1933-08-31 — Page 13

DAILY SHARE QUOTATIONS "Sharebrokers' Hong Kong Stock Exchange

Association

Buyer Bollers

HONG KONG DAILY PRESS, THURSDAY, AUGUST 31, 1933.

MONEY AND MARKETS

PRESIDENT Liners

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

To SAN FRANCISCO 19 Days To VICTORIA, SEATTLE 17 Days

via Shanghai, Kobe, Yokohama, Honolulu

Fortnightly sailings

via Shanghai, Kobe, Yokohama Fortnightly sailings Pros. Hoover. Sept. 13, 6 am. Pres. Jefferson. Sept. 8, Midnight

...Sept. 29, Midnight: Fres. Lincoln Sept. 26, Midnight Pres. Grant Pres. Coolidge... Oct. 10, Midnight Pres Cleveland... Sept. 10, 6m: Pres. Wilson Oct. 94, Midnight Pres, Jackson......Oct. 14, 6 m

Oot, 28, 8'an. 1. Pros. Hoover ......Nor, 7, Midnight Pres. Jefferson ...

Nov. 10, Midnight Pres. Taft Nov. 21, Midnight Pres. Grant

ROUND TRIP FARES TO EUROPE & AMERICA,

Direct Special through rates to Europe via United State. connections with all Atlantic lines.

Choice of rail lines across

United States and Canada, liberal stopover privileges for Sight-seeing. Full particulare upon application.

| Fortnightly via Suez to Europe & America

Fortnightly mailings on Saturdays vis Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Gauta, Marseilles,

107)

+1 Ö.R.

Proa, Garfield,

Pres. Polk

1/3 19.37

30 Nom.

1/2 5/16

Pres. Adame

New York and Boston.

Jam ..Bept. 9 ...Sept. 18 ...Sept. 8)

Pres. Hayes

Free. Harrison

Fres. Fillmore

MANILA

Oct 14

Oct. 28

Nov, 11

竹

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

$1,8151

$1,825

£129

£164

224

£91

$102

$104

N, C. & S. Barks ...

$20

Am. O. Fin, Corp: 8.

Ch Fin. Corp. Ord. 8.

Do.

Pref. &

Insurances

$320

"Canton IngarAUGES.....

$310

$1,80

Underwriters

$1.98

$365

Union Insurances ‚i.

1560

1095

China Fires******

$590

Hong Kong Banks $1,825...

$200

H.K. Fires

$261

Bank of East Asia, $104.

16 to

International Amce. S.

Hong Kong Lands $76.

laminal.

WEDNESDAY, AUGUST 30.

Ballers

Buyers

Nomias

HONG KONG STOCK

LONDON EXCHANGE RATES

Banki

H.K. Banka. ******

Do. (London) .......| Chartered Banks ..! Mercantile Bks. "A"

Do.

Bank of East Asia... $103

$1,810

£34

444

¥

37

MARKET

YESTERDAY'S OFFICIAL QUOTATIONS

Throughout the morning, local securities remained more or less dull. Considerable excitement, how- ever, prevailed in the mining sec. tion, the whole list under that head registering higher levels, this being chiefly due to the very bullish news from Manila.

Sales.

Brussels Bucharest Buenos Airess Copenhagen Genevi Helsingfors Hongkong

Lisbon

Is. 6d. per Rupee 35 Belgas 813.588 Lei 47.58d. per Peso

18.159 Kronet 25.22) Francs 193.23 Marke

(BRITISH," WIRELESS SERVICE)

065

On Amsterdam Athens Belgrade Berlin Bombay

Sterling Parity

Aug. 28.

Aug. 22.

1810 Florina 373. Drachmae ... 276,318 Dinnes

20:43 Marks"

7.90

7.99

4563

243

285

13.38

13.38)

1/8.1/10

1/8 1/16

0.85

29.947

340

43 *O.R.

537 433.O.R.

92.40

23.40

18.07)

17,50

2061

926

1/4.7/6

Shipping:

Hong Kong Ropes $7.45.

