DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE.
Buyers Balleen
SHAREBROKERS'
ASSOCIATION.
Kamina)
FRIDAY, JULY 21.
Sayers
31.8301
£133
824
$101
$20
Pre£. 8
Banks
H.K. Banks $1,BCO
Do. (London).•*|
Chartered Banks Mercantile Ban “A”
Do.
Bank of East Asia... $101
N. O. &B. Barkı' ... Am. O. Fin. Corp: B
$5,40 Ch Fin. Corp. Ord. 8. 35.00
Do
Insurances
Canton InsuraÈICOS .......... Underwritern
Union Insuran000 €550 China Firos.
H.K. Fires.**.****
$5.46 International Assce, S.
Shipping
$32.60 Douglases
4310
19:40
$565
7095
$105
***
***
H⠀
18
Steamboats
$30
Lados (pref.)
$324
Do. (def.)
$1/1011
Shell
$15
Waterboats
Mining
327)
Kailans
32/6 $18,
**
***
TIHEITBIL
****
Sales
H
+62
12.40
$369
HONG KONG DAILYMAN
PRESS SATURDAY, JULY 22, 1933
MONEY AND MARKETS
FORD MOTOR COMPANY
THE EXCHANGE. MARKET
MESSRS. ROZA BROS.. REPORT
REVIEW OF A DIFFICULT YEAR
HONG KONG STOCK MARKET
WEEKLY REPORT
Once again the past week haa been productive of wide changes in
SPECIAL EXCURSION
2 CHANCES TO VISIT
MANILA
£12
FIRST CLASS
PRESIDENT CLEVELAND
Messrs. Roza Bros ve forward- At the meeting of the Britished us the following exchange markes the sterling securities Commens ALL-INCLUSIVE RATE-BONGKONG TO MANILA branch of the Ford Motor Company report for yesterday
ing the week at $1790 and 8540AND RETURN. STEAMER-YOUR HOTELS DURING Sir Percival Perry, K.B.E. (the $310 chairman), said:
Silver prices were again lower respectively, Banks and Uniona yesterday to the extent of 7/16 for rallied, sharply on a weaker ex-3 DAYS STAY IN MANILA. Ready and Forward, the quotations i change, and to-day were reported being 18.1/8 for Ready and 18.1/4 as having changed hands, the first for Forward. Silver advices, attri-named as high as 81850, and the buted the drop sp China, India and latter, bid for at 8565. America an having sold. Specula- tore bought at the decline. To wards the close the market was re- ported to be firm with China Banks buying at 1/8 over the quoted rates" In America the rate was lower at 37.3/4 for Spot: The market was weak.
***
"
$31
$18
$30
$10
521- SID
130
25/
$16
14
$6
$9.6Ü
IM
12/
$10.10
$4
Bengueta.......
Venezuels Gold Fide $4.88
Langkats (single) 8.
Explorations.......
$6.40 Shanghai Loans 2.
Raaba
Tronoh Mines
28 ets. Benguet Explorations,
Docks, Wharton,
Godowns, sto.
H.K. & K. Wharton, 3198);
13 26
Providente (old)....
$3.90
$1,40
Do. (uprm) { IX 40
8161
H.K. & W. Docks
S. China Motore A
$8
Do.
117 $8 $8
$147
$147 Shanghai Docks 9.
New Engineerings.
Hongkow
Fa20
Lands, Hotels, and
Buildings
$7.30 $77,
$7,35 $78
H.K. Hotels
$74
7.30/7.35
H.K Lands...8.
#771
334
Shanghai Landa... 8.]
$14
Metropolitan Lands..
JE.10
H.E: Realties.........
$7.90
$141
Chins Do................8,
$137
De Debenturen S.
$14
Hamphreys gam
315
$140
Asin Realties “A”
$20
Do.
"B.
$-7
Ühinese Estates
840
$23
New Asis Hotel 1501
$15.20
$109b
Cotton Mills
Cottons.......
814 Zong Binge ... S.
Wing On Textiles(B.)
Public Utilities
191
in
"China Lights (old)... $13.
Do. HK. Electrica .................
(now)... $1240)
$731
Macso do.
Bandakan Lights .....|
Telephones...................
IM
$14.90
++
#100 $142 .190
$20 13.10/13.18
731174
$31.10 31/31.10
Tramways
$13.30
$15)
Poak Trains (old)....
$72
Do.. (new...
$20
Star Ferries................ Hij
251/261
Yeamati Ferries ...
