1930-09-02 — Page 12

Money and Markets

GOSSIP FROM THE SHARE MARKET.

FIRMER TONE PREVAILS: TURNOVER SMALL.

FREE ADVICE FOR INVESTORS.

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

REPLIES TO READERS.

Every week, in this column "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 custom can

The share market showed distinct signs of improvement after the August Settlement but the steady tone was not maintained through out the week and although rates advanced bere" and there, the de-also be dealt with.

·

mand fell away, in some cases, rather badly, by Friday and Satur- day. On the whole, however, the indications are that we should see more improvements in the present month and that there should be an, all round rise before "September Settlement, The extent of the rise, however, depends entirely on speculators, as from an investor's point of view, there is no real rea- son for any improvement at all.

September Settlement, is, from all accounts, the biggest settlement that the brokers have had this year, which means since 1993; as during the years in between there wäs practically no business to speak of. There has been many. ups and downs" in several stocks during the past few months and the effect of the settlement on the prices of a few of the favourite counters of local speculators will be interesting to follow,

+

•

+4

HONG KONG BANKS-A slight improvement was registered and several small lots changed hands at $1,463.

UNION INSURANCES-At $449 cau be probably a few shares placed. During the week under review several lots were sold at this figure and at $441

*

CHINA UNDERWRITERS show- ed an improvement during the week and finished up with buyers offering 890. Quite a number of shares changed hands during the week.

•

*

*

CANTON FIRES have buyers at 290 and HONG KONG FIRES at $1,000. Both are scarce.

· DOUGLASES continue to improve and finished up with buyers offering $28.50 for shares and no sellers in the market.

HONG KONG DAILY PRESS, TUESDAY, SEPTEMBER 2, 1930.

NEW YORK STOCK DAILY SHARE QUOTATIONS

EXCHANGE.

HEAVY SELLING OF OILS:

MARKET CLOSED LOWER WITH TRADING QUIET.

[UNITED PRESS. )

New York, August 5-Decligos of upwards of six points in Vana- dium and Goodyear, combined with heavy selling in the oile, unsettled the New York Stock Exchange after advances early in the session to-day, says the daily review of the Dow Jones Financial News Agency."

The break in Vanadium was due to poor business report, and this stock closed down 6 to 83. Good year closed at 55, off of with Good. rich off to 2 and C.S. Rubber. off a quarter to 90.

Correspondents are asked to fill

Among the oils, Texas Corp. W24) up the coupon appearing elsewhere down to 513; Standard Oil of New and address their queries to Jersey was down 14 to 694; Stan- Kafan" care of the Editor of dard Oil of New York was down! this paper, and to give their namesto 301: Shell Union was of half 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

to 143; and Continental Oil was down a point to 158; with Phillips Petroleum likewise off a point to 31,

Decline on the Whols General. Every effort will be made to give

Few issues survived the decline, as full and detailed a reply as and the market closed lower with possible, but no responsibility what trading quiet. Call money remain- ever is admitted by the writer ined at 2 per cent. Sales for the day so doing,

totalled 1,600,230 shares.

Those who have written for in.

formation last week will find an- swers to their queries below:- A.B.C.-1.-Good for investment as Same the retura is steady. remarks apply here, but I think these shares will be cheaper in December. 3-No use at all ae ad investment. Not for a man The shares with small capital. are very good but how many can be bought for $2,500? |

•

*

SUMMERTIME-Yes, I agree with all you write and wish you good luck

*

PROCEDURE-Get your money back at once. You are entitled to it.

*

HONG KONG STOCK EXCHANGE

SHAREBROKERS ASSOCIATION.

Darem" || Beller)], Bates: Nomlast

SATURDAY, “AUGUST 30.

Bayere Ballers Bales

51.470

1,485/87)

8936

19.80

1.180

$440 || $445

$400 $1,00

$281

T.B

$23

៖

U.S. Steel was off a point to 167), and the Dow Jones average for 30 industrials was off 2.00 to 231.62. Bethlehem was off a quarter to 801 American Rolling Mill was down it of 54; Westinghouse E. & M. was off to 144; Eastman Kodak was down 1 to 310; General Electric was off a point to 70; Du Pont was cff 1 to 112; and Johns Manville T260 was of 1 to 83.

