DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
Buytz Belles Balie Noutat
!!!!1!!!
HONG KONG DAILY
RDAY JUNE 24, 1933.
MONEY AND MARKETS
SHAREBROKERS' ASSOCIATION.
FRIDAY.
Bebera
Sales Homins
HONG KONG STOCK MARKET
THE EXCHANGE MARKET
No JUNE 23.
Banks
Do. (London) |
16.40 Ch. Fin. Corp. Ord. 8.
*H
$1,727
224
WEEKLY REPORT
3.5
MESSRS, ROZA BROS.. REPORT
SUMMER EXCURSION
RESTRICTION OF U.S.HONGKONG TO.
COTTON
BONUS FOR FARMERS WHO DESTROY CROPS
TO REMOVE TWELVE MILLION ACRES FROM CULTIVATION
t
Markets in the past week ruled somewhat irregular, but while some Silver prices dropped 1/18 yester- few issues, such Banks and day for both deliveries, the quota- Unions, suffered a slight setback, tions being. 10 for Ready and
WASHINGTON, June 17. as also did Comments and Steam- 19.1/16" for Forward." Silver ad-
The Administration'à elaborate bonta, the liat generally shows an vices reported America and specu- cotton programme whereunder an improvement, the following closing lators as having sold. Indian attempt will be made to stop the higher on the week, namely: Bazaare bought. The tone at the growth of 25 per cent. of the pre- Lands, Trams, China Lights, Hum-close was weak with America offerent crop, will be announced pbreys and Electrics.
ing 1/8 under the quoted rates. In Monday by the Department of The tone on the whole may be America the rate was lower at 35.1/8 Agriculture, it was said in official said to be stendy.
circles to-day. Immediately there after the Administration will ap- ply the new emergency law which is designed to raise the price of raw cotton to pre-war levels and remove 12,000,000 acres of colton land from cultivation.
$1,750
H.K. Banks
2199
£141
Charterei Banks...
£241
Mercantile Bks, "A
Do.
398
Bank of East Asia...
$98
N, O. & S. Barke
$7.20
$20
Am. O. Fin. Corp: 8.
14
36:00
Do Prol. 8
Insurancos.
$310
$300
Canton Insuranoes .......
$295
38.40
Underwritern
32.40
$530
Union Insurances...)
2587
$695
China Fires
3500
3270
H.K. Firos
$200
$ International Ausce, S.
Shipping
$12.60 Douglases
$34
Steamboats
372
Indos (prof.) ........
530
$321
Do. del.
$30
51,3
Sheila .....
481-
Canton Insurances, $300.
$15
$15
Mining
$33
Bengueta......
Venezuela Gold Fids.
$34)
$1.30
33/9
Kailans........
$17
Langkats (single) 8.
I
25/.
$15
Explorations.......
337
$5
Shanghai Loans 2.
啡麵
$3.60
$10
་་
-་
$16
$1,45
NID.
+
Waterboate
Tronoh Mines ****
Benguet Explorations
38 els Docka, Wharyss,
Godowns, sto.
H.E. &E Wharves. $129
Providents (old}
(new) ... #1 40
H.K. & W. Docks
8. China Motors' A'
$228
Da.
$10
$6
Do.
"B
3149
Shanghai Docks S,
$8
New EngineeringsB.
#335
Hongkaw
114
$9.80
+1+
$4 $3.95
...
417
8
$8
$149
#8
! ! !
Lands, Hotels, and
Buildings
H.K. Hotels..... $7.0 37.157.10/715
H.K Lands...
Metropolitan Lands..
$7.10
$781
$77.
$32
Shanghai Landa...8.
$14
19
H.K. Realties.
$:43
China Do5.
3137
Do. DebenturosS.
14.20/130
$140
$20
3.7
Humphreys ******** Asia Realtica "AS. Do. "B". Chinese Estates......
Cotton Mille
$14.70) Ewos
.ន.
S'hai Cottons......S.
Zoong Sings.....S.
$14
Public Utiliting
Tramways
⠀
#!!!
$764
$7.80
!!
Business Done During the Week.
Hong Kong Banks, $1,750, $1,700,
81,750.
for spot.
New York advices reported the opening rate at 4.21 and the closing rato 4.29. The highest rate done was 4.9.1/8 and the lowest 4.19.
Union Insurances, $530, 8533, The market was very erratic.
$325,
Steamboats, $18,
Benguet Explorations, 20 cents. Dacks, 8162
Providents (Old), 83.95.
Providents (New), 81.45.
Lands, 8781, 877.`
Humphreys, $14.20; $14.30.
Tramways, 821.65, "$21.80/21.85. Peak Trams (Old), 815.85, $151. China Lights (Old), $13.10, $13.30. Electrics, $731, 873), $731, 873). Telephonos, 8291.7
Cements (Combined), 87.65, 87.15,
87.
