DAILY SHARE QUOTATIONS Hong Kong Stock Sharebrokers'
Buyiru
Exchange
Quibero
Vandaal
44
2131
SATURDAY.
Association
36
JUNE 2.
Banks
HK. Banks
Bo. (London)...{ Chartered Banks .... Mercantile Bka "A"
Do."
Bank of East Asia...
N. C. & S. Barka
Am. O. Fin. Corp: 8.
Ch. Fin. Corp Ord. 3.
Do.
Prol. 8
Insurances
31,960
£101 998 £15
$93
$20
Kayum
Ballers
BAJO mina
544
***
11011
$1,860
£28 21s
59%
100
$300
Canton Insurances ....
Underwriter ............
SANOL
Union InsurancOM
$1.30 $682
#810
China Fires
3610
3250
H.K. Fires...
3245
International Asson. 8.
1
16
Shipping
---
$41
Douglase***
340
69
Steamboats
310
130
Indios (prel.)
$50
$33
Do. (def.) kaikke
$35
48/9
Shells
i
69 ata.
Amtamoks
***
171 sta.
$33
Balateos .......
33 ota.
Baguio Goll... 33 cts,
$32
18 et.
Do. Exploration
92 cta.
20 64
Do. "Goldfield
Big Wedgu.
$5.96
311.10 Waterboats ...
$32) Bouguet Consolidated
12 at
120
90 ot. Gold River.
134
Gold Creek....
Ipo Mining.
Itagons .....
Kailans
Langkats (single) 8. Explorations......8. Shangbai Loans S. Raab
$7 Venernela Gold Flds.
Docks, WharrON,
#7
20/6
$184
44.80
$51
3104
Do. (new)
HỌNG KONG DAILY PRESS TUESDAY, JUNE 5, 1934.
MONEY
AND
MARKETS
THE ARGENTINE
RAILWAYS
"Serious Financial
Position"
(Special Air Mall Service)
London, May the
Ал important memorandum, signed by representatives of ten
Amsterdam Athens Belgrade
Berlin
LONDON EXCHANGE RATES
(BRITISH WIRELESS SERVICE}
Bombay
Brussala
Bucharest
Buenos Aires Copenhagen ... Geneva
of the leading railway companies operating in Argentina, in which Helsingfor about £200,000,000 of British Hongkong .capital 13 invested, has been Lisbon presented to the Argentine Minis- Madrid ter of Public Works, Dr. Manuel Milan
R. Alvarado, emphasising the Montevideo serious Anancial position of the Montreal railways. The State is asked to New York accord them reasonable protection. Oslo
The memorandum points out Paris that for some time past there has Prague been no question of the payment Rio de Janeiro
dividends, on the Ordinary
of
been
13 stocks. The great majority of the companies have not even able to meet debenture services, while some of them have been compelled to request moratoria for varying perioda.
$15 30.80
Godowns, sta,"
$104 191.85
HK. & E. Wharton
11034
Providents (old) ........
$1.95
$1.90
75 cta.
155 ets.
518
H.K&W, Dock...
715
327
S. China Motors 'A'
$2
$8
Do,
$2
$133
Shanghai Docks S.
$133
#5.20
New Engineeringsb.
$350
Hongkews
Lands, Hotels, and
Buildings
In view of the results obtained, the companies have been able to keep up the working of the lines only by using their reserve funds, which are now almost exhausted. and by accumulating bank debts. It would not be possible to borrow from the banks in future.
The memorandum urges the regulation of road transport to end extensive competition; modi- Acation of the existing agreements to increase travelling facilities and effect economies:
an increase in the supply of exchange for pay- ments abroad.
Shanghai Stockholm ... Vienos
Sterling Parity
19:10 Florins
375 Drachmae
May 31. 7.49 530 9.
June 2.
