Sharebrokers"
DAILY SHARE QUOTATIONS
Hong Kong Stock
Всуята
Beliere
Exchange
$1,616)
⠀⠀⠀ ⠀ * * *14*
Nominal
TUESDAY.
NOVEMBER 7.
Bankr
H.K. Banks
Do. (London) ... Chartered Banks
Mercantile Bk. "A"
Do.
Association
Bayer Sellers
Do. Pref. 81
Canton Insurance $1.80
$1,830
£130
£151
290)
Ի
$104
Bank of East Asia...
N. C. & 8. Barks
$20
Am. O. Fin.Corp
+++
Ch. Fin. Corp. Ord. S.
IM
$5
Insuranças
www
$325
$2.10
+
Underwriter
3680
Union Insurances .....{
$625
$290
China Fires: *m
H.K. Fires.....................
$6.10
International Assoe. 3.
Shipping
$34)
$18
Douglas *********
3341
Steamboats
$30
Indos (pret.)
135
Da (def.) muros
6/7
Shells
$15
Waterhouta
Mining
20 at
Amtamoks
78 ata
$37
Balatcos
62 ota.
Baguio Gold
Benguet Consolidated
Do. Exploration
Do. Goldfield
Big Wedge....
40 st.
$10
LÊN
30 ola
32 ots.
Gold Creek..
Ipo Mining,
Itogons......
Langksts (single)B. Explorations.8
Shanghai Loans 8,
Raubaszti
!!!!! ⠀⠀ *
**
********
Sains
HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 8, 1933.
MONEY AND MARKETS
(Special Air-Mail Service)
LONDON EXCHANGE RATES
(BRITISH WIRELESS SERVICE.)
Sterling Parity
1/8 1/32 99.70
Nomina
CHINA'S IMPORTS
$1,820
OF CAPITAL
215)
£15 £181
Britain's Large Share Amsterdam...... 1310 Florins
On
Nov. 4.
7.76
Nov. 6. 7.851
#104
Athens.....
375 Drachmas
560
560
57
"BY E., M. GULLI
Belgrade ............ 276,316 Dinars. Berlin,
998
231.
90.43 Marks
13.13.
1.
Bombay
is. 6d. per Rupee.
1/6
Brussels
36 Belgas
22.47
Bucharest .....
...... 813,588 Loi
630
Buenos Aire
47.58d. per Peso
55.44$ 0.R.
18.159 Kroner
99.394
16.171
193.99 Marka
2981
1/54
110 Escudos 23.224 Pesetae
1031
37.7/16
37.27/32
92.46 Lire
30.7/16
13.294
50.88d. "per Peso
+362
381 Nom
4.967 Dollars
1.853
4.89
4.867 Dollars
4.343
4,80
18,904
19.80
30 31/32
1061
하
$3271
1070 3016
$270
TH
$17
$30
$35
$16
IL
|80 pts. 341 149 ota.
37 ots.
$5/- $181"
$4.80
$6.95
18/
19
19
#71
30/-
Kailans
$181
$4.60
$6.95
5183
Tronoh Minem
$8
Venezuela Gold Fida se
Docks, WharrBE,
Godowns, sta....
$124
H.K. & Wharvos. :
$123)
$2,75
Providente (old) ....
33
11.35
Do.
(new) **
1.20
$16
$17
$8
น
$148
..$8
$13 $18.45 $12.40
$99
..."B"
$148
H.K. & W. Dook's... S. China Motors A
Do.
Shanghai Docks 9.
New Engineerings. Hongkews.
Lands, Hotels, andị
Bulidinga
H.K. Hotels
H.K Lands.........8.
9350
**uğumu
London, Oct. 17.-Great Britain
has invested approximately £244,- 000,000 in China, mostly in busi- ness undertakings; for long
а time the export of cotton,, plece goods was the most important de- partment of our China trade. This was the case down to the Greas War, and as recently as 1929 the value of cotton piece goods ex- ported to China and Hong Kong. was 30 per cent. of the total value of our exports to that market.
