1933-11-08 — Page 13

Sharebrokers"

DAILY SHARE QUOTATIONS

Hong Kong Stock

Всуята

Beliere

Exchange

$1,616)

⠀⠀⠀ ⠀ * * *14*

Nominal

TUESDAY.

NOVEMBER 7.

Bankr

H.K. Banks

Do. (London) ... Chartered Banks

Mercantile Bk. "A"

Do.

Association

Bayer Sellers

Do. Pref. 81

Canton Insurance $1.80

$1,830

£130

£151

290)

Ի

$104

Bank of East Asia...

N. C. & 8. Barks

$20

Am. O. Fin.Corp

+++

Ch. Fin. Corp. Ord. S.

IM

$5

Insuranças

www

$325

$2.10

+

Underwriter

3680

Union Insurances .....{

$625

$290

China Fires: *m

H.K. Fires.....................

$6.10

International Assoe. 3.

Shipping

$34)

$18

Douglas *********

3341

Steamboats

$30

Indos (pret.)

135

Da (def.) muros

6/7

Shells

$15

Waterhouta

Mining

20 at

Amtamoks

78 ata

$37

Balatcos

62 ota.

Baguio Gold

Benguet Consolidated

Do. Exploration

Do. Goldfield

Big Wedge....

40 st.

$10

LÊN

30 ola

32 ots.

Gold Creek..

Ipo Mining,

Itogons......

Langksts (single)B. Explorations.8

Shanghai Loans 8,

Raubaszti

!!!!! ⠀⠀ *

**

********

Sains

HONG KONG DAILY PRESS, WEDNESDAY, NOVEMBER 8, 1933.

MONEY AND MARKETS

(Special Air-Mail Service)

LONDON EXCHANGE RATES

(BRITISH WIRELESS SERVICE.)

Sterling Parity

1/8 1/32 99.70

Nomina

CHINA'S IMPORTS

$1,820

OF CAPITAL

215)

£15 £181

Britain's Large Share Amsterdam...... 1310 Florins

On

Nov. 4.

7.76

Nov. 6. 7.851

#104

Athens.....

375 Drachmas

560

560

57

"BY E., M. GULLI

Belgrade ............ 276,316 Dinars. Berlin,

998

231.

90.43 Marks

13.13.

1.

Bombay

is. 6d. per Rupee.

1/6

Brussels

36 Belgas

22.47

Bucharest .....

...... 813,588 Loi

630

Buenos Aire

47.58d. per Peso

55.44$ 0.R.

18.159 Kroner

99.394

16.171

193.99 Marka

2981

1/54

110 Escudos 23.224 Pesetae

1031

37.7/16

37.27/32

92.46 Lire

30.7/16

13.294

50.88d. "per Peso

+362

381 Nom

4.967 Dollars

1.853

4.89

4.867 Dollars

4.343

4,80

18,904

19.80

30 31/32

1061

하

$3271

1070 3016

$270

TH

$17

$30

$35

$16

IL

|80 pts. 341 149 ota.

37 ots.

$5/- $181"

$4.80

$6.95

18/

19

19

#71

30/-

Kailans

$181

$4.60

$6.95

5183

Tronoh Minem

$8

Venezuela Gold Fida se

Docks, WharrBE,

Godowns, sta....

$124

H.K. & Wharvos. :

$123)

$2,75

Providente (old) ....

33

11.35

Do.

(new) **

1.20

$16

$17

$8

น

$148

..$8

$13 $18.45 $12.40

$99

..."B"

$148

H.K. & W. Dook's... S. China Motors A

Do.

Shanghai Docks 9.

New Engineerings. Hongkews.

Lands, Hotels, andị

Bulidinga

H.K. Hotels

H.K Lands.........8.

9350

**uğumu

London, Oct. 17.-Great Britain

has invested approximately £244,- 000,000 in China, mostly in busi- ness undertakings; for long

а time the export of cotton,, plece goods was the most important de- partment of our China trade. This was the case down to the Greas War, and as recently as 1929 the value of cotton piece goods ex- ported to China and Hong Kong. was 30 per cent. of the total value of our exports to that market.

