1929-08-15 — Page 9

21

Money

and Markets

HONG KONG SHARES.

MID-WEEK REPORT.

We have received the following report from Mr. H. O. Odell, stock and share broker, of Hong Kong:

The market showed a slight im provement over the previous week, although the volume of business done was still on a restricted scale.

Electrics had a smart rise of four

Shanghai rotton shares have again bee the medium of a large Amount of business at greatly im proved prices,.

H.K. & S. BANK SHARES.

· MISLEADING LONDON

COMMENT.

"Frank Simmery," in his weekly column in the Financial News, of advice to the investor, who thinks about safety arst, and yield and appreciation in the second place only, says this of the Hong Kong and Shanghai Bank:-

Conditions in China havë. I points but other local stocks re-think, been a good deal misunder- mained steady.

stood. It is true that the country is still going through a period of great political uncertainty, but that uncertainty has not had proportionate effect on the coun- try's trade. On the other hand, the prices of Chinese, loans and in the country have been affected. the shares of companies operating

Banks. Have been dealt in at $1,235, with farther sellers.

Canton Insurance.-Are' nominal at $830.

Hong Kong Fires.--Are available at 8785, without attracting buyers.

Unions.-3ales were effected at $326, at which rate there are further sellera.

Underwriters. A few small lots changed hands at 81.90 to $2.10

Steamboats. After a prolonged period of inactivity, these shares are, being inquired for at $24.

Raubs. Are in demand at 98 ex the dividend of 1/- and bonus of Bd. recently paid.

Wharves-Have buyers at 81284, with sales elected at $199.

Provident.-Were taken off the market at 4.35 aid $4.40.

Hotels-Are obtainable at $8.40, with buyers offering $8.35.

Lands. Improved from 159 to 1391, business resulting at interven- ing rates.

Humphreys-Are being inquired for at 813 and higher rates will probably be paid to secure shares.

Realty.-Have buyers at 88, 6x the interim dividend of 30 cents per share, paid on the 12th inst.

Trams. Are on offer at $18.85 Cash and 18.78 August..

Ferries. Are wanted at $84) and can probably be placed at slightly better rate,

Electrics. As the result of per- sistent inquiries, this stock rose steadily from 855 to 850 and at the close, can be obtained at the latter price.

Lights. Have receded from $13.45 to #13 for the Old issue and from 813.30 to 1288 for the New..

Cements (Combined)-Have buy- ers at 88.85 and sellers at $8.05.

Dairy Farms.-Are quiet at 819,75 Amusements.-Can be sold at

8261.

Jr

SHANGHAI MARKET. As predicted in our last report, prices for cotton shares moved up considerably and we still do not Lesitate to recommend baring on every reaction. The price of cotton yarn in Shanghai has jumped about ten tacls per bale during the last ten days, and it cannot be denied that with yarn at this price (about Tla. 170 per bale October), all mills. are doing wonderfully well.

Owing to the Sino-Russian dis- pule, however, there is bound to be a certain amount of uneasiness in

8

THE HONG KONG DAILY

IMPORTS-PRICES CURRENT.

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

Hatala

Market dull. Stocks henry, Inox AND STEEL-

Steal Barn(round to 1")"

.

PRESS, THURSDAY, AUGUST 15, 1929.

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE.

Buyers Sellars

SHAREBROKERS' ASSOCIATION:

Bass Normal WEDNESDAY, Burrs Baller AUGUST 14,

Salon

|JAVA-CHINA -JAPAN-

JCJL

JJN.

Tel Aukljeve.

JAVALYN

Tel Pentral 1574

Do. (London)

Nall Rods

per pical $6,50

Bankr

4.45-3.10

Angles

4.30

$1,995

H.K. Banks

31,235

Rods

4.95

111

Fits

York Building

Joista

4.20

Sheets

8.00

នាទ

Chartered Banks

£10

Hongkong

232

(4' x 8—5.50)

Mercantile Bks."A"

4.95

11.10

Do. Bank of East Asia...

£15

#90

4.95-5.30

5,50

Insurances

22

11.00

67.35%

79.70

8.078

69.95

T160

60.028 64.90

Flates *Swedish Bars

Small round rode. Hoops, black stoo! __galvanised "Black Tubes

Galv.

Steam Tubes

Tube 11

116 ...

...

