1930-07-29 — Page 12

12

Money

and Markets

GOSSIP FROM THE SHARE-MARKET.

PRICES DROPPING STEADILY PRIOR TO JULY SETTLEMENT,

FREE ADVICE FOR INVESTORS.

[BY KUFAN.”]

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

A steady fall in prices in most stocks characterised business on the Rialto for the week under re- view. The market has been quite active, but prices continue to drop. Forward business has been record ed on a large scale.

The July settlement, though a heavy one, is not expected to create so since any difficulty, "the more there has been a steady drop in prices for the past few weeks.. The fall has been both slow and gradual," with the result that no one is seri- ously caught,

The concensus of opinion is that there is little hope of any im provement in the market until the A September settlement is over. "few isolated rises will be undoubt. edly registered, but this can be put down without hesitation to mani- pulations of speculators rather than to any legitimate cause.

Money is still plentiful, but reak less buying appears to have stopped or the time being. The steadier tone which now prevails is much more, healthy than the rapid rises reported in recent months,

*

HONG KONG BANKS There were a few small buyers of Bank shares at $1,515, but so far as can be ascertained little or no business was done in these shares during the week.

UNION INSURANCES were handled in small parcels at 8433 to $440. At these figures there are

number of sellers in the market.

*

CHINA UNDERWRITERS are wanted at $2.70, but there are no shares offering in the market and buyers will have to come up.in their ideas.

•

CANTON INSURANCES, CHINA FIRES and HONG KONG FIRES are all inquired for at market rates.

+

DOUGLASES appear to be s little stronger at the moment, and there are buyers in the. market. at

$93. No business, it would appear, has been recorded.

STEAMBOATS-After their drop the previous week these shares re- covered somewhat, and there were buyers asking for shares at $23.60.

+

STAR FERRIES are wanted at $66 and even at this price are hard to get.

HONG KONG & KOWLOON WHARVES These shares appear to be on the easy side, with shares offering at $168. During the rast week sales were recorded at this Tate, and I think a little lower figure might be seen this week.

+

HONG KONG & WHAMPOA DOCKS improved to a buying rate of 830 during the week, and one. or two small parcels changed hands at this figure.

HONG KONG & SHANGHAI HOTELS are on the easy side, with sellers at $11.95. Quite a large number of shares were sold at rates varying between $11 and 311.20 during the period under review,

*

HONG KONG LANDS are also weaker, with sellers at 884. The "new issue for the moment is not attracting buyers into this stock, as they are only offering $53.75 against sellers' ideas of $84.

HUMPHREYS have buyers at $15.35, but sellers are holding out for $15.50. I feel that sellers will have-to-coms dowa,

+

HONG KONG TRAMS remained fixed more or less between $20.10 and $20.00. There were buyers at the former figure during Friday and Saturday.

DAIRY FARMS are a shade easier and sales were recorded" at at this figure there are $93.93; further buyers.

HONG KONG ROPES closed firm with sales during the week at $11.95. At the close of business" or Saturday buyers were offering as much as $11.10, but the shares are scarce.

HONG KONG AMUSEMENTS improved slightly, closing with buyers at $95.

EWOS closed easy with sellers at is. 11.30, although with the news of the re-opening of the mills in Shanghai a few buyers appeared in

HONG KONG DAILY PRESS, TUESDAY, JULY 29, 1930.

HONG KONG TRADE. DAILY SHARE QUOTATIONS

PIECE-GOODS SHOW SMALL

ACTIVITY.

The fortnightly report issued by the Hong Kong General Chamber of Commerce states

Cotton Place Goods.

12

The following reports have been received: Since last reporting the market has shown more activity and considerable sales of Shadow Stripe. Poplins have been made for ship. ment, November onwards. Silver prices accepted have been on a very low basis, and, in some instances, indicato, assistance from exchange rates well above those ruling to-day. In addition to above, dealers have given attention to White Mattings and Coloured Stripe Poplins, and fair lines are mentioned. Prices reported in these instances have also been on a-relatively low basis.

some

Cotton values show little change. Latest quotations to hand are those of the 24th inst.' Mid. Am.

