12
NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.).
Tel. 28380-Gloucester Building, Room 306.
(REUTER'S AMERICAN SERVICE]
Dow Jones Averages:
Mar 16 Change 895 83 up 29.19 unchanged
New York: March 16.
4.1%
High-1932
Low: Mar. 15
30" Industrials
88.78
41.22 6210
41.30
14.92 99:19
36.11
16.53 24.58
24.65
83.28
63.78 75,14
20 Kaila
20 Utilities
40 Bonds
.07 up 76.45 1.31 up
Asia Lands, Limited, havo received the following roport from their New York correspondents, E. A. Piprco & Co. There was inore profit-taking today. It appears obvious that there will be no "run-away" market on the "up aide". Selling this afternoon was well taken. We believe the logical policy is to be on the long side as regards Industrials and Rails and we would be cautious in buying Utilities. Business Done: 3,300,000 shacos.
1932
DIY..
Elion Low PER. Si.
انه
23
LAST SALK
HONG KONG DAILY PRESS, SATURDAY, MARCH 18, 1933.
MONEY AND MARKETS
HONG KONG STOCK MARKET
WEEKLY REPORT
The past week may be said to have been a week of the minor seò-
ane!
ASIA LANDS, LTD.
United States Stock Market Reviewed
tion. Opening at the buying rate GENERAL MOTORS CORP. of 88.35, Cements sustained a heavy decline, being sold down at
General Motors' January sales time as low as $6.40, combined, ali showed a sharp upturn. Sales of though closing slightly above the General Motors cars to consumers worst. Chino Lights were a very in the United States during Janu- steady market throughout the ary totalled BD,653, against 19,999 in period, being traded in good December, and 47,042 in January, sized parcels both for cash and for- ward up to $12 cash and 812) April delivery. In the same oc- tion, Hotels also kept steady, there having been a consistent demand between 87.80 and 97.80 cash.
There was not much movement in
the other sections of the list, though on the whole, the undertone remains firmu.
Closing tone somewhat irregular but steady,
BUSINESS DONE DURING
THE WEEK. Hong Kong Banks, 1,630, 81,055, $1,060.
Union Insurances, 8525," Benguet Explorations, 20 cents. Docks, 818).
Providents (Old), 84.10, 84. Hotels (Old). 88, $7.70, 87.80
024
318
3.00 Air Reduction,
60%
Mar, 16 Mar, 16
801
57
42
6,00 Allied Chemical & Dye
678
Hu
731
20
4.00 American Can
61
137
712
9.00 American Tel. & Tel
1059
NOT
44.
5.00 American Tobacco B"
01
*63)
18
3
1512
281
4.
Anaconda Copper Mining Auburn
D
88
401
309
43
201
2,00 Borden Company
241
209
.71
Canadian Pacific
91
.91
21
D
1.00 Chrysler Motors
101
11
082
31
4.00 Consolidated Gas of N.Y.
513
514
37
03
4.00 Drags, Inc.
Jal
90!
002
221
2.00. Du Pont de Nemours.
41%
412
87%
36
3.00 Eastman Kodak
60)
5
6. Electric Bond & Share
2100
175
8)
0.40 General Electric
143*
ing
10.
2.00 General Foods
271
1.00 General Motors
13)
14
I
1.00 Gillette Safety
163
เ
190 International Harvester .....
231
251
Hotels (New), 87.00, $71.
(Preferred)
Lands, $76.
8
Realties, 87.55.
4.00 Liggett & Myers "B"
60
61
Tramways, $211, 8214.
131
4.00 Loew's Inc.
14*
131
3
Montgomery Ward
'14
14
20k
9,80
National Biscuit
414
Star Ferries, 801, 8001, 891. China. Lights (Old), 8111, 812). China Lights (New), 99,
9.30,
10
2,00
Pacific Gas & Electric
27
?
801, 801.
6.
Pennsylvania Railway
Electrics, $75, 8751, $75.
Radio Corpn.
Telephones (New), $271.
37%
Sours Roebuck
37
10%
1.00
Standard Oil Co. of New
Jursey
27
12
缽
379
03
944
28
021
43
International Tel. & Tel.