$13
$12.40
$73 $74
$73.00
123
1101
31.31.18
China Buses...... S.
22.
Tractiona
15/.
Da. (pret.)......
Industrials
$15.
Malabon Sugara
$20
Caldbeck, Word.) 8.
$16.
Macgregors f(prof.)8.
36
Canton Ices
Cemente (comb.)...
(old)...
39
$281
$8,10
$6.10/10 $5.00 $1.05
$281
19
Do.
Do. (Dew).
Ropes
Miscellaneous
Dairy Farmer Der A Wing..................
Amusements .......
Ch. E'tainmenta......
13,00 Constructions, (old)
Do. (new)
Lane Crawford..... $4.15 Mackintosha
P
Nanyang Tobacco...
Sinceres ****80104804201
3121
311
$15
$6.10,6.15 25.05
44
SI
$12
$11.
$4
H
New York advices reported the opening rate at 4.79 and the closing rate at 4.64.1/4. The market was erratic.
I feel that you would prefer to know the worst, and I can assure you that the accounts which you have now to consider are not based either upon an optimistia valuation of what has happened or upon the anticipation of favourable recovery in world commercial affairs which may not mature. Our company occupies a position which is certainly not comparable with that of any other euterprise in the motor industry. Those of you who lent support to our enterprise at the time. of its initiation will fully understand that our "aspiration was to cater With the exception of the Shang- for and supply world demand hai rate which was unchanged at for road transport. By world 110) and the Bangkok rate which demand". I mean something much was put up to 136, other rates were greater than national consumption. I put down."
The year 1832 will, we all' hope, mark the nadir of commercia self-suficiency. I have to confess that those industrialists who were content, from a national point of view, to take in their own wash- ing have enjoyed comparative prosperity. And this has been at the expense of others like ourselves who sought # wider scope for activity. Our investment and organization was designed upon plan which contemplated four fifths of its output of passenger and commercial vehicles, being sold in the export market. In regard to tractors we expected that not than nine-tenths of production capacity would be absorbed by overses demand.
jess
Oversea Trade Problems.
our
Had we been content to cater for an insular output, I have no doubt that four years LEO WO should not have received so much capital support as was offered: but at the same time, we should have been able, in 183% to present Д Kore pleasing picture of domestic success. The losses which this company has sustained, as recorded in the accounts presented to you, have accrued principally because of our endeavours to increase British oversea trade.
al
Market.
Uncertain at the opening but later firmed up following Shanghai,
Sterling:
The market opened with sellers at 1/48 but the selling rate-soon rose to 1/4.3/4 resulting in buai- ness at 1/4.25/32 for September de- livery. Sellers then came out at 1/4.13/16, 1/4.7/8, 1/4.15/18 and 1/5, buyers at 1/5.1/32 for July. August and 1/5.1/18 September..
Gold Dollars,
Business was done early in the morning at 32.13/16 for October and 32.7/8 October. 32.5/18 and 39:3/5 were done. for near delivery. The market then firm up to, sellers at 32.5/A July, buyers at 32.3/4 for near delivery.
"Yen. Merchants were quoted at 111 for near delivery.
::
Shanghai.. Shanghai Dollars were quoted at 111 fon near delivery.
Early advices indicated sellers at 1/2.7/8 but later the market firm up and towards lunch time sellers were indicated at 1/3116 for near and 1/33/16 August, buyers probably at 1/18 higher.
T
IN THE AFTERNOON.. The market was firm in the after-
Sterling.
Although barriers of internation- noon.
trade have been built in circumscribed areas, and to greater
In sterling business was reported haights than was ever imagined at 1/5.1/16 for near delivery finish- to ke possible, your directors stiling with sellers at 1/5.1/18 July- believe that real prosperity lies in August and 1/8.3/32 September, the direction of internationa!
buyers at 1/32 higher respectively.
commerce.
1
Gold Dollars..
Notwithstanding tariffs, prohibi- tions, exchange restrictions, and
Business was done at 33 cash, the many other chicaneries which 334 last day of July and also for have been permitted to divide and August. The market closed with subdivide the world, the directors sellers at 33.5/16 July and 33.7/18 of this company believe that August, buyers probably at 1/16 permanent prosperity will be higher." found in freedom of exchange rather than in localized effort.
The Accounts. “
Referring to the record of our: company's experience during 1932, the trading account Joss of 85 cta £160,249 148. 9. includes large-
outlays which have been necessitat ed because of the production and introduction of
models. $18.60 Special dies and tools for the manufacture of newly designed
+20
div. $4,18
$1.50
en ats.