Rails and Utilities Lower.⠀ The Dow Jones average for 20 rails was off 43 to 127.14; Pennsyl vania was off half a point to 714; New York Central rose half a point to close at 1601; Erie closed at 377: B. & O. was up to 974; and Union Pacifc closed at 210).

Utilities were also off, by .48 to 83.98. International Tel. & Tel. was off to 44; American Tel. & Tel. was off a point to 9107; Colum-

35

MATHU

******

u

TERRIKE

Hamies

FK Bankstone £1094] Do. (London) 2101 | Chartered Banks £27 || Mermatile BES. “A” £12

Do

$191

Bank of East Asia....

-

nue

$1,46%

FOREIGN MAILS

RADIO NOTICE.

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

STKAIS

INWARD MAILS.

FROM

PER

Dus

Order

2nd Sept

SHANGHAI and EUROPE "ris

Insurances

(London, 11th August).

Sarpedon

End, Sept.

·JAPAN

Sydney Mari

nd Bept.

Canton Insurancen.. $965

Underwriters......

JAVA VIS BATAVIA,, Me

$1.85

JACAR

randa

Tiskaring

3rd Sept,

8.2 Sept..

North Chinas

T160

SOUKABATA

Tribesar

3rd Sept.

-Union Insurances-$140

M.350] Yangtázo Insurances

$80

SHAFORAL and Huzor via B

(London, 16th Aug.)

"Oldekerk

4b. 8.pt.

Uhins Fires

$400

JAFAT and SHANGHAI

Kator Maru

5th Bapt

H.K. Fires.....

$1,000)

BHANGHAI

Oldekerk

5th Sept,

HAI (San Francisco, 8th August) US.A., Honolulu, Japas and, SHANG||

Pres. A doo

7th Best

Douglases

Pro. Pierce

8th Bept

Steamboats

St. Albona

8th Sept.

$43

Indos (praf)

Mantra

19th Bopt.

$10

Do. (def.)

87/8

Shell Transporta

Mining

#21

Banquets..

863

Kailana

Langkata (comb)

T.8

Shipping

Water-boats

Do. (single)

Explorations.

Shanghai Losað s Raubs

Godowns, etc.

$283

$214.

Tronch Minea

Docks, Wharess,

$188 $168

HK. & K. Wharfa... $161

$5.20 80.10/20

Providents...

$8.90

HK Docke

T118

Shanghai Docks..

T7

New Engineerings

-

$10.58 $10.70

FLY WHEEL--I do not advise you to buy because there is nothing substantial about these shares. Moreover they are not fully paid.bia Gas was off to 591; Consolidat T1130) T.12. Leare it alone and ignore all talked Gas was off 1 to 1042: Standard of a rise, p

BLUE SKY-Not worth 319 to say nothing of the figure you men tion. No chance of a rise at all.

SAIGON RICE MARKET.

SMALL SHIPMENTS TO HONG

KONG.

Gas was off 1 to 101; and, on the Kerb. Electric Bond & Share was of 1 to 79

Transamerica closed off to 201. Anaconda Copper was off to 44%, with Kennecott off to 34 Gen- eral Motors closed off a point to 44 and Chrysler was off a quarter to 28. United Aircraft was down a point to 61 and Curtiss Wright com- mon was off an eighth to 7.

