$1.896)
£1313
2147
226)
£12
$101
$90
14
· DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Buyers
$1,895
Beber
Sales Nominal
! ! ! ! ! ! !!!
| WEDNESDAY.
|DECEMBER 20
Banky
H.K. Banks
Do. (London).... Chartered Banks...
Mercantile Bkx. "A"
Do.
་་
Sharebrokers' Association
HONG KONG DAILY PRESS, THURSDAY, DECEMBER 21, 1933.
MONEY AND MARKETS
Ballers
Bayer
MAJO #mina
***
$1,890
H. K. STOCK MARKET
LONDON EXCHANGE RATES
2154
2181
YESTERDAY'S OFFICIAL
Bank of East Aïî....
3061
N. C. & S. Barka
On Amsterdam
Am. U. Fin. Corp
ສ.
Oh. Fin. Corp. Ord. .
Do... Prof. 8
Insurances
$310
Canton Insurances .......
$300
Underwriters
$685
Union InmireNOGE .......
1.es $480
China Firaa
Athens Belgrade Berlin Bombay Brussels Bucharest Buenos Aires
$525
2026
$200
$285
H.K. Fires...
$986
#el
International Asson, 3,
Shipping
$341
Douglases
$18
Steamboate
$30
Indos (pret.)
$35
Do. (def.)
50/.
Shells
+
$15
Waterbosta
Mining
83 cts. Amtamoks..
134
Balaton...
50 ota. Baguio Gold
$10 Benguet Consolidated
Do. Exploration Do. Goldfield
31 st.
30 ta
35 sts. Eig Wedge
18 Gold Creek...
19 Ipo Mining..
#71
Hong Kong Banks #1,825.
130
Underwriters 813.
$35
80/
Wharves $115.
$16
Hotels $61.
.Macao Elections $23 -.
80 ota.
30.
48 ats.
$35
134 0.
129 obs
Hong Kong Fire Insurances $265. Milan.....
Telephones (Cum. Rights) #29)-
Telephones (Ex Rights) $24)." Telephones (Rights) 810/104"
Buyers.
Hong Kong Banks $1,825. Canton Insurances $310.
Hongkong
Lisbou
Madrid
QUOTATIONS
Indications of a better tone per- vaded the market this morning, and a fair volume of business was put through in Telephones, China Lights and Hotels, the last-named monopolising most attention.
Sales.
(BRITISH WIRELESS SERVICE.)
Sterling Parity
12.10 Florina 375 Drachmad .............. 276,316 Dinars *.................... 90.43 Marks 18. 6d. per Rupee .......... 35 Belgas ... 613,568 Lei .... 47.384. per Peso
Copenhagen.....18.189 Kroner
Geneva Helsingfors
........... 25.924 Francs
13.66
1/6 3/64 23,45
545
350.
240. 13.60).
1/6 3/64.
Nov. 18.
8.11
Dec. 19. S. 24
560
540
23.50.
330,
35% 8.0.
'35 S. O.
$9.40
*16.86
193.23 Markı
9204 1/53/16
".... 110 Escudos
100%
1/5 3/16. 1097
25.22). Pesetas. 82.48 Lire
62 1/16"
62)
Montevideo
50.80d. per Peso
354 8.0.
Montreal
New York Oslo
4.867 Dollam 4.867 Dollars
5.10
35 S. 0. 6.10
5.14
18.150 Kroner
19.90
Parisari Prague ......... Rio de Janeiro......
124.21- Francs 164.25 Kronen. 28.33d. per Gold,
Milreis
831
83 15/32.
110
41 8.0.
Shanghai
Stockholm
Vienna
Yokohama
1/34,
18.189 Kronor 34.89 Schillings
19.39
20
204.
24.58d. par Yen
1/8 15/32
1/3).
... 188.
18%.
18 11/18 -
18. 11/16.
71%
101
101.
99.40.
18,90
2284,
fee
39 15/16.
5.13. 19.90.
13
4 S. O.
1/3 11/18 19.394.
H
£12
Xmas Holiday Cruise
Choice of President Hoover"
Bailing from Hongkong... Dec. $1 arriving Manila
President Garfield **
***...... Deo, 28
sailing from Hongkong... Dec. 23. arriving Manila Xmas morning.. BETURNING BY·
President Boover"
sailing from Manila.. arriving Hongkong .... Ober the New Year Holidays Round trip on as. "President Grant” sailing from Hongkong Dec. 30 arriving: Manila New Year morning sailing from Manila Jan. 8 arriving Hongkong Jan 6
Deo-27
Dec. 29.
