1933-08-28 — Page 13

DAILY SHARE QUOTATIONS

Hong Kong Stock Exchange

Buyer Ballers

ነ

Sharebrokers'

Nom SATURDAY, Bular

HONG KONG DAILY PRESS, "MONDAY, AUGUST 28, 1933..

MONEY AND MARKETS

MARKET

Association

Ballara

Nominal

Nomina

AUGUST 26.

HONG KONG STOČK

Banks

$1,415

H.K. Banks

$1,815

£199

211

Chartered Banks...

215)

Fol

N. C. & S. Bazka...

$20.

Am. O. Ein. Corp: 9.

30

Do. (London)

Morcantile Bks. "A"

Dlo.

Bank of East Asia... "$1023

ис

$475 Ch Fin. Corp. Ond. .

Do

Prof. S

Insurances.

3200

78/P

817

82 cts.

S6.40.

31190]

Raubs

Tronoh Mines

Benguet Explorations

Docks, WharveS,

Godowns, etc,

$7

时

IT

SATURDAY'S OFFICIAL

QUOTATIONS

No change was to be noted in the market this morning, condi- t-lons generally being extremely quiet.

The pressure on Hot-els and Cements, however, was still in- sistent.

፡፡

Sales Benguet Exploration 32 cts. Hotels, $6.55.

Hongkong Lands, $76).

Hongkong Trams, $221.

Cements (Com.), $3.

Buyers

Bank of East Asia, $103. Union Insurance, $555. Underwriters, $1.90.. Douglasses. $1.80.

Benguet Consolidated. $38.

Venz. Goldfields, $51.

Hong Kong Lands. $761. Ewo Cottons, Sh.$14.80. Peak Trams (old), '$15. China Lights (old), $12.70. Electrics, $74).

Constructions (new), 90 cts. Govt. Loans, 31% Prem.

Sellers

$320

Canton Insurances..

5310

$1.80 3856

Underwriters .......

31.03

3565

Union Insurances .......

$560

China Firus....................

$590

H.K. Fires.

3263

$660

International Asace, S

Shipping

332)

Douglases

.53+

318

Stein boats

$18

130

"Indios (prof.)

$30

Do (det.)

$15

51 Shells...

52/

$15

Waterboats

$15

Mining

Benguets........

135

Venezurka Gold Fida. $5.10

Kailans

Langkats (single) 9.

· 25).

$17

Explorations..... S.

Shanghai Loang S.

3114

12/

Union Insurances-$565.

Telephones, $32)

Dairy Farms. $29.

$12

H.K. & H. Wharves.

31274

Sinceres, $13.40.

23.20

Providants (old) 2. | $3,70

11.35

..Do. (new)

31 40

$165

H.K. & W. Docks.

$17

15

S. Chius Motors A1l

Dr.

"

$144

$71

New Engineeringe S.

#343

Jongkow-****

Lands, Hotels, and

36.82

962

$76J

$701

36.6 3781

$33

સામ

31.80

H.K. Realties.........

#8

$15

3137

China Doon a§. Dn. Debentures 9.

$14

Humphreys .......

$131

New Asia Hotel

$140

$2

$1480

8192

$15.70

$74).

#

F

37

Shanghai Docks S.

Bulidings

H.K. Hotela.

H.K Landa... Shanghai Landa,..8. Metropolitan Lands..

Asia Realties “A” S. Do. "B" 8.

Chinese Estates....:

Cotton Mills'

Ewos

$107

S'hai Cuttons...........

Zoong Sing****

280

Wing On Textiles (S.)

Public Utilities

Tramways

.......

Peak Trama (old)...

Do." (nuw)...

Yauuiali Ferries,

$14.50 $15

#167 8142

190

316

174

595!

$24)

212.40

131

$926

$73 105.

Star Ferries

$251

China Lights (ok).....

112 86

**2.30

Do. (new)...

H.K. Electrics

$74

$23

Macao do.

1106

Saudakan Lights...

Telephones...

8:12

China Buses...... S

Tractions is

10%

Do (pref.)

