1933-05-17 — Page 13

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE.

Buser Beitere Balon

SHAREBROKERS:

TASSOCIATION.

TUESDAY. MAY 16.

Baluwalh

Banke

$1,726 H.K. Banka .........

£121}}

Do. (London) ...

£13

Chartered Banks ....

E24

£9

***

5.00

s

Marcantilo Bks. "A"

Do.

Bank of East Asia...

N, O. & S. Banks

Am. O. Fin.Corp:

$5.40 Ch. Fin. Corp. Ord. 3.

Do.

Pref. 8

$1,460 Canton Insurances..

Underwriters

Union Insurances ...

$820 China Fires

H.K. Fires............

84.76 International Assce. S.

$33) Douglase

32.35

86271

$250.

$261

39.30

$3.90

37.10

$22

***

175

UNIRI!

$1,720

£13) 294

$98

HONG KONG DAILY PRESS, WEDNESDAY, MAY 17, 1933

MONEY

BRITISH TRADERS' INSURANCE CO., LTD.

· DIVIDEND 9S. PER SHARE

The Directors in their 'report for the year 1932 state that the Balance Sheet and Accounts this year have been prepared in a new form which necessitated A number of $1,400 changes in the manner in which Reserves and Unappropriated Pro- sts are shown.

630

画

$825

$250

shipping

$34

Steamboats

192

$ 0

Indos (pref.)

144

$26

520

Do. (det.)

444

Shells.......

46/-

$15

Waterboata

Mining

Bengtots

$251

THE

4 20

Venezuela Gold Fids

#31

中国中

£8/3

Kailans

811

Langkata (single) 8.

$12

Explorations.......

Shanghai Lesus

Raabsaadre Tronoh Mines ******

33 ots. Benguet Explorations

Docks, WhaITAS,

$130

$1.40

$10

38

Godowna, eta, H.K. & K. Wharves, Providente (old) ...

Da. (10)

H.K.&W. Docks

S. China Motors* A '

Do.

$199 Shanghai Decks S New Engineerings. Hongkow .................... Lands, Hotels, and Buildings

#320

H.K. Hotelaını H.K Land...

33 Shanghai Lands...8. Metropolitan Lands....

HE, Realties.........

Humphreys

Asia Realties "A" S.

Do.

Chinese Estates......

"B.

920

$10

30% 13/0

***

*34

+131 $4.00

$18 18...

$8

+

314

Chins Do...................

$137

Do. Debentures3.

3131

$140

20

$96

Cotton Mills

$13.76

Ewas

$13.05

*95

S'hai Cottons......$.

$14

Zoong Sings

***

885

Wing On Textiles(8.)

***

$11 68

|212/70)

$19.40)

$11.40 $721

$28

:

$1.50

$8

$91-

+

$01

$12.45

$11.400

$294

Pubilo Utilities

Tramways

ри

Peak Trams (old)

Do. (new)...

Star Furrice Yaumati Ferries (old)]

Do. (now, cum. rights...

China Lighta (old).....]

Do

**

(new)... 11

H.K. Electrica, ..............

do.

Telephones...

$7.20 37.20)

**

1,134 TE

Ugn:

$131

>76

$14 $100

**

$21.85

$16

18

$30

12.10/18

373

BEST

***

193

Macao

ગામ

Sandakan Lights ...

8:13

China Buses...... 8.

1.

Tractions

7}-

Do. (pref.)..

Industrials

$15

Malabon Sugarą

$15

320

Caldbeck, Yord.) 9.

$16

Macgregors (pref.)B.

$6

Canton Ices

$6

$8.10 36+ $1.40

8/2.10

8.30

(old)...

£3

ter

111

+4

19

+44

$271

#1

319

$12

90 ota.

4440

Do.

Ropes

COM

Cements (comb.)... 89.10

Do. (new)...

Ch Agricultures MiscellaneosA

Dairy Farras sanitiz Der A Wing.azonian: Amusements' ............. . Ch. Etainments.......... Constructions, (old)

Do. Lane Crawfords... Mackintoshs..... Nanyang Tobacco...

(now)

$27

***

***

$121 $12

12

***

.80 sta

$15

名

$21

BIBL

Sincarse

#9.40.

Watsons

$9)

$2.10

Wm. Powells ..................

$10

M. Greyhounds .............

$31

8. C. Enterprises ...

United Tuentros.....8.

