1933-07-01 — Page 13

DAILY SHARE QUOTATIONS

HONG KONG STOCK

EXCHANGE.

SHAREBROKERS'

ASSOCIATION.

Poytro Ballers

Batou. NominaŽ

FRIDAY. JUNE 30.

Buyer Ballore

Baler Nomina

Banka

H.K. Banksi Do. (London) Chartered Banks.... Mercantile Bks. "A"

***

$1,770)

01,770

£130 E14

624

EOT 1

Do.

$984

Bank of East Asia...

$101

N, J. & S. Barks ....

$7.20

820

Am. O. Fin. Corp: 8.

IM

14

+

10.40 Ch Fin. Corp. Orl. 8. ខ្ទីង (X

Do Pref. 8

Insurances

$310

$30,31

Canton InsurANLOS.....

32.40

Underwriters

$535

Union Insurancse .......

1625

$595

China Fires

$270

H.K. Fires

***

$41 International Asse. 9.

Shipping

$12.80 Douglases.

$18

Steamboats..................

Indos (pref.) Den

Do. (def.)

Shells.

Waterboats

Mining

$30

$33, 1

139

$16

*****

! ! ! ! ! ! ! ⠀⠀

HONG KONG DAILY PRESS, SATURDAY, JULY 1, 1933

MONEY AND

$1,750

HONG KONG STOCK MARKET

213)

£94 291

K

$995 $2.40

$690 $950

$34

SIN

$30

$30

487.

$16

$33

Bengueta......

$5

Venezuela Gold Flda.

$344

$4.80

Kailans

32/6

25/

$10

Langkats (single) 8.

13

Explorations...

$17

15;

Shanghai Loank..

ચ

36

89.90

Raubs.

$9.80

12/

Tronoli Mines ......

Benguet Explorations

28 st. Docks, Wharves,

Godowna, sto.

3128 H.K. & K. Wharvas.) $128

(new) ...{ $140

Providente (old) ....

11.45

Do..

$10

H.E&W. Docka

$10

$8

S. China Motors' A

De.

"B"

$149 Shanghai Docka S. JA

New Engineerings.

Hongkowa .............

$7.20 8701

$32 Shanghai Lands...8..

Hamphreys

Do. "B" 15.

Chinese Estates......

YESTERDAY'S OFFICIAL

QUOTATIONS

The first two days of the past weeks were mainly occupied with the adjustment of accounts, which took place on Tuesday the 27th inst. Consequently, there was very little fresh business until after the final adjustment.

Since then, however, the list generally has displayed an upward tendency, and although the volume of trading in this period cannot be said to have been large, rates close at their best.

MARKETS

THE EXCHANGE MARKET

MÉSSŔS. ROZA BROS.. REPORT

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

day for both doliveries, quotation's Silver prices dropped 9/10 'yeater-

Forward, The drop was attributed boing 18 for Ready and 18 for to American speculators having sold. Subsequently bought. At the close, business was speculators reported at over the quoted rates. In America the rate dropped to

New York

U.S. INVESTMENT NEWS

From Asia Lands, Limited

13

SUMMER EXCURSION

HONGKONG TO

Kobe and Return

HK$225

Yokohama and Return HK$255

CHASE NATIONAL BANKS Tickets On Sale at above Rates

On May 18 stockholders approved tors, liquidation of the Chase a reduction in the number of divec-: Harris Forbes Companies, change

until limit SEPTEMBER 15th.

of name of the afflinte (which will Return Limit 3 Months but in No

lic) to Chase Corp., and reduction no longer sell securities to the pub- in the par value of the latter's

As was pointed out in one of 30 for advice reported the stock from 85 to 81 a share. It

опо

these recent Summaries, the weak spot in the market

were opening rate at 4.10 and the clos Cements, which started at $7.-ing rate at 4.96 The highest rate early in the week and declined to was 4.414 and the lowest 494). The as low as 88.20, though a shade market was demoralized. batter at the final call.

