1932-11-16 — Page 12

12

DAILY SHARE QUOTATIONS

HONG KONG STOCK

EXCHANGE:

1

Hagar Battere

Ha! Nauntual

TUESDAY.

· NOV. 15.

$1,600 EL.K. Banks

Banks

SHAREBROKERS

ASSOCIATION.

Buy

Ballere

Balco Haloal

$1,055

P

}}}}

214

£234

Do. (London)---| Chartered Banke ... Morcantile Bks. "A"

Do.

201

8100

Bank of East Asia...

$108

N. C. & S. Baris

Ain. O. Fie Corp:

3

26

China

Fin. Corp, Uni.

€4,0

No. Prof.

Insurances

$2.40

$1,200

$2.39

Canton insuranc$1,315 Underwriters

#12 Union Inazuraucos ...

102 China Fires

$1,180 .K. Fires.

International Ansço..

dalpping

44

HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 16, 1932,

MONEY AND MARKETS

$6,000,000 LOAN UNDERWRITTEN

NEW ERA IN ANGLO- CHINESE FRIENDSHIP

*[IHROUGH ARETER'S AGENCY.]

ing

IL

Saxena, Nov. 13, WHAT is regarded as come new era in Anglo- Chits friendship has been herald. 1877

ed by the annotincemment that the $1,800 well-known British Gyni of Benja in and Potts in underwriting, guaranteeing

isning and $8,000,000 loan to the Municipality of Greater Shanghai.

...

**

24.10

320

Douglas

325

893) Steamboats

193

$46

indos (prof.).....

55/

532

Do det

80.

30,7 Shells

50%.

Water-Fouth

$314

Minica

14

$181

Bongusta

$18

•

20/

Kilaus

25/

4.4

1.4 1.2

+41

$490

2 816

$14B 342

3:06

22 CH.

Venezuela Gold Fids. 24.10

Langkats (single).......!

12.10 Explorations.........

12.30 Shanghai To...

Riabi......

Texnol Mines Bongut Explorations

Wharves, Ucdowna, ato. H.K. & K Wharvon. Providents (old)

va

Todo New Engineeriaga

a

The loner, will be devoted solely to the rehabilitation of the war- devastated areas of Greater Shang hai and certain important schemes cď dovelopment.

Manths of planning were requir el before the details of the loan were developed and finally com- pleted by Mr. T. V. Song, the Einar Muister of the National. $10.39 Government, Mr. Wu Tich Chen, Mayor of Greater Shanghai, and Mr Ellis Hayim, the prominent Shanghai financier.

itts

Wharfage Security. Security for the loan is in the wharfage dues of Shanghai and all arrangements for the servies of the lean will be taken over by the 1.89) Hong Kong and Shangdini Banking 1.88 Corporation.

$148

34,81

(new)...

$2.90

11.6 &W, Docks

#10

18

5. China Motors* Â*

Du.

"Z"

$10 310

Shanghai Decks ...

Tezo Hongkow

Lands, Hotels, and

Buildings

$11.45

3111

H.K. Hotels (old) | #11.40)

Do. (new)

511

781/79

H.K. Lande

$791

1.94

Shanghai Lauda „

T.10

Metropolitan Landa..

*ཚོ་

H.K. ito.lties. 3.4%

$0.46

(T11.40] China. Do

1.9.1 Do Debentures

'516

Humphreys | $15j

$140

Asin Healtios "A"M

120

Do. "B"M

Chinese Estate.....

1781

39440

113.30

$100

Cotton Mills

Ewos

T.71 Blai Cotions.......................

Zoug Sings summ Wing On Textiles(S.)

Public Utilities

A

Tramways...

(now)...

Do,

Peak Trama (old)...

Star Furrica

Yaumati Ferries (old)

Tractions

44

T.16

TH.NO

T11.181

T.72

Talk

8146

$148

$27

$22 $15)

$10! 573

$8

1044/05

194

$33)

Do.

(now)

335 $34

$17.40

China Lights (old)...

$17.33

$17

Do. (now)...

$183.

$72

II.K. Electrica $78

Macao do.

Sandakan Lights...

328

Do..

$30 Telophones (old) ......

€28+

(DW)***

3277

P.10

China Buses ..........