7.491
530
12.981
278,216 Dinari: 323
..... 90.43 Marka 12.97 1s 6d. per Rupee
1/6 1/32
Yokohama.... Silver (spot) Silver (forward) War Load
ON LONDON:
35 Belgas 21.71 813,388 Lei 505 47.56d. per Peso 364 S.O 18.159 Kroner 22.39). 20.99 Francs -15.81
18.159 Kroner
1/6 1/32 21.72
6072
364 S.O.
22.391
15.81
193.23 Marka 2281
2281
1/53
1/31
110 Escudos. 110 25.221 Pesatz '371 99.48 Lire 591 50.88d. par Peso 1887 Dollars
110
37 5/32
591
397 9.0. 5.05
" 383 8.0.
5,05
4.967 Dollars 5.06%
5,061
19.804
19,90
14.91 FrancS 76 21/32 164.25 Kronen. 122 26.83d. par Gold
77 1/32
122
Milreis 4 5.0..
1/34
41 8.0.
1/31
1.130 Kroner 34.564 Schillings 24.55d. per Yen
19.40
19:40
274
271
1/2 9/32 19.9/18 101
· 1/51 ·
% 3% 102 1/16.
Closing Quotations
June 24
Telegraphic Transfer....... Bank Bills, on demand 14 Bank "Bills, 4 month'
sight
ON NEW YORK:—
Bank Bills, on demand 3hâ Credits, 60 days' right.. 277
ON BATAVIA:-
........ 32
On demand
1/57
ON PARIS:
Credits, four months'
Bank Bills, on demand 540
sight
1/57.
Credits, 4 months' sight ##0
ON
SHANGHAI:--
Og SAIGON :-
On Demand
1101
On demand
51
ON MANILA:-
សមត្ថិ
On demand
71
ON JAPAN:-
ON BANGKOK.
On demand
117
On demand
1:31
ON INDIA:-
SOVEREIGNS, Bank Buying
Telegraphic Transfer...
Rate
Bank, on demand
93
BAR SILVER, per oz. 19
ON SINGAPORE:-
On..demand
PRESIDENT LINERS TOURIST CLASS
Superb Cuisine, Every Comfort!
13
Have you ever novelad on President Linem? If you have, you know very well what pleasure a hip on any one of them always is... And now, with the new Tourist Class, the cul- sine, the conveniences and the little extra comforts of there. large, smooth-riding liners may be enjoyed at greatly re- duced fares) Investigate before booking your next passage.
TO SAN FRANCISCO 18 Days To VICTORIA, SEATTLE 17 Days via Shanghai, Kobe, via Shanghai, Kobe, Yokohama, Honolulu
Forthaightly sailings
Pres. Wilson
June 6, Ra..
Prca, Hoover June 18, 6 a.m. Pres. Lincoln
July 4, 6 am. Pres. Coolidge July 14, 6 m Pres. Cleveland...Aug. 1..8
EUROPE, NEW YORK
Inanire for round-trip tickets to Rurope in connection with Lloyd Triestino. Vis Manila, Singapore, Penang, Colombo, Bombay, Suez Canal Alexandria, Naples, - Genoa, Marvelilas.
Fres. Hayes ...Jan 9, 9am. Pres. Johnson.. June 23, 8 a.mn. Fres. Morroe July 7,8 m. Fres, Van Buren July 21, 9am. Pres, Garfield... Ang. 4,8 O
Yokohama Fortnightly sailings Fres. Jefferson Jane 8, Midnight Pres. Grant ...June 23, 8.a.m. Pres. McKinley July 7, 8 a.m. Pres. Jackson July 21, 8 am, Proa. Jefferson...Aug. 4 fan.
"
MANILA
THE MOST FREQUENT SERVICE
3
Next Sailings Pres. Hoover .. June 7, 9 p..
Prea Hayes... Jane 9, 8 am. Pres. Grant.. June 16, 6 p.m. Pres. Johnson... June 23, 8 am, Frés. Lincoln Jane 26, 6 p.m.
