DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
SHAREBROKERS
FASSOCIATION
WEDNESDAY.
Mattre Baliers BAIDE
{XT DARYOLAN
Bayure
MAT 10.
17
$1,725
£123
E1st
224
$1,400
Banks
H.K. Banka
Do. (London) ... Chartered Banks ...
Mercantile Bks. "A"
Do.
Bank of East Asia...!
N. G. & 8. Backe
Am. O. Fiu:Corp:
16.40 Ch. Fin. Corp. Ord. 8.
75.00
Do. Prof. 9
$88,
020
17;
!11!!!!!⠀⠀
31,715
213)
£24
$98
HONG KONG DAILY PRESS, THURSDAY, MAY 11, 1933
MONEY AND MARKETS
HONG KONG STOCK
MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
"
A keen demand for Cements this morning pushed the rate up to $9.50 for cash, and at correspond. ing rates for forward delivery, re- sulting in a large turnover.
There was also a fair volume of trading in the general list.
Sales. Hong Kong Banks, $1,723. Hong Kong Lands, $75,
Instranood
Cauten Insurance.... 31,39
$9.35
Underwriters
THE
$520
Union Insurances...) 9530
$620
China Fires
$625
$250
H.K. Fires
$850
$5.95 International Asson, 8.
Khipping
Ewo Cottons, Sh.14.20,
*321
Dougisses .........
$34
Yaumari Ferrice, 8991.
392
Steamboats
322
Cements (Combined), $7.00.
$16
Ludos (pref.)
55/
120
Do. (det.
80/-
-47/6
Shella
Dairy Farms, 8271, Lane, Crawfords, $11.
Buyers.
$15
Waterboats
$201
Mining
$2+1
Benguel..........
1480 Vencracia Gold Fida. #3}
25/-
Kailans
25/
Langkats (single).
521
Explorations.......
$1.25
Shanghai Loans 8.
$3.25
$330
Rauba.......
13/6
Chinese Estates, $93.
Star Ferrier, $90.
318)
$10
18
R$
H4
$130
875
Tronoh Mines ------
35 cts. Benguet Explorations
$1,50
$133
Docks, Wharves,
Godowns, ete.
H.K. & K. Wharvos 2138) Providente (ald)
***
Do. (new).
H.K. & W. Docks.
S. Chica Motors*A'
Do.
"B
Shanghai Docks S.
New Engineeringa.
Hongkow-e8.
Lands, Motels, and
Buildings
13.00
H.K Lands...8. $743 $75 | $74)
$30 Shanghai Lands...8.
Metropolitan Landa..
$71 H.K. Keatles...! $7.40
$14,75 China Dó.......................8.
Humphreys
De.
"B'S.
$78
$90
$12.05
SURIE!!⠀⠀⠀⠀⠀
#820
$14
H.K. Hotels
$137
Do. Debentures3.
814
$140
Aria Realtion "A"S
$20
Chinese Estate....................
Oottom Milia
$14.00
Ewron
$95
Shai Cottop...................
$14
Zoong Sings
$85
Wing On Textiles{S.}
Public Utilities
$12
$8
$39)
(New).
Tramways ***SEMOLİ
Ponk Teams (old)...
Do
Star Ferrios Yanuuati Ferrics (old)
Do.
» (new) cam. rights...
China Light (old).....
Industrials
$5,9687,06 $7
iii.
1 REC88; 11.
7.131
$12.9)
$14
$100
$22
$8
$20
Bank of East Asia, $98. Canton Insurances, $1,400. Union Insurances, $530. H.K. Fire Insurances, $250, Benguet Consolidateds, 224). H.KK. Wharves, $130. Hotels. $7.
Hong Kong Lands, $75,
Chiun Lights (Old), $32.05.
H.K Electrics, $721. Telephones, 8281
Cements (Combined), $7.90. Cements 'Old), SĮ.
Cements (New), $1 30. · Watsons, 29.40. Constructions, (Old), #2.90, Govt.. Loans, 4%. Pretu.
Bellers.
