Sharebrokers'
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
FRIDAY. DECEMBER 22.
Buyers
Ballers
Baker
Nominal
$310
$1.05
1585
$825
£625
འ ་
$900
3117
#
Banks
Association
H.K. Banks
Dp. (London)...| Chartered Banks Marcantile Bks. "A"
Bo.
C
Bank of East Axia...
Buyer
Before
Halomino },
Canton Insurance... $310
H.K. Fires.wo...tes $6 International Assos, 3.
Amtamoks
Balatcos SAPUNIRE
Baguio Gold .......................
Benguet Consolidated!
Do Exploration
Do. Goldfield
Big Wedge
Gold Creek.
Kallang ...............BREASTATI
Langtion....., N.
18.65 Shangbai Loans "S.
***
HONG KONG DAILY PRESS, SATURDAY, DECEMBER 23, 1933.
MONEY AND MARKETS
H. K. STOCK MARKET
WEEKLY REPORT
www
'#
On
LONDON EXCHANGE RATES
With the Settlement intervening | Amsterdam In the past week, it is only to be Athens expected that fresh trading would Belgrade naturally be limited, at any rate, Barlin'....... such was the case during the few Bombay days prior to Settlement Day.
Brussels
Since then, however, there has Bucharest been a fair recovery in rates all-Buenos Aires round, with the following issues Copenhagen higher on the week, namely Banks, Geneva ...... Unions, Wharves, Hotels, Trams, Helsingfors Lights and Telephones.
Closing tone steady to arm.
BUSINESS DONE DURING
THE WEEK
Hongkong Banks, $1830, 81825,
Hongkong Fire Insurances, $280,
Hongkong
Lisbon...
Madrid
Milan
Lands, 871, $714. $71, $704 5701, Stockholm
Telephones (Cum. Ets.), $294.
Telephones (Rights), 811, 8104
säge
Ewo Cottons, Sh. $13.40, sh. 313. ON LONDOX:-
90.
CHANGES (3.15 p.m.) CLOSING
QUOTATION
Buyers.
Union Insurances, $588.
Hotels, $81.
(BRITISH WIENERSE SERVICE)
..... 90:43 Marks
Is. 6d. por Rupee 1/6 3/16
36-Belgar
................ 613,568 Lei. 47.50d, per Poso 18.159 Kroner 26,924 Francs 193.23 Marks
Milreis
3.071
10.90
Closing Quotations
December 2, 1971 ON NEW YORK:
331 S. 0.
40
760
بوو
Bank Billa on demand 76 Credits, 60 days' sight.. nom
ON BATAVIA :— »
On demand
ON PARIS:
Bank Bille, on demand 500
Credits, 4 months' sight 630
13
PRESIDENT Viners
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
TO SAN FRANCISCO 18 Days.
via Shanghai, Kobe,
Yokohama, Honolulu
Fortnightly sailing
Pres. Hoover ...Dec. 29, Midnight Pres. Wilson ....Jan. 18, Midnight Fres. Coolidge Jan 26, Midnight Pres. Lincolă .............. Feb. 13, Midnight Fres, Hoover. Feb. 23, Midnight
To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailings Pres. Jefferson... Dec. 22, Midnight Hres. Grant...Jan. 5, Midnight... Free. Cleveland ...Jan, 19, Midnight Pres. Jackson ́.... Feb. P, Midnight Pres. Jefferson.....Feb. 16, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA,
Special through rates to Europe via United States, connections with all Atlantic lines.
Direct
Uhotos of rail lines sercas United States and Canada, liberal step-over -privileges for --
Sight-moeing. Full particulars upon application,
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay,
Suez Canal, Alexandria, Naples, Genoa, Marseilles, ........
* Now Tork and Boston. Pres, Garfield Dec. 23,8
Pres. Harrison Pres, Polk ..........Jan. - 6, 8 à in. - Prén. Hayes .... Pres. Adams
Pres. Johnson Jan. 20, 8.x.
TO
MANILA
Feb.
Feb, 17, 8, Mar., 8W.
