DAILY SHARE QUOTATIONS
HỒNG KONG STOCK.
Bu yetu Ballers
nemam tadi ngangungu
EXCHANGE.
SHAREBROKERS" MASSOCIATION.
•HONG KONG DAILY PRESS, FRIDAY, MAY 19 1933
MONEY AND MARKETS
THURSDAY,
BAN
Bugere
Bollars.
Bale Mousias
MAY 18.
FINANCIAL NOTES FROM
Banks
$1,730 H.K. Banks...) 21211
Do. (London).....] Chartered Banks... £941, bercantile Bks. "A"
Bo.
$1,730
E15
HA
ED
£24 20+
$90
Bank of East Asia.....]
$98
$20
N. C. & S. Banka... Am. O. Fin. Corp: S
17.40
10
30:00
31,05
$820
P
16.40 Ch. Fin. Corp. Ord. 8.
Do. Prof, S Insurances
Canton InsurSU000..........
Underwritera y $2,10
Union Insurances... 535
China Fires
H.K. Fires
$4.76International Asace, S.
192 Douglases......
Steamboats *******
Lados (pref.)
Do. (def.)
44/4Shells
WaterFcata
Mining
Benguets.......
$4.20 Venezuela Gold Fids. $34
$38
$20
$10
Balpping
329
$1,486
***
194
140
14
$825 $250
$34
232
$26
$20
48/.-
141.
26/3
Kailans.SMETUES
25/
Langkats (single) B.
521
Explorations...
$12 $2
#4
Shanghai Loans --..
Ranba
$9,80
$10
Tronoh Mines
33 cla: Benguet Explorations
Dočks, WharVOK,
Godowns, etc.
H.K. & K. Wharton:
13/6
LONDON
Dorman Long and S. Durham Steel Co.: Lever Bros. Great Record: Marks and Spencer
Do Well: Nestles Milk Hold Their Own: Schweppes New Drinks
(Special Air-Mail Service)
rc-
of that fund up to £370,000, while properties contingency fund ceives £23,000,- an increase of £7,500 on the previous .allo- cation, and tax reserve £140,871 an increase of £43,462. A balance of £53,061 then goes forward, against £33,40%. The success of the undertaking is partly attributable to the board's policy of expansion." New stores are being continually started, and the past year's pro- gramme embraced the opening of a large number of branches through- out the country.
DORMAN LONG CAPITAL - PROPOSALS London, May 12.-It Was an- nounced yesterday by Dorman Long & Co, that the negotiations for amalgamation with the South Durham Steel and Iron Co. are ex pected shortly to reach the point at which the scheme will be submit ted to Debenture stockholders and The shareholders for approval. scheme will require substantial modifications in Dorman Long's capital, including the pc. De benture stock, of which some £5,000,000, is outstanding, and NESTLE AND ANGLO-SWISS holders of this stock are now äsked, Although there was an appreci to leave the, interest on this stockable decline in the gross profits of for the half-year to April 30 to be, Nestle and Anglo-Swiss condensed dealt with under the scheme. Milk Co. last year, net profits did The request, however distasteful not differ to any extent from those The explanation, Mr. 1.134 it may be to the 3 p.e. Debenture of 1931.
stockholders, is hardly astonishing. Louis Dapples, the president, said As was suggested here on March at yesterday's meeting, was to bo 25, the proposed fusion with South found in the economies effected. As Durham clearly called for a pre to the future, the turnover was cedent reorganisation of Dorman still falling off, and there were, in Long's capital, which would pave his view, very few signs of an early the way for the provision of new improvement in the international finance for further development situation.
$1331
Providents (old). .....] 1300
$4
$1291 $3.90
$1.39
Do. (new)...
#181
H.K. & W. Docks
$18
$10
S. China Motors A
18
Do.
$3
**
320
3183 Shanghai Docks 9.
New Engineeringe8.,
Hongkewd.
Lands, Hotels, and Buildings
H.K. Hotels HK Lands.........8. Shanghai Landı.....8.
