1933-10-14 — Page 13

134

!!!!!!

Shipping

Douglaves

Belleri

Buyer

Balenomina]

LONDON FINANCE

LONDON EXCHANGE RATES

On" Amsterdam Loudon, September 26. After three years of declining Athens........ and Crosfield Belgrade..... $397 profits, Harrisons

Berlin are able to announce a moderate

Bombay but welcome recovery in earnings for the 12 months ended June 30. Brussel

Bucharest Net profits, after providing for bad and doubtful debts, deprecia. Buenos Aires tion, and income-tax, amount to Copenhagen £214,339, compared with £182,032 | Geneva

directors are Helsingfors

for 1931-39 The

(BRITISH WIRELESS SERVICE)

Sterling Parity

12.10 Florins

Slove

13.02

HONG KONG DAILY PRESS, SATURDAY, OCTOBER 14, 1933.

MONEY AND MARKETS

$1,815

1,880/11,8231

£139

2154

£201

£19

DAILY SHARE QUOTATIONS

Hong Kong Stock - Exchange

Bayers Beller Sales Kominai

Sharebrokers'

FRIDAY. OCTOBER 13:

Banks

H.K. Sankauquei

Do. (London)

Chartered Banka .......

Mercantile Bks. “A”

Do.

Association

$1,815

NOTES

Leist

£12)

HARRISONS AND CROS.

$106

Bank of East Asin.....| $109

N. C. & S. Banks

$20

Am. O. Fin. Corp

H

Ch. Fia, Corp. Ord. B.

gim

$7

FIELD'S ACCOUNTS

Do Pref. 8

Insurances

$325

$2.10

Canton Insurances..

10796

Underwriters......

$

1585

Union InsuraDGES ...

+000

#990

Chins Fires

$390 3270

HI.K. Fires...

16

¡International Assoe, S.

***

22.40.

16.09

Face**

1/31/16

1024

37.3/32

39

Oct. 11. 7.70

Oct. 19. 7.69)

........... 375 Drachinac

8373

8573

276,918 Dinars 20.43 Marks 18 d. per Rupee 36. Belgas 813,568 Lei

925

#13

47.58d. per Peso

1/8 3/61 22.30 5321 43 O.R.

1/8 1/16

84.374

45 Ó.R."

19.159 Kroner 95.22 Francs

$2.40

16.03

193.23 Marks

+26).

1/3

110 Escudos

100

25.22 Fesetas

37 5733

92.46 Lire

391

.............

50.88d. fier Peso .... 4.867 Dollars.

4,967 Dollars 18.159 Kroner 14.21-Franca

37 Nom.

37 Nom.

4.787

1.77}

4.854

4.66)

10.90

19.00

164. Kronen ...... 28.90d. per Gold

79.9/39 201

79 1/32"

1042

Milreis

FO.E.

1/3 3/16

410.R 1/34

18.159 Kronor (3468) Schillings 94.56d. per Yea

19.39

19.40

28

28

1/2 3/18

contrary, the

Silver (spot).

directors are able to

state

that

Silver (forward) War Loan

18 13/16 18#

1/23/16 18 3/16

18 7/16.

71%

101 7/16

October 13, 1995,

ON SHANGHAI ~~~

On Demand

104

ON Kost':-

On demand

1171..

ON MANILA:-

Op demand OF SINGAPOR:-

"Boi nom

53Y

133 Do

1/54 18 5/16

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,

via Shanghai, Kobe. Yokohama, Honolulu

Yokohama

Fortnightly sailing

Fortnightly sailings

Pre, Jefferson.Oct. 27, Midnight Pres. Grant .........Nov. 10, Midnight Pros. Cleveland...Nov. 24, Midnight Pres. Jackson

Pres. McKinley ...Oct. 24, Midnight Free Hoover Nor. Midnight Pres Taft Nov. 31, Midnight. Pres. Coolidge Dec. 5, Midnight

Dec. 8, Midnight Pros Pierce........Doc. 19, Midnight Pres Jefferson... Dec. 12, Midnight.

