1933-04-22 — Page 13

DAILY SHARE QUOTATIONS

HONG KONG STOCK

Buyers Bellore

EXCHANGE.

FRIDAY.

Bale No APRIL 21.

Banku

1750 H.K. Banks

£12

£13

£0%

3:00

$20

SHAREBROKERS

“ASSOCIATION.

2241

Do. (London) ... Chartered Banks Mercantile Bks. "A"

Do.

Bank of East Asia...

N. O. & S. Barke ...

Am. O. Fin. Corp:

$55.40 China Fin. Corp. Ord.

Insurances

Canton InsuranONS.

Underwriters

Do.

Prof.

Kining Benguets.......

Baport

Baliace

Balos

***

! ! ! ! ! ⠀⠀⠀⠀⠀

-***

$1,735

£131

£94

201 SION $71

140

$1,355 $8.40. $500 $825

HONG KONG DAILY PRESS, SATURDAY, APRIL 22, 1933

MONEY

HONG KONG STOCK MARKET

WEEKLY REPORT

In the investment section rates kept stends throughout the pasi week, and, where changed, were slightly marked up, although, ow ing to scarcity of efferings, the hasiness put through was on the peor side.

The lower priced issues were rather negiccted, except in the $1,340 vase of Chinn Lights, which com manded a ready market during the period under review.

The outstanding feature of the week. however, was the sharp up- turn-made by Benguet Consolidat. eds and Benguet Explorations, the former advancing from 320 to $233, and the latter from 30 cents to cents.

י

Closing tone fairly steady. Business Done During the Week,

Hongkong Banks, $1,760.

876.00

$1,360

$2.36

$500

Union InsuranOOS ...

$630

China Fires

$1,240

H.K. Fires

56.25 International Assco..

Shipping

$32,

Douglases escáne

$34

$22

Steamboats

$22

Indos (pref.)

65/-

#20

Do. (def.)

B0/-

45/-

Shelle

$20

Watertonte

41/0 $20

323

$204

$420 Venezuela Gold Fida.

#3

21/3

Kailans

25/-

T.8 60

TJ,28

T.3.25

Union Insurances, $569. H.K. Fire Insurance, $1,245

38.30

13/6

Lands 874, 8741,

ex. Benguet Consolidateds, $99. - Hotels. 87. 26.95, 86.70, 807.

div.

Traneways. 8217;

$130

Star Ferries $904.

J

China Lights (Old), $12, 812.10.

#20

$8

38

T.134

T.8

+

$74

$1.30

$18

$10

$8

#IS

H.K Landa

8830

"B"

33 eta.

$131

$95

6.80/1

$001

339.20 Langkate (single)...

832.90 Explorations.........

813.20 Shanghai Loans ...

89.30

93.00

Raubs

Trondh Mines Benguet Explorations Books, WhaZVOR, Godowns, sto.

"H.K. 4K, Wharves. Providents (old) .....

Do. (new)

H.K&W. book's

S. China Motors 'A'

Do.

83133 Shanghai Docks ...

New Engineerings

B1330 Hongkawe...................... Lands, Hotels, and

-Buildings

H.K. Hotels

Shanghai Landa ...

9$14 Metropolitsa Lands..

$7.10 H.K. Ilealties......

8314.75 China Do

S$16.40

Humphreys

Asin Realties "A"

Do.

Chinese Estates..

Ootton Milla

8895 S'hai Cotton.....

S814 Zong Singa

$103 Wing On Textiles(S.);

3211

Public Utilitee

Tramways...........

$1.20 Peak Trams (old)...

Do. (now)... Star Ferrios.

Yaumati Ferries(old)

Do. (Dow cum. rights...

China Lights (old)...

Do. (new)...]

$1137 Do.

M3140)

M320

Ewos

Debentures

......

"B"....

$1.45

⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀⠀⠀

$8.80

6.60/8.175

8741

雞

440

***

37

***

$13.90

Electrics, 8721, $723.

Telephones, $27.15, $27.10.

Cements (Combined), $7. Dairy Farms, $27.

Watsons, 98.

Lane, Crawforda, $43, 34.60 Ewo Cottons, Tis $18.

CLOSING QUOTATIONS,

Buyers.

Benguet Explorations, 35 cents. China Lights (Old), $12.

Sellers.

Cements (Combined), $8.90,

Sales.

China Lights (Old), $12.10. Telephones, $27.10.

Watsons, 28.

