DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Buyer Ballers
ነ
Sharebrokers'
Nom SATURDAY, Bular
HONG KONG DAILY PRESS, "MONDAY, AUGUST 28, 1933..
MONEY AND MARKETS
MARKET
Association
Ballara
Nominal
Nomina
AUGUST 26.
HONG KONG STOČK
Banks
$1,415
H.K. Banks
$1,815
£199
211
Chartered Banks...
215)
Fol
N. C. & S. Bazka...
$20.
Am. O. Ein. Corp: 9.
30
Do. (London)
Morcantile Bks. "A"
Dlo.
Bank of East Asia... "$1023
ис
$475 Ch Fin. Corp. Ond. .
Do
Prof. S
Insurances.
3200
78/P
817
82 cts.
S6.40.
31190]
Raubs
Tronoh Mines
Benguet Explorations
Docks, WharveS,
Godowns, etc,
$7
时
IT
SATURDAY'S OFFICIAL
QUOTATIONS
No change was to be noted in the market this morning, condi- t-lons generally being extremely quiet.
The pressure on Hot-els and Cements, however, was still in- sistent.
፡፡
Sales Benguet Exploration 32 cts. Hotels, $6.55.
Hongkong Lands, $76).
Hongkong Trams, $221.
Cements (Com.), $3.
Buyers
Bank of East Asia, $103. Union Insurance, $555. Underwriters, $1.90.. Douglasses. $1.80.
Benguet Consolidated. $38.
Venz. Goldfields, $51.
Hong Kong Lands. $761. Ewo Cottons, Sh.$14.80. Peak Trams (old), '$15. China Lights (old), $12.70. Electrics, $74).
Constructions (new), 90 cts. Govt. Loans, 31% Prem.
Sellers
$320
Canton Insurances..
5310
$1.80 3856
Underwriters .......
31.03
3565
Union Insurances .......
$560
China Firus....................
$590
H.K. Fires.
3263
$660
International Asace, S
Shipping
332)
Douglases
.53+
318
Stein boats
$18
130
"Indios (prof.)
$30
Do (det.)
$15
51 Shells...
52/
$15
Waterboats
$15
Mining
Benguets........
135
Venezurka Gold Fida. $5.10
Kailans
Langkats (single) 9.
· 25).
$17
Explorations..... S.
Shanghai Loang S.
3114
12/
Union Insurances-$565.
Telephones, $32)
Dairy Farms. $29.
$12
H.K. & H. Wharves.
31274
Sinceres, $13.40.
23.20
Providants (old) 2. | $3,70
11.35
..Do. (new)
31 40
$165
H.K. & W. Docks.
$17
15
S. Chius Motors A1l
Dr.
"
$144
$71
New Engineeringe S.
#343
Jongkow-****
Lands, Hotels, and
36.82
962
$76J
$701
36.6 3781
$33
સામ
31.80
H.K. Realties.........
#8
$15
3137
China Doon a§. Dn. Debentures 9.
$14
Humphreys .......
$131
New Asia Hotel
$140
$2
$1480
8192
$15.70
$74).
#
F
37
Shanghai Docks S.
Bulidings
H.K. Hotela.
H.K Landa... Shanghai Landa,..8. Metropolitan Lands..
Asia Realties “A” S. Do. "B" 8.
Chinese Estates....:
Cotton Mills'
Ewos
$107
S'hai Cuttons...........
Zoong Sing****
280
Wing On Textiles (S.)
Public Utilities
Tramways
.......
Peak Trama (old)...
Do." (nuw)...
Yauuiali Ferries,
$14.50 $15
#167 8142
190
316
174
595!
$24)
212.40
131
$926
$73 105.
Star Ferries
$251
China Lights (ok).....
112 86
**2.30
Do. (new)...
H.K. Electrics
$74
$23
Macao do.
1106
Saudakan Lights...
Telephones...
8:12
China Buses...... S
Tractions is
10%
Do (pref.)
Industriala
315
Malabon Sugars
$15
$20
Caldbeck, Toril. S.
