DAILY SHARE QUOTATIONS Hong Kong Stock Sharebrokers'
Exchange
Association
MONDAY..
Pages 30stlere
dang Nom
JULY 26,
Jag
Callers Bales Komina
Backs
H.K. Banks
o d
$1,918
Bo. (London) n Chartered Banks ....
x d
£113
2147
£33
BIB
$89
$1,926) a d
$48
39.30
1
***
!!!!!!!!!
***
$1,030) z d
2113 2148
£33 £10 $101
Mercantile Bks. "A"
Do,
C'
Bank of Rast Asia....
N. Q. & S. Barks ...
Insurances
Canton lustratioon... (207
Union Insuranost .........
#!!!!!
HONG KONG DAILY PRESS, TUESDAY, JULY 27, 1937.
H. K. STOCK EXCHANGE
AND
H. K. SHAREBROKERS ASSOCIATION
Philippine Gold
Antamoka
1692
Atok
12
$980
Baguio Gold
Benguet Consol
Benguet Explor
Mining Quotations
2 th July, 1937 Time Received clos.
LI
each July
B S
clos
Closing Raten
9.50 9.50 10.17 1.13
2.46 3.08 3.43
79 80
."
78
76
TA
74
...
124
20 201
18 19
17
19
10.00 9.76 10.23
8 asked B
...018.010.017
$900
$625
$3
Underwriters
+1+144
$180
H.K. Firess-rekan
International Assoe, 3,
Shipping
Douglases demand.
*148
$3+
Steamb wits
18+
Big Wedge
15 14. 17
•
301
lado-Chinas (pref.)
$61
Coco Grove
60 66 50
54
$42
Do. (det.)
$49
Consol Mines
,018 018
108/9
Shell t
108/
Water boata
392
Demonstrations
48
...43
47
44
Mining
"E. Mindanao
10 171 17
171 18
16
20/0.
Kailana.....
21/
G. Goldüelda
191
10
13
11
$11.40 Raubs.............
311.45
13
Venezyals Gold Elds.
Itogons
60.
50 34
55
54
53
Docks, Wharves,
1. X. L.
60 62 61 60
Godowns, etc.
Masbates......
"18
17
18
174
J7
3117
H.K. & K. Wharter.
Providents (oki!...
(new) . Do.
180 cts.
$32.85 H.K. W. Docks
GB Shangai Duck. S. $31 New Engineerinä d. Lands, Hotels, and
$ILT
Min. Resources
17 18
17
181
$2.15
Northern Mining
4 bid
.42
20
150 6's.
$32
$106
Paracale GumauS...
San Mauricio
28
28 28
1,30
1.18
1.25
+4
13
Suyoc Consol
26
28 201
United Paracales
... 65 66
€13 Ork 64
G3
63
Bui dings
$6.80 $351
H.K. Hotela .........
$6.88
SLOO
H.K Lands.......... Do. 4% Debentures
335
111 Shanghai Landa.....0.
$7
Metropolitan Lands..
16.10 H.K. Realties.......................
China Do
Do.
Debenturess.
Humphreys
Chinese Estates ....
Cotton Mill
Simun
Shui Coltona(vld)S.]
Du.
Zoong Singe
"Ewo Cotton Rts. 8.
Public Utilities
38!!!!!!!
Market Comment.
S
Uncertain
$ E E E Siet
$102
$6.90
PHILIPPINE MINING
NEWS
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA »
BANKING CORPORATION
Authorised Capital
$80,000,000
Issued & Fully Paid-Up $20,000,000 Reserve Funds—
Eterling
Hong Kong Currency
Reserve
Reserve Liability of
Proprietors
6,500,000
AUSTRALIA AND CHINA Incorporated by Royal Charter 1953
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.2.
$10,000,000 | Fald-up Capital.
Reserve Fund. $20,000,000 | Reserve Liability of Pro-
·prietors ........
Head Office:--HONG KONG
Board of Directors.
G. Miskin, Esq.,
Chairman.