9/-

14.

Do.

(prof.)..

Industrials

827

Malabon Bugars

T.14

Caldbeck,

(ord.)

T10

Macgregors (pref.)

Canton Ices

$5,40

Caments (estab.)...

$13.40

$113

(old)...

Do.

· (now)...

........] $12,10)

$1210

Miscellaneous

$29.5%

$2.00

Dairy Farmi.............

$1

Dar A Wings.........

$16

Amusementa

$13 $8.20

Ch. E'tainments...... $122

Constructions, (old)

$1,38

De.

(LOW);

34.20 $1.40

$5,00

Lane Crawfords... es

$21

Mackinwahr

Nauyang Tobacco...

$188

Sinceras.........................

$193

Watrous (ok) ................

$124

$11.40

Do. now).......

$191

$3,35

Wr. Fowells

$3,20

Sto

al, Greyhounds......

$31

8. C. Enterprisen...

United Thostres

B. Ind. G. Booda.....| 894*),

H.K. Gort, Loanu... $102'

pren.

$10.15/

Wallace Harper.....

FR1

$10

China Sporta Ltd...

$235

H.K. Wing Ou

Do.

3235 3216

B21

$10

Do

Reper

Che Agricultures

LOCAL AND REGULAR OUTWARD MAILS,

Canton ...

Famahal and Wuchow (By)

direct steamer)

128.80

+

Mr. Wn Tieh Chen, in an inter- view. with Reuter, said: "It is a matter of real gratification that a British group has come forward In nasist. the City Government in raising the money essential for re- construction work in Shanghai."

TRADE BARRIERS IN EUROPE

BRITAIN AND EXCHANGE RESTRICTIONS

[HRITISH WIRELESS SERVICE.)

RUGBY. Nov, 14. ASKED if any arrangements had bees reached with the Hun- garian Government to rufax the exchange restrictions affecting British trade, the Parliamentary Secretary to the Board of Trade, Major Colville, said the position was unsatisfactory.

It was, he said, one of particular necessitating difficulty and special enusideration,

Regarding the Greek currency restrictions, Major Colville said. the Government were not satisfied with the treatment of British creditors and representations were being made to the Greek Govern- jment.

Was

MALAYAN TEA INDUSTRY

GOVERNMENT HELP TO

GROWERS

HONG KONG STOCK LONDON EXCHANGE

MARKET

YESTERDAY'S OFFICIAL-

QUOTATIONS

Another quiet and featureless day, with some of the lower-priced issites ansier and sagging. On the other hand, the investment section kreps very steady, notably Wharves, which have advanced a full point and a half, sales being reported at $1401.

Raul $30.10.

Sales.

Benguet Exploration, 22 mts. ILK., & Wharves, 81491. Hong Kong Lands, $is). Dairy Farms, 825.00.

Buyers.

Canton Insurances, $1,290. China Underwriters, 82.83. Union Waterboats, 821. · Yenz: Goldfields, 84.20. Benguet Explorations, 2 cents. H.K. & K. Wharves, $1-18; Providents (Old), $ij. Providents (New), $2. Hotels (Old), 811.5. Hong Kong, Lande, 9781. H.K. Realties, $9,10. Ewo Cottons, T. 14.80. Zoong Sings. Ths. 11.15. Peak Trains (New). 88. 1.K. Electrics, 8781. Macno Electrics, 8. Coments (New), {2}.. Hong Kong Ropes, 912.10. Dairy Farms, 893. Entertainments, $12. Constructions (Old), 86.20. Constructions (New), 81.33.

B. Ind. G. Bonds, C. FI.K, Govt. Lonus 2 Perma,

Bellers, Agricultural, $10. Wallace Harpers, 810.16.

FINANCIAL NOTES FROM LONDON

STOCK EXCHANGE COMMISSIONS

(Special Air-Mail Service)

RATES

[NRITISH WIRELESя ALUVICE.)

Paris New York

Rugby, Nov. 14.

85 1/32

·3.33

Montreal

3.776

Brussels

Genova Amsterdam Milan....... Berl'n Stockholm Copenhagra

Oslo

24 1/32 17.32)

8 20

03:1/16 14.004 18.85).

