DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
Buyer Matiere
Balv
SHAREBROKERS' ASSOCIATION.
SATURDAY, Nomics!
OCT. 8.
$4.60
Banks
HONG KONG DAILY PRESS, MONDAY, OCTOBER 10, 1932.
MONEY AND MARKETS
Riyer Bollers
Baler Bomba
NEW YORK STOCK COLLAPSE
H.K. Banks *****$1,635
Do. (London)
114
1
Chartered Banks ....
Mercantile Bks. "A"
Do.
"C"
Bank of East Asia... $108
Chins Fiu. Corp. rd.
#1.373 Canton Inggrances,.
$7
$1,610
£14 P23
Lot
$100
N. 0.48. Baka
Am. O. Fin.Corp:
Do.
Prof.
Insurances
$1,410
$2,90
$610
+620
Underwriters ****** $8.00 Union Insurance... $.05 China Fires
3070
$1,240 H.K. Fires
$1,250
14.05
International Assoc.
shipping
$24
Douglasta
1841
#931
Steamboats
$28
$40
Indos (prof.)
65/-
132
Do. (def.)
80/-
Shells
04/2
事
$201
$18
$2.90
25/
T.
Taj
++
T.
1401
18,6
$1454 14.85
51:3
$81
Water-hat
Mining Benguets.
$9.00 Venezuela Gold Fide.. 95/- Katians ....... 7:4 Langkats (single)... T2.10)
T2.308ration
$40
Luatis
Tronoh Mines
Bengast Explorations
MARKET SLUMPS
AGAIN
(TUROUGH AKUTED'S AGENCY.}
NEW YORK, Oct. 7
BRITISH STOCKS
FIRMER
RECOVERY NOTED ON FRIDAY
fBRITISH WIRELESS BERY{C}
Ruany, Oct. 7. THE stock market again slumped THERE was a renewed demand today for gilted-edged securi- to-day, and losses of two to five points were common at the close.ties, the prices recovering from the The turnover for the day was near-recent weak tendency. ly 2,600,000 shares.
The heaviness of wheat affected tho share market, adversely also. Some traders are of the opinion
that the peak of the seasonal in erease in business has been roached,
and the usual kutumu reaction may now be expected.
NEW YORK STOCK EXCHANGE
A.O.F.C. QUOTATIONS
20. eta
www
Docks, Wharve,
Godowns, sto.
1.K. & K. Wharves.
$148
+
Providents (old). ...| $4,85 | $4,95
$9.39
$26
H.K. & W. Dock
Do. (new) *
$2.20
OL
$10
S. China Motor A'
18
Do,
T.
7.67
Now York, October 9. Dow Jones Averages:-
Oct- Oct.
8. Change. 7. $10 7,90 30 Industrials 62.87 01.17 1.50 down Tofu Rails... 27.03 23.90 1.00 90 Utilities. 98.95 27.30 .95
Mosara. P. A. Pierce and Co.
**
1)
Report.
Singhai Docks
ניי
Now Engiuverings
T.420-Hongkowa ......
Landa, Hotels, and
Buildings
H.K. Hotels (11)| #13.14 $12.28| 12/12/19
Do.
(new)
Shanghai Landa ....
$12.13
$75
12201
$117
H.K. Lands
T.23
T.10
Matropolitan Lands..
310
T11.40| Chid Do
1,931
Do. Debentu es
$16
Humphreys
$140
Aula Realities "A"M
$28
H.K. italties......... $9.95
T14.60 T.60
T14.70
$100
+1
Do. "B"M
Chinese Esintos ..............
Dotton Mills
EXOS
Shai Cottons..
Zoong Singsgr Wing On Textilos(S.)
Public Utilities
Tramways **********
244
SIBI
$95 $341
נוי.
18
Tul $142
T
29/12. 10
$29
Peak Trams (old) .......
Do.
(now)...
Star Ferries
THI
Do.
(now
118
L'hins Lights (old).
$171
Do
(now)...
H.K. Electrica
$77
$24
Macao do.
$12
Yaumati Forries told) 136
Do
(non)
Sandakan Lights ---
$28 Telephones (old)......
