DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
Buyers Serr
SATURDAY,
Balss Nomla! APRIL 8.
Banka
B.K. Banks
Do. (London)...! Chartered Banks ... Mercantile Bks. "A"
Do.
Bank of East Asia...
Luumuudmu gengum Indium
26 cts.
#721
HONG KONG DAILY PRESS MONDAY, APRIL 10, 1933
MONEY AND
SHAREBROKERS ASSOCIATION.
Butlere Buyers
Domini
$1,716
THE COLONY'S MONEY
£131
Lo $103
"O'
2118
£13
£24
3100
N. C. & S. Banks
$20
Am. O. Fin. Corp:
M
T4 88 China Fiu, Corp. Urd.
Canton Insurances,...
*******
$1,355 32-40
Revenue Heads Expendi- ture in 1932
FALL OFF IN LAND SALES
Government expenditure in 1932 amounted to 832,000,000 compared with $31,160,000 in 1931, an increase of 880,500 despite the Economy Commission. Estimated Revenue compared with 833,540,000-- of expectations.
$33,001,000
Increases in rovenuc chmo to
T.4.60
Do...
Prof.
IDZOTAKOSS
32.36 Underwriters
1891/8/60
Union Insurancos ...| $355
1620
China Fires.......................
$1,330 H.K. Firos
3625 $1,319
T.8 International Assco...
WILS nctual
roversio
of
Skipping
Douglases
$34
8441,700 short
Steamboats
$22
Bh
Indos (prof)
85/
$3,223,000 and decreases
$20
Do. (dot)
mae|
80%
$2,334,000.
40/104 Sholla
41/0
Waterboats
$201
Mining
$19
***
Benguets.......
.300
***
$4.20 Venezuela Gold Fida #3
21/3
***
Kailans!!!
25j.
as follow:
1.7
Langkata (single)... T.61
Duties...
T2.10 Explorations.....
Ti
T2.30 Shanghai Loans
T.zi
Licences, etc.
$P.10 Ragbe
321
Fees of Courts, etc.
Tronoh Mine
13.6
131/*31
$20,
***
31.40
#18
$10
$8
***
*
$4.00
$139 $131/1 32
$4.05
(new)...
$1.45
190 18
38
Benguet Explorations
Dooks, Wharves,
·Godowna, eta.
H.K. & K. Wharves.
$4.15 Providents (ok)....
Da
K&W. Dooks
S. China Motors A'
.' Do.
1,00| Shanghai Docks
T54 New Engineerings
T. Hongkews ........
|Landă, Hotels," and
Hulkiings
H,K. Hotels
Shanghai Landa
Metropolitan Lands..
Humphreys in
M$140 Asia Raafties "A"...
M322
141
Do. . "B"...
7
723-721
H.K. Lancis
T.S2
T.10
$7
H.K. Realties...
T.10
China Dq
1.98
Do.
Debentures
314
-
!!!
#16:
$6.00
$6.90
$72
***
1.03 T5.60
$18.90
to
The balance of assets over liabi- lities is $12,847,000.
Increases in Revenue.
Notable increases in revenue wero
$391,131
712,829
144,700
Kowloon-Canton Railway.. 200,000
Rent of Government pro-
perty, land and houses 05,007 Interest
38,701 Miscellaneous receipts.... 635,790
Decreases in Revenue. There was a small decrease of $2,000 in härbour dues, but the ac- tual receipts, 8811,000 were in ex- wesa of catimates.
Land sales brought in 81,370,838, compared with an estimate of | $1,780,000, and a revenue of no less thin $3,164,000 in the land boom year of 1031.
Big Decreases in Expenditure.. Among decreases under heads of Expenditure were the following:-)
H.E. the Governor......8 4,008 Cadet Service
|
MARKETS
HONG KONG STOCK MARKET
SATURDAY'S OFFICIAL
QUOTATIONS
A very uninteresting morning, except that investment securities would seem to be coming into favour once again.
