1933-10-12 — Page 13

Daily Press 孖剌西報 All

DAILY SHARE Hong Kong Stock Exchange

QUOTATIONS Sharebrokers' Association

HONG KONG DAILY PRESS, THURSDAY, OCTOBER 12, 1933.

MONEY AND MARKETS

Bayern Ballara

3325 $335

$6724 $580

$576

Mercantile Bks. “A”

Do.

On

The market was in a holiday | Amsterdam mood throughout the morning, Athens. session, except that the demand Belgrade...... for Telephones continued unabat- Berlin $3271 ed, there being probable buyers' at

Bombay Brussels

(BRITISH WIRELESS SERVICE)

Sterling Parity

12.10 Florins" 378 Drachmac 276,316 Dinars 20.43 Marks

Is. 6d. per Rupee

Oct. 0, 7.66

Oct.. 10.

7.36)

3371

560

297

12.07

1/8 5/32

295

12.071

1/6 3/54 22,191

WEDNESDAY.

Kales

Konn

Mayer

Beliare

Baler #amin»!

OCTOBER 11.

Bankı

H.K. STOCK MARKET

LONDON EXCHANGE RATES

$1,815

H.K. Banks

k

$1,815

r311

Do. (London) ...

2164

Chartered Banks ....

223

195

YESTERDAY'S OFFICIAL

£12

310

Bank of East Asia... $104

QUOTATIONS

N. 0. & 8. Barks

$7

$20

Am. O. Fin. Corp

**

1

Ch Fin. Corp. Ord. *.

36

Do. Prof. S

D

Insurances

I7-

32.10

Canton Insurance $1.00

Underwriters

$35.

565

Union Insurances ........

Sales.

$590

China Fires

$990

$270

Union Insurances $575.

H.K. Fires...

194

164

į

International Assoo. 3.

Ewo Cottons sh. $14.40/14.45. Hong Kong Lands $78.

Creneva

Shipping

Telephones $35.00.

11334

$31

Douglases

Dairy Farms $29.

$18

Steamboats

Buyers.

-* ་***

Indos (pref.).

$30

136

: Do (def.)

$34

13/71 $16

Shells......

Waterboata

Mining

Balatoos

Baguio Gold.

#17

150 at

Do Exploration

***

Big Wedge.....!

30 cta.

98.40

10

$137

ZIR $30

105. Amtamoks

$37

30 sta

37 ots.

.te

Bengast Consolidated

Do.

Goldfield ...

Gold Creek.

Ipo Mining.

Itogons

Kailane

Langkats (single) 8.

Explorations......5,

3.

$184

8:15

$8.85

Shangbai Loans d.

112.3

Reaba........

Tronoh Mines

+1+

$1.35

116)

18

147

$8

13+8

11.03

*709

$15

90 sta.

$47

Hong Kong Banks $1,815.

Canton Insurances $325.

Union Insurances (572). Douglases $34.

Bid Wedge 30. cts. Venz. Goldfields 85.40. Ewo Cottons Sh. #14.45. Hotels $8.85.

Hong Kong Lands $78.

Humphreys #12.85.

Realties $71.

40 ot.

Hong Kong Trams #2230.

Star Ferries 800.

***

**P!

13,20

Venezuela Gold Fida. 183

Docks; WhareSE,

Godowns,... eta,

B.K. & K. Wherry.

Providents (old) ...

Do. (new)

HK. &W, Docks

S. China Motors' A*

Do.

Shanghai Docks S.

New Engineeringas.

Hongkawnscarenad

Landa, Hotels, and

Buildings

H.K. Hotels

H.K. Landa.........

Shanghai Loods...S.

Metropolitan Landą..

$8.85′′

378

$781 378

TER

$14

$7

H.K. Realties.

$156

Chins Do...............

$137

Do. DebenturesS.

$12.55

Ruiaphreys

..

New Asia Hotel

$140

Aria Realtion "A”S.

Do,

Chinese Estates......

314.45

3.+2

14.40/145

9108

ex div. 813

·Cotton Mille

Ewon

Shar Cottons......5.