Hon. Mr. M. T. Johnson, 1
Deputy ChairmL.
J. E. Bousfeld, Esq.,
A. H. Compton, Esq.. S. H. Dodwell, Esq.
1. В. МАЛКОВ, ВЕ
K. S. Morrison, Esq...
Hon. Mr. J. J. Paterson,
T. E. Peasca, Esq.,
"A: L. Shields, Esq.,
Sir Vandeleur M. Grayburn,
Chief Manager.
4
£1.000.000
£3.000.000
--- 23.000.000.
MANCHESTER BRANCH:
71. Mosley Street, Manchester.
AGENCIES AND BRANCHES:-
ALOE STABILOILO AMRITSAR HANGKOK... KARACHI
IPOB
SAIGON
BEMARANO
BEREMBAN
HAIPHONG
BATAVIA KLANG BOMBAY CORE CALCUTTA KUALA CANTON
LUMPUR CAWNPORE KUCHING
MADEAS CHEV COLOMBO MANICA 'DEAR]
MEDAN NIT YORK
SHANGHAI
БЕКОДРОВА
BITIAWAN
·SQURANATA
TALFING
!1.
TIMITEIN
TONGKAH
TSINGTAO
HAMBURG
PRIPING
BANKOW
HARBIN
(Bhuket)
$00
45 cts
8/9
40 gla.l
J
!!!!!!!!!
11:
!!!!!
prem
iii:
$27
180
$1
$60
"$16
$120
(news.
134
480
Wing On Textile S.)
11:
Sa
$18,48 $120
$34
ed by his studies in order that the same may yield something like a normal recovery.
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices were" higher over the week-end to the extent of 1/8 for Ready and 1/16 for Forward are now being-the quotations being 20 for both "The changes carefully studied and before they deliveries. Silver advices reported will be put into effect they will be India as having operated both rechecked by competent outside ways. The market closed steady.
The London-New York engineers.
BUED MINING COMPANY, is in the set-up of the plant indicat- advising its stockholders that cer- tain rumours concerning the com- #78
pany which have been circulated 13 recently are unfounded. 8. N. Schechter, president of Bued, sent the following memorandum to the Bulletin yesterday for publication. "Certain unfounded rumours have been circulated with reference to the position of the Bued Mining Company, Inc. One rumour had it that there was no gold on the pro- perty, another that the company intends to liquidate, and still an- 1.30 other that there was no more
$14.90) Tramways ******|
$14.50 cd
Poak Trams (old)
35
Da (new)...] $24
Star Ferrios skate Yannati Ferrios
$86
5961
$1313.70
129.60
$11.60
Do
Telephonon (old)
3181
***
$13.00 Chins Lights (old).... $13.70 Do.
(new)... H.K. Electrica averin 318-Macao do.
$149 Badakan Lights ........
(now)
941.
China Bus 08.
23/- .Da. (prof.)......
Industrials
Maogregors (praf.18.
Canton Ice
$15.10 Comente
$5,05
Ropes.*******
Dairy Farman......
Tractions ********
$18
Caldbeck; ord.) 8.
$17
$2
Miscellaneous"
$60
13.30
417
129.40
***
16/.
****
***
$15
$5,20
-$261
$261
0.10
Ch. Btainment...... $4,90
$1.60
Constractions, (old) $11
Do.
(now)
10.05
Lane Crawfordia.......
Nanyang Tobacco...||
$9,60 $0.80
$2.00
Sincares............ **
$5.40
Watsons $6.30
977,
CL.G.5%1995G. Bds
Govt. 4% Loäna
B. 0.1 Enterprises....
$1
8%
$1081
*10
Wallace Harper...
3100 $4.90
|40 atu.i
pren. 84%
50
Wm. Powells
HE Wing On. S'bal Do
Vibro Piling N Marsmane Ir v. (Lion.)