M

Wire Naila, 11-3 por pical, 7.30-8.30 $310. Galvanised corrugated sheets.

24/28

Galvanized flat sheets,

1/39, 1/6

per 100 lbs, 249 $7.20

per 100 164, 260 18.00

11.40 $24

347+

Galvanized, 3/32x4'x8' p. picul `19,70

Galranized wire 10/22

Galvanized wire 3''x 7′′

Lab

(Japan made) ....per picul --

B.M., Spot

To arriva Australian-BHP., Spot

"To mrziva

English Yellow Metal

Sheeti

Japan make 20 oz. ***

Slabe

+--

Zino Saxire, 8 = 4 WAITH AND OLD MATERIÁLA

TE PLATES:---

**1410-2450

* 14.40-14.80

→ 25.30-16.50

15.30

→ 61,00

$3.10

HH

$765

B: 3:

5630

83

Balis!!

8:126

92/6

.....$1.90

$334

$300

Indos (pret.)

an

Canton Ips............. Underwriters North China Union Ins... Yangtze Ins.. China Fires

H.K. Fires

Salpping

$57 Douglases ....................

Steamboats

Do (def.) 9.30

Shell Transports .... Water-boats..........

Kining

Benquets.

Kailang

Langkats (com.)

Do (kingle) Explorations.

T4 Shanghai Loads

Raubs ***** Tronos Mines

Docks, Whatres,

Godowns, atd.

EKK. Wharf... 8178

H.K. Docka

Shanghai Docks

New Engineerings T

T175 Hongres

€9/8 T.15

T.91

TA

21.50

· 87] ax |dir. 21/-

English CC.W., 307% 147, 100

lbs. Spot

p. ber 8.80

English T.C.W., Trive English I.C.W, 1PF14",

110 the Spot

"The shares of the Hong Kong and Shanghai Banking Corpora- tion appear to me a case in point. In 1825 the shares stood at E151, whereas now they are around £134, at which price the yield is about up capital of the Hong Kong per cent. The issued and paid- Bank is 820,000,000, the present ex- Jaray Corres change rate being about es, 5d. to the Shanghai teel. The shares are of 8125 denomination fully paid, which is the equivalent of around £15 per share. Since the capital was increased to £20,000,000 in 1921, amounting to £8 per share, viz., the bank has paid annual dividends

an interim of £3, a final of £3 and a bonus of 22. During the same period profits have not shown any undue fluctuations. In 1929 net profits were shown at 812,009,404, while în 1927 (a year'

in which conditions in China were by no means satisfactory) the record | Wars Boss Unito profit of $14,239,288 was made. | Cearr BRAND

1928. For

the Amount W21 Cock

BABLE BEAND £13,430,061,

"The fianances of the corpora- tion are, of course, extremely strong. It is true that the "main business of the corporation is eon- nected with China, but the profit record over the last seven years shows sufficiently well that the company's intereats were not seri- SUELL Moros Brit ously interfered with by political conditions"

點

2.50

#

9.30-9.50 2.309.30

1287 $4.35

$129

***

$32

English LC.W, To arrivo American L.C.W. (Spot) 90711V

100 ha. box 112 gheats...11.30 American LO. „To kzzive 20′′x14′′ 100 lbs. p. box 112 hecta...11.50 Petromum Produsta,

*** per caso 4.09

W

棒

J

1.80

8.83

2 tine 3,50

7.17

793

7.48

... per bulk 200

BOCONT MOTOR GABLENE.. per case 6.60

SILVER LIGHT

8.89 T10.80 CROWN BRAND -63 lbs. per i tlat 8,50

8i.

gall. 68 iba, per balk 2.90 Czou BRAND ...71 Ibe per 2 tins 5,24 20 8 i gall. 71 1. per bulk 2.66 LANY GLAS

per 1 tins. 8.42 $8

LA

The difference of £17 in the quota-Tico "SCALE tions is perhaps difficult to under- stand, as the bighest quotation in Hong Kong in 1925 was 81,300 and to-day's quotation is about 81,230, difference of 870, or roughly £7. The extra £10 is due entirely to exchange, which was almost 2-4 in 1025 and is only a little over 1-11 to-day The price of Hong Kong Bank shares has always been_gov- erned by the local market, and the quotations in Sterling given above

are misleading.

