DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
Sharebrokers' Association
SATURDAY,
Buyer Baliera
Halse
Homini
Buyare
Sellers
MAY 19.
Banka
HONG KONG DAILY PRESS, TUESDAY, MAY 22, 1934.
MONEY AND MARKETS
CABLES AND
WIRELESS
DIVIDEND
LONDON EXCHANGE RATES
(BRITISH WIRELESS SEATION.)
$1,800
12
£130年
218
H.K. Banka
Pa (London)
Chartered Banks...
$1,880
228
Mercantile Bts “A”
£282
£15
Do.
£16
Bank of East Asia....
·182
N. 0.& 8. Barks
$2.20
$20
"Am. O. Fin. Corp
(Special Air Mail Service)
Ch. Fin. Corp. Ort. 8.
35
$322
$1.45
་་་
$008
$605
3575
3260
H.K. Fizos
1320 #13 1890 $820
$950
SH
***
$40
Steamboatsutikim
$101
$30
131
Do. (def.)
•Indos (pref.) ..................
$30
$36
51.3
Shell..........
30%
$11.30
Waterhoata
Mining
.63 ozs. 07 cts, 85 cts.
Amtamoks ..................................(07 ett. 70 čtɔ,
$33
Balateos
37 of
Baguio Gold 36 cta. 38 cts.
$321
Benguet Consolidated
339
20 str. Do.
Exploration
፧፧
22 ots.
12 eta.
Do.
Insurances
Canton InsuraF DOM ...
Underwriters BLACKP
Union InsuranÇON ***
China Firos
WARNING
International Assoc. 9.
Shipping
Douglases
Prof. 8
11: ***
104
#1 90
120 cm Do.
Goldfeld
18 otu Big Wedge
29 ote Gold River.
13 Bold Creek.
#7
Ipo Mining,
22404) Kland ******DORES
$18
Langkats (single) E.
480 Explorations...... 8.
$181
$7
Loan B.
RaubsYTESTIM
Venezuela Gold Fids.
Docks, WharYOS,
Godowns, etc.
H.K. & K. Wharver. $104
Providents (old) $1.85 $1,90
H.R. & W. Docks ... $16,90
ราษ
$490
$18 20.80-
London, May 1 The Cables and Wireless ..com- bine yesterday announced the pay- ment of a 22.p.c. dividend, on its £23,000,000 of 5p.c. Preference stock, or the same rate as has been paid in each of past three calendar years. This leaves the Preference dividend in arrears «from July 1. 1932, but the news clearly satisfied the market, for early in the day the stock gained. 11 points, al- though it reacted slightly later. The payment is, in fact, the best that could have been expected, for in 1932 the 21 p.c. rate was only just covered by earnings, and dur-, ths the past year there must have been a further decline in several sources of revenue.
I. and IC. traffics, though show. ing an improving trend; must have been some 24 p.c. less than in 1932, but as in that year they contribut
d hardly more than 11 p.c. of the
total revenue, the effect of the further fall in 1933 cannot have bean marked. A more important infuence must have been the effect of the fall in interest ratės in the yield on the cable com- panles Investments, which last year provided over 80 pc. of the A sub- parent company's income. stantial reduction under this head seems inevitable, so that it is rea-" sonable to assume that there must have been further gains from the recent economy measures.
Another favourable influence is the evident sharp improvement in Marconi's Wireless Telegraph Co., which yesterday declared "a divi- dend of 6 p.c., against 2 p.c. in each of the two preceding years. This increase should afford approxi- mately £60,000 (net) for the par-
ent concern.
Amsterdam .* Athens
Belgrade
Berlin
Sterling Parity .....19.10 Florina
370 Drachmae. 276,316 Dinars .... 20.43 Marks 1s. 8d. per Rupee 36 Belgaa 913,568. Lei
May 17. 7.52 530 S.
225
May 10.
