DAILY SHARE
Hong Kong Stock Exchange
Buy Sallare
Bular Nominal
•
31,967
2190
216
QUOTATIONS
Sharebrokers' Association
WEDNESDAY, JUNE. 6.
Bayers Ballery
***
Banks
H.K. Banks
Fo (London) Chartered Banks.... Mercantile Bks. "A"
Do.
"C"
Bank of East Axis...
Ch. Fis. Corp. Ord.
Do. Prof. S
Insurances
****!!
*
$1,360
HONG KONG DAILY PRESS, THURSDAY, JUNE 7, 1934.
MONEY
H. K. STOCK EXCHANGE
£16h £281 215
YESTERDAY'S OFFICIAL
$30
QUOTATIONS
Stagnant would about best de- scribe the state of the market this morning, with a few patchy en- quiries here and there, Wharves and Trams commanding most at- tention, but, as far as is known. no sales af either bave taken place. SALES
Cements, $21.
Dairy Farms, $25).
Lane, Crawfords. $4.80
BUYERS
Baguio Gold, 35 cts Wharves, 8105.
AND MARKETS
Ainsterdam
Athena....
Selgrade
Berlin
Bombay Brussel
LONDON EXCHANGE RATES
Bucharest Buenos Aires Copenhagen Geneva Helsingfors: Hongkong Lisboa ...
Madrid
Milan Montevideo Montreal'
(BRITISH WIRE SERVICE
Sterling Parity
June 2
12.10 Florins
7.494
....375 Drachmse
530
276,316 Dinars
........ 20.43 ·Marka, 12.894
1a 4. per Rupee
35 Belgas 813,368 Lei 47.58d. per Peso 19.159 Kroner
1/8 1/32
21.72
507
381 S.0.
June 4.
7:44+
528 8. 223
13.034
1/8 1/32
21.59
507)
364 S. O.
LINERS
are
PRESIDENT LUXURY LINERS
with All the Comforts of a Fine Hotel
13
If you liko chy, commodious rooms, with deep-springed beds and every other modem hotel comfort, you are bound to like traveling on President Liners. For to these, and to a famed cuisine, these liners add luxurious lounges and smoking, rooms, an outdoor swimming pool and generous space for cther sports. Investigate before you plan your next trip.
To SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, via Shanghai, Kobe, Yokohama, Bonolulu
22.394.
22.39)
20.22 Franca
15.81
15.63)
193.23 Marks
2257
2269
#
1/34
1/5 3/16
110 Escudos
100
110
37 5/32
36 15/16
99.48 Lire
25.29) Prestas
50.88d. par Peso
4.867 Dollars
59% 383 8.0. 5,05
Prague.ge 18425 Kroben "123 Rio de Janeiro...... 26.93d. per Gold
Silver (spot)
58 5/16 38. O.
5.021
Fortnightly sailings
Pres. Hoover .... June 18, 6 a.m7 Pres. Lincola Jaly 4,6a. Frea. Coolidge.. July 14, 6.mar Pres. Cleveland...Aug. 1, 6 s.07.
EUROPE, NEW YORK
Inquire for round-trip takste to Europe in connection with Lloyd Triestino. Via Manilà, Singapore, Penang, Colombo, Bombay, Suez Canal Genos, Alexandria, Naples,
215
N. C. &8. Bake
$20
Am O, Fin. Corp:
30
$300
Canton Insurancee.....
FEET!
Underwriters
$11
130 31.30
3875
Union Insurance .......
3865
1975
#810
China Fires
3950
H.X. Firga*********
International Assos, S.
**
1810 3245
$6
Shipping
Hongkong Banks. $18571
***
3401
Douglass
540
#3
Steamboats
$9
Union Insurances, $575.
$30
Indos.(prof.)
Antamoks, 87/68 cts.
133
Do, (def.)
$38
Baguio Gold, 35 ets
4718
Shella".........
30/
Hongkong Trams, $31.30
311.10
Waterboats
$11}
Star Ferries, 8101
New York Oslo
+967 Dollars
5.082
5.40)
ja 159 Kroner
Mining
19.901
19.901
Paris
68 ota. 67/88 ct.
