1930-04-15 — Page 11

Money and Markets

ni mu,

GOSSIP FROM THE SHARE MARKET.

STEADIER TONE PREVAILS DURING THE WEEK.

FREE

ADVICE FOR INVESTORS.

[Br "KUFAN."]

THE HONG KONG DAILY PRESS TUESDAY, APRIL 15, 1930.

Gossip often moves the market,desirable that a nomme de plame but, no invertor should either buy be also included, in order that or sell on market gossip only. readers can pick out the answers

Every effort will be made to give as full and detailed reply as possible, but no responsibility what- over is admitted by the writer in

·

In keeping with the weather, the intended for them. share-market during the past week has been very sticky, and the volume of business transacted has been on a comparatively small scale. There is, for the time being so doing." at least, no fear of any "rhead rush of prices, and during the next, Those who have written for in- few months a stendy business ought formation last week will find to be recorded While I feel pon- answers to their queries below:- fident that quotations will not be unduly rushed up, I am equally certain that we will not see any big drop except in stocks which even to-day are standing, at ab- surdly high figures, purely as a result of speculation.

For the week under review, it { will he noticed that the steady rise in prices all round has been stayed and in a few instances, prices have actually receded slightly. Thie is a good sign, and should have a stendying effect on those whose one idea is to buy," buy, and buy "bë. cause the market is strong."""

HONG KONG BANKS have been neglected, and shares could have been purchased last week at 81,400. There were no buyers at this figure.

# CANTONS, 'CHINA FIRES “and. HONG KONG FIRES-These are in demand at 8815, $333 and $900. Shares are dificult to get.

•

*.

UNDERWRITERS - This stock continues to improve, and shares were wanted last week at $1.60.

*

UNIONS-Sellers of Unions. were. in the market asking $416, but buyers" ideas are slightly below this. I think 3440 can be paid, but not more.

*

RAUBS have had another spécta. cular rise. Shares" changed hands during the week at $21.30, and then again at as high as $23.75. They closed with buyers offering $23.50.

*

WHARVES have buyers at 8151 and sellers at 8132. ·

CHINA PROVIDENTS aeglected at the moment, the quotation being at 25.45 nominal.

GRATEFUL-Glad you have pro- fited by my advice in the past. You can show your gratitude by telling your friends about it. In reply to your question, taking into consideration the money you have and the time limit you im. pose. I advise you to buy Star Ferries.

+

*

J.A.R.-Reason for the rise is en- tirely due to a strong demand for good investment stocks. There is plenty of money in Hong Kong, due to the currency debacle, and this money is finding its way into the share-market Naturally good investment stocks will go up. Regarding question (a) this stock has been the subject of much speculation within the last two or three months, and has continually gone up until 'last week, when it showed a slight set-back. If you hold these shares, take your pro- fit. If you are thinking of going in for it,forget it. I am of course against foolhardy specula- tion. The present market-price of this stock la absurdly high, (b) This stock is well favoured at the moment, and may ge up slightly, but not very much. You can't go very far wrong if you buy.

| | WONDER-The possibility is still there, but as far as I can gather,

are

HONG KONG & WHAMPOA | DOCKS-Shares of, this Company are attracting attention, there heing inquiries in the market at $36.50,

HONG KONG HOTELS changed. hands at $12.80 to $12.83, closing) with buyers at $19.70 and sellers at $12.40.

HONG KONG LANDS are want, ed at 879.73, and the demand was fairly strong during the week.

.*

•

HUMPHREYS are steady at $14 There are buyers at this figure.

*

HONG KONG TRAMS dropped Bales slightly during the week, being effected nt $21.55 at first and at 820,80 later. They recover- ed slightly on Saturday, and buyers | were offering $21.30,

STAR FERRIES are, wanted at $79.75

"CHINA' LIGHTS eased off dur ing the week, and sales were nego tiated at rates varying between 824 to $23 They closed with buyers offering 323 for the old shares and $18.23 far the new.

HONG KONG ELECTRICS A fair number of shares were done at 87125 and 971,50, and there are further buyers at the latter rate..

CEMENTS closed at $15.70 buy- ers. The demand has cased off slightly in this stock.

