1930-01-28 — Page 11

Money and Markets

GOSSIP FROM THE SHARE MARKET.

"

MILD. "BOOM IN SIGHT: LOCAL STOCKS ON THE RISE,

FREE ADVICE FOR INVESTORS.

[BY KUFAN."]

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

For the past week business in the share market had been fairly active, and come very large parcels of shares are reported to have changed hands. Itates, on the whole, show ed a marked improvement, and particularly in the case of China Lights, Cements, and Dairy Farmns.

The January Settlement passed off satisfactorily, and it is very on couraging to those interested in the local share-market to see this con- tinual improvement in the situation, as there can be no surer sign that

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CHINA LIGHTS-There was craze for these shares during the week and the rate touched 2.30 at one time. This is a wou derful jump, and is reminiscent of the time when shares went up several points through more specu lation. The rapid ris brought out any sellers, and the shares were slightly easier on Saturday."

#

•

HONG KONG ELECTRICS were done at 871 and 871.30, and there are still buyers at the latter figure for fairly large parcels,

.

*

rose steadily from $14.65 to $15.35, dad the market closed on Saturday with buyers offering $18.40 for cash shares.

*

HONG KONG ROPES were done at 8, but also appreciated slightly towards the close of the week, the buying rate at the close being $7.50.

+

•

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THE HONG KONG DAILY PRESS, TUESDAY, JANUARY 28, 1930.

JAPAN-CHINA PAPER DAILY SHARE QUOTATIONS.

TRADE.

POLICY OF THE JAPANESE PAPER MANUFACTURERS"- 'ASSOCIATION.

HONG KONG STOCK EXCHANGE.

SHAREBROKERS' ASSOCIATION.

1:8:8:

11

FOREIGN MAILS.

RADIO NOTICES

The Radio Office, where full information concerning all wireissa zorricon may be obtained at all times, is sitasted on the ground foor of the F. & O. Building in Don Vaar Road, next to the General Post 0:00

individuale and firms are recommended to register their wlographic al drasane at the Radio Oos. No charge is m de for this.

CHINESE NEW YEAR HOLIDAYS.

On Thursday, 30th January, the G.P.O.And Branch Post Offices will bo eatrely closed; on Friday, Slat, and Saturday, 1st February, the G.F.0.will be open each day from 8 am to 10.30 am, and the Branch Post Offices from B am. fo. 9 am,

On Thanday there will be no collection from the pillar toxor and no delivery by postmen but ordinary correspondence may be abla ned at the back counter at the south-west corner of the General Post Office Building, ground floor,

On Friday and Saturday t we will be one collection from the pilar bores, and one delivery of ordinary correspondance esot day as on Sundays, and one delivery of registered correspondence each day at 9,

The Money Onier Office will be entirely closed daring the Holidays.

Bellers Sale Nomibą?

MONDAY. JANUARY 27.

SATIN Buy Sellars

Nina!

Banks

The Japanese Paper Manufactur ers' Association, reports the Japan Times, may before long adopt a resolution for quoting specially low export prices for the China market to offset the recent violent decline in bar silver prices. This policy 898 is in keeping with the Association's stand for encouraging China traffic in paper for which the organization has been granting a special bounty to the companies catering to that crade taking effect since November T160 last year.

$1,310

H.K. Banks

$1,310

£115

217)

Do (London) ...{ Chartered Banks

Marcantile Bks. "A"

1£151

Do.

པཀྐུ་

Bank of East Asia...

£15 396

*

Insurances

Canton Ips.

$718

#715

Underwriters

$1.65

North China.ren

T160

has

3379

$340 $526

Union Insan

8375

$380

INWARD MAILS.

M.800 Yangtze Ins..

China Fires

1310

H.K. Fires

$995

F30

Pa

DJ

Shipping

SHANGHAI & AKOT

Shann

28th

Jan.

$25

Douglases

$24

JEPAN

*

Ndiora

23th

Jan

2871

Steamboats

327

JAPAN & SEASONAL..

Sphina

29th Jan.

$43

Indos (pref.)

850

AIGON

Andre Lebon

wyth

11.

$70

Do. (dat.)

890

CALCUTTA & STRAT-S

sao Bang

29th Jan,

96/3

Shell Transporta

03/6

96/.

