Buyers
Bears
Baler Nominal
WEDNESDAY FEBRUARY 7.
Bellere
Bayar
Banky
311
73 sts.
BS eta.
78/80 lot.
$40
$40
31 8
مولية
193 eta.
Bagulo Gold, 52 cents.
Benguet Explorations, 31 cents.
Docks,-$134...
Providents (Old), $2,65.
Providents (New), 65 cents.
Ewo Cottons, Sh.$13.
Hotels, $8.15.
Humphreys, $12.10.
Electrics, $75).
Macao Electrics, $234.
Vienna
Silva (spot)
DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Sharebrokers'
Association
11,835 H.K. Banks
|$1,900
2137
Do. (London) ***
2157
Chartered Banks ...
£26)
Mercantile Bks. "A"
£191
Do.
$103
Bank of East Asia....
NO. & S. Banks
$20
Am. Q, Fin, Corpi
N
Ch. Fin, Corp. Ord. 4.
16
$317
2567
31.60
·$675
$205
H.K. Fires...
$6.30
Do. Prof. 8
Insurance
Canton InsaTAD COF....
Underwriters
Unian Insurances .......
Chine Firos
International Asso, S.
******
T
Shipping
1351
Douglases..
$1
$30
Indos (prof.) ..
¥31
Steamboats
Do. (def.)
56/101 Shells.......
ان 130
Waterbosta
Mining
Aintamoks
Balatcos
Baguio Gold
Benguet Consolidated
Do. Exploration
Do. Goldfold
25 at Big Wedge......
$7
28
$17
34.60
Gold Creek...
Ipo Mining..
Itogons
Kalans
Langkata (single) 8. Explorations,
16.80 Shanghai Loans 8.
714.10 Raubs
Trench Miner
Venezuels Gold Fide.
Docks, WharrOS,
Godowns, #5.
-HONG KONG DAILY PRESS, THURSDAY, FEBRUARY 8, 1934.-
MONEY AND MARKETS
Ma
H.K. STOCK
Athens....
Belgrade Berlin.... Bombay Brussels
MARKET
YESTERDAY'S OFFICIAL Amsterdain
QUOTATIONS
The market was again quité duli this morning. but closed with very few changes, if any, in rates. A few enquiries were in evidence for China Lights and Telephones.
Antamoks, 78/80 cents. Baguio Gold, 53. cents. China Lights (Old), $9.80/9.65. Dairy Farms, $29.45.
Constructions (New). "52 cents.
Buyers
Canton Insurances, $317.
Bucharest Buenos Aire Copenhagen
Geneva' Helsingfors
Hongkong.
Sterling Parity
18.10 Florins 375 Drachmas
276,918 Dinars
... 20.40 Marks
... la od. per Rupee
36 Belgi 813,688 Lei
Sales
Union Insurances, $5674.
Antamoks, 78 cents.
wote.]
79 4.
51 ots
163 cts.
$36
::
[3]
21
3102
**
5320 311 3575
3525
$975
ཏྟི#ཆེན ཏྠཾ11སྐž ci བྷིདྡྷཏྟཾ བྷྱོཿ བྷིཀྑུཙྪིནྟཱི 1
mmmh mugium iminuijinu
Sal
$127
H.K. & K. Wharves.
3118
Providentz (old)... 32.85
'Do... (new) --- 67juta,
$22.50
H. & W, Docks...
8. China Motom*A'
Do.
"B"
Shanghai Docks S
New Engineerings8.
Hongkast! 22. Lands, Hotels, and
Buildings
H.K. Hotels H.K Lands........... Shanghai Lands... Metropolitan Lands..
.8.
H.S. Halties....... Chign Do 8. Do Debentures. Humphreys ********* New Asia Hotel Asin Resities "S.
Do,
"B" 8.
Colton Mika
$13 7000g Bings
Wing On Textiles(S.)) $70
Public Utiliting
$23.80] *Tramways
$15.90 Posk Trams (old)...
Do..
Taumati Ferrie
China Lights (old)...
Do.
(LOW)...
Do. Rights
H.K. Electrics P******
Telephones (old) :...
