DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
SHAREBROKERS
Do. (London)
Marcantile Bks. "A"
Do.
ASSOCIATION.
MUUH!
THURSDAY.
Buyers Sellers
Bales
Nomina)
Buyers
Boiler
MARCH 30.
Banks
$1,790]
H.K. Banks
$1,725
21804
£13
Chartered Banks
£134
224
2241
291
$100
Bank of East Asia....
$1011
N. O. & S. Barks
$71
T
14
$20
Am. O. Fin. Corp: M
+
***
T.1.30
Do.
**
$2.35
Underwriters *****)
Union Insuran00%*+*]|
$620
China Firos)
$1,370
$550
Prof.
1.485 China Fin. Corp. Urd.
Kumrandes ·
Canton Insurances... $1,355]
$1,330 H.K. Fires ......................
International Ås800,.
Shipping
Douglases....
Steamboats....
Indos (pref.)......
T:31
$35
$22
$16
$20
Do. (def.) .man
•10/71
Sholls
$201
Waterbosta
Mining
$181.
Benguet
21/3
Kailand
7.4
Langkats (single)...
$420 Venezuela Gold Fida. #3
T2.10 Exploratione..
T2 30 Shanghai Loans ....
Raabs
Tronoh Minca
Benguet Explorations
Docks, Wharv
H.K. & K..Wharres.
Providents (old) ... $3.86
$10
24.cts.
26 cts.
$1281
Godowns, alo.
$4
$1.35
Do.
(ua)
818
H.K. & W. Docks ..
$10
$8
Do.
T.95
T.
T.42
$6.95 $7.00 6.85/7.06
$72
$75+
S. China Motora A
Shanghai Docks
"B"
Now Engineeringo
Hongkewe ........................
Lands, Hotels, and
Bulidings.
H.K. Hotels
HK. Lands******
T.12 Shanghai Landa...
Metropolitan Lande..
H.K. Beatles..
$96
$90
327
41
M$140 Asia Realtion "A"...
T.10
T.10
Chins Do
T.99
Do. Debentures
314
Humphreys ............
M329
Do, "E".
ས་.
Chinesà Estateɑ......
Cotton Mills
111.90
Ewos
T.71
S'hai Cottons......ke
7.10
Zoong Sings ................
8103
Wing On Textiles(S.)
Public Utilities" Tramways
$1.20 Peak Trams (old)...
F
Ynamati Ferries(old)| 132
18
Do
(now)...
AV
Star Ferries
134
$33!
Du.
(now)
*cam. rights...
(BO)... $9
$12.30 Chias Lights (old)...
10)
3251
$10
T.10
Do.
100
T
$2.40
$625
$1,340
134
$32
85/-
80%-
42/
$21
$18
25/
T.
T.21
T.
$21 13/6
197
34
$1.70
$20
38
$8
1.05
T5,60
龇
***
FAR
$0.03
$71
377
$13.90
T11.70
T.718
Tin $100
$21
$18
38
301
$81
130
312
H.K. Electrics..... 91 | $713 | $71)/j40
Macao do.
Sandakan Lighta .......
Telaphones...
China Buses.......
Tractions ... MALICE Do. (pref.).
$271
!!
21
12).
Industrials
$15
Malabon Sugar
$27
T.14
Caldbeck, (ord.)
T.10 Musgrogora J(pref.)
Canton Ices...******
36
Do.
(old)...
Do.
(now)...{
Ropes *****
$0
Cements (comb.)...
Ch: Agricultures
Miscellaneous
Dairy Farran
Amusementaùng si
Ch. Etaingonte...... Constructions, (old);
Do.
$6.60
$1 $10
B
$7
$27
127)
61
Der A Wings.........................
$12
$121
312
$12
$4,80
$4.31
фр
(new).65 cta .76 cta.
.85ota.
$21
Lane Crawfords....... Mackintosha
341
Nanyang Tobacco... $4
3161
Binceres
***
$15)
$7.80
$7.90
***
$8.36
Wm. Powells.
310
M. Greyhounds.......
Si
3. C.Enterprises...
United Theatres.......
B. Ind. G. Boads...
681"/
57,
H.K. Goyt, Loans ... $105-
$9
Wallace Harper.......
***
414
China Sports Ltd ...
