DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
Belter
Maine Nominal
$1,7201
$1,726
£120 213
398
£91
SHAREBROKERS' ASSOCIATION.
TUESDAY.
MAY 30.
Buyer Ballar
Moatīna
Banks
H.K. Banks
Do (London)...
Chartered Banks... Mercantilo Bks. "A"
$1,730
£13) 2:4
Do.
****
Bank of East Asia...
N. C. & S. Barks...
36.80
$20
Am. O. Fin. Corp:
S.
akt
***
***
444
$0.10 Ch. Fin. Corp. Ord. S. JA 00
.Do. Prot, 8
$1,43
Insurances
Canton Insurance?,.
Underwriters
19
Union Insurances ........
China, Fires
1.K. Fires......
4616 $390 $250
Shipping
$1,440 $2.30
3255
3419
505
84.7% International Aasco, S.
15 71
Douglases
Steamboaty
Indos (pref.).....
Do. (def.)......
Shall
Waterhous
$3.90 $1.35
#22
$30
130
222
$30
$30 427-
$13
‚』
Mining
534
Bengueta
*****
$345
Vonozucia Geld Fkis-| 24.60
Kailana
28/0
25/.
eni
Langkats (single) S.
$12
Explorations.......
$21
541
"Shanghai Loans. S.
$10
$4 $9.80 19/-
-Haube .....
Tronoh Mines ...... Benguet Explorations
3: cts. Docks, Wharves,
Godowns, ato.
H.K. & K. Wharves.
Providents (old) ...13 90
Do.. (UeV) -21 45.
$131
$130
3181 S10
.K. & W. Docks
L
$8
S. China Motors' A′′l
Da.
$18 18
"B"
#8
100
$15
Shanghai Docks 8. $140
38
New Engineerings 8.
$2
331
Hongkowa
Lands, Hotels, and
$7.10
$77
Buildings:
H.K. Hotels
H.K Lands.......8.. Shanghai Landa...S.
Metropolitan Lands..
H.K. Hmlties*** China Do...8.
Humphreys
Asin Realties "A"S.
Do.
HO'S
Chinese Estates......
Cotton Hills
$7.167.12.15
$13
16
116
38
$7.10
$78
$83
$14
$7,70
$141
$137
Do. DebenturesS.
313
$140
320
$7
$.6.10 Ewos
$14.9
811 S'hai Cottons......S.
$14
Young Sings..... S.
$85
Wing On Textiles(3.)
300
....
Public Utilitios
212
Tramwaya******
1212
$10
Penk Trains (old)...
+1
Do.
(new)...
392
Star Ferrios
191
312.H5
12.80, 13
$12.90 12:3
$12.15 3721
$23 $104
$28.70
8112
13.
Da. (pref.)
Industrials
315
Malabon Sugdra
$20
Caldbeck, Lord.) 2.
$16
Macgregora pref 8.
36
Canton Ice
$8
18.40
$1,40
18
123Yaumuti Furries
China Lights (old)....
Do. (new)...
H.K. Electrics ....... Macno do.
Sandakan Lights .....
Tulepbonus............ China Bases ......S. Tractions
Cements (comb.)... $7.80 $7,80
Do. (old)...
Do. (new)... Ropes..
Miscellanous
328) || Dairy Fartos .......................]
Der A Wing---------
Amusemente.......
Constructions, (old)
Do. (new).85 ota
Lane Crawforda...... $4. Mackintosha.runni
Nanyang Tobacco...
Sinceres Watsons
1 .
3121
$12
Ch. Etainments.......
$4,40
1
$16)
$10
£2,10
Wm, Powells
$10
M. Greyhounds......
$32
8. C. Enterprises ...
United Theatres...9.
70%
Brem. $21%
$9
$200
B. Ind. G. Bonda... 711,
ILE, Gort Loans... $103{|
Wallace Harper ...............
China Sports Ltd ..... |
H.K Wing On
S'hai Do.
**
$114
$781
$15
1:8 8 | ཨཽ1#a@ པཀྵ ཿ བནི
$154
ox dir $1,50
32
$208
157
Asia Lands Limited
Tel-28380:
Gloucester Building We offer you a complete brokerage service for the purchase or sale of
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. U. Shameen.
Tel. 18624.
HONG KONG DAILY PRESS, WEDNESDAY, MAY 31, 1933
MONEY AND MARKETS
ANGLO-JAPANESE
TRADE
OSAKA SPINNERS STILL UNCERTAIN OF BRITISH INTENTION
Affairs,
U.S. INVESTMENT NEWS
From Asia Lands Limited
AMERICAN SUGAR REFINING
CO.
