MONEY AND
NEW YORK STOCK EXCHANGE
A.O.F.C. QUOTATIONS
ĮREUTER'S AMERICAN SERVICK)
HONG KONG DAILY PRESS, FRIDAY, DECEMBER 16,
MARKETS
LONDON EXCHANGE
(BRITISH WIRELESE BERVICE.]
E. A. Pierce and Co. Report. The market action to-day is considered quite surprising and unexpected. Absence of liquidation continues to be a strong talking point in favour of the market. The list is again approaching the upper limits of the accepted trading range and will probably get a test to-morrow of its ability to go through on the
upside
Business Dope: 1,010,000 shares.
LAST SALS
Berlin
189
-
10
Shangha
Hong Kong
29.83/39 17.07
30 nom.
Paris
841
New York
New York: December 14
Dow Jones Averages: · High-1938
Low: Dec. 13
Montre)
3.70
Dec. 14
Change
30 Industrials
88.78
41.32 60.34
61.93 1.50 up
Brussels
20 Rafiz
41.30
13.23 97.47
19,16
60 up
Geneva
20 Utilition
36.11
∙16.5397.70
98.23
63.up
10 Bonds
83.26
65,78 77.45
77.45
Amsterdam
8.17
дово
Milan
-94.3/18
13.504
Stockholm
18.32
Copenhagen
19.30
Ogla
19.40
Vienna Prague
27) nom. 110
1932 Hiou
Div. $
Helsingfors
Low
PER.
SH,
Déc. 13. Dec. 14
Madrid
Lisbon
1081--
BIA
87
73
3.00 Air Reduction...... 6.00 Allied Chemical & Dys 4.00 American Can
859). 850k
Athens
821
Bucharest ...
560
532
55)
Belgrade;
345
137
714
80
0.00 American Tel & Tel.: 18.00 American "Tobacco "B:
1084
Rio
6.nom.
601
Buenos Aires
Nominal
Anaconda Copper Mining
Montevideo
4.00 Auburn f
2.00 Bordca Company Canadian Pacile.
43).
• E5
Bombay.
1/63/16
1/7/16
1/4.1/3
1.00 Chrysler Motors...
Yokohama
1/33
4.00 Consolidated Gas of N.X.
Silver (Spot) ......
174
4.00 Drugi, Inc., .......................
Silver (Forward).
17.3/16-
200 Du Pont de Nemours
War Loan
3.00 Eastman Kodak
6%. Electric Bond.& Share"
18}
0.40 General Electric
10)
2.00 General Foods.
948
1.00 General Motors
13
10
1.00 Gillette Safety
18
181
1.20 International Harvester
221
234
140
International Tel. & Tel.
笑
66
4.00 Liggett & Myers "B"
55k
13+
3.00 Loew's Inc.
291
2x d
Montgomery Ward.
134
141
2.80 National Biscuit
411
2.00 Pacific Gas & Electric
201
2OZ
Pennsylvania Railway
14)
157
Radio Corpa.
st
53
Sears Rocbuick.
1.00 Standard Oil Co. of New
Тетвеў
201
0.40 Socony-Vacuum Corpn. J. 1.20 Union Carbide & Carbon ...
72
71
0,00 Union Pacific-
United States Steel Westinghouse E. & M.
241
70%
32%
CURRENCE***********»**** *****
191
D4
43
****~38F-RTS ARE COTA ACCENDO SERDE
JAPANESE SHIPPING
POLICY
NO. MORE FORKION VERSELS
sels for their services. This will, however, spoil the Government sub sidy scheme to build new vessels..
RAW SILK IN U.S.
SHARP FALL IN DEMAND,
A sensation has been caused by a sharp fall in the demand. The United States Silk Association an- nouncer that the Novemhur con- sumption was only 43,983 bales or 9,716 bales less than October: This consumption indicates a shrinkage of 6,600 bales from a year ago. Imports were 1,354 bales less than thoas, in October, but in view of the poor consumption, the month- end stock increased by 3,467 bales to 57,832 bales. Details are. 48 follows
Con- Month- mmp- end
#tock Imports tion European... 1,194. 471 2,658 Japanese 42,574 41,414. 49,420 2,07.0 8,847 Others 3,850
43,033 57,939
-0,748 +3,467
Compared with
"Oct. 11,353
comprehensive plan seems to have been devised.
