12
LONDON EXCHANGE
[BRITISH WIRES ESS SERVICE. :)
1101
(1) 2231 4.13/16 110
бе пот.
Prague.
Bucharest
360
Belgrade
Helsingfors.
Madrid
RUGBY, March 16.
Lisbon
Paris
87.27/39
New York ..........
3.10
Montreal
4,19
Brussela
21.72
Genova
17.87
Berlin
,14.50%
Milan
67!
Stockholm
Buenos Aires
Monteviedo
Bonny
Shanghai
Hong Kong
404 O.R.
33 noni,
HONG KONG DAILY PRESS, MONDAY, MARCH 20, 1933.
MONEY AND MARKETS
1/6.1/29
-1/8.5/a
1/4
深庭糯
Pakohama..
1/3
Silver (spot)
17,3/8
£7.19
Silver (forward)
17.7/16
[%
Vienna.....
31 nom.
Athens
GOS
Oslo
10! "
South Africa, 901-100) per 2100
13.00
Amsterdam
sterling.
|26.10
Copenhagen
18.20732
22.7/16
8.57
COMFORT AND SPEED ACROSS AMERICA
on the
longest Electrified Road
Travel eastward from Seattle on the shortest line between that port and Chicago-through magnificent scenery and in luxurious ease.
The New OLYMPIAN
is fast, smooth and cleana de luxe train- with roller bearings and coil-spring mattresses insuring restful nights-pleasant companion- ship and meals by Rector making days a de- light,
For further information inquira of "American · Express Travel Bureau, China Travel Service, Thes. Cook & Son, your nearest steamship office, or
Ï. 7. BAHL, Azzistant Genil Passenger Agent
W. R DIXON,
Benue, Wash.
General Passenger Agent
GEO. 3. HAYNES,
Patunger Traje Manasar Calceo. 10.
MILWAUKEE,
ST PAUL
The
Operating41% of the electrical main line mileage in the United States
MILWAUKEE ROAD
138.30
FLORE)
15.10
TWENTY REPRESENTAFIYE
5420]
[2378
し
[26.3%
21.75
(20.00
9.7%
·A.O.F.C. Average of
Shanghai Stocks.
CLOSED
A.O.F.C. MARKET COMMENT
of
around 29, although higher rates were registered in London.
Shanghai, March 14.-The Shang, hai Stock Market showed me what better tone at the beginning The Domestic Bond Market with- of the past week. Ewos, especial stood all the intricacies of the ly, attracted much attention and northern political situation very a considerable turnover was record well and, contrary to expectations, ed in these shares. Action the total volume of transactions Shanghai Lands was encouraging exceeded that of the previous week, on Wednesday and the issues were and almost every issue registered a in good demand at 23.The Margain. The explanation for this ket remained singularly undisturbed phenomenon, e. the abundance of despite the general financial un- funds at the disposal of local banks settlement in the United States, and following their release of invest a display of strength was evidenced ments in foreign currencies-18 a in all the leading issues. A good plausible one and was probably the turnover of Shanghai Lands was main factor to account for the bal- done at 24 on Friday. Trams had lish tendencies of the Market. good buyers at 29. In view of the In face of much poor news, both reputed liquidation, a great deal of the stocks and bonds acted rouson- interest was shown for Luna Parkably well. No sign of heavy li shares. Otherwise the Market was quidation has appeared. Prospects lifeless on Saturday; only deben still remains moderately favourable tures received trading attention for a further rise in prices; not Total turnover amounted altoge because business is likely to pick) ther to 7,460 shares and bonds on up very much, nor because credit Monday. Ewos ensed off with
conditions are spt to become small business done at 13.60. Loca! thoroughly satisfactory, but be quotations for Trams remained
cause the tendency may be to anti-
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.
FOR THE YEAR
1933
(20.10)
15.24
1.00
RE
HONG KONG STOCK MARKET.
SATURDAY'S OFFICIAL
REPORT
LIFE ASSURANCE
TAKE OUT A POLICY WHILE YOUNG
It is most important that every one whose life is insurable should w insure his life. For varioua rea. sons some people seem to feel that it is not good to insure. A young man says he is not married, why should he insure He does not re- flect that apart from his duty to his wife and family later, he owes
Whilst the minor issues continue to he the chief medium of trading, investment recurities are gradually and being coming into Invour steadily absorbed.
Hotels and Lights were dealt in at $7.95 and $12.30 respectively, and were enquired for at corres-something to his parents. If he ronding rates for forward delivery. should become ill and die the ex- penas might be very great, and if he were insured the cost raight be. covered and his parents saved from a heavy financial strain caused by his illness and death.
Sales,
Providents (Old) $4,10. Hotels (Old) $7.95, +/ Houg Kong Trams $21.00. China Lights (Old) $121/12.30. Hong Kong Electries $72. Macão Electries 894). Telephones (New) 8971. Cements (Combined) $6.70/0}, Dairy Farms 827,06/27.10. Entertainments 812.
Buyers.
Hong Kong Banks' $1,665.
