Messrs. Roza Bros. have for
MARKET
WEEKLY REPORT
"The investment section continues to be the dominating factor in the
GOLD STANDARD
ENDANGERED BY PUBLIC.
FINANCES
SHAREBROKERS? ASSOCIATION.
Salam Xomian).
FRIDAY. AUGUST 11.
Bayern Ballers
Mom!u»
DAILY SHARE QUOTATIONS
HONG KONG STOCK
Zaşırı Sebera
EXCHANGE.
HONG KONG DAILY PRESS, SATURDAY, AUGUST 12, 1933
MONEY AND MARKETS
Banks
$1,8001
1,795/1,600
H.T. Banks
$1,795
2128 £15
Do. (London).... Chartered Banks...
THE EXCHANGE MARKET
HONG KONG STOCK FINANCE AND THE
Ext
£15)
8941 Marcantile Bks "A
£97
Da
40
ka
MESSRS. ROZA BROS..
***
Bank of East As...
$101
N. O. &B. Barks ........
$7
REPORT
$20
Am..O. Fin. Corp
$5.40 Ch Fin. Corp. Ord. 8. **
35.00
Do. Pref. 8
Insurances
$310
Canton Insurancos...
$310
31:0 3580
Underwriters
......$1.95
"
M
Jaion Insurancea ....
L
3694
China Fires...........
3970
H.K. Fires..............
3545 $690 $169
381
International Assoc. 3.
shipping.
332i
Douglases kat
$18
Steamboata
*$34 $18
330
Indos (pref.)
$30
$321
01/3
Shelle......
115
Do. (def.)
Waterboats
$30
59/
A
· Mining -
130
Benguet
£335
Veneruela Gold Fida. 35
Kailina
·37-
25/.
$16
Langkata (single) 8.
$181
14
Explorations...... 2.
$4
| $8.40
Shanghai Loans 2.
$11
11/11.10
$11
19/
31 eta
$1.38
24.9
*U*****
$1294
13.80
$161
$5
$8.
Rauba ******
Tronoh Mines ... Benguet Explorations
Dočks, Wharve,
Godowns, sto.
H.K. & K. Wharves. † 31274)
Providents (old) ... $3.70" || $3.80
Do,
(μοπ) ...
H.K. & W. Docks
6. China Motors 'A'!
Do
"B"
3149 Shanghai Docks S.
#7!
New Engineerings 8.
#338 Hongkowi ....8.
||Lands, Hotels, andį Buildings
H.K. Hotele
་་་་
$6,90
H.K Lands........B.) 478;
77.10]
$781
$78
Shanghai Janda...8.
$14
Metropolitan Lands..
"se.10
H.K. Kealties...
$15
Chin Do......
$137
Do. DebenturesS.
$14
Humphreys
New Asia Hotel
$140
Asia Roalties “A” 8.)
$20
Do,
"B".
$22.60
$15
Chinese Estates.....
Cotton Milly... · Ewos"
8106 Shai Coitous.....S.
8141 Zoong Sings S.
Wing On Textiles(S.)
Public Utilities
Tramwaye ***** Frak Trams (old)....
Do
(new)...
$201 | Yauma Ferries...
190
$321 $12.65
$72
! ! ! !
14111111:
$140
$17
$54.
$148
$14.8
warded us the fallowing Exchange Market Report of yesterday..
Silver prices rose 1/8 yesterday for both deliveries, the quotations being 18 1/18 for Ready and 18 1/8 for Forward. Silver advices re- ported speculators 265 having bought. Amounts offering were sinal. The tone at the close was steady. In America the rate was slightly lower at 38 3/8 for Spot.
New York advices reported theį opening rate at 4.48 3/4 and the closing rate at 4.49.
Market,
Quiet, the tone was a shade easier than yesterday.
Sterling.
Business was done during the course of the morning at 1/4 20/38. for near delivery. The market. closed at lunch time with sellers at 1/4 7/8 August, 1/4 29/32 September, 1/4 15/16 second half September and 1/4 31/32 October, buyers at 1/32 higher respectively. Gold Dollars.
A small business was done at 31 11/16 for near delivery. There were sellers at 31 5/8 August and 31 3/4 September, buyers at 1/8 higher respectively.
Yen.
"!
market, and during the past week
some substantial lots of this class of shares have changed hands, with an unabated, demand at the close.
Faxia-France's nearly empty treasury is the crack in her golden
fortress.
+1
Among the smaller shares, Cemants were under constant presnances, say Bank of France officials, Only the wreck of her public f sure throughout the period.
In the mining section, Raube were in strong demand from the Straite and close at $11.10 bid. with very. few shares coming out.
BUSINESS DONE DURING THE WEEK.