Dairy Farms, $29, Government Loans 3 per cent.
premium.
Changes (3.15 p.m.) Closing
Quotations.
Buyers.
Union Insurances, $520, Hotels, 87.18.
Hong Kong Trams, $81.80. China Lights (Old), $133,
Sellers. Cements (Combined), #7.
Sales.
Union Insurances, $626. Hong Kong Trams 821.50/21.868. China Lights (Old), $13,30, Electries, $73)..
$14.85
$110
Cements (Combined), $7.
2109
834
$14
200
Wing On Textiles(S.) $99
JAPANESE MINED GOLD
$91.00
Peak Trams (old)....
572
Do.
(now)...
$2
Star Ferrios
$92
128
Yaumati Ferrica
21.70/ $1.85
$15 $71
$281
WILL BE SHIPPED TO ENG- LAND INSTEAD OF U.S.
$12.10
China Lights (old)...] $13
13,10/13,15
$124
Do
(now)....
$124
73170
HK. Electrics ... 173
323
Macao do.
$201
1104 Sandakan Ligits...
Telephonos
Do.
"
THE
Cements (comb.)... 7,5
Do. (DOW)...
Ropes
· Miscellaneous
Dairy Farman
Der A Wings........
Amusemente ***
$15
$6
87.18
16
$273
1
THA
8112
China Buses......S..
1/
Tractions
13'-
Do. (pref.).
Industrials
$15
Malabon Sugara
$20
Caldbeck, Yord.).
$16
Macgregors pref.)8.
36
Canton Ices
$7.20
36.40
(old)...
$13
$9
$27
128
#1
3178
1121
Ch. P'tainmente......
$3.80
Constructions, (old)
11
Do.
(new)
84.70
Lane Crawforda........
$21
Nanyang Tobacco...
14.43
314
810
Watsons....
$2.10
Wm. Powells
$13.80 $91 $1.60
$10
M. Greyhounds .................
$9)
ཐ; C. Enterprises
13
United Theatres...
8.
10%.
B
Ind. G. Bonds... 761",
319
grem: 33%
***
Wallace Harper.......
$185
H.K Wing Ou
Mackintosha.......
Bincerea
H.B. Govt. Loans... #103)
China Sports Ltd ...
S'hai Do
$127
$112
$4
.90 ata.
$12
$190
6165
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
TOKYO, June 17. The Department of Finance seews to have decided to ship the gold bullion it buys from local miners to England in preference to the United States, because based on the present rates of exchange shipment to the former country is more pro- fitable. Its purchase quotation will be based on Sterling, instead of the Dollar, in that case:
Easy.
Market,
Sterling,
од
With the exception of the Shang- Farmers who destroy portions of Hai rate which was put up to 110, their present crop will receive a Gold Dollar rate up to 98.7/8, bonus for their efforts and this pay Manila up to 571 and the Bangment together with a contemplated kok rate which was unchanged at increase in the price of the raw product, is intended to compensate 135, other rates were lowered.
them completely for the lost crop.
Cotton cloth will therefore cost the consumer more from the start for the Government intends to tax processed cotton from two cents to There were sellers, after the open-four centa a pound. ing at 1/4.13/16, Buyere bidding 1/4.7/8. The buying rate, however, receded to 1/4.27/32 July resulting in business at that rate for August and September. Later offers at 1/4.25/32 were arranged for near delivery. The market at this point reacted slightly and business was done shortly before 1 p.m. at 1/4. 13/18 July. The market closed at lunch time with sellers at 1/4.23/32 June/July, 1/4.13/10 August and 1/4.27/39 September, buyers bidding 1/30 higher respectively.
Gold Dollars.
The market opened with sellers ab 29.7/16, Buyers at 29.9/16.. Later the buying rate receded to 20.1/2 for nehr, sellers offering 29.7/16 for cash,
You.
The money thus obtained will" pay the bounties to the farmers and will provide a fund which will enable the Government to lease some of the poorer cotton lands for reforestation purposes.
The chief problem of the Agri- cultural Department will be to impose a tax that will supply an adequate bonus fund and still not reduce the demand for processed cotton. There has been an increase in the demand in recent months and while the aim is to get lands out of production, President Roosevelt does not desire that ad vances already made shall be lost.
Under the emergency farm. "act the equivalent of the process tax may imposed on all imported eot. ton.
Farmers who full the Govern. ment regulations regarding sere age reduction may also purchase Merchants were quoted at 110.1/% cotton options held by the Govern-
ment if they wish. for near delivery:
1.
Bulging With Dictatorship. Shanghai Dollars.
In working out the details of the Were quoted at 111, for near de- new plan which has been described in some quarters as "bulging with livery.
dictatorship" the Secretary of Agriculture has attempted to dis turb the present market conditions as little as possible.