The reference to the Sterling ex- change on Shanghai taels is also misleading to those not familiar with the share market. Banks are dealt with in Hong Kong dollars and in sterling, and it is difficult to understand what direct bearing exchange on the Shanghai tsel..can have on the quotations.

CANTON TRADE NOTES.

The salt market has been active, both arrivals and sales being large. The current prices vary from 88.23 to 85.52 per picul..

sold on Tuesday the prices being

the Shanghai market and we would. Some 160 bales of raw silk were caution would-be investors to buy only gradually.

Ewos were done as high as TIA. 17 Cash and Tls. 181 December; Shanghai Cottons (Old) Tis. 94 Cash Tis. 7 September and Tla. 101 December; Zoong Sings Tls. 11 Cash and Tis. 11) September.

As not much is known of the Zoong Sing Mills in this market, we shall be pleased to supply any interested party with reports of this Company...

The Exchange rates for the day

are:-

T.T. en London....... 1/11.1/8. T.T. on Shanghai...... B Next Settlement Day, August 27.

HONG KONG MARKET REPORTS.

3

***

per case 8.0 8694 pez 2 tins 5.85 | 1150

bar per balk 6,45 | 38

per gallon (ex pamp) 0.05 8137

PR!

お

T.17

am

$591

$09

*M!

Providents...

184.30

T137

$630

1996

$60

$241

#44

Ootton Milla

Evice

Shai. Ctons (old)

Doi (new)

T16.90 192 T62

$1

Zoong Sings

$8.35

$564

Lands, Hotels Kish

Buildings

H.K. & 8. Hotels HK Lands

Shanghai Lands

HK Realtys

Humphreys

Çkinèse Extates

Pabile Utilities

Tramways....... 818.85)

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

SOUTH BOUND.

T180

KITECTED

STEAMERS

Frox

$770

ON ON

LHOUT

.WILL LEAVE ON

Foz

17th Aug,

Noon 27th Aug.,

Noor

BATAVIA

Manila, M'EsaË.

28th Aug

Noon

TJISONDARI... ST, & AMor; 15th Aug

TJILEBOET .. S'har, K'Luna, 25th Aug

& ANOT

[TJIKEMBANG S′RAL & Axor 26th Aug. TJIKARANG SHAI, & Amor 5th Sept 7 Se

& SOXKANALA BATAVIA

7th Sept. BasÄ VIA

...SEAL, KLUNG. 8th Sept. 10th Sept., MANILA, M'xaax.

& Axor

Noor & SORANAIA

$97

$50

$90 96/-

TJISALAK

63/6

::::

per case 8.88 Tm Foo **THIAGO ASTO GASOLIN*** *

Goals. KING-No. 1 Lamp, ...

3,62 8.20

$16.00 818.70 $181

Nut Coal

$15.00

[611,80] Peak Trams (old),

$11.80

No. 2 Lamp

1180

26.06

Н

No. I Stack

9.40 $64

Do. (new)... Star Ferries 384$

$8

H

No. 2 Slick

Flour

· 8.70 | 812.80

13/05 $12.85 819.83

Do.

U. Lights (ok)...............$13.

13/.05

(Raw)......812.85

:$59:30

69+/60

H.K. Electrice $69

$591/1

8261

Macro do.

140

F2

3.00-3.80 3.10-3.45

#3)

Sandakan Ligbta ....

87..

Telephones obstara

3.30-3.40

T.14

90/.

9/62

**

Do.

(pre)...]

3.00-3.10 2.96-3.05

Industrials

H

2.80

$2

kans

2.70

220,000 bags

57.70

*** 180,000

30,000

430,000 bags

$5

QUOTATIONS!

American Patent ...per sack $4.07

Straight... Cut off Shangbai Flour Australian No 1 No. 3 No. Canadian Cut of...

Straight Mixture... End Clear...

Stock:

w

American Canadian. Australian...

2

MARKET Firm, but with në sales.

Sundries.

4th Quality of 100 sq. ft. per box 5.55

(Beported sal 2,000 cases.)

Fair Average siz No. 14/16 at H.K.8940 and No.

18 of 18 ba 1/16 thick 13/15 at E.K.813.50 per picul..

per box...5.50 570 1/8

(2) eza,)

18,50 China, India and Straits Produce. STOR

Some 4,025 bales of Chinese cotton yarn were imported between the 6th instant, Over 1,000 bales were exported to the country dis- tricts during that period.

