DAILY SHARE QUOTATIONS
"Hong Kong Stock“. Exchange
Buyers Sellers Bales Nominal
Sharebrokers'
Association
MONDAY. AUGUST.28.
Sellere 1. Bayern
Balu Momira
$1,815
***
£24
$1,805
£198
216
£4
Banky
HI.K. Banks
Do. (London) Chartered Banks..... Mercantile Bs. "A"
£01
Do.
$1b3
Rank of East Asia....
N. O. & S. Barke
$20+
Am. O. Fin. Corp: 8.
卡
$1021
$7
***
$1.80 $558
$474, Ch Fin. Corp. Ord.
Du. Prof. d
Insurances
$320, Canton Insurances..
Underwriters
$310
$24454
Union Insurances...
$1.95 1080
$695
China Fires
3200
H.K. Fires
$690 $263.
16 60
International Assos. S.
Shipping
1321
Douglases
134.
Steamboats
VIE
$30
Indos (pref.)
$30
$35
Do. (def.)
$35
64/41
Shella
52/
Waterboats
$15
$13
Mining
$34
Boogueta
337
$51
Venezuela Gold Fida. $8.10
28/9
Kailans *****
$17
Langkats (single):
25/- $17
#4
Shanghai Loans.
Explorations......
$4
$6
$76)
$15.50
$741
3111 13/
HONG KONG DAILY PRESS, TUESDAY, AUGUST 29, 1933
MONEY AND MARKETS
LONDON FINANCIAL NOTES
Associated Equipment & Fusion Rumour: British Iron & Steel Revival: Canada Gets £15,000,000 In A Minute!
(Special Air-Mall Service)
ASSOCIATED EQUIPMENT
SHARES
London, August 9. Underground shareholders have been pleasantly surprised by the keenness of the demand for Asso- clated Equipment £1 Ordinaries.
The terms of the London. Pas- senger Transport scheme provide for the
of distribution the £1,426,800 of A.B.C. shares among holders of Underground £1 shares in the ratio of 13:1/3 A.E.C. per 100 Underground.
The necessary formalities for the conversion of the A.E.C. from a private concern into a public com- pany will take some little time. Meanwhile, however, the shares are being dealt in around 32s. 6d. subject to permission to deal be- Ing granted.' Normal dealings will $18 probably begin later this month.
Dividend Yield
For
$3.75
31.40
317
$144
*7i
***
***
31jets.
brundaja perjur
36.40
31.90)
·Rauby.....
Tronoh Mince ... Benguet Explorations Docks, Wharves,
Godowns, eto,
$129 H.K, K. Wharves.
$3.80
11.35
*THI
Providente (öld) ... Do. (new)... H.K, &W. Docks... S. China Motors"A"
I. $144 Shanghai Docks S.
81
#343
$32
$14
$7.90
$15
$137
$14
$140
320
1" S
3107
#g"
New Engineerings S. Hongkews. Lands, Hotels, and
Buildings
H.K. Hotels. A.K Lande................... Shangbai Lands...8. Metropolitan Lands.. FI.K. Realties......... Chips Do................ Do. Debentures. Humphreys ** New Asia Hotel Asia Reniti "A"S.
Do. "B" 8.
Chinese Estates .....
Cotton Mills
Ewog
Su Cottous...... S.
814) Zoong Sings... S
$80 Wing On Textiles(S.) 701
Public Utilitieg
Tramways..........
Peak Trains. (old).
$8.00
+76)
***
$8
$131
315
$109. 8143
$224
รม
1321
Do.
(new),-*
1901
Star Ferries
ફ્લે
$25
Yaumati Ferries
$15 371
824)
$12.75
China Lights (old)...] 112 70; $12.90
$12.35
Do (now).
323)
H.K. Electrica ****
312:40 $74+
$23
Macao do.
$10
Sandakan Lighta
432 $31
Telophones
3311
319/32
$11
China Busos ............S..
