Money and Markets
GOSSIP ON SHARES.EMENTS in attracted mere
WHAT THEY" SAY,
attention than anything else during the week, and cash shares fetchel 88.80 to 80.13 Bnishing with buyers at $3.03. Quite a number of forwan shares were done, fer- September and October at ratee FREE ADVICE FOR INVESTORS, varying from $0.10 to 89.5. This stock nopears to be a favourite. gambling sterk. I will say an more for the present.
FB KUPAN."1
Gossip often mures the market, but an investor should either buy or sell on market gossip only.
The week ander review was fairis| dull, due perhaps to preparations for the July Settlement, which i fixed for to day. Rutes have bees | fairly we maintained throughout, and there is little change to report. The interest shown by the public in the section devoted to answer for investors indicates the need for One reader who such column. has written this week for certain advice" in the course of his letter says:-" If I gain in the business, I would most certainly allow you 10 per cent. remuneration.
Whan this special share column was started in the Daily Press, it was made vicar that the advice was given by a disinterested party who had no axel of his own to grind. Information is given only after close inquiry and investigation in every available quarter, and al though my "kindly correspondeat meant well. I hästen to assure him that his offer of reward must he turned down, however tempting.
Several readers who have sought advice from the writer have writ ten a second time, and one of them hus sighed himself Grateful." The beet reward I look for is that readers will continue to show in- Levest in this column, and tell their friends of the service available very Tuesday in the Daily Press.
"NEWS FROM, THE MARKET,
HONG KONG BANKS-A few shares changed hands during the weck at $1.265, but on Saturday there were sellers at this rate,
UNDERWRITERS were transact- ed at 81.80 and there are stil! buyers at this figure, but sellers do not appear anxious to part with their shares at less than $2.
DAIRY FARMS touched $20 dur. ing the week, at which rare a few shares changed hands but there was no demand at the end of the werk.
WATSONS - Small parcels are wanted at $12.
REPLIES TO READERS. Carespondents who have written in during the week wil find replies to their queries below. Informa- tion can he given on any matter pertaining to the local Singapore or Shanghai Share market, bat such information is given on the distinct understanding that no responsibility
incurred by the writer. Those desiring information should address their inquiries to: KITAN." are of the Editor. Names and addresses must be included, no evidence of good faith. It is desirable that those asking questions include nom de plume for the purpose of facilitating answers. EXPECTANT The shares are being offered in the market_at 81 without Gading hayers. The Company gather, gradually There is little going to pieces. hops of your being able to realiee anything on. your holdings. PT AND TAKE-I don't advise the course you mention. You will And it difficult to work with a hank overdraft hanging over your Moreover, the market moves too slowly nowadays for
hend.
THE HONG KONG DAILY PRESS, TUESDAY, JULY 30,-1929.
HONG KONG TRADE. DAILY SHARE QUOTATIONS.
TEXTILE BUSINESS STILL «QUIET.
The fortnightly report of the Hong Kong General Chamber of Commerce" contains the following references to the textile trade :-
Cotton Place Goods and Fancy Goods.
The following reports have been received:-
There is no evidence as yet of a general resumption of market acti vity, though small miscellaneous sales, chiefly Light Fancies, con- Smali lots of tinue to be effected. Standard White Shirtings have also been sold, and some inquiry has heen experienced for certain de- scriptions of Dyed Goods at limits which will require revision before $310 business is possible.
mer-
Contingent upon the wage dispute hetween employers and operatives in Lancashire, Manchester chants are now stipulating for strike and ockout clause in all new coa
rllets.
Aterieur Cotton values have Ruc- tunted on weather reporte, latest quotation for. Mid. Am. Spot being 15.0d. Eg. Sakel is slightly higher at 16.95d. than when last reported.
$160
SHAREBROKERS' · ASSOCIATION:
Mercantile Bks. "A"
P. & D. Banks
Do
131983
490
JAVA-CHINA-JAPAN-
LIJN.
“Tel, Audemÿ JAVALYN
Tel. Central
Building
REGULAR PASSENGER & CARGO SERVICE BETWEEN HONG KONG, AMOY, SHANGHAI, MANILA AND THE DUTCH EAST INDIES.
SOUTH BOUND.
HONG KONG STOCK EXCHANGE..
Buyers
Selm
Sale Nominal
MONDAY, JULY 29.
Bayes
Beliora Sales
Nominat
JCJL
Banks
$1,265
H.K. Banks
£197
Chartered Banks......
