DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE
SHAREBROKERS ASSOCIATION,
Eurore Bathurs
SafeNomni-
WEDNESDAY. 00T: 26.
Banks
£118
£14
$1,606
$1,670 FK. Banks.....
Do (London)... Chartered Banke ....
£23 Mercantilo Bks. "A"
Bauk of East Asia.. | $107
N. 0. & S. Barks
2141
Do.
"0"
31.375 Canton Loantensee..
100
93)
International Ao00..
skipping
Douglases
季
YAJPIUHT
HONG KONG DAILY PRESS-
2017 TUAG OZOIT OMME
-OCTOBER 27, 1932′′′′
MONEY AND MARKETS
SENSATIONAL FALL IN WORLD ECONOMIC
STERLING
EXCHANGE RESERVE IMPROVEMENT IN
CHECKS DECLINE
STUD
#28 to
Am. O. Fin.Corp M
China
Fin. Corp. Ord.
$1,80
Da
Do.
Pref.
Insuranose
5616 Union Insurances...
Underwriters... $2.95
$1,349
3620
China Fires
$515
144
$1,200 $4.10
H.K. Fires
$875
REUTER AND BRITISH WIRELESS.]
$1,200
Steambonty
3241
$45
Indies (prof.)
$32
Do defi
657-
47/0
Shalla
Water-baita
C4).
Mining
$181
$3,80
Venezuela Oold Fld».
Banguotsa
*
318
$3.85
23/9
Kailans
15/.
1.4
1210 Explorations........
T
T2.30 Shanghai LosamTM .....
T.zi
WB4
Paid
***
Raubs
T.
19.90
rat
10/0
**
**
$1454
$44.98
*-
Langkats (single)...
Tronoh Mince...
17 ots Denguet Explorations
Dooks, Wharfen,
Godowns, sto.
Providente (old)$4.85$4.95
H.K. & K. Wharvos.
$2.29
$28
H.K. & W. Docks
Do. (LOW)...
$10
8. China Mator A
**
SH
Do.
T.99 Shanghai Dachi
24+
$32
tur
******
$13
***
(new)
$701
1.61 New Englacerings
T.15 Hongkews
$11.40
|Lands, Hotels, and
Buildings
H.K. Hotele (old) | sis
Do.
FI.K. Lands.
T.:41 Shanghai Larda
The Metropolitan Landa..
1.85B.K. Healties.
T11.48 Chips Do
Do. Debentu.es
+
$148
$2.10
520
$10
Losnox, Oct. 28. THE sensational slump in the value of sterling is causing sene anxiety in Britain, though the City attributes it to influences af a seasonal character.
BRITISH TRADE
(THROUGH BETTER'S AGENCY]
CONFERENCE
REPORT OF FURTHER POSTPONEMENT
(THROUGH REUTER'S AGENCY
Ottawa, Oct. 93.
INDUSTRIAL CRISIS IN BRITAIN
EXPORTS DOWN?
UNEMPLOYMENT GROWS
(REUTER AND BUITISH WIRELESS.]
LONDON, Ooti 6 25: – 1
HONG KONG STOCK MARKET
YESTERDAY'S ORITETAL
QUOTATIONS.
Following Tuesday afternoon's " fimness in the investiment section, there was further, appreciation in THE failure of the National Gov. these issues yesterday morning, but ernment, to contribute anything very few shares were in sight. The of importance towards remedying speenlative issues, on the other. the industrial crisis in Britain was
hand, were distinctly quiet.
fales, implied in a question submitted to the Prime Minister in the Houre
REPORTS of the probable further of Commons to-day.
pustponement of the date, of
The
growing unemployment the World Economic Conference are figures, loss of export trade and LONDON, Oct. 20.
based upon some foundation," | the weakness of sterling were quot- FINANCIAL circles are confident
that sterling is strengthening said Mr. R. B. Bennett, the Cnna-ed as evidence of the weakness of the round international dian Premier, replying to a ques
the Lloverament's policies, rumour fizzles out
as
Mr. Ramsay MacDonald, reply. ing, said the
Government striving its utmost to improve the
situation.
Waa
Lion by Mr. Mackenzie King, the It is pointed out that since the nbandenment of the gold standard, Liberal leader, in the House of
British Government Commons. Uneasiness about the situation long-term
He added that discussions were reflected in the number of securities have risen by about fifty times the matter was mentioned in per cent, while the dollar value still continuing in respect of the to provide in every way in their the course of to-day's sitting of the House of Commons.
the
of sterling has fallen about thirty i per cent., but
purchasing power of the pound over commodi- ties is actually higher than a year
Mr. James Maxion, during a dis. enssion on Government policy in the industrial crisis, drew atten- "80; tion to the fact that the pound had The Financial Times remarks fallen to the lowest point since that if the recent course of sterling avarying TU Britain's departure from the gold is regarded lens" as
$10
$153
standard, in addition to which the moasure of its gold value, than as depression appeared to be despen-indicative of its purchasing power, ing.
the position may be seen in a truer light.