How much of the British capital
invested in business undertakings in China in 1931, approximately £197,961,000, may be said to be there in virtue of Lancashir trade the book upon which this article is based does
not show It does show, one cannot but note in passing, how much is invested in manufacturing industries in Shanghal and elsewhere, approxi mately £35.800,000, some of which has been instrumental in reducing Lancashire's trade. Yet what Lan- manufac- cashire's plece-goods turers and operatives have thus lost has been transferred to those and engaged in the machinery electrical industries so that the United Kingdom as a whole can- not be said to have suffered by the erection in China of British mills.
Japanese Investment
In 1914 British business invest- ments in China, Professor Remer estimates, amounted approximate ly to
(when £82,300,000, which compared with the figure given above) shows, that the post-war years have not as too many peo-
Copenhagen Geneva Helsingfors Hongkang Lisbon Madrid
"
Milan Montevideo Montreal
New York. Oslo Paris Prague
25.29 Francs
...... 18,159 Kroner 184.81 Francs 194.25 Kronen 28.938. per Gold
Rio de Janeiro......
Shanghai Stockholm Vienna...... Yokohama Silver (spot) Silver (forward) War Loan
Milreis
19.180 Kronor
80 1/32
108
16
#g. 1/34
530 44) O.R. 9.40
18.351
9204
1/5
1043
4 O.R.
173-11/16
19.395
34.58 Schillings
981
10.101 25+
24.53d per Yen
1/2.7/18
181
1/2 13/32 19A
1%
18.0/18 100%
183
Closing Quotations
November 7, 1933,
ON LONDON: —
Telegraphic Transfar... Bank Billa, on demand 1/6
Bank Bills, 4 months'
sight
Credits,
months'
sight...................... 1/57)
ON SHANGHAI:--
On Demand ON SINGAPORE:---
On demand
-: FROM NO
O NEW YORK:-
Bank Bills, on demand 341 nom Credits, 60 days' sight.. nom
On BATAVIA 1-—--- ·
On demand
ON PARIN:-
33
Bank Bills, on demand 167) Credits, 4 months' sight 807;
On demand
Ohr S4180,
110
O MANILA-
On demand
ON BANGIOK:
On demand
2171
On demand
Telegraphic Transter
Bank, on demand: ..27848-
ON INDIA:—
ple seem inclined to think) been THE EXCHANGE
years of decline: Japan's invest- ments in 1914, however, were only £45,000,000, whereas in 1931 they $19.10 came to over £235,000,000. Here 181 again, one must note, some of the money, approximately 195,653,000 yen for at par over £19,000,000) is invested in cotton mills, whose curtail Lancashire's capacity to
18+
18
5754
176
HA
Shanghai Landa...S..
$14.
Metropolitan Lands
16.60
H.K. Healties........................
$6.55
$151
Chins Do
3137
Do. Debentures3.
$121
Humphreys
New Asia Hote!
$140
Asia Repities "A"9.
$20
Da.
"B"
$24
Chinese Estates......
Colton Milla
Ewoo
$112
S'hna Cottons...... S.
$124
Zoong Singa
S.
8131
Wing On
Textiles(8.)
STT
$77
Public Utilitieg
$11.20 Tramways ........
$152
Yaumati Ferries... $234
373
Peak Trams (old)...!
Da,
(new)...
Star Ferrien asia]
$24
Chins Lights (old)...
$0.80
Do.
(now)...
74/75
HK, Electrics......
3748
$23
Macso, do.
$104
131
$31
1112
Sandakan Lights ........
Telephones...remens
China Buses
Tractions.
MARKET
MESSRS. ROZA BROS.. REPORT
Sovereigns, Bank Buying
Bate
Biz Silvur, per
691
132 nom
11
8.
H. K. STOCK MARKET
YESTERDAY'S OFFICIAL
* QUOTATIONS Messrs. Roza Bros. have for- trade is all the greater for the
There is still no improvement fact that they are a branch of warded us the following exchange
visible in the state of the market. the industry in Japan. The Nal-market report for yesterday:
The price for Ready Silver drop- which remains quite lifeless. The gai Wata Kaisha, the Japan and Shanghai Spinning and Weaving Ped 1/16 yesterday but the Forward pressure to sell; however, was not $91.40 Company, the Dal Nippon Spin-rate was unchanged, the quota-so pronounced to-day as it has ̈tions being 184 for Ready and 18been for the past week or so. ning Company, and the Toyo Com- pany are all large concerns hav-for Forward. Silver advices report- Consequently, rates are more or
less unchanged. ing mills in both Japan and China. The mills in China employ 30.6 per cent, of the workers engaged In the cotton industry there, and produce. 35 per cent. of China's 55.2 per yarn and thread and cent, of her cloth...
