1932-11-25 — Page 12

12

HONG KONG DAILY PRESS, FRIDAY, NOVEMBER 25, 1932.

MONEY AND MARKETS

LONDON STOCK

EXCHANGE

(THROUGH REUTER'S AGENCY.)

London, Nov. 23

stoimenu

HONG KONG STOCK MARKET

YESTERDAY'S OFFICIAL

REPORT

Gilt-edged securition are strong. Other sections of the market, after Markets displayed a better tons some brisk improving, eloned ansier in symtoday, and there was

bidding for China Lights and pathy with Wall Street.

To-day's Cements, both of which were mark Priced up, the latter in particular spurting up to $13.23 cash.

The remainder of the fist calls

Sales.

for no comment.

Hong Kong Realties, 89.10 Hong Kong Trans, $21.10. China Lights (Old), 814,40.

Buyers.

Underwriter, 82.80. International Assen, 849. Douglases, $26.

Venz: Goldfields, 81.20

Benguet Explorations, a cents. Providents (OLD), 84.70. Hotels (Old), 811.

Burmah Oil

Last Prico. 63/9

03/0

Anglo-Persian Oil. 46/3

4673

Moxican Engl

7/3

7/3

Royal Dutch

€18-1/4

£18-1/4

Coats

46/0

45/0

Daily Mail Trust.. 31.

31/0

Imperial Chemical 23/6

21/

Imporial Tobacuo 95).

05/3

Guinness

70/8

80/0

Distillors............

53/-

Di/-

General Electrio. 40/

40/-

Electric Musionl

Inistries

12/1

12/45

Union' Waterboats, Bel

Turner and Newall 2373

Flaubs, $101.

492/-

Linilever

32/

31/0

Vickers

0/71

8/71

Woulworth

07/-

08/-

Ford Motors

22/0

22/8

Crown Mines

831/3

130/7)

Sub Nigel

125/7). 125/71

Chartered

Listen Tin

0/-

Burma Corpn. -

10/3

18/3 13/11

0/1 10/4

Anglo-Dateli

10/0

10/6

International

Nickel $199.

0121

Hydro-Electric

......

201

Brazilian Traction $12)

813

Intentioni.

Holdinge

811

"Shell" Transport

and Tru, Örd,

(Bearer)...... 18/0

40/41

Thomas Tilling

www

35/0

Courtaulds ... 31/0

International Ten

Stores

30/0 31/3

09/1 20/10

Everready

28/7

28/6

Pinchin Johnson

2773

27/

Pokin Syndicate

1/0 1/0

Hong Kong Realties, 90.10. Shanghai Cottons, Tia. Zoong Sings. Tl4. 133. China Lights (Old), $141. China Lights (Now), 814..

HK. Electrics, 87710 Meno Electrics, 899. Telephones (New), $20.30. Cements (Combined), 813.20. Comenta (New). 82). Entertainmenzin, 8193, Constructions (New), 81.35. B. Ind. G 8 Bonils, 00%. J.K. Govt. Loans, 21% Prem.

Sellers.

Bank of East Asia, $104. - Hong Kong Trams, $211. Yaumati Ferries (Old), 835. Youmati Ferrios (New), 83}}, China Lights (Old), 814.60. Agriculturals, $10. Wallace Harpors, 810.

NEW YORK STOCK EXCHANGE

A.O.F.C. QUOTATIONS

(REUTER'S AMERIDAN BERVICE]

New York; November 23

Dow Jones Averages: High- 1938 Low: Nov. 22

60 Industrials

20 Rails

20 Utilities

40° Bands

88.78

41.30

30.11

83.26

E. A. Pierce and Co, Report.

41.22 63.10

13.22 27.8D

18.53 28.35

60.76 78.11

Nov. 23 Change 30.47 3.00 down 28.73 1.18 down 27.22 1.13 down 77.02 .19 down

The unsettlement of the market to-day has made near term truding sentiment quite bearish and we would

with bold all purchases.