H
i
ATC
can push the country off the gold atandard. They do not hesitate to say that government finances "somewhat unsatisfactory." In parliament and the press criticisms" are more direct.
The cloud of "
floating debt of 50,000,000,000 francs, about $2,500,000,000, hangs aver the ministry of finance and in the cash box for months there after has
H.K. Banks ex. Div. 81902, $1800, been only a small balance.
81793.
Canton Insurances, 8915. Union Insurances, $330, $355. Haubs, 811.10, 811. Hotels, 87.10, 87.
Lanch, 8791, 878)." Tramways, 360, 3921, -897.70. Peak Trame (Old), $15.65, Star Ferries, 106. Electrics, $7i). Telephones, 930,10, -830, | 820,00,
$99.80.
Cements (Combined), 86,05, H.K. Ropes, $8.
Dairy Farms, 829), 8901. Govt. Loans, 31% Premium.
Merchants were quoted at 115 CHANGES (3.15 pm.) CLOSING 3/4 for near delivery.
Shanghai.
Quiet. Sellers were indicated at 1/8, buyers probably at 1/3, 1/18 for August delivery.
Shanghai Dollars were quoted at 112 1/4 for August.
IN THE AFTERNOON. "The market was easier in the afternoon.
Sterling.
In Sterling business wad done at +109 1/4 7/8 for near delivery, 1/4 31/ 8141 32 October, finishing with sellers $90 at 1/4 27/32 August, 1/4 7/8 September and 1/4 15/16 October, buyers at 1/32 higher respectively.
25.70/23)
$151
$15
$7+
$8
Star Furries
186
$25
3123
$12.35
Do (now)... $12.40
Chins Lights (old).....| $12,85|$13, 5| 11285.
$74
H.K. Electrica...... 174
37 1
$23
Macao do.
27
$106
Sandakan Liglita...
$29.80
$30
2'-
16/
$15
$20
316
| Muogregora f(pref.)8.
36
15,40
$1.00
̈$20
$11
$191/4
Telephones........
$ China Buses ...... S.
Tractions
Dc. (pret.)......
Industrials
Malabon Sugare "...
Caldbeck, ord.) 8.
Canton lee
Cements (comb.)...
Do (old).
Ropes
Miscellaneous
Dairy Farcas
Der A Wing.....................]
$8
..Do.
Sinceres ****
Watsons roententeín
Gold Dollars.
Business was done at 31 11/18 for near delivery. The market closed with sellers at 31 5/0 August and 31 3/4 September, buyers at 31 11/18 for near and 31 7/8 September.
EXCHANGE.
CLOSING QUOTATIONS
$15
ON LONDON:-
$2
15.90
"Credita,
# August 15, 1933.
Telegraphic Transfer... Bank Bills, on demand Bank Bills, 4 months'
sight ******
months'
$8
aight
184
OS NEW YORK:-
142
Bank Billa, on demand al nex Credita, 60 days' sight.. nom
Credits, 4 months' sight 95
17
420)
ON PARIS:-
Amusemente
$17
11
Ch. Etainments...
Bank Bille, on demand 393
$3.90
Constructions, (old))
$11 $31
Do, (new),20 cts.
ON INDIA:--
$390
Lane Crawforda...... 34
Telegraphic Transter..1,
Mackintosha maua
Bank, on demand
Nanyang Tobacco...
$4.16
ON SHANGBAL:-
$13.00
$13.50
On Demand
484
ON KOBS:
39.10
Wm. Powellsmere
$1.50
$10
M. Greyhounds
+
ON MANILA:-*,
131
& C. Enterprises,
32
$4
United Thestras...8.
77%
'B. Ind. G. Bonda...)
On demand ON SINGAPORE:-
On demand
Bj
prem
H.K. Gort Loans... $103 ex int
"ON BATAVIA:
38
Wallace Harper ...........
On demand
51
$186 ELK Wing Os
$190
On Bargos
$185
On demand
R'bai 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
او
The Hongkong Dally Press
Canton Agente
John H. Ferguson & Co.
32, B. O. Shameon.
Tol. 18624
On demand
ON BANGKOK:-
QUOTATIONS.
Buyers.
Indo-China's (Def.), $35.00, China Lights (Old), $12.90. China Lights (New), 812.45. Electrics, 8744.
Bellers.
Cements (Com.), 3.70, Sinceres, $13.40,
Sales.
H.K. Trams, ́822.70/22), Telephones, 829.80. H.K. Ropes, $8. Dairy Farms, 929.
THE RAFFLES
HOTEL
TO "HOLD ON FOR PROS- PERITY'S RETURN''
<
SINGAPORE, Aug. 2. The adoption at the meeting yes terday, in the Exchange Room, of the statutory report, marked the completion of the first phase of the working of the newly consti- tuted Raffles Hotel, Ltd. Mr. E. N. Taylor, who presided, deaff with the work done since the last meeting of the creditors and, re- ported favourably on the progress made at both the E. and O. Hotel, Penang, and Rafles.
