DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
Buyers Baller Balen Nominal
$1,610
£113
£1
$100
$28
68
1.80
muim Bukung dumu un ngaguna
2
...
SHAREBROKERS:
ASSOCIATION.
TUESDAY.
Bayers
Sellers
OCT. 11.
CH
$1,600
***
Banks
H.K. Banks
Do. (London)
Chartered Banks....
Mercantile Bks. "A"
Do,
Bank of East Asia... $108
N, 0, & 8. Backu z 17į
Am. O. Fin. Corp: M
China Fis. Corprd.
Insurances
$1,375 Canton Insurause,
1 Underwriters.....
Union Insurance ... $305.
China Fires ...
$1,20 H.K. Fires.
Shipping
ה'
1620
Do
Prof.
***
امBales Moula
12.95
HONG KONG DAILY PRESS, WEDNESDAY, OCTOBER 12, 1932.
MONEY AND MARKETS
AMERICA AND GOLD NEW YORK SHARE
STANDARD
HOOVER SPEECH. MISREAD
New York, Oct. 10.
THE American gold dollar which In heen subjected too ham.
MARKET
SHARP DOWNWARD TENDENCY
NEW YORK, Oct. 10.
THE New York Stock Market
resumed a downwards course
31.410 mering on the Continent, to-day very sharply to-day and losses of recovered against foreign cur from one to six points were numer rennies.
que. Railway, stocks were expecial- The temporary scare about the ly severely hit, Union Pacifics fall stability of the dollar which deve-ing of points on the day. Joped on European exchanges is
Over, two million shares were dismissed in New York as ridicu-done. lous and was presumably due to a misreading of President Houver's epeach at. Des Moines
$870
$1,90
International
Amos...
$245
Dougiano
#93
Steamboa
121
#29
$45
*
Indos (prof.)
85/
$32
Buj-
50/
Sholla
64/
Water-boate
Mining
$181
Benguet
: : : : : : ⠀ ⠀ ⠀
Do. def.
$2.90 Venezuela Gold Fide.
1.4
Kailans
Langkala (single)...
T10 Exploration......... T2.30 Shanghai Loans ....
$10
Raubs
Tronoh Mines
10 ats Bongust Explontions
Dooks, Wharyss,
Godowns, alo,
+44
3212
-
318
Providents (old)... 34.85 $4.9
H.K. & K. WhTOD.
*སr
$2.30
Do.'
(110W)...
$26
H.K. & W. Docks
$10
S. China Motor A
18
Do.
1.90
+
***
$11.70
$70k
4h4
Tol
Shanghai Docks ...
New Boginoorings
T.95 Longkowa .........................
Lande, Hotels, and; Buildings
$118
H,K. Hotel (u)}} } $19
Do. (new) H.K. lands
Shanghai Landa Metropolitan Lands..
H.K. Itsaities........
T11:40 Chins Do
Do. Debentu os
Humphreys
Do. "B"M
T.10
1.904
$16
$140
Asin Realties "AM
Н
$88
$100
Chineas Estates.
Cotton Mill
T.14
T14,60
Ewos
T24.55
T.601 T.11 ex div.
S'hai Colton.........
Zoong Singe
$146
Wing On Textiles(8.)
$154
Publlo Utilities'
122 10 Tramways $21.80
Poak Trams (old)...
Do. (now).
$2.00 95-
T
T.
TAI $401 100
***
$148
$2.20
Sab
$10 $10
1. Tot
79.95
The President, it will be recall ed, admitted that America was nearly forced off the gold standard earlier this year. Since then all danger has disappeared, it is claim- ed.
An official of the New York Federal Reserve Board, in an in- terview with Reuter, said that the total of the gold stocks in the United States is approximately G$4,200,000,000. "Free gold" available for export amounts to About G81,200,000,000 and foreign balances in the United States ac- |count for a further G8700,000,000.
A large part of the foreign balances must, however, be kept
MALAYAN COMPANY
REPORTS
RENONG TIN'S PROFIT OF
£8,150.
BRITISH TREASURY
BONDS
£150,000,000 AT TWO
PER CENT.
(THROUGHI REGTER'S ADENCY.?
