HONG KONG DAILY PRESS.
MONDAY, APRIL 2, 1934.
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Buyer Sellers
Sharebrokers'
Association
THURSDAYJ
Ballers
olmal
Вигото
MARCH 29,
MONEY AND MARKETS
LONDON EXCHANGE RATES
(BRITISH WIRELESS SERVICE.')
HARRIMAN'S WEEKLY
REPORT
SHARE MARKET
998
"₤13
593
$1,890
£188 £16
Banks
H.K. Banks
Do. (London) ....... Chartered Banka ... Mercantile Bks. "A"
Bant
Do.
East Asia.
$1,326
810
of
£3 $93.80
N. U. & 8. Banks
$20
Am. O. Fin, Corp:
**$6,85
A.
$6.70
#
Ch. Fin. Corp. Ord. 8.
Do. Pref. 8
Insurances
$318
Canton Insurances...
Underwriters
·PAMANĀ
1330 $1.25
***
Union InsuTADOSs...
$672
$578
3036
Chins, Fires att
3520
3267
H.K. Fires.................
ex div. $874
$6.20
International Assos, S.
Skipping
$38) Douglas -
#18+
Steamboats
330
Lados (pref.)
$36 #11} $30
$3.3
Do. (def.)
$35 $14
SEL
89 ats.
179 ota.
1
144 oia.137 ots
$1.10 $570
15 sta.
12.37 1/6 3/32 21.80
7.591 535 S.
12.89 18 3/32 21.98
5121
384 S.O.
Sterling Parity.
Mar. 28:
Mar, 31."
...... 12.10 Florins
7.58
... $75 Drachpac ....... 276,318. Dinars 20.49 Marks
535
225
...... 15. od. per Rupee 36 Belgas $13,588 Lei
510
47.56d. per Paso
364 S.O.
18.159 Kroner
22.391
22.99
25.22 Francs
15.81
15 87
193.23 Marks
2281
2261
1/6
1/6
110 Escudos
109 7/8
110.
25221 Pesetas
+37 7/16
37 19/32
92.48 Lire
59 11/32
59
50.88d. per Peso
38 8. O.
.377 8.0.
4.867 Dollars · 5.104
5.112
5:10 3/8
19.90
Сп Amsterdam Athens We have to report a very dull Belgrade market during the week under re- Berlin. view with business on a restricted Bombay scale, and many prices due to no Brussels support were marked down to new Bucharest low levels Sterling counters were Burnos Aires an exception however, keeping a Copenhagen..... very Arm market with Hong Kong Genera Banks transacted at $1, 825/30 and Helsingfor Investment Hongkong Unions at $5721/75. stocks tuled easier with Hong Kong Lisbon.... Lands on offer at $66, Hong Kong Madrid Trams at $20.90, Hong Kong Elect- Milan ric at 73, and Star Ferries at 697. Montevideo Telephones. (old) had sellers at Montreal
New York $23.50. Among the minor issues, Hotels dropped to a new low record | Oslo
Paris of 95.90, while Chins Lights re turned to their old levels at 88.75. Prague ...... Cements changed hands at 81.70/- Rio de Janeiro 80, closing steadier at these rates with quite a few enquiries going 81 cts. unsatisfied. Hong Kong Ropes were on offer at 86.10, and Providents (d) at $2.10, In the mining Sec- tion, Raubs were enquired at $1.10, after sales at 814.25. Antamoks were put through at 72 centa. The tone of the market at the close is dull..
$37
for
BUSINESS DUBING THE WEEK
Hong Kong Banks #1825/30
$115
$230
(75 eta
51/104 Shella
$11
Watertcata
Mining
72 ota. Amtamoks
Bajatcon $35
Benguet Consolidated
40 cts.
41 ots.
Baguio Gold
$36
25 at.
Do. Goldfield
20 ct
Do. Exploration
12 ots. Big Wedge.....
Gold Creek.
Itogons
Kailans、
13
#5
Ipe Mining...
€7
24/3
$18
Langkats (single)!
14.55
$14,10
Explorations.....8.
Shanghai Loans S.
Hautatu Tronoh Mines......
361 Venezuela Gold Fids.
Docks, Wharve, Godowna, ste.
H.K.&K. Whervos. Providents (old) ...
