1934-01-06 — Page 13

DAILY SHARE QUOTATIONS Hong Kong Stock

Exchange

Sharebrokers'

Association

Buyers

Millers

falo

Nominal

FRIDAY, JANUARY 5.

Влуче

Bellare

Baine M.miss!

Banks

$1,840 H.K. Banks

$1,830

£132

218

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

216

220

Mercantile Bks. "A"

£25

Do.

"0"

市

3101

Bank of East Asia...

-5071

N. O. & S. BATEI

$7

320

Am. O. Fin. Corp:

30

$310

$1.65

3870

*$5:5

3865

$341

Ch. Fin. Corp. Ord. 9.

Do.

Pref. 8

Insurances

Canton Insurance... $310 Underwriters .........

Union InsursENGOS .......

Chips Fires 10)

H.K. Fires***$965

International Asson, B.

it

20+

$585 $595

444

HONG KONG DAILY PRESS. SATURDAY, JANUARY 6, 1934.

MONEY AND MARKETS

THE EXCHANGE

MARKET

MESSRS, ROZA BRÜS. REPORT

Bliver prices dropped 3/16 yes-

térday for both deliveries, the quotations being 19 for both de liveries Silver advices the Continent as having sold. China Banks bought to a small extent. The tone at the close waE uncertain. America operated both ways. In America the rate rose à to 441 for Spot. The market was strong.

LONDON EXCHANGE RATES

240

240 13.67

1/6 1/16 23.49

928

1/54

1001

(BRITISH WIRELESS SERVICm)

OB Amsterdam

Sterling Parity

Jan. 3.

Jan. 4

reported

Athena Belgrade Berlin Bombay Brumeis Bucharest..... Buenos Aires Copenhagen .............................. Genev Helsingfors Hongkong Ciabon Madrid

19 10 Florin ..... 375 Drachmas 276,316 Dinars 90.43 · Marks is. 6d. par Rupee 36 Belgas .............. 813,568 Lei 47.58d. per Peso 18.189 Kroner 25.29 Francs 193.23 Marka

9:00

8,08

583)

582)

13.62

1/0 1/16

23.37)

5.09

M45

38 $.O.

29.40

36 8.0. 22.40

18.76

16.79

220 1/54

110 Escudos

1091

39 13/32

61 93/32

01 13/16

50.88d. per Peso

35) S.O.

4.867 Dollars

5.14

น

4.967 DollarS

5.143

19.159 Kroner

19.90

19,90

184.21 Franca

82 23/32

82 25/39

164.25 Kronen

109

10917.

4 8.0. Holiday

41 8.0. 1/4

19.391

19.394

29)

29)

24.36d. per Yen

1/2 15/32

1/2 15/39

19/6/18

101

19 5/18

101

18%

1018..

2014

New York advices reported the filan... opening rate at 5.08 and the clos-Montevideo ing rate at 5.151. The market Montreal was erratic. The lowest rate done New York was 5.073,

shipping

Douglases tanger

5347

#1

Steamboats

$143

$30

Indos (pret.) ............

$30

135

Do. (def.)

$35

53/6

Shells

61/-

$16

Waterhoats

$16

Mining

FI

83 eta.

Amtamoka

177 äta.

$34

Balatcon

60 eta

Baguio Gold

45 sts

$38

31 ct.

Do.

Exploration

30 ots.

nonmuur

Benguet Consolidated

Do. Goldfield

38 btw. Big Wedge...... 25 d.

Gold Creek...............................

19

19

Ipo Mining.........

24/6

Kalians.....a

$18

81.35

Itogona.....

Langkats (single) 8.

Exploration......8.

16.65 Shanghai Loans (3.

112.8

Ranbe........

Tronoh Mince

תיי

Hongkert

Lands, Hotels, and

Buildings

H.K Tands. 371

$6.45

136 39.tu

25/-

$17.80

* $6,70

$17.65

LO/. 381

Market.

Steady but dull.

Sterling.

