DAILY SHARE QUOTATIONS
HONG KONG STOCK
EXCHANGE.
SHAREBROKERS'
ASSOCIATION.
THURSDAY.
Engers Balleen
Bales Nomina
Кауша Ballers
Fat
JULY 6,
$660
Do. (London) **** Chartered Banks ....
Mercantile Bks.
"A"I
$1,783
HI.K. Backs
£133
215
294
291
N. C. & 8. Barks
$20
Am. O. Fin.Corp: 8.
$1,770
813 £14
Do.
Bank of Eut Asia... $101
15.40 Ch Fin. Corp. Ord. d. $5.00
Do Pref. 8
Insurance
www
$310
Canton Lurrences,
$2,40
Underwriters
Union Insurances ....
$590
China Fires******
3270-
H.K. Fr
International Assoe, B.
Shipping
$39.6c Douglases .....
The
!!!!!
#IN
Steamboats
$30
Indos (prof) tenso
$324
Do. (def.)
58/3
Sholla
$15
Waterboats
Mining
333
Benguet
Venezuela Gold Fida.
25
$4.80
33/>
Kailans,
$0.40
***
$10.15]
Langkata (single) 8.
817 Exploration......
Shangbai Loans
Haubs .......
Tronoh Mine......
28 eta Benguet Explorations
Docks, Wharves,
Godowns, etc. H.K. & K., Wharves Providents (old) · ...
(new)... $140
H.K. & W. Docks
S. China Motors A
Do. "B"
Shanghai Decks S
$7.53 $762
Do.
**
Lands, Hotels, and
H.K Lands.........8. 1764
37.45-
E
HONG KONG DAILY PRESS, FRIDAY, JULY 7, 1933
MONEY AND MARKETS
MEXICO AND SILVER
EDL STATEMENT AT WORLD $7.90
ECONOMIC CONFERENCE
MI
$995
H
32.40
$540)
$3.95
11 412 4!!!
品
$590 $280
*** BER
$9.50
$149
$130
15,45
$1.45
#16
$10
18
3149
$8
New Engineeringas.
$33
Hongkowi mo..........9,
Buildings
$7.51
H.K. Hotels
$32
Shanghai Land....8.
$14
Metropolitan Lands,
H.K. Healties.........
$7.80
$141
$137.
Chins Do......... **
Do. Debentures 5.
$140
Asia Realtis "A"S.
520
3.7
Chincae Estates......
Ewoe
$15
8141 Zoong Sings
$08
$14 *96
$14.10
+++
Humphrey
Do: "B"8.
Cotton Hills
$109 S'hai Cotton.......
Wing On Textiles(3.)
Public Utilities
Tramways.......$11.80
גנו
$14
$167
318
Posk Trams (old)...
115
372
Da. (now)...)
374
32
Star Ferries
303
Yaumati Ferries
$281
$13
China Lights (old).
$13
$12
Do. (now)...] $17§
1731
H.K. Electrics. $73
$23
Macao do.
$29.80
1104 Sandakan Liglite ...
Telephonesimi
$11
China Buss
1A
Tractions
13'.
Do.
(pref.)......
Industriale
$15
Malabon Sugars ---
$80
Caldbeck, Hord.) 8.
316
Maogragers pref.)B.
36
Canton Icca....!
(ald)...
12:$
Cements (comb.)... #6.70
Do.
Do. (DOT)...
(new)
Mackintoah.on
$15
fl
*6.75
#9:
'(Special Air-Mail Service)
London, June 22.
At the World Economic Confer the following statement on Mexico's position. ·".
спее
AMERICAN GOLD HONG KONG STOCK
SALE FOR INDUSTRIAL USE TO BE ALLOWED?
Manila The administration in Washington is about to permit the sale of gold produced under the American flag at its actual com modity value, which is about 20 per cent more than its monetary value of 820.67 per ounce.
The Benguet Consolidated Mining Company yesterday received from private sources in the States a cable as follows:
Embargo To Stand.
New York Times says financial community expects free gold mar- ket established soon. Virtually all little objection: Contends would in- hoarded gold returned consequently crease mining and gold reserves like it did for England."