103;

10 11/10

Vichna Prague

281

112

Holain fors

230

Madrid

10 25/39

Lisbon

1003

3542-

635

Athens

Bucharest

Belgrada Rio

Buenos Aires Montevideo Rombay ....

Hong Kong Yokohama

2:2)

5 nom

Nominal

30 nom.

1/03/16 1/40

d

1/3 3/10

Silver (Spos)

Silver (Farwa d) .........

14

10

War Loan Aszent d...

NEW YORK STOCK EXCHANGE

A.O.F.C. QUOTATIONS.

Now York, Nov. 14. Dow Jones Averages:--- Nov. Nov,

.12. 14. Change. 30 Industrial C8.01 45.67 2.47 down 20 Tails 30.01 20.31 1.30 down 20 Utilities... 23.00 29.03 .67 down Messrs. E, A. Pierce and Co. Report.

A good quality of support was encountered by the market on irre- gular weakness to-day. We would Ray, from a trading standpoint, the policy would be to purchase on any údditional irregularity to-morrow Business done: 1,300,000 shares. Div.

Last Salo Nov. Nor.

Per

London, Oct, 18.-Yesterday the Share, Stock Exchange Committee con 83.00 Air Reduction... $59) firmed their decision to reduce the 0,00 Allied Chemical share of commission allowed to agents, other than banks, from

cent. to be 80 to 33.1/3 per effective from January 1. Surprise was expressed hy some brokers at the delay in bringing the rule into force, as they considered, the dange might be effected next month, but a suggested explanation was that, it might allow time for further negotiations with the banks with a view to a reduction in their share of the commission from.50 per cent. It is understood that no fresh opposition by those who advocate a cut in the banke' share will be or ganised until next March when the annual election of the Stock Ex- change Committee takes place Daily Telegraph.

of

Slight Decline in Idle Shipping. Oct. 22. The Chamber Shipping reports that there were Kuala Lumpur, Oct. 20-More laid up on October 1. in the ports import duties are 'aunouneed by the of Gt Britain and Ireland 871 F.M.8. Government to-day. They vessels, of 2,181,005 tons net. These Д decrease of are generally in accordance with figures represent

the

Retrenchment Commission's 14,445 tons net, or 0.7 per cent on proposals and have nothing to do the returns for July 1, hut an in- with Ottawa. It is understood that, crease of 92,252 tons net, or 4.4 per the Chief Secretary will deal with cent on the figures for October t these and other recent changes in of last year.-The Times. the F.M.B. tariff in his speech on the Budget in the Federal Council on Monday,

Australia's Recovery.

Oct. 20.-Australia's feat in con- vorting the adverse trade balaner of £41,000,000 in 1929 to last year's credit balance of £34,000000 was de- seribed on Oct. 10. by Mr. A. E. Hyland. Director of Australian Trade Publictiy, as the most out standing example in the whole his tory of the world in the restora: tion of national credit. Mr. Hyland said it would be foolish to maintain that the crisis had passed, but the prospect of it had been diminished and the situation very much relieved. The Bulletin.

A duty of five cents a pound on sugar, will be warmly welcomed by planters and Chinese smallholders as it will open a large new market for them. The local supply is still very small, however, there being less than 3,000 acres under this crop in the F.M.S. and the annual im ports are about 6,000,000 pounds.

Boh Plantations have 600 acres of high class tea at Cameron High lands, and there is ono sull Euro pean property in Perak and an- other in Selangor. Chinese small,

Good Bign for the World. {7.15 am. & 17,00 am. & holdings are producing a jow gradė {5.00 px,

of tea used mainly by Chinese min- Dot. 21-An increase of Ameri ing.coolies.

on's export trade in raw materials 4.00 p.m.

Bigia Estate, a large property in is an essentially good sign for the Kedah, will pay the British pro- world. Her exports in raw cotton (8.10 am & 18 20 am, & fercatial rate of six cents on tea mainly account for the rise in her

17.00 pm

9.00a.m.

WEEK DAYS,

SUNDAYS & HOLIDAYS

FUR

Fuon G.P.0.

-FOX ÜHRUNGWAN. BRANCH P.0,

FROM G.P.O.

FROX SHRUNG WAM BRANCH ያዕ.

