1930-06-24 — Page 12

12

Money and Markets

2

GOSSIP FROM THE SHARE MARKET.

HOW THE MARKET FARED PRIOR TO JUNE

SETTLEMENT,

FREE ADVICE FOR INVESTORS.

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

HONG KONG ROPES changed hands at $9.25 to $9.40 during the week, and are still in request at $9.50.

77

DAIRY FARMS have buyers t 825.30 and sellers at 893.75.

The volume of business transact ed during the past week has been on a fairly small scale, in spite of the June Settlement, which falls

HONG KONG "AMUSEMENTS due to-day. As I surmised a good as easier, this being due perhaps many stocks have had to slide down, le

new competition, Although this being due to wholesale un-quoted at $23.30, sellers, I think,

will accept leas loading of shares by speculative peopic

Quite a large business was done in Trams, Providents and Hotela, at rates lower than in the previous week. The market improved slight- ly at the close on Saturday, but yesterday some more people cleared on of their speculative commit. ments, as I understand it has beca difficult to arrange for the "carry ing" of these shares,

3

It is a fallacy to suppose that, been une money is not tight in Hong Kong, one could wait till the last moment before arranging for shares to be carried. I under- stand that on Saturday over million dollars had to be paid out to three or four big speculators who had taken the opportunity afforded until recently of getting out of their holdings at fanes rates, and buyers of these shares had found it difficult to arrange for them to be carried: “

As far as good sound investments go, there is still a good demand for this class of stocks. Lands, Wharves, Ferries, and Electrics were all being inquired for last

west, quite apart from the require

meats of the Settlement.

I have neen asked more than. onee this week whether the present. is a good time to get into the share market. ja view of the 'slight depression. For the present. I de not advise anyone to buy, and if one must invest I think a delas of three or four weeks, until just before the July Settlement, might prove worth while.

By the way. I hear that the July Settlement is very much bigger than today's settlement, which ought to decide those who are maxious to come in at the ebb to wait a little longer.

HONG KONG BANKS, looked as they were coming down during the week, but came in for a fair

Jugairy at the close, Although

• small less changed bands at $1,490, the price touched $1,008 later, and I hear that as much as $1,510 was 3aid.

ช

+

UNIONS were sold in small par- cels during the week, between

5447.50 and $450 being paid.

*

WHARVES are in request at 311, but there are no sellers at this price.

CHINA PROVIDENTS are offer ed at $5.43, but buyers are not anxious to pay this figure, and I expect the stock will go down slightly.

HONG KONG LANDS changed hands at $84.25 to $95, and are firm at the latter figure, there being buyers in evidence.

*

EWOS: The Shanghai market is a bit better, and there is again a amall inquity for Ewos. Locally the shares are wanted at Tia. 13.30.

ANSWERS. TO CORRESPON. DENTS,

HONG KONG DAILY PRESS, TUESDAY, JUNE 24, 1930.

SILVER MARKET,

BROKERS CONSIDER

"

OUTLOOK OBSCURE,

LONDON, June 19. Silver prices were further mark. fed down to-day by 1 to 18d. 3/16 for cush and 10d. for forward delivery.

The weekly circular of Messra. Mocatta & Goldsmid says:-.

"The market has fuctuated con- siderably. On Saturday (June 7) there were reports of fresh. men- aures to be taken by the Chinese Government to regulate the import of silver into that country.

"This resulted in a temporary recovery, but the effect appears to have been short-lived, and "the un- dertone continues weak.

India and China both bought and sold, heavily and America figured occasionally as buyers, but they sold on balance.

Although the outlook is obscure, we cannot see that any feature is likely to raise the price from the present level."

RELIEF FOR LOW SILVER.

"SUPPORT HOME INDUSTRIES.”

Every

week in this column Kuran replies to correspondents

A Currenty Relief Discussion who may have questions to put re- garding the prospects of any stock Compittee to study the silver pro- quoted in Hong Kong, Shanghailem and devise relief measures has been organized under the personal or Singapore. Questions regarding care of President Hu Han Min of principles, practice, and custom can the Legistative Yuan and President also be dealt with.

