Money
and Markets
GOSSIP FROM THE SHARE MARKET.
"BUSINESS STILL RESTRICTED: INFLUENCE OF
SEPTEMBER SETTLEMENT.
FREE ADVICE FÖR INVESTORS.
Gossip often moves the market, | CHINA PROVIDENTS improved but no investor should either buy slightly, and a fair business was o sell on market gossip only, put through at arqund $3.30. The demand, hoviver, has again eased off.
Conditions during the week under review have been extremely difficult. to guage, for whereas the majority of brokers maintain that the mar ket is weak, and that things are not likely to improve so any extens for some time, there are a few who feel just the opposite. These lat
HONG KONG ELECTRICS are en offer at 878.75, but buyers are waiting for cheaper prices before coming in.
HONG KONG TRAMS-Shares sold during the week at
were
|
HONG KONG DAILY PRESS, TUESDAY, SEPTEMBER 16, 1930.
NEW YORK STOCK EXCHANGE.
PARTICIPATION OF PUBLIC IN THE BUYING,
CONTINUED ADVANCE UNTIL THE CLOSE.
[UNITED PRESS.]
New York, September 5-With the market to-day, prices on the Now York Stock Exchange general- ly advanced, says the daily review of the Dow Jones Financial News Agency.
U.S. Steel was strong throughout, and all the pivotal issues were in demand. Steel closed up 31 to 1703. Rubber Doals and Utilities Up.
DAILY SHARE QUOTATIONS
#HONG KONG STOCK
EXCHANGE.
SHAREBROKERS' ASSOCIATION.
Sayur
delfers Saime Nominat
MONDAY, SEPT. 15.
Buysen Ballesw
Nominal
Banks
$1,410
$995 $2.80
T.180
$130
$400
The advance continued until the close. Rubbers, coals, 'tractions and $1,000 utilities all moved upward, with the Dow Jones average for 20 utilities up 1.44 to 88. 10. and American Tel.
Tel, closing up to 215, Inter- national Tel. & Tel. up 5/8 to.42; Radio Corp. up 18 to 40; Columbia
Goodrich Rubber moved up a California Edison up a point to 57. point to close at 23; Goodyear Tire Rubber was up 18 to 52; and U.S. Rabber was up 1} to 201..
ter, I should add, are in the miner-$18.25, and the market closed with Gas up 1. to. 60; and Southern ity, but their optimism is a healthy sige, and probably accounts for buyers offering $19.13 For shares what little business there is doing at the present moment.
without finding any
DAIRY FARMS At $21 30 small business was recorded.
•
SL
The September Settlement is gradually overshadowing the activi ties of the market, and while there
HONG KONG ROPES are quoted is talk on all sides of shorts and others, I think, by this time, pract $11.20. but there are buyers only tically every speculator has co-at a figare very much below this. solidated his position, and there is very little more to be done in the way of catching those who are reported to be manipulating the market.
Stocks that showed improvement during the week were few, and the cloud of depression. over most stocks, according to those in the know," is likely to continue.
Oils revived in the late trading, with Standard Oil of New Jersey up a point to 69); Standard of New York down a quarter to 303; Phil- lips Petroleum up an eighth to 33: Texas Corp. off 3/4 to 51; and Con-. HONG KONG AMUSEMENTS-tinental up 8/8 to 19. At 893 some little business was done in these shares, and at this figure practically all the shares that are offering are being taken up.
REPLIES TO READERS.
Loews headed the amusements. Fox Film "A" closed at 52, up lf. Radio Keith Orpheum was up a point to 33 Warner Bros. was up 3/9 to 31. Paramount-Publix was up 3/4 to 60.
$931 8:25+
$110.
MATILL
ITCHE
LEFLEE
$1,520)
$993
$2.75
£107
$97
H.K. Banks
Do (London) ........ Chartered Banks.... Mercantile Bks. "A"
Do.
Bank of East Asia
Insurances
Canton Insurances. Underwriters
North Chinas..................... Union Insurances $450
-M.#60| Yangtare Insurances
China Fires
H... Fires..........
Shipping
Douglases $32
Steamboats unitems.
Indos (pref).
TH
$40
$35
・Do: (dat.) ..
90/-
Shell Transports...
$34
Water-basta
30/-
Langkats (comb.) .......