Fare includes living on board whilat in Manila..
Special raten for hotel accommodation in Manila if desired.
Closing Quotations
**December 21, 1933. On New YORK:-
$18.
12/6 ans !!
Hong Kong Fire Insurances $260,
25/
(single) B.
Wharves &115.
Silver (spot)
$18
Ewo Cottons 9h. $13.
Silver (forward)
$4.35
loration.......
$4.35
16.65 Shanghai' Loans. J.
$6,85
Hong Kong Lands 870. '--
War Loan
312.80 Hauba.....
Realties $5.60.
$13.40
Tronoh Mines.
*197-
Hong Kong Trams $314.
Venezuela Gold Fida.
$51
Star Ferries $100.
Docks, Wharves,
Godowns, stu,
$115
$115
31
$160
$6
$8
S. China Motors' A
Do
"B"
***
$149
37.
$351
201
101
Shanghai Docks S.
-New Engineerings8. Hongkewe, D- Landa, Hotels, and Buildings
H.K. Hotels
***
¡!
| $6.18
16.20/18)
$304
H.K Janda......... Shanghai Landa...8.
$14
Metropolitan Lands..
$6.60
H.K. Heslties.......
跑
*$158
Chins Do..........
$137
Do. DebenturesS.
12.80
E.K. & K. Wharres.
Proridente (old) ... $5.76
Da (new)...75 ots.
H.K. & W. Docks
$118.
412
$80 ats.
$148
China Lights (Old) $9.70, "
China Lights (New) $9.60.
Macao Electrics $23.
Dairy Farms $28.
Watsons $6.30.
Lane, Crawfords $4.45.
Government Loans 4 per cent...
Premium.
Hotels $61.
Sellers
Electrics $734.
Canton Ices 82}.
THE ELEME
$12
"Hauphrajs
New Axis Hotel...
Asin Realties “A”S. Do.. "B".
Chinese Estate.....
Cotton Mille
9117] Shai Cotton......S.
$12.10
161
1
18
$140
520
397
Ewos
8.) 313)
813
Zoong Sings .............&.]
#70
Wing On Textiles(9.)} $70
Public Utilities
$211
Tramways ..........}, 3914
+9170)
$133
Poak Trama (old) .......
!
Do, (new)...
$30 374
$100
Star Ferries
$241
Taumati Ferries $23:
$0.70
$91/9.70
19.50
De. (now).
HK. Electrics
$9,30 173
Macao do.
123 110
291/30
+21
$101/
$781
:::
China Lights (old).........
Sandakan Lights ....
Telephones C. Rta.
'Do.
X.Ets.
Do. Rights
China Buses***
Tlo. (pre).
Industrials
Tractions
$30
$248 $109
•
167-
$16
Malabon Sugars ....
$21
Caldbeck, orti.) 8.
$19
Maogregore praf.)3.
Canton Icon .......... Cements (comb.)..
$34
Do. (old)... Do.
$2.40 $245
$2.4M $2.45
36
200
Miscellaneous
Dairy Farronniere
$28
Der & Wings....
***
$17
Amusernente
310
Ch. E'tainments......
39
EQ ola,
$445
.121
(DAW)...)
Ropes.........
Constructions, (old)
Do.
__(new) 80 ots
Lane Crawfords..... $4
Mackintoaks
Nanyang Tobacco...
$13.20 Sinceres
Watsons
12.19 W Powells
$8,30
33
M. Greyhounda
8. C. Enterprises...
19
United Theatres ...
prem.
$8
81, B. Ind. G. Bonds... 78'
H.K, Govt, Loans... $51}
Wallace Harper
$140 E.K Wing On
She Do.
$2}
T
U.S. WHEAT FOR
CHINA
Part Of G$10,000,000 Surplus Leaves
an
The attention of the cotton trade is being directed to unuayal degree to conditions and possible developments in the Orient. The extension of a credis by the Recon- struction Finance Corporation by which China may purchase up to 800,000 bales of American eckton, the boycott of Indian cotton by Japan and the consequent possibi lity that Japanese spinners may have to buy 1,200,000 or 1,400.000 bales of American and other growths in place of Indian, and the drive by Japanese to capture cloth trade in the Near East, Africa and South America to take the place of Indian business cut off by the high Indian tariff are only some of the phases of the situation in the Orient which are regarded as being of major significance to the raw cotton industry, in this country:
Credits, 60 days' sight.. nou
On demand
b
ÖN LONDON :--
Bank Bills, on demand 361
Telegraphic Transfer...
