HONG KONG DAILY PRESS, TUESDAY NOVEMBER 28, 1933.
MONEY AND MARKETS
Brussel Bucharest
`(BRITISH WIRELESS 'STEVICE)
Nov. 2. 8.13
Nov. 23. 8.091
560
365
240
240
13.661
1/5 13/18
20.52
13.71)
1210 Florina 375 Drachmae 270,916 Dinars **** 20.43 Marks la.. 6d. per Rupee * 36 Belgas ....813,588 Lei 47.58d. per Peso 18.159 Kroner 25.994 Francs
150
42) O.F
1/520/32 23.44. STO
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Buyutu bežlere Sales Bonipal
Sharebrokers.-
Association
MONDAY, 1 NOVEMBER 27.
Buyers
Selleri
Banky
H. K. STOCK MARKET
LONDON EXCHANGE RATES
- $1,820
F.K. Banks
$1,995
#!!!!!!!!
£138
Do. (London) ... Chartered Banks....
B28
Mercantile Bra. "A"
Do.
£15 £25 219)
YESTERDAY'S OFFICIAL
QUOTATIONS
5104
Bank of East Asia...
398
N. C. & B. Bar ka
$20
Am O. Fin. Corps 9.
#
Ch. Fin. Corp, Ord. 8.
+
36
$335
31.65
Underwriters
Do.
Insurances.
Canton Insurances1.68
Pret. S
IM
Quite a number of issues fared better tq-day, quotations being sub- stantially advanced on the follow ing:-
Op Amsterdam Athens..... Belgrade Berlin
Sterling Parity
Wharves 8114
Bombay
327}
Trams $21
JWANIA
1075
1510
China Lights 301
Union Insurances .........
3526
1515
$990
China Fires
$870
$6.10
B.K. Fir.......
|International Assoo, B.
340
were still
Buenos Aires Copenhagen Geneva...... Helsingfors
29.40
16.00
**** 19323 Marka
9987
928
Shipping
Or
1/5"
1/4 15/18
1343
BIA
Douglases
$344
110 Escudos
106
108)
240
Steamboats
$15
$30
Indos (pref.)
$30
25.29 Pesetas 92.46 Lire
40 9/32 62
Joi
61.13/16
$35
Do. (def.)
$35
Humphreys $12
50.88d. per Peso
30.B.
.351 O.R.
59/0
J
Shell
50/-
$16
$13
China Lights (Old) *s
Montreal
4.867 Dolları
5.21
8.18
Waterboats
New York
4.867 Dollars.
5.41
8.27}
18.159 Kroner
Mining
30 sts, Amtamoke.....
19,90
19,90
189 ota.
$40 Benguet Consolidated
$34
Balatcos...
30 ota
Baguio Gold
[10 ct..
Do. Exploration (38
30
Do. Goldfield
30 ots.
Big Wedge.....
.19
Gold Creek.....
$9
Ipo Mining.
$71
Itogons
26/-
Kalang PEDAINY
$18
$4.60
$6.95
Langkats (single)
Explorations......
Shanghai Loans
11310 Raabe wees
Prague ...
160 ata
41
Rio de Janeiro
19491 Frans 164.25 Kronen 20.80d. per Gold Milrois
83 91/32
83 9/32
1104"
1101
40.R.
1/3 3/16"
19,39
291
Electrics $72
-Tolephones #$284.
Ropes 861
At the close ther buyers at these levels abouts.
Hongkong Lands $79
Sales:
there- Hongkɔ̃ng
Lisbon
Madrid
Milan
Montevideo
Oslo
Pariz
39 pts.
14
H.K. Ropes 86)
Dairy Farms $281
. Buyers
Hongkong Banks $1825 Unioo Insurances $575 - Underwriters $1.05
Douglases $34Į
Wharves $114
24
Providents (Old) $2.56
Ewo Cottons Bh: #13
Hotels $8.05
Hongkong Lands $79.
