DAILY SHARE QUOTATIONS
HONG KONG STOCK
Bu yere Sailers
31,805 21281
132)
$23
*!!!!
!!!!!!!!
EXCHANGE.
2164 E24
SHAREBROKERS'
ASSOCIATION.
MONDAY, "AUGUST 14.
Sallere Payera
Bain
Nomina
Banks
H.K. Banks
Do. (London)... Chartered Banks.... Mercantile Bka "A"
Do,
Bank of East Asia........
$1,805
2154
£94
291
5101
1"
$7
N. C. & 8. Banks
$20
Am. O, Fin.Corp: 8.
Do.
Prof. 8
7600
30-40 Ch Fin.Corp. Ord. 8.
Insurandes
$315 Canton Insurances...
Union Insuranous...
38 International Assce, S,
***
145
$310
***
$545 $590 5863
HONG KONG DAILY PRESS, TUESDAY, AUGUST 15, 1933.
MONEY AND MARKETS
HONG KONG STOCK
MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
al
If the single sale in Electrics officially reported is to be accept ed as a criterion, the day would seem to have been an utterly blank one, and the condition of the mar ket may be described na listiess, with no interest belog shown either by investors or operators.
Sales.
Hong Kong Trams, 922.70. China Lights (Old), $13. Electrics, $74.65.
Telephones, $20.80.
Hotels, 87.10.
Sallers.
Malabon Sugars, $15.
Dairy Farms, 999).
Sinceres, $19.40
Buyers.
Hong Kong (London Reg.), £128
Douglases, 832).
Indo-Chinas (Del.), "835.
Raubs, 811.30
Venz: Goldfields, 851.
Benguet Explorations, 30 cents.
$1.00 1650
Underwritera
***** $1.98
$695
China Fires
$976
H.K. Fires......
Shipping
Douglases
#18
Steamboats
SIN
$30
Indos (pref.)
$30
Do. (def.)
$10
Shalla .....
52/-
115
Waterhosta
315
Mining
$301
Bangust.....
335)
Vanezuela Gold Fida.
$51
34/
Kailans
$16
Langkats (single) 8.
25/-
Hong Kong Banks, 81905.
$182
34
Explorations..on Si
警告
Bank of East Asia, $101.
$6.40
Shanghai Loans
$8
Union Insurances, $550.
$11.30
Raabs.
$11
Underwriters, 31.80.
Tranoh Mino
30 ats.
Benguet Explorations
19/
Docks, WharvOS,
...
Godowna, sta.
$12
H.K. & K. Wharros.
$127
$3.00
Providents (old) ...| $3,70 $3,80
11.35
. Do.
(new).
H.K. Lands. #78),
31.40
$16)
H.K. & W. Docka
917
Hong Kong Trams, 8293.
#6
$8
S. China Motors A
Do.
Peak Trams, (Old), #15h,
+
$5
Star Ferries, 6901.
$142 Shanghai Docks S.
$148
#72
372
$139
$7.10
101
$781
$33
$14
Metropolitan Landa.
$7.9'
H.E. Realties.............
$15
Chins Do.....8.
$137
Do. DebenturesS.
New Asia Hotel
*$140
Asin Realties "A" B.
$20
Do. "B" N.
$7
Chinese Estates ......
Cotton Mills
315
Ewos
314.87
+105
$144
⠀⠀
#1!!!
#!
New Engineerings8.|
HongkE 0.8.
Lands, Hotels, and
Building"
H.K. Hotels
H.K Lands.8.178
Shanghai Lands...S.
$14. Humphreys ***
$224
$10
| 123,70]
$106 S'hai Cottons.......
8141 Zoong Sings
*25
Wing On Textiles(S.)
Public Utiliting
ولوم
$3.80
37.80
190
Tramways....
122.80
4x4
Peak Trama (old).....]
#71
Do. (new)...
$.5
Star Ferries 195
$263
Taumati Ferries
574
$231
19.05
113
Chins Lights (old).....| $14.90)
$12.40 $741
Do. (now)... $12ġ
9746
H.K. Electrics ......
$74)
$23
Macao do
#104
Bandakan Lights ...
$19.80
$20,80
Telephones......
29,60
8:11
China Buses ...) 5. Tractions
16.
Do. (pref.)....
Industrials
$15
Malabon Sugarak
$15
$20
Caldbeck, "Yard.) ?.
316
Mungregors (pref.J8.
Canton Ives *********
$8
1970
Cements (comb.)...
45.70.
ru
(old)...
(now)...
$1
31.05
$8
Do... Do Ropes
-Miscellaneous Dairy Farina senzatia
Sinceres
Watsons
329+ $291
$11
$294
Dar & Wings.com...
Amusemente
-
Ch. Etainment....... 1102
*$3.90-
Constructions, "(old)}
$31
.80 cts.
