1933-03-30 — Page 13

HONG KONG DAILY PRESS. THURSDAY, MARCH 30, 1933

MONEY AND MARKETS

HONG KONG STOCK

MARKET.

YESTERDAY'S OFFICIAL

REPORT

Banks and Insurances were, all quité firm this morning, and in strong demand. The other sections in the list were fairly steady. Chihu Lights, Star Ferries and Telephones displaying resistance, and being readily taken up" when offered.

Sales,

·Providents (Old) $1. Hong Kong Lands $72. Hong Kong Realties $7. Hong Kong Trains $211.

Hotels $0.00.›

NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS

(INCORPORATED IN HONG KONG.)

Tel. 26380-Gloucester Building, Room 306.

(ZEUTER'S AMERICAN, BENÝJCH]

New York: March 28,

Low: Mar. 27

Dow Jones Averages: High-1939

30 Industrials

.86.78

41.28 56.53

41.30

13.23 97.33

(30.11 83.26

18.63 20.00

20 Raila

20 Utilitica

40 Bonds

Mar. 28

37.92

Change 1.30 up 27.83 80 up 20.08 .38 up 65.78 75.28 75.17 .71 down

Aala Lands, Limited, has received the following report from their Now York correspondents, E. A. Pierce & Co. The strength of commodities was principally responsible for the stock rally in the afternoon. We think a further rally is possible. The wheat and cotton market ruled strong on an infation rumour and also bad whoat crop newa. Silver ruled steady. There was some talk of legislation for the purchase of domestically produced silver by the Government. Regular dividends have been declared by American Can and Allied Chemical. Business Done: 600,000 shares, "

ין

911

HONGKONG ROPE MANUFACTURING CO.

Nett Profit of $117,417

REDUCED REVENUE FROM RENTS

U.S. INVESTMENT NEWS

From Asia Lands, Ltd.

CONTINENTAL CAN CO.

The trend of sales was upward during the final six months, in marked contrast with the experience

year earlier. Larger sales in the last half of 1923 also are believed to have permitted a more satisfac tory profit for the full calendar year than the 88.68 a share.report- A net profit of 8117,417 was re-ed for the twelve months ended ported at the annual general meet September 30, 1902. The longer ing of the Hong Kong Rope Manu- term outlook is definitely favour facturing Co, Ltd. which was held able, in view of the fundamental at St. George's Building yesterday. nature of demand for the com Mr. A. L. Shields was in the chair,pany's products, its impressive and others present were:-Mr. J. financial condition and securely Scott Harston, Sir Robert Ho Tung, Hon. J. P. Braga (Direc tora), Messrs. J. Coulthart (secre- tary), A. A. Botelho, I. W. She- wan, H. Dreyer, J. Dick, W. Mc. Lean, J. H. W. Howie, W. Zim mern, F. N. Bilva, C.W.M. Cole, H. J. M. de Figuereido, J. Top. pin and F. J. Tavares (sharshold. ¡ers).

THE CHAIRMAN'S SPEECH

In moving for the adoption and statement of account, the Chair- man said:-The gross revenue amounts to 8154,881.58 and, after deducting Directors' and Auditors' Fees, Depreciation, Interest and Commission to General Managers, there remains 1 bett profit of $117,417.04 for the year.

Transferring this amount to Pro fit and Loss Account there is balance at credit of $187,417.04. which your Directors recommend be dealt with as follows:-

1932

DIV. #

LAST SALE

China Lights (Nów) #02. ·

FLIGH Low PEK, SIL.

Mar: 27 Mar. 28

Hong Kong Electrics 8711.

..

69+

Telephones 27.10.

318

3.00 Air Reduction

$56)

Dairy Farms $27.

871

42

8.06 Allied Chemical & Dye

743

$581

3

Watsons $5.

737

298

4.00 American Can

55

37

Amusements $127.

137

711

9.00 American Tel. & Tel.

901

Constructions (New) 75 cents.

-80

44.

