1932-10-01 — Page 4

DAILY SHARE QUOTATIONS

HONG KONG STOCK

EXCHANGE

Buyer daiters

SHAREBROKERS'

ASSOCIATION.

FRIDAY,

SEPT. 30.

dellare Buyers

Balea

---- Banks

H.K. Banks ***** 1,605

Do. (London) *** Chartered Banks .......! Mercantile Bks. "A"

LIL

Bank of East Asia... 8

0"

171

H

Pref.

China Fin. Corp. Ord.

Do.

Ingrances

$1,375 Canton Insurance....

Underwriters **** 32.95 Union Insurances ....- $500 Chins Fires

International Assoo..

*** $870

-

| $1,410 |

$1,603

214 £22

EDI

B100

N. C. & B. Barks

$28.

Am. O. Pio. Corp:

PU

31.10

$2.95 1006

16:10

$20 H.K. Firee

$1,2 1

#4.05

Shipping

$26

Douglass wa

121

#23

Steamboats

340

Indoa (prof.)......

BS/

$32

Do. (def.)...

80%

Shella

847-

Water-boata ...

1201

Mining

321

$.8

Bangues

$18

2.P0

25%..

TI

T.31

T.S $104 18,6

20 sta.)

3145

$12.40

$200 Venezuela Gold Fil

27/6

T4

Kailang KEANE TASUMI

Langkats (sin glo)...

12.10 Explorations.

T2.30 Shanghai Loans

ex div. $191 || Raabe ...............................................

Tronoh

Mine.....

Benguet Explorations

Docks, WharTOR,

Godowns, sie.

&K Wharve: $146

Providents (old).--| 35

B.K

19.30

Do.

(new)

325

H.K

$10

38

W. Docks...

S. China Motors' ‚Á‚'

Do

"

T.90 Shanghai Docks ...

T6

12.30, 40

+

$76

New Enginearings

1990 Hongkow

Lands, Hotels, and

Buildings

BHI

M

$8.10

$2.90

€25

$10

810

1.90

T.5

A.K. Hotele (11) } +15.30] $12.40 12,30,45

Do. (new)

H.K. Lands $76

Do FOR" M

***

$13,80

HONG KONG DAILY PRESS, SATURDAY, OCTOBER 1, 1932-

MONEY AND MARKETS

MORE TROUBLE IN

LANCASHIRE.

THREAT OF ANOTHER STRIKE

THROUGH REUTER'S AGENCY.]

Loxox, Sept. 29.

THE troubles of the Lancashire

not

** cotton industry, are

over. weavers". strike comes

yet With the termination of the

definite

HONG KONG STOCK MARKET.

WEEKLY REPORT

The outstanding-feature-of-the market in the past week has been the large cash turnover and the comparatively small proportion of forward business, transacted in the lower-priced issues, thus imparting

part.

a healthier tone to markets than has been the case for sometime Substantial advances also were established in Wharves, Tele threat of a strike in the spinning phones, Electrics and Lands section of the industry.

Closing tone firm.

B

After a aix·lour conference at Manchester to-day between the ro presentatives of the cotton-apinning employers and operatives in regard to the question of a reduction of wages, the negotiations broke down:

The employers offered to reduce their demands for a wage reduc- tion and said they would accept a eut of 13.3 per cent, off the stand- ard rates, just or has been done on the manufacturing side of the industry,

The operatives refused the offer and declined to advance their con-

cession previously offered, namely to accept a redaction not exceed ing per cent or tenpence in the pound.

The employers have given notice. of a reduction of wages which will expire on October 18. The opera tives declare that they will resist.

NEW YORK STOCK EXCHANGE.

.$12{

#12.20 $77 76/781

T.341

Shanghai, Lands

---

T.10

Metropolitan Lands.

કાર્યા

H.K. Koaltica..

$10.80

DIRE

T11:40 China Do.

1.934 $10

Do.

Debentu.ca

Humphroys

$140

Asia Realtics "A"M

328

$100

Chinese Estates.......

Cotton Mills

T.14

$141/40

Ewon

T14.15T1425T14,15]

T.05

S'hai Cottons....

T.64

140

Zoong Bings nin

T19.90

#140

Wing On Textiles(8.) '$145 || $147

Public Utilition

Tramways $22 .29}

$15

Dow Jones Averages:—

Sept. Sept..

28.

$17.90

Poak Trams (old)...

Da (now)...]

Star Ferries....... $91

Yaumati Ferries(old)

Do.. (now

China Lights (old).

Do (ROW)...

$22

***

$15

091

$75

$34.15

$10.3.

$18.15

$18

$768

H.K. Electrics

..... $761

$24

Macao do.

$12

Sandakan Lights

Telophones (fully pd.)

