12
Money and Markets
GOSSIP FROM THE SHARE MARKET.
TUG-O'-WAR BETWEEN BULLS" AND "BEARS.”
FREE ADVICE
FOR INVESTORS.
Gossip often moves the market, but no investor should either buy or tell on market gossip.only.
заде
Although there was po dropping off in prices during the week, the volume of business transacted was distinctly smaller than it had been for
and fuctuations time either way have been mild.
At the time of writing, there are on all sides rumours of "shorts and there is consequently a section of dealers in local shares who feel that rates must advance between
BOW
and September settlement. On the other hand there appear to be an equally big number of people who feel that the September aettic- ment must be a thing of the past hefore rates will, improve.
That there are people who have old short for September, I have no doubt, but they have cover- ed their shortages during the drop ia prices experienced during August. To believe otherwise is to-play into the bands of those who for their own ends would like to
HONG KONG ROPES-These shares tenched $11.50 during the week, and at this rate a good deal of unloading took place. Towards Saturday the rate dropped to $111 only.
EWOS-There appears to be a cenfict locally as to the true rate at which Ewos are standing. Oa Saturday they were a little over Tls 12 buyers, but inquiries loenly appear to show that there are no buyers as this figure."
A
REPLIES TO READERS."
Every week in this
colunia
"Kutan" 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
also be dealt with..
Correspondents are asked to fil up the coupon appearing elsewhere. nad address their queries to
Kulan,"
care of the Editor of
them.
see the market so up again this paper, and to give their names. advance on present prices would in most cases make the stocks top- and address. It is desirable that beavy, and here again I would like a nom de plume be also included, in order that readers can readily to warn investors not to touch any identify the answers intended for thing that has been "cracked up to them as a certainty. Any rise that may be recorded between now and September settlement will duly subside unless the speculative clement keep extremely active and pex rates at an unnecessarily high figure. Without desiring to create an alarm of any kind, I would go as far as to say that even a drop in prices might be expected before September settlement.
+
*
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:- BILLS-Await letter now in the
post.
*
HONG KONG BANKS During THANKU-1.-My answer is "No""
the week business was done in this stack at $1,470 to $1,505, and there appears to be still a small demand which was unsatisfied at the close... Shares can be placed.. I think," at $1,500. Possibly a little more might even be paid.
UNION INSURANCES-Shares can now fetch $430. This is a slight improvement on the previous week and the encouraging part of it is that there are buyers in plenty.
*
*
جديد
CHINA UNDERWRITERS Shares are wanted, I hear, at $2.85 but none are available:
#
DOUGLASES - This stock has
been going up steadily and has now reached 828.25 buyers.
*
督
*
STAR FERRIES are wanted at $83, but unless buyers come up in their ideas shares are not. likely to be obtained in the market.
KONG HONG
HOTELS im- During proved to $10.80 buyers. the week some business was re- corded at this figure as well as at $10,80. There apears to be a small revival of inquiries for these shares.
HONG KONG LANDS, I hear, were sold at 979 cum rights, and there are more sellers in the mar ket at this rate than buyers.
HONG KONG REALTYS-There is a demand for Realty shares at 30 ex dividend but sellers are hang. ing on in the hope of getting a little hit more. I fear the demand will not be sustained for any length of time.
HUMPHREYS-There now appear to be buyers. at around 815.40, and a few shares were taken up last week at this figure. Probably fur- ther shares can be placed at this figure.
CHINA LIGHTS again Agured. Tery prominently in the week's dealings and fluctuated during the week from 824.23 to $24.75 closing fairly strong. It is difficult to sce whether the "Bulls "
the Bears will win the tug-o'-wat before the settlement.
•
ΟΙ
CEMENTS are now at a shade under 813. During the weak shares. were dealt in at $17.00 to $17,60,
and the market closed with sellers
at the latter figure.,
な
CHINA PROVIDENTS- Busi ness was done at 85.10 to $5.15.and there are many shares offering at these ratos..
HONG KONG ELECTRICS -- Sales took place at $78 but further shares were per
offering at this figure
on the close of the week.
HONG KONG TANDI stock closed at $18.10 after a small. business had been done at a slightly lower figure.
DAIRY FARMS-This stock made n spurt during the week and touch- ed 27.60, but they fell away again at the close of the week and shares i could be had for, $26.50.
no
HONG KONG DAILY PRESS. TUESDAY, SEPTEMBER 9, 1930.