£39)
£132
"
$90
Bank of East Asia...
Insurances
$630
Canton Ins
$830
$2
Underwriters
$1.90 $
North China
$160
3326
Union Ins......
9396
1350
Yangtare Ins....
$60
China Fires...
$300
[8770
H.K. Fires.....
$770
STEAMERS
From
EXPECTED ON. OR ABOUT
WILL LEAVE OX
ГОБ
Shipping
$574
Douglases
327
|3942
Steamboats
8241.
TJIMANOEK
$47
Indos (pro.)
1370
Do. (def.)
$60 590
AMOY
1:
192/6
Shell Transports
96)
322
Water-bouti
Mining
162/6
Kailans
63/6
„S'AL, K'urso. Ia Harbour 30th July, Maxia, WAJAR
+ pr
TJIBADAK SHAL & Axor 5th Aug 7th Ang.. p.m.
TJITAROEM „S, Krse. 11th Aug. 13th Aug. MANILA, M'KSAN
AXOY
p.m. & SOERABAL
.."
& SOZMABAYA BATAVIA
T.15
Do. (single)... 59
T.3]
Explorations... $14
T.4}
Shanghai Loans
Raube
151
Tronoh Mines ...
18/.
EXPECTED
Docks, Wharves,
STEAMERS
FROM
Godowns, etc.
ON CR
ABOUT
OR ABOCT
Another report states Market remains quiet with a small business 1.91 being done. Some orders have been fixed up for White Shirtings, Cot ton Lawns and Fancies. There has $84 heen some inquiry for Blacks, and 21/ clearances, have hien à little better. Manchester prices have been steady. ur the Lathenshire industry is fac ine the wages dispute, and there may be some uncertainty about until this question is deliveries settled.
Woollens. Nothing to report us regards new business. The next season's goeds are beginning to arrive, but it is
8127
$4,30 83% T.131 x. div. T.7
too early for them to go into con- sumption if any quantity. With the more settled conditions prevail. T.2.30 ipe in South China it is hoped that there will be a good demand.
Cotton Yara.
Raw Cotton, Nothing doing.
T.141
T.77
T.431
your plan to be really effective. Market has been very quiet dur EAGLECO-Do not wait any long-ing the interval and no sales have 88.35
er. Take your profit.and be satis-been effected. Nominal quotations 861 62 Bed. There is little hope of the are as follows:-No. 108. $160-175: 88.3 shares going much higher, and it No. 128. 8170-175: No. 166. 8175-156: $13.40 might prove unprofitable to wait No. 2re, $195-150. too long. Sel out. NOAH-You seem to have paid
bit too much for your shares if you bought them ast week." as you state. However there is no reason to believe that you have been let in," ns shares are now wanted for cash at 88 and the September rate is round about the figure you mention. Better try and get out as your stock is purely sheculative. A small lose now is far better than a big-loss later.
HONG KONG MARKET REPORTS.
Yesterday's quotations for rice food-stuffs other and follow:-
Langkata (com.)... $26
H.K. & K. Wharfs-$197
Providents
H.K. Docks
1832
Shanghai Docks
#138
New Engineering
$7
Cotton Mills
EWOR
T14.40
Orientals
............ T2.35 S'hai Ctons (old)...77
Do. (new)...T42
Lands, Hotels and
Buildings
#211
H.K. & S. Hotels... $8.35 88.45
H.K. Lands
......... 311
H.K. Realtys 89
Humphreys
Public Utilition
Tramways tyr
813
811.80 Peak Trama (old)...$11.80
182
$18.80
$18.20
96.05
364)
Do. (now)... Star Ferries
-184
$13.10
C. Lights (old)333
1813
855.60
33
Electrics
8355
37
Telephones
11/-
Tractions
Industrials
*
Do. (new)$12.85
were
35
$2.10
"Per
Picul
59
9
9.10
$7.70
$1,40
Do.
7.06
$7
Ropes
$27
Reddish Cargo Rier......
UNIONS were done at 8:25 and
Rico, $306, and finished up with buyers.12-My advice to you is to wait.