T81
291
T1.30 T.61
13
$162
$5.35
435
T
TOTA
Improvement in Trade, Improvement in trade reports Every week in this column helped the mercantiles. From all accounts it would ap-Kufan replies to corresponden The Dow Jones average for 30 pear that there is plenty of mones who may have questions to put re-industrials was up 4.33, with West- available for investment, but those who possess the cash are very caugarding the prospects of any stock inghouse closing up three points to tiore about putting money into quoted in Hong Kong, Shanghai 151, General Electric up 1 to 724; stocks, that have no prospect of or Singapore. Questions regarding Eastanan Kodak up 51 to 2131 311.10 $11.35
American Can up 31 to 130; and advancement except as a result of principles, practice, and custom can
Bethlehem Steel up 1 to $71. manipulation by speculators. Rum also be dealt with.
Rails were also rising, the Dow" ours do not send up prices to-day as they did a few months back,
Jones average for 20 issues being up .33 to 131.32 New York Central which is quite a good sign."
was up a point to 163; Pennsyl vania was up 5/8 to 74; Erie was up 3/8 to 411 Canadian Pacific was off a point to 180; Union Pacific was ap 1 to 218; and B."&" O. was off 3/2 to 100).
"
*
*
•
Correspondents are asked to fili p the coupon appearing elsewhere and address their queries to "Kufan." care of the Editor of this paper, and to give their names HONG KONG BANKS-I under and address, It is desirable that stand shares are wanted at 31,520, a nom de plume be also included, and probably more will be paid in order that readers can readily this weet. At $1,520 a few small identify the answers intended for parcels changed hands. last week. them.
#
•
UNION INSURANCES After business had been done at as high as $455, the market dropped slight ly at the close, and buyers were in evidence on Saturday at $450.
CHINA FIRES, CANTONS, and HONG KONG FIRES are wanted $400, 8085, and respectively $1,000. but they are difficult to ob tain at these figures, as sellers are
scarce.
40
•
CHINA UNDERWRITERS-At $2.75 probably & good number of these shares can be placed as I heard of an enquiry last week for big parcels.
।
DOUGLASES-Shares were sold
at as high as $29.50, and I feel sure any shares offering at this rate will
The demand for? he snapped up. shares continues.
STEAMBOATS Buyers were offering a shade over 995 for these shares, but sellers were asking hall a point over, Probably a little more might be paid by buyers, but their ideas last week did not go as high as $25.50.
STAR FERRIES These shares were a bit easier at the close, and shares were offering at quotations without people falling over, each other to buy them.
HONG KONG HOTELS-There.
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:- STANLEY-1-A, No; B, No; C, No: D, Yes; E, No. 2.-Only D. 3.Watch the quotations 1-1 expect a fall.
|
Sales for the day totalled 1,689,140 shares.
Call money continued at 9 per cept.
Mining
Bengueta...
Kailana "
Do. (single)
Explorations.spre
Shanghai Loans ........ Raubs
Godowns, etc.
$400
$1,000
******
!!!!!!!
#110
FOREIGN MAILS
RADIO NOTICE
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INWARD MAILS.
-FRUS
SHANGHAI
Calcutta, and Bratrs
£12)
STRANS
AUSTRALIA and MANIA.
JAPAN and SHANOBAI
BATAVIA
JAPAN
F160
*
JAYA HE
$60
¥05£
$43
$40
82/3 $81
26/9
T1440 $7.40
T.1
T.6
•
14.
Spring
FXR
Des
Alipore.
18th Sept.
Kumsang...
1th Sept.
·Van Houts
16th Sept.
Aki Maru
18th Sept
16 hent
Libadak
16th Sept.
Asana Maru
17in cept.
Antenor
Stagen
Kashima MCUSA »
18th Sept.
20th Nept
18th Sept
18th Sep
20th Sept.:
21st Sept
22nd- Sept.
24th Sept.
Boxors via Negaratax (Letters only London, $1st Aug. and parcele 14th August)...
Japan and Shandili
STEATTE
14
U.S.A, HONOLULU, JAPAN and SHANG-
HAI (San Francisco, 22nd Augart) AMOT
TTA
-
U.S.A. HONOLULU, JAPAN and SHANGHAL
(ban Francisco, 29th Aug.1... CANADA) 0.8.A, HONOLULU, JAPAN and SHANDRAI (Vancouver, BC, 4th Sept.)
Fushimi Maru,
}} Pru. Harrison
Tyskembang...
