1932-09-27 — Page 4

DAILY SHARE QUOTATIONS

·HONG KONG STOCK

EXCHANGE.

SHAREBROKERS....

ASSOCIATION.

Buyers Baller

March

MONDAY, SEPT. 26.

Buyers

Banks

H.K. Banks...... $1,95

Do. (London)...

Chartered Bank...

Mercantile Bk. A

Bank of East Asia... 8109

"0"

***

$1,005

21181

211

22

Est

Do.

B109

N. U. & 8. Barks

371

$28

Am O. Fle, Corpi M

#6

$1,00

Do

Pret.

Underwriters

++

$9.90

18

Union Insurances...

Chins Fires

$1,90H.K. Fires..

$660

International Assoo...

China Fin. Corp, Ord

Insurancss

$1,410 Canton Insurances....

-$2.95 $495

$23

$690

24.05

63/0

hipping.

Donglanca BIOME Steamboats......... Indos (prof.)1104|

Do. (def.) Sheil

Water-hoata

5142 14.80

ploration

T9.30 Shangbai Loans

$401 Raubs

Tronoh Mines

20 ote Benguet Explorations

Books, Wharves,

Godown, alo,

H.K. & K. WharvOR.

IM

T.90 Shanghai Docks ...

To

Now Engineeringe

T390 Hongkows ........................

Lands, Hotals, and

Buildings

H.K. Hotel (old)| #12.36 $12.46)

$11.30 $212

$751

194/60

$22

$13.85

Baise Womina

“29}"

#

*

$1,410

9497

$1,30

HONG KONG DAILY PRESS, TUESDAY, SEPTEMBER 27, 1932.

MONEY AND MARKETS

HONG KONG STOCK NEW YORK STOCK

MARKET.

YESTERDAY'S OFFICIAL

QUOTATIONS...

EXCHANGE.

A.O.F.C. QUOTATIONS.

Now York, Sept. 24-

Sept. Sept.

.93.

Despite its being the eve of Dow Jones Averages :— Settlement, markets yesterday con-

tinued to display renewed strength, and several issues were marked up. notably Healties, Telephones, Ropes and Watsons. The investment Rec. tion also is khowing an under- current of firmness.-

24. Change.

39 Industrials 73.09 74.83 01 up 20 Rails 38.92 30.95 73 up 20 Utilities. 32.74 33,43 .60 up.

Messrs. E. A. Fierce and Co. Report,

STABILISING. THE

YEN

FINANCE DEPARTMENT

ENQUIRES INTO

SEIYUKAI SCHEME.

NEW PAR PUZZLE,

IRISH FINANCIAL FIGURES

SUMS DUE TO U.K.

£1,761,000 OWING AT PRESENT

EMPIRE SHOP WINDOW

NEW USE FOR GAMAGES

London, Sept 6.-For maUF months since Gumagen (West Endy Ltd. closed the great shop it had built for itself at Marble Arch the- long line of shop windows has con- tinued by day and night to be a. centre of interest. More than one drapery firm from another neigh bourhood has taken the opportun- ity to all those shop windows with its most attractive wares, and the public bas never failed to be at- tracted.

The following notes on the Au ancial questions which have given rise to the so-called "economic war" between the United Kingdom and the Irish Free State are compiled by Reuter from authoritative Unit: od Kingdom information.

Although the Treaty giving the Tokyo, Sept. 10. The exchange equalisation fund system, advocat-Irish Free State the status of ed by Mr. Oguchi, a Seiyukai mem- Dominion was concluded in 1021 ber, in the recent Diet session, will it was not until 1925 that a com.

Now I hear that British Indu We think that a higher market materialise in the next ordinary prehensive financial agreement was tries House (Preliminary Ltd.) is indicated noxt week and would Rossion of the Diet, it is anticipat signed. This included a statement has arranged to acquire the whole favour the long side from the traded in many quarters. The Depart of the Free State's liability to pay building as a centre for the dis ment of Finance is now making the over to the British National Debt play and sales administration of ing standpoint.

Commissioners the land purchase British manufacturers and that it annuities which are being with is negotiating with prospective hold by Mr. de Valera at the pre- tenants. The plan is to group al- sont time on the ground that the lied industries together in separate agreement was reached behind the floors, using the basement for the backs of the Irish people by the display of furniture, the lower 'ground foor for household equip- British Treasury and Mr. Cosgrave who was head of the Free Statement, the Arst floor for textiles and! Government at that. time. There ware other balancing provisions not bearing directly on the current question, in addition to a supple mentary financial agreement con eluded later..

