12
Parfumerie Poigaud
PARIS.
"UN AIR EMBAUME"
Flacon de Luxe Grand Modele.
A Hygienio and Refreshing Parfüma in great favour on all Overson Market.
USTAINABLE FROM-
A. & WATSON & CO., LTD
THE PHARMACY.
THE COLONIAL DISPENSARY
WING ON & CO.
THE SUN CO.
SINCERE CO.
AGENTS,
VICENTE ATIENZA & CO.
No. 64, NATHAN ROAD, KOWLOON. TEL. 57155.
A wisehead-
the head that's sleek and smooth all through the day. A little Anzora in the moming is all that's necessary to keep your hair healthy and in good condition.
ANZORA
Masters the Hair,
Anton Cream for greasy- ecalpa. Anora Viola for dry scalp. Sold by Drug gitca, HurdresarTS, OF From
Our Hong Kong Agenta:— The Colonial Dispensary,
14. Ovsen's Road Central, Hong Kong. You Hing & Lis
24. Possinger Street. Hong Keat.
Las Bros. & C. H. Y.
H. T. 46, Bankow Strand West, Lont KONE.
Manufactured by- Ansora Perfumery Co La London, N.W. 6. England,
HONG KONG DAILY PRESS, WEDNESDAY, MARCH 8, 1933.
HONG KONG STOCK
MARKET
YESTERDAY'S OFFICIAL"
REPORT
Markets were somewhat quieter to-day, but rates remained steady, ----The outstanding feature of the day was the firmness of China Lights, which closed $11 bid.
Sales,
Hong Kong Banks, $1,855. .. Bank of East' Asin, $100. Douglases, $25.
Providents (Old), $41. Hong Kong Lands, 874. Hong Kong Trams, $20.00/21.. China Lights (Old), $11/11-15---- China Lights (New), 89.08. Telephones (Now), 827}/28.
Buyers.
Bank of East Asin, $100. H.K. Fire Insurances, $1,330. Douglases, $34.
H.K. Steamboats, 822. Providents (Old), $4.15, H.K. Realties, 87.60. Chinese Estates, 895. Ewo Cottona, Tls. 13. Hong Kong Trams, 821. China Lights (Old), #11.10. China Lights (New), $9. H.K. Electrics, 974. Telephones (New), 8074. Cementa (Combined), $8.10. B. Ind G8 Bonds, 85 per cent., H.K. Govt. Loans, 4 per cent.
Prem
Sellers.
Hong Kong Banks, $1,655. Raubs, 8104
Providents (Old), 844. Shanghai Cattons, Tis. 69. United Theatres, Tls. 5.
AMERICAN ORIENTAL FINANCE CORPORATION
through its Agent
Asia Lands Limited
Gloucester Building
offers & COMPLETE BROKERAGE
SERVICE
in
NEW YORK STOCKS
Fall and Odd Lots of listed · Securities bought and sold for cagh or carried on conservative margin.
Phone 28380. Cable: ASIALANDS.
NOW ON SALE
The
DIRECTORY & CHRONICLE
of
CHINA, JAPAN, MALAYA, BORNEO, SIAM, THE PHILIPPINES,
COREA, INDO-CHINA, NETHERLANDS INDIA, Etc.
SEVENTY-FIRST
YEAR OF
PUBLICATION.
FULLY REVISED
AND ENLARGED
FOR THE YEAR
1933
HALIK, STRAITS
AN INVALUABLE
REFERENCE
BOOK, FOR
USE EVERY
DAY OF THE
YEAR
ORDER YOUR COPY TO-DAY
Published by
THE HONG KONG DAILY PRESS, LTD.-11, ICE HOUSE HOUSE STREET
Money and Markets
JAVA SUGAR MARKET
EFFECTS OF SINO JAPANESE CLASH
Messrs. Pentreath and Co. have forwarded us the following report dated February 23 from the Mao-in laine Sugar Co. Ltd, of Sourabaya
Indis.
