DAILY SHARE QUOTATIONS
HONG KONG STOCKTM EXCHANGE.
Bayere Galler
$96
11114
$9.35
$265
SHAREBROKERS' ASSOCIATION.
مدلعة
WEDNESDAY,1
MAY 31.
Ballers Buy
Banks
$1,720, H.K. Banks MAKAN:
£125
De. (London)....
Chartered Banks....
Mercantile Bks. "A"
$0.40 Ch.Fin. Corp. Ord. B.
Do Prof. B
Shipping
MUST!!
Nomina
$1,730
HONG KONG DAILY PRESS, THURSDAY JUNE 1, 1933
MONEY AND MARKETS
FINANCIAL NOTES FROM
LONDON
Commercial Union Assurance Does Well: Sir E. Geddes on 'Dunlops: The Gold Standard
and B.I.S. Eagle Oil
(Special Air-Mail Service)
E13
2211
£138 £24
Do.
"O"
291
***
Bank of East Asia...
$98
N. G. & B. Barks
$6,80
$20
Am. O. Fin.Corp: B.
2500
Insurances
$1,440
Canton InsuraNGON.........
$1,436
33.45
Underwriters
12.36.
9619
Union Insurances ........
ផ
*GUS
China Fires
$590
H.K. Fires.
$250
$4.75 International Assce. 9.
COMMERCIAL UNION- ASSURANCE
$326
Douglases
$34
192
Steamboats
$22
$30
Indos (prof.)
130
Do. (def.)
18/0
Shell
318
WaterFonta
$30 $30 49/- $16
Mining
$34
Benguota...
Venezuels Gold Fida.
134)
| 74.60
30/-
Kailans isterser
25/.
$13
Langkats (single) &.
32.10
35"
Shanghai Loans
Explorations.....
$12 $21
-34
$9.80 12/-
!!!!!!
$3.90 $1.35
$10
Raabs
Tronoh Mino
31 cts. Benguet Explorations
Docks, Wharvoz,
Godowns, sto.
$131
H.K. & K. Wharven.
131
#131
Providents (old)
... 13 90
Do. (new) 1 40
818)
li.K. & W. Dock
318
10
S. Chins Motors* A'
$8
18
Do
"B"
$157
Shanghai Docks S. $146"
$8
New Engineerings S.
38
#33
Hongkewe
Lands, Hotels, and
Buildings
$7.10 $76
87.15
H.K. Hotels...... $7.10
$7.18
$77
HK Lande...5..
333
Bhangbai Lande...8,
$14
Metropolitan Lands..
$7.70
H.K. uailties................****
$14
Chins Do..............,8.
5137
Do. Debentures S.;
$134
Humphroys
$131
$140
Asin Realties “A”S.
320
$1
Do, "B" B. Chinese Estatee... ..
5.10
Ootton Will Ewos
18.) $14.90
$14
$85
Wing On Textiler(S.)
814 $90
Public Utilities
$21.80
$161
8116 | Shai Cottone..............S.
Yoong Singe S.
EHS
Tramways
Pork Trains (old).
Do
Yaunisti Ferries
$28.70 Telephones...................................
$212 116
(new)...
$8
3.2
Star Ferries
381
$29
330
$12.35
731,73
**
China Lights (old)...
$12-$12
819.18
Do. (new)...
H.K. Electrics ... 37%)
$73
$23
Macao do.
1104
Sandakan Lights ....
3221
8:12
China Buses...........8..
Tractions abo
13.
Do. (pref.)..............
***
Industrials
$18
Malabon Sugars ...
315
$20
Caldbeck, Yord.) 8.
$16
Macgregorafiprof.)8.
56
Cantia Icoa ********
$8
Coments (comb.)...
$7.50 $71
$0.40
(old)
1-$1.40
(Dow}...
$15 $9
$281
$187
$12
$420
ex d'v 84.8
$1.00
18
Do
Do,
Ropes
Miscellaneous
Dairy Farzo
$28
$1
Der A Wings...............
$124
Amusements......
$12
Ch. Etainments......
....$4.40
$1
34.00
Constructions, (old) $4.16
Do
(now).9 cta
Lane Crawfords......
Mackintoshssona Nanyang Tobacco...
Bincares..........mékter Watsons
Wm. Powells
$161
$10
12.10
$10
M. Greyhounds..
$82
8. C.
Enterprises
Mi
707%
orem. $21%
United Theatres... 8.
B. Ind. G. Bonds...
H.K. Govt. Losna..... 3102
Wallace Berper
China Sports Ltd...
$200 H.K Wing On...
