DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
Buren Ballore Bataa Nolan)
Do
SHAREBROKERS.
$1,373 Canton lusurances,
$2.54
$515
$13
F820
$4,15
ASSOCIATION,
China Fires
31,20 K. Fires............
Shipping
Dougunes
HONG KONG DAILY PRESS, TUESDAY, OCTOBER 25, 1932.
1804
TIDE
TRENTO REPRESENTATIVE
tocks
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
#
EMPIRE TEAS
- LOW PRICES FOR
PRODUCERS
London, Sept. 20.In spite of the preferential duty on tea that com
A more deproseed
Contrary to expectations, for Settlement evo markets displayed modity is in quite a firm undertons, and a fair state, so far as Empire producers are concerned, than before the Bud- amount of trading was dono at i
get. current rates. Telephones spurted up to $281, and some good-sized parcels changed hands up to this figure,
Eales..
Hong Kong Banks, 31,673. Union Insuraners, 2315. Hotels (Old), 811.00/12.03. China Lights (Old). $17.30/17.40,. Telephones (New), 8081/20.
Buyers.
MONEY AND
MARKETS
MONDAY,
Buyers
Bakers
OCT. 24,
A.O.F.C. Average of Shanghai Stocks
Banka
1,678
H.K. Bankь
$1,665
£120,
Do. (London)....
ին
£144
Chartered Banka ...
Mercantile Bks. "A"
B2]
2D)
[23 76]
Bank of East Asia...
$108
M
N. O. & S. Barka
#73
120
Am. O. Fin. Carp: X
10 $4.60
China Fin. Corp. Ord.
Do. Prof.
Insurances
$1,340
LOR
Underwriters
$2.00
litr
Union Insurances ...
3:15
1876
$1,200
International As×co....!
+
***
2455
B24
Steamboats a
142]
Inulos (pref.)
1984
801.
.92.16
14/
12.30
Water-beasts
1145
Kialog
(1200)
$.21
Bouguets..
$3.ru
Venozucia Gold Fidu #3.95
$18
fran
19.30
MM
33/0
Kailan
[[E34]
· Douginser, $23,
TA Langkats (siv glo)...
11.76
[1231]
TK
CUOSI D
T2.10 Explorations.........
21.06
16.7
T
*IN
$401
10/0
£69
3100
19.15
20.60
$140
29.15
24.00
15.30
(2000
**
128
10
B. China Motor A
$10
$8
$10
T.90
Shanghai Docka .......
1.90
T.BI
New Engineering
Tol
$25
arr
***
#131
તા.
*33 Do. (left)
40/10;} Shelle
M
$1454 34.85
T9.30 Shanghai Loans
$10
Haube
Tronoh Minos....... 17 ote. Benguet Explorations
Docks, Whazzes, Godowne, sin.
13.30
H.K. & K. WharvON
Providents (old)
Do. (DOW)...
H.K. & W. Docks
Do.
*M
T.295 Hongkew.....................
12
$11.40
376
Lands, Hotels, und
Buildings
H.K. Hotela (uld) | $11.60; $12.10|
Do.
(now)
R.K. Iands... $76.
T.243 Shanghai Landa Thu Metropolitan Landı..:
19.85
H.K. Boalties.........................
¡T11.40] China Do
Yang Binge
Wing On Textiles(S.)
Public Title
Tramways... Poak Trans (old) .......
Do
Star Ferrion 100 Yaumati Ferrics(old)
(now)...
|4473||
view of the sellers' hesitancy. Thero
TUM
24.00
63,73
Inion Insurances 2813. Underwriters, 8.85.
International Asser, Tla. 4.15.
-Union Waterboats, $204
Yenz: Goldfirīds, 83.50. H.K. and K. Wharves, 81-434.
Providents (Old), 84,93, Hotels (Old). 812.
10.79
Hotels (New), $11.40.