4,00 p.m.

7.16 am, & 7,00 1.m. 10.00 0.

17.00 pe

1.00 F

77.16 .. &| | 780 (1.10 2.

{1,80p]

6,0) p.z.

1.15 p. Bandaya. 8.16 am only 6,00. Jun

5.00 p..

7.162.1.

7.10 am,

11,000

· 1.00 paani

Macao & Trineban

Jongmoon (except Baturdays). 7,00 p.m.

Kankong (e copt Baturdays).

Fatshan and Wuchow (y)

Train)

Tai O

Tel Po

Shumchun.

Chuuzgohow":

Aberdeen Stanley

Antan

shui

Badrung ***

Nathan, #Fekk 2 Tah

Tamen)

(9,00 nm, &

| 8,00 pan;: 1

3,00 am,& |3.00 pm.

1.00 pm. &

15,00 p

8,00 A.1,

11:30 p.13. 6.30 4.00

9.00

11.00 1, 4.1.1,00 am.

& 5,00

8.00 eze

13,00 Baba

10.30

--8.00 μm

10.30 B

1.80 pra.

Bunday 8.30 am. only 76.00 p.m.

0,00

exported to the F.M.S.

exporta in September by nearly

12

14

€57]

and Dye

4.00 American Can. 67) 9.00 American Tele-

701

·001

graph and Tele-

phono

1101

6.00 American

To-

bacco "B"

712

08

Anaconda Cop-

per Mining

4.00 Auburn ... 491 2,00

10% 451

Borden Cb, da 271 Canadian

201

137

10

41 381

37

371

53

231

17)

Pacifio 14 1.00 Chrysler Motors 17 4.00. Consolidated Gas of Now York ...... 4.00 Drugs, Inc. .... 2.00 Du Pont de

Nemours... 30) 3.00 Eastman Kodak 54) 6. Electric Bond &

Share ..

281 0.40 General Electric 18 2.00 General Foods 27 1.00 General Motors 152 1.00 Gilletto 'Safety 18 1.20 International

J

Harvester 25) International

Tel. and Tel. 11

4.00 Lixgett & Myers

"B"

621 3.00 Loow's Inc. 201

* Montgomery

•

17k

231

2.60 2.00

Ward 14 National Bircuit 417 Pacific Gas and Electric

131

404

281 281

Pennsylvania

Railway

18

100

Radio Corpora- tion .............. Sears Roobuck. 22). 1.00 Standard Oil Co.

209

324

01

.98

25

of New Jersey. 32% 0.40 Socony-Vacuum

Corp.

1.20 Union Carbide

and Carbón ·93 6.00 Union Pacific... 70

United States Steel

Westinghouse

·30)

7

E and M. 314.

It is doubtful whether the Bri- £5,000,000, When that cotton is 468,678 packages, compared with Lish preference will help India and turned into textiles, the exports of 368.678 packages in September 1831 Ceylon growers much as most of the Britain and other ninnufacturing and the general outlook is gradua!" Java tos used in Malaya comes vin countries will show an increase, ly improving Evening Standart, Ceylon, having been blended with and this change for the better in Coylon brands.

American exports can be read as Mr. Montage Norman on World -one-of-the-signs-that the world is

Trade Tangles,~~~ recovering from the slump. Event 22-The Governor of the ing Standard.

ཡ-ནས་

Other Duties,

South Africa's Trade.

A duty of five cents pound on

Bank of England Mr. Montagu sugar, with two cents British pre

Norman, speaking at the Lord ME ference, is not in accordance with

Oct. 21.-The terms of the Ottawa yor's banquet given to banking in the retrenchment report, which agreements have created a feeling toreats, yesterday, expressed the made no mention of sugar. This of optimiam in South Africa, Goodhope that there would be an im duty may help Mauritius and Bri- competition for wools is being wit

provement in trade in the near fu tish Guiana, producers and possibly nessed at the, sales, with French ture. He made the suggestion that the nipah distilleries of Malays buyers prominent. A brisk demand the banks and accepting houses Other duties, ont saccharins, fire--for diamonds is reported, and prices should co-operate for the institu working bilelakk kolom BTW) BY HOW, su per came atthe twestionof some clearinghouse of"]U= gran and rush manufactures, are figure, touched in June Exports formation, in regard to oversad animportant except in so far as during Septembar ambunted 10 borrowers, and this has attracted they may stimulate new local manu (Continued as foot of nea

widespread attention.-The Times.

factures.

