134
!!!!!!
Shipping
Douglaves
Belleri
Buyer
Balenomina]
LONDON FINANCE
LONDON EXCHANGE RATES
On" Amsterdam Loudon, September 26. After three years of declining Athens........ and Crosfield Belgrade..... $397 profits, Harrisons
Berlin are able to announce a moderate
Bombay but welcome recovery in earnings for the 12 months ended June 30. Brussel
Bucharest Net profits, after providing for bad and doubtful debts, deprecia. Buenos Aires tion, and income-tax, amount to Copenhagen £214,339, compared with £182,032 | Geneva
directors are Helsingfors
for 1931-39 The
(BRITISH WIRELESS SERVICE)
Sterling Parity
12.10 Florins
Slove
13.02
HONG KONG DAILY PRESS, SATURDAY, OCTOBER 14, 1933.
MONEY AND MARKETS
$1,815
1,880/11,8231
£139
2154
£201
£19
DAILY SHARE QUOTATIONS
Hong Kong Stock - Exchange
Bayers Beller Sales Kominai
Sharebrokers'
FRIDAY. OCTOBER 13:
Banks
H.K. Sankauquei
Do. (London)
Chartered Banka .......
Mercantile Bks. “A”
Do.
Association
$1,815
NOTES
Leist
£12)
HARRISONS AND CROS.
$106
Bank of East Asin.....| $109
N. C. & S. Banks
$20
Am. O. Fin. Corp
H
Ch. Fia, Corp. Ord. B.
gim
$7
FIELD'S ACCOUNTS
Do Pref. 8
Insurances
$325
$2.10
Canton Insurances..
10796
Underwriters......
$
1585
Union InsuraDGES ...
+000
#990
Chins Fires
$390 3270
HI.K. Fires...
16
¡International Assoe, S.
***
22.40.
16.09
Face**
1/31/16
1024
37.3/32
39
Oct. 11. 7.70
Oct. 19. 7.69)
........... 375 Drachinac
8373
8573
276,918 Dinars 20.43 Marks 18 d. per Rupee 36. Belgas 813,568 Lei
925
#13
47.58d. per Peso
1/8 3/61 22.30 5321 43 O.R.
1/8 1/16
84.374
45 Ó.R."
19.159 Kroner 95.22 Francs
$2.40
16.03
193.23 Marks
+26).
1/3
110 Escudos
100
25.22 Fesetas
37 5733
92.46 Lire
391
.............
50.88d. fier Peso .... 4.867 Dollars.
4,967 Dollars 18.159 Kroner 14.21-Franca
37 Nom.
37 Nom.
4.787
1.77}
4.854
4.66)
10.90
19.00
164. Kronen ...... 28.90d. per Gold
79.9/39 201
79 1/32"
1042
Milreis
FO.E.
1/3 3/16
410.R 1/34
18.159 Kronor (3468) Schillings 94.56d. per Yea
19.39
19.40
28
28
1/2 3/18
contrary, the
Silver (spot).
directors are able to
state
that
Silver (forward) War Loan
18 13/16 18#
1/23/16 18 3/16
18 7/16.
71%
101 7/16
October 13, 1995,
ON SHANGHAI ~~~
On Demand
104
ON Kost':-
On demand
1171..
ON MANILA:-
Op demand OF SINGAPOR:-
"Boi nom
53Y
133 Do
1/54 18 5/16
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
To SAN FRANCISCO 19 Days To, VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe,
via Shanghai, Kobe. Yokohama, Honolulu
Yokohama
Fortnightly sailing
Fortnightly sailings
Pre, Jefferson.Oct. 27, Midnight Pres. Grant .........Nov. 10, Midnight Pros. Cleveland...Nov. 24, Midnight Pres. Jackson
Pres. McKinley ...Oct. 24, Midnight Free Hoover Nor. Midnight Pres Taft Nov. 31, Midnight. Pres. Coolidge Dec. 5, Midnight
Dec. 8, Midnight Pros Pierce........Doc. 19, Midnight Pres Jefferson... Dec. 12, Midnight.
