1934-04-04 — Page 13

HONG KONG DAILY PRESS.

WEDNESDAY, APRIL 4, 1934.

13

DAILY SHARE QUOTATIONS

Hong Kong Stook

Exchange

Buyer Ballers

$1,820

Do. (London) ***

H

Do

"0"

Rank of East Asia...

MONEY AND MARKETS

EXCHANGE

LONDON EXCHANGE RATES

(BRITISH WIRELESS SERVICE)

19.10 Florina

The re-opening after the Easter Bombay brisk Brussels Holidays was not very

to-

day, but Banks are again report-Bucharest ed done at $1830/1835 and Unions Buenos Aires at $575.

is. 6d. per Rupee *36 Balgas ...... 813,568 Lei 47.58d. par Pesó 18.159 Kroner 26.82 FrancS 193.23 Marka

361 8.0. 22.391

535 S.

12.89 LA 3:32 21.98 512

381 8.0. 32.394. 1537

Sharebrokers'

Association

TUESDAY.

Balleru

Bale Namisel

Buyers

Maine

APRIL 3."

H.K. STOCK

*

Banks

H.K. Banks

$1,895

$1,835

1++

*

£139

£18

Chartered Banks ...

£28

Mercantile Bks "A"

B12

£13

YESTER AY'S OFFICIAL QUUTATIONS

Oa Amsterdam Athens

Sterling Parity

Mar. 96.

7.587

Mar. 31.

7.50+

.......... 376 Drachmaa

535

$83,80

393

Belgrade Berlin

976,316 Dinara 20.43 Marks

925

13.87

N. O. & S. Banka - $8,55

1/8 3/32

90

Am. O. Fin. Corp: 8,

21.90

Oh. Fin. Corp. Ord. 8.

510

Do

Prel B

Insurances

$316

Canton Insurances..

Underwriters

3310 31.35

4

$1.10

Union Insurances ...

$675

3070

3265

$525

China Firos

3525

H.K. Fires

lex div. $274

Copenhagen Geneva Helsingfors Hongkong Lisbon

16.30

Internations! Assoe, S.

Madrid

Shipping

Sales

..

Milan

3351

Douglases

$38

Hongkong Banks, $1830/1835.

#j

Steamboats

$11

Union Insurances, $575,

Montreal

$30

Indos (pret:)

$90

New York

$33

Do. (def.)

$35

"Star Ferries, $96.

S1/

Oslo

Buyers

Waterhonte

111

Hongkong Banks, $1820.

Mixing

7% cts

147 cts.

137

Exploration

21 ots.

Docks $141.

Goldfield ...

Realties, $6.

15.

61/10 Shella*...

-$11

$35

Bx dir

72 ets. Amtamoka

41) at

ez dir.] 836

25 cts,

20 th

Balatcoa......

Baguio Gold .......

Benguet Consolidated

Do.

13 ota Big Wedge

Do.

13,

Gold Creek.

$5

Ipo Mining..

Itogons

24/3

Kailans ........

271-

$18

Langkata (single) 8

$18

$4.55

Explorations......!

34.80

$5

Shanghai Loana 8,

$54

$13.80

$14.20

Tronohr Mines

19/-

Venezuela Gold Fids

83.30

...

Raubs

Ja!

$115

75 ets.

Docks, WharTOS,

"Godowns, atd.

H.K. & K. Wharves. Providents (ok) ...

'Do.

(usw).

H.K. & W. Dooks

S. Chias Motors' A'

Do.

Shanghai Docks S.

D.

Lands, Hotels, and

Buildings

$2

-SHI

12.10

70 al.

$14)

32

32 $199

$6

$138

#6.20

New Engineeringe8.

$351

Hongkows

$6.05

H.K. Hotels

PARCO $0.80

$67

H. Landa...........

#651

324

Shangbai Lands...8.

$14

Metropolitan Lands..

$5.90

H.K. Boalties......... 38.15

$15

Chins Do

i :

$137 Do. DebenturesS.

$11:20 Hophreys ......

New Asia Hotel..