530 8. 225
12.90
1/6 1/32 21,82
·510
Bombay ........... Brussels Bucharest .... Buenos Aires Copenhagen Geneva Helsingfors Hongkong Lisboa .... Madrid..... Milan Montevideo Montreal.... New York Oslo
47.58d. per Pezo 18.189 Kroner
381 S.D.
1/6 1/32 21.82
510
22.394
25.12 Francs
15,68
381, 3.0. 22.39) (missed)
193,23 Marks
2264
2281
1/51
1/51
... 110 Escudos'
110
110
25,28) Pesatas. $2.48 Lize 30.88 per Peso
37 5/16-
371
80
381 8.0.
981 9.0.
4.887 Dollarn
5.10
5 105
4.867 Dollars
5.11
Rio de Janeiro
18.159 Kroner 124.21 Fran 154.23 Kronen 96.93d. per Gold
77 7/32 122)
Milreis
4 5.0. 1/31
19.40
28
1/2+
Paris Pragua
18.159 Kronor 3455) Schillings
... 24.58d. per Yen
Shanghai Stockholm Vienna Yokohama Silver (spot) Silver (forward). War Loan
7%
19.901
19 11/16
31% 102 11/18
Closing Quotations
| ON Naw York:—
-5,11}
"18.50§
.77 7792
1227
<
41 8.0. 1/31
$19,40
28
1/24
191
19 7/16 31% 102
Bank Bills, on demand 38
Credits, 60 days' sight.. 371⁄2
ON BATAVIA:-
On demand
12/
Bank Bills, on demand 545
Credits, 4 months' sight
May 18, 1934
ON LONDON:-
Telegraphic Transfor... Bank Bills, on demand Bank Bills, 4 months'
sight
1/5
ON PARIS:
Credits, four months'
sight
1/33
Os SHANGHAI:-
ON SAIGON:
On Demand
1103
On demand
OS MANILA:-
* 60
On demand.........
OR BANGKOK:-
รา
On demand.
***
934
Hate BAR SILVER, per oz,
ON SINGAPORE: —
On demand UN JAPAN -
On demand "ON INDIA--
Telegraphic Transfer... Bank, on demand
SOVEREIGNS, Bank Buying
PRESIDENT LINERS TOURIST CLASS
The New Comfortable Way
to be Economical!
If you are of those thrifty travelers who like to find economy that is not goined at the expense of every other thing, you will delight in President Liners' Tourist Class." All outside staterooms...each with hot and cold running water...splendid cuisine and service that is famous the world over make Prest dent Liners' very low Tourist Class fares real travel bargains!
13
TO SAN FRANCISCO. 18 Days To VICTORIA, SEATTLE 17 DAYS
via Shanghai, Fobe, Yokohama, Honolulu
Forthuightly sailings
Pres. Wilson June 6, 8 a.m. Pres, Hoover ...June 18, 6 am). Pres, Lincoln July 4, 6 am. Pres. Coolidge, July 14; 6 am.
EUROPE, NEW YORKĮ
..
Inquire for round-trip dekete to Europe inesssection with Lloyd Triestino.
Vis Manila, Singapore, Penang, Colombo, Bombay, Suez Canal Alaxandria, Naples, Genos, Marseille
Pres. Barrison... May 26, 8. Prov. Hayes June 9,3 m. Pres. Johnson Jane 93,8 s.19. Pres. Monroe.. July 7,8 m, Pres. Van Buren July 2, 8am.
19
via Shanghai. Kobe, Yokohama
Fortnightly Ballings
Pree, Jackada
May 10, 8
Pres Jetterson June 8, Midnight Pres. Grant .. fane 13, 8 a.m. Pres. McKinley July 7 Sam Pres. Jackson July 21, Я & m.
MANILA
THE MOST FREQUENT SERVICE
ן
Next Sailinge
Pres. Harrison...May 26, 8 a.). Pres. Wilson. May 29, 6 pm. Pres. Jefferson "Jane. 2, 6 p.m. Pres. Hoover. June 7,9,p.m
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDHA BUILDING-HOKG KOKO.' CANTON KHAICH :—4, AFAXIE, BOAD,
714
NEW YORK STOCK
131
175
eta.
Do. (new)
---
$2
S. China Motors' A'
***
18
Do.
