396
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Buyers Ballere
$1,628)
2136
216
226)
13
Sharebrokers'
WEDNESDAY. FEBRUARY 21.
Banks
H.K. Baoksinu Do. (London) ... Chartered Banks ... Mercantile Bks. "A"
Do.
Bauk of East Asia...
Association
Ballery
Вдуете
usin
| 11,820
£15
"
£28) £13
YESTERDAY'S
OFFICIAL
1
395
N. C. & S. Barks...
QUOTATIONS
$20
Am. O, Fin. Corp: 8.
On Amsterdam Athens..... Belgrade
Sterling Parity
14
Ch. Fiu. Corp. Ord. S.
Do Prof. 8
35
Insurances
Canton InsuranİCES ......
₤3:20
$310
Underwriters
Union Insurancos...
3375
$560
China Fires
10.5
$525
FI.K. Fires
$275.
3983
$6.30 International Asus, 3,
12.10 Florina .... 375 Drachiasa 270,316 Dinara ...... 20.43 Marks 1s. 6d. per Rupes :: 36 Belgas. 813,568 Lei 47.58d. per Peso 18:138 Kroner 25,224 Francs 183.93 Marks
Wb. 19 7.71. 530 B. 225
13.06
1/61
-22.201
520
1/8
*shipping
110 Escudos
$35
Douglases
...Sales
#1 z+
Steamboata
Sist.
21: Pesatas
381
930
Indos (pref.)
$30
#33
Da (def.)
$35
Hongkong Banks, $1825.
Milan Montevideo
92.40 Lire
58 15/16
30.88d. per Penc
$7 9.0.
54'4
Shells
$1/
Antamoks, 76 eta.
Montreal
4.867 Dollars
8.181
$11
170 cts.
14
$40
54 cta.
$40
Waterboats
Mining
Amtamoks
Baguio Gold
Benguet Consolidated
SIL
Bagulo Gold, 54 cts:
"
New York
4.967 Dollars
5.131
Benguet Explorations, 30 cts.
Oslo
19.00
70 cm.
Hotels, 86.20.
78 23/32
Balstcos
Humphreys, 11.20.
125
43 cia.
Realties, 36:30
11
30 eti.
Do. Exploration
3387 30 ch.
Chinese Estates, $87.
41 5.0.
Hongkong Trams, 821.85.
1/41
130 stk.
Do.
Goldfeld ...
...... 18.159 Kronor
19.391
36 at
Big Wedge...
14 oix
34.58 Schillings
281
Gold Creek.....
94.58d. per Yen
1/24
$7
Ipa
Mining.
1.#71
Ragons
20+
20 9/18
97/8
$17
$1.50
Explorativas......
Langkals (single)
7% 1021
16 80
Shanghal Loana S
$6.40
3141
Providents (New), 75 cts.
Tronoh Mince
18/.
Hotels, 84.30.
36 Venezuela Gold Fids.
તુ
China Lights (Old), $94.
Docks, Warren,
Godowns, ata.
China Lights (New), $9.40. Electrics, $76.
February 91; 1934,,
ON. LONDON ---
$118
H.K. & K. Wharves.] ›
"118)
Macao Electrics, 8231.
$1.61)
76 sta.
Providents (old), ***
Govt. Loans, é per cent. Prem.
Do." (B)...85 at.
$13.
H:K. & W. Docks
$14
Sellers.
Telegraphic Transfer! Bank. Bills, on demand Bank Bills, 4 months'
sight
16
ON BATAVIA
On demand
1/61
ON PARIS
$2
8 China Motoru.* A'
39
Credits, four months'
$8
Do.
HB
Union Insurances, 8575.
sight
1701
$146
Shanghai Dooku &
$6,80
New Engineerings8.
$148
$01
China Underwriters, 81.
ON SHANGHAI:
ON SAIGON
Op Demand
110
HONG KONG DAILY PRESS, THURSDAY, FEBRUARY 22, 1934.
MONEY AND MARKETS
H.K. STOCK
if
MARKET
LONDON EXCHANGE RATES
MDIFOW.
