Sharebrokers'
DAILY SHARE QUOTATIONS
| Hong Kong Stock
Exchange
Nom!wal
WEDNESDAY. DECEMBER 13.
Buyuta
Ballers Bajaa
"
Banki
Association
$1.810 H.E. Banks
$90
Do. (London) ... Chartered Banks ... MA" Mercantile Eks
Do.
N. O. & S. Banka ...
£131
2141
226)
£12
3101
"
Ballers
Витать
Base Num
$1,637
£15)
£9.5
#124
Bank of East Axis....
307
$7
Am. O. Fin.Corp: 8.
Ch. Fin. Corp. Ord. 3.
$5
Tho. Pref. 8 Insurancës
$335
Canton Ingram I CÓM.......
$377
$1.65
Underwriters
$1.95
$580
Union Insurances ........
་་་་
3580
$528
China Fires
3526
$990
H.K. Fires...
$8.91 International Assos, S.,
$870
Shipping
$33
Douglases
$34
$16
Steamboats
$15
$30
Indos (pret.)
$30
$35
Do. (def.)
$36
81/3
Shella
$18
Waterbosta
Mining
83 at.
Amtamoks
88. eta.
$34
Balatoon sja
60 ota.
Baguio Ge
(45 cts.
#10
Benguet Consolidated!
30 etv.
H
Do.
Exploration
$18 30 oty,
30 ot
Do. Goldfield
30 at
Big Wadge.
30 'cts.
10
Gold Creek....
$9
Ipo Mining...
$71
Trogons
23/
Kallans
318
Langkats (single) S
$1.35
Explorations.
16 65 Shanghai Loans 3.
$1340 Raubi ***..................
36
Tronoh Minc
Venezuela Gold Fida,
Docks, WharrOS,
Godowns, ato.
18
| $4.35 $6.65
$18.30
18/ 30%..
H.K. & K. Wharver.
$119
Provident (old)
... 59.75
Do.. · (Dew) » 78 the..
H.K. & W. Docks ...
517
8. Chins Motors' A
18
Do.
"B"
$148
38
#115 18.70
++
$1.35 0184
#7
$351
$149 Shanghai Docks S.
New Engineerings9.
Bongkers ...............
Lande, Hotels, und]
Buildings
H.K. Hotels
ཀླུང 11:|:: · ཆུ ཎྜ བ 1:;1,མ
$310
$6.30
$711
$50
H.K Lands.................k Shanghai Lands...S.
... :71
$14
Metropolitan Landa...
·5
H.K. Renities.........................
3:51
China Do.... S.
$137
Da Debenturas S
$12
Humphreys
New Asis Hotel
$140
Avis Realties "A"S.
$50
"B".
$97
$13
E o
311
21 22
#21.16
$3
Do.
Chinese Estates......
Cotton Mille
Sha ColtonS
8134 Young Sings S
Wing On Textiles(3.)
Public Utiliting Tramways **********
$10 Peak Trains (old)...
270
36
$12.00
161
$12.90
118
8 31
$91.10
$16
$
$300
DA (new)... Star Ferries
371
$100!
124)
Yaumati Ferrie
L
323
$9.45
$2.20
1731
$74
H.K. Electrics
Macao do
$9.70 China Lights (old)..... 39.60
Do
$1 Sandakan Lights .... Telephones C. Bts.
China Buses. B.
$21.90
Do.
I. Bts
:116
Dr. Rights
$11
3/
Tractions KLÍMAN?
18-
Do. (pref:)]
Industrials
$16
Malabon Bugars 14.
321
Caldbeck, (ord.) 5.
$19 Macgregors ƒ (praf 18.
121
Canton Iceman.
$9.50
Da.
Cold)...
5 #
Do. (POW)..
$81
$28
01
Der A Wings..................
$5
$101
Ch. Etainmenta....
$10.10
$9
Cerments fenn.)... 11 20
Ropes
Miscellaneous
Dairy Farro
Amusemonts ......
Constrictions, (aldy
Do.
