DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
SHAREBROKERS'
ASSOCIATION.
FRIDAY,
Buyers Baller Daina Nomfeat
Boytes
Bellam
Sales Nomina
JULY 7.
Banks
$1,795) $1.816 1,800/1,810
$101
8 : : . . . . .⠀⠀
! ! ! ! ! ⠀ ⠀⠀
L
H.K. Banks *****
Do.
Bank of Esat Aria... $101
$200
$1,795
2134
Do. (London).....!
£15
Chartered Banka....
ERAL
Mercantile Bks. "A"!
£131 £24
"C"
N. C. & S. Barka...
$7.20
#20
Am. O. Fin. Corp: 8.
•
$5.40
Ch Fix.Corp. Ord. S.
--
25.00
Do Prof.-8
*
Insurances
1312
Canton InsurancƏR... $310.
$2,40
Underwriters.....
$2.40
$570 $580
Union Insurances ........
Into
*696
China Fires.................
$500
$270
H.K. Fires...
Shipping
$32,50 Douglases
18
Steamboats
730
indos (pre)
132
Do. def.)......
[ex div. s
Shells
316
Waterboats
Mining
$33
Benguets
Venezuela Gold Fids.j
$4.80
Kailans
33/9
8174
Langhata (single) S.
25/ 817
13)
$4
$4 International Assee, S.
MAL
$130
$2.46
$1,45
$10
S. China MotorsʻA'
$149
BA
$10
$8.40
Explorations...... Shanghai Loars.
Raabe
Tronoh Mines ..... 28 el Benguet Explorations!
Docks, Wharvės,
4331
Godowns, etc.
H.K. & K. Wharven.
Providents (ökl)....
Do. (new) $140
II.K. & W. Docks
~· Do.. Shanghai Docks 8. New Engineerings.
Hongket Lands, Hotels, and
Buildings
H.K. Hotels
H.K Lands....8.] *70
Shanghai Lands......
Metropolitan Lands..
H.K. Bealties... 1790
$7.4% 87011
#5/610)
401
Humphreys
8144 Zoong Singa S. 808
301/30.30 Talephones.................
$3.98
⠀⠀ E
$34
$18
$30
830
481.
$16
$341
46
$9.80 12/
$120
HONG KONG DAILY PRESS, SATURDAY, JULY 8, 1933
MONEY AND MARKETS:
HONG KONG STOCK MARKET
WEEKLY REPORT
THE EXCHANGE MARKET
MESSRS. ROZA BROS.,
REPORT
During the course of the past week, the demand for investment securities continued unabated, the Messrs. Roza Bros., have for undermentioned issues being specixarded as the following Exchange ally favoured, namely; Hongkong Market Report for yesterday":" Banks, Unions, Canton Insurances, Silver prices reacted yesterday Lands, Trams, Electrics and Tele- to the extent of 1/2 for Ready and phopes. All of these close higher 7/16 for Forward, the quotations on the week.
beings 18 7/10 for Ready and 18 9/16 for Forward Silver advices attributed the drop to American speculators having sold. India and ether speculators bought. The tone at the close was uncertain. America the rute me 3/4 to 37 for Sport. The tone was strong.
New York advices reported the opening rate at 4.50 1/2 and the closing rate at 4.56. The highest tate was 4.37 and the lowest rate 4.46. The market was erratic.
The movement in Cements and Hotels in the period under review was uncertain and irregular. the firmness shown one day being sue. ceeded by an easier tendency the next. Nevertheless, the closing rates for both are better than at the opening,
Reminder.
Holders of Hongkong Govern. ment 6% Public Works Loan 1927, intending to convert their holdings into the 4% Public Works Redemp- tion Loan 1953, are reminded that, notice of their intention, must be handed in, together with thern Honda, to the Hongkong and Shanghai Ranking Corporation, on of before the 11th inst. Forme for the purpose are obtainable at the
Bank,
Business Dove During the Week.
Hongkong Banks, 1,775, 81,772,
$1,785, 81,800, 81,810, 81,825. Banks of East Asia, $101, 8102 Canton Insurances, $310. Toon Tusurances, 8540, $360. H.K. Fires. $270.
$17
38
76
$149
371
Wharves, $120), $130,
444
Hotels, $7.35, 87.55.
37.65/17 80
Lands, 877, 876), $76.80. Humphreys, $14.10.
Realties, 87.80, $8.00, 88,10, Tramways, 822, $22.05, 822.20. China Lights (Old), $13). Electrics, $73.65,
Telephones, 830, $301, 830.30. Cements (Combined), 861.
18,
314
Dairy Farme, $28.40.
Lane, Crawfords, $45.
Govt, Lenna. 31% prem,
Langkata (Single),
Sh. $16,40,
Sh. $16.50.
Shanghai Loans, Sh. $6.15.