*

DAIRY FARMS changed hands at $23.50, and closed with sellers at this figure.

AMUSEMENTS are wanted. $30. There appear to be no sellers, however, under $32.

..

•

+

the terms asked by the sellers are exorbitant and the general opinion is that the negotiations will fall through. If you hold shares in either of these.com- panies write to me, when I will tell you what is the best thing to do.

KELLY-1. No. Prices generally recede slightly during the supre This has been the experi ence during pro-strike youra. 9. Star Ferries it you must. 3. Not unless you can afford to lose prac tically every cent so employed. If you are prepared to go that length, you may try your luck.

mer.

NO. 3-It is impossible to say that |

the shares will reach $35, but I think they will. Regarding the dividend, my answer again is I think so. Their earnings, I hear, have been bigger, but money might be required for establishing a big reserve, Re garding your third question, my answer is. Certainly," Your

more

fourth question cannot be answer ed unless you tell me how much you have paid. If you have a profit to show, sell.

(Continued on next Column)

EXPLORATION IN NEW

GUINEA..

DUTCH OIL COMPANY'S EXPEDITION,

Sourbaya, Fava, April 4-Tho Netherlands Colonial Petroleum Company is sending out an expedi tion on April 17," in which two geologists are participating, to.com. duct explorations in New Guinea. The expulition is expected to inst fourteen months.

The exploitation of the Colonial Petroleum Company's new CORCES sions in Cangkooli-Rangbay and Koetei, in Borneo, start in June, 1831,

The Japanese Boraco Oil Com Pany is preparing to exploit its concessions, in Koetei, for which purpose large shipments of boring material and pipelines are being despatched about the end of April by overal of the Dutch steamship lines.

OIL GUSHER WHICH BREAKS BONDS.

OKLAHOMA WELL AGAIN SPOUTING,

[UNITED PRESS.]

With G8500,000 worth of crude oil already wasted through the un- controlled gushing of Oklahoma City's newest, largest and wildest oil well, the "gusher" on April 5. continued to spray the surround- ing country while workers vainly strove to bring the flow within bounds.

Crops valued at many thousands of dollars have been destroyed by the far-fung petroleum.

While experts toil in an effort to cap the well, churches through-

out

this area ars conducting prayers that the flow will subside or the torts of the workers will be successful.

EXCHANGE RATES.

[BRITISH WIRELEJK BERVICE)

DAILY SHARE QUOTATIONS.

HONG KONG STOCK EXCHANGE.

SHAREBROKERS 'ASSOCIATION.

Buyers

Bales Worniai),

MONDAY. 'APRIL 13.

Bayan - Ballara

Banks

81,400 H.K. Banks £110,

$1,400

Do. (London) ...

218)

Chartered Banks

£30

Mercantile Bk. "A

EIS!

$109

$1

Do

Bank of East Asia... 3107

-Insurances

$815

Canton In...

$810

Underwriters

$1.60

T.100

North China...................

$410

Union Ins

2440

$450

M.850 Yangtze Ins........

8965 $900

China Fires ayumitur,

$350

H.K. Fire

INTÉRSTA

$300

Shipping

$331

Douglases

$31

Steamboats

$43

Indos (prel)

Do (dot)

98/0

Shell Transports

95/-

Waterboati

00

Mining

Benquets... Kailane

1

$36

$6.70

63/9

$23

---

#151

$371

***

81.10

***

T.8;

T13.60 Langkats (comb.).

Do. (tingle)

T10 Explorations....... T8.40 Shanghai Loans ...

21/-

Ranba

Tronoh Mines *****

Docks, Wharves,

Godowns, etc.

$1513

HK Docks

1.18 Shanghai-Docka

14!!

**

T.14

معلمة

TINERI

#H!!

#*#*!!!!

Tomtual

FOREIGN MAILS

"

RADIO NOTICES.

The Radio Office, where full information concerning all wire- less services may be obtained at all times, is situated on the ground floor of the P. & O. Building in Des Vaux Road, next to the General Post Office.

Individuals and firms are recommended to register their tele. graphic address at the Badio Office. No charge is made for this.