Exchange Holidays,

The announcement was made to-

The following report, dated day that the New York Stock Ex- August 23, has been issued by the change will be closed on Saturday, ComAugust 30, and Monday, Septem Société Indo-Chinoise de

ber 1. merce, Saigon:-

STEAMBOATS-A small businessThe market has been quiet. No was done at 821.50 to $24.75 and at the close there were still buyers demand at all from foreign coun- at the latter figure. Sellers are tries and/or from France. plentiful but their ideas are round about. 825.

are

STAR FERRIES — Buyers offering $3 for this stock, but the figure does not seem to attract sellers at all and little business can be done uptal buyers come up in their idea.ak

#

Some small shipments have been effected to Hong Kong owing to favourable exchange, also to Singa pore, but on the whole transactions have been poor, temp

Prices however did not recede. They remain firm on for about 7.43 for No. 1 Rice, with few sellers. In fact millers have nearly consum ed their stodes of paddy and ar- HONG KONG HOTELS--There rivals from the interior are still were a few buyers in the marketery emäll. It is dificult to ascer for these shares and quite a good tain the exact quantity of paddy number were sold at $10.60 but at available for export in the interior. the close of business on Saturday,

On the other hand Cambodgia sellers were scorce and probably a padly is beginning to arrive; owing to very favourable weather, early little more will be paid this week.

rice will be marketed sooner than usual. It seems from this that prices must recede for shipment October/December or will not ex- ceed largely the present limits un- less a big demand arrives.

+

...

HONG KONG LANDS-There are quite a few inquiries for Lands at $79.50 eum-rights.

HONG KONG REALTYS showed an improvement and were sold for $0.25 and there still is a small de mand at this figure."

HUMPHREYS are quiet with the the quotation standing at $35.40 nominal. Shares could probably be had at 815,

*

CHINA LIGHTS Armed up some what during the week and shares were sold at as high a figure as 891.60. They slid down gradually during the second half of the week and finished up at $24.25. "New

Market closes sellers," with no buyers at the following prices :--

No. 1 Long 25 per cent, and No. 1 found 25 per cent. 123 frane-per 100 ks. 7.95 guilders per Java pikol; 6.25 yen per picul; 10/9 ahillings per cwt.

No. 2 Japan 40 per cent, 119 francs per 100 ks; 7.40 guilders per Java pikol; 6.05 yen per picut; 10/4 Brokens 1 and 2-116 frames per shillings per cost, the 100 ks 7.35 guilders per Java pikol; t.73 yen per picul; 0/303 shillings per cwt. prek Ship August/September F.O.B. Saigon d

shares are wanted at $19.50 Paddy:-Unchanged. Weather is very favourable for new crop which

condition.

CHINA PROVIDENTS were sold is growing everywhere in very good at 89.25 to 86.30 but towards the close of the week they essed off somewhat and buyers were only offering $6.10 for shares,

HONG KONG ELECTRICS atood very much firmer during the week under review and buyers were offering as much as 878 after-sales had taken place at $77.50 to $78.

HONG KONG ROPES A few

$10.00 and $10.70, n

ANGLO-GERMAN MINE OWNERS TO MEET.

QUOTATIONS.

New York, Ang, 28. Market weak Business done, 1,600,230 shares.

Aug. 23 25

254 201 Adam Exprous

***129 1271 American Can....

711 717 American & Foreign Power American American Belling Mill...

Smelting American Tel &

Tel American Tobacco "" American Waterworks... Anaconda Copper. Atlantic Refining

& Ohio. Bothlehem Steel Borg Warner Calumet & Bscla Canadian Pacific Railway Chicago Rock Island Chrysler

HEY

**

Hongkews

Lands, Hotels, and

Buildings

HK. & S. Hotels... $10.60 H.K. Lands Dum. $79 Do., ex righta $73 rights $12

Do,

T.187 Shanghai Lands

⠀

BLUE

#11:⠀⠀

TU

93,7 $31

USA, HONOLULU, JAPAN and SHANG-

AI (San Francisco, 15th August), AosemáLIA, and Manila

Japan and SHANGHAI

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 9 a.m. registered and parcel mails are closed at 8 pm on the previous day.

Гол

26,9

T1440 $7:40

T.1

T6

21/

Manila and Java via Bourabaya

Swatow, Amoy and Foookow...

Oaloutta ris Singapore

Shanghal

K

239

Bamehai and Wachow

T.118

T.7

Manila, Australia (except Thursday Island)

and New Zealand via Brisbane-dné) Erisbane, 16th September.