Madrid

Buyers.

Milan......

110 Escudos 95.99 Pexetay 49246 Lire

108.

"105

381

381

60.7/16

60%

$381

Douglases ............stic

134

ww

Hong Kong Banks $1.815.

Montevitled

34.88d. per Peso

35 Nom.

33 Nom.

$18

Steamboats min

$14

130

Indos (pref.)

Bank of East Asia, $102.

Montreal

$30

136

Do. (def.)

Underwriters $180.

New York

$35

55

Shella

Douglases $324.

Oslo

15/

57/0

$15

Waterboats

Benguet Consolidated $424.'

Paria

$16

Raubs $11.70.

Mining

Prague

Venz. Goldfields 851,

Rio de Janeiro

Benguets.***

Benguet Explorations 32 cents.

3418

Venezuelu Gold Fids. $5.35

Hong Kong Lands $76).

Shanghai

4.867 Dollars 4.867 Dollars 18.159 Kroner 194.91 Franes 184.25 Kronen 20.93d. per Gold

Milreis

10t

81.7/16 1071 410. R.

1/2.18/16

4.701

4.77)

4.53

4.04 19,00 81 7/18

3/9

Kailans.....................

25/

Ewo Cottons Sh. $14.7O.

Stockholm

817

$11.70

C.

$128

80.40

23.20

Explorations.......

Shanghai Loans .

Raabs *** Tronoh Mines. Benguet Explorations Docks, Wharves, Godowns, sto.

H.K. & K. Wharver. Providents (old)

Do.

(new) ... H.K. & W. Docks....

$1,35

161

18

S. China Motors A'

"Do.

"B"

Langkats (single).

$17

Peak Trams., (Old) $154.

Vienna

Star Ferries $951.

Yokobaina

34.56

18.159 Kronor Schillings

19.37" 30 Nom.

$4.58 per Yen

+9

17.13/16

18

PAM

17.15/16 31%

18)

$701

!!!

$95;

$71

#343

Hongkewa

3701

$144 Shangliai Docks S.

$6.40

New Engineeringe S.

Lands, Hotels, and

Bulidings

19/

110

+3127)

***

$3.85

140

#17

$144

Eléctrics 8741.

Constructions (New) 80 cents.

Government Loans 34 per cent,

Premium.

Sellers.

Wharves $128.

N

Hong Kong Trams $221. Yaumati Ferries 8251.

China Eights (Old) $124.

Cements (Combined) 24.30.

Dairy Farms #29.

Sinteres $13.40.

THE EXCHANGE

H.K. Hatele

30.55

H.K lands........

$78)

J

BJZ

Shanghai Landa... 8.

MARKET

314

Metropolitan Lauds..

$7.90

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

$13

3137

ᎬᎪᏗ .

$140

321

$7

China Do ...... ..S. Do. Debentu es3.

Humphreys

Na Asia Hotel

Ain Realti "A'S

Do.

"H" B

Chinese Estates.....

Cotton Milla

EWOR

Zoong Singe

19

Do. · (new)...

China Lights (old)...

H.K. Electrics $746

MESSRS. ROZA BROS.. REPORT

Messrs. Roza Bros. have forward-

ed us the following exchange report for yesterday:---

Silver prices rose 3/16 yesterday for both deliveries, the quotations

$14.00 being 18 for Ready and 181 for

314.70

$107

Si Cottons......S

108

814)

S

3144

20

Wing On Textilas(S.) 371

++

Public Utilities:

3221

Tramways SAVITATE,

122.10

B152

Poak Trams (old).....

$16

$72

57+

Star Ferries

$25

Yaumati Ferries

5004 $214

$121

1125

...

$12.33

Do.

(DBW).

$12.40

$746

$13

Macao do.

$70

Sandakan Lights'...../

$31

Telephones...

1311

8/11

China Buses...... S.

.3 -

Trictions

15-

Industrials

316

Malabon Sugars

$20

Caldbeck, ard.) .

316

::

$3

Po. (prof.).

