1934-03-09 — Page 13

12.81 1/6 3/32

21.81

15.724

HONG KONG DAILY PRESS,

FRIDAY, I

MARCH 9, 1934.

DAILY SHARE QUOTATIONS

Hong Kong Stock Exchange

Sharebrokers'

MONEY AND MARKETS

Association

THURSDAY.:

Bayscallure

Bater Nominal

Burari

Ballara

Main

MARCH 8.

H.K. STOCK

LONDON EXCHANGE RATES

Banka

$1,790

$140.

Do. (London) ...|

216

Chartered Banks ....

Mercantile Bks. "A"

"C"

£13

393

€20

鼹

Ch. Fin. Corp. Ond. S.

Do.

Prof. S

Insurances

Canton Insurance....

$320

3320

Underwriters

$1.25

$1.10

Union Insuran008 .......

1560

$5574

$5:15

China Fires

3526

H.K. Firas

$176

$285

Shipping

Douglasea

$12)

Steamboate

$30

Indos (pref.)

13.3

Do. (dof.)

56/3

Shells

H.K. Banks | $1,780|| Te

MARKET

(BRITISH WIRE SERVICE)

$18

Do.

Bank of East Asia...

.N. C. & S. Barks ....

Am. O, Fin. Corp:

£361 £13 396

YESTERDAY'S OFFICIAL

QUOTATIONS

There still seems to be a lack 1. Berlin of interest in the market, which remained dull and featureless to day. There were, however, a few Instances of firmness, displayed. Buenos Aires notably in Wharves, Star Ferries Copenhagen and Electrics, the last-named hav- Geneva ing been dealt at advancing Helsingfors rates up to $781. The balance Hongkɔng sheet of this Company just issued, discloses

Mar. 8.

11

7.533

530 .S. 22:2 12.77 1/6-9/32 21.77

Mar. 7. 1.55 530 S. 223

510

510

47.58d. per Peso

361 S.O.

361 5.0.

18.159 Kroner ·

22.40"

22.40

23.221 Franca

15.88

193.23 Marks

2261

1/61

$36 Bish

Lisbon

110 Escudos

1091

$30

$35

51

3. very sound position, and has created a favourable im- pression.

Madrid Milan

25.29 Pecetas.

92.46. Lire

37 9/32 591

59 3/16

Sales

Montevideo Montreal

50.38d., per Peso

38 8.0...

..331 8.0.

4.867 Dollars

5.091

New York

4.867 Dollars

5.062

5.08

Antamoks. 74 cts.

Amtamoka.....

178 cte.

18.159 Kroner

19.90

19.90.

Star Ferries, 8961.

194.21 Franca

77 1/18

77 1/32

$40

Balatcos

54 ota.

Baguio Gold ......

184.23 Kronen

122

1221

144 cts.

840

Benguet Consolidated

341

30 cte

Do. Exploration)

28 t

28.93d. per Gold Milreis

4 8.0.

41.S.O.

130 16

Do. Goldfield

1/41

1/41

15 ots.

Big Wedge

15 ata.

131

Gold Creek..

18.159 Kronor Schillings

19.391

19.39

28

28***

83

Ipo Mining..

24.58d. per Yen

1/2 3/16:

$71

Itogons

20 9/32

1/2 3/16 207

Wharves, 8114.

3281

Kailans ***

201

$17

Langkesta (single) 8.

$17

Docks, $141.

20 7/16 103£

?!

Explorations.

8.

143

Ewo Cottons, Sh. $12.90.

$6

Shanghai Loans S.

$5.85

Realties, 86.30.

$13.80

Star Ferries, $954.

19V-

Yaumati Ferries, $25.

$6

Electrics. 8781.

or div. 113

March 8, 1931.

*

$14

$2

$2

Telegraphic Transfer... Bank Bills, on demand Bank Bille, 4 months'

sight

6

ON BATAVIA

· 3,61

ON PARIS:-

$144

Hongkong Lands, $704.

Credits, four mouth.’

181

China Lights (old), 89.60.

sight

1/3

Cements (old), '82}.

ON SHANGHAI :---

O SAIGON:--

Cements (new), $21.

