1933-08-12 — Page 13

Messrs. Roza Bros. have for

MARKET

WEEKLY REPORT

"The investment section continues to be the dominating factor in the

GOLD STANDARD

ENDANGERED BY PUBLIC.

FINANCES

SHAREBROKERS? ASSOCIATION.

Salam Xomian).

FRIDAY. AUGUST 11.

Bayern Ballers

Mom!u»

DAILY SHARE QUOTATIONS

HONG KONG STOCK

Zaşırı Sebera

EXCHANGE.

HONG KONG DAILY PRESS, SATURDAY, AUGUST 12, 1933

MONEY AND MARKETS

Banks

$1,8001

1,795/1,600

H.T. Banks

$1,795

2128 £15

Do. (London).... Chartered Banks...

THE EXCHANGE MARKET

HONG KONG STOCK FINANCE AND THE

Ext

£15)

8941 Marcantile Bks "A

£97

Da

40

ka

MESSRS. ROZA BROS..

***

Bank of East As...

$101

N. O. &B. Barks ........

$7

REPORT

$20

Am..O. Fin. Corp

$5.40 Ch Fin. Corp. Ord. 8. **

35.00

Do. Pref. 8

Insurances

$310

Canton Insurancos...

$310

31:0 3580

Underwriters

......$1.95

"

M

Jaion Insurancea ....

L

3694

China Fires...........

3970

H.K. Fires..............

3545 $690 $169

381

International Assoc. 3.

shipping.

332i

Douglases kat

$18

Steamboata

*$34 $18

330

Indos (pref.)

$30

$321

01/3

Shelle......

115

Do. (def.)

Waterboats

$30

59/

A

· Mining -

130

Benguet

£335

Veneruela Gold Fida. 35

Kailina

·37-

25/.

$16

Langkata (single) 8.

$181

14

Explorations...... 2.

$4

| $8.40

Shanghai Loans 2.

$11

11/11.10

$11

19/

31 eta

$1.38

24.9

*U*****

$1294

13.80

$161

$5

$8.

Rauba ******

Tronoh Mines ... Benguet Explorations

Dočks, Wharve,

Godowns, sto.

H.K. & K. Wharves. † 31274)

Providents (old) ... $3.70" || $3.80

Do,

(μοπ) ...

H.K. & W. Docks

6. China Motors 'A'!

Do

"B"

3149 Shanghai Docks S.

#7!

New Engineerings 8.

#338 Hongkowi ....8.

||Lands, Hotels, andį Buildings

H.K. Hotele

་་་་

$6,90

H.K Lands........B.) 478;

77.10]

$781

$78

Shanghai Janda...8.

$14

Metropolitan Lands..

"se.10

H.K. Kealties...

$15

Chin Do......

$137

Do. DebenturesS.

$14

Humphreys

New Asia Hotel

$140

Asia Roalties “A” 8.)

$20

Do,

"B".

$22.60

$15

Chinese Estates.....

Cotton Milly... · Ewos"

8106 Shai Coitous.....S.

8141 Zoong Sings S.

Wing On Textiles(S.)

Public Utilities

Tramwaye ***** Frak Trams (old)....

Do

(new)...

$201 | Yauma Ferries...

190

$321 $12.65

$72

! ! ! !

14111111:

$140

$17

$54.

$148

$14.8

warded us the fallowing Exchange Market Report of yesterday..

Silver prices rose 1/8 yesterday for both deliveries, the quotations being 18 1/18 for Ready and 18 1/8 for Forward. Silver advices re- ported speculators 265 having bought. Amounts offering were sinal. The tone at the close was steady. In America the rate was slightly lower at 38 3/8 for Spot.

New York advices reported theį opening rate at 4.48 3/4 and the closing rate at 4.49.

Market,

Quiet, the tone was a shade easier than yesterday.

Sterling.

Business was done during the course of the morning at 1/4 20/38. for near delivery. The market. closed at lunch time with sellers at 1/4 7/8 August, 1/4 29/32 September, 1/4 15/16 second half September and 1/4 31/32 October, buyers at 1/32 higher respectively. Gold Dollars.

A small business was done at 31 11/16 for near delivery. There were sellers at 31 5/8 August and 31 3/4 September, buyers at 1/8 higher respectively.

Yen.

"!

market, and during the past week

some substantial lots of this class of shares have changed hands, with an unabated, demand at the close.

Faxia-France's nearly empty treasury is the crack in her golden

fortress.

+1

Among the smaller shares, Cemants were under constant presnances, say Bank of France officials, Only the wreck of her public f sure throughout the period.

In the mining section, Raube were in strong demand from the Straite and close at $11.10 bid. with very. few shares coming out.

BUSINESS DONE DURING THE WEEK.

