DAILY SHARE
Hong Kong Stock Exchange
Kaye
་་་
$1,815) d
Navetmal
I'd
€111
£144
EP £15
$101
QUOTATIONS
Sharebrokers' Association
FRIDAY. JULY 123.
Banks
H... Banka
"Go (London)
Uhartered Banks “..... Mercantila 8ks. “A”
Do
Bauke of East Asia...
N. 0. § 8. Bazka (...)
Insurances
Usaton_lustraİGON
13 International Amson. 5.
Binyre Ballery
$1,900
***** H⠀⠀
ad xd
HONG KONG DAILY PRESS, SATURDAY, JULY 24, 1937.
H. K. STOCK
STOCK EXCHANGE
AND
H. K. SHAREBROKERS ASSOCIATION
Philippine Gold Mining Quotations
Big Wedge...
... 18
9.10 10.00 9.75 10.00
=
FLINS
10.00
£14.
ssed July, 1937
100
and July Closing Ratex
B.
Time Received .8.
elde 9.57 9.57 10.23 11.12
2.40
307
clos
347
324
$300
$300
A ntamoks
80
80 $1
6626
Union fasurseOUS -.!
1820
$2
Underwriting
Atoka
**3 bid
21 25
124
H.K. Fires
$280
Baguio Gold
181
10
Shipping
Benguet Consol
Doligbidem iura
140
Benguet Explor
ទ
"B
Stexuib b
... 1817 1816
Indo-Chinas (pref.)
801
Coco Grove...
50
$42 108/0
Do. (def.)
Consol Mines
... 019. .09 .019
.02.
Shelle
108/14
30.30
Demonstrations
40
48
50
E. Mindanao-
17
17
18
21/-.
G. Goldfields
12
131
13
$11.45
Itogona
63
81
I. X. L
64
64 65 B3
Masbates
13
17 19 171
Min. Resources
18
$117
12.00
Northern Mining
3
4
(60 0's.;
Paracale GumAYS
27
23 271
28
1321
$108 $3
San Mauricio
1.30 1.95 1.35
3uyoc Consol
97
27
99
27. 27
United Paracales ... €1
60
Market Comment.
8.
S
S, V.Q.
S s
Qly.S.
S
$102
•
·#2.18
131
Waterbosta
Mining
20/8 Kailan masinisseme $11.40 Raubs. Venezuela Gold Fids.
$5
Docks, Wharvem, Godawns, etc.
$117
H.K. & K. Wharves.
Providents (oliṛ
eo cté.
... 1210 Da. (new) H.K. & W. Docks
Sics Shangusi Ducki S. 13 Now Engineerings
Lands, Hotels, and
Bai dings
H,K. Hotels
HK Lands
31
$60
Do. Debentures3.
$87
301
+7+
16.00
1351
Do. 4% Delantures
Shanghai Laydı.......D.
Metropolitas Laode..
$0H.K, Realties. $5.86
Chins Do .........a miði
Humpireys
Chinose EstatË
Cotton MENI
$120 8hat Cottomilá,S.)
Wing On Textiles 5.)
$14.00)
$6
116
Ewon
Du
134
Zoung Sings
190
Ewa Cotton Rts. S.
Pabile Utilities
528
186
$11,60
$121
24/
*:8
$201
Tramways used: $14§
Poak Trams (old)...] 25
Da. (new)... (2)
dtar Furrien
Yaumati Ferries
... 3263
$13,90 Chins Lights (old)... $13.35;
$13.70 Dor (new)... $13:10
160
H.K. Electrics ....) 1581
Macao do.
$14 Bandakan Lights ...
Telephones (old)... 129.10.
Do..
(new) 11.10
China Buses......ß.!
Tractions
70/- Do. (pref.)......
Industrials
10 Caldbeck, Lord.) 9.
17 Macgregoraftprof.8.
32
Canton Loea
Qonents
Ropes........
Miscellaneous
120.35 Dairy Farzda
36.20 Ch. Kinmonte.......80 11.60 Construationis, (old) $1)
Lane Crawford.......