$133 Shanghai Docks
S.
80 cts.
32
$133
$3,20
$350
New Engineering82 Hongkewe sama di Lands, Hotels, and Buildings
$6.11
$811
183
$25
314
30.10
H.X. Realties........
SIN
$137
H.K, Hotelariter H.K Lands...8. Shanghai Land...8. Metropolitan Landa..
China Do
3
Do. DebenturesS.
$11.20 Humphreys
New Asia Hotel
Do.. "B"B
$140
Asia Realties "A"B.
$20
384
Chinese Estates......
Catton Mille
E.
175
$43
S'ha: Cottons(old)S.
Do
(new)5.
5 10
"$60
20
$131 Zoong Singe S
$60
Wing On Textiles(5)
Do (new)... Star Ferries
$224 | Yannati Ferries...
Chins Lights (old).....|
Do. (a)...
Do, Rights!
TH
$160
$5,40
3:1 151.
IN
$10.9
$131
Public Utiliting
$21.86
$21.30
141
Tramways
$21.20 321.40
$15.90 $72
Peak Trains (old)...
24
$100
100/1014
18
0/9.05
$82
***
$73
H.K. Electrica
373+
324
114
Macao do
$2
Sandakan Lights...
$24.80
$12.4
3/-
16/10
Industrials
$12
Malabon Sugara
.321
$94
Telephones (old) .....
Do. (new)
$13.20. Ching, Buses.8.
Tractions..................
To.. (prof.)
Caldbeck, Tord.) B.,
$191 Macgregor (pret.)8.
··12.80
Canton Ices
Cemonts
Do. (DAW)...!
Ropes
U.S. COPPER CODE EFFECTS
(Special Air Mall Service)
London, May 1-
CUNARD AND WHITE
STAR
American Company's Opposition
(Special Air Mail Service)`
London, May 1. Mr. Gavin Simonds, K.C., in Mr. Justice Eve yesterday re-opening the motion, said that the
EXCHANGE
AMERICAN ORIENTAL FINANCE CORPORATIONTM
FED. INC, USA. QUOTATIONS
Tel. 28831-Asia Life Building, 3rd Floor,
(REUTERS THROUGH"THE AMERICAN ORIENTAL FINANCE CORPORATION) New York: May 19,
Dow Jones Averages High-1933/34 Low: May 18. May 18.
30-Industrials
20 Rails
10 Utilitie 40 Bonds
1 Commodity Index
Change
110.74
50.16 -95.17 *93.13
66.94-
$7.73
19.33 22.30
95.4343.84 43.10 3.18
.04. down *:06 up
.12 down
.85.21.0
73:31 94.08
h3 down
60.44
35 up
41.98 83.73 64.10
The A. O. F. Corp. has received the following report form their New York correspondents, E. A. Pierce & Co. The main body of stocks drugged listlessly until the foal half hour. We think the chances for a further rally early next week are slightly better than even.
Wheat: Higher on weekly forecast of only light and scattered showers. The market would be very valnerable to heavy rains.
Cotton: The South sold a small amount. Early in the day, prices railie quickly when Far Eastern and Continental demand developed. Talk of mild curtailment was quite pronounced.
Silver: There was heary selling by a local bank. An unknown buyer bought a small amount for May.
Business Done: 250,000 shares.
