Sharebrokers'
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
$1,840 1,825/1,897
2132
215
THURSDAY, JANUARY 4.
Banks
H.K. Banks......
Association
Do. (London) - Chartered Banks!
Mercantile Bks. "A"
Da.
Bayers
Bol Sinema)
9281
3101
Rank of East Asia.....
N. C. &B. Barks
$20
Am. O, Fin. Corp: 8.
Ch. Fin. Corp. Ord.
Do Pref. S
Insurancan
!!!!!!!!!!
#95
£13
3031
$7
HONG KONG DAILY PRESS, FRIDAY, JANUARY 5, 1934.
MONEY AND MARKETS
YESTERDAY'S" "OFFICIAL
25.40
1/61/16 23.37
99.40
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
TO SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days
vla Shanghai, Kobe,
via Shanghai, Kobe. Yokohama Yokohama. Honolulu
Fortnightly sailinge
Pres. Wilson ....Jan. 18, Midnight Pres. Coolidge Jan. 26, Midnight
Feb. 13, Midnight Feb, 23, Midnight Pres. Cleveland Mar. 13, Midnight
Pres. Lincoln
Pros: Hoover
Fortnightly silings
Fres. Grant Jan. 5, Midnight Pres. Cleveland Jan. 19, Midnight Pres. Jackson. Feb. 2, Midnight Pres. Jefferson...Feb. 16, Midnigh Pres. Grant Mar. 2, Midnight
ROUND TRIP FARES TO EUROPE & AMERIQA,
Direct Special through rates to Europe via United States. connections with all Atlantic lines.
Buyers Belburn Sao Tome
$1,890
H. K. STOCK MARKET
LONDON EXCHANGE RATES
(BRITISH WIRELESS SEEVICK.)
Sterling Parity
Jan. 2
QUOTATIONS
Amsterdam Athens Belgrade Berlin ......
19.10 Florina
8.10
Jan. 9.09
375 Drachmae 276,316 Dinars
582)
.5821
240
940
90.49 Marks
13.69
13.69
23.42
$310
Canton Insurance....... | $310
... 613,688 Li
660
345
$1.05
Underwriters' O
Union Insurances...
3550
1668 3568
1575
China Firos
#13
1520
3965
E.K. Fires
47.58d. per Pend 18.189 Kraner ... 25.29) Franca 193.23 Mark,
357 S.0.
38 S.O.
18.69
god
$285
$81
International Asso, S.
1/5
100%
shipping
109%
Douglase
Steamboats
instan
315
25.221 Peostas ******** 92.46 Lire
39 19/32
30 13/32
B17
81 33/38.
$30
Indos (pret.)
..........
$30
50,88d. per Pend
35 5.0.
35% 8.0.
135
Do. (def.)...
$35
4.867 Dollars
5.15
59,8
Shells
Hongkong Trams, $214/21.55.
New York
4.967 DollarS
3.16
$16
Waterboata
Electrics, $738.
Oslo
18.15 Kroner
19,90
19.90
Mining
Telephones (Old), $28.
Paris
83 ete.
Amtamoks
177 cis.
$34
Balatoos
Telephones (New), 813. Dairy Farms, $283.-
•Prague....
... 124.21 Franes 184. Kronen
82.31/32
89 93/32
109)
109
50 ots.
Baguio Golt.......
45 ata 238
* 9.0.
Pres. Polk Pros, Adams
132 cts.
28 sts.
$665
***
$160
334
117
$3.70 $2.75 29.70
Sp
136 Benguet Consolidated
30 at
19
Do. Exploration
Do. Goldfield
ats. Big Wedge........
the market made a Generally. good showing to day, and rates were advanced for Wharves, Hong- kong Trams, China Lights. Elec- trics and Dairy Farms. transac- tions being effected on the basis of the higher levels.
Hongkong Banks, $1825/1827). HK Fire Insurances, $285. " Providents (Old), $2.70. Hongkong. Lands, R70).
35 Belgaa
Bombay .. ks. 6d. par Rupes Brussels Bucharest Buenos Aires Copenhagen Geneva Helsingfors Hongkang Lisbon Madrid
Milan
Montevideo Montreal
Sales.
Buyers.
Canton Insurances. $310.
- Union Insurances, 8567).
H.K. Fire Insurances, $265. Douglases, 334.
Gold Creek...
Ipo
Mining........
$71
Itogons...“
24/6
Kailana
23/
Benguet Explorations, 31 cts.
Langkata (single) 5
$1760
Wharves, $118.
16 65
Shanghai Loans
Exploration.................
$4.45
Providenta (Old), $2.70.
$6.50
Ewo Cottons, Sh. $12. 80.
$12.8
Raub........................
$19,66
Hotels, 66.40.
Tronoh Minos
Hongkong Lands, $714.