14
SI5
16.05
8. C. Enterprises
B
ime mnpmün mü manag
318.45
$34
хтэ
13
$86
£8/-
35,20
426
$20
18.60 $8,80
Do.
net eta.
38.00
Nanyang Tabacco...
$2.00
$6.30
£5.30
Sinceres Tiruapos 20 Watsons
$6.20
31
977.. ÌCh.G, B., 19256,3 Bda, i
96%
prez. 842-
1X
prem. 1/2/
115. Dört (2Loans) 3108t
Do.
Wallace Harper...
$1011
$50
185
$100
14.30
140 ota,
6/0
49 ota.
ELK Wing On
Wha Do........
Vibro Piling
28/3 Maramans Inv. (Lon.)
W.
Powelle
(H.K)
..
• Sules to Shanghai
LONDON EXCHANGE RATES
Paris
Geneva
Berlin
(Bridal Wireless Service)
July 21 130-29/32
12.37
July 22 133 21.704 12.37
Alliens
Millan
941
Copenhagen
Stockholm
4,98-5/18
94-11/16
19.39) 1/2-9/32 4.98-3/16 9.011
142
Shanghai New York
Amsterdam
Vienna
Prague
Madrid
Lisbon
Hong Kong
Bombay
Montreal... Brussels...... Yokohama
Belgrade,
Monte Video Flo
Bucharest
"Silver" (Forward)
Blver (Spot)
War Loan
LexDow
4.98-1/16
4.981 29.60
297
218
197
19-13/16
19-13/16 19-13/18
31% 99-13/18 31 997
Closing Quotations
July 23, 1987.
Telegraphic Transfer.
Bask Bills; am, demand On thi Tour Conte
"sight
ON BHANGHAI:
On Demand
ON SINGAPORE:
On demand
Oo, demand
Telegrap
Os New four-
Bank Bills, on demand 30) Credits: 60 days' *sight. 301
ON BATAVIA
On demand
19
19/32
ON PARIN —
1/2 25/32
1048
$40/10
Bank, Bills, on demand 80 Credits, 4 month's sight 881
ON HAIGON ***
On demand
ON MINILA
100%
1913/16
-
406
10
37 €8
1
PHILIPPINE MINING
NEWS
has been spent in the construction or buildings and roads as it is the aim of the general manager from now on to copine expenditures in exploration and development.
A total of approximately 3,000, funds of the corporation for de- feet of advance on its tunnels havevelopment of the mines. Little been made by the Acop Gold Min- Ing Company since the resumption of the underground work on its property, according to the com- bined report of the president and general manager of the company submitted to the board of directors and stockholders.
The report states that since the corporation was able to secure funds to resume exploration and development work, several accom- plishments have been made, most important of which follow: a com- plete assay office and fifnctioning of the same construction of 8,000 feet of trails all around the pro perty; construction of a road from
1
During October, 1936, according to the report, the corporation was able to procure" funds to resume
H. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
For the greater part of the week, Quotations have been no- minal. During the last two days of the period, however." buyers came forward with some readiness,
though, owing to the absence of Sellers, dealings continued to be very restricted. The market im- provement may be attributed to an apparently reassuring aspect of affairs in the North
The London market appears to
exploration and immediately after the services of Bernardo R. Cues ts, licensed mining engineer. were
tunnels engaged. “Several
were cleared and opened. The
slide level whose outcrop was discovered through a dislodged boulder 100 feet down the side incline in the have placed a similar interpreta- Cacalony Fractions de considered tion on events, Ching issues hav on of the best tunnels the coming reacted sharply from the low the provincial highway-leading pany has. Samples taken from it level to which they had been been valued. Do less than marked down, and the local mar- down to the camp to facilitate the have transportation
timber and P32.30 to P38.80. of equipment; construction of a dur
ket has been influenced according- able burglar-proof powder maga- zine; construction of two labourer's bunk houses accommodating ap proximately 40 labourers each, making a total of three tabourers houses; construction of a garage for the mine truck: acquisition of ralls and mine cars to facilitate mucking of tunnels; and construc- tion of a blacksmith shop.
