DAILY SHARE QUOTATIONS" Sharebrokers' Hong Kong Stock Exchange
Bayar Ballore
Malk
$1,830
$910
! ! ! ! ! ! ! ⠀⠀⠀⠀⠀⠀⠀:
Nominal
TUESDAY. FEBRUARY 13,
Banka
Association
Bollars
Вдуего
HE. Banks) $1,890)
Do. (London) ........
Chartered Banks... Mercantile Aka "A"
Do,
Bank of East Asia
Insurances
Balon Domina
$330
21384
218
$35
£19
396
N. C. & S. Babka
x'div. 306 $el
$20
Au. O. Fin. Corp: S
#
Ch. Fis, Corp. Ord. 8.)"
Do.
Prel. 8
36
Canton Insurance ....
31.60
Underwriters
$14
$576
Union Insurance... 1580 China Fires
"3285
Shipping
135
***
#1
Steamboat *******
$30
Indoa (prof.) ...............
$33
Do. (dof.) marec
55/-
Shella
$11
Waterhenta
Mining
$2.60
80 ct.
$13)
********
H.K. Firmakovem
$6.30 Laternationgi Ansoe. S.
Douglases
Balatcom
$525
330** 3:21 $30
HONG KONG DAILY PRESS, FRIDAY, FEBRUARY 16, 1934:
MONEY
AND MARKETS
F. W. WOOLWORTH & CO.
Current Year Opens Well
(Special Air-Mall Service)
London, Jas 27. A source of income which showed The twenty-fifth annual generala notieable fall on the year was meeting of W. Woolworth and bank interest. The company car- Co., Limited, was held to-day at ries, for reasons which you know, Great Throughout the year a large amount the Connaught Rooms,
of cash, and the cheap money which Queen-street, London, W.C.
Mr. W. L. Stephenson (chairman prevailed throughout the your had and managing director), who prea somewhat adverse effect upon the The balance sheet income which the company receives 3875 sided, said:
shows that freehold properties own from that direction.. ed by the company have increased by £136,619 16. id. to £4,614,733 13a ld.; the value of leasehold properties has increased by £88,697 Ds. 6d. to £2,559,601 58. 10d., and the value of fixtures, fittings and furniture has increased by £29,827 7. d. to £1,437,048 11s.; stock of merchandise on hand has increased by £80,625 14. 7d. to £,349,902 18 3d sundry debtors and payments 30 in advance show a slight increase of £7,731 6. 1d.; and cash at bank. ers has increased by £881,100 129 11d. to £5,378,661 68, 8d.
$38 31/ ยง
76 cts.
49 ste.
30 str. Amtamoka ........
$40
52.eta. Baguio Gold
$40 Bengust Consolidated 1381 32jote. Do. Exploration,
Do. Goldfield
25 ots. Big Wedge
Gold Creek..
Itogona
Ipo Mining..
Kailans
Langkata (single) S.
Arplorations......
97- 317 246
Shanghai Loans
8.
$6.40
Reaba aseTELYYN |
5142
Tronoh Minos
***
561
$118
75/85 lats.
32"
Veneruels (oid Fida.
Docks, WharreS,
Godowas, ate.
H.K. & K. Wharton.
Provident (old)
Do,
(now) .......180 ate.
H.K. & W. Docks...
Buildings
**
$270
On the liability side sundry credi- tors show a slight increase due to the provision for extra taxation over the previous year.
A
During the year 43 new stores were opened. These, of course, are mostly in quite small towns, as we are already well represented in the larger contres. The company is now operating a total of 599 branches, In addition to this three new stores to replace old were constructed ones, and 19 stores were altered to extensive selling provide space.
more
41
The Outlook.
As to the present year 1994, to prophesy is dangerous, but I can not help expressing the conviction that at lung last there is being re flected in your business the glow of genuine warmth of returning pros- perity to this country, but it is a gentle heat.
These changes in the important figures are quite normally healthy,
This national effort has only just and the increase is chiafly due to new branches opened by your com- commenced and great tenacity of pany during the year. It may be purpose will be necessary in the observe that the coming years before. security and interesting to 1118 amount of increase in the merchan-sustained prosperity is ours.
