1
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Sharebrokers'
Association
Buyer Bullern
Baler Nominal
SATURDAY. MARCH 24.
Buyers
Sellars
Asian
Balsa
2014!
$1,816 $1,830 1,885/40
2138 E15
Banky H.K. Banks
*..................$1,825 Do.. (London) .......! Chartered Banks.... Mercantile Bks. HAM
£13
Do.
CH
B15
BIJ
$93
Bank of East Asia.
193
N. O. & S. BAD
$8.65
$90
Am. O. Fis. Corp: 8,
Ch. Fin. Corp Ord.
+$
16
.. Do.
Pref. 8
3315
$1
$570
$577
15:15
3278
Insuranoss
Canton Ingaran 000.....:
Underwriters
Union Insuranoc 3570 China Fires
H.K. Fires......
16.20 International Amce, 8.
Shipping"
Douglass.civ...
Bboombouts
ORISTA
!!!!
$35)
$124
$30
Indon (pref.)
333
Do. (def.)
53/1
Shells
$11
Waterbosta
»Mining
69 cts.
Amtamoks...
340
#116
#14)
130 ot.
13
$5
$71.
317
#4.63
150
36
8
HONG KONG DAILY PRESS. MONDAY, MARCH 26, 1934.
་
MONEY AND MARKETS
H.K. STOCK EXCHANGE
There seemed to be less prag- sure on the market this morning, and enquiries at current rates for a few selected issues met with
no response.
SALES
Hong Kong, Banks $1835/1840- Antamoks 68/70 cents
Telephones (Old) $24.60/241
Amusements $3
BUYERS
Hong Kong Banks $1810
LONDON EXCHANGE RATES
(BRITISH WIRELIJA ŠIRVION)
On Amsterdam Athena Belgrade Berlin .....
Sterling Farity
Bombay
1210 Florins ....375 Drachmae 276,316 Dinara 20.43: Marica Is. 6d. per Rupee 36 Helgas
Mar. 21.
7.581
535 S. 225
Mar. 29. 7.501 530 $.
277
12.89
1/6 3/32
Brussels Bucharest
Buenos Aires Copenhagen Geneva'. Helsingfors Hongkong
Lisbon
Madrid
Milan
**** 813,568 Lei 47.36d. per Peso 13.189 Kroner ... 26.99) Francs
193.23 Marka:
110 Escudos
21.91
510
384 S.O
22,994
15.80
2264
-1/8
12.84
1/8 3/32
21.87 510' 36 8:0 22.394
373*
491
38 S.O.
5.111
5.11.
19.90
PRESIDENT
LinerS
Fastest Time Hong Kong to San Francisco. Speed with Comfort,
To SAN FRANCISCO 18 Days vis Shanghai, Kobe, Yokohama, Honolulu
Fortnightly sailing
Pres, Taft ...... Apr. 10, Midnight Pre Hoover.....Apr. 21, 8 a.. Fres Piero.......May. 9, 8, Pres. Coolidge......May 19, 8 a.m Pres, Wilson ....Jane 68 á.m....:
TO VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, Yokohama
'Fortnightly sailings
Pres. Jäckson......Mar. 30, Midnighā: Pres. Jefferson... Apr. 13, Midnight Pres. Grant.Apr. 97, Midnight Pres, McKinley May 11, Midnight- Pres. Jackson ...... May 26, 8 a.m.
ROUND TRIP FARES TO EUROPE & AMERICA.
Direct Special through ratas to Europe via United States. connections with 'all Atlante lines, Choice of rail lines morces. United States and Canada, liberal stop-over privileges for Sightseeing. Full particulars upon application.
| Fortnightly via Svez to Europe & America
$290
Hotels $6.05
$1.95
Hong Kong Lands $67
15.77+
326 13/16
$625
1/6
1983
1091
1
1097
25.22). Pesatna
37 7/18
18A
Union Insurance: $570
9248 Lire
591
มา
Underwriters $1
Montevideo
50.884. per Peso
38 8.0.
$30
Douglases $354
Montreal
Antamoké '69 cents.
51/.
New York
Raubs $14, "
Oslo
4.807 Dollars 4.287 Dollars, ‘5.1.1) 18.189 Kroner
5.11+
10.90
111
Docks $141
Paris
Hong Kong Trams $21.10
194.21 France 164.25 Kronen
771 122
77 13/16
1223
70 cta!
