DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE.
Buyers Boiler Baire Wominal
SATURDAY,
HONG KONG DAILY PRESS, MONDAY, JUNE 12, 1933.
MONEY AND MARKETS
SHAREBROKERS” · ASSOCIATION.
Bellary
Bayon
Sim
JUNE 10.
HONG KONG STOCK
“HIGHLY DANGER- OUS TO MALAYA
$1,735
213) 234
Proposed Buffer Pool"
$17.20
Banks
401
Chartered Banks ....
$1,7401
1.740/50
H.K. Banka
21281
Do. (London)
14
ERAL 201
Mercantile Bks. “A”
$98
Bank of
$20
$1,450
$525
***
$321
Dost Asia... 396
N. C. & 8. Barks s.
Am. O. Fin. Corp:
$5.40 Ch. Fin. Corp, Ord. 8. Pref. 8 78.00
Do.
Insurances
**
$1,436 32,40
Canton Insurances..
38.40
Underwriters......
527/15
Union Insurances .......
1695
China Fires
5870
H.K. Fires...AKETTIN
$590 3200
201
4.75 International Assce, 8.
Shipping
Douglasea
$31
122
Steamboats
$32
$30
Indos (pref.)
$30
$30
Do. (def.)
$30
18/8
Shell .....
49/-
$10
Waterboats
315
Mining
$331
Benguets.
9341
Venezuels Gold Fids.
#4+
$4.60
Kailans
33/2
25/
15
$15
TH
$21
하
$9,80
LM
12/
810
31 cts.
⠀ ⠀ ⠀ ⠀ ⠀ ⠀ ⠀⠀⠀
$3.49
$11.40
$16
umi uninga
$7.05 $7.16
$77
**
www
5138
(single) 9.
Lorations.......
Shanghai Loans iÈ.
Tronch Mines pén
Bengast Explorations
Docks, WhareDA,
Godowns, eto,
H.K. & K. Wharres.
Providente (old) ... 3390
. Da. (new)
H.K. & W. Docks..
S. Chips Motors A
148 Shanghal Docks S
New Engineeringa
Hongkow...
Buildings
$10
16
Do.
$130
品
34
31 46
F
! ! !ដ៏ឌ !
$149
1331
Lands, Hotels, and
H.K. Hotels
$7.10
H.K. Landa.....pre .8.
#781
$931
Shanghai Landa... 9.
$14
Metropolitan Lands..
$8
6142
***
ALL
$137
$140
$20 $:7
$14.75 14 70/76
HK. Realtics......LA China Do... Do. Debenturess.
Humphreys
Jantek
Asia Realtics "AS. Do. "B"8.
Chinese Estates.......
20:
#18
$27
-
Wing On Textiles(8.) 195
***
$8.05
Casa
13.
**
14.85/ 14.80
*110
$141
***
Cotton Mill
Ewos
$109
S'bai Cottons....S.
$14
Zoong Singe
S.
$85
Public Utilities
$21.70
<
Tramways
$31.70 $22
1911
$151
Peak Trains (old) .......
$15
$71
Do. (new)...
82/924
Star Ferrice*******|
$921
92/491
$28
Yaumati Ferries
$13
China Lights (old)
$99 $138
312
Do.
(now)...
HK. Electrica........
$73
Macao do.
$104
Sandakan Lights ...
130
29.60/70
Telephones....
$28.90 $291
#111
China Buses.....8.
1/
Tractions
J3'-
Do. (pref.)......
Industrials
$15
Malabon Sugar! ...
+4
********
16
$7.70
70.40
Do
SIL
18
Ropes
(old)...
•
$20 Caldbeck, Yord.) 8.
$16
Macgregoraprel.)8.
Canton Ice
Cements (comb.)... $7.6c
Do. (new)...
Miscellaneous
Dairy Farrux
$15
MARKET
YESTERDAY'S OFFICIAL"
· ́`· QUOTATIONS
$258,000,000 INVESTED IN P.I.
UNITED STATES STAKE
Hong Kong Stock Exchange Off-WARNING BY CHAIRMAN OF investments cial Summary 10 a.m. Saturday, June 10.
The market was distinctly off colour this morning in the lower priced issues, Hotels, Coments and Lights all being on the easier side. Investment issues were also slight ly easier owing to higher exchange,
Sales.
Hong Kong Banks, 81,740/1,750. Union Insurances, 8527/595. H.K. Fire Insurances, 8210. Langkats (Single), Sh.815, Shanghai Explorations, Sh.24. Shanghai Lonns, Sh 83.
Hong Kong Realties; 88. Ewo Cottons, Sh.814.70/142. Hong Kong Trams, 8213. Star Ferries, 802/02). . Telephones, 891/29.70. Lane, Crawlords, 84.80/4.55.