Asia Realties "A" 8.

Do.

Cotton Mills

$12 30 Ewo

$140

"BB.

ང་

$87,

Chinese Estate.......

$30.85 Tramways

$15.90 Poak Trams (old)...

$12.95

$78

Sha: Cottona(old)S.

75

343

$46

Do.

8131

8134

Zoong Sings ******

$76

Public Utilities

Wing On Textiles(S.)

$78;

$27

574

$73

Do. (new)...

597

$98

Star Ferrios

Yaunisti Ferries.

$26

$8,90

Chins Lights (old)...

$8.86

$8.70

Do. (new)....

1731

38.70

$73

H.K. Electrics ****

3231

12

Do. Rights

Macao do. sabemu Sandakan Lights...

$23.70 Telephones (old)

$12.80

$13.40 China Buses S

Do.

Do. (now).. Bopos...

Miscellaneous

$271 Dairy Farma .....

$22,35

$12

ta

Other sections of the list were on the quiet side, but there are Indications that some" interest is few selected being shown for issues at present prices.

Hongkong Lands, $66.

Montevideo

Paria

Prage

Rio de Janeiro

Union Insurances, $5724:

Underwriters, $1.15 -

HK. Fire Insurances. $265. Raubs, $14

Vienna

Yaumati Ferries, $244.

China Lights (old), $8.70. Lane, Crawfords. $4.

Constructions (old), $17.

Constructions (new). 70 cts.

Sellers

Wharves, $114.

Hotels, $5.90.

Hongkong Lands. $67.

Cements (ald), $1.90.

Cements (new), $1.90,

KK, Kapes, $8.15.

Watsons, $74.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS. REPORT

Only one Silver quotation was available over the holidays, the last rate being 19 15/16 for Ready and 20 for Forward, or 1/16 up for both deliveries. The market closed quietly steady after a small business and apparently very little interest was taken on the eve of holidays. In New York the rate was the centre of. 481.

:

Shanghai

110 Escudos

25.29 Peseta,

....... 99.48 Lire 50.86d. per Peso

4.867 Dollar 4.987 Dollars 18.159 Krüler 194.21 Franc 164.25 Kronen 26.99d. par Gold

יו

: 15.81

2264

1/6.

109 7/8

37 7/18

59 11/32

38 8. Q. 5.101

5.10 3/B 19.90

77 19/32 123.

226 1/01

110.

37 19/32

593

3.TF 8.0.

5.112

5.12

··10.90-

77 27/32

123 5/16

Milreis

*

4 1/8 ; O

41 9.0.

18.130 Kronor

1/4 1/8 19.39

1/41

19.30

.....84.56

Schillings

28

*8

1/2 3/16

Yokohama

Silver (spot)

Silver (forward)

Stockholm

War Loan,

ON LONDON:-

יי ון

94.534. per Ten" 1/2 3/16

19 7/8

19 5/18

104

Closing Quotations

ON NEW YORK ?——

Bank Bille, on demand "3 Credits, 40 days sight. 301.

ON BATAVIA

PRESIDENT Liners

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

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

Fortnightly sailings Free. Taft Apr. 10. Midnight Prea. Hooverpr. 21,8 a.. Pree. Piero May 9,8 m. Fres. Coolidge...... May 10,8 am. Pres. Wilson......Jane 6, 8 am.

To VICTORIA, SEATTLE 17 Days

via Shanghal, Kobe, Yokohama

Fortnightly sailings

Pres. Jefferson. Apr. 13, Midnight Pres. Great .....Apr. 27, Midnight Prés: McKinley May 11,Midnight Pres. Jackson ....May 36, 8'am Preg. Jefferson June R, Midnight

ROUND TRIP FARES TO EUROPE & AMERICĂ.

Direct Special through rates to Europe via United States. -connections with all Atlantió lines.

Choice of rail lines across

United States and Canada,liberal atop-over privileges for Bight-seeing.", Fall particulars upon application.

