1932-10-11 — Page 4

DAILY SHARE QUOTATIONS

HONG KONG STOCK

EXCHANGE.

Buyers Bellere

Linum qui ning muuing. Rum tenunan

SHAREBROKERS

ASSOCIATION.

SATURDAY,

Baise Nominal

Buyers

Ballere

Sales

ост. 8.

Banks

H.K. Banks

*** $1,005

Do. (London) ...

Chartered Banks

Mercantile Bks,

Do.

狐

*

Bank of East Asin.....] #108

Am.0. Fin.Corp

M

$1,375 Canton"Livurandos,

£113 £14

£22

$109

N. O. & S. Barks ... 371

$28

***

$0

China Fin. Corp. ord.

$1.00

Do.

Pret

:

8010

$820

Underwriter -----|| $2.96 Union Insurances... $305 Chine Fires

$870 $1,200 H.K. Firen............ 14.05 International Assoo..

$1,470

Shipping

-3241

Douglanda

$93

Steamboata

$45

Indos (pret.)

i3a

Do. (def.)

61/3

Shail

Water-bosta

B0/- 54- $23

Mining

$181

$18

$9.00 Venezuela Gold Fids.

25/ Kallana

$2.99 95/.

7:4

Langksts (win gle)......|

T.

Te20

Loans

140

T.ti

8401 18.6

Benguet............

T10 Explorations.....

Tronoh Mine .....

Benguet Explorations

Docks, Whares,

Godowna, sta.

Landă, Hotels, and

Buildings

HONG KONG DAILY PRESS, TUESDAY, OCTOBER 11, 1932.

MONEY AND MARKETS

WORLD EQUIPPED FOR WEALTH

TRADE SLUMP MARKED BY SHARP ECONOMIES

HOARDED FUNDS NOW AWAIT REINVESTMENT

Inflation No Remedy.

INDIA WOOL NEEDS land's trade position in a healthy

SCHEME FOR IMPROVEMENT

OF YIELD

Mr. Bruen's schema is estimated to east Rs.53,950. spread over a period of 10 years, during which

NEW ZEALAND'S, EXCESS OF EXPORTS:

£10,317,563 FOR 9 MONTHS

Auckland, N.Z.That New Zea

stato is indiunted by the returns of exports and imports now com- ing to hand for the son just ¦ closing. It is estimated that ex- port of diary produce will show an increase in volume of well over 5 per cent, on the previous year's re- cord figures. Exports of fruit have. increased over 30 per cent, and the estimated inbrease in frozen mutton and lamb is about 20 per seat.

EXCHANGE. CLOSING QUOTATIONE

October 8, 1991.

On London:-

On

Telegraphic Transfer... 1/31 Bank Bilis, on demand 1/3) Bank Bills, 4 months'

Oredite,

sight

right Panin:—

on 3/4 months'

Bank Bills, on demand på j Credits, 4 months' sighị 8,24 On Naw YóKK:--:

jour

Bank Bills, on demand 191 Oradita, 60 days" night, 13j Ox BOMBAY :-

Telegraphic Transfer Bank, on demand ·... ON CALOUTTA --

Tolegraphic Transier

Bank, ca demand SHANGHAL:-

Bank, at sight....

On demand

April was On YoKomaMA:—

a)

On Marita-On demand........ 45j' ON SINGAPOR

5

On demand...

On Batavia:-On demand. 201 ON HAIPHON

On demand

Che Saigon:-On demand Or BaxoKOK:---

Bombay-How the wool indus try in India may be brought to The reports and papers in the

such a pitch as, to supply India's needs is the question Mr. E. J. publications of the various banking

This should be read in connection Bruen, livestock expert to the Gov-For the first gine months of the establishmenta especially горду

with a speech by Maj. Albert Parrnment of Bombay, has been ask present season of production the perusad at this time. Thus the

ing himself for some time. He has excess of exporta from New ZeaON to the shareholders of the Contin- | conducted a good deal of research and was valued at £10,017,583. $1,30 Westminster Bank deals with the

forthcoming World Economic Con- patal and Industrial Trust. He into the matter, and has now pre. The access of exports ference. The failure of that congreed that a rise in commodity sented a concrete scheme for ex- the highest for that month for perimental work, which has receiv- many years. A pleasing feature of ference would be lamentable--ite Prices is desirable, but he rejected ed the approval of the Bombay trade in New Zealand at the mo would have incalculable any policy of raising them by a Provincial Council of Agricultural ment is the large increase in the considerable general inflation The Research. The Imperial Council amount of business in radio sets of value. For never was the world ordinary factor of supply and do of Agricultural Research may now British manufacture British manu- better equipped to produce wealth mand will, in the end, bring things

take it up.