It is pointed out that every et- fort has been made to spend the
No further recommendation will be, mace, according to the prest- dént and general manager, until their objective is reached, which is to strike the 10-foot vein discover ed in the slide tunnel.
ly.
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
Authorised Capital ******* $50,000,000 Issued & Fully Paid-Up $90,000,000 Reserve Funds:-
Sterling
Hong Kong Currency
Heserve
Beservé Liability of
Proprietors
£6,500,000
AUSTRALIA AND CHINA Incorporated by Royal Charter 1893
HRAD OFFICE: LONDON: '38. Bishopsgate `EC.2.
$10,000,000 || Paid-up Capital....................!
********** £3.204.000 Reserva Fundai..................... k... 65.000.000 $20,000,000 || Ruserve Liability of pros
pristors £3.000.000
MANCHESTER BRANCH: 71, Mosley Street, Manchester.
AGENCIES AND BRANCHES:
Head Office:--HONG KONG
Board of Directors, \- G. Miskin, Esq.,
Chairman.
Hon. Mr. M. T. Johnson,
| ALOM "STAR ILOILOÒN
Deputy Chairman. | AMRITSAR
A. I Shields, Esq.,
Sir Vandeleur M. Grayburn,
BANGKOK
BATAVIA
BOMBAY
CALCUTTA CANTON CAWNPORI
IKE KARACHI
FLANG
.KOSE
KUALA
LUMPUR
KUCHING- MADEAN -
J. K. Bousfield, Esq.,
A. H. Compton, Esq.,
S. H. Dodwall, Esq.,
J. R. Mason, Esq.; "
K. S. Morrison, Esq.,
Hon. Mr. J. J. Paterson,
CSU.
T. E. Pearce, Esq.,
COLOMBO DELKI HAIPHONG
MANILA MKDAN NEW YORK
Chief Manager
MAXBORO
HANKOW
Amoy
Branches: Iloilo
HARDIN
Peiping
Bangkok Ipoh
Penang
Batavia Johore
Bombay
Kobe
Rangoon Saigon
Calcutta
Canton
Chefoo
Celombo
Kowloon San Fran- Kuala
cisco
Lumpur Shanghai London Singapore Dairen Lyons Sourabaya
Malacos
Sungei
Patani
Tientsin
Foochow Haiphong Manila! Hamburg Muar Hankow. (Johore) Tokyo Harbin Mukden Tsingtao Hongkow New York Yokohama
•
Current Accéspinta opened in Local Currency and Fixed Deposita received for one year or "shorter periods in Local Currency,' and Sterling on terms which will be quoted on 'application.
Ako up to date Safe Deposit Boxes in various size To Let. Hong Kong, 19th May, 1937.
BONG KONG SAVINGS BANK ...
Business of the above Bank is conducted by the HONG KONG & SHANGHAĮ BANKING CORPORATION, Rules may be obtained on application.
For the Hong Kona & SHANGHAI
BANKING CORPORATION.
V. M. GRAZBURN, PS: Chief “Manager. Hong Kong, 1st March, 1937.
BANK OF EAST ASIA.
LIMITED
PRESEMA BA
SEMARANG SEREMBAN
ΕΠΙΠΟΛΑΙ
SINGAPORE
MITIAWAN S
BOURABATA
TAIPING
·TIRTHAN
↑ TOMEKAH
4. (Bhuket)
"THINGTAO
YOKOHAMA
(Peking) KAMBOANGA 'PENANG'
HONG KONG HANGOUN
FORRION EXCHANGï and General Banking Business transacted.
CUBRENT Accounts opened and FIXED DEPOSITS received for One Year or shortër “periodi stratér which will be quoted oe applica tion.
'The Bank's Head Office in 'Loa don undertakes Executor & Trustee business, and claims recovary of British Income Tax overpaid, oo terms which may be ascertained. að any of the Agencies and Branches.
B. W. ROBERTS,
Manager..
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
HEAD OFFICE..
