1933-08-05 — Page 13

MARKET

WEEKLY REPORT

LEAGUE OF NATIONS ANALYSIS

A publication by the league of

FIRST CLASS

13

HONG KONG STOCK

**

$1,800

£134

3101 $7

Am. O. Fin. Corp:

A

184

DAILY SHARE QUOTATIONS

HONG KONG STOCK EXCHANGE

Bayer Beltera

Balon Nominal

$101

1 $1,850

[ux div.] £129

E16

ES4

$20

SHAREBROKERS' ASSOCIATION.

FRIDAY. Jayas AUGUST 4.

Banks

HK. Bankingyou**]

Do. (London) ** Chartered Banks .... Mercantile Bks. "A"

Do.

に

"C

Bank of East Asia...

N. C. & 8. Barka...

$0.40 Ch Fin. Corp. Ord. .

d!

Sales aulas-

HONG KONG DAILY PRESS, SATURDAY, AUGUST 5, 1933

MONEY AND MARKETS

SPECIAL EXCURSION

2 CHANCES TO VISIT MANILA

£12

SIX DAYS

THE EXCHANGE MARKET

TWO-THIRDS LOSS OF WORLD TRADE

SIX

MESSRS. ROZA. BROS.,

DAYS

REPORT

15

3500

Do Prof. S

Insurances

Canton InsuranCAO.

$310

$310 $1.10 1550

Underwriters

$535

$350/1355

Union Insurances... $537

3596

China Fires

qua****|

$590

$276

H.K. Fires

85.60

International Asses. 3.

+

Shipping

$329

$30.

ESEA

5:13

510

Douglasea

Steamboats

Unions

334

Hong Kong Lands.

$18

Hong Kong Trams.

..$30

Telephones.

$30

Shella......

59/-

Waterboats

316

Mining

Benguetseny

$351

1354

Venezuelu Gold Fida. | $4,80

28/9

Krilans on sunt fey *

15/-

$10

Langkats (single) 8,

14

Explorations...... Bi

14

Shanghai Loana

110

$6. 19.80 13/-

80.40

20

Indos (pref.)

Do. (def.)

Raabs........

Tronoh Mines

28 cta. Benguet Explorations

Docks, Wharves,

Godowns, sto.

FI.K. & K. Wharvor.

Providents (old)

#71

$337

Market Report for yesterday:-

Taken all in all, the past week the has been uneventful and on quiet side. Nevertheless, no diffied culty was experienced in placing apy parcels of investment issues coming on the market, if not at the quoted rate, certainly at a slight concession. The class of securities

most favoured were:- Canton Insurances.

Dairy Farma.

Star Ferries.

In the lower-priced shares, "Hotels and Cements were on the easy side throughout the period.

Under mining, Benguet Consoli dated and Raubs both registered advances, and are in strong de $161mand at the close.

BUSINESS DONE DURING THE WEEK

Hong Kong Banks, 1840 81503

81844 $1850.

Union Insurances, $550 $865. HK. Fire Insurances, 8275. Benguet Consolidated, 835 838. Land, pr

$129

$129

23.80

$3.80

31.40

Do. (16)*-*

$240

$16

H.K. & W. Docks

$17

$10

B. China Motors A'l

$8

Do.

"B

$148

Tramways, $23.

*

Peak Trams (Old), 8154.

Star Ferries, $96.

Electrics, 874) 871).

Telephones (Com.

Div.), 830

$72 #7.16

$90.

278

Telephones (ex. Div.), 830.10

Cements (Combined), 28.10. Ropes, $8.

$8

Dairy Farms, 820 829) 8291 820), Amusements, 811.40.

$13

Govt. Loans (Cum. Int.), 4) per

cent. Premium.

$7.10 $78

$8.10

$15

$149 Shanghai Docks S.

-

$15

$140.

320

5+7"

New EngineeringsS.

Hongkews........... Landa, Hotels, and

Buildings

H.K. Hotels

H. Lands8. Shanghai Landa...S. Metropolitan Lands.. H.K. Healties...any China Do

Dó. Debentures3.!

Haphreys ...

New Asia Hotel Asia Boalties "A”S.

Do.

"B" 8.

Chinese Estate......

Cotton Mill

Ewo

Zoong Sing

Wing On Textilen(S.)}

401

$137

$14

+

4

$14 65

$108

Shai Cotton................ S.

