DAILY SHARE QUOTATIONS
-HONG KONG STOCK
EXCHANGE:
SHAREBROKER
ASSOCIATION.
Bayreu bailers
Bates Nomai
THURSDAY, MAY 11.
Вкуяси
Belfare Bales
Momina
Banks
$1,795 H.K. Banka
2402006+0
A
£123
Do. (London)
104
213 £84
Mercantile Bks. "A"
$97
20
Chartered Banka ....
Do.
Bank of East Asia...
N, O. & S. Bark
Am. O. Fin. Corp: 8.)
$6.40 Ch. Fin. Corp. Ord. s.)
Do. Prof. S
Tautzan.com
Underwritera
Union InsuranÓÓR .......
China Fires
H.K. Fires.
$5.95 International Assce. 9.
Shipping
Douglases....
3500
$1,400
Canton InsuTAN CON.....
$9.35
$880
1250
E
th
$92
$99
Steamboats...................
Fre
Indos (pref.).
FRO
Do. (def.)..................
47/8
Shella
$16
Waterboata
Mising
$241
Benguets
$130
53.90 $1.40
!!!!!!!
1
#530
$251
$420 Venezuela Gold Fida #31
!!!!!!
1,715
£13
HI
***
HONG KONG DAILY PRESS, FRIDAY, MAY 12, 1933
MONEY AND MARKETS
HONG KONG STOCK [TWO, BRITISH COMPANIES
MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
The upward movement in the investment section continues to $1,39% make headway, with the following
issues being favoured, namely, In surances, Wharves Lands, Star Ferries, Telophones and Dairy Farms.
$630 $950
***
534
$29
65/-
B01.
$904
Of the smaller issues, Cements maintained their position as the feature of the market throughout the day, and closed at 88.35 cash buyers
In the mining section. Benguet Consolidated made a further spurt, and were bid up to $25)...
Sales,
Benguet Explorations, 33 cents. "Hong Kong Lands, 875.
Hong Kong Trams, 822. Watsons, 803. Lane, Crawford's, $4.40/4.85.
Buyers.
Khilans
2011
Langkats (single) B.
$21
Explorations.......
HI
Shanghai Loans 8.
1.RA $3.85
$9.30
Ranba
191
Tronoh Mines
13/04
j35 cts.
Benguet Explorations
Docks, WhaITE,
Godówna, ste.
H.K. & K. Wharvos. 120
34
Do..
(new)
H.K: W. Docks
490
Bank of East Asin, $97. Canton Insurances, $1,400.. Union Insurances, $330. H.K. Fire Insurances, $250, Benguet Consolidateds, 825. Wharves, 8130.
H
38
38
7.134
7.6
37.10 $75
376
$10
$8
3183
Shanghai Docke 8.
38
New Engineerings.
$320
Gandi, Motels, und
H.K. Hotels
$380
Shanghai Landı.......8.
$14
$7.40
$14
$140
$45
!!!!
$91
$20+
Providents (Old), $3.05. Providents (New), 81.40.
·Hotels, $7.10.
Hong Kong Lands, $75. Chinese Estates, 306.
Star Ferries, $91.
Yaumati Ferries, $20). China Lights (Old), 812.03. Electrics, 879). Telephones. 828.
Cements (Combined), $8.35. Cements (Old), 884.
Cements (New). 814.
**
$13.9J
Dairy Farms, $274.
Watsons, 29.40.
122
Providents (old) ***}
S. China Motors ́ Ã'
Do.
Hongkowe...8.
Buildings
87.5 $7.10
HK Land.....8. $76 $76
Metropolitan Lands..
HK, Kealties.........................
51475| Chiza Do B
$137
Do. DebenturesS. Humphreys
Asia Realties "A" S.
Do, "B"8.
Chinese Estates.............
Cotton Milia
$120 Ewos
395 S'bai Cottons................. $14
Zoong Sings ***
$85 Wing On Textiles(8.)
bor
Public Utilities
Tramway: ..................... $120 Poak Trains (old)... Do. (now)... Star Ferries ***** Yaumali Ferrica (old)
Do. (now mam. rights.
