HONG KONG DAILY PRESS, WEDNESDAY, OCTOBER 19, 1932.
MONEY AND MARKETS
JAPANESE PAPER
MERGER
TO HAVE SEATS
ON NEW BOARD
DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE.
SHAREBROKERS - ASSOCIATION,
TUESDAY,
Buyere hollers
Baie Nomiasi
Bayer
OUT. 18.
Banks
Homina
TEA RESTRICTION SCHEME
LONDON EXCHANGE
RATES
$1,000
£110 214
293
Hİ.K. Banks
***............$1,640
Do. (London)... Chartered Banks... Mercantile Bks. "A"
Col
Do.
C
HINT AT FORCED CONTROL
$100
Bank of East Asis...
HE
Paris New York
Rugby, October, 17.
87 23/32
LEADING BANKERS
3.44)
N. C. & S. Backs
371
Montreal
3,70.
$98
Am: O. Fin. Corp
M
#6
China Fin. Corp. Ortl.
(THROUGH REUTER'& AGENCE,)
Brussels
24.771
#160
Do. Pref
Geneva
Insurances
Amsterdam
17.83)
8.57
$1,375
Canton Insurances,
$1,410
LONDON, Oct. 18.
$9.25 $496
$9.95
Underwriters
Milan
кат
12.90
$2.95
$620
Union Insurano... $195 China Fires
THERE
07 5/10
WAS
Berlin
34.48)
3670
$1,200 H.K. Fires..........
International Assco...
Stockholm Copenhagen
Bhipping
Fej
Douglason
Steamboats
546
Indos (prof.)
$33
Do. (def.)
19/5
Shells
Water-boats
Mining
$181
Dalo
Vienna
Praguò
29 num. 1101
Helsingfors
Madrid
Lisbon
110
Athens
580
Bucharest
590
Benguets......
38.40 Venezuela Gold Fide. #3.16
Belgrade
270.
25/-
Kailana
1.4
Langkats (single)....
T2.101
T2.30 Shanghai Longs
Explorations.........
4૦
Ranba
Tranch Minne....... 20 ota Benguet Explorations
Docks, Wharver,
$28
65/3
much increased turnover in tea shares yestar. $1,900day. The Financial News attri- butes this growing to the probabi- 4lity that some form of restriction will be agreed to by the Indian, Ceylon and Deitch East Indies | 80%. B41- Krowers. Its remarks regarding the 20opposition to restriction at Colombo, are that Ceylon interests in London are strongly in favour of restric tion, therefore, it is not thought Tthe local objections to a Govern- T.1
ment supervised scheme will be pressed.
$18
**
2404
18,6
མ་
Godowns,
H.K. & K. Wharvos.
$145
$4.80
HIS
Providents (aki) - $4.00
$5
$9.35
Do. (new).
$2.20
128
H.K. & W. Docks
$10
B. China Motors' A
$10
H
TP
To
Dr
Shanghai Docks ....
New Engineerings
T.125 Hongkar ....................
Landa, Hotels, and
Bulidings
B.K. Hotels (uld) $12.05
Do. (new)
H.K. Tandis
.........! $70
T.24! Shanghai Landa
T.10 Metropolitan Lands...
H.K. Hoalies.$9.50
T1140 China Do
1.9 Do. Debentu.cs
Humphreys
Asin Realtics “A”M)
Dv.
"H"
810
TE
T.Of
12.05/. 10
812.70
$753
3117
176
$0.85
$15
$140
$28
"D"M
$100
Chincan E-tato......
Cotton Mill
T14.80
T:4.90
Ewon
T.14]| T15 |T14,75
++
7.72
S'hai Cottons.........
TD
7.68
***
7.11
the
5+
2,1
Young Singe .................
8146
***
Su
Wing On Textiles(S.)
T10
$148
Pabile UMillion
$22
Tramways .............................|021.75) $22 #31.85
$13
Peak Trama (old)...
104
$161
SP
Da
(new)...
+
891
Star Ferries
135
Yaumati Ferries(old)
$72 #914 $35
$311
$175
$76 #241
0173
$17.30
Do.
