1933-06-01 — Page 13

DAILY SHARE QUOTATIONS

HONG KONG STOCKTM EXCHANGE.

Bayere Galler

$96

11114

$9.35

$265

SHAREBROKERS' ASSOCIATION.

مدلعة

WEDNESDAY,1

MAY 31.

Ballers Buy

Banks

$1,720, H.K. Banks MAKAN:

£125

De. (London)....

Chartered Banks....

Mercantile Bks. "A"

$0.40 Ch.Fin. Corp. Ord. B.

Do Prof. B

Shipping

MUST!!

Nomina

$1,730

HONG KONG DAILY PRESS, THURSDAY JUNE 1, 1933

MONEY AND MARKETS

FINANCIAL NOTES FROM

LONDON

Commercial Union Assurance Does Well: Sir E. Geddes on 'Dunlops: The Gold Standard

and B.I.S. Eagle Oil

(Special Air-Mail Service)

E13

2211

£138 £24

Do.

"O"

291

***

Bank of East Asia...

$98

N. G. & B. Barks

$6,80

$20

Am. O. Fin.Corp: B.

2500

Insurances

$1,440

Canton InsuraNGON.........

$1,436

33.45

Underwriters

12.36.

9619

Union Insurances ........

ផ

*GUS

China Fires

$590

H.K. Fires.

$250

$4.75 International Assce. 9.

COMMERCIAL UNION- ASSURANCE

$326

Douglases

$34

192

Steamboats

$22

$30

Indos (prof.)

130

Do. (def.)

18/0

Shell

318

WaterFonta

$30 $30 49/- $16

Mining

$34

Benguota...

Venezuels Gold Fida.

134)

| 74.60

30/-

Kailans isterser

25/.

$13

Langkats (single) &.

32.10

35"

Shanghai Loans

Explorations.....

$12 $21

-34

$9.80 12/-

!!!!!!

$3.90 $1.35

$10

Raabs

Tronoh Mino

31 cts. Benguet Explorations

Docks, Wharvoz,

Godowns, sto.

$131

H.K. & K. Wharven.

131

#131

Providents (old)

... 13 90

Do. (new) 1 40

818)

li.K. & W. Dock

318

10

S. Chins Motors* A'

$8

18

Do

"B"

$157

Shanghai Docks S. $146"

$8

New Engineerings S.

38

#33

Hongkewe

Lands, Hotels, and

Buildings

$7.10 $76

87.15

H.K. Hotels...... $7.10

$7.18

$77

HK Lande...5..

333

Bhangbai Lande...8,

$14

Metropolitan Lands..

$7.70

H.K. uailties................****

$14

Chins Do..............,8.

5137

Do. Debentures S.;

$134

Humphroys

$131

$140

Asin Realties “A”S.

320

$1

Do, "B" B. Chinese Estatee... ..

5.10

Ootton Will Ewos

18.) $14.90

$14

$85

Wing On Textiler(S.)

814 $90

Public Utilities

$21.80

$161

8116 | Shai Cottone..............S.

Yoong Singe S.

EHS

Tramways

Pork Trains (old).

Do

Yaunisti Ferries

$28.70 Telephones...................................

$212 116

(new)...

$8

3.2

Star Ferries

381

$29

330

$12.35

731,73

**

China Lights (old)...

$12-$12

819.18

Do. (new)...

H.K. Electrics ... 37%)

$73

$23

Macao do.

1104

Sandakan Lights ....

3221

8:12

China Buses...........8..

Tractions abo

13.

Do. (pref.)..............

***

Industrials

$18

Malabon Sugars ...

315

$20

Caldbeck, Yord.) 8.

$16

Macgregorafiprof.)8.

56

Cantia Icoa ********

$8

Coments (comb.)...

$7.50 $71

$0.40

(old)

1-$1.40

(Dow}...

$15 $9

$281

$187

$12

$420

ex d'v 84.8

$1.00

18

Do

Do,

Ropes

Miscellaneous

Dairy Farzo

$28

$1

Der A Wings...............

$124

Amusements......

$12

Ch. Etainments......

....$4.40

$1

34.00

Constructions, (old) $4.16

Do

(now).9 cta

Lane Crawfords......

Mackintoshssona Nanyang Tobacco...

Bincares..........mékter Watsons

Wm. Powells

$161

$10

12.10

$10

M. Greyhounds..

$82

8. C.

Enterprises

Mi

707%

orem. $21%

United Theatres... 8.

B. Ind. G. Bonds...

H.K. Govt. Losna..... 3102

Wallace Berper

China Sports Ltd...

$200 H.K Wing On...