Straits, Ceylon, India, Mauritios, B. and 8. africa, Egypt and EUROPE Marseilles-ane Marseillas, 1st Oct.' ..... !

Swatow and Amoy

PXB

DATE and TIME

Autolyous

Tuesday, 2nd,

10,30

1,00

1.80 px. 2.30

Trisondari Haiching....

Tacoma Mars

Kong Ning

a

Rag.

4.00 PM 4.167

Sydney Mars

Sarpedon

$702 $701

$75

Cremer

$132

$9.10

H.K. Healtys

Shanghai and EUROPE vis Siberia

Berrima

$9.

Humphreys

$87

Chinese Estates

$15.40

Cotton Mills

Swatow Amoy

Hangsang Teinan

Ewos

T.12

T.83

S'hai: Cotton...

T.91

Zoong Sings

7.30 T9.30

Public Utlifties

$18

$18.

8121

Peak Trams (old)'...

-$12,

Do (DOW).m

584

Star Ferries

893

Wei Hai Wei vin Swatow and Foochow Manila, Bandakan, Australia, cand. New Zealand via Thursday Island - due Thursday Island 20th September “...) watow, Amoy and Focchow Cebu

Lucichow...

Friday,

Tanda

Baiyang

·Nelous

878

H.K. Electrica

FU

$33

Macao do.

$21

Sandakan Lights...

235) #23

(part pd.)

T.19

10/-

19/-

Do.

(prst)

Industrials

$24.40 $24,60

$19

Tramways $18

Crows sold)....... $24.

(LOW)) $18

Telephones (fully pd.)

Do.

China Buses

Tractions in

T.10 Caldbeck, (ord)

T10.40 Macgregory (prof.)

$778

$78

Lettam

Shanghai, Japan, Canada, U.3.A., U. and & America and EUROPE vis. Van. couver, B.O-due Vancouver, B.C.. 19th September

Letters 5.00 PM Kowloon P.O. Rag.4.30 F Letters 4.30PM G.P.O.

Beg. 8.00 P. M. Latters 6.00 PM:

fleg.

5.00 15

5.00 #

Letters 6.00 PM

Wednesday," "Bed,

8,3D ». X- $430PM

Farcela 5.00 v M

Emp. of Canada Thursday, 4th,

Straits, Ceylon, Indië, Mauritius, E, and S.)|

Africa, Aden, Kgypt and EUROPE vai Kotori Maru Marseille-dne Marsgill-n, 8th October!

Tran Hinsang Bremerhaven

#Saparacribed correspondarce only.

Beg 9.15 ▲ Letters 10.00 M

5th.

10:30 AM

Parceli Noon |Letters" +1.45-p-in /

Letters

*£;80 p' »

(1,00 2. 2,00 M

Kowloon P.0.

Reg.

4.30

480

1. G.P.O.

Beg. 5.00

furftars" ~6.00 pw

Baturday, 8th,

8.30

10804M

Noon

Monday, $the

3,000

Tuesday, 9th, Parcels

Noon ||Lettors⠀: 1.00 » M:

་!

19th,

F.O

Friday

Kowloon Parcels 4.30 N | Reg.18th,9,00 4.20

Latters 10.00 ▲. · G.P.O.

Par. 11th, 5.00 Beg, 13th,9.45 Lettera 10.30 an

,6/9

Hoihow, Pakhol and Esiphong Sandakan

Rabaul

Amoy

Tuan Bang

$21

Canton Ices

$17.85

Cements (comb)}...] $17.6 ·

$12

Do

(old).

$13

Straits and Calentta

$54

Do.

(new)...

Swatow, Amoy and Fooohow

Kutsang Hot Ning...

830.70 $10.80 $10.70

Ropes

$10.60

China Sugars

*

***

Malabon SugarS

United Asbestos ........

Miscellaneous

681 64

80 601

...2577 955;

3271

251/26

Dairy Farms ....................

$28

326

454-441

24

81

Der A. Wings..