Hong Kong Lands, 878,
hom
Most other markets report, a quiet Declines in the
SHANGHAI, Oct. 18. The Shanghai Stock Market was
was manifestly a decided change in and dull week. featureless last Wednesday, with sentiment when trading began on price of cotton yarn are stated to sellers holding out for higher rates. Monday. Although reluctance of be responsible for lower prices at Active interest in debentures
Bellers prevented the expansion of the Yuenfong anotion,, while the $114 brought about better prices during business done, some price improve seasonal dullness has generally had
Thursday's trading. Only Transment occurred just the same, Ewosite effect on piece goods. weakened when the reduction of moved ahead on larger volume, over Expectations of a more aulston- interim dividends from 5 per cent. 20,000 shares changing hands. Re-tial increase in the activity of the to 2 per cont. was announced. De vived interest was shown for New Shanghai Stock Exchange are based mand for debentures continued next Engineering. Trams moved further upon good business results of the day, but as regards the list of and International Assurance was individual companies during the stocks, general indifference charae-
past few months. tarized the market. Ewo shares were the only exception, for which some interest was displayed against the decline in varn and cotton. In- creased firmness was noted, but less business was done on Saturday, in
1.72 T.101 $148
$31.00
|89.86
$181
1.945 Do. Debentu. us Humphroy
9151
$140
Asia Resitios “A”M!
$28
Do.
"R"M
$100
Chinese Estates......
Cotton Mill
114.80 Evo
7.144
T.72
Slui Cotton........................
$146
$21.65
$1.05, BO
3154
18
#911 $95
1341
Do, (new)
$17.40 China Lights
Do.
1.K. Electrica ......
Macao do.
812
128
Telephonos (old) ...... $281
$28.10
Do.
(now)
$201
22.15/1
Tio
China B4509 ...................
2'.
Traction aarde
44/-
Do. (pref.).....
Industriais
$27
Sandakan Ligits...
Malabon Sugars
T.14 Caldbeck,
(ord.)
T.104 Maegrogers pref)
38
Canton fees
$14.30 Cemont (comb,)...]
Do. (old)...
8914
+
$151
323
135
$17.45
177
#5.00
$14
星门套
#31
Do.
DA
(Bow)...
$12)
Ropes
$12
$10
Ch: Agricultures ....
Miscellan sow
$27.40
Dairy Farms rare an
328
$1
Dor A Winga..........
Amusements ..............
18
$13
Ch. Etainmenta......
$12
Constructions, (old) $5.30
31.30
Do. _{DOW)
$1.40
$0.40
Laus Crawford.......
801
Mackintosha
Nanyang Tobacco... $4
Sinceros
Watsons (old)
Do now) ***
$10.40
$121
13.38
Wro, Powella
$10
31. Greyhounds
B. C. Enterprises.
United Theatros
69*1
prem. 411.
371
Wallace Harper
$10
China Sports Ltd...
Sasi
H.K. Wing On
De.
8235
$15
B. Ind. G. Bonds..
1.K, Wort, Loan...
..
$16.00
$13
$124
33,90
$21
66%.
$104
LOCAL AND REGULAR OUTWARD MAILS.
Canton...
WEEK DAYE, SUNDAYS & HOLIDAYS
FOR
FROK G.P,O.
FROK SMITNOWAK BRANCH PO,
17.16 n.m. & 7.00
FROM FROM SHEUNGWAN G.P.O.
BENON 2.0.
strong.
High for 1991-32 Low for 1831-32
October 6, 1032-90.57 September 18, 1031-25.65
...July
October
12, 100-10.39
18, 1032-40,70
CONTROLLING THE BRITAIN IS SELLINGcashire textile mills before the
YEN
MORE..
TREASURY IN A MONTH
YOKOHAMA SPECIE BANK'S | £117,000 FOR THE BRITISH
ACTION ON · LATEST· FLUCTUATIONS
Specie
Tokyo. The Yokohama Bank is dissatisfied with the latest situation in the exchange market It will take such action as it deems effective in halting any undue fluctuations in the yen.
WOOL; MOTOR CARS; COTTON: CHEMICALS;
IRON AND STEEL
Britain is still reducing her im- porte from abroad. But there is remarkably little decrease in ex- ports of goods abroad as compared with a year ago.
strike now in progress.
Zoong Sings, T. 11.10. Hong Kong Trams, 821.05. Star Ferries. 801. Yaumati Ferries (Old), $38. Hong Kong Electrics, $78). Macao Electrics, $241. Telephones (New), $281. Dairy Farms, 821.80. Watsons (New), 811, Sinceres, 815.40. Wing On (H.K.), 8233,
Sellers,
China Lights (New); 817. Hong Kong Ropes, 8121. Watsons (Old), #12).
SHANGHAI STOCKS
LATEST CABLED QUOTATIONS
The August figures show a jumped
"
Messrs. Carroll Broa, have receiv- the following latest cabled
T.
5.10
Investment
both as mngards value and quantity.quotations of Shanghai Shares:—
Total cotton imports amounted to China Finance Corp. 935,603 catala (100bs.) against International 422,339 centals in August, 1931.
