The Archive · 1928

J. P. BISSET &

The local share market has been steady but quiet throughout the week with some stocks a little firmer. The raw rubber markets have been quiet and steady during the week with spot prices fluctuating in London between 8d. and 83d. in New York between 16? cts. snd 17 ets. and in Singapore between 273 cts. and 283 cts. (See, below). A substantial decrease (2,126 fons), 1u London stocks should Lo noticed. Buyers' quotations for local rubber shares show a marked improvement during the week, and sellers are not much in evidence, and at the close this market is steady but quiet. Miscellaneous shares (other than Rubbers) are generally in steady demand, and the following changes are noteworthy, via:—Langkats (Combined) have been transacted for cash at the reduced rate of Tls. 12.25; and correspondingly, Langkats (Single) have been transacted at Tls. 6 cash with buyers still offering, Shangkoi Loans have been transacted at Tls. $50 cash buyers later offering Tls. 2.40, and, Explorations are in steady demand at T! Ewo (Ord.) are easier at Tis, 838 cash and Tls. 845 June business done, closing quotations being Tis. '820 buyers and Tls. 8.40 sellers. Ewo (Pref.) have been done at Tls. 96 cash, buyers since offering Tls. 97. Insvrence shares continue in steady demand, with business reported in Yangtze at M.S50, buyers since offering this rate with sellers at $524. Unions are steady at HS30 buyers with business done at H.$3i2 and HS$341, Omnibus are wanted' at the improved rate of Tls. 7.90, sellers offering at Tls. 825. Shanghai Docks have been receiving a good deal of attention and reported cash transactions have improved from Tls. 105 to Tls. 110, with business for June at Tls. 110. Shangha' & Hongkew Wharves have improved to Tls. 167 buyers. Shanghai Lands opened to-day at Tls. 1413 buyers-and Tls. 143 sellers, with: business later reported at Tls. 142.

All local debentures are in firm demand at rates generally showing' substantial improvements on last week's quotations. Closing prices for S. M. C. debentures are:

per cent. issues M.$103} and Tls. 104; 7 per cent. issues Tls. ¥92; 6 per cent. issues Tls. 90; 54 per cent. issues Tls. 8 London quotations' for Chinese Government loans and Railway bonds have again been easier during the week and the latest quotations cabled to us are as follows:—Chinese Govt. 5% Reorg. Gold Loan 1913—B.L....°... £80. 0. 0 Buyets

Text read from the printed page and cleaned; old type leaves the occasional error.

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