Shanghai Stockholm Vienna
Yokohama...
Silvar (spot)
Silver (forward)
War Conn
18.159 Kronor 34.58 Schillings
24.56d. par Yen
Dairy Farms $28)
Lane, Crawfords" $4.20
Govt. Loans 4 per cent Prem.
• Sellers.
Hongkong Lands $72)
Amusements
35/
Hongkong Trams 891
1181
$4.45
China Lights (Old) #9.45.
Electrics $79
$6.00
$131
Telephones $28
Tronch Mines
19/.
Cements (Old) $2.40
$8
Venezuela Gold Fida.
H.K. Ropes $6.60
Docks, WharrOS,
Godowns, ete.
1113 $21
118
H.K. & E. Wharve. $113
$9.58
Provident (old) ...|. $24.
$1.35
Do. (new) 50 ota,
318)
H.K. & W. Docks
$17
$8
8. China Motors A
$8
Do.
3148
Shanghai Docks S.
$7
New Engineeringsë.
$148 $8
$350
Hongkow
1.
Lands, Hotels, and
$8,05 37%
$8.C5
$314
Buildings.
H.K. Hotela mare H.K Lands.......B. Shanghai Lande...3. Metropolitan Lands. H.K. Realties.
China Do...
Debenture S.
18.00/6.110
$724
ON LONDON :-
1/21
42) O.R.
99.40
16.84
+ O.R. 1/3 5/16.
19.39).
·18 8/10
18 7/36
1/26/32 181 18
100 1/18
100 7/18
Closing Quotations
November 27, 1933,
ON NEW YORK:---
Bank Bills, on demand si Credits, 60 days' sight.. nom
ON `BATIVLÁ!--
Det
Bank Bille, on demand 685
Credits, 4 months' right 675
Telegraphic Transfer... Bank Bills, on demand 1/4! Bank Bills, 4 months'
On demand
sight
*147
ON PARIS:-
Credits, four months'
sight
1/69
ON SHANGHAI:---
ON SA100:-
On Demand
110
ON SINGAPORE :—-
ON MANILA:-
On demand
On demand
ON JAPAN:
ON BANGKOK :-
On demand
1181
On demand
ON INDIA:-
On demand
73
134 rom
184 181
PRESIDENT Liners
13
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
To SAN FRANCISCO 18 Days via Shanghal, Kobe, Yokohama, Honolulu
Fortnightly sailings Pres. Coolidge ... Dec. 20 am Pros. Peros.Dec. 19, Midnight Pres. Hoover. Dec. 30, 40.. Pren. Wilson #Jan, 18, Midnight Pres. Coolidge ...Jan. 27, am.
TO VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailings Pros. Jackson Dec. B, Midnight Fros. Jefferson..... Dec. 22, Midnight Frea Grant Jan. 5, Midnight Pres. Cleveland ...Jan, 19, Midnight Free, Jefferson.....Fob. 3, Midnight -
ROUND TRIP FARES TO EUROPE & AMERICA,
Direct Special through rates to Europe via United State connections with all Ailanne lines. Choice of rall lines acroSS United States and Canada, liberal. stop-over privileges for
Sight-seeing. Full particulars upon application.
Fortnightly via Svez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, ¡Suez Canal, Alexandris, Naples, Ganos, Marseilles. Yew York and Boston
9,8.
Pres. Van Buren...Dec..
Pres. Garfield
Pres. Polk
Dec 23, 8 am." ....Jan.". 6, 8 a.m. ·
Pres. Adams.......................Jan.. 20, 8 a.m. Pres. Harrison ........Feb. 3,8 a.m. Prea Hayes........ Feb. 17,8 a.ID.
TO MANILA
++
Next Sailing...............Pres. Jackson Dec. 2, 6 p.m. Pres. Van Buren Deo. 9, 8 am. Fra Fierce. Dec. 11,6 pm. Prex Jefferson ....Dec. 16, 6 px. Connecting with 8.8.