Spot

591 Eg. Sakel, 12.45d."

Another report atates:-There has been decidedly more activity since the last report and some important

business has been settled in Shadow' Stripe Poplina, Cotton Mattings and Spring Fancies for end of the year shipment. The price-levels an certain lines seem to point to the utilisation of favourable exchange, but other lines have been settled at current rates. Manchester prices local buyers at Tla. 11.25, but littlears a little easier and manufactur- business has been reported.

the market. I hear that there are

REPLIES TO READERS.

Every week in this columa Kufaq" 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 custom can also be dealt with.

Correspondents are asked to fill up the coupon appearing elsewhere address their queries to and "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

ers are accepting business at a sacrifice in order to prevent closing down. Clearances of cotton cargo have been on a smaller acale and the local market for White Shirtings is dull.

Woolians.

Enquiries have been made for Scarlet Blanketa but replacing costs are still too far above local prices to permit new business. The offtake of various Inta of woollen (for the most part considerably overdue) is a satisfactory feature and stocks on hand are gradually being reduced.

CANTON TRADE NOTES.

HONG KONG STOCK

EXCHANGE.

SHAREBROKERS” ASSOCIATION.

Bayork

'duties

Baton Nominal

Nominal

MONDAY, JULY 28.

Bayare Sellers

Sales Nomlosi

Banks

E.K. Banks

********* $1,515

Da Londoni và Chartered Banks... Mercantile Bis. "A"

Do.

$1,515

144

£105) £17

#191

Bank of East Asia...!

212!

$115

Basurazicon

Canton Insurance.... $910

$4.65

$2.70

1.160 $£33

$430

1

$400 9935

$945

Underwriters

North Chinas...-----

Union Insurances..........

M30 Yangtare Insurance

China Fires...

9-1/4

HA, Fires..

Shipping

Douglases

Steamboats

Indos (pret)

Dode)

Shell Transports .... Water-boats .....................

Mining

825

543

$10

21.30

2.61

***

325

⠀⠀

******

ܕ ܃ ܃ ܃ ܃ ܃

FOREIGN

MAILS

RADIO NOTICE.

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

U.S.A., HONOLULU, JAPAN and SEAC) Pr. Heiniry {***

Rar (San Francisco, 4th July)............ - Jaram and SHANGHAI," "... BAIGON

INWARD MAILS."

FROM

PER

JShip due 28th, 9p.m.

29th

July

1. Yokohama Maru.

29th July

... Angers

29th July

10%

JAPAN, SHANGHAI and (EUROPE S18IBIA London, 10th July) ..

via

SHANGHAI and Swarom

Athos 11 in. ...Ninkany

29th July

30th July

Axor and SWATOW WA

Van Heuina

30th July

JAPAN****

30th July

T160

91st July

$430

$60

Siat July

$400

UN.A., CANADA, Jafar and ShangBAI

(Seattle, 18th July)

But w

Pres. Jeferson

1st Aug.

JAVA VÍK HOURABAYA JAKAR

G. Diederichaam

2nd Aug.

Melbourne Maru...

8th Aug

7th Ang.

Pres. Garfield

10th Aug.

ING

Empress of Asia......

11th Ang.

Pres. Grant Tanda

11th Aug.

11th Aug.

93/3

3-4/-

CALCUTTA and Szmalta

EUROPE via Soaz (Letters and papers,

London, 3rd July, and parcala, RIS Junė)

Nellora

Talamba

Kashmir

USA, HONOLULU, Japan aid SHANG-1

1151 (San Francisco, 19th July) 0.8.A, HONOLULU, Japan and Shing-

HAI (San Francisco, '11th July) CANADA, U.B. &., JAPAN and NHANGHAI

-(Vancouver, B‚0., 24th July) ......... U.S.A., HONOLULU, JAPAN and SHANGHAI

(San Francisco, 19th July) Abstracta and Mamula

Shinyo Maru

OUTWARD MAILS.

