1933-12-21 — Page 19

$1.896)

£1313

2147

226)

£12

$101

$90

14

· DAILY SHARE QUOTATIONS Hong Kong Stock Exchange

Buyers

$1,895

Beber

Sales Nominal

! ! ! ! ! ! !!!

| WEDNESDAY.

|DECEMBER 20

Banky

H.K. Banks

Do. (London).... Chartered Banks...

Mercantile Bkx. "A"

Do.

་་

Sharebrokers' Association

HONG KONG DAILY PRESS, THURSDAY, DECEMBER 21, 1933.

MONEY AND MARKETS

Ballers

Bayer

MAJO #mina

***

$1,890

H. K. STOCK MARKET

LONDON EXCHANGE RATES

2154

2181

YESTERDAY'S OFFICIAL

Bank of East Aïî....

3061

N. C. & S. Barka

On Amsterdam

Am. U. Fin. Corp

ສ.

Oh. Fin. Corp. Ord. .

Do... Prof. 8

Insurances

$310

Canton Insurances .......

$300

Underwriters

$685

Union InmireNOGE .......

1.es $480

China Firaa

Athens Belgrade Berlin Bombay Brussels Bucharest Buenos Aires

$525

2026

$200

$285

H.K. Fires...

$986

#el

International Asson, 3,

Shipping

$341

Douglases

$18

Steamboate

$30

Indos (pret.)

$35

Do. (def.)

50/.

Shells

+

$15

Waterbosta

Mining

83 cts. Amtamoks..

134

Balaton...

50 ota. Baguio Gold

$10 Benguet Consolidated

Do. Exploration Do. Goldfield

31 st.

30 ta

35 sts. Eig Wedge

18 Gold Creek...

19 Ipo Mining..

#71

Hong Kong Banks #1,825.

130

Underwriters 813.

$35

80/

Wharves $115.

$16

Hotels $61.

.Macao Elections $23 -.

80 ota.

30.

48 ats.

$35

134 0.

129 obs

Hong Kong Fire Insurances $265. Milan.....

Telephones (Cum. Rights) #29)-

Telephones (Ex Rights) $24)." Telephones (Rights) 810/104"

Buyers.

Hong Kong Banks $1,825. Canton Insurances $310.

Hongkong

Lisbou

Madrid

QUOTATIONS

Indications of a better tone per- vaded the market this morning, and a fair volume of business was put through in Telephones, China Lights and Hotels, the last-named monopolising most attention.

Sales.

(BRITISH WIRELESS SERVICE.)

Sterling Parity

12.10 Florina 375 Drachmad .............. 276,316 Dinars *.................... 90.43 Marks 18. 6d. per Rupee .......... 35 Belgas ... 613,568 Lei .... 47.384. per Peso

Copenhagen.....18.189 Kroner

Geneva Helsingfors

........... 25.924 Francs

13.66

1/6 3/64 23,45

545

350.

240. 13.60).

1/6 3/64.

Nov. 18.

8.11

Dec. 19. S. 24

560

540

23.50.

330,

35% 8.0.

'35 S. O.

$9.40

*16.86

193.23 Markı

9204 1/53/16

".... 110 Escudos

100%

1/5 3/16. 1097

25.22). Pesetas. 82.48 Lire

62 1/16"

62)

Montevideo

50.80d. per Peso

354 8.0.

Montreal

New York Oslo

4.867 Dollam 4.867 Dollars

5.10

35 S. 0. 6.10

5.14

18.150 Kroner

19.90

Parisari Prague ......... Rio de Janeiro......

124.21- Francs 164.25 Kronen. 28.33d. per Gold,

Milreis

831

83 15/32.

110

41 8.0.

Shanghai

Stockholm

Vienna

Yokohama

1/34,

18.189 Kronor 34.89 Schillings

19.39

20

204.

24.58d. par Yen

1/8 15/32

1/3).

... 188.

18%.

18 11/18 -

18. 11/16.

71%

101

101.

99.40.

18,90

2284,

fee

39 15/16.

5.13. 19.90.

13

4 S. O.

1/3 11/18 19.394.

H

£12

Xmas Holiday Cruise

Choice of President Hoover"

Bailing from Hongkong... Dec. $1 arriving Manila

President Garfield **

***...... Deo, 28

sailing from Hongkong... Dec. 23. arriving Manila Xmas morning.. BETURNING BY·

President Boover"

sailing from Manila.. arriving Hongkong .... Ober the New Year Holidays Round trip on as. "President Grant” sailing from Hongkong Dec. 30 arriving: Manila New Year morning sailing from Manila Jan. 8 arriving Hongkong Jan 6

Deo-27

Dec. 29.