It was the ove of Mr. Taylor's departure on leave and before bid- ding farewell to the members of the company he spoke encouraging. ly of the future and urged share holders to have faith in the fu- ture of the Colony, which, he said, 614 nun would benefit when air, routes to the East and Australía, came into ezistance.
"A number of questions were raised by Mr. J. M. Rennie who, inter alia, criticised the com- mittea for not having consulted him on certain malters as they were passed. The directors pre- sent were Messrs. JA Clarke, N. G. Bishop C. V. Miles and W. J. Mayson
On demand. $34 · SOVEREIGNS, Bank Buying
BAR SILVER, For of 171/6
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE M.S. "FALSTRIA" Sailing on or about For SAN FRANCISCO, direct 3rd SEPT.
CARGO AND PASSENGERS ACCEPTED FOR SAN FRANCISCO, VANCOUVER, SEATTLE,
LOS ANGELES, ETC.
THROUGH BILLS OF LADING ISSUED TÖ `OVERLAND POINTS.
Excellent Passenger Accommodation
Passenger fares Hongkong/San Francisco from G3120 (1st class only)
For Freight and Passage, etc, please Apply to: -
.....
The East Asiatle Co., Ltd. The Chinese American Shipping
Agents
JOHNMANNERS & CO.LTD.
Company Agent HONG SLING
Offer : Mercantils BANK BUILDING (102 71008), 7, Queen's Ed. Crin
TELEPHONE: 24071 BORLAN
The unbalanced budget made it certain. "money must be borrowed for current expenses. This was done in March at 4 per cent with „bonds sold at 9815. Towards the
Was end of April more money needed and the chances for a suc 'cessful loan hers seemed so poor. that the
borrowed government $120,000,000 in London, arousing a storm of adverse comment.
Bargaining with 'Britain.
Among other things it was charg ed the government, in order to boz- | row the money in England at 21 per cent. for six months, had pro- mised to lift the 15 per cent, sur tax on British goods, imposed be cause of the fall of the pound. This the government denied.
:.
When more money was needed, it was felt impolitic to try_England again but to borrow in France it was thought necessary to increase the return by issuing bonds at good interest and at a stiff cash discount.
The fate of the franc, financial experts assert, lies in the combina- tion of the government need which will be incfeand rapidly by fall- ing receipts. Taxation of business has yielded less than estimated, as' cheaper dollars and pounds have caused French exports to diminish steadily while imports increased.
Parliament's tax increases caused a start of taxpayers' strikes, which remained isolated but created some alarm. Demands for inflation were mentioned in the chamber of dep uties as being urged by interested industries.
The government maintained bla firm outward attitude against de- preciation.
Even inflationists recognized that cheapening the frane to mest for- eign competition would be impos sible in parliament until economic forces demonstrated that it be done in self defense.
must
́UNCLAIMED TELEGRAMS.
AT THE GREAT NORTHERN TELEGRAPH Co., Ltd.
ADDRESSED
HeilbronEmpresa -
Canada Kobe Knipschildt Passenger
Ranchi... Sowis Smith Rawalpindi
P. O. Line Marley Andrelebon
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco.
To SAN FRANCISCO 19 Days via Shanghai, Kobe, Yokohama, Honolulu
Fortnightly sailings
Pres. Coolidge
To VICTORIA, SEATTLE 17. Dayş-
via Shanghai, Kobe, Yokohama
Fortnightly sailings
Aug. 18, 6 am.
Pres MoKinley
Pres Jackson - + 4 ***
Aug. 15
Prea. Hoover.
Atg.:00 Sept, 13
Pree. Jefferson.*********
Sept. &
Prez, Grant
Sept. 22:
Pres. Lincoln... Sept. 26
Fr
Sept. 30
Prea, Coolidge Fres. Wilson...
...Oct. 10
• Oct. 14. ...Oot. 38
Prom, Cleveland
Pros, Jackson...
Oct. 24Pree. Jefferson
ROUND TRIP FARES TO EUROPE & AMERICA. Special through rates to Europe via `United States. Direct connections with all Atlantae llnok Choice of rail lines across United States and Canada, liberal step-over privileges - for
Sight-seeing. Full particulars upon application.
Fortnightly via Sver to Europe & America
Fortnightly sailings on Saturdays vis Manila, Straits, Colombo, Bombay, Buez Canal, Alexandria, Naples, Gouse, Marseilles, New York and Boston..
Pres. Van Buren Prea. Gartialday 109 can no Pres. Folk
8 a.m.
Aug. 19
Prea Adams..