Bank Bills, on demand Bank Bills, months'
sight
ON BATAVIA -
75
ON PARIS-
Credits, four, months'
Bank Bills, on demand 6877
sight.
1/8
Credita, 4 months' sight 027)
ON SHANGHAI ; ——
ON SAIGON-
On Demand
*102
On demand
087
ON SINGAPORE:----
ON MANILA —
་་
On demand
. On demand
·777
OK JAPAN:-
ON BANGOR-
On demand
1188
On demand
FQM
ON INDIA:-
SOVEREIGNS, Bank Buying
Telegraphic Transfer....
Rate
Bank, on, demand”..............
BAR SILVER, për oz,
188
DOLLAR STEAMSHIP LINE
AMERICAN MAIL
LINE
NEW YORK STOCK EXCHANGE
ASLA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG).
Tal. 28380-Gloucester Building, Room 308.
·(REUTER'S AMERICAN SERVICE)
GERMAN BID
FOR TRADE
Foreign Trade Council Instituted
Berlin, Dec. 20.
A big drive to improve Ger- many's dwindling foreign trade arst meeting was yesterday inaugurated at the
SOCONY-VACUUM
MERGER
Meeting Approves Agreement
New York, December. 14. Stockholders of the Socory- Vacuum Corporation met here to- day and approved the merger of the Far Eastern marketing pro- of the newly in-perties of the Company with the stituted Foreign Trade Council producing and refining facilities attended by the Minister for For- of the Standard Oil Co. of New eign Affairs, Baron von Neurath Jersey in the same area. and Herr Schmitt, the Minister of Economics.
The Council is purely an ad- tions are expected to visory body, but its recommenda- weight of the Government.
carry the
Sih
Herr Schmitt pointed out that! German exports have declined 7.1 per cent. since 1932 while world exports have increased by about one per cent.
Consummation of the agree. ment,according to Mr Herbert L Pratt, chairman of the Board of directors of Socony-Vacuum Cor- poration, will result in increased earnings to both companies.
The merger agreement provides for the formation of the Stand- ard-Vacuum Oil Co. to which will be transferred the respective Far Tastern properties of the two com- The stock of the new Government was pantes. ready to enter into close economic company will be form U. S. 8150- relations with any nation which 000,000 to U. 6. 8200,000,000 and. did not shut themselves out or will be divided equally between the the society of trading nations by two companies. short-sighted protective measures.
The German
The 800,000 bales, of American cotton which the Nanking Govern- $10.10 ment could buy under the $40,000,- 000 R.F.C. credit for. cotton pur- chases at the rate of 10 cents, a pound is more than Chinese mills $3.80 have ever consumed' of the American
One of the, chief tasks of the $13 staple in any full season except in 1931-39, and its consumption of
Council will be the organisaton of German Chambers of Commerce 918,000 bales of American cotton in abroad and the training of a gen- thas season was due chiefly to aeration of young men as foreign shortage of competing growths.
salesmen-Reuter.
442
12
$130 $140
Asia Lands Limited
Gloucester Building Tel. 28880 We offer you a complete brokerage service for the purchase ur sale of New York Securities Daily quotations sent-gratis-upon request. See our investment news on
the Financial Page
The Hongkong Daily Press,
jon Agents
John H. Ferguson & Co.
32, B. O. Shames
POE 13824
SHANGHAI COTTON MANUFACTURING CO.
The
In years when there have been normal crops of "Chinese and Indian cotton, the Chinese milis have used only 260,000 to 380,000 bales of American cotton a year. The Chi- nese crop this year is reported to ho one of the largest on record, and the trade is watching to see how China can consume any large por dealing with the conversion of the provisional resolutions tion of the 800,000 bales of Jacompany's capital from Shanghai cotton without neglecting its own taels into silver guan, an increase of capital to 812,000,000 and com- pany's articles of Association, were: confirmed by shareholders at an ex- traordinary meeting of the Shang- hat Cotton Manufacturing Co., Ltd., held at the head office of the com- pany at 185 Szechuen Road.
Crop.
