HONG KONG DAILY PRESS, SATURDAY, MARCH 3, 1934.
MONEY AND MARKETS
[Momfua
DAILY SHARE QUOTATIONS
Hong Kong Stock
Bayora
Ballara
Exchange
Sharebrokers'
Association
FRIDAY, MARCH 2.
Ballar
Bayern
B
H.K. STOCK
11,788
2199
£10
£13)
$90
Bank of East Asia....
N. C. & S. Barka
820
Am. O. Fin. Corp:
ม
Ch. Fin. Corp. Ord, s,
Do.
Pref. 8
Tüsurances
Banks
R.K. Banks
Do. (London)
Chartered Banks ....
Mercantile Bks.
Do.
"
"A
MARKET
$1,780
TH
$1.20
$580) 2570
3283
J320 Sit
$18
£261
色は
496
Canton Insuranceë.......
$320
Underwritera
**** $1.95
3525
Union Imuranou... China Fimy
3560
*
$90 International Assce, S.
Whipping
HK Fires...............
$520 $275
41
$35
Douglases
1
Steamboats
$30
Indios (pref)
133
Do. (def.)
54/12
Shella
$11
Waterboats
Mining
#119 82.45
75 eta,
$142
536
*S19)
$30
$36
St/
$11
+
WEEKLY REPORT
With only a two-days. market constituting the entire past week wing to the races, there is not very much to be reported either in the way of changes or in the volume of business. It is satisfac tory to note, however, that since the resumption of business yester- day, the undertone has been quite good, there being ready buyers for Wharves at 8110. Trams 831.75, Star Ferries 8051. Electrics 8773, Telephones #251 and Dairy Farms 9273.
LONDON EXCHANGE RATES
On Amsterdam Athens.... Belgrade Berlin Bombay Brussela". Bucharest Buenos Aires Copenhagen Geneva Helsingfora Hongkong Lisbon Madrid Milan Of the smaller issues. there are Montevideo
Docks buyers of
3141. Hotels Montreal
Realties New York $6.40.
Hong Kong $6.30, and also a reviving Interest Onio In Cements. ·
L
Generally speaking, the, under- tone of the whole market may be said to be steady.
BUSINESS DONE DURING THE WEEK.
Hongkong Banks, 81820, $1825
cum. Div....
Hongkong Banks, $1785, 91790 ex.
Div.
Canton Insurances, $320. China Underwriters, $1.30 $14. China Providents (Old). $2.80
$2.55.
China Providents (New), 85 cts.
Lands, $71. '.
Telephones (New), 812.80.
Raubs, $14.
BRITISH WIRELESS SERVICE)
Sterling Parity
110 Florins ... 378 Drachmas 276,316 inars 20.43 Marka 18. 6d. per Rupee
Feb. 28, 7.54
530 S. 225 12.791
Mar. 1. 7.561 530:8.
1/6 3/33
35 Helgas 813,568 Lei 47.56d. per Peso 18.159 Kroner 25.22) Francs
21.33
225 1281 1/6'3/32. 21.81
510
510
36+ S.O.
22.40
15.743
36 8.0.
22.40
15.691
193. Marks
110 Escudos 23.92) Pesatas
2261 1/6.5/18 1093
220)
38 S. O.
5.11
5. 073
1/6 3:8
1091
37 11/32
37 13/32
**** 92.45 Lire 30.880. per Peso
58 9/18
59 1/8
384 5.0.
4.867 Dollars
5.092
4.307 Dollars,
5.061
18.139 Kroner
19.90
19.90
Paris
121.21 Franca
77 1/32
77 9/32
Prague ............. Rio de Janeiro
164.25 Kronen 29.93d. per Gold
1231
1221
4 8.0.
1744
41 9.0. 1/4*
19.391.
19.391 281
Shanghai Stockholm Viegas Yokohama ........
Silver (spot) Silver (forward) War Loan
ON LONDON ***
Milreis
18.159 Kronor 34.58 Schillinga 24.56d. per 'Yes
ני
283
1/2 3/33
1/2 3/16
30 '11/16 201
20 9/16
Pl%%
102 15/18
20 9/16 102.15 16.
Closing Quotations
ON NEW YORK: --
March 2, 1934..
Tramways, 821.80.
31101
Electrics, $77). 8773.
