1934-10-15 — Page 12

12

Sharebrokers

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

SATURDAY, OCTOBER 13.

Banks

H.K. Bantis

Association

Sal

Hales

$1,800

Salle

Buyer

*

$1,835

£15

£30

HONG KONG DAILY PRESS, MONDAY, OCTOBER 15, 1934.

NEW YORK STOCK AND COMMODITY QUOTATIONS

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

New York, Oct. 13. The American Oriental Finance Corporation's report through their New York agents. Mesara. E. A. Pierce & Co., states:-

market Stocks:-The

- may hesitate here, but we do not think

Cotton:-Press dispatches have dampened inflationary sentiment, The oftake in the cotton-goods markets has improved! There was a better demand for actual cotton and the domestic "spot" situation is tight There is more confidence in the present values and we that the signal has yet been given | favour a constructive attitude. to abandon long trading positions. Wheat:-The weakness of the foreign markets yesterday let up indation talk and brought about scaling early" in the session. There was some support at around the $1-level and final prices were bet

£1371

Do. (Londen).

E15

£301

Mercantile His. "A"

Chartered Banks....

Do

£13

393

Bank of East Asia... $91

N. & S. Barke

$20

Am. O. Fin.Corp: 8.

$5.80

H

Ch. Fia. Corp. Urd. 9.

Do

frul. J.

35

Canton sarıLOOM......

1285

$375

Underwriters '******† $1.05

$1.16

$515/5/18

Union InsuranOOS ̧•••

$590

$510

China Firos

3837

H.K. Fires2491-**

620 $240

$8

International 1600, S.

***

Shipping

241

Douglases

5430

Steamboats

+7

$7

$30

Indoa (pre) dan

$30

334

Do. (def.)

$36

ter.

47/6

Shells heavi

47/8

H

$13!

Waterhosta

$10!

Mining

HI

80 cta.

Amtamoks ........................

57 sta

$37

Balatcos

46 st

Baguio Gokt.......

49 os.

$40

22 othe

Do. Explanation

quota. Do.

10 ot.

Big Wedge

$411 Benguet Consolidated

Goldfield ...

21 ots. Gold. Ever...

12

20 eks.

1010

90 ot.

Gold Creekygn. United Paracales... 34 cta

10 ct. Salacot Mining

Ipo Mining...................

$8.30 Itogons . ****

23/

$108

314

150 čt1

$15

$50

31%

++

Godowns, ste,

Do.

"B"

LATE NIGHT

CABLES

The following cables wore re- ceived on Saturday night by the American Oriental Finance Cor- 16jeta, poration:-

21/6 $18

18

518

$107

+

1.46

30 ats.

2124

$1

Kallans MA $17, Langkata (sisgle)D. Explorations...... Shanghai-Loans.

SEL

$12.80 Raubs ........................

Venezuela Gold Fids.

36

Docks, WherYOS,

H.K. & K. Wharroa: $107

Providente (old)

Do. (IN) ...

H.K. & W. Docka...

& China Motors' A'

$118 Shanghai Decks S.

New Engineering 8.

****** 8.

Lands, Hotels; and

Buildings

H.K. Hotels. $5.10. | $6.20

H.K Lands.......... 350

Do.4% Debentures

Shanghai Lands....

Metropolitan Landa..

H.K. Koufties..

$15f Chios DoS..

Do. DebostagesS.

Humphreys ****** New Asia Hotel

$140 Asia Real ties "A" S.

24)

#310

1501

prem

$97 $14

$5.60

38.35

$70

unumutimi mun

$137

$10

Hongkows

...

$50

21%

$4.80

$91

ubun

320

Do.

"B

$HO

Chincare Estates.......

Cotton Mill

$9.80

Ewos

B

$8.60

new)S.

$9.40 Zoong Sing

.......

$55

173)

89.40%

$59

$19.70

$14

175 S'ha Cottonvlds.

Do 844

Wing On Textiles(S.) Publie Utilities

119.80 Tramwaya ............................

14

Poak Trans (old) ...