S'hai Do
47
$$
$102)
$202
152
Asia Lands Limited
Gloucester Building Tel. 28380. We offer you a complete brokerage
rvice 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 Agente
John H. Ferguson & Co.
32, B. C. Shameen.
Tel: 18624.
of unforeseen circumstances to look for continued improvement in your own company's affairs
LONDON, May 18.
In a reference to the company's Having regard to world depres-interests in rubber plantations he .sion last year, the premium
in. foreshadowed that their... “all-in“. come of the Commercial Union As costs would be reduced in the near surance Co. may be said to have future to less than 1. per lb. kept up very well. Net fire pre- landed London. He urged that bo miums were £8,018,358, and al. Government had the right to im though this showed a decline of pose a restriction scheme which £207,803, it must be borne in mind would penalize the efficient pro that a substantial proportion of ducer in order artificially to assist income is derived from the U.E.A the inofficient. where conditions were even Worle than in 1931. No transfer is made from this department to profit and loss, which was credited with a fire profit of £250,000 a year ago.
here
B.I.S. AND GOLD STANDARD
HONG KONG STOCK EXCHANGE
YESTERDAY'S OFFICIAL
QUOTATIONS
It has been an extremely quieti morning this morning, except that some interest was 'taken in Cements, which after declining to $7.00, at the close recovered to 873 bid.
Sales.
Underwriters $2.45, Hotels $7.15.
Hong Kong Lands $77.
Hong Kong Trains $21.80.
China Lights (Old) #12.85.
· Electrica $731-73.
Hong Kong Ropes $8.
Government Loans 2 por cent.
Premium.
Buyers.
Bank of East Asia $08.. Canton Insurances $1,440. Underwriters $235.
Hong Kong Fire Insurances $235. Veils. Goldfields $4). Providents (Old) $3.80. Providents (New) $1.35. Hotels $1.10.
Hong Kong Lands $76). Ewn Cottons Sh. 815.10. Electrics $73.
Lane, Crawfords #4.60. Constructions (New) $1. Government Loans 2) per cent
Premium.
Sellers.
Hong Kong Steambonte 22. Cements (Combined) $8.
Last summer, when the Bank for International Settlements stirred In the marine department, net up controversy by resolving that premiums decreased by £148,650 to the gold standard remains the £367,098, the transfer to proht and best available monetary mechanism, loss of £150,000 comparing with and the one best suited to make £200,000 for 1931. Net accident possible the free flow of world premiums declined by £684,473 to trade and of international financ- £7,161,133, and
noing," the view seemed to have only again
Events have doubt results have been affected by academic interest. conditions in the U.S.A., which moved since then in unexpected was described by the chairman last directions, and emphasis has been year as being "the black spot. given to the reasons which This department, however, has conduced that unanimous opinion.
In their third annual report the tributed £150,000 to profit and loss, as against a reverse movement of board cogently point out that the World Conference approaching £190,744 in 1931.
Net new life business at will afford an opportunity to the DIVIDEND OF 10 PER CENT Governments to £3,985,863 was only £47,839 short various
pro-
Irame'
PEAK TRAMWAYS
CO., LTD.
The report of the Directors of the of the 1831 figure, while the life their economic and monetary plans, fund was raised by £1,334,154 to but that the major political pro-Peak Tramways, Co, Ltd. for the
EUROPE VA SUEZ
AMERICA SUEZ.
Thi
TO CALIFORNIA
13
TO NEW YORK LARAVIMA
STRAITS AMANDIA PresideN TO SEATTLE VICTORIA
INTERPORT.
Liners
INTERPORT
Weekly Sailings Transpacific
REDUCED ROUND TRIP FARES
On Sale from JUNE 1st
to
JULY 31st
With Return Limit to
September 30th
Hong Kong to
First Class Tourist Class
Honolulu and Return Victoria and Return Vancouver and Return
.G$ 360
G$ 196
G$ 492
G$ 240
G$ 492
08 240
Seattle and Return
G$ 132
G$ 240
San Francisco and Return
G$450
G$ 240
Los Angeles and 'Return
G$ 450
G8-246
Apply for further particulars.
DOLLAR STEamship lineS
AMERICAN MAIL LINE
FEDDER BUILDING-HONGKOSG.
CANTON BRANCH:-4, SHaxes Road.
