DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Sharebrokers'
Association
FRIDAY,
Ballers
Bayere
Boltera
Balem Nominal)
Buyert
இ |Numine)
DECEMBER 29.
Banks
$1,835
78411111
313
585
$300
$1.65
5580
$025
China Fires
$260
Shipping
་་་
2131/
E15
£20
£18
5101
$20
H.K. Banks
Do. (London) ... Chartered Banks Marcantile Bks. "A"
Do
Bank of East Asia...
N. C. & S. Barks ...
Am. O. Fin.Corp: 9.
Ch. Fin. Corp. Ord. S.
Do. Pref. 8 Insurances
Canton Insurance...) 1910
Underwriters ******
Union InsuraBOOS .......
H.K. Fras.***** $285
$61 International Asses,
9.
334)
Douglases
·5541
$124
Steamboats
130
Indon (pref.)
$35
Do (def.)
30/7
Shells
$15
83
܊ ܐ
Waterhoata
Mining
77 eta. ete Amtamoks ......................
$34 Balateos
50 eta. Baguio Gold .........
$38 Benguet Consolidated
> +
130 t
Do. Exploration
Do. Goldfeld ...
Gold Creek..
Ipo Mining..
30 at..
31,838
415)
⠀⠀⠀ ⠀udi unir
3071
Bes
218
$7
$525
$15
80
$35
$15
78 sta.
4 ota
$36 139 cts.
26 ots
HONG KONG DAILY PRESS, SATURDAY, DECEMBER 30, 1933.
MONEY
H. K. STOCK MARKET
WEEKLY REPORT
AND MARKETS
LONDON EXCHANGE RATES
On Amsterdamı Athena Belgrade Berlin Bombay ..... Brussels Bucharest Buenos Aires Copenhagen
Consisting as it did of practically only two whole business days, the past week was devoid of any deve- lopment. There was some activity. however, in Hotels and China Lights, of both of which fairly large parcels of shares changed hands, the former at $5 and the latter as high as $9.86 the market Geners". for these closing firmer.
Telephones also came in for a fair amount of enquiry, and be: came slightly flymer..
Closing tone generally steady.
BUSINESS DONE DURING THE WEEK
Hongkong Banks, $1835. Canton Insurances, $310. Union Insurances, $590. China Underwriters, 81.65. H.K. Steamboats, $12). Providents (Old), $21. Hotels, $81.
Hongkong Lands, $70), $70.
Realties, $5.80.
Tramways, $211.
China Lights (Old), $94, $9.85. Electrics, $73.35, $73, $73.
Telephones (Cum. Rights), $301. Ropes, 862.
Dairy Farms, $281.
CHANGES (3.15 p.m.) CLOSING
iiiiii
35 ob
Big Wedge .................
19
$9
Itogona
23/3
Kallans********
$18
Langkats (single) E
$17,60
$4.35
Explorations......S
$2.15
$6 65
Shanghai Loans d.
38.70
113.00
Ranta......ES
$17,65
Tronoh Minos
19/-
38
Venezuela Gold Flds.
361
Docks, WharvDN,
Godowns, eta,
H.K. & K. Wharves.
3118)
12.80
Providentz (old) ... $9.65
$21
$1
Do. (new)
A
180 ctx,
Telephones (Old), $244.
$184
H.K. & W. Docks
FK4
08
18
S. China Motors' A
Do
24
"
$4
Providents (Old), $2.
$147
Tramways, $211.
H+
37
New Engineerings8.
$351
Hongkewe
38
Electrics, $73.
QUOTATIONS.
Buyers
Sales
(BRITISH WIRELIJA" SERVICE)
Sterling Parity
19.40 16.99
its
23.59
"
Dec 27.
Dec. of.
12.10 Florina
8,13)
8:15
378 Drachmas
570
570
.................................., 276,316 Dinars
£40
210
90.43 Marks ... 6d. per Rupee 36 Belgas 813,508 Lei
13.69)
13.72)
1/6.1/18
1/8 1/16
93.53
550
350
47.56d. per Poso
387 8:0.