China Lights (old).....)
Do.
H.K. Electrica ....... Macao do.
$104 | Sandakan Lights .....|
!!
$8
$12.00
3111
$72}
$23
$28
(new)---
!!!!
!!!
$14.10
#95
$10
$100
***
$23
$14
$8
Jec
$30
$19.05 3111 272
Telephones.......
$20 $28 40
814
China Buses...S.
1-
Tractions
71-
Do. (prof.)......
Industrials
815
Malabon SugarS...
420
Caldbeck, Nord.) 8.
$18
Macgregors prof.)8.
$6.
Canton Icee De
160
$1.30
19
Cements (comb.)... $51
Do (old)... (new)...
Do.
Ropes Ch Agricultures...
Miscellaneous
Dairy Farma
127
11
Der A Wings.....................
$12)
Amusemente
312
Ch. E'tainments......
***
$2.80
K
$440/135
Constructions, (old)| 12.65
Do.
(DOW)
Lane Crawfords......
Mackintosha
Nanyang Tobacco...
$16 Binceres. ..............................ú
$27
36
18:45
$14
TPI
Constructions (Old), 82.50.
H.K. Govt. Inaus, 4
Belleza.
Humphreys, 8131.
Prem.
China Lights (New), $114.
Cements (Combined), $84.
Lane, Crawford's, 84). Wm. Powells, $9.10.
JAPANESE RAYON EXPORTS
BIG INCREASE IN MARCH FIGURES
Tokyo-Reyon cloth exports for March totalled Y5,833,581, an in- treuse of Y1,498,983 over February, according to the Rayon Producers' Association.
Classified, shipments to India mounted by Y524,000 to Y2,085,000, followed by the Dutch Indies which at Y590,000, indicate an increase of nearly Y145,000. Kwantung pro vince (leased territory) increased about Y42,600 and Central America
¥30,000. Egypt mounted by Y88,000 to Y338,000 while South Africa jumped by Y136,000 to Y223,000
Details are as follows: China
France
$12)
Kwantung province
$12
Manchukuo
.80ota .70 dia.
Hong Kong
Siani
Straits Settlements
Y 262 109,020 38.331 20,251 41,52€ 261,242
India
2,058,406
$154
Philippine Islands
$9.40
301
Watsons
Dutch Indies
32.10
Wm, Powells......
$3
Aden
$10
M. Greyhounds.
4 sin (others)
89)
d. O. Enterprises
$21
Britain
$2,189 890,329 14,009 74,300 24,747
United Thestres...8.
Germany,
58,973 21,421
H.K. Goyt Loans... $104.
Europe (others)
29,481
Wallace Harper ...........
Canada
5,360
Chins Sports Ltd...
U.S.A.
#208
$152
Central America
,900 98,240
South America)
337,668
Egynt
337,808
South Africa
923,971
East Africa
$2,870
Africa (others)
382,021
Australia
441,407
New Zealand
2,760 .730 330,393
· prem.
6A1”, B. Ind. G. Bonds... 994.
$200
B.K Wing Op
Do
Asia Lands Limited
Gloucester Building. Tel. 28380)
We offer you a complete brokerage
service for the purchase or sale of
New York Securities Daily quotations sent-gratis-upon request. See our investment news on the Financial Page of
The Hongkong Daily Press.
Canton Agents
John H. Ferguson & Co.
82, B. C. Shameen.
Tel 18624.
Hawaii
Others
Total
Y 5,853,681 Jan to Mar. 1633....Y14,718,738
do. 1932
....................... 9,600,264'. Altogether 388,425 kin of yarn valued at Y11,873, was exported during March, according to the Pro ducers' Association. Compared with the previous month, this shows an increase of 201 131 kín in quantity and 1224,489 in value.
Classified, Y109,252 shipped to China, 1991,780 to Kwantung pro vince. 70,915 to Indis, Y42,017 to Germany and 750,875 to Australia. The aggregate for the first quarter of the year is 754,801 kin, valued at Y1.015.878, as against. 1,964,880 kín and 71,290,951 year ago,
* Yarn: Importa totalled 109,500 kin, Y100,000 in value, an increase of 40,523-kin and 168,974 over Feb- runry Of this total, 149.575 wat imported from Italy. 715,609 from Switzerland and 190,423 - from Holland. The aggregate for the first quarter of the year is 310,834 kin, valued at 501,023, against 20,070 kin and 190,935 a year ago.
