Bayers.
நிகர்சல Belier
Sharebrokers
Association
Bu Dere
Bayer
Balne
Humbis
DAILY SHARE QUOTATIONS
"Hong Kong Stock
Exchange
FRIDAY,
Nomloa FEBRUARY 9.
EIRI
Banks
H.K, Banks
Do. (London) Chartered Banks... Mercantile Aks, "A"
Do.
"C"
Bank of East Asis... N. O. & S. Barks
1901
Am. O. Fin. Corp: 8.
Ch. Fin. Corp. Ord. S. Do. Pref. 8 Insurancss
Canton Lusarancos....
$3171 Underwriters
$1,830 $1,800
P137
1st
896
รายง
$20
36
52 ota.
8117 $2.05 es ct..
$13
mu mau jiuruch
4575
uţin auli
NO ata.!
(63 cta.
31 ot
$11
449
$1,543)
10
140
$102
HONG KONG DAILY PRESS, SATURDAY, FEBRUARY 10, 1934.
MONEY
AND MARKETS
LONDON EXCHANGE
RATES
(BRITISH WIäïksa Sabyich)
$320 31A
H.K. STOCK
MARKET
WEEKLY REPORT
On Amsterdam Athens the past week, the market in the Belgrade. closing days gives indication of a better undertone. Offerings, lat- terly, seem to be on a smaller scale, and readily taken up. Telephones specially, after the recent heavy dealings in them, coming out only in small quantities.
Although there were recessions of rates in a number of issues in
BUSINESS DONE DURING THE WEEK
Hong Kong Banks, $1,855, $1.888. Union Insurances,, $5771 $570,
Berlin ...... Bombay Brussels .... Bucharest... Buenos Aires Copenhagen Geners...... Helsingfors
Lisbon
Madrid
Milan......
276,310 Dinars
20.43 Marks
Is. 6d. por Rupes 36 Belgas 813,566 Lei
Tramways, $223. $22.85, $22.80,
$22.80.
Star Ferries, $94 ex: Div.
Hongkong
1993 Marks
110 Escudos
25.221 Pesatas
4.887 Dollars 4.867 Dollars 18.159 Kroner. 194.21 Francs 164. Kronca 98.934. per Gold Milreis
225+
78 13/16 1041
77 29/32
·103
Sterling Parity ........ 1310 Florina
Fab. 1. 7.71
375 Drachmae
535 S. 230
Fab. 8. 7.62) 530*8.
230
· 13,12] ·
19
1/8 3/32
22.264
1/8 3/32 22.03
525
515
$1.60
47.36d. per. Peso
36 8.0.
364 S.O.
Union Insurancs,
3076
18.150 Kroner
22.40
22.40
3020
Chins Fires
3525
25.224 Franca
15.991
15.88
H.K. Firs
$285
$275
2281
$6.30
International Assce, 8.
'1/8 ·
1/8
Shipping
1091
1097
Douglases
$36
#1zi
Steamboats
$573, $376.
38 7/16
377
$30
Indos (pret.)
H.K. Fire Insurances, $285.
****** 0.40 Lire
591
582
$33
Do. (def.)
56/7
Shella
51/-
China Providents (New), B5. cts. Hotels. $6.15, $64.
Montevided
30.ped. per Peso
37 8.0.
372
Montreal
5.034.
5.05
Waterboate
$11
Humphreys, $12.15.
New York
5.001
-5.011
Mining
Dalo
19.90
19.90
Amtamoks
$75 t
Paris
$40
Bajatcos
Prague.....
Baguio Gold
Rio de Janeiro
340
Shanghai
N
130 oth
Goldfield
26 ats.
Big Wedge
341
Gold Creek...
$7
Ipo Mining
28/
$17
Langkats (single)
Itogo CONTADATATES,
27/-
317
84.60
Explorations.......
241
$6.80
Shanghai Loans 8.
-38,40
214.30 Raabs ............................
314
Tronoh Minos D
197
Venezuela Gold
Fida.
364
1118:
$2.65
| $2 70
313
12
$146 38
Benguet Consolidated
Do. Exploration
Do.
Docks, WharrOS,
Godowns, etc.
H.K. & K Wharto0.
Providente (old)
Do. (new) H.K.& W. Docks.
"... 87gals.
S. China Motors'A'
Do.
Shanghai Docks S.
$6.80 New Engineerings8.
