1930-01-07 — Page 11

1

"

Money

$

and Markets

GOSSIP FROM THE SHARE MARKET."

NEW YEAR OPENS STRONGLY ON LOCAL “RIALTO,

FREE ADVICE FOR INVESTORS.

[BYKUFAN."1

Gossip, aften moves the market, but no investor should either buy or sell on market gossip only. "

The New Year or the local "Rialto"! opened with 悲 maild boom in two of the favourite local stocks, Cements and China Lights. The indications are that prices all round will appreciate still further. and prospects are very encourag- ing, there being far more buyers on the market than sellers, and rendy cash appears to be plenti- fui.

EL

The market generally is strong, rates going up from day to day. Inquirice far exceed selling orders, and further improvement should be recorded for the present week.

REPLIES TO READERS.

to

THE HONG KONG DAILY PRESS, TUESDAY, JANUARY 7, 1930,

THE METAL MARKET,

Messrs. Rudolf Wolff & Kew have forwarded us the following review of the Metal Markets dated Decem- ber 0, from their London Office.

Marketa have not presented any very definite tendency during the week. Movements have been irre- gular but fluctuations have been confined within comparatively nar- row limits and prices at the close do not show any very substantial change as compared with those ruj- ing a week ago.

Tin.

DAILY SHARE QUOTATIONS.

HONG KONG STOCK EXCHANGE.

SHAREBROKERS' ASSOCIATION.

Badere fupera

Balon

Nomiast

MONDAY. JANUARY 8.

Buyers

Beliere

Kominal

$95

$805

$2.05

T160

"

Banky

$1,330 £110 £18

H.K. Banka

| #1,335 »

Do. (London)** Chartered Banks ...

£30

Mercantile Bk. "A"

|£161

Do.

HO

Bank of East Anime

£345 £15 $95

Insurances

Canton Ins.

$880

Underwriters

$1.80

North China

T160

Union Ins...

·8389

China Fires

1310

HK. Fires.

Shipping

3251

·Dengisses ......

$34

FE

Steamboats

$43

Indos (pref.)

$70

Do. (def.)

05/10 er div. $23

Shell Transports

Water-boata

nda

***

Mining

$367

An

$320

**

$818

L

84.70

Tin has been irregular but on the whole easier. Statistics published on Monday showed a small decrease of 109 tona in the Total. Visible Sup- ply, a better result than had been nevertheless the price on that day expected earlier in the month, but fell heavily, the slight improvement in the figures being insufficient to counterbalance the disappointing results of the meeting of the Tin Producers' Association, Since then fluctuations have been confined within comparatively narrow limita, but on the whole further Readers who have written to weakness has supervened and the "Kufan" during the week will price shows a decline of about £6.10 and answers

their querries as compared with our last report.

Sales in the East during the week. below.

amounted to 1475 tons; shipments Every week Kufan" will reply thence for the present month are to readers who have written in for estimated at about 10,000 tons. Pre- information regarding the Hong miuns on Straits and Banka are fair! Kong market, Questions concern-quoted at £4.10 and £11 (nom.) ing the Singapore and Shanghai respectively Demand on the part At

market can also be dealt with. of consumers in this country and on

Inquiries must be addressed to the Cantinent has only been $11 KEFAN" care of The Editor, and moderate and rather less active have 'obtained in replies will appear in this column conditions next Tuesday. Name and addrews America. The position is a little of the inquirer must be included. involved, following not for publication but as proof of which surround the policy of the bona fides.

Tin Producera' Association, and the nomme de plume be included to success or otherwise which may at- enable there making inquiries to tend any scheme for the ultimate pick out the answers intended for regulation of output, but mean- while the full which has taken them.

place, though reflecting lack of con-, fidence in the outlook, has carried and one which may not be very re- mote from the point where produc- tion will be affected and where the laws of supply and demand will

In addition to the transactions, the past week has seen amount of forward, business. the time of writing the feeling is that sellers are not parting with their holdings just yet, and every body seem to be waiting for better rates before selling, which is a healthy sign.

Information received by local brokers from Shanghai shows that the Northern port is still quiet, bust Ewas, the favourite stock.