According to the above resolution all membore will not only refrain from importing old vessels but also The Japan Shipowners' Associa
refuse chartering vessels, impbrted tion, at a special committee. meet hereafter. This resolution will be submitted to the Directorate, and ing voted for a prevention, of theith its consent, will be formally import of foreign vessels. This re-voted for at an extraordinary meet
In this connection, it is interest solution was passed with a viewing to be held within the year."
ing that shipping operators are to making the Government ship- Loans for Small Shipowners. I now active in borrowing their work- ping standard improvement scheme
Small shipowners who will not freight revenue. The Japan In- ing funds, on the security of their successful.
Tenjoy the Government
subsidy dustrial Bank, Kobe, used to loan Stimulated by the recent slump scheme demand a banking organ be Y300,000 to 500,000 for this parti in the ven, as well as a marked established so as to enable them to cular account, but the loan total improvement in shipping trade, the obtain better facilities. The matter to-day is twice as much. The Yoko- market quotation on old vessels has is being discussed by the Japan hama Specia Bank and the Mit sharply advanced, and many opera, Shipowners' Association, but no subishi, Bank, are also active. in tors are inclined to import old ves-¦: (munjos „smau uo panujnoj) making similar loans, it is learned.
SmaguŲ SU PAN
Of interest to every
British
Business
Man!
BRAINS
BRITISH DESIGN
RIGHT THROUGH
LABOUR CAPITAL MATERIES:
The Impenal is designed and made in England ple who understand. English requirements.
malle typewriters, imported from
using the metric system, lack such typical
* Imperial" keyboard has six extra ters just those symbols which the English typist has always needed but rever possessed. In construction," the " Imperial is a "sound British engineering job with all that the phrase implies,
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL
REPORT:
After yesterday's deding, rates for the time being have steadied somewhat and a fairly large tum over of cash shares were booked, Hotels, Cements, Lights and Real ties changing hands at 89.80, 803, $13.20 and 873 respectively.
To the investment section Banks were dealt in at $1,655 and Electrics at 875, whilst Urians improved to 13271 buyers,
Tliere was also a fair amount of dealings in Ewos between Tls. 14). to Tls. 14.40 pjosing at Tls 14.33 buyers.
Hong Kong Banks, $1,888. Hotels (Old), 89.00.
Hong Kong Lands, 876, Ewa Cottons, Tis. 14.30/14.35. China Lights (New), $12.80. Hong Kong Electrics, $75. Cements (Combined), 89.20/9.30.
Hong Kong Banks, $1,. Lion Insurances, 7627 Dougleses, 890
Raubs, 11.15.
Benguet Explorations, 3 cents.
Hotele (Old), 80}.
Hong Kong Lands, $74). Realties, 8730.
Chinese Estates: 995, Eye Cottons, Tia 14,35. Star Ferries, 8904 China-Lights (Old), 812.90. Macao Electrios, $28.05. Telephones (New), $25! Dairy Farms, 828). - Govt. Loans, el preu.
Sellers
Providents (Old), @4}-u_ Hong Kong Lands, 875), China Lights (Old), 813.40. Malabon Bugars, 8271, Cementa (New), $1.00 Hong Kong Ropes, $11. Agriculturals, 88 Constructions (Old), B5), Wallace Harpers, $10.
AMERICAN, ORIENTAL FINANCE' CORPORATION
A COMPLETE SERVICE
A complete brokerage service for New York Blocks in available at our local Agenta:--
Asia Lands Limited
Gloucester Building. Daily Quotations sent-gratis
"--upon request.
Imperial
MODEL 50
PATRIOTISM THAT FAVOURS. TH POCKET
It is, of course, patriotic to "buy British" in any oase. But to purchase a British product that is not only CHEAPER but MORE EFFICIENT than the corresponding imported article, is to combine patrio tism with economy
Which is only anot way of saying
INSTALL IMPERIALS for ALLROUND EFFICIENCY.
REISS, MASSEY & CO. LTD.
Queen's Road Central Hong Kong,
SANDAKAN LIGHT
COMPANY
POWER DAILY SHARE QUOTATIONS
NET PROFIT. $21,000,
Light and Power Company (1549), Limited in their report to the shareholders at the tenth ordi yourly meeting to be held a head office of the company, St. George's Building, Hong Kong, on Friday, December 23, ag 19 oclock (Noon) state
The Profit on Working 40
count, aft
charging Depreciation (825,433.90) and General Managers'
Commission, is to which has to be added from Tavest
$31,129.79
ments Interest, and Scrip Fee totalling *7,658.29
After providing for
· Directors" - and “Au- .
ditore Fees......93,569,43 Commission to the Mannging Agents
at Sandakan ... 9,077.14 Sinking Fund to roplace the Value of the
Com
pany's Con. cession
838,981.01
Provision for De-
preciation on In-
ents 9,028.03.