How much of the British capital

invested in business undertakings in China in 1931, approximately £197,961,000, may be said to be there in virtue of Lancashir trade the book upon which this article is based does

not show It does show, one cannot but note in passing, how much is invested in manufacturing industries in Shanghal and elsewhere, approxi mately £35.800,000, some of which has been instrumental in reducing Lancashire's trade. Yet what Lan- manufac- cashire's plece-goods turers and operatives have thus lost has been transferred to those and engaged in the machinery electrical industries so that the United Kingdom as a whole can- not be said to have suffered by the erection in China of British mills.

Japanese Investment

In 1914 British business invest- ments in China, Professor Remer estimates, amounted approximate ly to

(when £82,300,000, which compared with the figure given above) shows, that the post-war years have not as too many peo-

Copenhagen Geneva Helsingfors Hongkang Lisbon Madrid

"

Milan Montevideo Montreal

New York. Oslo Paris Prague

25.29 Francs

...... 18,159 Kroner 184.81 Francs 194.25 Kronen 28.938. per Gold

Rio de Janeiro......

Shanghai Stockholm Vienna...... Yokohama Silver (spot) Silver (forward) War Loan

Milreis

19.180 Kronor

80 1/32

108

16

#g. 1/34

530 44) O.R. 9.40

18.351

9204

1/5

1043

4 O.R.

173-11/16

19.395

34.58 Schillings

981

10.101 25+

24.53d per Yen

1/2.7/18

181

1/2 13/32 19A

1%

18.0/18 100%

183

Closing Quotations

November 7, 1933,

ON LONDON: —

Telegraphic Transfar... Bank Billa, on demand 1/6

Bank Bills, 4 months'

sight

Credits,

months'

sight...................... 1/57)

ON SHANGHAI:--

On Demand ON SINGAPORE:---

On demand

-: FROM NO

O NEW YORK:-

Bank Bills, on demand 341 nom Credits, 60 days' sight.. nom

On BATAVIA 1-—--- ·

On demand

ON PARIN:-

33

Bank Bills, on demand 167) Credits, 4 months' sight 807;

On demand

Ohr S4180,

110

O MANILA-

On demand

ON BANGIOK:

On demand

2171

On demand

Telegraphic Transter

Bank, on demand: ..27848-

ON INDIA:—

ple seem inclined to think) been THE EXCHANGE

years of decline: Japan's invest- ments in 1914, however, were only £45,000,000, whereas in 1931 they $19.10 came to over £235,000,000. Here 181 again, one must note, some of the money, approximately 195,653,000 yen for at par over £19,000,000) is invested in cotton mills, whose curtail Lancashire's capacity to

18+

18

5754

176

HA

Shanghai Landa...S..

$14.

Metropolitan Lands

16.60

H.K. Healties........................

$6.55

$151

Chins Do

3137

Do. Debentures3.

$121

Humphreys

New Asia Hote!

$140

Asia Repities "A"9.

$20

Da.

"B"

$24

Chinese Estates......

Colton Milla

Ewoo

$112

S'hna Cottons...... S.

$124

Zoong Singa

S.

8131

Wing On

Textiles(8.)

STT

$77

Public Utilitieg

$11.20 Tramways ........

$152

Yaumati Ferries... $234

373

Peak Trams (old)...!

Da,

(new)...

Star Ferrien asia]

$24

Chins Lights (old)...

$0.80

Do.

(now)...

74/75

HK, Electrics......

3748

$23

Macso, do.

$104

131

$31

1112

Sandakan Lights ........

Telephones...remens

China Buses

Tractions.

MARKET

MESSRS. ROZA BROS.. REPORT

Sovereigns, Bank Buying

Bate

Biz Silvur, per

691

132 nom

11

8.

H. K. STOCK MARKET

YESTERDAY'S OFFICIAL

* QUOTATIONS Messrs. Roza Bros. have for- trade is all the greater for the

There is still no improvement fact that they are a branch of warded us the following exchange

visible in the state of the market. the industry in Japan. The Nal-market report for yesterday:

The price for Ready Silver drop- which remains quite lifeless. The gai Wata Kaisha, the Japan and Shanghai Spinning and Weaving Ped 1/16 yesterday but the Forward pressure to sell; however, was not $91.40 Company, the Dal Nippon Spin-rate was unchanged, the quota-so pronounced to-day as it has ̈tions being 184 for Ready and 18been for the past week or so. ning Company, and the Toyo Com- pany are all large concerns hav-for Forward. Silver advices report- Consequently, rates are more or

less unchanged. ing mills in both Japan and China. The mills in China employ 30.6 per cent, of the workers engaged In the cotton industry there, and produce. 35 per cent. of China's 55.2 per yarn and thread and cent, of her cloth...

