12
DAILY SHARE_QUOTATIONS
Hong Kong Stock"
Exchange
Sharebrokers Association
THURSDAY. SEPT.. 19.
Ballara
tel
HONG KONG DAILY PRESS, FRIDAY, SEPTEMBER 20, 1935.
NEW YORK STOCK
AND
COMMODITY QUOTATIONS
(Through Reuter's Agency)
Last
في الميقاتي الي
Bellaru
New York-London
September 19 Clot Open 10.20 10.40 11.00.
4931
492) 4924 4921
$1,018
£105
201
Dio. (London)... Chartered Banks ...
HA"
2101
2181
$784
Banks
H.K. Banks
Cotton, October J................................... 10.83
10.62 10.85
10.88
Cotton, May ...nemogo
10.82
10.82 10.88
10.86
Mercantile Bks
Du.
dank of East Asia... N. U. & S. Barks ... Am. 0. Fin. Corp:. 8. Ch. Fin Corp, Urd. S. Pref. S
10.
***** 1:1
$103
Rubber, December
11.52
11.87 11.70 11.87
KIN
Chicago, Wheat, December
981
101
101
£29
Chicago Wheat, May
99*
1012
1011
EIX
Corn, December
58
59+ 591
$70
Corn, May
Бая
59+
591
STOCKS
American Smelting
491
491
491
401
401
Consolidated Gas of NY
271 271
271 274
271
Canton stTRICES.
$180
El. Bond and Share ..................
121
121
123 121
122
$180
Underwriters a
$1.10
General Motors
407
401 46
461
$1.10
Union Insurance ........
1380
1376
$375
Int. Tel and Tel
10+
10
10%
10) 10
Unina Firoų" ******
$390
1382
H.K. Fires........
Loew's Inc.
#441
441
447
44
442
$180
$180
international Assos, 5.
Montgomery W.
331 331
331
332 32
· Shipping
N.Y. Central
24
27
27
201
262
$36
Doug asos
$35
Standard Ou Co. of NY:
431 441
444
441
445
#4
Steambouts
13)
U.6. Steel
478 481 481
471
474
$30
Lados (prot.) anemia
130
Anaconda Copper
21
$19
Do. (def.)
12
211 211 211
70/-
quells
73.
New York Stock Exchange Quotations appear on Pago 4
Waterboat
318
Mining
80 ota
Atutamoka .........
74)ata
$18
Balatcos
24 ets.
Baguio Gold
20 cl.
Do
13 cts
ib oty.
$13.10 Benguet Consolidated
Do. Goldfield ....
11 ot..
Exploration"
8 et
Big Wedge
8 ota
7 ct Gold Biver
5 cta.
30 at
Gold Crock...
United Paracales
生
44
34 sta
140
115 et
Salacot Mining ......
13 eta
90 ata.
Ipo Mining........
36jate
Logon
11/0
Kallus
$14
Langkala (slugie) d.
$101
Exploration....as Si
15
Shanghai Loads 3.
13
371
Hauba
cd
$6.00
-39.10
11
$2.30 Venezuela Gold Fids.
374
872
[{55 sta.
20 ots.
.9
144
Docka, WharVOR,
*Godowna, sts.
H.K. & K, Wharves.
Do.
Do.
(old){
(new)
Providents (ulus ·...45'0's.
Du. (new)
H.K. & W. Locks
S. Cuina Molurs ́À'
Do.
New As Hotel
8 ata.
11/8
373
$71
SETTLEMENT PASSES
OFF SMOOTHLY
Big Rise. In Motor Registrations
(Special Air Mail Service,
London, Sept. 12. The settlement of a critical Ac- count passed off in the Stock Ex-
change comfortably and without any incident. This is a most satis 10 ste. factory. denouement of a situation which, if nerves had been less steady, or the technical position of arkets less sound, might have pruveil troublesome
18+
**B"
#78
Shanghai Decke S.