354 S.O.
18.159 Kroner
23.40
98,22 Francs.
16.92)
Helsingfors Hongkong
193.23 Marks
226
290)
1/31
1/5/7/10
Lisbon
Madrid
110 Escudos 23.22 Pesetas
1097
100%
30
Milan
Montevideo
********. 92:46. Lire 30.88d. for Peso
62.5/10
691
354 8:0.
35 R.O.
Montreal
New York
Oslo
*Paris
4.867 DollarE 4.907 Dollars 18.139 Kroner 194.91 Francs 184.25 Kronen
5.10.
6.091
5.10
5.08
19.90
19.90
83 15/32 1091
83 21/39
1101
Milreis
41 $.0.
4).S.O.
1/3 13/16
1/3
Stockholm
Vienus...
18.150 Kranor $4.58) Schillings
10.30
19.38
291
34.384 per Yen
. 1 }}
1/21
Silvoi (spot)
164
18 75/30
Silver (forward)
War Loan
2%
18.13/18 1011
19
100 1/16
Prague
Rio de Janeiro...... 28.90d. per Gold
Shanghai
Tokohams
་
ON SHANGHAI :—
201
Closing Quotations
December 29, 13 ON NEW YORK:
Bank Bills, on demand 381 Credits, 60 days' sight.. nom
ON BATAVIA
ON PARIS:-
ON LONDON:-
Telegraphic Transfer...
Bank Bills, on demand
Bank Bills, 4 months
On demand......
-581.
might
Credits, four mouths'
Bank Billa, on demand 805
sight
1/8/
Credita, 4 months' sight 645
ON SAIGON:-
-On Demand
On demand
60)
OF SINGAPORE;-----.
ON MANILA
On demand
8 i
On demand
73
ON JAPAN -
OF BANGKOK:
On demand................................
1191
On demand
ON. INDIA-
SOVEREIGNE, Bank Buying
Telegraphic Transfer... pe Bank, on demand
Rate
1/6
BAR SILVER, per os.
18 16/18
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, Yokohama, Honolulu
Fortnightly sailings, Pres. Wilson Pres. Coolidge Pres. Lincoln
Jae, 18, Midnight Jan. 26, Midnight Feb. 13, Midnight Pres. Hoover. Feb. 13, Midnight
via Shanghai, Kobe. Yokohama
Fortnightly mailings - Pree. Grant.Jan. 5, Midnight Pres. Cleveland ...Jan. 19, Midnight
Feb., Midnight. Pres. Jackson ... Fres, Jefferson.....Feb. 16, Midnight Pros, Grant Mar, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA.
Direct Special through rates to Europe via United States.
Choice of rail lines scross connections with all Allantro lines, United States and Canada, libara stop-over privileges for Bight-wing, Full particulars span application.
Fortnightly via Svez to Europe & America ¿
Fortnightly sailings on Saturdaye vis Manila, Straits, Golombo Bombay, 18uez Canal, Alexandria, Naples, Ganos, Hargailles, New York and Boston.
...Feb. 17, 8 a.m. Proa. Hayes... Pres. Johnson Mar. 8, 8 A Pres. Monroe. Mar. 17, 8 m.
Pres. Folk
.....Jan. 6, 8 m. Pres Adams ... .. Jan. 20, 8 a.m. Pres. Harrison Feb. 3, But,
TO MANILA
Next Sailing.
Pres. Grant Dec. 30, 6 p.
Pres. Polk
*** J. £;&am Prea. Wilson ... Jan. 9,6 p.. Pres. Cleveland......Jan. 13, 6 p.m.
Free. Coolidge......Jan. 18. p.m. Free Adams.... Jan. 20, 8 alm. Pros. Jackien......Jan. 27, 6 p.m.
Connecting with 8.8. MAYON To CEBU, ILOILO. ZAMBOANGA
STEAMSHIP
DOLLAR
AMERICAN
LINES)
MAIL LINE
PRONER BUILDING-HONG KONG,
CANTON BRANCH 1--4, KHAKUX ROAD,"
1:
$149 Shanghai Docks S.