CHANGES (3.15. P.M.) CLOSING QUOTATIONS. Buyers.
Hongkong Banks, 81,810, H.K. Fire Insurances, 8268. Hongkong Lands, $77.
Sales.
Hongkong Banks, 81.810, 81.895. China Lights (Old), 2133.
$30
SUGAR FROM WOOD
PROFESSOR HAEGGLUNG'S
"PROCESS
$323
$14
ફાર્ય
Chius Do
***
3137
Do. DebenturesS.
$14
$140
Asia Realtion "A"S.
320
Do.
"B"
37
Chinesa Estates......
Cotton Mille
$15
Exos............
$10
$100
S'hai Coltons......S.
107
Wing On Textiles(S.)
8146 $98
Public Utilities
$2.10
$22.201
Tramways
$20
$151
Posk Trame (old).
$15
#73
Da. (new)...
$78
-8121
Star Ferries
......... $93
China Lights (Old). $13). Ewo Cottone. Sh, $15.20.
$27
Yaumati Ferries
$281
$13.15
Chins Lights (old)... 313.
$12"
Do. (new)...
| $121|
3734
373.65
H.K. Electrica...... £73
193
Macao do
110
Sandakan Liglite...
3301
8111
China Buses.......
Tractions
13'-
Do. (pref.).
Industrials
SI5
Malabon Sugars
$15
320
Caldbeck, Word.) 8.
$16
Macgregors (pref.38.
$6
Canton Ives
****
$6
381
Cements (comb.)...
76
Do.
(old)...
$1
Do.
(NOW)...
$0.75
$51 $1}
$8
Ropes
$9:
$28,10 $24.40
Dairy Farro
#1
Der A Wings.........
$18)
Amusementa
$11
Ch. Etainments.....
13.90
$1
Do.
(new)
$4.50
Lane Crawfords......
44.40
$21
Mackintosh in
Nanyang Tobacco...
18438
314
Sinceres
Watsons
$2.19
Wm. Powells.
$1.60
$10
M. Greyhounds......
$31
8. C. Enterprises...
$2
$4
United Theatrom...B.
77%,
B. Ind. G. Bonds... 78%
prem
H.K. Gort, Loans...
48
Wallace Harper......
China Sports Ltd...
$188
H.K Wing On
B'ha
Do
Miscellaneous
********$222.16
Constructions, (old)
||
ادمة
$12.00
#11
New York, June 29. Sugar magnates in New York were none too pleased to-day with a Hat announcement from the Ameri- can Chemical Society that sugar can be made from wood and made so cheaply that the discoverer of the process, Professor Erik Haeg glung, of Sweeden, has offered to make a million tons of it annually at a remarkably low price.
According to the Society's an- nouncement, the discoverer offers to produce from 100 kilogrammes of wood, sixty kilogrammes of good sugar and four to six kilogrammes of acetic acid."
31
Market,
Ia
Opened stendy but subsequently firmed up owing to selling pressure the part of the speculators both here and in Shanghai.
Sterling.
Business was done shortly after the opening at 1/4 7/23 for near followed later by transactions at 1/4.7/8 for August delivery. The market closed at lunch time with sellers at 1/4 7/32 July/August and 1/4 7/8 September, buyers at 1/39 higher respectively.
Gold Dollars.
The market opened with sellers at 311, huyers bidding 311. Subse quently the selling rate rose to 31 for near resulting in business later. at 32 for August delivery. The market closed at, lunch time with sellers at 31% for near and 31 1/16 August, buyers at 32 for near and 32 3/16 August.
Yen.
SOUND MONEY
INFLATION AND SILVER
one
LONDON, June 15. (The following letter was sent to The Times, following the appear. ance of the article on bi-metallism, reproduced in our issue, of yester day... The author, Sir H. W. A. Deterding, is authorities on the subject.)
of leading
The distinguished economist writes:
Nothing has pleased and struck me mere in the last 20 years than the article on bi-netallism in. The Times of to-day, if it were only for the phrase:-
"
"For it is not to be supposed that the world will endure for ever the eramping of its" commerce and industry through the medium of exchange being tied to a single metal."
As regards infintion, which is the terrible defence of monometallists against silver may I ask, Is the artificial restriction in the deraand for silver by reducing by about 40 of the realin not inflation with a per cont: the silver in the silver coin vengeance? And if-as in so many other countries-such silver is used notes, is it not the most. terrible as "metallic" reserve against bank
inflation t
Holland and Switzerland, those homes of the gold currency, have both sinned in the above respect by their silver coin from 900 to 720- respectively reducing the fineness in and reducing the size of their silver coins by half. The latter attempt at inflation is more straightforward, it maintains the real silver contents so that everybody knows what has been done.