Oslo

Paris

Prague

· 28, 29). Pesetas 92.46 Lire

Rio de Janeiro ...... 26.938. per Gold

Shanghaj Stockholm Vienna Yokohama Silver (not)

Business was done during the course of the morning at 1/5 13/18 for near delivery. The market closed at lunch time with sellers at 1/5 13/16 January and prob- ably 1/5 27/32 February, buyers Silver (forward) at 1/5 27/32 January and 1/51 February.

U.S. Dollars,

Business was done at 381 for

near and 381 second half January.

The market closed at lunch time

War Loan

with sellers at 381 January, buyers | Öz LONDON

at 1/16 higher.

Ten.

Merchants were quoted at 122

Shanghal Dollars.

Milreis

18.159 Kronor 34.59 Schillings

Closing Quotations.

ON NEW Yong-

30 7/18

35@ S.O.

5.134

5.13)

Bank Bills, on demand 371 Credits, 60 days' sight, nom

ON BATAVIA 1-

PRESIDENT Liners

Fastest Time Hong Kong to San Francisco.

Speed with Comfort,

To SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days

vin Shanghai, Kobe,

via Shanghai, Kobe, Yokohama, Honolula

Yokohama Fortnightly.milinge Pres. Cleveland Jan. 19, Midnight Feb. 2, Midnight Pres. Jackson... Pres. Jefferson...Feb. 16, Midnight Pres. Grant Mar. 2, Midnight Pres. McKinley ...Mar."14, Midnight

Fortnightly sailinge Prea. Wilson......Jan. 16, Midnight. Prea. Coolloge... Jan. 26, Midnight Pres. Láncoln Feb 13, Midnight Pres. Hoorer.....Feb. 13, Midnight Pros. Cleveland ...Mar. 13, Midnight

ROUND TRIP FARES TO EUROPE & AMERICA..

Direct Special through rates to Europe via United States. connections with all Atlantic lines. Choice of rail lines across United States and Canada, liberal stop-over privileges for Bight-sing. Full particulars upon application.

| Fortnightly via Svez to Evrope & America

Fortnightly sailings on Saturdays via Manila, Straite. Colombo, Bomba

Suez Canal, Alexandria, Naples, Genos, Marsilles, New York and Boston. Pres. Folk..........Jan. 7,4 mmi, Pres. Adams ............... Jan. 20, 8 &w. Pres. Harrison. Frb.. 3,5 8.12. Proa. Hajes..

... Feb. 17, 8 a.m.

Pres. Johnson..Mar. 3,8 ME. Pres. Monroe.... Mar. 17,8 DL : Fre. Van Buren...Mar. $1,8.

TO MANILA

Next Sailing..

........Pres. Polk Jan. 7, 4 a.m.

Free. Wilson... Jan. 9, 6 p.m. - Pres, Jackson Jan. 27, 6 pm, Pros. Cloreland......Jan. 13, 6 pm.

Pres. Coolidge..... Jan. 19, 9 p.m.

Frea. Adams .....Jan. 20,8 am.

J.

Pres. Harrison Feb. 3, Pros, Lincoln....Feb. 6, 6 p.m.

“Connecting, with 8,8. MAYON To CEBU, ILOILO, ZAMBOANGA

DOLLAR STEAMSHIP LINES

AMERICAN

January 5, 1934

Telegraphic Transfer...

Bank Bills, on damenst Bank Bills, 4 month??

sight

On demand

AB

'+/58

ON PARIS-

Credits, four months'

Bank Bills, on demand 605

aight

1/81

Credits, 4 months' sight. 645

ON SAIGON:-

On Demand

110

Od demand

60%

ON SINGAPORE:—

ON MANILA 1

On demand

821

On demand

ON JAPAN:-

ON BANGKOK:-

On demand

19-1

On demand

127;

NEW

ON INDIA---

SOVEREIGNS, Bank Buying

Rate

163

1/87

BAR SILVE, per os.

191

Were quoted at 110 5/16 fol Or SHANGHAI:-

Shanghai.

Steady. Business was reported

at "1/4 for near delivery, There were sellers at 1/41, buyers at 1/4 3/16 January.

IN THE AFTERNOON.

Sterling.

