1929-12-17 — Page 12

112

BRIDGE AND MAJONG DRIVE.

$100 FOR BENEVOLENT 'SOCIETY.

A very successful bridge and majang drive was held yesterday in the, Itelena May Institute to raise funds for the Hong Kong Benevo- ent Society. A large number of a rest people were present and enjoyable time was spent. The re- salts are equally pleasing, nearly $40 being cleared for the fund.

The hidden number for the bridge drive was 930. Mrs. Carrie won the first prize her score totalling 989. the nearest number above the hidden one, and Mrs. Janes won the second prize with the nearest Mrs. Hansen score below, 977. won the booby prize; with a score,

of 144.

The majang prizes. went to Mrs. Tiges first with 18 points, and Mrs. F. 1. Wilson second with 14 points,

Mrs. G. W. Pope won the holy prize with a score of 2. The priss were presented by Mrs. J. H. Hunt.

THE HONG KONG DAILY

GOODS MOVED BY

"MISTAKE.

PASSENGER RECOVERS HIS "87,000 CARGO.

Mr. H. Koga, a second class pas- senger by the ... Empress of Asia from Japan to Manila, reported to the police last Thursday the dis appearance of four rattan baskets from his cabin while he was ashore in Hong Kong. The baskets con tained silk goods worth $7,000, and it was feared that they had been stolen.

PRESS, TUESDAY,

Money and Markets

GOSSIP FROM THE SHARE MARKET.

"BOOM" IN CHINA LIGHTS: DEMAND FOR

HOTEL SHARES.

FREE ADVICE FOR INVESTORS.

[BY *KUFAN."1

In the course of their investiga- tions, the police came across the baskets in a local European hotel. It is thought that "through a Gourip often moves the market, mistaken iden that the packages bebut na investor should either buy

or sell un market gossip only. longed to.a gentleman who was go in to stay at the hotel, the run- ners removed them from the ship.

The owner of the packages, who had in the meantime cancelled the remainder of his passage owing to the loss of his cargo, was communi- eated with, and everything was found to be in order. He is con tinning his journey to Manila by another vessel to-day and is very grateful to the polier for having traced his valuable goods.

The past week's activities in the share market has been marked by a boom" in China Lights and a heavy demand for Hotel shares. Rates on some of the other stocks also showed "appreciable improve ment, and on the whole the turnover for the week has been on a fairly liberal scale.

The demand for China Lights has shares which is an encouraging been mostly for eash or December sign and leads one to expect higher. rates before very long. Hutels, ne doulit, haye come into the picture

DECEMBER 17, 1929.

buyers only offering $17.75 for shares, with sellers asking $17.50.

have ELECTRICS

declined slightly owing to a large parcel of shares being put on the market, probably also due to the December settlement influence. Rates were on the decline all the time, shares $64.95. They closed with buyers at changing hands from 305.50 to the latter rate; and the general im pression appears to be that they will touch a lower figure before

settlement.

#

CEMENTS-A large parcel of shares. changed hands during the

DODWELL & CO., LTD due to the newe of the sale of the past week in this stock at improving

NEW YORK BERTH.

FOR NEW YORK & BOSTON via SUEZ.

LLOYD TRIESTINO.

FREIGHT MONTHLY PASSENGER AND REGULAR SERVICE for BRINDISI, VENICE AND TRIESTE (FIUME). TAKING CARGO, ON THROUGH BILLS OF LADING - IC GENOA, ALL ITALIAN, ADRIATIO, LEVANT, BLACK SEA AND DANUBE PORTS.

"REDUCED PASSAGE RATES, BRINDISI. VENICE & TRIESTE

LONDON

£75.0.0. £83.0.0.

NEXT SAILINGS.

OUTWARDS FOR KOBE. YOKOHAMA & MOJI.

S.S." HILDA" :

M.V. "REMO"

From Hong Kong. Sails on/or about the 24th Dec. Sails on/or about the 2nd Jan,

#

Majestic Hotel in Shanghai. I un derstand from well-informed source that the price paid to the sellers was Ti 2.350,000, and this no doubt has had the effect of driving a number of would-be in- vestors to the Hotel "counter."

The news from Shanghai about Ewos is still far from encouraging, and prices have been going down last week, although not to any I am afraid appreciable extent. there will be little pussibility, of this stock making any move, up- ward this side of the December Settlement.

rates from $12.73 to, 813, Buyers were offering as high as 813.10 for shares on Saturday, bat sellers were holding out..for 813.23.

*

WATSONS-A few small lots changed hands at 911.60, and there are further buyers at 811.50.

+

*

•

"DAIRY" FARMS have sellers at $20.78.

every Tuesday. Questions of prac tice and custom, and prospects of various stocks, etc., in Shanghai and Singapore, can also be dealt

SUGAR.

LICHT'S REVISED ESTIMATES.

