1930-09-30 — Page 12

Money and

Markets

GOSSIP FROM THE SHARE MARKET.

SEPTEMBER SETTLEMENT SAFELY NEGOTIATED.

"FREE ADVICE FOR INVESTORS.

BY KUFAN."1

wait.

HONG KONG DAILY PRESS, TUESDAY, SEPTEMBER 30, 1930.

NEW YORK STOCK DAILY

EXCHANGE.

THOUSANDS OF SHARES

THROWN OVERBOARD...

HEAVY DECLINE IN PRICES.

[UNITED TRESS.]

New York, September 22-A sull- ing stampede. marked to-day's. market. Prices doclined over a billion dollars, says the daily review of the Dow Jours Financial News Agency.

SHARE QUOTATIONS

KONG STOCK EXCHANGE.

Duyarı Bellero

$110

$1,050

· SHAREBROKERS:::

ASSOCIATION.

Bales Notana

MONDAY. SEPT. 28.

Bajera Caliers

Gall

Banks

$8.75

.1.180

200

$160

Thousands of shares were thrown overboard, and the benvy selling gained momentum until the now- speed tickers were hard-pressed to keop paco with the tumbling de

Every section of the market suffered, industrinis falling most henvily. The market valuation of 81,080 American Tel. & Tel. shares drop- ed e56,000,000; International Tel.

Gossip often moves the market, asking this Agure will have a long line, but no investor should either buy ́or ieli on market: gossip' only.

Business during the past week Has heen maily of a restricted nature, though quito a number of abares were thrust on the market | on Friday and Saturday, in anți, cipation of the Settlement which was concluded yesterday, Specula tors who had overbought hung on to the last minute in the hope that the shorts would come out and buy, hut apparently the aborta had their position well covered, with the re- sult that a good number of shares which were to have been taken up yesterday on account of September Bettirment have been carried over to October, and in some cases to November and December, at; com- paratively good rates of interest.

i

HONG KONG ELECTRIOS— These shares are fairly steady, although a number were sold during last week at $79.50 to 879. Shares can still be obtained at 870 or a little less.

HONG KONG TRAMS- Miter

|

Tel. 937,000,000; U.S. Steel 831,000,000; General Electric 842,000,000.

The average of 30 industriala was off 7.07 from Saturday's market sales had taken place at $18 toto 222,78). Utilition, Everaging 20, $18,16 buyers revised their idens were off 2.74 to 81.38, and 20 rails about prices, and were only offer were off 1.20 to 128.55. ing-816 at the close.

*

were

DAIRY FAR31S-Sellers' asking. 896.75 at the close, of the week. Business was done during the earlier part of the week at $20.50.

HONG

ル

KONG ROPES-The price of this stock dropped in few days from $11.50 to $10.6%, and apparently all the talk of shorts in this stock is no more than mere rumour.

The above remarks apply to practically all stacks but China Lights, in which there was a small demand due to shorts. Hotels also came in for a good deal of busi ness, but no rise in price was regis- tered. The banks extended their facilities for an extra hour yester day and everything is reported to have gone through satisfactorily although some brokers had to come TIONS Shares are wanted at out to buy shares during the day to | 99.50. „complete their settlement,

*

•

HONG KONG BANEX Atila these shares found no buyers dur- Hug the week under review, but towards Friday and Saturday small huyers were making for shares ab $1,310

UNION INSURANCES Sales were effected at 8449.50 and 8445 during the week, hat the shares firmed up towards the close, and as much as 8450, would be paid, I think, this week.

CANTON INSURANCES Shares were dealt in at $1,003 to 81,070, but buyers have come down slightly in thoir ideas and were only offer ing $1,050 on Baturday, with sellers holding out for 81,070,

*

HONG KONG AMUSEMENTS- There were buyers during the week at 825,50."

HONG

KONG

United Corporation was off. 2) as compared to a week ago, to 30%, and U.S. Int. Securities preferred was off 2 to 60.

Sales for the day wore 2,332,055 shares. Call money was unquoted

at 2 per cent.