In value imports rose £612,852 at £2,211,838, against £1,078,988 August, 1031.
to
In
6.00 Trust Co. (Ord.) Cathay Land.........
.... 11.40 Yangtze Finance. Co.......... 0.73 International Assurance Co. 4.45 China Realty Co. ............. 11.10 Shanghai Land
Invert- ment Co. New Engineering and Ship-
Building Works, (Ord.) 8.00 Shanghai Dock and Engineer-
ing Co.
and against Shanghai
Hongkew Whart Co.
The effects of the 20 per cans ad valorem duty on imports from the Irish Free State are to be seen in falling off in the value of eggs imported £100,537 - £152,220 in August, 1931,
At least £180,000 worth of goods have been imported from the Irish Free State in August, on which the duty at 20 per cent. will have yielded £117,275 for the month. Cattle imports were valued £158,130, against £005,000.
nt
Since the reimposition of the gold embargo in December last, the Specie Bank has adopted a laine: That is one of the salient features jaire policy in the exchange busi of the Board of Trade Returns for ness, and refrained from interbank | August. transactions. This policy
Here are the official figures: Total however, given up in the middle of
Imports. last month, and when unreasonable
Exporta.
£
.# ratos have been quoted by town banks, the Yokohama bank. has not Aug., 1932 33,312,814 32,043,245,, rivals show a decline from £369,911 hesitated to make interbank bran- Ang., 1031 ... 65,281,013 32,080,000 to £150,021. anctions.
July, 1032 ... 51,091,403 32,608,445
Comparison with a
year ago
24.50
00.00
.220.00 Shanghai Electric Construc
31.25 tion Co. "B" Ewo Cotton Mills 14d.......... 14.00 Shanghai Cotton Manufactur-
ing Co,. Zoong Sing Cotton Mills Ltd. 11.00 American Asiatic Underwri
72.00
ters (Ord.)................................... 20.00 American Oriental Finance
Corp. "B"
...... 23.00 £35,950 Asia Realty "B" Bacon purchases were
****** 96.00 Shanghai Power Ch. (Prel.) 91.50 against £123,579, and butter ar Chinese 5 per cent: Gold 8
2017
Adverse Balance Falling.
In consequence of the further
On Tuesday morning (4th), when. the National City Bank quoted shows that owing to the import buying rate of 823-1/8, the Specie duties our August imports, at drop in imports during August,
down by
Bank readily responded, thereby | £53,312,814, avoiding any anomalous faly in the £11,008,220,
were
rate. This attitude on the part Total exports, on the other hand, of the Yokohama Specie Bank is aro £943,524 lower at' £32,013,215. having a favourable impression on The principal increases in exports the market as the most effective in August were ; measures for stabilisation.
Another remarkable feature is
the acceptance rates quoted by the Cotton yarns and
§ 7,15 mm, & † 7.00 am. & Yokohama Specie Bank to mor- {3.00 pa
With no official
manufactures "Other" textiles
Increase on
and the maintenance of exports at the level of recent months, our ad- verse balance of trade continues to
be substantially smaller than at this time last year.
For the first 9 months of 1932 our visible adverse balance amounts to: Aug, 1931 £184,038,930, whereas at the end of August, 1931, the amount by which £280,833, our imports exceeded our exports
was £210,053,400.
108,000 318,203 Chemicals, colours, etc ...
Other trades to show increases are | motor-cars (private and commer cial) at £232,438, against £157,837
17.00 px.
chant houses. 1,00 K.
rates which used to be published Sam. & daily before the reimposition of the
gold embargo-the acceptance rates; are now the only method of gauging the attitude of the Yokohama a year ago, iron and steel manu-
factures and woollen goods. Specie Bank,
1.80 pin, Sundaya 8.80 am Lonly
17,00 p.m.
Esmehul and Fachow (Hy)
direct steamer)
དྷྭ་
1,00 p.m.
1.00 p.m.
18.15 am.
}
!
Li5 p.m.
Macao & TrinsaRD
(7.16 nan, & | 7,80 matus,
1,18 F.,
11.30 p.m.
Bunday 8.18 B.. only
Jongmoon (except Baturdays) Kankong (etoopt Saturdays). Fatahan and Wuchow (By)
Train)
6.00 p.m.
6,00 p.m. 4.00 p.m.
8.00 p.m.
6.00 p. 6,00 p
-7.15 am.
( 1.00 à‚m, di
→
1,00p.m.
8.00 PR BECOME. L 8,00 pan.
(1.00 p.m. & 16.00 p.