$1.35
*:
器
$1
$18
18
Do.
$2.70
(new) ***)
170 ct.
"B"
18.40
171
$6.20
141
$703
Veneruela Gold Fide Dock, WharrON, -
Godowna, ata.
H.K. & K. Wharrer.
Providentz (old)
H.K. & W. Docks....
6. China Motors' A'
Do.
$149 Shanghai Docks S.
#351
$50
New Engineerinxa8.
Hongkews
Landa, Hotels, and
Buildings.
H.K. Hotels
H.K fanda.....
Shanghai Lands...8.
Metropolitan Lands
38.30
$12.60!
$7
***
nepa
19/-
•
• Realties, $51.
Hongkong Trams, $211.-
China Lights (Old), 89.90. China Lights (New), 49.70. Electrics, $734.
Dairy Farms, $281... Watsons, $82.
Constructions (New), 50 cts. Govt. Loans, 5 per cent. Prem.
Sellers.
Hongkong Banks, 61840. Underwriters, $1.55. Providents (Old), $27. Humphreys, $11.85.
Dairy arms, $29.
10 THE EXCHANGE
MARKET
70
$14
H.K. Koalties......... $6.10
$15
China Do
$137
Do. DebenturesS.
$11.00
Humphreys
New Asia Hotel
3140
Asia Realties "AS
$20 307
Do,
"B" S.
Chinese Exlates....
$128
-117
813+
$70
$21 301
Ready Suver
115
yesterday but the
LAI
$74
310)
S.
Cotton 101la
3117 Bhai Cottons......S
8131 Zoong Singa
570
Wing On Textiles(S.)
Public Utiliting -
Tramways
Pak Tenina (old)
Do.. (new).
Star Ferries
Yaumati Ferrio 19.80
Chins Lights (old)...
Do
HK. Electrics.....
so do," Sandakan Lighte
Telephones (old)
#71
$23)
$21.40
SELT
1151
$100
1242
19.84
***
(new)...]
18.70
***..
$9.80 173
$731
123)
$104
[394]
313į
8118
Do (new) China Bussa...........B.)
3/
Traction
18/...
Do
(pref.)
Industriais
321
Malabon Sugars ... Caldbeck, Yord.).
$19) Macgregors (prof.)8.
521
Canton Icesa Coments (comb...
Do. (old)... Do. (new)...
Bopes
Miscellaneous
Dairy Farmaranas
Der A Wings..
Amuacrmente ..............
$281
$1
$10
Ch. F'tainments......
**
Constructions, (old)
$6.40
Lane Crawforda.................
Do. (now) 50 ote
#91 Mackintoakse
Nanyang Tobacco... $31
$13.20 BincSZEF .............
Watsons de
H. C. Enterprises...
$75
$2.45
32.40
細囊
H
320.10
$9
$4.45
513
$2.10 Wm. Powells
311
THE
38
M. Greyhounds
ферния
$1}
35
United Theatres..:8.]
81.
B. Ind. G. Bonda... 78.
ру
ILK. Govt. Loam... $15
Wallace Harper
$149 King On
3140
***
Eba! Do
$340
Asia Lands Limited
Gloucester Building Tel. 28380 We offer you a complete brokerage service for the purchase or sale of New York Securities Daily quotatious sent-gratis-upon request. See our investment news on the Financial Page of. The Hongkong Daily Pr
Camton Agents
John H. Ferguson & Co.
32, B. C. Shameen.
Tel 18824
MESSRS. ROZA BROS. REPORT
....110 Escudos
Rio de Janeiro...26.93d. par Gold
Shanghai
Stockholm
Vienns
Yokohama
Silver (spot)
War Loan
Silver (forward)
ON LONDON:
Milreis
18,150 Kranor
34.68) Schillings 24.50d. par Yen
Holiday
19.39
... 483:
172 15/32 19 5/10
7% 1011
Closing Quotations
January 4, 1974.
ON NEW YORK-
16.76
298
3.14.
3.144
40. Holiday. 19.30 201 1/9 16/39 19.5/18- 101
Bank Bills, on demand
Credits, en days' sight.. nom ON BATAVIA:—
On demand???
ON PAR18-
Bank Bills, on demand 600
Credita, 4 months' sight 640
Telegraphic Transfer... Bank Bills, on demand Bank Bille, monthi'
right
5
Credits, four 'months'
sight
1/6
ON SHANGHAI ¦---
ON SAIGON.
On Demand"..
110
Ou demand
ON SINGAPORE :----
ON MANILA:
On demand
611
On demand
ON JAPAN:-
ON BANGEUK :----
On demand
11:
On demand
1281
ON. INDIA:-
SOVEREIGNS, Bank. Buying
Telegraphic Transfer...
