1929-10-01 — Page 10

10

JAVA-CHINA-JAPAN-

J.CJ.L

York Building

Hongkong.

LIJN.

JAVALYN

Tel. Central 1574

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

TJILEBOET

SOUTH BOUND.

8th Oct., MANILA, M'xsar.)

Noon

BOKRABAJA BATAVIA

STEAMERS

Frox

EXPECTED

ON OR ABOUT

WILL LEAVE ON

FOR

AMOT

6th Oct.

TJIKEM BẢNG BAI, & Aror

7th Oct

9th Doku

Nron

|TJIKARANG. 'SAL. & AMOy

17th. Oct.

19th Oct

Noon

TJISALAK

TJIBADAK

ANCY

S'HAI. & Amor

20th Oct.

3rd Nov.

BATATIA

22nd Oct.. MANILA, M ́XSAR.

Nova

SOERABALA 4th Nov., MANILA, M'x143.

Noon & SOERABALA

NORTH BOUND.

EXPICTED

STEAMERS

FROM

ON OX

ABOUT

WITA LEAVE ON OL ABOUT

TJIKARANG.......!

TJISALAK

WIBADAK

TJISAROBA

BATAVIA 5th Oct. Java, Maksan 11th Oct. BATAVIA 10th Oct. {Java,Makaman 51b Det.

For

5th Oct. AMOY & S'HA 14th Oct. SWATOW & ANUT 18th Oết, AMOY & S’HAL 27th Oct. 15wÁTÓW & AMOT

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 3,000-6,300 feet altitude.

A 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..

Telephone C. 1574 1575. 1555.

LENGE

EXPRESS

SAPSER

PASAKA

LINE

SERVICE

BARBER WILDELSEN

LINE.

TRANS-PACIFIC AND ATLANTIC COAST SERVICE

via PANAMA.

M.V.

NEXT SAILING

$6

TAI PING"

on OCTOBER 21st for

THE HONG KONG DAILY PRESS, TUESDAY, OCTOBER 1, 1929."

SHANGHAI, KOBE, YOKOHAMA, SAN FRANCISCO,

LOS ANGELES, NEW YORK

BOSTON

42 Days To New York

For Passenger and Freight information please apply -

DODWELL & CO., LTD.

Queen's Buildings.

Agents.

Telephono C. 1080...

Money and Markets

GOSSIP FROM THE SHARE MARKET.

RIALTO'S HEALTHY TONE MAINTAINED:

"MAD" BOOM IMPROBABLE. ".

INVESTORS SHOW CONFIDENCE IN HONG KONG STOCKS.

FREE ADVICE FOR READERS.

(BY

KUFAN."]

Gossip oftea mures the market, but no investor should either buy er sell on market gossip only..

The tene of the share market during the past week has been dis tinctly encouraging, and the volume of business negotiated in Ice House Street has been very antisfactory.

Prices show an all-round im provement in practically all stocks listed in local quotations, and my predictions of a week back have so far been justified.

CANTON MARKET REPORTS.

THE WOOL "TRADE WITH

CHINA.

COTTON YARN.

No. 4 Yang Hok

*421

Flower & Butterfly

492

No 32 Blue Phenix

Choy Kou

380

380

300

No 20 Golden City

Shui Yuch

POSSIBILITIES OF EXTEN- SION OF AUSTRALIAN BUSINESS.

The possibilities of developing a 300 trade in wool with China, and the necessity of securing more reliable, comprehensive, and up-to-date in- 281. formation as to trade conditions 203 090

Sin Tro

200

Blue Phenix

291

Hong Hay

280

Ng Fook

Good Harvest Globe

No. 18 Blue Phenix

No. 1

this rate they sagged first to $12.95 and then to 812.80, finishing up with buyers at this rate on Satur-Na. day. A slight decline is possible. and more than likely during Octo

ber,

*

at

Sunlight Foo Kwai Larp Ma

Golden City Percock

Po Yi'

"Pretty Damsel .Tak Lee

Tramesr

Fei Ying

10. Yan Chung

Tai Po

Sailing Vessel Peacock

Golden City.

abroad, for guidance in the market- 29ing of Australian wool, were dis- ase cussed in a atatement made recent- 981 | ly by Mr. F. H. Tout, president of 201 the Australian Graziers Associa-

tion.