In Sterling no business was re- ported," Anishing with probable buyers at 1/5 13/16 January and 175 27/32 February, sellers at 1/5 25/32 January

1/5 13/16 February.

and

U.S. Dollars.

36

Venezuela Gold Fide

Docks, WharTOS,

Godowns, sta.

$118

H.K. & K. Wharves, 1118

*$2,85

Provident (old) ....

$21

for near delivery.

Do. (new)...

170 qt.

#16

H.K&W, Docks ....

સ

$6

S. China Motor A

34

18

Do.

34

cash.

$149

Shanghai Docks S.

$147

<!

$7

New Engineeringas.)

$8

$351

36.40

26.40

"H.K. Hotels - -

3713

$30

Shanghai Lande....

$14

Metropolitan Lands...

HK. Kanities.

36.36

$15

Chins Do

*

1137

Da Debentu: esS.

$11.

Humphreys

$19

New Asia Hotel

$50

$1401

Asin Realtion “A”)

$20. 307

Do

Chinese Estates.....

$12.80

Cotton 1003 Evroe

$12.85

#117 $131

$70

$21

$214/55

· 321 40)

Pls

$15

Peak Trains (old)...

37+

$100

Star Ferries

399

124)

$9.90

3731

Macao do.

4104

Sandakan Lights ....

*128

$13

Do. (new)

811)

China Buses.......

31.

Tractions

15).

.Dc. (pref.)...

-- Industrials

SIG

Malabon Sugara

$16

$21

Calübeck, 1[ord.) 9.

S101

Mucgregors (praf.)8.

$21

Canton Iterials

Cements (comb.)...

50 ot

$1178'bai Cottons...S 8134 Zoong Sings S Wing On Textiles(9.)

Public Utilitiam

#70

Tramways

Dis (new)..

***

Yaumati Ferries... $28)

China Lights (old)...

Do. (new)...)

$9.95

$9.70

H.K. Electrics ...... $731

A

Telephones (old),...] $85 $74

Do. (old)...

Do. (unw)...)

Ropes

MiscellaneoRLS

Dairy Farma aran $28,

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

#731 $13.10

$%45

$2.45

*$6,49

15 310.10

$29

取中

S

Der A Wings...

Amusements......

$101

Ch. Etainment......

Constructions, (oldį

Do.

(now) 50 cts

$4.48

Lane Crawfords......

$4.45

Nanyang Tobacco... $31

$13.30 Bincares:

$73

$6.90

$7

10.70

$2.10 Wm. Powells

$.40

***

91%,

prem.

$8

$140

Khad

M. Greyhounds

MU. Enterprises

United Thestres.......8.]

B. Inil. G. Bonds... 78,

FLK, Gurt, Loquas... $105

Wallace Harper......

EK Wing On

དྷ::་

$140

$140

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

Danton Agamia

John H. Ferguson & Co.

32. B. C. Shameen.

Tel. 18824.

The market closed with buyers at 38 January and 381 February. sellers probably at 38 3/16 for near and 38 7/16 February.

H.K. STOCK® MARKET

WEEKLY REPORT

The omens for 1934 would seem to be "set-fair", if the trend of the market in the past week may be accepted as a true index for the coming months.

Since the commencement of business on Tuesday, there has been a steady absorption of the better class of securities, with

to prices slowly responding the demand, but whilst the scale of

business transacted cannot be said to have been heavy, it was, never theless, not quite as thin as in ro- cent weeks.

The rises to be noted are chiefly in Wharves, Hotels, Hongkong Lands, Eongkong Trams, Lights, Electrics and Dairy Farms, and the closing rates all-round are about the best for the week.

BUSINESS DONE DURING

THE WEEK, Hongkong. Banks, $1825, $1827) Union Insurances, $570, $580,

$575.

China Underwriters, $1.05. HK Fire Insurances. 8265. Wharves, 8117, -

Providents (old), 823, -82.70. Hotels, $6.40. Lands, $701.

Realties; $54, 35.85. 23). Tramways, $211. $21). $21.55. China Lights (old), £9,85; 9.00. Electrics, $78. $754. #731. $737. Telephones (old). #28." Telephones (new). 813. Dairy Farms. 8281. Watsons, $7.

