DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers'
Association
HONG KONG DAILY PRESS, TUESDAY, OCTOBER 10, 1933.
MONEY AND MARKETS
London, Sept. 19.
12 10 Florina 373 Drachmae. 278,318 Dina;s 90.40 Marks 18., 6d. per Rupee Belgas 813,368 Lei .... 17.58d. per Peso
$23
SATURDAY.
Buyers
Sales
Meratesl
Suyarı
Balleru Balos
OCTOBER 7.
Bants
$1,815
FDK. Banks
$1,815
LONDON FINANCE NOTES
LONDON EXCHANGE RATES
£1304
Do. (London)
2153
Chartered Banks...
(BRITISH · WIRELESS SERVICE.)
Mercantile Bis. "A"
$
ROLL ROYCE, DIVIDEND
£134
Da.
List
St
Bank of East Asia... 3104
N, C. & 8. Barks
$7
(Special Air-Mail Service)
#20
Am. O. Fin. Corp:
$4 35
Ch Fin. Corp. Ord.
Do..
Prol. $
Insurances
$2.10
$325
1570
**
$330
43271
Canton Insurancon.....
$1.00
***
*
Underwriters
Ines
Union InsuraDOGS 29
*696
$590
$890
China Fires********
Од Anisterdam Atbens Belgrade Berlin Bombay
Sterling Parity
|
Brussels Bucharest
3270
H.K. Firesar
SHI
International Assos, 8.
***
Shipping
$341
T
$34
Douglases
F18
-$18
Steamboats
330
Indos (pret.)
$30
135
Do. (def.)
$36
16/3
Shells *****
56/-
**
$10
$10
Waterbosta
Mining
iii.
$1.05
$1.3/06
Amtamoke...redien
$37
Ralatcos
67 eta
Baguio Gold
$
Bengast Consolidated
50 C$4
Do: Exploration 45 cts.
(300) Do.
Goldfield
35 cts.
Gold Creek..
October 3.
7.60
Oct. 7. 7,06 536
12.08) 1/8.5784.
92,14
19.981 1/65/64 42.20
390
3921
45] O.R.
18.150 Kröner
99.40
99.40
23.2 Francs
15.01
15 Dit
193.93 Marks
2281- 1/53/18, 1024
997
1/51
-103
36 15/16 387
37.1/39 37.1/322
37 Nom.
37 Nom.
4.94
4.78
4.743
4.095
18.159 Kroner
19.90
19.90
194.21 France 164.25 Kroteri 28.934. per Gold Milreis
78
791/32
101
1044
18.139 Kronor 34.59) Schillings 94.38d. per Yen
410.R. 1/3/5/18 19.40 991
28 Nom.
1/23/18
1/23/18
183
Silver (forward)
TRA
18.7/16 18.9/76..
|
Var Lona
21%
34
$18/
31.15
16.80
Big Wadge...
8611po Mining.......
Itogons .... KALBOS
Langkats (single) Explorations,....
Shanghai Loans
112:30 Raabe ..........
Tronoh Mines
Docks, Wharvos,
Godowns, etc.
H.K. & K. Wharves,
Provident (old),
Do.
(new) ***
H.K. & W. Docks
8. Chiba Motors' A'
Do
"B"
$147 Shanghai Docks S
New Engineeringas.
Lands, Hotels, and
Buildings
H.K. Hotele
$8
$348
Hongkes
Me
*111111
90 ota $43
153 otv.
