1932-11-03 — Page 4

DAILY SHARE QUOTATIONS

HONG KONG STOCK

EXCHANGE..

Buyer Ballers

$1,640

$100

$1,3

$1.85

SHAREBROKERS• ASSOCIATION..

HONG KONG DAILY PRESS THURSDAY, NOVEMBER 3, 1932.

MONEY AND MARKETS

Baler

Nowal

WEDNESDAY, NOV. 2.

Expore Baller

Baloe fominst

NEW CONVERSION LOAN

JAPANESE DUMPING IN BRITAIN

$1,668

813

201

HIGHER DUTIES DEMANDED

*

IPA

*

21104

E14

Banks

H.K. Banks

Do. (London)...

Chartered Banks....

Mercantile Bks. "A"

Do.

Bank of East Asia.....| STỢP

N. C. & 8. Barks 571

223

Insurances

"0"

Union Inaumanoce... $500 $5074 $505

Bhipping

Douglases TOPRAKTO

Steamboats mana

$1,343

$1,20

$264

CHANCE FOR SMALL

INVESTOR

[RECTER AND BRITISH WIRELESS.)

LONDON, Nov. 1.

FOLLOWING last night's an

zouncement that the Treasury will, on February 1 next, repay the outstanding balance, amounting to £14,000,000, of the five per cent.

SOU

$6

Chins

$1.50

Do

Am Fin. Corp-Pret

Fin Corp

Canton Insuranca...

Underwriters

$2,95

$505

8074

SORU

Chins Firea

********* $82

$1,180

K. Fires............ International Absc4..

$4.10

***

$:0

$231

$99**

$45

Indos (pref) on

05/

432

Do. (def.)...........

80%.

46/1

Shells

FLA

Water-konta

14/

3204

Maing

was issued this evening of a new i conversion loan,”

$19)

Benguets

$18

$3,80

Venezuela Gold Fide.

$3.80

20/-

Kailmas

1:4

Langkate (single)...

T240 Exploration........

$10.30

95/- TA Tri T.S

30/0

$201

T2.30 Shanghai Loans...

$10.40 itaabs.......................... 310.20

Tronoh Mines

Docks, Wharres,

& K. Wharves, $148

17 cta

Benguet Explorations

Dodowns, etc.

$149

ง.

12.20

3261

HI.K. & W. blocks

to (ald) ----| 64,90

(now)...

$2.30

$27

$10

S. China Motorn' A'

310

18

*g*

$10

T.K 7.6

*

$11.40

$191

Do

3. Do

1.98 Shanghai Docks .... Te40 New Engineerings

T.295 Hongkewa ...............

Lands, Motels, and Buildings H.K. Hotals (613). $11.38) $11.40] $11.40,

(new)

R.K. Lands $79

Humphreys ... Asia Realtios "Â ̈M

$11.10

$11.20

Do.

1.243 Saarighai Lands

.T.10

Metropolitan Lande...

$9.30

HK Realties......... $9.30

$9.30

T1140) CU's Da

1.041

Do. Debeatu es

M

$18

$14

$140

328 $100

Do.

Colton Mille

TI4e6

1214.85

Ewos

Bhai Cottoncoccu

Zoong Sings......

8145

Wing On Toxilles(S.)

Pablo TlLEON

T.78 TIL10

13" M Chinese Estates .....

......................... T14.00 T16.10] 14,85.00

Tramways ********* Peak Trams (old) ....... Do. (now)...

T79 TIL30 $146

182.10

112.10

P

$161

$161

•

105

326

$311

Do.

Star Ferrion****

* $944 Yaunist Ferries(old)| 135 (new 384

$95

$17,50

$17

Do. (now)...

024

H.K. Electrics

179

1+1

Macao do.

12

$17.45 Chins Lights (old)....

Sandakan Lights....

$20 Telephonce (old)......

Do.

(BUM)****

Tractions ............

Industriale

144

---

**

Caldbock, (ord.)

