Money and Markets
GOSSIP FROM THE SHARE MARKET.
FIRMER TONE PREVAILS: TURNOVER SMALL.
FREE ADVICE FOR INVESTORS.
Gossip often moves the market, but no investor should either buy or sell on market gossip only.
REPLIES TO READERS.
Every week, in this column "Kufan" replies to correspondents who may have questions to put re- garding the prospects of any stock quoted in Hong Kong, Shanghai or Singapore, Questions regarding principles, practice, and custom can
The share market showed distinct signs of improvement after the August Settlement but the steady tone was not maintained through out the week and although rates advanced bere" and there, the de-also be dealt with.
·
mand fell away, in some cases, rather badly, by Friday and Satur- day. On the whole, however, the indications are that we should see more improvements in the present month and that there should be an, all round rise before "September Settlement, The extent of the rise, however, depends entirely on speculators, as from an investor's point of view, there is no real rea- son for any improvement at all.
September Settlement, is, from all accounts, the biggest settlement that the brokers have had this year, which means since 1993; as during the years in between there wäs practically no business to speak of. There has been many. ups and downs" in several stocks during the past few months and the effect of the settlement on the prices of a few of the favourite counters of local speculators will be interesting to follow,
+
•
+4
HONG KONG BANKS-A slight improvement was registered and several small lots changed hands at $1,463.
UNION INSURANCES-At $449 cau be probably a few shares placed. During the week under review several lots were sold at this figure and at $441
*
CHINA UNDERWRITERS show- ed an improvement during the week and finished up with buyers offering 890. Quite a number of shares changed hands during the week.
•
*
*
CANTON FIRES have buyers at 290 and HONG KONG FIRES at $1,000. Both are scarce.
· DOUGLASES continue to improve and finished up with buyers offering $28.50 for shares and no sellers in the market.
HONG KONG DAILY PRESS, TUESDAY, SEPTEMBER 2, 1930.
NEW YORK STOCK DAILY SHARE QUOTATIONS
EXCHANGE.
HEAVY SELLING OF OILS:
MARKET CLOSED LOWER WITH TRADING QUIET.
[UNITED PRESS. )
New York, August 5-Decligos of upwards of six points in Vana- dium and Goodyear, combined with heavy selling in the oile, unsettled the New York Stock Exchange after advances early in the session to-day, says the daily review of the Dow Jones Financial News Agency."
The break in Vanadium was due to poor business report, and this stock closed down 6 to 83. Good year closed at 55, off of with Good. rich off to 2 and C.S. Rubber. off a quarter to 90.
Correspondents are asked to fill
Among the oils, Texas Corp. W24) up the coupon appearing elsewhere down to 513; Standard Oil of New and address their queries to Jersey was down 14 to 694; Stan- Kafan" care of the Editor of dard Oil of New York was down! this paper, and to give their namesto 301: Shell Union was of half and address. It is desirable that a nom de plume be also included, in order that readers can readily identify the answers intended for
them
to 143; and Continental Oil was down a point to 158; with Phillips Petroleum likewise off a point to 31,
Decline on the Whols General. Every effort will be made to give
Few issues survived the decline, as full and detailed a reply as and the market closed lower with possible, but no responsibility what trading quiet. Call money remain- ever is admitted by the writer ined at 2 per cent. Sales for the day so doing,
totalled 1,600,230 shares.
Those who have written for in.
formation last week will find an- swers to their queries below:- A.B.C.-1.-Good for investment as Same the retura is steady. remarks apply here, but I think these shares will be cheaper in December. 3-No use at all ae ad investment. Not for a man The shares with small capital. are very good but how many can be bought for $2,500? |
•
*
SUMMERTIME-Yes, I agree with all you write and wish you good luck
*
PROCEDURE-Get your money back at once. You are entitled to it.
*
HONG KONG STOCK EXCHANGE
SHAREBROKERS ASSOCIATION.
Darem" || Beller)], Bates: Nomlast
SATURDAY, “AUGUST 30.