It is desired that, a

the doubts

have been going up since the Kive as full and complete an answer the price to an admittedly low level

December Settlement, and touched as high as Tls. 17 for cash. At the close of the week they cased slight- ly, standing at Tis. 16.75 for cash, Various rumours are going round in the market to the effect that the mills have been doing wonder- fully well during the last twelve monthe. Visions of a handsome Bual dividend are coujeatured, and in one quarter it is conâdently ex- pected that a bonus issue will be nude, the proportion talked of being one new share for nine old Whether these shares.

rumours are true or unfounded will be seen very shortly, but the effect on the market has been to raise share values. How much further these shares will go depends on just how soon the rumours are, confirmed er on the other hand, are proved to Le wrong!

*

·CHINA LIGHTS at the close of last week were wanted at $19.50 and $18.75 for cash, but there was a marked absence of sellers, parti. cularly for cash. Forward shares were also in demand, and no less than $20.30 has been offered for March shares. Indications are that the stock is booked for still further risce, as the prospects of the Com. pany are such that many investors can be found at present prices. When the new issue comes into the market, further activities should be

seen.

Every attempt will be made to as possible, but on the understand- ing that no responsibility whatever is admitted by so doing.

*

*

to

naturally operate. It would seem that the adverse factors in the situation are fairly well dis- counted in the present price, and unless there is an appreciable fall.

QUEER-You seem to be frighten-begin

ed at something which does not exist. At the worst you will be sharing the loss with hundreds of other shareholders, but there is no retron for you to assume thating off in consumption the market you as a shareholder, will have to hear the burden,

M.M.M.-Sel" the smaller-priced stock when the market appie- cintes slightly. There is little move in this stock, which has not responded at all to the gen. eral activity of the last few months.

*

DICK-Your stock is good for

another ten pointe. Hold on.

+

HOMESTEAD-I should not advise you to buy the Arst-narmed stock for a quick rise. Here are the names of a few others: Chinni. Lights, Cements. Providents and Trams. Any of them might come in for a sharp rise shortly.

RUBBER:

MARKET EXTREMELY.

'QUIET,

should not experience further im- portant decling, whilst if support were forthcoming a moderate re- covers might not unreasonably be expected.

Options-Double $14.10, Single

£7.5.

T.101

T.16

T.83

T.10

$12

፧፧ ፧ ፣

M.850 Yangtazo Ins............................

53/-

Benquets.

Kailans

T1360 Langkata (comb.) ...

T.7 Do. (single)

T1.30 Explorations......

Shangbai Lossa .....)

ARABAR

Docks, WharveX,

04/

UNE!

11110111

$60

***

FOREIGN MAILS.

SIBERIAN MAILS..

Isettore ami postoanis for Europa uni the British Islet are forwarded via Sre if so superscribed:

RADIO NOTICES

The Ralia Office, where fall information, conserning all wiralsee serviços may be obtained at all times, is situated on the ground floor of the P. &U, Building in Des Voor Road, next to the Ossarai: Post Oles.

Individuale and dras new, recommended to register their talographis drammatika Eglio Offso. No sharge lamada for this..

NOTICE.

-Hoblers of Wireless-Lipences nen advised that under the-Wireless Tele- graphy Regulations all such licenses expire on December 31st, and that licones for the coming year must be reauwed as early as possible during the month of January,

INWARD MAILS.

FROM

Paa

Australia & Manila

STEAITS

JAPAN..

***

Taiping Cremer Talambo

7th J.. 7th Jan

7th

JATA ...

MANILA

*TRAITE

Tjibadak

8th

Jan.

Alderamin

8th Jan

Kidderpore

Ith Jan,

JAPAN & SHANGHAI

Pushimi Mare

10th 盛世。

London parols, 5th Doc. & STRAITS

Heater

10th Jan.

$311

KUSOPH Vía N20apovaníLottare & Papers

London, 12th Dec, 1919)

T.9

T.1

A U.S.A. (San Francisco, 13th Des 1929), 1

Homolumin, Japan & ShaxorAE CANADA (Victoria, BC., 21st Dec. 1999),

HONOLULU JAPAN & SHANGRAT U.S.A. (San Francisco, 20th Doc. 1929),

Honolulu, JápaN & SKÁNAKAU U.8A (San Francisco, 18th Des. 1829),

HONOLULU, JAPAN & SHANGHAI JAPAN & SHANGHAI ... Jaran 4.BKANOBA.........