-$15

$7, $89

39 90 $5.00

B.

Da (pref)

Industrials

316

Malabon Sugars ...

SIB

บ

321

Caldbeck, ord.) 8.

***

$19

Macgregor (pred.)8.

36

Canton Tees *****

$21

Cements (comb.)...

D'a

12.45!

(old)... $9.35

Do. (now)...

Bopes

Miscaliansous

Dairy Farma

Amusemente um e

$0.10 Ch. Etainments...... 110,90

& ot

$7.05

328

.......

Der A Wing.........

$10

#8

$9

52:30

10 ct -37%

1281

**-

Shanghai.

ed India and the Continent" 38 bought. America sold: having Subsequently America bought. China Banks also bought. America the rate was substantially higher at 424 for Spot. The market

was strong.

In

New York advices reported the opening rate at 4.91 and the closing i rate at 4.891. The lowest rate done! was 4.85. The market was erratic.

Firm.

Market.

Sterling.

Shanghai, is the centre which has absorbed most of the capital which Great Britain has invested in China. We have invested much more money there than in Hong Kong. 151,000,000 in the former

The market opened with sellers case as against £18,000,000 only at 1/51, Buyers bidding 1/5.7/18||| In the latter." Another fact of Subsequently the buying rate re- which many people probably are

'ceded to 1/5.13/32 leading to busi- unaware is the smallness of the

ness at that rate for second half amount invested in Chinese Gov-November and December. The ernment

(including obligations

market closed with sellers at 1/51 railways) compared with theNovember and 1/5.13/32 December, amount. invested in business unbuyers at 1/32 higher respectively. dertakings controlled by British companies and individuals, £45,-. 000,000 only, as against £197,000,- 000, Yet in spite of this large business investment, which, as 914.10 shown above, is much greater than 384

it was in 1914, the value of our exports to China (including Hong Kong) in 1929 (that is to say, be- fore the present World-wide alump) was little greater than it was in the year preceding the war. the other Japan's exports, on $176 hand, are far larger than they 0148 were then.

19

$2,00

Constructions, (old)

$2.80

170 ots.

Do.

(new) 79 cta.]

$3.90

Lane Crawforda....

$27

Mackintosha

Nanyang Tobacco.......

$4.20

314

-Sincares

Watsons

38.15

Wm. Powells

$10

M. Greyhounds

$1

8. C. Enterprises .......!

32.

United Thestres... 8.

B. Ind. G. Bonds...

JY.

prem.

$170

HE. Gork Loans .......} $195

Wallace Harper 14 2004

HLK Wing On

She Do.

Asia Lands Limited

Gloucester Building Tel. 288807 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 IDaily Press

Canton Agents

John H. Ferguson & Co.

33, B. O. Shameen,

"Big Figure's,

U.S. Dollars."

The market started with sellers at 351, buyers bidding 351. Sub- sequently business was done at 351 for December delivery followed by transactions at 35 for the end of November and 35.11/16 December. 354 was also done for delivery 10th of November. The market closed with sellers at 35.7/18 cash and 358 December, buyers at 35 for near and 35.11/18 December.

Sales, Hongkong Banks, $1830. Ewo Cottons, 8h, 813). Hotels, 884.

Star Ferries, „8991. Electrics, 874)/75. Telephones, 931.

Bayers. Hongkong Banks, $1815. Union Insurances, 8580. Douglases, $341.

Benguet Explorations, 40cts. Ewo Cottons," Sh. 9131. Star Ferries, 2991. Dairy Farms, $28, Constructions (New), 70 cts. Govt. Loans, 31 per cent. Prem.

-Sellers. Underwriters, #2.10.

PRESIDENT inerS

13

Fastest Time Hong Kong to San Francisco.