China Basos ********* Tractions
Do..........(pref.).........
Industrials
29
T.:0
24
14.
Malabon Sugars...
127
T.
Caldbeck, (ord.)
T.
Macgregors Fipref.)
Canton Ice
$15.10 Cements (comb.)...
Do. Col...
(DOW}.«
Dairy Farman -
$11.70
+
#
War Low was quoted at 101),
wwwww..c
BRITISH TRADE POLICY
MUST COVER MORE THAN TARIFFS
[BRITISH WIRELESS BERVICE.]
Rugby, Oct. 7. RECOGNISING that in the near fatura, the British Government will probably be called on to negó- tinto
treaties commercial.
with foreign countries the Federation of British Industries urges, in a memo- randum to the Board of Trade, that the contemplated agreements should not be confined to tariffs.
The whole system of internation. al tradá is so strained and dislocat. ed that any negotiations designed to re-establish the system must in-
and
COTTON STRIKE THREATS
SPINNERS TO REDUCE WAGES THES WEEK
[THROUGH REUTER'S „ADENCY]
LONDON, Oct. *. THE Cotton Spinners Associa
tions, mesting to day decided to bring the proposed wages „roduc tions into force as from October 17, thus giving the operatives another week of grace in' which to accept 'the cut.
Probabilities are that the reduc. tion will be refused,
DECLINE IN BRITISH EXPORTS
DEMAND FOR CLEARING-
HOUSE SYSTEM
An official of the London Cham- ! her of Commèree, in a statement on the progressive deeline in Bri tish exports to countries whero ex- change restrictions are in force, said that member firms were bo- coming more insistent in their de mand for a statutory clearing- house system to be set up by the
HONG KONG STOCK MARKET
SATURDAY'S OFFICIAL
QUOTATIONS.
As there commenced a three days' holiday from Saturday, (Chung | Yang Jih festival) the market was extremely quiet, but with no materi- al change in quotations. —'
gales.
.
Union Insurances, 8010. 11:K-Hotels (Old), 812.20/19). Ewo Cottons, Tls. 14.70. Hong Kong Trams, 822/22.10. Star Ferries: 8913.
Buyers.
Hong Kong Bank; $1,610. Union Insurances, 8305, Underwriters, 82.00. Union Waterboats, $201. Benguet Explorations, 20 cts. H.K. and K. Wharves, 81453. Providents (Old), 84.85. H.K. Hotels (Old), 812.10. Hong Kong Lands, $75). Ewo Cottons, Tia. 14.00, Shanghai Cottons, Tle. 001. Yaumati Ferries (Old), 835. Yaumati Ferries (Now). 831). H.K. Electrica, 875). Malabon Sugars, 827). Dairy Farms, 8274. Lane, Crawfords, S5), Sinceres, $15.40. Wing Oa (H.K.), $236.· ́ United Theatres, Ths. 5.33.
Sellers,
Peak Trams (Old), BišĮ.
THE WEEK REVIEWED
BY MR G. A. HARRIMAN
We think that the market is ap:cluda discussion, and agreement Government as the only effective proaching a trading rally and would upon such maiters na exchange means of dealing with the problem. He pointed out that an examina- amall scale restrictions, quotas, double taxation of the preliminary figures of Buggest buying an
Last week opened with the pub- down, particularly taking advantage tion, foreign investmenta
exports for the seven lication
of the Lytton report of another possible spell of weak-general trading policy, and the British ness on Monday. The crop raport examination of these problems wonths of this year, ended July 81, $14.80 shows the yield of cotton 115,000 should be on the broadest possible showed a decline of £17,000,000, which it was thought at one time compared with the same period would have a sentimental effect on bales over the September report lines.
last year. Doubtless a small part'
TAL
and the condition of the crop of 54 per oct. of normal.
4.00 Auburn...... 42)
FLOW OF GOLD FROM INDIA
HEAVY SHIPMENTS LAST
WEEK-END-
{TRROVOK BEUTER'S AGENCY.]
BOMBAY, Oct. 9
THE flow of gold from India to The west continues. Three linera leaving during the week-ond
value taking gold to the
of R.8,400,000 to England, R 291,000 to Holland and R.12,000,000 to New York.
