DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE.
SHAREBROKERS'
ASSOCIATION.
Poytro Ballers
Batou. NominaŽ
FRIDAY. JUNE 30.
Buyer Ballore
Baler Nomina
Banka
H.K. Banksi Do. (London) Chartered Banks.... Mercantile Bks. "A"
***
$1,770)
01,770
£130 E14
624
EOT 1
Do.
$984
Bank of East Asia...
$101
N, J. & S. Barks ....
$7.20
820
Am. O. Fin. Corp: 8.
IM
14
+
10.40 Ch Fin. Corp. Orl. 8. ខ្ទីង (X
Do Pref. 8
Insurances
$310
$30,31
Canton InsurANLOS.....
32.40
Underwriters
$535
Union Insurancse .......
1625
$595
China Fires
$270
H.K. Fires
***
$41 International Asse. 9.
Shipping
$12.80 Douglases.
$18
Steamboats..................
Indos (pref.) Den
Do. (def.)
Shells.
Waterboats
Mining
$30
$33, 1
139
$16
*****
! ! ! ! ! ! ! ⠀⠀
HONG KONG DAILY PRESS, SATURDAY, JULY 1, 1933
MONEY AND
$1,750
HONG KONG STOCK MARKET
213)
£94 291
K
$995 $2.40
$690 $950
$34
SIN
$30
$30
487.
$16
$33
Bengueta......
$5
Venezuela Gold Flda.
$344
$4.80
Kailans
32/6
25/
$10
Langkats (single) 8.
13
Explorations...
$17
15;
Shanghai Loank..
ચ
36
89.90
Raubs.
$9.80
12/
Tronoli Mines ......
Benguet Explorations
28 st. Docks, Wharves,
Godowna, sto.
3128 H.K. & K. Wharvas.) $128
(new) ...{ $140
Providente (old) ....
11.45
Do..
$10
H.E&W. Docka
$10
$8
S. China Motors' A
De.
"B"
$149 Shanghai Docka S. JA
New Engineerings.
Hongkowa .............
$7.20 8701
$32 Shanghai Lands...8..
Hamphreys
Do. "B" 15.
Chinese Estates......
YESTERDAY'S OFFICIAL
QUOTATIONS
The first two days of the past weeks were mainly occupied with the adjustment of accounts, which took place on Tuesday the 27th inst. Consequently, there was very little fresh business until after the final adjustment.
Since then, however, the list generally has displayed an upward tendency, and although the volume of trading in this period cannot be said to have been large, rates close at their best.
MARKETS
THE EXCHANGE MARKET
MÉSSŔS. ROZA BROS.. REPORT
Messrs. Roza Bros. have for- warded us the following_exchange market report for yesterday:-
day for both doliveries, quotation's Silver prices dropped 9/10 'yeater-
Forward, The drop was attributed boing 18 for Ready and 18 for to American speculators having sold. Subsequently bought. At the close, business was speculators reported at over the quoted rates. In America the rate dropped to
New York
U.S. INVESTMENT NEWS
From Asia Lands, Limited
13
SUMMER EXCURSION
HONGKONG TO
Kobe and Return
HK$225
Yokohama and Return HK$255
CHASE NATIONAL BANKS Tickets On Sale at above Rates
On May 18 stockholders approved tors, liquidation of the Chase a reduction in the number of divec-: Harris Forbes Companies, change
until limit SEPTEMBER 15th.
of name of the afflinte (which will Return Limit 3 Months but in No
lic) to Chase Corp., and reduction no longer sell securities to the pub- in the par value of the latter's
As was pointed out in one of 30 for advice reported the stock from 85 to 81 a share. It
опо
these recent Summaries, the weak spot in the market
were opening rate at 4.10 and the clos Cements, which started at $7.-ing rate at 4.96 The highest rate early in the week and declined to was 4.414 and the lowest 494). The as low as 88.20, though a shade market was demoralized. batter at the final call.