Do, (DoW):e0cts.
..$3.50 #21
Lane Crawfords...... 4
Mackintosh
Nanyang Tobacco...
$1.15
$13.40
$18:40
19.
++
183
$2.10
Wm. Powalls.............
$1,50
$10
M. Greybounds.
#31
8. C. Enterprises ...
34
United Theatres ..... 8.
77%
B. Ind. G. Bonds...] 7'7"/"
33%
preno.
LB. Gort, Loana... $103
18
Wallace Harper.................
$185
H.K Wing On ...
$190
$155
S'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
Danton Agents
John H. Ferguson & Co.
32. B. C. Shamesu.
18624.
China Lights (Old), $12.95.
China Lights (New), "812.40.
Electrics, $74.
Telephones, #29.60.
Singapore Tractions, 2/-
Singapore (Pref.), 15/-
Dairy Farms, 201.
Amusements, 811.
Constructions (New), 80 cenia. Govt. Loans, 3 per cent. Prem.
SHEEP IN MANCHURIA
PRIVATE ENTERPRISE AND GOVT. HELP.
Tokyo -With a view to discussing the projected establishment of the Japan- Manchuria Sheep-mising Association, as already noted. Mr. Nagai. Minister of Overseas Affairs, invited many private parties interested in the wool industry to his official residence Wed- nesday afternoon (Tst instant).
THE EXCHANGE MARKET
MESSRS. ROZA BRŪS., REPORT
Messrs. Roza Bros. have for- warded us the following exchange market report for yesterday-
Silver prices dropped 1/18 over the week-end making the quotations 17.7/8 for Ready and 18 for For- ward Silver advices reported speculators as having sold to a small extent. China bought. The tone at the close was steady, In America the rate whs lower at 38 for Spot.
New York advices reported the dross-rate as being 4.381.
Market.
Dull, the tore was steady.
Sterling.
:
The market opened with sellers at 1/4.23/32, buyers bidding 1/4.3/4 resulting in a small business at 1/4. 23/38 for near delivery followed later by a couple of transactions at 1/4.23/32 for September. The mörket closed at lunch time "with probable sellers at 1/4.31/32 August and 1/4.11/16 September, buyers probably at 1/4.11/18 for cash and 1/4.83/32 September.
Gold Dollars.
Nothing doing. There were sell: ers at 31.1/16 for near and 31.3/16 September, buyers' at 1/8 higher. respectively.
Yen.:
Merchants were quoted at for near delivery,
||
TO "BALANCE” JAPAN BUDGET
Domestic Bond Issue
TEAVY DEFICIT PILED UP BY MILITARY EX-
PENDITURE
TOKYO, Aug. 7.-Japan again in teuds to "balance" her budget by a domestic bond issue, Finance Minis- ter Korekiyo Takahashi told news. paper correspondents in an interview.
The minister, summering at his villa in Hayama, professed not to believe that the army and navy will wreck national finance with their ex- orbitant demands for appropriations for the coming fiscal year, but be admitted current income will not be sufficient to meet the "necessities of national defenses.”
More Bonds Needed.
The current budget, as-approved by the cabinet last November 25 and subsequently by the Diet, called for 2,289,825,728 yen and was the largest in history. Takabashi admitted the 1983-34 estimates will be even larger. The present budget was "balanced" with a bond issue of 896,403 257 yes. 1141|| The Minister admitted an even larger Bond issue will be needed for the coming fiscal year. He was confident, however, financial institutions will be able to absorb the bonds He ad- mitted there was little if any pos- sibility of obtaining foreign loans.
Shanghai" Dollars, Shanghai dollars were quoted at 111.7/8 for cashi
Shanghai.
Quiet, the undertone was easy. Sellers were indicated at 1/2.7/8 for near, buyers at 1/2.15/16 for Cash.
IN THE AFTERNOON.
In the last budget the army got 444,888,252 yen while in the new bud- get, now in preparation, War Minis- ter Sadao Araki has asked for appro“. The market was fairly brisk in ximately 542,000, 00 yen. The navy the afternoon."
saks for almost as large a sum, and, spurred by the United States naval construction programme threatens dire consequences if it were not met.
Sterling,
#
In sterling business was done at 1/1.23/32 for September delivery, finishing with sellers at 1/4.11/16 for cash, 14.23/32 September, buy ers at 1/32 higher respectively.
Gold Holları..
Despite this apparently impossible situation the Finance Minister pro- fessed not to be alarmed. Officials of his ministry, he said, are confer The market closed with sellers at ring with heads of the government 31.1/16 August and 31.3/16 Septem- departments this mouth and will sub- her, buyers at 1/8 higher respective-mit the various draft estimates to
Work Already Done." Mr Nagai, assisted by Mr. Kawata, explained the Government scheme. An improvement in sheep farming and. the increase of wool production, they said, have been engaging constant attention of the Government-General | ly." of Kore, as well as the Manchukuo Government. For the succes of the scheme, however, it is necessary to enlist private eo operation Hence the present plan to establish an associa tion.