$141

400

$104

Telephones........

#14

14,68/1470

+24

LON $141

190

Govt. Loans (ex. Int.), 3 per

cent. Premium.

CHANGES (3.15 p.m.) "CLOSING

QUOTATIONS.

Seller..

Cements (Combined), $6.10.

Sales.

Star Ferries, $90, Electrics, B14.

Telephones (ex. Div.), 830.10.

EXCHANGE

Public Utilities

!!

$23

Tramways ............

199.70 $23.80

$155

Foak Trame (old) .......

45

174

Do. (paw)...

$98

Star Ferries $95

$20

Taumati Ferriés, ...

$25

$19.80

China Lights (old)........

$13

$12.40

Do. (DOW)...$12.35

3743

HK. Electrica .......

$74

$23

Macao do.

**

Sandakan Lighta

130

530

***

China Buses.**** S..

21-

Tractions......................

18.

Do. (pref.)

Industrials

$15

Malabon Bugars

AIA

(IN LONDON -

$20

Caldbeck, 1(ord..

Telegraphic Transfer...

$18

Macgregors (pref.38.

46

Canton Icesn

38

Contents (comb.)....

6:10

Do. (old)....

$10% $8.10

Do.

31.

18.06

Li

$23)

+44

$11

$11.80)

$3.96

$21

Ropa

(now)......

Miscellaneous

Dairy Farm Der A Wings.******** Amusements...... Ch. E'tainments........... Constructions, (old)

Do.

$29

(new).20 ct

Lane Crawford,........... ·

Mackintoshs........

Nanyang Tobacco...

Binceres

Watsons

.80 ate $3.90

| $13.60

$9

$2.10

Wm. Fowell.......

310

M. Greyhounds.

15. C. Enterprises ......

14

United Theatres... Sv

791.

B. Ind. G. Bonds...

prem.

$180

$12

CLOSING QUOTATIONS

--August 4,1933.

Bank Bills, on demand 1/4

Bank Bills, 4 months'

right

Credits,4,

sight

Messrs. Roza Bros, have forward-Nations draws attention to the fact

us the following Exchange that world trade had fallen at the ALL INCLUSIVE RATE HONGKONG TO MANILA: end of the first quarter of 1833 to AND RETURN. STEAMER YOUR HOTELS DURING a third of what it was in 1929.. The price for Ready Silver rose 1/8 yesterday and Forward 1/16, The average prices of goods.enter-3 making the quotations 17 7/8 foring into trade had fallen, by nearly Ready and 17 13/18 for Forward, half. Whent on one of the biggest Silver advices reported China and world markets at one moment touch- India as having bought. Offerings prices lower than what it has were small. The Continent also fetched in the last four centuries. sold. The tone at the close was The actual quantum (amount of steady with buyers at quotations. goods exchanged had diminished In America the rate was higher at by over a quarter, and the down- 1/4 for Spot. The tone was ward trend shows no signs of stop-

ping. steady.

New York advices reported the opening rate at 4.53 3/4 and the The market closing rate at 4.52-1/2 The last rate done was 4.51. was narrow.

Market. Dull, the tone was steady.

Sterling.

#.

L

in

The fall is due mainly to "less trade in manufactured articles. pression, it was caused primarily During the early part of the de by the reduced purchasing power of the non-industrial countries. Their products fell most in pries

increase With the enormous trade barriers in the form of higher tariffs, quotas and exchange con- rols, the centre of gravity of the trade depression has moved from non-industrial to industrial, from debtor to creditor countries. The exchange of manufactured articles between the industrial countries has recently contracted, more heavi Business was reported at 32 11ty than the more indispensable ex change of manufactured articles 16 for November delivery. There and primary products between in- were sellers at 30 August, 32 1/8 dustrial and non-industrial couns September, buyers at 1/8 higher tries. respectively.

A small business was reported at 1/4 29/39 for near delivery. There were sellers at 1/4 29/32 August, 1/4 15/16 September and 1/4 31/32 October, buyers at 1/4 15/16 for cash, 1/4 31/32 September and 1/3 1/92 October.

Gold Dollars,

Yen.

The share of industrial countries in world trade, which rose during Merchants were quoted at 114 1/4 the early part of the depression,

fell in 1839 for near delivery.

