DAILY SHARE QUOTATIONS
$1,835
HONG KONG STOCK
********!
EXCHANGE.
Sales
Nom!!
TRA
284 £9%
| THURSDAY,
SHAREBROKERS'
ASSOCIATION."
AUGUST. 3.
Buyuru
Batters
Bales
ex div. £130
215
***
$20
Banks
H.K. Banks
Do. (London)
Chartered Bank
Marcantile Bks. "A"
Do.
Bank of East Asia...
N. O. & S. Barks...
Am. Q. Fin.Corp:
16.40 Ch Fin. Corp. Ord. B.
Do... Prol. S
C
: ៖ ៖ ថ្មី៖
Datum:
$1,830
213
£34
时
$101
$7
***
***
·IS 00
Insurances
Canton Insurances.....
$310
3310
$1.40
Underwriter ******
JA35
Union Insurances... $537
$695
China Fires
1590
3276
H.K. Fires
$262
95.00
International Assce. 3,
Shipping
32
Douglanes
Steamboats
$30
Indos (pref.)
$32
Do, (det)
Sholl
$35)
$10,10
50/- $15
98/9 SIBL
54
$1293
$6.10
Waterboata
Mining
Benguets...
Venezuela Gold Fida $4,80
Kailans
Langkats (single) &..
Exploration...... d.
Shanghai Loans 8. Raubs
Tronoh Mines ...... 28 eta. Benguet Explorations
Docks, Wharryss,
Godowns, sto.
20:
$78
$783
!!!!!!!
HÒNG KONG DAILY PRESS FRIDAY, AUGUST
1933
MONEY AND MARKETS
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL QUOTATIONS
There is nothing fresh to be not- ed in the state of the market to day, and with the exception of a few parcels changing hands in the investment section, general quiet- ncas prevailed throughout the day,
Sales.
Hong Kong Banks, $1,650. Union Insurances, $550. Hong Kong Lands, 878). Electrics, $341.
H.K. Fire Insurances, 8275. Douglases, $32).
$34
$18
$30
Buyers.
$30
52/.
Bank of East Asia, 8101.
$10
Canton Insurances, $310.
Union Insurances, 8540.
Underwriters, $1.90.
$35
25/.
$161
$4
$9.60
12/
IN
"
$129
Indo-Chinaa (Def.) 839),
Benguet Consolidated, $351. Raubs, $101.
Hong Kong Lands, 878.
Peak Trams (Old), $15).
Star Forris, 895.
China Lights (Old), $12.80 China Lights (New), $12.40 Electrica, 874).
Telephones, $30.40.
EK. & K. Wharres.
$3.20
Providents (aki) ...]
$3.80
$1.40 "
SIBI
UL.K. & W. Dooks
Do. (new) ***
#140
Cements (Combined), 86.05.
917
Cements (Old); $5.
$10
18
*
S. China Motors "A
Do..
304
Dairy Farms, 829).
"B"
Saj
Lane, Crawfords, 83.90.
$149
$142
Constructions (New), 80 cents.
*71
971
Shanghai Docks 9.
New Engineerings.j
$337 Hongkawi ........ Lands, Hotels, and
$7.29
1311
Buildings
H.K. Hotelased nangi H.K Lads... Shanghai Land....8. Metropolitan Landa.. H.A. Realties........ Chins Do......... Do Debentures S.
Humphreys ******* New Asia Hotel ...
ין
Chinese Estates...................
Tramways es
Da (Dew)...)
Govt. Loans, 3 per cent. Prem. Sellers.
Ewo Coltoas, Sh. $15.
Wharves, 81294.
€7.90
#78
Hong Kong Trams, $23. Sinceres, $13.60.
* 2!!!
:
$53
Cements (comb.)... 10.05
Miscellaneous
#108
SHANGHAI RUBBER "QUOTATIONS
BENJAMIN & POTTS REPORT
The following are the latest Rub- ber quotations received by cable from Benjamin & Potts Shanghai office:-
Rate on Rate pa
LONDON EXCHANGE
RATES
{BRITISH WIRELESS SERVICE}
THE EXCHANGE MARKET
MESSRS. ROZA BROS.. REPORT
AMERICAN WHEAT FOR ORIENT
SHIPMENTS FINANCED FROM PROCESSING TAX
..
