DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE.
SHAREBROKERS”
ASSOCIATION.
HONG KONG DAILY PRESS, SATURDAY, JUNE - 3, 1933
MONEY
AND MARKETS
13
SHAKHANG
KONSUL
MANIA
СПРОМ BALBOA
Buyer Setleri
Balon
Namizni
FRIDAY, JUNE 2.
Bayom
Baliare
Banks
...
H.K. Banks
Do. (London)
Chartered Banks ....
Mercantile Bks. "A"
Do.
Bank of East Asia..
N. C. & 8. Barke
Am. O. Fia, Corp: 8.
Ensurances
! ! ! ! ! ៖ ៖ ៖
"O"
$28
$7.10
HONG KONG STOCK EXCHANGE
$1,730
HITAM TIN, LTD.
MALAYA COMPANY HALVES CAPITAL
U.S. INVESTMENT NEWS
#13} £34
tin
$1,718E
2128
£14
£24
£97
等沟通
$20
15.40
75.00
Ch. Fin. Corp. Ord. 8.
Do
Pref. 9
$1,440)
Canton Insuran088.........
Underwriters
1519
Union Insurances .......
1690
China Fires yo
5255
H.K. Fires............................
$1,436 10.36 015 $600 $260
$4.76 Internaticoal Assce, S.
Shipping
$321
Douglases
$24
122
Steamboats
$27
130
Indos (prof.)
$30
130
Do. (def.)
$30
18/9
42/-
$15
$15
Mining
3334
341
QUIRI
a1
813 Langkats (single) S.
Benguets. ****** Venezuela Gold Fida.
Kailans
$344
$4.00
26/
312
$2
$4
$9.80
12/
!!
36
810
Shelle...... Waterbouts
3210
Explorations...es 2. Shanghai Loans
RaubsATESTDRU Tronoh Mines ...... Benguet Explorations
3 cia. Docks, Wharves,
Godowns, etc.
Buildings
ידי
H.K. Realties........ China Do...S.
WEEKLY REPORT
Ltd.
at
Singapore:-At
extraor The period covered by the past
dinary general meeting of week was not productive of any
held" Hitam Tin spectacular changes, fluctuations, if Singapore last week with Mr. H. any, being confined to within nar- Funtemaan presiding, the following row limits. On the whole, how-resolution was passed unanimous aver, the list generally, held up. well.
1
That the capital of the company
Asia Lands, LimitedTM
CONTINENTAL Cay Co-Reports for the 12 months ended March 31, 133, net profit of 84,827,044, after equal to 884 a share (par $20) ou depreciation, federal taxes, etc., 1,733,343 shares of common, against share on 1,732,965 no par common shares for the 12 months ended March 31, 1992.
The bulk of the trading was be reduced from $300,000 divided $5,279,709, or 83.06 a chiefly in the lower priced issires, into 300,000 shares of $1 each to divided into 300,000 and principally in lights, Cements $150,000 and Hotels. It has been noticeable shares of fifty cents each, and that such reduction be effected by can of late that more cash and less for celling capital which has been lost ward business is being transacted.
or is unrepresented by available Closing tone atcády,
assets to the extent of fifty cents Business Done During the Week. per share on each of the 300,000 Hong Kong Banks 81,727), 81,725.shares which have been issued and Union Insurances 8552, $317, are now, outstanding and bye
$519 ax. div.
ducing the nominal amount of all China Underwriters $2.45.
the shares in the company's capital Hong Kong Fire Insurances, $270, from $1 to fifty cents per share. Benguet Consolidateds 231, 8331/ Wharves $129.
Providents (Old) $3,05,
"
Hotels $1.05, 87.15, 87.20, 871: Lands $77.
Tramways $21.60, 22.
Prospects for the Future. The Chairman in proposing the resolution said:--
was floated in This company 1918, and for the period from 1919 to 10930 & total sum of $275.901.32 who set aside for de-
China Lights (Old), $12.80, $13, preciation, and during the
$12.85.
Electrics $73, 873), $734.
