DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE,
SHAREBROKERS ASSOCIATION.
Buyers Belter
Bales Nominal
SATURDAY, APRIL 22,
| Buyers
Ballers
Banks
$1,720 H.K. Banks
£123
Bale Nomina
$1,735
401
HONG KONG DAILY PRESS, MONDAY, APRIL 24, 1933
MONEY AND MARKETS
U.S. INVESTMENT
NEWS
"A"
£241
EDI
ASIA LANDS REPORT
$101
371
Do. (London)
£131 Chartered Banks Mercantile Bks."
Do,
E24
$100
N. C. & S. Barke
$20
Bank of East Asia...
Am. O. Fir. Corp: M
315.40 China Fiu. Corp. Ord.
00928
Do.
Insurance
Pref.
Canton InsuraTÖOS „..
I
$1,300
$1,370
$2.35
Underwriters
本服务业业务|
$500
Union Insurances .......
$620
China Fires
$1,240)
H.K. Fires
985.95 International Assoe..
$921
Shipping
Douglases
#22
Steamboats
$26
Indos (pref.)
120
Do. (def.)
45/-
Shells.....
$10
Waterb-cate
Mining
$24)
15$2,90
Benguets...
14 20 Venezuela Gold Flds. 31/3
Kailans
889.20 Langkata (single)...
Exploration..ványa,
813.20 Shanghai Loans $9.30 Raabs ........
Tronoh Mines Benguet Explorations
Docks, WhaṛTSE,
Godowns, sta.
H.K. & K. Whärvor.
+4
Providents (old)...$3,80
I.K. & W. Docks...
$240 3360 $896 $1.840
$34 322 65/-
80/-
41/0
$20
1243
J
.
12 25/. T.8 50 T.3.20 T.8.25 $0.50 13/8
36 sta.
++
$131
83.80
83.95 13.95
$1.30
8181
Do. (new) ... $1.45
$1.86 $1.45
r
***
$10
ነጻ
S. China Motors' A'
Do
***
$20 $8 $8
$6.66 8745
385
$75
53133 Shanghai Dooks...
318
New Engineerings
$1300 Hongkow************* Landi, Hotain, and Buildings
... 8 $30.0
8014
$7.10
... 14.7
H.K. Hotels
H.K Lands
$6.70
****... $74)
Shangbai Lands ....
Metropolitan Landa..
H.K. Kealties.......................| China Do
B$137 Do. Debentures
314
Humphrey's
M140 Asia Realties "A"- MF20
"R"
Chinese Estates......
Do.
Cotton Mills
$516
Ewos
T.13 T15.20
E895
'hai Cotton
***
American Sugar Refining Co.
Although lower domestic con- sumption and increased importa- tions of refined sugar caused u de- line of nearly 8% in the meltings. of the company last year, the mar
in of profit was relatively well maintained. Through the rotire- ment of $3,500,000 of bonds at the beginning of 1932, substantial say- ings in interest requirements also, were effectod, with the result that' income (before $176,421 deductions for premium and discount on bonds retired) totalled '84,501,408, or $3,01 common share. The comparable figure for the preceding year was $4,578,581, or 83,17 a share. A strong financial condition has been maintained.
A
Consolidated Gas Go. of New York.
FINANCIAL NOTES FROM LONDON
Annual Meetings of two Far Eastern Banks: Indian Tax Problems: Some Principles of Motor Insurance
(Special Air-Mail Service)
Loudon, April 4. CURRENCY COMPETITION
IN THE EAST
INOTO
Eastern exchange
y.
ол
the National Employers' Mutual General Insurance Association yes- terday. He commented, particular- Lord Danesfort's Road Traffic (Compensation for Aedi. Two
dents) Bill, indicating that the Chartered Bank banks-the
of
effects of the proposals, if they be India, Australia, and China
came law, would be to provide com the and
Eastern Bank-held
pensation in almost every accident, their annual meetings yesterday.