REGISTERED and PARCEL MAILS are closed. 15 minutes earlier than the time given below unless otherwise stated, sad where mails are advertiend to close at or before 9 am registered and parcel-mails are closed at 1p.m- op the 'previous day..

$21

Banquets...

31,3

Kailana

Langkate (comb.)

F13.00

(TB) | - Do. (single) ...

$7.40

Explorations...

Shanghai Loans ...

TI

TB

Raubs

Tronoh Mines

91/

Docks, WharveS,

$168

168/

HK & K Wharfa...

$168

$1.35

*$5,10

Providenta

$3.35

H.K. Docks

*39

13.

T.124

Shanghai Docks

T.123

Java via Batavia

T.7

17.35

T.260

Godowns, etc.

New Engineerings

Hongkas....

Lands, Hotels, and

Ewos

Do.

****** $15.25] $16)

***

For

| Shangbai and Japan

Fort Bayard, Hoihow, Pakhoi and Haiphong

""

DATE and TIME

Tjimanook

Alauta Mari Tonkin

Toanday, 29th.

10.30 A 10.30 AM

12 80 r

Eatgon, Ceylon, India,

Mauritius,

Athor II

Fast and Bouth Afrias. Aden, {

Kowloons P.G. Reg. 100 a Letter

1:00 PM

...

Egypt and EUROPE via Marseillas

G.PO.

Beg.

1,45 PM

$11.25

Lafters

2.39,T M

Angers

2.00

2.00 FX

Kohao Maru.

8.30 F K

10+

"Pres. McKinley

4.30 PM

Yuensang

Foo Shing Taiyuan....

due Marseilles, 30th Ang.

Shanghai, Japan and EUROPE via Siberia Hai Ning... Swatow, Amoy and Foochow

Formos

Manila...

Straita and Calenita

T11.20

T.85

Sistow

T.84

Amoy ...

T.10

Shanghai, Japan, Honolulu, U.S.A.

*Canada, Cantisi and South America, and *EUROPE vis Ban Francisco- due San Francisco, 31st Aug; and *EUROPE ria Siberia

Chichibu Maru

Parcels 5.00 2 - ***Letter 5,00

Wednesday, 30th,

8.30. A 5.00 PM

Reg. 5.00 Thursday, 31st, Letters

8,80 AM

Thursday, Sist,

9.00 A 34 10.80 & 14 -AUGUST-ne 1st,

10.20 A

Noon

1,45 z w

Buildings

$1.30

HK &8. Hotala..

$834

$84

83/1

H.K. Lands

9831

1.186

Shanghai Lands

100

381

$8.90

H.K. Realtys

39

$163

Humphreys

193

Chinese Estates

***

Cotton Mills

T11.90

1.78

S'hai Crona (old).......

(new)...

1.9

Zoong sings

Public Utilities

$20 $121

$20.20 ****

Tramways

20/10

***

Peak Trams (old)... $19

Do. (new)... 36 Star Ferries

· $86--

Straits

186

Fan Heates Deli Maru

82 528 $26.40

C. Lights (old)...... 32z6±

21/22

WES

$78

$70/t

$23

Do (new)..... $23 H.K. Electrics. 877 Macao do.

$78/1

Sandakan Lights

$11

$32

Telephones (fillypd.)

Sandakan Manila, Sandakan, Australia (except places)

South of Townsville) and *New Zea

Mausang...

Nellore....

Friday,

Parcala

$213

Do. (part pd.)) $212 China Bases ......

land

via Thursday Island dua

Reg

Thursday Island, 16th August,

Letters

2.30 m

7.18)

10/-

Tractions................

+

Switow, Amoy and Fooshow...

Haiching

18/4

Li

Kalyan...

1.COM

Kowloon P. O.

Parcels 4.80 M Beg., Süd,9.00 ▲ M (Lettern. 10,00 A

U.F.O. Far, lat, 5.00.r Reg. 2nd, 9.45 Letters 10.30 AM

Saturday, 2nd,

10:00 AW 430 M

Every effort will be made to give. Very large quantities of fruit have as full and detailed a reply as been imparted during the past few a result of the typhoon possible, but no responsibility what days as ever is admitted by the writer, in "when considerable damage. so doing.

done to fruit trees in the country districts.