***
$220
B.K Wing On............
8920 -#180-
#
Watsons
ShDo
H
13
•
LOCAJ AND REGULAR OUTWARD MAILS, ---
Janton ..
Samshui and Wuchow (By}
direct stormer)
WEEK DAYS, - ĮSUNDAYS & HOLIDAYS
HONG KONG DAILY PRESS, SATURDAY. APRIL 11933
MONEY AND MARKETS
HONG KONG STOCK MARKET.
YESTERDAY'S OFFICIAL
REPORT
The past week has again proved disappointing, and although there. wore occasional lashes of activity, these were but shurt-lived.
On the whole, maaketa were dull for the period, except investment securities, which continues to hold their own..
Closing tono very quiet.
Business Done During the Week.
Hong Kong Banks 81,710.
Union Insurances $362. Benguet Consolidated $10/20. Bonguet Explorations 20 cents. Providents (Old) 84,
Hotels $0.30, 33, $6.05, $7.10,
87.05, 0.05, 87
Lands, $721, $79, 872), $79. Humphreys $14.
Realtics $7.
Tramways $21.10, $2, $21. Star Ferries 801.
China Lights (Old) 812.30, 818.20,
$19.10.
China Lights ((New) 891, 892, Electrics $71, $72, 871).
Telephones $275, 827.40.
Cements (Combined) 80. Dairy Farms $27. Watsons 88; Amusements #13, $12), $121. Constructions (New) 75 cents.
Changes (3.15 p.m.) Olosing Quotations.
Buyers.
Benguet Consolidateds 8101. Benguet Explorations 25 cents. Electrics 871).
Sales,
Benguet Consolidateds $18/20. Hotels $7.
Lands 872
Star Fenies 201
THE EXCHANGE MARKET
MESSRS. ROZA
REPORT
Messrs. Roza Bros,, have for- warded in the following exchange market report for yesterday.
FINANCIAL NOTES FROM LONDON
PORTLAND CEMENT DOES WELL: SIR RICHARD
COOPER ON WORLD CO-OPERATION :
ROOSEVELT AND THE U.S. BANKS CHRISTY. BROTHERS' NEW ISSUE
(Special Air-Mail Service)·
SATISFACTORY ČEMENT
RESULTS
London, March 14.-In view of the slackening of activity in the building and allied trades the pre liminary results for 1032 of Asso ciated Portland Cement Manufac turers and its subsidiary, British Portland Cement Manufacturers, are quite satisfactory. These com panies, of which Mr. P. M. Ste wart is chairman, have a combined share and debenture capital of over £15,500,000, and together pro- duce about 70 p.o. of the home out put of cement.
The British Portland Co., after maintaining the transfers to de- preciation reserves at £235,000, is again paying 16 p.e. for the year on the Ordinary capital, but the carry-forward is £8,497 lower at 2200,522. As the forward balance was raised slightly a year ago a small shrinkage in profit appears to be indicated.
The controlling company is pro viding £337,150 for depreciation- an increase of £25,000-but the di- vidend on the Ordinary capital is reduced from 8 p.c. to 7
P.c. It should, however, be noted that the 500,000 shares issued in 1931, on which only 4 p.c. was paid a year ago, now rank for the full divi- dend. Consequently the gross dis- bursement is only £18,000 less; and since the carry-forward is £3,301 higher the net earnings have ap- parently been well maintained.
CONCERTED ACTION FOR
WORLD PROBLEMS
of gold. This, reveals something more than fear of penalties for passing hoarding; it shows also a of panic. Important also is statement by the Chase National Bank, announcing the separation of that, bank from its affiliated company, the Chase Securities Cbr- poration. We recorded in this co- lumn yesterday a similar step by the National City Bank. These two decisions show recognition that Mr. Roosevelt's plans for reor ganisation will be carried out in earnest, and also suggest full sup port and backing for such plans from the hig New York banks.
There is now every reason to hope for two things. The quick return to normal functioning by the sound banks, and the restora tion of the dollar to the exchange markets under favourable condi- tions. Interest will now centre up- on the nature of the measures, which cannot be delayed, for re storing proper bank facilities in the
weakest areas.
