On the local share market during the past week Rubbers have tended towards firmer rates, whilst Industrials have been noticeably easier.
Prices for raw rubber during the week (see below) have remained steady at a higher level than lect week, and there has again been another substantial decrease (4,017 tons) in London stocks. With one or two exceptions buyers" quotations for local rabber shares have been steady to firmer, and rates at which business has been done are generally 5 to 10 cts. above last week's record. The following changes in quotations for Miscellaneous shares (other than Rubbers) ere noteworthy, viz Banks on account of exchange are easier @ H$1.275 business done; likewise. ave easier @ 19 buyers, and Trams are easier @ $15 business done with buyers since Ofering T1435 to-day, Cotton shares are dull with Ewo (Ord) easier @ 8.75 business done, and later @ $8.20 and 3.65 for June. Union Insurance are easier @ HS318 buyers After payment of dividend. H. & S. Hotels have improved to Hs930 buyers to-day, with HE9 40 uttered earlier in the week. Telephones are easier @ T63 ess dons ith "f62 buyers offering later. Omnibus are easier @ T9 business dene. Bayers of New Engines (rd) have lowered their rate to T43U, and Prefs. are easier @ 74.70 business done. S'hai Decks ure easier @ T106} cash snd T1663 June business dune.
Wharves are easier B56 busines: done with sellers since offering st this rate. Shai Lands are easier @ T141 gellers with Luyers offering T1372, Buyers of Kelly & Walsh after quoting MSI2 steadily for several weeks have lowered their rate to MSI0 after declaration of final dividend. Anung Gieshounds, Aescen, after business at the improved rate of MEI6} in the muddle of save easier @ M316} sellers. Assocn. (Founders) have improved to MS30 business Sellers are offering SG.
HS11, which is the last price recorded for business UH, de Courses have improved to MS103 buyers. Buyers quotations for nearly all texeept S.M.C. Sterling Loan and issues nearing maturity) have been iswered 1 to 2) points owing to continued favourable sterling excuarge, and business has been done ut rates Lelow last week's quotations, London. quotations for Chinese Government loans and Railway tends show an, improven.ent on last week's prices cnd°the latest quotations cabled to us sre 3 follow: Chturse Gust. 9% Keury, Gold Lown 1913—B I. £83.
Mitate Price piuinetiog © Muiia Oe. Lo othe Powe afte Ole afer (om, BL.
Rhnitlive Pacute Ruttway Ca, Coiaméa 110121 (intone teacthun C0, Det. By tee Setiets
Tue tullowing business hus been recorded durin apt. Settlauent, 13tuck Exenange Oifiemd Stock Exebunge Unuttiewl: sether Business Reported uth, uth June tee Ayer Tawah Rubber Plantation Ca., Ltd—New Issue of Shares.—Directors have authorized a further issue of 68,010 ordinary shares at Tael 1 each, ranking in al respects pari pass with the present issued shares, to be offered st a premium of Tael 1 per share making together 72 per share, to Shareholders on the Registers of the Company on the 14th day of April, 1928, in the proportion of as nearly as may be one share for no less than every four shares held by each member at that date. No fractional shares will be issued.
'As stated in the Directors' circular to Shareholders dated February 27, 1928, the new capital thus raised, or such portion of ithas may be required, will be invested by the Company in taking no at par s further issue of shares in The Wilkinson Process Rubber Company, Ltd, Kuala Lumpur, FINS. now being offered for subseripfinn in Kuala Lumpur on July 15, 1928.
Forms of Acceptance and/or Letters of Renuncia~ tion and Nomination together with the necessary Te-pittance should be forwarded to the Hongkong Shanghai Banking Corporation, Shanghai, to be received by the Bank not later than July 5, 1928.
share certificate in the name of the acceptor will be issued in due course in exchange for Bank's receipt.
The Shell Transport & Trading Ca, Ltd—A dividend at the rate of 3/- per share free of income tax payable July 5, 1928, Bearer coupon to be presented No, The Shanghai Mutual Telephone Ca., Ltd—The 29th Abnusl General Meeting will be held at No. 24a Kiargse Road, Shanghai, on Tuesday, June 12, 1928, at To pay a dividend of Tis, 9.75 per share.
The Transfer Books will be clused frum June 1 to 12, 1928, both days inclusive.
The Shanghai Mutual Telephone Ca. Ltd—Issue of 400¥voU ut seven per cent. Debentures at Tls. 964 per ent. redeemable in 3-10 years.
Copies of the full prospectus and form of application can be seen of the Company, No. 24a and 248 Kiangse Road, Shanghai, or at the Hongkong and Shanghai Banking Corporation,
Text read from the printed page and cleaned; old type leaves the occasional error.