Correspondents are asked to ad- Tai Chi Tao of the Examination dress their queries to Kufan," mittee include experts attached to

The members of the Com care of the Editor of this paper, the

Committee Դուք and to give their names and ad-

Statistics Department of the Legis dress. It is desirable that a nom de plume be also included, in orderative Yuan and other unofficial

experts. that readers can readily identify the answers intended for them.

Every effort will be made to give

Yuaa.

Economic

The Committee is expected to dis cuss the question with banking cir cles in Shanghai and other finan as full and detailed a reply aacial interests throughout the coun Possible, but no responsibility what ever is admitted by the writer in so doing..

try.

it is suggested that the local Chambers of Commerce should or- Those who have written for in- gunize Special Committees with the formation last week will find an-duty of premcting the consumption swers to their queries below:- of all kinds of native products. At J. M.-You are right, the words you the same

time, a Co-operative superfluous in Society for the Consumption of the contract. However, there is Native Products should be organis a whole moath in which to rectifyed for the convenience and beacft of the public. A statement on this subject says:

mention

"the error.

*

Feet

TINK-I consider the interest too high, and would advise you to meet meet the less and be done with

SLETOH.-No prospect of any im- provement by July! If the price should improve at all I think it will not be until September at lenst

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE.

SHAREBROKERS- ASSOCIATION.

Bugate Baliars ana

MONDAY, JUNE 23.

Buych Boilers |JBalas = [Vominai

Marcantile B

Do.

FOREIGN MAILS

..

RADIO NOTIQE.

Individuals and firms are recommanded to register their tal- graphic address at the Radio Office. No charge is made for this.

INWARD MAILS.

Banta

FROM

Pra

Dya

$1,610

H.K. Banks

2105

Do. (London)-- Chartered Banks....

--------- $1,500

BATAVIA

ba

Tjibadak 2.

24th June

***

£167

SHANGAI And Swarow

Scochow

25th Jane

"A

£19

DHANUBA and EUROPE v ŠIBENIA,

£12

$121

Bank of East Asia 9117

JAPAN and BHANGRAI

(London, in June)

...

Goblens

28th Jans

Makosaki Maru

27th Junù.

Insurances

London, 29th May)

KUSOPE FIS NEWAPATAx (Letters only,;

***

Seang Bon

28th Jane

USA, HONOLULU, APAN and SHANG-

il

$350

Canton InsurKICON....

$950

MAX (San Francisco, 3-th May)

$3

UnderwritersE

$2.75

JAPAN...

Prex, Fillmora Kanakera Hars

28th Juno

30th June

T.180

મા

.....

North China,propter

T160

LN.4., DOKOLULU, Japan and SHANG-

9430

Union InsuraĽCOS...

$150

560

Hat (San Franciscu, Sth June) JAPAN and namunal

...Pr. Madison

S0th June

Porthos

1st July

3-400

CANADA, U.S.A., Honolulu, Japan AED

$900

***

140

***

SHANGHAI (Vancouver, BC, 12th June1 Amp. of Canada...

2nd July

JAPAN AR DELIGHAT

***

Avstralja und Magika

Aarmala...

tailore

4th July

7th July

$24

T1.30 Tsi

$8:: B:

06/3

$39

៖ ៖ ៖ ៖ ៖ ធ្វើ!

TIT!!!!!

M.830 Yangtaze Insurances China Fires

$43

Y.K. Fires*****

Shipping

Douglases

Steamboats

Indoa (pref.)

Do. (def.) ......... Shall Transports...)

Water-boats............

Mining

Benquets...

35/9 Kailans T310 Langkate (comb.)

Do. (single)

Explorations......

Godowns, etc.

$100

096$

S24

125

$40 96/3

$101

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 pr before 2 a.m. registered and parcel mails are closed at & pan on the previous day.

T13.10

For

1.8

1.7

T1.30

21/

Tronch Mines

“Shanghai Loans ....