Dio. (new)
$13.80
$ : : : : : : : :⠀⠀⠀⠀⠀
27/
$181
BO.
19/
Bank of East Asias $93.80
501
Antamoks 72 cts
Bagulo Gold 41/45 cts.
дра
$224
Hotels $5.90/8.05
28.10
Humphreys $11.00
170 sts.
H.K. & W. Dooks...
$141
$2
38
S. China Motors' A'
Do.
32
www
$2
#6.20
#351
Hongkows
$140 Shanghai Docks S.
New Engineerings8.
D
Lands, Hotels, and
Buildings
H.K. Hotela. $5.90
$139
$61
Unions $57241/75
Realtys $6.20/25
Hong Kong Trams $21.
Ching Lights (old) 89.00/9.20 Hong Kong Electrica $73/74.30 Telephones, (old) 823.90/24.40
(new) $12.70
- do -
Cements 81.70/80
Ewos 5812.30/12.40
9
Shanghai ................ Stockholm Vienna ...... Yokohama
Silver (spat). Silver (forward) War Loan
4.807 Dollars
18.159 Kroper
124.21 Francs 164.25 Kronen. 20.93d. per Gold
Milreis
77 19/32 123
5.12
19.90
77 27/32
123 5/16
49.0.
23 1/2 3/16
18,159 Kronor 34.59 Schillings 24.50d. per Yen
4 1/8 S, 0. 1/4 1/8 19.39
1/4 19.39-
28
1/2 3/16
84%
19 7/8 19 6/16 104
Closing Quotations
ON NEW YORK:-
Bank Bills, on demand 37) Credits, 60 days' sight.. nom. ON BATAVIA :-
On. demand
BSZ
Bank Bills, on demand 8724
A
March 29, 1921
ON LONDON:---
Telegraphic Transfer... Bank Bills, on demand Bank Bille, 4 months'
aight
"
1/57
"ON PARIS :-
Credits, four months'
Light
1/01
Credite, 4 months' right 619) |
ON SHANGHAI : --
ON SAIGON :---
On Demand
1101
On demand
མ
ON SINGAPORE:-
ON MANILA: --
631
On demand
74
ON JAPAN:~~
ON BANDXOX÷-
On demand
127
. On demand.
ON INDIA:
SOVEREIGNS, Bank Buying
Telegraphic Trander.
Rate......
Bank, on demand"
BAR SILVER, per oz,
1/67
193
On demand
PRESIDENT Liners
Kong to S
Fastest Time Hong Kong
San Francisco.
Speed with Comfort.
To SAN FRANCISCO 18 Days via Shanghai, Kobe, Yokohama, Honolulu
Fortnightly sailings
Pres, Taft Apr. 10, Midnight Pres. Hoover.............Apr. 21, 8 sm. Pres. Pierce.... May.. 2, Sam Pren, Coolidge... May 18, 8am. Pres. Wilson...June 6, 8 a.m.
To VICTORIA, SEATTLE 17 Days
via Shanghai, Kobe, -Yokohama
Fortnightly sailings Pros, Jefferson......Apr. 13, Midnight Pres. Grant....Apr. 97, Midnight Pres. McKinley May 11,Midnight Free. Jackson....May 20, 8 ́a.m.
ROUND TRIP FARES TO EUROPE & "AMERICA.
Direct Special through rates to Europe via United States. connections with all Atlantae lines.
Choies of rail lines across United Stato and Canada, liberal atop-over" privileges for Sight-seeing. Full partionlara upon application.
Fortnightly via Svez to Europe & America
."
Fortnightly sailings on Saturdays via Manila, Straits, Colombo, Bombay, 18uez Canal, Alexandria, Naples, Ganda, Marseilles,
New York and Boston."
"Pres. Garfield ..........Apr. 14, 8 a.m. Pres. Polk...Apr. 28, 8 a.m. Pros Adams... May 19, 8 a.. Frea. Harrison......May 26, 8 am,
TO
Next Salling...
Prsa, Hayes June 9, 8, Pres. Johnson ......June 29, eam Pres. Monroe...July 7,8 am.
MANILA
Pres. Jefferson...Apr. 7, 6 p.m. Prea. Hoover......“. Apt. 12, §.p.m. Pres. Garfield ... Apr. 148 am.