Providents (Old), $4. Hong Kong Trams, $22. China Tights (New), $11). Jane, Crawfords. $4.70
THE EXCHANGE MARKET
MESSRS. ROZA BROS.. REPORT
LANE, CRAWFORD. LIMITED
$98,000 PROFIT LAST YEAR
At a meeting of the Board of Lane, Crawford, Ltd., on Tuesday,
THE DOLLAR Influence on World Cotton Trade
(Special Air-Mail Service)
LONDON, April .. Discussions on the Manchester the accounts for the year ended Royal Exchange yesterday suggest. February 28, 1933, had the attentioned that all the possible effects on of Directors.
the cotton trade of the United The balance at credit of Profit States' embargo on gold exporta and Loss Account, subject to audit, cannot easily be discerned, and that after adding the sum of $10,183.15effects can have much value until no opinion as to the probabla brought forward from last account, more is known about President is $117,171.00, and the Directors Roosevelt's currency plans. Mean 1 recommend that, after allowing for while, quotations of American and depreciation amounting to 850,862.- other cotton futures at Liverpool, 15, the balance be disposed of me and quotations at Alexandria and follows:-
Bombay still show little change as compared with Tuesday. Wednes day's movements at Liverpool sug- gested an inclination to discount a heavier fall "in the dollar than actually took place during that day's session, and later events justi. fied this view of the probabilities. There has been a tendency to keep dealings in futures within, narrow mits as a result of the fluctuationg in the exchange rate, and these Auctuations, coupled with the firm- ness of basis in the United States, have made it difficult to arrange business in American cotton" for shipment to this country. Though cotton prices at Liverpool have re- mained steady, uncertainty as to the future trend has made yarn and cloth buyers unwilling to operate, while the difficulties of the Man chester market have been increased because of the dependence on the dollar of many of the South Ameri cin
currencies, and because of doubts as to how far the rise in silver is likely to be maintained.
To place to General Re-
serve, thereby bring ing the total Reserve up to $250,000....... To place to Reserve for
Bad and Debts
Doubtful
To carry forward the
balance
$50,000.00
5,000.00
11,288.85
LL.D. CERTIFICATES
11.D. Certificates of the Societe Internationale de Placements, Basle (Switzerland), Local Agents Masars, A. Glocke Co., were officially quoted in Baele, on May 9, exclud ing dividends accrued, at £2.16.0d.
lowered.
Market, Uncertain, quiet.
Sterling.
Business was done shortly after the opening at 1/4.17/39 for near delivery followed later by a small business at 1/4-9/16 second half May. The market closed with sellers
Will America Benefit? ̧ The outlook is obscure." Will the devaluation of the dollar make the United States another formidable competitor in the world's markets for cotton goods? Will Japan's at 14 May, 1/417/32 June and competitive. position be affected by probably 1/4.9/16 July, buyers at the addition of the United States. 1/4.9/16 May-June and 1/4.19/32 to the list of countries which ex- port raw cotton on the basis of a July. Gold Dollars,
14
..
AMERICA "SUEZ
STRAITS -VINNA
TO CALIFORNIA
TO NEW YORK 1997
TO SEATTLE,A
The President INTERFORT Liners INTERPORT
13
19.1.
ORIA
Weekly Sailings Transpacific
REDUCED ROUND TRIP FARES
On Sale from
to
JUNE 1st JULY 31st
With Return Limit to
September 30th
First Class
Special Class
G$ 360
G# 196
G$ 432
G$ 240
G$ 432
G8 240
08.432
G$ 240
G8 450
G$ 240.
G$ 450
G8.246
Hong Kong to Honolulu and Return Victoria and Return Vancouver and Return Seattle and Return... Ban Francisco and Return Los Angeles and Return...
Apply for further particulars.^
DOLLAR STEAMSHIP LINES
AMERICAN MAIL LINE
PEDDER BUILDING HONGKONG,
CANTON BRANCH, SHAKER ROAD.
LONDON STOCK EXCHANGE
[CRITISH WIRESS SERVICE Į
Paris New York Montreal Brussels Geneva
Rugby, May 9.-
B3 13/16
3.952
4.50)
24.24
17,49
Amsterdam Milan
8.30
83.15/16
Ex-
Berlia
14.30)
Stookholm Oslo Copenhagen Vienna Prague Helsingfors Madrid Lisbon Athena
10.30
19.60 22.43 31 Rom.