Star Ferries 3964 Electrics STA
47 cts.
338
45.0. 1/44 17,394
48.0.
1/4 19.39
Pres. Garfield
28
28
14 sts.
2456d. per Ten
1/2 3/18
1/2 3/16"
Pros. Polk
Free Adams
194
30.
19 15/18
103 13/16
Shanghai
Stockholm
Vienas
Silver (forward)
19 15/16
91% 103 13/18
Closing Quotations
ON NEW YORK ¿~~~'
Bank Bill, on demand 37? Credits, 60 days? sight.. nom
On demand...
561
„Bank Bills,^on demand 572) -
Credits, 4 months' right 613,
March 21, 1934
*
Telegraphic Transfer... Bank Bills, on demand 1 Bank Bills, 4 months'
sight
ON BATAVIA
1/07
On Pinta-
Credita, four months'
sight
1/04
ON SHANGHAT:
ON SAIMON':-
t On Demand
On demand"
ក
ON SINGAPORE:--
OM MANILA:
Ou "demand.
€31
On" démanid
7/1
ON BANGKOK --
On demand
On demand
795
Sovereigns," Bank' Buying
Rate
1/6
BAB SILVA, per ‘os,
20
Fortnightly mailings on Saturdays via Manila, Straits, Colombo, Bombay, Buer Canal, Alexandria, Naples, Genos, Marseilles.
New York and Breton."
Pres.
Pres. Van Buren ...Mar. 31, 8 am.
Apr 14, 8 th Apr. 98, 8 am
May 12, ́B ami,”
TO
Harrison......May 26,
Pres, Hayes, ... ...June 9, 8 a.m. Preż. Johnson .............Jang 29, 8 &m Prek Monroe.....July 7, 8 a..
MANILA
Next Sailing.............. Pres. Van Bureu Mar. 81, 8 a.m.' Pres. Tal.Apr. 3, 0p.m. Pres, Jefferson ........Apr. 7, 6;p.m. Fres, Hoover........Apr. 12, 9.p.m.
Free. Garfeld... Apr. 14, 8am. Fres, Grant....................... Apr. 21, 6pm. Pres. Polk.......................... Apr 29, § am.
Connecting with 9,8,"MAYON`♫% DEBU,” ILOILO, "ZAMBOANGA “
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
FEDDER BUILDING-HONG KONG.
CANTON KRANER :—4, "KHAKÉZ ROAD,
21 cts.
$181 $4.80
$13.65
18/
S01..
31164
ax div. 70 ot.
$14
$2
$139
Balatoos...
414ote Baguio Gold,
340 Benguet Consolidated Do. Exploration; Do. Goldfield ...
30 ats
19 ots. Big Wedge ...............................
Gold Creek............
Ipo Mining.....
Itogons ...
Langkats (single) 8.
Explorations..... Shanghai-Loana 1-8,
Rauba....... „Tronch Minist
Venezuela Gold Fida.
Docks, WarTOS,
Godowns, ste"
H.E. & K. Whérrez.
| $2 30 | Providants (old)...........| $3,10 |ex div. J210
Do. - g(new)
H.R. & W. Dock
B. China Motor &
Do.
B
$140 Shanghai Docks S. $5.20 New Engineerings8. $351
Hongko
Lands, Hotels, and Bridings
H.K. Hotels.com H.K Lands... Shanghai Lands... Metropolitan Lands...
$11.20 Humphrer..... New Asia Hotel ... Asia Reslties "A"8.
Do.
75 ct.
12.
18
"
36.06 387
$24
$14
16.90
HX, Realties.........
$154
Chips Do.......
3137
Da Deboutures.
$140
120
"B".
387
Chinese Estates.......
Cotton Mig
$12.70 Ewos
3630
311
151
70
543 $131
121 $21.10
***
5154 374
..8. 112 65 er-div. $119 Sba Cattonsfold)S Do.
news. $13 Zoong Singa...S.. 875
Wing On Tortiles(9.) 376
Pubile Utiliting Tramwaya per $15.90 Peak Trama (old)...
(new)....
$97
Star Ferries
Yaumati Ferries ...
China Lights (old)...] 38.15
Da
#251
$9.20
$21.10 $211
$72
1981
$24
39.46
$9,20
Do. -(new)
Do. Rights
H.K. Electrics *****
SW4
#74) | 74.35/74
$231
Macao do.