Macgregors f(pref.)8.

Canton Ices

Cements (comb.)...

Do.

(uld)...

Da. (DW)...

Порев

Miscellaneous

Dairy Farma

Der A Wings.........

$11 Amusements......

14.30

5.4

56 cts

$7 450

$9)

Do. (new) 26 cts.

Mackintosha......

Nanyang Tobacco....$4,20

Sinceres

Watsons

Wm. Powells......

!!!!!

31A

38

34,10

$3

50 cta.

Forward. Silver advices reported China as having bought. America

Silver (spot)

Silver (forward)

War Loan

CIN LONDON:-

Closing Quotations

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

Light

Credits,

sight

4 months'

"ON NEW YORE:-

ON SHANGHAI:—

TO

Next Sailing

Next Sailing

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

C

Pres. Hoover

Sept. 5

Prea. Liucola......

...Sept. 10

Pres. Polk

Capt. 18

Pres. Cleveland-

.Sept 23

August 30, 1933.

· } 1/49"

Pres. Grant

Sept. 16

"Pres. A dariis

...Sept. 30

On Demand

110j

ON KOBE:-

On demand

114).

OK MANILA:-mi

On demand

eli nom

ON SINGAPORE:----

1/51

On demand

63+

DOLLAR

|AMERICAN

ON BATAVIA -

On demand.....

34 nom

ON SAIGON!---

On demand

-55 |

ON BANGKOK :—

On demand SOVEREIGNS, Bank Buying

Rate BAB SILVER, per ok · 18

136

1/5

Connecting with S.3. MAYON TO CEBU, ILOILO, ZAMBOANGA

STEAMSHIP LINES

MAIL LINE]

PRODER BUILDING-HONG KONG,

CANTON BRANCH:14; BBAKXZ ROAD.

NEW YORK STOCK EXCHANGE

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

Tel. 23380-Gloucester Building,Room 30€.

[REUTER'S AMERICAN BERVICE}

Bank Bills, on demand 311 nom Credits, 60 days' sight.. nom ON PARIS:-

Bank Bilia, on demand 555 Credits, 4 months' sight ana ON INDIA

Telegraphic Transte...). Bank, on demand... J

802

CRISIS IN NITRATE

INDUSTRY

operated both ways. Buyers were Chilean and Synthetic

satisfied. The tone at the close was inclined to easiness. In America the rate was higher at 371 for Spot. The market was firm...

New York advices reported the opening rate at 4.57 and the clos- ing rate at 4.551. The lowest rate done was 4.52.

Market.

Producers Cutting

Prices

(Special Air-Mail Service)

London, Aug. 16. The world nitrate | Opened, steady but later Armed

industry is about to face one of the up in sympathy with Shanghai.

most severe price wars in its chequered *Sterling. The market opened with sellers history. As a whole, producers of at 1/4.23/32 September but a fair natural and synthetic nitrates are soon working at about 39 per cent. of amount of business was transacted at 1/4.13/16 October. capacity owing to decreased world The market. then firmed up and demand. Besides curtailed production, those engaged in this industry are now business was done at 1/4.27/32 Oc-

to suffer from a lowering of prices. tober followed by transactions at

The crux of the present situation is 1/4.27/32 for near and also 1/4 the fact that the Chilean authorities September. The market closed

cannot see their way to sell natural with sellers. at 1/427/32 August-nitrates at prices much higher than September, 1/41 October and 1/4. those of the synthetic producers. The 29/32/November, buyers probably at recent conference in Paris has broken 1/41 August/September, 1/4.15/16 down because Chile would not submit October and 1/4.31/32 November. to the demands of German, Norwegian and Dutch producers. Overtures have U.S. Dollars.

resume negotia since been made tions, but while the parties concerned are not prepared to make sacrifices, the outlook is definitely gloomy.