(HK)
•Sales to Shanghai
LONDON EXCHANGE RATES
(British Wirelem Service)
Paris Geneva Berlin
Athens
July 22
1331
July 24 133-3/32
21.701
12.37
21.64 12.342
94-11/16
94-7/10
Milan
Copenhagen
Stockholm Shanghal
New York Amsterdam
Vienna Prague
Madrid......
19.39) 1/2-9/32 4.98-3/16
9.011
+
cross-
"This information is passed on rate was quoted at 490.70. New to you, not because we want to in-York-London was higher at 497. Auence market fuctuation one way
or another, but because we do not circulated rumoure want false without being challenged."
PHILIPPINE MARINDUQUE Iron- money in the company's treasury. Mines Co. reparts that a large de- These rumours are without founda-posit of iron has been discovered on its property in Magpog, Marin- duque. It is estimated that 4.20.- 000,000 tons of iron ore is within the group owned by the Philippine Marindojue Mines Company,
tion and truth.
"There is money in the treasury and a metallurgical report on tests made as late as July 14, 1937 by a responsible organisation indicates a value of P2.10 per tan
Jose Cacho. president and mana- ger of the Gold Star Mining Co. will visit the property next week. The property is situated 11 kilo meters from the sea. A site has al- ready been selected to construct a wharf for the shipment of ita ore. THE LONE STAR MINING CO. is installing a machine on vits Agnu river placer property, in Ban Manuel, Pangasinan. J. B. Richey, president, is supervising the instal-
"Our new superintendent, Jerry Y. Bell, who made several test runs with the No. 2 unit as at present set-up, was only able to effect a recovery of P38 per 'ton. The loss between the figure indicated by the metallurgical tests and the ac tual recovery was enormous that he immédiately decided to shut down the plant for a while and make exhaustive study to de-lation assisted by the field super- termine why there is so much loss In the actual recovery.
"When the cause is discovered machine he will make the necessary changes' month.
50
H. K. STOCK EXCHANGE
YESTERDAY'S
OFFICIAL
QUOTATIONS
intendent. E. M. de Villa, consult ing geologist, estimated that the can produce P10,000 a
EXPANDING LATVIAN“
TRADE WITH RUSSIA
MARKET
Dull but steady.
STERLING
No business was reported. There were sellers at 1/2 21/32 July- December, buyers at 1/2 11/16 for any delivery.
U.S. DOLLARS
A small business was done early in the morning at 30 7/16 for cash. The market closed at 1 p.m. with sellers at 30 3/8 July, 30 5/16 August-Septeber and probably Oc- tober and 30 1/4 November, buyers at 30 7/18 Cash, 30 3/8 August- October and 30' 5/16 November."
SHANGHAI DOLLARS
A small business was reported at 103 for near. There were sellers
Branches:
Адоу
Iloilo
Peiping
Bangkok
Ipoh
Penang
Batavis
Jobore
Bangvon
Bombay
Kobe
Saigon..
Calcutta
Kowloon Kuala
Lumpur Shangbai
Colombo
London
Dairen
Lyons
Foochow Maincoa
Canton Chafoo
Haiphong Manila
Hamburg Muar Hankow
"San Fran
cisco
Singapore Sourabaya Sungei
Patani Tientsin
(Johare) Tokyo
Barbi Mukden Tsingtao,
Hongkow
New York Yokohama
TOKOHAMA
(Peking). ZAMBOANGA PENANG
HONG KONG HANCOUN
FOREIGN EXCHANGs and Generat Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One: Year.or shorter periods at rates" which will be quoted on applica tion.
The Bank's Head Office in Lon don undertakes Executor & Trustés I business, and claime recovery of British Income Tax overpaid, on terms which may be ascertained, ny any of the Agencies and Branches.
R. W.ROBERTS,
Manager.
Current Accounti opened in Local Currency and Fixed Deposits )" „ received for one year or shorter, periods in Local Currency sed Sterling on terms which will be quoted on application.
Also up to date Sale Depósit Boxes in various sizes Te Let.
Hong Kong, 19th May, 1937.
