1933-06-10 — Page 13

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE.

Buyers Bellera Bales Nomina!

81,726)

SHAREBROKERS'

ASSOCIATION.

FRIDAY.

Buyers

Bellare

Balenomina

JUNE 9.

1,7324

***

2127

Banks

II.K. Banks

"Do. (London).....|

Chartered Banks

Mercantile Bks. "A"

Da.

$1,730

213F

£14

£24

£24

£92

108

Bank of East Asia... $90

N; G. & 8. Backs ...

$20

Am. O. Fin.Corp: 8.

$1,450

19.40

3525

Union Insurances .......

China Fires*******

$27

15.40 Ch. Fin. Corp. Ord. 8.

35.40

Do Prel. 8

Insurances

Canton ATICOS .......

Underwriters

H.K. Fires....

$4.75 International Arsce. S.

Shipping

Douglases

Steamboats

ኑ!

#92

$30

Indos (prof.)

330 18/0

Do. (def.)

Sheila

3::;

$10

3. cts.

Waterl-on us

Mining

Benguets.....

!!!! fi

$1,43

TH

$2.40

BALD

$590

1280

HONG KONG DAILY PRESS, SATURDAY, JUNE 10, 1933

MONEY AND

MARKETS

HONG KONG STOCK CANTÓN INSURANCE! WAVE OF BUYING

EXCHANGE

WEEKLY REPORT

OFFICE, LTD.

RESOLUTIONS CONFIRMED AT EXTRAORDINARY MEETING

At a further extraordinary meet- On the opening day of the week after the holidays, the tone of the ing of the Canton Insurance Office, market seemed quite buoyant, but held in the Board Room of Messrs. subsequently some irregularity he- Jardine, Matheson & Co., Ltd., yes gun to manifest itself, and thoughterday, the resolutions passed at the there is no material change in rates, extraordinary meeting of May 25, the closing all round is below the were confirmed as Special Resolu-)

tions. The Hon. Mr. J. J. Paterson bost."

Business Done During the Week,

Hong Kong Banks 81,730, 81,732),

$1,740.

534

Union Insurances $520, 8525.

122

China Underwriters $2.40.

$30

Hong Kong Fires $270.

$30

Wharves 8128.

42/

Docks $15/17...

$16

Providents (Old) $3.05, $4.

Hotela, 87, 7.30, #71

$33+

1348

Tramways 822.

546

Venezuela Ocld Fida.

24.50

Star Ferries: $9/02).

32/3

Kailans

25/

China Lights (Old) 813.20,

$15

Langkata (single) 8.

3151

China Lights (New) $12:40.

$2,40

Explorations...... 2.

Smeghai Loans

39.80

12/.

Electrics, 31, $73), 8731, 872). Telephones 89.30, $203.

#207.

-

$3.90 $1.40

16-17

$145

35

Raube Tronoh Minea Benguet Explorations Docks, Wharves,

Godowns, ato.

3128

H.K. & K. Wharves.

$131

Providents (ohl)

13 95

X

Do. (new)1 46

H.K&W. Docks

$18

$10

S. China Motors' A'

38

$8

Do.

"B"

$8

$149 18

SA

#33

3149 Shanghai Docks 9.

New Enginearings.

Hongkaw

Lands, Hotels, and Buildings

1.K. Hotels...... H.K Landa... #70

87.15 $76)

$71

5387 814

Shanghai Lands...S.

Metropolitan Lands..

18:10

H.. nalties......................

8142 5137

Chius Do8.

$131

$140

$7.15

| $15,2815 20

320 $4.

Do. Debentu ess. Humphreys *** Asia Realtics "A" S. Do. "B". Chinese Estates.................

Cotton Mill

Ewos.

$13.30

S!!

18.06

$181

*

1.0

8100

Shani Cotson......

શ:

ยาง

Zong Sings ...

$85

Wing On Textiles(8.) 395

Public Utilities

$29

Tramways | #21].

$131

Funk Trans (old) ...|

$7}

De. (new)...

$15 571

39%

Star Ferrice******* $82

1281

Yaumiati Ferries

$231

***

China Lights (old)...

13.40/13

$121

$*31

$72

30/201

Do. (naw)...

H.K. Electrica

Macao do.

Sandakan Lights...

China Buses......S.

(pref.)......

141

#

$30

Cements (comb.)... 87.70 17.507.85/7.70

Miscellaneous

$23.

1104

Telephones

8112

1.

Tractions

13'-

Do.

Industrials

815

Malabon Sugara

5:0

$20

Caldbeck, ord.) B.

Macgregors pref.)8.

Canton Ice

$6

$7.70

$7 FB

16.40

t

Do. (old)...

