”་་
DAILY SHARE QUOTATIONS
-HONG KONG STOCK
EXCHANGE.
SHAREBROKERS'
"ASSOCIATION.
Bayers) Baller
Bales
Nomla)
MONDAY. JULY 17.
Mayers
*
$1.770
£133
294
£91.
$101
#20
$300
$535
in
JTHB
Banks
E.K. Banksì...... Do. (London) (→
£168 Chartered Banks....
Mercantile Bk. "A"
Do.
Bank of East Asia... 310!
N. C. & S. Barks
Am. O. Fin.Corp: 8.
$6.40 Ch Fin. Corp. Ord. S.
35 00
$2.40
1596
Do: Pref. 9
Insurance
Canton Insurances,
Underwriters .....
Union Insurancën ...
China Firesun
3202 H.K. Fires
$41 International Asace, S.
Shipping
$32.80 Douglases ....
THORHI
$7.19
Bales
Bamtal
14
tal
!!!!!!
31,810
213)
201
$310
32.40
#A50
$591
$262
***
534
BIN
Steamboats
BLA
$30
Indos (pre!)
1324
Do (def.)
830 $10
55,-
Shells
$15
Waterboats
50/-
310
Mining
127
Benguets.
$30
Venezuela Gold Flds.
14,80
32/6
Kailans
$18
Langkats (single) 8.
25/
3.
34.
36
***
HONG KONG DAILY PRESS, TUESDAY, JULY 18, 1933, k
1
$
MONEY AND MARKETS
CONDITIONS IN JAPAN
British Commercial Counsellor's Report
· REASONED OPTIMISM ''
The British Department of Over- seas Trade has recently published a report on the Eegnomie Condi- tions in Japan, 1939. The present
issue is the work of Mr. G. B. Sausoin, C. M. G., Commercial Counsellor of the British Em- bassy, Tokyo, and it is distinguish, ed for its breadth of view, and reasoned optimist.
Looking back at various adver- sities in 1931, the Report recalls how, at the beginning of 1932 Japan became involved in hostilities, in Shanghai, was heavily involved in Manchuria, and was struggling against the adverso influences of higher tariffs all round, floods in Ching, the world slump, Britain's abandenment of the gold standard, $18) and many other handicaps, so that "it might well be said that the country could hardly have been $9.80 faced by a more dispiriting out look." An impartial observer, it says, is bound to admit that in the circumstances Japan has tack- led her economic problem with re markable self-confidence and cour Agt.
12/.
Providents (old)
$3,86 $3.95 $3.90
**
$1.40
Do. (now)... $140
#16
$17
$10
18
S. China Motors' A'
Do.
38
$3,80
$4
Explorations......
38.40 Shanghai Loans.
$101
***
Raaba....MIPLUUDET) Tronoh Minos
2་་*་
28 ote. Benguet Explorations
Docks, Wharvos,
Godowns, 'sto.
$129 H.K. & K. Wharves. 31161)
H.K. W. Docks
"B"
$100 Shanghai Docka 9. #74
New Engineerings 8. Hongkawi .........8. Lands, Hotels, and
Buildings
H.K. Hotels H.K Landa...8.. Shanghai Lands...8. Metropolitan Lands.. H.K, Kealties.***** Chins Do...8.
Humphrojs
$71
$7.30 $77)
$73
$340
++L
་་་
$8
Staple Industries do Well. "Though the year began with a dispiriting outlook, the intensive. $150 military propaganda in Press, on platform, and by radia, counteract- ed all depression. The Report notes the great advances made by the staple industries in Japan dur- ing previous years, and attributes the improvements effected to the compulsion of adverse times, com- ing afton the boom days when quality was hardly considered. It remarks that the banking system, too, thanks to the lessons learnt in the financial panic.of 1997, had been strengthened by a process of elimination and amalgamation," As for the agricultural distress in the north during the year, the Re- port considers that "There is good reason to believe that the press ac counts of suffering among farmers
$790
$32
$14
$8.10
$10
$137
Do. DebenturesS.
$14
$14
$140
Aria Realtics "48.
$20
Do.
"B" B
$.+7
Chinese Estates......
