12.81 1/6 3/32
21.81
15.724
HONG KONG DAILY PRESS,
FRIDAY, I
MARCH 9, 1934.
DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Sharebrokers'
MONEY AND MARKETS
Association
THURSDAY.:
Bayscallure
Bater Nominal
Burari
Ballara
Main
MARCH 8.
H.K. STOCK
LONDON EXCHANGE RATES
Banka
$1,790
$140.
Do. (London) ...|
216
Chartered Banks ....
Mercantile Bks. "A"
"C"
£13
393
€20
鼹
Ch. Fin. Corp. Ond. S.
Do.
Prof. S
Insurances
Canton Insurance....
$320
3320
Underwriters
$1.25
$1.10
Union Insuran008 .......
1560
$5574
$5:15
China Fires
3526
H.K. Firas
$176
$285
Shipping
Douglasea
$12)
Steamboate
$30
Indos (pref.)
13.3
Do. (dof.)
56/3
Shells
H.K. Banks | $1,780|| Te
MARKET
(BRITISH WIRE SERVICE)
$18
Do.
Bank of East Asia...
.N. C. & S. Barks ....
Am. O, Fin. Corp:
£361 £13 396
YESTERDAY'S OFFICIAL
QUOTATIONS
There still seems to be a lack 1. Berlin of interest in the market, which remained dull and featureless to day. There were, however, a few Instances of firmness, displayed. Buenos Aires notably in Wharves, Star Ferries Copenhagen and Electrics, the last-named hav- Geneva ing been dealt at advancing Helsingfors rates up to $781. The balance Hongkɔng sheet of this Company just issued, discloses
Mar. 8.
11
7.533
530 .S. 22:2 12.77 1/6-9/32 21.77
Mar. 7. 1.55 530 S. 223
510
510
47.58d. per Peso
361 S.O.
361 5.0.
18.159 Kroner ·
22.40"
22.40
23.221 Franca
15.88
193.23 Marks
2261
1/61
$36 Bish
Lisbon
110 Escudos
1091
$30
$35
51
3. very sound position, and has created a favourable im- pression.
Madrid Milan
25.29 Pecetas.
92.46. Lire
37 9/32 591
59 3/16
Sales
Montevideo Montreal
50.38d., per Peso
38 8.0...
..331 8.0.
4.867 Dollars
5.091
New York
4.867 Dollars
5.062
5.08
Antamoks. 74 cts.
Amtamoka.....
178 cte.
18.159 Kroner
19.90
19.90.
Star Ferries, 8961.
194.21 Franca
77 1/18
77 1/32
$40
Balatcos
54 ota.
Baguio Gold ......
184.23 Kronen
122
1221
144 cts.
840
Benguet Consolidated
341
30 cte
Do. Exploration)
28 t
28.93d. per Gold Milreis
4 8.0.
41.S.O.
130 16
Do. Goldfield
1/41
1/41
15 ots.
Big Wedge
15 ata.
131
Gold Creek..
18.159 Kronor Schillings
19.391
19.39
28
28***
83
Ipo Mining..
24.58d. per Yen
1/2 3/16:
$71
Itogons
20 9/32
1/2 3/16 207
Wharves, 8114.
3281
Kailans ***
201
$17
Langkesta (single) 8.
$17
Docks, $141.
20 7/16 103£
?!
Explorations.
8.
143
Ewo Cottons, Sh. $12.90.
$6
Shanghai Loans S.
$5.85
Realties, 86.30.
$13.80
Star Ferries, $954.
19V-
Yaumati Ferries, $25.
$6
Electrics. 8781.
or div. 113
March 8, 1931.
*
$14
$2
$2
Telegraphic Transfer... Bank Bills, on demand Bank Bille, 4 months'
sight
6
ON BATAVIA
· 3,61
ON PARIS:-
$144
Hongkong Lands, $704.
Credits, four mouth.’
181
China Lights (old), 89.60.
sight
1/3
Cements (old), '82}.
ON SHANGHAI :---
O SAIGON:--
Cements (new), $21.
