1933-08-09 — Page 13

DAILY SHARE QUOTATIONS

HONG KONG STOCK

EXCHANGE.

SHAREBROKERS'

ASSOCIATION.

Buyer Bra

Salse Nominal

TUESDAY. AUGUST 8.

Лотк

Bellary

Banks

$101

+

216 2241

ED

ux d . $1,810

fox div. £1201

$20

H.K. Banks

Do. (London).**. Chartered Banks - Mercantile Bis "A"

Do

Bank of East Asis...

N. C. & S. Barks

• Arb. O. Fia. Corp:

140 Ch Fin. Corp. Ord. S. 76.00

Do. Prof. S

Insurances

Canton Insuratices......... Underwriters.****** Union Insurances ........ China 'Fires

International Asace. 3.

Douglasts

Steamboats,

Indos (pret.)

Do. (def.)

F

$1,830

£13

· £24

£91 $10!

$7

$310

*

$2.05

3546

$310 1:0

7850

$350/558

Soua

$276

H.K. Fires

$6.23

Shipping

13+

$32

$18

21x 330

$30

$10

1321

30 711

$15

Shella...... Watertoata

68/

$18

Mining

1301

Benguet

| $35

45

Venezuela ficld Fids. $4.80

Kailaus

.28/0 $18

14

Explorations...... B.

Langkata (single) 8.

$4

Shanghai Loans S.

!!!

-83.40 $10

་་་

Rauba

Tronoh Minos...

28 eta Benguet Explorations

Docks, Wharvos,

Godowns, sto.

$1231 H.K. & K. Wharves.

Providente (old)

HONG KONG DAILY PRESS; WEDNESDAY, AUGUST 9, 1933

MONEY AND MARKETS

FINANCIAL NOTES FROM

LONDON

Mr. Soong And British Bond Holders: The Dorman Long-South Durham Amalgamation; Empire Currency Urged; Japanese Finance And The City.

(Special Air-Hall Service)

STERLING THE MASTER

CURRENCY

LONDON, July 18, Sir J. Wardlaw Milne, M.P., speaking at the Royal Empire So- ciety Summer School at Oxford said:

"Sterling is the master currency we sit of the world to-day and here in this country without the guts to put it over and make 1 clear that it does not matter damn what other countries do.

There is nothing to prevent us $163 setting up an Empire currency system. All the sterling countries must follow suit, and in the end it will bring in all the other na tions of the world."

25/.

$9.60 19/-

.3199

83.20

$3.70 $3.80

$1.40

'Do. (ver)...

F1 40

$165

H.K. & W. Docks

$17

$10

S. China Motors * A')

301

18

$142

I

$143 Shanghai Docks 9.

#71

New Engineerings8.

#339 Hongkow .........

Lands, Hotels, and

Bulidings

H.K Lands...... 8. 978

37.05 6.96/7

$7.00 R.K. Hotels

$78

$37

Shanghai Lands...8:

$14

Metropolitan Landi..

JENG

H.E. Realties.......................

$13

Chins Do

3137

Da Debentures3.

$14

Humphreys

*******

་་་

New Asia Hotel

$140

Asin Realtion "A" S.

$20

Do.

3.7

Chinese Estates.

Cotton Mille

315

Ewos

$148.

$141 Zoong Singe S.

$90

Public Utilities

$106. Susi Cottans......S

Wing On Tertiles(S.)

Framways

Poak Trains (old)....

Tractions vis

Do,

*

⠀

L

لدتي

18

$14 $534

*108 ***

180

#30

$22

315

$131

Da (new)

371

Star Ferries

FOR

3251

Yaumati Ferries. ...

$25

312

China Lights (old).......]·$123 | $11.95

$12.35

"Do. (new)... $19,35

$74

H.K. Electrica

174)

$23

Macao do.

$104

Sandakan Lights ...

$30

30.10

Telephones...

$112

China Busos ...... S.

25/-

(pret)......

Industrials

$15

Malabon Sugars

$16

194

$20

Caldbeck, ord.) &

Jas

318

Macgregor (pref.)8.

$3

Canton Ico

$6

16.10

Cements (comb.)...

