1929-08-22 — Page 9

Money

and Markets

HỒNG KONG SHARES.

MID-WEEK REPORT.

The following report was issued yesterday by Mr. Harry Odell,

stock and share broker:-

A smart recovery in steamboats has to be recorded as the principal feature of the market for the period under review.

Although ether stocks have not shown any appreciable improve- ment, prices on the whole have re- mained quite steady.

Banks-Changed hands at $1,230 and $1,233, and close with sellers at the latter price.

Canton and H.K. Fires.-Con- tinue to be neglected.

Unions-Met with demand at 9226, and gradually appreciated to a buying rate of 8328).

Underwriters-After having come to business at 82, buyers are now offering only 81.90.

CANTON TRADE NOTES.

Some 1,183 bags of foreign sugar were imported in Hong Kong be- teen the 1st and 10th inst. (in clusive).

+

The market and quotations of foreign four have been very irregu- iar lately but improvements are expected in the near future..

•

**

*

Wolfram ore price has risen lately. During the last few days, over a thousand bags were export ed. A bag holds about 30 eatties, and the price per bag is about $25,

Demand for cotton yarn from the country districts especially from Fatahan has increased and prices have risen hy nearly two dellara. Prices in Shanghai have also ad- vanced by about a tael.

M

•

1

Since the anti-Japanese Boycott was lifted the market has beèn Steamboats. Opened at 894 well-flooded with Japanese piece-goods ers and rose rapidly to $254 buyers, and the weaving industry both in with sales reported at the latter Canton and the country districts

has been very adversely affected.

rate.

Raubs-Continue in request at 8, without attracting sellers.

Wharves-Are wanted at 8129), with sellers holding cut for higher

rates.

Providents. Were again deals in at 8.35 and $1.40, and remain steady at these prices.

Hotels. After having been done

*

.

The oil market has considerably improved during the past few days. Latest quotations are:--Groundnut oil at Tia. 22.00 per picul, Camel- lia-nut oil Tls. 15.70, Wood-tar cil Tis. 29.95 and bean oil Tls. 18.30.

THE HONG KONG DAILY PRESS, THURSDAY, AUGUST 22, 1929.

3

SHOTS FIRED AT CAR.

DAILY SHARE QUOTATIONS.

Mercantile Bks. “A”

$1,23

$1,235)

JAVA-CHINA -JAPAN- ||

JJNA

Tel. Address:

JCJL

£15

$00

York Harding Flungkringa

HONG KONG STOCK EXCHANGE.

SHAREBROKERS' ASSOCIATION.

SENSATIONAL HOLD-UP.

Buyers Ballara Balor Nomina

WEDNESDAY, AUGUST21.

Buy Sellis

Nominat

THREE CHINESE ARRESTED.

Banta

.nt-

$12,30

$1,215

HK Bonks

£128

Do. (London)

Chartered Banks

£337 1£18f

Do.

8904

Bank of East Asia...

Insurances

$830

Canton Ins.

**T

$830

Underwriters

....../$1.90

---

་་་

T160

$39$

Union Ins............

8327

14+

$50

Yangtze

Ins..

$60

China Fires

$3000

8766

$770

STEAMERS

Singapore.-A sensational tempt to hold up 4 car containing Mr. Leung Nai Kain, President of the Selangor Kwangsi Association, which was returning from Bentong, was made at the 14th mile, Setapak, last week. Three Chinese were arrested.

T150

#398)

It appears that Mr. Leung Nai Kam and others, including Mr. Liew Tan Sen of the Chinese Commercial News Journal, went to $310 Bentong in connection with the subscription campaign for the new" Selangor Chinese Assembly Hall. They Intended to return to Kusla Lumpur together, but Mr. Nai Kam was detained at a dinner

given him by his friends there.

$95

Mr. Liew Tan Sen and the others left and they had with them #1,700 in cash which formed the collec- tion, and over $7,000 in cheques which was being remitted to Kuala 3.10 Lumpur by a shop in Bentong This car reached Kuala Lumpur safe and sound."

Windscreen Smashed..