Premier's Request.
The Continent is more concerned in the course of sterling than the Home authorities whose apparent passivity has puzzled them.
date of the conference.
SILVER URGED AS CURRENCY
M. CAILLAUX JOINS ADVOCATES
THROUGH REUTER'S AGENCY)
Its policy would continue to be
power, the conditions requisite for a national revival of trade and industry, by balancing the budget, | by converting the national debt ta a lower rate of interest as oppor tunity offered, and by facilitating supply of cheap and abundant money by stimulating trade within the Empire and by negotiations: with foreign countries for the ro moval or reduction of the existing barriers to international trade.
No country, he added, could hope- to escape altogether from the effects VIENNA, Oct. 23.
of such a state of depression ns now existed throughout the world, THE restoration of silver as cur
but on two of the points mentioned rency was urged by M. Cailin the question, namely production
The Prime Minister urged mem 98.86bers of the House not to take odd days, but extended periods when
In Berlin the drop in sterling comparing the value of sterling,
Later the Opposition urged Mred to result in increased British
has aroused anxiety as it is expect-laux, the former French Finance Neville Chamberlain to make મ
competition in international mar. Minister, in the course of an ad- dress on the world crisis before the Paris economia Austrian League of Culture.
Millions of people in India and authority stated that the uncon certed French attack on sterling China, he declared, who lacked gold, was attributed to a fall in season-had been lost as buyers on the world al requirements, the December
:
1.96
$16
Humphreys
1-$140
Asin Realties "A"M
1198
Do
M
$100
M
Chinese Estat......
Cotton MIDI-
T1480 Ewos
T14,80
[T14.80}
T.71 Busi Cotton
T.78
Zoong Bings
T11:|
Wing On Terülos(9)}
3146
Pabllo Utilitie
321.65
Tramways £21.75
$21.60
$16
Fook Teams (old).
TH
Do. (now)...
$72
Star Ferries $914
Youmati
Ferriss (old)
#30)
Do. (new
384
$17.30
$17
$17,48 $17
877
$775
$12
$29 $28.90
T:10
Bat
14/
·RI
35
**
177
China Lights (old)... | $17.36|
Do. (new)...
H.K. Electricsures
Macao do. Hav
Sandakan Lights ..; Telophones (old) 10*** $29
Do. (129)
China Buses...
Tractions an
Do. (pret)...]
Industriali
Malabon Sugar..
Caldbock,
[(ard)
T10 Macgregors pref.)
Canton Ivos
Cements (comb.)...] $14
Da. (old)...
Do. (now)...
Uh: Agricultur
Dairy Farms...
***
$291 29,29, 40
1-
***
kan
row
$26
***
05.76
13.85/95
311
++
$12,40
$14.30
131
el
Ropes
#10
Miscellaneous
$ZA
$1
Der A Wings......
310)
Amusortentan
$18
$13
Ch. Etainmonia...... $12
Constructions, (old)| $0.30 ·
31.36
Do
(new)
31.46
158240. Lane Crawfords...... $0.40
**
13.38
Mackintosh...
Nanyang Tobacco... $43 Sinceron
Watsons (old
Do.
(new)
Wm. Powells
$10 M. Greyhounds......
69
prem. 44,
311
$10
$235
statement on the payment of Bri tain's debt to America, an instal. ment of which is due shortly.
The Chancellor of the Exchequer
did not reply.
kets.
An eminent
debt payments to America and the market, and if silver currency was. cheapness of money in London restored, they would again become scaring away, capital.
potential buyers.
M. Caillaux also urged the drop-
Equalisation Account, Answering a question as to whe ther speculative attacks on sterling I had been, checked by the Exchange
Equalisation Account, the Chancel- An improving trado in cotton, lor of Exchequer replied he was yarns and piece goods is indicated ping of Customs barriers. unable say to what extent specula hy the fact that thirty-eight mills tion in exchange existed, but he belonging to the combined Egyptian had no doubt that the reserves of mills are more fully employed than foreign currency in this account at anytime during the last three acted as a deterrent against the years. There is a bigger demand activity of speculators.
and more optimism is prevailing.