BONG KONG SAYINGS BANK
HE Business of the above.
TBank is conducted by the
BONG KONG & BHANGHAI, BANKING CORPORATION, Rules, may be obtained on "pplication,
For the Hora KONG & SHANGHAI
BANKING CORPORATION
V. M. GRAYBURN,
Chief Manager. Hong Kong, 1st March, 1937.
BANK OF EAST ASIA, LIMITED.
THE CHASE BANK
16, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
An
18, P STREET,
NEW YORK
American Bank offering com plate Foreign Banking Sarvica in the principal Markets of the ΠΟΣΙΟ Interest Rates on Application.
This Bank
Authorised Capital $10,000,000.00 5,598,600.00 Paid-up Capital Reserve and Undivided
Profits...
2,776,726.76-7
HEAD OFFICE-HONG KONG
entirely owned by NATIONAL BANK, Naw Yone, with Resources over U.S..
D. M. BIGGAE,
Manag
THE YOKOHAMA SPECIE. BANS
LIMITED
at 102 7/8, buyers at 103 for Spot. No. 10, Des Voeux Road, Central. Capital (fully, paid-up)
SHANGHAI MARKET ́
There were sellers of Sterling for Spot at 1/2 1/4, buyers at 1/2 17/84 US. Dollars, sellers at 29 1/2, buyers at 29 17/32 for Spot The forward. market was easy.
IN THE AFTERNOON The market was quiet in the afternoon.
IN STERLING
Board of Directors:
Sir Bhouson Chow, Chairman Li Koon Chun, Esq. Li Lan sing, Esq. P. K. Kwok, q. Wong Chubon, t.sq. Wong Yuntung, sq. Kan Ying Pu, kaq. Chan Ching Shek FangPing Wah,
Esq.
Kan Tong Po, Lagi, Chief Manager. Li Tre Fong, Esq.; Manager:
Amay
No business wizs reported nun' ing with sellers at 1/2 21/32. Juiy- |Bai December, buyers at 1/2 11/18 for
Economic Mission To Moscow any delivery.
=
U.S. DOLLARS The market closed with sellers As a result of the recent visit to Moscow of the Latvian Foreign at 30 3/8 July 30 5/16 Angust-Oc- Minister, M.. Munters, and his tober and 30 1/4 November, buyers 2,500-mile tour of Soviet industrial at 1/16 higher respectively.
The market again relapsed into and agricultural centres, the Lat quietness upon receipt of unsettl
4.061 9.01
142-9/16
ing advices trom the North.
Sterling Stocks, however, con- tinued steady, with Banks sh
Lizbon
Hong Kong
Bombay
4.087
29.501
4.962 29.51
J
Montreal
Brussels Yokohama Belgrade.......
Monte Video
Bucharest anumer Silver (Forward) silver (Spot).....
War Loan
2164
19-13/16 19-13/16 31% 991
Closing Quotations
Of New foxx:-
Bank Bills, on demand 30 3/16 Creditá, 60 days' dight. 20-9/16
July 28, 1987.",
On Batavia?—N
19/32
On demand
On LONDON ;-
Telegraphic Transfer... 11/1
Bank Bille, on demand Credita. four months'
Didight OF SHARON
104
OW Pants' =
641
Bank Bills, on demand sus Credits 4 month's sight $50
On Bigod
SHANGHAI DOLLARS Sellers at 102 15/16, buyers at vian Government is considers 103 1/16 for cash. Steady. ways and means of stimulating 80- vlet-Latvian trade on the basis of the present agreement, which sti-
quired for at 31925, and Sales pulates evenly-balanced imports Scottish Regiments
quoted at $1930. Unions again sold at $625,
Wharves were in demand at $117 and Electries changed hands at 960.
Manila advices were again easier and prices perceptibly lower.
BUYERS
H.K. Banks Cum. Div., $1925. Douglases, $48.
Union Waterboats, $9.38. HK. Wharves, $117. Chinese Estates, $90.