LONDON, Oct. 10.
BRITISH COTTON
TRADE
SERIOUS POSITION IN INDIA
(THROUGH REUTER'S AGINGY.]
· Loaner, October 11,
"A GRAVE situation is facing
Britain's principal export. trade in Ceylon; namely, cotton pieco-goods" in face of a flood of Japanese goods at prices below the THE Treasury announces the cost of production in European issue of Treasury Bonds to the countries, was the subject of a re- value of £150.000,000. The hands solution at a Board Meeting of the are being issued at par, will be Manchester Chamber of Commerce, redeemable during 1033-38 and will urging the Government to secure bear interest at the rate of two reciprocal concessions as a condi. per cent.
|tion to the umking of preferences
to Ceylon permanent;
Holders of 4 per cent. Treasury Bonds, the redemption of which is announced, may surrender their holdings in exchange for the pew Block, The lists for cash applien- tions will be closed on or before October 12. The lists for conver- sion applications will be closed on October 17,
GOV. POLICY CAUSES. ADMIRATION
London, Oct, 1.-The Borneo Company reports a loss of £91,015 during the year ended March 31, This loss is reported after 1932
LONDON, Oct. 11. bringing in £61,048 and transfer. ring £20,000 from the reserve for AGAIN the courage of the Gav crament's financing plans has contingencies. £23,352 has been
caused astonishment and the ad- paid out by way of preferenceration of financial circles, who dividends and £24,783 remains to
be carried forward.
Rehong Tin Dredging, Renong Tia Dredging Co., Ltd..
in the United States for ordinary reports a profit of £8,150 in the trading purposes. Exchange-year ended June 30 last, as against speculators in Europe could, a profit of £13,993 in the preceding $15.80 therefore, withdraw only some year, The dividend for the year
G$200,000,000,
is halved, being 2 per cent. against In the opinion of the official,5 per cent. in the preceding year. only a widespread panic among £18,231 is left to be carried for T.66 Americans themselves and the ward. $146 hoarding and exporting of gold could drive America off the gold 161 standard.
T.10
P
373
Star Ferries
$914
H
Yaunati Ferrita (old) $35
Do. (new) 34
$18
Chins Lights (old)...
$18
#173
Do (raw)...
$70
H.K. Electria..............
$24
Macao do,
#12
Sandakan Lights...
$28
Do (DOW)
·T.10
Chius Busos
21
Tractions
-
14/
Da (pret). ***
Industriais
#971
Malabon Sugara
T.14
Caldbeck,
Jord.)
328) Telephonon (old) .................
30
T.10 Macgregors Š{praf.)
Canton Icas
$16.10 Cements (cemb.)... 814.70
Do. (old)...
$11.80 Do. new
3271
326
BIR
#3
$181
It is noteworthy that since the end of the foreign panic in June last about, G$300,000,000 have flow ed, back to the United States,
NEW YORK STOCK EXCHANGE
A.O.F.C. QUOTATIONS
New York, October 10. Dow Jones Averages :-...
Oct
8,
Oct.
10. Change. 30 Industrials 61.17 68.47 2.70 down 20 Rails, 25.56 23.65 231 down 427.9 20. Utilities... 27.30 25.61 1.79 down
$18
Hera. E. A. Pierce and Co.
Report.
S
• The market is in new low ground.
Permas Rubber Oo,
The Permas Rubber Company, Limited, reports a loss of £1,478 during the year ended June 30, 1832, as against a loss of £1,350 in the preceding year. £2,491 is car ried forward
Belangor Rubber Estates. An extraordinary meeting of the Selangor Rubber Estates, Ltd., was held yesterday to consider a pro- posal for the voluntary winding up of the company. This course was agreed upon as a preliminary to B scheme of reconstruction whereby the holder of each pound shote in the existing company will be credited with an eighteen-shill- ing fully paid share in the recon- structed company.
Mr. C. W. Brown, the chairman of the company, emphasised that the position of the company, to- gether with that of all producing companies, had improved material ly during the past three months,
for the current-reaction, with evi LONDON EXCHANGE"
Business done: 2,300,000 shares Dividend
RATES
* (BRITISH-WIRELESS SERVICE]
Babgy, October 10.