Talma

***

1115 Jan.

Pres. Polk

11th Jan.

Bmp of Rusti

18th Jan.

Prea, Taft...

13th Jan.

Korea Maru

13th Jan.

Angers

14th Jan.

CH

17th Jan.

3.6

Raubs .......

si/-

Trench Mines

Godowns, alo.

8145

H.K. & K. Wherfs...

$147

86,65

Providents....

#51

35.55

H.K, Docks

.830

Shanghai Docka ... ***

T.95

1.7:

T.7

New Engineeringa

Tipo Hongkewa............

T.54

Cotton Mills

Ewos

S'hai. Ctons (old)......

(new)...

Do.

Zoong Sings

Lands, Hotels and

Buildinga

H.K. & S. Hotels H.K. Lands

181 Shanghai Lands.

Humphreys

#

Khiva

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are closed 15 minuten earlier than the time given below unless otherwise stated, and where mails are advertised to close at or before 9 am, registered and parcel mails are closed at 6 p.m. on the previous day.

Dairen ... Bangkok

T.16

T.51

T9.40

14

FOR

Pu

Bavana Maru

Sokndal ...

Straits, Ceylon, India, Mauritius, E. & §.,

'Africa, Egypt & EUROPE vis Mar-]| Diomed..' sailles-due Marseilles, 7th February

DATE & TIME

Tase lay, 7th,

10.30 A 10.30 AM Kowloon P.0, Bez. ·1.00 Liters 103 Pu

Q.P.0.

1.45 FW

Bog.

1.0 tera

93)

Japan and EUROPE via Siberia

Nellore Banaider

11.90/12.10 868

Japan

SWADJW...

... Chakang

9.30-

5.00 x, x 5.00 1

Wednesday, 8th,

V

H.K. Realtys

$8.80 $14.40

Shanghai

Swatow....

Chinese Estates

Haiphong

Alderamin

„F'reuzer, Canton

Liangchoro

19.30 M

1.30 r 1.80

Amuy

Thursday,

9th,

$19.30

Hothow, Pakhoi & Haiphong Sandakan

www.

$712

Straits and Calonita

Menado Maru Einang ***

Tolamba

8.30AM 10,30 A

L

$19.60

***

Swatow, Amoy & Foochow ...

Hai Jing

Public Utilities

Peak Traus (old)... $11

$19.20

Tramways ..........

+4

$117 $8,05

Dr.

(new)... $5

171

Star Ferries

Cash.-£180.9.6 (opening), £180;2.6 highest), £173.6 (lowest), £173.10 fclosing).

$193

369/70

823

Macro do.

821

884

4.18

10/

19/-

►

Tons.

10,229

11,001

12,153 25,402

Lights (old)...... $19.60

Do. (new)......

E.K. Electrica... $604

Sandakan Lights

Telephones..................

China Buses......... Tractions tridenti

Do (pref.)......

Industrials

Macgregor ref.),

Cements (comb.)... $15

***

++

Japan and *EUROPE via Siberia...

-trails, Ceylon, India, Mauritius," E & 9.;

Africa, &den, Egypt & Europe "vis Stavaniilen— dao Marseilles, February

Foochow & Wei Hai Wel

121

FAN

9th

[!

Kidderpore

Fushimi Maru

Frea. Polk...

Chip Shing

Parce's 11.30 a

gitore, 12.30 1⁄2 ■-

2.00-

Friday, 10th,

2.30 Kowloons P.U. Reg.

4.80 r

Free, 11th, 9.00 AM, t.P.0. Bog., 11138.45 Lectore 9.30 AM

Saturday, 11th,

1.03 M 5.00

Sunday, 12th,

6.30 AM 8.33 ▲

9.00

T.11

Caldbeck, (ord.)

Manila

T.10

$24

Canton lees

$15

$38.10

157.10

Do

$10.90

$34

(old)... $11

Do,

(new)... $31

Amoy

$8.30

Ropes ******

$8.20

Wei Hai Wei.

81

Chine Sugars.....

$27

Malabon Sugare

899

United Asbestos ...

$5

Three months.-£183.10 (opening), £183.10 (highest), £178.10 (lowest), | £170,12,8 (closing).