Next Sailing....: Pres. Garfield Dec. 23, 8 a.m.
Pres. Grant Dec, 10, 8 p.m. Pres. Folk. Jan. 6, 8 mm. Pres. Wilson Jan. 9, p.m.
($1,830)
$1,890
$1,897
the
£132
216
2:51
615
228
Sterling Parity
Dea. 20.
Dec 1.
£121
B19)
12.10 Florins
.8.18 1
3.14
$101
N. O. & S. Barka ...
$861 $7
375 Drachmaa
570
530
$20
Am. O. Fin. Corp: 8.
276,916 Dinars
240
40"
stai
13.76)
13.72
M
Ch. Fin. Corp. Ord. 8.
1/6 3/8
Do.
Prof. 8
30
Insurances
93.61 350
93.60
330
Underwriters
31
Union InsuraĽCÓɑ ***
354 8.0. 92.40
99.40
1580
China Fire,
མ་་་*འོ**
$620
$265
Shipping
$344
Douglases
$341
#16
Steamboats
110 Escudos 25.22) Pesetas 9248 Lire
17 3261 7/5/3/18 1093 40
16.97
226H
1/5 3/16
100%
629/16
$30
Indos (pret.)
$30
Montevideo
50.68d. per Peso
33 8.0.
35% S. O.
135
Do. (def.)
$35
30/-
Shella
$1830.
Montreal
58/-
$15
Waterhosta
Union Insurances, $585, $590.
New York
4.867 Dollara 4.967 Dollars
5.07
3.08,
3.08
$15
Mining
Chins' Underwriters, 814.
Oslo
18.159 Kroner
19.90
83 si
176 eta.
Paris
$265.
Pragne
194.21 Francs 164.25 Kronen:
83 20/32 110
83 23/32
1701
$34
50 ca.
49 ota
Wharves, $115.
Rio de Janeiro
....... 20.90d. per Gold
$10
136
Providents (Old), 82.80,
30 ct
32 ott
Hotels, 88 `85.20.
Shanghai
30 ut
***
35 at
29 obs.
Chinese Estates, 8971.
Vienna
Tramways, $214.
Yokohama.....
18.160 Kronor 34.561, Schillings 24.56d. per Yea
41 8.0.
1/94 19.393
44 $ 0.
-1/3
19.391
20
1/2)
1/2
10
Ipo Mining..
Macao Electrics, $23.
Silval (spot)
18 9/16
IS 0/18
#71
Itogons ********
Silvar (forward)
188
23/3
$18
(single) 9.
$30, $30.30.
War Loan
101
1011
110
#
Telephones (X. Rta), $24.
35
$4.45
$8.66
$12.80
Raubs......$17.50 ex dr. $12.80 ex div
8101
Tronoh Minos
19/-
Cements (New) cum call., 834.
36
Venezuela Gold Flas
563
Watsons, $8,30.
Docks, Wharves,
Lane. Crawfords, 54.60.
Godown, sta.
H.K, & K. Wharver. $115i|
$2.60
Providente (old)
$8.75
$1
Do. (new)...
180 ot.
$184
H.R. & W. Docke....
214
516
8. China Motors A
$4
$8
Dö
$4
$149
$148
$7
New Engineerings8.
Faiz
Hongkas
D.
56.20 $70
$36
$14
Metropolian Lands..
HE. Realties........
$15
China Do.........
$137
Do. Debentures 8.
$13
Hamphreys
aimin
$12,10
150
$140
Asia Realties "A"S.
320
Do.
"B" B
$97
Chinese Estates......
13
3117 Sat Cottons......S.
8134 Zoong Sings
.B. $13
S
118
8131
$70
Wing On Textiles(8.) 170
Pabllo Uullting
Tramways
$213
$154
Poak Texins (old)...
315
$72
Do. (new).
$7+
$100
Star Ferries $100
$24
Taumati Ferries $93}
19.20
China Lights (old)......
191
19.80
Do. (BA)...
$8.30
$731
H.K. Electrics
:73
$23
Macao de
1+
3104
Sandakan Lights ...