Peak Tramas (Old), $5. Peak Trams (New), $25 Star Ferries, $35.
W. Powell, Ltd., 40 eta
Constructions (New), 45 cts. Govt. 3 Loan, 1% Prem. Marsmans (EX), 6/9
BALKS
HK Banks Cum Div. $1930.
Union Insurances, 1925. HH Wharves, 117.
FR Flectries: $60.
Telephoner (Old), 1,229,80,00
Dairy Farms 8261 9
and exports between both coun→ tries po
The Latvian Government has re- solved to send a special economie, delegation to Moscow shortly for personal, talks with Soviet trusts and other Soviet economic organ isations.
Museum
One of the places of interest in Edinburgh which the King and Queen are expected to visit during fet their stay is the remarkable Scot-
tish National Haval aka Mato Museum in the Castle, states the "Daily Telegraph..
It is proposed to revive Soviet transit trafic via Riga and other Latylan porta, which has fallen on perceptibly in recent years
Branches and Agencies
Kowto-da Zaddan
Pranz
Yen 100,000,000 00 Reserve Fund Yen 132,850,000.00
HEAD OFFICE:-YOKOHAMA
BRANORES AND ÀGENULEN 'ATT Alexandria Honolulu Bangoon Bangkok Hainking Rio do Batavia Karachi Janeirg Berlin
Ban Bombay
Kobe London
Manila
Francineo
Calcutta
Los Angeles Seattle
Bourabays
Canton
Semarang
Beran
Moj
Bhanghai
(Dalny) Nagasaki
Singapore?
Fungtier Nagoja
Boerabaya
Hamburg Osaka
Tioptain
How Otaru
Tokyo
Barbin Paris
Tsingtao
By day
Zarz Bareng Vapoport Tokohama
Hemolata
New York, ductle
Shanghai
kaba
Peiping
Every description of Banking and Exchange business "transacted. Loans granted.
approved securities
Jurrent Accounta
On
Local Currency and Fixed De
(Makden) New York Bydney.
Hong KongPeiping Vinkow.
Interess allowed on Current Ac counts.
Deposits received for Fixed opened in Periode at rates to be obtained on
Y. KANO
My Manager.
posita received for one year or application. shorter periods in Local and
Foreign Currencies on terms whieh Hong Kong 10th March, 1937.
will be quoted on application.
Safe Deposit Boxes To Let
"KAN TONG PD,
Chief Manager,
LEBANON PARLIAMENT DISSOLVED
Beirut, July 25, The Parliament of the mandated republic of Lebanon has been die solve by order of the President of
This is quite the best of its kind, out of London, forming an ideal It is already understood that corollary, as it were, to the famous the forthcoming expansion of So-war memorial. The Duke of Atholl Viet-Latvian trade will not pre has taken the greatest interest in Judice arrangements made pre-the museum, which concentrates the Republic viously by Latvia with other coun- on the Scottish regiments, for the Transocean News Service, tries. For example, despite attrac- | naval side is necessarily small
tive offers of Boviet coal, Latvia It has a well-informed curator in
LAWYER ARRESTED IN $300,000 CASE
Chen Pong-liang, a lawyer, was formally charged in the First Special District Court recently with being concerned with two other ren already sentenced, ta attempting to defraud the Chins and South Sea Bank, Hankow Road, of $300,000 some time ago.
I was alleged that one of the cted hired a men already
ank and safe-keeping box in the then removed all vald the bux A letter alle military pictures and printe
THE rmer ste cop the all writ paintings of Scottish regiments sent to the bank, made in the time of George III box contained and George ry, Until recently these and jew had hung in the corridors of Wind the matter to sor Castle and were 1
will continue its preference for Major I. H. Mackay Scobie, an at- was found for the coll `Britlih coal.
Twelve steamers are:
coat at
cargoes
way for the
Industrie and
Cent enthusiast, who has made it ent his hobby: Major Mackey Scobie marked himself out as the man, for ble book he
Toom even to the expert
From to be