I make bold to express this dise inventoried as stock on hand on December 31 last is considerably thought because it can be mirrored in your own undertaking. Internal less than that carried in the new
resources we have, branches, and the comparable stocks strength and
stores which were open and do- and whilst paying a high tribute to ing business in both years are gen- the loyalty shown and the magni- erally much lower, due to the in-ficent work accomplished last year resed sales we enjoyed in the latter! by the employees of your company, part of 1933, This circumstance I can safely say that the general has automatically had the effect of improvement in trade which substantially increasing the amount enjoyed in the latter part of last of cash at bankers..
$13
33
$148
震程
S. Chins Motors' A
Do.
$146
Shanghai Docks S.
36,60
New Engineerings.
#354
Hongkow
Lands, Hotels, and
$6.95
H.K., Hotels
16
$73
H.K Tanda.........8.
$731
$20
Shanghai Landa...8.
$14
Metropolitan Lands...
#
"0.10
HK. Realties.ing
18. 80
$15 31:37
$11.30 or dir.
3140
320
507
Chinese Estates......
Cotton Mille
113)
Ewo
8. $13
$119
S'hai Coltona......S..
“$13†
Zoong Sings.....S..
Chias Do.....
Do. Debentures3.
Humphreys from New Asia Hotel Asix Realtien AS.. "B" 8. Do.
#70 Wing On Textiles(S.)} $70. Puble Utilising
Tramways..
$16.00 Pork Trains (ald)....
Do. (now)...
Yaumati Ferric ...
$22
$22.60
171 194 $241
Star Ferrice******
$9.8u
$9.00
191
Chins Lights (old)... Do. (DA)... Rights Do.
$231
Масло до
12
$28
326
$13
751
11 $131
לי
$12,601
$151
371
$95 $231 19 85
191
1781
176 H.K. Electrica
Sandakan Lights ...| Telophones (old)...$28.85
Do
$13 China Buasa.......
430
I
we
BERLIN SHARE MARKET
Prices Continue To Rise
[Special to the "Hong Kong Daily Press" (Copyright.)]
Berlin. February 14. Share prices continued to rise, the wine machine, making Com- panies being the chief trades to benefit. The main cause of the improvement was the declaration
on the financial situation of the Reich made by a high official of the Finance Ministry who pointed, out that the Reich has eight hund-- red million marks in hand for
financing the coming year's cam- paign against unemployment, the Government hoped in the current year to put two out of three and three-quarters millions unemployed back into jobs.
13
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
To SAN FRANCISCO 18 Days via Shanghai, Kobe, Yokohama, Honolulu
Fortnightly sailing...... · Pres. Hoover. Feb. 24, 10 am.. Pros. Cleveland.Mar. 13, Midnight Pres. Coolidge Mar. 24, 10a.m. Pres, Taft.Apr. 10. Midnight Pros, Hoover Apr. 21, Midnight ROUND TRIP FARES TO
To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
+
Fortnightly sailings Pres. Jefferson......Feb. 16, Midnight Pres. Grant...... Mar. 2, Midnight Pres. McKinley ...Mar. 18, Midnight Pres. Jackson.....Mar. 80, Midnight Pres. Jefferson Apr. 13, Midnight EUROPE & America, Special through rates to Europe via United States · Direct connections with all Atlantro lines. Choice of rail lines serosa United States and Canada liberal stop-over privileges, for Sight-seeing. Full particulars upon application.
Fortnightly via Svez to Evrope & America
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, Suez Canal, Alexandria, Naples, Ganoa, Marsille. New York and Baton.
Pron.. Hayes..
Feb. 17, 8 a.m.. Pres. Johnson ....Mar. 8, 8 a.m. Prra Monroe...
Pres. Garfield ...Apr. 14, 8 a.m. Pres. Folk.................Apr. 18, 8 am Pres. Adame... Mar 12, 8 nm. Pros, Van Buren,..Mar. 31, 8.m.Pres. Harrison May 26, Bam.
The taxation for the financial year 1833 yeilded 300 million marks more than the preceding year, se that Government intend to lower taxation and thus release buying power to stimulate the ecomomie
Pres. Grant The Bond security market was ille. dull, the chief business being the
exchange of gold mortgage bonds: for recently converted dollar bonds. Call money to 5 per cent. Young Loan rose 1/8 to 937. Reichbanks
declined to 166, Dye Trusts im- proved 1 5/8 to 131.3/8, Salzdet- furth dropped 17/8 to 154 5/8, German Steel Trusts advanced to 414. German Mineral Oils 3/8 better to 107 7/8, Siemenshalske rose 14 to 148. Transocean Kuo
to.