Interpreting the cable, Judge John W. Haussermann, president and general manager of the Bengurt Consolidated Mining Company, said:
M. Pani (Mexico).-The Mexi- can situation," in spite of the world depression, is at present not only less critical than in recent years but is better than in several other countries, which, unlike Mexico, have not suffered from internal commotions, or have suffered from them with less rigour and dura; tion. Although Mexico's economic life has, in fact, been affected ser- iously by the abatement of inter- national trade caused by the tariff war in which the rest of the world is engaged, it has improved in some respects since the begin ning of 1932, when the Government "This cable indicates that the initiated a new financial policy. administration is about to permit: The Bank of Mexico, establish the producers of gold in the United
1925, was reorganized in
States and its possessions to receive April, 1832, with the purpose of the actual so-called international permitting it a free and indepen-commodity price of the gold instead dent activity from the Government of its monetary value of $20.67 per ounce. The actual commodity value and from all political influence. Being a central bank, it is the of gold bullion is about 20 per cent. only institution for the creation more than the monetary value. I of money and for the regulation the shipment of gold to foreign do not think the embargo against of currency and credit. Bank agtes are only issued through re-effect of establishing a free gold countries will be raised. The only discount operations with the asso-market is to permit and authorize cinted banks and by the purchase banks and emelter companies to of gold and foreign potes. The
ed in
amount
F-2,500,000 Bullion Walts,”
MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
The investment section generally continues to be in strong demand, but notably Banks, Unions, Trams and Telephones, the first-named having changed hands at $18,00 té $1,810, and cloning with buyers at $1,700, and -Unions being bid for at 8860. Trams and Telephones also have both registered an advance.
Hotela and Cements remained steady throughout the day at their respective quoted rates.
minimum lega) covering is that of pay for gold produced under the 50 per cent. Owing to the relue-American flag the same tance to use paper money provoked that the British and French governments pay for gold. In other by the failure of previous uncon- words, by permitting gold produced trolled issues, the Bank of Mexico under the American flag to be sold during the first 3 years of its exist- ence made only intermittent and administration recognizes that the at its actual and true value, the unimportant issues (the amount of production of gold should be notes in circulation in December, encouraged and not penalized." 1931, was less than 1,000,000 pesos), but since the new regulations of 1932 the monetary circulating stock, which was before insufficient and The Benguet Consolidated Mining rigid and nearly all metallic, has Company and its affiliate, the been augmented, steadily gaining Balaton Mifing Company, have in in Arxibility by the constant addi. banks in Francisco or en route tim of hank notes. The amount. to those baks a total of approxi- represented by the notes now inmately P500,000 in gold bullion which have been held up pending circulated is nearly 60,000,000 pesos, some such arrangement as above and their number is greater every indicated. In ordering the sale of day. The monetary reserves--which were non-existent a year ago and this bullion held
Judge up, Haussermann atated he felt his constantly increasing companies were entitled to receive amount already to 70,000,000 pesos the actual commodity value of the approximately and are represented gold. If the above plan materia- by silver coine or bullion, gold bullizee, this gold will be sold. lion, and foreign gold specie.
are DOW
Furthermore, the balance of trade
..
is now favourable and the deficit in the Budget of the Federal Govern- ment, instead of increasing, has gradually diminished, and the re- venue is already sufficient to defray the normal expenses of the Admin istration, Public Debt total services not yet included. The mistaken in- tent of revalorization of the unit of currency up to the original parity baving once been abandoned, its purchasing power has reached certain internal stability without an exaggerated depreciation on the #11 international market. Mexico is ON 813.80 prepared to adapt its monetary sys- 502
the international régime which the Conference may recom- | merid.
$0
Ropes Ar
Miscellaneous
$2.10 19.40)
Dairy F'ACTOR
$23
81
Der A Wings.....................
3121
Amasexments...... $12.00
$11
Ch. Etainmenta.......
$3.90
The
Constructions, (old)
$1
Do.
84.70
Lane Crawfords......
$4 90 cta $4,10
Nanyang Tobacco...
$14
$10
Sinceros ar UPS Watsons
32.10
Wm. Powell
$10
M. Greyhounds
28.
S. C. Enterprises ...
Upited Thestra...8.
77%
B. Ind. G. Bonds... 78%
Wallace Harper.......
prem! 31
18
H.B. Hort. Loana... $.43
China Sports Ltd... B.K Wing Os...... S'hai Do
$156
tem
$1.50
$190
$155
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 Agmia
John H. Ferguson & Co.
| 32, B.-C. Shameen.
Tel 183624.
10
EXCHANGE
CLOSING QUOTATIONS
July 2, 1938 LONDON:- Telegraphic Transfer... Bank Bills, on demand 1/14 Bank Bill, 4 months”
right
1/48
Credits, 4. months'
sight ON NEW YORK:-
Bank Billa, on demand 303 som Credits, 60 days' sight.. nom PARIS
ON
Bank Bills, on demand £85 Credits, 4 months' sight 195 INDIA:-
ON
Bank, on 'demand ..... SHANGHAI:-
Telegraphic Tranate...al
Besides the fact that silver has ever had a monetary use and that a - On Demand. 120) great proportion of mankind has Or Ko
On demand
not lost faith in it as a standard and store of value, the rehabilitaON MANILA: tion of silver and the stabilization
110-
Sales.