U.S. INVESTMENT NEWS
ASIA LANDS, LIMITED
AUBURN AUTOMOBILE CO., dollar sales, and the decidedly Reflecting a 65 per cent, decline sharp price reductions made in mid- year Auburn-reported-a-net-loss-of- British Refined is still quoted at $1.40 a share for the fiscal year 7/8ld c and f. A considerable busi, ended November 30, 1932, as con- ness in Javas has been recorded to trasted with a profit of $17.84 a the West Coast for all positions up share in the preceding fiscal period. to September at advanced prices. The company nevertheless, remains Vessels sailing for
the East in a strong financial position, cash Coast have met with a better deand securities alone exceeding the mand but this side of India still small total of current obligations remains the bad boy of the family
as regards forward positions. As by wide margin. Neb working reported below, the Nivas have capital, however, deloined cearly increased their price for these de-8,000,000 during the year. The in- stinations so that the first lesson termediate profits outlook is render- will now be administered. Oon-ed unsatisfactory by severely com farence Agents have succeeded in petitive trade conditions, and the booking fair quantities of cargo, in greatly restricted demand for me. forward positions and it will be dium priced automobiles. Neither interesting to sea whether they try the 82 cash nor the 2 por cant, stock and obtain any higher rate than dividend, currently paid quarterly, their present low freights which it can be regarded as secure. is possible they will do in view of the present political situation in the Far East. It should also be remembered that large fluctuations in sterling would be likely to play an important part in settling fu ture rates of freight.
China.
UNITED STATES STEEL
CORP:
While the thorough vertical inte gration of activities doubtless per- mite U.S. Steel to attain lower Shanghai has been inanimate than average costs, particularly as mainly on account of the fear of regards raw materials, under more" Japan's withdrawal from the Lea normal conditions, the natural gue of Nations and an official delimitations to reduction of heavy. claration of war between Japan overhoad" and maintenance ex- and China. This market has been penses is a distinct handicap to a most unfortunate one. for the operating results during periods of last year or so and our sympathies restricted volumes. Sinco demand are extended to the business com for steel in the first six months of munity there who must pray for 1030 probably will be insufficient to peaceful conditions. Hong Kong permit the corporation to attain an has bought steadily by steamers average operating rate of 30-35 per sailing during March but this cent., at which level profits probab market is also now nervous on-ac-ly can be obtained, additional losses count of the political situation.
West of Suez.
A further limited business has heen recorded at higher prices.
THE NIV.A.S.
DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
* Buyern) Bellera Askva [Nominal
•
1,600/100
112
£13 294
$100
$100
bot
20+
$98
***
$1,330
***
TUESDAY.. MARCH 7.
Banks
H.K. Banks
SHAREBROKERS- ASSOCIATION..
Do. (London)... Chartered Banks.... Mercantile Bks.
Do
"A"
Bank of East Asia...
N. C. & S. Barke
Am. O. Fin. Corp
1.485 China Fin. Corp. Ord.
14.60
Do. Insurances
Prof.
$1,375 Canton Insurances... $9.36
Underwriters
-$5423/50
$1,300.
$620
T.A
Union Insurancës ... China Fires ............... H.K. Fires.....
International Assoe..
Skipping
Douglases Steamboats Indos (prot) Do. (det)
$34
*
$36
520
43/1
Shells...
$201
* ་ །། Mining
$18
Benguet
manisie
$413
*குட்
$96
T.89
Waterboats
CENT
$39
44.20 Venezuela Gold Fids #3
20%-
12
Kailans
Langkats (single)...|
T210 Exploration......... T230 Shanghai Loans ...
Raubs Tronoh Mines
23 ota. Benguet Explorations
Docks, WharV65, Godowna, sts. HK & K. Wharres Providents (old)
Do. (MW)
H.K. & W. Docks
Bailure
****| $4.15 | 84.25
$170
IMESH
Jar Civ.) $100
$5422/848
4.20/30
$1.70
$142
$4,16/130
#11
3181
$10
S. China Motors'À
18
Do.
"B
T.92
Shanghai Docks
T.6
New Engineeringa
Tag
Hongkews” ...................
