1933-01-17 — Page 12

12

DAILY SHARE QUOTATIONS

HONG KONG STOCK

EXCHANGE.

SHAREBROKI

ASSOCIATION.

MONDAY.

Bayra

Bellare Balon

[Nominal

1- Bayaru

Beliora.

JANUARY 16,

Banks

$1,070

211B1

$14

EDI

H.K. Banks

Do. (London)".| Chartered Banka ........

Mercantile Bks. "A“

Do.

Bank of East Asia.

Am. O. Fin.Corp: M

"C"

$108

N. O. & 8. Barke$7

$38

1.6

China Fin. Corp. Ord.

T.4.00

Do.

Prof.

Insurances

$1,370 Canton fnsurance....

Salsa Mowin1

$2.60

Underwriters,

$2,65 | $8,50

Union Insuranous .......

China Fires.

Bhipping

$27

$92

346

Indus (prof.)

133

Do. (def.)how

49:44 Sholla

$201

Mining

$18

$350

3610

$1,300 .. Fires.........

TIG International Assoe..

Douglases

Steamboats #21

Waterboata barato.

Benguata

1420 Venezuela Gold Fide

23/0 Kailang

.1.4 Langkats (single).......

T2.10 Explorations..........................

T230) Shanghai Loans. T

$11 unb......

Tronoh Mines ****

23 otr. Bonguot Explorations

Godówna, sto

Provideatz (old). #4.60

Do. (LOW)...

$318

amanki mu mai⠀⠀⠀

$1,680

***

£91

3108)

$1,300

$826 $1,34)

328

65/- Bo/- 50%. 321

$18

$4.10 257. T.4

Ts

$11.33

16,0.

***

Docks, WharVOR,

1.K. & K. Wharves.) $1424

$4.65

$4.85

$1.90

TH

$1.80

$20

13.K. & W. Docks ....

010

18

S. China Motors' A'

Do,

IM

IM

B

19 $9

1.93

Shanghai Docks ....

T8,20 New Engineerings T.120 Hongkow .......... Landa, Hotels, and

Bulidings

H.K. Hatela (old) (9.10"

39.20

$8.00

W

Do.

$781

H.K. Lands

T25

T.10

$7.40

(new)

Shanghai Lands

Metropolitan Lands..

H.K. Healties......... 17.70

T11.40 Chlo. Do

1.99 Do Debentures

$10 Humphreys

{M$140] Asin Realtion "A"

Miza

Do.

Chinese Estates......

Cotton Mille

Ewos

T.11 Zoong Singe

1961 Star Ferries

*

fak

***

#1

#9.30

ច

1.93 T:61

T13.4.

T14.10

T72

Shai Cottons.........

Ting

$116

Wing On Textiles(9.)

Til $115

Public Utilities. Tramways...... 321

$16.20 Peak Trams (old)...)

316

18

Do (new)...

371

$954

1231 Yaumati Ferries (old)|

$33)

Do. (now)

aam. rights...

133 33x #31

**

China Lights (old)... $16

16.10

$16.20

...Do.

(now)... $15g

H.K. Electrics "

176

Macao do...

$18

Sandakan Lights...

$30

Colephones (old)..............

$97

$281

Do (DBW)**

326

T.io

China Busssue

2/-

Tractiona

Industrials

$276

Malabon Sugars

***

T.14

$18.40

$76

*******

Do. (prof.).

Caldbook,ford.)

T.10 Macgregor ((praf.)

18.40 Ch. E'tainments...... $12

Do. (now)

327

HONG KONG DAILY PRESS, TUESDAY, JANUARY 17, 1938.