84.10
100
$21.
$14
Watsons
31.10
Win. Powella
$10
M. Greyhounds.
131
C. Enterprises ....
United Theatres.18.
79:1
B. Ind. G. Bonds... 80
prem. (Assex|ted).
HK. Goyt, Lösäs ..... )- 8.041
Wallace Harper......
Joss.
185
HK Wing On
$190
Shai
Do
$166
Asia Lands Limited
Gloucester Building
**
Tel. 283802
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 Agents
John H. Ferguson & Co.
32, B. O. Shameen.
Tel 18624
new
Among the Utilities, Hong Kong Tram and Telephones based of alightly on "profit-taking. On the other hand, China Lights maintain- ed their position as a steady mar ket, as did also Hong Kong. Elec- trica and Star Ferries.
and Hotels practically remain un- In the general list, Dairy Farms altered but steady.
Closing tone steady to Armi gen- erally.
BUSINESS DONE DURING THE WEEK.
Hong Kong Banks, #1770 81830/
1850.
Canton Insuraness, $320.
Union Insurances, 8840 8345.8550 Benguet Consolidated, $27. Providenta (Old), 83.80. Providents (New), 81.45. Hotels 87.30-87.35 Lands, 878
Tramways, $22.80 $22.90 893 $23.20 893.30 $23.40 823.50 823.20.
Yaumati Ferries, 825 825"826. China Lights (Old), 812 Electrics, #1). 873.85-874 18734
$73.90.
Telephones, 831.40 831.20 8311
831.10 831.13 831. Cements. (Combined), #6.30 €6.15
$6.10.
Cements (Old). 83.04. Cementa (New). $1.05. Dairy Farms, $25. Watsons, 89.
Lane, Crawfords, $4.20 84.10. Constructions (New), 80 centa. CHANGES (3.15 p.m.) CLOSING QUOTATIONE.
Bayern.
Hong Kong Bank, 81835. Canton Insurances, $315. Benguet Consolidated, $30, Wharves, $197.
Sellers. Underwriters, $2.35.
Bales.
Hong Kong Banks, 81830/1850. Canton Insurances, $320,
EXCHANGE
CLOSING QUOTATIONS
July 21, 1933, OB LONDON:
Telegraphic Transfor... Bank Bills, on demand 1/48 Bank Bills, 4 months*
aight
Shangha..
Oredita, Firm Sellers were indicated at
4 months 1/3.5/18 for near, buyers probably ON NEW YORK:
aight at 1/34.
Leave Hongkong Arrive Manila Leave Manila Arrive Hongkong
6 P.M.
8 A.M. 3P.M.
8 A.M.
6 P.M.
8 AM
3 P.M.
Aug. 5th
7th
9th
11th
PRESIDENT COOLIDGE
Leave Hongkong Arrive Manila
Leave Manila
Arrive Hongkong ... 8 A.M.
Ask For Particulare
Ang 8th
DOLLAR STEAMSHIP LINES AMERICAN
MAIL LINE
PEDDER BUILDING-HONGKONG.
CANTON BRANCH, SHAKER ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.).
Tel. 28880-Gloucester Building, Room
'{KRUTER'S AMERICAN SERVICḤ}
41.99-10358
New York: July 20. Dow Jones Averages:
30 Industrials
High-1939
108.97
Low: July 18
20 Rails
60,53
13.93 5401
20 Utilities
37.66
18.68 28.15
40 Bonds
88.01
65.78 89.04
July 20
Change
96,26 7.39 downs
49.56 445 down 11.81 3.33 down 88.6737 'down
Azia Tands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. In view of the uninterrupted rise, the mere fact that the reaction has been so violent, drastic and concentrated does not signify any fundamental change. In other words, in the business outlook is reassuring, the stock market is all right. It is quite reasonable to expect more selling tomorrow. However, if this is the so-called technical reaction, some decree of equilibrium should be reaction within the next two days and we do not believe it is anything more that technical Wheat: Another wave of liquidation occurred, and has doubtless improved the technical situation to some... extent. The North-West and Canadian weather is better. Cotton: Heavy liquidation caught stop-loss orders. The Trade bought freely on the way down and speculative interest deemed to ingrense. The weather is mixed. Silver. Continued heavy liquidation was influenced by the acute woskress of securities and commodities Commission houses were the chief sellers with the Trade banks scale buying and doing some short covering.
Business Done: 8,120,000 shares.
