MARKET
WEEKLY REPORT
LEAGUE OF NATIONS ANALYSIS
A publication by the league of
FIRST CLASS
13
HONG KONG STOCK
**
$1,800
£134
3101 $7
Am. O. Fin. Corp:
A
184
DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE
Bayer Beltera
Balon Nominal
$101
1 $1,850
[ux div.] £129
E16
ES4
$20
SHAREBROKERS' ASSOCIATION.
FRIDAY. Jayas AUGUST 4.
Banks
HK. Bankingyou**]
Do. (London) ** Chartered Banks .... Mercantile Bks. "A"
Do.
に
"C
Bank of East Asia...
N. C. & 8. Barka...
$0.40 Ch Fin. Corp. Ord. .
d!
Sales aulas-
HONG KONG DAILY PRESS, SATURDAY, AUGUST 5, 1933
MONEY AND MARKETS
SPECIAL EXCURSION
2 CHANCES TO VISIT MANILA
£12
SIX DAYS
THE EXCHANGE MARKET
TWO-THIRDS LOSS OF WORLD TRADE
SIX
MESSRS. ROZA. BROS.,
DAYS
REPORT
15
3500
Do Prof. S
Insurances
Canton InsuranCAO.
$310
$310 $1.10 1550
Underwriters
$535
$350/1355
Union Insurances... $537
3596
China Fires
qua****|
$590
$276
H.K. Fires
85.60
International Asses. 3.
+
Shipping
$329
$30.
ESEA
5:13
510
Douglasea
Steamboats
Unions
334
Hong Kong Lands.
$18
Hong Kong Trams.
..$30
Telephones.
$30
Shella......
59/-
Waterboats
316
Mining
Benguetseny
$351
1354
Venezuelu Gold Fida. | $4,80
28/9
Krilans on sunt fey *
15/-
$10
Langkats (single) 8,
14
Explorations...... Bi
14
Shanghai Loana
110
$6. 19.80 13/-
80.40
20
Indos (pref.)
Do. (def.)
Raabs........
Tronoh Mines
28 cta. Benguet Explorations
Docks, Wharves,
Godowns, sto.
FI.K. & K. Wharvor.
Providents (old)
#71
$337
Market Report for yesterday:-
Taken all in all, the past week the has been uneventful and on quiet side. Nevertheless, no diffied culty was experienced in placing apy parcels of investment issues coming on the market, if not at the quoted rate, certainly at a slight concession. The class of securities
most favoured were:- Canton Insurances.
Dairy Farma.
Star Ferries.
In the lower-priced shares, "Hotels and Cements were on the easy side throughout the period.
Under mining, Benguet Consoli dated and Raubs both registered advances, and are in strong de $161mand at the close.
BUSINESS DONE DURING THE WEEK
Hong Kong Banks, 1840 81503
81844 $1850.
Union Insurances, $550 $865. HK. Fire Insurances, 8275. Benguet Consolidated, 835 838. Land, pr
$129
$129
23.80
$3.80
31.40
Do. (16)*-*
$240
$16
H.K. & W. Docks
$17
$10
B. China Motors A'l
$8
Do.
"B
$148
Tramways, $23.
*
Peak Trams (Old), 8154.
Star Ferries, $96.
Electrics, 874) 871).
Telephones (Com.
Div.), 830
$72 #7.16
$90.
278
Telephones (ex. Div.), 830.10
Cements (Combined), 28.10. Ropes, $8.
$8
Dairy Farms, 820 829) 8291 820), Amusements, 811.40.
$13
Govt. Loans (Cum. Int.), 4) per
cent. Premium.
$7.10 $78
$8.10
$15
$149 Shanghai Docks S.
-
$15
$140.
320
5+7"
New EngineeringsS.
Hongkews........... Landa, Hotels, and
Buildings
H.K. Hotels
H. Lands8. Shanghai Landa...S. Metropolitan Lands.. H.K. Healties...any China Do
Dó. Debentures3.!
Haphreys ...
New Asia Hotel Asia Boalties "A”S.
Do.
"B" 8.
Chinese Estate......
Cotton Mill
Ewo
Zoong Sing
Wing On Textilen(S.)}
401
$137
$14
+
4
$14 65
$108
Shai Cotton................ S.