161
$704
$30
$14
SID
Lands, Hotels, and
Buildings
16.15
H.K. Hotels. H.K Tands... $70
Shanghai Lands...S..
Metropolitan Lande.
HE, Realties.........
Chips. Do
....
Do DebenturesS.
Humphrey ****** New Asia Hotel
Asin Realties "A"S.
$12.10
$50
3137
$12
A+
$140
$20
Do,
"B".
$97
Chinese Estates..........
Ootton Elle
$12.95!
$12.90
$117 8 Cottons......S.
112
813
Zoong Sings
8131
$70
Wing On Textiles(S.)
$70
Public Utiliting
3211
Tramways .....................................
$104
Peak Traina (old)...
#71
Do.
(new)...
#211 #15 376
$100
Star Ferries.
$100
$241
Taumati Ferries
$23)
$9.85
$11.85
*
China Lighte (old)... 19.86
H.K. Electrics
:721
$9.30 73/73, 36
Macao do.
$10
New $33
Do.
X.Eta.
$304 $243
Do
Rights
$11
$112
China Buses.......
3/-
Tractions b
Dlo. (pref.)......
Industrials
$16
Malabon Sugars
$15
$21
Caldback, 1(ort.) 8.
$192 Muogregora (pref.18.
Canton fees
39.70
$721 $731 373 35 $23
1244 Old
$61
$2)
Do. (DOW)...
Sandakan Lights... Telephones . Rt.
"Do.
Cements (comb.)...
Do.
(old)... (new)...!
Rpp4##,-• སནཎྜ་ Miscellaneous
Dairy Farms 241900) Der A Wings...............
Aansemente
Ch. E'tainments......
Do.
413.30 Binceros ...............................
Watsons
39.46 31.45
16
$28
3101
$2
Constractions, (old)
.50 otä
(new) 50 ats
| $4.45
Lane Crawfords.get
310.10 $24
$4.70
#21
Mackintoshs
Nanyang Tobaco... $3
$13
***
32.10
Wm. Fowells suun
$2
M. Greyhounds......
$13
S. C. Enterprises ....
$2
United Theatres...B.
81%
B. In G. Bonds... 78.
prem
$140
ELK. Gors, Los.....): $1031
Wallace Harper .......
6.K Wing Oo
S'bal Do.
****.
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
REPORT
Mesars, Roza Bros.. have- for- warded us the following exchange market report for yesterday:-
Silver prices rose 3/16 yesterday for both deliveries, the quotations being 18.13/18 Zor. Ready and 19 Silver advices re- for Forward
WORLD BUSINESS
ported China and America as hay- ing bought. Offerings were small In America the rate was higher at
Mon: "The market was 441 for Spot. Arm
New York advices reported the If the opening rate at 5.08 and the clos-T ing rate at 5.07 Inclined to easiness.
The Franc
INDO-JAPANESE DEADLOCK
Tokio May Buy From America
Cotton negotiations between In- dia and Japan are repidly de-
towards teriorating
an impasse. Critics believe that the vagaries of the dollar may have some con- nection with the Japanese refusal of the Government of India's rea- sonable offers.
One of the suspicions generated by currency nationalism debits President
the Roosevelt with intention of forcing France off the .gold standard preparatory to lead- the the world to universal revalu
Even reputable newspapers are making use of the charge. charge is untrue, as belleve it - 15, it la time it was checked. Otherwise, if France should drop off the gold With the exception of the standard, 20,000,000 Frenchmen
It is obvious that a further fall Shanghai räte which was unchang-will certainly attach the blame to ed at 110 and the Bangkok rate President Roosevelt, and Franco-in the dollar would enable Japan which was put down to 1281, other American relations will suffer cor- to buy American cotton
cheaply than Indian. « rates were put up.
respondingly: "
India's final terms were present- ed to the Japanese, delegates over a month ago after a very thorough investigation. The present haggl- ing continues over apparently tri- vial details, while the Japanese
Firm.