Zoonz Sinsta......S.

Wing On Textilen(5.)

Public Utilities

Tramways

Peak Trains (old)...

*******

**

China Lights (Old) 11.80,

China Lights (New)

35/

Electrics $764.

$183

Telephones #351.

14,15

$12.70

20/8

11.40.

Constructions (Old), $3.

Constructions (New) 85 cts.

Government Loans 3 per cent.

Premium

Sellers.

Canton Insurances 8335,

Union Insurances $580.

$137

Wharves $127.

$34

Hong Kong Lands $78.

$1.40

Dairy Farms $294.

917

$51

$147

$8

*6,90

+70

$7.0

$13

$14.40

$108

Bucharest Buenos Aires Copenhagen

Helsingfors Hongkong

Lisbon

Madrid

Milan Montevideo Montreal

38 Bolgas 813,588 Lei 47.58d. per Peso 18.139 Kroner 23.921-Franes 193.23 Marks

T10 Escudos 3. Pesetay 92:48 Lire

22.16§. 3221

LOK

45 O.R.

45 OR

22.40

99,40

13.94

13.93

2261

2201

Holiday

Holiday

1027

102)

36.15/16

37

38.15/16

68.15/16

30.88d. per Peso

37 Nom.

37

New York Oslo

4.867 Dollars 4.867 Dollars 18.159 Kroner 194.21 Franca 164. Kronen 26.90d. per Gold:

4.78

4.791

· 4.891

4.59

19.00

19,90

78 31/39 101

78 31/32 1031

O.R.

$30.B

1/3 7/16

18.130 Kronor

19.39.

19.39

23

싶었을

34.56c per Yen.

1/2 3/16

18

18 5/18

19 0/16

18

4

Paris..... Prague

| Rio de Janeiro

Shanghai..

Stockholm

Vienna

Yokohama

Silver (spot)

Silver (forward)

War Loan

ON LONDON -

· Milreis

34.59 Schillings

Pl%

Closing Quotations

October 11, 134,„.

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

sight

Credits, 4 months'

sight

THE EXCHANGE ON NEW YORK:—

MARKET

MESSRS. ROZA BROS.. REPORT

Messrs. Roza Bros. have forward- ed 118 the following exchange market report for yesterday:→→

ņ

ON SHANGHAL:-

Holiday

1/23/16

101 7/18

On Demand ON KOBE:

1<

On demand

118

ON MANILA:-

On demand

651-

ON SINGAPORE:-

.--1/52.

On demand

5"

ON BATAVIA:-

On demand

OS. SALGON:-

On demand ..................

55

ON BANGKOK :-

On demand

133

SOVEREIGNS, Bank Buying

Rate

«

BAR SILVEL, per D

TAL 18 5/16

Bank Bills, on demand 32) nom Credits, 60 days' sight.. nom ON PARIS:-

Fank Bills, on demand sho Credits, 4 months' sight 590

Os Indu-

Telegraphie Trazзtor...? Bank, on demand.......!

Silves prices dropped altogether MR.

over the holidays to the extent of 3/16 for Ready and 1/4 for For- ward, the quotations being 18.5/18 and 18 respectively. Silver ad- vices reported the Continent as having sold. America was inclined to buy at the close. In America business was reported at 38 for $92.66 Spot. The market was reported as

being easy.

$14

$77

zi

New York/London cross-rate was quoted at 4.89. The market was

$80

$22:30

$157

+16

$73

Do.

(new)...

$71-

199

Star Ferries

3901

$22

Yaumati Ferries ...

$23

dull

$11.20

China Lights

$112

$11.40) $76

Do

311 40 $76.60

Easy.

$23

$31

$35.00

133 60

$112

27

#22 1994

121

$t

16

$3.80

156 ota

$72

A

+

:::

316

19 $3.85

Do.

4

(new)... 10 cta.

#72

1291

39

3

101-

316

$134

$2.10

1

H.K. Electrics.....

Macao do.

Sandakan Lights...

Telephones...

China Buses B Tractions

Do. (prof.)!!