441

$26

Amusements ****

$25

93 071

$10

Chin. Entertainmīts. $10

$1.85

Constructions

$1,90

823

Lane Crawfords ... $2,70

$10

Mackintoshs

Mati, 941

Nanyang Tobacco...

$11,60

81804

Mutl 178

1812)

173) 284 23

276274 $11.95

rei.

50%

14%

18 124

8%

3

106

191. 184

*** 50.00

Columbia, Gas & Electric Cities Bervice Common... Columbia Graphaphone Commonwealth & Southern Commonwealth & S. Warr. Consolidated Gss of N. Y. Continental Oil... Corn Prodacte Costs Wright,

Com:non Curtis Du Font de Nemours... Eastman Kodak... Elected Bond & Share.... Eris Railway Fox · Film General Electric General Foods General Motors". General Railway Signal Gold Dart

Tiro & Rubber Goodyear Goodrich Rubber Granby Hershey Chocolate International Cement International Combaston Eng International HAYOster International Mickel...

adical Tel & Tel. Johns Manville Kennecott

ennecott Copper Kreager & roll... Kroger Grocery... Taggott & Myers Loem Inc.

Ludlum Steel Montgomery Ward Nevada Consolidated Copper London, August 23. The British New York Central Ministry of Labour has invited the Pacifio Lighting German Mine-owners Federation to Packard Motor an important conference in London Paramount Publix Corp

of

114 112

211 210

82

Mutl. 87+

Math. 771

10%

MatL 221 Muth

821: 833

prem,

Sinceres

Watsons price Wm, Powells.****** B. Ind. G.8.Bonds... B.K. Gort Loans.

Stamp Collectors

Southern California Edison: Standard Gas & Electric

$12

$108

Stralta, Ceylon, India, Mauritius, East】 and South Africa, Aden, Egypt aali EUROPE vis Marseilles-due Mar-! sailles, 10th October

Mantua

Will find an interesting

article in the “Daily

Press" Every Thursday.

Interested In Wireless?

Then look for some

interesting news in the Daily Press next Thursday.

Muth 651

101

23-231

18 141

Standard Oil of New Jersey 100%

Standard Oil of New York 751741 Taras Corporation 18/Mutl Texas Gulf Sulphur.

....

-204

Timken Roller

Ualon Paolis Bailway

BA 91 United Aircraft & Texasps

United Gas & Improvem 4040

Ada Statos Rabber.

terests in order to come to a regula Philips Pe tion of the vexed question of over Pabllo Service Jad HONG KONG AMUSEMENTS time in the mines, à problem which Radio Corporation are wanted at $24 but seleirs are the recent conference at Geneva Raldo Kath Orpheum... holding out for a little more failed to solve. Moreover, an at Boyzokie Tobacco "B"

La Notte Nc tempt is to be made to establish an Bears Roebuck

1615 EWOS No local business was maternational cartel for fixing coal shell Union

25 24 reported and the market closed at prices as a counter measure to Simmons Company

dumping Tl, 11,90 buyers. 2

(Continued at foot of neat column.)

United States Steel

Warne Bros. Pietars Westinghouse .. Woolworth

PROPOSED LOAN FOR CHINA

U.S. SENATOR'S IDEA TO SAVE CHINESE TRADE.

San Francisco, August 25. China

be saved by Americia GovernACTE loan, Senator Key Pittman of 36 Nevada declared to-day in an address before, the Foreign Trade Club Cha

241 He here preparing for the 145 144 opening of the Chian trade confer

601 601 | ence on Wednesday,

EXCHANGE RATES.

[BEITISH WIRELESS BRAVICE.)

Oslo

18.100

Vienna Prague

Helsingfors Madrid

103 15/32/

RUGBY, August 31,

Lisbon

123-7651,

Athens

45.00 $108.25

375535

Brussels! Genere

34.840

10

25.035

Amsterdam

$12.081

Buenos Aires Bombay

Milan Berlin

92.955

Shanghai

620.89

Hang Trong

Stockholmi

18.105

Yokohama

Copenhagen

18.10

16

1/313/16 2/0 Silver, spot & forward" 10}",