316
Macgregora (pref.)S.
36
Canton Icds........
15
Cements (comb.)...
44 75
Di.
80 cts
Do
#(uli)... (DAW)...
Ilopes
Miscellaneous
Dairy Farms... Der A Wings...
Amusements......
A
(new).25 ct.
Nanyang Tobacco...] $4.20
Sinceres
Watsons................
18.70
1105
$31.
MARKET
MESSRS. ROZA BROS..' REPORT
1
U.S. CURRENCY A JAPANESE VIEW
POLICY
"OF LANCASHIRE
Time English Spinners Improved
Going Slow On Inflation
A MATTER OF "COM. PETENCE
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
To SAN FRANCISCO 19 Days via Shanghai, Kobe, Yokohama, Honolulu
1
TO VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama Fortnightly sailing. *
Fortnightly sailings Pres. McKinley................. Aug. 30, fi am Pres, Jefferson... Sept. 8, Midnight Pres. Hoover....... Sept. 13, 6 az. Pres. Grat ...Sept. 22, Midnight, Pres. Lincoln Sept. 28, Midnight Pros. Cleveland. Sept. 10, 6.m. Pres. Coolidge... Oct. 10, Midnight Pros, Jackson ... .....Pet. 14, a.. Pron, Wilson Oct. 94, Midnight Prea, Jefferson..... Ost. 28, 6 am, Pres. Hoover .....Nov. 7, Midnight, Pres. Grant Nov. 10, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA.
Direct Special through rates to Europe via United States, connections with all Atlantic lines, Choice of mail lines across United State and Canada, liberal slop-over ~ privileges for Sight-seeing, Full particulars open application.
Washington-President Fanklinį D. Roosevelt's fundamental policy. regarding the inflation of currency remains unchanged.
President to time
to From time
A London dispatch
the Roosevelt has made it known he is "Asghl", draws attention to the determined to go slow" on gradual change in public opinion inflation, hoping to bring about there in regard to the British recovery by housting prices and competition with Japan.
In the recent Interview with Mr. line with this policy, expan-Mutsudaira, the Japanese Ambas- sion of currency through the Feder-sador to Landon, and Mr. Matsu- al Reserve has been retarded, while yama,
commercial commis- the President has steered entirely sloner, Mr. Wilson, representing clear of the silver provisions of the the British Government, is said to act giving him currency expansion have stated that while the BritishFortnightly sailings on Saturdays via Manila, Stmits, Colombo, Bombay..
Government has no wish to dis-
Suez Canal, Alexandria, Naples, Úzumi, Marssilles, powers.
cuss such problems as exchange,
New York and Boston, wages and the cost of living, it
wages.
the
No Further Need The gradual easing off in prices
must seek some solution for Bri- of the stock and commodity mar. kets, and the parallel strengthen-ish goods which, partly owing to
these cause, find it extremely dif ing of the dollar against foreign cult to maintain their place in currencies, has caused some to won. der whether the President might not be induced to pump a little. high life" into the currency situation,
Economists and experts have ex- pressed the opinion that the first speculative wave" after the pro- gramine started was due for a
their customary markets.
Japan 'Not To Be Frightened When the question of the ap- pearance of Japanese goods an all markets, first arose, Lancashire took advantage of it for its pro-]
paganda, but with the real posi- tion gradually made clear, the view is now Anding expression
THE EXCHANGE but that this did not that Lancashire itself should be mean the tide was not coming in. properly adjusted. The "Financia! Fluctuations Watched 4 News" in its editorial article is Nevertheless, exchange fluctua quoted as saying that British spin- tions of the dollar and the effectsners in future will have to com- of its recent 30 per cent. deprecia-pete not only with Japanese but tion on domestic business are being with Chinese and Indian mills. watched closely by the administra Even if the coming Anglo-Japan- tion to determine the proper level ese conference fails to bear fruit. Japan will not be frightened, it of ultimate stabilization.