Raubs

T.C

Масло

211-

Docks, Wharves,

Java v Manila and Sourabays

zaigun ***

$172 $173 $51

$30

H.K. & K. Wharfs

$171

awalow, Amoy and Foochów,

Maulis, mustaba and New Zealand via

Thurminy Awaku—upe "Tuurvasy iar,

im, 7th July...

PER

DATE and TIMN

Fennia

Tuesday,

Huy.

94th, 7,30 & X

8.40 A

Tungo saru

Tjikarang

Tui Four Sing

... Hargany...

Laviors 9.30 a

930 K

5.45/1

Providents

$5.45

$5.45

Fort, kayard

***

H.K. Docks

AMDƒ

***

1133

Shanghai Docks ...

T.132

T8.30

T.285

睁眼

'destow aud Foochow

King Sto

Tuatiou Changshing

Straits, Ceylon, India, Mauritius, E. and

a. Alton, Egypt and RUKUPB vis}| Diomed....... Mazeckésume tecillo, och July J

shanghai, Japan, Canada, U.S.A,, Ü. and 6. America and *EURUFE via Van- couver, B.U.-dae Vancouver, B.U.,! 12th Joly, and "hurupe via Saberia...

Empress of Asia

Fenosa Yaishing ... Nam Bung Janton Tinall

27+

1,00 M

130

6.00. Kowloom P. 0.

Reg.

4.30

Letiers 4,3ur

G.P.U. Beg. 5.00 2 Let.,25th, 8:30 a 2 Parcels 5.00

Wednesday, 25th, Hey. 9.15 A Letters 10.00 & X

Wednesday, 25th,

·8.30

NOOD

Letters - 1.00 2 14

230 3.39 ea

J!

way

New Engineerings

Hongkowse-348)

Qotton Mills

Ewca S'hai. Ctons (old)...

Do. (new)...) T.10 Zoong Sings

Lands, Hotels and Building

T1330 13.30

1.86

***

T13.35

T13.45

...

TUES T.64

*

T.101

Macac

$12.10 $194

8851 T.385

H.K. & 3. Hotela

812.10 $19.95 $12.30

Swat

HK Lands....... $85

Shanghai Lands...

***

$9.90

H.K. Realtys.........

810

Straits and Caloutli Haiphong

+

$16.60 Humphreys $16

Amoy

308

414

According to statistics, foreiga imports into China have been in- creasing year after year. There: fore, the higher the exchange rate $20.30 of gd, the more disadvantageous it will be for our trade and the heavier. becomes our national in- debtedness. To eliminate such a serious drain, it would be necessary first to restore the balance of trade in our own favour which can only ZERO-I cannot advise you to

be brought about by the consump$17.60 hold on waiting for improve- tion, of more native goods and the menis. Better realise your hold-gradual replacement of foreign im- ing and gu in for local shares. ports."

**

S.AM-Good reports keep reach-

ing Hong Kong, of the activities of this Company's enterprise in the Straits. Better hold on.

RUBBER REPORT.

RESULT OF SLUMP IN

› SILVER." COLORADO MINE TO CLOSE.

(UNITED PRESA.)

Chinese Batates...

Public Utilition

$201

Tramways

Peak Trams (old).

Star Ferries

$23

Do. (new)...

Lights (old)...... Do. (new)...... HK. Electrica Macao do. Sundakan Lights ... Telophones.com

8174 China Buses Tractions,

Do. (pret)......

Industrial

Hohow, Patheind Haiphong *noshow, "Pakboi and "waipuong

$201.30

Bwatow :andakan

$271

81/801

ugr.

TH

Thursday,

Menado Maru

280 8.30

... Chengtu.

820

..

Autivine 24G S

insung in

Buichow...

Friday, 27th

9.30 N

: 1.30 AX

L

EUL

35.66 $834

***

$7.95 $231

$801

381

$10k

T.18

Wei Hai Wei vis Swatow and Foochow

watow, Amoy ani zoochow shanghai

Biraite, Ceylon, India, Mauritius, East aud

South Africa, Aden, Egypt - and › EUROPE via Marseilles-due Mar series, 27th July

***

10/

44

19/6

Manila...

