1929-07-16 — Page 9

ཀ

Money and Markets

GOSSIP ON SHARES.!

WHAT "THEY“ SAY.

14

CANTON TRADE

NOTES.

Over four hundred chests of wol from ares were exported to Hong

FREE ADVICE FOR INVESTORS. Kong on Sunday,"

[BY KUFAN,"]

Gossip often moves the market. but no investor should either bay or sell on market gossip only,

Since my last article, business Fas been fairly slack in the share market, more interest being taken in Shanghai Stocks than anything else, particularly Ewo Cottons. which showed t improvement every day in the week. At the close of business on Saturday, there were boyers of Ewes at Tis. 14.23 for cush, which is the highest point this stock has touched since the "pheavaj of 1923.

Shanghai Cot-.

tons also came into the picture, and closed frm with buyers at The.

Cements were handled in large Barce's during the period under

review, and quite a number changed hands at $8,70 and 88.75 on Friday and Saturday. They are still a good buy for those who like a little speculation,

* Celic

Providents improved during the to $4.30 and 84,33. They beve eased off slightly, however, and on Saturday only 84.20 was being offered by buyers,

Hotels, are beginning to attract attention, and businces was done at From 88.50 to 88.70, but stacked off again at the end of the week There are now sellers at 25.65.

|

*

'THE HONG KONG DAILY PRESS, TUESDAY, JULY 16, 1929.

HONG KONG TRADE. TOBACCO MARKETS.

PIECE-GOODS STILL DULL IMPORTANCE OF CHINA'S

The fortnightly report of the Hong Kong General Chamber of Commerce contains the following references to textile trade-

Cotton Pleca Goods and Fancy Gatton Goods.

The following reports have been

received:-

There is nothing of particular in. terest to record, and new businest transacted since the last report is negligible. Clearances continue poor, and carry over of Light Fan- cies Stocks until next year appear imminent. Cotton is quoted 18.20 The Mid, Am, " Spot," and 16.35 ER.

Sakel.

Prices of both Chinese and foreign flour have advanced a little in Canton and Hong Kong.

*

The rice market is quiet. prices have been irregular and mer- chants are hesitating to buy.

·▪

+

Artiñcial silk has been in brisk some three thousand chests of it demand this year and during June, were imported from America, France and Italy,

Some 1,738 picuts of lychee were hai between the 27th ult. and the exported to Hong Kong and Shang 3th inst. Lychee is exceptionally abundant this year and its price is unusually low.

Minerals, especially tin, are abundant in the mountainous parta of Kwangsi, and General Yu Trok Pak, the Chairman of the Provin cial Government of Kwangsi, is considering the exploitation of the mineral fields in the Province. Tenders will be invited to under- take the task.

The sand brick" industry in Shekwan has done well during re- cent month. There has been a brisk! demand from constructors and the price has risen, from seventy cents to over a dollar per hundred. Sand bricks are made of clay and sand and are more durable than the or dinary clay bricks,

was formerly one of the principal The making of needles and pine industries of Fatshan. But during recent years, this business has been declining on recount of foreign competition. The manufacturers have closed their factories one after the other and up to the present, only a few remain in action.

*

Hong Kong Trains: A few shares changed hands at 818 early in the week and the market inished up

Since the fighting in Kwangsi with $18.80 buyers, with sellers sak ceased, more goods are being sent ing for $19. As I have said before, to Wachow from Hong Kong, I do not anticipate any big change especially sugar, flour and piece until after the interim dividend suckow and Nanning has beer re goods. The river traffic between

sumed as most of the vessels com- mandeered by the Kwangsi, troops have been returned their owncra.

announced.

Banke: This stock was greatly inquired for and had a slight rise. A few sharer changed hands" at $1,280 and there are still buyers at this rate. There is a £3 interim dividend for "shareholders next month,

Unions were dealt in at 8324.50 and $395, and small parcels are Bull sought after, buyers offering $321.

Wharves are wanted at #125 hut without attracting sellers.

Watsone: A few shares changed hands during the week at $11.75 and there are a few small buyers

at this rate.

די

years.

*

Another report states:-There has been a lightly hetter tone in heen done in Greys and Whites and the market, and some business has

been firmer, making business dif Fancies. Manchester prices have cult to arrange.