BUSINESS DONE DURING

THE WEEK,

Hong Kong Banks, 81,760 81,770 Canton Insurancés, $310 8300 8532

$310

Union Insurances, $525 $330

Raube, $10

Benguet Explorations, 23 cents. Wharves, 8129/130

3540

Venz: Goldfields, 85

#3,56

$17

18

Hotels, 87.15 87.10 87.50

18

871

$149

Lande, 877 8701 877

**

H

S'hai Cotton.......S.

$144 Zoong Sings. S $98 Wing On Textiles(8.) 398

87.13

Realties, 88 87.80 87.85 Tramways, 821.80 $21.85 #22 $21.05

$22/22.05

**

Ewo Cottons, Sh.814.70

CHANGES (3.16 p.m.) CLOSING

QUOTATIONS.

Cements (Combined), 80.35 Ewo Cottona, Sh. 8144

Sellers,

Market,

Steady but quiet,

Sterling.

was stated that after eliminating all elements of goodwill from the affiliates' assets, and adjusting the latter to current market prices or: conservative valuations, the net worth of the Chase Corp. was ap- proximately 814,500,000. This total is somewhat less thane per share on the bank stock and compares with 87.43 per share indicated on December 31, 1932. It was stated that the bank has about $60,000,000 invested in Germany against which no reserve has been set "ap. Jenis support to

This

that the 835.30

the expectation per share book value of the bank indicated on March 30, 1923, may be materially reduced by later, charge-off. Anti- cipation of further write-offs and a reduction in the dividend rate may well have a depressing near term effect on this issue, but where in- termediate fluctuations can be dis regarded, continued retention of Were quoted at 1113 for near de- moderate long term commitments is livery.

Business was done during the course of the morning at 1/4 for July, 1/4 29/32 August followed Iter by a small transaction at-1/4 31/38 September, 1/4 15/18 August and 1/31/32 December. The mar ket closed with sellers at 1/4 29/39 June/July, 1/4 15/16 August, and 1/431/32 September, buyers bid ding 1/32 higher respectively.

Gold Dollars. Nothing doing. There were sel lers at 30 for near, buyers probably at 301 for cash.

Yan.

Shanghai Dollars.

warranted.

Were quoted at 11 for near de- | COLUMBIA GAS & ELECTRIC livery.

Shanghai,

CORP.

Steady. Sellers were indicated

Considering the state of general at 1/3 for near, buyers at 1/35/16 business, the decline in earnings in July.

the year ended March 31, 1933, to IN THE AFTERNOON.

80.80 a common share, from $1.21 The market was a shade steadier in the preceding twelve months, in the afternoon.

was relatively moderate. Although Sterling.

the March earnings statement was Business was done at 1/4 15/16 financial condition, it is quite like- accompanied by no report of the August and second half July, finish-ly that hand loans have been fur- ing with sellers at 1/4 15/18 July ther reduced from the $15,000,000 and probably 1/4 31/32 August, level reported as of the middle of buyers at 1/32 higher respectively. March. The company is in position

Gold Dollars.

The market closed with sellers at 303/16 for July, buyers at 305/16 July.

Shanghai.

Sellers were indicated at 1/31 for near, buyers probably at 1/18 high-

er.

F331

Landi, Hotels, and

Buildings

H.K. Hotele

17.50

$71

China Lights (Old), 813.30 813 Electrics, 8731

H.K Lands.....,8.] *7+)..

Telephones, 829.50 8291 829.80

$30

$14

Metropolitan Lands..

Cements (Combined), 87 881 26.45

H.K. Realties.

$8.20 88.40

$144

China Do

..S.

$137

Do. Debentures3,

$14

$14

Dairy Farms, $28 $28.90 $828.30 Lane, Crawfords, 84.55 84.60 Govt. Loans, 31

рег

$140

Asin Realtics "A"5.

cent.