Business Dono: 1,200,000 shmros,

Nov. 23

1032

Div. &

LAST SALE

HIGH

Low PEL, Su.

Nov. 22

621

318

3.00 Air Reduction

837

87

494

6.00 Allied Chemical & Dyo

791

73%

4:00 American Can

54

137

711

9.00 American Tel. & Tel.

108)

80t

5.00 American Tobacco **B

..05

184

3

Anaconda Copper Mining

B

1511

281

11.00 Auburn

10

43

20

2.00 Borden Company

242

200

7

Canadian Pacific

131

1.00 Chrysler "Motors

102

68?

211

4.00 Consolidated Gas of N.Y.

58

07

23

4.00 Drugs, Inc.

31

501

22

2.00 Du Pont de Nemoura

37.

87%

30

3.00 Eustruan Kodak

542

451

5

0% 8. Electric Bond & Share

217

20

BA

0.40 General Electric

164

401

194

2.00 General Foods

241

249

7

1.00 General Motors

14

10%

1.00 Gilletto Safely

18

20

1.20 International Harvester

221

20

International Tol. & Tek

DI

4.00 Liggett Myers "B"

50

361

13

3.00 Loow's Inc.

254

161

-Montgomery Ward

14

2,80 National Biscuit

39

2,00 Pacific Gas & Electric

29

23

Pennsylvania Railway

14

12

Radio Corpn...............

01

Scars Roebuck ....................

201

1.00 Standard Oil Co. of New

31

81

251

711

35

Jorney

0.40 Socony Vacuum Corpn........ 1.20 Union Carbide & Carbon 3.00 Union Pacific

United States Steel........ Wostinghouse E. & M.

5 7 7 8 8 - * * = = ⠀ ⠀ 3 ! ⠀ ÷ 8 2£****££57-5 3-568

Hong Kong Weekly Press

Hong Kong's Vehicular Ferry:

Police Inspector on Trial:

Farewell to Mr. A. H. Ferguson.

Gleneagle's Now Record:

Local Sport:

Cricket, Football, Golf, Yachting, etc.

and

Other Interesting Features.

THE PAPER WITH THE YELLOW COVER

Price-30 Cents.

Annual Subscription: Hong Kong, 813; Post Free to any address, 818; Quarterly Subscription, $4.50. Orgs should be sent to the

HONG KONG DAILY PRESS, LID. TELEPHONE: 30251.

11, Ian HovSH STREET,

FINANCIAL NOTES FROM LONDON

Chrysler Dividend: Willys Capital. Eeduction: Conversion Loan: East's Hoarded Wealth. (@pecial Air-Hall Service)

LONDON, Nov, &

of

On October 31st the Treasury gave three nonths" notice of re

.1033 payment on Feb. 1., £114,607,894 8 p.c. Treasury bonds, so that expectations have been fully confirmed. As saticipated, also, the Chancellor reserved the disclosure of his re-financing plans for later date. It is generally believed, that these arrangements will be an nounced some time this mouth.

•

Chrysler Dividend.

A

RETIREMENT OF MR. H. D. C. JONES

SENIOR MANAGER OF HONG KONG & S'HAI BANK

(Special Air-Mail Service)

TO-DAY'S WIRELESS

PROGRAMME

BROADCAST BY Z.B.W. ON 355 METRES

11 to 11.30 à.m.-Stock and ex-

change quotations. 11.30 am-Chinese prógramme. 12.30 pin.--European programme of

Columbia and Regal records, 1 p.m.-Local time and weather

report. 1.50 p.m.-Rugby Press. news, etc.

p.m.-Close dow

AUSTRALIA-U.S.A. TENNIS

DOUBLES MATCH

UNFINISHED

· [THEOUGH BEITER'S AGENCY.]

