Money and Markets
HONG KONG STOCK MARKET
SATURDAY'S 'OFFICIAL
QUOTATIONS
Markata were again subdued and quiet this morning, the volume of trading being mnost restricted. Quotations, however, are not. ma terially altered,
liquidation for Settlement account has been completed, and in the incantine it might be as well to adopt a wailing policy.
Banks, Hongkong Banks remain: ed firm with business dɔnent 91,650.00. Bank of East Asins - were quiet, but there were 'some buyers nt $108.00,
Insurances. Unions bad sellers 8300.00. China Underwriters were on offer at 82.70, N. B. With a view of limiting Shipping-Douglases continued forward business "to mo in demand at $27.00 but scrips derate proportions, thewere rather scarce. Committee of the Stock Ex- change have decided to fix no regular Bettlement days, leaving, it to the memier, themselves to do so when -making-forward- contracta
Sales.
Providents (Old), 84.60. Ewa Cottons, Tis. 14.20. Dairy Farma, "$29.
Sellers,
Hong Kong Banks, $1.005. International Assce, Tie. 4.15. Douglases, $27.
Benguet Consolidated, 8184. Rauls, $111.
Hong Kong Lands, 875.
Chinese Estates. $98.
Ewo Cottons, Tis. 141,
Hồng Kong Trung 120.00
Peak Trams (Old), Six),
Star Ferries, 800).
Electrics, 8765.
Telophones (New), $20.
287. Dairy Farms, Govt. Loans, 24 per cent. Prem. Buyers.
Union Insurances, 8560. Providents (Old), 84.70. Ewo Cottons, Tĺs. 14.40. China Lights (Old), $16. Cements (Combined), 819.30- Cements (New), $4.
Hong Kong Ropes, 812. Wallace Harpers, 810.
MESSRS. G.A. "HARRIMAN'S
-REPORT
MARKET STEADY AFTER NEW YEAR
The market opened stendily atter the New Year holidays, but during, the week liquidation for January · Settlement account cominenced, and there was a slight setback in the -lower priced issues. Cements-reced-† ed to $11.00 after business done at 81230 and 812.10, 815.65 was being offeral for Ligles after business done at $18,20 and $13:80, Hotels weed back to 810.20, after business done at $10.70 and $10.50, Provis dents were in strong request at 84.00 after business done at 84.75 and $1.78. The Investment section howover remained strong through- out with an unsatisfied domand for Humphreys at 818.50, Trams at $90.40, Electrica at $76.00, and Wharves at 8142.00. The sterling Rection was a shinde easier, on ac Coun) of a slight rise in the dollar to 1/3 but Banks were still wanted nt $1,490, and Unions at $30.00. The closing tone of the market is Bundy after weakness, but a rally `does not appear probable until
22
FORE
[2130}]
17.19)
a
TWIDITY
REPRESENTATIVE
Docke, Wharves and Godowns.-
Wharros changed hands at 8142.00 and more shares could probably he placed at this figure. Providents d) were transacted a $1.60 clós- ing in demand at this figure,
IIotels and Real Estate-Hotela (old) after having been put through at $10.00. receded a great deal and were sold down to 810.20, the market! closed with buyers at this rate. Hong Kong Lands were transacted at 076/78.33 and more shares were olitainable at the former figure. Hong Kong Realtys changed lands at 89/8.20 closing with buyers at 87.HA
Coton Mills-Ewos were enquir t for at the opening at 814), but eased off a little at the closo with shares on offer at $14.40,
Public Utilities.-Trams came ca business at $20 and more shares could be placed at this rate. Peak Trams (ald) had buyers at 813). Star Ferries were put through at 305/001. China Lights (old) open- ed rather firm at 810.10, closing slightly sier with business done at 815.80. Hong Kong Electrics, after having been put through at 876 continued in demand at $75.00 Telephones remained steady at $20.00 buyers.
Miscellanenta.—Camara
(comb)
were transacted at the outset at $12.00-75 (rall paid) but eased off a little towards the close with sales reported at 811.90/1200, Hong Kong Ropes after being dealt in as high ns $19.75 reneted repidly and wero
KONG DAILY PRESS, MONDAY, JANUARY 9 1933
CELEBRATION AT
SINCERE'S
BANQUET IN HONOUR OF 33RD ANNIVERSARY
NOTABLE GROWTH FROM.
SMALL BEGINNING
Over a thousand guests were pro sent on the Roof Garden of Sin- banquet was held in celebration of cero's Company fast night, when h the thirty-third. anniversary of the Company
Every year something of interest is arranged by the Company, and this year's happy innovation was an invitation to all octogenarians in the Colony.