Those who have written for in- formation last week will find an awers to their queries below:----

INTERESTED-I advise against

There'as been a huge demand for ice this summer and over 80 tons the purchase of these shares. If are consumed daily. About seventy you must buy them, however, per cent is used for cold drinks, wait as long as you possibly can. while the rest is use for preserving

I cannot understand why you anticipate an interim dividend, as my inquiries lead me to think

"meat, etc...

There has been an unusually big stock of silver on the market

**

Do." (pref.)

Industrials

T101 Caldbeck, 1(ord.)

T10.40 Macgregors pret.)

that there will not be any interim caused principally by the silver 8.3.70 $18.85 18.65/781

this year:

•

+

slump, the dull trade conditions and the exceedingly large remittances

*

*

P.S.-As far as I can see there is by overseas Chinese.

little prospect of improvvement for the next two months. You appear to have made a bad bar- gain, and the best thing to be done is to wait for six mouths or a year if necessary.

"

J

liiiiiii

The cotton yarn market is slack, there being only a limited demand by Fatsban merchants. The prices have, however, risen by two to three dollars per bale on account of the $25.13 $25.30 82% rise in the purchase" prices.

*

are

HOPEFUL.-1.-No chance of im-

provement with the next two i

Demand for dried chees is months. 2. The same remarks healty this year, and very large apply here. 3.-Market indica-

quantities tions show that a rise may be abroad. The production this year being exported expected before the end of the shows a decrease over last and year. 4Buy and watch the market. Get out with a small prices have risen accordingly.

proft and there is no risk. For investment. I advise against it.

SAIGON RICE.

MARKET MORE ACTIVE.

*

Due to over-supply, the price of dried almonds has dropped, being quoted between 880 and 800 per picul. Dried almonds, which are chiefly imported from Tientsin, is consumed in Canton in very large quantitica

The foreign flour market has be The following market report, come. dead, Prices are high due dated July 20, has been issued by to the exchange, and demand bas the Société Indo-Chinoise de Com-consequently fallen oft. In view of merce, Saigon

the inactive market, merchants are not taking in any stocks and Chi-| nesc flour from Shanghai is selling well in consequence.

N

The market has been rather more active during the week.

Enquiries and offers have been

| received from Shanghai, Some HONG KONG HEALTIES closed business has been effected and con for the week with sellers at $9.sequently the market has again ad- There is no demand for this stock vanced. for the time being.

CHINA LIGHTS improved dur ing the beginning of the week and touched, as high as $27.50, since when they have gradually fallen and on Saturday shares were hawk ed at $98.50 The new shares are wanted at $22. A very large for Ward business in this stock has been reported at rates varying from $97 to 227.75 for September.

"CHINA PROVIDENTS are not

BUYUTS HAUTE ORY

ten cents better.

The inactive raw silk market, coupled with the bad silk crops,. has caused considerable losses to the various flatures in the silk pro-" France also has bought some ducing districts of Kwanglang. parcels for immediate shipment, Demand by foreign countries is but on the whole business actually closed was not at all important and still exceedingly disappointing and it is to be feared that with the consumption, by the Chinese them rise in prices buyers who seemed selves has become very limited in interested at the former prices will recent years due to the popularity of artificial silk piece goods which withdraw again...

are much cheaper in price. On account of overstocks, prices remain 25 low as ever. The silk filatures are doing especially badly recently. due to the sharp rise in the price of mulberry leaves,

Brokens No. 1 and 2 mixed are steady, existing stocks being no very large.

Market closes firm with few sellers at the following prices

J

very popular at the moment, and No. 1 Long 28 per cent. and No.

terjagoda kobnu piez Ch100 The për

noiding out for lenge smuldeep RNA plant No. 1 Bud & yell fre pikul, 0.10 yen per picul, 10/5 per per 100 ka., 6.88 guilders per Java cwb.

pikul, 3.58 yen per picul, 9/6 per Angust).