Bame
E.I. DUPONT DE NEMOURS &.Co. -- Report profit and loss surplus on March 31, 1933, was 8102,028,758, against 8179,717,373 three months ago and $186,060,614 a year ago: After payment of corimon and de- dividends, aggregating benture $7,000,100, the surplus at March 31, 1933, was 8169,026,788.
ELECTRIC AUTO-LITE Co.:-The subsidiaries for the quarter ended March 31, 1933, report nat profit of 8:0,402 after depreciation, federal taxes, eto, against 8547,660 in the firat quarter of 1932.
GENERAL FOODS Coar. The sub- period, after allowing for depresidiaries report for the quarter ciation, the company made a net ended March 31, 1033, net profit of profit of $400,413.27. I might add 83,238,188 after expenses, federal taxes, etc., equal to 61 cents a share on 5,251,488 shares, against $4,430,773, or 84 cents a share on 6,277,740 shares, in the first quarter of the previous year.
Telephones, 898,65, 829. Cements (Combined), $8, 87.85, that out of this profit the company paid $442,500 in dividends of 1474 per cent.
$7.60.
Ropes 88, 894/8.60.
Watsons $10,
Constructions (New), $1. Government Loans 2 per
The assets, if you approve this scheme, will have been reduced to nfigure in keeping with their pre- cent.,sent value, and should the price GENERAL MOTORS CORP. The pre- of tin continus to improve and liminary report for the quarter later on, the quota be increased, ended March 31, 1933, including the further depreciation of these equity in undivided profits or assets should present no great losses of subsidiary and affiliated handicap. For the time being companies not consolidated, shows however, I can see no advantage in net income of 86,870,007, after de- providing for any further deprecia-preciaton, interest, federal taxes, tion. In these times, if a com-
per cent. Premium. Etro Cottolls Sh. $15.80.
Changes (3.15 p.m.) Closing Quotations, Buyers. Hong Kong Banks $1,720. Hong Kong Fire Insurances $270. Hong Kong Ropes #9.
Providents (Old).$3.95.
$128
$129
H.K & K. Wharves.
$131
23.90 $1.35
$3.95
Providenta (old)... 1390
-34
: 3.95
Do. (new) 140
$13
H.K. & W. Docks
918
$10
$8
S. China Motors'▲]
Do.
A
38"
38
$148
Shanghai Docka S.
180
New EngineeringaS.
3140 **
#331
Hongkowa.
Lands, Hotels, and
$7.20.
$77
$7,20
$77
H.K. Hotels
$7.10 71
H.K Lands............. 8.
177
8333
Shanghai Lands...S
814
Metropolitan Lands..
$7.90
37.70
$144
Sellers.
3137
Do. Debenturess.
3134
$140
Humphreys *****
$131
Hotels $7.30.
J20
Asin Realties WAS. Do. "B" 8.
3.7
Chinese Estates.............
Cotton Mills
$ 69
$15.80
Ewos
8.
111
Shai Cottona.......S.
814
Zoong Sings
S.
185
Wing On Textiles(S.) 185
Public Utilities *
$21.90
Tiamways
$21.90
316)
Poak Trams (old)....
316
381
Do.
(new)...
18
452
Star Ferries
་་་་
191
Yaumati Ferries
130
973.30
:::
Chins Lights (old)... 312.85 $13.
Do. (now)... $11.88
3101
#116 $14
$29+
112.00
812.16
$701
8721
H.K. Electrics .......
$73}
123
Macao do.
8104
Sandakan Lights ........
$29
Telephonce.....
$29
$11
China Buses...... S.
Tractions ....
13'-
Do. (pref.)...
Industrials
$15
Malabon Sugars
$20
Caldbeck, Word.) 2.
316
Macgregors fprof.)8.
56
Canton Ives*******
$6
$770
Cements (comb.)...
$7.40
16.40
Do.
(ola)...
$1.40
$1
$81
18
Ropes
巴
27.90 $281
]
Der A Winge....................
#18!
Amusemente ***.**
312
Ch. Etainments......
$4.40
(new)
#21
Do, (now)...
- Miscellaneous
Dairy Farm 990009
Constructions, (old))
Do. 1
Lane Crawfords...... Mackintosht ....
az div. $14
Sinceres
."