$141
400
$104
Telephones........
#14
14,68/1470
+24
LON $141
190
Govt. Loans (ex. Int.), 3 per
cent. Premium.
CHANGES (3.15 p.m.) "CLOSING
QUOTATIONS.
Seller..
Cements (Combined), $6.10.
Sales.
Star Ferries, $90, Electrics, B14.
Telephones (ex. Div.), 830.10.
EXCHANGE
Public Utilities
!!
$23
Tramways ............
199.70 $23.80
$155
Foak Trame (old) .......
45
174
Do. (paw)...
$98
Star Ferries $95
$20
Taumati Ferriés, ...
$25
$19.80
China Lights (old)........
$13
$12.40
Do. (DOW)...$12.35
3743
HK. Electrica .......
$74
$23
Macao do.
**
Sandakan Lighta
130
530
***
China Buses.**** S..
21-
Tractions......................
18.
Do. (pref.)
Industrials
$15
Malabon Bugars
AIA
(IN LONDON -
$20
Caldbeck, 1(ord..
Telegraphic Transfer...
$18
Macgregors (pref.38.
46
Canton Icesn
38
Contents (comb.)....
6:10
Do. (old)....
$10% $8.10
Do.
31.
18.06
Li
$23)
+44
$11
$11.80)
$3.96
$21
Ropa
(now)......
Miscellaneous
Dairy Farm Der A Wings.******** Amusements...... Ch. E'tainments........... Constructions, (old)
Do.
$29
(new).20 ct
Lane Crawford,........... ·
Mackintoshs........
Nanyang Tobacco...
Binceres
Watsons
.80 ate $3.90
| $13.60
$9
$2.10
Wm. Fowell.......
310
M. Greyhounds.
15. C. Enterprises ......
14
United Theatres... Sv
791.
B. Ind. G. Bonds...
prem.
$180
$12
CLOSING QUOTATIONS
--August 4,1933.
Bank Bills, on demand 1/4
Bank Bills, 4 months'
right
Credits,4,
sight
Messrs. Roza Bros, have forward-Nations draws attention to the fact
us the following Exchange that world trade had fallen at the ALL INCLUSIVE RATE HONGKONG TO MANILA: end of the first quarter of 1833 to AND RETURN. STEAMER YOUR HOTELS DURING a third of what it was in 1929.. The price for Ready Silver rose 1/8 yesterday and Forward 1/16, The average prices of goods.enter-3 making the quotations 17 7/8 foring into trade had fallen, by nearly Ready and 17 13/18 for Forward, half. Whent on one of the biggest Silver advices reported China and world markets at one moment touch- India as having bought. Offerings prices lower than what it has were small. The Continent also fetched in the last four centuries. sold. The tone at the close was The actual quantum (amount of steady with buyers at quotations. goods exchanged had diminished In America the rate was higher at by over a quarter, and the down- 1/4 for Spot. The tone was ward trend shows no signs of stop-
ping. steady.
New York advices reported the opening rate at 4.53 3/4 and the The market closing rate at 4.52-1/2 The last rate done was 4.51. was narrow.
Market. Dull, the tone was steady.
Sterling.
#.
L
in
The fall is due mainly to "less trade in manufactured articles. pression, it was caused primarily During the early part of the de by the reduced purchasing power of the non-industrial countries. Their products fell most in pries
increase With the enormous trade barriers in the form of higher tariffs, quotas and exchange con- rols, the centre of gravity of the trade depression has moved from non-industrial to industrial, from debtor to creditor countries. The exchange of manufactured articles between the industrial countries has recently contracted, more heavi Business was reported at 32 11ty than the more indispensable ex change of manufactured articles 16 for November delivery. There and primary products between in- were sellers at 30 August, 32 1/8 dustrial and non-industrial couns September, buyers at 1/8 higher tries. respectively.
A small business was reported at 1/4 29/39 for near delivery. There were sellers at 1/4 29/32 August, 1/4 15/16 September and 1/4 31/32 October, buyers at 1/4 15/16 for cash, 1/4 31/32 September and 1/3 1/92 October.
Gold Dollars,
Yen.
