12
DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE.
Buy Sellare
Baloc
Novalant
-331
$781
$7.20
***
$1,740 $1,740
***
£110. £138 284
++
$108
28
$2.35
$500
$500
$620
TA
SHAREBROKERS ASSOCIATION.
FRIDAY, FEBRUARY 24;]
Banks
H.K. Banks
*
Do. (London) Chartered Banks.... Mercantilo Bks. "A"
Bank of East Asia...
Do.
N. 0. & S. Barks
Do.
Underwriters
Prof.
Bayern Bollere
14
$73
Am. O, Fin. Corp:
T. 85 China Fin. Corp. Urd T..60
Insorandes
$1,375 Canton Insurances...
Union Insuranoes .......] China Fires.................
$1,350 B.K. Fires.......
International Assoo..
Shipping
Douglases.....
Steamboats
Indos (pref.) Do. (def.)
Waterhoata
Mixing
Benguels.......
14.20 Venezuela Gold Flds. $3.85
Kailans..................
Langkats (single)...
T2.10 Explorations....... T2,30 Slugbai Loans
BIL
14
Haubs ......
Tronoh Minca.........
23 ata. Benguet Explorations
Docks, WharY68,
Godowne, etc.
H.K. & K. Wharves.
Providents (old)
131 $22
320
43/9
Shells
$201
$173
18/9
Tud
$563
muß du unh
$1,78,
2131 2341
E9 $109
$1,386
·$2.60.-1
$625 $1,3+
05/-
80).
47)-
$21
$18
$1.90
95/-
T...
T.:
T.
$144
34.40
$1.90
Do. (new)
820
H.K. & W. Docka...
$144 340 $1.80 193
$10
B. China Motors' A'
$8
$9
Do.
"B"
18
T.96 Shanghai Docks...
Te.20 New Engineerings
T.220) Hongkowa unan
| Lands, Hotels," and
- Buildings ----
H.K. Hotels (old) $775 $7,90 |.8/8.90|
Do. (now)
$8.15/36 $71 $731
H.K. Lande
MAN
1.26
Shanghai Landa ...
T.10
Metropolitan Lands.."
H.K, Healties......$7.10
$7.20
T11.40 China Do
T:994 Do.---Debentures-
$14.10 Humphreye
M$140] "Asin Realties "A"... 3$20
Da
Chiness Estates.......
Cotton Mills
T13.40 Ewo
Zoong Sings...
Wing On Taxtiles(8.)
***
ماه
HONG KONG DAILY PRESS, SATURDAY, FEBRUARY 25, 1933.
MONEY AND MARKETS
LIVERPOOL MARKET
REPORT
COTTON, 'WHEAT, RUBBER, SUGAR
creases, and the total figures for while stocks show a the year make quite a good com crease. parison with last year.
Manchester reports show a less favourable tone and whila Spinners have a fair number of orders in their books, their customers seem to be in no great hurry at the mo
ment to take deliveries.
further in-
It
HONG KONG STOCK SHANGHAI SHARE MARKET
MARKET.
OFFICIAL WEEKLY*
REPORT
The greater part of the week being taken up with the Races, it was only to be expected that buai- ness would be restricted. Still, the This minor issues made a fair recovery in the middle of the week.
UK stocks, nevertheless, were reduced 810 tony last week-and 1,876 tons the previous week, the total now being 00,311 against over 197,000 at the end of 1931. should be borne in mind that these stocks form the principal source of The Egyptian Government gin supply for European consumption, nings to the end of December show which in contrast to American con Messrs, Pentroath and Co. have ad one point of interest, the gin- sumption is well maintained, while recovery, however, did not last very forwarded as the following letternings of Sakel for the period being as we see the stocks are steadily long, more especially to-day on the dated January 20 from Messrs. A actually higher than last year. declining. At the same time, the announcement of the award against I. Buston and Co., Liverpool, re- Further details with regard to other weight, of speculative demand must the China Light Co., which brought viewing the cotton, wheat, rubber varieties, however, have not been be absorbed by these same stocks, out wave of selling orders, and and sugar markets.
cabled. The statistical situation and while this demand is at pre- forced the price down from $11.30 with regard to both Sakel and Up-sent negligible, wa saw last autumn in the morning to $10.
Markets generally close dull. in Egypt continues very the effect that could be produced by at all improbable that when poli- A sentenco in a recent New York strong, and reports with regard to a buying movement, and it is not the Sakel crop in the Sudan are
tical and economic events start mov report puts the position in a nut-still very unfavourable. shell Tho Cotton Market con-
ing in the spring such another move ment might easily be started which tinues to be dominated by reports
would force prices to a distinctly higher level.