REICHSMARK QUOTA-
TIONS
Press" (Copyright.)}
Berlin, February 14"
Relchsmarks quotation without guarantee:
38,10
.598.75
New York
#Amsterdam
Paris-
.58.58 Paris (sterling)
....77.10 "Paris dollar) ................ ..15.32.
-Transocean Kuo Min.
year and is continuing so far into } [Special to the “Hong Kong Dally the present year, will be a toxic and Increased Profits The profit and loss account, when an urge to greater effort and effi- the operation of your compared with that of the previous clency in
business. year, indicates an increase in the,
Compared with a few years ago usual writing down of the various leasehold properties and fixtures, our range and variety of merchan- fittings and furniture. The figures ('dise has greatly increased, and we which appear under these headings constantly find it necessary there- in the balance-sheet are net, after fore to extend our selling space.. the annual write-off of this year In the present year we have quite and previous years have been taken a number of such extensions, in into consideration. In the present addition to which we bave ILX- year we End that our write-off cellent prigraine 57 ne sonabes. from leasehold properties is £112; -306, Bs. sd, being an increase of £8,705 4d, and from fixtures, fittings and furniture £96,485 8s 2d. being an increase of R908 17s, 2dThe net profit of £4,595,783 168. Sd. carried to appropriation nocount is an increase of £47,498 7. 3d., against which we have had to provide a gum for taxation 38. 10d available, and your board amounting to £1,117,435 d., now recommend, as in the previous being an increase of £170,808 18s year, an allocation of £50,000 to be 4d. over the previous year.
reserve for freehold applied to Before coming to the appropria- buildings; $10,000 to be transferred tion account, I would like to give to reserve for staff benevolent fund. the shareholders & few more details and the payment on February 1 of relative to the year 1933, Business was definitely poor at the commen cement of that year and continued so for approximately the first seven months, and sales in the stores in total were down compared with the recall preceding year. When we the fact that there were over 200,000 more unemployed at the close of the year 1932 than there were at
a final dividend of 2s. 6d. per share, Will you please now turn to the
Including the report.
amountless income-tax, making with the brought in from Last year we have one already paid is. per share, on a total of £8,082,111 4 4d. from the 16,000,000 Ordinary shares of which appropriations amounting to 8. each, amounting to 21,408,250. £2,188,185 0s. 6d, have been made by These appropriations will leave a your director for dividends and for balance to be carried forward of the provision for taxation to date £4.429,076 38.10d This leaves a balance of £8,886,925
$12.00
***
(now)...
མ་
Tractions
15/.
Do. (pref.)...
Industrials
$14
Malabon Sugara
SIN
321
Caldbeck, ord.) B..
$19
Macgregor (prof.)8
$1.75 Canton Icos ....................
$1.80
#3)
I
Do. (old)...
$2.90 $2.90
$8.00
$7.10
Cements (comb.)...
DD,
Rapes...
(new)...
Miscellansoss
Dairy Farms.... Der A Wingster
Amusementa
Do.
Од
Of the year's earnings after pro- viding for the Preference share di- vidend, the recommendation just made means that roughly 1 per cent of such earnings shall be paid in dividenda.
The report and accounts were unanimously adopted.
LONDON EXCHANGE RATES
$90 the corresponding period of 1831, it Amsterdam
is not surprising that trade was Athens. difficult at the outset of 1933. Con- Belgrade ditions in the northern industrial Berlin areas were particžlarly bad.
$42
15
$101
Ch. Etainment......
310
32
Constructions, (old))
$1.90
52 atr.
(new) 50 cts
14.10
Lane Crawfords......
$4.10
$21
Mackintosha
Nanyang Tobacco... $4
313 €7.60
$1.10
|$18.20] Sincares vimersoane
17.80 Watsons
W Powell
M. Greyhounds......
R
$1.80
$2
$11
C. Enterprises .......
12
United Theatres ........
.8.
