1930-07-08 — Page 12

12

Money

and Markets

GOSSIP FROM THE SHARE-MARKET.

· PROFIT-TAKING CONTINUES: MARKET DULL,

FREE ADVICE FOR INVESTORS.

Gosip often maves the market, but no investar should either buy, or sell on market gossip only.

Market dull with downward sums up the situation tendency"

in the share-market during the last week, and it looks very much as if this is going to be the situation for the rest of the month.

Profit-taking is proceeding on all sides, and those who missed the market during the months of nyl nad June, when rates were at their highest, are now, coming out when it is realised that no good purpose can be served by waiting say longer. The majority of those who are selling to-day have profits to show in spite of the slight decline in rate, and I am afraid this sell- ing on all sides will be continued until the July Settlement. is over. Consequently there is a poor pro- speet of improvement in rates this side of the July Settlement, which by the way will be far heavier than the June Settlement.

Some investors-not speculators --feel that there is good money in

Barks and Unions, and they can- sider present returas attractive.

is not This opinion, however; shared by all, in spite of the fact that both stocks are absolutely gilt-edged. From the returns offer- ing on some of the smaller-priced "stocks the rates ruling at present seem absurd, as in some cases the return-based on current quotation in comparison with the last divi- j dend-is about 1 or 9 per ceat. !

*

#

HONG KONG BANKS were week, with steady during the buyers offering 81,623 for shares. Small business was reported at this Agure.

this

UNION'S were sold during the past week at $445, and further

still offering at shares are igure.

CHINA UNDERWRITERS are steady, with buyers at 82.73.

•

*

+

*

KOWLOON WHARVES declined

HONG KONG DAILY PRESS, TUESDAY, JULY 8,

CANTON TRADE

NOTES.

Supplies of kerosene are plentiful

1930.

DAILY SHARE QUOTATIONS.

HONG KONG STOCK EXCHANGE.

but consumption is limited. Prices Buyers Sellers are moderate.

+

The

cotton yarn market is moderate, there being only some inquiries from merchants in the country districts along the West River. Quotations are steady.

*

*

The groundnut oil market is. slack, but demand for bean oil, tes-seed bit and wood-tar oil is for quotations healthy. Latest AMUSEMENTS appear to' "sagging," and shares, I undergroundnut oil are $23 per pical.

wood-tar oil 842.20. stand, were offering on the market bean oil 898, tea-seed oil 930,30 and at $20 without Ending bayers.

bg

EWOS-A fair business was done

*

*

Since the fall of the price of in Ewas early in the week at Tis.ilver, the importation of sitrar 9.30 to Tls. 12.73, but at the close bullion and silver coins has shown of the week the market was engy.

ANSWERS TO QUERIES,

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

a

increase. During considerable last month, 746,633 ounces of silver bullion, 480,000 silver dollars and 35-1,000 90-crt, silver coins imported into the city:

were

According to a Swatow reporti artificial fertilizer demand for there has been practically dead as a result of the boycott by the which has urged the farmors not Native Goods Promotion Society to use artificial fertilizer ou ac count of its "harmful results."

#

*

*

Correspondents are asked to fill up the coupon appearing elsewhere

address and

their queries to "Kufin," care of the Editor of

There has been an increase in this paper, and to give their names and address.

It is desirable that the export ef silk during the past silk exported during last month a. nam de plume be also included. months. The qualitity of raw in order that readers can readily totaled 6.583.piculs, and waste silk identify the answers intended for 2,797 pients, as compared with 5.548 them.

of waste silk during the same Every effort will be made to give. Piyuls of raw silk and 4.078 pieuls as full and detailed a reply as possible, but no responsibility what-period last "year. ever i admitted by the writer in

The match industry in the city so doing.