-$15
$7, $89
39 90 $5.00
B.
Da (pref)
Industrials
316
Malabon Sugars ...
SIB
บ
321
Caldbeck, ord.) 8.
***
$19
Macgregor (pred.)8.
36
Canton Tees *****
$21
Cements (comb.)...
D'a
12.45!
(old)... $9.35
Do. (now)...
Bopes
Miscaliansous
Dairy Farma
Amusemente um e
$0.10 Ch. Etainments...... 110,90
& ot
$7.05
328
.......
Der A Wing.........
$10
#8
$9
52:30
10 ct -37%
1281
**-
Shanghai.
ed India and the Continent" 38 bought. America sold: having Subsequently America bought. China Banks also bought. America the rate was substantially higher at 424 for Spot. The market
was strong.
In
New York advices reported the opening rate at 4.91 and the closing i rate at 4.891. The lowest rate done! was 4.85. The market was erratic.
Firm.
Market.
Sterling.
Shanghai, is the centre which has absorbed most of the capital which Great Britain has invested in China. We have invested much more money there than in Hong Kong. 151,000,000 in the former
The market opened with sellers case as against £18,000,000 only at 1/51, Buyers bidding 1/5.7/18||| In the latter." Another fact of Subsequently the buying rate re- which many people probably are
'ceded to 1/5.13/32 leading to busi- unaware is the smallness of the
ness at that rate for second half amount invested in Chinese Gov-November and December. The ernment
(including obligations
market closed with sellers at 1/51 railways) compared with theNovember and 1/5.13/32 December, amount. invested in business unbuyers at 1/32 higher respectively. dertakings controlled by British companies and individuals, £45,-. 000,000 only, as against £197,000,- 000, Yet in spite of this large business investment, which, as 914.10 shown above, is much greater than 384
it was in 1914, the value of our exports to China (including Hong Kong) in 1929 (that is to say, be- fore the present World-wide alump) was little greater than it was in the year preceding the war. the other Japan's exports, on $176 hand, are far larger than they 0148 were then.
19
$2,00
Constructions, (old)
$2.80
170 ots.
Do.
(new) 79 cta.]
$3.90
Lane Crawforda....
$27
Mackintosha
Nanyang Tobacco.......
$4.20
314
-Sincares
Watsons
38.15
Wm. Powells
$10
M. Greyhounds
$1
8. C. Enterprises .......!
32.
United Thestres... 8.
B. Ind. G. Bonds...
JY.
prem.
$170
HE. Gork Loans .......} $195
Wallace Harper 14 2004
HLK Wing On
She Do.
Asia Lands Limited
Gloucester Building Tel. 288807 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 IDaily Press
Canton Agents
John H. Ferguson & Co.
33, B. O. Shameen,
"Big Figure's,
U.S. Dollars."
The market started with sellers at 351, buyers bidding 351. Sub- sequently business was done at 351 for December delivery followed by transactions at 35 for the end of November and 35.11/16 December. 354 was also done for delivery 10th of November. The market closed with sellers at 35.7/18 cash and 358 December, buyers at 35 for near and 35.11/18 December.
Sales, Hongkong Banks, $1830. Ewo Cottons, 8h, 813). Hotels, 884.
Star Ferries, „8991. Electrics, 874)/75. Telephones, 931.
Bayers. Hongkong Banks, $1815. Union Insurances, 8580. Douglases, $341.
Benguet Explorations, 40cts. Ewo Cottons," Sh. 9131. Star Ferries, 2991. Dairy Farms, $28, Constructions (New), 70 cts. Govt. Loans, 31 per cent. Prem.
-Sellers. Underwriters, #2.10.
PRESIDENT inerS
13
Fastest Time Hong Kong to San Francisco.