BUSINESS DONE DURING
THE WEEK,
Hong Kong Banks, 81,760 81,770 Canton Insurancés, $310 8300 8532
$310
Union Insurances, $525 $330
Raube, $10
Benguet Explorations, 23 cents. Wharves, 8129/130
3540
Venz: Goldfields, 85
#3,56
$17
18
Hotels, 87.15 87.10 87.50
18
871
$149
Lande, 877 8701 877
**
H
S'hai Cotton.......S.
$144 Zoong Sings. S $98 Wing On Textiles(8.) 398
87.13
Realties, 88 87.80 87.85 Tramways, 821.80 $21.85 #22 $21.05
$22/22.05
**
Ewo Cottons, Sh.814.70
CHANGES (3.16 p.m.) CLOSING
QUOTATIONS.
Cements (Combined), 80.35 Ewo Cottona, Sh. 8144
Sellers,
Market,
Steady but quiet,
Sterling.
was stated that after eliminating all elements of goodwill from the affiliates' assets, and adjusting the latter to current market prices or: conservative valuations, the net worth of the Chase Corp. was ap- proximately 814,500,000. This total is somewhat less thane per share on the bank stock and compares with 87.43 per share indicated on December 31, 1932. It was stated that the bank has about $60,000,000 invested in Germany against which no reserve has been set "ap. Jenis support to
This
that the 835.30
the expectation per share book value of the bank indicated on March 30, 1923, may be materially reduced by later, charge-off. Anti- cipation of further write-offs and a reduction in the dividend rate may well have a depressing near term effect on this issue, but where in- termediate fluctuations can be dis regarded, continued retention of Were quoted at 1113 for near de- moderate long term commitments is livery.
Business was done during the course of the morning at 1/4 for July, 1/4 29/32 August followed Iter by a small transaction at-1/4 31/38 September, 1/4 15/18 August and 1/31/32 December. The mar ket closed with sellers at 1/4 29/39 June/July, 1/4 15/16 August, and 1/431/32 September, buyers bid ding 1/32 higher respectively.
Gold Dollars. Nothing doing. There were sel lers at 30 for near, buyers probably at 301 for cash.
Yan.
Shanghai Dollars.
warranted.
Were quoted at 11 for near de- | COLUMBIA GAS & ELECTRIC livery.
Shanghai,
CORP.
Steady. Sellers were indicated
Considering the state of general at 1/3 for near, buyers at 1/35/16 business, the decline in earnings in July.
the year ended March 31, 1933, to IN THE AFTERNOON.
80.80 a common share, from $1.21 The market was a shade steadier in the preceding twelve months, in the afternoon.
was relatively moderate. Although Sterling.
the March earnings statement was Business was done at 1/4 15/16 financial condition, it is quite like- accompanied by no report of the August and second half July, finish-ly that hand loans have been fur- ing with sellers at 1/4 15/18 July ther reduced from the $15,000,000 and probably 1/4 31/32 August, level reported as of the middle of buyers at 1/32 higher respectively. March. The company is in position
Gold Dollars.
The market closed with sellers at 303/16 for July, buyers at 305/16 July.
Shanghai.
Sellers were indicated at 1/31 for near, buyers probably at 1/18 high-
er.
F331
Landi, Hotels, and
Buildings
H.K. Hotele
17.50
$71
China Lights (Old), 813.30 813 Electrics, 8731
H.K Lands.....,8.] *7+)..
Telephones, 829.50 8291 829.80
$30
$14
Metropolitan Lands..
Cements (Combined), 87 881 26.45
H.K. Realties.
$8.20 88.40
$144
China Do
..S.
$137
Do. Debentures3,
$14
$14
Dairy Farms, $28 $28.90 $828.30 Lane, Crawfords, 84.55 84.60 Govt. Loans, 31
рег
$140
Asin Realtics "A"5.
cent.
