DAILY SHARE QUOTATIONS
HONG KONG STOCK EXCHANGE.
Buyers Belar
Bales
!!!TILIU
FRIDAY.
SHAREBROKERS?
ASSOCIATION.
Bellero
Buyere JUNE 30,
៖ ៖ ៖ ៖ ៖
Bank of East Asia... $101
Banks
31,770
$1,770
H.K. Banks
£130
Do.. (London)
£149
Chartered Banks
2241
Mercantilo Bks. "A"
Do.
$981
N. O. & S. Barks
$7.20
$20
Aus. O. Fin. Corp
3.
Ja 00
Do. Prof. 8.
* Insurances
1310
$300,3 10
Canton InsuranCSO...
$2,40
$595
#535
+
89.90
$18
$3.94
15.10 Ch. Fin.Corp. Ord. 8.
China Fires
A
Underwriter
Union Insuran006 -- $596
H.K. Fires.
International Anson, 9.
$32.60 Douglases ....
130
Shipping
194
!!!!!!! ⠀⠀
H
$1,750
£13
£34
睡
$295
$2.40
1800
1250
DA
1
eth
·234
124
$18
Steamboats
Sta
Indos (pref.)
$321
Do. (def.)
330 $30
$3/0
Shella
310
Waterkosta
48/ $16
Mining
$33
Benguet
$5
Venezuela Gold Fide.
$34
$4.80
•
39/8
Kailang
251-
Explorations.......
317
Shanghai Loans S.
$4
36
$9.80
12/
$12
$3
251
29 cts.
Langkats (single) B.
Raabs
Tronoh Minos
Benguet Explorations
New EngineeringsS.
Hongkewa seli.
Lands, Hotels, and
Buliding
H.K. Hotels. H.K Lands
$371 Shanghai Lands....
HONG KONG DAILY PRESS, MONDAY, JULY 3, 1933.
MONEY AND MARKETS
FINANCIAL NOTES FROM
LONDON
I
British Railways: Peiping Syndicate: The German Moratorium: Ford Motors Show Trading Loss: Manchester Guardian on Silver
(Special Al-Mali Service)
short-termed debt, and 1,171 million marks of long-termed debt. In this connection the word" long-termed" is applied to everything repayable Ex-after October 1, 1033.
HOME RAILWAY STOCKS LONDON, June 15. One of the features of recent business on the Stock change has been the steady purchases that have taken place of Home Railway. stocks. It is true that traffic returns still leave much to be desired, but there has been a marked decrease in the deficiency in receipts compared with last year.
Whitsuntide re- turns were of quite a satisfactory character,
suggesting that the special summer faros in the passen- ger service are proving attractive. Junior stocks are now well above the lowest of the year, while the
ately before them, have also im proved considerably,
tion:-
As regards the full services on these obligations, both interest and amortisation, Britain is involved to the extent, af 144 million marks, less than a quarter of the interest, which on the date mentioned was held by America, and not much more than half of that held by Hol- land. The British interest also was exceeded by that of Switzerland.
"FORD MOTOR LOSS Issued ten weeks later than last
of
prior charges, which rank immedi-Year, the annual results of the Ford Motor Co. have been awaited with a lively interest. They show a trad- ing table, gives an idea of the posi£100,250, against
The following loss, before depreciation of
profit £413,142 for 1931. Including £173,620 for depreciation and ob solescence, £106,028 reserved for ex-. change loss, and £127,527 for trad ing losses outside the British Isles, the total debitis £681,829, in con- trast with a profit of £82,097.
Docks, Wharves,
Godowns, eto,
$128
H.K. & K. Wharros. $128
Providents (old)
$3.95
31.45
Do:
(new)
$140.
H.K. & W. Docka
$10
8. China Motors"A"
$8
FB
Do.
"B1
38
149
Shanghai Docks S.
Lowest Present This Year Price, Great Western Ord. 31 Great Western 5 per
405
$148
cent. Pref.
00
38
Southern Pref. Ord: 29
$7 53
#33:
Southern 5 per cent.
