DAILY SHARE QUOTATIONS'
HONG KONG STOCK
EXCHANGE.
SHAREBROKERS'
ASSOCIATION, -'
HONG KONG DAILY PRESS, THURSDAY, JULY 20, 1933
MONEY AND MARKETS
MARKET
12 Ballers
Kalen Nominal
WEDNESDAY,{
JULY 19.
Bellere Base
Bajpa Novotna
Bank
U.S. INVESTMENTS HONG KONG STOCK |
$1.760 H.K. Banks
£132.
216
CO!
Do. (London) ... Chartered Banks... 8241 | Mercantilo Bks. “A”
Do.
$20
Bank of East Asia...
Am. O. Fin.Corp: 8.
$5.40 Ch Fin. Corn Ord. 8.
35.00
$101
(N. O. & S. Barks
*****
$1,760
Railroads
£13
$7
...
160
$310 $2.40
Do. Pref, S
Insurance
Canton II) COQ .....
$2.80
Underwriters
*$545
Union Insurances... 4
$695
China Fires......................
A.K. Fires
3890 $262
$43 International Arace. S.
Shipping
$32.0. Douglass
$34 $3.8
$30
$10 52/ $15
#18
Steamboats
10
$30
Indos (pref)
108
8324
Du. (def.)
544)
Shells
#16
Waterboats
444
441
Mining
327
25
Bengueta...**** Venezuela Gold Flds.
$30
$4.80
32/G
25/
$164
$164
34
$4
$6
$9,50
12/
Kailans ******** Langkuts (single) 9. Exploration.......
$6.40 Shanghai Loans
$10
Raubs
Tronoh Mines
28 cts. Benguet Explorations
$127 +385
$1.45
BIGA
$10
Docks, Wharvoa,
Godowns, atc.
H.K. & K. Wharves. $1261)
Providents (old)" ...
Do. (uew) ...
H.K. & W. Docks
8. China Motors' A
Do.
"B"
$100 Shanghai Docks S. New Engineerings S.
UFA
#310 Hongkews ..................... Lands, Hotels, and
BY ASIA LANDS, LIMITED
IL
July Aided by the double stimulus of expanded railroad traf fe and earnings and constructive legislation, rail stocks have partici. pitted actively in the recent market decisively upswing, and have broken through the resistanco levels formed by the 1932 tops. The major present uncertainty is the apparent necessity for addi- tional reorganizations of certain of the carriers, and conservative in vestment policy at this time 'die tates the weeding out of equity holdings in such situations. At the same time, continued retention of existing commitments in the sounder shares is amply warrant ed, and gradual accumulat 1, in favourable markets, of rec rend.
ed issues is still advisabl
Roads holding strongest position. by reason of earnings or financial condition, or bath. the continued financial integrity of which in 1933 is unquestioned:
Alabaina Great Souther
Atchison, Topeka and Santa Fe.
Atlantic Coast Line,
Bangor and Aroostock."
Chic, Burlington and Quincy. Cincinnati, N.O. and TP.
410
$3.90 $3.86
$2.40
Central RR of N.J..
$17
Chesapeake and Ohio,
$140
Clinchfield.
371
Colorado and Southern. Denver and Salt Lake. Delaware and Hudson. "
Buildings-
H.K. Hotels.
$71
332
B.K Lands.........8.) Shanghai Lenda...., 8.
$14
Metropolitan Lande..
18.10.K. Realties.
$:5
$137
Do. Debeatures.
314
Chin Do...S.
Humphreys ******
New Asia Hotel $50,40
$140
Asia Realti “A”S.
$20
Do, "B" S:
L
57
Chinese Estates
**
Cotton Hills
$772
$7.90
$14
$15.10
#169
$144
190
315
-
Hudson and Manhattan. Kansas City Southern.. Long Island. .
Louisville and Nashville. Missouri-Kansas-Texas. Nash, Chatt, and St. L N.Y., Ontario and West. Norfolk and Western. Northern Pacific. Pennsylvania.