· 70%

B. Ind G. Bonds... 7

217, prem. 2/91

HE. Gort, Logne .......

$102

$9

Wallace Harper

China Sports Ltd...

N

$800

H.K. Wing On.........

S'ha Do

$200 $15)

LOUAI, AND REGULAB OUTWARD MAILS,

Canton

WEEK DATE.

SUNDATS & HOLIDATO

From G.P.O.

TAOK BEBURGWAY BRÁTCH P.O.

Frox |SHIUKOWAN

BRAXON P.0,} /

(7.35 x 15.00 pm.

1.00 pà (8.15 am, &180

FOR

From Q.P,O.

7.15.& ('7:00 sim.. **6.00 1.00

7.00 pa

•

Samani and Wnchow (By?

direct stormer)

4.00 p.m.

4.00 p

Maoso & Tanaban

Xongmoon (except Baturdays) Sankong (except Ɛsfordays) Fatahan and Wuchow (By

1.7.15-17.30 a (1.15 Jun

11,80 p.m. 6.00 p.m.

6.00 p.m. 6,00 p

7.15 m.)

Train) fai O

1.00 pm

Tai Po

frauchau

Cheungchon

(9,00a.m.&

{8,00 p

9,00 m &

18.00 p.m.

1.00 pm & 16.00 p

1.18 pan.

Bundays

8,18 m. only 5.00 pm

7.10 2.

11.00 a.01.

9.00

L

11.00

(11,00

& 6,00 pa

dberdeen Stanley

12.30 p. BRO

& trian

Pingshan, Santin

11.00 8.30

10,30 6.3.

Bbatankok

18,00 p.m.

·4.20 p.m.

20.50 +

17.00 am, 17.00 p

0,00 am..

1.30 pe Sundays

8.30

only

6.00 p

1,00 pr.

has

Marine.

AND MARKETS

ASIA LANDS LIMITED INVESTMENT NEWS

CONSOLIDATION PLAN AND

RAILROAD BONDS

ol the

HONG KONG STOCK MARKET

YESTERDAY'S OFFICIAL

QUOTATIONS

Partly due to the lower sterling exchange, both Banks and Unions became firmer this afternoon, being bid up to $1,730 and $507), respec tively.

New York-Striking and unpr. cedented, developments affecting the railroad industry are reported to be in the formative stage. There is now good reason to believe that the

On the other hand, the aller adiniustration will develop a plan issues were, somewhat easier in the advocating consolidation

coures of the day, Hotels, Lighta nation's carriers into approximate and Cements being offered at a ly seven regional systems. Such a slightly lower leval than the open- The 1931 Account has been closed Frogramme in itself would probablying rates of this morning. and the profit of £18,259 68. d. result in considerable reduction in But it seems competitive waste, carried to Profit and Loss Account. likely that the plan, if adopted will The nett premiums of the year' go considerably farther and open 1933 amounted to £. 187,586 18. 3d. the way to farger oconomies. The and claims and expenses to £103,401 | proposal is in line with the recon- -58, 11d. The Balance carried for, mendation contained in the recent ward, including the additional 're-eport of the National Transporta- serve, amounts to £134,184 128, 4d... tion Committee suggesting that the woads be merged into regional sys- tumb

looking eventually to a single national system with elimina- tion of all excess and obsolete lines and equipment."

Fire. The nett premiums amounted to £130.004 2. 10d. and the losses to £71,923 24. 103. After taking into necount Commission, Expenses of Management, and Fire Brigade fees and adjusting the reserve for unexpired risks there is a credit balance of £1,002 12x, od, which has been carried to Profit and Loss Ac

count.

The Fund, including the tional reserve, now amounts £72,00113s. 2d.

A natural increase in trafo is very likely to make the problem of restoring adequate earnings entier. According to present estimates, car loadings for the second quarter of the year promise to make the best showing relatively since 1929 and it is also predicted that by June of addi-1923 loadings may exceed corres-

to ponding totala of 1902:

Accident and General. The nett premiums amounted to £40,624 11a. 8d. and the claims to £21,008 108. 28. After taking into account Commission and Expenses of Management the profit of £4,779 12s. 6d. has been carried to Profit and Loss Account

The Fund at the end of the year, including the additional reserve, amounts to £28,649 10 7d.

Dividend

Standard Statistics Co., Inc., now believes the outlook warrants a more constræetive investment atti- lude toward certain classes of rail cbligations and commitments are suggested in those issues offering reasonable prospects of rehabilita tion.