95/-
$18 $4.18
$12,70
17/6
Buenos Aires Copenhagen Geneva Helsingfors Hongkong Lisbon Madrid
On Friday, as reported in our columns on Saturday, the directors of Rolls-Royce, Ltd., manufactures of motor-cars and of aircraft en- gines, announced an interim divi- ended dend for the six months June 30 last at the rate of 5 per cent per annum." On: Saturday, however, they announced that the dividend should have been stated as "5 per cent for the six months.” The dividend, which is payable on October 16, will thus be 5 per cent | Milan actual, and not 23 per cent actual. Montevideo For each of the last six accounting Montreal periods the company has distribut-New York ed dividends at the rate of 8 per Oslo..... cent per annum and bonuses at the Paris... rate of 2 per cent per annum, but Prague ..... there has not previously been an Rio de Janeiro Interim distribution. The fact that the interim is to be one half and not one quarter of the total distri- bution made for 1932 suggests the possibility of an increased return for the current year to holders of the stock, of which £787.188 is is- sued. Last year's profit was £150,- 979. against, £144.197 for the pre- vious year and £147.171. for the year before that, and the amount
'the' carried forward to
current -£85,040 exceedd by some £2300 the amount absorbed by the year's dividend and bonus.
TOBACCOS BOOMING
Tobaccos have been forced into the speculative limelight by the suggestion that the fierce gift-cou-) pon.competition is to be abandon-
TIN
$51
Venezuels fold Fids. 15
44
$126 $137
$127
$127.
$3.00
$1.35
$1.40
$16
$17
$34
35
3147
38
.ed.
$8,65
16.90
$77 $981
B.K Lands..........
$79
$13
Shanghai Lands...8.
$14
Metropolitan Larides
37.65
H.K. Realties..
17+0
$154
Chias Doù adı
$137
Do. Debentures..
Humphreys
3131
New Asis Hotel
$149
Asia Realtion "A” 8.
$20
Do.
191
Chinese Estates......
Octton Mills
$7.00
$12.85
$22
$22.60
$14.50 Ewo
$108 S'hat Cottons...... 8141 Zooug Sings.....
Wing On Textiles(S.) $20
Public Utiliting Tramways
$194 Pork Trams (old) .......
Star Ferries
Yaumsti Ferriss
Chins Lights (old)... $11}
Do. (LEW)...
: !
Do,
(new)...
$72
$98
$25
$11.26
$12
$11.40
$784
H.K. Electrics
$23
Macao do. ******
$104
$351
135
$111
China Buses ................ SiĮ
$3.60
***
Sandakan Lights ...
Telephones....... 354
Tractions
Flo. (pref.).
Industrial
Malabon Sugara
Caldbeck, "Yard.) 8.
$19 Masgregors (prof.)8.
Canton Icon
Cements (comb.)...
Do
Do. (DAW)...
MiscellaneousK
$31
(old)..
Ch. Etainments...... 310-
Do.
(new)90 cts.
Lane Crawford.......13.60 Mackintoshs
$76.60
This would mean the saving of several millions to the advantage
The cheapening. of shareholders.
of the dollar has doubtless reduced the sterling cost of raw tobacco. which is also an important consid-
eration.
Full of enthusiasm, the market eounts on "Impa" reaching at least £6, "Bats' £6, 5., Carreras £10. and Gallahers advancing an other
7
Shanghai
Stockholm Vienna........ Yokohama Silver (spot)
110 Escudos 23.221 Posetas
02.48 Lire.
30.884. per Peso 4.967 Dollars 4.967 Dollars
Closing Quotations
UN LONDON -
Telegraphic Transfer... Bank Bills, on demand Bank Bills, 4 months'
sight.
13
4} OJR.
1/31 18.40%
PRESIDENT inerS
Fastest ime Hong Kong to San Francisco. Speed with Comfort,
To SAN FRANCISCO 19 Days via Shanghat, Kobe, Yokohama, Honolulu
TO VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailings
Pres Jackson
Out 13, Midnig
Fortnightly sailings « Pres. Coolidge.....Oct. 10, Midnight Pres. McKinley ...Oct. 24, Midnight free, Jefferson Oct. 27, Midnig Free Foover......Nov 7, Midnight Pres. Grant...Nov. 10, Midnig Fros. Taft ....Nov. 21, Midnight Pres. Cleveland Nov. 24, Midnight Pres. Coolidge Dec 5, Midnight Fres, Jackson Deo. 8, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA,
Direct Special through rates to Europe Tin United States. connection with all Atlanto“ linen. Choice of rail lines across United States and Canada, liberal top-over priviléges for
Sight-seeing. Full particulare upon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straits Colombo, Bombay, Snez Canal, Alexandria, Naples Genos: Marseilles.