White. Ching at the latter figure.
attle jonger before buying for Common
Cheung Although come ward shares. stos night, go up between now Common White, Green Seal 755-
7.72 and September, I don't think Commun White, Red Seal there will be any phenomenal rise Common White, Hing Shek
furward purchases, warranting Write in again in a few weeks'
me and I have anything good] Long Unglutinous, Red Seal 7.87
Long nglutineus, Hunk in wind I will pase it on to you
Kum Ou My answer to your second ques tion is Wait untie the dividend Roundish White is paid." There is a good dea of interest, in this cock locally, and prives will surely be main- tained. Thanks for your offer of 10 per cent. My comments at the helfinning of this article are here- by comanended to your notice. SMALL INVESTOR-Nos. 1, 2. a
WHARVES, as predicted, im proved slighshy and closed with kuvers at $127.50.
DOCKS changed hands at 8:2 and 83250, a few hundred shares being taken. To call this a "dead" stock is not far off the mark, as 1 can see no improvement coming long time. There are buyers for small lots at about 32.
For
ib
EWOS for locaj, delivery were wanted at the beginning of the" week at T. 14.30. They 6nished up a strong market at this rate.
***
HONG KONG HOTELS have sellers at $.10 and layers at 8435. In afraid there is nothing in this stock at present.
Miscellaneous. coarse grunnlated sugar, No.
Coarse granulated sugar, No.
2-1
Canton Ices $2.25
Cercents (comb)...so
Do. (old)...$8
(new)...81
Malabon Sugars
Miscellaneous
139.10
829
NORTH BOUND.
WILL LEATE ON
3rd Ang
FOR
NGAMPLANG -
TJISONDARI BATAVIA
TJILEBOET JAVA,MAKASSAR 7th Ang.
4th Aug. Amor & Spa.
9th Aug. Axor & S'HA
TJIKEMBANG BATAVIA 14th Aug. 15th Ang.Axor & S'HAI.
EXCURSIONS TO JAVA
KAMODIAN-BANDOENG-PAPANDAJAN-
GAROET SINDANGLAJA –
-
TJISOEROEPAN NONGKODJADJAR —
WANASARI
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.
7.60
6.40
$123.
Dairy Farms
$19.30
30.80
Der A. Wing *********
$0.50
$26
Amusements ..............
9271
SIA
7.54 0.93
Constructions
812
Lane Crawfords
$1.95
Nanyang Tobacco... 4
York Building.
$12
Sinceres
812
811.90
$1.33
།༄རྞྞ
Wm. Powells
Watsons $12
831
641%%
P. Ind. G. Bonds...
60%
7%, priem.
H.K. Gort. Loan 8107
6.03 .114.00
18.00
6.70
0.00
shares, don't sel: these. Nos, 5. ¦ Youdstar oil,
if you inust sell some of your roundnut oil, Fongtze
#1.50
MELBOURNE HARBOUR.
33.30
7% and 10 are also good! Camellia-mut vil
19.00
26.30
hefore January February, Eried Mushroom, Fa Koc.....220.00
LOAN COUNCIL ADVICE IGNORED.
1930.
I am afraid No, s will nut
reach pre-strike prices, but hold
15.... Nutmeg Honey Black Bean
and are sound investments, and Soy Bean
stocks, and in toy pinion will Green Flax
re
them for the present. If you can
The Melbourne Harbour Trust
be for cash I would recommend CANTON MARKET REPORTS. making a public loan of £400,000.
the buying of more of No. 6 and Ne.. I do not recommend stock, Ne, 9 azninet 6 and 7, although, as I said, they are all good.
COTTON YARN.
—
LANDS are still in demand at RUBBERNECK--The last quota Quotations were:- 261.50 and REALTIES at $8.
HUMPHREYS-After shares had changed hands at 13.55 they closed a little easier, buyers only offering $13.50, at which rate there. appear to be no shares offering. watching.
Worth
bearing interest at 5 per cent.
The issue is at par and the stuck The cotton yarn market is dull will have a currency of 20 years.
firm. bat prices remain
It is confined to Melbourne and has not been underwritten. you mention No. 209. tion on the stock shoes buyers at 86.7% and sellers No. 12. at half a point over. If you are No. 10s, thinking af buying. better wait The
as prices will go down. planted acreage is 9,573, of which
2223 is naturo. GRATEFUL-Not worth it. Take ny advice and wait a few more
Latest
$277-313 232-265 Rac-249
The Trust has a loan of £700,000, maturing in this month. It is un- derstood that the Trust has arrang- RICE.
ed for borrowing £300,000 private The market has improved duringly, and this with the public issue will provide it with £200,000 for its the last few days and prices have
works programme. slightly increased
Per Picul Common White, Kwang-
37.50-13.60 Common White, Anna 9.30-10.60 7.83.8.20 shares were dealt in during the HONGKONGITE The last divi- Cargo Rice, Reddish ... week at 18.50 and finished up
dend paid on the Ulu Yam Tin White Broken weak with sellers at this rate. As
Dredging, Ltd.. was ed., which White Bran predicted, I do not anticipate any
was on July 26 this year. There || charge in rates until the dividend
are buyers at 35/- is known.