MONEY AND

FINANCIAL NOTES FROM LONDON

MARKETS

JAPANESE COMPETITION IN COTTON GOODS--- CUSTOMS RECEIPTS STILL UP: CARRERAS PAY 95% DIVIDEND: BRITISH MONE- TARY POLICY: INTERNATIONAL

DEBTS

(Special Air-Mail Servios)

LONDON, Dec. 20. Bales of Australian"Wheat,

the

An-

More Steel Rationalisation.'

ago we were A week or The chartering of tonnage for grain froin. Australia to the Far: welcoming an important stop taken East and also to Europe has been by Stewarts and Lloyds in the re- prominent this week in the freight organisation of the British steel markets, Australian grain has been industry; and to-day comes bought largely for the Far East Bow of another step. It is which has bought Canadian grain ounced that the Lancashiro Steel a well-to be shipped from British Corporation has acquired the firm Columbia. Many of the vessels of Whitecross Co. of Warrington, which have been chartered to load which manufactures wire products. It is hoped now to compete success-. Australian grain for Europe are making the long voyage from the fully with the rods which have United Kingdom to the Common itherto been so largely imported wealth in ballast, and some of them from Continental works. As in the are known to have been ships which case of the Stewarts Lloyds scheme, were laid up. It is suggested in concentration in one place of all the most important feature is the the freight markets that some own ers have been more concerned

the processes of manufacture. compare the estimated financial re- aults of the charters with the costs. incurred in keeping the ships laid up than to earn depreciation on th: ships and interest on the capital.

Japanese Competition in Gotton

Goods,

to

i

Carreras, Ltd.

At the 20th annual meeting held this week the chairipan Sir Louis B. Baron announced that the net profit for the year amounted to £750,859, out of which it was pro- posed to pay a further dividend of 20 per cent, on the Ordinary shares As from September 30, last, mem-of all classes, which with the in- bers of the Japan Cotton Spinners' terim dividend of 15 per cent. paid Association have been curtailing in June last, made a total of 35 their production by 35.8 per cent, per cont, for the year, less Income as compared with a curtailment of Tax. He also pointed out that the 30.8 per cent, in the first nine reserve fund was increased from months of the year. The decision £072,777 to 21,000,000 and in the to restrict output further is be- figura carried forward from lieved to have been influenced by the £1,104,018 to £1,140,892, after hav; increase in the Indian import dutying made provision for every · ex- on cotton piece goods of non-Bri- pense incurred in the past year. tish manufacture which came into t operation at the beginning. of August.

International Debts,

HONG KONG STOCK MARKET

· YESTERDAY'S OFFICIAL

QUOTATIONS

After some preliminary excite ment earlier in the day, Lights, Hotels and Cements were pushed up to 818.00, 89.40 and 812 re spectively, and at corresponding rates for forward delivery, but they became easier on wllers coming into the market.

Sales.

ROMANCE OF

WIRELESS

"(Continued from page 6).

going for a short distance along the ground-suddenly shot up to the upper atmosphere and as these ro gions are heavily ionized the wave! was reflected back to the barth similar to the reflection of a light wave from a mirror. On reaching the earth it was again shot back to the reflector and so on round the world. At the same time the power was conserved, which enabled this very low powered transmitter to be heard in New Zealand,

Heavysida Layer.

ANY LETTERS FOR YOU?

POSTE RESTANTE,

CORRESPONDENCE

Amoy Motor Sales Co., A, P. Blunt, G. Bow, Bell. Cheung Wan Ching, R. T. Callon, Mrs. Er L. Collopy, Mrs. R. Chamberlain, Frank Curran, S. Corenawit, S. H. Douglas, Miss R. Ellis, Mrs. Field-Hook, M. Frost, Miss Janet Gleason, V. A. Garton, J. Gotionuy... & G. Gochionkan, G. E. Green, Mrs. C. T. Goddard, A. Gillier Mr. G. Hinds, Mr. C. G. Had don, Mrs. H. Hull, P. Hafeman, Mme. C Hillior, W. E. Jones, L This ionized mass in the uppa In the investment section, a large atmosphere has since become known Mrs. A. Koipp, Lay Kay Fan, James, Frederie Keller, Meând block of Hong Kong Lands chang-as the Heavyside Layer and is Lieut. W. H. Lambert, J. J. Lynum, named after a Frenchman named Mrs. Maitland, Henry Mother, od hands at 870 and 8764.