'Kunora via bę (Letters & papers, Lon-

$231

Water-bout.........

823

don, Eu Jin, de parcels, röth

Macedonia

3.th Jan

19:9)

***

Kining

U.S.A. (Seattle, 11th Jan.), CaĦADA,

JAPAN & BUANGHAI

Pre Gran!

Sist Jan.

Benqucts..

32/6

Kailin

54/.

T13.60 Langkata (comb.)

1.71 De. (single)

T.141 T9

147

CANADA (Victoria, BO, 11th Jan.),

U.S.A., HomoLULU,JAPA# & DEFINUBAI) MANILA

Emp. of Aria

Pres. Jafortun

3rd Feb. 3rd Feb,

21.30 Explorations......

T.1

T.5

Shanghai Loans ....

$13)

$13+

Rauba! $13

$138

H

21/-

Tronoh Mizos "......!

Docks, Wharves,

to

The recent" silver debacle caused apprehension of this traffic suffering sudden contraction be cause of reduced purchasing power of the Chinese population and the leaders of Japan's paper manu- facturing industry have come the view that a

proper remedy should be applied before it is too late in order to have this traffic going on undisturbed. A meeting of the directors at an early date at which to discuss practical means believed to be a certainty. of holding up that trade is

DOW

China

descriptions to points in

Japanese exports of paper of all 84.70 er div. take the proportions of ¥1,900,000 monthly, easily the most important customer country for the product. Paper mills in this country now operating at reduced capacity because of slow consumption at home, and can scarcely afford to suffer any serious contraction China consumption.

про

in

$145) $5.35

3144 $5.40/45

T.123

CEMENTS Here again a fairly the confidence of the inveeting pub large parcel of shares changed lie is growing daily in the stocks"bands, which eventually led to an and shares of Hong Kong This improvement in the rate. Shares manifestation, coming as it does on the eve of the Chinese New Year, has a further significance. Usually rates tend to drop at this period of the year, but the tone of the market at present is such that there are! plenty of buyers about, and cash buying orders appear to he fairly liberally senttered, evidence of the fact that there is plenty of loose "

Sugar Trade Picks Up. money in the Colony waiting to be

The returning stability of silver, invested. First-class investments,

DAIRY FARMS-This stock took however, is the signal for Japanese therefore, should maintain their quite a big jump on Saturday mort sugar refining companies receiving prices, if they do not actually soaring, when a report was circulated firm Inquiries or orders

from after the New Year.

that an increased dividend would be Shanghai and other Chinese paid. On Friday shares changed markets during the past several hands at $20.75, but on Saturday days. The Japan Sugar Refining 823 was being paid for shares. "One Company has booked a 50,000 bag or two fairly large parcels changed business through Mitaui and Japan ownership. The rise was bit Sugar Trading for January ship- precipitous, and late Saturdayment at Y6.50 c.i.f. Shanghai, and morning there were sellers at $23. the Tajwan Sugar Refining Com pany also is reported to have book- ed å modest business for the same

worst is now about over destination. The impression is pre- vailing at the present time that the $1280 China silver situation and that T.200 $651

from now on traffic in angar and

$14.10 other staple products should be re- viving.

The rapid drop in exchange and the continued low value of silver is Another factor which will help to boost the share-market after the Chinese New Year, for the simple reason that a good amount of money that might otherwise have found its way out of the Colony is being kept back, and in some cases invented.

"boom"

*

л

The

LANE CRAWFORD-After being This is the period of the year also this stock re-appeared on the scene neglected for a considerable time whee most Companies pay out their and improved from a buying rate dividends. Several million dollare of 2.15 to $3. find their way into the pockets of shareholders during this period, and

EWOS-Quite a number of shares there seem to be very good grounds for anticipating a mild, sort of changed hands at various rates be-

alter the Chinese New tween Fis. 13 and Tls. 16.50. Year. In this conacetion it is in re during the week was in sym- teresting to note that several com-pathy" with the rise in other stocks. panies are paying bigger dividends on 1929 working than on the years, following the general strike in 1925. This is sure sign that the Colony has got over, to a very great ex- tent, the fin usiness which fol- lowed in the wake of the strike in

1925,

REPLIES TO READERS.