Cotton Milla
$16.20 Ewas ............8. 8109 Bad Cottons......S.
8141 Zoong Sings...S. 301 Wing On Textiles(S.).
Public Utitio
!! ⠀⠀
1:31:
$15 $100 $144
$90
1
$12 40
31
***
FAR
$23
$23
Tramwaya ..................
$221
$15
Peak Trains (old)....
372
Do. (new)...
$74
4
Star Ferries.
$84
$27
Yaunati Forries.
$23
$19
China Lights (old)... #1280 $13
$12.00
$12.38
Do. (now)...
1731
H.K. Electrica
$73
123
Масло до
Tale phones
8013
1/4
13/-
315
Malabon Bugars
320
Caldbeck, Tord.) 8.
***
316
Macgregora pref.)8.
16.20
16
31
Do.
59
$704 Sandakan Liglıts '.....
China Busos...... 8.
Tractions
Do. {pref.)......
Industrials
$23
Canton Ices
Cements (cumb.)... 16
Do. (old)...
Ropes.....
(DHW)...
Miscellaneous
Dairy FarmANITY
Der A Wing.....................
Amusements ...................
Constructions, (old)!
Do.
Lane Crawforla.....14.10
Mackintosh ...............
Nanyang Tobacco...
Bincares.....
Watsons
(new)
$4.95
12:1
31A
35
$17
391
85 ets
$4/4/30
124
$124
3114
Ch. E'tainment......
13.00
1.20 ots
$4.40
#21
$14
$2.10
Wm. Powell
310
M. Greyhounds
',
331
&C: Enterprises ...
$2.
84
United Theatres... B.
-7977
8. Ind. G. Bonds... 80%
prem
(Anson|ted)
ILK. Gort, Losno...] 3:04
38
Wallace Harper
**
$188
123
China Sports Ltd
B.K Wing On.... B'hai Do
$165
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL
QUOTATIONS
in
The undermentioned жего strong demand to-day, and regis- tered alight advances, namely:-
Hong Kong Lands,
Hong Kong Trams,
Star Ferries,
Electrics,
Telephones,
Dairy Farms.
JAVA SUGAR MARKET
Messrs. Pentreath & Co. have forwarded us the following, repőri dated July 6 on the Java Sugat Market, from the Maclaine Sugar Co., Sourabaya:---
India. There is nothing to add to the old code phraseology--" dull and- nothing doing."
China-Activity in Shanghai re- ported last week has subsided but Hong Kong has bought a few thou- sand tons of Whites and Browns for shipment by nearby steamers.
The rest of the market remained West of Suez.-The Nivas ne- unchanged.
Hotels, $7.35.
Sales.
Hong Kong Trams, $23. Electrics. 873.85.
Buyers.
Hong Kong Banks, $1,760. Bank of East Asia, $101. Canton Insurances, $300. Union Insurances, $510, Providenti (Old), $3.85. Providenta, (New), $1,40., Hotels, 30,
Hong Kong Lands, #77), Hong Kong Trams, 823.10. Star Ferries, $94.
China Lights (New), #12,35. Electrics, 873,60. Telephone $31.10. Cementa (Combined), 1. Dairy Farms, 8287. Watsous, 39,
cepting slightly less than the high- cst prices obtained laat week re- sulted in further considerable sales to these destinations.
The.N.I.V.A.S.-Total sales pÓW amount to:-
733,881 Tons Superor
8,700 Tons Superior Seconds 274,033 Tona Brown
17,314 Tons Molasses which shows" an increase of
23,854 Tons Superior 8,482 Tons Browns.
B.I. Conference Rates of Freight for shipment up to and including September are the name as those At present in force.
Exports for June are estimated. at 1,500 tons of which 6,700 tans to the East Coast of India and 23,500 tona to the West Coast. Exports to India were therefore
Govt. Loans, 4% Prem, (Assent just about one-third of the total
ed),
Sollers.
Union Insurances, $550., Yaumati Ferries, $27, Lane, Crawfords, $4.40:
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.. REPORT
for-
r the month.