(new) 56 cts
Lane Crawfords......
Mackintosha
$12.20. Binceros, se*********
Nanyang
·Tobacco
$21
$8.40
$2.10
Wm. Powells
M. Grayhanda....
$14
B. C. Enterprises
United Theatres.8.
81%, B. Ind 9 Bonda... 78/
$9.
KK. Gort Loman ... $13}] Wallaos Harper ................
#10 EL.K Wing On......
S'ha Da
$301
$318
10 età. $61
$3,60
313
$140
$140
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
John H. Ferguson & Co.
32, B: 0. Shameen.
Tel: 18024.
HONG KONG DAILY PRESS, THURSDAY, DECEMBER 14, 1933.
MONEY AND MARKETS
"THE EXCHANGE
MARKET
MESSRS ROZA BROS.
· REPORT
" .
LONDON EXCHANGE RATES
(BRITISH WIRELESS. SERVICE:)
270,318 DinaČE 90.43 Marks
13.79 1/8 3/64
Sterling Parity
Dea, 11.
Dea. 19.
Amsterdam Athens
19.10 Florins
8.19
8.133
375. Drachmaa
270
3825
210
340
13.70 1/61/32 23.491
387 S.0.
99.40
Silver prices dropped yesterday Belgrada to the extent of 1/8 for Ready
Berlin and Forward, the quotations being 18 for Ready and 18 9/16
Silver advices reported Forward.
China and India as having sold to
Bombay
for Brussels
Bucharest
Buenos Aires... Copenhagen
a small extent. America was in
The tone at the Geneva clined to sell. close was easy. In America the Helsingfors
at Hongkong rate was ambstantially lower 42.85. The market was uncertain. Lisbon
New York advices reported the Madrid opening rate at: 5.10 and the clos- Milan ing rate at 5.65. The lowest rate done was 5.04.
Market.
with indications of Opened business but subsequently the market reacted owing to renewed rumour..of inflation to America.
Sterling,
Business was done shortly after the opening at 1/5 5/18 for Febr- uary delivery. Subsequently sell- ers come out at 1/51 at which rate business was done for ne at delivery followed by transactions at 1/5 5/18. for February, 1/5 11/32 March and 175-5/16 Jan- uary and 1/5 9/32 for. near de- livery.
The market closed with probable sellers at 1/5 9/32 for 1/5 near, 1/5 5/16 January and 11/32 March, buyers at 1/32 high- er respectively.
U.8. Dollars.
Montevideo
11. 6d. për Rupes, 36 Belgas
....: 813,883 Lei $7.88d. per Paso 19.150 Kroner 26.224 Francs 193.23 Marks
350
18.88
106x6
*23.63)
330 351.8.0.
PRESIDENT Liners
13
Fastest Time Hong Kong to San Francisco.
Speed with Comfort.
To SAN FRANCISCO 18 Days via Shanghai, Kobe, Yokohama, Honolulu
Fortnightly sailings
Pros, Fieroe......Dec. 18, Midnight Pros, Hoover ......Dec. 30, 4 sin. Pres. Wilson ....Jan. 16, Midnight. Pres. Coolidge. Jan. 77, a.m. Pres. Lincoln Feb. 13, Midnight
TO VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailingə Fres. Jefferson... Doc. 32, Midnigha s Grant Jan 5, Midnight Pred. Cleveland ...Jan, 19, Midnight Pris, Jackson Feb. 2, Midnight Pres. Jefferson...... Feb. 16, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA, Special through rates to Europe via United States. Direct® manections with all Atlantio lines. Choice of rall lines acTOES United States and Canada, liberal stop-over privileges for Sight-seeing. Fall particulars upon application,
Fortnightly via Svez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Suez Canal Alexandria, Naples, Genoa, Marseilles, New York and Boston,
92,40 16.92
་་64
1/M
1/5 3/18
110 Escudo
100%
1091
25.22 Pesetas
39 31/32
01/16
9248 Lire
62 3/16"
601
..... 30.890, per Peso
-33) S.O.