"which seemed
tho unfair to Among the most interesting pas-
motorist who had not done any sages in the speech of Mr. A.
thing wrong but, who was unable d'Anyers Willis, the chairman of to prove the pedestrian's neglig the Chartered Bank, was that in
ence." Sir Stanley suggested that which he referred to Japanese com-motorists should take an active in- The ability of the Company to
This he petition.
characterized withstand demoralized trade con-
as one of the most disturbing fac-Parliament, for, he warned them
terest in the proposals now before ditions in recent months is reflected tors of the year. It was due in that, if adopted, these would prove 1130 impressively in the earnings show-
ing for 1939. This relatively favour great mensures to the depreciation costly for thein. "Even mutual able result was achieved despite the of the yen, and that dumping is offices," he reminded the meeting, fact that total operating revenues, taking place in practically every had to charge sufficient premiums at 8232,043,838, were $9,761,830 less market in the East is evident from
to cover. the losses of all their then in 1931, that senior charges the illustrations of ridiculously low members. Other issues were raised were increased, and that retirement prices for certain articles which Mr. by comments in the address on the appropriations
were somewhat Willis gave. It was, he said, quite selection of risks. The association, higher because of the increased impossible for Western uations to the chairman said, had no desire plant account. A densely populat- compete against such prices; the
to admit those who, by their care- ed industrial territory provides only consoling thought was that the less driving or for other reasons, ample ground for resumption of raw materials from which the goods might cause a loss to the general the steady expansion of profits were mufactured were purchased body of their members, and the witnessed through 1930, while the promotional rate structure ultima. when the yen was probably twice management tried, therefore, to tely should stimulate consumer de its present value, and that the posi- select only killed and careful tion might possibly rectify itself drivers and those whoso standing mand.
when the replenishing of stocks, on was beyond reproach. It cema a much depreciated currency, start-distinctly fortunate for the comma- had at the moment practically companies which are ready to in- ed to operate. However, Japan nity that there are large insurance stranglehold on all Eastern markets | sure motoriste, even though their in the way of cotton goods, tex-record is not entirely creditable, to tiles, etc., which she would fight them. Since motorists are now re- of low corn, costs, profit margins strenuously to maintain, aided as quired to provide security for the have been well maintained, despite she was by subsidies in transport, fulfilment of third-party claims the downward rovisions in Belling factory wages which averaged 88.companies are known to hold that prices. Net income for the year
04-hour week, nod general they should do their utmost to pru-
1.134 T.S
37
TH
$13.90
++
7.95
#2}}
$32
$311
$12.50
812.10
$72
3111
3814 70ong Sings .......... $PX
Wing On Textiles(S.).
Public Utilities
Tramways go
$1.20 Poak Trams (old)...
18
Do. (now)...
190 Star Ferries
Yaunti Ferries (old)
Do: (DOW
cam. rights...
Chins Lights (old)... Do. (now)...
T.1#
*
$100
#21
316
38
3861
$32
#31
120
$12301 18/12.10
+
#11t
H.K. Electrice......
$72}
EX
Macao do.
$104
Sandakan Lights
27.10/27
Telephones...................
397
27
S$14
China Buses.........
+
21-
Tractions
L
***
12/-
* Do.
(prot.).....
Industriala
216
Malabon Bugar
$97
8814.70 Macgregors (pref.)]
|$194] Caldbeck, (ord.)
| $6
Canton Ices
#6
$6.90
Cements (comb.)... €3,5€,| $3.00 | 56.80
BSA
Do. (old)...
I
Do (upw)...
$16
Ropes
$10
Ch: Agricultures.
MiscellaneonS
...