$12)
$12
($4.2) 1,90 cta: BACO
*
Nanyang Tobs000...
$14
$10
Watsons
391
$2.10
Wm. Powells.........................
F1.90
$10
M. Greyhounds......
$32
D. G. Enterprises...
$4
United Theatres....
70%
B. Ind. G. Boads...] 71+"/
247.
Lim
ILK. Gort, Loans ...
$1021
$9
Wallace Burper......
China Sports Ltd
$190
B.K Wing Oa
$140
S'hai 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 Agenla
John H. Ferguson & Co.
32, B. C. Shameen.
Tel. 18624.
Sales.
Hong Kong Fire Insurances 8270. Hotels 871. Tramways 322.
Hong Kong Ropes 891/8.60, Government Loans 2 per cent
Premium.
THE EXCHANGE MARKET
MESSRS. ROZA BRÜS..
REPORT.
Messrs. Roza Bros, have forward ed us the following exchange market report for yesterday:
ате
•
Cash, United States Governments and other marketable securities on March 31, 1933, amounted to with $148,211,696, comparing $172,780,698 on December 31, last, and 8158,777,630 on March 31 a year ago,
pany's assets stand at a reason- etc., equivalent after preferred able figure and it can make a work dividend requirements, to 11 cents ing profit, then I am strongly of a share (par $10) on 43,300,000 com- This compares with the opinion that as much of that mon shares. profit as possible should be dis89,093,027 or 17 cents a share on common in the first quarter of 1932. tributed to shareholders. The cry. ing need of most people just now is cash and very few of us concerned with the piling up of res serves which are not likely to be re- quired in the immediate future.
Even with tin at its prescrit price and with our diminutive quota of 58 pikuls a month we are making a small profit. I cannot
NATIONAL STEEL CORP. For the hold out hopes of large dividends, but I do ask you to approve a quarter ended March 31, 1933, scheme that will enable us to pay showa net of 8280,844 after depro- small dividends if we continue to ciation, depletion, interest, federal make profits on the present scale. taxes, etc., equal to 18 cents a share 2,136,832 shares, I. cannot be certain when we shall (par 828) on be able to declare the first dividend against 8302,799, or 27 cents a share, or at what rate it will be, but I in the first quarter of 1932..." hope that we may be in a position to declare a small one in the first
Silver prices dropped 3/16 jester. day for both deliveries, the quota-half of the next financial year tions being 18 for Ready and 18 which begins in July. 15/16 for Forward. Silver advices
reported China as having sold to
a small extent. The continent also gold. The tone at the close was un- certain. In America the rate was higher at 359 for Spot..
New York advices reported the opening rate at 3.991. Subsequent ly business was done at 4.00 The
lowest rate was 3.99.
CHINA TEA TRADE
PLANS FOR REVIVING
Measures for promoting the ex- port of Chinese tea were discussed ut a meeting in Shanghai of repre- sentatives of the China Tea Mer
*
**
T
NORTH AMERICAN CO.:-Earnings for the 12 months ended March 31, 1933, approximated $1,63 a share on the average common shares out- results would compare with 83.16 a standing during the period. The
share for the corresponding. 1932 period. For the calendar year 1932, the company reported $2.01 a share, against 83.41 for 1931.
#
PACE ID Motar Các Co: Đe pite a drop of 32 per cent. in unit
With the exception of the Java chants'. Guild, called by the Bureausales during 1939, Packard remains
rate which was put up to 683, other rates were unchanged.
Steady,
Market.
Sterling.
of Foreign Trade in the Ministry ofly and from a trade standpoint, "as strongly established, both financial-
Industry.
the leading domestic producer of After lengthy discussions, the high quality automobiles. The de decisions were, reached at the meet-cline in unit volume last year was less than that of the industry as a
consumers,
The market opened with sellersing at 1/4 2/32, buyers bidding" 1/4 To provide a thicker adn richer whole, and this company's business 27/32 resulting in business at 14 brow of tea to suit the taste of so far in 1933 has made a favour- 13/16 for near, delivery, followed by British
autiquated able comparison with that of other transactions at 1/4 17/32 second methods of production shall be high priced car builders Never- half June and also July. Later the modernised. Fertilizers used in theless, it is probable that opera- tions for the initial three months market cased off slightly and 1/4 plantations shall be improved,
of 1933 resulted in a deficit about 13/16 was done for, second half June. The market closed at lunch time with sellers at 1/4 25/32 June, 1/4 13/16 July an 1/4 27/02 August, buyers at 1/32 higher respectively,
Gold Dollars."