૧.
m
::
Tractions.
15,0
Dc. (prof.)...
Industrials
3+G
Malabon Sugara ***
$15
$20
Caldbeck, Kord) S.
$18
Macgregore(pref.)8.
30
Canton Ices
$9
Cements. (comb.)...)
*5
14 75
80 ots
Do. Do. Ropes
(old)...
14
(now)...
#1
$72
poly of the United States and Czechoslovakia.
British makers are now deriving the first benefits from the exhaus- tion of foreign stocks of semi- steel products Huge finished quantities of Belgian and French, billets were dumped in the British market in anticipation of the im- port duties. Now that these stocks are running down it is possible that prices may be put on a more satis factory footing..
One of the effects of the im- provement in the iron and steel trade is to be seen in the better Every trend of rallway tarifics. extra ton of steel produced means a much larger · movement of coal, The company coke and plg-iron. deriving the biggest proportionate gain is the London and North- Eastern, with its close interest in the prosperity of the north-east
coast."
The LINE.R.'s weekly traffics are already beginning to show molest increases compared with the cor responding weeks of 1932.
SUCCESS
The £1,428,800 Of Ordinary shares are the sole capital of the Associated Equipment Company,|CANADA £15,000,000 LOAN there being no Debentures or Pre- ference shares. Dividends are paid free of tax and were 8 per cent. in each of the years 1928 to 1929, 10 per cent. for 1930 and 1931, and 7 per cent. In 1932.
At 32s. 6d. the return offered on the basis of last year's dividend is £4, 12s. per cent, tax free, equi-
Lists of subscriptions for the Canadian £15,000,000 loan opened in the City yesterday at 9 a.m, and When closed one minute later. official figures are available, it will probably be found that total ap-
plications amounted to something between £50,000,000 and £60,000,- 000....
valent to £6 6s gross. Dealers point out that Leylands, paying 10 per cent. less tax, standing at 38s.. offer a gross return of only £5 3s.to the amount of £50,000,000 or
per cent.
The strength of the AEC's position is in its close working con- nections with the L.G.O.C.. and it is understood that these will con- tinue in force under the new transport scheme. At the annual meet of the Underground this year Lord Ashfield stated that the pro- fits of the "A.E.C. for 1932 amounted to £127,482, and that, after paying a 7 per cent. tax free, dividend, the carry-forward was being rais- ed by £14,982 to £230,258. He added that "the present out- look is not favourable, and I am afraid that the results for the year 1933 will be less satisfactory than those of 1932.”
This does not mean that cheques
£60,000,000 were actually in the letter-box of the Bank of Montreal* this morning, for the amount pay- able on application was only £5 Percent. Nevertheless, the rush to subscribe was very notable.
HONG KONG STOCK MARKET
YESTERDAY'S OFFICIAL QUOTATIONS
Union Insurances developed fur thor strength to-day, and some few parcels changed hands up to 8506, Telephones and Dairy Farms, on the other hand, were easier,, whilst Hotels and Cements agam with stood considerable pressure, closing lower on the day.
Sales
Union Insurances, $368. Benguet Explorations, 313 cts. Hongkong Trams, 22). China Lights (old), 312). Electricts, 875). Telephones, 832.
Buyers
Hongkong Bank, $1805: Bank of East Asia, 8103. Union Insurances, 8505. Underwriters, 81.80. Douglases, $39. Venz Goldfields, 881. Hotels, 86.
Hongkong Lands, $78). Ewo Cottons, Sh.814.85." Peak Trams (old), 8137 "Electrics, $749. Constructions (New), 2 cents. Govt. Loans, 3% Prem.
Hellars
Hongkong Trams, 221. Telephones, 839. Sinceres, 813.40.