Metropolitan Landa..
$7
$742
75/741
30+
471
H.K. Healties..........
$14
China Do...
$137
Do. Debentures8.
$131
Humphreys
$140
$20.
$95
$13.80
114!
897
Asin Realties "A" S.
Do.
"B" B.
Chineas Estates............
Cotton Mills
Ewos...
Bhai Cottons......
814. Zoong Sings ................ S. #85
Wing On Textilee(S.)
Publio Ukiflise
Tramways
$13.05
$214
$914
$29 Yaumati Ferries(old)
$12.40 China Lighte (old)... $12 15
$1130
$72
9573
7.10
::::
T.¿
$76
The merger itself is desirable in the interests, not only of Dorman $19 Long, but also of the iron and steel
97
914
$90
3914
$12
$9
Poak Trains (old)...
Dio,
(new)...
$18 38
༣་་
Star Ferriss
391/
.891)
Do
(DOW}
cum, rights...
Do. (now)... #11}·
H.K. Electrica
78
$23
Macao do. :
$104
Sandakan Lights ....
Telephones...
122
$11
China Buses'.'
1
Tractions
71-
Ds. (prof.)....
$16
320
$16
56
08.10
$1,30
prem.
128
312
+
***
Do.
143
Industrials
Malabon Sugars
Caldbeck, Lord.) 8.
|| Mangregor pref 18.
Canton Icas! Cements (comb.)...
Do
(old)... (new)...
Ropes RHOO Ch* Agricultures.
Miscellanaona
Dairy Farma
Der A Wing..................
Amusements 2000 a
Ch. Etainmenta......
Constructions, (old): 32.80
Do. (DOW)] Lane Crawfords....... Mackintotham Nanyang Tobac00.....
Binceres ....DETÉSHEZ
LA
$21
$15
$9.40
Watsons
$2.10
Wm. Fowells.............
EF
$10
M. Greyhounds.
$91
3. C. Enterprises
United Theatres....... 8.
70%,
$2771
B. Ind. G. Bonds.. 71.
HK. Gort. Lo... $102
Wallace Harper China Sports Ltd $300 H.K-Wing On
8'bai
Do
201
20 8t
316
$8
361
น
$12
80 eta
4/4.05
$2
Asia Lands Limited.
Gloucester Building Tel. 28880. We offer you a complete brokerage service for the purchase or sale of New York Securities Daily quotations sent--gratis-
uest. See our investment news on
the Financial Page of The Hongkong Dally Press
Canton
John H. Ferguson & Co.
Bha
18624
industry a a whole. Economies should result from the scrapping of redundant plant and concentration of production, with consequent benefit in the form of firmer prices for certain products. If the fusion meets with success it will act as an incentive to similar rationalisation elsewhere in the industry. In this way the security of the 5 p.c. De- benture stock should be improved by the merger. The stock was quoted yesterday around 54.
SCHWEPPES. LIMITED INCREASED NET PROFIT The 86th annual general meeting of Schweppes Limited was held yes- terday at 1, Connaught-place, W.
HONG KONG STOCK «MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
After an easy opening at this morning's session a better feeling prevailed later in the day, do mand for Unions, Lands, Electrics and Telephonos imparting to the market a better appearance.
In the mining section Benguet Consolidated were in strong request, and bid up to $29, whilst Raubs improved their position, with prob- able buyera at $10,
Bales.
China Underwriters $205. Benguet Explorations 31 cents. Wharves #1303/131.
Hong Kong Lands #73/74). Hong Kong Trams 8211. Star Ferries 8911.
Hong Kong Electrics 1793. Dairy Farms $29.
Buyers.
Canton Insurances $1,480. Union Insurances $540. H.K, Fire Insurances $250, Indo-Chinas (Prof.) $28. Benguet Consolidateds $29. Raubs 01.
Providenta (New) $1.30. Hong Kong Lands $74).. Realties $7.70..