Turnover for the week 3875 tona. October November Statistics. Tons. Shipments from

Straits

6,305 Total Supply 12,320 Total Deliveries 10,804 Visible Supply... 25,504

Uopper. Copper has been irregular, the market showing a decline of 15/- for cash and 1/3d, for three months as compared with our last report. The nearer positions have been Ices in demand, buyers no doubt having covered their commitments for the time being, and as offerings have Messrs. Pentreath & Co. have been more freely made the back- forwarded us the following letter wardation disappeared altogether

at one time, and now stands at only · 897) tinted Decembers from Messrs. Hornby Hemelryk & Co., Liverpool. 5/ as compared with £i a week ago.

The market has again been ex-Reports from America are still none tremely quiet during the past week, toc favourable, and a good deal of $18 and values have eased Further to apprehension exists as to the ability of the Association to maintain the the extent of d

present high price of Electrolytic: demand on the part of consumers is no too good and buyers, displaying little confidence in the future, are content to satisfy only their actual requirements. Comparatively quiet conditions have meanwhile prevail. ed on the Standard market:

Options.-Double £4, Single £3. Cash.-£68.10 (opening), £08.17.8 (highest), £67.10 (lowest), £68.7.6 (closing).

CEMENTS have been very much in demand during the last work, the stock rising to $15.10 for cash and $13.50 for March. Very little scrip has actually changed hands, because sellers are scarce, and in spite of continually rising rates cash business has been small. "

The opinion on the Rialto ap pears to be that still higher rates The hopes of lower shipments will be seen. Already people are from the East during November Epeculating on the better output were dissipated when the figures when new machinery is installed at were received yesterday morning. the works which will not be for The total is given as 40,279 tons some time to come (say about a instead of an expected figure of year or so).

43,000 or $4,000 tons, and compares A price of $20 per share very with 47,937 tons in October, shortly is foreseen in more optimis- The distribution of these ship. tic quarters, where it is explained ments was as follows:- that the present rate of exchange

anust favour the export business of U.S.A.

the Company, In any case, it is Continent........

',

November October 28,545 29,230 5.007 4,972

noteworthy that the stock has been United Kingdom 8,301 10,063 dimbing steadily during the past Other outlets..... 3,366 3,672 few months, and over the New

For the present and until prices

Year, holidays has gone from $14 lead to a reduction of output, there to $15.10. For some unaccountable reason, the experts will tell you, seems little chance of any substan- Cements always rise with a strong market.

BANKS have been quiet during the week Shares changed hands at as high as 81,340, but the market eased down before the close of the week when shares were offered at $1,315.

UNIONS have been a very firm market, and very little scrip has come out. Buyers are offering 8358 with no shares offering.

STAR FERRIES were in demand during the week, but no shares came out until buyers touched 872 in their idea of a fair price, whce a few shares were offered.

tial recovery. The consumptive capacity of America for the next few months is a very open question, but there seems to be no doubt that a period of low prices will effect its own cure far better than any attempt to control selling.

8211 30.80

+

41%

Miscellaneous

Dairy Farms....... 8:13

Lane Crawforda... $2.20 Mackintosha

Nanyang Tobacco... $4

Der A. Wings....................

Amusements

$27

$1.30

Constructions .......

$2.05

$12

811811.20

prem.

Sinceres (old)........ 8101

(new).... 891

Do.

Watsons.......| 811}

Wa Powells

B. Ind. G. Bonds... 81%

H.K. Govt. Loan ...)

"

-

$1,30

---

LOCAL AND REGULAR OUTWARD MÀILS."

8104

Nwatow, Ainoy & Formosa

Bangkok via Bwatow...

Manila

+4

•Manila, Australia & New Zealand via

Thursday Llanddue Thursday, Island, 25th January .....

***

Shanghai & Japan Swatow, Amoy and Foochow

Eart

aigon, Ceylon, India, Mauriting, y

and Fouth Afrion, Aden, Egypt & EUROPE vis Marseillor- dinë Marsailles, 14th February

Manila

Inchora Kuaichous...

Hozan Maru

Kwangekow

Emp. of Russia ..

Taiping..

Mishima Mary'....

Monday,

Parcels [Reg.,14th,9.45 1 M Letters 10.30

Tuesday, 14th,

8.30 AM

9.00

13th,

8.50 + L.COM

1.00 PM

Angers...