THE EXCHANGETM MARKET
MESSRS. ROZA BROS.. REPORT
Messrs. Roza Bros., have for- It was induced both by the in-warded us the following Exchange trinsic attraction of "a trustee security yielding a full 4 per cent, Market Report for yesterday:— and of 20 years' duration, and also by the prominent welcome accord ed in the City to Canada's recent decision to link her financial policy more closely with this country.
Apart from their dividend and earnings position. A.E.C. shares are being considered in relation to fusion possibilities.. Reports have been circulated that the company Is in negotiation with Leyland IN Motors, and it was predicted in some quarters that a fusion of these two undertakings would be announced as part of the Under- ground liquidation plan.
have These predictions falsified in the event, but it is be- lleved that discussions continue to take place from time to time.
}
been
$28.70 VEW "ACTIVITY IN IRON
AND STEEL
There are reports of décidedly better trade, from the big iron and steel centres. In Middlesbrough | makers are finding less difficulty in disposing of their output.
Most of the orders come from home consumers, but sales at low prices have been made to several foreign markets. Merchants dis- close that buyers are now willing to take a longer view and are con- tracting for supplies. two or three months ahead."
Sheffield reports "big increase in business compared with the same period of last year. One firm
EXCHANGE
CLOSING QUOTATIONS
August 29, 1932.
LONDON. Telegraphic Transfer... Bank Bills, on and la
Bank Bills, 4 months'
sight
Credits, 4 months'
sight
ON NEW YORK:-
1,5)
Bank Billa, on demand zij nem Credits, 60 days' sight.. "nom"
ON PARIS
Bank Bills, on demand hgy - Credits, à months' sight 100.
ON INDIA
Telegraphie Transier... -Bank, on demand
On SHANGHAL:--
On Demand.......
ON KOBL:-
"On demand ON MANILA:--
On demand ON SINGAPORE :~~~
On demand ON BATAVIA:—
On demand
ON SALOON→→→
On demand
Silver prices rose 3/18 yesterday for both deliveries, the quotations being 17 15/16 for Ready and 18 1/16 for Forward. The rise was attributed to American bear cover ing. China operated both ways, America also bought and sold.
Buyers Speculators sold. satisfied at the close. The tone was steady. In America the rate was indicated 'at 37 1/2 for Spot. The tone was steady.
were
New York advices reported the opening rate at 4.81 1/2 and the closing rate at 4.63.
US. Dollars,
WAS not
PRESIDENT LinerS
13
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
TO SAN FRANCISCO 19 Days To VICTORIA, SEATTLE 17 Days
40
via Shanghai, Kobe,
Yokohama, Honolulu
Fortnightly sailings
via Shanghai, Kobe, Yokohama
Fortnightly sailings Pres. McKinley Aug. 30, 6 s.m. Pres, Jefferson... Sept. 8, Midnight Pres. Hoover ..... Sept. 13, d'an. Pies. Grant...Sept, 29, Midnight Pres. Lincoln ...Sept. 26, Midnight Pres. Cleveland ... ..Sept. 20, 6am. Pres. Coolidge... Oct. 10, Midnight Pres. Jackson ..... Oct. 14,6 K. Free. Wilson... Oct. 24. Midnight Pres. Jefferson Oct. 28 6. Pres. Hoover ...... Nov. 7,3lidnight Pres. Grant Nov. 10, Midnight
11
ROUND TRIP FARES TO. EUROPE & AMERICA.
Direct Special through rates to Europe via United States. connections with all Atlantro lines. Choice of rail lines, saros United States and Canada, liberal stop-over privileges for Sight-seeing. Full particulars upon application.
་
| Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Stmits, Colombo, Bombay, Suez Canal, Alexandrie, Naples. Ganca, Marseilles, New York and Boston.
Pres. Garfield.. Pres. Polk Pres. Adam
8w.m. ...Sept. 2.
..Sept. 16
...Sept. 30
TO
Next Sailing
TANG B
•
Pres. Harrison ... Pros. Hoyce
Oct. 14
Oct. 28.