Premium.
320
Sh.
$17
$14.00
Cotton Milla
324.70
$14.90
Ewos
8. $14.70
$15
$109
.107
8111
Buyers.
Public Utilities
Raubs, 810.
$21 85
21.95/(22
Tramways ****
$11.95
Star Ferries, 2021
$15
Posk Trains (old)...
115
Do. (new)...
Star Ferries
......... 192
$28
Yaumati Ferries
$261
Tramways, 822.20
$13
China Lighte (old)... 13.15
Bales
2121
Do.
(now)...
$121
Union Insurances, $540
$730
H.K. Electrica ..............
2731
Wharves, 8120/130
$93
Macao do.
"Tramways, 822/12.05
$104
Bandakan Lights ...
$30
$30
Telephones............ 201
Govt. Loans, 34 per cent Prem
8112
China Buses.....B.
I/
Tractiona
13'
Do. (pref.).
$15
Malabon Sugars
320
Caldbeck, Yord.) 8.
310
Macgregor pref.)8.
56
Canton Ives
(6.30
36.40
Cements (comb...
18.45 3/8|40.
16
Do.
$1
Do.
(old) (new)...
RUGBY, June 20.
Paris
66
$9
Ropes
New York
4.201
Kiscellaneous
Montreal
4.00
Brussela
24.15
2:,20-30
$281
#1
Der A Wing........................
Geneva
17.52
(18)
Amusementa
812
Ch. Etainment.......
$121 $111
Amsterdam
8.41
€41
$3.90
Constructions, (old)}
$4
14.29
Th
$1
Da,
(new)
$4.50
Lane Crawfords....
.90 cta. $4.40
19.42
22.42
$21
Mackintoahs
quater
Oslo
-19.00
Nanyang Tobacco...
Vienna
31 nom.
-:}gyz
$14
Sinceres
$13.80
Athens
500
ON SHANGHAI:---`
$10
Watsons
592
Prague
雞特
On Demand
110
$2,10
Wm. Powella
$1.50
Bucharest
3724
ON KOLT:-
$10
M. Greyhounds ................
Madrid
40 13/32
On demand
1001
$31
1. C. Enterprises
United Theatres ..... 8.
77%
B. Ind. G. Bonds... 77/
pren.
HLE. Gort, Loans... $103
$8
Wallace Harper......
$185
H.K Wing On ... B'hid
Do
$166
***
$881
141
AM
Industrials
Dairy Farms...........
China Sports Ltd ....
CAL
--LOCAL AND REGULAR OUTWARD MAILS.
$18
LONDON EXCHANGE
RATES
(BRITISH, WIRELESS BERVICE.]
Milan Berlin Stockholm Copenhagen
Lisbon
Belgrade
Helsingfors
Rio
$190
Buenos Aires Montevideo Bombay
Shanghai
Hong Kong
Yokohama
110
126)
250
48 nom 414 0.R.-
34 nom.
1/8.1/16 1/33/32 1/4 13/16
·EXCHANGE ·
CLOSING QUOTATIONS
June 30, 1023.
IN LONDON, -,
Telegraphic Transfer... | Bank Bills, on demand 1/4 Bank Bills, 4 months'
sight...
Credits,
sight
4.- months
ON NEW YORK:-
*
||
Bank Billa, on demand 29 nem Credits, 60 days! sight.. nom.
ON PARIS:
Bank Bills, on demand 685 Credits, 4 months' sight (35)
OF INDIA :-
Telegraphic Transier... Bank, on demand
ON MANILA:
On demand
ON SINGAPOáz:-
On demand ON BATAVIA 3—
*On demand
On demand
ON SAIGON:
ON BANGKOK:—
On demand
SOVERSIONS, BankTM Buying
Rate.......
BAR SILVER, per of
EO
reap prompt and substantial profit from industrial revival, The term speculative marked longer possibilities of the common shares justify moderate new purchases.