ROUND TRIP FARES TO EUROPE &
AMERICA.
Special through rates to Europe via United States. Direct connections with all Atlantic „éles, Uhoice of rail lines across United States and Canada, - liberal stop-over privileges for Sight-seeing. Full particulars upon application."
| Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, straits Colombo, Bombay, Suez Canal, Alexandria, Naples, Genos, Marseilles,
New York, and Braton. ** Pres. Harrison......Oct. 14, 8 am Pres, Monroe...
Nov, 25, 8 a.m. Free Hayes Oct. 28, 8 a.m. Prea. Van Buren... Dec. 9, 8 a.m. Pres. Johnson ...... Nov. 11)8 a.m. Prez,Garbold Dec. 93, 8 a.m.
V
TO MANILA
Next Sailing .........Pres. McKinley Oct.
Pres, Jefferson...Oct. 11, 6 p.m.
Pres. Hayesi. Oct. 28. 8 am. “ Pres. Hoover ...Oct. 31, 8 p.m.
Pres. Grant
Pres. Johnson Pros, Taft
17, 6 p...
Nov. 4, 6 p.m.
Nov. 11, 8a.co.
Nor. 14, 6pm.
Connecting with 88. MAXON To CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
-FEDDBE BUILDING—HONG KONG,
CANTON BRANCH:—4, SHAKER ROAD,
NEW YORK
STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG).
Tel. 28280 Gloucester Building, Room 308.
40 cts.
19
***
80 sts.
32
$34
$19
Steamboats
$18
$30
Indos (pret.)
$30
$35
Do. (det.)
543
$15
Shell Gra<
$35 86/
316
Waterbosta
Mining
gu eta
$37
Balateos
#7
Benguet Consolidated
150 eta
Do. Exploration
190 ots. 347 [45 cts.
130 ota,
***
Big Wedge.....
47 at..
Gold Creek.
Amtamoks
Baguio Gold
Do. Goldfield ...
Ipo Mining.
Explorations.......
ド
17
"30-
$18!
Langkata (single) 8.
$4.15
$6.85
Shanghai Loans S.
12:40
18. 050
Raube
$8
Tronch Mines .............- 18/-
Venezuela Gold Fids. $5,20
Docks, WharrĒR,
Godowns, sta.
Providente (old). ...!
Hongkowe.
for
25/
$18
34.15
181
$12.70
$126
E.E. & K. Wharves.
$3.20
$1.36
Do.
(new) ...
$130 $34 $1.40
8184
H.K. & W, Docks...
917
18
& China Motors' Â'
Do.
354
"B"
$5
$147 Shanghai Docks S.
New Engineeringst.
$147 $6.
1348
Lands, Hotels, 'and,
Buildings
H.K. Hotels...
$78
B.Kands.......8.
16.80 +79
$33
Shanghai Landa... 9.
$14
Metropolitan Lands...
H.E. Healties.......
$7.80
China Do.......
3137
Da. DebenturesS.;
$12.00
$12.90
Humphreys
$13
New Asia Hotel
1551
$140
Asin Realtice "A”S.
$20
Do.
"B" 8.)
**
Chinese Estates......
Cotton Milla
Evos
$14.45
$108
S'hai Cottoņa................ S.
$13
Zoong Sinks
$20
Wing On, Textiles(8.)
#108 8144 $77
Public Utilities
Tramways
$21.30
Foak Trame (old)...
$71
-Do. (new)...
196
Star Ferries.........
$22
Yaumati Ferries
415 $71
$23
$11.78
$11.85
Do.
(new)...
$77
H.K. Electrica
377
$23
1204
$301
China Buses................ §.Į
97
Tractionspie
15j.
$15
392
11.30
$35
nu omiaalije imunitami
China Lights (old),..{ #1}}
Macso do
Sandakan Light .......
Telephones.....
Do. (pret)..
Industrials
Malaboo Sugarı ...
321 Caldback, ard.) 8.
$19
Macgregore ((praf.)8.)
