DAILY SHARE QUOTATIONS
Hong Kong Stock Exchange
Sharebrokers'
Association
Buystallere
Do. (London).... Chartered Banks ...
Do.
$1,820
HONG KONG DAILY PRESS. THURSDAY, MARCH 22, 1934.
MONEY AND MARKETS
YESTERDAY'S OFFICIAL - "QUOTATIONS »
LONDON EXCHANGE · RATES
On Amsterdam Athens
Conditions this morning were Belgrads once more dull and featureless! Berlin and enquiries even for selected Bombay Issues were poor: 7.
SALES
Hongkong Banks, $1820/1930.
Hongkong Lands, $67.
Star Ferries, 297,
Electrics, 875.
Lisbon
(BRITISH WIRALESS SERVICE: )
Sterling Parity
12.10 Florin *... 375 Drachmine 976,318 Dinars 20.43 Marks 1s. 6d. per Rupee
Mar. 19.
7.58
530 S.
225
WEDNESDAY:|:
|Namina) |
Huyars
Solare
MARCH 21."
Banka
H.K. STOCK MARKET
$1,600
1,20, 30
FI.K. Banks
2140
£15
14
228
Mercantile Bks. “A“
Mar. 20.
£13
E13
7.50
393
Bank of East Asia... 393
530 9.
N, C. & S. Barks
| $6,65
225
$20
Am. 0. Fin.Corp: 9.
12.921
12.88
Ch. Fin. Corp. Ord. 1,
1/6 1/16
35
Do. Prof. S
ti
Insurance
$315
Canton Insurance?.....
3320
31.10
Underwritera
$1.25
$865
Union Insurance $67
Raubs, $13.80.
3525
China Fires*******
Hotels: .88.10.
3283
H.K. Fires
Brussels Bucharest Buenos Aires Copenhagen Geneva Helsingfors
36 Belgns 813,588 Lei
21.87
1/6 3/32 21.92
510
510
47.56d. per Peso
38 9.0.
381-5.0.
18.159 Kroner
22.39
22.391
23.22) Francs
*15.79
15.81
193.23 Marks.
2281
2281
$280
1941
16.20 International Asace, S.
Humphreys, $11.20.
Hongkong
1/01
1/6)
Shipping
$301
$38
Madrid
110 Escudos 25.22) Pesatas
1097
1097
BIRT
$12}
92.46 Lire
37 13/32 59+
37 15/32 59k
330
Indios (pref.)
$30
Montevideo
3088d. per Pesa
381 S.O.
38 S.O.
$33
Do. (def.)
Montreal
54/46 $11
Shells
31/
New York
4.867 Dollars 4.867 Dollars
5.104
5.101
Waterboats
$11
Hongkong Banks, $1800.
Oslo
18.100 Kroner
19.80
Mining
Union Insurances, $565.
70 eta
Amtamoks
183 ct.
Underwriters," $1.10.
Prague
$40
Balatcos
46 ots.
$40
Douglases, $35).
Rio de Janeiro
194.91 France 164:25 Kronen 26.63d. per Gold.
Milreis
·77. 17/32- 122
Benguot Consolidated
$40
Shanghai
30 ot.
"Do.
Exploration.
128 età.
Stockholm
30 elb
Do. Goldfield
12 ota.
Big Wedge ...........
14 stk.
131
Gold Creek.
85
Ipo Mining.
24/6
17
313
Douglasea
Steamboats
L PR
Baguio Gold 44 sta 47
naco
14 85
$31
--
Itogona
Langkata (single):
Explorations......
Shanghai Loans
Rauba Tronoh Mines
36 Yonezuela Gold
$0.30
36.10 $67
97/-
$17
$4.65
ቀናቋ
Constructions (old), 8147
Constructions (new), 70 cts. Government Loans, 81% Frem.
BUYERS
Milan
Paris
Raubs. $133.
Docks. 814
-Bwo Cottons, Sh. $124 ex. div.
Hongkong Lands, '866)
Realties, $6.30.
Star Ferries, 996.
Telephones (new), B12), Constructions (old), $1.40.
Government Loans, 9% Frem.
SELLERS.
Vienus
Yokohams
Silver (apot).
'War Loan
Hongkong Trams, $21.
