HONG
HỒNG KÔNG ĐAUY PRESS FRIDAY SEPTEMBER 23, 1932.
MONEY AND MARKETS
KONG STOCK NEW YORK STOCK SINGAPORE STOCKS. MARKET.
YESTERDAY'S OFFICIAL
QUOTATIONS.
EXCHANGE.
A.O.F.C. QUOTATIONS.
The attention of the market Dow Jones Averages:- yesterday was again chiefly concen-
trated on the lower-priced issues,
New York, Sept. 21.
Sept. Sopt.
20.
and dealings were effected in Lights, 3 Industrials $7.40 Hotele and Cements at enhanced Rails 32.48
21. Change. 75.16 7.07 up 30.22 3.74 up
Sales.
ratës. ---
Hong Kong Bank, $1,002). HK. and W. Docks, 975.
Hong Kong Lands: 873. Evo Cottons, TIs. 14.1
China Lights (Old), $17,40/17}, Hong Kong Electrics, 875. Cements (Combined) $14.35/14.40 Sidreres. 13.30/75,40,
Buyers.
Hong Kong Bank, 81805. Union Insurances, $300, Underwritere, 82.93. International Assce. Tls.4. H.K. Steamboats, $221. Union Waterboate, $201. Benguet Consolidated, $18. H.K. and K. Wharves, 8142. Providents (Old), 81.5%, H.K. Hotels Old), 811.80. H.K. Hotels (New), 811,
Hong Kong Lands, 874).
Hong Kong Realties, 88.90.
Kwo Cottons, TIs.14.10.
Wing On Textiles (S'hai), 8150.
Hong Kong Trams, $21.00.
Star Ferries, 871.
China Lights (Old), 8174.
China Lights (New), 817. Hong Kong Electrics, 874. Cements (Combined), Lane, Crawfords, 83). United Theatres, TIB.5.25.
20 Utilities... 29.42 33.01 3.50 up
*
Messta. E A. Pierce and Go,
Report.
The strength of the market to- day, we think, is convincing enough to warrant the maintenant of long positions in expectation of higher, prices.
Business done: 4,300,000 shares.
Last Sale.
20. 21.
260
Air Reduction
8011
Allied Chemical and
Dya
74)
American Co
-50)
831 ***
American Telegraph &
Telephone
108)*
1101
Tobacco
781
American
"B"
Anaconda Copper Min-
ing
Auburn
Borden Company
Canadiari Pacific
Consolidated Gas of
LONDON EXCHANGE Pacific Gas and Elec-
28
FRASER & CO:'S WEEKLY
REPORT.
Messrs. Fraser and Co., Singa pore, in their weekly report, dated September 14, state-
UNITED STATES SILK LANCASHIRE
MARKET.
FUTURE VIEWED
OPTIMISTICALLY.
DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE
SHAREBROKERS ASSOCIATION.
COTTON STRIKE
SETBACK TO SETTLEMENT
NEGOTIATIONS
Bayeth killern
Bales Nininal
THURSDAY, SEPT. 22,
Buyer
Kallure
Baise
(THROUGH REUTER'S AGENCY]
$1,095
£118
223
5100
198
+
ست
New York Aug. 19-Weakness on the gen exchange had a depresi sing effect on raw silk quotatione in the New York market at the be
Loxton, Sept. 92. ginning of this week but latterly FAILURE to find a solution to the the yen hardened somewhat and prices resumed their upward march once more.
Dealers continue to view the fu
ture optimistically; deliveries to mills are increasing and the abort. age of wanted grades of silk is be
acute. Stocks of
wager question has resulted in a setback to the Lancashire cotton dispute prácé negotiations,
lock with a gap of eightpence he The position is now one of doad-
tween
the reduction which the operatives are prepared to concede and that demanded by the an ployera.
Since our last report a change of sentiment in New York and a gen oral weakening of all share and commodity prices has resulted in a distinctly easier feeling in all see tions of the local share market. coming more Tin, under the influence of profit, coming more naute. Stocks of conTBE isking and a feeling of uneasiness denier raw silk are extremely small ab to the statistical position, has sought after, the technical position
There is now no prospect of the had a sharp setback and the clos of the commodity is strong. Sel-strike ending this wock, as had ing quotation of £151.10.0 for the ors are not able to promise deli- been hoped. three months' position represents a very before September in dealing of £0.15.0 over the week. cases and with arrivals of new silk Tin share quotations are appreci- in Japanese markets estimated ably lower all round and although about 20 per cent, under last years, a fair business has been passing the shortage of 20/22a; seems like among the cheaper counters, buyers ly to continue.