LI-
Silver prices dropped 1/8 yester-
Washington, July 9-The United day for both deliveries, the quota- tions being 17.3 for Ready and States will not wait for the world 17.7/8 for Forward, Silver advices wheat-growing nations to arrive at an agreement in London, the U.S. The tone at the Department of Agriculture reported speculators as having sold. China bought close was steady with America hav-nounced to-night, but will sell ing bought at 1/8 over the quoted wheat to any nation that wants it rates. In America the rate was and will Ânance the shipments higher at 30 for Spot The tone from the processing tax that is was steady.
now being imposed.
New York advices reported the opening rate at 444 and the closing rate at 453,
Market,
8
The market was firm for U.S. Dollars but easier for Sterling.
Sterling.
The Secretary of Agriculture said that, in view of the fact that most European nations have im- port quotas on wheat, the sales efforts of the Agriculture Adjust- ment Administration will concern. trate its efforts on selling wheat fr the Orient. He said he believed 'that China and Russia would need more wheat than they had ordered. Business was done shortly after
favourable credit Especially the opening at 1/4.15/16 for cash followed by transactions at 1/4 terms can be given on wheat, the 15,18 for second half August, 1/4. Secretary of Agriculture said, andİ, 29/32 for near delivery. The market if the socks of the northwestern closed at lunch time with sellers at states is purchased, transportation 1/4.7/8 August, 1/4.15/16 Septem-costs will be lowered. ber, and 1/4.31/32 October, buyers at 1/32 higher respectively.
Gold Dollars.
"We would like to build up a permanent market in the Orient and, in so doing, we can give long- term credits at the most liberal rates of interest," he said. We can even finance the shipments with the processing tax
Business was done during the course of the morning at 39 for cash and 3.11/16 September. "The Mr. Wallace's Pessimism, market closed at lunch time with
Mr. Wallace indicated that efforts sollers at 321 August and 32 Sep would be made to dispose of the tember, buyers at 1/8 higher respec-surplus stocks before the end of tively.
Yen.
the forthcoming harvest and pre- dicted that, with the disappearance. of the surplus, world prices would Merchants were quoted at 114 for be greatly improved., near delivery.
Shanghai Dollars. Shanghai dollars were quoted at 112.1/8 for cash.
Shanghai.
4:
,"
Sellers were indicated at 1/8.1/8, buyers at 1/3.3/14 for near delivery
** IN THE AFTERNOON..
The representatives of the wheat nations will re-convene in London on August 92 and attempt to reach an agreement on production and export quota. Mr. Wallace was sceptical, however, of the success of the meeting.
He pointed out that the first meeting failed to reach any kind of agreement. In the meantime, each nation is trying to sell its surplus stocks and the United States might as well do the same, he said.
The total processing tax 00 The market was quiet in the wheat is thirty cents a bushel. As afternoon.
much as two cents of the tax on each bushel can be used in firmn- cing sales to China and other east- ern nations, Mr. Wallace said.
A.
Z
Sterling,
In sterling business was done at 1/4.29/32 for near delivery, finish- ing with sellers at 1/4.7/8 August, 1/4.15/16 September and 1/4.31/32 October, buyers 1/4.99/32 August, 1/4.31/32 September and, probably 1/5 October.
af
Gold Dollars.
Business was reported at 32.9/16 for near delivery, At the close there were sellers at 32.7/16' Augušt, · 32.9/16 September, buyers at 39 for near and probably 32. 11/16 September,
EXCHANGE
414
$6.10
415
3137
$14
$140 1120 $7
Asia Realties “A” 8.
Do.
"B"8.
Cotton Milla
#15
Ewos
.8. 31455]
$109
S'hai Cottons.............. §.
$141
Zoong Sings. S.