S'hai Do

47

$$

$102)

$202

152

Asia Lands Limited

Gloucester Building Tel. 28380. We offer you a complete brokerage

rvice 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 Agente

John H. Ferguson & Co.

32, B. C. Shameen.

Tel: 18624.

of unforeseen circumstances to look for continued improvement in your own company's affairs

LONDON, May 18.

In a reference to the company's Having regard to world depres-interests in rubber plantations he .sion last year, the premium

in. foreshadowed that their... “all-in“. come of the Commercial Union As costs would be reduced in the near surance Co. may be said to have future to less than 1. per lb. kept up very well. Net fire pre- landed London. He urged that bo miums were £8,018,358, and al. Government had the right to im though this showed a decline of pose a restriction scheme which £207,803, it must be borne in mind would penalize the efficient pro that a substantial proportion of ducer in order artificially to assist income is derived from the U.E.A the inofficient. where conditions were even Worle than in 1931. No transfer is made from this department to profit and loss, which was credited with a fire profit of £250,000 a year ago.

here

B.I.S. AND GOLD STANDARD

HONG KONG STOCK EXCHANGE

YESTERDAY'S OFFICIAL

QUOTATIONS

It has been an extremely quieti morning this morning, except that some interest was 'taken in Cements, which after declining to $7.00, at the close recovered to 873 bid.

Sales.

Underwriters $2.45, Hotels $7.15.

Hong Kong Lands $77.

Hong Kong Trains $21.80.

China Lights (Old) #12.85.

· Electrica $731-73.

Hong Kong Ropes $8.

Government Loans 2 por cent.

Premium.

Buyers.

Bank of East Asia $08.. Canton Insurances $1,440. Underwriters $235.

Hong Kong Fire Insurances $235. Veils. Goldfields $4). Providents (Old) $3.80. Providents (New) $1.35. Hotels $1.10.

Hong Kong Lands $76). Ewn Cottons Sh. 815.10. Electrics $73.

Lane, Crawfords #4.60. Constructions (New) $1. Government Loans 2) per cent

Premium.

Sellers.

Hong Kong Steambonte 22. Cements (Combined) $8.

Last summer, when the Bank for International Settlements stirred In the marine department, net up controversy by resolving that premiums decreased by £148,650 to the gold standard remains the £367,098, the transfer to proht and best available monetary mechanism, loss of £150,000 comparing with and the one best suited to make £200,000 for 1931. Net accident possible the free flow of world premiums declined by £684,473 to trade and of international financ- £7,161,133, and

noing," the view seemed to have only again

Events have doubt results have been affected by academic interest. conditions in the U.S.A., which moved since then in unexpected was described by the chairman last directions, and emphasis has been year as being "the black spot. given to the reasons which This department, however, has conduced that unanimous opinion.

In their third annual report the tributed £150,000 to profit and loss, as against a reverse movement of board cogently point out that the World Conference approaching £190,744 in 1931.

Net new life business at will afford an opportunity to the DIVIDEND OF 10 PER CENT Governments to £3,985,863 was only £47,839 short various

pro-

Irame'

PEAK TRAMWAYS

CO., LTD.

The report of the Directors of the of the 1831 figure, while the life their economic and monetary plans, fund was raised by £1,334,154 to but that the major political pro-Peak Tramways, Co, Ltd. for the

EUROPE VA SUEZ

AMERICA SUEZ.

Thi

TO CALIFORNIA

13

TO NEW YORK LARAVIMA

STRAITS AMANDIA PresideN TO SEATTLE VICTORIA

INTERPORT.

Liners

INTERPORT

Weekly Sailings Transpacific

REDUCED ROUND TRIP FARES

On Sale from JUNE 1st

to

JULY 31st

With Return Limit to

September 30th

Hong Kong to

First Class Tourist Class

Honolulu and Return Victoria and Return Vancouver and Return

.G$ 360

G$ 196

G$ 492

G$ 240

G$ 492

08 240

Seattle and Return

G$ 132

G$ 240

San Francisco and Return

G$450

G$ 240

Los Angeles and 'Return

G$ 450

G8-246

Apply for further particulars.

DOLLAR STEamship lineS

AMERICAN MAIL LINE

FEDDER BUILDING-HONGKOSG.

CANTON BRANCH:-4, SHaxes Road.