ROUND TRIP FARES TO EUROPE &

AMERICA.

Special through rates to Europe via United States. Direct connections with all Atlantic „éles, Uhoice of rail lines across 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, straits Colombo, Bombay, Suez Canal, Alexandria, Naples, Genos, Marseilles,

New York, and Braton. ** Pres. Harrison......Oct. 14, 8 am Pres, Monroe...

Nov, 25, 8 a.m. Free Hayes Oct. 28, 8 a.m. Prea. Van Buren... Dec. 9, 8 a.m. Pres. Johnson ...... Nov. 11)8 a.m. Prez,Garbold Dec. 93, 8 a.m.

V

TO MANILA

Next Sailing .........Pres. McKinley Oct.

Pres, Jefferson...Oct. 11, 6 p.m.

Pres. Hayesi. Oct. 28. 8 am. “ Pres. Hoover ...Oct. 31, 8 p.m.

Pres. Grant

Pres. Johnson Pros, Taft

17, 6 p...

Nov. 4, 6 p.m.

Nov. 11, 8a.co.

Nor. 14, 6pm.

Connecting with 88. MAXON To CEBU, ILOILO, ZAMBOANGA

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

-FEDDBE BUILDING—HONG KONG,

CANTON BRANCH:—4, SHAKER ROAD,

NEW YORK

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

Tel. 28280 Gloucester Building, Room 308.

40 cts.

19

***

80 sts.

32

$34

$19

Steamboats

$18

$30

Indos (pret.)

$30

$35

Do. (det.)

543

$15

Shell Gra<

$35 86/

316

Waterbosta

Mining

gu eta

$37

Balateos

#7

Benguet Consolidated

150 eta

Do. Exploration

190 ots. 347 [45 cts.

130 ota,

***

Big Wedge.....

47 at..

Gold Creek.

Amtamoks

Baguio Gold

Do. Goldfield ...

Ipo Mining.

Explorations.......

ド

17

"30-

$18!

Langkata (single) 8.

$4.15

$6.85

Shanghai Loans S.

12:40

18. 050

Raube

$8

Tronch Mines .............- 18/-

Venezuela Gold Fids. $5,20

Docks, WharrĒR,

Godowns, sta.

Providente (old). ...!

Hongkowe.

for

25/

$18

34.15

181

$12.70

$126

E.E. & K. Wharves.

$3.20

$1.36

Do.

(new) ...

$130 $34 $1.40

8184

H.K. & W, Docks...

917

18

& China Motors' Â'

Do.

354

"B"

$5

$147 Shanghai Docks S.

New Engineeringst.

$147 $6.

1348

Lands, Hotels, 'and,

Buildings

H.K. Hotels...

$78

B.Kands.......8.

16.80 +79

$33

Shanghai Landa... 9.

$14

Metropolitan Lands...

H.E. Healties.......

$7.80

China Do.......

3137

Da. DebenturesS.;

$12.00

$12.90

Humphreys

$13

New Asia Hotel

1551

$140

Asin Realtice "A”S.

$20

Do.

"B" 8.)

**

Chinese Estates......

Cotton Milla

Evos

$14.45

$108

S'hai Cottoņa................ S.

$13

Zoong Sinks

$20

Wing On, Textiles(8.)

#108 8144 $77

Public Utilities

Tramways

$21.30

Foak Trame (old)...

$71

-Do. (new)...

196

Star Ferries.........

$22

Yaumati Ferries

415 $71

$23

$11.78

$11.85

Do.

(new)...

$77

H.K. Electrica

377

$23

1204

$301

China Buses................ §.Į

97

Tractionspie

15j.

$15

392

11.30

$35

nu omiaalije imunitami

China Lights (old),..{ #1}}

Macso do

Sandakan Light .......

Telephones.....

Do. (pret)..

Industrials

Malaboo Sugarı ...

321 Caldback, ard.) 8.

$19

Macgregore ((praf.)8.)

Canton Ices........ Camente (comb.)-.-

Do

36

3.70

83 ota,

$281

31

$10

Do.