SUI
190
Wing On Tartiles(8.))
$90
Public Utiliting
$23
223
26.7.33 2.8.33
$154
Posk Trams (old) ...!
415
Anglo Java
84.75
$72
$7+
Anglo Dutch
2,75
$5.00 2.78
$90
Star Furrice
Batu Anama
42
:.37
125
Yaumati Ferries
B
$251
144
Chemora
.44
$12.80
Chins Lights (old)...
$13
Consolidateds
.38. 1.650m. 1.65nom.
$12:40
$74
Do.
(new)... $12.40
Kroewocks
.45
*37
3741
H.K. Electrics......
$74.15
Repahs
.43
.38
$23
Macao do.
FOR
Tanah Merahs
*.96
.86
$104
Bandakan Lights ....
Tebongs
.54
.45
$30.40
Telephones...
$30.40
Ziangbes
5.75
4.75
$111
China Buses... 8.
-
9.
Tractions
10-
Do. (pre).DAR
Industrials
$15
Malabon Sugars
$15
$20
Caldbeck, Yord.) 8.
$18
Macgregors f(pref.)8.
16
Canton Ives
122
$6
28.10
Di
(old)...
35
$1.07 #9.10
Do.
(DOW)...
11
Paris
64 25/32
Kopes
$81
New York
4.484
Montreal
4.79
Brussels
23.773
3201
Dairy Farros
$29
Geneva
17.15
$1.
Der A Wings......................
Amsterdam
8.22
$12
Amusement...
812
Milan
63%
$11
Ch. Ftainment........
$11
Berlin
13.92)
$3.00
Constructions, (old)
$3)
Stockholm
10.371
August 3, 1953,
.80 ata.
(new) .20 cts.
Copenhagen
$380
Lane Crawforda.......$
22.40
19.90
| CIN LONDON C-
$21
***
30 nom.
$4.18
Prague
113
$13.80
313.80
19
$8.80
Helsingfors
220)
142
Madrid
304
$2.10
Wm. Fowellsalus
$1.90
Lisbon
110
$10
M. Greyhounds
Credits, 4. months'
sight
W
15
$92
3. C. Enterprises ...
Athens
3971
ON NEW YORK:---
-་་
+++
$2
United Theatres ....... Si
Bucharest
565
· 79*%.
B. Ind. G. Bonds...
78.
Belgrade
.240
3%
prea
„ILE. Gort, Loans.] $193 {ex" int
Rio
41 official
Wallace Harper.......
Buenos Aires
42 officiel
*f་
$186
H.K Wing Oo, *******
$190
8 bai
Do
$155
Bombay
Shanghai
Telegraphic Transter...
Hong Kong
1/4/29/32
Yokohama
WEEK DAYS.
SUNDAYS & HOLIDAY,
Silver (Forward)
1/2 17%
ON SHANGRAY
On Demand
Silver (Spot)
ON KO
FOR
War Loan 34%
08 15/16
FROM G.P,0.
Fox ŠKRUNGWAJ BRANON P.O.
FROM 6.P.O.
SEHUNGWAN BIANCE
·P.0.
7.16 2.0, &) [ 7,00 mm. ....00 pix
17.00 p.m. 4.00pm.
(7.16.1780 .. ****j è 1.16 p.m.
11.80 p.
(775 am. d) 'j 7,00 am, d
$5.00 Puzz
17.00 pm.
100 p
7.15 pin. Bindays $.10 2 only 6.00 p,201
9.00a.m.
6.00 .:
(BY) 7.15 a..
Canton
Do.
Mackintoshe ru
Nanyang Tobacco...
Binceres mu Watsons
LOCAL, AND REGULAR OUTWARD MAILS,
Bamahal and Auchow (By 5.00 pm,
direct steamer) "
Reno & Tanaban
Zongmoon (arcept Saturdays)] · 0.00 gam..
Kaukong (except Saturdays)}
fatsban and Wochow (By)
Trainy
Til...
Tai Po
6.00 p.us.
Shumebun
Cheungshow
100 p.rs,
8.00 p.
