KING'S THEATRE COMMENCING SUNDAY, 16th APRIL
Hello Beautiful!
"Ever since we met I've had a pain in my heart."
"Oh, yeah? It's probably indiges- tion.'
Me and My Gal
Spencer TRACY Joan BENNETT
Marion Burns - George Walsh Directed by soul Walch
Fox Pictvira
KARDEX Visible Record Cabinets Protect Your Valuable Records. Eliminate Waste and Loss. Most Visible and Efficient Signal Control. Built for Accessibility and Durability..
Entries сап be made on both sides of a card without remov- ing from cabinet. Is casential for statistics, payments, and a variety of rocords, including Customers, Colts, Par chases, Salos, Wages, Stocks, Credit Collec- tiona, Investments, Sales Promotion, etc.,. Btc. The most moder- ately priced visible rocord system on the market. Let us show you how you can in- crease your turnover, And.
Make more profit with KARDEX Cabinet.
THE OFFICE APPLIANCE
LIMITED.
CO.
INCORPORATED UNDER THE HONGKONG ORDINANCES, Specialists in Office Equipment. Powell's Building, 128, Des Voeux Road, C. Phone: 28607.
HONG KONG DAILY PRESS, FRIDAY, APRIL 14, 1933:
MONEY AND
MARKETS
FINANCIAL NOTES FROM LONDON
Cunard's Big Loss: Nestles Milk go Warily: Efficiency before Economy: Godfrey Phillips, Ltd.: The Ever- Ready Trust
(Special Air-Mall Service)
HONG KONG STOCK MARKET
WEEKLY REPORT
As the present Weekly Summary, owing to the holidays, covers only about half of the week, there is not much to be reported as to market inovements. D
has
помаци
MANA A
13
BOLANGELES
HAWAMA CESTOBAL BALIOA
ERE
Weekly Sailings Transpacific
REDUCED
ROUND TRIP FARES
Business Doue During the Week On Sale from JUNE 1st
Hong Kong Banks $1,750. Union Insurances 8602), $500. stenboats 89,
The undertone, however, been quite firm, specially at the CUNARD £900,000 DOWN' presiding at the annual meeting close, there being a consistent de- London, March The directors yesterday, the board of Edward mand for practically the entire in- of the Cituard Steam Ship Cont-Lloyd Ltd have rigorously avoid-vestment section, and also for somo pany's trading operations in 1932ed this temptation. As the chair of the tower-prived issues. resulted in a net loss of £927,901, man claimed, the achievement of which compares with a net loss of an increase in profits of £28,550, 2553,201 for 1931. The report in as difficult a period as 1832, is states that the decline in trae tribute to the efficiency with which across the Atlantic was confined the wills were conducted.
It remains the fixed policy of the west-bound
Eust- bound traffic showed a slight in board of this company to maintain There was also a decline the mills at the highest standard in first-class and cabin travel in of efficiency with the most modern both directions, but larger num- equipment.. Such policy, of course, level in expenditure bers were carried in the tourist involves a
which less bold directorship might and third classce.
seek to curtail at such times as these, but it serves to maintain the company's
tio
Crease.
passages.
The dimctors also report that the structure and machinery of the
reputation for the ancompleted liner on the Clyde, s.s. 834, are in perfect condition quality of its production, and and that negotiations are in pro- holds the confidence of the cus- gress which may lead to a resumptomers. At any rate, the proof of the pudding is in the eating, and tion of work upon it
the 133 profit increase, albeit from a low 1931 figure, sufficiently vindicates the policy pursued.
It is also reported that the partnership agreement with the White Star Line covering the joint
GODFREY PHILLIPS, LTD. operation and ownership of the
The recent increase in the divi- Berengaria and the Majestic has been dissolved. The Cunard Comdend of Godfrey Phillips, Ltd, the pany now owns the whole of the tobacco manufacturers, from 5 per Berengaria and has no financial cent. for 1831 to 8 per cent. for interest in the Majestic.
