1932-09-13 — Page 4

23743

CENTRAL RADIO

SERVICE

KING'S BLOG (Opp Shoe Ferry

RADIO EXPERTS-WORK GUARANTEED

For TONE.

QUALITY

BEAUTY,

JAPANESE SHIPPING

POLICY.

STATE AID, AND SCRAPP. ING OF OLD VESSELS.

Tokyo. Now that the Ship İm- provement Bill, together with the relief measures budget, has been carried unanimously by the House of Representatives, it is considered certain that the House of Peers will approve them unconditionally.

Organising the Olaims.

HONG KONG DAILY PRESS, TUESDAY, SEPTEMBER 13, 1932.

[28. 15:

[TDO

2575

まんまま

Money and Markets

4.0.FC. Average of Shanghai Stocks

[10.00

EN.10

(16,21)

{16.00)

REPRESE NEWIVE

STORLE

|PILIS]

15.00

ZATE

It

14.00

[427]

Mr. Kurokawa, chairman of the Japan Shipowners!, Association, re- cently visited the Department of Communications and discussed the practical measures to be taken by shipowners and ahipbuilders. was then suggested that shipowners and shipbuilders, according to their original programme, should create a special organ so as to expedite the scrapping of old vessels and the

DURABILITY, building of new vessels.

obtain the

MORRISON

PIANO

(Guaranteed ten years)

FOR SALE OR HIRE

at

TSANG FOOK PIANO COMPANY,

8, Des Voeux Road, Central (Entrance Ice House Street) Telephone 24648,

AMERICAN-ORIENTAL

FINANCE CORPORATION

Agents in Hong Kong -

Asia Lands Limited.

Gloucester Building. Telophone 28820.

A preliminary meeting was then

Mr. held by

Kurokawa, Mr. Inaoka, chairman of the Ship- builders' Association, and other re- presentative shipping men with re- gard to the establishment of this concern. The matter will be form- ally discussed by the Japan Ship- owners Association and Shipbuild- cra' Association.

Big Lines Benoating.

Last

1031

-1600

–97.10

11.50

DAILY SHARE QUOTATIONS

·HONG KONG STOCK EXCHANGE.

SHAREBROKERS ASSOCIATION.

Buyer Balers Balos Nemia

MONDAY, SEPT. 12.

Murc

Bellere

1600

137

$2,80 #485

!!!!!!!!!!

............$1,875

Banks

H.K. Banks

Do. (London). Chartered Banks Mercantile Bka "A" "O" Do.

Bank of East Asia...

Do.

Inssrancos

Bale #omina

$1.470

$1,080

$1,080

·£1154 £14 $2%

£zl

***

$100

108

N. O. & 8. Hanks ... 37.

$28

Am. O. Fin. Corp: M

30

China Fiu. Corp. Urd,

81.80

Pret.

11

$1,410

Canton InsuTNIEČ50, - Underwriters

13

$480)

Unins Fires

1090

3650

$1,200

***

$16

345

$31

Do. (def.)

51/201 Water-hoata

Stelle *****61**

$201

Mining

28120

√2:140

$17

217.13)

[F1.95)

дал

[21.25)

CLOSED

-11.76

(0.10

また酢

어

110.71

20.50

[202]

|20.90)

[1426)

week's

and

#casion

of

were

over

Union Insurances

H.K. Fires

International Assce.. Shipping

Dougisses****** Steamboate Indos (pref.)

⠀ ⠀ ⠀ ⠀ * .

14

$1,800-

$24

199

65/

80%- 61/3

$20

T.9

T.S સામ

18,0

Benguets............--| $18,75| Venezuela Gold Fide. 1g vo

Kailans

Langkats (single)...

12.10 Explorations........

T30 Loans.

848 Tronok Mines

Benguet Explorations

Docks, Waartes,

Godowns, etc. H.K. & K. Wharvem. $138

Providi nts (old)

H.K. W. Docks

S. China Alators A

Do.

Shanghai Docks

***$4.85

Do. (ue)...

20 cts.