Hongkowe .................. (Lande, Hotels, and
$354
Buildings
H.K. Hotels
D.
$2
18
3147
"
ון
China Lights (Old), $9.80, $9.70,
338
$9.65, $9.60, $9).
(3) t
Electrics, $70.
가
23 ats.
$12.90.
$8.20
76,20
$73
H.K Laude.........8.
16.30 $73
$28
Shanghai Lands...S.
$14
16.80
$19.10
261
112.10)
$137
$140
Metropolitan Landa..
H.K, Realties
Chips Do
Do. Debentures3. Humphreys *** New Asia Hotel Asia Realties "A"S. "R" S.
Do.
Chinese Estatos.....
S'hai Cottons......S.
813 Zoong Sings... S.
$20
397
Colton Mille
313)
Ewos
$13
$119
#119 $13,
$70
.
Wing On Textiles(S.), $71)
Public Utilitig
$25.60
Tramways re****
$92.80
$15.90
Posk Trama (old)....
$151
$71
Do. (new)...
5941 ex div.
Star Ferries
ex div. 396
$24
Yaumati Ferries
231
30
394
China Lights (old)... 8.eo
19.65
39.20
Do. (now)...
Do. Rights...
1761
176
H.K. Electrics
$761
$232
$201
2.90/13
$201
$13.05
***
$13
39
15/
$142
#21
319
#31
Do.
Do.
$7.10
Ropes
$28
| 1291/11
Насай со
Sandakan Lights... Telephones (old)...
Do. (new) China Buses ....... Tractions ar
Do. (prof.). Industriala Malabon Sugars ... Caldbeck, Yord.) 8.
Mucgragoza (pref.)8
Canton Ices
Cements (comb.)...
..(old)...
(CHW)...
$101
Miscellaneous
Dairy Factors. Der A Wings....en Amusementa................ Ch. Etainments......] Constructions," (old)
Do,
[new] 56 cts
I
$15
$21.
$2.50
$2.50
$6,90
$291
$5
110
$9
$1,00
520$
$410
Lane Crawforda.......
$4.10
$21
Mackintosha
Nanyang Tobacco... $4
$3.20 Sinceros .......
5131
37.80 Watsons
$7.80
$1.80
Wm, Powells
$1.10
32.
M. Greyhounds
311
8. G. Enterprises ...
ફાયું
39
United Theatres..... 8.
81%
B. Ind. G. Bonda... £0%,
preta.
H.E. Govt. Loans... $106
$8
Wallace Harper......
$140
$140
S'hai
$140
B.E. Wing Oo `******
Do.
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 request. See our investment news on the Financial Page of The Hongkong ¡Daily Press,
Canton Agents.
John H. Ferguson & Co.
32, B. O. Shameen.
Tel. 18624
Telephones (Qld), 284, $267, $264. | Stockholm Telephones (New), $134. $13, Vienna.....
Canton Ices, $1.80.
Yokohama
Silvi (spot)
Dairy Farms, $29.40, $291, $29.45, Silver (forward)
$29,40, "$99), $294.
Constructions (New), 53 cta. Antamoks, 76 cts., 77 cts., 78 cta.
79 cts, 80 cta.
Bagiuo Gold, 534 cts, 53 cts. Benguet Explorations, 31 cts. Singapore Tractions. 3/9. CHANGES (3.15 p.m.) CLOSING QUOTATIONS
Buyers
wharves, $118
Providents (Old), $2.70.
Providents (New), 70 cts. Ewo Cottons, Sh.$134. China Lights"(Old), $9.80. China Lights (New), $$Į.
Sales
Union Insurances, $$75/37,6. Star Ferries. $941 ex. Div. Canton Ices, $1.80.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS. REPORT
Silver prices rose 1/16 yesterday for both deliveries, the quotations being 193 for Ready and 19 13/16 for Forward. Sulver advices re- ported speculators as having bought. China sold. The tone was steady. In America the ute was slightly higher at 4432 for Spor The tone was strong.
New York advices reported the opering rate at 5.00 and the closing rate at 5.01. The market was quiet.
Market
Sterling
War Loan
ON. LONDON:--
18.150 Kronor 34.58 Schillings 9.50d. per Yen
.4 8.0.