Mills Working Full Time.
most
The brondsilk situation is satis
meet
at the close aro inclined to hold off for lower prices. Rubber fing been dn irregular, market throughout the week and, in sympathy with all factory, Many mills are now work, other commodities, shows a marking on full time whilst others have od decline in value. Local confi recalled discharged employees and 80dence in the recent rise never ap- granted rises on the strength of peared very strong and at the first the greatly increased business. sign of weakness, sellers became Some of the smaller mills stated very much in evidence. Stocks in that they are finding it impossible 31 the United Kingdom are quoted at to increase production to
103,296 tons, a decline of 779 tons demand on account of the difficulty over the week. Rubber inres have of obtaining adequate supplies of reacted in sympathy and the busi the raw materials. ness passing has been on à restricti 421ed scale. The Industrial market has been quiet and although the majority of quotations are more or that of the previous week, The re- less unchanged, buying enquiries cent price advance has made bay. have fallen off and the tone of the ers hesitant:
many of them market generally is a little easier, frankly, sceptical of the power of 28 There is still in unsatisfied demand raw silk to maintain its advance and they are hoping to buy silk fabrics again at the old level. Ro tailers report that the consumer response to the showings of the how Autumn lines lias been most encouraging.
for all issues of Local Loans,
Mining and Rubbers-Kuchais, After business up to 61 cta. have eased down to 54 efs, while Kinta Tin Dredges close at 98 ète, and Sungei Lude 08 ets. Malaya Con solidateds have been taken up to
New York
571
Drugs, Inc.
41
Du Pont de Nemours
37%
Eastman Kodak......
531
Gehorat Electric
17}
14.40.
General Foods
20
32
Gcheral Motors
15
183
International
Sellers,
Hong Kong Realties, 30.10. H.K. Amusementa, 810).
Harvester. 231* International Tel. and
Tel.
10}
Liggett and Myers
B'
,00€
Locw's Inc.
31
131
847 34)
tric
30
32
RATES
Pennsylvania Railway 18
Radio Corporation.
8/
Seara Rochuck
211
TUNITISH WIRELEST BELVICE]
203 103 243
Standard Oil Co. of
New Jersey
31
331
Rugby, Sept. 21.
Sacony-Vacuum Corp. 10
10
Paris
88 9,32
Union Carbide and
New York
2401
Carbon
241
281
3.801
Union Pacific
Tet
80
small enquiry at 81.70 and a bid
24 20/32
17.941
United States Steel... 37 Westinghouse E. & M. 31
45)
8.61
* Ex, dividend
07%
14 17/32 10.50
19 8/37 10%
In the past week or so, however, the piece-goods business had not expanded much in volume
from
are
12.65
8:00
Banks
H.K. Baoks. $1,280|
Do. (London)...
£137 Chartered Banks
-$6.00
Mercantile Bzs. “A”
Da
Bank of East Asia. 8:08
N. 0. & S. Banks
Am.0. Fin, Corp!
China Fin. Corp, Urd.
Doc
Insurances
$1,410 Chaton Insurances..
Underwriter
Union InsuraNOSE ........
International Amos..
Pref.
IIT
$1,410
9497
#830
$1,9.0+
**
*630
China Fires
$1,20 H.K. Fires
Shipping
$20
Douglases pe
1921
Steamboats
346
Indos (prer.)
+32
Do. (det.j
03-9
Shelli
857- 80%+
$201
Water-bost
02/0
Mining
$21
$18
Benguete
JAPANESE STEEL PRICES.
Solné Venezuela Gold Fila,
Kailans 28/9
(single)...
GOVERNMENT RELIEF MEA- SURES HAVE THEIR EFFECT
$4.65
improvement is discernible in the
Tokyo, Sept. 10.-A remarkable $142 steel market. The Government re lief measures which will require at least 200,000 tons of steel material are the direct incentive. Another stimulus is a favourable economic
turn in the United States and the
consequent rise of steel pritës' in
Europe:
The Kwanto Steel Hatorial Sales Guild has raised its official quota-
1:
12.10 Exploration 72.30 Shanghai Lashe
Trodoh Mires...