16

16

Do.

$5

$1

83

$8

$20

$231

*

$1

Der A Wing................

Amusementa

311

Ch. Etainments..............

$111 $11

$3.90

Constructions, (old)

$31

Do.

(new):20 cts

53 90 $21

beyda

***

19

$13.00

Watsons TERIGADEO

$2.10

Wm. Pawells

$1.60

$10

M. Greyhounds

Pay

(3)

8. C. Enterprises ...

32

United Theatre „și 8.

77, Ind. G. Bonds.... 77.

prem. 3

$8

H.X, Gort, Loans.......[ $103 jar int. -Wallace Harper

H

$180 B Wing On «*

8190

S'hat Do

$165

.83 ota

$1.05

Do..

Ropes...

(old)... (new)...

Miscellaneous

Dairy Farmarestias,

Lane Crawfordi...... 35

Mackintoshs

Nangang Tobacco.

Sincöres...LEAS

Mr. L. S. Amery, M.P., discuss ing Empire problems, said that sooner or later we should be driven to an Empire shipping policy of retaliation to subsidies by counter subaidies" or, more probably, the reservation of the coastal shipping of the Empire to ships carrying the British flag..

| JAPANESE RELATIONS,

WITH THE CITY

A luncheon party was given at Claridge's by Mr. Juichi Tsushima, Financial Commissioner of the Japanese Government, and a mem- ber of the Japanese delegation to the World Economic Conference, at which were present delegates and members of the Japanese delega tion and members of City firms and banks interested in Japanese 'finance,

11

for the reason. every possible step, should be taken to avoid such eontingency.

CHINESE “MARCONI” AND

"VICKERS” LOANS

His

ロー

The joint committee represent- ing holders of Chinese Government Eight per Cent. Sterling Bills (Marconi issue) and the Eight per Notes Cent. Sterling Treasury (Vickers issue) announce that they have had an interview with his Excellency, Dr. T.." Soong, vice- president of the Executive Yuna and Minister of Finance, at which they stated the case on behalf of the bond and note holders. Excellency, in reply, pointed out the conditions which had prevailed in China for years, past, and re- ferred to the fact that the Chinese Government had convened a ference of their foreign creditors about two and a half years ago, but that nothing had been achieved towards a settlement owing to the distress caused by the floods and also the military operations by Japan against China. His Excel- lency, however, assured the mittee that he would not rest until the finances of China had been placed on a sound and solid basis, under some scheme of settlement which would include all loaus that are at present in default, His Excellency indicated that it did not follow that each set of credi tors would be treated alike, but that the creditors, for commercial loans raised for the purchase of materials, such as those represent- ed by the committee, would pro- bably receive more consideration than certain others not of this class.

com-

The committee was assured by his Excellency that the accepted policy of his Government is to arrive at

In a speech welcoming his guests Mr. Teushima said that it was a source of pride to the Japanese Government in being able to count on the strength and ready.co

aatisfactory settlement of all operation of the British banking claims and of the finance of China group in its international financial generally at the earliest posible relations whenever necessary Dur-moment, and in this connexion he ing the last 18 months the Far referred the committee to his Eastern situation had been watch-speech made at the Economic Con- ed with anxiety in every financial ference, which was reported in The market of the world, but the Bri- Times of June 18. tish market had never failed to

preserve confidence in Japan's

HONG KONG STOCK MARKET

YESTERDAY'S OFFICIAL QUOTATIONS

A distinctly quiet feeling prevail ed on the resumption of business to-day, but the investment section continues to attract, attention when anything is offered slightly below the official rates. On the other hand, Hotels and Cements show no signs of any revival.: Salos.

Union Insurances $350/555. Hong Kong Lands 8781. Star Forries 806,"· Telephones 830.10, Dairy Farms $201,

Government Loans 3 per cent.

Premiuni,

Buyers.

Bank of East Asia $101. Canton Insurances $310, Union Insurances $350, - Underwriter! $1.90. Douglases $321. Indo-Chinas (Def.) 832). Hotels $6.95.