Do. (now)...

108

W

Star Ferries ....................... 597) $211 | Yaumati Forries | 391).

-China Lights (old)...) $8,65

Do.

(new)... 18.25

H.K. Electrics ******

Macao do.

Sandakan Lights.... Telephones (oid)...

Do. China Bases ..............N. Tractions

Do. (prof.)

$3.70 Malabon.dugara'

Caldbeck; Hord.) B.

$10.80 $13.20

(new)...

Industrial

Ropes...

Miscellaneous

$23.70 Dairy Fazzsa

832.65

$106

FAL

I

1##1!

$70

241

$21

190

Macgregors prof.)8.

260

$t.as

Canton Ives' ......................... $5.55 Comente

$2.30

33

$23.90

·13)

$7.30

$4.10

$1

14

Der A Wings..

Amusemerits ..................

Ch. E'tainment.......

$150 | Constructions, (old)] $1.53

221

Do, (Dew)|78_sta.| Lane Crawlords................

Mackintosht Ki

Nanyang Tobacco... $4.83

310

$3.60 Watsons

70'ots,

$2

Fincerea *****BANAAN

Wm. Powella ......................... M. tireyhounds.......

81.30 31.30 B. O. Enterprises ... United Thothram ....... 8. $11 87,Oh.G.6%19260. Bd. 96%. prem. H.K. Gort, 4% Loans

perm

31/

$110

Do.

Wallace Harper..... ELE, Wing Dam

S'bal Do

Vibro Pilong

COMMODITY PRICES

New York Cotton

Oct. 11

New York, Oct; 13.

Oct 12

Ulosing Opening Closing

155 cta.

742

3108

Dec.

May 1023 1011 100. 100 100 July 981 98 051 96 08

unar Thursday's sales;

Chicage Corn

76 76

May

Oct. 12.30 12:27 12:27 12.24 12.24 July

"

Flashes:-Analyst Index of Busi- ness Activity: 72,7, aggingt 74.3 last week Automobile output in the United States during the past week amounted to 18,998 units, compar- ed with 37,234 units the previous week. Money in circulation in- treased by $11,000,000.

S.E. Levy & Co.'s Cables

The

following cabled reports were furnished by Messrs. S. E. Levy & Co. on Saturday night:-

American Weather. Report,

7.15 P.M.

旧

Cotton: The Cotton Belts are clear, the West is very mild but

ne East is cold at nights.

ON THE CLYDE

Last Year's Output

Exceeded

With four months still to go, the tonnage output from the Clyde shipyards during 1934 has already exceeded the productivity of the river in 1933.

During August, 11 vessels. of were launched. the 33,321 tons, greatest output of any month since October, 1934. In August of 1990, 16 vessels are bordering on com- pletion.

"Even during September there will be BF steady Increase ia launching activity. To date 38 vessels, of 67,788 tons, have been

launched this year, compared with last year's aggreste of 55,869 tons. When the tonnage of the Cunarder 534 is added to that already ∙launched the aggregate output for the year will materially top the 140.000 mank, an output which, ex- ceeds that of any year since 1930, when 246 vessels of 529,744 tons were launched. Since the New Year the work on hand in the Clyde shipyards has gradually in- creased.

as

These figures are welcome, not only as indicading a substantial particularly recovery made by a depressed industry, but one more" reflection of greater con- Adence in the general trade out- look The ship-owner is only Hikely to order new vessels. If he promising propecia for Grain: The Eastern Corn Belt is can see

their employment. particularly having very cold weather, probably when, as now, so great a volume there will be frost. The South of shipping is laid up in idleness. there is ignorant of milling qualf-west is more cloudy but the spring-In spite of that, the Clyde's

London Forecast Wheat is due to be much lower, owing to weak Liverpool cables Millers are

not contracting for Canadian imports, fearing an in- crease in tariff and are not desiring Argentine wheat as the market'

tles. 2

Cotton may open lower, owing to Liverpool advices, but ultimately may rule higher. -

A.O.F.C. New York Cable Stocks: Roosevelt is reported to have discreadited Inflation talk.

belts' are abnormally mild. The forecast is for cooler weather.