113
2-263
Messrs. Roza Bros. have forward. $14.50ed us the following exchange mar-
depreciated currency? These are ket report for yesterday:
filver prices were substantially Business was done during the two of the questions to which trad lower yesterday to the extent of course of the morning at 37 for ers are trying to find some sort of 9/18 for Ready and for Forward. | cash. The market closed with sell. an answer, and they are perhaps The drop was attributed to the Con-ers at 27.1/16 May, 27.3/16 June and even more important than the ques- tinent having sold. America, China 27.5/18 July, buyers probably at tion as to the net effect on Liver and speculators bought at the de- 27 for cash, June and 7.7/16 pool cotton prices of the develop-i
ments in the United States. cline. The tone at the close was | July..
change dumping duties, as well as steady.
Yep. In America the rate was tower at 334 for Spot.
Merchants were quoted at 1113" for tariffs, quotas, and restrictions on rendittances, will no doubt affect New York advices reported the Dear delivery.
the United States as much as other opening rate at 391 and the clos
Shanghai Dollars, ing rate at 3.93. The market was Were quoted at 1001 for near countries which are trying to in- crease their exports, and one result erratic
delivery.
of the gold export embargo ́may be to make the United States more anxious to see a reduction of trade at barriers throughout the world. Japan's gains and losses from the developments in the Tpited States will depend partly on the course of yen prices for American cotton and on the extent to which exchange for outstanding contracts for American cotton has already been covered; the losses might be cou- siderable if the devaluation of the dollar became the signal for an ex- tension of exchange dumping duties. in other countries
Do. (new)...
HK. Electrica ................
173
193
Macão do.
$104,
Sandakan Lights .......
$231
Telephones....
$14
China Buses......S.
Tractionsrkbarovuar
71
Do. (prof.)
816
Malabon Sugars
380
Caldbeck, Kord.) 8.
$18
Macgregora f(pref.)S.
$6
Canton Icas..........
$7 Ba
$79)
Da
(old)...
Do,
19
Ropes
101 $1.30
$2.00
$9.40
$4.70
144
$271
$1
#131
$12.
.90 sta.
$21
Cements (comb.)... $9
(DSW)...
Ch".Agricultures ́ ...
Miscellanson
Dairy Farma..............
Der A Winga.....................
Amusementa
$
Ch. Etainments.......... Constructions, (old) $2.65
Do. (new)
Lane Crawfords......
Mackintosha
Nanyang Tobacco......
Biacoroe AATCCATEY
Watsonse] $9]
SIBL
育
Wm. Powells....
Stu
M. Greyhounds....
131
B. C. Enterprises.
***
H
United Thesizes .....8.
68,
B. Ind. G$ Bonds..... ##
prem
19.
$900
H.K. Wing On
S'bai
HK. Gort. Loans... $105
Wallace Harper
China Sports Ltd...
Do
#icte
$4.80
THE
$27
$6
$12!
મ
ཨུ21:|:ཀྱངྦྲྀ ཏིཿ 11:ཡི
$2
Asia Lands Limited
Gloucester Building
Tel: 28380.
We offer you a complete sale
service for the purchase or sale
New York Securities
Daily quotations sent--gratis-upon request. See our investment news on the Financial Page of
The Hongkong Daily Press
Canton Agents
John H. Ferguson & Co.
32, B. C. Shameen.
Tel: 18624.
With the exception of the Shang- hai Dollar rate which was put up to 108 and the Bangkok rate which was put up to 1384, other rates were
Shanghai, Steady-Bellers were indicated at 1/3 for near, bayers probably 1/3.1/16 May,
NEW YORK STOCK EXCHANGE :
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28380-Gloucester Building, Room - 306.
(REUTER'S AMERICAN MELVICE]·
Now York: May 9. Dow Jones Averages:
30 Industrials
20 Rails
20 Utilities
40. Bonds
Higli- 1932
89.78.
Low: May: 8 May, 0
41:22 76.63
77.23
41.30
13.23 33.67...