1/4 5/18 19.394 284
41 8.0. 1741 19.39+
1)
1/2 5/18
19 11/18
28+ 1/2 9/32 191
191
4%
2017
Closing Quotations
February 8, 1934.,
Telegraphic Transfer... Bank Bills, on demand Bank Bills, 4 months'
sight
} 4
ON NEW YORK:--
19 13/16 1011
Bank Bills, on ¿ uand 381 Credits, 60 days'
ON BATAVIA
On demand
ON PAIB:"
ght.. nom
.......
Bank Bille, on demand 58
Credits, 4 months' right 820-
Credits four months'
aight
1/80
ON SHANGHAI :-
ON SA100:-
On Demand
110
On demand
A8
ON SINGAPORA :-
ON. MANILA I
On demand
63+
On demand
73
́ON JAPAN :--
ON BANGKOK :—
On demand
1934
Oo, demand
125
ON INDIA:-
SOVEREIGNS, Bank Buying
Bank, on demand
Telegraphic Transfer...
Rate .....
1/62
·
BAR SILVKE, per oz.
CUT IN PRICE OF ARTIFICIAL SILK
About 3d. Per Lb.
COURTAULD'S
made
13
PRESIDENT
Liners
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
||
To SAN FRANCISCO 18 Days via Shanghai, Kobe, Yokohama, Honolulu
Fortnightly sailingn
Pros: Lincoln ..... Feb. 13, Midnight Prea, Hoover ...Fob. 24, 10a.m. Pres. Cleveland... ar. 13, Midnight Pess, Coolidge .....Mar. 24, 10 am Proa. Talo...
To VICTORIA, SEATTLE 17 Days,
via Shanghai, Kobe, Yokohama
Fortnightly sailings Pros. Jefferson.....Feb. 16, Midnight Pres Grant......... Mar. 2. Midnight Pres MoKinley...Mar. 18-Midnight Pres. Jackson...Mar. 90, Midnight Apr. 10, Midnight Pres. Jefferson... Apr. 13, Midnight ROUND TRIP. FARES TO EUROPE & AMERICA,
Direct 8pacial through rates to Europe via United States. connections with all Atlante lines. Choice of rail lines soroBN United States and Canada, liberal atop-over privileges for Sight-seeing. Fall particulars upon application.
| Fortnightly via Suez to Europe & America
Fortnightly sailinge on Saturdays via Manila, Straits, Colombo, Bombay. Suer Canal, Alexandria, Naples. Genoa, Marseillon
Pros, Hayes... Prés Johnson Pres. Monroe ...
New York and Boston.
...Feb. 17, 8 a.m.
... Mar. 8, 8 41,"
Mar, 17, 8 am. Pres. Van Buren ...Mar. 31, 8 am.
Pres, Garfield
Apr. 148 a.m1. Pres. Polk.........................Apr. 98, 8.m. Pros, Adam w May 15, 8 a.m. Pres. Harrison......May 26, ULD.
TO MANILA
Next Sailing...
Pres.
Pres. Hoover .......Feb. 15, 9 p.m. Prea, Hayes....... Feb. 17, 80. Pres. Grant .................Feb. 24, 5 pm, Pres. Johnson......Mar. 3,8 m.
Jefferson Feb. 10, 4 p.m.
Pres. Cleveland ...Mar. 6, 6 p.m. Pres. McKinley..Mar. 10, 6 p.m. Pros. Coolidge.......Mar. 16, 9 p.m. Pre Monroe.........Mar. 17; 8 a.m.
Connecting with 8.8. MAYON TO CEBU, ILOILO, ZAMBOANGA
STEAMSHIP
DOLLAR AMERICAN
LINES
MAIL LINE
FEDDER BUILDING-BONG KONG, CANTON-BRAXON:—¿, SHAKRE BÜKD,
QUOTATIONS
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD.,
(INCORPORATED IN HONG KONG).
Tel. 28380-Gloucester Building, Room 304.
Dow Jones Averages High-1833/34. Low: Feb, 7.
(AKUTER'S' AMERICAN SERVICE.)
30 Per Cent. Rise In Production
New York: February 8.
30 Industrials
110.74
50.16 107.95
20 Rails
58.04
25.43 BUN4
20 Utilities
37.73
19.33 29.71
40 Bonds
OL.48
-73.31 90.73
60.4-4
41.98 54.23 54.81
NEW POLICY
(Special Air-Mall Service)
London, January 17.