Hongkong Banks. $1,800/1,810, Union Insurances, $300, Hotels, $7,55. Humphreys. 814.10. Realtics, 88.00/8.10. Cements (Combined), 20. Lane, Crawlords, 4), Govt. Loans, 31% prem.
Buyers,
Hongkong Banks, $1,790, Bank of East Asia, 101, Union Insurances, $580. Raube, $10,15. Docks, 816). Hotels, $7.53.
Hongkong Lands, 3761 Realtics, 88.
Ewo Cottons, Shanghai 15. Hongkong Trams, 322.10. China Lights (Old), $13.10. Electrics,
.
Telephones, 830.
Dairy Farms, $28.10, Govi, Loans, 4% prem.
Sellers.
Hongkong Banks, $1,810, Union Insurances, $870. Yaumati Ferrica, 827. Dairy Farma, €28.40. Entertainments, $11.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.. REPORT
Messrs. Roza Bros, have for- warded us the following Exchange Market Report for yesterday:
The price for Ready: Silver rose 1/18 yesterday but the Forward rate was unchanged, the quota- tions remaining at 18 15/16 for Ready and 19 for Forward. Silver advices reported speculators as having operated both ways. China Banks and Indian Bazaars bought Amounts offering were small: The with America being inclined to sell tone at the close Was uncertain
at 1/4 under the quoted rates. In America the rate was quoted at 36 1/4 for Spot. The tone was steady after the decline.
New York advices reported the opening rate at 4.51 and the clos ing rate at 4.49./2. The highest rate was 4.53 and the lowest rate 4.44 1/2.
"With the exception of the. Shang. hai rate which was unchanged at 110 and the Bangkok rate which was put up to 135 other rates wera lowered.
Market.
The undertone was not · robust. Business was fairly briek.
Sterling."
£12
FIRST
CLASS
13
ALL INCLUSIVE
EXCURSION
to MANILA
by the
Pres. COOLIDGE
During
Steamer Your Hotel
3 DAYS' STAY
in MANILA
Leave Hongkong Arrive Manila Leave Manila Arrive Hongkong
6 P.M. 8 A.M.
39
3 P.M. 8A.M.
Aug. 8th 10th 12th
"
14th
BOOK EARLY
DOLLAR STEAMSHIP LINES AMERICAN MAIL
LINE
PEDDER BUILDING-HONGKONG.
"CANTON-BRANCH:-4, SHAKER ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 18380 Gloucester Building.Room 300.
[REUTER'S AMERICAR SERVICE}
New York: July 6. Dow Jones Averages:
30 Industrials 20 Rails... 20 Utilities 40 Bonda
High-1932 Low: July 3,
100,92 40.78
41.22 103.77
THY:
37.50 88.40
13.23 53.38
Change
July 5. 102.74 1.03 down.
54.36.08 up 35.66 .76 down 65.78 66.74 86.73 .01 down.
18.53 36.45
Asia Lands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. Baila have maintained their usual strength while industrials lagged. We may easily have a market in the next few days with rails working higher and industrials ruling. irregular. Wheat: Opened higher in sympathy with corn and Winnipeg. but later there was a reaction on profit-taking. There is still appre hension with regard to Canadian and United States North-West crops. The weather is favourable Cotton: Reactionary, in sympathy with other commodities. Realising has been heavy and the South sold. Traders are awaiting definite news of the London Conference. Proep ects are more favourable for a relief of the dry weather. Silver: Opened. higher on the advance in London and much higher Sterling, but later profit-taking, in spite of good buying, caused a decline. Business Doné: 5,800,000 shares.
1932
Drv. 8 HIGH Low PER. Sx.
446
Canadian Pacifc
J. I. Cane
0.50 Caterpillar Co......
2.00 Chase National Bank
1.00 Chrysler Motors
3.10. Consolidated Gas of N.Y.
Curtiss Wright
3.00. Drugs, Inc.
LAST SALK
160
189
fee
July 3. July 6..
021 1291
30%
3.00 Air Reduction
#93 803*
42
6.00 Allied Chemical & Dre
133)
1201
· 208
4.00 American Can
031
13)
886
American Smelting....
