DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE..
Bayern Ballace
امدادو
SHAREBROKERS ASSOCIATION.
MONDAY. OCT. 3.
Buy or Sellers
Balsomin
Banks
H.K. Banks
Insurances
$1,375 Canton Insurances.
HONG KONG DAILY PRESS, TUESDAY, OCTOBER 4, 1932,
MONEY AND
HONG KONG STOCK ANOTHER
MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
The market opened yesterday: morning somewhat less firm than ut the close of last week, and rates $1,410 generally were a shade lower.
$1,605
$1,005
£113)
£14
Do (London) .....] Chartered Banks....
£141
Esat
Mercantile Bts. "A"
£11
Do.
191
$100
Bank of
of East Asia... $108
N. U. & S. Barks
$71
$28
Am. O. Fin.Corp:
M
China
Fin. Corp. ed.
Do
Fret
$2.95 610
Pa
Underwriters
$3
| 519)/6|10|
Union InsuranOOM 191
3305
-620
China Firos
$870
$20
H.K, Firas
$1,250
14.05
International Assco..
Skipping
$20
Douglases
$93
Steamboats
345
Indos (prof.)
$32
Do.
Bifv
Shell
Water-hosta
27/0 1.3
T2.101
T
$40
***
20 cta
141
(single)...
1907
IN
$.91
Mining
Benguets...........
2. Venezuela Gold Flds, $2,90
T.5/
Kailans
Loana.
Tronoh Minow Benguet Explorations
Docks, Wharves,
Godowns, ste.
B.K. & K. Wharves
Providents (old). ...| 35
UI.K. & W. Dooks...
S. Chios Motors' A'
Shanghai Docks
New Engineeringa
T110) Hongkowa *-*.......iny|
Landa, Hotels, and
Balldings
F.K. Hotel (old) | $12.30
3145
$15.30
$78
THI
$9.30
+
120
$10
$8
1.80
$12.10
L
The
Do
Do.
(now)...
"B"
Shanghai Landa
Metropolitan Lands..]
$10.40 H.K. iscalties......... $10
រីម៉ន់ ៖ដឹង ន
$401
38.10
$2.90
$10
Tit
$11.80
Do.
(new)
H.K. Lands...]
$76
731
T.10
$10
(T11,40] China Do.
+
|€,96|||
Do. Debentu es
$15
Humphreys
$15.80
$140
Asia Realtios
M
$28
Chinem Exiatės .....
T14.05]
TH
1.64 T1000 $145
#151
#35)
$18
$22
T.143
$100
Do.
Cotton Mill
Eway S'hai Cotton»«»»»<<
Zoung Binger Wing On Textilos{8.)
Public Utili
Tramways.......... Poak Trams (old) ........
Do.
(new)...
Star Ferries... Yanmali Ferries(old)
(now, 1841 #341 Chias Lights (old)... $18.20
(DOW)...
Do
Do
H.K. Blogtrica
Sandakan Lights ...
125 Telophones (old) ......
T.65
[TH $140
$22.10
$10.65
1911
126
834
$18.30
IN
$17.9
894
312
Macao do.
Traction.............
T.10 Macgregor pref.)
$26
$70
www
SAL
$28)
Do.
(now)
3273.
7.10
China Buss*********
2.
14/
Da. (prof.)-9--|
Industrialk
1971
Malabon Sugaru
T.14
Callback,
(ord.)
50
Canton Ico
115
Cements (comb.)... 314.84
$14.95
STE
Do.
(old)...
$19
#31
Do, ' (new)...
13
Ropes
134
$13.00
$10
Chi Agricultures .......
19710
Dairy Farms
#974
$27.60
Der A Wings....
ex div $171
$18
$131
Ch. E'tainments...... $I
வக
$6.70 31.45
Constructions, (old) $
(now)
$1.45
361
Lane Crawfords...... $
921
+13
#1..76
$13
312
$13
+
$123
$12
$3.36
$10
**
$12.50
...
Miscellaneous
Amusements ......
$235 $215
$3.30
60%
1012
The volume of business during
Sales,
MARKETS
CONVERTION
OFFER
N.S. WALES 51% STOCKS
(THROUGH REUTER'S AGENCY.]
LONDON, Oct. 3.