Canton Ices........ Camente (comb.)-.-
Do
36
3.70
83 ota,
$281
31
$10
Do.
Ropes
r
$11.40
315
35..
2396
(old)
$33
・(now)...)
$71
$201
19
150 ots
47E
310)
13
Miscellaneona
Dairy Farms sale Der A Wingsca Amusemente
AVIAJA
Ch. E'tainments....
Constructions, (old)
Do. (new) 90 ots
Mackintoshsomma
10 cts.
$13
381
$3.90
Lane Crawfords...... 33.60
Nanyang Tobacco...
3131
Binceras saceruu
$81
WATSONE
12.10
Wm. Powells
$10
M. Greyhounds.
#14
8. C. Enterpris
$1
United Theatres... 8.
B. Ind. G. Bonds...
„14 K. Gori, Loans .......] #103}|
38
Wallace Harper........
$170
A.K Wing Co
0175
S'hai
Do
78
#146
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 Daily Press,
Canton Agri
John H. Ferguson & Co.
32, B. O. Shameen.
Tel. 18624.
thus able to raise the final divi. Hongkong dend on the Deferred "Ordinary Lisbon stock and the Management shares Madrid from 2 to 7 per cent., and as Milan the interim payment was 21 per i Montevideo cent. in both years, the total dis-, Montreal tribution for the year is 10 per New York
A bal- Oslo cert,, against 5 per cent. ance of £129,351 is carried for- Paris'...... ward, against £108,978. Moreover, Prague there is no necessity on this occa- Rio de Janeiro sion" to repeat the transfer of £150,000 that was
made a year from general reserve to Stockholm ago
investments Vienna....... special reserve for Owing to the depreciation in their Yokohama value. On the
insurance
on
i
Shanghai
Closing Quotations
LONDON: — Telegraphic Transfer... Bank Bills, on demand 1/43 "Bank Billa, 4 months'
sight..... Credits,
sight....
4 months'
Ox New YORK:-
1/58
Bant Bills, on demand 334 nom Credits 60 days' sight, nom Ox PARIB
ON
Bank Billa," on demand 582 Credits, 4 months" sight 193
INDIA
the investments in tea, rubber. companies and other produce have recovered appreciably, and that the market value
June 30 was well in excess of the figure at which they appear in the balance-sheet after deducting the Ch special reserve. Besides its hold- ings in such companies," the com- pany carries on the business of general Eastern import and export merchants; secretaries and mans- ging agents of rubber; tes, tin. and other properties; shipping. and banking agents, eta, The financial position is strong. Shares in and advances to subsidiary companies amount to £484,542; investments in asso- ciated companies to £164,194; and investments in tea, rubber, and ot- her produce companies ta £371,831, against which there is a special reserve for depreciation, of £350,000. A substafitial propor- tion of these assets must be liquid, but even if they be wholly exclu- ded, there are floating assets to the amount of £1,259,000, Current. "liabilities, on the other hand, are only £466,000, including provision for contingencies. During the year the holding of cash and British and Dominion Govern- ment securities was reduced from £691,387 to £550,475. The stock- holders will be gratifled to learn that this reduction is mainly due to the employment of a larger atim iz temporary advances to subsidiary trading companies.
B.I.P. MERGER SCHEME
London, September 26. Like its rival company, Gau- mont, British, British Internation al Pictures, Ltd., and its subai- diary, Associated British Cinemas, have experienced somewhat lean
of times. Production pictures continued to be prontable, but the exhibition, owing to higher taxa- tion and lower spending power | of the public has earned consi- earned derabip less. The BIP.