381 S.O.
Montreal
4.867: Dollara
0.04
5.035
New York Oslo
4.967 Dollars.
5.08
5.073
18.159-Kroner
10.00
19.90
Paris ...... Prague
194.21 France
8313/32
83 19/39
Rio de Janeiro...
164.25 Kronen 26.93d. per Gold'
110
100
48.0.
1/3 11/16
48 8.0. 1/39-
19.39
19.39
30
30
1/8 7/16
84%
1888: 18 11/16- 1001
1/2 13/02 165
18 9/16
100 716
Pres, Garfield
Pres. Grant
Shanghai
Milreia
18:159 Kronor 34.594 Schillings 24.500. par Yen.
Stockholm are Vienna... Yokohama ............ Silver (spot) Silver (forward) War Loan
Closing Quotations
December, 13, 1933.
ON NEW YORK:-
Bank Bills, on demand 24
Credita, 60 days" sight, noi
ON BATAVIA
508
Bank Bills, on demand 6874
Crédits, 4 months' sight 632-
ON LÖNDUN !--
Telegraphic Transfer... Bank Bills, on demand Bank Bills, 4 months
sight
On demand
143
ON PARIS-
Credits, four months'
sight
1/88
Ox SHANGHAI:-
ON SAIGON
On Demand
*108
On demand......
Or SINGAPORE:
OF MANILA-
On demand
594
On demand
On
JAPAN:-
ON BANGKOK :—
On demand
118
for
O
INDIA:
Telegraphic Transfer 127 Bank, on demand ...
The market opened with sellers at 36 5/18, buyers bidding 36j. Subsequently business was done at 38 1/2 for near followed by tran- actions at 36 9/16 and 36 5/8 for cash. The market closed with probable sellers at 36 5/8
near and 36 13/16 January, buyers at 38 11/16 for cash and 36 15/16 January,
Yen.
Merchants were quoted at 11 3/4 for near delivery.
Shanghai Dollara. Were quoted at 110 13/16 fo cash.
Shanghai,
Early advices indicated business done as 1/3 0/16 for near delivery. Subsequently the market steadied up and business was done at 1/3 5/8 January. These were zellers at 1/3 January, buyers 1/3 11/16 January.
at
THE WORLD'S
CURIOUSER AND' CURIOUSER
The report that the Bank of England will co-operate in effect- uating the American gold-buying policy sounds "curouser and curf- As the dollar goes down, quser.” the pound goes up. Would the Bank of England assist in putting up their currency? Decidedly not. Such a course would be equivalent to a business man offering to raise US Dollars.
his prices so as to allow a com-
If we saw Early advices indicated petitor to get the maximum bene- at 33 1/18 January, The
at by lowering his
happening in business then steadied up to 33 business practice, we should call it quixotic done for January. At the close there were sellers at 33 5/16 Jan- uary, buyers at 331 January.
sellers market
H. K. STOCK "
MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
any consequence the market
this
Nothing of transpired in morning, trading, such as it was
profession:41. being mostly
and prices remained almost stationery.
" Sales. Star Ferries $100 Electrics, 874.
Buyers.
Union Insurancès, '8580. Benguet Explorations, 30 cts. Wharves. 8115:
Providenta (old), 82.70. Ewo Cottons, Bh. 813, Hongkong Lands, #714. Chinese Estates, 897;- Hongkong Trams, 821:15. HK. Electrics, 813. Macao Electrics, 823). Telephonés" (Cum^Rt.);" 830;.. Watsons, 2640,
Lane, Crawfords, 84, Government Loans, 4% Prem. Belleft.
"
HK. Steamboats, $10. Hotels, 86:30..
Cements (Com.), 811.
Buch a
Even if the business man stood by
It
and did nothing, we should still call the procedure quixotic.