18,-P STEET,'
***NEW YORK.
An American Bank offering com plete Foreign Banking Service in the principal Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES,
"
This Bank is anstrely owned by -Txa Czasz NATIONAL BANK, Naw YORK, with Resources over U.B. $9,500,000,000, e taglinis nodr
D. M. BIGGAR,
Manager.
Buyers at rates lower than the nominal liating were in evidence Authorised Capital ..$10,000,000.00 throughout, and latterly outport Paid-up Capital ... 5,528,600.00 THE YOKOHAMA SPECIE, BANF enquiry was also apparent."
Reserve and Undivided
Profita.
59,776,796.76
Though marked as low as £1101 ex Div. in London, and $1970 quot-
The board of directors of the Acop Gold Mining is composed of Enrique J. C. Montilla, presidentes on this market. Banks were No. 10, Des Voeux Road, Central.
Dr. Severino B. Alberto, vice-pres1- dent: Felix M. Gonzades, Fortu nato de Leon, and Marciano Alma- rib, directors,
HEAD OFFICE:-Hosa Koso
A Board of Directori:
only sparsely offered locally, at the close buyers offer $1915.
Unions remained uninteresting
Sir Shouson Chow, Chairman with sellers continuing to ask $525 2. K. Kwak, esq. WengChuson, Esq. Li Koon Chun, Esq. Li Lan cang, Esq. and a small business passing at Wong YunTong, aq. Kan Ying Pu, bag.
Fung Ping Wah,
THE EXCHANGE H. K. SHAREBROKERS that rate. Cantons sold at $300, Chan Ching Shek Esq.
MARKET
MESSES. ROZA BROS
Hong Kong, July 231 The price for Ready Silver was unchanged yesterday but the For- ward rate dropped 1/16, the quota- tions being 18 13/16 for both de liveries. Silver advices reported India as having sold. A small business was done. The market I was' quiet. Américan Silver was quoted at 44 3/4 for Spot.
The London-New York cross- rate was quoted at 498.20. New York-Doudon was quoted, at 498.– 3/10
·MARKET
Steady but dull.
STERLING
A small business was done early in the morning at 1/2 11/16 for near delivery. The market closed at 1 pm with sellers at 1/2 21/32 Valy-December, biyers at 1/2
11/18 for any delivery,
U.S. DOLLARS
Some business was done early in
}
the morning at 30 5/16 faz
ASSOCIATION"
BUYERS
H.K. Banks C.D., 31915. Cantons, $295. Providents (Old); $2,15, Lands, 351
Realties, $5.90. Trams, $14.60. Pear Trams (Old), $5. Peak Trams (New), $2). China Lights (Old), $13.80. China Lights (New), $13:30. Electrics, $80.
Telephones (Old), $29:30. Telephones (New), $11.30. Cements, $15.
Entertainments, $4.90. Constructions" (Old), $1.50. Govt. 4% Loan, 84% Prem. Govt. 3% Loan, 11% Prem,
SELLERS
H.K. Banks, $1930. Unions $822.
Providente (Old), $2.25. Trams, " $14.80. Electrics, $601.
Cantons $300 Wharves, $117,
China Lights" (Old), $13.70.
S IN THE AFTERNOONEE The market was quiet in the afternoon
November delivery. The market | Jorda 73 63 closed at 1 pm with sellers at 30 7/16 July, 30 3/8 August, 30 5/18 September-October and 30 1/4 November buyers at 1/16 higher respectively. TINY
SHANGHAI DOLLARN
Some business was done at 102 3/4 for, cash. There were sellers at 102 11/16, buyers probably at 102 13/15, for spot) 2003/2 SHANGHAI MARKET
- Steady. There were sellers" of Sterling at
for Spot, buyers at
for Booth, The
IN STERLING: No business was reported, anis. ing with sellers at 1/2 21/32 July- December, buyers at 1
buyers at 1/2 11/16 for
any delivery.
US DOLLARS The market closed with sellers at 30 7/18 July, 30 3/8 August and 50 5/18 September-Octobe
buyers at 30 1/2 canh, 30 7/16 tut and 30 3/8 Septembi
29 DESHANGHAL:
(cellers int 5102 102, 18/16 for Bo
«Esq.