Bayere Ballers Bales
51.470
1,485/87)
8936
19.80
1.180
$440 || $445
$400 $1,00
$281
T.B
$23
៖
U.S. Steel was off a point to 167), and the Dow Jones average for 30 industrials was off 2.00 to 231.62. Bethlehem was off a quarter to 801 American Rolling Mill was down it of 54; Westinghouse E. & M. was off to 144; Eastman Kodak was down 1 to 310; General Electric was off a point to 70; Du Pont was cff 1 to 112; and Johns Manville T260 was of 1 to 83.
Rails and Utilities Lower.⠀ The Dow Jones average for 20 rails was off 43 to 127.14; Pennsyl vania was off half a point to 714; New York Central rose half a point to close at 1601; Erie closed at 377: B. & O. was up to 974; and Union Pacifc closed at 210).
Utilities were also off, by .48 to 83.98. International Tel. & Tel. was off to 44; American Tel. & Tel. was off a point to 9107; Colum-
35
MATHU
******
u
TERRIKE
Hamies
FK Bankstone £1094] Do. (London) 2101 | Chartered Banks £27 || Mermatile BES. “A” £12
Do
$191
Bank of East Asia....
-
nue
$1,46%
FOREIGN MAILS
RADIO NOTICE.
Individuals and firms are recommended to register their tele- graphic address at the Radio Office. No charge made for this.
STKAIS
INWARD MAILS.
FROM
PER
Dus
Order
2nd Sept
SHANGHAI and EUROPE "ris
Insurances
(London, 11th August).
Sarpedon
End, Sept.
·JAPAN
Sydney Mari
nd Bept.
Canton Insurancen.. $965
Underwriters......
JAVA VIS BATAVIA,, Me
$1.85
JACAR
randa
Tiskaring
3rd Sept,
8.2 Sept..
North Chinas
T160
SOUKABATA
Tribesar
3rd Sept.
-Union Insurances-$140
M.350] Yangtázo Insurances
$80
SHAFORAL and Huzor via B
(London, 16th Aug.)
"Oldekerk
4b. 8.pt.
Uhins Fires
$400
JAFAT and SHANGHAI
Kator Maru
5th Bapt
H.K. Fires.....
$1,000)
BHANGHAI
Oldekerk
5th Sept,
HAI (San Francisco, 8th August) US.A., Honolulu, Japas and, SHANG||
Pres. A doo
7th Best
Douglases
Pro. Pierce
8th Bept
Steamboats
St. Albona
8th Sept.
$43
Indos (praf)
Mantra
19th Bopt.
$10
Do. (def.)
87/8
Shell Transporta
Mining
#21
Banquets..
863
Kailana
Langkata (comb)
T.8
Shipping
Water-boats
Do. (single)
Explorations.
Shanghai Losað s Raubs
Godowns, etc.
$283
$214.
Tronch Minea
Docks, Wharess,
$188 $168
HK. & K. Wharfa... $161
$5.20 80.10/20
Providents...
$8.90
HK Docke
T118
Shanghai Docks..
T7
New Engineerings
-
$10.58 $10.70
FLY WHEEL--I do not advise you to buy because there is nothing substantial about these shares. Moreover they are not fully paid.bia Gas was off to 591; Consolidat T1130) T.12. Leare it alone and ignore all talked Gas was off 1 to 1042: Standard of a rise, p
BLUE SKY-Not worth 319 to say nothing of the figure you men tion. No chance of a rise at all.
SAIGON RICE MARKET.
SMALL SHIPMENTS TO HONG
KONG.
Gas was off 1 to 101; and, on the Kerb. Electric Bond & Share was of 1 to 79
Transamerica closed off to 201. Anaconda Copper was off to 44%, with Kennecott off to 34 Gen- eral Motors closed off a point to 44 and Chrysler was off a quarter to 28. United Aircraft was down a point to 61 and Curtiss Wright com- mon was off an eighth to 7.