Administration officials apparen says. Lancashire has abandoned try feel that the dollar is not like its traditional principle, and now looks to the Government for assis- tance. The only salvation for it, however, lies in the reduction of the cost of its products.
Lancashire Must Be Compelled The very fast that Japan, with
Messrs. Roza Bros.. have" for warded us the following Exchange Market Report for Saturday.
Silver prices dropped 1/8 yester-ly to show further acute weakness. day for both deliveries, the quota- Full efforts of the depreciation of tions being 17 3/4 for Ready and the dollar in relation to foreign 17 7/8 for Forward." Silver advices gold currencies have not yet been reported speculators as having felt in domestic business on prices, sold. China Banks bought. Ameri-economists point out, and it is con- ca was inclined to buy. The tone sidered probable that the govern- only 0,000,000 spindles, exports as at the close was inclined to firm-ment will take po further inflation-much as that exported by Lanca- ness. In America the rate was sub-ary steps until the effects can be shire, which owns 50,000,000 spin- stantially higher at 37 1/2 for gauged. Spot. The tone was steady.
New York advices reported the opening rate at 4.81 and the clos- ing rate at 465 1/2.
Market. Steady but quiet.
Sterling.
No business was reported. There were sellers at 1/4 23/32 August/ September and 1/4 25/32 October, buyers probably at 1/32 higher respectively.
Yen la
|
One high official, presumably speaking with knowledge of the attitude,told the President's United' PreK,
We are going to feel our way slowly. We can't plot a future course in the face of present chang. ing conditions, but we are studying nll phases of the situation."
In various quarters it is felf that the dollar has gone through the largest part of its decline and that future fluctuations would. grow smaller and smaller.
U.S. Dollars. Some business was done at 31 5/8 for near delivery. The market
Prices Slow" closed with sellers at 32 9/16 Domestic price levels, as gauged August. 32 5/8 September and 32 by statistics of the labour depart 13/16 October, buyera probably atment, show only a slight rise dur 1/16 higher.
ing the past few months, whereas the dolla dropped much more. It was believed that several months might elapse before price levels of all products adjusted themselves to the new level of the" dollar.
Theoretically, decline in the gold Early advices indicated sellers at value of currency brings a corres 1/3 but later the selling rate re-ponding rise in prices of what the ceded to 1/2 15/16, buyers probably currency would buy. Actually, at 1/3 for cash,
however, prices do not always rise that much.
*1
. Merchants were quoted at 118 1/2 for near delivery.
Shanghai Dollars. Were quoted at 111 1/4 for cash.
Shanghal
#
dies, explains that there is room for the systematisation and the reduction of the cost of produc- tion on the part of the Lancashire spinners. If Lancashire does not effect a reduction in prices, the Government should use force to make it do so, in compensation for its assistance in the coming parleys with Japan.
GERMAN "FOREIGN TRADE
Marks
as
1933
Figures For 1st Half Of 1933 : Berlin, Aug. 10. The official figures published this evening of the development of German' for- eign trade during the first half of 1933 as compared with the same period in 1932 show that both im- ports and exports have declined. Thus the imports in 1933 total |'2,086,900,000
against 2,386,900,000 Marks in the first half of 1932, while exports in amounted to 2,377,800,000 as com- pared with 2,988,700,000 Marks in the same period in 1932.
As before, Germany did greater share of her foreign trade with Europe as far as imports were concerned, about half of it coming from Europe, while in ex- ports more than 75 per cent, went to to European countries. Exports to
declined Europe
by 560,000,000 Marks or by 23 per cent.. while the export to oversea 'countries shrunk by onlyTM 42,000,000 Marks or 8 per cent.
A rise in prices to correspond LONDON EXCHANGE with the 30 per cent, decline in the gold value of the dollar would take the department of labour's wholesale commodity price index from its
of around present level
64 around 90 per cent. of the 1928 level. The administration wishes to see prices brought up to the 1996 levels.
12)
11
$11
SIO
Ch. E'tainmenta......
