1075
38.30
2683
3625
$6.10
$341
$18
Steamboats
$30
195
Indos (pref.).....
Do. (det).........
53/+
-
$15"
the pressure 021 certain issues,' "which has been a feature of the market for the past two weeks, kas off somewhat, and this would seem to have steadied prices generally.
$397eased
The volume of business, however, still continues to be very much restricted.
Sales.
Union Insurances, $585.
Copenhagen, Geneva
Helsingfors
Hongkong
Lisbon .... Madrid
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
TO SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe,
via Shanghai, Kobe, Yokohama
Yokohama, Honolulu
Fortnightly sailinga
Fres. Taft.Nov. 21, Midnight Pres. Coolidge ...Dec. $8 am Free. Fierce......Dec. 19, Midnight Fres. Hoover ...Dec. 30, a.. Pres. Wilson......Jan, 16, Midnight
DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Buyers Ban
Sales Nomina}}
mĝu mulator
MONDAY. NOVEMBER 13]
Bazky
$1,823 H.K. Banks *****... $1,825
fist
2101
£36
EIR
3104
Do. (London).
Chartered Banka...
Mercantile Bks. "A"
Do.
Bank of East Asia.....
N, C. & S. Barks
$7
$20
Am. 0. Fin.Corp: 9.
Si
Ch. Fin. Corp. Ord. S.
35
По
Pret. 8
1336
3200
Insurances
·Canton Insurancen...
Underwriters
Union Insurances .....
Chins Fires
H.K. Fires
[Interuational Assco,,S.
Shipping
Douglases
$34
QUITUME⠀⠀⠀⠀⠀
1⠀⠀⠀1141
Sharebrokers'
HONG KONG DAILY PRESS, TUESDAY, NOVEMBER 14, 1933.
MONEY AND MARKETS
Association
Bayarı | Belare,,
JÄ
sa
H. K. STOCK MARKET
LONDON EXCHANGE RATES
£10 £25
(BRITISH WIRELESS SERVICE.)
YESTERDAY'S OFFICIAL
2121
$104
QUOTATIONS
7
Sterling Parity
Nov. 9.
$1.80
H H
3870
3595 3270
12
There was evidence to-day that Amsterdam
Athens Belgrade Berlin Bombay Brussels. Bucharest Buenos Aires
....
***
12.10. Florins 376 Drachmae 276,518 Dinars 20.40 Marks
7.98
Nov. 11. 7.891
3435
569
231
$32
13.33
13.36
la. 6d. per Rupee 36 Belgas 813,588 Lei
1/8
22.771
535
635
47.58d. per Peso 2
44 0.R.
44° 0,B.
16.189 Kroner
82.40
$40
* 25.29 France
10.40
16.45
193.23 Marks
998)
9961
.:1/8 3/18
1/01
317
Antamoks, 86cts.
$30
Big Wedge, 29/32cts.
$35
Raubs, 813.30.
Bel
$15
***
110 Escudos 23.92) Pesetas 92.46 Lire 50.86d. per Peso
108
106
3
38 7/16
60 3/8
60
30 Nom
36 Nom,
Montreal
Oslo......
80 ota,
་
60 ats.
341
144 st+.
28 st.
Paris
****
Prague
4.867 Dollars 4.967 DollarS 18.150 Kroner 194.21 Francs 164.2 Kronen
5.031
5.19
3.08 19.98 817/32
107
8.13
19.90
81 13/32
1071
Mireia
4 OR.
40. R.
# #
Stockholm
-1/3-11/16
12.39)
1/38
19.30
Vienna.......
99
30
Yokohama....
.... 24.63d. per Yen
1/2 5/16
Silver (spot)
18 0/10%
Silver (forward)
18 11/16
War Loan
71%
100 15/16
1/8 81/32... 29.841
1/2 7/38 18 7/16
18 9/18 1000/16
(IN LONDON ;-
Closing Quotations
November 13, 1933,
OF NEW YORK:
Bank Billa, on demand 361 Credits, 60 days' sight.. nom
OR BATAVIA:-
Bank Bills, on demand 1673
55
Telegraphic Transfor...