COTTON
ideas from the South and the
pera
WHEAT
of Washington legislation, acreage An easier tendency has prevailed vagaries of Wall Street." Conflict- during the past week, and prices ing rumours as to Mr. Roosevelt's both in Chicago and Winnipeg are ideas and intentions have been cabl-about 1e lower, the decline being due mora to outside influences than to any change for the worse in the wheat situation itself.
ed over. As far as cotton is con- cerned the only alternative to the allotment plan that has been men- $11.2tioned so far is some form of mort- 16,0 gage relief, a much more sensible
proposal to our mind.
But this week the statistical posi- tion with regard to cotton has shown some interesting develop ments. The U.S. Production statis. tics were rather good. The figure of Production showed a marked in crease on November, but that was largely due to the fact that there were 5 weeks in the month, so that the weekly rate was only 68.7 against 69.3 in November. The sales figure, however, was 108.8 per cent. of Production against 82,3 per cent. last month, this being highest percentage figure since August. Shipments were not quite up to the high Production figure, with the result that Stocks again showed a small increase, but Un -filled-Orders-showed a much larger increase, which is hopeful for next month.
1.93
T.8
E
$71
$74)
$7.90
**
***
$14
T.13 T.72 T.11) $115.
Shai Cottons.................
T.11
$115
Public Utilities
*$20.65
20.90/65
Tramways
201
390.60
$1.20
Poak Trams (old)...
$16
#8
,Do. (new)...
38
*p!
401
$90
$34
Ysumati Ferries (old)
$331
Do.
(new,
$32
eam. rights...
#31
Star Furries $834
Chins Lighta (old)..... $11,20] $11.40|
Do. (now)... 38
Do, Ita....
Tractions #
Do. (pref.)....
Industriais
11:0 $9.30
(8744
$742
HK Electrics ............
3761
>
974)
24.3
Macao do.
$19
Sandakan Lighta ........
$80
Telephones (old)................ |
光
#2"}
(now)
$28 1271
T.10
China Buses
ww
24.
7276
Malabon Sugars
$27
T.14
Caldbook,
(ord.)
T.1V
Macgregors prof.)
36
Canton Ives.
$51
$7.6)
Caments (comb.)...
$7.80, B0
36
Do.
(old)...
$2
Do,
(LOW)...
324
111,3
Ropes
37
MiscelaneoULAN
Fre
$121
Ck: Agricultures-
#29.40 Dairy Farran
Der A Wings........ Amusements****** $19,43] Ch. E'tainment........ Constructions, (old)]
Do.
(new)
Lane Crawfords.............. Mackintosha
$291
$124 14.30
***
"For the present no advance is to think be looked for, and prices may even slip back further, but we kets should eventually show a good that purchases made in weak mar- profit.
SUGAR
From the USA it is reported that there is no improvement in the Winter wheat crop conditions in the
The market in the early part of Scuth West, where a heavy aban- donment of nereage is expected..
Australia continues to make sales the wook was depressed by hedging to China, with whom she has now sales against Philippine sugars, done an extensive trade and with while New York reported liquida. whom she has practically a monotion of the current month, also poly. There seems every reason to believe that this trade will continue.hedge selling, lower quotations re-
Unconfirmed rumours of Russia sulting.
The attitude of refiners, both here negotiating for a large quantity of Canadian wheat helped to sustain and in America, continues to be one the market yesterday, but whilst of buying only for immediats needs. We referred last week to the pos we believe Russia will have to im W port wheat before the Winter 16sibility of previous years' consump- over, we think that difficulties as regards payment will hold up any transactions for some time yet.
There is no important news from the Argentine, but offers have been freer and a fair business has been
concluded.
tion figures not being reached, and in this connection we note that Willett and Gray estimate that the United States consumption for 1832 showed a decline of 4.77 per cent.) compared with 1931, viz., 5,214,000 tons against 5,475,000.
BUSINESS DONE DURING
THE WEEK.
Hong Kong Banks, $1,740. Union Insurances, $360. China Underwriters, $235. Hotels (Old), 88, 87.60, 87), 88.05, $8.10, 89.15, 881, 871/7.85, Hotels (New), 374. Lands. 874, 8741. Humphreys, $14.10. Roalties, 87.20.