行事

$14

Do. (new)...

$14

594

10

Ropes

$18

Dairy Farms

$281

$1

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

$124

Amusements ******

$12

$124

Ch. Etainments..............

$11

31

$4.90

#42) 19ucta $4.80

****

$21

214

Binceres

$13.80

***

$10

Watsons

383

$2.10

$10

M. Greyhounds.......

2

N. C. Enterprises

露

United Theatres.. 8.

70%

B. Ind. G. Bonda...

3

H.B. Gort, Loans... 43

19

Wallace Barper

China Sports Ltd .......!

$190

H.K Wing On

$190

S'hai Do

$155

Constructions, (old)

Do. (new

Lane Crawfords...... Mackintosh........................ Nanyang Tobaco....

Wm. Powells

11

$1.50

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-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

30,

Cements (Combined), 873, 87.70,

$7.05.

Ropes 88.60, 801.

Dairy Farms $28.

Lane, Crawfords $5.

IN U.S.

INCREASED SPECULATION. WORRIES WHITE HOUSE Washington, June 3.-The sudden return of the public to the stock

speculation, increase in markets of the country and the reported to-day to be worrying the Administration: Reports were cir culated in the capital that the President was considering mensures would check the wave of

But there was that

speculation

was

ΠΟ

SUMMER

HONGKONG. TO

Kobe and Return

13

EXCURSION

HK$225

Yokohama and Return HK$255

Tickets On Sale at above Rates

until limit SEPTEMBER 15th.

was in the chair and those present confirmation from the White House. Return Limit 3 Months but in No

Advisers to the Administration' were Messrs. T. E. Pearce, A. H. Compton, J. H. Taggart (directors), are said to have reported that a definite wave of speculation at this F. C. Hall (secretary) and the time might be followed by a decline following shareholders: Messrs. Ho that would undo much of the work Kom Tong, W. L. Mackenzie, M. H. that has been accomplished toward Turner, D. V. Steavenson, Ho Leung, increasing commodity prices. and Mr. M. H. Lo.

Reports from New York, Chiengo Chairman's Speech,

and San Francisco, however, in- Addressing the meeting the Chair-dicated that brokers and traders man said:

were paying little or no attention to the reports. Financial experts in Gentlemen,-As you are aware

New York did not share the fear this meeting is necessary to con-

that a rising market would have firm as Special Resolutions the harmful effects and traders went Extraordinary Resolutions that were about their regular business. Most passed at the Extraordinary Meetof them believe that there is no legal ing of the Company which was held means of preventing the public on the 25th May. I do not think from buying and selling securities.

that the Traders said any further comment is called for and I will therefore put the Resolu. market advances had not resulted tions to the Meeting.

entirely from speculation but were based largely on commodity prices.

That the following Resolution,

Government Loans 2 per cent.namely:-

premium.

Ewó Cottons Sh.815.65. Sh.815,60, Sh.815.70, Sh.$15.20, Sh.414.70-

L

141. Shanghai Explorations Sh.82.40. Changes (3.15 p.m.) Olosing Quotations, Buyers. Hong Kong Banks $1,740, Electrics $73.

Sellers.

Hong Kong Banks 21,730. Ewo Cottons Sh. $14.00.

Sales,

Hong Kong Banks $1,740. Hong Kong Fire Insurances $270. Star Ferrics $02/02),

Ewo Cottons Sb. 814.70/14).

THE EXCHANGE MARKET

MESSRS. ROZA BROS.. REPORT

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

Silver prices rose 1/16 yesterday for both deliveries, the quotations being 19 for Ready and 19 18/10 For Forward. Silver advices re-

ported speculators as

recent

The Administration was repre- "That the existing 10,000 sharesented as being pleased with one phase of the market situation and in the capital of the Company of that was the fact there had been the nominal value of $250 each,

yo move to float new companies and upon which the sum of $100 has place a large number of speculative "been paid up, be divided into issuca on the various exchanges.--

50,000 shares of the nominal valusUnited Press. of $50 each upon which the sum of $20 shall be credited as paid up.

་

་

which was duly passed is an Extra- ordinary Resolution at an Extra- ordinary Meeting of this Company hold on the 25th day of May, 1933, be and the same is hereby confirmed as a Special Resolution.

This was seconded by Mr. Ho Kom Tong and was carried unanimously.

A Second Resolution, The Chairman then proposed "that as on and from the 1st day

SILK INDUSTRY IN KWANGTUNG

OVER 10,000 WOMEN UNEMPLOYED ཅ:,"

The raw silk products of the аго mostly Kwangtung Province exported to foreign countries, hut owing to the poor demand and the fall in prices. future prospects are not encouraging.