0.40 Socony-Vacuum Corpn.
1.20 Union Carbide & Carbon
6.00 Union Pacific
United States Steel
Westinghouse E. & N.
SHIPBUILDERS,
SHIP REPAIRERS,
BOILER MAKERS,
FORGE MASTERS,
OXY-ACETYLENE AND
ELECTRIC WELDERS, MECHANICAL AND
ELECTRICAL
· ENGINEERS,
ANONS BA5B6-886-2-
285
-DRY DOCK-
Length 787 Feet.
THE TAIKOO
DOCKYARD & ENGINEERING COMPANY OF HONG KONG, LIMITED.
SALVAGE TUG "TAIKO0"
WIRELESS CALL
V.P.G.N. 600 METERL
Length on Blocks 750 Feet.
い
Depth on Centre of
SNL (H.W.D.S.T.) 34 ft. 8 ins. -THREE SLIPWAYS.-
Capable of Handling Ships Up to 4,917 Tons Displacement
Electric Crane at Sea Wall. Capable of Lifting 100 Tons at 70 Feet Radíus.
BUTTERFIELD & SWIRE, Agents,
**HONG KONG, CHINA & JAPAN,
TEL. ADDRESS: "Taikoodock, Hono Kona"
TELEPHONE: 27211
CALL FLAO: "C" Oven "ANS. PENNANT."
Hong Kong Weekly Press
The Fighting at Kupeikow
Local Company Meetings
Kowloon Residents Association
Local Sport
Cricket, Football, Racing, Yachting, etc.
and
Other Interesting Features.
THE PAPER WIth the yellow COVER
Price :-30 Cents.
Annual Bubscription: Hong Kong, $18; Post Free to any address, 818: Quarterly Subscription, 84.50. Orders should be sent to the
HONG KONG DAILY PRESS, LTD., "LAPHONE: 30251.
11, Ion HousM STRENT,
Cements (Combined), 88.35,
$87.00, 87.70, 80.70.
Cements (Old), 86.
Cements (New), 811. Dairy Farms, 827.10.
1032.
Sales to dealers in the United States in January were 72,274, against 44,101 in
December and
63,382 in Jannary, 1932.
Total sales to dealers, including Canadian sules and oversoas ship monts, were 89,117 in January, against 63,849 in December and 74,710 in January, 1932.
NATIONAL STEEL CO.
report
National Steel Corp, was the only major steel producer to
arnings for its stock in 1932. The dividend paid on the 75 vents capital stock was covered with a margin of 2 cente
The management hus continued its conservative policy, as a result of which the entire 1933 sinking fund requirements already have been an ticipated. In addition the company has in excess of 30,000,000 in cash on hand,
DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
SHAREBROKERS ASSOCIATION.
Buyers Blero;
Balee Nominal
FRIDAY, MARCH 17.
Bʊyste
Bellarm
Sales
Nomina
THE TIN MARKET MYSTERY
Bankı
$1,600)
H.K. Banks ********* $1,660
+
£117 £13
10
Chartered Banks
2041
Mercantile Bks.
EDI
Do.
KAH "O"
$100
Bank of East Asia...
N, O. & S. Barka
371
***
198
Am. O. Fin. Corp:
Curious Events in Singapore
Singapore, March 2.-Thore are # number of men prominent in international tim circles whose movements are being watched with the closest interest locally.
On Tuesday, the air of mystery in which events in the world of tiu the Rotterdam Lloyd stoamor Dem- are to-day enshrouded hung over
po prior to her departure at 4 p.m. for Java.
Two hours before, Mr. J. H. van Ketwich, adviser on tin to the Dutch East Indies Government, who makes periodical visit to this country, reached Singapore from Port Swettenham by the Kedah.
Evading & Straits Times roporter who went to the boat to meet him, he slipped away with two com panions to Pulau Brani, where the Straits Trading Company smelting works are situated.
Animated Conversations.
Later he boarded.. the Dempo on which he sailed to Java. Before the boat was due to leave, the gather- ing in the saloon had become large one. Some of those present were well-known in the local tin market others were strangers The conversation was animated.