Industriala

315

Malabon Sugars

$15

$20

Caldbeck, Toril. S.

316

Macgregora (pref.)S.

36

Canton Icds........

15

Cements (comb.)...

44 75

Di.

80 cts

Do

#(uli)... (DAW)...

Ilopes

Miscellaneous

Dairy Farms... Der A Wings...

Amusements......

A

(new).25 ct.

Nanyang Tobacco...] $4.20

Sinceres

Watsons................

18.70

1105

$31.

MARKET

MESSRS. ROZA BROS..' REPORT

1

U.S. CURRENCY A JAPANESE VIEW

POLICY

"OF LANCASHIRE

Time English Spinners Improved

Going Slow On Inflation

A MATTER OF "COM. PETENCE

PRESIDENT Liners

Fastest Time Hong Kong to San Francisco. Speed with Comfort.

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

1

TO VICTORIA, SEATTLE 17 Days

via Shanghai, Kobe, Yokohama Fortnightly sailing. *

Fortnightly sailings Pres. McKinley................. Aug. 30, fi am Pres, Jefferson... Sept. 8, Midnight Pres. Hoover....... Sept. 13, 6 az. Pres. Grat ...Sept. 22, Midnight, Pres. Lincoln Sept. 28, Midnight Pros. Cleveland. Sept. 10, 6.m. Pres. Coolidge... Oct. 10, Midnight Pros, Jackson ... .....Pet. 14, a.. Pron, Wilson Oct. 94, Midnight Prea, Jefferson..... Ost. 28, 6 am, Pres. Hoover .....Nov. 7, Midnight, Pres. Grant Nov. 10, Midnight

ROUND TRIP FARES TO EUROPE & AMERICA.

Direct Special through rates to Europe via United States, connections with all Atlantic lines, Choice of mail lines across United State and Canada, liberal slop-over ~ privileges for Sight-seeing, Full particulars open application.

Washington-President Fanklinį D. Roosevelt's fundamental policy. regarding the inflation of currency remains unchanged.

President to time

to From time

A London dispatch

the Roosevelt has made it known he is "Asghl", draws attention to the determined to go slow" on gradual change in public opinion inflation, hoping to bring about there in regard to the British recovery by housting prices and competition with Japan.

In the recent Interview with Mr. line with this policy, expan-Mutsudaira, the Japanese Ambas- sion of currency through the Feder-sador to Landon, and Mr. Matsu- al Reserve has been retarded, while yama,

commercial commis- the President has steered entirely sloner, Mr. Wilson, representing clear of the silver provisions of the the British Government, is said to act giving him currency expansion have stated that while the BritishFortnightly sailings on Saturdays via Manila, Stmits, Colombo, Bombay..

Government has no wish to dis-

Suez Canal, Alexandria, Naples, Úzumi, Marssilles, powers.

cuss such problems as exchange,

New York and Boston, wages and the cost of living, it

wages.

the

No Further Need The gradual easing off in prices

must seek some solution for Bri- of the stock and commodity mar. kets, and the parallel strengthen-ish goods which, partly owing to

these cause, find it extremely dif ing of the dollar against foreign cult to maintain their place in currencies, has caused some to won. der whether the President might not be induced to pump a little. high life" into the currency situation,

Economists and experts have ex- pressed the opinion that the first speculative wave" after the pro- gramine started was due for a

their customary markets.

Japan 'Not To Be Frightened When the question of the ap- pearance of Japanese goods an all markets, first arose, Lancashire took advantage of it for its pro-]

paganda, but with the real posi- tion gradually made clear, the view is now Anding expression

THE EXCHANGE but that this did not that Lancashire itself should be mean the tide was not coming in. properly adjusted. The "Financia! Fluctuations Watched 4 News" in its editorial article is Nevertheless, exchange fluctua quoted as saying that British spin- tions of the dollar and the effectsners in future will have to com- of its recent 30 per cent. deprecia-pete not only with Japanese but tion on domestic business are being with Chinese and Indian mills. watched closely by the administra Even if the coming Anglo-Japan- tion to determine the proper level ese conference fails to bear fruit. Japan will not be frightened, it of ultimate stabilization.