$140

**

$4.80

$9.30

325

10

"B"

38

*1.87

T.B

New Engineerings

7.216 Hongkew# RT.

Lands, Hotels, and

Was

$10.00

$10.60

$10.20

$75

A Liberal Subsidy. The Government plan, as already

the little business was actually trans- fhe Yuentong markets were very nated, features the scrapping of Shanghai Stock Exchange proved acted, but a noticeable advance in satisfactory and silk active and

Cottou 400.000 tons of superannuated ships to be extremely dull. Very small

rapidly advancing. and the building of 200,000 tons of turnovers, with complete lack of prices was inade,

Otherwise, Shanghai Lands re- firmi but yarns were weak with little new vessela a replacement. In the intercet on the part of the invest- first year 100,000 tons will be brokening public

little interest ninined at 21.75 cash, and Septem- prospect for improvement in the up and 50.000 tons built. The Gay among speculators, have caused ernment will grant a subsidy of Yoo pricce to remain at a standstill ber buyers and sellers at 25. China near future.

Realliés

dull throughout The outlook for the Shanghai 1 ner ton, and, for vessels convertible with a slight inclination toward

Intascos started the week fraly. Stock Exchange centers mainly Uneasiness

tho into cruisers, Y55 per too.

the downward side. over the local Sino-Japanese situa4.75 cash and 4.29 September, but around the uneasiness tion was the main disturbing factor weakened up towards the end, local Sino-Japanese misunderstand- both in the line if instilling lack of closing at 4.05 September, with ings. Talk of a crisis precipitat Bollers at 4.15. Ewos changed ing in the near future is putting confidence and contributing to the hands considerably and were one everyone on guard, with banks an- tight money situation.

of the most popular issues, Saturxious to keep their investments in The August Settlement, on Tuesday they were quoted at 14.10 XD liquid form. curtailing credit faci T13,85

Onlities, and the general public not day, was put through very quietly bid and 14.30 XD asked. with no difficulty whatever. Bus ness was completed by noon and some trading, with Ewos outstand. ing in demand, was tranencted in the afternoon. The rest of the days proved very uneventful, with the exception of a rise in interest over mbbor issues. An advance in raw rubber stimulated the rubber

and market

A strong demand developed. Sellers, however, held their ground with the result that

It is stated that the Nippon Yusen Kaisha wishes to scrap four 10,000 touners at present on ita New York Line. the Osaka Shosen Kai- sba two 6.000 tonners on its Dairen service, the Mitsui Shipping De partment two 10,000 tonners on its New York Line and the Kawasaki Kison Kaisha two 10.000 tonners on its New York service. These plans alone already make a total of nearly 100,000 tons.

It is remarkable that whereas it was stated that non-liner concerns alone would benefit by the now scheme so many big lines should try to take the lead in the breaking

up.

TARZAN

IS COMING

COLLAPSIBLE SILK LAMP SHADES

very convenient for Export.

The B-B-C-Company

bave recently produced many Collapsible Silk Lamp Shades.

Your Inspection Cordially Invited. 13, Ice House Street.

HONG KONG STOCK MARKET.

YESTERDAY'S OFFICIAL

QUOTATIONS.

A fair all-round demand for scrip

Monday, however, they fell off to daring to inake commitments. In 14.10 done in cash with further in-view of these facts, no immediato torest lagging. Some encourage improvement is indicated and the ment came from the Piece Goode dull, slightly declining market, in market with a definitely improved expected to continue until some tendency noticeable, expecially in thing definitely encouraging comes the line of woollen clearancea about.

Aug. 31, 1932-20.53

High for 1001-32 Low for 13-38

Sept. 10, 1931-28.08

July 12, 1932---10.99 Sept. 6, 1932-20.70

YOKOHAMA SPECIE BANK.

BIG PROFIT FOR HALF. YEAR,

The

however, these existing flatures will

be entitled to carry on permanent- ly, even if their praduction capa city does not reach the legal limit. The new restriction will thus be applied to new filatures alone,

From the spirit of the Bill, which aims at control of the silk reeling management of the local industry, the above amendment at the opening led to a general up-branch of the Yokohama Specie means an emasculation naya the ward movement, specially in the Bank are in receipt of a cablegram Asahi. It will be welcomed by lower-priced issues, and China from their head office to the effect small filatures but not by large Lights, Cements and Hotels were that, at the 105th half-yearly ordin operators. The Department of Agri- quoted substantially higher at theary general meeting of the share culture and Forestry is naturally holders held at Tokohama on the greatly dissatisfied with the amend 10th inst., a net profit of Yen ment. 11,227,202.81 was shown, including The Central Bilkmen's Associa Yen 4,877,876.87 carried over from tion is satisfied with the passage of last account.

the Bill, though with the amend

afternoon session..