CHANGES. (3:15 PM) CLOS-" ING QUOTATIONS. Buyers. Lands. 8713

Bates. Providents (old), $2.70. Hotels, 86.40. Realties, B61.

SHANGHAI SHARES

Supplied By Carroll Bros.

Shang

Skan Shangh

Ewb Cottons Shanghai Cotton Langkats, Shanghai Shanghel Loins,

|

Telegraphic Transfer... 1 Back, on demand

THE WORLD'S BUSINESS

In a country, with "set" habits,, When it is stored, or boarded, it "velocity of circulation is an 'incon- | might just as well be withdrawn spicuous factor, But, what country | from the economic system. The does have "set" ecomonic habits? United States. was a nation of

In spite of Mr. Stanley Baldwin money hoarders when Mr. Roose- who recently gave thanks that Bri- | velt became President. They were tain was not "hysterical,” the losing faith material values save answer is none. Every country is currency. In unlinking the dollar accustomed to alternating business from the gold standard, the Pre- optimism, and business pessimism. ❘ sident disturbed faith in the dollar During the periods of business as a store of value. People began confidence, people spend freely; to feel that perhaps their dollarg that is velocity of circulation in- might soon be losing buying power. creases rapidly. In periods of That is, they seemed to foresee a business depression, people hold rise in commodity prices. Во on to their money, because they there was a flight from money to are uncertain how oing their in- gooda by bargain-hunters. The comes will last. In certain cir-President has gone cumstances they will actually take money entirely out, of circulation and hoard it. The United States probably leads the world in scon- are omic extremes. When times good it is a nation of free spend ers, in depression, a hoarders. For Mr. Baldwin's Lene- fit, one might interject that, in all probability, this is due to the

nation

of

faulty banking system rather than

Whatever the

cause,

ahead with

the work of blasting confidence in the currency. But, unlike the ex- perience last spring, the fight has taken place this time into foreign currencies, as being "safer" not only than the dollar but than American commodities! People are even selling the bonded obliga- tions of their own Government in

order to turn their possessions in-

to foreign money. This is the ex- citation of fear with such a ven- im- |- geance that it has become O

hysteria. however, it is true that velocity of circulation is probably more

portant in the United States as a boomerang. It explains why there factor in the short-run price level hasn't been the same rise in than in any other country.

American prices that was pro- moted last spring on the same in- vítation.

Flight of Confidence. Money is a medium of exchange.'

B.A.T. COMPANY'S ACCOUNTS

Circumstances combine on this occasion to create unusual interest in the results of the leading to- bacco undertakings, SÓ that the forthcoming accounts of the Bri- tish American Tobacco Company are assured of a full measure of attention. Operating mainly out- side the British market and "con- trolling vitrious” concerns NO R gaged, the BAT. Company has been largely free from the, effects of the intensive gift coupon happily settled recently, in this country. It has, on the other hand, had to face the effects over. sesa of the trade depression, with all the tarif changes and restrice tions arising therefrom, and, also a costly price war in America.

BERLIN STOCK MARKET

Bullish Movement Continues

[Special to the "Hong Kong Dally Press" (Copyright.31

Berila, Jan. 5. Reichs mark quotations without guarantee:

New York

37.68 Parts

600; Amsterdam 59.32 Paris. sterling quotation 82.75, dollar 16.19 Transocean Kuo Mim.

Berlin, Jan. 5

The bullish movement continued The last named has now, how on the share market owing to ever, given place to more peace-further inrush of buying orders ful trading, and the market seems and turnover assumed consider conndent that the company will able propertions. Fired Interest again have overcome the other if in securities, was again favoured by. ficulties with no little success, al- the public, Demand for German though recently the depreciation ! Hallways preferred shares being so in the dollar will have operited 1 heavy that stocks had to be taken unfavourably in the bringing home of the board owing to lack of of funds from America. For 1931 offers after price had risen from 06:25 32 the profits of the company 1051 to 107. Electrics and Potashes. 75 amounted to 25438,283 and the were also. among those which pro- 140.50 usual quarterly dividends of 10dited most from the spurt. Call 352.00 tax free. for 21 unit of Ordinary money 41. Ber cent to 57 per cent. stock were supplemented by a final Young loan up. 2 at 851 Reich“ 1,00 payment of 84, tax free, making 20 abank 2 higher at 1884. Balzdet- 15.00 per cent, tax free, for the year. furth Potash advanced 24 to 155. 75 For the period recently concluded German Steeltrust 7/8 better at 39 475 similar quarterly amounts have German Mineral Oil one up at 107. 675 again been paid