Ropes

r

$11.40

315

35..

2396

(old)

$33

・(now)...)

$71

$201

19

150 ots

47E

310)

13

Miscellaneona

Dairy Farms sale Der A Wingsca Amusemente

AVIAJA

Ch. E'tainments....

Constructions, (old)

Do. (new) 90 ots

Mackintoshsomma

10 cts.

$13

381

$3.90

Lane Crawfords...... 33.60

Nanyang Tobacco...

3131

Binceras saceruu

$81

WATSONE

12.10

Wm. Powells

$10

M. Greyhounds.

#14

8. C. Enterpris

$1

United Theatres... 8.

B. Ind. G. Bonds...

„14 K. Gori, Loans .......] #103}|

38

Wallace Harper........

$170

A.K Wing Co

0175

S'hai

Do

78

#146

Asia Lands Limited

Gloucester Building Tel 28880 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 Agri

John H. Ferguson & Co.

32, B. O. Shameen.

Tel. 18624.

thus able to raise the final divi. Hongkong dend on the Deferred "Ordinary Lisbon stock and the Management shares Madrid from 2 to 7 per cent., and as Milan the interim payment was 21 per i Montevideo cent. in both years, the total dis-, Montreal tribution for the year is 10 per New York

A bal- Oslo cert,, against 5 per cent. ance of £129,351 is carried for- Paris'...... ward, against £108,978. Moreover, Prague there is no necessity on this occa- Rio de Janeiro sion" to repeat the transfer of £150,000 that was

made a year from general reserve to Stockholm ago

investments Vienna....... special reserve for Owing to the depreciation in their Yokohama value. On the

insurance

on

i

Shanghai

Closing Quotations

LONDON: — Telegraphic Transfer... Bank Bills, on demand 1/43 "Bank Billa, 4 months'

sight..... Credits,

sight....

4 months'

Ox New YORK:-

1/58

Bant Bills, on demand 334 nom Credits 60 days' sight, nom Ox PARIB

ON

Bank Billa," on demand 582 Credits, 4 months" sight 193

INDIA

the investments in tea, rubber. companies and other produce have recovered appreciably, and that the market value

June 30 was well in excess of the figure at which they appear in the balance-sheet after deducting the Ch special reserve. Besides its hold- ings in such companies," the com- pany carries on the business of general Eastern import and export merchants; secretaries and mans- ging agents of rubber; tes, tin. and other properties; shipping. and banking agents, eta, The financial position is strong. Shares in and advances to subsidiary companies amount to £484,542; investments in asso- ciated companies to £164,194; and investments in tea, rubber, and ot- her produce companies ta £371,831, against which there is a special reserve for depreciation, of £350,000. A substafitial propor- tion of these assets must be liquid, but even if they be wholly exclu- ded, there are floating assets to the amount of £1,259,000, Current. "liabilities, on the other hand, are only £466,000, including provision for contingencies. During the year the holding of cash and British and Dominion Govern- ment securities was reduced from £691,387 to £550,475. The stock- holders will be gratifled to learn that this reduction is mainly due to the employment of a larger atim iz temporary advances to subsidiary trading companies.

B.I.P. MERGER SCHEME

London, September 26. Like its rival company, Gau- mont, British, British Internation al Pictures, Ltd., and its subai- diary, Associated British Cinemas, have experienced somewhat lean

of times. Production pictures continued to be prontable, but the exhibition, owing to higher taxa- tion and lower spending power | of the public has earned consi- earned derabip less. The BIP.