NESTLE MILK Although net profits of the Nestlé and Anglo-Swiss Condensed Milk were only Frs. 1,100,230 below those of 1001 at
Co.
Fre.
for 1932
21,137,134,
the
Ordinary In
Benguet Consolidated, $10, $20, Wharves 81312, $131. Providents (Old) $4. Hotels 87.06, 87.
Lands 8721, 8791, 873. Trimways 321, 8211.
Yaumati Ferries (New), $315.7. China Lights (Old) 812.. $12. Electrics $72.
Telephones #27.30, 927,20, $271. 827.30,
Ropes 89. Dairy Farms $27.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.,
REPORT
Mess. Roza Bros., have for. warded us the following exchange market report for yesterday:--
1039, is shown by the secounts to have been made in the face of a substantial decline in profits and at the expense of the net reserve appropriations. The profit and loss account is presented in greater de- Silver prices dropped yesterday tail than hitherto, but the surplus, to the extent of 8/10 for Ready after providing for interest and and Forward, the quotations being dividend is being reduced from taxes, is returned at £08,124. The 17 and 16.11/18 respectively. The figure for the previous year on a rise was attributed to China hav Frs. 32 to Frs. 29 per share,
em toing sold. American speculators view of prevailing conditions, comparable basis would is considered prudent to increase
bought at 1/16 over the quoted the allocation to statutory reserve
rates. The tone at the close was from Frs. 1,100,000 to Frs. 1,500,000,
steady. In America the rate was and the forward balance is raised
quoted at 97 for Spot. The tone was' steady. from Frs. 4,477,224 to Frs. 5,300,451. A fist allocation of Frs. 200,000 is also made to a special relief fund to be used more especially for the
benefit
The transfer to pension and provident funds is unchanged at Frs 1,500,000.
workmen. of the
PAPER MILL EFFICIENCY
succumb
in
in
18.
The New York-London cross-rate was lower at 3.40%.
With the exception of the Yen rate which was put down 1/2 to 103, other rates were unchanged,
Market.
Dull, the tone was steady.
Sterling,
A small business was dono dur-
have been £107,774, a reduction of 39,650. The cost of the extra 1 per cent, dividend is £7,750. These figures total £47,400. Allowing for changes in the profit balance carried forward the net reserve appropriation this year is £21,104, against £73,044 last year, a reduc- ion of £48,480. The discrepancy between the figure for the fell in profits and extra dividend cost and the figure representing the change reserve appropriations Accounted for by a small increase A temptation to which many in preference dividend require- nents. This dividend programme industrial concerna periods of difficult trading is that of the directors may have been indiscriminate pursuit of influenced by the fact that the economy, resulting in the impair losses on trading incidental to the
As building up of the Australian com- ment of general efficiency. was emphasised by Lord Camrose,pany's business have now been in vested and that from July 1 laat, the beginning of its, financial year, satisfactory profits have been earn- ed, also by the further fact that
Business was done at 22 for the recent adoption of improved recond half May. There were sell. mechanism has considerably cheapers at 22,9/16 cash, 22 May and ened the parent company's cost of 921 June, buyers probably at 1/10 manufacture. Last year the com- pany had to bear the burden of the increased duty imposed in Septera: ber, 1931, and the higher cost of materials resulting from the de-. parture of Great Britain from the gold standard.
of an
THE HEART
OF A BUILDING
IS THE..
SANITARY, CENTRAL HEATING
AND
DOMESTIC HOT WATER
INSTALLATION
THOSE DESIGNED & INSTALLED
BY
DODWELL & CO.,
Gloucester Building Jockey Club Grand Standı Victoria Hospital
Hong Kong Golf-Club
Matilda Hospital
St. Stephen's College
Repulse Bay Hotel
Include
Seamen's Institute Hong Kong Cảnh German Club Cricket Club · Algburth Hall
S.C.M.P. Building Katherine Building
Your Job is as important as any of the above.
LTD.