The share of industrial countries in world trade, which rose during Merchants were quoted at 114 1/4 the early part of the depression,
fell in 1839 for near delivery.
Shanghal Dollars, Were quoted at 112 1/4 for cash.
Shanghai,
Sellers were indicated at 1/3, de buyers at 1/3 1/16 for near livery.
IN THE AFTERNOON. The market was quiet in the afternoon, the tone was steady.
Sterling,
In Sterling no business was re- ported, finishing with sellers at
1/4 1/4" 15/18, August,
31/32 September and 1/5 October, buyers probably at 1/39 higher respective ly...
Gold Dollars.
The market closed with sellers at 32 1/18 Augast, 82 3/16 Septem- ber, buyers probably at:32 3/16 for cash and 32 3/8 September,
LONDON EXCHANGE
RATES
*;
[BRITISH WIRELESS SERVICH.3
-84-21/32"
4.43 1.814
{42
Paris
montbs'
New York
Montreal
Brussels
ON NEW YORK:-
Bank Bills, on demand 31} nem
Credits, so days' ajght.. nom -.
ON PARIS-
Bank Bills, on demand 595 -
Credits, 4 months' sight (25
ON INDIANATKA
Telegraphic Transter... !
ON SHANGHAI :--
***
On Demand
$18,80 ON KOBE:
ON MANILA-
H.B. Gort Loans .....| $143|ex int
Wallace Harper...... BLK Wing On
S'hai
ADP
Asia Lands Limited
Gloucester Building Tel. 28880 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
On demand
On demand
ON SINGAPORE
On demand
78, ON BATAVIA :—
On demand
OF SAIGON:
Geneva
"23.751
17.13
Milan
Berlin
aiz
Amsterdam Stockholm Copenhagen Qalo Vienna Bucharest
83 3/16 13.90 8.2011.
19:40
22.40
19.00
30 Hom.
565
Athens
3871
39.
110
1114
2361
945
111
113)
Blk บวม
+98
Madrid
Lisbon
Prague Helsingfors Belgrade Rio.......... Buenos Aires
Montevideo
Bombay
Ehanghai
41 official 421 official 34 nom. 1/6 3/32 1/31/10 1/4 27/32 1/21
"On demand
Ox BanGxor: —
Hong Kong
On demand
134
Yokohama
SOVEREIGNS, Bibk Buylog
Silver (Forward)
Rate
1/51
Silver (Spot)
BAR SILVER, per on
171
War Loan AT
17 15/16
06-1/14
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE M.S. "FALSTRIA" Sailing on or about
OUTWARD***
For SINGAPORE and MANILA HOMEWARD
8th AUG.
For SAN FRANCISCO, direct 5th SEPT.
CARGO AND PASSENGERS ACCEPTED FOR SINGAPORE, MANILA, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC. THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.
Accommodation francisco from
120%
ete please
Currency Depreciation. While currency depreciation bas contributed to the growth of trade barriers and was probably one of the causes of the continued fall in prices in terms of gold since the dutumn of 1931, it has secured to the exports of the countries having recourse to it a somewhat greater share in world markets than pre viously,
Clearing agreements and dis criminative trade barriers, erected in order to regulate bilateral- trade balances, have, since the autumn of 1901, led to a re-distribution of imports and exports of many coun- tries. This has been very un-" favourable for. certain countries which are largely dependent upon so-called triangular trade.
Particular attention has been de voted to the structural changes in- dicated by the trade figures of certain countries. Many agricultur al produce a greater stars of their consumption of industrial manu- factures, and some of them such as India and Egypt-have replaced a part of their production of agri cultural products for exports by the production of foodstuffs previously imported. Certain indistrial coun- tries have also become more self- sufficient in food products; the in- erease in self-sufficiency has, how ever, developed simultaneously with the impoverishment of both industrial and non-industrial coun tries..
American Position.
One of the most important facte pointed out in the analysis of trade of individual countries contained. in the Review of World Trade Jor 1932, issued by the League Inta!- ligence Service, is the weakening of the competitive power of the manufacturing industry in the United States of América.
