1934-05-11 — Page 13

13

HONG KONG DAILY PRESS, FRIDAY, MAY 11, 1934.

MONEY AND

MARKETS

LONDON EXCHANGE RATES

EXCHANGE

QUOTATIONS

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers'

Association

THURSDAY.

والدة

Buyers

Halon INSTALİNAL

Num

MAY 10.

H. K. STOCK

Banks

31,840

H.K. Banks

11,803

(BRITISH WIRELESS SERVICE)

$93

:::::::::

£131 218

Fa (London) ...|.

Chartered Banks....

Mercantile Bks. "A"

£201

On Amsterdam

Sterling Parity

£15

Bo.

ис

BJ

YESTERDAY'S OFFICIAL

Athens.....

Bank of East Asia...

383

Belgrade.

N. O. & S. Barka

$6.90

Berlin

12.10 Florins » 375 Drachmae 276,316 Dinars 20.43 Marka

May 8. 7.53+ 5308.

May 0.

1.54

530 S.

225

225

12,94)

$90

Am. O, Fin. Corp: 8.

Ch. Fin. Corp. Ord. *.

Bombay

To Praž 8

at

Insurances

Canton Insurances.

1390

Underwriters

$1.30

$1.40

+1

Union Insurances ...

$625

56 5

China Fires ********

1620 5820

3930

H.K. Fires..sumasaranı

$255

¡International Assco,

$6

...

Shippin

Douglaren

$36

8124

Steamboats

$30

Indos (pref.)

133

Da. (def.)

513

Shells

Mining

Ewos made quite a recovery this

bid for afternoon, and were $11.40, bu: without much response on the sellers' part. Utilities also maintained their recent firmness, specialty Trams and Electrics, both of which improved their position, but even so were not easily to "be Among the smaller picked up. shares, Hotels in the past few days, have been taken off the market in fairly large quantities at round

siot

$30 SOL

about $5.05.

SALES

Electrics, 8731.

China Lights (old), $9.05.-

Telephones (old), $24.

Dairy Farms; $261.

Government Loans, 84% Prem.

BUYERS

HK. Banks, $1850.

Underwriters. $1.30.

Douglases, $384.

Bagulo Gold, 30 cts.

Wharves. $100.

Docks, $15.

Providents (old), $1.90."

Ewo Cottons, Sh, $11.40

Hotels. 35.95.

H.K. Trams, $211.

Star Ferries, $97.

China Lights (old), $9.

Electrics, $731.

+1.95

83

15.90) (15)

::

8: 1

Macao Electrics $25.

$2

$133

Telephones (old), $241.

Amusements, $31. -

Brussels Bucharest ..... Buenos Aires Copenhagen Genera Helsingfors Hongkong Lisbon Madrid Milan

. 1. ed. per Rupee

35 Bolgar

1/6 3/32 21.85+

510

36 8.0.

5.093

12.941

1/6 3/32

21.88

510

36 S.0.

5.101

5.12

19.90

...... 813,588 Lei 47.50d. per Peso

18.159 Kroner

22.39

22:35)

25.99 Franca

15.741

15.75)

193.23 Marka

2263

2262

175

1/51

110 Escudos

110

110

. Pesatss

37-5/18

37 11/32

92.48 Lire

60

60+

Montevideo

50.833. per Pesc

?

381 8.0.

Montreal

4.987 Dollars

New York

4.887 Dollars

5.11-131

18.159 Kroner

19.30)

Rio de Janeiro

184.91 France 164.25 Kronen · 26.99d. per Gold

77 9/32 122)

77 13/32

123}}

Milreis

43 5.0. 1/91

4+ $.O.

1/31

18.159 Kronor 34.55 Schillings 24.38d. per Yen

10.40

19.40

28

28

3/21

1/21.

19. 3/16

19)

34% 103

Oslo

Paris

Prague ........

Shanghai Stockholm Vienus.......... Yokohama ..... Bilter (spot) Silver (forward)

War Loan

ON LONDON:-

Closing Quotations

May 10, 1:31.

Bank Bills, on demand/144

: Os New Yor

19 13/16

19.13/16

-34% 1027

Bank Bills, on demand 38 Credits, 60 days' sight.. : 79

ON BATAVIA:-

On demand

Telegraphic Transfer...