Hong Kong Lands 878. Hong Kong Trama $22.70. Peak Trams (Old). $15į, " Star Ferries 895.

China Lights (Old) $1870, Electrics $741. Telephones 830,

Singapore Tractions 2/-

Singapore Tractions (Pref.) 15/-, Hong Kong Ropes $8. Dairy Farms "$££40. Amusements 811 Constructions (New) 85 cents. Government Loans 33 per cent.”

Premium.

Sellers.

Hotels $7.08. Realt'es $8.10.

Ewo Cottons Sh. $15. Dairy Farms 829). Sinceres $13.60.

THE EXCHANGE MARKET

MESSRS. ROZA BROS.. REPORT

Messrs. Roza Bros. have forward- ed us the following exchange market report for yesterday

Silver prices were unchanged over the holidays, the quothiens remain- ing at 17:7/8 for Heady nad 18 for Forward.. Silver adv.ces reported China as having bought. The Cou-

determination and ability to win OPPOSITION TO BIG STEEL tinent sold. There were buyers at

through her difficulties. He notic- ed with satisfaction the present |

MERGER

יו.

quotations. Business was small. in America the price of Silver was trend of Japanese bonds in the There is criticism in some quar. quoted at 38.3/18 for near delivery. New York advices reported the London market. The present price ters of the City of the terms of of the Six per Cent. Japanese the conditional agreement for amal- opening rate at 4.48) and the clos- Government Sterling bond, quoted gamation between Dorman, Longing rate at 4.471. at 01, represented an apprecia and Company and the South Dur- tion of 3 points over the price ham Steel and Iron Company. issued to the public and a recovery

mand.

Market...

Sterling."

F

Business was arranged soon after the opening at 1/4.15/16 for cash followed by transactions at 1/4. 29/39 for rear and 1/40.7/8 August. The market closed at lunch time

with sellers at 1/4.27/32 August, 1/4.7/8 September and 1/4.29/32 October, buyers at 1/4.7/8 for cash, 1/4.15/16 September and 1/4.31/32 October.

41

Gold Dollars. Business was dons at 31.3/4 for cash and 31.13/16 for second half August. The market closed with sellers at 31.11/16 August and 31. 13/18 September, buyers at 1/18 higher respectively.

Uncertain at the opening but On July the terms of the pro- later eased off owing to a fair de- of more than 30 points from the posed merger and capital recon- low record price. Japan had never struction. were announced, so that defaulted in her foreign obligations holders of the various securities for 2,583 years-i... since the concerned have now had time to foundation of the Empire. He as- consider, their position, sured his guests that the Japanese "Opposition to the scheme comes Government would do ita utmost mainly from the holders of the 5 to maintain the confidence which per Cent. First Mortgage redeem- its credit had always enjoyed able debenture stock of Dorman, abroad, and be earnestly hoped Long and Company. There is that his British friends would £5,228,791 of this stock outstanding, show continued close interest in, enjoying prior charge status apart and profound friendship with, from a small block of £400,000 $4.15. Japan.

First Mortgage Perpetual deben: last $13.80 Viscount Ishii reviewed the pro bare stock. In each of the 891 bleme and the difficulties of the two years, however, the interest Monetary and Economic Conference has not been covered, by the com- in a thoughtful speech, in which pany's earnings. he showed how important, it was for the welfare of the world that tion scheme it is provided that Under the proposed amalgama it should succeed. History, he Dorman, Long 5 per cent, deben- said, indicated that military opera- Eure holders surrender 10s out of tions were often undertaken to each #1 of stock, and receive, in defend an economic interest or to respect of each 2100 of stock now secure an economic advantage. He held, 30 6 per cent. El perference 1120 for cash. did not seek to underestimate the shares and 30 preferred "ET"ordin- difficulties of the Conference, but are shares in the rep merter.com"Easy, Early advices indicated Later the selling sellers at 1/3 explained that if the Conference pany. SUNDAYS & HOLIDAYS | were allowed to fail the

Some holders are critical of these rate receded to 1/2.15/10; buyers sult might be economic chaos, and (Continued at foot of next column) probably at 1/3 August FEOX SawowɑWAN BRANCH 2.0.