•
To reduce the coet of production equal to the $0.10 a share loss for in order to enable Chinese leaf to the like 1932 term. While substan- compete with Indian, Ceylon and tial profits are not in prospect until Japanese tea; Samples of Chinese a sustained upswing in business tes shall be sent to the various occurs, Packard's sales are expected. Business was done at 28 fer cash, Chinese Consulates abroad, parti- to be among the first to turn up- 281 and 28 5/18 for July delivery.cularly in Great Britain, America, ward with general recovery, due to Later offers at 238 was also arrang- and Soviet Russin, in order that the selected clientele ed for August deliveries. The mar extensive publicity and advertising ket closed with sellers at 28 1/10 may be carried out in these coun June, 28 3/10 July and 2 5/16 trics. The Chinese Consulates are August, buyers at 1/16 higher res also to be requested to collect and pectively,
which
it
serves. Because of the large num ber of shares outstanding, however, increase in per share returns will. be at a gradual rate,
supply detailed information regard UNITED CONFORATION:-Cash in- fored in the Chinese tea trade. Direct quarter of 1963 was slightly smaller ing the foreign. corporations engag: come from investments in the fret connections should be established than common dividend payments," with these corporations so as to the balance for the junior issue reduce cost of distribution:
having amounted to just under
Yen, Merchants were quoted at 1121 néar delivery.
Shanghai Dollars. Were-quoted-at-1107 for near-do
livery.
Shanghai.
Stendy.-Sellers were reported early in the morning at 1/3 for near delivery, buyers bidding 1/3 3/16. Subsequently the market was reported as being a shade easier with buyers at 1/3 for June de livery.
IN THE AFTERNOON, The market was quiet in the afternoon, the undertone being a shade easier.
Sterling. Business was done at 1/4 7/32 for July delivery, Enishing with sellers nt 1/4 95/32 June, 1/4 13/16 July and 1/4 27/32 August, buyers bid ding 1/32 higher,
Gold Dollars.
Nothing done-The market closed with sellers at 29 June, 281 July.|| `and probably 29.6/10 August, buy-
To secure a reduction in the Cus $0.10 share, a compared "with toms duties imposed in foreign coun012 in the corresponding period of tries on Chinese ten: Mr. T. Vlast year. Smaller receipts from Soong, Finance Minister, should be Public Service of New Jersey and requested to bring up this question possible later, reductions by other at the forthcoming World Economic companies in which United Cor- porntion has investments indicate Conference at London.
that 1933 cash receipts will be in sufficient to support. the present 80.40 annual rate. Payments on the preference remain secure.
To confer with the local Chinese Bankers Association and the Native Bankers Guild regarding measures of relief. In this connection, it may be noted that pursuant to a petition from the Ten Merchants' Guild, the Ministers of Industry and Finance have already instructed the two bankers' guilds to device measures, of relief.
"Shanghai,
Sellers were indicated at 1/3 1/16
ere at 1/16 higher respectively." for near with business done at 1/3) (Continued at foot of next Column) (June,
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
via Panama Fortnightly sailings on Wodnesdays Pras. Wilson June 6, midnight Pres. Coolidge - mig. Juza 21 Pros. Jackson........................uly & Pres, Hoover .......
July 19
To Seattle and
Victoria
Fortnightly sailings on Saturdaye Pres. Jafferson June 8, 1's m Pro, Clevoland....
...... Juke 24 Prem Taft... » ....July 8 Pros. Jefferson
July 22 ROUND TRIP ARES TO EUROPE & AMERICA,
Direct Special through rates to Europe via United States.
Choice of rail lines scross connection with all Atlantae lines. United States and Canada, liberal stop-over privileges for Sight-seeing. Full particulars upon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila Straits, Colombo, Bombay Suez Canal, Alexandria, Naples, Ganos, Marseilles, New York and Boston."