U.S. Steel was off 37 to 100. Bothlehem Steel down 31 to 831. Anaconda Copper was off 1 to 433: International Harvester dropped, 4 points to 12. Du Pont de Nemours wns off the same amount to 112). American Can loa 34 to 120 Goodyear Tire lost 3 points to 59; Eastman Kodak 21 to 2011.

Motors and Rails the Steadiest. Motors held up better than many stocks, Packard losing 1/4 to 12), CONSTRUC-Chrysler 5/8 to 258, General Motors

· LANE CRAWFORDS are wanted at 83.25.

· REPLIES TO, READERS,

| 14 to 418

3400

$5

A+A

T.260

*********

• E17. £20 Elet

$1,515.K. Banks 2106Do, (London).

Chartered Banka Morcantilà Bks. "A"

Bank of East Asia....

Insurances

Canton Insurances. Undorwritors

North Chinas

Union Insurance

M1.550 Yangtaso Innarances

China Firos ́

B.K. Fires.

Shipping

$28 Douglases

Steamboats

$40

Indos (prel)

10

Da del) ht

2013

Shall Transports...

Water-boate comun

1.8

Mining

Benquets...

Langkata (comb)

Da (single)

35/

Kailana

$160

$5:10

$2.65

36

$1,050

43.05

$415

$400

$1,090

#1

F1,516

2000

DIN⠀⠀

FOREIGN

MAILS

On and after Wedursday, 1st October, the entrance to the Parools Delivery Section of the General Post Office will be in Daa Vmax land opposits Meseca, Whitesway & Laidlaw's Store, Par

Parools (or posting a tho General Post Ofios should still be handed in, ns at present, over the counter in the Public Hall.

· RADIO „NOTICE.

Individuals and firma ere recommended to register their tale-. graphic address at the Radio Ofee: No charge is made for this.

INWARD MAILS.

Клом

PER

Dox:

CALCUTTA and 872äitä HAIGON

Tilawa

90th Sept

JAVA....

Porthos Tipondok

80th Sapt

30th Sept.

T160

Japan and BoanGUAI

Genl. Matsinger

80th Sept

SHANGHAI

$60

STRAITS

Patroclus Trimer

Soth Sopt.

Sept.

་་་

Shanghai and Swarow

AMOY

BATAVIA

BATATIA

The

BATAVIA

123

$43

EUROFS via NEGAParam (Letters only

SHANGHAI and EUROPE vis. SIBERIA

(London, 13th September)

Finklang Takada....

·Tisaiak

Bi, Albans Tisondari

Set Det,

las Ook 1st Oct

GenimaTM

4th optambor)...

44

முதம்.

ཁ་

Hakozaki Maru sai

2nd Oct.

JAPAN

Buenos Aires Moru

kad Oct

4th Oct.

5th Oct:

8th Oct.

Dát.

$40

$31

30,6

37/8

T14.40 $7,40

Explorations...nak

Shanghai Loans ... Raubs

P6

$135 oz div.

Ironoli Mines...

· Docks, Wharves,

Godowns, etc.

...EL & K Wharfs...

Providents (old)

Do.. (now)... H.K. Docks

ATMALARCO

T114 Shanghai Docke T730 New Engineerings

$75

[$13.40)

T.305

$8.8V

Bails adeo-held-rontiroly-firm, Union Pacific even holding its own $11.26 $11.38 at 2101, practically unique in the

A market. New York Central lost 21. to 150, Chiengo and Rock Island was off only 1/8 to 031 Canadian' Pacific, on the other hand lost 45 Every work in this column to 1802 Pennsylvania was off only. *Kufan" replies to correspondents / to. 73.

American Tal. & Tel. was down who may have questions to put re-.38 to 208; International Tel, & Tel, garding the prospects of any stock. Consolidated Gas of New York quoted in Hong Kong, Shanghai was off 3 to 1041. Standard Cas or Singapore. Questions regarding and Electric 2 to 05. Electric principles, practice, and custom canBond and. Share lost 4 to 728.. also be dealt with.

