Money and Markets
GOSSIP FROM THE SHARE-MARKET.
BRISK BUSINESS FOLLOWS CHINESE NEW YEAR
HOLIDAYS.
FREE ADVICE FOR INVESTORS.
[BY ̧ ́"KUFAN,"'].
Gossip often moves the market, but no investor should either buy or sell on market gossip only.
Following the Chinese New Year holidays, the share-market opened with a very firm tone and, contrary to general expectations, there was plenty of cash available:"
Rates on the whole showed an improvement over the previous weck, as will be noticed from de- tails of the movements in the vari ous stocks in the local market.
The volume of businesa nego tiated in Ice House Street during the past week was very encourag- fing, and business looks very good at the moment; conséquently, I shall not be in the least surprised to see rater go up during the pre- sent week,
Shanghai
shares, particularly
Ewo, are still attracting attention, but business is not so feverish as it was prior to the December.. Settlement,
HONG KONG BANKS wera in great demand during the week, and only small parcels were negotiated. They closed very firm on Saturday with buyers at $1,340 and "with sellers holding off for $1,350.
*
•
UNIONS were handled in small parcels at 837e8 to $378. Further shares are wanted at the former Agure.
WHARVES were put through at 3180 to $152, and further shares, are wanted at the latter figure...
*
+
*
|
PROVIDENTS—A fair number of shares changed hands at $5.50 to $5.70, but the market closed with buyers only offering 85.30.
*
HONG KONG HOTELS came to business at $19.70'. to $12.90, and closed with buyers offering $12.60.
•
M
HONG KONG LANDS-This stock was much sought after, but little actual business transpired. The market closed with buyers offering 806.25.
•
HUMPHREYS are quiet.
Small parcels changed hands at $14.40. and buyers are asking for more at- this rate.
TRAMS were the medium of'a very large business at $19.30° to $19.40. The supply and demand seem to be about equal, and at the close shares were wanted at $19.35.
*
CHINA LIGHTS are still very popular, and after the call of $1 on the new issue was paid on February 6, the stock was split" and old
and new shares were quoted separ ately. A large number of old shares were done at 819.80 to $20, and there are buyers at the latter price. The new shares are quoted at $14.80 nominal!
•
ROPES were done at 87.40- to $7.50, and further shares' are want ed at the latter figure...
+
ELECTRICS Quite a number of shares changed hands at $79.95 to 872.75. There are further buyers at $72.30.
*
EWOS took a big jump last week,
:
THE HONG KONG DAILY PRESS, TUESDAY, FEBRUARY 11, 1930.
HONG KONG TRAMS, DAILY SHARE QUOTATIONS.
LIMITED.
PROPOSED FINAL DIVIDEND
Making a total of 1 per share
for the year, and leaving the sum
of $259,559.73 to be carried forward,
HONG KONG STOCK EXCHANGE.
SHAREBROKERS'
· ́ASSOCIATION,
Bayra Ballert Halos Nominal
MONDAY. FEBRUARY 10.
Days Ballers
Bolos Nominİ
Banks
the Directors of Hong Kong Tram- | 31,350- ways, Ltd, have recommended a
4:11:
£114 £18
M
$1,340
H.K. Banks
Do. (London)... Chartered Banks...
Mercantile Bks. "A"
Da
Bank of East Asia... | $98).
"0"
Anal dividend for 1929 of 50 cents per share, payable after the date of the forthcoming ordinary yearly, general meeting of the Company, to be announced in due course.
8
Insurances
$120 Canton In*. '.........................
8710
$1.70
Underwriters
$1.70
T160
North Chins..........
THE SILVER POSITION.
$378
$377/9
Union Ins.......
$377
M850
Yangtaza In............
$940
China Fires.................
#320
$840
H.K. Firesti
$926
Shipping
#201
Douglases.
$24
EST
Steamboats ana
343
$70
Do. (def.)
Indos (pref.) sisene,
0810
$231
Every effort will be made to give as full and complete a reply as possible, but this is done on the distinot understanding that no re- by so 'doing. sponsibility whatever is admitted A PLEA FOR REHABITATION.
