1934-09-24 — Page 12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Sharebrokers' .

Exchange

Association

SATURDAY,

Buyer

tales

Nominal

SEPT. 22.

Psyar

Banks

ma

$1,728 H.K. Banks

2138

Do (boudon).

£15

Chartered Banks

$1,710

£16

9301

Mercantile Bas. “A"

£13

Da

300

Bank of East Asia..

£131

500

N. C. & S. Barks

$:0

Am. O. Fio.Corp; 8.

$5.K0

COMMODITIES

++

*

Ch. Fin. Corp. Urd. S.

داد.

Do Prof.

Instiranoes

Sept. 21

Canton insurance,† $295

Underwriters

New York-London

$1.10

31.10

Union Insurations...

$635

$638

Cotton: December

$510

Ulins Fires ******

5320

Cotton March.........

Sept, 22 Close Open 10.30 11:00 11.30 Mid-day

4.991 4.99) 4.99 4.991 4.991 4.991 12.00 12.90 12.88 12.86 12.84 13.00 13.00 12.98 12.99 12.98

12.77

12.88

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

$249

3949

Rubber: December ......

15.08

15.68, 15.67 15.88

15.66

42

International Asson, 5.

18

Rubber: March

16.00

16.09 16.10 16.07

18.05

USA.

Shipping

Wheat December .......... 1.04

1:04 1.04 1.041

1.04

Great Britain 18. Denmark

3401

Douglaser

1417

Steamboats

Wheat: May

...1.041

1.04

1.04

1.041

1.041

Australia

HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 24, 1934.

NEW YORK STOCK AND COMMODITY QUOTATIONS

AMERICAN ORIENTAL FINANCE CORPORATION AND S. E. LEVY & CO.

The following mid-day prices were received on Saturday from New York by The American Oriental Finance Corporation and Messrs. S. Levy & Co.

4 יד

LONGEST AIR RACE

Men Not Machines Will Count

(Special Air Mall Service)

Loudon, Sept. 5

The most fancied" competitors in the great international air race from London to Melbourne in October are not the pileta of the fastest machines, but those who know the route and the weather and other conditions.

There are 62 competitors. Seven are entered for the speed division, 37 for the handicap, and 28 for both. Among the entrants are J. A. Mollison and Mrs. Mollison (Amy Johnson), Mrs. Keith Miller, Sir Charles Kingsford Smith, . W. A. Scott, and Wiley Post. Nations are represented as follows:

17 | Germany

Night Quotations

of New York Stocks and Commodities

Our offices are

open from 1 p.m. '

midnight,

until avery night except Sundays and New York holidays.

The opaning quotations of a selected list of New York Stocks and of Commodities will be received in our offices at

appronmately 10-minute intervals.

Thus, our clients have, on the same evening, quotations, for the morning session of the New York Stock Exchange..

""‚

Advices of executions on orders placed during the right sessions are received within the half-bour...

American Oriental Finance Corporation

Federal Inc. U.S.A.

t

Asia Life Bldg.

5 Algiers ...

$30

Indios (praf.)

$30

Corn: December

78

781 781 781

787

Holland... 5 India

1

New Zealand 4 Free State

$3.1

Do (def.)

$35

Corn: May

704

791

781

193

794

"

France....

48/10

Shells.

47/8

$13

Waterhouts

3134

Winnipeg Wheat: May......

871

874 87

ST

Sweden...

Portugal

છે.

Mining

STOCKS

149

18 ots.

6. Amtamoks

$37

Balatcos

47 ot Baguio Gold

Benguet Consolidated

Do. Exploration

120 eth.) Do Goldfeld

63jets, 64hats, jeis ota.

Industrial Averages

91.10 91:29

++

47 ct.

American Smelting

$49) 19 ots.

Auburn

25

Consolidated Gas of N.X. 37"

$2

25

123 sts.

1po Mining..

Itogons

12 ota.

Big Wedge

Gold Bever

Gold Creek..

Du Pont

891

Ba eta.

El Bond and Share

102

General Motors

29

Int. Tel. and Tel.