::
Chinese Estates 305. Ewo Cottons Sh. #14.15. Hong Kong Trams $21). China Lights (New) $11.30. Hong Kong Electrics 872). Telephones 827). Cements (Old) 86j. Cements (New) $1.30. Lane, Crawfords. $4, Constructions (Old) $3. Government Loans 21 per cent.
premium. og
Sellers,
Hong Kong Steamboats $22. Providents (Old) $4) Hotels $7.
T
THE EXCHANGE MARKET
MESSRS. ROZA BROS..
· REPORT
Messrs. Roza Bros., have for warded us, the following exahange. market report for yesterday:---
Sir Ivor Philippe, K.C.B., D.S.O. (the chairman) said that the gross profit was £923,000, as against £39,000 laat year, but they hád effected a large reduction in gener- al expenses, with the result that the net profit, at £112,000, showed „an increase of over £3,000. One of the most pleasing features of the balance sheet was the reduction in the item loan overdraft. In the LEVER BROS. MILLIONS
balance sheet of 1830 this item stood In spite of the universal diffi- at the high figure of £203,500 which culties of the past year Mr. Fran- amount was required largely to cis D'Arcy Cooper was able to state finance the acquisition of the con, at the meeting of Lover Brothers trolling interest in Kia-Ora. Ltd. yesterday that the profit for 1832 In 1931 they had been able to reduce was the greatest in the company's the amount to £149,500, and now, history. The achievement was the at the end of the year under re: more remarkable since selling prices view, it was down to £41,000, 80 were reduced in all countries. The the transaction carried out in 1830 total turnover of the group was no had been financed by temporary less than 562,779,600, and the ton- measures and without recourse to nage rose by 27,000 bous to 2,008,000 anything of a permanent charge on bought. Amounts offerings were small. Amerion operated both ways, The tone at the close was uncer-
In America the rate wa quoted at 33 for near delivery. The market was enatio.
tong.
(
In the home acap trade the ton- mage of sales fell, despite reduced prices, but the sales of proprietary brands showed marked resilience. Good results were achieved in the canning, retail fish and Antarctic whaling industries. West African trade improved, though, a big loss we made in the Congo.
the business.
The balance of liquid assein had
during the year increased
by £4,000, so that the financial posi- tion of the company" Was very The directors had placed sound. £25,000 to the reserve account out of the year's profits, bringing it up to £225,000, and they recommended the payment of the same dividends as last year, leaving a slightly higher figure to carry forward.
Silver prices were substantially higher yesterday to the extent of 13/16 for Ready and Forward, the quotations being 19 and 19.176 respectively. Silver advices attri- buted the rise to China Banks hav
tain.
New York advives reported the opening rate at 3.88) and the clos- ing rate at 3.923. The highest rate was 3.93 and the lowest rate 3.88),
*.... Market, Erratic. The tone was firm at the
Sterling.
1
p.m.
5
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
via Panama Fortnightly sailings on Wednesdays Pres. Hoover ............May 24, 1 s.. Pres. Wilson
sande cop, June 7 Pros. Coolidge Pres, Jackson.............. Pres, Hoover
Jane 21.
July 5
...... Jaly 19
To Seattle and Victoria
Fortnightly sailings on Saturdays Pres. Taft ..... mer e May 20, 1 am. Pres. Jeffarsou............ June 8 Pres. Cleveland ... Free. Taft
Pros, Jefferson.*.***...
......Jups94 ...July 8 July 22
ROUND TRIP FARES TO EUROPE & AMERICA.
Direct Special through rates to Europe via United States. connections with all Atlantic lines. Choice of rail lines saTONS United State and Canada, liberal stop-over privileges for Sight-seeing. Full particulam upon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straita, Colombo, Bombay, Buez Canal, Alexandria, Naples,” Genoa, Marseillos, New York and Boston
8 m...
Free, Harrison.....
Pres. Folk......manoMay 27 Pres. Adams.........Juze 10 Pres, Hayes........
TO MANILA
Next Sailing..
Pres. Jefferson....... May 27
8 a... ...June 24..