than at the present time.

to the right level. But he was not The extraordinary progress that anxious for a return to the 1928 was marked in the years preceding basis, for "necessity has led to the crisis are shown by some strik-

such economics in production costs ing figures. The world's production that commoditics can now be pro- of steel increased between 1924 and duced at prices which would have 1929 by 4 per cent; of copper by | been considered impossible a few per cont; of lead by 22 per cent; | years ago.” The visible stocks of of tin by 20 per cent; of wool by commodities are still high, but there 20 per cent, and of rubber by 103 are practically no stocks in retai- per cent.

lers' hands in any country. With the necessary slowing up of produc. bien, traders and retailers will again buy and there will be a com- plete readjustment.

$10 $10 T.9

T.&!

H.K. Hotel (old) | #19.10] $12,26| 12/19.10

Do. (new)

#11.70

"In the same period," the ar ticle continues," the output of the manufacturing industries in the United States rose by 20 per cent; in Canada by 63 per sent; in Japan by 44 per cent, and in France by 27 per cent. Even in the countries' whose post-war economic situation has left something to be desired, conditions were anything but un progressive. In Germany, the out put of manufactured articles rosa $15.80 by 42 per cent; in Great Britain

the increase was 16 per cent."

II.K. & K. Wharvem.

மகும்

$146

Providents (ald) ... $4.85

$4.00

19.30

Do. (new)...

$2.20

128

H.R. & W. Docke

$20

Bro

S. China Motors 'A'

18

Do.

"B"

7.

Shanghai Docks

***

T.SI

New Engineerings

T.120

Hongkews -onna

**

12.20/

$112

T.23

Stanghai Lands

Tio

Metropolitan Lands..

$10

H.K. Realties.......$9.08

T11.40 Chas Do

Do Dobeatu ca

815

$140

329

Azia Itealtion “A”M

Do.

"M

$100

Chinese Estates .....

Cotton Mills

T14,80

T14.70

|TI 4,858)T14.75|

T.601

+4

B

H.K. Landa

Humphroge

***

***

T.68 T.101

$148

$79

#92

322

1914

$18

S'hai Cottons...

T.11) Zoong Sings *****

Wing On Textiles(8.)

Public Utilities

Tramwaya........ Peak Trama (old),

Do

(DOW)

Star Forrice...

Yaumats Forries(old) 325

Do. (now) 334

Chins Lights (old) «« $172

H.K. Electric....... $77

do

Sandakan Lights...

Do.

(new).

$140

22/21/10

31

$91

536

*18

$17/

$761

$24

Macao

$12

$281 Telephones (old)......

128

Do. (D)

***

1973

T.10

China Buses...

2!.

Tractions

14.

Do. (prof.).... .......

Industrials

PAVA

Malabon Sugare

7.4

Caldbock,

(ord.)

T.104 Muogregora. Hipref.)|

30 Canton Ives

$15.10 Cements (comb.)...

Dairy Farrus...

Der & Wings..............

Amusemente...!

Ch. Etainments....

18.70 Constructions, (old)

Lane Crawfords...

AR

128

Increased Production.

In the seven years before 1990 the output of petroleum rose, by 62 per cent. Between 1028 and 1929 the production of electrical power rose in the United States by 33 per cent; in Canada by nearly 50 per cent; in France by 38 per cont; in Great Britain by 40 per cent, and in Japan by 43 per cent.

"Monetary Black,"

Д

An interesting addendum to these observations is contained in extract from the Quarterly Review of J. Henry Schroder and Co. It is thore pointed out that an im. mohse amount of monetary slack will have to be pulled in before trade activity will make much im pression on interest rates. The capital market has been practically closed for three years, and though the incomes of the investing classes have been curtailed, savings have not been stopped.

"On the contrary, it is known that many people, partly owing to belief that private economy was good for the country, and partly because they were uncertain as to their future incomes, have been cut- ting down expenditure and ac- cumulating money at their banks. Many also, owing to general jack of confidence, have sold securities and refrained from reinvesting the proceeds.

