DAILY SHARE QUOTATIONS
·HONG KONG STOCK
EXCHANGE.
SHAREBROKERS....
ASSOCIATION.
Buyers Baller
March
MONDAY, SEPT. 26.
Buyers
Banks
H.K. Banks...... $1,95
Do. (London)...
Chartered Bank...
Mercantile Bk. A
Bank of East Asia... 8109
"0"
***
$1,005
21181
211
22
Est
Do.
B109
N. U. & 8. Barks
371
$28
Am O. Fle, Corpi M
#6
$1,00
Do
Pret.
Underwriters
++
$9.90
18
Union Insurances...
Chins Fires
$1,90H.K. Fires..
$660
International Assoo...
China Fin. Corp, Ord
Insurancss
$1,410 Canton Insurances....
-$2.95 $495
$23
$690
24.05
63/0
hipping.
Donglanca BIOME Steamboats......... Indos (prof.)1104|
Do. (def.) Sheil
Water-hoata
5142 14.80
ploration
T9.30 Shangbai Loans
$401 Raubs
Tronoh Mines
20 ote Benguet Explorations
Books, Wharves,
Godown, alo,
H.K. & K. WharvOR.
IM
T.90 Shanghai Docks ...
To
Now Engineeringe
T390 Hongkows ........................
Lands, Hotals, and
Buildings
H.K. Hotel (old)| #12.36 $12.46)
$11.30 $212
$751
194/60
$22
$13.85
Baise Womina
“29}"
#
*
$1,410
9497
$1,30
HONG KONG DAILY PRESS, TUESDAY, SEPTEMBER 27, 1932.
MONEY AND MARKETS
HONG KONG STOCK NEW YORK STOCK
MARKET.
YESTERDAY'S OFFICIAL
QUOTATIONS...
EXCHANGE.
A.O.F.C. QUOTATIONS.
Now York, Sept. 24-
Sept. Sept.
.93.
Despite its being the eve of Dow Jones Averages :— Settlement, markets yesterday con-
tinued to display renewed strength, and several issues were marked up. notably Healties, Telephones, Ropes and Watsons. The investment Rec. tion also is khowing an under- current of firmness.-
24. Change.
39 Industrials 73.09 74.83 01 up 20 Rails 38.92 30.95 73 up 20 Utilities. 32.74 33,43 .60 up.
Messrs. E. A. Fierce and Co. Report,
STABILISING. THE
YEN
FINANCE DEPARTMENT
ENQUIRES INTO
SEIYUKAI SCHEME.
NEW PAR PUZZLE,
IRISH FINANCIAL FIGURES
SUMS DUE TO U.K.
£1,761,000 OWING AT PRESENT
EMPIRE SHOP WINDOW
NEW USE FOR GAMAGES
London, Sept 6.-For maUF months since Gumagen (West Endy Ltd. closed the great shop it had built for itself at Marble Arch the- long line of shop windows has con- tinued by day and night to be a. centre of interest. More than one drapery firm from another neigh bourhood has taken the opportun- ity to all those shop windows with its most attractive wares, and the public bas never failed to be at- tracted.
The following notes on the Au ancial questions which have given rise to the so-called "economic war" between the United Kingdom and the Irish Free State are compiled by Reuter from authoritative Unit: od Kingdom information.
Although the Treaty giving the Tokyo, Sept. 10. The exchange equalisation fund system, advocat-Irish Free State the status of ed by Mr. Oguchi, a Seiyukai mem- Dominion was concluded in 1021 ber, in the recent Diet session, will it was not until 1925 that a com.
Now I hear that British Indu We think that a higher market materialise in the next ordinary prehensive financial agreement was tries House (Preliminary Ltd.) is indicated noxt week and would Rossion of the Diet, it is anticipat signed. This included a statement has arranged to acquire the whole favour the long side from the traded in many quarters. The Depart of the Free State's liability to pay building as a centre for the dis ment of Finance is now making the over to the British National Debt play and sales administration of ing standpoint.
Commissioners the land purchase British manufacturers and that it annuities which are being with is negotiating with prospective hold by Mr. de Valera at the pre- tenants. The plan is to group al- sont time on the ground that the lied industries together in separate agreement was reached behind the floors, using the basement for the backs of the Irish people by the display of furniture, the lower 'ground foor for household equip- British Treasury and Mr. Cosgrave who was head of the Free Statement, the Arst floor for textiles and! Government at that. time. There ware other balancing provisions not bearing directly on the current question, in addition to a supple mentary financial agreement con eluded later..