10 cls Benguet Explorations
"Docks, WharVOL,
Godowns, etc.
PATH IT⠀
$18 $2.40-
TA
T.1 $40.
16,6
H.R. & K. Wharre. $14!
5426
Providente (old
$2:35
(new)
$2.90
$25
H.K. & W. Lock
*25
10
$10
$8
010
1.99
N
B. China Motora“,
Dos.
TShanghai Docka
New Engineerings
Tot
Tysu Hongkow
į Landa, Hotels, ind
Buildings
A.K. Hotela (old) | $11.65] $11.76
Do
Metropolitan Láda...
H.K. Realties.
ALF
+
#1155
$11.35
F10.80
(now)
375
H.K. Lands
10.80%, 90
1.24
Shanghai Lands
$742 | 8768
1.10
30.16
T11.40 China Do. **
11.004
Do Debentures
$16
Humphreys
$140
Asis Realties “A”M}
128.
$160
Chinese Estate.......
Cotton Mil
T.H
EwOn
£13,90|T14.10
T.631 Sini Cottons..........
T.GL
THOYO
tien for round bars basic size by Y10 to Yo per ton. All members have already received orders for three times their capacity, and therefore will not take any orders Other after the end of this week. sales guilds are also raising their $10 quotations.
Medium angles which quoted last month now cost Yes. Round bark
Do. "B"M
T11.10 Zoong Singel!
Wing On Textiles(8.)]
Publio Utilit
Poak Trame (old) ....
Star Forrice
(new)...
136) | Yaumati F'erries(old), 334
Do.
China Lights (old) BET
$81.90
Tramways
$16
· DA
#91
4817
$17.40
millimetre size have also been boosted from T50 to Y61. The plate section is also active. Thick plates $10 Bearish operations entised silk have advanced Y4 to Y5, and buy: 1744 13 cts, and Johans 20 ets Pena futures on the Silk Exchange toers have to pay Y78 to Y70 per wats have been an active counter decline though latterly the market ton. Bleck sheets have jumped by from 60 cts, down to 81 cts, and presented a steadier appearance. Yes to Y100. Medium plates have dealings have passed in Rahman The turnover was smaller, amount also soared Y30, and although the Hydraulics at 65 cts, Ulu Klangsing to 3,320 bales, as compared Sales Guild publishes its official
81 cts. and Petalings 84.40 with with 14,440 bales for the preceding quotation, at Y98, business is done further sellers Sungei Ways have weeks.-Router.
at Y130.
At 83 exchange, import prices
Macao do
$15.80
8162
9.
IB
$161
$749
$26
(nów.
Do
(new)...
B.K. Electrica...
12
1
Sandakan Liglita
$28
Telephones (Fally pd.)
3.3
Do.
10
(part pd.) Bunny
Tractions int
14).
Do (pret.)......
Industrials
127
Malabon Bugars
Tua
Caldbeck, (ord.)
To
Macgregors prefa
Canton Ives P
Cements (comb.)... $10
Slu
Do
̧(old).....
· 331
$12
$271
| #19)
*6.30
$13, Ch. Etainment......
$140
Do.
Kopes
Miscellaneous
Dairy Farma
Der & Wing nation Amusemente
ཟབ*མན
(now)...
13
$19
Ch: Agricultures ...)
$27.30
$131
Constructions, told
Do. Lane Crawfords...
38,60
fnew
$1.45
3:40
Mackintosh
Nanyang Tobacco...
Watsons (old)
Lo.
Powells
M. Greyhounds...
Enterprises...
13.30/40
319.
$12.
$8135
W
$10
Unital Theat
607.
B. Ind. G. Bonds.
634%
Dreni. 117.
H., Gork, Loans... $1081
$12.00 Wallace berper
310
zio
BK. Wing On ... S'hai
China Sporta itd...