27
374
1378
70
9.00 American Tel. & Tel:......
131+
130
93
44
5.00 American Tobacco "B
914 D1
401
.11
1.00 American Waterworks
391 39)
19
3
Anaconda, Copper Mining
181
19
1812
281
2.00 Auburn
*kattaths
69)
19
42
Bendix Aviation
199
194
43
18
1.60 Borden Company
361
361
20
71
10.
10
92
16
03
932
24
4년
25
47
172
302 bid 301 bid
388
381. 371
:
001
31 3
34
67
61
2.00 Du Pont de Nemours.
821
704
83
877
3.00 Eastman Kodak
ber.
Electric Auto-Lite Co.
249
69
www.
an
位
pan sāk
135
Gold Dollars. Business was done at 31 1/8 for near, 31 3/18 July and 31 1/4 August. There were sellers at 31 1/8 July, 31 3/16 August and 21 6/16 September, buyers at 1/16 higher respectively.
324
6% s. Electric Bond & Share
.362
Electric Power, and Light...
134
13
10
0.40 General Electric
25%
201
1.00 General Foods
381
1:00 General Motors
314
301
24
10%
1. Gillette Safety. 1.20 Gold Dust
13 181
24
Yen.
414
10
0.00 International Harvester
424
113
68
7.00
1)
116
115 bid.
2
20
.109
B
4.00 Liggett Myers "B".... 1.00. Loew's I...
84
24
મ
Montgomery Ward ......
27
201
2.80 National Biscuit
18)
100% National City Bankin
- 10
1.30 National Dairy Products
0.60 Otis Elevator
The market opened with sellers at 1/44, bayers bidding 1/4 13/16 at which rate business was done for second half July and August followed by a small transaction at 1/4 27/22 August and also 1/4 7/8 September. The market closed at lunch time with sellers at 1/4 25/ 39 July/August and 1/4 13/18 September, buyers at 1/4 13/16 On demand... 61 July/August and 1/4 7/8 Septem- ON SINGAPORE:- of its price is a question which is
On demand of interest to all silver-producing ON BATAVIA countries, and
to those holding On demand large silver stocks. Mexico, being On Song:- the principal silver producing coun- On demand try in the world, earnestly advo- ON BANGKOK :- cates such a rehabilitation.
On demand SOVEREIGNA, Bank Buying
Rate BAR SILVER, For 18 16/16
SHANGHAI RUBBER SHARES
BENJAMIN & POTTS QUOTATIONS.
GREAT BRITAIN'S GOLD HOLDINGS
NEW HIGH RECORD SET BY
Messrs. Benjamin and Potts in- form us that the following are the. latest cabled Rubber quotations re- ceived from our 'Shanghai Office on July 5th.
Anglo Javes Anglo Dutch Batu AnamS Chemors Consolidateda Kroewoeks Repabr
Rate on Rate on June 28 July 6
85,25 2.75
BANK OF ENGLAND
Merchants were quoted at 111 3/4 for near delivery.
Shanghai,
Sellers were indicated at 1/3 1/8 for near, buyers probably at 1/3 8/10 for cash.
Shanghai Dollars, Shanghai Dollars were
111.
quoted at
IN THE AFTERNOON. : The market was quiet in the afternoon.
Sterling.
London, June 30.-New high, re- cords are being set up monthly an regarde the amount of gold coin and bullion held by the Back of 13/16 for August and
Business was Hone at 1/4) England.
second half July, finishing with sellers at The figure on June 21 WAR 1/4 25/22 July, 1/4 13/18 August, £186,000,000, which is £2,000,000 aver buyers at. 1732 higher respectively. the record for May.
dold Dollars, busines
"
401
(Preferred) International Tel & Tel.
107 2.00 Pacific Gas & Electric ...
Packard Motors ....
0.50 Pennsylvania Railway
Radio Corpn......
"Sears Roebuck
1.00. Standard Brands
Standard Ga
1.00 Standard Oil Co. of New
Jersey Zariaden
Bocony-Vacuum Corpn.
1.00 Texas Corporation Trans America
1.00 Union Carbide & Carbon 6.00, Union Pacifier.
$5.25
2.75
费
.36. .37
.37
37.
1.05 1,60
121
.43
6:00 ** 5.75
Compared with the same date No idst year, there is an increase of The market closed with sel reported £52,000,000, the total holdings at lers at 31-1/8-July and 31 1/4 the end of June 1932 being August, buyers at 1/16 higher rés- £136,000,000.
pectively.
авт
14
0.40 United Corporation
United Air and Transportir
184
62
Tanah Merahs 1.00 Tebongs Ziangbes
United States Steel
Westinghouse E. & H.
34
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