Market
Sterling.
};
The market opened with sellers at 1/5.11/16. buyers bidding 1/32 at which rate business was done
for cash followed by transactions for January delivery. The market closed at lunch time with sellers at 1/5.23/32 December/January and 1/5.25/32 February, buyers probably at 1/5 December/January and 1/5.13/18 February.
U.S. DollarN,
Business was done during the course of the morning at 37 for January delivery. The market closed at lunch time with sellers at 37.9/16 for cash and probably 371 January and 37.15/16 February, buyers. at 37.15/18 December/January 38.1/18 February....
Yen.
and
1 Merchants were quoted at 1214
8140
$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 Prem
Janion Agente
John H. Ferguson & Co.
32, B, C. Shameen.
Tel. 13824"
for near delivery.
Shanghai Dollars, Shanghai dollars were quoted at 110 for near delivery. Shanghai,
Early advices indicated business done at 343/18 for January livery. Subsequently the tone ap- peared a shade easter with buyers at 344 January, sellers at 34.1/16.
Sterling. Business was done at 1/4.1/18 for January There were buyera at that rate, sellers at 1/4
IN THE AFTERNOON, The market was a shade easier in the afternOOK.
Sterling.
French Gold,
The result of the President's policy in taking gold out of France has been as exaggerated as the President's aims RFC purchases
more
in France must be inanitesimal boycott on Indian cotton remains The policy is not gold buying "per and leaves the wretched cultivator se"; it is gold price fixing. The as the sufferer.
RFC, in offering a higher price
for gold abroad, is not necessarily obligated to buy inuch metal. It
posts a new price, buys a little Canton Silk Market
metal; and influences the world price of it. Clearly, if the American Government is prepared to pay a higher price for gold, the world price for gold must be affected. France still holds plenty of metal in its vaults. The drain in the last ten weeks has totalled only $120,- 000,000, or less than 4 per cent of the country's gold reserves. These are still immense, being enough to cover the currency outstanding franc for franc, and amounting to no less than 70 per cent of all the abilities chargeable against gold.
Balance of Payments.
[]
From the Kwangtung Raw Silk Testing Bureau Department of
construction Canton:-
Canton Quotations.
Dec. 27. Extra 0.8. 13/18, 'ELE #546P. Small Extra 0,8. 13/18, E.K.
$460N
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG).
Tel. 25380-Gloucester Building, Room 306.
(REUTER'S AMERICAN SERVICE.)
New York: December 28.
Dow Jones Averages High-1832/33. Low: Dec, 87. Des., 28. Change
30 Industrials
20 Rail
20 Utilities
Commodity Index
40 Bonds
106.27 56.63 37.72 89.07.
41.22 $680
13.23 39.49 18.58 21.98 65.78 83.54
48.69
40.8 1.66 up 93.06 1.08 up 8397 43 up 48.81 12 up
Asia Landa, Limited, has received the following report form their New York correspondents, E. A. Fierce & Co. No new factors are appearing and opinion seems to be growing that nothing sensationally disconcerting need be expected from the coming session of Congress. Evidently it is believed that the political situation is well under the Administration's control Steels and motors are engaging a large part of speculative attention and are likely to continue to do so.
Wheat: The market is dull and pressure is light. There is a better feeling, but trade must bros len to enable prices to advance.
Cotton: The market is quiet but steady. Sentiment appeared to be encouraged by improved trade reports and confidence of higher prices is apparently growing.
Silver: The market was steady at the opening in spite of the lower Sterling. General opinion is favourable that monetary developments. might be expected after the approaching holiday.
The regular dividend has been declared for Consolidated Gas of N. Y. Business Done: 1,480,000 shareh.
1838,
Έλαι
Dry. Low P. SH.
LAST SALE
Deci, S. Dec, 28.
106
30%
3.00 Air Reduction
$98+
1422
424
8.00 Allied Chemical & Dye
4147
974
4.00. American Can...
07
901:
42
American Smelting..
