Buyane
Belie
Balte
31800
196
1620
IT!!
#1!!!
المجنا منصب
Banks
H.K. Banks
Do.
Saturday, Feb. 27. Messrs. G. A. Harriman & Co.' weekly share report and market to-day 1ssued review states:
Another quiet period falls to be recorded this week, which being Race Week was only to be expect. ed, although the stagnant state of the Manila market can 'scarce-
attributed
same to the 60 otly be
cause. Hong Kong utility "shares have been the bright exception, with buyers outnumbering sellerd so that rates shew further satis factory improvement, Hong Kong Electrics have been dealt in up to $58 cum, and should go higher. were taken at Telephones (old)
Chairman.
Deputy Chairman,
AMRITSAR ΒΑΝΟΚΟΣ BATAVIA BOMBAY CALCUTTA CANTON
KLANG
· KUSE KUALA
LUMPUR
SITIAWAN
12
DAILY SHARE QUOTATIONS.
Hong Kong Stock
Exchange
THE SHARE
HONG KONG DAILY PRESS. MONDAY, MARCH 1, 1937.
LONDON EXCHANGE RATES
MARKET
Sharebrokers'
<British Wireises Service).
Feb, 25.
Feb. 27.
Association
Harriman's Weekly Review
Parts
105 7/64
105-5/32
Geneva
20.431
21.424
Berlin
12.151
12.16
SATURDAY,
Boyacı
FEB., 27.
BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION ·
Authorised Capital
$50,000,000 Issued & Fully Paid-Up $80,000, 800 Reserve Funds:-
THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA
• Incorporated by Royal Charter, 1851 - HEAD OFFICE: LONDON.
Albers
Milan
92 29/32
921.
Sterling
£6,800,000
Hong Kong Currency
Copenhagen
Reserve WALLARTA
$10,000,000
Paid-up Capital................... Farve Fund....
$3.000.004 £3.000.00
Rederve Liability "ät Pro-»
Stockholm
Reserve Liability of
prietors
£3.000.000
$1,265, a d
xj
£113
-u. (London)
£113
16
Chartered Banka....
B16)
933)
Mercantile Bks. “A”
215
Bank of East Asia...
N. U. & S. Bapha...
Insurances
3310
Canton LauIMISJON,
Union Insuradas ...
***
$1
Uuderwriter
34
International Asson, S.
Shipping
Dongiano paren
$33
181
Steamboats
181
130
indon (prot.)
$30
$36
Do. (def.)
136
1699 Shell
$10
Waterbos
132/6 $10
Mining"
224 Kailans
Kaaby...TALSIN KAT
ed
11/- $131
Venezuela Guid Fida. 17"
Docks, Wharvas,
Godowns, etc.
$109
H.K. & K. Whacres.
20 201
at
noon
Shanghai M New York......................................................
Proprietora
..$20,000,000
4.88 31/32 8.927
„4.885.
Agencies, and. Branches:-
8.921
Head Offco:-HONG KONG"
ALOR STAR
ILOILA
BAIGON
Vienna.
SEMAHANG
ad
188 育
$310 1890
Prague
140
140
"Board of Directors. "
KARACHI
SEREMBAN
Madrid
G. Miskin, Esq.,
SHANGHAI
SINGAPOR
Lisbon
Hon Hoat
M. T. Johnson, Esq.,
SOURABATA
Bombay
1/01
J. E. Bousdeld, Esq.
Montreal
4.88 13/16
4.83
$30
**
28.02
20.02
Hon. Mr. S. H. Dodwell,
CAWNPORZ
+9
KUCHING HADRAS
TIENTSIN
COLOMBO DELF1
MANILA
TOYUKAR
MIDAN
HAIPEDAG HAMBURG
NEW YORK
TRIOTAŬ
PRIPING
(Bhukde)
20-3/16 201
V. M. Grayburn, Esq.,
Chief Manager.
-319% 1028.
Amoy
Bangkok
Branches:— Iloilo Ipoh
ON NEW YORK:-
Batavia
Johore
Bank Bille, on demand 30 3/16 Credits, 60 days' night. 30 9/16
Bombay
Kobe
Calcutta
Kowloon
ON BATAYTAC-
Canton
Kuala
On demand
K4Z
Chefoo
...1/3 1/33
ON Pizia:-
Calombo
, 10ìន់
Bank Bills, on demand 649 Credits month's night 674
Dairen
On demand
523
ON MANILA:-
108
#33
$13.10
1#2
1995 H.K. Firts jammer
11.70 Providents (old) ...
(new) Do. H.K.&W. Docke $164 Bhangasi Docks S. $1New Eugineering9.