Business done: 1,300,000 shares. Last Sale. Sept. Sept.

24. 23. 201 $611

Anaconda Copper Min-

nteessary preparations,

The Finance authorities seem to consider that the realisation of the scheme depends largely on the atti- tude of the League of Nations on the Manchurian affair. For Japan, which does not possess overseas funds, it is difficult to adopt the 110) system unless the yon exchange -, show, an upward tendency. If the 838 Manchurian problem takes a bad turn in the Lougue of Nations, the yen is liable to be forood down to a very low level If however, the 30 League Assembly makes smooth pro

$24

Hales,

Bat-

BO-

34-

Hong Kong Bank, 81,810. Canton Insurances, 81,378,

Mining

Union Insurances, 8500.

$18

Benguets.....

12.90 Venezuela Gold Fide

$18

69,90

Hong Kong Lands, 875.

29/9

Kailans

931.

H.K Realties, 810).

T.#

(single)...

TA

T2.10

Tz

Hong Kong Trams, 899.

T.

China Lights (Old), $15.10.

Air Reduction

1401

Telephones (P.P.), 824.

16.6

F.K. Govt: Loans, 41 per cent.

Prem..

Allied Chemical and

Dyo

82

83

American Can '.......................

$141

Buyers.

American Telegraph &

Telephone

୪

114

Providents (old) ...

$4.90

$2,30

Do.

(new)...

$2.20

Hong Kong Bank, $1,605.

American

Tobacco

$95

H.K. & W. Books

"B"

#45

Union Insurnaces, 8407.

B10

£8

6. Chins Motors A

Do.

$10

"B"

$10

Underwriters, $2.85.

ing

14

1190

H.K. Steamboats, 829.

Auburn

87%

141 501

Tol

Union Waterboats, 6201.

Borden Company

31

+

Canadian Pacific

177

171

gresa,

Consolidated Gas of

New York

021

621

Druge, Inc.

481 451

Du Pont de Nemours 44

44}

Eastman Kodak

68

58)

General Electric

198

90

General Foods

301

31

General Motors International

181

18%

Harvester 27 International Tel. and

Tel. Lizzott

13

and Myers

"B"

648

001

Loew's Inc.

331

348

Pacific Gas and Elec

tric

321

32

Pennsylvania Railway, 914

211

Radio Corporation ... Sears Roebuck

10

101

23

251

Standard Oil Co. of

314 New Jersey Socony-Vacuum Corp. 108 Union Carbide and

32

Carbon

280

Union Pacifc ̈

United States Steel... 443 Westinghouse E. & M. 354

201 вод 454

36

**

Do.

(new)

€11.60

A.K. Landsca

$75

T.943

Shanghai Lopila

T.10

Metropolitan Lande..

10/10/15

H.K. Realties... $10

110.15 8.68/10.13

T11.40

China Do, .........

1.98

Do. Debentu.cs

$16

$18.80

$140

198

-$100

*NJ

Humphreys ******* Asia: Realtios"A"M

Do. "R"M

Chinese Estaion ..............

Ootton Milla

T14.16 Ewes T13.50

T.63 Shai Cottons.........

Ti1.10 Zoong Singa .........

Wing On Textiles(5.)

Pabllo Wilities

Trainways.........

TEL

T10.90

$145

$152

$21.00

822

...w

$18

Funk Trama (old) .....}

$151

18

Do (now).

$72.

Star Ferrics

$35

Yaumati Ferries (old)

Do.

(now!

China Lights (old)... $19

Do. (new)... 817

$751

H.K. Electrica $743

$75

124

Масло

до

112

Sandakan Lights ...

328- Telephones (fully pd.)

Tio.

26-

14/

1974 Maisbon Sugaru

T.14 Caldbock,

T.10 Macgregors prof.)

કર ઠાક

(part pd.)].23

Buzos MICH

Tractions

Do.

(prof.)......

Industrial

Jord

36

Canton Ives

$15.10

$157.20

$11

Do

$31

Cements (comb.)... $15

(old)... (a)

$15.20 $36.25

1.9 13

$12

Ropes

$121

$101

Ch: Agricultures Miscellaneous

$271 Bairy Farmin

$10

$13)

36.30

$1.40

10.35

$15

312

Der A Wing........