Fortnightly via Suez to Europe & America

Fortnightly sailings on Saturdays vis Manila, Straita, Colombo, Bombay, Suez Canal, Alexandria, Naples, Ganos, Marseilles, New York and Bostones

Pres, Garfield Apr. 14,8 a.m. Pres. Polk.pr. 98, 8. From. Adams

May 19, 8 am. Pres. Harrison May 1 am."

June 9,8 a.m. -

Pros, Hayes Pres. Johnson.....June 23, 8 p.m

July 7, 8ami. Pres. Monroe... Pres. Van Buren ...July 21,8.a.m.

TO MANILA

Next Salling.

Pras, Hoorer.Apr. 19, p.m. Apr. 148. Pres. Garfeld... Pres. Grant... Apr. 21, 6 p.m.

Jefferson Apr. 7, 6 p.m.

Pres. Polk.. Free.

Apr 24,8&w Mer Lipp

Connecting with 8.S. MATON TO ORBU, ILOILO, ZAMBOANGA

STEAMSHIP LINES

DOLLAR

AMERICAN

March 31, 1999

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

sight

On demand

G

1/6

ON PARIŲ:

Credits, four months'

Bank Bills, on demand 8771

night

1/01

Credits, 4 months' sight 617;

ON SHANGHAI |

ON SAIGON

On Demand

1101

On demand

ON SINGAPORE:

OR MANILA:

On demand

63

On demand

ON JAPAN:--

ON BANGKOK

On demand

..........126

On demand

ON INDIA:

Telegraphic Transfer... Bank, on demand

સજ્જ

Rata ***

NEW YORK

Bas Silve, BEP OK TH VÀ M

Sterling was higher in New York at 514

Market Steady opening indications but

in Shanghaiese fotiawing the tone the market eased off to some ex- tent during the course of the mon ning.

Sterling

Was offered at the opening at 1/6 3/32 with buyers at 1/6 5/32. A small business was done at 1/8 for near, 1/6 3/16 for June and 1/8 7/32 for July. Subsequently these rates were wanted and at 1 p.m. 1/8 3/32 might possibly have been obtained, buyers bidding 1/6.

U.S. Dollars

Opening sellers 384 for near, 38 13/16 May with buyers at 38.13/16 for near and 38 for May. The done. The market last rate was

with closed at the lunch hour sellers at 38 11/16 with buyere at 38 13/16 for April delivery."

Yen

Shanghal Dollars

Shanghai Opened at 1/4 and Gold at 34 13/16 easying a little during the course of the day.

(new)

B

Tractiona emana246)

16/10

Do. (pref.)...]

Industrials

$144

Malabon Sugar

$35

$21

Caldbeck, Cord.) 8.

$19

Macgregors (pref.)8.

$2.00

Canton Ices********

$21

$1.90

Cemente (old)...

$1.80

127,"

$1.80

$1.90

183.86

111.

$8.15

Dor A Wings.........

$271

H

$3

Amusements *********

391

Ch. E'tainmenta.................

10.10

81.75

70 ot.

Do.

(new) 70 otaj

$32

Lane Crawfords.......

$3.00

$21

Mackintosha

Nanyang Tobacco... $4.05

$13

Sinceres

$71

Watsons...

$1.60

Wm. Powells

113 372 $1.10

12

M. Greyhounds...ni

$11

B.Q. Enterprises

32

United Theatres... S

847.

B. Ind., G. Bonds... 64,

prem. 8.

$8

Wallace Harper..............]

Constructions," (old) $1.70

H.K. Govt. Loans... $108

$140. H.K. Wing Ou

S'hai 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 Agents,

John H. Ferguson & Co.

32 B. C. Shameer.

Tel. 18624.

IN THE AFTERNOON

As in "the morning, very little

the after- business was done' In noon but the tone was slightly easier. The middle rate of 1/6 3/32 was not on offer although there were no open buyers the rate would probably have been taken for near, 1/6 was done for May.

SOVEREIGNS, Bank Buring

16

CHINESE RAILWAY POLICY

Question Of Defaulted Payments

Special" Air Mail Service

A communication from the Chin

Legation in London has been issued containing a statement by the Chinese Premier, Mr. Wang Ching-wei, in which he dealt at length with the Government's po- licy of economic reconstruction.