MARKET

T.15

T.95

THE EXCHANGE

T.11 $100

31.10.20

H

318 .38

Sac

$32

139

$314

$11.95

311

the

H.K. Electrica ......

$72,

$25

Macao do.

Sandakan Lights ....

$87.is Telephones.

8914 China Buses*****

Do. (pref.)......

2/

Tractions

12/

Industrials

$15

Malabon Sugars

#31 $30 11.05/19 -

30

37

$6.20 36,70

33

Do.

(old)...

SIA

· ទ

818 Caldbeck, Lord.)

53:4.70 Macgregors prof.)

Canton Ices******

Cements (comb.)...

Do, (new)...

Hopes.*****

Ch: Agrionitares

Miscellaneous-

Dairy Farras...............

Der A Wings.................. Amusements ........ Ch. Etainments..... Constructions, (old) Do. (DOW) Lane Crawforda...... Mackintosha............. Nanyang Tobacco... Bincores ........................... Watsons...69122201545

$27

1

$124

$12

.90 etx

10+

$4.55

$21

$10

$5

18.36

Wm. Powellaisten

310

M. Greyhounds......

13)

8. C. Enterprises

158.60 United Theatres......]

་·

68 B. Ind. G. Bonds...

H.K. Govt, Loans... $105

pretu.

$9

Wallace Harper.....

*

China Sports Ltd ...

$220

H.K Wing O........ S'hai Dio

MESSRS. ROZA BROS., REPORT

AND MARKETS

FINANCIAL NOTES FROM LONDON

Annual Meetings of Three Great Firms; Eastern Bank; British Aluminium Co., Morris Motors; Imperial Chemicals.

(Special Air-Mail Service)

THE EASTERN BANK. LTD, - as was paid for 1929 and 1930. Goodwill, patent rights and trade LONDON, April 4.anrks are written down to £200,000 The twenty-third annual general by a transfer of £300,000, compared eating of the Eastern Bank, Ltd., with £100,000 appropriated for the was held last Wednesday at the purpose a year ago. Reserve for 35ffice of the Bank, 2 and 3, Crosby-income-tax receives £50,000, and

square, London, EC.

£223,255

forward, goes

against Mr. J. S. Haskell (the chairman) £230,331 brought in. said: The past year has not, on the

In addition, reserve for contin- whole, been any better than its im-gencies in raised from £245.792 to mediate predecessors. World con- £42,005, of, which £36.873 repre ditione have gone from bad

tosents pront on sales of investments worse, and the general depression and appreciation in Goverment has become more accentuated. At securities. The balance-sheet posi- home the balancing of the Budget, tion is impregnable. Cash Govern the improvement in sterling ment securities and deposit at changes, and the recovery in British bankers together total 4,565,000, securities, coupled with the regain apart from which there are enor ing by our manufacturers of a part! mous reserves concealed in the writ of the home market, have helped to i ten-down values of other assets. restore confidence and engender, a

Messrs. Rozn Bros., have forward. ed us the following exchange mar het report for yesterday.

more hopeful feeling, but the con- IMPERIAL CHEMICAL tinued drop in the prices of com modities did not conduce to any expansion of trade,

tax

JR

REPORT

Sales

expanded both in

the

some which

Preliminary figures of Imperial. The result of the year, including a sum of £34,291 brought forward. Chemical Industries, showing an is a profit of £136,206. An interim expansion of £1,320,782 to £4,790,079 dividend of 3 per cent. has been in net profit, and an increase of paid, and we now recommend a final p.c. to 5 p.e. in the Ordinary dividend of 3 per cent., less income dividend, were given here on March 4s. 1.01d., and to transfer 16. The Tull report confirms the £53,000 to the contingency fund. surmise that the combine was help- leaving £41.930 to be carried ed by the new import duties and the depreciation of sterling. But forward an increase of £8,044.

that is not the sole explanation. It As for the outlook generally, it is encouraging to learn that the im most difficult to hazard anprovement was due quite as much opinion. Our Government has ac- to increased efficiency in production complished a great deal. towards and marketing as to extraneous ad- stabilising the situation at home.vantages, which are likely to be less The conversion of the 5 per cent.permanent in character. War Loan has been a notable achievement and of great help to the Exchequer. On the other hand, aggregate and in most of the lead- Alkali and general the conversion will press very hard- ing groups:

chemicals, dyestuffs, fertilisers, ly on small investors, particularly those dependent on income from non-ferrous metals, leather cloth, The dyestuffs and their savings, unless accompanied and cellulose.

fertiliser inarkets derived benefit from agreements by a reduction of income tax.