H

i

ATC

can push the country off the gold atandard. They do not hesitate to say that government finances "somewhat unsatisfactory." In parliament and the press criticisms" are more direct.

The cloud of "

floating debt of 50,000,000,000 francs, about $2,500,000,000, hangs aver the ministry of finance and in the cash box for months there after has

H.K. Banks ex. Div. 81902, $1800, been only a small balance.

81793.

Canton Insurances, 8915. Union Insurances, $330, $355. Haubs, 811.10, 811. Hotels, 87.10, 87.

Lanch, 8791, 878)." Tramways, 360, 3921, -897.70. Peak Trame (Old), $15.65, Star Ferries, 106. Electrics, $7i). Telephones, 930,10, -830, | 820,00,

$99.80.

Cements (Combined), 86,05, H.K. Ropes, $8.

Dairy Farms, 829), 8901. Govt. Loans, 31% Premium.

Merchants were quoted at 115 CHANGES (3.15 pm.) CLOSING 3/4 for near delivery.

Shanghai.

Quiet. Sellers were indicated at 1/8, buyers probably at 1/3, 1/18 for August delivery.

Shanghai Dollars were quoted at 112 1/4 for August.

IN THE AFTERNOON. "The market was easier in the afternoon.

Sterling.

In Sterling business wad done at +109 1/4 7/8 for near delivery, 1/4 31/ 8141 32 October, finishing with sellers $90 at 1/4 27/32 August, 1/4 7/8 September and 1/4 15/16 October, buyers at 1/32 higher respectively.

25.70/23)

$151

$15

$7+

$8

Star Furries

186

$25

3123

$12.35

Do (now)... $12.40

Chins Lights (old).....| $12,85|$13, 5| 11285.

$74

H.K. Electrica...... 174

37 1

$23

Macao do.

27

$106

Sandakan Liglita...

$29.80

$30

2'-

16/

$15

$20

316

| Muogregora f(pref.)8.

36

15,40

$1.00

̈$20

$11

$191/4

Telephones........

$ China Buses ...... S.

Tractions

Dc. (pret.)......

Industrials

Malabon Sugare "...

Caldbeck, ord.) 8.

Canton lee

Cements (comb.)...

Do (old).

Ropes

Miscellaneous

Dairy Farcas

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

$8

..Do.

Sinceres ****

Watsons roententeín

Gold Dollars.

Business was done at 31 11/18 for near delivery. The market closed with sellers at 31 5/0 August and 31 3/4 September, buyers at 31 11/18 for near and 31 7/8 September.

EXCHANGE.

CLOSING QUOTATIONS

$15

ON LONDON:-

$2

15.90

"Credita,

# August 15, 1933.

Telegraphic Transfer... Bank Bills, on demand Bank Bills, 4 months'

sight ******

months'

$8

aight

184

OS NEW YORK:-

142

Bank Billa, on demand al nex Credita, 60 days' sight.. nom

Credits, 4 months' sight 95

17

420)

ON PARIS:-

Amusemente

$17

11

Ch. Etainments...

Bank Bille, on demand 393

$3.90

Constructions, (old))

$11 $31

Do, (new),20 cts.

ON INDIA:--

$390

Lane Crawforda...... 34

Telegraphic Transter..1,

Mackintosha maua

Bank, on demand

Nanyang Tobacco...

$4.16

ON SHANGBAL:-

$13.00

$13.50

On Demand

484

ON KOBS:

39.10

Wm. Powellsmere

$1.50

$10

M. Greyhounds

+

ON MANILA:-*,

131

& C. Enterprises,

32

$4

United Thestras...8.

77%

'B. Ind. G. Bonda...)

On demand ON SINGAPORE:-

On demand

Bj

prem

H.K. Gort Loans... $103 ex int

"ON BATAVIA:

38

Wallace Harper ...........

On demand

51

$186 ELK Wing Os

$190

On Bargos

$185

On demand

R'bai Do

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

او

The Hongkong Dally Press

Canton Agente

John H. Ferguson & Co.

32, B. O. Shameon.

Tol. 18624

On demand

ON BANGKOK:-

QUOTATIONS.

Buyers.

Indo-China's (Def.), $35.00, China Lights (Old), $12.90. China Lights (New), 812.45. Electrics, 8744.

Bellers.

Cements (Com.), 3.70, Sinceres, $13.40,

Sales.

H.K. Trams, ́822.70/22), Telephones, 829.80. H.K. Ropes, $8. Dairy Farms, 929.

THE RAFFLES

HOTEL

TO "HOLD ON FOR PROS- PERITY'S RETURN''

<

SINGAPORE, Aug. 2. The adoption at the meeting yes terday, in the Exchange Room, of the statutory report, marked the completion of the first phase of the working of the newly consti- tuted Raffles Hotel, Ltd. Mr. E. N. Taylor, who presided, deaff with the work done since the last meeting of the creditors and, re- ported favourably on the progress made at both the E. and O. Hotel, Penang, and Rafles.