Those who have written in during the last fortnight will find answers to their queries below:-
髀
C.B.T.K-I have studied your posi- tion carefully, and here is what I advise you to do. Sell No. 3 and take your profit on both the old and new shares. No. 8 is not worth holding any longer. No. 10 is not a stock which I would recommend you to keep. No. 11 will not go up for a long, long time, and No. 13 is not likely to go higher, but on the other hand may go much lower, owing to the exchange. As regards the others. I particularly urge you to hold Unions and Wharves, Lapds are good, but your figure is so high that you will have to wait a long time. However, the stock is very sound. Both Tramways and Humphreys are very bigh-priced on your list, so I recommend you to hold on a little longer. If I can help you in any other way. please let me know. Pro- vidents, by the way, are strong at present prices.
*
GRATEFUL—I think there will be a dividend next month. Your best course is to wait, as the market is very active and there should be a rise very soon.
LIDA-Regarding the stocks con- cerning which you seek informa. tion. 1. The shares are very popular, for which the recent new issue is to a large measure re- Aponsible. No. 2. it is impos sible to say, as the market in strong. 4. Absolutely. Na! 5. f cannot recommend you from the business point of view to buy, but I cannot tell you what specula. tors would do, Commercially, there should be no further an preciation. 6. Is not the stock you mention too high already? If you wait a little longer, some thing good may crop up. 7. That negotiations are going on is an open secret, but even if the news is true, shares ought not to go
up.
†
BARNEY-The negotiations may be "going on, but there is little chance of the deal ever coming off ar rumoured. Regarding the Kow loon Company, I learn that some overtures had been made to them. but so far nothing very substan- 'tial has transnired. $24 is not too high a price to look forward to, and I advise you to hold on a little longer. There will be a dividend soon.
*
*
U.H.A.I am in possession of in- formation from those interested in this Shanghai stock, and can tell vou definitely that the opinion of there who should he "in the know" is that. this stock is not going any higher,
BRITISH TRALE WITH CHINA.
LANCASHIRE'S PROSPECTS THIS YEAR.
Mr.J. F. Darling, a. director of the Midland Back, Ltd., and a well known "authority on currency and exchange, states in a letter to the London Times that there is an urgent need for some world-wide in- flacace to revitalize British industry and commerce, and question if there could be anything more effec- tive than the rehabilitation of silver, which from time immemorial has been the monetary co-partner af gold. He adds:--
"The vitally important question with which we are. now faced is whether the prolonged estrange ment between the two metals is to result in a decree nisi, or whether a reconciliation can be effected. If the former, the present political and economic condition of Àsia in- dicates that still graver dangers may lie ahead On the other hand, through a Bank of the Empire,” with a monetary unit embracing both gold and silver, harmony be tween the two metals could be restored to the manifest advantage of both East and West,"
ជិះ៖៖៖៖
$231
$23}
Shell Transports... 03/8 98/
Water-boat eiriau
Mining
Benqunta..
541. Kailans H¶¶ T1a60 Langkata (comb.) .......
Do. (single) 11.30 Explorations...........
Shanghai Loans
#51
***
***
T.7
T.J
$131
$14
31/-
Tronoh Mines....
Docks, Wharres, Godowns, etc.
H.K:& K. Wharis: Providenta
$157)
185/7/8 18.46 $5.00 $5 $39.
940
T7.60 T.196
Apart from increasing the par- res chasing power of Asis, the tran- quillizing effect of the restoration of the value of silver upon the poli- tical situation, in both India and China is of great importance.
NEW YORK STUCK QUOTATIONS.
T.192
***
****
$156 Cameron] $5.45
H.K. Docks
Shanghai Docka...
New Engineerings
Hongkews............
Buildings.
Humphreys
H
!!!!!!
!!!!!!
1111
1!111!!
£15
:
T160
$60
11
397
$50
$90
|$155/8
35.50
8301
T.120
T.71
#!!!
FOREIGN MAILS.
RADIO NOTICES
The Radio Office, where full information concerning all wirolsen servicos way bo obtinet at all times, is situated on the ground floor of the P. & 0. Buliding in Des Vesar Road, next to the General Post Ofies.
Individuals and firms are recommended to register their talographia ad- drien at the Radio Ofen. No ebarge in malo for this, "
It is notified for information that wireless mosanges to Bangkok will as from 15th February, 1939 be exchanged direct instead of via Hanoi hitherto
INWARD MAILS.
BANDAX-N
אסבע
"AUSTRALIA & MANILA
་་་
Pus
LJ1
Tipanas..
Changle ..
11th Feb. 11th Feb.
Heal." Melsingar
11th Feb
19th Feb.
18th Feb,
Kalyan
***
14th Feb.
Pres. Cleveland
14th Feb.
Karmala...