87 15/16 3.451 3.701
FIL
#3)
Do. (DOW)...
$13
Вороветер
$10
Uh: Agriculture# ....
Miscellaneous
$27)
Dairy Farron
Der A Wings
$17
Amusementar
$13
Ch. Elsinorenta...
$12
| 36.70
Constructions, (old)
$6,5
$1.45
Do,
(new)
31,45
301
Lane Crawforum.pe
#21
Mackintoabs .......
***
Nanyang Tobacco
***
$18.40
Sincero
8151
Watsons (old
$13
3181
$3.30 Wm. Powella ........................
$3.30
dence of positive support lacking. We think it the best policy to go! back.to the idea of staying on the sidelines, both for the trader and the investor who is considering pur- chases.
310
M. Greyhounds....
181
B. C. Enterprises .....
Last Sule.
18,25
United Theatre......
€6"
B. Ind. G. Bonds...
P'er
prem. 4,
H.K, Govt., Loans
$104
Share.
Oct. Oct. 8. 10.
.
Paris New York
83.00 Air Reduction.. $523
#51
Montreal
0.00 Allied Chemical,
Brussels
34.85
$10
and Dye
Genera
17,80
4.00 American Can::' 477
40%
9.00 American Tele
graph & Tele-
Amsterdam Milan Berlin
8.68
67 7/16 14 17/32
phone .................... 103] 100
19.47
6.00 American To-
19.271
WEEK DAYS.
SUNDAYE & HOLIDAYS
bacoa. B
Onlo
19.85
Vienna
FOR
Froи G.P.0.
FROM Балонанди BLANCH PO
FROM G.P.O.
FROM [SHEUNGWAN
BRAMON P.O.
Prague
20 nom. 1308
4.00 Auburn 2.00, Borden Co.
Canadian
391
372
Helsingfors
232
23
25
Madrid
491
Lisbon
110
Famahni and -3 nchow
direct stemmer)
7.15 am, & 17,00 μm) 17.00 p.m. 4.00, p.30. 4.00 P.ID.
4.00 p
(7.15 mm, 43 7,00 am, & 28.00p.m.
17:00 paní,
Pacific 14)
580
580
2371
Macso & Twinsban
Jongmoon (except Saturdays) 5.00 p.zo.
Kaukong.(except Saturd
£7,287, & £1,803 {1.15 p..
11.80p.m 8.00 Putt
6.00 pm,
9.00 ..
ƒ6.315 am, &] [8,80 am, #
*1.16 p.
Sunday! 8.15.1 only 5.00 p
A
1.80 Sundays 11.30 6.11.
6.00 p.m.
only *6.00 pm.
0.00
sikio Wallaco Harper...........
China Sports Ltd....
B.K: Wing On ...... $235 S'hai Da ......$215
LOCAL, AND REGULAR OUTWARD MAILS,
Canton...
Matalan and Wuchow (B)} 7.18 ...
Train}
Tai Po
7.15.10.
~11,00 am.”
1,00 pm,
€ 9,00 kim, &
9,00 8.0.
+8,00 p
8,00
11.00
Anaconda Cop
per Mining n
1.00 Chrysler Motors 134 4.00 Cones d'lidated
Gas of New- -York.
4.00 Drugs, Inc. 847 2.00. Du Pont 'de
3.00 Eastman Kodak. 40) 0% Electric Bond &
Nemours
២ ៩២ 8,
12:
Stockholming
Copenhagen
Athens...
Bucharest
Belgrade Rio
Buenos Aires.....
Montevideo. Bombay
Shanghai
57/32 nom.
Nominal
30 nom.
1/65/32
324
341
321
40)
Yokohama
Hong Kong.
Holiday Holiday
Share 231
20
Silver (Spot)
1/47/10 171
0,40 Keneral Electric 15..
Silver (Forward)
2.00 General Foods. 28 1.00 General Motors 131 1.00. Gillette Safety. 144 1.20 International
27
12
143
Radio Corpora
Scara, Roebuck.2018)
$2.00 pm. &) 18.00 px.
8.00...
1 & 5.00 p.m.