Speed with
To SAN FRANCISCO 18 Days via Shanghai, Kobe, Yokohama, Honolulu
t
Fortnightly sailinge Fres. Taft .Nov. 91, Midnight Pres. Coolidge...Dec. 2, am. Pros. Ferve......Dec. 19, Midnight Pres. Hoover ...... Dec. 90, .. Pres. Wilson ....Jan. 17, Midnight
Comfort.
To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailings⠀ Pres. Grant ........Nov. 10, Midnight: Prea, Cleveland ...Nov. 24, Midnight Pren. Jackson Dec. B, Midnight Pres. Jefferson... Dec. 29, Midnight Pres. Grant Jan. 5, Midnigh
ROUND TRIP FARES TO EUROPE & AMERICA.
Special through rates to Europe via United States. connections with all Atlantis lines.
Direct
Choice of rail lines across
United States and Canada, Eiberal atop-over privileges for
Sight-seeing, Pull particulars upon application....../
Fortnightly via Svez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straita, Colombo, Bombay, Suez Canal, Alexandris, Naples. Ganca, Marseilles, Yew York and "Boston.
"Pres. Garfield
Pres, Johnson......Nov. 11, 8.a.m. Pres. Monroe...Nov. 95, 8 am.. Pres. Van Buren...Dec. 9, 8 km.
- Prei. Polk
Pres. Adams
Dec. 23, 8.m. ...Jan. 68m. .....Jan. 20, 8 ..
TO MANILA
Next Salling............ Pres. Johnson Nov. 11, 8 a.m.
Fres. Taft........................Nov. 14, 6 pm. Pres. Cleveland................ Nor, 18, 6, p.m. Fres. Coolidge .Nov. 23, 9 p.m.
Pres. Monroe.........Nov. 2, 8.. Pres. Jackson.......Dec. 8, 8 pm, Pres. Van Buren... Deo. 9, 8.
Connecting with 8.8. MATON To CEBU, ILOILO. ZAMBOANGA
#
STEAMSHIP
DOLLAR AMERICAN
LINES
MAIL LINE
FIDDER BUILDING-HONG KONG,
CANTON, BRANCH 1-5, SWAKKE ROAD,
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG).
Tel. +28380-Gloucester Building, Boom 206.
'(REUTER'S AMERICAN SERVICE.)
New York: November &
Dow Jones Averages: High-1933
30 Industrials
108.97
Low: Nov, 4. Nov. 6.
.41.22 93.09
Change
92.60
,59 down
20
Bsilf
56.53
13.22 38.82
32.27
55. down
20 Utilities. 40 Bonds
37.73
16.03 23.76
23.62
$4 down
89.07
05.78 82,15
81.00
.20 down
Asia Landa, Rimited, has received the following report from their New York correspondents, E. A. Pierce & Co. There was little or nothing in this market. We find some ordinarily competent observers who think the market is going through a slow progress of accumulation and, while we may have some more backing and filling, the next definite break will be on the up-side.
Wheat: Poor foreign demand caused some easiness but buying then broadened. Trude bought on the scale-down.
Silver: Trading features were the talk of remonetisation, new speculative support attracted from this cause and the firmness of foreign markets.
Business Done: 60,000 shares,
402**
$29.
1.40 Chaas National Bank
11.00 Chrysler Motors
3.40 Consolidated Gas of NE
Curtis Wright
2.00 Du Pont de, Nemonra
3.00 Eastman Kodak - Du
Electric Auto-Lite Co.
LAST SALE
Drv. 1932, HIGE Low PER SE
Nov., 4. Nov.,, Be
303.00. Air Reduction
*09 $100
142
422
976
298
6.00 Allied Chemical & Dye 4.00 American Can
1341 132
89
American Smelting..
4-1
45%
1374
8:00 American Tel. & Tel
114
113/
Providents (Old), 824.
941
44
3.00 American Tobacco "B
74
China Lights (Old), 810.
11
1.00 American Waterworks.
191
∙18)
Telephones. 8311.