91

241-

Kailan

29/0

Loew's Inc.

27

$17

Langkats (single) d.

$18

McIntyre Porcu.

471

$109

SI

Exploration.sure St

$19.80 suba .**-****

50 cts.

$141

Docks, WharvIN,

Godowns, ats.

H.K. & K, Wharves.

Providents (old) $1.45

Do. (LEW) ...)

H.K. & W. Docks.

S. China Motors' A'

Do.

35

Montgomery W.

25

Shingual Loans 5.

$6

Nat, Distillers

197

ver div. $12.86

Venezuela Gold Fids. 34

N.Y, Central

214

Standard Ou Co. of N.Ja..

431

3ཨྰཿaË།།ཧྲྰིསྶ1

344 342 342

US. Steel

324

FREE 3288

25

¡

341

341

34

25

241

28 271 273

27

891

891 89.

881

101

101 104

10+

291

291

29+

29+

10

10

. 10

273

271

27

251

25 251

191

197 193

25# 192 22 211 216

431 434 43+ 431 321 32} 321

SION

j35 at

314

+10

32

$421

New Engineerings8.

***

$47

***

$118

Shanghai Docks S.

341

$300

Hongkowa (old) B.

Jo, (DBW) 8.

Lands, Hotels, and

Buildings

H.K. Hotels | $5,40

H.K. Landa...........

#601

$27

Shanghai Lands.....8.

અમ

Metropolitan Lando..

$1.80

$4.70

H.K. Realties.........

$4.70

$153

China Do.........aði

$137

Do. Debentures 3, §

110

Humphreys

New Asia Hotel

..

$46

$5.40

$140

"B".

Ain Resities "A" S.

Do.

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

Cotton Mi

Ewas

S'hai Cottonsfold)S.

C..........

$10.66 $721

$20

ex div.

$10.0

$75

444

Do:

(new)S.

811

Zoong Sings...

Bili

*55

Wing On Textiles(3.)

$32

Publio Ututtien

$20

Tramways ***

$201

315

Peak Trams (oki)....

314

$7

Do. (new)...

SUB

Star Ferries

3212

Yaumati Ferrie....

$21+

$9.00

China Lights" (old).....

$2.60

36.20

Do.

(new)... $8.25"

3713

H.K. Electrics $70

$10

***

$23.80

$11

1

5/-

17/0

14

Do.

(new)

Tractions

Macuc do

Samiskan Lights...

Telephones (ald)

513.30 China Buses...B.

Da (pref.)

Industrials

Malabon Bugars

JONA

Caldbeck, (ort.) B

...

$23.90

311

$ET

$20

Macgregors (prof.)8.

#2.70

Canton Ices

321

Cements

$1.20

231

Rupes

$3.15

MiscellaneoREN

384

Dairy Farran

$247

Der A Wings...

B

Amusemente ......

171

Ch. E'tainments......

$730

$1.80

Constructions, (old)] 31 63

78 otr,

Da.

(now) 76 cta,i

34.16

Lane Crawfords.......

34.10

$21

Nanyang Tobacco... $4.70

35.60

70 dta:

Wm. Powells,

$10 35.80 56 ots.

-$2

M. Greyhounds

31 30

8. O. Enterpris

$1.30

-

Mackintoshan

Sinceres ....D

Watsons

United Thestros ......, 15.

87 Ch.61925 0.7 Bds. £64.

Do. 31%

оге.

****

HE. Govt. 47 Loana

perm,

$71

$LIA

Wallace Harper

H.K. Wing On

S'hal Do.

GEN. O'DUFFY RESIGNS Differences With Party

Dublin, Sept. 22. General O'Duffy has rseigned the Presidencry, and membership of the United Ireland Party to gether with the leadship of the Blue Shirts, and is, succeeded in the respective positions by the former President of the Irish Free State. Mr. Cosgrave

3108 $101

LATE NIGHT

CABLES

The following cables were Tе- ceived last night by the American Oriental Finance Corporation.