Tramways, $20.20, $20.00, $20.05. Star Forries, $90, 8901. China Lights (Old), 810.90, 911. China Lights (Now), 80.10. Electrics, 9741, 8744. Telephones (New), BÆ Cements (Combined), 871, $7.85,
$7,70. 87.80, $7.60. Dairy Farms, $201, 820.35. Constructions (New), 81. Govt. Loans, 4%, 4% Prem.
CHANGES (3.18 P.M.) CLOSING QUOTATIONS.
Buyers. -Cementa: (Combined), – 27.80. -
Bellera.
Hotels (Old), 87.85. Hong Kong Lands, $74. China Lights (Old), $10.
Sales.
The passing of the Allotment Plan by the US. House of Representa tives had not much effect on prices,
Notwithstanding the improved although the President. Elect is re- ported to bo. in favour of it, but statistical position of sugar, the recommends it should apply to general uncertainty in regard to wheat only. However, uncertainty commodity values prevailing. at as to what will happen to the bill-
Hotels (Old), 871/7.85. when it comes before the Senate is present has to & large extent pre having a restricting effect on busi-vented speculative buyers from com-
Lands, $74). ing in to the market, although the ness.
We still continue to think well decline has been so sovers and prices of the market, as it appears to us that there are
more constructive are now so low, elements at work than for cotton time past. ¿
Against this the Census Bureau's Consumption figure for the month was disappointing, the total show ing a decline from 503,722 bales in November to 440,000 in December; this was partly explained by the smaller number of working days, in spite of which the daily rate works out at only 90,000 bales against 21,435 in November. Such a decline, following on a small de- cline last month, is too like last year for comfort.
But the figure of the world's Carryover of American
RUBBER
some
The market was rather depressed
American questionnaire. figures and by an increase of 1,340 tons in the Malayan stocks at the and of December. The questionnaire figures are as follows:-
show an unexpectedly favourable movement, Normally December marks the peak of the Carryover figures, but this year December by the shows an actual decline of about 200,000 bales, which is very hope ful, especially when taken th con junction with the fact that the Visible Supply figures have shown a distinct downward turn earlier than usual. If this movement con- tinues, we may after all hope for a far reduction of the Carryover at the end of the season.
The Board of Trade figures of Exports for December also showed a considerable improvement, both Yarns and Piece Goods showing in-
Consumption Arrivals
Stocks
· Afloat
Dec
Nov.
from which it will be seen that US. consumption during Decem- her makes a very poor showing,
(Confinual on next Column) ·
NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG)
Tel. 28380 Gloucester Building, Room 300.
[LEUTER'S AMERICAN SERVICE.]
China Lights (Old), $11. Cements (Combined), 87.60.
MESSRS. CARROLL BROS./ REPORT
Mossra Carroll Bros. have for. warded us the following cabled quotations of Shanghai dated Feb. 24:---- Can Finance Corp. International Investment
Trust Co. (Oni.) ....... Yangtze Finance Co. Cathay Land International Assurance Co.. China Realty Co. Shanghai Land Investment
Co.
shares,
$ 4.50
7.80
11.40
-6.60 3.80 11.25
21.75
8.00
92.50-
919.60
20.28
1.13.20
Building Works. (Ord.) ....... New Engineering & Ship
Shanghai Dock & Engineer
ing Co....... Shanghai & Hongkew Wharf
Co....... Shanghai Electric Construc tion Co. "Boarer " Ewo Cotton Mills, Ltd. Shanghai Cotton Manufac
turing Co... Zoong Sing Cotton Mills,
Ltd.
06.00
11.00
American Asiátio Under-
writers (Ord.).
05.00
American Oriental; Finance
"Corp. "Bearer'
99.00 24.00
Asia Realty Bearer" Shanghai Power Co. (Prof.) 23 Chinese 5% Gold 8 Bonds
1023.
AMERICAN ORIENTÁL FINANCE CORPORATION
A COMPLETE
SERVICE
A complete brokerage service -for-New-York Stooksia available at our local Agenta:→→→
Asia Lands Limited
Gloucester Building. Daily Quotations sent-gra
—apon request.
ROYAL OBSERVATORY'S DAILY WEATHER REPORT.
STATION
Kochi Nagasaki
Kagoshima
Oshima......16
Bonin Inland Chefoo
30
***
90 ot.
Shanghai Gutzlaff
$8.40
Wenchow
$21
Nanyang Tobacco...
$42
Foochow...
2154
Sinceros mu...
$15
„Amoy 'n ker
$12!
Watsons (old) |
4+4
$12
Swatow
$11.40
Do. (new).......