DOLLAR STEAMSHIP LINES AMERICAN MAIL LINE
PEDDER BUILDING-BONG KONG,
CANTON BRANCH :—A, SHAKRE ROAD.
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: June 2.
Dow Jones Averages High--1933/31 Low: June 1.
£250,555 Of Rolling AN INVESTMENT SURVEY
Stock for China
(Specia3 Air-Mail Service)
London, May 26,
H.K. Hotela
$5.95
3603
HK Lands
8.
3616
325
Shangbai Lande...8.
$14
Metropolitan Lands..
38.10
$5.10
H.K. Realties........
$5,40
BIG RAILWAY
$13
China Doll*-*
-
$140
320
$80
$11
$75
Shai Cottons(old)S.
$43
3137 Do. DebenturesS.
11.30 Humphreys
New Asia Hotel
Chinese Estates.......
Cotton S
E8311:30
Do. (new S
$10.85
ORDER
$45
Aria Rosition "A"S.
Do.
***
$134
Zooug Singe
$134
#25
Wing On Textiles(8.)
14:
$60
$211
211/30
$100
122+
Publio Uuliting
Tramways.....
Peak Trains (old)...
Do. (now)...
Star Ferries
Yeumati Ferrie
321.2
$15)
"Chiun Lights (old)....
TITA
371
-$100
$213
39.85
Do. (now)...
Do. Rights
$73
H.K. Electrics
$731
JEL
Macao do.
12
Sandakan Lights .......
$261
$12.80 Do. (new).
BI
18/10
Do. (pref)...........
$12
Malabon Sugara
$21
Caldbeck, ford.) 8.
$19
Macgregor pref.E.
32.70
$2.60
Telephones (old)...
$12.20 China Buses.Siz
Tractions ........
Industrials
$24.80
$12,00
፧፧
Do.
**
322
35
$26.40
靠得
Canton Ives
Coments" (old)... $2
Ropes.
(new)...
* MiscellansonS
Dairy Farron
Der A Wings....
Ch. E'tainments...... $7.10
Constructions, (old)
(new) 70 akk.
Amusementa
37 86
#28
01
$4
371
$1.00
70 ct..
Do.
$4.70)
$4.80
Lane Crawfords...... $4.75
$21
Nanyang Tobacco...
Watsons
25.10
$10 $5.80
|80.cts.
175 ate.
32
M
Greyhounds......
$14
8. C. Enterprism ....
! ! ! ! ! ! ! !
Mackintosha
Sinetres....szoba |
United Theatres...8.
871 Ch.G.521926G.JBdz{ 55").
$109
KK. Gort Louise.....)
Wallsce Harper......
HK, Wing On
S'hai
Do.
Investment Securities
and Commodities
We offer you Daily Quotation Service
and
Every Facility for Trading through our
New York Correspondents. E. A. PIERCE & CO.
American Oriental Finance Corp
Asia Life Bldg. 14, Queen's Rdij. C.
Federal Inc. U.S.A.
Hong Kong.
$1084
$190
#118
Corporation
Tel. 26631.
Stocks To Put By For World Recovery
It was announced in London yesterday that Important orders for railway material are to be placed with British manufac- turers for the Canton-Hankow
Has the Raliway completion of which is world-recovery stocks? Some pro- stocks is suitable for those who time come to pick up! Apart from nickel, none of these being pushed on energetically. The fessionals think so. Home indus-demand income or quick apprecia- Chinese Government Purchasing trials, they say, are mostly fully tion. They are temporarily out of Commission in London has had valued: various speculative mar fashion, and Radio, in particular, instructions from Nanking to order kéts, such as gold shares and rub- are at the mercy of changes in, fourteen of the most powerful bers, have had a fair run; whereas American social legislation.. freight and passenger engines, many stocks that move with the two shunting engines, and 170 state of world trade still stand at 40-ton steel trucks. Tenders are distress levels. to be called for immediately.
