1930-06-10 — Page 13

Money and Markets

GOSSIP FROM THE SHARE MARKET.

REACTION SETS IN AFTER MILD "BOOM.".

FREE ADVICE FOR INVESTORS.

[Be“ KUFAN"]

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

The reaction predicted, little while back has set in, this being dug in a large measure to profit- taking before the June Sectlement, which, from all accounts, is going to be a very heavy one.

The majority of people who are

interested in the share market are making money. When things wère Brisk there was a distinct greed for more in evidence, and "now, when things are "slowing down a bit, the Süme speculators are anxious to accept smaller profits rather than take any chance.

I have been making close id- quiries regarding likely, dithedties in the June Settlement, and am pleased to say that so far there is no indication of any possible hitch. There has been short-selling here and there, but nothing, to cause aların. It follows, therefore, that we should not see any unduly sharp rise in any particular stock. fact, I would go so far as to kay that stocks which have risen merely on the strength of rumours are likely to recede considerably, and even some of the steadier stocks on the list may be affected.

Ia

A good time to get into the mar hat would be close to the June. Settlement, but even then I would advise the purchase of regular' dividend-paying stocks. In the event of an all-round boom, these shares will appreciate as much as the more speculative kind, but with this difference that if the worse should happen, holders of good stocks will know just where they sland, as they will have something solid in hand.

HONG KONG BANES-Due to the continued drop in exchange, Banks improved further, and shares chauged hands at the close of busi- ness at 81,300 to $1,340. On Satur- day a fair number of shares were offering for sale at $1,540.

CHINA UNDERWRITERS "were dealt in at $2,60, and are easy" at this rate:

UNIONS are wanted at $478.

KOWLOON WHARVES appear to have been neglected altogether,, And the buying rate on Saturday, I understand, was not more than $171, with sellers at $173. There has been quite a good number of these shares sold for settlement at a much higher figure.

CHINA, PROVIDENTS dropped a little during the week, touching $3.50. On the strength of rumours, however, this stock improved to wards Saturday to a buying rate of 83.70/80.

*

*

HONG KONG DAILY PRESS, TUESDAY, JUNE 10, 1930.

WHY ALWAYS PIECE DAILY SHARE QUOTATIONS.

GOODS?

PERTINENT QUERY ON

INDIAN BOYCOTT.

The following letter contributed to one of the foreign papers in India will doubtless be appreciated by harassed piece goods dealers locally:-

Sma,-Connected as I have been with the piece-goods trade for the last 13 years, I am interested both in swadeshi and foreign cloth. It is a pity that every time any poli-. tical movement is started, the cloth

sellers at $13.40 and no one to merchants are selected, as easy make a bid.

ANSWERS TO CORRESPON »

DENTS. ... "

HONG KONG STOCK

SHAREBROKERS ASSOCIATION..

EXCHANGE.

Bayw

BeEart

„Balan

Juminal

SATURDAY, JUNE 7.

Days Sellers

Balon Kamiga

$1,545

13

!!!!!

£109

217

*£29

£19

9121

Banke

H.K. Banks

Do. (London)... Chartered Banks ... Morcantile Eka. “A'

Do.

Bank of East Asia...

Tuarados

$1,040

Subr

FOREIGN MALS

RADIO NOTICE.

Individuals and Arima are recommended to register thair tele- graphic address at the Radio Office. No charge is made for this,

INWARD MAILS.

FROM

JAVA

+++

Japan and SANGHAI

MANILA

HAPAYTA

£99

$12

3121

JATAN

4

JATAN

$950 Canton Insurances..

$960

Jaran and NuasOHLI,

$3.15

Underwriters

$2,85

1.160

$475 478/50

North China...men | Union InsuraDOGS ...|

T160.

$478 $480

M.850 Yangtase Insurance.

$60

China Fires.......| $400 H.K. Fires....

MO

..

9400 $955

$95

***

victims. I am by no means an enemy of the swadeshi and have in fact always wished that bur.eus- tomers could patronize swadeshi. And there is no doubt that swadeshi Еусту week in this column cloth has made good progress dur Kulan" replies to "correspondentsing recent years and there is every who may hart questions to put re- chance of foreign cloth being garding the prospects of any stock eliminated from our requirements. quoted in Hong Kong, Shanghai But Rome was not built in a day and India' cannot achieve her indus or Singapore, Questions regarding trial development in a short time. principles, pëˇctice, and custom can

It requires time, patience and. also be dealt with.