110
On demand
ON MANILA:-
On demand
631
.. On demand
· រឿង
ON JAPAN:TM*
ON BANGKOK :-
On demand
1904
On demand
1238
ON INDIA:
SOVEREIGNS, Baik Buying
Telegraphic Transfer... Bank, on demand
01
Rate
1/63
BIR SILVER, per ox.
208
Sterling Parity
Amsterdam Athens Balgrade
Bombay ".....
Brussels Bucharest
19.10 Florina 375 Drachmae 78,316 Dinars ....... 20.43 Markı I. 6d. por Rupee 36 Belgas 813,588 Lei
3351
$6.80 Internations! Assoe. S.
74 ota.
Waterhcata
Mining
714.10 Raub.........
389
$2.45
Tronoh Mines ****. Venezuela Gold Fide Docks, WharTOS,
Godowns, etc. H.K. & K. Wharros Providents (old)....
Do.
(new)
H:K. & W. Dooks
S. China Motorn' A'
Do.
Shanghai Docks S.
w
$114
80 cta.
K$
מיי
$8
$146
$6,60
New EngineeringsB.]
-$351
Hongkers ******
5
Lands, Hotels, and
Buildings
38.46
H.K., Hotels
36.45
$700
HK Lands..........
$70
$24
Shanghai Lands... 9.
$14
Metropolitan Lands..
$6.30
H.E. Realties..... 58
$15
Chins Do
3137
Do. Debentures S.
111.20 Humphreys .....
$87
New Asia Hotel
Anis Realties
Do.
"A"S.
Chinese Estates.......
$140
"B".
Cotton Mill
312,90
EwOB
$119
S'hai Cottons.......
813 Zoong Singa
S.
$70
Public Utilities
378 $23
Wing On Textiles(8)| 172
$21.76 Tramwaya .....
161
In
Electrics. $78, $78). Telephones (old). $25.
Buyers
Hongkong Banks, $1,790, Union Insurances, 8562). Underwriters, 81.10.
Douglases, $357,"
Oslo
Paria ...... Prague
Rio de Janeiro
Shanghai
Stockholm
Vienna........ .....34.58
Yokohama
Silver (spot)
Silver (forward)
War Loan
Macao Electrics. $231.
Telephones (old). $24.65.
Telephones (new), $121.
Canton Ices, $2.10.
Lane. Crawfords, $4.
4
Government Loans, 7% Prem,
Sellers
ON LONDON I-
H.K. Ropes, 861.
Dairy Farms, 828.
Constructions (new), 80 cts..
THE EXCHANGE MARKET
$13.30
· 119
8134
MESSRS. ROZA BROS. REPORT
$91.85
$157 $74
$204
(now)...
$81
$77
$15.90 Poak Teams (old)...
TE
Do.
(new)...
#961
$9.60
12.10
Do.
+
Macao do.
$2
++
[ex div. | $25.10
$2%
Star Ferries
Yaumati Ferries
Chins Lights (old)...] #9.<0
Do. Rights
H.K. Electrica .......
LATITI
Sandakan Lights .... Telephones (old) ...
Do. (new) $12.70
$13.40 China Buses S.
Tractions.
Da. (pref.) .............! Industrial
Malabon Sugars ...
Caldbeck, ori) 2.)
$191 Macgregors f(pref.18.
· 514)
$21
12.10
$IN
Canton Ice $2 Cements (comb.)...!
Do
(old)...
$2.85
Da
(now)...
Ropes
$2.85 $6.20
128
Dairy Farman'
$271
$1
Der A Wings..
$4)
Amusemente...
32
80 ote
Miscellaneous
:: ཡོ་ལྷ
$101 Ch. Etainments...... $94
Constructions, (old).
Do.
Lane Crawfords...... $4.10 Mackintoshs.****** Nanyang Tobacco... $4:40
313.20] Sinceros name|
Watsons***talevent
Wm. Powella soncaster | “
424
80 sta
247
$1.00
1131
31.60
87.40 $1.10
-12
M. Greyhounds.......
3. C. Enterprises...
Y
12
United Theatres... 8.
84',
B. Ind. G. Bonda...
Oʻ%%
premi
เ
HB. Goyt, Loans... #106)
Wallace Harper......
#140 BX Wing Ou
S'ha Do,
......