Shanghal Dollars, Were quoted at 112 1/4 for cash.

Shanghai,

Sellers were indicated at 1/3, de buyers at 1/3 1/16 for near livery.

IN THE AFTERNOON. The market was quiet in the afternoon, the tone was steady.

Sterling,

In Sterling no business was re- ported, finishing with sellers at

1/4 1/4" 15/18, August,

31/32 September and 1/5 October, buyers probably at 1/39 higher respective ly...

Gold Dollars.

The market closed with sellers at 32 1/18 Augast, 82 3/16 Septem- ber, buyers probably at:32 3/16 for cash and 32 3/8 September,

LONDON EXCHANGE

RATES

*;

[BRITISH WIRELESS SERVICH.3

-84-21/32"

4.43 1.814

{42

Paris

montbs'

New York

Montreal

Brussels

ON NEW YORK:-

Bank Bills, on demand 31} nem

Credits, so days' ajght.. nom -.

ON PARIS-

Bank Bills, on demand 595 -

Credits, 4 months' sight (25

ON INDIANATKA

Telegraphic Transter... !

ON SHANGHAI :--

***

On Demand

$18,80 ON KOBE:

ON MANILA-

H.B. Gort Loans .....| $143|ex int

Wallace Harper...... BLK Wing On

S'hai

ADP

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 Dally Press

On demand

On demand

ON SINGAPORE

On demand

78, ON BATAVIA :—

On demand

OF SAIGON:

Geneva

"23.751

17.13

Milan

Berlin

aiz

Amsterdam Stockholm Copenhagen Qalo Vienna Bucharest

83 3/16 13.90 8.2011.

19:40

22.40

19.00

30 Hom.

565

Athens

3871

39.

110

1114

2361

945

111

113)

Blk บวม

+98

Madrid

Lisbon

Prague Helsingfors Belgrade Rio.......... Buenos Aires

Montevideo

Bombay

Ehanghai

41 official 421 official 34 nom. 1/6 3/32 1/31/10 1/4 27/32 1/21

"On demand

Ox BanGxor: —

Hong Kong

On demand

134

Yokohama

SOVEREIGNS, Bibk Buylog

Silver (Forward)

Rate

1/51

Silver (Spot)

BAR SILVER, per on

171

War Loan AT

17 15/16

06-1/14

PACIFIC ORIENTAL

MONTHLY CARGO AND PASSENGER SERVICE M.S. "FALSTRIA" Sailing on or about

OUTWARD***

For SINGAPORE and MANILA HOMEWARD

8th AUG.

For SAN FRANCISCO, direct 5th SEPT.

CARGO AND PASSENGERS ACCEPTED FOR SINGAPORE, MANILA, SAN FRANCISCO, VANCOUVER, SEATTLE, LOS ANGELES, ETC. THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.

Accommodation francisco from

120%

ete please

Currency Depreciation. While currency depreciation bas contributed to the growth of trade barriers and was probably one of the causes of the continued fall in prices in terms of gold since the dutumn of 1931, it has secured to the exports of the countries having recourse to it a somewhat greater share in world markets than pre viously,

Clearing agreements and dis criminative trade barriers, erected in order to regulate bilateral- trade balances, have, since the autumn of 1901, led to a re-distribution of imports and exports of many coun- tries. This has been very un-" favourable for. certain countries which are largely dependent upon so-called triangular trade.

Particular attention has been de voted to the structural changes in- dicated by the trade figures of certain countries. Many agricultur al produce a greater stars of their consumption of industrial manu- factures, and some of them such as India and Egypt-have replaced a part of their production of agri cultural products for exports by the production of foodstuffs previously imported. Certain indistrial coun- tries have also become more self- sufficient in food products; the in- erease in self-sufficiency has, how ever, developed simultaneously with the impoverishment of both industrial and non-industrial coun tries..

American Position.

One of the most important facte pointed out in the analysis of trade of individual countries contained. in the Review of World Trade Jor 1932, issued by the League Inta!- ligence Service, is the weakening of the competitive power of the manufacturing industry in the United States of América.