*Amusemente

Ch. Etainmente................ Constructions, (old)

(DOW)

-Do Lane Crawfords...

Mackintoshsa, Nauyang Tobacco Sinceres Watsony (old)

Do. (now)

$3.36 Wro. Powell

H. C. Enterprises ...

$10

M. Greyhounds...

United Theatres.......

***

65%.

B. Ind. G. Bonda...

$6.53

prem. H.K. Govt Lana... $10

$19.00 Wallace Barper

•

$10 China Sports Ltd...

$240 H.K. Wing On

***

&'haf

Do

2835 $215

17.30

50t

$1.1

$1.45

r

($16.80)

$13

LOCAL, AND REGULAR OUTWARD MAILS,

Janton

SUNDAYE & HOLIDAYS

H.K. K. Wharves,' 8142. Providents (Old),, 84.80.”. H.K. Hotels (Old), 812.35. H.K. Hotels New), #113, Hong Kong Lands, 875. B.K. Realtics, 810.40. Hong Kong Trams, $22. Star Ferries, 2011. Taumati Ferries (New), 834. China Lights (Old), 818... China Lights (New), 8171.

H.E. Electrics, `875). Telephones (P.P.), 8241. Cements (Combined), $15. Hong Kong Ropes, 812

Watsons (Old), 8127.

Lane, Crawforda. 85). United Theatres, Tls. 5.35. Constructions (Old), 80,30.

Bellera,

Douglases, $26. Hong Kong Landa, 875). Cementa (Comb), 815,10, H.K. Amusements, $10,

ENGLAND'S MEAT

SHARPLY

The United Kingdom Govern

and the exchange quotation ment holds that the land annuities stabilises at a point that reflects are debts owing by the Irish ten- the true strength of Japan's inter-ants to the British Treasury which national accounts, the equalisation advanced the money, and that the fund system will materialise with Free State Government has no right to retain them as is being done at out much difficulty.

the present time. There is quarrel with the Irish tenants who are paying over the Money to the Irish Free State Government in ac cordance with the original machin cry.

The Dlificulty.

no

The United Kingdom further.

To establish the system it is no- 231cessary first to determine the true valua of the pen. The exchange 14 stabilisation point by which is meant the level at which Japan should remove the gold embargo claims that it has had the most must be fixed at a point a little formal and explicit undertakings lower than the actual value. It is from the Free State in the past caningless to adopt the exchange that the annuities would be passed equalisation scheme, as advocated on without interruption: conse by Mr. Oguchi, without fting the quently, that in accordance with exchange stabilisation point. To ordinary Governmental practice the explain in a more concrete form, if payments should be made whatever 10 the real value of the yen is 930, administration is in power.

the new par must be at about 823.

Other annual payments between

It then becoincs necessary to fix the two countries are also now in

the scope of the exchange equalian-dispute. Following is the com tion fund aysian Mr. Takahashi, plete list giving, respectively, the Minister of Finance, and Mr. Hori-item, annual payment, number of And approximate kiri, Parliamentary Under Seere years to run

Land, purchase annuities; EMPIRE'S SMALL SHARE OF U.S. STOCK MARKET RISES tary of Financa, are not opposed capital value (`--

to the purchase of gold produced in SUPPLIES

Japan, to be held in the country, £2,060,000; The land purchase acts but the Seiyuki additionally de-do not specify the periods of pay- mands the purchase of foreign cur.ment of the ammuities, which de rency funds At present Japan pend on the rates at which the ships the bullion produced and Sinking Fund Payments accumu late. The average annuity would purchased hers. It is dubious if run for between 60 and 70 years Japan's international accounts will from the date of the correspond. improve to such an extent as willing advance, which would have been made at any time between 1891 and

The small share of the total im- ports of meat into the United! Kingdom at present enjoyed by Empire countries is brought out in the latest Survey of the Empire Marketing Board.

The Empire contains more than one-third of the world's sheep and 40 per cent. of its cattle, but only 4 per cent. of ita pigs.