91%
R. Ind. G. Bonds... 0
prem
$140
$135
$130
ILE. Gort, Loans...$108
Wallace Harper...... B.K. Wing do.....
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,
Canion Agents,
John H. Ferguson & Co..
B. C. Shameon,
Tol. 18624.
Bombay
....
is. 6d. per Rupee 35-Belgas 813,588 Lei 47.58d. per Peso 18.129 Kroner
25.29) Francs - 16.68 193.23 Marks220
110 Escudos
......25.92
Penetas
Mar. 17, 8 am.
TO
Next Sailing...
MANILA
Pres. Hayes Feb. 17, 8 a.m.
Pres. Coolidge... Mar. 15, 9 pm. Fres. Monroe.Mar. 17,8 a.m. Prew Jackson.......Mar. 94, 6 pm: Pres. Van Buren... Mar 31, 8 a..
.........Feb. 24, 8 p.m. Prea. Johnson.Mar. 3,8 m. Pres. Cleveland ... Mar. 6, 6 p.m. Pros. McKinley ...Mar. 10, 8 p.m. "Connecting with 8.3, MAYON 7% CEBU, ILOILO, ZAMBOANGA
DOLLAR STEAMSHIP
AMERICAN
NEW
LINES LINE
KID SUIDEGEONG TONG.
CANTON BRANOR :-44, SKÁKEE ZOAB.
YORK STOCK EXCHANGE
ASIA LANDS,
LTD., QUOTATIONS.
(INCORPORATED IN HONG
Tel. 28380-Gloucester Building, Room 306.
KONG).
Dow Jones Averages High-3933/34. Low: Feb, 18. Feb, 14 · Change
30 Industrials 29,
(BEUTER'S AMERICAN ^ÁERVICE)
New York: February 14,
110.74
50.16 106.10-
68.94
25.43 61.37
137.73
19.33 · 98.43
91.48
73.31 91.16
€0.44
41.98 54.89
20 Rails
20 Utilities
40 Bonds
Commodity Index":
106.78
.ee up
50.70
33 up 28.66.93 up 91.48
.33 up .98 down 54.04
Aria Landa, Limited, bas received the following report from their New York correspondents, E A. Pierce & Co. The rally this afternoon was se s result of the lifting of pressure from aviation and alcohol issues. The market continues to act weil and, while it may be quiet for a while, we see no reason at present to anticipate a recurrence of last week's heavy selling.
Wheat: Pressure was light on continued dry weather. The European political situation needs watching,
Cotton: The market showed remarkable absorbtive powers. Liver- pool, Continental and domestic long interests sold beavily, but offerings were well taken.
Silver: The market opened very firm, largely because of strength in London. The lattor was credyted with speculative buying, there being reports on this wide that further administration sction on silver was con- templated.
Consolidated Oil has declared a dividened of 29 cents. Seaboard Qil has declared an extra dividend of 10 cents. Busibass Done: 1,840,000 shares,
3.00 Air Reduction
6.00 Allied Chemical & Dro
4.00 American Can
American Radiator.......
Canadian Pacific
J. I Cano
0:50 Caterpillar. Co.
•
LAST SALE
Feb., 13. Feb, 14,
27fbid=28fbld.
551 563
1932.
DIY. $
ELIOB
Low
PER. SH.
51013 $107
113 471
151
151
155
1044
105
(BRITISH. WIRELESS SERVICE)
'Sterling Parity
10*1
494
152
18
19.10 Florine
375 Drachmae 276,316 Dinare 20.49 Marks
Feb. 12. 7.57+ 534 8.
Feb. 14.
10%
American, Smelting........
487
7.55
1341
80
0.00 American Tel, & Tel.
1201
525 8.
04
50
5.00 American Tobacco ""
77
70
1.00 American Waterworks
229
23
227
205
E
Anaconda Copper Mining
10%
16
12.91 1/6 1/16 21.88 510 36 8.0. 22.40
12.88
"1/6 3/32
2.00 Aubura
Bendix Aviation
2:0
201
21.79
100 Borden Company
..247
2516
510
164
163
361 8.0.
791
791
22.40
103
287 30xd
13.72
31
2281
1/6
1/01
1.4 Chaas National Bank 71.00 Chrysler Motors
•1097
1091
€48
3.40 Consolidated Gas of N.Y.
431
434
37 19/32.
