1930-06-03 — Page 12

12

Money and

Markets

GOSSIP FROM THE SHARE MARKET.

PREPARING FOR THE JUNE SETTLEMENT.

FREE ADVICE FOR INVESTORS.

L

[By "KUFAN."]

The continual drop in the rate of exchange is bringing "more money to the share market, and appareatly there is now a class of investors

who do not look at all at the return given by their holdings, but only at the possible rise in the price of shures Bold. In other words, the only thing they look for is capital appreciation, with no thought for any return in the way of interest.

During the week under review, Banke, Unions, Electrics, Lands, and Cements all showed an appre ciable rise. Of these, Banks and Unions, are "still much in demand and probably will see higher rates yet. Lands and Electrics are much sought after, and there is a pecu- "larly strong demand for Cements at the moment, though nobody seems to know why; unless-Dame Rumour has been busy again.

I have had, many queries during the week as to what I think will happen before the June Settlement. Candidly I do aos anticipate any difficulty, because there is so much cose money available, and further, at the moment, there appears to be general confidence, in the market. Solid stocks, paying regular divi- aends, will probably not move very much one way or the other, but the

some of the reaction on speculative kind of shares may be considerable

more

There is no denying that a cer- tain amount of "wild" speculation has been going on for some time, and there is also no evading of the fact that certain stocks have been rashed up on the flimsiest pretext. My advice those who are feeling uncertain about the June Settle- ment is to sell their holdings and take a little interest in the Settle- ment as possible. The recent rise in practically every stock should en- able many to sell at a profit.

If there should be another crash, as in 1925, would it not be better to be in possession of solid stocks rather than stocks where the inter- est returned is negligible t

HONG KONG BANKS-A few shares changed hands during the week at 81,500 to $1,510, and buyers are still asking for further shares at the latter figure.

UNIONS have improved to a buring rate of 2475 ex dividend, after sales had been registered at $300 cum dividead.

WHARVES are inquired for at $178.50.

*

|

PROVIDENTS have sellers at $5.80, and I heard on Saturday that sellers were prepared to sell even under this rate.

*

+

HONG KONG HOTELS have sellers at $12.30. after sales had been put through during the week at $12.78.

•

HONG KONG LANDS are wadł ed at $87.25. At the opening of the week quite a number of shares were put through at $86, but the rate gradually mounted to $87.50.

HONG KONG REALTIES have sellers at $10.75 and possibly buyers

will pay $10.50.

*

*

*

HUMPHREYS have improved to 37, and at this figure a few shares changed hands.

•

TRAMWAYS are a shade better, after sales had taken place at $20,40 to 820.60. They closed with buyers at $20.50 and there are further sellers at $20.60.

DAIRY FARMS were done at $24.90 to $26.95, and farther small. lots could be probably placed at the

atter figure.

EWQS are at the moment very quiet, the quotation being Tis. 13.00 buyers and Tls. 13.70 sales.

ANSWERS TO CORRESPON. DENTS.

T

column

Every week in this Kufsa" replies to correspondents who may hure questions to put re- garding the prospects of any stock quoted in Hong Kong, Shanghai or Singapore. Questions regarding principles, practice, and custom can also be dealt with.

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

HONG KONG DAILY PRESS, TUESDAY, JUNE 3, 1930.

CANTON TRADE

NOTES.

A group of match manufacturers are establishing a factory for the making of match-boxes at Wuchow, where wood suitable for the indus- try is plentiful.

*

DAILY SHARE QUOTATIONS.

HONG KONG STOCK

EXCHANGE.

SHAREBROKERS ASSOCIATION

Paren

Bellers Bale {Nomina}}

MONDAY." JUNE 2.

Buyer Sellare Sales Nominal

factory. Prices of cocoons are, how-

ever, very low, varying from 87 to $10 per 10,000. In view of the low $1,525 prices, farmers are reluctant to sell.

2113)

£17

£12

$190

The present silk crops are satis

Drastic measures have been and are being taken by silk filatures in the country districts for the im provement of the industry. They have requested the Silk Bureau to dispatch experts to direct them.

The cotton yare market has some- what improved, there being some demand from the districts on the West and North Rivers. Supplies from Shanghai are abundant, but prices are variable. According to Shanghai telegram, the market there is normal.

