ዝ
נני
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
To SAN FRANCISCO 18 Days
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Buyers Ballars
Noptimal
FRIDAY. DECEMBER 8.
Sharebrokers'
Association
· Sellers Duyur
Bal
$1,830.
11
£15
CSF
£13
$98 $7
***
HONG KONG DAILY PRESS, SATURDAY, DECEMBER 9, 1933.
MONEY AND MARKETS
H. K. STOCK
MARKET
41
Weekly Report
fair with Commencing amount of Activity in the first day or two, the week ends on a with prices much quieter note faciled to give way, but Lands, $327) Trams. Ferries and Electrics ap-
pear to be holding their own
$1.85
***
$550 2698
$270
however.
Closing tone "dublish".
BUSINESS DONE DURING
THE WEEK.
LONDON EXCHANGE RATES
Copenhagen
Geneva Helsingfors
Hongkongn Lisbon *****
(BEITIGE WIRELESS SERVICE)
13.10 Florina 375 Drachmae 278,316 Dinars *..... 90:43 Marks éd. per Rupee
30 Belga
585
530
92,40
2267
1/53/16 110
23.51)
333 8.0.
22.40 16.86
50
$101
Do. (London) Chartered Banks
1,820
H.K. Banks
2131
214
ere
£13
$20
Mercantile Eks. "A"
Do.
Bank of East Asia
N, O. & S. Bark.
Am. O. Fin. Corp:
C
Ch. Fin. Corp. Ord. 8.
Do. Prof. 8
Insurancos
Оп Amsterdam Athens
Sterling Parity.
Dec. 8.
Dec.
8.10
8.13
370
Belgrade...
242
940
Canton Insurances.
$335
Underwriters
$1:55
1680
$586
5675
$290
335
אן
Union InsuranoSs ........
$8.30 International Assce. S.
Douglases
Steamboats
Berlia Bombay Brussele Bucharest Buenos Aires.......
13.661
13.69
is.
1/8 1/33
1/8 1/32
9347
..... 813,568 Lei 47.56d. per Peso
550
301 S.0.
China Fires.
H.K. Fires.as
18.159 Kroner 25.22 Francs 193.23 Harks
"16:83
235 17/32
Shipping
3341
Hongkong "Banks, $1830.
110 Escudos
1/5 3/18 110
315
14+
130
Indos (pref.)
430
Union Insurances, $585.
Madrid......
25.221 Pesetas
39 15/16
39 31/39
Milan
92.48 Lira
61 13/16
es
+
135
Do. (def.)
$35
51/3
$15
83 sta,
Shells........
Waterhoata
Mining
Amtamoksi
58/
Hotels, $8.40.
Montevideo gal
50.884. per Peso
Montreal
4.867. Dollars
353 8.0. 5.00$-
357 8.0.
5.04)
Lande, $711.
New York
4.867 Dollars
5.12
5.101
Oslo
18.159 Kroner
19.90
19.90
82 ots
Paris
194.91 Francs · 838/39
$34
Balatcos..
60 ats
Baguio Gold
48 cta.
Electrics, 872).
Prague
Rio de Janeiro
164.23 Kronen 28.90d. per Gold
83.15/39 110
1094
$10
Benguet Consolidate
$39
Milrois
41 8.0.
48.0.
30 ctr
Do. Exploration
(35 ats.
30 6.
Do. Goldfeld
8301. 831
Shanghai
1/3 11/18
30 at
Big Wedge
130 sta.
Cements (Com.). 81
36
Gold Creek..
18:150 Kroper 34.58 Schillings 2466d. par Yen
19.391
30
£39
Ipo Mining.
.1/2 19/32
29/0
$18
$4.45
16,85
Itogons
Kailans
Langkata (single)8. Explorations.... S. Shanghai Loans 9.
Rauba iseen Tronoh Mine8 ****
Antamoks, 83 cts.
יד
188
18 11/18.
951-
$8.85
$131
19/-
353
18 11/16
18 11/16
71%
100
100 8/16
Buyers.
Sellers.
Raubs; 813,40.