Cements (new), $1.90.
THE EXCHANGE
Silver (forward)
18.159 Kuor 3458) Schillings 24.38d. per Ten
41 8.0. 1/44
19.374
1/2 3/16
21%
191 19 15/16 103 9/16
Closing Quotations
ON NEW YORK :--
5.11
19.80
77 19/32 1221
41 5.0.
1/4 5/16
19.39 28 1/2 3/16 20 3/18
- 201
103 13/16
"Bank Billa, on demand 38.
Credits, 60 days' sight.. num' ON BATAVIA :—
On demand.06) OK PARIS:~~
Bank Bills, on demand 577) Credits, 4 months' sight 617;
$13
$13.60 ex div.
13/.
Hongkong Trams, 821.35,
Fida.
361
Docks, WharvM,
China Lights (old), $9.40. Cements (old), $1.90.
March 21; 134
ON LONDON:--
Godowns, sto.
#117
H.K. & E.. Wharves.
3118]
$240
Providents (old) $2.20
80 cts:
Do. (new)»««
Telegraphic Transfer... 1 Bank Bills, on demand Bank Bills, 4 month"
sight
**
1/6
H.K. &W, Docks
3141
Credits, four mouths'
12
S. China Motors,' A
$2
Light
1/67
$8
Do.
"B"
$140
15.20. 3351
New Engineerings3.
$2 $140 $5}
"ON SHANGHAI:--
On Demand
1101
ON SINGAPORE:-
1
On demand
63
OK BANGKOK-
On demand
1257
Telegraphic Tranaler... Bank, on demand .......
Shanghai 'Docks S.
Hongkewe...
07.
Lands, Hotels, and
Buildings
"Anis Realtius "A" S.
ED.........8. $13.00 1131
怎
H.K. Hotel
HK Tands...
#8.03.26 16 16:10 $861
$14
Shanghai Landa...S.
$14
Metropolitan Lands..
HE: Realties.
38.40
$154
China Do...............
$137
Do. Debentures 8.
31.20
Humphreys
****
New Asia Hotel
$140
$20 $87
Do.
"B" S.
Chinese Estates.
Cotton Kilia
12 lex dir.
++
1119 818
Star Cottons
LIA
Zoong Sings ......S.
$13
#76
Wing On Textiler(9.)| 171-
Public Utilities
121
$21.35
Trainways
9 / $214
$16.90 Poak Trains (old)
171
DA" (now)...
8134 571
797
Star Ferrion'
3962
$243
Taumati Yerries
$25+
19.4u
China Lights (old)........ #9.15
19 20
$76
$234
12
$1 -10-
:
$1.90
31.90
Do. (new)...
Do. Rights
$9.20
H.K. Electrian 874 3742 741/74 80
Macao do..
Bandakan Lights....
324.80 Telephones (old)
2.
-$24.80) Do. (new) $12.85 $13.40 China Buses......S. Tractions ar
BI
18/104 no. (prof.)......
Industriale.
! Malabon Sugars **
$142
$21
Caldbeck, Yord.) 9.
$19
$2.00
ay
36.15
$271
$1
5:50
170 otv.
$101
313
$7+
Macgregors (pref.)8.|
Canton Icoa
88
Cements (comb.)...
Do.
(old)...
$1.90
(DOW)...
$1.90
****
Do.
Ropes
Miscellaneous
Dairy Farm Der A Wing...........
Amsercente .........
Do. (new) 70 cta. 78 ats 70 at.
Sinceres katsocações
$15
$5.85
#174
$42
59.50
$1,85
173
$1.30
Ch. E'tainments...,)
Constructions, (old)|
Lane Crawfords...... $3 90
$21
Mackintosha
Nanyang Tobacco...] 844
Watsons
$180
W Powells
་་་་་་་་་
$2
$13
& C. Enterprises ...
M. Greyhounds...............
32
United Theatres ..... 8.
84%
B. I. G. Bonds... */
H.B. Gorb. Losin... BUSH
$8
Wallace Harper .................