Clearances have been a little better, but there is room for a great deal of improve, ment.

Woollens,

Some business is

reported as

having been done in Scarlet Blan- kets, and a few lines of micecllane ous goods have been settled.

Cotton Yarn,

י!

During the interval market re- mained stagnant and business entisely neglected Prices have further declined $3 to $10 per hate, Nominal quotations are as follows:-No. 109. 8130-170 No. 19. $170-173; No. 185. $173-190: No. 203. 150-163,

Raw Cotton. Nothing doing.

HONG KONG MARKET .

REPORTS...

Yesterday's quotations for rice and other foodstuffs were as follow: Rice...

Per picul. Common White, Green Seal... 87.67 Commou White, Ching. Common White, No. 3.........

Sheung Tao Broken, Blue Seal Granulated, Black Sea! No.

1 ...

Cargo Rice bran Long Unglutinous, Ching Fa Long Unglutinous, Hung

Hung Tao

LATI

No. 16

Miscellaneous.

Coarse granulated sugar, Coarse granulated sugar,

No. 24 Green Sugar, Manila Brown Sugar, Java Honey, Kit Sha...... Nutmeg, No. 1 Date preserved with honey Nutmeg, New, Deer's horn, Kaa La re only Fishmaw

The demand in China for electric fans. torches and lamps has been steadily increasing during recent

These articles manufactured in very limited quan- tities in China and are largely im- ported from Japan, the Japanese products being more popular, be- cause cheaper, than those from America, Germany or Britain. Ac- cording to the Customs reports,

ver 98,000,000 worth of such goods are imported annually.

*

The colton yarn market is still Humphrey Shares in this Com doing very well as supplies acc pany were wanted at $13.50 and short and demand has been keen although a few shares changed hands, I think a better figure will especially from the country mer-

have to be offered before sellers will appear. I would tip readers to watch this stock, as there appears to be money in it.

A few Electries changed hands at $55.73, but there has been 3ttle inquiry either way,

Rauha appear to be in strong demand, with buyers at 88 did no seliers. A final dividend and bonus „of 1/0d. has just been declared...

chants.

prices rose by three to four dollars. During the week-end the According to Shanghai telegraphic advices, quotations at Shanghai have also further risen by one tael and a half to two taels and over three thousand bales were sold on Friday last. On Sunday the market experienced a set back, but prices are likely to recover.

The Liquidators of the Hong Kong Tug and Lighter Company are paying $2.701, which is rather more than most people expected, ag shares were literally going beg ging a week ago at $2.50-a lack chance missed" by number ofıl

1 people...

Doubter--Yes, go straight ahead. The Company has been paying dividends throughout these lean years, and there is nothing to fear be brought to the notice of one S.0.8. Your suspicions should

of the directors. I am afraid I am not in agreement with the latter portion of your letter.

ANSWERS TO READERS..

F.N.—I do not agree with your friend. "If you study one of the During the past week, a number Company's balance-sheets you will Better try of questions have been received, see how much it owes. which shows the need for impartial something else. I am always will advice. This will be given to alling to advise you on your final readers on the understanding that choice.

to

"

་

Dried Mushroom, Heung

Sbun

METALS.

.7.89 €.67 8.64

|

STOCKS.

["D.P." Special Service:)

Washington, July 1-A specia! harvest of Virginia tobacco is start- ing, with Georgia as the first state coming in.

Tobacco authorities say that the rep is of normal site, compared with those of the last three years, account of wet grounding. but of somewhat inferior quality

The season's prices on new crops are at present not being quoted.

Stocks in China still constitute

an important factor in the export outlook. Reports indicate that China still has from 25,000 to 30,000 hogsheads, much of which was ac- cumulated prior to December of 1928 in expectation of an advance in China import duties which did not materialite.

U.S. MERGERS IN 1929.

BILLIONS OF DOLLARS

INVOLVED.

["D... Special Service]

New York, July 1-Mergers aggregating perhaps ten billions of dollars have been consummated in se different industries thus far in 1929, according to statistics com piled here, in striking evidence of the present trend of American in- dustry toward consolidation.

The fusion of important New

the York banks during Jane heads list, representing some 87,000,0000,000 of the total. Giant utility mergers account for billions

more.

