DAILY SHARE QUOTATIONS
HONG KONG STOCK “
EXCHANGE.
Buyer Ballers Sale Nominal
!!!!!!!!!
31,740
SHAREBROKERS'
ASSOCIATION.
MONDAY, JUNE 12...
Barere allery Balne
£198
Banks
H.K. Banken
Do. (London) ***
£149 Chartered Banks .... Mercantile Bks. “A”
£24
Do..
Bank of East Axis...
$98
***
Do Prof. B Insurances
Underwritera
N. O. & B. Barks
$7.20
020
Am. O. Fin Corp!
$5.40 25.00
Ch. Fin. Corp. Ord. 8.
***
$1,450
191
Canton Insuraŋdės.....!
**5
$2.40
3515
$425 520/30
Union Insuraness...
3396
China Fires.
3970
H.K. Fires...
$4.75
International Assoe. S,
Shipping
Douglases....
1111111⠀⠀⠀
HONG KONG DAILY PRESS, TUESDAY, JUNE 13, 1933.
MONEY AND MARKETS
HONG KONG STOCK MARKET
$1,735
£131 £34
YESTERDAY'S OFFICIAL
388
144
***
QUOTATIONS
To-day, the opening day of the. week, was dull and foxtureless, and though rates, with the excep- tion of the lower-priced issues $1,436 which gave way to some extent, remained more or less unaltered, very little interest was taken In the market as a whole.-
100
$2.40 414
$590
$250
Sales,
Hong Kong Banks, $1,740. Union Insurances, 8520/330. Benguet Consolidateds, 833, Providenta (Old), 83.97/4 Providents (New), 81. Hotels, 87.05.
Em Cottons, Ch. $14.70. Hong Kong Trams, 821.80. Electrice, 873.
$32
$31
132
Steamboats
$22
130
Indos (pref).....
$30
$30
Do. (def.)
$30
48/9 Shelle
49/-
$16
Watert.cata
$16
Mining
$33
Benguets.
Venezuela Gold Futs
*****
$341
$4.10
32/3
Kailans
25/
815
Langkats (single) 8.
$15.
Explorations.......
$5
Shanghai Loans 8.
52)
Raaba.....
$9.80
13/-
Douglasce, 832).
Docks, 818.
C!!!!!
*!!!!!!!
$128.
$139
$3.90
3.07/14
... 13 90
$4
$1.40
(new)... 140
$18
H.K. & W. Docks
S18
$10 18
38
$8
$149
**
$781
$7.55
Tronoh Mines. ****** Benguet Explorations
3. cis Docks, Wharves,
Godowns, etc.
H.K.K. Wharves
Providente (old)
Do.
8. China Motors A
Do.
3148 Shanghai Docks 3.
#33
8332
New Engineerings.
Hongkawi ............ Lands, Hotels, and
Buildings
HK. Hatala ****. H.K Lande....8) 76
Shanghai Lands...8.
SA
$14
Metropolitan Lande..
18
H.K. Itealties.
3144
Chins Do......8.
$137
13
www
$140.
Hauphreys
$20
$21.68
201
37
$7.10 $7.08
$8.06
$13
S
"B" S.
Da. Debentures3.
Asia Rositius
Do,
Chinese Eatates......
Cotton Millm
$14.7681470
Exos
EVA
8109
S'hai Cottons......S.
$14
Zoong Stays
$:4.00
10 8144
$95
Wing On Textiles(S.) $95
Public Utilities
$22
Poak Trams (old)....
$15
#72
Do,
(new)...
371
$19 Star Ferries
14110
Tramwaya ******
138Yaunisti Ferries
$13 40 China Lighte (old)...
180$
$20
$13.20 $13.10
$12
Do. (now)...
H.K. Electrics ......
$121 $73
#23
Macao do.
F10
Sandakan Lights...
Telephones.................
3291
911
China Buses......S.
Tractions.
13'-
Do. (prof.)......
Industrials
$15
Malabon Sugara
$16
Macgregore (prof.)8.
$6
67.70
Cements (comb.)
16.30
Do.
(old)...
$14
Do
$13
Ropes
320 Caldbeck, Yord.) S.
Canton Ices *********
(now)...
Miscellaneous
Dairy Farmusaitis
Dor A Wings.......
Do,
Mackintoshs
(now)
Bincerez
T
$15
16
87.60
$3
$12
19
$28+
$127
$11 $4.20 1.90 ota
$4.85
Buyers.
Canton Insurances," $1,460. Union, 8815.
Providents (Old), 83.05.
Humpreys, 813).
Hong Kong Trams, $21.85.
Dairy Farms, 827).
Govt. Loans, 31. per cent Prem.
Sellers.
Union Insurances, 8525. H.K. Steamboats, 829. 'Raubs," $10.
Hong Kong Lands, 8761.