Sales.

Phone 25122.

H.K. Hotels (Old), 810.05.

Buyers.

GLOUCESTER BUILDING

(THE HONGKONG LAND INVESTMENT CO., LTD.)

Hongkong's

Fashionable

Rendezvous

Old English

Bar Overlooking the Harbour

.MORNING COFFEE AND AFTERNOON TEA SERVED

IN THE AIRY LOUNGE ON 8th FLOOR:

SPACIOUS DINING ROOM OPEN TO THE GENERAL

ALL MEALS. PUBLIC FOR

DELIGHTFULLY COOL DISTINCTIVE APPOINTMENTS.

Single Rooms, Double Rooms and Suites, all with Private Bathrooms by the day or month. With or without Board.

Entertain Your Friends

in the cool of the

Evening on the

Gloucester Terrace

far above the City's

Heat and Noise.

Tel. 28123.

Cable Address GLOUCESTER."

PL NEWMAN,

unager.

Hong Kong Bank, 81,580. Union Insurances, $485. Underwriters, $2.80. International Assce, Tis. 4. H.K. Steamboats, 922). Union Waterbeats, 820). Benguet Consolidated, 817. Venz: Goldfields, 82. Providente (Old), 84.80. H.K. Hotels (Old), $10.60. H.K. Hotels (New), 810.20. Hong Kong Lands; $75. Ewo, Cottons, The 13.852 Wing On Textiles (Shanghai),

8141.

Hong Kong Trams, 8214. Peak Trama (Old), 8154, Peak Trams (New), #7). China Lights (Old), $16.55. China Lights (New), $10. Hong Kong Electrics, $74. Malabon Sugars, 897, Cements (Combined), 814.20. Cements (Old), 810j.. Lane, Crawfords, $5.40. United Theatres, Tls 5.35. Constructions (Old), 80}.. H.K. Govt. Loane, 4 per cent

Prem,

Sellers.

Providente, (New), 82.30. Star Ferries, 892. Telephones (P.P.), BLIA,

↓

It was resolved to make the fol-mont, because it is better than lowing allocations:--

To Reserve Fund... Y.1,150,000.00 Divident of 10

per cent p.4.

(for the half- year ended 30th

June 1932)...

5,000,000.00

To be carried for

ward to next account ..... 5,077,292.31

Y.11,227,292.81

JAPANESE SILK REELERS' BILL.

BEIYUKAI AMENDMENT SAVES SMALL MEN FROM EXTINCTION.

Tokyo. The

Bill.

T

Buildings

H.K. Hotels (old) $10.00 $10.70 #10.85

T24) Shanghai Lands ...]

H.K. Healties........

Debentures

Humphreys

$9.00

223

310

$10

7.86.

T.01

9.10

**

$16.20

Do.

(new) $1.08

$10.20

H.K. Landa

376 $751

***

TJ

Metropolitan Lande,

k

T11.40 Chins Do,

1.50% Do

4.

$140

Asia Resitles "A"

108

Do.

$100

Chinese Estates,..........

Cotton Mills

Ewos... T13,60 T13.80 T13.90

T.68

***

T11.30

479

$21.60 $21.90 $91.80

12

$154

191

136

316.05

$141

8914

$169

$71

$92

$10.10

374

In

Tea Shai Coltoa.........

T11.10 Zoong Singe

Wing On Textiles(9.}} $142

Pabllo Utilitise

Tramways

Peak Trams (old),

Av Do, i

Star Ferries

(new)...

1251 Yaumati Ferries (old)

$34

***

·Do (now

Chinn Lights (old).....} #16

$154

Do.

(new)...

H.K. Electrica

$74

$24

Macao do

$12

$211

14/-

$27

H

T.14

Caldbeck,

Canton leer kogter

$13.60

13.60,00

***

$97 $31

(old)...

***

Sandakan Lights...

308 Telephones (fully pd.)

442

Do. (part pd.) #21.70 $21.78] #21,8- Chins Buses

Tractions............