Quiet," the understone was steady, Courtaulds, Ltd, the £34,000,000 Some business was done during artificial slik manufacturing con- an- an important the course of the morning at 1/6 cern, 3/32 for near and 1/6 March.nouncement yesterday regarding The market closed at lunch time its future policy. with sellers at 1/8 1/18 February, 1/0 3/32 March and 1/8 5/32 April, buyers at 1/8 3/32 for near. 1/8 March and 1/8 3/16 April
U.S. Dollars.
Production is to be extended by over 30 per cent, and
Reductions averaging about 3d per lb are to be made in the com- pany's Viscose yarn prices.
The cut in prices has been ren- Business was done early in the morning at 378 for March follow-dered possible by the increase in ed later by transactions at 37 production and by recently effect- 11/16 and 374 for. March. The ed economies.. market closed at lunch time with sellers at 37 9/18 February and 37 11/18 March. buyers
at 37 11/18 for near and 37 13/16 March.
Yen
Merchants were, quoted at 1259 for near delivery,,
Shanghai Dollar
Were quoted at 110 for near delivery.
Quiet.
Shanghai
Sellers were
indicated
at 1/4 5/16 for near, buyers at 1/41.
ון
IN THE AFTERNOON: The market was steady in the afternoon.
Sterling.
In Sterling business was done at 1/6 3/32 for near and 1/61 March, finishing with sellers at 1/8 3/32 for near, 1/6 March and 1/8 5/32 April, buyers a 1/8 for near, 1/8 5/32 March and prob- ably 1/6 3/16 April
U.S. Dollars.
The market closed with sellers
at 37 for cash, 37 11/16 second half February and 371 March buyers at 811 for near and March.....
97
Canton Silk Market
From the Kwangtung Raw Silk Testing Bureau Department of Reconstructions, Canton, China.
Canton Quotations
February 7. Extra OS. 13/15 "HK, #540N. Small Extra 08. 13/15 HK.
$450P...
Crack NS. 14/18 H.K. $375N. Extra Extra 20/22 HK. 83421P. Waste N.S. Open HK. 38IN,
Yokohama Quotations"
February 8, Spot, Yen 650, Bourse six months, Yen 652.
A few weeks ago Courtaulds an nounced a cut in the prices of cer- tain of its leading acetate products.. The price reductions and the high- er output will place the company in a stronger position to meet Japan- ese
abroad. It is competition pointed out in Manchester, how- ever, that Japanese prices will still be considerably below those Britain.*
reached the
record
ber last, it total of 8,550,0001b. The monthly average in 1924 was only 2,110,000lb. At the last annual meeting of the company Mr. Samuel Courtauld, the chairman, såld that the Japan- ese policy of undercutting prices made it very difficult to uphold agreements among European pro- impossible for a ducers. It was British manufacturer to compete in an open market with such a com- petitor, he added, and no general tarifi could redress the balance.
INDIA'S SILK THREAT
of Duty May Be Brought
Courtaulds has a substantial in- terest in American Viscose Cor- poration, one of the biggest Ameri- can producers, and it is also link-
Up To 100 Per Cent.
Feb., 8. * Change:
109.45 00 up 02.20 .26 up 29.01.10 down
92,70 (3 down
.88 up
Commodity Index Asis Lažda, «Limited, has received the following report from their New York correspondents, E A. Pierce & Co. The failure of the reaction to ex- tend itself was hopeful, but not conclusive. Selling was much less insistent and, at least, it was perhaps evidence of larger demand at just under the market. No particular news of the French alarm appears to have been will have a BAFTOW' dissipated and it is quite possible that the market „range.
Wheat: A thin local market eased on some rains in dry spots, but firmed on less pressure and on stronger security.,
Cotton: The market closed strong, sentiment being impressed by the strength under very heavy selling yesterday and rumours of possible bullish developments in silver, while the President's instructions to speed. the Bankhead Bill also aided the advance.
Silver: Prices opened barely steady and continued easier. Trading was quiet, with the steadiness of the Sterling exchange and possibilities of Washington developments tend to check selling pressure. Business Done: 3,200,000 shares.
1935
Drv. $ Влия Low Pra. SH.
ed up on the Continent with Bnia A sensation has been caused by a
Glanzstoff telegraphic message received by 1021 Viscosa, the German Co., and A.K.U.
