DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE.
SHAREBROKERS "ASSOCIATION."
-HONG KONG DAILY PRESS, TUESDAY, AUGUST
MONEY
Buyers Ballere
Balva
Konto
| SATURDAY, AUGUST 5.
Buyers Baber
Seler Woma
TURKISH COTTON
***
| 11,830
FOR JAPAN
}}
$101
$1,850
jaz div.] £125*
1
$20
Banks
H.K. Banks...... Do. (London) in 2152 Chartered Banks ... 5249 | Mercantilo Bks. “A” "0" Do. .Bank of East Axis...: N. C. & 8. Banks .... Am. O. Fin. Corp: 8.
15.30 Ch Fin.Corp. Ord. S. £35.00
Do.. Pref. 6
Insurances
Canton Insurances....
Underwriter
Union Insurances... $115.
China Firesoon)
H.K. Firest
86.25 International Assoe. S.
Shipping
Douglases diagonaa
Steamboats
3310 $1:0 $550
$105
3270
332
$324
⠀ ⠀
$30
*ST
$79
$7.19
$18
$30
indos (pref.)
Do. (def.)
60.
Shell
$16
28/9
$18
34
aa $2
8.
$278
19 01 11:
$8.40
$10
་་་
28 cts.
Waterhouta
Mining
Benguata
Venezuela Gold Fida$4.80
Kailans ......
Langkate (single) 8.
Explorations....!
Shanghai Loans 3.
Raubs
Tronoh Minos ****** Benguet Explorations
Docks,
Wharves,
Godowna, sto.
H.K. & K. Wharves)
Providente (old)... $3.70
Do.
Hongkwam....
*
29) $101
$7
W
*********
$310
$690
$34 રામ
$30
$30 58/
135
25%."
$167
$8
$9.80
IX.
$129
***
$3,80
3140
+++
917
Sbi
38
$148
$129
₤3.20
11.40
Do.. (new)
8161
H.K. &W, Docks
$10.
8. Chins Motors" A
$142
Shanghai Dock. S.
171
New EngineeringsSi
#339
Lands, Hotels, and
Buildings
+
H.K. Hotels
7/7.06
H.K landa.........! $781
$781
#39
Shanghai Lands...8.
$14
Metropolitan Lands..
$8.10
H.K. Realties,arene
$15
China Do
$137
Do Debentures8.
14
Humphreys
314
wo
New Asia Hotel
1531
$140
Asia Realtio “A”§.
$20
$.7
Do. Chinese Estates ...........
"B"
Wh
Cotton Mill
116
$14.65
$14.85
ቅ"
Ewos .................................
$106 S'hai Cottons...... 8141 Zoong Singe...... S.
Wing On Textiles(5.)
530
+
$8
F
FIGH 8144 $90
371
$25)
Public Utilities
522 $22.85
Trausys ********
$222.3.3
237/29 80
$15
Poak Trains (old) ...
$72
Da (new)...
$95
$96
Star Ferries...... (95)
$25
Yaumati Ferrier
312)
China Lights (old)...
9:24
$12.90
31235
Do (DOW)... $12.35
3741
5714
H.K. Electrica
3743
$23
Macao do...........
$104
Bandakan Lights .....!
336
10.10
Telephones...
China Buses
8.
3291
$11
.85 pti.
$15
$20
$16
16.10") $2.05
...
16
$1.05
$13.00
quum du201
prem
Tractions LOUISIA
Do. (prof.)
Industrials
Malabon Sugars
Caldbeck, Yord.) 2.
Macgregora f(prof.)8.
Canton Ives..................
Cements (comb.)...
Do.
$8:10 Ropes
Fir
130
FIRST SHIPMENT RE- CEIVED AT OSAKA
1
Tokyo, July 97.-A shipment of 1,050 bales of Turkish raw cotton will be received by the Tokyo Spin- ning Company on board the Lyons Maru due at Osaka this afternoon. The vessel left Izmiel on June 15, This is the first Turkish shipment, and in view of the boycott of Indian cotton, its results are being watched with much interest.
AND MARKETS
BANK POLICY IN JAPAN
INTEREST HIGHER IN COUNTRY THAN IN TOWN
P.I. TRADE WITH
U.S.
