1930-07-22 — Page 12

12

Money and Markets

GOSSIP FROM THE SHARE-MARKET.

MARKET QUOTATIONS STEADILY WEAKENING.

FREE ADVICE FOR INVESTORS.

Gossip often moves the market, but invester should either bug ut scit un market gossip only,

"The turnover in the share-market during the past week has been very big, our rates in practically nil stocks showed no improvement, as there were as many sellers in the market as buyers. In fact, settle- encountered shares were everywhere and it is evident that most of those who are selling for July Settlement are getting rid of over-purchased shares, most which show a profit.

meat

of

During the week, China Provi- dents were the subject of much inquiry, and the market quotation firmed somewhat as a result, but all inquiries were promptly mat and there was noticeable easing- off towards the end of the week.

The July Settlement, which falls due on Tuesday next, is undoubted ly the heaviest settlement since So far there has been no 1323. cause for alarm, and although the recent drop in prices in several stocks might hit one or two of the "smaller investors, there is no reason to fear that the settlement will not go through satisfactorily.

The general opinion prevailing in the market is that there is little likelihord of rates improving be fore September, and from present indication it would seem there is ample justification for holding this

1

TELEPHONES appear to be on the turn, "as there are sellers at $1.23 and buyers are holding.coff.

*

CEMENTS: There are buyers in the market at $18.75. During the past week business was done be tween $18.70 and 810.

HONG KONG ROPES are steady at $10.80 buyers.

at

this

DAIRY FARMS were deal in at $23. There are sellers. figure.

HONG KONG" AMUSEMENTS have been offering for quite a while

$93, but buyers are scarce.

*

*

EWOS-Early in the week a fair business was done at Tla. 11.50 to Tis. 11.73, but at the close they sagged to Tls. 10.90 to Tla. 10.85, at which price some shares changed banda. "The drop, as stated else where, is undoubtedly due to the temporary suspension of work.

REPLIES TO READERS.

+2

HONG KONG DAILY PRESS, TUESDAY, JULY 22, 1930.

CANTON TRADE - NOTES.

The four market is inactive due to lack of buyers and prices are low in spite of the shortage of stocks.

*

During the month of June, some 72,700 rolls of foreign pièce goods were imported, showing a decrease of 8,431 rally over the corresponding period last year.

Locally-made matches have found a better market in the districts along the West River, consequent on the rise of the prices of Swedish and Japanese matches.

The cotton yarn market has be come steady during the past ten days and there have been enquiries from merchants in the West River districts. Quotations are variable.

*

*

*

There has been less deniaad for foreign paper on account of the high prices caused by the exchange, and consequently there has been a proportionate increase in the de- mand for Chinese paper.

*

Gold-smiths are the worst sufferers in consequence of the unusually high exchange rate of gold. They bave practically no customers and on account of dull business, they have had to reduce the number of their employees. Several shops have closed down.

As the result of the fighting in Kwangsi, trade conditions in Nan- this Every week in

ning, the provincial capital of column

Kwangsi, have become exceedingly "Kufan

replies to correspondents who may have questions to put read. Nanning is still held by the garding the prospects of any stock wangsi insurgents who are said quoted in Hong Kong, Shanghai tu have "squeezed" over 600,000 from the merchants. Numerous or Singapore. Questions regarding principles; practice, and custom can shops have gone bankrupt." The news of the temporary clos-also be dealt with. ing-down of the Ewo Cotton Mills in Shanghai has had the effect of causing the quotation on Ewos to fali off, there being practically no buvers in the local market.

view,

HONG KONG BANKS-Large lots of Barks, I hear, were taken off the market at $1,800 and a few small lots at 81,510 to 81,515.

*

·

*

CHINA UNDERWRITERS were dealt in at $2,70,. and are still in demand at this figure...

UNIONS have been the medium. of a fairly large business at rates between $440 to $443"

*

Sales STEAMBOATS are easy. were negotiated at 822, and there appear to be further sellers in the market.

HONG KONG & KOWLOON WHARVES have been on the weak side during the period under re- view. They were sold at as low as $169.70, and at the close of the week there were sellers at $109.50.