F New York and Boston.
Prea. Harrison .....Oct. 14,8 m. Pres, Hayes ......Oct. 28, s.13, Pres. Johnson ......Nov. 11, Sam
Prsa, Monroe............Nov. 25, 8 am. Pres. Van Buren ...Dec. 9, 8am. Proa. Garfield ...... Dec. 23, 8am.
TO MANILA.
Pres, Harrison Oct. 14, 8 a.m.
Pren. Hoover ......Oct. 31, 6 pm. Pros, Grant
Nov. 4, 6pm. Pres. Johnson ...Nov. 11, 8 m.
Next Sailing Pres. MoKinley..... Oct. 17, 6 p.m. Pres. Jefferson ......Oct. 21,6 3,20. Pres. Hayes .Oct. 28,8 m.
Connecting with 8.8. MAYON T. CEBU, ILOILO, ZAMBOANGA
STEAMSHIP LINES
DOLLAR
AMERICAN
MAIL LINE
PRIDER BUILDING-YONG KONG, --
October 7, 1×33.
ON SHANGBA1 : -----
On Demand
10)
ON KO:-
On demand
118
ON MANILA 2000-
On demand
Credits,"
months'
ON SINGAPOR
sight
1/32
On demand
60
ON
NEW YORK:-
ON BATAVIA :-
Bank Bills, or demand 332 nom Credits, 60 days' sight.. nom
On "dardand
638
ON SAIGON:--
On demand
On BangkoX : ---
On demand
137
SOVERSIGNS, Bank Buying
Telegraphic Transter... Bauk, on demand. ....................
eat
Rate
શબ
BAR SILVER, per o
18
Ox PARIN
Bank Bills, on demand 510 "Credits, 4 months), sight 190 Or INDIA
of mention this for what it is New U. S. Monetary Policy
I
$1440 worth,
+108
$77
$22.60
a16
$74
1092
$23
J
$11 40
***
200
$15
often
remembering how House prophets have been over-op- timistic.
PRICE OF SILVER
The General Committee of the Federation of Master Cotton Spin-
silver.
Is Needed
To Head Off Inflation Demands.
hesitancy of the administration in Some observers were attributing the issuing a monetary statement to the possibility that the. N. B. A. is not producting results fast enough.
Hill opinion that Roosevelt may soon deal with the money question in a manner that will check the congres- sional drive.
The signs of a congressional inflation storm are dying in the Bouth and West. Administration leaders in con- gress are convined the President will have the question settled before Con gress meats of the storm breaks,
ners at their "monthly meeting in Washington, Oct. 3.-Early develop Manchester yesterday confirmed ment and application of definite the action of their Silver Commit-administration money policy to syn tee in calling upon the Government chronize with plans to increase mass to adopt every means in its power purchasing power was predicted in to give effect to the agreement ar- well informed congressional circles
today rived at between several nations for. the marketing of silver stocks, with a view to increasing the price of
The direction of Roosevelt's though A resolution which had been ad-
appears to be best represented by a If President Franklin D. Roosevelt question which he has naked repeated- opted by the Silver Committee a few weeks ago was approved by the cannot get his N. KA programine.ly in recent weeks of White House General Committee. In this resol-geared to the proper speed otherwise, visitors appealing for relief for farmers ution the Silver Committee expres-some believe it will not be long before and others. In effect, the question is: sed its gratification, "that the ques- he begins heeding the loud demands 15 eta. tion of silver has been dealt with at from certain quarters of Congress for
$72
the World Economic Conference, inflation. and that it has been found possible for certain interested countries to arrive at an agreement with regard to the marketing of niver stocks.
59
$3.85
sal
+1+
+291
$9
$33
56
$3.80
*34 Mots
Ropes
$2.1
Dairy Farra ... ar
Der A Wingsons
$10
Amuserpentaxat
510)
23 10
Constractions, (old)
50 oli.