9.00
aco p..
$1.00 p 18.00 p.bs.
8,00 2.m
7.15 am,
11.00a.m.
11.00 3.12.
11.00 1.2. (11,00 4.30.
& 6.00 pm.
8.00 2.
13,00 8.301.11.
10.30am.
1.00 puh. Bundays 8.50 1.2. Lonly
5.00 p 6.00 pixe
Aberdeen
Stanley
Pingshan
Bentló Basisakok ande
1280 pa 8.20 m
800 pap
4.30 pm
10.2.
7.00
Uslo
Vienna
Montevideo
34 nom.
1/8 3/32
1/3 1/16
CLOSING QUOTATIONS
Telegraphio Transfer... Bank Bills, on demand Bank Bills, months*
sight
Bank Billa, on demand 3:2 nom "Credits, 60 days' sight.. nom ON PARIS
Bank Bills, on demand n
Credits, 4 months' sight:697]
ON INDIA
Bank, on demand'
As the price of wheat advances, the tax, will be lowered but the advance will depend to a large extent on the disposal of the sur- plus, according to market experts.
RUSSIAN OIL FOR JAPAN
FIERCE COMPETITION
EXPECTED.
TOKYO, July 25. The first oil tanker "for Mr. Matsukata's contract with the Boviet Government is due here in a week or two. It is feared that this shipment will mark the start of keen competition between Boviet oil and those belonging to the Conference.
The Conference. Consumers" here have hitherto been more or less sceptical of the possibility of Japan's ntinuous The import of Caucasus, oil. Soviet Trade Commissioner, in his statement to motor-car associations, now makes its attitude 1clear that it is ready to assist Mr. Mateukats in guaranteeing delivery in" due time This Sovjet amistance, fogė ther with the competition already existing between Soviet oil and the Conference members, renders the situation very delicate.
Cutting Prices,
(Continued at foot of next column)". In Kanagawa where competition
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 Agente
John H. Ferguson & Co.
B. C. Shameen.
Tel: 18624
**ASIL..
iakoen, the Conference recently reduced in afficial quotation to 40 This caused the Soviet oil supplier to reduce its price to 30 sen. A further bue se fall is now reported. In the Komin market, whereas Boviet oil quotes 38 sen, the Conference is ready to accept,
PRESIDENT Liners
Fastest Time Hong Kong to Pacific foast.
To SAN FRANCISCO 19 Days via Shanghai, Kobe.. Yokohama, Honolulu
Fortnightly sailings
Pres. Coolidge ........Aug. 18, 6 a.m. Pres. McKinley
....Ang. 30
TO VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailings
Free. Cleveland ...Aug. 11, Midnight Pres. Jackson se ma
Aug. 25
Pres. Jefferson...
Sep. 8
Pres. Coolidge Pres. Wilson* ***
*
Sept. 28 Oct. 10 Oct. 23
Free, Grant.
Sept. 22
Pres. Cleveland ...
Sept. 50
Pres. Jackson
...Out 14
Pres. Hoover...... Sept. 13 Pres.-Lincoln
ROUND TRIP FARES TO EUROPE & AMERICA,
Direct Special through rates to Europe vis ́ ́United States. connections with all: Atlantic lives.. Cholon of rail lines across 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, Strálts, Colombe, Bombay, Suez Canal, Alexandria, Naples, Gance, Marseilles, New York and Boston.
8 a.m..
Pres. Monroe. Proa. Van Buren Ang. 19 Pres Garfield
TO
Next Sailing. Next Sailing.
.Sept. 2
Pree. Folk
Pres. Adama
Sept. 18 ..Sept. 3:
Pres. Harrison
.Oct. 14
MANILA
...Pres. Monroe Aug. 5, 8 a.m.
Free Garfeld Pres. Jefferson
Pres. Cleveland Aug. 5, 6 Pres. Coolidgeɔg. B Pres. Van Buren.