34.24
30.11
83.26
Change .60 up .27. up 16.63 25.65 23.75 10 up 65.78 78.65 78.86 21 up
Azia Landa, Limited, has received the_following report from their New York correspondents, E. A. Pierce & Co. The market confirmed yestar- day's impression specifically that there is no great amount of liquida tion taking place. Individual stocks have been tested and we think they have shown a relatively strong position. We would buy again on another day's firmness, Wheat: Lower cables, weakness in Winnipeg and increased Kansas estimates caused the price to decline. Cotton: Lower sterling quotations induced considerable selling from domestic and foreign sources but the market was well supported, Silver Com- mission House Liquidation was heavy. Banks are also selling. The immediate trend would seem to follow inversely the action of the Dollar and Foreign Exchange until the pending constructive measures become effective: Business Done: 2,240,000 shares.
3.00 Air Reduction
The Gold Embargo."
It is important to notice that the gold export embargo and the belief that inflation will be resorted to have not been the only causes of the advance in cotton pricea in the United States. In his usual weekly cabled report from New York to the Manchester Guardian. Commercial, Mr. G. W. Fooshe refers to "a de- sire on the part of speculators and investors to convert cash into major commodities, including cotton." He adds, however, that buying has also been stimulated by the larger de mand for actual cotton and for oot ton goods, the delay in the start of the new crop, the improvement in general business, and the belief that the Washington Conference will put international trade on a mora satisfactory basis"
EXCHANGE
CLOSING QUOTATIONS
ON LONDON:-
May 10, 1933.
Telegraphic Transfer... .Bank Bills, on demand Bank Bill, 4 months'
sight
Credita, 4 months
1/3
Bank “Bille, on demand 24g nom
Cretlits, 60 days' sight, nom
Bank Bills, on demand 175 Credits, 4 months' sight (15 "ON INDIA:
1932
Div. #
HIGB
Low PIR SH
64)
LAST SALE May, 8 May, 9 $672 $68
8.00 Allied Chemical & Dyo „
974
80
73%
292 4.00 American Cen
79
78
27
Amarican Smelting..
972
រង្គ
#70
9.00 American Tel & To
00
1001
44
5.00 American Tobacco
TH
801
Anaconda Copper Mining
21
+10%
28
2.00 Auburn
43
444
18
1.60 Borden. Company
921
314
202
71
Canadian Pacific
713]
101
J. I. Cast...
57
D
1.00 Chrysler Motors...
31
3.40 Consolidated Gas of N.Y.
30%
Light
23 3.00. Druga, Ine,
,57
451
ON NEW YORK-
22
2.00 Du Pont de Nemours
M
351
3.00 Eastman Kodak "...
68
68
.8%
Electric Bond & Share
17
17
ON PARTS:-
0.40 General Electric
· 19
2.00 General Foods
401
318
7
1.00 General Motors
131
0.80. International Harvester
31
7.00 »
(Preferre
100 bid Toolbid
ON SHANGHAI:--
111 11
On Demand
}
4.00 Liggett & Myers "B"
50
ON KOBE!!
той
1.00 Loew's Inc.
JO
277
104
"On demand 4.
*** ICO}
464
Montgomery Ward ....... 2.80 National Biscuit...... 8.00 Pacific Gas & Electris
204
ON MANILA
211
On demand
481 48
231
ON SINGAPORE S
214
On demand ON HATAVIA →→
231
On demand
231
ON SAIGON;—
On demand
23
0.40 Bocony-Vacuum Corpn.
1:20 Union Carbido & Carbon ... 6.00 Union Pacific
01 睡
ON BANGKOK-
On demand
321
23
781
·Tok
United States Steel
* 461
Westinghouse E. & M........
343 341
39%+2=-==~6-N2-4222gason Sponge 26.2.
TTR #689518668:36÷÷*****CRAORRARE CX13
1. Gillette Safety
International Tel. & Tel.
Bears Roebuck-in'
0.50 Pennsylvania Railway
Radio Corpa.
1.00 Standard Oil Co. of New
Jersey
Telegraphic Transfer... Bank, on demand
Rate
SOVEREIGNS, Bank Buying
BAR SILVER, per of ...........
b) nem
678
(67) nom
128)
Bucharest Belgrade
Rio........ Buenos Aires Montevideo Bombay... Shanghai Hong Kong Yokohama ....