$28

241,4

Do. (part pd.) 1914

T.10

China Busas.........

·2-

Tractions

Do.. (pref.).....

.........

14-

Industriala

Malabon Sugar...

T.14 Caldbeck, (ord.)

T.10 Macgregor prof.)

Canton Ives ་་་་་་་ Cements (comb.)... $14,80)

(old).

Do. (DOW)...

Hope! $13.20|

Constructions, (old) $6.50

Do.

520

$14.80

$12

A.O.F.C. QUOTATIONS.

New York, Sept. 20.

20. Change. 30 Industrials 73.52 71.53 1.00 down 20 Rails

33.62 31.70 02 down 20 Utilities... 32.58 31.00 .08 down

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

The market again failed to de- monstrate its ability to emerge from! the narrow trading area. Interest re- mains very small and the disappoint-. ing movement of stocks to-day. after yesterday's strength, will probably diminish active interest and keep traders on the side lines until some definite clue develops.

Business done: 1,300,000 abares.

Laat Bale. Sept. Sept.

28. 30.

Air Reduction ........ #61 Allied Chemical and

Dyo

16

$15 38

Da

$3

$13/

ki

Ch: Agrionltures, ««»

Miscellaneous

8271

$271

Dairy Farros

$27.30

$1

Der A Wing.........

$19

Amusements

$18 lex d

$134

Ch. Etsinments......

$8.70

16,70

$1.48

(LOW);

$13

$1.45

201

Lano

Crawford....

$601

331

Mackintoshe

***

1. Халунов

Tobacco...

22)

H

#121

Watsons (old) ..................

$13

American Can

50

34

312

Lo. 120)

12

$3.36

Wm. Powells

33,20)

310

M. Greyhounds......

American Telegraph &

Telephone

1142 112

53

*T5.36

United Thest6 ...............-

B. C. Enterprises...

American

Tobacco

"B"

B. Ind. G. Bonds...

63

pren. 41%

H.K, Gort. Loan... 10

Anaconda Copper Min-

$1210

Wallace Harper ---

ing

138

$10

Obina Sports Ltd....

501

$240

H.K. Wing Ou........

30

S'kai

Do.

172

LOUAJ, AND REGULAR OUTWARD MAILS,

$915

WEEK DAYS,

FUB

FAOK G.P,0.

FROM SREUNGWAM BRANCH 7.0.

FROM G.E.O.

SUNDAYE & HOLIDAY&

Prom ÜHRUNGWAN BRANCH

L.o.

Bamsbul and Wuchow (By)

direct stemmer)

**

7.15 m, &$700. 6.00 pz.7.00p.m.

4,00p.m.

Macão & Trintban

Longmoon (except Baturdays) 5.00 p.m.

Kantong (except Saturdays),

Fatban and Wuchow (3

Tai Po

Chenngehow

· Aberdeen

Stanley

Autan

ekki á Taiping

***

4.00

11.30 p.m.

Auburn Bordon Company Canadian Pacific Chrysler Motors Consolidated Gra of

New York

BUSINESS DONE DURING

THE WEEK.

Hong Kong Bank $1,805, $1,610. Canton Insurances $1,375. Union Insurances $500, $507. Hong Kong and Kowloon Wharves

-$140).

Providents (Old) 84.00. Hong Kong Hotels (Old) $12, 812), $18.60, $12.65, $12.30,

$12.40.

Hong Kong Hotels (New) $11.40. Hong Kong Landa 675, 470. Hong Kong Realties 891, $0 60, tol, $10.55, $10, $10,15, $10.60. Hong Kong Trams $20. China, Lights (Old) $18.10, $18,30,,

$15.40

Hong Kong Electrics $75, 877. Telephones (P.P.) $94, 894), 8241. Caments (Combined) 8151, 818,30. Hong Kong Ropes $131. 813.35,

$13).

Dairy Farms 827.30, $271. Hong Kong Amusements $191. International Assoc. TIs. 4.07). Ewe Cottons Tla. 14.10, Tla. 14;

Tls, 14.40.

B. Ind. G. Bonds 84 per cent.,

06 per cent. Hong Kong Government Loans 44

per cent, premium.

CLOSING QUOTATIONS

Buyers,

Wharves $146.

Hong Kong and Whampoa Docks

$20.

Star Ferries 01). A

Telephones (P.P.) '82,'' Hong Kong Rones $13).

Bolléra. Hong Kong Reties $10.40.

Sales,

A

Hong Kong, and Kowloon Wharves

$1461.

Hong Kong Ropes #13).

Nominal.

B. Ind. G8 Bonds 63 per cent.

EMPIRE TRADE-

WORK OF IMPERIAL ECONOMIC

COMMITTEE.