12
Sandakan Ligits ...
Telephones (old).
3844 21.60/84
(now)... 13.70
* 324,10]: 24/60 | 24/60/|50|
$12,50
Do
$13.40 China Buses...6.
Tractions.....
Do. (pret.)...
Industrials
Malabon Sugar
Caldbeck, Yord.).
Macgregor pref.). Canton Ives **** Cements (old)
Doi (new)..
MiscellaneousS
70 ote
B/
18/10
$16
---
321
$19
32.90
$1.90
$1.90
$6.15
Корм
#971
Dairy Far
J1
Der A Winga.................
$3
Amusements ................
$9
Ch. E'tainmenta............
Constructions, (old)
Sał
121
Lane Crawfords................ $3 90- Mackintosh
$13
Da (Re) 70 ata.
ener
Nanyang Tobacco... $4.85
Bincares
Watsons
Wm, Powells
$18
$1.80 1.80
$6.85
$27+
[ox div. 30, 20
$1.75
$13
$1.70
$74
$1.80
$2
M. Greyhounds.
J
5.-C. Enterprises
12%
·United Thesare ....... §.
prim.
1040
HK. Gork Loans ‚A-$108)
Wallace Harper
$160 FX-Wing On
$130-
$180
84, B Ind G. Bonda... $2
B'hai 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 PressTM
Canton - Agente
John H. Ferguson & Co.
32, § B. C. Shameen,”
Tel. 18624
Telephones (Old) $34.40 Telephones (New) $12.70 Constructions. (Old) $1 Constructions" (New) 70. cents Govt. Loans 8 per cent Prem SELLERS
Hong Kong Banks $1830 Union Insurances $577 Wharves $115
Chinese Estates $87
Hong Kong Trams $äli: Telephones (Old) $24.00
Malabon, Sugars $14) Dairy Farms $271
THE EXCHANGE
MARKET
Saturday, March 24.
The rise in Silver in the London market yesterday of to 20 for Forward Ready and 20 1/16 for was attributed to the small offer. ings coupled with a small demand on account of China. There was very little doing, the market clós- ing idle and on the dull side. In. New York the Spot rate remained unchanged at 45. "The tone was dull.
Sterling opened in New York at 5.11 and closed at
The. 5.107. market was quiet.
Prague
Rio de Janeiro.... 28.33d. per Gold'
Yokohama
Silver (spot)
War Loan
ON LONDON:---
ON JAPAN
ON INDIA :-
Milreis
18.158 Kronor 34.58) Schillings
Telegraphic Transfer.
Bank, on demand
THE ECLIPSE OF OUR
SEA
POWER
If the general approval which has been expressed of the Govern- ment's action in bringing under one management the Cunard and White Star Companies' shipping in-
от
present century-at an accelerated puce since the end of the Great War--the agreement may have far- reaching results.
The immediate consequence of the formation of this merger will
are grievously conscious of the de- cline in this country's maritime interests.
must
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS
(INCORPORATED IN HONG KONG).
Tel. 98380 Gloucester Building, Room 308.
(BBOTER'S AMERICAN SERVICE)
New York: March 24,
Dow Jones Averages. High-1933/34. Low; Mar., 23. Mar., 24.
30 Industriale
20 Railr
20 Utilitan
40 Bonds
Commodity Inder
Change
110.74
50.16 99.80.
100,99 1.19 p
56.94
.... 25.45 47.59
37.73
19.33 28.05
47.82 26.37 .32 up"
33 up
€9,67
73:21 9246 9255
+
7
05 up
€0,44
44 up
4185 BEST 601
Aala Landa," Limited, has received the following report from their New York correspondenta, E. A. Pierce & Co. There has been no further newi of the labour situation. However, the action of the market is quite re masuring and any favourable week-end news might precipitate a brisk
rally. Wheat; Prices averaged somewhat higher as a result of the strong
up-turn in stocks. However, there was only a moderate trade, all üp-tum bringing increased pressure. Some buying was based on unfavourable, moistars reports from a wide area,
Catton: The market met with heavy selling, chiefy from European and Bombay sources. Prices advanced later, prompted by improved labour conditions and the strength of other markets.
Market Somewhat uncertain at the opening following Shanghai advice but subsequently steadied up."