Radio Corporation went down 24 to

Correspondents are asked to fill | 844..

up the coupon appearing cisowhero Standard Oil of New York drop- and address their queries to pet only a half point to 30%, but Kutan." care of the Editor of Standard of Now Joracy lost 2. this paper, and to give their names points to 053 Westinghouse was and address. It is desirable that down 31 to 138. a nom de plume he also included, in order that readers can readily identify the answers intended for tham

CHINA UNDERWRITERS--After Every effort will be made to give business had been done at 82.85 during the week the demand onsed as full and detailed a reply off considerably, and buyers were over is admitted by the writer in

possible, but no responsibility what- |-- not offering more than ́ ́ 82.60.

so doing. Sellers are holding out for $2.80.

·

•

Those who have written for in- formation Inst week will find an- HONG KONG FIRES I is re-swers to their queries below ported that a small parcel changed hands at $1,125. These shares are BARNEY-A.-There is very little

wanted at 81,075, but are extreme- ly scarce.

-DOUGLASES. These were neglected during the week, but at the close there were sellers at $25.

་

STEAMBOATS-There are sellers at 825, but a complete absence of inquiries...

·STAR FERRIES are obtainable at 888.Here also there was an absoluto absence of inquiries.

*

HONG KONG HOTELS-There was a large business, dace in this stock, but prices have remained steady between 811 and 811.25, closing with buyers at slightly under the latter rate,

་་་

. HONG KONG LANDS Only a amall business was done here at $18 en rights. The rights "wore frandied at $13 to 813.25, and the market closed with sellers at these -figureni.“

REALTIES-Sales took place at as low as $5.60, and buyers were only offering 88.50 at the oloao.

HUMPHREYS Although shares dan be obtained at about $15,95 buyers do not seem to be interested.

COTTON MILLS-The news of a botter political situation in the Worth has had the effect of firming up Ewos, which rose during the week to 12.70 buyers The stock, however, closed easier Lat "Tls. 12.30NTART

CHINA-LIGHTS-At rates várý- ing from 825 to $25.50 a number, of China Lights were sold for the September Settlement. New shares vero dealt in at 320 to 920.25,

CEMENTSA large forward busi- ness in this stock had been done during the week under review, The cash rate fluctuated between $17.00 and $17.00.

sbarts are now sliding down, and evan at #6 do not seem to attract. There are several large pagels offering at 8.10,, but I fear Bellera

chance of this happening unleas the company suddenly undertakes some new business. Investors, by the way, nie not keen on this stock, B. This is good for n small speculation. There are .signs of keen competition, hence, as an investment they cannot be reegamended, although business may be good for the present.

GENEROUS-T cannot agree with you that the shares should go up by at least three points by

There is no likeli Christmas. hood of a dividend this year. READER.-Don't buy these shares. A mere perusal of the quotations during the past fortnight would, convince you as to the tendency of the market.

Throughout the market there was no question of up or down, only of how far down, with no prospect of prompt recovery or:<

-oven of arrest.. ing the decline.

· EXCHANGE RATES.

BRITISH WIRELESS SERVICE.]

Ruaur, Sept. 28. Paris

123.79 New York Brussela Genova Amsterdam Milan... Berlin. Stockholm

Madrid Lisbon Athena Bucharest Rio

Hongkowa...

Lands, Hotels, and

-Buildings

H.K. & S. Hotels HK Lande, cam. r.

$155 $158

$3.06

121

137

T110

17

911.15

978

Do ex rights $75

Do

Shanghal Lands. ...] H.K. Realtys.............. $10. Humphreys *7! Chinese Estates

Cotton Mills

1.12 Ewou

1.83 S'hat Cottons

T10 Zoong Sings »

Public Utiltles

a.

HUMOR THE

U.S.A, HONOLULU, Japan and Smawostaz

(ban Francisco, 5th September) JAPAN.. AUSTRALIA M

MAUSTA

LONDON Pardom (28th Aug.) and STRAITS Qanana, U.S.A., Japan.änd Buanomat) ~ (Vancouver, BC, 18th Seph) (m) U.B.A, HONOLUlu, watak and Buano- HAI (San Francisco, 12th September) Japan and Sharona),

Fr. Johnson Brisbane Maru Neliora Tetresins ...

Besprau of Aria».

Pres. Jeferson

Mation.