PACIFIC ORIENTAL

MONTHLY CARGO AND PASSENGER SERVICE

M.S. "SELANDIA" Sailing on or about

£50,600,509. As announced recent blems must be solved before there year ended April 30, 1933, to be M.S. "SELANDIA'

Hong Kong Hotel, Hong Kong, at 11.30 a.m. on Friday states :—"

The net profit for the

ly, the total surplus disclosed by is a re-establishment of confidence presented to shareholders at the in international affairsa without annual ordinary general meeting the quinquennial valuation Was £2,041,673, of which £1,820,182 is to which a recovery cannot be ex- of the Company, to be held at be divided. On the issued and paid-up share capital of £3.540,000 a total dividend of 41 p.c. is paid for the fifth consecutive-gear. DUNLOP RUBBER MEETING

Sir Eric Geddes, the chairman of the Dunlop, Rubber Company, delivered a hopeful speech at yes terday's meeting of the company He thought be detected a little more spending power among the people of this country-for in stance, large increase in the sale of cycle tires, and a notable swing over from the purchase of second- grade golf balls to the purchase of a first-grade ball. The resistance to buying was certainly not 30 strong as it was, say, one year ago. On the company's own position, he said:-

There has been a definite im- provement in the United Kingdom thers has been an improvement in our foreign export trade; there has been a very definite improvement in trade with our Dominions, bar so far as the world at large is

pected. Assuming that some agree. ment can be reached, a return to the gold standard is consequently desirable.

and

But, as they pertinently urge, this standard will work no better in the future than in the past if the unregulated anarchy which has prevailed in its application the short-sighted individualism which has been practised in its operation, commence all over again. The defection of America adds one other nation to the list of those who will subscribe to the need for stable monetary standards.

EAGLE OIL DIVIDENDS.

twelve months, after deducting Directors! Fees and general man- agers remuneration, and making provision for depreciation amounts to To which has to be add- ed the balance brought from last

!!

880,010.00

forward

necount

11,550.64

Making available for

appropriation

follows:-

871,001.73

The Directors recommend that the The Mexican Eagle Oil Company amount" available for distribution, have declared on the First Preiz.: 871,004.70 be allocated as ference share capital a dividend os 25, 9.6d. for every ten shares of 4 pesos ench in respect of each of the two half years ended October 31, 1931 and April 30, 1632, mak. ing 58. 7.2d. in all for every ten shares, payable in London on May

15.

concerned, the beginning of 1933 Canadian Eagle Oil Company finds conditions apparently as con- have declared on the First Pre fused and difficult as ever.

ference share capital a dividend of

Pay a dividend of 10% on 23,000 shares" fully paid up Pay a dividend of 10% on 30,000 shares as paid up Transfer

Fund

$23,000.00

$5,000.00 to Reserve

9,139.70 And Carry Forward.... 12,405.03

$71,604,73

Moreover, we are, handicapped 48. 24d. for every ten shares of

3 Canadian dollars each in by the burden of taxation, and

Mr. Davies, Mr. A. B. especially so by the inadequate al pect of each of the two half years Stewart and Sir Elly Kadoorie lowanes for depreciation and obao-ended October 31, 1931 and April

resigned from the Board during lescence of plant. In the Budget 30, 1832, making 28. 4-8d. in all, the year and the Hon. Mr. 0. the Chancellor gave no taxation payable on May 15. relief of importance to the indus The question of relief from Gordon Mackie, Mr. R. Gordon trial company, and it is profound. United Kingdom income-tax in rea- and Mr. H. Kadoorie were invited In accordance with Rule 95 (a) ly disquieting that the spring of pect of the deduction of Canadiano fill the vacancies. 1933 finds the burden as heavy on tax is receiving attention, and it our backs as it was in the spring is hoped that in the event of re of the. Articles of Association, the Tung, Mr., J. Scott Harston, Hon. of 1832. I looked in vain for any lief from United Kingdom income present members, Sir Robert Ilo tangible suggestion that expendi- tax being due in respect of such Mr. C. Gordon Mackie, Mr. B. ture would be substantially reduc- deduction, it will be possible to Gordon and Mr H. Kadorie retire, arrange with the Inland Revenue For the current year the results for the amount of the relief to be but being eligible, offer themselves of our operations are satisfactory paid to the paying agents in full. for re-election. compared to the corresponding Repayment would then be made to period of the year under review. I the shareholders who bays collect think there is reason in the absence ed the dividends now being paid,

ed in the near future....

THE EXCHANGE MARKET

MESSRS. ROZA BROS.. REPORT

i

August delivery. The market clos ed with sellers at 1/4 95/32Jume: and 1/4 10/10 July, buyers at 1/13 higher respectively:

Gold Dollars.

A couple of transactions were arranged early in the morning at 271 for cash. The market closed with sellers at 27 15/16 June and Moesia Roza Broś, have forward- 28. 1/18 July, buyers at 1/3 higher ed us the following Exchange

respectively. Market Report for yesterday:-nik

"Yen, s Silver prices were unchanged

Merchants were quoted at 112 yesterday, the quotations remaining for near delivery, at 18 18/18 for Ready and 19 for Forward Silver advices reported

the market us being featureless.