*

London, March 17. China, but in. Europe and America, and it was impossible to blame any one party or circumstance for such the cause, were failures, since complicated.

Mr. Wang emphasized that the of matured evading repayment Government had no intenton of loans and was most anxious to find Mr. Wang said that the Govern-

ways and means of meeting its ment was pledged to execute a po- lity of economic reconstruction obligations, but the first essential with the purpose of unifying the was a general revival of railway nation, the development of rail-business. With increased revenues ways and another methods of com- available, creditors' Interests would munication being one of the most be more fully protected and Mr. important features of its program Wang Hoped that foreign creditors Proof that the policy of pro-would cooperate with the Govern- me. ductive reconstruction was much ment to that end. The best proof more than an empty phrase wts of the Government's determination repay foreign railway given, he declared, by the Govern- to

ment's achievements during the obligations was afforded by the past two years, in the development fact that during the last two years discharged many such of railways, first by the construc-ft had tion of new lines, and secondly, by obligations, thereby showing not the rehabilitation of existing sys- only the desire but the ability to tems, some of which had been long carry out its pledged word. "It realized these neglected and were seriously dia- foreign creditors

facts and recognized the difficulties pldated.

cooperation that the Government was facing their sympathetic would promote the interests of both parties.

་་

The construction of railways, he Baid, obviously necessitated the expenditure of substantial sums of money, and the late Dr. Sun Yat- sen, realizing China's economic backwardness, had advocated a policy of inviting foreign capitai for investthent in Chinese railways. This policy the present Govern- ment adhered to, fully realizing that, to attract such an invest- ment, it must give adequate secur credit of the railway administra- Would probably have found bayity, simultaneously maintaining the ers at 38 with sellers, at 38 11/18.

Mon as regards existing obliga- Sterling

tions. The Government was paying Closed, with sellers at 1/61/16. for April, 1/6 3/32 'May and 1/etclose attention to this matter of June with buyers at a fraction credit, and under specifle condi- tions, it would not only welcome higher.

foreign economic cooperation, but exert all the influence within it power to safeguard the interest of creditors.

US. Dollars

HONG KONG BROKERS' ASSOCIATION

וי

MAIL LINE

TEDDER BUILDING-HONG KONG.

CANTON BRANCH 14, BAXES ROAD,

STOCK

EXCHANGE

ASIA LANDS, LTD., QUOTATIONS (INCORPORATED IN HONG KONG).

Tel. 18980 Cloucester Building, Boom 300.

(REUTER'S AMERICAN SERVIOR)

New York: April 2. Dow Jones Averages

30. Industriale

20 Railr

20. Utilitzen 40 Bonds

Commodity Index"

High-1933/34. Low: Mar., 31.

Apl., £.

110.74

58.84

50.16 101.86 25.43 47.92

Change Tar.2011 up

48.11

37.73

19:33 28.02

26.08

.19 up .06 down

93.67

6044

73.31 92.62 41.98

99.67

.05 up

53.81

Asia Landa, Limited, has received the following report from their New York correspondente, E, A. Pierce & Co. We think the market continues to give a satisfactory account of itself though the volume did not greatly increase. We believe that a few days of continued firmness would have material effect on the general sentiment.

Wheat: The market fluctuated erratically within a range of pne cent, averaging somewhat lower. Private estimates of American Winter wheat averaged 510,000,000 bushels, which was about as expected and which is construed bearish.

Cotton: Last week's buyers and old longs liquidated moderately, while there was some foreign selling of near deliveries.

Silver: Firm, reflecting the Washington news that the Silver Bloe weald make a drive this week for remonetisation.

Business Done: 1,370,000 shares,

.Div. 8

Canadian Pacific

LAST BALZ

1832

HIGH

Low Prz Su

Mar., 31. Apl,

112

47:

2.00 Air Beduction

$95

$95

160

70%

6.00 Allied Chemical & Dye

152

151

1061

49+

4.00 American Can

991

99

17

16

American Radiator........