10
1.60 Borden Company
Canadian Pacific
J. I Cano
LAST SALE
Feb., 7. Feb, &
$103 3103
112
471
300 Air Raduction
155
704
8.00 Allied Chemical & Dye
150 1521
103/
491
4.00 American Can
1002
1031
American Radiator.......
#161
181
*56
101
American Smelting.....
461
471
134
# 86
9.00 American Tel. & Tel.
1227
122
501
5.00 American Tobacco
B
$2
80 xd
43
10
1.00 American Waterwork
251
241
5
Anaconda Copper Mining
161
161.
53
43
.31
2.00 Auburn
.
6
Bendix Aviation
21
214
251
251
871
18
187
17
20%
7
81+
8139
103+
30+
al
0.50 Caterpillar Co.
30
301
1.40 Chaas National Bank
291bid 281bia'
1.00 Chrysler Motors...
58ł 571
31
3.40 Consolidated Gas of N.T....
45+ 461
Curtiss Wright..........
41
#
2.00 Du Pont de Nemours ......
991
101
RIVALRY-WITH JAPAN
the Kobe Bulk Exporters' Guild from
the Indian importers' As-
Bombay sociation in
that as the Indian Government
91)
3.00 Eastman Kodak .....
89+
891
Electric Auto-Lite Co.
201
27
% Electric Bond & Share ......
21
21/
13
3+
Electric Power and Light...
15
attempting
10%
0.40 Genera; Electric
231
23:
Manchester, January 17.
21
1:06 General Foods
351
35
47
10
1.00 General Motors
30+
39%
B+
1. Gillette Safety
.114
111
13
1.20 Gold Dust
200
48
13
0.80 International Harvester
431
International Tel. & Tel.
18161
00
+91
48-
1.00 Loew's Inc.
-321
36
B
Montgomery Ward
311
327
31:
8.80 National Biscuit
43
44
28
$100
100 National City Bank
2073
20 biển
10
1.20. National Dairy Producta
187
1611
101
0.80 Otis Elevator ........
18
10 Pacific Gas & Electrio
22†
22
17
Fackard Motors
.47
#F
137
ef
Pennsylvania Railway ..............
37.
"367
3
Radio Corpn.
12
Sears Roebuck
481
13
1.00 Standard Brands
Standard Gue heri
10 231
1.00 Standard Oil Co. of New
•Jersey_drutte
181
A
Bocony-Vacuum Cörpa.
10).
1.00. Texas Corporation
271
20
Trans-America
192
1.00 Union Carbide & Carbon,...
471
6m Union Pacifio '......................
1251
United Air. and Transport......
319
output
its iricrease of 83. duty from 50 to 100 per
should all traders,
ex-
27th. A similar
The announcement by Courtaulds cent, was greated as good news in Man-pedite shipments so as to ensure chester trade circles to-night their arrival in India not later The increased
will be than February doubly welcomed by those Lanes warning has been received by manufacturers who, during the many Indian firms.
The Kobe Silk Exporters Guild middle of last summer, experienced considerable dificulty in obtaining immediately approached the Tokyo adequate supplies of yarn.
Government, and on learning that no official Information had yet been received, requested it to in- vestigate immediately. Many In- diar exporters consider the tärin increase unavoidable, and are hur- rying shipments..
El Ernest Thompson, chairman of the rayon section of the Man- chester Chamber of Commerce commented:
"Japan has already indicated that she intends to increase her
For many years the Indian duty production for 1934 very consider- ably-far more than 30 per cent. used to be 25% "ad valorem," -and
one presumes that but in March 1932 IZ was Courtaulds are preparing to coun- raised, to 50 per cent. Its increase ter the increased Japanese output. to 100 per cent, will be a serious "The reduction of '3d pound blow: It is apprehended, that
50
will not bring our prices near the Japan's exports-Y10,270,000 in Japanese, but there is a keen fight 1932. and Y15,172,000, in 1933-will between ourselves and the Japan- be brought to vanishing point. ese in the rayon trade. The price is said that there are forward cut will help us enormously, and contracts amounting to Y4,000,000 the increased supplies will help us or 75,000,000. As patterns and even more."
designs for the Indian market are elsewhere, Rayon production in Great Bri-quite unsuitable for tain has risen steadily. In Novem-Lay cancellation will be serious.
⠀⠀ ⠀⠀⠀⠀5885935-258 9981717-681181117STASETS AROGANT
4.00 Liggett Myers "B"
United Corporation
United States Steel
Westinghouse· E., & M;
331
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