Sales.
Union Insurances, $5621/500 H.K. Steamboats, 822. Benguet Consolidateds, 818. H.K. & K. Wharves, 8131/1314. Hong Kong Lands, 8724/72). » Hong Kong Trams, 8911/91, China Lights (Old), 318.20.. Dairy, Farms, 827.. Buyers. Hong Kong Banks, $1,725. Canton Insurances, $1,360. Douglases, $334,
Benguet Consolidateds, 820., Benguet Explorations, 30 cents. H.K. &E, Wharves, 8130), Hong Kong Lande, $79. Chinese Estates, 895. Ewo Cottons, Tia. 117. China Lights (Old), 812, H.K. Electrics, #71- Macao Electrics, 825), Telephones, 87.20. Cements (Combined), $7.05. Constructions (New), 90 cents.
B. Ind G$ Bonds, 85% H.K. Govt. Loans, 53% Prem.
Bellers. China Lighte (Old), 81220.
LONDON STOCK EXCHANGE
[BRITISH WIRE/ESS SERVICE }
Rugby, April 8.
Paris New York Montreal
14.83
18.92) 227/18
19 7/32-
THE EXCHANGE MARKET
MESSRS. ROZA BRÓS.; REPORT
Silver prices rose 1/16 yesterday for both, deliveries, the quotations being 17 for Ready and 17.9/16 for Forward. Silver advices reported America a having bought. China sold. The tone at the close was in clined to weakness. Buyers were satisfied. In America the rate was quoted at 27 for Spot.
The New York/London cross-qate was lower at 3.417.
With, the exception of the Tael rato which was unchanged at 761 and the Bangkok rate which was put up to 140, other rates were lowered,
یا
Market. Uncertain at the opening but later weakened following Shanghai.
Sterling.
The market opened with sellers at 1/3.21/32, buyers bidding 1/3. 23/32 but the buying rate soòn re- ceded to 1/3.21/32 leading to busi- ness.nt 1/3.11/16 for cash and 1/3. 191/32 May. Later offers at 1/33 were accepted for April and May. The market closed with probable sellers nt 1/3.19/32 April, 134 May and probably 1/3.21/32 June, buy- ors at 1/32 higher respectively.
Gold Dollars,
Business was done at 92.5/16, and 22 for near delivery. Towards the close transactions were also arrang- ed at 22.7/16 June. The market closed with sellers at 22.3/16 April, 226/16 May and probably 927/16 June, buyers at 1/16 higher respec- tively.
Yea.
Merchants were quoted at 104 for near delivery..
Taels,
Sellers at 78.3/10 for cash, buyers probably at 1/8, higher.
Bhanghai,
HE
REND IN T
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
vla Panama Fortnightly sailings on Wednesdays Prea. McKinley Apr. 19, I am. Pres. Coolidge....
****Apr. 28: Pres. Lincola.....May 10 Pres. Hoover...................................... May 24. Pres. Wilson............. June 7 Pres. Coolidge
To Seattle and
Victoria
13
Fortnightly sailings on Saturdays Pres. Jefferson......Apr. 15, 1 a.m. Pras. Cleveland ... MayTM $ Pres. Taftos de May 20
·Pres. Jeferson............................................ June 3 Pres. Madison... .... ....... *** .....June 24
ROUND TRIP FARES TO EUROPE & AMERICA.
Direct Special through rate to Europe via United States," connections with all Atlanto lines. Choice of mil finas, across
United States and Canada, liberal atop-over privileges for Sight-seeing. Full particulars upon application.
L
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombe, Bombay, Suez Canal, Alexandria, Naples, Ganon, Marseilles, New York and Boston.
Prae, Monroe o
86.23.
...Apr. 15 Pres. Garfelde
Pres. Van Buren......................................Apr. 29
Pres. Folk..