DV
SIA,BO
$13
124 13.30
Montreal
Brussels
Geneva Amsterdam Milan... Berlin ... Stockholm Copenhagen
20 Noin.
Ogla
Vienna
Prague
117
Helsingfors
Madrid
2197 42 3/10
Lithon
110
582)
1
Athens
Bucharest
Belgrado j
Rio
Buenos Aires
Montevideo
Bombay
5873 (1)
225
5 3/16 Nom. Nominal
30 Nom.
1/0.0/39
Shanghai
1/00
Hong Kong
1/4
Yokohama
1/42
Silver (Spot)
17 11/18
Silver (Forward)
-1713/18 -
RUBBER'S BRIGHT FUTURE.
FM.S. CHIEF SECRETARY'S OPTIMISM.
Port Dickson, September 16-- In this modern mechanised world of burs the uses of rubber are so mauy and so. absolutely essential that to despair of the rubber in- dustry is nothing less than to des pair of the future of civilication
is wanted for a parcel of lang 351 Rivers. Ayer Hitams have been placed at 12/6 with further shares available, while Pungahs have buyers at 110, Puchongs 3/0 and Takuapas at 8/3 or near. Bids are wanted for Pahang Consolidatedé, Pangnga Rivers, Kamuntings and Idris Hydraulics Rubber shares
SILK FACTORY FOR PAISLEY.
SCOTTISH GIRLS TO BE TRAIN- ED IN WORK.
are Ye for round bare basic size, $143 Y88 for Joista, Y85.50 for Angica and Yo8 for Plates basic size. market There are signs of the aiming at these import prices. improve they were all quite certain. In his opinion, planters would then
It is now generally held in the be glad that they had boldly sum
market that prices have already through the waters of the slump
Ecen bottom, and as the stock in London, September 14-Paisley, the open market is unaided and unencumbered by the ure easier with only a small busi- Scotland, which hitherto has been dwindling, the outlook is viewed gradually so-called lifebelt of artificial restric-ness passing, Tapahs have been famous for the manufacture of with optimism. tion.
Big iron and placed at 43 ets, and Mentakabs shawls, is soon to produce goods scrap iron prices have since ad- After referring to the difficulties have changed hunds in fair quant of pure silk as well. ander which planters had been ity round 13 ets. Pajamas are want
vanced to Y30 and Yet, respective- working during the last twelve ed at 65 cta, Allenbys 46 ets., Jeram manufacturer, Mr. Marks Scheffer, sharp recovery
Viennese silk ly so that in spite of the above. months. Mr. Caldecott said that the Kuantans 22) ets, and Kedahs 81.10, has decided upon the establishment manufacturers cannot expect much
in prices, steel 15,36 European staff of the Government Now Scudain have been placed of a
pure silk factory there. He proft.-J had decreased by 180 since July, down to 69 ets. with further sellera, chose Paisley for the site for the
Japan Chronicle. 1930, and he added significantly
At the close the market is a sellers works which he wishes to erect only that the report of the Retrenchinent
one for both Tin and Rubber shared after twelve month Careful, inves- Commission had still to come.
Industrials-Straits Traders are tiĝation of il almber of different
towns throughout Great Britain
Feeling references were made, by
Mr. Caldecott and the charman of a turn easier in the market and the society. Mr. C. Foother, to the after business at 828.25 offer at the death of the former chairman, the Hon Mr. J. S. Arter, and the meet close at $20.00. Straits Steamships ing stood in silence as a tribute to his memory.
Ahout eo members were present and also the British Residents of Negri Sembilan and Selangor and the Controller of Labour,
AMERICAN ORIENTAL FINANCE CORPORATION
A COMPLETE
SERVICE
A complete brokerage service.
of New drk Sto
This remark was made by the Hon. Mr. A. Caldecott, the Chief Agent Secretary, FM8, in opening the anual conference of the Incor porated Society of Planters st-Part Dickson Club this morning.
Mr. Caldecott went on to say that it was impossible to hazard a guess as to when, world conditiona would improve, but that they would (Liontinued at Toát of next calumi,
Asia Lands Limited
201
Gloncaiter Building.
Daily Quotations sent
upon requ
The
well-known
EXCHANGE.
CLOSING QUOTATIONS.
Lopo-
September 29, 1934,
Telegraphic Tranifor... 1/37"- Bank Billa, on demand 1/34 Bank Bill 'softhứ.