Pres. Polk May 27,8 aja
Pres. Cleveland...u s'ke s June 17
Free. Harrison ...............June 24... Prez, Jackson
... June 27 July 1
Pres. Wilson................May 30 - Pres. Adams...........................................Jona 10 Pres. Coolidge June 13. Pres. Taft ........... Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING-HONGKONG.
CANTON BRANCH:—4, SHAKıs Road.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28380-Gloucester Building, Room 308.
{RXUTER'S - AMERICAN BERVICE]
New York: May 17
Dow Jones Averages: High-1939
30 Industrials
$8.78
.
42.30
13.22 37.58
20 UtilitiesTMTM
30.11
40 Bords
83.20
65.78 81.00
*:20 Rails
Low: May 16. Blay 17. Chauga:
41.22 81.29 8264 1.35 up
37.82
.64 up.
81.5451 up.)
16.5328.5628.67.11 up
Asia Landa, Limited, has received the following report from their New.
York correspondents, 2. A. Pierce & Co. We think that trading posi tions on the "long" side should be continued. The market looked normal and, in spite of "churning" appears to be under control. Whent: Higher, on Eastern buying on the strength of the Stock Market. Cotton: Investment and speculative buying advanced prices. Later, considerable selling was encountered, part of which it is believed represents sales of Red Cross cotton. Silver: Europe and the Trade, and also large professional operators selling caused a decline of 1.60. points. Later prices recovered on news that England favoured a heplful scheme for Silver. The regular dividend has been declared by International Telephone...
Business Done: 4,790,000 shares.
1932
Drv. $
LAST SALE
HIGH
Low PER. SH.
May 16 May 17,
604
30%
3.00 Air Reduction
8731
$731
84
42
6.00 Allied Chemical & Dyo
..:97
1011:
$2
4.00 American Can
81
814
30
American Emelting.
281
282
1379
70
0.00 American Tel. & Tel
1072
110%
89
44
5.00 American Tobacco "B"
80)
811
194
3
Anaconds Copper Mining
121
121
the
2:00 Auburn -
53
43
1:60 Borden Company
331
30
Canadian Pacific
*-131
18
16
J. I. Castan
211
1.00 Chrysler Motors
i
20
08.
31
4.00 Consolidated Gas of N.Y.
53%
23
3.00 Družs; Ipo
471
5
22
3.00 Du Pont de Nemours
67%
35
3.00 Eastman Kodak
711
6% & Electrio Bond & Share ****
48
231
24
0.40 General Electric
26
401
191
2.00, General Foods
107 201
321
321
249
7
1.00 General Motors ..
234
2
10%
1. Gillette Safety
344
108
0.80 International Harvester
197
132
34
108
7.00
(Preferred
-International Tel. & Tel
106
106.Bid
-15%
:80%
341
4.00 Liggett & Myers
B
121
12}
82
10
18
Higher profits were carned on the Continent, in Australasia, U.S.A. and Canada, but earnings in India, In addition to their famous table opening but subsequently eased off China and Africa declined. The waters, the company also manufac slightly. Towards improvement in the U.S.A. was tured cordials, British wines and market was again inclined to farm- particularly satisfactory, having cider. They had recently placed ness. regard to conditions there. Alto- on the market three aerated fruit gether, excluding West Africa, the drinks, namely, Sparkling Orange The market opened with sellers shrinkage in the revenue from over- Palato, Sparkling Grape Fruit and at 1/4h, buyers bidding 1/4.0/16 at seas companies was less than 1 p.c. Sparkling Lemon, and, as the con- which rate business was done for Export sales, however, fell 5 pc in suraption of "soft drinka" was May and June followed by transac tonnage, with a decline of £74,971 undoubtedly on the increase, the tiens at 1/4.19/32 for June and 1/48
In view of Lever's board in profita
were confident that the
July. The market then eased ubiquitous interests, it is reassur-quality and flavour of their new ing to learn that the company's ex fruit drinks would meet with pub off to buyers at 1/4.9/18, sellers
risks
offering 1/4.17/32, but shortly be change
adequately lic approval. ΣΤΟ Mr. D'Arcy Cooper safeguarded.
report was unanimously foro I p.m. the market again react- ed and 1/49/16 was done for caah described the general outlook as adopted. by no means encouraging," but he
and 1/4§ "July. The market closed. hopes that the results for 1833 will
with sellers at 1/4.9/18 May/June not be unsatisfactory.
and 1/4,19/32 July, buyera et 1/32 higher respectively.