...Aug. 19
Sept. 3 Pres. Jackson
Pres. Hoover aunene in Aug, 19
Fept. 3 Proa MoKinley...........dug. 23- Free, Folk ................... Bopt. 18
Connecting with 3.8. MAYON TO CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
"FEGREE BUILDING--HONG KONG. CANTON BRANCH 2004, BHAKEE ROAD..
7
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN "HONG KONG.)
Tel 28380-Gloucester Building, Room 206.
{RECTERS AMERICAN SERVICH.)
New York: August 2 Dow Jones Averages:
30 Industrials
BARAS
20 Rails
20 Utilition
40 Bonds.
High=1938
108.27 66.53 37.73
89.07
Low: Aug, 1. Aug, 2.
41.32 92,70 13.2846.81
16.53 31.01
65.75 89.00
Change
9484 214 up
47.64
.83 up
་ .31.78 88,05
.77 mp
.04 down
Asia Lands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. The strength prevailing this afternoon was evidently due to the Washington dispatch to the effect that the Administration had not abandoned & programme of possible inflation but was prepared to use this means if the situation demanded such action. In other words it looks as though the so-called “inflation” policy is still the most potent market influence. However, it is not established that the market at this particular time has the ability to go through last week's highs. Wheat: Frices opened at limit busi reached immediately thereafter. The Washington despatch precipitat ed abort covering and induced buying by commission houses. Cotton: Nervous and erratic and easily influenced either way. The early advance attracted considerable realising. Prices subsequently advanced rapidly on inflationary rumours Silver: The market ad marrow reflecting uncertainty on the part of buyers and sellers.” Con- finental banks are reported as sellers on bulges. Inflation rumours near the close encouraged, buying. Businous Done: 1,730,000 shares..
1939
Drv.
HIGH Low PER SE 1017.
2.00 Air Reduction
8.00 Allied Chemical & Dye
4.00 American Can.....
American Smolting.....
9.00 American Tel. & -Tel.
6.00 American Tobacco "B" 1.00 American Waterworks
Anaconda Copper Mining
301
181
42
yo
40g
137
33
44
*40
214
3
61512
: 200 Auburn
431
· 19
160, Borden Company
·J. I Cases
0.30 Caterpillar Co.
SOR
208
011
83
-321
48
16
The Conference is studying its attitude against Mr. Matsukata's activity, but there is at present no effective remedy. There are even signs, socording to the Japanese press, of an internal trouble de veloping and the market quotation ming down-Japan Chronicle, CA
281
..04)
31
23
On demand ON MANILA ZA
On dézsand- ON SINGAPORNS On demand ON BATAYIN
On demand
On demand
1281
ON BANGKOK :-*
451
Me On demand
Boverziɑns, Bank Buying
Bate BAN SILVER për da
incidere
Bendix Aviation
Cinädian Pacific....
2,00 · Chasa, National Bank
1.00 Chrysler Motors
3.40 Cousolidated Gas of N.Y.”
Curtiss Wright
3.00 Drugs, Inc
2.00 Da Fort de Nemours
3.00 Eastman Kodak Ä
Electric Auto-Lite Co
0% * Electria Bond & Sharë. Electric Power and Lig
0,40, General Electric
1.60 General Foody"
1.00: General Motors
108
: 1. Gillette Salety.
LAST BALX
Ang, 1. Aug, 2
2011001
116 117
84) 80
231
343
1928
84) 881"
201
169. 17
57
31
32
16
5:1.29 Gold Dust .....
400 International: Harves
-International Tel
4.00 Liggett Myers LDO Loews I. *** Montgomery Ward, 2.60 National Biscuit... 1,00 National City Bank 1.20 Nations Dairy Pr 0.60 Otis Elevator. 2.00 Pacific, Gas &
Packard Mofor
0.50 Pennsylvania
347
802
bid 331 bid
Standard Oil
Socony Vacuum Corpo, 1.00 Texas Corporation Trane-America
1.00 Union Carbide & 8.00, Union Pacifo
United Air and 0:40 United Corpora
United States Ste Westinghouse E,
TERASA FORNIRE SEN