It was the ove of Mr. Taylor's departure on leave and before bid- ding farewell to the members of the company he spoke encouraging. ly of the future and urged share holders to have faith in the fu- ture of the Colony, which, he said, 614 nun would benefit when air, routes to the East and Australía, came into ezistance.

"A number of questions were raised by Mr. J. M. Rennie who, inter alia, criticised the com- mittea for not having consulted him on certain malters as they were passed. The directors pre- sent were Messrs. JA Clarke, N. G. Bishop C. V. Miles and W. J. Mayson

On demand. $34 · SOVEREIGNS, Bank Buying

BAR SILVER, For of 171/6

PACIFIC ORIENTAL

MONTHLY CARGO AND PASSENGER SERVICE M.S. "FALSTRIA" Sailing on or about For SAN FRANCISCO, direct 3rd SEPT.

CARGO AND PASSENGERS ACCEPTED FOR SAN FRANCISCO, VANCOUVER, SEATTLE,

LOS ANGELES, ETC.

THROUGH BILLS OF LADING ISSUED TÖ `OVERLAND POINTS.

Excellent Passenger Accommodation

Passenger fares Hongkong/San Francisco from G3120 (1st class only)

For Freight and Passage, etc, please Apply to: -

.....

The East Asiatle Co., Ltd. The Chinese American Shipping

Agents

JOHNMANNERS & CO.LTD.

Company Agent HONG SLING

Offer : Mercantils BANK BUILDING (102 71008), 7, Queen's Ed. Crin

TELEPHONE: 24071 BORLAN

The unbalanced budget made it certain. "money must be borrowed for current expenses. This was done in March at 4 per cent with „bonds sold at 9815. Towards the

Was end of April more money needed and the chances for a suc 'cessful loan hers seemed so poor. that the

borrowed government $120,000,000 in London, arousing a storm of adverse comment.

Bargaining with 'Britain.

Among other things it was charg ed the government, in order to boz- | row the money in England at 21 per cent. for six months, had pro- mised to lift the 15 per cent, sur tax on British goods, imposed be cause of the fall of the pound. This the government denied.

:.

When more money was needed, it was felt impolitic to try_England again but to borrow in France it was thought necessary to increase the return by issuing bonds at good interest and at a stiff cash discount.

The fate of the franc, financial experts assert, lies in the combina- tion of the government need which will be incfeand rapidly by fall- ing receipts. Taxation of business has yielded less than estimated, as' cheaper dollars and pounds have caused French exports to diminish steadily while imports increased.

Parliament's tax increases caused a start of taxpayers' strikes, which remained isolated but created some alarm. Demands for inflation were mentioned in the chamber of dep uties as being urged by interested industries.

The government maintained bla firm outward attitude against de- preciation.

Even inflationists recognized that cheapening the frane to mest for- eign competition would be impos sible in parliament until economic forces demonstrated that it be done in self defense.

must

́UNCLAIMED TELEGRAMS.

AT THE GREAT NORTHERN TELEGRAPH Co., Ltd.

ADDRESSED

HeilbronEmpresa -

Canada Kobe Knipschildt Passenger

Ranchi... Sowis Smith Rawalpindi

P. O. Line Marley Andrelebon

PRESIDENT Liners

Fastest Time Hong Kong to San Francisco.

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

Fortnightly sailings

Pres. Coolidge

To VICTORIA, SEATTLE 17. Dayş-

via Shanghai, Kobe, Yokohama

Fortnightly sailings

Aug. 18, 6 am.

Pres MoKinley

Pres Jackson - + 4 ***

Aug. 15

Prea. Hoover.

Atg.:00 Sept, 13

Pree. Jefferson.*********

Sept. &

Prez, Grant

Sept. 22:

Pres. Lincoln... Sept. 26

Fr

Sept. 30

Prea, Coolidge Fres. Wilson...

...Oct. 10

• Oct. 14. ...Oot. 38

Prom, Cleveland

Pros, Jackson...

Oct. 24Pree. Jefferson

ROUND TRIP FARES TO EUROPE & AMERICA. Special through rates to Europe via `United States. Direct connections with all Atlantae llnok Choice of rail lines across United States and Canada, liberal step-over privileges - for

Sight-seeing. Full particulars upon application.

Fortnightly via Sver to Europe & America

Fortnightly sailings on Saturdays vis Manila, Straits, Colombo, Bombay, Buez Canal, Alexandria, Naples, Gouse, Marseilles, New York and Boston..

Pres. Van Buren Prea. Gartialday 109 can no Pres. Folk

8 a.m.

Aug. 19

Prea Adams..