18

5.00 American Tobacco “B” Anaconda Copper Mining

59

Buyers.

1512

281

2.00 Auburn

1.60 Borden Company

90

Canadian Pacific

Hong Kong Ranks $1,725, ..

Canton Insurances 81,380,

1.00 Chrysler Motors

#asker

311

4.00 Consolidabad Gas of N. Y.

Union Insurances $550. -

23

Hong Kong Steamboats 822. --

3.00 Druga Ingi ..........................

32.

22+

2,00 Du Pont de Nemours

341

Benguet Explorations 23 cents,

871

36

3.00 Eastman Kodak

Hong Kong Landa $71).

(45)

8%. Electric Bond & Share »

12

14

84

0.40 General Electric

13

12/

Chinese Estates $95.

Hong Kong Trams $91,

401

188

2,00 General Foods

25

TA

Star Ferries 2001.

248

1.00 General Motors h

117

121

10

China Lights (Old) #12,35.

1. Gillette Safely REOTA

141

17

32

10%

0.00 International Harvester

92

23/

China, Lights (New) $0.80.

108

88

7.00

(Preferred)

Hong Kong Electrics $71,

881

69

Mação Electrics $25.

148

2

International Tel. & Tel.

Tp pay a dividend of 80 cents per share, absorb ing

8.

4.00 Liggett & Myers. "B

57)

Sandakan Lights $104.

137

1.00 Locw's Inc.

Telephones $273.

10

10)

To carry forward to cradit of next year's account

Montgomery Ward

13

Coments (Combined) $61.

138

2.80 National Biscuit

$87,417.04

*8187,417:04

38

2.00 Pacific Gas & Electric

#3

0.50 Pennsylvania Railway

17

-

Radio Corp.

Sears. Roebuck

17

Jergez

0.40 Socony-Yacunm Corpn.

1.20 Union Carbide & Carbon

6.00 Union Pacifio........

-United States Steel

Westinghouse E. & M.

4*

* Bid

Constructions (New) 75 cents.

B. Ind. G-Bonts 64 per cent.

Government Loans 3 per cent.

premium.

Sellers.

Raubs #10).

Hong Kong Lands #72).

United Thea

Tla. 5.

1.00 Standard Oil Co. of New

SHANGHAI SHARE MARKET TRADE IN FAR EAST TOKYO ELECTRIC LIGHT

CARROLL BROS, QUOTATIONS.

Messrs. Carroll Bros. have receiv ed the following cabled quotations, dated March 29, of Shanghai

shares

TIB. 3.80

The Cotton Industry

LANCASHIRE AND JAPAN

POSITION UP TO NOVEMBER 30, 1932.

شواره

Net profit of the Tokyo Electric Light Company for the half-year“ ended November 30, 4,812,893 yen London, March B.-A resolution to which is added 4,052,118 yen mitte, adopted by the Board of per cent, per annum has been paid of the China and Far East Com- brought forward. A dividend of 2 Directors of Manchester Chamber of (against 3 per cent, a year ago) and Commerce yesterday, "declares that: 250,000 yen has been do, to the China Finance Corp,

The existing preferential duties legal reserve, leaving 5,210,392 yen International Investment

of 10 per cent. in favour of British 1 to be carried forward. Referring to Trust Co. (Ord.) 7.75 cotton and artificial silk textiles business conditions in Japan, the Cathay Land 2017050

11.25 which are in operation in the report states that owing to the Yangtze Finance Co.

8.50 Federated Malay States (excluding collapse of exchange rates, the International Assurance Co 3.80 Singapore) are proving entirely matorialization of the relation China Realty Co.