Industrials

Malabon Bugars Caldbeck, orr. F. Musgregora/(pref.),

Canton Ice

Cements (comb.)...

Do. (old)... 83.70-

Ropes odosṛem

Miscellaneous

Dairy Farmai

Der & Wings.

Amuserpente ....... Ch. E'tainmenta......

Constructions, (old)

Do.

(now) 90. cta.

Lane Crawford.....$3.60

Mackintoshs.....................

Nanyang Tobacco.... Sinceres

Vutypas

Wm. Powells

M. Greyhounds.

$10

$101

cta.

$3.90

$21

prem

184

310

243

44.20

$13.85

38%

$12

--

A

C. Enterprises

L

United Theatres......,8.

78*/

B. Ind. 0.9 Bonde....

H.K. Goyt, Loan... $13

15

Wallace Harper.......

$170

#170

H.K Wing On ..... -S'bad

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. 18624.

Market,

Sterling.

NORMAN ON CURRENCY. POLICY

"I Am Not Wholly Responsible"

(Special Air-Mall Service)

London, Sept 28. Business was done during ine Mr. Montagu Norman, Governor course of the morning at 1/5 for of the Bank of England at yester- cash and also November. The market closed at launch time with

day's half-yearly general Court of sellers at 1/5.3/32 October. 1/51

Governors, asked to be allowed to dissociate himself from any sug- November and 1/5.5/32 December,

SILVER AND THE US.

Recovery Plan

More interest is again being tak- en in silver as a result of reviving hopes of support under the Amer- ican" Recovery Plan. Since the be- ginning of the present month the price has come up from 18d. to in America and the East showing 814d. per ounce, speculator both

more activity. The recent report that Senator Pittman proposes to raise the price of the metal to 1.19 dollars per ounce has naturally

'buyers at 1/32 higher respectively. / gestion that he was responsible for acted as a stimulus to buyers.,

U.S. Dollars.

the future currency policy.

Business was done at 331 for thanks moved by Mr. E. T. Har- He was replying to a vote of cash and November." At the close graves, member of the Court, there were sellers at 331 October, who, after paying tribute

to the 331 November and 33.9/16 Decem ber, buyers probably at 33.5/16 way in which Mr. Norman had

33.7/16 cash,

November and 33-11/16 December..

"

Yen.

Merchants could have obtained 120 for near delivery

Shanghai Dollars, Shanghai Dollars were quated at 111.5/18 for cash.

Shanghai

Quiet. Sellers were indicated at 1/35/16 for near and 1/31 Novem- ber, buyers at 1/18 higher.

U.S. WHEAT EXPORT SUBSIDY

maintained the fine traditions of the bank, observed:

"We are perfectly satisfied that there will be no hasty legislation. dealing with currency or with any questions like that so long as you are with us."

h

Mr. Norman, in his reply, said his colleagues. himself, and the staff had had a great deal to do, perhaps too much.

"There is a great deal, more to be done though much has been done in the past," he went on. "I like your compliments, but I do not wish to take upon myself more than I can reasonably hope. to bear."

At this point Mr. Norman paus- ed, smiled, and then continued: "

"I hope, therefore, that I may

Nothing definite is known of the means whereby this rise is to be accomplished beyond that he sug- gests that United States mints should be compelled to accept sil- ver at that price for minting into silver coins. If such a measure were adopted silver in America would be three times its present price, and equal to about 48. 6d. per. dunce on this side.

2

What such a price would mean to the East, where silver constitutes considerable part of private wealth and is also largely used as a medium of exchange can be imagined, but the difficulties of artificially maintaining the price at that gure are also obvious. In the absence of international co- operation. silver prices would not be raised to the same extent in other countries and the metal would consequently gravitate to America. Production would be stimulated and when the artificial

Agreement Signed by dissociate myself from the associa support was withdrawn the last

Mr. Wallace

than the first

:

tion with the currency for the fu- | state of the market would be worse ture with which you have connect ed me. I shall do my best, but I am not wholly responsible for some of these questions, which lie elsewhere."**

:

Washington, Oct. 10. MR. Wallace, Secretary of Agri-

culture, as, signed the Wheat.