$135
$130
Asia Lands Limited
Gloucester Building
Tel. 26631 (Two lines)
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 denia
John H. Ferguson & Co.
32. B. O. Shameen.
Tel. 19624.
cr
On Demand
ON SINGAPOAK:-
226 1/61
1097
37 5/16
5.091
P% 103 13/16
Closing Quotations
ON NEW YORK:-
Bank Bills, on demand 38 Credits, 60 days' sight.. nom
On demand
Bank Bills, on demand. 58
Credita, 4 months' right 620
OVERSEA COTTON MARKETS
The Anglo-Japanese
Discussions
Bilver prices dropped 3/16 yes- terday for both deliveries, the quo- tations being 20 for Ready and 20 7/16 for Forward. Silver ad- vices attributed the drop to China Speaking at the annual meeting
Master the Oldham
Cot having sold and also to, poor sup-of port. The märket was easy. ton 'Spinners' Associations Mr. New York advice reported the Fred Mills (president), who is also opening rate at 5.07 and the clos-chairman of the textile section of the British Industries Fair, said ing rate at 5.08.
that the trade position continued so be ape of the greatest perplexity. Easy during the early part of There was continued lack of employ the morning but towards lunchment and loss of capital. time the tone reacted slightly..
Market
Sterling
that the British representatives had done their utmost to bring the Japanese delegates to serious nego tiation, and the delay was by no means due to inaction on their part. He did not wish to say one word that would make it difficult to con- duct the negotiations about to open with the Japanese. He believed they tho British Committee) had the support of the Government" in the efforts that would be made, and had Eope that success would be achieved. Is the unfortunate event of failure he believe that the ground had been prepared for putting into operation defensive measures again Notwithstanding the decision inst the devastating competition of Lancashire to drop short-time work-
Japan. at 1/61 in there had been a continuous Opened with sellers buyers bidding 1/6 5/16 resulting falling away in business with corre- in business at 1/8 9/32 for near sponding losses to workers and in and 1/6 11/32 May.
the vestors alike. The loss of a large market reacted and sellers came portion of the oversea markets had out at 1/6 5/18 resulting in a created a serious problem of surplus ainal business at 1/8" 11/32 for capacity..
that was the last few days of March. The dacket closed with sellers at 1/6 5/16 cash. 1/8 11/32 last few days of March-April, buyers at 16 11/32 for cash and 1/6 April
U.S. Dollars Business was done at 38 for cash and 38 April. The market closed with sellers at 38 11/16 for near and 38 13/18 April, buyers at higher respectively..
Ten
Later
Even if there was a satisfactory conclusion to our difficulties with Japan, India, and our various col- voies and dependencies much mained to be done, and the trade would have to continue its activities in many directions. One thing could not be too frequently emphasized, and that was that the main causes. from which the trade was suffering were outside its control and not of
own creation!
How grave could be seen by an inspection of the export figures compared with pre-War unemployment records and the number of idle mils. In the absence of effective methods for imite proving the world situation that problem of surplus capacity would become intensified until we were left with little more than the home market.
WILE
"A Central Authority.
He suggested to his fellow-spinners that if some scheme could be accept-
The whole Industrial world Mr.ed that would bind them into one Milla added, was continually being bomogeneous body under a central disorganized by the imposition of authority they would be able to deal Merchants were quoted at 128 highly protective tariffs, quotas, and more adequately with their for near delivery.
They would all the other artificial restrictions particular problems.
in addition play a more important on trade until the situation "Shanghal Dollars
approaching one of complete chaos. part in moulding a general policy Were quoted at 111 for cash.
The recent visit of the President of for the whole of the trade.
The great encroachments made in Shanghal
the Board of Trade gave him an
our oversea markets made, it im- Early advices reported the mar- opportunity of learning first hand
with business not only the position in Lancashire,perative to take the most drastic ket as being easy done at 1/4 for second half but also the intensity of the feeling steps to preserve at least the home March.. Later the tone steadied aroused by the hard blows she had market. The cotton trade was up and sellers were reported at received from all quarters of the all possible as far as its means al globa Dilatoriness on the part of lowed to bring itself up to date in 1/4 7/16 April
It should be [ the Government was intolerable, and modern equipment, U.S. Dollars
Lancashire must be satisfied that remembered that where new or dif- Business was done early in the every possible step was being taken ferent machinery and methods were morning at 341 for March. Later with the expedition and urgency required this would necessitate the sellers came out at 343 April. Chi-, that the damage to our trade da provision of new capital, and the trade would have to show it would nese speculators were inclined to manded.
be in a position to make soms return on it,
Bell.