Mr. Leung Nai Kam, went to Bentong afterwards and was re- turning shortly after d. p.m. when reaching the 14th mile Setapak, the driver of the car noticed men some distance ahead moving suspiciously. He increased his speed and when 8128) the car was approaching the spot, 43 a man leapt out and ordered it to 832)

from 88.40 to 88.50, ensed off slight; CANTON STOCK EXCHANGE stop. The driver ignored him and

ly to a selling rate of 83.43.

Humphreys-Were taken off the

market at 814, closing with buyers

at 814.10 and sellers at 814). -

CLOSING QUOTATIONS,

8 3.30 4.00 0.50

107.00 102.00 4.10

CANTON, August 20. Lands. Appreciated one point to

with business 8603,

resulting Water Works Shares are still available at this Electric Light & Power Co...

Canton-Hankow Railways figure.

The Sun Company Trams-Depreciated from $18.05

Sincere Company t815.25, but are now being in-Naayang Bros. Tab. Co....... quired for at $18.35.

Kwangtung Tramways Co.....

2.40 China Morchants' SN. Co... 35.00 Central Bank of China. 49.00 Bank of Communications .... 42.00

FerriesLproved from 8841 to #85), with sales resulting in the in- terim at 863.

Electrics. Have re-acted light- ly, but can still be placed at 858),

Lights. Have been the medium

of a fair amount of business at NELLMAY RUBBER CO.

declining rates, closing at 819.90 cash sellers for old and $12.75 for New Issue.

Cements (Combined).-Are want ed at $8.85 and have sellers at 28.90. Dairy Farms-After sales had been reported as low as $191. this stock firmed up again to 818.90 bayers.

Wrsons-Have buyers at 811.90. Amusements.-Are being offered DL 8964.

SHANGHAI MARKET.

In spite of the trouble in Man- cburia still continuing, all cotton shares have kept up, and to-day are in demand at the following prices: Ewos Tls. 17 cash, Tis. 184 December..

Shanghai Cottons (Old).-TL. 91) cash, Tix. 0 December.

Zoong Sings. Tls. 10.40 cash, Tls, 20.00 September.

Shanghai Trams in the last two weeks have had a smart rise from Tls. 19 to T. 20 and are to-day wanted at Tls. 20 September.

We again do not hesitate to i advise investors to take an interest in the Shanghai market, however small, it may be.

The Exchange rates for the day

are:-

T.T. on London 1/11-1/8 T.T. on Shanghai

<:

EXCELLENT PROGRESS ON

PROPERTY.

Penang-At the annual meeting of Nellay Rubber Co., Ltd., held at Messrs. Kennedy, Burkills & Co.'s offices, Mr. J. V. C. Davis. presiding, said that the result of the year's working showed a profit of 873.756.77 being an increase of 812,000 over the previous year. The beard proposed to pay final dividend of 12 per cent., making 20 per cent, for the year. The total distribution amounted to $73,033.33, or approximately the amount of the annual profit.

a

drove on. Immediately a shot was fired into the car, followed by an- other, which amashed the wind- Acreen

With great presence of mind, the driver speeded up further and called to Mr. Nai Kam to lie low. Shots were rained on the car from behind and one shot hit and dis- lodged one of the tyres which left the wheel. In spite of this handi- cap the car was able to reach Setapak Police Station.

Et

"C"

North China sui.............i

H.K. Fires.

Shipping

8951

16

$37

Douglases

Steamboats

$471

Indos (praf)

$70

Do. (det);200

93/6

Shell Transporta

$99

$211

Mining

€9/6

T.91

TO

T.

84.40

Water-boata

Benquets..

Kailans

T.15 Langkats (comb)

Do. (single) Explorations..

Shanghai Loans

Raubs **

Tronoh Mines

Godowas, sla

H.K. & K. Wharfs. 8122)]

Providenta......

H.K. Docks ........ $39.

Shanghai Docks

New Engineering

Docks, Wharves,

***

$4.35

T.110

T140

***

T.71

T

***

T.173 Hongkowa

Cotton Mills

T18.00]

T16.70 171

Ewos

TJ6) Toi T3) Shui. Ctons (old). T.48 Do. (now)... T.51 T10.90 Zoong Sings ........