Premium.

320

Sh.

$17

$14.00

Cotton Milla

324.70

$14.90

Ewos

8. $14.70

$15

$109

.107

8111

Buyers.

Public Utilities

Raubs, 810.

$21 85

21.95/(22

Tramways ****

$11.95

Star Ferries, 2021

$15

Posk Trains (old)...

115

Do. (new)...

Star Ferries

......... 192

$28

Yaumati Ferries

$261

Tramways, 822.20

$13

China Lighte (old)... 13.15

Bales

2121

Do.

(now)...

$121

Union Insurances, $540

$730

H.K. Electrica ..............

2731

Wharves, 8120/130

$93

Macao do.

"Tramways, 822/12.05

$104

Bandakan Lights ...

$30

$30

Telephones............ 201

Govt. Loans, 34 per cent Prem

8112

China Buses.....B.

I/

Tractiona

13'

Do. (pref.).

$15

Malabon Sugars

320

Caldbeck, Yord.) 8.

310

Macgregor pref.)8.

56

Canton Ives

(6.30

36.40

Cements (comb...

18.45 3/8|40.

16

Do.

$1

Do.

(old) (new)...

RUGBY, June 20.

Paris

66

$9

Ropes

New York

4.201

Kiscellaneous

Montreal

4.00

Brussela

24.15

2:,20-30

$281

#1

Der A Wing........................

Geneva

17.52

(18)

Amusementa

812

Ch. Etainment.......

$121 $111

Amsterdam

8.41

€41

$3.90

Constructions, (old)}

$4

14.29

Th

$1

Da,

(new)

$4.50

Lane Crawfords....

.90 cta. $4.40

19.42

22.42

$21

Mackintoahs

quater

Oslo

-19.00

Nanyang Tobacco...

Vienna

31 nom.

-:}gyz

$14

Sinceres

$13.80

Athens

500

ON SHANGHAI:---`

$10

Watsons

592

Prague

雞特

On Demand

110

$2,10

Wm. Powella

$1.50

Bucharest

3724

ON KOLT:-

$10

M. Greyhounds ................

Madrid

40 13/32

On demand

1001

$31

1. C. Enterprises

United Theatres ..... 8.

77%

B. Ind. G. Bonds... 77/

pren.

HLE. Gort, Loans... $103

$8

Wallace Harper......

$185

H.K Wing On ... B'hid

Do

$166

***

$881

141

AM

Industrials

Dairy Farms...........

China Sports Ltd ....

CAL

--LOCAL AND REGULAR OUTWARD MAILS.

$18

LONDON EXCHANGE

RATES

(BRITISH, WIRELESS BERVICE.]

Milan Berlin Stockholm Copenhagen

Lisbon

Belgrade

Helsingfors

Rio

$190

Buenos Aires Montevideo Bombay

Shanghai

Hong Kong

Yokohama

110

126)

250

48 nom 414 0.R.-

34 nom.

1/8.1/16 1/33/32 1/4 13/16

·EXCHANGE ·

CLOSING QUOTATIONS

June 30, 1023.

IN LONDON, -,

Telegraphic Transfer... | Bank Bills, on demand 1/4 Bank Bills, 4 months'

sight...

Credits,

sight

4.- months

ON NEW YORK:-

*

||

Bank Billa, on demand 29 nem Credits, 60 days! sight.. nom.

ON PARIS:

Bank Bills, on demand 685 Credits, 4 months' sight (35)

OF INDIA :-

Telegraphic Transier... Bank, on demand

ON MANILA:

On demand

ON SINGAPOáz:-

On demand ON BATAVIA 3—

*On demand

On demand

ON SAIGON:

ON BANGKOK:—

On demand

SOVERSIONS, BankTM Buying

Rate.......

BAR SILVER, per of

EO

reap prompt and substantial profit from industrial revival, The term speculative marked longer possibilities of the common shares justify moderate new purchases.