· £100,018 against £112,513, and is again paying 5 per cent, on its 55. Ordinary shares The Associated company earned £258,240 against £373,310, and is paying neither any Ordinary dividend. nor the Preference dividend for the ball year to September 30 this year: The subsidiary company has loans and mortgages, the service which required £174,431, the parent
company has none.
of while
Proposals are now" put forward for merging the interests of the parent company and its big-sub- sidiary. BIP is to increase its capital and purchase for shares the capital of the Associated com- pany, a large part of which it already owna. Holders of 6s. Associated Ordinary shares will receive an equal number of "68. BIP shares, while holders of Associated. 7 per cent, Cumula tive Preference shares will receive an equal number of 8 per cent. First Preference shares in BIP. plug 6d, per share,
PREFERENCE PROBLEM
There appears to be no objec- tion to the exchange from the point of view of the Associated "shareholders. But when the posi
tion of the BLP shareholders is considered the matter is not quite so 'clear.
Telegraphic Transter..... Bank, on demand
H.K. STOCK MARKET
Weekly Report
Not for months past was the volume of trading on such a small scale as it was in the past week It is some consolation, however, that in spite of this slackness rates have Been well maintained. In- deed, Investment securities still offerings of this class are few and s ready market, but
command
far between."
In the lower-priced. Issues there was no definite movement, business therein having been mainly pro fessional
Closing tone steady but very
quiet.
Business Done During the Week,
Hong Kong Banks 81,820, $1,822). Bank of East Asia $105. Canton Insurances $330. Union Insurances $575. Wharves $127, $126) Hotels, 86.80. Lands $18
Humphreys 812.90. Realties $7.65.
Tramways $22.80. Star Ferries' $100. Electrics" $77.
Telephones 3351 $35.60. Cements (Combined) #3.80. Dairy Farmfis, 8291. *Construction (Old) #3.10.
Raubs $125 $12.40. Antamoks $1,03, $1.05, #1: Ewo Cottons Sh. $14.40; 8h
#1445, 8h 81440, - ** Changes (3.15 p.m.) Closing
•
Quotationa
Buyers
Hotels $6.80."*- Lands $76. Telephones #35). Cements (Combined) #3.80. Baguio Gold 75 eta.
Sellers.
China Providents (Old) $3,70
Sales.
Hotels $8.80. Ewo Cottons 8h. #14.40.
On demand
ON BATAVIA:
On demand
ON SAIGON:-
On demand
ON BANGKOK :-
On demand....... SOVEREIGNE, Bank Buying
Esta
BAR SILVER, per os
THE EXCHANGE MARKET
MESSRS. ROZA BROS... REPORT
Messrs. Roza Bros. have forward- ed us market report for yesterday-
the following exchange
unchanged yesterday but the for- The price for Ready Stiver was ward rate rose 1/16 making the quotations 18.5/16 and-18.7/10 res pectively. 80ver advices reported tinent gold. American speculators China as having bought. The Con-
sold. The market was featureless: The American market was closed yesterday.
Advices from London reported the cross rate at 4.664
Market. Opened arm but later the selling rate receded somewhat. The tone Was steady.
Sterling
1/5.3/18-was on offer after the -opening with business done almost immediately at 1/51 for near. The selling rate then rose to 1/5.9/32 October buyers bidding 1/55/16 near. The market reacted subse- quently and business was again arranged at 1/5 October, To- wards '1' p.m."there were sellers at -75.7/32 October and probably: 1/51 November, buyers at 1/59/32 Oc-. tober, and November."
US Dollars.
Opened with sellers at 334, buy- ers at 33 Business was done at: 33 33.11/18 for near and 33.13/16 November. The market closed at 11 p.m. with sellers at 33.9/16 Octo ber, and probably 33.11/18 Novem- ber, buyers at 33.11/16 for near and 33.13/16 November.
Yen. Merchants were quoted at 120% for near delivery.
Shanghai Dollars. Shanghal Dollars were. quoted as
111 for near delivery.d
Shanghai,
(REUTER'S AMERICAN SERVICE)
New York: October 11.
Dow Jones Averages: High-1932
Low: Oct, 10. Oct., 11.
Change
30 Industriais
108.27
41.22 88,77
-89,85
,08 up
20 Rails
66.63
13.23 42.57
49.59
.05 down
20. Utilities
40 Bonds
37.73 80.07:
16:53 26.78
58.73
'5 down
65.78 84.02
84.18
28 up
Azia Landa, "Limited, has received the following report from their New *York correspondenta, & A. Pierce & Co. The market fluctuated uncertainly and irregularly. Meral stocks were rather beavy. Chemical stocks were firm. Oils showed signs of individual strength. The bond market was again firm.
