DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers'
Association
Ea. (London).......
Mercantile Bks "A"
Bank of East Asia...
*C
Insurances
Underwriters ****** $7.95
International Assoe. 3.
Shipping
Douglases
$11.30 Waterhosta
£14
1933
£13
393 $6.20
$330
#620 3523 $960
A
330
Stoł
$30
HONG KONG DAILY PRESS. TUESDAY, MAY 1, 1934.
MONEY AND
MARKETS
LONDON EXCHANGE RATES
(BRITISH WINKLESA · SERVICE. }
EXCHANGE
YESTERDAY'S OFFICIAL
QUOTATIONS
The market acted rather slug gish to-day, the Indications being that both buyera, and sellers seem inclined to mark time.
Among the lower priced shares, Hotels and China Lights eased off to some extent, and were offering this afternoon at $6,15 and $9.10. Sales were reported of Unions at $615 and Telephones (old), at $24.
On Amsterdam Athens Selgrade Dorlin Bombay Bruss
Starling Parity.
Apr. 25.
19.10 Florina
7.564
370 Drachise
$35 S.
Apr. 26. 7.55 533 5.
276,316 Dinars
2.05
1. ed per Rupee
1/8 3/32 21.90
510.
Bucharest..... Buenos Aires Copenhagen Geneva...... Helsingfors Hongking Lisbon. Madrid Milan Montevideo. Montreal New York
MONDAY,
Buyers Sellers
Sales Normal
Buyer
Soliers
Salon
Numato
APRIL 30,
H.K. STOCK
Banks
**********
$1,056
H.K. Banks
$1,850
ROL
Fi3.
2101
Chartered Banks....
£13
Do.
503
N. C. & S. Barka
$20
Am. O. Fin.Corp!
8.
#+
Ch. Fin.Corp. Ord. H.
*
Do. Prof. B
144
3322
Canton Insarations .....
Union Insurances ---
$810
18324
China Fires *****
3245
H.K. Fires*********
$3.
$36
#A
Steamboaty
Sales
$30
Indos (pref.)
$31
Do. (def.)
Union Insurances, #615.
$36
49/4
Shelle
50%
Telephones (old), $24.
Oslo
$11.30
Entertainments. $71.
* Mining
Barers
05 ets.
Amtamoks
38 als
Union Insurances, 3615.
Rio de Janeiro
$36
Balatoos
Underwriters, MIZ.
33 ots $34
Baguio Gold
135 ct 2
Douglases, $36.
Shanghai
130
Raubs. $16.30.
Stockholm
120 obr.
Do Exploration
123 cts.
Docks $15.
120 elk.
Da Goldfield ...
19 ola.
Big Wedge ...........
11 ot. 13 cz.
13+
Gold Creck...r
*
Ipo Mining..
$7
Itogons
2:4
Kailans Mining
97/-
$161 1490
Langkats (single) B.
$480
161
Shanghai Loans d.
$16.30
Rauba
$18
Tronoh Mine
HK. Ropes, $5.90.
Saj
Venezueln Gold Fida.
36
Docks, WharvOR,
Godowns, ste.
#97*
H.K. & K. Wharver.
198
$190
11.85
175 cta.
(DOW
H.K. & W. Docks
15.10
$2
S. China Motors' A
3
18
Do.
"B
12.
$130
$130
$5,20
201
$350
$9.10
Benguet Consolidated
Exploration......8.
Providente (ok)
Do.
Shanghai Docke S.
New Engineering.
Hongkuva .......
Q.
Lands, Hotels, and
Buildings
HK Lands....8. $60
$6.15/20
H.K. Hotels i
$61
395
Shanghai Landa...8.
$14
Metropolitan Lands..
$8,70
H.K. Kenities.
1137
China Do.................
Da. Debentures3.
$11.20 Humphreys
$140
New Asia Hotel
Asia Realties “A'S.
Do,
Tramways... $20.90
$15.90 Peak Truns (old)...)
ä数
16
30.061
$8.70
$11 381
"B" B..
$20.
385
Chiness Estates...............
Cotton Mille
$10.70 Ewas
$10.40
$75
S'hai Cottons(old)S.
$43
Do (now)S.
813+
Zoong Sings ....S
$131
$70
Wing On Textiles(9.);
$88
Public Utilitie
$21
415)
$73
Do.
(new)...
371
196
Star Ferries
$22$
Yaumati Ferries
$83
(now)...
