1930-10-07 — Page 12

12

Money and Markets

GOSSIP FROM THE SHARE MARKET.

INVESTMENT SHARES SOMEWHAT NEGLECTED.

FREE ADVICE FOR INVESTORS.

[Br" KUFAN."]

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

Following the satisfactory acgo tiation of the September Settle ment investors and speculators held off for a few days to study the re- action of the market, with the re- sult that for the week under review, there was little change in rates.

In view of the number of shares which were carried over to October Settlement it is not anticipated that there will be any sharp rise in the market between now and October. In fact, a movement in the op. posite direction is more probable.

|

There was no sudden drop in the prices of investment stocks during the weak, but à study of quotations of to-day as entupared with prices. of two months ago will show how the inflated market is gradually losing some of its excessive pres Aure. The quotations for Wharves is a case in point, this stock having dropped from $158 come months ago to 8155 to day. It is gratifying to note this tendency to steadiness, an oven to-day there are a number of stocks in the local market the prices of which are inflated. The effect of this is that there is a cauti tious and nervous attitude observed everywhere, instead of the free and easy buying and selling which would be the case if quotations were in any way proportionate to dividend and other returas.j

While gilt-edged stock-after re. cent controversy on the subject I hesitate to use the term-is main- taining its level, comparison of quotations during the past low months reveals a gradual drop in rates for investment stocks.

HONG KONG DAILY PRESS. TUESDAY, OCTOBER 7, 1930.

NEW YORK STOCK

EXCHANGE.

LOW LEVELS REACHED FOR 1930.

SIX POINTS LOST IN CERTAIN CASES.

(UNITED TAK?8,]

New York, September 29. The bears continued their assault on the. stock market to-day, and the averages made a new low for 1920, CHINA LIGHTS-As much $23.60 was paid before the Settle-ays the daily roview of the Dow ment but they went down whole Jones Financial News Agency. doliar later in the wook but finished Much fluctuation.

•

The rate

OEMENTS-There has been some forward business in this stock and a little cash business, during the week was in the vicinity of $17.00-70.

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE..

SHAREBROKERS? ASSOCIATION.

Dagens Bellero Bates Nominat

MONDAY. OCTOBER 6.

Buyers Butlers

Baina Wombat,

$1,050

等到

1.180

8447)

*!!!!!!

**

Banks

H.K. Baaks.......... $1,510)|

Da (London) .... Chartered Hanks...

Mercantils Bks. “

"A

*#*!!

FOREIGN MAILS

RADIO NOTICE.

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

LUNDON Parcels (18th Aug.) and Straits Teironins Amor and warTOW...

BUBOTA vis Busz (Letters unil papers,

81,610

£103

£20

Do.

225 B12

INWARD MAILS.

#111

Bank of East Asia...

$115

Insurances

Fron

PER

$100

Canton Insurancón,] $1,080 Underwritora) $2.70 North China. -•••••• Union Insurances... He' M.50 Yangtze Insurance China Fires

T180

› Bhanovai and Swarow

MANILA

>

Scochow Tisarosa...

1400

SATAN

Ürenser Tipanas

*$20)

U.S., JANADA, JAran, and BuameuaT

(Sentils, 20th September).

London, 11th Sept, and paresia, 4th September)

Morea

...Pres,

Grant

(San Fr

De

JAYAN and SHANGNAL.

ÁUSERALIA And Manila

Australi, and Manila,

BELLITH

JATAN and SHANGHAI

worked the

$400

up at 325. Now shares have buyers | day's trading. In the corly hours, at 821.25.

the declines continued from yester- day. Later, prices grew Brmer and even advanced. Then enme another and more serious, break, issues losing more than six points. Near the closo there were unsuccess- ful attempts to sustain the late morning rally. These were follow- [ød, in turn, by heavy selling.

CHINA PROVIDENTS --- Old wanted at $5.13, and shares are there are plenty for sale at this figure.

KONG ELECTRICS- HONG This slook closed at 878,60, al thoughh during the week $70 was

paid.

