12
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
Buyer
Bellate Balne
MONDAY.
FEB., M.
Sharebrokers' Association
Bagues
Žiars
HONG KONG DAILY PRESS, TUESDAY, FEBRUARY 9, 1937.
H. K. STOCK EXCHANGE
AND
H. K. SHAREBROKERS' ASSOCIATION
Philippine Gold Mining Quotations
8th February, 1937
Time Received
cloa
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
Authorised Capital'
... $50,000,000-
Issued & Fully Paid-Up 20,000,000 Reserve Funds:-
Sterling
Hong Kong Currency Reserveranous?**
Reserve Liability of
Proprietars
..£6,500,000
AUSTRALIA AND CHINA Incorporated by Boyal Charter, 1953;
HEAD OFFICE: LONDON-
Paid-up Capital. $10,000,000 | Reserve Fund"..
Reserve Liability of Pro-
prietors.......
£3.000-000
23.000.000
$3.000.000
Agencies and Branchet:-
SAIGON
T. E. Pearce, Esq.,
A. L. Shields, Esq.,
V. M. Grayburn, Esq.,
Chief Manager.
HARBIN
PEIPING
TOKOHAMA
(Peking) taHOANDA" PENANG
HONG KONG KANGOON
FoxRION Brexixas and General Banking Business transacted.
Janka
$1,835
H.K. Banks
4
$1,053
£1181
Bd. (London)
£1134
Chartered Banku ...
818)
238
Mercantile Bs. “A“
6th Feb. Closing Rates
B. & 9.44
9.44
alos.
9.65 10.04 10,àt
10.40° 10.50 ILI] 3.40 2.03
3.08 3.25 3.45
£141
Do
£32
214)
186
Bank of East Asia. 194
Aatamoka
1,85
1.60 1,05
-
1.55
N. 0. & S. Backs
Atoka
50
48
50
49
Insurancea
$310 $020
Csawa Inesom »50%,
$210
#317)
Baguio Gold
33
30 31
Union InsursA004 200
820
Benguet Consol"
:14
132 142
14
1!
+1
Underwriters
60
$30
Benguet Explor
10
18
er!
1 1 1 F
48
991
13
International Ánnon, 2,
Big Wedge
34
34 30
35
ડ્રન
Shipping
Coco Grove ...
77
30
71
$30
Douglasen comme
130
Consol Mines
.048
.048 .049
.048
1 1 1 1 86 |
171
SİBATİON IS
Indos (prof.) as
$35
Demonstrations
94 93
95
04
"
$36
Do. (del)
136
G. Goldfields
39
30 34
31
10/20) | Shells.......
140/3
$10
Waterbosta
Itogons
240
1.70 1.05 1.70
310
Mining
L. X. L
1.05 1.50 1.00
1.06
$20,000,000
Head Office:--HONG KONG
Board of Directors. Hon. Mr. J. J. Paterson,
ALOR STAR ILOILO AMRITSAR ΠΡΟΣ
BANGKOK KARACHI BATAVIA
SEMARANG
SEREMBAN
KLANO
SHANGHAL
BOMBAY "ONE
SINGAPUES
G. Miskin, Esq..
Chairman. CALCUTTA
CANTON
Kūdik
SITIAWAN
12 LOMPUS
BOURABAYA
Deputy Chairman. || CAWNFORK
KUCHING
TAIPING
J. K. Bousfeld, Esq.,
LEGO
MADEAD
TIENTRIN
A. E. Compton, Esq.,
СОСОМВО" MANILA
TONGKAR
Hon. Mr. & H. Dodwell,
DELHI
MIDAN
(Bhuket
047
.048
M. T. Johnson, Esq.,
КАПРИОНО NEW YORK
TOINGTAO
94 B3
J. R. Masson, Esq.,
HAMBURG
E. S. Morrison, Esq..
KANKOW
30
g
281
1,00
1.55
1,50
20/1
Kailans
*
$13.10
Rubs
$13.10€
Venoxueks duld, Fida. $7
Docks Wharves,
Godowna, etc.
H.K. & K. Wharvel
Provideats (phi)...
Do.
12:
D/.