<
Bank Bills, on demand 1/4 Bank Bills, 4 months'
On demand
night
1/0
ON PARIB:-
Credits,
4 months*
aight
1/52
Credita, 4 months' sight 607)
ON SHANGHAI ;-
ON BALGON:-
12.
On Demand....
1101
4
ON MANILA:-
On demand
60
Ou demand
ON BANGIOI:-
. On demand
- 1178
Н
On demand
133 nom
SOVEREIGNS, Bank Buying
1/54 18
Fortnightly sailings
Pres. Cleveland ...Nov. 24, Midnight Pres: Jackson ........Dec. 8, Midnight Pres. Jefferson... Dec. 22, Midnight Pres. Grant ... Jan. 5, Midnight Pres. Cleveland... 19, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA. Special through rates to Huropa, via United States. Direct connections with all Atlantic lines Chaise af rail lines across 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, Alexandria, Naples, Genoa, Marseilles..
Yow Tark and Boston.
:
Free Monroe... Nov, 25, 8.m Pres. Van Buren...Dec. 9, 8 a.. Pres. Garfield Dec. 23, 8 s.m.
Pres. Folkdan.
6,8&m. Pros. Adams ... Jan. 20, 8 a.m.* Pres. Harrison Feb. 3; a...
TO MANILA
Next Salling.......
Pres.
Pres. Cleveland......Nov. 18, 6 p... Pres. Coolidge...Nov. 23, 9 p.m. Pres. Monroe......Nov. 25, 8 km.
Taft, Nov. 14, 6 à.m. Pres, Jacksoc... Dec. 6 p.m. Proa. Van Barea ...Dec. 9,8 km. Pres. Piarce.....Dec. 19, pan.
Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES
AMERICAN
MAIL LINE
PEDDER BULLBING-HUNG, LONG
CANTON BRANCH 2→→4, HAKKE 'ROAD.
11:11
#13}
ܕ ܃ ܃ ܃ ܃ ܃
Flatcos
36 otr.
134
62 eta.
10
40 ct.
130 cm
29 ot./ 39"
Shelia ..........
Waterboats
Mining
Amtamoks
Baguio Gold
Benguet Consolidated
Do. Exploration,
Do. Goldfield
Big Wedge
18.30
19
Gold Creek.
$9
Ipo Mining.....
#71
Providents (Old), 824/2,60.
Hotels, 88.15."
Star Ferries, 8091.
China Light (Old), 89.60. Telephones, $304.
Constructions (Old), 82.
Buyers.
Union Insurances, $580. Raubs, $131.
Ewo Cottons, Sh...813.30. Shanghai Cottons, Sh. 8113.
Humphreys, $11,90.
Yaumati Ferries, $24.
Constructions (New), 80cts.
Govt." Loans, 81 per cent. Prem.
95/.
Lane, Crawfords, 84.
$181
$4.60
$6.95
Shanghai Loans 8.
$8.95
$124
Tronoh Mines *****
18/
$6
Itogons
23/9 Kailans
(single) B.
318stions......8.
Rauba
Venezuela Gold Flda. | $8
Docks, WharrOS,
Godowna, sto.
3121 H.K. & K. Wharvas.
Providente (old) $2.55
Do. (New) ***
H.K. & W. Docks
8. China Motora: A
Do,
New Engineeringe
Hongkows
1911 1
$121
70 cts.
917
$148
$8
11.35
$164
$6
$8
"B"
$148
Shanghai Dooke S.
38
1340
Lands, Hotels, and
Buildings
$8.15
$6.15/20
$74
H.K. Hotela.******* H.K Landa... 9.
$74
$314
$14
$6
$8
$11.90
Shanghai Lands.....8,
Hetropolitan Landa..
H.. Realties.
$154 Chins Do...........
$137
-+
Do. DebentureaS.