The wireless rate on telegrams to British, North Borneo. has been increased to 50 cents per word with effect from sed inst.

T180

$60

STELITS

(London, 28th March) ... (“

STRAITS

曲。

BATATIA

SHANGHAI & EUROPE via Szarva

Simkiana

INWARD MAILS.

FROM

PIR

Duz

Takiitos

16th Apr.

Harpadon...

15th Apr,

Kutang

18th Apr

Tindars

18th Apr.

16th Apr.

Kaga Maru

··17th Apr.

vz

Shinya Maru

17th

Apr.

March),

U.S.A., Jara & Buxomal

Empress of Asia

17th Apr.

Egzory via Nigaratam (Lettorn only,

14/

London, soch March JAPAN & CHANOBAL

Tantalus...

Atsuta Muru

180b Apr. 18th. Apr.

SHANGHAI

Geimaa

19 h Apr

T9

T.11

USA. (8an Francisco, 21st March),|

'Homolozu, JaYAN & SITANGHAI U.S.A. (San Francisco, 29th March)]

Honolulu, JarAN & SHANGRAI

Pres, Garfield

Free. Cleveland

JAPAN

JAPAN & BEANOMAI

19th Apr,

21st/pt. 2nd Apr. ta Apr.

SHANGHAI & BWATOW

890 AUSTRALIA & MANILA

U.S.A. (San Francisco, 22nd March),

Honolulu, Jalan LE SHANGHAI Daya Da (Victoria, B.C., 19th

HK. & K. Wharfs.

$1521

Providents

$5.30

$381

TI

New Engineerings

8.00

T245 Hongkow

Ootton Milla

Ewos

T.13

T.80

S'hai. Cton (old)...!

1.78

7.10

Do (bw).. Zoong Sings

19.70

Landa, Hotels and

RUGBY, April 12.

T13.60

Paris New York

124.02

4.881-

Brussels

34.83

Generi

25.00)

Amsterdam

12.11

Milan Berlia

92.61

Buildings

20.381

Stockholm

19.094

$12.00

Copenhagen

18.182

-$72

#73

Oslo.

18.16)

T.245

HK S. Hotels HK Landsprachen Shanghai Landa

8123 #1290

34.53)

$8.80

$81

164 3/10

$14

$14)

398

Chinese Estates

1933

38.90

Public Utilities

108

375

Tramways

818

5 13/10

43 15/18

Vienas Prague

Helsingfors Madrid Lisbon Athens Bucharest

Tio

Buenos Aires

Bombay

Shanghai

Hong Kong

Yokohama

-1/5 13/18

1/11 1/0 2/06/18

Silver, spot & forward 19 9/10

SONNY BOY-1: No, unless some-

thing totally unexpected happens in Shanghal, which is highly im probable. 2. No, it is not!

*

TROTSKY-As far as I can ascer

tain locally, the shares of this company are a risky investment. Since there are other good invest ments available in Hong Kong for the small investor as well as for the big men. I advise you to forget this stock.

*

LAISKY-The shares are too high at présent quotations. There is absolutely no possibility of them touching your figure. If you have shares, sell at presezt price and put the money in something else.

AMERICAN STOCK QUOTATIONS.

LATEST WALL STREET PRICES..

The following quotations have been received from their cor. respondents, Messrs. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Samoon 'House, Shanghai, (cable address: "Swanstock," Shanghai), who are, not responsible for cable mutilationa

Tone of Market Irregular. No. of Shares done-2 million. Call Money per cent.

American Smelting Anaconda Copper Baltimore and Ohio Borg Warner... Chrysler Motors ...... City Service Common Curtis Wright Common Eastman Kodak

$23

3911

VēderumuË

80,06

$180

172

$0.05

13.30/

10/-

18/3

E.K. Realtysonna Humphreys

$11.65 Fask Trams (old)

Do, (DBW)...

Star Ferries*****

Lights (old)... $231 Do(new)......$18.40

H.K. Electrics.......

Macro do.

Sandakan Lights ...

Telephones

China Buses

Tractions!