The natural nitrate producers main

The market opened with sellers at 312 for near but sellers soon came out at 317 resulting in busi- ness at 32, 32.1/16 and 32% for September delivery. The market closed with sellers at 321 August-tain that Germany wishes to dictate to Chile that she should sell her product 32.5/18 October, September and

at approximately 15 per cent above buyers at 1/8 higher respectively.

the synthetic product. To this Chile Yen.

has agreed, since Germany has certain general trade agreements which it is hoped will not be upset.

J28)

310

Ch. Etainments......

$3.90

Constructions, (old)

$10 -10% 331

.80 ota.

$300

Lane Crawfords..

#1

$21

113.40

381

32.10

$12.90 ..381

$1,00

$10

M. Greyhounda

3. C. Enterprises....

$2

United Theatres... 8.

77",

B. Ind. G. Bonda...: -76"},

111.

prem

H.B. Gork Loans...) 31934)

$8

Wallace Harper...

$180

H.K Wing On ««

ስ። 8145

S'hal 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

The Hongkong Daily Press,

Canton Agente

John H. Ferguson & Co.

32, B. C. Shameen.

Tel.13624

Merchants were quoted at 117 for near delivery.

Shanghai.

HOME RAIL STOCKS

Effect Of Better Traffics

$100,000,000' RISE

(Special Air-Mail Service)

London, August 16-The London Stock Exchange is enjoying active August markets. Brokers say that clients who have not dealt for many months are beginning to take a hand. There has been keen buying for the new fortnightly Account which opens on Monday.

Gold mining shares, including West Africans, Australians and Rhodesian issues, are the most favoured specula- tions. These shares are now more eagerly sought than those of the South African companies which have to bear the burden of the heavy Government

tax

The rise in stock market quotations is itself partly responsible for the steady stream of buying orders. Many hundreds of millions of purchasing power have been created by the re- covery which has taken place in mar- Lets this year.

The Home Railway market provides one of the most striking examples of this re-creation of wealth.

At this year's lowest prices the mar kat worth of the Ordinary and Prefer- ence stocks of the "Big Four" com- panies was roughly £100,000,000. This was against a nominal value of some £630,000,000. At to-day's prise these game stocks are valued at just over £260,000,000.

Shanghai Dollars.

But the German Government goes a Shanghai dollars were quoted at step further and insists that Chile should sell natural nitrates at the same

This means that £100,000,000 of ad- higher price in other markets.

ditional purchasing power is linked This is the demand which the with this group of investments. In Chilean delegates have not been able many cases stocks have doubled in to accept. The failure of the discus-value as a result of the better traffics, sions means that & recovery in nitrate the companies, are now publishing prices will have to await An improve week by week. ment in world demand.

Early advices indicated sellers at 1/3 but subsequently. the market firmed up and towards the close sellers were indicated at 1/3.3/16 September, buyers at 1/3 Septem-

ber.

PACIFIC ORIENTAL MONTHLY CARGO AND PASSENGER SERVICE

,,་

M.S. "FALSTRIA" Sailing on or about

For LOS ANGELES ́and

3rd SEPT.

KURUSAN AN

SAN FRANCISCO, etc.

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

LOS ANGELES, ETC.

THROUGH BILLS OF LADING ISSUED TO OVEBLAND 'POINTS,

Excellent Passenger Accommodation

The East Asiatic Co., Ltd.

Passenger fares Hongkong/San Francisco from G8120 (1st class only) For Freight and Pautage, eta, please Apply to

The Chinese American Shipping Company Agenti HONG SLING

Agonia

JOHN MANNERS &CO., LTD.

Office: Mandanta RANK BUILDING (TOF FLO02), 7, QUEEN'S RD, USBYRAL,

New York: August 29.

Dow Jones Averages:

30 Industriala.)

High-1932 Low: Aug, 28. Aug' 20. Change

108.27

41.92 104. - 103.69 1.13 down

06.53

20 Utilities

37.78

89.07

13.23- 53.60 6381:21 up- 18:53 -31.08

31.11:

.06 up 65.78 87.52... 87.67 .00 up

20 Raila

40 Bonds Ania Lands, Limited; has received the following report from their Naw York correspondents, E. A. Pierce & Co. The announcement by the Treasury Department of stops to obtain world gold prices for newly mined gold took the Street generally by surprise and served to off-set, in some measure, reactionary tendencies. While this may be another direction post for inflation it was not entirely unexpected. It may be reflected immediately in further speculative enthusiasm.