London Silver:-Spot: 24 3/8, down 1/16; Forward: 24 1/2, down 1/16.

*

London Silver Comment: Spect lators bought and Chins sold.

The opening was irregularly lower | Buyers are satisfied. Market closed with several large blocks done, but quietly steady. prices are improving on relatively|||||

light activity.

Cotton: Cotton Longs and the continent are buying moderately

on the scaledown.

QUIETER NIGHT

BOMBERS

Military And Civil Uses

(Special Air Mail Service)"

London, Sept. 22.

Air Ministry approval has TH- cently been given for the first- time to a silencer for aircraft en- gines. The silencer is likely to be used in the latest night bombere of the R.A.F., and will make these, big acroplanes very difficult to locate

above at any height 10,000ft. At present there is no

TREASURY BILLS

London, Oct. 12.

launchings in August, totalling 33,300 tons, have been the largest for any one month since 1930 while its 67,000 tons for the eight months to date al- ready exceeds the figure for the whole of 1933. That comparison Certainly 15 with shipbuilding's worst year this century, taking- the world as a whole, but the fact that August has contributed near- ly half of this year's tonnage so far is significant,

The outturn for the 1934, it is known, greatest since 1930. materially enlarged,

whole of will be the It will be of course, The total amount applied for in

glant by the inclusion of the £35,000,000 Treasury bills was Cunarder. No 534, which without. $54,275,000. The amount allotted

question will bear witness to the in bills at three months was £31,-efficiency and technical progress 000,000. The average rate per which keep. the British yards in cent, was 14/574d, as compared the front. rank of with 15 9.76d. a week ago.- British Wireless.

TRIBUTE TO GENERAL

HIGGINS

Portrait Presented To Salvation Army

(Special Air-Mail Service)

London, Sept. 22. A painting of General Higgion attempt to exploit the new device by Mr. Frank O. Salisbury was to its fullest extent because presented to the Salvation Army parallel work is being done with by the artist at a meeting at the the object of reducing airscrew William Booth Memorial Training hoise. The silencer has brought College," Denmark Hill, S.E., yes- engine noise down to the point of terday. It ja a three-quarter agreement with Birscrew and length portrait of the General in other noise at the coat of very uniform. He i seen seated, with small loss of engine power

his right arm resting on 1 table. Silencers for aircraft engines He is holding a book. His left which have been tried hitherto band rests on his knee. have suffered from the disad- Mr. Salisbury unveiled the por vantage that they created a heavy trait, the frame of which "bears the back-pressure, or that they de inscription:- manded too big sacrifice in

"General Edward J. Higgins. Biggins. Leader of the Salvation Army, weight. The weight problem still remains an obat in the ap 1890-1934. plication of a milericer to: the

his portrait was painted to single-engined day bombers of the commemorate the loyal devotion. R.A.F. These seroplanes are re and love of all connected with its quired to devote their carrying far-reaching ranks, and as a mark fuel and military of appreciation of his great work capacity to load, and, cannot readily contem for the cause of Christ and plate the addition of solb, to their humanity. engine weight. The night bomber, Painted and presented by the on the other hand, has so much, Artist." to gain from comparative silence,

In asking Commissioner Henry

so long as the system of detection Mapp, Chief of the Staff, to

is based on sound locators, that accept the painting, Mr. Salisbury the sacrifice could easily be made paid a warm tribute to the General even if it represented a bigger and to his work. proportion of the total load