Speed with

To SAN FRANCISCO 18 Days via Shanghai, Kobe, Yokohama, Honolulu

t

Fortnightly sailinge Fres. Taft .Nov. 91, Midnight Pres. Coolidge...Dec. 2, am. Pros. Ferve......Dec. 19, Midnight Pres. Hoover ...... Dec. 90, .. Pres. Wilson ....Jan. 17, Midnight

Comfort.

To VICTORIA, SEATTLE 17 Days

via Shanghai, Kobe, Yokohama

Fortnightly sailings⠀ Pres. Grant ........Nov. 10, Midnight: Prea, Cleveland ...Nov. 24, Midnight Pren. Jackson Dec. B, Midnight Pres. Jefferson... Dec. 29, Midnight Pres. Grant Jan. 5, Midnigh

ROUND TRIP FARES TO EUROPE & AMERICA.

Special through rates to Europe via United States. connections with all Atlantis lines.

Direct

Choice of rail lines across

United States and Canada, Eiberal atop-over privileges for

Sight-seeing, Pull particulars upon application....../

Fortnightly via Svez to Europe & America

Fortnightly sailings on Saturdays via Manila, Straita, Colombo, Bombay, Suez Canal, Alexandris, Naples. Ganca, Marseilles, Yew York and "Boston.

"Pres. Garfield

Pres, Johnson......Nov. 11, 8.a.m. Pres. Monroe...Nov. 95, 8 am.. Pres. Van Buren...Dec. 9, 8 km.

- Prei. Polk

Pres. Adams

Dec. 23, 8.m. ...Jan. 68m. .....Jan. 20, 8 ..

TO MANILA

Next Salling............ Pres. Johnson Nov. 11, 8 a.m.

Fres. Taft........................Nov. 14, 6 pm. Pres. Cleveland................ Nor, 18, 6, p.m. Fres. Coolidge .Nov. 23, 9 p.m.

Pres. Monroe.........Nov. 2, 8.. Pres. Jackson.......Dec. 8, 8 pm, Pres. Van Buren... Deo. 9, 8.

Connecting with 8.8. MATON To CEBU, ILOILO. ZAMBOANGA

#

STEAMSHIP

DOLLAR AMERICAN

LINES

MAIL LINE

FIDDER BUILDING-HONG KONG,

CANTON, BRANCH 1-5, SWAKKE ROAD,

NEW YORK STOCK EXCHANGE

ASIA LANDS, LTD., QUOTATIONS

(INCORPORATED IN HONG KONG).

Tel. +28380-Gloucester Building, Boom 206.

'(REUTER'S AMERICAN SERVICE.)

New York: November &

Dow Jones Averages: High-1933

30 Industrials

108.97

Low: Nov, 4. Nov. 6.

.41.22 93.09

Change

92.60

,59 down

20

Bsilf

56.53

13.22 38.82

32.27

55. down

20 Utilities. 40 Bonds

37.73

16.03 23.76

23.62

$4 down

89.07

05.78 82,15

81.00

.20 down

Asia Landa, Rimited, has received the following report from their New York correspondents, E. A. Pierce & Co. There was little or nothing in this market. We find some ordinarily competent observers who think the market is going through a slow progress of accumulation and, while we may have some more backing and filling, the next definite break will be on the up-side.

Wheat: Poor foreign demand caused some easiness but buying then broadened. Trude bought on the scale-down.

Silver: Trading features were the talk of remonetisation, new speculative support attracted from this cause and the firmness of foreign markets.

Business Done: 60,000 shares,

402**

$29.

1.40 Chaas National Bank

11.00 Chrysler Motors

3.40 Consolidated Gas of NE

Curtis Wright

2.00 Du Pont de, Nemonra

3.00 Eastman Kodak - Du

Electric Auto-Lite Co.

LAST SALE

Drv. 1932, HIGE Low PER SE

Nov., 4. Nov.,, Be

303.00. Air Reduction

*09 $100

142

422

976

298

6.00 Allied Chemical & Dye 4.00 American Can

1341 132

89

American Smelting..

4-1

45%

1374

8:00 American Tel. & Tel

114

113/

Providents (Old), 824.

941

44

3.00 American Tobacco "B

74

China Lights (Old), 810.

11

1.00 American Waterworks.

191

∙18)

Telephones. 8311.