BIG ORDER FOR SHEFFIELD
TEN MILLION RAZOR BLADES
London, Sept. 10-A Sheffield firm yesterday booked an order for 10,000,000 safety razor blades. This is the third similar order within 10 months, and it is thought prob able that it constitutes a record in the razor blade industry in this
the day was of small proportions:AN offer to couvert £12,000,000 of
New South Wales Five and, three-quarters per cent. Stocks, country. falling due for repayment on November 1, into Commonwealth Three and a half per want. Stock, at 7), is expected early this week.
Do.
Mackintoahs
Nanyang Tobacco...
#18.35 Sinceros
Watsons (old)
Do. (ROW)
Wa. Powells.....
M. Greyhounds.....
39. 0; Entoprises ...
081.
prem-41*,
United Theatres.......
B. Ind. G. Bonds... T.K. Gort. LonoN....
Wallaco Harper .... China Sporta Ltd 8240 B.K. Wing Ou
S'hi Do.
LOCAL, AND REGULAR OUTWARD MAILS,
WEEK DAYS, SUNDAYS & HOLIDAYS
6.00 p.m.
YAOx SERUMIWÁM BILNOM -P.O.
57.25 am. J 7:00 am. de
7,00 patie
Į 5,00 p.21..
9,00 4.00 pt (8.25 m,&] [990 pic &
1.15 pe Bundays 816 m. 8.30
5.00 р.
Chaton
FUE
From Q.ED.
FROM ŠKIUNOWAN
G.P.O.
1. 7.35 1.20, No ] € 7,00 ...{6.00 p Eamahni and Wochow (By] 4.00p.m.
direct steamer}
Macão & Trizahan
Kongmoon (except Baturdays) Kankong (except Fatordays).
Fatsban and Wychow. {By}
Train)
TO TAL FR
Cheungchow
“Aberdeen
Stanley wit Aufsa -Pingsh
17.00 p.m.
4,00 pm.
17.15 am, & 3.15...
11,80 pum
6.00 p.m.
8.00 p.
7.15
1,00 p.m. 19.00
"{8,00 p
&
(9,00 2m, &
~8,00 p
1,00 p 15.00 pe
8.00
13.20 p.2.
BUBO KISA
8,00
only
7,10
11,00 mm
9,00
11,00
$11.00 .nt,
√ 1.00p.m.)
8.00 2.
· 11,00 #T
*10,80 3,30-
1.80 Sunday
Lonly
0.00 p.m.
1,00 pros
Union Insurances, 310/315. H.K. & K. Wharves, $140. Ewo Cottons, Tis, 141.
Buyers,
Hong Kong Bank, 81,005. Union Insurances, 8510. Underwriters, 82.08.
Union Waterboats, 8201. Benguet Explorations, 20 cts. II.K. & K. Wharves, 145; Providents (Old), 85. H.K. Hotels (Old), 812 30.
Hong Kong. Landis, $78. Fwa Cottons, Tls. 144. Hong Kong Trama, $22.10. Star Ferries, 8914.
Yaumati Ferries (Old), $31 Yaumati Ferries (New), 8341. Chinn Lights (Old), $18.30. H.K. Eetrics, 6701. Malabon Sugais, 827). Cements (Old), 911.30.
Hong Kong Roper, 813).
Dairy Farms, $27.85.
H.K. Amusements, 8171 ex Div. United Theatres, Tle. 6.38. Constructions (Old). $6.70. Constructions (New), 81.45.
Bellers.
H.K. Hotels (New), 12.10. Peak Trains (Ok), $35.85. Cements (Combined), 818.10, Wallace Harpers,' 812.
CHINA'S COAL INDUSTRY
MEASURES TO PREVENT DUMPING
JAPANESE COTTON
COMPULSORY
ARBITRATION
OPPOSED BY FACTORY OWNERS
At Last Quality Bakery Products at Reasonable
Prices,
Shanghai, Sept. 20-Opposition to the revised Law, governing the between settlement of disputes capital and labour, which pro vides for what, is virtually a sys- tem of compulsory arbitration in WE GIVE YOU QUALITY capital-labour disputes, has been
FOR YOUR MONEY. aroused in local industrial circles. At ja general mosting of the China Industrial Association, which represents the entire body of fac- tory-owners in Shanghai,, it was decided to petition the National Government to retain the original makes arbitration which Law optional. The meeting was attend- ed by over forty representatives of the member-guilds of the Associa tion, including the silk, four, | cement, tobacco, cotton spinning, match, and electrical guilds.