$3.00
Constructions, (old)}
Do
$3 30
$21
Lane Crawforda.... Mackintosha
si
RATES
[BRITIBA WIRELESS SERVICE.!
**
$84
32.10
Wa. Powells..........
$13.40
38% $1,50
Rugby. "August 25.
$10
M. Greyhounds......
Paris
82 19/32
New York
4.61
$3)..
S. C. Enterprises.
42
34
United Theatres...
Montreal
4.84
77:1
B. Ind. G. Bonda... 70%,
Brussels
23.18.
prem
I.K. Gort. Loans... 8103
Geneva
16.71
Oslo,
19.90
$8
Amsterdam
8.01
Prague......
1097
$180
8190
Milan
822
Helsingfors
2264
8165
13.754
19.37
23:40
Athens Madrid
Wallace Harper.or
H.K Wing On
Do
S'hai
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
171
John H. Ferguson & Co.
B. C. Shameen...
Tel. 18624.
Berlin
Stockholm,
Copenhagen,'
#Continued on next folumn)
Vienna,
near
30 Nom.
580 387
¿Contínued at foot of next column)
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE
M.S. "FALSTRIA"' Sailing on or about 3rd SEPT.
For LOS ANGELES and
SAN FRANCISCO, etc.
CARGO AND PASSENGERS ACCEPTED FOR SAN FRANCISCO, VANCOUVER, SEATTLE,
LOS ANGELES, ETC.
THROUGH HILLS OF LADING 188SUED TO OVERLAND POINTS.
Excellent Passenger Accommodation
Passenger, fares Hongkong/San Francisco from 68120 (1st class only) For Freight and Passage etc. please Apply to:
The East Asiatic Co., Ltd. The Chinese American Shipping
Agente 1
JOHN MANNERS & CO.LTD:
Company Agent:
HONG BLING
Office: MERCANTILE BANK BUILDING (TOP FLOOR), 7, QUEEN'S RD., CIETRAL, TELEPHONE : 24071,
,"
| Fortnightly via Suez to Europe & America
From Garfield, Pres. Polk Pres. ¿dame
9 5.01.
8 a.m.
Sept. 2
Pres. Harrison .....
Oct, '14
Rept. 10
Free. Hayes
Oct. 28
Prra. Fillmore
Nov. 11
TO
Next Sailing Next Sailing
"Fopt. 5
Pres. Lincoln.....
Sept. 10 ...Sept. 16. Pres. Cleveland
...Sept. 3 Sept. 18 Pra. Adams..... ...Sept. 30
Pres. Hoover Pres. Polk".
Pres. Grante
MANILA
Pres. Garfield Sept. 2, 8 a.m.
Pres. Jefferson Sept. 2, 6 p.m.
"Connecting with "5,5. MATON 70 CEBU,, ILÜILO, ZAMBOANGA
DOLLAR STEAMSHIP
AMERICAN
LINES
MAIL LINE
PEDDER BUILDING-BONG KONG, CANTON BRANCH ~~4, SHAKKE ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG.)
Tel. 26380-Gloucester Building. Room 30€
(RECTER'S AMERICAN SERVICE]
New York: August 25.
Dow Jones Averages: High-1032 Low: Aug, 21. Aug 25
30 Industrials :20 Rails
* Utilities 40. Bonds
108.27
59.53
37.72
89.07
Chauge
41.22 101.41
108.07 3.66 up
13.23 $1.00
03 37
16.53 30.23
05.78 87.66
31.18 87.28
2.28. UP .95 up
.10 down
Aria Lands, Limited, has received the following report from their New York correspondents, E A. Pierce & Co. Tho Federal Reserve's announcement of increased buying of Government securities during the past week served to provide the stimulus for today's rise. The Amount purchased was not comparatively large but is interpreted to. mean the inauguration of a definite policy to expand credit. Many authorities think that another step will shortly be some recognition of the world value of gold. The general feeling is that the path of least resistance remains upward. Whent: A bullish construction is inferred from the London Wheat Conference. The strength of securi- ties is accepted as a positive inflationary development. A Russian fuming story and dry weather in the Argentine revived waning bullish - support. The advance met with North-West hedging which, together with profit-taking, checked the up-turn.. Winnipeg partially respond ed to the frost predicted. The Northern sections show liberal exports. Cotton: Beflected the activity, in other markets, with demand more. general, Silver: There was an adrance on general buying, due to the strength of Sterling in sympathy with other markets. The Trade bought some sliver at the lower levels and there was scattered Commis- sion house and speculative selling. Business Done: 3,330,000 shares,
Drv. 8 HIGH Low PER. SH.