Business done: 1,300,000 shares. Last Sale. Sept. Sept.
24. 23. 201 $611
Anaconda Copper Min-
nteessary preparations,
The Finance authorities seem to consider that the realisation of the scheme depends largely on the atti- tude of the League of Nations on the Manchurian affair. For Japan, which does not possess overseas funds, it is difficult to adopt the 110) system unless the yon exchange -, show, an upward tendency. If the 838 Manchurian problem takes a bad turn in the Lougue of Nations, the yen is liable to be forood down to a very low level If however, the 30 League Assembly makes smooth pro
$24
Hales,
Bat-
BO-
34-
Hong Kong Bank, 81,810. Canton Insurances, 81,378,
Mining
Union Insurances, 8500.
$18
Benguets.....
12.90 Venezuela Gold Fide
$18
69,90
Hong Kong Lands, 875.
29/9
Kailans
931.
H.K Realties, 810).
T.#
(single)...
TA
T2.10
Tz
Hong Kong Trams, 899.
T.
China Lights (Old), $15.10.
Air Reduction
1401
Telephones (P.P.), 824.
16.6
F.K. Govt: Loans, 41 per cent.
Prem..
Allied Chemical and
Dyo
82
83
American Can '.......................
$141
Buyers.
American Telegraph &
Telephone
୪
114
Providents (old) ...
$4.90
$2,30
Do.
(new)...
$2.20
Hong Kong Bank, $1,605.
American
Tobacco
$95
H.K. & W. Books
"B"
#45
Union Insurnaces, 8407.
B10
£8
6. Chins Motors A
Do.
$10
"B"
$10
Underwriters, $2.85.
ing
14
1190
H.K. Steamboats, 829.
Auburn
87%
141 501
Tol
Union Waterboats, 6201.
Borden Company
31
+
Canadian Pacific
177
171
gresa,
Consolidated Gas of
New York
021
621
Druge, Inc.
481 451
Du Pont de Nemours 44
44}
Eastman Kodak
68
58)
General Electric
198
90
General Foods
301
31
General Motors International
181
18%
Harvester 27 International Tel. and
Tel. Lizzott
13
and Myers
"B"
648
001
Loew's Inc.
331
348
Pacific Gas and Elec
tric
321
32
Pennsylvania Railway, 914
211
Radio Corporation ... Sears Roebuck
10
101
23
251
Standard Oil Co. of
314 New Jersey Socony-Vacuum Corp. 108 Union Carbide and
32
Carbon
280
Union Pacifc ̈
United States Steel... 443 Westinghouse E. & M. 354
201 вод 454
36
**
Do.
(new)
€11.60
A.K. Landsca
$75
T.943
Shanghai Lopila
T.10
Metropolitan Lande..
10/10/15
H.K. Realties... $10
110.15 8.68/10.13
T11.40
China Do, .........
1.98
Do. Debentu.cs
$16
$18.80
$140
198
-$100
*NJ
Humphreys ******* Asia: Realtios"A"M
Do. "R"M
Chinese Estaion ..............
Ootton Milla
T14.16 Ewes T13.50
T.63 Shai Cottons.........
Ti1.10 Zoong Singa .........
Wing On Textiles(5.)
Pabllo Wilities
Trainways.........
TEL
T10.90
$145
$152
$21.00
822
...w
$18
Funk Trama (old) .....}
$151
18
Do (now).
$72.
Star Ferrics
$35
Yaumati Ferries (old)
Do.
(now!
China Lights (old)... $19
Do. (new)... 817
$751
H.K. Electrica $743
$75
124
Масло
до
112
Sandakan Lights ...
328- Telephones (fully pd.)
Tio.
26-
14/
1974 Maisbon Sugaru
T.14 Caldbock,
T.10 Macgregors prof.)
કર ઠાક
(part pd.)].23
Buzos MICH
Tractions
Do.
(prof.)......
Industrial
Jord
36
Canton Ives
$15.10
$157.20
$11
Do
$31
Cements (comb.)... $15
(old)... (a)
$15.20 $36.25
1.9 13
$12
Ropes
$121
$101
Ch: Agricultures Miscellaneous
$271 Bairy Farmin
$10
$13)
36.30
$1.40
10.35
$15
312
Der A Wing........