SECOND PLACE AS SUP- PLIER OF MATERIALS
Manila-The Philippines has jumped from third to second place as a supplier of materials to the United States, being now exceeded only by Canada
The Department of Finance may urge largs, commercial banks in Tokyo and Osaka to fix their rate
Official figures received by E. D. of interest on deposit accounts at their branch offices in provincial Hester, American trade commis- districts on the same basis as at aloner, from the bureau of foreign their heads offices. Mort banks at and domestic commerce, department present pay a higher rate of in- of commerce, Washington, show terest to depositors in rural disthat during the first five months this year the Philippines exported triots than those in towns.
to the United States $45,048,418 worth of goods as compared with $55,160,788 "trom Canada. Last year during the same period Philippine goods sold in the United States amounted to 841,245,638,
Mr. Watanabe, purser of the Lyons Maru, is quoted by the Japanese press as saying:
The
Branchas to be Closed.. present consignment comprises cotton produced in the Izmiel dis-
Not long ago, as already report trict, and it compares favourably ed, Mr Takahashi, Minister of with Indian Broach grade in
Finance, attributed the unsmooth quality. The Izmiel district Pro monetary conditions in rural dis duces about 800,000 piculs every triets to the activity of large town YNLY. The district has been in a banks who merely absorb and do devastated state since the 1099 re- volution, and if the reconstruction not give loans there. The Bank makes progress; the outlook will be-ing Bureau has since been endea vouring to formulate some definite come much more promising.
"Kemal Pasha enacted control of policy on control of banking or Forced gans in all prefectures. foreign trade in April last year. sale of branch offices to local It, therefore, Japan starts to buy banks or forced closure of these Turkish cotton on a permanent branch offices at an opportune mo basis, it will greatly assist Japan's ment is expected to be incorporat- exports to that country.. The Yoko ed in the new policy. Maru; owned by the Kokusai Kisen, is likely to leave Izmial on Sep- tember 8 with another batch of Turwisha cotton.”
How the Bargain Dame About.
The Foreign Office learns from Mr. Murakami, Councillor of the Japanese Embassy in Turkey, that the Turkish Government has now definitely agreed to extend the pro- visional trade agreement to Feb ruary the provisional trade agree- ment to February next. Mr. Mura- kami adds that the things are pro- gressing favourably for an early conclusion of a permanent treaty.
Unification,
The Japanese press now under stands that, as one of the practical measures. the Finance Department intends to urge all leading banks in Tokyo and Osaka to unify their official rate of interest on deposit accounts." Large Tokyo banks at present, pay only 3.7 per cent. at their head offices but allow five per cent, in the Tohoku district.
Big Banks Uzatected.
One
It is stated that such banks as the Japan Hypother Bank and the Fudo Savings Bank,
of the For the reason that whereas largest banks of the kind, have Turkey buys annually P.6,000,000 already been unifying their rate of worth of Japanese goods, Japan interest, regardless of local agree buys only ten per cent. of that quan-ments. The unification of the rate tity from Turkey, the Turkish will not affect the large Tokyo and Government some time ago notified Osaka banks to any serious extent, that the provisional treaty would because the rate of interest in the expire on August 5, Japanese six spinners who recently voted for the boycott of Indian cotton has since concluded a contract with Turkish cotton growers for Y.600,000 worth annually. This reciprocal pro- 'posal caused the Turkish Govern ment to change its attitude.-Japan Chronicle,
CANTON SILK MARKET
LATEST QUOTATIONS
Osaka, Kobe, Kybto. Nagoya and largest cities viz. Tokyo, Yokohama is usually the same.
Favoured Clients,
The Philippines continued as the seventh best customer of the United States, the same place it held at the end of May, last year. During the first five months this year the Philippines bought from the United States $17,722,287 worth of goods as compared with $90,748,973" during the same period last year.
LL
U.S. Exports.
The export trade of the United States to Europe from January to end of May, 1933, declined ap proximately 91 per cent, from 8341,000,000 to 8272,000,000.” Exports to Canada declined from $112,000,- 000 to $87,000,000; to Mexico and the Caribean, from $54,000,000 to $49,000,000
Exports to South America were stationery at $38,000,000, while ex- ports to Asia declined from $140,- 000,000 to $94,000,000. Most of this loss is due to a serious drop in exports to Japan, During the first five months of 1932 Japan took 870,000,000 worth of goods from the United States as compared with $43,000,000 during the same period' this year.
countries, the In relation to United Kingdom and Canada con- tinued to hold first and second places, respectively, as buyers of American goods. Third place was held by Japan in 1933 and Germany was fourth, but the two exchanged. positions during the first бус months this year, Germany taking third and Japan fourth.
Daring both periods France held fifth place. Italy, which was in eighth place last year, jumped to sixth this year, while China, which in 1032 was sixth, dropped to eighth.
The suggested unification will be effective in removing the danger of
A drop however, of approximate- the large town banks allowing aly P.16,000,000 in the overseas trade high rate of interest to favoured of the Philippines was registered clients on the pretence that the de- during the month of June as com posits were received nt. their pared with May, this year, accord- branch offices.
ing to figures just released by the bureau of customs. Last year's trade. WES also approximately" P.8,000,000 less than for the same month in 1932.