110

On demand

ON MANILA:-

On demand

631

.. On demand

· រឿង

ON JAPAN:TM*

ON BANGKOK :-

On demand

1904

On demand

1238

ON INDIA:

SOVEREIGNS, Baik Buying

Telegraphic Transfer... Bank, on demand

01

Rate

1/63

BIR SILVER, per ox.

208

Sterling Parity

Amsterdam Athens Balgrade

Bombay ".....

Brussels Bucharest

19.10 Florina 375 Drachmae 78,316 Dinars ....... 20.43 Markı I. 6d. por Rupee 36 Belgas 813,588 Lei

3351

$6.80 Internations! Assoe. S.

74 ota.

Waterhcata

Mining

714.10 Raub.........

389

$2.45

Tronoh Mines ****. Venezuela Gold Fide Docks, WharTOS,

Godowns, etc. H.K. & K. Wharros Providents (old)....

Do.

(new)

H:K. & W. Dooks

S. China Motorn' A'

Do.

Shanghai Docks S.

w

$114

80 cta.

K$

מיי

$8

$146

$6,60

New EngineeringsB.]

-$351

Hongkers ******

5

Lands, Hotels, and

Buildings

38.46

H.K., Hotels

36.45

$700

HK Lands..........

$70

$24

Shanghai Lands... 9.

$14

Metropolitan Lands..

$6.30

H.E. Realties..... 58

$15

Chins Do

3137

Do. Debentures S.

111.20 Humphreys .....

$87

New Asia Hotel

Anis Realties

Do.

"A"S.

Chinese Estates.......

$140

"B".

Cotton Mill

312,90

EwOB

$119

S'hai Cottons.......

813 Zoong Singa

S.

$70

Public Utilities

378 $23

Wing On Textiles(8)| 172

$21.76 Tramwaya .....

161

In

Electrics. $78, $78). Telephones (old). $25.

Buyers

Hongkong Banks, $1,790, Union Insurances, 8562). Underwriters, 81.10.

Douglases, $357,"

Oslo

Paria ...... Prague

Rio de Janeiro

Shanghai

Stockholm

Vienna........ .....34.58

Yokohama

Silver (spot)

Silver (forward)

War Loan

Macao Electrics. $231.

Telephones (old). $24.65.

Telephones (new), $121.

Canton Ices, $2.10.

Lane. Crawfords, $4.

4

Government Loans, 7% Prem,

Sellers

ON LONDON I-

H.K. Ropes, 861.

Dairy Farms, 828.

Constructions (new), 80 cts..

THE EXCHANGE MARKET

$13.30

· 119

8134

MESSRS. ROZA BROS. REPORT

$91.85

$157 $74

$204

(now)...

$81

$77

$15.90 Poak Teams (old)...

TE

Do.

(new)...

#961

$9.60

12.10

Do.

+

Macao do.

$2

++

[ex div. | $25.10

$2%

Star Ferries

Yaumati Ferries

Chins Lights (old)...] #9.<0

Do. Rights

H.K. Electrica .......

LATITI

Sandakan Lights .... Telephones (old) ...

Do. (new) $12.70

$13.40 China Buses S.

Tractions.

Da. (pref.) .............! Industrial

Malabon Sugars ...

Caldbeck, ori) 2.)

$191 Macgregors f(pref.18.

· 514)

$21

12.10

$IN

Canton Ice $2 Cements (comb.)...!

Do

(old)...

$2.85

Da

(now)...

Ropes

$2.85 $6.20

128

Dairy Farman'

$271

$1

Der A Wings..

$4)

Amusemente...

32

80 ote

Miscellaneous

:: ཡོ་ལྷ

$101 Ch. Etainments...... $94

Constructions, (old).

Do.

Lane Crawfords...... $4.10 Mackintoshs.****** Nanyang Tobacco... $4:40

313.20] Sinceros name|

Watsons***talevent

Wm. Powella soncaster | “

424

80 sta

247

$1.00

1131

31.60

87.40 $1.10

-12

M. Greyhounds.......

3. C. Enterprises...

Y

12

United Theatres... 8.

84',

B. Ind. G. Bonda...

Oʻ%%

premi

เ

HB. Goyt, Loans... #106)

Wallace Harper......

#140 BX Wing Ou

S'ha Do,

......

$135

$130

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 denia

John H. Ferguson & Co.