DRUG INC.

Earnings for the three months ended March 31, 1933, were equal to 80.99 a share, a decline of 20 per cent. from those of the comparable 1032 period. Returns for the re- mainder of the year, however, should make Д more favourable comparison. Bankruptcy of the Liggett stores and the improved position of United Drug should eliminate substantial parent tom- pany losses, and full year profits of Drug. Inc., should be slightly greater than those of 1932.

GENERAL AMERICAN TRANSPORTATION CORP.

Reflecting a further decline in the general level of business ac- tivity, net income of $295,000, or 0.40 a share, in the first quarter this year was

some 884,000-below the figure for the corresponding 1932 period. Earnings in the second quarter, it is now anticipat- ed, will show marked improve. 58) nom ment, as a result of the increased

utilization of refrigerator cars in, the handling of beer. The company enjoys a number of satisfactory contracts from large mid-west breweries and it is expected that revenues from this source will con tioue at a satisfactory rate. The demand for additional tanık cars in the East Texas oil fields and the recent expansion in railroad traffic are further encouraging factors at this time. This issue, remains at tractive for the gradual extension of long term holding,

Бо

591

135

Asia Lands Limited

1/31/32

WEEK DAYS.

Fol

Fron 6.2.0.

FROM SKEUNGWAN BRANCH P.O,

Frok 4.2.0.

SUNDAYS & HOLIDAYÁ

FROK

BRANOK

Silver (Spot)

18

Silver (Forward)

18+

War Loan 2 per cent, 11/16

(By]

*** | 6.130 par.

4.00 p.m.

+ 7.16 nm, & ( 7.00 am,

17.00 p

4.00 p.m.

11.80p.m

(7,35 mm. &} 1 7,00 am, á {6.00 pm

17.00p.m.

9,003 1.00 puttle

[8,35 mm. de) (6.40 xžní A

2.15

1.80 p 1. Bandaya

Sundays 8.15.

8,30 only

Lonly

5.00 p.

6.00 p.ta

5.00 p.

6.00

Pottle

6.00 p.

6.00 p

Canton

Bamahal and Woɛbow (By'

direct steamar)

Macs & Tonaban

Kongmoon (except Exterdays)

Exukong (except Saturdays)|

Fatsham and Wuchow (By)

Triin)

Tai Po

Cheungchow

(7,15 mm. & § 7,50 KM) {1.15 p.m.

7.15 0.

1.00 p.

N

1.15 am.

11.00

9,00 1.30.

í 9,00 a.mm, d

↑ 3,00 p

9,00 a.m. &

11.00

8,00 p 1.00p.m. &

3,00 P

800.

1

Aberdeen

Branley ***

12.80p. 8.30,

Pingaban, Santin

Bhalakok and Shen

8,00 pm

Balkung ....

'Fantas. Blekk k

هم

11,00 &5,00 pm

8,00) 1,10 11.00 8.20.150»*

·10,30 K.Jz11.

10,80 #1

7:00 p.

7:00 pm.

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 Agenta

John H. Ferguson & Co.

32, B. O. Shameen.

*18824.

UNITED FRUIT CO, The strictly long term prospects of the company. are definitely favourable, and some improvement may be registered may be register- ed in the near future. However, while the possibility of mainten ance of the present #2 dividend has been eribaabed, earnings recovery from the low levels recently re- corded probably will be slow. At current prices this stock generously discounts earnings prospects some time ahead. Accordingly, it is now advised that holdings be switched into more reasonably valued media, WESTINGHOUSE ELECTRIC & MFG. CO.

A lose of 88,491,572 was incurred in the initial 1933 quarter, against

1,320,148, deficit in the corre sponding 1932 period. Payments on the preferred stock, have been declared for the full year 1933 with the offering to stock-holders of one- half share of Radio Corporation common or $3.50 in cash.

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:-4, SHAKES, ROAD.