Ewo Cottons, Sh. 814
Telephones, 830,
Lane, Crawfords, 84.00. Constructions (New), #1.
12,600,000 SHARE DEAL
BANK OF FORMOSA PART WITH TEIKOKU RAYON HOLDING
N
Tokyo. The Bank of Formosa (Taiwan Ginko) has now sold 100,000 shares of the Teikoku Rayon Company to life insurance companies and cotton traders in Osaka for Y12,600,000 or Y126 per share. The present. market quota- tion is 133. The whole prereeds will be employed by the Bank for the return of its loans at the Bank of Japan.
MINERAL WEALTH OF PHILIPPINES
OIL, IRON, GOLD, ETC.
THE EXCHANGE MARKET
MESSRS. ROZA BROS., REPORT
While Edwin F. Gay in his pre-ed us the exchange market report Messrs. Ron Bros., have forward- face, predicts an industrial revolu tion in Asia where the stage seems
for yesterday:---
Silver prices dropped 1/8 yester set for catastrophe," H. Foster day for both deliveries, the quota Bain, former chief of the United tions being 10 5/18 for Ready and States Bureau of Mines, discusses 19 for Forward. Silver advices re-
Ores and Industry in the Far ported speculators, as East," and finds that down in the bought. The Continent sold. The having Surigao province in Mindanao there is a potential supply of 430,000,000 metric tons of iron ore.
The preface introduces Bain's summary of 270 pages, pub- lished by the Council of Foreign Relations, 45 East 68th Street, New York, and the book is titled, "Ores and Industry in the Far East." A copy of the publication reached the Manila Daily Bulle
tin.
Mr.
Mr. Gay, a director of the Coun- eil of Foreign Relations, says that "the industrial revolution of went, is only a curtain raiser for the vaster drama of the 20th century be played in Asia, He picks China as the centre of this "revolu- tion, He visualizes the Chinese as an awakened people, rushing mad- ly into the maelstrom of commer-
tone was steady. In Americn the rate was quoted at 36 15/10 for near delivery.
The New York-London cross-rate was higher at 4121.
With the exception of the Shang hai rate which was unchanged at 100) and the Bangkok rate which was put down to 133, other rates were put up followed by another rise at 12.40 p.m.-
Market
Steady at the opening but later firmed up owing to selling pressure on the part of speculators both here and in Shanghai..
Sterling.
There were sellers after the open;
eial activity, and with a vast poing at 1/5 6/32, buyers bidding pulation turning to industrialism, 1/5 7/32 but business was
Soun
he foresees the fiercest competi-arranged at 1/5 3/18 for near de- tion the world has ever seen and the greatest potential market."
livery followed by transactions at 1/6 7/32 for July, 1/5 June/July, 1/5 6/16 cash and 1/5 11/32 July. The market closed at lunch. time with sellers at 1/5 11/32 June-July, 1/5 August, buyers at 1/32 higher. respectively.
!
Gold Dollars.
--Iron and Gold.
Meantime, Mr.
Bain, with graphs and paragraphs, columns of figures, explanatory text and explanatory footnotes, pictures the industrial wealth of the Far East. And into that picture comes the Philippine Islands with their pos- Business was done early in the sible petroleum deposits, coal re-morning at 201 for near delivery serves, gold mines, gypsum occur- followed by transactions at 29 for rence, iron ore, lignite, mangan- cash, 30 June 30 3/16 July and 30 | ese, road material supply and July. The market closed at lunch
sulphur deposits.
time with sellers at 30 1/16 June and 30 3/16 July, buyers at 1/18 higher respectively,
Thus, in the course of his story he comes to the iron ore deposits
ia Mindanao.
The lateric iron ores of Suri- gao province occur near the 'sea and are strikingly similar to Ma yari ores in Cuba. They form a surface blanket of residual clay varying in thickness up to 60 and resting upon the parent rock The ore occurs over an area of 40 square miles and of this 28 square miles was sampled, 98 drill holes being put down.” --
Yen..
Merchants could have obtained 113 for near delivery.
Shanghai Dollars. Were quoted at 110 for near de livery.
Shanghai,
Firra. Sellers were indicated at 1/3 9/16 for near, buyers, at 1/32 Mr. June
Quoting other authorities, Bain concludes. that in this area a metric tonnage of 430,000,000 is.pos. sible, with about 375,000,000 tons contained in that part of the ore
thickness,” mantle which is 10 feet or more in
Bureau of Science.
IN THE AFTERNOON
The market was firm in the after- acon
Sterling,
Business was done at 1/3 13/32
13
president liners
8411 1,591,000 miles
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
To Seattle and Victoria.
Fortnightly sailings on Saturdays Pres, Cleveland.... Free, Taft...