...$2,55
185 obs.
Telephones (Old) 8231.
$14
Dairy Farms, 8273.
Telegraphic Transfer... Bank Billa, on demand Bank Bills, 4 months'
sight
Bank Bills, on demand 78! Credits, 80 days' sight.. num
ON BATAYIA
On demand
17
1/81
ON PARIS
$#
Credits, foar months'
$140
CHANGES (3.15 p.m.) CLOSING
sight
1/7
1
Bank Bille, on demand 38 i Credits, 4 months' night 52:)
ON SHANGHAI; –
ION. SAIGON':--
:
$81
QUOTATIONS
On Demand
NO
Ou demand
5* *
Buyers
ON SINGAPORE —
髟
ON MANILA
Star Ferries, 8854.
On demand.
847
On demand
761
ON JAPAN:→→
ON BANGKOK ¦----.
Sales
On demand
127)
Cu demand
12:1
Hongkong Banks, $1785/1790. Lands, 871
ON INDIA --
SOVERKIGES, Bank Buying
Telegraphic Transfer....
Rate.....
"1/69
Bank, on demand
2014
$145
16.00
$331
Explorations...kr. &.
36 Venezuela Gold Fida
Docks, WharvOS,
Godowns,..ste. H.K.K. Wharves.
Providents (old)
Do.
(new)...
II.K. & W. Docks
S. Chias Motors* Â1
Du.
Shanghai Docks. S.
New Engineerings8.
Hongkow ... th
Buildings
[30
2 otr.
SANA
Amtamoka
Baintcos
54 ata. Baguio Gold
Benguet Consolidated
Do. Exploration
Do.
Goldfield
20 ela.
Big Wedge
52 cta. $381
16 cts:16 of.
ki
Gold Creek
#7
Ipo Mining..
07
gal
Logo.....
17
Langkets (sin gle) 8.
16
Shanghai LoanS
14
$13.80
Tronoh Mine...
19/
Lands, Hotsis, and
$6.40
H.K. Hotela
$6.35
H.K Tanda......
$26
Stanghe Lärde...S.
214
Metropolitan Lands..
$6.30
H.K. Realties..... 16
3152
China Do
3137
Do. Debentures.
11.20 Humphreys
$11
New Aria Hotel
$140
Asia Realties "A" S.
$20
$87
Do.
"B" S
Chinese Estates.....
Gotton Mill
$13.15
Ewos
$12:0
$119
B Cottona......S.
119
813
Zooug Sings
S
$131
$70
Wing On Tartiles(8.)} $71
Public Utiliting «
$21.70
$314
821 80
$73
595 8241
124
Star Furries
$1490 Poak Trame (old) ... Da
Yaumati Ferrine... $25
(new)...
$15 371 330
$9,80
$0.1
Chinn Lights (old)... #9.80
Do.
(new).
$0.35
Do.. Rights
H.K. Electrics .....
1771
--$231
Macao do.
12
#25)
Sandakan Lights .... Telephonics (old)
$12.20
BI-
825,70) (new) }$12.60
$13.40 China Busey..... Tractivas
Dio. (pref.)
8.
Industrials
$142
Malabon Sugars
31A
$21
Cald bock. Yord.)
*
$10
Macgregore (pref.)S.
32
Canton Ice $2
Cement (comb.)...
42 65 $2.85
Do.
(old)...
Do
Roper
$2,85 $2.65 $6,20
2271
3273
$1"
Miscellaneous
Dairy Farrus canımın
Amusemente *******
$97,60
Der A Wings...........i
12
$5
$101
Ch. Etainments... 301
$
$2
Constructions, (old)
$1.80
174
call på 80 atv.
#21
Lane Crawforde..
Mackintoaha..................
$13.20 Binceros............................
Do. (new) 80 ots 3415
Nanyang Tobacco... | $4,40.
513t
Watsont
27,40
$1.60
Wm. Powells.....
$1:10
32
M. Greyhounds....
$14
S. C. Enterprises
$%
United Theatres....
$12,
B. Ind. G. Bonds... EL
prem
H.K. Gort, Loans... $106)
$8
Wallace Harper...
$140
B.K. Wing On
S'hai
jja..