Correspondents are naked to ad-energy to build up the industry. dress their queries to Kufan," What amazes me most is the queer care of the Editor of this paper, logic of the Congress leaders. One and to give their names and ad- thing I cannot understand is why dress. It is desirable that a nom

the foreign cloth alone is selected de plume be also included, in order for, boycott." There are a hundred that readers can readily identify and one other things imported from $8

the foreign countries. Why should the answers intended for them.

Every effort will be made to give the poor cloth merchant be made to suffer, when lawyers and bar- as full and detailed a reply as possible, but no responsibility what risters are allowed to practise, the attend their ever is admitted by the writer inrerks continue to

fices and when every other trade so doing.

Those who have written for iar profession continues? But alas formation last week will find an- the poor cloth merchant must be ruined, because it so plenses the swers to their queries below:-

gods. GRATEFUL-1.-There is no need to be panicky over this stock, as it is not likely to "flop." None whatever 3.-The Company has shown a loss in the years following the strike in 1025, when shares went very low. 4-The dividend paid last year was the first for some few years.

•

*

MEDICO-I agree with you that the difference between now and April is due to mere speculation There may be a handsome prest in this stock, but you are right in saying that your money is safer at the bank.”

*

J.G.B.-There has been a big de- mand for these shares during the last few days, and you would do well to hold on for another fort night or so before doing any thing.

RUBBER REPORT.

Messrs. Pentreath & Co. have received the following report from Hornby, Hemelryk & Co., dated Liverpool, May 14:-

There is a slight recovery in prices from those ruling a week ago, values showing on balance an advance of about" Id.

Unsold Stocks.

93/3

$33

Douglases

41/3

Shipping

Steamboats.......... Indos (pref). Do. (def.)---- Shell Transports ...) Water-boats

Mining

Banquets..........STIL Kailans

T13.10 Langkata (comb.)....

Do. (single)... "Explorations.........

1.8

T1.30 T.64

+4

Shanghai Lean

25

$26

Raubs

21/-

T.Ri

Very large stocks of unsold cloth are still possessed by the merchants and any movement that binders their trade helps the country to T285 wards economic ruin. It is a mat- ter for considerable surprise that Dr. Kitchlew and some other Con- zress workers continue to enjoy the Gold Flake or the Honeydew smoke, while they ask others to give up the use of some very vital necessities. What worries me most is the ques- tion of huge losses to which many of my fellow merchants will be put without any corresponding gain to the Congress.

In the Amritsar market it is rumoured that some of the Moham "medan merchants are trying to capture the import tråde. This aspett of the problem is very serious. It is. a well-known fact that the Mohammedans, as a com- munity, have not identified them- selves with the campaign of direct action. They are using every pos sible opportunity to strengthen their political and economie pozi tion and if the rumours turn out to be true, they are sure to establish a firmer position in the commercial

life of the court of the Muslims Consumers are apparently main-making an advance in any sphere, taining their policy of buying from hand to mouth, and interest is con-. "fined to spot and afloat rubber.

but what I cannot understand is the game of those Congress leaders who want to stifle the prosperity of the Hindus and thereby benefit the Mohaminedans. They might placate one community at the sacrifice of the political interests of the other, but any interference in the matter of trade is hardly fair. This may not be palatable to the Congress leaders, but there is a good deat of truth in this and I wish the Hindu traders realized this menace. The sooner they do it the better.-- Yours, etc.,

INDER LAL

Outside interest is not evident, and business continues on a very small scale, with slightly more dis- position to buy on any weak days. The American questionnaire figures for April are due at any moment, and it is expected the con- sumption figure will be between 38,000 and 40,000 tons. Consump- HONG KONG HOTELS Manged tion during January, February and hands at $18 50 to $12.40, and ap-March totalled 26,000 tons, 32,725 pear to be very easy to obtain at lens and 35,914 tons respectively. the former figure.