16
May I, in conclusion, draw to the Merchants were quoted at 119 for mono- or bi-metallista (and ask attention of all those interested in near delivery."
Shanghai Dollars. Were quoted at 111. Sterling. Stendy. Sellers were indicated at 134 for near, buyers probably at 1/3 3/16 for ensh.'
.
IN THE AFTERNOON The market was firm in the after.
noon,
Sterling.
Business was reported at 1/4 7/8 for near and 1/4 29/32 August. Towards the close 1/4 15/10 was ar- ranged for August as well as for cash. The market closed with sel- lera
them to read) the book by Sir. Robert P. Edgcumbe published in 1898, called "Popular Fallacies regarding Bi-metallism," wherein the fallacies regarding bi-metalliam are so brilliantly exposed? Hi grandson sent me some months ago a copy of this rare book showing how Sir Robert almost anticipated what would happen now.
The present system will no doubt be changed, because, if not, we shall have a Bolshevism in money the end of which cannot be doubtful, as it is the main cause of the crisis in industry and trade.
Yours truly, at 1/4 29/32 July, 1/4 15/18
-H. W. A DETERDING. August" and, 1/4 31/32 September. St. Helens Court, Great St. Helens, buyers at 1/4 31/32 for near, 1/5
E.C.3, June 19 August and 1/5 1/32 September.
Gald Dollars. Strong. Business was done at 32 7/16 for August delivery. The market elosed with sellers at 32 for cash and 32 7/16 August, buyers at 1/8 higher respectively..
Shanghai,
SILVER MARKET FOR JAPAN
Firm. Sellere were indicated at PLAN BEING SUBMITTED TO 1/3 a/le for near, buyers at 1/8 higher.
RUBBER EXPERTS IN LONDON
RESTRICTION PROPOSALS
MAY BE DISCUSSED ・・
London, June 30. restriction proposals
Rubber
GOVERNMENT ¦.
Tokyo, June 99. The establishment of a silver market in Japan will materialice ahortly. In view of the present economie situation, Mr. Kinkichi Yamazaki, a member of the Upper House, and other financial leaders strongly advocate the inauguration. of a silver market similar to the London market.
A tangible measure for the plan
The process is described as sim ple and consists of a special treat- 313.80ment of the wood with concentrated lead an additional interest to the
hydrocheoric acid.
arrival at Croydon by air this Sagar producers and refiners evening of the Netherlands rubber here, while viewing the announce- experts, Van Leeuwen and Van was proposed by the advocates and ment seriously, said it was notice. Enthoven. able that the actual quality of the In ag interview with Reuter,ment of Commerce and Industry. sugar was not described. They re- they said that they intended to called that an American chemist stay a few days in Londen it will support the maintenance of had been able to produce, sugar
watch proceedings at the World from Douglas fir but that it was not of a quality that could be sold Dr. Colijn, the Netherlands Pre- in competition with cane, or beet mier, and find out what the Nether- sugar. They were also inclined to lands delegates at the Conference doubt that the sugar could be made were doing. They also expressed in such great quantities on a com- mercial basis.
1:0190
Asia Lands Limited
Gloucester Building
Tel. 28380
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Tel. 18624.
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N
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13
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To San Francisco, Los Angeles & New York
via Panama
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Victoria
Fortnightly sailings on Wednesdays · Fortnightly sailings on Saturdays. Pres. Hoover July 18, Midnight Pres. Jefferson... July 21, Midnight Prea, Grant Aug. 2 Pres. Cleveland
...Aug. 11 Pres. Coolidg...Aug. 16 Pres. Jackson............Aug. 25 Pras MoKinley Aug. 30
Pres. Jefferson.....Sept. 8 Pres. Hoover... Sept. 13 Pres. Cleveland............. Sept. 30
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Pres. Bayes......July 8 Pres. Pierce... Fres, Monroe ........
Pres. Van Buren.
Aug. 19
July 22
Pres. Garfield
Sept. 2
Aug. 5
TO
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Prea. Hoover Pres. Jefferson Pres. Pierce
Pres, Grant...
MANILA
Pres. Hayes July 8,8 a.m.
July 11 ..July 13
Free. Montoo..
Pres. Cleveland.
Ang. Ang. 5
....July 22 ....July 25
Pres. Van Buren
Ang. 19
Connecting with 8.8. MAYON To CEHU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING-HONGKONG
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NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG.)
Tel. 28380-Gloucester Building, Room 306.