Fare includes living on board whilat in Manila..

Special raten for hotel accommodation in Manila if desired.

Closing Quotations

**December 21, 1933. On New YORK:-

$18.

12/6 ans !!

Hong Kong Fire Insurances $260,

25/

(single) B.

Wharves &115.

Silver (spot)

$18

Ewo Cottons 9h. $13.

Silver (forward)

$4.35

loration.......

$4.35

16.65 Shanghai' Loans. J.

$6,85

Hong Kong Lands 870. '--

War Loan

312.80 Hauba.....

Realties $5.60.

$13.40

Tronoh Mines.

*197-

Hong Kong Trams $314.

Venezuela Gold Fida.

$51

Star Ferries $100.

Docks, Wharves,

Godowns, stu,

$115

$115

31

$160

$6

$8

S. China Motors' A

Do

"B"

***

$149

37.

$351

201

101

Shanghai Docks S.

-New Engineerings8. Hongkewe, D- Landa, Hotels, and Buildings

H.K. Hotels

***

¡!

| $6.18

16.20/18)

$304

H.K Janda......... Shanghai Landa...8.

$14

Metropolitan Lands..

$6.60

H.K. Heslties.......

跑

*$158

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

$137

Do. DebenturesS.

12.80

E.K. & K. Wharres.

Proridente (old) ... $5.76

Da (new)...75 ots.

H.K. & W. Docks

$118.

412

$80 ats.

$148

China Lights (Old) $9.70, "

China Lights (New) $9.60.

Macao Electrics $23.

Dairy Farms $28.

Watsons $6.30.

Lane, Crawfords $4.45.

Government Loans 4 per cent...

Premium.

Hotels $61.

Sellers

Electrics $734.

Canton Ices 82}.

THE ELEME

$12

"Hauphrajs

New Axis Hotel...

Asin Realties “A”S. Do.. "B".

Chinese Estate.....

Cotton Mille

9117] Shai Cotton......S.

$12.10

161

1

18

$140

520

397

Ewos

8.) 313)

813

Zoong Sings .............&.]

#70

Wing On Textiles(9.)} $70

Public Utilities

$211

Tramways ..........}, 3914

+9170)

$133

Poak Trama (old) .......

!

Do, (new)...

$30 374

$100

Star Ferries

$241

Taumati Ferries $23:

$0.70

$91/9.70

19.50

De. (now).

HK. Electrics

$9,30 173

Macao do.

123 110

291/30

+21

$101/

$781

:::

China Lights (old).........

Sandakan Lights ....

Telephones C. Rta.

'Do.

X.Ets.

Do. Rights

China Buses***

Tlo. (pre).

Industrials

Tractions

$30

$248 $109

•

167-

$16

Malabon Sugars ....

$21

Caldbeck, orti.) 8.

$19

Maogregore praf.)3.

Canton Icon .......... Cements (comb.)..

$34

Do. (old)... Do.

$2.40 $245

$2.4M $2.45

36

200

Miscellaneous

Dairy Farronniere

$28

Der & Wings....

***

$17

Amusernente

310

Ch. E'tainments......

39

EQ ola,

$445

.121

(DAW)...)

Ropes.........

Constructions, (old)

Do.

__(new) 80 ots

Lane Crawfords..... $4

Mackintoaks

Nanyang Tobacco...

$13.20 Sinceres

Watsons

12.19 W Powells

$8,30

33

M. Greyhounda

8. C. Enterprises...

19

United Theatres ...

prem.

$8

81, B. Ind. G. Bonds... 78'

H.K, Govt, Loans... $51}

Wallace Harper

$140 E.K Wing On

She Do.

$2}

T

U.S. WHEAT FOR

CHINA

Part Of G$10,000,000 Surplus Leaves

an

The attention of the cotton trade is being directed to unuayal degree to conditions and possible developments in the Orient. The extension of a credis by the Recon- struction Finance Corporation by which China may purchase up to 800,000 bales of American eckton, the boycott of Indian cotton by Japan and the consequent possibi lity that Japanese spinners may have to buy 1,200,000 or 1,400.000 bales of American and other growths in place of Indian, and the drive by Japanese to capture cloth trade in the Near East, Africa and South America to take the place of Indian business cut off by the high Indian tariff are only some of the phases of the situation in the Orient which are regarded as being of major significance to the raw cotton industry, in this country:

Credits, 60 days' sight.. nou

On demand

b

ÖN LONDON :--

Bank Bills, on demand 361

Telegraphic Transfer...