· £100,018 against £112,513, and is again paying 5 per cent, on its 55. Ordinary shares The Associated company earned £258,240 against £373,310, and is paying neither any Ordinary dividend. nor the Preference dividend for the ball year to September 30 this year: The subsidiary company has loans and mortgages, the service which required £174,431, the parent

company has none.

of while

Proposals are now" put forward for merging the interests of the parent company and its big-sub- sidiary. BIP is to increase its capital and purchase for shares the capital of the Associated com- pany, a large part of which it already owna. Holders of 6s. Associated Ordinary shares will receive an equal number of "68. BIP shares, while holders of Associated. 7 per cent, Cumula tive Preference shares will receive an equal number of 8 per cent. First Preference shares in BIP. plug 6d, per share,

PREFERENCE PROBLEM

There appears to be no objec- tion to the exchange from the point of view of the Associated "shareholders. But when the posi

tion of the BLP shareholders is considered the matter is not quite so 'clear.

Telegraphic Transter..... Bank, on demand

H.K. STOCK MARKET

Weekly Report

Not for months past was the volume of trading on such a small scale as it was in the past week It is some consolation, however, that in spite of this slackness rates have Been well maintained. In- deed, Investment securities still offerings of this class are few and s ready market, but

command

far between."

In the lower-priced. Issues there was no definite movement, business therein having been mainly pro fessional

Closing tone steady but very

quiet.

Business Done During the Week,

Hong Kong Banks 81,820, $1,822). Bank of East Asia $105. Canton Insurances $330. Union Insurances $575. Wharves $127, $126) Hotels, 86.80. Lands $18

Humphreys 812.90. Realties $7.65.

Tramways $22.80. Star Ferries' $100. Electrics" $77.

Telephones 3351 $35.60. Cements (Combined) #3.80. Dairy Farmfis, 8291. *Construction (Old) #3.10.

Raubs $125 $12.40. Antamoks $1,03, $1.05, #1: Ewo Cottons Sh. $14.40; 8h

#1445, 8h 81440, - ** Changes (3.15 p.m.) Closing

•

Quotationa

Buyers

Hotels $6.80."*- Lands $76. Telephones #35). Cements (Combined) #3.80. Baguio Gold 75 eta.

Sellers.

China Providents (Old) $3,70

Sales.

Hotels $8.80. Ewo Cottons 8h. #14.40.

On demand

ON BATAVIA:

On demand

ON SAIGON:-

On demand

ON BANGKOK :-

On demand....... SOVEREIGNE, Bank Buying

Esta

BAR SILVER, per os

THE EXCHANGE MARKET

MESSRS. ROZA BROS... REPORT

Messrs. Roza Bros. have forward- ed us market report for yesterday-

the following exchange

unchanged yesterday but the for- The price for Ready Stiver was ward rate rose 1/16 making the quotations 18.5/16 and-18.7/10 res pectively. 80ver advices reported tinent gold. American speculators China as having bought. The Con-

sold. The market was featureless: The American market was closed yesterday.

Advices from London reported the cross rate at 4.664

Market. Opened arm but later the selling rate receded somewhat. The tone Was steady.

Sterling

1/5.3/18-was on offer after the -opening with business done almost immediately at 1/51 for near. The selling rate then rose to 1/5.9/32 October buyers bidding 1/55/16 near. The market reacted subse- quently and business was again arranged at 1/5 October, To- wards '1' p.m."there were sellers at -75.7/32 October and probably: 1/51 November, buyers at 1/59/32 Oc-. tober, and November."

US Dollars.

Opened with sellers at 334, buy- ers at 33 Business was done at: 33 33.11/18 for near and 33.13/16 November. The market closed at 11 p.m. with sellers at 33.9/16 Octo ber, and probably 33.11/18 Novem- ber, buyers at 33.11/16 for near and 33.13/16 November.

Yen. Merchants were quoted at 120% for near delivery.

Shanghai Dollars. Shanghal Dollars were. quoted as

111 for near delivery.d

Shanghai,

(REUTER'S AMERICAN SERVICE)

New York: October 11.

Dow Jones Averages: High-1932

Low: Oct, 10. Oct., 11.

Change

30 Industriais

108.27

41.22 88,77

-89,85

,08 up

20 Rails

66.63

13.23 42.57

49.59

.05 down

20. Utilities

40 Bonds

37.73 80.07:

16:53 26.78

58.73

'5 down

65.78 84.02

84.18

28 up

Azia Landa, "Limited, has received the following report from their New *York correspondenta, & A. Pierce & Co. The market fluctuated uncertainly and irregularly. Meral stocks were rather beavy. Chemical stocks were firm. Oils showed signs of individual strength. The bond market was again firm.