NEW CONFIDENCE APPEARS IN BIG TRADING DAY IN

NEW YORK.,

enable har

har to buy foreign currency. 1033)ultanding in the Irish Free

Blow to Foreign Banks,

Now, York, Sept. 21.-Prices of securities on the New York stock and curb exchanges hounded up- ward today in the most marked advance for two weeks, and com- As regards the amount of gold bullion which the Government can There are imported 400,000 to modities followed suit,

Numerous stock market leaders buy each year ander the exchange 500,000 tons annually of chilled

seven points, equalisation fund scheme, the De beef. Mutton is imported to the gained from five to amount of 2,000,000 cwts, annually, cotton soared more than 82,60 apartment of Finance some time ago Foreiga imports of lamb have in- bale, wheat jumped 2 cents a obtained an approximate estimate creased and are now 32 per cent bushel and sugar was somewhat from miners. According to this es timate, the Government can buy up higher. of the total. They were 3 per

Stock exchange sales, for the day, 10,000 kawn or at par of exchange The New Zealand cent. th 1026; imports have increased, and are exocoded more than 4,000,000 shares, Y50,000,000. If Japan plans re- more than half of the total and all groups participated in the mosing the gold embargo within

-Imports of bacon from outaikla

dve or six years, she may in the meantime increase her gold holding by about Y300,000,000,

so on.

The Dominions, it is stated, would occupy space on the ground floor and the fine windows available in turn to exhibitors or groups in. all sections, could also be used for- special display weeks.

EXCHANGE.

CLOSING QUOTATIONS.

September 28, 1838... OX LONDON:-

Telegraphie Transfor..... 1/8} Bank Bills, on demand 1/3E Bank Billa, 4 months'

rightonna 1/4 Credits, 4 months'

might...

ON PARIS:

1/41:

Bank Bills, on demand 355 Credita, months' sight 615 Or NEW YORK

Bank Billa, on demand 21; Credits, 60 days' night. 24 ON BOMBAY :-

Telegraphic Transfor Bank, on demand D#: Caloutta :--:

Telegraphic Transfer. Bank, on demand ...

"

O

Bank, at sight'

BRANGHAT

ON YOKOHAMA :--

On demand.

1674

ON MARIA-On demand... 451

ON SINGAPORE:

On demand.............

ON BATATIA:-On demand; 671

O

HAIPHONG:

O

BAIGON: Ou duhand

On demand.

On Bandrox

On demand * 140 SorEERIGK, Bank's Buying

·Bata int

BAR SILVER, per a

174 17

AMERICAN ORIENTAL FINANCE CORPORATION

through its Agent

Asia Lands Limited

Gloucester Building

offers a

COMPLETE BROKERAGE

SERVICE

in

NEW YORK STOCKS

Fall and Oda. Lots of lated- Eseurities” bought and sold for ossh or carried on conservatīva margin.

Phone 28388. Cable: ASTALANDS

recover much

Unable to meet her whole

State of which these annuities are in repayment, was” about 289,500,000. Against this Sinking. Fund payments have accumulated Excess Stock and Bonus Stock to approximately $13,500,000, Annuity; £134,500; The period will correspond to that of the pay- ment of the land annuities (Bee above); The annuity represents about 18 per cent of the service of the Excess Stock and Bonus Block (about 230,000,000) attribut able to the Irish State.

Local Loans Funds; £600,000; 20 years from 1028; Louns ontetand- the Empire are increasing. They advance, with rails, steels, utili

ing in the Irish Free State on Warks Annuities (1) egraph average well over 400,000 tons an- ties, farm implements, and chemie

Fury 31, 1924 were £10,343,000

nually. Ninety per cent of the

Aots; £15,850 (diminishing to als especially spectacular. imports of bacon and ham were of

The Government will have to £1,000 in 1837); Until 1942; The foreign origin; 70 per cent, of the United States Steel cormon one (7.167.00am & bacon from Denmark and 80 per of the bell wethers, leaped 77/8 create special account in the capital debt on April 1, 1922, was demand, with domestic productida

2281,000 of which about 260,000 is

Germany imports a substantial (8.00 pm

17.00 p.. cent of the hams from the United points at the bury session to close State tresmiry. If the bullion is still outstanding. (2) Public Offices

States.ANA

at 45 Union, Pacifio railway 4.00 p

9,00 8.20.