OUTWARD MAILS.

6th Oct. 10th Oot.

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 & am. registered and parcel mails are closed at 5 p.m. on the previous day,

For

Manila and Java via Sourabaya Sandakan

Japan, Honolulu, San Francisco and Bouth American Porta: Fort Bayardr

Baigon, "Straits" "Usylon, •indin, Mauris

• Filhadak

Date and Tima

Tuosday, Both,

900** 10.30 AM

10.80.

·1.00 z M- Howloon F: 0.

Røg: 100 mL Letters--1,00 e s G.P.O.

Hinang

Heiyo Maru

Sunkong...

F.

$8.65

$10.46

Gas, Fast and South Afrios, Aden, Gen. Matninger" *Egypt and "BUROPE vis Harsoilles -due Marseilles, 1st November

Reg.

Lettera 9,30 ℗ ún.

-T.12

Shanghai, Japan and BUROPE via Biberis Porthos Swalow, Amoy and Foochow

1.82 1.10

Fort Bayard, Hoibow, Fakhol and Haiphong Tonkin Samaani and Wachow

$18

Straits, Coylon, India, Mauritius, H. anlj

Africa, Egypt and KUBOPE vis Marsailles-das Marvoillas, 29th Oct...

$18.63

$6.00

Amoy

C. Lights: (old)....

(now)

¥25.40 $20.00

Swatow

$784/85 $23

H.K. Electrica..............

Macao do.

$111.

$95

Telephones (fully pd.)

7.18

China Bus03

Bi-

197-

Bwatow and Fossbow .. Amoy

Shanghal, Japan, Canada, U.B.A., C. sad

8. America and #EUROPE'via Vangi onover, B.C.-due Vancouver, B.C 17th Oot, and *Europe vis Biberia.....

Harbow, Pakhoi and Haiphong Hoihow, Pakhof and Haiphong

Emp. of Japan

9.00 PX

3.00PM

4.00 24

Kowloon P.O. Bog.ne430 1

|Ložters 4.30 PM G.P.O.

6.00 2 Letters * 8,00), pe și

·5,00 PM

6,00 M Wednesday, Int

8.30

- ОСТОВЕВ -

(Parodis – 5,00 2 1 Thursday, and Beg, 9.15 ▲‚ ̧Ñ Letters 10.00 P

Thursday, 2nd,

Hai Ning.

Kong Ning

Pairociue

Reg.

Cromer

Luciohow Trinan

$18.10

*$83

$25.00

$20 $78,00 $79

$22.10

Tramways 313,60) Peak Trame (old).

Do (new)...) Star Ferries

TAL

Sandakan Lights ....

Do. (part pd Bag

Tractions reserved

Do... (pref.) ..........

Industriala

T.103 Caldbook, ((ord),

Ti040 Macgregors praf.)|

Canton Ices

Comente (comb)... $17.55 $11.80 Do

(old).

30 Do. (now)..

Menado Maru Thangchow

8.30AM.

0.80M

4.85 31/32

Friday,

34.80

25.05

12.05

(017)

$3 $172

$2.75

$17.60

17.56/.65

Fort

Straits, Ceylon, India, Mauritias, East

Bad South Africa and American

South Buenas Airas Maru

9.80

102.701·

Manila Australis (except places North

Parcele

Noam

20.41

$10,0

.18.00

$10.70

-

1.80.70

Copenhagen Oslo

18.18

18:16

Vienna Prague

34.434

$1.10 China Sugars...................! 2987 Malabon Cigars ...

United Asbestos

October

89

1034

Miscellaneous

Helsingfors

103 1/10

45,50

$28.70

Dairy Farms, cum, r

$101

103.25

$211

375

Do

817

51.

40

$1-

·$254 10

rights Dor A. Wings,...... Amusements.

Do ex rights

of Brisbane) and New Zealand

via Thursday Faland-dus. Thursday Taland, 18th

Straite and Calentia...

TH

Swatow, Amoy and, Foochow

Australia and New Zealand via Manila and y

Brisbane-due Brisbane, 19th Oct... Brisbane Alaru

Takada...