LONDON EXCHANGE
RATES
(BRITISH WIRELESS BARVICE]
Milan
87 13/10
Rugby, October ».
Paris New York Montreal
3.431
1.80
Brussels
24.821
Geneva ..... Amsterdam
17.88)
8.67)
67 7/18
Berlin
14.52)
Stockholm
19.47
Copenhtigen
19,271
Oslo.......
10.85
Vienna
9t nom.
Prague
Helsingfors
232
Madrid
42 3/10
Athens
590
Bucharest Rio ..... Buonos Aires Montevideo Bombay Shanghai Hong Kong Yokohama
....
Silver (Spot) ...... Silver (Forward)
110)
580
5.7/39 nom. Nominal
30 nom.
1/6 11/04
1/01
1/41
1/42
17
17 13/16
AUSTRALIAN AND NEW
ZEALAND APPLES
of the decline in exprots might be the market, but in actual fact it attributable to the reactions of Bri- was received with but 'mild' com- tish import duties on the buying ment in the local stock market - RECORD FOR SHIPMENTS by countries which formerly ship which was not, effeoled one way or ped heavy supplies of goods to this
but the inarket,
more decisive State cause of the decrease waS control of exchanges by some 35 foreign countries.
another,
The volume of business passing however somewhat less than
Taking the cases only of Argen- the preceding week, but there are tina, Germany, Greece, Chile, Tur- very few changes in rates to be re- key, Austria, Hungary, Crechoslo- corded as most stocks were fairly 114 vakia, and Latvia, where exchange
restrictions are in force, exaining well maintained.
The last consignments this sea- son of Australian and New Zen- and apples will bring this year's shipments to a record total. Com- pared with last year the figures
are::
1832.
1003. Boxes. Boxes.
Hotels closed Australia 4,401,000 3.145,000 New Zealand 1,446,000 1,138,000
tion of British axport returns to firm at 819.15 after business done
A box may he regarded as con- 27those countries showed that the de- at $11.00 to 812.30, Lights were intaining a bushel. The increase this
cline for six months ended June
{T14,55]T14.70
Business Done: 1,500,000 shares. Dividend
Last Sale..
T.88
Per
T.101
FRI
Share
7.
$148
*
**
83.00 Air Roduction... 803)
Oct. Oct.
B. 802)
Gillette Safety.. 10 International
1.00 General Motors 14 13 1.00 1.20
141
Harvester 217
20
527
8.00 Allied Chemienl
International
315!
and Dye
727
Tel. & Tel. 97
$72
4.00 American Ca.. 481
47%
4.00 Liggett & Myers
2014
9.00 American Tele-
GO
graph & Tele-
phone........ 104}
1037
3.00 Loew's Inc. ...... 971
Montgomery
201
5.00 American
To-
#171
bacco "B".. 714
701
Anaconde Oop-
Ward 121 2.80. National Biscuit 368 2.00 Pacific Gas
30
por Mining
10
Electric ......... 281
30
Pennsylvania
$22
2.00 Borden Co...... 251
Railway .....
13
14
127)
Canadian
Radio Corpora- '
Pacific 14
tion ..........
71
01
18
Sears Roebuck.. 10)
181
1.00 Standard Oil Co.
Gas of New
120...
York
56
4.00 Drugs, Inc......
351
34,
of New Jersey 28 0.80 Socony-Vacuum Corp.
$49
of
87
$51
2.00 Du Pont
de
$14.80
Nemours
35
344
1.20 Union Carbide
& Carbon
211
5114
3.00 Eastman Kodak 50
23) £2
13
0% 8. Electric Bond &
$12,70/
DEL
Share ****
251
233
Steel
36
351
0,40 General Electric 154
15
Westinghouse E.
2.00 General Foods.. 283
98
&M.
271
#97.90
(Continued on next Colum78.)
a-Stock Dividend.
$16
$121
$9,7%
$1.46
[ram)
1.00 Chrysler Motors 14 4.00 Consolidated
$11
33
Do.
$13 $10!