Shipments from Ceylon during April totalled 3,408 tons, as com-. HONG KONG LANDS also drop-pared with 7,365 tons in January, Our New York correspondents ped, the buying rate at the close 8,370 tons in February and 0,696 (cabled last night that as consump

tion is reported to be increasing and being about 855, with plenty of tons in March. shares offering.

Stocks:Landon 70,118 tons; shipments are generally believed to Liverpool 23,756 tons; a net increase be decreasing, prices should show HONG KONG REALTIES were of 458 tons..

improvement. American consump done at 810.50,

Close London last night:-Spottion during May is expected to d., July-September 7.3/10d.. Octo-reach about 46,000 tons. ber-December 7.7/10d., January- Close New York last night:-Old March 7.11/16d., January-December contract: July 14.50. September 1931 8.1/16d.

14.00c.; New contract: July 14.852.. September 15.030!

HUMPHREYS ESTATE were dealt in at 3:6.90 and have further buyers at this figure.

#J

HONG KONG TRAMWAYS were handled in fairly largo parcels at between $20.40 to $20.45,-closing with sellers at 820.40 and buyers only offering 320.

*

STAR FERRIES have sellera ut

885,

+

CHINA LIGHTS-also eased off bit, and the buying rate on Satur- day was no more than 7.25 for rash shares.

HONG KONG ELECTRICS were "done at $9.50, and also look like

rasing off further.

TELEPHONES were dealt in at $17 to 817.24, and also closed easy with sellers at $16.40. T

CEMENTE appear to be about the only stock to maintain their position more or less. They drop- ped to #17 and then improved to $17.75, but. Bually buyers would only pay $17.50 for shares,

ROPES changed hands at $8.50 and $8.60, closing with sellers at

DAIRY FARMS"bare"

8.25, but there are no buyers at this rate.

AMUSEMENTS—A small parcel changed hand at $22.

EWOS are absolutely out of the picture at the present time, with.

(Continued on mert Column.)

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 addreas: "Swanstock," Shanghai), who are not responsible for eable mutilations:--

Tone of Market-Weak.

No. of Shares done 2,300,000. Call Money-3 per cent.

American Smelting Anaconda Copper Baltimore and Ohio Borg Warner

Continental Of ...... City Service Common

NEW YORK, June 7, 1930,

Last Dividend.

!!!

Tronoh Mines

$960

$13

$25+

T1.301

T.61

Docks, WharreS,

Godowns, etc.

8174

H.K. & K. Wharfs...

$177

5,70/1

$401

H.K. Docks..................

$41

1133

Shanghai Docks

***

New Engineerings

***

T13.40 T.132

$12.15 812.30 312.15

T.$85

863

- Pas

Dux

10th Juna

10th Jose

10th June

10th June

-

11th June

12th Juno

18th June

Mishima Maru in

18th Juao

Long Ewa

13th June

13th June

16th June

Fyrrhus

Toth - June

Bratpress of Asia...

16th Jane

Pres. Lanosin

16th June

雪申嘶

SHANGRA and EUROPE via SINA:

(London, 24th May) ...

Buxory via Negaratax (Letters only

London 15th May)

U.S.A., Hoxului, daran and Shang-įĮ

HAI (San Francisco, 16th May) LONDON (Parcels 8th hisy) and STARTS... UN U.2.A, JAPAN and SHANGRAI

(Vancouver, BC, 99th May). USA. HONOLULU, JAPAN sod SHANGHAI Į

(San Francisco, 23rd May}

Australia and Masina

Japan and huINGHALA

THE

***

ubia, Monolulu, Japan, szÚ SRANG-

HAI (San Francisco, 44th May)

Tiilabost .... Bado Main Tengo Alaru

Oremer 2jikaramy Koenigsberg

Biode Janeiro Maru

Fushini Maru

Preu: Juhnson

Aki Maru Andre Lebon

17th Ju

1784 June

...Shinyo Maru

Kanpura... Haruna Moru

18th June

Seob June

*Rod Jule.

23rd June

JAPAN and NBANGULI

810 99/3

SIZ

MAIIN...