Amtamoks
170 ots.
184.21 France 77 1/32
76 15/32
1214
$33
Balatoon
35 ct.
36 et.
Baguio Gold ......
34 ota.
832
Benguet Consolidated
-$39
Milreis
4 8.0.
41 8. O."
18 ote,
Do. Exploration
120 ets..:
Shanghai
1/31
1/3
Do Goldfield ....
**
Stockholm
19.159 Kronor
19.40
19.40
19 st. 29 at
Big Wedge
13 ota.
Gold Biver....
Vienna
34.564 Schillinga 274.
271
Gold Creek.
Tokohama ....
24.58d. per. Yen
1/5)
1/2
Ipo Miuing.
101
$7
19.6.
Hoon ...
97-
21%
19 9/18 1017
$18+
Langkats (single) 8.
$18
34,80
Explorations......8.
341
151
Shanghai Loans.
362
$154
Raubs......
Premi
Venezuela Gold Flda.
$6.80
Docks, WharrRI,
Godowns, ate.
Antamoka, 68 cta.
'ON ·LONDON 1.--
1107
H.K. & K. Wharves.) 3106
$1.85
Providents (oid) ...
Venz. Goldfelds, $t.
51.85
+41
175 cts.
Do.
(De)...)
Hongkong Lands, $60
$18
H. & W. Docks....
$15.
China Lights (old), $8.85.
$8
S. China Mator' A'
China Lights (new), $8.30
18
Do.
"B"
Credits, four months'
Bank Bills, on demand 4374
Electrics, $73.
$133
Shanghai Docka
$133
sight
Credits, 4 months' sight : 774
30.30
New Engineeringe8.
Telephones (old). $251.
ON SHANGHAI :-—-
ON SAIGON
$350
Hongkews".
D.
..H.K. Ropes, 85.
On Demand".
na
On demand
554
Lands, Hotels, and
Wm. Powells, 80 cts.
ON SINGAPORE:—
ON MANILA:~-
NEW
$2,95
200
$25
$14
26.10
Buildings
H.K. Hotels......... H.K Lands................8. Shanghai Lapde.... Metropolitan Lands..
H.E. Restic
On demand
boz..
On demand.
201
8595
ON JAPAN:-
ON BANATOR :-
$601
On demand
131
THE EXCHANGE
SOVEREIGNS, Bank Buying
Rate...
1/5
36,40
19 12:16
Chias Do
3137
Do. DebenturesS
111.20 Hawphreys
Now Ana Hotel.
Asis Realties "A"S.
Do.
$10.83
$45
H.K. Realties, $5.10. Hongkong Trams, $21. China Lights (old), $87. Macao Electrics, $25. Constructions (old); $1,60 Constructions (new), 70 ets. Government Loans, (4%), 81%
SELLERS
Bank of East Asia, $97
Silver (forward) War Loan
Closing Quotations
June 8, 1:34.
Telegraphic Transfer... Bank Bills, on demand Bank Bills, 4 months'
wight
ON NEW YORK:-
Bark Bills, on demand 35% Credits, 60 days' right.. >7) ON BATAVIA :—
On demand
ON PARIS-
Marvellles.
Pros: Hayes June 9,3 m. Pres. Johnson.. June 23, 8am. Fres. Monroe...July 7,8 a m. Pres. Van Buren July 21, 8am. Pros. Garfield... Aug. 4Ba.m.
Yokohama
Fortnightly! sailings .. Pres. Jefferson Jane 9, Midnight Pres. McKinley, July 7, 8 a.m. Pros. Jackson July 21, 8 .. Pres. Jefferson .....Aug, 4, 6 am. Pres. Jackson.... Aug. 21, 8 p.m.
MANILA
THE MOST FREQUENT SERVICE
t.
Next Sailings Pres. Hoover. Jone, 7, 8 pm. Fran. Eaves Jace 9,8'am. Pres. Johnson... June 23, 8 a.. June 28, 6 p.m. Pres. Lincoln Pres. McKinley..June 30, 6 p.m.
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
::
EVOS 111.30
$140
120
"B" 8.
$80
Chiness Estates......