T10 Macgregora prof.)|

Coments (comb.).....] $13,85) 913.50) $13.25|

$5,70.

#961

$20

SIE

$12

IH

103

$281

To

China Busos

Da. (pref.)

1974

Malabon Sugara

T1

30

Canton Ives

$13.30

$107

Do

(old)...

Do.

(now)...

$124

Ropes

$101

Chi Agricallares....

Miscellaneous

$231

Dairy Farran

$80

Dor A Wing........

316)

Amusements als

$174

$191

Ch. Etainments...... $19)

36.30

Constructions, (old)

$0.26

***

Do

91.30

(now)

15.00

Lane Crawfords... ..

$1.45 $0.70

$21

OO...

$121

Watsons (old)

$11.20

13.35

Wm. Powella...****

M. Greyhounds......

331

4. C. Enterprises...

1,51

United Theatres......

69*

B. Ind. G. Bonds...| 69"),

12.

prem, x.inl:

H.K. Gort, Loans...

3103

Wallace Harper....

$10

China Sports Ltd...

$235

H.K. Wing Cu

Shai

Do.

Sincerok....816.80

Do. (new)......

312+

$3,20

T

LOCAL AND REGULAR OUTWARD MAILS,

$104

285 $218

(THROUGH REUTER'S AGENCY.]

LONDON, Nov, 1.

SAMPLES of white and coloured Japanese silks were displayed in the House of Commons to-day in support of a strong agitation for special measures to prevent dump. British bug into

and Britain

CHINA'S IMPORT

TRADE

CONSULAR INVOICE

QUESTION

(THROUGH REUTER'S AGENCY.]

LONDON, Nov. 1.

FRESH CAPITAL

'ISSUES.

STRIKING BRITISH

FIGURES

[KRITISH WIRELESS SERVICE.]

RUGBY, Nov. 1.

BRITAIN'S TRADE WITH RUSSIA

LENGTHY DEBATE IN BOTH ** HOUSES '

[THROUGH REUTER'S ADENOY.]

LONDON, Nov. 1.: ACCORDING to statistics com- Britain's trade relations with piled by the Midland Book, Russia were the subject of lengthy new capital issues for last mouth, dabate in both Houses of Parlia excluding a borrowings by the

ment today and the Government. British Government for purely | were compelled to reprove the Tory

THE question of the inconvenience financial purposes, amounted to extremists who demanded complete

created by the decision of the £19,748,000, against £2,483,000 for severance. Chineso Government that all goods the same mouth last year, making bar 31 1932, of 107,010,000, against shipped, from Britain to China a total for the ten months te Octo-

must be accompanied by invoices

The House of Lords thrashed out a motum requiring of the Government that no further com-

Treasury bonds 1933/33, a prospectus i Calonies nt prices with which the signed by the Chinese Consul at £91,563,000 for the corresponding mercial agreement should be maile

It states that the Bank of Engi land in authorised to receive application for £300,000,000 three per cent. conversion loan redeem able at par on March 1, 1953, or at any time on or after March 1, 1048. The issue price will be £0 10s, per cent.

ten months in 1931. British manufacturer finds it im

possible to compete.

The display was employed by Mr. T. Levy (Con. Elland, Yorks) to reinforce his argument in favour of far more drastic action than is con- templated under the Ottawa Agres ments to counter Japanese silk dumping.

Labour Costs.

the port of shipment, was raised in the House of Commons today by Mr. W. Nunn.

Major Colville, Secretary of the Department of Overseas Trade,

atated that some concessions had

con- been made. An additional aulate was being opened, together with a branch office at Manchester. He agreed that the requirement would involve exporters in adili.

FREE STATE TO HELP EXPORTERS

:

{TUROVOU REUTER'S AGENCY)

The list of applications will be Ite pointed out that such dumptional,formality and, expense, but THE Free State Government an opened and closed on Thursday ing was going on on a large scale he pointed out that the regulations pay exporters of certain manufac

November 3

Interest will be paid half yearly on March 1 and September 1. The first payment of eleven shillings per cent, will be made on March 1,

1930.