A complication which enters into the Chinese situation is that Chi- nese spinners normally buy about B50,000 equivalent 500-roond bales of Indian cotton, but about 40 per cent of the Chinese spinning indus try is owned by Japanese, and the The meeting was presided over Japanese-owned mills in China by Mr. H. Togawa, chairman, sup- have joined with the mills in Japan ported by Messrs. K Kuroda, Y. in boycotting Indian botton in Maede, T. Enjolt (directors), and retaliation against the 75 percent E 8. Wilkinson, auditor and T. duty imposed by India on, imparts Hageyama, secretary Shares re-
presented were 74,6422
of non-British cotton cloth. I
Japan and India do to come to The resolutions, four in number,
terms, and the Japanes
Indian cotton
would pres
Canela spingYET!
American cotton" in pi Indian Bat even this additional [demand, "it is pointed out, would
not absorb the fall 800 American- fónní.
Texto
. Proporations of the Socony-Va- cuum Corporation involved in the merger include its marketing and storage facilities in Japan, China," British India, Australia, New Zea- land, Oceania, and South and East Africa.
The Standard Oil Co. of New Jersey will continued the produc ing and refining properties of its aubsidiaries, the Nederlandsche Koloniale Petroleum Maatschappij in Palemsang, Dutch East Indies, Union Atlantic Co., a holding com and the marketing facilities of the pany with marketing subsidiaries in New Zealand and Australia- United Press.
BERLIN STOCK EXCHANGE
tendir
proposed by the chairman and. seconded by Mr. Kuroda, and hav Eng bebr imantmendy paised by the shareholders present. Mr To gawa stated that as soon as the of checkin legal procedure, had been complet= ed, appilcation forms -- for – the abares in new issue would be sent to every shareholder:
›ber 30-1983.
December. 14.
done on
there was cho: way
(dowb
intere
as the stor
bly exceeded the do- Call money stood at 4fper
-Ocean.
New York: December 18,
Dow Jones Averages: Bigb-1933
Low: Dec., 18: Dec, 19.
Change
30 Industrials
108.27
$1.23 97.20
97.26
Ob up
20- Bails
56.53
13.23 40.18
3496
.18 down
20 Utilition
37.73
16.53 23.01
69.07
1:40 Bonds
2. 1271-130 down 05.78 89.94 82,79 16 down
Asia Lands; Limited, has received the following report form their New York correspondente, E. A. Pierce & Co. There was nothing of interest in the market today. It looks as though there was a substantial amount of switching and selling for tax purposes, with outside interest severely restricted.
Wheat: Holiday dullness was pronounced, with prices Auctuating bearish. slowly within narrow limits. The Government report was somewhat.
Cotton: The tone was steady, Sentiment continues friendly despite lack of any important speculative demand.
Silver: Interest was nominal with a small turnover. The only inte resting trading that occurred was the buying of 15 lots for February by one broker.
Business Done: 1,020,000 shares.
1835,
Div. Hiow Low PK. SH.
100 1421 97+ 421
294
44
LAST SALE
Dea, 18. Dec, 18.
301
2.00 Air Beduction
$90
$99
421
8.00 Allied Chemical & Dye...
TX3
1444
4.00 American Can
.042
American Smelting..
41%
413
1874
701
8.00 American Tel. & Tel.
1104
110
041
5.00 American Tobacco B
701
131
11
100 American Waterworks
Anaconda Copper Mining
181
181
13
124
1511
281 2.00 Auburn......... Bendix Aviation
56
639
104
15%
431
18
201
1.60 Borden Company
Canadian Pacific
904
20
124
191
103
18
201
174-Bid 174 Bid
50% 378
684
14
ว
48
16
801
1.60 General Foods'
401
971
.46
gra
J. I. Casemir
0.50 Caterpillar Co...........
Chaos National Bank'
1.00 Chrysler Motors
3.40 - Consolidated Gas of N.Y.
Curtis Wright Y 2.00-Du Pont de Nemours 3.00 Eastman Kodak ........
Electric Auto-Lite Co..... 6% Klectric Bond & Ebare
Electric Power and Light... 0:40, General Electric
1.00 General Motors........
1.6 Gillette Balety
$1.90 Gold Dust
0.60 International Harvester
International Tel & To
4.00 Liggett & Myers "
1.00 Loew's. The. Comita
-
Montgomery Ward
1802 National Biscuit
100 National City Bank
1. National Dairy Produ
0.00 Otin Elevator
170 Padine Gas & Elet
Packard Motors
37P sunsylvanis, Rail)
Radiny Oor
16, Bid'
171 Bid
17 Sale 161
ELTÜL FO