To-day being the eve of Settle-Berlin ment Day, the bulk of trading was Bombay for the adjustment of accounts to Brussels
and Bucharest Hotels, Electrics China Lights, however, were in Buenos Aires demand not so much for Settle Copenhagen ment purposes as that they aP-Geneva peared to be wanted by an ele-Helsingfors ment with no Settlement connec-Hongkong tions.
Lisbon ....
Madrid
(BRITISH WIRELESS SERVICE)
351 9.0. 22.40
16.051
226
100%
Telephones (Old), $254. Telephones (New), $12.
#
Buyers
H.K. Fire Insurances, $283. Docks, 813.80.
Providents (Old), 82.60.
Paris Prague
Rio de Jancіго
Shanghai Stockholm Vienna Yokohama Silver (spot) Silver (forward) War. Loan
13.150 Kroner 124.21-Franca 164.25 Kronen 28.800. per Gold Milreis
Closing Quotations
ON NEW YORK:—
225 12.851 1/8 3/32 21,831
516
361 8.0.. 32.40
15.811
2281
Bank Bills, on demand, 580
Credits, 4 months' right 620
Oa demand
13
PRESIDENT
Fastest Time Hong Kong to San Francisco. Speed with Comfort.
TO SAN FRANCISCO 18 Days via Shanghai, Kobe, Yokohama, Honolulu
Fortnightly sailings
...Feb. 24, 19 a..
Pres, Hoover Pres. Cleveland...Mar. 13, Midnight Pres. Coolidge ...Mar. 24, 10 am. Pres. Taft ...... Apr. 10, Midnight Prea: Hoover - Apr. 21, Midnight
To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailings Prot. Grant....... Mar. 2 Midnight Pro McKinley ...Mar. 16, Midnight Pres. Jackson.....Max. 30, Midnight Pres. Jafferson Apr. 13, Midnight Pres. Grant....Apr. 97, Midnight
ROUND TRIP FARES TO EUROPE & AMERICA," Special through ratée to Europe via United States. Direct ocanections with all Atlantin lines. Choice of rail lines SCTDIR United States and Canada, liberal stop-over privileges for
Sight-seeing. Full particulars apon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings on Saturdays via Manila, Straita, Colombo, Bombay, Suor Canal, Alexandria, Naples. Genoa, Marseilles, New York and Boston.
Pres. Johnson......Mar. 8,6 am." Mar. 17, 8am. "Prea. Monroe
Pres. Van Buren...Mar. 31,8 Pres, Garfield Apr. 14, 82.
Pres. Paik......
Apr 28, 8am. Pres, Adams....... May 13, 8 a.m. Pres. Harrison...May 26, 6 am. ...June 9, 8 a.m. Pro Hates.4.
TO MANILA, R
Next Sailing......Pres. Grant Feb. 24, 6 p.m.
Pise. Johrson....Mar. 3,88 Pres. Cleveland ...Mar. 6, 8 p.m. Pres. McKinley ...Mar. 10 6pm.
Pres. Coolidge Mar. 15,9 p.m.
Pres. Monroe.........Mar. 17, 9 am). Free. Jackson....Mar. 24, 6.p.m Prea Van Buren... Mar 31, 8 am Pros. Taft
Apr. 3, 6 păr.
Connecting with 3.8. MAYON To CEBU, ILOILO, ZAMBOANGA
རྟོ
DOLLAR STEAMSHIP
LINES
AMERICAN MAIL LINE
FEDDER 'BUILDING-KONG Haire.
CARTON BRAKOK!—4, WAKEY ROAD.
Feb. 10. 7.581 530 S.
1/61.
1097"
37 23/32 58.1
371 8.0.
3.101
5.06
19:90
1291
41*8.0.
141
19.391
284
1/2 7/32
201
201
102 3/16
Bank Bills, on deniand 38 Creditá, 60 days' sight.. nom
661
$354
Hongkows
ON SINGAPORE -
ON MANILA:--
Landa, Hotels, and
On demand
Buildings
ON JAPAN:-
On demand
ON BANDEGE →
56.30
$8.30
$73
13:0 *$14
$6.30
$11.20
H.K. Hotels
161
34.38
Op demand..........................