There was further buying of Rhodesian copper shares yesterday 323
on the strength of the decision to 39.00 88.80 put into operation on Thursday the American Copper Code, "The buying reflected to the view that the code would result in a rise in the world price of copper, but ex- pert expectations on this point, differ. The code is primarily de- vised to "Increase employment, and It lays down that the first 20,000 short tons
17 of "copper sold in served judgment in the motion by substance of the provisional agree- America in a given month must be International Mercantile Marine ment was a sale of the assets and covered from current production. Company, incorporated under the undertaking of the Oceanic Com- Only quantities beyond this may laws of the State of New Jersey, pany and that there was no power be taken from surplus stocks. A U.S.A., Tor an junction to in the memorandum of the com- year ago, the total US. copper de-restrain the Oceante Steam" Navi- pány to effect such a sale while the Rveries amounted to only 18,000gation Co., Ltd., from acting on company was in being. He alleged short tons, although to "June" and a provisional agreement dated that "the directors of the plaintiff July last, they exceeded 50,000. December 30, 1933. between that company had entered into the Unless a large increase in Ameri- company and the Cunard Steam agreement without disclosing what can copper consumption is to be Ship Company, Limited, and the they were doing and even with looked for this year, it is not eary Commissioners of his Majesty's some lack of candour, concealing to see how the code can help the Treasury. By the writ in the what was being done until it had world price. Caution, therefore, action declarations are claimed been done." The plaintiff.com- should be observed by those who that that agreement is "ultraj pany alone, he said, was interested think that they find in the code a vires" the Oceanic Steam Naviga in the whole of the shares of the bill point for Rhodesian producers. tion Co. or its directors and is Oceanic
shares Company, the
(old)....... $% 45
$6
$26t
Malacallansons
Dairy Farmessa
Amusemente una in $3 80
$261
$1
Dar
A Wings.........
$3.75
$71
Ch. Etainment......$6.00
31.00
70 ct
Do.
Constructions, (old) $1.80 $1.90 $1.85
(now) 70 ats.
Lane Crawfords......
Mackintosha
Hanyang Tobacco... $5.16
Watsons....................
Wm. Powells
161
31.80
32
H. Greyhounds.....
8. C. Enterprises
32
United Theatre... 8;
prem.
18 $120
A.K, Wing Ou
8'bai..
Do.
97%, Oh.G. 521985 G. Bde. 58,
(4.X. Govt, Losna....... $182] Wallace Harper................
323 35.80
80: ata.
LOCAT. AND BEGULAR OUTWARD MAILS,
direct steamer)
Misono & Trinambaz
Longmon (roept Habardays) Bankong (except Baturdays) fatahan and Wnohow. (By]
Train)
$19 8120
WEEE DAYS. ĮSUNRAYS & HOLIDAYS
FROX FROM
BYONGWAS [SURDNEWAN
BRAXCH
Q.P.O,
FROM
6.2.0.
Branch P.0,
7.15 MM. &|| ( 7.00 Haz
MANUFACTURERS' HOPE OF A STABLER MARKET
Special Air-Mail Service
Condon, May 1,
Canadian Pacific
LAST SALM
404
$65
1989. Hion Low
Drv. $
PER. SE.
May 18, May 18
112
180
471 $701
3.00 Air Beduction
$97
6.00 Allied Chemical & Dye
134-
.1324
1001
491
4.00 American Can
94
947
1of
American Radiator.........
-137
141
55
101
American Smelting........
402
1344
9.00 American Tel. & Tel
115
1154
201
5.00 American Tobacco "B"
+3
711.
714
1.00 American Waterworks ...............
187
184bla
2**
Anaconda Copper Mining ...
15
15
844
31
2.00 Auburn
352
35+
22$
Bendix Aviation
154
154
37
18
1.80 Borten Company
24
241
20
"7A
18
1
103
1. 1 Case ....
511
*52
818
0.50 Caterpilla? Co.
281 274
157
14 Chase National Bank
277bid 28 bid
7
1.00 Chrysler Motore
391 397
841
A
311 3.40 Consolidated Gas of N.Y.
1
331
331
Curtin Wright
31
1092
291 200 Du Pont de Nemours
831
-831
3.00 Eastman Kodak ...
941
041
03
40
Electric Autu-Lite Co.
22
212
10
4% 8. Electric Bond & Share
··-147.
143
**:48.
10
Electric Power and
54
10
aj
0.40 General Electrid
..20.
10
201
1.60 General Foods ni
32
32
งา
1.00 General Motors
-331
10
201
1.04 Gillette Safety .....
104
101
1.90 Gold Dust
20
197
12
6.60 Internadord Harvester.
331
351
40.
138
International Tel & Tel.
12
120
4.00 Liggett & Myers-B”
943
998.