Pref.
74
01
1 M. and S. Ord.
12
15
$7.10
371
L. M. and S. 4 per
$78
cent. Pref.
331
42
L. and N. E. Pref.
Metropolitan Lands..
Ord.
H.K. Realtins.............
8
$141
Chian Du..........
307
201
са
$137
Do Debentures 3.
$14
$140 320
Humphrey******
$14
Asiz Realtiṣe “A” §.
Do.
"B".
$97
Chinese Estate.......
$14.70
$14.90
$7.20 $761
$77
$14
Cotton Milla "
Ewosaursue 8.$14.70
$109 S'hai Cottons......S
$141 Zoong Sings
Public Utilities
#107 8141
$15
$15
+1
S
$98
Wing On Textiles(8.) $98,
4
$21.90
21.95/(22
Tramways
$11.85
$16
Poak Teams (old),
372
Do,
(new)...
115 374
$32
Star Ferries
$821
$28
Yaumati Ferries
$13
ง
China Lights (old)... $13.15)
$124
Do. (new)...
$281
$12
373
HK. Electrics......
$73)
$23
Macao do.
$10
Sandakan Lights ...
$80
$30
Telephones.....
$291
$111
China Buses......S.
1/-
Tractions .....
13.
Do. (pret.)......
Industrials
$15
Malabon Sugars
320
Caldbeck, Kord.) ?.
$16
Macgregor (pref.)8.
IM
16
Canton Ices raid
$6
38,40
Coments (comb.)...
16.45 6.2/640
$1
Do. (old)...) Do.
JG
351 $1} $94
Miscellaneous
$28)
21.20.130
Dairy Farran
$291
Der A Wings...
3126
$123
$126
Ch. Etainments...
$3.90
$4
$1
84.50
Lane Crawfords...
$21
Nanyang Tobacco...
$14
$10
32.10
Wm. Powell
$10
M. Greyhounds.
881
S. C. Enterprises .....
United Theatres... B.
€6.30
!...
18161
gutom
(new)...
Ropes ....
Amusementa....
Constructions, (old)
Da (now)
Mackintoshs................
Binceros....AP
Watsons...
prem
77%
$186
B. Ind. G. Bonds....
H.B. Gort. Loans... $103)
Wallace Harper.....
China Sports Ltd... H.K Wing On
S'ha
Do
34,40
$4
10
After charging income-tax and crediting £371,871 brought in, a debit balance of £334,018 is carried forward. Covering period of transition, these results are not sur prising, particularly having regard L. and N. E. 4 per
restrictions on international cent. Prof.
trading. So far as these restrio- It is, of course, unlikely that the tions allow, the major manufactur half-yearly statements to be issueding programme has been fully de- next month will make a very fav. voloped, and the company is now ourable showing For the first independent of supplies from the twenty-one weeks of the year the
U.S.A. total decrease in receipts by the four groups was within £70,000 of $3,000,000, and this large deficiency must necessarily have an effect on dividends. On the other hand, changing conditions may have a welcome effect on traffic receipts, any increase in which would be nearly all additions to profits. Much of the economy achieved in the past two or three years should be of permanent character, and a substantial revival in receipts could he experienced with but little increase in expenditure.
"PEIPING SYNDICATE
A debit balance of £14,499 is re- ported by the Peiping Syndicate for the year to June 30, 1932, against credit of £8,000 for 1930-31. After crediting difference in ex change of £5,656 and charging £71,356 for investment deprecia- tion, credit balance of £9,234. brought in from 1930-31 is convert ed into debit of £71,163. As this deficit is due to investment depre. ciation and is not a realised loss, it is carried forward instead of being extinguished by a transfer from reserve.
At the end of last month shout 3 per cent of the depreciation in investments had been recovered.
As
U.S. BANKING FIRM
ASSETS HALVED DURING 1932
WASHINGTON, July 1, THE fact that the total assets of Messrs. Kuhn, Loch & Com- pany, a leading American banking firm, declined more than £6,000,000, or 50 per cent, in 1939, was reveal- ad in the Company's balance sheet submitted to, the United States Senate enquiry yesterday.