Maabatce
44
30
49
50 50 $1
49
3.15
3.00 3.16
1108
$1.50
3180
$1.BC
50
Во 31
120 ct
(new)
10 St.
United Paracales
1.95
120
H.K. & W. Doces
$20
'
120)
E. Mindanao
1.93
37 38
1.35 1.30
36
SH
+
LI+
190
$3
New EagtuorinesS.
+++
$3
Market Comment,
Easier Uncertain
'S
S Easier S
Lands, Hotels, and
Bui dings
H.K. Hotels...
15.50
H.K Land.........Ň.
138
$105
Du.4% Dobeatures #109)
416 $IG
Shanghai Land....s
+1
H.K. Kealties..........
$44
$4
Chiun Do...5.
100
Do. Debentures.
Sut
Humphrey
$78
Chincau Estates.....
Cotton M
$10,60
198
$68
$30
BLOT
Min. Resources
Northern Mining
Paracale Gumaus Ban Mauricio
Suyoc Consol
***
41
Er
38
-
18
17
70 89 81 70 77
1:
152
78
Amoy
77
Bangkok
3.30
3.05 3,00
9.96
Batavia
Jobore
48 47
47
Bombay
Kobe
Calcutta
36
1.23
35
Canton
Chefoo
Colombo
Toy 1106
88
$13.70
Shanghai Docks S.
Metropolitan Lands..
Ewood.
8' Cottone(old)S.
Do. (Dow
Zoung Sings..... S.
Wing On (extilss(i).}}
Pablis Utilities.
Park Trains (old) .....)
Dia (IAW).
Yaumati Ferries...
Tramway
******
***
F8
$ E E E E E E
LONDON EXCHANGE RATES
Parta Geneva Berlin
Athens
The
A. K. STOCK EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
market. displayed some
signs of strength there being tair enquiries for Wharves. Providents, old, Hotels, Realties, China Lights. old and Telephones new,
Milan
Copenhagen
BUYERS
(British Wireless Service)
Branches:- Iloilo Peiping Ipoh Penang
Rangoon Saigon Kowloon San Fran Kuala
Disco Lumpur Shanghai Loudon Singapore Sourabaya Foochow Malacca Sungei
Dairen Lyona
Haiphong Manila Patani Hamburg MusT
Tientsin
(Johore) Tokyo
Mukden
Tsingtao
Hongkew New York Yokohama
Current Accounts opened
Hankow
Harbio
Feb. 4 105-7/62 39.40 12.16
Feb. 6.
105-7/84
28.99
12.16
93
93
Stockholm
Shanghai
31
141
New York........
4.891
4.89-3/16
Amsterdam
5.931
8.936
$13.10
$13.10
$13
$13.10
Vienna
14
24
13
187
Star Ferries
187 1:4
113,86
ht
Chins Lights (old).....]
$10096
The Manila market opened un- certain and at the close, after easing off, most quotations show a $13.66 decline on the day's trading. ,10,90
Prague
140)
140-5/16
Madrid
Lisbon
Hong Kong iconi
Do.
(now)...
Bombay
320
H.K. Electrica ....... Macao do.
/*** $501
#153
Montreal
Brussela
4.891
110
1201
Sandakan Light, .......
o d
Yokohama
29.021
4.891 21,42
130
Tutuphones joid) ...
BL1.00
Do. ‚{new};
sil
Belgrade
Monte Video
China Buzos......3.
27/
Traction S
20/6
7/-
110. (pref.) .....
industriala
$19)
Caldbook, Lord.) S..
H.K, Lands. $36,
SID
Macgregors (pref.)8.
H.K. Realties, $4.55.
Canton Icas
11,70
$11.20
$10 80
H.K. Trams, $13.10. Peak Trams (Old), $4.
$2.60
$22.00
$4}
$1.85
40 cts.
53.90
Ce munty
Rupea......$2.80
Miscellaneous
Dairy Farms.......
Ch. E'tainmeats....... Constructions, (oldj
H.K
Govt. 4% Loan
Do, 31%
Wallace Harper....
Canton Ins., $310.
Union Ins.. $620:
H.K Steamboats, $84:
H.K, Wharves, $1081.
Providents (Old), $1.62).
Raubs, $13.10.
H.K. Hotels, $51.
Peak Trams (New), $1.
China Lights (Old). $13.85.