Cotton Miller
$75
Star Cottonsfold)S.
710
Y
$43
Do
new S.
13
Zoong Sings.
$131
$65
Winz On Textiles(S.)
$60
Public Utiliting
$211
$21.30
$157
Peak Trains (old)...
$15t
371
971
$101
Star Ferries
$100
$224
Yaumati Ferrie
#211
$3.85 $8.30
Chins Lights (old)... 8.7
$9.80
Do.
(new)...
18.60
Do. Rights
$73
H.K. Electrics ......
"273
$251
512.60
$1.60
70 otx,
fy3211
Do. (new)...
***
MARKET
MESSRS. ROZA BROS. REPORT
Silver prices were 3/18 higher yesterday for Ready at 19 11/16 and 1/8 higher for Forward also at 19 11/16. Support was given to the market for account of Amer- Ica and Indian interests. China was a small operator on the selling side. The market closed steady reacting to anticipations of fur- account of ther purchases for America. In New York the price
cents was higher at 45 the tone was steady.
Sterling opened at 5.034 and closed at 5.04. The tone was 324,80 certain. $12.00
18/10
$12
Malabon Sugare
321
Caldbeck, Tord.) 8.
$18
$2.70
3:4
(old)...
38.80
36
$26
"Macao do.
Sandakan Lights
Telephones (old)
Do. (new)
313.20. China Buss.............. S.
Tractions
Do. (pref.)....
Industriais
Mangregor/pref.36.
Canton Ices
Cements
Do. (new)...
Ropes
MiscellaneoRS
Dairy Farms
Der A Wings...
Amusamente
Ch. Ftainments......¡ $7.10
Constructions, (old) $120
(new) 70 cts. Crawford....... Macintosha wame
Nanyang Tobacco...
Sinceros
Watsons...
***
"Wm. Powells
写
$4
$7+
Do.
$4.80
Lane
121
手
180 ets.
13
M.
Greyhounds
S. C. Enterprises...
United Theatres... 8.
87
prem,
38
$102
S'hai
(4%) 8.
$21
མ
$26.20
$4
Ch.0.5%192509Bd. 58.
HK. Govt. LoaER 200
Wallace Harper...
ELK, Wing On......
· Do.
34.85
175 cts.
$12
$1004
#
$150
Investment Securities
and Commodities
We offer you Daily Quotation Service
and
Every Facility for Trading through our '
New York Correspondents E. A. PIERCE & CO.
American Oriental Fina
Asia Life Bldg. 14, Queen's Rd.," C
inance Federal Inc. U.8.4.
Hong Kong
$115
Market
Sterling
On demand....... 1177 ON INDIA:
Telegraphic Transfer... 9a Bank, on demand ......
THE PRICE OF SILVER
Chinese Imports and Exports
(Special Air Mail Service)
London, May 20. Writing to the editor of the Times", Mr. E. I Frankliny Says:- and
Bag Silver, per os.
BERLIN SHARE
MARKET
[Special to the "Hong Kong Daity Press" (Copyright,))
Berlin, June 3. The public showed an increased inclination to buy shares so that prices went upwards. This marked the improvement, attributed chief. ly to the relaxation of the foreign. 'the one political situation, on hand the settlement of the Saar
Sr-With your permission question and on the other, the would like to reply to two letters effect of Mr. Henderson's Geneva on the subject of silver that have proposal. un-appeared recently in your paper.
Fixed interest securities were less buoyant than on Monday, but nevertheless the tendency was also
more.
FADDER BUILDING-HONG KONG.
CANTON BRANCH :—4, SHAKEN ROAD,
YORK STOCK EXCHANGE AMERICAN ORIENTAL FINANCE CORPORATION
"FED, INC, UBA. QUOTATIONS
Tel. 26831-Asla Life Building. 3rd Floor.