On account of such conditions. nearly half of the raw silk flares

The price of raw silk is not ex pected to improve, and the future. therefore, is not very hopeful,

of July, 1933, the regulations con- of the Shun Tak District have been tained in the printed document sub.obliged to shut down, resulting in mitted to the meeting and for the over 10,000 women workers being purpose of identification "subscribed out of employment. by the Chairman thereof be appróv- ed and adopted as the Articles of Association of the Company, in sub stitution for, and to the exclusion of, all the existing Articles thereof." which was duly passed at an Extra- ordinary Meeting of this Company held on the 25th day of May, 1933, bo' and the game is hereby confirm- ed as a Special Resolution.

This was passed unanimously after. Mr. W. L. MacKenzie had seconded having the motion. bought. The Continent sold, The

The chairman: Gentlemen, that tone at the close was steady with, buyers at quotations. The Ameri- concludes the business of this Meet

MORE OVERSEAS TRADE ALL-ROUND INCREASE IN EX- PORTS OF COTTON PIECE-

GOOD.

Total exports of cotton piece- goods during the first three months

of 1933 amounted to 602 million square yards, compared with 563 millions for the corresponding quarter of last year, according to

ar price of Silver was quoted ating and I thank you for your attend-the official record of the Manches-

3 for Spot and 36 15/16 for For-, ance.

: ward.

New York advices reported the pening rate at 4.10. The highest ate done was 4.13 and the lowest rate 4.10

Market,

Steady hut quiet.

Sterling.

The market opened" with sellers st 1/4 20/32, buyers bidding 1/4 31/32 resulting in business at 1/4 15/16 for June/July, also:1/4 31/32 July. The market closed sellers at 1/4 20/32 June, 1/4 16/16 July and probably 1/4 31/32 August, buyers at 1/32 higher respectively.

with

Gold Dollars. Business was done early in the morning at 20 for near and no 01 July: There were sellers at 21/18 June, 20 3/16 July, luvers at 1/10 higher respectively.

Yen. Merchants were quoted at 112 for near delivery,

".

Shanghai Dollars, Shanghai dollars were quoted at 110 for near delivery. Shanghai,

Early advices indicated the mar ket as being firm with sellers at 5/16 for nens delivery. Later advicce indicated the market as being a shade easier with buyers at 1/3 5/18, sellers at 1/3 for near,

IN THE AFTERNOON

The market was quiet in the afternoon..

Sterling.*** Business was done at 1/431/32 for July, second half July and August, finishing with sellers at 1/4 29/32 June, 1/4 15/16 July and probably 1/431/32 August, buyers at 1/92 higher respectively.

Gold Dollars.

SIAM COMMERCIAL BANK

Ex- tor Chamber of Commerce. porta during March alone were the largest for any month since May,

1930.

in-

Siam Bangkok, May. St.-The

All classes of cotton-pieco goods. Commercial Bank, Ltd., has issued shared in the increased export its balance sheet for the half year trade resulting from a bigger de

uded March 31st, 1933. The result mand from several markets, of a careful check by the auditors cluding British India, Argentina, and the management shows that British. South and West Africa, further revision should be made for Australia, and Switzerland. doubtful accounts, and this problem has now been tackled. On the under- standing that Tes. 700,000 be traes

ferred to the reserve for contin- gencies, the auditors have agreed to delete from the balance sheet the statement appearing since Septem- ber 1931 that doubtful debts in(IN excess of those already provided for are covered by the published re- serves, a statement indefinite as to how far the total reserves of the bank were impaired. By this transfer the Statutory reserve of the Bank may now be considered free..

J. AND P. COATS

TOTAL DISTRIBUTION 12) PER CENT.

(Special Air-Mail Service).

:

EXCHANGE

CLOSING QUOTATIONS

June 9, 163.5" LONDON. Telegraphic Transfer... Bank Bills, on demand Bank Bills, 4 months'

sight

....

Credits, $ months'

sight

ON NEW YORK:

1/03

Bank Bills, on demand 283 rim Credits, 60 days' sight, nom ON PAR18:

Bank Billa, on-demand #75 Credits, 4 months' sight #274 ON INDIA:

LONDON, May 25. On Demand ....................... TEB The eagerly awaited report of J. ON KOBE:- and P. Costs was issued early yes- On demand terday, and sent a decided Butter On MANILA:-

On demand through the textile market. The profits are the best recorded in the ON SINGAPORE past three years, and fully justify the loyalty which most shareholders Ox BATAVIA: in, this concern have consistently demonstrated, Sellers of Coats ON SAIGON stock are never numerous. Prices. more widely only when buyers are On BANGKOK:--- On demand in the market.