Shanghaid Sellers were indicated at 1/31/10 for near, buyers bidding 1/3.1/8 July.
IN THE AFTERNOON. The market was quiet in the afternoon, the tone being they
Sterling.
In sterling a fair amount of busi- ness was done at 1/4.25/32 for June and July and towards the close & small amount was arranged at 1/4 13/10 July. The market closed with The present quotation for gold bullion in the London market is sellers at 1/4.25/39 June/July, 174. As one 13/18 August and 1/4.27/32 Septem £4.2.2 per fine ounce. raamme of gold is equal to 0.12056ber, buyers bidding 1/32 higher. ounce, the value per momme is £0.738871 which, at a cross rate of The market closed with sellers at Y.4.18, is Y.3.07029. This, when converted into the yen at 8201 ex-29.3/8 June, 20.7/18 July and 20.1/2 change, works out at Y.31.73 per August, buyers at 29.1/2 June/July
In case of direct ship- and 20.5/6 August. ment to the United States, however, the price is only Y.9.40 at the same. exchange rate of Y201. There is thus a difference of Y.224 per
momme.
momme.
Admittedly the cost of shipment to England is higher than to the
States. The United
insurance premium, for instance, is 11.5 per Y.100 to San Francisco and 15 sen The to England via Panama. freight rate to San Francisco is 35 to 40 sen per Y100, and to London as high as 30 or 60 sen.,
EXCHANGE CLOSING QUOTATIONS
June 23, 1933.
141
ON LONDON
Telegraphic Transfer. Bank Bilis, on demand Bank Bills, 4 months'
aight
Credits, 4. months'
Light.........
1/
ON NEW YORK:--
Bank Bills, on demand Credits, 60 day■' sight.. nom"
ON PARIS:
Bank Bills, on demand 50 ☀ Credits, 4 months' sight - 32
ON INDIA:
Telegraphic Transier....)
Bank, on demand...
919
ON SHANGHAI:----
On Demand
3'1
On demand
1061
873 15m
ON KOPT:
ON MANILA:
On demand w ON SINGAPORE;--
On demand
ON BATAVIA A
On demand
ON SAIGON 19
On demand...
ON. BANGrox)-
* On demand .........
SOVEREIGNS, Bank Buying
Bate
135
HAR SILVER, per off a 19.
Gold Dollars.
NETHERLANDS AND GOLD OUTLOOK FOR RETENTION OF
THE STANDARD.
The procession tax will be pres ed on to the consumer but as in the case of the similar tax. to be plac- ed on other farm products includ ing the grains, the tax will "de crease as the price of raw cotton advances.
The Department estimated that the retirement of approximately would result in a crop well below 12,000,000 acreas from production, the requirements of the mille and thus result in using up the sur- plus.
Estimates made by the Census Bureau indicate that about 40,000,000 acres of cotton have been- plantod. Some of the cotton Innds are not actually suitable for cotton and the Government plans to lease these areas for reforestation.
year.
The farmer's only actual invest- ment under this plan will be the amount he has to pay for the labour for plowing the crop under.
HK$225
Kobe and Return Yokohama and Return HK$255
Tickets On Sale at above Rates
until limit SEPTEMBER 15th.
Return Limit 3 Months but in No Case beyond OCTOBER 31st.
STOPOVERS ALLOWED AT ANY PORT OF CALL WITHIN LIMIT OF TICKETS.
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING HONGKONG.
CANTON BRANCH:-, SHAKER ROAD.`
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
·(INCORPORATED IN HONG KONG.)
Tel.: 28350-Gloucester Buildig,Room 206..
[REUTER'S AMERICAN, SERVICE]"
New York: June 22. Dow Jones Averages:
30 Industrials
20 Rails
20 Utilities 40 Bonds
High-1939 88.78
41.20
36.11
.83.26
Low: June 21 June 22. Change 41:32 96.91:94,83 3.08 down. 13.22-453943,19 1,20 down 15:52 84.95 33.81 1:34' down 6375 84.78 84.96 30 up
Asia Landa, Limited, has received the following report from their Ney York correspondents, E. A Pierce & Co. This afternoon's sharp bread may have indicated that profesional traders have abandoned the "long" side at present, or that they are taking profits at every favourable. The stimulant of infation prospects and higher com- opportunity. modity prices will no longer have the effect they had at the earlier stages, The market may see saw, while evidently indiscriminate buying is over for the present Spring Wheat: The weather and the trend of foreign exchange have bearr dominating factors. The advance attract ed heavy realizing, which forced a recession near the previous close. Cotton: Early buying was influenced by cables and higher foreign ex- change." Demand slackened later today in sympathy with the weakness of securities, the break in Sterling and the the weather not "being favourable. Bilrer: This market has been subjected to pressure and there was continued liquidation by the Trade and Commission houses. The Trade turned buyers near the close, thus steadying prices. Business Done: 4,370,000 shares.