Fres. Taft. Emp, of Japan
OUTWARD MAILS.
REGISTERED and PARCEL MAILS are closed 18 minutes sarlier 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 a p.m. on the previous day.
Foa
Manila and Java via Soursbays
Saigon, Ceylon. #india, #Mauritīna,
PAR
DATE and TIME
Tuesday, 16th,
$23
Tronch Mines
14/
Docks, WharysS,
Tikarang
9.00 AM
Kowloon P.D.
H.K. & K. Wharls...! Providents......
$161
35.40
H.K. Docks.............
37
*East and South Africa, Aden, i *Egypt and EUROPE Marseilles -due Marseilles, 18th October
Sphina
Bog.
Swatow and Foochow
Shanghai
Bangkok
Amoy vis Bwatow
T.117 Shanghai flocks...
Nsw Engineeringa Hongkews
[Lands, Hotels, and
Buildings
Straits, Ceylon, India, Mauritius, E. and
8. Atries, Egypt and EUROPE vis Marseilles-dno Marseille, 16th Oct.
H.K. & S. Hotels
$78, 975.
H.K. Lands com.
$11.20
$79
Do,
ex righta $74
$13 T.298
$13)
Do... rights
$13
Shanghai Lands.....
H.K. Realtys ......
89
Shangbai.
$16
Humphreys out***
$15.43 8watow and Amoy
$87
Chinese Estates
Calcutta via Straits
Cotton Mille
T.12
Ewoo
T.82 Shai Cottoasi
38
813.40
DRUMU⠀⠀⠀⠀
QUOTATIONS.
$84
H
New York, Sept. 8. Market firm. Business done, 1,109,270 shares.
A Sept. 5 Adams Express...
261271 ... 1307 182
***
$24.00 $10
$78
687
216
253 2543
2161
Ohio
American Can... American & Foreign Power THANKU-The shares would American Smelting
American Rolling Mill... certainly be attached unless you American Tel. & Tel can prove beyond any doubt that American Tobacco "B" you bought them openly before American Wate
Waterworks... any hint of bankruptcy became Anaconda
Anaconda Copper known. Even then the position Baltimors
Atlantic Refining
the would be far from desirable. Bethlehem
Steel 2-Nothing I can recommend as
Borg Warner an javestment just now. 3.-Not | Calumet & Hecla true; no.
PAD. The dividends declared for
the past five years are as fol lows:-
10 per cent.
*
1925 .1826 ...... nil
*
1927
1923
10 per cent. nit..........
1929
10 per cent.
SAIGON RICE MARKET."
PRICES RECEDE: NO DEMAND,
Canadian Pacific Bailway:
Bock Island
Chicago Chrysler Cities Service Commer... Columbia Gas & Electric Columbia Graphaphone Commonwealth & Southern Commonwealth & S. Warr Consolidated Gas of N. Y. Continental Oil Corn Producta
452 471
1001 1037 871 891 30, 201 131 184 180 182
30..
23. 28
GO 81 18+
132 14 31 37
105 110 194 19⭑
TI" | Zong dings `murin
Püblic Utilities:
Tramways #18.15 Fesk Trams (old)...)
(DOW)
Star Ferries.
Ulights (old)................] $480)
(now).............. 30+
HK Electrica ............ Macao
#11 Sandakan Liglita
Telephones (tully pd.)
(part pd.) 8:21
Do. (pref.)**
DUNETK
Do.
do.
***
.441
T12.30
##!
Japan
Amoy
Straits and Calcutta
Haiphong
“Bwatow, and "Amoy
Amay
که
Amoy
Shanghai Japan, Hozefain, USA.
Canada, Central and South America, I and "EUROPE via San Francisco das San Francisco, 9th Oct., and *EUROPE ria Siberia
Anhui
Monalisa
Bog
<
Letters
G.P.O.
Reg.
2.30 PM
Buichow Persons
Hai Hing
Aki Maru Tibadak....
Hosang
Letters
10.00 A J
1.00 PE
1 G.P.O..
Reg.
1.15 M
|Letters 2:00 » W
·10,80 % - 10.30
11.30
12.30 P ·
Kowloon P.O.
LLnitors Beg, Letters
100 r
1.00 P-
..1.45 M
3.00 P..
Parcela 5.00 DE
***Let, 17th, 8.30AM
Wednesday, 17th,
9.30 AM 10.30 AM Noon 1.00 P= 1.30 r
•1.00 4.80 FM 6,00
Leverkusen Van Heutiz
Shirala...