TO MANILA
.May 27
Next Salling ....... Pres. Mource April 15, 8 am. Pros. Coolidge...
Apr. 19
Pres. Clevelandteposterous May Pres. Van Buren Apr. 29. Pros. Clevoland ..................................Apr. 29 Fres. Lincoln
..May 2
Proa. Taft Pren Hoover Pree. Taft
May 15 May 16
Connecting with 8.8, MAYON To CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES
AMERICAN
MAIL LINE
CANTON BRANCH-4, SHAXE STREET.
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE
M.S.
"JUTLANDIA" Sailing on 24th APR.
881
3.412
4.12
81,838
Brussels
24.50
Senior Clerical and Ac-
counting Staff
Geneva
17.081
38,202
Amsterdam
8.47-
Chiness Estates......
Importa and Exporta
Milan
66 7/16
Cotton Hills
Office
338,220
Berlin
T.11!!
Evros
T11.80
Police Force
247,452
Stockholm
T.71
S'hai Cotton.......................
T.71
444
Brisons Department
12,342
Copenhagen
T.10
Zoong Bings ...............
T.300
Medical Department
51,382
Oslo
8103
Wing On Textilog(S.)
$100
T
Miscellaneous Services
630,182
Vienna
321 nom.
Charge on Account of
Tramways
$21
321
Public Debt
..... 227,585
Prague Helsingfors
1142
197
$15
Public Works Department 169,796
Madrid
40%
18
Do. (new)...
$8
Lisbon
110
$91
Star Ferries $9 1
301
Increases in Expenditure.
Athena
005
$39 $311
Yaumati Ferries(old)
Increases included the following:
Bucharest ......
670
April, buyers at 1/7 May and probably April..
Do.
(now)
cam. rights...)
$30 $12.99
Junior Clerical Services.
61,000
Rio
Passenger fare Hongkong/San Francisco
Post Office.......
31,000
Buenos Aires.....
41 Official
$18
$12.23 $12.9
5111
(DOW)...
#11
Harbour Department
58,000
Rate.
Hong Kong
$71
Education Department...
38,000
Montvideo
Bombay
Shanghai
33 nom,
1/61/18 1/8
Yokohama
| 21/21]
Pubilo Uliktins
| $14.80] Pook Trama (oki)...
China Lights (old)........
Do. H.K. Electrica ...... Macao do. ***
$10 Bandakan Liglīts.........
Telephones............$27
Do. (prof.)....
T.14 Caldbeck, (ord.)
$27.30
T.10
China Buses.................
Tractions
121.
Industrials
$10
Malabon Bugars
$27
TV Mucgregora pref.)
$8
Canton lees*******
$6
$7.05
Cements (comb.)... $7.00
$7.10.
$51
Do... (old)...
Do. (DAW)...
Ropes
$10
$7
Ch: Agricultures
397
Dairy Farms
$1
Der A Winga.......................
$14
Amusementa
$18
Ch. F'tainmenta......
(now)
Canton
Miscellaneous
Do.
4,80 Constructions, (oldį
Lane Crawfords.....:] $4.95
Mackintosh......................
Nanyang Tobacco....
Watsons
$27.10
J+
$121 $12 14.30 $1
1154
174
21
315)
Sinceres ase
3.36
Wm. Powella
310
M. Greyhounds................
$31
S. C. Enterprises ...
14
United Theatres
B. Ind. G. Bonda... 08/
***
prem.
HK. Gort, Loazin .......). $105
$9
***
Wallace Harper......
EN
China Sports Ltd .....
1920
B.K-Wing On
$290
S'hal Do
$180
LOCAL AND REGULAR OUTWARD ́MAILS,
Total Decreases... $2,334,000
Military Contribution... 1,636,000
Total:
20,659,000
U.S. INVESTMENT
NEWS
ASIA LANDS LIMITED.