1932
Div. 8 HIGH Low PER Sɛ.
30% 3.00 Air Reduction
8.00 Allied Chemical & Dye 421 291400 American Can
Canadian Pacif
LÁST SALE June 21. June 22.
384 886) 118112)
191
31 bid 31 bid.
84
129
"927 89.
98
37
Б
137
701
American Smelting...... 8.00 American Tel, & Tel.
34
31
1271
195
So far as the farmer is concern ed, however, he will have his bonus based on acreage and not what the acreage has produced in any given
021
44
3.00. American Tobacco
88
80
40
1.00 American Waterworks
28
Anaconda Copper Mining
310
191
1511
282
2.00 Auburn
181
4
Bendix Aviation
18
431
18
180 Borden Company
242
电话 16
201
J. I Case
86
80
2%
0.50 Caterpillar Co.
23
47%
17
2.00 Chase National Bank.
251
8
1.00 Chrysler Motors
32
21
68
31
3.40 Consolidated Gas of N.Y."
Curtiss Wright
KA
57%
31
31
3.00 Drugs, Inc. ad de dade
2.00 Du Pont de Nemours.
751.
B3
3.00 Eastman Kodak
Electric Auto-Lite Cas
6% 8. Electric Bond & Share
48
Electric Power and Light
13
0.40 General Electric
36
1.80 General Foods
1.00 Generi Motors
28.
1.00 Gillette Safety,
THE GOVERNMENT PLAN
WASHINGTON, June 19.
AMSTERDAM, June 10, With reference to rumours abroad-United Press. that the Netherlands may go off the gold standard, the general feel- ing here is that the gold policy of the Netherlands Government is de- pendent on the results of the World Economic Conference.
The cotton industry, from the, cotton farmer to the textile fac- tory, was facing a reorganization The general outlook-is fairly to day as the administration moved hopeful as it is felt that the necesto put it in step with the new sity of coming to an international economic order. ** understanding on currencies is Secretry of Agriculture Heary
A. Wallace announced a compre hensive programme designed to re- store pre-war cotton prices for the benefit of the farmer,
Meanwhile, under authority of
evident.
During the fast few weeks, the Netherlands Bank has lost a consi- derable amount of gold. In the middle of April, its gold reserves totalled nearly a thousand million the industrial control act, Briga forins. At the beginning of this month, as a result of exports, of gold, they had dropped to 825 mil lion forins--
dier General Hugh S: Johnson took steps to restore the textile industry to a sound basis.
The work of the department of and the Bank's gold position is still of acreage.
Gold exports have now stopped agriculture concerned the reduction Secretary Wallace's extremely strong as its note issue is plan, contemplated an arrangement covered by gold to the extent of whereby the government would Icase 8.4 per cent. Furthermore, it is felt a maximum of 10,000,000 acres of that the maintenance of a gold | cotton land.L standard is now more desirable Farmers would be paid cash bo than ever before.
nefite of from $100,000,000 ⠀⠀ ta The repudiation by the United $150,000,000 on the land thus leas States Government of the golded.
clause, in connection with bonds: The initial step of this program- and · other - ́American issues, has me will be a campaigh among cot- caused, much anxiety and disap- ton farmers to induce them to pointment as it was never believed agree to limitation of production. that America would curtail the Nodeinita steps with respect to rights of foreign bond holders. the lenses will be taken until this
campaign has progressed.
General Johnson, administratör
work per week would be allowed of the industrial recovery program];
Hearings on the plan will begin June 27
General Johnson said that the programme, was endorsed by repre- sentative of two-thirds of ton, tex tile industry
me, received plans from leaders in the textile industry providing for minimum wage of 810 weekly in. the south and 811 weekly in the north, PA, maximum of 40 hours of [Continged on previous column).
87
121
36
120 Gold Dust
0.00 International Harvester..... 7.00 4096 (Preferred)
International Tel & Tel. 4.00 Liggett & Myern "B". 1,00 Loew's Inc. roge
Montgomery Ward
2.80 National Bisenit 1.00 National City Bank 1:20 National Dairy Products 0:60, Olís Elevator:moonman 2.00 Pacific Gas & Electrio
Packard Motors Lo
0.50 Pennsylvania Hailway, bu
Radio Corpn.
-Sears Roebuck
1.00 Standard Brands
Standard Gai
1.00 Standard Oil
Jersey "Sočony Vacuu
1.00 Terns Corporation Trans Americe
1.00 Union Carbide & 6,00. Union. Pacife Vil Aam #United Air and Tran 040 United Corporation United States Steel Westinghonte E
22
37
112 bid 1121
17% 17
22 224
·211
29
331 bid
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