Canton Insurances $1,350. -
H.K. Steamboats #23.
Benguet Explorations 21 cents. Providenta (Old) $1
Providents (New) $1.10.
ELİ
|20,72
Hotele (Old) $7.90. Hotels (New) $7.70..
Chinese Estates $96.
cipate or hops for some, construe- tive economic developments from abroad which might have their in- fluence on local conditions.
March 8,1933 19.94 High for 1931-33 Sept. 19, 1931 28.66 Low for 1831-33 March 10,1933 19.60 March 14, 1933 19.99
AMERICAN ORIENTAL FINANCE CORPORATION through its Agent Asia Lands Limited
W
Gloucester Building offers.a COMPLETE
BROKERAGE
SERVICE
in
NEW YORK STOCKS
Full and Odd Lots of listed Securities bought and sold for cash or carried on conservative margin.
-
Phone 28380. Cable: ASIALANDS,
NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28080-Gloucester Building, Room 306.
[REUTER'S AMERICAN SERVICE.]
New York: March 18.
20 Rails
Dow Jones Averages:
30 Industrials
20 Utilities
40 Bonds
High-1832 Low: Mar. 17
Mar 18.
88.78
41.92 60.73
00.56
41.30
16.23 28.59
30.11
83.26
-16.53 23,80
85.78 70,35 70.28
Change .17 down 20.09
.61 up 23.40 .20 down .07 down
E. A. Pierce and do. Report. The market is becoming more selective. Sugar Stocks are strong; there has also been a better demand for Bails
Business Done: 5800,000 shares.
الله
41
LAST SALE Mar. 17 Mar. 18
1932
DIV. 8. HIGH Low FEE. SH,
62
31
3.00 Air Reduction
$ 501, 8001
87
8.00 Allied Chemical & Do
844 848
73%
201
4.00 American Can ......к
59j
60
137
714
9.00 American Tel & Tel.
1031 1024
5.00 American Tobacco "B"
012
“Tag”
Anaconda Copper Mining
8.
74
IBI
28 4.0 Auburn
37
38
438
9.00 Borden Company
23
231
20
Canadian Pacific
#
D
r
1:00 Chrysler Motors......
10g
101
66)
31
4.00 Consolidated Gas of NY.
49
403
57
33
4.00 Drugs, Inc. .......
341
35
281- 2.00 Du Pont de Nemours
40
304
30
3.00 Eastman Kodak
591
30
0% 8. Electris Bond & Share
151
45
0.40 General Electric
144
14
401
2.00 General Foods
203 204
1.00 General Motors
13
13
1.00 Gilletta Safety
151
22
13
(Proferred)
87.
**88 bid
International Tel. & Tel.
7
594
59
131
121
13}}
13
30 xd, 30)
25
24
181
.10%
1.00 Standard Oil. Co. of New
25%
120-Union Carbide & Carbon
United States Steel Westinghouse E. & M.
201
244
241
AN INVALUABLE
322
REFERENCE
∙148
HALAY, STRAITS
BOOK, FOR
GETILAMENYS, BORNEO, ZEN,
SHINA, NEPRESLANDS VÕIMET
USE EVERY
FULLY REVISED
· 1939
AND ENLARGED-
DAY OF THE
-YEAR
12
*37)
ORDER YOUR COPY TO-DAY
Published by
THE HONG KONG DAILY PRESS, LTD.-11, ICE HOUSE HOUSE STREET
Sade To Ne
3.00 Loew's Inc.
1.20 International Harvester.....
38 4.00 Liggett & MyersB"
21.
Montgomery Ward
2,80 National Biscuit...
2.00 Pacific Gas & Electric
Pennsylvania Railway
Hadio Corpn. ..........
Sears Roebuck
Jersey
0.40 Bocony-Vacuum. Corpn.
0.00 Union Pacifo
SUGAR PRICES INCREASE
RAW AND REFINED RECORD SHARP ADVANCES
78228238-degate TEST
ording to
Shanghai Cottons Tig: 89. Hong Kong Trams $21. Star Ferriol 891. China Lights (Old) 812). H.K. Electrice 871). Telephones (New) $27. Cemonts (Combined) $0.50. Cements (Old) $5. Dairy Farms $27.
B. Ind. G. & Bonds 04 per cent. H.K. Gort, Loans 41 per cent,
Premium,
Sellers.
Rauba 8101. Malabon Sugars $15. Wateons $11. United Theatres Tis. 5.
IMPERIAL TOBACCO AND COMPETITION
London, Feb. 28.-If the optimism of Lord Dulverton, in his speech to the shareholders of the Imperial Tobacco Co., was qualified, the reservations had no disturbing effect on the market, which welcomes the effort to moet keen competition. The position has been so well dis- counted by the recent decline in the shares that holders are not likely to be perturbed. The reduction in the net profits is traceable to causes beyond the control of the manage
ment.
Decreased consumption and com- petition operated as the actual turnover slightly decreased, but the main cause was the heavy addition
Another point in favour of in- aurance while young is, that the premiums are less, and the burden. through the years is therefore les. sened. Not only so, but in the case of policies taken out for an ad- vanced age the bonuses in a good company, are more.