8 a.m. ...June 10 Pres. Adama Pres. Harrison ...............June 24
Fres. Hayes,............
"TO MANILATM
July 8
“......................... Pres. Adams June 10, 8 a.m.
Prer. Taft.............................July Pres. Hayao... ..................aly B Pres. Hoover
Next Sailing : Pres. Coolidge June 13 Prea. Cleveland............June 17 Pres. Harrison emire June 24 Pres. Jackson
... June 37
ť
Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA
.
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING-HONGKONG.
CANTON BRANCH;—4, SHAKER ROAD..
PACIFIC ORIENTAL
· MONTHLY CARGO AND PASSENGER SERVICE
M.S. “SELANDIA" Sailing
FOR MANILA
FOR SAN FRANCISCO, ETC.-
via SHANGHAI
On or about
10th JUNE
20th JUNE
CARGO AND PASSENGEES 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 08120 (1st class only)
For Freight and Passage, etc. please Apply to:
The East Asiatic Co., Ltd. The Chinese American Shipping.
Agents:
JOHNMANNERS & CO., LTD.
*
Company Agent: HONG SLING
Office: MERCANTILE BANK BUILDING (TOP FLOOR), 7, QUEEN'S RD., CENTRAL TELEPHOSË 7′′ 24071.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28880-Gloucester Building, Room 306.
[REUTER'S - AMERICAN, BERVICE]
Now York: June 1. Dow Jones Averages:
30 Industrials
High-1932 88.78
Low: May 31. June 1.
41.23 88.11
Change
89.10
.08 up
20 Bails
41,30
13.22 42.42
43.40
.
TP
20 Utilities
36.11
16.53 28.50
29.88
.08 up.
40 Bonds
83.26
85.78 83.11.
83.62
41 up
Asia Lands, Limited, has received the following report from their Now York correspondents, E. A. Pierce & Co., Irregularity again: failed to develop into anything of a serious nature. On the day's action we would expect still higher prices for oil and metal issues. Wheat: weak. Cables and bearish crop reports induced early liquidation but commis- sion house demand and reports of a probable reduction in gold value forced covering at the close. Cotton: At the opening sentiment was reactionary, & fairly heavy demand from the Trade and investors. lent a steady tone and the market closed steady. Silver opened lower ander liquidation and foreign selling but later rallied sharply on buy- ing by investors and commission houses Business Done: 4,750,000 shares.
1939
HIGH Low PER. Bu,
LAST SALE May 31. June 1.
$787 8701 102 1021
-6991
BGL
30%
3.00 Air Reduction
8.00 Allied Chemical & Dye
費
29
4:00 ́ ́"American" Can
30
51
American Smelting.......
361
137
70%
9.00 American Tel. & Tel.
1171
1174
892
10
1514
43
50 American Tobacco B
Anaconda Copper Mining 282.00 Auburn, unga
160 Borden Company
Canadian Pacific
-BOY
02
14%
102
"3. L. Cast
742
471
178
2.00 Chase National Bank.
23 bid 241 bid
311
11.00 Chrysler Motors
231
231
881 57
4.00 Consolidated Gas of N.Y.
614
-511
23
3.00 Druze, Inc.
34
bat.
22
2.00. Du Pont de Nemours
75% 701
871
351
3.00 Eastman Kodak
-78
48
5
0% 6. Electric Bond & Share
21
0.40 General Electric
401
"to
2.00 General Foods..
34%
248
74
1.00 General Motors ......
24
104
1. Gillette Safety
Menara Carroll, Bros, have, res ceived the following cabled quota- tions from Shanghai..
341
104
108
0.00 International Harvester $7.0000
(Preferred)
15)
Ewe Cotton Mills; Ltd.... 815.70 S'hai Land Investment
Co. Langkate
804
: 371
B
23.50 14.95
224
All prices are in Shanghai dollars
(94)
SHANGHAI SHARES LATEST CABLED QUOTATIONS.
28 International Tel. & Tel.
-344.00. Liggett & Myern (5)
-1.00 Loew's Inc.
- Montgomery,
100 Nationals Cit
110/
30 bid 29 bid