120)
On demand
1146
$137
$140 120
HK Lands.........B. Shanghai Lands.......9. Metropolitan Landa
H.E. Renlties......... Chias Doda Do. Deboutdres S. Hamphreys
New Asis Hotel Asin Realtic "A"S. Do. "B" 5.
Chinese Estates.....
$731
ON INDIA-
SOVEREIGNS, Bank Buying
Rate
-1/62
Baak, on demand
16.30
201
::
121,86
Tramways
$15.90 Poak Trame (old)....
Do. (now)...
Star Ferriça ******** Yanmati Ferries... $23
*DI
387
Cotton Mille
113)
Ewos
!!
- $13.30)
$119
S'hai Cottons.......
8134
Boong Blogs
S
$119 $131
$70
Wing On Textiles(9.)} $71 ·
Public Utiliting
$21.80lex div......
sind
37+
194)
395
124)
***
39.46
China Lights (old)... 39.75
Do.
· (now)...
59.50 $91 $9.35
183]
Macao do.
$2
Sandakan Lights...
Telephones (old)
$1340 China Buses
5
18).
Tractions) ..............................
Do. (prof.).... Industrials
•
181
$19
312
$3
$7.10
ex d
1274
$1
Do, Rights
H.K. Electrics $76
Do. (new) FIRA
3142 Malabon Sugara
Caldbeck, Tori.) 8. Macgregora (prof.)8: Canton Ice .......... Cementa (comb.)...
Do. (old)... Do. (now).-
Fopes
MiscellaneouA
Dairy Farmna cenas Der A Wings.****** Amusemente.*****
3101 Ch. Etainments......
Constructions, (oldj)
$21
-37.60 Watsons
**AAA!!
38.20
***
$28.95
$15
$1.90
$9.90 $2.80
101
ax div. $274
.$2.
25 110 $1.90
154 ote.
Do.
(new)00 ata 156 cts.
54.10
Lane Crawford.................
$4.10
Mackintosha.......
Nanyang Tobacco... $4
$13.20 Bincare ********
$1.63
WE. Powells
113k 87,80 $1.10
$2
M, Greyhounds
$11
S. C. Enterprises
i
$2
United Theatrem...8.
B
B.
Lai, G. Bonds..."ε0°/
H.E. Gort Loans.. 08
$8
$195
$130
Wallace Harper,
$140 AK. Wing On
A'bd
Do.
Asia Lands Limited
Gloucester Building Tel. 26691 (Two lines)
We offer you a complete brokerage service for the purchase or sale of
New York Securi.
44°
-gratis-upon
Daily quotations sent request. See our investment news on the Financial Page of
The Hongkong (Dally; Press,
Camion „Agenta
John H. Ferguson & Co.
32, B. C. Shameen
Tel. 18624.
THE EXCHANGE
ས ཀཱ ''
MARKET
MESSRS. ROZA BROS. REPORT
Silver prices were lower yester- day to the extent of for both deliveries, the quotations being 20 for Ready. and 20.5/16 for Forward. Silver advices attribut- ed the fall to China having sold. Speculators bought at the decline, The tone was uncertain at the close. In America the rate was lower at 46. The tone was steady at the drop.
New York advices reported the opening rate at 5.09 and the clos- ing rate at 5.014. The market was easy...
Market
The market was quiet, the tone being easy during the early part of the morning but towards the close the market steadled up owing to some selling pressure on the part of speculators.
Sterling
Telegraphic Transfer...
BAR SILVER, per cz,
A GOLD BULLION STANDARD
Opinion In The City
(Special Air Mall Service.)