Bristane, Nov. 91, IN the Lawn Tennis Australia-

U.S.A. Test Match: Gled Hill bent Sprouts 0/4, 8/4. Allison bent Moon 12/10, 6/1, Van Ryn bent M. O. Grath 6/3,

LONDON, Nov 8. Mr. H. D. G. Jones, the senior manager of the Hong Kong and Shanghai Banking Corporation, London, has retired after a service to 7 p.m.-Chinese programms, of over 50 years. Mr. Jones join-7 to 10.30 p.m.-European pro-5/7. ed the bank in 1882, and after serving the usual probationary 7 p.m.-Stock quotations, etc period in its London office, he pro- 7.00 to 8.40.m.-A programme of

Columbia and Regal records, ceeded to the East in 1884, subse- quently becoming manager t7.03 to 7.30 p.m. Manila and Yokohama reapeotive-

gramme.

tque,"

Variety.

Fox Trot" Fanfare - Dreams Tha Don't, Grow Old"-The Masqueradors. -OB-464 Song- Cuban Love

I

Song."

Ruth Etting (Comedienue).- Į MR507.

ly. He eventually returned to theFox Trot-- Fanfare - Martini- London office to take up the joint managership in 1919. Mr. Jones during his banking career in Lan- don has followed closely the pro- bloms of British banking and fin- ance. He is a Fellow of the In- destitute of Bankers, and a member of the committee of the British Overseas Bankers' Association, of which body he is also past chair- He is succeeded as senior manager in London by Mr. Oliver John Barnes from the Bank's Cbl-

The Chrysler Corporation tins clared the regular quarterly divi. dend of 5 cents per share, de apite a not loss of £1.245,315 for the nine months to September 30. compared with n net profit of £751,200 for the corresponding cutta office.

period of last year. The net lows; for the quarter ended September 20 totalled £1,069,329 at par against a net profit of £237,910 at par for the preceding quarter and a net profit of £303,703 nt par corresponding period of 1931.

for the

Willys Capital Reduction.

In a circular letter to its share- holders, Willys Overland Crossley, Ltd. give details of a scheme which a reduction of will necessitate capital by the writing down of the preferred ordinary shares from 12. cach to Os. cach and the ordinary shares from Ra, each bo od each, and the return of 23, d. per share in respect of each of the preferred ordinary shares. After effect has been given to the scheme the share capital will consist of 1,000,000 0 per cont, cumulative participating 1 preferred ordinary shares of 68. hchand 500,000 ordinary shares of Gil. ench, making a total of C312,500 The share capital of the company

reduced in July,

war

1026, by writing 88. off each of the 1,000,000 $1. ten per cent preferred shares and 18 off the 300,000 £1 ordinary shares.

The Conversion Loan. Although the British Government scored

its a great success with £300,000,000 loan in 3 per cent, stock at 971 the amount being mors than covered in less than three and

quarter hours, during which time the lists were open, Mr. Chamberlain, Chancellor of the Exchequer, in referring to the fact that the conversion operations had meant the saving of something in the region of £30,000,000 interest, said he must utter one word of warning because he saw that it was sometimes assumed that those sav

inge could immediately be trane lated into a corresponding reduc- tion of taxation. That was an at sumption, which depended on an- other assumption-that the yield of the main sources of our revenue still continued to maintain the same level as last year.

It must be borne in mind that the advantage which we had obtained from the conversion operation was not confined to the saving in na tional expenditure; it led natural ly to the general lowering of in- Carest upon all borrowings, this eventually enabling industry to obtain its capital more easily, and even at cheaper rates.

East's Hoarded Wealth, The case for 2

return to bi- metallism by the rohabilitation of silver is urged by Sir Robort Horne in the Incorporated Secre Laries Journal" published on Nov. 3. We should bring silver to the aid of gold. In doing so, we shall

man.

NEW FIGHTING 'PLANE

SPEED OF FOUR MILES A MINUTE

(Special Air-Mail Service)

LONDON, Nov. 8. The fastest military aeroplano, in the world, with the possible ex- ception of the R.A.F. Fury will be shown for the first time publicly at] the Paris Aero Show, which opens on. November 13. This machine, which is British, is the Fairey Firefly single seater, and it is claimed that there is no aeroplane with such capabilities on the Con- tinent. Equipped with a 500 h.p. supercharged engine, the machine can attain a speed of pearly, four miles a minute.