Ropia
Ch: Agricultures
Miscellaneou
$275
Dor A Wings
$17
Amusemente .....
*13
Ch. E'tainments........
3145
Do
(DOW)
Lane Crawfords...
`$2 ̄
***
Nanyang Tobacco... 24
$13.40
Sincerer
$17,75
313
13.19
ราย
33.97
[1783–
*£5,35
16.70 Constructions, (old)
102
Mackintoshs ......
5121 Watsona
311.80) Lo
$3,36
10
Wm
(old)
Powe
M. Greyhounds #1. Ente: prisen ...
United Theatres...... 66%, B. Ind. G. Bonde...
H.K. Govt. Loans ... $11.10 Wallace Harper $10 China Sports Ltd...
prem. 41,
H.K. Wing On **** S'hai Do.
LOCAL AND REGULAR OUTWARD MAILS,
$235 #815
牛乳ます
3104
محسن
6.00 Union Pacific... 62)
United States
bulk of the shipments have been last was £7,000,000, compared with demand at 817.00 after business year is 1,587,000 hoxes, and the the same period last year. If the done at 817.80 to 818.00. Realties consigned to the United Kingdom, fall in experts to the other 20 coun- fluctuated between $9.80 and $10 quantities sent to the Continent and Providents (old) were this year being 302,000 hoxes, com- tries were added, the official of the 10,
Chamber added, the total would wanted at $4.90. Constructions
pared with 1,008.000 boxe last make a very substantial part of the did not attract sellers, at 86.05, year, £17,000,000 fall in the figures com- but Ropes recoded from $13,50 to pared with last year.
812.75.
In the investment section Lands hold steady enquiries at 876) with- | out finding sellers and Electrics were still wanted at $77.00 after Trams business done, at this rate.
The number of firms which were unable to continue shipments to those countries on account of the amount of capital that they had now locked up in them was grow ing month by month. They couldį were again in strong demand at ON no longer finance ahinments under 822.00. Telephones (new) improved such conditions,
A.O.F.C. Average of Shanghai Stocks
TWEETY
STOCK]
$16.00
1461||
lean
WEES DAYS.
FUE
FROM 0,1,0,
Frox SHRUNGWAN Bramon P.0.
[SUNDAYS & BOLIDAYь
Улок FROM GESUNGWAN Q.P.0,
BRINOX P.0.
bant
***
Canton
Faishui and Wochow (By)
direct steamer)
Macne & Tritaban
*** (6,00 p.m. | || | 7,00 pani
(B) 1.00 p...
(7.15 am. & § 7,80 a.m. ***1.15 p. Jongmoon (except Baturanys) 5.00 p.m.
Kakong (except Saturdays),
Vatikan, and Wuchow (By?
£,7,15 a.m; *) § 7.00
4.00 p.m.
(7,18 m.) 7.00 am, i 15,00 p
17.00 pm
$.00 p.m.
9.00 BAL
(B.18 m. d) (80
11.75
11.80 p.m
ou p..
1.15 p.m Enadays A.15. only 6,00 p.m.
180 puta. Bandaya
8,30 mm Lonly
"0.09 9.1.
6.00 p.m.
6.00 p.
7.252.11.
7,15 2.1.
1.00 p.m. 0.00 .m. & 1·8,00 p.m.)
8.00p.m. £1.00 pm, & 16.00 p.m.
11.00 th 9.00a.m.
Aberdeen
Stanley 'Actuee Pingshan,› Baniin
Bhatankok and Bheung
t
Obalio,
$1.00 $.00 12.80p.m 8.30
8/20 p
-480-933-
Eřekki &
7.00 pm
7.00pm
Train)
Tai 0.
Tal Lo
Cheungchów
1932
$10.75
17.00
11:00
ᅥ
1400
{8628
14.00
Jess
ம
to $273, shortly after the call was paid, but a few shares were offering at this rate towards the close.
The sterling section on a steady exchange market showed slight im- provement with Banks wanted at Os 81,610 and Unions at $510.00. Al- though for the moment trading is not very brisk on account of the holidays there is a good feeling bo- hind the market and the undertone is firm.