TH
$135
$130
PRESIDENT
13
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
To SAN FRANCISCO,18 Days via Shanghai, Eobe, Yokohama, Honolula
To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailing Pres. Cleveland...Mar. 13, Midnight Pros. Coolidge ...Mar. 24, 10 m. Pres, Talt......Apr. 10, Midnight Pres. Rooter ........åpr. 41, 8 am, Pres. Pierce... „May. 8, 8 mm. tit..
Fortnightly sailings Pros. McKinley ...Mar. 16, Midnight Pres. Jackson....Mar. 30, Midnight Pres, Jefferson Apr. 13, Midnight Prea, Grant. .....Apr. 27, Midnigba
ROUND TRIP FARES TO EUROPE. & AMERICA, Special through ratsa to Europa via United States. Direct connections with all Atlantie lines. Choirs of rail lines across United States and Canada, liberal stop-over privileges for Sight-seeing. Full partionlara upon application.
| Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays vis Manila, Straits, Colombo, Bombay,. Suer Chal, Alexandria, Naples, Ganon, Marseilles, New York and Boston,
Pres. Johnson ...... Mar. 3, 8 a.m. Pres Monroe ... Mar. 17, 8.m. Pres. Van Buren ...Mar. 31,8 a.m. Pros, Garfield ............måpr. 14, 8 am,
TO
Prez. Polk..... Apr. 28, 8, Pres. Adams May 12, 8 s.m. Pres. Harrison....May 26, am, June 9, 8 a.m. Pree. Hayes 2
MANILA
Next Sailing...... Pres. Johnson Mar. 3, 8 a.m. Pres. Obreland ...Mar. 6, p.m. Pren McKinley ...Mar. 10, 6 p.m. Pres. Coolidge.......Mar. 15, 9 p.m. Pres. Moarce.........Mar. 17, 8 8.5.
Pret, Jackson.........Mar. 94, 6 p.m. Pro. Van Buren... Mar 31, 8 km. Prea, Taft
Apr. 3, 6p.m. Prea. JaffereOS Apr. 7, 6 p.m.
Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA
DOLLAR
STEAMSHIP LINES MAIL LINE
AMERICAN
FIBBIR BUILDING-HONG KONG.
CANTON BRANUR:—–4, SHAKER ROAD,
Asia Lands Limited
Gloucester Building
Tel. 26631 (Two lines)
We offer
a complete brokerage you 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 Prés
Cantor Agente
John H. Ferguson & Co.
32, R.
Shameer
Y
Tel. 18624
Telephones (New), 812.89.
THE EXCHANGE MARKET
MESSRS. ROZA BROS. REPORT
Silver prices were lower yester- day to the extent offer Ready and 3/16 for Forward: the quota tions being 20 9/16 for both de- Liveries. Silver advices reported Ching of having sold. Poor sup- port. The market was qulet. In America the rate was unchanged at 48 for Spot. The market was steady...
New York advices reported "the opening rate at 5,07 and the clos- ing rate at 5.077, Steady.
Market Steady but dull,
ENGINEERS' ECONOMIC
STUDY GROUP
Engineers and scientific men examining, as they have been bound to do, the econodile conditions un- der which the world has been suf fering during the past few years and viewing, in the critical spirit engendered by the effect of those conditions on their own well-being, the position of trade and commerce generally, have not unnaturally been led to wonder whether a solution could not be achieved by attacking the problem along lines with, which they themselves are familiar. This attitude has per- hups been strengthened by the suggestion that technical progress along present lines may have been a contributory cause to the disor-. ganisation, and that as they are in measure responsible for that progress it is their duty to tackle the conditions which they have treated. Further it is evident that the basic causes of the trouble have" not yet been isolated from subsid- iary antl associated effects and the application of arientific methods to economie and social problems has been sadly lacking. It is these facts, we are interested to learn, which have stimulated a group of mechanical, electrical, civil chemical engineers to meet and ex- change views, collect data and Merchants were quoted at 1283 investigate the problem. This for near delivery.
P Sterling
"A couple of transactions were arranged during the course of the morning at 1/6 15/23 for near delivery. The market closed with sellers at 1/8 7/16 March and 1/8 15/32 April, buyers probably at 1/6 15/32 for near and 1/63 April.
U.S. Dollars"
Business was reported u 39 for near delivery. There were sellers at 30 March' and 391. April, buyers at 1/16 higher respectively.