-+ ||

+

8601

3143. 899

***

$8.30 $9.45 The driver stated that he saw a 2601 waiting car by the side of the road T160 where the robbers were. The Po- 88 lice, losing no time, dispatched a $138 puare of armed police to the scene, accompanied by Mr.. Nai Kam and the driver. They were fortunate enough to meet three men there who were immediately hand- $181 cuffed.

On searching the vicinity, the Police discovered a log of wood 8851 studded with nails and a recently cut branch of a tree. It is believed that the robbers intended to make use of these to block, the read and stop the car, which they believed contained the money collected at 14 Bentong. Though no revolver was found a few bullets were discovered 20/ in the pocket of one of the men.

Lands, Hotels and Bulidings

H.K. & S. Hotels ... $8.40 H.K. Lands

Shanghai Lands ....

H.K. Realtys.$7.90 Humphrey

Chinese Patates

Public Utilities

1+

814.10...

F1

***

U. Lights (old)...... $12.75 $1290

***

Ju

!!!!!!

$97

350

900

| JÁVALÝN Tel. Central';

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

SOUTH BOUND,

FROK

AXPECTED OX DX ABOUT

WILL LEAVE OK

FOR

"

S'uai, K'LUNG. 23th Aug.

"&AMOT

27th Ang., Masa, M'Ksan.

Neon

& SOXRAZALA

78th Aug.

BATAYLA

Noon

7th Sept.,

Noon

SOBLANAIA

TJILEBOET TJIKEMBANG SHAL & ANor] 28th Aug TJIKARANG SEAT. & AMOT 5th Sept

...S'HAL, K'LUNG. 8th Sept

AMOT

...S'. & AXOr 16th Sept. SH. & Amor 96th Rept.

BATAVIL

10th Sept, MANILA, M'ESAN.

Noon

16th Sept., MANILA, M’xSAN.

Noon 28th Sept

Noon

NORTH BOUND.

& SONRABALA BATAVIA

63/6

TJISALAK TJIBADAK TJISONDARI

T16 85/70

15

$18

Tramways

$18.36

$18.35

$11.80

Peak Trams (old)...]

$11.80

$6.05

Do. (new).

80

Star Ferries $854

$12.95

$124 812.70 $38

F.K. Electric... #68

Do. (new)....60 | 312.75)

INI

8581

#261

Macao do.

Bandakan Lights.

86.70

Telephones.....

$8.90

China Buses.

11/-

Tractions

18/6d

*2

PATHE CINEMA CO.

***

57.70

31:40

B0.05

897

***

SPECIALIST.

As regards the company's pro- DEAL, BY FRENCH TALK-FILM perties he was glad to report that excellent progrese had been made, especially in the cocoanut areas.

The report and accounts were un- animously passed, the final divi- dend was declared, Mr. F. N. Syer was re-elected a director and the directors were voted 85,000 48 re- muneration whilst the staff was voted a month's salary as bonus.

KENT (F.M.S.) TIN.

$19.90

$1.45

Paris-The important Pathe $5 Cinema Company is about to un- dergo a change of management, due to the acquisition of the con- trolling interest by Mr. Natan, a well-known French specialist in talking films, who becomes manag- ing director in place of Mr. Char- les Pathe. Mr. Natan admitted $18 at the general meeting held on July. 3, that he had acquired at a very | 812 high price some 20,300 plural vat ing shares from other members of 190 the board and this gave him con- trol..

Profit of Kent (F.M.S.) Tin Dredging for 1928, after providing

This admission created great dis- | 8, £6,640 "for depreciation, was £17,881, and after paying dividend shareholders, who complained that, satisfaction among a number of of 5 per cent., £3,250. deducting having subscribed originally to Next Settlement Day, Tuesday, deht balance at December 31, 1927 these plural voting shares, they had August 27,

(£758), and writing off preliminary been given no opportunity of offer expenses (£1,852), balance" is 10,292 Directors have paid final

ing their shares to Mr. Natan and dividend of 75 per cent., leaving £2,347, which it is proposed to carry forward. Board reports the death of Mr. W. R. II. Chappel, Mr. T. W. Jenkin has been elected a director.