SHANGHAI SHARE MARKET

CARROLL BROS, CABLED QUOTATIONS.

Messra Carroll Bros has forward- ed us the following latest enbied quotations of Shanghai Sharca,

Tls. China Finance Corp. i 0.00 International Investment

Trust Co. (Ord.) Cathay Land Yangtze Finance Co. International Assurance Co. 4.25 China Realty Co. Shanghai Land Investment

A TAPART

1

8.00 11.40 7,10

11.00

23.00

DS,00

Co. New Engineering and Ship

Building Works (Ord.) 0.23 Shanghai Dock and Engineer-

ing Co. Shanghai and Hongkew

wharf Co.

.239.00 Shanghai Electric Construc

tion Co. "B"

30,50 Ewo Cotton Mills Ltd. .14.70 Shanghai Cotton Manufactur

ing Co.

70.00 Zoolig Sing Cotton Mills Ltd. 11.75 American Asiatic Underwri

ters (Ord.) American Oriental Finance

Corp. "B" Asia Realty "B" Shanghai Power Co. (Pref.) 01.00 Chinese 5 per cent. Gold 8

Bonda 1925

71%

in

27.00

24.00 26.00

YACHT FOR NOTHING

(Special Air-Mail Service)

LONDON, Nov. 8. Without paying a penny two men be adding to the money of the world, and at the same time con bought at auction one of the most humble circumstances have ducting out business upon a basis already familiar and well tried. magnificent steam yachts afloat. It It will have the effect at which was built for the Prince of Monaco everyone now professes to be aim-in 1811 at a cost of £400,000. Bid- ding started in Province (Rhode ing,to get the wholesale prices Island) at £120, and, the yacht was commodities up. Not only would finally sold for £300. The pur. trade with the East, upon which chasers, John Raftery, a former en- B0 much of our prosperity has gineer on the yacht and Frank beon built up, be greatly facilitat ginacane had claims against the ed, but through the appreciation owners of the vessel for more than of the great hordes of silver. held cop, and hence did not have to in India and China, the purchas- pay anything. Because it requires ́ing power of rvast number of "our") customers would be immensely en- however, the new owners are da & crew of 60 to operate the yacht, hanced:"

bious about the possibilities of dis- posing it.

CRUISERS ATTAIN AGE-LIMIT

· (@pecial Air-Mail Service)

'' FLYING SHELL': A· NEW- GERMAN AEROPLANE

(Special Air-Mail Service)

LONDON, Nov. 8,

that in

LONDON, Nov. 8. Amongst the eight cruisers which have attained the nga limit of their class agreed upon at the London A NEW Gorman aeroplane hrs Naval Conference in 1930-in-the been designed 180 Conrua. The others are the Castor, the air it becomes "flying. Champion, Constance, Cambrian, shell, and it will carry four pas Canterbury, Centaur and Brisbane, sengere at-it is expected-180 miles The 2 cruisers nominally on the an hour. When the machine has effective list therefore include only left the ground the undercarriage 44 within the 16-age limit. Before can be drawn up, inside the body to the end of this year, another crui- reduce wind resistance to a mini- sey, the Concord,

hmit, making a total of nine ships "overage and sa within the age limit

Of all metal, construction, the machine measures about 43 ft in length and, has 5:480 hpl engine.

n

Piano Solo Baby's Birthday

Party." Pinco Solo Ten Cents

DanceBilly Mayerl-DB445, Fox Tort-"Living in Clover." Fox Trot--"Goodnight, Vienna." Orchestra,- -New Mayfair 21001

Vocal

Vines and Gled Hill drow with Moon and Sproule 8/4 1/6, 3/5 (ratch not finished).