Wheat: Thore was scattered liquidation early in the day. However, the market showed a rather pronounced rallying tendency as soon as "pressure had cessed.

Cotton: Firmer tope. Trade baying increased slightly and Southern selling was less active, due doubtless to ability to soon obtain the Ten-cant

loans.

: ו

Silver: Long liquidation caused a decline, induced to some extent by the weakness of the Tondon parity and the continued absence of Washing- »ton news concerning the monetary situation.

Busincas Dones 1,030,000 shares.

Canadian Pacific

1932

DIY. 8

LAST SALE

HIGH

Low FIB, SH.

Oct, 10 Oct, 17.

100

302

3.00 Air Reduction

#1045

$104

1421

42+

6.00 Allied Chemical & Dye...

140XD 143)

97

200

4.00 American Can

92

42

&

American Smelting.

421

424

1871

701

9.00 American Tel. &-Tek

1.194

1172

941

44.

5.00 American Tobacco "H"

.80.

43

1.00 American Waterworks

22

Anaconda Copper Mining

1514

26

2.00 Auburn'

401

21+

41

Bendix Aviation.

18.

1.60 Borden. Company

22

201

108

.182.

7. I Case

131

131

one

001

29

48

0.50 Caterpillar Co.

477

17A

2.00 Chase National Bank

HID 234812

49%

1.00 Chrysler Motors

3.40 Consolidated Gas of N.J.

Curtiss Wright

434

33.00 Drugs, Inc.

78

777

2.00 Du Pont de Nemours.

85 801

78

36

3.00 Eastman Kodak

..

Electric Auto-Lite Co.

B. Electric Bond & Share

Electric Power and Light...

16 301

0.40 Genern: Electric

401

104

1.60 General Foods

1.00 General Motors

Steady during the early part of 296 the morning, but subsequently. eased off lightly. Early advices reported sellers at 1/34 November. Subsequent advices indicated buy- ers at 1/3) November sellers at 1/3/7/16 November and probably near

IN THE AFTERNOONAM The market was quiet in the afternoon. The tone being steady. Sterling

In the first place there are the holders of the £250,000 in 8 per cent. Preference shares, now the Then there is the future outlook first charge on profits. They are for the B.LP. Ordinary sharena to be relegated to second place, There are to-day -4,000,000 af In sterling business was done at with £1,000,000 of capital placed them, and this number is to be 1/5 for the last week of October in front of them. These 8 per increased to 8,000,000, while so far finishing with sellers at 1/5.7/32 cant; shares are to-day valued at as revealed, earnings are concern- October, and 1/51 November, buy- 179. Bd. What they will be under ed, the assets scquired add nothers at 1/51 2nd half October and the new conditions it is impossible ing to the profits available for 1/5.8/32 November. to say. Under the terms of the ribution. Unless there is an îasue the holders of these shares very decided change for the better Quiet. The marker closed with will have the right to a voice in the 5 per cent, dividend paid for sellers at 33.9/18 October at 337 the matter, and. no doubt they the past year, would appear to be November, buyers af 18.11/18 Octo will use it w

in Jeopardy.

ber, and 33.13/16 November

US Dollars.

1.6

Gillette Chetys

1.20 Gold Dust

0.60 International Harvester

* →→ International Tel & Tel.

#4.00. Liggett & Myera " B

B 1.00 Low's Ind

Montgomery Ward.

2.80 National Biscuit 100 National City Bank 120 National Dairy Prod 10:30 Otis Elevator.

2.00 Pacific Gas & Electr Packard Motor 0.50 Pennsylvania Railway

Radio Corps, Bears Roebuck 1.00 Standard Brands

Standard Gaa 1.00 Standard Oil Co.

Jersey Socony Va

L00exas Con

28

1:00 Dai

40 Unit

United