Humphrey
*******
New Asia Hotəl
Aria Realtien "A"S. Do. "B" N.
Chinese Estates.
$140
...
32U 384
Cotton MH
$13.30❘ $134
Ewon
$113
S'hai Cottons....S
$13+
377
Wing On Textiles(S.)
Pabllo Uilities
Zoong Binge S
121.60 Tramways manu
15 Posk Trains (old)...
$0.10/8,16
*48
$61
Sellers.
Underwriters, 83.10.
Ewo Cotions, Sh, $13).
Cements (Combined), 82. ⠀
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
REPORT
Messrs, Roza Bros, have for- forded us the following exchange market for yesterday:-
Silver prices dropped 3/16 over the week-end making the quota tions 18 for Ready and 184 for Forward." Silver advices reported America as having sold. China $19.10 aperated both ways. Indian Bazaars bought. The tone at the plose was steady. In America" the rate was unchanged at 431 for Spot. The tone, was steady.
New York advices reported the $13,66 | Opening rate at 6.09. The market
2112
was narrow and erratic. 8131
Market. 377 Sterling opened with indications of steadiness but subsequently e'ased on slightly. U.S. dollars
were steady to firm.
Sterling.
The markes opened with sellers at 1/5.5/16, buyers bidding 1/5 re- sulting in business at 1/5.11/32 for near, 1/5 December and 15. 13/32 January. The market closed at lunch time with sellers at 1/5. 5/16 November, 1/5.1/32 Decem- ber and 1/5 January, buyers' at 1/5.11/32 for near, 1/5 December and 1/5.13/32 January....
U.S. Dollars.
There were sellers early in the morning at 363, buyers bidding 37. Subsequently a small business was reported at 37 for December de- livery. The market closed at lunch time with sellers at 381 November 10 cla and 37 December, buyers at 37 for near and 374 December.
$21)
315
· 373
Do. (new)...
Star Ferries
Yaumsti Ferrice...!
$71 3991 $25
$960
Chins Lights (ald).....] 19.86
8.60/9
39.40
Do (DOW)...
351
$75
H.K. Electrics......
$75
123
Maceo do.
******
$204
Bandakan Lights .......)
Telephonca. ............
$111
China Bazes.......
29
Tractiona
18/
Do. (pret.)....
Industrials
***
315
Malabon Sugars
315
$21
Caldbeck, Yard.).
318
Macgregor (pref.)8.
.38
Canton Icesnak
$6.
Cements (comb.)....
$1.20
$1.96
A
5 ota
Do.
Ropes
2281
Dairy Farina
198}
$11
Der A Wings..om
310
Amusementa.......
Stop
Ch. Etainments...... $10,20
$9.90
Constructions, (old)]
$9
280
.60 ots.
Do,
(new) 65 ota
34
Lane Crawfords,anne $4
#21
Mackintoahs
min
*
Π
Nanyang Tobacco...
$14
$72.
Watsons
37
32.10
Wm. Powells
3:1
$10
M. Groyhounda .................
IN
B. O. Enterprises
$2.
United Theatros ....... 8.
78%,
B. Ini, G.9 Bonds... 77°/
++
$4.5. Gert. Loans .......
$8
$170 ELK Wing On
Ebai.
Do. ... (old)...
(now).
Miscellaneous
Binceresi
Wallace Harper......
Milan Montevideo.
New York
Rio de Janeiro ...... 28.03d. per Gold
Shanghai
ON SINGAPORE:--
On Kost:-
ON INDIA-
18.150 Kranor 34.58) Schillings
Telegraphic Transter... 1941 Bank, on demand ........
IMPERIAL AIRWAYS'
EXPANSION
Sharp Rise. in Earnings
(Special » Air÷Mall", Service)
London, Oct. 95. The full report of Imperaal Air ways reveals very clearly the reason for the sharp rise in earnings re- cently announced. The company's regular European services, which were the same as in previous years, carried 2,809 passengers, or fully 77 p.c. more than in 1998, and near ly twice the number for 1931, while the traffic ton-mileage rose from 843,119 to 1,060,591.