Corn Products Refining Co. A 15% recession in the tonnage volume of the company's 19329 domestic business was partially. offset by a 10% gain in the volume of foreign sales. Largely because
по
was equivalent to $35.06 and 82.77, overheads that were reckoned at vide insurance, on teims, for all respectively, on the preferred and about a third of those of her Euro-motorists, as long as it is not common shares. The financial posi-pean competitors. Mr. J. S. Has against the public interest that they tion at year-end was excellent.
kell, at the meeting of the Eastern should do so. Large numbers of Bank, showed how greatly the gold individuals use motor-cars or meter. outflow from India had assisted the yeles for the purpose of their Government to meet their commit-work, and, on public grounds the ments in this country. The favour able balance of trade fell to £3,500,000 last year, compared with average of $70,000,000 to £80,000,000 in former years, and was far short of the Government's ex-
THE EXCHANGE MARKET
MESSRS. ROZA BROS., REPORT
Messrs. Roza Bros., have seat us following exchange market report ter Saturday:
Silver prices were again higher yesterday to the extent of 3/16 for Ready and Forward, the quotations being 13 and 19.9/10 respectively, Advices received reported China as having operated bath ways. The tome was firm at the close.. In American the price dropped 2.7/8 cents to 33 Advices received re- ported the market as being weak; 9ieta. speculators having sold, $44
$27
Dairy Farma ...............
$17
Der A Wings..........................
3121
Amusemente ceega on
$12
Ch. E'tainments...
$121 $12
13
Constructions, (old)
34
,900ts.
Do. (LOW)
$4.55
$21
Lane Crawfords.. Mackinwebs
Nanyang Tobacco...
$16 Bincères ....
€15)
Watsons
13.30
Wm. Fowells mate
$10
M. Greyhounds......
331
S. C. Enterprises...]
885,60 United Theatres.......
BA B. Ind. G. Bends...
DITIE,
10
H.K. Govt, Loans...] $105 Wallace Harper
144
**
Chinn Sports Ltd
$220
H.K Wing On ......
g'bai.
Do
421
2.J
offices need not regret the accept- ance of many risks which, if the prospect of profit alone was to be considered, they would much rather be without...
KONG STOCK MARKET.
SATURDAY'S OFFICIAL
ternal requirements. The large shipments of gold, however, which HONG last year amounted to £55,000,000, had compensated for the setback in commercial exports. Since the movement started the total outflow exceeded £00,000,000, and so far as could be seen, Mr. Haskell said, these shipments were likely to con- tinue if not checked by an export duty or an undue rise in sterling exchanges.
1
INDIAN BANKER ON TAX
PROBLEMS
In presiding over the general New York wires reported the meeting of the Mercantile Bank of opening rate 3.00 and the closing India yesterday, in the absence rate 3.82 The market was erratic. through illness of Mr. J. M. Ryrie, With the exception of the Shang-the Chairman, Sir Thomas Catto, hai rate which was unchanged at the deputy chairman, announced 1074 and the Bangkok rate which that Mr. Ryrie bad sufficiently re- was put up to 142, other rates covered to have been able to col were lowered, but at 11.18 a.m. laborata in the preparation of the rates were again put up. Quota-address. One of the fow favour- tions were as follows:-
Market.
Gold Dollars.
able points on which Sir Thomas was able to dwell was the sound position of India's national finances firm-and the enviable basis of her credit.
But he offered criticism on the grounds that a balanced Budget had been attained by a surtax on all The market opened with sellers at taxation of 25 per cent, instead of 1/3.15/16 resulting in business at by a reduction in expenditure. The 1/4 for near followed by transac-speaker suggested that the im tions at 1/4 for June, 1/4 May provement in India's credit and and also for cash. Sellers then came out at 1/4.3/16 at which rate the resulting eaving in interest and. other economics. might enable the some business was done, also 1/4 Finance Member at no distant date for May delivery. The market closed with sellers at 1/41 April. to cancel the surtax, and that un- May and 1/45/16 June, buyers at less this became possible in the 1/16 higher respectively.
Bear future it might become neces sary to appoint another Retreach- ment Committee, such as that of Business was done early in the 1929-23 under the chairmanship of morning at t for near followed the late Lord Inchcape. Comment later by transactions at 254 for ing on the White Paper on Indian 6.00 pm-ncar, 2 cash gud 25 May. The Constitutional Reform, he pointed market closed with sellers at 25.7/16 out that the proposals indicated cash, 25 May and 254 June, buyers that much thought had been given at 26.9/10 for near, May and to the vital question of protection 23.15/16 June.
against commercial discrimination, Yen.