Those who have written for in-has revived consequent on the de- formation last week will and an- crease of imported matches from Sweden and Japan caused by the swers to their queries below:-

quantity of Swedish and Japanese exchange. It is reported that the matches imported has shown a de- crease of thirty per cent. Con- sequently demand for locally-mania- factured matches has become more are being brisk. More workers engaged" and several factories have now resumed months which suspended business some work

CHARLIE-I advise you to get in

touch with the directors, and see if they will buy your holdings. Teil them you are agreeable to pay the call it the shares are marketable. If necessary author, ise them to sell your holdings. Their reply will indicate to you exactly what the prospects of the If they will enter- company are. tain a purebase... part with your shares.

*

FOLLOWER - There are many people in the market who are in our position, that is to say, they have money on their hands with to find a good out being able stock to invest in. For the moment I cannot advise you to go in for any particular low-value stock, and on the whole my ad- vice is to wait a fortnight and The then write to me again. market ought to be weaker by that time.

I am glad my previous sugges- tions have proved profitable to you. Many thanks for the kind things you say.

*

*

+

to $170, and at this figure business PROFIT.-No-3 will not touch was concluded. Towards the close of the week there were inquiries for this stock.

CHINA

PROVIDENTS

were

dealt la at $5.30, and further shares could probably be placed at this figure.

+

HONG KONG HOTELS changed hands at $12 to $19.23 during the past week, closing with sellers at

$12.

HONG KONG LANDS" have sellers at $34. There appeared to be no demand towards the close of the week.

REALTIES are offering at $9.75 without finding buyers.

HUMPHREYS have buyers "at $16 and sellers at $16.50, but no business was recorded during the week:

+

TRAMWAYS were sold at 820.30, and further shares are offering at this figure.

STAR FERRIES were negotiated at $83.50, and further shares could probably be had at this rate.

#

*

CHINA LIGHTS have declined to a selling rate of 827.9%. I under- stand business was done between this figure sad $27.75 during the past week.

ELECTRICS have buyers at 878 and sellers at $70.

TELEPHONES were dona $29.25 and 822.80 cum call, and further shares are in the market at $22.25.

•

ago

NANKING AND THE BANKERS.

ARGUMENT FOR BANKING SUPPORT.

PRESENT DEPRESSION IN

CHINA.

Nanking, July. 1.-"Our mer- chants should not only "co-operate with the Government and the Party in the nation's economic re- construction, but should correct wrong notions and realize that the country and the people are one," declared Mr. hi Chi Tao, Pre-

$30. That is a dead certainty. No. 7 is no good; sell. Regardsident of the Examination Yuan, ing 1 and 4, there should be an Appreciable jump by September.

✔

*

*

C.B.T.K.I thank you for your

complimentary

references, and my advice is always available. Your letter this week, however,

at the weekly memorial service at Central Party Headquarters last werk. Our merchants should re- pose their trust in and render full support, to the National Govern- mint which administers the nation- al affairs, so that a strong Govern- ment may be built up to afford

is much too complicated and to adequate protection to commerce. ADawer it adequately. would in- valve too lengthy an explanation, and industry. Pressure of space does not per- mit me to deal fully with all the If you will questions you put. write again, setting down in clear question-form the information

you desire, I shall be happy to deal with them briefly by an affirmative or negative answer. You must not, however, expect me to know precisely what is going to happen next year.

A

1. Providents, GREENHORN

Underwriters. 2-Of the two stocks you mention in this para- graph, the first is better, as there is a distinct chance of apprecia- tion by September or October. 3. Figur and Quotations of Local and other, Stocks issued by Messrs. Ellis & Edgar; Exchange Building-price $1.

EXCHANGE RATES.

(BRITISH WIRELESS BEBVICE.)

Russy, July 6.

123.68 4.88 13/32 34.815

at

Paris New York Brussels Genera

25.06%

Amsterdam

Milan

12.011

92.85

Berlin

21.08

Stockholm

19.10

Copenhagen

18.16

Oslo

18.10

Vienna Prague

34.415 164

Helsingfors Madrid

1931 42.80

108.25 375 818.. 3 13/32

4 1/16...

CEMENTS seem to be the only. stock which has been able to with stand the steady decline in rates Business during the past week.

$19.35 and done between $19.50, and there are still a num ber of buyers about it. $19.40.