Raila dcelined as a result of poor reports on earnings. The averago of 20 rails was off 1.89 to 122.30. Union Pacific dropped 24 to 207.

HONG KONG TRAMS-There New York Central was off 3) to was a fairly good business in this close at 130), a new low. Baltimore stock at 817.20 to 818, and buyers and Ohio lost 3 to close at 02. were asking for shares at this figure

nt the close.

DAIRY FARMS- Few people showed any interest in this stock Inst week, and shares are offering at 80.40.

HONG KONG ROPES- These shares were offering at under 811 at the close without finding buyers.

*

HONG KONG AMUSEMENTS Shares were offered for male at as low as $23 ex dividend.

+

HONG KONG CONSTRUCTIONS There are buyers at $2.30.

+

*

LANE CRAWFORDS are again a little beter, with buyers pt $3.85.

⚫ REPLIES TO READERS,

The average of 30 industrials lost most heavily, being off 4.38 to 208.11. Standard Oil of New York dropped another point to another new low of £7, while Standard of Now Jersey was off 2 to 68.

Steels and coppers both dropped somewhat further. L.S. Stool was off 1 to 1503, while Bethlehem Steel dropped 24 to 80). Anaconda Cop- per was down 17 to 30h..

U.B. Rubber Higher.

U.S. Rubber was one of the fow stocks which closed higher, being up 1/2 to 13 Goodrich and Good year, were each down 3/8, to 107 and 30% respectively.

Among other industrials, Dupont de Nemours was off 3 to 103. Eastman Kodak dropped 2) te 100).

Motors held relatively firm, Packard remaining unchanged at 10. General Motors was off 18 to 33. Chrysler dropped 3/8 to 201.

$1,080

$25

T1.30 T.61 24

$5.16

**

TITL

T

******

***

431

ex div. 18.70

H.K. Fires.

| **.............................} $1,080|

Shipping

Douglases............

Steamboats omai

Indoa (pro)

Do. (def.).

Shell Tisaspor... 60/

Water-bosta

Mining

Benquote.......

Langkate (comb) ...

36

Kailans

1.8

Lo. (single)

Explorations.........

$180

**

$3.55

$36

7.198

T.230

$11.50 $111 874 $769 3736

$12

T.305 $8.60

$17.90

$18

$251

These remarke, of course, do not strictly apply to speculative count ters, but here also the market is undoubtedly top-heavy, and the Amo sliding back is noticeable,

Every week in this column although being speculative, several Kufan" replies to correspondents small temporary rises are re- who may have questions to put ro- The average of 20 utilities WAS gistered during the downward jour-garding the prospects of any stock off slightly less than the raila, 1.05 ney of quotations.

quoted in Hong Kong, Shanghai to 77.15. International Tel & Tel. for Singapore, Questions regarding dropped 3 points more to 31h, less principles, practice, and custom can than half its high for the year. American Tol, & Tel, suffered less, also be dealt with,

Correspondents are asked to dropping only 3/4 to 204.

Columbia Gas & Eelectric drop- up the coupon appearing elsewhere and address their queries to ped 2 to 33, below the previous $93.75

Kutan," care of the Editor of low for the season of 38. Weeting- this paper, and to give their names house was off 3 points to 199, and address. It is desirable that General Electric was off 1 point, a nom de plume bo also included, closing at 612. in order that readers can readily identify the answers intended for them.

On the whole the market is show ing healthy signs, ins a return to rates more in keeping with divid ende declared is undoubtedly the dosire of all who are seriously in terested in the sharp market, and not concerned merely with sudden speculative "flutters."

BANKS These shares fetched 81.816 during the week, and there are a number of buyers still in the market Shares are, due to 'rise a little more this week.

*

*

*

UNIONS—Shares are wanted at $400, but none are, forthcoming. There were a few parcels offered- during the week, but they were snapped up as soon as they appear cd.

•

·

CILINA. UNDERWRITERS These shares are a shade casier; Astmall business was done at 82.76 to $2.80, but buyers are holding of for the moment.