#12
Chins Lights (old)... $17.30
H.K. Electrics......
Macao do.
Sandakan Lighte...
(now)
(new)...
117.40
176
#28
Tolophonos (old)
127+
Do. (AUM)..
T10
Chinn Buzos
2/-
Tractions
4.
Do. (prof.)...
Industrinis
23-4
$24
$14.05
$3
$127
The willingness to restrict is unquestionably due to the rapid fall in tea prices, since last spring, but it is hoped in these trying:con | ditions that the growers will avoid the danger of pante remedies.
If the condition of the estates is satisfactory, shareholders should support the scheme as the arrange. meats being made will ensure a subscription of at least 1,200,000 of new shares.
Amsterdam Views.'
LONDON, O. 17. The Amsterdam correspondent of the Financial Timer says a de fuite declaration on the tea resi striction scheme which is at pro- sent being studied in Britain, is expected very shortly.
The correspondent. quotes. De Telegraaf, which is reliably inform ed that the scheme includes forced Government control for producers
in British India, the Dutch East Indies and Ceylon.
Río
Buenos Aires Montevideo . Bombay Shanghai Hong Kong
Yokohama
Silver (Spot)
Silver (Forward)
10.471.
190/32 19.80
232) 421/18
57/39
Nominal 30 nam,
1/5 11/04 1/95/16
1/4/7/16 17 11/10 171
HONG KONG STOCK MARKET.
YESTERDAY'S OFFICIAL
QUOTATIONS -
Sales.
Markets yesterday displayed, a better tone all round. Starting with Banks which rose to £110 in London and wero bid up to $1,078 locally, the lower-priced issues also registored advances, with Hotels, Cements and Lights leading,
Trading, howevr, was on a limited Tokyo, Oct. 8. Mr. Ikeda, execu-scale, owing to meagre offerings. tive director of the Mitsui Bank, and Mr. Yuki, governor of the | Japan Industria! Bank, who have been acting in the background for the projected merger of the three largest paper concams, the Ojo Seish, the Fuji Seishi and the Karafuto Kogyo, have now coms to the fore.
On Wednesday evening Mr. Ikeda visited Mr. Hijikata, governor of the Bank of Japan, and made a detailed report on the progress of the merger negotiations. Ha paid this visit to Mr. Hijikata becauso the merger, if it materialises, will have a great bearing on financial eircles. The Mitsui Gomei Kaisha, which has a big fianuicial interest in the Oji Phper Company, invit-
NEW YORK STOCK od Mr. Fujiwara, president of
EXCHANGE
A.O.F.C. QUOTATIONS
New York, October 17, Dow Jones Averages
20 Rils
Oct. Oct.
15 17. Change. 30 Industriale 61.2 02.00 1.53 down .... 27.95 27.30.85 down 20 Utilities... 27.00 27.58 .38 down
Messrs. E. A. Pierce and Go.
Report.
+
the Company, to a special mecting, and in the presence of Mr. Ikedn discussed the whole situation,
Hotels (Old) 419.20. Ewo Oottons Ma. 14.00.
Bayors.
The allotment of shares has been tentatively fixed as two Oji shares to three Fuji and five Karafute, Tho Fuji and the Oji firms are anxious to obtain an improvement of this quota. Their propesul is two Oji shares against 29 and 4.8 | On of their own, respectively. As re- gards the selection of directors, it is suggested that somn leading banks should be nominated in placa of employees promoted after long ForviĽA.
Hong Kong Banks $1,075. Union Insurances ·8500. Underwriters 62.85. Douglases 8241.
Union Waterboats 820). HK & K. Wharves $145). Providenta (Old) 84.00. Hotels (Old) $19.20. Hong Kong Lands 8753. Hong Kong Realties $0.85. Ewo Cottons Tls. 14.85. Shanghai Cottons. Tls. 72. Hong Kong Trams 821.80. Yaumati Ferries (Old) 835.. China Lights (Old) $17,60. Hong Kong Electrics 876. Macho Electrics $24. Cements (Combined) $14.30. Dairy Farms 827). Sinceres $15.40. Wing On (II.K.) 8235.