Several dozen airplane companies have united.

The Radio Corporation-Victer Talking Machine merger joined. more than $600,000,000.

American traders are especially interested in bringing about Other recent mergers include Fox normalization of China stocks, pre-bowe and the General Motors with

the Opel Company of Germany, paratory to new shipment.

The Department of Commerce re- Continental is merging with Mar poits that the outlook, as dependland Oil for a total joint capital ing on eperation of foreign owned of $200,000,000. cigarette, factories in China, iş favourable.

The general undertone of trade is more optimistic. Improvement is attributed to the gradual exten sion of a consolidated cigarette tax to additional provinces under the control of the National Govern- ment, thus eliminating the element of tax uncertainty from the situation.-United Press.

IMPORTS-PRICES CURRENT.

וי

The reports and prices are published as supplied by Importers, and the Chamber cannot accept responsibility for the accuracy thereof.

Motala Local market strong. Stocks not so harvy. ION AND SPEELZA

Nail Roda

...per picnt $ 8,70 Steel Bars(round to 1")"

"

Angley

Rods

4.70-5.00 4,45 5.06

Jr

Joista

4.20

Sheets

..5.50)

Plate

8.05

Swedish Bar

11.20

Small round roda

5.05-6.20

3.89

Hoops, black stoel

7.70

2.18

13.10

Tubes,

7.13

76 per

Own

84

8.77

The formation of Commonwealth Southern Fower represents more than 81,000,000,000.

All this, together with action of Governor Franklin D. Roosevelt of New York in opening his attack on Independence Day upon combina tions of capital, is resulting in wide comment and д great deal of market activity.-United Press,

HONG KONG STOCK EXCHANGE.

CLOSING QUOTATIONS.

Juxy 15, 1529. $1,255 bay.

H.K. Banki

Do.. Lozdos...19 zom. Chartered Batiks $19t buy. Kercantile Bank, A. &B...£33 nom.

Do..

0...215 com,

P. & O. Eanks

Fart Aria Baoks......$30, 0. Canton Insurance........$680 10m. Uniem InsuraNDES ....$324 bay.

........ 160 bay. North China Int******* Yingtare Insurances...... M. $50 nom. Chirk Underwriters .....82.10 sel. Ohina Fire Insurances ...$305 buy.

K. Fire Lau, ...

...3770 Dom.

Donglass.......3274 BOLL

H.K. Steamboats....3044 buy, 25 sel, Indo-Chinas (Pref.)......$47 buy. Do (Del.) ......870

Tanized

galvanized Wire Nails, 11-3

par pieni 7.60 Galvanized corrugated akeets,

34.23

per 100 lbs. 246 $7.20 Galvanized fat shoots,

1/32", 1/6

...per 100 lbs. 567 18.30 Galvanized 8/337 49 p. pieni 19.80-Langkats(combined)...... TL 147 buy. Galvanized wire 18/22

Australian-BHP., Spot "To arrive

Bhell Transporta......

93/- nom. Union Waterboats.........$22 nom. Bengoetangyi ter

$3.05 buy. Kailan Mining Admin...65/9 nom

$8 15.00-15.20 E. & K. Wher's..... 9134) bay.

Tranh 18,50-15,60

R.K. & W. Ded$35 sel 15.60-16.00 China Providents...

5 sol. Tl. 168 nom " 50.00

8 8.50

11.20-11.40-

Galvanized wire

7.18

(Japan made)

5,63

per pical -

Do. (ingle) .........The. 81 bay. Bhai Explorations... Shanghar Loans

buy.

LEAD-

5.75

B.M., Spot

28.00

To arrive

14:40-14.00 £

50,00

208.00

168.00

English Yellow Metal

Shoots

520.00

10.00

JAPAN COTTER ---

Slabs

***

w

152.00

lea

་་་

F

ZINC SHEETS, 8x +

Messrs. Pentreath & Co. have

forwarded us the following letter, dated June 19, which they have received from Messrs. Hornby, Hemelryk & Co., Liverpool :-

Copper.

Japan make 20 018. ...

"21.30 WASTE AND OLD MATERIALS " TIN PLATRE:

لے لو

English I.C.W., 20 x 14, 100

lbs. Spot

p. boz 9.20 English I.C.W., To Arrive 0.40-9.50 English I.C.W., 191"14",

110 lbs. Spot

English LC.W., To arrive American I.C,W. (Spot) 20

Hongkows

Do.