$30.80
330.30
Telephones C. Hta. 30
125
Do.
X. Bus
$241
$10
Do. Righte
$11
China Buses......8.
3/
Tractions
16/-
Do. (pret.).
Industrials
321
Malabon Bugare ... Caldbeck, Yord.) 8.
313
$21
Canton less
+31
Cementa (comb.)...
Do.
(old)... (AW)...
$2,40
$2.45
304
328
$21.30
50 ot.
$4.45
Shanghai Dock S
26.18
Lands, Hotels, and
Buildings
H.K. Hotels
HK Lands... 8. $70
Shangha! Landa...B.
New Asia Hotel
Cotton Mills Ewos
$19 Macgregora(pref.)8.
$1
3101
Ch. E'tainments...
$4.60
€21
***
Do.
Kopon
Miscellaneous.....
Dairy Farmer
Der A Wings...
Amusemente ...............
Constructions, (old)
Do,
(now) 60 ats
Lane Crawforda...... $1† Mackintosha".. Nanyang Tobacco...{ $34
J13.20 Sincere nonume
Watsons...mais arres
Wm. Powells.********
$14
$2
TH
Realties, $5.80.
Star Ferries, $100.
Macao Electrics, 8231.
Sales.
Union Insurances, $590.4 Lands, $70.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
REPORT
Telegraphic Transfer...
Bank Bills, ou demand
Bank Bills, 4 months'
sight
15
Credits, four months'
sight
1/5)
ON SHANGHAI:-
ON SAIGON: --
On Demand
10
On demand
ON SINGAPORE:---
ON MANILALIM
On demand
ON JAPAN:-
ON BANGKOK !—
On demand
1168
OR INDIA
Bank, on demand
Telegraphie Transfer...
On demand
On demand ... SOVERZIONE, Bank Buying
BAR SILVER, per oz.
Rate
THE OVER VALUED
711
132 nom
1/64 18 9/10
FRANC
Why People Are Selling
(Special Air-Mail Service)
Ready Silver was unchanged yesterday but the Forward rate dropped 1/16 making the quota- tions 18 9/16 for Ready and For- ward: Silver advices reported In- dia as having sold. China operat- ed Both ways. The tone was
London, Nov. 29. steady. America was inclined to Although the decline of francs is buy. In America the rate was un-persistent, it is not more pronoun- changed at 431 for Spot. Steady, ced than several previous declines.
New York advices reported the opening rate at 5:09) and the clos- ing rate at 5.073. The market was dull.
Market.
inent with rather more confidence than a few weeks back,
Allsopp's, in June last, reduced the interim from 3 per cent to In terms of sterling francs are very 3 per cent, and even this rate was dear compared with the average only made possible by drawing upon rate for, say, last year. As star-reservce previously accumulated.
reason of The final last time, was 41 për ing has improved by Britain's larger international ba cent, which made 8 per cent. for Firm owing to President Roose-lance the frane, where the balance the whole financial period. It is velt having ratified the London of payments has worsened, must be anticipated in market quarters silver agreement and ordered Gov-at an artificially high value, that the final will be at least main- ernment purchase of Bilver at 84 cts. an ounce.
If there is anything in purchastained." ing power parity the frane should
The "Evening Standard" is in- be much nearer to 100 to the formed that the annual meeting of than it is.
Ind Coope has been fixed for December 11 and that it is hoped to get the report out by month, end U.S. Profits Increasing Certain of the American bank letters are expressing
Sterling. "The market'opened with sellers at 1/5 5/18 but business was soon For these economic reasons as arranged at 1/5 for January fol- well as because Franca is expected lowed by transactions at 1/5 7/16 to be driven to desert gold English for January and cash. The mar people who have credit accounts in ket closed at lunch time with sell-francs, are having them converted monthly ers at 1/5 7/18 December-January | inte sterling. Americans are tak- | great distrust of the monetary ex- and 1/5 15/92 February, buyers ating gold from the Bank of France.periment in the United States. 1/32 higher respectively,
Some French money is leaving Paris More than one of them recalla U.S. Dollars.