WLS

•

ROPES suffered a severe set. back during the week. After bust news was done at $11.30 the shares dropped to $10.75, and again to $10.20. Sellers were asking $10.30 on Saturday with buyers holding off for better terms.

*

DAIRY FARMS were done st $25.

Lisbon Athens "Bucharest

Rio Buenos Aires Bombay Shanghai Hong Kong Yokohama Silver (spot) Silver (forward)

"The present depression of tonde and commerce in the country was the chief cause for the prevailing monetary crisis," he said. "In other countries, the bank, constitut- ed the chief basis for the develop- ment of industry, but China had not yet reached such a stage: the Hence, industring here being the father of the banking business.

one

Mercantile Bks. "A"

$1,325

FOREIGN MAILS-

RADIO NOTICE.

Individuals and Arms are recommended to register their teles graphic address at the Radio,pfice. No charge is made for this.

Dox

SHAREBROKERS' ASSOCIATION.

Balen

Nomical

MONDAY. JULY 7.

Bayer

Salimen

Baie Nominal.

INWARD MAILS.

i

Banks

FROX

Pra

+4

$1,525 1,510/15

2106

H.5. Banks

Do. (London)

£16

Chartered Banke

Emp. of Canada...

8th

MANILA

Fixt *191

STRAITH

Grenser

8th

Dow

"C"

Bank of East Asia...

$117

BATAVIA

Tysondari

8th

SHARERA! and SWATOW

Sintiang

9th

APAN SHANGHAI

Terebuni faru **

11th

Insurances

London. 13th

June)

Bengal Karu

19th July

Canton Insurances,

3960

D.S.A. BONOLULU, JAPAN and SEAXOXL

$2.48 $2.63 T.180

Underwriters

$2.75

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

T160

CANADA,

(3.4

(San Francisco, 18th June),

Pres. Wilson

13th July,

JAPAN and SHANANALÍ

3450

Union Insurancos

$445

Vancouver, B.O. 26th June)...

Emp, of Biza

***

Yangtam Insurance

360

0.3.A., Honolulu, CANADA, JAPAN and

3400

China Fires

SHANGRA (San Francisco, 20th June

Pres. Jackson

14th

July

435

1980

H.K. Fires

$560

Austs and MANILA

Raga Maru Chenna

18th July

M

15th July

17th July

Bwpping

$24

Douglases

8244

+++

$24

442

Steamboats

Indos (pref.)

$43

97/6

Do. (def.).....

$40

Shall Transporta ...

୫୫୫

$32

Water-bosta ..................

831

!!!!!

T1.30

T.8

$23

T.266

11!!!!!

$960

HU

Bet

54/.

31/3

Kailan

T13.10

TW

T.9

Do (single). T1.30

Mining

Bonquets.

Langkats (comb.) .....

Explorations...........

Shanghai Loans ...

Raube ***********

Tronoh Minea

Docks, Wharves,

Godowns, etc.

11

Bumor via Nxaparin (Letters only,

JAPAN and SHANGHAI

JATAY and SHANGHA

JAPAN

+44

Montevideo Maru Moran

14th July

19th July

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are closed 15 minutes earlier than the time given below unless otherwise stated, sad where maila are advertised to lose at or before 9 am, registered and parcel mails are closed at § p.m. on the préviona day.

Fol

91/

Manila and Sourabaya

Fort Bayant

Swatow, Amoy ani Foochow

Shanghai

$173

85.40

H.K. & K. Wharfs .... Providents

3172

Saigon

85.30

$5.30

$30

H.K. Docka

$39 T.125

Straits, Ceylon, India, Mauritius, B. and

TH

T8,30

1.124 Shanghai Docks ...

1.7 New Engineerings

Hougkews ...............

Ootion Mu

Ewos

T.12

1.78

Shai Ctops (old)....

T.9

1+

Do. (LOW)...

Zoong Sings

Lands, Hotels and

Bulidings

HK&B. Hotal:

H.K Lands

Shanghai Lands .... H.K Realty's.........................] Chinese Estates

$18.60] Humphreys 808

83 8.