But what of the merchant ship." Sterling Buyers could have obtained 1/8
the necessary complement of the terests the North Atlantic) ran-of-war of an island country 1/16 at the opening for near de-
Ocean is indicative of an awaken with "a teeming population of livery but bld 1/8 at which rates ing of the nation to the decline of 45 000.000, who
starve in the market was stagnant for a
British sea power and British sea idleness 'unless supplies of overseas large part of the morning. Busi-prestige since the opening of the food and raw material reach them ness was done for May at 1/6 5/32
regularly in ample quantity and and near buyers at 1/8 were met,
variety? British shipping of all business being done also for April
classes -- passenger liners, cargo at that rate.. The closing tone
Liners, tramps and coastal ships, for the week was sellers 1/8 for
not to mention oil tankers-has near and April; 1/6 5/32 for May
declined, with the result that an and 1/6 3/16 for June, with buy-te that the Blue Riband, of the increasing proportion of our own ers for near and April at 1/8 5/32
trade is now carried under foreign and doubtful buyers for May at
flags, an indignity to a seafaring 1/6 3/16.
people with traditions going back one thousand years; foreign ships are plying with paying freights from one British port, to another in favoured competition with Bri- tiah vessels; and in international trade, of which British ships once had one half, the competition of 1064 foreign vessels, favoured by sub- sidies, low running costs, and other factors, has placed British tonnage 80 greatly at a disadvantage that' the losses of investors in such securities mount up month" by month.
U.S.-Dollars Opened with sellers at 38 7/18 and buyers at 38 9/16. The last rate was done to a small extent, the market closing with sellers at 38 9/16 and buyers at 38 11/16, but the middle rate of 388 might have found a seller Yen 120% was quoted to Merchants.
Shanghai Dollars
In demand at 111 9/16.
Shanghai
Atlantic will be regained.
The new British vessel, on which work will be resumed in a few weeks, will be of bigger tonnage, greater length, and higher speed than any of the foreign liners, and in comfort, luxury and safety, and especially safety, will have no rival If, as the Government's plans render possible, a alster ship is laid down, a shuttle service will be maintained by these two evssels In place of three vessels at pre- sent-which will attract the cream of the passengers, of whom 70 per cent. are Americans.
Easy indications at the opening, These ships will prove, if all goes firming up latter slightly. Open-well, cheap ships to the taxpayers. ing rates were 1/4 3/18, 341 sell- for the amount of unemployment
THE TEST OF DIVIDENDS" An index to the depression of
accounts of the leading
ers, buyers at 1/41.-34 7/16. Later pay which will be saved, owing to i British shipping is supplied by thế sterling rose 1/18 to 1/41 sellers. the work provided in the ship- Latest
1/4 5/16 buyers, and Gold to 34 yards and elsewhere; will amount companies. The dividends paid in 9/18 sellers, 344 buyers.
to at least £3,750,000, and may 1933 represented a return of only possibly exceed that sum. Under 1.79 per cent on the capital in- the agreement competition between Vested. Eftinining this dividend
BERLIN SHARE the Cunard and White Star lines record in greater detail, it is
MARKET Fixed Interest : Securities Quiet
bas already ceaser, and the Cnly rivalry w be with
you
revealed that capital amounting to £41,562,817 received no dividends whatever this being made up of Ordinary or Deferred capital of £35,434,872 and of Preference capital of £8,127,945.
In these conditions on British maritime prestige and ultimately on this country's commercial The condition to which British standing will be Incalculable, air shipping has been recited is t the more so since no subsidy istotle appreciated Far more ton Mipecial to the “Hong Kong, Dally be paid. All the Government 1s Cage is available than the world's
Press" (Copyright01 doing is to provide "cheap money
Berlin, March 23. on good security. After a downward tendency in the sharemarket for the last two days, a reversal set in on Friday
partly owing to:-
decreased trade can employ but British shipowners have not been THE FIRST STEP TO RECOVERY. responsible for this state or adális,
This agreement should be re- They have, indeed, much less ton garded as merely the first step in nage than they had to 1814, For the restoration of British sea: pokeign owners, most of them un 1, the report that Germany's rawwer, which has suffered a sad peconomically supported by, Govern- steel output for February, as re-eclipse. The British Navy, in rela- ment funds are to blame for the ported in Transocean on Thurston to other term, is weaker than glut of tonnage. Since 1914 the, day, was 78 per cent. higher than
tramp tonnage, under the British. дѣ Bry
the period since in February, 1933." **
Dutch salled up the Medag has declined by 3,500,000 to 2. A firmer tone in New York way and spread havoc, while 4,000,000 tons, gross, while similar Most of the standard shares were the Britishy dag is carried by tonnage under foreign flags has consequently - higher than on
a smaller proportion of the merincreased by about 10,000,000 tons Thursday.