Credits,
might
On Pani?—
*
་ months
1/43
Bank Bills, on demand be g Orodita, 4 months' sight 8.6 NEW YORK: Biak Billy, on demand 22] Credits, 60 days' sight. "Vej OK BOMBAT:-
Telegrapho Tranifer Bank on demand... On Gazduità:
LOCAR AND REGULAR UUTWARD MAILS.
WEER DAYS,
FROK 0.1.0.
Fox G.RO.
SUNDAYS & HOLIDAZO
Fac BENUMOWAN
Baiko
Brañou P.O,
7.15 am, & l'ƒ7,00 któr
7.00 p
[ 7;ika,ti, &} } 7.00 sát, és
16.00 pixe
17.00 pm.
Famabai and Wachow (By}|| 4.00 p.m.
2.00 p
4.00 pm.
9,00
direct stemmer)
180 pa
$7.16 m.
730KG
Bandays
Macno & Tuusban
1.16 ..
21,80 p.
8.15 am. only
Lonly
Tongmoon (ritept Bataranya}} Kauteng (except Baturdays),
Fatahan and Wachow ''Train)'
6.00 1,80,
-6.00 pm;
·6.00p.m
8,00 pin,
"0.00 putts.
0,00 já.
7.13.
Táo
11.00 km
On demand BbF HART.--On demand.... 433
+ON 'SINGAFÓRM †IG
*On diesand diam
$8.00 - }9,00m, 41
18.00
Cheungshow
14.00 p
& 6.00p.m.
Boa
12.80 p
8,30
139,30 An
10.30 in
7,00
It is believed that he intends to introduce & aniber of skilled foreign workers, who will teach the have been an active counter with local Beotch girls how to make silk business up to 812.85 and further goods." buyers, while Singapore Cold Stor- mina tuk vind ages after dealings. round £3.10
at £10.16.6, Preference shares con- have further sellers at the price. tinus in good, demand, Fraser and Hammers are wanted at 8170.00 Neaves changing hands at 87.07, with sollera asking $175.00 and at which price further phares, can Fraser and Neaves can be placed be placed. United Engineers are O wanted at $11.26, Alexandra Bricks||| at $8.75 cum the dividend of 25 at 98 cts and Consolidated Tin þóta just declared. United En. Smokers at 18/9 with sellers of the ginoórs changed hands at 80.00, last named at 10/9. London Middle Prices by today's cable are as fol- while Wearned are enquired for at lowe: Shell Transports £2.10.0, 25.00 and Gammons $1.12) Hong|British-American Tobaccos £4,11.3, Kõik Banks have made 8055.00 98 Kong Banks £116.10:01 Dun-O A more shares can be placed 10.0, Courtaulda 21.12.0, Imperi- O YoxoMANA
Popa 17/9, Imperial Tobaccos Bank, at sight... the figure. A small parcel of Chemicals £1.0.3 and Unilevers Thornycrofta fetched. 00 cts, and
$1.10.6. bida are wanted for Maynards, Malyan Breweries and Singapore
Dividends, Traction Ord Among Insurance Fraser and Nhave Ords: Divi- phires, South British are enquireddend, 28 cts, int., Total for your, Ou Bitkyia:-On demand. 871 fht at 821.50 And Great Eastern to date, 25 ote Year Enday Deo, OR-HAIP*018 1 Life at 800.00, while Union In-81, Date Payable, 20.0.39, Bookɛ!! On demand BUTante Society of Canton have close, 26/30 Sept. 22
ON BAXGỒM:--On demand $86 coms to business at 8477.00 (Hong] "Malayán Tin:· Dividend, & per O# BANGKOK FA Kong - Currency) with further cont. Int. Total for year to daze, O demand in sutres wanted, Comtnercial Union 17; per dent; Year Ends. Tuña do Bovillası, Bank "Bayin” Sh Asurance, have had further dealings [Date Fáysilo.” 21:0.32; Booky član, (Continued at foot of neit column,} 7/9/82, •
Telegraplio Transfer (078 BAGUA
Bank on denial d
[W]
Balkem
Đạn Bilynu pôr G HAM, 1/7 11:16 Kamian, Brokki á Tijing i
7.15 1.10.
1:00.
9,00 8.3 11.00 71100
T
11.00
7,00pm