32. B. O. Shameen.

Tel. 19624.

cr

On Demand

ON SINGAPOAK:-

226 1/61

1097

37 5/16

5.091

P% 103 13/16

Closing Quotations

ON NEW YORK:-

Bank Bills, on demand 38 Credits, 60 days' sight.. nom

On demand

Bank Bills, on demand. 58

Credita, 4 months' right 620

OVERSEA COTTON MARKETS

The Anglo-Japanese

Discussions

Bilver prices dropped 3/16 yes- terday for both deliveries, the quo- tations being 20 for Ready and 20 7/16 for Forward. Silver ad- vices attributed the drop to China Speaking at the annual meeting

Master the Oldham

Cot having sold and also to, poor sup-of port. The märket was easy. ton 'Spinners' Associations Mr. New York advice reported the Fred Mills (president), who is also opening rate at 5.07 and the clos-chairman of the textile section of the British Industries Fair, said ing rate at 5.08.

that the trade position continued so be ape of the greatest perplexity. Easy during the early part of There was continued lack of employ the morning but towards lunchment and loss of capital. time the tone reacted slightly..

Market

Sterling

that the British representatives had done their utmost to bring the Japanese delegates to serious nego tiation, and the delay was by no means due to inaction on their part. He did not wish to say one word that would make it difficult to con- duct the negotiations about to open with the Japanese. He believed they tho British Committee) had the support of the Government" in the efforts that would be made, and had Eope that success would be achieved. Is the unfortunate event of failure he believe that the ground had been prepared for putting into operation defensive measures again Notwithstanding the decision inst the devastating competition of Lancashire to drop short-time work-

Japan. at 1/61 in there had been a continuous Opened with sellers buyers bidding 1/6 5/16 resulting falling away in business with corre- in business at 1/8 9/32 for near sponding losses to workers and in and 1/6 11/32 May.

the vestors alike. The loss of a large market reacted and sellers came portion of the oversea markets had out at 1/6 5/18 resulting in a created a serious problem of surplus ainal business at 1/8" 11/32 for capacity..

that was the last few days of March. The dacket closed with sellers at 1/6 5/16 cash. 1/8 11/32 last few days of March-April, buyers at 16 11/32 for cash and 1/6 April

U.S. Dollars Business was done at 38 for cash and 38 April. The market closed with sellers at 38 11/16 for near and 38 13/18 April, buyers at higher respectively..

Ten

Later

Even if there was a satisfactory conclusion to our difficulties with Japan, India, and our various col- voies and dependencies much mained to be done, and the trade would have to continue its activities in many directions. One thing could not be too frequently emphasized, and that was that the main causes. from which the trade was suffering were outside its control and not of

own creation!

How grave could be seen by an inspection of the export figures compared with pre-War unemployment records and the number of idle mils. In the absence of effective methods for imite proving the world situation that problem of surplus capacity would become intensified until we were left with little more than the home market.

WILE

"A Central Authority.

He suggested to his fellow-spinners that if some scheme could be accept-

The whole Industrial world Mr.ed that would bind them into one Milla added, was continually being bomogeneous body under a central disorganized by the imposition of authority they would be able to deal Merchants were quoted at 128 highly protective tariffs, quotas, and more adequately with their for near delivery.

They would all the other artificial restrictions particular problems.

in addition play a more important on trade until the situation "Shanghal Dollars

approaching one of complete chaos. part in moulding a general policy Were quoted at 111 for cash.

The recent visit of the President of for the whole of the trade.

The great encroachments made in Shanghal

the Board of Trade gave him an

our oversea markets made, it im- Early advices reported the mar- opportunity of learning first hand

with business not only the position in Lancashire,perative to take the most drastic ket as being easy done at 1/4 for second half but also the intensity of the feeling steps to preserve at least the home March.. Later the tone steadied aroused by the hard blows she had market. The cotton trade was up and sellers were reported at received from all quarters of the all possible as far as its means al globa Dilatoriness on the part of lowed to bring itself up to date in 1/4 7/16 April

It should be [ the Government was intolerable, and modern equipment, U.S. Dollars

Lancashire must be satisfied that remembered that where new or dif- Business was done early in the every possible step was being taken ferent machinery and methods were morning at 341 for March. Later with the expedition and urgency required this would necessitate the sellers came out at 343 April. Chi-, that the damage to our trade da provision of new capital, and the trade would have to show it would nese speculators were inclined to manded.

be in a position to make soms return on it,

Bell.