&
A Straits -Times reporter established the identity of one of
Since the beginning of the current your National "has held its place in the going business. Tin plate ac 88, tivities have been satisfactory at the more mysterious figures as that Weirton, in view of existing conthof Mr. J. Van der Brock, a member tions, and the advantageous position of the International Tin (Restric- of the Great Lakes plant, near Detion) Committee, who, it trans troit, has brought a good share of nired, came out to this country | the automotive orders to the com-
from Holland 'a short, while ago. pany,
CHANGES (3.15 p.m.) CLOSING
QUOTATIONS.
Buy are.
Hong Kong Banks, $1,865.
Hotela (Old), 97.80.
Hotals (New), 87.60. Cements (Combined), 86.70. Cements (Old); 85.
Shanghai Cottons, Tls. 89. Govt." LoaDR, 43 per cent. Prero.
Sellers.
Lane, Crawfords, $41.
Sales,
China Lights, (Old), 812).
SHANGHAI SHARE MARKET CARROLL BROS QUOTATIONS.
Messrs. Carroll Bros received the following cabled quotations of Shanghai Slares, dated March 17, China Finance Corp. International Investment
T 3.75
UNITED FRUIT CO.
In the process of readjusting the present-day valuation of its vast property investment, United Fruit ordered a reduction in valuation of In addition, about $51,000,000. $3,000,000 was written off the books worth of other assets, the entire programme involving a writedown of just under $31,000,000 of valua
tions.
On the new depreciation basis na- turally arising from the re-statement of assets, United. Fruit earned in the first nine months of last year $1.70 a share, as against 44 cents share on the old basis. Net before taxes was respectively 84,973,500 and $1,300,000 on the new and old bases.
The company ended the year in 7.60 strong financial position, with cash boldings ahead of the previous year
Both Mr. Van Ketwich and Mr. Van der Broek preserved a smiling but strict, silence when approached. Mr. Van der Broek refused to utter a word about restriction.
"Matters are at too delicate a stage for me to say anything yet," he insisted.
But do you think Malaya is being unfairly treated in the matter of her quota in view of the fact that her potenial supply has increased, whereas that of other countries has not "
י;
but there. I cannot say anything "Ah, on, of course we don't,— about these maters."
"You ask Mr. Van der Broek," he said, exasperatingly, in answer to questions with regard to restric
In view of the strong cash positiontion, the Dutch attitude-and those
$1,340
$22
T.1.60
$2.35
***
014
3890
***
Do. (London)
Underwriters. MARTIN
T.485 China Fio. Corp. Url.
Do.
Insurances
Prof.
Canton 1saraYIDDI.......
Union Insura2006 .i.) China Fires
$1,330 H.K. Fires........
International Assoe..
Shipping
Douglaaca rivred Steamboats
Benguet
£941
201
$1011
***
$1,350 12.50
**
***
526/59/7)
ja25
$1,310
$31
122
-$35
$26
Indos (pref.)
$20
Do. (def.)
$9/6
Shella
$20
Waterhoa ta
Mining
$18
*$18
14 20 Venezuela Gold Fids
13
31/3
Kailans
95/
1.4
TA
C.2k
T.
$10
1810)
13,6
Langkala (singla)...
T2.10 Explorations.
T2.30, Bhanghaj Loans, ...
Hanbs
Tronoh Minus Beugnet Explorations:
Docks, WharVOR, Godowns, sto. H.K. & K. Wharves. Providente (old) ... .....) Do (ue)---| U.K. & W. Docks
S. Chins Motors' A'
Do.
1984 Shanghai Dooks T5.70 New Engineerings
Hongkewa ...........
Lande, Hotels, and Bulidings
1129/1 30 $4.10 ***
$132
$1,40
$10 19
$18
***
1.99
יו
H.K. Hatola (old)
Do. (пет) B.K. Lands
$7.70
$7.30
$74
$76
T.234 Shanghai Lands
T.10
Metropolitan Lands..
$7,55
H.K. Realties.........
[T11.40) China Do
*1.99$
Do. Debentures
314 Humphreys ***** M$140] Asia Reasties “A” M$24
Do.
Chinese Estates.....
Ootton Mili
***
$1,60
$B 1.92 *1,
£7.75
$7.50
75
$7.05
www
$1aj
148
T.12
Ewosti...............
ex dir, T12.60
T.69
Shai Cottons.......
