8th April, 1837
7th Apr.
Clowing 9.48
B.
8.
9.48
Rates
1.00
.34
33
35.
... 24 25
24
241
23
... 12.00
19.95 12.60
! ! ! ! !
#38
$35
Douglaser
$1856] H.A. Firon virano Interuational Assco, S.
Stupplag
Steamboats
indos (prel) miss
Benguet Explor
... 12 13
Big Wodge
24
24 25
139
Coco Grove...
39
56
19
Consol Minsa
£33
.012 034 033
$35
09.
Du. {uet.} ******
150
Demonstrations
81
89
78
113/1
XB 113/0
E. Mindanao
201
18
ya
1!}༦|⌘ཚེ
$9.46
Waterboate
**
G. Goldfields
13 · 16ត
20
Mining
22/
Kailans
$134
22 6 $13.80
Itogons
1.15 1.20 1.10
1.90
1.20
I. X. L
83
BA
85
By
Venozuela Gold Fid.
Ki
Masbites
361 34. 38
Docks, Wharves,
Min. Resources
31
27
971
Godowns, etc.
Northern Mining
Q9
007 08
11
2117
$116
$2.16
*2.20
125 at
2301
++
H.K. & W. Doc
$i
#3}
7.10
1382
136
$100
110
$1
t., & K, Wharvou.
Providenta (vld) 12.15
Do. (new}}
Shangnai Docks S.
New Engineeringɔ8. Lands. Hotels, and
pul dings
HK, Hotels
H.K Lards..........
.......... Do. 4% Debentures Shanghai Landɛ .. Metropolitan Landa..
#117)
Paracale Gumaus
65
01
63
25
sota
$30
#101
San Mauricio Suyoc Consol United Paracales
2.00 2.00 1.85
1,95 1.35
33
3T
30
38
70
64. 60 03.
881 4T 8
.12
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Nnywan
vaira
$1 6651
£117
$881
$320
1635
$1.00
$1.60/ta
Sharebrokers'
THURSDAY. APRIL. 8.
Bank
H. K. Banka
so. (Loadou) ... Chartered Banks ...
Association
dudlar
MA
Bunto
$1,260 eir
HONG KONG DAILY PRESS, FRIDAY, APRIL 9,
H. K. STOCK EXCHANGE
AND
1937:
H. K. SHAREBROKERS' ASSOCIATION
Philippine Gold Mining Quotations
£15
Mercantile Bkя “A”
£33
Do.
C
2101
Bank of East Asia...
2881
N. 0. & S. Backs ...
Insurances
Antamoks
Atoks
Canton LugarMILJON.. Union insürmujoss ....... Underwriter
#320
1035
$1.00
1377 285
FLI
Baguio Gold Benguet Consol
----
1.23 1.15 1.20
Time Received
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
Reserve.
| Reserve Liability of Proprietors ***
£6,500,000
AUSTRALIA AND CHINA Incorporated by Ruyqi Okartor, 1837,
HEAD OFFIGE: LONDON.
Paid-up Capital.
.....$10,000,000 ] Reserve Fund
£3.010.00% £3.000.000
Reserve Liability of Pro- prietors
83.000.000
$20,000,000
Agencies and Branches:--
Head Office:-HONG KONG
"
Board of Directors.
M. T. Johnson, Esq.,
ALOR STAR ILOILO AMRITSAR IPON
KLANG
BATAYLA BOMBAY
CALOUTTA AVALA
BAIGON
BEMARANG
BANGKOK KARAOHI
"BEREMBAN
SHANGHAI
Chairman.
XOAC
SINGAPOR
BITIAWAN
Deputy Chairman. | CANTON
LUMPUR
KOUKABAYA
J. K. Bousfeld, Esq.,
A. H. Compton, Esq.,
Hon. Mr. 8. H. Dodwell,
CATETORE KUCHING CENT COLOMBO
TAIPING
BADRAS
TIENTSIN
MANILA
TUNGKAN
J. R. Masson, Esq.
DELET
MEDAN
(Bhukst)
K. 6. Morrison, Esq.,
HAIPHONG
BAMIVEG
T. E. Pearce, Esq.,
HANKOW
A. L. Shields, Esq.,
V. M. Grayburn, Esq.,
Amoy
Bangkok Batavia
Brinches:-- Iloilo Ipob Jabore
Hombay
Kobe
Calcutta
Canton
Chefoo
clos.
alos.
9.83 1006 10.16 19.33 10.50 11.10 2.39 3.50
3.00 318 3,38
G. Miskin, Esq.,
33
18.00
118 11
39
38
69
£3
Market Comment.
3
Uncertain S
$ S $
S Eier Elor
: 7.85
.38
H. K. STOCK
'8101
35.90
H.K. Healties.........
38
14
China Du
180
Do. Debenturas J.
Humphreye
19,10
EXCHANGE
YESTERDAY'S
LONDON EXCHANGE
(British Wireless Service)
་
Apr. 8.
106-29/64
Paris
:74
Chinese Estale.....
OFFICIAL
21.51
Geneva
Cotton Mills
1172
Ewos
$120
S'ha Cotton(old)S.
$43
(new).
31
Zong Singe
116.85 $115 $5
$30
144
Ang Un Isatiles:8; 354
Fablie Hlitian
518) | #15.10
Tramways ******
140
QUOTATIONS
The market continued quiet to dull. but there was' cretain amount of off-take where prices receded.
Berlin
12.192
Athens
93-9/32
Milan
Copenhagen
a
Stockholm
Shanghai
4.90-9/10
New York
ོད ེ: :་:#*
188
£14.7
$14.00
318
Do
Poak Trams (old)....
Do. (now)...
Star Ferrion ********* Yaunati Ferries
China Lights tolḍ)....
H.K. Elestrice ........... 140 Micso do.
24/
$1
ห
3251
N
(new)...
$144
&#
Wharves and Underwriters, were still being dealt in 'at their recent highest, $118 and $1.65 respective- ly, while Cements were a steady market at upwards of $15.30. The remainder of the list showed a
8.96
Amsterdam
Vienna
"140
Prague
Madrid
Lisbon
Hong Kong
Bombay
!! គ
Sandakan Lights .....]
Telephones (old)...
$1.85 $1
Do.
(new)
13
101
China Buses........
27/6
Tractions
人
1277-
Do. (prof.).......
Montreal
Brussela
Yokohama
29.12 4.89-15/18
$201
14.30
45 eta.
Industriala
$10 Caldbeck, an
$17
12
#15,30
$5.70
:
$1.60
10
$3,00
33.10
98.10
***
PAY
96%.
pren. 81% preta. 112
Mrogregora f(pot..S.
Canton Ice
Cements
Корея - обоват
Miscellaneous
Dairy Farma........ Ch. E'tainments...... Constructions, (old) (new)
DO.
Lane Crawfords..... Nanyang Tobacco...
Binteres
**********- &k]
Watson8......
8. C. Enterprises CB.G.0X19250.3Bds
H.K. Gort. 4% Loans
Do.
31%
Wallace Harper..... B.K Wing On
→
...
24
360
S'ha! Do
74
---
37
!་་*****།
Vibro Piling
Sales to Shanghai
STEEL TOWN THAT IS THRIVING
No steel centre of Great Britain presents a more convincing picture of thriving, expanding prosperity, than Scunthorpe, which last year' produced well over a million tons of steel from the iron field which Hles at its doors. states the "Dally Telegraph.'
There are skilled rolling men who are now 'earning a steady £15 a-week, and the general average of wages is high. Unemployment has been reduced to what is virtually a nominal figure of 900 among a population of 40,000:
Lincolnshire villages for seven or eight miles around are sharing in the new prosperity. Some of the steel workers drive into town each day in communal second-hand cars, sharing the capital and run- ning costs.
Scunthorpe itself is new, clean und well planned. It has no slums, tenements or back-to-back dwell- inga..
tons of steel ingots and castings and 1,090,000 tons of pig iron.