Messrs. Pentreath & Co. bave forwarded "us the following letter, dated November 1, from Mesars. Hornby, Hemelryk & Co., Liver- pool:-

The market registered a further decline during the week under re view, but there has been a sharp recovery, and, on balance, values are unchanged to 3d lower,

The weakness has latterly come from America, where the 'indiffer- ence of Refiners has led to outside seliers accepting considerably lower prices for actual, and the Wall the Sugar market in company with Street collapse has also refleeted on the other commodity markets..

British Refiners, after their ex- tensive purchases last week, are also out of the market at present, and until there is a renewal of trade demand, no fresh purchases of Thaw's can be expected from that

quarter.

Keen competition still exists be

and tween home-grown interests British Refiners.

The revised estimate" of Mr. Licht which was published yester day proved to be very much as we anticipated in our last report. The Sgures compare as follows:--

Europe Russia Total

Estimate Estimate Oct. 31. Sept. 30.

Tons.

Tons.

0.550,000

6,801,000

1,350,000

...... 1,995,000

9,174,000 8,134,000 We are of the opinion that the recent deliacle in Wall Street wil! reflect favourably in the long run on commodities which are relatively. cheap, and which have hitherto been neglected by the speculator in favour of stocks and shares. particularly applies to Sugar which is undoubtedly reasonable at the present level. Although therefore arise at the moment may appear that purchases round about these to be somewhat premature, we feel

profitable.

This

lant

REPLIES TO, READERS. Readers who are interested in the Regarding that Settlement, I beareal share market are given an that locally a heavy breakdown is opportunity to ask any question not feared, as some of the heaviest relating to local conditions, and re

shorts and "longs" have made plies will appear in this paper levels will in the long run prove | arrangements to straighten out the settlement. This is particularly good news, and there seems to be little doubt that the new year will prove even more prosperous than the present one. At one time, it appeared that the forthcoming December Settlement was going to. rullify four years of effort on the part of those connected with the share market, and that the work of "Rialto would Stabilising the have to be started all over again. Let us hope that no such calamity will come about.

#

•

HONG KONG BANKS register ed a further decline. The latest

HOMEWARDS FOR BRINDISI, VENICE AND TRIESTE. quotation is $1,300 buyers. Small

3.V. "HIMALAYA"

M.V.VIMINALE'

B.S. HILDA “...

M.V.REMU'

From Hong Kong. Sails on/or about the 58th Dec. Sails ou/er about the 7th Jan. Sails on/or about the 25th Jan. Sails our about the 4th Feb.

parcels of shares were negotiated earlier in the week at 81,315, and they closed with sellers at this rate, but bayers were offering ten points

less.

UNIONS changed hands at 8360, and there are further buyers in the

NATAL LINE OF STEAMERS market at this figure.

ΤΟ

PORTS

FROM CALCUTTA & COLOMBO

SOUTH AFRICAN

Regular Passenger and Cargo Service to South African Porta." Through Bills of Lading issued from Hong Kong.

For Freight or Passage on any of the above Lines, apply to

DÓDWELL & CO, LIMITED.

Telephone Central 1030.

H

Aguasa.

Hamburg-Amerika Linie,

COMBINED FRÆGHT AND PASSENGER SERVICE, CABIN CLASS ACCOMMODATION FOR 50 PASSENGERS. FARE FROM HONG KONG TO GENOA-£70. 0°, 04. OUTWARD.

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

M.V. "HAVELLAND" M.V. "ERMLAND"

M.V. "BURGENLAND “ B.S. "ALBEET VOEGLER" M.V."VOTGLAND" M.V. "BAMSES"

1/4

HOMEWARD.

due here on or about the 18th Dec. dze hers on or about the 28th Dec.

1930 due here on or about the 9th Jan. due here on or about the 25th Jan. ... due hera ca or about the 8th Feb, ... due here on or about the 16th Feb.

Sailings for Genoa, Botterdam and Hamburg via Manila, Singapore, Colombo & Port Said:

wailing from here on or about the 28th Dec.

1930 18.8. "AMMON "

sailing from here on or about the 10th Jan. ... sailing from here on or about the 28th Jan.

8.8. "OLDENBURG" M.V. BEMLAND

MY. "BURGENLAND" sailing from here on or about the 11th Feb. 8.6. "ALBERT VOEGLER" sailing from here on or about the 25th Feb

...sailing from here on or about the 12th Mar. M.V."YOGTLAND"

.61]

t Calling also at Alicante,

For Freight, Passage and further Particulars, please apply to

JEBSEN & CO

12, Pedder Street.

ÄSENTI

Tel. 0.4754

*

STEAMBOATS-Some business was registered in this stock at 827 and $27.50, and the market closed at the end of the week with buyers at the latter rate.