By the middle of 1930, the value of the exports of manufactured articles from the United States of America, the United Kingdom and Germany was almost the same and for each of the three was about twice as great as that of Erance. Daring the last quarter of 1993, on the other hand, that of the United States of America represented only. 59 per cent of the German, e per cent of the British and was only plightly higher than the French ex- ports of manufactured goods,

SHANGHAL SHARE MARKET

MESSES CARROLL, BROS. QUOTATIONS:

Messrs Carroll Bros., have re- ceived the following cabled quota tloris of Shinghai shares:-

Sh:2

Chinese Finance Corp. ......: 4.80) International Investment

DAYS STAY IN MANILA.

PRESIDENT CLEVELAND Leave Hongkong Arrive Manila Leave Manila

6 P.M.

8 A.M.

3 P.M.

Arrive Hongkong ... 8 A.M.

Aug. 5th

7th

9th

11th

PRESIDENT COOLIDGE

Leave Hongkong

6 P.M.

Aug. 8th

Arrive Manila

8 A.M.

10th

Leave Manila

3 P.M.

12th

Arrive Hongkong

8. A.M.

14th

Ask For Particulars

STEAMSHIP LINES

DOLLAR AMERICAN

MAIL LINE

FRODER BUILDING—HONG KONG.

BEAKER ROAD.

NEW YORK STOCK EXCHANGE

ASIA LANDS, LTD., QUOTATIONS

(INCORPORATED IN HONG KONG.)

Tel. 28350-Gloucester Building, Room

New York: August 3. Dow Jones Averages:

30 Industriais.

20 Rails ..20 Utilities

40. Bonds

High-183s

** 108.27 07

56.534 37.73

89.07

Low: Aug, 2. Aug., 3.

04.10 -4122-0484

13.23: 47.84 | 20:47 23. 1853-31.78 13.78 88.05.

31.35

67.97

Change 74 down 41 down.

43]own

08: downi

"Asia Tands, Limited, has received the following report from their New York correspondente, EL A. Fierce & Co. The market was essentially unchanged. However, there was a good underlying demand for stocks, although this demand may await soft spots for making purchase. Wheat: The bullish American and Canadian crop reports were off set by slow foreign demand for Canadian wheat. The current estimados of European wheat production, including Russia give 60,000,000 bushels more than the previous season. Cotton: Trading was relatively light, reflecting the uncertainty regarding the crop estimate due on August. 8th. Silver: There is a general indisposition on the part of all classes of traders to press their commitments either way, pending new developments.

Business Dane: 1,810,000 shares."

1932

DIV, 9

Low PE SH.

400

100 Air Reduction

8.00 Allied Chemical & Dye

2.00 Aubame parque

Befidit Aviation

1.60. Borden Company

Canadian Pacific ....... -JI Case....

0.50 Caterpilit Co.

199

542

LAST SALE

HIGS 1013

Aug, 2. Ang, 3.

· 2067

$98

131

45.

·117

117

291

400 Americho Can HKL

86

84

*40*

American Smelting.

34.

331

1370

701

93

408

214

9.00 American Tel. & Tel. 5.00 American Tobacco B 1.00: American Waterworks

Anaconda Copper Mining

1247

184

(514

28

20%

4.

.18

16

90%

161

288

47

2.80 Chase National Bank

bid

bid

37#

684

1.00 Chrysler Motors. 3.40 Consolidated Gas of IE

Curtiss Wright

61t

321

48

k

30%

d Trust Co. unamtume: 12,00

Cathay Lands 18.10"

་་་ Yangteze Finance Co... 10,75. International Assurance Co. 6,25: China Bealties ** Shanghai Lands New Engines Shanglin

-15,00

39,00

7.75

142.000

201

242

3,00 Drugs, Inc. Janua 2.00 Du Pont de Nemours 2013.00 Eastman Kodak

Electric Auto Lite Co.

6%. Electric Bond & Share

Electric Power and Light. 40.40 General Electric 1.00 General Foods

1.00 General Motors Les Gillette Safety:</ 1.20 Gold Dosta 0.00 International.

International TEL- 4.00 Liggett & Myers 81.00 Loew's nee

Montgomery Ward

-2.80 National Biscuit

1:00 National City Baz 1:20 National Dairy Fi 10.00 Olis Elevator

2.00 Pacifo, Das & Electr Packard Motors 0.30 Pen

John H. Ferguson & Co,

12. B. 0. Shameen.

For Freight

The Bast

JOHN

INNERS & CO.LTD.

OF MERCI WILL BLEK BULLINNG (TOF

SLING