ALFRED DUNHILL, LTD.
Preference Share Divi- dend Maintained
A YEAR OF HARD WORK
(Special Air-Mail Service)
LONDON, April 9. The Tonth Ordinary General Meeting of Alfred Dunhill, Ltd., was held on April 10 at 137, High Street, Notting Hill Gate, W.
Mr. Alfred H. Dunhill (the chair man) said that the result of the operations of the year under review was that the £10,000 required for payment of the dividend on the Preference shares had been earned And, after provision for income-tax and all other expenditure, there was a sum sufficient to increase the earry-forward by £2,714, making a total of £85,814.
T
HADFIELDS, LTD,
Government and Naval Requirements
SIR ROBERT HADFIELD'S
REVIEW
(Special Alr-Mail Service)
LONDON, April 23. The 45th annual general meeting of Hadfields, Ltd. was held at the Royal, Victoria Hotel, Sheffield. Sir, Robert Hadfield, Bt., M.Inst.C.E., F.R.S. (the chairman), presided.
The chairman, in moving the adoption of the report and ac counts, said the year under review, unfortunately, not only showed no improvement in the iron and steel industry, but proved to be one of the most difficult and disappointing in the history of the company. There was a further slackening in the demand for the company's pro- ducts both at home, and abroad, and The quoted investments were now
the consequent intense competition shown on the balance-sheet at cast or at the market value at Davem reduced selling prices to a level where they were generally un- ber last, whichever was the lower. remunerative. Under such. con- Adequate depreciation" had been ditions the results shown had only allowed for on the total of free-been reached by constant vigilance holds, leaseholds, plant, fixtures over all items of manufacturing and what the director's considered | cost and general expense. Exton- an ample allowance had been made sive reorganisations had been made for possible bad debts. The stock both in the works and in mechanis- in-trade had been valued either at ing the methods of costing, accoun- cost or what was considered by the tancy and control, and the com- managing director to be the then position to take advantage of any pany was in "very favourable market value, whichever was the
improvement in the industrial lower. It had been, satisfactorily
position. reduced to accord more nearly with
The requirements of the British the present turnover.
Government for the past year show. Although the figures showed, aned serious curtailment, whether as improvement on those of the pre-regarded the Army or the Navy.. vious year, the directors did not Notwithstanding the bevere presume to suggest that they show ditions under which Government ed a satisfactory year's trading. Fork had to be supplied, the re- The year 1932 could best be describjections for failure to pass proof ed as one of extremely hard work or other most rigid tests or for for all concerned. The most satis-had been practically hil
inferior or second-rate materials factory aspect of the year had been the maintenance of the turnover in their retail shope; during the last six months there had been an actual increase.
The Retail Shops,
I
eon-
The Firm and the Navy. He would like to deal with a speech recently delivered by the new and most able First Sea Lord, Admiral Bir Ernie Chatfield, The development of their fac}K.C.A., K.C.M.G., at the bouquet tories, particularly in that section | of the Institution of Naval which produced small leather Architects. The country was indeed articles, such as tobacco pouches, fortunate in having so able a chief at the head of our Senior. Service, cigarette and cigar cases, and packet wallets, had been of advan- which formed the backbone of our tage to the company. It was their Admiral Chatfield, in his speech, Empire defences-the British Navy. aim that their retail shops should pointed out that the unfortunate show, in addition to the finest decrease of expenditure last year pipes, tobacco, cigarettes, and upon their first line of defence had cigars, that varied range of small been no less than £10,000,000. Ha articles of vertie, always modern was able to report an apparent in- and distinctive, which had long crease this year of £3,000,000, which been associated with the name of was to be largely spent, not on The directors had given bolstering up out-of-dute equip- careful consideration to the subments, but on
new constructions, stantial surplus carried forward and of that expenditure no less than. and to the liquid nature of the 56 per cent. went on wages. company's assets, but, owing to the uncertainty which prevailed in all those markets for which the co- pany catered, they thought it was in the best interests of the share holders not to recommend any dividend on the Ordinary shares at present.