Sellers.
Hotel (Old) $124. Hong Kong Trams $22. Wallace Harpers $11.
EXCHANGE.
· CLOSING QUOTATIONS.
October 18, 1932.
London:-
Telegraphic Transfer... 1/37 Bank Billa, on demand 1/3% Bank Bills, 4 months'
night. Credits,
sight...
ON PARIN:-
The above problems will be settled The market is virtually at # standstill and we can see no reason! amalgaumtion will not take
immediately, and though the for-On
months
3/4.
1/47
Bank Bills, on demand 160 Credits, 4 months' sight, 620 Naw YORK:
to recommend positive action until place before January next, the Ox BOMBAY
wo can get some definite cluc.
Business dono: 800,000 shares. Dividend
Last Salo. Oct. Oct.
15. 17.
$55)
whole business will be transferred to the Oji Paper Company as soon as an extraordinary shareholders' meeting has been held.
The three concerns have deben. ture issues totalling Y.144,301,300; Y.45,000,000 Oji, ¥58,000,000 Fuji and Y.43,301,300 Karafuto. Accord ing to Article 2 of the Commercial
Bank Bills, on demand 193.. Oredita, 60 days' sight. 231_ Telegraphic Transfer 678 Bank, on demand ...
UN CALGUTTA ! —
Telegraphic Transfer Bank, où demand
ON SHANGHAI:-
O
Bank, at sight. .... YOKORAMA : ---
On demand
752
28
ON MANILA-On demand.....451 ON SINGAPORN:
Code, no joint company is allowed O
On demand................. 564. BATAVIA:-On demand. 581
Os HAIPHosa:-
to issue debentures beyond the On demand. capital paid up, but the new Oil Or
B4100 On demand 58 Company will have an authorised O BANGKOK:..... 70% capital of Y.150,000,000, with only Bovarians, Bank's Buying
Y.105,000,000 paid up. Legal opin-
Lze 1271
Dutch circles anticipate that the scheme will be accepted by the British Indian and Ceylon growers,
$ Per Share.
CANADIAN WHEAT
$3.00 Air Reduction. 850 8.00 Allied Chemical
and Dye 4.00 American Can. 30 9.00 American Tela-
73.
712 408
graph and Tele- phono
1051
103
5.00 American
To
beco Bo 721
Anaconda Cop
per Mining 101 4.00 Auburn. ........ 432 2.00 Borden Co... 27)
Canadian
9%
41
278
Pacific 15 1.00 Chrysler Motora 148 4.00 Consolidated
13
13
SAGHALIEN OIL WELLS
***
Зав of New York
361
64%
JAPANESE GOVERNMENT TO
ASSIST EXPLOITATION
313
$12
$3.30
**
4.00 Drugs, Inc. 34
2.00 Du Pont de-
321
Nemours
301
351
3.00 Eastman Kodak 521 6%. Electric Bond &
52)
On demand
Hats
--------- 140}
ion holds that the above proviston BAR SILVAR. DEF Es applies only when actually issuing debentures.
1/42
17 11/16
|
MORE KREUGER REVELATIONS
PROSECUTION OF LATE
IVAR KREUGER'S
BROTHER DEMANDED
(THROUGH BEUTEL'S LOENCY.)
19
Srournoux, Oct. 17. BANKRUPTCY administratora
have presented their roport regarding the affairs of Hoegbró fers, of which Teraton Krouger, brother of the late Ivar, Kreuger, was managing director from 1991 to The report alleges an amazing similarity between the methods of the brothers,
1030.
The balance sheets issued by Hoegbrofers showed consistent pro- fits between 1081 and 1930 whoreas in actual fact (osses were being sustained and the figures were juge, gled, false assets shown in order to keep up the pratenes
The report demands the prosecu tion of Tersten Kreuger as "the havo creditors of the company
clearly been swindled."
Tersten Kreuger at the present time in preventive custody,"!