IMPORTS-PRICES
CURRENT.
DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE...
The reports and prless are published as supplied by Importers, and the Chamber cahot accept responsibility for the Auyer Sellers accuracy thereof.
Motala,
Market weak No business of coase quence to report.
IRON AND STEEL
Angles
Sheets (x 8' $7,00) "»
Small round-rods
galvanized
Black Tubos t...Discount 78% o. & 1. 85% 5 Galy, Tubes / Wire Nails, 17-9. .. per picul 19.45-0.70
$400 Galvanized corrugated skta,
24/28 ...per 100 lbs. 240$0.80 $1,000 Galvanized flat sheets, 1/32",
10
per 100 lbs. 26 G1:0.80 Galvanized 9/894x9 per lb. $14.00 Galv. wire, 18/29 per pical 14.50-16.00 Brit. Cont D
B.M., Spot por picul #17.20 $17,40
$231
$28
*****
Canton Insurances.. $970
Union Insurances ... $413
SHAREBROKERS' ASSOCIATION.
t
Bales Nomital
MONDAY. SEPTEMBERS.
Buyers Ballers Bains
FOREIGN MAILS
·RADIO NOTICE.
Individunia and firms are recommended to register their tale graphic address at the Radio Ofee. No charge is made for this.
INWARD MAILS.
Hanki
FROM
FXR
Lou
31,510
HF Banks
$1,500
QUOTATIONS. Continental
£110
Do. (London) ...
|
Steel Nail Boda ...
per plent $8.20
216)
Chartered Banks
£17
£97
Bars (round to 17)..
6.30-3.70
Mercantile Bis "A"
JATA T
$98
SHANGHAI and Swarow
Tjikini *** Kingyuan
9th Sept.
9th Sept
5.30
#14
Do.
BHANGHAI and SwaTow.
Jinkiang
10th Sept.
#1
Bods
1)
5.80
191
Bank of East Asia..
$115
Axor and SWATOW ..
Cremer
10th Sapt
5.25
ΑΚΟΣ Α.
Tulma
10th Sept.
Joints
2.60
Insurances
EUROra ria Susz (Letters and papers,
Plates
6.85
5,30-4.20
8985
Hoops, black steel
7.30
14.50
$21
Underwriters
$1.75 $2.85
U.S.A, CANADa Jaran, and Suanghai)
London, 14th Aug, and parcels,” 7th August)...
Malwa
11th Sept
T.180
North China...............
T180
$445
Japan and BHANGRAI
(Seattle, 23rd August)
Pres. Jackson
12th Sept
fanttia
12th Sept
M.850 Yangtaze Insuranco.
580
SATOOS
Andre Gabon
15th Sopt.
19
་་་
China Fires. *********
$400
H.K. Fires.
$1,000
Shipping
Douglases
巴去
Steamboats
$25
$40
Indos (pruf.)
E
$35
Da.__(def.)
940
90/-
Shell Transports...
83/7
532
*SI
Mining
Benqueta......
30/-
Kailan......................
26,0
JAPAN and SHANGBAI,
U.S.A, HONOLULU, JAPAN and SHANG-) HAI (Baa Francisco, 19th August)... "U.S.A, HONOLULU, JAPAN and SHANGHAI
(Ban Francisco, 29th Aug.) CANADA, U.S.A., HONOLULU, JAPAN andį
SHANGHAI (Vancouver, BC, 4th Sept.)]| Emp. of Japan
***
OUTWARD MAILS.
BEGISTERED 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 p.m. on the previous day.
Sphina
16 h
Pres. Harrison
2uth Sept.
Pres, Taft
Sind Sept.
34th Sept.
Langkate (comb.) ........
7.8)
Do. (single) ****
T14.40 $7,40
Foa
Psx
DATE and TIME
Explorations...seteter
Shanghai Loans ...
7.6
Tronoh Mines
21/
Tuesday, Pih,
Docks, Wharves,
Godowns, etc.
H.K. & K. Whorfs...] $181. Providents
$183
Shanghai, Japan, Honolulu, Canad's, U.B.A.. Central and South America, and *EUROPE via Ban Francisco....... due San Francisco, 1st Oct, and *EUROPE via Siberia
Pris, Madison
8.30 AM
"
++
$5,13
Jayz via Batavia
H.K. Docks
T.118 1.7
Etraits and Calcutta
Tjitarcsa
Eulang
10.80 AX
Parcela Letters
Noon
Bangkok vin Swatow
South Africa vis Lourenco Marques,
and South American Ports
Manila
Fort Bayard, Hoikow, Pakhoi and Haiphong Tonkin Swatow, Amoy and Foochow
Straits, East Africa via Mombass and
1.00 PM 12.30 P N
Bai Ning....