.*

CHINA PROVIDENTS started off well early in the week with a number of inquiries, and a fair business was done between $5.20 and $3.60. Shares were offering fairly freely however at the end of the week at $3.55.

*

HONG KONG DOCKS have been quoted at $38 sellers for a. long time. I understand, however, that actually there are sellers at below this figure, and that probably $35 or 236 would lead to business, but at the moment nobody aeems to be interested.

HONG KONG HOTELS were dealt in at $11.50, but faished up on Saturday with sellers from all sides.

HONG KONG LANDS-A large business was done in this stock between $84 and $86, and the mar ket closed with inquiries round Further activity is about $85. anticipated, as the demand con-

Correspondents are asked to fil up the coupon appearing elsewhere

address their queries and

to "Kufan," care of the Editor of this paper, and to give their names and address. It is desirable that a nom de plume be also included, in order that readers can readily identify the answers intended for them

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.

Manufacturers of ponges, and crêpe in the West River districts" have been doing very badly on ae count of the competition from. artificial silk piece goods. In Fat than only a few factories are in existence and it is understood that they are deing only one tenth of the business as compared with

former years.

The production of "tobacco leaf in Nambung district this year has decreased by about 30 per cent. on Recount of unfavourable wear ther conditions and growers.com- an-plain of heavy losses. Nambung is the largest tobacco producing ares of South China, the quality of tobacco leaf produced there being unusually fine.

Those who have writter for in- formation last week will find swers to their queries, below: CAP-Regarding question No. 1, my answer to the first half is, No. Hegarding the second half, my answer is Yes. Question No. 2 is difficult to answer, but I am inclined to think there is no chance of the stock seeing this figure again before the end of this year, if evert No. 3 will not come down, as they are being beld by strong holders.

to

JAPAN SUGAR.

JOINT SALES SYSTEM FORMED.

FOLLOWER-The present is far from being a good time to come into the market." Regarding stock An agreement for the joint sales No. 1, this company is really not system as to centrifugal sugar made worth par, so I cannot recom- among the six biggest sugar manu- mend you to buy their shares. facturers, namely the Tawan, the Regarding No. 2, this has been | Meiji, the, Dai Nippon, the En- raised

the

present level suiko, the Teikoku, and the Niitaka. through sheer speculation, and Sugar Manufacturing Comparieg the same remark applies to No. was signed on July 8 and was put 3. The opinion of those with-in-into force the following day. timate knowledge of affairs in the

According to the agreement, the Hong Kong share-market is that Mitsui Bussan Kaisha, the Meiji quotations are rather top-heavs: Shoten, the business section of the Better wait a little longer, but in Dai Nippon Sugar Company, and any case do not invest in the the Abeko Shoten, which have stocks you have mentioned, an athitherto been selling the goods best you will be tying up your manufactured by the concerns re- money to no purpose.

SAIGON RICE.

MARKET REPORT.

lated to them, will hereafter handle the goods produced by any of the six companies in the agreement at the same ratio.

The agreement requires these four agents to fix the lowest selling prices occasionally, and also to make an official, report on the The Société Indo-Chinoise de volume of their sales at the proper Commerce, under date July 13, time. repork as follows:-

The "total volume of the centri- Market has been dull with abso-fugal sugar to be marketed during HONG KONG REALTIES Save lutely no business, no enquiry, no July and August is decided as sellers at $0.95.

demand.

800,000 picula.

tiaues.

*

·HUMPHREYS are weakening During the week on $15.2 were offered for shares, but sellers are bolding off for a higher figura.

*

HONG KONG TRAMS A small "business" was done at $20.15 to 20.20. At the close of the week there were buyers in the market at $20.10 and sellers at $20.20.

*

STAR FERRIES took a sudden jump during the week to $88/ but this rate attracted so many sellers that the market sagged to 297 and

little later to 8807

Only very small lots for immedi ate shipment have been shipped to France, taking advantage of the very low rate of freight offered to fill up steamers in harbour.

Prices went down slowly, but daily.