1933 Campaign.-69 Mills Arc grinding and two'mills have already finished their campaign.
General: Today we receive from the Batavia. Exchange Mar- ket the not unusual advice to treat all quoted rates with reserve, very few Banks being operators to any extent. The critical position of the Economic Conference at the time of writing is not at all encouraging and should it definitely collapse wr find it difficult to foresee how coun- Messrs. Roza Bros. have
tries on the gold standard, such as warded us the following exchange Java, will conduct any business at market report for yesterday:
all, especially if, as seems prob. Silver prices were unchanged able, the daily fluctuations of non- over the week-end, the quotations gold currencies are larger than remaining at 18 11/16 for Ready and formerly, Whilst some feeling of 18 13/16 for Forward., Silver ad- sympathy for those countries which vives reported the market as being maintain the gold standard is per very quiet, India sold and China has not unnatural, it would seem bought. American silver was un-
that they are placing an almost too of party politics behind the agitachanged at 403 for Spot." The mar heavy burden on their commerce tion which brought the problem into ket was steady,
and industries. If only to avoid the foreground.
their own internal collapse will they, not be forced to devalue their with that of Great Britain and currency to a level commensurate America?
Whites Brow THE
1,0.001 f.6.23
1.4.08 1.3.72
were more often sensational than exact, and that there were motives |
Silk and Rice.
New York Advices reported the opening rate at 4.771 and the clos ing rate 4.78 The market was quiet,
( 22 Market. Dull, the tone was steady.
Sterling.
No business was reported. There were sellers at 1/5 11/32 July, 1/5/ August and 1/5 13/32 September, buyers at 1/32 higher respectively.
Gold Dollars.
Self-supply has its drawbacks. Mr. Sansom's report mentions how delicate is the balance between too much and too little. in a country which likes its own rice best, and which is partly industrialised and consequently has a large demand in the cities. An abundant erup finds a low price, while the least short- age sends the price up. So, too, when the cultivation of rice has been successful in Formosa and Korea, and these regions have a surplus, which can find little out-p.m. with sellers at 34 11/16 July let except to Japan, the price is and 347 August, buyers at higher liable to go down with & run. respectively. Again, there is the enormously, im- portant production of silk; and when for any reason America buys less than the usual quantity, the farmers in Japan suffer. "It must
A small business was done early in the morning at 341 for near delivery. The market closed at 1
Yen. Merchants were quoted at 114) for near delivery.
Shanghai Dollars. Shanghai dollars were quoted at
for near delivery,
Shanghai.
Quiet. Business was reported at 1/3 9/16 with sellers at that rate, buyers at 1/3) July.
IN THE AFTERNOON, The market was a shade easier in the afternoon,
Sterling.
be remembered that these two pro-111 ducts, rice and silk, are 80 parar mount in Japanese agriculture that $12.00 there is no other crop which can
$11
restore the balance in bad times." $4
Iron and Steel. The Report in reviewing Japan- Fese industry deals chiefly, with the industries connected directly with $42 $13.80 import and export. We learn that in spite of the subsidy for cast :$93
iron, imports of ore tend to de- $1.50
crease while imports of pig and *..
serap increase. And 88
for the great steel combine, in spite of its completion having been so often announced, it had not really mate- rialised at the time of the writing of the Report, so presumably it is $190still the subject of argument, it being very difficult to satisfy all the interests concerned. In conace tion with the steel industry there are some interesting particulars about the Osaka ship-breaking in- dustry.
Asia Lands Limited
Gloucester Building Tel. 28880 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 Agente
John H. Ferguson & Co.
32, B.O. Shameen.
Tol. 18624.
One of the results of the attempt to create self-supply in iron and steel has been the extensive importation of old ships, which are broken up in bond, and the scrap thus produced, being of a high quality, is sold at a good profit in spite of the low price to the. founders, Curiously enough, though there is a great deal of old Japanese tonnage that would be all the better for being broken up, and though there is the scheme for sub- sidising the breaking up of 400,000 tons of old ships and for subsidis ing the building of 200,000 of new tonnage,, not very many old Japanese ships are sent to the ship breakers. The explanation is, that most of them are so heavily mort- gaged that their owners have to try and make them earn good money for a little longer. Thus complicat ed is the iron and steel industry, and, when the Manchurian projects get well under way, it will be come a great deal, more complicat-
cď
*
The Report.