Bank Bills, on demand Bank Bills, months'

sight

ON BATAVIA -

75

ON PARIS-

Credits, four, months'

Bank Bills, on demand 6877

sight.

1/8

Credita, 4 months' sight 027)

ON SHANGHAI ; ——

ON SAIGON-

On Demand

*102

On demand

087

ON SINGAPORE:----

ON MANILA —

་་

On demand

. On demand

·777

OK JAPAN:-

ON BANGOR-

On demand

1188

On demand

FQM

ON INDIA:-

SOVEREIGNS, Bank Buying

Telegraphic Transfer....

Rate

Bank, on, demand”..............

BAR SILVER, për oz,

188

DOLLAR STEAMSHIP LINE

AMERICAN MAIL

LINE

NEW YORK STOCK EXCHANGE

ASLA LANDS, LTD., QUOTATIONS

(INCORPORATED IN HONG KONG).

Tal. 28380-Gloucester Building, Room 308.

·(REUTER'S AMERICAN SERVICE)

GERMAN BID

FOR TRADE

Foreign Trade Council Instituted

Berlin, Dec. 20.

A big drive to improve Ger- many's dwindling foreign trade arst meeting was yesterday inaugurated at the

SOCONY-VACUUM

MERGER

Meeting Approves Agreement

New York, December. 14. Stockholders of the Socory- Vacuum Corporation met here to- day and approved the merger of the Far Eastern marketing pro- of the newly in-perties of the Company with the stituted Foreign Trade Council producing and refining facilities attended by the Minister for For- of the Standard Oil Co. of New eign Affairs, Baron von Neurath Jersey in the same area. and Herr Schmitt, the Minister of Economics.

The Council is purely an ad- tions are expected to visory body, but its recommenda- weight of the Government.

carry the

Sih

Herr Schmitt pointed out that! German exports have declined 7.1 per cent. since 1932 while world exports have increased by about one per cent.

Consummation of the agree. ment,according to Mr Herbert L Pratt, chairman of the Board of directors of Socony-Vacuum Cor- poration, will result in increased earnings to both companies.

The merger agreement provides for the formation of the Stand- ard-Vacuum Oil Co. to which will be transferred the respective Far Tastern properties of the two com- The stock of the new Government was pantes. ready to enter into close economic company will be form U. S. 8150- relations with any nation which 000,000 to U. 6. 8200,000,000 and. did not shut themselves out or will be divided equally between the the society of trading nations by two companies. short-sighted protective measures.

The German

The 800,000 bales, of American cotton which the Nanking Govern- $10.10 ment could buy under the $40,000,- 000 R.F.C. credit for. cotton pur- chases at the rate of 10 cents, a pound is more than Chinese mills $3.80 have ever consumed' of the American

One of the, chief tasks of the $13 staple in any full season except in 1931-39, and its consumption of

Council will be the organisaton of German Chambers of Commerce 918,000 bales of American cotton in abroad and the training of a gen- thas season was due chiefly to aeration of young men as foreign shortage of competing growths.

salesmen-Reuter.

442

12

$130 $140

Asia Lands Limited

Gloucester Building Tel. 28880 We offer you a complete brokerage service for the purchase ur sale of New York Securities Daily quotations sent-gratis-upon request. See our investment news on

the Financial Page

The Hongkong Daily Press,

jon Agents

John H. Ferguson & Co.

32, B. O. Shames

POE 13824

SHANGHAI COTTON MANUFACTURING CO.

The

In years when there have been normal crops of "Chinese and Indian cotton, the Chinese milis have used only 260,000 to 380,000 bales of American cotton a year. The Chi- nese crop this year is reported to ho one of the largest on record, and the trade is watching to see how China can consume any large por dealing with the conversion of the provisional resolutions tion of the 800,000 bales of Jacompany's capital from Shanghai cotton without neglecting its own taels into silver guan, an increase of capital to 812,000,000 and com- pany's articles of Association, were: confirmed by shareholders at an ex- traordinary meeting of the Shang- hat Cotton Manufacturing Co., Ltd., held at the head office of the com- pany at 185 Szechuen Road.

Crop.