„Pres. Taft Apr. 3, 6 p.m.
Pres. Grant Apr. 91, 6 pm. Free. Folk Apr 28,8 a.m.
Connecting with 8.8. MAYON To OEBU, ILOILO, ZAMBOANGA
DOLLAR
AMERICAN
STEAMSHIP MAIL
FEDDER BUILDING HONG KONG,
CANTON BRANUK:—4, SHAKKE ROAD,
LINES LINE
36.05
367
H.X Lands..........
$24
Shanghai Landa...8.
$14
Metropolitan Lands.
***
16
H.K. Realties...................
$15
China Dona
5137
Do Debentures3.
$12 30
$140
$20 $87
FL19
$11.20 Tumphreys.......
New Asia Hotel
Asin Realties "A"S.
Do,
Chinese Estates......
EWOB.............. Shai Coltonsfold)S.
813 Zoong Sings ......S.
Wing On Textiles (S.)
Publio Utliitios
$20.85 Tramwaya musi
$15.90 Poak Trams (old)
$75
Do.
$661
$8.15
$11 301.
".
$12.40
765 343 813% 178;
$21
$181
$71
Do.
(now)...
574
$96
Star Ferries
$87
$242
+
Taumati Ferries ***
རྞྞརཱཛཱརཱམཐ༣ ཟ*
$251
Chins Lights (old)....
88.85
38
Do. (DOW)
18.70
Do. Rights
$731
H.K. Electrics ......
$73
123
Macao do.
18
Sandakan Lights .......
$13.70 Telephones (old)
3234
Do
(new)
$121
B Tractions
$181
Do. (pref.)..r.-
Industrials
3141
$1.75
$9.20
$12.80 $13,40 China Busss......B.
$1.90
KAT
$1.90
$6,1.8'
(old)...
Malabon Bugars
$21 Caldbook, ord.) 8.
$19) Macgregors (pref.)S.
$2.00
Canton Ices
Coments..
Do.
(DOW)
Ropes ....
Miscellaneous
Dairy Farros im
Der A Wingö...some
Ch. E'tainments......
Constructions, (old) $1.70
Do.
Lane Crawforda......
Nanyang Tobacco... $4.85
Amusementa
!!!!!!!
$18
$1.80
$1.80
35.85
$271
$4
19.10
(now) 70 ota.
$3.90
Mackintoshs
113
57
$1.30
$271
#1
$3
70 ats.
$31
$21
$13
Sinceres........
Watsons
31.83
Wm. Powells
$2
M. Greyhounde
$13
S. C. Enterprises.
$2
United Thestrom....... 8%
847
B. Ind. 0.9 Bonda.... £33′′/
preva. 8
Wallace Harper.............
$140
B'hai
***
HB. Gorb. Loans..... $108)
H.K, Wing On
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 Securities
New York
upon
Daily quotations sent-gra request. See our investment news on the Financial Page of
The Hongkong Daily Press
Chumbon Agia
John H. Ferguson & Co.
32, B. O, Shameen.
Tel.:13624
CURRENT IMPORT PRICES
COTTON PIECE-GOODS AND FANCY COTTON GOODS The following reports havs been received:-
The customary spring. trade in cotton pieces-goods is slow to de- velop this season. The higher Cus- toms duties hamper transactions with the hinterland, and Hong Kong dealers are greatly restrict ing credit trading. The Canton market is being catered for, al- most entirely by Shanghai pro- ductions, which enter that port practically duty-free. Except for a few "spot" sales, the local mar- ket remains featureless.
The latest Cotton prices to hand are those of the 28th inst:-
American Mid "Spot" 6.48d. Egyptian Bakel, F.G.F.
"Sport" de...... 8.91d.
WOOLLENS
The usual business in Woollens
shipment for July/August remains to be fixed dealers, will have
up
FOREIGN EXCHANGE POLICY
Yen To Be Devalued But Extent Not
LIFE AN
Decided
Explanations given by. Mr. Taka-
hashi, Minister of Finance, and REDUCING NOTE
the
Mr. Tushima, director of Financial Affairs Bureau, in the House of Representatives in con- nection with the Bank of Japan's Purchase of Gold Bill-populariy known as the gold holding mea- sure throw light on "the Govern ment polley on foreign exchange.
