મમ
BANKS
HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA
BANKING CORPORATION
$50,000,000
Issued & Fully Paid-Up $20,000,000
.: AUSTRALIA AND CHINA Incorporated by Royal Charter, 1833
G. Miskin, Esq..
Deputy Chairman.
J. K. Bousfald, Esq., A. H. Compton, Eng., Hon. Mr. S. H. Dodwell,
3. T. Johnson, Esq.,
J. R. Masson, Esq.,
K. S. Morrison, Esq., T. E. Paarco, Esq., AL. Shields, Esq.,
V. M. Grayburn, Esq.,
Chief Manager.
CAWNPURE
CEBU
KUALA
LUMPUR
KUCHING
MADIAS
COLOMBO MANILA
DELHI
HAIPHONG
HAMBURG
MEDAN
10 URABAYA TALFINO
TIENTAIN
KEW, FOLK, TRINGTAD
PRIPINO
TOKOHAMA
TANEOW (Peking) KAMBOANGA
HARBIN
FINANG
HONG KONG BANGOON
Z FORETAŃ: EXChata /ând' General
Banking Business transacted.
..12
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers' Association
£33 Sl
કહૈ
321
HONG KONG DAILY PRESS. MONDAY, FEBRUARY 22, 1937.
THE SHARE
MARKET
Harriman's Weekly Review
20th February 1937. Messrs. G. A. Herriman & Co's weekly share report, and market review issued at noon to-day sta- tes:-
Markets have been quiet this week, although rates for utility shares have been well maintained with Hong Kong Electrics (follow- Ing upon publication of the ex- cellent annull Agures) especially
Mayeta
Blin
BAL
Nat
SATURDAY. FEB., 20.
Buyers
Banka
402
44
14
$1,800 H.K. Banks' EU13
***** $1,255:
Po. (London)
x d
218
Chartered Banks...
£311
Mercantile Bks. "A"
£14
Du
"C
Bank of East Asia... 180
:
N. U. & S. Barks...
Insurances
$310
Canton insuraUCOM
fueo
Union Insurancea............
31
Underwriters s
132
::
:::.. 4
:..
$195
EL.K. Firest
|
13
International Asson, S.
Shipping
Douglasen
$32
381
Steamboat
$35
lados (prof.) neur
136
Do.. (dot.)
142/8
Shell:_*****nst
#10)
Waterhosta
$36 141/6 $10
Mining
09.
32/-
cum.
$131
$131
፧
#312 1880 [60° eta. $30
Arm
Manila has proved a dull and easier market, with the volume of business.transacted over the period considerably smaller than for several weeks past.
Upon the announcement of a anal dividend of $1.50 coupled with a bonus of 25 cents (making al- together $2.75 for the year), Hong Kon Electrics, sold up, to $57.75 A Arst class investment, these shares should be worth at least $60. Chinh Lights (old).con- tinue to attract buyers between $13.80. $13.00 and
The "New" were dealt in at $10.85. Trams at one time rose to $13.70 cum, but 10 ot. have reacted to close unchanged
at $13.47.
a d
$108
#1.67|| }1.72}|| $1.75
$90
31:70
20 ct.
Sibt
13
Kailang
Venazuets Gold Fide7
Godowns, etc.
K& K. Whares.
Providents (vld)
Dr.
1.K. W. Docks" Shangusi Decke S.)
New EdgnaveringsS, Lands, Hotels, and Burdings
il K, Hotels
Do: 42 Debentures
$5.50 $8.00
$104
13
1301
Star Ferries continue on the easy side, sales being reported at $83: at this figure there are now buyers. Telephones (old) remain steady elther side of $29.75 cum, but the "New" are now offered, down to $11.40.cum.
LONDON EXCHANGE RATES
(British Wireless Service)
Feb. 18.
Feb. 20.
105-764
105-9/84
Paris
Geneva
99.45
21.434
Berlin
12181
'12.16
Athens
*
93 1,32
03
Milan
Copenhagen
Stockholm Shanghai..st New York Amsterdam Vienna
Authorised Capital
HEAD OFFICE: LONGÓN. ・
Reserve Funds: ---
Sterling
8,500,000
Hong Kong Currency Reserveerazione
Paid-up Capita..........
£3.600.050
Reserve Fund
63.000.000
$10,000,000
Reserve Dablilty of Pro-
prietors...
£1.000.000
4.891/16
4,891
Reserve Liability of
Proprietors
#20,000,000
Agencies and Branches:-
3.491
8.944
Head Office: HONG KONG
ALOR STAR 2010
BAIGON
AMRITSAR IPOK
SEMARANG
BANGKOK
KARACHI
BEREMBAN
Prague
104)
Board of Directors.