China Lights (old)... $8.90 19.10
Do."
i..
$93
Do. Rights
373
$(3)
પદ્મ
Bandakan Lights .......
$241
$12.30
$73
24 40
5121
H.K. Electrics 1724 $73{ Macao do.
Telephones (old)
Do (new)
$13,40 China Bases......S.
5/. Tractions
18/10
Do. (pref.)......
* Industrials
Malabon Sugara ....
321 Caldbeck, Tard.) 8.
$191. Macgregors (pref.)8.)
32.90
Canton Ices
Ropes
Miscellaneous
Dairy FarmA *****.
Amusementa... $31
Constructions, (old) $1.75
Do. Low) 70 l. 72 ote.
Cements
Do.
Watson8MYSTKORTI
W
Powells.*****
M. Greyhounds .........
U. Enterprises
United Theatre...8.
Ch.G. 5219250. Bd. 181
Wallace Harper......
!.!
$72
**
321
$22
(old)... $21 (now)...l
*61
$5.90
197
$281
SL
Der A Wingeceviran
$3.30
$71
Ch. E'tainment.......
32.00
70 otu.
$4
Lane Crawfords.......$
$21
Mackintoshswert
Nanyang Tobacco... $5
$13
Sincores ***Y
13
16.45
8.45
$1.60
80 ctr.
$2
8.
*ኝ
88
preta. 8
BLK. Gort Loans...
[18]
32
$140
B.X, Wing Oa...
RE
Do..,
WEEK DAYS,
Fon G.P.O.
FROM SHBUNGWAM BANON P.0.
Frok G.P.O.
ex dir #125 Jex div. 8120
MAILS,
¡SUNDAYS & WOLIDAY
Fox [BEYUKOWAN BIAMON
† 7.25, & £7.00 78.
Santon
8.00 p.td.
Bamshul and Wachow (By)
direct steamer)
2
m.
1,00 p
(7.16 min. &}' ¡°7,80 auto.
116
7.00 p.m. $.00 p.00.
180 p.
k
only
(7,76 am:&
5.00 p.m. 17.00p.m.
9,00, 4.00 p [9,15 km. &890 Bunu # 1.15 p.m. 1.80 p.m Bundays
Fundays 8,80 8.16
Lonly
A pa
6.07 p.m.
7.18 L.m.
1.00pm
7.15 a.
11.00a.m.
Shamabor
55,00 h., & 18.00 p.m. (9,00 1,m,& {8,00 p.th.
Cheungabor
14.00 1.
LOCAT, AND, REGULAR OUTWARD
Blacno & Trinken
Kingmoon (except Eaturdays) Kankong (except Esturdays) Fatahan and Wonhow (By:
Train) Tal O
( 1.00 p., &
8.00 m. 12.80 p.m.
1,300.
Aberdeen
Franky.
Pingahan, Bantin Shatankok and dashed
**
130
Stan Abekk) Taipi
-100 pat
8.00 p.m.
9.00 A10
11.00 .1.
·612.00
0.
&5.00 pm. 9.00 .m. 11.00 3,12, 8.30 am
10.30
10.30
12.0. 7,00
6,00 p.m. 5.00 P
7.00 2.0.
Tramways, $20.80.
Electrics, $72}
Cements, $24.
Amusements, $3.30.
Constructions (old), $1.90.
Constructions (new). 70 cts.
Hotels. $6.15.
Sellers
China Lights (old), $9.10.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS. REPORT
Silver rose substantially in Con- don on Saturday, rates being 19 1/16 for Ready and 19 fon For- ward, the advance was 5/16 for both deliveries and was due to
Paris
Prague
Vieuns Yokohama Silver (spot)
Silver (forward)
War Loan
ON LONDON:
20.43 Marks. 13.04
35 Belgas ...... 813,688 Lei 47:58d. per Peso 18.159 Krener 6.29 Francs 193.23 Marke
110 Escudos 25.22 Pesatas 92.40. Lire 50.88d. per Peso
4.867 Dollaru 4.807 Dollars
18.159 Kroner 194.21 France 164.25Kronen 26.93d. per Gold Milreis
36) S.O.
22.391 15.80) 2261 1/5 - 110... 37 7/18 60 3/16" 381 8.0. 5.12.
5.14
19.901
12.95/ 1/8.3/92 21.85
.. 510
361 8.0.
22.39+
· 15.76
2261
1/51
110
378
.60 1/16
384 S.Q. 5.12. 5.141 19.90) 77.13/32 1221.
41 5.0.
