 4.30 # M.
Beg
G.P.O.
CA, 15,00 PM. Letters 6.00% M
Wednesday, Sed,
6.00 Parcel 6,00 ̊ Þ M Thursday, 4th, Beg, 9.15 A Letters 10,00 a 20
Friday 5th.
Parcals
10.30 AM Noom
|Letters® 1.45 12:30
Letters
2,80 m
YOUR PASSAGE
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