Sept. 2

Pros, Harrison

...Sept. 16

Ham.. .Sept. 3

.Oot, 14"

Pres. Hayes y ...: Oct. 28.

TO MANILA

Next Sailing .......Pres. Van Buren Aug. 19, 8 am Next Salling Pres. Jackson Aug. 19, 6 p.m.

Pres. Hoover Lake Fupt. 5 Pres. Palk...Sept. 16 Pres. Grant

Sept. 16

Pres. McKinley..............Aug. 29 Pres. Garfeld Sept 2 Pres, Jefferson ..............Sept. 3 Connecting with 8.8. MAYON TO CEBU, ILOILO, ZAMBOANGA

STEAMSHIP

DOLLAR AMERICAN

LINES

MAIL LINE

ZEDDIE BUILDING-HONG KONG.. CANTON „HKAKÖR:—4, GMAKER ROAD,”

NEW-YORK STOCK EXCHANGE

ASIA LANDS, LTD., QUOTATIONS

? (INCORPORATED IN HONG KONG.)

Tel. 28360-Gloucester Building, Room 306.

{REUTER'S AMERICAN SERVICE]

Dow Jones Average:

New York: August 10.

30 Industrials

90 Utilities

40 Bonds

20 Rails

High 1937 Low: Aug, 9. Aug, 10. Charge

108.27 36.53

37.73 89.07.

41:32,99.06.

13.23: 49.67

97.581.48 down

16.53 31.85 65.78 -88.12

49.20*1.38 downl 31.50 „35 down 68.19

.....07 up

Axia Landa, Limited, has received the following report from their New

York correspondents, E. A. Pierce & Co. The sudden break today has, 50 far been totally unexplained and it did not look particularly serious We feel that the market will feel this way for the time being. The" bearishness apparent in trading circles is lacking in concreto founda- tion. We think this week's market thin and increasingly professional and we believe in a broad trend upward. There is apparent lack of appeal in industrials, rails and utilities Wheat: Inflation belief con tinues and this with expectations of a bullish crop report steadied the market. The actual report of five hundred million bushels exceeded the estimates by twenty millions. With European requirements below those of 1932 and with a hedging season during the next two months there is little encouragement for advances. Silver: Market eased on scaterred liquidation after commision houses and banks had competed for contracts early in the session following the weakness in other markets. Cotton: Market rallied on buying by Wall Street and spor interests which attracted sales by cooperative brokers. Demand was insufficient to absorb such offerings. The weather continues favourable. Business Done: 2,820,000 shares.

1932

Drv: $ HIGH Low PRESE. 101

3.00 Air Reduction 3.00. Allied Chemical & Dya 2984.00 American Canada

American Smelting

0.50 Caterpillar Co

Last Sale Aug., 9. Ang, 10%

$101 $100

127" 124)

307

.1314 Uo

42

Sug

51

35₤ 342

1378

704. 9.00 American Tel. & Tel.

127

127

32

44

3.30 American Tobacco "B

·001

សទ្ធិ

11

1.00 American Waterworks

FROM

zit

Anaconda Copper Mining

16)

281

2.00 Auburn more DERRIDE

614

20$

Bendix Aviation musi

172

10

1.60 Borden Company

434

Canadian Pacific

Unzan

201

J. I Caio.........

Nikko

28g

* Shanghai

47

2.00 Chase National Bank

bid

Fbid

37#

· 1.00 Chrysler Motors

3:40 Consolidated Gas of NY,

F. V. JENSEN.

A Superintendent.

++

"-- Curtiss Wright

61

3.00 Drugs, no

29

9.00 Du Pont de Nemours .............

AT THE EASTERN EXTENSION, AUSTRALASIA AND CHINA TELEGRAPH.CO., LTD.

.87%

294

718

30

ADDITESID Victoriano Go Y.M.C.A.

Kowloon

FROM

331

241

Manila

Batoh

Manila

201

44

Long Chindentco Firtan

Calcutta

*20

Manc

› London

96

314

29

Manage

04)

-10%

Hong Kong, August 10, 1923.

FREE

BEER

$1282

3.00 Eastman Kodak....

Electric Auto-Lite Co..

6 Electric Band & Share Electric Power and Li 0.40 General Eléctric 1.60 General Foods 1.00 General Motors a 1. Gillette Safety-. 1:20 Gold Dust.......... 0.00 International Hary

International Tel. & 4.00 Liggett & Myers -1.00 Loess Lace Termontgomery Ward

2.80 National;

3.00 Nationa

1.20 National Dairy

0.00 Otil Elevator

2.00 Paci

Pack

0:30 Penú

Shoozy-V Kouum Con Texas Corporation

Trans America

Union Carbide & Cart Union Pacilo 12

United Air and Transport 0.40 United Corporation "United States Steel

Westinghouse E. & M.

25

247

377 37

311 1414

∙157·

bid