Halios
9.00 x 8.80
Kawachi Maru
4807 X
Pres, Pierce Haldia
430 P
Saigon ...
Shanghai and EUROPE via Siberja
5.00 P
Siberia Maru Siberia MaEN
Beg. Letters
5.00 M
6.00 PM
5.00 M
Kwongsang Ninghai
Wednesday, 10th,
8.30 K
8.80 r
To arrive... Australian-B.E.P.,
Spot
tra
To arriva..."
ZINC SHEETS, 3x4 TIN PLATEA
17.20
17.40 17.80
-17.80-
- 20.00
English I.C.W1 20" x·14”,
100 lbs. Spot.. per box 14.50 34.70 English I.C.W. To arrive" 1430- English I.C.W, 19" x 14","
110 lb. Spat
15.00 1480 English I.C.W., To arrive 1480
Continental. American I.C.W. (Spot) 30" x 14"
100 lbs., 112 shoots per box...No stocks American I.C.W., To arrive 20x14
100 lb, 112 sheats... per box $17.20
Patroleum Products.
WHITE ROSE BRAND COMET BEAND COCK" " EAGLE BRAND
...per balt 6.50 Socort Motox GAROLINA .....per case 10.35 0.49 68 lbs. 9 tias 6.10
J
SILVER LIGHT
CROWN BRAND
CROSS BRAND
23
***
T1.30 T61
!!!!!!
***
British. ***per casa $6.68
$162. $164
6.49
$5.10
85.20
"
6,13
2 tina 6.10
8 i. galla, 68 lbs, balk 5.50 71 lbs. 2 tins 5.84
8. galls. 71 lbs, balt 6.24 LANT GLASS ... SHELL MOTOR SPIZIT
SCAL
Yor Foo
***
T.268
8 tins 5.98 $11.10 $781 Casa 10.35
2 ting 10.10 -bulk 9.60
gallon (ex pump) 1.15
to both question. 2.-I can see
"danger" in transferring KLIPING-No. 2 Lump shares to your name, If you do not do so there is distinct danger of losing any dividend which may he declared. 3.do not advice the change-over just get. Wait a little loager and I feel sure you will be able to do better.'
"
INVESTOR-Since receiving your letter the market has improved somewhat. The general feeling is that the shares will remain under $23 for some time. At what rate did you buy? If you do not show a big loss, get out. Otherwise I advise you to keep for a time. Speculation might drive the
shares up.
+
CIRCE-1. Any big firm that is a member of the Stock Exchange or Sharebroker Association ought to be able to lay their fingers on the latest prices. 2.-Presumably you mean a locally managed Com- If that is the case, there pany? ате попе, 3 and 4.-A full list "can be seen at any big local firm. They can also tell you the "whys' and wherefors" of each Com- pary. If you want to get my confirmation otherwise after seeing them, I shall be glad to oblige..
ΟΙ
•
GRATEFUL-1-Yes, from pre- sent indications. 2-No chance whatever. 3-Yes. It will cost 1 plus the call on the shares, They are worth it, though 4- Market is a bit top heavy at the moment. 3.-That there is no interim is certain. I should not
گرمی
MARKXT-weak. QUOTATIONS:
**
American Patent ...per sack $4.66-4.90
Straight... Cat of Australian No. 1 Canadian Cut off....
$131
• ៖ ៖ ឱះ គឺ
܃ ܼܕ ܃ ܃ ܃ ܃ ܃ ܂
T.7
Water-boats
T.117 Shanghai Docks ...
New Engineerings Hongkesesi Liber
Lands, Hotels, and
Buildinga
***
14
H.K. Besitys $9
Да
883
Public Utilities
Tramways ........................ 415.10. Peak Trams (old)...
Star Ferries
(new)...)
Lighta (old)............| ̈ ¥20
Do.
H.K. Electrics ................ Macao do. Sandakan Lights ...
Telephones (fully pd.)
Do.
(part pl)
China Buses *********
240.
:::
HIDUIN!!!
#39
$75
Do
H.K. & S. Hotels...
