1930-05-13 — Page 12

12

Money and Markets

GOSSIP FROM THE SHARE-MARKET.

MILD BOOM PREVAILS: TENDENCY FIRM.

FREE ADVICE FOR INVESTORS,

[B

KUFAN."]

THE HONG KONG DAILY PRESS, TUESDAY, MAY 13, 1930.

ELECTRICS have also been very Gossip often mares the market, but no investur should either buy largely in the picture, and quite a number of shares changed owner- or sell og market gussip only.

At the Owing to the fact that money is sap at $74.75 to $76.30 still very easy in Hong Kong, these sellers were asking the latter Syure, but buyers are trying to share-market continues to "boom," though not to an alarning degree. get in at slightly less.

Loans, heur, were negotiated! CEMENTS changed hands at 818 during the weck at a ridiculously low rate of interest, but the ar- to $18.10 and closed, with buyers ket appears so flooded with money at the latter rate, with few shares that, rather than allow their boards coming out, to he idle in the backs, some of the wealthier people are" lending it against good stocks at abnormally low interest.

The activity on the Rialto looks time. some like continuing for

have all im- Solid investments

BRANCH BANKING IN

UNITED STATES.

A BANKER'S BELIEF IN COMING EXTENSION,

[UNITED PRESS.

Washington, May 6-Testifying before the House Banking Com mittee's investigation to-day, Mr. James Bacigalpui, president of the Bank of Italy and prominent in all West Coast banking netivities, testified to belief that there would be great expansion of branch banking in the United States.

He said that he believed that banks which were sufficiently capit alized should be permitted to fol- low this new trend, contrary as it was to former American banking

on a solid basis. practice, by establishing branches

HONG KONG ROPES: In - FORD ON CURE FOR WAR. pathy with the rest of the market this stock also shows a risc. Sales were reported during the week at 89.75.

*

*

DAIRY FARMS continue to soar,

at $20.

*

proved, and so long as the present sales taking, place during the week arm tendency is maintained, they should go up much further, Specu Lative abares are also in pretty good demand, and some very sudden rises have been registered during the week.

As is to he expected, the slight enit THOUT moves the; markat. Now that all speculation regarding the Tramways-Hotels negotiations is definitely disposed of, other stocks come in for attention and rumour-mongers are

again busy. Investors who are buying for "lock. up" purposes would do well to satisfy themselves fully as to the soundness of a stock before plung- ing into the market.

The increased volume of business naturally means the employment of more jobbers" and "runners, and any new faces are to be seen in Ice House Street nowadays."

The Shanghai market from the telegrams that have been received been locally-appears stronger during the last week, and rates up North have slightly ad- sanced

to have

HONG KONG BANKS: Very small lots were sold during the week at 81,390 to $1,410 and there are still buyers. of smal parerlå at about $1,400. "

UNIONS were handled in fairly large numbers nt 9470. They were shade easier on Baturday morn ing, buyers.caly offering 2405.

*

CHINA UNDERWRITERS: Small. parcels were sold at 81.50 and $1.60 during the week, and buyers I think are prepared to pay a little more.

STEAMBOATS There was a small business done in this stock at $23.75. Sellers are in evidence.

KOWLOON WHARVES: This stock is very firm, and a large par- cel of shares were taken off the market at $172.50 to $173, but the demand is by no means satisfied and there are still many buyers about offering $173. This stock is apparently considered a very good "buy" by the majority of these interested in the market.

#

CHINA PROVIDENTS: This stock rose from $8.50 at the begin- ning of the weck to 86.23, consider- able business being done A good number of shares were sold for June and July Settlements. "

HONG KONG HOTELS have also been dealt in fairiy extensively at rates varying from $19.73 to *13.25, but dropped off a bit to .wards the end of the week. They closed with sellers at $13 and buyers only offering 812.80 for shares.

+

rose

HONG KONG LANDS: This stock has been in good demand during the week, and ratea from 5 to $78., There were buy- ers at the close of business on Saturday at 872.50.