*Amusemente
Ch. Etainmente................ Constructions, (old)
(DOW)
-Do Lane Crawfords...
Mackintoshsa, Nauyang Tobacco Sinceres Watsony (old)
Do. (now)
$3.36 Wro. Powell
H. C. Enterprises ...
$10
M. Greyhounds...
United Theatres.......
***
65%.
B. Ind. G. Bonda...
$6.53
prem. H.K. Govt Lana... $10
$19.00 Wallace Barper
•
$10 China Sports Ltd...
$240 H.K. Wing On
***
&'haf
Do
2835 $215
17.30
50t
$1.1
$1.45
r
($16.80)
$13
LOCAL, AND REGULAR OUTWARD MAILS,
Janton
SUNDAYE & HOLIDAYS
H.K. K. Wharves,' 8142. Providents (Old),, 84.80.”. H.K. Hotels (Old), 812.35. H.K. Hotels New), #113, Hong Kong Lands, 875. B.K. Realtics, 810.40. Hong Kong Trams, $22. Star Ferries, 2011. Taumati Ferries (New), 834. China Lights (Old), 818... China Lights (New), 8171.
H.E. Electrics, `875). Telephones (P.P.), 8241. Cements (Combined), $15. Hong Kong Ropes, 812
Watsons (Old), 8127.
Lane, Crawforda. 85). United Theatres, Tls. 5.35. Constructions (Old), 80,30.
Bellera,
Douglases, $26. Hong Kong Landa, 875). Cementa (Comb), 815,10, H.K. Amusements, $10,
ENGLAND'S MEAT
SHARPLY
The United Kingdom Govern
and the exchange quotation ment holds that the land annuities stabilises at a point that reflects are debts owing by the Irish ten- the true strength of Japan's inter-ants to the British Treasury which national accounts, the equalisation advanced the money, and that the fund system will materialise with Free State Government has no right to retain them as is being done at out much difficulty.
the present time. There is quarrel with the Irish tenants who are paying over the Money to the Irish Free State Government in ac cordance with the original machin cry.
The Dlificulty.
no
The United Kingdom further.
To establish the system it is no- 231cessary first to determine the true valua of the pen. The exchange 14 stabilisation point by which is meant the level at which Japan should remove the gold embargo claims that it has had the most must be fixed at a point a little formal and explicit undertakings lower than the actual value. It is from the Free State in the past caningless to adopt the exchange that the annuities would be passed equalisation scheme, as advocated on without interruption: conse by Mr. Oguchi, without fting the quently, that in accordance with exchange stabilisation point. To ordinary Governmental practice the explain in a more concrete form, if payments should be made whatever 10 the real value of the yen is 930, administration is in power.
the new par must be at about 823.
Other annual payments between
It then becoincs necessary to fix the two countries are also now in
the scope of the exchange equalian-dispute. Following is the com tion fund aysian Mr. Takahashi, plete list giving, respectively, the Minister of Finance, and Mr. Hori-item, annual payment, number of And approximate kiri, Parliamentary Under Seere years to run
Land, purchase annuities; EMPIRE'S SMALL SHARE OF U.S. STOCK MARKET RISES tary of Financa, are not opposed capital value (`--
to the purchase of gold produced in SUPPLIES
Japan, to be held in the country, £2,060,000; The land purchase acts but the Seiyuki additionally de-do not specify the periods of pay- mands the purchase of foreign cur.ment of the ammuities, which de rency funds At present Japan pend on the rates at which the ships the bullion produced and Sinking Fund Payments accumu late. The average annuity would purchased hers. It is dubious if run for between 60 and 70 years Japan's international accounts will from the date of the correspond. improve to such an extent as willing advance, which would have been made at any time between 1891 and
The small share of the total im- ports of meat into the United! Kingdom at present enjoyed by Empire countries is brought out in the latest Survey of the Empire Marketing Board.
The Empire contains more than one-third of the world's sheep and 40 per cent. of its cattle, but only 4 per cent. of ita pigs.