COTTON MACHINERY
JAPAN AS AN EXPORTER
TOKYO, August 1. Тарат is now" a competi. spinning weaving machines. Her ex- 630 Pports for the first half of the year exceeded Y.2,000,000, an increase of 510 PY.400,000 over the corresponding 470 N period of last year. The position is arousing much interest in many quarters.
August 3, 1933.
H.K.$tor of Britain in
690 N and
SIA
$6
26.10
(old)...
$5
Do. (u)...
31
The Kwangtung Raw Silk Tent- ing Bureau. Department of Recon- struction of Canton:
$81
Miscellaneou
1J
Extra O.S
Dairy Farroa
$29
$1
Der A Wing.........
Small Extra O.S.
Amusementa
Best No. 1,0.8.
Ch. Etainment.......
$11
Crack N.S...
13/15 13/15 13/18 14/18
$3.96
Constructions, (old);
$31
Extra Extra
20/22
Do.
(new) 20.cts.
Waste N.S. Open
$3.90
Lane Crawford.....| $4
121
Mackintosha
Nanyang Tobacco...
$4.15
$13.80
...
$2.10
$1.90.
$10
M. Greyhounds
8. C. Enterprises 17.
$2
Asked
14
United Theatres ....... 8.
Bid
Sincaren
Watsons.*.***>****
W. Powells.
79, B. Ind, G. Bonda...
H.K, Gort. Loans... $U3 ex int #1034|
Wallace Harper,224.
***
$8
$185
ALK Wing On ............
K'hai
Do
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 Agents
John H. Ferguson & Co.
32, B. C. Shameer.
Tel. 18624
05
NEW YORK QUOTATIONS
August 3, 1933.
U.S.$1.88 Biz V.S.$1.81
YOKOHAMA QUOTATIONS
$190
$755
Spot
August 4, 1933. Yen 850 Bourse 6 Mos. Yen 822
Total P.I. Trade in June.
The total overseas trade of the Philippines last June was P.23,626,- 423 as compared with P.30,520,408 for May and P.29,588,635 for June, 1839. This slump in the "Islands trade was due principally to a de- etcast of over 50 per cent. in the export trade of the Philippines. -
Last June the exports were valued May amounted to P.35,533,028 while 14 P.12,000,113. The exports for for June, 1932, they were valued at
P.14,153,430.
The importe for June, this year, amounted to P.11,020,312 as compar ad with P.13,893,380 for May and P.15,435,205 for June, last year. Despite the heavy drop in the Islands' total trade, however, the Philippines continued to maintain a favourable balance of trade in the amount of P.373,801.
For many years Japan was de pendent on Moreign countries, particularly Manchester, for spin- ning frames, looms and finishing machines. Conspicuous progress has been made in recent years in her domestic machinery industry. Manufacturers are now in a posi- tion to make all machines except a few accessories. Not content with
Although the Philippines export trade with most countries increased the domestic market, they have in June as compared with figures been expanding their overseas mar- for. May, exports to the United ket, specially China and India, States decreased by over "P.14,000,- taking advantage of the cheap yen000, which caused the general trada exchange.
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.
Excellent Passenger Accommodation
Passenger fares Hongkong/Ban Francisco from G8120 (1st class only) For Freight and Passage, etc, please Apply to: The East Asiatic Co., Ltd. The Chinese American Shipping
Company
Agent JOHN MANNERS & CO, LTD,
HONG SLING Ofice: MandawTILL BARE BUILDING (TOP FL001}}}7, QUEEN's RD
Agente
of the Philippines to drop." The value of the June exports to the United States was P.10,166,895 as compared with P.24,199.332 for May. Imports from the United States last June amdanteti to P:8,284,054 #3 against P.8,850,807. This slump was responsible for the P.3,000,000 drop. in the import trade of the Islande.
·HOPES FOR NEW CUNARDER
'*' NEGOTIATIONS GOING. WELL"
'London. — MË. D. Kirkwood, Labour M.P. for Dumbarton Burghs, stated yesterday in an in- terview that the prospects of an early resumption of work of the unfinished Cunarder at Clydebank were improving.
I have had an interview," be said, with Mr. Neville Chamber- lain, the Chancellor of the Bache quer, and he empowered me to state that negotiations are going well between the Canard Company and the White Star Line, with a view to the restarting of work on 534- in the yard of John Brown, Ltd., at Clydebank.
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco.