And

Readers of the Daily Press are invited to write to Kafan, care of the Editor, if they wish for any information regarding the local share market, the prospect of any HONG KONG BANKS changed stock, questions of custom

practice, etc. Information not only hands at $1,310 and $1,315 during of the Hong Kong market, but also the past week, and more shares are of Shanghai and Singapore, can be wanted. Rates will probably go up this week, as sellers are scarce at given. "Replies will appear in this the present price.

column every Tuesday.

Correspondents must send their names and addresses, not for pub nomme de plume be included in It is desirable that a order" that correspondents may easily pick out the answers intended for them.

*

UNION INSURANCE were sold nt 8377.50 and $350 during the past week, and there are more sellers in the market at the latter figure.

*

CHINA UNDERWRITERS are sought after at 31.05.

lication.

Every effort will be made to give as full and complete an answer as possible, but this is done on the

WHARVES-A small demand set dictinet understanding that in for this stock, and after shares responsibility whatever is thereby

were 'transacted at $144 and $143; admitted.

buyere, I understand, went up in Those who have written in last their ideas and were offering $146.50 werk will find answers to their without finding response. Rates questions below:- should improve during the present ..week.

PROVIDENTS also showed a slight improvement during the week, and although at the com- mencement business was recorded at 83.30, towards the end 8.60 had to be paid, and just before the close of business buyers were offering this figure without any business materialising

HONG KONG HOTELS have re- mained fairly steady, but here also a. demand was noted on Friday and Saturday. They opened at 812.70 and $12.30, at which figures there were buyers aplenty and quite a few big parcels were taken up. Then the demand 'set in, and all the shares offering at $12.50 were snapped up, and at the close of business there were no pellers under 813,

12

HONG KONG LANDS having declared their ustial dividend of $ per share are now in request at $64.50.

HONG KONG TRAMS- This stock also shared in the general im- provement in the market. Just be fore the January Settlement they were done at $18.75 and $18.80, but bn Saturday morning they came into "favour, and such shares as were offering at $10 were taken up. Rates improved to 810.25 at the close.

+

"STAR" FERRIES The pros pect of an increased dividend is moving the markot," and the price of this stock appreciated to 873 without attracting wellers, More will have to be paid, I am afraid, . before another deal in Ferries, goes

on the books,

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CBTK (CANTON-Please wait until the next appearance of this column. The market is now very strong, and it would be to your advantage if you wait until Chi- nese New Year is over before making any decision to sell. I want to consider your. position thoroughly.

*

LOFTEY—I have no means of veri. fying the information you seek. An investment in these shares is

in

the

T.198

+308

THI

$12.86

$5.45

Godowns, etc.

H.K. & K. Wharfa... 8146

Providenta .....

H.K. Docks .....

Shanghai Docks New Engineering's

Hongkowa

Colton Mi

S'hai. C'tona (old)...|

$18.00

E

T34 7.10

Da (na)...

Zoong Sings

$19.80

Lands, Hotels and Balldings

HK. & S. Hotela

H.K. Lands

********** 1851

Shanghai Landa

$8.55 H.K. Realtys 88

Chinese Estates

HL

Humphreya --

$14.35)

C. Lights (old).............. 1924

⠀⠀IN

##1

22.75/.[80

3711

$9.60

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are closed 15 minutes 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 5 p.m. on the previous day.

East and South Africa, Aden, Sphinn

"Egypt & EUROPE via Marseilles--

Fort Bayard, Hahow, Farhoi & Eaiphong kin

Swatow, Amoy à Formoss,

Pres, Jefferson

Van Houtez

Takliwa

Deli Maru

14.

Wednesday, 29th,

103>A

10:30 AM

6.00 A

Pr

DATE & TIME

$30 T.105 T.71

Tuzaley, 28th,"

Shanghai & Japan

IgaMaru

Jara ria Batavia

Troca...

Straits 44

Yamagata Maru...

Kowloon PO.

T16.60

aigon, Caylos, India, *Mauritius,

Beg

T.83

Letters

T.55

Q.P.O.

T.81

dae Marseilles, 28th February

Big,

Letters

Sandakan

P

Havsang...

*

누하

Swatow, Amoy & Foochow

Saigon....

***

Haining...