$12.05 $11.95

884

125

TH

#1!

:::

8. Africa, Egypt and EUROPE Vis Marcilles de Marseilles, 6th Aug.

T12:15 T25

Hoilov Pakhoi mui Hiphong Bwator

***

T.84

Amoy

...

1.107

Amoy

PKR

DATE and TIME

Tjibadak Tiripoosk

Has Ning.. Shantung Shun Thil

Tuesday,

ath, 10.30 AM 19.30

2.00 P

Kowloon

3,30 PM

9.30 PX

"P.O.

450 PM

Letters 4.30 ex

G.P.O. Bog 5:00 X Let, 9th, 8.30 a M Wednesday 20:42

9th,

8.80 M 10.30 AM

Hector

Lamchow Washing... Miroca...

Teinan

THE

Bhanghal, Japan, Canada, 1.B.A., C and

8. America and EUROPE vi Van- Emp of Canada Thursday, 10th, conver, B.C. de Vancouver, B.O.. 25th July, and *Europe via Siberia ..... /

Letter 10.00

Kscanglung

Rok.

8.30A

鲷

10.00 & X

10.00 A K Мосд 1.00 M 3.30 TX

11th

8.30 A X

1.00 x

13

5,00 PX

Parola 3.00 F

9.15 AM

312

Thursday, 10th.

$83k

Koibor, Pakhoi and Haiphong

Monado Maru

***

$3,80

Boibo

Isis

316

$164

*Japan

ap

Kutang Trinan

Parcel 1Lottora

***

Public Utilitimi

Friday,

$20.40

Tramways

$30,30

$12

Peak Trama (old).........

$1

"Foroloon F.O.

96

384

Star Ferries

Bog.

4.30

$271

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

Tirukuni Maru

Lettors

4.30 r

G.P.O,

$23

Do

$78

$79

Reg

5.00 P

$23

6,00 PM

Pres. Wilsons Ohép Shing

8301

T.18

·10/-

18/8

$19.40 $19.60

8131 351

མ་ཐ

Do. (new)... $8

(new)...... 23 ELK. Electrics ...............

Macao do.

Sandakan Lights...

Telephones.***

Do. (Fully Paid) China Bosea

Tractions

Do. (pref.)

mugugugi

Straits and Calcutta.. Amoy...**

Boihow, Pakioi and Haiphong Swatow, Amoy and Foochow

Straits, Ceylon, India, Mauritius, East and South Africa, Aden, Egypt and EUROPE via Marseillendus Mar- scilles, 8th August

Kanchor... Haishing...

LAT

827

STY

$22.40

Manila ***

8/9

Cementa (comb.)... $19.40 $18.00

Foochow Tia Swatow...

Swatow, Foochow and Wei-Hai-Wei Bangkok vis Swatow.... Swalow, Amoy and Formces

Kacichow... Kiangan Haan Maru

Lofters Saturday, 12th,

5.00 F 5.00 Px

Sunday, 13th,

9.00 A 9.00 M 9.00 A$

Mauritius,

East and South Africa, Adan, Egypt and EUROPE via Marscillos -due Marseille, 18th Aug. -

Industrials

T.11

Caldbeck, \(ord.).

140.

THIO

Macgregor (pref.),

Tossday, 15th,

Canton Ice prasivers

$2

$10.00 $10.30

51

Do Do. Ropes

(old).

(new)...

Byslow, Amoy and Foochow Saigon Ceylon,

Hoiyang ...

··1.00 PM

Kowloon P.0.

Jodía,

Bag

-1.00 PM

Chenonceaux...Lefter

1.00

$10.10 310.30

G.P.O.

China Sugarsama

Leg.

145

$27

Malabon Sugan ****

$29

Letters

Manila....

Manila ...

Emp. of Russia .... Pres. Jackson

2.80 K 3,80 P.N

4.30 TX

Wednesday, 18th,

$252

Bwatow...

Hangsang Kaga Maru

Гарас

***

**

81.80 $3.50

" 8.30 AY

9.30 A

Thursday, 17th, '

Straita, Ceylon, India, Mauritius, East]

and South and South Africa American Ports...