Tie, o buy.

New Engineerings Shanghai Docks. ...T. 180 bay. Ewo Cottons..... Tia, 14.30 buy.. 141 sel. Oriental Cottons ... ...Tls. buy. S'hai. Cottons fola) ..............) s. 171 bay. 11. 48 buy. (LOW).... HK. & 8. Hotels.. $8.55

5 buy. IK.

381 Shanghai Lande Tla. 147 bay.

$7.50 buy,

Humphreys Estates.....$13 buy,

EK Tramway!

B.K. Realties

#

9.20-9.40 78 0.50-9.00

14

100 lbs. p. box 112 aboets ...11.70 American LC. W., To arrive 20"x!

100 hs. p. box 112 sheets...11.70 Petroleum Products. WHITE ROSE HRAND ... per case 4.06

3.88

+

The

***

144

8.53

2 tins 8.50

por bulk 2.00

The Standard market has quieten- ed considerably, and after the tem- publication of the May statisties, COMET BRAND porary spurt which followed the values have eased daily. At the Cock same time, the backwardation has EAGLE

BRAND definitely disappeared owing to unexpected pressure of cash sales. ESCONI MOTOR GASOLINE... per case 6.60

Buying of three months for SILVER LIGHT American account has again been CLOWN BRAND 68 lbs. per 2 tins 3.50 noticeable, but no indication is yet

8 i. galla. 68 lbs. per balk 2.90 given of withdrawals of Standard

Cross BRAND

71 lbs, per 2 tins 3.24 from United Kingdom warehouses LAMP GLASS

8 i. galls. 71 lbs par bulk 2.64 per 3 tiris 8.42 for shipment to the United States.

SHELL MOTOR SPIRIT

рет сава 8.00 ..... per 2 tins 6.35 por balk 5,85 ་་

The Electro situation is more or less in a state of unconcern, pro- ducers not pressing sales, whilst consumers are evidently able and TEXACO "SCALE" content to carry on with deliveries against old contracts.

The United States deliveries dur- ing May were the lowest of the year, and it is significant that the chief hope of maintaining Electro values is placed in a revival of European buying.

Our New York correspondenta cable that the market is dull.

Tin,

на

3.89

per gallon (ex pamp) 0.70 "YIM FOR 356 3.83 ***TELACO AUTO GAEDLES" "

Doals. KAIPING-No. 1 Lamp

Nut Coal No. & Lump

No. 1 Black No. 2 Binck

H

Peat Trama (d)}

Do.

Sr Ferries

China

..." $11.80 nom.

......$19 nom.

$6.05

nom. ............. $844 20m. Lights, (old) $134 cel. Do.

(new)...

$18.20 nom.

..$554 bay, 50 sel.

PAL

26 zom

$sel

$7 nm.

H.K. Electrica Macao Electrics

Lights.... Bandakan Telephones......... Unins Bases.......

1.14 bay. Singapore Tractioza..............11/- sal,

Do, (Fret)....20% bay. China Sugars

90 eta, buy. Malabon Hugars .........$27 nom. Canton Ices

Cements (combined)

Do. Do.

22.10 buy, ...$8.65 nom. (old)

......$71 buy. (new) ......$1,40 pom, ......$7 rel. #

FK Ropas.......

United diabertos 35 bay Dairy Farms

Lane Crawfords........

3.62

0.00

Watce s

Der A Wings

$25.00

15,00

$12.85 buy.

$11.80 bay

80 ot, bay.

sil nom

...$13-bay.

Mackintoshs ***.......$18 buy.

Sinceres 11.60 W. Powells.

9.40 H.K. Amusements ......128) nom. 8:70 BLK. Constructions buy

“B'que, Indus. G. Bonus...$67% nom. F. Gast, Loans....7% prom, bay. bay-buyarı: sal—eller; t-ualės

Dom.nomina!

Tour Report. QUOTATIONS:

American Patent ...per Back $3.55

Straight

- 2.85-3,05 Qué off

2,90-3.33 Shanghai Flour Australian No. 1 No. 2 No. 8

t

iff 3.10-8.15

.