LOCAL AND REGULAR OUTWARD MAILS,

ܪܙ

Sundays only

مالية 100

8,40, A 1.30 pm. Bandays 5,30 13

100p.m. 1.00 U

WEEK DAYE,

FROM G.P.O.

FOX BEKUKOWAN BRANCH P.Ó.

From G.P.Q.

Canton

Samabul, and Wuebow (By)

dizoot stemmer)

37.15'.m. 1,00 pezas

4.00 p.m.

7.00 23. 17.00

(7,36 km, & | | 7:00 am, & {5,00 p

11.00 p

4,00 pls.

1,00 Fathe

r8.25

1.16 p.m.

Macao & Tinsban

ƒ7.15 0.003. &{ ƒ 7,30 1, 11.15 p.m.

Zɔngmoon (except Saturdays) Kantong (éroept Babardays) Entahan and Wuchow (By)

Train}

6.00 p.m.

11.30 p.m. 5.00 p.m. 6.00 p.15

B.15.

6.00 ..

7.15 m.

tai.

Zalt Battle

∙1100 m

9,00

Tai Po

∙11.00€

Shumchun

$11.00

Cheungchew

Aberdeen.

Pingsham,

100p.m.

9,00 sah 8.00 pin

8.00p.m. 1.00 p.m. 4

16.00 patie

48,000 11.30 p 8,800.

4.30

& 8.00 pm.

:8:00 AM :

·1100 king 8.80 1.17,

•1020

10.80 $3,

7.00

re-L

Asia Lands Limited

Gloucester Building

Tel. 28980'

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. C. Shax

PRESIDENT

Liners

Speed with Comfort,

To SAN FRANCISCO 19 Days vla Shanghai, Kobe, Yokohama, Honolulu

Fortnightly sailings Pres. Coolidge Prea. McKinley

Pros: Hoover Pres. Lincoln..ri Pres. Coolidge Pres. Wilson,

To VICTORIA, SEATTLE 17 Days

via Shanghai, Kobe, Yokohama

Fortnightly railings

Pres. Oleveland .....Ang, 17, Midnight.

...........Aug. 10, 6'a.m.

Aug. 30

Pren. Jackson

Aug. 25.

Bept 13

Pres. Jeffersonej

Sept. 8

Sept. 98

Pres Grant.

Sept. 22

Oct 10

Pres, Claveland ...

Sept. 30

Oct. 24

Pros Jackson....... Och Hoá

ROUND TRIP FARES TO EUROPE & AMERICA.

Direct Special through rates to Europe vin. United States, connections with all Atlantic lives. Choice of rail lines across United States and Canada, liberal stop-over privileges for Sight-kecing. Full particulare upon spplication.

Fortnightly via Suez to Europe & America

Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay,"" Suer Canal, Alexandria, Naples. Ganda, Marseilles,

Prea Van Buren Prex Garfald. Pres. Folk

New York and Boston, 's

B

Aug, 19 - Pres. Adams ra Sept 9.

Pree, Harrison Sept 18

Fres. Hayes

.•Sept. 31.3.

Oct 14 Oct 28

TO MANILA

i

Next Sailing ...... Pres. Van Buren Aug. 19, 8 a.m. Next Salling.........Prés. Jackson Aug. 19, 6 p.m. Pres. McKinlay.Aug. 21 Free Boover... Pres. Garfield Sept. 9. Free, Folk Pres, Jeffèrgon ... Sept. 2 ́- Pres. Grant.

Sept. 3- ..........................Sept. 16- ...... Sept. 16

Connecting with 8.8. MATON T6 CEBU, ILOILO, “ZAMBOANGA ... ·

STEAMSHIP

DOLLAR AMERICAN

LINES

MAIL LINE

FRODER BUILDING-HONG KONG. CANTON BRANCH:-4, SHAKEE ROAD.

NEW YORK STOCK EXCHANGE

ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG.)

Tel. 28360-Gloucester Building, Room 308.

