4
DAILY SHARE QUOTATIONS
HONG KONG STOCK
Bayer Baller
EXCHANGE.
1,630
+
£1108
£141
£23
SHAREBROKERS'
ASSOCIATION.
HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 2, 1932.
MONEY AND MARKETS
WORLD ECONOMIC CONFERENCE
TUESDAY.
balze Nomla!!
Baler Supers
Balte
Nomiusi
NOV, 1.
L.C.C. HOUSING SCHEMES
***
21,668
Bist
ESTATES DECIDEDLY
PREPARATIONS FOR THE
B23
POPULAR
(ARITINN WIRELESS SERVICE.]
RUGBY, Oct. 31.
Banks
H.K. Broks
Do. (London)
Chartered Banks....
Mercantile Bk. "A"
Do.
Bank of East Asia...). #ivel]
N. G. & S. Barks
Am. O, Fin. Corp!
Fin. Corp. Ord
Do.
Insurances
Canton Insurances.
全程
18
Chins
81,40
$1,318
$2.80
9000
1620
$1,180 H.K. Fires.............
Douglase
#231 Steamboats
46/1 Shells.....
$71
80%-
MEETING
[BRITISH WIRELESS SERVICE)
Ruany, Oct. 31.
TREASURY BOND REDEMPTION
INTEREST ENDS IN FEBRUARY
[BRITISH WIRELESS SERVICE.]
ANGLO-INDO
CORPORATION
SCHEME APPROVED IN MANCHESTER
[THIROUDE REUTER'S ADENCY,]
A
LONDON EXCHANGE
RATES
[BRITISH WIRELESS SERVICE.]
13.92
Rugby, October 31
Paria
New York
Montreal
1.28%
.3.03)
Brussels
23.021
Geneva ....
17.00)
Amsterdam
8 187.
Milan
041/16
Berlin
Stockholm
10.101
A further meeting will be cou- vened comprising, all Manchester shippers.
Copenlungen
Öslr
Viennn Prague Helsingfors
15 7/32
10.00
J non.
111
230
Madrid
40 1/16
108)
8721
355
245
LONDON, Oct. 31. THE meeting in Manchester to- day of influential shippers' in- terested in the cotton trade with India unanimously passed Rucny, Oct. 31. '.
solution favouring the scheme for with the right the better direction of selling me-- THE latest statistics of the Lon-WHEN the Preparatory Commis N accordance
sion for the World Economic don County Council show that
reserved to them under the pro❘thods in India. housed on Conference met at Geneva to-day, spectuses of December, 1927, and persona 261,000 estates developed by the Council. Dr. Leonardus Trip, President of | August, 1923, issued by the Bank
There is 4 heavy demand for
the Netherlands Bank and one of of England, the Treasury gives lotises on these estates, a further the experts.of the Bank for Inter-notice to holders of 5 200,000 applications having been national Settlements, was appointed Treasury bonds, 1039/35, that these made for vacancies last year. President, and ʼn start was made 'th the compilation of the list of questions to be submitted for con- aideration of the Conference.
BRITAIN AND THE ARGENTINE
Pref
$1,343
Underwriters. ......$2.85
Union Insurances ...
3510
China Firos 078
$1,30
International Áвиco..
34.16
Shipping
Sals
1241 $23
546
Indios (pref.)
85-
132
Do, et
04/
Water-boata
$201
Mining
$181
$18
Gold Fid
$3.80
$3,81)
21/
Kailans
25/-
1.4
Langkats (single)...
T.<
T2.10 Exploratiune
T.
12.30 Shanghai Loans
Paid $16.40 Baubs
Troach Mines
$10.40) (5) jabs en)
18/0
TRADE VIEWS BEING EXCHANGED
ber.
Godowns, sto.
R
Providente (okl)
...$4.00
$2.29
Do (wow)
1201
1.K. & W. Dooks
18
Do.
"A"
T.#3 T6,40
Shanghai Docks ...
New Engineerings
T.213
Hongkows ...............................
Lands, Hotels, and
Buildings
H.K.