$11 H.K. Landa cum.r
ex rights $74 rights $13 T.297 Shanghai Lands...
-879
Гарад
case 6.40
$8.90
TEXACO MOTOR SPIRIT
A
"No. 1 Slack
***
No. 2 Slack
6.20 "10.35 gal. ex pump 1.16. QUOTATIONS. Goals
...per ton $18.00
11.40 T12.15 ." 10,80
$16
387
Humphreya Chinese Patates
*********| $15,40)
$15.40
Swatow
...
Amoy
Cotton Mills
:
Thursday, 11th,
Orimar
***
Bwas
T12.20
Strait
1000 A
***
Deli Mama
T.83
S'hai. Cottons......
1.80
Swator, Amoy and Formoss
Taiyuan
10.30 AM 1.30 #
'2
"
Te
Zoong Sings
F8.30
Amoy...."
G. G. Maurice Leng).
2.00M
Haiphong
Flour
Friday
12th,
Shanghai and EUROPE via 'Siberia
Mala
8.30 A
B.Q., 7th October ...............
Robow, Pathoi noi Haiphong
Japan and Victoria, B.O.-due Victoria, Toscer
Limehow
8.80 M
10.30.M
*{[Parcsia 19.30 P X
*Straits and "Calcutta
$791
Awatow, Amoy and Foochow
Talma ... Hasching
Straite, Caylon, India, Mauritius, East and South Africa, Aden, Egypt and EUROPE via Marseille-dae Mar- seilles, 10th October"...
Mantra
Letters
.. 1:00 PM Kowloon P.O. Parcela 430 M Bog.19th,9.00 : Letters - 10.00 A - G.P.O.
Par 19th, 5.00 Bag, 13th.8.45 am Letters 10.30 AM Saturday, 18th,
9.15
Letters 10.00 AM
Sunday, 14th,
9.00 AM 9,00 A
Tuesday, 16th,
1.00 Kowloon P.Q. Reg. 1.00 M Letters 1,00 PM
BAG,P.O.
Beg
1.45 m
„Letters .....2.20 #N.
"1.80 f
$18.10
$13
8.35-3.75 8.40-4.00
$8.30
$84
4.00.4.20
3.40-9.50
$25
Straight... Mixture ...
8.85-8.45 3101
3.25
$781
$791
วง
ม
2nd Clear...
3.15
623
$11
100,000 bags
$35
40.000
$281
10,000
趨
T.19
Tractions
150,000 bags
19/.
Do (pref.)......
Sundries.
Industrials
Spook!
American
Canadian Australian...
WINDOW GLASS="
Fair average sizon
1/16" thick (18 oz. 37.00) por box $7.50 1/8"
15.75 China, India and Straits Producs. SCGLE
***
Jara Rough White...par pical $7,70-7.08 (Reported sales 5,082 pionls, Spot.) Jaya Rough White...per pical $7.23-7.58 (Beported sales 8,250 pionis. Aug, Oct, Nov, Dee, shipment from
1
Java Eough White...per pical $7.50-8.03 (Reported sales 98,189 picals. To
Artive ex-named steamer.) Java Fine White per pical $7.58-7.9a (Reported sales 3,640 pictls: Spot.) Java Rough Browa...per picul $6.88-6.93
(Reported sales 9,065 picals Spot) Jars Bough Brown...por pical 16.78-700 (Reported sales 11,550 picals. To
sitive ex-named steamer.) Java Molosses... per picul $5.78-0.15 (Reported sales 19,914 picula. Spot.).
will be no final dividend. In any
be surprised to hear that there] case I don't think they will pay
(Continued on next Column.) way more than 25 candarines.
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, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations
Tone of Market-Strong.
No. of Shares done.-1,250,000. Call Money. 2) per cent.
American Smelting Anaconda Copper.... Baltimore and Ohio Borg Warner
Continental Oil
T.10 Caldbeck," (ord.) T10.40 Macgregor (pref.) Canton Icas ******* Caments (comb.)...)
+d
182 111⠀⠀
182811!
$3
$18
17/18
Mantua connecting with
s.s. Nieure Hol-
Reg.
Australia (except places North of Towns-> ville) and New Zealand via Singapore and Brisbane-due Brisbane, 4th Detland at S'pore.
$13
Do
(old).
554
Do.
(DEW)...
$11
11/10 $11
Ropes
$11.90
$1.15
China Bugarskazu
Bangkok via Swatów Swałów, Amoy and Formoss
ரங்ள்
Kaying Qunion Marü
$27
Malabon Sugars ...