*

DOUGLASES and STEAMBOATS are qupted at about 328 and 825 respectively, but very little interest was shown in these shares.

STAR FERRIES also

ed at quotations.

•

too are neglect

HONG KONG · HOTELS – At $11.15 to 811.26. a fairly large amount of business took place, but at the close buyers, were holding of, In spite of the fact that shares were being hawked at $11.10.

HONG KONG LANDS — Old shares changed hands at 871.50, and interest in Chose shares appears to be on the wane for the time being. Now shares are offering at $13.50,

HONG KONG REALTIES – These shares were sold prior to the Settlement at as low as 38.50, bub last week there were buyers ›nt $9.60 without any shares coming out."

HUMPHREYS—Selleri' ¡are now asking $15.95, but buyers have again been conspicuous by thoir absence. Probably 815 might lead to busi

neas.

HONG KONG & KOWLOON WHARVES-Shares were dealt, in at: $165, but at the close buyers wore only offering $152.

HONG KONG A WHAMPOA DOCKS could probably he obtain ed at much under $37, which is the figure at which they are quoted,

WEWOS-There seem to have beon Evos during the week under review, and shares were offering at Tis

•13,13 at the close.

Every effort will be made to give a full and detailed a reply as possible, but no responsibility what ever is admitted by the writer in so doing.

Those who have written for in- formation last week will find an- swers to their queries below:--- PAGODA—I can see no reason why you should sell. Better hold on, the more so because exchange is so much against you today.

*

DIVIDEND-A.-If the sharca aro sold in January, you must loso the dividend unlese the term "-ex-dividend " has been' inelud- ed in the contract of sale. 'D.- If the shares are sold through a broker, the latter may transfer them to any none. As regards covering the dividend, the same must be included in the price on day of anic. That is the only

жду.

•

PHILIP-Yout letter is generally correct. There has been move- ment to push this stook up, but

don't believe will be tried again, The company's business doce not morit the rise. The absence of dividend is another substantial reason for not touching this sfock.

As is inevitable with the averages touching new love for the season, many stocks have hit unprecedentei lows, and others hover close above their former low records.

.

EXCHANGE RATES.

(BRITISH WIRELESS SERVICE.')

Paris New York Brussels

Genova....... Amsterdam Hilan Berlin Stockholm

(NEW)

Shanghai Loans Raubs ******

Tronch Mines

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharfa...

· Providenta (old) ...[ $3.20

Do.

H.K. Docks

Shanghai Docks ....

T7.30 Now Engineerings

Hongkas

Lands, Hotels, and

Buildings

H.K. & S. Hotels...

H.K. Lands (old).....|| $74%.

130. •

(now)... $731 (rights)

Shanghai Laude....

H.K.Kealtys.............. Humphreys

Do.

$13.60ak Teams (old) $0.60

Star Ferries

CLights (old).....

(new).

H.K. Electrics

Macso do.

Do.

11.15)

37/6

****

TIK40

$7,40

MI T.6

23171

$155

#2}

37

T.120.

1.7

NAYA

BTRANS

Pres. Fumors

"

Pres. Lincoln

+

Dus,

ཚོཤྩཤྩ སྱཱ སྠཽ ནྲྀཌྜྷྱ3བྲཱཎྜཿཤྲཱ སྐྱུ ཎྞོ

38835 8 8 68885885 8 8.5

U.S.A, HONOLUzu, Japan sod Suanomat.

Francisco, 13th September,

...Shingo Maru ***Tribesar.

*** Halica

Kidderpore Uburgla Kilano Maru Torukuni, Maru... Hakone Aturn.

0.8.A. HONOLULU JAPan and Shang

HAI (San Francisco, 19th dept (aber). USA, Horotulo, Japan and Shang-į Har (San Francisco, 28th Septembra) CANADA,U.B.A, HONOLULU, JAPAN, and,

ONUNA VADConvor, B.O., 2nd Oct.)} Emp. of Canada...