General Foods: At present prices these shares remain attrac- tive for long pull retention or for switching from less desirable situa tions. Full year share earnings now. ara estimated at about 82. As sales have been satisfactory thus far in 1933, it is anticipated that earnings for the current quar ter will approximate dividend re- quirements on the present annual basis of 82; at least temporary maintenance of the rate is bable.
(Continued on next Column)
Early advices indicated sellers at 1/8 buyers at .1/8.1/16. · Subse- quently the market weakened ́and business was done at 1/7 May There were sellers 1/7.13/10
1/3) 1/2-15/16
Silver spot & forward 17 South African £, 001-100 per £100 sterling:
NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG,)
Tel. 28380 Gloucester Building, Room 304.
(REUTER'S AMERICAN SERVICM],
New York: April 8.
Dow Jones Averages
30 Industrials
40 Raile.
pro
20 Utilities
40 'Bonds
sus-
International Harvester:-Pend- ing definite indication of a tained gain in farm purchasing power representation in these shares is not advised. The recent halving of the common dividend rate to an annual basis of 80.00 reflecte the increasing adverse effects of the greatly restricted buying capacity of agriculturai communities and the consequent drying up of the market for farm machinery.
High-1932. 88.78
Low: Apr. 7 41.22 58.78
Apr. 8
Change
09.30
,62 ap
41.30
13.23 24.52
25.00
.48 up
38.11
16.53 10.49
10.83
.34 op
83.26
.09 down
€5.78 73.62 ..73.60
Asia Lands, Limited, has received the following report from their New York correspondents, E. A, Pierce & Co. The market looked encourag- ing during the last hour, leading to the conclusion that the trading position on the long side will be maintained. Wheat opened easier but rallied later and sentiment was bullish.Cotton prices moved within a narrow range. The tone of the market was steady, with increasing interest displayed. Silver prices ruled lower on commission house liquidation. Market closed steady. Business Done: 440,000 shares.
LAST SALE
1932
Div. $
HIGH
LowPzR. SIL ̈
Apr. 7. Apr. 8
30%
8.00 Air Beduction
#57 $57
607
42-
6.00, Allied Chemical & Dye
601
737
YDA
4.00 American Can
58)
581
American Smelting..
171
17
70
9.00 American Tel. & Tel......
1.
801
445.00 American Tobacco "
1993
Anaconda Copper Mining
-1574
43
20
041 While the enlarged price guarantee plan lately offer- ed by this company, and subse- SUNDAYS & HOLIDAY quently by Deere and Case, may exert a mild stimulus to sales, fundamental improvement in the trade, including both collections and sales volumes, must await a sustained rise in prices for major farm products.
FROM SUKUNGWAY BRANCH P.,o,
(7,25 km, 2] | 7,00 min. à
5,00p.m.
17.00 pm 4.00 pm
9:00
(835 am, &i (8 90 p.m. i
1.18 Sanday 8.15
WEEE DAYS,
.FOR
FROM 0.P.O.
FROM SEKUNGWAN BRANCH P,0.
FROM G.R.O.
6.00p.m.
4,00 p.m.
{7.00 pm. 4.00 p.m.
ƒ/7.16 a.m. &} ƒ 7,80 1.33. ****1.15 p.m.
11,80 p.m
5.00 p.m.
6.00 p.m.
Famehul, and Wuchow. (By'
direct steamer)
Misono & Tinian
Xngasson (except Saturdays) Kankong (srompt Saturdays) Fatahan and Wuchow (By)
Tekin)
NO
*
TH
7.15
1.00p.m. $9,00a.m. &
8:00 pm 19,00 m, &
8.00p
110pm, &
Putti
16,00
8.00
11.80 pati
Aberdeen Bianley
8.30 201
I
200 p
4.80 F
6.00 p.m
only
6.00pm
735 mm.
11.00 .. $.00
11.00a.m.
بة 1100
1.30 pm. Sundays 8.30 .. Lonly
6,00 P 6,00 pm.