BATAVIA
KLANG
SHANGHAI
Madrid
Hon. Mr. J. J. Paterson,
OMBAY
KORE.
SINGAPORE
Labon
4
Chairman. CALCUTTA
BITIAWAN
Hong Kong Semelkaantoniocoscara
CANTON
Bombay
Montreal
4.807
29.02
29.03
4.891
TONGKAR
(Bhuket)
Brussels
Yokohama
Belgrade
Monte Video mem
Rio.....
Bucharest
Bliver (forward)
Silver (spot) War Loan
20-1/16.
20-1/18.
201
31% 1013
Closing Quotations
February 20, 1937.
ON LONDON: -.
Telegraphic Trauster.. Bank Bille, on demand Credits four months'
sight
ON SHANGHAI:--
On Demand ON SINGAPORM:—
On demand
............... 10'}
Bank Bill, on demand 30 Credits, 60 days' night. 30% -
Amoy.
ON NEW YORr:-
Bangkok Ipoh
Batavia
Bombay
Johare Kobe
1/3 $7/32
Ox Batavia:—
Calcutta"
On dewand
............. 55
.... 1/3 1.32
ON PARIS:-
Canton Chefoa
Kowloon Kuala
Bank Billa, on demand $49 Credits, 4 month's sight 674 ON SAIGON
Colombo
Dairen
Lyona
Foochow
Malacco
Haiphong Manila.
5.३ ३.
ON MANILA!--.
Tientsin
36
On JAPAN:--
On demand
(Johore) Tokyo
ON BANGKOK :--
FIUG
#102
On demand
100
On demand
116
Shanghai Lands...
149
10
Metropolitan Lande..
"Cements are quiet at $10.80
ON INDIA:--
SOVERKIONS
Bank Buying
H.K. calties.............
941
34
Uhina. Do
$11. and Ropes have sellers $3.50.
at
Telegraphiol Transfer... Bank, on demand..........
1/23/:8
911
90 1/10
.160
Do.." Debenturess.
z d
Humphreys ...............
来
A
Chinco ExLLION.............
Colton M
318
198
165
$31
Zoong Sings... S.
$30
Wing On Teadlas(2.)
$46
Public Utilities
$13.4G
Tramways................. Poak Trama (old) ........
$13.50
14
..Do (ies)...
383
Star Forrtes
183
$10
324
31 .80
1671
$10,80. 4571
120
Macao do.
$10
Sandakan Lights ........
130
1
Telephones (old)
Do.
... 120 60 o d
(new)
18)
China Bases ........
27
Tractions
25/
***
$5.60 15.45
34.70 34.50 141
!!!
$100
170
R1
2:
5:0
Docks, Wharves,
$16.30 Ewun.
S'han Cottontold)S..
Do. ¡news.
18:
Yagunti Furries
$13,80 Chias Lights (old)... $13.00 $13.70
Do. (new)...]
H.K. Electrica.....
Do. (pref.).....
Industrials
19 Caldbeck, Hardy S.
$15
Macgregor pref.jb.
Canton Ices
$1105 Camaats
13.40
Ropes granzauwa
Miscellaneous
$1.80 Constructions, (old)
:2
$11.35
$5.90 741 33.10
$1.70
$11 131
123
Dairy Farrus...
$41
Ch. E'tainments...
$23 $3.40
c d
$1.70
Do.
161
Lape Crawfords......
(new) (o cts.
Nanyang Tobacco...
**
Rincere
น
3+
150 ct.
80%
proc. 8%
HK. Gort 4% Loane
$108
prem. 11
Do. 31%
$101
Wallace Harper.........
$50
AK Wing On ..............]
52
8'b1 Do.
$81
Vibro Piling
10+
*Sales to Shanghai
Watsons.
Wia, Powells
་་་བ་མ་
Enterprises
0. 987.OLG.571095G. Bds.
Amortization Of Govt.
Loans
of
The Dalry Farm: annual figures. make good reading, and cum anal dividend of $1 with,also a bonus of 10 cts. (making $1.60 for the year) these look an attractive Investment at the present price of $23.50 cum, on which the yield is over 85%.
Watson are wanted at $4 and' at sales of Sinceres were made $2.10.
Ewas have appreciated to Sh. to go and are expected $16.50
1: higher.
Hotels are just $5.00, Lands were done at $384 cum and Realtys are wanted at $4.75. Humphreys of fer at $8.75 ex dividend.
third public drawing The.