CIRCULATION
Nire taxes will be payable with an additional increase of twenty per cent. from the middle of next month for a period of one year, and the amount increased will be Kwangtung stored up at the Frovincial Bank in order to dimi- nish the amount of provincial banknotes in circulation.
Asked whether the Government intends to employ gold bought under the new legislation for con- trol of foreign exchange. Govern- declared ment spokesmen have that the bill in question does not
All taxes are paid in. notes of make the control of exchange its
the Kwangtung Provincial Bank, other words.
and the surtax of twenty per cent. main objective. In
will also be payable in such paper still the Government does not intend
is to give and to employ the gold as an exchange
The reason money. The Govern- decide equalisation fund, to promptly If they wish to "secure ment is in a position to buy back confidence in these notes, and the shipment, Wool prices remain gold from the Bank of Japan in additional 20 per cent. will be put thus decreased, the very firm and with replacing costs settling Its overseas accounts, and out of circulation. As the amount
purposes. This is in- of notes is considerably above local prices, for other
tended merely to provide for cases value of these depreciated notes
will rise. It is difficult to arrange new busi-
stocks Furthermore,
of in which Japan's international ac-
The commodites affected by this ness.
counts show an adverse balance. Woollens held in Hong Kong are
and leather, are hide surtax still reported as being fairly heavy. Nevertheless there are preliminary.
regulations provided for any ac- foreign paper, Chinese joss paper, tion that may be found necessary dyes, preserved foodstuffs imported in future. It is obvious therefore, rice and agricultural products, pork that the new legislation will be ete.
According to the official state- of service for the control of ex-
ment, the surtax is imposed, en- change.
# scheme to bring the The proposed measure does not, tirely as
currency devaluation: its value of the provincial "banknotes If the notes are make premise, but as a practical pro- to par value. blem, the Government admits that stabilized before April 14, 1933, the devaluation is: inevitable. As de- surtax will be cancelled sooner. valuation depends on various - The banknotes are quoted to-day Messrs. A. R. Burkill and Sons,ternational aspects, however, its at ninety cents per dollar, and the agents of the Anglo-French Land Investment Co., Ltd. state that the latter's profit for the year ended February 28, 1934, amount- ed to Tis. 300,859.48.
ANGLO-FRENCH LAND INVESTMENT CO.
Directors Recommend Dividend and Bonus
The amount brought forward from last year's accounts was Tis. 13,079.58 making a total of Ts. 313,939.04, and after deducting the interim dividend of Tis. 77,340 paid on September 22, 1933, there is a balance at credit of Profit and Loss Account of Tis, 238,599, 1.04.
+
At a meeting of directors held on March 23, it was decided to recommend the following appro- priation at the forthcoming" an- nual general meeting of Bhare- holders to be held on Friday, April 6, at 4.30 p.m.-pay anal dividend of Tis. 8
per share (10 per cent. for
the year)
pay honus of Tis, 2 per
Abare Place to depreciation and
renewals reserve
Place to special repairs
account
116,010,00
extent - can chardly be determined at the moment, plead the Govern- ment representatives,
raise of 20 per cent, surtax in banknotes means an actual in crease of eight per cent. in silver.
Owing to the depreciation of the In regard to the suggestion that by affecting devaluation under the banknotes, many small dealers gold embargo, like America, Japan refuse to accept them on their will be able to raise domestic face value, although the Kwang- prices and balance industrial and tung Provincial Government has agricultural prices, Government issued orders that such paper spokesmen have made their be- money must be accepted every- Hef clear that Japan should not where. Lack of cash reserve at follow any policy which is still in the Provincial Bank is the cause the experimental stage This en- of the depreciation of the notes. -
Notes of "tan-dollar denomination Visages the removal of the gold embargo simultaneously with de- is not redeemed by the Bank, but valuation, re
those of ave-dollars and one-
As to whether the Government dollars denominations are redeem- will buy gold at prices higher than able. those ruling in the market, they have replied in the negative, their reason being that with the period Canton Silk Market
or extent of devaluation still im decided, this cannot be done, Fur- thermore, they have rejected the suggestion that the Government 38,070.00 should buy gold at the ruling price purely as a commercial transaction, *55,000.00 on the ground that indenhite stor
ing will involve Interest and other 6,495.35 charges, and is attended by risk” The Government spokesmen state 5,585.00 that they are unable to conduct a compulsory purchase of gold at pre- sent owned by the Bank of Japan 13,836.79 and other parties, but that they can rely on Article 4 of the Foreign 236,509.04 Exchange Control Law for that
Durpose.