Post Ofice Issue.

The Postmaster General is Au thorised to receive applications for a separate issue of the above loan. Allotments in full will be made in respect of all subscriptions to the Post Office issue, the dividends! on which will be paid without deductions of tax at the source, Applications for the Post Office issue may be for £10 cg any mul tiple not exceeding £1,000, and the first interest payment of 10/0 per cent. will be made on March I next.

Interest Bavings.

The proceeds of these issues will be applied to the redemption of the unconverted war loan and the redemption of Treasury Bonds. The direct budgetary saving of in- terest is approximately £5,500,000 Annually gross.

-The total savings froin the whole series of conversion operations since the end nf. Fune aggregate £38,000,000 gross.

The Chancellor of the Exchequer, Mr. Neville Chamberlain, stated

in the Commons to-day that the cost of the cash bonuses end the

commission in the recent five per rent, war loan conversion operation was about £3,000,000,

CONFIDENCE IN SUCCESS OF NEW LOAN

(THROUGH REUTER'S AGENCY.]

LONDON, NOV, 2. Confidence in the success of tho new conversion lonn is emphasised by the fact that the lists open and close to-morrow. Financial cor- espondents are unanimous in pre- dieting immediate and overwhelma- SUNDAYS & HOLIDAYSing response and pay tributes to the skill and foresight in the Governinent's huge conversion pro gramme whereby £2,530,000,000 of debt lins been converted to lower interest rates.

WEEK DAYS.

FUB

FROM Q.P.O.

FROM SHODNOWAN HRAMON P.O.Į

FROM G.P.O.

Fxox SUNGWAN

10 kim afte 16.00 p.10.

17.00 p.m.

4,00 p

BRANCE 2.3.

7.15 & 7.00 am, La 15,00p.m.

17.00 pz.

·Santon ...

Bamshpi and Wuchow (Br) 4.00 p.m.

direct stemmer)

-Macno & Thinshan

4.00 p.ta

9,00

(8.15 km. &] [8,30 ani &

1.16 p.

1.30 p Bandays Sundays

8.30 Lobly

*6.00 pm.

only 5.00p.m.

(7.16 am, &) [28 {{1.16 p.x.

180 p.m.

8.15

IL

moon (dept Saturdays) Kaukong (except Saturdays).

6.00 p.m.

6.00 p.m.

6.00 p.m.

Entisban and Wanhow (By 4.16.

Train)

Tai Po C

Cheungahow

Aberdeen Branley-

Antan

1.00 p.in,

€9,00 & {1,00 p.m.

9,00,J,m, &

1.00 p.m. &

15.00 p.m.

9.00

17.30.3.

8.30 m2

Pizgaban Bentin

Bhabankok and Shearg

shul

*Salkung

4.00 p.m

approximately

In the

were the same for all countries.

Official for Hong Kong.

NANKING, Nov, 2.

in Britain, the Colonies, and, the Dominions. It was made possible by three circumstances. first place, Japanese labour costs were 78. 3d. for a sixty-hour week,

It is officially announced that as na compared with 35/- for a 48hour

the result of an agreement recent week in Britain. Secondly, tho!

ly reached by the British..and Japanese. Government had guarn Chinese governments, a Chinese teed any bad debts to the silk manu- facterers; and thirdly, Japanese silk invoice officer will soon be appoint. firnis copied British ideas and de-ed to issue and certify Conetar signs.

invoices in Hong Kong on behalf of the Chinese government.

The result of competition along these lines was that the samples he produced, very similar in quality and pattern to British goods, sold at from a od, to 29. ed. a yard, whereas it could not be produced in Britain at less than 48. 8d. without profit.

Mr. Levy said that British Icons producing this class of silk were

!

WHEAT LOW RECORD

+

IN CHICAGO DROPS TO 43) CENTS.

Chicago, Oct. 20.-With moun-

closing down and that unless the tains of wheat bulging the grana- Guvernment neted promptly, theries of America, ready to be cx- industry would soon be dead..