Do

Industrials

$711

###

*:*:*

TAI

Aki Hara Rajputana

OUTWARD MAILS.

REGISTERED and PAROEL MAILS are closed 15 minutes carlier 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 8 p.m. ́on the previous day.

Bangkok

FOR

PER

DATE & TIME-

Tuesday, 15th,

Hubro

8.30.

Trbadak ***

Bunkong

---

Samshui & Wrahow

Natow, Amoy & Foochow ... Saigon

Haining

1.30 P

2.00yv

Haldia

Kochois

1

Habis dz "Java via Sourabaya

Fort Kayard.

Straits, Ceylon, India, Mauritius, E_& £

Africa, Egypt & EUROPE vis Mar || Sarpedon seilles-dua Marseillén, 14th May

Hothow, Pathol & Haiphong

$.80 P

4.00 M

Bowloon P. O

Kegi Letters

4 30 PM

49 FK

G.P.U.

Box

Letters

Kwongtang

Talma

Parcela

5.00 6.00%

500X

50

Let., 16th,9.07 ▲ M

Takliwa

SHADOW***

Straits & Calcutta

Widnesday, 18th,

3.00 a

Amoy

Shanghai, & *EUROPE via Siberia..

Cyclops

837A

Kwei Yang

Gathor

Canfo

10:30 A

$134

Hanila...

Thursday, 27th,

·Menado Maru

Masirang

Teinan

8,30

ax 1.30 P.s 9.307 M

Tai Fook Bing

Farce in

Changis...

Hog., 18th,9,45 after 10.8)

Raga Maru Hatching... Emprius of Asia.

Friday,

18th

8.30

10.30 AM

V10.31 AN

Roroloon P.U.

4.30 M

Findskan

Autoy

"Manila, Australia, and New Zealand via

Thursday Island due Thursday Island, 29th April

(préf.)......

T.10

Caldbeck, Lord.)

T.10

Macgregor prof.)

32

Canton Ice

$15.70

$13.80

Cements (comb.)... $15.80

Do (old

$11

$41

Do..

(now)...$43

Japan

$7.38 $0.80

Ropes

$7.30

Swatow, Amoy & Foochow

China Sugars

Manila

H

$27

Malabon Sugars.........

$99

United Arbestos

Miscellaneous

what

Dairy Farmadonna

$23)

Der A. Wingb

$0.80 #201

Amusements.

$32

"

31.30

Constructions

81.20

$9.70 $18

Lane Crawforda

$2.60

Shanghai, Japan, Canada, U.S.A., C. & 8. America & *EUROPE v Vic-

Siberia Maru

Letters

8.15% k 8,30 AM

$12

Sinceres

Nanyang Tobacco...

(old)......

811

Do. (new)....-| 810,10| $1080 Watsons

9.45AM

$10.80

Letter 10.20-

8. Ind. G. Bonde... 63% HK. Govt. Loan

$107

$3.25

H

7%

prem

$30

LOCAL AND REGULAR OUTWARD MAILS.

"New York, April 12, 1930,

WEEK DATS,

SUNDAYS & HOLIDAYS

FOR

FROX G.P.0.

From SHEUNGWAN BRANCH P.0.

F.O.

(7.15 mm, k), 7.80 8.02." 76.00 pm.

47.00p.m.

(7.15 min, &) (7.30 am, &

6.00 p

7.00 pm Bundays Sundays

Straits, Ceylon, Ledia, Mauritians, East &

Bouth Afrios, Egypt & Kerope via) Atsuta Maru ...) Let, 19th, 9:00 AM

· Marseilles - düe Marseilles, 19th May}

PG.P.O Beg., 19th, 5.45 Letters: 9.30 AK

Jaturday, 19th,

Izion

toria, B.C-due Victoris, B.C., 10th May & Europe via Siberia... Japan, Canada, 0.8.4. (except California) *O & *S. America & EUROFE vis Victoria, B-dua Victoria, B.C 18th May

Emhow & Bangkok

Kiungchow Free, Garfeld Uheong Shang

9 CO AK .... 10 30 AM 10.30 AM

Senday

*2016,

9:00 AM 9.00 A

Manila

#Swatow & Foothom

Formosa

Hozan Mars Kiangan

Monday,

Prez Lincoln

Antung

Kaiyang

FROX FLOX SHEUNGWAR G.P.O.