事
$12
$8.33
Wm. Powells.
New York: February 23
Taihoku
$3.20
$10
M. Greyhounds
Dow Jones Averages: High-1832
Low: Feb. 21
381
. C. Enterprises ...
30 Industrials.
88.78
41.22 53.89
Feb. 23
51.84 2.08 down
Change
Taichu
Tainan
20 Rails
41.30
13.23 25.81
24.03 1.58 down
16
United Thestres..........
68*),
B. Ind. G. Bonds...
20 Utilities
30.11
16.63 22.75
22.15 1.01 down
40 Bonds
83.26
prem, 4/44
H.K..Govt. Loans...] $104
Wallace Harper ..
China Sports Ltd
$225
HK. Wing On
&'bai
Do.
Zon
BAROMETER
FEBRUARY 23,.1938.
Wak
AT SKA LEVEL
Inche
Mille
KXMPERATURE
EI8
ESE
...
ESE
E
(Bes
GAON NANOU A 1 0 1 1 LOW-ADGO
KRISTWA
Soon 128.-30... 122-18880 16 to 22.
16,900
28,567 *388,220 *38,380
»21,910 27,080
377,996 40,379
Wladivostock Nemuro Hakodate Tokio?......
12
11
80.24 768.1 16 29.76 758.0
NNW
30.12 765.0
www
400
***
WNW
***
80.20 767,0
N-W
80,22 767.5
80,14 765.5
30.14 765.5
80.08764.0
Naha..........sid
29.96 761.0
**
D
Ishigakijima *..
29,94 760.5
SSE
*
90.12 765.0
N
The
15
29.95 .760.6 40.
4 WNW
14
29.91 759.6 56
S6E
29.98 781.0) 50
1 SE
29.90 759.4 58
30.00 762.0 69
8 SSE
481
29.97 761,2 65
NW
#
29.97 761.2 72 29.96 761.0 74 29.98 760.1 86 29.97 761.8 63
AW
8
NNE
*
20.91 7697-65
E
20.90 769.4 70
E
29.87 758.8 67
4
BE
A
#188
29.91 759.7 81
9
29.81 757.1 688
·1933.
DIV.
LAST SALE
HIGH
Low PrA. SI.
Feb 21 Feb 23.
319 3.00 Air Reduction
8517:
873
424 6.00 Allied Chemical & Dye
.751
734
737
137
71
234.00 American Can .....
9.00 American Tel. & Tel. +
· 32)...
109
29.78 766:41 81. 29.88 757.7 79 29.85 758.883 29.88 757.6 85
8
887
B .7 8
SE
8 NE
99
801
44
5.00 American Tobacco "B"
18
а
Anaconda Copper Mining
1614
281
4. Auburn. ....................
39).
364
Legaspi
431
20%
2.00 Borden Company
Calboyog
29.52 757488 29.88 757.6 91 29.82 757,4| 88 29.80 757.0 98
8 8 ESK 8 ENE
NWTM
8
NE
7
Canadian Pacific
Tacloban
21
1.00 Chrysler Motors indu.............
101
92
lo
29,78 766.886
8. NE
681
31
4.00. Consolidated Gas of NY.
46
1437
Cosbu
57.
23
4.00 Drugs, Inc.
Surigao
29.78 758.3 88
8 ENE 40
281
2.00 Du Pont de Nemours
35
Baipan..
87
30-
3.00 Eastman Kodak
Guam
11.00 12.22 29.79 756,6
8 NNE
6% 8. Electric Bond & Share
26/
84 0.40 General Electic.
401
.108
2.00 General Foods ....
Tap on Pelew Labuan
1L00 29.80757.0
NE:
4
1429.85 768.8 25 6
N
6.16.
243
7
1.00 General Motora
24 10
1.00 Gillotte Safety
32 14
10
21-
1:20 International Harvester
International "Tel: & Tel
32 60%
4.00 Liggett & Myers
B
367
3.00 Loew's Inc.
18
40k
37
*504
141
144
33
85.76 77.18 -76.13 1.05 down
Asia Lands, Limited, have received the following report from their New. York correspondents, E. A. Pierce & Co. The market must give its own clue to the completion of liquidation. For the present we would zomain on the side-lines.
Business Done: 1,330,000 shares.
Koshun
Pescadores.... Hong Kong ... Gap Bock.....| Macao
Hoihow.
Pratas Island... Phukiendo Touraze
Cape St. James.. Basco **** Aparri Tuguegarao Vigan... Manila
BANK OF ENGLAND BUYS GOLD
GUARDING -AGAINST · FUTURE DANGERS.