ELECTRICAL ENGINEERING
ISSUE
president liners
★ all 1,591,000
Weekly Sailings Transpacific
Seattle and Victoria
Fortnightly sailings on Wodnesdays Fortnightly sailings on Saturdays,
To San Francisco, Los
Angeles & New York
(via Panama.
Pres. McKinley'
Pres. Coolidge.kamann.
Pras. Lincoln
Pres. Hoover
Proa. Wilson
Pro Coolidge
Apr. 19
Apr. 28
May 10
Pres. Olay
May 24
Free. Taip med rutin'
15) ami Apr. 15 malay 6 May 20
Jone 7
Pres. Jefferson,
June 11
ROUND TRIP FARES TO EUROPE & AMERICA,
Special throngh, rates to Europe via United States. Direct connections with all Atlantad linse. Choice of rall lines across United States and Canada, liberal stop-over privileges for Sight-seeing, Full particulars upon application,
fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Buez Canal, Alexandria, Naples. Ganoa, Marseilles, New York and Boston.
Prea. Pierce.. Pres. Monroo
TO
Next Sailing
8 sim,
.Apr. 1* Proa, Van Buren...
.Apr. 15 Pres. Garfold.
MANILA
Apr. 29
Pres. Pierce April 1; 8 a.m.
Prea. Van Buren, ..............Apr. 29 Pres. Cleveland. Apr. 29 Pres. Lincoln......May 2 Pros, TaftinumMay 13
4 Apr. 8. ......Apr. 18 Apr. 18
Pres. McKinley ........................Apr. Pres. Jefferson Pres. Monroe Prea. Coolidge.
Connecting with B.B. MAYON To CEBU, ILOILO, ZAMBOANGA.
DOLLAR STEAMSHIP LINES AMERICAN
MAIL LINE:
CANTON BRANCH:—4, SnIxEN ÜTREET.
NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28380-Gloucester Building, Room 300.
[REUTER'S AMERICAN SERVICE]
.New York: March 30. Dow Jones Arerages:
--
30 Industrials
20 Rails
In-
20 Utilities
40 Bonds
Subscriptions will be received on Monday for an issue of 50,000 £1 Six per Cent. Preference shares and 50,000 £ï Ordinary shares of Christy Brothers and Co. The price of issue of each class has been fixed at 248. a share. Formed in 1883, when the staff consisted of one assistant, the company now has Silver prices dropped 1/8 yester
a staff of 500, and has long been day for both deliverica, the quote
Sir Richard Cooper, the chair- engaged with considerable success tions being 179/18 for Ready and nan of Choper, McDougall, and in various branches of the electri- 17 5/8.for forward. Silver advices Robertson, at the annual meeting cal engineering business. Its acti reported China as having sold. yesterday was emphatic in his view vities include the power equipment Speculators bought. The tone was that prosent world troubles could of mills and factories and the steady at the close. In America not by rectified as long as the prin- equipment, staffing, and manage- the rate was lower at 275/8 for cipal nations acted individually ment of a number of provincial Spot.
and attempted to deal piecemeal electric supply undertakings. with economic problems which were cluding the present issue the capi
shares and intimately interwoven with those of tal amounts to £225,000, divided
An eminently £75,000. Preference
shares. There ther countries. satisfactory solution of one problem £150,000 Ordinary alone would, he said, complicate are no debeatures or mortgages the settlement of equally important and the articles provide that the problems of another, nature. He issued Preference capital' shall went on to say that just as victory never exceed on's-half the issued Or in the Great War would not have dinary capital. Directorial policy been possible without united action has been directed to facilitating among the Allies, so only by con- the taking up of shares by the com- certed action among the principal pany's employees, and to-day more natios of the world, presented by a small body of prac ical statesmen, big in their minds and unselfish in their outlook, could
The New York/London cross-rate was higher at 3.427/8.
With the exception of the Tael which was unchanged at 76 1/4 and the Bangkok rate which was put up to 1421/2, other rates were lower
ed.
casiness.