It seems that if the lack of de- mand continues it will break the resistance of the paddy detentors and we will see better prices, but as at the present limits the loss by them is already. sustained heavy, we fear that as soon as there will be any enquiry the market will jump again largely and suddenly.

Market closes steady at the fol lowing quotations:-

EXCHANGE RATES.

fBRITISH WIRELESS SERVICE]

Paris New York Brussels Genera

RUGBY, July 21.

DAILY SHARE QUOTATIONS

HONG KONG STOCK --

EXCHANGE.

SHAREBROKERS! ASSOCIATION.

Suya

Salar

BALONsical

MONDAY, JULY 21.

Buyer Baum

Sales Nominal

1411

H

Bankı

H.F. Banks

FOREIGN MAILS

RADIO NOTICE.

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

INWARD MAILS.

FROM

PEL

Aki Muru.. Tilawa

SHANGHAI and SWATOW

Humora via Naparatam (Letters only,

Mirzapora... Suryang... Tiskarung...

Fan Houte

31,515

31,515

$1,513

£1001

$17

Do. (London) Chartered Bunks"...

JAPAN STRAITS

#bn

Shanghai t

5231

Mercantile His. "A"

ERY

Do.

2127

*191

Bank of East Asia...

BATATIA.

9115

STRAITS

Insurances

- London, 28th June)

Sarpedon...

EUROPE via NEGAPATAM (Papers

only

Canton Insurances.. $910 Underwriters

London 96th June)

Sui Sang...

T160

$410

(San Francisco, 17th June). STLITS

Fres, Van Buren.

***

M. Atauta Mars

5.

U.S.A., Horoculo, Japan and Bmixɑ-|

8940

Tam

32.55

1.160

$435,

3415

3400 8910

-}

T1.30 76

***

North Chinas.........

Union InsuraNCES <««

M360 Yangtze Insurance. China Fires

$43

CH

98/3

$32

#2}

H.K. Fires

Shipping

Douglases

Steamboats ******** Indos (pre)

Do (def.)

Shell Transports Water-boata

Kining

Benquets,.

31/10 Kailans...

THI

Langkats (comb.)

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

Rsubs

NEKDAN

Tronch Minesian

82.70

TONS

$950.

11:11

DIMEN

11114!

THIGH

!!!!!

T.6

$344

$32

$43

810

98/3

851

$24

U.S.A., HONOLULU, JAPAN and SHANGHAI

Yokohama Matem Tanda

Dus

Hat (San Francisco, 4th July)... "...] 'Pres. McKinlay ..... Japan and SHANGHAI Australia and Manila,

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are closed 15' minutes earlier than the time given below unless otherwise stated, and where maila are advertised to close at or before 2 a.m. registered and parcel mails are closed as a p.m. on "the previous day. "

PKH

DATE and TR

Cnesday, 22nd,

8.30, A.

.-9.45 AM

Letters 10.30 AN

Parcels Noon

Letters "1.00

LCO = =

10.00 AM

Fox

04/-

T13.10

Shanghai

Menelasta..

T1.30

Mania, Australia and New Zealand ris Thursday Island das Thursday Island, 2nd Aug.

Beg.

Java via Manila and Sourabaya.

Taiping

Tisondari

21/

Ualentia via Straita

Ho Sang

Swatow, Amoy and Foochow...

Haiching

Godowns, ato.

Kowloon P.0.

H.K. & K. Wharfa........

8163

Straits, Ceylon, India, Mauritius, E., anl

Beg. 1.00

#les $170.

Letters

1.00 m

Providents....

$5.55 35.70

1,124

T.260

$5.50 86.60

G.P.O

$39

H.K. Docks

$37

Shanghai Docks

T.194

17.15

**

Docks, WharveS, -

New Engineering

Hongkews

Lands, Hotels and

Buildings

ILK. & S. Hotels

Straits

་་

...Taipock

1.30

Lysamoop

5,30 =

Beg

415 PM

Aki Maru

Letters

5.00 IM

Tilasra Michael Jabeen

5.00 x

5.00 M

Emp, of Burma

8. Africa, Egypt and EUROPE Tia || Achilles Marseilles des Marseilles, 22nd Aug,J

Fort Bayard

Manila, Australia and New Zealand via

Thursday Island-due Thursday Is land, 5th Ang, ..........