WHARVES-These shares were handled in fairly large numbers during the week, buyers baving to pay from $141.30 to $142. Further shares are wanted at the latter price, but sellers appear to be

scarce.

PROVIDENTA fair business was done at lowering rates. Early in the week shares were sold at 86.45 and $3.40, but buyers then withdrew and at the close there are sellers at the latter figure without any sales being recorded.

*

Shanghai.

HONG KONG HOTEL shares showed a sharp jump, as mention- ed, owing to the news of the sale of the Majestic Hotel, Rates gradually mounted, and large parcels of shares changed hands between $11 and. 811.00. They cased off slightly at the close, with sellers at $11.80 and buyers offering 10 cents less.

.HONG KONG LANDS-Buyers are offering $63,50 without succeed. ing in getting shares.

HUMPHREYS are being inquir- e-1 for at $14.23 after sales had been pus through at 814.40.

TRAMS-This stock had a sudden drop from 818.75 to B18, but after a few parcels had been taken off the market at $18 and 818:10, an improvement was noticed, and buy- er were offering 818.60 for shares without finding sellers, who are asking 818.75.

STAR FERRIES are wanted at 800.50, but sellers would not part under $70.

*

CHINA LIGHTS had rathor a sudden spurt." On Monday Inst shares were put through at $16.50, but on Friday they had a specta- cular jump, and I understand as high as 818.15 was offered and ac cepted for cash shares. Subsequent- ly, I hear, a large block of shares. were put through at 813 for cash. Albany higaa tuhl thw the reason for the big jump is that the December "shorts" were trying to cover up. The rate caged off on Saturday,

with.

Every effort will be made to give as full a reply as possible, but it is distinctly understood that the writer assumes no responsibility whatever by so doing.

Letters must be addressed to "KUFAN," care of the Editor of

this paper, and must bear the name

and address of the correspondent. Is is desirable to include a nomme de plume to enable the correspon- dent easily to identify the reply intended for him.

SEEKERS-1. This stock is a bit on the high side already. The company is doing very well, but the share price is not going up brenuse of the already inflated value of the stock." There is like: lihood of strong competition locally in the near future. 2. This is very speculative if you in tend to hold on for only a few months: On the other hand, if you can hold for a year or so. put your money on this stock. 3. This stock is worth more than its present quotation, but unfor. tunately is a favourite with specu- lators, and it is difficult to know what is going to happen at any time. Why not try something else, say Trains, for instance.

tu

NIBBLE-You have nothing

worry about.. Your stock is very steady, and there should not be much activity in these shares. Put it in the bank while you are on leave. You won't miss the market, ás you fear.

*

#

*

PLANTER Quotations from Sin- gapore by cable can be obtained from any broker with agents in the South. Your stock is 'now standing at 89.73, but you can get cable quotatious through any big firm without any obligation. would rather sell than hold.

*

SECOND-I think this Company is quite sound, but I do not think share prices will go up unless something in the nature of a "boom" sets in next year, which is not improbable. On the whole, I would advise you to wait.

EXCHANGE RATES. EBBITION WIRELĖSS SERVICE]·

RUGBY, Dec 15.

Parij New York Brussels Geneva

Berlin

Stockholm

123.94 4.88 3/32

34.86

25.11

Amsterdam

12.091

Milan

03.28

20.376

~18.093

Copenhagen

13.183

Oslo ...... Vienna Prague Helsingfors Madrid Lisbon Athens

18.205

23.655

161

193

35.245

103.25

375

Bucharest deere Rio

818

5 0/16 46 0/32 1/5 29/39 9/2

Buenos Aires Bombay Shanghai...

Yokohama

2/03/39 Silver, spot & forward 229/16

Close London last night:-(Raw" Eect): December 8s./41d.. week 8/41d March 8./74d., last week Ss./jd.; May 9/2ld., last werk, 98. jid.

Our New York correspondents cabled last night that the Licht estimate is considered somewhat bearish. Business in the actual market

The

13 unsatisfactory. principal feature consists of the continued selling of December and particularly of January by those who took up. September tenders. Our correspondenta believe long liquidation is almost over.

Another cable to hand this mern- ing from New York says that rumours that the syndicate who tock up delivery of September con- tracts are now liquidating have unsettled the market. The selling bas uncovered stop orders and brought out increased offerings of Raws. Reaners are still reticent and declining firm offers, at' ?c:

[Daily Share Quotations will be found on pye 13 of this iteur.]

TO-DAY'S WIRELESS

PROGRAMME.

BROADCAST BY Z.B.W. ON 335 METRES AND 49 METRES.

11 to 11.30 a.m.-Commercial News. 12.30 to 1.30 p.m.-Demonstration

programme.

1.49 p.m. Weather report.

5 to 7 p.m.-Programme of H.M.V. and Victor records supplied by Mess. Moutrie.