H.. Electrics, $551,
Telephones (New), 311.00.
Cements, $10.85.
Dairy Farms, $22,80.
Watsons, $3.90.
S'hal Cottons (Old), Sh.$98. * S'hal Cottons (New), Sh.$68. Constructions (New). 424 cta. Consol. Mines. .879 cta, Demonstrations, $1.50.
44
*1.30
Laue
Do.
(new) ote. Crawfords... Nanyang Tobacco.
15.90
RK. Ropes, $3.
14
121
Siuzaros
12.10
Wm. Powells.******
Watsons $3,90
$,
C. Enterprises
130 eti
93/ Ch.G.5% 1925G. Bd. prox. 87 pr... 142
31
% #a108 310
tre
150
H.K Wing Ou...
S'hai Do.
161
151
Vibro Piling
•Sales to Shanghsi
HONG KONG TIDE TABLE
from February 9, to 16, 1937.
HIGH WATERS.
Date of
Houg
LOW WATER
Height
i
Kong
Hong Kong
9Btandard
Standard
Time.
Tixe
b. m.
la.
h. m.
TECH, 9
09 40 41 1946
Wed 10
Thur 11
09 18
20 35
100
74
45
21 17 7 a
દ્વારા ર
Height
02 40 1 1
1321. 5
fu
02 16 07 1407 81
03 45
1452
28
2419 10 5
16 30 22
Bi.
12
10 28
22:03
dät.
13
1050 15 3
989 487 21
18 21
Sun 14
Mon. 15
11 28
57
23 35
6 7
1200 80
TARIFF
05 211 1
HONGKONG METEOROLOGICAL
REGISTER.
Hong Kong Vossevatory, Feb. 8.
Previous On Date On Date
Day
Ab
at 4 p.m. 10 a.m0.
4 p.m.
Barzmeter... 28.99 30.17 Temperature
30.13 62
Humidity. 17
85
Direction
ENK
Wind-
Force... Weather BC
Rain...
Bighost open-air Temperature, 7:79 Lowest open-air ·Temperature," '8:69
SELLERS
Humphreys, 101.
Star Ferries, $83.
Constructions (Old), $1.05.
Consol, Mines, .081 cts.
4
SALES
HK Steamboats, $81. H.K. Docks, $20. Providents (Old), $1.60. HK, Lands, $38, HK. Tranis, $13.10. China Lights (Old), $13). HK. Electries, $552. Telephones (New), $11.60. Canton, Ices, $2. Ewo Cottons, Sh.$15.70... Consol. Mines, 8 cts. Demonstrations, $1.57. E, Mindanao, .80 cts. San Mauricio, $5.30.
B=Blue sky; 0=-Cloudy; :D- he may create one under this law Drizzle; F=Fog; L-Lightning; to work for him. The law is now 17 10 21 M-Mist; O-Overcast: PaPassing in the hands of President Roosevelt 05 63 18 Showers: a JusRqualls; Rmkan; for approval. 18 02 29 | T~Thauder...
ཊྛི*
Bucharest
Silver (forward)
Silver (spot) ...... War Loan
ON LONDON:-
10-15/16 101
34% 104-11/18
Closing Quotations
February 8, 1937.
Telegraphic Transfer... Bank Bills, on demand 1/2 Credits four months”
sight
ON SHANGHAI:—
On Demand
ON SINGAPORE:---
On demand On JAPAN:-
. On demand
On India:
1/3 1/18
20 1/10
ON NEW YORI:~
'Bank Bills, on demand 30 6/8
Credits, 60 days' sight. 30.1{{6 ON BATAVIA:~~
On dewand ON PARIS:-
Bank Bills, on demand 650 Credits, 4 month's night 675
ON BALGON:-
On demand
64]
322
ON MANILA:---
On demand
(03/18
ON BANGIDI:-
108)
On demand............. 149
Bank Buying SOVEELIGNE
Telegraphic Transfer... 817
Bank, on demandinnen,
Bato
...... 1/3 BAR SILVER, por o 20 1/16
How To Avoid A Slump.