The purpose of the account was to prevent excessive fluctuation in the value of the currency and it' was never intended to keep ex- change at a fixed price or to keep i. it within a fixed range of values] in opposition to seasonal or other' tendencies.
New York Position,
After a further decline to 15.60 183.28, sterling on New York re $13
covered to-day to C83,301,
$3.30
M
វ
8. O, Eater prises United Theatro IL Ind. G. Bonds,...
H.R.Ourt Lom
Wallace Harper...{ China Sports Ltd.... H.K. Wing On ..............) S'hai Da
$285
...... $215
LOCAL, AND REGULAR OUTWARD MAILS.
SIC4
SUNDAYS & HOLIDAYS
Глом SHYUNGWAN BRANCH 20.
BRITAIN'S COAL EXPORTS
FAIR PLAY SECURED
IN FRANCE
[URITISH WIRELESA SERVICE.]
*
BRITISH TARIFF PARLEYS
MANY COUNTRIES INTERESTED
[DRITISH, WIRELESS SERVICE.]
RUGBY, Oct. 23. THE Foreign Under-Secretary, Capt. Anthony Eden, stated in
last
Providents (New) 82.20, Hotels (Old) $12., Hong Kong Electrics #771. Telophones. (New) #28{/29.10, / Sinceres 813),
Buyers.
Underwrit:rs $2.85. Douglases 825. Waterboats 8207.
Rauba - paid up $10, Venz. Goldfields $3.50. H.K. &K. Wharves 8145), Providents (Old) 84.85. Hong Kong Lands $76. Zoong Sings Tis. 11.10. Hong Kong Trams $21.35. Star Ferries 801). Youmati Ferries (Old) 833, China Lights (Old)` $17.30. Electrics $771.
Macao Electries #251. Telephones (Old) $291. Telephones (New) $28.90. Dairy Farms 28. -Watsons (Now} $11.
Sinceros $15.
Wing On (H.E.) $235.
Sellers.
China Lights (Now) #17. Cements (Combined) $14.30.. Watsons (Old) $12). Constructions (Old) #6j.
and exports, Britain had remained relatively unscathed since December, whilst great declines were LESS SPECULATION IN occurring in the United States, France and Germany.
FINANCIAL NOTES
TIENTSIN-PUKOW RAILWAY
Hard:
METALS
London, Oct. 7.-All animation has died out of the Metal markets for the time being. Speculative in- térést is evaporating, and prices are lipping back after an almost un- interrupted rise for several weeks. When industrial activity revives London, Oct. 7.-Bondholders in there will undoubtedly be an is the Anglo-German issues of the creased demand for all base metals Chinese Government 3 per cent. but meantime the market is largely Tientsin-Pukow Railway loans of living, upon hopes-Evening Stan 1009 and 1010 will be interested' tá learn that the Chinese Centrál Rail- ways, who were the British con- tracting party in the agreements for these loans, have been officially noflied by the Ministry of Rail- ways at Nanking that the railway administration is now setting aside from the earnings of the line
PUBLIC AUCTION, monthly deposita in a special ac; } count in the Bank of China at of the Sale by Public Auction to BARTIQUÍARS & CONDITIONS
Nanking, in order to accumulate be held on MONDAY, the «JOY DAY funds for the purpose of meeting of OCTOBER, 1989, at 1
at the
-ADVERTISEMENTS.
'
Order of His EXCELLENOX TAN GOYAN by the House of Commons that since loan obligations in default. In this Offices of the Pablig: Works Department, the beginning of the year, many special account it is intended in won, of One Lot of OKOWN LAND countries had expressed a desire to deposit sums varying monthly in at Ms Tea Wei is the Colcay of The low price is attributed in
RUGBY, Oct. 3.
with the option of renewal at Crown enter into, tariff negotiations with amount which in 12 months will g Kong, for torms af. 75. yourse City circles to influences of a sea. QUESTIONED in the House of Britain. In each case, it had been aggregate approximately 81.100,000 Rent to Lexus Ranfor our further
HIS Kind one sonal character which are naturally Commnos regarding the nego explained that until the Ottawa Chinese currency (about £90,000). term af 75 years. more marked niner the departure tiations with France and Germany Conference had ended; the Govern Although such an amount is very PARTICULARS OF THE-LOT from the gold standard and are on the restrictions imposed upon accelerated by telling by foreign imperied British coal in those cat was not in a position to enter small in relation to the sums in default, it is an encouraging sigu Auch negotiatiors. speculators, whose operations are countries, Mr. Runciman said the
that the Chinese Ministry of Rail- The countries included Argen ways is taking steps to meet these considered to be attended by a con- representations made to the French siderable measure of risk to them Government were directed towards ine, Belgium, Colombia, Costa obligations and it is hoped that the Rica, Denmark, Esthonia, Finland, monthly allocations may be con- Franco, Germany, Iceland, Lithua siderably increased in course of |nia, the Netherlands, Norway, Peru, time.--The Timee.