Place to bad debts
reserved Donate to British Forces
Recreation Centres fund 1,000.00 Carry forward
From Kwangtung Raw Bilk Test- ing Bureau Department of Re- construction Canton, China,"
Canton Quotations.
* Dee March 28, Extra 08. 13/15 ELK, $4TON. Small Extra OB. 13/15 HK. Crack N.B. 14/18 ELK $320N Extra Extra 20/22 KK. $320N. Waste NS. Open HK 61N.
Yokohama Quotations
March 30. Yen: 550
Spot
Bourse six months.
Ten 619
NEW YORK STOCK EXCHANGE
ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG).
Tel. 98390-Gloucester Building, Boom 308.
(REUTER'S AMERICAN SERVICE)
New York: March 31. Dow Jones Averages
30 Industrials 20 Rail
20 Utilities 40 Bonds
Commodity Index
High-1933/34, Low: Mar, 29.
110.74
60.16,100.31
56.94
25.43 47.31
37.73
19.33 28.10
93.57
78.21 92.53
60.44
41.98 63.63
Mar., 31.
Change
101.85 1.54 up 47.92 .81 up 26.02.17 down, 02.09
209 up
not issued
u
Asia Lenda, Limited, has received the following report from the New York correspondents, E. A Pierce & Co. We think that the market is beginning to act quite impressively sud might run into a fair rally if wo could have any definite piece of constructive news.
Wheat: Operations started today under the provisions of the Nation al Code, hat leading commission bouses claimed that they could see no difference as far as speculative operations were concerned. A sharp rally followed a decline in sympathy with stocks..
Business Done: 810,000 shares
4 .1939:
DIV. S
LAST BALK
HLIGH -Low PEL SB.
Mar. 29. Mar, 31.
119 100
471
3.00 Air Eeduction
· $941-
$95+
70%
1001
191
8.00 Allied Chemical & Dye 400 American Canini
150
152
98
.98*
17
101
American Radiator................ *** American Sinelting...
14.
- 15
43%
45
9.00 American Tel & Tel
119
119
941
131
221
3.00 American Tobacco "B". 1.00 American Waterworks ..............
Anaconda Copper Mining
68
681
21
201
142
15
2.00 Auburn
52
53
Bendix Aviation, goi
187
19
221
223
37j
22
.16%
Mat
20k
103
J. I Case
701
721
alt 401
5
0.50 Caterpillar Co.
30
264
264
1.00 Chrysler Motors
524
18 1.60 Borden Company
Canadian Pacific
1.4 Chase National Bank
31 3.40 Consolidated Gas of N.Y.
Curtiss Wright
1091
ga
28
[10]).
10
2.00 Du Pont de Nemours...... 3.00-Eastman Rodst
Electric Auto-Lite Co..... $%& Electric Band & Share
Electric Power and Lights. 0.40 General Electric ..... 1.60 General Foods 1.00 General Motors
185–1.00%) Gillette Safety
1.20 Gold Dust......
13 0.50 International Harvester International Tel- & Tel 4.00 Liggett & Myers ∙1.00 Loew's Indepen
Montgomery Ward
80 National Honit 100 National City Bank 10 National Dairy Pre 0.60 Otis Elevators?
1.00 Pacino Gas & Electric
Packard Motors
160 Pennsylvania Railway
Radio Corpn. Sears Roebuck indu Socony Vacuum Corpa.
1.00. Standard · Brands
Standard Gus (2)
1.00 Standard Oil Co. of New
1.00 Texas Corporation
Trase-America
1.00 Uniour Carbide & Carbon
Union Pacifc
United Air and Transpo United Corporation United States Steel Westinghouse, E. & K.
861
33
ST+ 101
-401- 41
241147
31 32 31 317
$27161
15
$154
33 34
No comments yet.
Private notes are available after approval.