On demand
Rate
BAR SILVER, per os
Japanese Scrapping
SMALL SHIPS CHIEFLY AFFECTED
Of the
Quoting from the Japanese news- papers, the Norwegian Legation in Tokyo reports that 60 ships of 243,- 232 tons have been broken up under the State aubridy scheme for the scrapping of old vessels and the construction of new ones. scrapped vessels, 25 ships of 144,050 tons were of over 4,000 tons, while the remainder were of lesser size, including 20 of between 2,000 and 3,000 tona Under the scheme the new ships must be of not less than 4,000 txa
Despite this marked increase, the total mileage covered by the Euro-
As most of the scrapped ships are pean fleet was only 6 p.c. larger, small ones, some apprehension pré- so that, even after allowance for rails in Japanese shipping circles the larger aeroplanes in use, there that the relation between the var must have been an appreciable reious sizes of vessels will be displaced duction in the burden of working through the State subsidy, and that expenses. Empire services were a scarcity of small ships of between further extended, and the number 2,000 and 4,000 tons will arise. of passengers increased during the year from 9,060 to 8,008. again the rise was much more than proportional to the increase" mileage covered.
Under the circumstances the ship- Hereping associations at Tokyo and Kobe intend to try and get the subsidy rules altered to apply to Yen,
ships down to 2,000 tons,
An Merchants were quoted at 1201
The balance-sheet shows a note advans in freight rates for short for near delivery.
worthy increase in liquidity, for voyages is already noticeable owing Shanghai Dollars.
cash and gilt-edged securities aggre to the scarcity of suitable tonnage. Shanghal dollars were quoted at gate £26,338, compared with £74, Japanese shipowners are interested 532 in 1902, whereas creditors have in the construction of ships of 2,000 risen by no more than £$1,750. The to 3,000 tons in the expectation of surplus of liquid assets is, however, an improvement in the Japan- mainly a temporary matter, arising China route in the near future. from the provision" of money for obsolescence which has not yet bean expended. The surplus will dimi- aish when the next replacement of the fleet oo0175.
111 for cash,
Shanghai. Bellers were indicated at 1/3 with business reported at 1/3.9/16
$4.20 $14.10 November,
$1031
8175
$145
Asia Lands Limited
Gloucester Building" Tel. 283802 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 Dally Press
Canton Agents
John H. Ferguson & Co.
32, B. C. Shamse
Tel. 18624.
IN THE AFTERNOON, The market was firmer in the afternoon.
Sterling.
In sterling business was done at
1/53 for December and last day of Rubber Consumption
Up 90,000 Tons
ESTIMATE OF CURRENT
YEAR'S DEMAND
Commenting upon U.8. rubber
TIN CONSUMPTION
54 Per Cent U.S. Increase In Seven Months
(Special Air-Mail Service)
London, Oct. 21. Acording to a bulletin of the International Tin Research and Development Council ised this morning, the amount of tin consum- ed by the principal tin consuming industries of the United States daring the first seven months of 1933 was 32,049 tons...
November, finishing with sellers at 1/5.11/32 cash, 1/5) December and 1/5.13/32 January, buyers probably at 1/32 higher respectively.
U.S. Dollars. Business was done at 371 - főz near and 374 December. Towards the close 37.3/16 was also arrang- ed for cash. The market closed with sellers at 371 November and 371 December, buyers at 37 for consumption figures for September, near and 37 December,
Mesars. Symington and Wilson, Mincing Lane brokers, in their re port dated Oct. 16, state.
As was to be expected the Bep the corresponding period of 1932,
This compares with 21,200 tons in tember consumption was consider and represents an increase of 54 per ably below that for August but at cent During 1988, the United on most of the estimates which have rates, which is the largest indivi
dual user of tin, consumed 25,200 been in circulation for the last few weeks. In our report of September ons or 20 per cent of the total
world consumption, 120 we said that we expected the September consumption to exceed that of last year by at least 50 por
Shanghai, Firm. Silver were indicated at 1/3.9/18 November, buyers at 1/31
for near delivery.