Yen
D
"
Shanghai Dollars Were quoted at 111 for 'cash. Shanghai
•
Steady. Sellers were indicated at 1/44 for near, buyers út 1/4]. U.S. Dollars Sellers at 35, buyers at 351 for near delivery.
IN THE AFTERNOON
Sterling
and
group is now meeting every alter Late Tuesday, at 6.30 p.m., at the Guildhouse, Berwick-street. Lon- don, S.W.1, and will welcome the assistance of technical and scienti fic workers in Investigating this rital problem of widespread pover- ty and distress in the midst of plenty. It is hoped eventually to issue a memorandum setting forth
The market was stead? In the the conclusion reached, together "afternoon.
with practical recommendations for meeting the situation. We shall await this document with interest. The Honorary Secretary of the group is Mr. P. Johnson, M.I. House, Gammersbury
In Sterling business was done at 1/8 for March 1/6 17/32 April and 1/69/16 May, finishing with sellers at 1/8 15/32 March, 1/64 Mech.E., April and 1/8 9/18 May, buyers Hounslow, Middlesex.-Engineer- at 1/6 March, 1/6 17/32 April and ing. 176 19/32 May.
US. Dollars
The market closed with pro- bable "sellers at 39-1/16 March; buyers at 381.
Shanghai Shares
LATEST QUOTATIONS / Messrs. Carroli Brom, have just received the following cabled quotations:-
Canton Silk Market
From Kwangtung Raw Silk Test- ing Bureau Department of Re- construction Canton, China,
Canton Quotations.
February 28. Extra O.8. 13/15 H.K. $530N. Small Extra 08. 13/15 HK
$450N, Crack N.S. 14/16:ÆK. $350. Extra Extra 20/22-HK. $330P. 351.00 Waste N.B. Open, H.K, 865N.'
International Assurances $":6.20 Shanghai, Lands ............
24.25 144.00 Shanghai Docks... ...............
Yokohama Quotations
Shanghai Wharves
Shanghai Trams
48.25
Ewo Cottons
13.00
'Shanghai Cottons
119,00
Langkats. Single
17.00
Shanghai Explorations ...
4.75
Spot.
Shanghai Loans
5.85
Bourse six months.
March 1.
Yen 605. Yen 664
BAR SILVER, per oz.
Unemployment In
Europe
more
In a note on its periodical re- turns relating to employment, and unemployment, the weekly organ of the International Labour Office at Geneva says that for the third consecutive quarter it is possible to observe an improvement in the situation; the improvement is, moreover, on the whole, marked than it was three months ago. A comparison of the present situatice with that of a year ago, which eliminates seasonal move- ments, indicates that there bas been a diminution of recorded unemployment in Australia, Bel- gium, Canada, Chile, Danzig, Denmark, Estonia, Finland, Ger- many, Hungary, the Irish Free State, Italy, Japan, Latvia, Neth erlands, Portugal, Roumanía, Saar Territory, the United Kingdom, the United States and Yugoslavia. In most cases the diminution has "been considerable but in some cases, such as the Netherlands and Yugoslavia, it is amali. In a number of countries for which an index of employment is available, it confirmy the improvement shown by the figures of unemployment, In the United States, for instance, the increased employment is very markgl. The index of employment has also risen in Great Britain, Canada, Japan, and Italy. On the other hand, unemployment has increased in Bulgaria, Czechoslo vakia, Norway. New Zealand, Palestine and Poland.
ایی
In Austria, Sweden and Swit- zerland there are two series of statistics of unemployment which give contradictory indications.
NEW YORK STOCK EXCHANGE
יוני
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG).
Tel.. 1830-Gloucester Building, Room 306.
(ABUTER'S AMERICAN BÉRVICE)
New York: March 1 Dow Jones Average
30 Industrials 20 Railr
20 Utilities 40 Bonds
Commodity Index"
High-1933/34. Low: Feb 28.
Mar., 1.
Change
110.74
50.16 103.40
103.18
.28 down
56.94..
25.43 47.80
$7.57
23 down
Y
37.73
19.33 28.46
10.39
13 down
92.45
2
73.21.91.81
$1.59 - 1.68 down
60.44
41.98 63.48
63.44
..02 down
Agia Landa, Limited, has received the following report from their New York correspondents. E. A. Pierce & Co. It is impossible to, tell whether dullness and minor irregularity will take the place of the sharp decline in volume. The market remained inconclusive, with no plain indications of what to expect in the immediate future.