HONG KONG REALTIES were dealt in to a large extent, the price of shares rising from $8.75 to $11.95 during the week. Buyers were in the market on Saturday at the lat ter figure but no shares were offer ing.

HUMPHREYS had recovered a little bit of their dividend, and after sales had been negotiated at $14.23 buyers appeared in the mar- -ket looking for further shares...

HONG KONG TRAMWAYS: This stock has seen a fairly large business at rates varying between $20.25 and $20.50. They closed with.bayers at the latter rate.

touched STAR FERRIES have $80 They are stoady at this rate.

HONG KONG AMUSEMENTS A few parcels were reported to have been sold

830.

LANE CRAWFORDS: Sales were effected during the week at 83.70 to $1.90.

EWOS: There were buyers on Saturday at Tls. 13.50, ex rights.

ANSWERS TO CORRESPON. DENTS.

Every

this column io wee "Kutan replies to correspondents who may have questions to put re garding the prospects of any stock quoted in long hoog, Shanghai or Singapore. Questions regarding priserpies, practice, and custom can also be dealt with."

Correspondents are asked to ad- dress their" queries to "Kufan,” care of the Editor of this paper, and to give their names and ad- dresses. It is desirable that a omme de plume be also included, in order that readers can readily identify the answers intended for them.

CHINA LIGHTS have, fluctuated] quite a bit during the week, but a good-sized business was done at rates varying between $95 and $28 for the old shares and $21:50 to 823 for the new. They finished up on Saturday with buyers at $27,50 for the old and us for the new.

Every effort will be made to give" as full and detailed a reply "as possible, but no responsibility what. ever is admitted by the writer in so doing.

Those who have written for in- formation last week will find an swers to their queries below:- VACUUM-I strongly advise you to keep off this stock, as although the price has been going up for the last six weeks, I fail to see any reason for the rise beyond

+

BUYING UP SCRAPPED WARSHIPS.

+

navies of the world if he thought. Henry Ford would buy up all the

it would end war. But he doesn't believe it would. *.

war just by

"You can't stop

taking away the weapon that is at hand," he told the United Press. "Men fought before there were battleships or before there were guas. The only way to end war is to teach the fellows who profit by it that they can profit mere some other way."

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE

·Buyers Sellaro. Balm Nomilaat

$109

rii!!!

!!!!!!

SHAREBROKERS ASSOCIATION.

* MONDAY.

MAY 12.

Buyers Bellero

Balos

$1,100

Banks

$1,410 HK. Banks

eita! Do. (London) ... £17 Chartered Banks £304 Mercantile Bks. "A"

.Do.

£12!

Bank of East Asia.... | $112

Namina!

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 feux Road, next to the General Post Office.

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

The Parcel Pat Sarvios to Kwangsl with the exception of that to Wa- chow, Kwellia and Puglo, is suspended until further notice.",

13th May

INWARD MAILS.

FROM

PES

DUE

Insurances

STRAITS

Oremar

DHANGHAY & EUROPE via SMERA

$805 31.60

Canton Insan

$875

(London, 31 April)

Patroclus..

136 May

13th May

Underwriters

$1.70

STEAITS

Alipore

211

T.100

North Chins

T160

BATAVIA

badak...

19

$470

Union Ins......

$470

SHANGHAI & DWATOW

Beochows

May 14th May

*

M$50 Yangtaze Ins.......

$60

***

$365"

China Fires... 8354

London, 17th Aprilų

Kursang...

15th May

$900

H.K. Fires.....

$900

JAPAN & SHANGHAI.....

JAPAN..

Kags Maru

Hakone Maru.

10th May

18th May

Shipping

G.S.A

Pr. Taft

18th May

$29

Douglases

931

Sphina

Sun May

$231

Steamboats

$13

Indos (prof)

Chicñsbu Maru

9th May

Do. (def.)