Nih b
Taiyo Maru
17th Fob
Kitano Maru
21. Feb.
Hamais Maru
24th Feb
JAPAN & SHano› al., 1. BAGON
Shanusa! & BWATOW..
Ersors vir ÞUaz (Letters & papers, Lon-}
don, 16th Jan, & parcels, 6th Jan, U.B.A. (Bentzle, 180h Jaquarỹ), Jiran)
U.S.A. (San Francisco, 92. d Jantary),1
Honolulu, Jarak & Brasswal JAPAN & SHANGDAL JAPAN
Porthos.. Sintiang
MANGELI
น
OUTWARD MAILS,
REGISTERED and PARCEL MAILS sro' 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.
FOR
Formoen..
Shanghai and Japan
Jævn via Batavis
<algon, "S'raits, Ceylon, India, Mauritian,
East. and South Africa, adeo,j
Egypt & EUROPE vis Marseilles-
due Marssilles, 14th March ...........
Straits
A
Pa
DATE & THES
Tussey, 11th,
8.30AM 10.30 A X π 10.30 a x
Koroloon P..
"1.00 F
Fulda
Pushima Mars
Tjilabost ...
Beg.
Gmeral
Letters 1.00
Helsinger
G.P.O.
B-g. 1,452 Coltere
4.30 231
Beistan
193 r 1.39
Has Ning....
Fort Bayard, Hoihow, Fakhai & Haiphong Tonkis
Free Lingola
Imperial Prines Washing... Kuliang
Emp, of Ru
Hoihow & Haiphong Shanghai & Japasi
*Strait, Rangoon and Caloutis
Shanghai, fapan & EUROPE via Sibéria Amay
Rosana ... Porthos Taiyuan
...Chip Bhing
2.001 +37
5.00 5.00
6.00 P
Paronis
6.00T
im 126h 9.15 am Lester 190 & M
Noon
Wednesd
12th, 8.80 & M
8.80 & M
100P 1
Noon 1,00 r w 2:30
śwatow, amoy & Foochow
Manila...
સ
Dotton Mills
Faigon
16.95/ 17.10
Ewo
17/.05
Amoy
S'hai, Ctons (old)...)
T.79 T.10
Do
{xow)...]
Zoong Sings
Shanghal, Japan, Canada, U.S.AL
&& America & "EUROPE ris Yan couver, BC-due Vancouver, B.C., 1st Mar, & *Europe vin Siberia
Lands, Hotels and
New Mathilde
812 $12.50 $12.80 367
$67
HK. & S. Hotels
***
ELK. Lands
**1
$12.70 $1280 267
$87
... Siberia Maru
Shirata
Par.
T.195
Shanghai Lands...)
$8.65
H.K. Realtys
Straite & Calcutta
La tora Parcels. Lelle B
314
$14.35
$98
M
Chinese Estates ....
***
Swatow & Foochow
+
3.8.JP 5:00
41.
$19.46819.30
Tramways
$19.35
$19.36
8113 $6.05
Peak Trams (old).
$11.
De (new)
Swatow, Amoy ani Formosa Hoihon & Pichoi nad Explong
Deli Maru Ühengis
Thursday, 18th,
8.30&.. 8:30 A
873
Star Ferries
873
$19.80
Lights* (old)..
319,80
$15
Do. (new).
$14.80
Swatow, Amoy and Foochow
Haiching
501 90
Do. (comb.j
231/24
142
751 781
8791 $73
H.K. Electrics....... $724
-8721
*** 2271 220
021 381 387
823, $4
Macao do,
Sandakan Lighta
89.85
T.161
China Buses pts.
Telephones $0.60
Btraits, Ceylon, India, Mauritius, E. & 8.
Africa, Adeo, Egypt & EUROPE · via Marzilles-dno Marseilles, 15th March
Karmala
81/*
10/-
Tractions
18/6
2011 100%
New York, Feb. 4. Market Arın, ". Business Jóns, 8,324,010 shares,
***
Adams Express........ Allied Chemical & Dye... Allis Chalmers ... Anied Power & Light... American Can... American Rolling Mill American Smelting American Tol, & Tel, American Tobacco "B" American Waterw
Waterworks Anaconda Copper Atlantic Refining Baltimore & Ohio Bethlehem Steel Calumet & Hecia Canadian Pacific Railway Chota peaks Corporation Chicago Northwestern Chicago
Bock Island ... Chrysler Cities Service, Common Columbia Gas & Electric" Columbia Graphaphone Commercial Solventa Consolidated Gas of N. Y. Cora Products ... Continental Coty Incorporated Curtiss Wright, Common Davison Chemical Da Pont de Nemours Eastman Kodak Company Electric Bond & Share Erie Railroad For
Film "A General Electric (New) General General Food General Motors... General Railway Signal Gold Dust
-
Goodrich Eubber
Goodyear
Fab. Fob.