J
S'hai
Da
$135 $130
8140 B.K. Wing Oa......
Asia Lands Limited
Gloucester Banding ·
We offer you a complete brokerage service for the purchase or sale of
Tel. 26631 (Two lines)
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. C. Shamsen
Tel. 13624
MARKET
MESSRS. ROZA BRŪS. REPORT
Silver prices reacted yesterday to the extent of 5/16. for both deliveries; the quotations being 20 3/16 for Ready and 20% for For- ward. Silver advices reported In- dia as having bought, Specula- tors operated both ways. The tone
ON JAPAN:-
ON INDIA:-
at the close was uncertain. In DEARER SILVER
America the rate was higher at 43
for Spot. The market was in- dicated as being steady..
New York advices reported the opening rate at 5.10 and the closing rate at 5.11.
Market
Quiet, the undertone wa not | robust.
Sterling
Business was done during the course of the morning at 1/64 for end of March and April, 1/6 0/32 second half April and also 1/6 7/32 for cash. The market closed with sellers at 1/6 7/32 March- April and 1/6 May, buyers at 1/6 March-April and 1/6 9/32 May.
U.S. Dollars Business was reported early in the morning at 38 15/16 for near. The market closed with sellers at 382 for cash/April, buyers at 38 13/16 for near and 381 April.
Yen Merchants were quoted at 1274 for near delivery.
Effect On China's Import Trade
(Special Air-Mail Service)
London, March 1. It is expected that President Roosevelt will shortly announce hilver. and the prospect of a new some new project for rehabilitating dffort to restore the métal's price to" something more nearly approa dhing its former parity with gold has given a fillip to dealings in the market Yesterday the spot price of bar silver rose to 201d which is the same as the high level reached in May last year, shortly after the gold standard was suspended in the United States, and which is thus as high a level as has been reached. since early December, 1831, some weeks after Were quoted at 111 11/16 for the suspension of the gold standard near delivery.
in this country. The highest level reached after Great Britain abandoned gold was 21 9-16d., on November 10. and again on Notem- bor 14 of the same year, while just before the suspension the price was Sellers at 34 9/16, buyers prob- 12 13-16d. Yesterday's movement ably at 34 for cash.
Shanghai Dollars
Shanghal Quiet. Sellers were indicated at 1/44 for hear, buyers at 1/4 5/10 for near delivery,
U.S. Dollars
ia the London market took the Chinese silver dollar. up to is, d., which is about the highest quota-
S. Africa Takes Over tion reached since the tast
Union Airways
ONLY 10/- IN £1 FOR OVER- SEAS CREDITORS Special Air-Mail. Service
LYNDUN, Mar. 1.
was
ON SAIGON: --
Oo" demand
ON MANILA-—----
On demand
On demand
SOVEREIGNS, Bank Buying
Rate......
BAR SILVER, per oz
........ 1241
1/6
23/18
BERLIN SHARE
MARKET
[Special to the "Hong Kong Dally Press" (Copyright).]
Berlin, March 20. Though the volume of business was relatively small prices on the sharemarket. kept on mounting. Tuesday's stimulus was the annual report of the Reichs Power Works showing an increased consumption of electricity of 12% and the as against 453 preceding year. Á year's proft of 5.25 million marks
declared dividends for 1933, where number of important companies previously there had been none.! Fixed interest securities continued dull, investors showing a strong in- clination to convert fixed interest" holdings into shares." Call-Money 4 to 4 1/8. Young Loan weakened 1/8 to 931. Reichsbank recovered 34 to 153 7/8. Dyetrusts unchang- ed "at 145. Salzdetfurth Patash not quoted, last price 1514. Ger- man Steel Trusts rose 3/8 to 4011 German Mineral Oils better to 118. Siemenshalke advanced to 1482 Schubert Salzer civil engin eers improved 21 to 177 -Trans- ocean Kuo Min
[Special to the "Hong Kong Dally Press" (Copyright.)]
13:
PRESIDENT Liners
Fastest Time Hong Kong to San Francisco.
Speed with Comfort.
To SAN FRANCISCO 18 Days
via Shanghal, Kobe, Yokohama, Honolulu
Fortnightly sailings
Pres. Coolidge ...Mar. 24, 10 an Prea Taft. Apr. 10, Midnight Pros, HooTec Apr. 91, 8 a.. Pres. Fiore.....May. 9, 8 a.m. Pres. Coolidge... May 19, 8 s.m.