OUTWARD-MAILS.

KEGISTERED 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 am, registered and parcel mails are closed at 6 p.m. on the previous day.

FOR

Prz

DATE and TIME

Batavia.

watow, "Amoy and Foochow

Fort Bayard

Amoy.

Manila

Bwatow and Foochow...

**

Timancas Haisang

t Taipoosk Taiyuan...

Empress of Asia. Pres, Jefferson Chip Shing Namsang

·Marsang..." Dovada

Tuesday, 7th,

10.30 A

1,00PM 9.80 8.80. M

Wednesday, Sih,

Manila

Sandakan

Deli Maru Oremer

Telemachue

$8.60

$10 187

515

Chinese Estatus ...

Ootton Milla

T.123

Ewos

T.4.20

+41

183 Shai, Cottons......... *T.10) Long Sings

M

T.821

Amoy

+

TH

1.10

Public Utilities

Tramways ..

Maalla.

$17.9

$17.95

Do.

(asw)...

$18.55 $61 883

Shanghai, Japan, Honolulu, minds, Ü.8.A., Central and South America,

and *EUROFE via Han francisco d due Ban Francisco, Beth: Oct, Zand-

EUROPE via Siberia

Ohichibuze

floge

16241

8701

$78.80

$23

8122

bandakan Lights

Amoy Formosa vis Swatow Btraite

$35

Telephones (fully pd.)

(part pd.) $12

Baigon.

T.18

Chins Buses *********

BO, 4th November

***

B

Traction

197-

Do. (pref.)

$17.85

$5.20

$17.80)

T.10 Caldbeck, 1(ord.). in T10.40 Macgregom (pref.) Canton Ices Caments (comb.)... $17.70 $11.85 Do (old)...]

-

TH

$2.76

$17.80

54

$11.10

$1020

$1,10 China Bugars

#X7

#6

United Asbestos

Miscellaneous

***

Industrials

Malabon Bugars

$26.60 Dairy Farms, cum. r.

$25+

Japan and Victoria, B.C.-dus Victoris, Irion

Straits and Calentts ...

Kum Sang

Straits, Ceylon, India, Mauritius, East”

and South Africa, Aden, Egypt ani EUROPE Marwillas-dno Mar sollins. 7th November.. "

Malwa

**

Hai Ning

8.30.

4.30

5.00 PM

*6,09 M

16.00 DAM 2,00 M

27.16 am, k) (7.80'am, &- $5.00 p

7.00 pm Bundays

Shanghai, Japan and ⚫EUROPE via Siberia Morna Swatów, Amoy and Foodbow...

Australia (except plaora North' of. Bris】 bano) and New Zealand via Bingapore | and Brisbane-due Brisbane, 4th Nov.. Shanghai, Japan and "EUROPE via Siberia Amoy

Japan, Canada, USA, Central and” South America and #EUROPH vis |

Malua son- nseling with Nious Zeeland at Singapore Kidderpore

Victoria, B.Odas Vistoria, B,C., Pra, Jeferson 81st October

Buy and Fooshow

Mauritius } Ceylan, India, · Fast and South Africs Aden "Egypt | "Andra Tabon and EUROPE via Marseilles-due Marseilles, 14th November

Straite, Egypt and EUROPE via Mar Colchar

sailles-idwo Marsellise, 18th Nov, 1906)

5.00'

Thursday, 9th Lettors8.30

ursday 9th.

8.30AM.

0.30. 10.00 a

10.30 Parcela. Yoon Leitern 1.00

Kotel on Out Parcela 4.80 M Best 11th,0.00 Letters 10.00 AM G.P.O

Par, 9th, 6.00 Reg. 11th,0.45 A 1. Letters 10.80 A

Friday,

10th,

· 9:00 AM

9,00 AM

Saturday, 11th,

Beg 0:15 Letters 10.00 4

5,00,

[Sunday, 12th,

9.00AM 9.00.

Monday, 18th,

| {Paronis : 3.00 v M.