18,309.62
90,771.30
The Net Profit for the
year amounts to
This amount has been transferred to General Profit and Loss Account, which now showe a gredit balance of $2,329.38,.. after wiping out the debit, balance of 818,449,03 brought forward from last year.
ITRINET
***
$7,80
Director:-The Directors of the Company arer. A. L. Shields (en-oficio), Chairman,, the Hon. 195 Mr. J. P. Braga, Mr. C. A. da T.14 Roza, and Mr. 8. M, Churn,
Mr. C. A. da Roza and Mr. 8. M. Churn retire, but being eligible offer themselves for re-election.
The Accounts in Hong Kong have.
been audited by Mense
Messi Low Bingham and Matthews and Mem Percy Smith, Bloth and Fleming, who retire but offer themselves for
HONG KONG STOCK
EXCHANGE
AMTHITTUUNTANU HULIARI
SHAREBROKERS/
Nomina!
THURSDAY, DEC 15;
Baywa
$106
438) Canton $260 Under
une, 1 Union Insuranosa 4610. -- China Fires mou
1,130 H.K. Fired.....
1.4.30 International Amoe.
Douglas Steamboats
$45 † Indow (pre£))) -Day
· Shell" 1901 Waterho
$18
48/9)
19460 $1.60
Providen
Do.
$10
11.K&W Doakci
8. China Moton”
Do
Shanghai Poskɛ.
19
Ts.fol New Karinoerings
1925, Hongkars
18,50
~H.K. Hatalı (old).
Dp
(new)
876
H.K. L
T.24) Shanghai Landa
419 Matapoliten Landı..
TIL40 China Bo
Da Debenturer Humphreys
|M$140| Axin"Renition “A“ IM128
14:30), 40
Da
Chinese Estates......
Doston -MEM
Ewo
#r31) S'haf Cottons..
7.11 Zoong binge
$130 Wing Ou
*1525
GHOUTKE LEKAR
MMUN:
$108
12,00
65/
48
16/8
16.
$9.78
$70
$7.20
W
$146
Pabl
$15]" || FORK/Arame (old)
Do
371
$15.
$76
Ubina
SERIE
313 10.
Sandskark Zlijk kai Telephonen (oli) *****
(new)
·T10:
19/
December 15, 1932
EXCHANGE
CLOSING QUOTATIONS
ON LONDON:
* Telegraphic Transfor..... 1/- 1. Bank Bills, on demand 1/3) Bank Bills, 4 months
sight i
Credits,
**;*Light
ON NEW YORK:-
months'
1741
Back Bills, on demand ei
Credits, to daya' night, 29):
ON PADIB
Credits, 4 months' sight 58
Chink Buses
Tractions
Dopra
Malabon Sugars ás Caldbeck,
Cemente (comb
Bank Bille, on demand zic
318,40] Ch/FU
Construction,/104)
31.40
[$5.40
Fatirto
ON INDIA
Telegraphic Transfer...
Bank, on demand
ON SHANGHAI;—.
On Demand
ON KÓD:
On demand
ON MANILA
On demand
ON SINGAPORE:-
On demand.
ON BATAVIA
20h demand. ON BAIONA -On demand
ON BANGKOK
On demand
SOVEREIGNE, Bank Buying
Rate
BAR BILTER, Der. Of
$21
1a
$12
Cat (now) $1,30
Nanyang Tobacco.. Binceren ko. Watsons (old)
$11.40) Do.new)
· 381-
W Powells
M. Greyhounds
13.86
$10
BC Enterprises
1.5
United Theatres......
09").
3. Ind. (18 Budd.
247
BAN
Post $10.
China Sport Lite!!
1236
B.K. Wing Qanun
મ
S'hai Do
UNCLAIMED TELEGRAMS
AT THE EASTERN EXTENSIÓN,
AUSTRAL
TALEGR
-'ADDERSSED
Jin Andrew & Connaught
Road Miss Barton Fasten
from London Steamer Comorin Care F. & 0.
6. N. Coy
Bhath care
Hotel
Noor
Hunter 8/8
R. 41
Kakey!!
Neville Fogerty Cook
| Earnshaws"aldau
Hong
H.K. Gork Loans. $102)
Wallace Harper m
$30
LOCAL, AND REGULAR OUTWARD MAILS.
CHINA-
Simulai and
direct ster
Davidstowpć
Kongmoon (storpt Saturdays)
WEEK DAYS,
G.P.O.
ERTUNGWAN BRANOR PO,
$7.96
#41 $15,40
$16
BUNDAYS & HOLIDAYS