This, he added, was essential to Merchants were quoted at 100 for the banks and to all British institu near delivery,
tions working in India, although in the long run the good will of their
safeguard.
1920
$180
LOCAL, AND REGULAR OUTWARD MAILS,
Opened uncertain but later ed up following Shanghai.
Sterling.
WEEK DAYS,
FUB
FADA Q.P.0.
FBOX SHIONGWAN BRANCH P.O.
From d.g.o.
Canton !!
Hamthul and Wnchow (By)
direct steamer)
} 7.15 A, &] { 100 m. 16.00 p..
17,00p.m.
4.00
1.00 p.m.
(-7,15 nm, &J 7,80, a.m. ...1.16 p..
{1,80 p.m.
6.00 p
6.00 p 6.00 p.19.
SUNDAYS & HOLIDAY
FROM SUUNGWAN BRAKON *P,0.
$7.25am. & 7.00 am, &
17.00 pm (100 p
4.00 pm
9.00
(8.15 am, &) £8 10 mutta
1.15 p
Sundays Sundays 8.15 sm, 2.30 only
Lonly 8,00 p.m.
6.00 p
1.30 p
**
7,15 a.m.
11.00
"I
***
9.00 am,
11.00 (11.00 .
& 5.00
11.00 8.30
Pingahan, Bantin
Shatin,
Bhadaukok and Elisung.
100 pun
***
***
Saikung
4.30 pun
10.80 3.
10.30 am
Fantan Shekk & Taiping ?
100 F
faono & Tripshan
Zingmoon (except Saturdays) Kankong (#100pt Saturdays)
Fatahan and Wnohow (By
Train)
fai O
Cal Po
Chumebus
Cheungchow
814y+
+2
1.00 pm (9,00 ***8.000.
| 9,00 mm. &
8.00 p.m. *5,00
P.zn.
11.00p.m. &
12.30 p.m. 8,80 a.zzi,
7,00 mp.
Shanghai Dollars.
near delivery:
Shanghai.
Early advices indicated sollers at 1/2.11/16, buyers at 1/2,13/18. Later the market firmed up and to- wards the close business was report od at 1/3 for 'May delivery.
PRINCIPLES OF MOTOR INSURANCE
Sir Stanley Machin made some points of considerable interest to users of the roads at the meeting of
QUOTATIONS
China Lights maintained their active demand throughout firmness of Saturday, and were in morning.
the
In the insurance section, Can- ton and Hong Kong Fires are again coming into favour, despite the recent rise in sterling exchan ge.
The rest of the list remains more or less unaltered.
Sales,
Hong Kong Lands 875 Ewo Cottons, Shanghai 815 China Lights (Old) $12.10 Electrios $72 Telephone 827.10/27 Watsons 88
Виуета. Canton Insurances $1360 H. K. Fire Insurances $1240 Douglases 8321
Benguet Consolidated $242 Benguet Explorations 35 cents. H. K. and K. Wharves 8131 Hotels 86,08
Hong Kong Lands $74)
$13
president liners
sail 1,591,000 milles.
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
via Panama Fortnightly anilings on Wednesdays: Pres, Coolidge ...........Apr. 26, 1. Pros. Lincoln «*****
May 10 Fres, Hoover. May 24 Free. Wilson Pree, Coolidge
To Seattle and Victoria
Fortnightly sailings on Saturdays Près, Olaveland ........
Pics Jefferson..... Pros. Clevoland ...... Pres. Taft + **
++
.May 8 May 20 ......June 3 ...June 24 ...July 8
.................. June 7 ***. June 21 ROUND TRIP FARES TO EUROPE & AMERICA, Special through rates to Europe via United States. Direct conncations with all Atlantas lines. Choice of rail 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 vis Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Genoa, Marseilles, New York and Boston..
@am.