That is meant chiefly for British commercial consumption is indicat- ed by the tables of Japanese mea Bures, etc, and the terse and point ed advice to visitors.
Bueincea was done at 1/5 11/39. for near and August, finishing with sellers at 1/56/16 July/August and 1/11/32 September, buyers at 1/5 11/39 July and probably August and 1/5 September.
Gold Dollars. Business was done at 34 11/16 for near delivery. The market closed with sellers at 34 near, 341 August and 34 15/16 September, buyers at 1/16 higher respectively.
Shanghai.bo Easier. Buyers were indicated.at 1/39/16 for near, sellers at 1/33 July.
C.I.F. Shanghai c.1.F. Hong Kong (per 100 Kgs.)
(per picul)
EXCHANGE
CLOSING QUOTATIONS
Os NEW YORK:-
RES10 #
Weekly Sailings Transpecific
To San Francisco, Los Angeles & New York
To Seattle and
Victoria
13,
July 21, Midnight.
...Aug. 95 sumin.....Sept. 8 *****Sept, 30
via Panama Fortnightly sailings on Wednesdays Fortnightly sailings on Saturdays Pres. Hoover July 18, Midnight From Jafferson Pres. Grant Aug. Pres. Cleveland Pres. Coolidge.............................d¤g. 18. Pres. Jackson Pres. McKinley Ag, 30 Pres. Jefferson.. Pre Hoover in
*** Pres. Cleveland ... ROUND TRIP FARES TO EUROPE & AMERICA, Special through rates to Europe vis United States. Direct Connections with all Atlantic lines, Choice of rail lines across United States and Canada, liberal stop-over privileges for
Bight-seeing. Full particulars upon application.
Sept. 13
Fortnightly via Svez to Europe & America
འ
Fortnightly sailing on Saturdays via Manila, Straits Color bo. Bombay, Suez Canal, Alexandria, Naples, Gauca, Marseilles, New York and Boston.
8am.
Pres. Pierce........ July 22 Pres. Monroe...Ag. Pres. Van Buren.......
Pros. Garfield
Pres. Palk
Aug. 19
Prea. Adams
TO MANILA
4
Next Sailing
Pres. Grant.......
Sept. 2
Sept. 18
Sept. 3
Pres. Pierce July 22, 8 a.m.
Pros. Van Buren
..July 25 Pres. Monroe.... Aug. A. Pres. Jackson Pree. Cleveland...............Aug,
...Aug. 19 Pres. MeKinley....Aug. 22 ** site. Aug. 19 Pres.'Garfield
.............Sept g Connecting with 8,8. MAYON To CEBU, ILOILO, ZAMBOANGA
Pres. Coolidge..........................Aug. B
DOLLAR STEAMSHIP LINES AMERICAN
LINE
FEDDER BUILDING-HONGKONG.
CANTON BRANCH;4, SHaxer Road.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 18380-Gloucester. Building, Room 300.
́(REUTER'S AMERICAN BREVICK)
New York: July-15. Dow Jones Averages:
30 Industrials
High-1832 Low: -July 14. July 15.
106.35
Change
41.22 105.04
108.10
1.00 up
20 Raila
56.53
13.22 $4.81
04.09
.12 down
||
20 Utilities
37.50
10.03 .37.18
37.10
.01. up
40 Bonda
$7:47
05.78 88.51
88.88 :17 up.
Asia Lands, Liulted, has received the following report from their New York correspondents, E. A. Pierce & Co. The market does not develop real weakness in any direction. We think there will be renewed interest in raila next week. Wheat: There was heavy speculative boy- ing, influenced by bullish Canadian crop reports. The Trade is very hopeful of a definite limitatien agreement being reached. Cotton: Heavy demand. Influenced by the success of the acreage curtailment plan, new high levels were established early in the day. There was an easier tone later. Reports of rain over the Western areas and procesa. Tax were construed as bearish. Some quartera, however, do not believe it will prove so over a period of time. Silver: A firm tone throughout the session. There was short covering, now investment buying and liquidation. Trade offers were well absorbed.