SOVEREIGNS, Bank Buying

Rate

Case beyond OCTOBER 31st.

STOPOVERS ALLOWED AT ANY PORT OF CALL WITHIN LIMIT OF TICKETS.

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINË

FEDDER BUILDING HONGKONG.

CANTON BRANCH, SHAKER 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, ETU." THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.

Excellent Passenger Accommodation

Passenger lare Hongkong/San Francisco G8120 (1st class only)' For Freight and Passage, etc. please Apply to:

The Chinese American Shipping

The East Asiatic Co., Ltd.

Ågents :

JOHN MANNERS & CO. LTD.

บ

Company

Agent:

HONG SLING

Office: MERCANTILE BANK BUILDING (TOP FLROR), 7, QUEEN'S RD., CENTELI, TELEPHONE: 24071.

NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS

او

(INCORPORATED IN HONG KONG.)

Tel. 28380-Gloucester Building, Room 300.

New York: June 8.

{XKUTER'S AMERICAN SERVICH)

Dow Jones Averages: High-3932 Low: June 7. June 8.

30 Industrials.

20 Rails

20. Utilities

40. Bonds

88.78

41.22 52.98.

41.30

13.22 43.53

36.11

16.53.34.22

83.20

65.78 81.62

Change

93.62

.64 up

43.04

34.22

84.77

.49 down unchanged .16 up

Azia Lands, Limited, has received the following report from their New York correspondents, EA. Pierce & Co. We think more people lock for a reaction now than at any time since the market soared up. In other words we believe there has been heavy profit-taking. In the face of this it is admitted that the list stood up remarkały well. We have been expecting a reaction for the past week and we have reached the stage where we think it is anybody's mere guess. There is plenty of bullish talk as regards Utilities, particularly the issues of the Eastern operating companies Wheat: bold higher early in the session on bullish crop news but, in the afternoon, eased in sympathy with the weakrieen of securities. Cotton: Speculative ardour has been dampened by the absence of definito news on the acreage question. The Trade absorbed the liquidation at the decline. The foreign markets Lave been weak. Bilver: The initial sharp advance attracted beary realis ing and bank selling for the balance of the session. The bulk of the demand has come from speculators."- Business Done: 6,630,000 shares. ||

1020

160

1932

Drv. HIGH LOW PER. BH.

LAST BALE

Jure 7. June 8.

30% 3.00 Air Reduction

Telegraphic Transter..... 1ə: | Bank, on demand

.94

821

203

42) 6.00 Allied Chemical & Dye Ore

4.00 American Can

114

#704" 110

9Z

: 92

ON SHANGHAI :---

30

5

American Smelting........

38

301

1378

70: 9.00 American Tel. & Tel.......

120€

121

801

5.00 American, Tobacco "B"

19

3

Anaconda Copper Mining

-17층

171

501 năm

·1511

281

2.00 Auburn

67

431

-18

1.60 Borden Company

33

334

Canadian Pacif

10

354

On demand

On demands in 184

បទ

183

174

2.00 Chase National Bank

za bid: 331 bid

6 1.00 Chrysler Motors

94

24

31

4.00 Consolidated Gas of N.T...

68

579

On demand.

8.00 Drugs, Inc.

-871

2.00 Du Pont de Nemours

70%

·70·

692

67%

351 2.00 Eastman Kodak

83+

81

B

6% Electric Bond & Share .......

48

201

0.40 General Electric

24

191

2.00 General Foods

331

401

7

1.00 General Motors

..27

27

10

1.00 Gillette Safety

15

15

342

10

0.60. International Harvester .....

108

687.00

(Preferred)

130 bid 110 bid

28

194

804

34

371

21

The profits for the past year, after allowing for depreciation, amounted to £2,259,100, against BA SILVIE, per os. ........ £9,094,388 for the preceding twelve months and £1,800,851 in the year earlier. The directors have résoly-

ed to pay a bonus of ed par 1 price was run up to 62 as soon a Nothing doing. The market clos-of stock to the Ordinary sock the figures were made known. The ed with sellers at 291/16 June and holders. This was a prospect which bonus brings the total distribution 293/16 July, buyers at 1/8 higher was mentioned in these notes at for the year up to 12 per cent., the end of last week The stock and in view of the improving pros respectively.

Shanghai.

made quite a good response to the pects of the textile industry the Steady,

Fellers were indicated report. Opening at 508. 9d, the current market price does not seem

Continued at foot of heat Column) unduly high. at 1/3 for near, buyers at 1/3.

International Tel. & Tel.

4.00. Liggett & Myern B

1.00 Loew's Irela

Montgomery Ward

2.80 National Biscuit 1.00 National City Bank

fee