HONG KONG MARKET REPORTS.

Yesterday's quotations for rice and other food-stuff were follow :--

де

EXCHANGE RATES.

[BRITISH WIKELESS - BERVICE]

RUGBY, August, 20.

123,845 34.87 12. 10

Rice."

White, Ma Tou

Per Picul. 87.82

White, Hung Sam Chin**

7.04

White, Sam Sing

7.03

White, Ting Kua Kun

8.09

Long Unglutinous, Hung Yat 7.73

Long Unglutinong, Ching Sau 7.08 White Bran

Paris Brussels Amsterdam Berlin,

3.88. 6.10

Copenhagen

Vienna ...

Cargo Bice, Green. Scal White Roundish, Red Seal... 7.34

Miscellaneous,

No. 18 course granulated

sugar

No. 24 coarse granulated

sugar

Brown sugar, Java

Fishmaw

No. 1 bird's edible white

beat

No. 2 bird's edible white

Helsingfors

Liston...

20.235 18.213

34.42

1023 108.20 Bucharest

€17 Buenos Aires

47 Shanghai 8 0.36

2/41 Yokohama... ........... 11/11 3/16 New York

4.84 25/32

7.05 6.03

Geneva.....

200.00

.. Milan .....

2,900.00

Stockholm m Oslo Prague

25.205 02.725 18.005 18,205 1631

33.005 375

nest. ..... *****1,000.00

Dried Mushroom, Tung

Koo

Dried Mushroom, Fa Kos 180.00

White SesainO

Canned Awabi

Green Flax

Madrid

Athens.

350,00

Rio ......

Bombay

14.50

Hong Kong

18.50

Silver (spot)

20.20

Silver (forward)

1/5 25/32 1/11

·24·5/10

24 7/16

his group.

The proceedings revealed that in connection with this transfer of in- terests three of the directors had made enormous profits.

J

821

iprem.

$0.80

820

$2.25

1 Nift

Do. (prod).

Industrials

Canton Ices

Cements (comb.)... 89.75 $8.00

Dó. (old)... 87.50

Do. (new)... 81.25

Ropes benze

China Sugars....] Malabon Sugars

United Asbestos

Miscellaneous

$201

Dairy Farma....... 818.90 Der A. Wing........ Amusements...oi. Constructions...... Lane Crawfords Mackintoshs

Tobacco... (old)

Since8

201

Do (new) | 50° Watsons --- $12 Wm. Powells......................... B. Ind. G.8 Bonds... H.K. Govt: Loan ... 9107

£30,000,000 COAL MERGER.

IMPORTANT SOUTH WALES

FIRMS TO COMBINE.

Sensational secret negotiations, SPIERS AND POND. 'which will probably lead to the largest coal merger in history, and FINAL PAYMENT OF 10 PER eventually to the complete trusti- CENT ON ORDINARY. fication of the industry in South The directors of Spiers and Pond, Wales, are on the point of com general store and hotel proprietors, pletion A number of the greatest propose, subject to audit, a final colliery concerns in South Wales dividend of 10 per cent. actual (leas with a capital totalling more than tax) on the Ordinary shares for the 220,000,000 are concerned. year ended March 31, 1920.

than

I

SELAMIRA

FIOM

EXPECTED WILL

LAY ON OR LIOTT

Fox

TISALAK TJIKARANG TIBADAK

ON OR

ABOUT

JAVA, MAKASTAN IDHarbour"

HATAVIA 24th Aug BATATLA 4th Sept TUISAROEAJAYA,MAKASSAR 4th Sept TUISONDARI ... ΒΑΤΑΤΙΔ 14th Sept. TJIMANOEK FATA,MAKASSAR 18th Sept

22nd Ang Axor & S'HAT. 24th Aug. Amur & 'xas. 6th Sept AxoT & S’HAL. 8th Sept. & MOT & S'J. 10th Sept. Amor & S'EA. 20th Sept. AMEY & BEAT.