144

54/ T19.10

TW

***

21/

Providents.....$3.60 $5.80 $5.70

Hongkesnici ses

Dotion-Mills

Ewos*

T.86

10 Zoong Sings

S'hai, Crons, (old).....] Do. (20w)...)

Lands, Hotels and Buildings

H.K. & 8. Hotels

Shanghai Landa...

$18.90 Humphreys ..........

Chinese state

Public Utilitio#

Tramways

Peak Trams (old)

Do.

Star Ferries

U. Lights (old).

FLE Electrica

88-1

984

H.K. Lands

$11.

申啡中

H. Realtyazare

396

TH

$20.35

$8,10

T.138 T9.30

A

!!!!

!!!!

T13:60

T.85 T.84 T.101

* Tango Muru

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 » a.m. registered and parcel mails are closed at a p.m. on the previous day.

Fox

Formc.

Manila and Java via Sonrabaya

Swatów, Amoy and Fooshow... Formosa..

Japan, Canada, USA. Central” and South American a d "EUROFE við Yotoria, B..do Vitoria, B., | 28th Jung

рад

Shanghai and * EUROPE_vis Bllaria

Straits, Ceylon, India, Mauritius, E. anl * Africa, Egypt and KUKUPE via Marseille-dus Marseilles, 9th July..... Jj

Atlas Maru

$19.401

124

8341

Amby

Swatow

帽

zandakan

***

Bwarow and Focchow...

$10.80)

shanghai, Japan,- Honolulu,

US.A

$16.80

Ussada, Central and South America, | and *EUROPE via San Franc dae San Francisco, 4th July and

EUROPE ria Siberia

Pan

DATE and TIME

Tuesday, 10th,

Batavia Maria

9.30.X

Tisondari

9.30 & X

Haiching

1,00 X

2,80 € X

„Prea. Jefferson..... 3aroela

3.00 PM

BOXI

4,15

Lotters

5.00 2

Prea. WeferBUM,

Letters

1

Anterior

seg. 5.00 z M

6.00

Koshloos P. 0.

Beg. 4.30 PM Lettera 4,50 PM G.P.U.

Kog.

6,00 x

Lactate 6.00 P

Wednesday, 11th,

1.50 =

Kaisang

Tanan Ohip Shing

3.30 ==

.

5.LU PX

Beg.

5.00 PM

Tenyo Maru

8.30 a

$20.40 $20.40

$12

Raibow, Parhol sách tin phong

Kanchana

M

(now)... $61

$81

$86

Straits and Calcutta

Sui Bany

Pai cale Lettorm

Thursday, Lith, Letters

Thursday, 12th.

*8.30 = #

Noou 1.00 PM

527

Friday,

13th,

Do. (now),

8242

$80 $80/81

8301

Straits, Ceylon, India, Mauritios, East

$23

Macao do.

and South Africa and *South Rio de Janeiro Masu

9.30

$10 £17

Sandakan Lights

American Forts...

***

Telephones...meri

..$17/1

Swatur, Amoy saul Focchow

Haiyang

1.00 x

Kowloon P.U.

1.20

China Bases. VENOMELO

10

Tractions.........

18/6

Do. (pref.)......

Industrials

Straits, Ceylon, Inds, Mauritius, Fast sud South Africa, Aden, Egypt sad EUROPE via Marsellies-dzie Mary Beilles 14th July,

Reg.

*** 4.80

Fushimi Maru . < besttorn

4.30 ==

G.P.O,

Sleg

5.00 FM

Letters

6.00 PM

T.10 T11.25

Caldbeck, (ord.)

Canton Ices.*******

Manila

Pres. Johnson

$17.00 $171

Cements (comb.)... $17

Do

8171/1

$12}

(old)...

$124

$34

Do.

(now)...

Saturday, 14th,

Tuaxlay

17th, Kowloon 2.0

·1.00 #

5,00 F

88.65 $81

$8,50

827:

$29

Letter 1.00 F

G.P.O..

1.45 PM

$5

„Awatow, Amay ani Foochow

$281

2201 $1.90

#3.70

$28

$121

$13

Macgregor(pref.)

Ropes China Sugars Malabon Bugara United Asbestos

Miscellaneous

Dairy Farms Der A. Wing Amusemente Constructions. Lane Crawfords Mackintosha........ Nauyang Tobacco... Sinceres (old)......