20.1 "I am led to believe," Mr. Tout 200stated, that the use of wool in 256 China will develop, possibly to a considerable extent. We all know how the Japanese trade has grown 238 during the last ten years, until to

day Japan is a mainstay of our Australian wool auction markets.

960

938

230 960

28 Why ahould not China develop qsa similarly? With its four hundred 23 million people, proverbially - ia- dustrious, China may become one

Tai Fat

252

.

Tak Lee

249

Lotus Bee

244

Excellent Crops May Yaa & Lion

240

ELECTRICS after being station- ary at $69 for a little time past improved on Friday to 864, which price several hundred shares changed hands. On Saturday they weakened a bit and a fairly large No. parcel of shares were taken up at In general with the rise in prices 863.60/00. They closed with fur more money is finding its way intother buyers at 933.60, and for the the share-market, and as a result present week should show a slight one is able to any that far more improvement. confidence is being shown by the public-especially the Chinese 500- tion of it in our local public com panies. It seems that the gloomy period which followed the chaos of 102 has now been definitely left behind, and that the market s taking on

better and healthier

tone.

TELEPHONE: A fow shares changed hands at 87.23 and 87.35, and there are buyers at the latter

rate.

*

·

+

Lion, No. 2

Flour.

Gunboat Brand

Five Ras Lun Fung Fa Ngun Yun Hung Hup Red Leat Cheong Tin Mak Lan Pat Kua Golden Ox Kung Wo Tai Kut

Kwan Tao

Sugar,

of the greatest users of Wool.

We all know that the "Wester- nizing of China is continually go- 240 ing on. This is sure to favour our 920 wool trade prospects, especially when China secures settled govern- ment, and the finances are placed on a satisfactory basis.

916

Per Bag 84.35

3.82

4.08

4.44 4.15

4.23

4.20 4.93 4.20 4.36

3.03

4.56 4.10

Per Pieul

CEMENTS: A very large busi ness was done in this stock during the latter part of the week. There were buyers at $0.35 and $0.40 early in the week, but they-improved on Friday to 88.30, at which price several thousands of shares changed hands. At the close on Saturday there were buyers offering this rate No. 4 coarse granulated for further shares. I would not be

white surprised to see the 310 mark pas

No. 20 coarse granulated

white No. 18 coarse granulated No. 1 white cube

white

No 1 white cube No. 3 white cube

"mad" I do not anticipate a boom auch as we had four years age, or anything similar to what is reputed to be going on at Shang hai at the present moment.

The scre lessons learned by Hong Kung during the 1995 crisis have apparently left their mark, and the effect on investors, speculators, anded during the present week. brokera in Hong Kong can be seen by the cautious way in which every rommitment is entered into.

+

+

•

EWOS were rather neglected A decent advance in share prices during the early part of the week. and a fair volume of business in and shares were at one time put Lali stocks is the hope of everyone through at ng low as Tls, 20. They No. 4 white cube

who has anything at all to do with have since recovered and are now

Sugar Candy, Punti the share market, and from the wanted at Tls, 21.00. I learn that cun, Superior look of things at prosent there is Tls. 1.75 at the close of business Shanghai was offering as much as every reason to be optimistic. I anticipate a very much better state

on Saturday. of affairs by the end of the year.

I hear from seteral sources that forward business is again getting into the routine of the market, after

*

"REPLIES TO READERS,

having almost completely dislike information of advice on any Readers of this paper who would

peared for four years.