Exchange Holidays,
The announcement was made to-
The following report, dated day that the New York Stock Ex- August 23, has been issued by the change will be closed on Saturday, ComAugust 30, and Monday, Septem Société Indo-Chinoise de
ber 1. merce, Saigon:-
STEAMBOATS-A small businessThe market has been quiet. No was done at 821.50 to $24.75 and at the close there were still buyers demand at all from foreign coun- at the latter figure. Sellers are tries and/or from France. plentiful but their ideas are round about. 825.
are
STAR FERRIES — Buyers offering $3 for this stock, but the figure does not seem to attract sellers at all and little business can be done uptal buyers come up in their idea.ak
#
Some small shipments have been effected to Hong Kong owing to favourable exchange, also to Singa pore, but on the whole transactions have been poor, temp
Prices however did not recede. They remain firm on for about 7.43 for No. 1 Rice, with few sellers. In fact millers have nearly consum ed their stodes of paddy and ar- HONG KONG HOTELS--There rivals from the interior are still were a few buyers in the marketery emäll. It is dificult to ascer for these shares and quite a good tain the exact quantity of paddy number were sold at $10.60 but at available for export in the interior. the close of business on Saturday,
On the other hand Cambodgia sellers were scorce and probably a padly is beginning to arrive; owing to very favourable weather, early little more will be paid this week.
rice will be marketed sooner than usual. It seems from this that prices must recede for shipment October/December or will not ex- ceed largely the present limits un- less a big demand arrives.
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...
HONG KONG LANDS-There are quite a few inquiries for Lands at $79.50 eum-rights.
HONG KONG REALTYS showed an improvement and were sold for $0.25 and there still is a small de mand at this figure."
HUMPHREYS are quiet with the the quotation standing at $35.40 nominal. Shares could probably be had at 815,
*
CHINA LIGHTS Armed up some what during the week and shares were sold at as high a figure as 891.60. They slid down gradually during the second half of the week and finished up at $24.25. "New
Market closes sellers," with no buyers at the following prices :--
No. 1 Long 25 per cent, and No. 1 found 25 per cent. 123 frane-per 100 ks. 7.95 guilders per Java pikol; 6.25 yen per picul; 10/9 ahillings per cwt.
No. 2 Japan 40 per cent, 119 francs per 100 ks; 7.40 guilders per Java pikol; 6.05 yen per picut; 10/4 Brokens 1 and 2-116 frames per shillings per cost, the 100 ks 7.35 guilders per Java pikol; t.73 yen per picul; 0/303 shillings per cwt. prek Ship August/September F.O.B. Saigon d
shares are wanted at $19.50 Paddy:-Unchanged. Weather is very favourable for new crop which
condition.
CHINA PROVIDENTS were sold is growing everywhere in very good at 89.25 to 86.30 but towards the close of the week they essed off somewhat and buyers were only offering $6.10 for shares,
HONG KONG ELECTRICS atood very much firmer during the week under review and buyers were offering as much as 878 after-sales had taken place at $77.50 to $78.
HONG KONG ROPES A few
$10.00 and $10.70, n
ANGLO-GERMAN MINE OWNERS TO MEET.
QUOTATIONS.
New York, Ang, 28. Market weak Business done, 1,600,230 shares.
Aug. 23 25
254 201 Adam Exprous
***129 1271 American Can....
711 717 American & Foreign Power American American Belling Mill...
Smelting American Tel &
Tel American Tobacco "" American Waterworks... Anaconda Copper. Atlantic Refining
& Ohio. Bothlehem Steel Borg Warner Calumet & Bscla Canadian Pacific Railway Chicago Rock Island Chrysler
HEY
**
Hongkews
Lands, Hotels, and
Buildings
HK. & S. Hotels... $10.60 H.K. Lands Dum. $79 Do., ex righta $73 rights $12
Do,
T.187 Shanghai Lands
⠀
BLUE
#11:⠀⠀
TU
93,7 $31
USA, HONOLULU, JAPAN and SHANG-
AI (San Francisco, 15th August), AosemáLIA, and Manila
Japan and SHANGHAI
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 parcel mails are closed at 8 pm on the previous day.
Гол
26,9
T1440 $7:40
T.1
T6
21/
Manila and Java via Bourabaya
Swatow, Amoy and Foookow...