After the guests had bowed to the national flag of China and the flag of the Company, Mr. Choy Hing, the Chairman, and one of the original twelve shareholders of the Sincera's, welcomed the guests and, speaking in Chinese, outlined the history of the Company. He anid that Sincero's was originally a modest store, employing only a few assistants, and with a capital of only 825,000. They had, however, in creased year by year until now they have a capital of $10,000,000 and 4,330 shareholders.
KAIFONG PIENEO RAILWAY
BONDHOLDERS VIGOROUS
PROTEST
JAPAN'S TRADE IN YACHTING
1932
PRESENTATION AT
"YACHT CLUB
Adverse Balance of about
Y20,000, 000
BUT HIGHLY SATISFACTORY
TO CHIEF YEOMAN KELSALL
We have received from Bussels copies, inFreach and English, of
At the Royal Hong Kong Yacht a strong protest with regard to the
Club on Saturday, the Commodore non-payment by the China Tokyo-Japan's foreign trade of the Club, Mr. A. Shields, ernment of the Chinese Govern for the year now ending will represented a silver cigarette case to ment 5 per cent. Gold Loan of 1003 gister an adverse balanes of about Chief Yeoman of Signals, T. F. for the Contruction of the Railway 120,000,000. As the import excese lasi Kelsall, R.N., who has been the from Kaifong-Fou to Husn-Fou year was four times as much, this official timekeeper of the Club for (Fienlo). The protest, coming at result is highly satisfactory. Col. the past two years," and who will the present time is perhaps, not lating the views of trade circles be sailing for home on Saturday without significance. It needs the Asahi says that though the next. WWW M
Mr. Shields paid a warm tribute rice in commodity prices will caUBE (slightly modified) as follows; signed two agreements with the mount the balance next year will and said that the Yacht Club bad In 1903, the Chinese Government both export, and import figures to to, the work done by Mr. Kolenil, improvement, been very fortunate in having his Compagnie Generale de Chemins de witness a further
gorviota, He hoped the cigaretta case would be a souvenir of his for et de Tramways de Chine (a with signs of exports even exceed Belgian company) their objects being imports,
During the first half of this year sojourn in the Colony, and that ha ing
1 The issue in Europe, under the | Imports' exceeded: exports by would revisit the Club if chance suspices of the said Company 1966,000,000, This big adverse should bring him aghin to the China
· of a Chinese Government gola balance was due to speculative im Station loan, the proceeds to be om- ports which were made in antici-| Mr Kelsail, in reply, thanked the ployed in the construction of pation of a fall in the yen, a rise Club for their gift, and said that a railway from Kaifong-fou to in commodity prices and an in-his duties as official timekeeper had Honan-fou (Pienlo); 8 The construction and operation however, the yen exchange is likely days spent at the Yacht Club.
crease in tariffa. In the now year, always been a pleasure. The gift would remind him of many pleasant to maintain the 820 level. Import houses will not see any need of hurrying up their cover. Too radi- cal a rise in cotton yarn prices is making cotton cloth exports diffi sult to do. and this fact will spoil speculative imports of raw.cotzon It must also be remembered that as consumption has not increased much the market is still glubted with those goods which were im- ported in the first half of the year.
of this unid Piento railway, The agreements in dednite terms provided that the net receipts of the railway were to be ear-marked for the financial service of the loan the payment of interest and redemption of capital.
Tribute to the Founder. Mr. Choy Hing paid a warm tribute to Mr. Ma Ying Piu, the founder and the present managing director and said that it was un- doubtedly due to his efforts and determination that the Company owed its success, and its present
By way of security" for these en- position in the commercial-world. gagements the Chinese Government Mr. Choy also spoke in terms of created a first charge on the Pianlo wann enthusiasm of the manager railway plant and all its assets in of the Hong Kong store, Mr. Mn favour of the leaders; it under. Ann Fai, whose enthusiasm and took, moreover, to entrust the business acumen had introduced operation and the accountancy of many modern and enterprising the railway as also the supervision schemes, and who by training the of the receipts to European staff, staff and winning their interest and nominated by the Company. co-operation, had run the store sa In virtue of these agreements they abrupt fluctuation If the yon successfully and smoothly during the Company
oxchange retains the 820, level, proceeded with the
Japan may experience little diff issue of the Chinese Government culty in surmounting high tariff per cent. Gold Loan 1903 for walls in many nations and securing total nominal amount of 41,000,000 the game good results as this year. frs. represented by 82,000 bonds of During the second half of the year frs. 500 each, and beating interest the excess of exports over imports "at"the rate" of 5 per cent, per an- was a heavy an Y243,000,000. Last
An
past two years.