CHINESE COTTON MER CHANTS & JAPANESE COMPETITION
the same time it is an improvement
It is learned in: Chinese circles that Chinese merchants in cotton cent which would have meant a con month, last year. This would bring piece-goods are appealing to the sumption of about 38,750 tons total consumption for the year up Central Government for sadetanee sgsinst the actual figure of 36,068 to 400,000 tons against 313,000 tons to combat what they term unfair tons. Total consumption in the last year competition from Japanese goods USA for the first nine months It is evident that the Dutch coming into this port they allege, off the year is 313,119 tone against Colonial Government are not in via Dairen. It is stated that these 953,903 tons for the same period Japanese goods are being sold at That year. There seems to be every the low price of 20 cents per yard prospect that consumption for the with a result that Chinese native last three months of this year will made material is not able to com- at least average 30,000 tons a month uete to the ruin of their business against an average of 20,000 tons though the movem
clined to hurry matters and what ever they do ther decire the good- will of the native rubber cultivators behind them Matters appear to be moving in the right direction.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG)...
Tel. 28380-Gloucester Building, Room 306.
{HEUTER'S AMERICAN SERVICE.
New York: November 11. Dow Jones Averages: High-1932
20 Industrials
90 Railr 30 Utilities 40 Bond's
Low: Nov, 10. Nov, 11.
Change
108.97.-.
66,53 37.73 89.07
$1.29 .95.08
96.10
1.04 up
* 13.33 39.26
38.71
45 up
16.53 94.08
$4.38
.30 up
05.78 80.85 60.68.00 down
Asia Landa, Limited, has received the following report from their New York correspondents, E. A. Fierce & Co. The main interest today was the action of the silver market. It is rumoured that the President is giving serious consideration to a proposal which would call for the extensive use of silver as a basis of currency. It seems this will be the next step along inflationary lines. A
Cotton: Scattered selling caused a lower opening. Outside demand broadened, prices responding. There was a fair volume of hedge selling near the close.
Silver: Unsettled at the opening but later firmed on rumours of the extensive use of silver as a basis of currency.
Business Done: 170,000 shares.
· American Smalting.................
Anaconda Copper Mining 2.00 Auburn journ. Bendix Aviation
LAST SALE
134
$1017 $102
914 013
י
Dr. #
HIGH
Low "PI SH.
Nov, 10. Nov 13.
100
1423
20% 3,00 Air Réduction 46.00 Allied Chemical & []
139
97
29
4,00 American Can
461 48
137
701
· 0.00 “American Tel. & Tol..
116
942.
·44
6.00 American Tobacco
431
1.00 American Waterworks
23€
151
1811
201
41
211
41
131
431
18
12/ 127
70
72
211*
20 Bid 211Bid
431
80
405
108
291
47%
49%
081
16.
foe
401
131
1.00 Borden Company
Canadian Pacifie
0.50 Caterpillar Co
1.40 Chase National Bank -
1.00 Chrysler Motors
* 3,40 - Consolidated Gar of
Curtiss Wright
232.00 Du Font de Nemoura
35 3,00 Eastman Kodak
Electric Auto-Lite Co... 6% & Electric Bond & Share
Electric Power and Lig. 0.40 General Electric 1.60 General Foods 1.00 General Motors- 1.en Gillette, Balety 1.20 Gold Dust ALINE 0.00 International Harve International Tél V 4.00 Liggett & Myarı 100! Loew's - Ind. - T
Montgomery Ward 2.60 National Biscuit Ma 1.00. National: City, Bank. 150 National Dairy Prod 0.60 Obs Elevator ...
10 Pacific Gas & Elevizio
Packard Motor
-
AC Pennsylvanis Bailway Radio Corpa... Sears Roebuck
1.00 Standard Brands
Standard Ga 1.00 Standard Oil
91 Bid 21 Bid
15}
19