Pree, Van Buren..........Apr. 23 Pres Garfield. May
Free. Polk....
Pres. Adams
8 m. May 27 .......Jane 10
TO MANILA
Next Sailing ......Pres. Van Børen April 29, 8 a.m.
Pres. Cleveland....
Apr. 29 Pres. Lincoln
May 2 Pres. Garfield...............May 13. Pres, Taft
May 13
Pres. Hoover Hom
Pres. Polk...May 27 May 18- Prs. Jefferson..-27 Pres. Wilson
Connecting with 9.8. MAYON. CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
FEDDER 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) -
G$120.
For Freight and Passage, etc. please Apply to: THE EAST ASIATIC CO., LTD. THE CHINESE AMERICAN
SHIPPING COMPANY
Agents ||JOHNMANNERS & CO.LTD.
Agent i HONG SLING
Office: MERCANTILE BANK BUILDING (TOP FLOOR), 7, QUEEN'S RD., UENTRAL, TELEPHONE: 24071.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KÒNG.) Tel. 28380 Gloucester Building, Room spa..
[RKUTEE'S "AMERICAN SERVICE]
Low: Apr. 21
New York: April 22.
Dow Jones Averages: High-1932
30 Industrials
88.78
41.22 .69.78
20 Raila
41.30
-13.22 29.61
20. Utilities
36.11 83.26
16.53 29.64
40 Bonds
65.78 74.10
Apr. 22 Change
72.24 2.40 up 30.66 1.18 up
23.17 .53 up 74,35 35 up.
Sala Lands, Limited, has received the following report from their New York correspondenta, E. A. Pierce & Co. We think that the general trend next week will be higher, with probably rails and indaugials showing to the best advantage. The action of rails today appeared more sincere than yesterday a demonstration. Wheat rallied, aided eargely by the Winnipeg advance. Cotton ofened lower and closed strong on heavy buying. Silver advanced to the three cent limit on continued reports of rehabilitation plans, exchange and financial developments being the major factors: Business Done: 2,280,000 shares.
403
3.00 Air Reduction 6.00, Allied Chemical & Dye
LAST SALE Apt. 27 Apr. 28
1932 HIOX
Drv. 8
Loy PER. B.
Chinese Estates 805
84)
30%
802 804
China Lights (Old) 812.20
42
994
92
H. K. Electrics $72
294.00 American Cen
72
Macao Electrice $25
Lane, Crawfords $4.45
97
H. K. Govt Loans 6% Prem.
Sellers. Union Waterboats $15. Shanghai Explorations,
Shanghai 82.60.
1371
70
American Smelting..... -9.00 American Tel. & Tel......
93
942
101
3
44. ––5.00 American-Tobacco. “Bu Anaconda Copper Mining
101
1511.
284
2.00 Auburn
19
1.80 Borden Company
289
28€
Canadian Pacific
10
85
102
J. I. Cast
80%
211
5
1.00 Chrysler Motors
AMERICAN ORIENTAL FINANCE
CORPORATION
34
4.00 Consolidated Gas of NY.
943
57
3.00 Drugo, Inc.
9i2
2.00. Du Bont de Nemours........
40
3.00 Eastman Kodak
431
6%. Electria Band & Share
57
49
13
26
B
0:40 General Electric
40%
1992.00 General Foods
161
A complete brokerage service
244
101.
for New York Stooks is
84g
10
available at our local
108
68
„Agentų ---
24
Asia Lands Limited
Gloucester Building.
61
0.30 Pennsylvania Baily sy'
24
- Radio Corpn.
Daily Quotations sont-gratis ****pon request.
Bears Roebuck
19%
1.00 Standard Oil Co. of New
Jorspy
A COMPLETE SERVICE
(Preferred)
100 General Motors
Gillette Enfety
0.00 International Harvester
International Tel & Tol.
·4.00 Liggett & Myers' “B” 100 Loew's Inc.
Montgomery Ward
9.80 National Biscuit ...
16. 9.00 Pacific Gas & Electric
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