Tanga Haru

19ad May

*95/-

Shell Transports .....

3rd May

$29

4

***

Mantua

23rd May

Empress of Russia

18th May

*

$6.30

$211

$40

Water-boats

Mining

Banquets......

39/9 Kailans

T13.10 Langkats (comb.)

Do. (single)

T1.15 Explorations...... T5.65 Shanghai Loans

Raubs

21/-Tronoh Mince

19/3

Docks, Wharve1, Godowas, etc.

$172

HK. & K. Wharfs...

3179

$6.15

Providenta

$6.15

$38 $381

H.K, Docks

***

Shanghai Docks

T31

8172

T.136 T.S T250

Nevertheless, Ford might con side buying warships ordered He would scrapped by treaties. cut them up and turn their steel into automobiles and tractors. At his River Rouge plant near Detroit T.13) 7.80 he has $600,000 worth of equipment which was used in cutting up Ship- ping Board vessels.

That was a profitable venture." he said. "I'd be willing to do it with naval vessels of it could be made to pay

i.gs in a hurry if I were in your shoes, but should the market show the slightest sign of weak- ness, get out A small proft in hand is worth a large one in the btsh.

New Engineerings

Hongkewa

Cotton Mills

******

!!!!

Pr:::::

$60

EUROPEOTIA NEGAPATAN (Letters only,

(San Francisco, 15th April, HONOLULU, Japan & Shanghai

Japan & SharGRAJ JA

U.S.A. (San Francisco, 26th April.

(Seattle, 3rd May), CANADA. Heinley 14,

CANADA (Bocouver, B.C., 8th May);}

JAPAN & SHANGHAI

T

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,

JM

HONOLULU, JAPAN & SHANGRAS,

ACSTRALIA Maisa

96-

JAPAN & SHANDHAI

JAPAN & SHANGHAI

0.5.4,

TA

T.9

TI

T3

Foa

PER

DATI & TIME

$1721 $6.157. 25

Tuesday, 13th,

Bangkok

Hero

***

Mania

Tjikarung

9.30% 10,30 k

18.05

+

Tw

•

watow, Amoy and Foochow Fort Hayard Amey

Huiyang ...

1.00

***

Saigon...

Ulara Jebsen

ΟΙ

Patroclus

(rights

connecting with Beg.

T56

19.70

گرام

Taipoosk

Tinalak

4.30 P

4.30

X

4.50 =

4.15 PM

Australia (except places North of Bris-) 1.76.

bene), and New Zealand va Singapore

3 Nious Hol-, Leters

and Bristane-due Brisbane, 3ra Jaasland at S'pore.

traits, Ceylon, India, Mauritius, E, kb. Africs, Egypt & EUROPE vis Mar seilles-que Marveilles, 11th June: „...)

5.00 P-

| · Kowloon P. 0.

Bog 4,30 : + Letters 4.30 PM

G.P.U.

- 5.00 PM

Patroclus

Lox. Letters

Wednesday, 14th

10,30% M

3,30

Parcels

**5,00 Far

Kreeryang... Tainan

America & UROPE vis Vane | Emp of Canada Ahursday, 15,

Thursday, 15th,.

8.80

Paral Noon |Letters, 1,00 PM

Ewos

T13.40

1.79

S'hai Ctons (old).

Do. (new)... To Zoong Singa

14

Lands, Hotels and Bülltings

$13,30 13/10

#771

H.K. & 8. Hotels ... 312,90 HK Lands

812.90

377

|73,77}|

J

970

Shanghai Lands....

$11

E.K. Realtyameri

Swatow

$144

Humphreys

814

Beibow

$88

Chinese Extates.

Amor

Shanghai, Japan, ('anada, C.R.Am. C

Publis Utilities

€20.80

Tramways

$113

$8.00

Do. Star Ferries $75

830.80 $217 Peak Trams (old).... $11

(new)...!