[BRITISH WIRELESS BERVICE.]
RUGET, Feb. 23. REPLYING to a Commons ques tion regarding the recent gold purchases by the Bank of England issue department, the Chancellor of the Exchequer, Mr. Chamberlain, said that, for various reasons, large amounts of foreign money had been ouming to London recently, which were bad money in the sense that they could not rely on retaining
the data
_
If no precautions were taken, these capital movements would re sult in a sharp rise in sterling, to be followed later on by a sharp
Everyone would agree that such actuations, which were very tarm
GLASS TRADE FILLIP
Glass-making, the staple trade of St. Helens, Lancashire, has receiv ed a welcoma fillip by the imme diate commercial success of the latest type of glass-Armourplate which was described in the Octa- bar issue of Industrial Britain..
Another St Helens product, black, glass, is to be used to line the new Mersey Tunnel, which has also been described in previous is sues of this bulletin. This black glass has been fixed to a dado height of & fest on each side of the tunnel throughout its entire length, end it is held in position by stain- legs stool frames. This glass was chosen specially by the engineers for its hygienic surface as well as on account of its non-reflecting properties as the Tunnel will, of course, have to be illuminated by artificial light.
that these purchases of gold should to trade, should be limited as be regarded as flexible additions far as possible, but it was not in
general interest, to state what to the bank's gold holding and that it would be improper to regard
rticular methods might be adopt them as permanent additions to the
hem
with "ha "questioner.
at foot of neat Column)
'gaid: erves which may be used
for restoring credit:
19
Montgomery Ward ....
2,80 National Biscuit....
2.00 Pacific Gas & Electria
Pennsylvania Railway
Radio Corpora
Sears Roebuck
1.00 Standard Oil Co. of New
Jersey .....
0.10 Socony-Vacuum Corpn.)
15* 1.20 Union Carbide & Carbon
36.00 Union Pacific"
-United States, Steel
Westinghouse E&
161
STANDARD
#
FEBRUARY 24, 1933.
BALTMETER
ABBA INVES
Enche
TEMPERATURE
VERBLATT
29.76 755.6 23 -29.94 760,5
Work
ESE
NW
30.00 762.0
90.00 762.5
29.82 787.5
NNE
29.71 734.5 29,75 755.5 29.78❘ 756.5
BW
8
88W
29.84 750.0
29,88 759:0 30.12763.0 30.28 767.8 25 80.18 766.6 40 30.23 767.840) 29.96 761.0 68 29.95 760.7 59
29.95 760.61 61 29.98 761,01 61 29.92 760.0 59
29.89 789.8 78 99.98 760.1 88 29.08 760.2 64 29.91 759,7).70.
29.88 759.0 65°
29.93 760.272 29.85 758.1 66 29.81 757.1 70.
29.88 758.972
8
ESE
: 6 NNW
4 NNW
4 NNW
SE
forc)**
Gol al unook noi onD NANO-Ooni noi aaan-A-da O
11##lema 13. looms...oladu is loade to l86881
29.89 769.372
.8
SW
29.86 758.474
29.92 760.0 70 29.86 758.6 79. 20.87 -758.6 72.
-29.83 787.7 78
NNE
N
NE
5.
5
29.82 757.4 77 20.89 259.3 4.32 29.85 758.9 29.85 758.2 29.81 767.9) 80' 29.81 707.1
.4
SAMES 5 be
४
ENE
2b
1
ENE 4 be.
ENL1
*** February 242. 10h: 45m.—The anticyclone has moved into the Pacific to the north-east of Japan, and an- other anticyclone of considerable intense has developed over N. China, Shallow depressions are situated over 8. Japan and the Sea of Japan, and an intense depression to the north-east of Hokkaido,
The monsoon will freshen over the coast of China and the northern China Sea.
Hong Kong rainfall for the 24 hours ending at 10a.m. to-day, 0,00, inch. Total since January 1, 0.52 inches, against an average of 2:88 inches.
FORECAST FOR THE 24 HOURS ENDING AT NOON ON FEBRUARY 28.
SEDISTRICTION
A-Shanghai to Turnabout..
B.-Turnabout to Hong Kong
C.-Hong Kong to Gap Rook,
D.-Hong Kong to Hainan, Straite .... E-North China Bea ......is
}. winds, fresh to strong.
N.E. winds, fresh; fins at first, cloudy later.
N. and N.E. win moderate to fresh.
WŚ JESYRIEN VI