*

In consequence of the movement for the promotion of the use of Chinese native goods, weaving mills are doing fairly well. Demand for Chinese clath by the Chinese of Malaya has become very brisk. To cope with the growing demand, the mills have engaged more workers. 1.960 During last month, over chests of locally-woven cloth were exported to the Straits Settlements and the Dutch Indies, this being an increase of 260 chests over the cor- responding period of last year, Demand by the country districts is also healthy.

SUGAR MARKET.

Messrs. Peatreath & Co. have received the following report from Hornby, Hemelryk & Co. dated Liverpool, May 2

475/80

Banks

H.K. Banks

****s-$1,596

Do. (London) *** Chartered Bank's .... Mercantile Bks. “A"

Do.

Bank of East Asia... $120

Instrandss

Canton Insurances. 3950 Underwriters

****

11111

$960

$3.15

and

+

$2.75 33

T.160 3473

493

*10

North Chings............

Union Insurances ... $475

M.950

Yangtare Insurances

3400 $966

China Fires

$380

$950

$23

!!!!!

$71

H

T1,30

***

$261

!!!!!!

H.K. Fires.......,

#1,430

Shipping

Douglases

523

**

Steari bosta

$43

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

$10

Do. (def.).......

951.

Shell Tranporta...

Water-boat 2990

$33

14

41/3

Mining

Benquets...

Kailans

T10 Langkats (comb.)

T.7

Do. (single) Explorations... T5.66 Shanghai Loans ...

Raubs

91/ Tronok Mines

$178

$180

53.70

$40)

18

+

***

Every effort will be made to give as full and detailed a reply sa possible, but no responsibility what

A further decline has been regis- ever is admitted by the writer intered in both the English and the T288 so doing.

New York markets, and this must be attributed to heavy Cubau hedge selling and to an entire lack of demand for refined sugar. ·

Those who have written for in formation last week will find an- awers to their queries below:- V.N.A.-At present quotations, the return is about five per cent, but on the whole I would not hold these shares very much longer if I were in your place.

The dividend was announced last year in July, and presumably it will be the same this year, I am afraid I cannot say how the company has been faring in com. parison with former years, hence cannot guess what the dividend will be.

+

"

KL.L.--I advise you to sell this stock 2-1 also advise you to sell these shares. With regard to the latter, I notice that you state call cost paid." If this means at the time you bought your shares, well and good, but if the call has not been paid set, better attend to the matter at once, otherwise you run the risk of losing your shares. ESPILI-1-Yes but you may have a long wait. This stock has been to my mind, artificially "boosted" by a certain syndicate, who ap pear to be weakening. at the moment. If you have shares. You can lose nothing by holding on. If you buy a rapidly rising stock, you might find that you got in at the height of the "boom." I many add, however, that the general opinion seems to be that prices will go higher. ARCHITECT-I can see no reason for a rise in price by September, and candidly cannot recommend you to buy forward at the figure "you mention. If you have faith in the stock, the obvious thing to do is to buy cash shares. Buying now for September is too much like speculation for my liking.

RAW SILK.

Messrs. Hornby, Hemelryk & Co. report under date Liverpool, Alay

E

The decline has made a little further progress during the past week, And, on balance, values are about 4c to 6c. lower.

The American silk statistics for April compare as follows:-

Consumption: 41,584 bales, against 50,803 bales in March.

Stockca: 53,704 bales, against 67,773 baler in March.

:

According to the latest figures STAR FERRIES are wanted at available, stocks of raw silk in Canton total 15,000 bales against 898.50.

5,000 bales a year ago, and there CHINA LIGHTS are easier with 18 talk of some Canton Alatures having to close down in view of the sellers at $28.75 for the old sharea.

new crop in sight and of the exist ELECTRICS had buyers ating large stocks." $83,50, During the week sales took place at 385.50 to 884

*

•

HONG KONG TELEPHONES have had a spectacular jump alas. Shares changed hands all the way from 814 to 817. and I think further shares can he placed at. the latter figure. -

CEMENTS Are sold during the week at rising rates. the market opening at 816:00 and closing with buyers at 217.60. During the week sales as high as $17.80 were re ported

ROPES-Buyers do not seem to be interested in this stock at the moment, and shares are being offer ed in the market at $8.60.