Approxi-

Issue, Afelison. Topeka & Santa Fe Ry. Adj. 4s of 93

In the mining section, Benguet consolidated made a further spurt, and closed at $27 buyers, Rauts also were a firm market at $9j.

Bales.

Hongkong Banks, 81,725/1,732). Hongkong Lands, $75. Hongkong Trams, $914. China Lights (Old), 812.45. China Lights (New), $11.40. Cementa (Combined), 88, 88.10. Dairy Farms, $274. Govi, Loans. 4 prem.

Buyers. Hongkong Banks, $1,730.. Bank of East Asia, 2054, Union Insurabces, $37. H.K. Fires Insurances, $250. Benguet Consolidateds, $27. Raubs, 801,

Providenta (Old). $3.90. H.K. Hotels, 87.10 HE. Realties, $71. Chinese Estates. $95, Ewo Cottons, Sh. $13, Hongkong Tima. $21. China Lights (Old), $19.4. China Lights (New), $11.40 H.K. Electrics, 872). “ Telephones. BOR

Cements (Combined), 88.10. Cements (Old), 18). Cements (New), $1.40, mate Current

Dairy Farms, $271. Price. Yield.Constructions (Old), #21,

1. Govt, Loans, 21% prem.

Bellars.

70

5.0

Atlantic Coast Line

3

Lou, & Nash. Coll 45 of 52...

33

7.5

Haltimore & Ohio lat 48 of 48 ............

77

5.2

The Directors recommend Dividend of nine shillings per share, payable on the 28th May, 1933.

Contributory Bonus..

The Directors recommend a Bonus of 20 per cent, to Contributors of Contributory Premium, payable on the 20th May, 1933.

Profit and Loss Account, The amount at the credit of the Profit and Loss Account after pro viding for the Dividend an Contri- butory Bonus for the year 982.

amounts to £130,510 38, 10d.

Directors.

Since the Inst General Meeting | Mr. J. A Plummer, Mr. L. J. Davies, Mr. J. P. Warren and Mr.

W. H. Bell resigned from the Board anal Mr. K. S. Morrison, Hon. Mr. C. G. 8. Mnckie, Mr. S. H. Dod well and Mr. C. Blaker have joined the Board. In accordance with the Articles of Association Mr. J. Owen

Hughes and Mr. T. A. Mitchell retire but offer themselves for re- élection.

CHINA FIRE INSUR- "ANCE CO., LTD.

DIVIDEND $12: BONUS $6.

The Directors in their report for the year 1932 state that the Balance Sheet and Accounts have been pre-

pured in a new form which has necessitated a number of changes in the manner in which feserves and Unappropriated Profits ure' shown.

B. &. South-western

Div. et Ext. 5s of

50

Bostea & Maine. RR

$ 8

8.0

Mtge. "AC" 5 of 67 50 Canadian Pae, Coll

8.4

8.9

91

5.5

Trust dis of 80 35 Chesapeake & Ohio Ry. Ref. &" Imp. "B" 4/95 Louisville & Nashville RR 1st & Nef. "P": EB of 2003 Missouri Kansas-Texas RR Pr. Lien "A" Be of an 00 NY. Central Ref

Imp. "A" 48 of 2012 (now)

N.Y.. Central Cons

"A" 48 of 88 Northern Pac. Rv.

Pennsylvania BR De-

of 18 im

1933.

71

7.0

3.3

Contributory Bonus, The Directors recommend a Bonus of 20 per cent to Contributors of Contributory Premium, payable on the 26th May, 1933.

FI.K. Steamhasta, $22. Providents (Old), $4, Hongkong Trams $21. HK. Electrics, 873.

THE EXCHANGE

MARKET

MESSRS. "ROZA BROS., REPORT

Messrs. Roza Bros. have for warded us the following exchange market report for yesterday:

Silver prices were again low et yesterday to the extent of for Ready and 5/10 for Forward, the quotations being 18 and 18 3/16 respectively. Advice received at tributed the drop to America and China having sold, Specilators bought at the decline. The tone at In the close was still weakish, America the rate was substantially lower ut 32 for Spot.

New York advices reported the opening rate at 3.95 and the closing rate at 7,934

Opened easy but subsequently weakened owing to a good demand.. Towards 1 pm, the market reacted slightly following Shanghai.