Interest be paid $1,200,000. Total $8,850,500. Class A bonds of the, 25th Year
Payments will be made in the Consolidation Loan and the Arst drawing of the first issue of the case of the Third Berles of Rall- Third Series of Railway Recon-way Reconstruction Loan on and atruction Loun which was issued from Feb., 28 and of the Class A In March of the 25th Year of the Bonds of the Consolidation Loan Republic of China (1936) were held on and from July 31 through any Last week, at the Shanghai Chi-of the offices of the Central Bank of China, the Bank of China, the nese Bankers' Association.
The proceedings were conducted, Bank of Communications and the Central Trust of China throughout under the supervision of the re- presentatives of the Ministries of China, Rallways and of Audit, the Shang- hal Chinese Bankers' Association, Bankers' Shanghai Native the Guild, the Shanghai Chamber of Commerce, and the National Loans Binking Fund Administratiye Com- mission. Mr. C. B.-Tao, Director of the Loan Department of the Ministry of Finance, officiated.
The terminal numbers drawn, the amount of principal to be rel deemed and of interest to be paid were as follows:
Class A Loan
Consolidation
Bonds:-
Terminal Numbers 040, 149, 212,
400, 407, 802, 877; 962. Principal to be redeemed $1.200,-
000.
There is small buying enquiry for Marsman Hong Kong & China (10/-shares). 8/9, with sellers at
par,
were
China Providents (old) dealt in at $1.75 and later at $1.70. Docks sold at $19.75 and have fur- ther amali sellers at $20, buyers $19.50. Wharts are a nominal mar- ket round $107. cum. the annual figures being disappointing. In surance shares. have been quiet. with small business in Unions at $620 and Hong Kong Fires at $200. Cantons remain round $310. Hong Kong Banks are again at $1855 bid. cum div. Bank of East Asia are firmer at $86 cum. Douglases are now in enquiry at $32 and Steamboats can be taken at $8.50. Philippine Mining.
There have been no features and that market has been uninterest- San Mauricios ing and easier. were dealt in from $5.18 to $5,12, from $1.53 Demonstrations sold
down to $1.51 and fair business was done In Consolidated Mines be- tween 7 cts. and 84 cts, the clos- ing quotations being 8 cta. middle. Concluding Comment. Hong Kong Market:should go firmer, but at present lacks inter- est Manilla market:-Dull.
On demand ............................. 642
Bate
BAR SILVER, per on.
PHILIPPINE MINING
NEWS
A dragline dredge, the first of its kind to be used in the Philip pines, has been ordered for the Mindanao Mining Company from the Bucyrus-Erle Company through the Manila Machinery and Supply Company. On the basis of delivery suppilers, promises made by the
the new equipment should be in operation within four months, and Mindanao Mining thus in gold pro- duction.
a
of the dragline. The material, after dumping into the hopper. discharges into a revolving screen where it is washed and separated, the gold-bearing fines, being dis- tributed to a set of rifled gold- saving tables.
The particularly attractive lea- ture of this equipment is the very limited amount of human labour which is required for its operation. This results in an exceedingly low The plant, is a combination of cost operation per yard of mate- aland type dragline excavator Įrial handled. The very conserva- tive estimate of 200 yards per hour, working in conjunction with floating washing plant: The drag- which is 33 1/3 per cent below nor- line excavator excavates the mate-mal rated capacity, should mean rial from the flooded pit in which at least a monthly output of 100,- the washing plant floats and acts 000 to 120,000 cubic' yards, more or less in the same capacity as the front or digging end of a standard type elevator dredge. The washing plant on its pontoon serves in the same capacity as the after end of a standard elevator type dredge.
The floating washing plant is designed to treat the full capacity
#
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Hong Kong, Feb. 20.
The price for Ready Silver drop- ped 1/18 yesterday but the For ward rate was unchanged, the quotations being 20 1/18 for both deliveries. Silver advices reported speculators as having sold. India SOVIET COTTON CROP operated both ways. Buyers, ap
Moscow, Feb. 19.
peared sailsted. The market clos- ed steady. After the oficial fixing The Boviet Russian cotton crop there were sellers at 1/18 over the amounted in 1935-386 to 2,358,345 quoted rates but buyers were not tons of raw cotton, according to keen. American Bliver was quoted the official figures just published. at 44 3/4 for Spot.
Dinlet
MARKET
STERLING
As the estimates only amounted The London-New York croBS- to 1,877,000 tons, the result has rate was quoted at 4.88 1/4. New This is York-London was quoted at 4.80 exceeded expectations. due to the much more favourable 15/32 yield in old cotton growing ter- ritories although the crop in the did. not experimental" sections come up to expectations.