Dry. $
LAST SALE
151 Bank Bills, on demand SIL nom Credits, 60 days' right.. nom ON PARIS:
1939-
Hian
Low FEB SH.
July 19. July 20.
1011
301
3007 Air Bedinction.
#02
#87
131
42]
8.00. Allied Chemical & Dye.
126 191
E
951
29
400 American Can
01
Bank Bills, on demand 375
40%
American Smeltingomi
:30
34
Tientsin Shares
Credits, 4 months' sight Bib
1378/
70
8.00 Arterican Tel. Tel.
128
ON INDIA:-
5.00 American Tobacco
93
90
408
1.00 American Waterworks
38
32
211
3
Angepida Copper Mining 200 Auburn.
20
1614
70%
Bendix Aviation
20
181
16:
354 901
200
107
Tientsin, July 11.
Last Bay. Sell. Sale.
Dollars.
Telegraphic Transt
Bank, on demand
ON SHANGHAI:
On Demand
ON KOBS:-
On demand
bodies and equipment have cost more than the sum of this loss, B/China and considerable port ba of B/Communic this outlay has been amortised Tienyieh Salt B.. and is included in the accrued. Ta Lu Bank
#
Current Year's Export BusiÑOSS.
I have been asked to make one remark concerning
the
export business and this company's position relative to that of the other members of the British motor industry. Doubtless during the past week you have seen that the news-papers have made quite a feature of the success of the British motor industry, quoting actual figures of exports during the first five months of this year. It will be some satisfaction, I am sure, to all the 'teinbers of this: company to know that one-third- of that total was exports made by this company.
E/E de Ttain Astors Crystal Ltd. E/Eng. Wks. G/V Factory Hopei L. & B.A.
Hotung Land
Imperial Hotel
930
Lauchow M. Co... 750 760 780
N. C. Star...
Boc. F. F. Ch. de
Titip Titain L Inv Ttsin Inv. Tri
Ttain Press Ttsin Taku Togs: N. C.-W/W
g
100
219
183 184
66 70
601
ON MANILA
47
60
40}
On 'demand
761 80
78
ON SINGAPORE:--
€2
62
On demand.
62
57...
ON BATAVIA
45 37.
On demand
7,10
ON SAIGON
5.20
* On demand
80
ON BANGKOK :
40
On demand
Kincheng BO Nat Tad. B/China C/Hsin Old-1012.... 7.10
"Do, New 6.30 5 C/Hsing Coal 80. Q/Ta Salt: 42 F/Hua Giaa: 230 240 Yung Lee Boda
(Continued on previous cučumn),
52
+
SOVERSIGNS, Bapt Buying
"Bateria
BAY SILVENIE DE
] }
631 unm
ལྷ་རུ་གྲྭ ཚ ཚོ ཐ
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE=" M.S. "JUTLANDIA”
Sailing on or about
FOR SAN FRANCISCO, ETCO 31st JULY
CARGO AND PASSENGERS ACCEPTED FOR SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETU. THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.
Excellent Passenger Acporomodation
fare Hongkong/San Francisco G8120 (1st class only) For Freight and Passage, etc, please Apply to
The East Aslatle Co., Ltd.
The Chinese American Shipping
HONG SLING
JOHN MANNERS & CO.LTD.
Ofice & Mandawn's BANK BUILDING (TOP FLOOR), 7, QUEEN's Bp.
ZZZZULAPHOKE 2. 249217: S
1.09, Borden Company
Canadian Pacific
JI Case
» 0.50 Caterpillar Co.
2.00 Chase National Bank
1.00 Chrysler Motors
3.40 Consolidated Car
Curtiss Wright 3.09 Drugs, In
2.00 Du Pont de Nemours 3.00 Eastman Kodak ....
Electric Auto-Lite Co. 6% & Electris Bond & Sha
Electre Power and 0:40 General Electric
1.00 General Motors 1. Gillete Shref
1.20 Gold Dusbuffalo
· 0.00 International Harve
—
International Tol & Tel, 4.00 Liggett & Myer 1.00 #Loew's 11.9
Montgomery Ward 280 National Lifcunt- 81.00 National City Bank
1.20 National Dairy Product 0.60 Otis Elevator an 2.00 Pacific Gas & Electric.
-Packard Motors 0.50 Pennsylvanis, Baily Radio Corpn.. Sear Roebuck 1:00 Standard
Stand
1.00 Stand
[rans America). 1.00 Union Carbide.
6:00 Union Pacifo
United Air and Transps United Corporation United States Be Westinghouse
24k
304