Kan Toog Po, seq., Chief Manager: Li Toe Fong, Esq. Manager.
while Fires are in enquiry at $270. The remainder of the investment market is quietly steady, with rates maintained at or close to nominal Usting. Speculative issues have recovered to the level previously | Amoy prevailing.
...
Branches and Agencias ¿—
Kowloon Penang Soursbay London
Batavia
Bombay
Chinten
Manlle „Melbourne, Bin Spani
Rangoo Balgon
Swator
Sydney Bathoka
(New York: Sosiklet
Desks
Blackow
Zakya'dan
Hängtad Yokokawas, Singapori Priping
1
LIMITED
Capital (fully paid up)
Reserve Fund Yen 132,850,000.00
***Im 100,000,000.00.
***
HEAD Orrio:-YOKOKAMA
Alexandria Honolulu
BRANCHES AND AGENCIES ATT
Bangkok Hrinking Batavia Karachi Berlin Kobe Bombay
Calcutta
Canton
London
Rangoon Rio do
Janeiro
Bank
Francisco
Los Angeles Seattle
Manila Semarang
Dairan Moji Shanghai
(Dalny) Nagasaki Singapore Fengtian Nagoya Sourabaya
(Makden) New York Sydney Hamburg. Osaka |
Hankow Otaru
Harbinë Paris
Hong KongPeiping
Tientain
Tokyo
Tsingtao
Tinkow
The Manila market suffered a Calouste further and severe relapse and | Haiphong rates fell to a lower level than ExanalaZa have been seen for a very longo, time past. Bome degree of stabi-
Every description of Banking lity was regained, but the general and Exchange business transacted. coun level of prices are again lower Losas granted on approved Deposits received for Fixed than at the close of the previous securities.
week.
Local interest in
Interest allowed on Current Ac
Perioda at rates to be obtained oD
Y. KANO,
Current Accounta opened in application. producing | Local Currency and Fixed De mines tended to revive on the last posita received for one your dr?
Maangor. price, recession/
shorter periods in Local, and Hong Kong, 10th March, 1937, Foreign Currencies on terms which will be quoted on application.- Safe Deposit Boxes To Let
KAN PONG PO,
::Chief Manager.
BUSINESS DONE DURING
THE WEEK
H.K. Bank, $1910, $1905, $1900,
$1890, #1870, 20
Canton, Ins., $300.
Union Ins $425.5).
Providents (Old), #2.05)
Watsons,::$5, $5.3014-
Hotels, $6.90.⠀
Tramways, $14.50. Electrics $60.
Maramana tov. (L'don), ex di ** 26/71; 20/3, 2017 m Marsmans Inv. (ELI), 7/- 7/3 Govt. 31% Loan, 11% Prem. 3%
Prema
CHANGES (3.15 p.m.) CLOSING LE QUOTATIONS S
in
Hotels, $6.80. Trams, $144.. Ferries, $38,
Cementa, $15:10, Plectrics, $60
BALEK
Unions, $625 $300
BRITISH TRADE IN
CHINA
RUSSIA'S FOREIGN
The
TRADE
Moscow, July 22. foreign trade of Boviet London, July 22.1 Russia for the first half year of Mr. Joseph Hepworth, MP, for 1927 shows a turnover of £308 Bradford, Inquired in the House of million gold roubels which exceeds Commons to-day whether, in view by 85 million the figure for the of the serious effect upon, British i vorrisponding period of the pre- trade of the constant and gradil vlous Fea absorption of Chiese gerritor by Japán, the Foreign Minister woun make it clear that the Govern ment, as in the fchise of the Man churia conquest,, would mak clear it would refuse«to recogi further steps of that kind.
Mr Anthony Eden, said the Honourables Mem Bradford, WRITE,
situation which
fually
exist
tor
Honourable Member would hot ex-
pect him no
ferde balance verse account of 40
whereby the
In respect
kallway, t
actatil use
rold
Bast
: