1930-01-21 — Page 11

Money and

Markets

GOSSIP FROM THE SHARE MARKET.

יו

GENERAL CLEARING UP BEFORE "CHINESE NEW NEW YEAR.

FREE ADVICE FOR INVESTORS.

[By "ŒUFAN."]

Gossip often moves the market, | a nomme de plume be also in but no investor should either buy eluded, so that the correspondent or sell on market gaisip only, ean readily pick out the

The

intended for him.

volume of business put through in the sbare-market fast week was very encouraging, this being due äretly to the influence of the January. Settlebent, and secondly to the near approach of Chinese New Year.

At the time of writing thero ap- pear to be as many sellers about as there are buyers, and this pro- ably explains why prices have not appreciated noticeably. Some of the business recorded was merely in adjustment of the January Settlement, but with the Chinese year coming to a close, many brokers have received orders to, sel scrip and realise cash for the end-of-the-year settlement among the Chineso

banks and bongs. Practically all local stocks came in for some attention, but Hotels, Cements, and Electrics were dealt with in bigger volume than the rest of our local stocks.

The Shanghai market, according to news received locally by brokers, is still in a state of turmoil, and the cutlook is not by any means hright. For a considerable time, it is feared, the disturbing effects of the last December Settlement will overshadow the market, and those who have invested in Shang hai stocks cannot, for the time being at least, look forward to any improvement.

+

HONG-KONG BANKS.-In spite of the reduced dividend, Bank shares still appear to be in demand at $1,265. A few shares changed hands at this rate, and more could be placed at this figure.

UNDERWRITERS. - Shares this Company changed hande at $1.60 and there are further buyere at this figure.

•

•

in

UNIONS were sold at $77 to $30, and there are further buyers At $377. Shares are offering at $380.

KOWLOON. WHARVES что wanted at 8145, but I have not heard of any businces being done in this stock.

PROVIDENTS receded slightly during the week, after sales took place at 85.-15. Further business was put through at 85.30, and at this rate there are mere huyers, in the market than sellers.

*

HONG KONG HOTELS have been the medium of a fairly large businces at various rates between $12.40 and 812.80. They closed with huyers at $12.60 on Saturday and

answer

Every effort will be made to make the reply as full and complete as possible. but the writer assumes no

Lor responsibility whatever the information given.

Those who have written in during the week will find answers to their queries below:-

ANXIOUS: The continual drop in the price of your holdings is due to the fect that the Company is contemplating a further call of This will naturally react more quickly on a low-priced stock than on a bigger company, Prospects are quite good. Hold

81.

on.

THE HONG KONG

CANTON TRADE NOTES.

DAILY PRESS, TUESDAY, JANUARY 21, 1930.

Demand for kerosene by both local ami country merchants is limited, but prices are normal.

*

There is a slight increase in the prices of flour, due to brisk demand. The market in Hong Kong is similarly active.

DAILY SHARE QUOTATIONS.

HONG KONG STOCK EXCHANGE.

SHAREBROKERS' ASSOCIATION.

bayers Betere Salon Sominal

MONDAY. JANUARY 20.

Buyere Bellero

Bales Nominal

Banks

༔,

$1,305

2116 £19

£15

Demand for case molaanes is brisk, and prices have gone up. Supplies from Malaya not being plentiful, prices are expected to ge advance in the near future.

Leather merchants have been do ing quite well, the demand for leather articles by the troops being exceedingly brisk. There is a notice- T160 able decline recently, however, due to keen local competition.

"

The price of firewood in Kong mon la exceedingly high, due to the Firewood of shortage of arrivals. common grade is sold at over 81.30 per picul at present, the highest price on record in that city,

,#

are

Embroidery shops moderate business. This is one of doing the principal industries of Canton, but embroidery is costly and rather out of fashion. Business is now done with theatrical performers and foreigners. To meet the demand of the latter, quantities of embroidered haskerchiefs, dresses, cloaks, etc. are exported annually.

A

.

TIP-The business in Canton of The cotton yara market bas the company mentioned in your revived. During the past two days letter has not been so good over many orders have been hooked by the last twelve months, but local Fatshan merchants for fine yarns of ly the summer months have Japanese origin. Retail sales were proved very profitable, and I also large. Quotations for fine should say there is no reason to yarns rose by two to three dollars assume that the same dividend per bale on Sunday, while prices as last year will not be paid. of other varieties rose by about one. dollar. According to a Shanghai IMPORT-Holders of this stock are telegram dated the 19th instant, very strong, and very few shares stocks of Japanese yarns were limit are coming into the marketed and prices were atendy.. Prices ought to be maintained, even if they do not go up. More than that I cannot say.

+

*

"O.K.-The present price is about correct, but if a better dividend

*

or

Dealers in clocks are doing ex- ceedingly well in recent months, and are making very good profits. Clocks which formerly were used for time-keeping are nowadays exten-

is paid next rear, which, how-sively used for decoration purposes. ever seems unlikely, a small rise | Old-fashioned clocks have been re- should be seen.

placed by more attractive looking ones, especially in shops and stores. Wrist-watches are no longer stylish, and the demand for "pocket" watches is very brisk. In selling a watch a net profit of at least 50 is made.

*

*

$715

$9

$379

$340 898

⠀⠀⠀!!!

$4.70

$144)|

#

$1,300

***

£19+

£34

£15

$98

Estekokis

F.K. Banks

Do. (London)... Chartered Banks ... Mercantile Rks. "A"

C

Da. Bank of East Asia...

Insurances

Cantor Ins.

Underwriters.....$1.65

North China

Union Ins...te

M.450 Yangtze Ins......

China Fires *********

H.K. Fires

Shipping

***

$715

8379

· 1910

$925

!!!!!!!

FOREIGN MAILS.

RADIO NOTICES.

The Radio Oleo, where full information concerning all wirela services may be obtaine? at all times, is situated on the ground door of the P. & U Building in Don Vaux Boad, next to the General Post Odios,

Individuals and frus are recommended to register their telegraphic ad dresses at the Radio Ofice. No charge in made for this

NOTICE.

Holders of Wiraloss Licances are advised that under the Wireless Tela. graphy Regulations all such hooness expira os Doomber 31st, and that liconose for the coming year must be reaswed as osely as possible during the month of January.

SHANGHAI & DWATOW

EUROPE via Neo-razam (Letters only

London, 26th D. cember, 1929)

JAPAN & SHANGHAI

Van Houtas Montevideo Haru Antonor

---

Mirnapore... Srocknen ***

...you Maju

Bakazaki Mary

J Pres. Adayla

INWARD MAILS.

*xc*

Pu

Στε

T160

$80

BTRAITS JAPAN

21st Jan.

21st Jan.

JAPAN & SHANGHAI

21st Jan.

SHANGHAI

2in1 Jan.

s3rd Jan.

825

Douglases .......

...994

$3rd 8414

6373

Steamboata

D.S.A. (San Francisco, 7th Dec., 1990)

343

Indos (pref).........

$50

$70

Do. (def.)

$90

HONOLULU, JAPAX & SWARGH SI MANILA

Pro MeKinley

£5th Jan. 26th Jan.

Water-bout

93/10 Shall Transports ... $23}

951. 07/6

08.A. (San Francisco, 3rd January

HONOLULU, JAPAN & SHANGHAI

Fres. Jeforac

27th" Jan."

JAPAN & STANU › AT..

Sphinx

18th Jan

Mining

USA (Seattle, 11th Jan.), CANADA,,

T.144

JAPAN & SHANGHAI ... CANADA (Viotoris, B.O., 11th Jany

U.8.A., HONOLULU JAPAN JE SHANɑuai]] Emp. of Axia HANILA

Pras. Jafarson

Proe, Gront

Sjat Jan.

2nd Feb.

3rd Feb.

**

$51.

Benquets....

Kailans...

T13.60 Langkats (comb.)

T.7 Do. (single) T.0 Explorations....

Shanghai Loans

Godowns, "sta.

!!!

A⠀⠀

સંબંધ

For

Piz

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are cloand 15 minutes earlier than the time given below unless othergise stated, and where mails are advertised to close at or before am. registered and parcel mails are closed at 5 p.m. on the previous day. ·

DATE & TIR

Tuesday, 1int,

9.00 & X 9.30 A

Farcels 11.30 & M Letters 19.30

9.30 TM 230 r

9.53 M

***

T.3

$19

Raabe ****

$121

21/-

Tronoh Mines

20/-

Docks, Wharyes,

***

$57 $5.40

HK. & K. Wharfs... Providents

$144)

$51

$31+ H.K. Docks

$30 T.105

T.7

T.71

Fort Bayard

Wing Wo...

Hanila...

Tribadak

Straits and Calcutta

Takada

Saigon

Apocy

T10.60

Swatow ..

Anhui

T.83

T.53

*Strait and parcels only for Germany via

*

Hamburg-

Ausbury

T.960

Koroloons P.O.

Straita, Ceylon, ludia, Mxuntins, E. & *8. Afrios, Egypt à EUROPH via Mar- Beilles--due Marseilles, 19th February}{

Regi

4,30 m

Antenor

4.30 rx

G.P.U.

deg.

5.00 K

alters

$12.70

6,00 »

$12.60 385

$05

Shanghai Lands ....

Amoy SW_DOW

Borang

5.00 *

T.172

$14

88.00

H.K. Realtys

$8,65

Humphreys

$14.20

Hangmang-

Tayo Maru

5.00 x

Big. Letters

5.03 FM

Chinese Estates

6.00 P

+

Beg Wednesday, 22nd Colter

5.00 P

$15.40 T.83

+

TH

T.100 Shanghai Docks...

New Engineerings

T.190) Hongkews .......

Ootton Kills

EWOR

Shai. Ctons (old)...] Do. (new)...]

T.10 Zoong Singa

Lands, Hotels and Buildings

H.K. & S. Hotels HK. Lands

2014

$8.05 $73

$194

3711 $71

823

Trade conditions in Wuchow have been had since last year, in con- $18.70 sequence of the repeated warfare in Kwenge, coupled with the depre ciation in the value of the Kwangsi Provincial banknotes issued by the Kwangsi Clique. Shipping firms have suffered most. Not only was business suspended during the fight- ing, but their vessels were comman deered by the troops and penalties:89.53 were extorted by bandits. Business T.15 in Wuchow will not revive until the present military activities in Kwangsi come to an end.

BONUS The Company may

may not give the bonus sharee. Figures show they are able to do en, but there may be other em-1920 ployment waiting for the money which they have made for the last few years. It depends, at the moment, on the directors. YL.L. No. 1. No. Although you slate you can get a return of 6 per cent. this year, and possibly more in future, I do not adries you to buy this stok, as there are other helter and sounder stocks in the market with better returns. Why not think about an investment in Humphreys No. 2. According to figures of the Company, such an investment in not reasonable. There are, how ever, other things to consider. The Company has a bright future, and if you can "lock up several years, such an investment might prove profitable. Otherwise buying this stock is too much of a gamble.

for

appear to be very steady at this THE SILVER MARKET

rate.

HONG KONG LANDS are want- ed at 865, but very little business has been done in this stock,

HUMPHREYS.—A few shares changed hands at $1490, and there are further buyers at this price.

*

There are quite a number of in quiries for TRAMS at $18.50. but sellers are holding off for higher rates. I anticipate a slight rise in this stock in the not distant future. STAR FERRIES have buyers at $70 and sellers at $71,

*

CHINA LIGHTS receded slightly during the week after sales had taken place at 820. They closed with buyers offering $19.00, with good business occurring at the in- tervening rates.

ELECTRICS changed hands at $73 to $71.73. They closed slightly easier, buyers only offering 871 and sellers asking for $71,25.

•

CEMENTS. A fairly large busi- ness was done in this stock at rates varying between 211.50 and $15. There were buyers at the close of

the week at 814.90..

EWOS.-Quite. large number

STRONGER TENDENCY SHOWN ON SHANGHAI EXCHANGE.

"

NANKING, Jan. 13. While official circles believe that the fundamental solution for the present silver market lies in the restoration of peace in the country and the free movement of goods the money,

Ministry Industry, Commerce and Labour,

god

of

!!!

$19

Shanghai, Japan, Honolulu, U.A., Canada, C. 8. America & EUROPE ria San Francisco-dus San Francisco, 19th Feb, & UROPE via Biborin Manila, Australia and New Zealand vin Thursday Island-dua Thursday Jaland, 3rd February

++

Aki Maru

Poocho

Tourana ...

Swatow and Amoy Amay

*

"Pubilo Utilities

Tramways

********* $18.80. Peak Trams (old)... $11

Dr. (new).. $5 Star Ferries ...

STU C. Lighta (old)..... 819.75

Do. (new)......

H.K. Electrics - $71

Macno do.

Sandakan Lights ....

Telephones..........

Do (pref.)......

$94

Shanghai & Dalny

Straits, Ceylon, India, Mauritius. E. §. 3.1

Africa & *South Americas Ports ...

Hoitow, Pakhoi & Haiphong Japan, Canada, U.S.A 10 & 3.)

America & "BUROPE vis Victoria, B.C, -dus Victoria, B.Q., 18th Feb. "and" EUROPE via Siberis

Dung trong Fuang Yan Houten Changtis... Chenan....

Montevideo Mora

China Buses

Tractions

10/

Macgregorrof.)}

Canton Ices********

Industrials

T.11

Caldbeck, ford)

T.10

RUMOURS OF CORNER IN SILVER,

$24

$21

Straits & Calcutta

$1480 $15.10 14.65/90

$31

Cements (comb). $14.80

14.00/ 15

Silt

Marita

Do

(old)...

8112

Do.

COUP INVOLVING FIVE

.. (now)...

$37

$7.40

-10

Ropes

$7

81.

China Sugars ........................

Ho.how & Haiphong

827

Malabon Sugars ...

Swatow, Amoy and Foochow

829

35

***

MILLION OUNCES.

New York, January 13-Messrs Handy & Harmon, silver bullion specialists, to-day received private advices to the effect that one, Chimantan Motilal, an aged In dian, has virtually cornered the bar silver market by purchasing 5,000,000 ounces of bar silver for near future delivery.

48

Motilal has been bidding up to compared with the official price in New York of 48.3/8. now dictate his prices.

$0.80 $28

⠀⠀

::::

United Asbestos...

Miscellaneous

Do.

8.80 AN

Wednesday, 22nd,

9.30 & 10.30 A M

19,80 M

130"

1.30 P

1,33 PM

Thursday, 23rd,

8.30A

Reg.

9.45 & X

Letters 10.30▲ M

Menado Maru

+4

Ixion

Kumeang

Par

Letters

Noon

1.00

Iowa

4.00 P

FAC

Friday,

24th,

New Mathilde Haiyang

8.33 A

1.09 PM

Ermita, Caylon, India, Mauritius, E. & S.y). Africa, Aden, Egypt & Evrope vis Merrily due Marseilles 23rd February

Hokosaki Maru {

Kowloon F.U:

Reg. 480

26th,9.00*

1.P.O.

Rog. 25th,8.45 ठLetters 939 A

Saturds, 6th,

6.00 PM 5.00 7 =

Balay, 26th...

8.30 AM 9:00 A 9.00 AM

Monday, 27th,

244

+

iwstaw, Amov & Formoss. Bangkok via Swa'ow

-

$20.60

Dairy Farms

$20

Der A. Wings..

Amusements

328

$1 30

Constructions

$1.10

Manila

Lane Crawfords

$2.15

Foochow & Wei Hai Wei

Free, Adams Uhsong Shing

$18

Mackintoshs

Nanyang Tobacco... 84

$12

Sincerea (old)...

S101

Shanghai

(new) 807

It is believed that Motilal will

∙$11.10

Watsons...e

811

Duszra... Broza Baru Kiang...

$24

Wm. Powells.

22

B. Ind. G.8 Bonds... 61%

5%

prem

H.K. Govt. Loan

$104

Japan and South American Porta sad)|

EUROPE vix Siberia

---}}

Bokuyo Maru

#

10.30 AM

Parcels

3.00

NEW YORK STOCK EXCHANGE.

Pres. MoKinley

Beg

4.15 PM

Bog.

GOP

Beg..

5.00 M

Pra. Makinley

Letters

6.00.

Brochow

500 M

Tuse jay, 181b,

LyoMars ...

8.30 AM

in a ministerial order issued last night to the Shanghai Gold Bar Gold bars, after opening at 465.50, weat as high as 474, finally to come Exchange, at the same time, in-

to 458.70 and to close at structs that reckless speculation | down

aust be stopped so as not to upset 461.20.

Inter-bank sterling rates down for March, the lowest being

Import merchants' rates quoted between 20 and 21.

the market farther.

"The original

Gold Bar Exchanges of the soy and the highest 21).

3

were

теге

A Correction by Kuo Min. Shanghai, Jan. 13.-It was learn,

LEADING INDUSTRIALS

BEGIN TO LIVEN UP..

New York, January 13.-Rails, Amusements and the leading in- dustrials livened up during the

points out the order, "was to facilitate the maintenance of a state of equili- brium in the market as well as to promote commerce, and any mani- pulation of the Exchange for the purpose of upsetting the marketed at the local office of the Minisclose of an otherwise light session not only runs counter to the pur- pose thereof, but also constitutes a violation of the country's Law and must, therefore, be strictly pro- hibited,"

In another telegram addressed jointly to the Shanghai Office of

of shares changed bands locally at the Ministry, the Social Affairs

Tls. 15.80 to The 15.00. The rate went down further at the close, when buyers were only offering

815.40.

REPLIES TO READERS.

The Daily Press offers a special service to renilere interested in the Hong Kong, Shanghai or Singapore share market. Every week in this columns replion will be given to readers who have written in for information,

Letters must be addressed to "Kuras, care of the Editor and as the name and address of the car respondent must be enclosed, not for publication. It is desirable that

|

Bureau of the Special Municipalitý and the Bankers' Association, the Ministry instructs them to devise appropriate local measures to assist the Central Government in coping with the situation.