144

Van

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

S. Amerios and *EUROPE TIL couver, B.O.-due Vanocurer, B.C, 9th Aug., and Europe via Siberia'........

Bwatow Straits Haiphong

Kwangsang

Mirzapora Canton

Reg.

1.43 M

LLetters 2.30 = x.

Amoy

11.15/30

Haihow and Bangkok...

384

$11

H.K. Lands

$831 854

T.186 Shanghai Lands....

·H.K. Healtys .........!

$9.30

***

19.30 8103

Humphreys

$15.

8162.

er div.. $93

Chinese Estates

Ewos

www

***

#12

T10.00

820

390.20

$86

#11

Cotton Mills

1.78 Shai. Ctons (ald)...

Do. Zoong Singa

$261 264 26.607.85

$32 9781 8781

1,9

****

T.85 7.84

Amby

Raban!

T10

T10.00

(DAW)...

Public Utilitie

Tramways

| $20.10

$20,13

Peak Trams (old)..... $12

Hoibow

Do (new). JU

Star Ferries

895

$26.60

$214

Do.

(new).21.60

823

Macdo do.

$11

Sandakan Lights

$32

T.18

Lights (old).... $26,60

H.K. Electrica .............. $791

Telephones (tally pd.)

Do.

(part pd.)

China Buses ..seter

Do. (pref)......

Tractions

THERMIST

Helhow, Pakhoi nad Em phong *Hoihew,

*Pakhoi ad "Hsipkong.

Wei Hai Wai via Swatow and Foochow Swatow, Amoy and Foochow Shanghai

Straits, Ceylon, India, Mauritius, E, and 8.) Africa, Aden, Egypt and EUROPE VIS Marieilles de Marseilles, 24th, Ang.....]

Szit

.8/9

Amoy Manis

Amoy

"Cements (comb.)... 318.75 $18.90 18.80.85

Do (old)... $13 $13

Do. :. (now)...)

China Sugars

Malabon Sugaża ....

**

PRED PR

Bwatow, Amor and Formosa

Bangkok via Swatow

Japan, Honolulu San Francisco godi

*South American Forks "

819

Straits and Calcutta

18/6

Industrials

T.10

Cadbeck, ((ard)

P10.40

Macgregor] (pref.)

Canton Ices NDEREST

$2.25

**

$18.90

$131

$10.85 $11

Ropa --- $10.80

$27

સ

United Asbestos

Miscellaneous

$25

Dairy Farms

------| $24.75

$1

Dər A. Winglese...ce

$261

·Amusements

$24

$10

Chin. Entertainm'ts.

$1.90

Constructions

$1.90

$3

Lane Crawfords

$3.90

$18

Mackintosh einenza

Nanyang Tobacco...

Bwatow, Angy and Foochow

Manika

$11.3

Sinceres (old) 911

***

$12

$2.86

Do. (new) siti

Watsons 30+CODIA

Wm. Powells examinans. B. Ind. G. Bonda..... 8.E. Gert, Loans (14)

64%

$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 Messra Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address: Swanstock," Shanghai), who are not responsiblo for cable mutilations :-ms, A Tons of Market--Easy. No. of Shares' done--750,000. Call Money-2 per cent.

American Smelting

Anaconda Copper ... Baltimore and Ohio:

-New-Yox, July 19, 1930,

Last Dividend.

Latest Bales.

3.50

50

123.59

4.86

Borg Warner

34.60

Continental OU

25.03.

City Service Common

Amsterdam

12.081

Curtis Wright Common

Milaa Berlin

92.87.

Eastman Kodak

Noqa 30c None 8B

209

*20.37

Electric Bond and Share

80

Stockholm

18.09

Erie Railroad 2.

None.

Missing

Copenhagen

18.10

General Motors

45

Oslo,

118

General By Signal

Vientia

34.49

Gold Dust

Prague Helsingfors Madrid

181

Goodyear Tire and Rubber

193

Granby Consolidated

Lisbon

Atheas

41.95 1091 375

International Cement

Cast: Div.