8
28 29
270 275
....44.46 ... 561 611
129 131
... 117 117
31 301 20 1991
60 717
881 881
TH T11
... 1191 Ung.
$2,
384 401
$18.40$15.80)
3111
SL15
30 321
$7.40
109 112
231 221
Public Utilities
Do. (pref.),ve
Industrials
Caldbeck, (ord.)
Macgregor (pref.)}
Cantou Ices
Cements (comb.)...
ina SugarS
(old)...
(x)...)
****** $7,40
Mainbon Sugara ...
Do
Do
Der A. Wings.......! Amusements......
393
828
$1.30 Constructions 81.20
Lane Crawfords Mackintosha...
827
United Asbestos
Miscellaneous
Ова
126 128)
1$22.80) Dairy Farm
1001 102
921 941
$0.80 $28
581 58
80 311
741
$18
GL
4533 44
$12
Sinceres
921
Do.
451
481
BUZ
$27
58
60%
5121 prem.
88 80
Tirs & Eabber Co.... 74 74
Granby horn. Great
Cortificator International Cement... International Comb. Eng. International Harvester
International Nickel International Printers Ink International Prod. (Com.) International Tal & Tel.
Johns Manville ...
Lancashire's trade with China during the past year has been in Kennecott Capper CEMENTS were dealt in toucaced by certain unusual circum-Lambert Company fairly large extent at $15.00 toetances, which were dealt with in Lehigh Valley $15.70 The buying-rate eased off the report submitted to the annual Liggett & Kyers "B"
lightly at the close to $15.40, and meeting of the China and Far East Madison Square Garden sellers were in evidence at $15.00.
section of the Manchester Chamber Missouri Pacific (Com.) of Commerce last month.
Montgomery Ward During Norada Consolidated Copper the first quarter of the year the Now York Central on the strength of a rumour that a exports of cotton piece goods gave Northern Pacifio Hailway handsome final dividend will be rise to hopes that the advance Pacific Lighting paid. It was stated that a pay registered in 1999 would he main Packard Motor Car ment of Tis.: 1.80 wais contemplated, tained, but a now and increased | Fammount Famous Larky but inquiries among local brokers Chinese tariff, which became efice Pennsylvania Railway failed to confirm this rumour. Ap- tive at the beginning of February, Fenurond Corporation... parently for some speculators the had a marked effect upon the com.lie Petroleum mere rumour of a big final dividend "is "sufficient to set them going. A brisk demand for shares developed during the week, which closed with
business recorded at Tls. 17.
REPLIES TO READERS..
parison.
fluence of a falling tuel rate of ex Then there was the retarding in change, which dropped to a figure rot previously known in the post war period, and this, the committee reported, curbed buying consider ably.
British trade bad been affected Readers of the Daily Press who desire information or advice in also by the removal of the Japanese hoycatt. Despite her national dis connection with the Hong Kong, favour, Japan during the boycott Shanghai or Singapore share-mar- kets
are invited to write to period continued to make fair ship- "Kufan." care of the Editor of mente. this paper. Name and address of
Tables given, along with the re
the correspondent must be enclosed. port show that in 1813 the exports
TE is desirable that & nomme-de plume he also included to enable the reader to pick out the answer
tended for him.
of cotton yarn rouresented 2:146,400 lbs., valued at £109,936, and for eleven months of 1929 2,234,300 lbs. valued at $343,338,
Shell Taion
Public Service of N. J. Radio Corporation Bending Railway Reynolds Tobacco "B" Sears Roebuck Simmons Company Southern California Edison Bouthern Pacific Railway Standard Gas & Electric Standard Oil of New Jersey Standard Oll of New York Texas Gulf Sulphur Texas Corporation Timken Roller Bearing
YRS America
Union Carbide & Carbon
Nanyang Tobacco...
.......
$3
8101. **** 891
Watsons.ADEROME
€12 Wm. Powellsyre 82 B. Ind. G.8 Bonds... 61% HE. Govt. Loan $105
***
B.O., 11th March
*
*1.0)*
Friday, 14th,
Kowloon PU. Parcels 4.30P dig.16th, 9.00
[Leiters. 10.00 am J.P.O.