NEW YORK STOCK EXCHANGE

ASIA LANDS, LTD., QUOTATIONS

(INCORPORATED IN HONG KONG.)

Tel. 28380-Gloucester Building, Room 308.

[REUTER'S AMERICAN SERVICE]

Now York June 20. Dow Jones Average:

30 Industrials 20. Rails

20 Utilities

40 Bonds

High-1835 98:40.

45.40

36.11 85.51

Low! June 28. June 29. Change 41.22 07.74-98.99.75 down 13.28-47.19 46.95.24, down

18.53 34.89 34.25.64 down -€5.78 · 85:94

86.08.14 up

Asia Lands, Limited, has received the following report from their New York correspondenta, E A. Pierce & Co. The wide factuation in Steri- ing and the conflicting reports from the Economic Conference have undoubtedly made traders more cautious, though it is difficult to ex plain what they fear in the way of the international situation. The sharp break in Wheat also injected a note of caution and opinions on the

e Stock Exchange are very much mixed. Wheat: Realising, influenc ed by beneficial rains in Canada and the North West, caused early weakness, but later reports that the rainfall was insufficient brought short covering and now speculative buying. Cotton: This marked is hesitating, pending the outcome of the screage abandonment campaign. Selling on the weakness of Sterling found demand lighter. There are no rains in the West. Silver: General liquidation-induced a break in Sterling Business Done: 4,590,000 shares..

Div. 8.

HIGH LowPzR. SH.

3.0) Air Reduction..... 6.00--Allied Chemical & Dye...

+88

1939

*.872

301

LAST SALE June 28. Jaze 29.

$89 800%

1217

42+

-115 * 1148

298

95

4.00. American Can.........

no1

386

51

American Smelting,

33.

331

137%

70+

5.00 American Tel & To

1262

126

92

44

6.00 American Tobacco.

001

B01

40

# 11

1.00 American Waterworks

37

361

3

198

Anaconda Copper Mining

18

...161

28) $2.00 Auburn up.

63

JJ

187

... 44

Bendix Aviation

181

18

1.60 Borden Company

43

71

Canadian Pacific

201

.92.

101

J. I. Case

23

4#

0.30 Caterpillar Co...

473

17#

2.00 Chass National Bank

+287 bid 28 bid

331

5

1.00 Chrysler Motors

31

334

31

3.40 Consolidated Gas of N.Y, ...

58

571

Curtiss Wright.

*31*

#

58.

3.00 Drugs, Inc. ...

61)

.831

22

2.00 Du Pont de Nemours,

772

87%.

·36

3.00 Eastman Kodak

-321

81

Electric Auto-Lite Co:

824899

5

6%.s. Electric, Bond & Share

48 16

23.

B

Electric Power and Light!! **15) 0.40 General Electric

"127"

24

281

198

1.60 General Foods

371

377

401

201

78

1.00 General Motors

201

108

1.

Gillette: Balety.

18

1.20 Gold Dust.

24

41A

10%

0.00 International Harvester

7.00

(Preferred): 112 bid 113.

184 18

34

934

92

047

for

64)

30

of

-International Tel. & Teal..............

4,00 Liggett &: Myeza “B” ...vie 1.00 Loew's Inc. ...

Montgomery Ward

2,80 National Biscuit

100 National City Bank 1.20 National Dairy Products 0.60 Otis, Elevator bi

· 2,00 Pacífio Gas & Electrio

Packard Motors

0.50 Pennsylvania Railway

Radio Corpn.·*... Sears, Boobuck

1.00 Standard Brands

'Standard Gas. 1.00 Standard Oil Co,

Jersey hater Socony-Vacuum Corph. 1.00 Texas Corporation Trans-America

1.00 Union Carbide & Carbon

8.00 Union Pacife.

United Air and Transport... 0.40 United Corporation

United States Steel

Westinghouse E. 2 1

90