Harvester
Intornational
Tel and Tel
4.00 Liggett & Myers
11:00
8.00 $113.
$11.00
6.30
10.30
1030
It was pointed out that Ceylon granted to preference 20 British cotton goods, whereas the British ten preference, alono preserved the Ceylon tea industry.
CREASELESS COTTON
EPOCH-MAKING DISCOVERY IN TEXTILE INDUSTRY -
HOME VIEW OF THE
INVENTION
It will be remembered that local
are of the opinion that the two per cent issue will command a ready demand as the supply of is otherwise short-dated ISRUOB slender. Nevertheless, similarly piece-goods morchants took very
·little interest in the announce profitable borrowing has not been
ment from Home of the discovery experienced since the nineties":
The immediate object is thereof "creaseless cotton, being of financing of £140,000,000 worth of opinion that such an article would four and a half per cent, Treasury not be of much value out here Bonds, the holders of which can where the market was either for convert at par and receive a cash Chinese people or for "whites,”
that are washed almost daily. payment of one half per cent.
Lint Closed Immediately.
LONDON, Oct. 11. The list for cash applications for the Treasury issue was closed in mediately.
PRINCE ON WORLD TRADE PROBLEM
TASK FOR LEADERS OF COMMERCE
PRODUCTION “AND-
CONSUMPTION
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL QUOTATIONS
Although the market opened very quietly after the holidays, there were some enquiries for a few of the lower-priced issues, such as
Hotels, Lights and Ewes for the current (October) Settlement:
Sales,
Union Insurences, $507. China Lights (old), 817.80,
· Buyers. Hongkong Bank, 81,010. Union Insurances, 8506. Underwriters, 82.90. International Asson. Tia. 4.10. Union Waterboats, 8201. H.K. & K. Wharven, $1454. Providents (old), 84.85. H.K. Hotels (old), 812.15, Hongkong Lands, $76. H.K. Realties, 80.80. Ewo Cottons, Tis." 14). Shanghai Cottona, Tls. 603. "Zoong Sings, Tis, 11 ex. div.
Star Ferries, 801). Yaumati Ferriss (old), 835 Yaumati Forries (now), 804). Hongkong Electrics, $764. Dairy Farms, 9973) Lane, Crawfords, 851. Sinceres, $16,40, Wing On (H.K.), $233.
Ballers,
On
Y
Peak Trams (old), #18h.
EXCHANGE.
'CLOSING QUOTATIONS,
LozDow:-
October 11, 1933
Telegraphic Transfor... 1/23 Bank Billa, pa dóimand 1/až-
Bank Bill, 4 monthärger
might
Credits,
sightinasky
PARIAT
Bank Bills, on demand 382) Credits, 4 months' night desj
The following account of the | ÖN invention, taken from Industrial Britain, should, however, bo of UN NEW YORK:-- interest:
·
Talegraphio Transfer Baak, on demand ... SHANGHAI:—
Bank, at sight
ON YOXOHAMA ***
On demand ------
· 871
豆豆
· d
OB MANIza-Un demand... 45
On demand
- 561
On demandmaniy ON BAIGON:-Oo decod On Bakozóz
ឆម
On demand ..wráti........... 1401'
Bank Billa, on demand 281 After fourteen years of experi-UN HOMBAY
Credits, 60 days' night, v3]). ments, which have cost scores of
Telegraphie Transfor thousands of pounds, Messrs. ***** Bank, on demand
UN CALCUTTA Toqtal, Broadhurst, 'Les Co., Ltd., of Manchester, have succeeded in making cotton and artificial silk goods as perfect in thoir anti- crease properties as woollen goods. - This remarkable" disclosure—one of the most important in the his- ON SINGAPORE:: tory of the textile industry-wan OM BATAVIA':-On demand. 561 made by Mr. Kenneth Lee (Chair" | Os HargonG :-- man) at the annual meeting of the firm in Manchester last month.
"You know," said Mr. Ler, "that
cotton goods and artificial of the City, the Prince of Wales silk, goods have one very bad defect, made a world-wide appeal for the in that they crease easily. The only nastery of the task of bringing way by which manufacturers have consumption and production into partially succeeded, in overcoming this defect has been by adding twist proper relationship.