HONG KONG ELECTRICS closed easy with sellers at $76. Previous No. 2 Japan 40 per cent.:-117cwt. (f.o.b. Saigon shipment July

to that a good deal of business was experienced at rates between $77.75 to $78, On Saturday buyers were only prepared to cier

fra, per 100 k., 1.25. guilders per Java pikul, 6.50 yen per picul, 10/1 per cwt.

(Continued at foot of next column)

Paddy: Unchanged; arrivals are still very poor, but mills are well' supplied for the time.

31

$25

FOR

$21

313)

Do

Do,

Canton iceS

$9.25 Cements (comb.)...

(old)... $13 (new)...

18.80/70

$13

Ropes

$11.40

$1

Chias Sugars...................

$27

Malabon Bugara

United Asbestos .....

Miscellaneous

Dairy Farms

Der A. Wingbi.....

kad

Amoy and Formous via 3wataw

Straite, Caylon, India, Mauritics, East)

and South Africa, Aden, Egypt na EUROPE via Maraeilles--due Mar. sallios, 80th August

Japan

Manila

Amoy ཟ་་

Hoihow..

Bangkok vis 8wałow ...

Swatow, Amoy and Formosa

Tyndaress

Free, Joforson

Sunday, 3rd,

Anking

Kingyuan

Kalgan

Canton Maru

8.30 AM 9.00 AM ́9,00 ▲ M

9:00 AM

Amusements *******

$261

Tuesday, 5th,

$10

Chin. Entertainm'ts,

Swatow, Amoy and Foochow

1.00 F

$1.00

Constructions ̧ .

81.90

Kowloon P.O.

***

$3

Lane Crawfords

83.20

Straits, Ceylon, India, Mauritine, E. and

Reg.

Mackintosha mas

1.00 P Letters 1.00 M

G.P.O.

Nanyang Tobacco...

*14

$11.30

Sinceras (old).......................] $14

Beg,

1.45 F..

(justtarı

2.80

Do. (new) koja

1324

82.85

Wm. Powells

Wat30:15 savunani |

$12

Reg.

416 Ex

81%.

B.Iad: G. Bonds...

B.K. Gort. LOBES W

$1081

prom!

Shanghai, Japan, Canada, U.8.A,, U. and B. America and *BUBOFE vía Van- couver, B.0,-dne Vancouver, B.O 12nd Aug, and Europe via Siberia...

Wednesday, 8th, Parcels

Exp. of Japan

Beg. 7th, 9.15 a 1

-Empress of

$18

AMERICAN STOCK QUOTATIONS.

LATEST WALL STREET PRICES.

their cer

The following quotations have been received from respondents, Messrs. Hayden, Stone & Co. of New York, by Messrs. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible: for cable mütilations —

Tone of Market-Firm.

No of Shares Done.-1,000,007. Call-Money-9-per-coat-

American Smelting Anaconda Copper Baltimore and Ohio Borg Warner

B Africa, Egypt and EUROPE vis}}"dencas ... Marsailles-dae Marseilles, 5th Sept. |

Manila, Australia and New Zealand via)

Brisbane de Brisbane, 19th August}| Melbourne Maru (Letters 5.00 PM.

Superscribed correspondence only

3.00 i

Leftars 10.00 ax

Tuesday, 13th

Manila

New Yonx, July 26, 1920.

Last Dividend.

Latest

Bates

FACTS AND FIGURES

3.50

107

31

None 30c.

Curtis Wright Commen Eastman Kodak

None

*LB

215.

Electric Bond and Share Erie Railroad.

84

None.

Mising

47

General Motors

Veekly

78

General Railway Signal

Continental Oil City Service Common

Gold Dust addu Goodyear Tire and Rubber Granby Consolidated International Cement International Nickel Montgomery Ward Nevada Consolidated

Sears Roebuck &

Simmons Co.” ........

Standard Oil of N.J.

Standard Oil Co. of New York

Union Carbida and Carb

2.80

United States Rubber United States Steel;

1,60

None

Mi

For the Busy Business-Man

Hong Kong and

interested in Hong

South China. The

Press (price 30 cents) will be

mailed for a year to any place.

world for $1

Specimen