T.

Caldbeck (orl

T:10

Macgregor (pret.)

$2

Canton Icea

$18t

***

Cements (comb.)... $18

$21 $18ijas

Do Do.

(old)... (new)

$124

$1

39.68

Ворен

Amoy

89.15

31

China Sugars 10

827

Malabon Sugars ...

$29

$5

Straits, East Africa via Mombasa nad

South Africa vin Laurence Marques

Swatow, Amoy and r'bochow

#straits, Layion, indin, klatcilánu,

XX,

Fast and dooth Africa, Adou, į | Porthos

Swatow, Amoy and Formoss

... Hozan Maru Japan, "Honolulu & *South American Ports Boxuyɔ Muru

5.00 M

'Sunday, 29th,

9.00 8:00 AM

Monday, 30th,

5:0 -JOLY Tuesday, lat,

10.3J AN LOUPK Koroloon P.U. Beg,100 N

Hai Ning

Chungkuly

Kowloon ..

Bog.

5.30 a

4.30

Hakozaki Maru z laukiara - 4,30 r *

0.0.0.

Bog Lectors

+6.00 Z 6.00 P❜ Saturday, 28th,

Pres. Filhaore

1

Bo Bang...

Kanskura Maru Hatching...

Egypt and EUROPE Maravillos -dua Marseilles, En 1 Ang. M

Denver, Colorado, June 17-The.. Governor of Colorado and mine Messrs. Pentreath & Co. havement that all the silver mines a officials joined to-day in announce Hornby, Hemelryk & n. dated operation because they are unable received the following report from Creede, Colorado, have ceased Liverpool, May 29:-

The market still continues in wages of employees at the prevail-

to make enough money to pay $95.80 moribund condition with no freshing prices of silver. outside interest. There is practical- ly no business passing apart from a little spot and afloat rubber. which is going to satisfy consumers' day requirements.

4.

$1

$28

CHINESE REMEDY FOR

$18

LOW SILVER.

LEGITIMATE TRADE.

for the

Shanghai, in identic communica- tions to the "Gold Bar" Exchange and the Chinese and Foreign Bank ers' Association, suggests that

HONG TONG HOTELS had rather a nasty set-back early last week, when shares changed hands af as low as $11.90. Towards the

Reports have been current during RESTRICT TRANSACTIONS TO close of the week they improved the past few days of meetings bo and after a number of shares had tween representives of British and bees taken off the market at $12.50. Dutch producers regarding further large parcels of settlement shares tapping restrictions, and it is sugtinual slump in silver, the Com- As a means of checking the con- were again offered and the price gested that output should be rode mittes.

Some sales were ed to 20 per cent. until the price of Commercial Organizations in again dropped.

Reorganization registered at 325, but there were reaches a figure which is at present plenty of sellers at the close at not disclosed, but nothing definite this Agure.

is known or is likely to be known for the time being.

Shipments from Malay during henceforth all transactions in gold the fret fortnight of this month exchange and the purchase of for- were larger than expected at 23,700 eign drafts be confined to those tons, as against 21,550 tons during engaged in the importing and ex- the first half of April.

The world stocks of rubber on manipulations

porting trade so 48 to prevent April 30 were estimated to total

by unscrupulous speculators. 440,000 tons (Malaya 85,000, Ceylon

The recent phenomenal slump in 5,000, Brazil 3,000, United Kingdom the price of silver," the communica 08,000, Hamburg 3,000, Amsterdamtion" states in part, is partly 2,000, U.S.A. 148,000, aflost for attributable to manipulation by U.S.A. £3,000, afloat for other coun speculators; and it has consequent tries 33,000.)

The market continues to drift, Bar Exchange should be tempor ly been anggested that the Gold and, for the moment, there seemsarily closed as an immediate re to be no feature susceptible to lift medial measure. In view of the it out of its despondency apart complexity of the question, it is not from the fact of low prices and of easy to arrive at a definite solu- the danger confronting shorts." tion. Since, however, transactions Stocks-London' 78,953 tans, for future delivery have usually a Liverpool 24,722 tons: a total in wholesome effect on equalizing the prices of commodities, it would seem that wholesale prohibition of dealinga in gold exchange is not

- HONG KONG REALTYS are being offered at 310.

