DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
Buser Beitere Balon
SHAREBROKERS:
TASSOCIATION.
TUESDAY. MAY 16.
Baluwalh
Banke
$1,726 H.K. Banka .........
£121}}
Do. (London) ...
£13
Chartered Banks ....
E24
£9
***
5.00
s
Marcantilo Bks. "A"
Do.
Bank of East Asia...
N, O. & S. Banks
Am. O. Fin.Corp:
$5.40 Ch. Fin. Corp. Ord. 3.
Do.
Pref. 8
$1,460 Canton Insurances..
Underwriters
Union Insurances ...
$820 China Fires
H.K. Fires............
84.76 International Assce. S.
$33) Douglase
32.35
86271
$250.
$261
39.30
$3.90
37.10
$22
***
175
UNIRI!
$1,720
£13) 294
$98
HONG KONG DAILY PRESS, WEDNESDAY, MAY 17, 1933
MONEY
BRITISH TRADERS' INSURANCE CO., LTD.
· DIVIDEND 9S. PER SHARE
The Directors in their 'report for the year 1932 state that the Balance Sheet and Accounts this year have been prepared in a new form which necessitated A number of $1,400 changes in the manner in which Reserves and Unappropriated Pro- sts are shown.
630
画
$825
$250
shipping
$34
Steamboats
192
$ 0
Indos (pref.)
144
$26
520
Do. (det.)
444
Shells.......
46/-
$15
Waterboata
Mining
Bengtots
$251
THE
4 20
Venezuela Gold Fids
#31
中国中
£8/3
Kailans
811
Langkata (single) 8.
$12
Explorations.......
Shanghai Lesus
Raabsaadre Tronoh Mines ******
33 ots. Benguet Explorations
Docks, WhaITAS,
$130
$1.40
$10
38
Godowna, eta, H.K. & K. Wharves, Providente (old) ...
Da. (10)
H.K.&W. Docks
S. China Motors* A '
Do.
$199 Shanghai Decks S New Engineerings. Hongkow .................... Lands, Hotels, and Buildings
#320
H.K. Hotelaını H.K Land...
33 Shanghai Lands...8. Metropolitan Lands....
HE, Realties.........
Humphreys
Asia Realties "A" S.
Do.
Chinese Estates......
"B.
920
$10
30% 13/0
***
*34
+131 $4.00
$18 18...
$8
+
314
Chins Do...................
$137
Do. Debentures3.
3131
$140
20
$96
Cotton Mills
$13.76
Ewas
$13.05
*95
S'hai Cottons......$.
$14
Zoong Sings
***
885
Wing On Textiles(8.)
***
$11 68
|212/70)
$19.40)
$11.40 $721
$28
:
$1.50
$8
$91-
+
$01
$12.45
$11.400
$294
Pubilo Utilities
Tramways
ри
Peak Trams (old)
Do. (new)...
Star Furrice Yaumati Ferries (old)]
Do. (now, cum. rights...
China Lighta (old).....]
Do
**
(new)... 11
H.K. Electrica, ..............
do.
Telephones...
$7.20 37.20)
**
1,134 TE
Ugn:
$131
>76
$14 $100
**
$21.85
$16
18
$30
12.10/18
373
BEST
***
193
Macao
ગામ
Sandakan Lights ...
8:13
China Buses...... 8.
1.
Tractions
7}-
Do. (pref.)..
Industrials
$15
Malabon Sugarą
$15
320
Caldbeck, Yord.) 9.
$16
Macgregors (pref.)B.
$6
Canton Ices
$6
$8.10 36+ $1.40
8/2.10
8.30
(old)...
£3
ter
111
+4
19
+44
$271
#1
319
$12
90 ota.
4440
Do.
Ropes
COM
Cements (comb.)... 89.10
Do. (new)...
Ch Agricultures MiscellaneosA
Dairy Farras sanitiz Der A Wing.azonian: Amusements' ............. . Ch. Etainments.......... Constructions, (old)
Do. Lane Crawfords... Mackintoshs..... Nanyang Tobacco...
(now)
$27
***
***
$121 $12
12
***
.80 sta
$15
名
$21
BIBL
Sincarse
#9.40.
Watsons
$9)
$2.10
Wm. Powells ..................
$10
M. Greyhounds .............
$31
8. C. Enterprises ...
United Tuentros.....8.