Londen, Auguat 24.-The twenty- sixth report of the Imperial Econo- mie Committee, published to-day (Stationery Office, price 6d.), des- cribes the constitution and work of the Committee since its inception in 1925. The report says:

£55,500,000 IN DORMANT FUNDS

COMMITTEE PLAN TO

BENEFIT EXCHEQUER

Millions of pounds lying dormant in the possession of the High Court are the subject of a report just issued by the Dormant Funds -announce that Committee, who these funds now total £65,000,000. The committee recommend that any surplus incomo derived from that part of the funds invested should in future be surrendered to the Exchequer, The surplus for 1030-31 was £35,000.

On the question whether thero should be any time limit as to the payment of interest or apital. it is mentioned that quite recently a fund was paid out of court which, by reason of the mental incapacity of the owner, had remained un- dealt with for 48 years.

GERMAN TRADE WITH RUSSIA

A STRIKING INCREASE

HEALTHY FINANCE

BRITISH TREASURY REPAY-

MENTS PRAISED BY-

FRANCE.

London, August 20.-British stock, which rosa in France on the success

Exports From the principal coun of the War Loan conversion, has. tries to Russin in the first quarter-soured-still-highon-on-the-announce of this year were na follows:- ment of the British Treasury's de

Por concision to repay on Saturday to the Millions of total Bank of France the 900,000,000 of marke. exports. francs granted in August, 1031, to Gormany. 181:4

support the £1 Great Britain... 36.7 U.S.A... Italy

France

10.5

2.70

18.5

0.8

14.8 0,6

4.8

0.07

Russia has replaced Great Britain as Germany's chief market. Ger- man exports to Great Britain total led 282,000,000 marks in the first quarter, of last year and 150,000,000 in the first quarter of the present,

German exports to Russia rose from 129,300,000 marks in the first quarter of last 181,400,000 in the first quarter of this.

year.

year

This reimbursement to the minute, coupled with that of $50,000,000 to the Federal Reserve Bank of New. York, is hailed as healthy finance, and will not only have the best possible effece on British credit, but will strengthen financial confideneo throughout the world."

Financial citelos attribute tho. re- cent weakness of the £1 to the pur chase of dollars and francs for the nurpose of this repayment (says to Reuter.) It is thought that the £1

will now probably rise again.

HELPING COMMODITIES U.S." FINANCE CORPORATION'S

..

DEVELOPMENTS,

The directors of_the_50,000,000 dollars (£10,000,000) Commodity Finance Corporation, established re- cently by 20 New York banks, have now completed details of the or ganisation.

Mortimer There were many cases, where The president, Mr.

Buckner, announces that the Car funds had been dealt with afterporation will function through its thirty years of dormancy, and in subsidiaries, the Commodity Accept some casca up to 64 years of anco Corporation, and the Com

modity Credit Corporation. dormancy; in fact, there were 1,800 accounts which had been dormant for over 80 years, and their aggre gate value was estimated at not less than £250,000.

With regard to the Land Regia- try Insurance Fund, the report states that this at the present time consists of Government stocks of the nominal value of £350,000... In view of the very faw claims against the fund; the committee recom- | mend, that the trustees of the fund should surrender to the Exchequer the whole of the fund except stocks of the actual value of £100,000,

LESS WAGES

UNREST AMONG GERMANY'S

WORKERS..

Borlin, September 15.-Working circles Arc protesting violently against the reduction of salaries by the Government and declare that the only result can be an in- crease in the number of unem. ployed and quote doctors' declara- tions that 25 per cent. of the Ger man nation is undernourished. It is feared that this percentage will increase with the reduction of sa- laries.

CALICO PRINTERS'

ASSOCIATION

£187,000 PROFIT

London; Aug. 211-The directors of the Calico Printers' Association yesterday issued a statement show- ing that the profit for the year to June 30 was £157,458, which corn, pares with a loss of 176,280 for 1980-1. The board has decided to pay the full dividend on the five per cent. preference stock, which absorbs £150,805, and to carry for

£10,478 ward

against £3,893 brought in. No dividend is to be has received none since the Ave per paid on the ordinary capital, which

Committee havo been extended to cent. paid for 1928-9. embrace subjects affecting parti-

In the scope of the Committee's activities and in the procedure fol- lowed, a constant evolution has taken place. From being confined to the consideration of the market ing of Empire foodstuffs within the United Kingdom, the duties of the

82 531

Drugs, Inc............ 30% Du Pont de Nemours 44 Eastman Kodak

Electric Bond and

Share

J

30

cular trades and industries, and to

10% complete, work

181

on which, for lack

of information, no further progress

sof could be made during the sitting of 38an Imperial Conference. In the

42 cass, for instance, of " Empire con- 641.teat" of goods qualifying for pre- ference; the Committee presented

ינ .