Duties

to

be Examined.

ported at any price or burned for fuel, the price of the world's great- est staple. to-day dropped to the lowest point ever recarted in his-

The Chancellor of the Exchequer hus asked the Import Duties Ad-tory. visory Committee to investigate, the whale position of the silk duties and said it was open to the British silk industry to make representations to the Committee, announced, Mr. Burgin.

Mr. Remer (Can., Macclesfield) who also drew attention to the dumping of Japanese textiles, said

Recently the dip in the price of what shattered all previous lows except during Queen Elizabeth's reign almost 400 years ago, To-lay that mark was passed, and nowhere in history of commerce could be found figure to equal the low recorded on the Chicago Board of Trade for December wheat of 438

conta.

December wheat rallied at the recovering to 441 conta, close,

that a certain quality of Japanese silk cloth was being sold at 28. 9d. a yard (having paid a duty of la. 2d.) whereas the Macclesfield pro- ducers estimated the cost of produc-identical with the lowest price of

the Elizabethan era, tion at 4s. 1d. per yard.

LONDON EXCHANGE

RATES

[BRITISH WIRELESS SERVICE.]

Rugby, Nov. 1, 941/10

Paris New York Montreal Brussels

Congra Amsterdam

3 30! 3 04 93.741 17.12

inter 8.21.

04 0/10

Milso Berlin

Vienna

13.80 19 3/32 10 7/32 199

Stockholm, Copenhagen...

AMERICAN ORIENTAL FINANCE CORPORATION

Oslo

2 nom.

Prague Helsingfors

111)

2:30

Mudrid

40h

Lisbon

108

575,

Bucharest Belgrado

*5571

242f

Athens

- Rio

Buenos Aires

through its Agent

Asia Lands Limited

Gloucester Building

i: offers a

COMPLETE" BROKERAGE

SERVICE"

NEW YORK STOCKS Full_and_Odd" Lota” of listed. Besarities bought and sold for or carried on conservative

Phone 28380. Cable LASTALANDE

Yokohama...... Silver (Spot) Silver (Forward)"

Montevideo:

Bombay Shanghai

Hong Kong

51 nom: Nominal

30 nom.

1/8 11/64

1/11

T/T7/10-

18 3/10 181

The plunge in price was due to the race between the United States and Canada. to dispose of the vast surplusses abroad before Agrentin- ian and Australian crops are har vested.

Longs dumped their holdings and the prices sank downward.

The rally at the close was credit- ed to competition -"among buying countries for bargain prices white | they lasted.

Tradors, however, saw little hope for any marked improvement, since the nation possesses 1,200,000,000 bushels of grair against ... world need of 700,000,000 bushels..

Additional bearish reports were

received from the southern hemis phere, indicating huge crops will be available there when the harvest is started in Jahddry.

The lowest price of wheat on ro eprd was reached after futile efforts of the administration at Washing ton to boost prices, by modifying the rules of the grain futures ad ministration.

This effort, launched by Secretary. of Agriculture Arthur M. "Hyde, was the suspension of the rule of the grain futures administration on huge, block sales.;

The unprecedented price of wheat recalling the Elizabótkan era, also recalled strange parallele in hard times.

DUBLIN, Nov. 2,

nounces that it is arranging ta

Lured goods the amount of the duty they are required to pay on goods entering England.

A list of the goods to which this applies is expected to be published shortly,

NEW YORK STOCK EXCHANGE

A.O.F.C. QUOTATIONS

New York, Nov, 1. Dow Jones averages --- Oct. Nov.

31.

1. Charge.. 30. Industrials 31.00 00.22 .88 down 20 Rails 28.01 28.88 1.13 down 20 Utilities... 27.45 26.84 .81 down

Heagra. E, A, Plerca and Co.

Report,

In view of the action of the market therò is nothing to do ex cept stand aside, awaiting develop-

ments.

Business done: 800,000 shares. Lliv.