I hear

December Settleme is going to be pretty heavy, and if successfully negotiated we may confidently look forward to a very bright year in

1920,

•

HONG KONG BANKS appear to be in demand and a few small Parcels changed hands at rates varying between $1,232.50 $1,237,50. The buying rate

to

have to be paid before shares can be obtained.

matter relating to the Hong Kong, Shanghai, or Singapore share market can get it by writing to Name and address must be includ

KUFAN,"

care of the Editor.

ed, and it is desirable that the cyrrespondant include a nomme-de- plume, in order, that he may readily pick out the answer intend ed for him. Answers appear re- gularly every Tuesday.

81,237,50, but I think 81,260 will full a reply as possible, but it must Efforts will be made to give as be distinctly understood that no liability is admitted.

Those who have written last week will find answers to their queries below:-

*

CANTONS, CHINA FIRES and HONG KONG FIRES have buyers nt 8600, 6310 and 8780 respectively. These stocks are not easy to obtain,

and. I do not anticipata maay shares, changing hands.

WHARVES had. a decent rise during the week, and finished up with buyers at 31 after several hundred shares had changed hands at 8140,

+

PROVIDENTS have been steady at rates varying between. 84.65/75. A few thousand shares changed hands at this rate, and at the close of the week's business there were further buyers at 84.70.

#

HONG KONG HOTELS have also improved during the past week and a fairly large, number of shares were taken off the market at 89.45 to 89.75. They closed with buyers at $9.65.

T

HONG KONG LANDS are very stendy. They improved from buying rate of $81.95 earlier in the week to 863.25 at the close on Satur- day. A fair number of shares changed hands at rates varying be tween $61.60 and $83.25.

HUMPHREYS had been very steady at 814.95, buyers wanting shares at this rate but sellers being

scarce.

HONG KONG TRAMS have also seen a slight improvement during the week. A few shares changed hands at 818.25/36, and there are a few inquiries at the latter figure.

STAR FERRIES have come to business from a bàying rate of 867 to 859 at the close on Satur- day. They are difficult to get, and I can see a further riso in this stock.

+

CHINA LIGHTS appear to be in the throes of a ding-dong battle between the "Bulla sand Bears," and it is really very difi- cult to forecast their future .Per- senally, I would he inclined to favour the "Bears," but would advise investors to keep off this stock until the rivals have had it out. The stock opened with buyers on Monday last at 813, and after a few shares had changed hande at

SMALL INVESTOR-Any divi.

RAW SILK

$11.33

10.78

10.05

EXCHANGE RATES,

(BRITISH WIRELESS 'BERVICE |

Rraur, September 99.

Paris Brussels

123.825

3-1.883

Amsterdam

12.001

Berlin

20.385

Copenhagen Vienna.

18.203

34.50

Helsingfors Lisbon

193"

109.25

817 47/11/64

• Bucharest

Buenos Aires Shanghai... Yokohama...

New York Geneva

Milaa

2/3 1/11 93/32 4.83 13/32 25.105

4

92,695

Stockholm Oslo

18.106

19.203

Prague

163!

Madrid

32.785

Athens

375

Rio

Bombay

Hong Kong

1/3 27/32 1/101

235/18 201..

Silvte (spot)

Silvtr (forward)

NOTICE TO CONSIGNEES.

OCEAN STRAMSHIP CO., LTD,

CHINA MUTUAL STEAM NAVIGATION CO., LTD.