China Buses......B.
47.36d. per Peno
18.150 Kroner
25.124 Franc
22.40
LONDON EXCHANGE RATES
(BRITISH WIRELESS SERVIC)
Feb. 7.81
Feb.
7.70
540.8.
535 S.
224
225
13.24
1/6 7/84
22.491
520
13.081 1/8 3/32 22.221 525
36.0.
36 S.Q.
22.40
18.173
15.98
193.23 Marks
226+
2261
1/8 1/16
1/6
Lisbon
110 Escudes
1091
110
Madrid
25.99) Pestan
38 11/16
981
Milan......
92.46 Lire
59 11/16"
581
Montevideo ... so, and. per Pesc
373 8.0.
Montreal
4.867 Dollate
4.97
5.001
New York
4.987. Dollars
4.93
4.962
Odo
18.150 Kronar
19.00
19.90
Paris
Prague
Rio de Janeiro
194.21 -Francs 164.25 Kronen 26.93d. per Gold
79 25/32
78 21/32
1031
1041
17
Milreis
# 1/18
41 8.0.
1/41.
Shanghai
Stockholm sens
18.130 Kronor
19.391
34.68 Schillings
28
Yokohama askari
24.58d. per Yen
1/2 5/16 191
Silver (forward).
-"19 11/16
283 1/2 9/32 19 9/16 101
2% 101 11/16
1018
*
1/4 5/16 19.391
'371 8.0.
On demand
67
sight
ON PARIS-
Credits, four months'
Bank. Bill, on demand sas
Kight
1/88
Credits, monthe sight 625
ON SHANGHAI: --
ON BAIGON:
On "Demand
110
On demand
ON SINGAPORE:-
1ON MANILA-~*
On demand
63)
On demand
ON JAPAN:
ON BANGOR-
On demand
1234
On demand
125
ON INDIA
"SoverKiang, Bank Buying
Telegraphic Transfer... Bank, on demand
·Rate ...
581
BAR SILVER, per of
1/02 19 /IS
GOLD STANDARD
PRESIDENT
inerS
13
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
.
To SAN FRANCISCO 18 Days vis Shanghai, Kobe, Yokohama, Honolula
Fortnightly sailingə
Feb. 13, Midnight Pres. Lincoln Pres. Hoover ...Feb. 24, 10 am. Prez Cleveland...Mar. 13, Midnight Pres Coolidge Mar 24, 10am. Pros. Tali... Apr. 10, Midnight
"
To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailing
Pres. Jefferson.....Feb. 16, Midnight Pres. Grant Mar. 2, Midnight Pres. McKinley ...Mar. 16, Midnight Pres. Jackson Mar. 30, Midnight Pres. Jefferson.................. Apr. 18, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA, Special through rates to Europe via United States. Direct commeations with all Atinnnn lines. Choics of rail linen marous United States and Canada, A. liberal' stop-over privilegeső for
Sightseeing. Fall particulars upon application. /...
| Fortnightly via Suez to Evrope & America
Fortnightly mailings on Saturdays via Hanila, Straits, Colombo, Bombay, Buer Canal, Alexandria, Naples. Genos, Marseilles,
New York and Boston N
Pros. Hayes.....Feb. 17, 8 am, Pres. Johnson Mar. 89132, Pra Monroe. Mar. 17, Sam. Proa. Van Buren.Mar. 81, 8 m,
Fres, Garfield
Pres. Polk Pros Adams. Pres. Harrison
TO MANILA
Next Sailing....
Pres.
Pros, Hoover, A. Feb 15, 9pm. Pros, Hayes Fab. 17, 8. Tab. 14, 0 p.m. Mar. 3,8 m.
Pree Grant
Pres. Johnson
Apr. 14, B.
Apt. 28, 8 a.m. May 19,8amth May 26, 8 sm
Jefferson Feb. 10, 6 p.m.
Prok Oloveland Mar. 6, 6pm Prae, McKinley ...Mar 10, 6 pm. Pres. Coolidge.Mar. 15 9 pm. Pra, Monro
Mar. 17,8
Connecting with 5.3. MAYON TO CEBU, ILOILO, ZAMBOANGA
LINES
DOLLAR STEAMSHIP AMERICAN MAIL LINE
FEUDER BUILDING-HONG KONG..