United Fruit Co.:-For the cur- rent quarter there is little change to date as compared with a year ago. Profits are possibly a shade ahead, but lower fruit prices at home and abroad make predictions valueless, While the company made only 24 cents a share on the old basis in the first quarter of last year, it has the advantage this year of lower depreciation, which would average 37 cents a share if spread equally over each. quarter.
Union Pacific Railroad :-The 1832 income statement gives" svid- ence of the Company's inherently strong earning power. Highly of fective operating economies, 2 and the payment of a 30 per onỆU MER dend by Pacifier: Fruit ExpTC58,> 6 | subsidiary,limited the: decline in net operating Income. Net Income was only 20.8 per cent under the 1031tainment Bbaren results were 920-72 on the preferred and 37:49 on the common, as against 1896.18 and 0.03; respectively, in
1031.
· 281' ̄| 2,00. ́Auburn
18 1.60 Borden Company
Canadian Pacific
J. I. Cast.....
B1.00 Chrysler Motors......
314.00 Consolidated Gas of N.X.
128
021
CARGO AND PASSENGERS ACCEPTED FOR SHANGHAI, SAN FRANCISCO, VANCOUVER,
SEATTLE, PORTLAND, ETC. THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.
Excellent Passenger Accommodation ^
(1st class only)
For Freight and Faage, etc. please Apply to:
THE BAST ASIATIC CO., LTD.
Agents a
OHN MANNERS & CO.LTD
G8120.
THE CHINESE AMERICAN ∙SHIPPING COMPANY
Agent: HONG SLING
JOfice: MERCANTILE BANK BUILDING (TOP FLOOR), 7, QUEEN'S RD., URNTRAL,
TELEPHONE :'224071.
Bong Kong Weekly Press
Up Country Letters Local Company Meetings Shameen Retepayers
and
Other Interesting Features
THE PAPER WITH THE YELLOW
COVER
International Tel.
4.00 Liggett & Myers B
1.00 Loewind."
Montgomery Ward
90 2.80 National Biscuit
9.00 Pacific Gas & Electrio.....
0.50 Pennsylvania Railway
Audio Corpr
Bears Roebuck ....................
1.00 Standard Oil Co. of New
Jersey
0.40 Socody Vacuum Corpn. 1.20 Union Carbide & Carbon 6.00 Union Facião
United States Blee! Westinghouse E. & M.
Price: 30 Cents.
Annual Subscription: Hong Kong, 813; Post Free to any address, 818; Quarterly Subscription, $4,50. Orders should be sent to the
HONG KONG DAILY PRESS, LTD.,
TELEPHONE: 80251.
BANK NOTES IN CIRCULATION
FIGURES FOR MARCH
The returns of the average amount of bank notes in circulation and of specie in reserve in Hong Kong, during the month ended March 31, 183, as certified by the Managers of the respective banks are :**
BANKS.
Average Specie Amount in Reserve
Bank 14,096,000 : 18,800,000 H.K. & 8.
Bank 143,067,143 123,000,000+ Mercantile
Chartered
Total
Bre. deposite
Agente valued In addition Beog
with the Cro Straite Government
11, Ion Hoven STRUPT.
AMERICAN- ORIENTAL FINA
CORPORATION through its Agent Asia Lands Limited
Gloucester Building
Coffers m COMPLETE BROKERAGE SERVICE
NEW YOR
Securities deposit
(own Agents: valo
401
57
23
3.00 Drugs, Inc.
...
92
2.00 Da Pout de Nemours
35%
35
3.00 Eastman Kodak
494.
48
6% & Electric Bond & Share thei
0.40 General Electric
13
401
19
2.00 General Foods
ALTONA,
71.00 General Motors
121
น
101
100 Gillette Safety
10
0.80 International Ha
bid
ATUA 585378 MU626989***-266-963266 28384
16
40%