1934-05-19 — Page 13

DAILY SHARE QUOTATIONS Hong Kong Stock Sharebrokers

Buyer

$1,8451

Exchange

Balleru

Association

FRIDAY, MAY 18.

Buyers

Baberu

Bales

Banks

Do.

HONG KONG DAILY PRESS, SATURDAY, MAY 19, 1934.

MONEY AND MARKETS

THE EXCHANGE

The sliver market was support- ed widely yesterday, buyers pre- dominating. Supplies were stated to have come, entirely from Con- tinental sources. The market clos- ed somewhat quiet and not par- ticularly robust. Rates were 11/16 for both deliveries, prices having risen 9/16. Suver in New York was quoted at 41.95. The tone closed barely on the steady.

ide.

LONDON EXCHANGE RATES

· 90.49 Marks"

384 S.O.

H.K. Banks

$1,860

MARKET

2131

Bo. (London)

**

218

Chartered Banics

£164

229

Mercantile Bs. “A”

€18

$93

Bank of East Asia...

£15 $82

MESSRS. RÖZA BROS.

REPORT

N, C. & S. Barke

$6.50

$20

Am. O, Fin.Corp: S.

Ch. Fin. Corp. Ord. S.

35

No.

Pref. 8

Insurances

1322

Canton Jnaaran COF.......

+$1/47+

19

$595

an

$850

H.K. Fires.....................

$6

International Asson, B.

341

Douglase.....

#12)

Steamboat

$30

Indoa (pret)

537

Do. (col).............

61/3

Sholl's

Mining

Amtamoka

Oz Amsterdam Athens... Belgrade Berlin Bombay Brussels Bucharest Buenos Aires Copenhagen Geneva" Helsingfors Hongkong Lisbon Madrid Milan Montevideo Montreal New York Oslo Faris Prague

(BRITISH WIRELESS SERVICE).

Sterling Parity May 15.

12.10 Florins 375 Drachmae £70,318 DinaYS

7.63

530 6.

Is. 6d. për Rupee

36 Belgra 813,589 Lei 47.582. per Peso 18.159 Kroner

36.29 Francs 15.72

12.90 1/6 1/16 21.84 510

May 17. 7.52 530 S. 225 12.90 1/6 1/32 21.83

510

36 9.0.

22.39)

193.23 Marka

2261

1/42

110

Rio de Janeiro

$1.90

1610

Underwriters „******}

Union InsurancOS 294

China Fires

Skipping

$11.30 Waterboats

66 of

རུམྦཱཎྜ:」ཀྱི ༄ཎྜརྫ::

手

$33 37 st

32

120 ct.

Balatoos

Baguio Gold ..................

Benguet Consolidated

Do. Exploration

Do. Goldfield ...

Big Wedge

Gold, Eivor...

Gold Creek...

Ipo Mining,

Itogons

|67 ob5. 70 ate,137 cts.

38. et. 38 cts,|85 oka.

$230 31,80

1620

3545

$250

et.

J

..$104

$30

$33

80%-

332**

22 ċts.

13 ct..

20

12 at

27 cte

露

17

23:

3181

Kailangang Langkats (single) 8.

27%

$4.50

Shanghai Loans

Exploratione...... 3.

$181 $490

.

$51

$18

Raube

#te

17

Venezuela Gold Firis.

18.80

Docks, WharVÉS,

Godowns, ete.

$1044

H.K. & K. Wharves. | #1034|

Providents (old)

... $1.90

176 cts.

Do.

(new)

6 ota.

$IM

12

S. China Motors 'A'

18

Do.

1/2

$133

Shanghai Docka S.

$133

$5,20

New Engineerings.

351

$350

Hongkewa......

Lands, Hotsis, and

16.06

H.K. Hotels

18.10

$81

H.K Lands.......

160

$25

Shanghai Landa...8.

$14

$6.10

$16

$137

H.K. & W. Docks ... 316,90]

Buildings

311.20

Metropolitas Lands

H.K. Realtica....................... China De...........5. Do. DebenturesS.

Humphreys ...... New Asia Hotel Asin Resitis "A"S.

Do,

***

$140

$20

"B" 8.

S

$84

Chinese Estates..............

Cotton Mill

$11

$108

Ewoe

178

S'bar Cottonafold)9.

$43

Do

Kuaw)S.

......... B.

$13 Zoong Sings. S.

Wing On Textilen(S.)

Public Titlag Tramway

$15.90 Posk Trama (old).....

$5.40..