$3.00
$21
$13
$2.10
N. O. Enterprises
$11
United Thestras... 8.
78
B. Int. G. Bonds...
77.
31. prem.
E. Port Loans.....] $108)
Wallace Harper .................
$170
H.X Wing Ou
$175 8145
S'hai Do
Nanyang Tobacco...
Binceres
Wstsning
Wm. Powella
M. Greyhounds....
1
**
4.20
At the same time, the committee profoundly regrets that his Majes ty's Government is not directly a party to the agreement. Such be- ing the case, it strongly urges the $13.65 British Government to adopt every 38 means in its power to give effect to the agreement referred to, and to take such action as may be deemed feasible, in concert with other Powers, in order, to ensure the ste lisation of the price of sil- ver at a reasonably increased fig- ure. In view of the beneficial eff-
12
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 Agenta
John H. Ferguson & Co.
32, B. C. Shameen.
Tel. 18624
Intimations of the administration's next move to revive business cause as representatives of the congressional inilation bloc manoeuvered to compel President Roosevelt to create new money during the next session. of Congress.
Political observers were convinced Congress would vote overwhelmingly for compulsory inflation next January if prices and purchasing power then were in the same relative position as
Dow.
"How can we get money to the masses so that they will have in crossed purchasing power?”
Replies have covered the entire range of monetary expedients
Informed senators are convinced the President has conceded the necessity for action before long. They predicted a synchronized programme involving the dollar, accelerated public works expenditures and speedy realization of the benefits sought from a co- dification of business and industry under the National Recovery Ad- ministration. --
However, nothing official has arisen Enactment of compulsory inflation to modify the insistent" deniala at the was avoided last session only by an White House and at the treasury that administration compromise whereby challenge recurrent reports
that Roosevelt accepted the Thomas amend Roosevelt will utilize the Thomas in- ment to the fram bill, authorizing, but † flaction amendment powers which not compelling, creation of new include revaluation of the gold dollar
and printing of treasury pores.
ects which such a policy would un-money. Rognevelt had not utilized doubtedly confer upon the cotton those powers,
Reports and denish of imminent industry, the committee confidently
currenecy inflation do not alter Capitol relies upon his Majesty's Govern- ment giving careful consideration to the views expressed herein, and of according every encouragement in the direction suggested." BRITISH FIM INDUSTRY
their disposal, and their predomin- ant theatre-owning positon in the United Kingdom afforded a guar- anteed outlet for these products. In addition, foreign business. was ́ ra- The speech of Mr. Mark Ostrez pidly increasing. In these circum the chairman. at yesterday's meet stances, and provided there was no trig of the Gaumont-British Picture industrial setback, Mr. Ostrer was Corporation was largely devoted to of opinion that the corporation an analysis of the accounts in the had great potentialities, and that Ught of the consolidation scheme so far as the current year was con- embracing the company and its cerned, the profits would again principal subsidiaries, He referred prove satisfactory. As regards for also to the outlook for the com-eign business, he mentioned that pany, about which he was distinct some of the company's productions ly hopeful. Mr. Ostrer pointed out were now being distributed in Am- that the exceptionally fine summer erica in conjunction with the Fox was not favourable to the com-Film Corporation, He also made pany's business, It had still to pro- the interesting statement that the, vide for the additional tax on en- corporation employed more than tertainments. and the spending 14,000 persons in addition to num power, of its public was still limit-erous musicians, music-hall artists, ed. On the other hand, the com- and film artists. The theatres. pany had effected a very large say cafes &c., owned and controlled. ing in annual fixed charges, They by the corporation throughout this had products of a highstandard at country and in Scotland number
~ (Continued on next column) more than 300,
BANK-NOTES AND SPECIE
Local Banks Statement For September
The returns of the average' amount of bank notes in circula- tion and of specie in reserve in Hong Kong, during the month ended September 30, as certißed by the managers of the respective Banks were:
Specie Banks. Average. in
Amount Reserve.