ás com- may be that the alm municated to the Bank of England is to keep the dollar from going down lower than, say, a 65-cent level; in relation to the pound. say. 84.80. Even then British or French "neutrality." let alone ás
to sistance, would be difficult
And such response understand... would be a sign that both capitals agree that such levels represented the natural ratios of the cur- rencies. This they have never ac- cepted. For instance, the ratio tentatively negotiated,
and then repudiated, at the World Con- ference was $3.90-84.10, which is much different from the current rate of around $4.50. More light 1a" needed on this mystery:
On demand.
SOVEREIGNS, Bank Buying
Rate
BAR SILVER, per or,
BUSINESS
5&j
70
131 +0m
184
airplaned to Washington, and ap- parently succeeded in scotching the project. Verisimilitude given to the report as to the de partment's intentions by a ques- tionaire which had previously been circulated among the tobacco companies, asking for an account- ing of advertising expenditures When the department was asked the reason for the questionaire. it simply replied, "For informa- tion only."
Soviet
SOVIET RECOGNITION
The the United States, recognition would be merely farm reliéf: to the Soviet Union, I would be an additional reason for opposing Japan.
"
ANOTHER VIEW
A banker of reputé insists that the Administration is determined o send the gold countries off the jold standard in order to negotiats a universal return at new parities more in accord with the new racts.
RESIGNATIONS
In the financial district I hear constant reports of existing and pending resignations among the conservative wing of Administra- tion officials, particularly in the Treasury. Most of them were ECONOMIC NATIONALISM sometime ago reputed to have swung over the President to their Ramadan is the lunar month viewa, These views are certainly In the Mohammedan calendar in not those which are now riding
ste Based on Cx which all Moslems fast during policy. They
the day and do their eating and change stabilization at any ratio drinking at night. During that with gold as the beginning of re- time the mosques are, of course,covery. crowded. This year, a correspon. dent writes, the mosques at Irtan- bul were illuminated with electalo signs bearing the legend "Bay Turkish Goods,”
ADVERTISING
GUILLOTINE OR PURGE?
"I agree that, something showja done to prevens and récurrence of the abuses which disfgured: the. boom era," said a well known business man, but why set up a guillotine when recovery is under Reports are persistent in New way, and allow the entire popula
inion to see the spectacle, when York that the dovernment tends soon to instruct the tobacco they should be getting down to
ompanies to reduce their adver work?”
Canton Silk Marketing appropriations and to use
From the Kwangting Raw all Testing Bureau, Department of Reconstruction, Cinton:
Canton Quotations.
December 11, Extra 0.5. 13/15, ELK, 8570N, Small Extra OB. 13/15, HK.
$4TON.
Crack N.B. 14/18 ELK #375N. Extra Extra 20/22 HH.8320, Waste N.B. Open E.K.855N.
Yokohams Quotations.
Décember 17. Spot, Yen 500. Bourse 6 months, Yen 811.
FAR SURPASSED
ne money, arst, in raising pay. dils and, secondly, increasing dividends. Possible, but by no PRE-WAR STEEL OUTPUTS means "probable. Newspapers from coast to coast would mobilize an opposition which would be power
Washington. ful politically in
The daily output of steel in the The report had its beginning; I Sheffield area is now nearly a fancy, in the well known opinions thousand tons higher per working on advertising expressed from time day than it was at the correspond- to time by Prof Rexford, G, Tag: frig sime last year and is still fri- well and Mordecai Ezekiel, both of creazing The present rate of the Department of Agriculture. A production, both in tonnage and rumor gained currency some time in value, is far-higher than in the ago that the department in- best pre-war years. A
Over fen thousand more persons- tended to issue an opinion ondetally that advertising was anti-social. in Shefield are in employment Advertising agencies, hearing it, now than a year agor
Pres Garfield Prea. Polk
INFOR
Dec. 28, Ban.. Jan. Bam. Pres. Adams... Jan 20, 8 a
Pres. Harrison......Feb. 3, 8 a... Prem Bayes Feb. 17, 8.m. Fres." Johnson.....Mar. 8, m
TO MANILA
..........Pres. Jefferson Dec. 16, 6 p.m.
Next Sailing....
Fres, Hoover ......Doc. 91,8 pm.