521

3th Mix, Enrop- ris Siberia.

couver, B.Cute Vancouver, Bu,

Letters 30 DU AL

$

Boihow, Pakhai & Haiphong

Manado Maru.

$79

327

$224

$761

$76*

Straits & Calcutta - Sardakan "

Borang

Mausang

1.30 2.

$23

Friday,

Swatow, Amoy & Foochow

Haining ...

9.00

Kowloon P.0.

Straite, Carion, India, Mauritius, E. &

South Africa, Aden, Egypt and f LUROPE via Murmujosmize Mur- Hakme Haru..... milies, 15th June

Reg.

4.30PM

4,50.

G.P.0.

Reg

5.00 =

Lettera

Kumsang

5.00 2,

Amoy

Cements (comb.)... $18.30]

$18.40

Amoy

"Autung

Do

Do.

(old)... (now)...

3118

Saturday, 17th,

·5,00 #.m

Sunday, 18th.

$8.75

$8.65/70

Bangkok's Systow

Kiangon

Hwatov, Amoy & Formosa

Horan Maru

$29

"Japan, Bonolulu, Canada: U.S.A., C. & 8.)

America & KUROPE via Saa Trans || Pros. Jackson

soodne San Franciwoo, 11th Juno

Monday, 19th, Parents - 3,00 PM

Keg.

415 PM

Latt

500 PX

||Beg,

60°rm

Shanghai and*LUB3PK vin Siberia

Pres. Jackson

eller 6.00 – «

Manila, Australia and New Zealand.vis

Parcels

Letters 10.30 a

CORRESPONDENT - Too high !

Don't bug.

a security you WORRIED-AS

should not give more than fifty per cent, of the market value on the stock you mention. Being a 861 private company they are not bound to show you their accounts, but if the borrower you have in mind is a business man, he should be able to show you the com pany's latest report and balance" sheet. Study that before acting

*

mere speculation. "Future pros-MONET-I attribute the rise to pects are at best a gamble, so

pare speculation. The shares art keep off!

hot worth the figures at which they are quoted. Get out by all ameans, and if the market, should go higher you

sell your friend's holdings as well without risk..

CURIOUS.-You are not accurate in your figures, but the question you ask is unusual. You are en- titled to know all about it." Go and see the Chairman of Directors, and don't be apologetic about it.

too.F.C.-1.-Na

PRAYED-You are right, but rum- ourists keep at work and with the easy money in the market I should not be surprised to sec as much as $20 paid for this stock. I would not sell.my hold-

(Continued on next Column.)

•

CLD

+

2. I do not ad- vise you to buy this stock as an investment at present quotations. 3 and 4.-Walt a little-ya. Fortnight. I the demand is still strong wait a little langer, but if there should be no change in the ratrs, get-out. You need not fear a drop within this period. 3 China Providents.

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, Sassoon House, Shanghai, (cable address: "Swanstock, Shanghai), who are not responsible for cable mutilations:-

קי

Tone of Market-Strong.

No. of Shares done-1,750,000.

Call Money-3 per cent.

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

J

C. Lights (old)...... #271 ex div,Į

Do

lex div. (new)................. $22 H.K. Electrica ...... $764 Macao do. Sandakan Liglite .......

$134 Telephonea .................................. China Buses

Tractions saiçantas Do. (prot)....UT

T.19

18/6

Industriala

T10.70 Caldbeck, Yard.)

TIL $21.

$161 $18.40 $10.40 $11

38.90

$1

$1.20

827

**

Macgregor pref.) Canton Ices

Ropes

China Sugar.................. Malabon Bugari United Axbestos...

Miscellaneous

$13

Dairy Farms..... 1251 Der A. Wingeries Amusements.mun Constructions.-----. #14° $3.85 Lane Crawfords .. Mackintoshs

$28.20 878.10

$0.80

8291 $1.40

$134

$12

$12

8%

prom.

Nanyang Tobacco.. Sincerea (old).......

(new) $10,40 Watsons ***A KUTAN

Do.