$13.40
1/3 11/16 19.39 291
Wharves, 8120, 8119.
Tramways, $214, 821. $21.15.
China Lights (old), $10.15,
$10.05, 89.90.
Telephones, (Cum Right).
Telephones (Rights), $11, 8114.
Raubs, $13.40.
Benguet Explorations, 34 cts.
30 cts..
Ewa Cottons. 8h, $12.80.
CHANGES (3.15 p.m.) CLOSING
QUOTATIONS
Star Ferries. 899.
China Lights (old), $9.85,
Cements (Com), 81.55.
Sales.
Stockholm.
Vienna
Yokohama
Silver (spot)
Silver (forward)
War Loan.
Closing Quotations
December 8,
ON NEW YORK:-
Bank Bilis, on demand ef
Credite, days' sight. noin
. On demand
38
Venezuels Gold Fids.
+41
Docks, Wharvės,
Godown, ste,
ON LONDON:
$117 $119 $2.65
H.K. & K. Wharves. #1174 $119
Providents (old)
$2.80 $9.90
$1.35 #18
Do. (new)
(70 ́ots.
H.K. W. Docks...
#17
B. Chins Motors * A
Da.
$149 Shanghai Docks, S.
Hongkow ... D.
Benguet Explorations. 39 cts.
Telegraphic Transfer... Bank Bille, on demand 1/4 "Bank Bills, 4 months'
sight
ON BATAVIA
564
B
ON PARIS-
Credits, four months'
Bark Bills, or demand 581
34
sight
1:51
Credita, 4 months' night 625
$7
New Engineerings.
$348
Lands, Hotels, and
Buldings
$8.35
H.K. Hotels...
18.20 $8.30 $6
$71
H.K Landa........ $71
331
Shanghai Lands...
$14
Metropolitan Lands
H.E. Ramities...sa
38
$150
Chins Do, S.
$137 Dax DebenturesS.
$13
Humphreys ********
New Asia Hotel
Aria Realties "A"S.
Chinese Estates.
$12.10
161
$348 38
ON SHANGHAI :—
ON SALOON:
On Demand
1101
On demand
581
ON, SINGAPORE:——
ON MANILA 11.
On demand
ON JAPAN --
60
On demand
72
ON BANGKOK:-
On demand
116
On demand
F33 Hom
ON INDIA:-
Telegraphic Transfer...
1/
Bank, on demand
193
BAR SILVER, për oz,
18 11/10
SOVEREIGNS, Bank Buying
Rate
via Shanghai, Kobe, Yokohama, Honolulu
Fortnightly sailings 1. Proa. Pieroe...Dec. 18, Midnight Pres. Hoover .....Dec. 30, 0.
Pres. Wilson Jan. 18, Midnight Free. Coolidge Jan. 27, a.m. Free Lincoln. Feb. 13, Midnight
To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailings Fres, Jackeah... Dos. 8, Midnight Pres. Jefferson..... Dec. 29, Midnight Free, Grant....Jan. 3, Midnight Pres. Cleveland...Jan. 19, Midnight Pres. Jefferson.....Feb. 2, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA,
Direct Special through rates to Europe via United States.
Choise of rail lines across OURAKtions, with all Atlantis Lings. United States and Canada, liberal" stop-over privileges for Bight-seeing. Fall particulars upon application. «
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays vis Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Genoa, Marseilles. Yow York and Beatos
Pres. Van Buren...Dec. 9, 8 a... Prea. Garfield, ... Dec. 23, 8 szt. Pres. Polk Jan. 6, 8 am.
Pres. Adams "Fres. Harrison Pros. Hayes
TO MANILA
Next Salling.
Jan. 20, 9.00.
Feb. 8,8am. Feb. 17,8 m
Pres. Van Buren Dec. 9, 8 a.m.
Pros, Garfeld.....Dec. 23, 8 a.m. Fren. Grant.......Dec. 306 p.m.
Free Pierce......Dec. 19,5 pm. Pres, Jefferson ......Dec. 18, 6 jam. Pres. Hoover ....Dec. 91, 9 pm.
Prez Folk... Jan. 7, 8 à‚m.