Guiding and Suba'dising. All the private representatives fully appreciated, from the national point of view, the need of improving the sheep- farming industry and increasing the production of wool. They expressed their readiness to support the now Association as an organ to guide ard subsidise sheep farmers in Manchuria. As the result of the discussions the following plan was definitely decided
on:
1.-Name: The Japan-Manchuria Sheep raising Association (a Zaidan Hojin or foundational juridical per
son).
Of this 2-Cupital: $2,000,000. total, Y1,000,000 to be defrayed by the Japanese and Manchukuo Govern- menta, Y700,000 by Japanese wool traders and Y300,000 by the South Manchuria Railway Company. (The Japanese wool traders to pay by tan yearly instalments or, Y,70,000, a year).
EXCHANGE.
CLOSING QUOTATIONS
ON LONDON,
August 14, 1933.
Telegraphic Transfer... Bank Bills, on demand 1/4 Bank Bills, 4 months'
sight... "Credits,
sight
嚆
- months'
1/5)
Os NEW YORK:-
Bank Bille, on demand 30 nom Credits, 60 days' sight.. nom ON PARIS:-
Bank Bills, on demand sso Credits, 4 months' sight 920 ON INDIA
Telegraphic Transter... Bank, on demand...}81}
ON SHANGHAI £***
On Demand ON KOER
him next month. Final arguments then will be started and the eventual estimates arrived at probably during November before the Diet convenes December 24.
Monopoly Discarded,
The Minister doubted the feasibili- ty of a scheme prop sed by Dr. Ki saburo Buzaki, president of the Sei- yukai-dominant political party-to raise funds through the creation of a state mouopoly to control the sale of bear, sake and other alcoholic drinks. He admitted Dr. Suzuki's estimate that from 100,000,000 yen to 200,000,000 yen might be added na- tional revenue annually by an alcohol monopoly might be correct, but asserted the government was without funds to create the monopoly. Be. sides, Takabashi intimated, Japan has enough monopolies already and to carry the idea farther" would be
13
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco
TO SAN FRANCISCO 19 Days · To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama, Honolulu
Fortnightly salling■ “ Pres. Coolidge ............Ang. 16, 6 am. Pros. McKinley Aug, 30 Pres. Hoover. Sept. 13 Prea, Lincoln... Sept. 26 Pres. Coolidge ... Oct. 10 Free. Wilson
...Oct. 24
via Shanghai, Kobe,
Yokohama
Fortnightly sailings
Pres. Jackson Ang. 25, Midnight Pros. Jeferson... Pres. Grant
Pres. Cleveland ... Pros. Jackson,.. tres. Jefferson
.........Sept. 8
414
Sept. 22 ....... Sept. SD
Out 14. Oat. 28
ROUND TRIP FARES TO EUROPE & AMERICA,
Direct Special through rates to Europe via United States. connections with all Atlantis lines. Choice of rail lines, acCTONI United States and Canada, liberal stop-over privileges. for Sight-seeing. Full particulara apon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandris, Naples, Gente, Marseilles.
New York and Bostan. -
Prés. Van Buren Proa, Garfield... Pres. Polk ....
8'a.m.
Aug. 19
Pren. Adams.**
Sept. 2
Pres. Harrison
8ept. 16. Free, Hayes
TO MANILA
8.
Sept. 30
Oct. 14
Oct. 38
Next Sailing ...... Pres. Van Buren Aug. 19, 8 a.m.
Next Sailing
„Pres. Jackson Aug. 19, 6 p.m.
Pres. McKinley..........................
Ang. 23
Pres. Hoover.
Sept.
Sept. 2
Pres. Folt
Bept. 19
...Sept. 2.
Pres. Grant
Sept. 16
Fres, Garfield
Pres. Jefferson ..............
Connecting with 8.8. MAYON 7. GEBU, ILOILO, ZAMBOANGA
STEAMSHIP LINES
DOLLAR
AMERICAN
MAIL LINE
PEDDER BUILDING —HONG KONG,
CANTON BRANCH:--4, SHAKER ROAD."
NEW YORK STOCK EXCHANGE
ASIA "LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG.)
Tel: 28380-Gloucester Building, Room 306.
[EBUTER'S AMERICAN
New York: August 13.
Dow Jones Averages: High-1932
Low: Aug, 10. Ang, 11.
Change
30 Industrials
30 Baila
108.97 58.53
}
41.22 07.58.