BILAXON

(1 p.m. only} | 7.00 pm.

only

(7.15 am, à (7.80's, a

8.15 a

| 1.18 p.m.;⠀⠀⠀ 1.30 am.

Sundays

Sundara 8.30 am Lonly

6.00p.m

only 6.00 pan

Swatow, Amar Bangkok via Swałow ...

Shanghai, Japan Honolulu, USA

Canada, Central & South "America, „and *EUROPE via San Francisco "dae San Frannsóó, 14th May 'sud

*EUROPE via Siberis *watow and Amor

Swatow, Amoy and Foochow

aigon," Ceylon, India, Mauritius,

East and South Africa, Aden,|| "D'Artagnan Egypt & EUROPE via Marseille

Farcels·10,00 a 1 |ég.11.15 24 Letter Noon

Tuesday, 22nd,

1.00 Kowloon PO. Beg. 1.00 Letters 1,00

G.P.O.

5,00

5.00

Wednesday 23rd Latiens 8.30 AM

Thursday, 24th,

8.00

Last Dividend.

Latest Saler. 73

71

119

Canton

47.

42

30c.

Miesing.

None

14

BB

240

(T.1K

At

· ·Electric · Bond and Share.

6C

Missing

| Macao & Trinihan

L10 p..

Erie Railroad

None,

General Motors

53

General By Signal

99

Kongmoon

Saturdays) 6.00pm.

47

Kankong (cept

(7.30 am. 1.80 p.m.

8.00 p.m. 6.00 p.m.

Goodyear Tire and Rubber

Granby Consolidated

Fataban (By

7.15.1

7.15

Hudson Motors

Tai O

International Cement

International Nickel

Montgomery Ward

Nevada Consolidated Copper.

Radio Corp

Seats Roebuck & Co.

atquchi

Ходе 2)D

Simmons Co........ Standard Oil Co. of New York U.S. Rubber

1.00

EWOS, after being neglected for several days, are now wanted at the slightly improved figüre cf $13.70.

REPLIES TO READERS.

this

Every

week in

columa Kafan" replies to correspon "dents who may have questions to tput regarding the prospects of any stock quoted in Hong Kong, Shang- Questions re- hai or Singapore. garding business practice and cus tom can also be dealt with.

Correspondents are asked to ad- dress their queries to Kufan," CATE of the Editor of this paper, and to give their names and ad- dresses, not for publication. It

Gold Dust

Union Carbide and Carbon................... United States. Steel A=Part extrava BPlus:0 per cent, in stock.

C Payable in cash or

share in stock.

Plus 4 per cent. in stock Plus 6 per cent. in stock.

Tai Po

Shamchua

Cheungchow

9.00 $0.

€9,00 &!

18.00 p.m.

19.00 A

18.00 p.m.

(12.30 p.m.

& 480p.m. Haturdays 1.00 pm

4.30 pm 8.30 A

•1.00 puth

kitazley a Antang Firgaha

Shatin, Shat:

3.00 pm.

Sheung bai

Balkong

Hamban Bekki

4.30 pa

9,00 m 9.00 a

11.01.

due Marseilles, 24th May

Rey 1.45 N Letters 2.80.71

Kwaisang

6.00 p

Kanila, Australia and New Zealand via)

Thursday laland - dus Thursday || Aki Maru Island, dh May

Bog

Bui Sang

Nội Hoàn

Bride7, 95th, Noon BAR. 1.00.M Kowloon 1:0:

Parcels 4.30 PM

Beg. 28th,8.00 AM- Lesters 10.00 am

Paroth, 6,00 M

·Elrafts and Calentia

(11.00 4.302 &4.30 p

8.30.1

∙1.00

11.50 am.

1.30 p

7.00 p.m.

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

Afrios, Aden, Egypt & EUROPE + Rajpute Marsellinodine Marselllen, 23rd May!

Beg 25th, 9.45 AM Lottare 10:00 A

*Superscribed correspondence