IN THE AFTERNOON
The market was steadien in the afternoon.
Sterling
In Sterling business was done at 1/8 11/32 for 11th of March and
cash also for
and towards the close 1/8 was reported for near delivery.
The market closed with sellers at 1/8 11/32 near and 1/8 3/8 April, buyers at 1/32 higher respectively.
U.S. DollarS Business was done at 38 for cash. The market closed with sellers at 387 for near and 38 15/16 April, buyers at 1/16 higher re- spectively.
Japanese Competition
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
Prea. Cleveland...Mar. 13, Midnight Pres. Coolidge Mar. 24, 10a.m. Free. Taft Apr, 10, Midnight Proa. Hoover. Apr. 21, § 1m... Proe, Pierce.........May. 9, 8 am,
To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailings
Pree. McKinley ...Mar. 16, Midnight Proa. Jackson.....Mar. 30, Midnight Pres. Jaffarson Apr. 13, Midnight Free. Grant .....Apr. 27, Midnight Pros. McKinley May 11, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA.
Direct Special through rates to Europe vis United States. connections with all Atlantic lines. Choice of rail lines soross.. United States and Canada, liberal stop-over privileges for Sight-seeing. Full particulars upon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Hanila, Straits, Colombo, Bombay, Suer Canal, Alexandria, Naples. Qonoa, Marseilles, New York and Boston,
Pres. Monroe
Pres. Van Buren.. Mar. 31, am.
Proe, Garfield
Mar. 17, 8 a.m.
Apr. 14, 8 am ......Apr. 28, 8 m.
Prez. Polk.....
Prea, Adams May 12, 8 a.m. Pres. Harrison......May 28, am, ...June 9,8 a.m..
• Prea, Hayes *** Pres. Johnson ....June 25, 8 a.m.
TO MANILA
Next Sailing....
Fros. Taft
Pres. McKinley Mar. 10, 6 p.m.
Apr. 6 pm, Pres. Jofferson ...Apr. 7,6 p.m. Pres. Hoover ...... Apr. 1, p.m. Pres. Garfield... Apr. 14, 8am. CEBU, ILOILO, ZAMBOANGA '
Pres. Coolidge.......Mar. 15, 9 p.m. Prea. Morros.........Mar. 17, 8 am. Pres. Jackson......Mar. 94. 6. pam. Pros, Van Buren... Mar. 31, 8 &
Connecting with 8.8. MAYON T
DOLLAR STEAMSHIP AMERICAN
NEW
ווי
LINES
MAIL LINE
FEDERE BUILDING-HONG KONG.
CANTON SEARCH:---4, SWAKKE ROAD,
YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
#
(INCORPORATED IN HONG KONG).
Tel. 28380-Gloucester Building, Boom 306.
(REUTER'S-AMERICAN SERVICE)
New York: March 7..
Dow Jones Averages High-1933/34. Low: Mar., 6.
30 Industrials 20 Rails
20 Utilities 40 Bonda
Commodity Index
11074
,50.16 103.64
56.94
37.73
99.45
644
23.43 48.09 19.33.. 25.54" 73.21 91.23 41:08 $180
Mar., 7. Change" 101.69 125 down 47.60 1.09 down 26.90
.61 down 91.93
.12 up
63.58 .25 down
Asia Landa, Limited, has received the following report from their New York correspondents, E. A Fierce & Co. Some real volume on the down sido appeared today, which naturally will be taken by technical observers as indicating lower prices. We think the weakness was partly due to General Johnson's statement that hours of work will be reduced by execu- tive order and at the same time wages increased to off-set this..
+
Wheat: Support was lacking and May liquidation was hanging over the markat which is technically healthier but needs constructive develop. ment to change sentiment.
Cotton: There was smali selling towards the close in sympathy with securities. The further narrowing of the differences between the near and far months was due to trade demand for pear deliveries.
Silver: After being easier at the opening, the market rallied on scattered local and foreign buying. The Trade is still awaiting remone-.. tisation possibilities.
Business Done: 1,730,000 shares,
Dry, %
American Radiator........
1.80 Borden Company
Canadian Pacific
281bid 272bid
33
LAST SALE
1935
HIGB
Low FEE. SE.
Mar, 6. Mar,.7.
.. $981
$992
112
474
2.00 Air Beduction
151
1481
тер
160
701
6.00 Allied Chemical & Dyo
102
994
1001
49
4.00 American Can
141
144
17
252
454
. 563
101
"American Smelting......
434
1842
B..
9.00 American Tel. & Tel........
1201
1191
942
604
+3
10
1.00 American Waterworks
5.00 American Tobacco "B"
721 70
202 201
ธ
228
Anaconda Copper Mining
151
141
55%
541
841
31
2.00 AuburD
221
B
Bendix Aviation
1.19
181
221
37.
18
161 161
201
71
--
103
30
J. I Caso
748. 712
30
281
alt
52
0.50 Caterpillar, Co.
401
101
1.40 Chase National Bank.
591
72
1.00 Chrysler Motors......
551
524
64%
31+
3.40 Consolidated Gas of N.I.
394
381
OWTI
1+
Curtiss Wright...
41
37
S
1092
321
2.00 Du Pont de Nemours....
99
...96
46
2.00 Eastman Kodak
884
861
.98
Electric Auto-Lite Co... 4
294
28
281
10
10
6% Electric Bond & Share ......
171
167
48
34
Electric Power and Light...
74
15
201
0.40 General Electric
213
214
301
21
1.60 General Foods ......
331
39%
418
10
1.00 General Motors
377"
365!
201
时
1. Gillette Safety ...
11
11
12
1.29 Gold Dust
C
104
191
270
134
0.80 International Harvester
421
401
46
4.00 Liggett & Myers "B"
International Tel & Tel.
-141
134
85
842
84
1.00 Loew's Inc.
'312 30%
38
E
35
311
2.80 National Biscuit
Montgomery Ward
311
30+
421
401
29 bid 28 bid
38
100
2
154 157
261
10%
17
.101
10%
It was a hopeless task to wake
191
313.
18
54
35)
49
13!
8
19
12)
481.
172
191
217
21xd
Standard Gue
121
22
921
1.00 Standard Oil Co. of New
Jersey ......
464
800
10/
1.00 Texsa Corporation and
·Trans-America
264
71
51%
10
1:00 Union Carbids & Carbon
444
441
132
8 Union Pacific
126
104
24
144
61
13.
541
681
30%
doing
The question of Japanese competi-such a showing while the trade re tion largely occupied the stage at mained a collection of large or sma!] the moment. I had become a umte each pursuing its own policy
one not only to this haphazard and sometimi anta formidable
An all-embracing to other competinggonistic lines, country but countries as well. Feeling in Lan- cohesive organization was required. abire was very strong and was capable of marshalling and directing growing in intensity with the passing its forces in the most erective man- of time. More or less violent meaner for combating the manoeuvres of eures and reprisals were advocated our competitors-an organization from many quarters. But it would with vision to plan and with energy by conceded by most people that to undertake new methods of pro- some sort of solution by agreement duction and of trading, and, above would be far the better course. To all, furnished with adequate powers this end he was cooperating with for carrying out its functions. Ca the sub-committee to Spinners would again have seriously others negotiate with the Japanese Dele to consider how such an organization gation, and he could assure them could be established
109
401
1.00 National City Bank *.
1.20 National Dairy Products...
0.80 Otis Elevator
1.40 Pacific Gas & Electric
Packard Motors
0,60 Pennsylvania Railway
Radio Corpo.
Sears Roebuck ........... Socony-Vacuum Corpn.
1.00 Standard Brands
United Air and Transport... United Corporation. United States Steel Westinghouse E. & M.
ཝཱཡཉྙཝཙཱནྡཊྚསྶ ཙཝཙུགྒཱཔྤཚཏྠ