#38
$13
Hon. Mr. J. J. Paterson,
T. E. Pearce, Esq., A. L Shields, Esq.,
V. M. Grayburn, Esq.,
Chief Manager.
Branches:- Iloilo Peiping Ipoh Penang Johors Bangyon
Saigon
Kuala
San Fran-
Bisco
Lumpur Shanghai London Bingapore Lyons Sourabaya
Sungei
Patani
Hamburg Muar Tientsin
(Johora) Tokyo
HARNEN
YOKOHAMA
(Peking) KAMBOANGA PENANG
HỒNG YONG BÀI COON
FOREIGN EXCHafan and General Banking Business transacted,
CUBRENT ACCOUNTS opened and FIXED DEPOSITS 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.
Rate
1.40
1.35 1.45
39
44
40
+
371
26.
26
13.35 13.00 13.50
13.25
***
184
Unquoted
.... 271
25
28
138
Coco Grave***
*** 61 83
69
63
60
$112
Consol Mines
.039
039
.041
12
DAILY SHARE QUOTATIONS
Hong Kong Stock
Boyes?
Exchange
Valar GABELO
Sharebrokers' Association
Kominal
MONDAY. MARCH. 22.
Bellars
Banke
#16801
$1,600
ALIG
2157 L33
£15
187
$317
1630
---
$297+
$1.15
$300
"0"
H.A. Banks
bo. (London) *** Chartered Banks ...
Mercantile Bks. “A”
Do.
Bank of East Asia.....:
N. C. & 8. Barka
Insurances
Canton InsUYRIODĀ..
Union Insuranost ...... Underwriter
H.K. Fins................
{International Assos, J.
Shipping
Dougionow
Steamboate
***
122
HONG KONG DÀILY PRESS. TUESDAY, MARCH 23, 1937.
H. K. STOCK EXCHANGE
AND
H. K. SHAREBROKERS' ASSOCIATION
fi
Philippine Gold Mining Quotations
$1,800
£118
BIS
£32
RIDI
་་
195
Antamoks
Atoka
$315
18311
$1.20
$296
Baguio Gold
www
Benguet Consol
Bonguet Explor
Big Wedge
20th Mar.
"B. &
22nd March, 1937
Time Received
clos.
Closing 8.43 0.43 9.09 10.06 10.32 10.37 10.55 11.14 2.39 2.47 3.14 3.35
for
J
BANKS
AUSTRALIA AND CHINA Incorporated by Royòl Charter, 1847
HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA
BANKING CORPORATION
Authorised Capital ***** $00,000,000- Issued & Fully Paid-Up. $20,000,000 Reserve Funds;---
Sterling
...£6,500,000
Hong Kong Curranay
Reserveer ser $10,000,000
HEAD OFFICE: LONDON.
Paid-up Capital Reserva Fund
£3.000.000
..................... #$%000,000
Reserve Liability of Pro-
prietors...
£3.000.000
Agencies and Branches----
ALOR STAR ILOILO AMBITSAR BANGIDI
BATAVIA
· Chairman. | BOMBAT
KLANG XORI
CALCUTTA KUALA
CAWNPORE CIBU
COLOMBO
BALOON
TAIPING
Reserve Liability of
Proprietors
$20,000,000
clos."
3,62
Head Office:-HONG KONG
IPOH
BEMARANG
Board of Directors.
KARACHI
BEREMBAN
-
1,30
1.25
1.30
G. Miskin, Esq.,
SHANGHAI
40
301
38
SINGAPORE
96
25
M. T. Johnson, Esq.,
KITIAWAN
13.CO
12.75
Deputy Chairman CANTON
LUMPUR
BOURABAYA
J. K. Bousfield, Esq.,
+4
12
261
26
U 25
A. H. Compton, Esq., Hon. Mr. 3, H. Dodwell,
KUCHING MADRAS
MANILA
TIENTEIN
TONUKAR
50
N
BB
J. R. Mason, Esq.,”":
DELKI
MEDAN
(Bhuket)
038
C035
.033
$35
Indos (pre)
$36
Demonstratious
88
84 -
88
H
$36
Do. (def.)
138
134/4
Shelia
134/44
E. Mindanao
31
31
34
30
101
Waterboats
$10
G. Goldfielda
** 24
*
25
23
£3,
N
-
Mining
19/6
Kailana -
Itogona
1.35
1.30
1.40
1.25
1.20 1,20
19 8
Haus............ $13
I. X-L
1.35
1.40
1.30
1.25
SA
Venczucia Qurd Fid] 16.10
Masbates
40 49
40
41
30
38
Docks, Wharvas,
Min. Resources
35
35
36+
34
34
34
33
granaggi
..037
K. S. Morrison, Esq.,
HAIPHONG
NEW YORK
ZEZWOTAS
HAMBURG
PRIPINO
79 80
HANKOW
99
291 31
21 99
-
1.25 1.20
1.30 1.30
30 -37 381
Amoy
Bangkok
Godowns, etc.
Northern Mining
12
11
13
11
THE
101
Batavia
3114 $2.20 32.30
131
$118
H.K. & K. Wiɛarvon.
$114
Paracale Gumaus
65
6o
71 84
03 60
Bombay
Kobe
Providents (old) ........] 22.50
Calcutta
- Kowloon
San Mauricio
270
9.5A 270
2.85
2.60 3.55
2.50
2.45 2.40
9.45
20 ets.
Do. (new)
Canton
30.ote
alt
་་
H. & W. Docks
+31)
Suyod Consol
41
44
"41
401
38+ 381 37 38).
Chefoo
Sius
Shangaal Docks S.
#101
United Paracales
92
80
96
91
90
80
83
$7
Colombe
Now Engineeringes.
$3
Dairen
Lands, Hotels, padl
Market Comment.
S
Uncertain
ន
S Eier E E
E D
W. V.W. S'dier
ន
Foochow Malucos
Haiphong Manila
Bulidings
$7.30
1351 $38036
17.30/35
H.K. Hotels
$7.30
H.K Lands.....................ŏ..
$36
H. K. STOCK
#105
Do. 4% Debentures 102,
118
Shanghai Land....
JJG
Metropolitan Lands..
$5,80
H.K. Ksalties...d
50.AB
$4
China Donat
160
Do. "Debenturess.
บ
Humphreys
#76
Chinese Extates....
Ew
Cotton MilL
B'hai Cottons(old S.
Do. (new3.
Zoong Sings
Lates
Wing Un lustilen (S.)
Pablo Utilities.
315
310
Posk Trams (old).....|
44
31
Da.
(now)...
3881
Star Ferries
1881
Yaumati Ferries ...
120
$1470
Chins Lights (old)... 114 €5 $14.80 $132
B11.70
Da (new)...
111.70
HK. Electrica .....
$58
120
Macao do.
Sandakan Light...
Do. (new)...
Tolephones (old).01.30
+30
China Busug .......
27/0
Tractions LINK
18/
Union Insurances, $830. Underwriters, "$1.20.
Yokohaina
Belgrade
17/-
Do. (prel.).......
HK. Fire Insurances, $297). Douglases, $30
Monte Video
Rlo
H. K. Wharves, $114.
Bucharest
จ
Providenta (old), $2.20,
Silver (Forward)
$2
#1.70
Raubs, $13.
$14.70 $14.85 14.60, 65
$14.00
H. K. Hotels, $7.40.
L
$4.85
'H. K. Lands, $354
HK Trams, $153,
127
Dairy Farma
a d
8271
Peak Trams (old), $4.
$44 $1.60
Ch. Etainments......
4,60
o d
China Lights (old). $14.80.
$5 ctá. $8,20
$81.
33
25.00
40.65
207
19.00
8. C. Enterprises
$1
967,
pren.
pr m❘ li
H.K. Govt, 4% Loans
Do.
x
Watsons, $5,85,
$108
312
Lane, Crawfords.. $9.
1101
રા
Ewo Cottons, Sh.318.30.
360
B.K. Wing O......
186
Shad Do.
374
Vibro Piling............
EXCHANGE
YESTERDAY'S
OFFICIAL
QUOTATIONS
The market opened firm with buyers predominating. There was a scarcity of shares however which made business dimcult, Docks improved following upon the Underwritera Chairman's speech. came to life after a long period of neglect and are wanted at $1.20. Manila market closed steadier. BUYERS Hong Kong Banks, $1850, Bank of East Asia. $87.
Canton Insurances, $317.
Milan
Shanghai New York Amsterdam Vienna Prague
Brussels
LONDON EXCHANGE RATES
(British Wireless Service)
Hankow
Harbin
Mar. 18.
108-7/16
Paris
21.451
Geneva Berlin
12.149
21.45 12.141
Athens ***-•yṣ*•*-
92-13/18
92-13/16
Copenhagen
Stockholm
$16.30 3118
393
120
Tramways... 14.00 15.10
Industrial
$16Caldbeck, Hardy) B.
Macgregorf(praf,)8.
Canton Loss
Cemente Ropes......
Miscellaneous
Constructions, (old)
Do.
(209)
Lans Crawfords..... Nanyang Tobacco.,
Rinceres ............ Watsons...
CLG. 521925 G.Bd.
Wallsce Harper
•Sales to Shanghai
THE EXCHANGE +
MARKET
MESSRS. ROZA BROS.
Silver prices dropped 3/16 over the week-end for both deliveries,
149
$18.46 $118
#90 $30
56%
EXTRA MANILA CLOSING QUOTATIONS |
Hong Kong, Mar, 2. Extra Manila closing quotations ngures kindly supplied by Messrs. Ellis and Edgar.
the quotations being 20 9/16 for Acaje Mining Ready and Forward. Silver ad- Angelo vices reported China and specula- Dulong tors as having sold. India bought. Gold Creek The market closed steady...
The London-New York cross- rate was quoted at 488.45. New York-London was quoted at 488.- 11/32.
MARKET Steady but very quiet.
STERLING
There were sellers at 1/2 29/32 March-October, buyers at 1/2 15/18 for any delivery. No trans- actions were reported.
・・・U.S, DOLLARS
A small business was done at 30 3/8 for March delivery. There were sellers at, 30.3/8 March and
30 5/18 April-July, buyers at 30
7/16 March-April and 30 3/8 May- July,
י
SHANGHAI DOLLARS
·Business was done at 101 15/18. for cash. There were sellers at 101 7/8. buyers at 101 15/10 for cash.
SHANGHAI MARKET There were sellers of Sterling at 1/2 5/8 March, buyers at 1/2 21/32 cash. US. Dollars, sellers.
At 29 3/4 March, buyers at 29 13/13 for cash.
Ipo Gold
H. K Electrics, $59. Sandakan Lights, $111.". Telephones (old), $304. Telephones (new), $12.36:
Cements, $15.05.
H. K. Ropes, $4,
S'hai Cottons (ald), Sh.$118. S'hai Cottons (new), Sh.$93. Constructions (new), 45 cts.
SELLERS
H K. Steamboats, $104. Union Waterboats, $10.
Providents (old). $2.30.
H. K. Lands, $36.
H. K. $15.30, Cements, $15.10. Dairy Farms, $27:
SALES
Hong Kong Banks, $1850/1860.
H. K. Docks," $32.
H. K. Trams, $15.10/15. China Lights (old), $14.80, Cements, $15.10.
Demonstrations, $1.37.
March 20 106-25/64
4.88-11/15 8.931
4.884 8.92
140
Madrid
Lisbon
Hong Kong
Bombay
Montreal
+4.881
20.001
29.01
4.88
Silver (Spot) War Loan
Un London:—
Hongkow
Mukden Tsingtao
New York Yokohama
Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local Currency and is, Sterling on terms which will be quoted on application.
Also up to date' Safe Deposit Boxes in various sizes To Let. Hong Kong, lit March, 1997.
HONG KONG SAVINGS BANK
HE Business of the above Tanks conducted by the HONG KONG & SHANGHAI BANKING CORPORATION, Rules may be obtained on application.
For the Howe KONG & SHANGMAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager, Hong Kong, 1st March, 1937.
201
201
20-9/16 20-8/16
34% 1024
BANK OF EAST ASIA, LIMITED.
Closing Quotations
March 22. 183.
Telegraphic Transfer... 11/5. Bank Billa, on demand 27/3% Credits four months'
night
ON NEW YORK:-
Bank Bills, ou "demand 30 3/16 Credita, 60 days' aight. 30 9/16 OX BATAVIA:-
On demand HOW Parts:~~
* B47
Bank Bills, on demand 657 Credits, 4 month's sight 087
ON BALGON:--
On demand
ON MANILA:
1/a 1/8
ON SHANGHAI:-
On Demand
101
ON SINGAPOR" :----
On demand amman kan
521
On JAVANI-
!!
ON BANGIOK :———
On demand
108
On India:
Telegraphic Transfor...
Jell
Baak, on demand...
On demand.
On demand
Soversions Bank Baying
Hata
BAR BILVES, por o
83-9/16
Authorised Capital #10,000,000.00 Paid-up Capital Reserve and Undivided
Profits
5,596,600,00
"THE_CHASE BANK QUEEN'S ROAD, CENTRAL.
HEAD OFFICE:
18, PINA STREET,
NEW YORK
An American Bank offering com
plate Foreign Banking Berrios in the principal Markets of the
Interest Rates on Application.
SAFE DEPOSIT BOXES
world.
*
This Bank is entirely owned by.
THE CHASE NATIONAL BANK, New Yonx, 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 139,650,000,00
HEAD OFFICE: HONG KONG" No, 10, Des Voeux Road, Central.
HEAD Onia:-YOKOHAMA
BRANCHES AND AGENCIES AT: .............................. 2,776,723,70 | Alexandria Honolulu Rangoon
Bangkok Hsinking Bio do Batavia
Karachi Janeiro Berlin Kobe San Bombay
Francisco
Board of Directora
Sir Shousen Chow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, keq. Wong Chußon, Esq. B03/18 Wong YunTong, dag. Kam Ying Po, Esq.
Chan Ching Shek. Esq.
Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq.; Manager.
Branches and Agencies 2-
1497
*... 1/23/2
20 9/te
Amoy "
Kowloon Pinang
Bacaria
SLOW
Bombay
Saigon
Chooti
Cactus
Melbourne Ban Pran Wagasaki
Halphong
Bankow
New York deacide Deska
Avoid Slump By Avoiding
A Boom
London Bayoon Mandia
Testals Tokyo Yahoouver Shanghal Yokobus Pulping Singapore
Honolulu Paris
Kobe
Every description of Banking End Exchange business transacted. "granted on approved
"We can avoid a lump only if, round the corner would no longer Loans
we take steps to avoid a boom," starve quietly. declared Dr. J..A. Bowie, Principal
1937 AS FEAK YEAR Discussing the question
securities.
Current Accounta" opened in of th School of Economica, Dun-
of Local Currency and Fixed De dee, when speaking in Edinburgh. whether we were in a boom to posita. received for one year or Local and shorter periods" in One of the two great tasks of day. Dr. Bowle said there were
Foreign Currencies on terms which this generation, Dr. Bowie want many false indices, but certain will be quoted on application. on, was the creation of some form general. Indices agreed that since
our | 1932 there had been a steady im- |
provement in industrial activity. accompanied by a fall in unem- ployment.
£12,000,000 Scheme of conscious control over
H. K. Hotels, $7.40.
E.M. D.I.
H. K. Lands, $36.
Associated. Mines
.00%
008
.195
.19
.135
.13
.165 .151
235 .23
.25
25
Gold River Mother Lode
.075
.071
Unq.
Paracale Gold
.23
.23
Salacot
.06
.06
To Be Shelved
Batong Buhay
018
.027
Universal Expl.
32.
301
Dayaka
22
.23
Crown Mines Mambulao
I understand, to sheive the £12,-
17
17
Syndicate Invest.;
.11
.101
Tinagao
23
23
dent...
Santa Rosa
.06
.06
Mine Operations
IN THE AFTERNOON
economic destiny.
Not only were the fluctuation of the trade cycles now, more violent, but we were to-day learning to
A decision will be taken shortly.look on them in a new light."
He would be inclined to say that the historian looking back, would
We used to expect the unfor- fix 1937 as the peak of the boom, 000,000 Charing Cross Bridge tomate in the time of slump to followed by a plateau period, and scheme again--this time for several starve if need be, but men who then a definite recession in 1998. years, writes & Home Correspon knew that abundance lay just
%
The market was dull in the labour during the present boom. afternoon. '
The main and immediate cause of this ebb and now of trade, he thought, was the wide variation In the amount of resources devoted to investment werde har f
Safe Deposit Boxes To Let
KAN TONG PO,
Chief Manager..
SINGAPORE RAW RUBBER
Buyers
'....
8. B. JOSEPH & CO.
Hong Kong, Mar 20 Reasons for this decision will be .10 Easy. Closed similar to those which have led to
Mesars H. B. Joseph & Co., re- more welcome, it is thought, when Govern- of the steadler, reconsideration
ceived the following quotations ment's 22,700,000 Whitehall re- the expansion in other directions
ADVISING: THE GOVERNMENT · is exhausted, and money and
from Singapore in Straits Currency building scheme, namely:
labour are again available for To curb a boom, and so avold for Raw Rubber or obtaining sanciens major public works.
a slump, we needed a conscious "Dimculty of
plan by which the supply of SHORTAGE OF STEEL
money could be cut down when' Shortage and high price of steel, caused by the defence programme. The shortage of steer would: it is business starts to bolt and now To lesser degree, considerations of pointed out, greatly increase the money poured in when it stag- original estimated cost of the new materjal oli i palet, plaka defence.
Questions affecting economic bridge. Already plans are in hand The usual juggling with the policy also arise. It is felt undesir for building a Thames tunnel tur-rate of interest was a clumsy wid able to undertake a scheme cost-ther east, which will absorb a dangerous weapon, and direct coti- ing so many millions at a time, great deal of surplus London trol of new issues was likely to council to advise the Government Bellers at 30 3/8 March and 30 when anxiety is being expressed labour. The Government's new be more effective, and the business communi 5/18 April-July, buyers at 307/16 about the end of the present Whitehall ances, when started Finally, declared Dr. Bowie, wo the successive steps to be taken to
needed".a Dermanent economic stabilise economic activity. March-April and 30,3/8 May-July. "boom. The scheme would be upon, will involve still more men.
IN STERLING
No bustness was reported, finish- ing with sellers at 1/2 29/32 March-October, buyers at 1/2 15/16 for any delivery,
U.S. DOLLARS
Spot April-June July-Sept. Oct.-Dec.
Market:-Quiet,
414 Down 4 411 Down i 42) Dówn 424 Down,
to
Calcutta Los Angele:Seattle' Canton
Dairen
London
MapilaTM
Moji
*
Semarang Shanghai
(Dalny) Nagasaki Singapore
Fengtien Nagoya
(Makden) New York Sydney.
Hamburg. Osaka Hankow
Harbin
Otar
Paris
Soersbays
Tiontain
Tokyo
Tsingtao
Hong KongPeiping Yinkow
Interest allowed on Current An- Dounts.
Deposite received for Fixed Periods at rates to be obtained on application.
Y, KANO.
Manager. Hong Kong, 10th March, 1937,
NEW H.Q. FOR GAS INDUSTRY
Company's 125th Year
Mr. Walter Runciman, President of the Board of Trade, Mr. W. 8. Morrison, Minister of Agriculture, and Captain Crookshark, Becre- tary for Mines, were present at a huncheon in London recently to celebrate the opening of Gas In-: dustry House, Grosvenor-place.. The occasion was also the 125th anniversary of the founding of the das Light and Coke Company.
Mr. Runciman said that "there was no industry in the country which was better jfided in hav- ng handsome head quartera. Gas Industry House represented the unity of spirit which pervaded the whole of the industry. There was one thing of which they could be certain and that was that the knowledge, skill and enthusiasm of the Industry, were not confined to capitalist concerns, but were shar ed equally with the local authori- ties, who were in very close touch with the small consumer.
I am vitally concerned," he con-
tikusd, “because of the 17,0000,000) tons of coal which the industry turns into gas each year.".