Hotela (old)
| $11,50}
$11.40
t
79,80
H.K. Lands
$11.40 $11.50 $11.40)
$79
17 ots Benguet Explorations
Docks, Wharves,
H.K. & K. Wharven, $1481|
S. China Motor "A"
விழும்
Do. (new)
T.241 Shaughni Lands
Metropolitan Lands..
H.K. tonlties...................... $9.25
1.96 Do. Debontu ea
Do. "R"M
$2.20
soy
$10
$10
1.20 T.6
316
T.10
T11.40) China Do
315.00 Hamphreys
$140
Asia Roaltics “A”M
$28
$100
Chincuo Exiates......
Cotton Mill
T14.85 Ewas
T11.80
T14.90
S'hai Calton....................
T11.10
Zoong Sings
$145
Wing On Textile (S.);
T.72 T11.10 $140
***
Public Utilitie
Tramwaye
$79.10
$210
Poak Trama
| (old).
**
Do, (new)...
8151 $73
$05
Star
{3}}
Ferries
Do.
17.5 40
$17
$22.70 15.20
327.10
$17.48
379 8371
10
$201
(new)
812
Yaumiati Ferries (old) $35
Chins Lights (ohi)..
Do. (NEW)...
HI.K. Electrica.......
Macao do.
Sandakan Lights...
320 Telophones (old)......
Do, (auw)
Tractions,
124 Ropes
Ch: Apri
(new)...
Agriculturee
Miscellaneous
+
Dairy For
$1
Dor A Wings.........
$10)
Amusemente.....t
Ch. E'tainmenta..............) 312į
$6.50 Constructions, (old)
Nanyang Tobacco...
Sinceros
Watsons
(old)
Do. (US)...
$17.80 $174
$17
$79
$281
[BRITISH WIRELESS BERVICE.}
Rrany, Oct. 31. IN. the House of Coinmons to-day, Captain Eden, Under-Secretary for Foreign Affairs, asked whether there had been. or would be any trade reciprocity discussion between Argentine representatives of the Government and of Great Britain, regarding auch of the Ottawa Con- ference proposals as referred to British imports of wheat and meat, replied that an exchange of views was already taking place.
TEA RESTRICTION SCHEME
15 PER CENT. REDUCTION IN OUTPUT ACCEPTED
|
per
ccnt.
It is suggested that the new con- bonds will be repaid at par oncern which will be necessary will February 1, 1933, together with six be styled the Anglo-Indo Corpora months' interest due on that date.tion and will be capitalised at from Interest on the bonds will then half a million to one million pounds
sterling.
coase.
The Governments concerned will be consulted regarding the subjecta
The sum involved ropresenta proposed for discussion in fore the about £114,000,000. Commission reassembles in Decem-
Loudon, Oct, 23.--The idea of restriction of tea production in India, Ceylon and the Netherlands East Indies is progressing.
Proposals for the regulation of. tea exports which were submitted by the producers, of Java and Sumatra have now been considered by the committees of the Indian |- Ten association, the Ceylon and the South Indian ten associations in London,
NEW YORK STOCK EXCHANGE
A.O.F.C. QUOTATIONS
New York, October 31. Dow Jones, averages:-
Oct. Oct.
20. 31. Change. 30 Industrial 62.00 81.00 .19 down 20 Rails 28.22 28.01 .21 down 20 Utilities... 97.71 27.43 .96 down Messrs. E. A. Pierce and do. Report.
From the investment stand-point we believe that little or nothing could be gained by taking a positive position. The chances now seem to indicato a
dall and featureless market all week, unless unexpected nows develops."
4.00 Consolidated scheme must be submitted to indi-
:
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
Earlier in the day, prices gener- ally were inclined to sag, but there were indications of a slightly im proved tone later in the afternoon.. Sales, Hong-Kong Lands, 8791, Ewo Cottons, Tis, 14.83.
Buyers,
Hong Kong Banks, 61,620. Bank of East Asia, $109. Canton Insurances, 81,315. Union Insurances, 8500; Underwriters, 88.85. International Assce., Tia. 1.15. Douglases, 896.