To SAN FRANCISCO 19 Days via Shanghai, Kobe, Yokohama, Honolulu
Fortnightly silings
Pres. Coolidge mảng, 18, 6 sum. Pres. McKinley .............................Aug, 30 Pres. Hooverseas saite Sept 13 Pres. Lincoln... Sept. 28 Pres. Coolidge Oct. 10 Prsa, Wilson said. Oct. 14'
TO VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Tekohama
Fortnightly sailings
Aug. 11, Midnight
Pres. Cleveland Pres. Jackson....... Pres, Jefferson.... Pros Grant SOLLICE BUTT Pre, Cleveland...
·Pres Jackeongchan
Ang. 3- Sept. 8
Sept 10
.Out.
„” ROUND TRIP FARES TO EUROPE & AMERICA,
Special through rates to Europe via United States. Direct connections with all Atlantic lines, Choice of rail lines acros United States and Canada, liberal stop-over privileges for Bight-oring. Full particulars upon application.
| Fortnightly via Suez to Europe & America
Fortnightly sailing on Saturdays via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Ganon, Marseilles, New York and Boston.
Free. Van Buren Prom Garfield Pres. Polk
TO
Next Sailing
*ar*% 3..
Frea. Adama
Aug.
19 Sept 2 .Sept. 18
Pres Harrison
8 $0. Sept 3 .Oct.
MANILA
Ang. 8, 6 p.m.
*Pres, Jefferson ........ „Sept."" 2-
Free, Van Baron Prsa. Jackson
ADg. 19 Aug. 19
Pres. McKinley.....Aug. 22 Fres. Garfield ....
Près, Hoover ........ Pres. Folk...
....Sept. 1
Hept..& Sept. 16
Connecting with 8.8. MAYON TO CEBU, ILOILO," ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN
FERDER, BUZLDING-HONG KONG, CANTON BRANCH:-4, SHAKKE BOAD,”
LINE
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED, IN HONG KONG)
Gloucester Building, Room 308.
[BHUTER'S AMERICAN BERTICE)
New York: August 4...
Dow Jones Averages:
High-1039
30 Industriais
108.37
50. Haile
56,63
27.73
89.07
20 Utilities 40 Boods
Low: Aug 3. Aug, 4.
41.2294.10
13.23.47.23 18.53 31.35
65.78 87.97
Change
92.8% 1.48/down
48.77
.46 down
30.73.82 down
87.91
.06 down.
4sta Landa, Limited, has received the following report from their New York correspondents, E. A. Pierco & Co., Wheat: The wheat hedging season will continue for about six weeks. It seems the market must have some bullish news to absord hedges without a decline in prices... Cotton: There has been continued selling by co-opparative Associations.. Brokers and the Trade have been the principal buyers, and some further evening-up is anticipated before Tuesday. However, there have been. no material finctuations either way.” Business Done: 500,000 shares.
406
LAST BALK
1932 Drv. HIGH LOW PEL SH. -1011
Aug, 3.Aug., 4-
301
· 3.00 ̈ Air, Beduction
$98
$95.
131+
42
6:00 Allied Chemical & Dye
1178
Jor
291
4.00 American Can...
31
American Smelting.
33
33
1371 93
70)
9.00 American Tel & Tal. 5.00 American Tobacco "B" 1.00 American Waterworks
Anaconda Copper Mining"
124
123
17
28
644
41
'18
32 311
71
101
16
181
J. I Case ....
286
4
0.50 Caterpillar Co.
201
178
2.06 Chise National Bank
281 bid 28) bid
1.00 Chrysler Motors.
32
·517·
682
208
811
831
87
201
* * * * * * * * * * 82898885826862 2885
402
2.00 Auburn *****************
Bendix Aviation......
1.60 Borden Company
Canadian Pacific
3.40 Consolidated Gas of N.Y.
Curtiss Wright
8.00 Drugs, Inc.
2.00 Du Pont de Nemours: 3.00 Eastman Kodak ...
Electria Aute Lite Co.
6%. Electric Bond & Share
Electric Power and Light... 0.40 General Electric 1.60 General Foods
1.00 General Motors
1.00 Gillette Batsh
1.20 Gold Dust
0.00 Interfational Harvester
International: Tal. dt Tel. 74.00 Liggett & Myers" B
100 Loew's-Id-
Montgomery Ward
2.80 National Bisonit
1:00" National City Bank
1.90 National Dairy Products
0,60 Otis Elevator
L
2,00 Pacific Gas & Electric
Packard Motors
0.50 Pennsylvania' Railway
Badia Corpa.
Sears Boebuck..... 1.60 Standard Brands:
Standard G58
1981
0.40
66
Testinghouse
• 1 ̄ × 1 × 6 £ £ ÷ 6 ÷ 3 ÄRUS-1876ƒ-188ÄGEECE JERES***** 426-3,
bid 32
115 115
314