· 70%
B. Ind G. Bonds... 7
217, prem. 2/91
HE. Gort, Logne .......
$102
$9
Wallace Harper
China Sports Ltd...
N
$800
H.K. Wing On.........
S'ha Do
$200 $15)
LOUAI, AND REGULAB OUTWARD MAILS,
Canton
WEEK DATE.
SUNDATS & HOLIDATO
From G.P.O.
TAOK BEBURGWAY BRÁTCH P.O.
Frox |SHIUKOWAN
BRAXON P.0,} /
(7.35 x 15.00 pm.
1.00 pà (8.15 am, &180
FOR
From Q.P,O.
7.15.& ('7:00 sim.. **6.00 1.00
7.00 pa
•
Samani and Wnchow (By?
direct stormer)
4.00 p.m.
4.00 p
Maoso & Tanaban
Xongmoon (except Baturdays) Sankong (except Ɛsfordays) Fatahan and Wuchow (By
1.7.15-17.30 a (1.15 Jun
11,80 p.m. 6.00 p.m.
6.00 p.m. 6,00 p
7.15 m.)
Train) fai O
1.00 pm
Tai Po
frauchau
Cheungchon
(9,00a.m.&
{8,00 p
9,00 m &
18.00 p.m.
1.00 pm & 16.00 p
1.18 pan.
Bundays
8,18 m. only 5.00 pm
7.10 2.
11.00 a.01.
9.00
L
11.00
(11,00
& 6,00 pa
dberdeen Stanley
12.30 p. BRO
& trian
Pingshan, Santin
11.00 8.30
10,30 6.3.
Bbatankok
18,00 p.m.
·4.20 p.m.
20.50 +
17.00 am, 17.00 p
0,00 am..
1.30 pe Sundays
8.30
only
6.00 p
1,00 pr.
has
Marine.
AND MARKETS
ASIA LANDS LIMITED INVESTMENT NEWS
CONSOLIDATION PLAN AND
RAILROAD BONDS
ol the
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
Partly due to the lower sterling exchange, both Banks and Unions became firmer this afternoon, being bid up to $1,730 and $507), respec tively.
New York-Striking and unpr. cedented, developments affecting the railroad industry are reported to be in the formative stage. There is now good reason to believe that the
On the other hand, the aller adiniustration will develop a plan issues were, somewhat easier in the advocating consolidation
coures of the day, Hotels, Lighta nation's carriers into approximate and Cements being offered at a ly seven regional systems. Such a slightly lower leval than the open- The 1931 Account has been closed Frogramme in itself would probablying rates of this morning. and the profit of £18,259 68. d. result in considerable reduction in But it seems competitive waste, carried to Profit and Loss Account. likely that the plan, if adopted will The nett premiums of the year' go considerably farther and open 1933 amounted to £. 187,586 18. 3d. the way to farger oconomies. The and claims and expenses to £103,401 | proposal is in line with the recon- -58, 11d. The Balance carried for, mendation contained in the recent ward, including the additional 're-eport of the National Transporta- serve, amounts to £134,184 128, 4d... tion Committee suggesting that the woads be merged into regional sys- tumb
looking eventually to a single national system with elimina- tion of all excess and obsolete lines and equipment."
Fire. The nett premiums amounted to £130.004 2. 10d. and the losses to £71,923 24. 103. After taking into necount Commission, Expenses of Management, and Fire Brigade fees and adjusting the reserve for unexpired risks there is a credit balance of £1,002 12x, od, which has been carried to Profit and Loss Ac
count.
The Fund, including the tional reserve, now amounts £72,00113s. 2d.
A natural increase in trafo is very likely to make the problem of restoring adequate earnings entier. According to present estimates, car loadings for the second quarter of the year promise to make the best showing relatively since 1929 and it is also predicted that by June of addi-1923 loadings may exceed corres-
to ponding totala of 1902:
Accident and General. The nett premiums amounted to £40,624 11a. 8d. and the claims to £21,008 108. 28. After taking into account Commission and Expenses of Management the profit of £4,779 12s. 6d. has been carried to Profit and Loss Account
The Fund at the end of the year, including the additional reserve, amounts to £28,649 10 7d.