On top of these current capital the history of assignats in France There were sellers early in the movements there is considerable and post-war inflation in Central morning at 37 1/16. buyers bld-speculative selling of francs which Europe. 110.10 ding 37. Subsequently the mar is beginning to press upon the rate $24
ket frmed up and towards lunch of exchange. ·· time sellers were indicated at 37 7/16 for near and 37 9/16 January, buyers at 37 9/16 for near and, probably 371 January.
Ten Merchants were quoted for near delivery.
Shanghai Dollars, Were quoted at 110 11/16 for cash.
$4.60
$13
18.30
$2.10
$2
M. Greyhounds.....
+
5. U. Enterprises...
$2
United Theatres... 8.
1.
B. Ind. G. Bonds... 78.
38
Wallace Harper..............
$140
H.K. Govt. Loans ........ $1934.
H.X Wing Oo .......
-S'hai Do.
$140 $140
Asia Lands Limited
Gloucester Building Tel. 28880 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 Agents
John H. Ferguson & Co.
B. O. Shameen.
Tel 13624.
Previously bear" speculators have been squeezed by the Bank of France. They are more fearless They than ever in this decline. predict confidently that the franc at 119 will go on declining...
Shanghai, Firm. Sellers were indicated at 1/34 for near, buyers probably at 1/3 19/16 for cash.
U.S. Dollars, There were sellers early in the morning at 331 for near but sub- sequently the market firmed up to sellers at 337 for near, buyers at 34 cash.
IN THE AFTERNOON The market was firm in
afternoon.
Sterling.
UNION. COLD STORAGE CRITICS
These things are just as irrele- vant to the American "situation as they were when raked up in con- nection with the British situation in 1931.
What is relevant and valuable about United States progress in 1933 is the National City Bank's aggregate net profits of 206 indus- trial corporations showing very en- couraging progress. In the third. The market in Union Cold Stor-quarter of this year these under age Preference stock has been some-takings showed 120,600,000 dollars what unsettled by the proposed re- net profits compared with a deficit duction with cash compensation, of in the third quarter of 1922 of the dividend rates.
11,583,000 dollars. The present Admittedly the present fixed di-year is proving one of industrial vilend rates (6 per cent, on £8,000 progress and increasing prodits. 000 of First Preference, 7 per cent, Because of these and similarly on £2,000,000 of Second Preference, encouraging figures many New and 10 per cent. on £1,000,000 of A York stockbrokers are predicting Preference)) are very high. higher Common stock prices in the
Critics of the directors propos-next four weeks, theals say that the present low rater of interest on loan money will not last and that the company is not offering sufficient cash compensa tion for the reductions they pro pose. As is known the immediate cash payment is equivalent in each case to ten years' capitalisation of the amount taken off the dividends. In these days sound high-yielding investments are hard to find, and it is claimed that the cash payments will not be easy to re-invest on a profitable basis. ALLSOPPS AND IND COOPE
done
In Sterling business was at 1/5 19/32 and 1/5 for cash. finishing with sellers at 1/5 December-January and 1/5 11/16 February, buyers at 1/5 11/18 for December-January and 1/51 Febr-
uary.
US Dollars..
It is expected that the directors of Samuel Allsopp, and Sons will announce their final dividend on the Ordinary shares to-morrow or
Business was done at 377 for cash and 28 for the last day of De cember and January. At the close there were sellers at 37 13/16 for near and 98 January, buyers at 37 15/16 for near and 38 1/16 Jan-
- Shanghai. Business done for January at Friday.
The satisfactory results now com 1/3 "15/16
U.S. Dollars.
ing to band from most brewery Business done at 34 7/16 Jan- companies have caused the market to look upon the coming announce úary.
магу.
Canton
Silk Market
From the Kwangtung Baw Silk Testing Bureau, Department
Canton Quotations. Reconstruction, Canton -
December 20, 1933. Ertra 0.8.
13/15 H.K. T $ 585N Small Extra 0,8. 13/15. H.K..