TOKYO, May 90. Based on the various reports so
This leading sugar producing und far received from London, Mr. Kurusu, chief of the Bureau of refining enterprise has substantially and Mr reduced its funded debt, and is Commercial Terao, chief of the Trade Bureau otherwise in a strong financial po yesterday discussed the British sition. Despite the declining trend proposal for Anglo-Japanese trade of sugar price last year, the com- conversations, It is understood pany's earnings approximated those that the purport of the British of 1931, and medium term prospects proposal and the Japanese Govern are not without promise of impreve inent's views will immediately be ment. The rise in gur prices this broached to private parties. year will probably result in notable The negotiations between Mr. improvement of the company's net. Matsuyama, the Japaness Commier It is tentatively estimated that net cial Counsellor, and the British this year will range from 83 a share Commercial authorities over the upwards to as much as $or 86. It present proposal are still going is expected that no change in the on. It is still unknown whether a lividend rate will be made when the British intention is.to.conclude action is next taken around May 17. a divided market agreement, or to A strong financial, condition has evue" to agreement over the been maintained by American Sugar quantity to be shipped by the to Refining. nations. But as regards the sug gestion that the present conversa tions should be confined to catton goods, it is understood that the British side has no objection.
11
AMERICAN TOBACCO CO.
HONG KONG STOCK EXCHANGE
YESTERDAY'S OFFICIAL
QUOTATIONS
To-day saw the completion of thể remaining portion of the monthly Settlement, and that being the case, it was only to be expected that very little in the way of fresh business would materialise. Never- theless, a slight easing off was to be noticed in Cements, Ropes and China Lights.
Salos.
Hongkong Banks, $1.723. Union Tasuranges, | B319. Hotels, $7.18.
China Lights (Old),"$12.80/13, Electrics, 873/75, " Cements (Combined), 38. Watsons, 810.
Govt. Loans, 21% prem..
Buyers.
Hongkong Banks, $1,720. Bank of East Arin, 808. Canton Insurances, 81,440." Underwriters, $2.30.
H.K. Fire Insurances, 8933. Vens, Goldfields $11. Providents (Old), $3.90. Providents (New), $1,35. Hotels, $7.10.
Hongkong Lands, $76): China Lights (Old), $12.83) China Lights (New), $12.15. Electrics, $73.
Telephones, $28.70. Lane, Crawfords, 84.. Constructions (New), $1. Govt. Loans, 21% prem.
Sellers.
Both the common B and preferred stocks of this company are among The Japan Cotton Spinners' As the more attractive issues in the sociation and the Export Textile tobacco group. Reflecting the loss Traders' Association also held.
of cigarette volumes to manufac joint committee meeting at the turers of 10 cent brands and "roll- Mengyo Club. Discussion was een-your-own" smokers, American To- tred on the British action towards bacco reported net income for 1930 the consolidation of an economic equivalent to 88.48 a share, as cont· blac, such na the tariff "increase in pared with 89.07 in 1931. However, Egypt (sic) the repudiation of the the custoinarily strong financial po Anglo-Japanese Commercial treaty sition showed further improvement:
holdings in respect of West Africa and the cash
by increased British demand for a reservation 819,049,567 during the year and in- to the international tariff truce oventories of raw tobacco, acquired as to enable her to conduct -tariff
at cheap prices,, were 818,000,129 increase on Japanese goods.
higher. Total current assets were All committee members were na 53.6 times total current liabilities, turally greatly concerned with the
The immediate result of two price situation, because there are possi-reductions on Lucky Strike cigaret bilities of the British measures bo ing extended. They were keenly tes was an increase in volume of al- alive to the need of immediately most 100%, which steadied down to nfigure conservatively 30% above deciding the Japanese attitude to wards the proposed conversations, the volume existing prior to the re-. and pointing out the injustice of duction. the British action. The Committees
With farm purchasing power then decided to ask Mr. Miyaji ma, president of the Nisshin Spin- severely depressed, sales remain at ning Company, and Mr.. Shikamu-n level where remunerative opern. ra, managing director of the Fuji tion is impossible, While moderate Gasu Spinning Company, to call stimulus to new business might on the Eareign Office and obtain result from administration measures the latest information about the for agricultural rehabiliation, the
Messrs. Roza Bros. have for- negotiations which have been going company's limited cash resources on between the Japanese Embassy will compel it to concentrate large-warded us the following Exchange
Market Report for yesterday:-
"
Case (J.L) Company.
in London and the British Govy on the collection of receivables for some time to come, at the ex-
ernment.
H.K: Steamboats, $29. Hongkong Lands, $7. Hongkong Ropes, 885.