TH

2

Canadian Cut of

2.75-2.85

Straight... Mixture...

"er

2nd Clear...

*

Amaricaa "Canadian ... Australisa...

The market has been subject to no great price Auctuations during Do responsibility is therchy incur. Novice-The details you supply the week, business having been red by the writer. Those who have are distinctly contrary to general generally quiet, although the report written for advice last week will practice. I am sending you detais published at the week-end of the find answers their questions showing where you might have formation of an influential Cor- below:

saved money. See a lawyer,. poration with ambitious objects

Curios-I bave heard that the affecting the tin industry caused STOCK Lookste-You should have been charged per cent, and not afteen proposed Stamp Ordinance will not some improvement in values. The cents per share.

That is a stand-be introduced. In any case," don't practical functions of the now Cor- But until you hear more on the poration are not publicly disclosed, ing rule.

but the United States appear to question. O.H.H.-Raubs will go up fur

M.O.W.-Under 'special arrange adopt a favourable attitude towards ther; better wait.

ment you can do anything, but the coccern, and trading there is MARKET: Pirm Freeman-(1) Hong Kong Banks strictly speaking you should have being stimulated. or Unions. (2) I do not recom-cancelled your firm order first. Be Straits shipments this month to mend rhipping shares at the good loser and take the shares, date are about 6,000 tons and look Leakage No. 1 is difficult to like being heavy, whilst Americau. Interested-The question is still answer: I should be inclined to consumption this month will pro- unsettled. The Company you men.

anewer in the affirmative. No. 2 bably show as having passed its therefore calls for the obvious peak, Bo tion have engaged

that June statistics are well-known firm, of solicitors to present their answer. No. 2 does not arise, as not expected to read so favourable the Home authorities. so far it has only been a rumour. as those for May. This market is, Sharee are good at the presenti

All Renders Tell your friends of however, peculiarly indifferent to price, and will certainly not go this column and don't be afraid to statistics at times, and public senti- down even if they do not go up, ask questions. Answers will be ment may find more of promise in given to any question relating to the present situation than appears which they should.

local shares and practice.

on the surface. Singa

mcment.

case

to

1/8

2,70-2.80 *.00

2.55

300,000 bags 250,000 50,000

600,000 big

Bundries, WINDOW GLAS

4th Quality of 100 sq. ft. per box. --- Fair average sizes—

1602 1803 1/16" thick

per box...45·5.70 (27 oz.) " 10.50 China, India and Strafite Produce, Bugan

Java Rough White... par picul8.90-7.80 (Reported sales 44,000 pícnia. Spot) Java Bough White per ploul $6.83-7.18:

(Exported sales 77,550 picula.

arrive daring June, July, Angust, Bapt., Oct, Nov, Doa, 1929.) Jeys Fine White Per picul 37.93-8.09 Java Bough Brown per picat. #625-6.42

(Reported sales 28,047 picals, Spot)/ (Continued on next Columns).

Clerk Better leave $97 DANA 3 pond spot where it is for the moment. While he dealt with. Just write to me, cable that the market is firm and

me again in a few weeks' time.

(Continued on nézt Column).

cape of the Editor.

active, Consumers' buying interest KUFAN. is evident.

To

·Java Rough Brown per "picul $6.20-6.40 (Reported sales 18,875 picals. To arrive during July, August, Sept Oct, 1929.)

Java Molasser... per picnt $6.42-8.03 (Reported sales 22 880 pionls. Bpot) Jaya Crystal No. 25......per pleat 18,48

sales 50,380 picule,

(Botal No. 18......per piqul. $7.85' |

JAYA

(Reported sales 19,990 pizule.) Java Boft White

"pionl

Java Boft Yellow

...per

Java Brown

*

$6.88

(Beported sales 34,960 picule.)

Jara Stroop

per.picul

Hoilo, No. 1

$6.83

per pical (Reported sales 8,410 picula.) Iloilo, No, a

per picai (Reported eales 6,680 picula.) Iloilo, No, 4 por picul

(Reported rales 10,600 pienla,) Hotlo, No. 2

10.43

$6.30

H

16.90

..