$460N,
Crack NS
376N. Extra Extra
$330N. Waste NE. Open
#53N.
Pres. Cleveland......Jan. 13, 6 p.m.
Pres. Coolidgo.......Jan. 18, § p.m.
Connecting with 8.8. MATON 70 CEBU, ILOILO, ZAMBOANGA
|DOLLAR STEAMSHIP LINES
AMERICAN
TEDDAH BUILDING-HONG KONG.
CANTON BLANCH:- KHAKET HOAD,
LINE
NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG). "
Tel. 9380-Houcester Building, Room 308.
(REUTER'S AMERICAN SERVICE)
Now York: December 21.
Dow Jones Average:
30 Industrials
Higl-1932
108.27
Cow: Dec, 20. Dec., 21.
Change
41.22 85.28
25.80-
19. up
56.53
13.23 39.93
39.13
110, down
20 Utilities
37.73
16.63 92.15
89.07
63.78 82.78
21.80 62.82
.99 down
.04 up.
20 Railr
40 Bonds Asia Lands, Limited, has received the following report form their Now York correspondents, E. & Pierce & Co. The tone is still inconclusive and perhaps questionable. Many traders who follow technical indications appear to feel that there will be another spell of weakness, and are stand- ing aside in order to better measure the resistance underneath the market. Whoat: Further year-end liquidation and lack of buying power, instead of heavy pressure, is making the market vulnerable. Farmers are not selling.
Cotton; There was scattered liquidation for January, in preparation for notice day tomorrow. There was small selling of other months. The Trade bought the bulk of the sales. Speculative participation was small. Silver: The market was a narrow affair. Bank baying appeared for the first time in several days. This tended to absorb liquidation. Business Done: 1,020,000 shares.
LAST SALE.
1835,
Drv. $ HIGH Low P. SH.
186$
Dec, 20. Dev, 31.
105
30%
3,00 Air Beduction
2981
1421
49
8.00 Allied Chemical & Dye
141
1491.
97
198
.4.00. American Can
94
93
5.
American Smelting.........................
394
301
1371
9.00 American Tel. & Tol.
100
109
042
44
6.00. American Tobacco !! B
70%
71
434
11
1.00 American Waterworks
17
.170
**
3
Anaconda Copper Mining
13 13
1614
281
9.00 Auburn
401xd
4
Bendix Aviation
10
151
18.
1.00 Borden Company
· 201
"201
121
12
103
181
J. I Case' oración
641
ZU
0.50 Caterpillar Co.
47%
17#
140 Chase National Bank
"b
49
1.00 Chrysler Motors
081
852
431
104
947
978
14/10 H.K.
·20/22 H.K.
H.K
28
Spot
悲
Bourse & Months.
Yokohama Quotations.
December 21, 1933,
Yen 550 Ten 509
·14
Canadian Pacific
3:40 Consolidated Gas of N.Y.
Curtiss Wright
Zoo Du Pont de Nemours
3.00 Eastman Kodak
yari
Electric Auto-Lite Col
0% & Electric Bond & Share
Electric Power and Eight...
0.40. General Electric,
1:00 General Foods
1.00 General Motors
1.07 Gillette Safety ...... 1.20 Gald Dust
0.60 International Harvester
34 International Tel & Tel.
4.00 Liggett & Mjere
8 1.00 Loew's Inc. ! Montgomery Ward
* B
2.80 National Biscuit ..... 1.00 National City Bank 1.20 National Dairy Products 0,60 Otis Elevator.........
10 Pacific Gas & Elecíno .........
Packard Motors.
1.86 Pennsylvania Railway,
Radio Corpn.
Sears Roebuck.......... 1.00 Standard Branda
Standard Gas
1.00 Standard On Co. of New
Jersey huminary Finan
Bocony Vacuum Corps... 1.00 Texas Corporation.
Trans-America
1:00 Union Caibide & Carbo 8.09 Union Paciférié
United Air and Transp United Corporation. United States Steel Westinghouse E& H
-17 Bid 17Hid