International Nickel

CHINA LIGHTS appear to have No. 1 Long 25 per cent, and No. drawn more attention than azy-Round 23 per cent.-118 francs other stock last week, and a very per 100ks 7.42 guilders per Java big turnover took place in both pikol 0.04 yen per picul; 10/3} cash and forward shares. A fairly shillings per cwt large number of cash shares were dealt in at various rates between francs per 100ka; 7.17 guilders per MENDID and several target Tura pikely & Ayo peropical garbarent parcels were sold at between 127 9/33babilimento

to $27.50 for Septemberbe Sa

HONG KONG ELECTRICS were dealt in at 878.50 to $78.75, the buying rate at the close being $79.50, with sellers asking a little over this rate:

No.: 2 Japan 40 percent.114

Brokens Nos. 1 and 2-112 francs per 100ks; 6.90 guilders per Java pikol; 5.62 yen pen picul; 8/7

billings per cwt.

FO.B. Saigon. Shipment July August.

Paddy, Nothing fresh to report.

Montgomery Ward

KONTAKK Semboliarted-

Radia Common Sears Hoebuck & Co.

Bin

Buenos Aires Bombay

None 21

1/5 25/32

"Simmons Co

3

Shanghai Hong Kong Yokohama

Standard Oil of N.J.

Missing.

1/3

Standard Oil Co. of New

£.00

Bilver (spot).

2/0-11/32 137

Union Carbide and Car

12.60

U8. Rubber

None:

Silver (forward)

United States Stanl

Shanghai and Japan

Saigon, Ceylon, India, - Mauritius, East and South - África, Adam, Egypt and EUROPE vis Marseilles

due Marnailing, 30th Aug.........

Swstow Amoy

Shanghai, Japan, Honolulu, UAA

Canada, Central and South America, and *EUROPE vis Ban: Francisco- dus San Francisco, 91st Aug, and "EUROPE via Siberia

Sandakan

Straita, Caylon, India, Maurition, Esst and South Africa, Aden, Egypt and „EUROPE-vis: Marseillessadna -Mar-

seilles, 80th Auguit,

ARE AMARA

Parcela 5.00 Wednesday, 23rd,

9.15 Letters 10.00 4M

Bag.

Wednesday, 23rd,

$30 &

2.20 P N

2,20 z M

5.00 +

3.00 PM

Tanas Bremerhaven

Thursday, 24th,

Menado Maru Chengtu Kweiyang...

8:30 A

-

8.80 A

10,80

Friday,

25th,

Huichow Haigang Tran

10.30. Á M

1.00 PM

Hakusan Maru

8:30 PM Kowloon P.O.

Reg. "4.80 M Lottom 4.80.p

G.P.Q.

Reg.

5.00 2 M Letters 8.00 P

5.00 ... 5,00 z

Saturday, 26th,

Bus Sang

Fr. Van Buren...

Sunday, 27th,

Anhui ***Hozan Mar Kwangshow

8.30 ▲ K 9.00 AM

9.00 a 1

Monday, 28th,

Bakuya Marn

Yusneang

Alula Maru

Athos II

Bog

Bas Ning...

Pres. McKinley

Foo Sking

Taiyuan ...

Chichibu Maru'

Kalyan

10:30 AM Parcela Noou Letters 1.00

Tuesday, 29:h.

10.30 AX Kowloon P.0.

Bog

100 r

Letters 1.00 P

G.P.O

145 PM

Letters 2.20 m

2.00 PM

4.30 x

Wednesday, 20th,

8.40 A

5.00 P K

Beg *5,00 Thursday, 31st,

| Getters 8.30 1.10

Thursday, 31st,

|_*AUGUST— Friday 1st, Koroloon P. Of Parcels 4.80 YM Beg, and,9.00 AM Letters 10.00%

Par, Ist.. 5.00 = %: Bog, 2nd, 945 AM

Letter 10.80 ▲ ■*

Superscribed correspondence only.

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