The feeling in American trade circles is that Japan will take drai tic steps to reduce the heavy stocks held in Japan: The stocks at Japanese ports on April 18 totalled 82,000 bales, compared with 70,000 at the end of March and 58,000 bales on March 15.

The raw silk demand in America bas improved to some extent during Weer and busine the past week. silk and in bosiery Ens also how improvement.

The statistical situation remains very bearish, but seems to us well. discounted at the present low level: and we feel that purchases of dis tant deliveries look attractive.

Close New York Boturday-July $9.840 September $3.84c., Novem ber. $3.840.

The genera idea prevailing L week ago was that prices had fallen low enough, and a revival of trade demand has beca expected in this country now that the Budget is out of the way. These hopes, however, have not so far been realised, and consequently those who had made purchases in the anticipation of im proved prices have been liquidating their contracts.

May liquidation in New York is already in full swing, and it is only talk of a possible increase of the tariff to 2.20c. which has led to tenders being fairly well absorbed.

A certain amount of liquidation in London of the May position has already taken place in anticipation of tenders. At the moment, how- ever, it is very difficult to gauge the open interest in May, but we think that the May position is fairly well liquidated..

The Cuban production to date is estimated at 4,050,000 tons, with 109 centrals still grizding,

'estimate

of

Dr. Mikusch's estimate of Euro- (excluding Russia), as compared pean sowings is 1,953,000 hectares with Mr. Licht'a

hectares, 1,970,000 Mikuseh's estimate of 1,757,000 hectares a year ago,

and Dr.

The unrest in India must be causing anxiety to the Java Trust, as it is quite conceivable that should the trouble spread, the out- let for the present Java crop may be seriously menaced.

T13.40

$87

4111

!!!!

$12.50

087/2

*T,985

$10,90

$17

$17.10

104

109

www

Docks, Wharves, Godowns, etc.

EK. & K Wharfa.. Providenta......................

H.K. Docks

PRAKINGGR

1133 Shanghai Docks ....

New Engineerings

Hongkewa

Cotton Mills

S'hai. Ctons (old)...

Ewos

7.86

1.10

Do. (now)...)

Zoong Sings

Landa, Hotels and

¿

Bulidings

HK. & S. Hoteis ...

H.K. Lands

Shanghai Landa .....] H.K. Realtys

Hamphreys

Chinese Estates

Public Utilition

£131

FOREIGN MALS

RADIO NOTICE.

Individuals and Arms' are 'recommended to register their bale- graphic address at the Radio Ofes. No charge is made for this.

PUBLIC HOLIDAY." Oz Tus-day, the 3rd June, the G.P.O. will be open from 8 am to noon, -Kowloon Post Útfies 8 am, to 11 am, and, the other Brauch Post Offices 8 a.m.

to & a.

There will be one collection from the pillar bores, ona dulivary of ordinary correspondence as on Sundays, «nd one delivery of registered corres-

ondence at 9,

The Money Order Offic, will be entirely closed.

INWARD MAILS.

FBOX

PEB

Dus

BAIGON

Portion

3rd Juris

T160

$80

***

SHANGHA) and Swatow

”, Axor and SWATOW ...

Calcutta, sad dTEATE

Dalcutta red StrAITR Jaran and SHANGHAI ANOT...

3rd June

Genk, Metzinger.

Tulamba...

4th June

Stockout

4th

June

Van Houtes

June

Sui Sang...

4th Jans

JAPAN

JAXAM

#akasa Har J'unda

40

June

sth June

*

STRAITS

Talma

bib June

EUROPE via buzz (Letters and papers,

London, 8th May, and pargel, 1st May

Farmala...

Scb Juas

840

JAYAN

+4

Sydney Haru

5th June

96/3

JATA 10

Tilebosi...

den June

$33

Pres. Grani

6th June

**

Hisendari St. Albums Gremor

8th June

9th Jame

10th

440

Juno

18th June

54/- T13.10

M

T125

*T1.68

91/

៖ ខ្លី ៖

$10

$180 $3,70

$179

"841

T.132

T8.30

!!!!.

SEATTLE (17th Mísy), Casana, JAPANĮ

and Braxtonat.

SHANGHAI and Amor

Avstrals and Mastia SEKAITS

"UANADA (29th May), U.SA, Japan)

Bud SHANGHAI

Empress of Asian.....