37:15/32
Curtis Wright
37
4..
58
57-13/16
109
22
2.00 Du Pont de Nemours
1001
377 8.0.
381 6.0.
911
46
a.00 Eastman Kodak
-
83+
$81
5.08
5:07
98
10
Electric Auto-Lite Co.
201 27
5.034
10
Electric Bond & Share ......
191
194
19:90
19.90
મ
Electrie Power zud Light...
72
-8
77· 11/32 1031
#77 3/32
10
0.40 General Electric
234
1111
ят
1.60 General Foods
347
10
1.00 General Motors.
........ 18.159 Kronor 34.58 Schillings
4.8:0. 1/41 19.391
41 8.0.
BL
1. Gillette Safety
111 11
1/4)
12
1.90 Gold. Dat vazosimanna
20
19.391
0:60 International Harvester
International Tel. & Tel.
151
284
281-
90
1/2+
1/2 0/32
N-327
321
197
201
-Montgomery Ward
33+ 33
24%
19 15/16 101 15/18
20 6/18
2.80 National Biscuit
401
1017
184
LOO National City Bank
277bid 284bla
1.20 National Dairy Products.
154
154
10
0.80 Otis Elevator
17
17
16
10 Pacific Gas & Electric
201
·21
-Packard Motors
#
Pennsylvania Bailway
301
Sexd
491
174
92.46 Lire 50.88d. per Peso 4.867 Dollars 4.967 Dollars
18.159 Kroner 124.21 Francs 184.95 Kronën 26.03d: per Gold Milreis
After seven months, however, -a BrusseİK change yet in so definite and tang- Bucharest ible that during the balance of the Buenos Aires year we not only succeeded in Copenhagen making up what we had lost earlier Geneva in sales, but actually on the full Helsingfors
a gain in turnover, Hongkong year showed excluding the new stores which had Lisbon......
Madrid been added during the year.
Milan Spending Power of Publie.. The poor business experienced Montevideo earlier in the year was dus, there- Montreal fore, to no other reason than that New York industrial conditions, especially in lo the northern areas, were bad 1 Paris have previously said at one of these Prague meetings that the well-being of your Rio de Janeiro company is definitely linked up with
Shanghai the prosperity of the country us. a
do, Stockholm, whole and, operating, as we direct with the people in every Vienna corner of these isles, this under- Yokohama ......... 24.56d. per Ten taking can be accepted as an ac- Silva (spot) curate barometer indicating the Silver Horward) extent to which the people are em- ployed. The change for the better which took place in our business and which is still continuing is a troubles heartening aiga that our are gradually being overcome and
February 13, 1934. is a happy augury for the future. ON LONDON:
Analysing the results of the year
Telegraphic Transfer,.. the fact becomes evident that the Bank Bills, on cordib increase in trading profite is not Bank Bills, 4 months'
sight commensurate with the large in- crease in your company's turnover, Credite, four months'
right There was incurred by your dir- ectors increased expenses in the ON SHANGILAI -- maintenance of the company's On Demand branches and in improving the ON SINGAPORE means of operation,
War Load
5.04
Closing Quotations
ON BATAVIA :-
ON NEW YORK:
Bank Bills, en demand 37
Credits, 80 days' sight.. nom
On demand.
BR
1/8
ON PARTS
Bank Bills, on demand 575
1/80
Credits, 4 months' sight 615
Ch 81000:-
On demand
OR MANILA
83%
On démand
ON BANGKU fo
-7247
On demand
Telegraphic Transfer...) Hank, on demand
[PE]
On demand
The directors feel that they have' || Osi Japan:--| the support of the shareholders in On-demand incurring such increased expense ON INDIA :- as will add still further to the. efficiency of their company.
SovELKIons, Bank Buying-
Hata
BA SILK, her o
4.00 Liggett & Myers "B"
1.00* Loew's Inc.
301
Radio Corp¤.........
Sears Roebuck
1.00 Standard” Branda
Standard Gas
1.00 Standard Oil Có. of New
Jersey
Blocony-Vacuum Corpn.
1.00 Texas Corporation.
* Trane-America romania
1.00 Union Carbide & Carbon
Union Pacifio ve
United Air and Transport. United Corporation United States Steel Westinghouse E
391 392
201
·447
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