Bank Bills, 4 months

sight

1/2

ON PARI:-

Credits, four months'

Bank Billa, on demand 545

sight

1/64

Credits, 4 months' sight 5

ON SHANGHAI:-

ON SAIGON:

On Demand

116

On demand

ON SINGAPORE:-

OS MANILA:

On demand

714

ON JAPAN:-**

ON BANTIKOR :-

On demand

11

On demand

ON INDIA-

SOVEREIGNS, Bank Buying

Telegraphic Transfer...

Bank, on demand

93)

Rate .....

1318

1/01

! BAR SILVER, per os.

19 3/16

On demand

PRESIDENT Liners

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

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

Fortnightly sallings Pres. Coolidge... May 10, Rain. Pres. Wilson ....Jane & 8 am, Pres. Hoover ......June 16, 6 a.m. Pres. Lincoln July 4 6am.

To VICTORIA, SEATTLE 17 Days

via, Shanghai, Kobo, Yokohama

Fortnightly sailings Pro McKinley May 11, Midnight Pres. Jackson, May. 26, 8 am, Pres. Jefferson June 8, Midnight Pres. Grant ...... June 3, Ba Fres, MoKinley July 7,5 am..

ROUND: TRIP FARES TO EUROPE & AMERICA.

Direct Special through rates to Europe via. United States.

Choice of rall lines soross ponnections with all Atlanta, lines. United States and Canada, liberal stop-over privileges for Sight-aeeing. Fall partionine upon application.

اہم

| Fortnightly via Suez to Evrope & America

Fortnightly railing on Saturdays via Manila, Straits, Colombo, Bombay. Suez Canal, Alexandria, Naples, Ganca,, Marseilles, New York and Boston,

Prel Adams....... May 12, 8 .. Pres Harrison ...... 2fay 28,

June 9,8 a.10. Pre*, Hayea... Pres. Johnson ..... June 23, 8 am

Prez Monroe... .. July 2, 4am. Pres, Van Buren. July 21,8 am

Aug. 4, 5 am. Pres. Garfield Pres. Folk....Aug. 18,

" TO MANILA

Next Sailing.

.Pres. Coolidge May 10, 9 p.m.

Pres. Adams ......... Hay 1. ara Pros. Jackson in May 19, 6 p.m. Pres. Harrison.... May 26, 8 a..

Pres. Wilson May 29,6 p.m. Pres. Jefferson. June 2,0 pm, "Fres, Hoover. ......Jane. 7, p.m.

Connecting with 8.8. MAYON T. DEBÙ, ILOILO, ZAMBOANGA

STEAMSHIP LINES

DOLLAR

AMERICAN

MAIL LINE

TEDE BUILDING KONG LONG.

CANTON BRANCH!—4, BHAKKE HOLD,

NEW YORK STOCK EXCHANGE

AMERICAN ORIENTAL. FINANCE CORPORATION

FED. INC., USA.

QUOTATIONS

Tel. 28831-Asia Life Building. 3rd Floor.

(REUTERS THROUGH. THE' AMERICAN ORIENTAL FINANCE CORPORATION)" New York: May 9.

30 at

120 ot.

311.30 Waterboate

67 ota. Amtamoks

$33] Bajatcon

Baguio Gold

$39 Benguet Consolidated $311

هان 20

18 ots

131

$7

93,6

Do, Exploration

Do Goldfeld "...

Big Wedge

Gold Creek.

Ipo Mining.

Itogons

Langkats (single)

Explorations......

Shanghai Loans

Rauba

.............

Veneruela told Fids. 56.80

$18

$450

161

$10

Tronoh Mines *9***

$7

Docks, WharvRE,

100"

$1.90

$15.

76 cts.

$133

$5.20

$350

'Godowns, ate.

H.K. & K. Wharves. 1991 Proridents (oll) ...

Bo.

(new)...

H.K. & W. Docke... S China Motors A.

Do

B

Shanghai Docks S.

New Engineerings8. Hongkewan. 'Di Lands, Hotels, szá

Buildings

H.K. Hotels H.K Lands. Shanghai Lands.., S. Metropolitan Lands..

H.K. Kemities......... China o .......... Di DebenturesS.