(BRUTER'S AMERICAN SERVICE]

New York: August 7. Dow Jones Average:

20. Industrials

20. Kaila

20 Utilitica

40 Bonds

High-1032

1108.27

Low: Aug, 4. Aug., 7. Change

41.92 92.62

9166.07 down

56.53

13.23 46.77:

46.69.08 down

16.53 30.73

30.04.88 down

68.75 87.91,

-87.83,02 up

37.73 80.07

Asia Landa, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. Frankly, comment on the market is difficult. The street appears to be bearish rather than bullish but most bearish expressions are apparently lacking concrete foundation. It seems that more than talk is necessary to depress the market seriously below the present levels Wheat: Featureless. Trading has been light. Commission homes liquidated on rallies. The smaller European requirements, plus light increased hedging are tend- ing to discourage bullish enthusisam. Cotton: Erratic.. Early in the day values declined on long liquidation but rallied later on purchases of about thirty thousand bales for March and December. Later the market eased on increased lang, liquidation. The average guess of t seventy-six members of the New York Cotton Exchange on tomorrow's cotton production report gives: 10,698,000 bales, (Acreage revision included). Silver: Quiet

Business Done: 770,000 shares.

1932

Div. $

HIUN

6,00 Allied Chemical & Dye

0.50 Caterpillar Co.

LAST BALE

bid

Low PER. SH

Aug., 4 ̈ Aug,.7.

101

30%

3.00 Air“ Reduction.

$95 $904

117

1311

42

90g

4.00 American Can

841

40%

American Smelting

0333

1378.

70

9.00 American Tel.

Tel.

1234

44

3.40 American Tobacco “B

85

86)

40

11

1.00 American Waterworks

284

181 Anaconda Copper Mining....

16!

1834

284

2.00 Auburn

53

901

Bendix Aviation

15

43

18

1.00 Borden Company.....

Canadian Pacific

U

Merchants were quoted at 115.3/4

Yen,

for near delivery.

Shanghai Dollars. Shanghai dollars were quoted at

Shanghai, na

yug

J. I Case

476

87

2,00 Chase National Bank 1.00 Chrysler Motors are ~3.40% Consolidated Gas of

Curtis Wright up you $3.00 Drugs, Inc.

***

45

2.00 Du Pont de NemouZS

351

3,00 Eastman Kodak ...............

mutilated

Electric Auto-Lite Co

2

•6% ». Eindtrip. Bóna á Sharė, Jam Electric Power`and Light..

કર્મ

IN THE AFTERNOON.

84

0.40. General Electric...

22-3/8

104

1.60 General Föcat

401

The market was easier in the afternoon.

1.00 General Mõnizk

33

Sterling.

10 1. Gillette Safety LK 18-1.203 Gold Dusts,

13

134

0.80 International Harvester

International Tel

341 "81"

4.00 Liggett & Myers

271

1.00 Loew's Ingmaga

Montgomery Ward

201

318

In sterling business was done at 1/4.20/32 for September delivery, finishing with sellers at 1/4.27/39- near, 1/4.7/8 September and 1/4. 20/32 October, buyers at 1/4.7/8 September and 1/4:29/32 October, buyers at 1/4.7/8 for near, 1/4.. 20/32 September and probably 1/4, 18/16 October.

Gold Dollars. Business was done at 314 for near delivery, finishing with sellers at 31.9/10. August and 31.11/16 Bép tember, buyers probably at 31§. for near and 31.13/16 September.

terms on the ground that in front of their debenture holding in the merger company, there is to be issued 22,230,000 of 5 percent, prior lion stock, and further, that they are asked to waive their right to repayment on May 1, 1983

"Meetings, to approve the merger scheme are scheduled to take place on July 7 st Bouthern House.

"230" National Biscuit '

18.57 1.00 - Natjons) City Bank

1.20 National Dairy Products 0.60 Otis Elevator

2.00 Pacific Gas & Electric

Packard Metors

0.50 Pennsylvania Railway

Bio Corpp Beurs-Roebuck Standard Bedardi

1.0001 CERE: Corporation

$1,00% Union Carbide &

6.60 Union Pacie

United Air and 0,40 United Corporati

United States Stee Westinghouse EZ

40%

115224116..

51

514

rible mutilation.