Montevideo Haru

$,00 1.

Friday, 19th,

Kowloos P. C.

$24.65 $24.90]

$1.

$261

118

tre

$124

...

proed.

$10

100

$1.90

United Asbestos

MiscellaneoTS

Dairy Farms... Der A. Wings........ Amusementă invesë Constructions ̧****** $3.55 Lane Crawfords ...

Mackintosha...... Nauyang Tobacco... $11.30 Sinceres (old).......

Do.

(new) Watsonia ********* $2.85 W, Powells 634

+

$12.50

TH

B. Ind. G. Bonds... B.K. Gort, Lon ...Chin. Entertainm'ts.

$109

LOCAL AND REGULAR OUTWARD MAILS.

should there be no outlet for the products of the country's agricul tural, industrial and commercial enterprises, where will the banking be " Banking circles business were, therefore, urged to assist in the development of the various kinds of industries on the hand, and co the other, support the nation's programme of econo- mic independence.

the military With reference to situation, Mr. Tai reported that satisfactory progress had been made by the Government forces, in the campaign against the rebels. traitors who attempted to obstruct the aims of the nation would sooner Canton or later be subjected. With every." thing proceeding favourably for the Government, Mr. Tai was optimis tic that peace would shortly be re- stored in the country. "We should, therefore, hasten our preparations for the carrying out of economic reconstruction so that steps may be taken immediately upon the ter- mination of the present warfare."

All

SILVER SLUMP AND A CORONATION.

ABYSSINIAN CEREMONY NOW POSTPONED.

Bicita, Ceylon, India, Mauritius, E. & Booth Africa, "Adoni. Egypt and EUROPE Marmvillesdae Mar

ediles, 15th August

WEEK DAYS.

FOR

FROM G.P.0.

FROM SHEUNGWAM BRANCH PO.

From G.P.O.

SUNDAYS & HOLIDAYS

FROM STIUNGWA BRANCH

Bandakan

P.O.

Macao & Tinsken

Kongmoon (except Saturdays) Kankong (except Saturdays), Fatahan. (By Train)

Tai Po

Skamchun

Cheangchow

Aberdson

Addis Ababa, June 3-Financial reasons are now given for the post Stanley Pingtan, Seatin, 1/6 13/18 ponement until January next of the Anten

Shatin, Shatankok and 1/5 13/18 coronation of Negns Talari as Em-

Shengshui 1/3

peror of Abyssinin, the heavy slump of silver having completely dis- Balkung... 2/0)

Namban, Bhekki & Taiping) 159/16, organised the country's currency

(Fumin) and finances. 181

(7.15 am.. A) 16,00p.m.

7,30 am. 7.00p.m.

(738 am. & (7.30.00. &

6.00 p

Sundays

7:00 pm Bondays

(pas only 7.00 pm:

***

Korea

*Superscribed correspondence only.

4.30

Parcels Beg., 19th,9.00

Lotters

10.004

G.P.O

PAY, 18th, 5.00 FM Beg19th 8.45 AM Letters 10.80 ▲

Sunday, 20th,

·9.00 A

Himang

Lonly BEFORE YOU

(7.15.2.& 17.30, &

Sundays 8.15 am. only 6.00 pm.

7.15 am, & 17,30 m 1.15 p.m.

1.15 p.

1.80 0.07

Sunday

1,30

p.m.

6.00 p.m.

6.00 pm.

6.00 pm.

7.15 a.m. 9.00a.m. (9.00 .. 18.00 p.m.

* 9:00 3.20.

13.00 p.m

[12.20 p.m.

&480 p.. Saturdayr

1.00 pam. di 4.30 pa 6.80

1,030 p..

·8.00 pm

4.30 p.m.

7,00 P

7.15

8. 9.00 am 9,00 20

11.0am.

(11.00 {& 4.30 pm

8.30 0.

*1.00 p.m.

· 10.20 0.25

4.30 pro

8,30 a.. Lonly

0.00 2.00

6.00, pani

700

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