ANGLO-RUSSIAN TRADE

SOVIET FAIL TO REPLY TO BRITISH NOTE

mocou RECTER'S ADENCY.]

RUGBY, Nov. M.

THE Prince Minister, in the House of Commons, stated that no reply has yet been received from!

the the Soviet Government to British Noty of October 17 regard ing the termination of the 'Anglo. Russian Trade Agreement.

Last Friday, the Foreign Scere- tary, in conversation with the Soviet Ambassador, impressed upon him that so far from seeking to injure Anglo-Russian trade as had been suggested in some quarters, the British Government desired to se- euro its volopment on, proper

terms.

OFFICIAL POINT OF VIEW

(Special Air-Hall Service)

London, Oct. 21-From the official point of view, the position about the Russina trade agreement may be summarised as follows. On Oct. 17. the British Government sent

TEA RESTRICTION SCHEME

· AGREEMENT REPORT.

PREMATURE

(THROUGH REUTER'S AGENCY.]

LONDON, Nov. 14.

THE Financial Times says that

reports that an agreement has beon reached botween British and Dutch producers regarding tea re- strictions are premature.

None of the governments concern- od have yet declared their willing ness to co-operate in the selioms, though it is believed that the nego tiations will ultimately prove suc oesful.

EXCHANGE.

CLOSING QUOTATIONS.

November 15, 1932 Dr Lordon:-

Telegraphic Transfer... 1/4 Bank Bills, on demand 1/4) Bank Billa, 4 months

sight Credits, 4

sight

On New YorT:—

རྟ་ ཚུ

months'

Bank Bills, ou demand 298 Credits, 60 days' sight. 234 ON PARIS:-

Bank Bill, on dewand 670 Credits, 4 months' aight 610 ON BOMBAY :-

Telegraphio Transfer. Bank, on demand. UN CALCUTTA :—

Telegraphic Transfor Bank, on demand... ON SHANGHAI ¦--

Bank, at sight}758

On demand

1042

Note to the Soviet Government | ON YOKOHAMA: -- giving six months notice for the On demand termination of the temporary trade | ON MANILA-On demand..... 443 agreement, as was made necessary ON SINGAPORE:-- by the well-known clause in the

877 Ottawa agreemont. The Govern Om Batavia:-On demand, stł ment is now awaiting the Russian ON HAIPHONG;--

On demand reply to this Note. As Mr. Thomas explained when making the an Os 841008: On demand 07 nouncement in the House of Com On BanoxOK :—, mons, the Note states that the Gov-

On demand.

138 ernment remain anxious for the BOVERSIONS, Bank's Buying furtherance of trade with Sovjet

Bate

1/4 Russin and are prepared to enter | BAR SILVER. DAF (2 m. 177 into discussion for the promotion of this end at the earliest moment." As soon as the Foreign Office hear that the Russians are ready to

CORPORATION

-A COMPLETE

SERVICE

A complete brokerage service for New York Stooks in available at our local Agents:

tart negotiations for a fresh agree. AMERICAN ORIENTAL FINANCE ment they will be opened at the earliest possible moment. In offi- cial quarters emphasis is Inid on the fact that, far from having any. intention of simply tearing up the existing agreement and leaving trade relations with Russia in the air, the Government has the 'inten- tion of endeavouring to make a fresh agreement which, while it guarantees the Dominion preferen- ces against interference by

dump- ing will encourage trade with Russia to the fullest extent possiblo, The Government is declared to be fully alive to the importance of expanding trade with Russia and will do everything on its side to make a batiafactory arrangement for the future, as this is so obvions ly in the interests bath of Russia and of this country.

THEY

Asia Lands Limited

Gloucestor Building.

Daily Quotations sont--gratis ➡upon request.

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The busy little bees they buzz, Bulls bellow and cows moo, The watch dog barks, the gander

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* for our representative and we will provide material for your Autumn advertising campaign.

THE HONGKONG DAILY PRESS