Heavyside who some years ago pre- Mrs. G. E. Marshall, J. J. Man dicted its existence.

toll, Consuelo Malian, Mr Nuri Its height has since been mea bog Nazim, E. Nassim & Son Mr sured and is known to be some 200 Neithardt, c/o Dr. Neithardt, A. miles above the earth's surface. AG. V. Ogden, Mrs. M. T. Petry, concentration was made on the I. S. Pratt, Mra M. Panaiotaky, utility of these low wave lengths Mr. A: Pecorariu (So. Eng.) Mr. and the development of the beauty. Padmore, Miss A. del Prado, system by Marconi rapidly follow co. Mr. J. del Prado, D. Rocha, Mnie. J. Roy. J. Schulze, C. Bem- It has been known from the per Mr. and Mrs. I. Silva, D. earliest days that wireless waves Summer, Samundar Singh, Tan could be reflected in the same Sien Taing, Uncle Tom's Cabin manner as light waves, since they Cathay, W. Uher, A. W. Wyllis, followed the sume laws. But as an HT. Whittaker, L. P. Worger, Min. effective reflector had to be at least M. Watson, Basilia Ybos, Yan Sen once the height and three times the

Cheimg. breadth of the wavelength in use, it was not practical. Imagine a metal reflector a thousand ̈yarda- high and three thousand yards wide which was, about the lowest prac tical wavelength in use in those days i

Hong Kong Banks, $1,885. Hotels (Old), 80.40. Hong Kong Lands, 876)/75j. China Lights (Old), 816.40.. Cements (Combined), 819/11.00. Buyers.

$1,080.

Hong Kong Banks,”! Douglases, $27. „Wharves, "8142-

Hotels (Old), 89.20. Hong Kong Lands, 875). Realties, 87.40,

Chinese Estates, $98. Ewo Cottons, Tls. 13.00. Hong Kong Trams, 821. China Lights (Old), 816.40. Electrics, 876.

Telephones (New), $20) Cements (New), 83.70. Ropes, $11.35,

Dairy Farms, 829.10: Govt

Ioans, 01 per cent. Premium.

Sellers,

Hong Kong Lands, 876. Cements (Combined), 811. Wallace Harpers, sá China Sporte, 88.

MESSRS. G.A. HARRIMAN'S

MARKET REPORT

"ERRATIC" LAST WEEK The market has been very erratic during the week under review and Sir Josiah Stamp, speaking at quite a few changes have to be re- Leeds said the whole world seemed corded, some sections of the mar to be now electing to put foreign ket remained firm, other sections trade into an entirely new relation

were weak We refer particularly as a percentage of total world to Hotels which on rumours of

ed..

.

Registered Articles.

Capt. N. A. Diokaff, Kwang Hair Co. (Builders Contractors), Th: Lincoln. Dental Co., Mesars Lee San Kee, T. Muradjalian, Tai Churig Po, Mr. Vaturian (Society" Armenian) Mears W. Wander

Unpaid Correspondence." B. Lawrence Bradley, Mr. 0. Bryant, S. C. Fuilatoris, R. Walle

First, Beam Station. But is became an entirely dil-¡Ltd. ferent proposition when waves of the order of 20 or 30 metres could be used. Consoquently Marconi built at Poldh a reflector of about thirty matrea and was successful in projecting a wireless wave in one direction. This was the first bouns station and was the forerunner of the great benm stations that are now in use all over the world.