Lands, Hotels, and
Bul.dlags
H.K. Lands.......... Do. 4% Debentures
Metropolitan Lasds..
H.K. Hotela
Colton Mim Ewood. B.
ad
$108
11.85
10 ota.
02.20
$104
43
ཙྪཱརཱཝཱ
$5.65
cd
1381 #10
$5.00
3105
416
Shanghai Landa.....
SIL
$4.83
H.K. tialties
34
Chium DoS
860
Do. Delenticus S.
38 40
Humphreys ****
(8)
$78
China Esustes,...
•
$18.35
398 168
$30
$43
$13.10 ±
32
$24
$13.80
110.80
$16.10 $102 377
EN
$13
I d
S'hai Cottnistvldj3.
Do.
(now S.
Zoong Sings di Wing On Textiles(D.}}
Public Utilities
Tramways
+21
Pook Trama (old)... Hi
Do. (now)...
Yaumati Forries
***
Du. (now)...
$83
Star Ferries...
$83
$10
$13.8u
China Lights (old)... 13.80
1.80
$58
#571
$20
น
110
od 139
ad
481
!!!!
H.K. Electrica $37 Maceo do Sandakan Lights ... Telephones (old) .... Do. (new)
China Buses.....8.
178 | Tructions - dinin
Ē តក់ - ខ្ទឹមដ≡
$10
11
#
$930
323.70
45. cts.
$1.80
ཙ ཙུམྨཱངྒཱཏཛྫོ– རི॰ ཆུ ཿར
Dk. (pref.).....
Industrials
Caldbock. ord.) 8. Macgregora prof,)8. |
Canton fees..... L'ementa Ropes
Miscellaneous "Dairy Farmon ......n an
Ch. Etainment!........... Constructions, (old)
Do. Lane Crawfords................ Nanyang Tobacco...
(доп
Siacerea ***** dị
Watsons .ON Wm. Powells ....... S. C. Enterprisen 98%, Ch.0.6219250,9Bd!
prem
prem.X
HK. Gort, 4% Loans
31%
Do.
Wallace Harper BLK. Wing On
S'hai Do Vibro Piling
•Sales to Shanghai
THE EXCHANGE MARKET
MESSRS, ROZA BROS.
Saturday, Feb. 27.
Silver prices rose 1/18 yester- day for both deliveries, the quota- tions being 20 3/18 tor Ready and 201, for Forward.
aliver
:‛ཨྠརྩ ,: ! སྐྱུ:;
$10.90
Benerals
Yokohama Belgrade
Monte Video (weak
Bucharest
Silver (forward)
Silver (spot).torio laganker War Loan
201
20 1/16
Closing Quotations
February 27, 1937.
$30 cum. and Lights (old) con- Unue in good buying enquiry at $13.80. (New) Telephones have repapsed to a nominal quotation of $11.25 cum, but (New) Lights- Star can be marketed at $10.85.
ON LONDON': - at shade better Ferries
are a
Telegraphic Transfer... 11/★ $83.50 and Peak Trams (old) at
Bank Billa, on demand 27/32 are also buyers of $4.25. There
Credits four months' Hong
sight Bandakan Lights at $1.00. Kong Trams are just $13 ex div. There a parcel of Macao Elec- trics on offer for which bides are invited.
Practically no change is shew in the quotation for Cements and Ropes. which are nominally sellers at $11 and $3.50 respectively, Dairy Farms, after small transactions at $23.50 cum, are now $23.75 cum bayers. Ewos have eased back, Hotels temporarily, to Sh$125.
have steadied to $5.65.sales, and close buyers at $5.70. Lands are on offer at $36.75 cum and Hong Kong Realtys, on the disappoint- Ing report, which once again kills hopes of any dividend, are avail- able at $4.75. Humphreys are ir small buying enquiry around $9.80 ex. and Marsman Hong Kong have sellers at 10s 6d & buyers at 9s. 6d. China Providents sold at $1,70 and Docks at $20, and at these are further buyers. rates there Wharis are still nominally around $107 cum and Douglases are now wanted at $33 Unions came to $11.30 business at $822.50 Canton
$67.
wanted at $310. but there tellers of Hong Kong, Fires under $300. Hong Kong Banks are in buying enquiry at $1860 cum.
01.70
121
$13.80 e d
331 $1,70
16 ota.