1/37
19.40
-77 9/16
1224
41 S.Q. 1/31
19,40
28
28
94.58d. per Ten
1/2 3/16
1/2 3/16
181
187
24%
104 11/16
18.159 Kronor, 34.58 Schillings
Closing Quotations
April 3, 2
Telegraphic Transfer... 1 Bank Bills, on demand Bank Bills, 4 months'
sight
ON NEW YORK:-
Bank Bills, on demand "57 Credits, 60 days' sight.. 371
ON BATAVIA :~~
-41
On demand....estertappe ON PARIS:
Bank Bilis, on demand 540
Credits, 4 months' sight:80
Credits, four months'
sight
1/5
ON SHANUKAI":-
ON SAIGON-
On Demand
110.
On demand
ON SINGAPORE:--..
ON MANILA.
On demand
503
On demand
711
ON JAPAN:--
ON BANGKOK :-
On demand
TIN
On demand
132/
ON INDIA:
SOVEREIGNS, Bank Buying
Telegraphic Transfer...
Rate .......
1/DE
Bank, on demand
BAR SILVER, per os,
19 1/16
covering operations for account of HONGKONG LOAN IRON AND STEEL
Chira Banks on a small market. Sales were also made for account of China after the rise. The clos- Ing tone was regarded as uncer- tain, In York the rate was 431 and the tone given as steady.
Sterling opened at 5.141 and im- proved to a rate of 5.15 at the close.
Market
the
also
སི་ཨེཞི་
To Be Repaid
(Special Air Mail Service)
London; April 15.
Big Increase In Output
Special Air-Mail Service
London, April 15.
The National Federation of Iron and Steel Manufacturers, in a re-
the turn issued yesterday, states that
their
there were 95 furnaces in blast at
It is announced to-day by the Crown Agents for the Colonies An easy market appeared cer- that the Hongkong Government the Three-and-a-half per Cent. In- tain at the opening, despite
the scribed stock, 1918-1943, firm tone on Saturday and advance in Sliver prices. The easl- amount of which is £1,485,733, will ness which started in Shanghai be repaid at par on October 15 was attributed to covering opera- next. This loan, which was first the end of March, an increase of Ave since the beginning of the fallure Issued over 40 years ago, could month, dx furnaces having gone tions resulting from of two or three, Gold Bar operators. have remained outstanding until into blast and one furnace hav Rumours of dificulties of one April 15, 1943, but the Government ing ceased operations. Production local operator were
current have decided to exercise
of pig iron in March amounted to this morning. Market reports in- right of early redemption on giv-503,600 tons, compared with 414.- dicated a fairly extensive "business. ing six months' notice. The loan 400 tons in February and 332,200
Sterling
will be repaid mainly out of smk-tons in March, 1933. The produce Opened, with sellers at 1/5 1/16 ing fund accumulations.
tion includes 127,100 tons of bem- and buyers at 1/5 3/32 and trad
atite: 253,300 tons of basic 105,- Ing done as follows:-1/5-3/32
800 tons of foundry; and 7,000 tons June, 1/5 1/18 June, 1/5 1/16 June
of forge pig iron. The output of steel (second half), 1/5 1/16 july, 1/5
ingots and castings amounted to June, 1/4 31/32 cash. 1/5 May:
829,700 tons, compared with 707," (second half), 1/5 1/32 June. The
500 tons in February and 577,700 market closed with sellers at 1/4
tons in March, 1933. 31/32 for May, 1/5 June, buyers at. 1/5 for May and 1/5 1/32 June... U.S. Dollars Dollars were indicated sellers, 36 11/18 buyers, and busi- ness done at 38 11/16, 36 9/16 and 364, all fon near delivery. "At 1 p.m. there were buyers at 361 and sellers at 36 7/16.
1192.
Чед
Shanghai Dollars
FORD MOTORS
BIG PROFITS
at 368 Big Improvements
Reported
(Special Air-mail Service)
London, April 15.
A big improvement has taken place in the fortunes of the Ford 1114.