13.33 49.30
97.47 49.27
.11 down
.06 down
20 Utilities
37.73
89.07
16.53 31.50.. 31,34 35.78 88.19 68.15
.02 down
.04 down
40 Bonds Asia Lands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. The market is colourless and Apparently mildly swayed by dog-day rumours. We believe that a desire to wait the Code's outcome is deterring activity in taking pogi- tions. Wheat: Selling by Eastern interests, plus Winnipeg's weakness depressed the Chicago market. There was a small Canadian demand. Cotton: The opening rally lost under liquidation and Southern selling Trade demand was iarafficient to absorb offerings Silver: The steadiness was exceptional, after the decline on sales by commission houses and foreign interests. The market later rallied on banks and trade buying. A lack of selling pressure featured recent marketė. Business Done: 1,340,000 shares,
LAST BALN Aug, 10. Aug, 11.
1832
HIGH
Low PE SR,
1014
30%
3.00 Air Reduction
#100 #1011
131
29
6,00 Allied Chemical & Dy 4.00 American Can.....
1124
123
B01 8711
40
5
American Smelting.......
34
344
1378
701
408
$.00 American Tel. & Tel. 5.00 American Tobacco AB 1.00 American Waterworke
127
128
873
30
30%
Aseconds Copper Mining 2.00 Auburn B
17}
17
110.
1134
20
43
61 nom
to stifle individual commercial ini- tiative..
201
901
284
On demand
On demand
568
58
With regard to additional domestic. bond imue the Minister called aften- tion to the fact the Japanese govern.
473
37#
0.50 Caterpillar Co. 2.00 Chase National Bank- 1.00 Chrysler Motors
681
4
a.00 Drugs, Inc.
87
1.00 Eastman Kodak
On demand. ON MANILA:---
On demand ON SINGAPORE:---
On demand
ON HATAVIA
a-Time of establishment; - In 1934. 4.--Business: As-the expenditure necessary for guiding and encouraging the sheen-farming, the Association to defray 100,000 a year for ten yeaTS SAIGON:- This amount to be drawn from the interest borne out of the above 'Y200- 300 fund, any shortage being sub- sidised by the Government each year.
6-Subsidy: The Government sub sidy for the first year to be Y83,000,
Japan Chronide,
ON BANGKOK-
On demand SOVEREIGNS, Bank Bartug
Rate
·BAR RIEVER, per os
177
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE
M.S. "FALSTRIA' Sailing on or about For SAN FRANCISCO, direct 3rd SEPT.
CARGO AND PASSENGERS ACCRPTED FOR SAN FRANCISCO, VANCOUVER, SEATTLE,
LOS ANGELES, ETC.
THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.
Excellent Passenger Accommodation
Passenger fares Hongkong/San Francisco from G8120 (1st class only)
For Freight and Passage, etc. please Apply 1
The East Asiatic Co., Ltd. The Chinese American Shipping
JOHN MANNERS & CO.LTD.
Company
HONG SLING
#zila Bark BurlmING (20P FLOUR), 7, QUEIT) RE, UzETRAL,
ment never has failed to meet interest.
and capital payments on any of its debts, either domestic or foreign when they fell due, and, he added, "as long as Japanese remain se, VA. always have been you may be sure no Japanese government ever will fail
to meet its paymeáis.”—United Press.
30
ETTE TERASEGET EXET 2,29 317837868836867999330 484919285
44
TEA QUOTA IN JAVA
204
FIXING STANDARD
PRODUCTION,
“Madan, Ang, £-The Bataviaasch Nieuwsblad states that the Director of Agriculture, in co-operation with the Advisory Committee, has made. preparations to fix the standard pro, duction of t
of tes estates
pub
The referencs Hats will officially and notion of protest be within four weeks”: 17ho saaneə stated that disiculties have arian in mid Priangan in connection Cuzte ezative which is considerably. supplying greater than dealers are allowed bary? It is thought ad vimble tó Issue more buying licences in order to assist the ive" population. →→ Singapor's Free
Bendix Aviation 1.60 Borden Company
Canadian Pacific
out
...
3.40 Consolidated Gas of N.IN:
Curtis Wright
4.00 Du Pont de Nemours
Electric Auto Lite Co....
4% Electric Bond & Share
Electric Power and Light 0.40 General Electric
19 1.60 General Foods
1.00 - - Generál Motors "Tea' Gülfates Safety **
1.20 Gold Dustin 0.80 International Harves
International Tek
4.00 Liggett & Myeri B 1,00 Loew's Inc. ***
—
Montgomery Ward
20 9.80 National Biscuit ?
100 National City Ba
1.90 National Dairy
0.00 Otis Elevator
2.00 Pasifle Gas & Electric
Packard Motors V
0.50 Pennsylvania." Rail- Radio Corpo Seara Rosback
1818819