48.90
34 59.10 $4
(50 eta
31
JOY
$101
261 $5+
H. K. STOCK EXCHANGE
SATURDAY'S
OFFICIAL fi QUOTATIONS
Market, closed steady, with
à
arm undertone and general en- advices reported India as having quiries for Utility stocks. bought, China sold. The market Manila market continues quiet
closed steady. After the official, and dull
fixing business was done at 1/16 under the quoted rates. American Sliver was quoted at 441 for Spot.
The London/New York cros rate was quoted, at 488.75. New York/London' was quoted at 4.89 25/32,
MARKET Steady in the absence of bust-
STERLING
ness
No business
reported. There' were were sellers at 1/2 29/32 March/October, buyers at 1/2 15/18 for any delivery,
"
U.S. DOLLARS
A small business was done at 301 for March and 1st half of Aprli. There were sellers at 301 March/April and 30 5/16 May/ June/July, buyers at 307/15 March/April and 30 May/July.
SHANGILAI DOLLARS Nothing doing. There were 'sel- · Ters at 1021. buyers probably at
102 3/18 for cash,
BHANGHAI MARKET
Steady. There were sellers at
BUYERS
Hong Kong Bänks, $1860. Bank of East Asia, $85. Union Insurances, $820, Douglases, $33.
H K.Docks, $20, Raubs, $13.10. H. K. Hotéis, $5.55.
Humphreys. $8.90.
H. K. Trams, $13 (EX.. Div.). Peak Trams (old). 41. Star Ferries, $83.
China Lights (old), $13.60,
H. K. Electrics, $513.
Sandakan Lights, $11.
Dairy Farms, $23.70. Ewo, Cottons, Sh$16.10. Shal Cottons (old), Sh.$102. S'hat Cottons, (new), Bh.$77. Constructions (new). 45 cts.
SELLERS
H. K. Lands, $36). Marepans HK.), 10/-
SALES
Humphreys, $8.
H, K Electrics,. $58.
1/2 19/32 for near, buyers at 1/21 294 for cash, buyers at 29: 13/16 for cash, UB. Dollars, sellers at cash.
Philippine Mining.
are
are
ON SHANGHAI: ---
On Demand
QN SINGAPORE:-
On JAPAN:-
On demand
On demand
O
INDIA : ---
Telegraphic Transfer... 91 Bank, on demand..........
Hong Kong
On demand B Ox Baoxor:-
On demand...m intrattet. 149 Soyquions Bank Buying
Bate
A. H. Compton, Esq...
J. Masson, Esq.
K. S. Morrison, Esq...
Hoa. Mr. J. J. Paternen, T. E. Pearce, Esq., AL Shielda, Esq.,
Feiping Fenang Rangoon Saigon San Fran-
Ciaco
Lampar Shanghai London Singapor Lyons Sourabaya Foochow Malacon "Sungei
Patani Haiphong Manila
Tientsin
Hamburg Yuar
Hankow
(Johore) Tokyo Muldon Tsingtao
Harbin
Hongkow New York Yokohams
in Current Accounts opened 1/93/Local Currency and Fixed Deposits
BAR SILVER, par an. 50 3/18
And Shanghai Bank Meeting
(Continued from Pare 2)
Seconder's Speech
-In seconding the Chairman's proposal. Mr. J. H. Taggart sald:
Hong Kong is looked forward to, and I am confident that Share-
holders heartily endorse your hope
that the foundation laid by Fis Excellency Sir Andrew Caldecott
on the occasion, of his vixit. to In rising to record formal sup
Cantoni will-under the present port to the motion covering the adoption of the Report and Ac-enlightened administration in that counts, I have at the back of my mind advice made available to a
at Shareholder-in a similar position of seconder-in connection with the flow of words deemed advisable to suitably amplify the bare ex- pression of acquiescence, to the following effect:-To think out carefully the ppening sentence to think out carefully the closing
Crown
sentence and to bring the two together as speedily as possible.
This market has again been almost featureless and quotations have mostly receded slightly. Atoks exceptionally have streng- thered to 28 cts, and Mines have been favoured up to 48 cts. San Mauricios were dealt in locally at $5.04, and small busi- in Consolidated ness
done Mines between. $0.08 and 073
Closing Comment. Hong Kong:-Mr. ---Investment Ehares in good de presented mand.
Was
Maria: Dull and featureless.
REICHSMARK RATES
Berlin, Feb. 26. The Reichsmark quots tion (with- out guarantee) is as follows:-
40.23, New York -Paris
......265. Amsterdam, ...low 75,425, high 73,475;
London,
....12,154, Paris sterling, low 105,11, high 105,14; US.A. dollar, low...21.50, high-
21.502.- Transocean News "Service.