DOLLAR
Pres. Hoover ......Dec. 21,9 p.m. Pres. Garfeld.....ec. 23,8 2.2. From Grant....... Dec. 30, 6 p. MAYON TO CEBU, ILOILO, ZAMBOANGA
STEAMSHIP LINES!
AMERICAN MAIL LINE
PRODRE BUILDING-BONG-KONG,
GANTON KRAWOH:—4, STAKES ROAD,
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS (INCORFORATED IN HONG KONG).
Tel. 98380-Gloucester Building, Room 308,
(RECTER'S AMERICAN SERVICE}
$12.90
Do.. "B".
Chinese Estates............
Cotton Mille
"THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
REPORT
Messrs. Raza "Bros. have for-
Telegraphic Transfer... 3
Bank, on demand....
18.10 warded us the following exchange U.S. BID FOR'S. AMERICAN
181
$13.90
121 $134
$14
36,60
***
$15
$137
Da
$12
Humphrey
New Asia Hotel
$140
Asin Realties "A"S
$50
14
*08
$120
B'bas Cotton...................
213
Zoong Sings 99. 3.
#73
Wing On Textiles(9.)
172
Pabllo Uilities
$20
Tramway... 3194
$151
Peak Trams (old) ...
$16
!
Do. (now)...
$74
3991
Star Ferries
399€
124)
Yaumati Ferries.....
$25
$9,35
Chias Lights (old)....40 89.60
141
Do. (DOW)...
$5
H.K. Electrica ............
3714
323
Macso do.
$104
Sandakan Lights .......
$28
20/-
Do. (pref.)..
$15
Malabon Bagara
321
Caldbook, ord.) 8.
16
Canton Ive
32
$2.40
Do
bets
$712
$281
$4,20
$5
Telephones............ China Busos......
Tractions....!
Industrials
(old)...
** ***
$19 Maagregor (pref.6.
1414
Cement (comb.).
Do. Ropes
(now)...
Miscellaneous
Dairy Farma...
Der A Wings....
Amuseinents .........
Ch. Etainmenta...... $101
Constructions, (old).
Do
Lane Crawforda...........] 34,20
34
32
$29
3101
$2
€0 otz,
#21
Mackintoshsouraïne
Nanyang Tobacco...
$14
Binceros...MAKIJA
313)
$71
Watson caus
$2.10
Wm. Powells....
$TO
M. Greyhounds...
$1.
1. 0. Enterprison ...
13
United Theatres.......El.
78
B. Ind. G. Bonds... 78/
'prem.
$8
Wallace Harper.........
150
Shad
H.X Wing On
Do.
HLK; Gosh, Logia... $13)
1201
244
fio ets.
r
36
$2.80 180 cts.
4.20
$160 $745
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 Agonis
John H. Ferguson & Co.
32, B. C. Shameen.
Tel 186
market report for yesterday:----
Silver prices dropped 1/16" yes- terday for both deliveries, the quotations being 18 for Ready and 18.7/16 for Forward. Silver ad vices reported China has having operated both ways.
TRADE
Rio de Janeiro, Nov. 24..
United Mr. Cordell Hull the States Secretary of State, on his America, goodwill tour of South The market was quiet. In Amrica the rate was preparatory to the Pan-American lower at 431 for Spot." The tone Conference at Montevideo, made was steady.
a plea for all American States to New York advices reported the help this "topsy-turvey' civilisa opening rate at 5.20 for the tion, in the course of an interview closing rate at 5.20. The market to-day. *
Mr. Hull said that the Monte- was "quiet.
Conference would afford With the exception of the Shang- video
the to give hat rate which was unchanged at the opportunity
a chance of 110 Yen unchanged at 1184 and American peoples the Bangkok rate down to 134,
abowing whether they could de- vise other rates were put up,
an international plan of economic reform Market.
י
Dull the tone was steady.
Sterling.