Banks. Hong-Kong Banks were in demand at $1,605.00 Bank of. East Asias had enquiries at $108.
Insurances. Unions continued in demand at 8505.00 with shares. changing hands at 8510/15. China Underwriters were still wanted at 82.05.
EXCHANGE.
CLOSING QUOTATIONS.
LONDON!--
October 8, 1932.
Telegraphic Transfer... 1/3)
Bank Billa, on demand 1/2)
Bank Bills, 4 months'
sight.......
Oredita, 4 months'
sight........ PARIS-
1/4
1/41
Bank Bills, on demand 682 Credits, 4 months' sight 622į On New York:——
Bank Bills, on demand 22! Credita, 60 daya' sight, saj - ON BOMMAX:
Telegraphic Translor. 878
Bsak, on demand ... UN CALOUTTA:--
Telegraphie Transfer Bank, on demand On SHANGHAI:--
Bank, at night ON YOXORAMA 1 -*-*-*-*
On demand
954.
Shipping. Union Waterboate re- mained in demand at 8204. 1. On Manila-Ûn demsod........ 45)
Docks, Wharves and Gadowna. O SINGAPORE:---- Wharves improved slightly with
buyers at 8143). Providenta (old) O BATAVIA:-On demand. 66j changed hands at $4.00 and con- On HarmonE:--- tinued in demande
On demand an
(11.79]
ELIS
2425
Hong Kong Lands were unchanged Boraantons, Bank's Buying with buyers at 878.50. Hong Kong
Hotels and Real Ratate Hotels On Bataon:-On demand 581 (old) fluctuated between $12.00 and Or BenGZOK:---- 812.30, closing in demand at $12,15.
On demand
me.
On demand .................................... 146)
Bake
1/4
37-X1/30
11,00 m
$11.00 .. 125.00 puta.
8.00 Battle 11.00,
8,30 1,21,
10,30 am,
$10,80 1,10.
Realties were done in quantity at Bax Bilvae, per on 89.80/10.10, closing firm with en- quiries at 89.95.
Cotton Mille. Ewos after having been dealt in at Tin 14.15/25 im- proved to a buying rate of 814.05.
Public Utilities, Tramways were in demand at 821.00 with business put through at 822.00. Star Ferrios were wanted at 8911: without at tracting any sellers. China Lighte (old) remained steady at $17.50 at which rate some businos was effect-
Talophones (new) were on offer at with sellers saking 50 cents more. $273.0
Miscellaneous. Cements were the
October 4. ly dull. Some interest was taken. The money and capital marketsed. Electrics had buyers at 877.00 Firm conditions prevailed on the in Ewos, which could maintain | still lacking evidence, of an easier Shanghai Stock Market on Wednes their prices in face of a decline in tone, the stock market remains un- supported by institutional or in- day. Prices were steady, but in yarn. view of the sellers reluctance to Monday's dealings were dall, dustris buying, and thus shows operate at the existing rates, only demand dropped for most issues further signs of needing better back a fair amount of business was On Tuesday, likewise, sentimenting in order that & fecovery may transacted, Trading slowed down was quiet, with some good spots next day, with prices unchanged, here and there. Ewas had buyers aus. and business was on a very small at 14.40, Yangtze Finance and). *scale. Interest receded at Friday's Trusts changed hands at 7 and 8 High for 1931-39-Sept 10-1539-2800 Forward-Settlement session, and prices remained steady, respectively Trams were in de Low for 1031-32 July 12,1932 19.09 October 25, November 29,
Oct. 41839.20.57 Depember 20. Business on Saturday was extreme-mand at 31.
Sept. 28, 1932 20.48
medium of a fair turnover at rates from $14.99/10:10 Ropes were transacted at 819.75. Dairy Farms Lane dould be placed at $27.90. Crawfords could fetch buyer at 5. Sincere were obtainable, at $154.4
Daya
and
AMERICAN ORIENTAL FINANCE
CORPORATION
COMPLETE
SERVICE
A complota brokerage service for New York Blooks is available at our local, Agents:
Asia Lands Limited
Glouocator Building.
Daily Quetatione sont--gratis
upon request.