100 Loew's It -
301
30%
GOVERNMENT AND TELEVISION
201
2.90 National Bisemit
36
36
800
1.00 National City Bank, wi
183
Britain Leads The World
not binding on the company. The stood in the names of the Midland' writ also names as defendants the 'Bank Executor and Trustee Com- White Star Line, Limited, the pany and the Midland Bank Exe- Royal Mail Steam Packet Company, cutor and Trustee Company and Limited, the Midland Bank and the New York Trust Company, and Executor Trustee Co., Limited, they belonged to the plaintiff com- and the New York Trust Company, unless the Royal Mail Steam pany. A declaration is also claim Packet Company and the White ed by the International Mercantile star Line redeemed them by pay- Marine Company that having re-ing approximately £2,500,000. Mr. Alexander Johnston, manag-gard to the default of the Royal ing director of the North British Mall Steam Packet Company" in Rubber Company, Ltd.. Edinburgh, discharging the interest on the discussing yesterday the rubber outstanding balance of the puz- restriction scheme, said the crux | chase price of share of the Oceanic of the matter appeared to him to Steam Navigation Company due to be the price which is regarded as the Marine Company and the "fair and equitable level which amount such balance,.“ the' will be reasonably remunerative Marine Co. ought to be treated to efficient producers."
as the sole beneficial owners Rubber
manufacturers would of the shares, or in the alterna 800 not readily forget how, under the tive, that the defendants, the Stevenson scheme, the idea of Midland Bank Executor and Trustee Company, Limited, and the New York Trust Company were bound to exercise the voting rights conferred by the share to vete the agreement
F.O.. 17:00 tent the ti 17.00 puro.
5,00 pa
7.00p.m. 100 pan. 4.00 p
19,00 (8.15 2.80 3.7 #
1.16 pe
1.80 Bundays Fondays
8,50
*ANTOD ***
Bital and chow (By').
4,00 pizd 1,00 pal
HI
7:15 am,&] 17.30
11.30 pa
On Patte
6.00 p.m.
| 8,15 am.
only “... 6,00 p
0,00 p.m.
7.15 a..
1.00p.m. 19,00 àm. &
9,00
Bhamchum
- Aberdeen
Stanley . Pingahan, Ban Bhatoukok
-
3.00 p
8,00p.m 1.00pm. & 6.00 pubile 8.00
† 2,00 2,3,4]
11.80 p.m.
8.30 am.
8:00
4.50 pan
7:00 p.20.
7.15. ∙11,00
11.00
(11.00%
1 & 8.00 p.)
1.00 a 11.000
1.80 m
10.80 $1,
8,00 patt
what constituted a reasonable price steadily rose as the price of the commodity went up.
This scheme was launched 1922 with the object of raising the price to la. 3d., and yet in 1925, when prices had risen to 48: 34% an and the world's stocks had fallen ment to release large quantities
meet the shortage. to a low record, the manufactures andragaren ing members of the Advisory Com- mittee could not persuade the reb ber-growing members that it was necessary to advise the Covera
Manufacturers generally had no] objecttion to higher prices of rub ber, but they "did" require com- parative stability,
(Special Air Maff Service),.
London, May 1 Bir Kingsley Wood, the Fost- master-General, informed Captain Cunningham-Reid in the House of Commons yesterday that he pro- posed to set up a committes, to consider the development of tele- rision and to advise on the con- 'ditions under which a public tele- vision service could be provided. “
He hoped to be able to announce at an early date the comp 11 the committer and the terms o #referend
Montgomery Ward
1.90 National Dairy Products
0.60 Otis Elevator ....
1.10 Pacific Gas & Electric
-Packard Motom
0,80 Pennsylvania Es
Radio Corpa.
Bears Roebuck
· 194. 87€
Bocony Facun
· 1.00 " Standard
Stand
.497
100 Standard Off
Jersey
1.00 Texas Cor
Be Trine-Ame 1.00 Ualon
502 Union Pacific
United Air and
United Cor
United
27/bid 27 bid
-167
154 15
∙174
173
201