CANTON BRANCH:—4 RFAKEK ROAD.
$2.85 85 съм $13
18
3147
16,60
$354
18.15
$73
$20
$14
6.61 $ING 3137
$12.10
$140
$20 -507
Chiness Estates....
$119
Sbal Cottona.....S..
$70
374
(rw)...]
$101
Btar Ferries
324
59.50/55
$9
Do (new)...
| $19.10
$76
$76)
$26 $13:05
Macso do.
92
Sandakan Lighte
128
$13
$13
39
Tractions
1B/-
No. (pref.)
Industrials
1142
Malabon Bugare
$15
$21.
Caldbeck, Tord.) 8.
$19 Macgregor (pref.)8.
$21
Canton Ice *********
·Sai
Coments (comb.)....
#31
Do.
(old)...
32.90
$31
Do. (new)...
$2.90
$7.10
Roper
56.90
Miscellaneous
*99*
329:45
Dairy Farms «asemeni
$20
#1
Der A Wing....................
$5
Amusemente ******
Ch. Etainment....... $9.80
32
Constructions, (old)
$1.90
52 ote.
Do
(BBW) 50 cta
$4.30
Lane Crawfords..
$4.10
#13/
17.00 31.10
$21
Mackintosha ********
Nanyang Tobacco....$4
$13.2 Binceres'
an
Dairy Farms, $29.
Govt. Loans, 4 per cent. Frem.
THE EXCHANGE MARKET
MESSRS. ROZA BROS," REPORT
Silver prices dropped 1/16 yes- the terday for both deliveries,
quotations being 19 9/15 for Ready and 191 for Forward. Silver ad- 2.5 having vices reported China
America was sold. India bought.
a buyer at 1/8 over the "quoted rates. The tone was steady. In America the rate was quoted at
The market 444 for Spot.
quiet.
was
་
New York advice reported, the
War Loan
ON LONDON
Closing Quotations
February 7, 1934.
Telegraphic Transfer... Bank Bills, on demand Bank Bills, 4 months'
opening rate at 4.98 and the clos- Earl of Harewood's
ing rate at 4.97 The market was
'dull.
Market
Steady but quiet.
Sterling
during the
-Views
Speaking at the annual meeting
ON NEW YORK:-
Bank Bills, on demand 39
Credits, 60 days, sight. nom
ON BATAVIA AT
BRITISH MUST
ORGANISE Industrialist Points to Japanese Menace
of the York County savings Bank
London, January 27. Business was "doxie
at York yesterday, the Earl of ' course of the morning at 1/51 Harewood said that it was a most, Great Britain has been cupid for near, 2nd half February, 1/8 curious thing that prosperity should in competitive exchange deprecia- 5/32 March. 1/6 3/16 April and be so easily fostered or checked by! tion; she is unable to compete with also 1/6 7/32 April. The market the currency policy of the Govern the low wages and long hours pre- closed with sellers' at 1/6 3/32 ment and the Bank of England. He vailing in Japan and she is not so February, 1/6 5/32 March" 1/6 3/16 April, buyers at 1/6 5/32
efficiently organised in industry?
February, 1/8 3/16 March probably 1/6 7/32 April,
U.S. Dollars.
done
and
and
att
A small business was 37 for the second half of Febr- uary. There were sellers at 373 for February and 374 March, buy ers at 374 for near and 374 March, Yen
These are the three factors that supposed that we had finally, per- haps for ever, abandoned the gold standard. He had always wanted hamper Britain's trade, according to ask expert bankers why it was to Sir Harry McGowan, chairman that we had for so long been linked of the Imperial Chemical Indust to the gold standard. Supposing ries, Ltd., in a speech at a banquet that the gold reserves which at preat Birmingham of the Jewellers sent lay in the cellars of the Bank and Silversmiths Association,
of England under the charge of Mr. Sir Harry McGowan has just re- Montagua Norman were to be returned from the Far East.