Par14th. 5.00 |sex ‚15th,9,45 à 10:
Lotters 10.80
Saturday, 15th,
San lay, 18th,
9.00 & N 9.00 A
Monday, 17th, Farcele
4,15 m
Letters 6.00
Japan & Victoria, B.C-dae Victoris,
Amoy
Shar ghai & Dalny
Tyndartus Anhui
Luchon
10.00 A
bcok
Beg.
5.00731
eter
8,00
$15.60
$7.40
Swatow, Amoy & Formosa Bargkok via Snstow ...
**
Danton Karu Kalgan
en
829
Pres. Lánasta
A04
Beg.
JBay,
5.00 บ
Pres. Lincoln
etters
0.60 PX
Brechen...
5.00
Yuensang
Okangle
381 381 LOCAL AND REGULAR OUTWARD MAILS. 521 Ung 68
Ung
67
1414 1441 691 581 103 104 724-75 103 105 ... Ung. 12}
90 90
Jatan, Canada, IÑA, C. & 8. Amories
FUROPE is Victoris, B.C.- | dus Victoria, B., 7th March
*bangbai and EUROPE via Siberia: Bwatow
Manila, Australia & New Zealand vial
++
Amoy
Thulay Inland-due Thursday Island, 1st March
34
Straits and Calcutta.
Swaton, Amoy & Foochow Swatow....
**
Straits, Ceylon, India, Mauritius, E, & #3, Africa, Egypt &ZUROPE via Mar- »eilles-dno Marseilles, 23rd March....
Kumsang Hainang Hangsang
Kilano Maru
WEEK DAYS.
FOR
FROX Q.P.O.
FROM SHEUNGWAN BRANON P.O/
SUNDAYS & HOLIDAYS
PROM YROK SHRUNGWAN G.P.O. BRINCH
P.O.
Stadskan
Mausang...
South Africa and *Soulb American Portali
vis Balgon and Singapore...
408 42 1811 181
851.86)
201 301 Canton
821 86
102 17
641 63
701 801
Mamo & Thinaban
Vag. 141
33 334.
(7.15 am, & 1 7.30 .. (6.00 p.m.
7.00
p.m.
77.16 am. &
{ 115 pm.
874 891 Kongmoon (except Saturdays) 8.00p.m.
371 291
... 182 1321 Kaukong (except Saturdays)......
* 391
07 221
Fatabad (By Train) (2) 23 Tai O
7.15.11. 9.00a.m.
(2.00 am, &
..
ADI BI
Tai Po *** 12171221
116 118 Blumchan [66] | -83] |
Union Facade Railway. United Dry Docks United Airamit & Transport...
**
---
83
641 531 Cheungchow
62 011
46.461 Aberdeen
00 01
223 2201 Auatan, Pingahan, Santiu,
18.00 p.50.
9,00 6. 2.00 p.m. (12.30p.m.
4.30 pm. Saturdays
100 p.m. &
14.80 p.m.
8.30 Am
7.30 am. {1:30 pm.
8.00.p..
6.00 p.m.
77,15 am, &) (7.30 am) &
5,00p.m. 7.00 p.m. Sunday Bandeya
5p.m. only
7.00 pm. Lonly
[7.15 am. &] [7.30 km. A
1.16 p..
1,80p.m Sundaya Sandrys
8.10.
Lonly
5.00 p.m.
.7.15 2. 0.00 .. 0.00 .m.
110 am.
(11.00 $.02.
1 & 430 pm
8.30 AD. 1.00 p
10.30 am.
8.80 a.. only 6.00 p.m.
6.00 px
76 761
Stanley
1.00 p..
$134
Ung
Sheung huf Shatin, Shatankek and
8.00 y.m
€6 68
Balkung...
k80p.
4.30 p..
Kumtau, Shokki & Taiping
7.00 p.
7.00
.8. Realty & Improvement. B. Sicel
... 162 163 Vanadium
63 85 Westinghouse E. & M. (Com)... 161--164
(Yaman).
- Hawaii Mary
*Superscribed correspondence only.
3.0)=
5.CO
Parcela
6.00 M
Hog,18th,9.45 AM Letters 1039 a s
Tuesday, 18th, Par.
Noon
Lstiers 14QPN 1.00 W -6.00 M
Friday, 21st, Kowloon PO, Reg. 4.30 v | Let.,22nd,9.00 am G.P.O
Reg.
Lettere
8.4 Aar 9.30 &
Monday, 24th,
1:30 P
Tucalay, 25th,
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