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 & am. registered and parçel mails are closed at 5 p.m. on the previous day.

FOL

Beihow and Bangkok.........

Batavia

T13.60

T.85 1.84

gon, Straits; Cayion, India, Mauritius,

•East And *South Africa, Aden,

Egypt and EUROPE via Mare

T.101

use alarmilles, 5th Juy

PER

DATE. and TIME

CuenJay, 3rd,

Chinhua Turnen

8.30 2.30 A

Kowloon P.U.

10.30 & M jey.

Shanghai, Japan, Canada, U.8.A,, C. and

S. America and "EUROPE via Van-

Gaul. Matsinger Leiters 10.30 AM

couver, B.Udue Vancouver, B., Krip, of Buzsá 21st June and *Europe via Šibería į -ship sails 6 m, 4th June...

"Haiphong

G.P.0.

11.15 AM

Bag.

Leitors Noon

Parcela 11:00AM-

Reg.

11.15

| Lacubera

Nous

Gov. Gen. Merlin

Noon

Noon

Noon

Frus. Jeferson

Noos

***

*T

Hoiyong...

Noon

LUPX

Wednesday, 4th,

8.30 AM

Fork Bayard, Hoihow, Pakhoi and Haiphong Rabaul

watow, Amney sud looshow. Samahui and Wuchow

140

Holow, Pakhoi nd Haiphong Bwalow...

Tondin

Bremerhaven

Boonou

Limehow Krongsamu Margaret Dollar.

8.30 AM

$12.60

887/1

817.10

Manila

$10160 0192

520.70

Tramways ***

86.10

$86

Peak Trams (old).

Do.

$20 $20.70 $20.80 $12

Ma

386/

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

3281

$24

Do (new)

Iloilo diuraita Amuy 1

***

#834 8831/3

823

#171/.70

T.19

***

10/-

18/6

145

$93 $815834/3

810 $17

$181 #12

$8.90

In spite of the low prices ruling to-day, it is dificult to war enthu Biastic regarding the situation in view of the large quantities of Cuban and Java sugar remaining 320 unsold.

"Close Liverpool last night:-Aug. ss./Dd.; last week: 88.743d. Oct. as./2d.; last week: 6s./5d.

Close London last night:-Aug Ca./9id. last week: 75./1d. Dec. 7/2ld last week: 78:44d.

Our New York correspondents cabled last night that the market is heavy. Long liquidation and hedge pressure on distant deliveries are After the tariff is in evidence. passed, it is anticipated that there will be increased offerings, especial- ly of duty free sugar.

Close New York last night :-- July 1.53c., last week 1.81c.; Sept. 1.800., last week 1,60c,; Dec. 1.69c.. last week 1.78c.; Jan. 1.710., last week 1.800.

EXCHANGE-RATES.-

(CHITISK WIRKLERS SERVICE.]

RUGBY, June 1.

123.03 4.85 29/32

Paris New York Brussels

Geneva

Amsterdam

-Milan communitate:02.74---- "Berlia

Stockholm Copenhagen Oslo Vienna Prague

Helsingfors Madrid Lisbon

(new)... $61

Star Ferries... #80

H.K. Electrics ....

Macao do.

Sandakan Lighta.

Telephones... $17.

China Buses............. Tractions ........... 6/9

Do. (pref)......

Industrials

T10.70 Caklbeck, ((ord)

T.11 Macgregor (pref.)

Canton Ice in

Caments (comb.)... $18.20

Do (old).

Do.

10.30 & M

2.80

5,30 IM

Straits

+

Hai Hing Taryaan

DA

Yan Houts

·Swalɔw, Amoy and FormŐEN Straits, Kast Africa via Mombass, South Africa, vis Laurenco Marynes, and *South American Porta

Manila, Australis (except Places North of Townsville) and New desinti vis Brisbana --drie Brisbane 19th June)

Deti Muru

Wakan Mar

Thursday, 5th,

Sydney Mara... Begi

Bui Sang....

10,00 M 10.80 AM

2.30 x

4.15PM

Alerg

5,00 z

Amoy

6.00 € M..

***

www

Friday,

6th,

(new)...