The blades are being madi for a previously firm, Londan
who Lought them from continental pro- ducers. Mr. George H. Lawrenco, the principal of the Sheffield firm, said yesterday that by bringing down his costs to the Continental level and by the help of the tariffs he was able to compete in the
In the course of the discussions, world's markets. He had two fac members of the Association recall- tories in Sheffield both were worked that the system of compulsory | ing at full strength, and he was arbitration had, aga matter of DEPUTATION IN
The MANCHUKUO, having to demolish a great deal of fact, been tried before 1928.
results, however, were unsatisfac old property in Nursery Street to build a new three-storey building.tory. During the past two years
MARKET
MILL-OWNERS'
Mukden, September 8. Mr. T. Funatsu, Director-General of the Japan Cotton Mill Owners' Asso- ciation in China, and Messr3. Tachikawa and Gonno, leaders of in the Japanese Cotton Mills Shanghai, who arrived at Dairen ou September 2, in company with Mr. Okada who hastened fron visited Mr. Osaka to Daire,
when the system of optional arbi- tration has been in force, it is
BRITISH TEXTILES claimed, the number of disputes
RESULT OF NEW FISCAL POLICY
Encouraging progress is being made with the arrangements for
Fukumoto, Commissioner, of Dai ren Customa, on September - 24, submitting a complaint regarding de textile section of the next Bri- the possible serious effects to their tish Industries Fair, which will be interests in Shanghai and other held at the White City from Febru- parts of China, resulting from Manchuko Customs independence, ary 20 to March 3, 1923.
The textile section will occupy Mr. Fanatsu and his party pro- cecded here yesterday and visited some 15,000 square feet more since General Muto, Japanese envoy to than was required for the exhibi Manchukuo, and high military
at
officers of the Kuaatung Army,tion of last February, and will re- They are expected to visit the flect the advance in British textile
ot Manchukuo authorities
their productions, which the change in Changchun and submit
the country's fiscal policy has opinions to the latter.
Although sympathising with the stimulated. Nanking, Sept. 20-To relieve the native coal industry and pre-cotton mill owners and other in dustrialists in China in their pre- vent the dumping of foreign conl, dicament, the authorities of Man- the Ministry of Industry is coa chukua are of opinion, it is learn sidering an increase in the imported that it is too late to withdraw their decisions which have already duty for foreign coal, it was learnt been made public as the instru- to-day,
According to Mr. Huang Chín Tao, Director of the Mining De partment of the Ministry, the in crease in duty will amount to 81,50 per ton. It will become effective
approved by the Executive, Yuan, to which the proposal has been submitted.-Kuo Min.
if
Y
A complete hall will be devoted to Scottish woollens in the piece and made up, and the Yorkshire manufacturers will for the first time he substantially represented. national Another development will be the ment of Manchukuo's policy, considering that it is only additions of a large hall devoted natural that Chinese goods should to soft furnishings. All the lead- he treated on the same footing as
ing British houads, it is reported, foreign goods.
have combined to provide the largest display over produced in this particular field.
In the circumstances, it is likely that the Japanese cotton mill own. ers will find great dificulty in the attainment of their mission.
AO.FC. Average of Shanghai Stocks
|
September 27, 1932-Increasing marked trading all through the tions, but this had hardly any in. on the work became quieter only last Mop fluence on the values of actual activity was reported Shanghai Stock Exchang on day, as the approaching September 'cation transactions, as the ruling Wednesday, resulting in an in Settlement Day caused some liqui-price on same continued in a steady Ewos were firm, shares. direction with a tendency to firmer crnased volume of business and dation. rates improving in most shares. changing hands at 14.30 September markets. There was some fairly heavy buy ing of China calties, more than 11,000 shares changing hande The market developed further improve mont during the following day and enjoyed a considerable advance in prices. Trading was active and it has been conducted in 6 firm way.. China Doalties more again strongly: in demand.
id. home 000 bares changed hands Better sentiment prevailed during the following days. The increased activity which
and 14.40 October. Intascos had a The belief seems to be justified fair number of buyers at 4.20 regarding the local Stock Exchange
Trams B
were that there is not any great dis- Bontember steady, business being done for position to look for tremendous trade gains over the balance of the October at 31.
has dropped from 120 to 87. This fect alone should show that the compulsory system is by no means conducive to a reduction of capital labour disputes, at which the re- vised Law apparently aims.