The groundnut oil market in Hong Kong has been dead for months and there is no sign of ira- provement. Prices of recent sup- Flies from Pakhoi and Shuitung. are about 823 per picul.

+

A telegram from Tientsin tates that there has been a financial crisis" in Tientsin recently and that five Chinese pative banks have been closed down while other native banks have been affected.

"Prospects for the 5th crop of silk in Kwangtung are good. In spite of the hot weather, only a very Yesterday's quotations for rice small number of silk-worms have asperished. The current price for other food-stuffs

mulberry leaves is about $2.50 per picul.

and Tullow

White, Green Seal... $10.24

were

Per

Bico.

• Picu!.

White, Black Seal

9.46

White Red Sen! No, 3

White, Green Seal No. 3.

White Broken, Red Seal

€.82 6.73 6.5%

White Granulated; Red Seal 5.89 Long Urglutinous, Ling Taz 7.14 Long Unglutinous, Hung

Kum Ou

Miscellaneous

No. 24 coarse granulated

Bugar p

Brown Buger, Java

Dried Mussels

Small green.

bean

ཚ

7.36

Local tobacco merchants have received news by telegraph from Naming (Capital of Kwangsi) to the effect that producers and dealers have suspended business as a pro- test against an additional duty im posed by the tax farmera.

CANTON STOCK EXCHANGE.

CLOSING QUOTATIONS.

Canton, August 13.

***...*..... $3.50

Electric Light & Power Co. 4.00

87.65

Water Works

6,83

28.00

Canton-Hankow Railway,

8.50

The Sun Company

Scarlet bean

6.00

The Sincere. Company

Groundnut oil, Fongtze

21.50

Camellia-nut oil

10.30

Dried Mushroom, Heung

Shun

Dried Flat Fish, Siu Pin

$140.00 77.00

TH

China Buses......

Tractions

181.40

80.95 897

Canton Ices

Cements (comb)...| 26,80 | €8.00 |

Do (old)... $7.80

Do. (new)... $1

Ropes

United Asbestos...

Miscellaneous

Ching Sugars............

Malabon Sugars ́ ́...

$6.00

៖៖៖ ស្ពៃខ្ល

829

$101 $0.80

Dairy Farms

818.90

Der A. Wings......

180.80

$26

Amusements ...................) $264

$1.55

Constructions

Lane Crawfords

31.96

818"

Nanyang Tobacco...

$19

$24

Java Rough White per pirul 17.08-7.83

(Beported rales 26,000 picals. Spot) 811.90 Jara Rough White per picul $7.20-7.33 (Beported al 23,265 picals. To

Arrive during Sept Oct, Nov, Docs 7 prem. 1829.) Java Fine White ...per pical $7.58-8.30

(Reported sales 8,000 picnia, Spot.)- Java Rough Brown per picul 16.43–6,68 (Reported sales 4,200 picula. Spot.) Jaya Rough Brown per pieni 16.08

825 plculs, To (Heported sales

sive during July. 1920.) Java Molasses - per picul 16.73-6.13 (Beported sales 17,868 pionis. Spot)

EXCHANGE RATES.

(BRITISH WIZELESS BRĪVICE)

Paris New York Brussels Geneva

Manila Berlin Stockholm

Helsingfors

HUGBY, August 13.

123.975

Mackintoshs

Sinceres (old).........................

Do. (new) 89

Watsons

Wm. Powells

* $12

B. Ind. G.8 Bonds....

H.K. Gov Loan... $107

CHILIAN COAL.

TWO BILLION TONS OF

· DEPOSITS.

Chile occupies eighth place in the world's production of coal, coming after America, Britain, Germany, France, Japan, Belgium and Spain, and ahead of Italy,

That Chilien coal may be used to the exclusion of imported fuel, such While Chile is generally noted

as oil, the Government is encourag- for its nitrate and copper resources,ing the development of new centres Government experts have estimated that there is a total deposit of 2,000,000,000 tons of coal in the southern part of the country. In some sections these deposits extend for miles under the sea, and at one point are believed to stretch as far as the Island of Santa Maris, thirty miles offshore.

Caal production in Chile since 1013 has experienced about the fame aps and downs as in Europe

of production and the latest sys- terms of mining. Although there are enormous, deposits of coal in many parts of the country, especi ally in the province of Concepcion, these have not been properly de- veloped for lack of capital and ad- equate tranport.20) Aug

The Government contemplates ex- tensive port improvements in the south, where the coal is mined, and. in the northern part of the coun- try, which consumes a large por tion in nitrate works and copper mines.