Until 1983; The original capital European countries. Over a million cuts of canned soared 7 8/8 to 50, American Can bought at Y10 per momme, the Go Site (Dublin) Act, 1903, £13,300 quantity from Italy and other meat come in annually, 70 per cent rosa 63 points to finish at 571, and verument will sell to the Bank of advanced, was £235,000, and will be (8.15 am, &) (8,90 am, a

Left prae

from the Argentine and Uruguay American Telephone and Telegraph Japan at Y, the balance being completely repaid by the final pay tempted Japanese manufacturers, and 8 per cent, from the United surged upward 8 pointe from loaned at the Bank for account of ment in 1833. (3) Railways (Iro who have lest their China market, States Empire countries only yesterday's close and was quoted the squalisation scheme. The ques- land) Act, 1990, and Marine Worke to approach German merchants,

tion then arises na to the disposal (Ireland) Act, 1902, £6,060 (Dimin send 4 per cent.

at 110 when the session ended.

Raw sugar futures were firm, of such loans, The Finance authorishing); Until 1050; The origina The home farmer produces about half of the beef supplies and about two to five points higher, with rities consider it proper for the capital advanced was £552,000, of the Teikoku Rayon Company sent 48 per cent, of the mutton and 25,250 tons sold. Cotton rose from Bank of Japan to forego any which £28,106, in., 4. is outstand samples to Germany. These sam

55 to 60 points for future delivery terest as it is the Bank's mission to

ing.

ples were found, satisfactory; and While 5,000,000 cwts, of pork are September, wheat closed at 521 on increase the gold reserve. If, how- produced at home, the import the Chicago market, as compared to ever, the Bank of Japan insists on

trial orders for about 300 bazen 49 1/8 yesterday.

charging interest, the Government figure is more than double.

each were received for 120 denier With regard to Ireland it is stat The advance which started in will order the Bank to transfor its

and marser yarn. These shipments ed that nearly 30 per cent of the June and resulted in doubling and profit, through the re-valuation of

will be made, shortlyne total export trade of the Free tripling quoted prices of many thegold holding to the State trea State is provided by the trade in stock market leaders, reached-its, sury DANA

German product costs Y125 for live cattle, which is conducted a high point on Sept. 8 and since When the exchange, equalisation

üler): but, fa most solely with the United King the market has been slowly but scheme is adopted, it will become donu"

steadily declining, with one rally necessary to exercise complete con Japanese rayon manufacturers turers,, after paying

ceded in ening & During the

áltyfod 10/

trol of the exchange business. For have now suc

icnlarly can supply it-at-about £14,000,000 Fara credited for to-day's rise that purpose it is suggested that, the market. It

were mostly of a minor character, Department of Finance should Germany

#pari

market The Free State is also shown as the advance being largely a refied that all exchange transactions are can establi

there'

Sven does not the second lexporting country of tion of renewed optimiem regard., confined to the Bank of Japan

Japan Ukron

Prusinned as feet of mass.columa.) orders. pigs.

ing the business outlook,

WEEE DAYS.

FUR

FROM G.P.O.

FROM BHRINGWAM

·DMANÓN P,0.).

FRON G.P.O.

FAOK SHRUNGWAN BRAKONE

PO

Bamshui and Wuchow (By)

direct steamer)

(7.18 ..&{ 7.00 130, {6.00 pad

17.00 pm

4,00 p.m. 4.00 $200,

[ 7,15 am, &) ƒ 7,80 Km 21.18 p.m.

Bundays

5.00 pm.

1.80 p.m.

6,00 pm.

6.00 p.m.

8.30 only 6.00 patie

- 6:00 p.m..

7.15 an

|: 11,00 am).

9,00 m,

Mano & Trinaban

ር!

Xongmoon (ezorpt Satur taya) Kaukong (accept Eaturdays).

Fatehan and Wuchów

Train)

Tal Po

Shamchun

Cheungehov

17.15 m.pl/1

∙1,00-p €9,00 am. à † 2.00 pm. 19.00 mm. & 18.00 pm,

1,00p.m. & 16.00 p.m.

1,000 -12.30 p.m. “8.30 #05)*

·8,00 paste

400 PDB

Bandays 8.16 am. only 5.00 PR

11.00 20: (11,000. 15.00 pm.

8,00 m 11.00

10:30 8.01.

ماكتم 1.90)

-per-ann

NEW RAYON MARKET

JAPANESE MANUFACTURERS GET GERMAN ORDERS.

are

This fact

The Toyo Rayon Company and

duty

oonident they can

apas

they

more