Greyhound Racing shares have absorbed the main interest in the local share market during the past week, with considerable appreciation in values and large amount of business
business done, with buyers offering M$20 at the close; G'hound Racing (Founders) from M45 to M.$773 business done; French Race Course (Ord.) from M$115 to M$140, with business done to-day @ M.$155 (cum Founders). S.1.G.S. have improved from M.$133 to M.$16 business done, these prices being cum new issue (8,000 shares of M.$10 each to be issued at a premium of M.$2i, making M.$123 in all, one new share for five old).
Prices for raw rubber (see below) continue very steady at about the same level of prices as last week. A further reduction in London stocks (1,498 tons) is reported. Quotations for local rubber shares have remained steady with practically no changes since last week. Transactions recorded are few in number with rates generally unchanged.
Miscellaneous shares (other than Rubbers) have been neglected, but the following changes are noteworthy, viz:—Langkats (Comb) are easier @ 711.50 business done; also Shanghai Explorations are easier @: T2.50 business done. Ewo (Ord.) have been transacted at.easier June rates, from 78.60 to $8.45. Union Insurance have improved to Hongkong $333 buyers. The demand for Omnibus continues at ¥9.50, with business done at this price.
Shanghai Docks are easier @ 7107.50 June business done. Trams (Bearer) have improved to F15 business done.
The debenture market is quiet and weak, with an inconsiderable volume of business. of 68,010 ordinary shares at Tael 1 each, ranking in al respects pari pass with the present issued shares, to be offered at a premium of Tael 1 per share making together ¥2 per share, to Shareholders on the Registers proportion of as nearly as may be one share for no less Than every four shares held by each member at that Gate. 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 up at par a further issue of Shares in The Wilkinson Process Rubber Company. Ltd. Kuala Lumpur, F.MS., now being offered for subscription in Kuala Lumpur on July 15, 1928.
Forms of Acceptance and/or Letters of Renuncis tion and Nomination together with the necessary pittance should be forwarded to the Hongkong Shanghai Banking Corporation, Shanghai, to be received by the Bank not later than July 5, 1928.
A 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, Chinese Government loans and Railway bonds continue steady and the latest cabled quotations received are as follewsi-—
Chinese Govt. 5% Reorg. Gold Loan 1913—Brit. I....
£63.
7. 6 Middle Price 1 4 Cum BIBS mon 62. 10. OSeles Lane, Crawford & Ca, Ltd—The Annual, Gereral Meeting will be held at No. 9a Nanking Road, Shanghai, on Friday, June 29, 1928, at 5.30 p.m.
The Tranfer Books will be closed from June 15 to 29, 1928, both days inclusive.
Shanghai Electric Construction Gula Kuhunpong Rubber Estate Ltd British: American Totacco Ca., Batu Tiga Rubber Ca.
62 10.0, 2 0. 9 Buyers 1. 11, 10 Middle Price 5. 10. 7} Buyers cee tee nee 1. 9 0 Middle Price The Sungala Rubber Estate, Ltd—The 13th Annual General Meeting will be held at No, 9 Foochow Rosd, Shanghai, on Monday, June 25, 1928, at 4.45 p.m.
To pay a final dividend of 7% per share.
The Transfer Books will be closed from June 18 to 25, 1926, both days inclusive.
The following business has been recorded during the week:—
(Sept. Settlement; stock Exchange Octal Stock Exctunge UnoMetal;; sether Buslacee Reported se july Settlement.) roth esth ath Seth thet 22nd 8. Moutrie & Ca, Lid—The 29th Annual General Meeting will be held at No, 37 Nanking Road, Shanghai, on Monday, June 25, 1928, at noon.
The Transfer Books will be closed from June 18 to 25, 1928, both days inclusive.
Text read from the printed page and cleaned; old type leaves the occasional error.