Connecting with 8.8. MATON To CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP LINES
AMERICAN
FENDER BUILDING-HONG KONG,“
CANTON BLANCH:—4, KHAKHI ROAD,
LINE
NEW YORK STOCK EXCHANGE ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG),
"Tel. 28380-Gloucester Building, Room 306.
(EBUTER'S AMERICAN · SERVICE.)
Low: Dec., 8.
New York; December 7.
Dow Jones Averages: High-1939
30 Industrials
108.37
*47.82 101,28
20 Rails
·66.53
13.93 40.53*
37.73 89.07
Dec., .7 Change 102.04.76 mp 41.53 1.00 up 93.50
...13 down
At up
Kee
Do.
"B" S.
TH
$17.25
Public Utiliting
Tramway* ****............ru Poak Trams (old)....
Da (new)....
3104
Do. (now)...
H.K. Electrica ...... Масао до ***** Bandakan Light... Telephones U. Rts.
Do.
I. Bul
Do. Rights China Buses .....8.
!!!!
THE EXCHANGE MARKET
MESSRS. RUZA "BROS.
REPORT
Ready Silver was up 1/16 yes. terday, but Forward rate was un. changed, the quotations being 18 Advi- 11/16 for both deliveries. ces received reported America and
bought to China as having small extent. The Continent sold. The market was quiet. In Amer-
market.
B
Was
$119 tea the rate was slightly lower at
34 for Spot. The quiet.
$13
$31
193
$140
120
$97
Dotton Mil
$12,90
Ewoe
$116
S'ha Cottons......
8139
Zoong Sings.**.**
***
$70
Wing On Textiles (S.)
$81.10
$91.76
321
$154
$15 371.
37)
Star Ferries
$99
$100
Yaumati Ferries
123
|
$8.00
Chins Lights (old)...
$9.90
$9.50
$73.
$73
123
*201
3251
$11
$11
3/
Tractions
1bf.
Do (pref.)...
Industrials
$10
Malabon Sugar...
$21
Caldbeck, Yord) 2.
€1.65
(old)...
(LOW)...]
10 čta.
$6
$281
310.10
$21
$10 Macgregor/(prof.)8.
Canton Ice ********* Cements (comb.)....
Do.
Do..
Ropes ***
Miscellaneous –
Dairy Farmakompan
Amusamente .......
$3.20 $11
$9.50
5 ota
182
$281
01
Der A Wings.........................
$10
Ch. E'tainmente,si
#2
Constructions, (old)
coste.
Do.
$4.30
$21
(new)job ots
Lane Crawford.....$4.85
Mackintoshs.********
Nanyang Tobacco...
$13.30 Sinceres
$6.60
$2.10 W Powells
Watsona
$10
M. Greyhounds
$1+
8. C. Enterprises...
12
United Theatres .......8.
81,
B. In G Bonds... 75.
prom,
$140
$8
Wallace Harper .................
TAK
A.K Wing On
Shad Do,
H.K. Gort, Loman..... $1134
New York advices reported the opening rate at 5.10 1/2 and the closing rate at 5.11 1/4. The mary- ket was steady.
་
Steady.
Market.
Sterling.
US. CURRENCY IN RELATION
TO EUROPE
A Review of the Depreciation and
the Future
DANGER TO BE AVOIDED The anxiety in Europe is but nature. It is realised that there are forces seeking to influence the exceedingly President which are dangerous. Currency manipulation controlled and directed at a defin- ite objective is one thing; currency of inflation by means of the printing. Europe knows
(Special Air-Mail Service) London, Nov. 15. Depreciation in the value of the American dollar has startled the world. With the passing of the B There were sellers after the dollar mark, the market for the opening at 1/5 11/32 leading to currency took on a new character. business at 1/5 3/8 for second The spell surrounding that figure 13/32 having been broken, bear" opera- and 1/5 halt December second half January, later. 1/5 tions entered on a new lease 511 3/8 was also arranged for cash speculation, and a small though press is another.