Buyers.
Hong Kong Banks,, $1,740, Canton Insurances, $1,450. Union Insurances, 3325. Douglases, $321.
Docks 818. Providents (Old), 83.80. Providents (New), $1.40. Hotels, 87.03. Humphreys, 813). Electrics, $73.
Dairy Farms, $).
Govt. Coans, 3% Prem.
Ballers.
H.K. Steamboats, $22. Raubs, $10.
Benguet Explorationis 31 cents.
Hotels, 87.15.
Hong Kong Lands, 877..
Ewo Cottons, Sh.814). Yaumati Ferries, 828. Telephones, $30,
Lane, Crawfords, $4.00. Constructions (Old), 84. Constructions (New), $1,
THE EXCHANGE, MARKET
MESSRS. ROZA BROS., REPORT
TIN COMPANY. “
Interesting views on the tin posi. tion were expressed at the 19th manual meeting, in London, of Idris Hydraulic Tin, Ltd., by Mr. CV. Thomas (the chairman of the company) who presided. He said: Although the results of the year's working are disappointing, the shareholders may rest assured that we have a valuable mining property and well equipped, and that when restriction has ceased, with a rea sonable price for tin, satisfactory, if not large, profits will be secur-
ed.
IN THE ISLANDS
Washington, June 8.-American the Philippine Talands are estimated by the Bureau of Insular Affairs at $988,000,000, but the Department of Commerce in recent trade circular fixed the total at $180,000,000;
The lower estimate made by the Department of Commerce, however, is not a contradiction of the War Department figure but merely re- presents a different interpretation of what constitutes American capi tal.
Senate debate on the Hare-Hawes- Cutting bill in 1832 similarly re- vealed wide differences of opinion concerning the extent of American interests in the islands, but new light is thrown on the matter by the current publication.
---
the two
Now, with respect to the all-im-Difference between portant question of tin restriction. estimates is due in part to the The present agreement terminates fact that the compilation of the in August, 1934, and the question Department of Commerce is based as to what should be done after that upon capital investments of Ameri enn residents in the United States, date has already come up for con-exclusive of American citizens per- sideration. There are two sections, manently residing in the Philippine one of which wants a decision äs Islands; while the War Depart- BOOK as possible, and the other ment compilation is upon the basis which feels that the decision should of American participation regard be delayed until the situation, ad- less of place of residence," the mittedly now in a state of flux, has circular stated.. somewhat clarified.
!
"...
Under the Department of Com- merce method of computation, Americans have approximately $30,000,000 in direct investments
870,000,000 and
in Philippine securities, government and corpor ate...
Producer's View. From a producer's point of view, there is no need for hurry, in this matter. The industry bas so often adjusted itself at short notice that
Major Categories. six months notice of the future
olicy should be ample to safeguard, The Bureau of Insular Affairs, its interests There is grave danger however, has placed American that if decisions are made now, the holdings of Philippine bonds at results of the World Economic Con- 8113,085,000. Other major cate. ference, or the discussions on cur- gories of American
DENT
CRISTOBAL
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
To Seattle and
Victoria
Fortnightly sailings on Saturdaye.
"via" Panama
+
Fortnightly sailing on Wednesdays
From Coolidge
June St
Pros. Jackson................. Pras. Hoover .....
July B
July 10
Juna§4. 126 -Pros. Cleveland ... Pros. Taft...daly & Pres, Jafferson
...Jaly $2.
ROUND TRIP FARES TO EUROPE & AMERICA. Specia! through rates to Europe via United States. Dirsot connections with all Atlantic lines. Chaios of rail lines morosa United States and Canada, liberal stop-over privileges for Sight-seeing. Full particulars upon application.
Fortnightly via Suez to Europe & Anterica
Fortnightly slings on Saturdays via Manila, Straits, Colombo, Bombay. Buez Canal, Alexandria, Naples, Gorica, Marseilles. New York and Boston.
Pres. Harrison
TO
Next Sailing
Pres. Cleveland Pres. Harrison Prea. Jackson Pros, Taft
·8.
June 24 Pres. Hayes.......
MANILA
..Pres. Coolidge June 13, 6 p.m.
June 17
Fres, Hayes...
June 24
Pres. Hoover
June 27
Pres. Jefferson ore mo
Ely
1
Connecting with 8.9. MAYON TO CEBU, ILOILO, ZAMBOANGA.
DOLLAR STEAMSHIP LINES AMERICAN MAIL
LINE
· PEDDER BUILDING HONGKONG.
TAC
CANTON BRANCH, BHATE ROAD.