$2.85 W, Powells

B. Ind. G.$ Bonds... 56% B.K. Govt. Loan

LOCAL AND BEGULAR OUTWARD MAILS.

FROI G.P.O.

⠀

Thursday Island – dos. Thursday}| Taiping Taland, S1st May

Manila #Australia and Few Zealand visi

Thumay laland - das Thursday Kaga Maru laland. Ved data.

Bwatow, Amay & Foochaw

saigon, Straits, Ceylon, India, Mauritine, East and South Africa, Ader, Egypt &*BUROPE via Marsillog due lé azfitius, 21st June

"Birulta, Unjšim, India, Mauritiás, K-& 8. Afrion, Aden, Egypt & EUROPE Tia MAPS og faraoilies, 20th June)

WEEK DAYS,

<fig

Fox ¡ÉENTNOWAN

BRanch P.0.j

From G.P.O

SUNDAYS & HOLIDAYS | Japan

*FROM SIHUNGWAN BRANCH PO.

17.15 am. &

6.00

1730 am, &

57.15... 4 1800p.m.

New Yonx, May 10, 1930.

Last Dividend.

Latest Sales.

Canton

72

01

Missing,

40%

Macso & Trinshan

33

(7.16 x.m. & {1:15 p.m.

30c A

36

None

240

Electric Bond and Share

BC

103

Nane.

48

Hongmoon (except Saturdays) 6.00 p.m. Kantong (except Saturdays)... Fatahan (By Train)

: 8.00pm. 6,00 pa

7.15

9,00..m

( 9,00 sm. &)

3.00 2.

{3.00 p

Eric Railroad

General Motors ..... General Ry. Signal ..... Gold Dust

Goodyear Tire and Rubber Granby Consolidated Hudson Motors International Cement,

**Täternecionkicked

Montgomery

Ward.

Nevada Consolidated Copr

Radio Corp

None

RID

Tal 0

Tal Poin

Shamchun

Haïching.

Sphina

Tango Maru

・Mantu

*Superscribed correspondence GoIF.

16th,

000 & M $3,00

6.00

Bog. 20th,9,45 a m

Tantay, 20th,

8.45

Litera 9.30%

1.007 M Kowloon P.O.

Beg. 100. Letters 1.00 r .. -U.P.O.

Bay 1.45 M LiLetters: 230 x 20"

Friday, 23rd,"

· 9.30 AM)- Kowloon P.Ü.E

4.30 M Parchis Key, 24th 9.00 A Letter: 10.00 4 *

Pax.,23rd, 5.00 Hag 1618,0.45 & M

| Letters || 10.80 AM

9.00 am, &

8.00 pm 717.80 p.m.

4.80 pa. Baturdays.

4.80 pz.

7.30 .. 7.00 p

7.30 zz. 1:1.80p.m

Sundays (6 pm only

(7.15 m. & 1.15 p. Bundsys 8.15 am. only 6.00 pm.

7.15 m. 9.00 am

∙11.0 am.

(-11,00 am." {& 4,30 p.m.

7.00.

Bundays

5.00 puzz.

only

(7,80 km. & 1.30 pz. Sundays

| 8,80 8.00.

only 8.00%.f

6,00 par

WHEN YOU ARE DUE FOR LEAVE

Send a Chit to. 11, Ice House Street. order the Hongkong Weekly Press be sent to you

Three months

$3.7.5.

Stanley

1.00 pm

1,00 p.m.

Six months.

Seara Roebuck. & Co.:

Autan Pingshan,”

10.80 8.m.

3E

Shada, Shatan

3.00 p.m.

Twelve months

$15.00

Simmons Co.

Standard Oil Co. of New York

1.60

Sheangukal

4.30 p.

130 Piz

Union Carbide and Carbon.)

2.00

U.S. Rubber

Nonei

Missing

Naitan, Shekki &

(Fumin)

7.00 plic

United States Steel

Balkong....