$11 367

*10.90

TO

牛

$13+

$60

$68

$21:30

$21.35

$72

Do.

(new)...]

$161 $71

$90

Star Ferries

1981

122+

Yaumati Ferries...

123

$9.

China Lights (old)...

$64

Do. (new).**

Do.

Righta

$734

$9.06 $8.80

173)

$24

12

1942

$121

.S.

824.80

$12.35

HIG

$2.55

H.K. Electrica

Macao do.

Sandakan Lights

Telephonee (old)

Do. (new)

$13.20 China Buses

8/ Tractions

| 18/11]] Do. (pref.)

***

"

The cross-rate London on. New and closed York opened at 5.101 at 5.11.

Somewhat

Market

uncertain at the opening. Steady for a while but easy later.

Sterling Opening rates were 1/5 sellers. 1/5 5/16" buyers, and the tone was so maintained for a while without business. On buyers appearing at 1/5 for May, sellers offered June delivery, which delivery was done.

was Subsequently 1/5 3/16

done for near, 1/5 3/32 June and 1/51 September. Selling rates were difcult to obtain even on small buying inquiries. At 1.p.m. there were sellers at 1/5 for May. 1/5 5/32 Jane and 1/5.3/16 July with buyers at 1/32 higher.

U.S. Dollars : Quoted at the opening. at 361 sellers, 361 buyers, but as far as is known, nothing was done except possibly one lot at 36 for May. At the lunch hour the market was 36 sellers, 36j buyers.

1201

Yen

Shanghai Dollari

Shanghai Stockholm Vienus...... Yokohama Silver (apot) Silver (forward) War Loan

37, 5/16

60 1/32

38 5.0.

110 Escudos 23.20) Pesetag 92.46 Lire 50.884. per Peso

4.887 Dolları 4.907 Dollars 18.159 Kroner 1941 Franca 164.25 Kronen 26.89d. per Gold Milreis

5,101

5.11 19,90;

22.394

15.63

2231

1/5

110.

37 5/18

60

38 S.C. 5 101 5.11

19.90) 77 7/32 1221

4 8.0.

77 11/32" 122

41 8.0.

1/31

1/31

18.159 Kroner 34.56 Schillings

19.40

19.40

28

28

24.58d. per Yen

1/21

1/2

10 5/18

19 11/16

21%

1024.

Closing Quotations

May 18, 1931

ON LONDON -

Telegraphic Transfer... Bank Bills, on demand Bank Bill, 4 months'

sight

ON NEW YORK :—

34% 102 11/16

Bank Bills, on demand 36 Credits, 60 days' sight.. 27) |

ON BATAVIA :-

On demand

591

Bank Bills, on demand 545

Credits, 4 months' sight:LF5

1/5

ON PARIB:-

Credits, four months'

ON

sight SHANGHAI-

1/54

ON SAIGON :-

On Demand

110

Ou demand........

DI

ON SINGAPORE:-

ON MANILA Imm

On demard

60

On demand

714

ON JAPAN:-

ON BANGKOK :--

On demand

On demand

1317

INDIA:-

SOVEREIGNS, Bank Buying/

Rate...

93

1/01

BAR SILVER, per oz.

10 11/0

1114, 111 3/16, 111. A fairly ex-ON tensive business was done at these rates.

M

Shanghai Market Quiet. Sterling at 1/3 7/16 sell- crs. 1/31 buyers, and Gold at 321. sellers, 32 15/16 buyers. Rates-im- proved a fraction but subsequent- ly receded to the rates, quoted "above.

ki

The

IN THE AFTERNOON

Sterling

market in the afternoon was extremely narrow, opening with sellers at 1/51. 1/5 3/32, 1/5 3:18 May June, July. Rates were talked up to 1/5 3/16 second half June, June was also Indicated, and 1.6 7/32 July. Business was done at the last rate, but a bid at 1/ 3/16 for June did not lead to bust.

ness.

At the close, for May there were doubtful sellers at 1/5 5/32, sellers 1/5, June sellers 1/5 5/32 and second half, June 1/5 3/16. Cash and June buyers 1/5 3/16.

U.S. Dollars Closing rates 36 D/16 sellers, 36 11/16 buyers for June. but for May delivery there was a possible buyer at 361.

Telegraphic Transfer... Bank, on demand

GENERAL MOTORS FUTURE

Half The Company's Shares Go To Nippon

Sangyo

An agreement has just been, Management will collect this in reached between Mr. Ayukawa, the near future, and also "double president of the Nippon Sangyo the authorised capital within the Kaisha, and Mr. Phillips, Far East- year. It is further reported that orn representative of the General the GMG. Management has ap- Motors Company, over the transfer piled in the Nippon Sangyo for the

of half the, shares of the General transfer of part of its holdings of

Motors Company of Japan-by the

latter

to the Nippon Sangyo Kaisha, reports the Japanese press.

the Jidosha Seizo shares.

The Japanese press says that the present co-operation of the Nippon The General Motors Company of Sangyo and the G.M.C. will contri- Japan is capitalised at YB,000,000, bute towards the motor car indust- fully paid, up, divided into 40,000 ry in this country." There are at shares. It is rumoured that the present over 120,000 cars in use in Nippon Sangyo Kaisha has agreed this country, and approximately to pay about Y300 a share of Y8,- 20,000 new cars are required an- 000,000 for 20,000 shares. In ad- nually. The G.M.C. and Ford pro Quietly steady at 1/3 9/16, 1/3 dition to Mr. Ayukawa, Mr. As- | duce 10,000 each, but Japan con | 1/2: 327, 32 18/18,

ahara, of the Nippon Sangyo. will cerns market only 700. join the G. M. Board.

Shanghai Market

Indusidals

112

Malabon Sugars ...

$21

Caldbeck, Tord.) 8.

$19

Macgregors (prof.)8.

32.80

Canton Icea

3265

$5

$28-

H.K. SHAREBROKERS' ASSOCIATION

$32

$3.75

$1.90

Cemente (old)...

Do. (DOW)...l

Ropes

MiscellaneoSE

$28 Dairy Farma

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

Ch. Etainments......$6.89 Constructions, (old) $1.80 $1.00

Do

Lane Crawfords.

Macitintasha

Nanyang Tobaceo... 35.10

Sinceres

Watsons

(new) 70 as.

કન્ત

70 pts.

$4

$21

$11

16.40

$1.00

Wm. Powella

M. Greyhounds

$11

8. C. Enterprises

81%

Carton

מוקדם

United Thantren ....

87 Ch.G. 5% 1925G, Bda, 16"

+2

HE, Gort, Lonni ...) #1082

38

Wallace Harper ................

$180

HK. Wing Ou

S'ha Do..

C++

Th

4.30

BUYERS

Providents (old), $1.85.

$13 $6.80

Docks, $15.20,

80 sta.

Trams, $211.

LOCAL AND REGULAR OUTWARD MAILS,

FUB

WEES DAIN.

FROX SARUNGWAN

FROM G.5,0.

BRANCH PD,

7.15 m. & $7.00 16.3. {8,00 p.m. Bamabad and Winbow (Br) | 4.00 pm,

direct item)

FROM 0.P.O.

$135 $130

ĮSUNDAYN & HOLIDAYA

FROM 8HXOXOWL

BHANGH P.O. (7757,00 mm

{5,00p.m. 17.00 p

4:00 pm. 9,00 8.75 [8,15 m. & (8 RO

1.15 pm

7.00 p.m. 4.00 p.m.

+

( 7.15 aim, &❘ ( 7.30 am,

Baadaye

Maco & Trinahan

115 p..

Zongmoon (except Saturdays)

+,00p.m.

1.80 p.m.

6.00 p.m. 6.00 p.m

8.15 ... only 6.00 p

1.30 pm Bunday 8.30 Lonly

6,00 P 6.00 p

7.16 m.

7.157.

11,00 7, 8.00

11,00

11,00

Kankong (except Baburdaya)··

Fatahan and Winbow (87)

Train)

Ju

申

Tai Bo

Chumackda

"Cheungahow

·Pisambati, Beatin Bhatia, skunkʊk and · Bheung-

400

1.00 pm £0.00 22,

{8.00

9,00 25. co 8.00

400 potte [100 p.m. &† 16.00 p

8.00.

18.80 pat 8.30 ..

800 pake

1.90

1,20

TO0 p.m.

1 & 8.00 p.

8.00

£100

8,80

10,308.2

1.00

Ferries, $99.

Telephones (old), $24.80. Telephones (new), $12.30. Cements, $240: " Entertainments, $6.90. Constructions (old), $1.85. Constructions (new), 70; cts," Gold Bonds, 86%. Amusements, $3.80.