PRODUCTION OF BRITISH TEXTILES
RESULT OF NEW TISCAL POLICY,
Encouraging progress is being made with the arrangements for the textile section of the next British Industries Fair, which will be held at the White City from February 20 to March 3, 1933.
The textile acction will occupy some 15,000 square feet more space than was required for the exhibi- tion of last February, and will re- flect the advance in British textile productions which the change in the country's fiscal policy has stimulated. A complete hall will be devoted to Scottish woollens in the piece and made up, and the Yorkshire manufacturers will for: the first time be substantially presented.
Another development will be the addition of a large hall devoted to soft furnishings. All the leading British houses, it is reported, have combined to provide the largest dis. play ever produced in this parti cular field.
AMBRICAN ORIENTAL FINANCE
CORPORATION......
A COMPLETE SERVICE
A complete brokerage service for New York Stooks in available at our local Agents:
Asia Lands Limited
Gloucester Building.
Daily Quotations sent—gratis. ~upon request.
$27) Malabon Sugars ...
T.14
Calbeck, (ord.)
T.
Macgregora prof.)
30
Canton Ives...*****
$11.28
$14,050
Coments (comb.)... $14.05
(old)...
***
$31
(new)...
313
Répus
$1
Miscellaneous
Ch: Agricultures
Dairy Farma
A Wing.....
3271
$10.40
#27
Constructions, (old)] $8.40
Dor
$17
Amusementa......
316
134
Ch. Etainments.......
$123.
15+
$140
Da.
(NEW)
$1.45
$0.40
Lane Crawford... ..
304
$21
Mackinwahs.....
Nanyang Tobacco... $41
Binceros
815
$128
Watsons (old)
314.HD
Le
new)
$3.36
$10
13,35
60%.
pren. 412
$235
Panton
Wr, Powells.*****
M. Greyhounds......
C. Enterprises
United Theat.......
3. Ird. G. Bonds..
11.K. Govt, LosES.
Wallace Harpor
China Sporta Ltd...
Do.
H.K. Wing On $235 S'hal
IM
$215
LOCAL AND REGULAB OUTWARD MAILS,
موران
Samuhui and Wuchow (By?
direct stemmer)
W
$104
FOURTH LARGEST CROP IN
HISTORY OF DOMINION.
Winnipeg, Canada. The fourth largest wheat crop in the history of Canada is being harvested. Official Government estimates place the total at 407,000,000 bushels, which is slightly below the figures for 1923 and 1927 and almost 100,000,000 bushels under the all-time
set in 1928.: Production, was more than 50 per cent. în advance of the | 301,000,000 bushels harvested a year ago. On July 31 there was a carry- over of old wheat in the country |of 131,000,000 bushels..
Data produced in Canada this year were estimated at 422,000,000 bushels, barley at 88,000,000 bushels, rye at 12,000,000, and minor crops were sufficient to bring the grand total of Canadian grain to billion bushels..
one
Of the wheat, 446,000,000 bushels were grown in the Prairie Pro-
vinees of Mapitolo, Saskatchewan
Share 26. 0.40 General Electrics 104. 2.00 General Foods. 30, 1.00 General Motors 144 1.00 Gillette Safety 10 1.20 International
To expedite the exploitation of oil fields in North Saghalien, the Government may grant a State.suo-
sidy to the Kita-Karafuto Sekiyu: 24 Kaisha (North Saghalien Petro- leum Company). The. Department. of Commerce and Industry has decided to include a sum in ite. budget for the next fiscal year.
16
291
1:33
161
Harvester 22 International,
Tel. & Tel. 101
and Alberta, and only $1,000,000 in 4.00. Liggett & Myers
"B" 3.00 Loew's Inc.
rather in
Montgomery
[
for the entire West was almost sev- onteen bushels per acre, excess of the average.
Despite persistently low prices this great crop will prove" of tr mendous economia consequence to the Dominion, It was planted
WEEE DAYS,
FROM.
G.F.Q.
FROM SHRUNGWAN. BRANCH PO.
FROM 0,P:0.