IN THE AFTERNOON

The market was steadien in the afternoon.

Sterling

In Sterling business was done at 1/8 11/32 for 11th of March and

cash also for

and towards the close 1/8 was reported for near delivery.

The market closed with sellers at 1/8 11/32 near and 1/8 3/8 April, buyers at 1/32 higher respectively.

U.S. DollarS Business was done at 38 for cash. The market closed with sellers at 387 for near and 38 15/16 April, buyers at 1/16 higher re- spectively.

Japanese Competition

PRESIDENT Liners

13

Fastest Time Hong Kong to San Francisco. Speed with Comfort."

To SAN FRANCISCO 18 Days via Shanghai, Kobe, Yokohama, Honolulu

Fortnightly sailings

Prea. Cleveland...Mar. 13, Midnight Pres. Coolidge Mar. 24, 10a.m. Free. Taft Apr, 10, Midnight Proa. Hoover. Apr. 21, § 1m... Proe, Pierce.........May. 9, 8 am,

To VICTORIA, SEATTLE 17 Days

via Shanghai, Kobe, Yokohama

Fortnightly sailings

Pree. McKinley ...Mar. 16, Midnight Proa. Jackson.....Mar. 30, Midnight Pres. Jaffarson Apr. 13, Midnight Free. Grant .....Apr. 27, Midnight Pros. McKinley May 11, Midnight

ROUND TRIP FARES TO EUROPE & AMERICA.

Direct Special through rates to Europe vis United States. connections with all Atlantic lines. Choice of rail lines soross.. United States and Canada, liberal stop-over privileges for Sight-seeing. Full particulars upon application.

Fortnightly via Suez to Europe & America

Fortnightly sailings on Saturdays via Hanila, Straits, Colombo, Bombay, Suer Canal, Alexandria, Naples. Qonoa, Marseilles, New York and Boston,

Pres. Monroe

Pres. Van Buren.. Mar. 31, am.

Proe, Garfield

Mar. 17, 8 a.m.

Apr. 14, 8 am ......Apr. 28, 8 m.

Prez. Polk.....

Prea, Adams May 12, 8 a.m. Pres. Harrison......May 28, am, ...June 9,8 a.m..

• Prea, Hayes *** Pres. Johnson ....June 25, 8 a.m.

TO MANILA

Next Sailing....

Fros. Taft

Pres. McKinley Mar. 10, 6 p.m.

Apr. 6 pm, Pres. Jofferson ...Apr. 7,6 p.m. Pres. Hoover ...... Apr. 1, p.m. Pres. Garfield... Apr. 14, 8am. CEBU, ILOILO, ZAMBOANGA '

Pres. Coolidge.......Mar. 15, 9 p.m. Prea. Morros.........Mar. 17, 8 am. Pres. Jackson......Mar. 94. 6. pam. Pros, Van Buren... Mar. 31, 8 &

Connecting with 8.8. MAYON T

DOLLAR STEAMSHIP AMERICAN

NEW

ווי

LINES

MAIL LINE

FEDERE BUILDING-HONG KONG.

CANTON SEARCH:---4, SWAKKE ROAD,

YORK STOCK EXCHANGE

ASIA LANDS, LTD., QUOTATIONS

#

(INCORPORATED IN HONG KONG).

Tel. 28380-Gloucester Building, Boom 306.

(REUTER'S-AMERICAN SERVICE)

New York: March 7..

Dow Jones Averages High-1933/34. Low: Mar., 6.

30 Industrials 20 Rails

20 Utilities 40 Bonda

Commodity Index

11074

,50.16 103.64

56.94

37.73

99.45

644

23.43 48.09 19.33.. 25.54" 73.21 91.23 41:08 $180

Mar., 7. Change" 101.69 125 down 47.60 1.09 down 26.90

.61 down 91.93

.12 up

63.58 .25 down

Asia Landa, Limited, has received the following report from their New York correspondents, E. A Fierce & Co. Some real volume on the down sido appeared today, which naturally will be taken by technical observers as indicating lower prices. We think the weakness was partly due to General Johnson's statement that hours of work will be reduced by execu- tive order and at the same time wages increased to off-set this..