43
44
1274
9.00 American Tel. & Tel.
107
117
44
5.00 American. Tobacco "B"
081
-434
∙11
1.00 American Waterworks
1'
.18
22
281
Anaconda Copper Mining 2.00 Auburn
14
54
21
Bendix Aviation"
107
182
19
19
121
128
10 Bid 177 Bid
53 581
35137
20
103
46
47
મ
1.60 Borden Company
Canadian Pacific
J. I. Caso...
0.00 Caterpillar Co
1,41 Chase National Bank
1.00 Chrysler Motors
2.40 Consolidated Gas of N.Y,
Cartine Wright imá
"9.00 Du Pont de Nemours
3.00 Eastanau Kodak .....
Electric Auto-Lite Ca
0% & Electric Bond & Share
Electric Power and Light
0.40 General Electric
1.60 General Foods
Best No. 1 O.S. 13/15, H. K‚§. Crack N.9.14/16, E.K. 66P: Extra Extra 20/22 HK$330P. Waste N.S. Open, H.K. #53N.
891
321
Yokohama. Quotations,
Dec. 28. Spot, Yen 580. Bourse Mos., Yen 570;
16
80
401
1.00 General Motors'
348
1 Gillette Safety
24
1.20 Gold Dust
978
0.60 International Hary
26
France is affected adversely by the President's policy in its earn- de-ng-abroad. Dollar depreciation, produced by the sale of dollars for gold, persuades foreigners and even Frenchmen to buy American goods and American services in prefer- delivery,ence to French goods and French This was ultimately the cause of services. It keeps American America's lapse off gold. The same tourists away from France. It trouble is to be observed in makes more difficult the problem France. What chiefly disturbs the of living in France to the American French fisc-la the growing dislike resident who is dependent upon a of the French taxpayer for shout- dollar income. Both the tourists "dering the obligations of the and the residents find, that the French Government. A budget do- dollars yield them only 16 francs, ficit has long oppressed French as compared with around 25 francs Governments. Government credit All these have a is shaky. Obligations are maturing. & year ago, damaging effect upon the Income How can the Government pay its of the French Government: bills? The alternative is written plainly for all to see. New taxa- } Internal Difficulties... tion or a cnt in expenses minst, be Experience in the present exig authorized Or, as in war and post- ency has shown that the question war France, the Government will whether or not a country can stay bave to obtain from the Bank of on the gold standard is not neces France freshly printed money in sarily related to the condition of exchange for the promissory notes, gold reserves How tar will the This latter process is a form of public accept deflation? That is currency iniation, which is incom- as good a critelon Last fall, for patible with the ntaintenance of instance, large, sections of the the gold standard, with its rule American people began to resist for convertibility of currency into foreclosures and tax collecting gold
In sterling business was done at 1/52 for second half January and towards the close a small business was done at 145.23/32 for January Anishing with sellers at 1/6.23/32 December/January and 1/64. Feb- ruary, buyers at 1/5 December second half January and probably 1/5.25/32 February
* U.8. Dollars." Business was done at 37% for the 4th of January. The market closed with probable sellers at 37 for cash and 37.9/16 4th January, buy ers at 37.9/16 for cash and 37 4th January.
International Tal & Tel 400 Liggett & Hyers."B" 1.00 Loew's L
Montgomery Ward
2.60 National Biscuit...
100 National City Bank
13144
18 Bid 194Bid
1.90 National Dairy Products
218
0.00 Otis Blevator .....
101
61
182
1.4G Pacific Gas & Electrio
Packard Motors
12.60 Pennsylvania Railway
Radio Corpn. Bears Rósbuck ..........
1.00 Standard Branda"
·Standard” Gas
.
160 Standard Oil Co. of
Bocony Vacuum - Coryn
301.00 Targs, Corporation
CATANIA America
1,00 Union Carbide 800, Union Pacife
United Air and
* United Corporat
United States Steel Westinghouse Tucăr