224

-

Anaconda Copper Mining

141

148

39

284

2.00 AuburÖ

H. K. Ropes, 87.05.

Bendix Aviation

131

21+

18

1.80 Borden Company

72

Canadian Pacific

22 131

JAPAN'S TRADE WITH CHINA

100

162.

"J. I. Case

Des

201

0.50 Caterpillar Co

90%

Bid

47%

17#

Tokyo Sees Signs Of Improvement

781

721

with

351

324

8

14

6% Electric Bond & Share

48

Electria Power and Light.... 0.10 General Electric

BA

197

191

1.60 General Foods

34435

1.00 General Motors

200

10%

1.0

Gillette Balety

ing

1.20 Gold Dust

17

278

The following are the figures of at imports in Shanghai from Aneri

ca Britain and Japan for the current year in thousands at dollar-

46

LO

81

971

371

Bepti Compared

80

#1,00 -National City Bank magas

with Aug.

U.S.A.

$12,910

110

Britain Japan

8,890

100

3,470 + 255.130

Tokyo, Japan's trade

particularly Shanghai, China, which has been hit by the pro- longed boycott movement, now shows signs of a gradual improve- ment. On the other, hand, trade Merchants were quoted at 120 for by America and Britain is declin-

The total amount of foreign near delivery. capital invested in China, is ez- timated by Professor. Remer (after study of other estimates made by responsible bodies) at 3 to 3 mil 110 for cash.

Ten.

Shanghai Dollars. Shanghai dollars were gnoted

US Dollars

liards of gold dollars, or in ster-

Shanghai.. "ling (at the old parity) at £617,-

Bellers were indicated at 1/3, 000,000 to $720,000,000. That im- plies that as an importer of cabl-11/16 for near, buyers at 1/3 tal China" has played a part as

November. big as; if not bigger than, India, and a considerably more import- Early advices indicated sellers at ant part than Japan: How has she 32.1/16 for near. Subsequently, the managed to do, this and at the market eased off to 31.18/18 but same time annually increase her towards closing time sellers were excess of imports over exports? again quoted at 32.1/16 for Novem- There is an idea, Mr. Remer

ber. The market was firm. remarks, that the latter fact is anot

The position is being view- ied here with much interest,

Come Compared

·Jazz

with a

to Sept. year ago USA........ 143,190 390 Britain, 83/110 TA 20 Japan 37,490 4 470 The above; Agures, were" received by a certain Kobe arm from Mr. Yokotake, Commercial" Commis sioner in Shanghai The Japan- ese presa; says that these figures fully illustrate the... oppression which Japanese goods. feel from American and British good. It

a result of the former," "that China's excess of Imports repres sents new borrowings abroad and Accordingly some other explans new investments by foreign busition of her growing excess of im- ness men. Her outpayments in ports must be sought, and it is respect of foreign obligations and provided to a considerable extent business investments, however, at all events, by remittances from have been consistently larger than Chinese overseas, who, to quote her inpayments, net outpayments Mr. Remer, bring into the Chin will be extremely difficult for averaging-44.700,000 Chinese dol- ese economy about as much as the Japanese goods to recover their lars in the period 1902-13 and foreign colony in China with its former footing in the immediate 112,800,000 in the period 1913-30. investments causes to be sent out future,

28

14

18.

0.60 International Harvester

International Tel. & Tel.: 4.00 Liggett & Myers B

1.00 Loew's Inc.

Montgomery Ward

1.80 National Biscuit .................

1.50" National Dairy Products

0.60 Otin Elevator

10 Pacific Gas & Electric A -Packard Motors

66 Pennsylvania Bailway

Radio Corpu Seara Roebuck 1.00 Standard "Brands

Standard Gas Bigndard- Oil Co

Bocony-Vacuum Corpa.

Texas Corporation

ཨ་ནེེ་ཕྲུ་ལྷ་ཨ་E་༤ཚོ་ཆ་ཨ་དྷ་དྷ་ཧྥེ་ཀྰ་ལྷ་ལྷ་ཐྰ་ཆ་དྷ་ཧྥ་ཌཱ་འྀ་རཙ་ནྟ་ཨ་ཙྪ་ཝ་ཛྙྰ་གླ་ལ་ ཨུ་ཧ་ན་ཏན་འབྱིན་པར་