4
It was further pointed out that the revised Law gives the so-called competent Government organ" almost full discretionary, powers in deciding whether a dispute should be referred to arbitration. While Buch powers, if exercised in a wise and tactful way, may indeed sorve
to alleviate friction between capit-
al and labour, there are however
Ro
adequate safeguards against their abuse. Moreover, the provi sion that no right of appeal shall exist against an arbitration award is also likely to be attended with ing decided therefore to petition serious inconveniences. The meet- the National Government to reject the revised Law-which has not yet retain the original Law providing been officially promulgated-and to for a system of optional arbitrà tion.
STRIKES PROHIBITED
Shanghai, Sept. 29.-The Greater Shanghai Municipal Government bas issued a proclamation prohi biting recourse to strikes or locke outs pending the settlement of capital-labour disputes by media- tion. The proclamation also pro- hibita demonstrations or other forms of agitation likely to dis: turb peace and order.
IT WILL PAY YOU TO MAKE US A VISIT. WE SELL THE BEST FOR LESS. DELIVER
ANY WHERE, ANY TIME. ONLY THE BEST IMPORTED MATERIALS USED,
SUNSFINE BAKERS
PHONE 58757-28360-28589
Affliated Products
SUNFREEZE SUNFREEZE ICE CREAM ION OBRAK
BRICKS
SUNFREEZE
POLAR PIES
&
SUNFREEZE
ICE OBBAH WAFFLE
DEPOT No. 72, NATHAN ROAD.
The proclamation begin by de- ploring the fact that since the Bino-Japanese hostilities of Janu- ary 25, there has been a steady in- crease in friction between capital and labour. While owing to the difference in their point of view, disputes between capital and labour cannot altogether be avoided, there have been latterly, however, re- peated cases of labour demonstra- tions for the professed object of O "petitioning" the authorities.
Martial law is however still ja force and it is imperatively neces Esty to maintain peace and order. In order to maintain order and
to prevent undesirable elements
AMERICAN ORIENTAL FINANCE CORPORATION through its Agent Asia Lands Limited Gloucester Building.
offere
COMPLETE BROKERAGE SERVICE
ia
NEW YORK STOCKS V
Fall and Udd Lots of linted Securities bought and sold for cash or carried on conservative margin,
Phone 28380. Cable: ÁSIALANDS
EXCHANGE.
CLOSING QUOTATIONS.
October 3, 1932. LouDog :- Telegraphia Transfor... 1/31 Bank Billa, on demand 1/3) · Bank Billa, 4 months'
•ight ....... Credits,
sight
from taking advantage of the ON PARIS:- situation to create disturbances,
this Municipal Government hereby
***** 1/4
monthe
* 1/43
Bank Bille, on dowend 5981 Credite, months' sight 0291
Bank Billa, on demand $91
Credits, 60 days' sight. 131 OX BOMBAY 11.
Telegraphie Transfer 67
Bank on demand.
calls upon employers and employees OF NEW YORK Ş in the entire Municipality to re- alize the difficulties of the situation and to co-operate with each other. Even if disputes should arise, they must apply first to the competent On Government organ for mediation. Before be submission of a dispute for mediation or during the pen- dency of dispute under media tion, both sides should refrain from resorting either to strikes or lock- outs, the proclamation states Kuo Min.
NEW BOND ISSUE BY CANADA.
ALL PRINCIPAL PAYMENTS TO US TO BE COVERED.
Ottowa; Sept. 27. The issue of The local Cotton and Yarn Ex- year, but rather a hope that a bet$80,000,000 one-year 4 per cent. change manifested wide fluctuater business trend will be shown.
High for 1931-32 Low for 1031.
September 21, 1932-20.04
September 18, 1031-28.60
July
September, 20, 1939-20.40
Beptember 7, 1928-Settlement Day:
ON
Catopera:- Telegraphic Transfer Bank, on demand, SHANGHAI ---
Bank, 4 sight.............
ON YOKOKAMAS AN
On demand ........
โจรส
on MANILA. On demand....:45). OR SINGAPORE:-
On demand
584
O BATAFIA?~On `demand. 56Z".
On demand
ON SAIGON:-On demand) ON BANGKOKNOTAR 27. On demand mijim Sovanstons, Bank A Baying
Rate
BAX BILYKL, por 17 11/16:
bonds has been sold by the Cana-who emphasised that the issue dian Government to a syndicate covered all principal payments in headed by the Chase, Harris, Forbes the United States by Canada, Corporation of New York.
The sale we announced palay by maturing between now and Octo Mr. Forbes Minister of Finance, ber 14:1933, what a now issue will, (Continued at foot of next coiumm.) fail dus,