Commissioner Mapp said that

At the R.A.F. display last year Mr. Salisbury had conferred a a Rolls-Royce Kestrel (500 h.p.) great favour on the Army, to engine was shown fitted with which he was a regular subscri ailencers, which together weighed ber

about 10lb. The same type of When the artist was approached 751 751 793 78 777 78177; engine was shown fitted with he replied: "Not only will my the new silencers, which weigh work be free, but I shall feel it 792 ||781784

only 60lb. and has been given a fan honour and a privilege to paint bench test of 50 hours at an output the portrait.” measured

During the years that General

788

Dec. 12.44 1237 12.35 12.32 12.33 Total sales: Unavaliable. Jan1248180 18.37 12.37

Mar, 148/13.42 1244

Winnipeg Wheat

Oct. ·794

by B standard

the industry.

They have had a very hard road to travel. They have been adver- sely affected not only by lower labour costs abroad but by the system of subsides which, con- tributing greatly to the excessive growth of the world's tonnage, has at length provoked the Govern- ment of this country to retaliation, That action, none the less, can have done little to stimulate the Clyde figures to their continuance of the upward trend shown earlier by the quartady" returns for the Country as a whole.

ANY LETTERS

FOR YOU?

Post Office Notice

Canton Knitting Co., Cawasjes Pallanjee & Co. A. Chamberlain, China Silversmith Co., Ltd., China State Bank, Lid., Miss J. Crerar. H. B. Dewar, J. M. Dalgarno. Eastern Ray Oll Co., Eugenie & Co.

RE

R. Flatow, Fong Poo Bing.

Goodman (8.5. "Tower Abbey), Great Light.

Hall & Holtz Co. L. J. Harris, Holland Pacife Trading Co., Hong Kong's, Holy House of Help, Hoover Battery Co.

Rev. J. W. and Mrs. D. D. Inzer W. P. James. Kawashima Trading Co., The Kwong Ah & Co. -

G. Legge & Co., B. Legras, Liong Fick, Mr. and Mrs. E. Lopez,

E. W. Matthews, P. R. Murray. Miss-M. Bollman,

Tai-Ying Steel Windows Mfg.

Co., C. Tawns, Thos. Y. Yee &

Universal Traders.

*Registered Articles

Night Quotations

of New York Stocks and Commodities

Our offices are

open from 10 p.m. midnight,

until

every night except Sundays and New York holidays.

The opening quotations of a selected list of New York Stockel and of Commodities will be received in our offices at approximately 10-minute întarvula.

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

Advices of executions on orders placed during the night Bessions are received within the half-hour.

American Oriental Finance Corporation

Asia Life Bldg.

Federal Ino. USA. 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 FÖR WHITE, WELD & CO., NEW YORK:

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

Tel. Address: Seloo Tel. 30101 and 80103

NEW YORK STOCK EXCHANGE

THROUGH REUTERS

AMERICAN ORIENTAL FINANCE CORPORATION

AND S., E. LEVY & CO.

New York: October 14.

QUOTATIONS

B

Last

Today's

Change

Barely

High Low Close Close 4.928 4.911 4831 4911 14 off steady 12.30 123.13.44 19.33.11 of

16.58 9v1 1021 1001

77 751

New York/London Cross-rate New York Cotton-December New York Rubber-December- Chicago Wheat December 101 Chicago Corn December 161 75} Silver-Official

Dow Jones Averages, High=1933/34 Low: Oct. 11.

30 Industriale

20 Bails

unquoted

LAST SALE Oct. 11. - Oct. 12..

530

11 off

unchanged

Oct. 13.

Change

110.76

84.28 95.50

949060 of

58.94

32.86 36.51

38.39

.42 off

90 Utilition

37.72

18.80 20.38

20.51

.17 off

40 Bonds

95.48

84.73 03.03

93.09

06 up

11 Commodity ladex Div. $ PER. SH

65,45

41,98 59.88

1933/34

HIGH Low

3.00 Air Reduction 6.00 Allied Chemical & Dye 4.00 American Can

112

47)

$1054 $1054

* │

180

701

131

131

1071

197

1024

1024

American Radiator..... American: Smelting....