The balanck-sheet showed assets of G.$67,000,000 on December 31, 1931, and only G.834,000,000 Drember at Inst.--Reuter.
TREASURY BILLS ALLOTTED
+J
on
LONDON, June 29. £87,885,000 was applied for in the tenders for Treasury Bills which opened yesterday.
The amount allotted in bills at three months, was £44,880,000,— British Wireless Service.
EXCHANGE
CLOSING QUOTATIONS
June 30, 1933
(IN LONDON-
Ox
Telegraphic Transfer...) Bank Bills, on demand 1/4 Bank Bills, 4 months'
sight Credite,
4
months'
sight
1/48
1/8
NEW YORK:-
Bank Bills, on demand 29 nom Oredita, 60 days' sight.. nom
ON PARIS-
Bank Bills, on demand 595 ON INDIA
Credits, 4 months' sight (35
Telegraphie Tragster...)
Bank, on demand
OK SHANGHAI :---- On Demand Ko
On demand ON BATAVIA :—
On demand
Export markets can now be sup plied without incurring losses, and-Or future favourable results are anti-
On demand cipated. The manufacture of trac- ON MANILA:- tors has been transferred from Cork
On demand to Dagenham. Deference is also ON SINGAPORE:— made in the report to the commence- ment of tlie production of several new and important modela might be expected, the balance-sheet ON SAIGON: reveals substantial increases int land, buildings, machinery and plant, and also in stocks of auto- mobiles and parts These are no companied by a reduction in cash increase, in creditora. and R Chpital reserve stands at £2,786,- 476.
REMONETISATION OF SILVER
* 17
109]
381 nom
EUROPE mA SUEZ The
President Liners
AMERICA SUFL
STRAITS ANDIA
INTERPORT
TO CALIFORNIA
TO NEW YORK
13
TO SEATTLE. VICTONÍA
INTERPORT
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
via Panama Fortnightly sailings on Wednesdays. Pros. Taft.July 5, 8m Prsa. Hoover
July 19 Prea, Grant.Aug."" 9" Fres. Coolidge.
Ang 16 Aug 30 Sept. 13
Fres. McKinley Pres. Hoover ...
To Seattle and
Victoria
Fortnightly sailings on Saturdays Free. Jackson ....July 7, Midnight Fret, Jefferson...uly 20
·Pres. Cleveland Aug. 11 Pres. Jackson dug..35 Preš, Jefferson..............Sept. 8
ROUND TRIP FARES TO EUROPE & AMERICA, Special through rates to Europe via United States. Dirsot connections with all Atlantis, lines. Choice of rail lines across United States and Canada, liberal atop-over privileges for Sight-seeing Full particulars upon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Genoa, Marseiller, New York and Boston.
800.
July 8 Pras. Van Buren.
Pres. Garfield
Pres. Hayes,IZIONE Free Fierce......July 22 Pres. Monroe......Aug. 5
TO MANILA
Next Sailing
8 6.m
Aug. 19
......Pres. Hayes July 8, 8 a.m.
Pres. Hooveraly 11 Prez Jefferson ...............July 15 Pres. Pierce July 39 Pres. Grant..
July 28
Pres. Monroe¤§. Pres, Cleveland...Aug. 5 Pres. Van Buren Aug. 19
Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING-HONGKONG.
CANTON BRANCH:4, SHAXES ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.):
Tel. 23380-Gloucester Building, Room 306.
{RECTER'S AMERICAN BERVICE ]
59
............. 39
591
New York: July 1.
Dow Jones Averages:"
High-1932.
135
30 Industrials
08.74
20 Rails
47.07
20 Utilities
37.50
1/52
40. Bonds
€0.08
IF
ON BANGKOK:— On demand
On demand SOVEREIGNS, Bank Buying..