Mountain Lodge
War Memorial Nursing Home Alice Memorial Hospital Diocesan Boys' School Jockey Club Stables Tung Wah Hospital Oriental Hotel
See that it is not ruined by a small saving in initial cost.
"Cheap" Jobs cause endless trouble and expense to owners and tenants.
· REMEMBER THE THREE REASONS WHY WE SECURED THE ABOVE JOBS.
1. Systems designed by Experts, with many years local experience.
Work executed by our own staff, under European Supervision.
3. All systems designed to reduce maintenance charges.
1332 1931. 1930,
Balance profit 88,124 137,774 Brought in 64,072 17,111 Available 182,896 154,888 Prefce, divi-
dend
ing the course of the morning at 1/3,29/30 for May followed later by some transactions at the same. rute for near delivery. The market closed at lunch time with sellers al 1/3 April, 1/3.29/32 May and 1/3.15/16 second half May, buyers at 1/3.15/16 April-May, 1/3,al/39 second half May and 1/4 June.
higher.
Gold Dollars.
Yon,
Merchants were quoted at 105 for near delivery..
Shanghai Dollars, There were sellers at 109 for cash.
Shanghai.
£ Quiet the tone was steady. Busi- 135,358ness was reported at 1/2 for May, 34,633 There were sellers at 1/9.7/16 April 160,001 and 1/24 May, buyers probably at
1/16 higher..
27,430 23,390 25,380
7%
IN THE AFTERNOON'' The market continued steady in 46,300 38,750 - 77,500 the afternoon.
Ordinary
dividend Do. per cent. 0 To reserve Carried for-
ward
5
10
73,000 8,183 30,000
30,786 84,672 17,113
After writing off loss made by subsidiary company of £29,088. EVER READY TRUST.
CAPITAL
The Ever-Ready Trust is propos
Sterling.
Business was reported at 1/3.31/32 for June and 1/4 July, finishing with sellers at 1/3.28/22 April-May and 1/3.31/92 June, buyers at 173.15/16 April and probably May and 1/4 June.
April.
· Gold Dollars,
to
JULY 31st
With Return Limit to
September 30th
Hong Kong to
First Class Special Class
Honolulu and Return Victoris and Return Vancouver and Return Seattle and Return
***
G$ 960
G$ 198
G8 432
68 240
€8.492
G$ 240
08492
08-240
G8450
G8 240
G$ 250
G$ 246
San Francisco and Return ̧. Los Angeles and Return
Apply for further particulars.
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING - HONGKONG. CANTON BRANCH-4, SHAKEN STREET,
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE
M.S.
"JUTLANDIA”. Sailing on 24th APR.
CARGO AND PASSENGELS ACCEPTED FOR SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC.
THROUGH BILLS OF LADING ISSUED TO
· OVERLAND POINTS. Excellent Passenger Accommodation Passenger fare Hongkong/San Francisco
་
08120.
(1st class only) de palab For Freight and Passage, eta.pleaas, Apply to :
THE CHINESE AMERICAN LTD.
SHIPPING COMPANY
THE EAST ASIATIC CO,
Agents: JOHN MANNERS & CO. LTD.
Agent: HONG SLING
Office: MERCANTILE BANK BUILDING (TCF 21008); 7; QUEEN'S RD, CESTRAL, TELEPHONE: 24071.
NEW YORK STOCK EXCHANGE. ASIA LANDS, LTD., QUOTATIONS :
(INCORPORATED IN HONG KONG.)
Tel. 28286 Gloucester Building, Room 300.
(REUTER'S AMERICAN SERVICE)
New York: April 12.
+
Dow Jones Averages: High-1989: Low: Apr. 11 Apr. 12 Change
30 Industrials 20 Raile
20 Utilities 40 Bonds
88.78
41.30 36.71) 83.26
41.22.61.16. 62.26 .89 down 1813.23, 2017 (. 25.803 down
··16.589112 1+ 2018. Väl down 65.78 74.36. 74.87,09 down Asia Lands, Limited, has received the following report from their Now York correspondents, E. A. Pierce & Co. We think that the market. today looked weaker than it really was. Barring unexpected news we would anticipate an advance before the close tomorrow. In the wheat market, heavy profit-taking in the immediate fature depends on developments at Washington Cotton, Profi-taking and Liverpool selling was absorbed by the domestic trade. Silver: The futures market reflected the decline in the "Spot? prices
Business Done: 750,000 shares.