Parcels Letters
Canton
Haisang nhà
Trinan
Aus Song
Alama Marz
Reg.
6.00
5,00 €
Lark, 18th, 8.30 AM
Chunday, 18th,
8.80
178
Menado Maru
Hoidow, Pakhoi and Haiphong
Hai Ning
8/9
Swatow, Amoy and Fooshow...
Straits, Ceylon, India, Maaritins, Eaxt sady
South Africa, Adeu, Egypt and EUROPE Tia Marseilles duo Mar- sellles, 19th October .....
Hashima Maru Lec, 20th, 9.00AM
Friday, 19th
Kowloos P.O. Beg.
3.00 PX
··4.30 v = ·
G.P.O:
Reg. Letters
Saturday, 20th,
8.45 AM
9.30 AM
8.80 H
5,00 M
Sunday,
21st,
Kwangchow Hozan Maru
9.00 ▲
9.00 AM.
Shanghai, Japan and "EUROPE via Siberia Fushimi Mara.
Kwangtung
፡፡
China Buses
Tractions
19/-
Industrials
T103 Caldbeck, (ord.j
T10.40 Macgregum ¡¡prof.)
***
$3
Canton ices ........] 32.6)| $2.50
**
$17
$12
Coments (comb.)...| 317.70|| $17.30
Do ··(old)...
813
Mutl
351
vo.
lauw)
941
Amoy
Matt 291
***
$11
Ropa ............$10.95 $1L10
$1.15
China Sugar
+44
897
Malabon Bagare
$29
Bangkok via Swatow
Umted Asbestos ........
Swator, Amoy and Forces
Miscellaneous
Manila, Australia and New Zealand
Dairy Farms................
$6.60
Thursday Island
due Tharaday
Taiping
81
Der A. Wings
Island, 4th October
¡Amusement ********* 8251
310
Chin: Entertainm'ta.) $10
$1.90
Lane Crawfords... 33 Mackintoebs........
Thursday Island-due Thursday
Jand, 6th October⠀⠀
Batsvis
$11.60 Sinceros, vananen
Bil
Swatow, Amoy and Foochow
12.90 Watson28
312
$2.35 Wm. Powells
831
. 61,
62
_69 7 2223 931 100 edi es
8%
prom.
B. Ind. G. Bonds... 81% 62% B.K. Govt Lotos...
D
$108
"Swatów..
Mazila
241 255
201
Curtiss Wright, Common Du Pont de Nemours ... Eastman Kodak... Electric Bond & Share...
Eric Railway
For Film
A
General Electric.
General Foods...... General Motors ........ General Railway Bignal" Gold Dust
was a demand for these shares is issued by the Société Indo- Goodyear..
Here
HONG KONG LANDS- again the merkat seems to be a little easier.. One could buy any amount of shares at 879 cum rights last week, but buyers were only offering a shade over 878.
K
Foll
Grocery
10+
119 120+ 2184 2197 82 841 414 401
72€ 744
... 471
451 45
101 Muti.
41142
234 23
The following report, dated Sept. Goodrich Eubber
Tire & Rubber during the week, and rates went up Chinoise de Commerce Saigon Granby to $11.23, but all inquiries were
Prices have continued to recede Hershey Chocolate satisfied and buyers went back to $11 at the close. At this rate, how even more rapidly than during last International Cement... ever, sellers held off, and it is prob-week. This is due to an absolute International Combuston Eng. able that more business will be lack of dimard together with ar International Harvester rivals of paddy larger than pre- International Tel & ToL
International Nickel done this week at about $11.
A viously.
Johns Manville We did not hear of any business
entrecott Copper- effected; quotations and demands received from Java and France, Krones Gro which seem to be the only countries Liggett & Myers "B"" interested, being still below the Loews Inc. best obtaliable prices here.
Ladium Steel
Ward Prospects are however uncertain: Montgomery Wa
Nevada Consolidated Copper New York Central Millers have lost heavily and are. still losing and it must be feared Pacific Lighting
as there will be a Packard Motor Caz, that as soon regular demand they will do their Paramount Publix Corpo utnost to rise the prices. Penarylvania Railroad
Market doses seller" with no Pennroad Corporation...