1000 effect in checking the severe Japan: policy, the fall in money rates Shanghai Land Investment ese competition which is being er- etc., the price of commodities has 00.00perienced in that marked." The steadily adavaced, and the export New Engineering and Ship resolution drew attention to the trade has increased remarkably, in building Works (Ord.) 5.00 imminent danger of a severs dis- consequence of which industry hie Shanghai Dock and Engin

location of the existing facilities for revived. earing Co. i 95.00 the distribution of British goods in Shanghai and Hoogkew

that market. The China Erectitive for the word "Registered to be Wharf Co927:50 therefore requested that urgent re- stamped on any class of textile Shanghai Electric Constric 29.00 presentations be made to the Govecs goods (except hand this

tion Co. "Beurer” Ewo Cotton Mills, Ltd 12.20 measures to be taken with the least whether printed or woven. Under ernment - saking for adequate which bore a registered deagh, Shanghai Cotton Manufac

turing Co.

possible delay so as to safeguard the Indian Designs Act this ex- Zoong Sing Cotton Mills,

this important. British export trade.emption ac far only applied to The committee sise desired that printed cotton piece goods. There the Government should be informed was a strong feeling in the trade of the highly unsatisfactory state of that Indian legishon should be affairs Fenilting from the refusal of brought into line with the Britas the authorities in Malaya to accord requirement, thus enduring the preference in cases where bulk formity of practice, which would he was broken, notwithstanding satis great convenience. factory proof being produced a to the British origin of the goods. Ae Committee should be associated a large part of the trade in Malaya with an official commu

71.50

10.80

American Asiatic Undera

Ltd.

writers (Ord.)]

American Oriental Finance

Co. Bearer

20.00

20.00 Asia Realty "Bearer" 22:00 Shanghai Power Co. (Pref.) 95:25 Chinese 6 per cent. Golds

Bonds 1925.

EXCHANGE

CLOSING QUOTATIONS

ON LONDON:-

69

March 20, 102K.

Telegraphic Transfer. Bank Bills, on demand Bank Bills, 4 months'

139.

#ight (31 Credits,

aight

4 months'

OF NEW YORK-

Bank Bills, on demand z Credits, 60 days' aight.. 28 ON PARIS pak

Bank Bills, on demand it Credits, 4 months" might ros-

ON INDIAN

Telegraphic Transfer.... Bank, on demand Wi... ON SHANGHAI THAIL

===On Bentand

On Kopy

On demand

ON MANILA

On demand

ON SINGAPORE

On demand

ON BATAVIA

* On demand

ON SALOON S

On demand

ON BANGKOK:÷

On demand, bom Soveratons, Bank Bu

1081

It was agreed that the India

is conducted in this manner the this subject.

|

8100,000.00

entrenched trade position."

OTIS ELEVATOR CO. The company's strong financial Pration, exemplified by net ourren indebtedness and entire preferred nants (after deduction of current stock at par) equal to 88.92 & com mouse, together with its leat ing trade status, nssures restora tion of earning power when build- ing construction increases · Earn ings for the first nine months of last year aggregated 80.38 a com- mon share, as against 81.87 in the corresponding 1001 period. Re modeling of elevators in old build- ings is expected to provide the ini

inl upturn" în netivity.

GOODYEAR TIRE AND RUBBER CO.

Not sales of this company de- clined from 8189,200,000 in 1931 to 8109,052,000 in 1932 A very strong financial position was revealed at the close of 1939, with current assets of $99,310,000 compared with current fibilities of 87,864,000. Working capital of 991,500,000 st the end of last year compared with #80,290,000 at the close of 1931 Cash and government securities on December 1, 1837, abounted to 650,073,000 against 237,613,000 a year previous

TEXAS GULF SULPHUR CO.

Although indicated earnings for 1002 were in exons of the former

Sales of rope. for the year under review show a decrease in value as compared with the trading account rate on the stook, the cash for 1931, but the quantity sold com- drains ocasioned by acquisition of pares favourably with the average fee interests, royalties and lease turnover during the past ten holds on certain properties prob- years. The decrease is a reflection hbly motivated the revision in the of the position of Steamship Com dividend to a 81 annual basis. panies generally on whom we de-Since available information pro- pend for a large proportion of our vides no basis for the expectation business--and is the direct result of a further sharp decline in earn- of restricted demand caused by ings over the medium term, at about 23 per cent of the worlds least, the present reduced dividend tonnage being up. Restricted fate appears fairly secure. demand has also. made competition keener for the business obtainable. Revenue derived from rents shows slight decrease as compared with previous years,

Revenue from Renta,

CONSIGNEES” NOTICE.