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE
M.S. "SELANDIA" Sailing on or about
£50,600,509. As announced recent blems must be solved before there year ended April 30, 1933, to be M.S. "SELANDIA'
Hong Kong Hotel, Hong Kong, at 11.30 a.m. on Friday states :—"
The net profit for the
ly, the total surplus disclosed by is a re-establishment of confidence presented to shareholders at the in international affairsa without annual ordinary general meeting the quinquennial valuation Was £2,041,673, of which £1,820,182 is to which a recovery cannot be ex- of the Company, to be held at be divided. On the issued and paid-up share capital of £3.540,000 a total dividend of 41 p.c. is paid for the fifth consecutive-gear. DUNLOP RUBBER MEETING
Sir Eric Geddes, the chairman of the Dunlop, Rubber Company, delivered a hopeful speech at yes terday's meeting of the company He thought be detected a little more spending power among the people of this country-for in stance, large increase in the sale of cycle tires, and a notable swing over from the purchase of second- grade golf balls to the purchase of a first-grade ball. The resistance to buying was certainly not 30 strong as it was, say, one year ago. On the company's own position, he said:-
There has been a definite im- provement in the United Kingdom thers has been an improvement in our foreign export trade; there has been a very definite improvement in trade with our Dominions, bar so far as the world at large is
pected. Assuming that some agree. ment can be reached, a return to the gold standard is consequently desirable.
and
But, as they pertinently urge, this standard will work no better in the future than in the past if the unregulated anarchy which has prevailed in its application the short-sighted individualism which has been practised in its operation, commence all over again. The defection of America adds one other nation to the list of those who will subscribe to the need for stable monetary standards.
EAGLE OIL DIVIDENDS.
twelve months, after deducting Directors! Fees and general man- agers remuneration, and making provision for depreciation amounts to To which has to be add- ed the balance brought from last
!!
880,010.00
forward
necount
11,550.64
Making available for
appropriation
follows:-
871,001.73
The Directors recommend that the The Mexican Eagle Oil Company amount" available for distribution, have declared on the First Preiz.: 871,004.70 be allocated as ference share capital a dividend os 25, 9.6d. for every ten shares of 4 pesos ench in respect of each of the two half years ended October 31, 1931 and April 30, 1632, mak. ing 58. 7.2d. in all for every ten shares, payable in London on May
15.
concerned, the beginning of 1933 Canadian Eagle Oil Company finds conditions apparently as con- have declared on the First Pre fused and difficult as ever.
ference share capital a dividend of
Pay a dividend of 10% on 23,000 shares" fully paid up Pay a dividend of 10% on 30,000 shares as paid up Transfer
Fund
$23,000.00
$5,000.00 to Reserve
9,139.70 And Carry Forward.... 12,405.03
$71,604,73
Moreover, we are, handicapped 48. 24d. for every ten shares of
3 Canadian dollars each in by the burden of taxation, and
Mr. Davies, Mr. A. B. especially so by the inadequate al pect of each of the two half years Stewart and Sir Elly Kadoorie lowanes for depreciation and obao-ended October 31, 1931 and April
resigned from the Board during lescence of plant. In the Budget 30, 1832, making 28. 4-8d. in all, the year and the Hon. Mr. 0. the Chancellor gave no taxation payable on May 15. relief of importance to the indus The question of relief from Gordon Mackie, Mr. R. Gordon trial company, and it is profound. United Kingdom income-tax in rea- and Mr. H. Kadoorie were invited In accordance with Rule 95 (a) ly disquieting that the spring of pect of the deduction of Canadiano fill the vacancies. 1933 finds the burden as heavy on tax is receiving attention, and it our backs as it was in the spring is hoped that in the event of re of the. Articles of Association, the Tung, Mr., J. Scott Harston, Hon. of 1832. I looked in vain for any lief from United Kingdom income present members, Sir Robert Ilo tangible suggestion that expendi- tax being due in respect of such Mr. C. Gordon Mackie, Mr. B. ture would be substantially reduc- deduction, it will be possible to Gordon and Mr H. Kadorie retire, arrange with the Inland Revenue For the current year the results for the amount of the relief to be but being eligible, offer themselves of our operations are satisfactory paid to the paying agents in full. for re-election. compared to the corresponding Repayment would then be made to period of the year under review. I the shareholders who bays collect think there is reason in the absence ed the dividends now being paid,
ed in the near future....
THE EXCHANGE MARKET
MESSRS. ROZA BROS.. REPORT
i
August delivery. The market clos ed with sellers at 1/4 95/32Jume: and 1/4 10/10 July, buyers at 1/13 higher respectively:
Gold Dollars.
A couple of transactions were arranged early in the morning at 271 for cash. The market closed with sellers at 27 15/16 June and Moesia Roza Broś, have forward- 28. 1/18 July, buyers at 1/3 higher ed us the following Exchange
respectively. Market Report for yesterday:-nik
"Yen, s Silver prices were unchanged
Merchants were quoted at 112 yesterday, the quotations remaining for near delivery, at 18 18/18 for Ready and 19 for Forward Silver advices reported
the market us being featureless.