Quick Changes 11. U.S.- Marketing agreement, subsidising Mr. Norman remarked that there the export of about 35,000,000 bushels of surplus wheat from the North-West States.

The export of the "cereal win start almost immediately-Reus ter..

THE SHANGHAI MARKETS

Raising of Government's Ban On Export Foodstuffs Likely

Shanghai, October 7. Deplorable conditions are recorded in the Shanghai flour market, houders of four having incurred serious losse It is reported that the Government in an endeavour to alleviate matters. may lift the embargo on exports of foodstuffs, which might lead to part of the whoat still in public godowns, be ing re exported.

two

Silver is largely a by-product of such metals as tin, lead and zino, the output of all of which is ́severely restricted at present, When production of these metals expends silver production will also increase and it is nighly improbable that America will be willing to accept the bulk of the world's silver out- put at a price treble that obtain- able elsewhere,

was not much to be said about present conditions in the world. and proceeded, "So far as America is concerned it is two weeks since I was there, and in those weeks a new situation almost a The market is not building hopes new country has grown up. Soon the possibility of any of the continuous and so great are the many measures suggested in recent changes that no one, who is not years for the support of silver be- on the spot is up to date.

coming practical propositions. Mr. Norman announced that the While it believes that a freer use profits for the half-year ended of silver for coinage purposes is Aug. 31 last, after making provi- feasible it looks rather to a revival alen for all contingencies, was of trade, especially in the Far E855,914 78 24.. making the East, as the most hopeful factor amount of the Rest at that date for the fature of the metal. €3,076.997 78, 3d., and, after the dividend on interest and profit of i 28 per cent., less income-tax, had ).

met, the Rest. been

would be 3,022,112 s. 3d. The Court pro- posed that a half-yearly dividend (Costinued on neat column);

on interest and profits be made on Oct. 8 next of 6 per cent, less Income-tax.

This was agree

PRESIDENT

13

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

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

To VICTORIA, SEATTLE 17-Days

via Shanghai, Kobe, Yokohama

Fortnightly sailing Pros. McKinley ...Oct. 24, Midnight Prs, Hoover Nov. 7, Midnight Pres Taft.......Nov. 91, Midnight Pres. Coolidge Dec. 5 Midnight Pros. Pierco......Dec. 19, Midnight Pres. Jackson

Fortnightly sailings 'Pres. Jackson L... Oct. 18, Midnight Pres. Jefferson...Ost., £7, bidnigh Fros. Grant.Nov. 10, Midnight Pres. Cleveland ...Nov. 24, Midnight Dec. 8, Midnight

ROUND TRIP FARES TO EUROPE & "AMERICA, Special through rates to Europe via United States. Direct connections with all Atlantzo lines. Choice of rail lines across United State and Canada, liber stop-over privileges for Sight-seeing. Full particulars upon application.

Fortnightly via Suez to Europe & America

Fortnightly sailings on Saturdaya via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Genos, Marseilles, New York and Boston.

Pro. Harrison....Oct. 14,8 a.201, * Fres, Hayes. Oct. 28, 8 a.m. - Pres. Johnson...... Nov. 11,8 a

Pres. Monroe........Nov. 25, 8.. tres. Van Buren...Dec. 9, 8'x.m. Fros. Garfield Dec. 23, 8 sın.

TO MANILA Next Sailing ....... Pres, Pros. McKinley......Oct. 17, 6 p.m. Pres, Jefferson.....Oct. 91, 6 pm, Pres. Hayes ..... Oct. 28, & a.m.

Harrison Oct. 14, 8 a.m.

Pres. Hoover. Pres. Grant

Ps. Johnson

Oct. 31, 6 p.m.

Nov. p.m.

Nor, 1,8 m.

Connecting with 8.8. MAYON To CEBU, ILOILO, ZAMBOANGA

STEAMSHIP LINES

DOLLAR

AMERICAN

MAIL LINE

FEDDER BUILDING --HONG KONG.

CANTON BRANCH :-~4, SHAKER ROAD.