EL

"La Traviata-Potpourri, Part 1 and 2" (Verdi), Marek Weber and His Orchestra. Hungarian Rhapsody, No. 14"

(Liszt), Mark Hambourg, "Five O'clock Girl "-Selection

(Ruby) and Love Lies" Selection, New Mayfair Orch. "Dear Little Cafe and "Bil see you again" ("Bitter Sweet "_ Coward), Peggy Wood and George Metaxa.

"Madam Butterfly" Selection (Puccini), New Light Symphony Orchestra.

"Pilgrim's Song of Hope" (Batiste) and Liebestraum" (A Dream of Love) (Liszt), Henry Gordon Thunder. "Carmen-Selection, Part 1 to 4'

(Bizet), Creatore and His Band. "I like my old home town'

(Lauder) and I'm looking for a Bonnie Lass to love me " (Lauder), Sir Henry Lauder. Ballet Egyptian Suite-Part to

4" (Luigini), Concert Orch. "The Desert. Song"-Tocal Gems"

"The and

Blue (Romberg)

Gems - Vocal Mazurka (Lebar), Light Opera Company, "Trovatore-Selection, Part i and

2" (Verdi), Creatore's Band. "Caprice Viennois" (Kreisler) and "Humoresque" (Dvorak-Kreis-

er). Fritz Kreisler, "Cavalleria

Rusticana-Intérmez- zo" (Mascagni) and "Tales of (Offen- Hoffman-Barcarolle "

bach), Victor Concert Orch. 49-Dm-Evening weather report.

9 p.m.-Chinese programine 10.30 p.m.-Close down..

JAVA-CHINA-JAPAN-

JCJL

York. Building

Hungkong,

LIJN.

Tei, Address 7

JAVALYN .

Tel. Central 1574.

REGULAR PASSENGER & CARGO SERVICE-BETWEEN HO NG KONG SWATOW, AMOY, SHANGHAI, MANILA AND THE DUTCH

EAST INDIES.

"SOUTH BOUND.

WILL LEATE ON

SOXEABALA Batavia

EXPECTED

FROX

-Foz

Os as

ABOUT

АКО

La Port

17th Dec, MANILA, M'KBAN.

Noor

3'BAJ. & AMOY 19th Dec,

Amor Cath Dea.

gist Dec.,

Noon

31st Doa, MANILA, M'KSAN

Neon

SORRANATA

1st Jan,

11th Jan.,

STEANERS

TJISAROEA" ||TJISONDARI TJILEBOET TJIKEMBANG 'BAL. & AMOY 30th Doc. 'S'HAL & AXOT 9th Jan, TJIKARANG

[TJISALÄK TJIBADAK

STEAMERS

BATAVIA

BATAVIA

Noon

Noon

14th Jan., MANTLA, M'EBAB. Noon & SĢERABAKA

Manila, 'B'Ksar

& SOERABALA

AxOT

3'EAL & ANGT 19th Jan.

12th Jan

21st

Noon

NORTH BOUND.

TJIKEMBANG TJILEBOET TJIKARANG TJISALAK TJIBADAK TJISAROEA TJISONDARI

FROM

EXPECTED WILL

LEAVE ON .DE AROUT

FOR

ON OR ABOUT

18th Dec. BATAVIA Java, Makassar 20th Dec,

BATATZA

28th Doc. JAVA, MAKASSAR 3rd Jan. BATATZA 8th Jan. JAVA,MAKASSAR 18th Jan, BATAVIA 2904 Jan.

19th Dea. Akor & S'HAI. 23rd Doo. SWATOW & AMOT 28th Doo. Axor & S'HAY.

6th Jan. SWATOW & AKUT 9th Jan, AmoT & S'HAL 20th Jan. SWATOW & ANOT 23rd Jan. Amor & B′EAI.

JAVA.

KAMODIAN-BANDOENG PAPANDAJÁN— GAROET-SINDANGLAJ A — TOSARI—

NGAMPLANG-TJISOEROEFAN-

NONGKODJADJAR WANASABI.

What do these Names mean?

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

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

For particulars apply to:-

JAVA-CHINA-JAPAN LIJN.

Agents:-

ROYAL NETHERLANDS INDIES AIRLINES, LTD. York Building.

EXPRESS

BOOST

LIKE

FIKARA

SERACE

Telephone C. 1574.

1575.

1555.

BARBER WILHELMSEN

LINE.

TRANS-PACIFIC AND "ATLANTIC COAST SERVICE

M.V.

via PANAMA. NEXT SAILING

TAI

YANG"

on DECEMBER 17th

for

SHANGHAI, KOBE, YOKOHAMA, SAN FRANCIS CO LOS ANGELES, NEW YORK & BOSTON

42 Days To New York

For Passenger and Freight information please apply:

DODWELL & CO., LTD.

ueen's Buildings

☛ Agents."

Telephone O. 1080.