Dividend
Standard Statistics Co., Inc., now believes the outlook warrants a more constræetive investment atti- lude toward certain classes of rail cbligations and commitments are suggested in those issues offering reasonable prospects of rehabilita tion.
Approxi-
Issue, Afelison. Topeka & Santa Fe Ry. Adj. 4s of 93
In the mining section, Benguet consolidated made a further spurt, and closed at $27 buyers, Rauts also were a firm market at $9j.
Bales.
Hongkong Banks, 81,725/1,732). Hongkong Lands, $75. Hongkong Trams, $914. China Lights (Old), 812.45. China Lights (New), $11.40. Cementa (Combined), 88, 88.10. Dairy Farms, $274. Govi, Loans. 4 prem.
Buyers. Hongkong Banks, $1,730.. Bank of East Asia, 2054, Union Insurabces, $37. H.K. Fires Insurances, $250. Benguet Consolidateds, $27. Raubs, 801,
Providenta (Old). $3.90. H.K. Hotels, 87.10 HE. Realties, $71. Chinese Estates. $95, Ewo Cottons, Sh. $13, Hongkong Tima. $21. China Lights (Old), $19.4. China Lights (New), $11.40 H.K. Electrics, 872). “ Telephones. BOR
Cements (Combined), 88.10. Cements (Old), 18). Cements (New), $1.40, mate Current
Dairy Farms, $271. Price. Yield.Constructions (Old), #21,
1. Govt, Loans, 21% prem.
Bellars.
70
5.0
Atlantic Coast Line
3
Lou, & Nash. Coll 45 of 52...
33
7.5
Haltimore & Ohio lat 48 of 48 ............
77
5.2
The Directors recommend Dividend of nine shillings per share, payable on the 28th May, 1933.
Contributory Bonus..
The Directors recommend a Bonus of 20 per cent, to Contributors of Contributory Premium, payable on the 20th May, 1933.
Profit and Loss Account, The amount at the credit of the Profit and Loss Account after pro viding for the Dividend an Contri- butory Bonus for the year 982.
amounts to £130,510 38, 10d.
Directors.
Since the Inst General Meeting | Mr. J. A Plummer, Mr. L. J. Davies, Mr. J. P. Warren and Mr.
W. H. Bell resigned from the Board anal Mr. K. S. Morrison, Hon. Mr. C. G. 8. Mnckie, Mr. S. H. Dod well and Mr. C. Blaker have joined the Board. In accordance with the Articles of Association Mr. J. Owen
Hughes and Mr. T. A. Mitchell retire but offer themselves for re- élection.
CHINA FIRE INSUR- "ANCE CO., LTD.
DIVIDEND $12: BONUS $6.
The Directors in their report for the year 1932 state that the Balance Sheet and Accounts have been pre-
pured in a new form which has necessitated a number of changes in the manner in which feserves and Unappropriated Profits ure' shown.
B. &. South-western
Div. et Ext. 5s of
50
Bostea & Maine. RR
$ 8
8.0
Mtge. "AC" 5 of 67 50 Canadian Pae, Coll
8.4
8.9
91
5.5
Trust dis of 80 35 Chesapeake & Ohio Ry. Ref. &" Imp. "B" 4/95 Louisville & Nashville RR 1st & Nef. "P": EB of 2003 Missouri Kansas-Texas RR Pr. Lien "A" Be of an 00 NY. Central Ref
Imp. "A" 48 of 2012 (now)
N.Y.. Central Cons
"A" 48 of 88 Northern Pac. Rv.
Pennsylvania BR De-
of 18 im
1933.
71
7.0
3.3
Contributory Bonus, The Directors recommend a Bonus of 20 per cent to Contributors of Contributory Premium, payable on the 26th May, 1933.
FI.K. Steamhasta, $22. Providents (Old), $4, Hongkong Trams $21. HK. Electrics, 873.
THE EXCHANGE
MARKET
MESSRS. "ROZA BROS., REPORT
Messrs. Roza Bros. have for warded us the following exchange market report for yesterday:
Silver prices were again low et yesterday to the extent of for Ready and 5/10 for Forward, the quotations being 18 and 18 3/16 respectively. Advice received at tributed the drop to America and China having sold, Specilators bought at the decline. The tone at In the close was still weakish, America the rate was substantially lower ut 32 for Spot.