HONGKEW PARK REVIEW

Before Vice-Admiral

DISPLAY OF MECHANISED

UNITS

Shanghai, January- 10. With of at 84.5. In the Investment section tanks, howitzers and mechanised Truma had a sharp advance to transport, the local Japanese forces 822.25 caeli, 22.50 February, and passed in review before Vice-Ad- $22.75 March on rumours' of their miral M. Yonai, commander of the having secured the Bus franchise Third Fleet, at Hongkow Park yes for Hong Kong, but on the absence berday morning. Over 2000 on of confirmation of the rumour' th were on parade, and in addition to market relaxed towards the close crowds of Japanese, school children Humphreys were enquired for as well as adults, an international $18.50, Electrica at 876), Wharte group of officers was also present: at 8142, and Lands at 870. Ster-

The undermentioned undeliver ble registered articles are lying in the Returned Letter Office, Gen- eral Post Office, and will be return- ed to the senders, on production, of the certificate of posting."

No 774 Hong Kong to SacrS- mento, U.S.A.; No. 1, Hong Kong to Hong Kong No 1983, Wanteni to Antwerpen, Belgium; No. 87, Hong Kong to Shanghai; No. 7880, Hong Kong to Hainan, No. 20876, Sheungwan to Oakland, Calif: No. 1008, Hong Kong to

List of Unclaimed - Radio Telegrams.

4919, from Bwatow 4382 froma. Cantos; 0655, from Ningps Polin, Gloucester Building Hotel, from Shanghai; Tinhanlong, from Iloilo, P.1. Trinhtaa, Great East- in 112 Countught Road,**from Hotel, Kowloon, from Manila; Hanoi. Nazurina Farias, Kowloon TUBUan, from Hanci; 5478, from Tientsin, 1. Y. Lum, Gloucester Building Hotel, from Shanghai; fongari, Penhotel, from Milano Chungsngut, from Saigon; 0009, from Amoy

Customs Receipts Still Up, This week figures showed a further expansion in Customs receipts, the paat week's total of £3,221,000 com- trade, and to confine it for na the Bus service franchise receded Japanese Troops Parade Canton paring with £2,456,000 in the cortionalist reasons, to an intero 80.00 at one time, the rate was responding week of 1931. Since the change of goods across national very changeable however. Lights on beginning of the financial year the borders not settled by consideration the other hand recovered to $15.70 new duties have been responsible of comparative cost, but on non-after business done earlier in the for BB increase of £25,089,000 in economic, and semi polical grounds week at $14.90. Comsats (comb.) the receipts. The total frum April of self-sufficiency and balance. If after dropping to 811.30 (call paid) I to Dec. 17 is £121,660,000, com- these were to form a permanent recovered to 812.00, call paid. Pro .pared with £96,571,000.

part of the international trade vidents held an unsatisfied demand Chinese Engineering and Mining structure, the practicability

securing the payment of interest Co., Ltd.

and repayment of political debts, The Twentieth Annual Ordinary as indeed of commercial debtą, took General Hosting was held in Lon-on completely new limits. Any don on Dec. 20. In presenting the new settlement of debts whichapw Accounts the Chairman said: The caded upon financial considerations accounts show a gratifying improve only, and ignored the realities of ment over those of the preceding the trade situation which were be year, the not available. balance ing laid out by thriffs and rates after providing for income-tax be of exchange and respective balances call pd $118) ing £168,836. Out of this surplus, of trade, would once again be an-ling counters on a steadier exchange miral Sugisaka, commander of the man Carden Loyd species. Armour-

in addition to the interim dividend nihilated by the progress of events. were somewhat quieter but a few landed forces, the men on foot passed cars included two siz-wheelers. of 3 per cent, free of tax, paid Nor could debt settlements ignore Banks changed hands at 81,080/90, ed by the saluting base with re- on May last, we now propose again the level of prices. Nobody and Unions at 8860. With themarkable steadiness and precision, to pay a balance dividend of 8 per could tell whether the turn of the bulk of liquidation for Settlement Marching to music played by the cent, free of tax, thus making the tide in prices, which in itself would account out of the way the market band of the Cruiser Idzumo. dividend for the year 7 per cent. solve so many problems, would close resulting in a very brisk

took on a firmer tone towards the f

Leapressive Bight The mechanised section comprised as against 21 per cent. for the pre- come about by natural unseen forces turnover, but with erratic changes howitzers, field and light guns ceding year. In referring to the Kailan Mining Administration, the or by artificial and concerted ones. taking plach almost every few mo- drawn by lorries, Stokes mortars

ments the trend of the market for mounted on lorries, tanks and ar profit, for these or amounthe set The whole theory of concerted price the time being still remains lincer moured cars, and motor-cycle out.