By the middle of 1930, the value of the exports of manufactured articles from the United States of America, the United Kingdom and Germany was almost the same and for each of the three was about twice as great as that of Erance. Daring the last quarter of 1993, on the other hand, that of the United States of America represented only. 59 per cent of the German, e per cent of the British and was only plightly higher than the French ex- ports of manufactured goods,
SHANGHAL SHARE MARKET
MESSES CARROLL, BROS. QUOTATIONS:
Messrs Carroll Bros., have re- ceived the following cabled quota tloris of Shinghai shares:-
Sh:2
Chinese Finance Corp. ......: 4.80) International Investment
DAYS STAY IN MANILA.
PRESIDENT CLEVELAND Leave Hongkong Arrive Manila Leave Manila
6 P.M.
8 A.M.
3 P.M.
Arrive Hongkong ... 8 A.M.
Aug. 5th
7th
9th
11th
PRESIDENT COOLIDGE
Leave Hongkong
6 P.M.
Aug. 8th
Arrive Manila
8 A.M.
10th
Leave Manila
3 P.M.
12th
Arrive Hongkong
8. A.M.
14th
Ask For Particulars
STEAMSHIP LINES
DOLLAR AMERICAN
MAIL LINE
FRODER BUILDING—HONG KONG.
BEAKER ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28350-Gloucester Building, Room
New York: August 3. Dow Jones Averages:
30 Industriais.
20 Rails ..20 Utilities
40. Bonds
High-183s
** 108.27 07
56.534 37.73
89.07
Low: Aug, 2. Aug., 3.
04.10 -4122-0484
13.23: 47.84 | 20:47 23. 1853-31.78 13.78 88.05.
31.35
67.97
Change 74 down 41 down.
43]own
08: downi
"Asia Tands, Limited, has received the following report from their New York correspondente, EL A. Fierce & Co. The market was essentially unchanged. However, there was a good underlying demand for stocks, although this demand may await soft spots for making purchase. Wheat: The bullish American and Canadian crop reports were off set by slow foreign demand for Canadian wheat. The current estimados of European wheat production, including Russia give 60,000,000 bushels more than the previous season. Cotton: Trading was relatively light, reflecting the uncertainty regarding the crop estimate due on August. 8th. Silver: There is a general indisposition on the part of all classes of traders to press their commitments either way, pending new developments.
Business Dane: 1,810,000 shares."
1932
DIV, 9
Low PE SH.
400
100 Air Reduction
8.00 Allied Chemical & Dye
2.00 Aubame parque
Befidit Aviation
1.60. Borden Company
Canadian Pacific ....... -JI Case....
0.50 Caterpilit Co.
199
542
LAST SALE
HIGS 1013
Aug, 2. Ang, 3.
· 2067
$98
131
45.
·117
117
291
400 Americho Can HKL
86
84
*40*
American Smelting.
34.
331
1370
701
93
408
214
9.00 American Tel. & Tel. 5.00 American Tobacco B 1.00: American Waterworks
Anaconda Copper Mining
1247
184
(514
28
20%
4.
.18
16
90%
161
288
47
2.80 Chase National Bank
bid
bid
37#
684
1.00 Chrysler Motors. 3.40 Consolidated Gas of IE
Curtiss Wright
61t
321
48
k
30%
d Trust Co. unamtume: 12,00
Cathay Lands 18.10"
་་་ Yangteze Finance Co... 10,75. International Assurance Co. 6,25: China Bealties ** Shanghai Lands New Engines Shanglin
-15,00
39,00
7.75
142.000
201
242
3,00 Drugs, Inc. Janua 2.00 Du Pont de Nemours 2013.00 Eastman Kodak
Electric Auto Lite Co.
6%. Electric Bond & Share
Electric Power and Light. 40.40 General Electric 1.00 General Foods
1.00 General Motors Les Gillette Safety:</ 1.20 Gold Dosta 0.00 International.
International TEL- 4.00 Liggett & Myers 81.00 Loew's nee
Montgomery Ward
-2.80 National Biscuit
1:00 National City Baz 1:20 National Dairy Fi 10.00 Olis Elevator
2.00 Pacifo, Das & Electr Packard Motors 0.30 Pen
John H. Ferguson & Co,
12. B. 0. Shameen.
For Freight
The Bast
JOHN
INNERS & CO.LTD.
OF MERCI WILL BLEK BULLINNG (TOF
SLING