Pong Tong

8,80 A M

10.3 12,90 M

1.00 PM

1.00

145 PM 2.30 F M 1,30

2. PM

1.30=

Manila

9,30 PM

4.3) xx

Straits

*T

Amoy

+

Public Utilitias

Japan

EXCHANGE RATES.

(BRITISH WIRELESS BERVICE]

$10

19/.10

Tramways

8:12

Peak Trams (old),

810 $11.

#19

Shanghai

盛

+

$6.05

873

Dr. Star Ferries $724

(new) $54

Nam Bung

Nan Sang

Bog.

Lautere

6.00 r

Friday.

Caroela

6.00 P■

8.10 M

Ruger, Jan, -26.

$221

Best

Do.

(new)......

Paris New York Brussels Geneva Amsterdam Milan Berlin Stockholin

123.593

4.56 19/32

$711

872

H.K. Electrics...

Nellore...

**

-- [G, G, Maurice Long

$23

34.935

$21

25.18

29.85

12.11

T:161

02.08%

10/.

20.365

19/3

18.13.

Copenhagen

18.195

Oslo

16.215

34,625

T.11

Ámoy

1812

T.10

Helsingfors

1934

(2)

Canton Icea

Mauila

마

(3)

$15.40

SLEL

Cementi (comb.)

$15.60

$111

Do (old)

108.95.

Do. (new)

375

$31 37.80

818.

$7.80

59/18

$27

$29

45

1/5 29/32

35

2/0

1/64

Yokohama

44

Pres. Jefferson...Lettors Express of Asta ..

dakis

Pro Grant

Canton Maru

9.00 ▲ x

Monday,

Pres. Jeferson..

Parcal deg..

3rd, 9.007 M.

Letters

LIDIA 5.00

M

Beg

2.00 M

6.tk) M

1.30 P

9/01

$224

22.60//231

323

Silver (spot)

20 11/18

20.80

Der A. Wings.....

Silver (forward)

201

826

Amusementa

$28

$1.30

Constructions ........... $1.10

$2.80

Lane Crawfords

Tues Iny, 4th,

9,30 1.00

$3

$18

$12

811.40

Kowloon P.O. Heg. -1.00 P/N Litera 1,00

Q.P.O.

Beg, 1.45 » 9.30 rx

Loltura

• 5,00

Vienna Prague

Madrid Lisbon Athens Bucharest

Rio

Buenos Aires

Bombay

Shanghai

Hau Kon

MUSIC IN CATHOLIC CHURCHES.

[United Fress.]

San Francisco, January 18-The Rt. Rev. Edward J. Hanna, Roman Catholic Archbishop, made public amandate to-day on the occasion of his departure for Rome an- Bouncing revolutionary changes in liturgical church music The man- date says that profane melodies,

at best a gamble, and unless that such as O Fromise Me," I Love

5%

Telephones.....

Macao do.

Sandakan Lights...

China Buses

Tractions

Do. (pref.).

Industrials.

Caldbeck, (ord.)

Macgregor (ref.)

Ropes

China Sugars.

Malabon Sugara

United Asbestos

Miscellaneous

Dairy Farms.........

891

Mackintoshsin

Nanyang Tobacco... $4

Sincere (old)..

Do. (new) an Watsons........

$101

$11

W Powells $2 B. Ind. G.8 Bonds... 61%

H.K. Gort. Les ... $105

Manila, Sandakan, Australia & New Zealand vis Thurminy Island-das Tharaday Island, 15th February Haiphong

Straite, Ceylon, India, Mauritius, R. & B,

Africa, Adeo, Egypt & EUROPE(| Mantia... via Marseilles-due Marseilles, eth.| February

31st,

9.00 & X

9.45 AM

ettor 10,80

10011 M Kowicon P.0. Fr.,31st, 9,00 & I dog, lub, 9.00AM Leiters 10.00 AM G.P.O. ar,81st,10.30 M Reg., Int, 9.45 & 14 Letters 10.80 a m FEBRUARY- Baturday, 1st,

10.30 M 10.30 A

Sunday, 2nd,

Swatow, Amoy & Formons

Jajan, Canada, USA, C. & 8. America & EUROPE via Victoria, B.C.~~.

das Vistoria, B.U., 21st February....)