Wheat: Duil and easier in sympathy with stocks. Private crops re- ports show little improvement but the estimates of farm reserves are bullish.
Cotton: The market was a comparatively narrow affair, with interest moderate. The resistance to selling appears to be encouraging more con- fidence in the prevailing price levels on the part of the Trade and specula- tive interest.
:}
Silver: The weakness was probably due to Secretary of Treasury. Morgenthau's request before the House banking and currency sub com mittee that there be no monetary legislation this session. Business Done; 1,240,000 shares,
$09
ין
American Radiator.
2.00 Auburn ... ......
Bendix Aviation
1.60 "Borden Company
Canadian Pacific
112
160
1932 Drv. Hiou Low PER SH..
47)
703
Last Sala
Feb., 28. Mar, 1.
41
$972 $08
3.00 Air Reduction
1501
150)
8.00 Allied Chemical & Dye ....
102
101
108
49
4.00 American Can
143
141
17
10
443 444
661
101
American Smelting.........
1341
041
602
9.00 American Tel. & Tel. 5.00 American Tobacco B
1201
1201
731
1.00 American Waterworks
211
·43)
221
Aasconds Copper Mining ....
147
» $2
51%
84
31
181 19
237
221
227
18
37%
15+
151
20%
731 734
103)
30
J. I Case
31A
De
0.30 Caterpillar Co.
-284
281
152
14 Chase National Bank
28 bid 284bid
40
472
1.00 Chrysler Motors'é
851xd 543
841
al
3.40 Consolidated Gas of NY. ...
391
30+
4
4
1
Curtiss Wright...
981
991.
1031
32+
2.00 Du Pont de Nemours
DO
46
3.00 Eastman Kodak .....
28
10
Electric Auto Lite Co.
22
294
10
Electric Bond & Share
161
171
48
at
Electric Power and Light.
107
10
0.40 General Electric
201
20
301
21
1.60 General Foods
33
339:
10
1.00 General Motors
381
304
410
8+
100 Gillette Baletyn,
11
201
12.
1.20 Gold Dust
101
191
278
heen
134
0.60 International Harvester'
407
41.
46
International Tel. & Tel.
137
211
4.00 Liggett & Myers
"B"
85..
85..
98
1.00 Loews Ineq
30
311
Montgomery Ward
302
30
261
31
20 National Biscuit 4.
40
BOR
100 National City Bank
za bid 29 'bid
384
104
1.80 National Dairy Products
147
15%
101
0.00 Otia Elevator .....
167
101...
2n
314
IB
1,40 Pacific Gas & Electrio
197
19€
Packard Motors
5+
132
ec Pennsylvania Railway
341
33+
3
Radio Corpn.
74 J
Sears Roebuck ... la
451
-Booony Vacuum Corpn.
164
161
134
37
1.00 Standard Brands Standard Ga
211
124
22
1.00 Standard Oil Co. of New
Jersey
401
301
105
1.00 Texas Corporation
281
20xd
91
28
Trans-America
-7.
07
511
1.00 Union Carbide & Carbon
444
133
800 Union Pacific .....
124xd 1251
1872
241
241
34
3容量:
Similarly, in France the employ- ment indices show a different ten dency from that shown by the un-. employment. figures. If the figures be compared not with those of a year previously but with those of three months previously, any chan- gea noted may be due partly to increased seasonal causes ; some unemployment might have anticipated at any rate in the Northern Hemisphere. In fact, however, there has been a decrease in most countries, including some of those in which unemployment has increased as compared with the previous year. This is the case in Czechoslovakia, New Zealand, Palestine and Poland.
GOLD SHIPMENT
TO US.
£500,000 Worth By
"Beringaria?
London, Feb. 23. The Cunard liner "Beringària" with gold valyod at. £3,000,000 on board left Southampton: for New York to-day. She will pick up a further consignment worth £1,- 500,000 at Cherbourg.--British Wireless
1 - 5 ⠀ ⠀ ⠀ 8 = $ 6 - 8 8 9 SASAERG SAGRIEST
United Air"and Transport United Corporation ........ United States Steel
Westinghopise E. 8-37