London Forecast

In spite of the recent poorness of speculators' and export demand for wheat, the market is expected to open steady, the improving statistical position being a favour- able influence..

in coton, the increased tendency of hedge selling and favourable' crop, prospects are expected to cause a slight recession in spite of a possible settlement of the strike tonight. Not much change is ex- pected in rubber.

A.OF.C. New York Cable. Stocks Higher carloadings, better retail sales and the likelihood of a textile strike settlement are. the current favourable factors in the market. The opening was slightly up with a fair volume.

good tone, Cotton-There is a

Hedging is moderate and the trade is fixing prices. The con- Hinent is a moderate buyer,

S. E. Levy & Co.'s Cables

The

were

following cabled reports furnished by Messra. 8. E Levy & Co. on Saturday night:-

London Silver:-Spot 21 7/8, un- changed: Forward 21 15/16 un- changed.

"Comment:

China sold.

London

Silver Speculators bought. Market quietly steady.

American Weather Report (New York, Sept. 22, 6.15 p.m.? The weather in the Cotton Belts is unsettled, but the interior has cooled considerably. The tempera- tures in the West and Central is down by 20 degrees but frost is improbable. There are widespread light rains particularly in Texas and Arkansas. The forecast is for warmer weather shortly.

Th

Market Reports Favourable factors before the

F

27#

Italy

4 New Guinea...

The date of the start-Oct. 20-has been chosen for sentimental rather than practical reasons. I will com- memorate an anniversary in England Australis dying, but it will bring competitors into the monsoon east and south-east of India between Allahabad and Alor Star.

There will be much "jockeying" for position at his stage, for the rains at this season do not usually begin until about two cr three in the afternoon. Hore it will be a matter of getting over a few hundred miles by starting before the six o'clock dawn and land- ing before the afternoon rains.

Many will be the perils faced by competitors, and already that of colli sion with big heavy birds of prey is the subject of an official warning. Regular pilots on the air routes to the East are familiar with this danger, for more than one machine has been damaged by striking a resentful vulture or bastard.

CANTON TRADE all have had experience of. It and

NOTES

From Our Special Correspondent

(From Our Special Correspondent)

Canton, Sept. 23.

ice manufacturing companies in Canton are doing good business owing to the intensive heat during the past two months. Ide is used for drinking purposes and cold storage. The leading ice manu- facturer is a foreign concern in also Shameen, while there are Chinese producers incated in the city.

נן

day is about Sellers of fish,

The total sale a 100,000 pounds. meat, and frults realize that by using cold storage the edibles can be preserved longer during the hot months. hence the sale of ice is

brisk this summer.

Lee Chee Prices Up Exports of preserved lee chee to foreign countries and other parts of the country are increasing as a result of the excellent crop during June and July. On account of the good demand from America, Spain, and the South Sea Islands, the price of preserved lee chee has slightly been increased.

The more fancied competitors at present are machines piloted by such world-wide airmen as Wiley Post, experienced British pilots such as C. W. A. Sectt, and the Dutch air liner pilots, who are acknowledged to be sacord to none on this route.

Value of Race

This great race come at an op- portune moment, for the England. Australia air route is about, to be. opened it follows that concentra- tion on the problems of the race, and meteorogical and other research in connection with it, will have perman. ent value.

Competitors are advised to acquaint themselves with all details concerning landing grounds and weather condi tions. The winners may well be those who attend to these details rather than those who happen to be lying the fastest machines.

The Australian Navy vessel Moresby will from Oct. 21 patrol the sea be- tween Koepang and Drawin, and will display lights for the guidance of competitors.

From this stage pilots who have al- ready had experience in Australian flying will have an advantage, but from Fort Drawin to Melbourne the route is being marked not only for day dying bat, by means of beacons, also for night work.

The Government of the Straits Settlements have agreed to allow com- petitors duty-free petrol. The Royal Air Force are organising a night land and starting system at Seletar and Alor Star.

The Governing body of the race will be the Australian Committee, but the Royal Aero Club will have control of

The present price is $120 Cantonathe rules, start, and control of the race"

a faa as Koepang, currency per picul. As the stock

calling-low, prices are inclined to go higher, Lee chee is grown mostly in Kwangtung, and the best crops are raised at Lo Kong Fung, eight milles from here.