$78
$4
New Engineerings.
34
$940
Hongtews .......
Lande, Hotels, sad
Buildingm
$3.10
1.K. Hotels
13.
$12
1.5 Lands......©
1824
104
$10.
Do. 4% Debentures
$100
$20
$10
Suaugusi Lapas.... Metropolita Luads..
$123
d.K. Mealties................ Chum 30 ........... Do. abouturesİ, Humphreys term
17
+35
Asia Resitius "A"5.
Du.
"" is.
388
Chiness Estate#...........
Cotton Mills
36
$65
$40
jhu.
news.
381
Long Slugs
15.00 164 #40 38
$25
Wink Un fertiles(5.)
325
Pubilo Editing
$301
framways....** $10.70
$10.70
$51
Puik frame (Out) .......
35
$5
W
$2:
$78
1 Star Ferries ********
$17
Yaumati Forriez ...
་ ་
$18
$8.05 $8.00
Unina Light posiatio
$8
$62
$20
13
$18.15 #18} $186
1
$72
:39/6
:;
Ewo..........
S'tal Cuttonsvid)S.;
$212
K. Electrics .............. $62;
· Macao do......... Baudakan Lights ... Telepones (old).... Do. (new). China Buses....... Tenetaona
Do. (pret.) •*****
Industrials
...
10/6
18 $7.80
Malabon Bugars
$19
Caldbeck, (ord.) d.)
$13
Macgregore (pret:)8.
$1.80
! Canton
$290
Vements Ven. 12 90
32.10
! Bopes....APORE
$1.70
Miscellansom
314
Dairy Farme ...
Amüsemente
34
Ch. Etainmente......
$1.10
1:6 cial
13
$7.
་
JB
33
Warson
Constructions, (old)
Do.
(new)
Lane Crawforu....
Mackintosh
Nanyang Tobacco)......
Sinceresturerate
+2414)
70 ata, Win, Powells .............
M. Greyhounda
$2 $1.35
s. C. Enterpriasa ... 90. Ub.G.641825.Bda.
prem
300
H.K. Gort. 4% Loans 81*),
Do.
312
Wallace Harper. HK, Wing Onair S'ha Vibra Pilong............
REPORT HANDED TO DISPUTANTS
·Da
diately in order further procedure.
***
::
μ
$4 $130 30 ct.
So we are left with a position, in, which everyone knows that market cunditions are healthy, everyone knows that British economic pro- gress is still developing, but no ne, can foresee what will be the coutes of international politics, or what bearing the Geneva meat ings will have upon the investment outlook.
"There was scattered buying yes- terday, revealing the view, in some quarters, that if prices of a fort night age were justified, then pre- sent levels offer some attractive bargains But with the Leane meeting approaching, no strong or spretacular recovery need be ex pected. Nor need it be desired. For the view of leading operators is surely right, namely, that until the international outlook is made clearer, for good or for ill, no de- finite views can usefully be taken by investors. or speculators,
But it is an eloquent proof of the general content with the home situation that would-be "bears" are nowhere showing the courage of 'their convictions, '-
GILT-EDGED & GOLD SHARES
The gilt-edged list again showed fractional declines. This is party due to early selling caused. by in- correct rumours
concerning the Belgian tragedy. What is important is that the tone at the close was firin. It is certain that any further recession, unless caused by dramatic bad news, would meet with strong buying resistance.
mora
The experience of the Kaffir market is, perhaps, the brightest chapter in the recent market story This was the only section which $14.90 threatened possible serious difficul- ties at the settlement. The situa tion has been cleared up, as it happens, effectively and with east. In most sections of the market it is probably true to say that the chief feature is a short supply of stock. Demand suddenly arising $2.95
from the receipt of good news 58 ots. might have an effect on prices out of proportion to the volume of business. But with such big un certainties to be resolved the wisest
$21
$3
444
90%
150
heads am pursuing policy of "masterly, inactivity." It is the policy obviously suited to the cir cumstances of the moment.