Some people advise whole life Insurance and in a way that is good, but most modern insurances are of the endowment assurance form, payable at a certain age or at death if that should occur ear- lier. If one has a share in a pro- vident fund, it may be that he will have a pension, but if he has an insurance policy maturing at the time, he may be able to use the money obtained from that to purchase a house and get settled, and use his pension for supporting him in his old age..
Apart from this provident funds can never give the benefits confer- red by life or Endowment Insur sace if the man should die young. There are many Life Assurance Companies and other Associations for the purpose of carrying on this type of business.
Details of British Offices.
A book is published every year with details of about 50 British offi- ces. Some of these are Companies with Capital and shareholders, and some are mutual offices which axist solely for the policy holders. Ad- vice is given in this book as to how to choose a good office in which to insure; and it is best. to choose one'a Company or office or associa- tion, and not merely to fall in with the views of an agent who natural- ly wants to secure business for his own Company.
Insurance proves to many a very great boon, of one thousand people at twenty years of age, eight may be expected to die within the year. The average increases until at 50. years of age it is about 20. In the case of such a death, the family reaps a financial benefit, though, most people hope to live to receive the amount they insure for with bonuses earned during the years, and not to secure the benefit of an Barly death,
Some people think that this means loss to the Association but it i to the tobacco duty imposed in the not so. This is calculated out and Emergency Budget of 1931. A re the mutual principle involves the duction in the revenue from the help of the unfortunate one, but the British American Tobacco Co. was loss is infinitesimal as far as other another important influence, while individual policy. holders are, con
cerned. the discriminatory duty imposed by the Irish Free State was an un- usual and unforeseen disadvantage. The determination of the combine
to fight competition by yielding to <luding the Master of Sempill and
Air Vice-marshal Borton. the coupon craza must be regarded
Lady Houston.'
as a sign that the company's trade is not to be diverted without a struggle. The hurd facts of the
Lady Houston, who has taken a" situation are being faced, and great interest in the flight from the though little encouragement was start, sent a personal representa held out for any appreciable im- tive." provement during the current year the financial atrength of the organ isation ensures that it will main tain-ite position.
THREE SILVER AIRPLANES
The King Wishes The Expedition Success
MARQUESS M.P. LEADER
A
sister of Commodore Followes presented each man with a bunch of white heather.
The Marquess of Clydesdale said. to the Erening Standard:"
"We expect to take a fortnight lo-reach-Indin-and-to-be-awer_jor......... two and a half months altogether. "Our object is to fly over and photograph Mount Everest, to sur- vey the immediate surroundings, and to prove that the highest moun- tain in the world is not. a barrier to air transport. If we are suc cessful we shall have accomplished in the three hours of our flight something which would take years of ordinary effort."
Mrs. Fellowes had been given, a bunch of violets and a small bunch of lilies of the valley. She said she was looking forward to the trip to India tremendously. She add- ed:
London, Feb. 21-Three. sanall silver airplanes rose into the air above a waving crowd at Heston
I would like to go on the flight Aerodrome at 0.32 am to-day, and the expedition which is to fly over over Evercut, but I know they will Mount Everest (29,000 feet), the not let me, so is it no good think." highest point in the world, had ing about it."
The Master of Sempill, speaking started.
The three men who will fly over of the flight, said: Everest, if all goes well, and Air-The conquest of Everest and a commodore P. I. M. Fellowes, the non-stop flight round the world are Marquess of Clydesdale, M.P. (the the two great things that remain first pilot), and Flight-lient, D. r for aviation to achieve." MacIntyre
Heated Clothes,
A large party had assembled at the aerodrome shortly after 8 a.m. With Air-commodore Fellowes was his wife, who is flying to India with the party
Refiners yesterday,
Air Commodore Fellowes receiv reports, bought about 300,000 bagsed a letter from Colonel. Sir Clive of Cuban and duty free raw sugar Wigram, Private Secretary to the from other points, including the King, convering the King's good Philippines, for March and April wishes for the success of the ex shipment at 83.05, an advance of pedition, an 19 points over the last regular
The Duchess, of Hamilton saw her eon, the Marquess of Clydesdale, Centrifugal was quoted at 82.88 off on his great adventure, at the close of Friday market.. Many people prominent in the fly Cuban for March shipment thening world were also at Heston, in closed at 90 bid
(Continued on next columM)
Now York, March 8.--Now and | quotation.. refined sugar have advanced sharp- ly in price in the face of restris, tions on futures trading imposed because of the banking holiday:
Lord Clydesdale was dying a Tiger Moth. Commodore Fellowes a Puss Moth and Flight-lieut Macintyre a For both,
· The nirplane which will be used for the flight over Mount Everest has already been sent to India,"
For the Everest flight, the pilots and observer will be using oxygen and they will wear electrically- heated clothes. *
Colonel Blacker, the chief obser ver, Joft Croydon by air liner to- day for Paris, where he will pick up the air liner from India Saturday,
on