New York advices reported the opening rate at 3.95 and the closing rate at 7,934
Opened easy but subsequently weakened owing to a good demand.. Towards 1 pm, the market reacted slightly following Shanghai.
Sterling,
IDENT LINERS
sail 1,591,000 miles every year.......
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
via Panama Fortnightly sailings on Wednesdays' Pres. Hoover min3lay. 24, 1 km. Pres. Wilson
June 7 Pros, Coolidge Pres. Jackson
30ne 31.
July 6
To Seattle and
Victoria
“Fortnightly sailings on Saturdays Pret. Taft ............ May 20, 1 a.in Jans 3 Pres. Jefferson....
......June 24 Pres. Cleveland Pros. Talk
...July 8 Fres, Jafforsone sianJuly 22
ROUND TRIP FARES TO EUROPE & AMERICA.
Direct"
Special through rates to Europe via United States. connections with all Atlantae lines. Choics of rail lines across United States and Canada. liberal atop-over privileges for Sight-seeing. Full particulars upon application,
Fortnightly viu Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay. Boes Canal, Alexandria, Naples. Ganon, Marseilles, Now York and Boston.
Pres. Folk...... Pres: Adams
8am. May 27.
Free. Barrison
June 10.
Pres. Bayes...
TO
Next Salling...
MANILA
8 tha
June 24
July &
Pres. Hoover May 16, 6 p.m.
Pres. Polk REAKSINSTIT
May $7 Pris Jefferson.May 27 Pres. Wilson May 30, Pres. Adeusimam June 10
Pres, Coolidge
! Pres. Cleveland..... Pres. Harrison ... Pres. Jackson
June 13
June 17
Juno 24.
June 27
Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
FEDDER BUILDING - HONGKONG,
CANTON BEANCH:-4, SHAXES · ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.).
Tel: 28380-Gloucester Building, Room 308.
[NKUTER'E AMERICAN BILYJCK]
Now York: May 15,
Dow Jones Averages:
High-1932
30 Industrials
88.78
Low: May 13, ..41.22 80.85
May 15. Change,
70.70 1.16 down!
41.30
36.39 40 down
20 Utilities
40 Bonds
36.11 83.26
$7.70 - 20 down:
20 Rails
13.23 36.88 18.58. 27.00 83.788.00 80.99 or down,
Aria Lands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. The market today has been given over almost entirely to low-priced issues. Leaders are lagging. and we may have here a short period of indeterminate movements bat, so far, no increase in volume on the "down" side. It is thought that there has been a good bit of destribution during the past-two weeks. Wheat: There has been long liquidation and scattered buying. The weather is favourable. The disposition is one of waiting for farther developments. Cotton: Lower cables and disturbed European political conditions induced considerable long liquidation. Trade and specula tive baying steadied the market later. Silver: Commission houses liquidated. Brokers, usually acting in European interest took offer- ings on the way'down. The market seems to need constructive news. Business Done: 3,150,000 shares.
3.1932
37
..
12.1
60
4.4
Gen. Tien 39 of 2047 50
henture 4 of 70 00 Southern Pac
7.5
..Co.
Central Pac. Coll
-43
8.8
With the exception of the Shang- bai rate which was put up to 110 and the Bangkok rate which was put up to 1394, other rates were down but at 13,45 am. Tubes were again lowered. Quotations were as follows:--
HIGH
Low
Erv. 8 PER SH.
LAST SALE
May 13. May 18.
06h
30%
3.00 Air Reduction
$72
3702
911
42
0.00 Allied Chemical & Dye mak
941
4.00 American Can
911
BO
Market.
30 137
--- American Smelting..
27
27
70)
9.00 American Tel. "&Tel, l
105
104
89
5.00 American Tobacco "
san
791
Anaconda Copper Mining
121
12
1517
284
2.00 Auburner
61
18
1.60 Borden Company
347
231 x d
-Canadian Pacitó
q
13
-327.
161
J. L. Castonun qu
5
1.00: Chrysler Motors......
191
314
4.00 Consolidated Gas of N.Y.
321
23
3.00 Drugs, Inc.
48
22
2.00 Du Pont de Nemours
35
3.00 Eastman Kodak
701
↓
B
6%s. Electric Bond & Share
28
8
0.40 General Electric
194
19A
401
198
2.00 General Foods
1,00-- General Motors
10
Gillette Safety.