Oaloutta ris Singapore
Shanghal
K
239
Bamehai and Wachow
T.118
T.7
Manila, Australia (except Thursday Island)
and New Zealand via Brisbane-dné) Erisbane, 16th September.
Straits, Ceylon, India, Mauritios, B. and 8. africa, Egypt and EUROPE Marseilles-ane Marseillas, 1st Oct.' ..... !
Swatow and Amoy
PXB
DATE and TIME
Autolyous
Tuesday, 2nd,
10,30
1,00
1.80 px. 2.30
Trisondari Haiching....
Tacoma Mars
Kong Ning
a
Rag.
4.00 PM 4.167
Sydney Mars
Sarpedon
$702 $701
$75
Cremer
$132
$9.10
H.K. Healtys
Shanghai and EUROPE vis Siberia
Berrima
$9.
Humphreys
$87
Chinese Estates
$15.40
Cotton Mills
Swatow Amoy
Hangsang Teinan
Ewos
T.12
T.83
S'hai: Cotton...
T.91
Zoong Sings
7.30 T9.30
Public Utlifties
$18
$18.
8121
Peak Trams (old)'...
-$12,
Do (DOW).m
584
Star Ferries
893
Wei Hai Wei vin Swatow and Foochow Manila, Bandakan, Australia, cand. New Zealand via Thursday Island - due Thursday Island 20th September “...) watow, Amoy and Focchow Cebu
Lucichow...
Friday,
Tanda
Baiyang
·Nelous
878
H.K. Electrica
FU
$33
Macao do.
$21
Sandakan Lights...
235) #23
(part pd.)
T.19
10/-
19/-
Do.
(prst)
Industrials
$24.40 $24,60
$19
Tramways $18
Crows sold)....... $24.
(LOW)) $18
Telephones (fully pd.)
Do.
China Buses
Tractions in
T.10 Caldbeck, (ord)
T10.40 Macgregory (prof.)
$778
$78
Lettam
Shanghai, Japan, Canada, U.3.A., U. and & America and EUROPE vis. Van. couver, B.O-due Vancouver, B.C.. 19th September
Letters 5.00 PM Kowloon P.O. Rag.4.30 F Letters 4.30PM G.P.O.
Beg. 8.00 P. M. Latters 6.00 PM:
fleg.
5.00 15
5.00 #
Letters 6.00 PM
Wednesday," "Bed,
8,3D ». X- $430PM
Farcela 5.00 v M
Emp. of Canada Thursday, 4th,
Straits, Ceylon, Indië, Mauritius, E, and S.)|
Africa, Aden, Kgypt and EUROPE vai Kotori Maru Marseille-dne Marsgill-n, 8th October!
Tran Hinsang Bremerhaven
#Saparacribed correspondarce only.
Beg 9.15 ▲ Letters 10.00 M
5th.
10:30 AM
Parceli Noon |Letters" +1.45-p-in /
Letters
*£;80 p' »
(1,00 2. 2,00 M
Kowloon P.0.
Reg.
4.30
480
1. G.P.O.
Beg. 5.00
furftars" ~6.00 pw
Baturday, 8th,
8.30
10804M
Noon
Monday, $the
3,000
Tuesday, 9th, Parcels
Noon ||Lettors⠀: 1.00 » M:
་!
19th,
F.O
Friday
Kowloon Parcels 4.30 N | Reg.18th,9,00 4.20
Latters 10.00 ▲. · G.P.O.
Par. 11th, 5.00 Beg, 13th,9.45 Lettera 10.30 an
,6/9
Hoihow, Pakhol and Esiphong Sandakan
Rabaul
Amoy
Tuan Bang
$21
Canton Ices
$17.85
Cements (comb)}...] $17.6 ·
$12
Do
(old).
$13
Straits and Calentta
$54
Do.
(new)...
Swatow, Amoy and Fooohow
Kutsang Hot Ning...
830.70 $10.80 $10.70
Ropes
$10.60
China Sugars
*
***
Malabon SugarS
United Asbestos ........
Miscellaneous
681 64
80 601
...2577 955;
3271
251/26
Dairy Farms ....................
$28
326
454-441
24
81
Der A. Wings..