PRINCE" LINE. NOTICE TO CONSIGNEES.

FROM NEW YORK.

THE Motor Lemol

Weekly Sailings Transpacific

To San Francisco, Los Angeles & New York

via Panama Fortnightly sailings on Wednesdays Pres. MoKinley

* Apr. 12

Pros, Coolidge.....................Apr. 28

Pres. Linpolna Free Hoover Pren, Wilson Pres. Coolidge

To Seattle and

Victoria

Fortnightly sailings on

Pros. Taft

Fren Jefferson

May 10

Pres Madison.

May 24

Pres. Cleveland

*ism

June 7 dans 21

Pres, Taft

rdays":

·ROUND TRIP FARES TO EUROPE & AMERICA, Special through rates to Europe via United States. Direck connections with all Atlantio lines. Choice of rail lines soTOSA" United States and Canada, liberal" stop-over privileges for

Sight-seeing. Full particulars upon application.

Fortnightly via Suez to Europe is America

Fortnightly sailings on Saturdays via Manila, Stenity,

Suor Canal, Alexandria, Naples," Getion,

New York and Boston.

8am

Afr. 1

Pros. Pierco.eraszoddtass

Pres. Van Buren.............. Pres, Monroe ..........................Apr. 15 Pres. Barfield.

TO

MANILA

Next Sailing ... Pres. Pierce April 1, 1

Pres. Moxinley .............Apr. 4 Fres, Jamerson on vimmapr. 8 Prot. Monroer, 16 Pres. Coldge.ie + sazāğr. 18 Connecting,

Free Madisoniana Pres. Van Buren Pres. Lincoln

8.9. MAYON T. CEBU, ILOILO,

Bombar

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

CANTON BRANCH:44, SHAKKE -

CONSIGNER NOTICES.

SERVICES CONTRACTUELS DES MESSAGERIES MARITIMES. CONSIGNEE NOTICE.

SB. "CHENONOBAUX,"

ALMIVED HONG KONG OF TUESDAY, THE 20 MARCH, 1933,

BOD MARSEILLES, &o ONSIGNEES of Cargo by the

Cove Lamed Steamer are hereby

NOTICE TO CONFIGURES. OCEAN STEAM SHIP OO, LAN,

CHINA MUTUAL SI

NAVIGATION OD, LAD.

NONBIGMEES pine?

UNITED KINGD VIA SINGAPORE are hereby notified thabatha

informed that their Gooday with the onable, are being landed and placed at

axcaption of Quium. Argaaurs and yafa the risk for Godont Good Eatg ndi Whäit Godświ

Optian to abiainbe in the e pra hailed Co. Ltd., Kowloon, shanse Delivery oun

Gooda nos cleared within 7 days, in Steamer rincluding date of Arrival/Will be

venue from rents will probably be CHINESE PRINCE

The explanation for reduced re- found in the fact that there is a having arrived from the above Port larger supply of Chinese flats than 34th instant, Console of Garge me there is an immediate demand for.reby informed

Part of Ma-tau-kok property own of the Hong Kousand Howly being landed timin risk into the continues in occupation by the Whays and Godows Company Linted, Naval Authorities. There have Kowloon, and stored az Odamgas been inquiries from time to time and expanse. Anemia Land for this property, but idens of its "All broket, shaded "west dans value have been so wide apart that are to be lett, ku thay tX. your Directors consider it in theey will. The unim best interests of the Company notuth instant at 10 apat to part with the property at pre All Claims me

15 bar of t

dent.

Plant and Machinery, Reverting to the accounts you will notice that 222,306.81 has been spent on additions to Plant and Machinery.