THE EXCHANGE MARKET
MESSRS. ROZA BROS., REPORT
and
$19 having
Silver prices rose 1/16 yesterday, The Japan Cotton Spinners' Aspense of sales promotion efforts sociation, at a committee meeting, Case's earnings over a period of the quotations being 18.15/16 for decided on the retention of the years have been highly, erratic and Ready and 10 for Forward, "Silver existing production curtailment, the common stock is unsuited for advices reported America namely, twehty per cent. spindle the average investor, since the small Indian speculators sealing plus four holidays a month, number of shares outstanding re-bought. China and the Continent for the next term, July to Septem sults in wide and unpredictable sold. The market was quiet. The tone was uncertain at the close. In market movements, usually with no ber.-Japan Chronicle.
relation to immediate prospects. America tho rate was quoted at 341 The preferred is somewhat more for Spot.
STABILISE WORLD CURRENCIES!
Bank of England Adviser
at White House "
CONFERENCE WITH THE PRESIDENT
stable, but under existing conditions New York advices reported the. uncertainty still surrounds main opening rato at 3.97 and the clos- tenance of the recently reduced
dividend. In as much as the prefering rate at 1.00. The market was red is cumulative, resumption of erratic. The lowest rate done was payments on the common is further 3.964. removed.
GENERAL. FOODS
CORPORATION.
Market.
Quiet, the tone was steady.
Sterling.
There were sellers after the open-
First quarter profits are offcially reported to have exceeded $0.50 aing at 1/4 11/16 May/June and 1/4. share, and results throughout 1933 23/39. July, buyers bidding 1/32 are expected to be only moderately higher: Subsequently business was WASHINGTON, May 20. under those of a year ago. Never done at 1/4.23/32 for June and The first American step toward theless, directors have deemed it 1/43/4 July. The market closed the stabilization of international advisable to reduce the annual divi with sellers at 1/4.23/32 May/June and 1/4 July, buyers bidding 1/32. was believed to have ond rate from 82 to 81.80 as a con- currencies been taken to-day when President servative protection against the con-
higher. Mr. Oliver tinuing uncertainties of. business Roosevelt Sprague, economic adviser to the conditions. The new rate is consi- Bank of England, to confer with dered reasonably secure, him at the White House.
There had been no previous an INTERNATIONAL': nouncement of the conference and the question of stabilization had not been the major subject in the President's recent conferences.
invited
The Secretary of Treasury, Mr. William Woodin, was also invited to it in the conference which,, it understood, will continue over
tomorrow.
HARVESTER CO. Notwithstanding a 47% decline in last year's pics, the loss, before and reserves, was of charges moderate proportions, again demon strating the management's ability to adjust costs to income and to a fui abare of available
Gold Dollars.
Business was done at 27% for cash and June There were sellera at 27) Cash/June and probably 8 July, buyers at 1/16 higher respectively. Ton.
Merchants were quoted at 119) for near delivery,
+
Shanghai Dollars. Quoted, at 110 for near delivery. Shanghai,
The market was steady, Sellers
Officials let it be known earlier secure in the wook that the principal business. The utilization of large financial nations would attempt to reserves built up in prosperous reach a stabilization agreement be periods has rendered the effect on fore the opening of the World working capital of large unearned were indicated at 1/31/16 for near Eonomic Conference Exchanges dividend disbursements relatively and 1/3:1/8 forward, buyers at 1/10 have not fuctuated violently in res unimportant, while liquid resources higher respectively. cent days and it was understood have been enlarged”, more that the time might be opportune for action regarding the dollar and the pound sterling.
than
$20,000,000 in the past two years. The company, therefore, is ade quately equipped to participate fully in any revival in farm machinery sales, and might receive noon. moderate benefit from the Federal Government's agricultural rehabilia-
41
purchasing power of Latin America and Chian, Dr. Moley said.
Business was done at 1/4.3/4
PRESIDENT LINE
sall 1,591,000 milu every year.
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
via Panama Fortnightly sailinge on Wednesdays Fres. Wilson ............., Jane 7 Pres. Coolidge.............. June 21 Pres, Jackson July Pres. Hoover .......... July in
To Seattle and
Victoria
13
Fortnightly sailings on Saturdays Pres. Jefferson........... June 3, 1 am, Prez. Clevoland Pren Taft.......... Pres. Jefferson
***..June24 Joly 8 July 22
ROUND TRIP FARES TO EUROPE & AMERICA.
Direct Special through rates to Eoropa, via United States,
Choice of rail lines scross connections with all Atlantic lines United States and Canada, liberal step-over privileges for Sight-seeing. Full particulars upon application:
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdaya via Manila, Stratis, Colombo, Bombay," Suez Canal, Alexandris, Naples, Gonea, Marseilles, New York and Boston.
Pres. Adams
Pres. Harrison
TO
Next Sailing
Pros. Coolidge ..........
8am.
June 10 Pros. Hayos...
Jono 24
MANILA
5 am.
July 8
Pres. Adams June 10, 8 a.m..