Ile was delivering the valedicto the yard, which makes the goods tory address to the delegates of crepo-like, thereby increasing the cost and still leaving the materials more than thirty different States who, throughout the week, have been far behind wool in anti-crease pro- in altendance at the International portion
"This was the problem on which Congress on Commercial Education.
we decided to make a direct attack His Royal Highness was accom: panied on the platform by lenders when we founded our research de- of commerce and industry, foreign
partment. We recognised that if
From Grocers' Hall, in the heart
as well as British. Sir. David we would make cotton and artificial Milne-Watson, president of the silk goods as perfect-in their anti- congress, presided, and on the crease properties as wool, we should Prince's right, was Mr. Charles add enormously to their value. Boissevain, president of the Inter- national Society for Commercialress was made. We have taken *As the years went by, very little Education.
The Prince, who on rising was both time fourteen years -- and greeted with enthusiasm, said:
Wa bave all been learning pounds and I am proud to an- money-sceres of thousands of through the surest and hardest of nounce that we have solved the pro-
·lessons --- adversity —'how closely blem."
the prosperity of all the nations
of the world depends upon the pro-
sperity of each and all of them.
Strength Increased.
Without losing one's serine ol The process, said Mr. Lee, hat a proportion, one may justly say further advantage when used with that the holding of this conference artificial silk of the viscose variety.
Bovaziona, Baak's Buying
Bata BAR BLVER, DAR 15
1/48 171
AMERICANORIENTAL FINANCE CORPORATION
A COMPLETE
SERVICE
A complete brokerage service": for New York Stocks is available at our local A goala-
Asia Lands Limited
Cloaventar Building."""
Daily Quotations sente-gratis
upon request.
bad heen. bleached, dyed, or print
Already on Sale.
cl
The first of the new creaseless
in these difficult and anxious days, It not only strengthened the materiaterials are already on salo ža and the splendid attendance here al in the dry state, but, what was the form of men's then. The ties from all over the world, substan more important, it nearly doubled will be followed by autumn dreas tially confirms the evidence of Lau. the wet strength.
sanne that the spirit of interna It consisted in impregnating cot materials in cotton and artificial tional co-operation and good will ton (or rayou) fabric with a synthesilk.
is burning more brightly than attic resin solution. This synthetic
condensation product was pressed
Meanwhile, Mr. Kenneth Lee is
any time within living memory into the cotton fibre or rayon fila.paying a visit to the United States, Railway 14 127-And for that we may be all-proment and permeated it, in the same to discuss the question of the pro-
foundly grateful. (Hear, hear.)
tion.
1.00 Standard Oil Co.,
of New Jersey -0.80 Socony-Vacuum
Corp...
"B"
3.00 Loow's Inc.
201
23/
Montgomery
Ward 114
101
1.20 Uniori Carbide.
and Carbon, 231
201
2.80.-National Biscuit 134.
2.00 Pacifio Clas: &
Electrio....
Pennsylyamin
| (Ventinued as foot of next column:)
- 6.00 – Union Pacific -
United States
Stuck Westinghouse E.
&M.
10
A Courageous Decision.
fashion as dye permentes cloth, and duction of crenseless brics in was later converted into elastic America, patents in the ew invent It will not be indiscreet now rain by henting
tion having been taken ölt all over It was well-known that when cer- the world. 27 to tell you that only in this year tain goods made from artificial silk
the question was raised and ́ser·
In order to increase the produc- Biously considered whether in the were washed they often proved to be tion of the new materials, Messrs. present state of the world it was rotten. The new process prevented Tostal, Broadhurst, Lea Co, Ltd., 22 wise to proceed with an interna this danger. It was applicable also have decided to build a big, exten- tional conference to be held six to linen, shoddy and silk: For silk sign to their Glossop (Derbyshire). months hence, Was it not almost it might also prove of great interest works, It is hoped that the build- bound to fail for lack of support as a loader. The process was a final ings will be completed in October for lack of both the money and then was applied after the goods and the plant ready for working.
(Contimad at foot of next enlumn.) shortly afterwards, 25 good will essential for success 1