London, February -3. The United States has returned to gold by establishing an interna- tional gold bullion standard. The event is of outstanding importance, not only to the United States, but to the world generally, and the gold countries in particular, since It may prove to be the first' essen- tial step to the restoration of a common international monetary standard--one of the most im- There were sellers after the portant essentials to the restors opening at 1/6 8/32, buyers bld-tion of international trade, which ding 1/8 11/32. A small business at present is little more than one done at 1/8 5/18 for cash followed third of its 1929 value. It is true later by transactions at 1/8 11/32 that the President has the power, for near-1/6 March and 176 13/32 should he think it necessary in the April. Towards the close 1/6 was interests of the public, to reduce also arranged for cash. The max-
the gold value of the dollar to 50 ket closed with sellers at 1/6 11/32 per cent.: but that is merely a for cash, 1/6 March and probably precautionary matter; indeed, every 1/6 13/32 April. buyers at 1/32 sovereign State has the power to higher respectively.
fix its currency at whatever figure It chooses. The cardinal Tact is that he has fixed the gold measure
U.S. Dollars-
American as has been the case recently-from other partles for shipment to the United States for the sake of the considerable proft that can be made on such ship- ments. The Paris-London exchan- ge Anished at -77.27-321,, which indicates that à further rise in the sterling price of gold will take place to-day. The Paris-New York exchange declined from 15. 93f-to $15.50f later recovering to 15.011. As this rate 18 substanti ally above the parity of the new gold dollar, shipments of gold beyond those arranged yesterday. amounting to £2,500,000, are ex- pected to take place. The pound followed the dollar step by step in its deprecation yesterday, the New York rate for sterling being unchanged on the day at 84071.
The Gold
A loss of gold by the gold countries There were sellers early in the of the dollar at 59.06 per cent. .01 to the United States is likely to be morning at 384, buyers bidding 381. its former value, and is prepared the immediate effect of the pew Subsequently offers. t. 384 were freely to buy or sell gold on the development. Such a movement is accepted for March delivery fol-basis of $35 an ounce in the inter the inevitable outcome of the under- lowed by transactions at 38 13/16 national market. It should be valuation of the dollar, which arises April. At this stage the market noted that very few tountries that figured up to 334 March at which have been on gold since the War from the fact that the rise in Ameri tan prices has been insufficient to rate some business was done, 32 have done other than adopt the offset the depreciation in the dollar, 15/16 was also arranged towards bullion standard The domestiche gold countries would not have the close for April delivery. The use of gold com has virtually been concerned in the depreciation market closed with sellers at 38 cesend. 31/16 hear, 301 March and 38-15/16 higher April buyers at 1/16 respectively.
livery.
Ten
ij.
Shanghai: Dollars
of the dollar if American commodi- ty prices had risen to an extent, at Effect On Markets
desat sufficient to offset this depre The President's announcement ciation. The riseta American took most irazkets by surprise, and prices since the doller began to Merchants were quoted at 1271 consequently the full effect; at his depreciate, however, has been equal for near delivery.
decision will not be felt at once, little more than 50 per cent. of Because they were uncertain as to what it should have been. The Were quoted at 110g for near de- whether the Treasury intended to main concern of the gold countries, accept gold in unlimited quantitiese well as that of other countries from abroad at $36 an ounce, and with relatively stable currencies, is Shanghai
whether gold would be exported the future course of American Business was done early in the should the exchange move against prices. If thes should rise strongly morning at 1/4 for February der the dollar bullion dealars in the strain on the gold countries livery Lites the market steadied London yesterday decided to ad- will be diminished in proportion. up and towards the close there here to their practice of fixing the The immediato signs are not unfa were sellers at 1/4 13/32 April, sterling price on the bails of the yourable, for yesterday the Ameri buyers at 1/48 April
Tranc exchange, and not on the can markete reacted strongly to the dollar, Nevertheless the franc new development. If it becomes exchange was sharply affected by clear that the President is deter the American action, the Paris mined to stabilize the dolls at not London rate falling from 79-17-321 less than its present gure-confiden to 78 5-161. This caused a rise a will be recreated in those quarters of 25. 5d. in the sterling price of where hitherto it has been lacking, gold to 1358 8d. This is the and would have remained absent, as highest price on record, being 10d. long as the monetary experimente EWQ DIVIDEND
aekwon above the previous highest gure had lasted Stability of the cur Mesara Carroll Bras, have just reached last October, Yesterday's ready willigive confidence, especial received cabled advice from Shang- price was actually did. shove ly to financial circles, and tor those hal that Ero Cortos Mins, Ltd.. the French partly against #74. DF numerous chambers of commerce in have declared a final dividend of the previous day, and was due to America which have urged a return
a very keen demand for gold not to gold,
U.S. Dollars Business was done early in the morning at 341 for February. The tone was steadier towards the close with sellers at 35 for April de-
Livery.