The Continent operated both ways

Shanghal Dollars." Were quoted at 1104 for cash.

Bhanghai,

Early advices indicated sellers at

The tone was steady, The Ameri-1/3 but towards the close" sellers. cán Barket was closed yesterday. were indicated at 1/3 for near,

The London-New York rate was buyers probably at 1/16 higher. quoted at. 3.99

Market, Dill.Opened with indications of easiness but later armed up fol lowing Shanghai,

Dm C Sterling.

There were sellers after the open- ing at 1/4 11/16, buyers bidding 1/4 23/32 Lator sellers came out at 3/4:23/32, 1/4, 1/4 5/22, leading to a small business at 1/4 27/32, for

Montevideo Bombay

Shanghai Hong Kong Yokohama Silver (Spot) Silver (Forward) War Loan 3%"

The accounts were, audited by

Megara. Lowe, Bingham & Matthews and Messrs Linstead and Davis, who offer themselves for re-election.

LONDON STOCK MARKET

(BRITISH WIRE/ESA BERVICK. ↑

Rugby, May 30,

Paris New York

Montreal

Brussels

FOR MANILA. . ...

FOR SAN FRANCISCO, ETC.

10th JUNE

via SHANGHAI 20th JUNE

CARGO AND PASSENGERS ACCEPTED FOR MANILA, AND

SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC. THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.

Excellent Passenger Accommodation

Passenger fare Hongkong/San Francisco G8120 (1st class only)

For Freight and Passage, etc, please Apply to:

The East Asiatic Co., Ltd. The Chinese American Shipping

Company Agent:

Agenta:

JOHN MANNERS & CO. LTD.

HONG BLING

Oficer MERCANTILE BANK BUILDING (TOP FLOOR), 7, QUEEN'S RD., CENTRAL,

TALSPHONE: 24071. :|

NEW YORK STOCK EXCHANGE

ASIA LANDS, LTD., QUOTATIONS

(INCORPORATED IN HONG KONG.)

Tol. 28380-Gloucester Building, Room 308

[NHUTER'S' AMERIČAM ČERVIR]

New York: May 20. Dow Jones Averages;

30 Industrials 20 Rails

High-- 1932 88.78

Low: May 97. May 29.

41.22 89,61

Change

00.02

Atup

20. Utilities 40 Bonds

41.30 -36.11

- 13.22 13.28 ---

42.04

66 up

16.53 99.51 29.03

83.20

.41 up .01 mp

66.78 83.30 83,31

Asia Landa, Limited, has received the following report from their New

York correspondenta, E. A. Fierce & 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 Pennsylvanis Hailway, with quite a little profit-taking. As regards, 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. Statistice are bearish. Cotton: Cables caused a 75 cent recession, early on, which attracted fresh buying. Silver advanced 30 points at the opening and sttracted profit-taking, which force prices to the previous close. Trads and banks bought. The market is closed tomorrow. *-* Business Dones 8,960,000 shares.

LAST SALE

HIGH

1939 Div. 4.

LOW PERBELLA

90% 3.00 Air Reduction

6.00 Allied Chemical & Dro

-299-04:00 American Can

42

(137)

Amèrican Smelting

9.00 American Těl & 5.00 American Tobacco

Anaconda Copper

2.00 Auburn 160 Borden Company"

Canadian Pacific J.-I. Casti kaupad 2.00 Chase National 1:00 Chrysler Motors 4.00 Consolidated Gas

3.00 Drīzu, Log, a

2.00 Da Pont de Nemours

3.00 Eastman Kodak

8415/18

3,90

4.50

24.00

208

Genova

14.31

65

Amsterdam

8,30

*Milan

Berlin

14 31/32 (1)

Stockholm Copenhagen

19.80

29:45

671

[Oslo

Vienna Prague ... Helsingfors Madrid

19.23/32 30 nem.

920

30

110

500

108

1/2 13/16 18 15/10

Bucharest Belgrade Buenos Aires *Ro

565

15%

245

804

4.00 gett & Myt 1.00

42) official

378

41 nom.

08 5/16

(Continued on

34 pôm/ 781/6 6/64/4/15 Lisbon

AYƏTZINAKAthens (1

6% ■ Electric Ford & Share DW General Electric 2:00. General Foods

General Rotors

Let Gillette Safety

00- International Hi $7,00

International

May 27: May 20,

$811 6801:

100 1048

34

15

bid 201-bidl