Lands, Hotels, and Bulidings
*
$7.80
**T
340
371
HK. Hotela (old)
Do
$7,80
(now)
$74
Re
$75
$74
I
$91
$31
are definitely in prospect. The do-
in the basic steel industry is assur- minant position of this enterprise 13
ance that entirely satisfactory carn ing power ultimately will be regain- ed. The financial resources are sufficiently ample to permit the Total sales now amount to:- 350988 Whites, 8638 Superior Be- company to withstand a further conds, 00251 Browns, 5033 Molasses. prolonged period of unsatisfactory
Which shows-an-increase-of operating results. 73430 Whites, 3753 Browne, 1032 AIR REDUCTION CO., INC. Molasses, since our last report, and
the Nivas have been able to ad-
vance the price for shipment to
As a result of the further impro
India' to 1.5-3/8 for the East Coastvement in sales of oxyacetylene
Bil
and f.5 for the West Coast at which gases and equipment during the $74 limits sales have been made. Other earnings increased to 80.74 & share, final mouths of 1932, fourth quarter limits have remained unchanged. As is no doubt known, the Nivas against 80.31 in the preceding. do not publish detailed sales lists
three months. Full year earnings but only the quantities sold and thus equaled 82.73 a share, as com it is therefore sometimes difficult Pared with 84.34 in 1931. Mean- to ascertain exact details of what while, although dividend needs of has been done though it is general-$3 a share were not entirely cover- ly believed that sales of 1932 oroped, the strong cach position was Whites for delivery July onwards virtually unchanged, owing to the have been made at 1.5 7/8.
backlog furnished by liberal depre- 1934. Crop.
ciation allowances. The apparent $8.10 We recently mentioned a figure sizable reduction in working capital not in excess of 500,000 Tons for during the year resulted almost this orop but the opinion is now solely from the transfer of certain that plantings will be only for a marketable accurities from current crop of about 400,000 Tons, which to fixed assets. Thus, with recent would be the lowest Java sugar crop earnings improvement likely to be recorded since well before 1900. A maintained during the medium meeting of Government officials was term, the present dividend rate ap- recently held in connection with pears secure. this year's planting (1934 crop
sugar) and it is believed that great NATIONAL BISCUIT CO.: concern was felt at the disappoint-
ing figures and that the question Satisfactory earnings and a fa- will be discussed by Government re-vourable long term outlook justify presentatives and the Daily Com-continued retention of investment mittee of the N.I.V.A.S. almost im- holdings of both the preferred and mediately. It is unlikely that common stocks. Except in certain much if any increase in the plant highly competitive territorics, 1932 inge will be agreed to by the Nivas reductions in selling prices for the but the Government is naturallyCo's products were largely offset by perturbed at the effect on the labour savings in raw material and operat situation in the interior where con-Ling costs. Consequently, profits for ditions of extreme poverty prevail, the year were only 134 per cent, in some districte cash being prac below those for the preceding twelve tically non-existent and a system months; this decline was attribut- of barter being in force. It is for able to a moderately smaller unit tunate that the native crops of rice, volume and the increased importan- maize and other essentials of nace of the cheaper and less profitable tive diet are generally sufficient at lines Share earnings of 868.90 on any rate to prevent any question this preferred and 2.44 on the com- of famine.
** HONG KONG ROPES
PROFIT $117,000:- DIVIDEND 50. CENTS PER SHARE.
mon for 1922. compared with 870.66 and $286, respectively for the pre- vious year. Despite the recent de claration of the regular quarterly common dividend of $0.70, this rate) cannot be regarded as entirely or cur until profits have experiented at least a partial recovery,
AMERICAN SMELTING AND
REFINING CO-
The General Managers of the Hong Kong Rope Manufacturing Co. Ltd., raport that, subject to audit, the balance at Credit of Profit and Loss Account for the Company in 1933 earned its bond American Smelting and Refining year ended December 31, 1832, is interest and sinking fund require 8117,417.04, which, with 870,000.00 mente after taxre, operating char brought forward from the progos and inventory losses, but before vious year, makes a total of 8187,417.04 available for appropria
depreciation and depletion, tion.
At the forthcoming Ordinary General Meeting of Shareholders the Board of Directors will recom- mend the following distribution.
To pay a-dividend of
50 cents per share, absorbing REAL 18100,000.00 To carry forward to
Sredit of next year's
with more than $20,000,000 in cash. American Smelting ended 1939 and Government securities Thia is around 82,000,000 above the 817,388,- 22-shown June 30, 1939,and.com- pares with $90,943,079 on January 1; 1032.