Pitts and Lake Erie. Reading.
Texas and Pacific.
Union Pacific.
Virginian
Western Maryland.
Wheeling and Lake Erie.. Roads in intermediary positions and pussessing possibilities for ulti- mate recuperation, but which are in a weakened situation because of im- minent, maturities, large outstand- ing loans and/or unsatisfactory earning power;
Group A (best possibilities):
Alton.
Baltimore and Ohio.
Boston and Maine.
$14
$15.20 Ewos
8109) S'hai Cottons......S.
Zong Singe... S.
$91
Wing On Textiles(S.);
Public Utilitieg
23.20/50
Tramways...
$23.20
$154
Peak Trams (old)...
$72
Do. (new)..
STI
$44
$26
$12.86
312 401
373)
1251 $13
74/738
Star Ferries....... 394
Youmeti FerricE
$23
China Lights (old)...) $13
$13
H.K. Electrica...
$23
Do. (now)...$12.40
Macao do
$731
110
Sandakan Lightä ........
Del., Lack. and Western.
1314
Telephones......
$31.20 $31,201
Tilinois Central.
$11
China Buses...... S.
N.Y. Central.
2/-
Tractionaura
107.
Do.
(pref.)
Industrials
$15
Malabon Sagars
$16
$20
Caldbeck, Yord.) 9.
ties):
$16
Macgregoraf(pref.)B.
$8
Canton Ices
$6
C.M. St. P. and Pac.
Cements (comb.)...
Erie C. St.
$8
Do.
(old)...
Great Northern
$1
Do.
(007)...
Ropes
Miscellaneous
12'4
3121
$11
Dairy Farms $29
Der A Wing
Amusemente........
Ch. E'tainments.
$3.90 | Constructions, (old)|
,29) ots
***
$1.20
$21
$14
Do...
(new)
$4.15
Lane Crawfords.. Mackintoshu
Nanyang Tobacco...
Sinceres
Watsons......
Wm. Powella
$12
$4
85 cta
$41 $13.80
397
$1.50
$2
$2.10
$110
M. Greyhounds......
$31
S. C. Enterprises
United Theatros... 8.
79"
B. Ind. G. Bonds... 80",
prem.(Assented)
H.K. Cort, Loans... 8:4)|(Assented)
$8
Wallace Karper...
$185
H.K Wing Ou S'hai
Do
8165
NY. N.H. and H.
Rutland.
Southern Pacific.
Group B, intermediate possibili.
Chicago Gt. Western.
Lehigh Valley.
Maine Central.
N.Y., Susque. and West,
Pere Marquette.
Pitts, and West Va.
Southern Railway,
Group C (poorest possibilities):
Chic., Ind. and Louis.
Chic and N. Western.
P., Minn: and Omaha, D. and R.G. Western. Detroit and Mackinac. Dulo, Share and Att. Gulf, Mobile and North. Minn., St. P. and SSM. N.Y., Chie, and St. L. St. L. and So. Western. Western Pacific.
Roads operated by Receivers
Trustees:
Ann Arbor.
Central of Georgia.
$190
Chic. and E. II.
YESTERDAY'S OFFICIAL QUOTATIONS
There was no indication of any material change this morning, it being a Wednesday short session.
The Utilities, however, as aiso Insurances and Hg. Lands have continued
to maintain firm undertone, and not easily procur- able at the official quotations,
Sales,
Union Insurances. 8543. Providents (New), 81,#... Hong Kong Trams, $23.20/23). Yaumati Ferries. 825), China, Lights (Old), $13. Electrics. 874/73}. Telophones $31. Dairy Farms, 8981. Lane, Crawfords, 1.20.
Buyers.
Bank of East Asia, 8101. Canton Insurances, $300. H.K. Fire Insurances, 8260. Providents (New); $140. Hotels, 871.
Hong Kong Lands, $77, Hong Kong Trams; $23.15. Star Ferries, 2011. Yaumati Ferries. $26. China Lights (Old), $12.85. China Lights (New), $12.40. Electrics, 8738.