Dec. 93,8
Dec. 30 6 p.m.
Pres. Folk
Jan. 7,8 m. Pres. Wilson * Jan. 9,5 p.m.
Connecting with 8.8. MAYON To OKBU, ILOMO; ZAMBOANGA
STEAMSHIP LINES
DOLLAR
AMERICAN
MAIL LINE
PEDDER „FUILDING-HONG KONG.
CANTON BRANCH 1-4, AFAKKE ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG).
Tel. 23380-Gloucester Building, Room 306.
(REUTEB'S AMERICAN SERVICE)
New York: December 12.7 Dow Jones Averages:
30 Industrials
High--1939
108:37
66.53
37.72
89.07
20 Bair
90 Utilities
Low: Dec, 11. Dec., 19. Change 41.99 101.34 101.64 30 down
13.93 43.09 12.47.62 down 16.53 / 24.33.34.37 05.78 89.98
8312
.04.up
14 up.
40 Bonds Akia Landa, Limited, has received the following report form their Now York correspondente, E. A Fierce & Co. There has been practically no- change in today's market. There seems to be an increase in prot-taking, but the undertone continues to encourage belief in higher prices, even though there may be a period of backing and filling at around these levels
Wheat: The market was easy under local pressure. Lack of buying. The cash market, was strong- power was a most depressing influence. Receipte were light
Cotton: Small Southern selling and scattered liquidation, in the absence of any important demand, depressed prices. Trade buying appears. on set-backa.
Silver: The market opened wesker on the weakness of Sterling and on lower cables There a no strength at anytime during the day, Considering the feeling of weakness, offerings were at no time pressing. However, it appears that on any rallied, silver is readily available.
Standard Gas declares a dividend of 45 cents (siz preferred) and a.. dividend of 684 cents (seven preferred). Business Done: 1,850,000 shares.
45
-Canadian Pacific
J. I. Case i
0.50 Caterpillar Co. 341
Chase National Bank 1.00 Chrysler Motors ... 3,40 Consolidated Gas of 3.7. Clay Curtian Wright" sequin-
2.00 Du Pont de Nemours 35) 3.00 Eastman Kodak
Electric Anto-Lite Co.
LAST SALE
Dec. 11 Dec, 18
DIV. $ 1935 *HIGH Low PER. SH.
100
1301
3.00 Air Reduction
$101) 81014 -
1424
6.00 Allied Chemical & Dye
(148)
1477
VIT
299
4.00 American Can
991
Daj
American Smelting..
"42
492
1311
70
9.00 American Tel & Ta
• 1204
190
941
44
5.00 American Tobacco "B"
75
744
11
1.00 American Waterworks
195
IDI
Anaconda Copper Mining
142
144
- 1514
281
2.00 Auburn
57
41
Bendix Aviation
168.
18
1.80 Borden Company
21
21
13
131
201 1001
· 161
72
251 25
17
10bid 18 Bid.
51 514
287
39
918
92
814
194
10% & Electric Bond & Share .....
Electric Power and Light..
0,40 General Electric
201
301
401 *
190
1:00 General Foods
38
1.00 General Motors
34
100 Gillette Bilety
10
1.90 Gold Dust
979
0.00 International Harvester
46
214
84
1.00 Loew's Ito.
32
391
231
29
260 National Biscuit
48
60
041
1.00 National City Benk
ToBid 18 Bid
-1.90 National Dairy. Pródástá
13 131
0.60 Otis Elevator,
d
101
101
1.40 Pacific Gua & Electric
· 17
18
30
86790 80
28
135
International Tel. & Tu. L00 Diggett & Myera
Montgomery Ward pin
Packard. Motorságaistaa 0.60 Pennsylvania Railway
Radio Corp
Sears Bochick
1.00 Standard-Brüd
Standard Gan si
1.00 Standard Oil Co. of Now,
Jersey
Socony-Vacuum Corps
$1.00 Texas Corporation
Trans-Americ
1,00 Union Carbide em Union Pacific
--- United Air and -United Carpor
Westinghous