1/6
Bank, on demand
| Bix"Smvm, per or,
19 6/16
DORMAN LONG
COMPANY
Proposed Short Moratorium
was unchanged
London, December 12. Forward rate The directors of Dorman Long
-Rate
THE BANKING SYSTEM
Lord Plender. On Changes
Lerd Plender, who, at the Oxford
dropped 1/16, the quotations be- and Co. announce that in order ing 19 5/16 for both deliveries. to secure time for a full discus-Lunghe Club described some of Silver advices reported China as sion of the position with repre-his impressions during half a cen- having bought. Speculators operat-sentatives of the holders of the tury in business in the City of Lon- First doa, referred to the great changes Continent Five-and-a-Half per cent. ed both ways. The
that have occurred in the banking Redeemable Debenture The market was easy with Mortgage sold.
system of this country within the determined to America being inclined to sell In stock they have
last 10 years. America the rate was lower at ask the Five-and-a-Half per cent.
Among the most important de- 44 for Spot. The market was Debenture stockholders for a 20-velopments, he said, had been those ratorium until March 31 next. easy.
in the Bank of England itself. New York advices reported, the land for this purpose have ob- opening rate at 5:15 and the clas-tained an Order of the Court au-Through the force of events it had
come forward to exercise a ing rate at 5.124. The lowest rate thorizing them
structive and directive power over done was 5.117. The tone was un-meeting of such stockholders to industrial and financial activity. be held in London on Tuesday The organization of a large and active foreign exchange department As a matter of precaution the necessitated by the departure from holders of the Four per Cent the gold standard and the creation First Mortgage Perpetual Debens of the Exchange Equalization Fund ture stock are being asked to con- had added a new and most import-
certain.
Market.
Steady.
Sterling.
The market opened with seller
next.
cur
to
convene
coa
In the arrangement condant function to the former duties
at 1/5 11/16 but sellers soon cametlanally upon the interest on their of the central hank... This was a out at 1/5 resulting in business
at 1/8 25/32 for near delivery and 1/5 13/16 February. The market closed at lunch time with sellers at 1/52 January, 1/5 25/32 Febr- 27/32 and probably 1/5 nary March, buyers at 1/32 higher re- spectively.
U.S."Dollars,
Choice of rail lines serpek United States and Canada, liberal top-over privileges for Sightseeing. Full particular upon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, denos, Marsellen, New York and Boston,
Pros. Harrison
Jan. 6, 8.m. Jan. 20, 8 a.b. ....Fab.. 3, 8 a.771.
TO
Next Salling.....
Pres. Hayes Pres Johnson Р. Мартов
MANILA
Pres. Wilson Jan. 9,0 pm. Pres, Cleveland.....Jan. 18, 8p. Pres. Coolidge... Jan. 18,9 pm,
„„Feb. 17, & am... „Mar." 8, KaE.. Mar. 17, 8 am
Pres. Polk Jan. 6, 8 a.m.
Jan. 10,8 m. Free Adams. Fres. Jackson Jan. 27, 6 p.m. Pres. Harrison... Feb 9,8 m.
Connecting with 8.8. MAYON TO CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES
AMERICAN
MAIL LINE!
PKODER SUILDING-HONG KONG.
CANTON BRANCH ——¿, STÁTNE ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG),
Tel. 28380-Gloucester Building, Room 306.
(REUTER'S AMERICAN SERVICE)
New York: January 3,
Dow Jones Averages High-1933/34. Low: Jan., 2. Jan., 3. Chiango
30 Industrials
20 Bails
90 Utilitie
440 Bonds"
Commodity Index
108.97
5:16 100.36
56.63
26.42-40.97
37.73
19.33 23.18."
89.07
'73:21 84.68
80.44
41.98 49.90
2499.00 1,97 down 43 down
·40.84. 22.08 down
81071 up.
74 7153 down
Asia Lands, Limited, har received the following report form their New: York correspondents, E. A. Pierce & Co. We do dut effink walling today is of any importance or that fundamentals have in any way changed.
Wheat The President's speech disappointed early buyers, who were expecting something constructive about money. There was some relief in the South-West, but more is still needed an
Catton: New high levels were made in the early part of the session due to continned buying both foreign and domestic trade. The reversal of the trend later was due almost entirely to the liquidating of sales.
Silver: Less favourable press reports from Washington concerning cutlook regarding silver legislation brought a little more scattered selling Banks were moderate sellers, while buying is credited to European and Asiatic interests. We arpeat Nittle, if any, obstruction to the Presidential Programme. The President's message indicated that stabilisation of the Dollar was not yet in sight and recommended legislation aimed at tar evaders and unscrupulous spéculation. The Governor of New York reiter- ates his stand for stricter utility control. Business Done: 1,280,000 shares.