Administration officials apparen says. Lancashire has abandoned try feel that the dollar is not like its traditional principle, and now looks to the Government for assis- tance. The only salvation for it, however, lies in the reduction of the cost of its products.

Lancashire Must Be Compelled The very fast that Japan, with

Messrs. Roza Bros.. have" for warded us the following Exchange Market Report for Saturday.

Silver prices dropped 1/8 yester-ly to show further acute weakness. day for both deliveries, the quota- Full efforts of the depreciation of tions being 17 3/4 for Ready and the dollar in relation to foreign 17 7/8 for Forward." Silver advices gold currencies have not yet been reported speculators as having felt in domestic business on prices, sold. China Banks bought. Ameri-economists point out, and it is con- ca was inclined to buy. The tone sidered probable that the govern- only 0,000,000 spindles, exports as at the close was inclined to firm-ment will take po further inflation-much as that exported by Lanca- ness. In America the rate was sub-ary steps until the effects can be shire, which owns 50,000,000 spin- stantially higher at 37 1/2 for gauged. Spot. The tone was steady.

New York advices reported the opening rate at 4.81 and the clos- ing rate at 465 1/2.

Market. Steady but quiet.

Sterling.

No business was reported. There were sellers at 1/4 23/32 August/ September and 1/4 25/32 October, buyers probably at 1/32 higher respectively.

Yen la

|

One high official, presumably speaking with knowledge of the attitude,told the President's United' PreK,

We are going to feel our way slowly. We can't plot a future course in the face of present chang. ing conditions, but we are studying nll phases of the situation."

In various quarters it is felf that the dollar has gone through the largest part of its decline and that future fluctuations would. grow smaller and smaller.

U.S. Dollars. Some business was done at 31 5/8 for near delivery. The market

Prices Slow" closed with sellers at 32 9/16 Domestic price levels, as gauged August. 32 5/8 September and 32 by statistics of the labour depart 13/16 October, buyera probably atment, show only a slight rise dur 1/16 higher.

ing the past few months, whereas the dolla dropped much more. It was believed that several months might elapse before price levels of all products adjusted themselves to the new level of the" dollar.

Theoretically, decline in the gold Early advices indicated sellers at value of currency brings a corres 1/3 but later the selling rate re-ponding rise in prices of what the ceded to 1/2 15/16, buyers probably currency would buy. Actually, at 1/3 for cash,

however, prices do not always rise that much.

*1

. Merchants were quoted at 118 1/2 for near delivery.

Shanghai Dollars. Were quoted at 111 1/4 for cash.

Shanghal

#

dies, explains that there is room for the systematisation and the reduction of the cost of produc- tion on the part of the Lancashire spinners. If Lancashire does not effect a reduction in prices, the Government should use force to make it do so, in compensation for its assistance in the coming parleys with Japan.

GERMAN "FOREIGN TRADE

Marks

as

1933

Figures For 1st Half Of 1933 : Berlin, Aug. 10. The official figures published this evening of the development of German' for- eign trade during the first half of 1933 as compared with the same period in 1932 show that both im- ports and exports have declined. Thus the imports in 1933 total |'2,086,900,000

against 2,386,900,000 Marks in the first half of 1932, while exports in amounted to 2,377,800,000 as com- pared with 2,988,700,000 Marks in the same period in 1932.

As before, Germany did greater share of her foreign trade with Europe as far as imports were concerned, about half of it coming from Europe, while in ex- ports more than 75 per cent, went to to European countries. Exports to

declined Europe

by 560,000,000 Marks or by 23 per cent.. while the export to oversea 'countries shrunk by onlyTM 42,000,000 Marks or 8 per cent.

A rise in prices to correspond LONDON EXCHANGE with the 30 per cent, decline in the gold value of the dollar would take the department of labour's wholesale commodity price index from its

of around present level

64 around 90 per cent. of the 1928 level. The administration wishes to see prices brought up to the 1996 levels.