Obviously, such increased produce tivity must inevitably have brought about a fall in prices. That is the proper and the only method of pass ing on the benefit of increased pro- ductivity to the consumer. Nor would such a fall, kept within re- asonable proportions, bo undesir able. On the contrary, one would say that it would be everybody's interest

"If trade and commodity prices But the obstacles to the exchangs revive, there must be a return of of these supplies of wealth were confidence which will release a large multiplied exceedingly, and the part of the idle and hoarded funds, fall was accelerated. Moreover, While trade revival would undoub producing countries were saddled tedly stimulate the demand for $14.00 with boavy debts at home and money, it would also to some ex- abroad, which destroyed the equil- tent increase the supply of it, not 13 librium. Fierce competition was only by bringing out hoards, but

engerred. in

prices and

fell by thawing frozen assets and pro- further. The whole position was viding a market for goods and falsified, not because increasing property that are at present un- productivity brought a steady fall salable,' in prices., but because of the old legacy of indebtedness, which in the new conditions was too heavy to be borne, the huge obstacles to trade, the strenuous rivalry, and the precipitate and disproportion ate fall in prices which was again. accelerated by the poverty and

#112

Do

(old)...

$3

Da, (new)...

$134

Roper

3.2.76

$10

Ch: Agricultures

Miscellaneous

27,93

$971

$17

#134

$18

$1.40

Mackinwebs

་་

Nanyang Tobacco... 4

Sinceres

$124

Watsons (old)

$13

alarm of the consumer.

$11.00

318

$3.36

$3.80

T5,35

$935

$10

68'.

prem. 4

Do, (new)

Wm. Powells

M. Greyhounds.....

B. C. Enterprises...

United Thiraires....

B. Ind. G. Bonds... I.K. Glove Lonas.....

311.10 Wallace Horpor... $10 China Sporta Ltd...

B.K. Wing On R'hai Do.

$236

$215

LOUAL AND REGULAB OUTWARD MAILS.

Canton

66% $104

SHANGHAI TRADE EN

SEPTEMBER

:

There is, according to this reason. ing, little cause, to fear a reaction

thore would bo

BRITISH WOOL.

incturers are now definitely cater. ing for New Zealand conditions. and even without tariff preference can compete favourably with the an income of American brands, which were so Rs. 20,000. He quotes Australia, popular up to a month or so ago, but he also takes the case of Peru, which has a climate and general conditions much more similar to those of India. The rainfall there is about 31in, per annum. Before DULL TRADE THIS YEAR certain mrasures were adopted Peruvian sheep yielded from one

The average price of English and and a quarter to one and a half; ib, of wool per annum. In a pe- Welsh wool at 1933 sales is sid. riod of six years this has gradual-per pound, compared with ed. in ly increased to as much as 5lb. per 1031 and old. in 1930. On the sheep, showing the extreme value basis of prices in the three years 1914-13, the 1932 averago is 55 per of experimental work. now a wool-exporting country.

cent. below pre-war, as against 48 In recans years the improvement per cent, and 16 per cent, respec- of sheep has been taken up by the tively below in 1631 and 1836. Governments of the Punjab, the

At the early sales held this year United Provinces, and Mysore. trade was generally dull, and prices Many types of Merino, Dorset in nearly all instances from 14d, za Horn, and South Down rams and 2. per pound below the previous ewes and have been imported to be year's levels. eromed with the indigenous Indian sheep. Great increases in the wool yield have been reported both in. quality and in quantity, but the size of the sheep of the second, third, and fourth generation after LESS CALLS ON U.S. LENDING

CORPORATION crossing has deteriorated,

Peru

เ

COMMODITY PRICE INCREASE

The possibilities, are evident be- cause in the Bombay Presidency there are over 2,000,000 head of sheep, Poons has a climate very construction Finance Corporation suitable for sheep breeding, its to day reported a sharp decline in never exceeding the applications to banking in- temperature 110deg., and only approaching this stitutions for land loans. Declines

(Continued on next column.) for about two months each year.