111.20 Humphreys .......................

Now Asia Hotel...

Auis Realties “A”í

Do.

::::::

$8.95

Jal

$25

$1.4

*5:35

Sh

$137

$11.20 Exce

173

$13.90) Posk Trains (old)...

4.

123 0

93 ats.

+++

180

97%-

$4.80

3:6

#5 85

$60

$5,40

11.10

18:

8131

3140

SZU

"B" B.

584

Chinese Estates......

Cotton M

Star Cottonsfold)S.

843

Do (new)S.

$13 ted

Zoong Sings .......

Wing On Tartiles(3.)

Public Utiliting

$211

321.15

877

Do.

(new)...

197

Star Ferries .........

+

$22$

18.

$8.10 $9.05

381

China Lightn fold).... Do، « (new)... Do.

$9.10

171

513

88,80

Rights

$73)

...... $721

1241

324

112.30

31.90

70 clv

...

::

::

::::::::::

B/.

18/10

Yannati Ferrie...]

Do. (new).

H.K. Electricn

Macao do.

Sandakan Lights

Telephones (old)

$13.20 China Buses....8..

Tractions

Do. Industrials

Malabon Sagars

Caldbeck, Yard.) 8.

Macgregora pref.18.

Canton Ice ********* Cements

$21

$10

42.90 121

Do..,

(pref.)..............

::: ::

(old)... 12 40 (new)...

$1

374

Ch. Etainmenta......

A

... Do.

34

Lane Crawfords......

Mackintoshis...ing

++

1244

124

Ropes

Miscellaneous $28) Dairy Farron ......

$13

Der A Winga.................

Amusementa seris

Constructions, (old) $1.90

(new) 70 ats.72 ots

Nanyang Tobacco... 15

Sinceras

Wm. Powells

M. Greyhounds

$1

Watsons

$6.40

$1.63

$2

31

8. C. Katerprises ....

United Theatres... 8

R

#7 Cb.G.671925G.Bds. 57%.

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

wallice Harper ......

H.K. Wing Ou

Do.

$140

Shai.

+41

Investment Securities

and Commodities.

We offer you Daily Quotation Service

and

Every Facility for Trading through our New York Correspondents E. A. PIERCE & CO..

::

320e

$4.10

'13

$5.00

Constructions (old), $1.00. Constructions (new),,,70 cts. Government Loans, 81% Prem. SELLERS

Bank of East Asia, $93. China Lights (old), 59.10.

HK. Ropes. 85.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS. REPORT

Silver prices advanced substan- tially in London yesterday, the price for both" deliveries being 19 13/16; the rise was 11/18 for Peady The small and 5/8 for. Forward.

were perhaps quantities offered. more responsible for the rise than the demard of which, however, there were some speculative in- quiries. The closing tone was wenk the market in New reflecting w York which at hi recorded & drop.

The market in New York was ad vised as uncertain.

SIMS $120

American Oriental Finance Corporation

Asia Life Bldg. 14, Queen's Rd., C

Federal Inc. U.S.A.

Hong Kong.

Tel. 26631.

Sterling opened in New York at 5.12 and closed at 5.113 with the tone without any definite indica-

tions either way.

Market

Opened at a lower level and was regarded as weakish, but steadier

| conditions prevailied later in sym

pathy with the market in Shang- hal.

Sterling

The rate was unsettled at the opening, buyers offering 1/5 3/18 with possible sellers at 1/5, but business only resulted on the basis of 1/5 1/16 for May, 1/5 3/32 Bec- ond half May. 1/6 3/32 June, 1/51 June and 1/51 May. At 1 pm there were May buyers' at 1/5 5/32 with sellers for June at that rate..

U.S. Dollars

STEEL MAKERS RECOVERY

John Brown & Co.

Special Air Mail Service

REICHSBANK

RETURNS

Drop On Note Cover

[Special to the " Hong Kong Dalis

"Press" (Copyright.)] London, April 24.