The Continent operated both ways
Shanghal Dollars." Were quoted at 1104 for cash.
Bhanghai,
Early advices indicated sellers at
The tone was steady, The Ameri-1/3 but towards the close" sellers. cán Barket was closed yesterday. were indicated at 1/3 for near,
The London-New York rate was buyers probably at 1/16 higher. quoted at. 3.99
Market, Dill.Opened with indications of easiness but later armed up fol lowing Shanghai,
Dm C Sterling.
There were sellers after the open- ing at 1/4 11/16, buyers bidding 1/4 23/32 Lator sellers came out at 3/4:23/32, 1/4, 1/4 5/22, leading to a small business at 1/4 27/32, for
Montevideo Bombay
Shanghai Hong Kong Yokohama Silver (Spot) Silver (Forward) War Loan 3%"
The accounts were, audited by
Megara. Lowe, Bingham & Matthews and Messrs Linstead and Davis, who offer themselves for re-election.
LONDON STOCK MARKET
(BRITISH WIRE/ESA BERVICK. ↑
Rugby, May 30,
Paris New York
Montreal
Brussels
FOR MANILA. . ...
FOR SAN FRANCISCO, ETC.
10th JUNE
via SHANGHAI 20th JUNE
CARGO AND PASSENGERS ACCEPTED FOR MANILA, AND
SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC. THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.
Excellent Passenger Accommodation
Passenger fare Hongkong/San Francisco G8120 (1st class only)
For Freight and Passage, etc, please Apply to:
The East Asiatic Co., Ltd. The Chinese American Shipping
Company Agent:
Agenta:
JOHN MANNERS & CO. LTD.
HONG BLING
Oficer MERCANTILE BANK BUILDING (TOP FLOOR), 7, QUEEN'S RD., CENTRAL,
TALSPHONE: 24071. :|
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tol. 28380-Gloucester Building, Room 308
[NHUTER'S' AMERIČAM ČERVIR]
New York: May 20. Dow Jones Averages;
30 Industrials 20 Rails
High-- 1932 88.78
Low: May 97. May 29.
41.22 89,61
Change
00.02
Atup
20. Utilities 40 Bonds
41.30 -36.11
- 13.22 13.28 ---
42.04
66 up
16.53 99.51 29.03
83.20
.41 up .01 mp
66.78 83.30 83,31
Asia Landa, Limited, has received the following report from their New
York correspondenta, E. A. Fierce & Co. The rail market came through: as expected, However, the advance was quite selective. We expect further strength in New York Central, Delaware-Hudson and Southern Railway and possibly a slower appreciation in Pennsylvanis Hailway, with quite a little profit-taking. As regards, industrial issues we understand that some very confident buying is taking place in oils. Wheat: Although there is a slackening of demand the market rules steady, dominated by inflationary sentiment Farmers sold. Statistice are bearish. Cotton: Cables caused a 75 cent recession, early on, which attracted fresh buying. Silver advanced 30 points at the opening and sttracted profit-taking, which force prices to the previous close. Trads and banks bought. The market is closed tomorrow. *-* Business Dones 8,960,000 shares.
LAST SALE
HIGH
1939 Div. 4.
LOW PERBELLA
90% 3.00 Air Reduction
6.00 Allied Chemical & Dro
-299-04:00 American Can
42
(137)
Amèrican Smelting
9.00 American Těl & 5.00 American Tobacco
Anaconda Copper
2.00 Auburn 160 Borden Company"
Canadian Pacific J.-I. Casti kaupad 2.00 Chase National 1:00 Chrysler Motors 4.00 Consolidated Gas
3.00 Drīzu, Log, a
2.00 Da Pont de Nemours
3.00 Eastman Kodak
8415/18
3,90
4.50
24.00
208
Genova
14.31
65
Amsterdam
8,30
*Milan
Berlin
14 31/32 (1)
Stockholm Copenhagen
19.80
29:45
671
[Oslo
Vienna Prague ... Helsingfors Madrid
19.23/32 30 nem.
920
30
110
500
108
1/2 13/16 18 15/10
Bucharest Belgrade Buenos Aires *Ro
565
15%
245
804
4.00 gett & Myt 1.00
42) official
378
41 nom.
08 5/16
(Continued on
34 pôm/ 781/6 6/64/4/15 Lisbon
AYƏTZINAKAthens (1
6% ■ Electric Ford & Share DW General Electric 2:00. General Foods
General Rotors
Let Gillette Safety
00- International Hi $7,00
International
May 27: May 20,
$811 6801:
100 1048
34
15
bid 201-bidl