Phillips Petroleum? buyer at the following prices Public Service of New Jersey
No. 1-Leng 25 per cent. and No,
Radio Corporation 1 Round 23 per cent francs als Keith Orpheum per 100 -7.37 guilders per Java Reynolds Tobacco B pikol yen per pical; 10/- Be Roebuck shillings per cwt...
+
HONG KONG REALTIES At $9 there are many, sellers of these shares, but buyers are offering a quarter below this figure, and the siemand is not particularly keen
HUMPHREYS Small parcels are wanted, I hear, at $15.40 to $16.50. No business has been reported."
EWOS-For a day or two during the week this stock touched Th 12.60, but eased off again at the close and buyers were only offering Tla: 12.23.
+
No. 2 Japan 40 per cent 111 franes per 100 ks.; 7.13 guilders, per Jayn pikol; 3.72 yea per picul; 0/8 shillings per cwt.
Shell Union Simmons Company Southern California Edison Standard Gas & Electric Standard Oil of New Jersey Standard Oll of New Yoric Brokens 1, and 2-107 francs per Text Corporation CHINA LIGHTS Owing to large
Sulphur deals in this stock for September 100 s. 6.64 guilders per Java Tecus Gul Bal 8/- Timken Roller Settlement, these shares are still pikol; 6,35 yen
tenis Amerion feeding attracting the most attention and skillings per con per picul; 8/ every fluctuation is watched with Shipment fob. Sept/October.
Tra Carbide
& Carbon
1681 1684
1813
74-741
·02 612
92 95
78145
·24:25
57 691
1044 1064
69 70 BOB 811
-241-341
. Math #3 ***794801
keen interest. A few cash shares Paddy:Arrivals have, been more craft & Transport ... 62)
a Pacido Eailway...
Gas de Improvement
changed hands at $24.76, and for important and it may be expected
United Staton Rubber: the Settlement as much as $25 was that the fall in prices will lead the paid.
I do not care to predict detenton to give up their stocks United States Steal res which way the quotation will go more quickly. this week, but whatever happens, Crop Prospects are favourable, Warner Bros. Pictures the advance or decline ought to be all districts enjoying very fine Westinghouse E. & M.
weather.
'sali.
Vanadium
Woolworth
871
$25.30 $23.80
$25
**
92 33.15
THIN
$19
Construction
Nanyang Tobaco...
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from thair cor respondents, Mesars, Hayden, Stone & Co., of New York by Mesare. Swan, Culbertson & Fritz, Sassoon, House, Shanghai, teable address: Swanstock," Shanghai), who are not responsible tor cabla mutilations.
The of Market-Steady.
No. of Shazes done,1,000,000. Call Money.23 per cent.
American Smelting
Anaconda Copper Baltimore and Ohio Borg Warner
Continental Qila City Service “Common. Curtis Wright Common
· Eastman Kodak quan Electric Band and Share General Motors
-General Railway Signal
Gold Dust Comen Goodyear Tire, and Rubi Granby Consolidated
International Cement International Nickil Montgomery Ward
Radio Corp
Radio Keith Orpheum
New Youy, Sept. 13, 1930.
Last Dividend
Latest Sales
3.50
Попе
30c A
Nons
None.
Beara Boobuck & Co.
2D:
Simmons Co.
Standard Oil of New Jern
Standard Oil Co. of New
Union Carbide and Carbon.
2.00
United Aircraft and Transpor
United States Rubber
United Stater Stool:
Inq.
Manila, Australia and New Zealand via
Alsula Maru
Tjikembang Haiching
Monday, 2nd, Parcela 5,00 Beg 28rd,0.45 W Letters 10.30 AM
Tuesday, 3rd, Bog.
Letters
8.45 AM
9.80 A M
-10.00 AM
1.000
Wednesday, 24th,
Hopsang Empress of Japan
Kashgar
ribed correspondanos only.
3,80 ▲
5.30
Friday, 26th, Kowloon F.O Parcela 450 Beg 57th,9.00 am Letters **10,00 a ́Y.
G.P.O Par.,36th, 5.00 |Beg,37th,0,45 à |Letters · 10.30 A W
Strait,Ceylon, India, Mauritius, East"
and South Africa, Aden, Egypt and EUROPE via Maravillas-Toe Mars selles, 25th October
YOU KNOW
YOU WON'T WRITE
So better send your old mess-mate
a Weekly Press while he is away. Let us have his Address, and send us, 88.00 and we will send it to him
FOR SIX MONTHS