The report and accounts were unanimously adopted.

were reached with other European producers.

in A slight decline Silver prices ruse substantially

home sales of explosives was offset yesterday to the extent of 13/16

by an increased export demand. for both deliveries, quotations be

As already notified, the reserves ing 19.3/16 for Ready and 19 for The ordinary general meeting of are augmented by £1,300,000 from $27.10 Forward. The rise was attributed the British Aluminium. Company, profits Combined reserves then to American speculators having Ltd., was held yesterday in London, stand in the balance-sheet at bought. Offerings were small. The

Mr. R. W. Cooper (the chairman) £13,500,000, which is £2,887,404 less tone at the close was uncertain, said that the profit of £339,181 than a year ago, owing to transfers In America the price was quoted at showed a reduction of only £4.450, of £4,387,404 to write down the in- 337 for Spo

compared with 1931. The receipts terests in subsidiaries and associat- New York wires reported the from the enployment of liquid d companies, &c. Investments in opening rate at 3.80 and the closing funds fell by just over £20,000, but and advances to subsidiaries ac- rate at 3.31. The highest rate there was an increase of £25,000 in count for £86,308,139 of the assets done was 3.81 and the lowest 3.50. the trading profit. The year had total of £60,819,492. The market was erratic.

witnessed further contraction, in Cash and Government securities Market.

utilisation of aluminium through are £2,833.360 higher, at £7,076,269, Uncertain at the opening but out the world, and a somewhat but debtors

down from later ensed off owing to some de drastic reduction of output at their £6.572,549 to £3,967.302 Holdings producing works had been neces-in associated concerns stand ut "other invest- The effects of the exchange £8,201,095, while situation and of the incidence of menta" are entered at £3,858,130. an import duty had contributed to This is £3,040,278 higher than the the maintenance of the company's market value, but the depreciation position by enabling them to obtain is amply covered by the general a rather larger participation in the reserve. home market.

*** 19; 5; : &

$121

.9) cla

$4.50

14! $15

17

$3

LOCAL AND REGULAR OUTWARD MAILS,

Canton ...

Samahni and Wuchow (By}

direct steamer)

8220

8160

mand.

Sterling.

The market opened with sellers at 1/4.3/18, buyers bidding (1/4.5/16. Subsequently the buying rate receded to 1/4 at which rate same business was done for April and May delivery followed by transactions at 1/4.3/10 for near and 1/4 for April-May and second half May. The market closed at lunch time with sellers at 1/4.1/16 April, 1/4.3/32 May and 1/4 Juno, buyers at 1/4 April second half May and 1/4.5/32 June.

Gold 'Dellars,

BRITISH ALUMINIUM CO.,

LTD.

sary.

aboard were reduced during the Imports and competition from greater part of the year, but there had been a recrudescence of imports in recent months. That appeared

аге

FINANCIAL SCANDAL IN PARIS

WITH FRAUDULENT TRANSACTIONS

to be the outcome of increasing sub- FORMER PREMIER CHARGED aidies and other facilities extended to certain foreign exporters by their Governments, the present rates of import duty in this country be-

The market opened with sellers at 25 for pear, buyora bidding 254. Subsequently the buying rate receding insufficient to safeguard the in-

Paris, Apr. 10.--Another financial scandal has caused a sensation here, ed to 251 at which rate business dustry against such incursions. the chief persone involved being a was done for cash followed by Great Britain was one of the lar former Premier, M. Francois Mar transactions at 201 for second half gest consumers of aluminium, and May, second half May, 25 May, this great and important British 81, and the financier, M. Segues. 26.7/10 last day April, 25. May, industry should be adequately pro- as directors of the colonial trading who are being charged with having, SUNDAYS & HOLIDAYS | near and 251 May. Business tested.

was also done at 31 July. The market closed at lunch time with sellers at 23 April, 25.3/18 May, 35.5/16 June and 25.0/18 July, buy ers at 1/8 higher respectively.

Yen. Merchants were quoted at 110 for near delivery,

Development of the uses of aluminium and its alloys had pro- Facx

creded satisfactorily during the BRANCH

year, and certain new applications ደ..

were being vigorously followed up. In transport vehicles of all kinds 17,35 x.m. & § 7,00 am, &

the use of aluminium and light 15,00 pm.