"
***
HONG KONG TRAMS-These
STAR FERRIES changed hands
wecke.
at $1 and are still wanted at this CANTON STOCK EXCHANGE price.
CHINA LIGHTS-Quite a nura- ber of cash and forward shares were done at 813 and $33.0 for cash and $13.50 and $13.55 for October.
HONG KONG ELECTRICS are
CLOSING QUOTATIONS.-
CANTON, July 28.
$3.40 Water Works .... Electric Light & Power Co. 2.80 Canton-Hankow Railways The Sun Company...
still wanted at 805.50, but are fairly Sincere Company
hard to get at this rate. I don't
Nanyang Bros. Tub. Co,
....... $3.05- 6.92 3.88- 3.79
SUGAR, Demand for both Chinese and for eign sugar has decreased bat prices have been steady.
No. 2 Coarse granulated..... 88.38 N. Coarse granulated No. 1 Fine granulated
8.05 11.00 9.50 10.00
White sugar, Walchow ..................... Sugar Candy, Walchow Brown, Namkong...
#230.00 7,00 Brown, Poklo
.49 Pullet 97.00 Cock".
...122.00 Hen ..... 4.40 Duck
Goose
think the rate will wraken and Kwangtung Tramways Co... 2.40 buyers they want the shares.
Central-Bank-of-China-
MEAT.
- Per Picul. 884.70-101.80 30.50- 86.70 58.50-77.80 48.30-63.70
52.20 63.70
$28.50. 22.90
Financial circles are surprised that this loan should be doated simultaneously with the issue of the Metropolitan Water Board, Byd- ney. This action has apparently been taken deliberately, as evidence shows there was an attempt to forestall the Water Board loan, which, when the plans were dis covered, was issued at an earlier date than originally intended.
Haphazard Borrowing.
The Harbour Trust is not con- trolled by Government, as are other semi-Government bodies, although it was constituted by a Victorian Act of Parliament, otherwise the State Ministry might have probi. bited the raising of the loan at the present time,
Telephone C. 1574
1575...
1555.
DON'T MISS THIS ULTRA-MODERN FILM!
FAY
OUR DANCING DAUGHTERS
COMING TO THE
QUEEN'S
which have apparently not paid the slightest regard to the conditions in the money market, but have kept themselves purely within the narrow parochial atmosphere of their own undertakings.
SUGAR.
TO
THURSDAY
SATURDAY
CUBAN PRODUCTION:
28, from
Messrs.
Messrs. Pentreath & Co. have This situation has recently forwarded us the following letter, prompted the Loan Council to re- dated June commend the complete co-ordination Hornby, Hemelryk & Co., Liver of borrowing by all local bodies. pool.
The issue by the Sydney Water Prices having fluctuated very Board, with the approval of the sharply during the week end, but Loan Council and under the auspi- yesterday, a decidedly firm tone was
in evidence. cra of the Commonwealth Bank, is in immediate response to this re- commendation.
active, and British Refiners are re- ported to have purchased some 35,000 tons of July-August at 8s./3d. per cwb. from the Cuban Pool. "It is said that the Cuban Pool has about 200,000 tons of sugar still for disposal outside the United States. The Cuban production to the 22nd centrals having ceased grinding. June is given as 5,166,000 tone, al: The market, after touching the previous high levels yesterday, has again lost about 3d. of the advance,"
and it looks as if a further down-
The trade re-entered the Londonward reaction might set in. Market as buyers on Wednesday
Our New York correspondents
The circumstances illustrate the The action of the Harbour Trust last in consequence of which Refia cable that July tenders have been unsatisfactory position which has in declining to recognise the urgenters advanced their prices by 3d. per weighing on the market, although existed in Australia for years in need for placing all Australian evt. Trade in America has, on the they were eventually absorbed by connection with the unco-ordinated financial transactions on a proper whole, been disappointing in spite leading refiners Business-in-Re- borrowing methods of local bodies, ly organised basis is considered a cf good terminal business which has fined sugar is, we understand, dis-
passed. Business in Raws has been appointing. Ten in criticism:
No comments yet.
Private notes are available after approval.