Wheat: Sentiment has temporarily changed owing to the abeyance of inflation. Lacking this and political announcements to check the de- cline the market looks lower. Winnipeg whest is down to the pegged prices...

Cotton: There has been considerable hedge selling and some liquida- tion. Near the close there was a broadening of demand. This may have been due to the Presidential Proclamation on gold. The weather is showe diver: Prices opened higher on the advance in London and the strength of sterling but later weakened in syn.pathy with other markets, and rallied at the close on the Presidential statement. Business Done: 3,120,000.shares.

40%

zug

FOL

fc:

6.00 Allied Chemical & Dye.

4.00 American. Con

American Sinciting.

9.00 American Tel. & Tel.

5. American Tobacco "B"

Anaconda. Copper Mining-

J. I Case"...........

181

1932

Drv, $

HIGH Low PEE SH. 1012.

301

3.00 Air Reduction

131**

LAST SALK Aug, 28. Aug, 20. $106.109..

1421

1401

Aug

! ១.

38 40

130 " 128

13/5

US

44

-11

1.00 American Waterworks"

921 30j

00-

-304

3

18

18

1014

281

2.00 Auburn

82

ZU

Bendix Aviation

101

10 160 Borden Company

978

Canadian Pacit

167

17

182

.771

77

208-

.

0.30 Caterpillar Cö.“

gene

$47

21

478

178.

2.00 Chase National Bank

28 Bid 28 Bid

1.00 Chrysler Motors

184

340 Consolidated Gas of N.Y

41

4+

Curtiss Wright

01층

3.00 Drugs, Inc.

40

48

632

2.00 Du Pont de Nemours

300 Eastman Kodak

851

asy

Electric Auto-Lite Cor

6% Electric Bond & Share

48

Electric Power and Light...

10

0.40 General Electric

30

1.60 General Foods.

401

-1.00 General Motors

35

331

15

24

State Credit Possible

(Special Air-Mail Service)

26

202

90

374

68

841

18t

MET. VICKERS CO. AND £3,000,000 CONTRACT

Manchester, Aug. 18. It is under stood that there is a possibility that the Government may grant facilities to the Metropolitan-Vickers Electrical Co to enable it to secure the £3,000,000. contract for the electrification of the Brazilian Central Railway,

The company's proposals for the elec- trification scheme were recommended for acceptance by the Brazilian Minía- ter of Public Works In June," "bab difficulties, it is believed, have arisen over the question of credit facilities. It is feared that a foreign firm, with the support of its Government, will be able to offer a longer term credit then

the five years suggested by the Metro politan-Vickers Car

CEZA

la Oficials of the company. Wor

willing to discuss the matter last nigh but its stated in one quarter that the negotiations are progre

ably, and

help the British

the

l'as long a credit as

Your

Brazil

10 Gillette Safety pöian

1.20 Gold Dust

10 0:00 International Harvester

International Tel. & Tel

4.00 Liggett & Myers "B" 1.00 Locy's Incepan

3 Montgomery Ward

2.80. National Biscuit ... 21.00 National City Bank

1.20 National Dairy Products 0.60 Otis Elevator

2.00 Pacific Gas & Electro

Packard Motors

0.50 Pennsylvania Railw

Radio Corpn. Lar Sears Bochu

a1:00 S£ndard Brand

Staudard G

1.00 Standard Oil Co.

Jersey Bocony Vacuum Corp 1.00 Texas Corporation

Trane-America

100 Union Carbida & 6.00 Union Pacific

arbon

United Air and Transport,

„United Corporation United States Steel Westinghouse E & M.

$$\ - * - - * -*- TAT-SE

97.

•201

687-

Bid Bid

184