The market closed at lunch time naturally spectacular flight of capi- how disastrous the latter can be, States was and how world wide the repercus- with sellers at 1/5 11/32 Decem-tal from the United ber and 1/5 3/8 January. buyers precipitated. The exchange marion would be wers the President
ket has become extremely sensitive to give way to the specions argu at 1/32 higher respectively.
and, nervous. In some quarters the ments with which he is bombarded.
·U.S. Dollars,
So far, however, the policy he Business was done at 37 1/4-and fear is openly expressed that the
A& later 37 6/18 for near delivery.end eventaully will be currency has at before his countrymen has
proceeded according to plan. The market closed at lunch time chaos.
It is not merely the dollar which with great rebuilding operationa with sellers at 37 1/4 December and 37 1/2 January, buyers at 37 is concerned. There is, it is de- the clearing of the site does not. clared, a lively possibility that the provide a scape of beauty or order. 3/8 near and 37 5/8 January.
the liness. It is essential, however, if uncertainty will spread to Yen. -Merchants were quoted at frane in such degree as to involve the new building is to be success. Dollar deprecia- bear fully achieved. that currency also in p 1/4 for near delivery.
Shanghal Dollars,
110 7/8 Were quoted at cash.
$18
$3,60
413
#140 $140
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,
Conton Agents
John H. Ferguson & Co.
32, B. 0. Shameen.
Steady.
118
Shanghai,
Sellers were indicated
attack. It is possible, of ourse, bion is just one part of the scheme to point to the gold strength of of operations. An adequate price for the Bank of France with a reassur-level and monetary stability are ing gesture, but lose of confidence the objects which it is sought to in these days is not easily allayed attain. This, we believe, is the Where, it is saked, would star President's aim. In it he is finding at 1/3 5/8 for near, buyers prob-ling stand then We have our the support of solid American in- bably at 1/3 11/16 December. Exchange Equalisation Fund, tancia opinion.
As the Survey of the Guaranty There were sellers early in the whether the authorities, would see fit morning in U.S. Dollars at 33 5/8 to apply it under the cirmumstances Trust Co. of New York puts it, for near. Later the selling rate can only remain se problematical prosperity is determined, not only receded to 33 9/18, buyers probas the future generally. There can by the level of prices, but also by ably at 1/16 bigher..
IN THE AFTERNOON The tone was steadier in the
afternoon. ..
Sterling.
In Sterling a small business was done at 1/5 3/8 for near de- livery, finishing with seller at 1/5 3/8 for near and 1/6 13/32 January, buyers at 1/5 13/32 for near and 1/5 7/18 January.
· U.S. Dollars. Business was done at 37. 3/15 for near delivery. The market closed with sellers at 37 5/18 for neer and 37 9/16 January, buyers at 37. 3/8 and probably 37 5/8
for near January:
be
numerou
no doubt that the Exchange the level of business setivity, and Fund would be quite inadequate the view taken that recovery to cope with any general collaps projects cannot lift, America out of of currencies. It would need to be the depression amless confidence is of gigantic proportions to make restored in the monetary medium Fin which business transactions are intervention worth while
conducted. There are ACCORDING TO PLÁN We would, however, remind those reasons for believing that the soon- who express such fears that so far omic situation may be ripe for the situation is one which has been recovery, the Survey declares, but celiberately brought about. It is the upward movement cannot take definitely manipulated, and pre-place with any hope of safety or sumably will, equally definitely, be permanency as long as the political controlled. There may reasonably background contains such funda- unsound "elements as a be doubts regarding the dicacy of metally
the policy adumbrated by the Pre-money unit of indeterminate and sident and his advisors in, produc-shifting value.”: ing the objective, a rise in internal, prices, EAA
It took this country two years Canton Silk Market to reach the stage of recovery of
which we can boast today, two From the Kwangtung Raw Suk years of strenuous work, stringent Testing Bureau, Department of economy, and ensiderable sagrifice.. Reconstruction; Canton:-.
Canton Quotations,
December 6. Extra 0.8. 13/15 H.E. $370N. Small Extra O.8. 13/15 H.K
470N.