Wheat: Thore was scattered liquidation early in the day. However, the market showed a rather pronounced rallying tendency as soon as "pressure had cessed.
Cotton: Firmer tope. Trade baying increased slightly and Southern selling was less active, due doubtless to ability to soon obtain the Ten-cant
loans.
: ו
Silver: Long liquidation caused a decline, induced to some extent by the weakness of the Tondon parity and the continued absence of Washing- »ton news concerning the monetary situation.
Busincas Dones 1,030,000 shares.
Canadian Pacific
1932
DIY. 8
LAST SALE
HIGH
Low FIB, SH.
Oct, 10 Oct, 17.
100
302
3.00 Air Reduction
#1045
$104
1421
42+
6.00 Allied Chemical & Dye...
140XD 143)
97
200
4.00 American Can
92
42
&
American Smelting.
421
424
1871
701
9.00 American Tel. &-Tek
1.194
1172
941
44.
5.00 American Tobacco "H"
.80.
43
1.00 American Waterworks
22
Anaconda Copper Mining
1514
26
2.00 Auburn'
401
21+
41
Bendix Aviation.
18.
1.60 Borden. Company
22
201
108
.182.
7. I Case
131
131
one
001
29
48
0.50 Caterpillar Co.
477
17A
2.00 Chase National Bank
HID 234812
49%
1.00 Chrysler Motors
3.40 Consolidated Gas of N.J.
Curtiss Wright
434
33.00 Drugs, Inc.
78
777
2.00 Du Pont de Nemours.
85 801
78
36
3.00 Eastman Kodak
..
Electric Auto-Lite Co.
B. Electric Bond & Share
Electric Power and Light...
16 301
0.40 Genern: Electric
401
104
1.60 General Foods
1.00 General Motors
Steady during the early part of 296 the morning, but subsequently. eased off lightly. Early advices reported sellers at 1/34 November. Subsequent advices indicated buy- ers at 1/3) November sellers at 1/3/7/16 November and probably near
IN THE AFTERNOONAM The market was quiet in the afternoon. The tone being steady. Sterling
In the first place there are the holders of the £250,000 in 8 per cent. Preference shares, now the Then there is the future outlook first charge on profits. They are for the B.LP. Ordinary sharena to be relegated to second place, There are to-day -4,000,000 af In sterling business was done at with £1,000,000 of capital placed them, and this number is to be 1/5 for the last week of October in front of them. These 8 per increased to 8,000,000, while so far finishing with sellers at 1/5.7/32 cant; shares are to-day valued at as revealed, earnings are concern- October, and 1/51 November, buy- 179. Bd. What they will be under ed, the assets scquired add nothers at 1/51 2nd half October and the new conditions it is impossible ing to the profits available for 1/5.8/32 November. to say. Under the terms of the ribution. Unless there is an îasue the holders of these shares very decided change for the better Quiet. The marker closed with will have the right to a voice in the 5 per cent, dividend paid for sellers at 33.9/18 October at 337 the matter, and. no doubt they the past year, would appear to be November, buyers af 18.11/18 Octo will use it w
in Jeopardy.
ber, and 33.13/16 November
US Dollars.
1.6
Gillette Chetys
1.20 Gold Dust
0.60 International Harvester
* →→ International Tel & Tel.
#4.00. Liggett & Myera " B
B 1.00 Low's Ind
Montgomery Ward.
2.80 National Biscuit 100 National City Bank 120 National Dairy Prod 10:30 Otis Elevator.
2.00 Pacific Gas & Electr Packard Motor 0.50 Pennsylvania Railway
Radio Corps, Bears Roebuck 1.00 Standard Brands
Standard Gaa 1.00 Standard Oil Co.
Jersey Socony Va
L00exas Con
28
1:00 Dai
40 Unit
United