year amounted to control, as a purely mechanical tain. - 83,823,650-an increase of 81,550,620

fits mouning light automatics. The on the preceding year, This, in operation which lay at the,

lorries included both six-wheelers and the four-wheel drive variety, root of spite of the grave character of most advanced monetary reform

while the tanks were of the two political events in the past year

was now severely on its trial. In in China, which resulted in in-

(Continued on, next Column) creased depression in trade and in France they were beginning to see dustry throughout the country. He that gold was, very much like the further added that the sales for the large cake that the schoolboy mis

351

$71

|call pd| $31

母

50

31x

$12

Canton fucapin Cements (comb.).**

18

Do.

Do.

$3.70

(old)... (W)

311-85

Ropo

$7

Ch: Agriculturis

***

MiscellansOWS ·

$20.10

$29

Dairy Farms

$29

Der A Wings...

$18

Amusementeer e

316

16.10

Constructions, (old),

36

$1,40

$5.40

Lano Crawfords....

$1.00 35.30

521

Mackintosha

Nanyang Tobacco...

$161

Binceres

$1

$123

Watsons (old) sout

$12

311,40

Do. (now) atene

8.35

Wr, Powells

$10

M. Greyhounds

$31

8.. Enterprises,...]

1,5

Ualled Theatres.......

B In. G. Bonds...

H.K. Got Losus... $107

Wallace Harper

China Sports Ltd.

$295

H.K Wing Op...

S'hai Do..

LOCAL AND REGULAB OUTWARD MAILS,

$14 13.20

643%

FROM

year amounted to 4,888,000 metric tons, which showed an increase of 315,000 metric tons over those of the preceding year.

takenly kept to himself until it went bad on him. Only in aiding the interchange of goods did gold British Monetary Folicy. -*** justify its incursion into the world There is no foundation for the of practical affairs the moment we statement that the monetary policy became frightened of this inter of the Government and the Bank change the value of gold was a of England has undergone any

SUNDAYS & HOLIDATE change. It was represented that a delusion. It rested very much in now decision bad boon taken that the hands of the present gold stan no return to the Gold Standard dard and creditor countries, be con- can be contemplated for several

·BRÁNON

years. It may be assumed that, in tinued, whether gold was to become

SKRUNGWAN

"P.0.

WEER DATS.

FROM G,P,0.

TROM SunDKOWAN BRANON EO

PROM O.P.O.

Canton

Famahal and Wuchow (By)

dirock steamer)

7.15 am, & ƒ 7,00 mkm/ 16.00 pz.

{7,00 pa

4.00 p.to

400 Patzte

*IKA KM, & F1.00 Am, 5,00 pa 1.7.00 p.m.

9,00 .400 p.m.

falkam, & f*8.90 mida &.

Tongmoon (except Baturdays) Kankong (except Saturdays).

( 7,16 mm, kƑ'ƒ 7,80 músi 11.15 pm

{1,80 p.m.

5.00 p.m. 6.00 p.10.

0,00 pus

Macao & Trinkosa

Tu Po

Wnbow (Byl

100 pim 1900 ELL &

11.00 p.m.,

9.00 am, à

8.00 p -1.00 p.m.

10.00 p.m.

1.16 p. Bandays 8.15 M. Lonly

500 p.m.

11.00a.m.

9.00 A

11.00

ƒ 11.00 â‚m2

& 6.00 p.m.)

· 8,00′,70.

21:00

8.30.