441
$26
Amusements ****
$25
93 071
$10
Chin. Entertainmīts. $10
$1.85
Constructions
$1,90
823
Lane Crawfords ... $2,70
$10
Mackintoshs
Mati, 941
Nanyang Tobacco...
$11,60
81804
Mutl 178
1812)
173) 284 23
276274 $11.95
rei.
50%
14%
18 124
8%
3
106
191. 184
*** 50.00
Columbia, Gas & Electric Cities Bervice Common... Columbia Graphaphone Commonwealth & Southern Commonwealth & S. Warr. Consolidated Gss of N. Y. Continental Oil... Corn Prodacte Costs Wright,
Com:non Curtis Du Font de Nemours... Eastman Kodak... Elected Bond & Share.... Eris Railway Fox · Film General Electric General Foods General Motors". General Railway Signal Gold Dart
Tiro & Rubber Goodyear Goodrich Rubber Granby Hershey Chocolate International Cement International Combaston Eng International HAYOster International Mickel...
adical Tel & Tel. Johns Manville Kennecott
ennecott Copper Kreager & roll... Kroger Grocery... Taggott & Myers Loem Inc.
Ludlum Steel Montgomery Ward Nevada Consolidated Copper London, August 23. The British New York Central Ministry of Labour has invited the Pacifio Lighting German Mine-owners Federation to Packard Motor an important conference in London Paramount Publix Corp
of
114 112
211 210
82
Mutl. 87+
Math. 771
10%
MatL 221 Muth
821: 833
prem,
Sinceres
Watsons price Wm, Powells.****** B. Ind. G.8.Bonds... B.K. Gort Loans.
Stamp Collectors
Southern California Edison: Standard Gas & Electric
$12
$108
Stralta, Ceylon, India, Mauritius, East】 and South Africa, Aden, Egypt aali EUROPE vis Marseilles-due Mar-! sailles, 10th October
Mantua
Will find an interesting
article in the “Daily
Press" Every Thursday.
Interested In Wireless?
Then look for some
interesting news in the Daily Press next Thursday.
Muth 651
101
23-231
18 141
Standard Oil of New Jersey 100%
Standard Oil of New York 751741 Taras Corporation 18/Mutl Texas Gulf Sulphur.
....
-204
Timken Roller
Ualon Paolis Bailway
BA 91 United Aircraft & Texasps
United Gas & Improvem 4040
Ada Statos Rabber.
terests in order to come to a regula Philips Pe tion of the vexed question of over Pabllo Service Jad HONG KONG AMUSEMENTS time in the mines, à problem which Radio Corporation are wanted at $24 but seleirs are the recent conference at Geneva Raldo Kath Orpheum... holding out for a little more failed to solve. Moreover, an at Boyzokie Tobacco "B"
La Notte Nc tempt is to be made to establish an Bears Roebuck
1615 EWOS No local business was maternational cartel for fixing coal shell Union
25 24 reported and the market closed at prices as a counter measure to Simmons Company
dumping Tl, 11,90 buyers. 2
(Continued at foot of neat column.)
United States Steel
Warne Bros. Pietars Westinghouse .. Woolworth
PROPOSED LOAN FOR CHINA
U.S. SENATOR'S IDEA TO SAVE CHINESE TRADE.
San Francisco, August 25. China
be saved by Americia GovernACTE loan, Senator Key Pittman of 36 Nevada declared to-day in an address before, the Foreign Trade Club Cha
241 He here preparing for the 145 144 opening of the Chian trade confer
601 601 | ence on Wednesday,
EXCHANGE RATES.
[BEITISH WIRELESS BRAVICE.)
Oslo
18.100
Vienna Prague
Helsingfors Madrid
103 15/32/
RUGBY, August 31,
Lisbon
123-7651,
Athens
45.00 $108.25
375535
Brussels! Genere
34.840
10
25.035
Amsterdam
$12.081
Buenos Aires Bombay
Milan Berlin
92.955
Shanghai
620.89
Hang Trong
Stockholmi
18.105
Yokohama
Copenhagen
18.10
16
1/313/16 2/0 Silver, spot & forward" 10}",