Dunhill,
Admiral Chatfield further point- ad ont that our battleship fleet must be replenished by battleships, even though their toanage might be reduced. He (the chairman) would give Admiral Chatfeld's actual words. They were: "It was essen- tial that the battleship should not be driven off its post by the next He had mentioned carlier that the strongest weapon, such D tho cruiser. If. that were to happen. year under review had been one of hard work for all concerned, and day, in the English Channel, what on his own behalf and on that of the British Empire? The great would become of this country and the board he would like to register naval strength of this country was their deep appreciation of the loyal not only the active strength of the and efficient assistance which they Fleet, but also it latent strength. had received from their managers It was on the Battle Fleet that the and every member of their staff. strength of the country really de-
The Chairman concluded, by mov-pended, not only in war, but in the
report and
ing the adoption of the accounts.
Mr. Vernon Dunhill seconded the resolution and it was carried in animously.
LONDON STOCK EXCHANGE
[BRITISH WIREZ 386 SERVICE)
RUGBY, May 10.
1854 (1)
3.234 4.48
Paria New York. Montreal Brussels Geneva Amsterdam
24,22
Milan... Berlin Stockholm Copenhagen Onlo Vienna *Prague
-177.45 8.00 64.
14.37
19.23
Helsingfors' Madrid Lisbon Athens
92.45
19.60 312 пот. 113
307/16 110
587)
Bucharest
Belgrade
875 950
Rio
Buenos Aire
4. nom.
42 O.R.
(Continued at food of next, col.),
counsels of peace."
Latest Strength.";
He-(the chairman) could not belp feeling that in the category of latent strength Admiral Chat field included those technical and industrial resources which they in Sheffield bad contributed to the standard of efficiency attained by our Fleet, and in bus'specially in which the firm of Hadfields was largely interested in supplying to. our Army and Navy—namely, armour-piercing projectiles. They had recently invented, patented and produced a projectile, which entire- ly mot the severe conditions de manded in these days, including perforation at long-range fire and at impacts of extreme obliquity, and these had inet the latest and most severe tests ever demanded by the Government.
Montevides Bombay
34 nola.
Weekly Sailings Transpacific
13
To San Francisco, Los
Angeles & New York
To Seattle and
Victoria
via Panama
Fortnightly anllings on Wednesdays, Fortnightly sailings on Saturdaye
Pros, Hoover. May 24
Pree. Taft.........................
May 20
Pres. Wilson
June 7
Pras. Jefferson
June 3
Pres. Coolidge
June 21
Pres. Cleveland
Tely s
Pres: Taft...
N
...June 94 July 8 Pres. Jefferson...ly 22
Pres, Jackson
ROUND TRIP FARES TO EUROPE & AMERICA, Special through rates to" Europe via United States. Direct connections" with all Atlanho· lines, Choice of rail lines across United Stato and Canada, liberal stop-over privileges for Sight-seeing. Full particulars upon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Baturdays via Manila, Straits, Colombo, Bombay, Busz Conal, Alexandria, Naples, Genoa, Marseilles, New York and Boston.
Pres. Garfold.... Pres. Polk..
8 s.m.
May 13
Pree, Adams
Hay A
Pree. Harrison
TO
Next Salling.. Prsa, Taft
Pres. Roaver......... Pree, Folk Pris. Jefferson....
Juze 10 June 24
MANILA
.... Pres. Garfield May 13, 8 a.m.
May 13
Pies, Wilson
May 18
Pres. Aders
May 97
Pres, Coolidge
...May 27
Proa. Cleveland......
May 30
June 10
Jane 13
June 17
Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING-HONGKONG, .“ CANTON BRANCH:-4, SBAKER ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)' Tel. 28380 Gloucester Building, Room 306.
(KKUTER'S AMERICAN SERVICH.]'.
Now York: May 10.
Dow Jones Averages:
30 Industrials
20 Rails
20 Utilities
40 Bonds
High-1932
Low: May.