(new)

$26.401

$29

$1.80

Japan

$3,60

118 119

811 ex div.

das dan Francisco, 10th July

$11.70 ex div.

$13

69% B. Ind. G.8 Bonds...

W9%

94%

prem

$1.85 Wm. Powells.

·H K. Goyt, Loan ... $1009

LOCAL AND REGULAR OUTWARD MAILS,

Canton

Latest Sales.

69

Masso & Teinakan

Tai Po

Shumchun

WEEK DAYS,

FROM G.P,O.

FROK SHEUNGWAN BRANCH PO

FROM G.P.O.

SUNDAYS & HOLIDAYS

FROM AKYUNGWAN BRANCH P.O.

(7.15 km. &| 7.30 a.. 16.00 p.m

17.00 p.m.

migon, #Straits, Ceylon, Indis, Mansilina,

East and Youth Africa, Adea, Į¦ Andra Ledon Egypt and EUROPE - Marsailles -due Marseilles, 19th July. ...

Manila

Mantia,

Bhanghai, Japan, Houelain, U.S.A..

Hai Ning... Empress of Aria. Prsa, Linseln

Aki Maru...

Canada, Central and Houth America, {} „Tatsuta Haru and EURUPE via Sua Franciaco

Manila, Australia and New Zealand (viaj

Thursday Islandi dus Thursday Ohangte

aland, ist July

| Shanghai and Japar

Mishima Maru

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

Africs, Adem, Egypt, and EUROPE vis|| Ranpurd Marae Marussitaa, 18th July"

Reg Letters

2.30 FX

8,30 PN 4.30 a

Wednesday, 18th,

Beg. 5.00 M Thursday, 19th, Lettere 8.30AME:

Thursday, 19th, Parels 6.00 PM,

Letters 10,80 A

| Live Zuth,9.46 A H

Friday,

20th,

6.30 A M

· Kowloon P.Q." Parcels 4.30 PM: Bax 21st, 9.00 A N Letters 10.00′′2 = G.P.O.

Par 20th, 5,00 7 1: ||Reg/21st, 9:45 AM, ||Letters 10.80 ▲ 'W

Monday, 23rd,

20.20.

Bag, en 5,00, gw |inoaday, 23th.

Letters 8.80

2735 am. & (7.30 mm; &.

5.00 p

7.00pm Bmadays Bandays

(5 pm only | 7.00 püsive

only

Shanghai...

Mamis, Australia Kád, New Zealand via Thomlay island-dud Thursday: Is- land, 7th July

(7.15 6.0, &} {7,80 mm,

8.15 ..

Curtis Wright Comgion.

30c. A None.

(7,15 a.m. &| 17,30 am, &

1.15 p.. Bändays Lonly

180 n.m Bundary B.ED 10. Lonly

Eastman Kodak

ев

Kongmoon (except Saturdays) 8.00.p... Kankong (except auto

€6,00.3.20 6.00 p

5,00 pm

6.00 p

6.00 p

Electric Bond and Share ...

BC

Erie Railroad

None.

12

Fatahan (By Tmnin)

7.15

General Motors

a

Tai 0

General Ry. Signal

7.16 9,00 9.00

Gold Dust

Goodyear Tire and Rubber

Granby Consolidated

Hudson Motors........

¿

International Cement

International Nickel ....

Nevada Consolidated Copper

Radio Corp

None

Sears Roebuck & Co.

2D

Simmons Co

Standard Oil Co. of New York.

1.60

Union Carbide and Carbon...

-2.60

U.S. Rubber

None.

United States Staaf;

Stanley

Aberdeon

Atau, Pingahan, Bantin

Shatin, Shata

Cheunghai

Balking

Namtau, hollt &

9.00 am

9.00. 8.00p.m.

i 9.00 am

18.00

p.m

(12.80 p.m.

& 4.30pm. Authetardags

4.30 p.m. 8.30

110a.m.

11.00 4.10. & 4.30 pum.

Haruna Marn

Tango Maru

"Buperscribed correspondance, anty.

10.30 am.

4.80 pan

Interested In Wireless?

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