Due to the talk of remonetization of silver and tho general agitation 417.00 for inflation or deflation, which it is thought will help silver, much 7.04 more interest is being taken Lo Ame
rican Smelting shares.
⠀⠀⠀mpa mummumi aux⠀⠀⠀ muuuugilou
M324
149
H.K. Landa
Tall Shanghai Lande ...
T.10 Metropolitan Landa...
$7.40 HK. Boalties$7.40
T11.40 Chins Do
F.99 Do. Debentures
$14.10 Humphreys
M$140 Asia Realtios "4"
Do,
Chinese Estate...
Cotton Milla Ewo............Į T.131| S'hai CottonS.......
T.111 Zoong Sings...... $105 Wing On Textilsa(3.)
Public Utitles Tramways $20,75) $1.20 Posk Trama (old)....
$8
Do (new).
Star Ferries Yaumati Ferries(old) Do. (now) cum. rights... China Lights (old).......
Do. (new)...] 38 Do. Kts...
H.K. Electrics ******
Macao do. Bandakan Lights ...
Telephones (old) ..................
Do.
374
(now). 127
China Buses
Tractions.
(pret)......
Industrials
144
9$
$1350
16
7.67
T.11
#115
20.921
· 115.
18
Seat
-$34
132
$37
190
$341
ETT $33
HE
10/11.50
731/741]
$24.30
$18
$30
$271
T.10
2.
19/
Do.
$27
Malabon Sugars
T.14
Caldbeck,
1(ord.)
T.10
Mucgregors prof.)
46
Canton Ices rágrei
$8.35/50/20
Cements (comb... 18
$0.50/35
$6
Do
(old)
Do. (now)...
$24
Ropes.***.inə
$104
$10
$7
th: Agricultures. Miscellaneous
$271 Dairy Farro
$27
$121
Dar A Wings....................... Amusemente pra $12.40 Ch. Ftaidients..... 14,80 1,9, cte.
$12 $117
$5.41 $21
Constructions, (old)
Do.
(new) Lane Crawfords...... Mackinkaha **** Nanyang Tobacco...
$4.39
$1.00
$5
$15
Sinceres
$15
$19) $11.40
Watsons (old)
$118
Lo. (new) *****
$112
13.88
Wm. Powells .........................
$2,20
110
M. Greyhounds
8. C. Enterprises ....
Ber
39
United Theatre
B. Ini, G. Bond... 6447,
I.K. Gort Loans... $104
Wallace Harper ... China Sports Ltd...
#220 E.K Wing On
K'hai
LONDON STOCK EXCHANGE
[BRITISH WIRELESS SKEVICE.]
Paris Montreal Bimasels Geneva Amsterdam Milen Stockholm Berlin
Do'
EXCHANGE
$188
CLOSING QUOTATIONS
March, 1933.
ON LONDON!--
Telegraphio Transfer... Bank Billa, on demand "/3- Bank Billa 4 months right............
Credits, 4 months
sights
ON NEW YORK:
Bank Billa, on demand si nom Credits, 60 days' sight.. nom ON PABIAN
Bank Bills, on demand 575- Credits, 4 months sight 616 ON INDIA
Telegraphie
Transfer...
Bank, on demand
On Demand
Roosy, March
884
4.81
$17.67%
6.071
Copenhagen Oslo Vienna Prague
65. 14.23132 18.90. 227/18.
|
19.9/16 30.Nom.
ON SHANGHAI
Walsingfors
On demand
Lisbon Madrid
Athena
41.7/16
ON MAKILA
On demandi
500
ON SINGAPORE
Buchar
On demand-
Belgrade
230
ON BATAVIA
Bombay
1/6
Shenghai
1/8
ON SAIGON
Yokohama
1/312
On demand
OF BANGLOR
|
On demand
Hong Kong
South African pound 2001 21003
per £100 sterling.
Silver Spot, 17.11/16; and For
ward, 174
By On demand
SOVEREIGNS, Bank Buy
Bate
BAR SILVES
-17 11/18