Berlin, May 9. A welcome improvement is re-

Reichsbank returns published on vealed by the accounts of Thomas Wednesday show that on May 1 Firth and John Brown, which is

the note-cover dropped to 5.4 per controlled

and by John Brown

cent. as against 5.8 on April 13. Co. and in 1931 took over the steel

and 6.8 on April 23. Goldstock business of that company. For declined 21.4 millions marks to 1933 there is a profit balance en 183.5 millions," while foreign cur- trading account, including income rencies increased 0.6 millions to from investments, of £161,017, 7.4 millions, making a net decline compared with a loss of £75,950 or 20.8 milions-between four and After meeting Interest five of which were used for paying for 1932.

102,519, instalment and charges there remains

interest of therefore. Dawes loan due within and the directors are, in a position to set aside a sub-current period-to 101.0 stantial sum for depreciation, the marks..

ment

leasehold buildings, machinery. by 139.1 million to 3522.3 million and plant since 1829, but this state- | marks-Transocean Kuo Min..

After no longer appears. making this depreciation appro- priation £17,682 is carried for- ward. All branches of the com-i pany's business, it is satisfactory

Press" (Copyright.)]

Berlin. May 9. Reichsmark quotations (without guarantee)

New York Paris

Amsterdam Paris Sterling Dollar

Dow Jones Averages High-1933/24 Low: May 8,

30 Industrials"

110.74

Change May 9, 50.16 97.18 96.71 1.45 down

20 "Rail

58.94

25.43 44.67.

43.64

43 down

20 Utilities

37.73

19.31 491

22.67

24 dowa

40 Bonds

95.21

73.21 04.21

94.30

:09 up

80,44

41.98" 54.51

53.37 1.14 down

Commodity Index 、

The A. O. F. Corp, has received the following report from their Now York correspondenta, E. A. Pierce & Ch. The inability of the market to follow throught yesterday's rally caused some selling this afternoon and it looks now as though recent low levels may get another test

Wheat: The market is purely a weather-market and rains, while not in sight, would meet a very vulnerable market. Continued dry weather is being experienced in the North West and in Canada.

Cotton: Prices opened steady on foreigu speculative demand, but eased on profit-taking and on favourable weekly weather report.

Silver: The market ignored higher cables from abroad, opening thin and being erratic all day. Prices declined sharply towards the closed on scarcity of bids.

Eastman Kodak has been placed on a four-dollar basis. The "Iron- Age" estimates steel production at sixty per cent of capacity. Business Done: 1,030,000 shares,

Canadian Pacião

J. 1. Onse...

LAST SALE

.1939

HIGH

Div. Low PER. SA.

May 8 May 9.

$ 99+

$99

111

-478

the

the

702

3.00 Air Reduction ..............ik 8.00 Allied Chemical & Dye

140

1371

984

964

1001

494

4.00 American Can

you

million

.17

American Radiator.....

141 132

411

383

|

depreciation reserve receiving an. Note issue decreased 118.2 mil- addition of £80,000. A year ago lion marks to 3521.9 millions. The the auditors report pointed out total amount of credit issued as that no provision had been made measured by bllis, cheques, for depreciation or freehold and vances, and

~56

10%

American Smelting...

-1342

કા

9.00 American Tel& Tel.....

1114

1104

DUY

5.00 American Tobacco "B" "..

714

10xd

431

1.00 American Waterworks..........................

181

171

ad-

Anaconda Copper Mining.....

15

14t

investments shrunk

842

2.00 Auburn

371

36)

Bendix Aviation

152

15xd

23

227

37%

18

100 Borden Company

-167

16

201

74

573

55

REICHSMARKS QUOTA. TIONS

103

5

31

0.50 Caterpillar Co.....

291

281

1514) Chase National Bank

28 bid 28 bld

434 43

72

1.00 Chrysler Motors

841

31+

3.40 Consolidated. Gas of N.Y.

331 331

5

11.

Curtis Wright

31

31

871

86

102

23+

2.00 Du Pont de Nemours .....

877

02

46

3.00 Eastman Kodak.................................

214

234

39.80

281

Electric Auto-Lite Co.

10

.8% & Electrie Band & Share

14

131

597.45

48

10

-51

Electric Power and Light...

..58.16

15

21

0.40 General Electric

21

20

77.34

101

L60 GeneralTM Foods

331

33

15.08

21

34

331

-Transocean Kuo Min.

10

100 General Motors

10%

-10%

1. Gillette Safety ........

201

102

12

0.80 International Harvester

361

351

46

139

-214

International Tél. & Tel.