Market.
each
re-
Quiet, the tone was inclined to
Sterling. The market opened with buyers at 1/3 31/39, sellers offering 1/3 0,32 leading to a small business later at 1/15/16 for rear and 1/390/32 cash. The market closed at lunch time with sellers at 1/3 7/8. March/April and 1/3 29/324 effective solution be found. Dealing with the business of the May, bayers at 1/33 higher respec- company, Sir Richard said the tively.
board visualized more competitive Gold Dollars.
circumstances under which trade
than half the total shareholders are past or present employees, whose holdings represent more than ons fourth of the issued shares. It is provided that in any year when the dividend to the ordinary sharehol dors exceed 7 per cent. mum equal to 'the amount of such excess dividend shall be paid to the direc No business was reported. There would be conducted in future than tors to be divided between then were arllers at 2211/16 March/those they had lown in the past. selves as they think fit, and a like April and 22 13/16 May, buyers at Because of this the, company was sum applied at the board's discre 22 3/4 March/April and 22 7/8 May. overhauling its methods and its ortion for the benefit of the com ganization. To this end it was the pany's employees. For some years Merchants were quoted at 105 3/4 board's intention to increase ex- past dividends have been 10 per for near delivery.
penditure on the technical and re- cent, and upwards, and in addition Taale.
Having regard to there have been bonuses in the search service. Sellers at 773/4 for cash, buyers the fact that the company's cus- shape of allotments of new Ordin probably at 1/8 higher.
tomers are pastoralists and agriculary shares. Including proceeds of turists, who have felt more keenly the present issue, the company the any the full force of the shows a surplus of assets over h
abilities that covers the capital economic storm, the company's re- with 1.7 excess of upwards of
Yen
Shanghal
;
Quiet Sellers were indicated at 180/3 April, buyera probably at 1/4.7/10 cash
IN THE AFTERNOON. The marker was quiet in the afternoon, the undertone... being casier.
..
In Sterling a saiall transaction was done at 1/37/8 for April, finishing with sellers at 1/3 27/32 April and, 1/37/8 May, buyers at SHUNWAY 1/3 7/9 April and probably 1/3
20/32 May.
FROM
9.00 $.
('890 m."
1.80 Sundays 8.30.12.- Lonly
FUR
FROM G.P.0.
FROM SUKUKOWAN
FROM G.P.O
BRANCH
BRANCH P.O..
P.0.
7.15 am.5 7.00 μm. 6.00 p.m.
4.00 p.m.
7,00p.m.
4:00 p
Macno & Trinshaa.
Xongmoon (except Saturdays) Kankong (örcept Saturdays) Fateban and Wackow (By)
| 7,16 1,1. &} § 7.80 ..
1,15 p.m.
6.00p.m.
$1.00 P.00.
(775
5.00 p
4:00 p.m.
(8.15 a.m. 1.15 p. * Sundays 8.15.10. 11,80 p.m.
Lonly
5.00 pm.
& 17.00 &
17.00 p
6.00 p.ra.
Train)
7.168.0.
1,00 p
8,00p.m. (9.00 àm, &
9.00 am. &!
7,15 m.
11.00 s.m. 1:00
O FU
L'al Po
Sbumokun
Stanley
Sutau
Aberdeen
Pingahan, Bantin
Shatankok and. Sheung-
Tamban
Numay
8.00 pt 1.00 p.m. &
11.00 .04. €11,00
6:00
8,00
12.80 Prile
Shatin,
8,990, p.
480 pa
£1.00 8.30-
10.80 m
10.80 8.1,
6.00 peta
6.00 μm.
Gold Dollars,
cent récord is a tribute to the skill of the management.
US. CONFIDENCE Recent confident expectations of Mr. Roosevelt's policy are confirmed by his message to Congress,
The casential merita of his course of aetion, are his avoidance of fancy expedients, his bold deter-
The market closed with sellers at 225/8 April and 2215/16 May,mination to restore confidence in buyerz at 22 11/16 April and 23 May.
AMERICAN ORIENTAL FINANCE
CORPORATION
A COMPLETE
SERVICE
A complete brokerage service for Now York Stooks in available at our loonl Agenta:-
Lands Limited
Glonooster Building.
Quotations
request.
the Federal Reserve system and in the existing currency, and above all his recognition that stern re- construction of unsound concetas is essential.
Details remain to be filled in But first impressions among Lon- don bankers last night, were very favouable.
It would be futile to minimise the vastness of the task of banking reconstraction. But a sound-be- ning is being made, and we should expect to find to-day a wave of relief and of renewed confidence both in New York and London and
High 1932: Low: Mar. 20 Mar 30
88.78
41.30
30.11 83.20
41.22 58:61
13.23 | 27.14.