CONSIGNEES per Co.'s Vessal ATREUS"

FROM UNITED KINGDOM

VIA SINGAPORE

are hereby notified"that their Carge will be discharged into Holt's Wharf, Kow- loon, where it will lie at Consigneca' risk and subject to Terms and Condi tions of Storage at Heir's Wharf. The

Referring to the necessity for oversea trade information for the guidance of those in control of Australian wool marketing, Mr. Tout said that to a considerable extent, under present conditions, we were acting in the dark. We Oarge will be ready for Delivery from did not know authoritatively the Godown on and after 30th September. approximate amount of wool that Optional Cargo will

will not be landed any particular section of the buyers such as the Continental, British, or the Japanese could

take in a certain period. We were not sufficiently well-informed on trade conditions in wool-baying countries, and we knew very little in opportune time of the trend of

fashion.

hare, unless Notice has been given prior to Vool's arrival, but carried on from port to

which thers to the Eual port of call to

option extends.

All broken, chafed and damaged Goods are to be left in the Godowns, where they will be examined on any Tuesdays and Fridays between the hours of 10.45 A., and Noox within the Free Storage period.

It should be possible," Mr.

No Claims will be admitted after the Tout watinued, to get all this Goods are left the Vessel's Godown, information regularly by cable and and 1 Goods remaining undelivered letter. I feel it is a special job after the 7th October, will be subject 12.63 calling for representatives appoint-to Rant

12,93

11.38 12.80 10.20

ed for the purpose. Perhaps we 12.12 should have two such representa

tives on the Continent; one in Bri- tain and one in the East. These are details, however, that we can work out if we agree to the general principle.

Messrs. Pentreath & Co. have forwarded us the following letter dated August 26, from Mesers, pool Hornby, Hemelry & Co., Liver

In the carly part of last week, values lost a few points, but the decline has been recovered, and, on balance, prices are unchanged for nears and 3 points higher for January.

The New York certificated stock on the 15th. inst, was 3,230 bales (5-bale unit) and 460 bales (10-bale unit);

Acording to mail advices from New York, it was thought that due to the heavy shipments of new sea- son silk from Japan, nears would show a weakening tendency, but the demand for spot silk has been so good that dealers and importers Are having difficulty in meeting manufacturers' requirements,

Broad silks are not moving freely, but the demand for Autumn goods is expected to develop in the near future.

The consumption of raw silk in August is expected to equal the July. large amount consumed during

Our New York correspondents cabled on Saturday that the pri mary markets la Japan are firm. There is a fair demand for spot and futures. The business in piece goods is still quiet here and there, and the thrown silk market is dull, Raw silk is firm but quiet, Short covering by the trade is in evidence. Close New York Saturday: October 84.05c, November 84.960, January 84.96c

dead declared on the shares which you have hypothecated still be longs to you. The practice is to credit you with the dividend, such amount to be deducted from the capital of the loan. Any de viation from this must be by consent of both parties. CHEAP-Yes, you are right. The shares look cheap, and if there should be an all round apprecia- tion your stock will be the first to get into the picture: I agree with you entirely. CONCRETE-I cannot trace the reason for the rise, but from all accounts, rates will be kept up. Pure speculation is behind it, but speculators appeared to be very cautious as the rise.is so gradual. H.A.V.R.-Sorry I could not send LESSON SERMON.

you a private reply. I don't think prices will touch 80 this FIRST CHURCH OF CHRIST, year, but with the gradual im- provement of the market, there is

SCIENTIST HONG KONG. a possibility of this stock, which is not a favourite with specula Lesson-Sermon in all Churches of "Reality" was the subject of the tors, climbing gradually up. The

on Sunday, fall between 1925 and to-day is Christ, Scientist,

Beptember 29... due to the general decline in

The Golden Text was: "Thy prices. Hold on to your shares. M.M.-1. Good for cash and for art from everlasting"

throne is established of old: thou (Psalms ward, but there is not much 93:2). money to be made out of it. 2. Price is too high. I can't say what will happen and advise you not to touch it. 3. Plenty of cash buyers, which is a good sign. Don't buy this stock forward. Cash or forward recommended. 5. Don't touch! 6. Plenty of in- quiries and shares might go up slightly but not much. 7. No money in it. Prices will be main- tained. 8. Absolutely not. In considering your position, don't forget the market is strong, LONG SHOT-Your request in original, not to say peculiar. You want to sell short, but the scheme does not appeal to me and frankly, I am entirely against it. Now you have my opinion I hope you will not carry op with what you intend. The stock might be inflated, but too much is involved, and I don't think shares will come down with a "flop even. if they do come 'down later on.