Transocean. Kuo-Mini

MAIL LINE

PRODER BUILDING-HONG KONG,

CANTON BRANCH:~4, SHAKER HOLD.

YORK STOCK EXCHANGE ASIA LANDS, LTD. QUOTATIONS

(INCORPORATED IN HONG KONG).

Tel. 23380-Gloucester Building, Room, 308.

New York: January 4,

:

(REUTER'E AMERICAN SERVICE).'

20 Raile

108,27

66.53.

Dow Jonce Averages High-1933/34, Low: Jan, 3. Jan., 4..

30 Industrials

Change

50,16 99,09

98.75

.31 down

25.43 40.54

37.73

89.07 60,44

19.33 21,68 72.31 84.97 41.98 48.67

40.40 22.58 84.75 .84 down 49.8063 dp

.I4 down

10 down

20 Utilities 40 Bonds

Commodity Index. Aria Lands, Limited, has received the following report form their Now York correspondents, E. A. Pierco & Co. The President's Budget messige was the main topic of discussion and indicated large future Government borrowings, which are arpected to total $10,000, 00,000 in the next six months, and indicated a large increase in the National Debt over the next eighteen months. The speech revived talk of inevitable inflation and we think this weke responsible for the strength of the market this afternoon.

Wheat: A thin market. Early in the day the market was wenk in sympathy with securities andì disappointment at the President's touch- Later values.firmed on the Budget ing the money situation vaguely. announcement.

Cotton: Lower cables brought additional opening liquidation. The set-back attracted a good volume of trade buying, prices gradually improv- ing and closing at the highest level since last September.

Silver: Futures were easier at the opening. With the Trade and London buying on the decline the market became more active and the undertone was distinctly firmer in the early afternoon. The Sterling exchange rally helped the covering movement.

Business Done: 1,190,000 share

1935, Div. HIGH Low PE SH."

LAST SALE

Jan, J. Jan

106

201.

2.00 Air Réduction

$BS†

8944

1423

8.00 Allied Chemical & Dye

147

148

971

4.00 American Can

#97

"96)

42

American Smelting.....

431

45

1372

70j

1.00 American Tel & TA-

100

1081

944

44

5,00 American Tobacco

602

681

11

1.00. American Waterworks

17

3

Anscanda Copper Mining

14

148

1514

281

2.00 Auburn

53

212

*

Bendix Aviation

18

1.60 Borden Company

201

201

#

131

13

"18 Bid

43+

20%

-103

178

882

18

301

401

971

い

Canadian Pacific

. —. J. 1. Quas seman

0.50 Caterpillar Co.

14 Chase National Bank

1.00 Chrysler Motors

3.40 Consolidated Gas of NY

Curtis Wright

2.09 Du Pont de Nemours ..........u 3.00 Eastman Kodak ..........................

Electric Auto-Lite Co.

Foctric Bond & Share.

Electric Power and Light. 0.40 General Electric

160 Gamst Foods.

1.00 General Motors

1. Gillette Safety

1.20 Gold Dust...

0.60 International Harvester

International Tel; &e Tel: 4.00. Liggett & Myerr ** B** 1,00 Loe The

Montgomery Ward

4250 Natižnál Bidgit A

00 National City, Bank. 1.20 National Dairy Prod 0:60 Otis Elevator 1170 Pacific Gas & Electriè

Packard Motors

10 Pennsylvania Railway

Radio CorpH, Bear: Roebnek

·03 Standard” Braschr

Standard Qu...

1.00 Standard Oil

JegBoy

-15

284

1:00

87

maa, Corpor