Pros, Taft
..June 13 Pres. Clevoland.....ane 17 Pres. Harrisonne 24 Pres. Jackson
- June 27
July
July 11
Pros. Ifayes...» ........................äduly Free. Hoover
Connecting with 8.8. MAYON 7. CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING-HONGKONG.
CANTON BRANCH, SHAXES ROAD.
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE
M.S. "SELANDIA" Sailing on or about
FOR MANILA .....
10th JUNE
FOR SAN FRANCISCO, ETC. 20th JUNE
via SHANGHAI ...
CARGO AND PASSENGERS ACCEPTED FOR MANILA, AND SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETO. THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.
Excellent Passenger Accommodation
Passenger fare Hongkong/San Francisco G$120 (1st class only) For Freight and Passage, etc, please Apply to:
The East Asiatic Co., Ltd. The Chinese American Shipping
Agents: JOHN MANNERS & CO. LTD.
Company Agent: HONG SLING
Office: MERCANTILE BANK. BUILDING (TOP PLOOB), 7, QUEEN'S RD., CENTRAL, TELEZIONE: 24071.
NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28380-Gloucester Building, Room 300
[KEUTER'S AMERICAN BERVICE.}
New York: May 19. Dow Jones Averages: High-1932
30 Industrials
88.78
Low: May 27, May 29.
41.22.89.01
Change
00.02
.41 up
90. Rails
41.30
13.23 42.38.
42.04
.88 up
38.11" 63.26
16.03 29.01
29.99
41 up
65.78 83.30
83.31 01 up
20 Utilities 40 Bonds
Asia Lands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. The rail market came through as expected, However, the advance was quite selective. We expect further strength in New York Central, Delaware-Hudson and Southern Railway and possibly a slower-appreciation in Pennsylvania Railway, with quite a little profit-taking, As regarde industrial issues we understand that some very confident buying is taking place in oils. Wheat: Although there is a slackening of demand the market rules steady, dominated by inflationary sentiment. Farmers sold. Statistics are bearish. Cotton: Cables caused a 75 cent recession, early on, which attracted fresh buying. Silver advanced 30 points at the opening and attracted profit-taking, which force prices to the previous close. The Trade and banks bought. The market is closed tomorrow. Business Done: 8,950,000 shares...
*
3.00 Air Reduction
0.00 Allied Chemical & Dye 4.00 American Can
2.00 Chase National Bank
LAST SALE May 27, May 29,
1939
DIV.
HIGH
Low PIE. SH,
8817 8801
னர்
30%
42
1061 104
200
30
1378
70)
44.
American Smelting....... 9.00 American Tel & Tel.. 6:00 American Tobacco
34
1191
119
10%
3
IN THE AFTERNOON
281
Anaconda Copper Mining 2.00 Auburn (human)
14
04
:王
43
160 Borden Company
35
The market was quiet in the after-
7
Canadian Pacific”...............................
14 138.
18
J. L. Cast
731
Storling.
178
20 bid 20 bid
D
1.00 Chrysler Motors
681
31
4.00 Consolidated Gas of NY,
23
3.00 Drugs, Inc. ..........
54)
502
22
2.00 Di Pont de Nemours
784
777
381
3.00 Eastman Kodak.
80
78
48
D.
6% & Electric Bond & Share
942
et 0.40 General Electrica
21#
401
194
2.00 General Foodsam
334
248
7%
251
The
24t
..14
301
108
100 bid 110
161
80
34
B
Montydusory
192 100 National
Do-operation Urged. Silver was not discussed to-day, it was said, and Dr. Raymond Mo ley, Assistant Secretary of State, said in radio adurese that it tion programme Maintenance of for July and 23/32 for May would be reserved for the London even the recently reduced dividend and June, finally with, sellers meetings He did, however, say of 80.00 per annum on the common, at 1/4.23/22 May/June and 1/4.3/4 July, buyers at 1/32 higher respec that the time had arrived when the however, is not assured,
tively. closeąt do-operation between the
Gold Dollars. central banks of all the nations should be maintained.
"He touched briefly on the war No business was reported. The fact that, silver must await A decision of the conference, was debt question and repeated the Ad market closed with sellers at 27. statement 13/16 May/June and 27.15/16 July, taken to mean that the first stabi- ministrations previous lization would deal with. American, that they would not be made British and French currencies... trading matter and would not be buyers at 1/8 higher respectively.
The main effort regarding silver considered pollectively. They will will be directed toward raising the be considered individually however price sufficiently to increase the while the economic conference is in (Continua akibet of nest Column) sessions, he said.
£
Shanghai..
Sellers were indicated at 1/3 for near, buyers at 1/3.1/18 cash.
1.00 General Motors.......
1 Gillette Safety Lakhim
0.00 International Harvester...
(Preferred)
International Tel. & Tel 4.00. Liggett & Myers-B
1.00. Loew's no
7.001
bid
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