'(REUTERS · THROUGH "THỊ ÂMERICAN ORIENTAL. FINANCE CORPORATION)
New York: June 5,
Dow Jones Averages. High-1833/34 Low: June 4. June Change
30 IndustrİRİA
20 Baila
20 Utilities
40 Bonds
Commodity Index
110.74
60.16 0273
56.94
25.43 47.94
37.73
10.33 93.70
95.21
BOLAÁ
94.66. 1.03 up
43.14. 0 up
23.23
.5% up
.10 up 07.30. 1.86 up
-73.21 93.69 .: 93.89
41.98 55:6. The A. O. F. Corp has received the following report from shpir New York correspondents, E. A. Pierce & Co. Further progress is encour aging, particularly since it is accompanied by some increase in the volume of business. We think that the market has bet er than an even chance of testing recent resistance points on the up-side.
Wheat: Rains caused early declines, but prices rallied on replacement of sold-out lines. Rains in the North-West were insufficient. Alberta has good rains, but in Southern Saskatchewan, where they are most needed, raine were insuficient.
1
Cotton: Considering the higher Liverpool advices, the market was disappointing at the opening, but the trend from then on was upward. Demand
was general being adcouraged by continued rains in the Beit Esat of the Mississipi River.
Silver: An andisclosed principal bought about sixteen lots. Com mission Houses were the principal sellers,
Kennecott Copper has declared a dividend of fifteen cents. Business Done: 740,000 shares.
I find it not easy to follow the jine
HIGE of thought of Sir Henri Robust. Very little business was Deterding. He asks, "How is upwards, dellar bonds being in live- that in China the general standardy demand rising 1 per cent. and done.
of living has gone back steadily " Surely he must be aware that "for
Call Money 34 to 4.. Young Loan many years past China has gone through a long period of civil war, declined to 921, Reichsbank handitry, and plunder, unparalleled drapped to 184, Dyetrusts rose Potash elsewhere? That China bas uot 21 to 145, Salzdetfurth Suffered more than it has done is spradz 6 to 154. German
the Trusts advanced 1 to 421, German fact that the value of its currency Mineral Oils # weaker to
Opened with sellers at 1/5 5/32 and shortly after rising to 1/3 3/15 with buying indications of 1/5 7/32 which rate was done for June followed by 1/51 July and 1/5 5/16 for August. The market closed with sellers at 1/5 7/32 and doubt- ful buyers at 1/51.
U.S. Dollars
+
I venture to think, due to
in terms of such commodities as it stemenshalske jumped 21 to 1414, imports and exports has remained
comparatively steady during the Bemberg Rayon dropped 11 to 701. long period of depression throughTransocean Kuo Min which the whole world has been
passing, wherens other countries
have been handicapped severely by the present redundant supplies of the fall in pricca of ommodities silver could be diminished even to in terms of their currencies,
this
50%
3.40 Consolidated Gas of N.Y.
Curtiss Wright
193$
DIV. $
LAST BALL
Low
PER. SH.
June 4, June 5,
*112.
160 1001
471
3.00 Air Beduction
$95
$951
702
8.00 Allied Chemical & Dye
133
135
491
4.00 American Can ..
92+
947
17
15슘
American Radiator......
134
.. 133
55)
101
American Smelting....
373
38Z
J341
9.00 American Tel:& Tel.
1131
1151
944
5.00 American Tobacco "B"
.70
71
Steel
lut
1.00 American Waterworks
187
191
+
Anaconda Copper Mining
144
144
1184,
841
31
2.00 Auburn
341
.35
218
Bendix Aviation
147
151
...37
IB
1.80 Borden Company
241
25%
201
Th
Canadian Pacific
15
151
1031
30
-J. I Can
497
52
⚫ alt
#51
0.60 Caterpillar Co.
25
25
401
167
1.40 Chias National Bank
27 bid 28 bid
Out
意
1.00 Chrysler Motors
...
39.-
40
314
32E
I am
a small extent, it would be all to
844
81
31
31
3
1022
321
2.00 Du Pont de Nemours........
831 85
Ва
2.00 Eastman Kodak
94.xd
45
(8
281
Electrio Auto-Tate Ca..
22
221
10
.48
#% s. Electrio, Bond & Share
141
15
10
154
Electric Power and Light...
51
201
0.40 General Electric
161
101
1:80 General Foods............
321
301
$1.
418
1.08
General Motors
301
10.