During the past two years the plant has been added to and is now up-to-date in all spaces; itir capable of a larger output than the present demand calls for in

With the exception of a new motor installed and paid for this year no further additions or re- newals to machinery are antroipat ored in the near future.

existing 1 per rent. preference is On a previous ocbasion the Indis. In view of the presint trade de- proving quite ineffective.

Executive ciated itwit with repression, restricted “demand and The views of the China Com-presentations concerning.

the keen competition, I do not care to mittee have been conveyed to the anomalous position created by

prophesy is but so far, 1 máy cắt Secretary for the Colonies.

existing law in India which pre favourabig with the average for the quantity sold in 1033 compdres Rayon,

vented, the detention at the ports of

past years.ke The first meeting of the Tempor piece goode known to bear designs ary Sub-committee of the Chamber's which had been copied, and it was new artificial ilk (rayon) trade { stated that a similar position had section, in addition to considering now arisen in the Ceylon market the important questions of the taxa: A suitable approach is to be made tion or artificial silk, discussed certo the Colonist Office,

tain endly action in regard to Japanese competition.

3

1

reported AMERICAN ORIENTAL FINANGB

The India Executive that it med given consideration to certian commercial aspects of the forthcoming Government of India Bill, The Executive had authorised the dispatch of a communication to Chamber of Commerce in India re garding the infringement of fertile dangos. It was reported that the Bombay Chamber bed moved a resolution at the annual meeting of the Associated Chambers of Com merce in India which was in com pietě sympathy with the Manukes ter view and being dddpfèd Horwarded to tha's

Indial

CORPURATION

COMPLETE SERVICE

I now beg to propose that the Report and Accounts as submitted be adopted and passed, and the amount of 8187,417.04 at credit of Profit and Loss Account be distri, buted as follows:

To pay a dividend of so cents per chate, absorb- ing

To carry forward to credit

of net větr's account

|åfter Which datë

dognized.

Goods remaining No Claims Will

at instant wil Bloodi have lATE EIE

No-Fire Hurttrad 68 Bills of Lading

JURN

Kong, 24t

Where signed before" Tadraday 6th April,aze

lay, 1988, or they will ant bè rHOO

Damaged packaget-manet" be left in sad: Fridays the Godowni fór erkentätión: by: the 30,4% naty Consignees and the Compay's Bars | Storage: Toyors, Madara, Godded a Douzhat ENG 10 năm. on Monday, lhe Urd Apray-1933, || Goods

Consignees must have a Revenue | and sil

3) Officer in attendants when damaged after tha - Bed- the | dutiable goddle « kay kumitin? by the to Play

Company's Surveyor,

1. No Claima will be admitted afton the Goods have left the Godowns DENNA *** No. Pás Insuranos will be edinotad

ne la nný case whatever,

B, OHL

Hong Kong, 39th March, 1988)

37th

HAMBURG AMERIKA LINIE NORDDEUTSCHER L

HAR ANG

FLASTERN MAIL PASSENGER AND FREICHT SERVICE

THROUGH BOOKINGS TO AMERICA via EUROPE AND EUROPE via AMERICA. BOOKINGS AROUND THE WORLD

THROUGH BOO

ARRIVALS FROM EUROPE

SAILINGS

$100,000

NORTH CHI

Dreyer

On the propósi

and becond by Mr. Scott Harton, And Hom, ME P. Braga, Were, re-elbéted directors.

Mesars, Poror Smith

Fleming and Mehri..

Davis the pr

IREMEN

Genoa, Barcelona, Rotterdam; Hamburg Genoa, Rotterdam, Hamburg Genoa, MaDes, Oran, Harra, Dunkirk,

A'dan, I'dan, H eilles, Rot

Apr.

„Apr

Genoa,

Apr.-

NDLYÉTÉ, ** TULDA

NDL, Hongkong/South Set Lälands service: 86. “BREMERHAVEN " 14th Apr

HAMBURG,

LINIK

ΣΤΟΝ