42
1939
Canadian Pauıb:
-J. I Case
LAST SALE
81011 $1074
1831 1421
Aug, 21. Aug, 25.
1011
30
30
Air Beduction
131
42
0.00 Allied Chemical & Dye
the
บ
202
4,00 American Can
91-
5
American Smelting.
37
30
131
701
0.00 American Tel & Tel
1274
·
1/3
44
5.00 American Tobacco "B"
901
40%
11
1.00 American Waterworks
36
214
3
Anaconda" Copper Mining
1011
28)
2.00 Auburn
582
-614
20
40
Bendix Aviation
18
19
436
18
1.60 Borden Company
273
20$
71
.16%
163
泄
102
73.
.208
48
0.50 Caterpillar Co.
231
4.
476
17
2.00" Chase National Bank
37%
5
1.00 Chrysler Motorsú
681
3.40 Consolidated Gas of N.I.
49
50
Curtiss Wright......
31
BIS
5.00 Drags, Inc.
401
471
B3+
2.00 Du Pont de Nemours
80 63%
876
3.00 Eastman Kodak
64
.84
207
Ce. Electric Bond & Share ........
23
48
18
21.
Electric Power and Light...
30
B
0.10 Genera: Electric
243
401
10
1.60 General Foods
373
33
70
241
10.
1.
Gillette Safety
28
1.90 Gold Dust
448
10g
100 174
34
4.00 Liggett & Myerɛ "B" '
973
32
www.w
263
27%
58
201
2.30 National Biscuit ....
༠༠tia***h--ས
33-2 373
164-
1.00 National City Bankette
31
104
1.20 National Dairy Products
301 hid: 217
19
0.00 Otis Elevator
The decrease of Germany's fa- vourable trade balance in the first half of this year was mainly due to the shrinkage of trade with overseas countries. The decline of Germany's import was largely due to the fall of the "general price level, whereas the shrinkage of 'ex- ¦ ports was caused above all by the fall in the. total" volume of goods sent abroad.
S.M.R. SHARES
New Issue Over-Subscribed.
The South Manchuria Railway Company has now closed the sub- scription, list for its new shares numbering 1,200,000. It is stated that the subscriptions totalled 3,518,150 or nearly three times as much, Allotments will take place early in September. It is expected that the new shares will bear a premium of about Y5.
Lisbon Bucharest Belgrade,
Electric Auto-Lite Co.
1.00 General Motors
0.60 International Harvester
International Tel & Tel.
1.00 Loew's Inc..
Montgomery Ward
2.00 Pacific Gas & Electric .....
www
Packard Motors
0.50 Pennsylvania Railway,
Badio Corpaja
Bears Boobuck
1.00 Standard Brands
Standard Gäs
100 Standard Oil Co. of
Jersey
Bocony Vacuum Corpn. 1.00 Texas Corporation Trans-Americs
1.00 Union Carbide & Carbon
United Air and Transport...
0.40 United Corporation
United States Steel
Westinghouse E. £ M..
1072 550
243
Rio
4OR
Buenos Aires, Montevideo,
42O.R. 34 Nom
28.
RZ
1/81/16
1/39
1281
4,00 Union Pacifio
1/25/16
171
177
Bombay,
Shanghai
Yokohama
¡Silver (Spot)
Silver (Forward)
War Loan 34 per cent. ́99 13/16'',
40
1967
302