CONSOL MARKET FACILITIES
Monday, next sees the beginning of the new arrangement by which decide on
dealers in the Consol market will pay brokers on delivery of trans In well-informed quarters, it is fers of British and India Funds asserted that the report contains transferable by deed. The excep the proposal that the League tions are registered stocks, such as Geneva, Sept. 19.
Victory 4 pc. bonds and similar chairman of the. Com- Council should nominate mitteo of Five has handed the personality with extensive powers stocks, where conversion to bearer Committee's report to the Italian as the Emperor of Abyssinia's
The
sand
some
nature and extent of their ensh bulances and securities held abroad, Now, as and when res quired, Italians are under obliga- tion to hand over these assets, in place of which they will receive 5 nine-year bonds in lire at a rate of exchange unspecified.
Lord Willingdon, Viceroy of India, who is retiring hext year, has ap- pealed to the people for a spirit of tolerance and goodwill in work- wing: the new Constitution.
FLEET MOVEMENTS CAUSE ALARM
(Special to the "Hong Kong Daliy
press” (Gopyright),1
Paris, Sept. „,19.
The movements of the British Fleet and other millitary measures taken by Britain are now attract- ing more attention here than the progress of the conciliation negu- tlations "In Geneva. Great pes- simism is held regarding the successful outcome of these negu- tiations.
The "Liberte" writes" that - the concentration of the British naval forces In the Mediterranean not the best means of mediation and asks if the British "Admiralty is not afraid of pouring oll. 17 the fre, even if these measures are only meant as "à gesture to Mussolini."
It is also the view of “Le Temps"
that the growing nervousness in Italy is due to the British pre- cautionary measures which, the paper states, is making diploma- tie negotiations extremely dim- cult.
The
30
1.
persons
breaking
So far as could be ascertained in well-informed Italian banking cir | cles yesterday, the machinery by
"monstrous taes of which Italy will impound the Mediterranean conflict" is begin. foreign assets of her nationals has ning to take root in Italy, evid- not yet been devised. Certainly
has ence, of which
just beel the precise method is not yet
rnished in Naples, where the known". in London. For this dras- tie step, Italians, with foreign air defence authorities have just balancos must, however, have been. published "a list of the fully prepared. It seems no idle who must leave the city in the
hostilities boast that Italy is ready financial: event ly for contingencies that may arise. out.-
Circumstances proved convenient Transacean Kuo Min, for Italy to disguise her prepara- tions when the world had no suspicion of her ideas of colonial registrations. The increase in this expansion. The decrees issued at case is estimated at over zu p.c. the end of 1934 were such as coun-Registrations of goods vehicles have tries only employ as a last resort also turned upward after a sharp when their credit is damaged in decline in June. time of war. The ostensible "pur- pose of the decree, it will be re- called. was to prevent the devaluna tion of the lir, whose attachment to gold was endangered by the rise in the cost of living.
CHAIN CO'S BETTER RESULTS The report of the Renold and Coventry Chain Co, whose increas ed divident of 7p.c., against 6
WAS announced recently, shows, as might be expected." a sharp improvement in profits. The directors. point out that the com- pany's total sales have been well maintainer, and that in the home market increased activity in indus trial transmission has been evident. Export markets have been erratic; some markets have improved, while others have deteriorated.
In trade circles the resumption of the motor industry's expansion is attributed partly to the steady growth in export sales, some of the larger companies having expanded their activities in overseas markets very considerably in recent months. MAIL ORDER DEVELOPMENTS
Registration of a private com- pany under the naine of Searsint Ltd, is a development of interest to shareholders of Great Universal
The. Stores.
new organisation provides a first link between the rail urder house and British Sears International Incorporated of Chicago."