15

15

102

1547

9.00 American Tel & Tel.

American Smelting......

45

411-

1197

1194

942

602

48

ไม่

1.00 American Waterworks

5.00 American Tobacco "B"

681

09

207

201

22

Anaconda Copper Mining

151

15.

841.21

"2.00. Auburc

631

53

6)

Bendix Aviation

197

191

18

37

1.60 Borden Company

221

201

72

V-

103

3u

J. I Case munuainm

al

51

0.30 Caterpillar Co.,

1.41 Chase National Bank

1.00 Chrysler Motors

.64

31

3.40 Consolidated Gas of N.Y.

.1#

Curtiss Wright

1081

38+

2.00 Du Pont de Nemours

.951

3:00 Eastman Kodak

86+

87

The following reports have been received:

.92

281

282

es. Electrip Bond & Share ......

171

48

15

0.40 Genere: Electric...

20

333

331

381

381

10

10

10A

20

434

40元

14

88

32

324

311

IMPORT PRICES

Cotton Piece Goods And Fancy Cotton Goods

The customary spring trade in cotton plece goods in slow to deve lop this season. The higher Cus- toms duties hamper transactions with the hinterland, and Hongkong greatly restricting dealers are credit trading. The Canton market. is being catered of almost entirely Although the Government was by. Shanghat productions, which not in a position, to repay im- enter that port practically duty "spot mediately the defaulted instalments free. Except for a few on, railway loans, Mr. Wang said sales, the local market remains National Commercial Bank, $8.70. it was determined to make satis- featureless.

for their -Unions, $575).

factory arrangements adjustment, subject to proper safeguards protecting the interests of both parties.

Buyers

Banks, $1,830.

Raubs, $13.80

Docks, $15.)

Telephones (Old) $231, Telephones (New) $121... Antamoks, 10 cents. Baguio Gold; 40 cents. Constructions (Old) $1.70: Constructions (New) 70 cents. Lane, Crawfords, $3.80. Nanyangs, $41, 2

Gold $ Bonds, -84 cents.

Sellers**** Providents (Old) $2,10. Trans, $20.99 Antamoks, 75 cents.5 Big Wedge; 15 cents."

Banks, 11,830/1,835. Hotels, $5.90. Constructions (New) 70 cents.

Mr. Wang Ching-wel admitted that not all the Government's rallway obligations had been re- adjusted and amortized, but if the Government continued to follow the policy now pursued the day

Electric Auto-Lite Co.

Electric Power and Lig

LED General Foods

1.00 General Motors

1. Gillette Safety.

1.20 Gold Dustbian

0.60. International Harvester

International Tél. & Tel. 4.00 Liggett & Myers B

A Mantgomery Ward

18

100 National City Bank

1.90 National Dairy

'211

991

8 200 Loes's le

35

9.50 National Biscuit

60

381

The latest Cotton prices to hand i are those of the 28th inst: American Mid. "Spot"

Sakel Egyptian

..6.48d

314

T.OF.

Spot"

*8.974.

Woollens

The usual business in Woollens

was coming when amortization for July August shipment still re- would be complete. Foreign mains to be fixed up and dealers will Wool creditors criticized the Govern have to decide promptly if they ment's fallure to meet obligations wish to secure shipment. on maturity, and while regretting prices remain very firm and with that this was true Mr. Wang called replacing costs considerably above attention to two points, first, local prices, it in dimicult to that failure was sometimes due to arrange new business. Further sudden and unexpected develop more stocks of Woollens held in ments in the political situation, Hongkong are still reported agi Such things happened not only in being fairly heavy.

0.60 Dis Elevator ............

150 Pacifo Gas & Electric

Packard Motors

60 Pennsylvania Railway

Radio Corpo. Senre Boebuck 8ooony-Vacuum Cor 100 Standard Brande

Standard Gas

1.00 Standard Oil Co.

Jersey

1.00 Texas Corpor Trans-America

1.00 Union Carbide 80 Union Pacific

United Air and United Corp United Flat Westinghouse

22F

341