SELLERS Providents (old); $1.95. Providents (new), 60 cts. Trama. $21.40. Constructions (old), "$1.80,

The derect incentive of the Ja- panese press, is the headway made by the two motor car companies owned by the Nippon Sangyo. Fol- lowing the establishment of the Jidosha Kogyo Kaisha. with an authorised capital of 3,200,000, through the merger of the DAT Worts

Ishikawajima and the Works, Mr. Ayukawa established a Y10,000,000 Company called the Jidosha Seizo Kaisha as a joint undertaking of the Nippon Sangyo and the Tobata. Imond Kalsha. Located at Koyasu near Yokohama, the Jidosha Belzo

Kaisha is tó start the production of motor car parts this month. Mr. Ayukawa's' negotiations with the G. M. Man- agement for the sale of these parte led to the present, transfer of the

G.M.C. shards.

The De- partment of Commerce and In- dustry has been endeavouring to establish a purely Japanese com- pany for the production of 10,000

cars. Since no immediate mater- lalisation can be hoped for, the present Nippon Sangyo-General Motors co-operation is expected to play an important role in Japan's motor car industry, concludes the Japanese press.

MARKS AND SPENCER'S

BONUS.

The improved trading conditions of the past year are fully reflected in the preliminary statement of profits by Marks and Spencer, Ltd., the well-known chain storekeepers. Gross profits increased from £MT- Established in 1927, the G.MC. 085 to £1,177,914 and after reservi of Japan has an assembly factorying £201,624 as against £150,327 in Osaka with a yearly capacity of for depreciations and renewals; 10,000 cars. All through the bust etc., net profits were : £159,532 ness depression, its profits averag- higher at £976,290, a rise of practi- ed thirty per cent and it now cally 20 per cent, on the previous owns approximately 10,000,000 in year. Taxation reserve is to re reserve. In view of the steady proceive £182,392 as compared with gress of the motor car parts in- The Kwangtung Raw Silk Test-dustry in Japan, especially the re- Ing Bureau, Department of Recon- struction, Canton, China,

CANTON SILK

MARKET

May 16.

Canton Quotations Extra OS. 13/15 HK. $4SON., Small Extra 0.3. 13/15 HK.

$390N.

Crack N.B. 14/18 HK 1280P. Extra Extra 20/29 HK, 1250OP) Waste NS. Opèn H.K, #5929.

„Tokolina Qdotations

May it. Spot

Yen 520 Bourse six months Yen 534

cent activities of the companies controlled by the Nippon Sangyo, the G.M.C. Management thinks ft advantageous to co-operate with the Nippon Bangyo, may Japanese reports.

Plans För Future

$140,871, and the dividend on the Ordinary and “A” “Ordinary_sharės La to be maintained at 35 per cent. by a final payment of 25 per cent. The company, however, has paid a capital bonus of 10 per cent. for several years past, and on this oc- casion it is to be raised to 121 per cent, by the distribution of one “A” Ordinary shere for every eight Or-

The Management of the Jidosha | dinary or “A” Ordinary shures, al- Belzo Kalsha has so far made a call | réady held. In addition the alloca on Y8,000,000 capital, and there is tion to general reserves is to, be

· still ́ ́a balance of Y4,000,000 to be increased from £237846 to £320,-. called up. It is reported that the: 1788.:

LINERS

are

PRESIDENT LUXURY LINERS

Fast and Smooth Riding

13

Of all the many things that distinguish President Liners fron the rest, none is more important them the steady smoothness of these speedy ships... Large and broad of beam, they have many times been called the finest riding ships on any seal" Plam now to make your next trip "the President Liner way.”

To SAN FRANCISCO 18 DaysTo VICTORIA, SEATTLE 17 DAYS via Shanghai, Fobe, via Shanghai, Kobe, Yokohama, Honolulu

Pres. Coolidge

Fortnightly sailings

Pres. Wilson Free, Hoover Pres. Lincoln Pres. Coolidge

May 18, 8am. June 6,8 m. Jazo 16, 8 a.m. July 4,5 mm. July 14, 8 am.

EUROPE, NEW YORK

Inquire far round-trip dekete to Europe. in connection with Lloyd Triestine.

Via Manila, Singapore, Penang, Colombo, Bombay, Suez Cana Alexandria, Naples, Genos,,

Marseiles.

Pres. Barrison...May 28, 9am. Pres. Hayes...June 9, 9am. Pres. Johnson June 23, 9am. Prea. Monroe „July 7, 8 am, Pros. Van Buren „July 11, 8 amI).

Yokohama

Fortnightly sailinge

Pres. Jackson ... May 26, 8 mm. Pres. Jefferson June 8, Midnight Pres. Grant June 23, 8 ... Pres. McKinley July 7am.