Phanghai and *EDROVE vin Bikerja Manila

+

Bangkok

Swatow, Amoy and Fooɑhow

Kaying Haiching

Straits, Ceylon, ludis, Mauritius, E. & S. Africa, Egypt & EUROPE vis Mar- *5475) maliarusillas, 7th March

Achilles

Swatow

3wstow ...

LOCAL AND REGULAR OUTWARD MAILS.

Eandakau

prem

WEEK DAYS. SUNDAYS & HOLIDAYS Swatow, Amoy and Foochow

13

FOR

FROM

Faor G.P.0.

SasuKOWAY Beacя P.0.

FLOK .G.P.O.

FROM SIKUNOWAN

BRANCH P.O.

Shanghai & Dainy Amuj

is your intention, keep off it.. I You Truly," and "At Dawning cannot speak as to your broker's are banned from marriage services credit. Why not tactfully ask in Catholic churches. The organ is him for references?

the only musical instrument to be used in church, and should be play- ied " according to rules of really toe sacred music.

•

•

arc

+

BANANAS-The shares

high,

LIGHTS-Toe Company has always had these glorious" prospects before them. It is no argument to say that prospects alone should cause the shares to rise. The stock had been higher before, but came down. Where were the prospects then 1 I advise you to invest in something else.

*

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+

..

HJC The price in Shanghai over the week-end was lower than local quotations. It seems that you have had an imaginary picture painted for you in colours far brighter than they should be. Keep to Hong Kong stocks.

*

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ISAAC-I hear the Company is try ing to pay a small dividend. Even if they did, the figures to not warrant the present rise, but with so much money available in the market at low interest, natur- ally share prices are going up! (Continued at foot of sext column).

. The mandate is taken to mean in the Catholic churches. that sacred music is to be restored

STAMP-Duty must be paid before

Canton

Mueno & Trizaban

57.15.10. & 2.30 .. (7.00 p.m. 10.00 p.m.

6.00 p.m.

Sunday

7.00 p.m. Sunday1

§ 7.15 nem. & § 7,30-x.m, 11.15 p.m.

1.16 p.m.

11.30 p.m.

Sundays

6.00 p.m. 6.00 p.m

8.15.2 Lonly

5.00 p.m.

6.00 p.m.

7.15 m.

9.00

h

signature. Under the present re- gulations you are allowed to Kongmoon (except Baturdays) 6.00 p.m. stamp the transfer and lock it Kaukong (except Saturdays).... away, signing it when you like.

If you are leaving Hong Kong Fatahan (By Train) sign the transfer before doing

In O

IN

Shumchun

as this would save a lot of troule registering your power of t Tai Po torney, etc., in case the shares are sold while you are away. The best thing to do is to deposit them in a bank, and come to some arrangement for handing the Choungchow shares and transfer to your broker, when sold, for cash!

*

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SAILOR-It is impossible to advise you without having a better idea of the amount you actually liave available for investment. Let me have a definite figure, and I can give you advice.

7.16

(2)

1.001 &..

9.00 sm. &

1.00 p.m. 8.00,

3,00 p

12.80.

&4.30 p.

Saturdays

14.30pm. 8.20.2.

1.00 p.m.

141

1.00 p.m. &

-

"*

Aberdeen Btanley Antan, Pingahan, Saatio, Shatin, Shataukok and Shoangshui Balkang... Namtan, Shokki & Taping?

(Famin)

3,00 p.m.

4.30 p..

7,00 p.10.

Chakiang

Linan

Wednesday, 5th

5.40

Thursday, 6th,

Elinaong

10.3) AN

Friday, 7th,

Baiyang

1.03

Saturda

8.b

Lianychow Antung

5.00 1,

500 P

Sau taj,

9th,

Kavangohow

9.00 &

* Superscribed correspondence only.

(7.15 am. & (7.30 am. & Bangkok via Swałow

(6 p.m..only 7.00 p.zz.

Lonly

(7.16 nm, & (7.30 am. A

(11.00 am, {& 4.30 p.m.

8.30.2.

1.00 p.

10.90

4.30 Pain

22L

1,30 p.m. Sunday's 8.30 ... Lonly

8.00 pm

7.00 p.m.

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Send a Chit to ti, Ice House Street,

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