DRUG INC.
Earnings for the three months ended March 31, 1933, were equal to 80.99 a share, a decline of 20 per cent. from those of the comparable 1032 period. Returns for the re- mainder of the year, however, should make Д more favourable comparison. Bankruptcy of the Liggett stores and the improved position of United Drug should eliminate substantial parent tom- pany losses, and full year profits of Drug. Inc., should be slightly greater than those of 1932.
GENERAL AMERICAN TRANSPORTATION CORP.
Reflecting a further decline in the general level of business ac- tivity, net income of $295,000, or 0.40 a share, in the first quarter this year was
some 884,000-below the figure for the corresponding 1932 period. Earnings in the second quarter, it is now anticipat- ed, will show marked improve. 58) nom ment, as a result of the increased
utilization of refrigerator cars in, the handling of beer. The company enjoys a number of satisfactory contracts from large mid-west breweries and it is expected that revenues from this source will con tioue at a satisfactory rate. The demand for additional tanık cars in the East Texas oil fields and the recent expansion in railroad traffic are further encouraging factors at this time. This issue, remains at tractive for the gradual extension of long term holding,
Бо
591
135
Asia Lands Limited
1/31/32
WEEK DAYS.
Fol
Fron 6.2.0.
FROM SKEUNGWAN BRANCH P.O,
Frok 4.2.0.
SUNDAYS & HOLIDAYÁ
FROK
BRANOK
Silver (Spot)
18
Silver (Forward)
18+
War Loan 2 per cent, 11/16
(By]
*** | 6.130 par.
4.00 p.m.
+ 7.16 nm, & ( 7.00 am,
17.00 p
4.00 p.m.
11.80p.m
(7,35 mm. &} 1 7,00 am, á {6.00 pm
17.00p.m.
9,003 1.00 puttle
[8,35 mm. de) (6.40 xžní A
2.15
1.80 p 1. Bandaya
Sundays 8.15.
8,30 only
Lonly
5.00 p.
6.00 p.ta
5.00 p.
6.00
Pottle
6.00 p.
6.00 p
Canton
Bamahal and Woɛbow (By'
direct steamar)
Macs & Tonaban
Kongmoon (except Exterdays)
Exukong (except Saturdays)|
Fatsham and Wuchow (By)
Triin)
Tai Po
Cheungchow
(7,15 mm. & § 7,50 KM) {1.15 p.m.
7.15 0.
1.00 p.
N
1.15 am.
11.00
9,00 1.30.
í 9,00 a.mm, d
↑ 3,00 p
9,00 a.m. &
11.00
8,00 p 1.00p.m. &
3,00 P
800.
1
Aberdeen
Branley ***
12.80p. 8.30,
Pingaban, Santin
Bhalakok and Shen
8,00 pm
Balkung ....
'Fantas. Blekk k
هم
11,00 &5,00 pm
8,00) 1,10 11.00 8.20.150»*
·10,30 K.Jz11.
10,80 #1
7:00 p.
7:00 pm.
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 Agenta
John H. Ferguson & Co.
32, B. O. Shameen.
*18824.
UNITED FRUIT CO, The strictly long term prospects of the company. are definitely favourable, and some improvement may be registered may be register- ed in the near future. However, while the possibility of mainten ance of the present #2 dividend has been eribaabed, earnings recovery from the low levels recently re- corded probably will be slow. At current prices this stock generously discounts earnings prospects some time ahead. Accordingly, it is now advised that holdings be switched into more reasonably valued media, WESTINGHOUSE ELECTRIC & MFG. CO.
A lose of 88,491,572 was incurred in the initial 1933 quarter, against
1,320,148, deficit in the corre sponding 1932 period. Payments on the preferred stock, have been declared for the full year 1933 with the offering to stock-holders of one- half share of Radio Corporation common or $3.50 in cash.
Case beyond OCTOBER 31st.