In connection with low wages and moved and deposited in the un- fathomable depths of Loch Ness in long hours, Sir Harry declared that Merchants were quoted at 1254 the charge of the other monster, he be found no signs of malnutrition, would like to know what real differ- lack of physical energy, or discont for near delivery.
ert ence that removal would have on Shanghai Dollara
If Japan could efficiently organ Were quoted at 110 for near the currency needs of the country.
ise so could Britain. Organisation The real difficulty was to find some
was of paramount importance, but basis other than gold for our cur- rency policy. He cerely hoped price was the decisive factor. The that the bankers could manage no customer was always right and the longer to restrict us in the way Japanese were pioneers in enterprise they had done in the past and that and imagination. the country would be freed before long from the shackle which had been attached to the heels of the the trade of the country.
*
delivery.
Shanghai Steady. Sellers were indicated at 1/4 for near. buyers at 1/4 7/18 February.
T. S. Dollars Erratic but the tone at the close was steady: Early advices india cated sellers at 33 but the rate
"Later dropped to 33 9/18. market reacted to sellers at 334 and towards the close sellers were indicated at 33 11/16 fær'; near, buyers at 33 13/18.
$7.60
Watsons, meseccionis
31.60
Wm. Powells
32
M. Greyhounds ......
重
8. C. Enterprises...
United Theatres... 8.
81%
B Ind. G. Bonds... 79°/
SIAMESE COTTONS
HB. Gork Losa .......
$8
Wallace Harper 100
$140 H.K, Wing. On
#140
$140
Taxed On Entry Into Burma
S'ha Th.
Asia Lands Limited
Gloucester Building
Tel. 26631 (Two lines)
We offer you a complete brokerage service for the purchase or sale of New York Securities Daily quotations sent-gratis-upon See our investment news on request.
the Financial Page of The "Hongkong IDaily. "Press,
Canton Agents
John H. Ferguson & Co.
32. B. O. Shamen
Tel. 18824.
י
CHINA AIR MAILS
All British Service
15
NEW YORK STOCK EXCHANGE
ASIA
:
LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG).
Tel
£300-Gloucester Building, Room 306.
(REUTER'S "AMERICAN SERVICK)
New York: February 8.
Dow Jones Averages High-1833/34. Low: Feb. 5.
30 Industriais
20 Bair
20 Utilities
40 Bonds
Commodity Index
Feb., 6. - Change
120.8480 down
110.74.. 50.18-110.74
56.94
25.43 53,97
37.73
19.33 2.60
·61.00 31.03
37-down 43 op
91.48
72.91 91.48
$1.22
126 down.
80.44
41.98 51.44
54.82
,34 up
Axia Lands, Limited, has received the following report from their New York correspondents, E A. Pierce & Co. Everything considered, we think that the action of the market is constructive rather than the reverse, with still more favourable construction upon the near-term trend, provided the move in utilities which is beginning this afternoon, follows through. Wheat: Local market traders were evening up at the close. Outside interest was light and receipts were a little larger.
Cotton: A favourable committee report on the Bankhead Bill was responsible for part of the baying. The market later showed independent strength, closing at the day's high levels.
་་
Silver: After some irregularity, a steady undertone developed. Traders are disposed to await definite results with regard to the probable wider monetary use of silver.
10%*
LAST BALE
obable
Business Dons; 4,330,000 shares.
1935,
1:
DIT,
HIGH
Low P. SR.
Feb., 5. Feb, 6
112
4713.00 Air Reduction
$1044
$1041
136
704
49%
8.00 Allied Chemical & Dye 4.00 American Can
155
154
1024 1021
American Radiator.......
17
17
55
104
American Smelting.......
451
401
H 1342 94*
5.00 American Tobacco'
8.30 American Tel & Rol
123+
1241
33:
832
431
101
1.00: American Waterworks
25+
ZIŁ
Anaconda Copper Mining
171 171
2.00 "Auburn
561
551
et
Bendix Aviation
22#
221
.18.