July 21,8 Pres. Jackson

MANILA

THE MOST FREQUENT SERVICE

m

Next Sailings Prea. Jackson ... May 19, 11 p.m. Pres. Harrison."May 26, 8, à.m. Fros. Wilson May 29, 6 pm. Pres. Jefferson June 9, 6 p.. Pres. Hoover. June 7,8 pm.

DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE

FREE NUILDING-HONG KONG.

CANTON BRANCH 1--4, STAKEX BOLD,

NEW YORK STOCK - EXCHANGE

AMERICAN, ORIENTAL FINANCE CORPORATION

FED, INC., USA.

QUOTATIONS

Tel 26631-Asia Life. Building, 3rd Floor.

(REUTERS · THEDUGË THE AMKRIDAN ŰRIENTAL FINANCE CORPORATION) New York: May 17,

Dow Jones Average: High-1933/31 Low: May 16. `May 17. Ubange

30.18 92.75 95.88 3.23 up

20 Industrials

20 Rails

20 Utilities

40 Bands

Commodity Index

110.74

56.94

20.43 47:24

43.63 1.39 up

37.73

19.33 22.58 ..

23.43

87 up

85.21

7331 93.68

93.94

25 up.

60,44

41.98 53.4T 64.12 .85 up

The A. O. F. Corp. has received the following report form their New York correspondentar E A. Pierce & Co. The rally was naturally re- sponsible for a substantial change in trading sentiment. There was probab- ly quite little short-covering. However, there is said to have been con- miderable long-buying in the past few days on the theory that perhaps the recent decline had been fully discounted by the existing business situation. Wheat: Nervous. There was an early easiness due to changing weather conditions in the North-West, but prices recovered on further crop damage reports.

Cotton: There was an improved demand, induced principally by silver developments. Considerable long selling and moderate Souther selling was well taken.

Silver: There was higher opening on strength in London. Prices loss about one-third of their gains on selling by the Trade... Commission- house buying came from scattered sources.

Business Done: 1,200,000 ahares.

1935

Drv. FLUG'B Low = PIE ŠE." -

47) 119..

1001 31

401

Canadian Pacifio

Last Sale

May 18 May 17.

3.00 Air Reduction

$951

300

750

202

6.00 Allied Chemical & Dye

1291

184

1001

401

4.00 American Own .................

92

95+

17

16

55 134

307

-" American Radiator.......................... American Smelting..

134

141

371 41

9.00 American Tel & Tel.

1124 1167

944

601

5.00 American Tobacco "B'

70

717

107

1.00 American Waterworks

18

187

29

Б

www

Anaconda, Copper Mining...

131

154)

!!

841

31

2,00 Auburn

34

362

221

Bendix Aviation

15

16

371

18

100 Borden Company..

25

25

161

161

204

304

-J. L. CH40 ******

49

523

0.50 Caterpillar Co.

:27.

281

107

1,3) Chaas National Bank

27ibid 28 bis

BAL

73

1.00 Chrysler Kotors

381

411

est

31

3.40 Consolidated Gas of N.Y.

321

33

Curtis Wright

3+

31

D

814 ... 851

2.00 Du Pont de Nemours

108期

231

93

46

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

·93)

281

www

Electric Auto-Lite Co. mum

21+

221

10

14

16

6% & Electric Bond & Share **

48

10

8

154

Electric Power and Light........

.

0.40 General Electric.....................

191

201

10)

#160 General Foods

321-

321

20%

21

1.00 General Motors...

32 za

34

10

20+

1.0

Gülette Balety

101

∙101··

1.90 Gold. Dust.........

∙191

20+

12

0.60 International Harvester

321

334

13

International Tal & Tel.

12

131

4:00 Liggett & Myers ** B!!

914

L00 Loew's Ind

30

318.

Montgomery Ward

241

9:80 National Blženit" 2...

35

164

1.00 National City Bank

27 bid 28 ban

200

1.00 National Dairy Products

101

101

9.80 Otin Elevator

· 15

31

164

110 Pacific Gas & Electric

· 174".

Packard Motors .....

131

6.80 Pennsylvania Railway

li

100

351

400,

Radio Corpn. .............

“Besen Roebucket

Bosany-Vsorum Corpät ud.

181

29

1.00 Btandard Brandi Blandard Gas

1.00 Sündard Od te

101

1.00 Texas Corporation

194

1.00 Unit Carbide à

133

10%

United Corporalic Viited States Bleet Weclinabouse E. &