Cements (Combined), $4,20. Dairy Farms, $281.
Watsons, $0.
PREFERENCE IN F.M.S.
Official Report Of First Year's Work
GRAVE FALL IN TRADE FIGURES
The report of the Commissioner of Trade and Chistoug for F.M.S. the Hon. Mr. W. E. Pepys states that the year 1932 witnessed a general shrinkage of the trade of practically the whole world, and the value of the trade of the Federated Malay States declined to 60 per cent. of that 'recorded for the previous year.
The majority of commodity prices have also fallen and current market quotations for many pro- ducts are below the cost of produc tion. Until better prices prevail for the tin, rubber an other pro ducts exported from theee Statca, there can be no real improvement in local trading conditions.
The exports and re-exports dur ing 1932 have fallon in value to 888 millions, about a lifth of the value of the exports recorded in 1926 are lower than in any year since 1909, while the value of im
Gort. Loans, 41% Prem. (Assent. ports has fallen to $71 millions the
ed)...
Sellers. Underwriters, $2.40.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.. REPORT
Messrs. Roza Bros. have for- warded us the following exchange market report for yesterday:-
Silver prices rose 1/10 yesterday. for both deliveries, the quotations being 182. for Ready and 18 for Forward. Silver advices reported speculators
સફ
lowest since 1915.
ין
Tin, Rubber and Copra.
fror. The price of tin varled 852.87 to 881.76 with an averig of 869.73 per picul. The price of rubber varied from 5 cents to 10 cents with an average of 7 cents per pound. The price of copra-- varied from $5.10 per picul to 87 per pigul with an average price of $5.76 per picul. Rubber was in 1932 about 43 per cent. of the was 46 per cent. and in 1930 it was whole export. In 1991 the figure 54 per cent.
Oil Palm Increase.
The production of oil palm pro- having bought. ducts shew an increase in volunt. America also bought. The tone at The experts of oil were 50 os, the close was steady. In America of kernel 1 72 tons, apsis 4,177 the rate was higher at 40 13/16 for tons and 641 tons respectively inst near delivery. The market was year. The London pr which were £20 178, ed. and 11 s. per firm.
New York advices reported the ton at the close of the year 1931 opening rate at 4.82) and the clos- rose to £21 79. 6d. and £13 12s. 6d. ing rate at 4B).
in February but fell in June to £15 and £10 76. 6d. "There was an improvement later and at the close of the year the prices were £1 58. and £11 58.
Market.
Uncertain at the opening but later eased off and towards the elose reacted alightly.
Sterling.
The export of tinned pineapples from the Klang factories increased The market opened with sellers from 1,843 tons to 8,151 tons, the at 1/5 9/16, buyers bidding 1/5 increase in both quantity and but business was soon dene at 1/5 value being nearly 70 per cent. 9/16 for near delivery' followed by Other local manufacturing indus transactions at 1/5 17/38 for July tries shew little or no advance August and 1/5 for July/August, over 1031. Export of local rúb Later 1/5 7/16 was algo arranged
ber manufactures for August delivery.
dropped from The market closed with sellers at
8244,000 in 1031 to 8189,000 in 1932. 1/57/16 July/August and 1/5 15/32 Sep- salt Ash increased by per cent. The export trade in dried and tember, buyers at 1/32 higher res- pectively.
Gold Dollars.
in volume without an appreciable change in value..
Preferential duties were first in- troduced in the Federated Malaý States in March, 1989 and
augmented in October, 1832, owing to the Ottawa Agree-
The market opened with sellers at 351, buyers bidding 35) for near leading to business at 361 October, 301 October, 28 September and greatly August. The market then eased of and business was done at 35 for menta. cash and 35 9/16 and 35 for near. The market closed with sellers at cope with the increased work in 35 July, 35 9/16 August and 3531/18 September, buyers at 1/8 arising out of the Ottawa and other or higher respectively.
ESIDENT LINERS sail 1,591.000 milis every year......