Pres: Jefferson...nviron
****. Junesi July 8 ..July 22
via Panama Fortnightly sailings on Wednesdays Pres, Coolidge.........................................June 21 Fres, Jackson July 5 Pres, Hoover.
... July 19 ROUND TRIP FARES TO EUROPE & AMERICA, Special through rates to Europe via United States. Direct connections with all Atlantic lizes. Choice of rail lines SATOSH United States and Canada, liberal atop-over privileges for Sight-seeing. Full particulars apon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Ganoa, Marsailles, New York and Boston."
800.
Pres. Harrison
...............June 24
Free Hayes.........
TO MANILA
Next Sailing
Pres. Cleveland...
Pres. Harrison............
Pres. Jackson
Pros. Taft
July 8
„Pres. Coolidge June 13, 6 p.m.
Pres. Hayes... a satinuro nika July 8
..June 17.
June $4
.... June 7 July. 1
4
Pres. Hoover
Pres. Jefferson
Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PERDER BUILDING-HONGKONG..
CANTON BRANCH:—4, SHAKES ROAD.
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE.
M.S. "SELANDIA" Sailing on or about FOR LOS ANGELES, SAN FRANCISCO, 22nd JUNE
ETC. via SHANGHAI ...
CARGO AND PASSENGERS ACCEPTED FOR SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC. THROUGH HILLS OF LADING ISSUED TO OVERLAND POINTS.
Excellent Passenger Accommodation Passenger fare Hongkong/San Francisco GS120"(1st class only) For Freight and Passage, etc. please Apply to:
The East Asiatic Co., Ltd.
Agents:
for last week of June, June, 1/5JOHN MANNERS & CO., LTD. September and later 1/6 7/16 June.
At the close there were sellers at
When the Sudzuki Shoten of Kobe fell some years ago, it will be re- called, the Bank of Formosa was
He says that "knowledge of the obliged to take over 210,800 shares petroleum resources of the Philip- from this firm. The Teikoku Rayon pine Islands is contained mainly Co. is capitalised at Y21,000,000, the reports of the Philippine divided into 420,000 shares, and so Luzon, Leyte, Cebu, Mindanao 1/5 13/32 June, 1/8 7/18 July and the Bank has controlled the Com-and Panay have definite oil see- 1/5 15/32 August, buyers at 3/5 7/16 pany. The Department of Finance, pages and gas seepages," he says, for near. 1/6 16/32 July and 1/5 however, does not like to allow the
and oil shales occur in the other | Augast. Bank to intercet itself in indus- larger islands as well as in the trial enterprises.
many smaller islands.'
"
Of the 100.000 shares now sold 80,000 shares have gone to life in- surance companies and 20,000 to cotton traders in Osaka, In ac cordance with the arrangement made between the Bank of Formosa and these buyers, there will be no change in the directorate of the $13.80 Teikoku Rayon as a result of the 397 present transfer. It is learned that $1,60
the Teikoku Rayon Company, will increase its capital by 50 or 100 per cent. in the near future.
$271
$125
Amusements
$12
Ch. Etainments....
14
Constructions, (old)
$4.90
Lane Crawfords......
$21
Nauyang Tobacco...
$14
810
Watsons
32.10
Wm. Powells..................
$10
M. Greyhounds ..............!
$31
8. C. Enterprises
United Theatres.....)
70%.
B. Ind. G. Bonds... 73%
11.K. Gort, Loaun... $105
39
Wallace Harper......
China Sports Ltd...
$190
H.K Wing On ......
$199,
$155
S'hai Da
Asia Lands Limited
Gloucester Building Tel. 28980, 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 Dally Press
Canion Agents
John H. Ferguson & Co.
82, B. C. Shameen.
Tel 18624,
SUPPLIES CEASE ·
RESULT OF NEW MEASURE FOR RICE IN BANGKOK
하
*
new
Bangkok, June 2-Yesterday the Government introduced metric kwein for selling paddy and as a result not a single paddy boat arrived at any mill in Bangkok.
Coal Negligible,
Gold Dollars.
The market closed with sellers al 30 for near and 304 July, buyers probably at 1/10 higher respective ly
Shanghai.
Sellers were indicated at 1/2 for July, buyers probably at 1/16
He dismisses the Philippine coal industry as negligible.
"With a production of about 60,000 tons per year," he says, "the talands still import more than 500,000 tons annually from Japan, higher. China and Australia. That coal is present in beds of mineable thick. mess and of fair quality is evident, but the conditions under which it occurs, coupled with the political and industrish conditions in the Islands, make it impossible that any large low-cost mining in dustry will be established.”
Gold.
EXCHANGE
CLOSING QUOTATIONS
June 12, 1921 ON LONDON:
Telegraphic Transfer... Bank Bills, on demand 1.47 Bank Bills, 4 months'
sight... Crédits,
'4.. 'months' sight.