5,
Chartered Bank of India Australia
8,200,000
& China. 14,825,400 H.K. and
Shanghai Banking Corpn.129,789,251 123,000,000 Mercantile
Bank of India Ltd 1:648,854 1,350,000
Total: 145,043,505 132,650,000
"CARTON ARANÜB:-4, SHAKER ROAD.
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED I JONG KONG.).
Tel. 28380-Gloucester Builduig, Room 206.
{KKUTER'S AMERICAN SERVICE]
New York: October 8.
Dow Jones Averages:
30 Industrials
High-1932 Low: Octy bị
108.97
20 Bail
66.53
41.92 98.05 13.23 42.11
20 Utilities
37.73
40 Bonds
69.07
Oct, 6.
97.54 L1 down 41.69 26.65 86.08 1.0% up
Change
.52 down
.ba down
18.53 36.18 93.78 84.00
Asia Landa, Limited, has received the following report trons their New York correspondents, E. A. Pierce & Co. There was another decisively negative short bession, which showed passive outside interest. Trading remains largely professional, with relatively thin markets on both sides. The list acts as though awaiting news, and we feel that news of develop ments in the near future is more likely to be favourable than otherwise. One thing appears to stand out and that is that so-called direct.currency infation is shelved for the present,
Wheat; Wholesale liquidation in all grains. Support was largely short covering, although mills bought futures.. Beceipts were light. Active hedging sales and Fre-bursa liquidation depressed prices. The Trade bought on the scale-down. The market is in an uncertain, mood.
Silver: Operatora are inclined to await further developments in Washington. Trade news is devoid of fresh features. Prices eased in sympathy, with other markets
Business Done: 1,480,000 shares.
American Smelting.
`Bendix' Aviation
Canadian Pacific
403
Bid 221Bid
1939
Div. $
LAST SALE
HIGH
Low
PER. SE.
Oct., B. Oct. 6.
100%
30%
3.00 Air Reduction
$103
$102.1
142
$24
8.00 Allied Chemical & Dye
136)
1374
97 42
20
4.00 American Can
B2
92)
+47
451
1874
70+
9.00. 'American Tel. &- Tel
941
44.
5.00 American Tobacco "B 1.00 American Waterworks
Anaconda Copper Mining
1304
190
85) 819
23İXA. 224
1511
281
2.00 Auburn
211
18
43
1.60 Borden Company
48.--
234
48
131154
237
201
134 12
103 29
181
J. I Casem
691
07+
0.50 Caterpillar Co.
477
178
2.00 Chase National Bank
491
1.00 Chrysler Motors
682
3.40 Consolidated Gas of NY.
49
23
800 Drugs, Inv........
29.
200 Du Pont de Nemours
632
3.00 Eastman Kodak
801
84
6% Electric Bond & Share on
21.
18
30
1.00 General Foods"
40
(1.00 Genéral Motora
šé
34%
10
LM Gillette Bufety
e
242- 27 48
974
+371
al
Curtiss Wright...
Electric Auto-Lite Co.
Electric Power and Light...
040 General Electric
1.20. Gold Dust ....
0.60 International Harvester
International Tal & Tel. 4.00 Liggett & Myers "B" 1.00 Loew's Inc.
Montgomery, Ward
3.80 National Bisozit
1,00 National City Bank.
1.20 National Dairy Produë 0.00 Otis Elevator
2:00 Pacific Gas & Electric -Packard Motors
0,50 Pennsylvania Railway
Radio Corps,.... Sears Boebuck
1.00 Standard Brands
Standard Gas
1.00 Standard Oil Co. of
20 Jersey
Socony-Venum Corpn.
1:00 Texas Corporation Trans-America
1.00 Union Carbids & Carbon 8.00 Union Pacifio
United Air and Transpor 0.40 United Corporation United Stater Steer Wertinghouse & K
41.
331
20
100 E-288 288288888296-85-87 58 75
No comments yet.
Private notes are available after approval.