FL
STEEL SHOWING IMPROVEMENT
Mr. Chamberlain's claim that ster-
(By United Press). ling is now independent of other
New York, Nov. 28A United eurrencies has much to justify it. It is the result of the working out, Press survey today revealed that steadily and consistently, of the conditions in the steel industry policy adopted by the National are improving, due to the cumitą. the financial lative effect of government pro- Government. and Crack N.9. 14/16 H.X. 375N
authorities working with it. Pré-jects, railroad buying and general Extra Extra 20/22 H.K KOON.sident Roosevelt, is working along business needs, Waste N.S.. Open H.E. #57N
Yokohama Quotations,
November 7. Spot Ten 670, Bourse 6 Months Ten 638.
different lines, and until the policy: The commerce department an- he has adopted and is deliberately notinced that steel exports for pursuing has had its chance panic October amounted to 164,755 tone, mongering is to be strongly depro-representing an increase of 5,958 cateo
tons over September exports.
20 Utilities 40: Bands
16.53 23.63
66.78 81.97 ** 69.39
"Asia Lands, Limited, has received the following report form their New York correspondenta, EA, Pierce & Co. From the technical standpoint, the strength of rail averages must be considered as definitely encouraging and tending to confirm the strength of industrials. No particularly new factors are entering the picture; however, there is more uniform willingness to accept the probability of steady basiness improvement in the earlier months of 1934 as a fact Declarations of special dividends by domestic corporations continue daily. News of announcements of Government financing were favourably received.
Wheat: The firmness of coarse grains was the principal influence.. Receipts keep light. Winnipeg prices are firm in sympathy with Chicage. Cotton: A small and rather constant demand from the Trade and Tomorrow's from Europe proved sufficient to rally prices slightly. estimate is not expected to show much variation from last month's figures of 13,100,000 bales
Silver: Trading was very light, prices fluctuating within a 26-point range December position continues to be very tight and one spread against December continues to narrow. Loans have been increased by
three million dollars,
Business Done: 1,680,000 shares.
LAST SALE
1932 DIY. FLIGH Low PRE SK.
Dea, 4. Dec. 7.
1054 1421
301
3.00 Air Reduction
$102) 8102
8.00 Allied Chemical & Dyeing
1474
.vit
£8g
4.00 American. Can......
08)
American Smelting
43
44
1371
70+
944
44
8.00 American Tobacco "B"
8.00 American Tel. & Tol...
116
117
75.
77
1.00 American Waterworks"
181
181
434
99
Anaconda Copper Mining
14
15.
1512
28$
2.00 Auburn
481
482
Bendix Aviation
..16
10
911
431
18
1.00 Borden Company
91
21
201
Canadian Pacific
13
127
103
181
J. 1. Case
ran
714
721
0.50 Caterpillar. Co.
24
477
170
14) Chase National)
10 Bid
Bid
1.00 Chrysler Motors
Curtiss Wright
BD%
-99
3.00 Eastman Kodak
ter
alj 3.40 Consolidated Gas of NY.
9.00 Du Pont de Nemours p
Electric Auto-Lite Co.
% Electric Bond & Share.....
Blootric Power and Light..
16
0.40 General Electric
10:
1.00 General Foods
401
1.00 General Motors
273
48
211
284
182
67
424
13
102
1. Gillette Balety ............
"1.20 - Gold Dustomers
0.60 International Harvester
International Tel, & Tel. 4.00 Liggett & Myers 100 Loew's Io.
-Montgomery Ward, 2.80 National Biscuit 1.00 National City Bank u 1.90 National Dairy Productā 0.00 Otás Elevator uomin 10 Facita Gae & Electrio -Packard Motors manu 0.86 Pennsylvania Railway Gü
-Radio Corpn.
Sears Boebuck
-100 Standard Brands
Btandard Gos
1.00 - Standard Oil · Co, ́of: New
#Bocony-Vacuum Carpa.
1.00 Tozsa Corporation
Trans-America Ma
1.00 Union Carbide & Carbon 609 Union Pacifie
United Air and
United Corpori United States Bbee Westinghosse E
18 Bid 178Bid
raa
de
A
B
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