Letters, 5.00

Beg Beg

5.00

|| Leitaro 6.00 p M

Tuesday, 14th, 1.00 Y Kowloon FO Box 1.00 F

100

Lettere

"G.2.0. Reg, 1.15.

Letters 2,00 P ́M.

· Kowloon P.O. Bog 1.00 M

Guitars 100.

PORO

Best

Letton

1.45 M

Ruoux, Oct. 3.

123.890 1.80

+24

"Do, ex rights

88.15

Do

34.835

81

Der A. Wing

rights

25.035

$23

Amusements t

12.05

$10

Chin. Katortainm'ta 310

02.70

$2.40

Constructions

$1.30

20.415

19.085

831 -819.

Lane Crawfords

$3.85

Mackintoahs

Swalow, Amoy and Formoes Bangkok via Swalowa

Copenhagen

18.155

Oslo...... Vienna. Prague

18.155

34.425

$2.85

183 193 46.90 108.95

375 181

promi; 8% LOVAL AND

Rio

Buenos Aires.......... Montevideo

Bombay

Helsingforsa *Madrid Lisboa Athons

Bucharest

30.9/10 40 1/51 1/7 Shanghai,

1/8/ Hong Kong N Yokohama

2/07/16 Silver, spot & forward 161

Stamp Collectors

Will find an Interesting

article in the

Press Every Thursday.

Nauyang Tobacco...

$11.60 Sinceros **********

$11,90 Watson

m, Powells

B. Ind. G. Bonds...) 63% H.K. Gort. Loans one!

REGULAR OUTWARD MAILS, ·

WEEK DAYS. SUNDAYS & HOLIDAYS

1

$108

{FROM:

FROM G.P.O.

SANGWAN.

FROM 6.2.0.

BRAMON P.0.[

Foxx SHEUNGWA

Уваход

2.0..

€7.15 m. &}· 7,50 km, 16.00 5

17.00 putthe

Bundays

( pm baly |700 ph

Lonly

£ 7.15 m., &]

780.

{1.15 p.

1.30 p.m.

5.00 p.m.

6.00 p.

| Macao & Telnaban

Kongmoon (except Saturdays) 600 puh.

Kantong (except Baturdays),

Fatahan (By Train)...

Tai O

Tal Fo

„Danton Muens

Kaying

(025

Shanghai, and EUROPE vis Biberia.

Free Joermon

3watow,

Hatching

Japan

Kilano Mary

Japa

Chengkai and #KUROPE via Siberia

80

Wedaseday, 15th,

8.00p.m. Inou pam & ABÓ p

Haturday 1.00 pm, & [4.30 pa

(730′am,&] (7:30'ini, &

·1.16 p Bundays 8.15 mi.. Lonly

5.00pm

7.16 BYL 0,00a.m.

9.00 Im

110

$11,00 sem. 1.4.80 p.m.

1.80 3. Banders 8.30 a.m. Lonly.

6.00 p

6.00 p

Straite, Ceylon, India, Mauritius, East and

"South-Africs," Adan, Egypt and i

KUROPE in Marsellies-due Ma sodios, 15th November

Australia and New Zealand via ́Menila)

Thursday Island das Thuruda Island, Lat November

Perukuns Maru Terukuni Marsi (Eattern 6:00 FM

Friday, Kowloon P. O

Letters 4.30

Вод 500 г к Letters 6,00

Monday, 20th, Parcels 5.00.1

Row 21st,9,65 AM Lotters 10.30 ▲ M:

Tuesday, 91st,

0.0000

(0.003 0.

9.00p.m.

· 9.00 am. E

Shamahu

Daily

Cheungchow

Aberdoan

8.30 6.m.

Stanley

1.00 pazi

Autan, Pingalan, Bant

Bhatin, Bhatankok, and

8.00 pas

·Shenngahui

Baztan, Shekki & Tui

*7,00 p.za

8.30 tr 100p.m.

10.30 0.00

Manila...

Hakone Mári

Ohangle

Pres. Lincoln