12)

11

$11

SIO

Ch. E'tainmenta......

$3.00

Constructions, (old)}

Do

$3 30

$21

Lane Crawforda.... Mackintosha

si

RATES

[BRITIBA WIRELESS SERVICE.!

**

$84

32.10

Wa. Powells..........

$13.40

38% $1,50

Rugby. "August 25.

$10

M. Greyhounds......

Paris

82 19/32

New York

4.61

$3)..

S. C. Enterprises.

42

34

United Theatres...

Montreal

4.84

77:1

B. Ind. G. Bonda... 70%,

Brussels

23.18.

prem

I.K. Gort. Loans... 8103

Geneva

16.71

Oslo,

19.90

$8

Amsterdam

8.01

Prague......

1097

$180

8190

Milan

822

Helsingfors

2264

8165

13.754

19.37

23:40

Athens Madrid

Wallace Harper.or

H.K Wing On

Do

S'hai

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 Daily Press,

Canton Agente

171

John H. Ferguson & Co.

B. C. Shameen...

Tel. 18624.

Berlin

Stockholm,

Copenhagen,'

#Continued on next folumn)

Vienna,

near

30 Nom.

580 387

¿Contínued at foot of next column)

PACIFIC ORIENTAL

MONTHLY CARGO AND PASSENGER SERVICE

M.S. "FALSTRIA"' Sailing on or about 3rd SEPT.

For LOS ANGELES and

SAN FRANCISCO, etc.

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

LOS ANGELES, ETC.

THROUGH HILLS OF LADING 188SUED TO OVERLAND POINTS.

Excellent Passenger Accommodation

Passenger, fares Hongkong/San Francisco from 68120 (1st class only) For Freight and Passage etc. please Apply to:

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

Agente 1

JOHN MANNERS & CO.LTD:

Company Agent:

HONG BLING

Office: MERCANTILE BANK BUILDING (TOP FLOOR), 7, QUEEN'S RD., CIETRAL, TELEPHONE : 24071,

,"

| Fortnightly via Suez to Europe & America

From Garfield, Pres. Polk Pres. ¿dame

9 5.01.

8 a.m.

Sept. 2

Pres. Harrison .....

Oct, '14

Rept. 10

Free. Hayes

Oct. 28

Prra. Fillmore

Nov. 11

TO

Next Sailing Next Sailing

"Fopt. 5

Pres. Lincoln.....

Sept. 10 ...Sept. 16. Pres. Cleveland

...Sept. 3 Sept. 18 Pra. Adams..... ...Sept. 30

Pres. Hoover Pres. Polk".

Pres. Grante

MANILA

Pres. Garfield Sept. 2, 8 a.m.

Pres. Jefferson Sept. 2, 6 p.m.

"Connecting with "5,5. MATON 70 CEBU,, ILÜILO, ZAMBOANGA

DOLLAR STEAMSHIP

AMERICAN

LINES

MAIL LINE

PEDDER BUILDING-BONG KONG, CANTON BRANCH ~~4, SHAKKE ROAD.

NEW YORK STOCK EXCHANGE

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

Tel. 26380-Gloucester Building. Room 30€

(RECTER'S AMERICAN SERVICE]

New York: August 25.