Record Advertising and Profits
The Research Department of the Advertising Association draws at tention to the fact that the expendi.
The
EXCHANGE
CLOSING QUOTATIONS
18, 1913.
11.
Telegraphic Transfer... Bank Bills, on demand Bank Bills, 4 months'
might ki
ture of this company on advertis- the LoRDON- ing during the past year was greater than that of any other concern in the world, and suggests that it is o`reasonable assumption that there. is an intimate connection between. ith record profits and its record- advertising
·MARKS AND SPENCER - PROGRESS
Credits, 4 months' wright W
ON NEW YORK:—
Bank Billa, on demand se dom Credits, 60 days' sight. nom
ON PARIS:
The unchecked expansión in the Bank Bills on demand 188 earnings of Marks and Spencer,
Credits, 4 months' sight ent who operate: Co chain of bazaar Or INDIA :—.. stores, is definitely remarkable in
Telegraphic Transfer view of prevailing conditiona
Bank, on demand Preliminary figures show that for Of SHANNON the twelve months to March 31 net |-- On Demand profits reached £816,788, an increase. On Kom
of £146,041, which follows a gain |....... On demand" of nearly £20,000 recorded a year | On Manıza ge ago. A conservative distribution On-demand policy is again followed by the Ox BindAFORE:--- board, the total cash dividend on On „demand the Ordinary and 44 A 2 Ordinary | On BAZÁVIA I shøres being unchanged at 25. p.d.]. On demand thus allowing the reservas to be | Dz. Bargon |—— strengthened conmderably,zodi 25 On demand udal, a 10 p.8. srip bonus in "E" ON BANGKŐÍR, Ordinary shares is
The allocation to gen Fio £237,649, of #87449
last year, which brin
Gold Dollars.
Quiet. Seller at 97 May, 27.1/18° June and 27.1/8 July, buyers prob ably at 1/18 higher. Business. was reported early in the morning at 27.1/8 for July.
Ten
Merchants were quoted at 111 for dear delivery
Shanghai Dollani,
Quoted so 1104 for near delivery, Sun Shanghat
Firm
Business was 1/2-15/19 for Juno del
pero sollera al:1/8 for néer, buyerį. probably at 1/2.15/16 May.
IN THE AFTERNOONS"
1.00 Loew's Inc.
Montgomery Ward
2.80 National Biscuit....
2.00 Pacific Gas & Electrio.
0.30, Pennsylvania Railway
- Rádió Corpn.
Seara Roebuck
1.00 Standard Oil Co. of Nes
0.40 Somony Vacuum Corpn. 1.20 Union Carbide & Carbon 8.00 Unión: Pamucion
United States Steel Westinghouse E. & M,
LAND INVESTMENT CO SHANGHAL RECORD 411038 RENTALS.”
The market opened athlidy in the the. afternoon but closed easy.
dona at
In Sterling busines 1/3 for July and 174 19/38 for June and lay, Towards the close buy- ar's osute ontrak 114,0 10, May/June and 1/4:19/39, July sellers offering 1/417/32 > May:June/ mid:1/49/18 Jnly
The market cle
July buyers at:
BILVER, per OL
The annualger
Ed. 341
losses due to the “ Sino-Japane Hostilities, the sam so transi would, iny the ordinary course of events, have been included in our rental figures. o In view of the diff May::14. culties experienced during the past ing of year, I consider our gross rentals very satisfactory. Of eve ater
fact
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