+

Wheat: Support was lacking and May liquidation was hanging over the markat which is technically healthier but needs constructive develop. ment to change sentiment.

Cotton: There was smali selling towards the close in sympathy with securities. The further narrowing of the differences between the near and far months was due to trade demand for pear deliveries.

Silver: After being easier at the opening, the market rallied on scattered local and foreign buying. The Trade is still awaiting remone-.. tisation possibilities.

Business Done: 1,730,000 shares,

Dry, %

American Radiator........

1.80 Borden Company

Canadian Pacific

281bid 272bid

33

LAST SALE

1935

HIGB

Low FEE. SE.

Mar, 6. Mar,.7.

.. $981

$992

112

474

2.00 Air Beduction

151

1481

тер

160

701

6.00 Allied Chemical & Dyo

102

994

1001

49

4.00 American Can

141

144

17

252

454

. 563

101

"American Smelting......

434

1842

B..

9.00 American Tel. & Tel........

1201

1191

942

604

+3

10

1.00 American Waterworks

5.00 American Tobacco "B"

721 70

202 201

ธ

228

Anaconda Copper Mining

151

141

55%

541

841

31

2.00 AuburD

221

B

Bendix Aviation

1.19

181

221

37.

18

161 161

201

71

--

103

30

J. I Caso

748. 712

30

281

alt

52

0.50 Caterpillar, Co.

401

101

1.40 Chase National Bank.

591

72

1.00 Chrysler Motors......

551

524

64%

31+

3.40 Consolidated Gas of N.I.

394

381

OWTI

1+

Curtiss Wright...

41

37

S

1092

321

2.00 Du Pont de Nemours....

99

...96

46

2.00 Eastman Kodak

884

861

.98

Electric Auto-Lite Co... 4

294

28

281

10

10

6% Electric Bond & Share ......

171

167

48

34

Electric Power and Light...

74

15

201

0.40 General Electric

213

214

301

21

1.60 General Foods ......

331

39%

418

10

1.00 General Motors

377"

365!

201

时

1. Gillette Safety ...

11

11

12

1.29 Gold Dust

C

104

191

270

134

0.80 International Harvester

421

401

46

4.00 Liggett & Myers "B"

International Tel & Tel.

-141

134

85

842

84

1.00 Loew's Inc.

'312 30%

38

E

35

311

2.80 National Biscuit

Montgomery Ward

311

30+

421

401

29 bid 28 bid

38

100

2

154 157

261

10%

17

.101

10%

It was a hopeless task to wake

191

313.

18

54

35)

49

13!

8

19

12)

481.

172

191

217

21xd

Standard Gue

121

22

921

1.00 Standard Oil Co. of New

Jersey ......

464

800

10/

1.00 Texsa Corporation and

·Trans-America

264

71

51%

10

1:00 Union Carbids & Carbon

444

441

132

8 Union Pacific

126

104

24

144

61

13.

541

681

30%

doing

The question of Japanese competi-such a showing while the trade re tion largely occupied the stage at mained a collection of large or sma!] the moment. I had become a umte each pursuing its own policy

one not only to this haphazard and sometimi anta formidable

An all-embracing to other competinggonistic lines, country but countries as well. Feeling in Lan- cohesive organization was required. abire was very strong and was capable of marshalling and directing growing in intensity with the passing its forces in the most erective man- of time. More or less violent meaner for combating the manoeuvres of eures and reprisals were advocated our competitors-an organization from many quarters. But it would with vision to plan and with energy by conceded by most people that to undertake new methods of pro- some sort of solution by agreement duction and of trading, and, above would be far the better course. To all, furnished with adequate powers this end he was cooperating with for carrying out its functions. Ca the sub-committee to Spinners would again have seriously others negotiate with the Japanese Dele to consider how such an organization gation, and he could assure them could be established

109

401

1.00 National City Bank *.

1.20 National Dairy Products...

0.80 Otis Elevator

1.40 Pacific Gas & Electric

Packard Motors

0,60 Pennsylvania Railway

Radio Corpo.

Sears Roebuck ........... Socony-Vacuum Corpn.

1.00 Standard Brands

United Air and Transport... United Corporation. United States Steel Westinghouse E. & M.

ཝཱཡཉྙཝཙཱནྡཊྚསྶ ཙཝཙུགྒཱཔྤཚཏྠ