$2 $183/.40

$12) $5

Paroels

Noon

Straits and Culostin

Kum Sang

Laiters 1.00 ♬ m2

Hazila, Bandakan, Australia and New

Parcels Noon

Bopes

$8.80

Zealand via Thursday Island-due}] Tanda Thursday Island, zand June ... -

Letters 2.30 ↑ X

$1

China Sugars

827

Malabon Bugara ....

$29

Swatow, Amoy an a zooshow'

•

Hai Ning...

United Asbestos ...

***

149

Miscellaneous

Dairy Farms.

Straits, Ceylon, India, Mauritius, E, and S..

Africa, Adon, Egypt and EUROPE via} Emca --Marsallimeediae flares...es, 5th July

Bangkok via Swatow

Swatow, Amoy and Formosa

Frea. Grant Kweyang...

Kowloon Parcela

2.00M

P.Q.

4:30 pm Hegy 7th,9.00 A M Letters 10,00 X G.P.O.

Far., 6th, 5.00 r B. g., 7th, 9.45 ▲ x Letters 10,80 A M

Saturday, 7th,.

4,30 F 5,00 73

Bandiy, 8th,

9:00 AM S.OV A N

Taesday, 10th,

$281

697

128)

31

Der A Wings..................

Amusements ................ Coustractions................

$291

$1.90

$3.60

Maniin

$12

Amoy

$12

$23

$1.90

$18

$3,70

$121

$13

91%

Lane Crawfords ... Mackintosha izote

Nanyang Tobaco... Sinceres (old)...

(New)

$285 W. Powells .......................... 62)

B. Ind. G. Bends....

、

697 prem 10%

204

Do. Watsons

HE. Gert Lonn. ....

$1091

LOCAL AND REGULAR OUTWARD MAILS.

Ko'gan Uanton Maru ·

Mania and Java via Sourabaya

Swatow, Amoy and Fooshow...

Tisondari Hatching...

9.30 AM 1,00 M

Btraits, Ceylon, India, Mauritius, E. and 8.,

WEEK DAYS.

FOR

From G.P.O,

F20x SKEUNÓWAX BRANCH F.O.

FRox GP.O.

SUNDAYS & HOLIDAYS

FROM SHEUNGWANT EXANCH *P,0.

Africa, Egypt and EUROPE via Mar- mailiza-dus Marseille, 9th July

Antenor

Kowloon P. 0. Bog. 4.30 rx Lotters 450 FK G.P.O.

Beg.

5.00 z

Laterz

6.00

Wednesday, 11th,

Bwatow Tandaksa

Kwaisang -Alanmang...

8:30 AM

1.80

Canton

( 7.15 mm. ♬ | 7,30 mm. 16.00 p

17.00 pm

(7:18 150m, &] [7,80 am, &

5.00 p

7.00pm Buadsys 16undays (p., only 7.00p.m.

-17th,

Kanila

Empress of Aria

8.00 PM

Lonly

Superscribed correspondence outr

& 17,30 am. &

Mona & Trimmane

-§7.15 am, & | 1.7.30 a.m.

{1.10 Pritte

11,80

Eongmoon (except Baturdays) — 6.00 pm. –

34.815-

25.215"

12.08)

20.36.

18,115

Kankong (except Saturdays)...

18.165

18.155

Fatahan (By Train)

34.45

Tai O

1837

Tai Po

193

39.895

Shimchun

109.25

6.00 p.m.

7.15 8.11.

9.00 .

( 3,00 mm, &

19.00 &

1.00 .XL

9,00 11,

Lonly

[7.15

1.15. Put Sundays 8.15 Lonly

€6,00 0 pm-

7.15 1.7.

1.30pm

Bundays

6.36 1.m."

6.00 petang 6.00 pm

Interested In Wireless?

Then look for some

the

sting news

"Daily Press"

next Thursday.

110 am

11.00 am 44.80

13.00 p.m.

3.00

[1280 p.m.

1.00p.m. 14.00 pm €8,00 E

100 p

//8.30-

-100 p.m.

10.30 B.TH.

Brightest

·Rio

5 55/64

Buenos Aires ...... 428.

Bombay Shanghai.. Hong Kong

1/61

Aberdeen

1/77

Stanley

Autan, Fingahan, Santi

1/4

Shatin, Shatas

8,00 patie

-Yokohama

2/03

Sheungahni

Silver:

Balkung w

4,80 pm,

-Namtan, Bhokki &.

Forward

175/10

(Fumán)