7.67
T.11
Zoong Sings........
TH
8:05
Wing On Textiles(S)
$115
Fublic Utilities
$14
$211
$1.20
$16
$8
$8
$91
$91
$32
$83
(now)
#21
$30
1911
***
191
***
Tramways conaturscor
Poak Trams (old)...
Do. "(new)
Star Ferries..................
|Taunati Ferrios (old)]
Do.
cum rights..
China Lights (ok)... 11
Do.
(now)... $9.30 Do It...
H.K. Electrics......!
Sandakan Lighte...
Telephones (old)............... Do. (20W)
China Busss ......... Tractions
Do. (pref.)...... "Industrial
++
**
{ex div.j #72)
**
*78 $27
#1211
101
And Mr. Van der Broek would. not say, another thing.
$71j
$24,30 Macao da
Mr. Van Ketwich was equally secretive,
$13
$50
$27
T.10
3/L-
19/
$18
Malabon Sugara
327
T.14
Caldbeck, (ord.)
T.10
$6
Canton fees......
Macgregors (pref.)
36
18.70
35
Cements (comb.)...
11.90
RAD
Do. (uld)... Do, (BW)...
$2
$10
$105
$7
$27.10
01
$121
Trust Co. (Ord.)
Cathay Land
Yangtze Finance Co. International Assurance Co. China Realty Co. Shanghai Land Investment
11.00 8.00 3.70 10.00
Co.
23.25
and the fact that the best earning period of United Fruit runs from May through August, the favourable outlook of the company's directors upon the spring business appears to yet." be justified.
accumulating tin stocks in D.E.I.
20.00 12.70
70.50
10.75
New Engineering and Ship
Building Works (Ord.).............. 5.60 Shanghai Dock and Engineer-.
ing Co.
69.50 Shanghai and Hongkew Wharf Co.
...... 210.00 Shanghai Electric Construc
tion Co. "B." Ewo Cotton Mills Ltd.. Shanghai Cotton Manufac
turing Co. Zoong Sing Cotton Mills
Ltd. American Asiatic Underwri-
ters (Ord.) American Oriental Finance
Corp. "B." Asia Realty "Bearer" Shanghai Hower Co.,
(Pref.) Chinese 5 per cent. Gold #
Bonds 182%
LONDON STOCK EXCHANGE
20.00
20.00 22.00
94.00
00%
(DRITISH WIRELESS SERVICE.]
Rugby, March 18.
.871
3.462
Paris
New York Montreal Brussels Genova Amsterdam
Milan Berlia Stockholm Copenhagen Osló Vienna Prague.... Helsingfors Madrid Lisbon Athoná
Bucharest
„Bolgrades.
Rio.
Buenos Aires,
;-
Montevideo
Bombay
4.114
20.091
17.82
6.56
.67 1/10
14.477
18.00 22 7/10 19 31 Nom. 1157 227
40 11/20
BETHLEHEM STEEL CORP.
"No, I'm sorry," he concluded. It is too early to say anything
Trip to Rhio,
The Straits Times learned that Mr. Van der Broek intends to leave Singapore aboard a private launch for Rhio to-day accompanied by four friends, whose names are given as Mesirs. J. E. Bruning, Van Boven, C. Menselaar and Luck- hurst.
Nothing can be learned in local tin circles about these develop- The strictest secrecy is ments. being preserved.
Ropes
Ch: Agricultures
Miscellansons
Dairy Farmer
Der A Wings........ Amusementa
$19.40 Ch. Etainmenta, 34.80
Constructions, (old)
Do. (now) .50 ctr Lane Crawfords...... Mackintoshain
Nanyang Tobacco...
Binceres
Watsons (old).......
WE Powells
9. cts.
$21
#15
$11
$3.35
10
M. Greyhounds
SH
M. C. Enterprises...
"United Theatres ......
64%
B. Ini, G Bonds....
44%.
prem.
H.K. Gork Loaus... $104)
50
Wallace Harper
China Sports Ltd ...
$280
H.K. Wing Oo ..............
B'hai
Do.