TO VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
Fortnightly sailings ' Pres. Jackson......Mar. 30, Midnight Pres. Jeferson. Apr. 13, Midnight Pres. Grant
Apr. 27, Midnight. Pres. McKinley May 11, Midnight. Prem Jackson ..............May 28, 8 am, ROUND TRIP FARES TO EUROPE & AMERICA. Special through rates to Europe via United States. Direct connections with all Atlantro lines. Choice of rail lines across United Btate"and, Onnada, liberal atop-over privileges for Sight-seeing. Full particulars upon application.
Fortnightly via Suez to Europe & America
Fortnightly sailings, on Saturdays via Manila, Straita, Colombo, Bombay. Suez Canal. Alexandria, Naples, Ganes, Marseilles,
New York and Boston."
Pres. Van Buren ...Mar. 31, &a.m.
Pres. Garfield
Prok. Polk
Pres. Adams
Apr, 14,8
„Apr. 198, 8 am. May 19, 8 an
Fren, Harrison May 26, 8 am, Pres. Hayes „Jüne, 9, 8. a.mD, Pres. Johnson....June 28, 8 a.m.. Pros. Monroe.......July 7,8 am,
TO MANILA
Next Sailing......... Pres. Jackson Mar. 24, 6 p.m. Pres. Van Buren... Mar. 31, 8 a.m. Pros. Taft... Apr. 3, 6 p.m. Pr. Jefferson ... å Apr. 7, 8. p.m.
Fres. Hoover ...Apr. 17,9 pm. Fres. Garfield,.. Apr. 14, am. Pres. Grant....... Apr. 21, 6 pm.
Connecting with 8,8. MAYON To CEBU, ILOILO, ZAMBOANGA
DOLLAR
STEAMSHIP LINES
AMERICAN
MAIL LINE.
FEDDER BUILDING-HONG KONG.
CANTON BRANCH:—4, STAZEK BOAD,
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG).....
Tel. 28390-Gloucester Building, Room 303.
(BENTER'S AMERICAN SERVICHY
Dow Jones Averages. "High-1933/34. Low: Mar, 19
New York: March 20,
Mar., 20.
30 Industrials
110.74
50.16 9.28
20 Rail
06.94
25.43 47.21
20 Utilitie
37.73
19.33. 25.68
Change 101.01 1.33 up. 07.04 3 up 28.12
44 up
93,57
70.21 93.12
6044
30 up
40 Bonds
41.99 5331 53.96
Commodity Index Asia Lands, Limited, has received the following report from ther New York-correspondents, E. A. Fierce & Co. The afternoon rally was due té the Administration's move to avert the Motor Strike; However, we doubt that the fundamental situation has changed vitally and we do not feel that the rally can carry much further without additional reassuring news.
Wheat: A weak securities market and the announcement of a Whent Code which the Trade feare will further curtail trade, on account of mar gina required, caused a decline. Prices later rallied with the Stock market and on shorts.covering.
Cotton: The market is without any definite trend and is fluctuating in sympathy with news of varying import.
Silver: Predictions contained in Washington press reports that zomer kind of silver legislation would be passed by both branches of Congress by the end of the Session have made a favourable impression and the sentiment of the market is constructive..
Business Done: 1,540,000 shares,
1935,
DIY. $
FLIGH Low PER. SB.
· 191
496$
LAST SALE
Mar., 19. Mar, 102
112 160 1081
471
8.00 Air Reduction
70%
19
4.00
8.00 Allied Chemical & Dre
American Can
147
$942 148
16
+37
17
554
101
American Radiator...... American Smelting.....
14
14
41
42
1844
9.00 American Tel, & Tel.
1174
118
942
504
3.00 American Tobacco "B"
68+
684
431
10
1.00 American Waterworks"
201
201
22
&
Anaconda Copper Mining
144
143
"REICHSMARK QUOTA,
841
2.00 Auburn
51
52
227
Bendix, Aviation
177
181
TIONS
37
18.
1.80 Borden Company
231
23
90%
71
Canadian Pacific
16 171
103+
34
681
701
alg
0.50 Caterpillar Co.
281
20
40%
157.
Chase National Bank
27 bid 27 bid
But
7
1.00 Chrysler Motors....
491
528
64
21
3.40 Consolidated Gas of N.Y,
Eet
39
N
Curtis Wright.
#
4
39.5 600.07
1024
321
200 Du Pont de Nemours an
$4
054
93
3.00 Eastman Kodak
874
884
58.65
282
10
Electric Auto-Lite Co.
264
271
77.53
10
3. Electric Bond & Share 24.
161
-18
15.191
16
રા
Electric Power and Light...
71
101
0.40 General Electric
21
212
Transocean Kuo Min.
33.
334
41
360
372
201
104
101
274:
191 198
30jxd 411
14
40%
999
303
31
301
421
Berlin, March 20, Reichsbank quotations (without guarantee):
New York Paris
Amsterdam Faris Sterling Dollar,
Canton Silk Market
From Kyangtung Raw Silk Test- Bureau Department of Re- construction Canton, China,
abolished, but there is still no sign of a revival of China's demand for Lancashire cotton goods. The cele and the stocktakings &c., which brations of the Chinese New Year
are made at the same time may help to account for the paucity of the business offered by cablegram from Shangbai and elsewhere, but All air services belonging to the it may be that the appreciation in Union Airways of South Africa the Chinese dollar Is an unfavour- have been taken over by the Gov-able influence for Lanonshire trade. ernment, and will in future bo run The February issue of the "Index": under the direct control of the gen-published by the New York Trust eral manager of railways und har Company, in a discussion of the bours.
position of silver records the This action has been taken in argument that Chine's purchasing order to speed up air transport power is, in reality, inversely within the Union. Local creditora dependent on the price of silver, of Union Airways are to be paid because China has a favourable in full, but overwas creditors' are balance. of trade and must buy to be paid at the rate of 10s in the liver to make ita purchases equal 21.
its sales. In the circumstances, PS. Army Takes Over Alr Mat the argument runs, China's imports Army aircruit took over the air are "paid for with the foreign-ex- mall services of the United States change received for Chinese ex- yesterday following the cancella-porte China's ability to buy. tion by President Roosevelt of the abroad depends directly and pro contracts with the various lines, portionately on the value of world Mr. Brown, Postmaster-General currencies that it receives in pay- in the Hoover Cabinet, yoluntarily ment for its exports. A low price appeared in Washington yesterday for silver gives it the same advan- before the Senate Committee in tage inworld trade, through vestigating U.8. air mail contracts, lowered costs of production. as and denied there was either collu- other nations with depreciated car- sipn or fraud in the granting of rencies, and by stimulating exports air mail contracts during President enables it to Increase its imports Hoover's administration,
including silver itself-proportion Simultaneously he larued a pre-ately. On the other hand, an arti-again causing a fall in the price pared statement alleging that the ficially high price for silver would of silver. This would cause only Government cancellation of air prevent China from importing a temporary stimulus to imports mall contracts has destroyed the the metal and might lead to ex- which, in the long run, could only Anest air mail and passenger aer portation, thus throwing now sup- be paid for by increased exports of vice in the world.
plies on the world market and China's own producte
Canton Quotations
March 18. Extra OB. 13/15 HE #510N. "Small Extra 0.8. 13/15 H.K.
$415P.
Crack N.8. 14/16 HK. 8325P. Extra. Extra 20/22 HK, #325N, Waste NB. Open RK $80N.
B
2.80. National Biscuit
1.60 General Foodapologe
1.00 General Motors
1. Gillette Safety
1.20 Gold Dust...........
0.60 International Harvester
International Tel. & Tel. 4.00 Liggett & Myers 1.00 Loew's Inc. ...
Montgomery Ward
100 National City Banking
1.20 National Dairy Products
9.60 Otis Elevator
10 Pacific Gas & Electric
Packard Motors
AC Pennsylvania Railway.
Radio Coppa, in!
Bears Roebuck .... Socony-Vacuum Corpn.
1.00 Standard Brands
Standard Gas' manu
1.00 Standard Oil Co. of New
Jersey...
103 1.00 Taxes: Corporation
Trane America
1.00 Union Barbide & Carbon an Union Paolo!
United Air and Transport... United Corporation ........... United States Steel
ghouse: B. & BE
19
Bpot Bourse six months
Yokohama Quotations
March 20. Ten 560 Yen 581
37k
*181
29.
301
55
851
242
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