Profitable Munopolies

+

"

Foreign Co-Operation Foreign countries on the line of the route have proved willing to co- operate in every way.

The longest se stage will be the Timor Sea, 512 miles of open water on the way to the Australian mainland, and by the time this is reached weak- lings will have been weeded out..

Hong Kong. .

Tel... 26631.

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE

CORRESPONDENTS FOR WHITE, WELD & CO., NEW YORK"

7, ICE HOUSE STREET, HONG KONG (Head Office: Continental Bank Building, Shanghai).

Tel Address: Selco Tel. 30101 and 80103

NEW

YORK STOCK EXCHANGE

THROUGH REUTER'S AMERICAN ORIENTAL FINANCE CORPORATION

AND S. E. LEVY & CO.

New York: September 22.

QUOTATIONS:

Last Today's High Low Close Close New York/London Cross-rate $4.00 4.00) 4.8>£ £88

12.90 12.75 12.9) 12.76 New York Cotton-December New York Rubber-December 16.70 15.54 15.71 15.56

103 104 103 Chicago Wheat -December 1048

-December 781 .78 78 Chicago Corn Silver-Official

20 Rail

20 Utilities 40 Bonda

3.00 Air Reductio

Am.rivan Radiatur...... American Smelting.. 9.00 "Amencan Tel & Tel 5.00 American Tobacco "B" 1.00 American Waterworks

Low

Change

up Dull

.10 ott

.06 off

i off unchanged unchanged

Change .0% of

$1021

Zilbid 21jbid

Dow Jones Averages

30 ladustriais

78+ 49 49+ High-1933/34 Low: Sept. 21.

110.74

Sept. 29.

84.68 91.10

91,08

58.94

32.Hb 30.38

35.41

,0% up

37.73

18.80 19.03

19.80

.16 up

95.48

54.73 91.48

$181

.13 up

11 Commodity inder Drv. P. SH.

65.45

41.08 81.58

unquoted

1933/34 HIGH

LAST BALE Sept. 31. Bept. 22.

$102

112

8.00 Allied Chemical & Dya. 4.00 American Can

1BU

70$

1212

122+

99

984

1071

491

.. 13.

13

44

34x

341

10%

1117

1111

1341

મ

#41

60% 154

75+

.

751

182

432

5

113

112

Anaconda Copper Mining Auburn

25

242

842

24)

121

123

Bendix Aviation ..... 1.80 Borden Company

J. I. Casa

23

6

25

25

37%

18

41

414

· 103

304

13) 134

Canadian Pacifie

7

25

274

0.60

Caterpillar Co.

33

54

1,40 Chaas National Baok 1.00 Chrysler Motors 3.40 Consolidated Gas of N.7.

Curtiss Wright 2.00 Du Pont de Nemours 3.00 Eastman Kodak

401

101

eug

331

331

78

048

.273

271

311

24

21

11

882

BB+

1032

32

97

98

100%

46

23

227

Electric Auto-Lite Co. 8%. Electric Bond & Share

Electric Power and Light... 0.40 General Electric 1.80 General Foods

318

10

108

10

48

a

4

Lo

3

18

181

301

10

294

20+

30

1:

81

291 201

1.00 General Motors

42

10

111

11

1.

21

7#

13

18

27%

12

284

284

40%

13

25

25

29

218

..S1

10

091

-491

961

951

30+

61

·271-

271

Dok

18

471

47

35%

251

252

609

211

30

301

43

187

19 bid 20 bid

101

16 101

20%

191

193.

21.

217.

101

•14 xd · 131

312

14

147

3+

0.50

Pennsylvania, Badway.

422

221

Radio Corpo.

191

54

Sears Roebuck

39

Bocany-Vonum Corpo.....