Of major importance We to Bethlehem Steel Corp. last year the ability of the management to keep a strong cash position. Despite cash outlay of $10,758,457 for redue ing the funded debt, $2,297,340 for additions and improvements, and 86,840,000 for dividends, a total of $19,095,707, there was a decrease of only $3,303,132 in eash and liquid securities, which' ' amounted to 848,975,580 at the end of December. This was accomplished by a reluç- tian-of-$16,187,861 in inventories..
Throughout 1932 Methlehem' cent figures indicate that the margement continued liberal de abgement has made further sub- ductions for depreciation, depletion, stantial progress in reducing ex- etc. For the entire year the depre penses. In October and November, ciation and depletion deduction increases occurred in net operating amounted to $13,101,589, although income over the 1931 results, de- spite declines of some $5,000,000 and net income from operations was only $594,138, whereas in the 1931 26,400,000 respectively, in gross re- fiscal year, when operating income turna. Financial condition is im- totalled 821,380,004 the charge was pressive, and there is no doubt as $13,844,910, or only $743,321 larger to the road's ability to withstand than in 1939, the poorest year in the the stress of the remaining period of the depression Networking history of the corporation.
capital as of November 30, 1939, Betblethem's organization has amounted to 852,529,000; cash ae been kept in good condition during count stood at $38,910,100, and other the depression Costs are under liquid items aggregated $18,985,000. complete control and varions econo- There were no loans and bills pay- anton mies have been put into effect which able outstanding, and long term will permit a comparatively good debt maturing within six months showing with only a moderate in-totalled only $4,750,000, crease in operations.
Officials of the company appear to be somewhat more cheerful than they were a year ago. It is felt there is a substantial steel demand daned up which would be released at the first sign of a definite return of confidence among consumers based on better general business,
The Bethlehem organization has been getting more than its shars of the business in the heavier pro of now.
"“ducts, such as structual steel. Many 1 Unical of the largest projects have come to Rato. the company. However, lack of railroad "huying has been keenly 33 Nom.
felt.
110
005
580
28
1/0
Shanghai Hong Kong
1/8
Yokohama
Silver (Spot)
1/3 177
15/10
War Lona 31
£100 sterling
Silver (Forwa
South African 1007 1
PENNSYLVANIA RAILROAD
CORP.
This carrior reveived its full pro portionate share of the extra-sen personal expawionum trafia registered? in the fall months of 1932, while re-
AMERICAN ORIENTAL' FILANOB
CORPORATION
COMPLETE-
SERVICE
A complete brokerage service for New York Bioks available at our local Agents
Asia Lands Limited
Gloucester Building.
aily Quotations sent-gratis upon request.
LOCAL AND REGULAR OUTWARD MAILS,
$12
$11/
24.30
$43
$35
8335 2163
WEEK DAYS, SUNDAYS & HOLIDAYS
FOR®
From
G.P.O.
FROM SHNUNGWAN BRANCH PO
Fox FROM 8HWUWOWAN G.P.O.
BRAKON 2.O.
7,15 a.m.47.00.
• 4.00p.m.
7.00 pm
( 7.35 mm & ƒ 7,00′′ dizze de 15,00p.m.
17.00 pm.
Sambal and Wuchow (By 400 p.m.
direct steamer)
4.00 pm
4.00 pm
8.16 am. &
9.00
840
1.15 PR
1.80 p
Macao & Trinaban
(7.16 am, &] [7,80 1.1.
1.16 p.m.
1.80 p.m.
Baday 815, only
Bandays 8.30 0.
Lonly
Longmoon (except Baturdays) 5,00 pav.
Kaukong (except Saturdays)
6.00 p.m. 6.00 p.m.
5.00 p
6.00 p 6.00 pm
Fabshan and Wuchow
Trala) T'al O
Cai Pa
(B
7,16 a.m.
7.15 sitte
11.00 am
1.00 p.m.
€9.00 ..
8,00 #
( 9,00 1,0, d)
1.00 p 16.00 p.m.
&
∙11.00 the (11.00 ..
8.00 1080p
8.30
10.80
480p.m
10,80 m
Shamokos
Cheungchow
Aberdeen Stanley
Antan
Pingshan Bantiá Bhat
Bhatankok and Sheung ahui 9alkung...
Namtan, Srekt. & Ta
Famtal
1 & 5,00 pr.)
8,00