HIGH
1935
Low PIL FI
3.00 Air Reduction
8.00. Allied Chemical & Dye
4.00 Américan Cats
American Smelting...
LAST SALU
409
Jan Jan.,
$901
$062
· 201
149
147
1422
271
07
stock being duly paid in meantime,
the reflection of the increased coopera-
1372
pany's bankers moratorium period.
to
tion among central bankers which Satisfactory arrangements have had been an outstanding feature of also been made with the com-recent years, and had contributed cover the to the foundation of the Bank for International Settlements, although
$42
43+
0.00 American Tel & Tel. 6.00 American Tobacca "B 1.00 American Waterworks ....
110
100
601
.18
Anaconda Copper Mining
141
54
1514
2.00 Aubero
171
201
204
"43+
187
103)
0.50 Caterpillar Co.
47
14 Chase National Bank
10) Bid.
As a result of these actions on many critics agreed that this coo- the part of the board. the direc-peration had not gone nearly far tors are glad to announce that. enough.
The increased importance of the with the concurrence of the ap Business was done early in the picant stockholders who have in international aspect, together with morning at 377 for near delivery-timated their desire to support an increased general interest in. desire to The market closed at lunch time the moratorium. both the pending economic affairs and a with sellers at 37 11/16 January applications for the appointment measure policies by results, had and 38 February, buyers; at 37
of a receiver have been disissed, been reflected in the organization 13/16 for near; and 381 February.
The directors Anally desire to of statistical department for the make it quite clear that the pro- collection and publication of econ posed moratorium arrangements, omic data in which Great Britain in no way affect the rights of the had fallen far behind the standards of other countries, particularly the trade creditors of the company:
In the actual The South Durham Steel and United States. Iron Company informed a Press government of the Bark the most representative last evening that interesting development had been Were quoted at 110 5/16 for in view of the announcement of the emergence of the Governor an near delivery.
a moratorium for Dorman Long definite personality with a continue.. and Co. the position in connection ous term of office in centraat with with the scheme, of amalgamation the position of former holders as was entirely changed. A dfree short-berm officers whose duties were at 1/4 1/18, buyers at 1/4 Jan- tors meeting of the South Dur-circumscribed by tradition,
Yen.
Merchants were quoted at 122 for near delivery.
Shanghai Dollars,
Shanghai,
Steady. Sellers were indicated.
uary.
IN THE AFTERNOON.
The market was a shade easy in the afternoon.
Sterling
In Sterling business was done at 1/53 for near delivery; finishing with sellers at 1/5 23/32 January, 1/52 February and, 1/5.. 13/16 March, buyers at 1/51 for near, 1/5 13/10 February and 1/5 27/32
ham Company had been called for Tuesday next, following which a communication would be to their shareholders.
IMPERIAL AIRWAYS
serit
With the development of the Bank as a guiding power in economic affairs the Treasury had taken a hand in cooperation with the Bank 58 & directing foree in financial activity. The recent adoption of control over capital issues was symptomatic of this tendency. While admitting that the decline of Lon- don as a centre of foreign borrow- The receipts of Imperial Air-
ing and the corresponding rise of & disturbing ways for the first half of the cur New York had been rent financial year were £60.416 feature since the War, New York more than in the corresponding had met with little success in her period last year: The receipts in efforts to capture from London the the month of September amount bariness of discounting, not accep US. Dollari..
sd to £114,346 an increase 01 | Lance, Business was done at 38 for £15,279. The distance, down was February delivery, The market 201,584 miles, an increase of 24- closed with sellers at 37 11/16 197, milas, and the ton miles flown January and 37 15/18 February, were 281,204 or 144,551 more thair 307-521 These buyers at 371 for neat and 36 in September, 1932. The Increase include revenue from the Calcutta February
ton-miles for the half-year was extension.
March
•gures
do not
-85%
168.
324
48
108
275
91
B
312
20
Bendix Ariation
100 Borden Company
Canadian Pacido.
J.-I Care
1.00 Chrysler Motors
3.40 Consolidated Gas of NY.
Curtiss Wright
2.00 Du Pont de Nemours
3.00 Eastman Kodak ........mendeacon
Electric Auto-Lite Co
0% 8. Electric: Bond & Share
Electric Power and Light
0.40 General Electric 1:00 General Foods 1.00 General Motors Len Gillette Balety 1.20 Gold Dust m 0.60 International:1
International Tel & Tel 4.00 Inggett & Myers 1.00 Loews L
Montgomery Ward: 9.80 National Biscuit 1000 National City Bank 1:20TM National Dairy Pr IX:60. Otis Elevator ......
10 Facing: Gas & Electi
·Paskarð Motors (L6C Fennsylvania Esil Badio Compa
1,00-"Standard @Branch
Standard
1.00 Standard
1,00 neki