PACIFIC ORIENTAL MONTHLY CARGO AND PASSENGER BEKY(CE
Sailing on or about
11th JUNE
rency and war debts, may prove wete 335,474,000 in manufacturing M.S. "SELANDIA'
that they were premature and that industries, 830,487,000 in mercantila new factors will have been intro establishments; $12,104,000 in real duced which will render a recon- estate, not including agricultural sideration essential. It is conceiv-land; and $10,616,000 in agricul
ture. able that holders of metal may hold Less important fields of Ameri a different view, but the Govern can investment include the follow- ments are concerned only with those ing bank capital, $807,000; mines, holders with whom they have recip-82,609,000; forest and lumber Investments of 86,300,000. rocal agreements under the restric-ing, tion scheme, the rules of which have 343,179,000 in. all other fields were!! been settled by mutual agreement. unclassified.
These totals indicate that Ameri- Apart from the question of the date at which a decision should be can investiments in the Philippine made as to what should be done Islands have been conservative as after August 1934, there are the compared with investments in Latin American and other countries, sug terma on which any agreement geating the careful management of may be made should be based. Or financing by the War Department the main question I feel that it and the Philippine Insular Govern- would not be in the best interestament. of the producing industry to con template, at this stage, the, ubau donment of restriction, but it might
Messrs. Roza Bros. have for- warded us the following exchange market report for Saturday:-
Silver prices ruse 3/10 yesterday for both deliveries the quotations being 19 7/10 for Ready nad it for be better to face oven this issue than to enter into an agreement which Forward. Silver. advices attri buted the rise to speculative buy-did less than justice to the claims
of all the parties concerned.
ing. The Continent sold. America also bought. The tone as the close
$11
39;
Vis
$281
$123
$11
$4.20 .90 ct
Do, (now)
Lane Crawfords...... Mackinwahs......... Nanyang Tobacco...
Sinceres....... Watsons................ 304
Wm. Powells
$4.85 4.80/4.85
3121
Der & Wings********| Amusementa
318
#4
Ch. Ftainments....... Constructions, (old)
31
$4.90 $4,80/85
21
$14
810
$2.10
$10
C. Enterprises
M. Greyhounds..............
11
United Theatres... 8.
70%,
B. Ind. G. Bonds... 73,
pren
Wallace Barper *****
$190
S'hai
H.K. Gort. Loans | #103
China Sports Ltd '.....!
A.K Wing On........... Do
$155
$103
$13.80
$1.50
$2
+
$190
Asia Lands Limited
Gloucester
We offer
ding
Tel. 28380.
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.
B. C. Shameen.
Tel: 18624.
Case for Revision.
The Goose."
When the depression hit Wall Street at the end of 1829, the Amer- can Goose had already laid the fol in the form of governmental or cor lowing "golden eggs" in America "porate issues in a period of 18 years since the outbreak of the World For Canada-Government issues,
$1,136,534,000:
corporations,
rather uncertain. American,From data submitted to me I don-War: Silver was quoted at 36.00 for near. sider that there is a prima facie
New York advices reported the case for a revision of the ceeential 2,11,308,000 for
For Argentina, government, 8079,- closing rate at 4.12. The market terms in the light of the experience
of the past two years. I am toldose,000; corporate, 883,675,000; for was firm.
that if the rate of output at the Brazil, government, 8393,882,000; end of 1929 is taken as the datum, corporate, 324.985,000 for Chile and without regard to the then government, 8304,226,000; corpor- $180,000,000 for Colombia, potential production, and basing ate,
↓
With the exception of the Shang hai rate which was unchanged at 109 and the Bangkok rate which was lower at 134, other rates were cut up.
Market.
corporate,
the question of assessments of the government, $172,082,000; corner- four countries,, it could be shown ate, 817,188,000; for Cuba, gov. that the existing assessment to ernment. 8105,200,000 Malaya of 68,386 tons should be $472,092,000. Steady but later firmed up fol-substantially increased. lowing Shanghai.
Sterling.
It must not be overlooked that the international agreement for re- striction is a producer's agreement, and any study of the basic tonnages must be made from the point of View of the producer and of the interests of the trade of the respec-
The True Position.
The market opened with sellers at 1/5 leading to business almost im- mediately at 1/5 1/16 for June followed by transactions at 1/5 13/32 for second half June/July, tive countries.
1/5 second half June, 1/5 5/32 July, 1/5 5/32 second half June and 1/3 8/10 second half June. The market closed with sellers at 1/5 3/18 June, 1/4 7/32 July and 1/3 August, buyers at 1/3% higher respectively.
Gold Dollars,
No business was reported, Thers were sellers.early in the morning at 295/16. but towards the close 29 9/16 could have been obtained for June and 29 11/18 July, buyers probably at higher.