Ewo Cottons, Tix. 14.85. Shanghai Cottons, Tis. 72. Zoong Sings, Tls, 11.10. Hong Kong Trams, 822.10. Peak Trams (Old), 815.25. China, Lights (Old), 817,43. Macao Electrics, 827). Dairy Farms, 829, Watsons (New), 11.20. Sinceres, 8154.
Wing On (H.K.), 8233. Entertainments, 812). Constructions (Now), $1.30. H.K. Govt. Loans, 1 per cent.
Prem, es Interest..
Sellers.
H.K. Hotels (Old), 8113. H.K. Renlties, #01.
Hong Kong Electrics, $79. Cements (Combined), $13.85. Agriculturals, 8101.
Business done: 400,000 shares.
Lion Waterboats, 8202. Venz: Goldfields, #4.80.
Div.
Per
Last Sale.
Providents (Old), 84.80..
Oct:
Cet.
Sharo
20.
31.
H.K. Hotels (Old), $11.40. Hong Kong Lands, 879.
$28
T.10
China Buses
$3.00 Air (Reduction. #84)
0.00 Allied Chemical
and Dye
163)
Humphreys, $16.90,
Renities, $0.35.
73)
732
14).
Do. (prof.).....
Industriais
8274
Malabon Sugars....
4.00 American Can.. 631 9.00 American Tele-
$2"
$21
704
Caldbeck, ((ort.)
414
$8
Canton les
T10 Macgregors prof.)
$5.70
graph and Tele- phone 5.00 American
104
1034
Tn-
$13.86
Cenients (comb.)...
$13.80
F
Do.
(old)...
23
Do.
bacco "B" 001 Anaconda Cop
$12
$10
329
$29
3174
These committees have suggested ainor alterations and waiting to hear if these alterations are acceptable to Japan and Suma-
per Mining.......
0
B1
Are
ROW
4.00
Auburn ........... 2.00 Borden Co.
432
20%
25)
Conodion
$12j
1 FT.
Pacific 13)
132
$1.30
Do.
(дон
86.25 $1,46
It is pointed out that the whole
1.00 Chrysler Motors 131
14
$0.60
$21
Lane Crawfords....... Mackintoshs
$1,70
vidual members of the associations
Gas of New
York
57)
50%
815.00
3194
CATE
318
$11.20
#12)
13.30
Wm. Powells
$3.20
$10
M. Greyhounds......
and also the, local associations in India and Ceylon before the Gav cruments of India and Ceylon 'enn bo approached in the matter.
4.00 Drugs, Inc.
Pont de 2.00 Du
Nemours
31 301
1,6
United Theatres....
. C. Enterprises....
#26
341 3.00 Eastman Kodak 51
34
614
60%.
B. Ind. G. Donda. 60%.
xinat; prem. 1977,
1.5. Govt Loans...
$104
Share...
23
24
***
311
Wallace Harper...
0.40 General Electric 15
IBL
$10
China Sports Ltd...
14
B.K. Wing Ou
S'hai Do.
$235 $215
2.00 General Foods, 281 1.00 General Motors 13 1.00 Gillette Bufety 171 1.20 International
281
127
174
Harvester 21 International
Tel. and Tel. 時 4.00 Liggett & Myers
21
*
"B"
561
·50)
3.00 Loew's Inc. ...
Montgomery
271
201
months
sight
Ox Paris:-
Ward 113
2.80 National Biscuit 301 9.00 Pacifie' Gas &
331
Electric
274
271.
Pennsylvania
Railway
15
14t
Radio Corpora-
OR CALCUTTA :——
tion ...
01
01
Soare Roebuck
183
182
ON SHANGHAI : -----
1.00. Standard Oil Co.
Bank, at sight
---} 7518
of New Jersey. 301
301
ON YOKOHAMA :---
On demand
1081
0.00 Socony Vacuum
On Maxi-On-demand... 4
Corp.