JAVA.

THE TROPICAL GARDEN OF EDEN.

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

Gorgeous motoring along hundreds of miles of Asphalt roads.

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.

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

For particulars apply to 1-

JAVA-CHINA-JAPAN LIJN.

Agents 1-

ROYAL NETHERLANDS INDIES AIRLINES, LTD.

York Building.

80.50

· ALCOHOL MADE FROM COAL.

AMERICAN COMPANY'S:

EXPERIMENT'S.

M.

Washington.-Dr. James Doran, Commissioner of Prohibi- tiun in a letter to Senator James Watson of Indiana said that the method of making ethyl alcohol from petroleum and coal would provide a commercial form of satisfactory nature, and limited only by the supply of coal and petroleum,

Ho believed that the method would be feasible for the produc tion of alcohol from non-agricul- tural products.

Dr. Doran did not comment upon the possible economic effect of in- troducing this new method of manu facture.

A subsidiary of the Union Car- bide Co. has been making the new ethyl alcohol in its experimental plant, it was learned from Dr. Dozan's office.

The firms principally concerned After transferring £6,556 to re serve, making £110,000 and £2,000 are believed to be Guest, Keen and to the staff benevolent fund, the Nettle fold, Ltd, with capital and

debentures totalling more carry-forward will be £0,250.

In December last it was decided £14,000,000, the Powell Duffryn Lo split the capital into equal Steam Coal Company, whose capital amounts of six and a half per cent. exceeds £8,000,000, William Cory Preferred shares and Ordinary and Sons, Ltd, (capital £4,300,000), shares, while a bouns of one-new and Gueret, Llewellyn and Mer Preference of Ei for every 10 Ordin- rett, Ltd., 22,000,000. The two last ary was distributed, the latter issue named firms have large coal ex- calling for £83,140. of the reserve Porting interests. fund. This followed an issue of The negotiations have been beld 138,506 shares for cash in June, up temporarily to await the out- 1928. An interim dividend of 5 per come of the bid made by Mesars. cent. was declared in November, Guest, Keen, and Nettlefold to. Tenant at Willesden: I sold' our 1929, prior to the splitting scheme. secure control of the Cambrian house to the sub-tennat, on con- For 1927-98 the dividend was 12h Collieries, whose property' repre- dition that he did not turn me out, per cent. on the old capital of sents in share capital and deben-but directly he became the landlord 2002.820.

tures something like 23,000,000. be gave me notice.

Telephone C 1574

1575. 1555.

Hamburg-Amerika Linie,

COMBINED FREIGHT AND PASSENGER SERVICE CABIN CLAS8 ACCOMMODATION FOR 50 PASSENGERS, FARE FROM HONG KONG TO GENOA÷£73,0a, 0a,

·OUTWARD-

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

8.5. "PREUSSEN" M.V.VOGTLAND"

· MLV. “DUISBURG" M.V. "SAUERLAND" M.V." KULMEELAND " |8.5. "SAARLAND”

HOMEWARD.

das here on or about the 4th Sept. dus here on or about the 18th Sept. due here on or about the 27th Sept. dne here on or abort the 15th Oct. due hero on or about the 31st Oct. ... due here on or about the 12th Nov.

·Sailings for Genos, Botterdam and Hamburg via Manila, Singapore, Colombo & Port Said :——

MY."LEVERKUSEN MV, “ERMLAND

MY. "BURGENLAND" AB.PREUSSEN " MV, VOGTLAND" KV, “DUISBURG " † Calling also at Omn

**

sailing from here on or about the 26th Aug. sailing from bera.on or about the 7th Sept mailing from here on or about the $1xt Bept. salling from here on or about the 5th Oct, sailing from here on or about the 16th Ost ssiling from here on or about the 2nd Nov,

For Freight, Famage and further Particulars, please apply to

JEBSEN & CO.

12. Pedder Street.

813

AGIEL

Tel. U. 4774.