No business was reported. There were sellers at 1/5 November- December and 1/5.3/32 January, buyers at 1/5.5/32 November/De- cember, and 1/5.3/16 January,
U.S. Dollars. No business was reported. There were sellers at. 371 November, 37. 7/16 December and 378 January, buyers at 371 November/December. and 374 January,
Shanghai Dollars, Shanghai dollars were quoted at 111.5/18 for cash;
Shanghai,
Dull: Sellers were indicated, at 1/33 for near, buyers at 1/3.7/16.
There were sellers of U.E, dollars
at 33.9/16 December, buyers prob ably at 334.
IN THE AFTERNOON, No business was reported in the afternoon. The market was, ex- tremely quiet,
Sterling.
In Sterling the market closed with sellers at 1/61 November December and 1/5.5/32 Januarý, buyers at 1/5.5/32 November/De-- cember and probably 1/5/3/16 January.
U.S. Dollars,
The market-closed with sellers at #37) November/December and 374 January, buyers at 37.7/18 November/December and 37.11/16":
January,
SILK FILATURES IN SHANGHAI
11
Even if they only sketched the general lines of auch a plan they would lay the foundation of real progress,
BOVERLIGNE, Bank. Buying
Rate
BAR SILVER, per oz.
A REVIEW OF BUSINESS
Difficulties
Would such a plan have the desired effects of promoting bet- ter labour conditions and. conse- quently, of bringing nations cla- ser together over lowered tariff barriers?. It is difficult to say. The scheme involves the creation bureaucracy. of an international whose duty would be continually to check such matters as wages. and BC hours of employment, Sorth Professor Shotwell thinks that the organization 19. already
in at hand the International Labour Office at Geneva. But it is doubtful whether the nationis permit such continued inspection any more than some of them are agreeable at present to continued inspection of arma- ments. In time, however, this difficulty might be removed-as it is being removed in the maṭter of armaments, international
has been spection of which agreed to by the Roosevelt Ad- ministration. But then the plan would run up against an obstacle
He added: "The nations of America ought to have a passion for peace. We know now that it
would 18 madness to let world wars and despair to bring famine
the Let populations. whole American nations point the way." -Reuter.
TRAFFIC FINES Hamburg has just been having a tramc education week." It is a kind of game played between the public, on the one side, and the police on the other, with the dice heavily loaded in the latter's favour.
When a member of the public breaks a traffic rule, he pays on the spot a forfelt of-one, two or three marks, according to whet her a motorist, cyclist or pedest rian is concerned.
The week's takings amounted to 33,500 marks, or about £2,500, and the heaviest losers were pedestrians and cyclists.
GOOD SUMMER FOR TINPLATE
New York: November 25.
Dow Jones Averages:
High 1932 Low: Nov, 24.
30 Industrials
108.27
41.39 98,53
20 Rails
- 58:53
13.22 39.66
Nov, 26. Change
·69,20 124 down 39:5601 down.
so Utilities
37.73
40 Barids
89,07
16.33 94.09 » 24.60 05.78 79.48** 79.90
קס 62.
.42 up
Asia Lands, Limited, has received the following report form their New York correspondente, A. Pierce & Co. It seems to be gradually seeping through that ultimately stock values willd spend upon earnings, while it also seems that, if increases in the values of commodities are not translated into earnings, mark-ups cannot hold. In brief, earnings and the business outlook seem to be increasingly important market tactors and the trend seems to be turning upward, some quarters already predicting that a tremendous improvement may develop within the next six months.
Wheat: Easier on cables from abroad. General selling caused a đẻ- - cline, while uncertainty regarding the monetary question is restricting demand and
some of the more apprehensive speculative long
interests to linaon
* Cotton: Inactive. Southern selling was negligible, while speculative demand was small. However, the Trade gave support, on declines.
Silver: Prices opened barely steady, influenced perhaps by the lower foreign marketa. An interest with banking connections is credited with taring December options against sales for March, while commission houses did the reverse.