A complication which enters into the Chinese situation is that Chi- nese spinners normally buy about B50,000 equivalent 500-roond bales of Indian cotton, but about 40 per cent of the Chinese spinning indus try is owned by Japanese, and the The meeting was presided over Japanese-owned mills in China by Mr. H. Togawa, chairman, sup- have joined with the mills in Japan ported by Messrs. K Kuroda, Y. in boycotting Indian botton in Maede, T. Enjolt (directors), and retaliation against the 75 percent E 8. Wilkinson, auditor and T. duty imposed by India on, imparts Hageyama, secretary Shares re-

presented were 74,6422

of non-British cotton cloth. I

Japan and India do to come to The resolutions, four in number,

terms, and the Japanes

Indian cotton

would pres

Canela spingYET!

American cotton" in pi Indian Bat even this additional [demand, "it is pointed out, would

not absorb the fall 800 American- fónní.

Texto

. Proporations of the Socony-Va- cuum Corporation involved in the merger include its marketing and storage facilities in Japan, China," British India, Australia, New Zea- land, Oceania, and South and East Africa.

The Standard Oil Co. of New Jersey will continued the produc ing and refining properties of its aubsidiaries, the Nederlandsche Koloniale Petroleum Maatschappij in Palemsang, Dutch East Indies, Union Atlantic Co., a holding com and the marketing facilities of the pany with marketing subsidiaries in New Zealand and Australia- United Press.

BERLIN STOCK EXCHANGE

tendir

proposed by the chairman and. seconded by Mr. Kuroda, and hav Eng bebr imantmendy paised by the shareholders present. Mr To gawa stated that as soon as the of checkin legal procedure, had been complet= ed, appilcation forms -- for – the abares in new issue would be sent to every shareholder:

›ber 30-1983.

December. 14.

done on

there was cho: way

(dowb

intere

as the stor

bly exceeded the do- Call money stood at 4fper

-Ocean.

New York: December 18,

Dow Jones Averages: Bigb-1933

Low: Dec., 18: Dec, 19.

Change

30 Industrials

108.27

$1.23 97.20

97.26

Ob up

20- Bails

56.53

13.23 40.18

3496

.18 down

20 Utilition

37.73

16.53 23.01

69.07

1:40 Bonds

2. 1271-130 down 05.78 89.94 82,79 16 down

Asia Lands; Limited, has received the following report form their New York correspondente, E. A. Pierce & Co. There was nothing of interest in the market today. It looks as though there was a substantial amount of switching and selling for tax purposes, with outside interest severely restricted.

Wheat: Holiday dullness was pronounced, with prices Auctuating bearish. slowly within narrow limits. The Government report was somewhat.

Cotton: The tone was steady, Sentiment continues friendly despite lack of any important speculative demand.

Silver: Interest was nominal with a small turnover. The only inte resting trading that occurred was the buying of 15 lots for February by one broker.

Business Done: 1,020,000 shares.

1835,

Div. Hiow Low PK. SH.

100 1421 97+ 421

294

44

LAST SALE

Dea, 18. Dec, 18.

301

2.00 Air Beduction

$90

$99

421

8.00 Allied Chemical & Dye...

TX3

1444

4.00 American Can

.042

American Smelting..

41%

413

1874

701

8.00 American Tel. & Tel.

1104

110

041

5.00 American Tobacco B

701

131

11

100 American Waterworks

Anaconda Copper Mining

181

181

13

124

1511

281 2.00 Auburn......... Bendix Aviation

56

639

104

15%

431

18

201

1.60 Borden Company

Canadian Pacific

904

20

124

191

103

18

201

174-Bid 174 Bid

50% 378

684

14

ว

48

16

801

1.60 General Foods'

401

971

.46

gra

J. I. Casemir

0.50 Caterpillar Co...........

Chaos National Bank'

1.00 Chrysler Motors

3.40 - Consolidated Gas of N.Y.

Curtis Wright Y 2.00-Du Pont de Nemours 3.00 Eastman Kodak ........

Electric Auto-Lite Co..... 6% Klectric Bond & Ebare

Electric Power and Light... 0:40, General Electric

1.00 General Motors........

1.6 Gillette Balety

$1.90 Gold Dust

0.60 International Harvester

International Tel & To

4.00 Liggett & Myers "

1.00 Loew's. The. Comita

-

Montgomery Ward

1802 National Biscuit

100 National City Bank

1. National Dairy Produ

0.00 Otin Elevator

170 Padine Gas & Elet

Packard Motors

37P sunsylvanis, Rail)

Radiny Oor

16, Bid'

171 Bid

17 Sale 161

ELTÜL FO