A small business was done 'at The Soviet Russian textile in- 1/2,29/32 for June delivery. There dustry was supplied with 774,000 were sellers at 1/2 29/32 Febru- tons of cotton Bbre from the 1836-ary-Aprit and, 1/8 7/8 May-July, 37 crop, as against only 520,000 buyers at 1/2 15/16 February- 40.235 tons for the previous year-
May and 1/2 29/32 June-July. 865 Transocean News Servier.
REICHSMARK RATES
Berlin, Feb, 21. Reichsmark quotations without guarantee:-
New York Paris
Amsterdam low...
high London Paris sterling low
high Dollar low
high Trimottan Yewa Service
73.54 73.57 12.165 It is hereby notified that sealed 106.12
tenders for a postal kiosk at Stan- 105.15 ley village will be received at the 21:484 Colonial Secretary's Offée "until 21.488 noon on March 1, The work con- sists of the erection of a brick pos- tal kiosk with a wooden roof.
TYRE PRICES TO RISE
New York, Feb. 20.
A further small increase in tyre! prices is under consideration, in order to compensate for the recent
Interest to be paid $4,450,500, Total $5,650,500; 21: Railway Reconstruction Loan:
Terminal Numbers 20, 46, 53,
79, 91 Principal to be redeemed $2,000,- wage increases
Reuter 000
The Registrar of Companies has tsaned to the Bassoon Trustee and Executor Corporation, Limited, certificate of registration as a Trust Company,
U.S, DOLLARS
A small business was done early in the morning at 30 3/8 for March delivery. The market clos ed with sellers at 30-3/8 February and probably March and 30 5/16 at 30 -7/18 April-June, buyers February-April and 30 3/8 May- June,
SHANGHAI DOLLARS,
A small business was done at 102 1/2 for cash. There were sellers at 103 7/16 for cash, buyers at 102 1/2 cash,
.:" SHANGHAI MARKET Opened
Branches: Iloilo Peiping
Penang Rangoon Saigon San Frau-
cisco
Lumpur Shanghai Loudon Singapore
Hamburg Muar
Hankow
Sourabaya Sungai
Patani
Harbia Mukden Tsingtas
Hongkow New York Yokohama
Current
Accounts opened in
CURRENT ACCOUNTS opened and FIXED DEPOIs received for On Year or shorter periods at rates which will be quoted on applica tion.
The Bank's Head Office in Lon- don undertakes Executor & Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
A. BREARLEY,
Manager.
- THR CHASE BANK
HEAD OFFICE;
Local Currency and Fixed Depoalts 1, QUEEN'S ROAD CENTRAL received for one year or shorter periods in Local Currency and Sterling on terms which will be quoted on application.
Also, up to date Safe Deposit Boxes in various sizes To Let. Hong Kong, 8th Feb., 1937.
HONG KONG SAVINGS BANK
THE Business of the shove Bank conducted by the KONG & SHANGHAI HONG BANKING CORPORATION, Rules may be obtained on application.
For the HoxG KONG & SHANGHAI
BANKING Corporation.
41
V. M. GRAYBURN,
Chief Manager. Hong Kong, 4th February, 1938.
THE AMERICAN EXPRESS® 10.. ING
Incorporated with Limited Elabélity in 5.8.A.
The planning of the equipment was carried out under the super- vision of Bam J. Wels of Bucyrus- Erie Company in cooperation with Frank Erno, superintendent of the Mindanao Mining Company, and the board of consulting engineer of Capital............ Mareman and Company, managers Surplus of the property:
H. K. STOCK · EXCHANGE
SATURDAY'S
OFFICIAL QUOTATIONS
18, PINE STAKET,
NEW YORK,
Ad American Bank offering com
plete Foreign Banking Bervice in the principal Markets of the world. Interest Bates on Application.
SAFE DEPOSIT BOXES
THE CHASE NATIONAL BANK, New This Bank is entirely owned by Your, with Resources over U.S. $2,027,000,000,00
D. M. BIGGAR,
Manager,
THE YOKOBAMA SPECIE BANK
LIMITED
Capital (fully paid up) g
Reserva Fund
Yen 100,000,000 00 ... Yon 130,900,000,00
HEAD OFFICE:-YOKOHAMA
BRANCHES AND AGENCIES AT I Alexandria Honolulu” Bangoon Bangkok Hinking Ria do Batavia Karachi Berlín KobeTM
Head Office; 8; BROADWAY, NEW YORK Bombay
London
Janeiro 8aa....