Koroloon. PO. Reg. ...Letter

Bag. Letters

1.00 PM 1.00 P

Q.P.O..

1.45 PM

2.30 PM

Fres, Taft Foo Shing

4.30 M

t

6.00 M

·

Friday, Per.

17th

Noon

Etter

1.00

Swatow..

+

Straits & Calcutta

Buisang

WEEK DAYS.

SUNDATS & HOLIDAYS

Three months, £68 (opening), £68.17.6 (highest), £67.5 (lowest), £68.2.6, (closing).

.FOE

FROM G.P.O.

Елом ŠKKUNGWAN BRANCH.P.O.

FLOX FROM SHEUNGWAN G.P.O, BRANCH

P.O.

Straits, Ceylon, India, Mauritius, E. & 8, Afries, Ade, Egypt & EUROPE via Marseilles-dus Marseilles, 15th February

Khiva

Turnover for the week 3,625 tons.

Canton

* Buperscrited correspondence only.

i Kowloon P.Ó.

Parcala 4.30 P✯ Rig 18th,9,00 M

etters 10.00

a.P.0.

B., 17th, 8.00 leg,18th, 9.45 AM Cellars

10.30 AM

YEAR'S COMMERCE IN

AMERICA.

· FAVOURABLE. REVIEW BY MR. ROBERT P. LAMONT

Macao & Trinaban

Kongmoon (except Saturdays). Kankong (except Saturdays)... Fatshan (By Train)

T3,0

Tai Po ...

The present range of prices is too

Washington, Jan. 1—A statement low for a further serious decline issued, by Mr. Robert P, Lamont, and we are inclined to think that Secretary of Commerce, said that purchases of forward positions on

business in the United States dur any further setback will prove pro-ing 1920 reached a higher level than fitable, although a good deal of patience will probably be required.

Measured by quantities rather than by value, manufacturing broke Shumchan all records. Employment and also wages in the manufacturing indus try exceeded levels of 1928.

Stocks continue to increase London 62,338 tons, Liverpool 17,752 tons; a total increase of 1,739 tons.

Our New York correspondents ELECTRICS have been in de cabled during the week-end that the rand and business was recorded uncertain outlook for the automo- nt $69.75, although some shares bile industry is limiting manufae changed hands at tea.

Fturers' interest. In a cable to CHINA PROVIDENTS came in hand this morning, they say that for quite a brisk business, and December liquidation is proceeding. THEY TOO mutarbutzman bioflrenderly and kebenarger-disaleze again, and at the close, could bolare'absorbing offerings. Speculative had at $5.55.

interest is negligible.

ever.

Choungohow

Commodity prices have been steady. Dividends of industrial Aberdeen and utility concerns have been grea Stanley

ter by 20 per cent, while failures Autan, Fingshan, Sautin declined 7 per cent.

Shatin, Shataukok and Sboungehui Balkung

(Fumaa)

Construction was the only branch afbusiness, which showed deeresand activity, according to the Secret-

ary's statement.

(7.15 am. £} 16.00 p

7,80 2.m. 7.00 p.m.

7.15.m. & 7.30 n.m.' 11.16 p.m.

1.30 p.m.

5.00 P

6.00 1,00. 6.00 p.m.

7.15 am.

1.00 4.1.

7.15 பூம்

( 9.00 A.ží. &

1.2.00 p.m.

9.00 am &

3.00 p.m. 11.30 pm & 4.30 p.m. Haturdays 1.00 4.30 p.zt.

7.15 am, & 6.00 p. Bundays (5p.m. only

[7.15 am 1.15 p. 4.Sundays 1.8.15 Lonly

5.00 p.m.

9,00 A.m 9.00 a..

"11.0 am.

(11.00a.m.

& 4.30 pm

(7.30 a.m, &

7.00 pm. Sundays 7.00 p.m. Lonly

7.30.a.m. 1.30 p Sundays 8.80 8. Lonly

6,00 p

4.00 p.m.

WHEN YOU ARE DUE FOR LEAVE

Send a Chit to 11, Ice House Street.

and order the Hongkong Weekly Press to be sent to you for---

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Six months.

Twelve months

$3.75

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10.80a.m.

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