01
ok
ON SINGAPORE:--
On demand
*57%
1.20 Union Carbide
and Carbon..... 24
24
8.00 Union Pacific... 04
United States
05
- On demand, "sa"
OM BA100% :---On demand
35 ON BANGKOK
On demand
130)
Westinghouse E. and M
Bovahs, Bank's Buying
201
WEEK DAYS.
FUE
FROM G.1,0.
FROM Surunowan UBANCH PO.
FROM G.P.O,
7.15.m.
Į 1.00 px..
L
4,00 p.m.
Canton Fathul and Wuchow (By)
direct steamer)
5.00 p.201
___
LOCAL AND REGULAR OUTWARD MAILS.
100 p.m. $9.00 km, &
- 3,00-pužti.—
10:00 amb &
8,00 p.. 1.00 pm, &
18.00 p.m.
Details of the ten restriction scheme drafted by the Netherlands. Electrie Bond &
Indies Association appear in 4. despatch from the Amsterdam cor. respondent of the Financial Times." He reveals that the schema has been approved by practically all Netherlands growers and forwarded to London, where it is being discus
SUNDAYS & VOLIDAYS sed.
FROM SHEUNGWAN BRANCH P.O.
17,00 pic..
It is proposed that the Nether- lands East Indies, British India and Ceylon agree to a compulsory 15 per cent. restriction in output by the control of exports, the entire position to be reviewed jointly every
{ 7.15 am, & § 7,00 am, & year and a change made in the. percentage of restriction, if neces- sary. The hasic year will bo left to the discretion of each country.
7.00 am, (7.00 p.m.
4.00 p.m. 1.00 pitu
0,00a.m.
18.15 am. & (8,20 &
1.15 p.m. Bindaya
8.15 am. only 6.00 pa
11,00a.m. 9.00am
11.00. (11.00
à 8.00 pm)
1.30 pm. Sundays | 8,90 a.m. Lonly
6.00p.m. 4.00 p
AMERICAN ORIENTAL FINANCE CORPORATION
A COMPLETE SERVICE
A complete brokerage service for Now York Stooks ia available at our local Agents
Asia Lands Limited
Gloucester: Building. Daily Quotations sont-gratis
upon request.
Maceo & Trinken
tat
(7,16 m. {1.16 p..
17.30.
11.30 p.m.
Longmoon (except Saturdays) Kaukong (sic & Saturdays), Fataban and Wusbow (By }
6.00 p.10.
6:00 pm. 6.00 p.m.
7.15 2.1.
7.15
Train)
41
Tal O
Tai Po
6bnmobun
***
...
Choungebow
Aberdeen
Autati Pingahan Bantin Shatin,
Shatakok and Shoung
Balkung *** Nimtar, Brokki & Taffing ?
8,00
8.00 am.
£1.00
12.30 pm
8,80 m
10,80
8.00 p
10.80 mm.
4.80 p.m
-7.00pm
Steel V.35€.
dividend.
24
EXCHANGE
CLOSING QUOTATIONS,
November 1, 1932.
ON LONDON:-
Telegraphic Transfer... 1/4) Bank Billa, on demand 1/4 Bank Bills, 4 months'
right minun Oredita, 4
1/41
1
Bank Bille, on demand 5624 Credits, 4 months' sight 602)
ON NEW YORK:—
Bank Billa, on demand 22%
Credita, 60 days' sight. 23j
ON BOMBAY -
Telegraphio Transfor
Bank, on demand
Telegraphic Transeresz
Baat, on demand ...
ON BATAVIA:-On demand, 843 Or Horro
BAK BILVER, per 181
The scheme is the result of a auggestion by the Maharajah of Nawanagar, the famous ex-cricketor popularly known as "Ranfi." It contemplates the elimination of heavy overhead charges by selling direct to the Indian consumer by Manchester representatives.
RUSSIAN TRADE
CREDITS
NO EXTENSION AT PRESENT
[BRITISH WIRELESS SERVICE.)