In one respect we are better placed than ever before,' On pre- vious occasions a shortage of cash has nearly always played a #igni ficant part in turning the boom
into the slump, writes a Home correspondent, Prices and wages are sure to rise somewhat with an Increase in output. Nor is there anything wrong in that: for it is to be sharply distinguished from the so-called "vicious spiral” which attended the post-War currency inflations. But the higher in- comes resulting from increased output at a higher level of costs naturally require more cash,
CURRENT ACCovers opened and FIXED DEFOstrs received for On" Year or shortar periods at ratar which will be quoted on applic tion.
The Bank's Head Office in Lòn don undertakes Executor & Trustee business, and claima recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branchen.
A. BREARLEY,
Manager.
THE CHASE HÄNK
Local Currener and Pized Deposits 15, QUEEN'S ROAD CENTRAL received for one year or aborter periods in Local Currency and Sterling on terms which will be quoted on application.
Also up to date Safe Deposit Boxes in various sizes Te Let. Hong Kong, 8th Feb., 1937.
HONG KONG SAVINGS BANK
abors
HE Business of the T
Bank is conducted by the HONG KONG & SHANGHAI BANKING CORPORATION, Rules may be obtained on application.
For the HONG KONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. "Hong-Kong, 24th February, 1938)
BANK OF EAST ASIA, LIMITED.
Authorised Capital ...$10,000,000.00 | Paid-up Capital .................... 5,508,800,00
Beserve and Undivided
Prosts.............
8,886,395.09
HEAD OFFICE:-HONG KONG No. 10, Des Voeux Road, Central
Boar l'of Directora s
Sir Shouson Chow, Chairman
Li Koon Chun, Baq. Li Lan Bang, Esq. P. K. Kwok, Esq. Wong ChuSon, Esq.
Wong Yun Tong, Esq. Kan Ying Po, Esq, Chan Ching Shok, Esq.
Kan Tong Po, Esq., Chief Manager, Li Tre Fong, Esq., Manager,
Branches and Aqencisa,;—
Korison Pasang
SIGOY
Hintavis Denby
London
Calcutta
Canton
Haiphong Bankow
MARIA Kilbourne
Tagak! New York
Chake
Hockin Parla
Kobe'.
Felping
BAGgoon
Baunton & @watom
Belgra Byndsy
San Fran-
elson
Butle Bamazing Bhanche
Bingapor
Talboka
Tentain
Tokyo
Yan Dotter
Yokohama
HEAD OFFICE:
18, PINE STREET,
NEW YORK:
An.. American Bank offering dome plete Foreign Banking Berrios in the principal Markets of the world. interest Rates on Applicatioä.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHARK NATIONAL BANK, NEW YORK, with Resources over U.S. $2,027,000,000.00
D. M. BIGGAR,
Manager.
THE YOKOHAMA SPECIE BANK
*LIMITED
Capital (fully paid up)
Yen 100,000,000 00 Reserve Fund... Yen 130,900,000.00
HEAD OFFICE:-YOKOHAMA
BRANCHES AND AGENCIES. AT: Alexandria Honolulu Bangoon
Bio do Bangkok Hainking Batavia
ADeiro Berlin
Ban Bombay
Francisco Calcutta
Semarang Shanghai
Canton Dairen
Karachi Koba
London
Los Angeles Seattle
Manila
Moji
(Dalby) Nagasaki Singapore
Fengtien Nagoya
Hamburg Osaka
Soerabays
(Mukden) New York
Sydney
Tientain
Tokyo
Tsingtao
Yinkow
Harkow Cari
Harbio Paris
Hong KongBeiping
Interest allowed on Current Ar- counts. -
Deposite received for Fixed Periode at rates to be obtained on application,
Y KANO,
Manager.
Every description of Banking Hong Kong, 13th Nov., 1938.
по
approved
to be belleved that better terms and Exchange businaas transacted. will be obtainable from time to Loans glanted time by those who keep their re- securities sources liquid. The long-term rate of interest must be kept contin-
nously as near as possible to what we believe to be the long-term optimuni. It is not suitable to be used as a short-period weapon.