$29
$8
United Asbestos ...
-
Swatow, Amoy and Foochow
Basyang ...
Miscellaneous
326.35
$1
Dairy Farms"......
$361
Der A. Wings..
Btraits, Ceylon, India, Mauritius, E. and
& Africa, Egypt and EUROPE Ti Marsailles-dus Marseilles, 18th Oct.
Moralcama
$26
"Amusements
$25
210
Chin, Entertainm'ta.) $10
Constructions
$1.90
81)
$9.85
Lane Crawfords
$1.60
$19
Mackintoshs
Nanyang Tobacco...
$11.60 Sinceros ....
$11
Balgon, Leylon. India, Mauritius,
*East and South Africa, Ades, Sphinx *Egypt and EUROPE via Marseillos -de Marsalles, 18th October
***
$11.80818
$286 Wm, Powells ......... 62.
Watsons.1000===
$12
61%
8% prom
$108
Japan
Bestow ...
Foochow via Swatow
Kowloon PO.
Reg
1.00 PM
Lettars
G.P.O,
1.00 PM
Beg.
Lefters
Loo Shing
Aki Mara..
Cheongshing
1.15 PM 2,00 F M
Wednesday, 17th,
8.20 A 9.30.1
(5.00%
*
B. Ind. G. Bonds...
B.K. Govt Loans
LOCAL AND REGULAR OUTWARD MAILS.
WEEK DAYS.
FROM G.P.O.
FEOX SHEUNGWAN
FROM G.P.O.
SUNDAYS & HOLIDAYS
FROM K SEGROWA Manila
BRANGI
Straits and Caletta Amoy
Hosang Kumsang..
Thursday, 18th, Parool Boon Letters
1,00 PM 6.00 ? 35
fednesday, 24th,
Empress of Japon
· 8.30 .
| BRANCH P.0.
*Superscribed correspondence only.
(7.16 min. &
16.00 p.m.
7,30 2. 7.00 p.12.
NEW YORK, Sept. 6, 1930.
Canton
Last Dividend.
--Latest Salos. 70
3.50
474
ย
102
Macao & Tinnaan
3.
(7,16 m. & 7.30 am, {1.15 pm.
11.80
P.L
1.16 p.m. Sundays
Noas
20
Kongmoon (except Katurdays) Kaukong (except Saturdays).
6.00 p.m.
6.00 p.m. 6.00p.m
Balaban (By Train)
7.15 B.m
Tulo
0.00 ..
Tai Po
300 A
None
83
City Service Common Curtis Wright Common
Eastman Kodak
..............
BB
Electric Bond and Share Tats
General Motors
General Railway. Signal
..Gold Dust
Goodyear Tire and Rubber
Granby Consolidated
International Cement,
International Nickel
Montgomery Ward
Radio Keith Orpheum Sears Roebuck & Co.
46
Ung.
Shumchan
Stanley
Auta, Pingaha
Bantin
2,0.
77,15 am. k) (7.30 am, & 6:00p.m. 7,00p.m. Sundays Bandays (6 pm only | 7,00 p.m.
only
17,16 kxm. &) (7,20 am. &
8.15 m. Lonty
6.00 pan
7.15.1 9,00
10.30 J
1.80 p.m. Sunday 8.30 in. Lonly
6.00 p.m. 1.00 p
FIRST BOOK YOUR PASSAGE
and then send a Chit to 11, Ice House Street, ordering the Weeldy Press to be sent to you for Three, Six, or Twelve Months or longer! Enclose Notes or Cheque for $4, $3 or $16, and
WE WILL DO THE REST.
9.00 .m
11,0 RE
(11,00 A
1.9,00 am. &. £8.00 .
↑ 9.00 am, J 13.00p.m. (12.37 FBL JPJ
Lumdays
B.B0a.m.
1:30 3.27.
144.30 pm
1:00p.m.
"1,000 Duble"
Shatin, Shatzakok and
8.00 până
Sheangahul
4.80
'430' Pulte
Cheap
Voge
24D
Aberdeen
Bimmons Co. h....
Standard Oil of New Jersey.. Standard Oil Co. of New York Uniou Carbide and Carbon United Aircraft and Transport.... United States Rubber United States Steal-
1.00
2.60.
None.
Noo
Salkung...
Namian, Shokki & Taiping
(Yamún)