19

4#

13

131

551

104

364

..36

9.00 American Tel. & TOL. 5.00 American Tobacco B" 1.00 American Waterworks

1841

#val

1121

111

79

80

94)

17

162

114

111

Anaconda Copper Mining"

22

5

281

271

Auburn

841

241

127

124

Bendix Aviation

23

26

251

471

461

103

13+

127

271

272

33

22 bid 22 bld

36

36

281

284

841

alt

24

21

1931

921

1031

102

103

จ.

186 Borden Company

J. I Case

Canadian Pacific, 0.50 Caterpillar Co. 1.60 Chaas National Bank 1.00 Chrysler Motors..... 3.40 Consolidated Gas of N.Y.

Curtin Wright 2.00 Du Pont de Nemours 3.00 Eastman Kodak ................. Electric Auto-Lite Co. 8% Electric Bond & Share

Electris Fower, and Light... 0.40 General Electrio 1.00 General Foodą kon 1.00 General Motors Los Gillette Safety.......... „1.20 Gold Dust ......

2.00 Me Intyrs Porcupine

Montgomery Ward

-

25. 24

1111

42

184

18

100

301

30

21

301

201

10

12

114

T

177 174

331 321

0.80 International Harvester 010 International Nickel.

International TelTM & Tel. 4.00 Liggett & Myers "B"-.. 1.00 Loew's Inb

25

*241

101

97

987

992

491

271

29

447

48

29

237

281

281

20451d- 201blia

10%

167

1.20 National Dairy Products

National Distillers

224

20%

0.00 Otis Elevator ...

NY Central...

14

14.

10

1.60 Pacific Gas & Electric

Packard Motori

194

137

IB

231

414

137

19.

2.00 National Biscuit

100 National City Bank

USC Pennsylvania Railway

China. ·· Overseas, Trading Co-, Badio Coron," .....

The Hong Kong

TASCHEN OM 79 792 791 79/audiometer was 28 to 20 decibela, Higgins had been their leader he (1819), Ltd.

May 1242 p1185 12:59:12.48 12.49 July 12.65 12.58 1439-1282 12.33 Dec Spot 12.65

12.65

May

Oct.

BO) - 801 851 851 New York Sugar

and the back-pressure was 2.1b. to bad worked strenuously, and the 80 601 the squate inch, or equal to a loss position of the Army to-day was 843 of 400 b.p. The noise reduction largely due to his ability, devotion, the power. Silencers of the same patience, and humility. The par- sort have been fitted in the extrait would be placed in the ball hausts of less powerful engines beside those of the General's two with a view to giving better con- predecessors, with whom he was ditions to passengers in aero worthy to zank

Market closed.

planes. The result varios with Cheers were given for General

Bank

Lee Yan Ta Co. Peter Music Co... Tong Lock..

Karl Richter Tang But ELUS Wo Bhing & Co.

Mar

closed

1,88 183 May 1.37 July

1,91

New York Bilk

Dec

Preb

114 1:18 Market closed

102 101 100 100 1001 Abell 1.18

Or Cockpit.

ciation of the artist and his work Haiphong

Bears Roebuck

Commercial 0.40 Booby-Vaenum. Corpn.

different types of aeroplane, but and Mr Higgins and for the Radio Telegrams in every example so fat there has artist on the call of the Rev. 8.October 3-Debenhamy- bean a marked diminution in the Parkes Cadman, of New York, and Home from Boerab noise to be endured in the cabin General Higgins spoke in apprese October

Southern Pacifio

1.00 Standard Brands

Standard Gadg

1.00 Standard Oil Do.

My

Jersey th

1.00 Texas Corpora

217

0.18) Trans-Ameri

5

1.00 Union Carbid

the

6.00 Union Pacifio

United Air

103

101

1011

United Cor

fron

35233

Westinghon

33

321

United Stat