Turning to the fast fon". gross. cantile tonnage of the world than Fixed interest securities were quiet and not uniform; most of the at any period since the steel ship age of the world, that is the city loans being weaker, Frankfurt sailer. Those who travel by sea cargo-liners only 48.5 per cent. displaced the old and picturesque liners, intermediate liners, and city loan being an exception"ad
flies the British fag, as compared vancing 5/8 and closing at 87:
with 58.1 per cent before the Prussian 6 per cent advancing:
Great War. Fast foreign tonnage. slightly to. 102.40pm p
on the other hand, has increased:
proved 1 to 444: German Mineral
Call Money 4 3/8, Young Loan Oils Jumped 2 to 115); Bięmen- by 83.5 per cent. The British Mer» unchanged at 1932, Reichsbankshalske advanced 14 to 1474; Daim-"|chant Navy is fast approaching firmer at 1531 Dyetrusts,dropped/ler Beriz! Motory 'mrose 15 to 48); the dangerous slope which,'-unless to 1383 Salzdetfurth Potash rose 2. Lahmeyer Electrics jumped to something is done, will lead to ta
destruction. to 150, German (Stzel Trustő im?÷118--Tranisőcenni Kuo Min,”
Silver: Prices were higher, reflecting the steadiness in London and Shanghai. The reported purchase of $10,000,000 worth of silver for mos- etary use was a contributing influence. Business Done: 880,000 sharês,"
1833,
Dr.
HIGH LOW PKE SH
112 100
162
70% 3 8.00. Allied Chemical & Dye
American Radiator.
Canadian Pacific....
100 Chrysler Motors
1.09 Gillette Safety
LAST SALK
291 26łbid 28ąbid
21+
Mar., 23. Mar, 24.
4.00 Air Beduction
$941 147 149
$941
98
984
487
4.00 American Can
141 141
17.
16
10
American. Smelting.
421
1342
9.00 American Tel & Tel.
118
1194
LO
5.00 American Tobacco "B"
87+
681
43.
Juž
1.00 "American Waterworks
21
Anaconda Copper Mining
21 144 142
BA
2.00 Auburn -
51号
534
Bendix Aviation
130 19
18
37
1,60. Borden. Company
221
164 17
TO
TOL
10
0.30 Caferpillar Co. .....
231
101
1. Chase National Bank
But!
51
521
648
3.40 Consolidated Gas of N.Y.
BI 391
J Curtim Wright ............
10%
· 2.00 Du Pónt de Nemours scenes.
931.
96
93
3.00 Eastman Kodak
88
824
281
Electric Auto-Lite Ce, maisa.
23
284
48
0% Mectric Bond & Share ......
Electric Power and Light.....
174 ·17
71
.168
0.40 General Electrie....
301
33
33
361371
101
108
194
41,
86--
80
314 32
31 9th Nationed Biscuit
311 321
42
1.00" National Cry=Bánk
104
1.20 National Dairy Products) 0.00 Od Elevator
101
1.60 Pacific. Gas, & Electrio
Packard Motors
191
191
331341
13
13
47.4
471
181
161
37
132
1:00 Standard, Brands
Standard Ga
164
21
211
1.00, Standard Oil Co. of New
124
13
101
100 Teks: Corporation
Trans América ........
251
254
818
189
191**** 1.00′-Union Carbklo à 81am Union Pacio
41 1251
164
343
242
14
61
67
503
37
3732
·41
101
901
27
46
1.00 General Foods
1.00 General Motors.
1.20. Gold Dost
0.60. International Harvester
International Tel & Tol. 4,00 Liggett & Myera ·“ B " 1.00 Loew's 120.
Montgomery Ward
13212 0,80 Pennsylvania Railway
Radio Corpn.
Behrs Roebuck....
Socony-Vacuum Corpn.
United Airgand.
United Corpora #DRited State
Westinghouse
Page 15Page 16
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