Div. 8 HIGH Low PER Su.
43
1932
American Smolting,
FAST SALE
Apr. 11 Apr 12
64
30%
3.09 Air Reduction
9960 $561
ing to return to shareholders halfers at 224 cash, 22.11/16 May and of its capital. The trust recently 22.13/16 June, buyers at 1/16 higher, disposed of the greater part of its respectively,
Business was done at. 22.11/16 for cash. The market closed with sell-
BOT
421
6.00 Allied Chemical & Dye
87
13
293
4.00 American Can
-30%
27
5
137
701
9.00 American Tel. & Tel
181 933
801
5.00 American Tobacco
Shanghai,
10
Firm.-Sellers were indicated at
1614
281
Anaconda Copper Mining. 2.00 Auburn and perm
18
1.60 Borden Company
208
Canadian Pacific
10
d. L. Caste
652
-8
1.00 Chryster Motors
11.
68
31
4.00 Consolidated Gas of N.Y.
23
3.00 Drugs, Inc.
343
22
2.00 Da Pont de Nemours
301
as
3.00 Eastman Kodak ......
337
B
08. Electric Bond & Share
134
48
341.,
'B
0.40 General Electric
401
10%
2.00 General Foods
2311
24
78
1.00 General Motors
13/ 13
241
10%
1. Gillette Safety
13.
12
10%
・
241
B
108
68+
main investment-namely,, 400,000 out of a holding of 500,000 8 per cent. cumulative preference shares 1/2 for near, buyers at 1/20/16 of £1 each in Lissens, Ltd. The diree tors have come to the conclusion that the present uncertain financial conditions throughout the world do not justify the investment of the large proceeds of that sale on trust company lines. They have there- fore decided, to return $300,000 to shareholders, This sum represents 10s. per £1 ordinary share and 250 for £100 deferred shares.
AMERICAN ORIENTAL FINANCE CORPORATION. through its Agent. Asia Lands Limited
Gloucester Building offers = COMPLETE
BROKERAGE
SERVICE
in
NEW YORK STOCKS. Full and Odd Lots of listed Securities bought and sold for sash or carried on conservaüvő margin,
Apart from cash at the com- pany's bankers, the investments of the trust row consist principally of 120,000 Ever-Ready (Great Britain), Ltd., ordinary shares, 100,000 Lissen 6 per cent, tumula tive preference shares, £47,750, of 2} per cent. Consola, £30,800 of 3 per cent. Conversion stock, and £35,500 31 per cent. Conversion: stock. The directors suggest that" or a percentage basis to the reduced capital the future income of the company from these investments should show Improvement over pre- vious years. Last year the invest ment income was returned at. 130,476, giving, a percentage to the ing for expenses and tax of appro capital of £000,000 before provid- ximately 3 per cent, The actual ¡Onatinai ai foot of next Columns | rate of dividend was 51 per cent.
Phone 28380.
107
0.00 International Harvester 7.00€
بود
(Preferred), International Tel. & Tel.. 4.00 Liggett & Myers. "B" 1.00 Loew's Ipe.
Montgomery Ward
2.80 National Biscuit
9.00 Pacific Gag & Electric
0.50, Pennsylvania Railway,
Radio Corpn.
Sears-Roebuck wi
1.00 Standard Oil Co. of New
Worden
0.40 Bocony Vacuum Corpnial! son
16 1.20 Union Carbide & Carbon
0.00 Union Puelto
United States Steel Westinghouse F
སྐྱུ=8ཨྰཿཀྰ✺ཎྜམྦ ཿཀྑཝཙྪ་ྲཝཱ བྷཙཉྙཚུཙཱ
121111
14