34 for consideration at the Ottawa

58)

.354

.IJ!

318

18) Conference. t': report setting out principles the adoption of which

18

191

(7.15 am. & § 71,00 am, & 18.00 p

General Electric 7,00p.m.

General Foods 0.00 4.00 p

General Motora (8.15 am, & (80am, & Gillette Safety

International

Harvester 201 International Tel: and-

Tol......

...... 13) Lizett and Myers

"B"

mir, 001

17.10 (1,15 pas

§ 7,80 min.

6.00p.m. 4,60 p.m.

1,15 pa Sundays 8.15 min. only 6.00 pm,

1.80 pat. Bandays

Lonly

6,00 p.

7.15 aktie

1.00 pm.

††8,00 8754

8.00 p

9.00 1.00. A

8.00 .. 100p.m. &

5.00 patte

8.00

· 14.80 p.m.

8,30 1,18.

8.00 pe

4,80 p

7,00 pan.

'TIB BO'

-- 11,00 1,13.

9.00 8.

-13:00 17 (11,00 m., $5.00 p

8.00

1100

́1,50 MAIN

----- 10,30 man

10.30 0.34.

8.00 putt

100p.m

Loew's Inc. Montgomery Ward"..."

བྷྲ ཚཚོ ཨྰ སྨ མཚོཎྜལྲ གྷ ན་ཚོགླུ་ ཐྰཀྑཨྰཿ ཨོཝཙ

17) [would, it was believed, promote Em-

EXCHANGE..

CLOSING QUOTATIONS,

September 2, 193% Os London:—

Telegraphic Transfer... 1/3) Bank Billa, on demand 1/38 Bank Billa, 4 months'

sight" ............ 1/3] Credita, ✔ months

1/41 sight Bank Bille, on demand 590 Credits, 4 months' sight '620 New YoXX:--

ON PARI:-

19piro trade. In the matter of pro-On

cedure, from taking all inquiries in

Bank Bills, on demand 2 Credits, 80 days' night $24.

20 details before the full Committee, On BOMBAY :—

through sub-committees which per ON CALCUTTA

Telegraphio Transfer ac

it has adopted a system of working

121

Telegraphio Transfer Bank, on demand

} 881

*001

mits the simultaneous prosecution of

several inquiries and at the sATED

23 321

161

10

timo ensures to the Committee full

OF

414

Bank, on demand SHANGHAI: Bank, at sight *** TOZORAKA 2 On domand ammerés

OM SINGAPORE:

.38

National Biscuit ... 433 Pacific Gas and Elec-

inc Pennsylvania Railway 201 Radio Corporation...... Sears Roebuck. „Standard Oil Cö, öf

New Jersey....

cognizance of each subject. O

- Since 1930 there has been a fur-

ather development. Under the direc-ON-MANIA On demand.

vaj

25)

314 30

Socony Tacuum Corp. 10} Union Carbidosad

Carbon Union. Pacile

United States Steel... Westinghouse E. & M.- 301

tion of an Imperial Conference it

On demand

has nominated a committee repre- BATAVIA: On demand. 864 sentative of the Governments of the ON HAIPHONG Empire and expert ssociations to On demand

Of assist in a particular inquiry This On Bardow:-On dimand

intressed flexibility in the Commite O BANGKOK :---

tep'a - procedurd has enabled it to 10. On demanty & conduct economic inquiries of a Sovannions, Bank's Buying diverse character, remitted by

24. Batens in að veruleg successive Imperial Conferences.

13/18

Its operations will be of nation- wide scope, and will include loans to mills, manufacturers, etc., for purchasing basic commodities

The Corporation itself is forbidden to purchase commodities.

At the

AMERICAN ORIENTAL FINANCE CORPORATION

through ita. Agent

Asia Lands Limited Gloucester Building

offers a

COMPLETE BROKERAGE

SERVICE

la

NEW YORK STOCKS

Fa'l and (di Lots of listed Securities bought and sold for cash or carried on conservativs margin.

Phone 28380. Cable: ASIALANDS

REPULSE BAY HOTEL

SPECIAL

DINNER

DANCE

TO-NIGHT

(Till 1 A.M.)

$6.00 PER COVER.

FOR

TABLE RESERVATIONS

PHONE 27775. '

ASSETS

£18,000,000

THE

HONGKONG & SHANGHAI HOTELS, LTD.

T APPOINTMENT

CLAIMS PAID

£40,000,00

GENERAL

ACCIDENT, FIRE & LIFE ASSURANCE CORPN,, LTD.

All Classes of INSURANCE

WORLD WIDE

ORGANISATION

AGENTS

JAMES H. BACKHOUSE

BIAROHATER ROAD.

TEL 21793.