Silver Spot
30 7/16
110
5871
570
950
41 nom:
42 O.R.
34) com. 1/8 5/64 Nil
1/49: 1/27
10 5/10 197
Silver (Forward) War Loan 31%........ 100 South African £90-100%
£100 Sterling.
per
JAPAN TO REGAIN CHINA
·MARKET?
FEAR OF INDIAN BOYCOTT.
CONSIGNEE NOTICES.
CONSIGNEES' NOTICE. THE BEN LINE STEAMERS. LIMITED.
FROM LEITH, MIDDLESBRO"; ANTWERP, LONDON AND STRAITS:
The Steamship "BENWY VIS.”
CONSIGNEES of Cargo are hereby
informed that all Goods are being landed at their risk into the kasardous and/or extra basardons Godowns of the Hong Kong and Kowloon, Wharf and Godown Co., Ltd., whence and/or fraz the wharves Dalivary may be obtained.
No Claims will be admitted after the Goods have left the Godowns, and Goda remasining undelivered after the 16th May will be subject to Rent.
All Ofsima against the Steamer musk be presented to the Undersigned on or before the 90th May, or, they will unt be recognized.ja
All broken, chafed and damaged Goode are to be left in the Godowns, where they will be examined on the 15th May at 10 am, by. Meas. Goddard & Douglas
To comply with the General Bonded. Wehonse Regulations, consignees roast. Fave a Revenue Officer in attendance when damaged datable good de examined
No Fire Insurance has been affected. Bills of Lading will be countersigned 00
"GIBB, LIVINGSTON & Co., LTD.,
Agents. ong Kong 9th May, 1993.
[500
NOTICE TO CONSIGNEES.
OCEAN STEAM SHIP CO, LTD..
AND
CHINA MUTUAL STEAM NAVIGATION CO., LTD.
ONSIGNEES per. Co's Vesrol PD" BULAPUS
In an interview with Press TE- presentatives on his recent visit to Kobe, Mr. Ariyoshi, the Japanese Minister to China, said that condi- tions in China forbid the opening. of direct negotiations between PROX UNITED KINGDOM
TIA SINGAPORE Japan and China at the presenti moment. There is no alternative are hereby notified than their Cargo for Japan, but to watch develop will be discharged into Holi
Wharf, Kowloon, where it will be as ment,
Congress risk and subject to Terms Asked what will become of Chine,and, Conditions at Slonge et Holw the Minister pleaded inability to Wharf The Carro will be ready fox reply. China split into sakay Delvary from Goldwa; on and after rival camps, such as the Canton Bob-May.
Optional Cargo will not be landed here faction, the Commmist forces, the
unless Natine has been given prior to old North-Eastern clique, and many Stoomer's rival, but, carried on from groups led by military men of motley port to port to the final port of call to complexion. The task of General which the option extends.
Chiang Kai Shek is in such circum- Atances, very acting. it is most desirable that the condi- they will be examined on any Tuesdays. and Fridays between the hours of tions in China should quickly, for 10.45 AM, And Noor within the Free. the threatened boycott of Japanese Storage period. Para goods by India makes Japan'a 're- No Claims will be admitted after thei covery of the Chinose market very Goods have left the Stasmer's Godown, urgent. Mr. Ariyoshi said that he and all Goods remaining undelivered will do bis best to correct China's after the 16th May, will be subject, present attitude towards Manchu to Bent
Ail broken, ohafed and damaged Goods Anyhow, are to be left in the Godowne, Where,
kuo.
JAPANESE BUSINESS IN
1932.
-All Olsima against the Steamer must be presented to the Undersigned on or
· below the 29th May, 1933 or they will not be recognised. :",
"No Virs Insurancs will be effected: BUTTERFIELD & SWIB),
Figures showing the profits of 8th May, 1938. 1,250 Japanese business concerns which report semi-annually have been compiled for the latter half of, 1039 by the Mitsui Gomei Ksieba.
799
They show that 1,007 institutions 18,000,000 yen, so that the net profit. had profits and, that only 171-ind
the companies combin
capitalisation
losses. The prafta totalled $70,600,000 yen, or 7.1 per cen 288,800,000 yen and the losses only total & paid. (Continued at font bf hest Column) 7,574,000,000 yen.
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