Business Done: 480,000 shares.
DIY. $
1935
HIGH Low PER BI
3.00 Air Reduction
8.00 Allied Chemical & Dys"....... 994.00 American"Can Sumber.
American. Smelting........
LAST SALE
Nov, 24 Nov, 25.
#104 $104
105
140+
·1401
1434 974
442
43
427
1874
70
941
9.00 American Tel. & Tel. 5.00 American Tobacco "B"
120
1801
78"
·741
In-
431
ས་
1514
201
1.00 American Waterworks
Anaconda Copper Mining 2.00 Auburn
18"
192
15)
15
45
zit
41
Bendix Aviation“.
147
14
18
1.60 Borden Company.
21
21
been
90%
7*
· Canadian Pacific
12}
а
714 799
1034
23
201
0:50 Caterpillar Co.
178
1,45 Chase National Bank
17 Bid 191Bid
B
4# -684
1.00 Chrysler Motors
491
487
301
24 Untoucha
852
2.00. Du Pont de Nemours' qu 3.00 Eastman Kodak, tamm
68
1 881
80
894
10)
892
48
or
18
201 20%
324
25
which apparently has not taken into consideration. Parity in labour conditions would not help the nations to start off at scratch in competing with each other. Cheap labour is the excuse, not the warrant, for tariffs, as is now being recognized in Great Britain, where the complaints about cheap Japanese labour, have been forgotten in the realization of superior Japanese skill organization in several branches of the textile trade.
Specialization
87
The timplate industry in Bouth- West Wales has had a good sum- mer. Production during the last three months is over 70 per cent.
International trade, like dimes-
tic trade, should be based on the specialization of function. Take
318
25†
37
of capacity and at the end of the example of Cuba Cuba is Of the ten silk filatures in the September it was stated that favoured by climate and labour Settlement which employ a total of output was in excess of pre-war | conditions in the production of 5,900 operatives, two are working level.
sugar. Thus we should be better
feature.
at present with a complement of Works are well placed with off if we opened markets to 2440 hands. There are sixty silk orders and demand for the Welsh Cuban sugar, Instead of abutting Glatures in Chinese controlled tarproduct continues steadily from them. In return Cubs could buy ritory employing 27,007 workers. Canada and Australla a recent goods that other countries Twenty-one are operating at pre
VAN AMA specialize in. Much of the trou- sent with a complement of 9,337
There is still unemployment in ble foday is that nations which employees. This shows an increase
the industry, due, mainly to the have been encouraged to overt in the figures of unemployed opera- tives in the Settlement flatures of widespread adoption of up-to- expand a specialized Industry by 1,082 over the total at the begin date mechanical methods, but foreign demand have been turn- ning of November and an increase the growth of British canning is ed back upon their own resources of 8,000 in the figures of unem expected to provide work for a by the growth of economic na ployed operatives in Chinsee consubstantial number of extra men ibnaliam. Exchange is the real trolled territory.
insurance of prosperity.
short
3.40 Consolidated Gas of N.Y.
Curtiss Wright
Electric Auto-Lite Co... -0% & Electric Bond & Share
Electric Power and Light... 0.40 General · Electrics 160 General Foods ... 1.00: General Motors
1.4 Gillette Safety
1.20 Gold Dust
0.60 International Harvester
International Tel. & Tel. 344:00 Liggett & Myer .B"
B 200 Loew's Ino,
Montgomery Ward
2.80 National Biscuit
*1,00 ↑ National, City Bank
120 | National Dairy Products' 0.00 Otis Elevator
170 Pacific Gas & Electrio
Packard Motori
16C Pennsylvaniz. Hailway
Radio Corpo
Sears Roebuck
1.00 Standard Brands
Standard Gas........
1.00 Standard Oil Co. of New
Jersey
Bocony-Vacuum Corpn. 1,00 Texas Corporation Trans America
1:00 Union: Carbide 00: Union Pacifie
United Air Usited Cup
13
$132