NEW CONFIDENCE APPEARS IN BIG TRADING DAY IN
NEW YORK.,
enable har
har to buy foreign currency. 1033)ultanding in the Irish Free
Blow to Foreign Banks,
Now, York, Sept. 21.-Prices of securities on the New York stock and curb exchanges hounded up- ward today in the most marked advance for two weeks, and com- As regards the amount of gold bullion which the Government can There are imported 400,000 to modities followed suit,
Numerous stock market leaders buy each year ander the exchange 500,000 tons annually of chilled
seven points, equalisation fund scheme, the De beef. Mutton is imported to the gained from five to amount of 2,000,000 cwts, annually, cotton soared more than 82,60 apartment of Finance some time ago Foreiga imports of lamb have in- bale, wheat jumped 2 cents a obtained an approximate estimate creased and are now 32 per cent bushel and sugar was somewhat from miners. According to this es timate, the Government can buy up higher. of the total. They were 3 per
Stock exchange sales, for the day, 10,000 kawn or at par of exchange The New Zealand cent. th 1026; imports have increased, and are exocoded more than 4,000,000 shares, Y50,000,000. If Japan plans re- more than half of the total and all groups participated in the mosing the gold embargo within
-Imports of bacon from outaikla
dve or six years, she may in the meantime increase her gold holding by about Y300,000,000,
so on.
The Dominions, it is stated, would occupy space on the ground floor and the fine windows available in turn to exhibitors or groups in. all sections, could also be used for- special display weeks.
EXCHANGE.
CLOSING QUOTATIONS.
September 28, 1838... OX LONDON:-
Telegraphie Transfor..... 1/8} Bank Bills, on demand 1/3E Bank Billa, 4 months'
rightonna 1/4 Credits, 4 months'
might...
ON PARIS:
1/41:
Bank Bills, on demand 355 Credita, months' sight 615 Or NEW YORK
Bank Billa, on demand 21; Credits, 60 days' night. 24 ON BOMBAY :-
Telegraphic Transfor Bank, on demand D#: Caloutta :--:
Telegraphic Transfer. Bank, on demand ...
"
O
Bank, at sight'
BRANGHAT
ON YOKOHAMA :--
On demand.
1674
ON MARIA-On demand... 451
ON SINGAPORE:
On demand.............
ON BATATIA:-On demand; 671
O
HAIPHONG:
O
BAIGON: Ou duhand
On demand.
On Bandrox
On demand * 140 SorEERIGK, Bank's Buying
·Bata int
BAR SILVER, per a
174 17
AMERICAN ORIENTAL FINANCE CORPORATION
through its Agent
Asia Lands Limited
Gloucester Building
offers a
COMPLETE BROKERAGE
SERVICE
in
NEW YORK STOCKS
Fall and Oda. Lots of lated- Eseurities” bought and sold for ossh or carried on conservatīva margin.
Phone 28388. Cable: ASTALANDS
recover much
Unable to meet her whole
State of which these annuities are in repayment, was” about 289,500,000. Against this Sinking. Fund payments have accumulated Excess Stock and Bonus Stock to approximately $13,500,000, Annuity; £134,500; The period will correspond to that of the pay- ment of the land annuities (Bee above); The annuity represents about 18 per cent of the service of the Excess Stock and Bonus Block (about 230,000,000) attribut able to the Irish State.
Local Loans Funds; £600,000; 20 years from 1028; Louns ontetand- the Empire are increasing. They advance, with rails, steels, utili
ing in the Irish Free State on Warks Annuities (1) egraph average well over 400,000 tons an- ties, farm implements, and chemie
Fury 31, 1924 were £10,343,000
nually. Ninety per cent of the
Aots; £15,850 (diminishing to als especially spectacular. imports of bacon and ham were of
The Government will have to £1,000 in 1837); Until 1942; The foreign origin; 70 per cent, of the United States Steel cormon one (7.167.00am & bacon from Denmark and 80 per of the bell wethers, leaped 77/8 create special account in the capital debt on April 1, 1922, was demand, with domestic productida
2281,000 of which about 260,000 is
Germany imports a substantial (8.00 pm
17.00 p.. cent of the hams from the United points at the bury session to close State tresmiry. If the bullion is still outstanding. (2) Public Offices
States.ANA
at 45 Union, Pacifio railway 4.00 p
9,00 8.20.