Lisbon Athens
Bucharest Belgrado
Rio ..... Buenos Aires Montevideo Bombay Shanghai
ajnom.. Nominal
30 nom.
1/0 11/10
1/01
Hang Kong
1/14
Yokohama
1/31
Silver (Spot)
Silver (Forward). 181 War Loan Assented... 99 13/18
GOLD DISCOVERY
Promising discoveries of gold- bearing ore have been made near... Gogama, a station on the Canadian National Railways in Northern On- tario, says the Times of October 7th. Ruany, Oct. 31, The showing consists of leases an. IN the House of Commons to-day, stringers of quartz more or less Major Colville said the De parallel in a rusty schist, and can partiment of the Overseas Trade be traced for a distance of 220 ft. and the Export Credits Advisory The quartz-is milky white in colour, Committee were at present well fractured, and along the frac prepared to recommend the grant-turns fine native gold is visible. ing of guarantees covered by eredits Mapping and geological parties for more than eighteen months in have been placed in the field by the
Ontario Guvernment. respect of exports to Russia.
not.
WOOD LIGHTER THAN CORK
NUMEROUS. INDUSTRIES NOW USING BALSA
BANK OF ENGLAND
OLD
OLD BY-LAWS AMENDED
Old by-laws of the Bank of Eng. laud, some of them going back near- ly 200 years, were amended at a General Court of the Bauk held last Attention has been drawn to the month. Most of the new by-laws numerous industries in which balan substituted for the old laws are of a purely mechanical character, but wood is now used. It enters into the manufacture of aircraft, boats there is one important change. This and trunks, and is also utilised for gives the Court of Directors autho sound proofing, heat insulation, and rity to engage from time to time other purposes, The main charac- the exclusive services of any mem- teristic of the wood is its extreme bar of the Court and to remineratë lightness, this being due to the open-him in respect of any such services. ness of the grain and the presence Customs by the Manchukuo govern- of empty cells; the average weight of the Bank, who presided over, the per cubic foot is from 7 to 8th, General Court, said that it was 40 which compares with a weight for years since any charge had been made in the by-law affecting the re- cork, of from 11 lb. to 13 lb.
in derived from the muneration of the governors or di- * Spanish word balsa, meaning a raft, restors, the aggregate amount of ramuneration at present being limit- for when the Spanish conquerorsed to £15,500. It was evident that first came to South America, they if the Bank was to secure the ser found the Indians using this very vices of first-class men, provision light wood for their rafts in-
must be made for remuneration cidentally it is still used for the them. Under the new by-law there same purpose.
The name
will be placed at the disposal of the. Mesars The Balsa Wood Com-Court of Directors an annual sum pany, Limited, Africa Flouse, not exceeding £30,000. The fees of Kingsway, London, W.C. 2, atate the part-time directors will not be that while several varieties of the affected by this change, the Te timber are widely distributed in muneration of the Governor, depu- central and northern South Amety-Governor, and such directors as rin, the best variety comes from may be appointed on a whole-time Ecuador and possesses the botanical basis alone being increased. name, Ochranhama Lagopus.
Rapid Growth.
plywood for aircraft, boats, trunks The growth of the balsa tree is and also packing cases for all types extremely rapid, a tree to ft. in of highly-polished and delicato height and 3 ft, in diameter being objects, as the silky texture of the obtained in froin 4. to 5 years. In timber does not scratch smooth sur- mediately after falling, the timber faces.
is full of sop, and is heavy, compar
It is also used in connection with ed with the dry wood. The bark-is-
the sound proofing of rong and stripped off and the logs sawn up electric motors and in insulation into planks, ranging from 6 ft. to work, particularly on vehicles con- 15ft, in length, 6 in: 16 in. in width, veying solid carbon dioxide sad and 1 in. to 4 in, in thickness; itther chilling materials. The is exported in this, condition. thermal conductivity of kin thick As previously-indicated, the wood panels of balun wood is of the order enter into the manufacture of of 0.31 B. Th.U. per square foot per (Ventinued at foot of next column.) hour.
No comments yet.
Private notes are available after approval.