13
Weekly Sailings Transpacific
To San Francisco, Los Angeles & New York
To Seattle and
Victoria
via Panama Fortnightly sailings on Wednesdays Pres. Grant.............Aug. 2, 6 mm. Pros. Coolidgo.....................................äg. 16 Prea McKinlay......
Aug. 30 Prea. Hoover. ........ Sept. 13 Pres. Lincoln,.
Sept. 27 ROUND TRIP FARES TO EUROPE & AMERICA.
Direct Special through rates to Europe via United States. connections with all Atlantao lines, Choice of rail lines soroES United States and Canada, liberal stop-over privileges for Sight-seeing. Full particulars upon application.
Fortnightly sailings on Saturdays Pres. Jefferson ..... July 21, Midnight Pres. Cleveland ............. ....... Mång. 11 Pres. Jackson............. Aug. 25 Pres. Jefferson...
...........Sept. 8" Pres. Cleveland.......... Sept. 30
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Menile, Straits, Colombo, Bombay, Suez Canal,' Alexandria, Naples, Genoa, Marseilles, New York and Boston.
July 22
Ang, 19
Pres. Pierce..... Pres. Monroeg. $ Pres. Van Buren
8.
Free, Garfield Sept. 2 Pres. Polk repea
..Sept. 16 Pres. Adams.......Sept. 30
TO MANILA
Next Sailing
Pres. Grant..........
་་
Aug. 16
....... Pres. Pierce July 22, 8 a.m. .....July 25 Prea. Van Buren Prea, Monroe.............. Aug. 5, Pres. Cleveland Aug. 5 Free. Coolidge
...Aug.
Pres, Jackson
Pres. McKinley...
8
Pres. Garfield
Aug. 19 ...Ang. 29 .....Sept. 2
Connecting with 8.8. MAYON To CEBU, ILOILO. ZAMBOANGA
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING-HONGKONG, '
CANTON BRANCH, SHAXE ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG.)
Tel. 28380-Gloucester. Building,Room 808.
(REUTER'S AMERICAN. SERVICE)
New York: July 18. Dow Jones. Averagos:
30 Industrials
20 Raila
20 Utilities 40 Bonds
High- 1932
108.27
56.53
37.56
88.04
Low: July 17. July 18 41.22 108.27 106.67 55.63
13.23 5.10
Change
,40 up
.53 up
16.53 37.66 37.51 ,05 down
05.78 88.54" 80,07 23 .up
Asia Lands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. We think a substantial amount of proft-taking is under way in the so-called "alcohol" stocks and believe that such profit-taking in entirely logical. We also believe that the whole market is somewhere near the top, at least for the time being, but the market is so broad it can have cross currents and contr ary movements in individual issues for some time to come. Wheat. There was a sharp reaction under heavy realising. Support developed later, with large trading on Canadian reports being sensationally bullish. London news was encouraging. Secretary Wallace has announced his intention of effecting acreage curtailment in the coming season. Cotton: The market is narrow, though hew highs have been established with purchases by foreign sud domestic spinners of new speculative accounts The technical position is good with the strength of Sterling the absence of material rainfall infuential factors. Silver: Profit-taking caused a decline following the opening. Later a good commission house demand developed, carrying prices upward for the balance of the day. Foreign and bank selling was absorbed on the advance.. Business Done: 8,590,000 shares.
LAST SALE
80
1932
..KIOB
DIV. 8 Low PER. SH.
F
July 11. July 18.
1011
30%
181
422
3.00 Air Reduction 6.00 Allied Chemical & Dye
#101) $100)
129
131
95
4.00 American. Can
941
95
*40%
American Smelting..
40
421
1378
70+
9.00 American Tél. & Tel,
.. 131
132
93
44
5.00 American Tobacco B
408
1.00 American Waterworks
40€
207
were
211
3
Anaconda Copper Mining
21
1511
282
2.00 Aubu
78
201
4
Bendix Aviation
201
43)
18
180 Borden Company
30
361
No extra staff was engaged to
209.