Sterling,

IDENT LINERS

sail 1,591,000 miles every year.......

Weekly Sailings Transpacific

To San Francisco, Los Angeles & New York

via Panama Fortnightly sailings on Wednesdays' Pres. Hoover min3lay. 24, 1 km. Pres. Wilson

June 7 Pros, Coolidge Pres. Jackson

30ne 31.

July 6

To Seattle and

Victoria

“Fortnightly sailings on Saturdays Pret. Taft ............ May 20, 1 a.in Jans 3 Pres. Jefferson....

......June 24 Pres. Cleveland Pros. Talk

...July 8 Fres, Jafforsone sianJuly 22

ROUND TRIP FARES TO EUROPE & AMERICA.

Direct"

Special through rates to Europe via United States. connections with all Atlantae lines. Choics of rail lines across United States and Canada. liberal atop-over privileges for Sight-seeing. Full particulars upon application,

Fortnightly viu Suez to Europe & America

Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay. Boes Canal, Alexandria, Naples. Ganon, Marseilles, Now York and Boston.

Pres. Folk...... Pres: Adams

8am. May 27.

Free. Barrison

June 10.

Pres. Bayes...

TO

Next Salling...

MANILA

8 tha

June 24

July &

Pres. Hoover May 16, 6 p.m.

Pres. Polk REAKSINSTIT

May $7 Pris Jefferson.May 27 Pres. Wilson May 30, Pres. Adeusimam June 10

Pres, Coolidge

! Pres. Cleveland..... Pres. Harrison ... Pres. Jackson

June 13

June 17

Juno 24.

June 27

Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

FEDDER BUILDING - HONGKONG,

CANTON BEANCH:-4, SHAXES · ROAD.

NEW YORK STOCK EXCHANGE

ASIA LANDS, LTD., QUOTATIONS

(INCORPORATED IN HONG KONG.).

Tel: 28380-Gloucester Building, Room 308.

[NKUTER'E AMERICAN BILYJCK]

Now York: May 15,

Dow Jones Averages:

High-1932

30 Industrials

88.78

Low: May 13, ..41.22 80.85

May 15. Change,

70.70 1.16 down!

41.30

36.39 40 down

20 Utilities

40 Bonds

36.11 83.26

$7.70 - 20 down:

20 Rails

13.23 36.88 18.58. 27.00 83.788.00 80.99 or down,

Aria Lands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. The market today has been given over almost entirely to low-priced issues. Leaders are lagging. and we may have here a short period of indeterminate movements bat, so far, no increase in volume on the "down" side. It is thought that there has been a good bit of destribution during the past-two weeks. Wheat: There has been long liquidation and scattered buying. The weather is favourable. The disposition is one of waiting for farther developments. Cotton: Lower cables and disturbed European political conditions induced considerable long liquidation. Trade and specula tive baying steadied the market later. Silver: Commission houses liquidated. Brokers, usually acting in European interest took offer- ings on the way'down. The market seems to need constructive news. Business Done: 3,150,000 shares.

3.1932

37

..

12.1

60

4.4

Gen. Tien 39 of 2047 50

henture 4 of 70 00 Southern Pac

7.5

..Co.

Central Pac. Coll

-43

8.8

With the exception of the Shang- bai rate which was put up to 110 and the Bangkok rate which was put up to 1394, other rates were down but at 13,45 am. Tubes were again lowered. Quotations were as follows:--

HIGH

Low

Erv. 8 PER SH.

LAST SALE

May 13. May 18.

06h

30%

3.00 Air Reduction

$72

3702

911

42

0.00 Allied Chemical & Dye mak

941

4.00 American Can

911

BO

Market.

30 137

--- American Smelting..

27

27

70)

9.00 American Tel. "&Tel, l

105

104

89

5.00 American Tobacco "

san

791

Anaconda Copper Mining

121

12

1517

284

2.00 Auburner

61

18

1.60 Borden Company

347

231 x d

-Canadian Pacitó

q

13

-327.

161

J. L. Castonun qu

5

1.00: Chrysler Motors......

191

314

4.00 Consolidated Gas of N.Y.

321

23

3.00 Drugs, Inc.

48

22

2.00 Du Pont de Nemours

35

3.00 Eastman Kodak

701

↓

B

6%s. Electric Bond & Share

28

8

0.40 General Electric

194

19A

401

198

2.00 General Foods

1,00-- General Motors

10

Gillette Safety.