SUNDAYS & HOLIDAYS
FROM SEXUNGWAN BRAMOR RO
the other six provinces. The yield
[7.15 am, & *0.00 p.1.
7,00 mm. - (7,15 am.&-7,00 {7,00 p.m.
(5.00 p
4,00
4.00pm.
£7,18 m.) 7.00 .. .1.15 p..
11.30 p.m.
4.00 p.m.
17.00
4.00 p
0.00.
(8.15 am. &(880 m
1.16 p Sundays 8.15.7. only 8.00 P
6,00
Honkong (except Baturdays).
6.00
Fatahan and Wuchow. {By >
7.15 m.
'Trak)
21.0
100 pile
Fai Po
Macro & Tanshav
Tongmoon (except Baturdays)] 4:00p.m.
Shumpbas
Chour
"Aberdoen
Spanley.
Pingshan Santin
Shatin,
Shatankok. and Bbourg
Thúy
Esikung
Baratan, Stekki
rüzin)
$9,000,m,&
8.00p.m
[ 9.00 a.m. &)
1 3.00 PJR.
1,00p.m. *
8.00am,
1280 pat
8,30
8,00 pin
480 p.m.
7.00 F
7.15 Be
11,00 am
9.00 am.
11.00
§ 11.00
m.
1 & 6:00 pm
8.00 m. 11,000 8.80
10,80 ..
10.80 8.1
1.80 p.m. Sundayı 8.80 R.ID. Lonly
1,00 Am
7:00 p.
and harvested at the lowest cost for labour and materials in many домо осетра-
years. The harvesting gavo
in the West to thousands of men who had been unemplayed and enabled them to provide a sua}}- fund for the Winter. The farnurs had money in hand and its dis tribution affected a wide circle of activities. The transportation com panies in turn have the task of moving the crop to terminal elevator For seaboard, involving the employ
ment-of-many-additional-men-and- much equipment.":
63
27/
Ward 19 2.80 National Biscuit 301": 2.00 Pacific Gas &
Electric Pennsylvania
In accordance with the Japan 214 Soviet oil treaty, Japan commenced
621
ཚསྐྱལ་ལ་£
the exploitation of oil resources in North Sagbalien in 1928. Operating
the existing oil fields in the Oba district, she has since been en
261 deavouring to exploit. North Ohi and other districts, 1,000 squara Russian miles, concessions for which expire in 1938. The North Oha district, as a matter of fact, has already passed the trial stage, and operations are now on a com- mercial basis.
For the current business your ending March 1933, the North Bagbalien Petroleum Company, ox pects to produce 230,000 tons, and this, together with the purchase contract with the Saghalien Nefti Trust, will enable the Company, to 201 ship 310,000, tons to Japan.
12
39
201
277
*Railway
10
141
Radio. Corpora-
tion
70
1.00
Scars Roebuck. 19 Standard Oil Co.
7
10
0.80
of New Jersey.. 30 Bocony-Vacuum
Corp 1.20 .
nion Carbide & Carbon.
03
20 .25 6.00. Union Pacific... 05. 03
United States Stoel ......
201
Westinghouse &M.
As regards the territorios not yat opened up, there is only four yearS Heft before the expiration of the
contract, and exploitation within the time limit is considered extrá mely difficult. The Dapartment of Commerco and Industry is thero- fore inclined to grant a subridy to the Company and emish it in spoed- ing up prospecting and other works, so as to operate the fields as quick- ly as possible,
THEY
Advertise!
A hen is not supposed to have
Much common sense or tact. Yet every time she lays an egg She cackles forth the fact.
A rooster hasn't got a lot Of intellect to show,
But none the less most roosters have
Enough good sense to crow.
The busy little bees they buzz, Bulls bellow and cows moo,
The watch dog barks, the gander
quacks,
And doves and pigeons coo.
But man, the greatest masterpiece
That nature could devise, Will often stop and hesitate
Before he'll advertise,
Don't Delay! Phone 30251
for our representative and we will provide material for your Autumn advertising campaign.
"THE HONGKONG DAILY PRESS
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