Mr. Ma Ma Fai is well known locally and was for a number of years manager of the London office, where he made many friends."
Mr. Ma Ying Piu, who briefly rel plied and read a number of messages and letters of goodwill and congre tulations received from all parts of the world.
For the first time in the history of the Company, a lady represent offer at the close a slit. Dairying the salesgirls employed by the Farms changed hands at 8984/29.00. firm in its first year (1000) also
spoke at the gathering. Forward Settlement Day: Jan. 23.
AMERICAN ORIENTAL FINANCE
CORPORATION
A COMPLETE
SERVICE
A complete brokerage service for Now York Stooks is available at our local Agenis:-
Asia Lands Limited
Gloucester Building. Daily Quotations sent-gratis ➡upon request.
Later the 22nd annual prize dia. tribution of the Sincers's night school, ist which 120 members of
sont attending was held, Mr. Li the staff of the store are at pro: Yuk Tong, manager of the Bank of Canton, distributing the prizes,
the School, read the report after which the students sang the Siu
ere's School song,
MENAGERIE RACE-
RUGGER
CLUB'S FINE VICTORY OVER ARMY.
Superior strategy," in the half," after Titania fory struggle in the first, gave Clubz victory by nine points (th to nil over Army, in Saturday match. The result puts the two toxins on level tormos in the Trian gular Rugby Tournament, v
Although Army were one tay down. at half-time, they had by no modua shot their bolt, and were quite cap able of levelling up the score at any time. However, a brilliant run by Ferguson, and “surprise” by by Lammert, clinched the iss
form. The return of Selby account Club were right back in their best ed in some measures for their superiority; yot the improvement in the phck was most marked. Every man workeil tremendously hard, with McLellan Hall-Thomp son and Munro outstanding, Although there was little to choose between the two forward lines in the tight scrums, Club were much quicker in the loose, and got the ball more frequently in the line outs.
The game started at a terrific clip, and it seemed unlikely that either team could keep it up to the end. However, when the pace did slacken down somewhat, Club AILSA WIN COLLEEN were the fresher, particularly after
FINISHES SECOND."
the interval, when they attacked almost continuously, REA spoilt some good openings and Over-eagerness on both sides brought about is goodly number of panalties, which in the main were poorly used. McLellan suffered for his daring when he made a flying off with concussion. Jones was also dive at Jones and had to be carried. injured, on the knee, but later turned to the fray
Ailsa sailed by Major Lochner, took first place in an informal menagerie race sailed by members of the Yacht Club over a course of 6.6 miles on Saturday. Colleen, sail For favourable progress of the Sirius (r. Sporleder) was third.
Influence of Exchange."-
ed by Lieut. Peters was second. export trade it is imperative that Course-1 Channel Rocks (P); the exchange rate does not make, Kowloon Rook (P); 3. Mark on
Line (8); 4, Rumsey Shoal (5)
Distance-0.8 Miles. Started at: 2.35:p.m. Full results were as follow
Yacht.
num, payable in Paris and Brus year was only Y27,000,000.
other record may be set in the com- sels at holder's option:
The service of this loan was maining year, for there are many arti- tained regularly up to the end of cles of which prices have been very 1996, and 35,000 bonds representing low for some time and are now 23,500,000 frs, therefore remain to nearing to the export point, be repaid by the Chinese Govern
ment.
Complaints Against Chiness Government.
Aabilisation in the yen ex- change will of course facilitate transactions. It is still unknown when Japan can restore trade with Since 1927, however, the Chinese China. If it improves she can ex- meet the service of the loan, whe-port total. Cotton spinners are Government has entirely failed to pect a marked increase in her ex- Fairendy-occupied up to April, some, ther for interest or redemption; 12
Ailsa (Major
Finished Correct."
Time Time. Piu
4.23.23 1
4.31.25
Lochner) 4.36.35 Colleen (Lt.
Peters) 4.35:16 Sirius (Mr.
Sporleder) 5.00.05 Bluejacket (Maj.
Atkinson) 4.88.85 La Linda (MP.
A. L. Shields) 4.50.19 Wasp II. (Maj.?!
Griffis) 4.56.43 4.45.43 6 Joan (Mr.
Larsen) 4:58.23 Cicada (Mr. C.
C. Blake) 5.00.10 Isobel (Comdr.
gaust)
D.N.F Oslo (Mr. Ber
Toynette (Lt.
Edwards). D.N.F.
4.45.19, 5
Three-quarters Well Markad
Tho: first half was full of interest although the keen tackling prevent cil any spectacular three-quarter, runs, Both Hibert and MaLollan were hooking well, with Hoskins, if anything, getting the ball more. often than Selby. Yet Selby's generalahiy was always evident, only to be spoilt by indifferent by Rigg and MacIntosh, who seemed 4.42.29 3 incapable of getting their wings going. The same fault waa" sp- 4.43.)
parent in the Army centres, who lost several good chances through hesitancy or aimless panting ahead. Martin and Lewis had few opportunities, as a result, and when they did try to get away were too welt marked, and forced into touch. Ferguson's first try was rather doubtful. The pass from Bigg for ward, yet the wing man went on-
Turner madameas of an easy kick. He bad. previously made n valiant attempt to score with a smart out through and punt over Birt's head, only the roll of the bull preventing his touching down For the Army Hamilton wasted m great · chance through wardring, after he had gloriously intercopted a pass by Macintosh, --
4.47.23
4.49,10:8
Mr. S.. W. Poon, headmaster of has dismissed or frustrated the even to Juns delivery, while raw Cowland) 5.09.18 4.61.12 0 to ground between the posts.
efforts of the European staff resilk exporters have forward sales ket quotation does not advance sponsible for the operation of the up to March. Provided the mar line, the accounts and the supervi abruptly consumption, of raw silk sion to the receipts..
in the United States will not sea any drop..
Dollar Store in Wanchai,
In commemoration of this anni-
To cap all, the Government has used the property for its own pur- Pose, sent it off to other lines, and seized all the receipts, using thom for its own benefit.
versary, a new $1 store was opened at No. 167-160, Johnstone Rand, Wanchai, yesterday, and prospective customers living in that part of the town will no doubt avail themselves Meanwhile the bolders of the of this opportunity, instead of com- bonds of the Chinese Government
For the above reasons the fore cast made by most lending traders is "fairly optimistic. Their atten- tion is, however, directed to the projected control of exchange bust- neas and a rumour that the United
RIFLE SHOOTING
WEEK-END COMPETITION The Hong Kong Rille Club's
ing up to town as they had to do 8 per cent. External Gold Loan States may go off the gold stand- January Competitions took place beautifully after Munro had gather
before:
There was a special anniversary sale yesterday, and all day long. the store did excellent business, mem
1903, are awaiting the interest ana
principal of the funds they have entrusted to China.
Even now, with a semblance of
Club opened out the game in thes BDcond half, and put on second try through Ferguson, who ran ed a clever cross-kick by Whitham Rigg removed a large divot with the kick, the ball trickling along &
bers of all communities being there order restored and the local civil method adopted by the Govern of shooting was fairly good few yards NEAR
in large numbers and eagerly buying up the many tempting bargains offered in all departments.
AO FC. Average of Shanghai Stocks
AOFC MARKET COMMENT
whole little has been done.
·ket---prióese gen
authorities functioning after A fashion, there is no improvement, and the traffic receipts of the Pienlo Railway are cynically with held, boing diverted from their purpose.
Abis to Pay?
and Control of foreign exchange over the week end. There was a may be a blow to foreign trade; though it depends largely on the fairly good attendance at the Row loon Tong range, and the standard ment. If the United States leaves the gold standard, though she will do the utmost to adhere to it, the causing imports to mount and ex- yen exchange will be forced up,
ports to drop.
Latest Figures.