10

0.80 International Harve

108

6827.00

AD

344

221

Directors.

Profit and Loss Account. ⠀⠀

Business was done shortly after The amount at the credit of the the opening at 119/32 for near de Profit and Loss Account after pro-livery followed by transactions at riding for the Dividend and Con- 1/4 for May June and August, 1/4 tributory Bonus for the year 1932, 3/18 July, 1/4 6/32 May. Buyers than receded to 1/41, seller offer. amounts to $1,128,835.33.

ing 1/4 3/32 for near delivery.⠀ Since the last General Meeting After the seond drop the market Marine..

Mr. J. A. Plummer, Mr. L. J. teacted rightly, and business was The 1931 Account has been closed Davies, Mr. J. P. Warren and Mr. done at 1/4 5/39 May and 1/43/28 and the Profit of $130,027.64 carried W. E. Bell resigned from the Board June. The market closed with sel and Mr. K. S. Morrison, Hon. Mlers at 1/4/16 May/June-1/4 7/32 to Profit and Loss Account, t

The nett premiums of the year C. G. 8. Mackie, Mr. S. H. Dod July and 1/4) Aust, buyers at 1932 amounted to $1,500,887.20 and well and Mr. C Blaker have joined 1/32 higher respectively... claims and expenses to 8827,210.40, the Board. In accordance with the The Balance carried forward, in-Articles of Association Mr. J. Owen

Hughes and Mr. T. A Mitchell, cluding the additional reserve,

tire but offer themselves for re amounts to 81,073,476.60.-

alection. Fire,

The nett premiums amounted to $1,040,032.91 and the losses to &$575,400.00. After taking ‘into; so-' count Commission, Expenses of Management, and Fire Brigade fees and adjusting the reserve for un- expired risks there is a credit balance of 88,020.83 which has been carried to Profit and Loss Account:

The Fund, including the addi- tional reserve, pow $578,013.20.

amounts to

Accident and General,: The nett premiums amount- ed to $372,997.00 and tho elaims to $172,855.73. After tak ing into account Commission and Expenses of Management the profit of $38,237.07 has been carried to Profit and Loss Account.

The Fund at the end of the year, including the additional reserve, amounts to $229,196,80,

Dividend

The Directors recommend a Dividend of $12 per share, a, Honus Dividend of $0 per share and an Exchange Bonus Dividend of $7 per share, payable on the 20th May,

Gold Dollars. Business was done early in the morning at 25 for near delivery followed by transactions at the me rate for June, Rubsequently. offers at 269/16 were accepted for

Asia Lands Limited

Gloucester Building Tel 28380.

We offer you a complete brokerage service for the purchase or sale of New York Securities

Daily quotations sent--gratis request. See our investment news on the Financial Page of

upon

The Hongkong Daily Press

Canion Agente,

John H. Ferguson & Co.

32, B. C. Shameen.

318624

International Tel. & Tel: 4.00 Liggett & Myers "B" 1.00 Loew's Inc.

Montgomery -

Wand

2.80 National Biscuit ge 2.00 Pacifio Gas & Electric 0.50 Pennsylvania Railway

Radio-Corpo

Sears Roebuck

501

red)

102bid 10zbid.

1.00 Standard Oil Co. of New

Joracy

0.40 Socony-Vacuum Corpm. 1841.20 Union Carbide & Carbon £7§. 6.00 Unión Pacino A

United Bester Steel Westinghouse. E. & K.

carli and June and 28 11/16 was also arranged for September de livery. The market dosed at lunch time with sellers at 201 Kay, 30 7/30 June" and 269716 July, buyers at 1/8 higher respectively.

IN THE AFTERNOON, The market was erratic in the afternoon.

Made Sterling. -Business was done at 1/4 3/18 for May/June and 1/47/32 for June. Towards the close 1/4 was done. for July delivery, finishing with sol- hers at 1/4 3/16 cash, 1/4 7/22 June and probably-1741 July," buyers at 5:11/8L higher respectively.

the Merchants were quoted at 1102, for near delivery, but later the rate reded to 1101 for atar.

Shanghal Dollars./ Were quoted at 111 for nest de Gold Dollars, livery.

Business was done at 907/18 for near delivery.The ked closed

Opened buying which

May

reacted Junë,

26.0/10-July: buyers, de

with

June

18

gher respectively.

Skanghai.

Quiet Bellers, we

me, buyers at 1/10 higher.