In this connection my attention has been drawn to an article in the April number of "Tin," I believe the official publication of the Anglo Oriental Mining Corporation, en- titled "A Malayan Fallacy," and a reply to that article in the car rent number of the Mining Journal The article and the letter deal with questions of fact. It must surely be demonstrable what the true position is, and I venture to think that there should be no.room for a difference of opinion on facts such as is represented by these two documenta
Yen.
The question of the international Merchants were quoted at 113 for assessment is one on which the de- near delivery.
Shanghal Dellars.
„Were quoti
ted, it delivery.
110% for near
Shanghai. Firm. Bellers were indicated at 1/3 7/16 "July with business donc at 1/3 July..
that the industry will unite in order to furnish these delegates with case which they can represent without reservation ?
a
Proposed "Buffer Pool."
The existence of the official pool is a matter of common knowledge, and there is, or was, another pool, not so for as I am aware officially. connected with the International Committee. I have heard rumours that proposals have been made for the formation of yet another pool, which I have heard termed a buffer pool," but as between whom this buffer would operate "I do not know.
The idea is apparently that the FM.8.. Government should take a share of some thousands of tons io. this pool. If I were interested in the existing pools.I can imagine myself being an advocate of this buffer pool Be that as it may, venture, the opinion that if the légates on the International Com-Government, pees fit to take an in- mittes have a right to expect that terest in such a pool it would be the industry will give a clear lead. a highly dangerous experiment and The Malayan delegates are not might easily prove bostile to the directly interested in the industry,permanent interests of Malaya I and are there as advocates whose should have thought that the experi sole desire is, adequately to represence of countries who have adopted sent the views of producers, espera aumilar policy in other directions cially on this primarily important would have satished any. Govern- question. Is it too much to expect ment that it is not its function to Continued at foot of next Column) be concerned in market enterprises,
"
FOR MANILA.
FOR SAN FRANCISCO, ETC 20th JUNE
via SHANGHAI SAUSA
CARGO AND PASSENGERS ACCEPTED FOR MANILA, AND SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC. THROUGH BILLS OF LADING 158UED TO OVERLAND POINTS.
Excellent Passenger Accommodation
Passenger fare Hongkong/Sen. Francisco 68120 (1st class only)
For Freight and Passage, etc. please Apply to:
The East Asiatic Co., Ltd. The Chinese American Shipping
Agents i JOHNMANNERS & CO. LTD.
Company Agent: HONG SLING
Office: MERCANTILE BANK BUILDING (TOP FLOOR), 7, QUEEN'S RD.; CENTRAL, TELAPHONE : 24071.
NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG)
Tel. 28380 Gloucester Building, Room 303.
New York: June 10. Dow Jones Averages:
30 Industrials
20 Rails
20 Utilities 40 Bonds
Bigli-1929
Low: June 0. June 10.
Change
88.78
41.29 04.20
04.42
13 up.
41.30
13.23:43.00
49.98
.02 down
3611
83.28.
· 16.53- 34.517 0576 81,84
35.38
,85 up
84.48
18 down
Asia Landa, Limited, has received the following report from their New "York correspondents, E A. Fierce & Co. We think that small irregu larities did not signify much. We would look for strength rather than weaks in the early part of next week Whest: The crop report is construed as slightly bullish. Eastern buying absorbed the heavy profit taking. The strength of the other markela, higher Sterling and influential Cotton Trade and speculative buying lent a strong tone but Wasb- heavy realising caused reactions from the high levels reached. ington developments have been the chief incentive. Silver: The small gains have been well maintained until the market closed: Commission Houses have been the principal buyers, making commitments on near- by positions for transfer, porward. Business Done: 2,780,000 shares.
1932
·LOW PER SE
HIGH
DIV.
651 30 3.00 Air Reduction
941 42 6.00 Allied Chemical & Dye -824:
30
1371
·19%
Ba
151 43
29
4.00 American Can?
"American Smelting.
9.00 American Tel. & Tel
34.00 American Tobacco?!! B"
Anaconda Copper Mining
·2.00 Auburn -
1.60 Borden Company Canadian Pacific.
LAST SALE
June 2.. June 10..
8604882
119
117
B27
**92*
38
36
€2
17
17
33) bid:
201
601 #1476*
31
2.00 Chase National Bank
1.00 Chrysler Motors...
682 57
31
4:00 Consolidated Gas of N.Y.
22
3.00 Drazz, Inc.
29
2.00 Du Pont de Nemour's “....................
52
871
381
3.00 Eastman Kodak ......
80
48
B
6%
Electric Bond & Shar
·947
301
0.40 General Electric:
2.00 General Foods
371
38
1.00 General Motors
21
10 Gillette Bafety..
15
414
34
30%
108
116) - - 111 bid.
801
37
0.00 International Harvester $7.00
International Tel.
3414.00 Liggett & Myers
1.00
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