No. 5 Manila Brown A

(Emported indes 17,500 picula.) Manila Block... per picul 15.13

(Esported salon 8,000 plenia) Hoihow Brow

per

Bingapore Candy

ploul

(Leported sales 540 picule.)"

Market steady at advanced price

To

No. 1

No. 2

No. 3

$10.00

JAVA-CHINA-JAPAN-

LIJN.

Tel Aireast

JAVALYN Tel Croteal 1974.

ICJL

York Building

Bangkang.

REGULAR PASSENGER & CARGO SERVICE BETWEEN HONG KONG, AMOY, SHANGHAI, MANILA AND THE DUTCH EAST INDIES.

STEAMTES

SOUTH BOUND.

EXPECTED

FROM

O dil BOOT

WILL LEAVE ON

FOR

TJIKINI TJIKARANG TJISAROEA TJIMANOEK TJIBADAK. & Axor 5th Aug. TJITAROEMS

SALL, K'LONG. Io Barbour

& ANOT S'HAL & AKOY 48th July SEAL. & AMOY 25th July

Sea, Kutno. 28th July

& Axor

...S'AI E'LONG. 11th Aug.

& ANOT

16th July, MANILA, D'HUAR,

4 p.. BoERABALA 17th July,

BATAVIA

4p.

27th Jule, BATAVIA

p

30th July, MANTRA, M'ESAR.

P..

4

& SEXANALA 7th Aug BATATTA

4 p.m.

13th Ang MANILA, M'KEAR,

4 pm & BoxKABAZA

NORTH BOUND.

EXPECTED WILI.

LEAVE ON OR LEOUT

STLAKERS

FROM

ABOUT

TJITAROEM TJIBADAK TJISONDARI.. TILEBOET

JAVA, MAKASSAR BATAVIA

BATAYTA

JAVA, MAKASSAR

TJIKEMBANG

BATAVIA

14th July 24th July 3rd Aug. 7th Ang 14th Aug.

FOR

26th July Axor & S'hat. 28th July Axor & S'HAI. 4th Aug. Axor & S'HAI. 9th Aug. Amor & St. 15th Aug AMDT & S'HAL.

EXCURSIONS TO JAVA

KAMODIAN- BANDOENG — PAPANDAJAN- GABOET - SINDANGLAJA -- NGAMPLANG — TJISOEROEPAN-NONGKODJADJAR

WANASABI.

What do these Names mean?

A chain of good hotels in cool, mountain-Resorts in a chain of scenic volcanic mountains in JAVA.

All inclusive tours from 3 to 4 weeks, re- membered for a life-time.

For particulars apply to:-

JAVA-CHINA-JAPAN LIJN.

Agents :-

ROYAL NETHERLANDS INDIES AIRLINES, LTD. York Building.

H

GD]

Telephone C. 1574.

1575.

1555.

Hamburg-Amerika Linie

COMBINED FREIGHT AND PASSENGER SERVIOR, QABIN CLASS, ACCOMMODATION FOR 50 PASSENGERS. FARE FROM HONG KONG TO GENOA-£73. 01.04, OUTWARD.

Sailings from Europe for S'hai, Japan & Northern Ports:-

M.V. "LEVERKUSEN " MV."ERMLAND" MV." BURGENLAN 8.3. "PREUSSEN” M.V, "VOGTLAND" M.V. " DUISBURG "

HOMEWARD.

dae here on or about the 23rd July sue here on or abort the 6th Aug. ... fue hers or about the 16th Aug. ...due here on or about the Sri Sept. ... due here on or about the 18th Sept. dae bere on or about the 27th Sept.

Sailings for Genoa, Rotterdam and Hamburg

via Manila, Singapore, Colombo & Port Said :-

↑ MV. "BÉBINLAND" IMV. HAVELLAND”.

M.V. "LEVERKUSEN MV.ERMLAND" MV.BURGENLAND" 8.8. "PREUSSEN “ ↑ Calling also at Marssïlles.

10

"

sailing from here on or about the 27th July sailing from here on or about the 10th Ang. shiling from here on or about the 24th Aug. sailing from here an ér about the 7th Sept. sing from here on or about the 21st Bapt. sailing from bere on or about the 5th Oct.

For Freight, Famage and further Farticular, pleses apply to

2

JEBSEN & 00

12, Pedder Street,

·Tel, C. 4754.