Orders have
four
This view may be premature. I also been placed do not think that the domestic re- with the Hunslet Engine Com-vival has lost its momentum, and pany for four large and in some directions recovery is like slightly smaller engines for the ly to be accelerated. But for the Kiao-Tsi Rallway in North China long pull it is probably broadly and for another train ferry to true that world recovery stacks as carry trains across the Yangtze a class offer greater scope for ap- River at Nanking. The whole preciation than home industrials order, pald for out of the Boxer as a class. Indemnity money returned by Great Britain to China, amounts to about £250,000..
"F. ANSTEY'S" ESTATE
Eequest To Victoria And Albert Museum
(Special Air Mail Service)
London, May 20.-
Bovril Deferred
Bovril Deferred £1 shares, which were standing at 21s about a month ago," have recently been down to 16s 9d, The tall, I under- stand. has been due mainly to sel- ing by small holders, following the issue of the Pre-Preference shares.
The Deferred shares have recovered to 18s 3d, which suggests that the selling has ceased. dividend of 3 p.c. was paid on the Deferred shares for 1933, so that the present yield" is small. For each of the five years to 1930, how- ever, a distribution of 13 p.c. was paid.
An International Trio Those who take this view, and are prepared to wait, would pro- bably not go far wrong in buying International Nickel at 27, Cana-ractor, the latest issue is a bull dlan Pacific at 16, or Radio Cur-point for the Deferred shares, since poration at 74.
Far from being an unfavourable
it will result in a net saving of The first of these companies has £10,000 a year in interest, which definitely turned the corner, and is equal to 1p.c. on the Deferred) is now paying dividends.
The capital. positions of the other two have lately improved, but they are not yet in sight of dividend. Radio. in fact, seems
a. long way off that
Mr. Thomas Anstey Guthrie, of 24. Holland Park Road, Kensing ton, Londen. W the humourist, stage. Both stocks, however, are novelist, and playwright, who un- remarkably resilient," and once der the pseudonym of "F. Anstey" Wall Street gets over its present produced a large number of novels, mood of defeatism they can be re- including "Vice Versa," and a led upon to move quickly." number of plays, including ›** The
Cables "B"
30 Industrials
20 Raïs
.20 Utilities
40. Bonds
Commodity Index
June %.
1104
50.16.81.79
56.34
25.43 41.77
Change 91.47 .38 down 41.08
.09 down
37.73
-19.33 $2.48
:
22.48 unchanged
95.21
60.44
73.21 93.87... 93.89 41.98 57.31
.03 up 26.42 .89 down
The A. O. F. Corp. has received the following report from their New York correspondenta, E. A. Pierce & Co. The tone today was at least tentatively encouraging and there are some grounds for believing that tho market has reached the bottom. The stock market Bill has been passed by both Houses and is now in the hands of the President for signature.
Wheat; Prices opened higher but sold off sharply on realising. Bales were induced principally by reports of actual and prospective rains in the various wheat belts. Conditions became extremely nervous and erratic, with fairly wide fluctuations, but prices later rallied slightly on belict that the expected rain would not amount to much.
the
Cotton: Despite some selling in the South and realizing worked up by price-fixing, some consider the weather unfavourable in the Eastern Belt. Silver The market was generally featureless. There is a disposition to await developments at Washington, where yesterday tour Western Sen- atora discussed ways and means of oppsing the tax feature in the proposed Silver Bill.
Business Done: $10,000 skařes.
43+
402
109
Canadian Pacific
Electrio Auto-Lite Co.
817
1835
Div. a
LAST SALE,
EIGH
Low Prz Sr.
June 1. June 3.
112
47)
3.00 Air Reduction
$937
$93
เผย
701
8:00 Allied Chemical & Dye
1324
1301
1001
49
4.00 American Can
924
911
17
188
American Radiator......
12+
122
BB1
104..
American Smelting.....
37
361
1342
801
9.00 American Tel & Tel
1121"
1121
now 944
5.00 American Tobacco "B"
70
70
10%..