Whereas for 1932 Motor Co. Shanghai Market
£180.249. was of a lower trading loss Opening rates were on level, Sterling at 1/33 sellers and shown, before providing for depre- Gold at 32 15/16 sellers. Business ciation and exceptional charges, a was done at declining rates and trading profit of no less than the market with sellers at 1/3 3/16. £913,060 is recorded for 1933. An- buyers at 1/3 and Gold sellers at ticipated economies in the cost of 321. buyers at 32 11/16. There was manufacture resulting from higher a rush to cover transactions evid-efficiency have been achieved, and ently left "open" by Sliver Stocks steady progress is being main- tained. In addition to the trading as per advices of 18th instant es-
profit, there is £443,649 accruing timated at Tis. 408,694,000
from profit on exchange, so that against Tis. 345,593,000 a year ago.
the gross trading result amounted IN THE AFTERNOON
to £1,388.719. The tone was quite easy during the greater part of the afternoon but towards the close the market steadied somewhat.
·
Sterling
Sir W. Larke's Statement
Commenting on the productión figures for March, Sir Wm. Lárke," director of the federation, said there was no reason why production should not continue to increase. While this most encouraging “sign of steady and continued improve- ment reflected the general econo- mic improvement in the country, and particularly the application of protection to the iron and steel industry, the industry could claim the results as due in some mes- sure to the active steps which it had taken since the policy of
became effective protection stimulate demand and improve- commercial and productive eff clency, although many of these had not yet had time to come to full fruition.
,
to
A substantial measure of agree- ment had been reached between consuming From this figure there is de- the producing and ducted £535,833 for depreciation interests, and effective co-opera- and obsolescence, etc., and when tion established. Since the Otts- interest charges and loss on trad- wa Conference missions represen- ing of the Near Eastern branch tative of the industry had pro- In Sterling business was done are met the net amount of ceeded to Denmark. Scandinavia, for June at 1/5 and perhaps for £755,794 compares with a debit of, Finland, Holland, Poland, and to May at 1/4 31/32. There were
681,828. The net debit brought India with a view to promoting. buying bids in the market at 1/4 in was £354,045, and this is now increased trade oversea." The full 31/32 May and' 1/5 June. until hall wiped out, leaving a credit Balance effect of these missions had not an hour before closing time, sell-of £388,170. to be carried forward. yet become apparent. ers offering, 1/5 for July, but fol- No dividend is to be paid: The lowing a steadier tone in Shang- last distribution was 10 p.c., for hal June delivery was again on 1930.
offen without attracting buyers. The rehabilitation is apparently The market: closed with sellers at due to increased business in the 1/4 31/32 May, 1/5 June with buy-home market, since the company's ers at 1/5 for. May and 1/5 1/32 foreign trade has been hampered by dollar depreciation and increas- ed competition of UB.A products abroad
June.
U.S. Dollars.
Dollars came to business at 361 for cash, the market closing with sellers at that rate and perhaps at 38 7/16 and buyers at 381.
Shanghal Markets:
32 buyers but the Dollar rate was at one time 32 9/16 which was Late afternoon, wires gave Ster- the low point touched. Specula- Mag at 1/3 3/16 sellers, 1/32 buy- tors bought Dollars largely during ers and Gold at 32 11/16 sellers, the day.
Even in the difficult feld of the export trade figures for 1933 were slightly higher than in 1932, in spite of the fact that in the other European iron and steel pro ducing countries, except France. exports declined.
The constitution of the federa- tion is to come up for considera- tion next Thursday, and Sir Wil- liam, emphasized that the propos ed-revision, if adopted was the first stage in a comprehensive. measure of co-operative planning. It provided the machinery where by the progressive re-organization of the industry could be achieved.
PRESIDENT Liners
SPECIAL SUMMER
ROUND TRIP
13
FARES
Hong Kong Residents will be interested in the news of greatly reduced Summer Round Trip Fares to AMERICA and JAPAN.
President
Final
TO AMERICA these rates are available on
Liners sailing between June 1st and July 81st. return limit September 30th..
Hong Kong to Vietoria & Seattle
1st Class Tourist Class
and return...US$432.00 Hong Kong to Honolulu and return-US$860,00 Hong Kong to San Francisco
US$240.00 US$196.00
and return... US$450.00 - US$240.00 Fares on s.s. "President Hoover" and "President Coolidge" slightly higher.
TO. JAPAN fares apply from June 1st to September 30th
with return limit October 31st.
Hong Kong to Kobe and Return ... Hong Kong to Yokohama and return
Frequent sailings.
- For further particulars apply --,
***
STEAMSHIP
DOLLAR AMERICAN
First Class
HK$225.00
HK$255.00
LINES
MAIL LINE
FENDER BUILDING-HONG KONG..
GANTON BRANCH 1-Ą, STAKES EJAR.