Đ

HUMPHREYS ESTATES are re- quired in small lots. Shares were handled during the week at $18.50.

TRAMS HONG KONG handled in fairly large parcels et various rates between 819.80 and $20.20.

were

STAR FERRIES are, wanted, at 984 after sales were effected at this figure,

CHINA LIGHTS have huyers at $27.50 and sellers at 827.75. A fairly heavy business was done in this stack at various rates between 827.50 and $23.

crease of 205 tons

Close London last night:-Spot 6id, July/Sept. 7d, Oct/Dec. 7d Jan March 74d, Jan/Dec. 1913 d. necessary."

Our New York correspondents

It must, however, be admitted,

...

$13

་་་

F

pram. 91%

9%

เ

拉

$26.60

$28

Constructions. $1,90

31.90

***

United Asbestos

Miscellaneous

Dairy Farms««******

Der A Wings...earan

Amusements zamees

Lane Crawfords

Mackintoshs

Nanyang Tobacco...

$11.36 Sinceres (old) $1

Do

(new)......... Watsons.......mm

$9.85 W, Powella 65.

B. Ind. Q.8 Bonde... H.K. Gort. Loan ....

***

60% $100

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, (cuble address: "Swanstock," Shanghai), who are not responsibla for cable mutilations:-

Tope of Market-Easy.

No. of Shares done-2,500,000... Call Money-24 per coat

American Smelting Anaconda Copper Baltimore and Ohio Borg Warner ...... Continental Oil-

NEW YORK, June 20, 1830.

Last Dividend.

Latest

Sales.

57"

49

101 Mjesing

19

Eastman Kodak

80c. A Nona. $B

183

Electric Bond and Share

72

Eric Railroad........

None

80

General Motors

3

39

General By. Signal.. Gold Dust

City Service Common

Curtis Wright Common

Goodyear Tire and Rubber Granby Consolidated, Hudson Motors ............ International Cement International Nickel Montgomery Ward ........ Nevada Coated Coppe

-ELECTRICS-are-in-demand-at-cabled last night that sentiment in the communication continues, that 880. Sales were reported during still unfriendly. It is generally be reckless speculation is at least par- that 279.52 but uses ex dicked, however that ameller Lane onting & tale tienerbed in the cdguldpanda close without finding sellers.

CEMENTS. have improved to a huying rate of $18.95 Baler, took mince at rising-rates-from- $17.60 to

15.45.

interest and a moderate advance..

Close New York last night: Old Contract: - July ·14.000, September 14.30c

New Contract July 14.23c, September 14.520

Ltiallyizraappsible for the recent

therefore to confine dealings in. gold and exchange to importers and exporters would, while meeting the legitimate-demands of business-at- the same time, prevent manipula tions by unscrupulous specalators.”

Scars Roebuck & Co.

A

Simmons Co.....

3E

Etandard Oil Co. of New York ................ Union Carbide-and Carbon, U.S. Rubber United States Steal

1.80

Letters 1.00

Reg.

145.

3.30 Wednesday, 2nd,

Chakiang

Emp of Canada...

Swabow.**

Manila

Siraita, Ceylon, In lis, Maantios, E, and B..

Africa, Aden, Egypt and BUROFE ̧ vis ||| Karniala Mazolidine átmenetics, 3rd August!

*Superscribed correspondence only.

8.30 A M 1.8Q *

Friday, 4th, Kun luon P.0. Poola 4.30 FM Ko, 5th, 9.00 AN (Letters 10.00 a 14. GP.O.

Pac, 4th, 5.00 M Reg., 51, 9.45 M Lotura 10.30 ▲ E.

FACTS AND

For

FIGURES

the Busy Business-Man interested in Hong Kong and South China. The Weekly Press" (price 30 cents) will be

mailed for a year to any place

in the world for $15. Specimen