MAYOR'S PREDICTION Scunthorpe will then be one of the greatest steel-producing een- tres in the Empire. The open-cast working of the iron field, economic methods of manufacture, and a spirit of enterprise enüble the town to challenge the older steel dis- tricts successfully.
While steel is made in Great Britain. Scunthorpe will make it," was the quiet boast of Ald. Bernard Holland, the mayor.
Providents (Old), $2.15..
Raubs. $132. Humphreys, $9.
Peak Trams (Old), $4. Peak Trams (New), $1. HK, Electrics, $60. Sandakan Lights, $11.
Telephones (Old), $30.
Cements, $15.30.
Dairy Farms, $251. Sinceres, $3.05.
S'hai Cottons (Old), Sh.$120. S'hai Cottons (New). Sh. $93. Entertainments, $4.70. Constructions (New), 45 cta,
SELLERS Providents (Old), $2.15. HK. Lands, $361. H.K. Trams, 3151. Star Ferries. $881. Telephones (Old). $12.85.
SALES
HK Wharves, $118. China Lights (Old), $14.80. China Lights (New), $14.80. Cements, $15.30. Binceres. $3.10.
EXTRA MANILA CLOSING QUOTATIONS
41
Hong Kong, April 8. Extra Manus closing quotations figures kindly supplied by Messrs. Eills and Edgar.
"But," he continued, "let us have po talk of extravagantly high earnings. Our progress is solid and sensible. We now want to attract light allied Industries to the town to balance our tron and steel Armament has had little to do Associated Mines
with our prosperity so far. We were Acoje Mining busy before rearmament began and Angelo Dulong we intend to go right ahead."
MINISTERS' SALARY
BILL
f
It was an Austrian-Herr Man- naberg-who set Scunthorpe's foet on the path of expansion by his organisation of a new steel indus- try there in the nineties. It is still expanding, on carefully-plan- ned lines, and the new £3,500,000 development scheme of the Apple by-Fradingham works will mean leader of the Opposition should ac cept a salary, under the Ministers more housto
Salary Bill, and his constitutional position in the States be recognized
London, Apr. 7. The Parliamentary Labour Party has agreed in principle that the
By June 1 these works will be producing an additi¬nal 76,000 tons of steel a year, and when the but they did not commit them extensions are finally completed, salves regarding the amount of possibly in 1839, the annust pro- remuneration to be paid, duction is expected to be 1,000,000 | Reuter's Bulletin Service,
a.m. D... .007 .00T .15 .155 ,135 .1.35 .13 .125 .195 .19 .26 .24
ON SHANGHAI :--
On Demand
ON SINGAPORE
********** purwep “O
On demand Om JAPAN:-
On demand
Ow Iroza:
Telegraphic Transfer... 1811
Bank, on demand.........
The
Bank Bills, on demand 858 Credits, 4 month's sight d87
On demand
On damand... Bovercions Back Buying
hamjan BAR SILVER, per on.
Bate
PHILIPPINE MINING
NEWS
Antamok Goldfields office
in Manila have released the re- Dort of H. A. DeWitt, assistant general manager, stating that the reduction plan of the company crushed and treated 20,513 tons of ore last month resulting in a net recovery of P437,730.20. Part of the ore crushed, according to Mr. DeWitt is from the Gold Creek property.
The report of Mr. DeWitt fol-
lowA
"The reduction plant crushed and treated a total of 20,513 tons of ore during the month, of which 879.45 tons. came from the Gold Creek property.
"Head values from Antamok and Gold Creek average P21.22 and P18.52 per ton respectively, result- ing in a net recovery of P437- 730.20.
"Ore produced from development amounted to 2,730.72 dry tons averaging P15.03 per ton, repre- senting 13.8 per cent of the ton- nage treated and 10 per cent of the values.
1
H
"Open cut mining on the O and
082
Board of Directors:---
Sir Shouson Chow, Chairman
Li Koon Chuti, Esq. Li Lan dang, Esq. Wong ChuSon, Esq.
P. K. Kwok, keq.
Wong YanTong,Eag. Kas Ying Po, Esq. Chan Ching Shek, Esq.
Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager.
Branches and Agencies :—
1/231/32 211
Amoy
Batavia
Bombay
Onicati
Cantua
Haiphong
Hanhuw.
Ranointa Paris
"The 830, 730 and 830 levels ac- counted for most of the tonnage. All but two of the 830 level stopes have been shut down for the pre-
sent, to allow completion of the
630 and 730 levels.
"On the 950 level, the 10E Stope is ready for production when need- ed. Three more similar sections will be prepared by drawing the fill raises and affling out stopes. Development to the east is in progress on this level.
the
"On the 1160 level No. 26E Raise. advanced 42 fect, 20 feet of this advance was in ore averaging P15.30 per ton.
"Capital and operating develop- ment footage, totalled 1,052 feet, of which 132 feet was in the States Group àrea.
4
"Diamond Drill Holes No. 10-6E and No. 5-292 advanced a total of 523 feet.
"No. 1 Marcy mill was relined during the month and the two Kimball-Krough pumps were in- stalled. Considerable tonnage of bara quartz from the east sections
100 levels produced 372 tons avez-of the mine resulted in a lower
Gold Creek Ipo Gold
Gold. Rive:
07 .07
Mother Lode
Unq.
Paracale Gold
19
.185
Balacot Batong Buhay Universal Expl. Bued
.05
.05
.015
.014
215
.27
.24
24
Dayaka Crown Mines
.19
.19.
135
.135
aging P11.66 per ton. Develop. ment is in progress on the 200 and 300 levels, and considerable ton- nage from this area will be mined
Syndicate Invest. Mambulao Banta Rosa Mine Operationa Tinagac
.095
.095 out during the dry season.
.30
30
,058
055
Ung.
Kobe
Kowloon Penang London Ban.coom Mazilia Zeig Melbourne San Fran
elaco EngiRARI New York Beactio Osaka
Betrag
Palpleg Bingspers
Bourabaya
1Wacom
Sydney
Taiboku
Vientia
Tokyo
Los AngelesSeattle
Manila Semarang
Moji
Shanghai
Soarshaya
(Dalny) Nagasaki Singapore
Fangtien
Nagoya
(Mukden) New York Sydney- Hamburg Osaka .. Tientsin Hankow
Dear Tokyo
Harbin Paris
Hong KongPoping
Tsingtao
Yintow
Interest allowed on Current Ac counts.
Deposits "received for Fixed Perioda at rates to be obtained on
Y. KANO.
Manager.
application. YABOOGTER
Tokohama
Every description of Banking and Exchange business transacted. Loans granted securities.
Accounta
בס
Hong Kong, 10th March, 1637,
J:
approved
Current
opened in H. Local Currency and Fixed De posits received for one year or shorter periods in Local and Foreign Currencies on torms which
Safe Deposit Boxes To Let.
KAN TONG PO,
Chief Manager.
SINGAPORE RAW RUBBER
a. N. JOSEPH & CO.
Hong Kong, April 8. Mesto H. B. Joseph & Co., re- ceived the following quotations from Singapore in Straits Currency for Raw Rubber:
Spot
Buy exa
414 Down 20 41+ Down 29 414 Down 21. 414 Down 251
412 Down 28
May-June July-Sept. Oct.-Dec.... Market:Uncertain.
Oct.-Dec.
THE POST OFFICE
dally tonnage crushed, the average being 732 tons per day. All de- partments in the mill operated sa- tisfactorily during the month.
"Extraction, for the month was
London, April 7. 90.7 per cent for gold and 60 per
The" "building programme of the cent silver.
"The overall talling loss was: 80-Post Office, this year will involve .17. of this ore has been recovered to-luble .025cts. insoluble 611cts, or a an expenditure of £2,000,000.- Steady.date.
"All re-mined on the 390 level was from the level pillar in the west section. About 70 per cent
total of .636cts.”
British Wireless
K.