NEW YORK STOCK EXCHANGETM AMERICAN ORIENTAL FINANCE CORPORATION"
FED, INC. UB.A.
QUOTATIONS
Tel. 26031-Gloucester Building, Suites 301-308
30 Industrials
20 Rails
(KXUTER'S AMERICAN SERVICM.)
New York: April 28.
Dow Jones Averages
Fligh1933/34 Lows Api, 97.
110.74
56.94- 37.73
Apl. 98.
Change
50.16 103.85
109,90
7b-down
-25.43 49.98
48.78
130 down
19.33. 26.00
S3.4V
110 down
· 95.21
Cup
B0,44
30 Utilities 40 Bonds
Commodity Index
73.31 - 94.03 -41.88 50.8я
94.87 51.06. 23 up
The A. O. F. Corp, has received the following report from their New York correspondents, E. A. Pierce & Co. Belling today was active enough to warrant the opinion that potential buyers should await devel opments. Usually, Saturday's markets give very little information, but, in view of the relative heaviness prevailing for the past week, today's action might possibly carry some significance.
Wheat: Sensational reports of dry weather caused an early advance, but prices eased in sympathy with stocks and possibilities of scattered showers. over the week-end. The market showed strength at the close.
Cotton: With Umited offerings, prices advanced rather easily on small buying by the Trade. The supply of contracts was quite free and, in the final half hour, there appeared further liquidation on long lines.
-Silver: The market was firm at the opening on foreign and commis- sion house buying and on impressions in some quarters that some sort of compromise may develop in connection with silver legislation." Business Done; 180,000 shares,
Drv: $ LOW PER SB, ||
49
*8
ちょ
Anaconda Copper Mining
Canadian Pacific
LAST SALE
1935
FLIGH
Apl, 27. Apl, 98..
$1013
112
474
3.00 Air Reduction
s
160..
70%
1001
4.00
8.00 Allied Chemical & Dye......
American Can
1451
1454
101)
1014
151
15
17
10
American Radiator......................... ....
411
414
101
American Smelting....................
'
9.00 American Tel. & Tel. ......
120+
120
944
50%
5.00 American Tobacco
B?
711
434
1.00 American Waterworks
201 201
161
16
228
5.
41 407
841
21.
2.00 Auburn.
6)
Bendix Aviation
181
18
242.
242
1B
37
1.80 Borden Company
161
101
20%
7
681 88
J. I Caso ...................
103
314
31
318
6.30 Caterpillar Co
30
30
401
10
1.4) Chase National Bank
493.
48
71
1.00 Chrysler Motors
Beg
311
11
3.40 Consolidated Gas of N.Y.
Curtiss-Wright
354
351
4
102
1.00 Du Pont de Nemours
95+ 06
931
3.00 Eastman Kodak ............
04.
93
201
10
Electric Auto-Lite Co.
257 25
10
%
Electric Bond & Share
161
18/1
Electric Power and Light...
0.40
General Electric
221sale 221
30%
1.60
General - Foods
35% 351
30%
10
1.00 General Motors
3T+
307
201
81
·1.00 Gilletto Salety
111
11
1.20 Gold Dust ...............
211
211
$72
46
134
0.60 International Harvestar
International Tol & Tel.
7.401
401
141
14
84
4.00 Liggett & Myers"B" 100 Loew's Ius
93
32+
324
80
Montgomery Ward
30+
-304
2.80 National Biscuit ......
411
38
168
10
100 National City Bank Hol 1.50 National Dairy Products - 0.60 Otis Elevator
31
302
164
168
181
101 10 Pacific Gas & Electric
181
181
17
Packard Motors
47
42
0.66 Pennkylvania. Bailway
34
33
2
12
19
6
Radio Corpn. -.............................. Sears Roebuck .... ............. Socony-Vacuum Corpa
81
491
481
161
13!
1.00 Standard Brands'
Standard Gar
-214
221
1.00 Standard Oil Co. of New
Jersey
454
481
10 1.00 Texas Corperation
201 201
24
Trans-America
67
192
131
10
1.00 Union Carbide & Carbon 6 Union Pacific
United Air and Transport...
44 1201
391
104
United Corporation
United Stater Steel
Westinghorse E. &
÷ 5 = F ¤ ¤ ¤ ¤ ̃ ¤ ¤ 6 8 $ 2.88×9 ̃ ̄@@= ̃¶-8887¤¤¤ ̈*;**** ****oga*að