Poland, Santo Domingo, Sweden, Switzerland and Uruguay.
Belver.
securing that the British con! ex-
On the London Stock Exchange port trade should receive treatment to-day, the feature at the close was not less favourable than that ac a sharp recovery in the leading corded to other countries exporting British Government stocks, especial coal to France, and the object had
been achieved. ly War Loan Asanted which is $7.15 am & 17,00&qunted at one hundred and two. Į 8.00pm. 17.00 p.
WEEK DAYS,
ruž
FROM 0.1,0.
Frox
BRAKON PO.
FROK G.P.O.
-and-Wunhữn” (By: direct ebeamer)
} 7.18 am, & {4.00 p.10.
(7:00 p.m.
4,00 p.m.
*4.00 po
7,00 M.
J
4.00p
**9:00
(8.26 am, & (8,80
NEW INDUSTRIAL
1.15
(7,15 m, & [ 7,80 mm2.
- 1.16.
1.30 p.m.
Bidays 18.15.
1.80 p Sundays
CONCERNS
only
Loup.to.
8,00 p.ta
8.80 only 0.00p.m.
FOREIGN FIRMS IN
0.00 p.u
1,00
7.15 m.
1.00p.m.
11.00am
ƒ 0,00 km. &
9.00 $
Kiscs & Tinabat
tangianów (excrff Baturdays) 5.00 p.m. Kakiking (s1oopt Baturdays).
"stshad” and Wuchów (By'
Train)
hunghun
www
***
18.00 p.
0.00am, & 1-8.00p.m. 13.00
PM.
800
m
Aberdeen Stanley
*+
11.80 pi
8.30
ani Bantin
Bharag
Námtan, Bbakki & Taiping)
******* 91'2
•11.00 the ty
16.00 pm:
177 | 900a.m.
7.00% m
ILOO 8,90
-10.00 11
7.00pm
ENGLAND
[BRITISH WIRELESS SERVICK.]
Ruany, Oct. 95, IN the House of Commons, the President of the Board of Trade, Mr. Runciman, said since the early part of July somo fifty additional undertakings had been set up in Britain by or with the assistance of foreign concerns, and had begun production.
Since the Ottawa Conference, the The German Government had not Government had indicated its readi suggested that the question of ness to enter into negotiations with realriction of import of British Argentine, Denmark, Iceland, Nor- coal should be discussed between way and Sweden. the two Governments.
TEA EXPORT
REGULATION
LONDON COMMITTEES CONSIDER
· UNITED
MOLASSES
IMPROVEMENT ·
Londen, Oct 7-The directors of United Molasses are able to show an encouraging improvements in' been considered by the committees results in their latest interity s of the Indian Tea Association, the port, the not resulte for the half Ceylon Association, and the South year being a surplus of £45,000 in India Association in London. The contrast to a defeit of £135,000 for the corresponding six months. It committees have suggested minor al-
is anticipated, however, that the terations and are now waiting to
resulta for the second half-year will hear whether they will be accepta le
be less favourable when a substan in Java and Sumatra
tial_sumwabe-required-to-pro- It is pointed out that the whole vide for the difference between our scheme must be submitted to in-rent values and the cost price of dividual mainbers of the three As- Eastern supplies; this is due to the sociations and also to the local As depreciation in sterling exchange, PROPOSALS for the regulation of socialions in India and Ceylon purchase contract in the East being ten exports, submitted by pro- before the Governmeals of India in gold currencies, while the bulk ducers in Java and Bumatra, have and Ceylon are approached for co of the Company's sales is in sterling. QUBAlfiuen al foot of next_column.) | operation:
(THROUGH BEUTER'S AGEÑOY,]
LONDON, Okt. 25,
London Daily Telegraph.
Kowlo n Inland
No. of Sale.
No 30 Registry No.
Prince Edward Bond.
Locality
Boundary
· Moscuro-
monte:
Awpor
plan
Abent
Square feet.
ร
168
AMERICAN ORIENTAL FINANCE -- CORPORATION CALdel through its Agent
Asta Lands Limited
Gloucester Budding
COMELERE. BROKERAGE SERVICE
NEW YORK STOCKS
·Fall and Odd Lots of listed Segurities bought, and wold Fork pash or carried on conservative maigio.
'Phone 28280; Cable: ASIALANDS,