10.53 20.41
50.48
Change
32 down
20.74. 40 down
20.40 01 down
65.78 74.03. 1. 7475. ".18 down
Asia Lands, Limited, has received the following report from their New York correspondents, E. A. Pierco & Co. There is no fundamental change in the market. Increasing selectivity is noticeable, some stocks. ruling strong, while others ars weak. The weakness of one issue was not communicated through the whole list. It seems the undertone is gradually growing firmer. Scattered selling of wheat on an annouri cement the Farm Board would order Co-operative Societies to liquidate loans, attracted attention. The cotton market ruled firm on broader demand.
The Silver market ruled quieter and
Business Dona: 620,000 shares,
tendency is lower.
1938
Drv. 8.
HIGH 62)
Low PER. SḤ.
21
3.0
Air Reduction
$16
LAST SALE Mar, 20 Mar 30
$572
·871
42)
6.00 Allied Chemical & Dye
761
737
오빠
4.00 American Can ...
1378
714
9.00 American Tel. & Tel...
00
00
891
44
5.00 American Tobaccó
162
3
Anaconda Copper Mining
-1514
281
2.00 Auburn
43
201
1.60 Borden Company
Canadian Pacific
201
1.00 Chrysler. Motors
68*
31
4.00 Consolidated Gay of N.Y.
43
23
37
3.00 Druza, Inc..
391
221
200 Da Pont de Nemours
·341.
38
3.00 Eastman Kodak
33.
87%
Б
6%. Electric Bond & Share
12
457
B
0.40 General Electric
13
28
401
194
2.00 General Foods....
24
7#
1.00 General Motors
24
104:
$1.0% Gillette Safety
103
0.60 International Harvester
108
087
7.00
(Preferred)
148
321
68
4,00 Liggett & Myers "B"
13t
1.00 Loew's Inc.
181
a
-- Montgomery Ward ............
40%
20%
2.80 National Biscuit
37
162
2.00 Pacific Gas & Electric
0.50 Pennsylvania Railway
171
March 21, 1933
Radio Corpo.
ON LONDON:-
Telegraphic Transfer... Bank Billa, on demand Bank Bills, 4 months'.
might
Scara Rochuck
197
38
/31
30%
4. months'
*1/44
OF
NEW YORK:---
10
Bank Billa, on demand 2 }
242,000.
EXCHANGE
CLOSING QUOTATIONS
Credits,
sight
Oredita, 80 daya' sight.. 988
ON PAR18
"Bank, Bills, on demand 67+ Credits, 4 months' sight (074 ON INDIAN
Telegraphie Transfer...)
Bank, on demand send le ON SHANDBAL - - ----- --
On Demand
ON KOBS:
On demand OR MANILA
On demand.
On demand
in the Continental centres. The ON SINGAPORE dollar is being saved, the imme.
and plans are being laid to ent out the cancer of bank rottenners in the interior. The past week may well have brought us mester to the end of the depression."
A very favourable omen for the immediate future is the rapid re- turn to the banks of huge hoarde,
On demand ON BAIGON B
On demand ON BANGZOK:--- On demand SOVEREIGNS, Bank Buying
BAR SILVER, per on co
International Tel & Tel.
Jersey
1.00 Standard Oil Co of Ne
8~0.40 Socony-Vacuum Corpo, ***
18 190 Union Carbide & Carbon
0.00 Union Pacife
United States Steel. Westinghouse End M
89 bid 904
10
LONDON STOCK EXCHANGE
Prague Helsingfors Madrid
1157
883
Lisbon
[BRITION WIRKSNES SERVICE." :
Athena
Bucharest
1639
Belgrade
602 575; 255
Rugby, March 30,
Bio
Paris
-87-B/18-
Buenos Aires
New York Montreal
Montevideo Bombay
33. dom.
1/8.1/18)
8.31
Hong Kong
68-3/16
Yokohama
14.38
16.90
$27/16 10
1489
Genova Amsterdam
Milan Borlin Stockholm
Copenhage)
Oslo... Vienns
19.43.
4,12
24.501
Bouth
Ster
Silver (Spot) Biyer (Forward)
Bl nom. War Loan 31%
No comments yet.
Private notes are available after approval.