(REUTER'S AMERICAN SERVICU),
New York: July 6. Dow Jones Averages:
30 Industrials
20 Rail.
20 Utilities
40 Bonds
Low: July 5, July & Change
104.00 2.24 up 66.38 2.02 130
High-1833
100.92
41.22 102.74
49.78
13.22 5436
37,50
10.03 35.66
66.40
.06.78 80.73
36.52
87.31
.86 up
.38 up
Asia Lands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. According to London dispat- ches the Economic Conference will continue. We do not believe that the Stock Market cares much whether it adjourns or continues. It is not possible at this time to make any reasonable prediction how far or high industrials or rails are going before encountering any real reac tion. Domestic business news continues to be most encouraging. Stories from Washington effect that the next Administration monotaay move may be a cat in the Gold contents of the Dollar naturally stirred speculative imagination and strengthened a desire to buy equities to off-set inflation and the chespining Dollar. Wheat: Trading has been smaller and mostly professional and the outside trade has been good. There are rains in North Dakota but crop news does not improve, the late rally being mainly due to covering operations on a somewhat sold- out market. The weather has been favourable. Silver: Advance in near delivery at the close was largely due to the reported continuance of the London Conference. Generally quiet, Business Done: 6,540,000 shares.
409
791
KB.
183
311 32 18171
424 442
1932
HIGH
DIV, $ Low PEE Sa.
LAST SALE
July 5,
July 6.
: 82
301
3.00 Air Reduction
8031 $931
1291
J
42
0.00 Allied Chemical & Dye
1201 130
95$
299
4.00 American Can
034 951
366
38
American Smelting...
37
37
137
•705
9.00 American Tel- & Tel.......
130
132
да
44
5.00 American Tobacco "B"
01
031
11,
1.00 American Waterwork
38
30%
10#
3
Anaconda Copper Mining
19
10
1512
283
2.00 Auburn ACAD
89)
6B2
10
41
Bendix Aviation .....
10
201
18
1.60 Borden Company
33
200
7
Canadian Pacide
19
20
92
161
J. L Case
031 99
244
4
0.50 Caterpillar Co.
251
will be submitted to the Depart
47%
17
2.00 Chass National Bank
301*
338*
38
1.00 Chrysler Mators.
374
381
If the market should materialise,
URA
"3.40 Consolidated Gas of NY
58 60
to
silver prices of the American mar
3
-Curtiss Wright:
1338
81
23
3,00 Drugs, Inc.
57
Economic Conference and to visit
ket,
22
2.00 Du Pont de Nemours
831
87%
ав
3.00 Eastmani Hodake
EXCHANGE
324
8
Electric, Apto-Liter Co.
47
6% Electric Bond & Share
36
48
Electric Power and Light...
13)
13
CLOSING QUOTATIONS
18
201.
B4.
0.40 General Electric.
20
July 7, 1938.
401
198
1.60 General Foods
83
381
IN LONDON: —
30
7.
1.00 General Motors
Telegraphic. Transfer... Bank Bills, on deman Bank Bills, 4 months'
sight
241
101.
Cur Gillette Safety
24
B
1.20 Gold Dust.....
41
10%
0.00 International Harvester
7.00 €82
*(Ezeferred)
115
115
*/40
113
Credits, 4 months"
International Tel. & Tel....
901
201
199
sight
1/08
34
4.00 Liggett Myers "B
941 96
Sailing on or about
žist JULY
ON NEW YORK ———
-1.00 Loew's Io,"
377
Bank Billa, on demand.31) nom Credits, 60 days sight.. nom
34
Montgomery Ward
274
26
68
201
2,80, National Biscuit
587 88
OK PAR18:-
64)
18
1.00 National City Banking
881* "381
Bank Hills, on demand 585.
212
10%
1.20 National Dairy Products
241
24%
Credits, 4 months' sight 625
0
0.00 Otis Elevator
221
23
ON INDIA-
37
16
2.00 Pacific Gas & Electric ......
29
30
Telegraphio Transter..... }
Packard Motora
Bank, on demand
01).
0.50 Pennsylvania Railway......
37
ON SHANGHAI-
101
On Demand
571
44
O KO
26
20%
On demand.
110
34
ON MANILA:
-38
On demand............ 81%. 110m
1.00 Standard Oil Co. of New
Jorseyr
39), 401
ON SINGAPORE:-
14
151
On demand
59
1.00 Texas Corporation a
20%
281
OR BATAVIA:-
el Trans-America
8
On demand.ora vodenja qu
58.
497
1.00 Union Carbide & Carbon
43 44
ON SAIGON:-
6.00 Union Pacido
128 1311
On demand
352
371 30
ON BANGKOK :-
0.40 United Corporation
13
131
On demand
125
United States Steels:
SOVEREIGNS, Bank Buying
482
50
Rate****
1/65.
Bid.
.18-7/18
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MONTHLY CARGO AND PASSENGER SERVICE
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FOR MANILA
FOR SAN FRANCISCO, ETC. 30th JULY
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Bears Roebuck
1.00 Standard Brands
Standard Gas
Socony-Vacuum, Corp.......
United Air and Transport...
Westinghouse E.. &
25
261