(Sauer).- Ania Dorfası. DX328.

Octolte "Nooturno in E Flat (Chopin, arr. Willoughby), Cotetto Liebestraum (List, arr. Willoughby).-J. H. Squire Celeste Octette,-DX362

All records in the above Euro- peau programmes are supplied by Mesars. Anderar Music Co.. 8.40 to 10.27 p.m.-A programme of classical music from Z.B.W.'' Library.

Orchestral-"The Bartered Bride" Overture (Smetana).- State Opera Orchestra, Berlin Orchestral Midsummer Night'n ---Overture (Mandels-

Dream Duet-"Was That the

Nolan). Human Thing to Do?" Vocal Diet-"Can't We Talk It Over."-Layton and Johnstone, -DB801.

7.30 to 8 p.m.----

Musical Comedy. Selection The Love Parade.”— Jack Payne and his B.B.C. Dance Orchestra. - DX2. Yocal Duet "The New Muon---

Wanting You."-Evelyn Laye and Howett Worster-9752. Selection" Rose Maric. Her man Finck and his Orchestra.— DX300

Vocal Geus- The Maid of the Mountains."-Columbin Light Opera Co-DX01. p.m.-Local time and weather

report.

5.03 to 2.10 p.m.-

Instrumental. Orchestral-" Brandenburg Con- certo No. 3 in G" (For Strings) (Bach). Sir Henry J. Wood conducting the British Sym- phony Orchestra-LX 173. Violin Solo-Zapatendo" (Sara-

sale).

Violin Solo "Liebesloid" (Kreis: ler). Efrem Zimbalist.-0050. Piano Solo" Foiers of Spring

(Strauss).

13

Piano Solo" Echoes of Vienna"

(Continued on next column>

Orchestral Midsummer Night's Dream Scherzo ( Mondels- sohn).-San Francisco Sym- phony Orchestra, conducted by Alfred Hertz. "Concerto in A Minor" (Schu- mann, Op. 54).-Alfred Cortot and London Symphony Orches tra, conducted by Sir Landon Ronald.

1st Movement-Allegro affettuoso. 2nd Movement—Intorinezzo - An-

dantino grazioso

3rd Movement-Allegro vivaco, Orchestral-Peer Gynt Suite No. 1 (Grieg, Op. 10).—New Queen's Hall Light Orchestra, conducted by Georg Schnee. voigt.

Symphony No. 4..in F Minor " (Technikowaky, Op. 30).-Phila. delphin Symphony Orchestra, conducted by Leopold Stokow- ski.

1st Movement-Andante acetonato

Moderato con anima

2nd Movement - Andantino in

modo di canzona.

3rd Movement-Scherzo. Pizzica.

to estinato.

4th Movement--Allegra con fuoca. 10.87 p.m.-Rugly mid-day Press

CWS..

10.30 p.m.-Close down.

This is the way to open

the new Kiwi tin—

•

KIW

BOOT POLISH

OPENING

A

twist of a coin in the specially prepared slot opens the tin and the world-famous polish is ready for use. --

Even dry, cracked leather will soon regain its natural suppleness after the use of Kiwi- Kiwi puts new life into old leather-keeps new leather young.

KIWI

ち

THE QUALITY BOOT POLISHES

•BLACK & TANS

W.

B. LOXLEY & CO.

YORK BUILDING, HONG KONG.

AMERICAN ORIENTAL FINANCE CORPORATION

A COMPLETE SERVICE

A complete brokerage service for New York Stocks is available at our local Agents:

Asia Lands Limited

Gloucestor Building.

Daily Quotations sont-gratis. ---upon request...

DODWELL & Co., Ltd.

ANNOUNCE

SWEEPING REDUCTIONS

ON ALL

MORRIS 1932 MODELS

IN STOCK

́INCLUDING

MINOR

Saloons.

COWLEY

Two-Seaters, Saloons,

Coupes.

MAJOR

Tourers, Saloons.

ISIS

Saloons, Coupes.