1.00 Borden Company
21+
201
371
Canadian Pacific
102
17t
BAL
851
103 31
"64
0.00 Caterpillar Co......
314
· 31′′
--157
1.40 Chase National Bank
30 bia 30 bla
Sir Harry McGowan said be had received from the Japanese Vice- Minister of Foreign Affairs an as- eurance that the Japanese Govern ment's policy was harmonicas with Anglo-Japanese industrial rela fíoda.
5B1
100 Chrysler-Motors
1094
23+
3.40 Consolidated Gas of N.Y.... Curtion Wright .............. 9.00 Du Pont de Nemours"........
451
102
101
91
40
3.00 Eastman Kodak
menja
91
10
Electria Auto-Lite Co.
28
48
10
% Electric Baud & Share....
201
Electric Power and Light...
0.40 General Electric
in
1.00 General Foods'
1:00 (eneral Motors
la trying to attract customers, therefore, British representatives should be first class on the technical besides the commerical side, Long credits in the Eastern marksts were also an important factor in the com- petition.
4 A
gray..
At a meeting of the Board of Sir Harry was of the opinion that Directors of the Manchester if a statesmanlike attitude were not The Government of India is im Chamber of Commerce held on adopted in the present clash of in- posing customs duties effective on December 18, the Minutes of a❘terests conditions in the next few Jan. 27 on all cotton goods imported meeting of the China and Far years would become more acute, from Siam into Burmay. The fur-East Committee were presented to the Board. In adopting these Minu- ther import there of, goods is pro-
tes the Director learned of the out- hibited except on certain routes. These regulations are intended to come of the deputation which tighten up the existing frontier had waited upon Sir Philip Bas- soon, Under-Secretary of Air, to trade.
press forward the view previously expressed by the Chamber that an Canton Silk Market all-British Air Mail Service
From the Kwangtung Haw Bik Testing Borean Department of Reconstructions; Canton, China, i Canton Quotations
February 7. Extra 0.8. 13/15 FLR 154DN. Small Extra OS. 13/15 HK.
$48ON..
|
Crack NA. 14/16 HK $376P Extra Eitra 20/22 HK $360K. Waste N.8. Operi H.K.. $61N.
Yokohama Quotations
Skout Purebruary 6.
Spot, Yen 675. Bourse six months, Yen 670:
26
China would be of "inestimable value: 904
REICHSMARK QUOTA- TIONS
[Special to the Hong Kong Dally
Press (Copyright)} e Berlin, Feb. 6. Reichmark quotations (without guarantee) --
New York.
Agmsterdam Paris Sterling Dollar
38.10
508 ****..! 53.20 78.68 18.175 --Transocean Kuo Min.
Sir Kenneth Stewart was accom- panied by Mr. "GS Hammond, also a member of the China Com mittee, when they met the Under- Becretary on November 29th. The interview had been entirely satis- factory from the Chamber's point of view. It enabled the delegates to elaborate the case which had Air Service to the East. “Thérk been advanced by correspondence. was need, however, for further in- Sir Philip Bassoon gave full con-vestigations, and it was "explained sideration to all the arguments ad- that the China “Committee. WAL vanced in favour of the Chamber's pursuing the latter in appro proposal It might be said that priate quarter:
MONE up to a point no serious dimeni- tles were likely to arise in effect ing an extension of the existing
The Directors received this re- port with inuen" interest-Man- chester Chamber of Commerce.
10
1. Gilletto Bafety....
1.20 Gold Dost..........
0.80 International Harvester
International Tel. & Tel.
4.00 Liggett & Myers "B" 100 Loew's The
Montgomery War
2.80 National Fisolit dini 1,00 National City" Bank 10 National Dairy Products
1.60 Pacife (1955)'i· Elecítíó AMA
Packard Motor is
ec Pennsylvania Railway.
Hadio Corpn.
Sears Roebuck
1.00 Standard Brandaopas
100 Blandira La Co2 of Mage
Sooonysonam 'Corpn.
1.00 Texas Corporation." yangdong
Trik Ameriors 22
1.00 Union Csibrids – Boy Union Facinell Tom United kirad
Tüsked Cörpürüt United States Westinghouse
291bfd
G
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