4.842

34,85

Amsterdam

$5.205 12.10

92.75

20.355

18.10

Copenhagen

18.21

.18.20

Vienna

34.425

Prague

1834

192

Madrid

Lisbon

33.025 108.90

Athens

375

817.

1/5/25/32 2/41 1/11} 1/113/10 24 6/18 24 7/16.

ment railways in the first zone re-

tons of local annually to producers, fuel.

Bucharest

.49

Rio.

09.00 722.00

4.50

Naayang Bros Tob. Co. Kwangtung Tramways Co... 2,40 China Merchants B.N. Co. 34,00 Central Bank of China ... 48.00 Bank of Communications 38.00

Buenos Aires.

Bombay

Shangbai

Hồng Kong Yokohama Silver (apot) Silver (forward)

Modern machinery

inery to be installed and the United States Decreased

in ports of Northern Chile for dis consumption, has been caused by charging coal will cost $5,500,000 substitution of petroleum for fuel and will be capable of handling in the nitrate plants and increased 2,000,000 tons annually The grea test activity will consist in con- use of electricity in other indus-structing docks adequate for ocean trics Electrification of Govern | steamships. .⠀⠀

The National Railways have ad- opted a policy of using Chilena presented a loss of 80,000 to 100,000 col to the the exclusion of other

11

EXPECTED

BIZAXXXS

Έποτε

ON OR

TJIKEMBANG!

TJINALAK

TJIKARANG

THIBADAK TJITAROEM

NORTH 'BOUND.

BATAVIA

WILL

LRATE ON

ABOUT OR ABOUT

InHarbour 15th Ang Axor & 8’14.

Java,Makamın 21st Aug. 2nd Aug,Alor & S'HAL,

PATAVIA

84th Atg. 25th Aug. Axor & B′EA. BATAVIA 4th Sept. 6th Sepia Axor & SWAL Java,Maxassin 4th Sept 6th Sept, Amor & Shar

JAVA.

THE TROPICAL GARDEN OF EDEN.

Follow this flag on the comfortable steamers of the JAVA CHINA-JAPAN LIJN tó JAVA.

Gorgeous motoring along hundreds Asphalt roads.

miles

Famous Botanical Gardens of BUITENZORG. Smouldering Volcanoes.

Ancient Hindu Burubudur and Mendut Temples. --Native Art and Art Craft-Numerous cool Mountain resorts 3000-6300 feet altitude.

▲ round-trip that takes 3 to 4 weeks to be remembered for a life-time.

For particulars" apply to:-

JAVA-CHINA-JAPAN LIJN.

Agents →→

ROYAL NETHERLANDS INDIES AIRLINES, LTD. York Building.

HDB

R

Telephone C. 1574

1575.

1555.

Hamburg-Amerika Linie,

COMBINED FREIGHT""AND · PASSENGER SERVICE CABIN CLASS ACCOMMODATION FOR 50 PASSENGERS. PARE THOM HONG KONG TO GENOA-GIẾT. ĐÀ OUTWARD.

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

MV.BURGENLAND”

V.V. FETESLAND" 8.8. “PREUSSEN“. M.V. VOGTLAND **** MV.“ DUISBURG “ MVBAUERLAND"

HOMEWARD.

due here on or about the 15th Ang dae here on or about the 17th Ang. dar here on or about the 4th Sept dus here on or about the 18th Sept due here on or about the 27th Sept due hire on or abort the 15th Oct,

Sailings for Genos, Rotterdam and Hamburg via Manila, Singapore, Colombo & Port Said

+KLY. LEVERKUSEN miling from here on or about the 25th Aug.

MY. “ERMLAND .....

Desaling from here on or about the 7th Sept +K.V. "BURGENLAND" gaifing from here on or about the 31st Sept.

́SA, "PREUSSEN”. MV. VOGTLAND" SKV. "DUISBURG "

81]

Calling also at Oran

ailing from here on or about the 5th Oct. ailing from here on or about the 16th Oct. sailing from here on or about the 2nd Nov,

For Freight, Passage and further Particulars, plósan apply to

JEBSEN & CO

12. Podder Street.