Do. (pref.)ko

Intuairials

Malabon Sugars

T.101 Macgregor

Cements (comb.)... $13.65

Do.

Do. (now)...

$12.08 Ropes moni

Ch: Agricultures ...

Miscellaneou

$10

3271 Dairy Farma

Der & Wings....

$20.10 Amusement. ....... $18

Ch.. Etainment...

Constructions, (old) 38.86

Do, (DOW) $1,4

$10

$12

1971

$19.95

$13

$81

31.70

35.40

#21

Lane Crawford.....$5.60 Mackintosha

Nanyang Tobacco... $41

$16

Sincere a

31%

Watsons (old)'...]

$12

512

Do. (new)****

$124

$9.36

WELL Powells

$10

381

nover. The Government, it argues. 5.35 should endeavour to control the industry by popularising common provisions.

EXCHANGE.

CLOSING QUOTATIONS.

September 12, 1032, ON LONDON:—.

Telegraphic Transfor..... 1/43. Bank Billa, on demand 1/4 Bank Bills, 4 months'

Light

--Credits,

sight

ON PARE

.....

months”.

1/6

Bank Bills, on demand 69% Credits, 4 months' aight 637 ON NEW YORK:-

Bank Billa, on demand 238 Oredita, 60 days' sight. 24j ON BOMBAY

Telegraphic Transfer 89

Bank, on demand"..." OMLUUTTA:

United Thostren ......

M. Greyhounds.......

. C. Enterprises ....

Bu, B. Ind. G& Bonds... 63. H.B. Gort, Loan... $103

$12.00 Wallace Harper

prem

$10

China Sports Ltd....

$240

H.K. Wing On $285 S'hai

Do. ......$15

LOCAJ, AND REGULAR OUTWARD-MAILS,

Hace & Taken

Frox

6,00p.m.

8,16 km2 only

WEEE DATE,

SUNDAYS & HOLIDAYS

Q.P.O.

Thom SEMUNGWAN BLANO PO.

FROM G.P.O.

Frox SEIUNGWAN

BRAMON

2.0,

Lanton

§ 7,15 am. d (7.00 mm. £0.00 pm

17.00 pm

(7,15 m & ƒ 7,00 am, & 8.00pm. 17.00pm

Famshal and Wachow (By)

direct steamer)

4.00 p.m.

4.00 p

5,00 gule

0.0000

(8.16 mm. &) [8.90 moto's

1.15 pm

1.00 pm

(7.16 5.2. &) [ 7.80

3,16 p

*Sundays

Brzdays

Jongmoon (except Saturdays) 6.00 p.zó,

Kaukong (except Saturdays). Fatahan and Wnchow (By)

Temin)

(1.80p.m

8.00 p.m.

5.2013

Lonly s

5,00 pas

8.00 p

6.00

7,15.12.

7.10.

Bank, at night

.. 75

Tai O

1.00

(9,00 am, d

11.00 9,00a.m.

O

YOKOHAMĄ 2----

Tai Fo

On Maria-On demand........ 483

On demand og 15:

Shumchun

11.00 (11:00

Cheungebow

their business only for ten years, Boyars, Bank”Buying after the promulgation of a law,

1. On demand.............. 579. This excision of the extensión O BATAVIA:~On demand. 59) clause is an important amendment Ox Hair or In the original Bill all existing On demand filatures with kettled less than 160 ON BAIGON:--On demand... in number (100 in case of guild | On BaxoxOK:—— Alatures) are allowed-to-caITY-OD-

8.00

Aberdeen

594

Stanley' Ántas

13,80 p.m.

8.30 KM,

180 AM,

Pingabank Bantin

3,00 p

10.30 ani,

On demand

1381

* Bellkung wal

1/4

With the extension clause deleted, Bar SILVER. Dar de . 18)

Sista, Brekkt à. Taiping

Government providing for the silk reeling busiÓN ness has been approved by the! Special Committee of the House of Representatives with some amend ment as suggested by the Seiyukai. This amendment contains a deletion

Telegraphie Transfer Bank, on demand...

ON SHANGHAI :-----

of the ten years extension period ON SINGAPORE:

which constitutes the by-law... ⠀

18.00 pe

0.00 1200p 1,00

Pallia

15,00 pm

·7.00 F

&5.00 pm.

8,000

£100m

£1030

7,00