10
0.80 International Harve
108
6827.00
AD
344
221
Directors.
Profit and Loss Account. ⠀⠀
Business was done shortly after The amount at the credit of the the opening at 119/32 for near de Profit and Loss Account after pro-livery followed by transactions at riding for the Dividend and Con- 1/4 for May June and August, 1/4 tributory Bonus for the year 1932, 3/18 July, 1/4 6/32 May. Buyers than receded to 1/41, seller offer. amounts to $1,128,835.33.
ing 1/4 3/32 for near delivery.⠀ Since the last General Meeting After the seond drop the market Marine..
Mr. J. A. Plummer, Mr. L. J. teacted rightly, and business was The 1931 Account has been closed Davies, Mr. J. P. Warren and Mr. done at 1/4 5/39 May and 1/43/28 and the Profit of $130,027.64 carried W. E. Bell resigned from the Board June. The market closed with sel and Mr. K. S. Morrison, Hon. Mlers at 1/4/16 May/June-1/4 7/32 to Profit and Loss Account, t
The nett premiums of the year C. G. 8. Mackie, Mr. S. H. Dod July and 1/4) Aust, buyers at 1932 amounted to $1,500,887.20 and well and Mr. C Blaker have joined 1/32 higher respectively... claims and expenses to 8827,210.40, the Board. In accordance with the The Balance carried forward, in-Articles of Association Mr. J. Owen
Hughes and Mr. T. A Mitchell, cluding the additional reserve,
tire but offer themselves for re amounts to 81,073,476.60.-
alection. Fire,
The nett premiums amounted to $1,040,032.91 and the losses to &$575,400.00. After taking ‘into; so-' count Commission, Expenses of Management, and Fire Brigade fees and adjusting the reserve for un- expired risks there is a credit balance of 88,020.83 which has been carried to Profit and Loss Account:
The Fund, including the addi- tional reserve, pow $578,013.20.
amounts to
Accident and General,: The nett premiums amount- ed to $372,997.00 and tho elaims to $172,855.73. After tak ing into account Commission and Expenses of Management the profit of $38,237.07 has been carried to Profit and Loss Account.
The Fund at the end of the year, including the additional reserve, amounts to $229,196,80,
Dividend
The Directors recommend a Dividend of $12 per share, a, Honus Dividend of $0 per share and an Exchange Bonus Dividend of $7 per share, payable on the 20th May,
Gold Dollars. Business was done early in the morning at 25 for near delivery followed by transactions at the me rate for June, Rubsequently. offers at 269/16 were accepted for
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 request. See our investment news on the Financial Page of
upon
The Hongkong Daily Press
Canion Agente,
John H. Ferguson & Co.
32, B. C. Shameen.
318624
International Tel. & Tel: 4.00 Liggett & Myers "B" 1.00 Loew's Inc.
Montgomery -
Wand
2.80 National Biscuit ge 2.00 Pacifio Gas & Electric 0.50 Pennsylvania Railway
Radio-Corpo
Sears Roebuck
501
red)
102bid 10zbid.
1.00 Standard Oil Co. of New
Joracy
0.40 Socony-Vacuum Corpm. 1841.20 Union Carbide & Carbon £7§. 6.00 Unión Pacino A
United Bester Steel Westinghouse. E. & K.
carli and June and 28 11/16 was also arranged for September de livery. The market dosed at lunch time with sellers at 201 Kay, 30 7/30 June" and 269716 July, buyers at 1/8 higher respectively.
IN THE AFTERNOON, The market was erratic in the afternoon.
Made Sterling. -Business was done at 1/4 3/18 for May/June and 1/47/32 for June. Towards the close 1/4 was done. for July delivery, finishing with sol- hers at 1/4 3/16 cash, 1/4 7/22 June and probably-1741 July," buyers at 5:11/8L higher respectively.
the Merchants were quoted at 1102, for near delivery, but later the rate reded to 1101 for atar.
Shanghal Dollars./ Were quoted at 111 for nest de Gold Dollars, livery.
Business was done at 907/18 for near delivery.The ked closed
Opened buying which
May
reacted Junë,
26.0/10-July: buyers, de
with
June
18
gher respectively.
Skanghai.
Quiet Bellers, we
me, buyers at 1/10 higher.