7.15.
11,00 am,
9.00 ..
11.00am.
$11.00
&5.00 p.z.! 8,001. £1.00 1
The recovery of the market rates on Tuesday afternoon was due largely to the raising of the accept ance rates. The Yokohama Specio Bunk, however, exercises ovary.
eaution in altering its rates, and there is always some delay in its action.
In is noteworthy, however, that! by dropping ita faimei, faire policy and altering its acceptance rILES,"
Yhamchan
Cheungchow
FILO
Aberdeen dianley Pingshan, Bantia — Shatin, Skataukok and Sheung-
8.00am.
***
12,50 p.m.
8.80
830 am,
10.30
ang pm.
1.30 0.10
10.80 #
smtán, Elekk) & Taising :
*7.00 y zn.
*1:00 p.m
ket.
Trades to show increased exports for the past 8 months of 1932 as compared with the corresponding period of 1931, are:
Cotton mauufactures
Increase.
4,832,402
Cutlery hardware, ete 111,008 Chemicala, colours, etc 391,770
Cotton Strike Blunder.
-One-feature of the Returns-is-a-
the Yokohama Specie Bank should' big increase in raw cotton imports.
be attempting to control the mur This movement reflects the greater
1
AMERICAN ORIENTAL FINANCE CORPORATION
through its Agent
Asia Lands Limited
Gloucester Building
offers & COMPLETE
BROKERAGE
SERVICE
in
NEW YORK BYOCKS Full and Odd Lots of listed Bocubes bought and "wild" for "cash or carried on conservative
margia.
confidence which existed in the Lan-| Phone £6200, - Cable, ASIALANDS
Bonds
1925
ASSETS
£13,000,000
"
Although more expensive to the. consumer, Empire teas are actually. cheaper to the distributors than last year, even with the duty included.
The following statistics show the weekly average of price per lb. and the number of parkages offered for sale lust week. These, when com- pared with the figures for the cor- raponding week, 1931, show a con- siderable decline in price and an increase in offerings. In the case of the Dutchgrown teas of Java and Sumatra, though faced with the preferential duty, their offerings are not much less than last year.
Pkus.
Week's Week's for
Pack Av. wook.
AROS. Price. 1931,
Áv. Price.
Northern
India 47,853 10.16d. 40.412 3s. 2.30d. Southern
India 0,905 3,9d. 0.230 8.2d. Ceylon 31,502 8.6d. 23,446 8. 4d. Nyasu
land 339 5.49, 230 Java 8.113 4.37. 6.397 Sumatra 3,317. 3.60d. · 3,602
6.6d.
7.Bd. 6.470.
This depression is largely due to the fact that distributors bought big quantities of tea before the dution name into force, so that they have still adequate supplies on hand. The increase in packages offerod is explained by the exceptionally good Indian crop.
The Morning Post understands that several firms of tea-growers have written to the India Ten As sociation, requesting it to take ad- visory steps with the Government. A higher preferential duty has been recommended, with the alternative of a quota system for Dutch ten.
Meanwhile, expenses having been cut in every possible way, the pro- ducers will be faced with grave conboquetices unless market prices rise
EXCHANGE.
CLOSING QUOTATIONS,
Di London:-
October 24, 1939.
Telegraphic Transfor... 1/3k Bank Billa, on demand 1/37 Bank Bill 4 months'
Right....... ....... 1/4. Credits,
night
Or Panie:
4 months
Bank Bills, on demand 570 Credits, 4 months' sight B10 On New York !—
Bank Bilis, on demand 291 Credits, 60 days' sight. 238 ON BOMBAY :-
Telegraphio Transfer Bank, on demand Un Calcutta!--
Telegraphio Transfer Bank, on demand ON' SHANGHAI:-**
Bank, at sight ON YOKOHAMA :---
On demand
87#
Je
#B
O# Manita-On demand... 45 ON BINGAPOR
On demand ****** 587 On BATATIA:-Do demand, 851 От Дадона:
On demand.............
Ox Bugos:-Op daand ON BANGKOK
On demand
67
a 1401 HOVEREIGNS, Bank's Buying
Bate
1/48 Bas Siva par (6 um 17 11/16
BÝ APPOINTMENT
CLAIMS PAID
£40,000,00
GENERAL
ACCIDENT, FIRE & LIFE ASSURANCE CORPN, LTD.
All Classes of INSURANCE
WORLD WIDE
ORGANISATION
AGENTS
JAMES H. BACKHOUSE
CHATER-ROAD RE. 21733,