Last Sale.

Per

Oct. Nov Share.

31.

713 +401

83.00 Air Reduction. 853), #51)

8.00 Allied Chemical

and Dye

731 4.00 American -Can. .52* * 0.00 American Tole- graph and Tele- phono

5.00 American

with Russie until the Soviet mu- thorities attempted to pay their debts.

After speeches advocating this viewpoint, Lord Templaton, for... the Government, announced their inability to accept the motion.

Growth of Trade.

He explained that British trade with Russia had increased from £2,000,000 in 1998 to £7.000.000 in

1931. The country wou'd only he doing itself harm by cutting off trade relatious. The stoppage of trade with Russis would increase unemployment in Britain And would certainly not contribute to wards persuading the Soviet to.. pay her debts.

The motion was withdrawn.

Prohibition Clause.

In the House of Commons, the subject of discussion as Clause- Five of the Ottawa Agreement which is designed to prevent the frustration of the Ottawa Prefer- ences by foreign State, actions, spiccifically aimed against Russia.

The Labour Party moved an amendment providing that the powers granted to the President of the Board of Trade to prevent the

the frustration of

Preferences should not become effective without public enquiry.

This was opposed by the Chan- cellor of the Exchequer and finally defeated by 38 votes to 40

Mr. Hore-Belisha, Financial Secretary to the Treasury, described the clause as a shield not a apear against Russia.

He declared that the Soviet re- ceived from Great Britain better treatment than it obtained from any other country, for we paid cash for what we bought from Russin and financed what we sold to her..

EXCHANGE.

CLOSING QUOTATIONE.

Telegraphie Transfor... 1/4

Bank Bills, on demand 1/4)

Bank Bill, months'

right

T

Credits, 4 months'

sight

arri

1/3

ON NEW YORK:—

Bank Billa, on demand 221

Credits, 60 days' night, 23) ON PARIS:

Bank Bills, on demand 5674 Crodita, 4 months' sight 6074. ON BOMBAY

Telegraphic Transfer

Baik, on demand ....

ON CALOUTTA ----

Telegraphio Transfer

Bank, on demand ...

1991

1039

1003

To-

bacco "B" 002 Anaconda Cop

05)

per Mining

B%

at

November 2, 1933.

On London:-.

4.00 Auburn

417

407

2.00 Borden Co. .... 95)

Canadian

231

Pacific 13 100 Chrysler Motors 14 4.00 Con soʻlidated Clas of New York ...... 57% 4.00 Drugs, Inc. 2,00 Du Pont de

13)

13!

83)

301 -

305

Nemours

34

321

3.00 Eastman Kodak 514 6% 8. Electric Bond &

491

Share

22)

?

ON SHANGILAX $--

151

Bank, at sight

} 702

251

ON YOKOHAMA :- -|

On demand

13

17

k. Harvester 21 International

201

Tel, and Tel.

Om SAIGON:-On demand

of

ર

O Bando

50

N

3.00 Loow's Inc. 201.

Montgomery

253

HAR BIL, pez (5 minu 18 8/18

111

0.40 General Electria. 15)

2,00 General Foods 28 1:00 General Motors 12% 1.00 Gillette Safety. 174 1.20 International

4.00 Liggett & Myers

Ward 113 2.60 National Biscuit 30 2.00 Pacifo Gae and

Railway

UN MANILA-Op demand... 44. ON SINGAPORN;--

On demand... 523

OM BATAVIA:-On demand. Sty

От Нариона

On demand m

60

On: demand... 127)

Sovarstoma, Bank's Buying,

3510.80 Socony Vacuuta

Corp.

Electric ... 273

ownsylvania

201

1.20 Union Carbide

133

Radio Corpora

and Carbon 0.00 Upion Pacific... ob

United States.

BIR-

tion

f

Steel

Sears Roebuck. 181

251

Top of New Jersey (Oontinued at foot of next coly

-Ex dividend.

y-cent basis

1.00 Standard Oil Co.

Westinghouse

Band M..