Haishing

Beg 1.45 Letters 9.80 M Parcela 19.30 „Letters

1,80 px 1.00PM

Batunlay, 4th

323

201

1/5

Letters

-5.00 7 =

Sunday

Swatɔw, Amoy and Formoss

Hozan Maru

9.00 AM

Sandakan

11.50/70

512

Swatow, Amoy and Facchow Manlis

Hawang Haiyang Empress of Aria

Biraila, Ceylon, India, Mauriting, Earty

and South Afrion, Aden, Egypt, and EUROPE, vix Warsalioside. Mar- Hailles, 7th November...

Malwa

*Superscribed correspondance caly,

10.30

3,50 PM

2.O.

1bursday Kowloon Parools 4.80 – M Beg,11th,9.00 a M ̈ ̧· Letters 10,00 a ̈ G.PU |Pary Mh, 5.00 1 18:

Hey 11th,9.45& Letters 10,80 & M

Tuesday th

10.80 AM

Buenos Aires Montevideo Bombay. Shanghai

Hong Kong

1/71 1/3:11/16 2/07/16 Silver, spot & forward 101:

Yokohama

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 Meners. Swan, Culbertson & Fritz, Sassoon House, Shanghai, (cable address: "Swanstock,Shanghai), who are not responsible for cable mutilations.

$2.30

Chin. Entertainm'ta 310 $2.40 Constructionın - ...............

Lane Crawfords......

$19

Nanyang

Tobacco... $11.60 Sinceren kenmer $11.90 Watsons**************

$2.85 Wm Powells m

prom 8:

B. Ind. G.S Bonds... 617

H.K. Govt Loans ....

HERREN HE

LOCAL AND REGULAR OUTWARD MAILS.

WEEK DAYS..!

SUNDAYS & HOLIDAYS

··FRox G.P.O.

Глом SELUNGWAN BRANCH BO

G.P.Or

Canton

(7,16 s.m, &. '230 £1, 7.00 p.m.

Salen.

Tono of Market,-Irregular. New Yong, Sept. 27, 1930. No. of Shares done.-1,750,000. Call-Money-2.por. cent.

American Smelting

Anaconda: Copper, tur Baltimore and Ohio Borg Warner Continental Oil

City Service Common Curtis Wright Comtion. Eastman Kodak

Electric Bond and Share

General Motors- .......

General Railway Signal Gold Dust... Goodyear Tire and Rubber. Granby Consolidated International Cement International Nickel ... Montgomery Ward .... Radio Corp Radio Keith: Orpheum Beara Roebuck & Co. Simmons Co,

Standard Oil' of 'New, Jarity.

TTSZDUTbg"Napy Union Carbide and tari -United Aircraft and Trau

United States Rubber United States Steel

Last Dividend.

8.50.

Tai Po

Shumchan

Cheungchow

10.00 AM-

(0,00a.m. 12.00 p.m. 16,00

13.00 p

44:30 pm. Haturdays

1,00pm

4.30 p.

FROM N

FRAMEKONGWA,

BRANCH

PO...

(7.18 km, 5] [7,20 xìm, &

5.00 pm. 7.00pm Bundaya Handays tsp only 700 pm.

Lonly

7.15.1. & 7.80 m, &

7.11.00 8.

1&280 m.)

FACTS AND FIGURES

For the Busy Bus

ess-Man

ted in Hong Kong and

South China. The "Weekly

Press" (price 30 cents) will

mailed for a year to any place in the world for $16. Specimen

Copy Free

(7.18.10. {1.13 p.m.

1.7.30 11:30p.m.

None

Nose

1.15 p. Sundays 8.15 8.30 Lonly

Kongasoon fercent Baturdays)

Baukong (axcept Battiede

6.00 p

ELDO pm. 6.00p.m..

6.00 p

1.80 m Bunda 8.30 Conly.

6.00 pm.

6.00 p.m.

Fatshan (By Train);

7.16 m

Tai O

None

4883755998888335

Aberdeen Stanley

Saikang.

Namta, Shekki

(Funda)

*13,80 pat

3:00 p

7.15 m 9.00 am 1.00

8.20

1:00p.m.

4,50 pan.

4.80 p.m.