Business Done: 2,240,000 shares.
شيد
198
ON
LONDON:-
4
July 17, 1933 Telegraphic Transfer.... Bank Bills, on demand Bank Bills, 4 months'
night "Credits,
months'
1932
sight
107
HICH
Low
Drv. & FEL. SH.
:
LAST SALE
July 14. July 16.
Bank Bills, on demand 31 Rom
93
30%
3,00 Air Reduction
$1012
800
Credits, 60 days' aight.. nom
131
+42
6.00 Allied Chemical & Dye
130
131
ON PARIS :-
90+
200
4.00 American Can
921
93
Bank Bills, on demand 6.6 Credits, 4 months' sight +45
30
5
American Smelting...
37
384
137-
701
9.00 American Tel. & Tel.- .....
130
130
ON INDIA:-
93
5.00 American Tobacco "B"
016
DIA
Telegraphic-Transter...
408
}1
1.00 American Waterworks
30
39
Bank, on demand
#4
211
3
Anaconda Copper.-Mining.
15
20
ON SHANGHAI:~~
On Demand ON KOB :-
1512
281
2.00 Auburn Tigging airsoner.
20
46
Bendix Aviation
43
18
1.00 Borden Company; m
201
36
301
1
71
Canadian Pacific
202
20
92
102
J. 1 Case
repa
67 nom
28
4행
0.80 Caterpillar Co.
20
264
17
2.00 Chase National Bank
33) bid 334 bid
5
1.00 Chrysler Motora.........
56.
311
3.40 Consolidated Gas of N.T....
di
Curtiss Wright........
41
23
3.00 Drugs, Inc.
2.00 Du Pont de Nemours
042 54€ BOA
3.00 Eastman Kodak ..
.....
86 67
131
TIDA
Electric Auto-Lite Co.
251
6% 8. Electric Bond & Share ka
374
22
Blectric Power and Light..
18
24 11/16
8
0.40 General Electric
50
30
1.60 General Foods
401
37
334
1.00 General Motors
32#
10
241
171
978
44
117
1181 bid deleted.
21
20
20
08.
372
Montgomery Ward -
281
201
2.50 National Biscuit
577
640
18
1.00 National City Bank
37 bid 37 bid.
1.20 National Dairy Products
34
0.80 Otis Elevator .......
24,
23
221
107
..
2.00 Pacific Gas & Electric...............
Packard Motors
31
31
0.50 Pennsylvania Railway
48...
Radio Corpo.!...
On demand OF MANILA:-
On demand ON SINGAPORE:~~ "On demand Or BATAVIA ON SA100r
On demand On demand CN. BANGKOKI- SoVEREIGNS, Bank Buying
On, demand. Hate......
BAR SILVER, FÉE DE
SP
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE
M.S. "JUTLANDIA" Sailing on or about
FOR SAN FRANCISCO, ETC. 31st JULY
T
CARGO AND PASSENGERS ACCEPTED FOR
SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC. THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.
Excellent Passenger Accommodation
Passenger fare Hongkong/San Francisco G8120 (1st class only)
For Freight and Fassage, etc, please Apply to:
The East Asiatic Co., Ltd.
Agente
JOHNMANNERS & CO.LTD.
The Chinese American Shipping
Company Agent's
HONG SLING
· Offed a MERCANTILE BANK BUILDING (TOP FLOOR), 7; QUEEN'S ED., UINTRAL,
TELEPHONE: 24071,
8.
442
1281
14t
66
50
1. Gillette Eafety
1.20 Gold Dust........
0.80 International Harvestor
7,00
(Preferred) International-Tel. & Tel. 4.00 Liggett Myers "B"
1.00 Loew's Inc.
10
·Jersey
1.00 Texas Corporation
Trane-America
Seara Roebuck.
1.00 Standard Branden
Standard Gae
1.00 Standard Oil Co. of
Socory Vacuum Corpp.
1.00 Union Carbide & Carbon ... 6.00 Union Pacifo: prickim.
United Air and Transport...
0.40 United Corporation
United States Steel
Westinghouse E, & H
300
141:
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