41.22 77.23
88.78
41.30
13.23 34.24
30.11
10.53, 26.75
63,26
May. 10 Change 80.78 3.35 up
30.03 1.79 up- 27.02. 1.27 up 68.78 78.80 79.60 74 up
Asia Landa, Limited, has received the following report from their New York correspondents, E A. Pierce & Co. The market demonstrated. what has been indicated during the past three days, namely the absence of active liquidation. We think that new high levels should be regi stered definitely by Industrial shares, with a better than even chance. of positive confirmation as regards rails. Cotton: Strong, on the Senate passing the Farm Relief Bill and also on a belief in the betterment of general business here. Silver: Europe sold but the market appeared to. be able to take silver in an orderly manner, except at the close wisen near-by months eased off. Business Done: 3,820,000 shares.
1032
Dry, 8 Low PER SH
•
2.00 Air Reduction
pace
1.60 Borden. Company m
Canadian Pacific
J.. I. Cast
1.00 Chrysler Motors"....
234.00 Copaolidated Gas of N.T...
8.00 Drugs, Inc.
2.00 Du Pont de Nemours
3.00 Eastman Kodak .......
LAST SALE
HIGH
May. 9 May, 10
30%
$68
$78
841
0.00 Allied Chemical & Dye
80
941
400 American Can
78
82
20
American Smelting.
મ 28
137
9.00 American Tel, & Tel.
2009
103)
10
5.00 American Tobacco "B" Anaconda Copper Mining
901
11
137
1012
281
2.00 AuburA
444
43)
.311
33
*124*
20%
13 57603
91
171 19
57
451
47)
59%
71
0%. Electric Bond & SharO ................
17
19
0.40 General Electric
19A
.201
2.00 General Foods
21
: 381
248
1.00 General Motors
221
23
247
1. Gillette Safety..
-13
13
0.60 International Harvester...
34
321
34+
108
7.00
(Preferred)
100 bid 100 bid.
164
:
11 12
70%
BIL
871
18
*: 211
292
48
491
23
231
345
IFIERETHETA5T5T69X9***AALGIEL MENE 28135
43
----- CABELOSE CAUGA,
International Tel, & Tel. 4.00 Liggett & Myers "B".. 1.00 Loew's Inc. an
Montgomery Ward
2.80 National Biscuit
* 9.00 Pacific Gés & Electric u...
0.50 Pennsylvania Railway:
Radio Corpa... ...******
Sears Roebuck
11:00 Standard Ol Co. of New
*Jersey
0.40 Bosony-Tavinum Corpa,
1.20 Union Carbide & Carbon ... 6.00 Union "Pacifo
United States Steel Westinghouse E. & K
SOVIET SILVER-MINE'S PLIGHT
ONCE A BRITISH CONCERN
-(Special Air-Mail Service):
901
46.
342 37
affecting its output. The Far East: ern State Trade fleet has been sys tematically backward in delivering coal, while the unloading in Vladi vostock is terribly bad. A thousand tons took more than a month, to discharge
The sura of 6,000,000 roubles, ir seeded inainly, it is stated, for building purposes because the por cession when inherited from the British "fire" wɗs fall to pieces.?? They had death with the mine like vultures. the ofikist paper alleges, investing the minimum in housing and cultural needs, and neglecting geological research. They had no drilling machinery after 1027; they built lead melting works only. under pressure with unpardonable
Moscow, April 24 The former British silver mining concession "Tetake," the contract for which was cancelled in 1981, 1/6 5/64now known as. Sekai Bhite Com 1/3 binat." It needs, sccording to the 1/4.7/16 official organ of the Commissariat 1/2 11/16 of Heavy Industry, 0,000,000 roubles South African 2007-100 per (nominally £800,000) at once, in
£100 Sterling.
addition to a steamship and stocks delay of fuel.
Shanghai
Hong Kong
Yokohama
Silver (Spot): 18 15/16 Silver (Forward).
War Loan 31
** The Combinat's fuel problem bas become worse since the end of 1899
The journal claims that the mines^ output is now, on the whole, antis.