141

Southern Pacific

18

1.00

Btandard Brands

19

Standard Ga

50%

221

100

Exclusive sale of sugar by the Provincial Department of Recon-

Hegulations prepared by the Air Iction is yielding good profits. Ministry for the safety of cross-SCA Sugar is a daily necessity, and the flying are in this connection interes- A techuical expert, Qantas government monopoly is a decid- ting. ed success. Since the monoply Airways, calculates that

If the risk of a forced "landing" in Comes into effect, Hong Kong the Timor Ses following engine failure: sugar. Importers are doing business by a single-engined deroplane is 1 in with the National Products Sales 100, then the risk for a twin-engined Office, an organ of the Reconstruc-machine able to continue in fight on one engine is 1'in 0 and for a tion Department.

It is claimed that the sulphuric three-engined machine able to fly on two engines 1 in 1,860. But the chances acid factory is doing good bust-against a forced descent by a four- ness. Operated also by the Pro-engined machine able to fly on any vincial Department of Reconstruc-two engines-aud the D.H.86, even tion, this plant turned out from with full load, dess so with ease-are

1 in 41,250. August 1, 1933 to August 31, 1934 over 630 tons of salphric acid. Prices of this product are said to be cheaper than those from else- where.

Unemployment Census

FOLLOWERS SURPRISED [Special to the "Hong Kong Day

The Corn Belts are very cool and Preas" (Copyright.)]

Dublin, Sept. 22. rainy except the East which is

here The announcement

oni unsettling... Saturday that General O'Duffy

•has retired from the leadership of the United Ireland Party and the Blue Shirt organisation and has opening of the market were:-

2. Increased, activity on the ad- The Kwangtung Provincial As been replaced by Colonel Cronin, is causing consternation and much vance is construed as very en-sembly has recommended to the Provincial Government to compile of his couraging. speculation In the ranks

accurate ngures of the number of followers. O'Duffy has declined to

unemployed in this province. Exact give Pressmen any inkling of the

Agures are not known, and the motives for his decision but it is

return of unemployed emigrants generally assumed that the dery General's activities as leader of

3. Expectation of a quick settle ment of the textile strike.

3. Favourable retail trade reports Unfavourable factors

1. Government Bonds are inclla- from overseas has increased the

dant Cronin Comman- the Blue Shirts did not meet with led to be reactionary,

The step follows General ODuffy's acute differences with other members of the party over the collection of land annuities and General O'Duffy's policy of fostering the Blue Shirt organisa- tion in Northern Ireland. Beuter

the approval of his colleagues in the executive of the United Ireland Party, and especially of the form. er Prime Minister, Cosgrave, who favours a more moderate course notably in the policy toward Northern Ireland Transocean Kuo Min

2. Heavy Industries, at present, display little recuperative power,

number.

AGRICULTURAL SHOW

Canton, Sept: 21.

In order to encourage agricul-

Authorities have ordered the ture and farming, the, Provincia

Social Affairs Bureau to communi= cate with the dicerent agriculture!

to organizing an Agricultural societies and unione with a view

Show.

The Social Affairs Bureau 18 now in communication with the different interested parties, and It is expected that the show

ers continue to adopt a cautions will be opened to the public early The stock market is very steady attitude, but sentiment is more next month. with the trend chiefy fractionally cheerful A moderate extension of It is also reported that the show higher, J.I. Case and UB. Smelting yesterday's upturn seems to be will continue for seven days—

Nam Wah Yat Po. issues advancing one point. Trad-indicated.

Gillette Safety

1.20 Gold Dust

0.60 International Harvester 0.10 International Nickel

laternational Tel. & Tel, 4.00 Liggett & Myers "B": -1.00 Lac W's ne

2.00 McIntyre Forcupine

- Montgomery War

2.0

National Biecuit

1.00 National City Bank 1.20 National Dairy Products

National Distillers

-NY, Central

0.60 Otis Elevator!!

1.00 Pacific Gas Electric ....

Packard Motors

0.40

1.00 Staudard Oil Co. of New

1.00 Texas Corporation 0.12) Trane America,

600 Union Pacific Games 100 Union Carbide & Carbon

- United Air and Transporta

United Corporation *....... United States Steel' Westinghouse E&M.

137

324

31+