.... 12

121

49.

4.00 Liggett & Myern “B”

92

2014.

321

311

30+

:

201

201

-

301

31

2.60 National Biscoit

391

381

-287bid 29/bla

381

169

201

104

1.80 National Dairy Products ...

157

04

0.60 Otis Elevator...

147 14

317

164

1.50 Pacific Gas & Electrio"

191

of

Packard Motora

:41

421

131

19,60 Pennsylvania Railway

32

31

193

Radio Corpn. '....................

77

121

Soara Boebucku inam

441

181

0

Socony-Vacuum Corpn...

151

153

197

37+

-121

1.00 Standard. Brands

91

221

Standard. Gas

491

231

1:00 Standard Oil Co. of New

Merseyside

43+ ·42€

30

1.00 Texas Corporation

241

92 617

Trans-America

61

1.00 Union Carbide & Carbon

402

133

609

Union Pacifoto

1951 $123

201

18%

13

United Air, and Transport..

j4k

United Corporation

In Dollars 364 and 362 were the opening quotations leading to busi- ness at 363 for May to a limited extent. Subsequently there were sellers in the market at 38 9/16 with buyers at 36 11/16 at which rate the market closed at the lunch hour..."

الادر

1191.

.Ten

Shanghai Dollars 111 3/15

-Shanghai Market

to learn, contributed to the better. [Special to the "Hong Kong Daily resulta. After a sharp fall from £840,000 to £565,000 in 1932, the balance-sheet Item "Stocks" and work-in-progress" has risen to £708,000, doubtless an indication A strong of improved business. position is disclosed by the ba lance-sheet, for apart from trade and other investments (as to the value of which the auditors are still unable to form an opinion), Boating assets amount to 21,082, 000, and current liabilities, whiched by some. £8429. Changes in no longer include bank overdraft, the balance-sheet suggest that considerable attention has been are no more than £193,000.

directed towards consolidating the Splleis Strong Balance-sheet- As indicated by the nnal divid company's position following the end announcements early this acquisition of several allled under- month the accounts of Spillers, takings in 1932, for a number of Ltd., for 1933 show a substantial these plants have been temporarily improvement on those of the pre closed, that in Glasgow being af

Net profits were fetted by Imports from: overseas. ceding year. £71,963 higher at £406,409. The Investments in subsidiaries rose bulk of the increased profits is from £325,782 to £597,052 and absorbed by the higner distribution loans to them from £31,425 to Deferred stock and the 129,248, whilst British Govern- carry forward, which is to be rais-ment securities have declined by

Rates were lower to-day, opening Rt 1/3), and 32 15/16 for Gold. The tone steadied to 1/3 7/16, and 33 for Gold but reacted later to 1/3 and 32 15/16 followed by 1/3 3/16 and 32 13/16. Steadier conditions prevalled later and a late wire placed the rate at 1/3 sellers May, 1/32 buyers June and Gold at 321 sellers May and 331 buyers June. IN THE AFTERNOON. The market was fairly steady early in the afternoon, Sterling May buyers at 36 9/16 and June of being done at 1/51 for May and buyers at 361 Gold at 38 for June delivery.

on the

...Shanghai Market

£416,938. Fixed plant and pro- perty, however, show an advance £292,895, but stocks have shrunk by £51,418, probably owing to the fall in wheat. Nevertheless

The tone eased of later to sellers The afternoon session. also open-liquid assets continue to exceed at 1/5 1/18 May and 1/5 3/32 June ed at a lower level. Sterling at current liablities by a very large with likely buyers for May at 1/5 1/3 5/16 and later 1/3 sellers, sum, and it is clear that the dir- 3/32, and June, to a small extent buyers at 1/3.7/18 and 1/3 for ectors have been able to circum- probably at 1/51. Gold was May and June respectively. Gold vent successfully whatever dial- quoted at the close at 35 7/16 moved from 32 13/18 sellers down culties arose from the Introduction

of quotas under the Wheat Act, sellers May, 38 sellers June with 'to 32 with buyers at 32 11/16.

لنوو Gold Das 1.20

100 Loew's Inc.

Montgomery Ward

1.00%| National City · Bank

Falted States Steel

Westinghouse F. & 34.