Fres. Fillmore
Nov. 11
MANILA
Pres. Garfield- Sept. 2, 8 a.m. Pres. Jefferson Sept. 2, 6 p.m.
Next Sailing
Pres. Hoover .................
Sept. 5
Pres. Lincoln.......
Pres; Polk ............................ ..............Sept. 18 Pres. Grant
Pres. Cleveland
Sept. 18
Pres. Adame.....
DOLLAR
AMERICAN
...... Sept. 19
.Sept. 23 Sept. 30
Connecting with 8.8. MAYON, To CEBU, ILOILO, ZAMBOANGA
STEAMSHIP LINES
MAIL LINE
PEODER BUILDING-HONG KONG, '
CANTON BRANCH-4, BBAKER ROAD,
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG.)
Tel, 25380-Gloveaster Building, Room 300.
{REUTER'S 'AMERICAN SERVIE)
New York: August 27. Dow Jones Averages:
30 Industrials 20 Rails 20 Utilities
40 Bonds.
#
High- 1932
108.27
*06.53
37.72
89.07
Low: Aug, 24. Aug 25 Change
.41.22 101.41 106.07 3.86 up 13.23 31.00 53.37 2.28 up 16.53 30:23 31:18 95 up 65.78 97.6887.58.10 down
- Axis Lands, Limited, has received the following report from their New York correspondents, E. A. Pierce & Co. Wheat: The opening re- flected the better Liverpool market, where the Wheat Agreement stimulated trade demand and new speculative buying. The lack of rain in Argentina has not been relieved. There was some week-end realising. There was a good demand, while caah markets were frit Some farmers are appearing' to be unwilling to hell at the current levels. Cotton: Good foreign and speculative demand," in sympathy with the higher Liverpool; prices, are attracting Southern selling The Trade bought moderately on the declines. There is evidence that the fixing of prices seems to be close. The weather is unfavourable. Business Done: 3,330,000 shares. ....
403-
20
·Drv. 8.
Canadian Pacific
(27jbid 2014.
Market.
Dull, the undertone robust.
Sterling.
1932
HIGH
Low PEE. SH.
#
$#J
Miscellanson
Dairy Farma
4.
BI
Der A Wings........
$11
Amusements ......
$106
3108
Ch: E'tainments...........
$104
$3.90
Constructions, (old);
$3.75
.85 eta.
Do. (now).25 uta
Business was done during the course of the morning at 1/4 23/32 for
delivery. The September market closed at lunch time with sellers at 1/4 11/16 cash,. 1/4 23/ 32 second half September and 1/47 October, buyers probably at 1/32
respectively.
2012
301
30 Air Reduction.
131.
42
6.00 Allied Chemical & Dye
LAST SALE Aug., 24. Aug. 25.
91011 81071 1136142)
16
299
4.00 American Can
91.
40%
31
-
American. Smelting,
37+
1372 va
701
9.00 American Tel, & Tel.
1271
1201
4
5.00 American Tobacco,
901
11
1.00 American Waterworks
28
$3.90
Lane Crawfords.....
น
村
3
$21
Mackintosha
Nanyang Tobacco... $4.20
*101
113}
1514
201
Anaconda Copper àlining 2.00 Aubur
18
381
204
4+
Bendix Aviation
18
19
$13,40
Sincere....ps-duo-s
$15.90
Watsons****
$9.10
Wm. Powells
$1.90
$10
M. Greyhounda......
62) om
K8
$9
8. C. Enterprises ...
$4
United Thestres...
.8.
Bom
77/
B. Lai, G, Bonda.....| 76",
pref.
HK: Govt. Loans ....... $103
58
Wallace Harper ......
Ox BANGIÓK:-
1180
EK Wing Ooh
#178
Business was done early in the morning at 32 3/8 October, 32 5/16 October, 32 1/8 near and 32 1/4 October. The market closed at lunch time with sellers at 31 7/8 near, 3115/16 September and 32 1/16 October, buyers at 32 August and probably September and 32 1/4 October.