17,00p.m.

alloys for various components was 100 p.m.

now regarded as normal practice. Were quoted at 100 for near de- Work under the contract for the (8.15 am, &] (8,30 am, & livery.

construction of the second stage of the hydraulic work at Lochaber hnd made good progress..

WEEK DAYS,

FUB

FROM G.P.O.

FROM SKEUNGWAN BRANCH P.O,

FROX G.P.O,

1

7.15 am, &) [ 7.00 am. 6.00p.m.

17.00 p.ns.

4.00 p.m.

4,00 po

§ 7,15 am, & | 7,80 2,m, ***1.15 p., | | 1.80 p.m

Kongmoon (except Saturdays) Kaukong (except Saturdays)|

6.00 p.m.

0.00 8.00, 6.00 p.m.

7.168.0.

7.10 8.10.

11,00

1.00 p.m.

£9.00 am. &

9,00

1

11.00

(11.00

Macao & TaizenEA

Fatahan and Wuchow (By]

Train)

Tai Po

Shumahun

640

Aberdeen

BLANJOY ...

0,00 km. &

3.00 pm 1.00p

8.00 1.10.

12.80

Pam

8.30

•

Pingsban, Bantis - Bhatip,

8.00 P

4.30 p.

7,00

Sastankok and Sheung

Barang.

Tamčan Brokk; & Taiping

1.15 pm, Bundays 8.15.10. only

8.00 p.m.

9.00 $3

1.80 Sundays 1,30 135 Lonly

6.00 p.m.

8,00 p

7.00 p

Shanghal Dollars.

Shanghai."

Early advices indicated sellers at 1/2 for near. Subsequently the market cased off and buyers were reported at 1/2.10/18 for near, sellors at 1/2) May/

IN THE AFTERNOON- The market was steady in the Liternoon.

Sterling.

The report was unanimously adopted.

MORRIS MOTORS LARGER

PROFITS

Increased earnings and an im mensely strong financial position are the outstanding characteristics Business was reported at 1/4.3/16 of the accounts of Morris Motors for May delivery finishing with for 1932. Gross profits are £102,000 Bighorst- £1,202, 20% while the net. sellers at 1/31 April-day: An 275- figare arrived aty

tüfter substantial 3/10 June, buyers at 1/0 higher allowances for depreciation and in- respectively.

cluding £167,248 interest on Govern- We Gold Dollars.

ment stocks-is also £102,000 up at

£912,675.

Business was done at 21 and £5.7/16 May. The market closed with sellers at 241 ́April, 25.7/10 May and 25 June, buyera probably at 25.7/18 for cash, 25 May and

June.

The dividend on the Ordinary shares, which are held by Sir Wil- liam Morris, is raised from 5 to 10 p. tax-free. This is the same rate

concern: "Boolete Commerciale do l'Ouest Afrique," caused losses aggregating 35,000,000 francs by fraudulent stock exchange trans actions. According to

the press, Marso) and Seguei founded a syndicate for the purpose of specu- lating in the shares of the colonial company and they enriched them- selves by the simple method of pocketing the profits and charging the losses to the company.

ÇENDA

ALLAR BULL

MAPLA

MANG

COLOMBO

13

PEAKMANCISCO

MOURNA

CRISTOBAL

BALIOA

VRERE

Weekly Sailings Transpacific

To San Francisco, Los Angeles & New York

via Panama, Fortnightly sailings on Wednesdays Pres. Coolidge...Apr. 27, 1 x. Pres. Lincoln

May 10

Pre Hoover ....

Pres. Wilson

May 24 Junio 7

Pros. Coolidge

................. June 21

To Seattle and Victoria

Fortnightly sailings on Saturdays Pres. Oloveland ....May 8 Pres, Taft

***May 20 Pres. Jefferson...............June 3 Froe. Clevoland** Pres. Taft... - Antar

.....Jun 24 July 6

ROUND TRIP FARES TO EUROPE & AMERICA,

Special through rates to Europe via United Slater,

Direct connection with all Atlantic lines. Uhoice of rail lines across United States and Canada, liberal stop-over privileges for Bight-seeing. Full particulars upon application.

Fortnightly via Suez to Europe & Amèrica

Fortuightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Busz Canal, Alexandria, Naples, Ganos, Marseilles, New York and Boston.

Pres. Van Buren........ Pres. Garfield

8 m

.Apr. 29

Proa. Polk

8. May 27

June 10

May 13 Proa, Adams

MANILA

Pres. Van Buren April 29, 8 a.m.