SATURDAY RATES
Berlin, Feb. 27. Reichsmark quotations (without guarantee) are as follows:-
New York, 40.23. Paris, 865. Amsterdam, Jow 73.42, high 13.46. London, 12.14. Paris sterling low 105.14, high
105.17.
USA Dollar low 21.511. high
21,52
Traniotaan Nams Sermer.
I trust that my endeavour to adhere to the principles of that golden rule will not-to-day-leave me open to charges of inadequacy, particularly in the light of the comprehensive survey which you Chairman-have so ably to us in relation to matters economical and political, the trend of which have auch sharp reaction upon the conditions of trading encountered by the
Bank in its various spheres of operation. For your informative and heartening address. I tender you our sincere thanks.
"GIANTS IN THE LAND" Turning to the financial results for the year under review, I am confident I. válce the unanimous desire of constituents in proffering the Court of Directota-and in particular to Mr. Grayburn our Chief Manager-and to those able colleagues who have worked in collaboration with him-our con- gratulations on the excellence of the results achieved as evidenced by the Accounts with which we are ngain presented. I would add "Verily there are still giants in the land."
A
City-in due course support a structure of mutual understanding. reciprocity and goodwill of strength as will be difficult, # to demolish. His Excellency's rapid advancement in the Colonial Ber- vice bears testimony to the tact,
ability and administrative capacity which has been displayed to the full by His Excelièney during his
brief term of office here. At the impending departure of Sir Andrew and Lady Caldecott the Colony universally holds regret.
We have also suffered the loss of a staunch supporter for the promotion of friendly relations between Canton and Hong Kong in the person of the late British Consul General, Mr. Herbert Phil- 11ps. In this case also, no course remsins to us but to adjust our seme of regret to a conscloniness of gratification at his well deserved promotion to higher office and to express good whes for his future well being.
"THE CORNER STONE"
HANKOW
HARBIN
TAIPING
TOKOHAMA
(Peking) BAMBOANGA
PENANG
HONG KONG KANGOON
FORION Exchaos and General Banking Businesa transacted.
QURRENT Accounts opened and. Fixx Deoairs received for · On" v Year or shorter periods at rster 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 st any of the Agencies and Branches.
A. BREABLEY,
Manager.
t
received for one year or shorter 14, 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, 1st March, 1937.
HONG KONG SAVINGS BANK
KE
Business of the above
Tante conducted by the HONG KONG & SHANGHAI BANKING CORPORATION, Rulas
For the Howa KoNG & SHANGHAI may be obtained on application,
BANKING CORPORATION,
V. M. GRAYBURN,
Chief Manager. Hong Kong, Ist March, 1937! -
THE AUBRICAN EXPRESS
ING
THE CHASE BANK. QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PUNE STREET,
NEW YORK.
An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BANK, Naw YORK, with Resources over U.S.
·$9,097,000,000.00
D. K. BIGGAR, PA Manager.
THE YOKOHAMA SPRCIX BANK.
LIMITED
Capital (fully paid up)
Ten 100,000,000 00 Ten 130,900,000.00
CO, Reserve Fund
Incorporated with Zimited Glability in U.S.A.
***
HEAD OFFICE:--YOKOHAMA
BRANGKEL AND ÅGENGIRA AT: Alexandria Honolulu Bangoon
Head Office: 65 BROADWAY, NEW YORK Bangkok Hsinking
Batavia Karachi Berlin
U.S.$6,000,000.00 |
Canton
Capital Burplus........... U.8.$2,940,344.38 Bombay Reserves... U.8.$ 7,819.65 Calcutta Amsterdam The HagueMontroux Antwerp. Hamburg Munich
Натала Athene
Naples Havre Nice Basle
Heidelberg Paris
Lutertaken Peiping
Berlin Bombay
Brutals
Jerusalem Piraeus Liverpool Rome
Cairo
Calcutta London Rotterdam
Cuines
Lugano Shanghai Colombo Lucerne Singapore
Southampton
Copenhagen Luxor Dublin
Mánila Tientsin Edinburgh Marseilles Venice
Florence Genévs
Getoa
Milan
Monte
Vienna Yokohama
Carlo Zurich Montreal lugow Branches of American Expronë" Company in Principal Cities of United States of America Gansde
and
It is indeed gratifying to gather from your remarks that your diagnosis of the situation in the Far East embraces confidence that the better conditions which have prevailed during recent months will proceed to greater improve- ment. In the realization of such an enhancement we are assured that the Bank will continue in the forefront of trade. manoeuvres--warthily maintain the dignity and prestige of British bandied.