081

On demand... 140| Sovenzione, Bank's Buying

Bate. *******

HAR SILVER, par ca. 17 11/18

AMERICAN ORIENTAL FINANCE CORPORATION

through its Agent

Asia Lands Limited

Gloucester Building

offers a COMPLETE. BROKERAGE

SERVICE

in

NEW YORK STOCKS

Fail and Od Lots of listad Socorities bought and sold for cash or carried on conservative margin.

Phone 28380. Cable: ABIALANDS

were reported from all agricultur Washington, Sept. 2-The Real regions and was taken as

indication that recent improvement in commodity prices materially im proved the financial condition of the farmers.

THE CHILDREN'S CORNER.

PETER'S-LIGHT- HOUSE

--

edited by UNCLE JACK.

SAID I TO MYSELF

BY COLLIE KNOX When I was a very, oh, very, small

buy,

Said I to myself, mid I,

ter and joy,

Dear Kiddies,--One of my nep- following the present upward move. hows, Peter by name, writes to tell ment. On the whole, these and me that he has had a splendid holi-Some day I'll collect all the laugh- similar reports and studies are en- day in England by the seaside, j couraging: and it may well be He goes on to tell me that there that we are at the turn of the was lighthouse and wants to tide, Sisley Huddleston in Chris know when lighthouses were first

tian Science Monitor.

invented,

The first attempt that was ever made in England to erect a light- house was in the year 1090, and it AUSTRALIA AND FAR EAST was built on these perilous Eddy-

TRADE

TASMANIA'S PREMIER ON

THE POSSIBILITIES. ··

And never will sit down and cry, or cross or I'll never get angry

annoyed, Orver Pretend that I haven't

enjoyed.

My blessings as life goes by. There'll always be somewhere some

one who's sad, wtono rocks. As it was a first-at-

Said I to myself, said I, tempt a wooden structure was tried Who hadn't the chances that I my-: and, marvelous though it seems, it withstood all the tempests for three years before finally collapsing in the midst of a violent storm,

self had, Who had much

cry.

more reason to

.

BUNDAYS & HOLIDAYS † residence on Route Ferguson on 74 I assumed still, greater prominence ture was erected in the very shine Their troubles will fade and diet

WEEK DAYE.

FOB

FROW O.P.O..

FROM BxXUXOWAN BRANCH P.0.

YZOM G.P.Q.

WBOX BESONIWAN BRANUN FO

*

There's always to-morrow just.com-

ing along.

As sure as the sun and sky. I'll make it come quickly with

laughter and song

September started very quietly, but towards the end of the month the market became a little more

And so I will ever be helping them It was fully twenty years later active. Several deals have been

Trade with the East has loomed before another attempt was made, Till sadness and sorrow are banish- reported, mostly in the French large in the eyes of Australians for and then yet another wooden struc

ed and gone, Concession, including a foreign a considerable time and it has

mow for Ta. 184,000;

place. 4 pow in volanoqizeńce of statements made vacant lot on the corner of Route by the Premier of Tasmaais (Hon. house nobly carried out its du For forty-three years this wooded de Sieyes and Avenue du Roi A. McPher) on his return frcnties, but was then burned down by bert at Tls. 24,000 por mow;an- visit to China. ⠀ other racant lot of it mor on Mr. MoPhice found that there

an accidental are.. Route Dufour south of Route de

vas & very large market available This fire proved a blessing in dis (1.36.00 Sieyes for Tis: 30,000 for the let; throughout the East to the exporters guise, for it made people think of

a2 mow lot with a very old re- 9:00

sidence on Route Pottiet near of Australian products, and that, building lighthouses of stone in- Avenue Joffre, for Tls. 10,000; a with the exception of a few Arnstead of wood. The first stone (8,30 am. 4 | similar property on 21 mo who have been operating in the East lighthouse was so successful that it Rue Lafayette, cost of loule for many years, there is no pro- defied the worst weather for 120 Tenant de la Tour for Tis, 63,000; per appreciation in Australia of years, and caused the building of a foreign residence on 14 mow ̈ on

the value of the trade. It would other such sailors' friends"-ali Be an opportune tine now to test slong the English coast. Route Henri Riviere for Tis. 1971,500; e mow lot with old buildings on, this market, especially as the ex One day I will tell you about the Kinnear Road for Tls. 40,000. **** chauge position is greatly in a life of the lighthouse keepers of A few more properties about our of the Australian exporter, old-of course, in the modern light which details are lacking have The vast possibilities of opening up houses there are no keepers, as they changed hands during the month, and developing markets in the East are worked by slectricity from the but it is doubtful if the total tam. i ate of particular interest to Tas shoreE

§ 7.15 am, à } ƒ7,00 am. {0.00 0.10.