Sept. 2
Pros, Harrison
...Sept. 16
Ham.. .Sept. 3
.Oot, 14"
Pres. Hayes y ...: Oct. 28.
TO MANILA
Next Sailing .......Pres. Van Buren Aug. 19, 8 am Next Salling Pres. Jackson Aug. 19, 6 p.m.
Pres. Hoover Lake Fupt. 5 Pres. Palk...Sept. 16 Pres. Grant
Sept. 16
Pres. McKinley..............Aug. 29 Pres. Garfeld Sept 2 Pres, Jefferson ..............Sept. 3 Connecting with 8.8. MAYON TO CEBU, ILOILO, ZAMBOANGA
STEAMSHIP
DOLLAR AMERICAN
LINES
MAIL LINE
ZEDDIE BUILDING-HONG KONG.. CANTON „HKAKÖR:—4, GMAKER ROAD,”
NEW-YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
? (INCORPORATED IN HONG KONG.)
Tel. 28360-Gloucester Building, Room 306.
{REUTER'S AMERICAN SERVICE]
Dow Jones Average:
New York: August 10.
30 Industrials
90 Utilities
40 Bonds
20 Rails
High 1937 Low: Aug, 9. Aug, 10. Charge
108.27 36.53
37.73 89.07.
41:32,99.06.
13.23: 49.67
97.581.48 down
16.53 31.85 65.78 -88.12
49.20*1.38 downl 31.50 „35 down 68.19
.....07 up
Axia Landa, Limited, has received the following report from their New
York correspondents, E. A. Pierce & Co. The sudden break today has, 50 far been totally unexplained and it did not look particularly serious We feel that the market will feel this way for the time being. The" bearishness apparent in trading circles is lacking in concreto founda- tion. We think this week's market thin and increasingly professional and we believe in a broad trend upward. There is apparent lack of appeal in industrials, rails and utilities Wheat: Inflation belief con tinues and this with expectations of a bullish crop report steadied the market. The actual report of five hundred million bushels exceeded the estimates by twenty millions. With European requirements below those of 1932 and with a hedging season during the next two months there is little encouragement for advances. Silver: Market eased on scaterred liquidation after commision houses and banks had competed for contracts early in the session following the weakness in other markets. Cotton: Market rallied on buying by Wall Street and spor interests which attracted sales by cooperative brokers. Demand was insufficient to absorb such offerings. The weather continues favourable. Business Done: 2,820,000 shares.
1932
Drv: $ HIGH Low PRESE. 101
3.00 Air Reduction 3.00. Allied Chemical & Dya 2984.00 American Canada
American Smelting
0.50 Caterpillar Co
Last Sale Aug., 9. Ang, 10%
$101 $100
127" 124)
307
.1314 Uo
42
Sug
51
35₤ 342
1378
704. 9.00 American Tel. & Tel.
127
127
32
44
3.30 American Tobacco "B
·001
សទ្ធិ
11
1.00 American Waterworks
FROM
zit
Anaconda Copper Mining
16)
281
2.00 Auburn more DERRIDE
614
20$
Bendix Aviation musi
172
10
1.60 Borden Company
434
Canadian Pacific
Unzan
201
J. I Caio.........
Nikko
28g
* Shanghai
47
2.00 Chase National Bank
bid
Fbid
37#
· 1.00 Chrysler Motors
3:40 Consolidated Gas of NY,
F. V. JENSEN.
A Superintendent.
++
"-- Curtiss Wright
61
3.00 Drugs, no
29
9.00 Du Pont de Nemours .............
AT THE EASTERN EXTENSION, AUSTRALASIA AND CHINA TELEGRAPH.CO., LTD.
.87%
294
718
30
ADDITESID Victoriano Go Y.M.C.A.
Kowloon
FROM
331
241
Manila
Batoh
Manila
201
44
Long Chindentco Firtan
Calcutta
*20
Manc
› London
96
314
29
Manage
04)
-10%
Hong Kong, August 10, 1923.
FREE
BEER
$1282
3.00 Eastman Kodak....
Electric Auto-Lite Co..
6 Electric Band & Share Electric Power and Li 0.40 General Eléctric 1.60 General Foods 1.00 General Motors a 1. Gillette Safety-. 1:20 Gold Dust.......... 0.00 International Hary
International Tel. & 4.00 Liggett & Myers -1.00 Loess Lace Termontgomery Ward
2.80 National;
3.00 Nationa
1.20 National Dairy
0.00 Otil Elevator
2.00 Paci
Pack
0:30 Penú
Shoozy-V Kouum Con Texas Corporation
Trans America
Union Carbide & Cart Union Pacilo 12
United Air and Transport 0.40 United Corporation "United States Steel
Westinghouse E. & M.
25
247
377 37
311 1414
∙157·
bid