The Company offers to intending Banking, and, in its operations, travellers the use of its "Travelers further warrant Its description Cheques" and Letters of Credit The corner stone to the fabric of and, in addition the world wide Far Eastern Finance."
serfices of its thoroughly equipped Travel Department.
E. W. DUGGAN; Manager.
Bio do
Janeiro Saa
Francisco
Kobe London Los Angeles Seattle
Manila Semarang
Dairen
Moji
(Dalny) Nagasaki
Shangbai Singapore
Fengtien Nagoy
wrabaya
(Mukden) New York Sydney
Tientsia Hamburg Ocaks
Hankow Otaru Tokyo Harbin Paris AL Tsingtao Hong KongPeiping Yinkow
Interest allowed on Current Ac codate...
Deposita roceirad for Fixed Fettoda at rates to be obtained on application,
·Y RANO,
Manager. Hong Kong, 13th Nov., 1938.
BANK OF EAST ASIA, LIMITED.
All plasses of Commercial Bank-Authorised Capildi ...$10,000,000.00 Paid-up Capital ........ 5,503,100.00 expansioning Transactions undertaken.
Personal investment accounts Reserve and Undivided
Profits
9,685,205,59
Hun Onio:-Hore Kaza
10, Des Voix Bond, Ciater
UNION WATERBOAT DIVIDEND
No.
Boar 3 of Directoire ja - Sir Shouson Chow, Chairman Li Koon Chun, Esq.
Lan Sang, Esq. P. K. Kwok, Esq. Wong Chufion, Esq. Wong Yun Ton/Lac, Kan Ying P6, Esq. Chan Ching Shak, Esq.
Kan Tang Pd, Dog, Chief Mánagur.
Lá Tee Fong, Esq., Manager.
Branches and
In conclusion, I desire to express Mr. Chairman you have stated
to the staff whose excellence of to-day that it is the desire of the
service and loyalty are traditional Bank to work for a steady expan-
our deep sense of gratitude at sion of trade-and British trade in
their efforts which have com“. particular in the countries within
tributed so materially to the which the Bank operates. In so far as this Colony is concerned- eminently satisfactory position dis- played in the Accounts which are and speaking from personal ex perience I would affirm that the submitted for adoption to-day.
At the forthcoming annnal gen-| sympathetic attitude of the Bank With these few remark Meral maceting of Union Waterbout Ad
Chairman have great pleasure company Limited, the Consulting to traders and corporations alike, covering the past years of severe in seconding your proposal that the Committee will recommend that a depression to which you make Report and Accounts as presented dividend of 45 cents per share bë reference has beer indeed mark- be adopted. ed. Moreover, it has been syn- pathy of a degree not bounded by but verbal expression alone, endorsed by the co-operation, and Hong Kong, Feb, 27. Messrs HB. Joseph & Co., ze-active assistance, of the officials of ceived the following quotations the Bank. In this relation-I may;
SINGAPORE RAW RUBBER
A. B. JOSEPH & CO.
The motion was unanimously paid for the year ended 31st. De-
cember, 1998, 200 approved by the meeting
The re-election of the Board of Directors for the current year was proposed by Mr. B. T. Williamson, Mr. E R Burt seconding, the approval.R
Banking
Approved
from Singapore in Straits Currency add-many concerns which have mëèting being imánimous in its i corts for the week ending February Local Currency and Fixed De
for Raw Rubber:
Buyers
Spot
March April-June July Sept.
Market: Esaler,
361 Down 38% Down t 367. Down 362 DOWN
with the aid of the Bank emerged through stormy times of a severity likely to have owamped them-bear gratitude.
TRIBUTE TO HE.... It is observed that clase Operation between Canton
BOARD RE-ELECTED The re-election of Messrs, John Fleming and IL R. Forsyth as auditors, proposed by the Hon. Mr. co-T. N: Chián, and attended by Mr. J. and It. Beth, was carried unanimously,
· Ever?" descriptijë FAR EAST HEALTH: Banya beliners Tölns 1 gilfield on The health bulletin of Eastern, thecritió..
20state Plague: Bastein. cases; Katachi 1 Colombo, 2 Cholera. Basselt 4 Madras, Negabatam, f: Bangkok, 27 Emal-Pox: Bombay., & Kara chi, 11; Madras, 13; Moulmein, 18: Rangoon 5; Chittagong, 80: Hong Kong, 1; Shanghai, 40.
Torrebetra for, dhe year, or inLocal, and Fazeira Outreines bà barzh which will be quoted of capplication. Bate Deposit Boxes To Let. KAN TONE PO,