201
1.09 Gilletta 'Safety.".
101
B
27
1.20 Gold Dust conscio
191
20
13"
0.69. International Harvester
314
46
"138.
International Tel. & Tel.
11
$14
400 Liggett Myers "B
94..
1,00 Loew's Inc.
011
Montgomery Ward
9.80 National Biscuit
H
342
1,00 National City Bank ........
16%
27tbid 284bid.
251
1.30 National Dairy Producta“
17
281
0.00 Odis Elevator
15+
154
101
314
1.10 Pace Cat & Electio
16
6.
SC Pennsylvania Railway
292
207
Radio Corpo
7
Sears Roebuck
39
41-
12]
Sopony Trout Corpn......
15
1.00. Standard: Branda
201
Standard Gar
1.00 Standard Oil: Go:
301
517
:133
10%
k
381 was offering. later 36 3/18, buyers bidding. 261. The last rate was done for July, At the lunch hour, although 36 3/16 was the quoted selling rate, 36 did not $5.16 appear to attract buyers.
$104
Yen
by no means alone in this opinion. $5.80
1191.
I repeat that China cannot afford the good, but to play ducks and Shanghai Dollarn
to import from abroad if it cannot drakes with Chinese trade is a risk-
The that ao prudent person should run. No country can. Business was done at 110 9/16"export.
Lieutenant-Colonel Beckles Will- prosparity of and also 1101, closing with sellers comparative
country and the light improve son refers to what took place in at 110 7/18.
ment in trade in America and President Hoover's time. I have Shanghal Market Steady. Sterling opened at 1/3 elsewhere can be attributed, rightly no fault to find with the somewhat 1 think, to the depreciation of colourless report then issued by the sellers. 1/3 9/16 buyers, improving their currencies. Are conditions in Committee on Coinage, but it does to 1/3 9/16 sellers. 1/3 11/18 buy-China so different that an "appro not seem to me to have anything ers. Dollars were quoted at 324 clation of their currency could be sellers and 32 11/16 buyers but the anything but detrimental to them to do with the present situation.
Lieutenant-Colonel Beckles Will- market was steady later at 321 I do not dispute Sir Henri's sellers, 32 buyers.
estimate of the amount of silver son evidently falls into the corn- used in photography, but I do not mon error of looking upon India think that that important industry as a country with a silver standard; would be influenced one way or merely because silver rupees cir the other by a moderate rise or culate there to a very large extent fall in its price, though naturally as do our own silver coins, though they would prefer to buy their on a much smaller scale, in Great silver cheaply. I am at a lose to Britain, but these coins posses, a know how this affects my argument. purchasing power far, in excess of Again, I cannot agree that the fact their intrinsic value, and I can assure him that it is a definite fact that the bangles and bracelets worn by Hindu women are of less value that Chins is the only country of tban they were some years ago is any importance where silver, whet of vital importance; any more than her in coins or bars, is the standard is the fall in value of the diamond of value, And pearl trinkets worn by British and American women. It is not suggested that there should be any special legislation for their bene fit.
Corporatio
Tel. 26631.
SHANGHAI RUBBER
Latest Quotations
- Messrs. Benjamin & Fotts form us that their Shanghai Office has cabled the following Rubber quota-
tions!--
LATEST" QUOTATIONS
"Rate on Rate on
25.5.34" 6.6.34
$8.00 $3.70
Anglo-Javas
Anglo-Dutch
41...
5.76
Batu-Anams" Chemors Consolidateds"
51
55
66
63
Kota-Babrues Kroewoeks
Repahs
Senawange Tanah Merahs Tebongs
83
1.55-1.85 | | I am all in favour of encourag
ing the use of silver by a more rational method of selling mechani- cally manufactured articles general utility than is the custom. at present, and if by these means
56464 1.07 181
of
Colonel Willson concludes stating that he thinks that I am alone in my views that to put fourpennyworth of silver into a shilling instead of twopennyworth would be a waste of money. I can only say that I have good reason to know that this is not the case.
Yours faithfully,
E. L. FRANKLIN
114, Old Broad Street, B.0.2.
201 361
Packard Motors
Jersey
Page 15Page 16