STOPOVERS ALLOWED AT ANY PORT OF CALL WITHIN LIMIT OF TICKETS.
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING-HONGKONG.
CANTON BRANCH:-4, SHAKES, ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28380-Gloucester Building, Room 308.
[REUTER'S AMERICAN SERVICE]
Now York June 20. Dow Jones Average:
30 Industrials 20. Rails
20 Utilities
40 Bonds
High-1835 98:40.
45.40
36.11 85.51
Low! June 28. June 29. Change 41.22 07.74-98.99.75 down 13.28-47.19 46.95.24, down
18.53 34.89 34.25.64 down -€5.78 · 85:94
86.08.14 up
Asia Lands, Limited, has received the following report from their New York correspondenta, E A. Pierce & Co. The wide factuation in Steri- ing and the conflicting reports from the Economic Conference have undoubtedly made traders more cautious, though it is difficult to ex plain what they fear in the way of the international situation. The sharp break in Wheat also injected a note of caution and opinions on the
e Stock Exchange are very much mixed. Wheat: Realising, influenc ed by beneficial rains in Canada and the North West, caused early weakness, but later reports that the rainfall was insufficient brought short covering and now speculative buying. Cotton: This marked is hesitating, pending the outcome of the screage abandonment campaign. Selling on the weakness of Sterling found demand lighter. There are no rains in the West. Silver: General liquidation-induced a break in Sterling Business Done: 4,590,000 shares..
Div. 8.
HIGH LowPzR. SH.
3.0) Air Reduction..... 6.00--Allied Chemical & Dye...
+88
1939
*.872
301
LAST SALE June 28. Jaze 29.
$89 800%
1217
42+
-115 * 1148
298
95
4.00. American Can.........
no1
386
51
American Smelting,
33.
331
137%
70+
5.00 American Tel & To
1262
126
92
44
6.00 American Tobacco.
001
B01
40
# 11
1.00 American Waterworks
37
361
3
198
Anaconda Copper Mining
18
...161
28) $2.00 Auburn up.
63
JJ
187
... 44
Bendix Aviation
181
18
1.60 Borden Company
43
71
Canadian Pacific
201
.92.
101
J. I. Case
23
4#
0.30 Caterpillar Co...
473
17#
2.00 Chass National Bank
+287 bid 28 bid
331
5
1.00 Chrysler Motors
31
334
31
3.40 Consolidated Gas of N.Y, ...
58
571
Curtiss Wright.
*31*
#
58.
3.00 Drugs, Inc. ...
61)
.831
22
2.00 Du Pont de Nemours,
772
87%.
·36
3.00 Eastman Kodak
-321
81
Electric Auto-Lite Co:
824899
5
6%.s. Electric, Bond & Share
48 16
23.
B
Electric Power and Light!! **15) 0.40 General Electric
"127"
24
281
198
1.60 General Foods
371
377
401
201
78
1.00 General Motors
201
108
1.
Gillette: Balety.
18
1.20 Gold Dust.
24
41A
10%
0.00 International Harvester
7.00
(Preferred): 112 bid 113.
184 18
34
934
92
047
for
64)
30
of
-International Tel. & Teal..............
4,00 Liggett &: Myeza “B” ...vie 1.00 Loew's Inc. ...
Montgomery Ward
2,80 National Biscuit
100 National City Bank 1.20 National Dairy Products 0.60 Otis, Elevator bi
· 2,00 Pacífio Gas & Electrio
Packard Motors
0.50 Pennsylvania Railway
Radio Corpn.·*... Sears, Boobuck
1.00 Standard Brands
'Standard Gas. 1.00 Standard Oil Co,
Jersey hater Socony-Vacuum Corph. 1.00 Texas Corporation Trans-America
1.00 Union Carbide & Carbon
8.00 Union Pacife.
United Air and Transport... 0.40 United Corporation
United States Steel
Westinghouse E. 2 1
90