71
Canadian Pacific
20
20
09
161
J. I. Oase
961
March, but the volume of work
28
4
0.50 Caterpillar Co.
47
17
2.00 Chase National Bank
344 bid 34 bið
duties imposed in October necessi- Yen,
Lated an increase of staff of eight Merchants were quoted at 11s clerks and 29 outdoor officers. Ne- for near delivery.
37
ŏ
1.00 Chrysler Motors ....
361
37
31
3.40 Consolidated Gas of N.Y. "..
611
68
45
Curtiss Wright
4
Shanghai Dollars.
Were quoted at 111 July. (Continued on previous column)
frenchment during the year includ- e-six clarks and 23, outdoor, off- cers, so that the net increase in spite of the many new duties was two clerks.
61
3.00 Drugs, Inc.
543
54
22
2.00 Du Pont de Nemours
82
189
871
351
3.00 Eastman Kodak ......
Electric Auto-Lite Co......
21
6%%s. Electric Bond & Share
Electric Power and Light..
0.40 General Electric
199
1.60 General Foods
-1.00 General Motors
10%.
1. Gillette Safety
1.20 Gold Dust.........
10%
0.00 International Karveitar
21
201
International Tel. & Tel.
---4.00 Liggett & Myers !! B
1.00 Lew's In
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 Agente
John H. Ferguson & Co.
32, B..Q. Shameen.
Tel. 18624.
C.R.I. and P.
Florida East Coast.
Int'l. Gt Northern.
Minneapolis and St. Louis. Missouri Pacific.
Mobile and Ohio,
New Orleans Gt. North. N.O., Tex. and Mexico.
Norfolk Southern.
St. L.-San Francisco. Seaboard Air Line. Wabash.
Wisconsin Central.
Railroad Equipment Equities.
The most attractive media for participation in the favourable long term prospect of this industry in- clude:
Amer. Car and Foundry.
Amer. Locomotive.
Amer. Steel Foundries.
Amer. Brake Shoe.
- Gen Amer. Trans...
Westinghouse Air. Brake.
From "Standard Trade and Securities."
Bhangliai "
Early advice indicated sellers at 1/3 11/16 but later the market eased off to 1/37/18. Towards the close the market reacted slightly and sellers came out again at 1/3) for nest, buyers at 1/3 8710 July
PACIFIC ORIENTAL
MONTHLY CARGO AND PASSENGER SERVICE
M.S. "JUTLANDIA" Sailing on or about FOR SAN FRANCISCO, ETC. 31st JULY
CARGO AND PASSENGERS ACCEPTED FOR SHANGHAI, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC. THROUGH BILLS OF LADING ISSUED TO
· OVERLAND POINTS.
Excellent Passenger Accommodation
Passanger fare Hongkong/San Francisco 08120 (1st class only) For Freight and Passage, etc, please Apply to:
The East Asiatic Co., Ltd. The Chinese American Shipping
JOHN MANNERS&CO.LTD.
Company Agent:s
HONG SLING.
Office: Marcantile Bank Building (top s2001), †, QUÈnna RD, CZYTRAI,
TELEPHONE : 24071.
Montgomery Ward
2.80 National Biscuit
187
1.00 National City Bank
sal bid 381.
10
1.20 National Dairy Producta
0.60 Otis Elevator....
104
2.00 Pacific Gas & Electrio
Packard Motors
0.50 Pennsylvania Railway"
387
Radio Corpp.
Bears-Roebuck
1.00 Standard Brands.....................
Standard: Gas
1.00 Standard Oil Co. of New
Jersey
Socony Vacuum Corpn.
1.00. Texas Corporation
Trans America. 1.00 Union Carbide & Carbon
IB
128
27 6.00 Union Pacific
United Air and Transport... 0.40 United Corporation United States Steel Westinghouse E. & S
201 x 205
40%
14 15 29.
48
1251
48%
34
* 3 3 + 463 3385^c=707 T-5-581A8E
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