431
18
1.60 Borden Company
27
90€
16
102
90.
161
J. I Caso****
-73),
TO
40"
0.50 Caterpillar Co.
231 #244
476 37
17
2.00 Chase National Bank
1.00 Chrysler Motors.....
47
681
31
3.40 Consolidated Gas of N.Y.
49
4
Curtiss Wright........
31
34
B1
23
3.00 Drugs, Inc.
46)
47%
"S'hai
Do
On demand
133 "
22
2.00 Da Pont de Nemours ....
80
$146
is achieving successes with a new Soviamora, Bank Buying rapid machining steel, a product Häte which until recently was à mono- | BAR SILVER, per 03 iandien 17 U/6
Yext.
876
aut
#3.00 Eastman Kodak pem
81
Electric Auto-Lito Co.
·1/5
321
'201
6% s. Electric Bond & Share
234
Merchants were quoted at 118 1/2 for 'near delivery.
48
Electric Power and Light.
18.
0.40 General Electric
241
30
1.60 General Foods
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 Agonia
John H. Ferguson & Co.
92, B. C. Shameon.
Tel. 18624.
PACIFIC ORIENTAL MONTHLY CARGO AND PASSENGER SERVICE
M.S. “FALSTRIA” Sailing'o
For LOS ANGELES and
· SAN FRANCISCO, etc.
CARGO AND PASSENGERS ACCEPTED FOR SAN FRANCISCO, VANCOUVER, BEATTL
LOS ANGELES, ETC.
THROUGH BILLS OF LADING ISSUED TO OVERLAND POINTS.
Excellent Passenger Accommodation
Passenger fares Hongkong/San Francisco from 68120 (1st cisas only) For Freight and Passage, eto, please Apply to:
The East Asiatic Co., Ltd. The Chinese American Shipping
Agente:
JOHNMANNERS & CO, LTD.
The Company
HONG SLING
Offce: MancaNTiM BANK BUILDING (SOP ELOos), 7, Qussa's Bo., Unberal, ÚCETAPHONE 024071
The market closed with sellers at 1/4 11/18 for cash, 1/4 23/32 second half, September and 1/4-3/4 October, buyers at 1/32 higher re- spectively.
Gold Dollars,
T
Easier. Business was done at 32 1/8 October. The market closed with buyers at 31 7/8 August, 31 15/16 September and 32 1/8 Octo- ber, sellers at 3193/4-August,: 31 13/16 September and 321/18 October
198
45/* 14
0.50 Pennsylvania Hailway
Radio Corpo.
Sears Hoebuck
1.00 Standard's Brands
Standard-Gas
1.00 Standard Oll
Sooony Vaenum Corps.
91 100 Texas: Corporation
Trans-America, mida
100 Union Carbide & Carbon 6.00 Union, Pacife
United Air and Transport... 0.40 United Corporation
United States Steel ..... Westinghouse E. & M.
Shanghai Dollars.
401
331
1.00 General Motork
324
1. Gillette Safety
Were quoted at 111 9/16 for near delivery.
241
1.20 Gold Dust
201
Shanghal
44%
10
0.00 International Harvester
39
'on or about
.201
28
International Tel. & Tel.
3rd SEPT.
Early advices indicated sellers at 1/2-15/16 buyers at 1/5. Bubse- quent advices indicated the market as being a shade easier.
96
344
4.00 Liggett & Myers "B"
1.00 Loew's Inc.?)
371
281
Montgomery Ward
201
58
201
2.80 National Biscuit
37
18
100 National City Bank
301 bid
10
1.20 National Dairy Products,
10
IN THE AFTERNOON.
The market was quiet in the afternoon, no business was' re- 'ported." (s.
0.60 Otis Elevator.....
16
2.00 Pacific Gas & Electric ...........
Packard Motors.........
Thick
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