NEW YORK STOCK EXCHANGE "ASIA LANDS, LTD., QUOTATIONS

(INCORPORATED IN HONG KONG.)

Tel. 28380--Gloucester Building; cloom 306.

[RRUTRE'S AMERICAN-SERVIÉR.]

New York: October 10.

Dow Jones Averages: High-1933

Low: Octy 9. Oct., 10.

Change

30 Industrials

108.27

+

41.92 98.75

08.77

80 down

20 Bail

· 56.53

13.22 43.96

43.67

.41 down

20 -Utilities.

37.73 89.07

1633 26.48

28.78

.30 up

05.78 84.21

84.52

31 ap

40 Bonds

Asia Lands, Limited, has received the following report from their New York correspondenta, E A. Pierce & Co. There was nothing in today's market to give a clue to future action and there is nothing new upon which to base an opinion. Trading remains largely professional.

Wheat: A hervous and erratic market. Many authorities advise to void selling on extreme weak spots. Unless renewed inflation talk or something constructive developa, aivances will be only fair.

Cotton: India was reported to be selling. Trade absorved offerings but demand was insuficient to take up long liquidation.

:..

Bilver: Opened easy. Truding was light. There was some scattered over-night selling. The decline brought out local support, based on the steadiness of Starling.

وه

Canadian Pacific

J.

0.50: Caterpillar Co.,

1.00 Chrysler Motors.

3.40 Consolidated Gas of N.T

Curtiss Wright

Electric Auto-Lite Co.

0% Electric Bond & Share

Electric Fower and Light,

"HIGH

105 1423

Business Done: 1,140,000 shares.

1932

Div. 8 LOW PER SH.

Oct,

LAST. SALE

Oct. 10.

30%

2.00 Air Reduction

usin

$1051

42

8.00 Allied Chemical & Dye

81043

142

140xd:

971

4.00 American Can

42

51

American Smelting.........

054

-444

1372

70+

8.00 American Tel & Tel.................

J

171

1191

44

3.00 American Tobacco

841

86

11

1.00. American Waterworks.............

227

-

22

Absconde Copper Mining

231

16

284

2.00 Auburn

1514

44

Bendix Aviation

482

21+

18

1.60 Borden Company

151 16

431

71

20%

Case .....

131

103

70%

29

48

||

31

201

472

2.00 Chase National Bapk.

5

497

31

434

43

t

42

2

83

3.00 Drugs, Inas „....

784

2.00 Du Pont de Nemours

881 89

78

351

-3.00 Eastman Kodak

16

32

18

5

48

16

0,40 General Electric,

201

20+

201

k

1.60 General Foods

-30%

38

401

30%

30

7@

1.00 General Motors:

34)

Gillette Safety

131 13

241

1.20 Gold Dust ........

201xd 201

48 214

International Tel & Tel. 4.00 Ligzett & Myers 51.00. Eows Ite

.13

134

B

971

Montgomery Ward.

211

401

401

244 Bid Bid:

Tot

14t

302 303

421

954

311

Standard Gas

418

1.00 Standard Oil Co.

Terany

15

.284

51

132

et

80%

$0.00 International Harvester

2.50 National Biscuit..... 11.00 National City Bank 1:20 National Dairy Products £0.00 Oris Elevator ................

3.00 Pacifle Gas & Electrio

Packard Motors

0.50 Pennsylvania Railway

Radio Corpn. Sears Roebuck

1.00 Standard Brands.

Socony-Vacuum, Co 1.00 Texas, Corporation Trans-America

184 ** 1.00 - Union Carbide &

8m Union Panitia

United Air and

United Corpo United States

བྷཻ་བྷ་ཀྰ་ཚུ་ཚོ་ཀྰ་ཨྰཿ་ཀྰ་སྨ་ཆུ་ཆུ་རྰ་བྷོ་སྐ་ཅུ་ཨོཾee"ཨོཾ889u3ཀྐོདྷབྷིངྒལདྨེཨྰཿཛྰཙཱ་ཝཙགྒཨྰ་ 9ཊི་ནེེ་ཙ་ཕོ་གྷཎྜ་ར་བྷ་བླ་

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