SHAREBROKERS' ASSOCIATION
BUTERS
Cantons, $320. Underwriters. $1.60. Providents (Old); $2.15. Lands, $354. Humphreys, $9.10. Star Ferries, $80. Binceres, $3.05. Atoks, 50 cts. Baguio Gold, 38 cts, Suyocs 62 cts. Consol. Mines, 58 cts.
SELLERS
H.K. Fires, $285. Wharves, $118). '.
- Providents (Old), $2.20..
Providents (New), 30 cts. Hotels, $7#..
Trams, $15. Star Ferries, $87.
SALES
China Lights, $14,70/75, Sinceres, $3.10.
THE CIVIL LIST
London, April 72 The first meeting of the Select Committee on the Civil List. post- pored from before Enster, will be held to-morrow. British Wireless.
slight recession.
The Manila market appeared the day; apathetic throughout
with slightly lower prices ruling. There
110 evidence of any
was
reaction to the morning's advices
from London and Washington, re-
garding the price of gold,
BUYERS
$2
$15.40
H.K. Banks, $1,865.
:6.56
Bank of E Asia, 5881.
Canton Ins., $320.
Union Ins.. $634, -
$10
Underwriters, $1.60.
$14
HK. Wharves, $117.
(7jota.
H.K. Docks, $303.
19
83.10
31
90% $109
101
Belgrade
Monte Video.
Rio.....
Bucharest
Silver (Forward)
Silver (Spot) War Loan
214
34% 102-15/16
Closing Quotations
ON BATAVIA
Apr. 7. 106-39/64 21.50
211 21-3/16
31 102-15/16
Colombo
Chief Manager.
Peiping Реплов Rangoon
Saigou San Fran;
cisco
Kowloon Kuahi
Lumpur Shanghai London' Singapore Lyona Sourabaja Malacca Sungei Haiphong Manila Patani Hamburg Muar ... Tientsin Hankow (Johore) Tokyo
Mukden. Taingtao Harbin Hongkew
New York Yokohama
Foochow
HARBIN
NEW VOBE, TRIMSTAD PEIFING YOKOHAMA
(Peking) AMBOANGA PERANG
HONG KONG RANGOON
FOREIGN EXCHANGE and General Banking Business transacted,
CURRENT Accourts opened 'sar' FIED Dostra received for Our. Year or shorter perioda at rates which will be quoted on applică- tion.
The Bank's Head Office in Zon- don undertakes Executor & Trustsa business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branchen
A BREARLEY,
Manager.
Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter 15, 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
THE Business of the above Bank is conducted by the HONG KONG & SHANGHAI BANKING CORPORATION, Rules may be obtained on application.
For the Hose Kono & BEANGELI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager, Hong Kong, 1st March, 1937.
BANK OF EAST ASIA, LIMITED.
Authorised Capital $10,000,000.00 Paid-up Capital......... 5,598,800.00 Reserve and Undivided
Profits.
2,776,723.70
THE CHASE BANK
' -,
QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
An American Bank offering com
plete Foreign Banking Bervios 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. $2,027,000,000.00
D. M. BIGGAR,
Manager.
THE YOKOHAMA SPECIE BANK
LIMITED
Capital (fully paid up)
Yea" 100,000,000 00 Reserve Fund Yen 132,650,000,00
HEAD OFFICE:-YOKOHAMA
1
BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon
Hrinking Rio do Karachi
April 8, 1937,
DA LONDON: —
Telegraphic Transfer... 11/2 Bank Bills, on demand Credits four months'
O NEW YORK:—
Bank Billa, on demand 301 Oredite, 60 days' night. 301
27/39
right
1/3 1/32
On demand............. ON PARIR:
"HEAD OFFICE:-HONG KONG No. 10, Des Voeux Road, Central.
Bangkok
Batavia
50
Berlin
Kobe
Bombay
· London:
Calcutta Canton
1017
ON SAIGON:-
Dairen
529
Os Mania:-
On demand
106
ON BANORO:~
Janeiro
San
Francisco
Hon. Mr. J. J. Palerman,
Dairen
S'ier Q
$
S
RATES
12.18
03-5/32
4.891 *8.043
1401
29.071 4.89