A Stronger Tendency. The silver market yesterday showed a much stronger tendency en account of a better feeling re- garding the future of the white

try of Finance that an error by im- on the New York Stock Exchange plication had crept into a tranɛla- tion of Mr. T. V. Soong's remarks to-day, says the daily review of the with regard to the question of the Dow Jones Financial News Agency. adoption of the gold standard. lation read:

Mr. Soong's statement; in transly the entire list advanced fraction- In the course of the trading near

ally or up to three points.

Bails in Demand,

ed to climb slowly, closing at 211, Japan, Honoluin. UB.A. Canada, C. & §. Amerien, & ⭑EUROPE via San Fran. up 1

cisco-dusßan Francisco, 19th Febuary

Shanghai & "EUROPE via Siberia Saator...

General Railway Signal held on at 90%. American & Foreign Po. wer led the utilities. Consolidated Gas of New York moved up to 101. Standard Gas & Electric ad- vanced to 115 The utilities average was up .33... General Mo- tora and Nash were leaders among the automobiles with a close for the former 39%, up . Chrysler was up to 36. Packard, closing 133, was off.

at

The Dow Jones average for 30 General Electric closed up two industrials was up .81, to 249.02. points to 2483. Johns Manville was up to a close of 1271. Vanadium was up i to saj.

U.S. Steel continued to advance, closing at 171, up 1 from Satur-

American Rolling Mill was up & point to 87. Bales for the day come to only 1,462,580 shares, “a” small total for a full day's trading. Call money was quoted at 44 per cont.

Cotton Prices, "Washington, January 13.-A new trolled Cotton Cooperative Associa $30,000,000 farmer-owned and con- tion was incorporated in the State of Delaware to-day.

"It has been suggested in some quarters that the adoption of the gold standard in China would Pennsylvania featured the rails, tend to decrease the demand for since its rights expire on Wednesday, Bethlehem closed at 00. silver. No plans are in contem- day, and tradera anticipate an ac plation that would involve the tive demand for the stock there circulation of gold coins-in-after. Other rails-and-equipments China. Indeed, monetary reform were niso demanded. The Dow in this country will inevitably re- Jones rail average was up 09 to quire a largely increased circula- stand at 148.31. New York Central tion of silver coins."

closed up 14 to 1703. Eric advanc

Canadian This paragraph cannot be inter-ed 1, closing at 08. preted to mean that a gold standard 1951. Chicago Northwestern closed Pacific moved up 1 to close at metal. The improvement was at- is not being contemplated. tributed also to Dalny merchants simply meant that even if a gold at 851, up. Rock Island and and speculators who came out as

standard should be adopted, the Union Pacific were both off, the for- heavy sellers of gold currencies, Ministry of Finance does not plan mer by a. point to 115) and the lat

Banks are still adopting the same attitude, namely, to operate only

It is hoped that the organization to employ gold coins for circulation tor by to 217.

will assist in marketing cotton, pre- against win Ching but that ailes caine Filleting dumpingferien

continue to be used and in larger amount Famous Lasky closed up a overloaded market and thus helping (Continued on next Oolumn). quantities.

point, to 52. Fox Film "A" continu-to hold prices up.."

It

•

:』

Shanghai & Japan

India,

Mauritius,

aigon, Ceylon,

East and South Africa. Aden, Sphine Egypt & EUROPE vis Marsaillon- dae Marseilles, 28th February

Sandakan

walow, Amoy & Foochow

Manila

Amoy

Mauiang... Haining

Pres, Jeferson

Tran

Straits, Ceylon, India, Mauritius, E. & 8.

Africa, Aden, Egypt & EUROPE, Mantua... vis Marsailles-düe Marseilles, 28th

·February-

Kari's

Japan, Canada, USA, C. & S. AmericaĮ & EUROPE Tis Victoria, B.O das Vistoria, B.U., 21st February...)

Shanghai and "HUROPE vin Siberia

Pres. Grant

Kowloon PU. Beg. 1.00 # Letters 1.00 Pa G.P.O.

Letters 2.30.

16 F

1,90 # 2.00 P

4.30

Wednesday 19th,

Friday Sist. Kowloon P.O.

Par 31st, 9.00 A Reg. 1b, 9.00AM- ...Letters 10.00 AM

Pres. Jefferson ..

G.2.0. Par, 81st, 9,00 m Bog, 1st, 9.45 AM Letters 10,80

-FEBRUARY- Saturday, 'st Noon

Brd, 8.00 7 M

Monday Parcels

Reg.

4.13

Lettora 5.00 Beg

2.00 AM Pres. Jefferson...Letters

*Superscribed currsepondence only.

6.00