Francisco
Los Angeles Seattle Manila Semarang
(Dalny) Nagasaki Singapore
Calentta 17.8.$6,000,000.00 | Canton 17.8.02,340,344.38 Dairen Reserves
U.S.$897,619.65 Amsterdam The Hague Montreux Antwerp Hamburg Munich Naples Nice Heidelberg Paris.
Athens
Baile
Berlin
Bombay Brussels
Cairo
(Makdea) New York Sydney
Tientsia
Moji
Shanghai
Fengtien Nagoya
Soerabaya
Hamburg Qiska'
Hankow
Harbin
Paris.
intertaken Peiping
Hong KongPeiping
Jaraualem Piraeus "Liverpool Rome
counts,
Havana Havre
Calcutta London Rotterdam
Cannes
Lugano Shanghai
Colombo Lucerne
Singapore 'Southampton
Tientsin
Copenhagen Luxor Dublin Manila Edinburgh Marseilles Venice Florence Milan Vienna Селета Monta Yokohama. Carlo Gencs
Zurich Montreal atlasgow
Branches of American Express Company in Principal Cities of United States of America and Ganada.
Owing to the Race Meeting the market is practically closed. Hotels changed hands at $5.60, Realties $3.75 and Trama at $13.30.
الله
SELLERS
Bank of East Asia, $85. Douglases, $32.
HLK, Hotels, $5.60.
HK Realties, $4,70. Peak Trams (Old), $4. HK. Electrics, $57). Dairy Farms, $23),
Sha! Cottons (Old), Sh. $100. S'hal Cottons (New), Bh.$75. Constructions (New), 40 cta, Vibro Filing, $6.
BUYERS
Union Insurances; $620. HK. Hotels, $5.55. H.K. Realties, $4.80. Marsmans (EK.),.10/-
SALES Providente (Old), $1.70, HK, Realties, 43. "HK. Trams, $13.40:
Star Ferries, $83. China Lights (New); $10.80. HK. Electrics, $574-
All classes of Commercial Bank- ing. Transactions undertakes.
Personal investment Bocounte handled.
Tokyo Otarz
Tringtao
Yinkow
Interest allowed on Current' Am
Deposits received for. Fized Perioda at rates to be obtained on application.
Y. KANO,
Manager. Hong Kong. 13th Nov., 1930.
BANK OF EAST ASIA,
· LIMITED.
Authorised, Capital ...$10,000,000.00 Paid-up Capital 6,048,000.00 Beserve and Undivided
Prosta
2,085,395.89
The Company offers to intending travellers the use of its "Travelers No. Cheques" and Letters of Credit and, in addition the world wide services of its thoroughly equipped Travel Department.
E. W. DUGGAN, Manager.
HEAD OFFICE:-Hỏnɑ Kono
10, Des Voux Boad, Central
Board of Directors:
Sir Shouson Chow, Chairman
Li Koon Chan, Key. Lá Laż Bang, Esq. P. K. Kwok, q. WongChaBon, Esq. Wong Yunlong kaq, Kan Ying Fu, Esq. Chan Ching Shek, Esq.
Kan Tong Po E Chief Manager. Li Tse Fong, Esq., Manager.
U.S, OIL RECORD BROKEN
Anony
Bateria
Bombay
Oloniza
Lomell
Branches and Agencies
Kowloon London
Mania
Fenang
Kourokya
Bangoon, Bunion Balgon, Wynday.
Melbourne Ben Fran. Tables 'Wagasaki
disco, Tiental's
Sew Toth Sensila
Burte
Shangtal/
VaBootver Tokobama
Palping Tingsper
Every description of
and Exchange business transNË
approved
Reversing last month's down- ward trend, the production of pet ow roleum in the United States regla tered an increase during the week ending February 0; the American Petroleum Institute reported.
-For the seven-day period, the Loans granted, wells of the nation yielded an aver-securitim??: age of 3,220,750 barrels each day, which constitutes a record, as Loos! Ourrency and Flrod De casiness, sellers offering only 1/2 compared with the 3,194,000 bar- Posita received for one year or shorter periods in Lomi and 1/2. Later the selling rate rose reis of the previous week. The Foreign Currencies on Lorine, which to 1/2 11/32 for cash, buyers at daily production was also well will be quoted on application. 1/2 9/18 for Spot US Dollar, above that of a fortnight ago, ate lisposit Boxes 20 Lek KAN TONG PO, sellers at 29, 9/16, buyers probably when the average
With indicatioran
of 30 29 3/8 for cash
barrels
was 3,205,150
Current Accounts opened