224
-
Anaconda Copper Mining
141
148
39
284
2.00 AuburÖ
H. K. Ropes, 87.05.
Bendix Aviation
131
21+
18
1.80 Borden Company
72
Canadian Pacific
22 131
JAPAN'S TRADE WITH CHINA
100
162.
"J. I. Case
Des
201
0.50 Caterpillar Co
90%
Bid
47%
17#
Tokyo Sees Signs Of Improvement
781
721
with
351
324
8
14
6% Electric Bond & Share
48
Electria Power and Light.... 0.10 General Electric
BA
197
191
1.60 General Foods
34435
1.00 General Motors
200
10%
1.0
Gillette Balety
ing
1.20 Gold Dust
17
278
The following are the figures of at imports in Shanghai from Aneri
ca Britain and Japan for the current year in thousands at dollar-
46
LO
81
971
371
Bepti Compared
80
#1,00 -National City Bank magas
with Aug.
U.S.A.
$12,910
110
Britain Japan
8,890
100
3,470 + 255.130
Tokyo, Japan's trade
particularly Shanghai, China, which has been hit by the pro- longed boycott movement, now shows signs of a gradual improve- ment. On the other, hand, trade Merchants were quoted at 120 for by America and Britain is declin-
The total amount of foreign near delivery. capital invested in China, is ez- timated by Professor. Remer (after study of other estimates made by responsible bodies) at 3 to 3 mil 110 for cash.
Ten.
Shanghai Dollars. Shanghai dollars were gnoted
US Dollars
liards of gold dollars, or in ster-
Shanghai.. "ling (at the old parity) at £617,-
Bellers were indicated at 1/3, 000,000 to $720,000,000. That im- plies that as an importer of cabl-11/16 for near, buyers at 1/3 tal China" has played a part as
November. big as; if not bigger than, India, and a considerably more import- Early advices indicated sellers at ant part than Japan: How has she 32.1/16 for near. Subsequently, the managed to do, this and at the market eased off to 31.18/18 but same time annually increase her towards closing time sellers were excess of imports over exports? again quoted at 32.1/16 for Novem- There is an idea, Mr. Remer
ber. The market was firm. remarks, that the latter fact is anot
The position is being view- ied here with much interest,
Come Compared
·Jazz
with a
to Sept. year ago USA........ 143,190 390 Britain, 83/110 TA 20 Japan 37,490 4 470 The above; Agures, were" received by a certain Kobe arm from Mr. Yokotake, Commercial" Commis sioner in Shanghai The Japan- ese presa; says that these figures fully illustrate the... oppression which Japanese goods. feel from American and British good. It
a result of the former," "that China's excess of Imports repres sents new borrowings abroad and Accordingly some other explans new investments by foreign busition of her growing excess of im- ness men. Her outpayments in ports must be sought, and it is respect of foreign obligations and provided to a considerable extent business investments, however, at all events, by remittances from have been consistently larger than Chinese overseas, who, to quote her inpayments, net outpayments Mr. Remer, bring into the Chin will be extremely difficult for averaging-44.700,000 Chinese dol- ese economy about as much as the Japanese goods to recover their lars in the period 1902-13 and foreign colony in China with its former footing in the immediate 112,800,000 in the period 1913-30. investments causes to be sent out future,
28
14
18.
0.60 International Harvester
International Tel. & Tel.: 4.00 Liggett & Myers B
1.00 Loew's Inc.
Montgomery Ward
1.80 National Biscuit .................
1.50" National Dairy Products
0.60 Otin Elevator
10 Pacific Gas & Electric A -Packard Motors
66 Pennsylvania Bailway
Radio Corpu Seara Roebuck 1.00 Standard "Brands
Standard Gas Bigndard- Oil Co
Bocony-Vacuum Corpa.
Texas Corporation
ཨ་ནེེ་ཕྲུ་ལྷ་ཨ་E་༤ཚོ་ཆ་ཨ་དྷ་དྷ་ཧྥེ་ཀྰ་ལྷ་ལྷ་ཐྰ་ཆ་དྷ་ཧྥ་ཌཱ་འྀ་རཙ་ནྟ་ཨ་ཙྪ་ཝ་ཛྙྰ་གླ་ལ་ ཨུ་ཧ་ན་ཏན་འབྱིན་པར་