1.00 American Waterworks
171
-184
A
B
Anaconda Copper Mining
134
134
841
31
200 Auburn
34
331
22%
5
Bendix Aviation
141
147"
37
18
1.00 Borden Company
241
244
20%
71
143
144
1001
But
J. I. Oo
474
48
212
(0.50 Caterpillar. Co.
241 241
15
1.4) Chase National Bank
...... 27jbid ... 27jbid
001
14
1.00 Chrysler Motors
381
372
618
81+
3.40 Consolidated Gas of N.Y....
314
311
$
重
Curtis Wright .............
34
· 3
1027
384
2.00 Du Pont de Nemours .........
82
2.00 Eastman Kodak
93
46
191"
201
281
10
834,
93 bid
4% & Electric Bond & Share !
48
10
154
CANTON SILK MARKET
"31
Electric. Povar and Light...
J3327
134
541
61
301
0:40 General Electric
101
1.60 General Foods
193
.191:
201
$1
323
321-
1.00 General Motora
418
10
30
201
1. Gillette Safety
20
1.20 Gold Duit
10x ID:
27#
12
0.80 International Harvester
184.
19
The Kwangtung Raw Suk Test- ing Bureau, Department of Recon- struction, Canton, China,
48
134
International Tol & Tel.
302
30)
B
400 Liggett & Myers!!"
111.
111
90%
934
304
81
31
31
ask
時
231
231
608
311
332
344
景
27 bla 27 hid
10
162 162
101
154
154
31€
10
L
29
ja
?
7
382
387
12
191
Booogy Vapnum Corpn.
153
15
Yen 510
378
1.00 Standard Brands
Standard Ga
19 xd
198
Yen 510
Bid Ask
1.20 121
1.20 1.241
1.20 1.241
Canton Quotations **
May 31, Extra, 0.8. 13/15 HLE $460N. Small Extra OS. 13/15 HK.
$3901..
Crack N8. 14/18 $280N. Extra Extra 20/22 $260N, Waste N& Open HK 861N.
Yokohama Quotations
June 1:
Brass Bottle" and "The Man from.. Blankneys," and a regular con- Among other stocks which are a tributor to "Punch," who died on function of world conditions are March 10 last, aged 77 years left Cables and Wireless "B," which £38,293 169. id., with net per at @ are not much above their sonalty £37,925 178. 11d. The lowest point. The latest report testator left old Swiss, German, reveals po sign of expanding trade, and Dutch stained-glass panels but it shows that the combine has and wax medallions to the trustees" further reduced expenses and put- of the Victoria and Albert Museum, itself into good trim to take ad- and also left for exhibition an vantage of any improvement in Ivory snuff-box with Frederick the world conditions.. Great on horseback painted on What Cables and Wireless would mother-o'-pearl, two Dopplewand welcome more than anything is an German tumblers with hunting improvement in trade with the scenes in gold, and two like tum Far East and South America. At blers with coloured figures," the same, time a real revival in miniature steel casket of urem- the United States would be of berg work, a Chinese crystal group help; directly, in the increased of figures with dog, z Limoges, trames which would pass through enamel cup and saucer by Laudin, the new shorter's-court office, and and a glass engraved tazza with indirectly, by the stimulus given to tained through Courtesy of Amer- names of the Trolle family on the new Shorter's-court office inican Oriental Finance CorpÓTA base.
trade in other parts of the world.
tion.
Spot Bourse six months
New York Quotations..
May 31st. Beptember December
New York, Quotations are ob-
494 100 Loew's I20, .........
Montgomery Ward
1.80 National Biscuit....
4.00 National City Beak
1610 National Dairy Products
0.40 Otis Elevator.......
1.40. Pacific Gas & Electrip
Packard Motors.....
0.66 Pennsylvania Railway
Rádio Corpn.
Bears Roebuck ....
-
1.00 Standard Oil Co. of
1.00 Texas Corporation
Trans-America
100 Enion
31
94
421
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