TO

Next Sailing

Proa, Cleveland

Apr. 29

Pres. Hoover

Prea, Lincoln.

May 2

Prea. Polk

Pres. Garfield...............May. 13

Pres. Jefferson..

Pres Taft...

May 13

Pres. Wilson

May $7 May 27

***** * ***May 20

Connecting with 8,8. MAYON, TO CEBU, ILOILO, ZAMBOANGA DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

PEDDER BUILDING-HONGKONG. CANTON BRANCH:-4, SHAKER ROAD.

PACIFIC ORIENTAL

MONTHLY CARGO AND PASSENGER SERVICE

M.S.

'JUTLANDIA” Sailing on 27th APR.

· CARGO AND PASSENGERS ACCEPTED FOR SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC.`

THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS. Excellent Passenger Accommodation

Passenger fare, Hongkong/San Francisco

(1st class only)

08120.

For Freight and Passage, etc. please Apply to:

THE CHINESE AMERICAN SHIPPING COMPANY

THE BAST ASIATIC CO, LTD.

Agenta:

Agent: JOHN MANNERS & CO., LTD. HONG SLING

Office: MERCANTILE BANK BUILDING (TOP FLO0A), 7, QUEEN'S RD., CENTRAL, TELEPHONE: 24071.

NEW YORK STOCK EXCHANGE

ASIA LANDS, LTD.," QUOTATIONS (INCORPORATED IN “HONG KONG.)

Tel. 28380-Glaucaster Building, Room 306.

- {BRUTER'S AMERICAN HERVIEW]

New York: April 20.. Dow Jones Averages: High-1932

30 Industrials

Low: Apr. 19,

88.78

41.22 68.31

20. Rails

41.30

18.23 27.50

30.11

83.26

20 Utilities

40 Bonds

Change

Apr. 20

72.27 3.06 up 28.75 1.18 up: 10.53 21.24 94.62 3.28 up

h

65.78 73.70. 73.53' .23 down

Asia Zanda, Kimited, has received the following report from their New York correspondents, E A. Pierce & Co. In view of circumstances and the tremendous pece of the advance the market seted exceptionally well, the large amount of profit-taking boing strongly absorbed. The late rise in utilities may foreshadow a similar demonstration in rails and we would watch the rail group carefully for trading purposes. Wheat and cotton opened strong but reacted slightly on heavy prost- taking. Silver closed at the three-cent limit with a heavy volume of business done. The immediate trend seems to depend on inflationary belief.

Business Done: 7,130,000 shares..

1.60 Borden Company

Canadian Pacife

1039

HIGH 04)

Div. 8 Low PE Sn.

LAST SALE

Apr. 19 Apr. 20

30%

3.00 Air Reduction

$601

42)

8.00 Allied Chemical & Dyo.....

891

914

29

4.00 American Can ...

70.

744

97

American Smelting..

20

187

701

9.00 American Tel. & Tel.

80

601 198

44

5.00 American Tobacco "B"

7011

Anaconda Copper' Mining" 2.00 Auburn

10

58)

231

...

J. I. Castrovine

1.00 Chrysler Motors

91

131

AMERICAN ORIENTAL FINANCE CORPORATION

697

4.00 Consolidated Gas of N.Y.

434

57

3.00 Drugs, Inc.

407

41A

2.00 Du Pont de Nemours

through its Agent

:87

3.00 Eastman Kodaknas.

44%

484

.67%

.48

6% 8. Electric Bond & Share

14.

મ

0.40 General Electric.

16

17

+40%

2.00 General Foods

251

20

248

1.00 General Motors

35Z

37

1.

34

108,

D

Gillette Safety ci 0.00 International Harvester 7.00

(Preferred)

971

144

17

2.80 National Biscuit

2.00 Pacific Gas & Electrio

0.50 Pennsylvania Railway

18

-Radio Corpn... i,

Sears Roebuck

1.00 Standard Oil Co. of New.

30%

Jersey

Bia

Asia Lands Limited

Gloucester Building

offers a COMPLETE

BROKERAGE.

WSERVICE

in

NEW YORK STOCKS,

·Full and Odi Lots of listed Securities • bought and wold for -ouch, or carried on conservativo

margin.

Phone 28380.

International. 14.00. Liggett & Myers

1.00 Loew's 'Inde bilk

Montgomery Ward

ין