If the Stock Exchange la unduly excited or if new issues of a doubt- ful type are becoming toọ abun dant, a higher rate of interest will
be useless except in so far as it affects adversely the whole struc-
ture
led recovery; and bus also herald- LAW TO AID QUEZON
Trade Co-operation |
With The US.
to
Current Accounts opened "In Local Currency and Fixed De posita received for one year or shorter periodis in Lool and Foreign Currencies on terms which will be quoted on application. Safe aposit Boxes To Let. KAN TONG PO,
Orief Hanau
China's Bond With Britain
11
Wider Trade Prospects
of confidence and credit. Moreover, alternative methods are available. A hint to the banks to Playing With Fire Unquestionably in past exper-be cautious in allowing their names JAPANESE COMPETITION · ·
lence dear money has accompan-
to appear, on prospectuses, and to China's responsibilities As the committee of the Stock Ex-world market were commented. This plece of legislation was de- clared in administration circles a ed a slump. If we play with dear change to exercise discrimination upon by Sir Austen Chamberlain. having been intended primarily to money on the ground that it is in granting. "permissions to deal
when he was the guest of honour would be more efficacious. And if give United States cotton plece "healthy" or "natural," then, X
of the China Society at its annust parnership Intends to use this law goods ample protection from have no
doubt, the inevitable necessary a temporary increase of dinner at Claridge's Hotel, W. to show the intention and purpose Japanese competition. Since Pre- slump will ensue.
a substantial amount in the stamp We must avold
on contract-notes (as distinguish market to-day,"
"There is no such undeveloped of the Commonwealth government sident Quezon is on a mission to it, therefore, as we would hell-Are.
he said,Mas afford American goods the seek better economic treatment for It is true that there is a phase ed from transfers) in respect of China, strong, united in itself, at
transactions in Ordinary shares maximum protection possible from the Philippines from the United in every recovery when we need to
peace with its neighbours, and States his discretionnary powers go slow with postponable invest would help to check an undue spe- developed by its own Government, a gesture of good will to United
could be used to advantage in acement of the recurrent type, lest, culative activity. ⠀ POWERS ABSOLUTE
- would afford to all the world. States exporters, especially maru-
The law which was enacted by cordance with the nature of the in conjunction with the non-recur- Nevertheless a phase of the re- "In China more than anywhere furturers of textile goods, by the
are a nation of shop- enactment of the law which con- the national assembly last year, economie concessions which the runt investment which necessarily covery may be at hand when it else we fiers powers on the Commonwealth provides that the President may at lalands would get from Congress attends a recovery, it raises ag- will be desirable to find other me keepers. We want to be able to gregate investment too high. But thods temporarily to damp down trade with the Chinese people." President to raise or lower the his discretion increase the tarin and the administration.
ព new, in Lart rates, administration circles rates by 400 per centum or lower Before leaving. President Quezon we must find other means of achie-aggregate demand, with a view to We look forward to disclosed last week.
them by not more than 75 per cen- frankly declared, that the future ving this than a higher rate of in- stabilizing subsequent activity at vigorated, and confident China. as high a level as possible. There We expect a contribution to the It was declared that President tum. Els powers are almost ab economic policy of the Islands will terest to be affected, we cannot Manuel L. Quezon who is on a mis-solute, it was explained. because he be shaped in accordance with the easily reverse the trend. A low are three important, methods open development of the world that sion to America to invite the United does not have to seek the advice outcome of the forthcoming trade enough long-term rate of interest to be considered in the immediate perhaps no other nation can give
Mr. Quo Tai Chi, the Chinese States to a closer commercial of any tarif commission although parley.
The Philippine government made
foreign competition.
cannot be achieved if we allow it future.
EXTRA MANILA CLOSING QUOTATIONS
2.0
Hong Kong, Feb, 8. Extra Manlia closing quotations figures kindly supplied by Messis. Ellis & Edgar.
Associated Mines Acaje Mining Homestake D'ulong Gold Creek Ipo Gold
Mineral Resources Mother Lode... Paracale Gold Balacot Sta Rosa Universal Expl. Maraman Dayaka Cocogrove Mambulao North Mindanao Syndicate Invest, Development Inc. Tinago
p.m.
.01
235
.0125 .01
.105
33
.205
205
.155
.305
.075
.08
38
102.00 100.00
25
1. das 8 11 8 1 98a! (81
aga!
085
12
Opened arm closed eser
Weak
Ambaseador, said tuaż Chinese and
British affairs had their roots in- tertwined in the far gift, whether in the matter of taste and culture or of world pasce.
1