Until 1983; The original capital European countries. Over a million cuts of canned soared 7 8/8 to 50, American Can bought at Y10 per momme, the Go Site (Dublin) Act, 1903, £13,300 quantity from Italy and other meat come in annually, 70 per cent rosa 63 points to finish at 571, and verument will sell to the Bank of advanced, was £235,000, and will be (8.15 am, &) (8,90 am, a
Left prae
from the Argentine and Uruguay American Telephone and Telegraph Japan at Y, the balance being completely repaid by the final pay tempted Japanese manufacturers, and 8 per cent, from the United surged upward 8 pointe from loaned at the Bank for account of ment in 1833. (3) Railways (Iro who have lest their China market, States Empire countries only yesterday's close and was quoted the squalisation scheme. The ques- land) Act, 1990, and Marine Worke to approach German merchants,
tion then arises na to the disposal (Ireland) Act, 1902, £6,060 (Dimin send 4 per cent.
at 110 when the session ended.
Raw sugar futures were firm, of such loans, The Finance authorishing); Until 1050; The origina The home farmer produces about half of the beef supplies and about two to five points higher, with rities consider it proper for the capital advanced was £552,000, of the Teikoku Rayon Company sent 48 per cent, of the mutton and 25,250 tons sold. Cotton rose from Bank of Japan to forego any which £28,106, in., 4. is outstand samples to Germany. These sam
55 to 60 points for future delivery terest as it is the Bank's mission to
ing.
ples were found, satisfactory; and While 5,000,000 cwts, of pork are September, wheat closed at 521 on increase the gold reserve. If, how- produced at home, the import the Chicago market, as compared to ever, the Bank of Japan insists on
trial orders for about 300 bazen 49 1/8 yesterday.
charging interest, the Government figure is more than double.
each were received for 120 denier With regard to Ireland it is stat The advance which started in will order the Bank to transfor its
and marser yarn. These shipments ed that nearly 30 per cent of the June and resulted in doubling and profit, through the re-valuation of
will be made, shortlyne total export trade of the Free tripling quoted prices of many thegold holding to the State trea State is provided by the trade in stock market leaders, reached-its, sury DANA
German product costs Y125 for live cattle, which is conducted a high point on Sept. 8 and since When the exchange, equalisation
üler): but, fa most solely with the United King the market has been slowly but scheme is adopted, it will become donu"
steadily declining, with one rally necessary to exercise complete con Japanese rayon manufacturers turers,, after paying
ceded in ening & During the
áltyfod 10/
trol of the exchange business. For have now suc
icnlarly can supply it-at-about £14,000,000 Fara credited for to-day's rise that purpose it is suggested that, the market. It
were mostly of a minor character, Department of Finance should Germany
#pari
market The Free State is also shown as the advance being largely a refied that all exchange transactions are can establi
there'
Sven does not the second lexporting country of tion of renewed optimiem regard., confined to the Bank of Japan
Japan Ukron
Prusinned as feet of mass.columa.) orders. pigs.
ing the business outlook,
WEEE DAYS.
FUR
FROM G.P.O.
FROM BHRINGWAM
·DMANÓN P,0.).
FRON G.P.O.
FAOK SHRUNGWAN BRAKONE
PO
Bamshui and Wuchow (By)
direct steamer)
(7.18 ..&{ 7.00 130, {6.00 pad
17.00 pm
4,00 p.m. 4.00 $200,
[ 7,15 am, &) ƒ 7,80 Km 21.18 p.m.
Bundays
5.00 pm.
1.80 p.m.
6,00 pm.
6.00 p.m.
8.30 only 6.00 patie
- 6:00 p.m..
7.15 an
|: 11,00 am).
9,00 m,
Mano & Trinaban
ር!
Xongmoon (ezorpt Satur taya) Kaukong (accept Eaturdays).
Fatehan and Wuchów
Train)
Tal Po
Shamchun
Cheungehov
17.15 m.pl/1
∙1,00-p €9,00 am. à † 2.00 pm. 19.00 mm. & 18.00 pm,
1,00p.m. & 16.00 p.m.
1,000 -12.30 p.m. “8.30 #05)*
·8,00 paste
400 PDB
Bandays 8.16 am. only 5.00 PR
11.00 20: (11,000. 15.00 pm.
8,00 m 11.00
10:30 8.01.
ماكتم 1.90)
-per-ann
NEW RAYON MARKET
JAPANESE MANUFACTURERS GET GERMAN ORDERS.
are
This fact
The Toyo Rayon Company and
duty
oonident they can
apas
they
more