""

4.

Among the citations which com- prised the Lesson-Sermon was the following from the Bible: "By the word of the Lord were the heavens made; and all the host of them by the breath of his mouth. He gathereth the waters of the sen to- gether as a heap: ho layeth the depth in store-houses. Let all the earth fear the Lord: let all the inhabitants of the world stand in awe of him. For he spoke, and it was done; he commanded and, it stood fast" (Ps; 33: 0-9).

The Lesson-Sermon also included the following passages from the Christian Sciener text-book, "Bei- enco and Health with Key to the Scriptures," by Mary Baker Eddy: "Divine metaphysics, as revealed to spiritual understanding, shows clearly that is Mind, and that Mind is God, omnipotence, omnipresente, omniscience, Hence all is in te ality the manifestation of Mind (p.275),

My belief is that while wool is better marked in Australia than anywhere else in the world, we can and must do still better. Scientific marketing is our policy, and we still have some distance to go be fore we can feel satisfied."

Mr. Tout added that these two matters came within the scope of the proposed "Use Mora Wool" campaign. If the campaign were launched, as he was hopeful it would be, such matters as these, vitally important to Australia, would certainly be considered.

All Claims against the Vessel most be presented to the Undersigned on or before the 21st October, or they will not be recognized.

No Fire Insurance will be effected. BUTTERFIELD A SWIRE,

Agenta."

[8441

30th September, 1929,

ON SALE.

of VOLUMES HONG KONG WEEKLY ›

DOUND

B

PRESS, July to December, 1978.

WITH INDEL, PRICE-$7,50.

On Sale at the Eosa Kore DAILY PAE ÖN.

the

DODWELL & CO., LTD.

NEW YORK BERTH.

FOR NEW YORK & BOSTON via SUEZ. M.T. "GREYSTOKE CASTLE"

Bails on/or about 9th Oct.

LLOYD TRIESTINO.

REGULAR

MONTHLY PASSENGER AND FREIGHT SERVICE for BRINDISI, VENICE AND TRIESTE (FIUME). TAKING CARGO ON THROUGH BILLS OF LADING TO GENOA, ALL ITALIAN, ADEIATIC, LEVANT, BLACK SEA AND DANUBE POETS.

REDUCED PASSAGE RATES. BRINDISI, VENICE & TRIESTE LONDON

141

£75.0.0. £83.0.0.

NEXT SAILINGS. OUTWARDS FOR SHANGHAI, YOKOHAMA, KOBE AND MOJI.

8.8, ROBANDRA“ M.V." HOMOLO" B.S. VENEZIA”

***

部

***

From Hong Kong. Bails on/or about 4th Oct. Bails on/or about 29th Oct. Sails on/or about 7th Nov.

HOMEWARDS FOR BRINDISI, VENICE AND, TRIESTE.

From Hong Kong,

B.8. "DUCEESSÄ D'AOSTA” M.V. "ESQUILINO" 88.BOSANDBA”,

M.Y. "HOMOLO"...

Sails on/or about 8th Oct. Hails on/or about 15th Oct. Baile enfor about · 2nd Nor. Baile on/or about 30th Nov.

NATAL LINE OF STEAMERS

FROM CALOUTTA

& COLOMBO TO

SOUTH AFRICAN PORTS

8.9. "UMZUMBI"

Bails from Calcutta Srd Nov. Regular Passenger and Cargo Service to South African Porte. - Through 20ls of Lading issued from Hong Kong. For Freight or Fassage on any of the above Linss, apply to

DODWELL & CO, LIMITED.

Agents.

Telephone: Central 1030..