Searsint Ltd., of which Sir Archibald Mitchelson, a director of Great Universal Stores, is chair- man, is a ritish-owned company, The company shows an increase and will be the exclusive distribu- in gross profit of about £24,000, at tor of the American firm's goods £219,458. This year's figure is in the United Kingdom. It is also intended that when the market stick, however, after making an
has been more fully opened up a additional provision of £25,000 in respect of the losses of Brampton number of factories will be erected Brothers from March. 1932, to in this country for the manufac June, 1935. Brampton Brothers ture of specialised producte, Having now been incorporated in The Daily Telegraph learns that the parent company. Depreciation there is no likelihood of an issue absorbs £95,860, against £92.920; of capital by Searsint Ltd. at any taxation reserve £25,000, against £28,000; and general reserve again receives £10,000. After payment of the Ordinary and. Preference dividends there is £10,828 to go forward, against £12,039.
The balance-sheet shows the effect of the merger with Brampton Brothers as at June 29 last. Dur ing the year "Brampton Brothers incurred a loss of £5,394, ip the previous year. A professional valuation of their assets, however, shows a surplus of £36,737 over the sum at which they stood in the Renold and Coventry Chain books, and this sum is set up as a capital
reserve,
rly date, although such a step may be taken at a later stage as the company's business expands.
AUTUMN NEW ISSUES ⠀ The present tone of security marketa makes them unattractive to intending, borrowers. A number of capital issues, however, are ready to make their appearance during the autumn if present un- certainties are by then set at rest.
Among these is an issue in Oc- tober of over £100,000 Ordinary shares of Rollo Tea Estates of Ceylon, which was recently regis capital consisting of 23,000 Fre tered as a public company with a ference and 115,000 Ordinary shares MOTOR TRADE ACTIVITY
of £1 each. An issue is also expect- Fears, created by the disappointed on behalf of H M. Hobson ing total of June, registrations, (Aircraft and Motor) Components, is the only alternative..
that the British motor industry's which has just been registered with Since the arrangement was first expansion had beast checked are
a capital of £150,000 in 58 shares. Abyssinian representatives chief adviser, in addition to two mentioned earlier in the month likely to prove unfounded when the on Wednesday afternoon, although other advisers. Further an inter- brokers and others have had ample fly figures are made known. police force will be opportunity to appreciate the Whereas the June aggregate of 32,* it may be assumed that they had national knowledge of the contents of the established in Abyssinia. None of benefit that will accrue to their 148 disclosed a fall of just over report, unofficially, the previous the advisers should be from any cliente from the new arrangement. namely, Hitherto, sellers of these registered. of the three powers, evening.
Should the report be accepted Britain, France and Italy, nor stocks have bad to wait until the by both parties as the basis for should these countries be re- transfor had been confirmed before payment. Hepcoforth discussion, the conciliation nego-presented in the international receiving
British Funds become virtually the tiations will be continued, and the police force. question of when the League In addition, it is still rumoured equivalent of cash, Council will be convoked will be that the port of Zera, in British postponed In the event of one Somaliland will be offered 12 or both of the parties refusing Negus as compensation for the to accept the proposals, the concessions demanded from him. Council will have to meet Imade Transpocan Kuo Min
ITALY'S LATEST DECREE Signor Mussolini's latest finan cial proposals follow logically on the drastic decree of December last, which compelled all Italian citizens domiciled in Italy "to declare in
Addis Ababa, Sept 19. "The Abyssinian Government is r.c. compared with the same month already in possession of the pro- of 1834. thus reversing the sharp upward trend which had been ap Losals made by the Committee of parent since the spring of 1932, an- Five's report, which are at present. other substantial increase, it is being made the subject of careful understood, has been recorded in examination. July. It is understood here that these Although the gains are likely to proposals are practically identical! be spread over all sections, the with this made by Abyssinia her- most signifixins recovery is believed.
self and hould therefore be do to have taken place in the priva car section, which accounts Jnr cep able well over one-half of the total new,
{
19
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