Rate BAR SILVAR, per or
S'HAI CHINESE CHAMBER OF COMMERCE
USE OF NATIVE PRODUCTS TO BE PROMOTED
If there is any basis for the con- sidered opinion of many authori ties that the maladjustment of world affairs to economic realities is primarily responsible for most of the problems of the day, it follows that any scheme designer to alle The adoption of effective mea. viate matters should conform to re. aures for promoting the use of cognized principles, says the fan-native products and preventing the chester. Guardian." Doubt in this introduction of new taxes similar respect is the main cause why the in nature to the already abolished American plan for the remonetisa. Likin tax in the interior provinces tion of silver by Western countries were among the numerous pro. THE GERMAN MORATORIUM
has been received with so much posals brought up for discussion at scepticism in many quarters. It is the fourth annual conference of the Germany's moratorium decision argued that the fall in silver has Greater Shanghai Chinese General auct brings the forcible unpleasant re he greatly accentuated by the Chamber of Commerce.
minder that one of the most difficult abandonment of its use as currency
More than 250 delegafea, repre- tasks of the approaching Confer by many countries, and that its re-
senting various Chinese trade ence will be the readjustment onstoration. as legal tender would in- tions, attended while the Social $18.80 lines of justice of the relations becrease the demand for the metal Affairs Bureau and Shanghai Dis guilds and commercial organisa tween debtors and creditors. This and so raise its price. It should fact invests with immense import-be borne in mind, however, that triet Kuomintang were represented ance the decision of the British the. abandonment was bought Chuen, and Wu Heng Ju. The by, respectively, Messrs. Tan Pei Cabinet. America is perfectly about mainly because the supply in meeting presided over by Mr. aware that much has been authori-creased to such an extent that it wang Sao Lai, chairman of the. tatively established that Britain became impossible to maintain the Chamber, did not break up until will not continue paying under the metal na a standard of value. As late in the afternoon. old schedule. On the other hand, if Britain should join the ranks of revival of world commerce, parti- of the Chamber, Mr. Wang Yen `a temporary measure to assist the
Reviewing the past year's events definite defaulters at this most un cularly in the Far East, the scheme Sung, a member of the Chamber's propitious of moments, it might may receive support, but It seems executive committee, stated that have serious effects.
Moreover, it is worth at least doubtful whether its adoption as a among the notable works done, by something
permanent feature in the monetary the Chamber for the merchants this country to policy of all countries yould be at during the period under review. capitalise or to revive the American all possible without safeguards of a were the abolition of registration good will created by last December's far-reaching character. payment, if this can be done on any terms that are reasonable. It is difficult to dispute the view widely held in City circles that if we merely take the negative course, a blank default on June 15, Decem "ber's payment will have been sheer waste of the taxpayers' money.
3:50
12
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 Dally Press
Canton Agents
John H. Ferguson & Co.
32, B. C. Shameen.
Tel. 18624.
*
་
· 184
0190
to
WHAT IT MEANS Germany's moratorium announce- ment had a very, chilly reception in the City yesterday, largely because the method chosen by Dr. Schacht has at least the appearance of in- volving a breach of specific con- tracts in the case of the Dawes and tha Young Loans. There is every reason, therefore, that British creditors should get together and. organise their position in the impeding discussions with Dr. Schacht. Moves in this direction were on foot yesterday, MA
Since various estimates have been current as to the extent to which this country is involved in a com- plete German moratorium, it may be as well to give the precise figures of the position as it bood on Sep- tember 30, Inst. At that
date
Britain was a creditor of Germany for about 1,000 million marke
LONDON EXCHANGE
RATES
IDRITION WIRELESS SERVICE.]
Rugpy, June 30
Paris New York Montreal' Brussels APLATÍ Gonevai Amsterdam Milan Berlin Stockholm Copenhagen Oslo Vienne Prague Helsingfors Madrid Lisbon Athens Bucharest
Buenos Aires (Continued t
4.31 4.71
24.19
17.55
8.40* 64 1/16
∙14.24
19.42
£2.40
19.00
31 nom. 1137
40.7/18
110
300
411.0,R.
fee imposed by the Navigation Bureau on vessels in the inland. rivers, substantial reduction in Health Bureau on mest dealers, the the examination fee of the local abolition of the special production and consumption taxes in Kiangai Province, & revision of the stamp revenue regulations so as to give the merchants a chance to appeal against decisions imposing fines on the merchants for alleged violation of the regulations, etc.
At the last annual representa- tives conference, M. Wang con. tinued, the Chamber resolved to concentrate its efforts to realize. the two important policies namely, to put an end to civil wars, and the promotion of use of native pro ducts. The Chamber would con- tinue its efforts to carry m 150 above resolutions during the forth coming year.
Shanghai and Hong
Montevideo
Bombay
Kong holiday.
Yokohama
Silver (Bpot)
Silver (Forward):
3+*+ DOLL
1/81/16
1/3-1/82
Low: June 30, 41.22 98.14“:
13.23 48.60 16.53 34.35
05.78* 86,20
July 1. 100.92 2.78 up 49.78 1.18 up 34.93.58 up 80.40 20 up
Asia Lands, Limited, has received the following report from their New York correspondents, E A Pierce & Co. Obviously the action of the general list is encouraging to the maintenance of the long position and it may be advisable to consider some profit-taking next week in the event of a last rush to new high grounds Wheat; Strong, on firm cables; the strength of foreign exchange and the reduction of private crop estimates. Inflationary enthusiasm was renewed by the President's refusal to peg the Dollar. Cotton: The improvement in the outaidia. markets, the strength of foreign exchange, continued dryness in Texas "and political developments have been influencing factors in the advance. Silver: This market bas ruled strong throughout the session in spite of a good volume of profit-taking and active short cornering by Trade interests.
Business Done: 2,780,000
3.00 Air Reduction
LAST SALE
June 30 July 1.
abares.
1932
Drv. 4
HION
90
Low PEL SI
30%
$59 xd $92).
1217
42)
6.00 Allied Chemical & Dye
110 1201
95
293
4.00
American Can
00%
03
386
.50
American Smelting.
34
是
187%
70+
3.00 American Tel & Tolpinný
1971
120
93
44
5.00 American Tobacco "B"
90
40
11
:
1.00 American Waterworks.
37.
371
191
Anaconda, Copper Mining
101
18
1814
282
2.00 Aubuga
83
66
182
4+
Bendix Aviation
18
19
43
18.
160 Borden Company
36
202
.17%
10
164
681
100%
231
23€
24
477
997 bid 294 bid
Canadiso Pacific
31 Ca
0.80 Caterpillar Co...
2.00 Chase National Bank
1.00 Chrysler Motors
3.40 Consolidated Gas of N.Y.
- Curtiss Wright, min
3.00 Drugs, Inc. ...........
2.00 Du Pont de Nemours":
3:00 Eastman Kodak
Electric Auto-Lite Co.
6% & Electric Bond & Share
--Electric-Power and Ligh
0.40 General Electric.
48
16
B
261
10A
1.60 General Foods
401
1.00 General Motors
10/100 Gillette Batohy 1.20 Gold Dust...
244
10%
41
112
34
-372
·3
-25%,
100
64
37
49
14.
0.60 International Harvester $7.00,(Preferred)
International Tel. & Tel.
4.00 Liggett & Myers 100 Loew's Inc. ....
B
-Montgomery Ward ..
20 2.80 National Biscuit
in
1.00 National City Bank 1.20 National Dairy Products 0,60 Ofis Elevator ..........
2.00 Pacific Gas & Electric ...... Packard Motors ****
0.50 Pennsylvania Railway
Radio Corpo
Seare Roebuck
1.00 Standard Brands
Standard Gas **** 1.00 Standard Oil Co.
Jeragy
Bocony Vacuum Corpp. 1.00 Texas Corporation Trane America
· 31 · 1.00 Union Carbide & Carbon
274
6.00 Union Pacido
on
United Air and Transport
0.40 United Corporation
United States Steel Westinghonze
Ba
xd 244
20% 304 144147
40
408
113 bid 113 bid.
231 23
25
hid
xd
117
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