Dow Jones Averages: High-1032 Low: Aug, 21. Aug 25

30 Industrials :20 Rails

* Utilities 40. Bonds

108.27

59.53

37.72

89.07

Chauge

41.22 101.41

108.07 3.66 up

13.23 $1.00

03 37

16.53 30.23

05.78 87.66

31.18 87.28

2.28. UP .95 up

.10 down

Aria Lands, Limited, has received the following report from their New York correspondents, E A. Pierce & Co. Tho Federal Reserve's announcement of increased buying of Government securities during the past week served to provide the stimulus for today's rise. The Amount purchased was not comparatively large but is interpreted to. mean the inauguration of a definite policy to expand credit. Many authorities think that another step will shortly be some recognition of the world value of gold. The general feeling is that the path of least resistance remains upward. Whent: A bullish construction is inferred from the London Wheat Conference. The strength of securi- ties is accepted as a positive inflationary development. A Russian fuming story and dry weather in the Argentine revived waning bullish - support. The advance met with North-West hedging which, together with profit-taking, checked the up-turn.. Winnipeg partially respond ed to the frost predicted. The Northern sections show liberal exports. Cotton: Beflected the activity, in other markets, with demand more. general, Silver: There was an adrance on general buying, due to the strength of Sterling in sympathy with other markets. The Trade bought some sliver at the lower levels and there was scattered Commis- sion house and speculative selling. Business Done: 3,330,000 shares,

Drv. 8 HIGH Low PER. SH.

42

1939

Canadian Pauıb:

-J. I Case

LAST SALE

81011 $1074

1831 1421

Aug, 21. Aug, 25.

1011

30

30

Air Beduction

131

42

0.00 Allied Chemical & Dye

the

บ

202

4,00 American Can

91-

5

American Smelting.

37

30

131

701

0.00 American Tel & Tel

1274

·

1/3

44

5.00 American Tobacco "B"

901

40%

11

1.00 American Waterworks

36

214

3

Anaconda" Copper Mining

1011

28)

2.00 Auburn

582

-614

20

40

Bendix Aviation

18

19

436

18

1.60 Borden Company

273

20$

71

.16%

163

泄

102

73.

.208

48

0.50 Caterpillar Co.

231

4.

476

17

2.00" Chase National Bank

37%

5

1.00 Chrysler Motorsú

681

3.40 Consolidated Gas of N.I.

49

50

Curtiss Wright......

31

BIS

5.00 Drags, Inc.

401

471

B3+

2.00 Du Pont de Nemours

80 63%

876

3.00 Eastman Kodak

64

.84

207

Ce. Electric Bond & Share ........

23

48

18

21.

Electric Power and Light...

30

B

0.10 Genera: Electric

243

401

10

1.60 General Foods

373

33

70

241

10.

1.

Gillette Safety

28

1.90 Gold Dust

448

10g

100 174

34

4.00 Liggett & Myerɛ "B" '

973

32

www.w

263

27%

58

201

2.30 National Biscuit ....

༠༠tia***h--ས

33-2 373

164-

1.00 National City Bankette

31

104

1.20 National Dairy Products

301 hid: 217

19

0.00 Otis Elevator

The decrease of Germany's fa- vourable trade balance in the first half of this year was mainly due to the shrinkage of trade with overseas countries. The decline of Germany's import was largely due to the fall of the "general price level, whereas the shrinkage of 'ex- ¦ ports was caused above all by the fall in the. total" volume of goods sent abroad.

S.M.R. SHARES

New Issue Over-Subscribed.

The South Manchuria Railway Company has now closed the sub- scription, list for its new shares numbering 1,200,000. It is stated that the subscriptions totalled 3,518,150 or nearly three times as much, Allotments will take place early in September. It is expected that the new shares will bear a premium of about Y5.

Lisbon Bucharest Belgrade,

Electric Auto-Lite Co.

1.00 General Motors

0.60 International Harvester

International Tel & Tel.

1.00 Loew's Inc..

Montgomery Ward

2.00 Pacific Gas & Electric .....

www

Packard Motors

0.50 Pennsylvania Railway,

Badio Corpaja

Bears Boobuck

1.00 Standard Brands

Standard Gäs

100 Standard Oil Co. of

Jersey

Bocony Vacuum Corpn. 1.00 Texas Corporation Trans-Americs

1.00 Union Carbide & Carbon

United Air and Transport...

0.40 United Corporation

United States Steel

Westinghouse E. £ M..

1072 550

243

Rio

4OR

Buenos Aires, Montevideo,

42O.R. 34 Nom

28.

RZ

1/81/16

1/39

1281

4,00 Union Pacifio

1/25/16

171

177

Bombay,

Shanghai

Yokohama

¡Silver (Spot)

Silver (Forward)

War Loan 34 per cent. ́99 13/16'',

40

1967

302