17.00 pm,

4:00 pm 4.00

Samahal and Wacher (By}|| 4.00p.m.

direct steamer)

Macno & Trizaban

(6.35 1.15 Bundays 8.15. only 5,00p.m

Jongmoen (except Saturdays)

Kaukong (erot Baturdays),||

„Rubahan and Wuckow (By)

Train)

£7.15 x,m; &) [ 7,30am.

3.10 p.5.

2,80 p.m.

6.00 p.m. 1.00 p

5.00 p.in,

7.15 2.0.

7.15 am,

TALO.

Tal Fo

Blumchun

~ Cheungchow

Aberdoen

Braniny

· 1,00 Petc.

( 1,00 kam.

18,00 pak. (9:00 am, & 18,00 p1rt.. (1.00 pm, &

5.00 ..

11.00 15.

9.00

1:11.00 m2.

11.008,

1 & 5.00p.m.)

8.00 -11.00 Male 8.30;

$.00 1.31. 1280 pas

3.80 1.30.

Autau

Pingahan Bantin

"Bhatankok" and "Bhongi

- 10,80 1,15

4.30 p.m

10,891,

Saikung m

"Namtau, Shekhi & Tairing |

Famia)

p...

1.30 pm

Bundays only

6.00 pm.

4,00 pa

00

Cheerio

UNCER JACK

.conomy,

mania, for one of the well establieb- over for September would much ex-

ed shipping lines has recently reviv- ecod the figure of one million teels, The prices paid may be regarded edita service between this State and Easteru poma – të addition, a as reasonable and normal."

The money market is becoming Chinese resident of Teamania is distinctly easier, with plenty of the Australian representative of funds available nt between 8 per the China Associates Corporation, We go away for our holidays

on organisation which has been every third year." sent, and 9 per cent, per annum, according to security offered. It steadily and continuously conduct What do you do the other may be said, indeed, that there is ing experimenta in China with years An oversupply of funds for mort Australian products, and building. The first one we talk of last gage purposes which points to a up a powerful system in readiness year's holiday, and the next year, renewed confidence in Shanghai for the launching of enterprise on we discuss plans for the real estate.-The Really Market. a large and solid foundation. tear."!

At least I will promise to try. There's happiness waiting for me

and for you, And hearts that are kindly, and

tender, and true, Said I to myself, anid 1.

SATURDAY'S PUZZLE

Did you interpret the pur zle in yesterday's Comer - Here is the solution for you; "Look all round you and see before you say,”......

Perfectly easy, now-you- know, isn't it t

Names and Pics,' "What are you making, Mo ther naked little Walter, Lemon meringue pie,

dear" his mother answered, e

THE JUNIOR COOK

ORANGE ICE

If you have an ice cream freezer, you will like to try making an ice by yourself some time. ·

Chop ice and prepare the freezer with fós 'and salt ae cording to the directions for your particular freezer.

Soak one teaspoonful granu- elated gelatine in one table- spoonful of, cold water for ten minutes.

Boil together two cupfuls of sugar and four cupfuls of water for twenty minutes.

Then add the soaked gela- tine and stir well.

Add two cupfuls of orange, juice and quarter cupful lemon juice, grated rind of two oranges. Stir till mix- dd. Cool, then strain and freeze.

You can use any other fruit juice such as berries, apricots or peach. Always ase the lemon juice to bring out the flavour,

SOMETHING TO MAKE

A NOVEL BOAT

You can make a nice little boat that will sail well from a banana skin. Hold the fruit with the enda pointing upwards, ond then remove the top part of the skin.

Through this opening take out: the fruit, being careful not to dam age the rest of the rind. Benda little strip of thin card and fit it into the rind like a seat in a row- ing-boat. Make a hole in the middle of this and push ia a matchstick for a mast.

The sail is a square of stiff pa

Your banana boat will not por: Boat upright, just as it is without Half an hour, inter he, renntered some ballast. All you have pó đó the kitchen and inquired. What is to put & few mall stones in, the did-you-say the pie a middle-name bottom, and then the littcraft

I will sail, very well. was, Mother'