40 cents.
..
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG).
Tel. 98380-Gloucester Building, Room 306.
(REUTER'A AMERIKAN BERVICH).
Now York: February 20.
Dow Jones Averages Bigh-7032/34. Low: Feb, 10.
30 Industrials.
10 Bails
90 Utilitien
40 Bonds'
Commodity Index 7
T
Feb. 30.
170.74
50.18 107.53
108 14
ti up
$8.94
*#95.62, -81.62
51.79
.17 up
37:73
19.33 $8.37
99.46
78.31 02:45
41:08 54.43
38.20 99.36 Bass 68 down!
107 down
.00 down
.:
Laia Landa, Limited, has received the following report from their New York correspondenta, E. A. Pierce & Co. We think that today's action was rather reassuring in-sa-much as trading sentiment had seemed to: bearish.
Whent: Fear of moisture in the South-West induced ligpidation of new crop month. Supporb was lacking, except in the case of shorts.
Cotton: Market easier on March long liquidation. However, there is an element of strength in the fact that "spot" cotton continued to be hard to buy.
Bilyer: Commission-house and foreign liquidation in sympathy with the eariness in London and Shanghai caused a decline. The Trade bought. moderately. T
Business Done: 1,$90,000 sinares:
1935. Div. HIGH Low PER. SE.
431
LAST BALE
Feb., 19. Feb, 20
112
471
a.00 Air Reduction
$103
1654 1581
$102
160
701
6.00 Allied Chemical & Dys
1043 1052
1001
491
400 American Can
16
18
*17
154
American Radiator.....
481
401
.COM
102
American Smelting.
121
1221
134
boj
9.00 American Tel. & Tel.
767
753
.5.00 American Tobacco
"
B
10%
1.00 American Waterworka” ...........
221
Б
Anaconda Copper Mining
161 * 161
54号
551
14
31
2.00 Auburn
Bendix Aviation
21
211
37
18
1.80 Borden Company
243
244
168 167-
20k
7
791 794
103
31
31
39 bid 30 bid
58+ .59
417 41
4
#
-1004
1013
91
91.
291
191
Canadian Pacific
3.1 Совото
6.50 Caterpillar Co..
1.40 Chase National Bank 1.00 Chrysler Motors... 3.40 Consolidated Gas of NY.
Curtis Wright
2.00 Du Pont de Nemours
4% & Electric Bond & Share
Electric Power and Light...
$
1092
93
48
28
10
3.00 Eastman Kodak...
Electric Auto-Lite Co-
43
10
10
0.40 General Electric
1.00 lateral Foods 100 General Motors
105 Chliette Safety 1.90 Gold Dust
0.60 International Harvestor.
International Tel.-& Te 4.00 Liggett & Myers "B" 100 Loewis Lidersins
1.80 National Bisonit
150 National Dairy Produ * 0,60|_Otis Elévátor: „23).for
18 150 PreilotDas Badilsei rjó
----Packard Kotor, Med wiec Pennsylvania Railway
Radio Corpn...... Sears Rootidie ele Booony Vogum
29/1
30
1.00 Blandard Brands
Standard Gas Sil
1.00 Standard Oil Co, of New
* Jersey
1.00 Texal Corporation
12
Trägs-America. Akiz
1.00 Union Carbide & Carbon An Union Pácité 15
United KIF Knd 'lam
United Corporation United States Steal lin
Westinghouse E. &.
#+3=85-836=276:163-7ENLPECIN SIZFELTEC
201
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