NEW YORK:
Bank Billa, on demand 2 re m Credits, 60 days' sight.. nom ON PARIS:
Bank Bills, on demand no Credita, 4 months' sights) Os INDIA
Telegraphic Transler... !Bank, on demand ...... ON SHANGHAI :- On Demand
The author reviews at some rength the gold mining industry, but his figures are not up-to-date." After stating that from 1907 10 ON 300 the gold output was valued at P22,044,614, be addr:
"For the last ten years it hae consistently amounted to more than 81,000,000 a year, but despite the success of the established mines Dealers feel upset at the change leaching mine is the Benguet near there has been no expansion. The but the authorities hope that when Baguio, on Luzon the new method of anle is under. stood, supplies at the mills will molybdenum, tungsten, chromite
silver. "Copper, lead, zinc, arrive normally.
platinum and manganese are all Meanwhile millers complain of known to occur but none has led difficulties and losses under the new to any significant mining develop-
ment save manganese and gold."
"H. Foster Bain was formerly chief of the United States, Bureau of Mines, and he has conducted extensive geological surveys in the Far East, Hence, his book deals extensively with the potentialities of Asia in terms of coal, iron pet- roleum and other mineral resOUT ces. Numerous maps and charts illustrate the text, ⠀
measure.
NEW INDUSTRIES IN
BRITAIN
pi
N. F. Drake, an American goo- logist, estimates China's probable. coal reserve at 996,612 million me
London, Since November, 1831, 354 new industries have been established in Great Britain by, or with the assistance of, foreign concerns, and it is anticipated by tric tons, Mr. Bain points out, the Board of Trade that the num-but adds "these igures are subject her of their employees, now about to reduction." Japan's reserve is 11,000, will increase to over 17,000, at mated at 8,051 million tons. when the factories are fully
ccupied.
ON KOBE Ow MANILA:
On demand
On demand
OF SINGAPORE: —
On demand OR BATAVIA ----
On demand ON SAIGON
On demand ON BANGKOK :-
The Chinese American Shipping
Company Agent: HONG SLING
Office: MERCANTILE BANK BUILDING (TOP FLOOR), 7, QUEEN's RD., CENTRAL, TELAYBONE: 24071.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28380-Gloucester Building, Room 308.
[REUTER'S AMERICAN SERVICE]
New York: June 10.
Dow Jones Averages: High-1932 · Low: June 9.. June 10
30 Industrials
20 .Rails
20 Utilities
40 Bonds
88,78
41.30
36.11
83.20
41.99 94.20
13.22 43.00
18.33 34.51
Chaogo
94.42
.13 up
42.98
.02 down
35.36
85 up
-35.78 84.64 -84.18 .18 down
Aala Lands, Limited, has 'received the following report from their New
York correspondenta, E. A. Fierce & Co. We think that small irregu laritjes did not signify much. We would look for strength rather than weakness in the early part of next week. Wheat: The crop report is construed as slightly bullish. Eastern buying sbsorbed the heavy profit-taking. The strength of the other markets, higher Sterling and Diluential Cotton Trade and speculative buying lent a strong tone bat heavy realising caused remations from the high levels reached. Wash ington developments have been the chief incentive. Silver: The small gains have been well maintained until the market closed. Commission Houses have been the principal buyers, making commitments on near by positions for transfer porward. Business Done: 2,790,000 shares..
+1912
Drv. Hor Low PER S...
OGL 30
LAST SALE June 9. June 10.
117
1088
927 921
2.00 Air Reduction
84
424
0.00 Allied, Chemical & Dye
119
292
4.00 American Dan
30
American Smelting
38
26
1379
6.00 American Tel & Tel.
5.00 American TobaccoƑ”
03
14
10%
Anaconda Copper Mining
174
17
1811
2:00 Auburn
43
1.60 Borden Company.
¡20
Canadian Pacino
15
59 nom
JRL Cast
thin
695
On demand BOVEREIGNs, Bank Buying
Fate BAB SILVER, per on 19 5/16
2.00. Chase, National Bank
3:00 Chrysler Motors...
813 4.00 Consolidated Gas of NL
HY
109
30) bid 35) bid
24)
68
23
3.00 Drugs, Inc.
572
59
22
133
e
2.00. Du Pont de Nemours 3.00 Eastman Kodak y 6% ́s. Electric Bond & Share
-708
78
814
0.40 General Electric .............................
1/68
40
19
218 7
211
* 103
10%
100
7:00
15
802
372
1.00
2.80%
reach a possible 772,000,000 tons, he states, while Japan's reservĖS are placed at 56,000,000 tons.
The book bristles with statistien China's resources in iron may from cover to cover, and it should Continued at foot of next Column] 'te a valuable asset in any library
2.00 General Foodi Mi $1.00 General Motors Ad
1. Gillette Safety YES.
0.00 International Harvest
International Tel
4.00. Liggets & 2