R. H. Wood returned good figures at all ranges and obtained $3 out of a possible 105.
The following wore the results:- "A Clans: Possible 105, Ranges 200, 500, anzi 600 yards, one right ing show and seven to count on each range R H Wood 8: Watcon
GOLF
INTERPORT GOLF MATCHES The Manila Golf Club team is due
Now, the net receipts taken by
The Department of Finance has the Pienlo Railway during the first now made public the foreign trade 8 half of this year amount to about returns for the year ending Do- half a million Chinese dollars, and cember 25th. The aggregate trade are consequently more than suff- value is put at 12,702,883,000: cient to enable the Chinese GoTY1,366,869,000, in exports and Brament to meet its engagements. ¥1,303,021,000 in imports, showing We are faced with action watch 4 balance of Y23,450,000 I excess calls for energetic and decisive ac of imports.ed tion on the part of the European Compared with the correspond governmenta interested in this mat-ing period of last year, exports in term
dicate an increase of Y245,108,000 to arrive here on January 24, and It is not a question of a purely (1.8 per cent.) and imports to leave on January 28. The Shang- political treaty which incourse bi Y189,270,000 (15.7 per cent.) Last hai Golf Club, team is due to sarive time may require amendment or year the import excess was as much on January 23 and to leave on abrogation in accordance with in 179,295,000, so that present ba January 31. ternal or external circumstances, lauce shows an improvement of but of private agreements based on Y55,836,000 (74 per cent.). the good faith of the contracting
Together with the adverse balan parties, and incapable of modificace in Korea and Formosa, the ag tion "except by mutual consent, gregate excess of imports over ex- After sarere comment of ports for the year up to December similar nature the circular adds 25th is 167,198,000, a decrease of
What do the governments pro- 102,599,03 (48.2 per cent); pose to do, what does the Leagus
EXCHANGE
A smart pass by Selby found Lammert unmarked a little later and the Club Byer" went over Army being taken completely off guard Hall Thompson tried hard with the kick but Club rokly ought to find a goal-scorer"
Birt did all possible for the Army, who as a side, played hard all throughwithout much inspira tion, They were definitely outplay od in the later stages, when they soamed quite unable to vary their tactica to meet the occasion, Je to The Teams,"
ClubJ. P. Whitham J. For guson, (WH B. Intosh, G., P. Lu Turner, J. A H Moutrie II Mol Garrod, De MeLelan
ford JO Miller A K, Munro, A P. Hall- poon
Army Lt Brd (RA)I Martin (S.W.B.), Lt. Galletley (S.W.B.) Lt. Hamilton (SW Opl Lewis (8.W.B.) Pic Steve CLOSING QUOTATIONS (W.B.) PteHonking (8W1
Opl. Suter ~(8.W.B.); (BA), Opl.Tratt (8.) |Hardy (8)
ON LONDON :-
Telegraphic Transfer. Bank Bills, on demand
Lay.
(BW.B.)
Pte. Jone
Refere
of Nations to enforce world-wide tare Shumisu former detective,Bank Bills, 4 mont respect for agreements and the due Junosuke Haga, Dojima rice ex aight. ****** performance of the most definile change broker, and thirteen others Credits months Stephen
undertakings?
OSAKA EXCHANGE SCANDAL
are the prisoners,
Bight
The scandal was brought to light Or Naw Youx following the polica, revelation of the secret move for stiffling-com- plaints against Gengo Shimojo, the OS. self-styled "president" of the 144 Osaka miscellaneous. stock ex
Bank Bill", on demand 21 Oredita, 60 days, might. 191 PARIS :-
Bills, on demand 840 Credits, 4 months' sight 580 change company a bogus concern, ON INDIA in which capacity he was awiIKLI DI. Telegraphic d'ransfer on a large scale. It is alleged that Bank, on demand Fujimori and Shimizu accepted | ON SHANGHAI several gills of over 11,500. Juno, kay On Maya Tuks Hags, who has held the addi-| Or
16 POLICEMEN AND BROK ERS COMMITTED FOR TRIAL
steady, and, with the fall in ax change, should tend to improve ins
• Deo, 31, 1099,- * Bhanghai Lands had buyers at 26); When the Blook Market oponed and sellers at 27. Trusts were sold the near future. However, much Tokyo. There whe after the holidays, activities were at 8.50 cash and 8.80 January depends upon political conditions ment in the very quiet with prices unchanged. Ewos showed strength, and after to whether this will main scandal whe There was some interest shown for sales at 14.80 January, closed with tained throughout the spring quiry into dobentures, 's line of T50,000 Cathe strong buyers at this rate. The period, CO
ed and were commit
Kitahama aback
ent.debentures was following day, a fair turnover and . As extreme cautiousness seems to
was the day arise often bents was noted in be characteristic, of business senti
Test Loan those shergi. #transections inė anguent, commitments will probably, he contra- and higi
first time: Leze, Finance, were
7,65 deferred panding the evidence of were freely Zingh Bu - bash./City Loan
tock
ange iimariss exchanger
my stated to. «pavé kind!
any unlawful" tran
the
pa
tween rithe
*day, Friday under, the infi
pro
88 on genuine improvemen We stock declarat a
28, 1982 20:08 men at High for 1831-32 Sept. 19,"1931-25.60 station, Nyojt Low for
Anly :126:1937:19.99) assistant ; police
mer
Naka
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to these
83)
KING'S THEATRE
BY SPECI
Commenci
EVALIT