1.30pm Bunday 8.30 am. Lonly

8.00 p

ano pan,

Banke Hong Kong Banks were in demand at 81,880, business har ing been transacted at $1,680/90. Bank of East Asins were still quist with sellers at $108.00

Insurances. Unions were put through at $560. China Under writers continued quiet, sellers pre vailing at 82.70-

Shipping Douglases were sti wanted at 827.00.

Docki, Wharves and Godowns. Wharves again changed hands at $142.00 and more shares were want. ed. Providents (old) had buyers at 84.65, sales having been effected at this rate.

Hotels and Real Estate, Hotels (old) were enquired for at $10.17 at the opening, but suffered a great set-back and were done down to 80.00, the market closing with buy-

having been put through at this rate. Hong Kong Healties eased off alightly, buyers offering 87.70.

Gatton Mills, ··· Ewoa~ were in demand at the beginning at T 14.20 but closed a shade easier with shares changing hands at Tha

the preparatory work of the forth so rare in relation to other commoors at 89.10. Hong Kong Lands re coming World Economic Confer dities that its full use as a back-mained firm with enquiries at 670), ence, the question of the essential ing for currency was a luxury that conditions to be fulfilled before only one or two could enjoy. return to gold can be contemplated, is under active discussion of the appropriate authorities. It would indeed be difficult for the British Government to enter the conference" without preparing some statement covering this question,"

it will beplended with great force by other countries that •framing.

of international plans depends to no small extent on sane guidance as to the future of sterling To Bug- -gest-that-the-authorities have laid dowa delizita datas before which-s return to gold cannot be contem plated

misunderstanding. It matter of time, but after of the fulfilment of condi

AMERICAN ORIENTAL FINANCE CORPORATION through its Agent Asia Lands Limited Gloucester. Building'

Kofferta: COMPLETE

BROKERAGE SERVICE

NEW

Full and Odd Lots

Becurities bought and sold for dosah or "Carried" Un, conservative

marg

Phone 23380 Cable: ABIATANDS

Public Utilities. Hong Kong Trans opened stondy at 920.00, buf immediately went up to ss high as "622,00, closing - mach・ easter" - with shares obtainable at: 821.00: Etar Ferries after having been soldar. 6963/07/3 were wanted at 2001 Chins Lights (old) remained steady and wem dealt in, at #153/90, Hong Kopy Bloctrics were enquired for at 876,00 after being done at 87617 Telephones (now) changed hands t | 400,15%20lonins thightly better with buyers prevailing at: 828 jedy

ifiseellaneous Cements (comb) wore transacted, at 911.30/11.80/ elbring steady at the latter figure. Hong Kong Ropes could be placa:"{

BILMe Dairy Farms,

in demand at 829:10:2

Under the command of Rear-Ad-

SHIPBUILDERS,

SHIP REPAIRERS,

BOILER MAKERS

FORGE MASTERS":

OXY-ACETYLENE AND ELECTRIC WELDERS,

MECHANICAL AND

ELECTRICAL

ENGINEERS.

The whole parade moved past the salating base at over 20 m.ph. and provided an impressive tight. In- side the park the men on foot car- ried out their march past very well.

Besides Japanese naval and mili- tary officers, those present included Brigadier Fleming, Col, Lebonne, Col. Bacci, Lieut. OoL E Moses Captains Le Motted, and Godfrey RN., Capt. Calhoun, U.B.N., and several others.

tries were present in great numbers

Police, Consular Police, and sen

and no

untoward incident occur

OF HONG KONG, LIMITED.

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

SALVAGE TUG TAIKOO".

WIRELESS CALL

V.P.G.A 600 METERS,

BUTTE

-DRY DOCK

Length 87% Feet Length on Blocks 750 Feet Depth Control of

SII (H.W.0.3.T.) 84 ft 6 ins THREE SLIPWAYS

Ozpable of

to 4000 Tony Blapi

Capable of

at 70 Feet:

SWIRE, Ager

CHINA